Digitally Signed Document Document ID: 5C9CF024F82947
Document Details:
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Filename: Amended ESTEEM accounts.pdf
Client of: PJCO
Signature Details
Name: Paul Hudson
Email: paul.hudson@esteem.org.uk
Date & Time: 07/04/2022 12:34:17 (BST)
IP Address: 81.98.169.224
Paul Hudson confirms that the information is correct and
Signing Statement:
complete to the best of their knowledge and belief.
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Please keep a copy of this document for your records.
REGISTERED CHARITY NUMBER: 1187128
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
FOR ESTEEM
Peter Jarman LLP trading as Peter Jarman & Company 1 Harbour House Harbour Way Shoreham by Sea West Sussex BN43 5HZ
ESTEEM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 8 |
| Detailed Statement of Financial Activities | 9 | to | 10 |
ESTEEM
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
The trustees present their report with the financial statements of the charity for the period 1 June 2020 to 31 March 2021. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ESTEEM is a Sussex based charity, which offers young adults aged 14-26 opportunities to develop confidence, build life-skills and improve well being. We do this by providing relevant volunteering experience throughout all elements of our organisation. ESTEEM encourages and values input from young people and we champion a youth-led approach.
Offering support through 1:1 vocational mentoring and training, in a safe and supportive environment. ESTEEM enables young adults to help themselves to identify life-goals and eases the transition into meaningful employment, education and training.
FINANCIAL REVIEW
Financial position
The activities, assets and liabilities of the unincorporated charity, ESTEEM (Charity Registration Number 1058540) were transferred to the incorporated charity ESTEEM, a charitable incorporated organisation (‘CIO’) (Charity Registration Number 1187128), with effect from midnight on 31 May 2020. This is therefore the first set of statutory financial statements for the new legal entity since it started operating.
As a consequence of the transfer, the £92,184 value of the net assets of charity 1058540, is included both in the £366,871 total income and the £102,179 net income.
Reserves policy
The trustees endeavor to maintain sufficient reserves in order to ensure that funds remain available to enable ESTEEM to continue to operate in the furtherance of the objectives of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document. The nature of the governing document is a Constitution. The charity is registered as a charitable incorporated organisation with the Charity Commission.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1187128
Principal address
Esteem, The Old School House Ham Road BN43 6PA Shoreham-by-Sea West Sussex
Trustees
Ms R Rieley Mr P Hudson Mr N Lecky (appointed 27.1.21) Mr J Brinicombe Ms S O'Dowd (appointed 10.3.21) Ms R Batten (appointed 1.5.21)
Page 1
ESTEEM
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Peter Jarman FCCA Association of Chartered Certified Accountants (ACCA) Peter Jarman LLP trading as Peter Jarman & Company 1 Harbour House Harbour Way Shoreham by Sea West Sussex BN43 5HZ
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees 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 and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ESTEEM
Independent examiner's report to the trustees of Esteem
I report to the charity trustees on my examination of the accounts of Esteem (the Trust) for the period 1 June 2020 to 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Association of Chartered Certified Accountants (ACCA) which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Peter Jarman FCCA Association of Chartered Certified Accountants (ACCA) Peter Jarman LLP trading as Peter Jarman & Company 1 Harbour House Harbour Way Shoreham by Sea West Sussex BN43 5HZ
Date: .............................................
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ESTEEM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 18,041 Other trading activities 2 395 Other income 39,770 Total 58,206 EXPENDITURE ON Charitable activities General 14,708 Other 240 Total 14,948 NET INCOME 43,258 Transfers between funds 6 (22,709) Net movement in funds 20,549 TOTAL FUNDS CARRIED FORWARD 20,549 |
Restricted fund £ 252,251 - 56,414 308,665 249,312 432 249,744 58,921 22,709 81,630 81,630 |
Total funds £ 270,292 395 96,184 366,871 264,020 672 264,692 102,179 - 102,179 102,179 |
|---|---|---|
The notes form part of these financial statements
Page 4
ESTEEM
BALANCE SHEET 31 MARCH 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 4 210 CURRENT ASSETS Cash at bank and in hand 20,339 CREDITORS Amounts falling due within one year 5 - NET CURRENT ASSETS 20,339 TOTAL ASSETS LESS CURRENT LIABILITIES 20,549 NET ASSETS 20,549 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 1,498 89,087 (8,955) 80,132 81,630 81,630 |
Total funds £ 1,708 109,426 (8,955) 100,471 102,179 102,179 20,549 81,630 102,179 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
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ESTEEM
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its useful life.
Plant and machinery - 20% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
Fundraising events
£ 395
continued...
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ESTEEM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2021.
4. TANGIBLE FIXED ASSETS
| Plant and machinery £ COST Additions 1,842 DEPRECIATION Charge for year 368 NET BOOK VALUE At 31 March 2021 1,474 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors MOVEMENT IN FUNDS Net movement in funds £ Unrestricted funds Unrestricted funds 43,258 Restricted funds Restricted funds 58,921 TOTAL FUNDS 102,179 |
Computer equipment £ 324 90 234 Transfers between funds £ (22,709) 22,709 - |
Totals £ 2,166 458 1,708 £ 8,955 At 31.3.21 £ 20,549 81,630 102,179 |
|---|---|---|
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6. MOVEMENT IN FUNDS
continued...
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ESTEEM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted funds Restricted funds Restricted funds TOTAL FUNDS |
Incoming resources £ 58,206 308,665 366,871 |
Resources Movement expended in funds £ £ (14,948) 43,258 (249,744) 58,921 (264,692) 102,179 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2021.
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ESTEEM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
£
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Gift aid Grants Donated services and facilities Other trading activities Fundraising events Other income Assets brought in from charity 1058540 on 01.06.2020 Employment allowance Total incoming resources EXPENDITURE Charitable activities Postage and stationery Publicity and promotions Venue hire Volunteer expenses Insurance Travel Staff well-being Kitchen Cleaning Wages Tax & social security Pensions Recruitment Training Subcontractors Activity resources Social enterprise Office rent & upkeep |
1 15,526 22 252,928 1,815 270,292 395 92,184 4,000 96,184 366,871 174 3,068 6,895 2,781 1,283 2,708 952 1,603 770 156,084 11,433 2,771 1,839 2,777 27,045 4,338 185 1,742 228,448 |
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This page does not form part of the statutory financial statements
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ESTEEM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JUNE 2020 TO 31 MARCH 2021
| Charitable activities Other Bank charges Depreciation of tangible fixed assets Support costs Finance Professional fees Information technology Telephone Office equipment Subscriptions Total resources expended Net income |
£ 214 458 672 8,258 2,935 22,983 1,396 27,314 264,692 102,179 |
|---|---|
This page does not form part of the statutory financial statements
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