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2024-03-31-accounts

Charity registration number 1000601

Company registration number 02534811 (England and Wales)

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr V Hessey Mr M Huston Mr R Leslie Ms S Nicholas Mr E Decorte Mr K Greenop Councillor A C Hodson Mr P Hanson Charity number 1000601 Company number 02534811 Registered office 56 Whetstone Lane Birkenhead Wirral Merseyside CH41 2TJ Auditor Xeinadin Audit Limited 46 Hamilton Square Birkenhead Wirral Merseyside CH41 5AR Bankers HSBC 31 The Pyramids Grange Road Birkenhead Wirral Merseyside CH41 2ZL

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

CONTENTS

Page
Trustees' report 1 - 11
Statement of trustees' responsibilities 12
Independent auditor's report 13 - 16
Statement of financial activities 17
Balance sheet 18
Statement of cash flows 19
Notes to the financial statements 20 - 37

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

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

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity's Mission remains:

"Helping to build positive futures and overcome barriers for people of all ages"

YMCAW annually reviews its strategy and revisits each year its core charitable goals and objectives, set against the benchmarks of good practice, best value and legislative compliance and in keeping with its financial resources.

In practical terms, the contribution to public benefit of YMCAW is summarised as:

  1. The provision of supported housing for homeless people, many of whom present with a range of complex health and mental health issues and addictions;

  2. Training and other support services to aid residents to progress towards "move-on" to a permanent residence, employment and independent living within a defined timescale;

  3. Additional services to young people and the wider community in the locality.

The review below looks at the success of each key activity and the benefits the charity has brought to those groups of people we are set up to help and support. The review also helps us ensure our aim, objectives and activities remain focused on our stated charitable objective. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives determined for the charity.

All objectives and activities fall within the legal remit of the charity and are defined in detail in the company's Memorandum and Articles of Association.

Environmental policy

The charity operates a policy which defines the manner and processes linked to energy efficiency and waste control and environmental issues. The Charity, maintains the quality charter-marks of ISO9001(2015) Business Management Systems and ISO 14001 (2015) Environmental Management Systems and ISO 45001 also.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Diversity policy

The Birkenhead Young Men's Christian Association (BYMCA) believes that excellence will be achieved through recognising the value of every individual by creating an environment that respects the diversity of staff, residents and learners and enables them to achieve their full potential, to contribute fully, and to derive maximum benefit and enjoyment from their involvement of the life of the BYMCA.

To this end, the BYMCA acknowledges the following basic rights for all members and prospective members of this community:

These rights carry with them responsibilities and the BYMCA requires all members of the community to recognise these rights and to act in accordance with them in all dealings with fellow staff, resident's, learners and members of the BYMCA. In addition, the BYMCA will comply with all relevant legislation and good practice.

No individual will be unjustifiably discriminated against. This includes but not exclusively, on the basis of gender, race, nationality, ethnic or national origin, religious or political beliefs, disability, marital status, social background, family circumstance, sexual orientation, gender reassignment, spent criminal convictions, age or for any other reason.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

Charitable activities

Birkenhead YMCA t/a YMCA Wirral (YMCAW) is a Registered Charity and is committed to providing a range of high-quality supported housing and life skills programmes that engage and inspire disadvantaged individuals in their life journey towards meaningful and sustainable independence.

The voluntary sector provides a range of services that support people in a number of different ways. All registered charitable organisations such as YMCAW are part of the voluntary sector, which is predominantly driven by community need.

On Wirral, the voluntary sector is made up of a variety of organisations that provide a wide range of services to the community such as advice & guidance, housing; social care, advocacy and many more community led and informed services.

Although not a Registered Provider, YMCAW sits amongst RP's and other Housing Services as an additional charitable housing resource.

YMCAW provides on behalf of these partners specialist supported housing services for homeless people, using skilled staff that are trained to manage people presenting with a variety of social and personal problems. Management Agreements are currently in place with two local RPs; Sanctuary Group and One Vision. YMCAW has a Supporting People contract issued by Wirral Metropolitan Borough Council (WMBC) to manage and support homeless male and females over 18 years of age and presenting for emergency accommodation and resettlement. The contract called for the organisation to implement a ‘Psychologically Informed Environment’ (PIE) across the organisation and focus on Trauma informed Care support.

At first glance PIE may sound complicated, but the principle of it is actually relatively simple: at its most basic, PIE is a particular approach to the development, delivery and evaluation of our services. Good Practice suggests that staff trained within this psychological framework work more efficiently with clients experiencing complex trauma, helping them to better understand their behaviour, take responsibility for themselves and develop positive relationships. This in turn helps our clients move away from rough sleeping. Essentially, PIE provides psychological safety and security for our clients. One of the prominent reasons young people end up homeless is because of the breakdown of family relationships – this particular approach aims to help them rebuild those damaged connections. Because of this, it’s a strategy that’s being adopted more and more across the whole homelessness sector.

