2020-12-31-accounts

THE INTERNATIONAL YOUTH FOUNDATION	THE INTERNATIONAL YOUTH FOUNDATION
(Incorporating European	Union Youth Orchestra	and European
Union Youth Orchestra	Foundation)
(A Charity registered in	the United Kingdom)

			Page
Legal and administrative		details
Co-Chairmen	and Trustees' Report		2-8
Statement of	responsibilities ofthe Trustees
Independent	Auditors'	Report	10-12
Statement of	Financial	Activities	13
Balance Sheet			14
Statement of	Cash Flows		15
Notes to the	Financial	Statements	16-27

		Note	Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
INCOME AND ENDOWMENTS			2020	2020	2020	2019
FROM:			E
Donations and legacies				1,39'I	1,391	38,255
Charitable activities			177,355	1,388,515	1,505,870	2,432,187
TOTAL			117,355	1,389,906	1,507,261	2,446,957
EXPENDITURE ON:
Raising funds		8	3,382	135,283	138,665	157,480
Charitable activities		7,8	123,180	1,220,123	1,343,303	2,384,384
TOTAL			126,562	1,355406	1,481,968	2,541,864
NET INCOME l (EXPENDITURE)
			(9,207)	34,500	25,293	(97,907)
Transfer between funds		15	9,207	(9,207)
NET MOVEMENT	IN FUNDS			25,293	25,293	(97,907)
RECONCILIATION	OF FUNDS:
Total funds brought	forward			577,129	577,129	684,340
Other adjustments				652	652	(12,304)
Total funds carried forward				603,074	603,074	577,129

			BALANCE SHEET
		AS AT 31 DECEMBER		2020
				2020		2019
		Note
FIXEDASSETS
Tangible fixed assets		12		90,770		90,540
CURRENT ASSETS
Debtors: amounts	falling due
within one year		13	493,576		379,024
Cash at bank and	in hand		212,219		398,654
			705,795		777,678
CREDITORS: amounts falling due
within one year		14	193,491		291,089
NET CURRENT ASSETS				512,304		486,589
TOTAL ASSETS	LESSCURRENT	LIABILITIES		603,074		577,129
THE FUNDS OF THE CHARITY
Restricted funds		15
Unrestricted funds		15		602,074		576,129
Designated funds		15		1,000		1,000
TOTAL CHARITY	FUNDS			603,074		577,129

		STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
				2020	2019
				F
Cash flows from operating		activities
Net income				25,292	(94,907)
Adj usfmenfs for:
Depreciation oftangible fixed assets				2,646	3,334
Accrued expenses Provisions				(23,390) 10,717	149,824 4,833
Finance costs				2,733	3,548
Taxation expense				4,861	2,687
Unrealised currency translation				652
Changesin:
Trade and other debtors				(132,991)	(157,399)
Trade and other creditors				(66,485)	110,351
Cash generated from operations				(175,965)	22,271
Taxation paid				(4,861)	(2,687)
Net cash from/(used in) operating activities				(180,826)	19,584
Cash flows from investing		activities
Purchase oftangible fixed assets				(2,876)	(6,185)
Net cash used in investing	activities			(2,876)	(6,185)
Cash flows from financing		activities
Sale Proceeds from sale offixed assets
Finance costs paid				(2,733)	(3,548)
Net cash used in financing	activities			(2,733)	(3,548)
Net increase/(decrease) in		cash and cash	equivalents	(186,435)	9,851
Cash and cash equivalents		at beginning	ofyear	398,654	388,803
Cash and cash equivalents		at end ofyear		212,219	398,654

INCOMING	RES	OURCES FROM CHARITA	BLE ACTIVITIES
				2020	2019
Government	grant receivable		(Note 3)	802,614	824,179
Grant receivable		from Italian authorities		222,425	219,442
Sponsorships			(Note 4)		87,777
Corporate contribution			(Note 4)	80,073
Other income			(Note 5)	400,758	1,300,789
				1,505,870	2,432,187

GRANTS RECEIVABLE
	Euros
	(where applicable)	2020f	2019
European Commission United Kingdom Spain Finland	600,000 26,450 23,000	533,820 30,000 23,533 20,463	523,478 30,000 23,217 21,066
Germany Sweden	20,000 17,091	17,794 15,206	17,555 14,912
Austria	17,000	15,125	15,000
The Netherlands	18,500	16,459	16,239
Bulgaria Greece	13,600	12,100	13,167 11,938
Czech Republic Poland	15,000 15,000	13,345 13,345	13,167 13,167
Romania	15,000	13,345	13,167
Slovakia	11,500	10,232	10,094
Denmark	10,750	9,564	9,436
Malta GBP grant Malta EURO grant Cyprus Luxembourg	9,000 6,500 9,650	8,007 5,783 8,586	7,700 7,900 5,706 8,470
Portugal - Palacio Nacional	9,050	8,052	7,944
Italy
Belgium Flemish	8,000	7,118	7,022
Estonia	6,500	5,783	5,706

	Hungary Lithuania				5,757	5,122	5,354 4,389
	Ireland						2,016
	Latvia				5,000	4,449	4,389
	France						4,038
	Croatia						2,633
	Portugal - Slovenia	Instituto	Camoes		3,250 2,800	2,892 2,491	2,852 2,457
						802,614	824,179
4.	CONTRIBUTION/SPONSORS
						2020	2019
						F
	Sponsorship						87,777
	Corporate	contribution				80,073
5.	OTHER INCOME
						2020f	2019
	Donations	in-kind				81,684	173,555
	Brochures advertising Concert promoters and broadcasting			receipts		3,523 286,383	8,133 1,005,661
	Sundry other income					29,168	113,440
						400,75&	1,300,789

