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← Institute For Youth Work

2021-03-31-accounts

INSTITUTE FOR YOUTH WORK

Registered Charity Number 1176309

INSTITUTE FOR YOUTH WORK (IYW)

TRUSTEES’ ANNUAL REPORT For the period: 01 April 2020 to 31 March 2021

Section A: Reference and administration details

REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021

CHARITY NAME Institute for Youth Work, also known as “IYW”

REGISTERED CHARITY NUMBER 1176309

CHARITY’S PRINCIPAL ADDRESS AND CONTACT DETAILS

Address: Institute for Youth Work, 86-90 Paul Street, London, EC2A 4NE

Telephone: 0203 962 0249 / Email: enquiries@iyw.org.uk

BANKER:

METRO BANK PLC (London WC1B 5HA, metrobankonline.co.uk)

INDEPENDENT EXAMINER:

Stephen Murray CIPFA, Brighton BN1 6AQ

TRUSTEES OF THE CHARITY

Jaffer Hussain, “Councillor Trustee” Chair (since 15 January 2021) Esther Horner-Aird, “Councillor Trustee” (since 15 January 2021)

Mike Carroll-Owen, “Councillor Trustee” Communications & Website Lead (since 15 December 2017)

Mark McCormack, “Councillor Trustee” Finance Lead (since 15 December 2017 to January 2022) Adam Muirhead, “Councillor Trustee” Chair (2017 to December 2020)

“Councillor Trustees” are elected or appointed in accordance with the Constitution; “Councillor Trustees” are elected or appointed from those elected to the IYW Council. The IYW Council (“the appointing body”) may appoint or elect five [5] charity trustees referred to as “Councillor Trustees”; each term may last two years; there is no limit to the length of term of Councillor Trustee.

INSTITUTE FOR YOUTH WORK

IYW COUNCIL

Charlee Bewsher, Council Member (May 2015) Esther Horner-Aird, Council Member (May 2015) Mike Carroll-Owen, Council Member (May 2015) Adam Muirhead, Council Member (May 2015 to December 2020) Mark McCormack, Council Member (April 2016 to January 2022) Kevin Franks, Council Member (May 2017) Donna Ware, Council Member (May 2019) Jaffer Hussain, Council Member (December 2020) Gemma Lockyer Turnbull, Council Member (December 2020) Nicholas Crossfield, Council Member (December 2020) Rebekah Adenaike, Council Member (December 2020) Robin Lockhart, Council Member (December 2020) Rosie Richter, Council Member (December 2020) Tim Rosier, Council Member (December 2020) Yasmin Washbrook, Council Member (December 2020)

KEY MANAGEMENT PERSONNEL AND STAFF/EMPLOYEESS

In the accounting year no employee earned more than £60,000.

The charity began employing one role, the Development Officer, in February 2020. The role is ultimately responsible for the organisational development of the charity against its strategic aims. Duties incorporate administration of the charity’s activities, including: supporting Trustees and Councillors in governing and leading the charity; administering business areas, such as membership and communications, reporting and organising of events; and, managing internal and external relationships with a range of partners and supporters, organising meetings, attending conferences and other external events. The role is Key Management Personnel.

A second staff post was added to the IYW team, with the same purposes of developing the charity, in June 2021.

IYW is on a resilient footing and is beginning to look at a future strategy. Adam Muirhead, having held Chair since 2015 stood down with the charity in good health and prospects. A membership drive in November 2020 saw an increase in membership, with a new Council elected at the 2020 Annual General Meeting and, subsequently, new trustees and a new Chair, Jaffer Hussain.

Plans for changes in trusteeship took place at the end of December 2021 and into 2022; the Chair led a trustee appointment exercise in Winter 2021/2022; and new Member Councillors were elected in January 2022. 

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INSTITUTE FOR YOUTH WORK

REPORT OF THE TRUSTEES

The Trustees present their report along with the Financial Statements of the charity for the period ended 31 March 2021. The Statements refer to a period 01 April 2020 to 31 March 2021. This Report is the charity’s third report. The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the Financial Statements and comply with the requirements of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' (FRS102) [with reference to smaller charities grossing income less than £500,000].

Section B: Structure, governance and management

Structure and Governance

The charity, a Charitable Incorporated Organisation, is governed by the constitution of Institute for Youth Work adopted 15 December 2017.

The IYW Council meets regularly. IYW Councillors are either elected from the full IYW membership via the Single Transferable Vote (“STV”) or appointed in accordance with governing provisions; elections occur each year for Councillor vacancies arising in any given year.