Relationships are at the heart of how YMCAW operates. The relationship between our multi-skilled key workers and the people that access our services is particularly important, so therefore our framework for PIE will focus on this aspect of the business in particular.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

While it’s vital for our vulnerable people to understand why they feel certain ways and have the tools to be able to process and control those feelings, it’s also essential that YMCAW staff are be able to recognise and describe their needs in psychological terms – to understand the connection between thoughts, feelings and behaviours, for example, or the impact of the client’s early experiences on later life. PIE doesn’t necessarily create a new way of working, but instead builds on the knowledge our staff already hold, encourages a more reflective way of working. Therefore, our PIE is more of an evolution than a revolution, simply enhancing the good practice that already exists within our services.

Clients are referred by way of the Merseyside Mainstay programme which matches clients to specific accommodation. YMCAW also works closely with:

On admission a multi-skilled support worker is allocated to the service user and they jointly develop a Personal Development and Support Plan that focuses on the following core areas:

Within these areas any issues that can in themselves create social barriers such as dependency, mental health, anti-social behavior or disability are assessed and action taken to address these by way of internal key-work and specialised support providers. This action planning is a two-way process between the client and the Key-worker and relies upon the building of an excellent professional relationship. Programmes and activities are devised to meet each individual’s personal need and a progression plan (Outcomes Star) is plotted and regularly updated to highlight the identified life goals that have been achieved.

In August 2007 the YMCAW moved into a new purpose-built property, built on the site of the former building. The new project was developed by way of a partnership arrangement between YMCAW and Cosmopolitan Housing Association (who have since been absorbed by Sanctuary Group [SG]). The scheme ownership is jointly split 68% Housing (SG) and 32% Community (YMCAW) with ownership of the entire complex moving to YMCAW in 2037.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

YMCA Wirral has been a key community organisation for 147 years and today is a key player and partner within the voluntary sector of Wirral. The organisation continues to develop innovative services to meet the needs of its service users and continues to strive for efficiency savings in a number of areas of its operations.

YMCAW is fortunate to have a range of modern accommodation and facilities that reflect the key elements of excellence in modern day supported accommodation. All 56 bedrooms have en-suite shower, washing and wc facilities that are specifically designed to give a sense of individuality, security and comfort with access to inhouse recreational, training and personal development tutoring and mentoring that is structured to meet the needs of each individual client. The aims of this service provision are two-fold - one to reduce those caught in the "revolving door of homelessness" and two to ensure that individuals have a stronger chance of gaining sustainable accommodation, employment outcomes and access to further education.

YMCAW has a range of specially furnished and well-equipped rooms that create the best ambience for relaxed participation or observation in training and acquiring new knowledge and skills. These air-conditioned rooms are furnished with audio visual technology and facilities, lap top computers and fully comply with the needs of lessabled persons. The scope of courses available range from employability skills, catering and hospitality, customer service and care, marine industries, retailing, drug awareness. As a community resource the rooms and facilities are available at discounted or pro-bono rates. Training courses at the YMCAW aim to develop a wide variety of important personal real-life skills such as:

Revenue streams come via a variety of sources:

YMCAW has for a long-time used waterways-based activities as a therapeutic escape for service users to assist in developing team spirit, better communications and self-esteem and breaking down potential barriers in the working relationships with its clients. The boats have proved highly popular and their introduction has led to them being used in partnership with a number of organisations and charities, including primary and senior schools, Spider Project, Merseyside Police, further enhancing collaborative work and reputation. YMCAW have forged links with a number of key stakeholders and the boats and their associated training programmes for service users have won a number of awards.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Training continues to be a strong feature of much of YMCAW's service delivery. The training encompasses skills training, personal safety and what is expected of individuals whilst on-board. All who have taken part in the programmes have learned a huge amount not only about themselves and their capability to learn new skills but also have shown a marked improvement in their wellbeing and motivation to progress to better things.

In 2021 YMCAW gained funding to develop what has become a very successful triage service to street homeless persons. This year-round provision provides a high standard of accommodation to up to 5 persons at any one time and works in conjunction with Wirral MBC Housing Options Team.

Supported Housing - success and challenges

Homeless persons can access accommodation at YMCAW via a number of routes but all require initial referral via the Wirral MBC Housing Options Team. The Merseyside wide Mainstay programme matches suitable accommodation to clients’ needs and once accommodated they can access a range of services that aim to address many social issues that include isolation from friendly and caring faces and structured holistic services and support.

Housing benefit covers a large proportion of the cost of staying at the project, with residents paying a small personal charge for their meals, light and heat costs.

To meet the needs of clients and ease "bed-blocking" YMCAW have invested in two 3 bed-roomed "move-on" properties, and one lease/managed house which are now let on a shared tenancy basis to former clients of the YMCA. Additional move-on accommodation is also provided with a 7-bedroom property, which is staffed 24 hours a day and used as extra move-on low level need supported accommodation.

YMCAW continues to work closely with agencies dealing with substance misuse, alcohol and mental health. Thanks to dedicated clinical professionals, service users have fast access to their specialist skills to address their more complex underlying issues, whilst the YMCAW staff team deliver structured key work and inspirational project work that engages clients in life-skills, sports and healthy lifestyles and welfare rights.

