2024-10-31-accounts - St Andrews Youth Development Trust

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St Andrews Youth Development Trust

Charity No. 1169855

Company No. CE008362

Trustees' Report and Unaudited Accounts

31 October 2024

St Andrews Youth Development Trust Contents

	Pages
Trustees' Annual Report		-
Independent Examiner's Report		2
Statement of Financial Activities		3
Summary Income and Expenditure Account		4
Balance Sheet		5
Statement of Cash flows		6
Notes to the Accounts		7
Detailed Statement of Financial Activities		8

Page 1

St Andrews Youth Development Trust Trustees Annual Report

St Andrews Youth Devept Art and Culture

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 October 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE008362

Charity No. 1169855

Principal Office

Frampton Park Baptist Church Community Centre Frampton Park Road London E9 7PQ

Registered Office

19 Morpeth Road Hackney London E9 7LD

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

C. FAROUK-ALHASSAN

Q.A. AGBOOLA

S.L. WALKER

==> picture [298 x 55] intentionally omitted <==

Key Management Personnel

KMP Name 1 KMP 2 KMP Name 2 KMP 3 KMP Name 3 KMP 4 KMP Name 4 KMP 5 KMP Name 5

Accountants

Julius and Julius and Associates LLP 70 Clapton Square London E5 8HW

Bankers

TSB Bank 404 Bethnal , Green London

Page 2

St Andrews Youth Development Trust Trustees Annual Report

E2 0AH Address Line 5

Solicitors

Address Line 5

Investment Advisors

Address Line 5

OBJECTIVES AND ACTIVITIES

TO ACT AS A RESOURCE FOR CHILDREN AND YOUNG PEOPLE AGED 6-18;ADVANCING IN LIFE AND HELPING YOUNG PEOPLE BY DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS;ADVANCING EDUCATION;PROVIDING RECREATIONAL AND LEISURE TIME ACTIVITIES IN THE INTEREST OF SOCIAL WELFARE, DESIGNED TO IMPROVE THEIR CONDITIONS OF LIFE

ACTIVITIES INCLUDE SPORT, HEALTH & WELL BEING; CREATIVE & DIGITAL MEDIA; MUSIC & FASHION;,ABA BOXING

ST ANDREWS YOUTH DEVELOPMENT TRUST ACT AS RESOURSE FOR CHILDREN FREE OF CHARGE

A larger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...

A larger charity must provide an explanation how the achievement of its aims will further its legal purposes...

A larger charity must provide an explanation of its strategies for achieving its stated aims and objectives...

A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period...

A larger charity should provide a more detailed explanation of its short-term and long-term aims and objectives...

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

Q.A. AGBOOLA Trustee 31 October 2024

Page 3

St Andrews Youth Development Trust Independent Examiners Report

Independent Examiner's Report to the trustees of St Andrews Youth Development Trust

I report to the charity trustees on my examination of the financial statements of St Andrews Youth Development Trust for the year ended 31 October 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACA/ICAEW, which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Anthony Faleye ACA/ICAEW Julius and Julius and Associates LLP 70 Clapton Square London

E5 8HW 31 October 2024

Page 4

St Andrews Youth Development Trust Statement of Financial Activities

for the year ended 31 October 2024

Unrestricted funds 2024 Notes £ Income and endowments from: Donations and legacies 4 77,777 Charitable activities 5 77,409 Other activities 6 18,800 Other 7 - Total 173,987 Expenditure on: Charitable activities 8 30,000 Other 9 94,429 Total 124,429 Net gains on investments - Net income 10 49,558 Transfers between funds - Net income before other gains/(losses) 49,558 Other gains and losses Net movement in funds 49,558 Reconciliation of funds: Total funds brought forward 40,394 Total funds carried forward 89,952	Restricted funds 2024 £ 41,390 36,875 16,000 -	Endowment funds 2024 £ - - 16,000 -	Total funds 2024 £ 119,167 114,284 50,800 -	Total funds 2023 £ 21,945 74,657 - 1,000
	94,264 - -	16,000 - -	268,251 30,000 94,429	97,602 20,000 37,208
124,429 -	- -	- -	124,429 -	57,208 -
	94,264 -	16,000 -	159,822 -	40,394 -
49,558	94,264	16,000	159,822	40,394
49,558 40,394	94,264 51,064	16,000 -	159,822 91,458	40,394 51,064
89,952	145,328	16,000	251,280	91,458

