Porch Project. Accounts for the financial year ending. 31 December Engaging With Youth Culture

Transcription

1 Porch Project Engaging With Youth Culture Accounts for the financial year ending 31 December 2016

2 Independent examiner's report on the accounts to the Trustees/Members of The Porch Project for the year ended 31 December 2016 Charity No A report on the accounts of the above Charity for the year ended 31 December 2016, which are set out on the following pages. Respective Responsibilities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (The Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under Section 145 of The Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of the Independent Examiner's Report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below. Independent Examiner's Statement In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of The Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ivytree Services HMRC Agency 1266LT The Haven Ivytree Lane Hadleigh Suffolk IP7 6LG Dated: Mrs J Read ;?

3 Balance Sheet for the year ended 31 December Fixed assets Plant and Equipment Cost - additions Cumulative Depreciation Current assets Stock and work in process Debtors and prepayments Current A/c Restricted Current A/c Un-Restricted Current A/c Cornard Current liabilities Trade creditors/accruals Other Liabilities HMRC Net current Assets 14,377 51,002 5,016 70, ,896 68,499 14,850 2,638-11,164 6,324 7,101 5,939 13,346 26, ,179-1,255 25,131 13,474 1,376-7,666 7,184 Total asset 74,823 32,315 Capital account Balance at start of period 32,315 15,072 Profit (-Loss) for the period 42,508 17,243 Total Equity 74,823 32,315 For the year ended 31/12/16 the company was entitled to exemption under section 477 of the Companies Act 2006 relaing to small companies. No members have required the company to obtain an audit of the accounts for the year in question in accordance with section 476 of the Companies Act 2006 The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime James K Buckle

4 Profit and Loss Account for the year ended 31 December Income 122,283 73,951 Expenditure Operational Costs 58,135 43,516 Management General Administration Utility Bills 2,612 2,669 General Expenses 14,227 6,818 Depreciation 3,498 2,970 79,775" 56,708 Profit (-Loss) for the period 42,508" 17,243

5 Notes to the Accounts for the year ended 31 December Accounting basis The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return. Profit and loss account analysis Income Associate 2,831 2,786 Friends of the Porch 6,108 5,605 Donations 20,268 13,574 Grants 50,600 11,500 Fund Raising 18,085 6,311 Gift Aid Recovery 1, Youth Worker Support 13,000 17,500 Cornard 10,100 15,000 Sundry ,283 73,951 Operational Costs Admission to Events/Activities 0 10 Placement Fees 1,500 2,200 Premises rental Premises rental - Cornard 55 0 Salaries 54,620 40,188 Tax &NI to HMRC 1, XLP Mentoring ,135 43,516 Management Compliance Management Phones/Transport Safety Management (PAT Testing) Safety Management (PAT Testing) - Cornard General Administration Advertising Book-keeper Utility Bills Heat & Light St Mary's Church 1,500 2,000 Electricity Parochial Tower Heat & Light St Andrew's Church 1, ,612 2,669 General Expenses Equipment expensed - Hadleigh 2, Equipment expensed - Cornard Filming Food & Drink - Hadleigh Food & Drink - Cornard Fund Raising Expenses Girls Tower Insurance Premium Repairs & Maintenance Postage Staff Training Staff Phone Staff Transport - Hadleigh 1, Staff Transport - Cornard 3,093 0 Stationery & Computer Software Student Travel 1,080 1,827 Subscriptions 0 30 Sundries - Hadleigh Sundries - Cornard Street Reach 1, ,227 6,818 Depreciation Depreciation 3,498 2,970 3,498 2,970

6 Schedule of Fixed Assets as at 31 December 2016 Month Month No. Dec 12 Asset Dep'n Rate B/fwd Cost Additions Disposals C/fwd B/fwd Depreciation Charge Disposals Disposals Net Book Value C/fwd Sale Proceeds Profit/fLoss) B/fwd C/fwd Fixed Assets (20% of Cost) 31 December 2013 B Fwd Old system 11, , Pioneer STZD10Z Subwoofer Speaker Syste 04/03/ Apple ipod touch 16GB 5th Generation 03/03/ Pool Table Trolley / 2 X Snooker Cue's 14/02/ Epson S02 SVGA Projector 19/12/ R & S Fabrications Metal Cabinet 05/12/ X Boxes & Games 19/02/ TV & Audio Stand 30/03/ WPK systems - Imac /07/ Sony PS4 600 GB 30/10/ XBOX 600GB 30/10/ Sony PS4 Console 27/01/ Microsoft XBOX 1 27/01/ Sony GT KX1BT 27/01/ BCE 6ft folding leg pool table-fp6ty 28/02/ Acer Aspire ES /04/ Acer Aspire ES /04/ All seasons gazebo 26/06/ Ultar BBQ 07/07/ Go Pro Hero 4 Session 10/08/ Numark Mixtrack Pro 3 controller 10/08/ IWANTIT IBTLIA14 wireless speaker dock 02/09/ Green Gallant Knight Academy 19 indoor Tl 14/09/ Total 14, , , , , , , , * , , , , ,323.68

7 Reserves Policy In the Trustees' view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. The Trustees propose to maintain the charity's reserves at a level which is equivalent to six months operational expenditure and no less than three months operational expenditure and have done so having regards to its manner of operation of likely funding streams. The Trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity's continuing obligations on a quarterly basis at their scheduled meetings. At 31st December 2016 the Trustees agreed that a minimum of 35,000 was necessary, this equates to six months operational expenditure.