## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
# **FOR THE YEAR ENDED 31ST AUGUST 2024**
## **Youth With A Mission Holmsted Ministries**
**(Charitable Incorporated Organisation) CHARITY REGISTRATION NUMBER 1184255**
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024**
||**Page**|
|---|---|
|**Legal and Administrative Information**|3|
|**Trustees' Report**|4 to 7|
|**Independent Examiner's Report on the Accounts**|8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Notes to the Accounts**|11 to 17|
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER**
1184255
**WORKING NAMES**
YWAM HOLMSTED MINISTRIES
**START OF FINANCIAL YEAR** 1st September 2023 **END OF FINANCIAL YEAR** 31st August 2024 **TRUSTEES AT 31 AUGUST 2024** Laura Mudd Raphael Hartmann Rachel Burnet (not stood for re-election 4 December 2023) Stephen Bishop (resigned 7 August 2024) Bruce Goodwin (resigned 8 September 2023) Alexandra Allen (resigned 1 September 2024) Abigal Barnes (elected 28 October 2024)
The existing trustees appoint any new trustees following the provisions laid out in the CIO's governing instrument.
**GOVERNING INSTRUMENT** CIO - FOUNDATION REGISTERED 04 JUL 2019 AMENDED ON 18 OCT 2021
## **REGISTRATION DATE**
04 July 2019: CIO registration
## **OBJECTS**
(1) TO ADVANCE THE CHRISTIAN FAITH WORLDWIDE BY, BUT NOT EXCLUSIVELY BY, TEACHING OF THE BIBLE, WORSHIP AND PRAISE, EVANGELISM, STUDY, PRAYER, CHILDREN AND YOUTH WORKS AND COMMUNITY SERVICE;
(2) TO RELIEVE POVERTY BOTH IN THE UK AND OVERSEAS BY ANY MEANS SUCH AS ACTS OF SERVICE, GIFTS, DONATIONS, CONTRIBUTIONS, LOANS AND ADVANCES WITH OR WITHOUT INTEREST;
(3) TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED TO THE CHARITABLE WORK OF THE CHARITY AS THE TRUSTEES FROM TIME TO TIME SHALL DETERMINE.
**PRINCIPAL OFFICE** Holmsted Manor Staplefield Road Cuckfield West Sussex RH17 5JF **PRIMARY BANKERS** CAF Bank Ltd 25 Kings Hill Kings Hill West Malling Kent ME19 4JQ **INDEPENDENT EXAMINER** Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
3
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) TRUSTEES' REPORT FOR THE YEAR ENDED 31ST AUGUST 2024**
The trustees present the annual report together with the financial statements of the charity for the year ended 31
## **Structure, governance and management**
## _**Nature of governing document**_
Youth With A Mission Homsted Ministries is a registered charity, number 1184255, and is established as a Charitable Incorporated Organisation under a constitution dated 4 July 2019.
## _**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 constitution.
## _**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.
## **Objectives and activities**
## _**Objects and aims**_
The objects of the charity are:
- To advance the Christian faith worldwide by, but not exclusively by, teaching of the Bible, worship and
- To relieve poverty both in the UK and overseas by any means such as acts of service, gifts, donations, contributions, loans and advances with or without interest;
- To fulfil such other purposes which are exclusively charitable according to the law of Engalnd and Wales and are connected to the chaitable work of the charity as the trustees from time to time shall determine.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2022 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
4
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31ST AUGUST 2024**
## **Achievements and performance**
## _**Review of activities**_
## **Holmsted Manor:**
## **Preamble**
2024 has been another year full of the unexpected. In the midst of God doing a “new thing” (Isaiah 43:19), there have been massive changes to our team and ministries. Over the past year we have said goodbye to thirteen of our team members. We celebrate the new things that God has called each of them on to. At Holmsted there are currently four staff, with one away at the moment doing a BCC.
## **Training**
The September 2023 DTS ran with six trainees.The DTS went on outreach to Argentina and Wrexham.
