Charity r•gi$trat•on numb•r 0296372 Company reyistrnloon numb•r 02081759 {En9land and WalMI HOUNSLOWACTION FOR YOUTH ASSOCIATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 lllllll 111 A8J6218K 2311212022 COMPANIES HOUSÉ
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HOUNSLOW ACTION FOR YOUTH ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees E Lowursl C Marb"n DrAmrit Sadw M Begley B K t)halr4¥01 F Hooker R C McAdam M Tahy (Apw'nled 8 Ocknber 20211 (Appointed 23 M8rth 2022) (Appointed 23 March 2022) (Appointed 23 Mw( 2022) Secretary M Tal¥r Char5ty number 0296372 Company numb•r 02081759 R•gist•rd office Ashcombe C(yJrt l)olsa¢k Godakning Surrey United lQngdom GU7 1LQ Audltor zets Audit Seryices IAbolsa¢k Way Godalmw Surrey United lfjngd GU7 1LQ
HOUNSLOWACTION FOR YOUTH ASSOCIATION CONTENTS Pag• Trustees. report Independent audbtorf5 Teport 9-11 Statement of ffinanoal acti¥*ies 12-13 Balance Sheet 14 Noles to the finala1 stslements 15-23
HOUNSLOW ACTION FOR YOUTH ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The trustees present ther annual report aThJ finanrial statements for th• year ended 31 Mwch 2022. The financaal Slalements ha bèèn pared in accordarKe wth the accourttiNJ polic4es set oul in note 1 to the finan¢ial statemen15 and Comp wilh the ¢haritS Memorandum and Artides of Assouation. the Pan3 Act 2006 and 'Arxounling and Reportin9 by Charrtiès: Statèment of Rer))mmended Prac"ce applicae to charrties preparing their accoun15 in aw)fdan with the Financial Reporling Slandard ¥ppli¢able in the UK and Republic of Ireland (FRS 102) leffecbve 1 Jarwary 2019)". Objèttl¥s and activities A summa as sel out in its In the inte$1S of soual rehabilitatKJn and in furtherance of pul1¢ educatiiyn to promote and develop In collaboration wrfh other bodies and organisations thIn the London Borou9h of Hounslrm IL8HI. new initi'atwes for children and young peoplè in troub with wliaikr, trxrt Th)t axdusY4e. reference to the prowsion of aiternaiNe$ to residential care and ujstody. Tms indudin rowded b the cha the cha s or dfflerences it seeks to make thro h its actiththes indudin blic benefit The visicffl of Ihe ¢h¥nty Is to womote aThJ deveky prograrrmes to meet Ihe soaal. curtwal and ethjcational needs to ¢hildr¢n and young peOe within LBH. paiticularty * risk of sooal exthsion. and show them possibilities that they mi9ht not have imagined. Anex lan n of the cha s main ob'eciives for Ihe ear We continue to innovate, review and enhance our services in response to need. Our seTrics are delivered from eight strategioalty placed centres, to reach the most wlnerable young peopbe and famil$. Mosi of Ihe hig specification ¢entres are provided as in-kind support from our communty and corporate partners, such as Fertham Arts Centre, Treaty Centre Hounsbw. ChiswKk House & Gardens. Working with cEntres across Hounslow ts part of our long-temi stralegy to prowde agile, Ilexie. and far-reaching serwces in a cost-effective way. We are o)niinuing to use our expertise in developing under-used community assels to deliver our servsces and work with a broader range of community partners. lappry into adithlional ¢wabille$ capacty. We have devdoped a COmnation of to face, digital p)stsl seThicEs to support wlner8ble young people and their families Ihroughout Ihe pandemic and beyond. ital Services During the pandemic our digital arthilect consultant created enhanced. secure, and dynamic digrtal platfomis to deliver our programmes through lo(*dovmslrestiiclions. Digrfal seNices continue to be part of service delivery lo ensure accessi1 and dynarnic landscape of learning for young people. Tele Su ort Seryices This Service was deveh)ped dng lockdowns and sthool closures to support parents with comple¥ caring responsibilities. We continue to deliver this seTrryce so we can sustain a hh ve1 of emotn81 and practul supptsrt lo families and monitor and respoNJ to Changing pattems of need foloTrg the impad of the pandemK.
HOUNSLOW ACTION FOR YOUTH ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Pos
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The pandemic highlighted the lack of SoUrceS avadabk to vulnerable tsmie$. We prowde famdy leaming packs lo families who do not have access lo W-fi. COMpe[s, or olher device5 to acce55 our digital programmes to ensure equalily of opportunty and deliver seeds and Ws to he¥> famlies who do not have access lo ouldLHJT space to bring plants inside their homes. Our allotment provJed valuable ecoTrtherapy actMtie5 during the pandemic. at times when meetings outside were permitted. Young people continue to plant a wide rarwje of flowers aThJ vegetabS in the allotment, beneffting from bwng in calm therapeutic spaces. whilst deveknping valuable community resource and participaling wrth their communty. Maintaining thèse additional means of support enables us lo respond lo the phy1 and mentsl healh needs of children and families post-pandeTh¢. As part of our ¢ommitmenl lo ¢fyd•vebping SeM¢tt With young people and farnib'e5 and other stakeholders, we monitor and rewew HAY'S Sel¢e$ wularty Its enwre Ihey are effecb.ve and s1-effirienL meeting the needs of the most vulneraUe young people and fam4ie$ in our c¥Jmmunity. Evaluatlng our servKes and responding lo the nee¢Js of Ihe youn9 people and tsmilies o)nb"nues lo be a priryity for HAY and we have a dedicated team of social resear¢h volunteers and resear¢h ¢onsuttanls. as well as membership with NCVO, Ealing & Houn51ow CVS and olher monf(oTing and evaluab.on training and resource b(Jies. We continue lo maintain good relations wilh those granl-giwng foundations thal support our work. whil$l cullivaling relationships with prospective donors in order thal we can continue to diversify our income streams. We continue to seek lunding for core cosls as well as project funding and have been successful in securing large grants from the Henry Smrth Charty and the Emmanuel Kaye Foundation,whose fvnding also helped us lo ¢ontinue lo pfovide and adapl OLW seNces, responding lo the emerging needs of disa(fvanlaged young people and their families as a resull of the pandeffic. Staff pewe also (xnlinue to raise funds for projects and activitEs. We conlinue to dèvelop good workwig relalionships Titi corporatè partners, who have support•d the developmènt of our projects through both funding, access to open spaces and their lèchnical èxpertise.
