Our Annual Report - YouthNet

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Notes to the financial statements Year to 30 June 2012 3 Net outgoing resources forr the year This is stated after charging: Stafff costs (note 4) ) Auditors’ remuneration (including VAT) Depreciation Operating lease charges - property 2012 £ 1,574,802 17,524 17,003 146,440 20111 £ 2,043,8933 17,768 64,5999 146,440 4 Staff costs and trustees’ remunerationn Stafff costs during the t year were as follows: Wages and salariess Social security costs Pension costs Freelance staff 2012 £ 1,363,928 145,204 65,670 1,574,802 — 1,574,802 20111 £ 1,779,920 183,324 79,4499 2,042,693 1,2000 2,043,8933 The number of f employees who earned £60,000 per annum orr more (including taxable benefits but excluding employer pension contributions) during thee year was ass follows: £60, ,000 - £70,0000 £70, ,001 - £80,0000 2012 — 1 20111 1 1 The average number of employees during the year on a full time equivalent basis was 38 (2011 - 55). The average number of employees analysed by function was: Charitable activities Cost of generatingg funds Governance 2012 30 7 1 38 20111 45 9 1 555 No trustee received any remuneration in respect off their services as a trustee during the year (2011 - £nil). In addition, no expenses incurred by the trustees on behalf of YouthNet were reimbursed to trustees during the year (2011 - £nil). Gary Pugh, Vice President EMEA Marketing Industry, Oracle, is a member of the board of trustees, building on Oracle Corporation’s gift in kindd support to YouthNet. 33
Notes to the financial statements Year to 30 June 2012 5 Taxation YouthNet is a registered r charity and therefore is not liable for income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities. The subsidiary company, TheSite Limited, donatess any taxablee profits it YouthNet. TheSite Limited has not traded during thee year. may make to 6 Tangible fixed assets Group and charity Leasehold improvements £ Computer equipmentt £ Fixtures and fittingss £ Office equipmentt £ Total £ Cost At 1 July 2011 Additions Disposals At 30 June 2012 165,105 — (156,380) 8,725 297,955 10,008 ) (148,330) 159,633 17,011 — (14,311) 2,700 45,977 — (5,205) 40,772 526,048 10,008 (324,226) 211,830 Depreciation At 1 July 2011 Charge for year Disposals At 30 June 2012 164,239 281,832 — 9,916 (155,514) (148,329) 8,725 143,419 17,011 — (14,311) 2,700 39,756 6,220 (5,204) 40,772 502,838 16,136 (323,358) 195,616 Net book values At 30 June 2012 At 30 June 2011 — 866 16,214 16,122 — — — 6,221 16,214 23,209 7 Investments At 30 June 20122 YouthNet t owned the entire calledd up share capital of 20,000 ordinary £0.01 shares in TheSite Limited. The company was incorporated on 4 August 2000 (company registration number 4047091). All activities of the t trading subsidiary have been consolidated on n a line by line basis in the SOFA and balance sheet. TheSite Limited A summary of the results of the subsidiary is as follows: Turnover Administrative expenses Profit/(loss) on ordinary activities before Gift Aid Gift Aid payment Profit/(loss) for the year before tax Taxation Retained profit/( loss) for the year 2012 £ — — — — — — 20111 £ — — — — — — 34
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 32 and 33: Balance sheets as at 30 June 2012 N
Page 34 and 35: Principal accounting policies Year
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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