Company no. 03264908. Charity no. 1059328 and in Scotland SC043239
FRONTIER YOUTH TRUST is a diverse movement journeying with young people on the margins of church and society. We are a dedicated tribe of people and projects, collaborating with local communities, creating new initiatives, and challenging the status quo. Together, we're fostering change and calling others tojoin us in ministry on the margins. ANNUAL REPORT 2023-24 Putting together this annual report has allowed us to reflect on the great work Frontier Youth Trust has done over the past year. As you flip through these pages you'll notice a theme of creating and curating space for others. We have created learning spaces, from the formal taught courses to the articles in our zine. We have curated safe spaces, to listen to young people who are marginalised because of who they are and by coming alongside projects to listen to their context, their hopes and where the Spirit is moving. We have created spaces of discovery and dreaming, listening to hopes for the future of youth work and equipping young leaders. We take our cue from Jesus, the early church and the 2000 years of Christian tradition that has gone before us. Those who have gathered others to share stories of their ministry, those who have raised questions to ponder, not looking for easy answers, and those who have prayerfully listened to up the Spirit is doing so that they may join in. The movement of Frontier Youth Trust is made up of activists and supporters who do extraordinary things alongside young people on the margins. It's those people we create community for that they might call us a home. It's the innovative, long term and thoughtful practice that the movement does that we learn from and that inspires us to keep going and go further. And it's those stories we share to call more people to the movement that builds a better world for young people. This is Frontier Youth Trust
RESOURCING A MOVEMENT JOURNEYING WITH YOUNG PEOPLE This year, we continued to build a brighter future for young people by resourcing a movement that journeys with them. BEYOND CONFERENCE: Held in Birmingham, this inspiring event brought together 40 movement members who are pioneering work with children and young people. In partnership with CURBS at Urban Expression, we shared insights on arts, politics, inclusion, spirituality, and change. FYT MOVEMENT ZINE: Our termly publication explores themes that workers on the margins want to discuss. Like Noticing Jesus in context and mission, how Power and Disruption can be as positive forces, and on Finding Space, looking at the different uses of space in youth work. DIGITAL ENGAGEMENT: We shifted towards Whcjts App for movement-wide discussions, complementing our zine publications and fostering real- time interactions. MONTHLYWEBINARS: With a regular attendance of10-15 guests, these sessions covered key youth work themes such as challenging behaviour, neurodiversity, and project management. NATIONALWORKINGGROUP CONTRIBUTION: We contributed to a report and guidance on the use of homes in youth work, influencing national practice and engaging with Government and the National Youth Association. The FYT webinars are a gathering with a warm and accepting welcome, alongside questions and chat that have stretched my thinking and practice. l appreciate the sense that we're sharing our reflections together, rather than being there to learn from an expert. And that value is placed on story and everyone's experience; that the important thing is how this stuff actually works out in practice. Being there helps me feel more connected and hopeful. Hannah Dey, Thrive Leeds
EQUIPPING YOUNG LEADERS We made significant strides in supporting young leaders (cjged 14-25), enriching our publications and events with their voices and perspectives. ZINE CONTRIBUTIONS: Young people contributed articles on ministries including street youth work, diverse youth clubs, and supported housing. ANNUALCONFERENCE: Young leaders shared their experiences of inclusion in the church, bringing personal insights to our discussions. LGBTQ+ CHRISTIAN YOUNG PEOPLE: We hosted a weekend residential and a follow-up day for LGBTQ+ Christian young people and their parents, creating a pioneering space for diverse young leaders. SHINE IN SWINDON: We supported young leaders in developing the vision and values of this impactful project. WESTON-SUPER-MARE PROJECT: In collaboration with the Curiosity Society, we trained young leaders over a summer club to drive local change and developed a change- makers forum. It was Itwasa my first really important genuine experience for me. experience of It showed that there people of faith who are other Christian were really honest young people out there about their struggle who are also Queer. It with church as an showed that... we can be institution. That was life Christian and we can be changing for me To Queer and be ourselves. meet adult Queer It was good to be listened Christian people to. I don't normally feel seen testifying was really and heard. But here I did. powerful - Tash. Tally Tash and Tally. who attended our LBGTQ+ Christians weekend
