**Growing Young Disciples Charitable Incorporated Organisation (CIO)**
## **Trustees' report and financial statements**
**for the year ended 30 June 2023**
**robinson+co**
**Chartered Accountants**
## **Growing Young Disciples**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees report|**2 - 4**|
|Independent examiners' report|**5**|
|Statement of financial activities|**6**|
|Balance sheet|**7**|
|Notes to the financial statements|**8 - 13**|
## **Growing Young Disciples**
## **Legal and administrative information**
**Charity number** 1178450 **Registered office** 10 South Downs Knutsford WA16 8ND **Trustees** T Thornborough T J Wickham S A Chaplin D Woods M J Lacy T W D Johnston Appointed 22 September 2023 **Accountants** robinson+co Oxford Chambers New Oxford Street Workington CA14 2LR
**Page 1**
## **Growing Young Disciples**
## **Report of the trustees**
## **for the year ended 30 June 2023**
The trustees present their report and the financial statements for the year ended 30 June 2023. The trustees who served during the year and up to the date of this report are set out on page 1.
## **Objects of the charity**
The charity, governed by a trust deed, seeks the advancement of the Christian faith in accordance with the basis of faith, by resourcing and training people to teach the Christian faith to children and young people.
## **Summary of the charity's main activities and achievements**
To further the above object, the charity's main activities and achievements were as follows:
## **Training**
Growing Young Disciples continues to grow and develop in order to serve the local church through equipping and training all those concerned with the nurture and discipleship of children and young people. The Growing Young Disciples team travels the length and breath of the U.K. and Ireland providing training for and consultancy services to churches and para-church organisations. Each training opportunity responds to a specific invitation and often provides a bespoke training experience. There are also a number of courses that can be delivered, such as Raising Kids For Christ and Understanding Generation Z The Growing Young Disciples team provides in context training weekly, as well as a continued focus on providing accessible online training. The Academy, which was launched in September 2021, continues to serve 60 children's and youth workers every week. A notable addition to the 2022 cohort of students was a number of overseas students accessing GYD training online.
The launch of the Growing Young Disciples Academy has been a significant development to the ministry and training methodology of Growing Young Disciples. The academy course is designed to give those serving in kid's, youth and families ministry some help in thinking through the theological and practical aspects of ministry. The course is designed to run for 3 academic years, with 48 hours of instruction across 24 weeks per year. The first intake for the Growing Young Disciples Academy numbered 40 people. The training is all done virtually with attendees joining an online class room for two hours each week. Each attendee is located within a tutor group for support and discussion.
Growing Young Disciples regularly hosts Talk Labs, aimed at equipping kid's and youth ministry leaders to teach the bible to the next generation with passion and conviction.
A significant addition to our training provision in the annual Growing Young Disciples Reading Challenge, aimed at facilitating reading and discussion amongst children and young people.
Growing Young Disciples continues to enjoy an excellent partnership with Crosslands in the delivery of seminary level education.
## **Resourcing and Equipping**
Growing Young Disciples has a desire to resource and equip church workers in their ministry among families, children, and young people in the local church. There have been many opportunities throughout the year to engage with workers on an individual basis either through face-to-face meetings or virtual meetings. The emphasis of these meeting has been primarily to resource, advise and equip, but there has also been a reasonable amount of pastoral care provided along the way.
A significant offering in the area of equipping is the provision of a mentoring programme. GYD offer individual mentoring and a group mentoring programme which has proved significant for a number of workers who have appreciated a more regular and personal level of support.
GYD has also had the opportunity to offer a consultancy service to local churches that are thinking through their ministry provision among children, youth and families.
**Page 2**
## **Growing Young Disciples**
## **Report of the trustees for the year ended 30 June 2023**
## **Staff**
Growing Young Disciples has four full-time employees and two part-time employee.
## **Financial Review**
We have experienced a year of recovery and a return to some kind of normal operation following the Covid-19 pandemic. We have continued to expand our operations our income increasing to £297k (2022: 282k) and increased the size of the conference. We have taken on new staff. All this expansion has happened whilst maintaining a relatively healthy financial position. Our final cash balance is £78k (2022: £87k). Therefore at present we feel our financial situation is stable.
## **Reserves Policy**
The trustees' objective is to establish unrestricted funds to cover 3 months of ordinary operating expenses (excluding the cost of one-off events such as annual conferences). As at year end, 3 months of ordinary operating expenses was approximately £54k and there were £57k in unrestricted funds. Therefore, the trustees are satisfied that the reserves policy has been followed and there are no going concern issues.
## **Governance**
The policy and operating decisions of the charity rest with the trustees who meet regularly to monitor the activities of the Trust. The trustees and the employee are responsible for the implementation of the trustees' decisions. New trustees may be appointed by a resolution of the trustees passed by a majority of the trustees.
## **Risk Assessment**
The trustees have reviewed the risks to which a small charity operating with three or fewer employees in areas of education and The Children Act of 1989 are exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. 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 UK 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 operation.
