TEES VALLEY YMCA
Annual Report 2022-2023
Delivering services that enable young people in Tees Valley to belong, contribute and thrive.
"Everyone should have a fair chance to discover who they are and what they can become."
Tees Valley YMCA
Contents
1. Introduction
- Accommodation, Housing and Support 3. Positive Support Pathway 4. Youth Services - Y Connect 5. Funders - Thank you
Tees Valley YMCA
Introduction
It is with pleasure that we present our 2022-23 Annual Report. We have:
Re-established quality services to the young people of the Borough. Forged responsive partnerships to meet need.
Developed services to address the issues young people face.
Our success would not have been achieved without the commitment of our staff, the involvement of young people and inclusive partnership working.
To all that have worked, supported, used our services, believed and trusted us over the last 12 months, we give our heartfelt thanks.
We excitedly look forward to the next 12 months, when we intend to improve and extend our services, to achieve our goal of enabling all young people to belong, contribute and thrive.
Tees Valley YMCA
Tees Valley YMCA offers 25 units of quality accommodation for the young people of Darlington aged 16-25.
More under 18’s than ever are being accommodated with us. This means some residents are with us at least 2 years, before we can positively move them on, which results in less turnover of residents. Our residents need intensive support, often experiencing high levels of multiple and complex needs as a result of circumstances before they reside with us, including family breakdown, substance misuse and mental health issues.
Through targeted support we reduce isolation, increase coping mechanisms and resilience, introduce peer support and the social and emotional skills needed to live life positively.
We work closely with other organisations to provide holistic support to enable young people to transition to independent living.
Accommodation, Housing & Support
Tees Valley YMCA
Accommodation, Housing - & Support Figures During 2022-2023 We provided:
60 315 61 Opportunities Interventions Interventions to Move to Maximise to Reduce towards Paid Income. Debt. Work.
228 Opportunities to Move towards Training/ Education.
421 Individual Activities Providing Learning/Culture/ Leisure Opportunities.
Tees Valley YMCA
60
Interventions to Establish - Contact Family and Friends.
287
Interventions to Establish - Contact External Services.
230
238
14
Opportunities Opportunities Interventions to Manage to Manage to Manage Physical Mental Substance Health. Health. Misuse.
335 Individual Activities to Develop Confidence to Excercise Choice, Control & Involvement.
Tees Valley YMCA
Positive Support Pathway
This is a commissioned service from Darlington Borough Council, delivered in Partnership with the charity Humankind, this service has provided intensive support to 167 young people this year.
Young people who are homeless or care leavers, have reported high levels of positive outcomes through the Positive Support Pathway.
Housing related support teaches independent living skills, emotional and practical support, which enables the young people to improve or gain the necessary skills to move towards living independently, making positive choices, improving life skills and life chances as well as improving confidence, resilience and emotional maturity.
Through this pathway we provided more than 15,000 hours of direct support to young people enabling them to:
Participate in leisure, culture, faith or informal learning activities to improve wellbeing.
Attend and access education, learn through group work and on a 1:1 basis.
Participate in activities to increase confidence, independence and community involvement.
Obtain and maintain employment.
Receive tailored bespoke individual support around budgeting, managing money, healthy eating and the skills to live independently including cooking, cleaning and respect for self and others.
Obtain assistance to cope with financial and emotional issues including access to crisis support funds as well as assistance to claim entitlements to benefits.
Tees Valley YMCA
Y Connect Project
This is our 2nd year of a 4 year project.
The project supports young people aged 10-19 in the Borough (25 with SEND) who are facing significant challenges / disadvantages.
Through our Youth Work we improve social and emotional resilience through informal education and engaging activities.
During this year we delivered 666 youth sessions, worked with 808 new young people, and clocked up 2,342 visits to our activities.
We delivered 5 community and school based youth sessions each week during term time, together with 5 evening sessions per week from The Hub based at Middleton Court.
We provide school holiday activities and young people enjoyed day trips to Lightwater Valley, the beach, Go Ape and Beamish, as well as surfing. These activities enable young people to build team skills and experience new things in a safe, trusted environment.
Tees Valley YMCA
Y Connect Project
We asked those who attend our sessions for feedback:
70% 75% confirmed an confirmed an increase in increase in awareness of risk awareness of how taking risk taking affects behaviour. others.
78%
learned new things to improve their decision making.
71%
reported the sessions made them feel better.
77%
reported they will make more positive choices.
97%
rated sessions good/superb.
Tees Valley YMCA
Y Connect Project
In addition to Y Connect, we have also provided transition sessions for 32 young people moving from year 6 to year 7, to explore expectations and alleviate any anxiety of the change.
We have raised the awareness of the dangers and antisocial behaviour caused by illegal bicycle and motorcyle use, by delivering 3 bespoke 6 week courses. We have improved 20 young peoples approach to risk taking behaviour.
We have also been able to assist with the Cost of Living Crisis by opening The Hub as a warm space throughout the Winter, providing a safe place for young people to visit, access support and enjoy free hot food and drinks.
THANK YOU TO THOSE WHO HAVE SUPPORTED US, INCLUDING:
Company Number: 02794134 Charity Number: 1020171
Kieran Wennington has designed our Annual Report this year. Kieran is 20 years old and has a diagnosis of Autism. He has just achieved a Level 3 Extended Diploma in IT at Darlington College. We thank him for his work to produce this great Annual Report.
Company Registration Number.. 02794134 Charity Registration Number: 1020171 Tees Valley Young Men's Christian Association Financial Statements For the Year Ended 31 March 2023 ALLEN SYKES LTD Chartered Accountanls 5 Henson Close South Church Enterprise Park Bishop Auckland County Durham DL14 6WA
Tees Valley Young Men's Christian Association Flnancoal SL*ements Y•ar Ended 31 M•r¢h 2023 Page Trustees, Annual Report Ilncorporaliw the D1CtOrS. Report) Independent Examinerfs Report to the Trustee5 10 Slalement of Finanrial Activities Ilncluding IroMe and Expendiiure Accounti 12 ststemenl ol Financial PosilKJn 13 Statement of Cash Flows 14 Notes to th8 Flnancial Slatements 15 Th• Followlng P•g•s Do Not Fomi Part of th• Flnanclal St•t•m•nt$ Deloiled Slalemenl of Financi81 Activilies 27
Tees Valley Young Men's Christian Association Tru5tees' Annual Report Ilncorporatlng the Directors. Report) Year Ended 31 March 2023 The Iruslees. who are also the directors for the purposes of company law, present their report and the unaudited financial slalements of the charity lor the year ended 31 March 2023. Ob •¢tlves and Actlvltle$ The Objects of Ihe Association are". 11 To advance the Christian faith. including by- 181 promoting a Christian enviionmenl inspired arKI motivated by lh8 life, example and leaching of Jesus Christ. where people of faith and people of nong can work 10gelher for the transformation of communities-. and Ibl enabling people of all ages and in par1icular young people, to flourish through experièncing and responding to the love of God demonstrated by the lrfe. example and leaching of Jesus Christ. 21 To proVe or assist in the provisw)n in the interests of social weffare of facililies for recreation and other leisure lime ¢Upation for men and women wrth ihe object of improving their condilKJns of lrfe; 31 To provide or assist in thè provisk)n of edu¢atlon for people of all agès and in particular young people, wllh th8 object of devoloping their physThl. montal or wiritual capacities.. 41 To relieve or assist in the rel1 of pèopk ol all ages and in particukr young peoplè, who are in conditions of need, hardship or distress by rfjason of their social, physical. emotional. spiritual or economic circumstances., and 51 To provide resident1 accommodath, for people of all a98S and in parbcular young people, are in need. hardship or distress by reason of their soual. physical. emots'onal, spiritual or economic circumstances. Prlnclpal a¢tlvltl•$ Tees Valley YMCA provk1e8 s8r4ke8 to young peopl? aggd 10 10 25 across the Tèes Valley region including., Darlinglon. Sloeklon. Middlesbrough and Redcar and Cleveland. We seek lo support young people facing adverse circumstances and to reach disadvantaged young people living across some ol the mst deprived wards in the Tees Valley area. We lake an asset-based approach lo deliv8ry and were we can. co design servlces and actT¥rties. Tees Valley YMCA'S purpose is to work Mlh Ihe local community •nd partners, delivering diverse programmes that meet th8 needs of young people. This is reflecled in our grassroots work and the work we contribute to at a stralogic level. We tjeliver onoing service$, pibt new areas of act¢vity, deliver on partnership work and implement inrKNative approaches to Soryico delNery. Mls$lon St•t¢m•nt Our mission is lo delivèr provi$k)n and $8rvi¢es that support the tèntial lor young p8opl8 and othèrs lo achievè positive oulcorr*s.
