THE INSTITUTE FOR CHILDREN, YOUTH & MISSION
(A company limited by guarantee)
Trustees’ Annual Report & Accounts Year Ended 31st August 2023
Company registration number: 3988613 Charity registration number: 1081144
1
2 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Legal & Administrative Information 4 Trustees’ Annual Report 6 Objectives and Activities 7 Achievement & Performance 8 CEO Statement 8 Your Faith, Your Online World 10 Student Story and Experience 11 Academic Excellence 12 Research Work with Focus 13 Supporting Access 14 Supporting Mission 16 Supporting Wellbeing 17 Future plans 18 Structure, Governance and Management 19 Reserves Policy 20 Risk Management 20 Going Concern 21 Financial Review 22 Statement of Trustees Responsibilities 24 Independent Examiner’s Report 26 Statement of Financial Activities 28 Statement of Financial Position 30 Notes to the Financial Statements 32 3
LEGAL & ADMINISTRATIVE INFORMATION
REFERENCE
The Charity is called “Institute for Children, Youth and Mission” and is often referred to as CYM.
The organisation is registered with the Charity Commission for England and Wales and as a limited company by guarantee with Companise House.
CYM was incorporated as a charitable company on the 9th of May 2000.
Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
4
Registered Charity Numbers
Registered Charity Numbers 1081144 Registered Company Number 3988613 Registered Office 16 Commerce Square Lace Market Nottingham NG1 1HS
Website www.cym.ac.uk
Trustees Rev S Fegredo (Chair of Trustees) Appointed 26/11/2018 S Leveson Appointed 08/11/2022 A Buhari Appointed 05/07/2021 A Campbell Appointed 17/05/2021 B Thompson Appointed 03/07/2020 A Langton Appointed 26/11/2018 Dr I Taylor Resigned 15/11/2022 A Third Resigned 31/08/2022 Company Secretary Rev S Fegredo Key Managment Personnel J Archer CEO from 04/01/2022 Rev S Fegredo Executive Trustee from 01/09/2020 R Smith Course Director (Nottingham) Governing Document Memorandum and Artides of Association dated March 2020 Bankers Unity Trust Bank pic Nine Brindley Place Birmingham, B1 2HB Independent Examiner Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds, LS25 1AF Principal Solicitors Browne Jacobson LLP Mowbray House Castle Meadow Road Nottingham, NG2 1 BJ
5
TRUSTEES’ ANNUAL REPORT
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022.
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 Ireland (FRS 102) (effective 1 January 2019).
The Institute for Children, Youth and Mission, formerly the Centre for Youth Ministry, is also widely known as CYM.
6
Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
OBJECTIVES AND ACTIVITIES
The Institute for Children, Youth & Mission (CYM) is a, independent specialist college dedicated to equipping individuals for Christian ministry and mission with a focus on children, young people, and the community. Our core mission is to empower those working with young minds to share the transformative message of the Christian gospel.
The CYM community benefits from seasoned academics boasting decades of experience, CYM envisions passing the baton to the next generation, bringing the Christian Gospel to the lives of children and young people across diverse backgrounds. We collaborate with churches, charities, organisations, and communities, fostering a collective effort to make a lasting impact. With over two decades of experience in providing accredited professional degree-level qualifications, CYM stands as a leader in training, education, and research in our field. We go beyond traditional education, offering theological insight, building spiritual community, and imparting practical skills that empower our students to effect real change.
In our pursuit of public benefit, we draw on the Charity Commission’s guidance. Our commitment to advancing education and overcoming barriers, guides our strategic planning and financial policies. Throughout our rich history, affordability and exceptional learning experiences have been core tenets, influencing the diverse range of courses we offer today.
As one of the key providers of education in Christian Youth and Community Work, Children’s Ministry, and Chaplaincy with Children and Young People training in the UK, CYM remains at the forefront of innovation. Pioneering Children and Family Work, with validated provision for awards in CommunityBased Pioneer Ministry, we adapt and evolve in the dynamic landscape of higher education, forging new paths as we seek to navigate the financial pressures that we face.
At the heart of our mission is our unwavering commitment to both the Christian faith and education. CYM isn’t just an educational institution; we are catalysts for change, igniting a transformation that extends to young people, children, families, schools, and communities. Our impact echoes beyond the confines of our institute, reaching into voluntary and faith communities. Our staff champion the development of youth and children’s work in the voluntary sector and Christian denominations. We take pride in contributing to the rhythm of community-based projects, weaving a tapestry of positive change throughout society.
7
ACHIEVEMENT & PERFORMANCE
CEO STATEMENT
After completing my first full academic year as CEO and Principal of CYM, it is a privilege reflect on the last year and the incredible journey we’ve undertaken together. Although we are a small charity and college, it is helpful to have the opportunity to remind ourselves of the profound impact we can have on the lives of children and youth through our ministry and mission. Our commitment to creating a nurturing environment that fosters growth, learning, and compassion is at the core of everything we do.
In Ephesians 3:20, we are reminded that we have the support of a higher power, “Now to him who is able to do immeasurably more than all we ask or imagine, according to his power that is at work within us.” Whilst there have been challenges in this academic year, we have also been able to witness God’s miraculous, and gracious provision. Over the last 20 or so year history of CYM, we can be thankful that this has consistently been our testimony. Our history and experience over the last year gives rise to a confidence that there are limitless possibilities that lie ahead, as we seek to look to the future, embracing the mission entrusted to us.
Our community of undergraduate and postgraduate students have not only demonstrated academic excellence this year but have also exemplified the values we hold dear. Their dedication to their studies and passion for ministry in localised contexts, often overcoming personal challenges, inspires us all.
In partnership with the Church of England’s Growing Faith Foundation, we have had the privilege to embark on groundbreaking research aimed at understanding the evolving needs of children today and role of the school, church and chaplain can play in equipping them with the tools to navigate their faith journey. We are excited about future research projects and are delighted that through our research work we get to serve the church in a unique way.
