2022-12-31-accounts - The Kenelm Youth Trust Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees
Report ofthe Independent Auditors
Consolidated Statement ofFinancial	Activities	15
Consolidated Balance Sheet		16
Consolidated Statement ofCash Flows		17
Notes to the Consolidated Statement	ofCash Flows	18
Notes to the Consolidated Financial	Statements	19

				Unrestricted	Restricted	Total	Total
			Note	Funds	Funds	Funds	Funds
				2022	2022	2022	2021
Income:
Grants and donations				391,594	45,500	437,094	849,268
Charitable activities				706,526		706,526	308,954
Trading activities				83,727		83,727	82,137
Fundraising				8,425		8,425	5,922
Investments				1,362		1,362	685
Other				7,124		7,124	5,769
Total income				1,198,758	45,500	1,244,258	1,252,735
Expenditure:
Costs ofgenerating	grants and donations		6	56,267	4,000	60,267	36,230
Charitable activities			7	1,128,896	116,745	1,245,641	974,912
Trading activities				15,022		15,022	5,695
Fundraising				3,489		3,489	7,384
Governance costs			8	69,114		69,1]4	52,42]
Total expenditure				1,272,788	120,745	1,393,533	1,076,642
Net income/(expenditure)		for the year		(74,030)	(75,245)	(149,275)	176,093
Transfers between	funds
Net movement in funds				(74,030)	(75245)	(149,275)	176,093
Total funds brought	forward			808,115	160,293	968,408	792,315
Total funds carried	forward			734,085	85,048	819,133	968,408

					Group	Group	Charity	Charity
					2022	2021	2022	2021
				Note
Fixed assets
Tangible assets				13	152,159	203,373	152,159	203,373
Investments				]4			I	I
					152,159	203,373	152,]60	203,374
Current assets
Debtors				15	187,995	285,258	176,361	285,258
Cash at bank				16	750,366	713,972	691,944	640,070
Cash in hand					2,268	],893	2,268	1,893
					940,629	1,001,123	870,573	927,221
Liabilities
Creditors:	Amounts		falling due
within	one year			17	(273,655)	(236,088)	(261,407)	(227,603)
Net current		assets			666,974	765,035	609,]66	699,618
Net assets					819,133	968,408	761,326	902,992
The funds	ofthe charity
Unrestricted		income	funds	2]	734,085	808,115	676,278	742,699
Restricted	income funds			20	85,048	160,293	85,048	]60,293
					819,133	968,408	761,326	902,992

					Group	Group	Charity	Charity
					2022	2021	2022	2021
				Note
Cash flows from operating			activities		36,769	185,448	52,249	135,558
Cash flows from investing			activities
Purchase oftangible	fixed	assets				(57,756)		(57,756)
Change in cash and	cash	equivalents		in the year	36,769	127,692	52,249	77,802
Cash and cash equivalents		at the beginning
ofthe year				2	715,865	588,173	641,963	564,161
Cash and cash equivalents			at the end
ofthe year					752,634	715,865	694,212	641,963

						Group	Group	Charity	Charity
						2022	2021	2022	2021
Net cash inflow from operating			activities
Net income/(expenditure)						(149,275)	176,093	(141,666)	120,785
Depreciation						51,214	43,849	51,214	43,849
Decrease/(increase)	in trade	debtors				(74,280)	(66,810)	(57,396)	(66,810)
Decrease/(increase)	in amounts		owed by group undertak					(5,250)	7,938
Decrease/(increase)	in other	debtors				184,189	(74,485)	184,189	(74,485)
Decrease/(increase)	in prepayments			and accrued income		(12,646)	(2,887)	(12,646)	(2,887)
Increase/(decrease)	in trade creditors					(49,882)	63,570	(49,882)	63,775
Increase/(decrease)	in other	creditors				(16,641)	11,701	(16,641)	11,701
Increase/(decrease)	in social	security		and other taxes		34,740	(9,762)	34,740	(9,762)
Increase/(decrease)	in accruals					20,871	6,307	20,811	6,307
Increase/(decrease)	in deferred income					48,479	37,872	44,776	35,147
Net cash provided	by/(used	in) operating			activities	36,769	185,448	52,249	135,558
CASH AND CASH	EQUIVALENTS
						Group	Group	Charity	Charity
						2022	2021	2022	2021
Bank current accounts						104,353	124,727	45,931	50,825
Bank deposit accounts						646,013	589,245	646,013	589245
Cash in hand						2,268	1,893	2,268	1,893
						752,634	715,865	694,212	641,963
ANALYSIS OFCHANGES IN NET DEBT
							Balance at	Cash	Balance at
							01.01.2022	flows	31.12.2022
GROUP
Cash at bank							713,972	36,394	750,366
Cash in hand							1,893	375	2,268
							715,865	36,769	752,634
CHARITY
Cash at bank							640,070	51,874	691,944
Cash in hand							1,893	375	2,268
							641,963	52/49	694,212

