SOUTH WEST YOUTH MINISTRIES
(A company limited by guarantee)
UNAUDITED FINANCIAL STATEMENTS
YEAR TO 31ST AUGUST 2024
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*swYM
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SOUTH WESTYOUTH MINISTRIES
TRUSTEES, ANNUAL REPORT INCLUDING DIRECTORS, REPORT
FOR THE YEAR TO 31ST AUGUST2024
Contents
Legal and Administrative Information
Trustees, Annual Report including Directors, Report
4-9
Independent Examinerfs Report
10
Statement of Financial Activities
Balance Sheet
12
Notes to the Financial Statements
13-22

SOUTH WEST YOUTH MINISTRIES
TRUSTEES. ANNUAL REPORT INCLUDING DIRECTORS. REPORT
FOR THE YEAR TO 31ST AUGUST2024
Legal & Administrative Information
CHARITY NAME
South West Youth Ministries
REGISTERED CHARITY NUMBER
1086877
REGISTERED COMPANY NUMBER
03963476
REGISTERED ADDRESS
1 OE Mill Park Industrial Estate
White Cross Road
Woodbury Salterton
EX51EL
BOARD OF DIRECTORS
(Trustees)
Joel Preston (Chair)
Bridget Down
Ruth Flanagan
Joseph Mudzingwa
John Russell
Daniel Searle
Harriet Sharp
Rosemary Sowden
Esther Stansfield
COMPANY SECRETARY
Rosemary Sowden
EXECUTIVE DIREcfoR
Paul Friend
BANKERS
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
ME194JQ
INDEPENDENT EXAMINER
Mr M BJ Cronin MMT FCIE
Bowhill Bookkeeping Services
172 Newman Road
Exeter
EX41PQ

SOUTH WESTYOUTH MINISTRIES
TRUSTEES'ANNUAL REPORT INCLUDING DIRECTORS, REPORT
FOR THE YEAR TO 31ST AUGUST 2024
The Directors (Trustees) present their Annual Report together with the financial statements of South
West Youth Ministries for the year ended 31 st August 2024.
The financial statements have been prepared in accordance with the accounting policies set out on
pages 13-14. the Memorandum and Articles of Association dated 3rd April 2000, amended 16th
March 2001, 22nd May 2019 and July 2022, the Charities Act 2011 as amended by the Charities Act
2022 ,the Statement of Recommended Practice: Accounting and Reporting by Charities Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)
and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS 102) and the small Companies regime (section 419 (2) of the Companies Act 2006.
l. Structure Governance and management
Board of Directors rrrustees)
South West Youth Ministries was incorporated as a company limited by guarantee on 3rd April 2000
and registered as a charity on 151June 2001. The company was established under a Memorandum
of Association which established the objectives and powers of the charitable company and is
governed under its Articles of Association. In the event of the company being wound up members
are required to contribute an amount not exceeding £1.
South West Youth Ministries is directed by a Board of Directors. The members are people drawn
from local churches and various other sectors and appointed at the Charitys annual general
meeting. Their time is given voluntarily. Meetings are held at least quarterly and business is
conducted largely by discussion and consensus in the formal meetings.
The Directors (Trustees) who served during the year and up to the date of this report was approved
are as follows:
Joel Preston {Chairman}
Ruth Flanagan
Andrew Mulcock {resi8ned 30th Sept 2024)
Daniel Searle (from 12th Oct 2023)
Rosemary Sowden
Bridget Down
Joseph Mudzingwa
John Russell
Harriet Sharp
Esther Stansfield
Training and briefings on matters concerning the legal and operational aspects of the charity are
arranged from time to time, with inputs from, for example, Stewardship Services and ASIC
(Accrediting Body for International Students).
The Board takes responsibility for all policy decisions, The minutes of Board meetings constitute the
formal record of proceedings and decisions taken and approved by the Directors.
The Executive Director appointed by the Board of Directors carries out the day-to-day management
and affairs, together with the Staff Team. Staff Team members each have a special responsibility for
a particular area of the work.