Page 5

St Andrews Youth Development Trust Summary Income and Expenditure Account

for the year ended 31 October 2024

Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year	2024 £ 268,251 268,251 112,616 11,813 124,429 143,822 143,822	2023 £ 97,602
		97,602
		57,208 -
		57,208
		40,394
		40,394

Page 6

St Andrews Youth Development Trust Balance Sheet

at 31 October 2024

Company No. CE008362 Notes 2024 £ Fixed assets Tangible assets 12 35,438 35,438 Current assets Cash at bank and in hand 350,441 350,441 Creditors:Amount falling due within one year 13 1 Net current assets 350,442 Total assets less current liabilities 385,880 Creditors:Amounts falling due after more than one year 14 (150,600) Net assets excluding pension asset or liability 235,280 Total net assets 235,280 The funds of the charity Restricted funds 15 Endowment funds 16,000 Restricted income funds 129,328 145,328 Unrestricted funds 15 General funds 89,952 89,952 Reserves 15 Total funds 235,280	2023 £ 24,000
	24,000 206,270
	206,270 -
	206,270 230,270 (138,812)
	91,458
	91,458
	- 51,064
	51,064 40,394
	40,394
	91,458

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 October 2024

And signed on its behalf by:

Q.A. AGBOOLA

Trustee

31 October 2024

Page 7

St Andrews Youth Development Trust Statement of Cash flows for the year ended 31 October 2024

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Other gains/losses Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2024 £ 159,822 11,813 - 11,788 183,423 (23,251) (23,251) - 160,172 206,270 366,442 350,441 350,441	2023 £ 40,394 - - 68,212
		107,606 (24,000)
		(23,000)

		-

		84,606
		121,664
		206,270

		206,270

		206,270

Page 8

St Andrews Youth Development Trust Notes to the Accounts

for the year ended 31 October 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

St Andrews Youth Development Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

St Andrews Youth Development Trust Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

St Andrews Youth Development Trust Notes to the Accounts

3 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies South Hackney Parochial Charity Grant London Borough of Tower Hamlets London Community Foundation ESC Lottery	Unrestricted £ 12,509 54,613 8,000 2,656 77,777	Unrestricted funds 2023 £ 27,884 68,718 1,000 97,602 - 37,208 37,208 60,394 60,394 60,394 - 60,394 Restricted £ 5,361 23,405 2,000 10,623 41,390	Restricted funds 2023 £ - - - - 20,000 - 20,000 (20,000) (20,000) (20,000) 51,064 31,064 Total 2024 £ 17,870 78,018 10,000 13,279 119,167	Total funds 2023 £ 27,884 68,718 1,000
				97,602 20,000 37,208
				57,208
				40,394
				40,394
				40,394 51,064
				91,458
				Total 2023 £ 7,230 14,715 - -
				21,945

Page 12

St Andrews Youth Development Trust

Notes to the Accounts

5 Income from charitable activities London Borough of Hackney London Borough Enfield St Elizabeth Primary School-donation for coaching Victoria Park FC 6 Income from other trading activities Unrestricted £ East End Community Foundation 10,000 Feeding Britain 4,800 National Lottery Awards for All 4,000 18,800 7 Other income 8 Expenditure on charitable activities Expenditure on charitable activities London Borough Enfield Governance costs	Unrestricted £ 55,265 18,793 2,285 1,066 77,409 Restricted £ - - 16,000 16,000	Restricted £ 13,816 18,793 - 4,266 36,875 Endowment £ - - 16,000 16,000 Unrestricted £ 30,000 30,000	Total 2024 £ 69,081 37,586 2,285 5,332 114,284 Total 2024 £ 10,000 4,800 36,000 50,800 Total 2024 £ - -	Total 2023 £ 49,580 19,138 - 5,939
				74,657
				Total 2023 £ - - -
				-
				Total 2023 £ 1,000
				1,000

			Total 2024 £ 30,000 30,000	Total 2023 £ 20,000
				20,000

Page 13

St Andrews Youth Development Trust Notes to the Accounts

9 Other expenditure

Employee costs Motor and travel costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 10 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 11 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 12 Tangible fixed assets Cost or revaluation At 1 November 2023 Additions At 31 October 2024 Depreciation and impairment Depreciation charge for the year At 31 October 2024 Net book values At 31 October 2024 At 31 October 2023 13 Creditors: amounts falling due within one year Accruals	Unrestricted £ 45,686 1,843 11,813 34,487 600 94,429 2024 £ 11,813 2024 - - 2024 £ (1) (1)	Total 2024 £ 45,686 1,843 11,813 34,487 600 94,429 £ 24,000 23,251 47,251 11,813 11,813 35,438 24,000	Total 2023 £ 21,505 1,673 - 13,430 600
			37,208
			2023 £ - 2023 15,980
			15,980
			£ 24,000 23,251
			47,251
			11,813
			11,813
			35,438
			24,000
			2023 £ -
			-

