Our Annual Report - YouthNet

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Balance sheets as at 30 June 2012 Notes Group 2012 £ Charity 2012 £ Group 2011 £ Charity 2011 £ Fixed assets Tangible assets Investments 6 7 16,214 — 16,214 16,214 200 16,414 23,209 — 23,209 23,209 2000 23,409 Current assets Debtors Short term depositt Cash at bank and in i hand 8 268,618 508,292 481,754 1,258,664 267,943 508,292 481,754 1,257,989 329,613 505,230 774,938 1,609,781 328,937 505,2300 774,938 1,609,105 Creditors: amounts falling due within one year Net current assets 9 (217,015) 1,041,649 (217,466) 1,040,523 (140,246) 1,469,535 (140,696) 1,468,409 Total net assets 1,057,863 1,056,937 1,492,744 1,491,8188 Funds and reserves Income funds Unrestricted funds General fund Designated funds 11 920,951 16,214 937,165 920,025 16,214 936,239 723,123 441,209 1,164,332 722,1977 441,209 1,163,4066 Restricted funds 10 120,698 1,057,863 120,698 1,056,937 328,412 1,492,744 328,412 1,491,8188 Approved by the trustees on 12 December 2012 and signed on their behalf by Martyn Lewis Trustee Approved on 12 December 2012 <strong>YouthNet</strong> UK, Company Registration No. 3031098 (England and Wales) 29
Principal accounting policies Year ended 30 June 2012 Basis of accounting The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP), “Accounting and <strong>Report</strong>ing by Charities” published by the Charity Commission in March 2005 and applicable accounting standards. The charity has availed itselff of Paragraph 3 (3) of Schedule S 4 of the Companies Act and adapted the Companies Act formats to reflect the special nature of the charity’s activities. No separate SOFA has been presented for the charityy alone as permitted by Section 408 of the Companies Act 2006 andd paragraph 397 of the SORP. Basis of consolidation The statement of financial activities (SOFA) and balance b sheett consolidate the financial statements of the charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line-by-line basis. Incoming resources Incoming resources are recognised in the period in which w the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to t fulfil conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expendedd in a future accounting period. Gifts in kind Donated assets, services s and facilities are recognised att their value to the charity. Resources expended All expenditure is accountedd for on an accruals basis and has beenn classified under headings that aggregate alll costs relatedd to the category. Where costs cannot be directly attributed to particular headings they havee been allocated to activities on a basis consistentt with the use of the resources. Resources expended comprise the following: a. b. The costs off generating funds include the salaries, direct costs and overheads associated with generating income. The costs off activities inn furtherancee of the charity’s objects comprise expenditure on the charity’s primary charitable purposes as described in the trustees’ report. Such costs include information and advice. 30
Page 2 and 3: YouthNet UK Annual Report and Conso
Page 4 and 5: Reference and administrative inform
Page 6 and 7: Statement from the Chief Executive
Page 8 and 9: Trustees’ report STRUCTURE, GOVER
Page 10 and 11: Trustees’ report ACHIEVEMENTS AND
Page 24 and 25: Trustees’ report PLANS FOR THE FU
Page 26 and 27: Trustees’ report FINANCIAL REVIEW
Page 28 and 29: Trustees’ report STATEMENT OF TRU
Page 30 and 31: Independent auditor’s report Opin
Page 34 and 35: Principal accounting policies Year
Page 36 and 37: Notes to the financial statements Y
Page 38 and 39: Notes to the financial statements Y
Page 40: Notes to the financial statements Y

Our Annual Report - YouthNet

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