Charity registration number 1000601 (England and Wales Company registration number 02534811 BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 • xeinadin
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr P Hanson Mr M Huston Ms S Nicholas Mr E Decorte Mr K Greenop CouncillorA C Hodson Mr R J Leslie Mr N Young MrA P McKeon (Appointed 28 March 2025) (Appointed 5 June 2025) Charity number (England and Wales) 1000601 Company number 02534811 Registered office 56 Whetstone Lane Biikenhead Wirral Mersey8ide CH412TJ Auditor Xeinadin Audit Limited 46 Hamilton Square Birkenhead Wirral Merseyside CH415AR Bankers HSBC 31 The Pyramids Grange Road Birkenhead Wirral Merseyside CH412ZL
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent auditor's report 10-13 Statement of financial activitl8S 14 Balance sheet 15 Statement of cash flows 16 Notes to the financlal statemenls 17-33
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are pleased to present their Annual Report and Financial Statements for the year ended 31 March 2025. These statements have been prepared in line with Ihe accounting policies set out in Note 1 and fully comply with the charity's Articles ofA5socialion, the Companies Act 2006. and the Statement of Recommended Practice.. Accounting and Reporting by Charities (FRS 102), as amended for accounting periods beginning on or after 1 January 2016. Objectives and activities Our mlssion remains clear and unwavering- "Helping to bulld posltlve futures and overcome barrlers for people of all ages." Each year. YMCA Wrral {YMCAW) reviews its strategy to ensure our goals remain relevant, achievable, and firmly rooted in best practice, legislative compliance, and financial sustainability. In practice, our Gontribution to public benefit is expressed through.. Provjding supported housing for homeless individuals, many of whom face complex health, mentsl health, and addiction challenges. Delivering training and tailored support servlces to help residents transition towards permanent housing, employmenl, and inéependent living. Offering additional services to young people and the wider community, Strengthening local resilience and opportunity. Thls review highlights the impacl of our work, ensuring our activities remain align@d wilh our charitable objectives and the Charity Commission's guidance on public benefit. Environmental Pollcy YMCAW is committed to sustalnability. We operate policies that promote energy effiGiency, waste reduotion, and environmental responsibility. Our dedication is reflected in maintaining internationally recognised standards-. ISO 9001 12015)- Business Management Systems ISO 14001 (2015)- Environmental Managemenl Systems ISO 45001- Occupational Health and Safety Dlverslty policy At Biikenhead YMCA, we believe excellence is achieved by valuing every individual. We strive to create Sn environment that respects diversity and empowers staff, residents, and le8rners to reach their full potential. We uphold the following rights for all members of our community.. To be treated with respect and dignity To be treated fairly in all procedures and choices To receive encouragement to achieve their full potential These rights come with responsibilities, and we expect all members of our community to act in accordance with them. We comply fully with relevant legislation and good practice, ensuring no one is unjustifiably discriminated against whether on the basis of gender, race. nationality. religion. disability, social background. sexual orientation, age. or any other characteristic.
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Significant activities and achievements agalnst objectlves YMCA Wirral is proud to be a Registered Charily dedicated to providing high-quality supported housing and life skills programmes that inspire disadvantaged individuals to move towards independence. The voluntary sector on Wirral is diverse and vibrant, encompassing organisations that deliver hoLBing, advice, advocacy, social care, and community-led services. YMCAW plays a vital role within this ecosystem, offering specialist supported housing services in partnership with local Registered Providers such as Sanctuary Group and One Vision. Through our Supporting People contract with Wrral Metropolitan Borough Council, we provide emergency accommodation and resettlement ServIS for homeless adults. Central to this work is our implementation of a Psychologically Informed Environment (PIE), with a strong emphasis on trauma-informed care. At tts core. PIE is aboul creating services that recognise the psychological need5 of individuals. Staff trained in this approach are better equipped to support clients experiencing complex trauma, helping them understand Ihelr behaviours, take responsibility, and build healthier relationships. This framework not only supports individuals in movlng away from rough sleeping bul 8lso helps rebuild family connectionften a key factor in preventing homelessness among young people. Relationships are the heartbeat of YMCAW. The bond beeen our skilled key workers and the people they support is central to our success. PIE strengthens this by encouraging staff to reflect on the psychological dimensions of their work-conneGting thoughts, feelings, and behaviours, and recognising the lasling impact of early experiences, Rather than reinventing our approach, PIE enhan$ the strong foundation of good practice already in place. It is an evolution, not a revolution deepening our commitment lo providing safe, supportive, and transformative environments for those who need us most. Facllltles and Accommodation In August 2007, YMCAW moved into a purpose-built property developed in partnership with C05mopolitan Housing Association (now part of Sanctuary Group). Ownership of the scheme is currently split-88Oh Housing (SGI and 32% Community (YMCAW) with full ownership transferring lo YMCAW in 2037. Today, YMCAW offers 56 modern en-suite bedrooms, each designed to provide individuality, security, and comfort. Residents also benefit from access to recre8tion81 spaces, training programmes, and personal development mentoring. The aims of this provision are 0fOld.. To bre8k the cycle of homelessness and reduce reliance on emergency accommodation. To equip individuals with the 5ki115 and confidence needed to secure sustainable housing, employment, and education opportunities. Homeless individuals can access accommodation at YMCA Wirral IYMCAW) through several routes, but all referrals begin with the Wlrral MBC Houslng Optlons Team. From there. the mers8yside.wide Mainstay programme matches clients to suitable accommodation based on their needs. Once housed, residents are welcomed inlo a supportive environment where they can access holistic services designed to tackle social challenges such as isolation, poor health, and lack of opportunity. Housing Benefit covers the majority of the cost of staying at the project, with residents contributing a small personal charge towards meals, heating, and lighting.