The Trustees form part of the IYW Council and, from time to time, defer charity management matters to the regular business of the Council. The Trustees meet separately on a planned and ad hoc basis, in person and virtually. Decisions are taken primarily on consensus, when necessary decisions may be taken on a majority vote, with each Trustee having one vote. The Chair may cast a deciding vote in a tie.

Councillor Trustees are appointed or elected by, and from within, IYW Council. The present trustees were appointed by a resolution of the Council. From time-to-time there may be up to two Member Trustees who will be elected by a secret ballot of the Membership at a General Meeting. From timeto-time there may be up to four External Trustees appointed by a resolution of the Trustees; provided such is ratified by a resolution of the Council. The maximum number of charity trustees is eleven [11].

The charity trustees and Council are to give due consideration to the value of diversity and the value of periodic turnover of leadership within the Institute during the [re-]appointment and/or [re-] election of External Trustees.

Relationships

IYW is a Membership organisation of approximately 2,500 members, Youth Workers or persons working within the Youth Sector, for whom it makes representations to wider stakeholder groups and networks, as well as Government, statutory and non-statutory forums, to advance their interests and those of IYW.

IYW is well-connected with a range of organisations and groups in the field of Youth Work; in particular, the charity nominates a representative to form part of the Commonwealth Alliance of Youth Work Associations (CAYWA). IYW was established within the National Youth Agency (NYA) before establishing itself as an independent group.

The Paul Hamelyn Foundation has been a keen supporter of IYW; IYW has been a grateful beneficiary of the trust in receiving insight, contacts and advice to support its development as an organisation; as well as receiving grant funding. Paul Hamelyn Foundation granted IYW £13,150 in 2017; and approved larger grant funds in 2019 to allow the charity to employ a staff member, further supporting the charity’s organisational development. These funds, amounting to £30,000 in the year-ended 2020 and £30,000 in the year-ending 2021, are to be held to employ staff to support 

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the charity, spread over multiple years; for avoidance of doubt, the full grant of £60,000 is received over two years, but the funds will be spent employing staff over a longer time period in order to maximise the impact of funds and ensure deployment is best suited to the charity’s aims and needs.

Paul Hamelyn Foundation have confirmed a further grant contribution in 2022 of £20,000, which aims to support the charity’s resilience as the global Covid-19 pandemic subsides and as the charity transits to a more long-standing funding model.

Risk management

The Trustees actively review the major risks which the charity faces on a regular basis; where necessary, systems have been established for monitoring or protecting against risk. The most considerable organisational threats are as follows, which are discussed regularly in Council meetings:

The IYW responds to these risks via the following means:

The free funds of IYW have been maintained over the reporting period at a level equivalent or above an annual year of expenditure (based upon the prior financial years) as well as modest retention to allow charitable initiatives in the coming years. There is periodic review of controls over financial systems and a network of supporter stakeholders, provide sufficient tangible and intangible resources in the event of adverse conditions.

Public benefit

The Trustees confirm they have given due consideration to the Charity Commission guidance on public benefit in forming their future plans. IYW provides a public benefit by: 

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INSTITUTE FOR YOUTH WORK

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the IYW Constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

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INSTITUTE FOR YOUTH WORK

Section C: Objectives and activities

Objectives of the charity

The objectives of the charity are:

The charity had a strategic plan in operation during the reporting period, which identified its mission as that to promote and sustain Youth Work, raising quality and gaining professional recognition as a distinct practice and profound methodology.

Over the reporting period the charity has advanced objectives set out in plan:

To increase membership to individuals to the Institute for Youth Work

To ensure that the Institute for Youth Work is the recognised professional body for Youth Workers

To secure the future of Youth Work through policy and law 

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INSTITUTE FOR YOUTH WORK

Section D: Achievements and performance

Over the last 12 months the Institute has made significant inroads in achieving our strategic objectives. This has included but not been limited to:

  1. Information sharing: keeping our members informed of sector updates including government announcements as well as what sector partners are doing locally, regionally and nationally. We also share information about training and development, funding, insurance, unions and much more.

  2. Knowledge sharing: through our thematic fora’s knowledge around widely regarded sector practice is shared as well as knowledge on working with specific communities. This has enabled us to develop and coordinate communities of practice including bringing together Gypsy Roma Traveller workers, LGBTQ+ workers and Muslim workers.

