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2023-03-31-accounts

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FRONTIER YOUTH TRUST
(A company limited by guarantee)
TRUSTEES' REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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Company number 03264908 Charity numbers 1059328 & SC043239

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Index

Index
Page
Report of the Trustees 3-8
Statement of Trustees responsibilities 9
Report of the Independent Examiner 10
Statement of financial activities (incorporating an Income & Expenditure Account) 11
Balance sheet 12
Principal Accounting Policies 13-15
Notes to the financial statements 16-24

2

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Report of the Trustees

The directors of Frontier Youth Trust (“the charitable company”) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as its Trustees. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102) (updated 1 January 2019).

Since the Frontier Youth Trust qualifies as small under section 383, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.

Frontier Youth Trust also operates under the name FYT.

The Trustees have pleasure in presenting the charitable company’s report and financial statements for the year ended 31 March 2023.

OBJECTIVES AND ACTIVITIES

Frontier Youth Trust is a movement of pioneering youth workers and projects. We are a movement calling and working for a better world for young people.

We are home for pioneer youth work . We are a mission community active in building a better world for young people. Connecting together sustains and equips isolated youth workers and enables dissemination of good practise. We connect online, through training and events, in regional hubs, and in collaborating on joint projects.

We are improving and increasing practice on the ground. Through training, coaching, practical resources and showcasing good practice, we are resourcing and equipping Christians to take pioneering risks in their work with young people.

We are calling others to pioneering youth work. Together this movement has a loud voice. In theological thinking, campaigning, sharing good ideas, telling stories, we are inspiring and challenging others to join the pioneer movement to reach young people on the margins.

Inclusion statement

Frontier Youth Trust is passionately committed to equality. As such, we will seek to embrace and champion those who are often marginalised in Christian communities and the wider world, regardless of economic power, age, gender, gender identity, mental health, mental ability, physical ability, race or sexuality. As an organisation and a movement, we will be proactive in affirming all as fearfully and wonderfully made in the image of God. We recognise that we don’t always get this right. We can be unaware of our own prejudices, and we have not always been vocal enough about the things we stand for. At such times we will humbly seek forgiveness and seek to make right what has been wrong. We will work to eliminate discriminatory behaviour wherever it is found and educate those who show prejudice, as we pursue a better world for young people.

Public benefit

In developing our activities the Trustees are mindful of their obligations to ensure public benefit in accordance with the Charity Commission guidance and commend the evidence contained in this report.

3

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Report of the Trustees (continued)

ACHIEVEMENTS AND PERFORMANCE

REVIEW OF ACTIVITIES

Frontier Youth Trust (FYT) is a Christian organisation with over 50-years heritage dedicated to working with young people. We are a movement of pioneering youth workers and projects calling and working for a better world for young people. The FYT movement comprises more than 40 independent local youth work projects working across the country including over 200 locally resourced youth workers and volunteers. These projects and individuals, alongside our staff, trustees and volunteers are our biggest resource. FYT would not achieve what it does without their commitment and service. Frontier Youth Trust resources and facilitates the movement by employing 6 part-time staff (including the Leadership Team and Regional Activists).

4

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Report of the Trustees (continued)

Summary of Activities

We have continued to invest in our innovation strategy to recruit and develop members in pioneer youth work practice and increase belonging within the FYT movement. This strategy included expanding our presence within the sector, diversifying our routes into training with bespoke pathways, and establishing/sustaining an annual pattern of events. We have continued to develop and expand our Membership Offer through a thematic approach with online discussions on key issues, a series of ‘Elephant in the Room’ webinars, and a renewed ‘movement magazine’ showcasing stories and experiences from across the FYT movement. We were pleased to re-issue the popular Starter Cards resource to enable deeper conversations with young people.

Our work in the areas of diversity and inclusion has continued to grow with increased training opportunities and continual sales of the Diversity Dice (in partnership with QSpace). We have developed partnerships with the Salvation Army and Methodist Church to extend

the reach of this resource. In addition, in responding to concerned youth workers and parents, we began a journey

to develop an event to engage with LGBTQIA+ Christian Young People that will come to fruition in the next financial year.