Tees Valley Young Men's Christian Association Tru$tsos' Annual Report Ilncorporaling the Directors. Report) l¢onllnu•dJ Yeaf Ended 31 M•r¢h 2023 Values Our core values are.. An asset based appfoa¢h in order to 5UPPOrt the growth and devek)pment of individuals in all their diversity and polenlial. The provision of equal access and participatK)n for all persons. A commitment lo quality leadership providefj by volunteers and slaff. An elhical and independenl organisatRJn that is financialty Self-suffi¢nl. Core afeas of Operatlon Tees Valley will provide a range of age approwiale seNices for young people ensuring direct oulcomes Ihrough Ihe folkjwing areas of delNery'. Housing relalgd support and accommodation services. Community based services offering earty help and preventsve work. The creation ol opportunities lo g8in leaming, knowledge and skills for young people. Supporting young people lo be part of creating safer and $lrong8r communities. Targeting work to improvo the lrfe charths of Young Peopl8. T••8 Valley YMCA Strateglc ObJ•¢tl¥es Tges Valley YMCA will endeavour lo ccffjlribute lo bcal, regional and national slralegles and aggndas in order lo meel the needs id6nlif*d wilhin our kxal commLtnity. Tees Valley YMCA will improve outcomes for young people by developing and sharing best pr8clice, quality man8gemenl systems and forging effective partnership work wtth extemal agencies across all sectors. Tees Valby YMCA will Ihrouoh the delivery of communty Servi$. •nUrage and facilitate fair representation of young peopl8. youth led participation and 8n increased plallorm lor young people's volces to be heard. Tees Valley YMCA wlll endeavour lo work ueativety to ensure their suslainabilily arKI conlinufj(I presence in Teès Vall8y.
Tees Valley Young Men's Christian Association Trustees. Annual Report Ilncorporatlng the Directors, Report) (conllnu•d) Year End•d 31 Mar¢h 2023 Achievernents and Perforniance Wg have re-established qualty services to thè young people of the Borough, lorged responsive partnerships lo meet need and developed seryus lo address the issues young people face. A¢¢ommodatlon. Housing & Support During 2022-23 we provided.. 315 intervenlK)ns to m8ximise income. 61 Interventn$ lo reduce debt, 60 opportunities to move towards p8itl work. 228 opportunrties to move towards Irainingleducation, 421 individual activities providing leaminglcultureAeisure opportunities, 60 inlerventions lo eslabjish contact family and friends, 287 interventions to establish conlacl exl8mal services, 230 opportunities lo manage physical health, 238 opportunities lo man8ge mentsl health. 14 inlerventft)ns lo manage substance misuse. 335 individijal aclivilies to devèlop confidence to exercise choice. control and involvement. Po8ltlv• Support Pathw•y Through this palhway we provided MO than 15,000 hours of direct support lo young people enabling them to.. Participate in leisure, cullure, f8ilh or infomial Igaming activities lo improve wellbeing, to att8nd and access educ8tion, learn Ihrou9h group work and on a 1.. 1 basis, lo participate in activities lo Increase Confidence. independence and communty involvement and to obtain and mainlaln employment. Y Conn•ct Through our Youth Work we improve s¢xo1 and emot81 resiliènce Ihrou9h infomial education and engaging 8clivilies. During this ygar we delivered 666 youth sessions. worked wilh 808 new youn9 people, and clocked up 2,342 visrts lo our aclivil*s. We delivered 5 community 8nd school based youth sessions e8ch week during tem time. logelh8r S evening sessions per wèek from The Hub based at Middleton Court. We provKle school holiday activrties. These aclivrties enable young people lo build t6am skills and experignco now thiryJs In a safe. trusted environmanl. Publ1¢ B•n•flt The charity carries out a wide range of aclNiiies in pursuance of its chafitable aims. The Twslees consider that these actiwlies provide benefit l)olh lo those who direcuy receive services and the wider communily acfo$s Tees Valley. The tru$lges confimi that they have complied with the duty in section 4 of the Charities Act 2011 to havfj due regard to the public benefit guidance published by the Charity Commission.
Tees Valley Young Men's Christian Association Trust••s' Annual Report Ilncorporating the DlrectOTS' Report) l¢onUnu8dJ Y••r End•d 31 March 2023 Flnanclal R•vl•w Income lor the financial year was £716.37612022 - £637,363) and expènditure was £687,40312022 £623.052}. Total funds of £227.228 were held as at 31st March 202312022 - £198,255) and are made up as folbws". 2023 General funds- Capilal G8ner81 lunds- Revenue 60,130 166,233 General fvnds - Tol81 Restri¢1gd lunds 226.363 865 TOTAL 227.228 Acc¢untlng poll¢l• The accounbng polides ol the charty have not changed during the year. The directors confimi that the accounts cc¥nply with the stalulory requirements of the Chadly's goveming documgnl. R•s•rv•s Pollcy Tees Valley YMCA has various lunds availabl8 lo finar rts actNltles. Unrestricte(I lunds are funds that are expendable al the discrelion of the Board of DireCtS in lurthèr8nc6 of the ¢hèrily'$ objects. The Board may deslgnale such funds for a particular purpose or pioioct. Thg ggneral fund 15 th¢ amount ol unrestricted funds that has not been designaled. Free resoThes' rgpresents the gengral fund, less the amount ulilised lo financt fixe¢J assels. The Board recognises the nfjed to establish and maintain a level of general reseryes that en8bles flnancial slabllity. is adequate lo meg1 lh8 roquiroments of working capital and can ad as a cushion aoalnsl fluclualions Sn Income levels and in the finanal perfomianc8 of the YMCA'S activities. Such reserves are built up from operating surpluses. The trustees bolve thal the minimLtm Ve1 of Iroe reserves should be the equivalent of six months. oper81ing costs. calculaled and reviowed annually, an(1 believe that il should be built up lo the desirèd 16v61 in stages consislenl wth the charity's overall financial position and ils need lo maintain and develop its charitable activilie5. The levels of serveS are cthely monitored through the year. Polenligl risk$ to impact reserves have been idenlffied, with a focus on the short 18m) polenli81 drawdown ol reserves r8quiring limg 10 und8rtak& 8ddiiKJnal mitlgation activities and adjust to the changed financial circumstsnces. The Iruslees estimate that six months. opgroting cosls Cuffentty equate lo £343.CIJO. Al 31$1 March 2023 free reserves lolalled £166,233. The Trusl8es intend to increase reserve5 over the next few years by careful tmjdget setting and cost control. Inv•stments Statem•nt The Memorandum ol Association stsles that in furtherance to the obiectivès. the company shall have the power.lo invest the moneys of the Association not immedi81ely required for rts purpose in or upon such investment, security or property as may be thought fil. subject nevertheFDss to such conditions (if anyl and such consenls Irf any) as may for the tsme being be imposed or required by the law and subject also as here in after provide(r. Surplus funds are currentty hek1 in a hKJh interest deposrt account.
Tees Valley Young Men's Christian Association Trust••$' Annual Report {Incorporating the Dlr*¢tors' Report) (¢OnlthuJ Yoar End 31 March 2023 Employmènt Poll¢ie$ All inlemal policies and procedures ale tracked and updated when required. Polltical contrlbutlon$ Thè charity made no political contributions duriTrJ the y88r. Structurn Gov•m * and Man• ement Govornlng Document Tees Valley YMCA is a charilable company limited by guarantee., rt was incorporated and registered as a charity on 26th February 1993. The company was established under a Memorandum of Associalion which sh¢)ws the objects and powers of the charitsble company and is govemed by the Articles of Association. The name of the organisation was Changed on the 21 sl November 2008 from Dartington Young Men's Christian Association to Tees Valley Young Men's Christian Asstxialion. Oryanlsatlonal Structu The Association is managgd by a Board of Dlreclors. The 8oard has 5 membgTS, drawn from a v8r40ty of professional backgrounds relevant lo the work of the Association. The Board me81 quarterty and are responsible for the slralegic direclK)n and policy of the AsSocialn and Ihe appointment of the Chief Executive. The CEO and Chair meet bi-monlhty. The audii committee rneels as and when required. The Chief Executive is accountable lo the Boartl of Dirèclows arKI has del8galfjd authority lor the operational and financial perfomiance of the Asso¢ralion.
Tees Valley Young Men's Christian Association Trustsos. Annual Report Ilncorporating the Directors, Report) (¢0nttn¢dJ Year End•d 31 Mar¢h 2023 Appointment of Dlrtctors The diieclors of the company are also chanty Irustees for the purpose of charity law and under the CoMpanS Articles are known a5 Members of the Management Committee. The Management Committee seeks lo appoint Dir1015 with a dbverse range of knowledge and skills that will enhance the w¢)Ik of the Associalion providing ts)th support and challenge lo senior managers in equal measure. The current board comwises of an accomplished and long standing range of r8pr8senlalives from all seciors with skills sets including: housing management. private enlerpriselbu$in8ss, ILxal govemmenl. media. the volLtntary and community sector and financ8. The Committee is particularty inlerestsd in 8ppointing members with the following skills.. Youth and Communtty Work Housbng Management Local Governrnenl NHSIPublic Health Commissioning Media Law Financ8 Fundraising Community Inlergsl Pasloial Dlroctor Inductlon #nd Trlnlng On election lo the board briefings are arranged with Ihe Chair and Chief Executive Officor lo.. Discuss the obligations of the Managemenl Members Examine the m8in documents which sel out the operational tramtr+vo for the charity including thè Memorandum and Artic$ ol Associ8tion Gain an understanding of the Association's currenl financial position as sel CArt in Ihe latest published accounis Discuss future plons and oty'ectives of thè Associats'on Undertake DBS checksl$¢reening Equallty and Dlver•lty Monltorfn9 Tees Valley YMCA operates an equal opportunils empk)ymenl policy. All slaff receive trainin9 in Equality, Diversity and InclusKn. Tees Valky YMCA gives lull an¢J fair con$ider8lion to applications for employment m8de by dis8ble¢J persons having regard lo their particular apliludos and abilities. Whe possible, Tees Valley YMCA continues Ihe empkymenl of. and arranges approprtale training for employees who have become disabled during the period they were employed. Disabled persons are tr8at8d in the same way as other empwes when training. career d8vel¢Jpm8nt and pmmotlon are bging considered. Manag•m•nt R¢vl•w The organi5alion undertakes an annual management review across all afeas of activity and oporalion. This links with the org8nisalional strategic objectives and strategic sd)edule th81 is in place. The business has a business action plan thal is tracked and monitored.
Tees Valley Young Men's Christian Association Trusts•s' Annual Report Ilncorporating the Dlr•ctors' Rportl f¢onllnuedl Y•ar End 31 March 2023 Rl$k Rovl•w The majority of the organisation's funding is secured through contracts and granls usualfy18sling up lo 3 years,. some are annual. Conlinualion funding is not guaranteed. The directors recognis8 the importance ol ongoing fundraising to ensure the sustainability ol the organisatson. The CEO and Finance Manager Provide the board with detailed financial information,. a hBhly monitored cash flow update, outline of current funding opportunities. an ongoing analysis of cost efficiencies and new opportunities for income generation. risk register, work plan and management accounts. During the ye8r the directors have monilored the AsSocialn arKI ils trading environment. and have pul in place conlingenw plans lo miligale Klenlifiable risks. Ongoing ¢osl efficiencies a having an impact and improved housekeeping has ensured a leaner organisalion wofking more efficiently and effectively. The organalon has increased regularity of tK)ard meetings with a finance Sub gfOUP established to SLtpport the financial decision making that is required in the coming year. The CEO and the Finance Manager have continued lo reskxind proactively to a changing financial landscape wilhin the sector. The securing of a major commissK)ned contract from Supporting People and significant grant funding has allowed the organisalK)n lo stabilise. The CEO conlinugs to submll several additional applications for grant funding foi new services and core cosls. Toes Valley YMCA will continue lo make changes lo all aTr8s of operation in Order to cut ¢osls, increase effICneY and reduce overheads. This has worked 10 51abili5e the business anil lo operate more effectively ¥wthin ils means. We h8ve imposed Iyhter financial regulations an(J control5, increased the profile and reputation ol the work ol the YMCA and created 8 more sustainable staffing Struclure lor the org8nisalion. The org8nis8lKn is ¢urr8nlty exploring social enlrepreneurial activities and $¢xtal inveslmenl. The organisalion has a risk règistèr which is reviewed with the board al each meeting.
Tees Valley Young Men's Christian Association Trust••s' Annual Report (IncooratIng the Dir¢¢tors' R•portl (con*nued) Y•ar End•d 31 Mar¢h 2023 Referenct and Admlnlstrallv• D•tails R•glst•r•d charlty narn• Tees Valley Young Men's Chri$tian Association Charity registration number 1020171 Company r•glstratlon numb•r 02794134 Principal offlce and r•gl•tered Mmldleton Court offi¢• Middleton Street Dartinglon County Durham DL1 1TU The Tru$t•es Malcolm Wright (Chair) Raymond Flowers Chrislopher While J8ni¢e Fosl&r Annette Clark Julie Fraterrigo David Kirton Karen Lalhan IRelired 1 September 20221 IRelired 6 March 20231 (Retired 1 December 20221 (Appointed 24 January 20231 {Appoinled 5 October 20221 (Appointed S Octob81 20221 (Served from 5 Octobèr 2022 10 6 March 20231 Cllr N81 Boddy Prlnclpal Stsff Janine Browne CEO Indoynd•nt Examln•r Jillian F Hindmarsh FCA Ajlen Sykes Lim¢led 5 Henson Close Soyth Church Enterprise Park Bishop Auckland County Durham DL14 6WA Sollcltorn Jacksons SolvtQTS Innovation House Yarn Road Slo¢klon-On-Tees TS18 3TN Bankern Bay$ Bank Pk 27-31 High Row Darfinglon DL3 70W
Tees Valley Young Men's Christian Association Tru$ts•$' Annual Report Iln¢orporating th• Dlre¢tors' Reportl (¢Onllnuodl Year Ended 31 Mar¢h 2023 Small Company Provisions This report has been pPared in accordance wlh the proVN$n$ applicab lo companies enlilled lo the small companies exemption. The trustees, annual report was approved on . Iwstees by.. . and s19rd on bohalf of the board of M81colm Wrlghl (Chairl Trustee
Tees Valley Young Men's Christian Association Indepondent Examlntrfs Report to th• Trust••s of T••s Valley Young Men's Christian Assoclatlon Y•ar End•d 31 March 2023 I report lo the InJslees on my examination of the financial statements of Tees Valley Young Men's Christian Association llho charity'l lor the year ended 31 March 2023. R•sponslbllfti•s and 8asls of Report As the trustees of the company land also its directors for the purp)ses of company law} you are re5pon5ible for the preparation ol the ffinancial ststements in a¢anCe wth the requirements of t Companies Acl 20061'Ihe 2006 Acl'l. Having satssfied myseK that the accounts of the company aro not required lo be audiled under Part 16 of the 2006 Act antj are eligible lor independent examination, I report in respect ol my eyaminalion of the charity's accoun15 as caffied out under section 145 of Ihe Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Cornmission under section 14515Mbl of the 2011 Act. Ind•pond•nt Examlner's Statèmènt Since the ch8rity'$ gross income exceeded £250.000 examiner must be a member of a body listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undert8ke the examination bècause l am a member of the Instilule of Chartered Accountants in England and Wales {ICAEWI, which is one of the listed bodies. I have completeil my 8xarninaln. I nfIrM Ihal matters have come lo my attenlion in connection wllh the examination giving me cause lo believe.. accounting records wer6 not kept in respect of the chanty as requirod by seCtn 386 of th9 2006 Acl: or the financial Stalements do not occord wlh those records: or the financial statements do not comply wilh the accounling requirements ol section 396 of the 2006 kl olher than any requirement that the accounts give a 'true and fairf view which is nol a matter considered as part of an independent examination.. or thè financial statem8nls have not been prepared in acrdance wfth the m8lhod$ and principles of the Statement ol Recomm6nded Practe for accounling and reporting by charities applicab to charities preparing their a¢eounls in accordance wilh the Financlal Reporting Standard applicable in tho UK and Rtpublic of Ireland IFRS 102}. -10-
Tees Valley Young Men's Christian Association Indendont Examlnevs R•port to the Twstees of Tees Valley Young Mon's Chrlsllan Associatlon fcontinu•dJ Year End 31 March 2023 I h8ve no concems and have come across no oiher matters in connection wth the examination lo which attention should be dfawn in this report in or(ler to enable a proper understanding of the accounis lo be reached. Mrs Jillian F Hindmarsh Independent Examiner Alen Sykes Limited 5 Henson Close South Church Enterpris6 Park Bishop Auckland County Durham DL14 6WA 11
Tees Valley Young Men's Christian Association Statsm¢nt of Flnanclal Actlylties Ilncluding Income and expendlturo a¢¢ountl Year End•d 31 March 2023 2023 Restricted funds Totsl funds Total funds 2022 Unrestricted funds Incom• and ¢ndowm•nls Donations and legacies Charitable activities Olher Irading activitses Totsl In¢om• 6.929 604,247 33,911 47 71,242 6,976 675,489 33,911 2,218 622,543 12,602 645.087 71,289 716.376 637,363 Exp•nditur• Expenditure on ¢haritabk activities Total gxp•ndltur• 609.919 77.484 687,403 623,052 609,919 77.484 687.403 623.052 N•t Incom• and net movem•nt In fund• 35,168 (6,195) 28.973 14,311 R•con¢lllatlon of funds Total funds brought lorward Total funds carrl•d forward 191.195 198.255 183,944 226.363 227.228 198,255 The statement of financial activit$ includes 811 gains and losses recognisod in the year. All inm8 and expendrture derive Ir¢)m Continuing 8Ctivit*s. The notes on pages 15 10 25 forni part of these finan¢ial $tatem•nts. 12-
Tees Valley Young Men's Christian Association statement of Firbanclal Position 31 Mor¢h 2023 2023 2022 Not• Fixed Ass•ts Tangible fixed assets 15 60.130 61.561 Current Ass•¢$ Debtors Cash al bank and In hand 16 41.880 176,221 32,828 131.368 218,101 164.196 Cr•dltors: amounts falling due wlthln one year N•t Curr•nt As$otJ 17 s1.3 27,502 167.098 136.694 Total A$8et$ Lols Current Llabllltlt¥ 227,226 198,255 N•t Ass•ts 227,228 198,255 Funds Of the Charlty Reslricled lunds Unre51ricled funds 865 226.363 7.060 191,195 Totsl charlty funds 19 227.228 198,255 For the year ending 31 March 2023 the charity was entitled lo exemption from audil und6r séction 477 of the Companies Act 2006 reLg1ing lo small companies. Dir8cloT5' responsibilitS.. The members havè not required the company lo obtain an audit ol ts finanry81 statements for the yeai in question in accordance with section 476., The dirgctors acknowledge their responsibilib'es for complying with thè requirements of the Acl with respect lo aeccmjnling records and the preparation of financial $talemenls. These financlal statements have b&en prepared In accordance with ts provisions applicable to mpanies subjeci to the small companies, regime. ese Inancial Statements were appfoved by the board of Iw$lees and aLrthon'$o(I for issue on nd are signed on behalf of the board by: f M,,Jlllo l4/, ht Malcolm Wright Ichairl Trustee Th• note$ ¢)n page$ 15 to 25 fom part of these financial statements. 13-
Tees Valley Young Men's Christian Association Stat•m•nt of Cash Flows Y•ar Ended 31 March 2023 2023 2022 Cash Flows from Oporatlng A¢tlvlU•$ Nel Income 28,973 14.311 Adjustm8nls for.. Depr8cialion of tsngible fixed assets Loss on disposal of heritage assets crued expensesjlincome) 1.431 3,634 4,843 114,4191 354 Changes in.. Trade and othèr debtors Tradg and othgr ¢rgdrtors {9.0521 23.147 4,927 {12.6321 664 Cash generated Irom operations Nel cash from operoling a¢twilies 44,853 44.853 664 N•t Incr•a#• In Caih •nd Cash Equbv•l•nts Cash and Cash Equlval•nts at 8•glnnlng of Y••r Cash and C•8h Equl¥•hnts at End ofY•ar 44.853 131.368 130,704 131,368 176.221 The not•s on pages 15 to 25 forni part of these finanelal Statements. -14-
Tees Valley Young Men's Christian Association Notes to Flnan¢lal Statem•nts Y•ar Endad 31 March 2023 Gèneral Information Thè charity is a public benefit enknty and a private company limited by guarantee. registered in England and Wales and a iegislered charity in England and Wales. The address of the registered office is Middleton Court. Middleton Street. DaIngton, County Durham, DL1 1TU. Stat•m•nt of Compllan These finanal statements have been prepared in compliance with FRS 102, Thè Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Praclice applicablg to tharitios preparing Iheir aw)unts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Ichèriltes SORP IFRS 102)) and the Companies Act 2006. Accountlng Poll¢lè8 Basls ol Pr•par•15on The financlal slalemenls have b8on prepared on the historical cost basls, as modlfied by the rèvaluation of certain financial assèts and liabllilie8 and Investment propertles measured at falr value through income or expenditure. The financial slalements are prepared in slerling. which is the functK)nal currgncy of Ihg ontity. The charity B a public benefit entity. Golng Conc•m There are no material uncertainties about the charitys abilty to continue. Judgem•nts and Koy Sources of E$tlmatlon Un¢*rtalnty The preparation ol the financial slalements requires management to make judgemenls, eslimales and assumplions that affect the amounts reporied. These eslimales and judgements are continually reviewed and are basgd on experigrKe and olhor lactors, induding expoclalion$ of fulure events that are believed lo be reasonable under the circumslarKes. Fund Ac¢ounllng Unrestrictèd funds are available for use al the discretKin of the twstegs to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees particular future project or commilmenl. Restricted funds are subjected lo reslriclions on their expenditure t18¢18red by the donor or through the temis of an appeal, and fall into one of fv40 subdasses.. restricted income funds or gndowmenl funds. 15-
Tees Valley Young Men's Christian Association Notes to the Fin•n¢lal Ststsments (conftu•dl Y•ar End•d 31 March 2023 Accounllng Poli¢le$ (Contin1 Income All incoming resources are included in the statement of financial activitses when entitlement has passed lo the charity.. il is probable that the economic benefits associaled with Ihe Iransaction will flow to the charity and the amount Can be reliably measured. The folkjwing spe¢rfi¢ policies are applifjd to particular catyries ol income: income from donations grants i8 recognised when there is evid8nce of entillemgnl lo the grft. r8ceipt is probable and rts amount can be measured reliably. gacy income is recognised wknen receipt is probable 8rKI entitlement is estsblished. income from donaled goods is measured at thè fair value of the goods unless Ihis is impractical lo measure rdiably. in which use the value is derived from the cost lo the donor or Ihe eslirnated resale value. Donated facililies and services are recognised in the accounts when r8ceiv8d rf ihe value can be relblY masured. No amounts are included for th6 contribution of general volunteers. Income Irom contracts for th8 suppty of serv8 is regjgnised wtth the dellvery of the conlracled servtce. This is classified as unrestricted ftjnds unles$ there is a conlraclual requirement lor it lo b& spent on a partiuJlar purpose and relumed if unspgnl. in which Ga$e it may be re9afded as $trIcI¢d. ExndItur0 Expenditure is recognised on an 8ccru81s basis as a liabilty is incurred. Expenditure includes any VAT which Csnnol be fully e0vered, and is classifd under headings ol the slalemenl of finonGial actNities to which it relates.. expenditure on raising funds includos th8 cos15 of 811 fundralslng 8clivilles. ovenl$. nOn<harItab trading aclwilies. and the sal8 of donated goods. expenditure on Charilab aclNilies includes all costs incuffed by a charity in undertaking activities that further its Charitab 8ims lor Ihfj benefft of ils beneficiaries. including those support costs and costs relating lo the governance of the charity apportioned lo charitable ac11vil$. other experKlilure includes all expendiiure thal is neiiher related lo raising fvnds for the harity nor part of its expenditure on charitoblg aclr¥rties. All costs 8re allocated lo expenditure categories ref*ting ihe use of the resource. Diwl costs attributable to a single activty are allocated direclty lo that 8ciNity. Shared costs are apportioned beeen the actwilies they contribule lo on a reasonab, justifiable and consistent basis. Operatlng L•as•8 Lease payments are recognised as an expense over the lease tem) on a straight4ine basi5. The aggregate benefrt of 0$e incenlives is recognised as a reduction to expense over the lease term, on a slraight-line basis. 16-
Tees Valley Young Men's Christian Association Not•s to the Flnancial Statements (conlthu• Year Ended 31 March 2023 A¢¢ounllng PolS¢le$ (¢onlinwd) Tanglble A$5ets Tangible assets are inilialty recorded al cost. and subsequenlty slated at cost less 8ny accumulated depreciatn and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair vahJe at the dale of revaluation less any subsequent accumul8101l ¢Jeprecialion and subsequent 8ccumulaled imp01mnI losses. Dèprèclatlon Depreciation is calcuL4ted so as lo write off the cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as folknws.. Freehold property Tools Fitness suite Motor vehicles Fixiures, fiitings and equipmenl 2% slraKJhl line 20% straight line 33% slraighl line 33% straight line 33% straight line Impalmi•nt of Flx•d Assots A review lor indicators of impaimienl is Caled out at each reporting dale. wth the cOVerable amount being e$limaled wherg such Indi101$ gxisl. Where Ihe ¢arrying valug exceeds the recoverable 8mounl, the assel is Impair accordingly. Prlor impaim)&nts arè al80 revi6w6d for possible reversal at each rèporting dale. Flnanclal Instruments AJI of the charitys finaneial instruments can bè dassrfied as basle. Baslc financéal Inslrumènls are nitialty recognised al the amount receivable of payable including any related transaction c0515, unless tha arrangemenl wnstilules a financing Iransaction, where rt is recognisgd al the Pfesenl valuo of thg fLbture payments discounled al a markel rale of interest lof a similaf debt inslrumenl. D•fln•d Contrlbutlon Pl•n¥ Conlributions to defingd conlribulion plans are recognised as an expen$9 in the period in which the relaled service is provided. Prepaid conlribLJbons are recognised as an assel lo the exlenl that the Prepayment will lead to a redUctft in lulure payments or a cash refund. Llmlted by Gu•r•nt•• The charity is a company limited by guarantee. there being no share capital. and as such is not under the control of an indivhlual but ol Ihe Board a5 a whole. At 31 March 2023 there were 5 members. each ol whom had undertaken to contribut? an amount not exceeding £1 in the event of a winding vp. 17-
