| Page | ||
|---|---|---|
| Directors' annual report (incorporating the director's |
report) | |
| Independent examiner's report to the directors |
||
| Statement offinancial activities {including income and | ||
| expenditure account) |
||
| Statement offinancial position |
||
| Notes to the financial statements | ||
| The following pages do not form part ofthe financial statements |
||
| Detailed statement offinancial activities |
1S | |
| Notes to the detailed statement offinancial activities |
| Registered | charity | name | name | National Young Life Campaign |
Trust Limited | |
|---|---|---|---|---|---|---|
| Charity registration | number | 207899 | ||||
| Company | registration | number | 349294 | |||
| Principal office and | registered | 35Shelley Close | ||||
| oNce | Bromsgrove | |||||
| Worcestershire | ||||||
| B61 ONQ | ||||||
| The directors | Prof. STaylor | |||||
| Mr A Steele | (Retired 31 December 2022) | |||||
| Mr J Duffin | ||||||
| MrJ M Green | ||||||
| iUir H C Martin | ||||||
| Mr SJWright | ||||||
| Mr A Wells | ||||||
| Company | secretary | Alan Wells | ||||
| Independent | examiner | Mr G Maitocks FCA | ||||
| 18Mulberry Avenue |
||||||
| Turnstone Business Park |
||||||
| Widnes | ||||||
| Cheshire | ||||||
| WA8 OWN |
| Year ended | 31 December 2022 | 31 December 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | ||||||
| Unrestricted | Restricted | Endowment | ||||
| funds | funds | funds | Totalfunds | Total funds | ||
| Note | f. | |||||
| Income and endowments | ||||||
| Oonations and legacies |
4 | 105,911 | 105,911 | 86,961 | ||
| investment income |
5 | 6,949 | 200 | 7,149 | 8,070 | |
| Total income | 112,860 | 200 | 113,060 | 95,031 | ||
| Expenditure | ||||||
| Expenditure on |
||||||
| charitable activities |
6,7 | 157,713 | 850 | 158,563 | 114,540 | |
| Total expenditure | 157,713 | 850 | 158,563 | 114,540 | ||
| Net losses on | ||||||
| investments | & | (14,180) | (14,180) | |||
| Net expenditure | (59,033) | (650) | (59,683) | (19,509) | ||
| Transfers between funds | 1,750 | (1,750) | ||||
| Other recognised gains | and | losses | ||||
| Fair value movements | (21,064) | (350) | (8,826) | (30,240) | 18,390 | |
| Net movement in funds |
(78,347) | (2,750) | (8,826) | (89,923) | (1,119) | |
| Reconciliation offunds |
||||||
| Total funds brought forward | 408,609 | 7,336 | 76,953 | 492,898 | 494,01? | |
| Total funds carried forward | 330,262 | 4,586 | 68,127 | 402,975 | 492,898 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| F | ||||||
| Fixed assets | ||||||
| Investments | 430,604 | |||||
| Current assets | ||||||
| Debtors | 13 | 1,503 | 552 | |||
| Cash at bank | and in | hand | 57,913 | 63,182 | ||
| 59+16 | 63,734 | |||||
| Creditors: amounts | falling due within one year | 14 | 2,825 | 1,440 | ||
| Net current | assets | 56,791 | 62,294 | |||
| Total assets | less current liabilities | 402,975 | 492,898 | |||
| Net assets | 402,975 | 492,898 | ||||
| Funds ofthe charity Endowment funds |
SS,127 | 76,953 | ||||
| Restricted funds | 4,588 | 7,336 | ||||
| Unrestricted | funds | 330,282 | 408,609 | |||
| Total charity | funds | 402,975 | 492,898 |
| Unrestricted | Restricted | Total Funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||||||||
| Income from | listed investments | 8,070 | 8,070 | ||||||||
| 6. | Expenditure | on | charitable | activities by | fund | type | |||||
| Unrestricted | Restricted | TotalFunds | |||||||||
| Funds | Funds | 2022 | |||||||||
| Direct charitable | activities | 156,243 | 850 | 157,093 | |||||||
| Support costs | 1,470 | 1,470 | |||||||||
| 157,713 | 850 | 158,563 | |||||||||
| Unrestricted | Restricted | Total Funds | |||||||||
| Funds | Funds | 2021 | |||||||||
| Direct charitable | activities | 112,030 | 350 | 112,380 | |||||||
| Support costs | 2,160 | 2,160 | |||||||||
| 114,190 | 350 | 114,540 | |||||||||
| 7. | Expenditure | on | charitable | activities by | activity type | ||||||
| Activities | |||||||||||
| undertaken | Support | Total funds | Total fund | ||||||||
| directly | costs | 2022 | 2021 | ||||||||
| Direct charitable | activities | 157,093 | 157,093 | 112,3&0 | |||||||
| Governance costs | 1,470 | 1,470 | 2,160 | ||||||||
| 157,093 | 1,470 | 158,563 | 114,540 | ||||||||
| 8. | Net losses on investments | ||||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2022 | Funds | 2021 | ||||||||
| Gains/(losses) | on listed investments | (14,180) | (14,180) | ||||||||
| 9. | Independent | examination | fees | ||||||||
| 2022 | 2021 | ||||||||||
| F | |||||||||||
| Fees payable | to | the independent | examiner for: | ||||||||
| Independent | examination | ofthe | financial statements | 1,440 | 1,440 | ||||||
| Other financial services | 720 | ||||||||||
| 1,440 | 2,160 |
| Listed | |
|---|---|