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Partnerships Clients are referred to YMCA Wial (YMCAW) through the Merseyside Mainstay programme, which carefully matches individuals to the most suitable accommodation. Alongside this, YMCAW works in close partnership with a wide neOrk of agencies and community stakeholders, including.. WMBC Housing Options Team Probation Services Local Police forces HMP Liverpool and HMPAltcourse Youth Offending Teams Other hostels and housing providers Parents and relatives Churches and faith organisations Primary Care Trusts These partnerships ensure that every client receives the right support at the right time, with services tailored to their unique circumslances. Personal Development and Support On admission, each service user is allocated a multl-skllled sUPPOrt worker. Together, they co-create a Personal Development and Support Plan Ihat focu5es on five key areas.. Health & Wellbeing Education Employability Skills Life Skills Readiness to secure a future tenancy thin these 8reas, barriers such as dependency, mentsl health challenges, anti-social behaviour, or disability are identified and addressed through a mix of inlernal key-work and specialist extemal support. This is a two-way process, built on trust and strong professional relationships. Progress is tracked using the Outcomes Star framework. which maps achievements against life goals and ensures each Individual's journey is recognised and celebrated. Partnerships and Specialist Support YMCAW works closely with agencies addressing substance misuse, alcohol dependency• and mental health. Thanks lo dedicated clinical professionals, service users gain rapid access to specialist care, while YMCAW staff deliver structured key work, life-skills training, sports, healthy lifestyle programmes, and welfare rights support. This combination of clinical expertise and practic81 support helps residents tackle complex Issues whSle building resilience and independence.
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Controlled Drinking Environment {CDE) Through a contract with WMBC, YMCAW operates a seven-day-a-week Controlled Drinking Environment (CDE), which has had a transformative impact on reducing street drinking in Birkenhead town centre. The CDE provides a safe, supervised, and dignified Spa for individuals struggling with alcchol dependency. Outcomes have been remarkable: Partial or total abstinence from alcohol and dwgs Improved health and wellbeing Reconciliation with families and loved ones Return to independent living Local Police have pralsed the initlative for significantly reducing alcohol-related crime and anti-social behaviour. The YMCA Wlrral Alcohol Awareness Hub extends support to residents, Night Triage Service users, and RSI rough sleepers. 11 offers a safe, SupeIsed environment for drinking indoors, reducing the harms associated with street drinking. Working in collaboration wth extern81 agencies such as CGL Drug and Alcohol Servlce. local addiction support groups, and mental health practits'oners, the Hub has become a vital pathway into detoxification and rehabilitation.11 has also reduced visible street drinking, litter, and alcohol-fuelled anti-social behaviour in Birkenhèad town centre. Rough Sleeper Inltlatlve (RSI In July 2019. YMCAW and Wrral Borough Council secured funding from the Ministry of Houslng, Communities and Local Government IMHCLG) to delivèr the Rough Sleeper Initiative. The RSI combines a8sertiV8 outreach with strong partnerships across Housing Options Teams, private18ndlords, and social landlords. Its aim is to reduce rough sleeping by ensuring access to emergency accomrnodation and developing pathway5 into longer-term, permanent housing. Innovation: Triage Service In 2021, YMCAW secured funding to launch a triage service for street homeless Indlvlduals. This year-round provision offers high-quality accommodation for up to six people at a time, working closely with Wirral MBC Housing Options Team. This initiative has already proven highly successful, providing immediate relief and structured support to some of the most vulnerable metnbers of the community. move.on Accornmodation To ease °bed-blocking" and support progression, YMCAW has invested in.. Three 3 bedroom "move-on" properties and one leaselmanaged 3 bedroom house. let on a shared tenancy basis to former YMCA clients A 6 bedroom property, staffed 2417, offering low-level supported accommodation These facilitie5 provide a crucial bridge between emergency housing and independent living, giving residents the chance to build slability and confidence before moving into permanent homes.