The project also has a WMBC contract to deliver a seven day a week Controlled Drinking Environment (CDE) which has made a significant impact in reducing street drinking in the town centre area. Our highly successful CDE has delivered some outstanding results supporting and helping those with alcohol dependency. For some the results have been life changing - either partial or total abstinence of alcohol and also drugs, dramatically improved health and well-being, reconciliation with families and loved ones, returning to independent lifestyles.

During the period of this report, much effort has gone into raising awareness and marketing the organisation and the facilities and services on offer from its new building and in so doing the charity achieves its charitable objectives and continuing public benefit contribution.

In July 2019, Wirral Borough Council in partnership with YMCA Wirral were successful in its bid for a Rough Sleeper initiative programme funding which was made available through Ministry of Housing, Communities and Local Government (MHCLG)

The RSI uses various interventions that assist in reducing the number of rough sleepers in Wirral. A further key element of the assertive outreach service will be to develop and maintain close links with the Council’s Housing Options Team, Private and Social Landlords. The aim is to ensure there is a range of longer-term, permanent housing options that can be offered to rough sleepers, to ensure that intelligence regarding new and entrenched rough sleepers of those on the streets have access to appropriate emergency accommodation.

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BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Training

During 2023-2024 the charity continued to offer training that focuses on the development of individuals personal skills.

All YMCAW courses are carefully tailored to meet the wide range of learning levels and issues that confront clients and literacy and numeracy training is "softly" embedded into the programmes. Training is broken down into easy to understand highly interactive sessions that both inspire and interest the learners.

Controlled Drinking Environment – Alcohol Awareness Hub

The YMCA Wirral Alcohol Awareness Hub offers service users from the established YMCA accommodation along with, Night Triage Service and RSI Rough Sleepers, a safe place to drink indoors in a supervised and controlled, but friendly and supportive environment which is more dignified and far less detrimental to them drinking on the street.

The CDE works in collaboration with a number of external agencies and CDE service users are actively encouraged to engage with the key partners – CGL Drug and Alcohol Service, Local Addiction Support Groups, and both our Mental Health Practitioner, and Clinical Nurse for Hostel/ Homelessness.

The provision has been a refuge and valuable intervention for many services users to use and also formed a useful pathway to treatment through CGL and other external service providers. It has been a vital part of positive engagement for chronic drinkers entering both detoxification and rehabilitation. Additionally, it has helped reduce visible street drinking, litter and anti-social linked behaviour in the Birkenhead Town Centre area and has been praised by local senior Police Officers as having significantly reduced alcohol fuelled criminality and anti-social behaviour.

Emergency bedspace Triage and In-Reach Service

In March 2021, thanks to funding from MHC&LG and WMBC funding, YMCA Wirral opened a new service that offered enhanced standards of overnight accommodation for those in crisis finding themselves on the streets and with no-where to go.

Five en-suite bedrooms are grouped around a communal kitchen (one of the rooms is specially adapted for less abled persons). The rooms are furnished to a high standard and offer comfortable safe surroundings as a shortterm measure until more appropriate accommodation can be found. A dedicated In-reach worker and direct links into WMBC Housing Options Team and the RSI Team ensure that a seamless wrap around support is offered to those accessing this service.

24 Hour On Call Service

The RSI Team works between the hours of 6.00pm and 2.00am, and outside of these hours anyone in crisis can access help and support by using the dedicated support helpline for help and assistance.

North Road Supported Living Project

This emergency accommodation scheme is designed to meet the needs of service users who require urgent accommodation at very short notice with low to medium level support needs.

It has proven to be an excellent intervention and progression towards individuals achieving a fully independent lifestyle, free from barriers that prevent them from achieving their life goals and ambitions.

The scheme enables former residents who have stayed at YMCA Wirral or on occasions individuals needing “short term emergency accommodation” for whom hostel type accommodation would not be appropriate.

Volunteering

Whilst the organisation sees volunteering as a key opportunity for many, there has been a marked downturn in volunteers since Covid. Despite the current low numbers, volunteering remains a key YMCAW offer, helping volunteers build up their skills and knowledge and helping them develop employability skills. As mentioned previously high importance is placed on the value of partnerships and collaborative activities.

Quality

The Charity places high importance upon its quality systems and has successfully gained the quality chartermarks of ISO 9001 (2015) Business Management Systems and ISO 14001 (2015) Environmental Management Systems and OHSAS 45001 also. YMCA Wirral is also recognized as an Investor in people and has achieved Customer Service Excellence and Trusted Charity Level 1.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The challenges of the last 12 months

Like many organisations across the country, YMCA Wirral is seeing the consequences of the cost-of-living crisis and its impacts on the people and communities we serve. Charities have always been at the forefront of dealing with the early impacts of economic and societal shifts. There are indirect impacts on charities’ bottom lines, like potential cuts to corporate donations or trusts and foundations reducing their grant-making capacity. Inflationary pressures were already hitting our sector in the second half of 2022, but while many charities were experiencing falling income and rising operating costs, YMCA Wirral is in a good financial and stable business situation, however energy costs the risk of cuts in funding remain a concern for the foreseeable future.