8 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
In our dedication to advancing knowledge and nurturing faith, we have extended our reach by providing training to charities, churches, and individuals. Working hand in hand with young people, we have developed invaluable resources that resonate with the diverse needs of our communities. This year we were able to achieve a significant milestone in our journey – the launch of our online learning platform. This transformative endeavour has been made possible through the generous grant funding we have received. With this online platform, we aspire to amplify the reach of our mission and provide a digital space for learning and growth.
Our dedicated team, students, supporters, and partners have played an instrumental role in translating our mission into tangible, positive outcomes. As you read our annual report you will see that each story, each achievement, is a testament of God’s grace, love, and guidance as well as our community’s commitment to making a lasting difference in the lives of those we serve.
As we look to the future, with gratitude for the past, and enthusiasm for what lies ahead, we remain anchored in our commitment to nurturing the minds and hearts of the future cohorts of students seeking to prepare for vocations with children and young people. Together, as a community fuelled by faith and guided by scripture, our prayer is to continue to make a positive and lasting impact on the lives of children and young people.
9
The Your Faith, Your Online World project has been a great example this year of how CYM can serve the church in new, innovative and meaningful ways.
Utilising the teams project management and cross organisational working skills, CYM coordinated a cross denominational, national youthwork project involving five different church denominations.
“This type of work is exciting, challenging and a great example of how CYM can work in new ways to serve the church in the U.K and Europe! We are excited to develop more projects of this nature and build on this success” adds Will Munton, Director of Development and Partnerships.
10 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
LUCY
STUDENT STORY AND EXPERIENCE Lucy is a 2nd Year BA children’s ministry student based in Birmingham.
“
I had felt called to work with children and families several times over the past few years, but it took having almost nothing to do during all the lockdowns for me to actually do something about it! I began to search for degree opportunities, and came across CYM through recommendations from friends who’d previously attended.
BEING A PART OF CYM HAS CHANGED SO MANY ASPECTS OF MY LIFE FOR THE BETTER, AND I’M EXCITED TO SEE WHERE IT WILL LEAD ME TO IN THE FUTURE. - LUCY
The decision to attend CYM ended up being an easy one: I would be able to focus on my practice as a children’s worker, whilst learning the theology relevant to improving my work and reflections. By the time I began my learning, it almost felt as if the question had never been about what or where, and more just a case of when.
My first year was one of the hardest things I’ve ever done, whilst also being the biggest blessing in my life. Getting used to being back in a learning environment took a while. I’d enjoyed being in school as a child, but definitely wasn’t prepared for being in lectures and writing so many essays. Learning to be self-managing in my time, and relying on the support of the CYM team and other students absolutely helped me through the stresses.
It has been such a joy to develop my knowledge over the last year. There have been elements that have been a challenge for me to grasp, but on the whole everything that I’ve learnt has been easily applicable to my professional practice, shaping who I am as a worker, a Christian, and as a person.
I’ve also loved getting to grips with my practice placement. It’s been such a blessing getting to know all of the children and families, and I’ve been able to enjoy learning from my peers, developing new initiatives, and challenging myself to step out of my comfort zone and apply myself to new situations.
Being a part of CYM has changed so many aspects of my life for the better, and I’m excited to see where it will lead me to in the future.
11
ACADEMIC EXCELLENCE
This year saw our second year of our new BA and MA degree programmes, validated by Newman University in Birmingham. Each programme has specialist pathways which allow students to follow a pathway and focus on their ministry with children, young people, communities or more specifically in a chaplaincy setting. Due to a break in recruitment in 2020 there were no graduates to celebrate with this year which was a strange experience in itself but we look forward to our first graduation in Birmingham next year.
The programmes follow a similar pattern to the preceding 20 years with a strong emphasis on real-world experience through their practice agencies – over the year students work in over thirty organisations: churches, charities, schools and statutory projects.
Our new intake of BA students made an excellent start with each one showing potential for 2:1 or above. There were some particularly outstanding pieces of work for new students which is exciting. Second years continue to progress with the majority improving their marks from year one to two. Our highest achieving student was awarded a mark of 70+ in every assignment which is a significant achievement.
At Master’s level, the average grade across the year was 66% with almost half of the students in the merit/ distinction borderline area (68-72%).
Of course, academic excellence is only one measure of success, and perhaps not one which is measured in God’s Kingdom. We have an above average number of students who come with nontraditional entry requirements – who don’t have A levels or a good first degree. Every student on a pathway route completes a portfolio which perhaps reflects their ability and impact in ministry. All who were able to complete by the end of the year passed, with 42% of BA and 31% of MA students achieved Merit awards, and 56% of MA students getting Distinctions.
As we move into our first ‘final’ year with Newman University there is a real excitement about some of the Research Projects being planned by MA students, and Year Tutors continue to work with students to continue their progression. We look forward to the return of celebrating with our students again, at graduation next year.
12 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
RESEARCH WORK WITH FOCUS
In the face of declining attendance and an aging demographic, the Church of England (CoE) has launched bold strategies, including Resource Churches, the St Gregory Centre for Church Multiplication, ‘Growing Younger and More Diverse,’ and the groundbreaking ‘Growing Faith Foundation’ (GFF). The Institute for Children, Youth, and Mission secured a research grant from the GFF, collaborating on an exciting project with the Diocese of Durham.
This dynamic research focused on “Smythvale” Church of England Primary School, situated in a vibrant North-Eastern village, providing an early evaluation of the GFF. The school, in active partnership with the local Anglican Church, has enthusiastically embraced Growing Faith principles, exemplified by the appointment of young worship leaders.
Unveiling a commitment to a robust partnership between the Church and school, the study showcased a values-driven ethos and a palpable responsiveness to change. While noting challenges, the research identified four pivotal themes: reflecting on Christian values in Church schools, challenging cultures of performativity, developing applied theologies and ecclesiologies of accommodation, and fostering communities of practice.
