## **Charity Commission** ## **YELLOWSANDS FOUNDATION** Charity registration number: 1181005 ## **Financial period** ## **Financial period start date** 01/01/2020 ## **Financial period end date** 31/12/2020 ## **Income and spending** ## **Income £** £13,844 ## **Spending £** £10,712 ## **Fundraising - professional fundraiser** **Did your charity raise funds from the public?** Yes **Did the charity work with any professional fundraisers?** No ## **Fundraising - commercial participator** ## **Did your charity work with any commercial participators?** No ## **Grantmaking** **Was grant making the main way your charity carried out its purposes?** No ## **Government contracts** **During the financial period for this annual return, d, id the charity receive income from contracts (other than grant agreements) with central government or local authorities?** No ## **Government grants** **During the financial period for this annual return, did the charity receive income from grants from central government or local authorities?** No ## **Income from outside the UK** **Did your charity receive income from outside the UK ?** No **Spending outside England & Wales** **Did your charity operate outside England and Wales?** No ## **Trading subsidiaries** ## **Did the charity have any subsidiaries?** No ## **Trustee payments** **Did any of the trustees receive any remuneration, payments or benefits from the charity other than refunds of legitimate trustee expenses?** No ## **Did any of the trustees resign and then take up employment with the charity?** No ## **Employees' salaries** **Did any of your charity's staff receive total employee benefits of £60,000 or more? Select No if your charity does not have any staff or does not pay any staff.** No **For your highest paid member of staff only, what was the total value of their employee benefits?** **(For example if your highest paid member of staff received £35,000 enter 35000). If you do not have any staff or did not pay any staff, enter 0 (zero)).** £0 ## **Volunteers** **How many UK volunteers, excluding trustees, did the charity have during the financial period?** 30 ## **Financial controls** ## **Did your charity review its internal financial controls?** Yes ## **Safeguarding** **Has the charity obtained a standard, enhanced or enhanced with barred lists DBS check on all trustees, employees and volunteers who are in roles that are eligible for these checks? Select Yes if there are no trustees, employees or volunteers in roles that are eligible for these types of DBS checks.** Yes ## **Privacy statement** ## **Declaration** ## **Your role at the charity (select one):** ## ⊠ Trustee |**Given names**|Spencer| |---|---| ||| |**Family name**|John| ||| |**Telephone**|07971333285| |**number**|| ||| |**Email**|spencer.john@yellowsandsfoundation.com| ||| |**Date submitted**|09/12/2021| **It is a criminal offence under section 60 of the Charities Act 2011 for anyone to knowingly or recklessly provide false or misleading information to the commission; this includes suppressing, concealing or destroying documents.** Yellowsands Foundation Annual Report and Unaudited Financial Statements For the year ended 31 December 2021 Charity Registration No. 1181005 Yellowsands Foundation Contents PAGE Legal and Administrative Information Statement of Financial Activities Balance Sheet Notes forming part of the Financial Statements Yellowsands Foundation Legal and Administrative Information Charity Name Yellowsands Foundation Charity Number 1181005 Trustees Brett Huggins Clare Scott Spencer John Registered Office 36 Glengarry Road London SE22 8QD Accountants Moore Kingston Smith LLP 9 Appold Street London EC2A 2AP Bankers Natwest 61 Sydenham Road London SE26 SHA Page One Yellowsands Foundation Statement of Financial Activities For the year ended 31 December 2021 Unrestricted Funds Total year ended 2021 Total period ended 2020 Note 2021 INCOME AND ENDOWMENTS FROM: Donations and Legacies 113 113 13,844 Total 113 113 13,844 EXPENDITURE ON: Charitable activities 4,566 4,566 10,712 Total 4,566 4,566 10,712 Net expenditure and net movements in funds (4,453) (4,453) 3,132 RECONCILIATION OF FUNDS: Total Funds bought forward 2,364 2,364 768 Total Funds carried forward 2,089 (2,089) 2,364 Page Two Yellowsands Foundation Balance Sheet As at 31 December 2021 2021 2020 Note Current Assets Cash at bank 1,611 1,611 4,934 4,934 Creditors Amounts falling due within one year (3,700 (2,570) Net current assets (2,089) 2,364 Net assets (2,089) 2,364 Funds Unrestricted funds (2,089) 2,364 Total Funds 2,089 2,364 Approved by the Trustees on..........