ISLE OF WIGHT YOUTH FOR CHRIST
Registered Charity No 1078660
ANNUAL REPORT AND ACCOUNTS
for the year ended 31st December 2024
Trustees Report 1 Independent Examiners Report 2 Statement of Financial Activities 3 - 4 Balance Sheet 5 Notes to the Accounts 6 - 8
ISLE OF WIGHT YOUTH FOR CHRIST
Trustees Report
For the Year Ended 31 December 2024
Isle of Wight Youth for Christ is a registered charity, No. 1078660. The registered address is: Union Street, Newport, Isle of Wight. The trustees of the charity during the year to 31st December 2024 were as follows:
Mrs Jane Griffiths Mr Steve Crago Mr Keith Peters retired 10.09.2025 Mrs Christine Kane Mr Andrew Hughes Mr Hugh Wells Mr Benjamin Britton
Objects
To promote the Christian faith and to proclaim the Gospel of the Lord Jesus Christ throughout the world and in particular (but without prejudice to the generality of the foregoing) in the Isle of Wight and its environs.
To promote and encourage the Christian evangelisation of young people throughout the world and in particular (but without prejudice to the generality of the foregoing) in the Isle of Wight and its environs.
To promote and encourage positive Christian living.
To relieve poverty and sickness thereby demonstrating the Gospel of Jesus Christ.
Review of the Year
The charity operated in accordance with its objects and continues to increase its links with the young people of the Isle of Wight.
During the year the charity made a deficit of £13,100 compared to a deficit of £17,237 in 2023. This is due to planned overspend in order to subsidise young people to attend trips where families have been stretched in the aftermath of the pandemic and has come from the general funds.
Overall expenditure has increased to £140,081 (£132,689-2023) while income has increased to £126,981 (£115,452 – 2023)
In 2024 the funds of the charity were £58,768. The Trustees consider the state of the charity's affairs to be satisfactory.
Income and Expenditure
The income received by the charity was made up from gifts given by churches and other charitable bodies along with gifts from private individuals. These gifts were given by way of gift aid and general giving. The total income received, comprising restricted and general funds showed an increase compared to 2023. Expenditure, as expected, was at a higher level than that of 2023.
Steveb Crago- Trustee Date 15th October 2025 For and on behalf of the Trustees
ISLE OF WIGHT YOUTH FOR CHRIST
Independent examiner's Report to the Trustees of Isle of Wight Youth for Christ
I report on the accounts of the charity for the year ended 31st December 2024 which are set out on pages 3 to 7
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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(a) examine the accounts under section 145 of the Act
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(b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and
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(c) to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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(a) to keep accounting records in accordance with section 130 of the 2011 Act, and
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(b) to prepare accounts which accords with the accounting records and comply with the accounting requirements of the 2011 Act, and
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Rob Holgate Date 15th October 2025
- 1 Ashleigh Cottages Niton IOW
Page 2
ISLE OF WIGHT YOUTH FOR CHRIST
INCOME AND EXPENDITURE ACCOUNT
for the year ended 31st December 2024
| INCOMING RESOURCES Other gifts received Weekends Away and Other YFC Events Area Projects Tax reclaimable 6 Interest received |
46,033 1,214 47,247 Restricted fund |
General fund Total 62,030 62,030 9,509 9,509 46,033 8,164 9,378 30 30 79,734 126,981 2024 |
2023 Total 65,677 7,825 34,515 7,381 54 115,452 |
|---|---|---|---|
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INCOME AND EXPENDITURE ACCOUNT (continued)
for the year ended 31st December 2024