TRAINING FOR PIONEER YOUTH WORK Training remained a cornerstone of our efforts to empower the movement. partner dioceses. BESPOKE TRAINING: We offered tailored training for local projects, such as vision and values development with Shine in Swindon and mission and discipleship training for the ACTS Trust in Lincoln. DOING THEOLOGY TRAINING COURSE: This course attracted 30 pioneers and community workers, focusing on theological reflection, community mapping, contextual mission, and project planning/ review. NATIONAL YOUTH MINISTRY WEEKEND CONFERENCE: Dylan led two seminars on challenging behaviour, and we had an exhibition on taking pioneering risks with young people. CHURCH MISSION SOCIETY PARTNERSHIP: We strengthened the Foundation Certificate in Pioneer Youth Ministry with a fully funded cohort of six students, enhancing the course for future expansion and establishing pathways for new students through collaborations with FYTisa usto community listen to each that gets us, and other through understands our facilitating a range heart and passion for of wonderful and reaching young people creative methods, on the margins. When we relevant to our context. approached John for some Without making that space help with training and and having someone from advice John started with 'outside' we wouldn't have listening - to us, to the team been able to see anywhere and most importantly to the near as clearly where God community. Having initially was leading us and we are met with a whole range of really grateful for FYT'S people John led a fantastic support and 'away day with our young encouragement that is people, parents, team and really helping us push into trustees. What John has new and exciting areas. done has created We couldn't spaces and recommend them opportunities for us highly enough! Simon Halls. Swindon
A SEASON OF CHANGE IN THE YEAR AHEAD This year, despite increased grant income, we faced reduced donations from members. This challenge sharpened our focus for the future. South West Activist lan Spence was made redundant in March 2024, and the hours of the Northern Activist were reduced. Movement Leader John Wheatley announced his departure in July 2024 to dedicate more time to face-to-face youth w,ork. 60TH ANNIVERSARY: FYT celebrates 60 years of following God to the margins, journeying with young people, and taking pioneering risks in pursuit of justice. RESOURCING PIONEER YOUTH WORKERS: We will continue to support them through the Beyond conference, new student cohorts, termly Zine publications, webinars, and more. EQUIPPING YOUNG LEADERS: We will focus on nurturing leadership growth within the movement and in local projects. THING: - START8 wmi EXPANDING INCLUSION WORK: We plan to enhance our Diversity Dice initiative and host a Summer festival camp for LGBTQ+ Christian young people. ALL THANKS TO YOU We are grateful for our many members and donors, and the trusts and foundations that support our work, including: Joseph Rank Charitable Trust; Benefact Trust; Souter Charitable Trust; Southall Trust; Garfield Weston Foundation and Jerusalem Trust. ,JTr.,
Index
| Index | |
|---|---|
| Page | |
| Report of the Trustees | 2-11 |
| Statement of Trustees responsibilities | 12 |
| Report of the Independent Examiner | 13 |
| Statement of financial activities (incorporating an Income & Expenditure Account) | 14 |
| Balance sheet | 15 |
| Principal Accounting Policies | 16-18 |
| Notes to the financial statements | 19-27 |
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
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 2024.
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.
The activities for the year are covered in pages 1 to 7.
8
for the year ended 31 March 2024
FRONTIER YOUTH TRUST Financial Statements
Report of the Trustees (continued)
FINANCIAL REVIEW
Income of £129,872 is reported, a decrease compared with the previous year (2023: £ 139,341). This is primarily due to grants received in the previous year.
The net expenditure for the year was £14,187 (2023: net expenditure £14,970).
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.
----- Start of picture text -----
INCOME
Legacies
10%
Donations
38%
Grants
43%
Other
9%
----- End of picture text -----
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.
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. Our supporters continue to give generously but we continue to see a year on year fall in donors. Recruiting new donors is challenging in the current economic climate and with changing giving habits. The trustees continue to monitor the situation and take action when necessary.
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
----- Start of picture text -----
EXPENDITURE Direct
Marketing Project
2% Costs
4%
Office &
Admin
30%
Staff costs
62%
Governance
2%
----- End of picture text -----
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.
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
9
FRONTIER YOUTH TRUST Financial Statements
for the year ended 31 March 2024
Report of the Trustees (continued)
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.
