2021-03-31-accounts - North Yard Community Trust CIO

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Keyham	Neighbourhood Watch	61,881.74	Awarded	4 grants
Plymouth	Argyle Community Trust	6500.00
Provide	Devon	680.00
St Pauls	RC Primary School	f500.00
Tamar View Community Centre		f1500.00	Awarded	3grants

Risk Man	Risk Man	age	m	ent
Key Risk									Strategy for Mitigation
Applications				not being received			by the	Trust	The Board endeavour to use social media,
									radio and published material to advertise the
									work of the Trust. All applicants are required
									to acknowledge the Trust on all printed
									material. The Board will attend any events
									that may benefit the Board and the objects of
									the Board to further advertise,
Grants		not		reaching		the	intended		The Trust ensures that it is clear in all guidance
beneficiaries									and terms and conditions that the funds must
									be used for those within the area of benefit.
									Bank account details are confirmed before
									grant payments are made. Annual monitoring
									forms are completed on all grants. Approval by
									the Board is a requirement forthe subsequent
									year's grants for multiyear funding. Postcodes
									are required to be submitted to monitor
									where the grant Is Impacting. Trustees visit
									projects to enable the Board to have a greater
									understanding of the impact and the use of
									the funding being used.
Grants	not		being		used	for the	objectives		All Monitoring and Evaluation forms are
stated	in	the	Application			Form			checked against the original application.
									Where permission has been sought and
									agreed for a change of use this will be taken
									into consideration. If any part ofthe grant is
									used for purposes other than which were
									stipulated on the application, the Board, as
									per the Terms and Conditions signed before
									any funds are given, can ask for a return of all
									or part ofthe funds.
Grantees		not		completing		Monitoring		and	For multiyear funding no funds are released
Evaluation			Reports		or	sending original			until the Board agree that the Monitoring and
receipts									Evaluation form has been completed and fulfil
									the objectives of the application. Should any

				Monitoring and Evaluations	not be completed,
				the Board reserve the right, as per the Terms
				and Conditions signed by two signatories from
				the organisation, to ask for the return of the
				grant given. Should original receipts not be
				submitted then the Board will request the
				return of the portion of	the grant that is
				unaccounted for.
Lack of resources	to continue		existing grants	When a multiyear grant is	awarded the funds
				are ring fenced. The date	when the payment
				of subsequent years grants	is due to be made
				are recorded and payment	will be made upon
				the successful completion	of the Monitoring
				and Evaluation reports.
Poor Investment	performance			The Trustees accept the	inherent risks that
				may result in some years where the
				investment portfolio declines in value, but
				they review the investment	portfolio and are
				confident in the medium	term with this
				allocation offunds.
Charity Trustees	affected	by	litigation	North Yard Community Trust is a CIQ and so
				should also protect them	personally against
				such risks.

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	2021	2021	2021	2020
				6	6	6	6
Income from:
Ctrarttebte activities
Grants received				176,857		176,857	179,874
Investments
Dividends received				3,588		3,588	3,046
interest receivable				248		248
Total income				180,693		180,693	182,920
Expenditure on:
Raising Funds
Fundraising and	publicity
Ctraritabte actin tles
Cost of operating		the charity		(14,059)		(14,059)	(62,868)
Other expenses			4
Total expenses				(14,059)		(14,059)	(62,868)
Net incomelexpenditure						166,634	120,052
Net movement	in funds for the
year				166,634		166,634	120,052
Reconcrliation of	Funds
Total funds at 31		March 2020		642,434		642,434	522,382
Total funds at 31		March 2021		809,068		809,068	642,434

					Restricted
				Unrestricted	Income	Total	Total
			Notes	funds	Funds	2021	2020
						8
Fixed assets
Tangible assets						562
Investments			5	50,000		50,000	50,000
				50,562		50,562	50,000
Current assets
Debtors			6	315		315	315
Cash at bank	and in	hand		759,601		759,601	593,409
				759,916		759,916	593,724
Creditors: amounts		falling
due within one year			7	(1,410)		(1,410)	(1,290)
Net current assets				758,506		758,506	592,434
Net assets				809,068		809,088	642,434
Unrestricted	funds			809,068		809,068	642,434
				809,068		809,068	642,434

								Total	Prior year
							Funds		funds
								f	f
	Cash flows from operating activities:
	Net cash provided by operating activities					A	163,353		116,736
	Cash flows from investing activities
	Interest and dividends received Purchase of property plant and equipment						3,588 ~749		3,046
	Het cash used in financing activities							2,839	3,046
	Cash flows from financing activities
	Repayments of borrowing
	Het cash used in financing acthrlties
	Change ln cash and cash equivalents	in	reporting
	perfod						166,192		119,782
	Cash and cash equivalents at the beginning			ofthe
	reporting period						593,409		473,627
	Cash and cash equivalents at the end	of	the
	reporting period					B	759,601		593,409
A	Reconciliation of net income to net cash		flow		from	operating		activities
	Net income for the year (as per the statement				of
	financial activities						166,634		120,052
	Adjustments for:
	Depreciation charges							187
	Donated items
	Interest and dividends from investments							(3,588)	(3,046)
	(Increase)/decrease In debtors
	Increase/(decrease) in creditors (exduding		loans)					120	(270)
	Net cash provided by operating activities						163,353		116,736
B	Analysis ofcash and cash equivalents
	Cash in hand						759,601		593,409

			Unrestricted	Restricted
			funds	funds	Total	Total
			2021 f	2021 f	2021 f	2020f
Salaries and		wages	10,666		10,686	10,574
Insurance					344	344
Depreciation			187		187
Advertising			120		120	414
Grant funding		made	1,102		1,102	50,113
Sundries	and	other project costs
			12,439		12,439	61,445
Administration		costs (see note 5)	1,620		1,620	1,423
			14,059		14,059	62,868

Other expenses
		Unrestricted	Restricted
		funds	funds	Total	Total
		2021	2021	2021	2020
		f	f		f
Bank charges and interest		80		80	80
Sundry expenses		10		10	53
Independent examiner		1,530		1,530	1,290
Legal and professional
Applied tc charitable	activities	1,620 ~1400		1,620 ~1,020	1,423 ~1,423
Tangible fixed assets
			Leasehold	Office
			and	equipment
			Freehold	slid
			pl'o pettyf	Furniture f	Total f
Cost
At 1 April 2020
Additions				749	749
Donated equipment
Disposals
At 31 March 2021				749	749
Depreciation
At I April 2020
Charge for the year				187	187
Surplus on revaluation
Withdrawn
At 31 March 2021				187	187
Net book value
At 31 March 2021
At 31 March 2020
Investments
				Other	Other
				investments	investments
				f	f

	Cost
	At 1 April 2020		50,000	50,000
	At 31 March 2021		50,000	50,000
	Other investments		2021f	2020 2
	Unlisted investments		50,000	50,000
6	Debtors		2021	2020
				2
	Other debtors		315	315
7	Creditors: amounts	falling due within one year	2021	2020
	Deferred income
	Other creditors		1,410	1,290
			1,410	1,290

Staffcoats	2021 8	2020f
Staff costs	10,686	10,574
Social security costs
	10,686	10,574