We have seen an increase in new members taking up training and development opportunities, including training for young leaders (U21). Opportunities included training in community leadership, pioneer theology, inclusion and in rest/resistance. Our partnership course with CMS (degree L4) completed a fourth cohort followed by a hiatus for academic year 2022/23. The pathway is relaunching with an expanded cohort of 8 students in 2023.

Building on our previous theological discussions about vision and values, the FYT trustees developed an update to the theological statement within the memorandum of articles, which will be adopted in the year ahead to re-affirm the Christian principles, values and approaches of the FYT movement.

Plans for the year ahead

In 2023/24 we plan to consolidate the emerging rhythms of the FYT movement, including a continued offering of the Beyond Conference, Restival, Zines, Training Weekends, and Webinars, to better engage and equip our members for youthwork in the margins.

Our diversity dice roll-out will continue, including our new Prophetic Dreamers weekend training & gathering LGBTQIA+ Christian Young People. We are looking to develop our training pathways with a stronger pipeline of new students by working closely with partners.

5

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Report of the Trustees (continued)

FINANCIAL REVIEW

Income of £139,341 is reported, an increase compared with the previous year (2022: £ 114,102). This is primarily due to grants received in the year.

The net expenditure for the year was £14,970 (2022: net expenditure £28,129).

Principal funding

The charity has, this financial year, used 'carried forward' grant funding for the purposes given in order to deliver the charitable objects as prescribed, as well as continual work to secure new grant funding.

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INCOME
Legacies
Donations
2%
45%
Grants
42%
Other
11%
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Sources of funding are detailed in the Financial Statements. FYT receives high levels of funding from both individual supporters, which are generally contributions to unrestricted funds, and grant making organisations. Funds from grant making organisations are generally restricted funds, and are applied to the specified projects.

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EXPENDITURE
Project
Marketing delivery
2% 4%
Office,
admin &
finance
29%
Staff costs
Governance
62%
3%
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Fundraising

Frontier Youth Trust is very appreciative of its movement members, loyal supporters, and funders, without their generosity none of our work would be possible. Despite challenging economic times, our regular supporters have continued to give generously. We remain privileged that so many of our supporters have continued in their generosity over successive year, but also acknowledge an ageing population of long term supporters who are reaching retirement age and beyond. The trustees are actively considering their strategy to attract new long terms donors.

Investment policy

FYT's values and prudent research are used to keep the best return whilst not removing flexibility for our reserves and have chosen investment banks in line with FYT values. Sufficient cash is retained on deposit to ensure adequate cash flow. The organisation is mindful of the £85,000 cap under the UK's Financial Services Compensation Scheme.

Reserves policy

Trustees agreed in 2023 to amend the minimum reserves to £20,000 reflecting the current size and liabilities of the organisation. At the end of the year free reserves (defined as un-restricted funds less fixed assets and designated funds) are £26,042, which is more than the current policy. The additional money will be invested in our work over the coming year.

6

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Report of the Trustees (continued)

Risk management

The Trustees have assessed the major risks to which Frontier Youth Trust is exposed, in particular those related to the operations and finances of Frontier Youth Trust, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Our Risk Management register is reviewed and updated frequently.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 17 October 1996. The company was registered as a charity on 27 November 1996.

The principal object of the company is mission with young people at risk.

Appointment of Trustees, induction & training

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

New Trustees are recruited following an analysis by the board of the skills which need to be added to the Board. Because of the faith basis of FYT recruitment is on the basis of using networks and contacts to find people with the relevant skills and experience.

In addition to meeting with the Chair, new trustees are provided with a role description and are offered mentoring with a more established member of the Board.

The Trustee Board administers the charity. It meets at least four times a year and oversees the strategic direction of the charity. The day to day management of FYT is delegated to the Leadership Team.

