Charity re9iStration number NIC101716
YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
LEGALAND ADMINISTRATIVE INFORMATION
Truste89
Dr J Donaldson
Mr D Campbell
Mr S Hamilton
Mr D Schultz
Ms B Luedtke
Mr S Deller
Mr P Barbarics
Mr M Liwvsky
(Appointed 30 November
2023}
Charlty number
NIC101716
Prlnclpal address
Victoria Cottage
35 Baltymaglave Road
The Spa
Ballynahinth
Co D¢)wn
BT24 8QB
Audltor
GMCG LISBURN
Century House
40 c￿scent Business Park
Lisbum
BT28 2GN
Banker¥
Ulster Bank Limited
4th Floor
11-16 Donegall Square East
Belfast
BT1 SUB

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
CONTENTS
Page
Trustees, report
Independent auditols report
Statement of financral activsiies
10
ststement of financial wsthon
11
Ststement of cash flows
12
Notes to the financial statements
13-20

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financaal statements for the year ended 31 December 2023.
The financial ststements have been prepared in accordance wth the accounting poliaes set out in note 1 to the
financial statements and comply Imth the charity's trust deed, the Charities Act 2011 and 'Accounting and Reporting
by Charities.. Statement of Recommended Practi￿ applicable to charib.es preparing their accounls in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January
20191.
Objectives and actlvities
The objectives of the charity are the advancement of the Christian farth. education and the relief of povety and its
effects amongst children and young people through support of YoLth For Christ projects around the worfd.
The charity does this by finding people I'funding partners") signfficant finances to give, and solioting witable
projects around Ihe wortd for them to give to. The charity cnmmissions due diligence on the projects identified as
being those the partners are most likely to support, and the partners themselves finally decide who wll get what and
from whom.
Tha charity's intended beneficiaries are young ￿0p1& LIP lo the aoe of ?.£ in the 120 or so countries in which Youth
For Christ currently works, regardless of race, religion, gender or disability- The projects that receive the grants
provide reports on their activib'es. Represenlatives of the charity visit a number of projects each year and report
back to Ihe Trustees and funding partners. Exarn￿es in 2023 were vi&'ts to projects in Hungary, Slovakia, Serbia,
Netherlands.
Public benefit
The trustees of Youth For Christ Intemalional FourKlation For The Nations confim that they have had due regard for
the guidance on Public Benefit by the Charity Commission for Northem Ireland and are pleased to report that during
the year the charity has continued to provide Public Beneffts through programmes and service¥ the charity offers. In
particular, the Irustees consider how planned ￿￿'Vities bMII contribute to the aims and obiecbves they have sel out.
Volunteers
The charity is grateful for the unstinting efforts of its volunteers who are involved in all aspects of the charity's work.
Achlevements and p8rfomiance
son1r￿ant ad1vit￿S and achievements against objectrves
Our key goals are..
1. The acquisition of new Funding Partners each year
2. The growth of the fijnd going oui to projects woddwide. and
3. The spread of Partners beyond those based in North America.
During the year. the charity has done well on the first tsvo goals, and has also aqain attracted support from a number
of Northern-lreland-based Foundations. churches arKI individuals. Hov￿Ver, a key goal remains to l¢)cate funders in
other affluent iurisdith.ons around the wodd.
The Trustees wish to thank everyone for their commitment, work and involvement in all that has been done and
achieved this last year. Wrthout the employees and volunteers people's lives would not have been able to be
impacted and changed to such an extent. Also, thanks to all the charity's SUPPOrters and funders.
Flnanclal revlew
The results for the periiyj are as set oul ¢)n paps 10 to 20 The rharity rÈtumÈd nèt OLJtgoing reSoUr￿S of £880.826
{2022 - net incoming resources of £865,749) of which there were unrestricted net outgoing resources of £880,826.
At 31 De￿mber 2023, the level of unrestncted reserves held was £214,954 (2022 - £1,095,780).

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Resewes 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 SLrffiuent fijnds to cover running costs which indude management,
administration and supwrt costs. Free reserves are those unrestricted reseNes not designated nor invested in fixed
assets vthich are available for generd use.
Major risks
The trustees have assessed the major risks to which the thanty is exposed, in particular those related to the
operations and finances of the charity, and are satisfied that systems are in pla￿ to mitigate any exposure to major
risks. ￿)ere appropriate, systems or procedures have been established to mibgate the risks the charity faces.
Intemal control risks are minimised by the implementab.on of pr￿edureS for aLrthonsation of all transactions and
projects above £2,000 in value. Procedures are in place to ensure compliance wtth heatth and safety of staff,
volunteers, clients and visitors. These procedures are periodically review8J at least annually to ensure that they
corrtinue to meet the needs of the charity.
Factors likely to affect futu￿ financialperfonnan
Post year end a charity was set up in Colorado. USA to account for funds in and out in that jUTisdiction. The impact
of this will be reflected in the next finanaal Statements. and will likely redu￿ Ihe Income an¢ expendrture of the
¢harty.
Structure, governance and management
The organisation is a charttable tnjst constituted under a trust deed. whith is registered as a charity wrth The
Charity Commission for Northem Ireland.
The trustees who served during the year a￿1 up to the dale of signature of the finanaal ststements were..
Dr J Donaldson
Mr D Campbell
Mr S Hamimon
Mr D sChu￿Z
Ms B Luedtke
Mr S Deller
Mr P BarbanGs
Mr M Lipovsky
(Appointed 30 November 2023}
Recruitment and appointment of tnjstees
The present trustees have been involved in the tharyty for a number of years and so are familiar wth ts work. The
trustees regulady review the requirements of the tharity and the possibility of a need for additional trustees. Any
new trustees would be appointed by resolution of a meets'ng of all the trustees passed by a majority of those
present. Appropriate training and inducxion is available to all trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and
guarantee to wntribute £1 in the event of a winding up.
Organisational stnjctu
The Trustees oversee the operation of the charity. Exeoffjve Director, John Duncan manages the day to day
running. assisted by Deputy-DireGtor-designate. Simon Marriott. Grants Manager, Paul Gilmore and Finance
Manager, Rathel Loney.

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
ststement of trustees. responslbllltles
The trustees are responsible for preparing the Trustees Report and the financial slatements in accordance with
applicable law and United Kingdom Accounting Standards (United lQ'ngdom Generally Accepted Accounting
Practice).
The law applicable to charities in Northem Ireland requires the trustees to prepare financial statements ts each
financial year which give a true and fair view of the state of affairs of the chanty and of the incoming resources and
application of resources of the chartty for that year.
In preparing these financial statements, the trustees are required to..
- select suitsble accounting policies and then appty them consistently;
- observe the methods and principles in the Charities SORP 2019 {FRS 102},'
- make judgements and estimates that are reasonable and prudent.,
stale whether applicable accounts.ng standards have teen followed, sut4.ect to any material departures di5Glosed
ancl explained In Ihe financial staiements.. and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose wf(h reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Charities Act (Northem Ireland) 2008, the Charity (Accounts and Reports} Regulations (Northern Ireland) 2015 and
the provisions of the Irust deed. They are also responsible for safeguarding the assets of the tharity and hern￿ for
tsking reasonable steps for the prevention and detection of freud and other irrcgularitics.
Disclosure of inforrnation to audltor
Each of the truslees has confimied that there is no infomation of which they are aware which is relevant to the
audit, bul of which the auditor is unaware. They have further confimied that they have taken appropriate steps to
identify such relevant infomiation and to establish that the audrtor is aware of such informab'on.
The trustees, report vrds approved by the Board of Trustees.
Donaldson
Trustee
Date..
Q..6..... 02 .27