HOUNSLOW ACTION FOR YOUTH ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 HAY'J Progrnmmes Bonds Pro - This project has been ddi¥ered dwJtlalty Nia Zoom onlin& sessmS through1 most of th¢ year. Th• pandemi¢ ¢ausèd a signfficant dedine in the mentsl heahh of the children, young p8ople and famili¢$ we work wrth. Not onty wère they womed aboLrt thLyr physical health but many of Ihem were conffine¢J for months in Cramped and poor housing conditrons with no ouldoor sp. Cuslomi5ed emotional wèllbeing pa¢k5 were sent out lo families a¢dIng lo their dVal ne$. 100% of parents reported that Ihese improvÈd famty rela1k$hlpS and the behaviour of thldren who were struggliThJ lo cope during the isolating experièncè of lothdown. Weekty digita group wortshops and one to one supwi were provided for young people in place of Iheir daily group support semees. Zoom Education was used. These services supported young people slrugglng with conffinement, lack of routine, managing emolions and behaviour. The young peotye It)ok part in many W0PS inthding ¢ookAIg. arts. artle¢o thefapy and garr$ s¢$$ions. 100°A of parents reported that their children were meaningfvlty engaged and were able to sustain their leaming and found the sessions stsmulating enjoyable. Parents also rèported that it was good for their mèntal heath to receive support and to benefft from the rewe that Workshops pded as they too fett isolated. alone, and concerned about the future. Our online sèssion5 alkjweil families to ¢onne¢t wrth each olher and prothded Strlure lo thèir day. We were able lo send them the materials and èquipmènt needed for th digrtal sessions sts thèy could engage with our interartive sessions. This had a 1ct impact on Ihe wellbeing and mental health of chmren, Yng people ar their families as il wovided daily struc and enat4ed them to connecl with staff aThl other young people in the absence of physi¢al contad wrfh family and friends. n'sP Our Young IAbmen's creative wnling project has supported 120 young women to increase their creatiwty. literacy ènd other core skills. targeted care leavets and Ih05e 81 Itsk of gang5 and sexual exploitation. Vve use thè arts to engage hard to rèach young women and raise the aspirations of young women Ygm in family ¢ydes of under-athievemenl and unemplgyrnent. IAI)rk5hops are fa¢ilitated by award- Wnning womèn authors who motivate young women, helping lo in(xease aspiratKns and engagement. Last year Yn9 women V&Tole at#)Lrt thernes arKI issues partDJbrty in Telalion to Cowd-19. Nalional Lockd(wns and Ihe Bla¢k Lives Matter movement. Their work was pU1$hed in our 4th anthology. Monuments. This was our rirsl e•book released on Amaton. h"n9 us reath larp and wde audEn¢es. Our Plonurnents di9rtal launch was ¥ huge su¢¢ess, young women SkKJke ai¥Jut Iheir writing journeys and perfom)ed thew woth to guèsts including HounslL)w CoUn10r.$. $tstutory organisations. community groups. famity and frn(ts. Thi5 year we moved from an empha&s on a digrtal modd to factrt¢>fa¢e model folk7wing feedba¢k from young women who told us they were ready lo reconrieLI wrth eath other in person. They wanted to rneet in social settings, wherè they wuld talk lo eath other )wt thèir expenences le0P vilal fa¢frlo-f¥e swial and Supportsve nèh¥orks with peers. The youThJ women are now working toward$ the next anlhology..exploring how Iheir lives have Changed post- pandemic. Ihe new norn). r8-engaging in nalure and the (Mjldoors after experi•ntyn9 Iwo ¥ery tha[nging years of Isolan. Publishi Placèrnenl$ - Young peokNe who complèted wnb.ny woJe¢t Icld us they wtr in¥4red lo explore diffwent professional pathways in the arts. T wanted to build work Èxperiènce and cortla¢ts in the arts sèetor, and explore routes into employment in arts industries. They were placeij 7itth our partner. 14 Magazine, art Illustrated poetry magazine featuring a significant number of intematM)nal poets frryn diverse communities. Young people worked with award winning wriieTS and editors lo leam all a$pe¢t$ of ihe pubb"shing induslry, induding selecting poetry submissions, editing, designing images. promoti¢)nal ¢ampaign5 and evtrnts. Young people re¢¢id a¢¢redrted qualificalion in Magazinè PublishThJ.
HOUNSLOWACTION FOR YOUTH ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 nt r Pro'ect- Our Ywth EntPreneur Proie¢t prwded enterprise and technology workshops for young peotAe with speaal educational needs. those Feawng ¢afe, and young p8opS& not in edu110, employment, or training. This proiecl was ¢o-devèlod wrth youNJ pÈople during the course of Ihe pandemi¢. They fett thai the increasing leaming gaps and inean9 rates of youth unempk)yment as a result of the pandemic would have a sNJnifunt impact on their fvlures. They wanted support to explore their own busrness idea5 arKI buikl their employabilty sk115 to Iease th•"r chances of suws. The workshops were delwered in partnership wrth Ihe award-winning Uttra£ducalion learn and Ihe Programme is accrediled by ASDAN. Young people gained valuable qual¢f¢cations, improving 8ccess to education, employrnenl. apprenliceships, or training. Young people developed business ideas for Animal Care SeNces Idog walking. animal sitting). virtual woffy monster lan app Whe you gel support for worries). women's only boxing gym- wilh a focus on women's safety and bespoke candle making. Volunteer Trainin Our Volunteer Manager continues to deveknp our volunteer training and supervision programmes and systems. We provide high kvels of trainir¥J and supwl for our dedicated and hi9hty trained pool of 3110 volunteers. Over the coming year. we plan to conts'nue to recrutt, support and retain more volunteers from the communty, en$uMg people in the community are ¥0led in the delivery of our work. We have established strong intemship programmes. where volunteers can gain skills across a range areas induding project management. finance. fundraising and communi&10$. We will continue to suslain our eollaboration with our bcal vUnteer Centre, NCVO, London Youth, Partnership for Young London and other volunteer training bodies to ensure our vcAunteers have access to htsjh quality training. Skills gaine¢J wll enable people in our communty lo a¢¢ess emF4oyment and training for thrithng fUtUs. We will dosdy monitor our servi$ arKJ adapt a¢¢ordin9ty based on feedback from young petsple. parents. volunteers and partner organi5atKJns. We wll hold quarterly nSUll0110n$ $0 they are meaningfully involved in the matter$ that affecl them and their mMnty. In sponSe io ihe ernerging rnenial heallh diffulties fa¢ed by youn9 peoFle, we continuè ts irain our staff lo become Mental Heatth First Aiders. trained by Mental Hearth First Aid England IMHFAI. In addilion lo this. we have trained stafl to become'li5tenin9 ¢hampitsns" through theAnna Freud Cèntrè.
