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2024-03-31-accounts

Charity registration number 1146158

Company registration number 07937704 (England and Wales)

YOUTH MINISTRY TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024

YOUTH MINISTRY TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr WM Howard
Dame M Regan
Sr K Matthews
Dr S O'Neill
Fr M Lyden-Smith
Ms C Lawrence
Mr E M Donnelly
Rev MA Millward
Ms E F Standfield
Ms C M Craig
Secretary Ms E F Standfield
Charity number 1146158
Company number 07937704
Registered office Emmaus Village
Pemberton Road
Allensford
Consett
County Durham
England
DH8 9BA
Independent Adam Halsey FCA DChA
examiner HaysMac LLP
10 Queen Street Place
London
EC4R 1AG

1

YOUTH MINISTRY TRUST

CONTENTS

Page
Trustees' report 1 - 7
Independent Examiner's report 8
Statement of financial activities 9
Balance sheet 10
Statement of Cash flow 11
Notes to the financial statements 12 - 23

2

YOUTH MINISTRY TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE PERIOD ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the period ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The YMT charity has two objectives:

The principal activity streams which deliver our objectives are:

1. Direct delivery of services to young people

2. Supporting others who support young people

3. Building capacity to provide support for young people

Public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.

Use of volunteers

The YMT is supported by young volunteers aged 18 plus, including some who commit to a ‘Gap Year’ residential experience as interns based at the Emmaus Village. They are recruited both locally and from across the World and currently there are four interns living and working with the Emmaus Youth Village and the schools and parishes of the Diocese. In addition, there are some ten adult volunteers who take on aspects of leadership and delivery overseen by the Director of Youth Ministry, Tony Lawless, and the members of his team. It should be noted that at the time of writing Tony Lawless has stepped away from his role at the YMT. Trustees will shortly be recruiting to this vacancy

3

YOUTH MINISTRY TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024

Achievements and performance

The YMT planned and organised both its work at the Emmaus Village and across the Diocese to optimise the opportunities to engage with young people, as well as organising the Youth Section of the Diocesan Lourdes Pilgrimage which took place in the summer of 2024.

Across the period ending 31 March 2024 over 4,000 children enjoyed residential retreats at the Emmaus Village, whilst in July 2024, the charity hosted its annual Festival at the Village with over 4,000 young people attending across a two-week period.

In March the Flame Conference took place with around a thousand young people travelling from the Diocese by train and coach to the Wembley Arena. This witness of the living Church is visible testament to the charity’s mission in action. Likewise, the Pope John Paul II Award, as part of the YMT’s work, has provided a meaningful way for young people to actively witness to the Gospel in their communities. Alongside this, the CYMFed Faith in Action Award has also encouraged young people in the Diocese to deepen their faith through service and reflection.

The Rt Rev Stephen Wright was installed as Bishop of Hexham and Newcastle at the Cathedral Church of St Mary on 19 July 2023. Bishop Stephen has further strengthened the Trustee Board of the YMT thus bringing the YMT into a closer relationship with the Diocese whilst at the same time broadening the skills and experience of the Board.

Financial review

The Trustees continue to seek to stabilise the financial position and to move the Charity to the position of a retained surplus on its unrestricted reserves. The previous period saw that return to a positive position, due to increases in charitable activities and also grant funding, with this direction of travel continuing.

In 2024 the recommendation by the newly appointed Diocesan Auditors to consolidate the YMT accounts with those of the Diocese was approved by both the Diocesan and YMT Trustees. In doing so, the financial year for the YMT was amended to become coterminous with that of the Diocese. The financial year for the YMT is now 1 April to 31 March and as such this Trustees’ Report covers a seven-month period from 1 September 2023 to 31 March 2024.

The trustees are heartened that the Schools within the Diocese continue to use the facility at the same rate as prior years and this has been the main charitable income stream for YMT. Control of costs remains a challenge, particularly given the high rate of inflation with pressures on costs of utilities and foodstuffs, as well as challenges around staff recruitment and pay. The main reason for the deficit in the 7-month period is attributed to a one off asset being classified through revenue and not capital this has been matched against the Designated fund set aside in March 2023. Plans for the proposed scheme were submitted to the local authority for approval with planning permission eventually granted in early 2024.