7

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Report of the Trustees (continued)

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees:

Aaron Bennett Tadeusz Billam (Resigned 28 September 2022) Andrew Campbell (Appointed 15 June 2023) Matthew Davis Anna Hembury Sally Nash Deborah North (Chair) Lorimer Passmore (Resigned 28 September 2022) Ian Tannahill Keith White

Company Secretary: Matt Perry

Patron: Rt Hon Stephen Timms MP (the position of Patron was retired in May 2023) President : Rt Revd Roger Sainsbury

Leadership team: John Wheatley, Dylan Barker, Lauren McCombie

Charity Number: 1059328 Company number: 03264908 Scottish Charity Number: SC043239

Registered Office:

434 Forest Road Walthamstow London E17 4PY

Independent Examiner:

Karen Hanlan, ACA, FCIE Karen Hanlan Independent Examiner Ltd 1 Saracen Close Ettington CV37 7SZ

Bankers:

HSBC 62 George White Street Cabot Circus Bristol BS1 3BA

Solicitors:

Pothecary & Barratt Talbot Court Gracechurch Street London EC3 0BS

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FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Statement of Trustees’ responsibilities

The Trustees (who are also Directors of Frontier Youth Trust for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Board and signed on its behalf by:

Deborah North Trustee

Date: 28[th] September 2023

9

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Independent Examiner’s Report to the Trustees of Frontier Youth 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 which are set out on pages 11 to 24.

Responsibilities and basis of report

As the 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 Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

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 Company’s accounts as carried out under section 44(1)(c) of the 2005 Act and section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Company is required by law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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 that in any material respect:

I have no concerns and have come across no 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.

Karen Hanlan, Member of Institute of Chartered Accountants England & Wales Karen Hanlan Independent Examiner Ltd 1 Saracen Close, Ettington, CV37 7SZ

Date: 28/9/2023

10

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Statement of Financial Activities (including an Income & Expenditure Account)

Income from:
Note
Donations and legacies
1
Charitable Activities
2
Trading Activities
3
Investments – bank interest
Total income
Expenditure on:
Raising funds
4
Charitable activities
5
Total Expenditure
Net (expenditure)/ income in
year and net movement in
funds
Reconciliation of funds
Total funds brought forward
12
Total funds carried forward
12		 Un-
restricted
funds
2023
Restricted
funds
2023
Total
2023
Total
2022
£
£
£
£
73,718
59,000
132,718
111,135
448
-
448
573
5,919
-
5,919
2,388
256
-
256
6
80,341
59,000
139,341
114,102
2,397
-
2,397
2,350
99,925
51,989
151,914
139,881
102,322
51,989
154,311
142,231
(21,981)
7,011
(14,970)
(28,129)
58,987
25,238
84,225
112,354
37,006
32,249
69,255
84,225

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

11

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Balance sheet

Company registered number 03264908
Notes
Fixed Assets
Tangible assets
9
Current Assets
Debtors
10
Cash at bank and in hand
Current Liabilities
Creditors: amounts falling due within one year
11
Net current assets
Net assets
The funds of the Charity:
Restricted Funds
12
Unrestricted Funds
12
Total charity funds		 2023
2022
£
£
887
-

3,370
2,585
66,993
83,285
70,363
85,870
(1,995)
(1,645)
68,368
84,225
69,255
84,225
32,249
25,238
37,006
58,987
69,255
84,225

The accompanying accounting policies and notes form part of these financial statements.

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Responsibilities of directors/Trustees:

(a) The members have not required the charitable company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006 - however, in accordance with section 145 of the Charities Act 2011 the financial statements have been examined by an independent examiner whose report appears on page 10.

(b) The directors/Trustees acknowledge their responsibility for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Trustees and signed on their behalf by:

Deborah North Trustee

Date: 28[th] September 2023

12

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Principal accounting policies

Status of the company

The charitable company is limited by guarantee and does not have share capital. The liability of members is limited to £1 per member. Frontier Youth Trust is a cross-border Charitable Company registered with both the Charity Commission in England and Wales and OSCR in Scotland.