**Page 3**
## **Growing Young Disciples**
## **Report of the trustees for the year ended 30 June 2023**
The trustees are responsible for keeping proper accounting records which 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. 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.
On behalf of the board
T Thornborough **Trustee**
19 March 2024
**Page 4**
## **Growing Young Disciples**
## **Independent examiner's report to the trustees on the unaudited financial statements of Growing Young Disciples.**
I report on the accounts of Growing Young Disciples for the year ended 30 June 2023 set out on pages 6 to 13.
## **Respective responsibilities of trustees and independent examiner**
As the charity's trustees you are responsible for the preparation of the accounts. The trustees consider that the audit requirement of section 144 of the Charities Act 2011 (the Charities Act) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
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 I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep proper accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
## **Mr Jason Spires FCA DChA**
## **Independent examiner**
robinson+co Oxford Chambers New Oxford Street Workington CA14 2LR
19 March 2024
**Page 5**
## **Growing Young Disciples**
## **Statement of financial activities**
## **For the year ended 30 June 2023**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Income**
Donations
2
59,330
83,457
Charitable activities
3
154,559
-
**Total income**
213,889
83,457
**Expenditure**
Charitable activities
4
221,850
96,658
**Total expenditure**
221,850
96,658
**Net incoming/(outgoing) resources**
**before transfers**
)
(7,961
)
(13,201
Transfer between funds
)
(25,031
25,031
**Net income/(expenditure) for the year**
)
(32,992
11,830
Total funds brought forward
90,478
-
**Total funds carried forward**
57,486
11,830|**2023**
**Total**
**£**
142,787
154,559
297,346
318,508
318,508
)
(21,162
-
)
(21,162
90,478
69,316|**2022**
**Total**
**£**
123,197
158,326|
|---|---|---|
|||281,523|
|||219,844|
|||219,844|
|||61,679
-|
|||61,679
28,799|
|||90,478|
The statement of financial activities includes all gains and losses in the year.
**The notes on pages 8 to 13 form an integral part of these financial statements.**
**Page 6**
## **Growing Young Disciples**
## **Balance sheet**
## **as at 30 June 2023**
|**Notes**
**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**
11
Restricted income funds
Unrestricted income funds
**Total funds**|**2023**
**£**
**£**
1,669
8,604
78,378
86,982
)
(19,335
67,647
69,316
11,830
57,486
69,316|**2022**
**£**
**£**
1,437
19,238
87,499
106,737
)
(17,696
89,041
90,478
-
90,478
90,478|**2022**
**£**
**£**
1,437
19,238
87,499
106,737
)
(17,696
89,041
90,478
-
90,478
90,478|
|---|---|---|---|
||||90,478|
||||-
90,478|
||||90,478|
The financial statements were approved by the trustees on 19 March 2024 and signed on its behalf by
**T Thornborough Trustee**
**The notes on pages 8 to 13 form an integral part of these financial statements.**
**Page 7**
## **Growing Young Disciples**
## **Notes to financial statements for the year ended 30 June 2023**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
The financial statements are prepared in UK Sterling which is the functional currency of the entity.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **1.2. Cashflow**
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
## **1.3. Income**
All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
## **1.4. Expenditure**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
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.
## **1.5. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 25% straight line
**Page 8**
## **Growing Young Disciples**
## **Notes to financial statements**
## **for the year ended 30 June 2023**
## **1.6. Defined contribution pension schemes**
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
## **2. Donations**
|**Donations**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**2023**|**2022**|
||**funds**|**funds**|**Total**|**Total**|
||**£**|**£**|**£**|**£**|
|Donations|55,799|74,876|130,675|113,881|
|Gift Aid|3,531|8,581|12,112|9,316|
||59,330|83,457|142,787|123,197|
In 2022 of the donations £34,554 was attributable to restricted income funds, with the balance of £88,643 being unrestricted.
## **3. Charitable activities**
|**Unrestricted**
**funds**
**£**
Conference income
97,325
Training income
57,234
154,559|**2023**
**Total**
**£**
97,325
57,234
154,559|**2022**
**Total**
**£**
89,026
69,300|
|---|---|---|
|||158,326|
In 2022 all of the income from charitable activities was attributable to unrestricted income funds.
## **4. Costs of charitable activities - by fund type**
|**Costs of charitable activities - by fund type**|||
|---|---|---|
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Conferences and training
221,850
96,658
221,850
96,658|**2023**
**Total**
**£**
318,508
318,508|**2022**
**Total**
**£**
219,844|
|||219,844|
In 2022 of the costs of charitable activities, £35,129 was attributable to restricted funds, with the balance of £184,715 being unrestricted.
**Page 9**
## **Growing Young Disciples**
## **Notes to financial statements**
## **for the year ended 30 June 2023**
## **5. Costs of charitable activities - by activity**
|**Activities**
**undertaken**
**directly**
**£**
Conferences and training
318,508
318,508|**2023**
**Total**
**£**
318,508
318,508|**2022**
**Total**
**£**
219,844|
|---|---|---|
|||219,844|
|**6.**
**Employees**
**Employment costs**
Wages and salaries
Social security costs
Pension costs|**2023**
**£**
171,980
7,833
5,095
184,908|**2022**
**£**
99,833
11,191
3,103|
|---|---|---|
|||114,127|
No employee received emoluments of more than £60,000 (2022 : None).