| investments | |
| Cost or valuation | |
| At 1 January 2022 | 430,604 |
| Additions | |
| Disposals | (40,000) |
| Fair value movements | (44,420) |
| At 31December 2022 | 346,1&4 |
| Impairment | |
| At 1January 2022 and 31 December 2022 |
|
| Carrying amount At 31 December 2022 |
346,'I&4 |
| At 31 December 2021 | 430,604 |
| Creditors: amounts falling due within one year |
||
|---|---|---|
| 2022 | 2021 | |
| Accruals and deferred income | 1,440 | 1,440 |
| Social security and other taxes | 1,185 | |
| 2,625 | 1,440 |
| Gains and | ||||||
|---|---|---|---|---|---|---|
| At 1 Jan 2022 | Income | Expenditure | Transfers | losses | At 31Dec 2022 | |
| f, | F | |||||
| General funds | 362,242 | 112,860 | (157,713) | 27,053 | (14,180) | 330,262 |
| Fair value reserve | 46,367 | (25,303) | (21,064) | |||
| 408,60S | 112,860 | (157,713) | 1,750 | (35,244) | 330,262 | |
| Gains and | ||||||
| At 1 Jan 2021 | Income | Expenditure | Transfers | losses | At 31 Dec2021 | |
| F | ||||||
| General funds | 381,401 | 95,031 | (114,190) | 362,242 | ||
| Fair value reserve | 37,780 | 8,587 | 46,367 | |||
| 41S,181 | 95,031 | (114,190) | 8,58? | 408,609 |
| Restricted | funds | ||||||
|---|---|---|---|---|---|---|---|
| Gains and | |||||||
| At 1 Jan 2022 | Income | Expenditure | Transfers | losses | At 31Dec 2022 | ||
| F.8 A. Wood | |||||||
| Scholarship Fair value |
Fund reserve |
5,571 1,765 |
200 | (850) | (1,750) | (350) | 3,1?1 1,415 |
| 7,336 | 200 | (850) | (1,750) | (350) | 4,586 | ||
| Gains and | |||||||
| At 1 Jan 2021 | Income | Expenditure | Transfers | losses | At 31 Dec2021 | ||
| f. | |||||||
| F.8 A. Wood | |||||||
| Scholarship Fair value |
Fund reserve |
5,921 1,392 |
(350) | 3?3 | 5,571 1,765 |
||
| 7,313 | (350) | 373 | 7,336 |
| Endowment fund |
s | |||||||
|---|---|---|---|---|---|---|---|---|
| Gains and | ||||||||
| At | 1 Jan 2022 | Income | Expenditure | Transfers | losses | At 31Dec 2022 | ||
| Endowment | ||||||||
| Funds Fair value reserve |
35,738 41,215 |
491 (491) |
(8,826) | 36,229 31,898 |
||||
| 76,953 | (8,826) | 68,127 | ||||||
| Gains and | ||||||||
| At | 1 Jan 2021 | Income | Expenditure | Transfers | losses | At | 31 Dec2021 | |
| F | F | |||||||
| Endowment | ||||||||
| Funds Fair value reserve |
35,738 31,785 |
9,430 | 35,738 41,215 |
|||||
| 67,523 | 9,430 | 76,953 |
| Analysis ofnet as | sets between | funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | ||
| 276,448 | 2,658 | 67,078 | 346,184 | ||
| 56,439 | 1,928 | 1,049 | 59,416 | ||
| (2,625) | (2,625) | ||||
| Net assets | 330,262 | 4,586 | 68,127 | 402,975 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| F | |||||
| Investments | 351,692 | 3,008 | 75,904 | 430,604 | |
| Current assets | 58,357 | 4,328 | 1,049 | 63,734 | |
| Creditors less than | 1 year | (1,440) | (1,440) | ||
| Net assets | 408,609 | 7,336 | 76,953 | 492,898 |
| Year ended 31 Dece | mber 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Income and endowments | |||
| Donations and legacies Donations |
41,045 | 48,239 | |
| Gift aid tax reclaimed | 1,503 | ||
| Legacies Literature, Subscriptions 8 Sales Young Life Holiday Contributions Events, Training &Conferences |
4,384 44,445 14,534 |
8,150 4,128 22,977 3,467 |
|
| 105,911 | 86,961 | ||
| Investment income |
|||
| Income from listed investments | 7,149 | 8,070 | |
| Total income | 113,060 | 95,031 | |
| Expenditure | |||
| Expenditure on charitable Wages and salaries Other establishment |
activities | 49,608 2,779 |
56,262 1,593 |
| Other motor/travel costs |
6,537 | 3,646 | |
| Legal and professional fees Telephone Other office costs |
1,470 2333 |
2,160 755 3,876 |
|
| Events, training &conferences Printing 8 other costs |
31,841 4,681 |
5,907 4,939 |
|
| Young life holiday costs Branch administration costs |
48,734 10,580 |
18,224 17,178 |
|
| 'I58,563 | 114,540 | ||
| Total expenditure | 158,563 | 114,540 | |
| Net losses on investments | |||
| Gains/(losses) on listed investments |
(14,180) | ||
| Net expenditure | (59,683) | (19,509) |
| Year ended 31 Decem | ber 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Expenditure on charitable |
activities | ||
| Direct charitable activities |
|||
| Activities undertaken directly Personnel costs |
49,608 | 56,262 | |
| Building, rent and insurance Other motoritravel costs |
2,779 6,537 |
1,593 3,646 |
|
| Telephone Other office costs |
2,333 | 755 3,876 |
|
| Events, training and conferences Printing and other costs Young life holiday costs Branch administration costs |
31,&41 4,681 48,734 10,580 |
5,907 4,939 18,224 17,178 |
|
| 157,093 | 112,380 | ||
| Governance costs | |||
| Accountancy fees Legal and other professional |
fees | 1,470 | 1,440 720 |
| 1,470 | 2,160 | ||
| Expenditure on charitable |
activities | 158,563 | 114,540 |