HOUNSLOW ACTION FOR YOUTH ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Achl•v•ments and p•rfofflianc• The charty continues to revM¥ its prOgrme$ and the fiJndirwJ avaiLatle lo them. We continue to build on our partnerships wrth businesses. cs)mmunity groups. and edLtiOn sectors to channel in-kind supporl. This year we developed new partnerships lo inuèasè OLFtdooT activities to help yeung pèoplè to rngage with the outdoors and the natLwa wc¥hJ as part olthwr recovery folk)wing the isolatn of lockdown: - The Br9¢ School. pro Ihew forest xhool aThJ s¢nBcry rooms for groLP work and one to one work with ¢hildren wrth speual needs - Chiswick Business Park. PTovKle asS lo the¥ wothshop space5 arHI lakeside event space as well as efflployee volunteering from the many onsite bu5ine55es . ChiswKk House and Gardens. PTowde beaubfrjl grOS and dedicated outdoor leaming space for workshops and acts'vities These partnerships are enablirvJ us Io Work more costtheffeth¥ety lo dèlpAr essenlial $eNi¢es to vLdn&rablg young people and families and bringing ValUae resour¢e$ lo benefft young people from Hounslow post- pandemic. We have improved our mechanisms of woth.ng Wrth eommunty partnèrs a¢ross the Borough, developing Strong relationships and widening OUT neh¥orks. $0 we can wnb.nue lo thannel high quality resources to young people. We supwrted 600 young people and parènts this yw. Outcomes Our end of year consuftalions with ycwng people found: 90% Inased aspiralions.. participants reported hcw they were at4e lo transfer leamings into real world opportunities, for example. communtIng confidenuy with othws 95Yo of participants improved confidence emolional welbeing 86% improved core skills 89% decreased isolats'on 79% increased sense of behjngw Our end of year consuAations wrfh parents found". 85% reported t have seen a POSi¥e Thpact on trir cfmld's brnntsl health as a suM of ¢)ur one to on& support 94% of parènts improved their emotion heaAh. lIlarty during the lothdovms due lo the telephone support they received 82Qh pOrted that their ¢hiklren were not taknng part in hamrful tehawxffs 100Yo feported improved family relationships. with less famity CA)nflict 89% felt more eonfit1ent in SuppOn9 Iheir child and their cwn reeds . 80% who re referred to essènlial semces were acosng vrtal $w)ort Our digital arml telephone support systems. kntythedge and skills. deveh)ped %*Jring the pandemic has enabled us to Use remote and digtlal spaces as tynamic landscapes of learning for young people and farnilies. All our youth Workers are digital YOUwo irained and we now use hybrid serwcE5 to deliver sucLes5fv1 hh qualily ]"5ed suprrtjrt services alongside faCe-tcface support models. We continue lo operale from strategic¥Ity placed sites across Feltham. Bedfont, Hanworth, ensuring young people can access our service5. Our staffed minibus services provides transport8t for vulnerable young wple a¢TOSS the Borough lo our various services. We are cThnmrtted lo ensurin9 that youn9 people wrth disabilit&S and complex n¢&d$ un access al our seNices.
HOUNSLOW ACTION FOR YOUTH ASSOCIATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 FIMn¢ial rnvi¥w Review of finanaal The charity received in¢ome for the year of £211,598. had programme expen(tilure 01 £286,552 and a net gain on ils investment of £14,844. Thè overall deficit of £60.110 was dedu(aed from broLYJht foNard funds leamng unused funds of £218.017 at end of Marth 2022. Reservès The approved polw lor Oesb3naled Re5eNe$ is at an amnI equal lo four months expendriure for programmes not covered dedicated lunding and the ¢haiiWs costs. For lh• current period this has be ¢alwlaled al £35,000 {2021- £35.0001. A$ unr¢$lricled reser¥es. including Oesiwat¢d Re$erve. exceeded £143.000. aThJ subsequent lo the ye¥ end a furtlei £65,IJJO of fft cost funding was recèived, thè Tmstees were saiisfiad that the Charty remained a gn9 con¢em. Prinri hek Funding foi our adivities during the year ¢ame from grant gNrny foUrthtnS {84%1, inthvidual donalion13.0°hl, govemment and local authority {5%) and investment inc(Ml8%). Operating expendrture incurred during the year were stsff and programme ¢o$l$ (72.2%), actiwlies {5.80AI. Premises costs 13.WA). fundraising 16_7°Al and Support and Admin 111.5%). Balances remaining on SIn"C1èd funds al the year-end are ring-fen¢ed for use in fLrture finatKial years. Al the ènd of year 31 March 2022 carried for4vard r$¥• induth Restrict•d {34%1. Designated 116%) and Unrèstrieted150%}. Inv Surplus funds are invesled in the CCLA Charibes Inbp51menl Fund whith is an ea$ity a¢¢51b1& dw5ified fund desi9r1 for tharities. The Trustee5 review the investment al each board meeti. The major risks lo whith Ihe charity exposed and ViewS and syslgJns Mi pjace to mrtl9ate tho8e risks. The trustee5 has assessed the major risks lo whith Ihe ¢hanty is exposed, and are $ab"sfièd that systems are in place lo mitigate exposure to the rnai risks. The charity maintains a risk register based on a tsble of polenbal risks. ranked via a traffic INJhl system. according lo Ihe aggregate of b'kelihood and severrty of impact. This 15 kept under regular YeeW and is formal updated once a year. It was updated in in light of Ihe COVltk19 heatth rJisis. in June 2020. This exercise led lo an 'upgrading' of the risk of Ihe loss of Truslees, however, Iwslees cOndled that the existmg mitigats'ons remained appropriale. The principal risks fa(¥ng the Charity are: Overspend on exists.ng prograYm)es. resuttl in unsuslainable fman(3al run rate reseNe$ po$iti¢)n. This is mib'galed by qvarterty review of revenue. costs and reseNes by pro9ramme by the Twstees and regular rTh)nitoring of to¢8$1 Spend by bolh staff and Truslees. Inability lo ra15e new money. resulb"n9 in inabilty to continue as a going ¢oneem. Th5$ 15 mitigated by using an employed fundraiser. wrth dear goals and rÈgular progress reports lo Ihe Board and by appointing a Trustee with fvThYraising experience lo guffle strategy. Failure to ensu the ongoing o)mmilment and performance of TfU5tees. leading lo poor govemance and a lack of slrategic direction I planning. This 15 mrtigaled by mainlaining an appropriate balance of skills, ewdenced by slIS audit, by a proaclNe Tnjslee recruitment campa*Jn and an annual reM¥w of Truslee attendance and cOntribU.0n by the Chair. the financial s0 in riods The charty plans to maintain all of its exi5b.ng programmes With any polential funding constraints bul beng in mind 115 level of reserves. The charty will continue lo review its programmes in the light ol i¢$tridion$ and reductions placed upon its budgets. as well as knking into devehping furthèr the rango of where funding is avatlable.
