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2023-09-30-accounts

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

(A charitable company limited by guarantee)

ANNUAL REPORT AND GROUP FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 30[TH] SEPTEMBER 2023

Company Number: 04364093 Charity Number (England and Wales): 1090515 Charity Number (Scotland): SC043473

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

CONTENTS

Reference and administrative details 2
Trustees’ annual report 3 – 10
Auditor’s report 11 - 14
Consolidated Statement of financial activities 15
Consolidated and Charity Balance sheet 16 -17
Consolidated Cash flow statement 18
Notes to the financial statements 19 - 35

Contents

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

REFERENCE AND ADMINISTRATIVE DETAILS

TRUSTEES: Paul Sherrill
Sundeep Salins
Liam McCormick
Paul Woodman (Chairman)
Brooke Johnston
Edwin Backler
Lucinda McCormick
SECRETARY: Benedict Sutton
EXECUTIVE TEAM: Sonia Mawhinney
Benedict Sutton
REGISTERED OFFICE: 101 Burford Street
Hoddesdon
EN11 8HX
REGISTERED NUMBERS: Company: 04364093
Charity (England and Wales): 1090515
Charity (Scotland): SC043473
AUDITOR: Mercer & Hole LLP
Chartered Accountants
Trinity Court
Church Street
Rickmansworth
Hertfordshire WD3 1RT
BANKERS: CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ

Reference and Administrative Details

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023

The trustees present their report and the audited financial statements of the group and charity for the year ended 30th September 2023, 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 October 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 Edwin Backler Lucinda McCormick (appointed 25 September 2023)

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

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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, and has started ministry with university aged students in London and Belfast.

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

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

Achievements and Performance

We have found that young people have fundamental needs to belong, to be heard, to find hope. 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 find meaning in life. We see every day how it is all too easy to search for fulfilment in the wrong places. The range of safeguarding incidents reported to our child protection team involving Young Life teenagers this year has grown to 34 which is 38% above our annual average, with abuse occurring in external contexts, and mental health incidents, collectively making up over two thirds of our child protection caseload. We anticipate that cases will continue to pick up as we see the impact of multiple years of lockdowns upon this generation of young people.

We delivered a full camping programme this summer. We ran 12 day camps in local communities across the UK, and 6 residential camps at Cairn Brae, the site leased by YLIM, a subsidiary of Young Life International. Across the residential camping season, we served 70 campers from London, 91 from England (outside of London), 103 from Scotland and 258 from Northern Ireland. In addition, we ran camps for young people from the wider Young Life Europe Division, including for 41 campers from the Republic of Ireland, and 56 from continental Europe.

The strength of our ministry depends on the strength of our volunteers. Across the year we ran several "Country Gathering" conferences across the UK for our volunteers. There were 103 attendees at the Northern Ireland overnight conference, 88 at the London Leader Day, and roughly 130 at the Scotland Celebration Day. Through Biblical teaching, prayer sessions, and lots of fun, these events empowered the Charity’s grassroots volunteer leaders and local committee members with purpose, vision, and encouragement.

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

We are celebrating significant growth across all of our ministry metrics:

Trustees’ Annual Report

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

Financial Review

In the twenty-second period of operation, the charity received funds of £2,807,864 (2022: £2,050,992) of which £2,251,856 (2022: £1,569,612) was raised as voluntary income. Expenditure in the twelvemonth period was £2,748,498 (2022: £2,387,972). The charity continues to be reliant on the generosity of its supporters.

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

The net result for the period was a surplus of £59,366 (2022: £336,980 loss) resulting in a balance carried forward of £441,966 (2022: £382,600). This balance includes £73,470 (2022: £152,885) in restricted funds.

Young Life International made donations to Young Life US of £23,916 (2022: £24,300) during the period (see note 21 for further details).

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 £341,000 to £683,000. Note that the free reserves are £265,917 (2022: £72,760). 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.

Trustees’ Annual Report

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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%. The Charity also receives income from churches and grant making trusts. 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.

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 or volunteers, and donors. Our conduct expectations upon those individuals are extremely high. Every employee and volunteer who fundraises for the Charity commits to healthy fundraising practice as part of signing the Staff and Volunteer Code of Conduct, and they are accountable to their line manager for their actions.

No third parties fundraise on behalf of the Charity directly to the public. The only third parties who play any part in our fundraising activities are:

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 Concerns and Complaints Guidance 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. We are always conscious of minimising the costs of fundraising and we continue to deliver value for money in all our charitable activities.

Trustees’ Annual Report

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

Plans for Future Periods

As part of the global mission of Young Life, we have embarked on a new strategic initiative called “KNOWN”, which will run until 2030. Together, we are compelled to know Jesus and to know young people to make Jesus’ name known around the world by:

Over the coming year, we plan to:

We work closely with churches and other Christian ministry partners to develop collaborative relationships which enable greater extent of impact within the lives of young people. For those collaborative relationships to succeed the partners must share the basic strategic and theological ethos of Young Life International.

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. We are mindful of the significant challenge in the current climate of building ministry momentum and raising the level of funding to resource this vision but remain cautiously optimistic for the year ahead.

Trustees’ Annual Report

9

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

Trustees Responsibilities

The trustees (who are also directors of Young Life International for the purpose of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Appointment of Statutory Auditor

The charity’s auditor, Mercer & Hole LLP have been appointed as auditors and have signified their willingness to continue in office.

Statement of Disclosure to the Statutory Auditor

The trustees have taken all necessary steps to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. As far as the trustees are aware, there is no relevant audit information of which the company’s auditors are unaware.

Small company provisions statement

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

The Annual Report was approved by the board of trustees on 23 February 2024 and signed on their behalf by:

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23/2/2024
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Sundeep Salins Trustee

23/2/2024 Paul Woodman Trustee

Trustees’ Annual Report

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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 2023 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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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

Responsibilities of Trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, 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

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DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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)

Date: 23/2/2024

for and on behalf of Mercer and Hole LLP Chartered Accountants and Statutory Auditor Trinity Court Church Street Rickmansworth Hertfordshire WD3 1RT

Statement of Financial Activities

14

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements

For the Year Ended 30[th] September 2023

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCOPORATING THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR TO 30[TH] SEPTEMBER 2023


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
£
1,888,940
152,130
398,397
671
4,810
2,444,948
730,801
28,362
1,548,199
2,307,362
137,586
1,195
138,781
229,715
368,496		 Restricted
Funds
£
362,916
-
-
-
-
362,916
-
-
441,136
441,136
(78,220)
(1,195)
(79,415)
152,885
73,470		 2023
Total
£
2,251,856
152,130
398,397
671
4,810
2,807,864
730,801
28,362
1,989,335
2,748,498
59,366
-
59,366
382,600
441,966		 2022
Total
£
1,569,612
101,735
375,988
2,991
666
2,050,992
603,718
26,156
1,758,098
2,387,972
(336,980)
-
(336,980)
719,580
382,600

There were no recognised gains and losses for 2023 or 2022 other than those included in the Consolidated Statement of Financial Activities

There was no other comprehensive income for 2023 (2022: £nil).

Statement of Financial Activities

15

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements

For the Year Ended 30[th] September 2023

CONSOLIDATED AND CHARITY BALANCE SHEET AS AT 30[TH] SEPTEMBER 2023

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
2023
£
44,857
-
6,949
64,529
548,674
620,152
223,043
397,109
441,966
441,966
368,496
73,470
441,966		 Group
2022
£
67,775
-
20,840
46,538
419,402
486,780
171,955
314,825
382,600
382,600
229,715
152,885
382,600		 Charity
2023
£
4,748
-
-
33,495
407,448
440,943
106,304
334,639
339,387
339,387
265,917
73,470
339,387		 Charity
2022
£
-
-
-
21,996
295,710
317,706
92,061
225,645
225,645
225,645
72,760
152,885
225,645

The notes on pages 19 to 35 form an integral part of these financial statements.

Balance Sheet

16

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

CONSOLIDATED AND CHARITY BALANCE SHEET (Continued) AS AT 30[TH] SEPTEMBER 2023

The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

Young Life International is a charitable company limited by guarantee registered in England and Wales. Company number 4364093. Charity number (England and Wales) 1090515. Charity number (Scotland) SC043473.

The financial statements were approved by the board of trustees on 23 February 2024 and signed on its behalf by:

23/2/2024 23/2/2024 Sundeep Salins Paul Woodman Trustee Trustee

Balance Sheet

17

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30[th] SEPTEMBER 2023

Cash flows from operating activities
Net income/(expenditure) for the financial year
Adjustments for:
Depreciation of tangible assets
Interest received
(Increase) 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
 2023
2022
£
£
59,366
(336,980)
34,922
33,302
(4,810)
(666)
13,891
(11,751)
(17,991)
(9,121)
51,088
(24,832)

136,466
(350,048)

(12,004)
(40,883)
4,810
666

(7,194)
(40,217)

129,272
(390,265)
419,402
809,667

548,674
419,402

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

Cash Flow Statement

18

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023

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 October 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 2023 was £113,742 income (2022: £272,431 expenditure).

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

19

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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

20

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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

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

21

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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

22

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

4 AUDITOR’S REMUNERATION

Fees payable to the company's auditor for the audit of the groups’ annual financial statements totalled £7,250 (2022: £7,250). Fees payable to the Company's auditor for non-audit services totalled £650 (2022: £650).

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
Less:
Costs of raising funds
Expenditure on charitable activities
Net (expenditure)/income
Total funds brought forward
Total funds carried forward
Represented by:
Unrestricted funds
Restricted funds		 2023
£
2,288,435
28,362
2,146,331
113,742
225,645
339,387
265,917
73,470
339,387		 2022
£
1,592,647
26,156
1,838,922
(272,431)
498,076
225,645
72,760
152,885
225,645

Notes to the Financial Statements

23

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

6 DONATIONS, GRANTS AND LEGACIES

Donations
General donations
Gift Aid donations
Income tax recoverable
Donated services
Donated software		 Unrestricted
Funds
£
1,491,320
111,478
23,917
258,025
4,200
1,888,940		 Restricted
Funds
£
226,527
109,111
27,278
-
-
362,916		 2023
Total
£
1,717,847
220,589
51,195
258,025
4,200
2,251,856		 2022
Total
£
1,053,185
201,057
54,732
256,438
4,200
1,569,612

During the year the charity benefited from the services of six (2022: seven) staff seconded from Young Life US (see note 21). The trustees estimate that the value of these staff to the charity was £281,941 (2022: £284,938) 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 £23,916 (2022: £24,300). The trustees therefore estimate that the charity is receiving donated services of £258,025 (2022: £256,438).

7 INCOME FROM CHARITABLE ACTIVITIES

Camps and service project
Local youth work
Volunteer training		 Unrestricted
Funds
£
127,462
6,770
17,898
152,130		 Restricted
Funds
£
-
-
-
-		 2023
Total
£
127,462
6,770
17,898
152,130		 2022
Total
£
90,817
3,388
7,530
101,735

Notes to the Financial Statements

24

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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
Gift-Aid payment
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		 2023
£
568,068
(193,355)
374,713
(559,017)
121,032
(63,272)
8,897
(54,375)
156,956
-
102,581
40,109
179,211
(116,739)
102,581
102,581		 2022
£
492,180
(101,420)
390,760
(511,719)
82,357
(38,602)
4,052
(34,550)
221,506
(30,000)
156,956
67,775
178,490
(89,309)
156,956
156,956

Notes to the Financial Statements

25

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

8 INCOME FROM COMMERCIAL TRADING OPERATIONS (Continued)

SOFA Disclosure:
Turnover
Less: Inter Company transactions
Split:
Unrestricted
Restricted
Other donations
Other operating income
Split:
Unrestricted
Restricted
Cost of Sales
Administration
Tax on profit
Less: Inter Company Transactions
Split:
Unrestricted
Restricted		 2023
£
568,068
(169,671)
398,397
398,397
-
398,397
121,032
121,032
121,032
-
121,032
193,355
559,017
(8,897)
743,475
(12,674)
730,801
730,801
-
730,801		 2022
£
492,180
(116,192)
375,988
375,988
-
375,988
82,357
82,357
82,357
-
82,357
101,420
511,719
(4,052)
609,087
(5,369)
603,718
603,718
-
603,718

Notes to the Financial Statements

26

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

9 FUNDRAISING COSTS

FUNDRAISING COSTS
Fundraising costs Unrestricted
Funds
£
28,362
28,362		 Restricted
Funds
£
-
-		 2023
Total
£
28,362
28,362		 2022
Total
£
26,156
26,156

Included in Fundraising costs are staff costs of £nil (2022: £nil)

10
CHARITABLE ACTIVITIES
Staff
Costs
£
Camps and
service project
167,558
Youth clubs and
other activities
945,077

1,112,635
 Other
Costs
£
195,744
465,434
661,178		 Total
Direct

Costs
£
363,302
1,410,511
1,773,813
 Support
Costs
£
44,094
171,428
215,522		 2023
Total
Costs
£
407,396
1,581,939
1,989,335
 2022
Total
Costs
£
355,611
1,402,487
1,758,098

11 SUPPORT COSTS

Management
& Finance
£
Charitable activities
Camps and service project
17,904
Youth clubs and other activities 69,604
Total charitable activities
87,508
Cost of raising funds
1,251
Total costs 2023
88,759
Total costs 2022
88,779		 Office
Human
& IT Resources Governance
£
£
£
10,980
10,796
4,414
42,689
41,974
17,161
53,669
52,770
21,575
767
754
308
54,436
53,524
21,883
44,796
45,676
19,274		 2023
Total
Costs
£
44,094
171,428
215,522
3,080
218,602
 2022
Total
Costs
£
39,451
156,145
195,596
2,929
198,525

Notes to the Financial Statements

27

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

12 OPERATING LEASES

At 30th September 2023, 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		 2023
Total
£
1
4
1
6		 2022
Total
£
1
4
2
7

13 EMPLOYEES

Employment costs
Gross wages, salaries and benefits in kind
Employer's national insurance costs
Pensions		 2023
£

1,368,251
109,292
26,036
1,503,579		 2022
£
1,194,070
94,711
22,250
1,311,031

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		 2023

12
48
9
-
69		 2022
15
46
8
-
69

No employee received emoluments in excess of £60,000 during the period (2022: None).

No trustee (2022: no trustee) received remuneration during the period. One trustee (2022: one trustee) received expenses totalling £276 (2022: £211) during the period. These expenses covered the cost of travel, subsistence, meeting and other sundry 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 £125,169 (2022: £121,595).

Notes to the Financial Statements

28

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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		 2023
£
1,500
5,934
-
7,434
1,500
1,186
-
2,686
4,748
2023
£
294,513
12,004
-
306,517
226,738
34,922
-
261,660
44,857		 2022
£
1,500
-
-
1,500
1,500
-
-
1,500
-
2022
£
253,630
40,883
-
294,513
193,436
33,302
-
226,738
67,775

Notes to the Financial Statements

29

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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
2023
£
12,677
35,116
16,736
64,529		 Group
2022
£
12,744
26,932
6,862
46,538		 Group
2023
£
6,949
6,949
Charity
2023
£
12,677
19,779
1,039
33,495		 Group
2022
£
20,840
20,840
Charity
2022
£
12,744
9,190
62
21,996

18 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income		 Group
2023
£
22,062
64,983
23,066
112,932
223,043		 Group
2022
£
14,975
51,065
3,808
102,107
171,955		 Charity
2023
£
22,062
24,586
23
59,633
106,304		 Charity
2022
£
14,975
20,181
3,159
53,746
92,061

Notes to the Financial Statements

30

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

19 FUNDS - CHARITY

Unrestricted:
General
Designated
Restricted:
Individual staff
International
Total funds		 Balance
b/fwd
£
20,874
51,886
72,760
152,226
659
152,885
225,645		 Income
£
1,925,519
-
1,925,519
355,123
7,793
362,916
2,288,435		 Expenditure
£
(1,699,958)
(33,599)
(1,733,557)
(433,879)
(7,257)
(441,136)
(2,174,693)		 Transfers
£
(21,634)
22,829
1,195
-
(1,195)
(1,195)
-		 Balance
c/fwd
£
224,801
41,116
265,917
73,470
-
73,470
339,387

FUNDS - GROUP

FUNDS - GROUP
Unrestricted:
General
Designated
Restricted:
Individual staff
International
Total funds		 Balance
b/fwd
£
177,829
51,886
229,715
152,226
659
152,885
382,600		 Income
£
2,444,948
-
2,444,948
355,123
7,793
362,916
2,807,864		 Expenditure
£
(2,273,763)
(33,599)
(2,307,362
(433,879)
(7,257)
(441,136)
(2,748,498)		 Transfers
£
(21,634)
22,829
1,195
-
(1,195)
(1,195)
-		 Balance
c/fwd
£
327,380
41,116
368,496
73,470
-
73,470
441,966

Designated funds represent 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

31

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Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

20 ANALYSIS OF NET ASSETS – CHARITY

Tangible fixed assets
Cash at bank and in hand
Other net assets / (liabilities)		 Unrestricted
Funds
£
4,748
341,150
(79,981)
265,917		 Restricted
Funds
£
-
66,298
7,172
73,470		 Total
£
4,748
407,448
(72,809)
339,387

ANALYSIS OF NET ASSETS - GROUP

Tangible fixed assets
Cash at bank and in hand
Other net assets / (liabilities)		 Unrestricted
Funds
£
44,857
482,376
(158,737)
368,496		 Restricted
Funds
£
-
66,298
7,172
73,470		 Total
£
44,857
548,674
(151,565)
441,966

Notes to the Financial Statements

32

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

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 £1,164,192 (2022: £614,948).

During the period Young Life US have also seconded six 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 £23,916 (2022: £24,300) 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 £9,654 (2022: £7,467) and fees paid by the trustees for camp and weekend events were £646 (2022: £771). Amounts outstanding at the year-end relating to these donations and fees were £Nil (2022: £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

33

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

23 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE TWELVE MONTHS ENDED 30[TH] SEPTEMBER 2022


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
£
1,151,998
101,611
375,988
2,991
666
1,633,254
603,718
26,156
1,283,484
1,913,358
(280,104)
1,114
(278,990)
508,705
229,715		 Restricted
Funds
£
417,614
124
-
-
-
417,738
-
-
474,614
474,614
(56,876)
(1,114)
(57,990)
210,875
152,885		 2022
Total
£
1,569,612
101,735
375,988
2,991
666
2,050,992
603,718
26,156
1,758,098
2,387,972
(336,980)
-
(336,980)
719,580
382,600

Notes to the Financial Statements

34

DocuSign Envelope ID: 8EC94B39-CBAB-4D39-A2E8-2C0A968D7F50

Young Life International – Annual Report and Group Financial Statements For the Year Ended 30[th] September 2023

24 FUNDS FOR THE YEAR ENDING 30[TH] SEPTEMBER 2022

FUNDS - CHARITY

Unrestricted:
General
Designated
Restricted:
Individual staff
International
Total funds
FUNDS - GROUP
Unrestricted:
General
Designated
Restricted:
Individual staff
International
Total funds		 Balance
b/fwd
£
249,175
38,026
287,201
187,085
23,790
210,875
498,076
Balance
b/fwd
£
470,679
38,026
508,705
187,085
23,790
210,875
719,580		 Income
£
1,174,909
-
1,174,909
408,239
9,499
417,738
1,592,647
Income
£
1,633,254
-
1,633,254
408,239
9,499
417,738
2,050,992		 Expenditure
£
(1,390,464)
-
(1,390,464)
(443,098)
(31,516)
(474,614)
(1,865,078)
Expenditure
£
(1,913,358)
-
(1,913,358)
(443,098)
(31,516)
(474,614)
(2,387,972)		 Transfers
£
(12,746)
13,860
1,114
-
(1,114)
(1,114)
-
Transfers
£
(12,746)
13,860
1,114
-
(1,114)
(1,078)
-		 Balance
c/fwd
£
20,874
51,886
72,760
152,226
659
152,885
225,645
Balance
c/fwd
£
177,829
51,886
229,715
152,226
659
152,885
382,600

FUNDS - GROUP

Designated funds represent 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.

Notes to the Financial Statements

35

Certificate Of Completion

Envelope Id: 8EC94B39CBAB4D39A2E82C0A968D7F50 Status: Completed Subject: Complete with DocuSign: Young Life International - Final Accounts.pdf, Letter of representation.pdf Source Envelope: Document Pages: 39 Signatures: 7 Envelope Originator: Certificate Pages: 5 Initials: 0 Lowri Owen AutoNav: Enabled 72 London Road EnvelopeId Stamping: Enabled St Albans, Hertfordshire AL1 1NS Time Zone: (UTC) Dublin, Edinburgh, Lisbon, London lowri.owen@mercerhole.co.uk IP Address: 78.33.27.134

Record Tracking

Status: Original Holder: Lowri Owen Location: DocuSign 23/2/2024 | 09:02 lowri.owen@mercerhole.co.uk Signer Events Signature Timestamp Paul Woodman Sent: 23/2/2024 | 09:09 paulw@citylife.org.uk Viewed: 23/2/2024 | 14:43 Director Signed: 23/2/2024 | 14:44 CLEAR Signature Adoption: Drawn on Device Security Level: Email, Account Authentication (None) Using IP Address: 151.2.176.202 Electronic Record and Signature Disclosure: Accepted: 23/5/2023 | 10:58 ID: 84657cbe-2962-4893-a2fa-fd5ba8fd4c04 S Salins Sent: 23/2/2024 | 09:09 smsalins@gmail.com Viewed: 23/2/2024 | 12:40 Security Level: Email, Account Authentication Signed: 23/2/2024 | 12:41 (None) Signature Adoption: Drawn on Device Using IP Address: 151.2.176.202 Electronic Record and Signature Disclosure: Accepted: 23/2/2024 | 12:40 ID: 086711dd-538d-4305-8ab3-a78c346b7ea1 Jolene Upshall Sent: 23/2/2024 | 14:44 jolene.upshall@mercerhole.co.uk Viewed: 23/2/2024 | 14:56 Partner Signed: 23/2/2024 | 14:57 Mercer & Hole Signature Adoption: Pre-selected Style Security Level: Email, Account Authentication (None) Using IP Address: 78.33.27.134 Electronic Record and Signature Disclosure: Not Offered via DocuSign

In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
B Sutton Sent: 23/2/2024
bsutton@ylinternational.org
Young Life International
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
J Pattison Sent: 23/2/2024
jpattison@ylinternational.org
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 23/2/2024
Certified Delivered Security Checked 23/2/2024
Signing Complete Security Checked 23/2/2024
Completed Security Checked 23/2/2024
Payment Events Status Timestamps
Electronic Record and Signature Disclosure

Electronic Record and Signature Disclosure created on: 3/6/2021 | 16:40 Parties agreed to: Paul Woodman, S Salins

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