REGISTERED COMPANY NUMBER: 03726889 (England and Wales) REGISTERED CHARITYNUMBER: 1075626 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 Au ust 2024 for Christian Youth Ministries Simply Accounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ
Christian Youth Ministries Contents of the Financial Statements forthe Year Ended 31 Au ust2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet 9 to 10 Notes to the Financial Statements 11 to 16 Detailed Statement of Financial Activities 17 to 18
Christian Youth Ministries Re ort of the Trustees for the Year Ended 31 Au ust2024 The trustees who are also directors of the charty for the purposes of the Companies Act 2006. present their report with the finanaal statements of the charity for the year ended 31 August 2024. 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 CYM is a small independent Charity with a great reputation for delivering evangelical Christian youth work in Ipswich and the surrounding areas. Our vision statement has two aims: Investing in Generations - Inspired by Jesus and our Mission is to bling wholeness through Safe Spaces. We did this within our t0 main activit'es, our camp and day activities based at Vauxhall Fann, Great Wenham. and within our nebNork of Chaplains across schools in Ipswich. Significant activities Residential Minist & Pro ramme During 2023-24, we have continued to expand our activities at the Vauxhall Christian Trust site. This growth includes increased residential bookings and the development of day provisions to support a home- schooled group. We aim to further develop these day opportunities in the coming year to extend activities beyond the core residential season. To support this Inased activity. we have expanded our staff team. which. lIe adding cost pressures, is essential for enhancing our mission opportunits'es. We are grateful for our strong partnership with Vauxhall Christian Trust. vthich plays a crucial role in fulfilling our mission. Cha lainc This year marf(s the eighth year of our Chaplaincy in schools. CYM currently has Chaplains available to 15 school sites across Suffolk, and our CEO also serves as a Chaplain at the local Children's Hospice. We have partnered with local churches to develop a new Chaplaincy role at East Bergholt Academy this year. In the coming year. we are eager to invest in and expand our Chaplaincy roles. Most Chaplains are now funded by schools and the service is provided under a service level agreement. Su ortin the Local Church and Mission Residential Weekends Residential Weekends have always been an effective plafform for discipleship and building community among young people across Ipswich. This year, we hosted severa5 weekends at the Vauxhall site in partnership with Bury Christian Youth and Kintsugi Hope. Dwell Dwell is our programme designed to support those in children's and youth ministry in local churches. It is our way of saying thank you, acknowledging their efforts, and ensuring they know they are not alone. We hosted a stripped-back weekend retreat and Other events throughout the year. The Gatherin In collaboration with local churches, we facilitate a Christian worship event for young people (school years 7-13) across Ipswich and beyond. This has had regular attendance of approximately 100 local young people, as well as their youth workers. Church Links Our connections with local churches remain crucial to CYM. Opportunities to participate in church seplices have increased significantly after the post-COVlD-19 period of online meetings. It is always a pleasure to Page 3
Christian Youth Ministries Re ort of the Trustees for the Year Ended 31 Au ust2024 share CYM'S work and engage with supporters. CYM'S publicity and communications continue to be well- received by our supporters. In addition to traditional prayer letters and magazines. digltal media plays an important role in raising the profile of our work. CYM is a 'people organisation, and could not exist without the dedication, skills, and enthusiasm of our staff, students. and large bank of volunteers who willingly give their time to help CYM achieve its objecb'ves. The Trustees are grateful for all the work and time given by these individuals, often at great personal cost. Trainin CYM has a strong history of investing in students and individuals on gap years. In the coming year, we will have a student involved in Sports Ministry vnrking with us and intend to relaunch a new look Gap Year opportunity. Conclusion The Trustees are excited about the continued growth and evolution of CYM'S work. Our posrtive working relationship with Vauxhall Christian Trust has opened many exciting opportunities. While we are budgeting for an