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2020-08-31-accounts

2020 Trustees’ Annual Report

Youth with A Mission Limited

(A company limited by guarantee) Registration number: 01049516 Charity number: 264078

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Contents

Contents ..................................................................................................................................................................................... 1 Legal and Administrative Details .................................................................................................................................................. 2 Trustees' Report .......................................................................................................................................................................... 3 The Chairman's Statement .......................................................................................................................................... 3 Objectives, Strategies and Activities ............................................................................................................................. 4 Public Benefit .............................................................................................................................................................................. 6 Fundraising Standards Information ............................................................................................................................... 6 Fundraising Standards Information (continue) ................................................................................................................ 7 Investment Policy and Performance .............................................................................................................................. 7 Financial Review ................................................................................................................................................................. 7 Structure, Governance and Management ...................................................................................................................... 8 Governing Document and Body ........................................................................................................................................... 8 Method of Appointment or Election of Trustees .................................................................................................................... 8 Organisational Management ................................................................................................................................................ 8 Organisation Structure and Decision Making .................................................................................................................. 9 Governance ........................................................................................................................................................................ 9 Risk Management ...................................................................................................................................................... 9 Plans for The Future .............................................................................................................................................. 10 Statement of 'Trustees' Responsibilities....................................................................................................................... 11 Independent Examiner's report .................................................................................................................................................. 12 Statement of Financial Activities ................................................................................................................................................ 13 Balance Sheet ........................................................................................................................................................................... 14 Statement of Cash Flows ........................................................................................................................................................... 15 Notes to the Financial Statements .............................................................................................................................................. 16

Page 1 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Legal and Administrative Details

of the company, its trustees and Advisers for the year ended 31st August 2020

Trustees and Directors: Chairman Peter Irwin-Clark (to 25th November 2019)
Chairman Henry Clarke (from 25th November 2019)
Lynn Green
John Braithwaite
Yingli Gong
Michael L Green (appointed on 15th June 2020)
Philip J Leage (appointed on 15th June 2020)
Stephen Mayers (to 30th September 2020)
Carl Tinnion (to 16th April 2020)
Mark Vening (to 9th November 2019)
Dale Lambert (to 25th November 2019)
Jemimah Wright (to 25th November 2019)
Dolly Waddell (to 25th November 2019)
Company registered number 01 04951 6
Charity registered number 264078
Registered office: Highfield Oval,
Ambrose Lane Harpenden
Hertfordshire AL5 4BX
Independent auditors: David Green MA (Cantab) ACA
Azets
Anglo House
Bell Lane Office Village, Bell Lane
Amersham
Buckinghamshire
HP6 6FA
Bankers: National Westminster Bank plc
16 The Boulevard
Crawley
West Sussex
RH10 1XU
Solicitors: Neves Solicitors LLP
Tollgate House
69-71 High Street
Harpenden
Hertfordshire
AL5 2SL

Page 2 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Trustees' Report

for the year ended 31st August 2020

The Trustees present their annual report and the company's audited financial statements from 1st September 2019 to 31st August 2020. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts following the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Chairman's Statement

The decentralisation of the activities of Youth With A Mission in England is very nearly complete. Since 2015, Youth With A Mission Limited (YWAM Ltd.) has established nine daughter charities and set up a new Charitable Incorporated Organisation (CIO), Youth With A Mission England (YWAM England). The new CIO has held its inaugural meeting.

YWAM England is the new legal entity from which national initiatives involving most or all daughter charities will operate. Youth With A Mission Limited will continue to hold the significant property interests and intellectual assets of Youth With A Mission in England. It will no longer oversee mission operations but support YWAM England to manage the name licensing of "Youth With A Mission (YWAM)". It will also jointly manage building-related maintenance and upgrade projects with daughter charities currently occupying its freehold properties.

Youth With A Mission Limited will assist YWAM England initially with its early activities. It will source some funding to enable the new CIO to undertake its role and responsibilities effectively. Our estimated timeframe for transferring national initiatives and operations to YWAM England could take up to 2 years.

Youth With A Mission Limited and YWAM England are separate and independent registered charities that relate to one another through an agreement of common purposes. Youth With A Mission Limited is responsible for the ownership of property assets, other tangible and intangible assets, and Youth With A Mission ministries and operations resources. YWAM England is responsible for assisting the daughter charities and serving national initiatives. The daughter charities retain responsibility for the stewardship of Youth With A Mission Limited property used for ministry purposes under management agreements.

Acknowledging the revised role and responsibilities of Youth With A Mission Limited, the company has reduced its numbers of directors and members following the Company’s Articles of Association. The Board of directors comprises experienced people with the requisite skills to ensure effectiveness and good stewardship going forward.

During this financial year, Youth With A Mission Limited concluded the sale of one of its assets, a sailing ship named "Next Wave", to another ministry organisation, Pacific Hope Global. The new owner has deployed the vessel to the Caribbean for training, relief and development purposes.

Finally, I take this opportunity to thank board members and Youth With A Mission volunteers for working tirelessly to complete the complex decentralisation of Youth With A Mission operations and organisational structure. The mission is sufficiently motivated and well placed to successfully bring forward its vision and purposes in the years ahead.