HOUNSLOW ACTION FOR YOUTH ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Structure. gov•mance and management The charity is a company limited by guarantee and does not have share capital. li is incorporaled under the Companies Act 20C6, the goveming instrument being the Memorandum and Artides of A5KrAats'on dated 3 September 1986 (updated 25 Juty 2016). The trusleas, who are aso Ihe directors for the of comp*ry law, and seThed durng th8 year and up to the date of $vJnature of Ihe finan statements were: l Bryant M E Longhurst C Martsn DrAmril Sachar M Begley B K OhalNdal F Hooker R C McAdam M Tahir S Ournouassan {Resigned 12 JY 2021) (Apptynted 8 OdobeT 2021) (Appointed 23 Marth 2022) (Appoinled 23 Marth 20221 (Apwnted 23 March 2022) {Resigned l Mwch 20221 The methods adoptsd for the ffcNitinenl and appointment of new trustees New trustees are typicalty rec4ynmendèd lo ihe charity through personal introductions. However, thi5 year we have continued to put adverts out locatty and on soual rnedia to increase the reach. Potential trustees are con5Nlered by the Nominations Commrtlee for ther levant experience which will widen Cf SUPPOrt the balance of 5ki115 of the e$tIng trustees. Th• policies and procedur•$ #doptsd lor the induction and knining 0ftnte¢S New trustees are induded through meetings with the Chairman. trustees. and Transition Diredor. plus a visit lo a Youlh Programme and meeb.ngs th sentor managers. None of the Iru51ees has any beneficial interest in the company. Al ofthe twstees are members ofthe c£mpany and guarantee lo ¢onln"bule £1 in the event ola wirIng vp. The oryanis•lion stffucture ofthg ¢h•rity and how decisio are madè The Board meets al least 51x limes per annum and these meetings arè attended by the Director. 11 delegales to, and rteeives reports trom. thè SutCOmmrttee$- Finance and Employment and Nominabons. The Dire¢lor is accountable to the trustees and reports to the ChalerSon and Deputy Chairperson.
HOUNSLOW ACTION FOR YOUTH ASSOCIATION TRUSTEES, REPORT ONCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Th¢ trustees. xe aLso the 4irEdrys of Fw Ywth Assogth'lor the pwpJse of cowny 14w. afE re¥pob lor swring ¢he Trwlee¥' ReFrt •TrJ the finwKi81 sl•terrwl¥ in 8¢cordanc ilh PraLKel. tsirmvw oflhe state ct8ffair¥ ofthe cw 4rJ ofihe resoLWfW aThJ alrestyrn. indudlr4J the income expen¢Jdure. olthe ¢haiiiatle e4mpanyf•rth8t yew. In prtPng rrrt. lh• Iruth5 are reqred kn." 4i5dosed and exPined in tF stairts.. . pr¢par• lh• finan slaternents on t wAng bags Is to presLTh Ihol tharty will kn.1je in s)peraork The Irustee5 È rewslblt ltr adequate accCwryll tetords thai doSe renable •CraCY al any tinE the finan¢Jal posrtion oflhe aTrl enal4e thern trt tn5urt th#t the fina stements comply the cOrnpan Act 20C6. TY w• also res[9 fw 5alegJrrfmg the asseis of hwc• takiry feasmatde sleps lor amd deteca1 offraud (thr irreg•r1S. 015¢10gure of Inl¢>rnwt5on to au Ea¢h ol tho Iivstet¥ h•s th81 Ihere il InfrMati c4 they are ¥waro 1$ r¢lov•nt to the aud¢ but ofwttich the is unaware. They ho4* Ihal they have taken 8p$ The tru5tee$' Lmghu Truslee
HOUNSLOW ACTION FOR YOUTH ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HOUNSLOWACTION FOR YOUTH ASSOCIATION Oplthlon have audited the finanaal stalernents of Hounslryw Aclion FOT Youth Associath)n (the 'charity? for the year eniled 31 March 2022 which compfise the slalement of financaal aclivities. the balance sheet and the notes to the finanLial statements, induding a summary of significant accounting pc4icies. The financial reportiThJ framework that has been applied in their preparalion 1$ ¥pICable law and United .gdoM Accounting Slandards. including Financial Reporting Standard 102 The Financial Reporti'ThJ Standanl wlicaljle in Ihe UK and Republic of Imland (United lfjngdom Generally Accepted AcntIng PractKe). In our ownion, thè financial statements.. give a true and fair wew of the sLite of Ihe charitable compan1$ affairs as at 31 March 2022 and of its incoming resources and applution of SoUr5. for Ihe year then en¢Jed", have been properfy prepared in a¢¢tydan¢e iknrtèd "ngdoM Geraty Ae¢epted A¢¢ounling Pra¢tice'. and ha bèen Prepared in accordance wilh th• rewirements of ihe CompaniesA¢t 2006. B•¥i$ for oplnlon We conducted our audit in aoran with International Standard5 on Audiling IUK) OSAS (UK)) and applicable I. Oui. respunsibilil5 uii¢J¥i iliuse slaiiddrds dre lui Ili¥i des(AibwJ iri Atsdiloi's ie¥)orisikn1ilS Ilie duthl ul the financial stalenntS section of our rewt. are tndependent ol thÈ eharity in accordance with Ihe elhi¢al requirements that are relevant lo our audlt of the financial statements in the UK. induding the FRC'S Elhi¢al Standard, and we have fulfilled our other ethical responsibilrties in acrA)rdancè with these requirenIs. We believe ihal Ihe audfi ewdence w¢ have obtained Is suffiry.ent ar appropftale lo provide a basis ts our ow'nion. COlUSiOnS relating to going eoneèm In auditing the financial statements. we have (>)nduded that the truslees. use of the going ¢on¢em basi$ of accounting in the preparation ol the finanual ststements is appropriate. Baseil on the work we have perf1. we have not identTfied any material uncertainlies relating to events or conditions that, individually or collecaivefy, may cast signthcant doubt on the charity's ability to continue as a going ¢on¢èm for a per•)d of at leasl tee months from when Ihe financial statements are authorised for issue. Our rèsponsibilitS and the responsI.tieS of the trustees wth respe(a to going cotxern are described in the relevant seth'ons of this report. Othèr Inforn*llon The other information comprises the infoation incajded in Ihe annual report other than the financial statements and o¢Jr auditorfs report Ihereon. The Iruslees are responsible for the other informabon contained wrthin the annual report. Our ow'nion on the )Inancial slalements does nol cover Ihe olher infomation and, except to the exienl otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infrKmatKJn and. in doing so. ¢onsKler whether the other inforrnats'on is materially inconsistent with the finanriol statements or our knerf9e obtained in the ¢ourse of the audr(. or 01heiSe appears to be malerially misstated. If we identfy 5uth rnalerial in¢onsiste&s or apparent material fflisstatemen15. we ¥ required lo deterrnine whether this gwes rise lo a material misststèmènt in the financjal statements themselves. If, based on the work we have perfom)8d. we Condude that there is a material misstatement of this other informalvJn, we are required to report that fact. We have nothing lo report in this re9ard. Op5n5ons on oth?r matters pres¢ribgd by the Comp•nies Act 2006 In our opinion. based on the work undertaken in the course of Ouf audrt". the inlom)ation given in the trustees. report for the financgal year fof which the finanaal statements are prepared, which includes the directors. report prepared for the purposes of ¢ompany law. is consistent wrth the fmancial slatements,. and the directors. report included wthin the tru51ees' reptyt ha5 been prepared in accordance vith applicab gaI requirements.