operating loss in the initial years of establishing our offer to schools. we remain confident that we will eventually secure a core market share of regular schools, and day activth'es enabling this work to grow. We are also keen to expand our Chaplaincy network with additional posts and involvement in more SCIOIs. Investiro in this area of work remains a priority. We are grateful for the commitment of our Trustee Team, the hard work of our staff and volunteers. and the generosity of local churches and individual supporters. The continued support of all our partners is vital as we continue 'Shining the Light, by maintaining a posrtive and passionate Christian presen in the lives of children and young people in the Ipswich area. Page 4
Christian Youth Ministries Re ort of the Trustees forthe Year Ended 31 Au ust 2024 FINANCIAL REVIEW Reserves pollcy At 31 st August 2024, CYM'S unrestricted funds amounted to £257,613 (2023: £308.447). The Trustees aim to build the working capital reserves up to a level representing about six months of the financial commitments of the organisation. CYM principally hold reserves to: Protect the continuity of CYM'S work against uncertain future income streams. Provide the capital needed to finance investment in operakn'ons. Provide funds to repla assets. Cover specific liabilities and identifiable risks. Respond to unexpected opportunities that can further our mission. Meet contractual obligations. The trustees have set designated funds at £130.000. this figure covers 1 .2 unfunded staff posts funded for 2 years. plus six months of the financial commitments of the organisation. Cha lainc - Chant role shortfall funded for 2 Years to Au 26 Vauxhall Pr ramme 2 aid workerfunded for 2 ears to Au 26 6 Months staff salaries (not including the roles above or funded cha lain staff covered b desi nated reserves Fixed Asset Value £10,000 £60.000 £60.000 nd £37.604 As of 31 August 2024. the level of Unrestricted Reserves (defined as total general unrestricted funds (£257.613). less tangible assets (£37,604) and excluding designated funds (£130,000)) stands at £90,009. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemance and Finance The Charity is govemed by its deed of trust and constitutes a Limited Company under the Companies Act 2006. The Trustees prioritise robu poliaes and good practices. particularly in Child Protection and Health and Safety. Regular training sessions are held to ensu staff and volunteers a aware of and follow best practices. During the year, poliaes have been updated and approved by the Trustees. Recruitment and Appointment of New Trnstees The appoinknent of Trustees rests with the Trustees as a body. They seek to find individuals to join as Trustees when the need arises and endeavour to nominate persons with appropriate skills who also uphold the Christian faith. which is central to the Charity's objectives and purpose. Prospective candidates are invited to attend Trustees Meetings to gain an understanding of their role as a Trustee. the objectives and activities of the Charity. and to allow established Trustees to assess the candidate. Page 5
Christian Youth Ministries Re ort of the Trustees for the Year Ended 31 Au ust 2024 Organisational Stnjctu The Trustees administer the Charity and meet every three months to review its operation. financial position. and future developments to ensure the Charity's objectives are being fulfilled. Risk Management The Trustees have reviewed and updated the Risk Register, covering operational. financial, and environmental risks. Our risk management strategy involves reviewing and assessing the risks the charity may face and establishing procedures to mitigate these risks and minimize their impact. The Trustees express their gratitude to supporters and volunteers for their contributions to CYM. work. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03726889 (England and Wales) Registered Charity number 1075626 Registered office Vauxhall Christian Trust Campsite Great Wenham Essex C07 6QQ Trustees G Abbott (Chair) Mrs M Stone M Levett T Clee C Ginn E Abemethy- appointed 1811124 C Knight- appointed 1811124 Independent Examiner S D Sturman FCCA SimplyAccounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ Approved by order of the board of trustees on ..... by: and signed on ils behalf G Abbott- Trustee Page 6
Digitally signed by Simon Sturman Digitally signed by Simon Sturman DN: cn=Simon Sturman, o=Simply Accounts and DN: cn=Simon Sturman, o=Simply Accounts and Tax Tax Ltd, ou, Ltd, ou, email=simon@simplyaccountsandtax.co.uk, c=GB email=simon@simplyaccountsandtax.co.uk, c=GB Date: 2025.04.11 13:57:54 +01'00' Date: 2025.04.11 13:57:54 +01'00'
