OpenCharities

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2023-04-05-accounts

Typeofgoveningdocument Typeofgoveningdocument
Constitution
Howthecharityisconstituted CharitableIncorporatedOrganisation(CIO)
Trusteeselectionmethodsconvenedmeetingofthecharitytrustees.
Everytrustee
mustbeappointedbyaresolutionpassedataproperly
Section C Objectivesandactivities
(A)TOADVANCETHECHRISTIANFAITHFORTHEBENEFITOF
YOUNGPEOPLEINACCORDANCEWITHTHESTATENMENTOF
FAITHAPPEARINGINAPPENDIX1THROUGHOUTTHEWORLD
ANDINPARTICULAR(BUTWITHOUTPREJUDICETOTHE
GENERALITYOFTHEFOREGOING)INPLYMOUTHANDITS
ENVIRONS;
(B)THEADVANCEMENTOFTHECHRISTIANFAITHMAINLY,BUT
NOTEXCLUSIVELYBYMEANSOFPROCLAIMINGCHRISTIAN
MESSAGESOFANEVANGELISTICANDTEACHINGNATURE
THROUGHOUTTHEWORLDANDINPARTICULAR(BUTMTHOUT
PREJUDICETOTHEGENERALITYOFTHEFOREGOING)IN
PLYMOUTHANDITSENVIRONS;
(C)TODEMONSTRATE,PROMOTEANDENCOURAGECHRISTIAN
Summary
oftheobjectsofthe
charitysetoutinits
governing document
VALUES,INCLUDINGDIGNITY,EMPOWERMENTAND
PARTNERSHIPpTOALLYOUNGPEOPLETHROUGHOUTPLYMOUTH
ANDITSENVIRONS;
()THEADVANCEMENTOFTHEEDUCATONOFCHILDRENAND
YOUNGPEOPLETHROUGHSUPPORTANDMENTORINGIN
SCHOOLS, COLLEGESANDOTHEREDUCATIONAL
ESTABLISHMENTS,THROUGHLUNCHTIMEANDAFTERSCHOOL
CLUBS,STREETBASEDYOUTHWORKANDOTHERYOUTH
PROVISIONTODEVELOPTHEIRPHYSICAL,MENTALAND
SPIRITUALCAPACITIES,THATTHEYMAYGROWTOFULL
MATURITYASINDIVTDUALS,ANDTHATTHEIRCONDTIONOFLIFE
MAYBEIMPROVED;
(E)TORELIEVEPOVERTYANDSICKNESSTHEREBY
DEMONSTRATINGTHECHRISTIANFAITHBYPROMOTING
OVERSEASSERVICE,EDUCATION,PRACTICALACTIONAND
WORKINGWITHTHOSEAFFECTED,EITHERDIRECTLYOR
THROUGHRELEVANTRELIEFAGENCIES.
SectionE Financialreview
Brlefstatementofthe
charity'spollcyonreserves
Thetrusteeswillaimtomaintainsufficlentunrestrictedfundsto meetPYFC
expenditureovera 3to6monthperiod.Thesereserveswillbeheldinadeposit
accountwithanethicalbank,earningthehighestrateofinterestpossible.
Ifthereisasignificantreserveitwillbeheldinlowriskandethicalinvestment
fundstoprovidereservesforfuturedevelopmentsandthehighestreturn
possiblebywayofinterestorgrowthinvalueofthefunds.
Thetrusteeswillregularlyreviewtheperformanceofinvestmentsandensure
thatallinterestpaymentsduearerecelved.
AsofSApril2023,ouraccountbalanceis£2400ofwhich£75Oisrestricted
funds.Thereisnosignificantmonthlyexpenditurethatneedstobecoveredby
a setreserveat thismomentandso£1650actsasanunrestrictedreservewhile
PlymouthYouthForChristcontinuestogrow.
Detallsofanyfundsmaterially
in deficit
None
Furtherfinanclalrevlewdetalls (OptlonalInformation)
Youmaychoosetoinclude
additionalinformation,where
relevant about:
Ourregularsupportersincreasedby50%throughout2022/23butour
principalsourceoffundingremainsoneoffdonations,includinga£500
giftfromoneofourprincipalsupporters.
thecharity'sprincipal
sourcesoffunds(induding
anyfundraising):
howexpenditure has
InNovember2022thetrusteesagreedtomove43%ofthetotalincome
todate(£750)intoarestrictedfundinresponsetoadisclosureaboutthe
mannerofthedonorsintent.Thisfundhasbeensetasidetoemploya
fundraiseronatimelimitedcapacitytogrowregularincome.
supportedthekeyobjectives
ofthecharity.
investmentpolicyand
objectivesincludingany
ethicalinvestmentpolicy
Expenditurehascontinuedtohaveminimaladmincosts,butincreased
youthworkhastripledourministrycosts.Youthworkandministry
expensesarenowourlargestoutgoings.
adopted.
SectionF Otheroptionalinformation
TheAnnualReturnandAccounts&TARfor2021/22islistedasbeinglate.Thiswasduetoacombination
ofmisunderstandingthefirst-yearreportingrequirementsandabereavementwithintheteamthatrestricted
thetrusteesfrombeingabletocompletethereportsontime.
ThishasbeenalearningopportunityfortheTrusteesintheinfancyofPlymouthYouthForChristand
actionshavebeentakentoensurefuturereportingisdoneontime.

Plymouth Youth For Christ Financial Report - 2022/23

(6 April 2022 - 5 April 2023)

Income

£ 1,278.62 Total Income 2022/23

Expenses

Balance at 5 Apr 2022 £ 1,769.89 Balance at 5 Apr 2023 £ 2,400.17