The KellehD Youth Th￿t iAm6ted Reportof the Trwtee$ 8ttd CowoMd*te41 ￿￿#￿¢1#1 Statem￿ts for the Y￿r EDd&1 31st Decamber2023 The KeTreiN Youth Trust Limited Contents of the Consolidated FIMntl*l Ststements for the Year EDd¢d 31$1 D¢¢ember 2023 Report of the Trustees Report of the Inde￿denl AudiKffs Consolida¢ed Swement of Financial A¢ttYities 15 Consolidated Balance Sheet 16 Consolidated SweAn¢ni of Cash Flows 17 Notes to the Consolidated Statement of Cash Flows 18 Notu to the ConsolidAted Fintin¢ial Ststements 19 Th¢ Ketselth Yooth Trnst Umlted Report of the Trnstees for the Y￿r Ended 31st Dettmber 20LI The Trustees present their re￿rt with th¢ financial sthtements of the chaTitsble company for the year ended 31st December 2023. which ar¢ also prepared io med the requirements for a directors. report and finan¢ial statements forComFAnies Act PUryMWS. The financial statements comply with the ¢h*ity'$ governing documenL the Chariiies Act 2011 and Ac¢ounting #nd Reporting by Charilies.. Statement of Recommended Prxtice applicable lo charilies proRring their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and iiepublic of Ireland (FRS 102) (¢ffe¢¢ive IY January 2019). REFERENCE AND ADmINI￿RATIVE INFORMATION N*me: The Kenelrn Youth Tru# Limited Reglstered COm￿TrY NllmlKr. 76825(X) (England and Wal¢s) Rqist¢red Charity Number. 1144209 Registered OtrKe: Al￿n Castle Castle Hill Road Alton Staffordshire STIO 4rr Trystees and Dirtt¢ors The directors of the ¢h8ritsble Company are its TruAees forthe wrFth¢ of charity law and throughout this repcrt are collectively referred to &% the Trll￿ees. Trustees serving during the period were as follows: Miss H Bardy Mrs C Clement Mr E Howard Mr A Kiely Msc Keane Rt Rev S Wright Mr P Lucas Mrs J McGuiTk MTS C Pears - appointed 30* January 2023 'wd 27th Nov¢mi*r2023 - T¢signed 16th June 2023 - resigned 1° Septrmber2023 - appointed 30th January 2023 Audltors: Rice & Co Limited Chartered Accountsnts Statutory Auditors 14a Market Place Uttoxeter Staffordshire ST14 8HP Chlef EXe¢￿tIVe Off*er. Mrs S ￿h¢ll Page I Tht KeTrelm Youth Tr•st Llmited Report ofthe Trustees for the Year Ended 31$¢ De¢effjber 2023 GOVERNANCE AND MANACEMENT Constitution and Governing Dotument The Organisation is a eharitsble company limited by guarantre and is governed by the tern)s set out in its Memor¥ndum and Articles of Association. Appointment and Tr*SnlThg of Trnsttts New TTUStees are apFrf)Int￿] by the Archbishop of Birniingh8m. Trustre training ts Carri￿ out at meetings of the Trustees and in induction training at the centres and offic¢s with 51)ff the CEO. ststement of Trnstees, Responsibilities The Tr￿￿tts are responsible for preparing the Rewxt of the Tru#ets And financial sthtements in aCCOTdance with applicable law and regulations. Company law and the applicable to Charities in England and Wales require5 the Tnjstees to prepAre financial statements for each financial period. Und¢r th* law the TrUs￿eS have elected io prepare the financial statements in accordance with th¢ FinaTKial R¢portin8 Stsndard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). Under company law. the Trus*es MU￿ not approve the financial statements unless they are satisfied ih* they give a true and fair view of the stale of affair5 of the ¢harl￿b￿ ¢omp8ny and of the in¢oming re50urtts and application of resour¢e& including the income and expenditure. of the tharitable company for thai peri￿1. In ￿paring these financial statements the Tnjstres are required to.. select suitable accounting policies and then apply thern C{￿sisten1ty. observe the methods and principles in the Charities Statemeni of Recomrnended Practice {SORP 2019): make judgements and estimates that are re8sonab]e and pntht: stat¢ whether applicable accounting sthndards hav¢ been follorf $ubje¢t w any mawial departures disclosed and explained in the financial statements. and prepare the financial swements (m the goirtg Co￿eM b&sis unless it is jnapprwl￿e Éo Fyesume the charitable company wtll continue in business. The Trustee$ are respwsTri Ile fff keeping ad4uai¢ x¢wnting record% that we sllffieient to show and explain the charttsble company's transactions artd disclose with rtawrtable accuracy at &)y time the financial posiiion of the charitsble company and enable them to enSll￿ the financial ststements comply with the Charities 2011 and Companies Act 2006. They are also re4x)nsible for safeguarding th¢ wets of the clMrttsble company and hence for tsking rety)nthk sws ftir the pmention and de*U1￿ of ￿ud other irregularities. OY8anisation The Board of TTUStee5 of The Kenelm Youth Thjst Limited has TwsII)ility ftsr setting and monitoring p¢rfomian¢e of Kenelm against th¢ strategic objecliv¢s and meets a minimum of six times a year. The TTUStee5 have three committees ￿ assist them in their duties: Financ< Land& HR Comminee Chair: Mr Edward Howard Member5 in¢lud¢ two trustw CEO. the Centre Manager rwsible for H & S and ¢￿￿opted members. The Finan¢e. tand & HR committee meets a minimum of four times per year and considers wific issues in greater detsil Ond makes re¢omm¢ndation5 to the Board on 55sues of fmancial reportin& HR matters major projec iniemal finartcial corttrol& ri$k management and the rncrfkitoring of compliance with relevant law and good practice. Fundrai¥in8." Communic￿l0n￿ ondmarkeiing ComMillÉt Chair: Mrs Catherine Clement Members include tsvo tTUStee& the CEO. and COwOPted member& The Fundraisin& Comrnunie&tions and Markeiing Committee meets a minimum of five times a year. It suppctyts and guides the fundraising ￿n¢t10n of The Trus4 monitors communicatbon to &akelwlder& xtively plans key annual fimdraising events and supp Grants to Foundation& Page 2 The Yollth L4mit¢d Report of the Tn￿ for the Yur ETrded 31st Detember 2023 Yovih Minisiry Commillee Chair. Ms Camel Kegne Members include two tru5te¢& the CEO and members. The Ministry Committee meet a minimurn of three limes a year and il supm8 and guides the over¥ll S¢r*eBic dtreciion of th¢ Youth Ministy Programme across the TTU5t to ensure that the Youth Ministiy Programmes meet with the Trust's and Archdiocesan Mission. The eommittee also overse¢s Youth Ministry programrnes across all aspects of the Trust and ensure5 that th¢ Trum has a visible presence * events within the Arthdioeese and National and International wher¢ it may b¢ deemed appropriatr. Resp)nsibility for day4(￿daY Op￿tionS trAs been delegafyl to Sandrn S*chelL the Organi￿lOn.$ chief exe¢utive officer. Rtsk Ststement The T￿stee5 regularly review the major risks to which the Or￿1￿10n is expos￿. Sy#ems safe8uardin8 such risks are in place io mitigale any risks &8 far as possible. K¢y MAtsagement Personnel Remunerntioth Polley Key m8na8ement personnel remun¢ra¢ion is Sei by the Tn￿￿¢S with ￿ference w Diocesan benchmarks and similar roles advertised natiotth]ly. WELCOME TO KENELM YOUTH TRusr The Kenelm Youth Trust is comrnitted to serving young peopk in the Archdiocese of Birrnittgham and beyond. Through its direct fa¢e-t￿face work and through the trainin& resou￿ and supwt rrfovided to other Youth Leaders Lay Chaplains and others the Tntsi serves hundreds of young people every day. The Tntst WOTk$ with Children of all faith The WO￿ of The Tnw is carried out in f(rfw'dwknents': Al¢on C•slle Resldentlal Centre for I(￿14 prok15 Alton Castle is a thriving residential centre for IfF14 yeyr ol(ts opeoing since 1996 as a retreat ¢entr¢. In 21T22 we celebrated the 25th annivew of The C4s¢le gs a youth cent It h&$ large meeting spaw a splendid hI￿oriC dining rI￿n and sleep5 UP to l(K) guests. The Castle is a S¢heduled Monument atKI Grade I listed building Surrounded by ancient woodland. Alton Castle has a reputsiion for offering wonderful rmjtdoor educational and spiritual Jctivities such as bikin& archery. climbing and trekking. The Centres at Alton wetcorned over 10.(W young pwpl¢ in 2023. There is a dynarnic peer-to peer education trarn trained to facilitate the work with the children underthe direciion of qualified staff. Our cutTent goals are.. Provide holistic retreats and programmes for ￿ to five days for spirits￿1 and personal development which compliment other ￿U(￿lOnaj programme> Building capxity with staff and ieam to provide rnoTr pn)gt8mmes and to support more young people. Implernent a Bookings Sy5t¢m using furth¢r digital ¢¢¢hnology. tkvelop the grounds and SI￿ caring for the unique h¢ritsge. and creating wonderful educationd spaces for children. Develop creative oFyorDJniti¢s for learning outside the ¢lwr(K)m. Provide dynamic and challenging outdooredur*iona] activities. Ensure the C&#l¢ pr0grarnm￿ accessible for children with disabilities and YI￿n8 people who are disadvantsged by reason of bX)verty. t￿eaVemcnl or social OpP￿￿nItIes. To work tow8r&s reducing the cart)on footyrini of the project. Consider new ways to with Muki Academy Tnjsts to enlwKe wcupancy rat Soll Centre for Youth Minbtry- resldentl*l *nd outreaeh work witb 1&25 year olds Th¢ Soli Centre has been operating as a Sta￿￿)f-thc-art Centre for Youth Ministy in Ahon. adjacent to Alton c￿]¢ where we speciaiise in bespoke residential retreats for young Ftople 1¥25 year5 old. The Soli T onsi5ts of a community of young adults and ￿nnanent stsff who are dedicated not only to helping