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.
**----- End of picture text -----**
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**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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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: .............................................
Page 3
**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
Page 5
**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...
Page 6
**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...
Page 7
**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.
Page 8
**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**|
|---|---|
This page does not form part of the statutory financial statements
Page 9
## **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
Page 10