CWVYS - Charities report - 19.1

REGISTERED COMPANY NUMBER: 05444248 (England and Wales)

REGISTERED CHARITY NUMBER: 01110702

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR

ENDED 31 MARCH 2019

FOR

COUNCIL FOR WALES OF VOLUNTARY YOUTH

SERVICES CYNGOR CYMREIG Y GWASANAETHAU

IEUENCTID GWIRFODDOL

COUNCIL FOR WALES OF VOLUNTARY YOUTH

SERVICES CYNGOR CYMREIG Y GWASANAETHAU

IEUENCTID GWIRFODDOL

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Reference and Administrative Details

1

Report of the Trustees

2 to 6

Independent Examiner's Report

7

Statement of Financial Activities

8

Balance Sheet

9 to 10

Notes to the Financial Statements

11 to 18

COUNCIL FOR WALES OF VOLUNTARY YOUTH

SERVICES CYNGOR CYMREIG Y GWASANAETHAU

IEUENCTID GWIRFODDOL

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2019

TRUSTEES

C Cunliffe (appointed 5.7.18)

S A Price

M Gil-Cervantes

P Gay

N Lloyd

R Cifuentes (resigned 6.7.18)

J Carroll (resigned 6.7.18)

C L Robins-Talbot

K J Towler (resigned 6.7.18)

S M M Hughes

C Davies

S Joshua

L Rowland (resigned 1.5.18)

S Lovell

R Flowerdew

M Pritchard (resigned 6.7.18)

S Lewis (appointed 5.7.18)

G Poiner (appointed 5.7.18)

R Benson (appointed 5.7.18)

J Phillis (appointed 5.7.18)

N Evans (appointed 5.7.18)

H Williams (appointed 5.7.18)

COMPANY SECRETARY

P Glaze

REGISTERED OFFICE

Council for Wales of Voluntary

Youth Services

Baltic House, Mount Stuart Square

Cardiff

CF10 5FH

REGISTERED COMPANY NUMBER

05444248 (England and Wales)

REGISTERED CHARITY NUMBER

01110702

INDEPENDENT EXAMINER

Bevan Buckland LLP

Langdon House

Langdon Road

SA1 Swansea Waterfront

Swansea

SA1 8QY

COUNCIL FOR WALES OF VOLUNTARY YOUTH

SERVICES CYNGOR CYMREIG Y GWASANAETHAU

IEUENCTID GWIRFODDOL

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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the company as described in the Memorandum of Association are ''to educate and help

young persons to develop their physical, mental, cultural and spiritual capacities, that they may grow to full

maturity as individuals and members of society by facilitating mutual support and co-operation among

Voluntary Youth Organisations, the Youth Service and other related Agencies in Wales''.

The objectives for 2018-19 were:

1

To represent voluntary youth services in Wales and facilitate mutual support and co-operation amongst voluntary youth services and related agencies;

2

To support the implementation of the National Youth Work Strategy for Wales by assisting the voluntary youth sector, including CWVYS members, to engage with the Strategy;

3

To support the ethos of Extending Entitlement: supporting young people in Wales and to work in partnership with other organisations to enable young people to realise their full potential;

4

To develop a strong, independent, sustainable organisation that:

-

Raises the profile and work of the sector;

-

Supports, provides services for and advocates on behalf of its members and other voluntary sector organisations that work with young people in Wales;

-

Is representative and has effective relations with the voluntary youth service sector:

-

Supports the voluntary youth service sector to engage in a more strategic way;

-

Enables the sector to have their voice heard in policy decisions and identify how the sector can support policy implementation;

-

Support the voluntary youth service sector to demonstrate impact of its interventions and activity;

-

Promotes quality youth work with young people in the voluntary youth work sector.

5

-

National representation and strategic leadership for the voluntary youth sector(brokerage, policy, advocacy, shaping, influencing, strategy, profile)

-

Networking and regional partnership working(partnerships, regional representation, promoting languages & cultures of Wales)

-

Information sharing(including providing funding information and support, policy information, events)

-

Promoting learning and good practice and facilitating research and evaluation(good youth work practice, quality assurance, workforce development/training/accreditation, data collection and measuring social/economic impact)

Public benefit

To further its charitable purposes for the public benefit CWVYS has become the independent, strategic

representative body for the Voluntary Youth Sector in Wales and represented, supported and gave a

collective voice to its diverse membership of organisations in their work with over 250,000 young people in

Wales.

ACHIEVEMENT AND PERFORMANCE

CWVYS delivered on its objectives for 2018-19, most notably:

1

Membership of the Ministerial Youth Work Reference Group.

2

Support for the implementation of aims of Extending Entitlement.

3

Support for the Welsh Government's National Youth Work Strategy for Wales; including the Quality Mark for Youth Work in Wales.

4

Continued support of the Youth Engagement and Progression Framework Implementation Plan

5

Disseminating information to CWVYS membership on all aspects of youth policy, developments in other policy areas and significant events and other issues such as funding.

6

Representation of the voluntary youth sector at a Wales level within the Welsh Government on youth work, youth policy, evaluation and research participation in decision-making.

7

Representing youth organisations in the Third Sector Scheme and collaboration with other networks including WCVA.

8

Collaboration with the maintained youth services in Wales and creating for a stronger, independent voice for the youth work sector.

9

Strategic and operational involvement in youth work training and workforce development including representation on ETS Wales.

10

Supporting the sector and organisations in determining its/their training and development needs.

11

Social media presence in support of improved communications with the sector.

12

Facilitating Youth Work Consortium approaches on behalf of CWVYS member organisations and generating funding from external sources in support of youth-led activity programmes.

13

Developing awareness and understanding of impacts and outcomes.

14

Membership of Youth Work in Wales Marketing Group.

15

Delivery of and support for 3 Executive Committee meetings plus an AGM.

16

Delivery of and support for 3 Workforce Development Group meetings.

17

Delivery of and support for 2 CWVYS Presidents' Group meetings.

18

Consultation responses to policy areas that have an influence on youth work.

19

Active participation in ongoing work arising from the National Assembly for Wales's CYPE Committee's 'Inquiry into Youth Work'.

20

Active participation in the Volunteering Wales Youth Network and Volunteering Wales Project Board

21

Support for Erasmus+ , Eurodesk UK and international youth exchanges.

22

Sole partner in Wales for Eurodesk UK.

23

Updating of CWVYS website.

24

Collaborative work with maintained youth services on new models of delivery.

25

Increased number of membership organisations to 97.

26

Representing the youth sector on the Third Sector Partnership Council; Third Sector/Cabinet Secretary and Ministerial meetings: Education; Finance; Children and Communities; Health and Social Care meetings.

27

Continued to develop the CWVYS Regional Group focus and support for members, including the work of one sessional Regional Co-ordinator.

28

Contributing to the future development of the youth service in Wales by assisting with the work of the Interim Youth Work Board.

29

Continuing to work with Adult Learning Wales on providing access to training for CWVYS member organisations via a formal Partnership Agreement.

30

Continued membership of the 5 Nations Voluntary Youth Sector Group.

31

Continued to develop positive working relationships with all four Police & Crime Commissioners.

32

Deliver the 'Be Positive' project as supported by Dyfed-Powys Police & Crime Commissioner.

33

Research on data collection in the voluntary youth work sector.

34

Deliver the 'Stories from Youth Work' project.

FINANCIAL REVIEW

Financial position

During the course of the year we have continued to maintain a tight fiscal policy, which has enabled us to

maintain our reserves as stated below. We have been successful in securing specific funding for project

work and the management costs we incorporated into our project budgets have contributed to our overall

running costs. We continue to receive a significant grant from the Welsh Government and this represents our

core funding, enabling us to continue with our work. During the course of the next twelve months we will

explore ways of diversifying our income stream.

During the financial year the charity reported a surplus of £20,160 (2018: £35,993).

