## 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:
- (a) examine the accounts under section 145 of the Act
- (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
- (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:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- (a) to keep accounting records in accordance with section 130 of the 2011 Act, and
- (b) to prepare accounts which accords with the accounting records and comply with the accounting requirements of the 2011 Act, and
- (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|
|---|---|---|---|
_Page 3_
## 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|||
.
_Page 4_
## 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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Trustees
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_Page 5_
## 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|
|---|---|
_Page 6_
## 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|
|---|---|
_Page 7_
## 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|
|---|---|---|
_Page 8_