young peopl4 but aLs0 to growing together in a cornmunty of faith and prayer. The Soli teaTn a]so bring the mes5a8e The KenelTh Youth Trust Limited R¢port of th¢ Trustses for the Year Ended 31st December 2023 of Christ to schools and parishes through outrea¢h prog]wnmes. music minisry, mission weeks and other events. The ministy is designed to meet the needs of people from a wide range of background5 and communities. Soli Team members Serve for 4 yw or more &8 peer-ifrpeeryouth minisiers sharing their exp¢rien¢es as young Christians. Through this peer ministry approach, young volunteers journey tO8ether with teena8ers and young adults through positive personal dev¢lopm¢nt prograrnmes and adivitie5. The Soli Project in the period developed some new areas of work and r¢e5tablished some importan¢ offerings: Grow Young Leaders- a new Weekend Programme called Limitle55 was launched. Delivered a new full school Mission- a week-long mission based within a school. Investing in young leaders through Apprenticeship schemes and training opportunities. Increase its work wilh 6th fomers. Offer work to support young people in particular develop well-being and mental health retreat sessions. Offer extensive progression in varied residential programmes for different age groups. Explore important life and faith issues in a relevant way through the peer education team and trained Staff. Reach out to disadvantsged young people. Establish the project so it is embedded in the journey for young people across the diocese and btyond. Develop its Programmes in response to the SYNODAL listening and consultation exercises. Continue io make improvements in the bedrooms and bathroom faciliiie5. BCYS: PAri$h and Community based Youth Ministry BCYS work across the I I deaneries of the Archdiocest of Bimiingham whi¢h irt¢QTPOrntes 208 parishes and parish ¢lusl¢rs to bring and serve vibrant Youth Ministry ai Parish level. The work includes Liturgy, Prayer, Social Aetion, Cai¢ch¢5is, Sport, G4th¢r¢d Even￿ Adv¢ntyre Weekends and attrdctive Opportuniti￿ for young people and young leaders. It works with young peopl¢ from 10 yews lo 25 ye¥rs old. BCYS have accompanied over 700 young people through events, pilgrimages and youth groups. Throughout 2023 BCYS offered a wide range of training for adults in parishes and delivered 310 training opportunities through Bethsaida (the Diocesan Parish Youth ministy certificated course), Mentsl Health First Aid, safeguarding, writing risk a$5e5sments. our award schemes JPII and Faith in Action, Leadership* Peer mentoring and Alpha leadership. BCYS have also supwjrted cler8y and parishes with recruiting volunteers. developing a parish vision encouraging volunteers to reconneci with young people and tske their firs¢ steps into parish youth minis¢ry with regular face io face meetings wtth clergy, parish youth ministy volunteers and junior leaders. BCYS have supported 38 parish youth groups with viskts and a Fonnalion Retreat for leaders. It has built up our tte￿ork, 'Gathered' for Parish leaders, ereatirtg a Cultu￿ of community across parishes and clusters. The Trnst ¢reated regular resources. a tool kii for practieal help and 8uidanc¢, a calendar of events and a new private face book page for leaders. BCYS spent 230 hours in genernl eommuni¢ation5 and 150 hours in digitsl design for creating newslerters. fliers, poster& emails and reaching out to young pe¢)pl¢ and pari5he5. BCYS have also been integrnl in the leadeiship of the Diocesan Pilgrimage to Lourde5 coordinating the schools youth ministry section of over 150 young people. BCYS CO•ordin*ed almost 100 young adults on th¢ World Youth Day Pilgrimage to Lisbon with Ar¢hbishop Bernard, at the major gathering with Pope Francis and Ihou$8nds ofyoung people from all around the world. BCYS have strategically contributed to ihe Climate Aciion Group for the Diocese working to rnise awareness and redu¢e th¢ impY4¢1 of climate change. The Trust is ¢ommitted to providing high quality Resources and over 3￿ hours has been dedicated to the development of fre¢ $nd paid for Resources. There is planning in progress for new Digithl Resources for 2024. During 2023. there were 63 training 5es5ions for adult volunteer& ihese wer¢ prepared and fa¢ilitsted face to face and online, covering Mental Health Awarene55, connecting with young people, youih lead¢rship. digital Pag¢ 4 The Ke•elm Yoith Trnst 14mited Report ofthe TruM¢a for the Year EDded 31st Dettmber 2023 youth ministy. sharing faith and waying with young people. ￿fegUardIti￿ mentoring and Y(NJth Alpha leadership courses. The Trust has grown its social media presen¢e. Pffiicularty bjilding on WO￿ during lockdowns. The Digitsl Mini4ry Workerhas enabled our onlin¢ w¢5¢llte to extend our communications with young people. SecoBdary School Ch#pl4iDry Support *nd Traini*g (lay Ch8Jpl*in¢y) The K¢n¢lrn Chaplaincy provision parmers with the staff in Multi Academy Companies and 5¢condary sch(Ktrls in ihe West Midlands by providing training resources and ￿er c¢JportwiitiS Over 30.{￿ young people served inspir¢d. and impacted by the ministry of Lay Chaplains. During 2023 Kenelm Chaplaincy worked with a iekni fTh? the across the Kenelrn Youth Trust and the Diocesan voC￿l0n OtTice to facilitate'Think T8nks' a eonsultstion in regard to the current SYNOD Im SYNODALITY. Lay Chaplaincy has d¢veloped a suies of comprehensive and Creative Mtstal Health Resourtes for Young Peopl¢ called Quo Vadis. Our hugely successfijl Quo Vadis Proje¢t builds the mental resilience of young people through the provision of culwrally div¢T5¢. diffwentiated Catholic mentsl health and well-b¢ing r¢sour¢es (wwW.kenelmyouthtrusLorg.ukls￿on1¥ry-4y￿yadiS.h1rn1). A unique resourK li was originally develo￿d to help y(Mllh ministy io the pandemic and the emwging mentsl health crisis amongst young ￿pIt. The progrdmme enabled young pwle to navigate th¢ir way through Covid. developing wsonal resilien¢e and t Non-managemet)i $uwvision. Developing strong links with the Catholic Edu(*ion Service. tklivery of a year-long Certificate in Chaplaincy. Facilitating the sharing of resources and gfy)d pra¢ti¢¢. The Kenelm Youth Trn$t Limltsd Report of the Trustees for the Y￿r Ended 31st De¢¢mb¢r 2023 Trndirtg Subsldlary- Kenelsn Hospitality Limit In order to mitigat¢ any risk to the charity's asse￿ a wholty owned subsidiary Company. Kenelm Hospithlity Limited operates to undertak¢ ¢ommer¢ial lettings of the charity's property. All profits of K¢nelm Hospitality Limited are donated io the ¢harity on an annual b&sis under the gift aid scherne. The financial statements of Kenelm Hospitality Limited are incorporated inio the accompanying con501idat¢d financial swements. OWECTIVES The Charity's obje¢ts are: To help and advance the education of children and young p¢opl¢ in BiTmin8ham. the Black Country. Coveniry, Oxfordshir< Staffordshir< Warwi¢kshire and Wor¢est¢rthire (the"orea of benefit") so as to develop their physi¢al. mental and spirityal cgpacities that they may grow to full maturity a5 individuals and members of Society and so that their conditions of life may be improved: To advance the spiritual d¢velopm¢nt of children and young people by the provision of support and a55i5tance: To provide educational and recreational activities for children and young people living in the area of benefit who have need by reason of their age. infirniity or disability. poverty or S￿la] and economic circumstanrxs with a view to improving their future prospects. To provide trnining and development opporwnities for youn8 people and adults so they are able to undertake leadership roles within the Charity and within their communiiies., and To or for su¢h Oth￿ ¢harit4ble purposes as the Dire¢tors may from tirne to time determine in pursuance of the obj¢¢l& The aims of the Trust are.. To offer high impact residential experiences to schools. parishes and youth organisations at the two residential Centres. To foster the Holistic Educational Development (spiritual. personal, moral. mental and emotional wellbeing) of young people. To develop and support Parishlcommunity b&qed Youth Ministsy. To train the staff and volunteers in the Centre's and out in the community to qualify them to encourage the personal development of each young person to reach their greatest potential. To offer vwational training and support to Youth Worker& Youth Ministers, and Secondary School Chaplains. To develop networks of youth groups and events foryoung people and young adul The main objectives of The Trust for the Ye￿ were". Develop digitsl work with young people and leaders. Provide a rich ond varied the calendar of Youth Events. Undertake Major Capitsl works ort the Guildhall roof gnd domier windows ond review the priorities from the Quinquennial Report for the properties at Alton. Consider income streams to support the charitable activiiies. Continue with SYNODAL conversations with young people and young adults working towards the SYNOD now in 2025. Continue io develop well-being and mentsl health programm￿ and resources. Review adventurous activities and renew equipment as required. Embed the new bookings system and invest in digital technology to support the new system. Re-¢ommenc¢ Young Adults Ministy. Review ihe health and safety &spects of