Charity registration numb•r 11461S8 Company rngistratlon numb•r 07937704 IEngland and Wales) YOUTH MINISTRY TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
YOUTH MINISTRY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrwm Howard Dame M Regan Sr K Matthews Dr S O'Neill Fr M Lyden-smith Ms C Lawrence Mr E M Oonnelly Rev M A Millward Ms E F Standfield sCMCraig (Appointed 1 May 20241 (Appointed 1 May 20241 Sgcrètsry Ms E F Slandfield Charity number 1146158 Company number 07937704 R8glstsred office Emmaug Village Pemberton Road Allensford Consett County Durham England DH8 gBA Auditors Haysmac LLP 10 Queen Street Place London EC4R 1AG
YOUTH MINISTRY TRUST CONTENTS Pagè Trustees, report Auditor's report Slatemenl of financNg1 activities Balance sheet 10 Statement of Cash Ilow Notes lo the financial statements 12-22
YOUTH MINISTRY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial slalements for the year ended 31 March 2025. The financol statements have been prepared in a¢¢ordan¢e with the accounting policies sel out ill note 1 to the financial slalements and compl with the charity's governing document, the Companies Act 20 and "Accounting and Reporting by harilies.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporung Standard applicable in the UK and Republic ol Ireland IFRS 102} leffecbve 1 January 20191 Obleets and activitios The Youth Ministry Trust IYMTI Charity has two Objects The advancement of the Roman Catholic religion particularly for the benefit of young people in the Diocese. or elsewhere, by sueh means as the Trustees think fil, and the provision of charitable support or services Iwhelher in the Diocese or elsewhere) in furtherance ol that object The advancement of the education of the public and especially young people in accordance with the principles and doctrines of the Roman Catholic religion particularly by the provision and support of schools and other educational establishments (in the Diocese and elsewherel and the provision of facilities for the etjucalion of the public and especially young people as the Trustees shall from lime to time think fit", and Such other incidental, ancillary or associated charitsble purposes for the benefit of the public and especially young people as the Trustees from time lo time decide, The principal activity streams which delNer our Obje¢l$ are". 1. Dlrect dellvery of sorvices to young people Residential Relrea15.' Delivered al near full capacity at the Emmaus Youth Village, with most Lfo9rammes lasting 2.5 days. Over 10.000 young people participated in retreats, mission days, or slival events dunng the year. Festival Fortnight.. A 0-week summer celebration for primary and secondary students held in July 2024, welcoming more than 4.000 participants under the theme Fear Less, Ho e More. In the summer of 2024, the Youth Ministry Trust led the Youth Section o the Diccesan Pilgrimage lo Lourde$ for the first time since COVID. A group of 45 young people look part, accompanied by staff and volunteers. For many, it was their first experience of pilgrimage, and by the end of the week they had become genuine witnesses lo their faith, inspiffd and equipp& lo serve as trained leaders lor future pilgrimage5. The pilgrimage was widely regarded as a great success and a moment of renewal for youth participation in the Diocese. In the summer of 2025, the YMT coofdinaled the Youth Section of the Diocesan Pilgrimage, accompanying 55 young people and 15 staff and interns in service lo assisted pilgrims. The Source." A series of cathedral evenings combining prayer, music, reflection, and Eucharistic Adoration, led by Bishop Stephen and supported by YMT interns and volunteers. Flame Conference 2025." Around 900 young peop5e from the Diocese attended Wembley Arena for this national event, joinin Faith in Action Awa over 10,000 participants from across the UK. More than 50 primary schools and 8 secondary schools participated in this natronal award, encouraging young people lo live out faith through serdice and reflection Pope Si John Paul11 Award. A significant achievement this ear, with around 150 young people receiving awards in 2024 and over 160 due lo receive them in 2026. Ihe new online registration system has simplified adminislralion and increased engagement. Confirmation Support." The YMT continues seek new ways to support eatechisls and parishes preparing young people for Confimialion through retreats, leadership formatson, and diocesan reSoUrs. 2. Supporting others who support young people Co-workers.. The YMT continues lo support adults working with young people in schools and parishes, offerin training, mentoring, and formation resources. Youth inislry Collaboration.. Ongoing collaboration with Diocesan education and formation teams ensures alignment with the RE Directory and Prayer and Liturgy guidance. DKicesan Youth Council.. Re-established in 2025, bringing together young representslives from across the Diocese lo provide leadership. peer formation, and practical involvement in diocesan initiatives such as Youth Sunday and parish outreach.
