## **Trustees’ Annual Report for the period**
**From Period start date To 01/11/2022 Period end date 31/10/2023**
**Charity name: BILLY YOUTH ENGAGEMENT PROJECT**
## **Charity registration number: 1193521**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|Educational and recreational activities
aimed at improving the physical, mental
and social welfare of young people.
within London and surrounding
area.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Charity operates a variety of classes
covering both educational and amateur
sporting activities. Also, arrange a number
of trips and outings for both educational
and recreational purposes.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees remain aware that the prime
objective is to ensure that the young people
in the community of London have the
opportunity to remain active and involved in
a wide variety of activities, which helps in
their wellbeing.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making.|Para 1.38|We have no policy of grant making and are
not involved in grant making|
|Policy on social investment
including program related
investment.|Para 1.38|Similarly, BYEP have no policy on social
investment as we are not involved in social
investments.|
|Contribution made by
volunteers.|Para 1.38|The charity is very involved in the
community and relies on voluntary help.
Over 30 volunteers assist with
Afterschool homework club, Sports
activities, workshops events and
performances, enabling longer opening and
lower staff costs than would otherwise be
the case. Most volunteers are members of
the BYEP, and it is at their suggestion|
that the ‘Friends of the BYEP’ was formed in 2020 and we wish to thank our friends for their loyal support and service Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The Charity continued to run a wide range
of classes throughout the year and had.
numerous lectures on a wide variety of
topics that a significant number of
members attended. The organisation also
arranged over sixty educational and other
sports activities for members during the
year. Membership continues to increase
and has now has over the year.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41|Our young people’s attendances for our
activities increased marginally from 400 in
the year ending 31 March 2020 to just over
600 in the current year. This was a major
achievement given the economic backdrop
and is a tribute to the quality of our
afterschool club and football activities
programme and the place the BYEP has in
the community and underpinned a
challenging financial year. Our volunteers
deserve credit and praise for their skilful
and enthusiastic efforts to provide a
successful activities programme for our
young people. The new Saturday football
and weekday young people’s programme
proved very popular with average houses
78% full and increased of 10%. Our new
Sports activities, workshops arrangements
for young people on low incomes meant
that the level of income per attendance has
been increased this has offset the trend of
declining audience seen by other charities
nationally. Maintaining a balance between
different activities, accessibility for every
young people means, the encouraging of|
|---|---|---|
new young audiences, and maintaining a financial balance is an ongoing challenge. Our key financial aim remains a financially sustainable charitable organisation and we remain very grateful to our sponsors for their support, without which the charity would close **N/A** Performance of fundraising activities against objectives Para 1.41 set **N/A** Investment performance Para 1.41 against objectives Other
## **Financial Review**
|Review of the charity’s
financial position at the end
of the period|Para 1.21|The year-end reserves have increased from
previous year. Many thanks to our donors
Phoenix Way Children and Youth
Emergency Round, Tesco and National
Lottery grants.
In terms of our initial budget, we increased.
our income from that budgeted at the start
of the year by £14,750.00. This was
predominantly due sponsorship grant from
Tesco, National Lottery, and grants from to
Phoenix Way Children and Youth
Emergency Round fund. In line with the
increased number of young people, our
outgoings over the financial year also
increased by £24,580.67.
This means we finished the financial year
with a new positive balance of £11,268.17.
