Charity number: 1193521 (England and Wales) ## BILLY YOUTH ENGAGEMENT PROJECT Report of the Trustees and Unaudited Financial Statements For the period ended 31 October 2021 BILLY YOUTH ENGAGEMENT PROJECT Contents Page For the period ended 31 October 2021 |Report of the Trustees|1| |---|---| |Independent Examiner's Report to the Trustees|2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 7| |Detailed Statement of Financial Activities|8| ## BILLY YOUTH ENGAGEMENT PROJECT Report of the Trustees ## For the period ended 31 October 2021 The Trustee, who is also director for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the period ended 31 October 2021. The Trustee 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustee have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** BILLY YOUTH ENGAGEMENT PROJECT **Charity registration number** 1193521 **Principal address** 217 GLADSTONE AVENUE LONDON N22 6LB ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Bienvenu Kitu Approved by the Board of Trustees and signed on its behalf by ............................................................................. 1 of 8 BILLY YOUTH ENGAGEMENT PROJECT Independent Examiners Report to the Trustees For the period ended 31 October 2021 There are no Examiners in this set of Client Accounts. Either remove the page or add examiners to the accounts. 2 of 8 ## BILLY YOUTH ENGAGEMENT PROJECT ## Statement of Financial Activities (including Income and Expenditure Account) For the period ended 31 October 2021 |**Notes**
**Income and endowments from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Raising funds
3
Charitable activities
4/5
**Total**
**Net income**
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
21,800| |---|---| ||**21,800**| ||(1,370)
(9,000)| ||**(10,370)**| ||**11,430**| ||**11,430**| 3 of 8 ## BILLY YOUTH ENGAGEMENT PROJECT Statement of Financial Position ## As at 31 October 2021 |**Notes**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
9
**Total funds**|**£**
**2021**
10,580| |---|---| ||**10,580**| ||850| ||**850**| ||**850**| ||**11,430**| ||**11,430**| ||11,430| ||**11,430**| For the period ended 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to - accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: 4 of 8 BILLY YOUTH ENGAGEMENT PROJECT Notes to the Financial Statements For the period ended 31 October 2021 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006. BILLY YOUTH ENGAGEMENT PROJECT meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received
Sponsorships received|**2021**
**£**
19,800
2,000| |---|---| ||**21,800**| ## **3. Expenditure on generating donations and legacies** |**Unrestricted funds**
Support costs
**4. Costs of charitable activities by fund type**
**Unrestricted funds**
Activity 2|**2021**
**£**
1,370| |---|---| ||**1,370**| ||**2021**
**£**
9,000| 5 of 8 BILLY YOUTH ENGAGEMENT PROJECT Notes to the Financial Statements Continued For the period ended 31 October 2021 ## **5. Costs of charitable activities by activity type** |**Activities undertaken directly**
Activity 2
**6. Analysis of support costs**
Governance costs
**7. Net income/(expenditure) for the period**
This is stated after charging/(crediting):
Accountancy fees
**8. Tangible fixed assets**
**Cost or valuation**
Additions
At 31 October 2021
**Net book values**
At 31 October 2021|**2021**
**£**
9,000
**2021**
**£**
1,370
**2021**
**£**
1,000|**Computer**
**Equipment**
**£**
10,580| |---|---|---| |||**10,580**| |||**10,580**| 6 of 8 ## BILLY YOUTH ENGAGEMENT PROJECT Notes to the Financial Statements Continued For the period ended 31 October 2021 ## **9. Movement in funds** ## **Unrestricted Funds** |**Unrestricted Funds**|||| |---|---|---|---| |_General_
General|**Incoming**
**resources**
**£**
21,800
**21,800**|**Outgoing**
**resources**
**£**
(10,370)
**(10,370)**|**Balance at**
**31/10/2021**
**£**
11,430| ||||**11,430**| ## **10. Analysis of net assets between funds** ||**Tangible**|**Net current**|**Net Assets**| |---|---|---|---| ||**fixed assets**|**assets /**|| |||**(liabilities)**|| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |_General_|||| |General|10,580|850|11,430| ||**10,580**|**850**|**11,430**| 7 of 8 ## BILLY YOUTH ENGAGEMENT PROJECT Detailed Statement of Financial Activities For the period ended 31 October 2021 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Sponsorships
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Cost of direct charitable activity
**SUPPORT COSTS**
**Governance costs**
Governance costs
**Total resources expended**
**Net Income**|**£**
**2021**
19,800
2,000| |---|---| ||**21,800**| ||**21,800**
(9,000)| ||**(9,000)**
(1,370)| ||**(1,370)**| ||**(10,370)**| ||**11,430**| 8 of 8 This page does not form part of the statutory financial statements Declarations The trustees declare that they have approved thè trustees, report above. Slgned on behalf of the charity's tni$tee8 Slgnature(s) Full namels) Position (eg Secretary, Chair, etc) BIENVENU KITU CHAIRPERSON Date 3011112022