DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
The Haileybury Youth Trust
Report and Financial Statements
To September 30[th ] 2020
www.hytuganda.com
Registered with the Charity Commission: 303244
1
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
For the period ending September 30[th] , 2020
Trustees
Jerry Pearce (Chairman)
Oliver Phillpott
Katie Stanyard
Martin Collie r
Graham Jinks (Treasurer)
Charlie Tebbutt (coopted)
Director
Russell Matcham
Ugandan Country Manager
Mauricia Nambatya
Assistant Country Manager
Edmund Brett
Bank
Barclays Bank Leicester, LE87 2BB
Independent Examiner
Julian Davies
2
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
Report of the Trustees
For the period ending September 30[th] 2020
The Trustees present their report and financial statements for the period ending September 30[th] 2020.
The financial statements have been prepared and comply with the Trust’s governing document, applicable law and the requirements of the Statement of Recommended Practice, ‘Accounting and Reporting by Charities,’ issued in March 2005.
Structure, governance and management
The Trust is administered by five Trustees, two of whom are nominated by the Chairman of the Trustees of the Haileybury Society and two by the Master of Haileybury. The Master is an ex-officio Trustee.
The Trust supports a registered NGO in Uganda, HYT Uganda and the Trust’s Country Manager in Uganda administers the activity of this NGO under the supervision of the Trust’s Director. The Trust’s Country Manager is responsible for the day to day management of the NGO’s permanent and volunteer staff in Uganda. A further 67 Ugandans and South Sudanese were given extensive training in climate-friendly construction. HYT remains grateful to the Haileybury Society for its continued support of the Assistant Country Manager and Area Manager (North and West) Ed Brett (OH) and its interest in the work of the charity.
The Trust currently supports programmes of training and sustainable development in Uganda.
Charitable object
The object of the Trust is to promote the development of young persons in achieving their full physical, intellectual, social and spiritual potential.
Summary of the main activities undertaken for the public benefit in relation to these
objects
Haileybury Youth Trust [HYT] undertakes programmes of vocational training, education and sustainable construction in Uganda. Working with young people in poor rural communities and refugee settings, the permanent HYT team works with trainees drawn from the villages and settlements in which the projects are located.
The public benefit is clearly identified thus:
-
The relief of poverty among young people in Uganda
-
Poverty relief is achieved by means of the provision of access to clean water, sanitation and affordable housing
-
The education of young people in Uganda
3
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
-
Education is enhanced through the provision of school buildings, water and sanitation facilities and improved infrastructure and by means of raising environmental awareness in schools
-
The vocational training of young people in Uganda
-
Vocational training is given to young people drawn from communities in which HYT works, giving trainees appropriate skills that offer employment opportunities and scope for income generation
‘Young people’ is defined as those up to the age of 25. There are no other restrictions, including those of race, religion or gender. The Trustees continue to have due regard to the Charity Commission guidance on public benefit.
Safeguarding
The Trustees take seriously their responsibilities in relation to Safeguarding. The Trustees and Ugandan-based British staff and volunteers are DBS checked, while the Ugandan DBS equivalent is undertaken for HYT’s full time staff in Uganda. Safeguarding training for all paid staff is undertaken annually and the Trust’s Safeguarding policy is published on the Trust’s website.
Achievements and performance
COVID-19
Much of the first half of 2020 was inevitably seriously affected by the global pandemic. While the two volunteers left Uganda in late March (having arrived in mid January), the other staff remained in Uganda, including Ed Brett. Most operations were suspended for the period April-July, including those in the refugee settlements, which had become the focus of HYT’s activity. One site in eastern Uganda (RAVO) remained working, but with all appropriate precautions in place.
The Trustees’ and management prime concern was for the health of the staff in Uganda and took measures to ensure all colleagues and trainees were safe. Full time staff, although not working for a time, were paid in full, while some others were given financial support through the period of inactivity.
Although schools largely remained closed, the country began to open up in August 2020 and operations resumed in the refugee settlements at this point.
4
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
All the permanent staff have remained in the Trust’s employment. There are likely to be indirect implications for HYT. While the Trust’s own financial position is very healthy, many other NGO’s (small and large) and grant-giving agencies, have suffered from much-reduced income. This will, in time, impact HYT's capacity to work as an implementing partner, a model successfully developed in recent years.