When combined with the balance carried
forward from the previous year, we carry
forward to 2021/22 £7300.|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Sufficient funds to settle all outstanding
financial commitments in the event the
Charity ceases to function up to six months
turnover|
|Amount of reserves held|Para 1.22|£11,268.17|
|Reasons for holding zero
reserves|Para 1.22|The Trust had £11,268.17surplus reserves
on unrestricted funds after allowing the
£10,000 awards received from national
lottery and £20,000 from Phoenix Way
Children and Youth Emergency Round
received for those resources designated for
our new lease and football activities and
setting aside funds to cover professional
fees. This situation is largely attributable an
operating deficit and the need to finance to
match the demand in our services**.**|
|Details of fund materially in
deficit|Para 1.24|No funds are materially in deficit currently|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|There are no uncertainties with regards the
charity continuing as a going concern.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
The charity’s principal sources of funds are
Individual donations collected monthly and
award from. We receive a smaller
amount of funding from national lottery and
heritage lottery identified as restricted
funding. We receive some funding
via fundraising which is co-ordinated by our
small group of funding raising volunteers.|
|---|---|---|
|||**N/A**|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|---|---|---|
|A description of the principal
risks facing the charity|Para 1.46|One of the principal risks facing the charity
is the continued low funding.|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:||The Board of Trustees (the Board) is the
highest governing body of the BYEP. There
are three subordinate governing
committees: the Finance and Resources
Committee, Professional Practice and
Policy Committee and the Honours
Committee. The trustees are also the legal
directors of the charitable company, and
their role is primarily to ensure good
governance of the organisation. They also
provide appropriate representation of the
views of members at a strategic level on
the Board and take account of the financial
and business implications of any decisions
they make. The trustees conduct regular
horizon scanning and have a
comprehensive three-year strategic plan
containing high-level objectives, which is
kept under regular review at each
Board meeting.|
|---|---|---|
|Type of governing document
(trust deed, royal charter)|
Para 1.25|Constitution of Charitable Incorporated
Organisation; Mode of Operation|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Nominations requested annually and
election held and appointments confirmed
at AGM|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|Trustees complete DBS checks in line with
statutory requirements. Trustees meet
regularly and work collaboratively on all
aspects of the role. Induction and training
takes place as part of regular meetings.|
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The work of Afterschool homework club
is overseen by a committee of parents and
former parents. Afterschool homework club
management structure consists of two well
qualified and experienced joint Childcare
Managers and teachers.
The Afterschool homework club is a
member of a local collaboration of similar
settings and works regularly with a number
of secondary and primary schools
professionals, namely an Early Years
Inclusion Advisor and the Local Inclusion
Forum Team (consisting of Specialist
Teachers. Our Afterschool homework club
is on the site of Suite Ax 107 Selby Centre|
|||Selby Centre Tottenham. We meet
regularly with the Afterschool homework
team at the Centre l to share ideas|
|---|---|---|
|Relationship with any
related parties|Para 1.51|**N/A**|
|Other|||
## **Reference and Administrative details**
|Charity name|BILLY YOUTH ENGAGEMENT PROJECT|
|---|---|
|Other name the charity uses||
|Registered charity number|1193521|
|Charity’s principal address|SUITE AX 107
SELBY CENTRE
SELBY ROAD
TOTTENHAM
HARINGEY
N17 8JL|
|||
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Lorans Leau|Chair|||
||Bienvenu Kitu|Treasurer|||
||Dan Nissy|Secretary|||
||Flore Mbinzi Kitu|Trustee|||
||Danielle Mwanadeyi|Trustee|||
||||||
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## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
Doclarations
,Th• trust•os doclarp that thoy have approved the trustses, report abov•.
Slgnfrd on behalf of the charlty'$ trustees
Sa(s)
, &.KJ
n•Th•(s)
Position (•9 S*rntary.
Chaw. Otc)
Lorans Leau,.
Chair ,.
