Annual Report and Financial Statements for the Year Ended 31 December 2020
## Youth With A Mission Derby
Charity registration number: 1175471
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
## **YOUTH WITH A MISSION DERBY**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 13|
## **YOUTH WITH A MISSION DERBY**
## **Reference and Administrative Details**
**Trustees** Laurence Singlehurst Sandra Hobbs Robert Hobbs Ian Pounce Yan Nicholls Gary Watt (appointed 12 November 2020) Linda Leage (appointed 12 November 2020) **Principal Office** Overdale House 96 Whitaker House Derby DE23 6AP **Charity Registration** 1175471 **Number Independent Examiner** G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF **Bankers** Metro Bank One Southampton Row WC1B 5HA
Page 1
## **YOUTH WITH A MISSION DERBY**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2020.
## **Objectives and activities**
## **Structure, governance and management**
## _**Nature of governing document**_
Youth With A Mission Derby is a registered charity, number 1175471, and is constituted under a Trust deed.
## _**Recruitment and appointment of trustees**_
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## _**Risk Management**_
The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## _**Objects and aims**_
The objects are:
1. To promote the Christian faith.
2. To advance training in accordance with Christian principles.
3. To promote and fulfil such other charitable purposes beneficial to the community (mercy ministries) as the trustees from time-to-time think fit.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
## _**Review of activities**_
As a missional community, we at Youth with A Mission Derby are committed to empowering and equipping God’s people to embrace their destiny in fulfilling The Great Commission so they may be effective in feeding the hungry, clothing the poor, comforting the broken hearted, standing with the refugee and loving the unlovable by being a practical representation of the hands and feet of Jesus as the cities of this nation and world become the new mission field.
Youth with A Mission Derby is committed to seeing the Great Commission fulfilled in the lives of Gods people and all of God’s creation by Knowing God and Making Him Known.
Page 2
## **YOUTH WITH A MISSION DERBY**
## **Trustees' Report**
## _Assist - Partner - Initiate_
With our flexibility, especially at this time with the Covid pandemic, we are able to respond to Gods call and step into ministry shoes that need filling. We are therefore able to come along side many Christian ministries and organizations, allowing us to be a versatile influence for the Gospel.
Because of our involvement in the city, we have a good understand of where there are gaps in that need filling. This presents us with many opportunities to initiate events and other ministries.
We do this by:
- Evangelism in and Around the City
- Equipping and Empowering those committed to the Great Commission.
- Youth Work both online and in groups
- Year For God Gap Year Program
- Development of the Online Young Peoples School of Biblical Studies
- Overdale House: hosting outreach teams, ministry, and community events
For greater understanding and an in-depth look at the activities of YWAM Derby please go to our web site. www.YWAMDerby.org, Year For God: www.yearforgod.org.uk, ywamlearning.com /sbs for young people.
## **Financial review**
## _**Going concern**_
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Page 3
## **YOUTH WITH A MISSION DERBY**
## **Trustees' Report**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity 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 estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 29 June 2021 and signed on its behalf by:
......................................... Laurence Singlehurst Trustee
Page 4
## **YOUTH WITH A MISSION DERBY**
## **Independent Examiner's Report to the trustees of Youth With A Mission Derby**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 6 to 13.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Youth With A Mission Derby 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 Youth With A Mission Derby'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 my 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 Youth With A Mission Derby 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 accounting 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.
