DocuSign Envelope ID: E26782C8-5415-4B93-AAA9-4DB2527F41D6
REGISTERED COMPANY NUMBER: 02493263 (England and Wales) REGISTERED CHARITY NUMBER: 1000371
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
YOUTH 2000 CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE)
Fairhurst Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB
DocuSign Envelope ID: E26782C8-5415-4B93-AAA9-4DB2527F41D6
YOUTH 2000 CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Statement of Financial Position | 7 | ||
| Notes to the Financial Statements | 8 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
DocuSign Envelope ID: E26782C8-5415-4B93-AAA9-4DB2527F41D6
YOUTH 2000 CHARITABLE TRUST
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
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 2023. 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's purposes as set out in the objects contained in the company's memorandum of association are the advancement of religion and of religious teachings and beliefs in the period leading up to the second millennium of Christ's birth and beyond by the promotion of spiritual teaching among mankind and young people in particular. The aim of our charity is to introduce young people to the love of God, Father, Son and Holy Spirit and to help them discover and fulfil their potential and the unique plan He has for their lives through the teachings of the Catholic Church.
Principal Activity and Business Review
The principal activity of the charitable company is the advancement of religion, and of Christian Catholic religious teachings and beliefs which it carries out by organising prayer festivals, events and prayer groups as well and training and formation for young people, primarily between the ages of 18 and 24, although the retreats are open to all between the ages of 16 and 35, and families. However, since these were prevented by government restrictions as a result of the Covid-19 pandemic, the charity pivoted its operations online during and between the lockdowns during this year. As a result of the success of this strategic shift, the trustees have now approved a hybrid strategy of both in person and online events and training both to extend the reach of the charity and to better serve the needs of the young people it seeks to serve.
The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements. Building upon the success of the previous year, with 3 full time staff further significant progress to be made towards achieving the goals set out in the strategic plan following the strategic review concluded in October 2018. This includes the staging of the second summer festival in August 2022 after the Covid-19 pandemic at Ampleforth Abbey which was a great success both in terms of its quality, its impact upon those attendees and numbers in attendance. Additionally, this was the second successive year in many years that the summer festival did not require significant subsidy from the charity's reserves and marked a significant milestone of progress towards financial sustainability.
The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
The trustees are aware of and have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charities Commission. In particular, the trustees would like to highlight the following about the work and activities of Youth 2000.
Public Access: Youth 2000's festivals and retreats both online and in person are open to all young people within the target age range of 16-35. We encourage those who are able to cover the cost of their place at an event. However, to ensure no young person is prevented from attending due to personal financial circumstances we offer subsidised and/or free places to those who cannot afford to pay towards their place. Further, the pivoting of Youth 2000's events online during the pandemic restrictions and the subsequently adopted hybrid strategy of holding our events both online and in person has extended access to its activities to a greater extent.
Both the online events and residential festivals (which non-residents may also attend) are intended to give the attendees an opportunity to make friends, seek guidance and spiritual and often practical help in a Christian Catholic context. The retreats are offered in order to enable young people to find their true identity, value and purpose and so to find fulfilment and happiness not just for their own benefit but for the benefit of their families, friends, wider community and society at large. As a result of attending a festival, many young people turn away from lifestyles which are damaging to their mental, emotional and physical health for example, binge drinking, use of drugs, self-harm and dangerous sexual activity. Mary Downie serves as the designated safeguarding trustee and Hannah Hayward as assistant designated safeguarding trustee and form part of the safeguarding sub-committee working with the staff designated safeguarding lead. In September 2022, Louisa Mayne was appointed to a new post of head of operations and safeguarding.
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YOUTH 2000 CHARITABLE TRUST
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
Many young people attend the events and find purpose and strength and make positive choices to fulfil their potential by finding their path in life and go onto serve society through work and voluntary activity. Accordingly, the activities of Youth 2000 are very much focused upon benefitting the public at large by helping young people grow, flourish and mature. In making decisions in respect of the running of the charity, the trustees are seeking to expand the activities of Youth 2000 and so to further the charity's purpose for the public benefit.
Youth 2000 events are widely publicised through social media channels and through the charity's email networks as well as other organisations which have similar aims and objectives. Young people who have attended are encouraged to invite their friends, peers and colleagues irrespective of religious belief and/or practice. There is therefore a significant engagement in the wider community.
Detriment/Harm: The trustees have considered the risks of detriment or harm concluded that no harm or detriment result the activities of the charity in and of themselves when carried out properly. Nevertheless, a comprehensive risk register has been drawn up and is reviewed regularly by the National Director and also the board of trustees and mitigation strategies have been implemented to deal with risk of detriment and harm, in particular, the trustees appointed an independent safeguarding expert to advise on the charity's safeguarding policies and procedures. All safeguarding policies and procedures are regularly updated in line with Catholic Safeguarding Advisory Service's (CSAS) latest guidance. Each member of staff and key volunteers undergo safeguarding training and the trustees are committed to embedding the already healthy culture of safeguarding more deeply. Further, the charity has a health and safety policy drawn up by an independent consultant which principally governs the running of in person events and has engaged a suitably qualified events contractor who ensures that this is complied with. In addition, both the National Director and the Head of Operations have undergone training in health and safety (IOSH - Managing Safely) as well as a mental health first aid course. Key volunteers are also given health and safety training appropriate to their level of responsibility. As part of its risk management, an independent risk audit was commissioned by the trustees in March 2023 which was delivered in July 2023 and discussed as part of a dedicated offsite meeting.
Personal Benefits: The trustees have also considered whether any personal benefits are more than incidental and are satisfied that there are no such personal benefits.
OBJECTIVES AND ACTIVITIES
Significant activities
This brief overview highlights how Youth 2000 worked across England and Wales during 2021/2022. We would like to take this opportunity to thank all our benefactors and partners for their continued prayers, support, and encouragement.
Between 1 April 2022 and 31 March 2023, Youth 2000 continued to adopt a hybrid approach to include both in-person and online events to maximise the reach and effectiveness of its mission. Significantly, this year saw the challenge of handing over of the role of National Director from Annabel Ward to Jade Broadley in September 2022 as Annabel moved overseas. The board would like to record their gratitude to both Annabel and Jade for their exemplary dedication, hard work and leadership which has ensured the continued success and growth of Youth 2000's mission going forward.
The digital strategy developed in the first lockdown continued to reach young people online through Youth 2000's own 8 week formation course "Upper Room Project" filmed in the previous year, a regular discipleship formation program, a monthly women's meeting, a mission partner's prayer group, as well as other formation, training and evangelisation courses for the volunteer team. As part of its program of developing young people, in addition to its formation and discipleship program offered to young people, Youth 2000 also provided 2 summer internships and sponsored a young person through the One Hope Project Worship Academy.
Youth 2000 was able to run 'in-person' events and festivals after the lifting of the COVID-19 restrictions. Youth 2000 hosted 3 local retreats held in London, Edinburgh and Leeds at which first timers consisted of 44% of all attendees. Together with the Summer Festival at Ampleforth Abbey, a fundraising ball, a monthly Holy Hour in London and a mission partners retreat Youth 2000 welcomed around 1300 people in total over the course of the year.
Youth 2000 has continued to support and partner with third party organisations and their events including One Hope Project, Flame, Joels Bar, Advent Mission at St. Patricks Soho, Alpha Leadership conference, CSN Conference, Medjugorje Youth Festival, Theology on Tap at St. Vincent's Mission Hub, Big Church Day Out as well as sitting on committees such as CYMFed and the National Office for Vocations.
Public benefit
Whilst exercising their duties the charity trustees have complied with the guidance on public benefit rules.
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YOUTH 2000 CHARITABLE TRUST
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
FINANCIAL REVIEW
Financial position
During the financial year, incoming resources (which were mainly donations and grants received) amounted to £172,974 (2022: £125,511). The charity also received £76,116 (2022: £71,968) in respect of festival income and £230 (2022: £10) interest. Resources expended amounted to £240,269 (2022: £197,140) resulting in a surplus during the year of £9,051 (2022: £349).
Reserves policy
It is the policy of Youth 2000 to maintain at any one time a balance of unrestricted funds to provide a level of working capital that protects the continuity of its core work and cover for risks such as unforeseen expenditure or unanticipated loss of income.
Going concern
No material uncertainties exist about the ability of the charity to continue as a going concern for the foreseeable future. Whilst the lingering impact of Covid-19 and cost of living crisis has been considered, our cashflow forecasts and budgets do not suggest that there is any reason for concern with any financial risks mitigated as far as possible.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The organisation is a charitable company limited by guarantee, incorporated on 18 April 1990 and registered as a charity on 17 September 1990. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. By special resolution of the members, an amended memorandum and articles of association was adopted on 18 June 2022 and filed at Companies House on 27 June 2022. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are also members of the company. Under the requirements of the Memorandum and Articles of Association the directors are elected to serve until the third Annual Retirement Meeting following the commencement of their term of office.