YOUTH MINISTRY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 3. Buildlng cap•¢ity to provlde support for young people Gap Year Formation Programme.. The YMT Internship Programme continues lo form young leaders through a year-long residential experience combining community life, ministry, and accredited formation. Seven interns were appointed in 2024-25, drawn from the UK, Uganda, and the Philippines. Young Educators Retreat. Fomialion opportunities continue for Catholic teachers and leaders. enabling them lo reflect, renew, and build confidence in sharing faith with young people. Training and Formation." Interns and volunteers received safeguardin first aid, mental health awareness, autism awareness, and ministry training through partnefs ips with Clennell Education Solutions and the Diocese of Hexham and Newcastle. Public benefit The Trustees confirm that they have referred to the guidance conlained in the Charity Commission's general guidance on public benefit when VIewIng the Trusvs aims and objectives and in planning future activitS and setting the grant making policy for the year. Uso of volunteers The Youth Ministry Trust is supported by a dedicated team of young adult volunteers. many of whom commit to a residential year of community life and ministry al the Emmaus Youth Village. During the year, seven intems lived and worked full-lime with YMT. recruited both locally and nternationalty. They supported retreats, parish missions. festivals, and dio¢e5an events. AlongsKle them, five adult volunteers ¢onlribuled to music, liturgy, hospitality, and administration, providing valuable leadership and experience. All volunteers are trained in safeguarding and work under the supeNision of the Chief Executive, who was appointed to this role in May 2025, and with support from the Diocesan Safeguarding Team. Their witness. faith. and energy are essential to the YMT'S mission of evangelisation and service. Achlevements and performance The period has been one of strong growth, renewed ¢ollalx*ration with the DK)cese, and continued recovery in ministy engagement following the pandemic. Over the course of the year, more than 10.000 young people participated in YMT led retreats, festivals, missions, and events. The summer 2024 Festival Fortnight drew over 4,000 pupils from schools across the Diocese, with lrturgies and workshops focused on hope, discipleship, and joyfijl faith. Louides Pilgrimage. In the summer of 2024, the Youth Ministry Trust led the Youth Section of the Diocesan Pilgrimage lo Lourdes for the first lime since COVID. A group of 45 young people took part, accompanied by staff and volunteers. For many, it was their first experience of pilgrimage, and by the end of the week they had become genuine witnesses to their faith, inspired and equipped lo serve as trained leaders for future pilgrimages. The pilgrimage was Wety regarded as a great success and a moment of renewal for youth participation in the Oiocese. The Lourdes 2025 Pilgrimage was also a major success, wrth 55 young pilgrims serving assi$led pilgrims and representing the Diocese with faith and maturity. In March 2025, nearly 900 young people travelled lo Wembley Arena for the Fla Conference, a visible sign of unity and evangelisation among the young Church. Through the Faith in Action and John Paul11 Awards, more than 300 young people have been formally recognised for their commitment to living out the Gospel in their schools and parishes.
YOUTH MINISTRY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The internship programme continues lo flourish. offering formation and experience in ministry, community living, and leadership The presence of international interns continues to enrich the life of the DI0Se and widen the YMT'S global connections. The YMT'S commitment lo safeguarding and pastoral care has deepened through engaging with Clennell Education Solutions and the Diocesall Safeguarding Team, embedding good practice and training across the organisation. Operationally, the YMT has strengthened it5 engagement with the Diocesan HR and Finan Teams, harmonising conlracls, and complian¢e systems. The introduction of Breathe HR and Xero Accounting will enhanced governance and transparency. The YMT continues lo be a vital part of the DIese.5 evangelising mission, helping young people encounter Christ. discover their vocation, and take their place in the life of the Church. The reftjrbishrnenl and sile development plans for the Emmaus Youth Village are progressing well. The business cases have been agreed by the YMT Board for consideration by the Diocesan Trustees and relevant GQTnmillee5. These plans Include Improvements to accommodation, furnishings, lighting, and accessibility across the site. The major auditorsum and car park project is also advancing through Ihe Diocesan approval and procurement stages. On¢e approved, implementation will begin in phases lo ensure minimal disruption lo retreat delivery. These developments will significantly enhance the visitor experience and ensure the long-lemi sustainability of the Youth Village as a diocesan centre for mi$$ion and formation. Finan¢i41 review The Trustees continue to work towards slabilising the Charity's financial position and achieving a retained surplus on unreslricled reserves. The previoLJS period, which covered only seven months due to the transits.on lo a new financial year*nd, showed encouraging signs of recovery, supported by increased Charitable activities and grant fvnding. This positive directson has continued into the current reporting period, which reflects a full financial year from 1 April to 31 March. Total income for the year was £1,049,088. Income from charitable activitS remained strong, particularty from school bookings and residential relreals. A grant of £223,000 from the Diocese of Hexham and Newcastle IDHN provided a significant contribution lo the Charity's financial posilKJn. However. inflation continues to present challenges, particular in felalion to rislng costs of ulililies. foodstuffs. and staffing. Recruitment and pay pressures remain ongoin9 concerns. Expenditure lotalling £1,093,063 has also been incurred in relation to the proposed new build project. Plans were submitted to the local authority and planning permission was granted in early 2024, marking a key milestone in the Charity's development strategy. Going concern The Trustee$ have performed an assessment of the Trust's ability lo conts'nue as a goin to forecasts and working capital requirements for a period 0112 months from the dale o concern, by reference approval of these financial statement$. The Tfustees are satisfied that the going concern basis ol preparation for these financial statements is appropriate. R8sgrves policy The trust as a nol-for-proffl organisalion has not created lo dale, 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 continue lo work towards creating free reserves The Iruslees hope lo align themselves with DHN polices and want lo increase their free reserves lo cover a reasonable period of trading. Prin¢ipal funding sources The principal sources of funding for the Trust are donations from the Diocese and the general public. income from fundraising activities. ineorne parishes to deliver the objectives o eneraled from overnight accommodation and going out into schools and the Trust.