Ashden International Award
The Trust continued to benefit from the Ashden International Award (June 2017). In particular the short film made by Ashden as part of the award, proved a useful promotional tool. Among those who had heard of Ashden, the award remained an important recognition of the Trust’s work.
One Village at a Time and other training – the refugee context
Uganda has one of the world’s largest refugee communities: more than 1.4 million refugees from South Sudan, DRC and, to a lesser extent Somalia and Burundi, live in north and west Uganda. The Bidibidi settlement alone has 240,000 South Sudanese, making it the largest settlement in the continent. It is in this context that HYT has re-focused its priority. HYT opened a northern office in Yumbe, managed by Ed Brett, to have easy access to the settlements and other NGO Field Offices.
The Trust adapted its successful ‘One Village at a Time’ model for the refugee context: a programme of sustainable development and skills training, begun in 2010. The Trust continues to use and promote the wider adoption of environmentally-friendly and sustainable construction technologies, in particular the Interlocking Stabilised Soil Block [ISSB].
In the ‘One Village’ project, or ‘train as you build,’ the Trust works intensively with rural Ugandan communities over a sustained period, developing educational infrastructure while exposing community members to the need for environmentally-friendly and appropriate construction techniques. The Trust equips trainees, drawn from the community in which the project is located, with new skills, including block-making and masonry, giving them potential opportunities for income-generation and future employment, with HYT and independently. This model can – and does – work with refugee and host communities alike.
A list of structures completed is included at the end of this report (appendix 1). The Trust continued its recent policy of working away from the Trust’s base in Jinja, and into other areas, notably refugee settlements, as described. The Trust is in a position to run multiple sites, since there are now eight full-time Ugandan staff in permanent employment, as well as the Country Manager, Mauricia Nambatya. The Assistant Country Manager, Ed Brett, led the major initiative of the year, the two projects in which HYT worked with international
5
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
NGO Mercy Corps in delivering training and building in Bidibidi settlement area of Zone 3 and 4, Yumbe District.
The Mercy Corps project In Bidibidi
The initial Mercy Corps project in Bidi Bidi, funded by DFID, included construction and training in Zone 3. The on-site team led by Philip Yiga and Fred Koire, recruited 26 trainees (10 women and 16 men). In line with Uganda’s refugee policy, the group consisted of 20 South Sudanese refugees and 6 Ugandas. During the training the team constructed an open meeting space and trading kiosk. Graduation was held on 25th September 2019.
Following success in Zone 3, Mercy Corps under DFID funding, commissioned the construction of a meeting space and trading kiosk in Zone 4. Graduates from Zone 3 were employed on this project and no additional training was included. The design of the meeting space in Zone 4 was a replica of a two classroom block constructed in Kumel in 2019 in partnership with Build Africa and the Richard Feilden Foundation. This was HYT’s first structure built using a wider 220mm ISSB block under the direction of the District Engineer.
Technical
The ISSB is accredited with a Ugandan National Bureau of Standards [UNBS] code US 849, which will further advance its reputation as a reliable construction material and technology.
The Trust continued to refine its use of ISSB, developing its own design for school kitchens, with fuel-efficient stoves, with a typical saving of up to 40% in firewood costs. A continued feature of the Trust’s work was to further develop its technical and professional competence, making better use of architect’s drawings, and in particular the software program, Sketchup.
One technical advance was to expose much greater blockwork in buildings, improving the structure’s appearance and reducing carbon-embodied cement and costs further. All aspects of construction improved during this reporting period and quality control remains central to the effectiveness and success of both the training and social enterprise programmes. Systematic and regular block testing remained an important element of quality control, which in turn demonstrates the professionalism of the approach to construction
Rainwater harvesting [RWH] is an increasingly important area for HYT. RWH gives important access to supplementary water sources, during the two rainy seasons, at a relatively low cost. HYT’s RWH tanks are quickly constructed and more robust and cheaper than the steel
6
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
tanks commonly used by NGOs and organisations. Developing a commercial model for RWH might be something for the Trust to consider, although it will be mindful of entering a commercial marketplace with associated tax liabilities.