			Unrestricted	Restricted	Total	Total
			Funds	Funds	2022	2021
Grants - Diocese ongoing grants			304,260		304,260	380,319
Donated facilities - rent free premises			45,600		45,600	45,600
Government	coronavirus support	grants	7,553		7,553	116,451
Other grants	and donations		34,181	45,500	79,681	306,898
			391,594	45,500	437,094	849,268

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2022	2021
Alton Castle	533,589		533,589	228,649
Soli	133,070		133,070	34,805
BCYS	8,012		8,012	7,363
Lay Chaplaincy	31,855		31,855	38,137
	706,526		706,526	308,954

			Unrestricted	Restricted	Total	Total
			Funds	Funds	2022	2021
Bank interest receivable			1,362		1,362	685
COSTSOFGENERATING		GRANTS AND DONATIONS
				2022		2021
		Direct
		Charitable	Support
		Expenditure	Costs	Grantmaking	Total	Total
Unrestricted	funds	5,000	5],267		56,267	36/30
Restricted	funds	4,000			4,000
		9,000	51,267		60,267	36330

EXPENDITU	R	E ON CHARITABLE	ACTIVITIES
					2022		2021
			Direct
			Charitable	Support
			Expenditure	Costs	Grantmaking	Total	Total
Unrestricted	funds
Alton Castle			149,878	657,726		807,604	469,384
Soli			12,060	137,557		149,617	110,237
BCYS			11/04	109,434		120,638	92,631
Lay Chaplaincy			9,508	41,529		51,037	33,538
Total unrestricted		funds	182,650	946,246		1,128,896	705,790
Restricted funds
Alton Castle			11,752	71,732		83,484	207,604
Soli				7,270		7,270
BCYS				2,000		2,000
Lay Chaplaincy			8,248	15,743		23,991	61,518
Total restricted	funds		20,000	96,745		116,745	269,122
Total charitable		activities expenditure	202,650	1,042,991		1,245,641	974,912

		Wages				Information
		and	Personnel	Establishment	Maintenance	Technology
		Salaries	Costs	Costs	Costs	Costs
Allocated to charitable activities:
Alton Castle - unrestricted	funds	356,146	58,610	112,307	93,111	6,919
Alton Castle - restricted funds		19,423	4,408	938	36,790	1,539
Soli - unrestricted funds		70,255	12,378	34,551	6,755	2,386
Soli - restricted funds		2,000	5,270
BCYS - unrestricted funds		90,124	10,889	2,552	72	1,880
BCYS - restricted funds		2,000
Lay Chaplaincy -unrestricted funds		33,397	2,546	898	286	508
Lay Chaplaincy -restricted	funds	15,743
Total allocated to charitable	activities	589,088	94,101	151,246	137,014	13,232
Allocated to voluntary income		37,574	958	3,984	1,268	2,252
Allocated to governance costs		50,706	801	2,656	845	1,501
		677,368	95,860	157,886	139,127	16,985
				2022		2021
		Legal and
		Professional		OITice
		Fees	Marketing	Costs	Total	Total
Allocated to charitable activities:
Alton Castle - unrestricted	funds	9,099	3,814	17,720	657,726	386,741
Alton Castle - restricted funds		3,500	3,500	1,634	71,732	120,797
Soli - unrestricted funds		2,269	252	8,711	137,557	99,166
Soli - restricted funds					7,270
BCYS - unrestricted funds		137	937	2,843	109,434	88,788
BCYS - restricted funds					2,000
Lay Chaplaincy -unrestricted funds		543	26	3,325	41,529	32,633
Lay Chaplaincy -restricted	funds				15,743	39,734
Total allocated to charitable	activities	15,548	8,529	34,233	1,042,991	767,859
Allocated to voluntary income		2,410	115	2,706	51/67	36,230
Al located to governance costs		10,801		1,804	69,114	51,161
		28,759	8,644	38,743	1,163,372	855,250

				Trading					Lay
				Activities	Alton Castle	Soli	BCYB	~Cha	laiac
				K
Deferred	income	at 1st January 2022
and released to		incoming	resources	7,225	107,032	13,350			15,500
Income	received	in year		87,429	490,589	137,639	31,386		33,988
Deferred	income	at 31st December 2022		(10,927)	(64,032)	(17,919)	(23,374)	(17,633)
				83,727	533,589	133,070	8,012		31,855