YOUTH MINISTRY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Risk management The Trust has adopted a risk management strategy evidenced through the development of a Risk Register which is reviewed al meetings of the Finance Committee as well as al the Board. Risks are cate9orised in one of seven areas. strategic. operational, reputational. financial, physical, people, and regulatory. Risk Appelile is the term used lo determine the amount of risk that is appropfiate for the Trust. Risks are considered on an individual basis usin9 a risk model to delefmine the Impact and likelihood of a potential risk and the appropriate response lo the outcome of measuring each risk. Flnancial risk management pollcy The Trust's principal financial instruments comprise cash and cash equivalents. Other financial a55ets and liabilities. such as trade creditors and trade debtors, arise directly from the Trust's operating aclivib'es. The main risks a$so¢ialed with the Trust's financial assets and liabilities are Sel out below. The Trust does not undertake any hedging activity and any Signffjant financial risks are addressed on a case-by-case basis. Inlerest rate rlsk The Trust invests surplus cash in floating rale 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 COnser there to be any significant exposure. The Trusl has no bank borrowings. Price risk There is n0 significant exposure to changes in the carrying value of financial liabilitw. Credlt rlsk The Trust's policy is aimed at minifflising su¢h losses. Individual exposures and overdue debts are monitored wrth customers lo ensure that the Trust's exposure lo bad debts is not significant. Llquldlty risk The Trust aims lo mitigate liquidity risk by managing cash generated by its operations. Flexibility is maintained by retaining surplus cash in readily accessible bank deposrt accounts. Limits on spending authority are in place. Foreign currency risk There are minimal transactions In foreign currency. As a result, no hedging activty is undertaken lo mitigate this fisk. Investment poli¢y The Trust ensures that any investment strategy it adopts dces not pul al adverse risk any of the assets rt 1$ respon$ibk for Funds are placed on deposit al the highest possible interest rates, consislenl with cash flow requirements. Plans for future perlods Following the appointment of Bishop Stephen as the Bishop of Hexham and NewGa5tle. the YMT is now on sure fooling as the youth ministy 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 lo enable the YMT expand ils outreach and increase its impact.
YOUTH MINISTRY TRUST TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Strueture, governance and rnanaggrnont Governing document The Trust ig a charitable company limited by guarantee and wa5 incorporated on 6 February 2012.11 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 W M Howard Dame M Regan Sr K Matthews Dr S O'Neill Reverend M Lyden-smith Ms C Lawrence Mr E M Donnelly Rev M A Millward Ms E F Standfield (Appointed 1 May 20241 Ms C M Craig (Appointed 1 May 20241 Recruitm8nt and appointment of new Trustges From time lo lime Il is necessary for the Trust lo iecrurt new Trustees to repL3ce those that have either resigned during their term of office, or by way of anticipating planned reliremenls after the completion of either a single term of three years. or a period of six years, being terms of three years. Trustees may, al the discretion of the Chair of the YMT Board and in agreement with the Diocesan Bishop, have their term of office extended. When a vacancy occurs, the Board will determine the mix of skills and experience needed so as lo ensure a fvlly functionin what we team of Trustees and will seek lo identify individuals who appear lo have the qualities and interest in o. Although not stridy a public appointment, when setting out the essential requirements of potential Trustees, the Trust choose5 to make known that il 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 Boafd, a proposed applicant i8 recommended lo the Bishop for appoinlmenl. Organi$ational structuro The YMT is a registered Charity and a Cornpany Limited by Guarantee. The Dio¢ese of Hexham and Newcastle is the defi'ned Member under the Articles of Association The 8ishop 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 lo include al least members who are also DiieelorslTrustees of the Diocese of Hexham and Newcastle (registered company co. no. 7732977, regislefed charity no.11434501, and meetings a only quorale when al least one of those Board members is present. The role of the Board is summarised as being responsible for managing the resources, regulation, risk. rèputation and resilEnce of the charity. Trustees ale appointed for a three-year term with new Truslee5 being identified for consideration by the Bishop either when a vacancy arises or when a need for additional skills is idenb'fied. Trustees are appointed for a Ihree-year lem The ¢ornpos"rtion of the Board is such that il includes representslives of key stskeholders 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 whh are then delivered through the Chief Executive Offi.r who attend5 Board meetings. Trustees have developed and Implemented a governance structure using Board Committees in the areas of HR, Finance and Property. A Business Plan and Budget Is prepared for review and approval by the YMT Board and the Chief Executive Officer prepares a paper for quarterly meetings of the Board of DI0Se of Hexham and Newcastle.