The unrestricted reserves at 31 March 2019 were £120,358 (2018: £94,136) and restricted reserves were

£1,130 (2018: £7,192)

Investment policy

The policy of the Executive Committee is to place surplus funds into an interest bearing account whilst

maintaining sufficient funds in a current bank account to cover immediate liabilities.

Reserves policy

It is the policy of the Executive Committee to maintain reserves equivalent to six months non-project work.

The previous year's non-project work was set at a value of £60,000. Members have agreed to keep the same

level of £60,000 in reserves.

Pension Funds

The Charity operates a defined benefit pension scheme for one former employee with the Greater Gwent

(Torfaen) Pension Scheme. The last actuarial valuation was performed at 31 March 2016. Contributions are

based on pension costs across the various participating associations taken as a whole. The assets of the

scheme are invested and managed independently of the finances of CWVYS. Pension costs are assessed in

accordance with the advice of the independent qualified actuary. The annual contributions payable are

charged to the income and expenditure account. The note to the accounts provide detailed disclosure in

respect of the scheme.

FUTURE PLANS

1

CWVYS, in collaboration with the maintained sector and Welsh Government, will continue to implement the National Youth Work Strategy for Wales, a Quality Mark for Youth Work in Wales, a National Outcomes Framework, Youth Engagement & Progression Framework plus workforce planning, training and marketing.

2

CWVYS will continue to work in support of the aims of Extending Entitlement.

3

CWVYS will continue to be a pro-active member of the Employers' Group.

4

CWVYS will continue its work on workforce development and, specifically, in partnership with Adult Learning Wales, a series of youth work courses relevant for the voluntary youth sector.

5

CWVYS will continue to represent the voluntary youth sector with the Welsh Government's Third Sector Scheme and within the youth work and youth policy structures in Wales and other bodies in the UK.

6

CWVYS will continue to support its member organisations and the wider voluntary youth services on issues of training and workforce development.

7

CWVYS will continue to develop ideas in support of research in Youth Work.

8

CWVYS will continue to support the Volunteering Wales Youth Network and Volunteering Wales Network promoting opportunities to Members whilst assisting with the development of youth volunteering initiative further.

9

CWVYS will continue to work with European-based programmes e.g. Erasmus+ , Eurodesk UK and ERYICA. It will continue to develop links with the British Council and Ecorys UK.

10

CWVYS will continue to collaborate widely with other sectors in Wales including the Welsh Government, the maintained youth service, WLGA, ETS Wales, WCVA, Children's Commissioner for Wales Office amongst many others.

11

The dissemination of information on all matters relating to youth work and young people to member organisations will continue to be viewed as a priority.

12

CWVYS will work to market the sector and increase its membership.

13

CWVYS will continue to develop its Regional Group focus and support for members.

14

CWVYS will facilitate the involvement of the voluntary youth work sector in working withPolice & Crime Commissioners in relation to young people and community safety issues. This will include the management of the Serious Violence Prevention Project.

15

CWVYS will continue to be an active partner of the 5 Nations Voluntary Youth Sector Group.

16

CWVYS will continue to develop ways of supporting an outcomes-based approach to youth work and ways of demonstrating impact.

17

CWVYS will pro-actively support the national Youth Work Conference, Youth Work Week and Youth Work Excellence Awards plus all efforts to promote youth work services all-year round.

18

CWVYS will seek to deliver funded programmes on behalf of the voluntary youth work sector.

19

CWVYS will support and promote the Centre for Youth Impact's 'YPQI' pilot project in Wales.

20

CWVYS will develop the CWVYS Training Consortium model, supporting voluntary youth work services' ability to market learning opportunities both within and outside the sector.

21

CWVYS will support the development of the Association of Youth Workers Cymru.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and is constituted as a limited company

by guarantee, as defined by the Companies Act 2006.

CWVYS is a charitable company limited by guarantee incorporated on 5 May 2005 and registered as a

Charity on 3 August 2005. The company was established under a Memorandum of Association which

established the objects and powers of the charitable company and is governed by the Articles of Association.