During 2023/24 we saw record demands for our accommodation and support services, from an increasingly complex client group. In addition, the types of contracts we hold are not adjusted for inflation which adds to uncertainties in business planning and strategic planning. Inflationary pressures have also impacted on charitable giving, which has become more difficult to access and gain. Another challenge is the fact that fewer people are giving to charity and this is being exacerbated by the squeezes on many people’s household budgets. The organisation continues to pay down its borrowings, be aware of cyber threats and invest in the right resources for its future operations.

Among the numerous key issues that YMCA Wirral is considering are increasing financial resilience and sustainability, managing costs, reducing waste and the potential of renewable energy sources, embracing the social economy and partnerships, and increasing engagement with donors.

Many of the people we support do not have someone they can rely on in their lives or a secure place to call home. They often lack a routine or structure as they try and find their way in life. All our work is developed and delivered with these people in mind. The resilience we have sought to build within our staff team is part of the YMCA Wirral mindset – a firm conviction to believe in ourselves and our ability to adapt and deliver head on, whatever the situation. Compared to many others, we are still a small charity, but by working on our growth and developing our own self-belief as a team, we have created additional organisational resilience. Nowadays, our supported housing skills meet the increasing demands of our client group.

Many new measures are being adopted to improve operational work outputs to meet these challenges. YMCA Wirral is continually looking at ways it can meet its stakeholders needs and priorities. Our Alcohol Hub, has been reconfigured and located in our attractive green space garden areas, offering innovative support, and practical help. Our Rough Sleeper Initiative continues to provide rapid responses to those in the greatest need who find themselves living on the streets. The economic situation has led to many new pressures on people and many in society today are living in poverty. This has also happened at a time when we are seeing an increasing number of service users presenting who have extremely serious unmet mental health needs and lengthy waiting lists to access specialist services.

The wellbeing of everyone YMCA Wirral comes into contact with has been central to our work and our local responses and many achievements and successes in the period of this report – the greatest honour of which was the award of The Freedom of the Borough of Wirral in this our 150th year of operations – the highest accolade that the Council can bestow on an individual or organisation.

Financial review

Financial position

The charity's income increased from £2,006,457 to £2,194,169 during the year. The surplus for the year was £115,128 compared to a surplus of £108,877 in the previous year.

Net assets for the year were £2,123,206 (2023: £2,008,078). Cash reserves were £248,475 (2023: £351,650) after repaying £127,985 against the CHA Building Finance lease.

Reserves policy

The reserves policy is based on free reserves equal to three months hostel and administration operating costs which are approximately £260,000. Currently our free reserves are £229,543 (2023: £376,178). Unrestricted cash reserves were £218,890 (2023: £301,167).

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial risk management objectives and policies

The charity uses various financial instruments including loans, cash and various items, such as operating debtors and operating creditors that arise directly from its charitable operations. The main purposes of these financial instruments are to raise finance for the charity's operations.

The existence of these financial instruments exposes the charity to a number of financial risks, which are described in more detail below. The policies have remained unchanged from previous years.

Liquidity risk

The charity seeks to manage financial risk by ensuring sufficient liquidity is available to meet the foreseeable needs and to invest cash assets safely and profitably. Short-term flexibility if required is achieved by overdraft facilities.

Market risk

Market risk encompasses for the charity mainly price risk. The charity's policies for managing fair value interest rate risk are considered along with those for managing cash flow interest rate risk and are set out in the subsection entitled "interest rate risk" below.

Interest rate risk

The charity finances its operations through a mixture of unrestricted funds and bank borrowings. In 2006, the charity entered into an agreement with Future Builders England (now known as The Social Investment Business) to borrow funds to complete the new BYMCA building, occupied since August 2007. This debt was fully repaid in 2023.

Credit risk

The charity's principal financial assets are cash and operating debtors. The risk associated with cash is limited. The principal credit risk arises therefore from its operating debtors.

In order to manage credit risk the Trustees, under the direction and advice of their Senior Management, set limits for customers based on a combination of payment history and third party credit references. Credit limits are reviewed by the deputy chief executive on a regular basis in conjunction with debt ageing and collection history.

Plans for the future

Throughout the whole time a client resides at the YMCAW, they are offered support, training and opportunities for personal development to ensure that they gain the maximum help to enable them to move on into sustainable independent lifestyles and realistic employment opportunities and all delivered within the permitted length of stay as required by Supporting People contract.

The organisations night-time safe refuge, continues to support "Street-homeless" persons and this work reflects the YMCAW's commitment to its client groups and those in crisis. During 2023/24 over 1,916 bed night spaces were provided to "street homeless" persons with a Wirral connection, to 297 individuals.

In the current economic climate the future remains a challenging one and YMCAW remains ever mindful of the need to demonstrate clear outcomes, meet targets and offer best value to all stakeholders and to the local community.

Going concern

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason the charity continues to adopt the going concern basis in preparing the financial statements.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

Governing document

The charity is a charitable company limited by guarantee incorporated in England on 28 August 1990 and is established under a Memorandum of Association which sets out its objectives and powers and is governed by its Articles of Association.

There are no activities outside England.

The charity is managed by a Board of Trustees whose members are the directors for the purposes of company law and Charity Trustees for the purposes of charity law.