10
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
Report of the Trustees (continued)
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees:
Aaron Bennett Andrew Campbell (Appointed 15 June 2023) Nicola Cooper (Appointed 28 September 2023) Matthew Davis (Resigned 29 January 2024) Anna Hembury Judith Levermore (Appointed 27 September 2023) Sally Nash Deborah North (Chair) Ian Tannahill Keith White
Company Secretary: Matt Perry
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
11
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024 Statement of Trustees, responsibilities The Trustees (who are also Directors of Frontier Youth Trust forthe purposes of company lawl are responsible for preparing the Trustees, report and the financial Statements in attordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pratticel. Company law requires theTrustees to prepare financial statements for each financial year. Under company12w the Trustees must not approve the financial statements unless they are satirfied 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 companyfor that period. In preparing these financial statements, the Trustees are required to. select suitable accounting policies and then apply them consistentty- obsetve the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 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 complywith the Companies Act 2006, the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotlandl 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: 25th September 2024 12
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024 Independent Examinerfs Report to the Trustees of Frontier Youth Trust ('the Compan} I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024 which are set out on pages 14 to 27. Responsibilitles and basis of report As the trustees of the Company land 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 A¢t'l, the Charities Accounts (Scotlandl Regulations 2006 las amended) and the Companies Att 20061'the 2006 ACY). 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. Havin8 satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 26 Act and are eligible for independent examination. I report in respect of my examination of your Companvs accounts as carried out under section 44llllcl of the 2IxJ5 Act and section 145 of the Charities Act 2011 ('the 2011 ACY). In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2(Y)6 (as amended) and the Directions given by the Charity Commission under section 145{5){b} of the 2011 ACL Independent examine¢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(21 of the Charities Accounts 15cotland) Regulations 2006 las amended). I can confirm that l am qualified to undertake the examination because l 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 confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= 11 a¢countin8 records were not kept as required by section 386 of the 2006 Act and Regulation 4 of the 2CM)6 Regulation5; or 2} the accounts do not accord with those records with the accounting requirements of Regulation 8 of the Charitie5 Accounts {Scotlandl Regulations 2006; or 31 the accounts do not complywith the accounting requirements of section 396 of the 2006Act other than any requirement that the accounts give a 'true and fairviev/ which is not a matter considered as part of an independent examination; or 41 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recomrnended Practice for accounting and reporting by charitles applicable to charitie5 preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021. 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 I Saracen Close. Ettington. CV37 7SZ Date.. ZS. 7. 2J 13
for the year ended 31 March 2024
FRONTIER YOUTH TRUST Financial Statements
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 2024 Restricted funds 2024 Total 2024 Total 2023 £ £ £ £ 62,299 56,633 118,932 132,718 5,924 - 5,924 448 4,188 - 4,188 5,919 828 - 828 256 |
|---|---|
| 73,239 56,633 129,872 139,341 |
|
| 2,687 - 2,687 2,397 77,454 63,918 141,372 151,914 |
|
| 80,141 63,918 144,059 154,311 |
|
| (6,902) (7,285) (14,187) (14,970) 37,006 32,249 69,255 84,225 |
|
| 30,104 24,964 55,068 69,255 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
14
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024 Balance sheet Company registered number 03264908 Notes 2024 2023 Flxed Assets Tangible assets 591 887 Current A55ets Debtors Cash at bank and in hand io 3,672 53,832 57,504 3,370 66,993 70,363 Current Liabilities Creditors.. amounts falling due within one year li (3,027) {1.9951 Net current assets 54,477 68,368 Net assets 55,068 69.255 The funds of the Charfty: Restricted Funds Unrestricted Funds 12 12 24.964 30.104 32,249 37,006 Total charlty funds 55,068 69,255 The accompanying accounting policies and notes form part of these financial statements. For the year ended 31 March 2024 the company vlas entitled to exemption from audit under sertion 477 of the Companies Act 2006 relating to small companie5. Responsibilities of directorstrrLtstees= lal The members have not required the charitable company to obtain an audit of its financial statement% 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 statement5 have been examined by an independent examiner whose report appears on page 13. Ibl The directorstrrustees 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 applicabSe to companies subject to the small companies, regime. Approved by the Trustees and signed on their behalf by: Deborah North Trustee Date.. 25th September 2024 15
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
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.
16
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
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.
17
FRONTIER YOUTH TRUST Financial Statements
for the year ended 31 March 2024
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.
