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 6 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. 7 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) 8 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_**| 9 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. 11 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. 12 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_| 13 ## 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_| 14 ## 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** 15 **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). 16 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. 17 ## 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_| 18 ## 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 19 ## 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_| 20 ## 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_| 21