Company registration number: 03988613 Charity registration number: 1081144
Institute for Children, Youth and Mission
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2024
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Institute for Children, Youth and Mission
Contents
| Contents | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 to 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 19 |
Institute for Children, Youth and Mission
Reference and Administrative Details
Trustees
Peter Gregory, Chair Alistair Langton Barry Thompson Aime Buhari Suzanne Leveson Alasdair Campbell Secretary
Lyndsay Millar Senior Management Team
James Archer, until 31/08/2024, CEO Robin Smith, Course Director Sarah Holmes, Director of Research
Charity Registration Number
1081144
Company Registration Number
03988613 Registered Office
16 Commerce Square Nottingham NG1 1HS
Independent Examiner
John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Institute for Children, Youth and Mission
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2024.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
Peter Gregory, Chair (appointed 14 May 2024)
Alistair Langton Barry Thompson Aime Buhari Suzanne Leveson Alasdair Campbell
Rev Sarah Fegredo (resigned 10 December 2024)
Secretary:
Lyndsay Millar (appointed 22 October 2024)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 23/03/2020. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Objectives and activities
Public benefit
Activities undertaken to further public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 3
A Statement from the Chair of Trustees
Firstly, we want to give thanks to God for His ongoing provision and guidance throughout the year.
It was a year in which several challenges were encountered - especially as we continued to deliver the undergraduate and Masters programmes with reduced student numbers.
During that period we were particularly appreciative of Sarah Fegredo who chaired and helped to steer CYM and the very helpful advice from Paul Fenton as the Trustees sought to navigate the challenges and also consider the future direction of the Institute.
We start the new year with renewed purpose and are ready to continue to follow His pathway for which we continue to listen carefully for God’s leading.
The annual report was approved by the trustees of the charity on 22[nd] May 2025 and signed on its behalf by:
ez Peter Gregory Trustee
Page 3
Institute for Children, Youth and Mission
Trustees' Report
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Statement of 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 trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
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 that can disclose with reasonable accuracy at any time the financial position of the charitable company and 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 4
Institute for Children, Youth and Mission
Independent Examiner's Report to the trustees of Institute for Children, Youth and Mission ('the Company')
Independent examiner’s report to the trustees of Institute for Children, Youth and Mission ('the Company') I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no 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 Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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 accounts 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.
...................................... John O'Brien MSc, FAIA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Date:......22/05/2025
Page 5
Institute for Children, Youth and Mission
Statement of Financial Activities for the Year Ended 31 August 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Unrestricted Total Total |
|
|---|---|
| funds Restricted funds 2024 2023 |
|
| Note | £ £ £ £ |
| Income and Endowments from: | |
| Donations and legacies 2 |
- - - 655 |
| Charitable activities 3 |
160,689 54,057 214,746 397,151 |
| Other trading activities 5 |
- - - 1,105 |
| Investment income 6 |
4,530 - 4,530 480 |
| Total income | |
| 165,219 54,057 219,276 399,391 |
|
| Expenditure on: | |
| Charitable activities 7 |
(309,659) (25,350) (335,009) (278,142) |
| Total expenditure | |
| (309,659) (25,350) (335,009) (278,142) |
|
| Net (expenditure)/income | |
| (144,440) 28,707 (115,733) 121,249 |
|
| Transfers between funds | 184,000 (184,000) - - |
| Net movement in funds | |
| 39,560 (155,293) (115,733) 121,249 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 2,465 204,223 206,688 85,439 |
|
| Total funds carried forward 14 |
|
| 42,025 48,930 90,955 206,688 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 14.
The notes on pages 9 to 19 form an integral part of these financial statements. Page 6
Institute for Children, Youth and Mission
Statement of Financial Activities for the Year Ended 31 August 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Unrestricted Total |
|
|---|---|
| funds Restricted funds 2023 |
|
| Note | £ £ £ |
| Income and Endowments from: | |
| Donations and legacies 2 |
655 - 655 |
| Charitable activities 3 |
131,380 265,771 397,151 |
| Other trading activities 5 |
1,105 - 1,105 |
| Investment income 6 |
480 - 480 |
| Total income | |
| 133,620 265,771 399,391 |
|
| Expenditure on: | |
| Charitable activities 7 |
(214,375) (63,767) (278,142) |
| Total expenditure | |
| (214,375) (63,767) (278,142) |
|
| Net (expenditure)/income | |
| (80,755) 202,004 121,249 |
|
| Transfers between funds | 603 (603) - |
| Net movement in funds | |
| (80,152) 201,401 121,249 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 82,617 2,822 85,439 |
|
| Total funds carried forward 14 |
|
| 2,465 204,223 206,688 |
The notes on pages 9 to 19 form an integral part of these financial statements. Page 7
Institute for Children, Youth and Mission
(Registration number: 03988613) Balance Sheet as at 31 August 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 10 | 1,776 | 2,681 |
| Current assets | |||
| Debtors | 11 | 6,453 | 15,556 |
| Cash at bank and in hand | 12 | 96,164 | 216,991 |
| 102,617 | 232,547 | ||
| Creditors: Amounts falling due within oneyear | 13 | (13,438) | (28,540) |
| Net currentassets | 89,179 | 204,007 | |
| Netassets | 90,955 | 206,688 | |
| Funds of the charity: | |||
| Restricted income funds | |||
| Restricted funds | 14 | 48,930 | 204,223 |
| Unrestricted income funds | |||
| Unrestricted funds | 42,025 | 2,465 | |
| Total funds | 14 | 90,955 | 206,688 |
For the financial year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 5 to 18 were approved by the trustees, and authorised for issue on 22[nd] May 2025 and signed on their behalf by:
fez Peter Gregory Trustee
The notes on pages 9 to 19 form an integral part of these financial statements.
Page 8
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Institute for Children, Youth and Mission meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 9
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
-
The donor specifies that the grant or donation must only be used in future accounting periods; or
-
The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Computer equipment 33% straight line
Page 10
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 11
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
2 Income from donations and legacies
| Total | Total | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Donations and legacies; | ||||
| Donations from individuals | - | 655 | ||
| - | 655 |
3 Income from charitable activities
| 3 Income from charitable activities |
3 Income from charitable activities |
|---|---|
| Unrestricted | |
| funds Restricted Total |
|
| General funds 2024 |
|
| £ £ £ |
|
| Grants, donations & gift aid - 11,633 11,633 |
|
| Fees 160,527 42,424 202,951 |
|
| Other income 162 - 162 |
|
| 160,689 54,057 214,746 |
|
| Unrestricted | |
| funds Restricted Total |
|
| General funds 2023 |
|
| £ £ £ |
|
| Grants, donations & gift aid - 238,098 238,098 |
|
| Fees 131,380 27,673 159,053 |
|
| 131,380 265,771 397,151 |
|
| 4 Grants & donations |
|
| Unrestricted funds |
|
| Restricted funds Total |
|
| £ | £ £ |
| Individual donations |
- 1,696 1,696 |
| All Hallows |
- 5,000 5,000 |
| St Peter's SaltleyTrust |
- 4,937 4,937 |
| - 11,633 11,633 |
|
| 5 Income from other trading activities |
|
| Total Total |
|
| funds 2023 |
|
| £ £ |
|
| Other income from other tradingactivities | - 1,105 |
| - 1,105 |
Page 12
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
6 Investment income
| 6 Investment income |
|||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Total | Total | |||
| General | 2024 | 2023 | |||
| £ | £ | £ | |||
| Interest receivable and similar income; | |||||
| Interest receivable on bank deposits | 4,530 | 4,530 | 480 | ||
| 4,530 | 4,530 | 480 |
7 Expenditure on charitable activities
| Unrestricted | |
|---|---|
| funds Restricted Total Total |
|
| General funds 2024 2023 |
|
| £ £ £ £ |
|
| Core staff costs | 218,126 - 218,126 229,800 |
| Bad debts | 10,546 - 10,546 1,773 |
| Depreciation | 1,954 - 1,954 1,881 |
| Accountancy | 1,440 - 1,440 1,920 |
| Development consultancy | 7,260 - 7,260 - |
| Insurance | 3,452 - 3,452 3,358 |
| Registration & compliance | 675 - 675 1,675 |
| Trustee expenses | 755 - 755 300 |
| Hourly paid contracts | 13,970 2,435 16,405 - |
| Marketing & communications | 23,563 20,046 43,609 4,963 |
| Office & admin costs | 8,496 1,819 10,315 6,869 |
| Training resources | 5,067 - 5,067 - |
| Staff training & conferences | 2,131 - 2,131 - |
| Staff travel & subsistence | 3,278 - 3,278 456 |
| Venue hire & services | 8,946 1,050 9,996 15,020 |
| Other costs | - - - 10,127 |
| 309,659 25,350 335,009 278,142 |
Page 13
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
8 Net incoming/outgoing resources
Net (outgoing)/incoming resources for the year include:
| Net (outgoing)/incoming resources for the year include: | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Depreciation of fixed assets | 1,954 | 1,881 |
9 Staff costs
The aggregate payroll costs were as follows:
| 9 Staff costs The aggregate payroll costs were as follows: |
|
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | 196,275 196,601 |
| Social security costs | 11,860 10,238 |
| Pension costs | 9,991 8,131 |
| 218,126 214,970 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| year was as follows: | |
|---|---|
| 2024 2023 |
|
| No No |
|
| Average number of employees | 9 9 |
7 (2023 - 7) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £9,991 (2023 - £8,131).
During the year, the charity made redundancy and/or termination payments which totalled £17,500 (2023 - £Nil).
At 31st August, 2 posts were made redundant (CEO & Director of Communications). This was following a restructuring exercise (and consultation) which took place during July and August due to a decision to end recruitment to the BA and MA programmes, and a need to reduce overall costs. Notice of ‘teach-out’ was given to Newman University. All students are expected to complete their studies in the summer of 2026. CYM continues with Research work and is seeking to develop other Training programmes. In addition to the 2 redundancies, 4 other staff left the organisation through the summer of 2024 of their own accord.
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £114,338 (2023 - £101,298).
Page 14
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
10 Tangible fixed assets
| 10 Tangible fixed assets |
|
|---|---|
| Computer equipment Total |
|
£ £ |
|
| Cost | |
| At 1 September 2023 | 8,945 8,945 |
| Additions | 1,049 1,049 |
| Disposals | (2,911) (2,911) |
| At 31 August 2024 | 7,083 7,083 |
| Depreciation | |
| At 1 September 2023 | 6,264 6,264 |
| Charge for the year | 1,954 1,954 |
| Eliminated on disposals | (2,911) (2,911) |
| At 31 August 2024 | 5,307 5,307 |
| Net book value | |
| At 31 August 2024 | 1,776 1,776 |
| At 31 August 2023 | 2,681 2,681 |
| 11 Debtors |
|
| 2024 2023 |
|
| £ £ |
|
| Trade debtors | 2,404 11,411 |
| Prepayments | 4,049 4,145 |
| 6,453 15,556 |
|
| 12 Cash and cash equivalents |
|
| 2024 2023 |
|
| £ £ |
|
| Cash on hand | 25 - |
| Cash at bank | 96,139 216,991 |
| 96,164 216,991 |
Page 15
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
13 Creditors: amounts falling due within one year
| 13 Creditors: amounts falling due within one year |
||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Trade creditors | 5,930 | 15,666 | ||
| Other creditors | 6,068 | 5,356 | ||
| Accruals | 1,440 | 1,920 | ||
| Deferred income | - | 5,598 | ||
| 13,438 | 28,540 |
14 Funds
| 14 Funds |
14 Funds |
|---|---|
| Balance at 1 September 2023 Incoming resources Resources expended Transfers Balance at 31 August 2024 |
|
| £ £ £ £ £ |
|
| Unrestricted funds | |
| General | |
| General fund 2,465 165,219 (309,659) 144,000 2,025 |
|
| Designated | |
| Reserves - - - 40,000 40,000 |
|
| Total unrestricted funds 2,465 165,219 (309,659) 184,000 42,025 |
|
| Restricted funds | |
| All Hallows 950 5,000 (3,950) - 2,000 |
|
| Jerusalem Trust 500 - (500) - - |
|
| SJ Nexus Research (Growing | |
| Faith) 98,085 - (440) (65,000) 32,645 |
|
| SJ Capital Project 50,000 - - (50,000) - |
|
| SJ Online Learning 50,000 - (3,732) (35,000) 11,268 |
|
| Souter Charitable Trust 500 - (500) - - |
|
| Your Faith Your Online World 4,188 42,424 (16,153) (30,000) 459 |
|
| Direct Giving | - 1,696 (75) - 1,621 |
| St Peter's SaltleyTrust | - 4,937 - (4,000) 937 |
| Total restricted funds | |
| 204,223 54,057 (25,350) (184,000) 48,930 |
|
| Total funds | |
| 206,688 219,276 (335,009) - 90,955 |
Page 16
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
| Balance at 1 September 2022 Incoming resources Resources expended Transfers Balance at 31 August 2023 |
Balance at 1 September 2022 Incoming resources Resources expended Transfers Balance at 31 August 2023 |
|---|---|
| £ £ £ £ £ |
|
| Unrestricted funds | |
| General | |
| General fund 82,617 133,620 (214,375) 603 2,465 |
|
| Restricted | |
| All Hallows - 5,400 (3,847) (603) 950 |
|
| Jerusalem Trust 1,029 10,000 (10,529) - 500 |
|
| SJ Nexus Research (Growing | |
| Faith) - 100,000 (1,915) - 98,085 |
|
| SJ Capital Project - 50,000 - - 50,000 |
|
| SJ Online Learning - 50,000 - - 50,000 |
|
| Souter Charitable Trust - 3,000 (2,500) - 500 |
|
| Your Faith Your Online World - 27,673 (23,485) - 4,188 |
|
| Direct Giving | - 8,698 (8,698) - - |
| Bishop Radford Trust | - 1,000 (1,000) - - |
| Growing Faith Foundation | - 10,000 (10,000) - - |
| HardshipFund | 1,793 - (1,793) - - |
| Total restricted funds | |
| 2,822 265,771 (63,767) (603) 204,223 |
|
| Total funds | |
| 85,439 399,391 (278,142) - 206,688 |
Page 17
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
The specific purposes for which the funds are to be applied are as follows:
Name of fund: Direct Giving
Purpose: Life Transformers project: The fund was created to provide a bursary system which would support potential students from the Global South to access degree courses with CYM. The fund was closed in 2024 and donations were either repaid or redistributed to General Fund following consultation with individual donors and the Charities Commission.
Name of fund: St John's Growing Faith
Purpose: A research project was planned (and delivered) in partnership with The Diocese of Durham to research the impact of Growing Faith Foundation funding for a chaplaincy project in a primary school in Durham County.
Name of fund: St John's Online Learning
Purpose: The aim of the fund was to develop an online learning platform to provide non-formal training courses in working with children, young people and their families.
Name of fund: All Hallows
Purpose: The aim of the fund was to develop an online learning platform to provide non-formal training courses in working with children, young people and their families.
Name of fund: St Peter's Saltley Trust
Purpose: The FE Chaplain: Understanding the field and supporting practice. A three-year project to research the experiences and perceptions of chaplaincy in FE settings in W Midlands. And subsequently develop a training course.
Name of fund: Your Faith Your Online World Project
Purpose: The overarching aim of this Partnership is to commission, produce and distribute a series of short films and accompanying learning resources aimed at young people in the UK between the ages of 11-16 to help them consider the links between their faith and their values and their online world. In time, these resources will be available to the NSPCC to use in relation to other faith-based groups and schools.
The transfers from the restricted funds to the General fund are to cover core costs and staff salaries.
15 Analysis of net assets between funds
Unrestricted
| Unrestricted | ||
|---|---|---|
| 2024 | ||
| General | Restricted Total funds |
|
| £ | £ £ |
|
| Tangible fixed assets | 1,776 - 1,776 |
|
| Current assets | 53,687 48,930 102,617 |
|
| Current liabilities | (13,438) - (13,438) |
|
| Total net assets | ||
| 42,025 48,930 90,955 |
Page 18
Institute for Children, Youth and Mission
Notes to the Financial Statements for the Year Ended 31 August 2024
| Unrestricted | |||
|---|---|---|---|
| 2023 | |||
| General | Restricted | Total funds | |
| £ | £ | £ | |
| Tangible fixed assets | 2,681 | - | 2,681 |
| Current assets | 28,324 | 204,223 | 232,547 |
| Current liabilities | (28,540) | - | (28,540) |
| Total net assets | 2,465 | 204,223 | 206,688 |
16 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Accounting Plus are analysed as follows: | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Independent examination | 1,200 | - | ||
| 1,200 | - |
17 Taxation
The charity is a registered charity and is therefore exempt from taxation.
18 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Rev Sarah Fegredo
£532 (2023: £157) of expenses were reimbursed to Rev Sarah Fegredo during the year.
for travel and reimbursement of expenses Alasdair Campbell £117 (2023: £Nil) of expenses were reimbursed to Alasdair Campbell during the year.
for accommodation & travel Barry Thompson £95 (2023: £Nil) of expenses were reimbursed to Barry Thompson during the year.
for accommodation & travel
Donations made by the trustees totalled £550 for the year (2023 - £180).
19 Related party transactions
There were no related party transactions in the year.
Page 19