Henry Clarke

Henry Clarke

Chairman

Page 3 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Trustees Report (Continued)

for the year ended 31st August 2020

Objectives, Strategies and Activities

The updated objectives of Youth With A Mission Limited are as the following:

To achieve the objectives above, Youth With A Mission Limited has implemented the following strategies:

All nine daughter charities have agreed to the YWAM common purposes and committed to upholding Youth With A Mission's values.

All daughter charities occupying such assets have signed management agreements to protect, upkeep and upgrade the buildings/sites in which they base.

Page 4 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Trustees Report (Continued)

for the year ended 31st August 2020

Youth with a Mission Limited will continue to support its associated charities to achieve these shared objectives and strategies in three main areas: training, evangelism and mercy ministries :

Training

Objectives:

Strategy:

Achieved:

Evangelism and Mercy Ministries

Objective:

Strategy:

Page 5 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Trustees Report (Continued) for the year ended 31st August 2020

Achieved:

Public Benefit

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the document: "Public benefit: running a charity (PB2)". The trustees confirm that the Charity has complied with its duty under section 4 of the 2011 Charities Act and have considered how planned activities will contribute to the aims and objectives we have set.

Supporting Community

Since 2015, the Charity has been carrying out its organisational restructuring plan, supported several operations to establish independent YWAM charities in England and Wales. Their separate management teams carry the common purpose, beliefs, and values of YWAM and continue to serve their local communities’ needs. The Charity continues to support and coordinate its operations based in York, meeting their local communities’ needs.

Supporting Overseas work

The Charity provides support and resources for people and teams working with YWAM in other nations. It is part of a network of ministries known as YWAM International. This network recruits and trains people for YWAM operating locations globally. It co-operates with YWAM International's work overseas. Each global operating site or organisation is separate and independent with no legal, financial or interdependency existing with YWAM Limited.

Through YWAM UK charities, approximately 350 British volunteers based overseas are receiving recommendation relate to tax, national insurance, health insurance, briefing and debriefing services as required. At YWAM, we are committed to helping refugees across Europe and the Middle East, especially Syrian refugees. The Charity also continued to support several YWAM locations around the world financially.

Fundraising Standards Information

The Trustees have approved a fundraising strategy prepared by the national operation team. The plan has taken into consideration the Charity's income streams and the approach taken for each activity. This strategy considers the best practice and current standards. With the introduction of GDPR from 25th May 2018, the Trustees have reviewed and, where appropriate, revised our policies and procedures, including data capture, complaints procedure, transferring of data and the implementation of the data subjects' preferences.

All fundraising is done in house and not outsourced to any professional fundraisers or commercial participators. The Fundraising Regulator holds the Code of Fundraising Practice for the UK. We follow the Fundraising Regulator standards for charitable fundraising, ensuring that our fundraising is respectful, open, honest and accountable to the public. The Charity has not knowingly failed to comply with the standards of practice.

Page 6 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Trustees Report (Continued)

for the year ended 31st August 2020

Fundraising Standards Information (continue)

The Charity has not received any complaints regarding its fundraising efforts in the year ended 31st August 2020 or to the date of this report. In all our policies and practices, we have not actively sought additional data that is not already in the public domain. We only record data that people opt to provide to us. It is our policy not knowingly to contact persons over a certain age. Our communication programme focuses on less intrusive types of communication, for example, email. Our direct mail campaigns are minimal and targeted. All fundraising requests are passive as we do not run face to face or telephone campaigns.

Investment Policy and Performance

The trustees have considered the most appropriate policy for investing funds and have found that deposit accounts meet their requirements to generate a reasonable return with security capital and ease of access.

Financial Review

The Charity's income was £784,000 (2019: £1.05 million) and operating expenditure was £985,000 (2019: £1.25 million) resulting in a deficit on its operations of £ 201,000(2019: deficit of £207,000), before net gains / losses on investments and transfer out to other YWAM charities.

As part of an ongoing organisational restructure plan, the Charity transferred its operations in Carlisle to YWAM Harpenden, which was operational from 31st August 2020. Their operational income in the current year was £3,000 and expenditure was £2,000, which is reported under discontinued operations activities in the statement of financial activities. In 2019, discontinued operations income in was £351,000 and expenditure was £338,000 in relation to other operations which have been transferred to separate charities.

Principal Sources of Income

The Charity's main sources of income are through voluntary donations £606,000 of £784,000, which equates to 77% (2019: £453,000, 43%) of total income. Of these voluntary donations 82% (2019: 69%) is within restricted funds. See notes 15 and 16. Another major income source is charitable activities income totalled £176,000 or 22% of total income (2019: £590,000, 56%). The main reason for the movement relates to YWAM Holmsted Manor, which has become an independent charity. Its charitable income was £329,000 in 2019 (56% of the total charitable activities income). From the financial year of 2020, the Holmsted Manor operation reports as a separate charity.

Expenditure

Our main operating expenditure during the year was on mission, ministries, and community projects. The total amount was £574,000 or 59% of total charitable expenditures (2019: £389,000, 44%). This met our charitable objectives. See note 6.

After setting up various new daughter charities, the Charity has continued to transfer certain net assets to these new YWAM charities, amounting to £2,000 (2019: £37,000). This is to ensure all new YWAM charities continue to operate and achieve the common charitable objectives (including Evangelism, Training and Mercy Ministries) that are shared across all charities of YWAM. See note 10 for more details on transfers.

