|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)||
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||||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|
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|||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|
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
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