This research powerfully emphasised the transformative potential of Church schools in normalising spiritual formation but candidly addressed challenges in moving beyond shared values to a deeper understanding and modelling of faith. It delved into the impact of performativity cultures, spurred by a desire to succeed, stressing the essential need for spaces that honour processual learning in genuine spiritual exploration.
The findings prompted robust recommendations, urging reflection on Christian values, challenging performativity cultures, and developing applied theologies. The call to adapt the Church’s priorities for effective engagement with children and families on critical issues such as climate change and justice resonated strongly. The study underscored the pivotal role of educational chaplains in the success of the Growing Faith strategy, advocating for their support and the creation of dynamic communities of practice.
This case project not only provides invaluable insights into the implementation of Growing Faith in a local context but has also demonstrated that the Institute for Children, Youth, and Mission can actively contribute to the development of the body of knowledge and can serve the church by becoming a thought leader. The findings highlight positive strides and challenges, emphasising the ongoing need for evaluation, questioning, and reflection to ensure the success of the national strategy and CYM looks forward to the research projects that we are looking to engage in next year.
13
SUPPORTING ACCESS
Scholarships were launched during 2022 as part of our Development and Partnership directorate. Connecting with churches who are recruiting in our focus areas has been not only fruitful in terms of recruitment of new students, but it has also introduced some very positive networking. Scholarships combine work and study, funded by recruiting churches helping them offer an enhanced package which includes a BA or MA CYM Degree.
We have learnt firsthand how challenging the current recruitment landscape is proving to be, and this is inspiring us to carry out national level research to explore the link of training and development investment, and the issue of such few workers in the field.
The scholarship programme led to three students commencing degrees, a number we hope to increase next year. We are however, seeking to be more student led; meaning that we can approach churches with potential (and interested) candidates, rather than opportunity led; which can lead to many opportunities but fewer students.
One candidate, from Northern Ireland proved to be a great example of how the process can quickly meet needs of churches across the United Kingdom. We spoke with First Lisburn Presbyterian Church in Northern Ireland, and within a week had a local candidate express interest in the long-standing vacant position. We put together an MOU with the church team, introduced the candidate, and within two weeks the candidate was part of the team.
14 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
We are delighted that we could connect this high calibre candidate to a recruiting church and provide an employment opportunity. We are also thrilled to welcome another student to CYM and support them to implement their learning to ministry.
We look forward to another fruitful year of supporting the church with scholarship opportunities.
15
SUPPORTING MISSION
The Bridge is a cross denominational schools work charity operating out of Salisbury in Wiltshire. Initially, when founded, it took the form of a team which worked to a traditional schools work pattern, offering schools assemblies, RE Lessons, special events and some pastoral/mentoring support. However, in recent years it was drawn to become an outreach agency with schools chaplaincy at its heart.
The Bridge now are entering into contracts with local schools, both primary and secondary, to provide chaplaincy services. The shape of these services varies from school to school, but is working from a foundation of incarnational presence which transforms a school through the life of Christ, lived through the life of a chaplain. Prayer spaces, pastoral care for staff, parents and students, input to lessons and collective worship, engagement in the wider school community are just some of the means employed by them in their work.
In order to grasp their vision for chaplaincy more clearly and to understand both the theological basis for their work and the opportunities available to them through chaplaincy, the Bridge approached CYM to offer them bespoke training that would equip and inspire their staff going forward.
Many of the chaplains opted to complete their studies by undertaking a level 7 assignment which resulted in some submissions of the very highest standard, including a stunning portfolio of spiritual development in a primary context.
The general consensus of the Bridge was that the training offered had equipped the staff to better pursue excellence in practice as well as building confidence in their calling and ability.
As a coda to the training each chaplain was given an hours tutorial with tutor Nigel Roberts and the leadership team had a morning with him to talk through thoughts about the future in each school and how it might develop in coming years. It was agreed to catch up again mid-way through this new academic year and decide then what may come next in our relationship together.
The Bridge were not alone in adopting this change in direction for this mission and following on from this series of sessions CYM will be building on this experience, to create new and bespoke courses for existing and new partners in the year ahead.
The training involved one day online and three days in Salisbury. Over those three days we explored together the theological foundations for the chaplaincy the Bridge were engaged with and created a lens through which vision/strategy and action could follow. The chaplains learned through case studies, guest visits, discussion and testimony alongside traditional lecture input. There was a lot of space for engaging in professional and theological reflection and during the four sessions the sense of ownership of chaplaincy as a model for servant mission grew.
16 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
SUPPORTING WELLBEING
Throughout the year, students and potential students have had support through prayer, phone calls, emails and cards being sent to their home address. This has had a real positive impact, helping them to feel known, seen and valued. There has been story after story of emails coming at ‘just’ the right time. Stories of psalms being posted through letter boxes, which link with exactly what God has been speaking into their hearts and minds. Of course, there have been difficult paths for students to walk down, some still difficult. Yet CYM are there supporting through practical ways and prayerfully holding up students when they need it.
It can be scary making big life changes, so having someone to pray with and hear you can make the world of difference. This is what has been happening this year. Many students have accessed hour long phone calls exploring calling and praying with our student chaplain about the big decisions in their life. Also, students who have faced physical / mental health problems have had chances to speak regularly to the student chaplain and know that they are not alone. Sometimes just a message of encouragement can lighten up the darkest of paths.
17
FUTURE PLANS
The strategic direction for CYM remains to ensure that there continues to be wide access to training and accredited education programmes, supporting people into vocations connected to children, young people, and community work. Alongside this, we will be look to expand our accredited online learning, to extend our geographic reach, and flexibility of access.
Our online learning platform supports us so take forward plans to continue to develop the delivery of short courses. We continue to seek to train cohorts of students from charities and organisations to further our training offer, meeting specific needs identified by partners.
