**Registered number: 09310285 Charity number: 1165548**
# **YOUTH WITH A MISSION THE KING’S LODGE (A company limited by guarantee)**
# **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2024**
**YOUTH WITH A MISSION THE KING’S LODGE (A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY AND ITS TRUSTEES**
## **Trustees**
Philip Leage (Chair) Eileen Jackson Victoria Bolton Kiwon Kwon David Fawcett Taryn Cooper Rebecca Mancini Benjamin Foster Anne Sloan
## **Company Registered Number**
09310285
## **Charity Registered Number**
1165548
## **Registered Office**
The King’s Lodge Watling Street Nuneaton Warwickshire CV10 0TZ
1
**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **TRUSTEES REPORT**
## **FOR THE YEAR ENDED 31[ST] AUGUST 2024**
The Trustees present their annual report together with the financial statements of Youth With A Mission The King’s Lodge for the year ended 31[st] August 2024.
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013 is not required.
## **Structure, Governance & Management**
The company was established under a Memorandum of Association which sets out the objects and powers of the charitable company. It is governed under its Article of Association dated 22[nd] September 2014.
The governing body of the charity is the Board of Trustees. The trustees are also directors for the purpose of the Companies Act.
## **Membership**
The charity is constituted of a Membership which is open to any individual committed to promoting its objects and who is:
- Nominated by two current members of the charity and applies to the charity in the form required by the Trustees;
- Is aged 16 or over;
- Is approved by a vote of at least 66% of the current Members voting in person or by proxy at an AGM;
- Signs the Register of Members and subscribes without reservation to the Statement of Faith as set out herein and signs a document agreeing to YWAM’s Foundational Values.
## **Trustee selection methods**
The Trustees have control of the Charity and its property and funds. Each of the Trustees must be a Member and sign a Declaration of Willingness to act as a Charity Trustee. A Trustee should retire after serving for three years but shall serve a maximum of four consecutive terms of three years. Every issue may be determined by a simple majority of the votes cast at a meeting or by a written Resolution signed by all the Trustees.
## **Objectives & Activities**
## **Purpose**
Our purpose is the advancement of the Evangelical Christian Faith worldwide, and the promotion of religious harmony for the benefit of the public by promoting knowledge and mutual understanding and respect of the beliefs and practices of different religious faiths as the trustees should determine.
2
**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **TRUSTEES REPORT (Continued)**
## **FOR THE YEAR ENDED 31[ST] AUGUST 2024**
## **Main activities**
- Being a discipling community committed to hold to the teachings of Jesus Christ.
- Providing training that promotes growth in Godly character, skills and knowledge, resulting in the application of biblical truth and servant-hearted ministry.
- Taking opportunities to proclaim the Gospel of Jesus through lifestyle and events.
- Demonstrating God's love through mercy ministries.
- Building life-giving relationships with parents, families and the wider body of Christ.
- Helping children and young people discover their God-given destiny and potential in partnership with the local church.
- Multiplying schools and ministries through strategic pioneering initiatives.
## **Achievements & Performance**
The Charity is dependent on the services of unpaid volunteers for which we are greatly indebted and wish to thank them for their commitment and support. It was the King’s Lodge 40[th] birthday this year and we had a wonderful time celebrating with so many people at our birthday party in June.
Achievements during the year include:
**Volunteer training and support** – The ways we have created opportunity for the growth and development of our volunteers is through weekly team meetings, personal ‘one on one’ mentoring, ongoing personnel reviews and exit interviews/debriefing times. We also provide access to national and international training opportunities for the ongoing development for our volunteers.
**Education** – we are committed to running high quality training. We provide training that promotes growth in Godly character, skills and knowledge, resulting in the application of biblical truth and servant-hearted ministry. We provide life skills training, personal growth and development, Biblical studies instruction, cross cultural experiences, child and youth worker training, and other everyday life areas such as fire prevention, food hygiene, finances, first aid, and safeguarding. The King’s Lodge is the administration centre of Youth with a Mission’s University of the Nations international extension studies training platform. We are also the administrative home for a growing number of Online Biblical Studies courses.