HOUNSLOW ACTION FOR YOUTH ASSOCIATION INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF HOUNSLOWACTION FOR YOUTH ASSOCIATION PA•ttern on T*hich we are required to report by exceptlon In Ihe light of the knowledge and understanding of thanty and rts enrOnment obtained in the course of the audil. we have not identrfied material mi551atements in ihe director5. report induded within the trustees. report. In the light of the knowledge and undeTslanding of the company and its environment obtained in the cnurse of the audd, we have nol identffjed material misstalements in the tfU5tees' report. We have nolhing to report in respect of the following matters in relation to which the Companies Act 21J]6 requires us lo report lo Y rf, in our opinion.. 8dequale accounting record5 h8ve not been kept. or relums adequate for our audil have not been received from branches not Visited by us. or the finan¢ial statements are not in agreement with the a¢¢ounkn"n9 re¢ords and relums,. certain dlsd0suS of truslees. remunefation speufjed by law are not made: or we have not received all the informab.on and explanabons we require lor our audit., or the twstees were rK>t entrtlat1 to Pfepare the financial ststèments in accordance with Ihe sm811 companie3 Tegime and take advantsge of the small ¢ompanies' exemplions in pparing the trustees. report and Irom the f8quirèmÈnt to plre a strattgie rèport. Rt¥pon¥ibilitie$ of trustees As explained more fully in the statement of trustees. respOnbIllIes, the tru$tee$, who are also Ihe d1ctOrS of the charity for Ihe purpose of company law. are responsible for the preparalion of thè financol statèmertts and for being satIsfd that they givè a true and fair wew. and for such intèmal Contr as the trustees delemine 15 necessary lo enae the preparation of finanual statements that are free from material misstatement. whether due lo fraud or error. In preparing the finanoal statements. the Iwstees are rèswnsible fty a$sessin9 the ¢harity's ability to ¢onlinue as a going ¢on¢wn, dtsdosing, as appli¢•bk. matters rekled to gclng ¢orKem and using the going eoncem basis of aeeounting unless thè truslèÈs èrthèr intend to IAuKlatè the chantabk u>mpany or lo cease operations. or have no realisiK attemathve bul lo do so. Auditorfs responsibilities for the audit of the financial statements Ouf obieetives a lo obtain reasonable assurance about whether ihe fina141 $tstements a$ a whole a free frc material misstatemènt, whether due lo fraud or etror, and to issue an audrtOT'S report that indudes our opinion. Reasonable assuranct is a hi9h levd of assuran¢e bul is not a 9uaranlee that an audit conducted in accordance with ISAS (UK) will always detèct a Materi misstatemeni whèn rt exists. Misstatements can arise from fraud or error and are con$i(lered material rf, irtdmdually or in the aggregate. they could rea50blY be exFected to influence the e¢onomi¢ dÈ¢isions of users takèn on thè basi$ of these finan¢ial stsiements. A further descJipts'oD ol our responsiblik5 is avalable on Ihe FinanrAal Reporling Counc41's websile al.. https'.11 vhVW.frc.org.ukJauditorsSponsIbl1rtIes. This desc¥iption forms pari of our audilorfs report. 10-
HOUNSLOWACTION FOR YOUTH ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOUNSLOWACTION FOR YOUTH ASSOCIATION Extent to which the •udlt was consldered capabk of detrctlng irre9ularitios. incltsdlng fraud Irregularities, induding fraud, are instances ol non-complvance with law5 and regulations. We design procedures line with our responsibilities, outlined above and on Ihe Firtrancial Reporting Counryl's website, to delect material mis5tèlements ¥1 SpeCt of irregularrties. induding We oblain and update our understanding of the enlity. its actiWis. its control enwronment. and h'kely future developments, including in relalion to Ihe kgal and Tegulatory framework applicable and how the enlity is complying with that framework. Based on this understanding. we identify and assess the risks of rnalerial misstatement of the financial slatemenls, whether due to fraud or eryor, design and perform audit wocedures responswe to those risks, and oblain audrt ewdence thal is suffiaenl and appropriate lo provide a basi5 for our opinKJn. This indud8S consideration of the risk ol a¢ts by the entty that were ccffltrary lo applicable laws and regulation$. inthding fraud. In response to the risk of irregularits and non-compliance with Iwws and regulalK>ns. induding fraud. we designed procedures which induded.. Enquiry of management and those charged wth governance arouThJ actual and ptential litigat)n and claims as well as aclual. suspected and alleged fraud.. Rewewing minutes of meeiings of those charged with gOnce., Assessing the extent of compliance Ihe and regulations considered lo have a direct material effect on the financial statements or the operations of the entty through enquiry and inspection., Reviewing finanaal statement disckjsures and testing to supporting d0curnenta1 to assess comFliance wNh applicable laws and regulalions.. Performing audit work over the risk of manageffent bias and OVeIde of ttjntrols, ilUdIj testing of joumal entries and other adjustments for appropriateness. evaluating Ihe busines5 rationale of significant trsactIOnS out5th the normal course of bu51135 reviwNJ accounling e5ts'maies for indicators of polÈntial bias. Because of the inherent limi&Iorts of an audit. there is a rtsk that we wll not deled all wre9ularilies, Iluding those leading lo a malerial misstalement in the financaal statements or non-¢omplian¢e wrth regulalion. This risk increases the more lh compbance wrth a law or Tegutation is removed from the event$ and lran5acfy.ons