**CIO NUMBER: CE029723 (England and Wales) REGISTERED CHARITY NUMBER: 1199664** **Report of the Trustees and Unaudited Financial Statements for the Period 1 October 2022 to 31 December 2023 for YGA (YOUNG GLOBAL IMPACT)** ADPL LLP Chartered Certified Accountants & Business Advisers Ernest House 293 Green Lanes Palmers Green London N13 4XS **YGA (YOUNG GLOBAL IMPACT) Contents of the Financial Statements FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023** ||Page| |---|---| |Report of the Trustees|1| |Statement of Financial Activities|2| |Balance Sheet|3| |Notes to the Financial Statements|4 to 5| |Detailed Statement of Financial Activities|6| **Report of the Trustees FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023** ## **YGA (YOUNG GLOBAL IMPACT)** The trustees, present their report with the financial statements of the charity for the period 1 October 2022 to 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered CIO number** CE029723 **Registered Charity number** 1199664 ## **Registered office** Somerset House New Wing Exchange Studios, Anylab West Service Yard Goods Entrance Victoria Embankment London WC2R 1LA ## **Trustees** C W J Gaunt OBE B Topaloglu Ms M Hasman G Mericliler ## **Company Secretary** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing documents. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on ............................................. and signed on its behalf by: 12.04.2024 ............................................. G Mericliler - Trustee Page 1 ## **YGA (YOUNG GLOBAL IMPACT)** ## **Statement of Financial Activities** ## **FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**INCOMING RESOURCES**||| |**Incoming resources from generated funds**||| |Voluntary income||1,500| |**Incoming resources from charitable activities**||| |YGA||66,000| |**Total incoming resources**||67,500| |**RESOURCES EXPENDED**||| |**Costs of generating funds**||| |Fundraising trading: cost of goods sold and other||| |costs||2,500| |**Charitable activities**||| |YGA||96,546| |**Governance costs**||2,250| |**Other resources expended**||991| |**Total resources expended**||102,287| |**NET INCOMING/(OUTGOING)**||| |**RESOURCES**||(34,787)| |**TOTAL FUNDS CARRIED FORWARD**||(34,787)| The notes form part of these financial statements Page 2 ## **YGA (YOUNG GLOBAL IMPACT)** ## **Balance Sheet AT 31 DECEMBER 2023** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**CURRENT ASSETS**||| |Cash at bank||29,719| |**CREDITORS**||| |Amounts falling due within one year|5|(64,506)| |**NET CURRENT ASSETS/(LIABILITIES)**||(34,787)| |**TOTAL ASSETS LESS CURRENT**||| |**LIABILITIES**||(34,787)| |**NET ASSETS/(LIABILITIES)**||(34,787)| |**FUNDS**|6|| |Unrestricted funds||(34,787)| |**TOTAL FUNDS**||(34,787)| The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with governing law. (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements by law. ## 12.04.2024 The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by: ............................................. G Mericliler -Trustee The notes form part of these financial statements Page 3 **Notes to the Financial Statements FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023** ## **YGA (YOUNG GLOBAL IMPACT)** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** 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. ## **Taxation** The charity is exempt from corporation 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. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. NET INCOMING/(OUTGOING) RESOURCES** Net resources are stated after charging/(crediting): £ Other pension costs 991 ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31 December 2023. Page 4 **Notes to the Financial Statements - continued FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023** ## **YGA (YOUNG GLOBAL IMPACT)** ## **4. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the period was as follows:
Administrator
No employees received emoluments in excess of £60,000.|£
54,000
6,511
991
61,502
1| |---|---| ||| ## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Taxation and social security
Other creditors|£
1
24,381
40,124
64,506| |---|---| ## **6. MOVEMENT IN FUNDS** ||Net movement|| |---|---|---| ||in funds|At 31.12.23| ||£|£| |**Unrestricted funds**||| |General fund|(34,787)|(34,787)| |**TOTAL FUNDS**|(34,787)|(34,787)| Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|67,500|(102,287)|(34,787)| |**TOTAL FUNDS**|67,500|(102,287)|(34,787)| Page 5 ## **YGA (YOUNG GLOBAL IMPACT)** ## **Detailed Statement of Financial Activities FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023** |**INCOMING RESOURCES**
**Voluntary income**
Donations
**Incoming resources from charitable activities**
Grants
**Total incoming resources**
**RESOURCES EXPENDED**
**Fundraising trading: cost of goods sold and other costs**
Purchases
**Governance costs**
Accountancy
**Other resources expended**
Pensions
**Support costs**
**Management**
Wages
Social security
**Finance**
Bank charges
**Other 2**
Professional fees
**Total resources expended**
**Net expenditure**|£
1,500
66,000
67,500
2,500
2,250
991
54,000
6,511
60,511
35
36,000
102,287
(34,787)| |---|---| This page does not form part of the statutory financial statements Page 6