Research has become an important strand of our work, diversifying our income, supporting our offer to become research informed, and importantly supporting CYM to become a thought creator and leader within our area of specialism. We therefore plan to continue to expand our research activity.
CYM is continuing to face a period of substantial change, as the funding and policy environments in Higher Education continue to create difficulties for smaller, franchised providers. The strategic plans of the charity for the future therefore seek to address and resolve these challenges to remove the risk they pose for the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The company was initially established with nine members under a Memorandum of Association in 2000 (updated in 2009), which was further reviewed in 2015 and 2018, that provided the objects and powers of the charitable company and how it was governed under its Articles of Association. In March 2020, the Articles and Memorandum of Association were changed to move from a member organisation to a fully independent charity.
For the purposes of charity law, the Directors are the Trustees of the charity. Under the Articles of Association, the minimum number of Trustees is five and the maximum is nine provided that at least one of the Trustees must be a person involved in ministry or mission with children and young people at the time of their appointment.
Day-to-day management is delegated to a Chief Executive Officer, assisted by staff employed by the Institute. Various operations teams are drawn together to oversee core services and programmes.
Under the revised Articles all existing Trustees remained as Trustees of CYM. New Trustees are either identified by partner organisations or by having individuals (who have relevant expertise) nominated by Trustees.
In 2022/23 BA and MA courses were delivered though a through a collaborative partnership with CYM in Newman University. The courses included teaching days in Nottingham.
Each Trustee serves for three years and can be reelected for two further terms of three years (except for the Board nominated Trustees who can serve for one year only). The Chair of the Trustees is elected by the Board. Trustee induction and training is accorded appropriate attention.
19
RESERVES POLICY
The CYM Board require the balance of Unrestricted Funds to be £50,000 at minimum. This would enable the Board to meet its financial commitments and complete a “Teach Out” programme if it were decided to close the Charity. If it is projected that this Policy is likely to be breached it should be brought to the attention of the Board immediately by CYM’s CEO. It is acknowledged that for cash flow purposes the actual cash held may be less than £50,000 at any given time but would be because of income due not yet being paid.
RISK MANAGEMENT
The Trustee Board regularly undertakes a review of the spectrum of risks (operational, financial, and academic) in accordance with an approved risk assessment document. This informs the actions taken by staff and others to minimise risk and improve systems. The major risks, as identified by the Trustees, have been reviewed at regular intervals and systems are established to manage those risks.
During the year under review, no serious incidents occurred which the Trustees should have reported to the Charity Commission.
In 2020 the trustees determined that would spend down grants and that, should operations continue in 2022/23 they would utilise all Unrestricted Funds removing reserves. Unrestricted Funds were brought to £2,465 in 2022-23. The trustees plan to have restored the £50,000 minimum balance of Unrestricted Funds by the end of the 2023-24 financial year.
20 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
GOING CONCERN
The challenges faced by the charity in 2020 led the trustees to commission a business plan and financial model. The plan, adopted by the trustees, assumed factors such as, spending down grants and general funds in the first two years of operations. This decision, resulted in a forecasted period in 202223 where all reserves would need to be utilised. In addition, this plan assumed the need for a significant borrowing facility for the year 2022-23 to sustain core operations.
After the appointment of the CEO in 2022, a new budget and cashflow model was adopted, eliminating the need for a borrowing facility to enable core activity but relying on timely payments from debtors. However, cashflow challenges were experienced due to factors outside of the charity’s control. With unrestricted general funds and reserves depleted, the charity once again had the need to secure temporary borrowing to meet cashflow challenges. This was in a context where economic conditions had worsened due to the COVID-19 pandemic and the 2023 mini-budget, limiting access to borrowing facilities. As a result, the trustees made a strategic decision to defer payment to one creditor and temporarily used restricted funds to meet financial obligations.
With a renewed commitment to their fiduciary responsibility, trustees have arranged for reserves to be fully restored by the end of 2023-24 and borrowing from restricted funds ceased by the end of the financial year 2022-23. A significant grant from St. John’s College Nottingham was received towards the end of the financial year, with 75% allocated to core activities, supporting the charity in the years ahead. Under the CEO’s leadership, CYM diversified income streams, attracting individual donors and receiving substantial grant funding for new activities. Monthly giving from our supporters along with multi-year grants now provide reliable income, ensuring long-term sustainability and reducing reliance on a single, unpredictable income source.
The past financial year posed some significant challenges for the charity. The trustees are committed to learning from them and improving the trusts resilience for the future. The trustees also wish to thank the staff for their significant efforts during the year in managing and overcoming these challenges. Measures such as income diversification and academic validation through Newman University will both contribute to strengthening our position. The trustees remain optimistic about the future outlook of the trust.
21
FINANCIAL REVIEW
During the year 2022-23, CYM’s Total Funds have increased by £121,249 from £85,439 to £206,688. Of which the total unrestricted fund balance carried forward was £2,465 down from £82,617 in the prior year. The restricted fund balance carried forward was £204,223 up from £2,822 in the prior year. Much of the restricted funds have been given to support core activity for the following operational years strengthening the viability of the charity. The trustees plan to seek further restricted funding to continue to support the diversification of activities and funding streams.
As a non-registered college CYM doesn’t receive a grant from the Office for Students unlike most others in the sector. The trustees have adjusted student fees and have fixed these for the foreseeable future.
The total income received during the financial year was £399,391 of which £265,711 was restricted and £133,620 was unrestricted. This is compared to income of £194,833 received in the 2021-22 financial year.