| RESOURCES EXPENDED Salaries and wages, employees paid from general funds 7 Thrive Printing, postage and stationery DTI Travelling expenses Telephone Premises costs Staff conference expenses: Retreats/general meetings Trainee/year out costs Insurance Repairs and renewals Resource material Copyright licence Sundries Bank charges Gifts and donations Props, art and décor Supplies Rock Solid Weekends & Other Events Newport Youth worker Project (including salaries) ) Ryde Youth worker Project (including salaries) ) 7 West Wight Youth worker Project (including salaries) ) Depreciation NET INCOME OR (EXPENDITURE) Surplus or (deficit) for the year ended 31st December 2024 |
Restricted fund | General fund Total 61,891 61,891 507 507 878 878 13,310 13,310 3,529 3,529 760 760 389 389 1,445 1,445 0 963 963 811 811 494 494 517 517 224 224 31 31 3,229 3,229 272 272 183 183 7,778 7,778 14,153 12,936 15,603 175 175 97,388 140,081 (17,654) (13,100) 2024 |
2023 Total 61,394 3,350 618 12,064 4,363 771 372 929 87 695 180 679 550 0 20 3,703 301 1,481 11,319 0 14,221 15,353 240 132,689 (17,237) |
|---|---|---|---|
| 14,153 12,936 15,603 42,693 4,554 |
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ISLE OF WIGHT YOUTH FOR CHRIST
BALANCE SHEET
as at 31st December 2024
| FIXED ASSETS Tangible fixed assets CURRENT ASSETS Debtors and prepayments Cash at bank and in hand CURRENT LIABILITIES Creditors and accruals NET CURRENT ASSETS NET ASSETS at 31st December 2024 THE FUNDS OF THE CHARITY Funds held at 31st December 2024 |
Notes 2 4 3 5 8 |
9,378 48,913 58,291 0 2 |
477 58,291 58,768 58,768 024 |
2023 652 7,381 63,835 71,216 0 71,216 71,868 71,868 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on _______ and are signed on their behalf by 10 September 2025
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ISLE OF WIGHT YOUTH FOR CHRIST
NOTES TO THE ACCOUNTS
for the year ended 31st December 2024
1 ACCOUNTING POLICIES
The financial statements are prepared under the historical cost convention (as modified by the revaluation of certain assets) and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued in March 2005.
Income
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Cashflow
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Fixed Assets
Fixed assets are recorded at cost.
Assets gifted to the Youth for Christ are valued at time of receipt and treated as donations. There have been no material donated assets in the last year. Depreciation is provided at 25% per annum on cost
Taxation
As a registered charity the trustees consider Youth for Christ to be exempt from taxation on its income. The charity carries out no trading activities.
Fund Accounting
Guidance by the Charity Commissioners requires a separation in the accounts between general funds and restricted funds. The restricted funds shown in these financial statements relate to the area projects.
2 TANGIBLE FIXED ASSETS
Cost
| At 1st January 2024 Additions/disposals during year At 31st December 2024 Depreciation At 1st January 2024 Charged during year At 31st December 2024 Net Book Value At 31st December 2024 At 31st December 2023 |
12,084 12,084 11,432 175 11,607 477 652 |
|---|---|
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ISLE OF WIGHT YOUTH FOR CHRIST
NOTES TO THE ACCOUNTS (continued) for the year ended 31st December 2024
3 BANK AND CASH
| 2024 Current accounts 47,967 Catalyst account 26 Tithe account 920 48,913 4 DEBTORS 2024 Tax aid recoverable 9,378 West Wight Youth project 0 9,378 5 CREDITORS AND ACCRUALS 2024 DTI 0 0 6 GIFT AID 2024 Gift aid on general donations 6,057 Gift aid on designated donations - Newport Youthworker 1,955 Gift aid on designated donations - Ryde Youthworker 153 Gift aid on designated donations - West Wight Youthworker 1,214 9,378 7 EMPLOYEES 2024 Employees remuneration including National Insurance YFC employees paid from general funds 61,891 YFC Employees paid from designated funds Newport Youth worker 14,153 Ryde Youth worker 12,936 West Wight Youth worker 15,603 104,583 Average number of employees engaged during the year 6 |
2023 57,247 26 6,562 63,835 2023 7,381 0 7,381 2023 0 0 2023 5,657 730 0 994 7,381 2023 61,394 0 14,221 15,353 90,968 6 |
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NOTES TO THE ACCOUNTS (continued)
for the year ended 31st December 2024
8 FUNDS
| At 1st January 2024 Surplus or (deficit) for the year Transfer At 31st December 2024 |
5,177 4,554 9,731 Restricted fund |
General fund Total 66,691 71,868 (17,654) (13,100) 49,037 58,768 |
|---|---|---|
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