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2021-08-31-accounts

YOUTH WITH A MISSION URBAN KEY LONDON

Registered Charitable Incorporated Organisation No. 1168311

Trustees' Report and Financial Statements

For the year ended 31 August 2021

Denise Isaacs

Fellow of the Association of Chartered and Certified Accountants

Independent Examiners

18 Belmont Road, Chesham, Bucks HP5 2EL

(Registered Charitable Incorporated Organisation)

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YOUTH WITH A MISSION URBAN KEY LONDON

CONTENTS

Page

Report of the Trustees

2-11

Statement from Independent Examiner 12
Statement of Financial Activities 13
Statement of Financial Position 14
Notes forming part of the Financial Statements 15-16

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YOUTH WITH A MISSION URBAN KEY LONDON

REPORT OF THE TRUSTEES (contd.)

For the Year Ending 31 August 2021

The trustees present their annual report and financial statements for the Year 1 September 2020 to 31 August 2021. The trustees are also the directors of the organisation and this trustees' annual report therefore contain the information required for a directors' report under company law.

Summary

The trustees are pleased to report a successful year for Youth with A Mission Urban Key London (YWAM Urban Key) despite the global pandemic. The highlights are:

  1. We offer a wide range of programmes including DTS (Discipleship Training School), LMD (Leadership & Ministry Development School), FCM (Foundations of Counselling Ministries, BCC (Bible Core Course), SDF/SAS (School of Digital Filmmaking and School of Acting for the Screen), and SBCW (School of Biblical Christian Worldview), which are all aimed at developing Christian faith and character, enabling participants in being stronger and more effective followers of Christ every day of their lives. We did see an increase in trainees from the previous year with 40 trainees participating in various courses.

  2. We currently have a team of 46 staff that are serving in 3 operating locations within YWAM Urban Key.

  3. Due to the pandemic, some of our general activities have changed because of the need we see in our community. Throughout the pandemic, particularly in the last year, we have continued giving food to many in need across our varied locations, working with homeless and those with addictions in the night, hosting spaces in our gardens for haircuts, manicures, face painting for children, etc. Many of our previous activities have returned from our children’s’ ministry to prison ministry and even one of our ministries was about to serve on a movie set.

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YOUTH WITH A MISSION URBAN KEY LONDON

REPORT OF THE TRUSTEES (contd.)

For the Year Ending 31 August 2021

1. Aims and Purpose

YWAM Urban Key has been established for the advancement of the Evangelical Christian Faith worldwide as set out in its Memorandum and Articles of Association.

~~2~~ . Objectives and Activities

YWAM Urban Key objectives and activities to achieve its purpose are as follows:

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YOUTH WITH A MISSION URBAN KEY LONDON

REPORT OF THE TRUSTEES (contd.)

For the Year Ending 31 August 2021

3. Public Benefit

The trustees confirm that the Charity has complied with its duty under section 4 of the 2011 Charities Act and has had due regard to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's objectives and activities. In particular, the trustees have considered how planned ~~a~~ ctivities will contribute to the aims and objectives we have set.

4. Achievements and Performance

Training

The Discipleship Training School (DTS), which is YWAM's foundational course, consists of two parts over a span of five months: the three-month lecture phase, where trainees learn more about God and His world through lectures, community living and practical training; and the two-month outreach phase, which focuses on applying what was learned in the classroom through a crosscultural field placement. This year, 18 people attended our Discipleship Training Schools with field placements around the United Kingdom.

YWAM Urban Key offers specialized courses in missions, for example, Biblical studies, Humanities and Justice Issues, Biblical Counselling, Film and Acting courses, and Leadership Development. During this year, 4 individuals completed a second-level Basic Leadership School; 8 trainees completed the School of Digital Filmmaking and School of Acting for the Screen; 3 trainees each completed the Bible Core Course and School of Biblical Christian Worldview; and 4 individuals completed the Foundations for Christian Ministries School.

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YOUTH WITH A MISSION URBAN KEY LONDON

REPORT OF THE TRUSTEES (contd.) For the Year Ending 31 August 2021

We partnered with local churches to host a wide variety of conferences and training seminars throughout the year. We also hosted a ten-day Summer of Missions event in Bournemouth, UK, which was attended by 60 individuals.

We send individuals and groups on short-term international mission trips, working in a variety of areas and ministries. In relation to our training programmes, we sent teams to a few different cities in the United Kingdom. The type and focus of the work differed by team and location, and included a variety of ministries such as teaching seminars, running programmes for children and youth, working with sports programmes, doing evangelism and Bible teaching, serving local churches and missionaries, and volunteering in schools, homeless shelters, orphanages and refugee camps.

We also facilitate a yearly Expedition named Rising Son, which is a one-month hiking retreat for young men seeking to have a deeper relationship with God. The event aims to transmit vision and hearing what God is saying to men. This past year’s trip was cancelled due to the pandemic.

Supporting Communities

Many of our activities and events needed to be postponed, cancelled, or restructured this year due to the different restrictions for COVID-19. A majority, if not all of our activities are highly relational and involve different levels of social and physical contact, which meant that most activities were significantly slowed and restructured. In addition to this, we also regularly partner with other organisations like Ashford Place or the Salvation Army Harlesden, which closed their doors for the remainder of the year.

However, even with the restrictions in mind, we did continue a weekly food distribution project in our local community in Willesden and Harlesden. During this time, we have given away fruits and vegetables to at least 100 families a week depending on how much we have received from Esther Community Enterprise.

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YOUTH WITH A MISSION URBAN KEY LONDON

REPORT OF THE TRUSTEES (contd.)

For the Year Ending 31 August 2021

Pioneering YWAM Locations

YWAM Urban Key has been supporting our urban-based programme in Nottingham. During this year, activities of our extended staff included:

5. Financial Review

Though this seemingly more difficult year financially due to the pandemic including a decrease in participants compared to years past, the trustees are still pleased to report an extremely successful year with an income of £499,026 (2020: £ 296,221 ) and expenditure of £393,617 (2019: £ 313,091 ) carrying forward £163,048 in general funds into the new financial year.

Reserves Policy

The trustees have established a policy whereby the unrestricted funds held by the Charity should be kept to a minimum, but sufficient to provide working capital of three months' expenditure. This is in line with the spirit and ethos of the founding purposes of the Charity. At the moment we are aware of the need to build our reserve account but are primarily committed to faithfully paying monthly expenses.

Plans Envisaged

Café – We would like to open a café in the future to serve the community with counselling, food banks and drop-ins, arts and performance spaces for workshops, and training for youth, adults and families. Our aim is to provide low-cost quality food and beverages to bring together the local community and to create a space in which families, young people, professionals could find a sense of belonging in London.

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YOUTH WITH A MISSION URBAN KEY LONDON

REPORT OF THE TRUSTEES (contd.)

For the Year Ending 31 August 2021

6. Structure, Governance, and Management

The organisation achieved it Charitable Incorporation on 12 July 2015. Its Memorandum of Association sets out its objects and powers and it is governed by its Articles of Association.

The governing body of the Charity is the Board of Trustees. The trustees are also the directors for the purposes of Companies Acts.

Recruitment, appointment and ongoing training of trustees

As the Charity is of a very relational nature, new trustees have traditionally been recruited through the extensive network of the current trustees and the leadership in the charity to meet the needs of the charity in different fields of expertise. Each new trustee is given a personal induction programme, including a notebook outlining the responsibilities of a trustee, a meeting with the chairman and a time to meet the other trustees to ask questions. All trustees also receive additional ongoing training through charity sector updates, and they are invited to charity sector seminars. The trustees may appoint any member to become a trustee provided the prescribed maximum is not exceeded. Any trustee appointed in this way is required to retire and be formally elected at the next annual general meeting. They would be eligible for re-election by the members. Under the Articles of Association, one third of the trustees must retire at the AGM, although they are eligible for re-election every three years.

Governance

The Board of Trustees are responsible for the property and financial monitoring and approving the strategy and vision of the Charity and ensuring the strategy is being implemented. It receives reports on all aspects of the work and meets formally two to four times a year. It delegates the main day to day decisions to the Executive leaders. The trustees also liaise with Youth with A Mission leadership both nationally and internationally to ensure that the values and vision of YWAM internationally are being applied.

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YOUTH WITH A MISSION URBAN KEY LONDON

REPORT OF THE TRUSTEES (contd.) For the Year Ending 31 August 2021

Statement of Trustees' responsibilities

The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the net income or expenditure, for the year. In preparing those financial statements, the trustees are required to:

Risk Management

At least twice a year, reviews of the types of risks the Charity faces are conducted. The potential impact and likelihood of occurrence and means of mitigating the risks are identified. The Board will receive an updated risk register twice a year to review and analyse, or as soon as a potential significant risk is identified. One of the major risks identified is to improve our budgetary control and financial reporting.

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YOUTH WITH A MISSION URBAN KEY LONDON

REPORT OF THE TRUSTEES (contd.) For the Year Ending 31 August 2021

The trustees have set policies on risk and internal controls to minimize the potential risks to the Charity. Through the risk management process, the trustees are satisfied that the major risks have been identified and have been adequately mitigated where possible. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

Volunteers

The Charity relies entirely on the contributions of unpaid volunteers to carry out its activities but placing a monetary value on their contribution is impractical and cannot be measured reliably for accounting purposes. Therefore, this contribution is not included in the Charity's accounts. Volunteers are engaged in all aspects of the Charity's activities including senior management and training roles. Such volunteers, as is usual in missionary organisations, often receive support from their own sponsors and other supporters or have other sources of income including from selfemployed activities.

The Charity has several rental residential accommodations which is used primarily for residential training and gathering purposes, and for missionaries and teams working in the local community. It is also used as housing for many of the volunteers. Contributions are received in respect of all such use, which is included in the accounts as ‘staff fees’.

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YOUTH WITH A MISSION URBAN KEY LONDON

REPORT OF THE TRUSTEES (contd.) For the Year Ending 31 August 2021

Trustees: Jose Maria Liste Chairman Jose Luis Galarza Dale Lambert Robin Plummer Executive Leaders: Jose Maria Liste 13 Station Road, London NW10 Principal Office: 4UJ Independent Examiner: Denise Isaacs Fellow of the Association of Chartered and Certified Accountants Independent Examinder 18 Belmont Road, Chesham, Bucks HP2 5EL Bank: Youth With A Mission Urban Key London Natwest Park Royal 50-41-20 47090952

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YOUTH WITH A MISSION URBAN KEY LONDON

Report of the Independent Examiner to the Trustees

We report on the accounts of the Charity for the year to 31 August 2019, which are set out on pages 6 to 11.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2013 (the 2013 Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Denise Isaacs FCCA Asaph Solutions Limited 18 Belmont Road Chesham Bucks HP5 2EL

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YOUTH WITH A MISSION URBAN KEY LONDON

Statement of Financial Activities Including Income and Expenditure Account For the year ended 31 August 2021

Note
Incoming resources:
2
Incoming resources from generated activities:
Voluntary Income
Other income
TOTAL INCOMING RESOURCES
Resources expended:
Charitable activities
3
Governance costs
4
TOTAL RESOURCES EXPENDED
Net incoming/ (outgoing) resources
Brought forward
FUNDS CARRIED FORWARD		 2021
2020
£
£
219,495
225,196
279,531
71,025
499,026
296,221
392,718
312,191
900
900
393,618
313,091
105,408
(16,871)
97,495
114,365
202,903
97,495

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YOUTH WITH A MISSION URBAN KEY LONDON

Balance Sheet As at 31 August 2021

Note
Current assets
Debtors
6
Cash at bank and in hand
Creditors: Amounts falling due
within one year
7
Accruals
Other creditors
Creditors: Amounts falling due
after one year
Reserves:
General funds
Gains(loss) for the year		 2021
2020
£
£
51,136
43,704
113,430
37,140
164,566
80,844
(900)
(900)
(618)
(2,756)
163,048
77,188
-
-
163,048
77,188
45,946
31,242
117,102
45,946
163,048
77,188

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YOUTH WITH A MISSION URBAN KEY LONDON

Notes to the Financial Statements For the year ended 31 August 2021

2 INCOMING RESOURCES
DTS
Less: Discounts
Willesden
Park Ave Staff
Hospitality
LMD
Station Road Staff
Seminar
Other income
FCM
Ministry gift
Forge
Film School
Interest
Alex Ave
Friday Offerings
Laundry
Living Room
Think Tank
Visa fees
SBCW
Staff
Summer of Missions
Discounts
Refunds
3 NET OUTGOING RESOURCES
Foreign outreach
UK outreach
Teaching ministry
Rent, rates and utilities
Light & Heat
Insurance
Sundries
Printing, postage and stationery
Gifts and donations
Bank charges
Events expenses
Motor expenses
Advertising
Cleaning
Repairs and Maintenance
School expenses
Travelling and subsistence
Accommodation
General administrative expenses
Hall hire
Meals
Hospitality
Forge
CIJR
Phone
Ministry expenses
Evangelism
COS payments
Summer of Missions
Refunds
Think Tank
Willesden
Professional services
Governance costs
Accountancy		 2021
2020
£
£
64,064
40,880
-
(347)
46,815
-
33,350
86,063
1,881
7,497
13,050
6,400
83,568
65,336
4,850
2,385
17,225
13,547
9,800
50
23,582
26,865
88,084
20,152
31,010
24,362
3
13
1,750
-
7,573
-
1,990
-
495
-
362
-
799
-
5,350
-
53,605
-
5,713
-
1,727
2,380
3,018
499,026
296,221
-
9,855
3,702
1,104
7,786
2,437
134,725
165,463
18,238
17,302
5,891
10,154
2,244
-
71
154
7,068
4,529
1,119
4,739
-
3,822
5,460
304
552
1,596
842
13,530
9,156
3,824
7,629
1,746
6,457
600
-
6,345
3,980
495
800
21,292
26,372
570
2,353
62,421
20,930
-
2,385
876
2,357
12,200
5,131
17
450
1,090
1,446
5,011
-
2,228
-
620
-
73,287
-
-
254
392,718
312,292
900
900
393,618
313,192
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YOUTH WITH A MISSION URBAN KEY LONDON

Notes to the Financial Statements For the year ended 31 August 2021

4 GOVERANCE COSTS
Accountancy fees
5 TAXATION		 2021
2020
£
£
900
900

The church is a registered charity and as such no taxation has been provided for in these accounts.

6 DEBTORS
Debtors - Fees receivable
7 CREDITORS:Amounts falling due within one year
Accruals
Other creditors		 51,136
43,704
900
900
618
2,756
1,518
3,656

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