BiennU Kitu
Treasurer
2013
Registered Charity Number :- 1193521
## BILLY YOUTH ENGAGEMENT PROJECT a Charitable Incorporated Organisation FINANCIAL STATEMENTS
## FOR THE YEAR END 30 October 2023
**BILLY YOUTH ENGAGEMENT PROJECT Selby Centre AX107, Selby Rd**
**London**
**BY**
## **BILLY YOUTH ENGAGEMENT PROJECT**
## **CONTENTS**
FOR THE YEAR ENDED 30 October 2023
STATEMENT OF FINANCIAL ACTIVITIES ............................................................................................................ 3 BALANCE SHEET ...................................................................................................................................................... 5 NOTES TO THE FINANCIAL STATEMENTS .......................................................................................................... 6
**BILLY YOUTH ENGAGEMENT PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 30 October 2023
||||||||
|---|---|---|---|---|---|---|
|**Recommended categories by**
**activity**|**Notes**|**Unrestricted funds**
**£**|**Restricted income**
**funds**
**£**|**Endowment funds**
**£**|**Total Funds 2023**
**£**|**Total**
**Funds**
**2022**
**£**|
|**Incoming resources**|||||||
|**Income and endowments from:**|||||||
|Donations and gift aids|2|82,080.67|30,000.00|0.00|112,080.67|0.00|
|Other trading activities|3|937.50|0.00|0.00|937.50|0.00|
|**Total**||**83,018.17**|**30,000.00**|**0.00**|**113,018.17**|**0.00**|
|**Resources expended**|||||||
|**Expenditure on:**|||||||
|Raising funds|4|11,350.00|820.00|0.00|12,170.00|0.00|
|Charitable activities|5|61,700.00|27,880.00|0.00|89,580.00|0.00|
|**Total**||**73,050.00**|**28,700.00**|**0.00**|**101,750.00**|**0.00**|
|**Net income/(expenditure) before**
**investment gains/(losses)**||**9,968.17**|**1,300.00**|**0.00**|**11,268.17**|**0.00**|
|**Net income/(expenditure)**||**9,968.17**|**1,300.00**|**0.00**|**11,268.17**|**0.00**|
|**Net movement in funds**||**9,968.17**|**1,300.00**|**0.00**|**11,268.17**|**0.00**|
||||||||
|Reconciliation of funds:|||||||
**BILLY YOUTH ENGAGEMENT PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 30 October 2023
||||||||
|---|---|---|---|---|---|---|
|Total funds brought forward||0.00|0.00|0.00|0.00||
|**Total funds carried forward**||**9,968.17**|**1,300.00**|**0.00**|**11,268.17**|**0.00**|
BILLI. I'OL'TII EI%'GAGFMF=.N'T PROJFCT
B.4LA.N'CE SHEET
FOR THE YEAR ENDED 30 OLiober 2023
Tot21
Funds
2022
Recommended categories b!,
actiiity
Notes
Restricted income
funds
Unrestricted funds
Endowment funds
Tot21 Funds 2023
Current assets
Cash at bank and in hand
9,968.17
1,300.00
11268.17
Total current assels
9,968.17
1,300.00
l 1268.17
Total net assets or liabilities
9,968.17
1,300.00
0.00
1126&17 0.00
Funds of the Charity
Unrestricted funds
10
9.968.17
9.968.17 0.(x)
Restricted income funds
10
1.300.00
1.3(M).(K) O.(X)
Endowment funds
10
0. o.(x)
Total funds
9,968.17
1,300.00 ,
0.00
11,26&17 0.00
The financial siatements were approved by the Board on 15-Nov-2023 and signed on ils behalf by:
Lorans
Leau
**BILLY YOUTH ENGAGEMENT PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 30 October 2023
## **1 Accounting Policies**
## **1.1 Accounting Policies**
The principal accounting policies adopted, judgments
and key sources of estimation uncertainty in the preparation of the financial
statements are as follows:
## **1.2 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts 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)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.3 Going concern.**
The trustees consider that there are no material uncertainties about Billy Youth Engagement Project Charity’s ability to continue as a going concern.
The most significant areas of adjustment and key assumptions that affect items in the accounts are to do with estimating XYZ in these accounts. With regard to the following year, the most significant areas of uncertainty of Billy Youth Engagement Project Charity are the level of donation income which needs to be raised each and every year and is covered in more detail in the performance and risk sections of the trustees’ annual report for more information. Accordingly they continue to adopt the going concern concept in preparing these financial statements.
