2021-03-31-accounts - Market Weighton Youth Action Group

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Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP (Charitable Incorporated Organisation)

FINANCIAL STATEMENTS

Period ended

31 March 2021

Phoenix Accountancy and Business Consultancy Limited

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Contents to the Financial Statements For the period ended 31 March 2021

	Page
Trustees Annual Report	3
Independent Examiners’ Report	8
Receipts and Payments Account	9
Statement of Assets and Liabilities	10
Notes to the Financial Statements	11

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Trustees Annual Report For the period ending 31 March 2021

The Trustees present their report with the independently examined financial statements of Market Weighton Youth Action Group, a Charitable Incorporated Organisation (CIO), for the period 30 June 2020 to 31 March 2021.

Reference and Administrative Details of the Charity, its Trustees and Advisers.

Name of charity: Market Weighton Youth Action Group Charity Registration Number: 1190175 Contact Address: Wisteria House 1a Sandholme Market Weighton York YO43 3ND

Trustees

Names of trustees who served during the period were as follows: Alison Van Der Kroon Chair Helen Baxter Treasurer Ellen Van Der Kroon Secretary John Marshall Devan Witter Angela Leeman

Independent Examiner Sian Broughton ACMA, CGMA, DChA, MAAT Chartered Management Accountant, Director of: Phoenix Accountancy and Business Consultancy Limited Morley’s Cottage Morley’s Yard Walkergate Beverley East Yorkshire HU17 9BY

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Trustees Annual Report For the period ending 31 March 2021

Bankers

NatWest 3 Westborough Scarborough YO11 1UH

Structure, Governance and Management

Governing Document

Market Weighton Youth Action Group is a Charitable Incorporated Organisation (CIO) governed by its constitution (Association model), registered with the Charity Commission on 30 June 2021.

Recruitment and Appointment of Trustees

The Constitution outlines the procedure for the appointment of Trustees. There must be a minimum of 3 trustees and a maximum of 11.

At each AGM, one third of the Charity Trustees shall resign from office but may be reappointed. A Charity Trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed after an interval of at least one year.

Trustee Induction and Training

All Trustees are provided with a copy of the Constitution, a briefing on the roles and responsibilities of Charity Trustees and a copy of the CIO’s latest Trustees Annual Report and financial statements.

Organisational Structure:

The charity is managed by the Board of Trustees and is responsible for all strategic decisions. Trustees are made aware that any conflicts of interest must be declared and minuted.

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Trustees Annual Report For the period ending 31 March 2021

Risk Management

The major risks to which the charity is exposed, as identified by the Trustees, are regularly reviewed and systems have been established to mitigate those risks.

Objectives and Activities

The purpose of the charity as set out in the constitution is:

To Advance in life and relieve needs of young people in Market Weighton and the surrounding area through:

a) The provision of recreational and leisure time activities provided in the interests of social welfare, designed to improve their conditions of life;
b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

The Trustees have given regard to the Charity Commission guidance on public benefit.

Achievement and Performance

Review of Activities 2020 to 2021

Market Weighton Youth Action Group set up as a Charitable Incorporated Organisation in this financial period and transferred the assets and liabilities from the unincorporated association.

We have been successful in accessing some funding and have just started a Youth Outreach Project in Market Weighton.

Financial Review

Reserves policy

The charity is very new and will look to implement a reserves policy in the next accounting period

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Trustees Annual Report For the period ending 31 March 2021

Principal Funding Sources

Our principal funding sources for the current period came from a transfer of monetary funds from the unincorporated association Market Weighton Youth Action Group and grants. We received £10,000 from Two Ridings Community Foundation, Crime Reduction fund to develop a Youth Outreach Project.

Statement of Disclosure of Information to the Independent Examiner

We, the trustees of the Charity who held office at the date of approval of these financial statements, each confirm that so far as we are aware:

There is no relevant information of which the Charity's Independent Examiner is unaware.
All steps have been taken to make ourselves aware of any relevant information and to establish that the Charity's Independent Examiner is aware of that information.

Statement of Trustees' Responsibilities

Charity Law requires the Trustees to prepare financial statements for each financial period which gives a true and fair view of the state of affairs of the Charity and of the excess of income over expenditure for that period.

The Trustees confirm that the accounts comply with the above requirement. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

During the period the income of the Charity was below £250,000, therefore in line with Charity Legislation the trustees have elected to prepare their accounts on the Receipts and Payments basis.