the Site and plan for improvements and upgrades as required. Plans EO ensure Alton as a historie site. and Soli meets best prnctitt. The Faith Forn]ation, skills development of young adult and adult volunteers. Re-establish Parish Youth Miftisty at local level. Extend the summer camp programme to rea¢h m(Y¢ young people. Offer a World Youih Day Pilgrimage for Young Adults to Lisbon summer 2023. To Incre￿ the number of young people at the Lourdes Annual Pi18rimage wjd Brow the level of participation by Young Pilgrims. Ongoing review of the three-year business plan and budgets in Consultation with expert advice with a focus on ¢lirnate issues and commitment io work towords Netzero carbon emissions by 2030. Page 6 The KeTrelm Youth Tntyt Umit¢41 Report of the Trffj¢ees for the Year Ended 31st Deeember 2023 Review Energy wovision and ¢c6ts while Aiming at being NeQero by 2030. In setting the obieciives and planning our acliviti¢& the Tnts*es hav¢ given careful consideration to the Charity Commission's genernl guid•￿¢ on public Ixnefii. All of our activitie5 are undertaken lo fvrther our ¢1￿11ab]e a¢tiviti¢s for ihe public beneflL In Working io our tharitable Objectiv￿ we offered a number of subsidised and free places and activitie5 on a donation basis to disAdvAni88al young peopk ￿ enable full participation. A￿1vITIEs, ACHIEVEMENTS AND PERFORMANCE Hlstory For over 75 years The Archdio¢ese of Bimiingh•n h•$ f￿tered a range of youth FKovision activity that has included a ¢ommiiment to creative ￿Sidential rtre&t work with youn8 people and parish and community- b￿ed youth work. In June 2011 the decision was made to establish • Youth Tnw and amal8ama* all elements and establish a collaboration whth ih¢ Deparunent of Eduation (DES) io supwn the development of School Chaplain¢y. Sin¢e 2016 Alton Camle. Chaplaincy, BCYS and Soli Centre have oPeN￿ together and under the b¥nner of The Kenelm Youth Thi￿. Soli has moved to Alwi, And we enjoy ec4Jnory of sules and 8reater etTIw. Hlstorle Property From 2016 The Kenelm Youth Tn￿ has secured four 99-year La5es to incorporate 411 the buildings and 8rounds used by the projects in Alton. We have been in discussion5 with the Archdi¢)¢ese of Birniingham regardin8 the use of properties and land in Alton for the long-terni use for work with youn8 people and io develop a susthinAble fvture for the work of The K¢n¢lm Youth Trust. These in¢lud¢ ihe site of Alion Castle. the site of Si Johns School and Play8round and Si Johns Convent ￿Jacent io ￿ John the Baptist Roman Catholic Church. a lar8e piece of land and woodland in the Chumet V*llty and the Stablts bun8alow. and the 'Soll Centre for Youth Ministy.. *liacent to the C&stle 8round Cov1￿19 iwcy The levels of occupancy on retreats have increased to $irnilar pre covid leve]& The move to trainin8 online meetin8s gas brought an increase in adults attending trainin8 sessions and had economy of scale in terni of du¢in8 stsff travel time and costs. Schools have increased ¢onfid¢n¢e in re¢umin8 lo re5identiat& however for some the 'tradition' and ¢u#om of annual retreats has slipped and supm will be required io en¢ourn8e new and rebjrn u*ts. A¢hl¢vemeTrts and Ptrformanee Kenelm con¢inues to develop and create new and Yibrani pieces of work to en8a8e with youn8 people and respond to their emerging needs. KYT are re5pondin8 to the emer8in8 issues that are evolving from continued SYNODAL pr￿5¢$ and from annual listenin8 and consulthtions with a wide ran8e of youn8 people and sthk¢holders. During 2023 The Tnjst has d¢v¢loped resources in response to youn8 people's needs identified durin8 the SYNODAL Pto¢e3& These will be pilotsd ond launched during 2024. During thi$ perlod ¢on$i¢JeTable achievements have l>een made: The Trnst has returned to prwdemic levels of core charityble I￿]Y1ty. With extemal fijnding $UPPOrt The Trt￿ employed i New Digital Ministy Worker. Extended prof¢ssiortal Trnining in areas such as Menthl Health and Young P¢opl¢ fcr senior sraff. Large c(thort partic1w1￿ at Flarntr a hi8h-pmfile everf 8¢ Wembley Arena with over 10.rxxi young people. A record number of Yowig Adults wti¢iFthi with KYT for World Youth Day Lisbon. Health and Saftty work and fwe safety impTov¢rnent4 particularly with improvements to thxyrs and fire door5. Th¢ pennission4 plans and ereetion of a new Bike sloTage shed and racking for the extended tleet of bikes io enable more young people to enjoy this adVen￿roUS activity. Funding appeal continued for the urgent repair5 to the Guildhall [￿)f and dOrn￿r windows. This six- month major Capital Project commenced in Augu￿ 2023. The Youth Trust iAmlted Rwtrrt octhe Trustees for the Ye*r EDd¢d 31st Dttember 2023 Developrnent Project ai Soli impovanents b) multimedia equipmenL new CCTV and ex*nsive WI-FI provi5iOll. ElectriaS Works ¢ontinue across the site and instslling LED lighting- Continue staff area refurbishm¢ni: ￿inting and r¢eWiftg of 6 further team bedroorns. Aeross the Trust developments have included: Found￿10r1S for further Yrmjng Adult Work with World Youth rhy PilgrTrns. Strategic work on business plans and finan¢ial pl￿rtIn￿ Embedding the new knking& CRM and Digitrl Contrnci sysiun$. Major Capital WO￿ Fundrnisin8. Planning and developmeni of a new resources in¢luding SYNODAL follow up and Menta] Health and Well-bein8 Resourtts. Outlotsk The Trust plans to return to review energy eonttacts in 2024 and has committed to grttn energy source5. The major capital works started in 2023 will continue into 2024. We have bud8ded a manageable def￿11 in 2024 and 2023 as w¢ Mntinue with roof work& refurbishments improvements. We are aw8re of the volatile energy ¢risis and ¢m¢rging ¢ost of livin8 ¢risis. In 2024 w¢ will rtropen. if requir&i the holiday priv&tr stsys plfttfo for addition revenue over the summer period. Appreelitlon Appreciation is given to all the Parishes, school& f8rnilies and young F¢ople who have pArtKipated or were involved in 8roups, triN activitie& and events. enAblin8 the Trust to achieve its aims and g￿lS. The Trust believe our staff and learns art most precious resource and is committed to their CPD. Formation and on80in8 developmenL Sincere 8ratiiude is 8iven ￿ our dedicated statT and volunteers. individual& foundations, and parthers, that through their time, e4W8y. and finBncial suppoTL have ensured KYT have had onoth¢r sU¢Ce￿ful yew in ¢hallenging times. FINANCIAL REVIEW Rtvlew of the Flninelil Y￿r The financial year reflects a growth in activity and income. However. thi$ in¢Ytw has led to Similar increase$ in Costs and. when coupled with major repair projects to the T￿￿.$ buildings. an oyernll deficit for the year has resulied. Vthilst it is pleasin8 10 extend the influence of charitable aim& we must focus our efforts on raising sutTi¢i¢nt fvnding ￿ emble this to be mainlained in the year5 to corne. The 5tatemenl of fmancial afflivities show$ incomin8 resour¢es from and donations in¢wing by £61.917 to £499.01 I in¢oming Tesource5 frorn charitable aaivities increasing by £253,491 to £960,017. Overall, totsl income increased w £1.598.402 ¢omwed to £1244,258 in 2022. Once igain during 2023 Kenelm h•$ in￿¢￿d sthffing levels io ensure it can rnaintsin its level of charitable activities. This is shown by an increas¢ in ￿y￿1[ CO￿ from £677.368 10 Ul 8.141. This incre￿e in wa8e$ and Mlaries ¢ost& as a livin8 wa8e employer, coupled with higher charitable ¢xp¢nditure, including suppffi Costs, asx¢i*ed with the 8rowth in aciiviry and rnajor repair projects to th¢ Trust's buildin8s resulted in an incr¢•se in ¢xpendilure to £1.695.176 from £1 J93.533 in 2022. The overall effe¢¢ of ihe 41M)v¢ changes is a net decrease in totrl ￿ndS for 2023 of £96,774. This defi¢il irtcludes a £4,155 decreas¢ in restricted funds and £74,193 expendittjre on fithds design*ed for future projects. The relatively srnall remaining d¢fi¢ii enables us to continue to provide our choritsble activities with ¢onfiden¢e. At 31* Decernber 2023 the Trust held totsl reserves of £722J59. a decre￿ of £96.774 from the previous financial year. Of these reserves, £80,893 are restrithed funds £208,216 have been designated for specifK purposes and £121.013 ¥re held as fixed asset& leaving a balance of free reserves of £312238. P8ge 8 The KeDelm Yo¥th Limittd Report of the Trnttts for tbe Ye*r Ended 31st December 2023 The Board of TTUSte¢s have agreed that developing an appn)priate kvel of rtsmies is required in order to: Meet contra¢tual liabilities should the charity have to close. Thi5 includes redundan￿ pay and amounts due io crediior& Meet un¢xpecied COSLS like staff cover te illne4 matemity leave. parental l¢av< legal Costs. Repl¥e esserttial equiEMneni as required. Ensure the Trusi ¢an eoniinu¢ io provtde a cNaiity Youth Service. Provide working c4)itsl whth) funding pledged is paid in arrears. It 15 the aim of th¢ T￿stee$ to maintain a l¢v¢l of free rewves equivaleni to three months of the forthcomin8 year's budgeted unrestricted expendiwre. Reserves & 3 ISI Decemt¢r 2023 are in line with this Frfjlacy. Designated Fund5 At 314 December 2023 the TTu#ees httve designated funds tothllin8 £208216 as follo £54,913 for BCYS to be uiilised in the five years to prnvide youih ministy services within the Bimingham Catholi¢ Diocese. £6.583 to be ￿1]Ised in the next two year5 on the refurbishmert of Alton Casu £14.44] to be utilised in the next two years to swort the thelopment of i￿0 Vadi& extending mentsl health Tesourc¢& £5.000 io be utiliseil irt the next Iwoy¢irs to SUPW¢Plrfi¢ip•tion in World Youth DAY. £59.545 to be utilised in the next three ye&r5 for emergeney exit stsir5 and rcpair of C8s¢le windows. £23.4￿ to be utilised in the nem thre¢ years for new disabkd a¢¢¢ss to Alton Castl £1 0.0￿ to be utilised in the next three y¢•r5 to rrfiwbish th¢ Alverton Buildin £24.334 to be utilised in the nekn tsvo years to Tepl4¢e guest beds at Soli. £IO.000 io be uiilised in the next Iwo yeaES for energy redurtion measuTes by making imprOv¢m￿ts to the environment through the reduction of carlKJn emission5 and increa5¢d sU5tainability. lA￿kIng Ahead Moving forward we must rnttt funding requirements forthe following planned PTDjects: Plannin8 0th New Progr4rnme$ Such as Retreats for Altar Smiers. Reviewing and planning to expand on KYTS WO￿ around Mentsl Healih and Young People. L(N)k at an Energy Plan for the residential centres to address the huge price ti)cre￿ in green energy Consider private and commercial family Ix**in8S at Soli. during weekends and holidays. Draw up plans for refijrbishmeni iniernalty for the Guildhall once exlemal w0￿S and windows repairs are complete. Launch ￿ndraiSing for Castle WOTk& to include disabled access imwovements into the Castl improvements io pathways, 4ThJ Pugin heritsge care. Our residential ¢entres Serve mainly schools. Tr Stra￿le direetion of the Di0¢¢5e to develop a stron8 Catholic Multi-Academy Company Fram¢woTk provides opportunitie5 for Kyf to work ever clos¢r with these Education Trusts to wovide ever mor¢ joined up and structured provision across the Midlonds with wogre55ion through Primary. Secondary and sixth.fom provision. Th¢ 2023 results enable Kenelm w continue with ¢onfi(knce that we can continue ￿ meet our charttsble objectives. Overnll. the Piclure 1$ pleasing but we must move fonwd with caution. Issues affecting all organisations. sueh 15 regular increases in minimwn wage and increasitig energy ¢￿t4 indi(ate that the will ¢ontinue to be a challenge. Fitt4n¢ial #Trd rlsk m*n*gemtnt objttlives a4d Policie The TnJst'$ principal financial instruments compris¢ of cash and cash equivalents. The Irnde ¢reditors and debtors arise from the Tn￿ts operdting activities. The Trust doe5 not cuttently underthke any hedging a¢tivity and any significant finaDciai risks are &ldressed on a case-by-case basi5. The Trust has no bank borrowing but ha5 limited credii card fa¢ilitie& Credit risk The Trust's bookings wjlicies aim at minimizing su¢h losw and overdue debts are monitored with schoo]s ond customers to ensure that the Tn￿.5 eX[￿￿e to bad deE* is not signifiL￿L Page 9 The Kenehn Yotrth Trust LiNited Reptsrt of the Tntytees for the Year Ended 31st t)etember 2023 Liquidity rlsk The Trust aims to mitigate liquidity risk by managing cash generated by its operations. Flexibility 1$ Tetained by r¢t#ining sury)lus cash in the t•nk accoun￿ Limits Ort spending and p)licies on spending limits are in place. ATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS In so far a5 the Tru*ees are aware at the time of approving our trust¢es' annual rep)rL' there is no rel¢vartt information, being needed by the auditor in connedion with prepartiig their reporL of which the auditor 1$ unaware, and the tn￿, having made enquiries of fellow directors and th¢ audr1￿ that they ought to have individually taken. have each taken all Meps helshe is obliged to take L8 a director in order to make themselves aware of any rekvant audit infrmnatiw artd to esthblish the auditor is aware of that inforniation. This report h&% Eten Frtpartsl in a¢¢ordan¢e with ACC￿￿ting and Rep)rting by Charities: Sthtement of Recommended Practice applicabl¢ to ¢h¥rities pfftparing their accounts in accordanrx with th¢ Financial Reporting Standard applicable in the UK and Republic of Ifejand {FRS 102) (effective ISI January 2019) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small Companies. Approved by the Board of Tr1￿ceS on 1° Juty 2024 and signed on its behalf by Mr E Howard- Trustee Page 10 Imdependent Auditor's Report to the Members of The KeThe1￿ Youth Trnst Liwi¢ed Opimion We have audited the financial ststements of The Kenelm Youth Trust Limited (the -p0rent ¢harityJ and ILS subsidiary (the"group'J for the year ended 3111 December 21Y23 which comprise the Consolidated Stoiemeni of Financial Activiiie& the Consolidated Bthce Sh&L the Cornpany BAlanee SheeL the Consolidated Sta*ment of CLsh Flows Notes to the Consolidated Smement of Cash Flows and Notes to the Con501iitst¢d Finan¢ia] StrteMen￿ including a summary of significant a¢cwnting w)li¢ies. Th¢ financial Teporttng fromework has been applied in their prepardtiort is applicable law and Unfted Kingdorn Accounttng Standard5, including Finan¢i•l R¢p)ning Stsndayd 102 -The Financial Re￿rtIng Standard W￿l1¢able in the UK and Republi¢ of Irelan￿ (Uniied Kingdom Generally Accewed Accowitin8 Practice). This rep)rt is m* sokty to the charitys membu& as a xcordance with ChaNw 3 of Part 16 of the Companie$ Aet 21KJ6. Our audit work h&8 been undertaken so that we might state to the charl￿5 members those marters we are required io state to them in an audit0￿S report and for no other purpose. To the fullest ¢xten¢ peTmitted by law. we do not accept or wume resw)nsibility to anyone other than the charity and Ihe charity's members as a W. forour audit for this rekw or forthe opinions we have forned. In our opirtion the finan¢iai slaternents: give a true and fair view of the sta* of the group's and of the parent dwitabk CoMpan￿S afftirs 15 at 3111 Detern￿r 2023 and of the group's incoming resourres and application of Ttsource& in¢luding its income and expenditurq for the year then ended. have been properly prepored in accorkn with Uni*d Kingdom Genernlly Accepted Accounting Practice. hav¢ be¢D prepared in accordanc¢ with the requiTements ofthe Companie5 Act 2(rf)6. Basiq for opinion We conducied our audit in a¢¢ordanc¢ with Int¢Trational Standard5 on Auditing (UK) (ISA5 (UK)) and applicable law. Our responsli )iliti¢s under those stsndards are fvrther described in the Auditor'5 T¢S￿nSibIlitIeS for the audii of the financial ststements section of our reFKxL We are independent of the charitsble group in accordance with ihe ethical requirements thal we r¢l¢v8nl ¢0 our audit of the financial slat¢m¢nts in the UK. including the FRC'S Ethi￿ Standard. and we have fulfilled our other ethical r¢sponsibilitie5 tn a¢¢ordan¢e with these requirem¢nt& We believe that the audii evidence we have obtained 1$ sutTi¢ient and appropmte to provide a basts for our opinion. Cr)nelllslott$ relati￿ to going eoncern In auditing the finartcial 5tst¢rnen￿ we have aYKluded th* trustees, use of th¢ going coDc¢m basi$ of a¢ci)unting in the prep8Mion of the fmaneial ststements is apprwi Based on the work we hav¢ we have not ideniified ary n￿terIal uneatsinties relating to events or conditions tha( individually or collectivety. may ¢ast significant d(MJbt on the companys ability ￿ continue as going con¢em ts 4 period of at le￿ twelve months from when the fin￿cial statements aT¢ authori5ed for i55ue. Our r¢S￿nsIbl11tieS and the rwsibilitxs of th¢ In￿ with respect to goin8 concern are described in the l¢vant sections of this rwL Pwll Independ¢tt¢ Audltor*s Report to the Members of The Kenelm Youth Tr￿st Llmlted Other Informatlon The trustees are r¢spon$ible for the other inforniation. The other inforniation comprises the inf0m￿10ft included in the twstees, report other than the financial sthtements and our auditor's report thereon. Our opinion on the financial stwemenf$ does not cover the other infomatiort and. except to the extent otherwise vAplicitly stated in our report we do not express any foTm of assuran¢¢ ¢onclu$ion thereon. In connection with our audit ofthe financtal s￿eMents, our responsibility 1$ to read the other infomaiion and. in doing so, consider whether the other infomiation is maierially inconsistent with the financial sthtements or our knowl¢d8¢ obtained in ihe audii or otherwise appeY4rs lo ￿ ma¢erlally mi$swed. If we identify su¢h material inconsistencies or apparent material missthlements, we are required to deterrnine whether ther¢ 1$ a material missthtemeni in the financial $tstemenis or a material mis5tatemeni of the oih¢r inforni*ion. If. based on the work we h4ve perfornied. w¢ conclude that there is a Material misswement of ihis other inf0nnati0￿ we are required to report that fact. We hav¢ noihing to report in this regard. Oplnk>n$ on other matters prescrlbed by the Comp4thleJ Aet 2006 In our opinlon. based on the work undertaken in the course of th¢ audii.. the inforniation given in the trustee$, report (in¢orporo1inB the directors. repjrt) for the finart¢i&l year for whi¢h the financial Ststements Are prq)ared is ¢onsigi¢nl with th¢ finoncial Ststements: and the tru￿ttS, report (incorporntin8 the directors. report) has been prepor¢d in ac¢ordance with applicable le8al requirements. Matt¢M on whkh w¢ •r¢ r¢qulr¢d to report by exceptlon In the light of the knowledge and und¢rsthndin8 of the Group and Parent Charitable Company and its environment obtained