YOUTH MINISTRY TRUST TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Inductlon 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 ba515 05 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 for the Chief Executive Officer undertaken by the Chairman. Trustees of the YMT will receive bolh general and safeguarding training in Detsmber 2025. Statement of Tru$tg0¥' responsibilities The Trustees. who are also the Directors of Youth Ministry Tnjsl for the purpose of company law, a responsible for preparing the TTUStee5' Report and the hnancial 5talemenls in accordanee with applicable law and United Kingdom Accounting Standards {Unrted 'ngdorn Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial slalements for each financial year which give a true and fair view of the slate ol affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charrtable company for that year. In preparing these financial slalemenls. the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., - make judgements and estimates that are reasonable and prudent. and prepare the financial statements on the going concern basis unless Il 1$ inappropriate to presume that the charity will continue in operation. The Trustees are responsibk for keeping adequate accounting re¢ord$ that disclose with reasonable ac¢ur8¢y 8t any time the financial posrtion 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. In so far as the Truslees are aware.. There is no relevant audit information of which the Charitable Company's auditors are unaware,. and The Trustees have tsken all steps that they ought lo have taken lo make themselves aware of any relevant audit information and to establish that the auditors are aware of that information Small companle8 note In preparing this report, the directors have taken advantage of the Small companies exemptions provided by section 415A of the Companies Act 2006. The Trustees, Report was approved by the Board of Trustee5. Ms E F Standfield Truste 0411212025
YOUTH MINISTRY TRUST INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE YOUTH MINISTRY TRUST Opinion We have audited the financial statements ol the Youth Ministry Trust lor the year ended 31 March 2025 which compiise the Statement of FinanGial Activities, the Balance Sheet, the Cash Flow Sialemenl, and notes lo the financial Slalements, including a summary of signifi'cant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Repoth'ng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial slalemenls.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of the charitable company's net movement in funds, including the income and expenditure, for the year then ended, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance wrth the requirements of the Companies Act 20(. Basls for oplnlon We conducted our audit in accordan wrth International Standards on Auditing IUKI IISAS IUK}l and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements section of our report. We are Independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial slalements in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other elhieal responsibilrties in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial stalemenls, we have concluded that the trustees, use ol the going concern basis of accounting in the preparation of the financial Statements is appropriate. Based on the work we have performed, we have not identified any material uncert8inlie$ relats'ng lo events or conditions that. individually or collectively, may cast significant doubl on the group's abilty lo continue as a going concem for a period of at least e1ve months from when the financial slaternents are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Other Information The Iruslees are responsible for the other inforrnalion. The other information comprises the Information included in the Trustees, Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explieilly slated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial slalements, our responsibility is to read the other information and, in doing so, consider whether the other information is materialty in¢onsistent with the financial statements or oui knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstalemen15. we are required lo determine whether there is a material misslalemenl in the financial slalements or a material misslalemenl of the other information. If, based on the work we have performed, we conclude that there is a material misslalement of this other information, we are required to report that fact. We have nothing lo report in this regard.
YOUTH MINISTRY TRUST INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE YOUTH MINISTRY TRUST (continued Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Annual Report (which includes the directOfS' report prepared fof the purpose5 of company lawl for the financial year for which the financial statements are prepared is consislenl with the financial 51alements,' and the directors, report included within the Trustees. Annual Report have been prepared in accordance with applicable legal requirements. Mattern on whlch we are requlred to report by exeeption In the light of the knowledge and understanding of the charitable company and its environment obtsined in the ourse of the audit, we have not identified material mi55talemenls in the Trustees, Annual Report Iwhich incorporates the directors. report). We have nothing to report in respect of the following matters in relatn to whh the Companles Act 20C6 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Iruslees, remuneration