Social Enterprise
In addition to the ‘One Village at a Time’ programme, the Trust undertook a range of activity with and for other NGOs, which included training, construction and consultancy, all in relation to HYT’s sustainable and appropriate building technology, the Interlocking Stabilised Soil Block [ISSB]. This area of social enterprise became increasingly central to HYT’s activity and its income streams, particularly in refugee settlements. While traditional forms of fundraising yielded less income through the year, there was greater activity, supported by third party organisations (NGO’s).
Productive relationships were established or continued through the year with a number of NGO’s and individuals:
-
i) Children on the Edge: CoTE in partnership with HYT agreed to co-fund the construction of 14, two classroom blocks for early childhood development centres (ECDCs). Construction of 4 of 14 ECDCs were started and included training of 16 youths from the local community of Kyaka II refugee settlement.
-
ii) Peter Bond: Peter Bond sponsored the construction of a 3 Classroom block at RAVO as an early childhood development centre that included office space, a store and a children resting room.
-
iii) Mercy Corps/DFID: Funded the construction of the innovation centre and trading kiosk in Zone 4 and provided employment for the Zone 3 trained graduates.
-
iv) African Revival: funded the construction of a 20,000L rainwater harvesting tank at Oyiga Community Primary School. This project led to further work in the next reporting year.
-
These social enterprise projects provide employment for the Trust’s ‘graduates’, facilities for the partner organisations and additional in-country income for the Trust.
Volunteers
Rob Douglas and Ed Holroyd’s volunteer attachment to HYT was cut short by the pandemic. It is hoped that further volunteers may be able to travel by January 2022, although this is not yet clear.
The website continues to attract interest, as do the social media platforms, although there remains a need to extend the reach of both the website and social and digital media still further. Volunteers are helpful in maintaining and managing social media channels and other communications.
7
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
Future planning for the year 2020-2021
Technology: ensuring the ISSB technology is used most effectively and efficiently, with continued focus on the quality of block-production and construction and increasingly professional use of architect’s drawings and plans and SketchUp.
-
1) Technical Audit: An external expert to conduct an audit of HYT’s ISSB structures and share the findings to guide the technical team on which construction aspects to make better.
-
2) Personnel: to continue to identify and develop the capacity of suitable trainees and graduates for further skills training and positions of responsibility.
-
3) Funding: while the cash position is healthy, annual expenditure currently exceeds income. The Trust will consider applications to grant-giving agencies and trusts for future funding and develop a strategy for applications to grant-giving trusts.
-
4) Small business enterprise: the Trust will continue to consider how best its trainees might be equipped and encouraged to establish small businesses and work independently of HYT, continuing the Trust’s programme of sustainable development.
-
5) Social enterprise: the Trust is committed to increasing its local income stream in Uganda, through social enterprise activity, while continuing to employ its ‘graduate’ masons and promote the Trust’s programme of sustainable development.
-
6) Joint ventures with other NGO’s will be encouraged, as a useful way to leverage HYT’s funds for developing the Trust’s activity, particularly in areas where HYT has begun to work (Karamoja, West Nile and in the refugee settlements).
-
7) Raising awareness and widening the Trust’s reach, through further development of social media and the website.
-
8) Developing the Trust’s strategic plan for 2020-2023
Financial and accounting
HYT Uganda, the beneficiary of grant aid from HYT UK, continued to operate on a professional and legal basis, with its accounts satisfactorily audited by PM Kakaire and Associates
Liabilities were met with zero tax returns filed for June 2020 and Ugandan NGO status (S5914/8295) was changed in the NGO Board verification process.
HYT operates on NGO Permit number FORP77901272NB valid until September 2023 and the local Registration number is FORR82951272NB.
