2021-03-31-accounts

Independent examiner’s report

to the trustees of

St George’s Youth and Community Association

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2021 which are set out on pages 7 to 21.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Jennifer Daniel FCCA DChA

Slade & Cooper Limited Beehive Mill, Jersey St Manchester, M4 6JG Date 26[th] January 2021

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St George's Youth and Community Association

Statement of Financial Activities

for the year ended 31 March 2021

Unrestricted funds Note £ Income from: Donations and legacies 3 1,816 Charitable activities: 4 24,496 5 11,456 Total income 37,768 Expenditure on: Charitable activities: 6 60,769 Total expenditure 60,769 (23,001) 8 (23,001) Net movement in funds for the year (23,001) Reconciliation of funds Total funds brought forward 48,926 Total funds carried forward 25,925 Other trading activities Net income/(expenditure) before net gains/(losses) on investments Net income/(expenditure) for the year	Restricted funds £ - 3,983 - 3,983 - - 3,983 3,983 3,983 132 4,115	Total funds 2021 £ 1,816 28,479 11,456 41,751 60,769 60,769 (19,018) (19,018) (19,018) 49,058 30,040	Total funds 2020 £ 5,075 43,524 17,251
			65,850
			60,904
			60,904
			4,946 4,946
			4,946 44,112
			49,058

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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St George's Youth and Community Association

Balance Sheet

as at 31 March 2021

Note £ £ Fixed assets Tangible assets 13 15,147 Current assets Debtors 14 674 Cash at bank and in hand 15,959 Total current assets 16,633 Liabilities Creditors: amounts falling due in less than one year 15 (1,740) Net current assets 14,893 Total assets less current liabilities 30,040 Net assets 30,040 Funds of the charity: Restricted income funds 16 4,115 Unrestricted income funds 17 25,925 Total charity funds 30,040 2021	£ £ 17,175 934 31,969 32,903 (1,020) 31,883 49,058 49,058 132 48,926 49,058 2020	£ £ 17,175 934 31,969 32,903 (1,020) 31,883 49,058 49,058 132 48,926 49,058 2020
		49,058
		49,058
		132 48,926
		49,058

The notes on pages 10 to 21 form part of these accounts.

Approved by the trustees on 21st December 2021 and signed on their behalf by:

Sheila Davies (Trustee)

Sue Anya (Trustee)

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St George's Youth and Community Association

Statement of Cash Flows for the year ending 31 March 2021

Note 2021 £ Cash provided by/(used in) operating activities 20 (16,010) (16,010) Cash and cash equivalents at the beginning of the year 31,969 Cash and cash equivalents at the end of the year 15,959 Increase/(decrease) in cash and cash equivalents in the year	2020 £ 6,472
	5,398 26,571
	31,969

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St George's Youth and Community Association

1 Accounting policies

Notes to the accounts for the year ended 31 March 2021

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with 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), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The accounts (financial statements) have been prepared to give a 'true and fair view' and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following 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), second edition - October 2019, rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

St George's Youth and Community Association meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

10

St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

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St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

i Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Leasehold improvements 20 years Equipment 5 years

j Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2 Legal status of the charity

The charity is an unincorporated charity registered as a charity in England & Wales.

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St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

3 Income from donations and legacies

4

Donations Other income Total Previous Reporting Period Donations Other income Total Income from charitable activities Manchester City Council Revenue Adactus Housing Association Gmat Total Previous Reporting Period Manchester City Council Revenue Collyhurst Big Local Lord Mayors Fund NIF Other Grants Total	Unrestricted £ 973 843 1,816 Unrestricted £ 3,542 1,533 5,075	Restricted £ - - - Restricted £ - - - Unrestricted £ 18,496 - 6,000 24,496 Unrestricted £ 18,496 13,000 3,000 3,850 500 38,846	Total 2021 £ 973 843 1,816 Total 2020 £ 3,542 1,533 5,075 Restricted £ - 3,983 - 3,983 Restricted £ - - - 4,678 - 4,678	Total 2021 £ 18,496 3,983 6,000
				28,479
				Total 2020 £ 18,496 13,000 3,000 8,528 500
				43,524

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St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

5 Income from other trading activities

Income from other trading activities
Rental income Room hire All income from other trading activities is unrestricted.	2021 £ - 11,456 11,456	2020 £ 7,767 9,484
		17,251

6 Analysis of expenditure on charitable activities

Staff costs Rent, Rates and Water Heat and Light Telephone and IT Insurance Stationery and Postage Travel and Accommodation Equipment Repairs and building maintenance Miscellaneous YPAC admin, caretaking, cleaning Refreshments Depreciation Project and excursion costs Cleaning and Hygiene Security Payroll costs Restricted expenditure Unrestricted expenditure Governance costs (see note 7)	Total 2021 £ 21,636 346 7,609 4,436 1,571 171 18 - 15,676 81 1,073 1,122 2,027 - 1,879 1,966 - 1,158 60,769 2021 £ - 60,769 60,769	Total 2020 21,106 940 7,607 568 3,062 148 - 4,687 6,841 621 - - 2,028 9,470 2,385 - 231 1,210
		60,904
		2020 £ 5,528 55,376
		60,904