INCOME | 2022-2023
----- Start of picture text -----
INDIVIDUAL DONATIONS
2.3%
OTHER
TRAINING
0.4%
1.9%
STUDENT FEES
30.7%
GRANTS
64.6%
22 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
P )
----- End of picture text -----
Total expenditure incurred during the financial unrestricted deficit of £80,755. The restricted funds year was £278,142 of which £214,375 unrestricted generated will support the charity to enable that the and £63,767 was restricted. This is compared to the unrestricted deficit issues do not continue to impact expenditure incurred of £288,377 in the 2021-22 operations. The charity is committed to coming fully financial year. Learning lessons from previous years in line with its reserves policy by end of 2023-24. CYM seeks to deploy the principles associated with value for money ensuring that CYM students receive The total net current assets carried forward as at the a quality education. 31st of August 2023 was £204,007 up from £82,236 in the prior year. This positive outlook will allow Overall, the organisation had a surplus of £121,249 the charity to recruit to new posts that will enable for the financial year ending 2022-23 of which growth that is key for the long term future of the there was a restricted surplus of £202,004 and an charity.
EXPENDITURE | 2022-2023
----- Start of picture text -----
FUNDRAISING
2.4%
GOVERNANCE
2.2%
CHARITABLE
ACTIVITIES
95.4%
----- End of picture text -----
23
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of Institute for Children, Youth and Mission for the purposes of company law) are responsible for preparing the Report of the Trustees 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
In preparing those financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charity SORP;
-
Make judgements and 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 business.
-
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 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.
As far as the trustees are aware:
-
There is no relevant information of which the charitable company’s independent examiners are unaware; and
-
The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiners are aware of that information.
24 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
This report was approved by the trustees on and is signed on its behalf by:
Trustee Sarah Fegredo
Date: 14/05/2024
25
INDEPENDENT EXAMINER’S REPORT
I report to the trustees on my examination of the financial statements of Institute for Children, Youth and Mission (‘the charity’) for the year ended 31st August 2023.
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Independent Examiner's Report
I report to the trustees on my examination of the financial statements of Institute for Children, Youth and Mission ('the charity') for the year ended 31 August 2023.
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination: or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other 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. Nigel Wyatt BSC FCA Date: 15/05/2024 Raga Np
Nigel Wyatt BSC FCA Date: 15/05/2024 Independent Examiner 125 Main Street
Garforth
Leeds
27
STATEMENT OF FINANCIAL ACTIVITIES
28 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Institute for Children, Youth and Mission
Year Ended 31st August 2023
|Statement of Financial Activities (Income and Expenditure Account Included)
Note
Income
Donations and legacies
Charitable activities
Investments
Other income
Total Income
2
Expenditure
Charitable activities
3, 4
Total Expenditure
Net Income and Net Movement in Funds
Total funds brought forward
12
Transfers
12
Total Funds Carried Forward
12
Net Income / (Expenditure)|Statement of Financial Activities (Income and Expenditure Account Included)
2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
£
£
£
£
655
238,098
238,753
1,267
131,380
27,673
159,053
190,794
480
-
480
117
1,105
-
1,105
2,655
──────────
──────────
──────────
──────────
133,620
265,771
399,391
194,833
──────────
──────────
──────────
──────────
214,375
63,767
278,142
288,377
──────────
──────────
──────────
──────────
214,375
63,767
278,142
288,377
──────────
──────────
──────────
──────────
──────────
──────────
──────────
──────────
(80,755)
202,004
121,249
(93,544)
──────────
──────────
──────────
──────────
82,617
2,822
85,439
178,983
603
(603)
-
-
──────────
──────────
──────────
──────────
2,465
204,223
206,688
85,439
──────────
──────────
──────────
──────────
2023
||
|---|---|
All income and expenditure derive from continuing activities.
The statement is a combined Statement of Financial Activities and Income and Expenditure Account for the purposes of meeting both companies act and charity SORP reporting requirements.
29
STATEMENT OF FINANCIAL POSITION
30
Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Statement of Financial Position
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed Assets | |||
| Tangible fixed assets | 8 | 2,681 | 3,203 |
| ────────── | ────────── | ||
| 2,681 | 3,203 | ||
| Current Assets | |||
| Debtors | 9 | 15,556 | 11,584 |
| Cash at bank and in hand | 216,991 | 75,667 | |
| ────────── | ────────── | ||
| 232,547 | 87,251 | ||
| Creditors: Amounts Falling Due Within One Year | 10 | 28,540 | 5,015 |
| ────────── | ────────── | ||
| Net Current Assets | 204,007 | 82,236 | |
| ────────── | ────────── | ||
| Net Assets | 206,688 | 85,439 | |
| ────────── | ────────── | ||
| Funds of The Charity | |||
| Restricted funds | 12 | 204,223 | 2,822 |
| Unrestricted funds | 12 | 2,465 | 82,617 |
| ────────── | ────────── | ||
| Total Charity Funds | 206,688 | 85,439 | |
| ────────── | ────────── |
For the year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Company number: 3988613
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees, authorised for issue and are signed on behalf of the board by:
Sarah Fegredo
Date: 14/05/2024
Trustee
31
NOTES TO THE FINANCIAL STATEMENTS
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
1 Accounting Polices
1.1 Basis of Preparation
The financial statements of the charitable company have been prepared under the historical cost convention and in accordance with the 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), the Companies Act 2006 and United Kingdom Generally Accepted Accounting Practice applicable to smaller entities.
The financial accounts are prepared in Sterling (£) which is the functional currency of the charitable company.
Connect charity UK meets the definition of a public benefit entity under FRS 102.
1.2 Assessment of Going Concern
The charity maintains a going concern status by regularly assessing its ability to continue operations. Financial plans and models are reviewed to ensure alignment with charitable objectives and compliance with regulations. Measures such as income diversification and prudent cashflow management are employed to enhance sustainability. The trustees affirm their confidence in the charity's operational existence, with financial statements prepared on a going concern basis. The trustees report includes a detailed assessment by the Trustees of the organisations ability to continue operating for the foreseeable future.
1.3 Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal.
Further explanation of the nature and purpose of each fund is is included in Note 12 of the financial statements.