In the event of the company being wound up, the Trustees are required to contribute an amount not

exceeding £1.00. Members are voluntary youth organisations that have been accepted into membership of

CWVYS by the Executive Committee by fulfilling the requirements of membership as laid down in the Articles

of Association.

Recruitment and appointment of executive committee

The directors of the company are also charity trustees for the purpose of Charity Law and under the

Company's Articles and are known as the Executive Committee. Under the requirements of the

Memorandum and Articles of Association, the Executive Committee is elected every year from the

membership at the Annual General Meeting by up to two representatives of each organisation in membership.

The Executive Committee consists of up to 10 representatives from national voluntary youth organisations

and up to 10 local voluntary youth organisations. An independent Chairman, who is not from a member

organisation, and a Vice Chairman and Treasurer drawn from member organisations are elected annually by

the members. The maximum period of service by the honouree officers is normally six years, with the

possibility of extending by an additional term of three years. Co-options, which are reviewed annually, can be

made by the Executive Committee during the year.

Organisational structure

The Executive Committee meets three times per year and is responsible for the strategic direction and policy

of the charitable company. There are two subcommittees that report to the Executive Committee: the Officers

Group and the Training Committee are respectively responsible for matters relating to finance/general

purposes and strategic/operational training developments.CWVYS staff members were as follows: the Chief

Executive and a part-time CWVYS Administrator. These posts were augmented by one sessional Finance

Officer and one sessional Regional Coordinator (both non-employees).

The Chief Executive is responsible for the delivery of the Operational Plan.

Trustee Induction and training

All members of the Executive Committee receive a pack of information at first appointment that includes all

relevant company documents and guidance from the Charity Commission on the responsibilities of

trustees/directors. A personal briefing is available. Most members of the Executive Committee are in senior

positions from member organisations and are already aware of their legal responsibilities as

directors/trustees.

Risk Assessment Policy

A formal risk assessment policy exists and will be reviewed by the Executive Committee as appropriate.

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 10 July 2019 and signed on its behalf by:

C Cunliffe - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

COUNCIL FOR WALES OF VOLUNTARY YOUTH

SERVICES CYNGOR CYMREIG Y GWASANAETHAU

IEUENCTID GWIRFODDOL

Independent examiner's report to the trustees of Council for Wales of Voluntary Youth Services

Cyngor Cymreig Y Gwasanaethau Ieuenctid Gwirfoddol ('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

Harri Lloyd Davies

Institute of Chartered Accountants in England and Wales

Bevan Buckland LLP

Langdon House

Langdon Road

SA1 Swansea Waterfront

Swansea

SA1 8QY

10 July 2019

COUNCIL FOR WALES OF VOLUNTARY YOUTH

SERVICES CYNGOR CYMREIG Y GWASANAETHAU

IEUENCTID GWIRFODDOL

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2019

2019

2018

Unrestricted funds

Restricted funds

Total funds

Total funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3

147,044

57,093

204,137

163,168

Investment income

4

178

-

178

68

Other income

3,205

-

3,205

1,918

Total

150,427

57,093

207,520

165,154

EXPENDITURE ON

Charitable activities

5

Provision of services to the voluntary youth sector

133,457

53,903

187,360

129,161

NET INCOME

16,970

3,190

20,160

35,993

Transfers between funds

13

9,252

(9,252

)

-

-

Net movement in funds

26,222

(6,062

)

20,160

35,993

RECONCILIATION OF FUNDS

Total funds brought forward

94,136

7,192

101,328

65,335

TOTAL FUNDS CARRIED FORWARD

120,358

1,130

121,488

101,328

COUNCIL FOR WALES OF VOLUNTARY YOUTH

SERVICES CYNGOR CYMREIG Y GWASANAETHAU

IEUENCTID GWIRFODDOL

BALANCE SHEET

AT 31 MARCH 2019

2019

2018

Unrestricted funds

Restricted funds

Total funds

Total funds

Notes

£

£

£

£

CURRENT ASSETS

Debtors

10

-

-

-

13,900

Cash at bank and in hand

171,878

1,130

173,008

159,661

171,878

1,130

173,008

173,561

CREDITORS

Amounts falling due within one year

11

(2,520

)