...................................... G W Schulz ACMA
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
29 June 2021
Page 5
## **YOUTH WITH A MISSION DERBY**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
2
1,568
Charitable activities
3
31,175
Investment income
4
6
Total income
32,749
**Expenditure on:**
Charitable activities
5
30,139
Total expenditure
30,139
Net income/(expenditure)
2,610
Net movement in funds
2,610
**Reconciliation of funds**
Total funds brought forward
23,937
Total funds carried forward
11
26,547|**Total**
**2020**
**£**
1,568
31,175
6
32,749
30,139
30,139
2,610
2,610
23,937
26,547|**Total**
**2019**
**£**
8,083
39,265
15|
|---|---|---|
|||47,363|
|||67,075|
|||67,075|
|||(19,712)|
|||(19,712)
43,649|
|||23,937|
The notes on pages 8 to 13 form an integral part of these financial statements. Page 6
## **YOUTH WITH A MISSION DERBY**
## **Balance Sheet as at 31 December 2020**
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
10
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
11|**2020**
**£**
-
4,497
22,770
27,267
(720)
26,547
26,547
26,547
26,547|**2019**
**£**
863
4,507
19,287|
|---|---|---|
|||23,794
(720)|
|||23,074|
|||23,937|
|||23,937|
|||23,937|
The financial statements on pages 6 to 13 were approved by the trustees, and authorised for issue on 29 June 2021 and signed on their behalf by:
......................................... Laurence Singlehurst Trustee
The notes on pages 8 to 13 form an integral part of these financial statements. Page 7
## **YOUTH WITH A MISSION DERBY**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1 Accounting policies**
## **Statement of compliance**
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)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Youth With A Mission Derby 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 notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Gift aid**_
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Page 8
## **YOUTH WITH A MISSION DERBY**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Computer equipment
**Depreciation method and rate** 33% on cost
## **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.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Liabilities**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Page 9
## **YOUTH WITH A MISSION DERBY**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **2 Income from donations and legacies**
|Donations and legacies;
Donations
Other income from donations and legacies
**3 Income from charitable activities**
Fees and rental income
**4 Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**funds**
**General**
**£**
1,340
228
1,568
**Unrestricted**
**funds**
**General**
**£**
31,175
**Unrestricted**
**funds**
**General**
**£**
6|**Total**
**2020**
**£**
1,340
228
1,568
**Total**
**2020**
**£**
31,175
**Total**
**2020**
**£**
6|**Total**
**2019**
**£**
6,570
1,513|
|---|---|---|---|
||||8,083|
||||**Total**
**2019**
**£**
39,265|
||||**Total**
**2019**
**£**
15|
Page 10
## **YOUTH WITH A MISSION DERBY**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **5 Expenditure on charitable activities**
|**Note**
Premises costs
Hospitality and household
Seminars and training
Administration costs
Equipment
Vehicle expenses
Travel and subsistence
Advertising and promotional
Professional fees
Bank charges
Miscellaneous expenses
Bad debts
Independent examination
Depreciation
Grant funding of activities
6|**Unrestricted**
**funds**
**General**
**£**
18,191
1,656
698
4,907
2,067
194
41
-
730
58
14
-
720
863
-
30,139|**Total**
**2020**
**£**
18,191
1,656
698
4,907
2,067
194
41
-
730
58
14
-
720
863
-
30,139|**Total**
**2019**
**£**
41,831
3,249
1,467
4,575
1,929
549
312
60
764
195
13
2,049
720
862
8,500|
|---|---|---|---|
||||67,075|
## **6 Grant-making**
## **Analysis of grants**
Grants
**Grants to institutions 2019 £** 8,500
## **7 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 11
## **YOUTH WITH A MISSION DERBY**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **8 Tangible fixed assets**
|**Cost**
At 1 January 2020
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019
**9 Debtors**
Trade debtors
**10 Creditors: amounts falling due within one year**
Accruals||**Computer**
**equipment**
**£**
2,587||**Total**
**£**
2,587
2,587
1,724
863
2,587
-
863
**2019**
**£**
4,507|
|---|---|---|---|---|
|||2,587|||
|||1,724
863|||
|||2,587|||
|||-|||
|||863|||
|||**2020**
**£**
4,497
**2020**
**£**
720|||
|||||**2019**
**£**
720|
Page 12
## **YOUTH WITH A MISSION DERBY**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **11 Funds**
|**11 Funds**|||||
|---|---|---|---|---|
|**Unrestricted funds**
**_General_**
General Funds
**Unrestricted funds**
**_General_**
General Funds|**Balance at**
**1 January**
**2020**
**£**
23,937
**Balance at**
**1 January**
**2019**
**£**
43,649|**Incoming**
**resources**
**£**
32,749
**Incoming**
**resources**
**£**
47,363|**Resources**
**expended**
**£**
(30,139)
**Resources**
**expended**
**£**
(67,075)|**Balance at**
**31**
**December**
**2020**
**£**
26,547|
|||||**Balance at**
**31**
**December**
**2019**
**£**
23,937|
## **12 Analysis of net assets between funds**
|Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
27,267
(720)
26,547
**Unrestricted**
**funds**
**General**
**£**
23,794
(720)
23,074|**Total funds**
**at 31**
**December**
**2020**
**£**
27,267
(720)|
|---|---|---|
|||26,547|
|||**Total funds**
**at 31**
**December**
**2019**
**£**
23,794
(720)|
|||23,074|
Page 13