  3. Collaboration locally, regionally and nationally: we collaborate with our sector partners across the country including but not limited to the Department for Digital, Culture, Media and Sports (the current “governmental home” for the sector), the National Youth Agency, UK Youth, The Scouts, Girlguiding, the British Youth Council, the Regional Youth Work Units and many more attendance and involvement in Youth Sector events & discussions, including presence on other national body round tables

  4. A concerted and consistent effort has been made to promote IYW and engage with members (and potential members) through our social media. For example, weekly features such as Funding Fridays and Sunday Spotlight on local level youth initiatives. In addition to social media updates there has also been development of the YouTube channel and a monthly newsletter.

  5. We took the conscious decision to suspend membership fees during Youth Work Week 2020 and this suspension continued until the end of the reporting period. This was a deliberate move to support and enable more youth workers, particularly grassroots practitioners to join the Institute so that further information, advice and guidance could be provided. This has maintained a good number of members and fostered good front facing support and relationships with members. A membership sub group with IYW Council members was created to support development and improvements to the membership offer. We have spent considerable time analysing and monitoring our membership.

  6. Our membership of the Commonwealth Alliance of Youth Workers Associations (CAYWA) has enabled a contribution to worldwide colleagues and brought a richness to our own understanding of the work of respective professional associations. Indeed, in most other countries it is the professional association that performs the majority of professional functions for the sector, including professional accreditation, quality assurance, workforce development and national policy work. The IYW continues to play its small but significant part in all of these things here in this country, being a strong and independent advocate for members wherever we find ourselves. By members, for members.

  7. One of the biggest decisions we made during the year was around the register. At the point of being ready to launch and build the Register with our developers, we found that other work in sector was being developed by other key sector partners which would perform the functions of a Register for Youth Workers more effectively and may be supported by significant Government funding. IYW continues to be engaged in the project, however takes opportunity from the experience to put focus to building the professionalism of the sector and providing a professional home for Youth Workers.

  8. IYW continues to attend the national Education and Training Standards Committee (ETS) where it represents members views, ensuring these are inputted into quality assurance decisions; the charity also supported the redevelopment of validation processes for professionally qualifying courses for Youth Work. We are also valuable contributors to the National Youth Advisory Board (NYAB) where we continue to collaborate with key sector organisations regionally and nationally for the benefit of our workers. 

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INSTITUTE FOR YOUTH WORK

Further Strategic Developments

We are continuing to review our strategic objectives. We developed a strategy in 2018 which would take us through to 2023, however since that time we have experienced the pandemic as well as continued austerity. This has meant we have to reflect on who we are, why we exist, what we do and how we best support our youth workers. As such a new strategic framework was developed in 2021 which will take the organisation from 2022 – 2025.

A new member of staff was recruited in the summer of 2021. This new role added capacity to the existing Development Officer and, long term, aims to ensure the IYW is sustainable and resilient by:

a) Introducing a range of processes and procedures so that we could efficiently achieve our strategic objectives

b) Diversifying our income streams so that we can do even more good work

c) Providing strong and stable leadership to the organisation including supporting trustees to carry out of their roles effectively.

With a newly elected Council in November 2020 and a growth in membership as well as taking into account the impact of Covid-19, we decided it was time to review and update our strategy. We acknowledged that:

Following deep engagement with Members and other internal and external stakeholders, a new strategic plan for 2022 to 2025 was launched in 2021. In this plan:

Section E: Financial review

The noteworthy difference in financial activities in the reporting year is the inclusion of increased grant funding and the employment of paid personnel.

Income

The charity’s principal sources of funding during the period were membership fees and grant funding. The Paul Hamelyn Foundation (PHF) gifted the charity a grant in 2017 and again in 2020 and 2021, which was retained and used throughout the reporting period to advance the charity’s objectives and, later, to employ staff to support the development of the charity against its objectives. The grant was gifted to IYW on the basis of: strategic and organisational development and promotion; and work on a Youth Work Register and the national ‘Licence to Practice’ framework or similar professionalisation activities. Changes to the grant use in 2021 were approved with PHF as the charity stepped back from its role in developing a register for Youth Workers, instead establishing a Memorandum of Understanding with the National Youth Agency and developing links with partners, whilst also turning IYW’s focus towards member relations and activities. Restricted expenditure referenced in the Statement of Financial Activities is therefore made up of any and all 

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INSTITUTE FOR YOUTH WORK

expenditure relating to this. Restricted income is expected to be spent over subsequent and multiple years in acknowledgement of the fledgling nature of the charity seeking development to better represent Youth Workers in future and in an evolving sector.

In the reporting period membership was impacted upon by the global Coronavirus pandemic. In 2021 membership fees were suspended in order to promote member take-up and sustain dialogue and connectivity in the Youth Work community during the pandemic, whilst also preparing the charity to re-introduce a new membership fee structure in 2022.