		2022	2021
Charitable activities and administration		34	25
The aggregate	payroll costs ofthese persons were as follows;-
		2022	2021
Wages and salaries		579,219	424,734
Social security	costs	40,561	28,575
Pension costs		57,588	54,057
		677,368	507,366

MOVEM	ENT IN TO	TAL FUNDS FOR	THE YEAR
				2022	2021
Movement	in total funds for the year is stated after charging;
Depreciation oftangible		fixed assets		51,214	43,849
Auditors'	remuneration	-audit work		9,195	8,760
Auditors'	remuneration	—other accountancy	work	3,045	3,695

The statement offin	ancial a	ctivities ofthe charity	alone is as follows:
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022	2022	2021
Income:
Grants and donations			457,010	45,500	502,510	859,376
Charitable activities			706,526		706,526	308,954
Trading activities			21,812		21,812	12,054
Fundraising			8,425		8,425	5,922
Investments			1,362		1,362	685
Other			7,125		7,125	5,769
Total income			1,202,260	45,500	1,247,760	1,192,760
Expenditure:
Costs ofgenerating	grants and donations		56,267	4,000	60,267	36,230
Charitable activities			1,128,896	116,745	1,245,641	974,912
Trading activities			12,235		12,235	2,288
Fundraising			3,489		3,489	7,384
Governance costs			67,794		67,794	51,161
Total expenditure			1,268,681	120,745	1,389,426	1,071,975
Net income/(expenditure)		for the year	(66,421)	(75,245)	(141,666)	120,785
Transl'ers between	funds
Net movement in funds			(66,421)	(75,245)	(141,666)	120,785
Total funds brought	forward		742,699	160,293	902,992	782,207
Total funds carried	forward		676,278	85,048	761,326	902,992

	Improvements	Household	Motor	Office	Office
	~to Pro e	~Eui ment	Vehicles	~Eui	ment	Total
Cost
At 1stJanuary 2022	93,143	263,518	20,865		13,424	390,950
Additions
Disposals
At 31st December 2022	93,143	263,518	20,865		13,424	390,950
Depreciation
At 1stJanuary 2022	12,249	150,072	16,225		9,031	187,577
Charge for the year	2,070	44,753	1,160		3+31	51,214
Disposais
At 31st December 2022	14,319	194,825	17,385		12/62	238,791
Net book value
At 31st December 2022	78,824	68,693	3,480		1,162	152,159
At 31st December 2021	80,894	113,446	4,640		4,393	203,373

Shares in Group
~Undenektn s

				2022	2021
Turnover				69,665	75,358
Expenditure				(11,858)	(9,942)
Profit for the financial year				57,807	65,416
Retained	earnings	at beginning ofyear		65,416	10,108
GiA aid	donation	to The Kenelm Youth Trust	Limited	(65,416)	(10,108)
Retained	earnings	at end ofyear		57,807	65,416
The assets and liabilities ofKenelm Hospitality			Limited are:
Current	assets			75,306	73,902
Current	liabilities			(17,498)	(8,485)
Aggregate share		capital and reserves		57,808	65,417

DEBTORS:	AMOUNTS FALLING DUE WIT	HIN ONE YEAR
		Group	Group	Charity	Charity
		2022f	2021	2022	2021
Trade debtors		149,790	75,510	132,906	75,510
Amounts owed by group undertakings				5,250
Other debtors		10,068	194,257	10,068	194,257
Prepayments	and accrued income	28,137	15,491	28,137	15,491
		187,995	285,258	176,361	285,258

CASH	AT BANK
		Group	Group	Charity	Charity
		2022	2021	2022	2021
Current	accounts	104,353	124,727	45,931	50,825
Deposit	accounts	646,013	589,245	646,013	589,245
		750,366	713,972	691,944	640,070

		Group	Group	Charity	Charity
		2022	2021	2022	2021
Trade creditors		34,272	84,154	34,272	84,154
Other creditors		411	17,052	411	17,052
Taxation	and social security	62,551	27,811	62,551	27,811
Accruals		42,535	21,664	41,215	20,404
Deferred	income	133,886	85,407	122,958	78,182
		273,655	236,088	261,407	227,603