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Waterways Programme Revenue and Sustainability YMCAWS operations are supported by a diverse range of revenue streams, including.. Supporting People contracts Housing Benefit Income from training activities and wateways programmes Revenues from external YMCAW housing projects Charitable donations Capital grants for equipment and furniture Thls mix of funding ensures resilience and allows YMCAW to contlnue innovating and expanding its services. Challenges of the Last 12 Months Like many organisations across the UK, YMCA Wirral has felt the impact of the cost-of-living crisis and the strain il places on the communities we serve. Charities are often the first to respond to the ripple effects of economic and social change, and we have seen this first-hand. Rising inflation has squeezed household budgets, leading to fewer charitable donations and reduced grant. making capacity from trusts and foundations. Energy costs and the risk of funding cuts remain ongoing concems. Contracts that are not inflation-adjusted add uncertainty to both business and str8tegic planning. Demand for our accommodation and SUPF)Ort service5 has reached cOrd levels, with clients presenting increasingly complex needs. Despite thes8 pressures, YMCA Wirral remains in a stable financial position, continuing to psy down borrowings, Invest in resources, and remain vigilant against risks such as cyber threats. Building Resilience Our focus has been on strengthening organlsational resilience and sustainabilFty. Key prioritles Include.. Increasing financial resilience and sustainability Managing ccsts and reducing waste Exploring renewable energy sources Embracing the soci81 economy and partnerships Deepening engagement with donors At the heart of our work are the people we support-many of whom lack a secure home, routine. or someone they can rely on. Our staff team has shown remarkable resilience, embodying the YMCA Wirral mindset.. a convlctlon to adapt, deliver, and believe In our collectlve ability to overGome Ghallenges. Though we remain a relatively small charity, our growth and self-belief have enabled us lo meet the rising demands of our client group with confidence and skill. Financial Review The charity's income increased from £2,194,169 to £2,315,S45 during the year. The surplus for the year was £53,960 compared to a surplus of £115,128 in the previous year. Net assets for the year were £2,177,166 (2024: £2,123,206). Cash reserves were £342,755 (2024.. £248,475> after repaying £127,985 against the CHA Building Finance lease.
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy The reserves policy is based on free reserves equal lo three months hostel and administration operating costs which are approximately £260.000. Currently our free reserves are £242,240 {2024.' £229,543). Unrestricted cash reserves were £301,446 (2024.. £218,890). Financial Risk Management YMCA Wirral uses financial instruments such as loans, cash, operating debtors, and creditors to support its charitable operations. These expose the charily lo several risks, which are managed through established policies- Liquidity Risk.. Ensuring sufficient liquidity to meel foreseeable needs, with overdraft facllltles available for short-term flexibility. Market Rlsk: Primarily price risk. managed alongside fair value and cash flow interest rate risks. Interest Rate Risk.. Operations are financed through unrestricted funds and bank borrowings. The debt incurred in 2006 to complete the new BYMCA building was fully repaid in 2023. Credlt Rlsk: Principal financial assets are cash and operating debtors. Credit risk is managed by setting customer limits based on payment history and third-party references, reviewed regularly by senior management. Plans for future perlods At YMCA Wirral (YMCAW), every client is supported throughout thelr stay with tailored training, personal development opportunities, and structured guidance. The goal is simple yet powerful.. to help individuals move on to Sustainable independent living and realistic employment opportunities, all within the permitted length of stay defined by the Supporting People contract. Our nlght-tlme safe refuge continues to provide vital support for those experiencing street homelessness In 2024125 we provided over 1,711 bed night spaces to homeless individuals and our Outreach team supported 319 rough sleepers with a Wirral Connection. Looking ahead, the economic climate remains challenging. YMCAW is mindful of the need lo demonstrat8 clear outcomes, meet targets, and deliver best value to stakeholders and the wider community. Going Concern The Trustees have a reasonable expectation that YMCAW has adequate resources to continue operating for the foreseeable future. Accordingly, the charity prepares its financial statements on a going Concern basls. Structurei governance and management Governing document YMCAW is a charilable company limited by guarantee, incorporated in England on 28 August 1990. It is established under a Memorandum ofAs50ciation and govemed by its Articles of Association. All activities are conducted within England. The charity is overseen by a Board of Trustees, who act bolh as directors under company law and as charity trustees under Gharily law.