Tees Valley Young Men's Christian Association Notes to the Finan¢l*l Stat•mgnts (¢onknuqd) Y•ar End•d 31 March 2023 Donatlons and Legaci•s Unreslricled Funds Reslricled Total Funds Funds 2023 Donatlons Donations 6,929 47 6,976 6.929 47 6,976 Unrestricted FurKIs Restricted Total Funds Fun(l$ 2022 Donatlons Donations 218 218 Grant• Tudor TnJsl 2,000 2,218 218 2.000 ¢harltabl• ActSvltb•• Unreslricled Funds Reslricl8d Tot•1 Funds Funds 2023 Social h¢Jusing income Y Connect Positive Support Pathway 700 Club- Househokj Supw)rt Fund Tees V811ey Community Foundation County Durham Community Foundation Community Foundalhjn - Povèrty Hurts Durh8m Police- Back on Track Safor Streèts Other smaller gfanls 268.829 268.829 63,742 323,318 7,500 2,500 2,200 2,000 2.500 2.900 63.742 323.318 2.SOO 2,200 2,1)00 2,500 2,900 604.247 71.242 675,489 18-
Tees Valley Young Men's Christian Association Notes to the Flnancial Statements (conttftu•dJ Y•*r Endèd 31 March 2023 Charitable Activities Unrestricted Funds Restricted Total Funds Fijnds 2022 Social housing income Y Connect Positive Support Pathway Other Covid granis Other smaller grants 267.523 267,523 65,368 270,856 13,000 5,796 65.368 270,856 13,000 5.796 544.175 78,368 622,543 Othèr Tr•dlng Actlvhl•• Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 YMCA Trading income Room hire Other income 20,630 7.344 5.937 20,630 1.800 10,802 1.800 10.802 5.937 33.911 33.911 12,602 12,602 Exp•ndlturè on Charh•ble Actlvitle• by Fund Typ• Unreslrtcknl Funds Reslrlcled Total Fund• Funds 2023 Charflable aclivilles Support CO818 499,567 110.352 77.484 577,051 110,352 609,919 77,484 687,403 Unrestricted Funds Reslrlcled Total Funds Funds 2022 Charitable aclivilies Support costs 406,734 115.167 81,151 20,000 487,885 135,187 521,901 101,151 623.052 19-
Tees Valley Young Men's Christian Association Notos to the Flnanclal Stat•m•nts (con Y•ar Ended 31 MaTch 2023 Expenditure on Charitable A¢tlvitl•s by A¢tl¥lty Ty ActivrtS undertaken directty Support costs Total funds Total funds 2023 2022 Charftable activities Govem8nc6 costs 577.051 108.462 1,890 685.513 1,890 621,162 1,890 $77,OS1 110.352 687,403 623.052 10. Analysls of Support Co¥ts Charil8blg activities Tot•1 2023 Total 2022 Staff costs Premises General office Governance costs Lggal & professfi81 fees Depreciation Other costs 30.773 29.959 21,170 1.890 13,100 1.431 12.029 30.773 29,959 21.170 1,890 13,100 1,431 12,029 66,838 28,856 20,189 1,890 10,737 1,431 5.226 110.352 110,352 135,167 11. N•t In¢om• Nel income is stated after ChargIn(creditingl'. 2023 2022 Depreciation of langiblo fixed assets Loss on disposal of tangible fixed a$sets 1.431 3,634 4.843 12. Ind•p•nd•nt Exarnlnatlon F••$ 2023 2022 Fees payable to the independent examiner ftir. Independent examinalion of the fin8nual statements 1,980 1,575 13. Staff Costs The lolal stsff Costs and employee beneffts for the reporb'ng period are analysed as follows: 2023 2022 Wages and salaries Social security costs Empk)yer conlribuiions lo pension plans Other employee benefits 268,717 23,896 4,905 109,836 218,594 18.437 4,018 96.362 407.354 337,411 -20-
Tees Valley Young Men's Christian Association Notes to th• Flnanclal Statements {totstknu•dJ Year Ended 31 March 2023 13. Staff Costs l¢onthu•dJ The average head count of employees during the year was 11 12022.. 10}. The average number of full-lime eqiJival6nt employees during the year is anatysed as folkJws= 2023 No. 2022 No. Number ol management staff Number of other staff 10 10 No employee weived employee benefits of mcKe Ihan £60.OLK) during the year {2022: Nil}. K•y Man4g•m•nl P•rsonn•l Key management personnel include all persons thal have authority and responsibilily for planning, directing and controlling the activities of the charity. The total compensation paid lo key management personnel fly services provhjed lo the charity was £52,692 {2022..£55,0801. 14. Truit•• Rèmun•r*tlon and Exp•ns No remunerath?n of other benefits from employment with the charity or a related entity were received by the trustees. During the yeai tho ¢harity reimbursed travel expenses lotallirKJ £Nil12022 - £nill. 15. T•nglbl• Flx•d A•••ts Fixlures, Motor fith'ngs & vehicles equiprnenl Freehold propety Toots Total Co$t At 1 Aprll 2022 and 31 m¥h 2023 71.571 1,031 25.934 121,454 219,990 Dopreciatlon Al 1 April 2022 Chorge lor the yeor At 31 M•T¢h 2023 10,019 1,431 1.027 25.932 121.451 158.429 1,431 11,450 1.027 25,932 121,451 159,860 C•rySng amount At 31 Mar¢h 2023 60,121 60,130 Al 31 March 2022 61,552 61.561 21
Tees Valley Young Men's Christian Association Notes to th• Fln•n¢lal Stat•monts l¢onttftir•d) Y•ar End•d 31 March 2023 16. Debtor¥ 2023 2022 Trade debtors Prepayments Accrued income Other debtors 4,578 16.395 20,449 458 9,370 23,218 240 41.880 32,828 17. Cr•dltors: amounts falllng due wlthln ont year 2023 2022 Trad¢ Gredilors Accruals Social security and other taxes Deferred income Olh6r creditors 38,760 3,332 5,680 15,085 2.978 6,416 1.800 1,223 3.231 51,003 27,502 18. Penslons and Other Post R•tlr•ment Beneffts D•fln•d contrlbutlon pl•ns The amount recognised in InMe or expendtture as an expense in relat to defined contribution plans was £4.90512022.. £4.0181. 19. Anaty•l$ of Charltabl• Funds Unr••trlct•d fund# Al 1 Aw'l 2022 At 31 March 2023 nm0 Expenditurè Transfèrs General funds Capital lund 129.634 61.561 645.087 {608,488} 11,4311 1609,9191 166,233 60,130 191,195 645,087 226,363 Al 1 April 2021 At 31 March 2022 Income Expgndf(uro Transfers General funds Capital fund 86,062 70,038 556.995 {513,4241 18.477) (521.901) 129,634 61,561 156.1 556.995 191.195
Tees Valley Young Men's Christian Association Notes to the Flnancial Statements I11nodJ Year End•d 31 M¥r¢h 2023 19. Analysis of Charltable Funds (coftthiu•d) R•strlcted funds Al 1 April 2022 At 31 March 2023 Incom8 Exponditure Transfers Y cOnnt DBC Covid Funding 700 Club- Household Support Fund 63.789 69,3251 {1,256) 268 1.256 7,500 (6,903} 177,484) 597 71,289 Al 1 Apn'l 2021 Al 31 March 2022 Incomg Expenditure Transfers Y Housing County Durham Community Foundation Tudor Trust Mutu81 Gain D8C Rap Tesllng Grant Y Connect D8C Covid Funding 14.798 {14.7981 7.848 (7.848) 12.008) 12.171) 2.171 3,027 13,0181 159.564) 111,744) 191 65,368 13,000 5,804 1.256 27.844 80.368 1101,1511 7.060 -23-
Tees Valley Young Men's Christian Association Notes to th• Flnanclal Stst•m•nts {contlnuedJ Y•ar End•d 31 March 2023 19. Analysis of Charitable Funds (¢onthiwd) The restricted funds are for tho folbwing pUOses. Y Housing CDCF Funding for the housing lurb1$hmen¢. Funding for specialist open access provision for young people wilh disabilities or complex need5 Funding for the housing refurbishment. To fund youth community work, held at Eastboume sports complex. To support the iMpmentall)n of Lateral Flow Devices {LFDI during cowd. for staff and resKlents which was alk)caltd via Oarlington Borough Council. 4 year funding lo deliver youth activtties to young people wthin the Borough of Dadinglon aged 10-19. or up lo 25 with SEN. To pay slaff wtK) are isolating in line with government guidance Iheir norn1 wages wthiLg they are doing so and lo ensure staff in conlacl wrth residenls do not work in other settings. Discretnary fund to respond to thè cost of living crisis. Tudor Trust Mutual Gain Rapid Tesling Fund Y Connect D8C Covid Funding 700 Club- Househokd Support Fund 20. Analysls of N•t As$•ts Betw••n Funds Unr8Strict8d Funds Roslricted Total Fund• Funds 2023 Tanglble fixed assels Current assets Creditors less than 1 year N•t •ss•ts 60.130 217,236 151.0031 226,363 60,130 218,101 151,0031 227,228 865 Unrestricled Funds Reslficted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less Ihan 1 yo N•1 •ss•ts 61,561 157.136 127.5021 191.195 61.561 164.196 {27,5021 198,255 7,C60 21. An•ly$l$ of Ch•ng¢s In N•t O•bt At At 1 Apf 2022 Cash flows 31 Mar 2023 Cash al bank and in hand 131.368 44.853 176.221
Tees Valley Young Men's Christian Association Notes to the Flnancial Statements Yoar End•d 31 March 2023 22. Operatlng Lease Commltm•nts The total futur8 minFmum lease payments under non4ancdlable operating aSe$ 8re as follows.. 2023 2022 Not later than 1 year Later than 1 year ar not later than 5 years 5.989 5,332 5,989 11,177 11,321 17,166 23. R•latod P*rtl•s There were no related party transactions untlertsken during the year. 24. Post Balanco Sho•t Ev•nts The ch8rlty sold rts freèhold property {8 Middleton Street) on 4th August 2023 for £74,000. -25-
Tees Valley Young Men's Christian Association Management InfoTmation Year End•d 31 March 2023 Th• Followlng P•g•s Do Not Forni Part of th• Fln•nclal Stst•m•nts.
Tees Valley Young Men's Christian Association D•tall•d Stst•m•nt of Flnan¢lal A¢tfvlUe$ Year End•d 31 March 2023 2023 2022 In¢omo and endowments Donations and l•gaci?s Donations Tudor Trust 6.976 218 2,000 6.976 2.218 Charltable actlvltl•s Social housing income Y Connect Positive Support Pathway 700 Club- Household Support Fund Tees Vallgy Communrty Foundation County Durham Community Foundation Other Covid grants Community Foundation - Poverty Hurts Durham Police - Back on Track Safer Streels Other smaller grants 268,829 63.742 323,318 7.500 2,500 2.200 267,523 65,368 270,856 13,000 2,500 2.900 5,796 675.489 622,543 Other tradlng a¢tlvltl•8 YMCA Trading income Room hire Other incomg 20.630 1,800 10.802 5,937 33.911 12,602 Total Incom• 716.376 637,363 -27-
Tees Valley Young Men's Christian Association Detailed Statement of Flnan¢lal Actl¥ltl•s (¢ontinutdJ Y••r Ended 31 March 2023 2023 2022 Expenditure Activities undertaken directy Wages and salaries Employerfs NIC Employerfs pension costs Other staff costs Light and hgal Premises expensos Vehicle expenses Legal and professional fees (yrice costs Depreciation Loss on disposal of Richmond ossets Programme rèlated costs Service charge 238,560 23,896 4,905 109,220 18.274 19,470 733 2,879 1.267 157,372 18,437 4.018 90,748 19.444 23.912 1.264 4,991 1,803 2,203 4,843 91,474 67,378 89,866 67.981 577.051 487.885 Support costs Wages and salarlos Olhef stsff costs Premises costs Legal and prof858ional fees Office co$is Depreci81ion Other cosis 30.157 616 29.959 13,100 21,170 1,431 12,029 61,222 5,616 28,856 10,737 20,189 1.431 5,226 108,462 133,277 Gov•rn4nc• co1 Indèpendènt èxamlnerfs fees 1,890 1.890 Totsl èxp•ndltur• 687.403 623,052 N•t Incom• 28.973 14.311 -28-
Company Registration Number.. 02794134 Charity Registration Number: 1020171 Tees Valley Young Men's Christian Association Financial Statements For the Year Ended 31 March 2023 ALLEN SYKES LTD Chartered Accountanls 5 Henson Close South Church Enterprise Park Bishop Auckland County Durham DL14 6WA
Tees Valley Young Men's Christian Association Flnancoal SL*ements Y•ar Ended 31 M•r¢h 2023 Page Trustees, Annual Report Ilncorporaliw the D1CtOrS. Report) Independent Examinerfs Report to the Trustee5 10 Slalement of Finanrial Activities Ilncluding IroMe and Expendiiure Accounti 12 ststemenl ol Financial PosilKJn 13 Statement of Cash Flows 14 Notes to th8 Flnancial Slatements 15 Th• Followlng P•g•s Do Not Fomi Part of th• Flnanclal St•t•m•nt$ Deloiled Slalemenl of Financi81 Activilies 27
Tees Valley Young Men's Christian Association Tru5tees' Annual Report Ilncorporatlng the Directors. Report) Year Ended 31 March 2023 The Iruslees. who are also the directors for the purposes of company law, present their report and the unaudited financial slalements of the charity lor the year ended 31 March 2023. Ob •¢tlves and Actlvltle$ The Objects of Ihe Association are". 11 To advance the Christian faith. including by- 181 promoting a Christian enviionmenl inspired arKI motivated by lh8 life, example and leaching of Jesus Christ. where people of faith and people of nong can work 10gelher for the transformation of communities-. and Ibl enabling people of all ages and in par1icular young people, to flourish through experièncing and responding to the love of God demonstrated by the lrfe. example and leaching of Jesus Christ. 21 To proVe or assist in the provisw)n in the interests of social weffare of facililies for recreation and other leisure lime ¢Upation for men and women wrth ihe object of improving their condilKJns of lrfe; 31 To provide or assist in thè provisk)n of edu¢atlon for people of all agès and in particular young people, wllh th8 object of devoloping their physThl. montal or wiritual capacities.. 41 To relieve or assist in the rel1 of pèopk ol all ages and in particukr young peoplè, who are in conditions of need, hardship or distress by rfjason of their social, physical. emotional. spiritual or economic circumstances., and 51 To provide resident1 accommodath, for people of all a98S and in parbcular young people, are in need. hardship or distress by reason of their soual. physical. emots'onal, spiritual or economic circumstances. Prlnclpal a¢tlvltl•$ Tees Valley YMCA provk1e8 s8r4ke8 to young peopl? aggd 10 10 25 across the Tèes Valley region including., Darlinglon. Sloeklon. Middlesbrough and Redcar and Cleveland. We seek lo support young people facing adverse circumstances and to reach disadvantaged young people living across some ol the mst deprived wards in the Tees Valley area. We lake an asset-based approach lo deliv8ry and were we can. co design servlces and actT¥rties. Tees Valley YMCA'S purpose is to work Mlh Ihe local community •nd partners, delivering diverse programmes that meet th8 needs of young people. This is reflecled in our grassroots work and the work we contribute to at a stralogic level. We tjeliver onoing service$, pibt new areas of act¢vity, deliver on partnership work and implement inrKNative approaches to Soryico delNery. Mls$lon St•t¢m•nt Our mission is lo delivèr provi$k)n and $8rvi¢es that support the tèntial lor young p8opl8 and othèrs lo achievè positive oulcorr*s.
Tees Valley Young Men's Christian Association Tru$tsos' Annual Report Ilncorporaling the Directors. Report) l¢onllnu•dJ Yeaf Ended 31 M•r¢h 2023 Values Our core values are.. An asset based appfoa¢h in order to 5UPPOrt the growth and devek)pment of individuals in all their diversity and polenlial. The provision of equal access and participatK)n for all persons. A commitment lo quality leadership providefj by volunteers and slaff. An elhical and independenl organisatRJn that is financialty Self-suffi¢nl. Core afeas of Operatlon Tees Valley will provide a range of age approwiale seNices for young people ensuring direct oulcomes Ihrough Ihe folkjwing areas of delNery'. Housing relalgd support and accommodation services. Community based services offering earty help and preventsve work. The creation ol opportunities lo g8in leaming, knowledge and skills for young people. Supporting young people lo be part of creating safer and $lrong8r communities. Targeting work to improvo the lrfe charths of Young Peopl8. T••8 Valley YMCA Strateglc ObJ•¢tl¥es Tges Valley YMCA will endeavour lo ccffjlribute lo bcal, regional and national slralegles and aggndas in order lo meel the needs id6nlif*d wilhin our kxal commLtnity. Tees Valley YMCA will improve outcomes for young people by developing and sharing best pr8clice, quality man8gemenl systems and forging effective partnership work wtth extemal agencies across all sectors. Tees Valby YMCA will Ihrouoh the delivery of communty Servi$. •nUrage and facilitate fair representation of young peopl8. youth led participation and 8n increased plallorm lor young people's volces to be heard. Tees Valley YMCA wlll endeavour lo work ueativety to ensure their suslainabilily arKI conlinufj(I presence in Teès Vall8y.
Tees Valley Young Men's Christian Association Trustees. Annual Report Ilncorporatlng the Directors, Report) (conllnu•d) Year End•d 31 Mar¢h 2023 Achievernents and Perforniance Wg have re-established qualty services to thè young people of the Borough, lorged responsive partnerships lo meet need and developed seryus lo address the issues young people face. A¢¢ommodatlon. Housing & Support During 2022-23 we provided.. 315 intervenlK)ns to m8ximise income. 61 Interventn$ lo reduce debt, 60 opportunities to move towards p8itl work. 228 opportunrties to move towards Irainingleducation, 421 individual activities providing leaminglcultureAeisure opportunities, 60 inlerventions lo eslabjish contact family and friends, 287 interventions to establish conlacl exl8mal services, 230 opportunities lo manage physical health, 238 opportunities lo man8ge mentsl health. 14 inlerventft)ns lo manage substance misuse. 335 individijal aclivilies to devèlop confidence to exercise choice. control and involvement. Po8ltlv• Support Pathw•y Through this palhway we provided MO than 15,000 hours of direct support lo young people enabling them to.. Participate in leisure, cullure, f8ilh or infomial Igaming activities lo improve wellbeing, to att8nd and access educ8tion, learn Ihrou9h group work and on a 1.. 1 basis, lo participate in activities lo Increase Confidence. independence and communty involvement and to obtain and mainlaln employment. Y Conn•ct Through our Youth Work we improve s¢xo1 and emot81 resiliènce Ihrou9h infomial education and engaging 8clivilies. During this ygar we delivered 666 youth sessions. worked wilh 808 new youn9 people, and clocked up 2,342 visrts lo our aclivil*s. We delivered 5 community 8nd school based youth sessions e8ch week during tem time. logelh8r S evening sessions per wèek from The Hub based at Middleton Court. We provKle school holiday activrties. These aclivrties enable young people lo build t6am skills and experignco now thiryJs In a safe. trusted environmanl. Publ1¢ B•n•flt The charity carries out a wide range of aclNiiies in pursuance of its chafitable aims. The Twslees consider that these actiwlies provide benefit l)olh lo those who direcuy receive services and the wider communily acfo$s Tees Valley. The tru$lges confimi that they have complied with the duty in section 4 of the Charities Act 2011 to havfj due regard to the public benefit guidance published by the Charity Commission.