**BILLY YOUTH ENGAGEMENT PROJECT**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 30 October 2023
## **2 Income from Donations and Legacies**
||**Unrestricted**
**funds**|**Restricted income**
**funds**|**Endowment funds**|**Total funds 2023**|**Total funds 2022**|
|---|---|---|---|---|---|
|**Analysis**|**£**|**£**|**£**|**£**|**£**|
|**Donation and gifts**|82,080.67|0.00|0.00|82,080.67|0.00|
|**General grants provided by**
**Government/other charities**|0.00|30,000.00|0.00|30,000.00|0.00|
|**Total**|82,080.67|30,000.00|0.00|112,080.67|0.00|
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Where income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities.
Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year-end are accounted for in income and accrued income in debtors.
Income from National lottery and other grants, whether ‘capital’ grants or ‘revenue’ grants, are recognised when the
charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
Income received in advance for a future fundraising event or for a grant received relating to the following year are deferred until the criteria for income recognition are met.
Sponsorship from events, fundraising and events registration fees are recognised in income when the event takes place.
## **3 Income from Other Trading Activities**
**BILLY YOUTH ENGAGEMENT PROJECT**
**NOTES TO THE FINANCIAL STATEMENTS**
## FOR THE YEAR ENDED 30 October 2023
|||**Unrestricted**
**funds**
|**Restricted income**
**funds**|**Endowment**|**funds**|**Total**|**funds**|**2023**|**Total**|**funds**|**2022**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||**Analysis**|**£**|**£**|**£**|||**£**|||**£**||
|**Sponsorship**||937.50|0.00||0.00|||937.50|||0.00|
|**Total**||937.50|0.00||0.00|||937.50|||0.00|
Sponsorship/grants from Tesco and other grants, whether ‘capital’ grants or ‘revenue’ grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred
## **4 Expenditure on Raising Funds**
||**Total funds 2023**||**Total funds 2022**||
|---|---|---|---|---|
|**Analysis**|**£**||**£**||
|Advertising, marketing, direct mail
and publicity||2,250.00||0.00|
|Support Costs||9,920.00||0.00|
|**Total**||12,170.00||0.00|
## **5 Expenditure on Charitable Activities**
||**Total funds 2023**
|**Total funds**|**2022**|
|---|---|---|---|
|**Analysis**
|**£**
|**£**||
|Volunteer expenses|4,200.00||0.00|
|After-school Club|27,000.00||0.00|
|Football/Basketball Activities|19,550.00||0.00|
||**BILLY YOUTH ENGAGEMENT PROJECT**||||||
|---|---|---|---|---|---|---|
||**NOTES TO THE FINANCIAL STATEMENTS**||||||
||FOR THE YEAR ENDED 30 October 2023||||||
||Light, Heat & Power||4,360.00||0.00||
||Telephone, Fax & Internet||2,200.00||0.00||
||Printing and stationery||1,200.00||0.00||
||Staff costs||16,150.00||0.00||
||Support Costs||14,920.00||0.00||
||**Total**||89,580.00||0.00||
||Of the total Charitable activities’ expenditure of £49,100 (p/y: £25,560). £49,100 was restricted and £25,560 was unrestricted.||||||
||**6 Support Costs**||||||
|||**Total funds**|**2023**|**Total funds 2022**|||
||**Analysis**|**£**||**£**|||
||Rent||19,840.00||0.00||
||**Governance Costs**||||||
||Accountants fees||5,000.00||0.00||
||**Total**||**24,840.00**||**0.00**||
Governance costs comprise accountancy fees; £5,000 (p/y: £9,920) costs of rent
## **7 Employee’s Emoluments**
## **7.1 Staff Costs**
|**Salaries and wages**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
**BILLY YOUTH ENGAGEMENT PROJECT**
**NOTES TO THE FINANCIAL STATEMENTS**
## FOR THE YEAR ENDED 30 October 2023
|**Social security costs**
**Pension costs (defined contribution scheme)**
**Other employee benefits**
**Total staff costs**|-|-|
|---|---|---|
||-|-|
||-|-|
||-|-|
**This year:**
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
**Last year:**
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**
|**No employees received employee benefits (excluding employer pension costs) for the reporting**
