**Page 2** ## **YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS** ## **TRUSTEES ANNUAL REPORT** ## **YEAR ENDED 31 DECEMBER 2020** The trustees have pleasure in presenting their report and the audited financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements, applicable accounting standards, 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the charity’s governing document, the Charities Act (Northern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 the Charities legislation and UK Generally Accepted Practice. ## **CHARITY ADMINISTRATIVE AND REFERENCE DETAILS** Charity name: Youth For Christ International Foundation For The Nations Charity registration number: NIC101716 Registered office: 6 Mandeville Mews **,** Portadown **,** Co Armagh **,** BT62 3NS Auditor: Jackson Andrews, Chartered Accountants & Statutory Auditor, 6 Mandeville Mews, Portadown, Co Armagh, BT62 3NS Bankers: Ulster Bank, 1A Main Street, Ballynahinch, County Down, BT24 8AP ## **THE TRUSTEES** The trustees who served the charity during the year were as follows: John Donaldson (Chairman) Simon Marriott (appointed 1 January 2020) Denis Campbell Steve Deller (appointed 1 January 2020) Stuart Hamilton David Schultz Becky Luedtke ## **PUBLIC BENEFIT STATEMENT** The trustees of Youth For Christ International Foundation For The Nations confirm that they have had due regard for the guidance on Public Benefit by the Charity Commission for Northern Ireland and are pleased to report that during the year the charity has continued to provide Public Benefits through programmes and services we offer. In particular, the directors consider how planned activities will contribute to the aims and objectives they have set out. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The organisation is a charitable trust constituted under a trust deed, which is registered as a charity with The Charity Commission for Northern Ireland. ## **Recruitment, appointment, induction and training** The present trustees have been involved in the charity for a number of years and so are familiar with its work. The trustees regularly review the requirements of the charity and the possibility of a need for additional trustees. Any new trustees would be appointed by resolution of a meeting of all the trustees passed by a majority of those present. Appropriate training and induction is available to all trustees. ## **Organisational structure** The trustees oversee the running of the charity. John Duncan manages the day to day running of the charity, assisted by Grants Manager Paul Gilmore and Finance Manager Rachel Loney. **Page 3** ## **YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ ## **YEAR ENDED 31 DECEMBER 2020** ## **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 are in place to mitigate any exposure to major risks. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects above £2,000 in value. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors. These procedures are reviewed periodically to ensure that they continue to meet the needs of the charity. ## **OBJECTIVES AND ACTIVITIES** The objectives of the charity are the advancement of the Christian faith, education and the relief of poverty and its effects amongst children and young people through support of Youth For Christ projects or Youth For Christ sponsored projects around the world. The charity brokers grants of money for Youth For Christ charitable projects around the world. We do this by finding people around the world with large sums of money to give and finding suitable Youth For Christ projects around the world for them to give to. We do the due diligence on the projects that the donors identify as being the ones they are most likely to support, and the donors themselves finally decide who will get what and from whom. The charity’s intended beneficiaries are young people up to the age of 25 in the 120 or so countries in which Youth For Christ currently works, regardless of race, religion, gender or disability. The local YFC projects that receive the grants provide reports on their activities. Representatives of the charity have visited several of the projects. As they are all part of the worldwide organisation of Youth For Christ, it is relatively straightforward to keep abreast of progress through the YFC Area & Regional Directors. ## **Volunteers** The charity is grateful for the unstinting efforts of its volunteers who are involved in all aspects of the charity’s work. ## **ACHIEVEMENTS AND PERFORMANCE** Key performance Indicators (KPIs) are 1) the acquisition of new Funding Partners each year, 2) the growth of the fund going out to projects worldwide, and 3) the spread of Partners beyond those based in North America. On 1) and 2) we have done well during the year, but less well on 3). This remains a key goal. Total income for the year was £1,413,300 (2019 - £997,442). Income derived from donations amounted to £1,413,270 (2019 - £997,366) and income from investments amounted to £30 (2019 - £76). Total expenditure for the year amounted to £1,355,361 (2019 - £960,969). The cost of charitable activities amounted to £1,355,361 (2019 - £960,969). The net income for the year amounted to £57,939 (2019 – net income £36,473). The Covid 19 pandemic has affected the figures for the year in that the charity has given up its office space in Ballynahinch and all staff are now working from home on a permanent basis. In addition, the selfemployed consultants were able to access self employed grants which in turn led to a reduction in consultancy expenses. The Trustees consider that the charity is in a satisfactory position to carry on its charitable activities. The Trustees thank everyone for their commitment, work and involvement in all that has been done and achieved this last year. Without the employees and volunteers people’s lives would not have been able to be impacted and changed. Also, thanks to all our supporters and funders. **Page 4** ## **YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ ## **YEAR ENDED 31 DECEMBER 2020** ## **FINANCIAL REVIEW** ## **Reserves policy** It is the policy of the charity to maintain free reserves which matches the needs of the trust, both at the current time and in the foreseeable future. This provides sufficient funds to cover running costs which include management, administration and support costs. Free reserves are those unrestricted reserves not designated nor invested in fixed assets which are available for general use. ## **FINANCIAL REVIEW** _**(continued)**_ ## **Reserves policy** _**(continued)**_ As at 31 December 2020 the charity has total funds carried forward of £169,514 (2019: £111,575) of which £23,426 (2019: £23,857) are unrestricted, and it has free reserves carried forward of £23,426 (2019: £23,857). ## **Funding** The principal funding is from donations. ## **PLANS FOR FUTURE PERIODS** The Trustees are continuing to discuss succession planning for the charity and have made significant progress in this area during the year. ## **RESPONSIBILITIES OF THE TRUSTEES** The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the 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 the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2019 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, 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 trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities’ legislation for Northern Ireland and the provisions of the trust deed. The trustees 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. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. **Page 5** ## **YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS** ## **TRUSTEES ANNUAL REPORT** _**(continued)**_ ## **YEAR ENDED 31 DECEMBER 2020** ## **RESPONSIBILITIES OF THE TRUSTEES (continued)** In so far as the trustees are aware: - . There is no relevant audit information of which charity’s auditors are unaware; and - . The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. ## **AUDITOR** Jackson Andrews offer themselves for re-appointment as auditor for the ensuing year. Signed on behalf of the trustees Dr John Donaldson Chairman of the Board of Trustees Date: