TRUSTEE REPORT Y/E 31[ST] MARCH 2024
In December 2022 this Charitable Incorporated Organisation was registered I.N.O. The Friday Night Charity. This was to change the legal status of our unincorporated charity which was already trading as ‘The Friday Night Charity’. This was finally completed in March 2024. The same trustees were responsible for both charities.
The unincorporated charity continued to trade successfully, throughout the intervening period, under the stewardship of the trustees.
During this time the trustees for this CIO:-
-
Applied for and secured a £330k Community Lottery grant (National Lottery) to be paid over 5 years to assist with sustaining the charity whilst we work towards becoming self funding.
-
Undertook a rebranding exercise which resulted in a change of name to ‘Key to Joy’
With the funding received from the National Lottery we have been able to employ more staff which has enabled us to follow our strategy, outlined in our application to them, and offer so much more to our members.
The decision was taken to switch all trading to the the CIO from 1[st] April 2024 and the balances transferred from the unincorporated charity by 31[st] March 2024.
The attached accounts show both of the charitable entities figures.
Key to Joy is registered with the Charity Commission. Our Registration Number is: 1201453
| KEY TO JOY | ||
|---|---|---|
| Income & Expenditure Statement | ||
| April 2023 - March 2024 | ||
| Income | ||
| Activity Fees | £ 5,220.55 | |
| Funding & Grants received | £ 55,000.00 | |
| Interest Received | £ 365.32 | |
| Uncategorised Income | £ 1,828.14 | |
| Member/Volunteer Purchases | £ 137.00 | |
| Sales | £ 41.00 | |
| Tuck Shop | £ 205.31 | |
| Total Income | £ 62,797.32 | |
| Expenditure | ||
| Casual Labour | £ 210.00 | |
| Marketing | £ 989.40 | |
| Community Musician | £ 120.00 | |
| Quickbooks Fee | £ 11.00 | |
| HR Consultancy | £ 1,054.00 | |
| Net Salary | £ 5,845.20 | |
| Office/General Administrative Expenses | £ 103.88 | |
| Pensions | £ 561.34 | |
| Rent or Lease of Buildings | £ 710.00 | |
| TAX & NI | £ 627.60 | |
| Total Expenditures | £ 10,232.42 | |
| Net Income | £ 52,564.90 |
| KEY TO JOY | |||
|---|---|---|---|
| Balance Sheet | |||
| As of March 31, 2024 | |||
| Fixed Asset | |||
| Tangible assets | |||
| Total Fixed Asset | £ - | ||
| Cash at bank and in hand | |||
| Barclays Checking Account | £ 2,611.00 | ||
| Barclays Savings Account | £ 147,905.00 | ||
| Cash on hand | £ - | ||
| Total Cash at bank and in hand | £ 150,516.00 | ||
| Current Assets | |||
| Total Current Assets | £ - | ||
| Net Current Assets | £ 150,516.00 | ||
| Creditors: amounts falling due | within one year | ||
| Current Liabilities | |||
| PAYE Control | £ 313.60 | ||
| Pension Control | £ 498.32 | ||
| Salary Control | -£ 500.00 | ||
| Total Current Liabilities | £ 311.92 | ||
| Total Creditors: amounts falling due within one year | £ 311.92 | ||
| Net current assets (liabilities) | £ 150,204.08 | ||
| Total assets less current liabilities | £ 150,204.08 | ||
| Total net assets (liabilities) | £ 150,204.08 | ||
| Charity funds | |||
| Opening Balance Equity | |||
| Retained Earnings B/Fwd | £ 97,638.18 | ||
| Surplus/(Deficit) for the Year | £ 52,565.90 | ||
| Total Charity funds | £ 150,204.08 |
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Sectlon A Independent Examlnerf8 Report Report to the trusteesl members of KEY fo foy On accounts for the year ended 31 mnRCV 202/1 Charity no (If any) 1261&53 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('Ihe Trust.) for the year ended Responsibllities and As the charity trustees, you are responsible for the preparation of the basis of report accounts in accordance with 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 carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent trhe charity's gross income exceeded £250.000 and l am qualified to examinerfs statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') in connection with the 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 Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements conceming 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. Please delete the words in the brackets if they do not apply. Signed: Date: A8- 1-2DL Name: m crtEl4if1o- y<.J[, rcLfl, FrnAAf Relevant professional qualification(s) or body (if any): IER October 2018
Address: 25A I)C Aoft), FAREQII¥Y), Ibi6 sR¢, Sectlon B Dlsclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here detsils of any Items that the examiner wishes to disclose. IER October 2018