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St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

7 Analysis of governance and support costs

Basis of apportionment Accountancy services Governance AGM Costs Governance Previous Reporting Period Basis of apportionment Accountancy services Governance AGM Costs Governance Net income/(expenditure) for the year This is stated after charging/(crediting): 2021 £ Depreciation 2,027 - accountancy fees 480 - independent examination 240 - accountancy fees-Bookkeeping - Independent examiner's fees	Governance £ 1,158 - 1,158 Governance £ 960 250 1,210 2020 £ 2,028 480 240 300	Total 2021 £ 1,158 -
		1,158
		Total 2020 £ 960 250
		1,210

8 Net income/(expenditure) for the year

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9 Staff costs

St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

Staff costs during the year were as follows:

ff costs during the year were as follows:
Wages and salaries Pension costs Freelancers	2021 £ 18,820 86 2,730 21,636	2020 £ 15,549 97 5,460
		21,106

No employees has employee benefits in excess of £60,000 (2020: Nil).

The average number of staff employed during the period was 2 (2020: nil). The average full time equivalent number of staff employed during the period was 0.7 (2020: nil).

The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £nil (2020: £nil).

10 Trustee remuneration and expenses, and related party transactions

No (2020;No) trustees were paid as volunteer for sessions fees. (2020: Nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2020: nil).

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St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

11 Government grants

The government grants recognised in the accounts were as follows:

Manchester City Council	2021 £ 18,496 18,496	2020 £ 22,346
		22,346

12 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

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St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

13 Fixed assets: tangible assets

Leasehold improvements Cost £ 36,257 Additions - Disposals - 36,257 Depreciation 19,941 Charge for the year 1,813 21,754 Net book value 14,503 16,316 14 Debtors Prepayments and accrued income 15 Creditors: amounts falling due within one year Other creditors and accruals At 31 March 2020 At 31 March 2021 At 31 March 2021 At 1 April 2020 At 31 March 2021 At 1 April 2020	Office equipment £ 12,458 - 12,458 11,599 215 11,814 644 859 2021 £ 674 674 2021 £ 1,740 1,740	£ 48,715 - - Total
		48,715
		31,540 2,028
		33,568
		15,147
		17,175
		2020 £ 934
		934
		2020 £ 1,020
		1,020

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St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

16 Analysis of movements in restricted funds

Total Total Name of restricted fund Previous Reporting Period Manchester University/Age Friendly Manchester University/Age Friendly Adactus Housing Association Neighbourhood Initiative Fund (NIF)	Balance at 1 April 2020 £ 132 - 132 Balance at 1 April 2019 £ 982 - 982 Description,	Income Expenditure Transfers £ £ £ - - - 3,983 - - 3,983 - - Income Expenditure Transfers £ £ £ - (850) - 4,678 (4,678) - 4,678 (5,528) - nature and purposes of the fund	Balance at 31 March 2021 £ 132 3,983
			4,115
			Balance at 31 March 2020 £ 132 -
			132

Manchester University/Age Friendly

Age Friendly (over 55s meetup group)

Neighbourhood Initiative Fund (NIF)

Purchase of chairs and tables for the centre to increase capacity the centre can hold at events leading to increased room rental hire.

Adactus

Utilities

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St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

17 Analysis of movement in unrestricted funds

General fund Name of General fund Previous Reporting Period General fund	Balance at 1 April 2020 Income Expenditure Transfers £ £ £ £ 48,926 37,768 (60,769) - 48,926 37,768 (60,769) - Balance at 1 April 2019 Income Expenditure Transfers £ £ £ £ 43,130 61,172 (55,376) - 43,130 61,172 (55,376) - Description, nature and purposes of the fund The free reserves after allowing for all designated funds	As at 31 March 2021 £ 25,925
		25,925
		As at 31 March 2020 £ 48,926
		48,926

18 Analysis of net assets between funds

Tangible fixed assets Other net current assets/(liabilities) Total Previous Reporting Period Tangible fixed assets Other net current assets/(liabilities) Total	General fund £ 15,147 10,778 25,925 General fund £ 17,175 31,883 49,058	Designated funds £ - - - Designated funds £ - - -	Restricted funds £ - 4,115 4,115 Restricted funds £ - - -	Total £ 15,147 14,893
				30,040
				Total £ 17,175 31,883
				49,058

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St George's Youth and Community Association

Notes to the accounts for the year ended 31 March 2021 (continued)

19 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as

Less than one year One to five years Over five years	2021 2020 £ £ - - - - 98,750 103,750 98,750 103,750 Property	2021 2020 £ £ - - - - 98,750 103,750 98,750 103,750 Property
		103,750

20 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year Adjustments for: Depreciation charge Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating	2021 £ (19,018) 2,028 260 720 (16,010)	2020 £ 4,946 2,027 1,141 (1,642)
		6,472

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