rellected in the firnancial slatèmènls, as we will be less likety lo becorne awarè of instsnces of non-wmpliance. The risk of not detectin9 a material mis5tatemenl Tesutting from fraud is hhe[ Ihan ftr one SU1n9 from error, a5 fraud may involve collusion, forgery. intenlion31 omissions. misrepresentatth)$. or the override ol intemal control. Use of our report This report is made solety lo Ihe charitable o)mpanVs members, as a body. in accofdance with Chapter 3 of Part 16 of the Companies Acl 2CKA. Our audil work has been undertaken so that we mighl state lo the charitablè company's members those matters we are required lo stale to Ihem in an audilors. report and for no olher purpose. To the lulesl extent permitted by law, we 110 not accept or assume re$SIbil to aryone other Ihan thè charitable company and the charrtable companrfs members as a body. for our aLtdil work. for this report, or for Ihe oprnions wè have fomied. Robert Southey (Senior Statutory Auditoo for and on behalf of Azets Audit S¢r¥l¢os Chartered Accountsnts StatutoryAudltor 13 December 2022 Ashcombe Court WooLsack Way Godalrr4ng Surrey United lQngdom GU7 1LQ 11
HOUNSLOW ACTION FOR YOUTH ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Currtnt fin•n¢lal y¢ar Unrestrl¢ted Restricted Total Total 2022 2022 2022 2021 Donations and legac5 Investments 135,584 4,378 71.636 207.220 4.378 370.042 4.312 Total incom• 139.2 71.636 211,598 374.354 nditure on: Raising funds 19.2C6 19.2Cfj 9,897 Chariiable aclivities 181,651 267,346 313.427 Total exp•nditu 104,gJ1 181.651 286.552 323,324 Net 9ainslOos5esl on investments 10 14,844 14.844 25,065 Ilet movement In fund$ 49.905 1110,015) (80.1101 78,095 Fund balances al 1 April 2021 95.262 182.867 27B.129 202,034 Fund balances at 31 March 2D22 145.167 72,852 218.019 278,129 The ststement of ffinancial acti7ths indudes all gains ano bsses reo)gnised in the year. l income and experbdiiure dprive from C0nbnn9 aclmbes. The slatemenl of nanal acbvrt*s also complies with the rewJ"Tements for an ncome and expenditure accowi ndef Ihe Companies Ac4 2006. 12-
HOUNSLOW ACTION FOR YOUTH ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2022 Prior financial year Unrestricted Restrlcted fvrb funds 2021 2021 Total 2021 Incom• from: Don8lK)ns and le9aoes Inveslments 107.052 4.312 262,990 370,042 4,312 Tol•l in¢om• 111.364 262,990 374,354 enditufe on". Raising funds 9.897 9.897 Charitable activities 33,727 279.700 313.427 Total expendibjre 43.624 279,700 323,324 Nel g*nslOosse$) on irbvestmenls 10 25.(65 25.065 Gross transfers tetsveèn lunds 136,124) 36.124 Net rnovemtnt in fund$ ,681 19.414 76.095 Fund balances al 1 April 2020 38.581 163.453 202,034 Fund balancK at 31 March 2021 95.262 182,867 278,129 13-
HOUNSLOW ACTION FOR YOUTH ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2022 2•22 2021 Flx•d 160.989 146,145 Deblo Cath atb¥nk al1n0 13 1.981 90.343 29.619 128.091 P2.324 155,710 one year 14 135.2941 .57.030 131,984 218.019 278,129 Incom• fvnds RESkncte¢J lund5 182.867 D¥siwated furbys Gener•1 unr•slridEd f4md8 17 35,000 60,262 110.187 145.167 95,,262 218.019 274.129 È fir0nrio1 4ELM C•fflpany rtAlstraiiM numbw 020817 14_
HOUNSLOW ACTION FOR YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2022 A¢¢ountlng poli¢i8s Ch•rity infommtion Hounslow Action For Youlh Assocaat#)n is a priwate company limited by guarantee incorporated England and Wales. The regislered offi is Ashcombe CO[. Woolsack lthy. Godakning. Surrey. GU7 1LQ. United Kingdom. 1.1 Aceountlng ¢ontIon The financial statements have been prepared in accr)rdance wilh the chaW5 Mem(Kandum and Art¢cles of Association. Ihe CornpanEs Act 20( and "Accountsng and Reporting by charrtS.' Statemenl of Re¢ommeniJed Practice applicabk to chanb"e5 preparing I1r a¢unt$ in aCrdanCe with the Financial Reporling Standard applicable in the UK and ReputlK of Ireland IFRS 1021 (effecive 1 January 20191" The charity is 8 Public Benefit Entrty as defined by FRS 102. The charty has laken advanlage of the w0$10n5 in ts SORP for chwilie5 apptying FRS 102 Update BulEetin 1 notto prèpare a Ststement of Ca$h FI5. The fin8n¢ial statements are ppared in 51erfirhg. whKh is the functional (arenry of th& charity. Monetary amounts in these finanoal ststements are rounded lo tre rte81 £. The financi stalements have been prepared Lmder the tu"slorKal (a)st (¥¥ntn. The principal accounting polioes adopled are sel oul beh)w. 1.2 Golng concèrn As a resutt of Cod-19 the dHrtty has been able to access several granls to Provide an onfinE service during lockdown. Existing pfogrammes have also been able to continue online duè to the addItn31 support ol tt¥o existing funders. Therefore at the time of approwng the fjnanual statemenls, the trustees have a reasonable expectation that the charily has adequate resources to continue in operational existen for the foreseeable fLrture. Thus the trustees cothue to adopt the corKem basis of accounting in preparing the financial slatements. 1.3 Charitsblè fund¥ Unrestricled funds arè avaiLat4e for use at the discrelicffl of the trustees in ftsrtherance ol thew charitatle objeclives. Designaled fvnds comprise fvnd$ whth have been set asth at the disc¥etion of thtr trustees for specrfic purposes. The purposes and uses ofthe desb3rted fLmds arn set in the notes lo the financial 51alements. Restiicled funds are sLleCt to speufic conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set oul in the notes lo the fmanaal statements. 1A In¢om• Income is recognised when the charity is legaty entitled to il after any performance conditions have been met. the amounts can be measured reliably. and it is probable that Inc will be re1ved. Cash donalions are recc#3ni5ed on re¢eipt. Olher th)natiorts are recogni5ed once Ihe c8rity ha8 been notified of the donation. unless perfnance eonditlOn5 requiie deferyal ol the amount. Income lax recoverable in relation to donations received under I&ftAKI ot doed$ of ¢ovenant is reco9ni5ed at the Ibm$ ol the donat. L¥¢1*$ arg recognised on receipt or othemse rf the charity has been notified of an smpending ¢Ji$tribution. the amount is krthyn, and receipt is expecied. If the amount is not known. the lega is treated as a JnlingÈnt asset 15-
HOUNSLOWACTION FOR YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting polici•s (Continued) Oonaled professional ser¥ice5 and donated faulities are rectynised as ibKome tthen th• charity ha$ ¢JJntrol over the item. any condrtiofts asSoCted with the doned rtem havè been met, the receipt of the ectsnomic benefit from the use by the chanty of the item is probable and that the nOMiC bènefft can be measured reliably. In a¢cor(lance wth the Charities SORP IFRS1021. the general volunteer time 1$ rv)t recognised. On Ceipt, donated Profession semces and donatèd are rewised ¢)n the basis of the value of the gift to the charty which is the amount Ihe Charity wo have been wilhn9 to pay lo obtsin services OT fa¢iKtses of equivalent eCOr1¢ benefil on the (w market.. a corresponding amount 1$ then re¢ognised in expenditure in the period of TeceipL The ¢hanty re¢Èivès govemment grants in respecl of propds aimed at vuknerable young peopl&. Income from govemmenl and other grants are recognised at fair value when the tharity has entitlement after any performan¢e ¢ondrtions have been met, it is probable tw thè income will be receNed and ihe amount ¢an be measured reliabty. Ifentilement is not met. then these •wints ¥e d•ferr8d. In addrtion. the charity received Coronamnjs Job REtenn Scheme (CJRS) fiJndiThJ during the year which is recc¥Jnise(l in the Statement of Financial Acii¥iiies on an acuuals basis. Investmenl income includes dr¥Klends and intere51. Inleresl income is recognised using the effedive intwesl method and divsdend income is recognised a5 the Charty's right to recerve payment is established. 1.5 Expènditure Expenditure is recognised once there is a legal or cons1wckn to ISIer economic benefft to a third paty, it is probable that a transfer of econom beneffts be required in settrnent, and the amount of the obligation can be measured relkabty. Expendrture is dassified by actiwty. The costs of eath actiwty * made up of the totsl of direct costs and shafed costs, induding support costs invofved in undertaking each activity. Direct costs attribvlable to a single activity are allocaled directly lo that aclivty. Shared costs which contrib¢Jte to more ihan one activity and support cosls which are nol attrityjlable to a single activity are apportioned befften Ihose activities on a basis consistènt w¢th the use ol resources. Central staff costs are allocated the basis of time spent. and depreoalion char9es are allocated on the porlion of the asset's use. Support costs are those that assi51 the work of the chaffj bul do nol directty represent ¢Trtable activities and indude office cosls, govemance &isls and administratNe payroll c051s. Y are incurred directly in supp)rt of expenditure on the objects of the charity and irK4ude prqecl managemefil carried out at the charity's headquarters. 1.6 Fixèd asset investments Fixed asset inveslments are initmly measured at transaclion prKe exduding IfansacIn rst$, are subsequerrtly measured at fair value at each reporting date. Changes in fair value are recognised In net incomejlexpenditurel for the year. Transaclion costs are expensed as incurred. 1.7 Cash and eash •qUlVants Cash and cash equivalenls irKJude cash in hand. deposiis hetd at call wlh banks, other short-lerm liquid investments with onginal maturrties of three morhths or kss, and bank overdrafts. Bank overdrafts are shown within bwowings in current liat4&'ties. 16-
HOUNSLOWACTION FOR YOUTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2022
Accounting policies
(Continued)
1A FiTranclal Instrum¢nts
The charty has Èlectod to apply the pwsions of Se¢b"M 11 'BaS Finan¢i81 Instruments. and Sectw 12
'Otlw FinanLial Instruments Issues, of FRS 11y2 lo al of its aTrial inslwments.
Financial in5tnJmenl$ are reco9ntsed in the ¢harrt$ balan Sheet when the ¢harity be¢omes party lo the
contractual prowsions of the instrumenL
Financial assÈts and IAbditi"es are offset. wilh net amounts prèsented in the finantyal Slalements. when
there 15 a legally enforceable righl to set oft the recognised amoun1$ aryj there 15 an intention to settle on a net
basi5 or to ieak.se Ihe a$sd ant1 setlle the slmuttanetsLy.
8asi¢ finan¢ial •ssts
Basic financial assets. which i(1e debtors and cash and bank balances, are initialty measUd al
Iransaction price tnduding transaction costs and are subsequendy carrièd at amortised cosl using the effective
interest melhod unless the arrangement consiibjtes a financing transaction, where the transaction is
mèasuled at the present value of fuluie receipls discounled al a mathel rate of interest. Finanaal assets
dassffied as reCvable V•11h one year we rt aMtised.
Basie financial Ilabilllies
Basic financial liabilthès. irtlLJiftg Credrtots arhd bank kians arè inthally recognised al transacb.on price unless
the aangernent conslrtutes a financing transacbon. ¥the the debt instrument 15 mea5wed 31 the present
value of the ftjlure payments discrwnted al a mawket rate of mterest Finanaal liabilities dassified as payable
within one year are not amortised.
Debl instrumènts arè subsequentty ¢arrd al amortised cost. usin9 the effethve interest fate method.