**period of more than £60,000**
**Band**|**No employees received employee benefits (excluding employer pension costs) for the reporting**
**period of more than £60,000**
**Band**|
|---|---|
||**Thisyear**|
|**£60,000 to £69,999**|-|
|**£70,000 to £79,999**|-|
|**£80,000 to £89,999**|-|
|**£90,000 to £99,999**|-|
|**£100,000 to £109,999**|-|
|**Thisyear**|**Lastye**|
|---|---|
|**£**|**£**|
**BILLY YOUTH ENGAGEMENT PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
## FOR THE YEAR ENDED 30 October 2023
**Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.**
- -
## **7.2 Average head count in the year**
The charity trustees were not paid or received any other benefits from employment with& in the year (p/y: £nil) neither Billy Youth Engagement Project& were they reimbursed expenses during the year (p/y: £nil)
**The parts of the charity in which the employees work**
||**This year**
**Number**|
|---|---|
|Fundraising|-|
|Charitable Activities|-|
|Governance|-|
|Other|-|
|Total|-|
## **7.3 Ex-gratia payments to employees and others (excluding trustees)**
Please complete if an ex-gratia payment is made.
## **Please explain the nature of the payment**
**This year Last year**
## **Please state the legal authority or reason for making the payment**
**This year Last year**
**BILLY YOUTH ENGAGEMENT PROJECT**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 30 October 2023
**Please state the amount of the payment (or value of any waiver of a right to an asset)**
|||**Thisyear**||**Lastyear**|
|---|---|---|---|---|
|||£||£|
||-||-||
## **7.4 Redundancy payments**
Please complete if any redundancy or termination payment is made in the period.
**Total amount of payment The nature of the payment (cash, asset etc.)**
**The extent of redundancy funding at the balance sheet date**
||**Thisyear**||**Lastyear**|
|---|---|---|---|
||£||£|
|-||-||
||**Thisyear**||**Lastyear**|
|---|---|---|---|
||£||£|
|-||-||
**BILLY YOUTH ENGAGEMENT PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 30 October 2023
## **Please state the accounting policy for any redundancy or termination payments**
## **8 Cash at bank and in hand**
||**Total funds**|**2023**||**Total funds**|**2022**||
|---|---|---|---|---|---|---|
||**£**|||**£**|||
|**Cash at bank and on hand**|||11,268.17|||0.00|
|**Total**|||11,268.17|||0.00|
Cash at bank and cash in hand includes cash and opening of the deposit.
## **9 Creditors: Amounts falling due after one year**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
## **10 Charity funds**
## **10.1 Details of material funds held and movements during the CURRENT reporting period**
**Fund balances Fund balances Income Expenditure Transfers Gains and losses Fund names brought forward carried forward £ £ £ £ £ £**
**Unrestricted funds**
**BILLY YOUTH ENGAGEMENT PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
## FOR THE YEAR ENDED 30 October 2023
||0.00|83,018.17|(73,050.00)|0.00|0.00|9,968.17|
|---|---|---|---|---|---|---|
|**Restricted income funds**|||||||
||0.00|30,000.00|(28,700.00)|0.00|0.00|1,300.00|
|**Total**|0.00|113,018.17|(101,750.00)|0.00|0.00|11,268.17|
Restricted funds are those funds which must be spent as income on the particular purposes specified by the donor or specifically identified in appeal literature. The Charities Statement of Recommended Practice (FRS 102 SORP), paragraphs 2.8 to 2.15 provide details.
Unrestricted funds are those funds that can be spent at the discretion of the charity trustees for any purposes of the charity. The fund balance represents the unexpended resources held within the fund, that is, its assets less liabilities. If some of these funds have been designated or earmarked to meet planned future expenditure, these amounts will be disclosed here. The Charities Statement of Recommended Practice (FRS 102 SORP), paragraphs 2.6 to 2.7 provide details.