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Irustees, 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 P Hanson Mr V Hessey Mr M Huston Ms S Nicholas Mr E Decort8 Mr K Greenop CouncillorA C Hodson Mr R J Leslie Mr N Young MrA P McKeon (Resigned 27 March 2025) (Appolnted 28 March 2025) (Appointed 5 June 2025) Recrultment and appolntment of new trustees Trustees are recruited through public advertisements. recommendations, or expressions of interest from individuals keen to contribute. Candidates are assessed on their skills, experience, and ability to repsent a cross-section of public, private. voluntary. community, and faith sectors. Prospective Trustees attend meetings as observers before formal acceptan, which is confirmed at the Annual General Meeting {AGM). Al n8w Trustees are registered at Companies House. Organisational structure The Board of Trustees governs the charity, with a maximum of 12 members appointed at any time. The Board meets four times per year, with additional meetlngs held by sub-committees. Currently, there are two SUe0MmItteeS covering.. Housing, Finance &Audit Human Resources Sub-committees operate under clear tenns of reference and report back to the full Board for key d6risions. Each agenda Includes essential items such as health and saf8ty, equal opportunities, risk managemenl, and declarations of inlerest. 2025 has marked a significant momenl in YMCA Wrral's history as long-standing Chief Executive Officer, Nigel Hughes, announced his retirement, The Board of Trustees has appointed a new CEO, Nanette Mellor to lead the organisation into ils nexi chaptér. Thls transition has been carefully managed to ensure continuity of seNices and stabillty for staff, volunteers. and the communities we serve. We extend our deepest gratitude to Nigel for his years of dedicated service to the organisation. Induction and training of new trustees New Trustees undergo an indudion programme covering governance. responsibilities, and other matter5 relevant to their role. The current Board brings a diverse range of expertise. including housing, business, banking, medicine, legal services, drugs support. and youlh & community work. A recent recruitment drive has successfully adthd new Trustees, who will stsnd for formal election at the upcoming AGM.
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Key management remuneration The Trustees regard the senior management team as the charity's key personnel, responsible for daily operations. Senior staff pay is reviewed annually and normally increased in line with the wider staff team. Tru*ees themselves give their time freely, with no remuneration received during the year. Disclosure of information to auditor Each Trustee has confirrned that there is no relevant audit information of which they are aware that has not been disclosed to the auditor. Trustees have taken appropriate steps to ensure the auditor is fijlly informed. The trustees. report was approved by the Board of Trustees. Ms S Nicholas Trust88 Date.. 11: i 1...2c.S...................
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of Birkenhead Young Men's Christian Association for the wrpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accx)rdance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practsce). Company law requires the trustees lo pr8pare financial statemenls 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 reSoUrs, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and Ihen apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charfty will continue in operation. The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the charily and enable them to ensure that th8 financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charlty and hence for taking reasonable steps for th8 prevention and detection of fraud and other irregularikn'es.
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 Associalion {the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, th& statement of cash flows and notes to the financial statements, including 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 Th8 Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, Ihe financial statements.. give a true and fair view of the stale of the charitable company's affairs as at 31 March 2025 and of its incoming resources and applicalion of resources. including its income and expenditure. for the year then ended., hav& b@en properly prepared in accordance with United Kingdom Generally Accepted Accounllng pract1,. end have been prepared in accordants with the requirements ofthe Companies Act 2006. Basls 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 Auditorfs r8sponsibililies for the audit ol 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. Concluslons relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of Ihe financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to evenls or conditions that, individually or collectively, may casl significant doubl on the charity's ability lo continue as a going concern for a period of at least 1ve 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 Informatlon 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 misstaled. If we identify such material inconsistencies or apparent material misstatemenls, 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 infomiation, we are required to report thal fact. We have nothing lo report in this regard. 10
