Youthdirect - Charities report - 19.2
Youthdirect - Charities report - 19.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| YOUTHDIRECT |
| (A COMPANY LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES AND |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED |
| 31 MARCH 2019 |
| YOUTHDIRECT |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| Page |
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 12 |
| YOUTHDIRECT |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| TRUSTEES | Rabbi B L Rabinowitz |
| Mr A Schechter |
| Mr M M Grosskopf |
| Mr Y Y Weinberger |
| Mr S Wyler |
| COMPANY SECRETARY | Mr M M Grosskopf |
| REGISTERED OFFICE | First Floor |
| 94 Stamford Hill |
| London |
| N16 6XS |
| PRINCIPAL ADDRESS | 17 East Bank |
| London |
| N16 5RG |
| REGISTERED COMPANY NUMBER | 04699229 (England and Wales) |
| REGISTERED CHARITY NUMBER | 1097707 |
| INDEPENDENT EXAMINER | Sugarwhite Meyer Accountants Ltd |
| First Floor |
| 94 Stamford Hill |
| London |
| N16 6XS |
| BANKERS | CAF Bank Ltd |
| 25 Kings Hill Avenue |
| Kings Hill |
| West Malling |
| Kent |
| ME19 4JQ |
| YOUTHDIRECT |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their |
| report with the financial statements of the charity for the year ended 31 March 2019. The trustees have |
| adopted the provisions of 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 2015). |
| Reference and administrative information |
| Reference and administrative information is shown on page 1 of the financial statements and forms part of |
| this report. |
| OBJECTIVES AND ACTIVITIES |
| Objectives and activities for public benefit |
| - To advance the education of people; |
| - To provide facilities programmes and training for children and young persons for their recreation and other |
| leisure-time activities so that the quality and conditions of their lives may be improved; |
| - To provide facilities programmes and training for children and young persons so as to develop their skills, |
| enhance their employment prospects and assist them in growing to full maturity as individuals and as |
| members of society; |
| - To provide help and support for children, young people and adults with special needs. |
| The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit. |
| The trustees carry out the objects as described below. |
| FINANCIAL REVIEW |
| Funding |
| Youthdirect mainly relies on grants from foundations and trusts to continue this vital work. We would like to |
| thank the London Borough of Hackney, Jewish Child's Day and CAC for their assistance in funding some of |
| our projects. |
| The grants give the impetus to continue to provide hope for disadvantaged children and young people and |
| their parents. |
| Reserves policy |
| The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the |
| charity. |
| 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 17 March 2003 as amended 12 February 2008. |
| Recruitment |
| Recruitment and induction procedures are followed. |
| Trustees, staff members and volunteers undergo DBS checks and constantly participate in health & safety |
| and child protection training. |
| Organisation |
| The trustees, who are also directors for company law, have served throughout the year. The power to appoint |
| new trustees is vested in the current board. The trustees bring a broad wealth of experience within the Jewish |
| community and sector specific skills in running similar institutions. |
| The organisation is governed and primarily managed by the board of trustees who are the accountable body |
| for Youthdirect. |
| Mission |
| The mission of Youthdirect is to promote educational, emotional and social development of children and |
| young people. |
| YOUTHDIRECT |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Programmes |
| Youthdirect aims to improve the social, emotional and educational development of local children and young |
| adults through confidence and self esteem building activities, where participants are given the space and |
| freedom to express themselves in a non judgemental environment. |
| Youthdirect provides out of school educational and recreational activities for children and young people, many |
| of whom attend local independent faith schools. Families of these children are usually large families that have |
| a strain on their finances, struggle to pay school fees and the schools attended are under resourced and |
| under funded. We support these families by offering free or minimal cost, out of school and holiday activities. |
| Youthdirect also works with young people with the emphasis given to those who are at risk or disaffected. We |
| work on a preventative scheme offering informal education helping young people achieve through craft |
| activities. We work on a re-active scheme using detached youth workers to connect to young people who are |
| out of the school system, helping them to re-integrate. |
| Risk review |
| The board of trustees have conducted a review of the major risks to which the charity may be exposed and a |
| risk register has been established, which the trustees update regularly. |
| 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 |
| YOUTHDIRECT |
| Independent examiner's report to the trustees of Youthdirect ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended |
| 31 March 2019. |
| 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 Accountants Ltd |
| First Floor |
| 94 Stamford Hill |
| London |
| N16 6XS |
| 23 May 2019 |
| YOUTHDIRECT |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 2019 | 2018 |
| Unrestricted fund |
Restricted fund |
Total funds |
Total funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 |
| Charitable activities |
| Other trading activities | 3 |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities | 4 |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 9,313 |
| YOUTHDIRECT (REGISTERED NUMBER: 04699229) |
| BALANCE SHEET |
| AT 31 MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 10 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 11 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 13 |
| Unrestricted funds: |
| General fund | 13,167 | 4,717 |
| Restricted funds: |
| Restricted fund | - | 4,596 |
| TOTAL FUNDS | 9,313 |
| The charitable company is entitled to exemption from audit under |