Christian Youth Ministries Statement of Financial Activities for the Year Ended 31 Au ust 2024 Year Ended 31.8.24 31.8.23 Total Total funds funds Unrestricted Restricted fund fund Notes INCOMEAND ENDOWMENTS FROM Donations and legacies 222.722 222,722 222.236 Charitable activities general other trading activities Investment income 69,494 219 69.494 219 62,290 475 Total 292.435 292,435 285.001 EXPENDITURE ON Raising funds 1.110 1,110 1,080 Charitable activities general 342,158 342.158 307,340 Total 343,268 343,268 308,420 Net gains on investments NET INCOMEI(EXPENDITURE) (50.833) (50,833) (23,419) TRANSFER OF FUNDS 3,891 (3,891) RECONCILIATION OF FUNDS Total funds brought ford 304,555 3.891 308,446 331.865 TOTAL FUNDS CARRIED FORWARD 257,613 257.613 308.446 The notes form part of these financial statements Page 8
Christian Youth Ministries Balance Sheet 31Au ust2024 31.8.24 Total ftjnds 31.8.23 Total funds Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible assets 34,875 34.875 37,604 CURRENT ASSETS Debtors stock Cash at bank and in hand 70.877 375 255.594 70.877 375 255,594 80,037 236.477 361.721 361,721 316,514 CREDITORS Amounts falling due within one year 10 (104,108) (104.108) (45.671 > NET CURRENT ASSETS 257,613 257.613 270,843 TOTALASSETS LESS CURRENT LIABILITIES 253.722 257,613 308.447 NET ASSETS 253,722 257,613 308.447 FUNDS Unrestricted funds Restricted funds 11 257.613 304.556 3.891 TOTAL FUNDS 257,613 308.447 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilrties for (a) ensuring that the charrtable company keeps accounts'ng records that comply with Sections 386 and 387 of the CompaniesAct 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. The notes fomi part of these financial statements Page 9 continued...
Christj'an Youth Ministries Balance Sheet - continued 31Au ust2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subjectto the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on . and We signed on its behalf by: G Abbott- Trustee The notes fomi part of these financial statements Page 10
Christian Youth Ministries Notes to the Financial Statements forthe Year Ended 31 Au ust2024 ACCOUNTING POUCIES Basis of preparing the financlal statements The financial statements of the charitable company, which is a public benefft 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) (effeth've 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 ststements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities On the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture 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 classrfied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Tangible fixed assets are initially measured at cost and subsequenly measured at cost or valuation, net of depreciation and any impainnenl losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Long leasehold - 1 Ooh Straight Line Equipment - 20% straight Line The gain or loss arising on the disposal of an asset is detennined as the difference bebNeen the sale proceeds and the carying value of the asset, and is recognised in net incomel(expenditure) for the year. Taxation The charity is exempt from corporation tax on its charrtable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Page11 continued...
Christian Youth Ministries Notes to the Financral Statements - continued forthe Year Ended 31 Au ust 2024 ACCOUNTING POLICIES- continued Fund accountlng 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 pa'Cular restricted purposes. Further explanation of the nature and purpose of each fund is induded in the notes to the financial statements. Pension costs and other post•retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable companys pension scheme are charged to the Ststement of Financial Activities in the period to which they relate. OTHER TRADINGACTIVITIES 31.8.24 31.8.23 Other income Sales- charitsble activities 3.047 66.447 16.884 45.406 69.494 62,290 INVESTMENT INCOME 31.8.24 31.8.23 Interest receivable 219 475 Page 12 continued...
Christian Youth Ministries Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2024 RAISING FUNDS Ralslng donatlons and legacles 31.8.24 31.8.23 Support costs 1,110 1,080 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting}: 31.8.24 31.8.23 Depreciation - owned assets 8.423 7,475 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefrts for the year ended 31 August 2024 nor for the period ended 31 August 2023. Trustees, expenses The were no trustees, expenses paid ft)r the year ended 31 August 2024 nor for the period ended 31 August 2023. STAFF COSTS 31.8.24 31.8.23 Wages and salaries other pension costs 245.901 21.211 216,143 16,860 267.112 233,003 Page 13 continued...