Going concern

The Trustees have performed an assessment of the Trust's ability to continue as a going concern, by reference to forecasts and working capital requirements for a period of 12 months from the date of approval of these financial statements. The Trustees are satisfied that the going concern basis of preparation for these financial statements is appropriate.

Reserves policy

The trust as a not-for-profit organisation has not created to date, any major free reserves. Post covid and with Bishop Stephen being appointed, YMT are reviewing their structure and relationship with DHN. Nearly all of YMT reserves are restricted and the trustees continues to work towards creating free reverses. The trustees hope to align themselves with DHN policies and want to increase their free reserves to cover a reasonable period of trading.

Principal funding sources

The principal sources of funding for the Trust are donations from the Diocese and the general public, income from fundraising activities, income generated from overnight accommodation and going out into schools and parishes to deliver the objectives of the Trust.

4

YOUTH MINISTRY TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024

Financial risk management policy

The Trust's principal financial instruments comprise cash and cash equivalents. Other financial assets and liabilities, such as trade creditors and trade debtors, arise directly from the Trust's operating activities.

The main risks associated with the Trust's financial assets and liabilities are set out below. The Trust does not undertake any hedging activity and any significant financial risks are addressed on a case-by-case basis.

Interest rate risk

The Trust invests surplus cash in floating rate interest yielding bank accounts, therefore financial assets, interest income and cash flows can be affected by movements in interest rates. However, the Trustees do not consider there to be any significant exposure. The Trust has no bank borrowings.

Price risk

There is no significant exposure to changes in the carrying value of financial liabilities.

Credit risk

The Trust's policy is aimed at minimising such losses. Individual exposures and overdue debts are monitored with customers to ensure that the Trust's exposure to bad debts is not significant.

Liquidity risk

The Trust aims to mitigate liquidity risk by managing cash generated by its operations. Flexibility is maintained by retaining surplus cash in readily accessible bank deposit accounts. Limits on spending authority are in place.

Foreign currency risk

There are minimal transactions in foreign currency. As a result, no hedging activity is undertaken to mitigate this risk.

Investment policy

The Trust ensures that any investment strategy it adopts does not put at adverse risk any of the assets it is responsible for.

Funds are placed on deposit at the highest possible interest rates, consistent with cash flow requirements.

Plans for future periods

Following the appointment of Bishop Stephen as the Bishop of Hexham and Newcastle, the YMT is now on a sure footing as the youth ministry of the Diocese.

Work continues on the capital projects, with generous support from a number of funders, whilst the Diocese has committed to purchasing additional land adjacent to the Emmaus Village to enable the YMT expand its outreach and increase its impact.

Structure, governance and management

Governing document

The Trust is a charitable company limited by guarantee and was incorporated on 6 February 2012. It is governed by Articles of Association as adopted on 6 February 2012.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr WM Howard Ms DM Fox (Resigned 31 January 2024) Dame M Regan Sr K Matthews Mr D Leane (Resigned 24 November 2023) Dr S O'Neill Fr M Lyden-Smith Ms C Lawrence

(Appointed 28 May 2023)

5

YOUTH MINISTRY TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024

Mr E M Donnelly (Appointed 24 July 2023 Rev M A Millward (Appointed 1 July 2023) Ms E F Standfield (Appointed 1 May 2024) Ms C M Craig (Appointed 1 May 2024)

Recruitment and appointment of new trustees

From time to time it is necessary for the Trust to recruit new Trustees to replace those that have either resigned during their term of office, or by way of anticipating planned retirements after the completion of either a single term of three years, or a maximum period of six years, being two terms of three years.

When a vacancy occurs, the Board will determine the mix of skills and experience needed so as to ensure a fully functioning team of Trustees and will seek to identify individuals who appear to have the qualities and interest in what we do. Although not strictly a public appointment, when setting out the essential requirements of potential Trustees, the Trust chooses to make known that it expects appointees to follow the seven principles of public life as defined by the Committee on Standards in Public Life. After fair assessment by a panel of the Board, a proposed applicant is recommended to the Bishop for appointment.

Organisational structure

The Youth Ministry Trust is a registered Charity and a Company Limited by Guarantee. The Diocese of Hexham and Newcastle is the defined Member under the Articles of Association. The Bishop appoints Trustees including the Chair of the Board and has a controlling role in the appointment of leadership staff. He is thus identified as a Person of Significant Control under Company Law. The Board composition is detailed in the Articles of Association, to include at least two members who are also Directors/Trustees of the Diocese of Hexham and Newcastle (registered company co. no. 7732977, registered charity no.1143450), and meetings are only quorate when at least one of those Board members is present.

The role of the Board is summarised as being responsible for managing the resources, regulation, risk, reputation and resilience of the charity. Trustees are appointed for a three-year term with new Trustees being identified for consideration by the Bishop either when a vacancy arises or when a need for additional skills is identified. Trustees are appointed for a three-year term .

The composition of the Board is such that it includes representatives of key stakeholders and people appointed for the expertise and experience they can bring. The Board sets the strategic direction and identifies the policies required of the Company which are then delivered by the senior management team with the leaders attending Board meetings.

An annual Business Plan and Budget is prepared for review and approval by the Board of the Diocese of Hexham and Newcastle with interim termly reports provided.

Induction and training of new trustees

The induction and training of Trustees is the responsibility of the Chairman and is arranged on an individual or collective basis as appropriate. The Board of Trustees has recently approved the introduction of formal training sessions for the Board as a whole, and one-to-one appraisals undertaken by the Chairman. Trustees of the YMT are invited to attend training sessions arranged for the Diocesan Board with the most recent session being on safeguarding

Risk management

The Trust has adopted a risk management strategy evidenced through the development of a Risk Register. The risk management strategy forms part of Trust's overall internal control structure and corporate governance arrangements. The strategy provides definitions of relevant terminology and details responsibility and accountability within the Trust. The strategy also describes the management process, including the identification and measurement of risk and the main reporting arrangements.

Risks are categorised in one of seven areas: strategic, operational, reputational, financial, physical, people, and regulatory.

Risk Appetite is the term used to determine the amount of risk that is appropriate for the Trust. Risks are considered on an individual basis using a risk model to determine the impact and likelihood of a potential risk and the appropriate response to the outcome of measuring each risk.

6

YOUTH MINISTRY TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024

Statement of trustees' responsibilities

The trustees, who are also the directors of Youth Ministry Trust for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' report was approved by the Board of Trustees on 31[th] March 2025

Fiona Standfield

Ms E F G Standfield Trustee

7

YOUTH MINISTRY TRUST

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF THE YOUTH MINISTRY TRUST

I report to the Trustees on my examination of the accounts of The Youth Ministry Trust for the Period Ended 31 March 2024 which are set out on pages 9 to 22.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). The trustees are satisfied that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and have chosen instead to have an independent examination.

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

Independent examiner’s statement

Since the charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in the 2011 Act, I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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

Adam Halsey FCA HaysMac LLP, Chartered Accountants 10 Queen Street Place London EC4R 1AG

8

YOUTH MINISTRY TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 31 MARCH 2024

Current financial year
Unrestricted
funds
2024
Restricted
funds
2024
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Notes
£
227,788
3312,469
4 10,183
240
-
£
61,495
-
-
-
-
Total income
350,680
61,495
Expenditure on:
Raising funds
Charitable activities
5
10,038
6
644,758
-
51,618
Total expenditure
Net incoming resources before transfers
Gross transfers between funds
Net income/(expenditure) for the year/
Net movement in funds
Fund balances at 1 September 2023
Fund balances at 31 March 2024
654,796
(304,116)
-
(304,116)
309,022
4,906
51,618
9,877
-
9,877
1,463,539
1,473,416		 Total
2024
£
89,283
312,469
10,183
240
-
412.175
10,038
696,376
706,414
(294,239)
-
(294,239)
1,772,561
1,478,322		 Total
2023
£
433,973
603,450
21,795
81
2,204
1,061,503
30,433
761,794
792,227
269,276
-
269,276
1,503,285
1,772,561

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

9

YOUTH MINISTRY TRUST

BALANCE SHEET

AS AT 31 MARCH 2024


Notes
Fixed assets
Tangible assets
10
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current
liabilities
Creditors: amounts falling due after
more than one year
14
Net assets
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
15
16		 March
2024
£
£
163,309
-
1,330,290
265,732
1,596,022
(281,009)
1,315,013
1,478,322
-
1,478,322
1,473,416
3,266
1,640
4,906
1,478,322		 August
2023
£
£
321,415
23,396
1,546,536
120,928
1,690,860
(239,714)
1,451,146
1,772,561
-
1,772,561
1,463,539
241,383
67,639
309,022
1,772,561

