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2022-03-31-accounts

Charity Number 1122364 Company Number 6244662

GREENWICH YOUTH FOR CHRIST A charitable company limited by guarantee

Report & Financial Statements for the Year ended 31 March 2022

Greenwich Youth For Christ

A charitable company limited by guarantee

Report & Financial Statements for the Year ended 31 March 2022

Contents Page
Legal & Administrative Information 1
Trustees’ / Directors’ Annual Report 2 - 6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes forming part of the financial statements 10 - 15

Trustees’ / Directors’ Annual Report.

The Trustees and directors present its report and independently examined financial statements for the year ended 31[st] March 2022

Legal & Administrative Information

Incorporation: Greenwich Youth for Christ became a company limited by guarantee, and was incorporated on 11[th] May 2007.

Company number: 6244662

Charity number 1122364.

The charity also operates as GYFC

Registered Office & OneSpace Correspondence Address Kidbrooke Park Road London SE3 9YY From July 2022 St James Rectory 62 Kidbrooke Park Road Blackheath London SE3 0DU Trustees: Beverley Campbell (Chair) Christine Ridgwell Carolyn Cartwright Kim Hitch Christopher Ashworth Independent Examiner Peter Saltiel Church & Charity Accounts Service 23460 St Pierre Bellevue Planchadeau France Bankers The Co-operative Bank P O Box 250 Delf House Skelmersdale WN8 6WT

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Greenwich Youth for Christ Trustees’ / Directors’ Annual Report

The trustees present their report for the year ended 31 March 2022.

Objectives and Activities

When planning our activities for the year, the trustees have considered the commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. They have affirmed the following statements in their strategy document: Greenwich Youth for Christ is a registered charity committed to its mission of enhancing the physical, emotional, spiritual, social and intellectual development of young people from all backgrounds.

Our work with young people aims to be high-quality, creative, distinctive and effective. Our faith inspires us to provide the very best for young people, serving the needs of young people within the local community, enabling them to grow holistically through choice and change. The values we hold are derived from our Christian heritage and our desire to demonstrate the relevance of the Christian faith for today.

The objects of the charity are: To promote the Christian faith (in accordance with the Apostles’ Creed set out in the schedule) for the benefit of the public, in particular (but without limitation) in Greenwich and its environs, amongst children and young people;

Structure, governance and Management

Trustee recruitment and appointment The skill sets of existing trustees are reviewed and gaps identified. This process is important in developing a role description for new trustees. Prospective trustees are invited to meet the director and the chair of trustees, the responsibility and expectations of trustees are clearly laid out and the identified role discussed. If it is decided to proceed further, the candidate is invited to attend a trustees meeting as an observer and a subsequent meeting is then held to clarify any outstanding issues. If they wish to proceed, and the other trustees are satisfied, then at the next trustees meeting they will be formally asked to join.

Trustee Induction and Training There are four executive meetings a year, and one strategy morning where key issues are focused on and discussed. Each trustee is given access to the office and to all the paperwork relating to the charity. Emphasis is placed on ensuring that each trustee is well positioned to bring their expertise to bear. As such the CEO invests considerable time in ensuring that trustees are clear about what is happening in their responsibility area. At each executive meeting there is a work report which monitors progress against key objectives set out in the three year development plan. We subscribe to the Charity Commission’s publication ‘governance’ and a copy of this is sent to each trustee. Additionally trustees receive regular trustee updates from National Youth for Christ.

Affiliations Greenwich Youth for Christ is a chartered ministry of Youth for Christ (Charity no. 263446). It is a member of NCVO.

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Policies and Procedures A core value of the organisation is investment in people and we have invested in staff and volunteer training and development. Greenwich Youth for Christ has continued to review and develop policies and procedures, with Safeguarding and Health and Safety being reviewed annually and all other policies being reviewed regularly. The trustees now have a subcommittee overseeing this process. The emphasis is on building a robust structure that will provide a solid base for future expansion. The organisation has undertaken an assessment of the main risks facing the organisation, especially related to finances, and systems are in place to take appropriate action.

Risk Assessment The trustees have a procedure in place to regularly review the risks – financial and non-financial facing the organisation and the trustees are satisfied that appropriate measures to mitigate risk are in place. Internal controls over all forms of commitment and expenditure continue to be refined to improve efficiency. Processes are in place to ensure that performance is monitored and that appropriate management information is prepared and reviewed regularly, by both the executive management and the Board. A programme of monitoring is in place, derived from a comprehensive risk management review.

The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss. They include:

Activities and achievements

Objectives for year 2021/2022

We were successful in securing a partnership with London City Mission to host two Pioneer students. Emmanuel Carvhelo and Abi Pike joined our team in September 2021, with the aim of being with us for 2 years. They would work on Tuesdays and support the work in Mary Magdalene school and 2 Open Access Groups. We did also apply to host gap year students through our national Youth For Christ scheme, however we were unsuccessful. We will continue to refine our projects so as a centre we may be better placed to host them in the future.

We did evaluate our groups and decided that most were still highly valuable, some timings were changed, but all of the Open Access sessions remained. The one session we did decide to end was the Football session run from Onespace in partnership with XLP. Due to low attendance and the impending closure of Onespace, XLP felt it would be better to put resources into developing another project and GYFC felt it was not right to continue the group, especially without it having a direct link with a local church. We were able to launch 3 new groups in partnership with St James Kidbrooke and Blackheath & Charlton Baptist

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Church. In September 2021 we started Vertical, an evening open access group based at BCBC. In Oct 2021 we started Sundays@4 a discipleship based group and in Nov 2021 we launched Jays, an afterschool Open Access group, both running out of St James. All 3 groups have been steadily growing since they launched.

GYFC remains in a fairly stable financial position, largely due to the Furlough scheme and the retention and increase in grants post Covid. The number of regular givers has remained the same. We chose again not to apply to Morden College for the grant we have historically receive from them, we felt it would wise to apply when our finances required it. We were successful in increasing our annual funding from CACT.

At this point we would like to acknowledge, with thanks, the considerable support that we receive, in volunteer time and in many donations both financial and in kind, which adds considerable benefit to our operations, particularly in light of the challenges that this year has brought.

Staffing: This year we have seen our team increase with the introduction of the 2 LCM Pioneer students. Emmanuel Carvhelo and Abi Pike. Helen Baker continues as office manager and Joe Crisp-Hihn continues to be the full time CEO.

Delivery: The operations of the charity are delivered in three main project strands; Open Access Groups, Focused Impact Groups and Church Support. At the heart of the organisation there is a commitment to high quality youth work inspired by our faith. We are actively engaged in local networks and partnerships with local providers, attending church networks, and meeting with other agencies. On a wider level Greenwich Youth for Christ continues to work closely with other Youth for Christ Centres, attending local centre gatherings, drawing on their considerable expertise and resources as one of the largest deliverers of Christian Youth work in the country.

Open Access Groups

Jays group running afterschool at St James Kidbrooke on Tuesdays. The group engages with students from Thomas Tallis and is well supported by volunteers from St James Church.

Vertical group runs on Tuesday evenings in partnership with BCBC. The group is trying to engage with young people in the local community, providing a safe space for them one evening a week and introducing them to all the work and support the church offers.

Hideout runs in partnership with Eltham Green Community Church. The group changed its timings to be directly after school to try to reach students from Halley Academy and continues to engage with a faithful group of young people each week.

Saints Youth Café, run in partnership with St Michael’s Blackheath, relaunched in September

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2021 on Friday evenings. It remains well attended and benefits from large numbers of young leaders attending to help complete the volunteering requirement for their Duke of Edinburgh Bronze award.

Focused Impact work: Our focused impact work was able to restart with the academic year. We returned to Mary Magdalene School, where we delivered Collective Worship, a discussion based lunch club and provided support in RE lessons on Fridays.

Church Support Through partnership we continue to directly support four churches in running Open Access groups. We have continued to help a local church staff their Sunday evening program and another church run a Kick Academy.

Objectives for the coming year

Our objectives for 2022/23 are to :

Financial Review

Financial report Income for the year was £72,788 (2021 £78,392) and expenditure was £54,706 (2021 £54,426) and included restricted fund grants and donations of £9,650 and related expenditure of £8,663 with a restricted fund balance of £100 brought forward and £887 totaling £987 at the year end. A total of £15,764 was claimed from the Government’s Job Retention ‘Furlough’ Scheme. Unrestricted funds at the year-end was £59,820 (2021 £52,085). Details of the restricted funds are shown in Note 9 and the trustees thank the donors of these grants for their support in enabling us to continue our charitable activities.

As part of the ongoing commitment to improving the quality of the organisation’s financial management, the trustees acted on a number of specific issues. We are pleased to report that those measures we put in place in the last financial year have further strengthened our financial management processes.

Fundraising We have continued to develop our fundraising programme. We use financial information and project plans to help strategize this. We operate a rolling programme of fundraising. This includes grant applications, fundraising events and appeals for support from local individuals and churches.

Reserves policy The trustees have again reviewed the reserves requirement in line with the guidance issued by the charity commission and have reaffirmed that 3 months running costs (£12,000) should be set aside or designated to safeguard activities in the event of delays in receipt of grants. This figure has now been achieved with reserves currently £12,408.

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Statement of Trustees Responsibilities and corporate governance

The trustees are responsible for their annual report and for the preparation of financial statements for each financial year, which give a true and fair view of the incoming resources and application of the resources of the charity during the year, and of the state of affairs at the end of the financial year. In preparing these financial statements, the trustees are required to:

The trustees have overall responsibility for ensuring that the charity has appropriate systems and controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose the financial position of the charity and enable them to ensure that the financial statements comply with the companies Act 2006. They are also responsible for safeguarding the assets of the charity and for their proper application, as required by charity law, and hence for taking reasonable steps for prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

Approval

This report was approved by the Directors on 15/11/2022 and signed on their behalf by:

Beverley Campbell

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Independent Examiner’s Report to the Trustees/Directors/Members of the Greenwich Youth For Christ Charity no.: 1122364 Company no.: 6244662

I report on the accounts of the Trust for the year ended 31[st] March 2022 which are set out on pages 8-15.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

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.

Peter Saltiel Church & Charity Accounts Service 7 Planchadeau 23460 Saint-Pierre-Bellevue France

Dated 16 November 2022

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GREENWICH YOUTH FOR CHRIST

Statement of Financial Activities and Income & Expenditure Account for the Year Ended 31st March 2022

Notes
Income and endowments
3
Donations and legacies
3.1
Income from charitable activities
3.2
Fundraising
3.3
Investments
3.4
Total incoming resources
Expenditure on
Charitable activities
4
Net Incoming / (outgoing) resources
for the Year
Total funds balance brought forward
9
Total funds balance carried forward
9		 Unrestricted Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
59,820
9,650
69,470
77,377
-
-
-
1,000
3,313
-
3,313
-
5
-
5
15
63,138
9,650
72,788
78,392
44,842
9,864
54,706
54,426
44,842
9,864
54,706
54,426
18,296
(214)
18,082
23,966
55,660
1,201
56,861
32,895
73,956
987
74,943
56,861

All activities are regarded as continuing.

The above statement includes all recognised gains and losses during the year.

The Balance Sheet and Notes to the Accounts form part of these Financial Statements

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GREENWICH YOUTH FOR CHRIST

Balance Sheet as at 31st March 2022

Notes
Fixed Assets
Tangible Assets
6
Current Assets
Cash at bank and in hand
Debtors
7
Liabilities
Amounts falling due within one year
Creditors: amounts falling
8
Net Current Assets
Total Assets Less Current
Liabilities
Funds
Unrestricted Funds
General Fund
Restricted Funds
9		 £
74,669
1,583
76,252
1,309		 2022
£
£
-
54,706
3,744

58,450
1,589
74,943
74,943
73,956
987
74,943		 2021
£
-
56,861
56,861
55,660
1,201
56,861

The trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31st March 2022:

The accounts have been examined by an independent examiner whose report appears on page 8.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The Notes on pages 10 to 15 form an integral part of these accounts.

These accounts, which have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies, were approved by the Trustees/Directors on 15/11/2022 and signed on their behalf by:

Beverley Campbell

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GREENWICH YOUTH FOR CHRIST

Notes to the Accounts for the year ending 31[st] March 2022

1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts, accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

There are no changes in the basis of accounting have been made during the year.

There have been no changes to the previous accounts during the financial year.

The trustees have not made any significant judgements in the process of applying the accounting policies.

1.5 Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has sufficient reserves and that the charity is a going concern.

2 Accounting policies

2.1 Fund accounting

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GREENWICH YOUTH FOR CHRIST

Notes to the Accounts for the year ending 31[st] March 2022 (cont’d)

2 Accounting policies (cont’d)

Management and administration costs of the charity relate to the costs of running the charity and includes any costs which cannot be specifically identified to another expenditure.

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GREENWICH YOUTH FOR CHRIST

Notes to the Accounts for the year ending 31[st] March 2022 (cont’d)

2 Accounting policies (cont’d)

2.5 Assets

a) Fixed assets

Fixed assets in excess of £500 are capitalised and depreciated over their estimated useful life.

Depreciation period in respect of equipment is over three years.

2.6 Liabilities

Current liabilities are obligations to pay for goods or services within one year.

2.7 Retirement benefits

The company operates a defined contribution scheme for certain of its employees. Pension premiums are charged as they are paid.

2.8 Taxation

The company is a registered charity and is exempt from taxation under the Income and Corporation Tax Acts.

2.9 Cashflow statement

The company has taken advantage of the exemption provided by the FRS SORP and has not prepared a Cash Flow Statement for the year.

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GREENWICH YOUTH FOR CHRIST

Notes to the Accounts for the year ending 31[st] March 2022 (cont’d)

3
3.1
3.2
3.3
3.4
Total		 Analysis of income
Voluntary Income
Donations
Grants
Tax reclaims
Income from charitable activities
Sale of donated goods
Fundraising
Miscellaneous
Investments
Interest
income		 Unrestricted
Restricted
Total
Total
Fund
Fund
Funds
Funds
2022
2022
2022
2021
£
£
£
£
39,014
-
39,014
42,434
15,764
9,650
25,414
29,170
5,042
-
5,042
5,773
59,820
9,650
69,470
77,377
-
-
-
1,000
-
-
-
1,000
3,313
-
3,313
-
3,313
-
3,313
-
5
-
5
15
5
-
5
15
63,138
9,650
72,788
78,392

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GREENWICH YOUTH FOR CHRIST

Notes to the Accounts for the year ending 31[st] March 2022 (cont’d)

4 Analysis of expenditure

4 Direct costs
Staff costs
Staff training
Travel & subsistence
Volunteer costs
Residential visits
Events
Publicity and promotion
Equipment and resources
Premises costs
Technical support
Telephone and internet
Gifts
Other expenses
Support costs
Support costs
Governance costs
Printing, postage and stationery
Subscriptions and professional fees
Total expenditure		 Unrestricted
Restricted
Total
Total
Fund
Fund
Funds
Funds
2022
2022
2022
2021
£
£
£
£
34,935
8,440
43,375
46,431
-
200
200
113
-
29
29
-
520
-
520
-
135
516
651
-
104
-
104
-
-
31
31
-
88
648
736
-
4,268
-
4,268
4,268
798
-
798
148
-
-
-
-
2,620
-
2,620
2,100
-
-
-
5
1,374
-
1,374
1,361
44,842
9,864
54,706
54,426
738
-
738
738
10
-
10
-
626
-
626
623
1,374
-
1,374
1,361
44,842
9,864
54,706
54,426

5 Staff costs

Gross wages, salaries and benefits in kind
Employers' NIC
Employers' pension costs
Number of employees		 2022
2021
£
£
31,193
42,376
-
313
3,742
3,742
34,935
46,431
1.42
1.5

No employee received a remuneration of over £60,000.

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GREENWICH YOUTH FOR CHRIST

Notes to the Accounts for the year ending 31[st] March 2022 (cont’d)

6 Tangible Assets:

All tangible assets are depreciated in full.

7 Debtors:

Tax recoverable
Accruals & Prepayments		 2022
2021
£
£
483
2,744
1,100
1,000
1,583
3,744
8
Creditors:
Social security and other taxes
Accruals		 2022
2021
£
£
571
539
738
1,050
1,309
1,589

9 Statement of Funds:

Fixed assets
Bank and cash
Debtors
Creditors
Unrestricted funds
Restricted Funds
Charlton Athletic Charitable Trust
Jack Petchey Award		 Unrestricted
Restricted
Total 2022
Total 2021
Funds
Funds
Funds
Funds
-
-
-
77,832
(3,163)
74,669
54,706
(2,567)
4,150
1,583
3,744
(1,309)
-
(1,309)
(1,589)
73,956
987
74,943
56,861
1st Apr
Income
Expenditure
31st Mar
£
£
£
£
55,660
63,138
(44,842)
73,956

-
8,800
(8,700)
100
1,201
850
(1,164)
887
56,861
72,788
(54,706)
74,943

Charlton Athletic Community Trust

10 Remuneration to Trustees:

The trustees received no remuneration during the year and none of their expenses were reimbursed.

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