specified by law are not made," or we have not received all the information and explanations we require for our audit.. Of the trustees were not entiUe¢ lo prepare the financial statements In accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the Directors, Report and from the requirement to prepa a Strategic Report. Responslblllties of trustees for the flnanclal statements As explained more fully in the Iruslee5' responsibilities 51atemenl sel out on page 8, the trustees {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and lor such inlemal control as the trustees delefmine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Iruslees are Tesponsible for a5se5sing the parent charitable company's ability lo continue as a going concem. disclosing, as applicable. matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the parent charitable company or lo cease operations. or have no realists'c alternative bul lo do 50. Audltor's responslbllltles for the audlt ol the flnanclal statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wrth ISAS IUKI will always delect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic dlS1on5 of users taken on the basis of these financial slalements. Ifregularilies, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibililres, outlined above, to detect material misstatements in respect of irregularitses, including fraud. The extent to which our procedures are capable of delecling irregularilie5, including fraud is detsiled below.. Based on our understanding of the and the environment in which it operates, we identified that the principal risk5 of non-compliance with laws and regulations related lo Cannon Law, GDPR and Health and Safety regulation, and we considered the extent to which non-compliance might have a material effect on the financial stalemenls. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as indude the Companies Act 2006 and the Charities Act 2011, and consider other factors su¢h as payroll lax. io
YOUTH MINISTRY TRUST INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE YOUTH MINISTRY TRUST (continued We evaluated management's incentives and opportunities lor fraudulent manipulation of the financial slalements (including the risk of override of conlrolsl, and determined that the principal risks were related lo estimation uncertainty and manual accounting joumals. Audit procedures perfomied by the engagement team included.. Inspecting correspondence with regulators and lax authorities", Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud, Evaluating management's contro15 designed lo prevent and delecl irregularities., Identifying and lesbng journa15, in particular journal entries posted with unusual account cornbinalions, postings by unusual users or with unusual descriptions, and Challenging assumptions and judgements made by management In their critical accounting eslimales. Because of the inherent limitations of an audit. there is a risk that we will not delecl all irregularities, including those leading lo a material misstatèment in the financial statements or non-compliance with regulation This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stslemenls, as we will be less likely lo become aware of in51an¢es of non-complian. The risk is also greater regarding irregularities occurring due lo fraud rather than error. as fraud involves intentional cOnalMent, forgery, collusion, omission or misrepresentation. A further descllption of our responsibilitie5 for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or .ukJaudilorsres onsibililies. This description forms part of our auditorfs report. Use of our roport This report is made solely lo the charitable company's members, as a body, in acrdanCe with Chapter 3 of Part 16 of the Cornpanies Act 2008. Our audit work has been undertaken so that we might slatè lo the ¢haritable company's members those matters we are required to stale lo them in an Audilorfs report and for no other purpose. To the fvllesl 8xlenl pemiitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members, as a b¢xly, for our audit work. for this report, or for the opinions we have formed. Adam Halsey Isenior Slatulory Audilorl For and on behalf of Haysmac LLP, Slatulory Auditor 10 Queen Street Place London EC4R 1AG Date. 2311212025
YOUTH MINISTRY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Funds 2025 Restrictsd Funds 2025 Total Total 2025 2024 N¢t¢$ Incorne from". Donations and legacies Charitable activities Other trading activities InvÈstrnents 250,782 694,866 17,075 471 73,734 12,180 324,516 707,026 17,075 471 89,283 312,469 10.183 240 Total Income 963.194 85.894 1.049,088 412.175 nditure on: Raising funds Charitable activities 20,041 761,757 20,041 1,073.022 10,038 696.376 311,265 Total Expenditurp 781.798 311,265 1,093.063 7LK,414 Not incomel(•xp•nditur•l lOre transfors 181,396 225,371 43.975 Transfers between funds 25,556 125,5561 Ngt movement in funds 2(6 952 250.927 43.975 294.239 Fund balance$ al 1 April 2024 4.9C6 1.473.416 1.478,322 1,772,561 Fund balanc at 31 March 2025 211.858 1.222.489 1.434,347 1,478,322 The ststement of financial activibes includes all gains and losses recognised in the year. All income and expenditure derive from continuing acliv¢lies. The statement of financial aclivrties also complies with the requirements for an income and expenditure account under the Companies Act 2006. 12