Basis of preparation

The financial statements have been prepared in accordance with 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 (FRS102) (updated 1 January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

Frontier Youth Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern statement

The financial statements have been prepared on a going concern basis which assumes that the Charitable Company will continue to operate. The validity of this assumption is dependent upon the continuance of support from the Charitable Company's key grant funders and to the progress made by the Charitable Company in pursuing a viable budget including the obtaining of further grants and other funds. The Charitable Company's current business plan shows that the Charitable Company will be able to operate in the foreseeable future. Based on this understanding, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments, which would result from the basis of preparation being inappropriate.

Funds

Unrestricted funds are available to spend, at the discretion of Trustees, on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided, at their discretion, to set aside to use for a specific purpose.

Restricted funds are donations and grants subject to conditions imposed by the provider or by specific terms of the appeal under which the funds were raised. The costs of administering such funds are charged against the specific fund. The restrictive conditions are binding upon the Charitable Company.

Income

Income is recognised once the Charitable Company has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either; the company is aware that probate has been granted, the estate has been finalized and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

13

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Principal accounting policies (continued)

Donated services or facilities are recognized when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognized in these accounts.

On receipt, donated professional services and donated facilities are recognized on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognized in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.

Bank interest is shown on the basis of amounts receivable in the year.

Expenditure

Expenditure is recognized once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by type.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Costs of raising funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognized as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating an income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 33.33% reducing balance Fixtures and fittings - 10% straight line Computer equipment - 33.33% straight line

Fixed asset purchases above £250 are capitalised.

14

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Principal accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand and short term deposits repayable within a three month notice period.

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.

Pension costs

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of each year.

Financial Instruments

The company only has financial assets and 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

15

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Notes to the financial statements

1. Income from donations and legacies

come from donations and legacies
Donations
Legacies
Grants
-
Jerusalem Trust
-
Garfield Weston
-
Souter Trust
-
Goodnews Evangelical Mission
-
Childs Charitable Trust
-
Benefact Trust
Other
Total income from donations and legacies
Donations
Legacies
Grants
-
Jerusalem Trust
-
Souter Trust
-
Barnabus Trusts
Other
Total income from donations and legacies		 Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
£
£
£
62,587
-
62,587
3,131
-
3,131
-
20,000
20,000
-
10,000
10,000
-
3,000
3,000
-
5,000
5,000
-
5,000
5,000
-
16,000
16,000
8,000
-
8,000
73,718
59,000
132,718
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
£
£
£
57,971
-
57,971
24,764
-
24,764
-
20,000
20,000
-
4,000
4,000
-
2,000
2,000
2,400
-
2,400
85,135
26,000
111,135

16

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Notes to the financial statements (continued)

2. Income from charitable activities

Income from charitable activities
Training and earned programme income
Other
Total income from charitable activities		 Total
funds
2023
Total
funds
2022
£
£
448
473
-
100
448
573

All income from charitable activities is un-restricted.

3. Income from trading activities

Income from trading activities
Fundraising events
Sale of resources and books
Other income from fundraising
Total income from trading activities		 Total
funds
2023
Total
funds
2022
£
£
1,343
690
4,576
1,662
-
36
5,919
2,388

All income from trading activities was un-restricted.

4. Analysis of expenditure on raising funds

Staff costs
Total cost of raising funds		 Total
funds
2023
Total
funds
2022
£
£
2,397
2,350
2,397
2,350

17

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Notes to the financial statements (continued)

5. Analysis of expenditure on charitable activities

Staff costs
Travel, training and subsistence
Newsletter, website & resource materials
Direct project costs
Premises costs
Bookkeeping and administration fees
Bank charges
Legal & professional fees
Trustee meeting costs
Independent Examiners fee
Total 2021/22		 Direct
costs
Support
costs
Governance
costs
2023
Total
£
£
£
£
82,337
-
-
82,337
12,321
-
-
12,321
3,012
-
-
3,012
6,111
-
-
6,111
-
4,399
-
4,399
-
38,820
-
38,820
-
257
-
257
-
35
-
35
-
-
3,122
3,122
-
-
1,500
1,500
103,781
43,511
4,622
151,914

Expenditure on charitable activities includes £102,322 relating to un-restricted funds and £51,989 relating to restricted funds.

