The Young Programme Limited - Charities report - 18.1

The Young Programme Limited - Charities report - 18.1

THE YOUNG PROGRAMME LIMITED - Company Information

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IRIS Accounts Production v18.3.1.65 Other Company accounts True False Pounds 1.7.17 30.6.18 30.6.18 FY Ms F C MacDonald Ms F C MacDonald FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP True True True True True False True False False False iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2825892017-06-30SC2825892018-06-30SC2825892017-07-012018-06-30SC2825892016-06-30SC2825892016-07-012017-06-30SC2825892017-06-30SC282589ns0:CharitableCompanyLimitedByGuarantee2017-07-012018-06-30SC282589ns15:PoundSterling2017-07-012018-06-30SC282589ns0:Trustee12017-07-012018-06-30SC282589ns11:FRS1022017-07-012018-06-30SC282589ns11:IndependentExaminationCharity2017-07-012018-06-30SC282589ns11:LargeMedium-sizedCompaniesRegimeForAccounts2017-07-012018-06-30SC282589ns11:FullAccounts2017-07-012018-06-30SC282589ns11:CharitiesSORP2017-07-012018-06-30SC28258922017-07-012018-06-30SC282589ns16:Scotland2017-07-012018-06-30SC282589ns11:RegisteredOffice2017-07-012018-06-30SC282589ns0:Trustee22017-07-012018-06-30SC282589ns0:Trustee32017-07-012018-06-30SC282589ns0:Trustee42017-07-012018-06-30SC282589ns0:Trustee52017-07-012018-06-30SC282589ns0:Trustee62017-07-012018-06-30SC282589ns0:Trustee72017-07-012018-06-30SC282589ns11:CompanySecretary12017-07-012018-06-30SC282589ns0:Activity82017-07-012018-06-30SC282589ns0:Activity82016-07-012017-06-30SC282589ns10:WithinOneYear2018-06-30SC282589ns10:WithinOneYear2017-06-30SC28258922017-07-012018-06-30SC282589ns10:CostValuation2017-06-30SC282589ns10:Subsidiary12017-07-012018-06-30SC282589ns10:Subsidiary112017-07-012018-06-30SC282589ns10:Subsidiary12018-06-30SC282589ns10:Subsidiary12017-06-30SC282589ns10:Subsidiary12016-07-012017-06-30
REGISTERED COMPANY NUMBER: SC282589 (Scotland)
REGISTERED CHARITY NUMBER: SC036433















Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2018
for
The Young Programme Limited
Mackay & Co
Chartered Accountants
Main Street
Golspie
Sutherland
KW10 6RH









The Young Programme Limited
Contents of the Financial Statements
for the Year Ended 30 June 2018










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 10

The Young Programme Limited
Report of the Trustees
for the Year Ended 30 June 2018
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 30 June 2018.
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
The principal activity of the company is that of sponsoring and promoting educational events.
ACHIEVEMENT AND PERFORMANCE
The charity aims to provide endowed places in Young Programme events for young people who
work or volunteer in the charitable sector and whose employers are therefore unlikely to be able to
afford the costs of the programme. In the year 2017-18, endowed places costing £10,860 were
provided. The charity was also responsible for maintaining the Young Programme website and
sponsored prizes in events run by other charities with the aim of encouraging the intellectual
development of young people.

FINANCIAL REVIEW
Donations of £57,000 (2017 - £45,500) were received during the year.

Total expenditure incurred was £30,307 - (2017 - £29,715).

At the end of the year net incoming resources were £27,711 - (2017 - £15,785). Further details are
provided in the notes.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company is limited by guarantee and was incorporated on 3 April 2005. It is governed by it
Memorandum and Articles of Association dated 30 March 2005. It is registered as a Scottish
Charity, under number SC036433. In the event of the company being wound up members are
required to contribute an amount not exceeding £1 each.

Recruitment and appointment of new trustees
The trustees who served during the period were as shown in the "Reference and Administrative
Details" section below.

The Articles of Association do not require trustees to retire from the Board by rotation. The
trustees have the power to appoint any person to the board of trustees, whether to fill a casual
vacancy, or otherwise.

The trustees are appointed by the members in General Meeting and from their number a
Chairperson is appointed. There is no maximum number of trustees but there shall not be less
than three. New trustees undergo an appropriate induction programme to brief them on their
obligations under charity and company law and the financial performance of the company.

Trustees are entitled to receive remuneration and expenses in accordance with the Articles of
Association.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC282589 (Scotland)

Page 1
The Young Programme Limited
Report of the Trustees
for the Year Ended 30 June 2018
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
SC036433

Registered office
217 Liberator House
Glasgow Prestwick Airport
Prestwick
South Ayrshire
KA9 2PT

Trustees
Ms F C MacDonald
A T McIntyre
Ms I I McLeod
Ms B Millar
K A Roy - deceased 5.11.18
Ms A J Williams - appointed 15.8.17
W G Deslandes - appointed 15.8.17

Company Secretary
Ms F C MacDonald

Independent examiner
Marcus D MacIver
Chartered Accountant (ICAS)
Mackay & Co
Chartered Accountants
Main Street
Golspie
Sutherland
KW10 6RH

Approved by order of the board of trustees on 23 November 2018 and signed on its behalf by:



Ms F C MacDonald - Trustee
Page 2
Independent Examiner's Report to the Trustees of
The Young Programme Limited
I report on the accounts for the year ended 30 June 2018 set out on pages four to ten.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the
terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts
(Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit
requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my
responsibility to examine the accounts as required under Section 44(1)(c) of the 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 Regulation 11 of the Charities Accounts
(Scotland) Regulations 2006 (as amended). 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 you as trustees concerning any such matters. The procedures undertaken do
not provide all the evidence that would be required in an audit, and consequently I do not express
an audit opinion on the view given by the accounts.

