REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
YOUTH ON THE MOVE (LONDON) |
(A COMPANY LIMITED BY GUARANTEE) |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
YOUTH ON THE MOVE (LONDON) |
(A COMPANY LIMITED BY GUARANTEE) |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
YOUTH ON THE MOVE (LONDON) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
Page |
Reference and Administrative Details | 1 |
Report of the Trustees | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Statement of Financial Position | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 13 |
YOUTH ON THE MOVE (LONDON) |
REFERENCE AND ADMINISTRATIVE DETAILS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
TRUSTEES |
COMPANY SECRETARY |
REGISTERED OFFICE |
REGISTERED COMPANY NUMBER |
REGISTERED CHARITY NUMBER |
INDEPENDENT EXAMINER | Sugarwhite Meyer HS Ltd |
First Floor |
94 Stamford Hill |
London |
N16 6XS |
BANKERS |
London |
NW3 5JN |
YOUTH ON THE MOVE (LONDON) (REGISTERED NUMBER: 10030675) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 AUGUST 2022 |
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. |
REFERENCE AND ADMINISTRATIVE INFORMATION |
The information is shown on page 1 of the financial statements and forms part of this report. |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
See attached Trustees Report. |
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
See attached Trustees Report |
FINANCIAL REVIEW |
Financial position |
See attached Trustees Report. |
Reserves policy |
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities |
of the charity. Reserves at the year end stood at £36,729 (2021 - £32,871) of which £9,208 (2021 - £9,533) are restricted funds. |
FUTURE PLANS |
The charity plans to continue its activities for the foreseeable future subject to satisfactory income. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Charity constitution |
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 27 February 2016 as amended on 11 February 2017. |
Recruitment and appointment of new trustees |
The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures. |
Risk management |
The charity has identified and assessed the major risks to which it is exposed, in particular those of safety and protection of the vulnerable young adults whilst in the Charity's care as well as the finances of the charity. The charity is satisfied that systems are in place and routinely assessed including procedures for Child Protection, Health and Safety, Vulnerable Adults Policy and Financial Management and Controls. |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
YOUTH ON THE MOVE (LONDON) |
Independent examiner's report to the trustees of Youth On The Move (London) ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022. |
Responsibilities and basis of report |
As the charity's 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 charity'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: |
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. |
E Meyer FCA BSc |
Sugarwhite Meyer HS Ltd |
First Floor |
94 Stamford Hill |
London |
N16 6XS |
14 June 2023 |
YOUTH ON THE MOVE (LONDON) |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 AUGUST 2022 |
2022 | 2021 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Charitable activities | 3 |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 32,871 |
YOUTH ON THE MOVE (LONDON) (REGISTERED NUMBER: 10030675) |
STATEMENT OF FINANCIAL POSITION |
31 AUGUST 2022 |
2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
CURRENT ASSETS |
Debtors | 9 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 10 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 11 | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) |
FUNDS | 14 |
Unrestricted funds: |
General fund | 27,521 | 23,338 |
Restricted funds: |
Restricted Fund | 9,208 | 9,533 |
TOTAL FUNDS | 32,871 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
YOUTH ON THE MOVE (LONDON) (REGISTERED NUMBER: 10030675) |
STATEMENT OF FINANCIAL POSITION - continued |
31 AUGUST 2022 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
YOUTH ON THE MOVE (LONDON) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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. |
Financial instruments |
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Going concern |
There are no material uncertainties about the charity's ability to continue. |
YOUTH ON THE MOVE (LONDON) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
2. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
3. | CHARITABLE ACTIVITIES COSTS |
Support |
Direct | costs (see |
Costs | note 4) | Totals |
£ | £ | £ |
Education and training | 92,687 | 9,215 | 101,902 |
4. | SUPPORT COSTS |
Governance |
Management | Finance | costs | Totals |
£ | £ | £ | £ |
Education and training | 7,391 | 24 | 1,800 | 9,215 |
Support costs, included in the above, are as follows: |
Governance costs |
2022 | 2021 |
Education |
and | Total |
training | activities |
£ | £ |
Independent examiner's fee | 900 | 711 |
Independent examiner's other fees | 900 | 711 |
General expenses | - | 354 |
Legal and professional fees | - | 1,195 |
1,800 | 2,971 |
5. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2022 | 2021 |
£ | £ |
Depreciation - owned assets |
Other operating leases | 21,691 | 12,588 |
YOUTH ON THE MOVE (LONDON) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
6. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021. |
7. | STAFF COSTS |
2022 | 2021 |
£ | £ |
Wages and salaries |
8,885 | 21,317 |
The average monthly number of employees during the year was as follows: |
2022 | 2021 |
Administration |
8. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 September 2021 and 31 August 2022 |
DEPRECIATION |
At 1 September 2021 |
Charge for year |
At 31 August 2022 |
NET BOOK VALUE |
At 31 August 2022 |
At 31 August 2021 |
YOUTH ON THE MOVE (LONDON) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts (see note 12) |
Trade creditors |
Net Wages control | 205 | 205 |
Other creditors |
Accruals and deferred income |
11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans (see note 12) |
Social security and other taxes |
12. | LOANS |
An analysis of the maturity of loans is given below: |
2022 | 2021 |
£ | £ |
Amounts falling due within one year on demand: |
Bank loans |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
13. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2022 | 2021 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
£ | £ | £ | £ |
Fixed assets | 1,434 | 1,842 | 3,276 | 3,854 |
Current assets |
Current liabilities | ( |
) | ( |
) | ( |
) |
Long term liabilities | (12,626 | ) | - | (12,626 | ) | (20,753 | ) |
27,521 | 9,208 | 36,729 | 32,871 |
YOUTH ON THE MOVE (LONDON) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
14. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.9.21 | in funds | 31.8.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 23,338 | 4,183 | 27,521 |
Restricted funds |
Restricted Fund | 9,533 | (325 | ) | 9,208 |
TOTAL FUNDS | 3,858 | 36,729 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 72,744 | (68,561 | ) | 4,183 |
Restricted funds |
Restricted Fund | 33,016 | (33,341 | ) | (325 | ) |
TOTAL FUNDS | ( |
) | 3,858 |
Comparatives for movement in funds |
Net |
movement | At |
At 1.9.20 | in funds | 31.8.21 |
£ | £ | £ |
Unrestricted funds |
General fund | 18,633 | 4,705 | 23,338 |
Restricted funds |
Restricted Fund | 9,915 | (382 | ) | 9,533 |
TOTAL FUNDS | 28,548 | 4,323 | 32,871 |
YOUTH ON THE MOVE (LONDON) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
14. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 90,120 | (85,415 | ) | 4,705 |
Restricted funds |
Restricted Fund | 1 | (383 | ) | (382 | ) |
TOTAL FUNDS | 90,121 | (85,798 | ) | 4,323 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.9.20 | in funds | 31.8.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 18,633 | 8,888 | 27,521 |
Restricted funds |
Restricted Fund | 9,915 | (707 | ) | 9,208 |
TOTAL FUNDS | 28,548 | 8,181 | 36,729 |
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 | 162,864 | (153,976 | ) | 8,888 |
Restricted funds |
Restricted Fund | 33,017 | (33,724 | ) | (707 | ) |
TOTAL FUNDS | 195,881 | (187,700 | ) | 8,181 |
YOUTH ON THE MOVE (LONDON) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
15. | RELATED PARTY DISCLOSURES |