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2021-09-30-accounts

(A charitable company limited by guarantee)

ANNUAL REPORT AND GROUP FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 30[TH] SEPTEMBER 2021

Company Number: 4364093 Charity Number (England and Wales): 1090515 Charity Number (Scotland): SC043473

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

CONTENTS

Reference and administrative details 2
Trustees’ annual report 3 – 11
Auditor’s report 12 - 15
Consolidated Statement of financial activities 16
Consolidated and Charity Balance sheet 17 -18
Consolidated Cash flow statement 19
Notes to the financial statements 20 - 36

Contents

1

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

REFERENCE AND ADMINISTRATIVE DETAILS

TRUSTEES: Paul Sherrill
Sundeep Salins
Liam McCormick
Paul Woodman (Chairman)
Brooke Johnston
SECRETARY: Benedict Sutton
EXECUTIVE TEAM: Sonia Mawhinney
Benedict Sutton
REGISTERED OFFICE: Kestin House
45 Crescent Road
Luton
LU2 0AH
REGISTERED NUMBERS: Company: 4364093
Charity (England and Wales): 1090515
Charity (Scotland): SC043473
AUDITOR: Mercer & Hole
Chartered Accountants
Batchworth House
Batchworth Place
Church Street
Rickmansworth
Hertfordshire WD3 1JE
BANKERS: CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ

Reference and Administrative Details

2

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

The trustees present their report and the audited financial statements of the group and charity for the year ended 30th September 2021, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) '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 (FRS102) (effective 1st January 2019).

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 31[st] January 2002 and registered as a charity in England and Wales on 11[th] February 2002. The organisation was also registered with the Office of the Scottish Charities Regulator on 8[th] October 2012. The company was incorporated under a Memorandum of Association which established the objects 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.

Recruitment and Appointment of the Board of Trustees

Trustees are usually appointed for a period of three years. The number of trustees closest to one third retire by strict rotation and, being eligible, may offer themselves for re-election at the next meeting of the board of trustees. Care is taken to ensure that the board of trustees includes experience in financial, legal and other relevant fields.

The trustees who served during the year were as follows:

Paul Sherrill Sundeep Salins Liam McCormick Paul Woodman (Chairman) Brooke Johnston

Induction and Training of Trustees

New trustees are given an introduction to the work of the charity by the chairman of the trustees and the executive team. Trustees are kept informed through regular internal reports (including financial reports) and samples of printed material. All trustees are encouraged to visit the activities of the charity as well as attend events that the charity organises. On appointment trustees are informed of their obligations in law as a trustee of a charity, and are encouraged to acquaint themselves with the publications and guidance available from the Charity Commission.

Trustees’ Annual Report

3

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Organisational Structure

The board of trustees meet at least twice a year and oversee finances, the present work and the future development of the charity. They have regard for the advice of the executive team, to whom the management of the work of the charity and the day-to-day operational decisions have been delegated. The remuneration of the executive team is approved by the trustees and is reviewed annually and normally increased in accordance with average earnings. The trustees benchmark the executive team pay against pay levels in other charities of a similar size and activity to ensure that the remuneration set is fair and appropriate. The remuneration of all other staff is approved by the executive team within annual parameters set by the trustees. The executive team withdraw from any discussion of their own terms of service.

The trustees have reviewed the Charity Governance Code, published in 2017 by the external Good Governance Steering Group body. The Code centres around the principles of organisational purpose; leadership; integrity; decision-making, risk and control; board effectiveness; diversity; openness and accountability. The trustees are encouraged that the Code affirms many governance principles that already underpin the way Young Life International operates, and the principles of the Code form the basis of ongoing governance development within Young Life International.

Risk Management

The Trustees recognise that they are ultimately responsible for risk management and the effectiveness of the internal control processes of Young Life International. The major risks to which Young Life International is exposed, as identified by the Trustees, are reviewed regularly, and we are continuously improving our systems and procedures to manage them. The Board of Trustees has considered and approved the risk appetite and risk management framework of Young Life International. It has charged the executive team with the task of ensuring that internal controls and the exposure to risk is reviewed on a regular basis, who are supported by professional advisers as appropriate.

The systems and procedures of Young Life International are designed to inform and manage risk and to provide reasonable assurance against material misstatement or loss. Senior management ensure that the culture and process of risk management are appropriately embedded across the organisation through the effective implementation of policies and processes. Risk registers have been developed at corporate and functional levels to inform the approaches of mitigating our strategic, operational, financial and compliance risks.

Risk reviews are conducted regularly, and the trustees consider that there are no major risks to the charity’s continued operations in the foreseeable future. Camping and service projects are major costs, but the bulk of camping fees come from teenagers taking part which minimises the financial risk. Donations are a substantial part of the charity’s income. These are primarily from a wide range of small donors making regular donations which minimises the risk of a sudden drop in income. The charity has completed a comprehensive review of its policies and procedures and will update them periodically.

Trustees’ Annual Report

4

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Risk Management (continued)

Other principal risks to the Charity include:

Objectives and Activities

The objects, for which the Charity is established, as stated in its Memorandum of Association, are the advancement of Christianity among children and young people by the promotion of an evangelistic Christian testimony in the United Kingdom. The Charity works with young people, typically aged between eleven and eighteen, across England, Wales, Scotland and Northern Ireland.

Young Life International engages with young people across the UK to provide hope, meaning and purpose. Through “contact work” (community detached work), regular youth clubs, summer camps and overseas mission trips, we draw alongside young people relationally, earn the right to be heard, and share the transforming message of Jesus with them. However they choose to respond, we walk alongside them through the ups and downs of teenage life in modern Britain, whether that's in paramilitary communities in Northern Ireland, working with teenage mums in Dundee or children of High Net Worth families in expat communities on the outskirts of London.

We provide stable pastoral and spiritual support for teenagers as they move through adolescence, and help them face issues such as mental health, bullying, the dangers of social media, challenging family situations, alcohol, drugs, teenage pregnancy, racism and youth crime. We find that all the young people we serve have a deep longing for caring adults who take a genuine interest in their needs. We work closely with local churches and help young people who find faith through our ministry to get plugged into local worshipping congregations that can help them develop along their Christian journey.

Trustees, along with the executive team, have referred to the Charity Commission’s general guidance on public benefit when reviewing the charitable aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Trustees’ Annual Report

5

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Achievements and Performance

We have continued to pivot between online, in-person and hybrid youthwork delivery, and our local field teams have relentlessly sought creative ways to engage with young people in a Covid compliant manner. As Government health restrictions have varied, our approach to enabling ministry has centred around careful risk assessment, clear communication, and creative solutions.

Although we had to cancel residential camps at our Cairn Brae site for the second year running, we ran a programme of 15 day camps across the UK and one residential camp on the Isle of Wight, resourced by 167 volunteer leaders. We reached a total of 527 young people, which is a 52% increase on last year, where more stringent Covid restrictions limited our hybrid summer camping programme to 346 young people. In addition, this summer we welcomed 174 family members to our Cairn Brae site for family days.

We see every day how it is all too easy to search for fulfilment in the wrong places. Reports made to our child protection team of external safeguarding issues involving Young Life teenagers have grown 17% year-on-year over the last five years, with suicide, self-harm and social media related cases making up over one third of our child protection caseload. Although the rate of cases has dropped during the Covid-19 pandemic, we fully anticipate this meeting or exceeding historic levels of demand once in-person youth ministry is fully operational again. When young people have been at greatest risk of surrendering their life or their dignity, we have been there to help them survive, laugh, and flourish throughout self-isolation.

The strength of our ministry depends on the strength of our volunteers. In March, we ran a hugely successful online training evening for 429 of the adults who serve young people or are otherwise connected to the ministry of Young Life International throughout the UK. Through Biblical teaching, prayer sessions, and lots of fun, the event empowered the Charity’s grassroots volunteer leaders and local committee members with purpose, vision, and encouragement. This is about treble the size of the in-person gatherings we have run in previous years.

As we reflect on the upheaval that we have all faced across so many elements of our lives, we are particularly grateful for our staff. We are thankful that:

Trustees’ Annual Report

6

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Achievements and Performance (continued)

Throughout our journey living amidst the realities of the Covid-19 pandemic, we have kept the needs of young people at the centre of our focus. Every decision to cut or postpone ministry provision was taken with a heavy heart and driven by realities at a local level where we were either prevented from engaging with young people due to Government restrictions, or funding had dropped off. We utilised the Government’s Coronavirus Job Retention Scheme for eligible employees to keep youth ministry going through this turbulent period.

We welcome the report by Danny Kruger MP following the Government consultation in 2020 over postlockdown recovery for the charitable sector; particularly, his call for greater cooperation between faith communities and the public sector in addressing big social challenges, collaboration with technology companies to develop charities’ digital infrastructure, and a new Community Recovery Fund to help revitalise the sector.

We continue to engage the services of a variety of professionals to assist in the development of legal and administrative policies and procedures. Over the course of the year, several key operational and IT systems and procedures have been improved.

Growth Performance

Although we have continued to develop ministry across the UK, the longevity of the pandemic and its associated restrictions has affected the extent of ministry that we have been able to sustain. Whilst our core growth metrics show a dip this year compared to 2020 figures, this is a short-term, Covidrelated issue that we anticipate being reversed once field ministry momentum picks back up and residential camps get reinstated across the board.

Financial Review

In the twentieth period of operation the charity received funds of £2,313,933 (2020: £1,821,640) of which £1,847,202 (2020: £1,522,607) was raised as voluntary income. Expenditure in the twelve-month period was £1,968,155 (2020: £1,730,289). The charity continues to be reliant on the generosity of its supporters.

During the period the charity employed sixty-five full and part-time staff, enjoyed the services of seven Young Life (US) expatriate employees and utilised the services of financial, legal and IT consultants. The charity is also heavily reliant on the goodwill and the variety of skills demonstrated by its many volunteers.

Trustees’ Annual Report

7

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Financial Review (continued)

The net result for the period was a surplus of £345,778 (2019: £91,351) resulting in a balance carried forward of £719,580 (2020: £373,802). This balance includes £210,875 (2020: £119,395) in restricted funds.

Young Life International made donations to Young Life US of £10,145 (2020: £23,500) during the period.

Key Management Personnel Remuneration

The Key management personnel of the charity comprise the UK Director and the Operations Director. Their remuneration is set in line with remuneration for similar roles in other charitable organisations.

Fixed Assets

The trustees do not include funds held as fixed assets when calculating the level of reserves thus enabling the board of trustees to truly reflect the value of general free reserves in the accounts.

Reserves Policy

The Charity has a Reserves Policy to promote sound financial stewardship, build its resilience and enable it to thrive in the years ahead, in accordance with Charity Commission guidelines. The Policy seeks to guard against material income loss and to plan prudently for the worst-case scenario of a major income fall that would necessitate closure of the Charity. The approach focuses on local financial stewardship, with each area of the Charity charged with raising its own funds and encouraged to have in reserve an amount equivalent to between three and six months unrestricted fixed core costs. The sum of area level reserve requirements equate to the reserve requirements for the Charity as a whole. Based on this twelve-month period, the Charity’s target reserves range would have been £225,000 to £455,000. Note that the free reserves are £287,201 (2020: £159,904). We were successful in achieving a reserves level within our target range, which has helped strengthen the resilience of the Charity. Note that, because of the localised reserves model, the actual free reserves figure includes funds designated at a local area level that are not immediately available to be repurposed. Despite this limitation, the trustees are satisfied that the Charity held a prudent level of actual reserves at the year-end, in view of the challenges and uncertainties that lie in the year ahead. The trustees regularly monitor reserves levels throughout each financial year.

Principal Funding Sources

The Charity is heavily reliant on donations from the general public. Many supporters of the Charity donate regularly via standing order. This provides a strong and stable base for future development. The remaining donated income comes from ad-hoc donations and other funding sources which includes grants from charitable trusts. The Charity seeks to maximise the potential of donated income by securing a gift aid declaration where possible, which increases the value of the donation by 25%. While there is significant fee income from the camp and service projects, these activities, along with the youth clubs, could not take place without the generosity of regular and ad-hoc donors. Fundraising is primarily carried out by field staff and local committees.

Fundraising Disclosures

Fundraising provides income so that we can resource and support our local area ministry activities, as well as subsidise camp places for those in financial need. The majority of donations are raised from private individuals, which is supplemented by grants from foundations.

Trustees’ Annual Report

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Fundraising Disclosures (continued)

We follow the principles of the Fundraising Code set out by the Fundraising Regulator. Most of our fundraising activity is carried out by soliciting donations within highly trusted relationships between field staff and donors. Except for IT systems that retain donor records and manage email campaigns, we do not outsource any aspect of our fundraising activities to third parties. Only those staff and volunteers inside the organisation are permitted to fundraise on our behalf, and our conduct expectations upon those individuals are extremely high. Every employee and volunteer who fundraises for the Charity is accountable to their line manager for their actions. In addition, our internal Fundraising Coach champions best practice among our teams. We are proud to have had no reported complaints over any of our fundraising practices to date, but we are not complacent, and are poised to follow our complaints handling process should the need arise.

Everything possible is done to meet the needs of current and potential supporters, including protecting all vulnerable people, and handling donor data with care and in accordance with our data protection arrangements. In light of legislative changes to data privacy, we have taken comprehensive measures to inform every contact of our updated Privacy Notice, and to obtain applicable consent in order to continue fundraising communications with donors and supporters. We are always conscious of minimising the costs of fundraising and we continue to deliver value for money in all our charitable activities.

Plans for Future Periods

We have found that Covid-19 has exacerbated the needs that young people already have - to belong, to be heard, to find hope. Although the effects of the pandemic have considerably eroded our finances, and the sustained nature of youth sector restrictions has temporarily muted the extent of our impact, the Covid-19 season has stoked our hunger to serve even more young people as restrictions allow. We are mindful of the significant challenge in the current climate of rebuilding ministry momentum and raising the level of funding to resource this vision, but remain cautiously optimistic for the year ahead.

Despite all the change in society today, the core aims of the Charity remain unchanged and are consistent with the original principles for ministry established 80 years ago by Young Life in the United States. The global Young Life organisation is drawing towards the conclusion of its 5-year strategic initiative called “FORWARD”, and the UK Charity is actively engaged with developing the successive strategic plan. We have therefore set our principal objectives around achieving strategic growth in the following areas:

Trustees’ Annual Report

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Plans for Future Periods (continued)

These objectives will be enhanced by further, targeted initiatives:

An important factor in achieving these objectives is to ensure that future developments are sustainable. To this end we have developed the rigour of our budgeting practices to help ensure that costs are fully weighed before committing charitable funds, and that spending operates within budgeted limits and financial controls.

The impact of uncertainties due to Britain exiting the European Union on the Charity

The Trustees have considered the impact of the withdrawal of the United Kingdom from the European Union (Brexit) and have undertaken a Brexit impact assessment. The Trustees are monitoring events and their potential impact on the Charity against their analysis, however at this stage Brexit is not expected to have a significant impact on the Charity.

Trustees’ Annual Report

10

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF YOUNG LIFE INTERNATIONAL

Opinion

We have audited the financial statements of Young Life International (the ‘parent charity’) and its subsidiary (the ‘group’) for the year ended 30 September 2021 which comprise the Consolidated Statement of financial activities, the Consolidated and Charity Balance, the Consolidated Cash flow statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Statement of Financial Activities

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In light of the knowledge and understanding of the group and the parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report included within the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Statement of Financial Activities

13

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Responsibilities of Trustees

As explained more fully in the trustees’ responsibilities statement set out on page 11, the trustees (who are also the directors of the parent charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 44(1)(C) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. These included, but were not limited to, the Companies Act 2006, Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 6 & 8 of the Charities Accounts (Scotland) Regulations 2006, and tax legislation.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate entries including journals to overstate income or understate expenditure and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

Statement of Financial Activities

14

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed noncompliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non- compliance and cannot be expected to detect noncompliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of the audit report

This report is made solely to the company’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body for our audit work, for this report, or for the opinions we have formed.

Jolene Upshall (Senior Statutory Auditor) for and on behalf of Mercer and Hole Chartered Accountants and Statutory Auditor Batchworth House, Batchworth Place Church Street Rickmansworth Date: 2 March 2022 Hertfordshire WD3 1JE

Statement of Financial Activities

15

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCOPORATING THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR TO 30[TH] SEPTEMBER 2021

Note
INCOME FROM:
Donations and legacies
6
Charitable activities
7
Activities for raising funds
Trading activities
8
Fundraising events
Investments
TOTAL INCOME
EXPENDITURE ON:
Raising Funds
Operating costs of trading activities
8
Fundraising Costs
9
Charitable activities
10
TOTAL EXPENDITURE
Net income/(expenditure)
Transfers between funds
19
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
1,166,137
10,721
449,352
725
35
1,626,970
418,660
66,694
888,396
1,373,750
253,220
1,078
254,298
254,407
508,705		 Restricted
Funds
£
681,065
5,898
-
-
-
686,963
14,343
-
580,062
594,405
92,558
(1,078)
91,480
119,395
210,875		 2021
Total
£
1,847,202
16,619
449,352
725
35
2,313,933
433,003
66,694
1,468,458
1,968,155
345,778
-
345,778
373,802
719,580		 2020
Total
£
1,522,607
22,724
271,350
2,466
2,493
1,821,640
387,127
61,944
1,281,218
1,730,289
91,351
-
91,351
282,451
373,802

There were no recognised gains and losses for 2021 or 2020 other than those included in the Consolidated Statement of Financial Activities

There was no other comprehensive income for 2021 (2020: £nil).

Statement of Financial Activities

16

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

CONSOLIDATED AND CHARITY BALANCE SHEET AS AT 30[TH] SEPTEMBER 2021

Note
FIXED ASSETS
Tangible assets
14
Investments
15
CURRENT ASSETS
Stock
16
Debtors
17
Cash and cash equivalents
TOTAL CURRENT ASSETS
CREDITORS: amounts falling due
within one year
18
Net current assets
Total assets less current liabilities
Total net assets
FUNDS:
Unrestricted funds
19
Restricted income funds
19
Total funds		 Group
2021
£
60,194
-
9,089
37,417
809,667
856,173
196,787
659,386
719,580
719,580
508,705
210,875
719,580		 Group
2020
£
60,717
-
5,691
22,395
475,242
503,328
190,243
313,085
373,802
373,802
254,407
119,395
373,802		 Charity
2021
£
-
-
-
21,031
544,193
565,224
67,148
498,076
498,076
498,076
287,201
210,875
498,076		 Charity
2020
£
-
-
-
21,893
311,953
333,846
68,890
264,956
264,956
264,956
159,904
105,052
264,956

The notes on pages 20 to 36 form an integral part of these financial statements.

Balance Sheet

17

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30[th] SEPTEMBER 2021

Cash flows from operating activities
Net income/(expenditure) for the financial year
Adjustments for:
Depreciation of tangible assets
Interest received
Decrease in stock
(Increase) in trade and other debtors
(Decrease)/Increase in trade and other creditors
Cash from operations
Cash flows from investing activities
Purchase of tangible assets
Interest received
Net cash from investing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at start of year
Cash and cash equivalents at the end of the year
 2021
£
345,778
27,332
(35)
(3,398)
(15,022)
6,544
361,199
(26,809)
35
(26,774)
334,425
475,242
809,667
 2020
£
91,351
25,786
(2,493)
3,294
(8,629)
85,286
194,595
-
2,493
2,493
197,088
278,154
475,242

“Cash and cash equivalents” consist entirely of “Cash at bank and in hand”.

Cash Flow Statement

19

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

1 GENERAL INFORMATION

Young Life International (YLI) is a company limited by guarantee, incorporated in England and Wales. The address of its registered office and principal place of business is disclosed on page 2.

The principal activity of the charity is the advancement of Christianity among children and young people by the promotion of an evangelistic Christian testimony in the United Kingdom.

The financial statements are presented in Sterling and this is the functional currency of the Group and Charity.

2 ACCOUNTING POLICIES

2.1 Basis of preparation

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 (FRS102) (effective January 2019) – (Charities SORP (FRS102)), and the Companies Act 2006.

YLI meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

2.2 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.

2.3 Basis of consolidation

The statement of financial activities and balance sheet consolidate the financial statements of the charity and its wholly owned subsidiary, YLIM Ltd (YLIM). YLI exercises control over YLIM by being its sole member and by a YLI trustee also sitting as a director on the YLIM board.

No separate Statement of Financial Activities is presented for the charity as permitted by Section 408 of the Companies Act 2006. The net movement in funds dealt with in the charity’s Statement of Financial Activities for the year ended 30[th] September 2021 was £233,120 income (2020: £80,106 income).

2.4 Going concern

The financial statements are drawn up on the going concern basis which assumes that the charity will continue in operational existence for the foreseeable future. The trustees have given due consideration to the working capital and cash flow requirements of the charity. The trustees consider the charity’s current and forecast cash resources to be sufficient to cover the working capital requirements of the charity for at least 12 months from the date of signing the financial statements.

Notes to the Financial Statements

20

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

2.4 Going concern (continued)

The trustees have separately considered the uncertainty as to the future impact of COVID-19 on the going concern assessment. To date, there has been no significant adverse overall impact on the charity’s income and expenditure, however the trustees cannot predict the longer-term impact of the crisis. The trustees do not consider there to be a material uncertainty arising from the specific downside scenario impact of the crisis on the charity’s income, expenditure and cashflows.

2.5 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objects of the charity and which have not been designated for other purposes. The charity’s general fund may be used by the charity at its discretion to further its stated charitable objectives.

Restricted funds are funds which are to be used in accordance with specific instructions imposed by donors or which have been raised by the charity for specific purposes. The cost of raising and administering said funds are charged against that specific fund. The movements on each of the individual restricted funds are set out in the notes to the financial statements.

2.6 Income

Income is recognised in the Statement of Financial Activities (SoFA) when:

2.7 Expenditure

All costs including support costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on the basis of an estimate of the proportion of time spent by staff on the activity.

All expenditure and liabilities are included on an accruals basis and recognised when there is a legal or constructive obligation to pay out resources.

2.8 Grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Notes to the Financial Statements

21

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

2.9 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Statement of Financial Activities.

2.10 Tangible fixed assets and depreciation

Tangible fixed assets for use by the group are capitalised if they can be used for more than one year and cost at least £1,000. They are valued at cost or a reasonable value on receipt.

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

Equipment

Straight line over 5 years

2.11 Investments

Investments in subsidiary undertakings are included at cost less any provision for impairment.

2.12 Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2.13 Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.14 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.15 Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.16 Current taxation

The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.

The subsidiary current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Notes to the Financial Statements

22

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

2.17 Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

3 JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In applying the company’s accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

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, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

The key estimates and assumptions made in these accounts are:

Notes to the Financial Statements

23

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

4 AUDITOR’S REMUNERATION

Fees payable to the company's auditor for the audit of the groups’ annual financial statements totalled £5,880 (2020: £5,700). Fees payable to the Company's auditor for non-audit services totalled £1,340 (2020: £nil).

5 FINANCIAL PERFORMANCE OF THE CHARITY

The consolidated statement of financial activities includes the results of the charity's wholly owned subsidiary, YLIM Ltd which operated the Loch Monzievaird site.

The summary financial performance of the charity alone is:

Income
Gifts from subsidiary company
Costs of raising funds
Expenditure on charitable activities
Net income/(expenditure)
Total funds brought forward
Total funds carried forward
Represented by:
Unrestricted funds
Restricted funds		 2021
£
1,751,890
-
1,751,890
66,694
1,452,076
233,120
264,956
498,076
287,201
210,875
498,076		 2020
£
1,434,147
-
1,434,147
61,944
1,292,097
80,106
184,850
264,956
159,904
105,052
264,956

Notes to the Financial Statements

24

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

6 DONATIONS, GRANTS AND LEGACIES

Donations
General donations
Gift Aid donations
Income tax recoverable
Donated services
Donated software
Government grants
Scottish government grants
Coronavirus Job Retention Scheme		 Unrestricted
Funds
£
651,127
111,515
28,330
239,522
4,200
1,034,694
73,780
57,663
1,166,137		 Restricted
Funds
£
455,705
94,575
24,435
-
-
574,715
-
106,350
681,065		 2021
Total
£
1,106,832
206,090
52,765
239,522
4,200
1,609,409
73,780
164,013
1,847,202		 2020
Total
£
931,082
187,523
50,303
217,709
4,200
1,390,817
36,720
95,070
1,522,607

During the year the charity benefited from the services of seven (2020: seven) staff seconded from Young Life US (see note 21). The trustees estimate that the value of these staff to the charity was £249,667 (2020: £241,209) based on UK open market rates. The UK charity has made voluntary payments during the period towards the US costs of these staff amounting to £10,145 (2020: £23,500). The trustees therefore estimate that the charity is receiving donated services of £239,522 (2020: £217,709).

7 INCOME FROM CHARITABLE ACTIVITIES

Camps and service project
Local youth work
Volunteer training
Office rental		 Unrestricted
Funds
£
7,241
3,480
-
-
10,721		 Restricted
Funds
£
5,898
-
-
-
5,898		 2021
Total
£
13,139
3,480
-
-
16,619		 2020
Total
£
13,123
1,566
8,035
-
22,724

Notes to the Financial Statements

25

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

8 INCOME FROM COMMERCIAL TRADING OPERATIONS

The wholly owned trading subsidiary YLIM Ltd is incorporated in the United Kingdom. YLIM Ltd operates a self-catering and camping holiday site near Crieff, Scotland and the charity uses the facility for the majority of its camping programme. The company is limited by guarantee.

The summary financial performance of the subsidiary alone is:

Turnover
Cost of sales
Net Profit
Administrative expenses
Other operating income
Profit/(Loss) for the year before tax
Tax on profit
Net Profit/(Loss) retained in subsidiary
Accumulated profits brought forward
Non-charitable trading reserves
The assets and liabilities of the subsidiary were:
Fixed assets
Current assets
Current liabilities
Total net assets
Aggregate share capital and reserves		 2021
£
451,508
(25,757)
425,751
(408,109)
112,691
130,333
(17,675)
112,658
108,848
221,506
60,194
290,951
(129,639)
221,506
221,506		 2020
£
282,229
(20,221)
262,008
(366,906)
116,143
11,245
-
11,245
97,603
108,848
60,717
169,484
(121,353)
108,848
108,848

Notes to the Financial Statements

26

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

8 INCOME FROM COMMERCIAL TRADING OPERATIONS (Continued)

SOFA Disclosure:
Turnover
Less: Inter Company transactions
Split:
Unrestricted
Restricted
Scottish government grants
Coronavirus Job Retention Scheme
Other donations
Other operating income
Split:
Unrestricted
Restricted
Cost of Sales
Administration
Tax on profit
Less: Inter Company Transactions
Split:
Unrestricted
Restricted		 2021
£
451,508
(2,156)
449,352
449,352
-
449,352
73,780
31,167
104,947
7,744
112,691
112,691
-
112,691
25,757
408,109
17,675
451,541
(18,538)
433,003
418,660
14,343
433,003		 2020
£
282,229
(10,879)
271,350
271,350
-
271,350
36,720
24,452
61,172
54,971
116,143
116,143
-
116,143
20,221
366,906
-
387,127
-
387,127
381,367
5,760
387,127

Notes to the Financial Statements

27

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

9 FUNDRAISING COSTS

FUNDRAISING COSTS
Fundraising costs Unrestricted
Funds
£
66,694
66,694		 Restricted
Funds
£
-
-		 2021
Total
£
66,694
66,694		 2020
Total
£
61,944
61,944

Included in Fundraising costs are staff costs of £50,676 (2020: £44,280)

10
CHARITABLE ACTIVITIES
Staff
Costs
£
Camps and
service project
125,840
Youth clubs and
other activities
706,760

832,600
 Other
Costs
£
94,199
370,580
464,779		 Total
Direct

Costs
£
220,039
1,077,340
1,297,379
 Support
Costs
£
28,908
142,171
171,079		 2021
Total
Costs
£
248,947
1,219,511
1,468,458
 2020
Total
Costs
£
202,737
1,078,481
1,281,218

11 SUPPORT COSTS

Management
& Finance
£
Charitable activities
Camps and service project
10,799
Youth clubs and other activities 53,107
Total charitable activities
63,906
Cost of raising funds
2,915
Total costs 2021
66,821
Total costs 2020
61,432		 Office
Human
& IT Resources Governance
£
£
£
8,656
6,276
3,177
42,571
30,868
15,625
51,227
37,144
18,802
2,338
1,695
858
53,565
38,839
19,660
48,669
37,407
19,419		 2021
Total
Costs
£
28,908
142,171
171,079
7,806
178,885
 2020
Total
Costs
£
25,229
133,912
159,141
7,786
166,927

Notes to the Financial Statements

28

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

12 OPERATING LEASES

At 30th September 2021, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
More than five years		 2021
Total
£
1
4
3
8		 2020
Total
£
1
4
4
9

13 EMPLOYEES

Employment costs
Gross wages, salaries and benefits in kind
Employer's national insurance costs
Pensions		 2021
£

1,093,967
84,170
20,923
1,199,060		 2020
£
927,345
67,404
17,336
1,012,085

Number of employees

The average monthly numbers of employees during the year period, calculated on the basis of average monthly head count, excluding ex-patriot American staff, was as follows:

Trading staff
Ministry staff
Administrative staff
Fundraising Staff		 2021

15
40
9
1
65		 2020
11
38
7
1
57

No employee received emoluments in excess of £60,000 during the period (2020: None). No trustee (2020: No trustee) received remuneration during the period. No trustees (2020: Three trustees) received expenses totalling £nil (2020: £2,105) during the period. These expenses covered the cost of travel, subsistence and meeting costs.

The key management personnel of the charity comprise the UK Director and the Operations Director. The total employment benefits, including employer pension contributions, of the key management personnel of the charity were £106,534 (2020: £93,482) – in 2020 not all of the UK Director’s costs were directly incurred by the charity but some were part of the seconded staff costs (see note 21).

Notes to the Financial Statements

29

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

14 FIXED ASSETS: CHARITY

Equipment
Cost
Brought forward
Additions in the period
Disposals in the period
Carried forward
Depreciation
Brought forward
Depreciation charge for the period
Disposals in the period
Carried forward
Net book value
FIXED ASSETS: GROUP
Equipment
Cost
Brought forward
Additions in the period
Disposals in the period
Carried forward
Depreciation
Brought forward
Depreciation charge for the period
Disposals in the period
Carried forward
Net book value		 2021
£
1,500
-
-
1,500
1,500
-
-
1,500
-
2021
£
226,821
26,809
-
253,630
166,104
27,332
-
193,436
60,194		 2020
£
1,500
-
-
1,500
1,125
375
-
1,500
-
2020
£
226,821
-
-
226,821
140,318
25,786
-
166,104
60,717

Notes to the Financial Statements

30

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

15 INVESTMENTS: SUBSIDIARY UNDERTAKINGS

In September 2014, the charity set up a subsidiary trading company called YLIM Limited in order to run an activity centre at Loch Monzievaird in Scotland. This is a company limited by guarantee (Company Number: 09229874) incorporated in England and Wales which began trading in January 2015 and its results are shown in note 8.

A separate Statement of Financial Activities and Income and Expenditure Account for the charity have not been presented because the Trust has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

16 STOCK: GROUP ONLY

Stock for resale
17
DEBTORS
Gift Aid recoverable
Prepayments and accrued income
Sundry debtors		 Group
2021
£
13,317
12,888
11,212
37,417		 Group
2020
£
13,728
8,165
502
22,395		 Group
2021
£
9,089
9,089
Charity
2021
£
13,317
7,714
-
21,031		 Group
2020
£
5,691
5,691
Charity
2020
£
13,728
8,165
-
21,893

18 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income		 Group
2021
£
9,193
38,888
30,770
117,936
196,787		 Group
2020
£
9,529
30,516
22,332
127,866
190,243		 Charity
2021
£
9,193
19,342
30,174
8,439
67,148		 Charity
2020
£
9,529
17,386
15,000
26,975
68,890

Notes to the Financial Statements

31

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

19 FUNDS - CHARITY

Unrestricted:
General
Designated
Restricted:
Individual staff
International
Total funds		 Balance
b/fwd
£
159,904
-
159,904
105,052
-
105,052
264,956		 Income
£
1,064,927
-
1,064,927
654,713
32,250
686,963
1,751,890		 Expenditure
£
(938,708)
-
(938,708)
(572,680)
(7,382)
(580,062)
(1,518,770)		 Transfers
£
(36,948)
38,026
1,078
-
(1,078)
(1,078)
-		 Balance
c/fwd
£
249,175
38,026
287,201
187,085
23,790
210,875
498,076

FUNDS - GROUP

FUNDS - GROUP
Unrestricted:
General
Designated
Restricted:
Individual staff
International
Development
project
Total funds		 Balance
b/fwd
£
254,407
-
254,407
105,052
-
14,343
119,395
373,802		 Income
£
1,626,970
-
1,626,970
654,713
32,250
-
686,963
2,313,933		 Expenditure
£
(1,373,750)
-
(1,373,750)
(572,680)
(7,382)
(14,343)
(594,405)
(1,968,155)		 Transfers
£
(36,948)
38,026
1,078
-
(1,078)
-
(1,078)
-		 Balance
c/fwd
£
470,679
38,026
508,705
187,085
23,790
-
210,875
719,580

Designated funds are represents monies transferred from the General Fund towards the costs of staff attending European conferences.

Individual staff funds are monies received towards the salaries of specific staff or roles within the organisation.

International funds are monies received towards the work in areas overseas.

Development project funds are monies received for the development of the activity centre at Loch Monzievaird in Scotland.

Notes to the Financial Statements

32

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

20 ANALYSIS OF NET ASSETS – CHARITY

Cash at bank and in hand
Other net assets / (liabilities)		 Unrestricted
Funds
£
340,376
(53,175)
287,201		 Restricted
Funds
£
203,817
7,058
210,875		 Total
£
544,193
(46,117)
498,076

ANALYSIS OF NET ASSETS - GROUP

Tangible fixed assets
Cash at bank and in hand
Other net assets / (liabilities)		 Unrestricted
Funds
£
60,194
605,850
(157,339)
508,705		 Restricted
Funds
£
-
203,817
7,058
210,875		 Total
£
60,194
809,667
(150,281)
719,580

Notes to the Financial Statements

33

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

21 RELATED PARTIES

The charity has taken advantage of the exemption available according to Section 22 ‘Related party disclosures’ not to disclose transactions entered into between two or more members of a group.

The charity recognises the value of the support it receives from Young Life in the United States of America (Young Life US). Since 1941, Young Life has been making a difference in the lives of teenagers, and now operates in more than 100 countries around the world, offering hope with spiritual values to over two million teenagers each year. Young Life is for every teenager; regardless of ability, race, religious tradition or culture.

Young Life US is considered to be Young Life International’s ‘parent’ charity. As such it has invested heavily in the development of Young Life International through training in time-tested methods of relating with teenagers and with both financial and administrative support. The two charities hold similar values and objectives in their respective countries and the relationship between the two entities is governed by an Affiliation Agreement. During the twelve month financial period Young Life US have made donations to Young Life International of £692,112 (2020: £374,347).

During the period Young Life US have also seconded seven of their staff to Young Life International to support the charity in the furtherance of its objectives in the UK. Young Life International made payments to Young Life US amounting, to £10,145 (2020: £23,500) towards the salary costs of these Young Life US staff. The trustees of Young Life International carefully consider the value received by the charity in return for the donations made (see note 6).

During the year the total donations received from trustees was £7,610 (2020: £6,990). Amounts outstanding at the year end relating to these donations were £nil (2020: £nil).

22 CONTROL

The Group is deemed to be controlled by the parent charity, Young Life, a charity based in the United States of America.

The registered office is: 420 N Cascade Avenue, Colorado Springs, Colorado 80903, USA. The registration number is 8104801.

Notes to the Financial Statements

34

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

23 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE TWELVE MONTHS ENDED 30[TH] SEPTEMBER 2020


INCOME FROM:
Donations and legacies
Charitable activities
Activities for raising funds
Trading activities
Fundraising events
Investments
TOTAL INCOME
EXPENDITURE ON:
Raising Funds
Operating costs of trading activities
Fundraising Costs
Charitable activities
TOTAL EXPENDITURE
Net income/(expenditure)
Transfers between funds
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD		 Unrestricted

Funds
£
1,055,024
22,724
271,350
2,466
2,493
1,354,057
381,367
61,944
824,327
1,267,638
86,419
7,145
93,564
160,843
254,407		 Restricted
Funds
£
467,583
-
-
-
-
467,583
5,760
-
456,891
462,651
4,932
(7,145)
(2,213)
121,608
119,395		 2020
Total
£
1,522,607
22,724
271,350
2,466
2,493
1,821,640
387,127
61,944
1,281,218
1,730,289
91,351
-
91,351
282,451
373,802

Notes to the Financial Statements

35

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2021

24 FUNDS FOR THE YEAR ENDING 30[TH] SEPTEMBER 2020

FUNDS - CHARITY

Unrestricted
Restricted:
Individual staff
Total funds		 Balance
b/fwd
£
83,345
101,505
101,505
184,850		 Income
Expenditure
£
£
966,564
(897,150)
467,583
(456,891)
467,583
(456,891)
1,434,147
(1,354,041)		 Transfers
£
7,145
(7,145)
(7,145)
-		 Balance
c/fwd
£
159,904
105,052
105,052
264,956

FUNDS - GROUP

Unrestricted
Restricted:
Individual staff
Development
project
Total funds		 Balance
b/fwd
£
160,843
101,505
20,103
121,608
282,451		 Income
£
1,354,057
467,583
-
467,583
1,821,640		 Expenditure
£
(1,267,638)
(456,891)
(5,760)
(462,651)
(1,730,289)		 Transfers
£
7,145
(7,145)
-
(7,145)
-		 Balance
c/fwd
£
254,407
105,052
14,343
119,395
373,802

Individual staff funds are monies received towards the salaries of specific staff or roles within the organisation.

Development project funds are monies received for the development of the activity centre at Loch Monzievaird in Scotland.

Notes to the Financial Statements

36