33
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
1.4 Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income is recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
• Income from charitable activities are accounted for when invoices are drawn up and the service has been provided (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Time is expended on the charity’s activities and governance which is donated free of charge. It is impractical to quantify the value of the time given, and accordingly it is neither recorded as donated income nor as an expense in the financial statements.
- Investment Income is included in the accounts when receivable.
1.5 Resources Expended
Charitable activities – The costs of charitable activities represent the cost of undertaking the charity’s objectives and include direct costs incurred in delivering those services together with support costs. All expenditure is accounted for on an accruals basis. 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. Value added tax is not recoverable by the charitable company and as such it is included in the relevant costs in the Statement of Financial Activities.
Costs of raising funds include expenditure on promotion and advertising plus any fundraising trading costs.
1.6 Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
1.7 Liabilities Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
34 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
1.8 Tangible Fixed Assets
All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on fixed assets which is written off on a straight-line basis over time estimated useful live of the asset.
Fixtures, fittings and furniture 20% Straight line Motor vehicles 20% Straight line Computer equipment 20% Straight line
Fixtures, fittings and vehicles are reviewed for impairment if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared against its carrying amount. Where the estimated recoverable amount is lower, an impairment loss is recognised immediately in the Statement of Financial Activities.
Fixed assets are for use by the charity in fulfilling its objects and are capitalized and depreciated. Depreciation is provided at rates appropriate to reduce book values to estimated residual values over the useful lives of the assets concerned. Land or buildings includes construction and professional fees associated with the new building. Depreciation will commence once the buildings are commissioned. Land and buildings are then revalued periodically to reflect their net realisable value.
1.9 Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
1.10 Operating Leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
1.11 Taxation
The charity is exempt from taxation in respect of income or capital gains received to the extent that such income or gains are applied exclusively for charitable purposes. The charity is not exempt from Value Added Tax.
1.12 Volunteer Assistance
Time is expended on the charity’s activities and governance which is donated free of charge. It is impractical to quantify the value of the time given, and accordingly it is neither recorded as donated income nor as an expense in the financial statements.
35
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
1.13 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all its financial instruments. Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. With the exceptions of prepayments and deferred income all other debtor and creditor balances are considered to be basic financial instruments under FRS 102.
1.14 Employee benefits
The cost of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.15 Critical accounting estimates and areas of judgement
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
36 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
| 2 | Analysis of Income | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Donations | 529 | 8,698 | 9,227 | |
| Gift aid | 126 | - | 126 | |
| Grants | - | 229,400 | 229,400 | |
| ────────── | ────────── | ────────── |
||
| 655 | 238,098 | 238,753 | ||
| Charitable Activities | ||||
| Undergraduate course fees (BA) | 81,157 | - | 81,157 | |
| Postgraduate course fees (MA) | 42,556 | - | 42,556 | |
| Short courses | 7,640 | - | 7,640 | |
| Book sales | 27 | - | 27 | |
| Your faith your online world project | - | 27,673 | 27,673 | |
| ────────── | ────────── | ────────── |
||
| 131,380 | 27,673 | 159,053 | ||
| Investments | ||||
| Bank interest | 480 | - | 480 | |
| ────────── | ────────── | ────────── |
||
| 480 | - | 480 | ||
| Other Income | ||||
| Awards ceremony | 1,105 | - | 1,105 | |
| ────────── | ────────── | ────────── | ||
| 1,105 | - | 1,105 | ||
| ────────── | ────────── | ────────── |
||
| Total Income | 133,620 | 265,771 | 399,391 | |
| ────────── | ────────── | ────────── |
37
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
| 2 | Analysis of Income(Continued) | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Donations | 1,267 | - | 1,267 | |
| Gift aid | - | - | - | |
| Grants | - | - | - | |
| ────────── | ────────── | ────────── |
||
| 1,267 | - | 1,267 | ||
| Charitable Activities | ||||
| Undergraduate course fees (BA) | 149,154 | - | 149,154 | |
| Postgraduate course fees (MA) | 37,680 | - | 37,680 | |
| Short courses | 3,960 | - | 3,960 | |
| Book sales | - | - | - | |
| Your faith your online world project | - | - | - | |
| ────────── | ────────── | ────────── |
||
| 190,794 | - | 190,794 | ||
| Investments | ||||
| Bank interest | 117 | - | 117 | |
| ────────── | ────────── | ────────── |
||
| 117 | - | 117 | ||
| Other Income | ||||
| Awards ceremony | 2,655 | - | 2,655 | |
| ────────── | ────────── | ────────── | ||
| 2,655 | - | 2,655 | ||
| ────────── | ────────── | ────────── |
||
| Total Income | 194,833 | - | 194,833 | |
| ────────── | ────────── | ────────── |
38 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
3 Expenditure on Charitable Activities
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Salaries, travel and expenses | 110,772 | 29,619 | 140,391 |
| Validation costs | - | - | - |
| Catering | 456 | - | 456 |
| Venue hire | 14,820 | 200 | 15,020 |
| Books and resources | 3,117 | 20 | 3,137 |
| Awards ceremony costs | 6,159 | - | 6,159 |
| Miscellaneous expenses | - | - | - |
| ────────── | ────────── | ────────── |
|
| 135,324 | 29,839 | 165,163 | |
| Support cost | 79,051 | 33,928 | 112,979 |
| ────────── | ────────── | ────────── |