Staff costs
Travel, training and subsistence
Newsletter, website & resource materials
Direct project costs
Premises costs
Bookkeeping and administration fees
Bank charges
Legal & professional fees
Trustee meeting costs
Independent Examiners fee
Total 2021/22		 Direct
costs
Support
costs
Governance
costs
2022
Total
£
£
£
£
75,992
-
-
75,992
6,292
-
-
6,292
9,739
-
-
9,739
1,001
-
-
1,001
-
5,152
-
5,152
-
38,820
-
38,820
-
117
-
117
-
48
-
48
-
-
1,220
1,220
-
-
1,500
1,500
93,024
44,137
2,720
139,881

Expenditure on charitable activities includes £95,985 relating to un-restricted funds and £43,896 relating to restricted funds.

6. Net expenditure for the year

Net expenditure for the year is stated after charging:
Depreciation
Independent examiners fees -
Independent examination
Accountancy services		 2023
2022
£
£
-
-
1,200
1,200
300
300

18

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Notes to the financial statements (continued)

8. Analysis of staff costs, trustee remuneration and expenses

Analysis of staff costs, trustee remuneration and expenses
Salaries
National Insurance
Pension
Total
aff Numbers
Average number of staff excluding Trustees		 2023
2022
£
£
77,572
72,596
79
528
7,083
5,218
84,734
78,342
Number
Number
6
5

Staff Numbers

No employees had employee benefits in excess of £60,000 (2022: nil).

The charitable company’s trustees were not paid or received any other benefits from employment with the charity in the year. During the year four Trustees (2022: 1) received reimbursement of expenses or had expenses paid on their behalf of £1,190 (2022: £105 for travel, parking and food served at Trustee meetings.

The key management personnel of the charity comprise the trustees and the Leadership team, comprising three senior members of staff. Trustees receive no remuneration or other benefits from the charity. The remuneration of key management personnel (including pension contributions) for the year was £62,037 (2022: £58,597).

19

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Notes to the financial statements (continued)

9. Tangible fixed assets

Cost
At beginning of year
Additions
At end of year
Depreciation
At beginning and end of year
Net Book Value
At 31 March 2023
At 31 March 2022
. Debtors
Trade debtors
Prepayments and accrued income
Income receivable
. Creditors: amounts falling due within one year
Trade creditors
Accruals		 Fixtures &
fittings
£
100
-		 Computer
equipment
£
Total
£
13,120
13,220
887
887		 Computer
equipment
£
Total
£
13,120
13,220
887
887
100 14,007
14,107
100 13,120
13,220
- 887
887
- -
-
2023
2022
£
£
108
433
585
939
2,677
1,213
3,370
2,585
2023
2022
£
£
-
127
1,995
1,518
1,995
1,645

10. Debtors

11. Creditors: amounts falling due within one year

20

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Notes to the financial statements (continued)

12. Statement of Funds – current year

Restricted funds
Jerusalem Trust
Match funding for Jerusalem Trust
CHK Charities
Garfield Weston 2022/23
Benefact Trust
WF Southall Trust
Scotland Youth Work
Unrestricted funds
Designated funds
-
FYT Scotland
General fund
Total unrestricted funds
Total funds		 Balance at
beginning
of year
£
3,142
6,948
3,744
-
-
2,926
8,478		 Income

£
20,000
13,000
-
10,000
16,000
-
-		 Expenditure
Transfers
£
£
(19,812)
-
(16,618)
-
(2,327
-
(10,000)
-
-
-
(2,926)
-
(306)
-		 Balance
at end of
year
£
3,330
3,330
1,417
-
16,000
-
8,172
25,238 59,000 (51,989)
-		 32,249
9,197
49,790		 880
79,461		 -
-
(102,322)
-		 10,077
26,929
58,987 80,341 (102,322)
-		 37,006
84,225 139,341 (154,311)
-		 69,255

Jerusalem Trust & match funding

These funds were all raised for the purpose of developing a digital solution to the ongoing support and training of members. This includes an online training platform that will both serve to train members of the movement but also attract new youth workers into missional work.