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:

Mr V Hessey Mr M Huston Mr R Leslie Ms S Nicholas Mr E Decorte Mr K Greenop Councillor A C Hodson Mr P Hanson

Recruitment and appointment of new trustees

Trustees are recruited by way of public advertisements, verbal recommendations or offers from key interested individuals who wish to be considered for Board membership. Such people are considered in respect of their skills, experience and capabilities and represent a cross section of professional and lay people representing public, private, voluntary, community and faith sectors. After formal invitation to attend a number of meetings as "observers" the process of formal acceptance takes place and is noted at the charity's Annual General Meeting (AGM). All new Trustees are registered at Companies House.

Organisational structure

The charity is governed by a Board of Trustees with a maximum of 12 Trustees appointed at any given time. The Trustees normally meet 4 times per year as a full committee and at specified periods throughout the year as subcommittees. There are currently two sub-committees representing key areas of operation covering Housing, Finance & Audit and Human Resources. The Trustees in attendance at both full and sub-committee meetings have full voting powers whilst staff members attend in a non-voting capacity.

The sub-committees act with the authority of the Main Board, working to clear terms of reference, membership criteria and meeting procedures as detailed in the charity's Articles of Association. Each committee has responsibility to report to the Board and to seek approval of the full Board for key decisions. Implicit on each meeting agenda are key items of discussion, which include health and safety, equal opportunities, risk management and declarations of interest.

The trustees delegate the day to day running of the charity to the chief executive, Nigel Hughes and deputy chief executive, Jackie Miles. Regular meetings are held to ensure that the charity's objectives continue to be met, including the review of monthly financial reports which are compared and monitored against the annual budgets.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Induction and training of new trustees

The Trustees induction procedure includes training in relation to governance, the role of a Trustee and their responsibilities and any other matters that support their role.

The current Trustees bring a diverse range of skills, from wide-ranging backgrounds that include Housing, Business, Drugs Support, Banking, Medicine, Legal Services and Youth & Community work. A recruitment drive successfully brought additional new Trustees to the Board who will stand for formal election at this year's AGM.

Key management remuneration

The trustees consider the senior management team comprise the key personnel of the charity in charge of controlling, running and operating the charity on a day to day basis.

The pay of the senior staff is reviewed annually and normally increased to the same extent as the rest of the staff. All the directors give all of their time freely and no director received remuneration in the year.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

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

Ms S Nicholas

Trustee Dated: 28 November 2024

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The trustees, who are also the directors of Birkenhead Young Men's Christian Association for the purpose 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate 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 Companies Act 2006. They 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.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

Opinion

We have audited the financial statements of Birkenhead Young Men's Christian Association (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

Extent to which the audit was considered capable of detecting irregularities, including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Helen Furlong FCCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited

28 November 2024

Statutory Auditor

46 Hamilton Square Birkenhead Wirral Merseyside CH41 5AR

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
8,156
-
Charitable activities
4
1,816,092
348,918
Investments
5
3,523
-
Other income
6
17,480
-
Total income
1,845,251
348,918
Expenditure on:
Charitable activities
7
1,730,953
348,088
Total expenditure
1,730,953
348,088
Net income and movement in
funds
114,298
830
Reconciliation of funds:
Fund balances at 1 April 2023
1,767,199
240,879
Fund balances at 31 March
2024
1,881,497
241,709		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
8,156
26,330
-
2,165,010
1,717,807
251,807
3,523
938
-
17,480
9,575
-
2,194,169
1,754,650
251,807
2,079,041
1,639,879
257,701
2,079,041
1,639,879
257,701
115,128
114,771
(5,894)
2,008,078
1,652,428
246,773
2,123,206
1,767,199
240,879		 Total
2023
£
26,330
1,969,614
938
9,575
2,006,457
1,897,580
1,897,580
108,877
1,899,201
2,008,078

All income and expenditure derive from continuing activities.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
13
Current assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
19
Net assets
Income funds
Restricted funds
22
Unrestricted funds		 2024
£
£
3,972,088
3,569
157,365
248,475
409,409
(307,851)
101,558
4,073,646
(1,950,440)
2,123,206
241,709
1,881,497
2,123,206		 2023
£
£
3,992,047
4,290
191,621
351,650
547,561
(322,630)
224,931
4,216,978
(2,208,900)
2,008,078
240,879
1,767,199
2,008,078

The financial statements were approved by the Trustees on 28 November 2024

Ms S Nicholas Trustee

Company Registration No. 02534811

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 27 290,257 46,049
Investing activities
Purchase of tangible fixed assets (115,233) (14,172)
Proceeds from disposal of tangible fixed
assets - 5,405
Investment income received 3,523 938
Net cash used in investing activities (111,710) (7,829)
Financing activities
Repayment of borrowings (150,504) (23,644)
Payment of finance leases obligations (131,218) (127,985)
Net cash used in financing activities (281,722) (151,629)
Net decrease in cash and cash equivalents (103,175) (113,409)
Cash and cash equivalents at beginning of year 351,650 465,059
Cash and cash equivalents at end of year 248,475 351,650

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Birkenhead Young Men's Christian Association is a private company limited by guarantee incorporated in England and Wales. The registered office is 56 Whetstone Lane, Birkenhead, Wirral, Merseyside, CH41 2TJ. In the event of a winding up, the liability in respect of the guarantee is limited to £1 per member.