The financial statements were approved by the Trustees on 31[th] March 2025

Ms E F G Standfield

Trustee

Company registration number 07937704

10

YOUTH MINISTRY TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR PERIOD 31 MARCH 2024

2024
Notes
£
£
Cash flows from operating activities
Cash generated from operations
18
251,901
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
(107,337)
-
240
Net cash used in investing activities
(107,097)
Financing activities
Repayment of borrowings
-
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
-
144,804
120,928
265,732		 2023
£
(309,886)
199
81
(50,000)		 £
379,791
(309,606)
(50,000)
20,185
100,743
120,928

11

YOUTH MINISTRY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Youth Ministry Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Emmaus Village, Pemberton Road, Allensford, Consett, County Durham, DH8 9BA, England.

1.1 Accounting convention

Youth Ministry Trust meets the definition of a public benefit entity entry under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The company has applied the following accounting policies:

1.2 Going concern

The financial statements have been prepared on a going concern basis following the guarantee of continued financial support from Diocese of Hexham and Newcastle. The Trustees have considered a period of 12 months from the balance sheet date and consider no further disclosures relating to the charity's ability to continue as a going concern need to be made.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

12

YOUTH MINISTRY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 4% to 25% straight line Fixtures and fittings 20% to 25% straight line Computers 10% to 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared against its carrying amount. Where the estimated recoverable amount is lower, an impairment loss is recognised immediately in profit and loss.

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Taxation

As a charity, the company is exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12 Debtors and creditors

Trade debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

13

YOUTH MINISTRY TRUT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2024

2 Donations and legacies

Donations and gifts
Grants
Donations and gifts
Youth Sunday
Sisters of Mercy
Society of Sacred Heart of
Jesus
Other
Grants received for core
activities
Diocese of Hexham and
Newcastle
Government grants
William Leech Foundation
Porticus
Genesis Trust
Grants (assumption)		 Unrestricted
funds
2024
£
27,788
-
27,788
20,420
-
-
7,368
27,788
-
-
-
-
-
-		 Restricted
funds
2024
£
1,995
59,500
61,495
-
-
-
1,995
1,995
-
-
20,000
500
39,000
59,500		 TotalUnrestricted
funds
20242023
££
29,783
59,500
27,929
185,000
89,283
212,929
20,420
-
-
-
-
3,000
9,363
24,929
29,783
27,929
-
185,000
-
-
20,000
-
-
500
-
39,000
-
59,500
185,000		 Restricted
2023
£
41,181
179,863
221,044
-
40,000
-
1,181
41,181
-
4,800
20,000
155,063
-
-
179,863
Total
funds
2023
£
69,110
364,863
433,973
-
40,000
3,000
26,110
69,110
185,000
4,800
20,000
155,063
-
-
364,863

14

YOUTH MINISTRY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2024

3 Charitable activities

School
accommodation
2024
£
Room hire and
other income
2024
£
Retreat income
Analysis by fund
Unrestricted funds
Restricted funds
234,741
234,741
-
77,728
77,728
234,741
77,728		 Other festivals
2024
£
-
-
-
-		 Total
2024
£
312,469
312,469
-
312,469
4
5		 Other trading activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Bar and shop income
10,183
21,795
Raising funds
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Costs of raising funds
Other fundraising costs
Fundraising and publicity
10,038 15,200
- 15,238
10,038
30,433
10,038
30,433

15

YOUTH MINISTRY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

6 Charitable activities

Charitable Charitable
activities activities
2024 2023
£ £
Staff costs 206,681 272,612
Retreat expenses 61,980 117,989
Festival and event expenses 6,826 145,852
Gap year expenses 27,599 26,021
303,086 562,474
Share of support costs (see note 7) 393,290 199,320
696,376 761,794
Analysis by fund
Unrestricted funds 644,758 706,831
Restricted funds 51,618 54,963
696,376 761,794

