Charity Registration No. 1138159
Company Registration No. 06830538 (England and Wales)
HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Fawley Judge & Easton
Chartered Certified Accountants
1 Parliament Street
Hull
East Yorkshire
HU1 2AS
HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Steve Shirra
Nigel Greenfield
Adrienne Palmer
Mark Vodden
Charity number
1138159
Company number
06830538
Registered office
All Saints Community Centre
Church HIll
South Cave
Brough
East Yorkshire
HU15 2EU
Accountants
Fawley Judge & Easton
Chartered Certified Accountants
1 Parliament Street
Hull
East Yorkshire
HU1 2AS
HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Trustees' report
1 - 2
Accountants' report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 9
HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 August 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Objectives and activities

The charity's object is to advance the Christian faith and education among young adults and children, particularly in schools and in collaboration with local churches in the Hunsley area of East Yorkshire. Activities include the support to students at South Hunsley Secondary School, provision of services for local Christian youth organisations and, advice to local primary school children about the move to secondary school.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Activities

The Trust has a variety of Christian faith out reach engagements within the parishes across the Hunsley area. Also links to local primary schools and South Hunsley Secondary School are well established.

Achievements and performance
Significant activities and achievements against objectives

Following careful planning between our workers and the school before the end of the previous term, the new school year started vey well.  This included a group for Year 7 students struggling to settle in, over first 6 weeks of new school year.  That was succeeded by a group for Year 8 students with various worries / social issues.  Our workers from Label of Love also mentored a number of students each term, working with each student selected for 30 minute sessions each week.  In response to requests from school we made videos for use during tutor time leading up to both Christmas and Easter. We also continued to deliver monthly assemblies at primary schools when asked throughout the year.

The Trustees were pleased with a successful grant application to the Ann Watsons Trust which will be used to support and enhance the services we offer.

 

Financial review

The participating church organisations provided financial support where appropriate, which enables the Trust's continuing to be in a sound financial position for now, having assessed any potential for cessation setting aside such costs as would be required. This is reviewed regularly by the Trustees.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Major risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

The Trustees are committed to continue the development of the Christian faith based activities to the local area and target group it serves.

Structure, governance and management

The charity is a company limited by guarantee registered with Companies House and the Charity Commission.

HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Steve Shirra
Nigel Greenfield
Adrienne Palmer
Mark Vodden
Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

Governance and management is performed by those appointed as trustees in accordance with the governing document.

 

Regular meetings take place with the board between its appointees and the employed youth worker and the presiding parish priests.

Relationship with related parties

There are no related party transactions.

The trustees' report was approved by the Board of Trustees.

Steve Shirra
Trustee
14 November 2024
HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HUNSLEY CHRISTIAN YOUTH TRUST LTD FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hunsley Christian Youth Trust Ltd for the year ended 31 August 2024, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 15 October 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Hunsley Christian Youth Trust Ltd and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hunsley Christian Youth Trust Ltd and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that Hunsley Christian Youth Trust Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Hunsley Christian Youth Trust Ltd. You consider that Hunsley Christian Youth Trust Ltd is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of Hunsley Christian Youth Trust Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Fawley Judge & Easton
14 November 2024
Chartered Certified Accountants
1 Parliament Street
Hull
East Yorkshire
HU1 2AS
HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income from:
Donations and legacies
3
10,433
8,767
Investments
4
101
48
Total income
10,534
8,815
Expenditure on:
Charitable activities
5
5,811
9,379
Total expenditure
5,811
9,379
Net income/(expenditure) and movement in funds
4,723
(564)
Reconciliation of funds:
Fund balances at 1 September 2023
6,276
6,840
Fund balances at 31 August 2024
10,999
6,276

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 5 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
10,999
6,276
Net current assets
10,999
6,276
Net assets excluding pension liability
10,999
6,276
The funds of the charity
Unrestricted funds
10,999
6,276
10,999
6,276

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 14 November 2024
Steve Shirra
Trustee
Company registration number 06830538 (England and Wales)
HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
1
Accounting policies
Charity information

Hunsley Christian Youth Trust Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is All Saints Community Centre, Church HIll, South Cave, Brough, East Yorkshire, HU15 2EU.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 7 -
1.5
Expenditure

Expenditure is recognised as it arises on an accruals basis.

Revenue received from supporting parishes is recognised on a receipts basis.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities 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 differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 8 -
3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
10,433
8,767
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
101
48
5
Charitable activities

Youth service provision

Youth service provision

2024
2023
£
£

Hunsley Christian Youth Mission

5,200
8,749
Share of support costs (see note )
611
630
5,811
9,379
6
Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year.

7
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Directors
4
4
There were no employees whose annual remuneration was more than £60,000.
HUNSLEY CHRISTIAN YOUTH TRUST LTD
COMPANY LIMITED BY GUARANTEE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 9 -
8
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

9
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 September 2023
Incoming resources
Resources expended
At 31 August 2024
£
£
£
£
General funds
6,276
10,534
(5,811)
10,999
Previous year:
At 1 September 2022
Incoming resources
Resources expended
At 31 August 2023
£
£
£
£
General funds
6,840
8,815
(9,379)
6,276
10
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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