## **Number of employees**
The average monthly numbers of employees (including the trustees) during the year, was as follows:
|**2023**|**2022**|
|---|---|
|**Number**|**Number**|
|5|3|
Ms M Lacy, a trustee, received remuneration of £57,000 (2022 - £57,000), under employment contracts in respect of her role as Executive Director. A contribution of £1,710 (2022 - £1,818) was also made to the charity defined contribution pension scheme.
Authority for the trustees' employment is contained within the constitution of the charity.
No trustee received any remuneration in respect of their services as a trustee of the charity.
## **7. Pension costs**
The company operates a defined contribution pension scheme in respect of it's employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and was as follows:
|and was as follows:|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Pension charge|5,095|3,103|
**Page 10**
## **Growing Young Disciples**
## **Notes to financial statements for the year ended 30 June 2023**
|**Fixtures,**
**8.**
**Tangible fixed assets**
**fittings and**
**equipment**
**£**
**Cost**
At 1 July 2022
1,919
Additions
948
At 30 June 2023
2,867
**Depreciation**
At 1 July 2022
482
Charge for the year
716
At 30 June 2023
1,198
**Net book values**
At 30 June 2023
1,669
At 30 June 2022
1,437
**9.**
**Debtors**
**2023**
**£**
Trade debtors
3,604
Other debtors
5,000
8,604
**10.**
**Creditors: amounts falling due**
**within one year**
**2023**
**£**
Trade creditors
6,823
Other taxes and social security
3,216
Other creditors
7,592
Accruals and deferred income
1,704
19,335|**Total**
**£**
1,919
948|
|---|---|
||2,867|
||482
716|
||1,198|
||1,669|
||1,437|
||**2022**
**£**
9,922
9,316|
||19,238|
||**2022**
**£**
6,399
3,402
6,773
1,122|
||17,696|
**Page 11**
## **Growing Young Disciples**
## **Notes to financial statements**
## **for the year ended 30 June 2023**
## **11. Analysis of net assets between funds**
|**Analysis of net assets between funds**||||||
|---|---|---|---|---|---|
||**Unrestricted**||**Restricted**|**Total**||
||**funds**||**funds**|**funds**||
||**£**||**£**|**£**||
|Fund balances at 30 June 2023 as represented by:||||||
|Tangible fixed assets|1,669||-|1,669||
|Current assets|72,839||14,143|86,982||
|Current liabilities|(17,022|)|)
(2,313|(19,335|)|
||57,486||11,830|69,316||
||**Unrestricted**||**Restricted**|**Total**||
||**funds**||**funds**|**funds**||
||**£**||**£**|**£**||
|Fund balances at 30 June 2022 as represented by:||||||
|Tangible fixed assets|1,437||-|1,437||
|Current assets|106,737||-|106,737||
|Current liabilities|(17,696)||-|(17,696)||
||90,478||-|90,478||
## **12. Analysis of movements in unrestricted funds**
||**At**|||||**At**|
|---|---|---|---|---|---|---|
||**1 July**|||||**30 June**|
||**2022**|**Income **|**Expenditure**|**Transfers**||**2023**|
||**£**|**£**|**£**|**£**||**£**|
|General Funds|90,478|213,889|)
(221,850|(25,031|)|57,486|
## **Analysis of movements in unrestricted funds - previous year**
|General Funds|**At**
**1 July**
**2021**
**£**
28,224
28,224|**Income Expenditure**
**Transfers**
**£**
**£**
**£**
246,969
(184,715)
-
246,969
(184,715)
-|**At**
**30 June**
**2022**
**£**
90,478|
|---|---|---|---|
||||90,478|
**Page 12**
## **Growing Young Disciples**
## **Notes to financial statements for the year ended 30 June 2023**
## **13. Analysis of movements in restricted funds**
||**At**|||||**At**|
|---|---|---|---|---|---|---|
||**1 July**|||||**30 June**|
||**2022**|**Income **|**Expenditure**||**Transfers**|**2023**|
||**£**|**£**|**£**||**£**|**£**|
|Restricted Fund|-|83,457|(96,658|)|25,031|11,830|
|**Analysis of movements in restricted funds - previous**||**year**|||||
||**At**|||||**At**|
||**1 July**|**Income **|**Expenditure**|||**30 June**|
||**2021**||||**Transfers**|**2022**|
||**£**|**£**|**£**||**£**|**£**|
|Restricted Fund|575|34,554|(35,129)||-|-|
||575|34,554|(35,129)||-|-|
## **Purposes of restricted funds**
We operate restricted funds for donations that are given specifically to enable us to employ specific staff members. These funds are used to cover payroll and other associated costs incurred in relation to the employment of these individuals.
**Page 13**