Tees Valley Young Men's Christian Association Trust••s' Annual Report Ilncorporating the DlrectOTS' Report) l¢onUnu8dJ Y••r End•d 31 March 2023 Flnanclal R•vl•w Income lor the financial year was £716.37612022 - £637,363) and expènditure was £687,40312022 £623.052}. Total funds of £227.228 were held as at 31st March 202312022 - £198,255) and are made up as folbws". 2023 General funds- Capilal G8ner81 lunds- Revenue 60,130 166,233 General fvnds - Tol81 Restri¢1gd lunds 226.363 865 TOTAL 227.228 Acc¢untlng poll¢l• The accounbng polides ol the charty have not changed during the year. The directors confimi that the accounts cc¥nply with the stalulory requirements of the Chadly's goveming documgnl. R•s•rv•s Pollcy Tees Valley YMCA has various lunds availabl8 lo finar rts actNltles. Unrestricte(I lunds are funds that are expendable al the discrelion of the Board of DireCtS in lurthèr8nc6 of the ¢hèrily'$ objects. The Board may deslgnale such funds for a particular purpose or pioioct. Thg ggneral fund 15 th¢ amount ol unrestricted funds that has not been designaled. Free resoThes' rgpresents the gengral fund, less the amount ulilised lo financt fixe¢J assels. The Board recognises the nfjed to establish and maintain a level of general reseryes that en8bles flnancial slabllity. is adequate lo meg1 lh8 roquiroments of working capital and can ad as a cushion aoalnsl fluclualions Sn Income levels and in the finanal perfomianc8 of the YMCA'S activities. Such reserves are built up from operating surpluses. The trustees bolve thal the minimLtm Ve1 of Iroe reserves should be the equivalent of six months. oper81ing costs. calculaled and reviowed annually, an(1 believe that il should be built up lo the desirèd 16v61 in stages consislenl wth the charity's overall financial position and ils need lo maintain and develop its charitable activilie5. The levels of serveS are cthely monitored through the year. Polenligl risk$ to impact reserves have been idenlffied, with a focus on the short 18m) polenli81 drawdown ol reserves r8quiring limg 10 und8rtak& 8ddiiKJnal mitlgation activities and adjust to the changed financial circumstsnces. The Iruslees estimate that six months. opgroting cosls Cuffentty equate lo £343.CIJO. Al 31$1 March 2023 free reserves lolalled £166,233. The Trusl8es intend to increase reserve5 over the next few years by careful tmjdget setting and cost control. Inv•stments Statem•nt The Memorandum ol Association stsles that in furtherance to the obiectivès. the company shall have the power.lo invest the moneys of the Association not immedi81ely required for rts purpose in or upon such investment, security or property as may be thought fil. subject nevertheFDss to such conditions (if anyl and such consenls Irf any) as may for the tsme being be imposed or required by the law and subject also as here in after provide(r. Surplus funds are currentty hek1 in a hKJh interest deposrt account.
Tees Valley Young Men's Christian Association Trust••$' Annual Report {Incorporating the Dlr*¢tors' Report) (¢OnlthuJ Yoar End 31 March 2023 Employmènt Poll¢ie$ All inlemal policies and procedures ale tracked and updated when required. Polltical contrlbutlon$ Thè charity made no political contributions duriTrJ the y88r. Structurn Gov•m * and Man• ement Govornlng Document Tees Valley YMCA is a charilable company limited by guarantee., rt was incorporated and registered as a charity on 26th February 1993. The company was established under a Memorandum of Associalion which sh¢)ws the objects and powers of the charitsble company and is govemed by the Articles of Association. The name of the organisation was Changed on the 21 sl November 2008 from Dartington Young Men's Christian Association to Tees Valley Young Men's Christian Asstxialion. Oryanlsatlonal Structu The Association is managgd by a Board of Dlreclors. The 8oard has 5 membgTS, drawn from a v8r40ty of professional backgrounds relevant lo the work of the Association. The Board me81 quarterty and are responsible for the slralegic direclK)n and policy of the AsSocialn and Ihe appointment of the Chief Executive. The CEO and Chair meet bi-monlhty. The audii committee rneels as and when required. The Chief Executive is accountable lo the Boartl of Dirèclows arKI has del8galfjd authority lor the operational and financial perfomiance of the Asso¢ralion.
Tees Valley Young Men's Christian Association Trustsos. Annual Report Ilncorporating the Directors, Report) (¢0nttn¢dJ Year End•d 31 Mar¢h 2023 Appointment of Dlrtctors The diieclors of the company are also chanty Irustees for the purpose of charity law and under the CoMpanS Articles are known a5 Members of the Management Committee. The Management Committee seeks lo appoint Dir1015 with a dbverse range of knowledge and skills that will enhance the w¢)Ik of the Associalion providing ts)th support and challenge lo senior managers in equal measure. The current board comwises of an accomplished and long standing range of r8pr8senlalives from all seciors with skills sets including: housing management. private enlerpriselbu$in8ss, ILxal govemmenl. media. the volLtntary and community sector and financ8. The Committee is particularty inlerestsd in 8ppointing members with the following skills.. Youth and Communtty Work Housbng Management Local Governrnenl NHSIPublic Health Commissioning Media Law Financ8 Fundraising Community Inlergsl Pasloial Dlroctor Inductlon #nd Trlnlng On election lo the board briefings are arranged with Ihe Chair and Chief Executive Officor lo.. Discuss the obligations of the Managemenl Members Examine the m8in documents which sel out the operational tramtr+vo for the charity including thè Memorandum and Artic$ ol Associ8tion Gain an understanding of the Association's currenl financial position as sel CArt in Ihe latest published accounis Discuss future plons and oty'ectives of thè Associats'on Undertake DBS checksl$¢reening Equallty and Dlver•lty Monltorfn9 Tees Valley YMCA operates an equal opportunils empk)ymenl policy. All slaff receive trainin9 in Equality, Diversity and InclusKn. Tees Valky YMCA gives lull an¢J fair con$ider8lion to applications for employment m8de by dis8ble¢J persons having regard lo their particular apliludos and abilities. Whe possible, Tees Valley YMCA continues Ihe empkymenl of. and arranges approprtale training for employees who have become disabled during the period they were employed. Disabled persons are tr8at8d in the same way as other empwes when training. career d8vel¢Jpm8nt and pmmotlon are bging considered. Manag•m•nt R¢vl•w The organi5alion undertakes an annual management review across all afeas of activity and oporalion. This links with the org8nisalional strategic objectives and strategic sd)edule th81 is in place. The business has a business action plan thal is tracked and monitored.
Tees Valley Young Men's Christian Association Trusts•s' Annual Report Ilncorporating the Dlr•ctors' Rportl f¢onllnuedl Y•ar End 31 March 2023 Rl$k Rovl•w The majority of the organisation's funding is secured through contracts and granls usualfy18sling up lo 3 years,. some are annual. Conlinualion funding is not guaranteed. The directors recognis8 the importance ol ongoing fundraising to ensure the sustainability ol the organisatson. The CEO and Finance Manager Provide the board with detailed financial information,. a hBhly monitored cash flow update, outline of current funding opportunities. an ongoing analysis of cost efficiencies and new opportunities for income generation. risk register, work plan and management accounts. During the ye8r the directors have monilored the AsSocialn arKI ils trading environment. and have pul in place conlingenw plans lo miligale Klenlifiable risks. Ongoing ¢osl efficiencies a having an impact and improved housekeeping has ensured a leaner organisalion wofking more efficiently and effectively. The organalon has increased regularity of tK)ard meetings with a finance Sub gfOUP established to SLtpport the financial decision making that is required in the coming year. The CEO and the Finance Manager have continued lo reskxind proactively to a changing financial landscape wilhin the sector. The securing of a major commissK)ned contract from Supporting People and significant grant funding has allowed the organisalK)n lo stabilise. The CEO conlinugs to submll several additional applications for grant funding foi new services and core cosls. Toes Valley YMCA will continue lo make changes lo all aTr8s of operation in Order to cut ¢osls, increase effICneY and reduce overheads. This has worked 10 51abili5e the business anil lo operate more effectively ¥wthin ils means. We h8ve imposed Iyhter financial regulations an(J control5, increased the profile and reputation ol the work ol the YMCA and created 8 more sustainable staffing Struclure lor the org8nisalion. The org8nis8lKn is ¢urr8nlty exploring social enlrepreneurial activities and $¢xtal inveslmenl. The organisalion has a risk règistèr which is reviewed with the board al each meeting.