in the course of th¢ audit. we have nol ideniified m8¢erial mis5tatement$ in the dlre¢tors' report included within the trusts¢s' report. We have nothing io report in respect of ihe following matters in relation to which the Comp&nles Act 2006 requires us to report io you if, in our opinion: adequate and proper accountin8 record5 have not been kept. or rewms adequ￿¢ ftir our audil hav¢ not been received from brnnches no¢ visi¢ed by us. or the financial statements are not in agreement with the a¢¢ountlng records and reiurns. or certain dis¢losures of trugte¢$' r¢mun¢raiion sp¢cified by law are not made. or we have not re¢¢ived all the infomiation and ¢xplanation$ we require for our audit; or ¢he trnstees were noi entitled to pr¢pAr¢ the finaneial stai¢m¢nts in a¢¢ordance with the Srnall companie$ regime and take advantage of the small companies, exemptions in preparing ihe ¢ruthe$ report And from the requirement to prepare & group shategic rewrt. Page 12 Independent Audltor's Report to the Members of The Kenelm Youth Trust Limited Responsib511ti¢s of the trusttts A5 ¢xplained more fully in the trustees, reswnsibiliti¢5 Statemen¢ set oijt on page two, the t￿￿tee3 (who are a150 the directors of the Chwttable company for the purposes of company law) are responsible for the preparation of the financial $thl¢ments and for being satisfied that they giv¢ a true and fair view, and for such internal control as ihey deterniine is necessary to enable th¢ pr¢parntion of fingn¢iAI statements that are free from material misstatemenL whether due io fraud or error. In preparing the finaneial Ststernen￿ the trustees are responsible for assessing the Group's ond (he Parent Charitable Company's ability to ¢ontinue as a goin8 ¢oD¢ern. disclosing, as applicable, matters related to going onc¢rn u$ing the going concern basis of accounting unle5S the tNsiees either irtiend to liquidate the Group or the Parent Charitable Company or io ¢¢￿ operation$, or have no realistic alternative but to do so. Audltor's resp)nslbllities for the audlt of the llnan¢lAI $tAtements Our objective5 are to obtain reasonable as5urnn¢e about whether the financial statements as a whole are free from material missta¢emenL whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable Lssurance is a high level of assurnnce but is not a 8uarantee that an audit conducted in ¢ordan¢e with ISAS (UK) will olwgys dei¢¢i 8 material missthtem¢nt when it exists. Misststements can arise from ftaud or error and are considered material if, individually or in the Y48gr¢gate, they could re￿OniblY Ix expected io influen¢e the e￿10M1¢ de¢ision5 of useTS thken on the basis of ihese financial sthiem¢nts, ITregularitie5, includin8 ftaud. are instances of nonwcompliance with laws and re8ul8tions. We design procedures in line with our r¢sponsibilili¢$, outlined gbov¢, to det¢cl M￿¢￿81 missiatem¢nts in respect of irregularities. including fraud. The extent to which our procedures are capable of deteciin8 irre8ularities. includin8 fraud is detailed below.. We obtained an understsnding of Ihe l¢gJl and regul￿Ory frameworks appli¢Able to the 8roup and ¢h4ritable Company and the sector in which they operate. We obtairted an understanding of how the group and ¢horitable compony are ￿MplyIng with those legal and r¢gul*ory frameworks by makin8 enquiri¢s of the persons charged with 8overnènce. We ¢offoborated our enquiri¢s through our review of t*)ard minutes. We reviewed ihe fingncial staiemeni dixlosures and ¢es*d to wpwtin8 documenwlon to assess complian¢e with opplicable laws and regulations. We perfornied audii work over the risk of management bias and override of controls in¢luding testing of Joumal entries artd other adjustments for appnjpriaieness and revi¢w¢d accounting estim8t¢$ for Indi￿tOrS of wienlial bias. A further description of our responsibilitie5 for the audit of the financial ststements is located on the FinBncial Reporting Council's website at www.fre.iJr8.uklauditorsresponsibilrties. This des¢ription fomis part of our auditor's report. Page 13 Independen¢ Aydltor's Report to the Members of The Kenelm Youth Trust Limited Use of our report This report is made solely to the charitable ￿MpanY'S members. &$ 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 slate to the charitable company's members and trustees those rnatters we are requir¢d to sta* to ihem in a Report of the Auditors and for no oiher purpose. To the fijllem extent pemiitted by law. we do not accept or a￿UMe responsibility io anyone other than the charitsble company and ihe ¢haritable ¢ompany'$ members as a body and the charitable company's trustees as ¥4 body, for our audi¢ worL for thi$ report. or for the opinions we have fonned. Matthew Gibbs FCA (Senior Ststutory Auditor) for and on behalf of Rice & Co Limited Chartered A¢¢ourttants Statutory Auditors 14A Market Place Uttoxeter Stafford5hire ST14 8HP D￿e.. 161 July 2024 Page 14 The Kettelm Youth Trust Llmltsd Consolidated Statement of Finaneial Adivities (inelud5b8 Consolldated Ineome and ExpeDdlture Aceount) for the Year Ended 31st December 2023 Unrestrict F¢Jnds 2023 Restricted Funds 2023 Toial Funds 2023 Totsl Funds 2022 Note Income: Grants and donations Charitable activities Trdding activities Fundraising Inv¢skn¢nts Other 395,999 960.017 108,482 10,437 12,603 7.852 103.012 499,011 960,017 108.482 10,437 12.603 7,852 437.094 706,526 83,727 4425 1.362 7.124 Total Income 1,495,390 103.012 1.598,402 1244.258 Expenditsre: Costs of generatinggrants and donations Charitrble activitie5 Trnding a¢tivities Fundraising Governance costs 65.981 1,407.371 21.022 9.417 84218 65.981 1,514,538 21,022 9.417 84,218 60.267 1.245,641 15,022 3.489 69.114 107.167 Total expenditure 1,588.009 107,167 1.695,176 1,393.533 N¢t In¢omel(¢xpenditure) for the year (92,619) {4.155) (96.774) (149,275) TrgNsfers b¢tw¢ert fvnd$ Net Mov¢￿¢￿¢ In fvnd8 (92,619) (4,155) (96.774) (149275) Total fimds brought fonvard 734.085 85,048 819.133 968,408 Totsl funds ¢Irri￿1 forward 641.466 80,893 722J59 819.133 The Sthtement of Financial Activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The notes fom part of these financial statements Pa8¢ 15 The Kenelm Youth Trust Limited (regl$ttred Compa￿Y number. 07682500) Consolld#tsd Balanee Sheet as at 31st December 2023 Group 2023 Group 2022 Charity 2023 Charity 2022 Note Fixed 4s$ets Tangible assets Investments 13 14 121.012 152,159 121,012 152,159 121,012 152.159 121013 152 160 Current assets Debtors Cash at bank Cash in Iwid 15 16 156,047 743,023 2.847 187.995 750J66 2268 143.634 670,867 ?,847 176J61 691.944 2268 901,917 940.629 817.348 870.573 Liabillties Creditors.. Amounts falling due within one year 17 (300.570) (273.655) (291277) (261.407) Net eurrent 8s$et$ 601,347 666.974 526,071 609.166 Net assets 722,359 819,133 647.084 761J26 Tbe funds of the cbwrlty Unrestricted income funds Restricted incotne fun(ts 22 21 641,466 80,893 734,085 85,048 566,191 80.893 676278 85.048 722,359 819 133 761 647.084 ￿20 The financial siatements have been prepared in accor￿ with section 398 of the Companies Act 2006 and $ection 138 of the Charitie5 Act 2011. The financial statements have b¢¢n pr￿ared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and ¢on*itute th¢ annual financial ststements required by the Comparties Ad 2006 and are for circulation to members of the ￿rnpAnY. Approved by the Board of Trustees on July 2024 and signed on its beha fby . Mr E Howard- Tru￿ee The note5 fonn part of these financial statements Page 16 The Kenelm Youth Trust Llmited CoD5011dated Statement of C*sh Flow5 ror the Year Ended 31st De¢ember 2023 Group 2023 Group 2022 Charity 2023 Charity 2022 Note Cash Ilows from operatlng a¢¢lvl¢l¢s 4.303 36.769 (9,431) 52.249 C•$h flows from Inyestlng actlvltl¥ Pur¢hw of tsngible fixed assets (11,067) (11.067) Ch*nge e*$b ¢4sh equlvaknts In the year (6,764) 36,769 (?0,498) 52,249 Cash and cash equivalents at the beginnin8 of the yeJr 752.634 715,865 694212 641,963 Cash and ei*h e4ulv#lenli #t the end of the year 745,870 752,634 673 714 694212 The note5 fonn part of these financial Statements Poge 17 The Kenelm Youth Trust Lllnited Notes to the Consolidated Ststemtnt of C8sh Flows for the Year Ended 31st December 2023 I RECONCILIATION OF NET EXPENDITURE TO CASH GENERATED FROM OPERATIONS Group 2023 Group 2022 Charity 2023 Charity 2022 Net cash inflow from opernting A¢¢ivities Net incomel(expenditure) Depre¢i*ion De¢rea5el(in¢r4sel in trade debtors DecreaseJ(increase) in amounts owed by wup undertak Decre&8el(increase} in other debtors De¢re&8el{in¢re4s¢) in prepayments and accrned income In¢r¢&sel(de¢reas¢) in trad¢ Cr￿lIOrS Incre￿I(deCreasc) in oth¢r Creditors Increasel(decrea5e) in social se¢urity and other taxes Incre&8el(decrease) in accruals Inereasel(deerew) in deferred income (96.774) 42,214 20,886 (149.275) 51214 (74.280) (114,242) 42.214 16.415 5,250 9.945 (141.666) 51214 (57,396) (5,250) 184,189 (12,646) (49,882) {16,641) 34,740 20.811 44.776 9,945 184.189 (12,646) (49.882) (16.641) 34,740 20,871 48,479 7,931 10,687 4,913 (2.226) 5,610 7,931 9.787 4.913 (2.316) 9,555 Net cash provided byl(u$ed in) optrnting activities 4.303 36,769 9.431 51249 2 CASH AND CASH EQUIVALENTS Group 2023 Group 2022 Charity 2023 Charity 2022 Bank current accounts Bank deposit a¢¢ounts Cash in hpnd 151,613 591,410 2.847 104.353 646,013 1268 79,456 591.411 2,847 45.931 646.013 2,268 745.870 752.634 673,714 694,212 3 ANALYSIS OF CHANGES IN NET DEBT Balance at 01.01.2023 Cash flows Balance at 31.12.2023 GROUP Cash at bank Cash in hand 750.366 2,268 (7.343) 579 743.023 2.847 752.634 (6.764 745,870 CHARITY Cath at bank C&sh in hand 691,944 2268 (21.077) 579 670,867 2,847 694,212 20,498 673.714 The note5 forni part of these financial statem¢rtts Page 18 The Kenelm Youth Trust Limit¢d Notss to the Consolldated Flnanclal Ststements for the Ye*r Ended 31st Decemb¢r 2023 I STATUTORY INFORMATION The Kenelm Youth Trust Limited is a private charitable company. limited by guaranrt r¢gist¢r¢d in England and Wales. The ehority ¢on$tilutes o publi¢ b¢rt¢fit erttity ￿ defined by FRS 102. The company's and charity's registered numbers and r¢gistered olTi¢e address can be found on page l of The Report of the Trustee5. The presentstion eurrency of the financial sratements is the Pound Sterling (£). 