2023-08-31-accounts - Tees Valley Youth For Christ

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Tees Valley Youth for Christ

Financial Statements Year Ended 31 August 2023 (Registered Charity 1100160)

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 INDEX

Annual Report	1 - 3
Treasurer's Report	4 - 5
Report of the Independent Examiner	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Accounts	9 - 13

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 CHARITY INFORMATION

The Trustees present their report and independently examined financial statements for the year ended 31st August 2023.

Reference and Administration Information

Office	558A Yarm Road
	Eaglescliffe
	Stockton-on-Tees
	TS16 0BX
Status	Registered Charity No: 1100160
Director	Mr T Wye-Williams
Chair of Trustees	Mrs K Belmont
Treasurer	Mr J Belmont
Trustees	Mrs M Aggett (Appointed 13 February 2023)
	Rev M Anderson
	Dr A Bell (Resigned 2 October 2023)
	Mr J Belmont (Treasurer)
	Mrs K Belmont (Chairperson)
	Mr P Crosby
	Mr J Stewart
Independent Examiner	Miss A Wardle FCCA
	50 Sorrel Close
	Stockton-on-Tees
	TS19 0UR
Bankers	HSBC Bank
	60 Albert Road
	Middlesbrough
	TS1 1RS

Page 1

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 TRUSTEES' ANNUAL REPORT

OBJECTIVES AND ACTIVITIES

Who are we?

Youth for Christ has existed since 1946 to take the good news of Jesus relevantly to every young person in Britain. Tees Valley Youth for Christ was established in 2003. It works alongside local churches and in schools reaching young people. If we are genuinely going to reach every young person in Tees Valley, then we need to increase the influence of the ministry. It our heart and vision to impact the lives of more young people each year.

A wider scope

We already use a variety of creative ways that enable us to connect with many different young people. These include working in schools, detached outreach, community involvement, and sports programmes. However we still have the desire to increase and broaden this remit so that we reach an even more diverse group of youth.

The Church

We are deeply committed to providing support and resources to local Churches, and see it as absolutely vital that if we are going to truly see transformed young lives, we must not operate as a parachurch organisation but instead a missional arm of the local Church to young people.

Locally

The key is working along side the Church in a number of locations in the Tees Valley, through Projects and Café Churches. The UK/US Mission Partnership, unique to our Centre, brings mission teams from the USA and gap year workers each year as well as permanent staff.

Nationally

Youth for Christ nationally is vital to equip, support and serve the local Ministries practically, prayerfully and through sharing resources. It addresses personnel matters, training needs, best practice and financial assistance where required.

A new strategy

We are committed to the Great Commission in Matthew to 'Go and make disciples, baptising them in the name of the Father, and of the Son and the Holy Spirit' (Matthew 28v18) and believe now is the time for a new plan to reach more young people for Christ.

ACHIEVEMENTS AND PERFORMANCE

The Mission Statement of Tees Valley Youth for Christ is:

"We're about seeing young people's lives changed by Jesus"

By this we mean working with the following groups to share our faith in Jesus:

Schools

We are passionate about seeing young people reach their full potential, and believe that gaining a quality education increases their ability to succeed. While students grow academically, schools provide young people with the opportunity to mature individually and gain skills for a lifetime. Each week, our staff volunteer in primary, secondary, and collegiate schools across Teesside, providing support in and out of the classroom. Tees Valley Youth for Christ staff serve the schools in a number of ways.

Churches

Tees Valley Youth for Christ is partnering with the local church to help facilitate youth work, as well as to pioneer new initiatives. Our desire is to see churches working in unity to impact the young people in this area. Numerous Tees Valley Youth for Christ teams have come from churches wanting to reach out to the young people of their locality together. Also, we desire to be a resource to local churches, and to provide support for their youth work however we can.

Communities

While working with young people is our primary focus, we know that they are part of families and communities with a much wider age range. If we want to see lasting change in young people, we need to see change in their environment as a whole. To effect change, we try to spend time with young people’s families and neighbours. If they have physical needs, we try to meet them. We offer help with homework, provide positive activities, and talk to them about the God who loves them. We see engaging in communities as a vital way to impact the lives of young people by looking at the big picture.

Page 2

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 TRUSTEES' ANNUAL REPORT

(CONTINUED…)

CORE VALUES

Tees Valley Youth for Christ have adopted the same core values of National Youth for Christ:

We're about seeing young people's lives changed by Jesus

Our Mandate

The mission of Youth for Christ is taken from the mandate given by Jesus to his disciples as recorded in the Bible: Matthew 28:19 Go into all the world and make disciples

Mark 16:15 Go into all the world and preach the Gospel John 20:21 As the Father has sent me I therefore send you

Acts 1:8 You will be my witnesses in all of Jerusalem, Judea, Samaria and the rest of the world

It is further supported through Paul who in Romans 1:16 states "I am not ashamed of the Gospel because it is the power of God for the salvation of those who believe" and in Romans 10:14 where Paul asks the question "How will they know if no one tells them?"

Therefore, we are commissioned to be people who take Good News relevantly to every young person in Britain.

What does Youth for Christ actually do?

We demonstrate the love of God, declare who Jesus is, encourage a decision to follow Him and disciple young people to live their lives to the full.

We believe our name is critical to our very mission, we are about reaching youth for Christ. Therefore, our core values must reflect reaching young people for Christ. However, our core values are so much more than an acronym. We are…

Courageous

We are a bold organisation, willing to step out in faith

Helpful

We see ourselves as reliable, supportive and nurturing

Relational

We believe in people, dignity, love and compassion

Innovative

We are creative, pioneers and explorers

Spiritual

Connected to Jesus we express fun, energy and creativity

Together

Committed to partnership, mutuality and relationships

Page 3

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 TRUSTEES' ANNUAL REPORT (continued)

FINANCIAL REVIEW

The Trustees present their report along with the Financial Statements of the Charity for the year ended 31 August 2023. The Financial Statements have been prepared in accordance with the Accounting Policies set out in Note 1 to the Accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published on 16 July 2014.

Recognition of income and resources are only included when the Charity can draw-down on them; Grants are only included when un-conditional entitlement occurs; Tax reclaims are included within the same year of the gifts to which they relate; Where incoming resources have related expenditure, both are recorded gross.

Liabilities are recognised as soon as there is a legal obligation committing the Charity to make payment; and Governance costs will include preparation and examination of Accounts, seeking legal advice and any cost of Trustee Meetings. Support costs remain within "Central" as it only exists to manage and administrate accounts and PAYE for all location projects.

The total income in the profit and loss statement includes internal transfers such as project contributions to central management and reimbursed expenses.

Reserves principally relate to restricted funds which are being held to spend on particular projects. The trustees believe that all money given in a particular year is with the intention to be used for projects, however, they understand the need to hold Unrestricted Reserves of at least £20,000 which represents three months expenses for Central costs, which will allow us to continue to pay staff salaries in the event of loss of income.

Tees Valley Youth for Christ is supported by a number of individuals and churches, and one of its main sources of income comes through the Gap Year Project which is beginning to grow since the pandemic.

Unrestricted Funds

Income for the year was lower than the previous year due to the fundraising campaign in 2022. We are so grateful for the number of individuals who support the organisation monthly and donations over the year was almost £20,000. We were also still blessed to receive donations from churches even though there was no Serve Team placed in them. We received an unexpected donation of old travellers cheques which had been donation to mission costs almost 15 years ago, so we decided that since they had been orignally given to support mission projects in the Tees Valley, we felt it was appropriate to donate a similar amount to Festival Teesside for the mission planned in Summer 2024 rather than keep the money for our own use.

Unrestricted reserves at the end of the year are £70k which is still significantly higher than our reserves policy. We are expecting a loss of £30,000 in 2023-24 and so by then our reserves will be back in line with our reserves policy. We are anticipating a return to our previous operating income in 2024-25.

The majority of the costs to the organisation are for salaries to enable ministry to happen across the Tees Valley. Other costs included those relating to training and development of the staff team. Youth activities included the donation made above as well as running weekly / monthly events to equip and resource youth workers across the region.

Restricted Funds

Doulos

The balance in the Doulos fund has increased to over £4,000 at the end of the year. This is mainly due to a larger intake of students in the 101 year group who have continued into 201. This level of reserves should be sufficient to fund the annual residential and also the basic monthly running costs of the course.

Serve Team

There is a current balance of £11k in the Serve Team fund which represents the money paid in advance towards the costs of running the team for 2023-24. This money is used to cover training costs for the year, including a welcome residential in the Lake District and also a contribution to their host home to cover living costs.

Leven Valley

This fund is no longer active in terms of ministry so any income received from historic monthly donations has been diverted to central costs. The balance in the fund has been written off as a contribution to staff salaries through the management fees. Supporters are aware and have been consulted on the matter. As of 31 August 2023, there is no remaining balance.

UKUSA

Youth activities within the UKUSA fund totalled approximately £42,000 during the year. This money represents personal support received by the students from America that is received on a monthly basis and passed on to students which is used towards their living costs.

Page 4

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 TRUSTEES' ANNUAL REPORT (continued)

(CONTINUED…)

York

There is a nil balance in this fund as the project has come to an end. Matt Carns has ended his employment in Clifton Parish and so there are no longer any transactions being made through it.

Vine Wynyard

There is a nil balance in this fund as the project has come to an end. Madi Whaley is being employed directly by Vine Church and so there are no longer any transactions being made through it.

Looking Ahead

The current level of unrestricted reserves are sufficient to ensure operations can continue unchanged into 2023-24. There is recruitment planned for late September 2023 which will see the Director visit churches in the USA to promote our 'Gap Year' offer to the students in High School or College. We are expecting this to significantly incease our team in 2024-25.

The Trustees consider there are no going concern issues.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity was formed under a constitution dated 10th February 2003. New trustees are approved by the Board of Trustees having initially been recommended by existing trustees or the Director.

Tees Valley Youth for Christ is affiliated with British Youth for Christ (Charity Number: 263446) and are accountable to them for the direction in which the Charity takes to ensure that they support the aims and objectives of BYFC.

All employees are expected to attend a Staff Training conference in January which is hosted by BYFC. Trustees also have the opportunity to attend the conference if they are able.

Tees Valley Youth for Christ has strong connections with UK-USA Ministries, a US based 501c3 charity where the Director is the Executive Director and has served on the board since 2011. This partnership with UK-USA Ministries has been the driving force in recruiting Gap Year Workers and Interns to the North East in recent years.

Trustees may from time to time receive reimbursements of amounts spent on charitable activities. No Trustee received any remuneration during the year.

Trustees are appointed by the existing Trustees to bring a diversity of knowledge and experience to the charity.

The Trustees have complied with section 17 of the Charities Act and the Charities (Accounts and Reports) Regulations 2008 and have paid due regard to the guidance on public benefit issued by the Charity Commission.

Approved the Trustees on …............................ and signed on their behalf by Mrs K Belmont (Chair)

Page 5

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 REPORT OF THE INDEPENDENT EXAMINER

Report to the trustees of Tees Valley Youth for Christ (Charity Number: 1100160) on accounts for the year ended 31 August 2023 which are set out on pages 7 to 13.

Respective responsibilities of the Trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. The charity’s gross income previously exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act

to follow the procedures laid down in the general directions given by the Charities Commission (under section 145(5)(b) of the Act); and

to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that, in any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Name: Miss A Wardle FCCA

Address: 50 Sorrel Close Stockton-on-Tees TS19 0UR

Date:

…................................

Page 6

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 STATEMENT OF FINANCIAL ACTIVITIES

INCOMING RESOURCES Income and endowments from: Donations and legacies Partnership Pledges Single Gifts - Churches Single Gifts - Individuals Single Gifts - Grants Single Gifts - Legacies Gift Aid Other charitable income Misc Income Income from Investments Interest Income TOTAL INCOME RESOURCES EXPENDED Expenditure on: Charitable activities Directors Fees Directors Pension Other Expenses Monthly Host Contribution Payroll: Employers NI Payroll: Salaries Payroll: Pension Training / Conference Travel Expenses Youth Activities Other charitable expenditure Accountancy Bank Charges Insurance Licences and Permits Office Costs Telephone / Broadband Rent and Utilities TOTAL EXPENDITURE NET INCOME / (EXPENDITURE) Transfers between funds *NET MOVEMENT IN FUNDS* Total funds brought forward *TOTAL FUNDS CARRIED FORWARD*	Unrestricted Restricted Fund Funds Total £ £ £ 19,319.67 - 19,319.67 9,615.00 55,579.87 65,194.87 - 58,963.52 58,963.52 - - - 5,660.74 - 5,660.74 958.75 - 958.75 35,554.16114,543.39150,097.55 4,360.65 - 4,360.65 4,360.65 - 4,360.65 644.85 - 644.85 644.85 - 644.85 40,559.66 114,543.39 155,103.05 29,642.51 - 29,642.51 813.49 - 813.49 678.82 - 678.82 - - - 1,456.08 4,271.82 5,727.90 25,048.58 49,420.00 74,468.58 650.82 805.00 1,455.82 4,080.24 3,587.38 7,667.62 553.12 413.97 967.09 3,143.84 51,559.93 54,703.77 66,067.50 110,058.10 176,125.60 300.00 - 300.00 139.60 - 139.60 1,102.84 - 1,102.84 - - - 904.29 - 904.29 774.50 - 774.50 3,838.26 - 3,838.26 7,059.49 - 7,059.49 73,126.99 110,058.10 183,185.09 (32,567.33) 4,485.29 (28,082.04) 1,668.45 (1,668.45) (0.00) (30,898.88) 2,816.84 (28,082.04) 101,868.70 13,714.75 115,583.45 70,969.82 16,531.59 87,501.41 - 2023	2022 Total £ 15,393.69 102,151.20 125,702.70 24,500.00 - 3,123.58
		270,871.17
		1,393.57
		1,393.57
		16.01
		16.01

		272,280.75
		27,873.04 750.00 682.67 9,100.00 7,404.76 100,911.83 1,374.47 16,163.55 1,616.84 96,664.57
		262,541.73
		300.00 278.00 1,063.96 193.60 604.07 709.20 4,104.33
		7,253.16

		269,794.89
		2,485.86
		- 2,485.86 113,097.59
		115,583.45
		-

Page 7

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 BALANCE SHEET

	Notes		2023		2022
		£	£	£	£
CURRENT ASSETS
Debtors	2		0.00		718.75
Cash at Bank			87,801.41		115,164.70
			87,801.41		115,883.45
CURRENT LIABILITIES
Creditors	3		300.00		300.00
NET CURRENT ASSETS			87,501.41		115,583.45
REPRESENTED BY:	8
Restricted Funds
Doulos			4,331.59		2,023.11
Serve Team			11,080.00		5,591.64
Leven Valley			-		5,400.00
UK-USA Ministries			1,120.00		700.00
			16,531.59		13,714.75
Unrestricted Funds
Central			70,969.82		101,868.70
			87,501.41		115,583.45
			-

Approved the Trustees on …................................... and signed on their behalf by Mrs K Belmont (Chair)

Page 8

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 NOTES TO THE ACCOUNTS

1 ACCOUNTING POLICIES

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the SORP: Accounting and Reporting by Charities preparing their accounts in accordance with FRS 102 issued on 16 July 2014 and the Charities Act 2011.

The Charity is a registered charity and is exempt from liability to taxation on all its activities.

The trust constitutes a public benefit entity as defined by FRS 102.

Incoming Resources

Donations and Grants

Income from donations and grants is included in incoming resources when they are receivable.

When donors specify that donations and grants are for particular restricted purposes this income is included in incoming resources of restricted funds when receivable.

Gift Aid is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Resources Expended

Resources expended are included in the Statement of Financial Activities on an accruals basis.

Governance costs include those costs incurred in the governance of the Charity and its assets and are primarily associated with constitutional and statutory requirements.

Fund Accounting

Funds held by the Charity are either:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2 DEBTORS Gift Aid Total Debtors 3 CREDITORS Accountancy (Current Year) Total Creditors	2023 £ 0.00 0.00 300.00 300.00	2022 £ 718.75
		718.75
		300.00
		300.00

Page 9

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 NOTES TO THE ACCOUNTS (continued)

4 STAFF COSTS Director's Fees Director's Pension costs Wages and salaries (payroll) Social security costs Pension costs The average number of staff employed during the year was: Charitable activities	2023 £ 29,642.51 813.49 74,468.58 5,727.90 1,455.82 112,108.30 8	2022 £ 27,873.04 750.00 100,911.83 7,404.76 1,374.47
		138,314.10
		10

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

The key management personnel of the charity comprise the Trustees, the Executive Director and the Director. The total employee benefits of the key management personnel were £30,456 (2022: £28,623)

5 FEES FOR THE EXAMINATION OF THE ACCOUNTS Independent Examiner's Fee	2023 £ 300.00 300.00	2022 £ 300.00
		300.00

6 RETIREMENT BENEFITS

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The contributions payable by the charity charged to income and expenditure amounted to £2,269.31 (2022 : £2,124.47). Pension costs have been allocated based on the member of staff to whom the cost relates and the project they work within.

7 RELATED PARTY TRANSACTIONS

During the year, rent totalling £3,600 was paid to All Saints' Church of which Kathryn Belmont is an Employee (2022 : £3,600)

Page 10

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 NOTES TO THE ACCOUNTS (continued)

8 RESTRICTED FUNDS

Doulos This is a three year leadership programme for young people. Students pay a contribution to the costs each year and the majority of funding comes from external sources. Serve Team This fund holds money received from young people who come and serve for the year with Tees Valley Youth for Christ and are placed in local churches to run youth ministry in those locations. Part of the money paid in includes a contribution paid to host homes. The balance at the end of 2023 represents money to be used for Training the new team in the next academic year. Leven Valley This fund was set up to help fund youth ministry in the Leven Valley area. Engagement with churches has been reduced in recent years and the fund has been used to support the general running costs of Tees Valley Youth for Christ by writing it off over the year as a mangament fee to Central. UK-USA Some of the Serve Team raise money through our partner organisation, UKUSA Ministries, based in America. This fund collects and re-distributes funds to the students on a monthly basis. The balance at the end of the year includes funds held for the 2023-24 year. York As of 31 August 2023, Matt Carns is no longer employed by Clifton Parish Church in York. There is no longer any payroll assistance provided by Tees Valley Youth for Christ and so the SLA between the two organisations is no longer in place. Vine Wynward Madi Whaley is currently employed by Vine Church, Wynyard and they pay Tees Valley Youth for Christ each month to cover her salary and a nominal Management Fee as a charge for payroll and training costs. There is an SLA in place between the organisations. TVCC Christa Beriswill is no longer employed by Tees Valley Community Church. There is no longer any payroll assistance provided by Tees Valley Youth for Christ and so the SLA between the two organisations is no longer in place. M'Boro Baptist Vincent Sacco is now employed directly by Middlesbrough Baptist Church. There is no longer any payroll assistance provided by Tees Valley Youth for Christ and so the SLA between the two organisations is no longer in place. GPC Nate Turner is now employed directly by the International Network of Prophetic Centres. There is no longer any payroll assistance provided by Tees Valley Youth for Christ and so the SLA between the two organisations is no longer in place.

1st Sept 2022 Income Expenditure Management Fees 31st Aug 2023	Serve Leven Vine M'Boro Doulos Team Valley UKUSA York Wynyard TVCC Baptist GPC £2,023.11 £5,591.64 £5,400.00 £700.00 £0.00 £0.00 £0.00 £0.00 £0.00 £4,264.71 £12,280.00 £0.00 £42,418.81 £25,037.53 £30,542.34 £0.00 £0.00 £0.00 £7,616.97 £5,710.97 £0.00 £41,998.81 £24,609.09 £30,122.26 £0.00 £0.00 £0.00 -£5,660.74 £1,080.67 £5,400.00 £0.00 £428.44 £420.08 £0.00 £0.00 £0.00	Serve Leven Vine M'Boro Doulos Team Valley UKUSA York Wynyard TVCC Baptist GPC £2,023.11 £5,591.64 £5,400.00 £700.00 £0.00 £0.00 £0.00 £0.00 £0.00 £4,264.71 £12,280.00 £0.00 £42,418.81 £25,037.53 £30,542.34 £0.00 £0.00 £0.00 £7,616.97 £5,710.97 £0.00 £41,998.81 £24,609.09 £30,122.26 £0.00 £0.00 £0.00 -£5,660.74 £1,080.67 £5,400.00 £0.00 £428.44 £420.08 £0.00 £0.00 £0.00
	£4,331.59 £11,080.00 £0.00 £1,120.00 £0.00 £0.00 £0.00 £0.00 £0.00
	1st Sept 2022 Income Expenditure Management Fees 31st Aug 2023	TOTAL £13,714.75 £114,543.39 £110,058.10 £1,668.45
		£16,531.59

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TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 NOTES TO THE ACCOUNTS (continued)

INCOMING RESOURCES Donations and legacies Partnership Pledges Single Gifts - Churches Single Gifts - Individuals Single Gifts - Legacies Gift Aid Other charitable income Misc Income Income from Investments Interest Income 9 Movement in Funds 2022-2023	Unrestricted Central £ 19,319.67 9,615.00 - 5,660.74 958.75	2023 £ 19,319.67 65,194.87 58,963.52 5,660.74 958.75
	35,554.16	150,097.55
	4,360.65	4,360.65
	4,360.65	4,360.65
	644.85	644.85
	644.85	644.85

TOTAL INCOME
	40,559.66	155,103.05
OUTGOING RESOURCES Direct charitable expenditure Directors Fees Directors Pension Other Expenses Payroll: Employers NI Payroll: Salaries Payroll: Pension Training / Conference Travel Expenses Youth Activities Other charitable expenditure Accountancy Bank Charges Insurance Office Costs Telephone / Broadband Rent and Utilities	29,642.51 813.49 678.82 1,456.08 25,048.58 650.82 4,080.24 553.12 3,143.84	29,642.51 813.49 678.82 5,727.90 74,468.58 1,455.82 7,667.62 967.09 54,703.77
	66,067.50	176,125.60
	300.00 139.60 1,102.84 904.29 774.50 3,838.26	300.00 139.60 1,102.84 904.29 774.50 3,838.26
	7,059.49	7,059.49

TOTAL EXPENDITURE	73,126.99	183,185.09
Management Fees Net Movement in Funds FUNDS BROUGHT FORWARD	1,668.45 (30,898.88) 101,868.70	(0.00) (28,082.04) 115,583.45
FUNDS CARRIED FORWARD
	70,969.82	87,501.41

Management Fees: these are internal charges from Central to the restricted funds as a contribution towards general running costs of the Charity. They are shown as transfers on the SoFA. Included in these transfers is a legacy of £5,660.74 which was designated to Doulos by the Trustees to support the leadership course.

Page 12

TEES VALLEY YOUTH FOR CHRIST

YEAR ENDED 31 AUGUST 2023 NOTES TO THE ACCOUNTS (continued)

INCOMING RESOURCES Donations and legacies Partnership Pledges Single Gifts - Churches Single Gifts - Individuals Single Gifts - Grants Gift Aid Other charitable income Misc Income Income from Investments Interest Income 9 Movement in Funds 2021-2022	Unrestricted Central £ 10,783.69 14,250.00 38,027.19 24,500.00 3,123.58	RESTRICTED
	90,684.46
	1,393.57
	1,393.57
	16.01
	16.01

TOTAL INCOME	92,094.04
OUTGOING RESOURCES Direct charitable expenditure Directors Fees Directors Pension Other Expenses Monthly Host Contribution Payroll: Employers NI Payroll: Salaries Payroll: Pension Training / Conference Travel Expenses Youth Activities Other charitable expenditure Accountancy Bank Charges Insurance Licences and Permits Office Costs Telephone / Broadband Rent and Utilities	27,873.04 750.00 682.67 - 1,431.35 19,555.68 537.42 748.99 363.34 7,822.78
	59,765.27
	300.00 278.00 1,063.96 193.60 604.07 709.20 4,104.33
	7,253.16

TOTAL EXPENDITURE	67,018.43
Management Fees Net Movement in Funds FUNDS BROUGHT FORWARD	15,633.71 40,709.32 61,159.38
FUNDS CARRIED FORWARD	101,868.70

Management Fees: these are internal charges from Central to the restricted funds as a contribution towards general running costs of the Charity. They are shown as transfers on the SoFA

Page 13