FYA Annual Report and Accounts 2020 - 2021

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STRUCTURE, GOVERNANCEAND MANAGEMENTFitzrovia Youth in ActionAnnual Report and Accounts 2019 - 202029strategic and operational planning.Risk assessments will be conducted on all new activities and projects to ensure they are in line with thecharity's objectives and mission.Any risks or opportunities arising will be identified, analysed and reported at an appropriate level.A risk register covering key strategic risks will be maintained and updated at least twice a year and morefrequently where risks are known to be volatile.All staff will be provided with adequate training on risk management and their roles and responsibilities inimplementing this.The charity will regularly review and monitor the effectiveness of its risk management framework andupdate it as considered appropriate.Reports will be made to the Trustees twice a year highlighting any continuing and emerging high concernrisks and those where priority action is needed to effect better control.Trustee responsibilities in relation to financial statementsThe charity Trustees (who are also the Directors of Fitzrovia Youth in Action for the purposes ofcompany law) are responsible for preparing a Trustees’ Annual Report and Financial Statements inaccordance with applicable law and United Kingdom Accounting Standards.Company law requires the charity Trustees to prepare financial statements for each year which give a trueand fair view of the state of affairs of the charitable company and the group and of the incoming resourcesand application of resources, including the income and expenditure, of the charitable group for thatperiod. In preparing the financial statements, the Trustees are required to:select suitable accounting policies and then apply them consistently; observe the methods andprinciples in the Charities SORP;make judgements and estimates that are reasonable and prudent;state whether applicable UK accounting standards have been followed, subject to any materialdepartures disclosed and explained in the financial statements;Prepare the financial statements on the going concern basis unless it is inappropriate to presume thatthe charity will continue in business.The Trustees are responsible for keeping proper accounting records that disclose with reasonableaccuracy at any time the financial position of the charity and to enable them to ensure that the financialstatements comply with the Companies Act 2006.They are also responsible for safeguarding the assets of the charity and the group and hence takingreasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are
30STRUCTURE, GOVERNANCEAND MANAGEMENTFitzrovia Youth in ActionAnnual Report and Accounts 2019 - 2020responsible for the maintenance and integrity of the corporate and financial information included on thecharitable company’s website.Approved by our Board of Trustees on 18/01/2022.Natalie SperanzaChairperson
Page 1 and 2: FITZROVIAYOUTH INACTIONANNUAL REPOR
Page 3 and 4: REPORT OF THE TRUSTEES FORTHE YEAR
Page 5 and 6: 4We welcome four new Trustees who w
Page 7 and 8: FYA’S FRAMEWORK FORMEASURING SUCC
Page 9 and 10: 8Graph 1; FYA beneficiaries by ethn
Page 11 and 12: SUMMARY OF YOUTH SOCIALACTION ACTIV
Page 13 and 14: Fitzrovia Youth in ActionAnnual Rep
Page 17 and 18: THE DIFFERENCE THAT OURYOUTH ACTION
Page 19 and 20: 18Mental Health and WellbeingAnalys
Page 23 and 24: OUR FUNDERS 2020 - 202122The Arsena
Page 25 and 26: OUR BOARD OF TRUSTEES2020 - 202124C
Page 27 and 28: RESERVES POLICY ANDRESERVES POLICYG
Page 29: STRUCTURE, GOVERNANCESTRUCTURE, GOV
Page 33 and 34: INDEPENDENT EXAMINER’SREPORT32in
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FYA Annual Report and Accounts 2020 - 2021

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