CHK Charities

These funds were granted by CHK Charities Limited for the development of youth work resources.

Garfield Weston 2022/23

The funds were granted by Garfield Weston as a contribution towards the continuing development of training and resources for youth workers.

Benefact Trust

The funds were granted by the Benefact Trust as a contribution towards the continuing development of training and resources for youth workers.

WF Southall Trust

These funds were raised to enable us to employ a trainer for our Diversity Dice resource. Recruitment of this person has now been completed.

Scotland Youth Work

Grants and donations were raised during the year to provide youth work in Scotland.

21

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Notes to the financial statements (continued)

Designated funds

FYT Scotland

This fund represents funds raised in Scotland which Trustees have designated towards activities in Scotland.

Statement of Funds – prior year

Restricted funds
Jerusalem Trust
CHK Charities
Garfield Weston 2018
Garfield Weston 2020
Match funding for Jerusalem Trust
WF Southall Trust
Scotland Youth Work
Unrestricted funds
Designated funds
-
FYT Scotland
General fund
Total unrestricted funds
Total funds		 Balance at
beginning
of year
£
6,260
3,744
392
6,260
13,000
5,000
8,478		 Income

£
20,000
-
-
-
6,000
-
-		 Expenditure
Transfers
£
£
(23,118)
-
-
-
(392)
-
(6,260)
-
(12,052)
-
(2,074)
-
-
-		 Balance
at end of
year
£
3,142
3,744
-
-
6,948
2,926
8,478
43,134
26,000		 (43,896)
-		 25,238
8,317
60,903		 880
87,222		 -
-
(98,335)
-		 9,197
49,790
69,220 88,102 (98,335)
-		 58,987
112,354 114,102 (142,321)
-		 84,225

22

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Notes to the financial statements (continued)

13. Analysis of net assets between funds – current year

Tangible fixed assets
Current assets
Creditors
Funds		 Un-
restricted
Restricted
Total
£
£
£
887
-
887
38,114
32,249
70,363
(1,995)
-
(1,995)
37,006
32,249
69,225

14. Analysis of net assets between funds – prior year

Tangible fixed assets
Current assets
Creditors
Funds		 Un-
restricted
Restricted
Total
£
£
£
-
-
-
60,632
25,238
85,870
(1,645)
-
(1,645)
58,987
25,238
84,225

15. Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,083 (2022: £5,218). There were no contributions payable to the fund at the balance sheet date (2022: £nil).

16. Related party transactions

Frontier Youth Trust has worked in partnership with another charity Worth Unlimited, delivering learning and Community Days and contracted supervision. Frontier Youth Trust paid Worth Unlimited £38,820 (2022: £38,820) for bookkeeping and administrative services during the year.

In the year two Trustees made unrestricted donation, in aggregate, of £470 (2022: Two Trustees, £610).

17. Controlling Interests

The charity is controlled by the Trustees.

23

FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2023

Notes to the financial statements (continued)

18. Prior year comparative Statement of Financial Activities

Income from:
Donations and legacies
Charitable Activities
Trading Activities
Investments – bank interest
Total income
Expenditure on:
Raising funds
Charitable activities
Total Expenditure
Net expenditure in year and net movement in
funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Un-
restricted
funds
2022
Restricted
funds
2022
Total
2022
£
£
£
85,135
26,000
111,135
573
-
573
2,388
-
2,388
6
-
6
88,102
26,000
114,102
2,350
-
2,350
95,985
43,896
139,881
98,335
43,896
142,231
(10,233)
(17,896)
(28,129)
69,220
43,134
112,354
58,987
25,238
84,225

24