2 ACCOUNTING POLICIES Basls of preplrlng the fln#nel*l ltalements The financial Statements have been prepared in a¢¢ordon¢¢ wilh A¢eoun¢in8 ond R¢portin8 by Chwilies.. Stoiemeni of Recommended Prnciice applicable to charities preparing their accounts in accordence wilh the Financial Reportin8 Standard applicable in the UK and R¢public of Ir¢I￿d IFRS 102) {eff¢ctiv¢ 1st janu￿ 2019)- Chtrities SORP (FRS 1021, the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Ba$ls of consolldatlon These consolidoted finoneial $tOt¢m¢nts in¢orNirn¢¢ the financial stst¢ments of the ¢hariWs sub$idiAry undertakin8 Kenelm Hospitslity Limited, a company incorpornied in England and Wales, GolTrg conetrn The trustees a93ess whether th¢ use of golng ¢on¢¢m 1$ appropriate i.e. whether there are any materlal un¢¢rtAlntles related to events or conditions that may CASt significant doubt on the ability of the chariiable company to continue as A 80in8 concern. The tru81¢¢$ have mad¢ ¢hi$ w&ssm¢nt in Tespett of M period of one year from the date of 4pprovAI of th¢ financial $tatern¢nts and consider that no such material uncertainties exist. ITh￿￿1￿8 r¢soiir¢ Incomin8 re50urce5 are stated after the dedu¢tlon of diswunts and value added t&¥ and have been Included in the financial statements on the followin8 bBses: Grants ond donation$ are reco8nised where ther¢ 1$ enliil¢m¢nt, ¢ertalnty of receipt and ihe amount ¢an be measured with sutTicieni reliability. Gift aid donations received from the charitable company's trnding subsidiary are not made under any ¢ontractual obligation and are included in ¢h¢ financial Statements when the donation ha5 been received. Donateil Services and facilities are included in the fin8rt¢Éal $￿eMents when received at the value of the gift to the charity provided the value of the gift eln be musured reliably. Don￿ed services and facilities ihat gre ¢ort$um¢d imm¢dio¢ely are recognised as income with an equival¢ni amouni rttognised ￿ an expense under the appropriate headin8 in lh¢ $t*emen¢ L)f financial activities. R¢treats- irt¢orne from retreat$ 1$ included in the fin￿¢111 sthtements on the date of the Tetreat. Amounts received in 2023 for 2024 r¢tre4ts have been deferred and will be ineluded in in¢ome in the year ended 3 1st D4￿mber 2024. Events- in¢ome from events is included in the financial statements on the d￿e of the event. Amounts re¢¢iv&J in 2023 for 2024 events have b¢¢n ¢leftrred and will be included in in¢om¢ in the year end￿ 31st December2024. Lay Chaplaincy- income from Lay Chaplaincy is included in the fin¥n¢ial statements in the period in which the service 1$ provided resuttin8 in ihe charitable ¢ompany obtsining the right to consideration. AmounLq reeeived in 2023 relating io periods after 31st December 2023 have been def¢Tred and will be included in income in the year ended 31st December 2024. Trading activities - income frnm trading 4¢tivilies 15 included in the financial siat¢m¢nts in th¢ period in whith the goods or serviees ar¢ provided resulting in the charitable ¢ompany obtaining ihe right to considerntion. Fundraising in¢ome - incorne from fundraisin8 is recogni5ed where there is entitlemen( certainty of receipt and the amount can be Measured with sufflcieni reliability. Page 19 The Kenelm Youth Tru$t Limited Notes to the Consolidated Financial Statements for the Year Ended 31st December 2023 2 AccouKfiNG POLICIES {¢ontSnued) In£oming resources (¢oDtinued) Govemment grants - gTants relating lo revenut ¥re recogrtised in income on a systematic basis over the periods in which ihe eniity recognises ihe related costs ftsr which the gTant is intended to cornpem5at¢. O¢h¢r income- all other income is included in ihe financial statements when the amount aTbd eniitl¢ment to the ith¢ome an be mwured with rosonable certainty. Resour¢es expeDded Resources expended have been included in the financial 5￿teMents when an obligation to tr¥nsfer value to a third party has been entered Ift￿. Resour¢eg expended have been 4llo¢*ed in the Sts¢¢m¢nt of Finan¢i41 A¢tivities &% follows: Costs of generating grants and donations - all expendiwre directly and indirectly associated with ￿mIniSt￿l￿g voluntary incom Charitabl¢ a¢Xivitie5 - ¢xpendityr¢ dir¢ctly and indirK¢ly aS￿l*¢d with m¢¢¢ing th¢ obje¢tiv¢s of the chgritgble company. Trading activities- all expenditure directly and indirectly associated with sundry tradin& Fundraising activities- all expenditure directly and indirectty associated raising funds. Governance costs- all expendiwre relatin8 directly or indirectly Éo the general rnnning of ihe charithble company. Support eosL% include all head office and salary ¢ost$. These hav¢ been a]lo¢ated to activity ¢OSt •ries b&sed on ¢stirnat￿ tirne expend￿ in each are& Tangible fixed assets Individual tangible fixed a5s¢ts costing more than £2.500 are capitalised at their historical cost. DePT￿latIOn is provided ￿ the folhwing annual rates in order to write off each asset over its estimated useful life or. if held under a fLnane¢ le4s4 over ihe lease temi. whichever is the shorter. - Freehold property ov¢r 45 years straight line - Household equipment over4 years straight line Motor vehicles 25% reducing balaA¢e - Offi¢e ¢quiprn¢nt over4 yeors strnight line Debtors Tr#d¢ and other debtOTS are reeognised at the settlement amount due after any trade discount offered. Prepayments gre valued at the amount prepaid Det of any trade discounts due. Credltors #ttd provi51ons Crediiors athd provisions are T￿OgnIsed where the charity h&s a pr¢s¢nt obligation resulting from a past e￿t that will probably result in the tran$fer of funds to a third paty and the amount due io settle the obligation can be rne&sur¢d or eStiM￿ed reliably. Creditors and provisions are nomwlly re¢ogni5¢d at their settlement amount after allowing for any trade discounts due. i*asing commitments Rentals paid under operating l¢a5e5 are charged to the s￿eMellt of Firtan¢ial Activities on a $ts4ight line basis over the period of the lease. Page 20 Tre Keftelm Youth Trust Umlted Notes to the Consolld*ted Fln*nei#l Ststemeuts for the Year Endtd 31$t Dtternb¢r 2023 2 ACCOUNTING POLICILS (tontithued) Restrkted fuTrds Restricted futtds relate to Plts reteivol whi¢h can only be applied for a specific purpose. Where grants have been rettiv¢d for sp￿lfi¢ wjitsj purposes and the fimds have been utilised. the restrie¢ion is trea1￿ as bein¥ effectively dischar8ed and a transfer oftr* amount 15 m* to th¢ 8ewl fuThl. The asset is included in unrestrict*J asseL8 of the charity. Designgted Designated funds art *mounts ￿tch have been srf astde of unre5tric¢ed funds to b¢ utilised for specific purposes. The puwe of the desi8natiorLS U% to identify Mion of unrestricted funds that has been non-eontraclu8lly committed. Where funds are deS1￿¢d i￿[ due to a chm8e in ¢Ir¢Um*￿ Ire never utili5ed ftir the designated purpose. they ore transferred b￿k io the g¢thernl PenJloDs The eharitable ¢ompany operatL4 a defined COATh￿10n pemion xhNne. Contrilwjtions PAyable for the yeor gre in¢luded in resources expentsj. T•xatlon AII Sufpluses of the thuitsble comp•ny tr¢ Uillis￿ ￿ furt1￿ its charitable obj#ts and ¢x•npt from taxation. The 8rovp would n¢)mially rrfognise a t￿li0n ehorye M the profits of the trading subsidiary. However ¥ th¢ ¢ntire profits genernted by the tr¥Jin8 subsidiary in the financi￿ year will be donated to its paren¢ thwity within nine months of the reportin8 date. th¢ gpplication of the excwion under p￿h 29.14A of FRS 102 prnvid¢s relief In resm of ac¢ountin8 for the t&x ¢har8e. 3 INCOME FROM GRANTS AND DONATIONS Unre5trirted Restricted Funds Funds T¢xal 2023 TotAI 2022 Grants- Diocese on80in8 Donat￿ facilities- rent free Pr￿15¢5 Government coronavirus supfvirt O¢h¢r grants and dona¢ions 304260 45.6LKI 304,260 45.6fy) 304,260 45,600 7,553 79.681 46.139 103.012 149.151 103,012 4 INCOME FROM CHARITABLE A￿1VITIEs Unrewi¢tyJ Restrict&l Funds Funds Tothl 2023 Totsl 2022 Alton Castl¢ Soli BCYS Lay Chaplain 608,561 203,135 I￿,311 47,940 608.561 203.135 IOOJ81 47,940 533.589 133,070 8,012 31,855 960.017 960.017 706,520 P88e21 The Keneim Youth Trnst Umlted Note5 to the CowoJid*ted Fln*D¢i•l Stst¢JD¢wts for the Year EThd￿ 31st De¢¢ffjb¢r2(J23 S INCOME FROM INVESTMeNTS Unrestriaed Re5trik*d Fund5 Funds Total 2023 Totsl 2022 B*Jk int#est ￿e1V¥b]e 12.603 12,603 1,362 6 cosrs OF GENERATING GIiANTS AND DONATIONS 2023 2022 Dir Charitable SupixKt Ewditure Costs Grantsnakin8 Totsl Total Unrestricted funds Restrie*d fund4 58.481 58.481 7.500 56,267 4,OCKI 7.300 58.481 65.981 60.267 7 EXPENDITURE ON CHAIUTABLE AcfiviTILS 2023 2022 Direa LTh8ritsbl¢ SupF¥x¢ EXwd1tt￿ C¢)sts GTankn*in8 Total Unrestrleted funds Alton Castle Soli BCYS Lay Chaplaincy 139.195 31.882 85.775 7202 737262 207.139 148.321 50.595 876.457 239,021 234.096 57.797 807.604 149,617 120.638 51.037 Totsl Unrestri￿ r￿d$ .143J17 1.407.371 1,12&896 Restsi¢tsd funds Alion Castle 12.862 12,862 83.484 7,270 2,000 23,991 BCYS Lay Chaplaincy 5J70 24.871 30241 TO￿ restri¢*d funds 18232 88,935 107.167 116.745 Totsl charitable acliviiies expenditure 282286 1232,252 1514,538 1245,641 The Keneim Youth Trust Llmited Notes to the Consolidated FinAn¢lal Statements for the Year Ended 31st December2023 8 ALLOCATION OF SUPPORT CO 2023 Wages ¥nd Sa]ori¢s Infom￿tIon E$t•bll$hm¢n¢ M•intenan¢e Teehno108y Costs Costs P¢rsortnel Co$ts All(￿ted to chgritable activili¢s: Alton Castle- Unr¢$th¢¢￿ funds Alton Castle- restricted funds Soli- unrestricted funds Soli - restrict￿ funds BCYS- unrestricted funds BCYS- restricted funds Lay Chaplaincy- unrestricted fijnds Lay Chopl8in¢y- re8tri¢¢¢d funds 442.402 53,210 141,188 68,760 8.210 79.540 20,138 3,000 9,637 44.222 51.676 61.064 719 3.971 125,797 4,092 2.628 42,147 24.871 4,214 1,512 344 647 Tothl ￿l•Cated to charitable activities 714.757 90,199 191.014 182.563 15.456 Allocated to voluntary income Alloraied io governance costs 43.890 59,494 815 6.106 0.056 4.037 1.375 917 1590 1.727 818 141 97.120 201 107 2023 2022 Leg41 and Professional Fees Office Costs Mark￿ing Totsl Allo¢ated to charitable 8ciiviii¢s'. Alton Castle- unrestrirfed fvnds Alton Castle- restricted funds Soll- unrestricted funds Soli- restri¢t¢d fvnds BCYS- unrestrieted fund$ BCYS- restrirted fvnd$ Lay ChBplaincy- unre$tri¢¢¢d funds lay Chaplaincy- restri¢¢ed funds 7.648 1.617 14,227 737,262 657,r26 71,732 137,557 7370.00 109.434 2.000 41,529 15.743 2.553 398 4,641 207,139 1.202 2.059 2.127 148.321 602 94 1.035 50,595 24,871 Total allocated ￿ tharitsble A¢tivili¢s 12.065 4,168 22.030 1.232.252 1.042.991 Allocatsj to voluntary income Alloceted to 8ov¢rnance costs 2.413 11,294 377 965 643 58,481 84,218 51,267 69,114 25.772 1374951 1 163 372 Pa8e 23 The Kenelm Youth Trust Limited Notes to the CoD$olida¢ed Flnan¢lal Statements for the Vear EDdfd 31st Dwember 2023 9 INCOMING RLWURCES- DEFERRED INCOME Incoming resources where there is art element of deferred income 8re L4 follows:_ Trading Activiiies Alton Castl¢ Soli BCYS Cha laine Deferred income at 1st January 2023 and rele&4ed to incoming resources Income reeebved in year Deferred income at 31 st December 2023 10,927 104,538 (6.983) 64,032 632,839 188.310) 17.919 203,440 (18224) 23.374 80.382 (3J75) 17.633 52.911 {22,604) 108.482 608.561 203 135 100,381 The reasons ftir deferring i￿orne are shown in note 2 to these finan¢ial 5tat¢ment$. 10 STAFF NUMBERS AND COSTS The average number of ernployees during the year was as foltows:_ 2023 2022 Charitable activilies and administration 34 34 The aggrega* payroll ¢osts of these persons were as ftsllows'.- 2023 2022 Wages and salaries Social security costs Pension costs 693,223 50.553 74,365 579219 40,561 57,588 818.141 No Thistee received any ¢moluments or expenses payments from the eharitsble ¢ompany (2022- £Nil). No employee received emolurnents exceeding £60,000 durirtg the eurrent or previous finan¢ial year. The (oial employee benefits (including employer pension wntributions) of key managemeni personnel were £113.878 (2022- £101,050> I I MOVEME]YT IN TOTAL FUNDS FOR THE YEAR 2023 2022 Mov¢ment in totsl funds forthe year is stated after chargin Depr¢¢Éation of tangible fixed assets Auditors, remunerdtion- 8udii work Auditors, remun¢ration- other accountsncy work 42,214 9.685 3.440 51214 9,195 Page 24 T1* K¢ttelm Youth Tnut iknilted N•tes to the Consolld8ted fi*aD¢i*l St*t¢m¢nts for the Yt*r Ended 31rt December 2023 12 INDIVIDUAL ￿ATEME￿r OF FINANCIAL A￿1VITIEs AND PROFIT AND LOSS ACCOUNT As pttmitted by Section 408 of the Comp￿7¢$ Art 2￿6, the Stat￿)ent of fina￿la1 aetivitkes find profit and loss account of the parent charity is no¢ pr¢s¢ni￿ a5 4 primary slatsrn￿ in these financial ststrnt& The S￿eMent of financwl TK¢iviti¢s ofth¢¢harity alone is AS follows.. Unrestricted Restricted Funds Funds 2023 2023 Totsl Fynts 2023 Totyl Funds 2022 In￿me.. Grants and donaiions Charitable activities Trading activities Fundraisin8 Investments Other 453,806 960.017 30J49 10,437 12.603 7.852 103,012 556,818 960,017 30J49 10,437 12,603 7,852 502,510 706,326 21,812 8,425 1.362 7.125 Total Ineome 103.012 1578 076 1247 760 Expendlture: Costs of generating grants and donatio Chari¢thl¢ Xlivities Tr*Jin8 aetiviti¢s Fundrnisin8 65.981 1.407.371 19.574 9.417 82.808 65,981 1.514,538 19.574 9,417 82.808 60.267 1.245.641 12235 3.489 67.794 107.167 Total ¢xpMdlture 1.585.151 107 167 1.692.318 1389.426 Net Ineomel{txpendlthrn) for the y￿r {110.08TJ (4.155) (114242) (141.666> Transfers betseen tsTrds Net mov¢m¢ut In (110.08T) (4.155) (114242) (141.666) Total fvntts brought forw•rd 676278 85.048 761.326 Total funds urrled fornthrd 761.326 The K¢nelm Yowth Trn$t Limit¢d Notss to the Consolidated FiTrancial Ststsments for the Ye*r Ended 31st Deeember 2023 13 TANGIBLE FIXED ASSETS (GROUP AND CHARITY) Improvements Household Motor to Pro ui ment Vehicles OITice Cost Ai 1st January 2023 Additions Disposals 93.143 263.518 11.067 20.865 13.424 390.950 11,067 At 31st DeLember 2023 274.585 20,865 13,424 402,017 Depreciation A¢ 1st January 2023 Charge for the year Disposals 14J19 2.070 194.825 38.113 17.385 869 12262 1.162 238,791 42.214 At 31st December2023 16,389 232,938 18,254 13,424 281.005 Net book value At 31st December2023 41,647 2,611 121,012 At 31st December 2022 78,824 68,693 3,480 1.162 152.159 14 FIXED ASSET JNVESTMENTS (CHARITY) Shgres ift Group Undertakin Cost At 1st January 2023 and 3 1st Decembtr 2023 Net book value At 31st Dttemb¢r 2023 A¢ 31* December 2022 Page 26 The Ken¢1￿ Yoyth Trust Llmlted Notes to the Comstslid*ted Fxn*neial St*¢ements for tbe Ye*r E*ded 31s1 De¢¢wber 2023 14 FIXED ASSET INVLsfMENTS {CHARITY) (¢omtltsued) Subsldl*ry llndert*king5 The eompany owns 100% of the share e4>itsl of Kenelm Hospithliry Ltmitrd. a company T¢giStere￿ irt England and W#l¢$ {¢ompany number 09891756) and whose reg￿ler¢d offi¢¢ 1$ the same as the charity. Kenelm Hospitality Limiied undthakes ¢omm¢rri41 l¢ttings of the property occupied by the ¢h8rity and donates its profits to the charity und¢r ihe 8ift aid sdJem& Kenelm Hi6pitalty Limited is iKluded in these consolida*d finan¢i41 The summary fitjaneial perfornmnce of KaKlm H05pitslity Limited is: 2023 2022 Turnover Expenditure 85.108 (9.833) 69,665 (11.858) Profit for the financial year 75.275 57.807 Retained ellrninss at b¢8inning of y¢ Gift aid don*iort to The Kenelm Youth Tn￿ Limithd 57.807 157.807) 65,416 (6S,416) R¢tain¢d ewnirtBs ￿ end of year 75 57.807 The ass¢¢s liabiliiiu of Kenelm HospitAliry LiMi￿d Are: Curren¢ ￿ets Curren¢ liabilities 84.569 (9.293) 75.306 (17.498) A8gwote $hare capitrl And reserves 75 IS DEwfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2023 Group 2022 Chority 2023 Chllrity 2022 Trade debtor5 Amounts owed by 8roup undvthkings Other deb￿r$ 128,904 149.790 116.491 132,906 5250 10,068 28,137 123 27,020 10,068 28,137 123 27.020 156.047 187.995 143,634 176.361 Group and charity other debtors includes £lO,(th (2022 - £I0.OC￿) in respect of ￿stricted and de5i8nated gr￿ts which the eniity is entitled but had received th¢ fvnds * the ¢Ad of the finaneial year. Py27 Tht Kenelm Yo•th Tr¥st limited otu to the Consolkl*ted fiTraD¢i*l Stst¢mtnts for the Yar En•Jed 31$¢ D¢fember 2023 16 CASH AT BANK Grwp 2023 Group 2022 Charity 2023 Charity 2022 Current accounts Deposhl a￿Ounts 151.613 591.410 104,353 646,013 79.456 591.411 45.931 646.013 743.023 750J66 670,867 691.944 17 CREDITORS: AMOUNTS FALLING DUE W￿H1N ONE YEAR Group 2023 Gr(￿P 2022 Chwity 2022 2023 Trade eredito Oiher creditors Taxation and social security Acuua15 Deferred ineome 42203 11.098 67.464 40J09 139.496 342r2 42203 10,198 67,464 38.899 132,513 34272 411 62.551 41.215 122.958 62J51 42.535 133.886 300.570 273.655 291.277 261,407 18 LEASING AGREEMEKrs Minimurn leas¢ payrn￿ts under non-cancellable cguating leases fall due as follows: 2023 2022 Within on¢ye Between one and five yea5 2.877 7.910 10.781 19 TAXATION No ¢&Vtion is payoble for the ￿rrettI or previo￿$ financial yetr as surpluses arise from a¢tivi¢i¢s fuFththn8 the charitable objects of the charithble company and aTe utilised for tharirable purp)se4 therefore leading to exemption 211 CONSTITUTION The charitable company is limt*d by guara￿ and does rmx have a share capital. Page 28 Th¢ K¢n¢lzn Youth Trust 1￿Mited No¢¢$ to the Consolidxted ￿n#￿ti#l St•ttments for th¢ Y¢8r Ended 315t De¢embEr 2023 21 RESTRI￿ED INCOME FUNDS (GROUP AND CHARITY) Balance at 01.01.2023 Incoming resources Outgoing resourees Balan￿ 41 31.12.2023 Transfers Lay Chaplaincy Helen Sthill Memorial Fund Children on Relreat Support Fund for Girls 2￿h May 1961 Charitable TN$t Baron Davenpon Trust Th¢ Hedley Foundation Persimmon Choritsble Foundation Sir Harold Hood's Charitable Trust Th¢ Rowlond$ Tru$1 Wilm¢ote Ch8ri¢w81 SylvL4 Waddilove FouDd8tion UK Skioon Charitable Foundation DMF Ellis Charitable Trust Th¢ Richard Cadbury TTUSt The Grnnthwn York¢ Thi$t Porticus Trt￿l The Headley Trusi Garfield Weston Foundatiort Historic Houses Foundhtion Albert Gubay Chorilable FoUnd￿lOn Knights of Si Columbi& 21,074 2,817 9,345 34,446 3,000 1.250 3,000 366 3,000 3,000 750 3,000 (S.0￿) (514) (4.065) (4.000) (3,000) (352) 16,074 2,303 5,280 30,446 1.500 2.398 3,000 (366) (3.000) (1.565) 1.435 730 {3,0￿)) 2.229 2.049 500 2.000 30.000 5.000 20.000 15.000 20,000 734 2.229 2,049 500 (2.0fy)) (22241) (5,000) (20,0(￿) (9,064) (20,0th)) 7.759 5,936 734 99,012 103.167 Pase 29 Th¢ Kenelm Youtb Trust Llmit Notes to the Consolldgttd Fingnti#l Statements for the Year Ended 31$t Deeember 2023 21 RESTR]￿ED INCOME FUNDS (GROUP AND CHARITY) (contiDu¢d) Balan¢¢ * 01.01.2022 Incoming resources Outgoing Balance at 31.12.2022 Trdnsfers Lay c￿plaineY Helen Sc8hill Memorial Fund Children on Retre Support Fund for Girls The Brian Shaw Memorial Fund (l) The Brian Shaw Memorial Fund {2) Stitchting Benevolentia Allchurches Twst Limited 29th May 1961 Chori18bl¢ Trust B8ron Davenport Trust The Culwre Reeovery Fund for Heritage DiLxesan Education Service The Hedley FoUnd￿lOn Pa¥immon Charithble Foundation Gowling {WLG) Charithble Trnst Sir Hgrold Hood's Charitable Trust Souter Charitable Trust The Rowiands Trust WilM￿le Chariiwst Lafarge Ta￿#¢ Sylvia Waddilov¢ Found*ioD UK 21,074 2.944 9,774 36.246 1,000 900 4.063 7,928 6.0(Kl 21.074 2.817 9.345 34.446 (127) (429) (1.800) (1.000) (9(10) <4,063) (7.928) 16.¢)00) 3.000 1,250 3,000 1.250 64.437 (64,43D (10,000) 10.0( 3.000 57 500 3,000 366 5.000 {4,691) (500) (2.O¢XI) (2J70) 5.000 3.000 2.370 3.000 750 14,500 3,000 3.000 750 (14.5(￿) 3.000 45.500 120,745 85.048 Page 30 The Kenelrn Youth Trffjt L4Wited Notrs to the CortsoJid*ted finamel*l SlatemeAts for the Yt*T EDded 31st Deeembtr 21)23 21 REsfRicfED INCOME FUNDS (GROUP AND CHAIUTY) {eo#thb￿ed) The puw for whith th¢s¢ grants and thnations w#e rn* ¥¢ &% folloK: The Lay Chaplaincy fimd. suppjrt sclMxJl thaplains in catholic secondary scknls of the Archdiocese of Birniln￿am. H¢i¢n S¢ahill Memorial fund- subsidise chilthen on residential retre*s. Children on Retreat fiJnd- Subsidise children on reSId￿ti¥l retreats. SuprK)rt fund for girJs- suprrfyrt for girls from pxy backwThJs io Tetreats. courses aThl pilwillw. Th¢ Brian Shaw MenKJria] fund (l). work with disth8nW Childrth and young peopl The Brian Shaw MeTh￿ri&l fund (2)- Soli voluntrets wogramme. Siitchting Bet￿Ole￿ila- support young wsons with their faith. m&)tsl and well-bein& Allchurche5 Trust Limited- supixjrt youn8 perso￿% with their rai￿ mental health #nd welkbeing. 29th May 1961 Charitable Tn&. SUFWrt young persons with their faith. mental health 8nd well-bein& Baron Davenp)rt Tntst. ttjpes eourse and ￿1VItieS equipm*L The Culwre Recovery Fund for Heritsge- C&4le refirtiishment prOJ￿ts and business developmenL Diocesan Edu￿10ft Service- lay clylaiw prnvisio￿. The HwJl¢y Foundation- a¢tiviti¢s equipment. Persimrnon Charitable Found*ion- &#ivtti¢s equipm Gowlirtg (WLG) Charitable Trust- xtivitie5 equiprnenL Sir Harold HO￿￿5 Charitable Tn￿. C￿e refirt*ishment pYojeLaS and n)pes g)urs¢. Souter Charitsble Trust- 5011 volunteers progrnmme. The Rowlands Tn￿- actiwties equipmeiiL Wilrncote Ch2ritn]s¢- sctivities eqUipM￿L Lafarge Tamiac. ropes tour5e. Sylvia Wthldilove Foundation UK- Guild H￿1 roof r¢pai Skipton Charitsble FOund￿lOn- ￿tivitIeS DMF Ellis Charitsble Trust- ￿]VItieS equipmettL The Richard Calbury Trust- activities 4UiPlI￿L The Grdniham Yorke Tnw. enable di￿vantaged children frorn the West Midlands regions to attend xtiviry day. Portiujs Trust- Syntyjal resFKM]se to the The Headley Tn￿- Guild Hall T¢PiT GarfL¢ld WesTh Found*ion- Guild Hall r{￿r repair Hi￿one HO￿ Foundation- Guild Hall rwf repaits. AIE¢rt Gubay Charitable Foundation- Guild Hall roof wair> Kni￿lts of St Columbia- relaunth of John Paul Second awar P4e31 Tr Kendw Youth Trw# IAThited Notes to the Consolidated financial Ststem¢nts ror th¢ YMr Ended 319¢ Dttember 21)23 22 uNREsTRl￿ED INCOME FUNDS Grou Balance at 1st January 2023 Nes in¢om¢ for the year Tran5frrs from restri¢t•J fvnds 734.085 (92.619) 676278 {110.087) Balance * 31￿ DKember 2023 641.466 566.191 Balar*r* at 1st January 2022 Net income for the year Transfers fmm restricted fimds 808.115 (74.030) 742,699 {66.421) B￿anc< At 3 1st December 2022 676 278 The income fvnds of the chtrity lrtclud¢ th¢ following d¢si8nth4 fvnds whi¢h h8ve be￿ s# oside out of unrestricted fund$ by th¢ trustees fcff spxific purFh)ses: Funds Unde5i8- nated Balance at 01.01.2023 tksi8n tion5 Balance BCYS Refurbishmeni covit>19 legw and re¢0￿ fvnd Guild Hall Roof Repairs and Insulaiiijn WYD fvnd Healih and Safety kvoje¢ Disabled Acc Repair Main Gates to Aliort C¥tle Alverton Buildin8 RefvrbishM￿¢ Replace Bunk Beds Ener&y RedU￿10n Mewres 57.913 12.000 17.741 (3.000) (5.417) (3.300) {40.￿0> (10.￿0} (500} $4.913 6,583 14,441 15.000 60.045 23.4 IiJio 10.0 15.0 5.000 59,545 23,400 (11.310) i 0,000 24J34 10,000 10.000 10.OOD (666) 262.409 208 Page 32 The Kettelm Youth Trvs¢ iAmlted Notes to the Consolidated ￿￿9￿¢1•1 Stat¢weDts for the Ye•r Ended 31$¢ Dettwber 2023 22 UNRL￿R1￿ED INCOME FUNDS (continutd) FuThts Undesi8- BalwK¢ at 01.01.2022 De5i8n•- Balan¢¢ #t i¢ure 31.12.2022 BCYS RefuTbishmeni COVID-19 legacy and recovery fijnd Guild Hall Roof Repaits and Insulatil Moutain Bikes- Alton Castle WYD fund Bike5- Soli H¢•lth and S•frty proje¢is Disobled Aec Repair Main Gatss io Alton ca￿1¢ Alvertort Buildin8 Refurbishmert Replace Bunk Beds Up8r*Je ConferaK¢ Fxililies 57.913 13JT2 33.C 57,913 12,000 17.741 40.000 (12r2) (15.259) 120.fyJ)) (5,000) 15,C 15.(XlO (5,000) (4.955) 25.iYIO 25,(K 12,rAIo 10,( 15.( 10.( 60.045 23,400 11.310 lo,￿0 15.Crf)O {}.6￿> {6g¥)) (10.ofy)) The PUTFK>St for which these desiwtiom Thyre 4r¢ &$ follows: Th¢ BCYS fund is ￿ amount ￿ Iside to provide youth ministyy ￿1¢¢$ within th¢ Birniingham Catholi¢ Dio¢es¢. Th¢ Refurbishmeni fithd is M amount set •side w ca￿ refU￿1$hm¢M works ￿ Alwn Cwle. The COVIt%191¢8xy and recow fund 15 #n amoun¢ set aside to support the l)Jo Vadil proje¢t. The Guild Hall roof repairs and Insul￿10ft fund is an arnount sd ￿ld¢ for r￿lacement of the roof. The Mountain bikes- Alton Ctyle fvnd is an any)uni aside for the repl￿eTht ofthe C&ryile's rnountain bikes. The WYD fvnd is an qrnount sd ￿ld¢ io support particiwion in World Youth Day. The Bik¢s- Soli fund is an wnount set uide fi>r the repknmerrt of So113 bikes. Th¢ Health and S•f¢ty proje¢ts fvnd 1$ In 4mount sd •sid¢ for emergency exii stAirn r¢pAir of Castle windows. The Disabled access fvnd is on •mouM $¢1 tsid¢ for n¢w dIsthle￿ a¢¢￿ ¢0 Allon Ca*le. Th¢ Repair mairt w to Altott C4#1¢ fiEnd is ¥n wn4%nt $¢1 tsid¢ to repair the entrnn¢e mlin gat¢ ￿ Alton C￿1¢. The Alverwrt buildin8 refU￿]shMent fuThl 15 amount z¢t aside for improvernent to stOrn8e and refU￿1$hm¢nL The Replace bunk beth fund 15 an amou￿ set aside to replxe8uest l)eds at Soli. The Upgr*le conference fxitilies fund is ￿ anmwnt set ￿lde to improve WiFi aThJ new presentsti(m equipment It Soli. Funds unde5iW¢d shown atK¥ve represeni exp*thl in a¢¢ordw with th¢ purpw of th¢ desi￿￿10￿ on tsn8ible fixed ass￿% Page 33 The Keneim Youth Trnst Llmlted Note5 ¢0 the Consolidsted Finsnti81 Statements foT th¢ Y¢ar Ended 31st December 2023 23 ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS 2023 Restri￿ed fun¢ts UnTestri¢ted Funds Totsl Funds Tangibl¢ fix¢d a5s¢ts Current Lssets Cu￿ent liabilities 121.012 821.024 (300.5701 121.012 901.917 (300,570) 80.893 641,466 80.893 722,359 2022 Unrestricted Funds Restricted funds Total Fund$ Tangible fixed assets Current assets Current liabilities 152,159 855,581 (273,655) 152,159 940,629 1273,655) 85,048 734,085 85,048 819.133 24 RELATED PARTY TRANSACTIONS The Ri Rev S WrighL a tnjsiee of the charity until 16th June 2023, is also a trustee of the Bimingham Dio¢esan Trust. During the year ended 3 1st December 2023 grants of £304260 (2022 - £304,260) w¢re paid to the ¢haritsbl¢ Company by the Bimi]n￿8M Diocesan Trust. Th¢ charity operates rent free in premises own¢d by the Birniinghgm Diocesan Trust. The charity is fvlly responsible for the day-tIHlay maintenance and upkeep of the historical buildings and shar¢5 re5pon$ibility for 5ub5tsntial stru¢tural work with the Bimiinghwn Dio¢eson TTUSI. The annual value of this donated facility has been assessed by an independent lettinRY aH¢nt to be £45,600 (2022- £45,6¢Xs). During the year ended 31st December 2023 the profits of the ¢harity$ wholly owned subsidiary Kenelm Hospitality Limited for the yeor endeil 31si December 2022 were paid to the eharity under gift aid. Th¢ donation amounied to £57,807 {2022 - £65.416) and has been included in the charity's income frotn dona¢ion$ and l¢gacie5. Th¢ profits of Kenelm Hospithlity Limited for ihe year ended 31st December 2023 will be donated ¢0 ihe ¢harity during 2024. Included in charity debtots at 31st December 2023 is £nil (2022- £5250) owed by Kenelm Hospitslity Limited. Page 34