In January 2024 we ran DTS with 6 trainees from many different nations (4). We also launched a Chronological Bible Core Course (CBCC) with 7 trainees, some of the students will join the school leader on a teaching trip to Uganda where they will put into practice what they have learned.
**Engaging with young people** – We are committed to the provision of safe environments for children and young people to grow in their understanding of God. We run a weekly youth club for local children. We are engaging with around 12 local primary schools hosting school assemblies, RE lessons and after school clubs. We are also helping to run two Student Lounges in two locations. In the summer of 2024 we hosted, for the second time, a youth worship weekend called Deluge for equipping and mobilising young people into mission. Almost 200 young people came over the weekend. We also sent two teams to France for the Olympic Outreach for a total of three weeks – one King’s Kids International (KKi) team of families and youth and another staff team who joined with YWAM Paris Connect to reach people with evangelism, arts, worship and many other expressions of outreach. In July we sent a small team of The King’s Lodge to The Send in London as stewards. Over 5,000 young people came to this event.
**Engaging with other faiths & the wider community** – we are committed to continuing and growing the scope of courses and seminars that we offer, especially within our Muslim and Youth Ministries, creating a greater understanding between different cultures. We continue to be directly involved in with Saints, a community regeneration project in the heart of Nuneaton. This project aims to tackle unemployment and lack of education and promote wellbeing and community connection, as well as provide fresh meat and vegetables for struggling families. Our team in Coventry is regularly involved in connecting with immigrant communities in various ways, including a ‘Food Hub’ which provides food for immigrants, refugees and asylum seekers. We continue to build life-giving relationships with parents, families and the wider body of Christ, demonstrating God’s love through mercy ministries. We are working with Restore Collective in Atherstone who work with families and young people in creating safe environments. We encourage our whole community to regularly attend and engage with local churches. We sent a small team to YWAM Hurlach in Germany to help serve their
3
## **YOUTH WITH A MISSION THE KING’S LODGE**
## **(A company limited by guarantee)**
National Staff Gathering. We served in the kitchen and the Kid’s Ministry feeding around 300 people a day.
In December 2023 we organised a Christmas event called Winter Wonderland, over 500 people from the community came through our doors. We organised Christmas Outreach days in Nuneaton and Hinckley, where we sang Christmas carols and spoke to people about the Christmas message and the love of God. We also have regular evangelism days in the surrounding towns, like Hinckley and Nuneaton, where we partner with other local churches and worship on the streets and share the Gospel with people. In Camp Hill Bedworth and with the Mosaic church in Coventry we also work together to run local outreaches.
## **Financial Review**
## **Principle sources of income**
The charity’s primary sources of income are through residential training fees, which amount to 77% of total income, and voluntary donations, which amount to 23% of total income. Of the voluntary donation income, 87% is within restricted funds.
## **Expenditure**
Our main expenditures during the year were to provide Christian training.
## **Reserves Policy**
The Trustees consider that reserves equivalent to between three and six months operation expenditure is required to allow for the uncertain income flow through the fluctuation of student income and donations.
At the end of the period the unrestricted funds, or ‘free reserves’ of the charity, were £49,902 as shown in Note 15.
The trustees are considering ways to increase the certainty of student and donation income, and our unrestricted funds or ‘free reserves’.
## **Going Concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
4
**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **Trustees’ Responsibility Statement**
The Trustees (who are also directors of Youth With A Mission The King’s Lodge for the purposes 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. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to;
• select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose, with reasonable accuracy, at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on 1[st] May 2025 and signed on their behalf by
Philip Leage
5
**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **Independent examiner's report to the trustees of Youth With A Mission The King's Lodge**
I report to the trustees on my examination of the accounts of Youth With A Mission The King's Lodge
{the Charity) for the year ended 31 August 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011{'the Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145{5){b) of the Act.