7 Support costs

Depreciation and
impairment
Management and
administration
Premisses and office
costs
Audit fees
Consultancy and
professional fees		 Support
costs
Governance
costs
2024
£
£
£
265,442
-
265,442
17,086
-
17,086
96,925
-
96,925
-
2,038
2,038
11,799
-
11,799
391,252
2,038
393,290		 Support
costs
Governance
costs
2023
£
£
£
18,076
-
18,076
18,911
-
18,911
118,659
-
118,659
-
3,600
3,600
40,074
-
40,074
195,720
3,600
199,320

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

16

YOUTH MINISTRY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 March 2024

9 Employees

The average monthly number of employees during the year was:

Administrative staff
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
15
2024
£
181,002
15,662
10,017
206,681		 2023

13
2023
£
242,897
17,129
12,586
272,612

During the course of the year, the amount paid to key management totalled £54,922 (2023: £53,405).

There were no employees whose annual remuneration was more than £60,000.

10 Tangible fixed assets

Leasehold Fixtures and Computers Asset under Asset under Total
improvements fittings Construction
£ £ £ £ £
Cost
At 1 September 2023 281,014 31,559 117,918 - 430,491
Addition 6,405 - 4,498 96,434 107,337
Disposal (287,419) - - - (287,419)
At 31 March 2024 - 31,559 122,416 96,434 250,409
Depreciation and impairment
At 1 September 2023 41,671 24,684 42,721 - 109,076
Depreciation charge in the year 7,631 1,811 17,884 - 27,326
Depreciation on disposal (49,302) - - - (49,302)
At 31 March 2024 - 26,495 60,605 - 87,100
Balance at 31 March 2024 - 5,064 61,811 96,434 163,309
Balance at 31 August 2023 239,343 6,875 75,197 - 321,415
11 Stocks 2024 2023
£ £
Work in progress - 23,396

17

YOUTH MINISTRY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2024

12
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
Other debtor
 2024
£
64,621
1,261,875
~~3,794~~
1,330,290		 2023
£
54,472
1,492,064
1,487,274

Included within debtors due within one year is an amount of £1,244,833 (2023: £1,479,833) owed in relation to accrued income.

13 Creditors: amounts falling due within one year

Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
 2024
£
6,305
15,456
-
259,248
281,009

Included in accrued expenses is deferred income totalling £259,248 (2023: £151,295) which represents incoming resources for which the related services have yet to be provided.

14 Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year
2024 2023
£ £
Other loans - -

18

YOUTH MINISTRY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2024

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds

Chapel fund
Grotto fund
Team Training fund
Awards fund
GenesisTrust
Connectedness 2 - Inreraction fund
Kroch Foundation fund
Significance fund
Porticus
DDC Tree Fund
Assumption Legacy
Lourdes Pilgrimage
William Leech		 Balance at
1 September
2023
Incoming
resources
Resources
expendedTransfers
Balance at
31 March 2024
£
£
£
£
£
14,412
-
-
14,412
63,397
75
(4,380)
-
59,092
5,269
-
(785)
-
4,484
6,357
1,920
(2,056)
-
6,221
-
500
-
-
500
5,061
-
-
-
5,061
1,115
-
-
-
1,115
1,215,224
-
(6,521)
-
1,208,703
147,904
-
(1,027)
-
146,877
4,800
-
(5,760)
-
(960)
-
39,000
(25,855)
-
13,145
-
-
-
-
-
-
20,000
(5,234)
-
14,766
1,463,539
61,495
(51,618)
-
1,473,416

Chapel fund

This fund represents donations received to fund the build and repairs of the chapel.

Grotto fund

This fund represents donations received to fund the build of the new grotto.

Team training fund

This fund represents donations received for providing team training which had not been possible during to the pandemic.

Awards fund

This fund represents donations received for the Pope John Paul II awards.

Connectedness 2 - Interaction fund

This fund represents monies received from The William Leech Foundation for the support of the "Connectedness 2" project.

Koch Foundation fund

This fund represents monies received from The Koch Foundation for the "To support a Youth Ministry" project.

Significance fund

This fund represents monies received from the Significance Trust to contribute to modernising and developing the facilities at the Emmaus Youth Village.

Porticus

This represents a grant to support an audit of safeguarding with the charity as well as funding of salary for a safeguarding post.

DCC Tree Fund

This is a grant to plant trees on the site as Durham County Council's woodland revival project.