| Section 477 of the Companies Act 2006 for the year ended 31 March 2019. |
| The members have not required the company to obtain an audit of its financial statements for the year ended |
| 31 March 2019 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. |
| These financial statements have been prepared in accordance with the special provisions of Part 15 of the |
| Companies Act 2006 relating to charitable small companies. |
| The financial statements were approved by the Board of Trustees on |
| YOUTHDIRECT |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 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 2015)', 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. |
| Support costs are those costs incurred to assist the work of the charity but are not direct charitable |
| activities. |
| Governance costs are those incurred in connection with administration of the charity and compliance |
| with constitutional and statutory requirements. |
| 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 |
| Computer equipment |
| 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. |
| Pension costs and other post-retirement benefits |
| The charitable company operates a defined contribution pension scheme. Contributions payable to the |
| charitable company's pension scheme are charged to the Statement of Financial Activities in the |
| period to which they relate. |
| Going concern |
| There are no material uncertainties about the charity's ability to continue. |
| YOUTHDIRECT |
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 2. | DONATIONS AND LEGACIES |
| 2019 | 2018 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| £ | £ | £ | £ |
| Donations | 23,473 | - |
| Grants | - | 26,977 |
| 23,473 | 26,977 |
| 3. | OTHER TRADING ACTIVITIES |
| 2019 | 2018 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| £ | £ | £ | £ |
| Other incoming resources | 600 | - | 600 | 1,711 |
| 4. | CHARITABLE ACTIVITIES COSTS |
Direct costs |
Support costs |
Totals |
| (See note 5) | (See note 6) |
| £ | £ | £ |
| Youth Programmes | 51,686 | 2,083 | 53,769 |
| 5. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
| 2019 | 2018 |
| £ | £ |
| Staff costs | 16,800 | 18,803 |
| Rent and premises costs | 360 | 2,833 |
| Insurance | 851 | 1,189 |
| Telephone | 828 | 956 |
| Stationery, postage and advertising | 1,937 | 1,535 |
| Tutoring and scholarships | 668 | - |
| Activities and outings | 29,182 | 34,008 |
| Computer expenses | 862 | 259 |
| General expenses | 132 | 135 |
| Depreciation | 66 | 88 |
| 51,686 | 59,806 |
| 6. | SUPPORT COSTS |
Management |
Finance |
Governance costs |
Totals |
| £ | £ | £ | £ |
| 714 | 60 | 1,309 | 2,083 |
| Support costs, included in the above, are as follows: |
| YOUTHDIRECT |
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 6. | SUPPORT COSTS - continued |
| Management |
| 2019 | 2018 |
| Youth Programmes |
Total activities |
| £ | £ |
| Sundries | 714 | 453 |
| Legal | - | 1,157 |
| 714 | 1,610 |
| Finance |
| 2019 | 2018 |
| Youth Programmes |
Total activities |
| £ | £ |
| Bank charges | 60 | 55 |
| Governance costs |
| 2019 | 2018 |
| Youth Programmes |
Total activities |
| £ | £ |
| Independent examiner's fee | 360 | 360 |
| Independent examiner's other fees | 720 | 720 |
| General expenses | 13 | 165 |
| Legal fees | 216 | - |
| 1,309 | 1,245 |
| 7. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2019 | 2018 |
| £ | £ |
| Depreciation - owned assets |
| 8. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2019 nor for the |
| year ended 31 March 2018. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2019 nor for the year ended |
| 31 March 2018. |
| YOUTHDIRECT |
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 9. | STAFF COSTS |
| 2019 | 2018 |
| £ | £ |
| Wages and salaries |
| Other pension costs |
| 16,800 | 18,803 |
| The average monthly number of employees during the year was as follows: |
| 2019 | 2018 |
| Administration | 1 | 1 |
| Youth workers | 2 | 2 |
| No employees received emoluments in excess of £60,000. |
| 10. | TANGIBLE FIXED ASSETS |
Library |
Fixtures and fittings |
Computer equipment |
Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2018 and 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other creditors |
| Accruals and deferred income |
| YOUTHDIRECT |
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 12. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
| 2019 | 2018 |
| Unrestricted fund |
Restricted fund |
Total funds |
Total funds |
| £ | £ | £ | £ |
| Fixed assets | 196 | - | 196 | 262 |
| Current assets | 16,614 | - |
| Current liabilities | ( |
) | ( |
) | ( |
) |
| 13,167 | - | 13,167 | 9,313 |
| 13. | MOVEMENT IN FUNDS |
At 1.4.18 |
Net movement in funds |
At 31.3.19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 4,717 | 8,450 | 13,167 |
| Restricted funds |
| Restricted fund | 4,596 | (4,596 | ) | - |
| TOTAL FUNDS | 3,854 | 13,167 |
| Net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 30,682 | (22,232 | ) | 8,450 |
| Restricted funds |
| Restricted fund | 26,977 | (31,573 | ) | (4,596 | ) |
| TOTAL FUNDS | ( |
) | 3,854 |
| Comparatives for movement in funds |
At 1.4.17 |
Net movement in funds |
At 31.3.18 |
| £ | £ | £ |
| Unrestricted Funds |
| General fund | 4,447 | 270 | 4,717 |
| Restricted Funds |
| Restricted fund | - | 4,596 | 4,596 |
| TOTAL FUNDS | 4,447 | 4,866 | 9,313 |
| YOUTHDIRECT |
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 13. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 36,709 | (36,439 | ) | 270 |
| Restricted funds |
| Restricted fund | 30,873 | (26,277 | ) | 4,596 |
| TOTAL FUNDS | 67,582 | (62,716 | ) | 4,866 |
| A current year 12 months and prior year 12 months combined position is as follows: |
At 1.4.17 |
Net movement in funds |
At 31.3.19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 4,447 | 8,720 | 13,167 |
| Restricted funds |
| TOTAL FUNDS | 4,447 | 8,720 | 13,167 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 67,391 | (58,671 | ) | 8,720 |
| Restricted funds |
| Restricted fund | 57,850 | (57,850 | ) | - |
| TOTAL FUNDS | 125,241 | (116,521 | ) | 8,720 |
| 14. | RELATED PARTY DISCLOSURES |
| Mr R Grosskopf, a close relative of two trustees, received a salary of £5,400 for his roles as youth |
| worker and project manager. |