## **10.2 Details of material funds held and movements during the PREVIOUS reporting period.**
## **10.3 Transfers between funds**
## **This Year**
||**Amount**|
|---|---|
||**£**|
|Between unrestricted and restricted funds|0.00|
|Between endowment and restricted funds|0.00|
|Between endowment and unrestricted funds|0.00|
## **10.4 Designated funds**
## **This year**
**Purpose of the designation**
**Amount**
**Planned use**
**BILLY YOUTH ENGAGEMENT PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 30 October 2023
## **Last year**
**Planned use Purpose of the designation Amount**
## **11 Transactions with trustees and related parties**
**11.1 Trustee remuneration and benefits**
**This year**
**BILLY YOUTH ENGAGEMENT PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 30 October 2023
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Name of trustee**|**Legal authority (eg order,**
**governing document)**||**Amountspaid or benefit**|**Amountspaid or benefit**|**value**|
|---|---|---|---|---|---|
|||**Remuneration**|**Pension**
**contribution**|**Redundancy**
**(including loss of**
**office)/exgratia**|**Other**|
|||**£**|**£**|**£**|**£**|
|||||||
|||||||
|||||||
|||||||
|**_Please give details of why remuneration or other employment_**
**_benefits were paid._**
**_Where an ex gratia payment has been made to a trustee, provide an_**
**_explanation of the nature of the payment._**||||||
|||||||
|||||||
**Last year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
**Name of trustee Amounts paid or benefit value**
**BILLY YOUTH ENGAGEMENT PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
## FOR THE YEAR ENDED 30 October 2023
||**Legal authority (eg order,**
**governing document)**|**Remuneration**|**Pension**
**contribution**|**Redundancy**
**(including loss of**
**office)/exgratia**|**Other**|
|---|---|---|---|---|---|
|||**£**|**£**||**£**|
|||||||
|||||||
|||||||
|||||||
_**Please give details of why remuneration or other employment benefits were paid. Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_
## **11.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter 'False'.**_
## **No trustee expenses have been incurred (True or False)**
|**Type of expenses reimbursed**|**Thisyear**|
|---|---|
||**£**|
|**Travel**||
|**Subsistence**||
|**Accommodation**||
|**Other(please specify):**||
|**Total**||
**Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity**
**BILLY YOUTH ENGAGEMENT PROJECT**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 30 October 2023
## **11.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter true in the box provided.**_
The charity trustees were not paid or received any other benefits from employment with the Billy Youth Engagement Project in the year (p/y: £nil) neither were they reimbursed expenses during the year (p/y: £nil).
## **This year**
## **There have been no related party transactions in the reporting period (True or False)**
|**Name of the trustee or**
**related party**|**Relationship to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at period**
**end**|**Provision for bad**
**debts at period end**|
|---|---|---|---|---|---|
||||**£**|**£**|**£**|
|||||||
|||||||
|||||||
|||||||
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
_**For any related party, please provide details of any guarantees given or received.**_
**BILLY YOUTH ENGAGEMENT PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 30 October 2023
## **Last year**
## **There have been no related party transactions in the reporting period (True or False)**
|**Name of the trustee or**
**related party**|**Relationship to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at period**
**end**|**Provision for bad**
**debts at period end**|
|---|---|---|---|---|---|
||||**£**|**£**|**£**|
|||||||
|||||||
|||||||
|||||||
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
_**For any related party, please provide details of any guarantees given or received.**_
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report Report to the** Charity Name BILLY YOUTH ENGAGEMENT PROJECT **trustees/ members of** 21st November 2023 **Charity** 1193521 **On accounts for the no (if year ended any) Set out on pages** 1-2 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/02/2021. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of **basis of report** 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material **examiner's** matters have come to my attention in connection with the **statement** examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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.
**Signed: Date:** 21/11/2023 **Name:** James Okahio Accountant
1
## **professional qualification(s) or body (if any):**
**Address:**
Institute of Financial Accountants 11 Water Lane London N9 7DQ
2