##
##
##
##
|||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|