8
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
Appendix 1: Structures completed in the year end 30 Sept 2020
| LOCATION | PROJECT | DATE | STRUCTURE | |
| 1 | Jinja – 15 Primary Schools | Lunch 4 Learning funded |
Completed Nov 2019 (also reported in Sep 2019 report) |
Simple 2.7m by 2.7m Kitchens with 3 pot energy- saving cook stoves |
| 2 | Mayuge - RAVO | Peter Bond | October 2019 | 20,000l rainwater harvesting tank |
| 3 | Zone 4 - Bidi Bidi Refugee Settlement |
Mercy Corps/ Dept for International Devt |
Sept 2019 – Feb 2020 | 2 roomed meeting hall with open central space and a 2 roomed trading kiosk |
| 4 | Ngora | Edith’s Hope - Child Headed Families (CHF) |
Nov 2019 – Jan 2020 | 3 simple 3m by 6m homes for child headed families |
| 5 | Kamuli – Kimenyulo Primary School |
HYT | Jan 2020- March 2020 | Staff administration bock |
| 6 | Buikwe - St. Patrick Primary School |
Jinja Educ Trust /HYT |
March 2020 | Renovation of ceiling at the resource centre |
| 7 | Mayuge – RAVO | Peter Bond & HYT |
March 2020 – July 2020 | 3 classroom block with office space and 20,000l rainwater harvesting tank |
| 8 | Koboko – Oyiga Primary School | African Revival | Aug - Sep 2020 | 20,000l rainwater harvesting tank |
| 9 | Kyaka II Refugee Settlement | Children on the Edge |
Aug 2020 started | First lot of 4 out of 14 Two classroom blocks for Early childhood development centres started |
9
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
| 10 | Bidi Bidi Refugee Settlement 7 schools (Yoyo SS & Yoyo CentralPS completed) 3 health centres |
HYT funded | Sept 2020 Started | 2 out of 10x 20,000l rainwater harvesting tanks completed |
Appendix 2: Employment Record
During the year ending September 2020, HYT employed 44 individuals including core staff. The duration of employment, excluding trainees, is shown below.
| Duration of employment | Number employed |
|---|---|
| <3 months | 5 |
| 3-6 months | 9 |
| 6-9 months | 4 |
| 9-11 months | 11 |
| Full time(>11 months) | 15 |
| Total | 44 |
Appendix 3: Carbon savings
1,796m[2] of ISSB walling has saved 378 tons of carbon dioxide, equivalent to 241 tons of firewood or 51 mature trees of 1 and 1/2 ft basal diameter.
Appendix 4: Beneficiaries
i) End Users
Based on school enrolment numbers at time of completion, HYT structures will directly benefit the learning and health care environment of 24,300 pupils (boys and girls), teachers, patients, doctors and nurses.
ii) Trainees
Extensive training, >4 months, was provided to 67 youths. Trainees are paid a small stipend during training and are not not counted as employees in Appendix 2. This involved hands-on training in all aspects of construction with a focus on ISSB technology.
10
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
iii) Graduate tracking
iv) Capacity building
6 HYT graduates and promising talents have participated in management training.
11
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
HAILEYBURY YOUTH TRUST
Report on the Accounts Year ended 30 September 2020
The Trust generated a total income for the year of £86,785 This included donations and legacies of £57,431.Investment income was £29,354 of which £13,344 was Dividend income. The COIF investment fund had another good year, producing a profit after revaluation of £15,519. Due to COVID less money was sent to Uganda during the year which resulted in the Trust declaring net income of £44,911 after Ugandan expenditure of £41,874.
In the year ended 30 September 2011 the trustees made an investment into the COIF Unit Trust. The value of this as of September 30th 2020 was £447,509 and cash at bank was £153,612. Total net assets was £601,121 compared with £556,210 the previous year
During the year the Trustees continued to raise funds to support the work in Uganda by holding fundraising events.
In addition to the grants paid, the Trust made a contribution of £9,094 to the Trust’s Country Manager in Uganda towards their living costs and travelling expenses. A further £720 of miscellaneous costs were incurred within the period, mainly relating to website maintenance.
Graham Jinks Treasurer and Trustee Date: 27-07-2021
Jerry Pearce Chairman and Trustee Date: 27-07-2021
12
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
Independent Examiner's Report to the Trustees of The Haileybury Youth Trust
Independent examiner's report to the trustees of The Haileybury Youth Trust
I report to the charity trustees on my examination of the accounts of The Haileybury Youth Trust (the Trust) for the year ended 30 September 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning 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.