18
for the year ended 31 March 2024
FRONTIER YOUTH TRUST Financial Statements
Notes to the financial statements
1. Income from donations and legacies
| come from donations and legacies | |
|---|---|
| Donations Legacies Grants - Garfield Weston - Souter Trust - WF Southall Trust - Joseph Rank Trust - Benefact Trust Total income 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 |
Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 £ £ £ 48,886 1,000 49,886 13,413 - 13,413 - 10,000 10,000 - 3,000 3,000 - 5,000 5,000 - 14,300 14,300 - 23,333 23,333 |
| 62,299 56,633 118,932 |
|
| 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 |
19
for the year ended 31 March 2024
FRONTIER YOUTH TRUST Financial Statements
Notes to the financial statements (continued)
2. Income from charitable activities
| 2. | Income from charitable activities | ||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Training and earned programme income | 5,924 | 448 | |
| Other | - | - | |
| Total income from charitable activities | 5,924 | 448 | |
| All income from charitable activities is un-restricted. | |||
| 3. | Income from trading activities |
| Income from trading activities | ||
|---|---|---|
| Total | Total | |
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Fundraising events | 1,419 | 1,343 |
| Sale of resources and books | 2,767 | 4,576 |
| Other income from fundraising | 2 | - |
| Total income from trading activities | 4,188 | 5,919 |
| All income from trading activities was un-restricted. |
| 4. Analysis of expenditure on raising funds Staff costs Total cost of raising funds |
Total funds 2024 Total funds 2023 £ £ 2,687 2,397 |
|---|---|
| 2,687 2,397 |
20
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
Notes to the financial statements (continued)
5. Analysis of expenditure on charitable activities
| Direct | Support | Governance | 2024 | |
|---|---|---|---|---|
| costs | costs | costs | Total | |
| £ | £ | £ | £ | |
| Staff costs | 87,688 | - | - | 87,688 |
| Travel, training and subsistence | 9,731 | - | - | 9,731 |
| Newsletter, website & resource materials | 2,478 | - | - | 2,478 |
| Direct project costs | 5,027 | - | - | 5,027 |
| Office costs | - | 6,936 | - | 6,936 |
| Depreciation | - | 296 | - | 296 |
| Bookkeeping and administration fees | - | 25,785 | - | 25,785 |
| Bank charges | - | 235 | - | 235 |
| Legal & professional fees | - | 26 | - | 26 |
| Trustee meeting costs | - | - | 1,670 | 1,670 |
| Independent Examiners fee | - | - | 1,500 | 1,500 |
| Total 2023/24 | 104,924 | 33,278 | 3,170 | 141,372 |
| Expenditure on charitable activities includes £80,140 relating to | un-restricted | funds and £63,918 relating to | ||
| restricted funds. | ||||
| Direct | Support | Governance | 2023 | |
| costs | costs | costs | Total | |
| £ | £ | £ | £ | |
| Staff costs | 82,337 | - | - | 82,337 |
| Travel, training and subsistence | 12,321 | - | - | 12,321 |
| Newsletter, website & resource materials | 3,012 | - | - | 3,012 |
| Direct project costs | 6,111 | - | - | 6,111 |
| Premises costs | - | 4,399 | - | 4,399 |
| Bookkeeping and administration fees | - | 38,820 | - | 38,820 |
| Bank charges | - | 257 | - | 257 |
| Legal & professional fees | - | 35 | - | 35 |
| Trustee meeting costs | - | - | 3,122 | 3,122 |
| Independent Examiners fee | - | - | 1,500 | 1,500 |
| Total 2022/23 | 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.
6. Net expenditure for the year
| t expenditure for the year | ||
|---|---|---|
| 2024 | 2023 | |
| Net expenditure for the year is stated after charging: | £ | £ |
| Depreciation | 296 | - |
| Independent examiners fees - | ||
| Independent examination | 1,200 | 1,200 |
| Accountancy services | 300 | 300 |
21
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
Notes to the financial statements (continued)
8. Analysis of staff costs, trustee remuneration and expenses
| 8. Analysis of staff costs, trustee remuneration and expenses | |
|---|---|
| Salaries National Insurance Pension Total Staff Numbers Average number of staff excluding Trustees |
2024 2023 £ £ 82,721 77,572 217 79 7,437 7,083 90,375 84,734 |
| Number Number 6 6 |
No employees had employee benefits in excess of £60,000 (2023: 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 six Trustees (2023: 4) received reimbursement of expenses or had expenses paid on their behalf of £864 (2023: £1,190) 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 £69,487 (2023: £62,037).
22
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
Notes to the financial statements (continued)
9. Tangible fixed assets
| Cost At beginning of year Additions At end of year Depreciation At beginning of year Charge for year At end of year Net Book Value At 31 March 2024 At 31 March 2023 10. Debtors Trade debtors Prepayments and accrued income Income receivable 11. Creditors: amounts falling due within one year Trade creditors Accruals |
Fixtures & fittings £ Computer equipment £ Total £ 100 14,007 14,107 - - - |
Fixtures & fittings £ Computer equipment £ Total £ 100 14,007 14,107 - - - |
|---|---|---|
| 100 | 14,007 14,107 |
|
| 100 - |
13,120 13,220 296 296 |
|
| 100 | 13,416 13,516 |
|
| - | 591 591 |
|
| - | 887 887 |
|
| 2024 2023 £ £ 1,531 108 438 585 1,703 2,677 |
||
| 3,672 3,370 |
||
| 2024 2023 £ £ 1,098 - 1,929 1,995 |
||
| 3,027 1,995 |
23
for the year ended 31 March 2024
FRONTIER YOUTH TRUST Financial Statements
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 Benefact Trust WF Southall Trust Joseph Rank Trust Souter Trust St Pete’s Saltley Trust Scotland Youth Work Unrestricted funds Designated funds - FYT Scotland General fund Total unrestricted funds Total funds |
Balance at beginning of year Income Expenditure Transfers Balance at end of year £ £ £ £ £ 3,330 - (3,330) - - 3,330 - (3,330) - - 1,417 - (1,417) - - - 10,000 (10,000) - - 16,000 23,333 (25,722) - 13,611 - 5,000 (4,011) - 989 - 14,300 (13,108) - 1,192 - 3,000 (3,000) - - - 1,000 - - 1,000 8,172 - - - 8,172 |
|---|---|
| 32,249 56,633 (63,918) - 24,964 |
|
| 10,077 - - (10,077) - 26,929 73,239 (80,141) 10,077 30,104 |
|
| 37,006 73,239 (80,141) - 30,104 |
|
| 69,255 129,872 (144,059) - 55,068 |
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 & 23/24
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 as part of a three year grant 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.
Joseph Rank Trust
The funds were granted as part of a three year grant towards the continuing development of training and resources for youth workers.
24
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
Notes to the financial statements (continued)
Souter Trust
The funds were granted towards the continuing development of training and resources for youth workers.
St Peter’s Saltley Trust
Towards the cost of running the Prophetic Dreamers – a weekend residential for LGBTQ+ young people
Scotland Youth Work
Grants and donations were raised during the year to provide youth work in Scotland.
Designated funds
FYT Scotland
This fund represents funds raised in Scotland which Trustees have previously designated towards activities in Scotland. Given the changing nature of our work, these funds were undesignated by the Trustees and added to our General Funds.
Statement of Funds – prior 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 Income Expenditure Transfers Balance at end of year £ £ £ £ £ 3,142 20,000 (19,812) - 3,330 6,948 13,000 (16,618) - 3,330 3,744 - (2,327 - 1,417 - 10,000 (10,000) - - - 16,000 - - 16,000 2,926 - (2,926) - - 8,478 - (306) - 8,172 |
|---|---|
| 25,238 59,000 (51,989) - 32,249 |
|
| 9,197 880 - - 10,077 49,790 79,461 (102,322) - 26,929 |
|
| 58,987 80,341 (102,322) - 37,006 |
|
| 84,225 139,341 (154,311) - 69,255 |
25
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
Notes to the financial statements (continued)
13. Analysis of net assets between funds – current year
| 2023/24 Tangible fixed assets Current assets Creditors Funds |
Un- restricted Restricted Total £ £ £ 591 - 591 32,540 24,964 57,504 (3,027) - (3,027) |
|---|---|
| 30,104 24,964 55,068 |
14. Analysis of net assets between funds – prior year
| 2022/23 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 |
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 £7,437 (2023: £7,083). There were no contributions payable to the fund at the balance sheet date (2023: £nil).
16. Related party transactions
In the year six Trustees made unrestricted donations, in aggregate, of £545 (2023: Two Trustees, £470).
17. Controlling Interests
The charity is controlled by the Trustees.
26
FRONTIER YOUTH TRUST Financial Statements for the year ended 31 March 2024
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)/income in year and net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Un- restricted funds 2023 Restricted funds 2023 Total 2023 £ £ £ 73,718 59,000 132,718 448 - 448 5,919 - 5,919 256 - 256 |
|---|---|
| 80,341 59,000 139,341 |
|
| 2,397 - 2,397 99,925 51,989 151,914 |
|
| 102,322 51,989 154,311 |
|
| (21,981) 7,011 (14,970) 58,987 25,238 84,225 |
|
| 37,006 32,249 69,255 |
27