January saw our second Foundations of Counselling Ministry course (FCM) with six trainees. It was a blessing to have Terra come again to lead the course, assisted for several weeks by two of her friends from YWAM Salem.
During the summer we sent out two teams of young people through Mission Adventures, with a total of eighteen young people being involved. A team of four youth worked with YWAM Costa Tropical in Spain while a team of fourteen youth served with a mission partner in Bidache, France.
## **Outreach and Partnerships**
Most weeks we were continued to be found in Crawley and Cuckfield engaging with people in conversations about faith.
In August, Crossover approached us saying that service of the ministry would stop the first weekend in September. We have loved being a part of the ministry and being able to serve a hot breakfast to the street community in Brighton throughout the past few years.
Before Christmas 2023 we hosted our annual ‘Live Nativity’ and ‘Carols at the Manor’ events and on Good Friday our annual ‘Easter Egg Hunt’ which were all well attended by the local community. Partnership with the Easter Team foodbank and Love Your Neighbour Crawley continues well until the summer of 2024 when we had to stop due to changes in team member numbers.
## **Hosting Events**
Through our Coach House facility, we have welcomed several church retreats and gatherings, as well as provided space for churches to have ‘Away Days’ as part of their Alpha Courses.
We’ve also had the privilege to host YWAM-related events such as the DTS Workshop in November 2023, two modules of the Intensive to Christian Formation and Discipleship (ICFD), and the debrief week of Circuit Rider’s European ‘tour’.
## **Closing Remarks**
As Kim and the Hartmanns prepare for their sabbaticals, the future of Holmsted remains uncertain but we do believe that God is working and moving in the midst of the unknown. We feel very strongly that God is not done with this place and that Holmsted and its grounds are meant to be used for the Kingdom of God.
## **Thanet:**
Aside from our formal YWAM Thanet ministry connections, we all attend and serve within the local church & are members of church fellowships.
We continue to have other formal partnerships with Worship 24-7 Network Thanet (formerly BURN 247), Tehilla Prayer House, Ramsgate Sailors Church, St Luke’s Church Ramsgate & The Vale URC. Lucy & Beulah have also continued to be part of the Thanet wide pastors fraternity group.
5
## **Youth With A Mission Holmsted Ministries**
## **(Charitable Incorporated Organisation) TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST AUGUST 2024**
## **Gather**
Gather has continued throughout the year, we have had one of our core team members step down as her work commitments have changed. We are continuing to have new women joining the group, but it remains a quite intimate group. We would like to see expansion in the next year so that we can broaden the community which the women join. We also continue to participate in the local Christmas tree festival & Valentines events.
We took a pause from running the Digital SkillsWorkshops, as our team didn’t feel that it was the best use of our time and capacity.
## **ESOL THANET YWAM**
We continue to run free English classes & a ‘Conversation Cafe, led by Beulah. We have expanded these classes, and now have 35 learners within four levels. We would like to expand the Conversation Café into Margate.
The ESOL group hosted an International Food Fayre partnership with The Vale URC church. All of the students cooked food from their home country and with approximately 100 guests. It was such a success and we will repeat the event in 2025.
We continue to share our faith personally and our biblical Christian values throughout school. A couple of the learners have joined us for morning worship, prayer, and one has explicitly asked to know more about Jesus and Faith.
## **Prayer and intercession**
Throughout the year, we have worked to invite the local church to join us in corporate times of prayer and
- CELEBRATE THE NATIONS (monthly)
- Election day prayer
- National Week of Prayer
We continue to want to engage the upcoming generations in faith.
- This year we expanded the Way of St Augustine pilgrimage, to local youth.
- We took a group of 10 people The Send Wembley Arena
-
- We worked with some of the youth to help to plan and host the generational intercession time during the National Week of Prayer.
We continue within the arts to develop ministry (creativity & hospitality); and as an extension of prophetic worship, intercession & evangelism- at The Sailors Church, Worship 24/7 & David’s Tent.
Beulah went to South Africa in October 2024 to run a ministry event, Father’s Table; she was supported by a ministry team from YWAM Worcester. It was a very successful event, and we hope to see this multiplied.
We have a new team member YWAM joining our team in the new year. Our ministry hub (office) will move at sometime in the next few months.
Students from John Brown University in the USA are currently designing us a new logo, which we hope will enable us to better communicate our ministry and vision going forward.
We continue to pursue ongoing connections with YWAM Holmsted Manor, we welcomed a visit from trustee Laura Mudd, Kim was with us as an Augustine Pilgrim, we visited & served at Holmsted in April, and joined in with the community days in September.
## **Financial Review**
Total incoming resources for the period were £237,160 (2022/23: £242,417) of which £236,057 was unrestricted income (2022/23: £232,235). Total resources expended were £182,001 (2022/23: £200,036) of which £180,696 was unrestricted expenditure (2022/23: £189,584). A full review of the financial position of the charity can be found on the attached financial statements.
The surplus was added to funds brought forward leaving an unrestricted fund balance of £210,601 (2022/23 £155,239) and restricted reserves of £742 (2022/23 £944) at the year end.
6
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST AUGUST 2024**
## **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.
## **Policy on reserves**
Our aim is to hold a reserve of £10,000. The Trustees consider that reserves at this level will ensure that in a time of crisis we will be able to fulfill our financial obligations with enough time to recover financially or reduce our monthly
## **Responsibiities of Trustees**
The Charities Act 2022 requires the Board of 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 its incoming resources and resources expended for the period. In preparing those financial statements, the Board of Trustees should follow best practice and are required to;
- select suitable accounting policies and apply them consistently
- make judgments and estimates that are reasonable and prudent
- comply with applicable accounting standards subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2022. 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 and to provide reasonable assurance that:-
- the charity is operating efficiently and effectively
- all assets are safeguarded against unauthorised use or disposition and are properly applied
- proper records are maintained and financial information used within the charity or for publication is reliable
- the charity complies with relevant laws and regulations
The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss.
Approved by the Trustees on….....................................
Signed on their behalf by Trustee …..............................
Printed Name:
7
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024**
Report to the trustees/ members of Youth With A Mission Holmsted Ministries on the accounts for the year ended 31s 2024.
## **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 of the Charities Act 2022 and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2022 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 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 the 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
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and 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
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 6th December 2024
8
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024**
|**Notes**
Donations & Legacies
**3a**
Charitable Activities
**3b**
**TOTAL INCOMING RESOURCES**
**EXPENDITURE**
Charitable Activities
**4**
**NET INCOME/ (EXPENDITURE)**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**
**5**
**TOTAL EXPENDITURE**
Prior year adjustment
**NET MOVEMENT IN FUNDS**
**TRANSFERS BETWEEN FUNDS**
**INCOME AND ENDOWMENTS :**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2023/24**
**2022/23**
£
£
**£**
**£**
55,043
386
55,429
7,419
181,014
717
181,731
234,998|
|---|---|
||**236,057**
**1,103**
**237,160**
**242,417**|
||180,696
1,305
182,001
200,036|
||**180,696**
**1,305**
**182,001**
**200,036**|
|||
||**55,361**
**(202)**
**55,159**
**42,381**
-
-
-
-|
||**55,361**
**(202)**
**55,159**
**42,381**|
||155,239
944
156,183
113,801
1
0
1
2|
||**210,601**
**742**
**211,343**
**156,183**|
All of the Charity's operations are classed as continuing operations.
The notes form part of these financial statements, found on pages:11 to 17
9
## **Youth With A Mission Holmsted Ministries**
## **(Charitable Incorporated Organisation) BALANCE SHEET AS AT 31 AUGUST 2024**
|**Assets**
Notes
Tangible Assets
**2**
**Current Assets**
**8**
**7**
**Total Current Assets**
**9**
**10**
**6**
Restricted funds
**TOTAL FUNDS**
**Unrestricted income funds**
Debtors & Prepayments
Cash at bank and in hand
**Creditors:**amounts falling due
within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**Creditors:**amounts falling due in more
one year
**Restricted income funds**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted funds|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Aug-24**
**31-Aug-23**
£
£
**£**
**£**
-
-
-
-|
|---|---|
||-
-
-
-|
||24,617
-
24,617
26,390
187,106
742
187,848
137,019|
||**211,723**
**742**
**212,465**
**163,409**|
||1,122
-
1,122
7,226
210,601
742
211,343
156,183|
||**210,601**
**742**
**211,343**
**156,183**
-
-
-
-|
||**210,601**
**742**
**211,343**
**156,183**|
||210,601
-
210,601
155,239
-
742
742
944|
||**210,601**
**742**
**211,343**
**156,183**|
The financial statements were approved, authorised and signed on their behalf by: Approved by the Trustees on ….................................... Signed on their behalf by Trustee ….............................. Print Name: …..............................
The notes on pages 11 to 17 form an integral part of these financial statements.
10
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024**
## **1. ACCOUNTING POLICIES**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2022.
## **Basis of preparation:**
Youth With A Mission Holmsted Ministries meets the definition of a public benefit entity under FRS102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the CIO'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.
## **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.
## **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.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **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.
This page does not form part of the statutory financial statements
11
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024**
## **1. ACCOUNTING POLICIES (continued)**
## **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.
## **Liabilitie**
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 discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **2. TANGIBLE FIXED ASSETS**
The CIO held no fixed assets investments during this or the previous financial period.
This page does not form part of the statutory financial statements
12
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024**
## **3. INCOMING RESOURCES**
|Note
**b) Incoming from Charitable Activities**
Training income
Hospitality and facility hire
Ministries
Operational
Contribution to expenses
Reimbursement of expenses
Other income
Sales
**a) Donations & Legacies**
Donations|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2023/24**
**2022/23**
£
£
**£**
**£**
55,043
386
55,429
7,419|
|---|---|
||**55,043**
**386**
**55,429**
**7,419**|
||60,236
-
60,236
82,088
32,028
-
32,028
23,484
3,218
717
3,936
14,432
3,480
-
3,480
4,314
54,036
-
54,036
63,034
8,273
-
8,273
21,903
19,602
-
19,602
25,021
141
-
141
722|
||**181,014**
**717**
**181,731**
**234,998**|
This page does not form part of the statutory financial statements
13
## **Youth With A Mission Holmsted Ministries**
## **(Charitable Incorporated Organisation) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024**
## **4. RESOURCES EXPENDED**
|**4. RESOURCES EXPENDED**||
|---|---|
|Note
Training
Household and hospitality
Ministry and outreach
Vehicle costs
Operational
Equipment
Reimbursable expenses
Gifts given
Sundry
**Governance costs:-**
Independent Examiner Fee
Professional Services
Insurance
Communication
**a) Charitable Activities**
Building and ground maintenance
Ulitities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2023/24**
**2022/23**
£
£
**£**
**£**
27,074
-
27,074
11,581
54,443
-
54,443
59,519
28,854
-
28,854
25,376
20,935
-
20,935
27,875
2,298
602
2,900
12,591
7,840
-
7,840
10,636
2,815
-
2,815
2,882
1,189
-
1,189
3,216
6,311
-
6,311
6,301
11,772
-
11,772
11,357
2,305
-
2,305
2,213
8,273
-
8,273
21,869
3,711
703
4,414
1,556
1,856
-
1,856
2,104
1,020
-
1,020
960|
||**180,696**
**1,305**
**182,001**
**200,036**|
This page does not form part of the statutory financial statements
14
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024**
## **5. RESTRICTED FUNDS**
## **CURRENT FINANCIAL YEAR**
|**Unrestricted Funds**
**General**
General Funds
**Restricted Funds**
**Total Funds**
Specific gifts
Lodgehouse|**Balance**
Gains &
**Balance**
**01-Sep-23**
Income
Expenditure
(Losses)
Transfer
**31-Aug-24**
£
£
£
£
**£**
155,238
236,058
(180,695)
-
-
210,600
584
1,103
(1,305)
-
-
382
360
-
-
-
-
360|
|---|---|
||**944**
**1,103**
**(1,305)**
**-**
**-**
**742**|
||**156,182**
**237,161**
**(182,000)**
**-**
**-**
**211,343**|
## **Restricted funds**
Specific gifts represent donations received for specific workers or ministries. The Lodgehouse fund is for the purchase of the building.
## **PREVIOUS FINANCIAL YEAR**
|**Unrestricted Funds**
**General**
General Funds
**Restricted Funds**
**Total Funds**
Specific gifts
Lodgehouse|**Balance**
Gains &
**Balance**
**01-Sep-22**
Income
Expenditure
(Losses)
Transfer
**31-Aug-23**
£
£
£
£
**£**
155,239
232,325
(189,584)
-
-
197,979
944
10,092
(10,452)
-
-
584
360
-
-
-
-
360|
|---|---|
||**1,304**
**10,092**
**(10,452)**
**-**
**-**
**944**|
||**156,543**
**242,417**
**(200,036)**
**-**
**-**
**198,923**|
## **6. ANAYLYSIS OF NET ASSETS BETWEEN FUNDS**
|Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|Unrestricted
Restricted
**Total funds**
Funds
Funds
**31-Aug-24**
£
£
**£**
211,723
742
212,465
(1,122)
-
(1,122)|
|---|---|
||210,601
742
211,343|
||Unrestricted
Restricted
**Total**
Funds
Funds
**31-Aug-23**
£
£
**£**
162,465
944
163,409
(7,226)
-
(7,226)|
||155,239
944
156,183|
This page does not form part of the statutory financial statements
15
## **Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024**
## **7. INVESTMENTS**
The CIO held no investment assets during this or the previous financial period.
## **7. CASH AT BANK AND IN HAND**
|**7. CASH AT BANK AND IN HAND**||
|---|---|
|CAF
Holmsted Branch Cash
PayPal
Petty Cash
Training Transferwise|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Aug-24**
**31-Aug-23**
£
£
**£**
**£**
184,034
742
184,776
133,001
113
-
113
43
571
-
571
597
2,311
-
2,311
2,977
77
-
77
401|
||187,106
742
187,848
137,019|
## **8. DEBTORS AND PREPAYMENTS**
||Unrestricted|Restricted||**Total**|**Total**|
|---|---|---|---|---|---|
||Funds|Funds||**31-Aug-24**|**31-Aug-23**|
||£|£||**£**|**£**|
|Trade debtors|24,617||-|24,617|26,390|
||**24,617**||**-**|**24,617**|**26,390**|
|**9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
||Unrestricted|Restricted||**Total**|**Total**|
||Funds|Funds||**31-Aug-24**|**31-Aug-23**|
||£|£||**£**|**£**|
|Trade Creditors|102||-|102|5,306|
|Accruals - Independent Examiner's Fee|1,020||-|1,020|1,920|
||**1,122**||**-**|**1,122**|**7,226**|
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**Youth With A Mission Holmsted Ministries (Charitable Incorporated Organisation) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024**
## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The CIO held no long term liabilities during this or the previous financial period.
## **11. STAFF COSTS AND NUMBERS**
The CIO employed no members of staff during this or the previous financial period.
## **12. TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to trustees or any persons connected with them during this financial period. The only payments made to the trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects:- Laura Mudd received £265.60, Raphael Hartmann received £1011.34 and Stephen Bishop received £9. No material transaction took place between the organisation and a trustee or any person connected with them. (2023 - None)
## **13. RISK ASSESSMENT**
The Trustees actively review the major risks which the CIO faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **14. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
## **15. PUBLIC BENEFIT**
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
This page does not form part of the statutory financial statements
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