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audil: the information given in the trustees, report for the financial year for which the financial statements are prepared, which includes the directDrs' report prepared for the purposes of company law, is consistenl with the financial statements,. and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the light of the knowledge and understandino of the charity and its environment obtained in the course of the audit, we have not identified material misststements 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 lo report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial ststements are not in agreement with the accounling records and returns. or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information 8nd explanations we require for our audit-, or the trustees were not entitled to prepare the financial statements in accordanGe with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustoes As explalned 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 staternentS that are free from material misstatement, whether due to fraud or error. In preparing the financial stgtements, the trustees are responsible for assessing the charity's ability to continue as a going Goncem. disclosing, as applicable, matters related to going concem and using the going contsm basis of accounting unless the Iruslees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do SD. Audltor's responslbllltles for the audit of the financial statements Our objeclives 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 bul is not a guarantee thal an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered m2lerial if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis cf these financial statements. The extent to which our procedures are capable of detecting Irregularitles, Including fraud, is detailed below. 11
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION Extent to whlch the audit was consldered capable of detecting Irregularities, including fraud Our approach to idenlifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations. was as follows.. the engagement partner ensured that the engagement team colledively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations- we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our knowledge and experience of charity sector., we focused on specific laws and regulations which we considered may have a direct material effect on the Inancial statements or the operations of the charity, including the Companies Act 2006, Charities Act 2011, dala protection, anti-bribery, employment, food hygiene and health and safety legislation- we assessed the extent of compliance with the laws 8nd regulations identified above through making enquiries of management team and inspecting legal corre5pondence,' and identified laws and regulations were communicaled within the audit team regularly and the team remained alert to instances of non- cornpliance throughout the audit. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtainlng an understanding of how fraud might occur, by: making enquiries of management team as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud- and considering thé internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management blas and override of controls, we: performed 8nalytieal prOdureS to identify any unusu81 or unexpected relationships., tested joumal entries to identify unusual Iransactions., assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias., and investigaled the rationale behind 51gnificant or unusual transactions. In response to Ihe risk of irregularities and non-compliance with laws and regulations, we designed prOdureS which included, bul were not limited to.. 8greeing financial statement disclosures to underlying supporting documentation,. enquiring of management as to actual and potential litigation and claims; and reviewing correspondence with HMRC and relevant regulators. 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 Ihe 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 8S they may involve deliberate concealment or collusion. A further descriplion of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 www.frc.org.uklaudilorsresponsibilitie5. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body. in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charilaise company's members Ihose 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 charilable company's members as a body, for our audit work, for this report. or ft)r the opinions we have fomied. 12-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION Helen Furlong FCCA (S nior Statutory Audltor) For and on behalf ofxeinadin Audit Limited, Statutory Auditor Accountants 46 Hamilton Square Birkenhead Wirral Merseyside CH41 SAR 13-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Investments Other income 35,431 1,790,682 2,934 11,333 35.431 475.565 2,266.247 2,934 11,333 8,156 1,728,478 3,523 17,480 8,156 436,534 2,165,010 3,523 17,480 Total income 1,840,380 475,5e5 2,315,945 1,757,635 436.534 2,194,169 Expendlture on: Charitable activities 1,781.602 480,383 2,261,985 1,643,337 435,704 2,079,041 Total expendlture 1,781,602 480,383 2,261,985 1,643,337 435,704 2,079,041 Net incomel(expenditurel and movement In funds 58,778 (4,818) 53,960 114,298 830 115,128 Reconciliation of funds: Fund balances at 1 April 2024 1,881.497 241,709 2,123,206 1,767,199 240,879 2,008,078 Fund balances at 31 March 2025 1,940,275 236,891 2,177,166 1,881,497 241,709 2,123,206 All income and expenditure derive from continuing activities. 14-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 13 3,878,816 3,972,088 Current assets Stocks Debtors Cash at bank and in hand 14 15 3,742 86,111 342,755 3,569 157.385 248,475 432,608 409,409 Creditors: amounts falling due wlthln one year 17 {318,353) (307.851) Net current assets 114,255 101,558 Total assets less current Ilabllltles 3,993.071 4,073,646 Credltors: amounts falllng due after more than one year 18 11,815.905} (1,950,440) Net assets 2,177,166 2,123,206 The funds of the charlty Restricted income funds Unrestricted funds 21 22 236,891 1,940,275 241,709 1,881,497 2,177,166 2,123,206 The financial statements were approved by the trustees on s.c4.. hfiLI. Ms S Nichola5 Trustee Company registration number 02534811 (England and Wales) 15-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng activities Cash generated from operations 26 267,688 290,257 Investlng actlvltles Purchase of tangible fixed assets Investment income received (41,807) 2,934 (115,233) 3.523 Net cash used in investlng actlvltles {38,873) (111,710) Flnanclng actlvltles Repayment of borrowings Payment of finance leases obligations 1150,504) 1131,218) (134,535) Net cash usod in financing activltl88 (134,535} (281.7221 Net Increasel{decrease) In cash and cash equivalents 94,280 (103,1751 Cash and cash equivalents at beginning of year 248,475 351,650 Cash and cash equlvalents at end of year 342,755 248,475 16