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Trustees Annual Report

For the period ending 31 March 2021

Independent Examiner

The Independent Examination was undertaken by Sian Broughton, ACMA, CGMA, DChA, MAAT, Chartered Management Accountant, Director of Phoenix Accountancy and Business Consultancy Limited.

By order of the Board,

The signatures have been removed for security purposes

Alison Van Der Kroon Trustee

Date: 31/01/2022

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Independent Examiner’s Report to the Members of Market Weighton Youth Action Group

I report on the accounts of Market Weighton Youth Action Group for the period 30 June 2020 to 31 March 2021, which are set out on pages 9 to 12.

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 financial period under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act;
to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145 (5)(b) of the Charities Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention

1) which gives me reasonable cause to believe that in any material respect the requirements
- a. to keep accounting records in accordance with section 130 and 131 of the Charities Act; and
b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

The signatures have been removed for security purposes

Sian Broughton ACMA, CGMA, DChA, MAAT Chartered Management Accountant, Director of Phoenix Accountancy and Business Consultancy Limited Morley’s Cottage, Morley’s Yard, Walkergate Beverley, East Yorkshire HU17 9BY

Date: 31/01/2022

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Receipts and Payments Account For the period ended 31 March 2021

Notes RECEIPTS 1 Grants: Tribune Trust Taylor Wimpey Groundwork (UK) Two Ridings Community Foundation Hey Smile Foundation Ann Watsons Trust Donations PAYMENTS Net Surplus/(Deficit) for the period Cash & Bank Balances brought forward Transfer from Market Weighton Youth Action Group (CIO) 5 Cash and Bank Balances carried forward	2021 2021 2021 Unrestricted Restricted Total £ £ £ - 1,628 1,628 500 - 500 1,500 - 1,500 - 10,000 10,000 500 - 500 1,000 - 1,000 160 - 160
	3,660 11,628 15,288
	- - -
	- - -
	3,660 11,628 15,288
	- - - 1,510 7,000 8,510
	5,170 18,628 23,798

The notes on pages 11 to 12 form part of these financial statements.

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Statement of Assets and Liabilities As at 31 March 2021

Notes Monetary Assets Current Account Total Monetary Assets Comprising: Unrestricted Funds Restricted Funds 2 Non-Monetary Assets Fixed Assets for the Charity’s Use Debtors Creditors	2021 £ 23,798
	23,798
	5,170 18,628
	23,798
	-
	-
	(2,041)

These financial statements were approved by the committee on 31 January 2022 and signed on its behalf by:

The signatures have been removed for security purposes

________ Alison Van Der Kroon, Chair The signatures have been removed for security purposes ________ Helen Baxter, Treasurer

The notes on pages 11 to 12 form part of these financial statements.

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Notes to the Financial Statements For the period ended 31 March 2021

Notes 1 Basis of Preparation

These accounts have been prepared on a receipts and payments (R&P) basis in line with Charity Commission guidance for a charity of this size.

Market Weighton Youth Action Group is a Charitable Incorporated Organisation (CIO) which started operating on 30 June 2020. This is the first period of operation for the CIO.

On 30 June 2020 all assets and liabilities were transferred from Market Weighton Youth Action Group, an unincorporated association.

2 Restricted Funds

ERYC Tribune Trust TRCF	Balance At Movement in Resources Balance At 30/06/20 Incoming Outgoing Transfers from unincorporated association 31/03/21 - - - 7,000 7,000 - 1,628 - - 1,628 - 10,000 - - 10,000 - 11,628 - 7,000 18,628

A brief description of the restricted funds are given below:

ERYC

Restricted funding was received from East Riding of Yorkshire Council for the development and setting up of the charity to enable them to provide activities for young people in the Market Weighton area.

Tribune Trust

Restricted funding from the Tribune Trust for speakers and cables.

TRCF

Restricted funding from Two Ridings Community Foundation for the development of a Youth Outreach project in Market Weighton.

Charity Number: 1190175

MARKET WEIGHTON YOUTH ACTION GROUP

Notes to the Financial Statements

For the period ended 31 March 2021

3 Payments to Trustees

No remuneration directly or indirectly out of the funds of the Charity was paid or payable for the financial period to any Trustee.

There was no reimbursement of travel expenses in respect of the financial period.

4 Taxation

Market Weighton Youth Action Group is a registered charity. All the Charities’ income is applied to its charitable objectives and the association is therefore exempt under current legislation from most forms of taxation.

The charity is not VAT registered and all expenditure includes irrecoverable VAT.

5 Transfer from Unincorporated Association

On 30 June 2020 all assets and liabilities were transferred from Market Weighton Youth Action Group, an unincorporated association.