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE
NATIONS
Opinion
We have audited the financial statements of YoLrth For Christ Intemalional Foundation for the Nations (the 'charity')
for the year ended 31 De￿mber 2023 which comprise the statement of financtal activities, the statement of finartial
position, the statement of cash flows and notes to the finanoal ststements, induding significant accounting polioes.
The financial reFK)rting framework that has been applied in their preparation is appli￿ble law and United Kingdom
Accounting Stsndards, including Financial Repxjrting Stsndard 102 The Finanual Reporting Standard applicable in
the UK and Republic of Ireland (United lfjngdom Generally Accepted Accounting Practice).
In our opinion, the finanaal ststements:
give a true and fair view of thÈ st2tg nf the thatys affairs as at 31 Docombgr 2023 and of its incomin9
resources and application of resources, for the year then ended..
have been properly prepared in accordance wtth United lQngdom Generally A￿pted Accouth'ng Pra￿1￿.
and
have been prepared in the requirements of the Charities Acl (Northem Ireland) 2008.
Basis for opinion
We conducted our audit in accordan￿ viith Intemational Standards on Auditsng (UK) (ISAS (UKII and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibil￿&S for the audit of
the financial statenpipts seLliuwi uf oui report. We are Independent of the cttanty In accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical
Standard. and we have fiJifilled our other ethical responsibilities in accordan￿ with these requirements. believe
that the audit evidence we have obtained is suffiaent and appropriate to prowde a basis for our opinion.
Conclusions relating to going concern
In auditj'ng the finanaal statements, we have cor￿uded that the trustees. use of the going concem basis of
accounting in the preparation of the finanoal statements is appropriate.
Based on the work have perfomed, have not identtfied any material uncertainties relating to events or
conditions tha( individually or collectively, may cast significant doubt on the chartvs abilty to continue as a going
con￿rn for a peric(J of at least twelve months from vthen the financial statements are authorised for issue.
Our responsibilities and the resp)nsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE
NATIONS
Other infomiatlon
The other information comprises the informab'on ind￿Jed in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other infomiats'on contained within the annual
report. Our opinion on the financial statements d￿$ not cover the other information and we do not express any form
of assuran￿ conclusion thereon. Our responsibility is to read the other information and. in doing so, consider
whether the other infomiation is materially inconsistent vmh the financial statements or our kno￿edge obtained in
the course of the audit, or otherwse appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to delemiine whether this gives rise lo a material misstatement
in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a
material misstatement of this other infomiation. are required to report that fact.
We have nothing to report in this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the followng m*ters in relation to wknich the Charities {Accounts and
Reports} Regulations (Northem Ireland) 2015 requi￿ us lo rewrt to you if, in our opinion:
the information given in the financial ststements is incongstent in any rnaterial respect with the trustees,
report., or
$uffici•nt attounting records have not been kept" or
the finanoal statements are not in agreemenl the accounting records., or
we have not re￿iVed all the information aTrJ explanations we require for our audit.
Responsibilities of trustses
As explained more fully in tt)e statement of trustees, responsibilth-es. the truslees are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as
the trustees detemine is necessary to enable the preparation of financial siatements that are free from material
misstatement. whether due to fraud or error. In preparing the finanaal Statements, the twstee5 are responsible for
assessing the charity's ability to continue as a going concem, disdosing, as applicable, matters related to going
cOn￿M and using the goin9 concem basis of accounting unless the trustees either intend to ￿ase operations, or
have no realistic attemative but to do so.

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE
NATIONS
Auditorfs responsibilities for the audit of the financlal statsments
We have been appointed as audÉtor under section 65 (2) of the Charities Act (Northem Ireland) 2008 and report in
accordance with regulations made under secton 66 of thatAcL
Our objectives are to obtain reasonable assurance about whether the financial sLgtements as a whole are free trom
Material misstatement, vthether due to fral￿ or emr, and to issue an auditors rewt that includes our opinion.
Reasonable assurance is a high level of assuran￿ but is not a guarantee that an audtt conducted in accordance
with ISAS {UlQ will afvlays detect a material misstatement vthen it e￿Sts. Misstalements can arise from fraud or
error and are considered material rf, individually or in the aggregate, they could reasonabiy be expected to infiuence
the economic decisions of users taken on the basis of these finanoal st*ments.
Irregularities. including fraud, are InStan￿S of non<0mplian￿ with laws and regulations. )Ne design procedures in
line with our ￿SponsIbl1rttes. ouUined above, to detect material misststements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detscbng l￿egUlar[tbes, induding traud. is detailed below.

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE
NATIONS
Extent to which tho audit Wds considered capable of detecting irregularities. Including traud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
and then design and perfomi audit procedures responsive to those risks. including obtaining audit eviden￿ that is
sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing potential risks of material misstatement in respect of irregularitses. including fraud and
non-compliances wrth laws and regulations. we considered the following..
The nature of the industry and sector, control environment and business perfo￿an￿, including the
tharity's remuneration policies for management committee, bonus levels and perfornian￿ targets, if any,.
Results of our enquiries of management aboui their own identr"fiGation and assessment of the risks of
irregularikn'es-
Any matters we identified having obtained arKI reviewed the charity's documentation of their policies and
procedu￿$ relating to..
Identifying, evaluating and comptying with law￿ and regulations and whether they were aware of
any Instan￿ of non-complian￿.
Detecting and respondinq lo the risks of fraud and vthether they have kn￿edge of any actual,
suspeded or alleged fraud., and
The internal controls estsblished to mitigate risks of fraud or noTrcompliance wth laws and
regulations..
The matters discussed among the audrt engagement team regarding how and vthere fraud might occur in
the financial statements and potential indicator8 of fraud.
As a result of these procedures, we considered the opporbjnities and irtentives that may exist v￿thin the charity for
fraud and identified the greatest potential for fraud in in￿rne rwnition. In common bwth all audits under ISAS
{UKI, we are also required to perform speafic procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the charty operates in, focusing on
provisions of those laws and regulations that had a direct effect on the determination of material amounts and
disclosures in the financial statements. The key laws and regulations we considered in this context included the
Charities Act (Northern Ireland) 2008.
In addition, we considered provisions of other laws arKI regulations that do not have a direct effect on the financial
statements but Complian￿ wth which may be fundamental to the charity's abilty to operate or to avoid a material
penalty

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE
NATIONS
Audlt response to risks identified
Our procedures to resporKI to the risks identified included the following:
Reviewng the finanual statement disclosures and testing to supwrting documentation to assess
compliance wth provisons of relevant laws and regulalions descrtbed as having a direct effect on the
financial statements"
Enquiring of management conceming athal and potenlial litigation and daims,.
Perfoming analytiLxI procedures to identify any unusud or unexpected relationships that may indicate
risks of matertal misstatement due to fraud"
Reading minLrtes of meetings of those charged with govemance and reviewng Corresponden￿ with tsx
authorities,. and
In addressing the risk of fraud through management override of controls. testing the appropriateness of
joumal entries and other adjustments: assessing sthether the judgements made in making accounting
estimates are indicative of a potential bias" arKI evaluating the business rationale of any signtfi(2nt
transacttons that are unusual or outside the nomial course of business.
We also comrnunicated relevant identified laws and regulations and potential fraud risks to all engagement team
embers an¢J remalned alert to any indications ot traud or nor￿ComplI8nce with laws and regulations throughout the
audit.
Owing to the inherent limitations of an audiL there is an unavoidable risk that we may not have detected some
material misstatements in the finanaal statements. even though we have properly planned and performed our audit
in accordaJi¢e with auditing standards. In addibon, as with any audit, there remains a higher risk of non-detection of
i￿egularities, as they may involve collusion, forgery. intentional omission3. misrepresentations, or the override of
internal controls. We are not responsible f(Y preventing non-compliance and cannot be expected to detect non-
compliance with all laws and regulations.
A further description of our responsibiltttes is available on the Financial Reporttng Counal's website at.. https.'Il
wMv.frc.org.ukJauditorsresponsibilities. This descxiption fonns part of our auditors reporL

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE
NATIONS
Use of our report
This report is made solely to the charity's management commrttee, as a body. in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations {Northem Ireland) 2015. Our audit work has been undertaken so that
we might stste to the charity's trustees those matters we are required to state to them in an audttor's report and for
no other purpose. To the fullest extent pennrtted by law, we do not accept or assume responsibility to anyon& other
than the charity and the charity's trustees as a body, for our audit work. for this report. or for the opinions ve have
formed.
GMCG LISBURN
Chartered A¢¢ountants
Ststutory Auditor
Century House
40 Crescent Business Park
Lisbum
BT28 2GN
GMCG LISBURN is eligible ft)r appointment as auditor of the charity by virtue of its eligibility for appgintment as
auditor of a company under section 1212 of the Companies Aci 2006.

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
un￿strICted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Notes
Income and endowments from:
Donations and legaaes
Investments
Other income
158,911
2,137
48.310
1,577.478 1,736.389
2.137
48,310
1.117,676
383
87.005
1,450.048 2,567,724
383
87,005
Total income
209.358 1.577,478 1,786,836
1,205.W 1.450,048 2,655,112
Expenditure on:
Charitable actIv￿eS
1,090.184 1.577,478 2,667,662
339.315 1,450.048 1.789,363
Total expenditure
1.090,184 1.577,478 2,667,662
339,315 1.450.048 1.789.363
Net incomellexpenditure) and
movement in funds
(880,826)
{880,826)
865.749
865,749
Reconciliation of funds:
Fund balan￿S at 1 January
2023
1,09S,780
1.095,780
230,031
230.031
Fund balances at 31
December 2023
214,954
214.954
1.095.780
1,095,780
The statgment of financial activities indudes all gain8 and losses reGognised in the year. All incorrie aiid expenditure
derive from conlinuing activtties.
10-

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023
2023
2022
14otes
Current assets
Debtors
Cash at bank and in hand
11
14.573
208.583
1,[￿2,514
243,530
223.156
1,306,044
Creditors: amounts falllng due within
one yaar
12
(8,202)
(210,264)
Net current assets
214,954
1,095,780
Net assets excludlng ponslon Ilablllty
214,954
1,095,780
The funds of the charlty
Unrestricted funds
214,954
1,095,780
214.954
1,095.780
The financial ststements V￿re approved by the trustees on .........................and signed on their behalf by:
Dr J Donaldson
Trustee
t)6.
11

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operating activitses
Cash absorbed by operations
17
(37,084)
(1,888)
Investing activities
Investment income re￿IVed
2.137
383
Net cash generated from investing
activities
2.137
383
Net cash used in financing activities
Net decrease in cash and cash equivalents
(34,947)
(1,505)
Cash and ¢2sh equivalents at beginning of year
243,530
245,035
Cash and cash equivalonts at end of year
208.583
243,530
12-

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles
Charlty Infomiatlon
Youth For Christ Intsmational Foundation for the Nations is an unincorFrf)rated charity registered in Northem
Ireland. The registered office and place of business is 35 Ballymaglave Road, Spa. Co Down, BT24 8QB.
1.1 Accounting convention
The financial statements have been prepared in accordan￿ wth the Charity's trust deed, the Chanties Act
2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. ('FRS 102.)
and the Charities SORP "Accounting and Reporting by Charitses.. Statement of Recommended Practi
applicable to charities preparing their accounts in accordan￿ wth the Finanual Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public
Benefft Entty as defined by FRS 102.
The financial statements are prepared in sterling, vthich is the funth.onal currency of the charty. Monetary
amount5 in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The prinupal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the finanaal statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence the foreseeable future. Thus the trustees
continue to adopt the going concem basis of accountsng in preparing the financial statements.
1.3 Charitable fund3
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific corvjitions by donors or grantors as to how they may be used. Th8
purposes and uses of the restricted funds are set cKrt in the notes to the financial ststemenls.
1.4 Incomo
Income is recognised vknen the charty is legally entitled to it after any perfomance condrtions have been met,
the amounts can be measured reliably. and it is probable that ino)me will be re￿ived.
Cash donations are recognised on receipt. Other donations are recognised On￿ the charity has been notified
of the donalion, unless perfomance conditions require deferral of the amounL Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is reco9nis8J at the time of the donats'on.
Income is defe￿ed vthen it does not meet the cntena for recogniknon as incoming resources in the Statement
of Financial Activth'es, as enb'tlement does not exist at the balan￿ sheet date.
1.5 Expendlture
Expendtture is recognised on an accrual basis as a liabilty is incu￿ed.
Charitable expendrture comprises those costs incurred by Ihe charity in the delivery of its activities and
services for its beneficiaries. It indudes both costs that can be allocated directly to such acb'vities and those
costs of an indirect nature to support them.
Support wsts are those functions that assist work of the tharity but do not directly undertake charitable
activities. Suppjrt and other wsts have been allocated lo charitable actIv￿.e5 based on actual usage by that
acts'vity.
13-