DONA	TIONS AND LEGACIES
		2020	2019
		F
Sundry income lan Stoutzker Award			8,778
Other	donations	1,391	5,992
		1,391	14,770

CHARITABLE EXPENDITURE
	2020	2019
	F	E
Orchestra	820,063	1,913,290
Support costs Depreciation	521,117 2123	468,427 2,667
	1,343,303	2,384,384

ANALYSIS OF	RESOURC	ES EXPENDED	BY EXPENDIT	URE TYPE
		Staff costs	Depreciation	Other costs	Total 2020	Total 2019
				F
					F
Fundraising and Direct charitable	publicity	74,153 296,612	531 2,123	63,981 1,044,568	138,665 1,343,303	157,480 2,384,384
		370,765	2,654	1,108,549	1,481,968	2,541.864
Other costs
					2020	2019
Concert expenses Brochures					378,369 16,095	783,621 15,059
Accommodation	and subsistence				283,562	693,975
Travel					167,087	432,440
Premises					2,035	5,866
Fundraising 8 marketing					33,305	53,460
Communications					18,709	9,708
Legal and professional					63,864	62,417
Auditors' remuneration:
-Audit fee					18,204	7,946
-Grant audit					6,750	5,775
						Page 21

Office costs	99,195	48,940
Miscellaneous expenses Lionel Bryer Memorial Fund Trustees' expenses (see Note 21) Exchange differences Losses and other provisions Income tax and VAT	18,638 946 (3,072) 1 4,861	32,617 3,000 8,867 4,769 28,183 2,687
	1,108,549	2,199,330

ANALYSIS O	F SUPPOR	T COSTS
			Raising	Charitable	2020	2019
			funds f	activities f	Totalf	Total
Governance				88,818	88,818	76,138
Finance			547	2,186	2,733	3,548
Office and administration		costs	17,907	134,330	152,237	123,062
Salary costs Establishment	costs		74,153 407	296,612 1,628	370,765 2,035	339,200 5,866
Exchange differences			(614)	(2,457)	(3,071)	4,769
			92,400	521,117	613,517	552,583

STAFF COSTS
Staff costs were as follows:	2020f	2019
Wages and salaries Social security costs Pension	324,401 24,064 22,300	303,190 22,523 13,487
	370,765	339,200

s:
2020	2019
No.	No.

In	sura	nce	Contributions and pension contributions)	exceeded f60,000 in the year	was:
				2020	2019
				No.	No.
In	the	band	f80,000-F90,000	1	1

CASH	A	T BANK AND IN HAND
			2020	2019
			f,
Cash	at	bank	204,320	390,755
Cash	in	hand	7,899	7,899
			212,219	398,654

12.	TANGIBLE FIXEDASS	ETS	ETS
		Computer		Fixtures,	Musical	Total
		equipment		fittings and	Equipment
				office
				equipment
				F
	Cost
	At 1 January 2020 Additions	25,852		50,745	75,990 5,930	152,587 5,930
	Disposals				(3,055)	(3,055)
	At 31 December 2020	25,852		50,745	78,865	155,462
	Depreciation At 1 January 2020 Charge for year	24,273 199		33,727 1,275	4,047 1 171	62,047 2,646
	Eliminated on
	Disposals
	At 31 December 2020	24,472		35,002	5,218	64,693
	Net BookValue
	At 31 December 2020		1,380	15,743	73 647	90770
	At 31December 2019		1,579	17,018	71,943	90,540
13.	DEBTORS
					2020	2019
					F
	Income debtors				66,406	81,500
	Other debtors				4,439	1,641
	Prepayments and accrued income Social security and other taxes Grants Receivable				30,889 391,842	18,439 4,929 272,515
	Sponsorship debtors
					493,576	379,024
14.	CREDITORS
					2020	2019
	Amounts falling due within one		year		f.	E
	Trade creditors				63,724	98,118
	Social security and other taxes Other creditors				47,440 30,085	49,923 48,977
	Accruals and deferred	income			52,242	94,071
					193,491	291,089

SUMMARY	OF FUNDS
						Transfer
		Brought	Incoming	Resources	Other	between	Carried
		forward E	resources f	expended E	adjustments f.	funds E	Forward f.
Restricted	funds
- EUYO/EUYOF			117,355	(126,562)		9,207
Unrestricted	funds	576,129	1,389,906	(1,355,406)	652	(9,207)	602,074
Designated	funds
-Lionel Bryer Memorial Fund		1,000					1,000
		577,129	1,507,261	1,481,968	652		603,074

ANALYSIS OF NET A	SSETS BETWE	EN FUNDS
	Restricted	Unrestricted	Designated	Total	Total
	funds	funds	funds	funds	funds
	2020	2020	2020	2020	2019
	F	E	K	E
Tangible fixed assets		90,770		90,770	90,540
(Note 12)
Current assets		701,795	4,000	705,795	777,6?8
(Note 11and 13)
Creditors due within		(193,491)		(193,491)	(291,089)
one year
(Note 14)
		599,074	4,000	603,074	577,129