Page 7 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Trustees Report (Continued)

for the year ended 31st August 2020

Going Concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Reserves Policy

The trustees have established a policy to keep a minimum level of unrestricted funds. These are funds not committed or invested in assets (i.e. the free reserves). This policy is in line with the spirit and ethos of the founding purposes of the Charity. At the year-end, the Charity holds, as shown in note 15, free reserves totalled £588,000 (2019: £402,000). This amount corresponds 7 months (2019: 4 months) of operations and is considered sufficient by the trustees.

Structure, Governance and Management

Governing Document and Body

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 14th March 1972, as amended on 18th July 1998. Its Memorandum of Association sets out its objects and powers, and its Articles of Association govern it. The governing body of the Charity is the Board of Trustees. The trustees are also the directors under the Companies Act.

Method of Appointment or Election of Trustees

As the Charity is very relational, new trustees have traditionally been recruited through the extensive network of the current trustees and Charity's leadership to meet Charity's needs in different fields of expertise. Each new trustee receives a personal induction programme, including a notebook outlining a trustee's responsibilities, a meeting with the chairman, and a time to meet the other trustees to ask questions. All trustees also receive additional ongoing training through charity sector updates and invitations to charity sector seminars. The trustees may appoint any member to become a trustee provided the prescribed maximum is not exceeded. Trustees appointed in this way are required to retire or to be elected at the next AGM. Under the Articles of Association, one-third of the trustees must retire at the AGM, although they are eligible for re-election every three years.

Organisational Management

The Board's primary responsibility is to formulate the strategic plans of the Charity along with financial monitoring. It receives reports on all aspects of the work and meets at least four times a year formally. It delegates the primary day to day decisions to the national operation team and national leadership Team. The national leadership also reports to regional leaders of YWAM to ensure the consistency of its values and vision internationally.

The Board has established sub-committees, each with specific terms of reference and functions delegated by the Board, with trustees representing the Board's interest on each committee. The national support team - Trellis has met to ensure that in each compliance area it is developing expertise. The Trellis team's purpose is to encourage, equip and train daughter charities to function effectively. Trustee training is planned for the future and other specialist workshops will be developed to assist good practice within the organisation.

Page 8 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Organisation Structure and Decision Making

Governance

YWAM's common purposes help to set the policies and priorities for the Board. They also direct the delegation of functions and action plans to the National Leadership Team. This team includes several key leaders within YWAM in England and meets on a bimonthly basis.

The national leadership team and Board of Trustees have conducted a full review of YWAM's legal and operational structure. This review aims to optimise YWAM's structure as much as possible to create increased effectiveness and reflect and complement the grassroots volunteer movement of the organisation whilst staying in full compliance with UK charity law. Based on this review the national leadership and the Board of Trustees agreed that the Charity should restructure into smaller charities.

New YWAM charities are to be founded based on common purpose, values and beliefs of YWAM. They are connected with the Charity by relationship, but they are completely separate and independent with no legal, financial or interdependency existing with Youth With A Mission Limited.

Since 2015, these YWAM operations at Harpenden, Wales, The King Lodge, London Notting Hill, London Earls Court, Cambridge, Derby and Homlsted Manor have set up separate charities and relevant net assets and resources were transferred to these new charities.

The work of restructuring is still on going. In this financial year, the YWAM operation at Carlisle was still operating under the auspices of Youth With A Mission Limited. However, its operation has been transferred out on 31st August 2020 to become part of YWAM Harpenden.

The YWAM operation at York continues being part of YWAM Ltd at the end of 31st August 2020. Plans for transferring the YWAM York operation will be revised and taken forward in the new financial year.

Risk Management

During the year the Charity increased its level of training with our insurance company to improve our formal risk management processes. Each year, an annual review of the types of risks the Charity faces is conducted. The potential impact and likelihood of occurrence and means of mitigating the risks are identified. The Board receives a summary of any changes to the risk assessment quarterly or as soon as a potential risk is identified. The trustees also review and analyse an updated risk assessment twice a year.

Some of the major risks identified include lack of full-time workers in key support areas and the unsuitability of the previous structure of YWAM organisation in England. We are proceeding with legal restructuring of the Charity into smaller charities to help minimise these risks.

The trustees continue to review and update policies on risk and internal controls to minimise the potential risks to the Charity through the risk management process. The trustees are satisfied that the major risks identified have been adequately mitigated where possible. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed

Page 9 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Trustees Report (Continued)

for the year ended 31st August 2020

Plans for The Future

The Charity is committed to the continued growth of YWAM to meet the growing spiritual and practical needs that we face in the world today. YWAM seeks to foster the expansion of its work through new teams in cities and towns around the nation and mainland Europe. New organisational structures have allowed YWAM to increase its outreaches and pioneer operating locations, especially helping young people step out in new initiatives and start-ups.

In the next 2 to 3 years, Youth with a Mission Limited (YWAM Ltd.) will focus on supporting YWAM England CIO to complete the transition of operational activities. The new organisational structure implementation has taken up a considerable of time and energy from the national leadership and operation teams. With the implementation plan coming closer to completion, the national leadership and operation teams will have more time and space to focus on activities and initiatives that will allow the daughter charities and YWAM England to work together on common causes for national impact. An annual YWAM National Gathering is considered a priority, which will strengthen relationships across the nation.