Julian Davies ACA Redfin Management Ltd West Bush House Hailey Lane Hertford Heath Hertfordshire SG13 7NY
Date: 21 July 2021
13
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
The Haileybury Youth Trust
Statement of Financial Activities for the Year Ended 30 September 2020
| 30.9.20 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 57,431 Investment income 2 29,354 Total 86,785 EXPENDITURE ON Charitable activities HYT Uganda 41,874 NET INCOME 44,911 RECONCILIATION OF FUNDS Total funds brought forward 556,210 TOTAL FUNDS CARRIED FORWARD 601,121 |
30.9.19 Total funds £ 96,667 40,158 136,825 99,343 37,482 518,728 556,210 |
|---|---|
The notes form part of these financial statements
14
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
The Haileybury Youth Trust
| Balance Sheet 30 September 2020 Notes FIXED ASSETS Investments 5 CURRENT ASSETS Debtors 6 Investments 7 Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
30.9.20 Unrestricted fund £ 447,509 - - 153,612 153,612 153,612 601,121 601,121 601,121 601,121 |
30.9.19 Total funds £ 431,990 827 85,000 38,393 124,220 124,220 556,210 556,210 556,210 556,210 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. G Jinks - Trustee
The notes form part of these financial statements
15
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
The Haileybury Youth Trust
Notes to the Financial Statements
for the Year Ended 30 September 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.9.20 | 30.9.19 | |
| £ | £ | |
| Dividend income | 13,344 | 13,081 |
| Curr asset inv income | 491 | 827 |
| Profit on revaluation of investments | 15,519 | 26,250 |
| 29,354 | 40,158 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019.
16
continued…
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
The Haileybury Youth Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 96,667 | |
| Investment income | 40,158 | |
| Total | 136,825 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| HYT Uganda | 99,343 | |
| NET INCOME | 37,482 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 518,728 | |
| TOTAL FUNDS CARRIED FORWARD | 556,210 | |
| 5. | FIXED ASSET INVESTMENTS | |
| Unlisted | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1 October 2019 | 431,990 | |
| Revaluations | 15,519 | |
| At 30 September 2020 | 447,509 | |
| NET BOOK VALUE | ||
| At 30 September 2020 | 447,509 | |
| At 30 September 2019 | 431,990 |
The charity invests in the COIF Charities Investment Fund which holds both UK and overseas assets.
continued...
17
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
The Haileybury Youth Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 7. CURRENT ASSET INVESTMENTS Other 8. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.10.19 £ 556,210 556,210 Incoming resources £ 86,785 86,785 At 1.10.18 £ 518,728 518,728 |
30.9.20 £ - 30.9.20 £ - Net movement in funds £ 44,911 44,911 Resources expended £ (41,874) (41,874) Net movement in funds £ 37,482 37,482 |
||
|---|---|---|---|---|
continued...
18
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
The Haileybury Youth Trust
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 136,825 136,825 |
Resources Movement expended in funds £ £ (99,343) 37,482 (99,343) 37,482 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.10.18 £ 518,728 518,728 |
Net movement in funds £ 82,393 82,393 |
At 30.9.20 £ 601,121 601,121 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 223,610 | (141,217) | 82,393 |
| TOTAL FUNDS | 223,610 | (141,217) | 82,393 |
9. RELATED PARTY DISCLOSURES
During the year, no payments (2019: £3,822) were made to trustees relating to the reimbursement of expenses
19
DocuSign Envelope ID: 9EE78F81-2FE3-462B-A631-2EFF983C81B8
The Haileybury Youth Trust
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30 September 2020 | ||
| 30.9.20 | 30.9.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 51,325 | 66,928 |
| Gift aid | 6,106 | 13,117 |
| Grants | - | 16,622 |
| 57,431 | 96,667 | |
| Investment income | ||
| Dividend income | 13,344 | 13,081 |
| Curr asset inv income | 491 | 827 |
| Profit on revaluation of investments | 15,519 | 26,250 |
| 29,354 | 40,158 | |
| Total incoming resources | 86,785 | 136,825 |
| EXPENDITURE | ||
| Charitable activities | ||
| Contribution to costs of Country Manager | 9,094 | 4,800 |
| HYT Uganda Grant | 32,000 | 87,986 |
| 41,094 | 92,786 | |
| Support costs | ||
| Management | ||
| Travel | - | 6,357 |
| Website | 720 | - |
| 720 | 6,357 | |
| Finance | ||
| Sundries | - | 140 |
| Bank charges | 60 | 60 |
| 60 | 200 | |
| Total resources expended | 41,874 | 99,343 |
| Net income | 44,911 | 37,482 |
This page does not form part of the statutory financial statements
20