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles 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 évenl of a winding up. the liabilily in respect of the guarantee is limited lo £1 per member 1.1 Basls of preparation The financial statements have been prepared in accordan with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK 2nd Republic of Ireland" {"FRS 102°) and the Charities SORP "Accounting and Reporting by Charities= Stalement 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 function81 Gurrency of the charity. Monetary amounts in these financial statements are rounded to the neare5l £. The financial statements have been prepared under the historical cost convention, modified to include th8 reveluation of freehold properties and to include inveslment properties and certain financial instruments al falr value. The principal accounting policies adopted are set cut below. 1.2 Going concern At the time of approving the financial statemenls, the trustees have a reasonable expectation that the charity has adequale resources to continue in operational existence for the foreseeable future. Thus the Intstees continue to adopt the going concern basis of accounting in preparing the financial stalements. 1.3 Charitable funds Unrestricted funds are available for use at Ihe 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 lo the financial ststemenls. 1.4 Income Income is recognised when the charily 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 donatlons 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 Ihe time of the donation. Legacies are recognised on receipt or othewyse if the charity has been notified of an impending distribution, the amount is known, and receipt 18 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. 17-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Contlnued) 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 benefrts will be required in settl&ment, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each aGtivity are made up of the total of diwt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen 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. Llabilities 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 calegory. 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 agalnst the activity for which the expenditure was incurred. Support costs are those th8t that assist the work of the charity bul are not directly attributable to Ihe charltable activities. Support costs include office costs, administrative payroll cost5 and govemance costs which support the charity's activities Where the support costs cannol b8 attributable to a direct activity they have been allocated to the costs of raising lunds and charltable actlvltles on 8 pro-rata b8SIS. 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. 1.6 Tangible fixed assets Assets costing £500 or more are capitallsed as t8nglble fixed 8ssets and are carrled at cost, net of depreciation and any provision for impairment. Depreciation is recognised so as lo vlte off the cost or valuation of assets less their residual values over thelr useful lives on the following bases.. Freehold land and bulldlngs Fixtures and fittings Motor vehicles Boat 20k on cost 330k & 20 % on cost 250/0 on cost 10QA on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carying 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 determiné whether there is any indication Ihal those assets h8ve suffered an impainnent loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient 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. 18
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in markeling, selling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original malurities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Flnancial 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 finanal instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Flnanclal 8ssets and Ilabililles 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 flnanclal 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 al amortised cost using the effeclive interest m&thod unless the arrangement constitLJtes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and b8nk loans are initl8lly recognised at transaction price unless the arrangement constitutes a financing transaclion, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial li8bilities dassified as payable within one year are nol amortised, Debt instruments are subsequently carried at amortised cost, using the effectlve Interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from supplier5. Amount5 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 cosl using the effective interesl method. Derecognltion of financial liabilities Financial liabilities are derecognised when the charity's conlraclual obligations expire or are discharged or cancelleé. 1.11 Taxation The charty is exempt from corporation tax on its charitable activities. 1.12 Employee beneffts The cost of any unused holiday entitlement is recognised in th@ 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. 19-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcies (Continued) 1.13 Retirement beneflts 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 incomellexpenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability. Critlcal accountlng estlmates and Judgements In the application of the charty'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 accountlng 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. Income from donatlons and legacles Unrestrlcted Unrestricted funds funds 2025 2024 Don8tions and gifts 35,431 8,156 Income from charltable actlvltles Unrestricted Restricted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Charitable Services for the communlty Hostel & related income Grants 1.790,682 5.303 1.795.985 470,262 470,262 1,705.220 23,256 1.705,220 459,790 436,534 1,790,682 475,565 2,266.247 1.728.476 436,534 2.165.010 -20-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities (Continued) Performance related grants analysis Charitable Charttable Services for Services for the the communlty community 2025 2024 Alcohol Project Grant Assertive Outreach Triage North Road Tackling Loniness E A Rathbone - Cookery Lotto Make Do & Mend Groundwork Arts & Crafts Sport England Food for Life Police & Crime Community Foundation Albert Gubay One Wirral Digital Arnold Clark- Cookery sCreIX 38 WL GetA Move On Y Cruise Grant 81,661 234,990 47,833 91,799 9,273 80,705 196,073 61,932 87,616 469 1.400 1,145 1,072 2.589 250 45 1,291 375 809 3,283 188 1,850 140 23,256 470,262 459,790 Income from investments Unrestricted Unrestricted funds funds 202S 2024 Interest receivable 2,934 3,523 other Income Unrestricted Unrestricted funds funds 2025 2024 Other income 11,333 17,480 21