					Balance at	Incoming	Outgoing		Balance at
					01.01.2022	resources	resources	Transfers	31.12.2022
Lay Chaplaincy					21,074				21,074
Helen Scahi1l Memorial	Fund				2,944		(127)		2,817
Children on Retreat					9,774		(429)		9,345
Support Fund for Girls					36,246		(1,800)		34,446
The Brian Shaw Memorial		Fund (1)			1,000		(1,000)
The Brian Shaw Memorial		Fund (2)			900		(900)
Stitchting Benevolentia					4,063		(4,063)
Allchurches Trust Limited					7,928		(7,928)
29th May 1961Charitable		Trust			6,000	3,000	(6,000)		3,000
Baron Davenport Trust						1,250			1,250
The Culture Recovery	Fund		for Heritage		64,437		(64,437)
Diocesan Education Service						10,000	(10,000)
The Hedley Foundation					3,000				3,000
Persimmon Charitable	Foundation				57	5,000	(4,691)		366
Gowling (WLG) Charitable			Trust		500		(500)
Sir Harold Hood's Charitable				Trust		5,000	(2,000)		3,000
Souter Charitable Trust					2,370		(2,370)
The Rowlands Trust						3,000			3,000
Wilmcote Charitrust						750			750
La Farage Tarmac						14,500	(14,500)
Sylvia Waddilove Foundation				UK		3,000			3,000
					160,293	45,50D	~(120,745		85,048

			Balance at	Incoming	Outgoing		Balance at
			01.01.2021	resources	resources	Transfers	31.12,2021
Lay Chaplaincy			21,074				21,074
Helen Scahill Memorial Fund			3,698		(754)		2,944
Children on Retreat			9,774				9,774
Support Fund for Girls			36,664		(418)		36,246
Refurbishment			13,954		(1,575)	(12,379)
The Clive and Sylvia Richards Charity			6,017		(6,017)
DM Thomas Foundation			4,000		(4,000)
Grantham Yorke Trust			2,500		(2,500)
Michael Marsh Charitable			5,000		(3,473'&	(1,527)
Maurice and Hilda Laing Trust			5,000			(5,000)
Assumption Legacy Fund			20,000		(20,000)
Holy Child ofJesus			20,000		(4,421)	(15,579)
The Brian Shaw Memorial	Fund (I)		1,000				1,000
The Brian Shaw Memorial	Fund (2)			900			900
Stitchting Benevolentia			53,605		(49,542)		4,063
Allchurches Trust Limited			9,904		(1,976)		7,928
29th May 1961 Charitable	Trust		3,000	3,000			6,000
Baron Davenport Trust			1,000	1,000	(2,000)
The Culture Recovery Fund		for Heritage	30,940	192,000	(158,503)		64,437
Diocesan Education Service				10,000	(10,000)
The Hedley Foundation				3,000			3,000
Persimmon Charitable Foundation				1,000	(943)		57
Gowling (WLG) Charitable		Trust		500			500
Sir Harold Hood's Charitable		Trust		3,000	(3,000)
Souter Charitable Trust				2,370			2,370
			247,130	216,770	~269,122)	~34,486	160,293

UNRES	TRICTED INC	OME FUNDS
			~Gruu	Ch~th
Balance	at 1st January 2022		808,115	742,699
Net income for the year			(74,030)	(66,421)
Transfers	from restricted	funds
Balance	at 31st December	2022	734,085	676,278
Balance	at 1st January 2021		545,185	535,077
Net income for the year			228,445	173,137
Transfers	from restricted	funds	34,485	34,485
Balance	at 31st December	2021	808,115	742,699

				New	Funds
			Balance at	Designa-	Undesig-			Balance at
			01.01.2022	tions	nated	~Ex	uditure	31.12.2022
BCYS			57,913					57,913
Refurbishment			13,272		(1,272)			12,000
COVID-19 recovery		fund	33,000				(15,259)	17,741
Guild Hall RoofRepairs and Insulation			60,000		(20,000)			40,000
Moutain	Bikes - Alton Castle		5,000				(5,000)
WYD Lisbon			15,000					15,000
Bikes -	Soli		5,000				(5,000)
Health and Safety projects			25,000	40,000			(4,955)	60,045
Disabled	Access		25,000		(1,600)			23,400
Repair Main Gates to Alton Castle			12,000		(690)			11,310
Alverton	Building Refurbishment		10,000					10,000
Replace	Bunk Beds		15,000					15,000
Upgrade	Conference	Facilities	10,000				(10,000)
			286,185	40,000	~23,662	~40,214		262,409

ANALY	SIS OF GROUP NET ASSETS BET	WEEN FUNDS
			2022
		Unrestricted	Restricted	Total
		Funds	funds	Funds
Tangible	fixed assets	152,159		152,159
Current	assets	855,581	85,048	940,629
Current	liabilities	(273,655)		(273,655)
		734,085	85,048	8!9,133
			2021
		Unrestricted	Restricted	Total
		Funds	funds	Funds
Tangible	fixed assets	203,373		203,373
Current	assets	840,830	160,293	1,001,123
Current	liabilities	(236,088)		(236,088)
		808,115	160,293	968,408