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policles Icontlnued)
1.6 Cash and cash equivalents
Cash and cash equivalents indude cash in hand, deposts hdd at call *ryth banks, other short-temi liquid
investrnents Wi original matunties of three months or less, and bank overdrafts. Bank overdrafts are shown
wthin bO￿owingS in current liabilrttes.
1.7 Financial instruments
The charity has dected to apply the provisK)ns of Section 11 'Basic Finanaal Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its finanaal instruments.
Financial inslruments are recognised in the charitys balancè sheet ￿en the charity becomes party to the
contractual provisions of the instnjment.
Financial assets and liabilities are offset. with the net amounts presented in the finanaal ststements, when
there is a legally enforceable right to sèt off the re￿nised amounts and there is an intention to sethe on a net
basis or to realise Ihe asset and setde the liability simultaneously.
Basic financial assets
Basic finanaal assets, vthi(*J include debtor5 and cash and bank balances. are inttially measured at
transaction price including transaction costs and are subsequenuy carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction. where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financtal assets
classtfied as receivable wthin one year are not am0￿sed.
Basic financial liabilities
Basic financial liabilits'es. induding creditors and bank loans are intttally recognised at transaclion price unless
the arrangement ￿nStituteS a finanang transaction, where the debt instwment is measured at the present
value of the future payments discounted at a market rate of interest Financial liabilities dassified as payable
within one year are not amortised.
Debt tnstruments are subsequentEy tsmed at amortised cost, using the effectÉve interest rate methcmj.
Trade creditors are obligations to pay for goods or semces that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dasstfied as current liabilrties if payment is due Mrithin one
year or less. If not. they are presented as non-current liabiltties. Trade ￿dItorS are recognised initially at
transaction price and wjbsequentiy measured at amortised cost using the effedive interest method.
Derecogn￿0n of finan￿al liabilitses
FInar￿la1 liabilities are derecognised when Ihe charitys contrathjal obligations expire or are discharged or
cancelled.
1.8 Employee benefits
Mthen employees have rendered SWVI￿ to the charity, short-term employee benefits to which the employees
are entitled are recognised at the undiscourrt8J amount expected to be paid in exchange for that servi￿.
1.9 Retirement benefits
Payments to defjned ¢ontribution retirern￿l benefft schemes are tharged as an expense as they fall due.
1.10 Foreign exchange
Transactions in ojrrencies other than pounds sterling are recorded at the rates of exchange prevailing at the
dates of the transactions. At each reporting end date, monetsry assets and liabilits.es that are denominated in
foreign cJJrrenues are retranslated at the rates prevailing on the reporttng end date. Gains and losses arising
on translation in the period are included in profft or loss.
14-

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
crtllcal accountlng estlmates and Judgements
In the application of the charity's account'ng poliaes, the trustees are required to make judgements. estimates
and assumptions about the carrying amount of assets and liabilib.es that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may drffer from these estimates.
The estimates and undedying assumpb'ons are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in vthich the estimate is revised where the revision affects only that
period, or in the period of the ￿Vision and future periods where the revision affects both current and fulure
periods.
Key sources of estimation uncertainty
Restricted and unrestrlcted funds
JLsdgements are made in relation to allocation of income and expenditure to restncted and unreslricted funds.
The directors consider rt appropriate to allocate these fvnds based on interpretation of donations received.
Income from donations and legacies
Unrestrlcted Restrlcted
funds
funds
2023
2023
Total Unrestrlcted Restrlcted
funds
funds
2022
2022
Total
2023
2022
Donations and gifts
158.911
1.577.478
1.736,389
1.117.670
1,450,048
2,567,724
Donatlons and glfts
Missionary & general
donations
GiftAid
Project donats'ons
145,966
12,945
145,
12,945
1.577.478 1.577,478
1,105,237
12,439
1,105,237
12,439
1,450,048 1,450,048
158,911
1,577,478
1,736,389
1,117,676
1,450,048 2,567,724
Income from Inveslments
Unre$triGted Unrestrlcted
funds
funds
2023
2022
Interest receivable
2,137
383
15-

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Other income
Unrestricted Unrestricted
funds
funds
2023
2022
Admin fee on project donations
Fee on grant applications
18.310
30,000
68,892
18,113
48,310
87,005
Expenditure on charitable activities
Charitable
activities
2023
Charitable
activities
2022
Direct costs
Stsff costs
Project expenditure
Missionary expendf(ure
YoLrth For Christ EE
COnsu￿ncY
Hospitalty
Travel costs
Bank and interest charges
Foreign exchange
Legal and professional fees
Transfer to YFC FFTN USA
33,365
1.403,831
56,591
(2,5061
66,746
4,411
68.715
730
7,506
3.141
1,006,771
11,349
1.450,047
181,277
(3341
60,630
2,469
37,727
903
31,842
2,649.301
1,776,110
Share of support and governance costs {see note n
Support
Goveman
15,781
2,580
10,593
2,660
2,667,662
1,789,363
Analysis by fund
Unrestricted funds
Restricted funds
1,090,184
1.577.478
339,315
1,450.048
2,667,662
1,789,363
16-