|
| 214,375 | 63,767 | 278,142 | |
| ────────── | ────────── | ────────── |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Salaries, travel and expenses | 159,055 | - | 159,055 |
| Validation costs | 4,241 | - | 4,241 |
| Catering | 1,960 | - | 1,960 |
| Venue hire | 28,794 | - | 28,794 |
| Books and resources | 4,437 | - | 4,437 |
| Awards ceremony costs | 1,222 | - | 1,222 |
| Miscellaneous expenses | 3,062 | - | 3,062 |
| ────────── | ────────── | ────────── |
|
| 202,771 | - | 202,771 | |
| Support cost | 85,606 | - | 85,606 |
| ────────── | ────────── | ────────── |
|
| 288,377 | - | 288,377 | |
| ────────── | ────────── | ────────── |
39
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
4 Support Costs
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Board meeting costs | - | - | - |
| Trustee expenses | 300 | - | 300 |
| Independent examiner's fee | 1,920 | - | 1,920 |
| Legal compliance & advice | 483 | - | 483 |
| Course validation | - | - | - |
| Other | - | - | - |
| Salaries, travel and expenses | 60,756 | 28,653 | 89,409 |
| Consultancy | - | - | - |
| Computer costs | 3,711 | 1,625 | 5,336 |
| Depreciation of tangible fixed assets | 1,881 | - | 1,881 |
| Insurance | 3,358 | - | 3,358 |
| Printing, postage and stationery | 728 | 805 | 1,533 |
| Advertising costs | 3,910 | 1,053 | 4,963 |
| Subscriptions and professional fees | 1,173 | 19 | 1,192 |
| Bad debt | - | 1,773 | 1,773 |
| Bank charges | 831 | - | 831 |
| ────────── | ────────── | ────────── |
|
| 79,051 | 33,928 | 112,979 | |
| ────────── | ────────── | ────────── |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Board meeting costs | - | - | - |
| Trustee expenses | 307 | - | 307 |
| Independent examiner's fee | 900 | - | 900 |
| Legal compliance & advice | 576 | - | 576 |
| Course validation | - | - | - |
| Other | 50 | - | 50 |
| Salaries, travel and expenses | 43,338 | - | 43,338 |
| Consultancy | 9,682 | - | 9,682 |
| Computer costs | 4,982 | - | 4,982 |
| Depreciation of tangible fixed assets | 4,926 | - | 4,926 |
| Insurance | 2,856 | - | 2,856 |
| Printing, postage and stationery | 1,802 | - | 1,802 |
| Advertising costs | 15,815 | - | 15,815 |
| Subscriptions and professional fees | 300 | - | 300 |
| Bad debt | - | - | - |
| Bank charges | 72 | - | 72 |
| ────────── | ────────── | ────────── |
|
| 85,606 | - | 85,606 | |
| ────────── | ────────── | ────────── |
40
Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
5 Independent Examiner's Fees
Fees payable to the independent examination for:
| Fees payable to the independent examination for: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Accounts preparation and independent examination | 1,920 | 1,500 |
| Payroll services | - | 957 |
6 Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 196,601 | 172,722 |
| Social security costs | 10,238 | 4,147 |
| Employer contributions to pension plans | 8,131 | 5,481 |
| ────────── | ────────── | |
| 214,970 | 182,350 | |
| ────────── | ────────── |
The average head count of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| Average head count | 11 | 5 |
Number of employees whom received employee benefits of more than £60,000 during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| More than £60,000 | - | - |
Key Management Personnel
The key management personnel of the Charity are outlined on the Legal and Administrative Information. The total employee benefits (including employer pension and national insurance contribution) of the key management personnel of the charity were £101,298 (2022: £61,325) for 2023.
41
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
7 Trustee Remuneration, Expenses and Donations
During the year one trustee incurred out of pocket expenses for their role as a trustee of £156.60 (2022: £307). The expenses incurred related to travel, subsistence and accommodation costs whilst carrying out duties associated with being trustees.
During the year the total aggregated donations made to the charity by the trustees £180 (2022: £0). The donors did not attach any conditions to their gifts which required the charity to significantly alter the nature of its existing activities.
During the year three trustees received payments for consultancy fees totalling for practice tutor work. In the prior year Rev S Fegredo, who is a trustee, received consultancy fees totalling £8,225 for acting as an Executive Trustee, this was not paid during the 2023 financial year.
| 2023 | |
|---|---|
| £ | |
| Rev S Fegredo | 550 |
| A Campbell | 500 |
| A Langton | 275 |
8 Tangible Fixed Assets
| Tangible Fixed Assets | ||
|---|---|---|
| Computer | ||
| Equipment | Total | |
| £ | £ | |
| Cost as at 1st September 2022 | 7,586 | 7,586 |
| Additions | 1,359 | 1,359 |
| ────────── | ────────── | |
| Cost as at 31st August 2023 | 8,945 | 8,945 |
| ────────── | ────────── | |
| Depreciation as at 1st September 2022 | 4,383 | 4,383 |
| Depreciation Charge | 1,881 | 1,881 |
| ────────── | ────────── | |
| Depreciation as at 31st August 2023 | 6,264 | 6,264 |
| ────────── | ────────── | |
| ────────── | ────────── | |
| Net Book Value as at 31st August 2023 | 2,681 | 2,681 |
| ────────── | ────────── | |
| Net Book Value as at 31st August 2022 | 3,203 | 3,203 |
| ────────── | ────────── |
42 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
9 Debtors
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 11,411 | 11,002 |
| Prepayments and accrued income | 4,145 | 582 |
| ────────── | ────────── | |
| 15,556 | 11,584 | |
| ────────── | ────────── |
| 10 | Creditors: Amounts Falling Due Within One Year | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Trade creditors | 15,666 | 1,516 | |
| Other creditors | 5,356 | 848 | |
| Accruals | 1,920 | 2,651 | |
| Deferred income | 5,598 | - | |
| ────────── | ────────── | ||
| 28,540 | 5,015 | ||
| ────────── | ────────── | ||
| 11 | Deferred income | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Balance at the beginning of the reporting period | - | 1,000 | |
| Amount released to income | - | (1,000) | |
| Amount deferred in year | 5,598 | - | |
| ────────── | ────────── | ||
| Balance at the end of the reporting period | 5,598 | - | |
| ────────── | ────────── |
Deferred income occurs when a full payment for a course is paid in one year, but the award is achieved in a later year. It occurred in 2022/23 because students paid in advance for course fees.