-

(2,520

)

(20,233

)

NET CURRENT ASSETS

169,358

1,130

170,488

153,328

TOTAL ASSETS LESS CURRENT LIABILITIES

169,358

1,130

170,488

153,328

PENSION LIABILITY

14

(49,000

)

-

(49,000

)

(52,000

)

NET ASSETS

120,358

1,130

121,488

101,328

FUNDS

13

Unrestricted funds

120,358

94,136

Restricted funds

1,130

7,192

TOTAL FUNDS

121,488

101,328

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 10 July 2019 and were signed on its behalf by:

C Cunliffe -Trustee

M Gil-Cervantes -Trustee

COUNCIL FOR WALES OF VOLUNTARY YOUTH

SERVICES CYNGOR CYMREIG Y GWASANAETHAU

IEUENCTID GWIRFODDOL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.	STATUTORY INFORMATION

Council for Wales of Voluntary Youth Services Cyngor Cymreig Y Gwasanaethau Ieuenctid Gwirfoddol

is a charitable company, limited by guarantee, registered in England and Wales. The charity's

registered number and registered office address can be found on the Reference and Administrative

Details page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

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.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a

going concern.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial

statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and

Republic of Ireland':

-

the requirements of Section 7 Statement of Cash Flows.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated

residual value of each asset over its estimated useful life.

Fixtures and fittings

- 25% on cost

Computer equipment

- 25% on cost

The cost of fixed assets is their purchase cost together with any incidental expense of acquisition.

Numerous assets have been donated to the charity. To date these have not been reflected in the

accounts.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the

general objectives of the charity and which have not been designated for other purposes.

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.

Designated funds are funds earmarked by the trustees for particular purposes falling in future time

periods.

Debtors

Debtors are recognised at the settlement amount due after any discount offered. Prepayments are

valued at the amount prepaid net of any discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short

maturity of three months or less from the date of acquisition or opening of the deposit or similar

account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation (legal and

constructive) resulting from a past event that will probably result in the transfer of funds to a third party

and the amount due to settle the obligation can be measured or estimated reliably. Creditors and

provisions are normally recognised at their settlement amount after allowing for any trade discounts

due.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value and subsequently

measured at their settlement value.

3.	DONATIONS AND LEGACIES

2019

2018

£

£

Grants

193,082

152,214

Memberships

11,055

10,954

204,137

163,168

Grants received, included in the above, are as follows:

2019

2018

£

£

Welsh Government

105,000

105,000

TSPC

3,560

3,560

Ecorys

5,379

987

Paul Hamlyn Grant

30,000

23,250

Project 1 - MSCT Youth Stories

4,000

-

Project 2 - Regional

-

6,750

Project 3 - MSCT Research

1,000

-

Project 4 - Be Positive

34,083

12,667

Project 5 - Home Office SVPP

10,060

-

193,082

152,214

4.	INVESTMENT INCOME

2019

2018

£

£

Deposit account interest

178

68

5.	CHARITABLE ACTIVITIES COSTS

Direct costs

Support costs

Totals

£

£

£

Provision of services to the voluntary youth sector

184,880

2,480

187,360

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2019

2018

£

£

Independent Examination

2,520

2,500

7.	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

2019

2018

£

£

Trustees' expenses

1,149

1,609

Trustees expenses relate to amounts reimbursed for travelling.

8.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2019

2018

Management

1

1

Administration

1

1

2

2

No employees received emoluments in excess of £60,000.

9.	TANGIBLE FIXED ASSETS

Fixtures and fittings

Computer equipment

Totals

£

£

£

COST

At 1 April 2018 and 31 March 2019

2,166

2,702

4,868

DEPRECIATION

At 1 April 2018 and 31 March 2019

2,166

2,702

4,868

NET BOOK VALUE

At 31 March 2019

-

-

-

At 31 March 2018

-

-

-

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

-

13,900

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Accruals and deferred income

2,520

20,233