YOUTH MINISTRY TRUST BALANCE SHEET AS AT31 MARCH 2025 Notes 2025 2024 Fixed assets Tangible assels 10 147,e07 163,309 Current assets Debtor5 Cash al bank and in hand 1,337.882 230.076 1,567,958 1,330,290 266,732 1.596.022 Creditors.. amounts falling due wlthln one year 12 281,218 281,009 Not current assets 1.286.740 1,315,013 Total *ss•ts les$ ¢urrent liabilities 1,434,347 1.478.322 CTedltors'. amounts falliny du8 aft•r more than one y•af Net assets 1.434.347 1478.322 In¢ome funds R¢slii¢led lunds Unrèstricted fund8 Designated fund$ General unrestricted funds 13 1,222,489 1,473.416 14 3,266 208,592 3,266 1,640 211,858 1,434.347 1,478,322 The financial stalernenls were approved by Ihe Tru51ees on 41h December 2025 Ms E F G Standfield Trustee Company registration numb•r 07937704
YOUTH MINISTRY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notr$ Cash flows from operatlng acilvltles Cash geneTated from operations 18 120,6671 251,901 Investing activitie$ Purchasé of tangib18 fixed assets Proce¢ds from disposal of tarrfJibl¢ fLKed a$$&t$ Investment income received 115,4601 1107,3371 471 240 Net ¢a$h used ITr investing activities 114.9891 1107.0971 Financing activities Repayment of borrowings Net cash used in financing activities Net in¢rea58 in cash and rash equivalen¢s 35.656 Cash and cash equlval8nts at b•glnnlng ol year 265,732 120,928 Cash and cash •qulval•nis at end of year 230,076 265.732 14
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting polici•s Charity Infomiation Youth Ministry Trust Is a privaltt company limited by guarantee incorporated in England and Wales The registered office is Emmaus Village, Pemberton Road, Allensford. Consett. County Durham, DH8 98A, England. 1.1 Accounting convention Youth Ministry Trust meets the definition of a publie benefit entity entry under FRS 102 Assets and liabilities are initially recognise¢ al historical cost or transaction value unless otherwise stated in the relevant ac¢ountsng policy notelsl. The financial slalements are prepared in sterling, which is the fundional currency of the charity. Monetary amounts in these financial slalements are rounded lo the nearest £. The company has applied the followng accounting policies.. 1.2 Golng concern The financial slalements have been prepared On a going concern basis followng the guarantee of coniinLted rinan¢ial support from Diocese of Hexham and Newcastle. The Tru51ees have considered a period 0112 months from the balance sheet date and consider no fijrther disclosures relating lo the chaThty's ability to continue as going concem need lo be made. 1.3 Charitable funds Unrestricted funds are available for use al the discreb'on of the Iruslees in fvrtheran¢e of their Charitsble objectives. Restricted funds are subject to specifi¢ ¢ondilion$ by donor5 a5 to how they fnay be used. The purposes and uses of the restricted funds are sel out in the notes to the financial ststements. 1 A Incom• All incoming sourceS are included in the Statement of Financial Activities ISOFAI when the charity is enlilled to the income and the amount can be quantified wth reasonable accuracy. The following specific policies a applied to parb'¢ular categories of Income.. Voluntary income received by way of grants, donations and gifts is Included in full In the Ststemenl of Financial Activities when receivable. Grants. where entitlement is not conditional on the delivery of a specific performance by the Charity. afe cOgnised when the charity becornes unconditionally entitled lo the grant Incoming resources from granls, where related lo performance and specific deliverables, are accounted for a5 the charity earns the right lo consideration by its performance. 1.$ Expendlture All expenditure is accounted for on an a¢¢ruals basis and has been classified under headings that aggregate all costs related to the category. Vvhere costs cannot be directly altribuled to particular heading5 they have been allocated lo 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 il relates". Costs of generating funds comprise the costs a$$¢cialed with attra¢ling voluntsry income. Charltable expenditure comprises those cosis incurred by the ¢harily in the delivery (>f ils activities and services for ils beneficiaries 11 includes both Costs that can be allocated directly to such activities and those ¢osts of an indirect natu necessary to 5UPPOrt them.
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Accounting polieies Iconiinuedl 1.6 Tangible fixod assets Tangible fixed assets are initially measured at cost and subsequenlly measured al cost or valuation. nel of depreciation and any impaiment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following base$.' Leasehold improvements Fixtures and fittings Computers 4% 10 25% $traighl line 20°k lo 25% straight line 10% to 33% straight line The gain or loss arising on the disposal of an asset is determined as the differènce beeen the gale proceeds and the carrying value of the asset and is recognised in the Slalement of financial aclivilles. 1.7 Impairnient of fixod assets Fixed assets are reviewed for impairment if events or changes In circumstances indicate that the carrying amount of su¢h assets may not be Coverable. If there is an indicatson of pgssible impairment, the recoverable amount of any affected asset is estimated and compared against ils carying amount. Where the eslirnaled recoverable amount is lower, an impaimenl loss is recognised immediately in profit and loss. 1.8 Stocks Sto¢ks are slated al the lowerot cost and estimated selling pn¢e less ¢o$ts lo complete and sell. Cost comprise$ di¢1 materials and. bvhere applicable, direct labour costs and those overheads that have been incurred in bringing the slo¢ks to their present locatson and condition. Items held for distribution al 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 c031s to be in¢urred in markeling, sellin9 and distribution. 