YWAM Ltd will also continue to work in partnership with its associated YWAM charities to improve and maintain its properties. The goal is to ensure a sustainable infrastructure that supports the growth of YWAM in England. The Charity has committed to two major projects in the next financial year to improve the Highfield Oval site's operational capacity in Harpenden. One project, the new Kinahan Lodge building, is creating a self-contained conference and seminar centre that can accommodate approximately forty people. The national lockdown in 2020 has caused a delay, but the work will resume from March 2021. The second project is to replace the ring mains electrical substations. This new system will supply the future needs of the site for the next thirty years approximately. The groundwork for the substations begins in April 2021. YWAM Harpenden has also started fundraising to upgrade the factory building at the Highfield Oval site. This project is part of a strategic plan to create a multifunctional facility including office space, catering and hospitality capacity to host training and conference activities.

COVID-19 (coronavirus) update

YWAM charities have been following and implementing the recommendations and guidance from the UK government (and thereby the chief medical officer and chief scientific officer) and monitoring advice from the World Health Organisation (WHO). We have been reviewing and closely monitoring the situation daily and taking appropriate steps to ensure our volunteers, trainees and visitors' safety. Actions taken so far include closure / cancelling of schools, training programmes and events, and implementing procedures to ensure our campus bases adhere to the social distancing guidelines. We will also continue to monitor the physical and psychological impacts on our full-time volunteers.

The Trustees are monitoring the implications of the Covid-19 pandemic. The Charity and its charities’ network has seen significant income lost in 2020 due to schools' closures and training courses, and events cancellations. During the first national lockdown period, many YWAM charities have moved their training online and created other new online activities to offset the impact. The Trustees have reviewed the Charity's year-end accounts. Its net assets were £5 millons, including cash in hand, totalled £752,000. As defined in the Reserves Policy, the free reserves (the unrestricted funds not committed or invested in fixed assets) was £588,000. This amount corresponds to 7 months (approx.) of average operating expenses in the financial year of 2020 (2019: 4 months). The trustees believe this is sufficient for the Charity to continue working through these uncertain times.

Page 10 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Trustees Report (Continued)

for the year ended 31st August 2020

Statement of 'Trustees' Responsibilities

The Trustees (who are also directors of Youth With A Mission Limited for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. ln preparing these financial statements, the Trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy the charitable company's financial position and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the charitable company's assets and taking reasonable steps to prevent and detect fraud and other irregularities.

Under the terms of the Charities Act 2011, the company falls within the range for which not require an audit. However, an independent examination of the accounts is required.

The Trustees approved the report on 26[th] April 2021 and signed on their behalf by

Henry Clarke Henry Clarke (Chairman)

Lynn Green

Lynn Green (Trustee)

Page 11 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Independent Examiner's report

To the members of Youth with A Mission Limited

I report to the trustees on my examination of the accounts of the above Charity for the year ended 31st August 2020.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 '('the 2006 'Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your ' 'company's accounts as carried out under section 145 of the Charities Act 2011 '('the 2011 'Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

The ' 'company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the ICAEW.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Green

David Green, MA (Cantab) ACA Azets Anglo House Bell Lane Office Village Bell Lane Amersham Bucks HP6 6FA

27[th] April 2021

Page 12 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Statement of Financial Activities

Youth With A Mission Limited.

Statement of Financial Activities (including an Income and Expenditure account) for the year ended 31st August 2020


for the year ended 31st August 2020
Notes
Unrestricted
Unrestricted
Restricted
Restricted		 Total Total
Funds
Funds
Funds
Funds		 Funds Funds
2020
2020
2020
2020		 2020 2019
£ 000
£ 000
£ 000
£ 000		 £ 000 £ 000
Incoming resources:
Continuing
Operations
Discontinued
operations
Continuing
Operations
Discontinued
operations
Donations and legacies
2
110
0
496
0		 606 453
Charitable activities
3
173
3
0
0		 176 590
Investment
4
2
0
0
0		 2 4
Total incoming resources:
285
3
496
0		 784 1,047
Resources expended:
Raising funds
5
(11)
0
0
0		 (11) (17)
Charitable activities
6
(438)
(2)
(534)
0		 (974) (1,237)
Total resources expended:
(449)
(2)
(534)
0		 (985) (1,254)
Net incoming/(outgoing) resources
before investment gains (Losses):
(164)
1
(38)
0		 (201) (207)
Net gains / (losses) on investments
(2)
0
0
0		 (2) (1)
Net incoming/(outgoing) resources
before transfers:
(166)
1
(38)
0		 (203) (208)
Transfer from / to other YWAM charities:
10
0
(2)
0
0		 (2) (37)
Net incoming/(outgoing) resources
before other gains (Losses):
(166)
(1)
(38)
0		 (205) (245)
Transfers between funds:
15
(9)
0
9
0		 0 0
Net Movement in Funds:
(175)
(1)
(29)
0		 (205) (245)
Reconciliation of funds:
Total funds brought forward:
5,032
1
231
0		 5,264 5,508
Total funds carried forward:
4,857
0
202
0		 5,059 5,264

Income and expenditures derive from continuing and discontinued operations.

Discontinued operations income and expenses derive from activities base in Carlisle. This location is operating under YWAM Harpenden from the new financial year. YWAM Harpenden is an independent charity set up in 2015.

The notes on pages 16 to 29 form part of these financial statements.

Page 13 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Balance Sheet as at 31st August 2020

as at 31st August 2020
Notes 2020 2019
£ 000
£ 000
£ 000		 £ 000
Assets / (Liabilities) of the Charity
Fixed Assets
Tangible assets
11		 5,782
5,876
Total fixed assets 5,782 5,876
Current Assets
Debtors
12		 273
27
Cash at bank and in hand 752
1,166
Total current assets 1,025
1,193
Creditors: Amounts falling due within one year
13		 (211)
(220)
Net current assets/(liabilities) 814 973
Total assets less current liabilities 6,596 6,849
Creditors: Amounts fallingdue after more than oneyear
14		 (1,537) (1,585)
Net Assets 5,059 5,264
Funds of the Charity
Restricted funds
15		 202 231
Unrestricted funds
15		 4,857 5,033
Total Funds 5,059 5,264

For the year ending 31st August 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question following section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the Act's requirements concerning accounting records and preparing accounts.

These accounts have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The notes to these financial statements are on pages 16 to 29 form part of

The Trustees have approved the accounts on 26[th] April 2021

Henry Clarke

Henry Clarke (Chairman)

Lynn Green

Lynn Green (Trustee)

Page 14 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Statement of Cash Flows as at 31st August 2020

August 2020
2020 2019
Cash flows from operating activities: £ 000 £ 000
Net cash provided by operating activities (note 18) (360) (39)
Cash flows from investing activities:
Proceeds from sale of fixed asset 288 -
Purchase of fixed asset (294) -
Net cashprovided by investing activities (6) -
Cash flows from financing activities:
Repayments of borrowing (48) (46)
Cash inflows from new borrowing -
-
Net cash provided by financing activities (48) -
46
Change in cash or cash equivalents in reporting period (414) (85)
Cash and cash equivalents at 1st September 1,166 1,251
Cash and cash equivalents at 31st August 752 1,166

The notes on pages 16 to 29 form part of these financial statements.

Page 15 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements

For the Year Ended 31st August 2020

1. Accounting Policies

1.1 General information and basis of preparation of financial statements

The company is a company limited by guarantee incorporated in England and Wales. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Youth With A Mission Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.

Page 16 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

1. Accounting Policies (continued)

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central full-time volunteers costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the ' 'asset's use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Page 17 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

1. Accounting Policies (continued)

1.4 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated

to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property - 2% on cost

Boat – 5% on cost

Motor vehicles - 25% on cost

Fixtures and fittings - 20% on cost

Land and assets under construction - 0% on cost

Assets costing over £10,000 are capitalised at cost.

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

1.6 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.

1.7 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 18 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

1. Accounting Policies (continued)

1.8 Creditors and provisions

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 company 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. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money i s material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.9 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

The Property & Boat fund is an unrestricted fund currently identifying the net asset value of property and the boat owned by YWAM.

1.11 Tax

The Charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

1.12 Going concern

The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the Charity to continue as a going concern.

COVID-19 (coronavirus) update

The Trustees have assessed the financial activities and positions since the outbreak and considered the impacts on the Charity financially and operationally. See page 10 for details. Based on their assessment, the Trustees concluded that there is no material uncertainty related to the pandemic that may cast significant doubt about the ability of the Charity to continue as a going concern. The Trustees will continue monitoring the outbreak and assessing the implications of the Covid-19 (coronavirus) pandemic.

Page 19 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020 Analysis of Incoming Resources

2. Income from donation income and legacies

Donations
Legacies
Total 2019		 Unrestricted
Restricted
Total
Total
2020
2020
2020
2019
£ 000
£ 000
£ 000
£ 000
110
496
606
407
- - -
46
110
496
606
453
142
311
453

The Charity benefits greatly from the support and involvement of its many volunteers and supporters. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

3. Incoming resources from charitable activities

3. Incoming resources from charitable activities
National and International focus:
Full-time volunteer' contributions
Training & Events
Contributions from other YWAM charities
Ministry		 Mission
157
-
157
252
3
-
3
3
-
-
-
329
16
-
16
6
19
-
19
338
176
-
176
590

Holmsted Manor started operating under a new YWAM charity set up at its current location from 1st September 2019. Carlisle is transferred to YWAM Harpenden on 31[st] August 2020.