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charitable activities Charitable Charitable Services for Services for the the community community 2025 2024 Dlrect costs Staff costs Depreciation and impaimient Rent, rates & water Heat & Light Insurance Advertising & printing postage & stationery Computers & phone Motor & travel Other costs Repairs & malntenance Fees & subscriplions Other staff costs Hospitality Hostel catering Residents benefits & Outings Projects expenditure 1,122,937 135,079 45,697 72,739 18,155 10,712 32,798 7,302 105,110 70,463 13.887 25,287 18,204 73,773 7,267 182,639 1,041,764 135,191 34,163 58.931 13,153 11,505 28,615 6,763 96,621 70,923 12,427 20,181 12,660 71,144 10,383 144,020 1,942,049 1,768,444 Share of support and governance costs (See note 8) Support Governan 297.039 22,897 292,582 18,015 2,261,985 2,079,041 Analysis by fund Unrestricted funds Restricted funds 1,781,602 480,383 1,643,337 435,704 2,261,985 2,079,041 22-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to actlvltles Charitable Servlces for the community 2025 Total 2024 Staff costs Bank charges Loan & finance lease interest Legal & professional fees Governan 123,314 503 161,688 11,534 22,897 124,010 1.257 149,480 17,835 18.015 319,936 310,597 2025 2024 Governance costs comprlse: Audit fees Accountancy fees 6,000 16,897 6,ODO 12,015 22,897 18,015 Net movement In funds 202S 2024 The net movement in funds is slated after chargingl(crediting>: Fees payable for the audit of the charity's financlal statements Depreciation of owned tangible fixed assets 6,000 135,078 6,000 135,191 10 Trustees During the year trustees expenses of nil were Incurred12024'. nil). The charitable company has incurred a cost of £1,12512024: £1.296) in providing indemnity insurance to the truslees. The insurance covers protection for the charity from loss arising from the ne9lect or defaults of its trustees, employees or agenls, and to indemnify the trustee against the consequences of any neglect or default on their part. -23-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Employees The average monthly number of employees during the year was.. 202S Number 2024 Number Project staff Management & administration Support staff 15 12 21 21 Total 43 42 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 1,128,375 88,619 29,257 1,048,594 82.387 34,793 1,246,251 1,165.774 The number of employees whose annual remuneration was more Ihan £60,000 is as follows.. 2025 Numbèr 2024 Number 60,001- 70,000 Remuneratlon of key management personnel The key management personnel of the charily comprise the Chief Executive, the Deputy Chief Executwe, the Head of Finance and Senior Support Manager whose employee benefits total £182.50012024, £185,358). 12 Taxatlon The charity is exempt from taxatlon on its activities because all its income is applied for charilable purposes. -24-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed assets FehOld land Fixtures and and buildlngs flttings Motor vehicles Boat Total Cost or valuatlon At 1 April 2024 Additions 4,247,273 34,159 255,608 2,248 31,924 5,400 120,163 4,654,968 41,807 At 31 March 2025 4,281,432 257,856 37,324 120,163 4,696,775 Depreclatlon and Impalrment At 1 April 2024 Depreciation charged in the year 349,175 114,095 224,255 16,372 28,217 4.611 81,234 682,881 135,078 At 31 March 2025 463,270 240,627 32,828 81,234 817,959 Carrying amount Al 31 March 2025 3,818,162 17.229 4,496 38,929 3,878,816 Al 31 March 2024 3,898,099 31,353 3,707 38,929 3,972,088 The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts. The depreciatlon charge In respect of such assels amounted to £89,244 (2024- £89,244) 202S 2024 Freehold propety 2,893,024 2,982,268 56 Vvhelstone Lane property was revalued to Its markel value as at 31 March 2021 by Thomson & Assoclales who are independent chartered surveyors. At 31 March 2025, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been £2,765,026 (2024- £2,862,609). 14 Stocks 2025 2024 Finished goods and goods for resale 3,742 3,569 -25_
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Debtors 2025 2024 Amounts falllng due wlthln one year: Trade debtors Other debtors Prepayments and accrued income 24,858 1,343 59,910 9,098 583 147,684 86,111 157,365 16 Finance lease obllgatlons Future minimum lease payments due under finance leases.. 2025 2024 Wilhln one year Wilhin I0 and five years In over five years 127,985 545,103 1,270,802 127,985 545,103 1,405,337 1,943,890 2,078,42S 17 Credltors: amounts falllng due wlthln one year 2025 2024 Notes Obligations under financ818ases Other taxation and social security Deferred income Trade creditors Pension creditor Other creditors Accruals 16 127,985 18,812 41,309 75,469 5,138 1,183 48.457 127,985 22,289 29,585 65,932 4,547 1,325 56,188 19 318,353 307,851 18 Credltors: amounts falllng due after more than one year 2025 2024 Notes Obligations under finance leases 16 1,815,905 1.950,440 -26-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Deferred incom6 2025 2024 other deferred income 41,309 29,585 Deferred income is included in the financial statements as follows.. 2026 2024 Deferred income is included within.. Current Ilabilities 41,309 29,585 Movements in the year: Deferred income at 1 April 2024 Released from previous periods Resources deferred in the year 29,585 (29,585) 41,309 50,483 (45,706) 24,808 Deferred incoffle at 31 March 2025 41,309 29,585 20 R•tirem6nt benefit schemes 2025 2024 Defined contribution scheme8 Charge to profit or loss in respect of defined contribulion schemes 29,257 34,793 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of th8 scheme are held separately from those of thè charity in an independently administered fund, -27-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Restrlcted funds The restricted funds of the charty comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as to how they may be used. At 1 Aprfl 2024 Incomlng resources Resources expended Transfers Galns and At 31 March losses 2025 Boat Fund Property Development Fund WBC - Alcohol Project WBC - Assertlve Outreach WBC - Triage WBC - North Road Lottery Tackling Loneliness GDN Collab Project Albert Gubay Police & Crime Communlty Foundation Lotto Make do & mend Screwfix 38WL YMCA Cadent 37,915 37,915 197,074 15,892) 191,182 6,720 81,661 <80,587) 7,794 234,990 47,833 {234,990) (47,833) 91,799 (91,799) 9,273 (9,273) 3.291 375 45 (3,291) <3751 <45) 1,291 (1,291) 1,145 1,850 2,012 11,145) (1 ,850) 12,012) 241,709 475,565 (480,383) 236,891 -28-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Restrlcted funds (Continued) Prevlous year: At 1 Aprll 2023 Incoming resources Resources expended Transfers Galns and At 31 March losses 2024 Boat Fund Propety Development Fund WBC - Alcohol Project WBC -Assertive Outreach WBC - Triage WBC- North Road Lottery Tackling Loneliness E A Rathbone Cookery Groundwork Arts & Crafts Food for Life Sport England Y Get Active One Wirral Digital Poli & Crime Arnold Clark Get a Move On Community Foundation 37,915 37,915 202,964 (5,892) 197,072 80,705 (73,983> 6,722 196,073 61,932 (196,073> {61.932> 87,618 {87,616) 469 1469> 1.400 {1,400) 1,072 250 (1,072) 1250) 2,589 12,589) 3,283 13,283) (8) (188) (14Q) 188 140 809 (809) 240,879 436,534 (435,704) 241,709 -29-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Restrlcted 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 wilhin the wider objects of the charity. Alcohol project To provide a safe supervised space for dependant drlnkers to control and reduce their alcohol ccnsumptlon and to participate in a safe social space. Assertive Outre8ch - 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 Iriage assessment beds for those who temporally been placed in Iriag8 to actively support in personalised support plans to asslst moving into more appropriate thort or long- lerm accommodation. National Lottery Bike Project- Project to provide clients with the skills to repair ané mainlain their own bikes. One Wirral Digltal- Project to provide clients with baslc IT skills. help to access property pool & Ul C Journals & wellbeing apps. Arnold Clark- 20 Slow cooking sessions for clients in North Road- teaching budgeting, meal plsnnlng & affordable cooking. Get a Move on- Life skills sessions for all clients including- Home skills, Healthy relalionshlps & self care. Community Foundation Peel Ports budgeting & basic cookery skills. to provide essential life skills to clients Including meal planning, Eleanor Rathbone - to deliver cookery skills sessions in the maln hostel (teatimelloasties) Police & Crime Commission - funding to with a local organisation. National Lottery Tackling loneliness to deliver a range of activities to reduce social isolation and loneliness in the hostel. Albert Gubay - to tackle loneliness in the hostel for new & old clients as chronic loneliness and social isolation can have a negative impact on the clients. North Road to help with the supported living project costs, in helping new & former residents who require urgent accommodation at very short notice and where hostel type accommodation would not be appropriate. Screwfix - to help towards repairslimprovernents to 38 Whetstone Lane. 30-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Unrestrlcted funds At 1 Aprll 2024 Incoming resources Resources At 31 March expended 2025 General funds 1.881,497 1,840,380 (1,781,602) 1,940,275 Previous year: At 1 April 2023 Incomlng resources Resources At 31 March axpgnded 2024 General funds 1,767,199 1,757,635 (1,643.337) 1,881,497 23 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsllliabilities) Long term liabilities 3,641,925 114,255 (1,815,905) 238,891 3,878,816 114,255 (1,815,905) 1,940,275 238,8S1 2,177,166 Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) Long term liabilities 3,730,379 101,558 (1,950,440) 241,709 3,972,088 101,558 11,950,440) 1,881,497 241,709 2,123,206 31
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Operating lease commltments Lessee At Ihe reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due a5 follows.. 2025 2024 Within one year Beeen and five years 16,676 30,197 16,930 27,494 46.873 44,424 25 Related paty transactlons Transactions with related parties On 1 April 2024 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 £5.436 (2024.. £5,100), agreed as being a 150/0 discount to the market rent for the property. Mr M Huston, a trustee of the charity, is a minority thareholder in CCH Properties Limited. During the year monles totaling £720 (2024 £1401 where paid to the daughter of trustee Ms S Nicholss for consultancy services provided. 26 Cash generated from operations 2025 2024 Surplus for the year 53,960 115,128 Adjustmenls for: Investment income recognised in statement of finanoial activities Depreciation and impaimient of tangible fixed assets (2,934) 135,079 (3,523) 135,191 Movements in working capital: Ilncrease)Idecrease in stocks Decrease in debtors IDecrease)lincrease In creditors Increasel(decreasel in deferred income 1173> 71,254 (1,222> 11,724 721 34,257 29,381 (20,898) Cash generated from operations 267,688 290,257 32-
BIRKENHEAD YOUNG MEN'S CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 Analysis of changes in net {debt}Ifunds At 1 April 2024 Cash floNysAI 31 March 2025 Cash at bank and in hand 248.475 94,280 342,755 Obligations under finance leases (2,078,425) 134,535 (1,943,890) (1,829,S50} 228,815 (1,601,135) 33-