43
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
12 Analysis of Charitable Funds
| 1 Sep 2022 | Income | Expenditure | Transfers31 Aug 2023 | Transfers31 Aug 2023 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| General Funds | 82,617 | 133,620 | (214,375) | 603 | 2,465 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total Unrestricted | 82,617 | 133,620 | (214,375) | 603 | 2,465 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Restricted Funds | |||||
| All Hallows | - | 5,400 | (3,847) | (603) | 950 |
| Jerusalem Trust | 1,029 | 10,000 | (10,529) | - | 500 |
| Direct Giving Fund | - | 8,698 | (8,698) | - | - |
| Bishop Radford Trust | - | 1,000 | (1,000) | - | - |
| SJ Nexus Research | - | 100,000 | (1,915) | - | 98,085 |
| SJ Capital Project Fund | - | 50,000 | - | - | 50,000 |
| SJ Online Learning Platform | - | 50,000 | - | - | 50,000 |
| Souter Charitable Trust | - | 3,000 | (2,500) | - | 500 |
| Your Faith Your Online World | - | 27,673 | (23,485) | - | 4,188 |
| Growing Faith Foundation Trust | - | 10,000 | (10,000) | - | - |
| Hardship Fund | 1,793 | - | (1,793) | - | - |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total Restricted | 2,822 | 265,771 | (63,767) | (603) | 204,223 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total Funds | 85,439 | 399,391 | (278,142) | - | 206,688 |
| ────────── | ────────── | ────────── | ────────── | ────────── |
Fund Transfers
Transfer of a piece of IT equipment purchased from the All Hallows restricted fund to be held in the general fund at the point of purchase.
44 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
| 1 Sep 2021 | Income | Expenditure | Transfers31 Aug 2022 | Transfers31 Aug 2022 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| General funds | 176,161 | 194,016 | (287,560) | - | 82,617 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total Unrestricted | 176,161 | 194,016 | (287,560) | - | 82,617 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Restricted Funds | |||||
| All Hallows | - | - | - | - | - |
| Jerusalem Trust | 1,029 | - | - | - | 1,029 |
| Direct Giving Fund | - | - | - | - | - |
| Bishop Radford Trust | - | - | - | - | - |
| SJ Nexus Research | - | - | - | - | - |
| SJ Capital Project Fund | - | - | - | - | - |
| SJ Online Learning Platform | - | - | - | - | - |
| Souter Charitable Trust | - | - | - | - | - |
| Your Faith Your Online World | - | - | - | - | - |
| Growing Faith Foundation Trust | - | - | - | - | - |
| Hardship Fund | 1,793 | - | - | - | 1,793 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total Restricted | 2,822 | - | - | - | 2,822 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total Funds | 178,983 | 194,016 | (287,560) | - | 85,439 |
| ────────── | ────────── | ────────── | ────────── | ────────── |
Fund Descriptions
All Hallows
Jerusalem Trust
Direct Giving Fund Bishop Radford Trust
SJ Nexus Research SJ Capital Project Fund
SJ Online Learning Platform
Souter Charitable Trust
Your Faith Your Online World Project
Growing Faith Foundation Trust Hardship Fund
This grant was to support the development of our online learning platform.
A grant was received towards the costs of restructuring the organisation in line with the changes to Higher and Further Education.
This is any other giving to support core activities of the charity. This grant was to provide new laptops and other computer equipment for the charity.
This is to fund researches to engage in growing faith research. This is to support CYM in its strategic plan of establishing a permenant home.
This grant was to support the development of of CYM's online learning platform.
This grant was to support the development of CYM's trauma informed course.
This grant was to support an ecumenical project to undertake research and video resource creation.
To support a collaborative research project.
To support students in need.
45
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
13 Analysis of Net Assets Between Funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Fixed assets | 2,681 | - | 2,681 |
| Current assets | 28,324 | 204,223 | 232,547 |
| Creditors less than 1 year | (28,540) | - | (28,540) |
| ────────── | ────────── | ────────── |
|
| 2,465 | 204,223 | 206,688 | |
| ────────── | ────────── | ────────── |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Fixed assets | 3,203 | - | 3,203 |
| Current assets | 84,429 | 2,822 | 87,251 |
| Creditors less than 1 year | (5,015) | - | (5,015) |
| ────────── | ────────── | ────────── |
|
| 82,617 | 2,822 | 85,439 | |
| ────────── | ────────── | ────────── |
14 Related Party Transactions
No related party transactions took place during the year.
46 Institute for Children, Youth & Mission | Annual Report | Year Ended 31st August 2023
Institute for Children, Youth and Mission
Year Ended 31st August 2023
Notes to the Financial Statements
15 Prior Year Statement of Financial Activities
| 2022 | |||
|---|---|---|---|
| Unrestricted | Restricted | ||
| Funds | Funds | Total Funds | |
| £ | £ | £ | |
| Income | |||
| Donations and legacies | 1,267 | - | 1,267 |
| Charitable activities | 190,794 | - | 190,794 |
| Investments | 117 | - | 117 |
| Other income | 2,655 | - | 2,655 |
| ────────── | ────────── | ────────── |
|
| Total Income | 194,833 | - | 194,833 |
| ────────── | ────────── | ────────── |
|
| Expenditure | |||
| Charitable activities | 288,377 | - | 288,377 |
| ────────── | ────────── | ────────── |
|
| Total Expenditure | 288,377 | - | 288,377 |
| ────────── | ────────── | ────────── |
|
| ────────── | ────────── | ────────── |
|
| Net income / (expenditure) | (93,544) | - | (93,544) |
| ────────── | ────────── | ────────── |
47
THE INSTITUTE FOR CHILDREN, YOUTH & MISSION
(A company limited by guarantee)
CYM, 16 Commerce Square, Nottingham, NG1 1HS
Company registration number 3988613 Charity registration number: 1081144
cym.ac.uk