Page 20 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

Analysis of Incoming Resources (continued)

4. Incoming resources from investment 4. Incoming resources from investment
Unrestricted Restricted Total Total
2020 2020 2020 2019
£ 000 £ 000 £ 000 £ 000
Bank interest 2 - 2 4
Total income resources 288 496 784 1,047

Analysis of resources expended

5. Raising funds

5. Raising funds
Total Total
2020 2019
£ 000 £ 000
Communication & Promotion 11 17
6. Charitable expenditure
Unrestricted Restricted Total Total
2020 2020 2020 2019
£ 000 £ 000 £ 000 £ 000
National and International focus:
Ministry Mission Community projects
 40 534
Training and Events
 28 -
 28 42
Rent & Rates
 11 -
 11 20
Insurances
 18 -
 18 20
Legal & Professional
 58 -
 58 47
Bank charge
 - - - 2
Loan and Mortgage interest
 59 -
 59 62
Deprecation
 100 -
 100 262
Asset disposal (gain) /losses - - - -
Vehicles related costs
 12 -
 12 13
Office related costs
 4 -
 4 4
Maintenance costs
 86 -
 86 5
Next Wave boat related costs
 11 -
 11 16
Sub total 427 534
 961 882

Page 21 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

Analysis of resources expended (continued)

6. Charitable expenditure (continued)

Pioneering YWAM locations:

Carlisle
York
Holmsted Manor
Sub total
Governance costs
Auditor's remuneration
Independent examination fee
Accountancy services
Sub total
Total charitable expenditures		 2 -
2
3
6 -
6
4
- -
-
338
8 -8
345
-
-
-
8
2 -
2-
3-
3
2
5 -
5
10
440
534
974
1,237
451
534
985
1,254
Total resources expended:

7. Summary analysis of expenditure and related income for charitable activities

||Ministry| Mission||Training|Pioneering|Other|Total| |---|---|---|---|---|---| |Three main charitable activities:|Community projects|and|YWAM|activities|2020| |||Events|locations||| ||£ 000|£ 000|£ 000|£ 000|£ 000| |Costs|(574)|(28)|(8)|(375)|(985)| |Income from donation|496|-|-|110|606| |Income from charitable activities|2|32|19|123|176| |Income from investment|-|-|-|2|2| |Net cost funded from other income|(76)|4|11|(140)|(201)| |Net cost funded from other income in 2019|(39)|15|18|(201)|(207)|

The Charity has other charitable activities the three areas mentioned above are the main ones.

8. Net income/(expenditure) for the year

8. Net income/(expenditure) for the year
This is stated after charging: Total Total
2020 2019
£ 000 £ 000
Depreciation of tangible fixed assets:
-owned by the Charity 100 262
Auditor's remuneration - 8
Independent examination fee
 2 -

Page 22 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

9. Analysis of full-time 'volunteers' costs, trustee remuneration and expenses, and the cost of key management personnel

The Charity relies entirely on unpaid volunteers' contributions to carry out its activities, but placing a monetary value on their contribution is impractical. It is not possible to measure the value reliably for accounting purposes. Therefore the Charity doesn't include this contribution in its accounts.

There are no employees in the current or prior years. The Charity trustees were not paid a salary or received any other benefits for performing the duties. However, any legitimate costs that the trustees have had to meet personally to carry out their duties are reimbursed. In total, there was one trustee who received expenses in the current and prior years.

Expenses were reimbursed to the trustees as follows:

Number
of Trustees
Travel expenses
1
Telephone
1
IT costs
-
Office costs
1		 2020
Total
2020
Number
of Trustees
£ 000
5
1
1
1
-
1
1
1
7		 2019

Total
2019
£ 000
7
2
1
2
12

Income from the trustees and their related parties, totalling £200 (2019: £800).

One of the trustees provided professional service on an ' 'arm's length basis via The Butterfly Beats Ltd to assist with the 2020 accounts preparation and supporting with the audit/independent examination. The professional fee is £2,400 (2019: £2,400).

10. Transfer from / to other YWAM charities:

Transferring net assets to new YWAM charities

YWAM charities
Holmsted Manor
Carlisle		 Total
Total
2020
2019
£ 000
£ 000
-
37
2
-
2
37

YWAM Holmsted Ministries became a separate charity and started operating from 1[st] September 2019. While the ministry based in Carlisle was transferred to YWAM Harpenden becoming part of their operation on 31[st] August 2020.

YWAM had several transactions with other YWAM branches around the world during the year. These were conducted in the normal course of the Charity's operations.

Page 23 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

11. Tangible fixed assets

1. Tangible fixed assets
2020 2020 2020 2020 2020 2020
£ 000 £ 000 £ 000 £ 000 £ 000 £ 000
Freehold Motor Fixtures, Other Other fixed Total
Properties & vehicles fittings and fixed assets -
Boat equipment assets Under
Construction
Cost or valuation
Balance brought forward
6,797		 - - 1,237 78 8,112
Additions
-		 - - 46 248 294
Disposals
(1,100)		 - - -
-		 (1,100)
Balance carried forward
5,697		 - - 1,283 326 7,306
Accumulated depreciation (SL) and impairment provisions
Balance brought forward
2,165		 - - 71 - 2,236
Depreciation charge for year
74		 - - 26 - 100
Impairment
-		 - - -
-		 0
Disposals
(812)		 - - -
-		 (812)
Balance carried forward
1,427		 - - 97 - 1,524
Net book value
Balance brought forward
4,632		 - - 1,166 78 5,876
Balance carried forward
4,270		 - - 1,186 326 5,782

During the financial year of 2020, the Trustees have approved the ownership transfer of the Next Wave boat. The new owner of the ship is a US registered not-for-profit corporation, MV Pacific Hope Global Inc. The transfer price is $375,000 (converted price is £288,000).

The Charity capitalised a total of £326,000 of spending related to building projects at the end of the year as 'Assets Under 'Construction'. These projects relate to the development of the Highfield Oval site. This site is mainly occupied by YWAM Harpenden, an independent YWAM charity, while YWAM Ltd's administration office is also based here. Significant projects include the Kinahan Lodge and the Ring Mains.