## **Independent examiner's statement**
I have completed by examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2) the accounts do not accord with those records; or
3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 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.
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.
Stephen Barrs ACMA
Chartered accountant
6
**YOUTH WITH A MISSION THE KING’S LODGE (A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31[ST] AUGUST 2024**
|**Note**
**INCOME FROM:**
Donations
2
Charitable activities
3
Other trading activities
4
Investment income
5
**TOTAL INCOME**
**EXPENDITURE ON:**
Raising funds
6
Charitable activities
7
Other
8
Independent Examiner Fees
9
**TOTAL**
**Net Income/Expenditure**
**before tax**
Tax Payable
**Net Income/Expenditure**
**after tax**
Transfers between funds
**NET MOVEMENT IN FUNDS**
**Reconciliation of Funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total Funds**
**2024**
**£**
**Total Funds**
**2023**
**£**
10,305
67,116
**77,421**
**43,704**
226,138
21,579
**247,717**
**273,297**
6,200
-
**6,200**
**5,115**
362
-
**362 **
**-**|
|---|---|
||**243,005**
**88,695**
**331,700**
**322,116**|
||-
-
**-**
**-**
252,701
78,554
**331,255**
**305,672**
7,163
-
**7,163**
**4,674**
250
-
**250**
**-**|
||**260,114**
**78,554**
**338,668**
**310,346**|
||**(17,109)**
**10,141**
**(6,968)**
**11,770**
-
-
**-**
**-**|
||**(17,109)**
**10,141**
**(6,968)**
**11,770**
-
-
**-**
**-**|
||**(17,109)**
**10,141**
**(6,968)**
**11,770**
67,011
6,010
**73,021**
**61,251 **|
||**49,902**
**16,151**
**66,053**
**73,021**|
All activities relate to continuing operations.
The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 15 form part of these financial statements.
7
**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **BALANCE SHEET**
## **AS AT 31[ST] AUGUST 2024**
|**Note**
**FIXED ASSETS**
Tangible Assets
11
**Total Tangible Assets**
**CURRENT**
Debtors
12
Cash at bank and in hand
**Total current assets**
**CREDITORS**: amounts
falling due within 1 year
13
**NET CURRENT ASSETS**
**CREDITORS**: amounts
falling due after more than
1 year
14
**NET ASSETS**
**CHARITY FUNDS**
Restricted Funds
15
Unrestricted Funds
15
**TOTAL FUNDS**|**Unrestricted**
**Funds**
**31 August**
**2024**
**£**
**Restricted**
**Funds**
**31 August**
**2024**
**£**
**Total**
**Funds**
**31 August**
**2024**
**£**
**Total**
**Funds**
**31 August**
**2023**
**£**
12,244
-
**12,244**
**7,456**|
|---|---|
||**12,244**
**-**
**12,244**
**7,456**
58,535
5
**58,540**
**35,976**
47,262
16,146
**63,408**
**34,142**|
||**105,797**
**16,151**
**121,948**
**70,118**
(40,139)
-
**(40,139)**
**(4,553)**|
||**65,658**
**16,151**
**94,053**
**65,565**
**(28,000)**
**-**
**(28,000)**
**-**|
||**49,902**
**16,151**
**66,053**
**73,021**
-
16,151
**16,151**
**6,010**
49,902
-
**49,902**
**67,011**|
||**49,902**
**16,151**
**66,053**
**73,021**|
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006, and section 144 of the Charities Act 2011.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with with section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The financial statements were approved by the Trustees on 1[st] May 2025 and signed on their behalf by
Philip Leage
8
**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[ST] AUGUST 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparation of financial statements**
The financial statements have been prepared in accordance with 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 2015) – (Charities SORP (FRS 102)), and the Companies Act 2006.
Youth With A Mission The King’s Lodge meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **Company Status**
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
## **Fund Accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for a specific purpose.
## **Income**
All income is recognised once the company has an entitlement to the income, it is probable that the income will be received, and the amount of income can be reliably measured.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the company has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the company use of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised and refer to the Trustees’ report for more information about their contribution.
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably.
## **Interest Receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of interest paid or payable by the Bank.
9
**YOUTH WITH A MISSION THE KING’S LODGE (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] AUGUST 2024**
## **1. ACCOUNTING POLICIES (continued)**
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are carried at cost net of depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their expected useful lives on the following basis
|
on the following basis|||
|---|---|---|
|Computer Equipment|-|20%|
|Motor Vehicles|-|20%|
|Fixtures & Fittings|-|20%|
## **2. INCOME FROM DONATIONS AND LEGACIES**
|Donations
Legacies|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2023**
**£**
10,305
67,116
**77,421**
**43,704**
-
-
**-**
**-**|
|---|---|
||**10,305**
**67,116**
**77,421**
**43,704**|
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|Training/Course fees
Staff Contributions
Outreach Programme fees
Other income|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2023**
**£**
53,808
-
**53,808**
**126,912**
148,802
-
**148,802**
**116,907**
-
21,053
**21,053**
**13,337**
23,528
526
**24,054**
**16,141**|
|---|---|
||**226,138**
**21,579**
**247,717**
**273,297**|
10
**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] AUGUST 2024**
## **4. INCOME FROM TRADING ACTIVITIES**
|Café and books sales
**5. INVESTMENT INCOME**
Interest income|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2023**
**£**
6,200
-
**6,200**
**5,115**
**6,200**
**-**
**6,200**
**5,115**|
|---|---|
||**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2023**
**£**
362
-
**362**
**-**
**362**
**-**
**362**
**-**|
## **6. EXPENDITURE ON RAISING FUNDS**
|Fundraising expense|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2023**
**£**
-
-
**-**
**-**
**-**
**-**
**-**
**-**|
|---|---|
11
**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] AUGUST 2024**
|**7.**|**EXPENDITURE ON CHARITABLE ACTIVITIES**|**EXPENDITURE ON CHARITABLE ACTIVITIES**||||
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**Funds**|**Funds**|**Funds**|**Funds**|
|||**2024**|**2024**|**2024**|**2023**|
|||**£**|**£**|**£**|**£**|
||Training/Course costs|14,529|2,603|**17,132**|**29,738**|
||Catering and hospitality costs|22,929|3,506|**26,435**|**28,511**|
||Repairs and maintenance|25,486|40,672|**66,158**|**37,912**|
||Outreach programme costs|5,638|1,851|**7,489**|**4,996**|
||Volunteer costs|195|-|**195**|**565**|
||Travel|5,859|14,692|**20,551**|**7,941**|
||Rent & rates (incl. mains supplies)|92,884|-|**92,884**|**83,939**|
||Telephone and internet costs|23,665|-|**23,665**|**21,432**|
||Insurance|18,753|-|**18,753**|**19,175**|
||Other office related costs|24,761|14,995|**39,756**|**32,292**|
||Legal and professional fees|13,161|-|**13,161**|**9,909**|
||Gifts/Tithe|5,594|(500)|**5,094**|**20,725**|
||Bad debt expense|(6,203)|-|**(6,203)**|**1**|
||Depreciation|3,089|-|**3,089**|**4,384**|
||Other costs|2,361|735|**3,096**|**4,152**|
|||**252,701**|**78,554**|**331,255**|**305,672**|
|**8.**
**OTHER EXPENDITURE**
Café expense|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2023**
**£**
7,163
-
**7,163**
**4,674**|
|---|---|
||**7,163**
**-**
**7,163**
**4,674**|
12
## **YOUTH WITH A MISSION THE KING’S LODGE**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] AUGUST 2024**
## **9. FEES FOR EXAMINATION OF THE ACCOUNTS**
|Independent Examiner Fees
Assurance services other than
independent examiner
Tax advisory fee
Other fees paid to the independent
examiner|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2024**
**£**
**Total**
**Funds**
**2023**
**£**
250
-
**250**
-
-
-
**-**
-
-
-
**-**
-
-
-
**-**
-|
|---|---|
||**250**
**-**
**250**
**-**|
## **10. EMPLOYEE COSTS**
The company employed no staff during the period (2023: nil).