Independent examiner's statement
In the course of 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 44(1)(a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with
Regulation 8 of the 2006 Accounts Regulations

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.









Marcus D MacIver
Chartered Accountant (ICAS)
Mackay & Co
Chartered Accountants
Main Street
Golspie
Sutherland
KW10 6RH


23 November 2018
Page 3
The Young Programme Limited
Statement of Financial Activities
for the Year Ended 30 June 2018
30.6.18 30.6.17

Unrestricted
fund		 Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 56,999 45,500
Other income 1,019 -
Total 58,018 45,500

EXPENDITURE ON
Charitable activities
General 30,307 29,715
NET INCOME 27,711 15,785
RECONCILIATION OF FUNDS

Total funds brought forward 29,997 14,212
TOTAL FUNDS CARRIED FORWARD 57,708 29,997
The notes form part of these financial statements
Page 4
The Young Programme Limited
Balance Sheet
At 30 June 2018
30.6.18 30.6.17

Unrestricted
fund		 Total
funds
Notes £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Cash at bank 58,324 30,295

CREDITORS
Amounts falling due within one year 5 (618 ) (300 )

NET CURRENT ASSETS 57,706 29,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,708
29,997
NET ASSETS 57,708 29,997
FUNDS 6
Unrestricted funds 57,708 29,997
TOTAL FUNDS 57,708 29,997
The notes form part of these financial statements
Page 5 continued...
The Young Programme Limited
Balance Sheet - continued
At 30 June 2018
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the
year ended 30 June 2018 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 23 November 2018 and were signed on its behalf by:




Ms F C MacDonald -Trustee
The notes form part of these financial statements
Page 6
The Young Programme Limited
Notes to the Financial Statements
for the Year Ended 30 June 2018
1. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 with the exception of investments which are
included at market value.

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.

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

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion
of the trustees.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2018 nor
for the year ended 30 June 2017.

Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2018 nor for the year
ended 30 June 2017.

Page 7
The Young Programme Limited
Notes to the Financial Statements - continued
for the Year Ended 30 June 2018
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 45,500
Total 45,500

EXPENDITURE ON
Charitable activities
General 29,715
Total 29,715
NET INCOME 15,785
RECONCILIATION OF FUNDS

Total funds brought forward 14,212
TOTAL FUNDS CARRIED FORWARD 29,997

4. FIXED ASSET INVESTMENTS



Shares in
group
undertakings
£   
MARKET VALUE
At 1 July 2017 and 30 June 2018 2
NET BOOK VALUE
At 30 June 2018 2
At 30 June 2017 2

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies
include the following:

Page 8
The Young Programme Limited
Notes to the Financial Statements - continued
for the Year Ended 30 June 2018
4. FIXED ASSET INVESTMENTS - continued

Young Programme Events Ltd
Nature of business: Event organising

%
Class of share: holding
Ordinary 100

31.3.18 31.3.17
£    £   
Aggregate capital and reserves 185 194
(Loss) for the year (9 ) (20 )

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18 30.6.17
£    £   
Accrued expenses 618 300

6. MOVEMENT IN FUNDS





At 1.7.17		 Net
movement
in funds

At 30.6.18
£    £    £   
Unrestricted funds
General fund 29,997 27,711 57,708

TOTAL FUNDS 29,997 27,711 57,708

Net movement in funds, included in the above are as follows:

Incoming
resources		 Resources
expended		 Movement
in funds
£    £    £   
Unrestricted funds
General fund 58,018 (30,307 ) 27,711

TOTAL FUNDS 58,018 (30,307 ) 27,711

Page 9
The Young Programme Limited
Notes to the Financial Statements - continued
for the Year Ended 30 June 2018
6. MOVEMENT IN FUNDS - continued


Comparatives for movement in funds




At 1.7.16		 Net
movement
in funds

At 30.6.17
£    £    £   

Unrestricted Funds
General fund 14,212 15,785 29,997

TOTAL FUNDS 14,212 15,785 29,997
Comparative net movement in funds, included in the above are as follows:

Incoming
resources		 Resources
expended		 Movement
in funds
£    £    £   
Unrestricted funds
General fund 45,500 (29,715 ) 15,785

TOTAL FUNDS 45,500 (29,715 ) 15,785

7. RELATED PARTY DISCLOSURES

During the year, consultancy fees of £6,000 were paid to Ms F MacDonald and consultancy
fees of £7,000 were paid to Mr K Roy. Both individuals are also trustees of the charity.

8. ULTIMATE CONTROLLING PARTY

In the opinion of the trustees, there is no ultimate controlling party.

Page 10