The Kinahan Lodge project is a short-term accommodation and conference facility. The goal is to increase hospitality capacities for short-term residential courses, conferences, and seminars. £78,000 of costs, mainly related to the foundations, were carried forward from the previous financial year. In 2020, an additional £231,000, related to the roof and building structure, was capitalised. The property was not fully functional at the end of 2020, and the work continues through 2021. There was no depreciation recognised in 2020.

The Ring Mains project is about two new substations to increase electricity supply capacity on site. This new system will enhance the feed for the current supply and provide enough electricity for other projects like Kinahan Lodge and the Factory, and beyond. It is a major upgrade to our electricity system. In 2020, the total capitalised amount was £17,000. They are related to professional fee on design.

11.a Capital Commitments

The charity had capital commitments for additions of fixed assets under construction of £168k (2019: £nil)

12. Debtors and prepayments

Trade debtors
Other debtors*
Prepayments and accrued income		 2020
2019
£ 000
£ 000
1
7
268
-
4
20
273
27

Other debtors include the outstanding balance owing by Pacific Hope Global (the Buyer) for the Next Wave ship. The two charities have signed and agreed on the conditions transferring the Next Wave ship 1[st] July 2020, including the price of $375,000 (£288,000 converted price) and an instalment plan.

Page 24 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

Note 12 continued

The price shall be paid by three instalments as follows: By Date of the Agreement $25,000with a further $100,000by end of 2020 First anniversary of the Date of this Agreement $125,000 Second anniversary of the Date of this Agreement $125,000

YWAM Ltd remains the right to recover the Asset, the Next Wave ship, from the Buyer (Pacific Hope Global) until the price is paid in full.

13. Creditors: Amounts falling due within one year

. Creditors: Amounts falling due within one year
2020 2019
£ 000 £ 000
Bank loans and overdrafts
 50
 48
Trade creditors
 72
 14
Other creditors *
 85
 144
Accruals and deferred income
 4
 14
211
 220
er creditors incl. the remaining cash balances YWAM Ltd owing to its daughter charities now set up as independ
. Creditors: Amounts falling due after more than one year
2020 2019
£ 000 £ 000
Long Term Bank loans
 1,537
 1,585
Total bank loans including amount falling due within one year:
 1,587
 1,633
Included within the above are amounts falling due as follows:
Within one year
Bank loans
 50
 48
Over one year and within five years
Bank loans
 219 211
Over five years
Bank loans
 1,318 1,374
Creditors include amounts not wholly repayable within 5 years as follows:
Repayable by instalments
 1,318 1,374

*Other creditors incl. the remaining cash balances YWAM Ltd owing to its daughter charities now set up as independent charities.

14. Creditors: Amounts falling due after more than one year

The Charity has raised a loan totalling £1,700,000 as at 31st August 2017 for the development of the site at Highfield Oval, Harpenden. The loan has been drawdown in instalments as required and is repayable over 25 years from the date of drawn down. The mortgage is secured on the Highfield Oval property and currently bears interest at a fixed rate of 3.61% and 3.75%.

Page 25 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

15. Analysis of charitable funds Analysis of movements in funds

Unrestricted funds
General fund
Property and boat fund
Restricted funds
Africa fund
International Chairman's Team
River Trust
Centre for Justice
Other Countries / Regions accounts
Storehouse
Support account
Total funds		 Balance
1st
September
2019
Income
Expenditure
Transfers
In / (Out)
Gain /
(Losses)
Balance
31st
August
2020
£ 000
£ 000
£ 000
£ 000
£ 000
£ 000
402
288
(89)
(11)
(2)
588
4,631
-
(362)
- -
4,269
5,033
288
(451)
(11)
(2)
4,857
116
434
(466)
- -
84
61
16
(21)
- -
56
21
7
(2)
- -
26
25
-
(4)
- -
21
6
31
(33)
9
-
13
1
1
- - -
2
1
7
(8)
- -
-
231
496
(534)
9
-
202
5,264
784
(985)
(2)
(2)
5,067

The General fund is an unrestricted fund which can be used for another charitable purpose.

The Property & Boat fund is an unrestricted fund currently identifying the net asset value of property and the boat owned by YWAM.

The Support Account fund is money given for specific ministries and individuals.

The Scholarship fund is an investment in an income bond. Both the principal and the income generated from the investment is to be used in the provision of scholarships.

The Wallington fund is a restricted fund for young people engaged in evangelism.

The River Trust is a restricted fund to further the training of YWAM leaders in the UK.

The Storehouse fund is a restricted fund to help YWAM bases around the world who are in financial difficulty and are restricted funds for use in disaster/emergencies within YWAM.

The location specific funds are channelled to aiding projects in their respective locations as requested.