1.9 Cash and ¢a$h equivalents Cash and cash equivalents include cash in hand, depo$ils held at call with banks, other short-term liquid investments with original malufilies of the month$ or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Taxatlon As a charity, the Company is exernpl from lax on in¢ome and gains to the extent that these ère applied to its charitable objects. No lax charges have arisen in the charity. 1.11 Rotir•m&nt benefits Payments to defined contribution retirement benefil 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 al the amount prepaid after taking account of any trade discounis due. Creditors and provision$ are recognised where the charity has a present obligation resulting from a past evenl that will probably result in the Iransler of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomally recognised at their settlement amount after allowing for any trade discounts due. 16
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donation$ and legacie5 Unr•strlctsd Restrlcted funds funds Total Unrestricted funds Restricted Total funds 2025 2025 2025 2024 2024 2024 Donations and gifts Grants 27,835 222,947 7.349 66.385 35,184 289.332 27,788 1,995 59,500 29,783 59,500 250,782 73,734 324,516 27,788 81,495 89,283 Donations and glfts Donation5 Youth Sunday Jpll donations Pope John Paul11 AY4ards Awards Fund Faith in Action 8.183 18.242 1.410 1,716 9,899 18,242 1,410 1,155 330 4,148 20,420 20,420 330 4,148 Other 7,368 1,995 9,363 27.835 7,349 35,184 27,786 1.995 29,783 Grants rèceived for core activitios Society of Sacred Heart of Jesus Diocese of Hexham and Newcastle Durham County Council William Leech Foundation Porticus Genesis Significance RE Minibus Grants lassumptionl 3,000 3,000 222.947 222,947 2,600 20.000 2,600 20,000 20,000 500 20,000 500 10.785 30.000 66.385 10,785 30,000 289.332 39,000 59,500 39,000 59,500 222,947
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activltles School Room hlro and accommodatlon other Incorne Other 1•5tiv•ls ToL*I Total 2025 2025 2026 2025 2024 Retreat InMe 410,194 116,202 180,630 707,026 312.469 Analysis by fvnd Unrestricted funds Restricted funds 410,194 116,202 168,470 12,160 694.866 12.160 311,845 624 410.194 116,202 180,630 707,026 312,469 Othor trading activiti•s Unrestricted Unre8tricted funds funds 2025 2024 Bar and shop income 17.075 10.183 Raising funds Unrestricted Unrnstrlctsd fund$ funds 2025 2024 Costs of raising funds Other fundraising costs 20,041 10,038 Fundraising and publicily 20.041 10.038 20.041 10,038 18
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Charitable activities 2025 Charltable activltl8S 2024 Staff costs Retreat expenses Festival and event 8xpense$ Shop and bar purchase Gap year expgn$e5 381,587 100.938 219,520 9,844 54.693 766,582 198,743 69.918 6,826 27.599 303.086 Share ol support costs (see rEOte 71 306.440 393.2 1073.022 696.376 Analysis by fund Unrestricted funds Restricted funds 761,757 311,264 644.758 51,618 1.073.022 696,376 Support costs Support Cojts 2025 Support Co$ts 2025 Depreciation Management and administfalion Premises and office costs Governance costs- audit fees Consultancy and professional fees 31,160 35.628 222,771 8.863 8,018 306,440 265.442 17.087 ,925 2,037 11,799 393.290 Tru$t¢os None ol the tNstees {or any persons connected with thernl received any remuneration or benefits from the ¢harily during Ihe year.
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employ8es The average monthty number of employees during the year was". 2025 2024 Admini$lrativè stsff 16 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 356,155 20.444 16,789 181,002 15,662 10,017 393,388 206,681 During the year, the amount paid lo key management totalled £39,375 {2024.. £54,922). There were no employees whose annual remuneration was more than £60,000. 10 Tangible fixed assets L•a$•hdd Flxturn$ and ComputsrB improvements fitting$ Asset under Total Constructiorb Co$t Al 1 April 2024 Addllions DisposaLq 31,559 857 122,416 5.989 96,434 7.420 250.409 15,460 1.194 Al 31 March 2025 1.194 32.416 128,405 103,854 265.869 Dèpre¢latlon and Impalmient Al 1 April 2024 Depreciation charge in the year Depreclation on disposal 26,495 2,095 60,605 29.017 87,100 31.162 50 Al 31 March 2025 28,590 89,622 118,262 Balance at 31 March 2025 3,826 103,854 147,607 Balance at 31 March 2024 S,064 61,811 96,434 163,309 20
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 11 Dèbtors 2025 2024 Amounts falllng du• wilhin one yèar.. Trade debtors Prepayments and accrued income Other debtor 72,748 1,265,134 64.621 1,261,875 3,794 1,337,882 1,330.290 Included within deb1015 due within one year is an amount of £1,244,83312024.' £1,224.8331 owed in relation lo accrued income. The income is expected lo be provided within 12 months of the balance sheet date. 12 Creditors- amount5 falling due withln ono year 2025 2024 Other taxation and social security Tiade creditors Oth&r ¢reditors Accruals and deferred income 5,040 223,720 6,305 15,456 52.458 259.248 281,218 281,009 Included in accnjed expenses is deferred ineome lolalling £223,700 12024.. É259,2481 which represents incoming resources for whi¢h the related 3ervice5 have yet lo be provided. The services are expected to be provided Mthin 12 months of the balance sheet date.