Page 14

St Andrews Youth Development Trust Notes to the Accounts

14 Creditors:

amounts falling due after more than one year Accruals Deferred income 15 Movement in funds At 1 November 2023 Restricted funds: Endowment funds: - Total - Restricted income funds: 51,064 - - - - - - Total 51,064 Unrestricted funds: General funds 40,394 Total funds 91,458 16 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions	2024 £ 600 150,000 150,600 Incoming resources (including other gains/losses ) £ 16,000 16,000 5,361 23,405 2,000 10,623 13,816 18,793 4,266 78,264 173,987 268,251 Unrestricted funds £ - 256,178 (150,600) 105,578	Resources expended £ - - - - - - - - - - (124,429) (124,429) Restricted funds £ 35,438 94,264 - 129,702	2023 £ 600 138,212
			138,812
			At 31 October 2024 £ 16,000
			16,000
			56,425 23,405 2,000 10,623 13,816 18,793 4,266
			129,328
			89,952
			235,280
			Total £ 35,438 350,442 (150,600)
			235,280

Page 15

St Andrews Youth Development Trust Notes to the Accounts

17 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Net debt	At 1 November 2023 £	Cash flows £	At 31 October 2024 £
	206,270	144,171	350,441
	206,270 206,270	144,171 144,171	350,441
			350,441

18 Related party disclosures

Controlling party

Page 16

St Andrews Youth Development Trust Detailed Statement of Financial Activities

for the year ended 31 October 2024

Income and endowments from: Donations and legacies South Hackney Parochial Charity Grant London Borough of Tower Hamlets London Community Foundation ESC Lottery Charitable activities London Borough of Hackney London Borough Enfield St Elizabeth Primary School-donation for coaching Victoria Park FC Other activities East End Community Foundation Feeding Britain National Lottery Awards for All Other Total income and endowments Expenditure on: Charitable activities London Borough Enfield Total of expenditure on charitable activities Employee costs Salaries/wages Staff entertainment Staff recruitment Staff training Motor and travel costs Travel and subsistence	Unrestricte d funds 2024 £ 12,509 54,613 8,000 2,656 77,777 55,265 18,793 2,285 1,066 77,409 10,000 4,800 4,000 18,800 - - 173,986 30,000 30,000 30,000 - 45,686 - - 45,686 1,843 1,843	Restricted funds 2024 £ 5,361 23,405 2,000 10,623 41,390 13,816 18,793 - 4,266 36,875 - - 16,000 16,000 - - 94,265 - - - - - - - - - -	Endowment funds 2024 £ - - - - - - - - - - - - 16,000 16,000 - - 16,000 - - - - - - - - - -	Total funds 2024 £ 17,870 78,018 10,000 13,279 119,167 69,081 37,586 2,285 5,332 114,284 10,000 4,800 20,000 34,800 - - 268,251 30,000 30,000 30,000 - 45,686 - - 45,686 1,843 1,843	Total funds 2023 £ 7,230 14,715 - -
					21,945
					49,580 19,138 - 5,939
					74,657
					- - -
					-
					1,000
					1,000
					97,602 20,000
					20,000
					20,000 15,980 5,463 13 49
					21,505
					1,673
					1,673

Page 17

St Andrews Youth Development Trust Detailed Statement of Financial Activities

General administrative costs,

including depreciation and

amortisation Depreciation of Bad debts Equipment expensed Equipment leasing and hire charges Equipment repairs and maintenance Exchange rate (gain)/loss General insurances Software, IT support and related costs Sundry expenses Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	11,813 - - 4,200 1,350 2,690 - 5,320 20,927 46,300 600 600 94,429 124,429 - 49,557 49,557 - 49,557 40,394 89,951	- - - - - - - - - - - - - - - 94,265 94,265 - 94,265 51,064 145,329	- - - - - - - - - - - - - - - 16,000 16,000 - 16,000 - 16,000	11,813 - - 4,200 1,350 2,690 - 5,320 20,927 46,300 600 600 94,429 124,429 - 159,822 159,822 - 159,822 91,458 251,280	- 200 370 5,700 652 1,101 77 5,330 -
					13,430
					600
					600

					37,208
					57,208 -
					40,394
					40,394 -
					40,394
					51,064
					91,458

Page 18