The Trustees received no remuneration during the period (2023: nil).
## **11. FIXED ASSETS**
|**Cost**
Balance Brought Forward
Additions
Balance carried forward
**Depreciation**
Balance Brought Forward
Charge for year
Balance Carried Forward
**NBV at 31st August 2023**
**NBV at 31st August 2024**|**Computer**
**Equipment**
**£**
**Motor**
**Vehicles**
**£**
**Total**
**.**
**£**
18,724
10,490
29,214
2,378
5,500
7,878|
|---|---|
||**21,102**
**15,990**
**37,092**|
||(11,269)
(10,490)
(17,375)
(2,539)
(550)
(4,383)|
||**(13,808)**
**(10,490)**
**(21,758)**|
||**7,456**
**-**
**7,456**|
||**7,294**
**4,950**
**12,244**|
13
**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] AUGUST 2024**
## **12. DEBTORS**
|**EBTORS**||
|---|---|
|Trade debtors
Other debtors
Prepayments and accrued income|**2024**
**£**
**2023**
**£**
**47,456**
**31,064**
**-**
**-**
**11,084**
**4,912**|
||**58,540**
**35,976**|
## **13. CREDITORS: Amounts falling due within 1 year**
|Trade creditors
Other creditors
Accruals and deferred income|**2024**
**£**
**2023**
**£**
**542**
**4,353**
**-**
**-**
**39,597**
**200**|
|---|---|
||**40,139**
**4,553**|
## **14. CREDITORS: Amounts falling due after 1 year**
|Loan
Other creditors|**2024**
**£**
**2023**
**£**
**28,000**
**-**
**-**
**-**|
|---|---|
||**28,000**
**-**|
**Interest free loan received from a private individual for use on roof repairs, to be fully repaid within 2 years.
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**YOUTH WITH A MISSION THE KING’S LODGE**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] AUGUST 2024**
## **15. STATEMENT OF FUNDS**
|**Unrestricted Funds**
Accumulated
general fund
**Restricted Funds**
Building fund
Outreaches
Extension Studies
Fundraising by
Froydis
Kitchen Renovation
Memorial Fund
David Long
Vison 24
**Total Funds**|Brought
forward
Income Expense
Transfers
in/out
Gains /
(losses)
Carried
forward
£
£
£
£
£
£
67,011
243,005
(260,114)
-
-
49,902|
|---|---|
||67,011
243,005
(260,114)
-
-
49,902
1,493
5,611
(7,104)
-
-
-
-
21,053
(21,053)
-
-
-
322
3,373
(2,326)
-
-
1,369
1,719
(1,499)
-
-
-
220
-
16,820
(13,534)
-
-
3,286
2,476
917
-
-
-
3,393
-
42,420
(34,537)
-
-
7,883|
||6,010
88,695
(78,554)
-
-
16,151|
||**73,021**
**331,700**
**(338,668)**
**-**
**-**
**66,053**|
## **Restricted Funds**
These restricted funds consist of certain income which is dedicated to restricted use as detailed below
**Building fund -** The Building fund consists of monies donated for our property development and thus is a restricted fund.
**Outreaches -** Outreach monies are finances given by our trainees to pay for their outreach/field trip experience and therefore are restricted to this activity.
**Extension Studies -** Extension Studies funds are given for the sole purpose of furthering the Extension Studies training programmes and related activates.
**Fundraising by Froydis -** Donations given specifically for the future improvement of the King’s Lodge building.
**Memorial Fund David Long -** These funds are donated by the family of David Long and are restricted in their use to the agreed criteria of the Long family.
**Vision 24** – Donations around TKL’s 40th anniversary around upkeep, maintenance and development but reserved for special projects and fundraising efforts under that umbrella.
15