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 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.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

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.

Income from charitable activities includes income received under contract or where entitlement to the grant funding is subject to performance conditions. Income is recognised in the Statement of Financial Activities when the related services have been provided, income in advance of those services being provided is deferred.

1.5 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 staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs are those that that assist the work of the charity but are not directly attributable to the charitable activities. Support costs include office costs, administrative payroll costs and governance costs which support the charity's activities. Where the support costs cannot be attributable to a direct activity they have been allocated to the costs of raising funds and charitable activities on a pro-rata basis.

Governance costs represent costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Assets costing £500 or more are capitalised as tangible fixed assets and are carried at cost, net of depreciation and any provision for impairment.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% on cost Fixtures and fittings 33% & 20% on cost Motor vehicles 25% on cost Boat 10% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.9 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.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

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.

1.11 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.12 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.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14 Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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.

3 Donations and legacies

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 8,156 26,330

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities

Charitable Charitable Services
Services for for the Community
the
Community
2024 2023
£ £
Hostel & related income 1,792,836 1,664,521
Grants 372,174 305,093
2,165,010 1,969,614
Analysis by fund
Unrestricted funds 1,816,092 1,717,807
Restricted funds 348,918 251,807
2,165,010 1,969,614
Performance related grants
Alcohol Project Grant 80,705 48,542
Assertive Outreach 196,073 144,556
Triage 61,932 52,865
Tackling Loniness 469 -
E A Rathbone - Cookery 1,400 -
Lotto Make Do & Mend - 538
Covid-19 Grants - 49,836
Groundwork Arts & Crafts 1,072 -
Sport England 2,589 -
Food for Life 250
Police & Crime 8 -
Community Foundation 809 -
One Wirral Digital 3,283 2,348
Warm Welcome Morrisons (Warm Hub) - 89
Arnold Clark - Cookery 188 812
Get A Move On 140 2,058
Y Cruise Grant 23,256 3,450
372,174 305,093

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5 Investments

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Interest receivable 3,523 938
Other income
**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Other income 17,480 9,575

6 Other income

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

7 Charitable activities

Charitable
Charitable
Services for
Services for
the
the
Community Community
2024 2023
£ £
Staff costs 1,041,764 988,034
Depreciation and impairment 135,191 129,822
Rent,rates & water 34,163 54,540
Heat & light 58,931 59,301
Insurance 13,153 24,521
Advertising & printing postage & stationery 11,505 14,194
Computers & phone 28,615 21,523
Motor & travel 6,763 7,831
Other costs 96,621 88,805
Repairs & maintenance 70,923 91,423
Fees & subscriptions 12,427 10,802
Other staff costs 20,181 6,411
Hospitality 12,660 5,120
Hostel catering 71,144 60,555
Residents benefits & outings 10,383 13,230
Projects expenditure 144,020 73,423
Profit/loss on fixed asset disposals - 1,405
1,768,444 1,650,940
Share of support costs (see note 8) 292,582 224,718
Share of governance costs (see note 8) 18,015 21,922
2,079,041 1,897,580
Analysis by fund
Unrestricted funds 1,730,953 1,639,879
Restricted funds 348,088 257,701
2,079,041 1,897,580

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

8
Support costs
Support
costs
Governance
costs
2024
£
£
£
Staff costs
124,010
-
124,010
Bank charges
1,257
-
1,257
Loan & finance lease
interest
149,480
-
149,480
Legal & professional fees
17,835
-
17,835
Audit fees
-
6,000
6,000
Accountancy fees
-
12,015
12,015
Trustees expenses
-
-
-
292,582
18,015
310,597
Analysed between
Charitable activities
292,582
18,015
310,597
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets		 Support
costs
Governance
costs
£
£
96,082
-
1,248
-
130,257
-
(2,869)
-
-
6,000
-
15,450
-
472
224,718
21,922
224,718
21,922
2024
£
6,000
135,191		 2023
£
96,082
1,248
130,257
(2,869)
6,000
15,450
472
246,640
246,640
2023
£
6,000
129,822

10 Trustees

During the year trustees expenses of nil were incurred (2023: £472).

The charitable company has incurred a cost of £1,296 (2023: £1,296) in providing indemnity insurance to the trustees. The insurance covers protection for the charity from loss arising from the neglect or defaults of its trustees, employees or agents, and to indemnify the trustee against the consequences of any neglect or default on their part.

11 Employees

The average monthly number of employees during the year was:

Project staff
Managment & administration
Support staff
Total		 2024
Number
12
9
21
42		 2023
Number
20
5
19
44

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2024
2023
£
£
1,048,594
989,295
82,387
64,788
34,793
30,033
1,165,774
1,084,116		 (Continued)
2024
2023
£
£
1,048,594
989,295
82,387
64,788
34,793
30,033
1,165,774
1,084,116
1,084,116

The key management personnel of the charity comprise the Chief Executive, the Deputy Chief Executive and Senior Support Manager whose employee benefits total £185,358 (2023: £172,454).

