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2024-03-31-accounts

Progress report for AGM 2nd October 2024

Since our last AGM (18/7/23) we have:

Aims for the year ahead:

YOUTH ARTS & HEALTH TRUST

Charitable Incorporated Organisation 1170692

Annual Report and Financial Statements for the Year Ending 31 March 2024

Unaudited Accounts

YOUTH ARTS & HEALTH TRUST CHARITABLE INCORPORATED ORGANISATION INFORMATION

Charity Address: Exeter Phoenix Gandy Street Exeter EX4 3LS CIO Number 1170692 Trustees Dr Paul Gray (Chair) Vikram Mohan Ralph Hayward Sue Shaw Roisin McCay-Hines Hugh Charles Groves Matthew Owen Daniel Registered Office as above Independent Examiner Exeter Community Accounting Bankers: Lloyds Bank PO Box 1000 Andover BX1 1LT

2

YOUTH ARTS AND HEALTH Charitable Incorporated Organisation No: 1170692

INDEPENDENT EXAMINATION REPORT

For the period ended 31st March 2024

Basis of independent examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

3 August 2024 .............................. Date ...............................................

Exeter Community Accounting

3

YOUTH ARTS AND HEALTH TRUST

Charitable Incorporated Organisation No: 1170692

Statement of Financial Activities for

Year Ended 31 March 2024

2023/2024 2023/2024 2022/2023
Income from: 2 Unrestricted Designated Restricted Total Total
£ £ £ £ £
Donations 98 - - 98 2,053
Grants Received - - 52,408 52,408 39,355
Charitable Activities 42,062 - - 42,062 42,147
Total Income 42,160 - 52,408 94,568 83,555
Expenditure on:
Raising Funds 8,708 - - 8,708 4,508
Charitable Activities 34,467 12,090 44,067 90,624 80,885
Total Expenditure 43,175 12,090 44,067 99,332 85,393
Net Income (1,015 ) (12,090 ) 8,341 (4,764 ) (1,838 )
Transfers 6 (6 ) -
Net movement of funds (1,009 ) (12,090 ) 8,335 (4,764 ) (1,838 )
Reconciliation of funds:
Total of funds brought forward 5,625 12,690 13,244 31,559 33,397
Total funds carried forward 4,616 600 21,578 26,794 31,559

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YOUTH ARTS AND HEALTH TRUST

Charitable Incorporated Organisation No: 1170692

BALANCE SHEET
as at 31 March 2024
Note
FIXED ASSETS
Tangible
CURRENT ASSETS
Cash at bank and in hand
Debtors
7
CURRENT LIABILITIES
Creditors: amounts falling due
8
within one year
Current Liabilities
Net Current liabilities/assets
TOTAL ASSETS LESS CURRENT LIABILITIES
FUNDS OF THE CHARITY
Unrestricted Funds
Designated Fund
Restricted Funds
Total funds
£
£
267
23,313
9,171
32,751
4,899
1,058
5,957
26,794
26,794
4,616
600
21,578
26,794
2023/2024
£
£
267
23,313
9,171
32,751
4,899
1,058
5,957
26,794
26,794
4,616
600
21,578
26,794
2023/2024
£
£
399
24,833
10,075
35,307
3207
541
3,748
31,559
31,559
5,625
12,690
13,244
31,559
2022/2023
£
£
399
24,833
10,075
35,307
3207
541
3,748
31,559
31,559
5,625
12,690
13,244
31,559
2022/2023
26,794 31,559
26,794 31,559
4,616
600
21,578
5,625
12,690
13,244
26,794 31,559

Signed on behalf of all the trustees

Print Name

Date

5

YOUTH ARTS & HEALTH TRUST

Charitable Incorporated Organisation No: 1170692 NOTES TO THE FINANCIAL STATEMENTS

Year Ended 31 March 2024

Accounting Policies Statement of Compliance 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 Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going Concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Resources Expended All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable Activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support Costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees' meetings and reimbursed expenses.

Tangible Fixed Assets Individual fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures & Fittings 25% pa straight line

Trade debtors Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

Funds Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Cash and Cash Equivalent Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value

Depreciation

Depreciation is calculated so as to write off the cost of valuation of an asset, less its residual value, over the useful life of that assist as follows:

Fixtures and fittings 25% straight line

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YOUTH ARTS HEALTH TRUST

Charitable Incorporated Organisation No: 1170692 NOTES TO THE FINANCIAL STATEMENTS Year ended 31st March 2024

Note 2
Income
Grants Received
Donations
Other Sales
Total Income
Expenditure
Arts Therapists
Art Materials
Travel & Subsistence
Financial Administration
Project Administration
Project Management
Charity management
Employer Pension Costs
Supervison
Organisational & Admin costs
Staff training
Advertising & Publicity
Printing Postage & Stationery
Computer costs
Rent/Lease on Building
Insurance
Professional services (HR)
Accountancy Services
Depreciation
Total Expenditure
Surplus/Deficit for the year
2022/2023
Unrestricted
Funds
Designated fund
Restricted
Funds
Total
Total
-
-
52,408
52,408
39,355
98
-
-
98
2,053
42,062
-
-
42,062
42,147
2023/2024
42,160
-
52,408
94,568
83,555
22,808
12,090
12,980
47,878
32,610
863
-
346
1,208
1,932
662
-
262
924
119
3,251
-
-
3,251
3,979
-
-
7,770
7,770
3,644
217
-
14,166
14,383
23,940
6,774
-
5,076
11,850
5,860
840
-
-
840
560
869
-
225
1,094
2,663
601
-
-
601
829
250
-
723
973
2,360
91
-
207
298
120
121
-
21
142
403
556
-
25
581
889
4,039
-
2,265
6,304
2,157
501
-
-
501
543
-
-
-
1,554
600
-
-
600
1,100
133
-
-
133
133
43,175
12,090
44,067
99,332
85,393
(1,015)
(12,090)
8,341
(4,764)
(1,838)

7

YOUTH ARTS & HEALTH TRUST

Charitable Incorporated Organisation No: 1170692 NOTES TO THE FINANCIAL STATEMENTS cont.d Year ended 31 March 2024

3 Independent examination fees
Fees payable to the independent examiner for:
Independent examination of the financial statements
Other accountancy services
4 Staff Numbers
Charitable activities
Governance
Administration
2023/24
2022/23
100
100
500
500
600
600
0.7
0.7
0
0
0.1
0.1
0.8
0.8

No employees received employee benefits for the reporting period of more than £60,000

5 Taxation

The charity is a registered charity and is therefore exempt from taxation.

6 Tangible Fixed Assets

Tangible Fixed Assets
Fixtures & Fittings
Cost £
As at 1 April 2023 710
As at 31st March 2024 710
710
Depreciation
As at 1 April 2023 399
Charge for the period 133
As at 31st March 2024 532
Net Book Value
As at 31st March 2024 267

8

YOUTH ARTS & HEALTH TRUST

NOTES TO THE FINANCIAL STATEMENTS cont.d Year Ended 31 March 2024

7 Debtors
Trade Debtors
8 Creditors
Amounts falling due within one year
Trade creditors
Pension Liabilities
Tax and NI
Accruals
2023/24
2022/23
£
£
9,171
10,074
9,171
10,074
£
£
4,899
3,207
109
119
349
422
600
-
5,957
3,749

9 Trustees Remuneration & Benefits

During the year no trustees received any remuneration, or travel expenses (2022 - £0)

There were no related party transactions with trustees in the year

9

YOUTH ARTS AND HEALTH TRUST

Charitable Incorporated Organisation No: 1170692 NOTES TO THE FINANCIAL STATEMENTS Year ended 31st March 2024

Income & Expenditure by Fund

Income
Donations
Grants
Sales
Total Income
Expenditure on
Raising Funds
Charitable Activities
Total Expenditure
Surplus/Deficit for the year
Balance b/f 01.04.2023
Transfers
Balance c/f 31.3.2024
Unrestricted
Funds
Designated
Fund
Restricted
Funds
Total
Children In
Need
Cranbrook
Art Group
DCF Core
DCF Feel
Good Grant
R2
DYS Space 2
Enterprise
Development
Fund
ICB
Like Minds
Project
Parenting
Group
(Awards for
All)
SW
Community
benenfit
Fund
Self Heal
98
-
-
-
-
-
-
-
-
-
-
-
-
98
-
-
14,885
3,000
10,000
-
-
-
3,333
12,570
-
740
7,880
52,408
42,062
-
-
-
-
-
-
-
-
-
42,062
42,160
-
14,885
3,000
10,000
-
-
-
3,333
12,570
-
740
7,880
94,568
8,708
-
-
-
-
-
-
-
-
-
-
-
-
8,708
34,467
12,090
7,590
3,000
10,000
600
558
388
-
8,719
5,394
-
7,818
90,624
43,175
12,090
7,590
3,000
10,000
600
558
388
-
8,719
5,394
-
7,818
99,332
(1,015)
(12,090)
7,295
-
-
(600)
(558)
(388)
3,333
3,851
(5,394)
740
62
(4,764)
5,625
12,690
3,142
-
-
586
580
388
-
2,956
5,392
-
200
31,559
6
14
(22 )
2
-
4,616
600
10,437
-
-
-
-
3,333
6,807
-
740
262
26,794

Progress report for AGM 2nd October 2024

Since our last AGM (18/7/23) we have:

Aims for the year ahead: