## **Together Income Statement 28Sept 2004 to 28 Feb 2005** ## **Income** Charity Shop Sales Donations ## **Expenditure** Start-up Expenses Salary Rent General Rates Fire alarm costs Insurance Electricity Telephone Labels,sacks etc Office Expe Coffee machine supplies Vending machine costs Sundries ## **Net Profit** **Chislehurst Youth for Christ Income Statement Period ending 28th February 20** ## **Income** Donations ## **Expenditure** Printing and postage Youth Work expenses ## **Net Profit** **£ 21,671 6,173 27,844** **3,668 6,892 8,385 560 407 0 302 154 135 63 614 423 153 21,756 6,088** ## **005** **10,569** **72 63 135 10,434** **REGISTERED COMPANY NUMBER: 0636276 REGISTERED CHARITY NUMBER: 1122523** **Chislehurst YFC Limited Report of the Trustees and Financial Statements for the Year Ended 28th February 2022** **Chislehurst YFC Limited Contents of the Financial Statements for the Year Ended 28th February 2022** ||Page| |---|---| |Report of the Trustees|1 to 3| |Independant Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6 to 7| |Notes to the Financial Statements|8 to 10| **Chislehurst YFC Limited Report of the Trustees for the Year Ended 28th February 2022** The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, p their report with the financial statements of the charity for the year ended 28th February 2021. T trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accoun and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number :** 06362767 **Registered Charity number :** 1122523 ## **Registered Office** 103 High Street Chislehurst Kent BR7 5AG ## **Trustees** Mr Derek Holl - Chairman Mr Andrew Cartwright Mr Andrew Junaid Mrs Angela Short Mr Gary Byfield ## **Independent Examiner** Mrs Louise Burt BCom(Hons) CA(SA) 7 Daverna Close Chislehurst BR7 5QZ ## **Principal Bankers** NatWest 143 High Street Bromley BR1 1JH ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The company was incorporated on 6th September 2007 and is governed by its Memorandum and Articles of Association. It constitutes a company limited by guarantee, as defined by the Compan Act 2006. The directors of the company are the trustees of the charity. Day to day responsibility the running of the Trust is carried out by the Trustees, who met 7 times during the year. Page 1 **Chislehurst YFC Limited Report of the Trustees - continued for the Year Ended 28th February 2022** ## **Recruitment and appointment of new trustees** The trustees are appointed at the Annual General Meeting in accordance with the Articles of Association for a period of three years and retire by rotation. Those selected have a breadth of experience of our work and reflect the make-up of our supporting churches. ## **Induction and training of new trustees** New trustees are instructed in the ethos of working in a Trust. We also take advantage, as neces of training opportunities for trustees offered by YFC. ## **Risk Management** Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety o staff, volunteers, young people and visitors to the shop and the youth centre. This policy and its implementation are under annual review. Working with Youth for Christ nationally we have a saf guarding policy covering our work in schools and at our youth centre . This is based on the Thirtyone:eight guidance and caters for our various volunteer and staff levels of responsibilit and includes a lone working policy to ensure everyone can conduct their work in a safe context. The Trustee responsible for safeguarding is Derek Holl, who has been appointed to advise the CE and to receive any concerns that may arise amongst staff and volunteers. ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The object of the charity, as stated in the Memorandum and Articles of Association, is to give eve to 18 year old living in Chislehurst the opportunity to hear and respond to the gospel, and to dev Christian youth work in the area. It is a local ministry in partnership with Youth for Christ (UK). The Trustees have considered the Charity Commission guidance on public benefit and are satisfi that both the aims of CYFC and what it delivers meets the public benefit test. Firstly, we believe that knowledge of the Christian faith is of immense value to young people in declaring to them that they are loved by God and valued for themselves, whatever their circumst secondly our contacts with young people teach social justice and demonstrate the advantage to t community of social awareness and interdependence. We are not aware of any detriment or harm may arise from our aims or activities. Apart from limiting our work to the Chislehurst area for pr reasons of size and limited resources, there are no restrictions on any young person accessing ou activities by their ability to pay or for any other reason. There is no charge to take part in our pr activities. Where a charge has to be made for trips outside the area the cost is never more than t direct expenses incurred and is often heavily subsidised below cost. No young person has ever b prevented from taking part in our activities because of poverty. ## **Significant activities** Money is raised through the sale of donated goods in a charity shop and through donations and fundraising. The charity shop has paid managers and over 30 dedicated volunteers. Financial donations are received from organisations and individuals. The money raised is used to pay for a Youth Work team whose job is to form relationships with young people through youth clubs (thos we run ourselves and those we support), local schools and holiday activities. The last 12 months has seen the charity recover from the effects of the Covid-19 pandemic and re-establish relationships with schools, running faith clubs and mentoring young people. Page 2 ## **Report of the Trustees - continued For the Year Ended 28th February 2022** ## **Significant activities cont.** We have also begun to develop new initiatives, including working with the Met police to develop a 'youth violence and knife crime' awareness course, which we are currently piloting. More broadly we have continued to develop our relationships with churches, both in Chislehurst and more widely across the borough. We have established a network for youth workers in Broml and have hosted several events. Over the year we have strengthened our staff team, which has included appointing on a permanent basis our interim CEO. Our charity shop, 2gether, has made excellent recovery from the pandemic and due to the hard work of our superb volunteer and shop management team our sales are almost back to pre - Covid levels. ## **FINANCIAL REVIEW** ## **Reserves policy** The Trustees have examined the charity's requirement for cash reserves in light of the main risk organisation. It has established a policy whereby the funds not committed to future expenditure should be 3 months of the budgeted charitable expenditure for the year. This is necessary to mee the working requirements of the charity in the event of a significant drop in funding. ## **ON BEHALF OF THE BOARD** .......................................... Mr Derek Holl - Chairman Date: ................................ Page 3 ## **Independant Examiner's Report to the Trustees of Chislehurst YFC Limited** I report on the accounts for the year ended 28th February 2022 set out on pages 5 to 10. ## **Respective responsibilities of Trustees and examiner** The charity's trustees (who are also the directors for the purposes of company law) are responsib the preparation of the accounts. The charity's trustees consider that an audit is not required for year (under Section 144(2) of the Charities Act 2011 ( the 2011 Act)) and that an indepedent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible independent examination, it is my responsibility to: - examine the accounts under Section 145 of the 2011 Act - follow the procedures laid down in the General Directions given by the Charity Commissi Section 145(5)(b) of the 2011 Act); and - state whether particular matters have come to my attention. ## **Basis of the Independent Examiner's Report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanantions from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that w be required in an audit, and consequently no opinion is given as to whether the accounts present true and fair view' and the report is limited to those matters set out in the statements below. ## **Independant examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that, in any material respect, the requireme - to keep accounting records in accordance with Section 386 of the Companies Act 2 - to prepare accounts which accord with the accounting records, comply with the acc requirements of Section 394 and 395 of the Companies Act 2006 and with the meth principles of the Statement of Recommended Practice: Accounting and Reporting b have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper underst of the accounts to be reached. Mrs Louise Burt BCom(Hons) CA(SA) 7 Daverna Close Chislehurst BR7 5QZ Date: …19/09/2022........................... Page 4 **Chislehurst YFC Limited Statement of Financial Activities for the Year Ended 28th February 2022** |Notes
**INCOMING RESOURCES**
**Income from Charity Shop:**
Sale of donated goods
Charity Shop costs
2
Covid grants received
Donations
Gift Aid
**Total Incoming Resources**
**RESOURCES EXPENDED**
Charitable activities
3
Contribution to Youth for Christ
4
**Total resources expended**
**NET INCOMING RESOURCES &**
**MOVEMENT OF FUNDS**
**RECONCILLIATION OF FUNDS**
**TOTAL FUNDS CARRIED FORWARD**
At 28th February 2022
**Total funds brought forward**at 1st March 2021|**146,713**
**42,829**|**2022**
**£**
**103,884**
**15,353**
**1,111**
**164**| |---|---|---| |||| |||**120,512**| |||**95,442**
**5,000**| |||**100,442**| |||**20,070**
**372,617**| |||**392,687**| All amounts relate to continuing activities. All recognised gains and losses are included in these financial statements. All income is unrestricted. The notes form part of these financial statements Page 5 **Chislehurst YFC Limited Balance Sheet at 28th February 2022** |Notes
**TANGIBLE FIXED ASSETS**
103 High Street, Chislehurst
**CURRENT ASSETS**
Debtors
6
Cash at bank and in hand
7
**CURRENT LIABILITIES**
8
**NET CURRENT ASSETS**
**LONG TERM LIABILITIES**
Mortgage
9
Bounce Back Loan
10
**NET ASSETS**
**TOTAL FUNDS**
11|**2022**
**£**
**421,341**| |---|---| ||**9,684**
**65,509**| ||**75,193**
**(21,375)**| ||**53,818**| ||**82,723**
**41,285**| ||**124,008**
**351,151**| ||**361,151**| The notes form part of these financial statements Page 6 **Chislehurst YFC Limited Balance Sheet - continued** ## **at 28th February 2022** The charitable company is entitled to exemption from audit under Section 477 of the Companies the year ended 28th February 2022. The members have not required the charitable company to obtain an audit of its financial statem year ended 28th February 2022 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibility for - (a) ensuring that the charitable company keeps accounting records that comply with Section Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial accordance with the requirements of Section 396 and which otherwise comply with the re the Companies Act 2006 relating to financial statements, so far as applicable to the charit These financial statements have been prepared in accordance with the provisions applicable to s companies subject to the small company regime and in accordance with FRS 102 SORP. The financial statements were approved by the Board of Trustees on ............................... and wer behalf by: ............................... Mr Derek Holl - Chairman ............................... Mrs Philippa Robinson - Treasurer Page 7 **Chislehurst YFC Limited Notes to the Financial Statements for the Year Ended 28th February 2022** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, with item at cost or transaction value unless otherwise stated in the relevant notes, and in accordanc Statement of Recommended Practice: Accounting and Reporting by Charities preparing the in accordance with the Financial Reporting Standard applicable in the UK and Republic of issued on 16 July 2014 and with the Charities Act 2011. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the char entitled to the income and the amount can be quantified with reasonable accuracy. ## **Fixed Assets and depreciation** Purchase of individual items of furniture, fittings and equipment under £1,000 are expense No depreciation has been provided on the freehold property as the Trustees consider that i not less than cost. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings t all cost related to the category. Where costs cannot be directly attributed to particular hea have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from Corporation Tax on its charitable activities. ## **2. CHARITY SHOP COSTS** |**2. CHARITY SHOP COSTS**|| |---|---| ||**2022**| ||**£**| |Shop Salaries - after Job Retention Claims|**26,592**| |Rates|**577**| |Repairs and renewals|**4,069**| |Electricity|**852**| |Equipment|**219**| |Fire alarm|**185**| |Insurance|**1249**| |Telephone/broadband|**500**| |Rubbish removal|**6206**| |Pricing etc.|**225**| |PPE costs|**98**| |Sundries|**411**| |Staf/volunteers socials/gifts|**485**| |Tea/cofee etc|**164**| |Cleaning|**861**| |Ofice expenses|**136**| **42,829** Page 8 **Chislehurst YFC Limited Notes to the Financial Statements - continued for the Year Ended 28th February 2022** ## **3. CHARITABLE ACTIVITIES** |**3. CHARITABLE ACTIVITIES**|| |---|---| |Salaries - after Job Retention Claims
Pension costs
Insurance
Mortgage Interest paid
BBL interest paid
Youth Work expenses
Youth Club expenses
Furniture/equipment
Repairs and renewals
Telephone/broadband
Rent and Rates
Alarm/CCTV
Light and heat
Sundries
Rubbish removal
Cleaning
Printing & postage
Ofice expenses|**2022**
**£**
**74246**
**4094**
**608**
**4656**
**807**
**763**
**1353**
**0**
**685**
**776**
**4760**
**260**
**554**
**572**
**200**
**117**
**149**
**842**| ||**95442**| ## **4. CONTRIBUTION TO YOUTH FOR CHRIST** In return for help and advice given to us during the year we make an annual contribution t Christ UK (YFC). This is used to help with the opening of new YFC centres. ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 28th February ## **Trustees' Expenses** There were no trustees' expenses paid for the year ended 28th February 2022 Page 9 **Chislehurst YFC Limited Notes to the Financial Statements - continued** ## **6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|| |---|---| |VAT reclaim
Other debtors|**2022**
**£**
**950**
**8,734**| ||**9,684**| ## **7. CASH AT BANK** The figure for Cash at Bank includes the Bounce Back loan of £46,000 and also reflects th during the year from local and central government. ## **8. CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR** |Mortgage repayments
Bounce Back Loan repayments
Other creditors|**2022**
**£**
**3,191**
**4,654**
**13,530**| |---|---| ||**21,375**| ## **9. MORTGAGE** A new mortgage was taken out on 29th January 2020 for £138,000 secured on the freehold Street, Chislehurst . It is for a term of 20 years, at a rate of 3.96% fixed for 3 years. In October 2021 £45,000 from the Bounce Back Loan was used to pay down the mortgage The amount outstanding at 28th February 2022 which falls due after 1 year is £82,723. ## **10. BOUNCE BACK LOAN** The Government Bounce Back Loan was taken out on 15th March 2020 to the value of £46 of 10 years at a rate of 2.5%, with no interest payable for the first year. The amount outstanding at 28th February 2022 whivh falls due after 1 year is £41,285. ## **11. MOVEMENT IN FUNDS** |||||| |---|---|---|---|---| |**11.**|**MOVEMENT IN FUNDS**|||Net m'ment| |||At 1/3/21||in funds| ||||£|£| ||General Fund||334,457|20,070| Net movement in funds, included in the above, are as follows: ||Incoming|Resources|Gains &|| |---|---|---|---|---| ||resources|expended|losses|| ||£|£|£|| |General fund|**120,512**|**100,442**||**0**| **12.** The trustees continue to monitor the impact of the COVID-19 virus on the business. Page 10 present The ting les for ssary, l of fe- ty EO ery 11 velop fied tances; the m that ractical ur rimary the been a se ian .Stothe ble for r this e for ion (under d a ould t a ents 006; and counting hods and by Charities tanding ## 2021 £ 52,651 (23,860) 52,026 1,341 184 82,342 57,611 5,000 62,611 57,891 314,726 372,617 2021 £ 421,341 11,565 92,516 104,081 (18,104) 85,977 130,312 42,549 172,861 334,457 334,457 Act 2006 for ments for the 386 of the e charitable year in quirements of able company small re signed on it ms recognised ce with the eir accounts Ireland (FRS rity is legally ed as incurred it's value is that aggregat dings they 2021 £ 14,763 174 8 982 - 326 1,235 458 4,120 83 428 460 249 116 450 8 23,860 2021 £ 38,444 2,549 755 5,437 600 1,109 56 60 1,031 5,752 234 783 402 - 288 9 102 57,611 to Youth for 2022. 2021 £ 1,264 10,301 11,565 he grants rece 2021 £ 9,882 10,400 20,282 d property at e. 6,000. It is for At 28/2/22 £ **354,527** Movement in funds £ **20,070**