The number of employees whose annual remuneration was more than £60,000 is as follows:

2024 2023
Number Number
60,001 - 70,000 1 1

12 Taxation

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

13 Tangible fixed assets

Freehold land
and buildings
Fixtures and
fittings
£
£
Cost or valuation
At 1 April 2023
4,138,238
249,410
Additions
109,035
6,198
At 31 March 2024
4,247,273
255,608
Depreciation and impairment
At 1 April 2023
234,389
208,328
Depreciation charged in the year
114,785
15,927
At 31 March 2024
349,174
224,255
Carrying amount
At 31 March 2024
3,898,099
31,353
At 31 March 2023
3,903,850
41,082		 Motor
vehicles
£
31,924
-
31,924
24,149
4,068
28,217
3,707
7,775		 Boat
£
120,163
-
120,163
80,823
411
81,234
38,929
39,340		 Total
£
4,539,735
115,233
4,654,968
547,689
135,191
682,880
3,972,088
3,992,047

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

13 Tangible fixed assets (Continued)

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance The net carrying value of tangible fixed assets includes the following in respect of assets held under finance The net carrying value of tangible fixed assets includes the following in respect of assets held under finance
leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £89,244
(2023 - £89,244)
2024 2023
£ £
Freehold property 2,982,268 3,071,512

56 Whetstone Lane property was revalued to its market value as at 31 March 2021 by Thomson & Associates who are independent chartered surveyors.

At 31 March 2024, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been £2,862,609 (2023: £2,963,165).

14
Stocks
Finished goods and goods for resale
15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Loans and overdrafts
Other loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments		 2024
£
3,569
2024
£
9,098
583
147,684
157,365
2024
£
-
-
-
-		 2023
£
4,290
2023
£
16,674
1,932
173,015
191,621
2023
£
150,504
23,262
127,242
50,335

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

16 Loans and overdrafts

(Continued)

The loan from Future Builders England (FBE) is secured against the charity's freehold property. The current interest is 6.25% (3% over base) and the loan is repayable over 25 years from October 2007, however due to the recent rise in interest rates a decision was made to repay the loan in full. This was done on 2 October 2023.

17 Finance lease commitments

Future minimum lease payments due under finance leases:

Within one year
Within two and five years
In over five years		 2024
£
127,985
545,103
1,405,337
2,078,425		 2023
£
127,985
545,103
1,536,555
2,209,643

18 Creditors: amounts falling due within one year

Notes
Obligations under finance leases
17
Other loans
15
Other taxation and social security
Deferred income
21
Trade creditors
Pension control
Other creditors
Accruals and deferred income
Creditors: amounts falling due after more than one year
Notes
Obligations under finance leases
17
Other loans
15		 2024
£
127,985
-
22,289
29,585
65,932
4,547
1,325
56,188
307,851
2024
£
1,950,440
-
1,950,440		 2023
£
127,985
23,262
21,101
50,483
72,093
4,376
2,623
20,707
322,630
2023
£
2,081,658
127,242
2,208,900

19 Creditors: amounts falling due after more than one year

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

20 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 34,793 30,033

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

21 Deferred income

2024 2023
£ £
Arising from Performance related grants 29,585 50,483
Deferred income is included in the financial statements as follows:
2024 2023
£ £
Deferred income is included within:
Current liabilities 29,585 50,483
Movements in the year:
Deferred income at 1 April 2023 50,483 19,030
Released from previous periods 24,808 44,984
Resources deferred in the year (45,706) (13,531)
Deferred income at 31 March 2024 29,585 50,483

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers Gains and At 31 March
2023 resources expended losses 2024
£ £ £ £ £ £
Boat Fund 37,915 - - - - 37,915
Property
Development
Fund 202,964 - (5,892) - - 197,072
WBC - Alcohol
Project - 80,705 (73,983) - - 6,722
WBC - Assertive
Outreach - 196,073 (196,073) - - -
Triage - 61,932 (61,932) - - -
Lottery Tackling
Loiness - 469 (469) - - -
E A Rathbone
Cookery - 1,400 (1,400) - - -
Groundwork
Arts & Crafts - 1,073 (1,073) - - -
Food for Life - 250 (250) - - -
Sport England -
Y Get Active - 2,589 (2,589) - - -
One Wirral
Digital - 3,283 (3,283) - - -
Police & Crime - 8 (8) - - -
Arnold Clark - 188 (188) - - -
Get a Move On - 140 (140) - - -
Community
Foundation - 809 (809) - - -
240,879 348,919 (348,089) - - 241,709

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Restricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers Gains and At 31 March
2022 resources expended losses 2023
£ £ £ £ £ £
Boat Fund 37,915 - - - - 37,915
Property
Development
Fund 208,858 - (5,894) - - 202,964
WBC - Alcohol
Project - 48,542 (48,542) - - -
WBC - Assertive
Outreach - 144,556 (144,556) - - -
Triage - 52,865 (52,865) - - -
National Lottety
- Bike Project - 538 (538) - - -
Get a Move On - 2,057 (2,057) - - -
One Wirral
Digital 2,348 (2,348) - - -
Warm Welcome
Morrisons
(warm hub) 89 (89) - - -
Arnold Clarke -
cookery - 812 (812) - - -
Get a move on
246,773 251,807 (257,701) - - 240,879

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Restricted funds

(Continued)

The Boat Fund represents grant funding received for the purchase of boats to be used on specific chartable activities within the wider objects of the charity.