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Restricied funds The income funds of the charity indude reslricted funds compNsiny the following unexpended bakinces of donations and grants held on trust for specific purposes.. Movgment In funds 8alanc• at 1 April 2024 Balance at 31 March 2025 Incomlng R•sourc8s resouic•s •xpondgd Tran$ler$ Chapel fund Grotto fund Team Training fund Awards fund Genesis TTu$I Connectedness 2.Interaction fund Kroch Foundation fund significance fund Significance fund - Minibus Porticus Sacred Hearts DDC Tree Fund Assumption Legacy Lourdes Pilgrimage William Leech 14,412 59,092 4,484 6,221 soo 5,061 1,115 1,208,703 {14.4121 11,770 11.008) 16,1311 1500) 57,322 3,476 619 5,633 15,1041 15,0611 1,716 10,785 {230,6611 17,4061 {2,5971 11,5931 11.9211 143,0911 979,758 3,379 144.280 1.407 1281) 2.844 12.160 16.410 1.222,489 146,877 3,000 2,600 30,000 12.160 20,000 85.894 19601 13,145 2.790 14,766 1,473,416 14,587 1311.2651 3.769 25.556 Chapol lund This fund represents donations re¢eived lo fvnd the build and repairs of the chapel Grotto fund This fund represenls donations received lo fvnd the build of the new grotto. Team training fund This fund represent$ donations received for providing team training which had not been possible during lo the panderni¢. Awards fund This fund represents donations received for the Pope John Paul11 awards. Connactsdnos$ 2 . Intgractlon fvnd This fund repre$ents monies received from The William Leech Foundation for the support of Ihe'connectedness 2" project. Koch Foundatlon fund Thi5 fund represent5 monies received from The Koch Foundaknon for the Yo support a Youth Mini$ty' project. Significance fund This fund represents monies CeiVed from the Significance Trust to contribute to modernising and developing the facilities at the Emmaus Youth Village. Portl¢US This represen15 a grant 10 5LlPPOrt an audit of safeguarding with the eharty as well as funding of salary for safeguarding post. DCC Tr•0 FurKI This 15 a grant lo plant trees on the site as Durham County Council's woodland revival project. Assumpt•on L•gacy This lund is lo support the YhlT internship, living expenses, trainin9 and resources. Wllllam L¢•¢h This nd is 10 5LlPPOrt YMT internship, staff training and IT upgrades 22
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED .11 MARfH ?n?5 13 R8stri¢tsd fvnds IContinu8dl Tran$fer bofyveen lund$ The transfer between restri¢led and unrestricted funds represents capital eKpenditure In the year funded by the Significance Fund. 14 Deslgnated funds The income funds of the chaiity include the followng designated funds which have been sel aside out of unrestricted funds by the trustee5 for specific purposes.. 8alan¢e at 1 April 2024 Resources exponded Transfers 8alance at 31 March 2026 Capital a5sel fund 3.266 3,266 3.266 3,266 15 Analysis of net a$$ets b•h¥een funds Unr8strl¢ted Restricted funds funds Total Unr•strictod Re$lri¢tsd funds funds Total 2025 2025 202S 2024 2024 2024 Fund balances al 31 March 2025 are represented by.. Tangible asset$ Current asselsllliabililiesl Long lemi liabilities 147,607 64,251 147,607 1,222.489 1,286,740 163,309 163,309 1158,4031 1,473,416 1,315,013 211,858 1.222,489 1.434,347 4.906 1,473,416 1,478,322 16 Cash generated from operatlon• 202S 2024 Surplus Idefi¢itl for the year Adjuste¢J for". Investment income Depreciation Decrease in stocks Ilncreaselldecrease in debtors Incr&a$e in creditois {43,9751 1294,2391 14711 31,160 12401 324.705 23,396 156,984 41.295 14,3331 38,286 Cash generated for operations 20,667 251,901
YOUTH MINISTRY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Analy$l$ of ¢hange$ In n&t funds At 1 Aprll 2024 Cash Flow At 31 March 2025 C•sh at bank and in hand 265.732 135,8561 230,076 18 Related party transactions The Dlocese of Hexham and Newca$de is identified as a member of the Trust. The adivibes of the Trust are run through properties owned by the Diocese of Hexham and Newcastle. No rent is charged lo the Trust lor the use of these facilities. During the year, there was income received from the Diocese of Hexham and Newcastle totalling a £223,000 12024.. £185.0001 in grant fundlng towards the general running costs. 24
YOUTH MINISTRY TRUST STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial year Unrestrlctsd R•stricted lunds fund8 2024 2024 Totsl 2024 In¢ome and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other income 27,788 312,469 10.183 240 61.495 89,283 312,469 10,183 240 Totsl income 350,680 61,495 412,175 Ex endituro on: Raising funds 10,038 10,038 Charitable activities 644,758 51,618 696,376 Total 0xnditU 654,796 51,618 706,414 Net1oxpondltur9lllncomg bofor• tranglers {304,1161 9,877 1294,2391 Gross transfers betren funds Not Incom•ll•xndIturgl for the yoarl Nat mov•ment In fund$ {304, 1161 9,877 {294,239) 1,772,561 309 022 Fynd balances at 1 September 2023 1473416 1,478,322 Fund balan¢e$ •t 31 March 2024