SOUTH WEST YOUTH MINISTRIES
TRUSTEES. ANNUAL REPORT INCLUDING DIREcfoRS' REPORT
FOR THE YEAR TO 31ST AUGUST 2024
Risk Management
The trustees consider the major risks to which the charity is exposed when updating its strategic
plans. These include internal and external risks that, if occurring, would be likely to affect finance
and resources, staffing and other aspects of the work of the charity. The trustees are satisfied that
procedures and systems are in place to monitor and control these risks, to mitigate any impact that
they may have on the charity in its future operations.
2. Objectives and Activities
2.1 Vision and Mission Statement
South West Youth Ministries, vision is for every child and young person in the South West to
encounterjesus. know him and 'Live For More,.
SWYM'S Mission statement flowing out of this is equipping local churches through
Relational support and encouragement
Placement based training
Residentials and resources
SWYM have values to articulate how they want to act as we work out our vision. These are:
Christ Centred Living
Kingdom Focused Movement
Servant Hearted Community
Pursuing Excellence Together
2.2 Objects and Aims of South West Youth Ministries
SWYM aims are to be met through the following core activities..
Develop, sustain and serve local church. community and schools projects
Organize camps as a resource to projects and workers
Train and support youth workers through accredited and non-accredited courses and the
providing of relevant resources such as residential and mentorins courses.
Encourage and partner with similar organizations and works in other part5 of the UK.
Our five strategic goals are to:
Resource Evangelism
2. Resource Discipleship
3. Equip SWYM trainees
4. Equip SWYM Ministry Partners
5. Build Solid Foundations
13 Goals
Overthe next ten yearswe have set a target to growa community of 300 YCF workers, which includes
100 full-time trainees, supported by SWYM.
To achieve this over the next three years we have goals to grow our number of full-time trainees
across the region to a total of 60. We also are aiming to launch a new community for
youthlchildrenlfamilies workers across the region for sUPPOrt and to provide inspiration. This will
begin with a pilot year in 2025 with a group of approximately 20 YCF workers.

SOUTH WESTYOUTH MINISTRIES
TRUSTEES. ANNUAL REPORT INCLUDING DIREcfoRS' REPORT
FOR THE YEAR TO 31ST AUGUST 2024
2.4 Strategies
The main strategies for achieving the above objectives are:
Equipping SWYM Staff with the tools and experience to act as a resource for local projects
Developing Cluster groups as a support to local work providing training. networking and
idea sharing
Acting as a recruitment provider for local churches and projects enabling them together to
support a trainee
Developing an excellent training program that is relevant and
provides accredited qualifications
Support, organization and development of camps and events for young people that are
relevant and a resource to local churches
Ensuring that the ongoing financial stability of SWYM is maintained monitored and
developed
2.5 Public Benefit
When planning our activities for the year the trustees have considered the Commission's guidance
on public benefit and in particular, the specific guidance on charities for the advancement of religion.
To this end we are working hard to ensure that the work of SWYM will prove productive in ensuring
that as many young people as possible in our region will have opportunity to witness genuine
Christian faith lived out in their school and community. In planning our projects and activities the
trustees have complied with their duty in section 4 of the 2011 Charities Act to have due regard to
guidance published by the Charity Commission.
3. Achievements and performance
3.1 Activities during the year
As we reflect on another academic year in SWYM there is much to be thankful for. The year began
with an encouraging intake that included a number of 30-50 year olds beginning their courses
which was encouragin8 and added more depth and experience to the group. It was good to see
applicant numbers up after some years of lower numbers since just before COVID. We also
celebrated with those graduating with their degree in the summer who have all secured ministry
jobs.
The highlight of this year was SPREE SW because of the leap of faith we took in running this on our
own injune 2024 after Urban Saints pulled out of the event due to financial constraints. There was
a huge amount of work that had to be done behind the scenes from Insurance, Health and Safety,
building a bigger team of volunteers and so much more. It was amazing therefore to see the event
run so smoothly and with the largest attendance ever. We had 2500 on site with a growth of over
400 delegates from 2023. It was amazing to get so much positive feedback and to hear so many
stories of children and young people encounteringjesus for themselves.
We continued to run Activate residentials with Live Football. Geek Factory being fully booked and
Into the Wild growing and starting to become established. We had some wonderful stories of
young people engaging with faith and wanting to know more as they headed back to their
churches and groups with several having decided to followjesus. TAG conference was again fully
booked and saw a group of 125 15-19year olds with leaders for the weekend at Lee Abbey with
some great feedback and stories of young people growing in their faith, making decisions to be
baptised. A number of those who attended moved on to take part in the TAG Pioneers course

SOUTH WEST YOUTH MINISTRIES
TRUSTEES. ANNUAL REPORT INCLUDING DIRECTORS. REPORT
FOR THE YEAR TO 31ST AUGUST 2024
3. Achievements and performance
3.1 Activities during the year (continued)
fromJan-July with again some great feedback including young people starting Cu's in their schools
and leading their friends tojesus.
We continued to serve Satellites Youth Festival with the 'Transform' venue which was well received
as well as helping sUPPOrt the youth tent at Creation Fest. On top of these partnership projects,
we managed to continue to develop partnership with Exeter Diocese delivering 'Launchpad' to
help clergy in Devon start youth work in their parishes where there is currently nothing. This was
a great success and will hopefully open opportunities to help develop similar partnerships in other
Dioceses and denominations.
Finally, we have made some steps forward this year in launching a broader SWYM Community for
youth, children and families, workers across the region. Tim Funnell was appolnted with the goal
to develop a package off the back of our'mapping the Landscape, research a few years ago so that
we might try and combat isolation, poor line management, support and create connection and
community for those who lack access to this across the region.
4.Future plans
As we head into 2024125, we look forward to continuing to serve local churches across the SW as
they seek to reach out to children, young people and families.
The focus for this academic year is to launch a pilot year of the SWYM Community Project where
we will be providing a support package for Youth, Children and Families, workers across the region.
This pilot year will begin with a cohort of around 20 workers injanuary 2025 with the aim that this
group will help us shape and critique the package in readiness for a full launch in Jan 2026.
There are plans for a new activate residential called 'Made for More, a new residential for girls to
explore faith and identity, based in Cornwall. This will be on top of the other Activate residentials
currently running, We will look to launch a Plymouth wide area youth termly gathering for Christian
young people In partnership with local churches.
We will continue to recruit trainees based in local churches and will work hard to raise up young
leaders through TAG conference and Pioneers as well as through local gatherings of young people
across the region. Our hope is to identify young people in local churches and communities in the
SW in whom we can invest to enable them to explore serving children and young people full time
whilst studying with SWYM.
It is a stated aim to build on partnerships with organisations such as Youthscape, Creation Fest.
Moorlands and Scripture Union, Devon Christian Youth Camps and more as well as with
denominations in the region to help forge greater levels of unity across the area. This will include
partnering on Satellites, Creation Fest Youth Tent and DCYC Senior Mixed Camp.
Finally, we will be working to continue to grow and establish SPREE SW as an event with more
churches and an even fuller representation of each part of the SW region. Our hope is to maintain
the numbers from 2024 and if we could draw in another 1-200 delegates that would be excellent.
Lots to look fO￿ard to as we head into this new academic year.

SOUTH WEST YOUTH MINISTRIES
TRUSTEES. ANNUAL REPORT INCLUDING DIRECTORS, REPORT
FOR THE YEAR TO 31ST AUGUST 2024
5. Financial review
The charitable company shows a surplus in the year of £32,751 {2023- surplus £64,653).
Total income increased by 33% compared to 2023- this increase primarily due to the fees received
from the Spree SW festival which was the first time the charity had run this event on its own. Training
fees increased by 5% and income from grants and donations decreased by 13.6% compared to the
previous year.
Total expenditure increased by 46% compared to 2023- again most of this increase due to the Spree
SW festival costs. Employment costs increased by 10.9%. Management and administration costs
remained fairly stable.
The charitable companls funds therefore totaled £540,768 at 31 SIAugust 2024 of which £168,380 is
held in restricted funds.
5.1 Reserves Policy
Unrestricted reserves totalled £161,693 (excluding fixed assets) at 31SI August 2024. This covers
between 8 and 9 months unrestricted employment, management and administration costs.
It is the trustees decision to hold 6 months of employment. management and administration costs.
The SPREE festival will be run again in June 2025 and we are subject to the vagaries in the number
of bookings and find it expedient to hold reserves sufficient to cover any substantial reduction in
bookings. Once we can perceive a pattern over a number of years it may be possible to adjust our
stance.
6. Trustees and Volunteers
The trustees. who are direttors for the purpose of company law. who served on the Board during
the year and up to the date of this report, are set out on page 4.
We wish to acknowledge the very valuable contribution made by all our volunteers. Without the
help and support of this team we simply would not be able to achieve all that we have achieved.
7. Statement of Trustees. responsibilities
The trustees (who are also the directors of South West Youth Ministries) are responsible for
preparing the annual report and the accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under
that law the directors have elected to prepare the financial statements in accordance with United
Kingdom Generally Accepted Accounting Practice. Under company law the directors 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 for that period. In preparing these financial statements,
the directors are required to:
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charities SORP,.
makejudgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.

Soiml WEST YoufH MINISTRIES
TRUSTEES, ANNUAL REPORT INCLUDING DIREcfoRS' REPORT
FOR THE YEAR TO 31sr AUGUST 2024
7. Statement of Trustees. r•sponsibillties (continued)
The director5 are responsible for keeping adequate accounting records that are Sufficient to show
and explain the companys transactions and disclose with reasonable accurary at any time the
financial position of the charitable company and to enable them to ensure that the financial
statements comptry with the Companies Act 2006. They are also responsible for safe8uardiTTg the
assets of the charitable company and hence for taking reasonable steps for the preventlon and
detection of fraud and other irregularities.
This report which have been prepared in accordance with the provi
relating to small companies was approved by the trustees on .....
behalf by:
ion
in the Companies Act 2006
. and signed on their
el Preston. Chalr of Trujtees

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SOUTH WEST YOUTH MINISTRIES
I report on the accounts of the company for the year to 31S1 Au8USt 2024 which are set out on
pages 11 to 22.
Responsibilities and basis of report
As the charitys (rustees of the Company land also its directors fof the purposes of company law)
you are responsible for the preparation of rhe accounts in accordance with the requifements of
the Companies Act 20061'the 2006 Act,).
Having satisfied myself that the accounts of the Company are not requlred to be audited under
Pari 16 of the 2006 Act and are eligible for independent examinatlon, I report In respect of my
examination of your charitys accounts as carried out under section 145 of the Charities Act 2011
I'the 2011 Acfl. In carryin8 Out my examlnation I have followed the Direciions given by the Charity
Commission under section 145151 Ibl of Ihe 2011 Act. The charitls gross income exceeded
£250,000 and i am qualified to undertake the examinatlon by being a qualified member of the
Association of Accounting Techniclans and a Fellow of the Associatlon of Charity Independent
Examiners.
Independent examiner's statement
I have compleied my examination. I confirm that no marters have come to my attention in
conneciion with the examinarion giving me cause to believe,.
accounting records were not kept in respect of the Company as required by section 386
of Ihe 2006 act,. or
the accounts do not accord with those records,, or
3. the accounts do not comply with the accounting requlrements 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 independeni examination., or
4. the accounts have not been prepared in accordance with the methods and principles of
the siatement of Recommended Practice for accounting and reportin8 by charities
(applicable to charities preparin8 their accounts in accordance vvith the Financial
Reportins Standard applicable irs the UK and Republlc of Ireland {FRS 10211.
I have no concerns and I 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 understandin8 of the
accounis to be reached.
Mr M Cronin MAAT FCIE
Bowhill Bookkeeping Servlces
172 Newman Road
Exeter
EX41PQ C&
Date
TTrVX LO LS
10

¢k? ¢C*

sourH WEST YoirrH MINISTRIES
BALANCE SHEEr
AS AT 31sr AUGUST 2024
At31st
August
2024
At 31"
August
FIXED ASSErs:
Tangible assets
210.685
220,952
Debtors
Cash at bank and in hand
67,689
234.240
355.136
301.929
LIABILrnES:
Creditors..
Amountg falling duo wlthin one year
125.063)
114.864)
330,073
287.065
TOTAL NEfASSErs
540.708
508,017
THE FUNDS OF THE CHARrrY..
Re8tficled Income Fund8
Unre8lricted Funds
10
117,9eA
390,053
372388
TOTAL CHApJfY FUNDS
540.768
508,017
For the year endlng 31X Au8USt 2024, the charftable company was entitled to exemption from audit
under section 477 of the Companies Act 2IX)6 relating to small companies.
The notes on pages 13-22 form an integral part of these accounts.
Responslbllltles of ln￿tee8
{a) The members have not required the charitable company to obtsin an audit of its accounts
for the year in question in accordance with section 476 of the Companie5 ACL
{b) The trustees acknowledge their responsibilities for complying with the requirements of the
Companies Act with respett to accountin8 records and the preparation of accounts.
These financial statement5 have been prepared in accordance with the provisions applicable to small
companies 5ubjert to the small c
nies, regime and in accordance with FRS 102 and were
appri)ved by the trustees on........ ..
. and signed on their behalf by.
Joel Preston. Chalr of Trustees
12

SOUTH WEST YOUTH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST AUGUST 2024
I. ACCOUNTING POLICIES
a) Basis of Accounting
The financial statements have been prepared underthe historical cost convention with item5
recognised at cost or transaction value unless otherwise stated in the relevant notes to the
accounts.
The financial statements have been prepared with the Statement of
Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102) (effective 1 January 2019)- (Charities SORP IFRS 102)) and with the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102). The
financial statements have also been prepared with the Charities Act 2011 as amended by
the Charities Act 2022 and the small Companie5 regime (section 419 {2) of the Companies
Act 2006.
South West Youth Ministries meets the definition of a public benefit entity under FRS 102.
b) Tangible Fixed Assets
Assets costing less than £500 are not capitalised and are written off at the time of purchase,
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost
over their expected useful economic lifetime at the following rates.
Freehold Propety- 2q6 on a straight line basis
Fixtures and Fittings - 15% on a straight line basis
Computer Equipment- 33.3% per annum on a straight line basis
Motor Vehicles- 25% per annum on a straight line basis
c) Debtors and Prepayments
Debtors are recognised at their cash value expected to be received. Debtors include grants
that are recognised as income as per the conditions of the Charity SORP and training fees
invoiced for the next financial year but not yet received. The gift aid debtor is recognised
and included as income when there is a valid declaration from the donor. Prepayments are
valued at the amount prepaid net of any trade discounts due.
d) Cash at bank
Cash at bank includes short term highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the deposit or similar account.
e) Creditors
Creditors are recognised when the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due
to settle the obligation can be measured or estimated reliably. Creditors are normally
recognised at their settlement amount after allowin8 for any trade discounts due.
f) Deferred Income
The charity has included training fees, camp fees and spree fees received in advance for
training courses and camps in the next financial year as deferred income.
13

SOUTH WESTYOUTH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST AUGUST 2024
ACCOUNTING POLICIES (continued)
g) Income
All income is included in the Statement of Financial Activities when the charity is legally
entitled to the income, receipt is probable and the amount can be quantified with reasonable
accuracy.
Donations are recognised when received by or on behalf of the charity. Gift aid tax refunds
are recognised on a receivable basis. Gift aid receivable is included in income when there is
a valid declaration from the donor. Any gift aid amount recovered on a donation is
considered to be part of that gift and is treated as an addition to the same fund as the initial
donation unless the donor or the terms of the appeal have specified otherwise.
h) Volunteer help
The value of any voluntary help received is not included in the accounts but Is described in
the trustees, annual report
i) Expenditure
Expenditure is included on an accruals basis.
Raising funds is expenditure incurred on increasing the donation base of the charity.
Charitable expenditure is costs incurred by the charity in the delivery of its activities and
services for its beneficiaries.
j) The Funds of the Charity
Funds held by the charity are..
Unrestrlcted Funds
These are funds that are not subject to any restrictions regarding their use and are available
for application within the charitable objects for the general purposes of the charity.
Restrlcted Income Funds
These are funds which can only be used for particular restricted purposes within the objects
of the charity. Restrictions arise when specified by the donor or when the funds are raised
for particular purposes.
k) Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
l) Going concern
The trustees consider there are no material uncertainties about the charitys ability to
continue as a going concern.
Z LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee and has no share capital. The liability of each
member in the event of winding up is limited to £1.
14

SOUTH WESTYOUTH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST AUGUST 2024
3. TAXATION
As a charity, South West Youth Ministries is exempt from tax on income and gains falling within
sections 466 to 493 of the Corporation Tax Act 2010 to the extent that these are applied to its
charitable purposes. No tax charges have arisen in the charity.
4. EMPLOYMENT COSTS
Total remuneration for the year amounted to £287,030.
Gross salaries amounted to £263,147. Employer NIC (less £5,000 employment allowance)
amounted to £13,357. Pension payments amounted to £10,526.
There were no employees with remuneration above £60,000.
The average number of employees for the year was 15.
Gross salaries remunerated to key management personnel totalled £46,894. Employer nic for
key management personnel totalled £4,388. Employers. Pension costs for key management
personnel totalled £1,635. In addition, £10 was paid to key management personnel for mobile
phone expenses and £3,494 repaid to key management personnel for travel and subsistence
and training expenses.
5. TRUSTEES, REMUNERATION AND EXPENSES
No remuneration directly or indirectly out of the funds of the charitable company was paid or is
due for the year to any trustee or to any person or persons known to be connected to any of
them.
No reimbursement of expenses in respect of services provided has been made or is due to be
made to any of the trustees in respect of the year.
The charitys insurance includes trustee indemnity insurance.
TANGIBLE FIXED ASSETS
Fraéhold Proparty
Flxtures &
Flttlngs
Comput•r
equlpment
Motor
Vehlcles
Totsl
COST
Ai 1 September 2023
Additions
238,028
15,207
4,789
2,347
12,745
270.769
2,347
At 311t August 2024
238,028
15,207
7.136
12,745
273.116
DEPRECIATION
At I Seplember 2023
Charge for year
33,786
4,761
8,155
2,281
1,863
2,376
6,613
3,186
49.817
12,604
At 31BI August 2024
37,947
10,436
4,239
9,799
62,421
NET BOOK VALUE
At 3181 August 2024
200,081
4,771
2,897
2,946
210.695
At 31￿ August 2023
204,842
7,052
2.926
6.132
220.952
15

SOUTH WESTYOUTH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST AUGUST 2024
7. DEBTORS
2024
2023
Granls & Donations
Training fees
Income tax recoverable (Gift Aid)
Other Debtors
Prepayments
34,000
9,241
1.201
1,993
4.351
58,500
5.297
1,223
2,669
50.786
67,689
8. CREDITORS: Amounts falling due wlthin one year
2024
2023
Payroll taxes and social security
Deferred Income
Other creditors and accruals
5.574
4.635
14.854
4,725
7,280
2,859
25.063
14,864
9. DEFERRED INCOME
2024
2023
Balance at 131 September 2023
Amount released to incoming resources
Amount deferred in the year
7.280
{7.280)
4.635
5.235
15.2351
7,280
Balance at 311t August 2024
4.635
7,280
16

SOUTH WESTYOUTH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST AUGUST 2024
10. RESTRICTED FUNDsnRANSFERS BETWEEN FUNDS
Transfers
From
Unrestricted
Funds
Fund
Balances
BIFonNard
Fund
Balances
C/FonNard
Income Expenditure
WiltshirelGloucstershire Area
Evangelism Training
Sport
Spree SW
Activate Residentials etc
TAG
Live Football
Guernsey
Gathering
Dorset
Trainees
Truro Diocese Research
76.173
8,373
26,000
120,7791
17.1421
12201
1206,1491
111,5391
110.3151
112,0001
12,000
180
69.394
13,231
7.168
10.176
270,801
71,820
1,363
14,645
11,500
6.000
1.386
4J30
1,327
4.012
1,695
9.000
173
18,6091
11581
13,7211
19,7001
15,4911
1,403
2,923
5,279
8,700
5.000
1,000
491
Total Funds
117,964
331,032
1283.8231
3.207
168.380
Wiltshire/Gloucestershire Area
Further grants totaling £26,000 were given alongside the brought forward amount of
£76,173 to develop the charitys work in the WiltshirelGloucestershire area. A transfer of
£12,000 was made to the Evangelism restricted fund from a grant given from thejerusalem
Trust. A balance of £69.394 was carried forward.
Evangelism
£7,142 was spent during the year on evangelism training, £12,000 was received as a
transfer from the WiltshirelGloucestershire area restricted fund being a grant given from
the Jerusalem Trust. A balance of £13,231 was carried forward.
Sport
£220 was spent from this fund in the year, clearing the opening balance of £40. with a
transfer of £180 from the unrestricted funds.
Spree SW
Income received totaling £270,801 were given to cover the costs of thi5 annual youth
event. Costs of £206,149 meant there was a balance carried forward of £71,820 to be
spent on the current yearfs youth event.
Activate Residentials/Day Events/Resources
£11,539 was spent for the above. A transfer of 1,363 was made from the unrestricted
funds as expenditure exceeded the amounts in the fund.
17

SOUTH WESTYOUTH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST AUGUST 2024
10. RESTRICTED FUNDsftRANSFERS BETWEEN FUNDS (continued)
TAG Project
Grants and donations, gift aid and camp fees totaling £14,645 were given towards this
project in which SWYM provides young adults in the 17-21 age bracket with leadership
training under the name of TAG (Transforming A Generation). Costs totaled £10,315,
leaving a balance carried forward of £4,330.
Live Football
A grant of £1,500 was returned to the grant provider as this fund is now closed. A transfer
of £173 was made from the unrestricted funds as the grant exceeded the opening balance.
Guernsey
A grant of £6,000 was given to this work during the year. Costs amounted to £8,609 leaving
a balance carried forward of £1,403.
Gathering
Camp fees received in the year totalled £1,386 with costs of £158, leaving a balance carried
forward of £2,923.
Dorset
£3,207 was spent in the year from a brought forward balance of £9,000 to develop the
charitys work In Dorset.
Trainees
Grants and donations totalling £8,700 were given during the year. Costs exceeded the
amounts given, so a transfer of £1,000 was made from the unrestricted funds.
Truro Diocese Research
A grant totalling £5,000 was given by Truro Diocese to explore how the charity can assist
churches in the diocese to develop their youth work.
18

SOUTH WESTYOUTH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST AUGUST 2024
10. RESTRICTED FUNDsttRANSFERS BETWEEN FUNDS (continued)
Previous Year
Transfers
From
Unrestricted
Funds
Fund
Balances
BIForward
Fund
Balances
C/FonNard
Income Expendlture
WiltshirelGloucstershire Area
Evangelism Training
Sport
Spree SW
Activate Residentials etc
Geek Factory
Cornwall
TAG
Live Football
Guernsey
Gathering
Dorset
Satellites
Trainees
6,663
88,000
8,500
118,4901
1127
18351
120.7581
113,3041
13,8071
113,7631
{18,8611
76,173
8,373
40
7.168
10.176
875
27.926
23.480
3,434
5,000
15.824
373
8,763
3,037
1.327
6,000
526
1.327
4,012
1,695
9.000
11,988
14311
1,600
9,000
1.315
895
11,534}
19001
219
Total Funds
38,871
161,494
194,7981
12,397
117,964
11. ANALYSIS OF FUNDS
Unrnstrlctod
Funds
R88tricted
Funds
Totals
Fixed Assets
Current Assets
Current Liabilities
210,695
168.589
16,896
210.695
355.136
125.0631
186.547
118,1671
Net Assets
372,388
168,380
540.768
Previous Year
Unrestricted
Funds
Restricted
Funds
Totals
Fixed Assets
Current Assets
Current Liabilities
220,952
178.015
18,9141
220.952
301.929
114.8641
123,914
15,9501
Net Assets
390,053
117,964
508.017
19

SOLrrH WEST YOUTH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST AUGUST 2024
IZ RELATED PARTY TRANSACTIONS
There were no related party transactions during the year.
A total of £4,355 donation income was given by trustees and related parties without
conditions during the year.
13. ACCOUNTING & INDEPENDENT EXAMINATION
£1,580 was paid for the charitys independent examination in the year which included an
element for accounts preparation.
20

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