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs allocated to actlvltles
2023
2022
Office running costs
Professional fees
Denver costs
Govemance costs
14,591
$04
9.334
504
755
2,660
2,580
18,361
13,253
Analysed between:
Charitable activities
18,361
13,253
Govemance costs includes payments to the audrtors of £2.580 (2022- £2,660) for audit fees.
Trustees
None of the trustees lor any persons connected wtth them) received any remuneration or benefits from the
charity during the year.
Employees
The average nionthly number of efflployees during tFE year was."
2023
Number
2022
Number
Administrative staff
Consult8ncy staff
Total
Employment costs
2023
2022
ges and salaries
Social security costs
Other pension costs
30.7C6
10,568
1,819
781
33,365
11,349
Consultancy
66,746
60,830
100,111
72,179
The chanty considers its key Managem￿)1 personnel to be the Executs've Director. The total amount of
employee benefits received by key manaJement FErsonnel is £60,000 {2022: £54,930).
There were no employees whose annual remuneration vras more than £aO,000.
17-

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Taxation
The charity is exempt from Laxation on its actwities because dl its income ts applied for charitable purposes.
11 Debtovs
2023
Amounts falllng due wlthin one year.
2022
other debtors
Prepayments and accrued income
1.042,949
19,565
14,573
14.573
1.1182,514
12 Creditors: amounts falling due wrthin one year
2023
2022
Other taxation and socaal seuJrtty
Other creditors
Accruals and defe￿ed incom8
1,155
1.887
5,160
210,255
8,202
210,264
13 Retirement benefrt schemes
2023
2022
Defined contribution schemes
Charge to profit or loss in respect of defined contribution sthemes
1,819
781
The charity operates a defined contributi¢)n pension stheme for all qualtfying employees. The assets of the
stheme are held separately from those of the charity in an independently administered fund.
14 Restricted funds
The restricted fvnds of the tharity comprise the unexpended balanws of donations and grants held on trust
subject to speufic conditions by donors as to how they may be used.
At 1 January
Incoming
2023 resources
Resources
expended
At31
December
2023
Projects
1,577.478
(1,577,478)
18-

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Restricted funds (Continued
Prevlous year:
At 1 January
2022
Incomlng
resources
Resources
expended
At31
December
2022
Projects
1.450,048
(1.450,0481
This is the total money raised through donab.ons for a wde range of projects that aim to serve the Wort￿Ide
work of Youth for Christ Intemational.
Foundation for the Nations aims to draw together YFC projects from around the world wrth those who have
Ihe capacty to help them. Our motto is Weatth into Worth for the Worfd and our desire is to help those who
are cash rich but time poor to make good decisions aljout vthere to invest their hard eamed money.
15 Unrestricted funds
The unrestricted fvnds of the charity comprise the unexpended balan￿$ of donations and grants which are
not subject lo spectfic conditions by donors and grantors as to how they may be used. These include
designated fvnds which have been set aside out of unrestricted funds by the trustees for sp8Ctfic purposes.
At 1 January
2023
Incomlng
resources
Resources
expended
At31
Deeembèr
2023
De￿gnated
General funds
4,132
205,226
4,132
210,822
1.095.780
(1,090,184)
1,095,780
209,358
(1,090,184)
214,954
Previous year:
At 1 January
2022
Incoming
Resources
expended
At31
December
2022
General funds
230,031
1,205,064
1339,315}
1,095,780
Trustees have designated $5,000 at the year erKI towards the rebranding of the tharity.
16 Related party transactions
Youth For Christ Foundation for Ihe Nations US4. (YFC F￿N USA), registered in Colorado, US is a related
p8ty by virtue of tt>mmon control, 2nd hg.ld hjndq nn bg.half nf thp. rh2rity Thp. bAlanrp. hg.ld by thgm nn
behalf of the chanty at the year end was £nil (2022 - £1,042,949).
During the year the charity transferred funds totalling £883.125 {2022 - £nil) to YFC FFTN USA.
There were no other related paty transactions during the cu￿ent or p￿ViouS year.
1g-

YOUTH FOR CHRIST INTERNATIONAL FOUNDATION FOR THE NATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Cash generated from operations
2023
2022
{Deficit)Isurpus for the year
(880,826)
865,749
Adjustments for..
Investment income recognised in statement of finanaat acttvibes
(2.137)
(383)
Movements in working capital"
Decreasellincrease) in debtors
(Decrease)fincrease in credrt¢Jrs
1.047,941
(202,062)
{1,053,772)
186,518
Cash absorbed by operations
(37,084}
(1.888)
18 Analysis of changes in net funds
The charity had no material debt during the year.
-20-