Assumption Legacy

This fund is to support the YMT internship, living expenses, training and resources.

William Leech

This fund is to support the YMT Internship, staff training and IT upgrades.

19

YOUTH MINISTRY TRUS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2024

Chapel fund
Grotto fund
Team Training fund
Awards fund
Connectedness 2 - Inreraction fund
Kroch Foundation fund
Significance fund
Porticus
DDC Tree Fund		 Movement in funds – 2023
Balance at
1 September
2022
Incoming
resources
Resources
expendedTransfers
Balance at
31 August
2023
£
£
£
£
£
14,412
-
-
14,412
23,493
40,956
(1,062)
-
63,397
8,350
-
(3,081)
-
5,269
5,730
3,834
(3,208)
-
6,357
-
20,000
(14,939)
-
5,061
1,115
-
-
-
1,115
1,475,021
-
(25,515)
(234,282)
1,215,224
-
155,063
(7,159)
-
147,904
-
4,800
-
-
4,800
1,528,121
224,663
(54,963)
(234,282)
1,463,539

Transfer between funds

The transfer between restricted and unrestricted funds represents capital expenditure in the period funded by the Significance fund.

16 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Capital asset fund
Capital asset fund		 Balance at 1
September
2023
Resources
expensed
Transfers
Balance at
31 March
2024
£
£
£
£
241,383
(230,117)
-
3,266
241,383
(230,117)
-
3,266
Balance at 1
September
2022
Resources
expensed
Transfers
Balance at
31 August
2023
£
£
£
£
10,409
(3,308)
234,282
241,383
10,409
(3,308)
234,282
241,383

20

YOUTH MINISTRY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2024

17 Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
Total Unrestricted
funds
Fund balances at 31
March 2024 are
represented by:
Tangible assets
Current assets/(liabilities)
2024
£
163,309
(158,403)
2024
£
-
1,473,416
2024
£
163,309
1,315,013
2023
£
321,415
(12,393)
4,906
1,473,416
1,478,322 309,022
18 Cash generated from operations

Surplus/(Deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase in creditors
Cash generated from operations		 17 Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
Total Unrestricted
funds
Fund balances at 31
March 2024 are
represented by:
Tangible assets
Current assets/(liabilities)
2024
£
163,309
(158,403)
2024
£
-
1,473,416
2024
£
163,309
1,315,013
2023
£
321,415
(12,393)
4,906
1,473,416
1,478,322 309,022
18 Cash generated from operations

Surplus/(Deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase in creditors
Cash generated from operations		 Restricted
funds
2023
£
-
1,463,539
4,906
1,473,416
1,478,322 309,022		 1,463,539
2024
£
(294,239)
(240)
-
324,705
23,396
156,984
41,295
251,901

21

YOUTH MINISTRY TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 March 2024

19
Analysis of changes in net funds
At 1 September
2023
£
Cash flows
£
At
Cash at bank and in hand
Loans falling due after more than one year
120,928
-
144,804
-
120,928 144,804		 31 March
2024
£
265,732
-
265,732

20 Related party transactions

The Diocese of Hexham and Newcastle is identified as a member of the Trust.

The activities of the Trust are run through properties owned by the Diocese of Hexham and Newcastle. No rent is charged to the Trust for the use of these facilities.

During the year, there was income received from the Diocese of Hexham and Newcastle totalling a £nil (2023: £185,000) in grant funding towards the general running costs.

The Charity also received £nil (2023: £40,000) from Sisters of Mercy Sunderland, where K Matthews also holds a position on the Trustee board.

22

YOUTH MINISTRY TRUST

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 31 MARCH 2024

Prior financial year

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Unrestricted
funds
2023
Notes
£
2
212,929
3
599,831
421,795
81
2,204
Restricted
funds
2023
£
221,044
3,619
-
-
-
Total income
836,840 224,663
Expenditure on:
Raising funds
Charitable activities
5
30,433
6
706,831
-
54,963
Total expenditure
Net incoming resources before transfers
Gross transfers between funds
Net income/(expenditure) for the year/
Net movement in funds
Fund balances at 1 September 2022
Fund balances at 31 August 2023
737,264
99,576
234,282
333,858
(24,836)
309,022
54,963
169,700
(234,282)
(64,582)
1,528,121
1,463,539



23