The Property Development Fund is for the development of the Whetstone Lane site, which was opened in September 2007. Funds have been classified as restricted as the charity is required to fulfil certain conditions from each of the respective funding bodies for varying time periods following the initial purchase and the assets are required to be used for specific purposes within the wider objects of the charity. Alcohol project - To provide a safe supervised space for dependant drinkers to control and reduce their alcohol consumption and to participate in a safe social space.

Assertive Outreach - Outreach service to provide outreach work across Wirral to identify and contact Rough Sleepers to actively encourage them to move into appropriate accommodation.

Triage - in-reach work within the organisation triage assessment beds for those who temporally been placed in triage to actively support in personalised support plans to assist moving into more appropriate short or longterm accommodation.

National Lottery Bike Project- Project to provide clients with the skills to repair and maintain their own bikes.

One Wirral Digital- Project to provide clients with basic IT skills, help to access property pool & U/ C Journals & wellbeing apps.

Warm Welcome Morrisons- Warm hub for residents living in local area- open every Wednesday from (JanMarch).

Arnold Clark- 20 Slow cooking sessions for clients in North Road- teaching budgeting, meal planning & affordable cooking.

Get a Move on- Life skills sessions for all clients including- Home skills, Healthy relationships & self care.

WW1 Heritage Grant- Project to explore YMCA Wirrals contribution to support the soldiers and community in WW1.

Acc Liverpool Foundation- Cookery sessions to improve clients literacy and numeracy skills.

Steel Charitable Trust- funding to refurbish the emergency triage area.

Soil association - Food for life - funding for a community event to bring the local residents into the YMCE garden.

Community Foundation - Peel Ports - to provide essential life skills to clients including meal planning, budgeting & basic cookery skills.

Eleanor Rathbone - to deliver cookery skills sessions in the main hostel (teatime/toasties)

Police & Crime Commission - funding to twin with a local organisation.

National Lottery - Tackling loneliness - to deliver a range of activities to reduce social isolation and loneliness in the hostel.

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

23 Unrestricted funds - Charity

Movement in funds Movement in funds
Balance at Incoming Resources **Transfers ** Revaluation Balance at
1 April 2023 resources expended gains/losses 31 March
2024
£ £ £ £ £ £
General unrestricted funds 1,767,199 1,845,251 (1,739,103) - - 1,873,347
1,767,199 1,845,251 (1,739,103) - - 1,873,347
Comparative information in respect of the preceding year is as follows:
Movement in funds
Balance at Incoming Resources **Transfers ** Revaluation Balance at
1 April 2022 resources expended gains/losses 31 March
2023
£ £ £ £ £ £
General unrestricted funds 1,652,428 1,754,650 (1,639,879) - - 1,767,199
1,652,428 1,754,650 1,639,879 - - 1,767,199
Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Fund balances at 31
March 2024 are
represented by:
Tangible assets 3,730,379 241,709 3,972,088 3,751,168 240,879 3,992,047
Current assets/(liabilities) 101,558 - 101,558 224,931 - 224,931
Long term liabilities (1,950,440) - (1,950,440) (2,208,900) - (2,208,900)
1,881,497 241,709 2,123,206 1,767,199 240,879 2,008,078

24 Analysis of net assets between funds

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2024
£
16,930
27,494
44,424		 2023
£
16,594
9,636
26,230

BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

25 Operating lease commitments

(Continued)

26 Related party transactions

On 1 April 2019 the charity entered into a 5 year lease on a residential property with CCH Properties Limited. During the year under review the charity paid an annual rent of £5,100 (2023: £5,100), agreed as being a 15% discount to the market rent for the property. Mr M Huston, a trustee of the charity, is a minority shareholder in CCH Properties Limited. This lease finished in March 24 and in April 2024 they have entered into a new 5 year lease with CCH Properties with a slight increase making it £5,436 per year.

During the year monies totalling £140 (2023 £105) where paid to the daughter of trustee Ms S Nicholas for consultancy services provided.

27
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
(Decrease)/increase in deferred income
Cash generated from operations
28
Analysis of changes in net (debt)/funds
At 1 April 2023
£
Cash at bank and in hand
351,650
Loans falling due within one year
(23,262)
Loans falling due after more than one year
(127,242)
Obligations under finance leases
(2,209,643)
(2,008,497)		 2024
2023
£
£
115,128
108,878
(3,523)
(938)
135,191
129,822
721
(596)
34,256
(94,958)
29,381
(127,612)
(20,898)
31,453
290,256
46,049
Cash flowsAt 31 March 2024
£
£
(103,175)
248,475
23,262
-
127,242
-
131,218
(2,078,425)
178,547
(1,829,950)