Christian Youth Ministries Notes to the Financial Ststements - continued forthe Year Ended 31 Au ust2024 STAFF COSTS- continued The average monthly numberof employees during the yearwas as follows: 31.8.24 11 31.8.23 11 Employees No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Improvements to propety Plantand machinery Computers Totals COST At 1 September2023 Additions 21.588 26.576 3,927 49.563 5.684 1,768 At 31 August 2024 21,588 30,503 1,768 55.247 DEPRECIATION At 1 September 2023 Charge for year 2,160 2,160 8,400 6.101 11,959 8,423 163 At 31 August 2024 4.320 14,501 163 20.372 NET BOOKVALUE At 31 August 2024 17.268 16.002 1,605 34.875 At 31 August2023 19,428 18.176 37,604 DEBTORS: AMOUNTS FALLINGDUEWITHIN ONEYEAR 31.8.24 31.8.23 Trade debtors Prepayments 560 70.317 1.622 78.415 70,877 80.037 Page 14 continued...
Christian Youth Ministries Notes to the Financial Statements - continued forthe Year Ended 31 Au ust 2024 10. CREDITORS: AMOUNTSFALLING DUE WITHIN ONEYEAR 31.8.24 31.8.23 Trade creditors Social securty and othertaxes Amounts received in advance Accruals and defeffed income 323 4,307 98,691 1,110 44.267 1.080 104.108 45,671 11. MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestricted funds General fund Chaplaincy fund Vauxhall programme fund staff salaries fund 304.555 (176,942} 10,000 60.000 60,000 127.613 10.000 60.000 60,000 Restricted funds Restricted 3.891 (3,891) TOTAL FUNDS 308,446 (50.833) 257,613 Net movement in funds. included in the above are as folk)ws: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 292.435 (343.268) (50.833) TOTAL FUNDS 282.435 (343,268) (50.833) Page 15 continued...
Christian Youth Ministries Notes to the Financial Statements - continued for the Year Ended 31 Au ust2024 11. MOVEMENT IN FUNDS- continued Comparatlves for movement in funds Net movement in funds At 31.8.23 At 1.4.22 Unrestricted funds General fund 328.528 (23.972) 304.556 Restricted funds Restricted 3,891 3,891 TOTALFUNDS 332.419 (23,972) 308.447 Comparative net movement in funds, included in the above are as follows: Incoming ReSoUrS Gains and Movement resources expended losses in funds Unrestricted funds General fund 285.001 (308.420) (23.419) Restricted funds Restricted TOTALFUNDS 285,001 (308.420) {23.419) 12. RELATED PARTYDISCLOSURES There were no related paty transactions for the year ended 31 August 2024. 13. RESTRICTED RESERVE The restricted reserves relates to monies donation specifically to be spent on the New ResIdeIal Programme and the School Chaplaincy Project. Page 16
Christian Youth Ministries Detailed Statement of Financial Activities for the Year Ended 31 Au ust 2024 31.8.24 31.8.23 INCOMEAND ENDOWMENTS Donations and legacies Donations Gift aid 209.703 13,019 210.932 11.304 222,722 222.236 Other trading activities Other income Sales- charitable activities 3.047 66,447 16,884 45,406 69,447 62,290 Investment Income Interest receivable 219 475 Total incoming resources 292,435 285.001 EXPENDITURE Charitable activities Wages Pensions Telephone Postage and stationery Publications and materials CYM centre costs Other event costs Carried foDNard 245,901 21,211 720 5.893 7.404 12,983 25.702 319,814 216,143 16.860 20 1,146 5,320 6.703 34,321 280.513 This page does not fomi part of the statutory financial statements Page 17
Christs'an Youth Ministries Detailed Statement of Finanaal Activities for the Year Ended 31 Au ust2024 31.8.24 31.8.23 Charitable activities Brought forward staff expenses Training and conferences Sundrycosts Relocation costs 319,814 5,037 3,854 2,159 280,513 5,848 5,080 1,166 6.117 Depreciation of tangible fixed assets 8.423 8,028 339.287 306,752 Support costs Management Independent examination Insurance 1,110 2,851 1.080 1.141 3,961 2,221 Finance Bank charges 20 Total resources expended 343,268 308,973 Net (expenditureylncome before gains and losses (50,833) {23,972) Realised recognised gains and losses Realised gainsl(losses) on fixed asset invesknents Net (expenditureyincome (50,833) (23,972) This page dS not fonn part of the statutory financial statements Page 18