In March 2021, the Board of Trustees launched an open recruitment process to strengthen the Board, using its own database and asking other organisations to publicise this opportunity, as well as advertising the post on https://trustees-unlimited.co.uk. This process yielded 4 very high quality candidates who were offered the opportunity to act as consultants to the Board as part of the recruitment process and were then appointed as trustees on 30 November 2021. A further round of recruitment will take place to refresh the board and recruit new trustees starting in early 2024 for appointment in November 2024.
All members of the Management Committee give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in the accounts.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02493263 (England and Wales)
Registered Charity number
1000371
Registered office
PO Box 408 Leeds LS26 1HN
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YOUTH 2000 CHARITABLE TRUST
REPORT OF THE TRUSTEES for the Year Ended 31 March 2023
Trustees
Ms M Downie M Hall Ms H Hayward C Macfarlane C J Purslow R F A Toone
Independent Examiner
John Fairhurst BA(Hons) FCA Fairhurst Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB
Bankers Lloyds Bank Plc Harrogate North Yorkshire 14 December 2023 | 13:06 GMT Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ R F A Toone - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YOUTH 2000 CHARITABLE TRUST
Independent examiner's report to the trustees of Youth 2000 Charitable Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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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
-
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.
John Fairhurst BA(Hons) FCA
Fairhurst Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB
14 December 2023 | 13:28 GMT Date: .............................................
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YOUTH 2000 CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 172,974 Charitable activities 4 Festivals - Ticketed 76,116 Investment income 3 230 Total 249,320 EXPENDITURE ON Raising funds 5 10,172 Charitable activities 6 Festivals - Ticketed 94,357 Events 135,740 Other - Total 240,269 NET INCOME 9,051 RECONCILIATION OF FUNDS Total funds brought forward 83,735 TOTAL FUNDS CARRIED FORWARD 92,786 |
Restricted fund £ - - - - - - - - - - 52,640 52,640 |
2023 Total funds £ 172,974 76,116 230 249,320 10,172 94,357 135,740 - 240,269 9,051 136,375 145,426 |
2022 Total funds £ 125,511 71,968 10 |
|---|---|---|---|
| 197,489 | |||
| 6,078 53,160 137,902 - |
|||
| 197,140 | |||
| 349 136,026 |
|||
| 136,375 |
The notes form part of these financial statements
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YOUTH 2000 CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION 31 March 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 10 643 CURRENT ASSETS Debtors 11 - Cash at bank and in hand 101,299 101,299 CREDITORS Amounts falling due within one year 12 (9,156) NET CURRENT ASSETS 92,143 TOTAL ASSETS LESS CURRENT LIABILITIES 92,786 NET ASSETS 92,786 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 52,640 52,640 - 52,640 52,640 52,640 |
2023 Total funds £ 643 - 153,939 153,939 (9,156) 144,783 145,426 145,426 92,786 52,640 145,426 |
2022 Total funds £ 1,736 957 146,487 147,444 (12,805) 134,639 136,375 136,375 83,735 52,640 136,375 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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
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(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 provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 December 2023 | 13:06 GMT ............................................. and were signed on its behalf by:
.............................................
R F A Toone - Trustee
The notes form part of these financial statements
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YOUTH 2000 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
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 2019)', 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.
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.
Allocation and apportionment of costs
Support costs are those functions that assist the work of the charity but do not directly relate to charitable activities. Support costs include office costs, finance and governance costs which support the charity activities.
Tangible fixed assets
Tangible fixed assets are included at cost or valuation less depreciation and impairment.
Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost
Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.
Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.
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.
continued...
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YOUTH 2000 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES - continued
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors
Creditors are recognised where the charity has a present obligation 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 are normally recognised at their settlement amount after allowing for any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid deposits.
Financial instruments
The charity 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.
Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared to its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit or loss.
If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset in prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Other grants |
2023 £ 75,114 97,860 172,974 2023 £ 97,860 |
2022 £ 115,511 10,000 |
|
|---|---|---|---|
| 125,511 | |||
| 2022 £ 10,000 |
continued...
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YOUTH 2000 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
3. INVESTMENT INCOME
| Deposit account interest 4. INCOME FROM CHARITABLE ACTIVITIES Activity Festival income Festivals - Ticketed 5. RAISING FUNDS Raising donations and legacies Staff costs 6. CHARITABLE ACTIVITIES COSTS Festivals - Ticketed Events 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Depreciation - assets on hire purchase contracts and finance leases |
Direct Costs £ 94,357 130,033 224,390 |
2023 £ 230 2023 £ 76,116 2023 £ 10,172 Support costs £ - 5,707 5,707 2023 £ 1,506 - |
2022 £ 10 2022 £ 71,968 |
||
|---|---|---|---|---|---|
| 2022 £ 6,078 |
|||||
| Totals £ 94,357 135,740 |
|||||
| 230,097 | |||||
| 2022 £ 1,360 56 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
During the year costs amounting to £119 (2022: £342) were reimbursed to the trustees and £660 (2022: £79) were reimbursed to other related parties.
continued...
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NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
| 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 125,511 Charitable activities Festivals - Ticketed 71,968 Investment income 10 Total 197,489 EXPENDITURE ON Raising funds 6,078 Charitable activities Festivals - Ticketed 53,160 Events 80,089 Other - Total 139,327 NET INCOME/(EXPENDITURE) 58,162 RECONCILIATION OF FUNDS Total funds brought forward 25,573 TOTAL FUNDS CARRIED FORWARD 83,735 10. TANGIBLE FIXED ASSETS COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Restricted Total fund funds £ £ - 125,511 - 71,968 - 10 - 197,489 - 6,078 - 53,160 57,813 137,902 - - 57,813 197,140 (57,813) 349 110,453 136,026 52,640 136,375 Computer equipment £ 12,873 413 13,286 11,137 1,506 12,643 643 1,736 |
|---|---|
continued...
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YOUTH 2000 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
| 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income 13. MOVEMENT IN FUNDS At 1/4/22 £ Unrestricted funds General fund 83,735 Restricted funds Restricted fund 52,640 TOTAL FUNDS 136,375 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 249,320 TOTAL FUNDS 249,320 |
2023 2022 £ £ - 957 2023 2022 £ £ 3,423 33 1,696 2,385 1,037 3,507 3,000 6,880 9,156 12,805 Net movement At in funds 31/3/23 £ £ 9,051 92,786 - 52,640 9,051 145,426 Resources Movement expended in funds £ £ (240,269) 9,051 (240,269) 9,051 |
|---|---|
continued...
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NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Comparatives for movement in funds | ||
|---|---|---|
| Net | ||
| movement | At | |
| At 1/4/21 | in funds | 31/3/22 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 25,573 |
58,162 | 83,735 |
| Restricted funds | ||
| Restricted fund 110,453 |
(57,813) | 52,640 |
| TOTAL FUNDS 136,026 |
349 | 136,375 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 197,489 |
(139,327) | 58,162 |
| Restricted funds | ||
| Restricted fund - |
(57,813) | (57,813) |
| TOTAL FUNDS 197,489 |
(197,140) | 349 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1/4/21 £ 25,573 110,453 136,026 |
Net movement in funds £ 67,213 (57,813) 9,400 |
At 31/3/23 £ 92,786 52,640 |
|---|---|---|---|
| 145,426 |
continued...
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YOUTH 2000 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 446,809 - 446,809 |
Resources Movement expended in funds £ £ (379,596) 67,213 (57,813) (57,813) (437,409) 9,400 |
|---|---|---|
General fund
The purpose of the general fund is to deliver the charity's objects and help meet the charity's obligations in respect of public benefit.
Restricted fund
These funds are set aside to pay for very specific things. Funding for the National Director (in the past chief executive officer); to help finance the rebranding and creating an online presence and fundraising costs; to employ the office and communications coordinator; to finance worship leader training.
14. RELATED PARTY DISCLOSURES
During the year donations amounting to £8,195 (2022: £8,016) were made to the charity by the trustees and £1,713 (2022: £Nil) by other related parties.
15. ULTIMATE CONTROLLING PARTY
The charity is under the control of the trustees.
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DocuSign Envelope ID: E26782C8-5415-4B93-AAA9-4DB2527F41D6
YOUTH 2000 CHARITABLE TRUST
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Grants Investment income Deposit account interest Charitable activities Festival income Total incoming resources EXPENDITURE Raising donations and legacies Wages Pensions Charitable activities Wages Social security Pensions Retreat and event costs Travel and subsistence Other running costs Entertainment Motor expenses Festival costs Support costs Governance costs Accountancy fees Legal fees Book keeping Depreciation Card charges Total resources expended Net income |
2023 £ 75,114 97,860 172,974 230 76,116 249,320 9,965 207 10,172 80,985 3,358 1,918 13,156 5,356 23,387 1,496 376 94,358 224,390 3,532 50 613 1,506 6 5,707 240,269 9,051 |
2022 £ 115,511 10,000 125,511 10 71,968 197,489 5,555 523 6,078 82,400 4,881 1,641 16,527 3,612 21,382 1,480 110 53,160 185,193 3,880 100 406 1,472 11 5,869 197,140 349 |
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This page does not form part of the statutory financial statements
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