Trade creditors are oblKJations lo pay for goods or SeICeS that have been acquired in the ordinary course of
opeT81ions from suppl. Amounts payab are d3SSrfd as current liabilib.es if payment is due within one
year or less. If not, they are presented a$ nort
HOUNSLOW ACTION FOR YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCM 2022 Donation$ and lrya¢i•s Tot•1 Unre5tri(aed Restricted funds funds 2021 2021 Total funds 2022 funds 2022 2022 2021 Donations ¥nd grfts Grants 1.474 105.$78 2.198 280.792 3,672 366.370 130.CQ) 71.636 201.636 135.564 71.636 207,220 107.052 262.99) 370.042 Investments Unm$tri¢t•d un$tri¢t¢d funds funds 2022 2021 IDveslmenl incorne Interest receivable 4.363 15 4.277 35 4.378 4.312 Raislng funds Unrnstricted Unrestricted funds funds 2022 2021 Other fvndraiwg costs 19.206 9,897 19.206 9.897 18-
HOUNSLOW ACTION FOR YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charltabl• actlvltles Youth worlt Youth work 2022 2021 Staff costs Actiwlies Expenthlvre Minibus Hire Equipment lorActivibes Greries Equipment Volunteer meals and travel Programme workshop and mentorry 163.886 8.601 1.514 1.551 1.116 176.735 8,B11 47 7.288 125 1.617 42,932 75.026 221,134 269.649 Share of support ¢osts {see note 61 Share of governance costs {see note 6) 29.695 16,S17 28.724 15.654 267,346 313.427 Analysis by fund Unreslwid&d funds- general Restricted funds 85,695 181,651 33.727 279.700 267.346 313,427 Support ¢osts Support Govèmanc• tosts 2022Supwt eosts Goveman¢e costs 2021 Olher staff costs Premises costs Telecommunications and (xjmputer ¢osts Administralive $ts Insuranc PPE and clothing Sundry expenses 5.991 11,375 5.991 11,375 5,874 5,874 9.860 5.941 5.941 6,158 3,282 1.875 962 113 6,158 3,282 1.875 962 113 1.715 1.715 89 89 Legal and profeswnal Consultancy costs 13.053 3,464 13.053 12,784 2,870 12,784 2.870 29,695 16.517 46.212 28.124 1 Jf,6SI 43,778 Analysed ben Charitable activities 29,695 16.517 46.212 28,124 15,654 43,778 19-
HOUNSLOW ACTION FOR YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Audltorfs vemunef41ion The analysis of auditorfs remeTlion is as foNtrws: 2022 2021 Audil of ihe charity's annual actnts 5.400 Total audlt fees 5,400 3.540 Trust•es None of trustees (or any person5 connected them) TeceNed any reMelat or benefrts from the charity during the year. Employe•s Number ol employees The average monthty nurnber of employees durin9 the year was: 2022 mnber 2021 Nurnr 12 Employmenl costs 2022 2021 Wage5 and salaries Social secunty ¥1$ Olher pension ¢o$ts 147,61)0 6.613 9.673 1S9.178 11.250 8.307 163.886 176,735 There were no employees vthose annual remunerat was £60.000 LY more. 10 N*t gainslllossesl on investments Unrestricted unlestrled fvnds funds geMral general 2022 2021 Revaluation of investm&nl$ 14.844 25,065 11 Flxed as$et investments -20-
HOUNSLOWACTION FOR YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 FSxed asset inv•stments Icontlnupd Llsted Investments Cost or valuation At 1 April 2021 Valuation canges 146,145 14,844 At 31 Marth 2022 160,989 Crying amount At 31 March 2022 160,989 At 31 March 2021 146.145 Flxed assèt inv•stments rÈvalu•d The historical cost of the listed investrnenls 15 £1IXI,(1202I- £1C(1.c). 12 Fin4n¢i•l instrumnts 1022 2021 Carying amount of fin•n¢ial Sets Instruments measured at fair value through profit or knss 160.989 146.145 13 Debtors 2022 21121 Amounts falling due fwlthln on• year. Prepayments and accrue(l in¢¢8 1,981 29.619 14 Creditorn: amounts fallSTrg due within one y 2022 2021 Trade u8ditors Accruals and deferred income 15.326 19,Sfj8 4.442 19.284 23.726 15 R11M•t b¢n•fft $¢hwnoS Defined contribution schen The charity operates a defined contritmjbon penon scheme for al qualrfying employees. Thg assets of the stheme are held separalety from those of the charity in an indepeTh aLknini$tered furnl. The charge lo the SOFA in re5ped of dèffined contriblrt stheme5 was £9.673 (2021- £6.307). 21
HOUNSLOWACTION FOR YOUTH ASSOCIATION NOTES TO TrIE FINANCIAL STAYEMENTS ICONnNUEDI FOR THE YEAR ENDED 31 MARCH 2Q22 •xplnthd 31 Mrth fj5.570 16.1 IZ5.079 1151X (16.1 {3ffi7S) 45) 16.403) f29.1981 182181 124 75253 52.322 (1C¢.4331 21.142 5.153 32.141 15.S57 21.978 11.Q531 11.W PS.D (6.E56) 4.1 18.652 8.1 9.8e6 2.441 7.750 YWPAoents cha luniEer CwdF)alC¢ YWPASsessmentProX VL5w 2020 Ctymmuntyes Fwd-LBH 6291 1S.4 51.174 gJ.411 ).3411 1fj3.453 162.5YJ P79.7U .124 18Z.W 71.636 (181.8511 Inihè ptmxyeat. YAS 4 cl.124 ItwtStsWCJRSNwx)rrtbty rt4kn¢41ÈdlO offs8tth• rdated.
HOUNSLOWACTION FOR YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 17 Doslgnated funds The income funds of the charity Inde the fo)vmg designaled funds whth have beèn sèt aside out of unrestricted funds by Ihe trustees for specif¢ purposes". Mov•m•nt in funds In funds 8alarK•ai Inc•mlng 8lanc• at In¢omkng l Awll 2020 rn80urc•8 1 WI 2021 r•50Uf¢•S BalaA¢v •t 31 204 Desiwaled funds 35,rJJo 35,000 35.0 35.CKJO 35.000 De519naled funds are an amount equal to four months expenditure for programmes not t>)veI by fvnding and the ¢harWs owm costs. 18 Anatysis of nèt assets between funds Unrestricted Restricted funds funds 2022 2022 Totsl UnTeslricted Restricted fijnds funds 2021 2021 Total 2022 2021 Fund balan¢e$ al 31 ar¢h 2022 arè represented by.. Investmenis Cutrènl asselsllliabilit*s) 88.137 57.030 72.852 160.989 57.030 35.000 60.262 111.145 71,722 146.145 131,984 145.167 72.852 218.019 95.262 182.667 278.129 Is Related p¥rty tr•nsa¢ti¢)ns Remuner•tion of key manag•m•nt pern4)nn The remuneratw)n of key managert prsonnel is as folkn¥s. 2022 2Q21 Aggregate compensation 45,880 45,857 The chanty ¢on$rflers ts key management F¢wnnèl to be the trustees and thp Transition Dire¢tor. -23-