-....... and signed on their behalf by: Spencer John Trustee Charity No. 1181005 Page Three Yellowsands Foundation Notes to the Financial Statements For the year ended 31 December 2021 Accounting Policies Charity information Yellowsands Foundation is a charity registered in England and Wales. The registered office is 36 Glengary Road, London, SE22 8QD. 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) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound. The principal accounting policies, which are applied consistently, are set out below. Going Concern The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concem. The trustees have considered the impact the Covid-19 when making their assessment. Although the charity is in a net liabilities position at year end the expectation is that income will remain steady or increase, while expenditure entirely consists of charitable activities and so in future years will be matched against income. Incoming Resources All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability. Resources Expended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Fund Accounting The charity receives donations and uses these as sources for delivery of the aims of the Foundation. Taxation The entity is a registered charity and has no trading income, and is therefore exempt from taxation. Allocation of overhead and support costs Overhead and support costs have been allocated to charitable activites. The allocation of overhead and support costs is analysed in note 4. Critical Accounting Estimates and Areas of Judgement In application of the Charity's accounting policies, the board is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. There are no estimates and assumptions which are believed to have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities in the current period. Page Four Yellowsands Foundation Notes to the Financial Statements (Continued) For the year ended 31 December 2021 Financial instuments Debtors and creditors re￿1vable or payable within one year of the reporting date are carried at initially at their transaction pri￿ and subsequently at settlement value. Debtors and creditors that are receivable or payable in more than one year and not subject to a market rate of interest are measured at the present value of the expected future receipts or payment discounted at a market rate of interest. Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments valued at the amount prepaid after taking accounts of any trade discounts due. Cash and cash equivalents include cash at banks and in hand and short term deposits with a maturty date of three months or less. Creditors and provisions are recognised where the charity has a present obligation ￿SUlting from a past event that will probably ￿sUIt in the transfer of funds to a third party and the amount due to settle the obligation can be rneasured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Net expendlture for the year This is stated after charging: Unrestrlct 2021 Unrestricted 2020 Accountancy fee 1,850 2,170 Voluntary Income - Donations and Legacles Unrestrlcted 2021 Unrestrlcted 2020 Donations 113 13,844 113 13,844 Page Five Yellowsands Foundation Notes to the Financial Statements (Continued) For the year ended 31 December 2021 Expenditure Unrestricted 2021 Unrestricted 20 Support costs allocated to activities Cost of Fundraising Legal Fees Accountancy Fees Marketing Trustee Expenses 216 108 1,850 2,170 500 2,778 Charitable activities: Grants Ironman programme FPS Equipment to School Summer School Cost 2,500 2,000 3,353 2,581 Total expenditure 4,566 10,712 Employee Costs The average monthly number of employees were: 2021 2020 Average number of employees Trustees and Key Management Personnel None of the trustees received remuneration in the period. No trustee received reimbursement of expenses (2020: £nil). Trustees also paid 2021: £nil (2020: £nil) in legal fees on behalf of the charity which were later reimbursed. Creditors: Amounts falling due wlthin one year 2021 2020 Accruals Other creditors 1,850 1,850 2,570 3,700 2,570 Page Six Yellowsands Foundation Notes to the Financial Statements (Continued) For the year ended 31 December 2021 Movement in Funds At 1 January 2021 Income Expenditure Transfers At 31 December 2021 Unrestricted Funds 2,364 113 (4,566 (2,089 At 1 January 2020 Income Expenditure Transfers At 31 December 2020 Unrestricted Funds (768 13,844 10,712 2,364 Allocation of Net Assets between Funds Current Assets Current Liabilities Total 2021 Unrestricted funds 1,611 3,700 2,089 Total funds 1,611 3,700) (2,089) Current Assets Current Liabilities Total 2020 Unrestricted funds 4,934 (2,570 2,364 Total funds 4,934 (2,570 2,364 10. Related Party Transactlons There were no related paty transactions. Page Seven