Page 26 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

16. Analysis of movements in funds - previous year

16. Analysis of movements in funds - previous year
Unrestricted funds
General fund
Property and boat fund
Restricted funds
Africa fund
International Chairman's Team
River Trust
Centre for Justice
Leadership development
Other Countries / Regions accounts
Storehouse
HM 40 anniversary
HM Scholarship fund
Support account
Total funds		 Balance
1st
September
2018
Income
Expenditure
Transfers
In / (Out)
Gain /
(Losses)
Balance
31st
August
2019
£ 000
£ 000
£ 000
£ 000
£ 000
£ 000
358
698
(624)
(29)
(1)
402
4,869
-
(238)
-
-
4,631
5,227
698
(862)
(29)
(1)
5,033
116
258
(258)
- -
116
57
32
(28)
- -
61
27
4
(10)
- -
21
27
-
(2)
- -
25
19
4
(23)
- --
13
40
(47)
- -
6
12
1
(12)
- -
1
6
-
(3)
(3)
-
-
3
2
-
5
-
-
1
9
(9)
- -
1
281
350
(392)
(8)
-
231
5,508
1,047
(1,254)
(37)
(1)
5,264

17. Analysis of net assets between funds

17. Analysis of net assets between funds
Unrestricted
Restricted
Total
Funds
Funds
Funds
2020
2020
2020
£ 000
£ 000
£ 000
Tangible fixed assets 5,782
-
5,782
Debtors 273
-
273
Cash at bank and in hand 550
202
752
Creditors due within one year (211)
-
(211)
Creditors due in more than oneyear (1,537)
-
(1,537)
4,857
202
5,059

Page 27 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

Analysis of net assets between funds - previous year
Unrestricted
Restricted
Total
Funds
Funds
Funds
2019
2019
2019
£ 000
£ 000
£ 000
Tangible fixed assets
5,876
-
5,876
Debtors
27
-
27
Cash at bank and in hand
935
231
1,166
Creditors due within one year
(220)
-
(220)
Creditors due in more than oneyear
(1,585)
-
(1,585)
5,033
231
**5,264 **		 Analysis of net assets between funds - previous year
Unrestricted
Restricted
Total
Funds
Funds
Funds
2019
2019
2019
£ 000
£ 000
£ 000
Tangible fixed assets
5,876
-
5,876
Debtors
27
-
27
Cash at bank and in hand
935
231
1,166
Creditors due within one year
(220)
-
(220)
Creditors due in more than oneyear
(1,585)
-
(1,585)
5,033
231
**5,264 **
Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors due within one year
Creditors due in more than oneyear
18. Reconciliation of net movement in funds to net cash flow from operating activities
2020
2019
£ 000
£ 000
Net income / (expenditure) for the reporting period
(as per Statement of Financial Activities)		 (205)
(244)
Adjustment for:
Depreciation 100
262
(Increase)/decrease in debtors (246)
(25)
Increase/(decrease) in creditors (9)
(32)
Loss on disposal of tangible fixed assets -
-
Net cash provided by /(used in) operation activities (360)
(39)
19. Analysis of cash and cash equivalents
2020
2019
£ 000
£ 000
Cash at bank and in hand 752
1,166
Overdraft facilityrepayable on demand -
-
Total cash and cash equivalents 752
1,166

Page 28 of 29

YOUTH WITH A MISSION LIMITED (A company limited by guarantee) Registration number: 01049516 | Charity number: 264078

Notes to the Financial Statements (continued) For the Year Ended 31st August 2020

20. Statement of Financial Activities – previous year

Statement of Financial Activities (including an Income and Expenditure account) for the year ended 31st August 2019

for the year ended 31st August 2019
Notes Unrestricted
Unrestricted
Restricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
Funds
Funds
2019
2019
2019
2019
2019
2018
£ 000
£ 000
£ 000
£ 000
£ 000
£ 000
Incoming resources: Continuing
Operations
Discontinued
operations
Continuing
Operations
Discontinued
operations
Donations and legacies 122
20
309
2
453
763
Charitable activities 222
329
39
-
590
714
Other trading activities -
-
-
-
-
2
Investment 4
-
-
-
4
1
Total incoming resources: 348
349
348
2
1,047
1,480
Resources expended:
Raising funds (17)
-
-
-
(17)
(15)
Charitable activities (510)
(335)
(389)
(3)
(1,237)
(1,404)
Other tradingactivities -
-
-
-
-
(1)
Total resources expended: (527)
(335)
(389)
(3)
(1,254)
(1,420)
Net incoming/(outgoing) resources before
investment gains (Losses):		 (179)
14
(41)
(1)
(207)
60
Net gains / (losses) on investments (1)
-
-
-
(1)
(1)
Net incoming/(outgoing) resources before
transfers:		 (180)
14
(41)
(1)
(208)
59
Transfer to new YWAM charities: -
(29)
-
(8)
(37)
(589)
Net incoming/(outgoing) resources before
other gains (Losses):		 (180)
(15)
(41)
(9)
(245)
(530)
Transfers between funds:
Net Movement in Funds: (180)
(15)
(41)
(9)
(245)
(530)
Reconciliation of funds:
Total funds brought forward: 5,213
15
272
9
5,508
6,038
Total funds carried forward: 5,033
-
231
-
5,264
5,508

Income and expenditures derive from continuing and discontinued operations.

Discontinued operations income and expenses derive from activities base in Homlsted Manor. As a result of organisational restructuring, new YWAM has established charities in these locations. A new charity base in Homlsted Manor was operational from 1[st] September 2019. Fund transfers to the new Charity completed on 31[st] August 2019.

Page 29 of 29