Expenditure

Direct expenses refer to the charity’s conference and annual general meetings; member representation; and promotion, marketing and communications within the network of members.

Overheads refer to Council meetings and administration, staff costs and office costs.

Reserves policy

Free reserves at 31 March 2021 were £7,688. The charity believes Youth Work and the Youth Sector has been subject to radical reductions in funding and Government support over the decade to 2019, which has strengthened the case and need for the mission of IYW. The charity maintains an informal policy of retaining free reserves to a minimum of £100,000, which would support the employment of a modest staff team and relative activities akin to the charity’s envisaged support provision for the Youth Work sector. The charity’s strategy is to grow and develop sustainable income streams.

The charity aims to increase its funds exponentially in order to invest in its charitable activities; it is expected that, as funds and charity activity grows and becomes established, a replacement reserves policy will become more central to the management of risk in the charity and be less pliable to year-on growth (i.e. as the need for growing held-resource becomes less relevant to the strategic development of the charity).

The charity restricted reserve is restricted to organisational development activities, in particular the employment of staff for these purposes. IYW is a fledgling charity and it has a stated aim to grow sufficiently in order to better represent IYW Members and the Youth Work profession.

In addition to its free reserves, the charity held £44,759 of restricted funds held for the strategic and organisational development of the charity under a grant relationship with Paul Hamelyn Foundation; the restricted status of the grant is under constant review with the funder and may be reviewed in future accounts.

Approved by the Board of Trustees on 28 January 2022 and signed on behalf of the Board.

Jaffer Hussain Trustee, Chair of Board of Trustees 

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INSTITUTE FOR YOUTH WORK

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF INSTITUTE FOR YOUTH WORK

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Institute for Youth Work (IYW)

members of Institute for Youth Work (IYW)
On accounts for year ended
Set out on pages		 31 March 2021 Charity no (if any) 1176309
(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2021. Responsibilities and basis of As the charity's trustees, you are responsible for the preparation of the accounts in report accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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 accounts to be reached.

Date: 26/01/2022 Signed: Name: Stephen Murray Relevant professional CIPFA qualification(s) or body (if any):

Address: 1 Stanford Court, Stanford Avenue, Brighton, BN1 6AQ 

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Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose . 

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INSTITUTE FOR YOUTH WORK

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

Basis of independent examiner’s statement

“My examination was carried out in accordance with 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 the 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 which gives me reasonable cause to believe that in, any material respect, the requirements: 

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INSTITUTE FOR YOUTH WORK

STATEMENT OF FINANCIAL ACTIVITIES

Period ended 31 March 2021

Year-End Date:
Financial Year
INCOME
Donations
Charitable activities
Other trading activities
Investments
Other
Total Income
EXPENDITURE
Raising funds
Charitable activities
Other
Total Expenditure
Net expenditure for the year
being net movement of funds
Funds brought forward, 01/04/2020
Funds carried forward, 01/04/2021		 31/03/2021
2021
Unrestricted Restricted
Total
Funds
£0
£30,000
£30,000
£2,473
£0
£2,473
£0
£0
£0
£0
£0
£0
£0
£0
£0
£2,473
£30,000
£32,473
£0
£0
£0
£213
£18,682
£18,894
£505
£0
£505
£718
£18,682
£19,399
£1,755
£11,318
£13,073
£5,933
£33,441
£39,374
£7,688
£44,759
£52,447		 2020
Total
Funds

£30,000

£2,803

£0

£0

£0

£32,803

£79

£4,951

£246

£5,276

£27,527

£11,847

£39,374		 NOTES
3






3

The charity has no recognised gains or losses other than the above net movement in funds for the year.

All results derive from continuing operations. 

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INSTITUTE FOR YOUTH WORK

BALANCE SHEET

Year-End Date:
31/03/2021
Financial Year
2021

ASSETS

Fixed Assets

Total Fixed Assets
£0

Current Assets

1100 - Debtors
£684
1200 - Bank Account
£52,723
Total Current Assets
£53,407

TOTAL ASSETS
£53,407
LIABILITIES

Current Liabilities/Creditors (falling within one year)
2100 – Creditors
£196
2250 - Net Wages
£1,262
Total Current Liabilities
£1,459

TOTAL LIABILITIES
£1,459

TOTAL NET ASSETS
£51,948

FUNDS OF THE CHARITY
Restricted Funds
£44,759
General Fund
£7,189
TOTAL FUNDS
£51,948		 2020







£39,871








£496


£39,375


£33,097
£6,277

£13,358		 NOTES

These Financial Statements were approved by the Trustees on 28/01/22 and signed on their behalf by

Jaffer Hussain

Trustee, Chair of Board of Trustees 

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INSTITUTE FOR YOUTH WORK

NOTES TO THE FINANCIAL STATEMENTS Period started 01 April 2020 and ended 31 March 2021

1 ACCOUNTING POLICY

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of preparation of financial statements

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).

The Charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are presented in sterling, which is the functional currency of the charity.

The Charity is registered in England and Wales. The address of the Charity’s registered office is shown on page 1.

1.2 Going Concern

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Donations and grants are accounted for as received. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income until either those conditions are met in full, or their fulfilment is wholly within the control of the charity is deferred and not recognised and it is probable that those conditions will be fulfilled in the reporting period.

There are no gifts in kind or donated facilities or services to report. No amounts are included in the financial statements for services donated by volunteers.

Income from other trading activities includes income earned from activities to raise funds for the charity and/or fund charitable activities, including delegate fees for the IYW conference and sponsorship. Income is received in exchange for supplying goods and services in order to raise 

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INSTITUTE FOR YOUTH WORK

funds and/or fund charitable activities and is recognised when entitlement has occurred. Income received in advance for a future event is deferred until the criteria for income recognition has been met.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Costs of raising funds include costs associated with attracting voluntary income and the costs of commercial activities of the charity. Expenditure on charitable activities comprises all expenditure directly relating to the objects of the charity.

1.6 Tangible fixed assets and depreciation

Fixed assets are included at 100% of the cost of asset. Tangible fixed assets are stated at cost and are accounted for at 100% of cost in the reporting.

The charity has no formal depreciation policy as it has limited infrastructure for the management of assets as a fledgling charity. As the charity grows the charity will expect to introduce asset depreciation/costing protocols consistent with regular charity practice.

1.7 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. Accrued income is included at the best estimate of the amounts receivable at the balance sheet date.

1.8 Creditors

Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.

1.9 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.10 Taxation

The charity is not registered for VAT purposes as the charity turnover does not meet the threshold for registration.

2. RELATED PARTY TRANSACTIONS

During the period the following payments were made by the charity to Trustees of the charity. All payments referred to the approved reimbursement of expenses necessary to the functioning of the charity.

Adam Muirhead: £1,403 (2020, £517) Mike Carroll-Owen: £473 (2020, £535)

TOTAL: £1,877 (2019, £1,052) 

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INSTITUTE FOR YOUTH WORK

3. INCOME AND EXPENDITURE ANALYSIS

In accordance with the Charity SORP, this note (3) provides analysis of income and expenditure included in the headings in the Statement of Financial Activities (SOFA) as well as a breakdown of income and expenditure.

Within the INCOME lines of the SOFA:

Within the EXPENDITURE lines of the SOFA:

INCOME AND EXPENDITURE BREAKDOWN
31/03/2021
31/03/2020
INCOME
Individual Memberships
£1,980
£1,403
Organisational Memberships
£493
£1,400
Grants
£30,000
£30,000
Conference Revenue
£0
£0
Refunds
(£505)
(£79)
Total Income
£31,968
£32,724
EXPENDITURE
Member Representation
£2,097
£952
Council Meetings
£0
£18
Conference Costs
£0
£73
Business Dev. (incl. promotions etc.)
£0
£0
Website Costs
£608
£310
General Admin/Office Costs (incl. accountancy)
£1,368
£595
Staffing
£14,822
£3,249
Total Expenditure
£18,894
£5,197
NetSurplus/Loss
£13,073
£27,527		 
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INSTITUTE FOR YOUTH WORK

The charity SORP also requires published information on the allocation of costs, in particular the deployment of grant funds. These are shown below.

ANALYSIS OF FUND USE 31/03/2021
General Fund PHF Grants
INCOME
Individual Memberships £1,980 £0
Organisational Memberships £493 £0
Grants £0 £30,000
Conference Revenue £0 £0
Refunds (£505) £0
Total Income
£1,968		 £30,000
EXPENDITURE Support Cost allocation
Member Representation £0 £2,097 40% £6,719
Council Meetings & Coordination £0 £0 30% £5,039
Conference & Events Costs £0 £0 25% £4,199
Business Dev.(incl.promotions etc.) £0 £0 5% £840
Website Costs £0 £608 'Support cost' expense
General Admin/Office Costs(incl. acco u
£213		 £1,156
Staffing £0 £14,822
Total Expenditure
£213		 £18,682 £16,798
Net Surplus/Loss £1,755 £11,318 
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