Tees Valley Young Men's Christian Association Trust••s' Annual Report (IncooratIng the Dir¢¢tors' R•portl (con*nued) Y•ar End•d 31 Mar¢h 2023 Referenct and Admlnlstrallv• D•tails R•glst•r•d charlty narn• Tees Valley Young Men's Chri$tian Association Charity registration number 1020171 Company r•glstratlon numb•r 02794134 Principal offlce and r•gl•tered Mmldleton Court offi¢• Middleton Street Dartinglon County Durham DL1 1TU The Tru$t•es Malcolm Wright (Chair) Raymond Flowers Chrislopher While J8ni¢e Fosl&r Annette Clark Julie Fraterrigo David Kirton Karen Lalhan IRelired 1 September 20221 IRelired 6 March 20231 (Retired 1 December 20221 (Appointed 24 January 20231 {Appoinled 5 October 20221 (Appointed S Octob81 20221 (Served from 5 Octobèr 2022 10 6 March 20231 Cllr N81 Boddy Prlnclpal Stsff Janine Browne CEO Indoynd•nt Examln•r Jillian F Hindmarsh FCA Ajlen Sykes Lim¢led 5 Henson Close Soyth Church Enterprise Park Bishop Auckland County Durham DL14 6WA Sollcltorn Jacksons SolvtQTS Innovation House Yarn Road Slo¢klon-On-Tees TS18 3TN Bankern Bay$ Bank Pk 27-31 High Row Darfinglon DL3 70W
Tees Valley Young Men's Christian Association Tru$ts•$' Annual Report Iln¢orporating th• Dlre¢tors' Reportl (¢Onllnuodl Year Ended 31 Mar¢h 2023 Small Company Provisions This report has been pPared in accordance wlh the proVN$n$ applicab lo companies enlilled lo the small companies exemption. The trustees, annual report was approved on . Iwstees by.. . and s19rd on bohalf of the board of M81colm Wrlghl (Chairl Trustee
Tees Valley Young Men's Christian Association Indepondent Examlntrfs Report to th• Trust••s of T••s Valley Young Men's Christian Assoclatlon Y•ar End•d 31 March 2023 I report lo the InJslees on my examination of the financial statements of Tees Valley Young Men's Christian Association llho charity'l lor the year ended 31 March 2023. R•sponslbllfti•s and 8asls of Report As the trustees of the company land also its directors for the purp)ses of company law} you are re5pon5ible for the preparation ol the ffinancial ststements in a¢anCe wth the requirements of t Companies Acl 20061'Ihe 2006 Acl'l. Having satssfied myseK that the accounts of the company aro not required lo be audiled under Part 16 of the 2006 Act antj are eligible lor independent examination, I report in respect ol my eyaminalion of the charity's accoun15 as caffied out under section 145 of Ihe Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Cornmission under section 14515Mbl of the 2011 Act. Ind•pond•nt Examlner's Statèmènt Since the ch8rity'$ gross income exceeded £250.000 examiner must be a member of a body listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undert8ke the examination bècause l am a member of the Instilule of Chartered Accountants in England and Wales {ICAEWI, which is one of the listed bodies. I have completeil my 8xarninaln. I nfIrM Ihal matters have come lo my attenlion in connection wllh the examination giving me cause lo believe.. accounting records wer6 not kept in respect of the chanty as requirod by seCtn 386 of th9 2006 Acl: or the financial Stalements do not occord wlh those records: or the financial statements do not comply wilh the accounling requirements ol section 396 of the 2006 kl olher than any requirement that the accounts give a 'true and fairf view which is nol a matter considered as part of an independent examination.. or thè financial statem8nls have not been prepared in acrdance wfth the m8lhod$ and principles of the Statement ol Recomm6nded Practe for accounling and reporting by charities applicab to charities preparing their a¢eounls in accordance wilh the Financlal Reporting Standard applicable in tho UK and Rtpublic of Ireland IFRS 102}. -10-
Tees Valley Young Men's Christian Association Indendont Examlnevs R•port to the Twstees of Tees Valley Young Mon's Chrlsllan Associatlon fcontinu•dJ Year End 31 March 2023 I h8ve no concems and have come across no oiher matters in connection wth the examination lo which attention should be dfawn in this report in or(ler to enable a proper understanding of the accounis lo be reached. Mrs Jillian F Hindmarsh Independent Examiner Alen Sykes Limited 5 Henson Close South Church Enterpris6 Park Bishop Auckland County Durham DL14 6WA 11
Tees Valley Young Men's Christian Association Statsm¢nt of Flnanclal Actlylties Ilncluding Income and expendlturo a¢¢ountl Year End•d 31 March 2023 2023 Restricted funds Totsl funds Total funds 2022 Unrestricted funds Incom• and ¢ndowm•nls Donations and legacies Charitable activities Olher Irading activitses Totsl In¢om• 6.929 604,247 33,911 47 71,242 6,976 675,489 33,911 2,218 622,543 12,602 645.087 71,289 716.376 637,363 Exp•nditur• Expenditure on ¢haritabk activities Total gxp•ndltur• 609.919 77.484 687,403 623,052 609,919 77.484 687.403 623.052 N•t Incom• and net movem•nt In fund• 35,168 (6,195) 28.973 14,311 R•con¢lllatlon of funds Total funds brought lorward Total funds carrl•d forward 191.195 198.255 183,944 226.363 227.228 198,255 The statement of financial activit$ includes 811 gains and losses recognisod in the year. All inm8 and expendrture derive Ir¢)m Continuing 8Ctivit*s. The notes on pages 15 10 25 forni part of these finan¢ial $tatem•nts. 12-
Tees Valley Young Men's Christian Association statement of Firbanclal Position 31 Mor¢h 2023 2023 2022 Not• Fixed Ass•ts Tangible fixed assets 15 60.130 61.561 Current Ass•¢$ Debtors Cash al bank and In hand 16 41.880 176,221 32,828 131.368 218,101 164.196 Cr•dltors: amounts falling due wlthln one year N•t Curr•nt As$otJ 17 s1.3 27,502 167.098 136.694 Total A$8et$ Lols Current Llabllltlt¥ 227,226 198,255 N•t Ass•ts 227,228 198,255 Funds Of the Charlty Reslricled lunds Unre51ricled funds 865 226.363 7.060 191,195 Totsl charlty funds 19 227.228 198,255 For the year ending 31 March 2023 the charity was entitled lo exemption from audil und6r séction 477 of the Companies Act 2006 reLg1ing lo small companies. Dir8cloT5' responsibilitS.. The members havè not required the company lo obtain an audit ol ts finanry81 statements for the yeai in question in accordance with section 476., The dirgctors acknowledge their responsibilib'es for complying with thè requirements of the Acl with respect lo aeccmjnling records and the preparation of financial $talemenls. These financlal statements have b&en prepared In accordance with ts provisions applicable to mpanies subjeci to the small companies, regime. ese Inancial Statements were appfoved by the board of Iw$lees and aLrthon'$o(I for issue on nd are signed on behalf of the board by: f M,,Jlllo l4/, ht Malcolm Wright Ichairl Trustee Th• note$ ¢)n page$ 15 to 25 fom part of these financial statements. 13-
Tees Valley Young Men's Christian Association Stat•m•nt of Cash Flows Y•ar Ended 31 March 2023 2023 2022 Cash Flows from Oporatlng A¢tlvlU•$ Nel Income 28,973 14.311 Adjustm8nls for.. Depr8cialion of tsngible fixed assets Loss on disposal of heritage assets crued expensesjlincome) 1.431 3,634 4,843 114,4191 354 Changes in.. Trade and othèr debtors Tradg and othgr ¢rgdrtors {9.0521 23.147 4,927 {12.6321 664 Cash generated Irom operations Nel cash from operoling a¢twilies 44,853 44.853 664 N•t Incr•a#• In Caih •nd Cash Equbv•l•nts Cash and Cash Equlval•nts at 8•glnnlng of Y••r Cash and C•8h Equl¥•hnts at End ofY•ar 44.853 131.368 130,704 131,368 176.221 The not•s on pages 15 to 25 forni part of these finanelal Statements. -14-
Tees Valley Young Men's Christian Association Notes to Flnan¢lal Statem•nts Y•ar Endad 31 March 2023 Gèneral Information Thè charity is a public benefit enknty and a private company limited by guarantee. registered in England and Wales and a iegislered charity in England and Wales. The address of the registered office is Middleton Court. Middleton Street. DaIngton, County Durham, DL1 1TU. Stat•m•nt of Compllan These finanal statements have been prepared in compliance with FRS 102, Thè Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Praclice applicablg to tharitios preparing Iheir aw)unts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Ichèriltes SORP IFRS 102)) and the Companies Act 2006. Accountlng Poll¢lè8 Basls ol Pr•par•15on The financlal slalemenls have b8on prepared on the historical cost basls, as modlfied by the rèvaluation of certain financial assèts and liabllilie8 and Investment propertles measured at falr value through income or expenditure. The financial slalements are prepared in slerling. which is the functK)nal currgncy of Ihg ontity. The charity B a public benefit entity. Golng Conc•m There are no material uncertainties about the charitys abilty to continue. Judgem•nts and Koy Sources of E$tlmatlon Un¢*rtalnty The preparation ol the financial slalements requires management to make judgemenls, eslimales and assumplions that affect the amounts reporied. These eslimales and judgements are continually reviewed and are basgd on experigrKe and olhor lactors, induding expoclalion$ of fulure events that are believed lo be reasonable under the circumslarKes. Fund Ac¢ounllng Unrestrictèd funds are available for use al the discretKin of the twstegs to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees particular future project or commilmenl. Restricted funds are subjected lo reslriclions on their expenditure t18¢18red by the donor or through the temis of an appeal, and fall into one of fv40 subdasses.. restricted income funds or gndowmenl funds. 15-
Tees Valley Young Men's Christian Association Notes to the Fin•n¢lal Ststsments (conftu•dl Y•ar End•d 31 March 2023 Accounllng Poli¢le$ (Contin1 Income All incoming resources are included in the statement of financial activitses when entitlement has passed lo the charity.. il is probable that the economic benefits associaled with Ihe Iransaction will flow to the charity and the amount Can be reliably measured. The folkjwing spe¢rfi¢ policies are applifjd to particular catyries ol income: income from donations grants i8 recognised when there is evid8nce of entillemgnl lo the grft. r8ceipt is probable and rts amount can be measured reliably. gacy income is recognised wknen receipt is probable 8rKI entitlement is estsblished. income from donaled goods is measured at thè fair value of the goods unless Ihis is impractical lo measure rdiably. in which use the value is derived from the cost lo the donor or Ihe eslirnated resale value. Donated facililies and services are recognised in the accounts when r8ceiv8d rf ihe value can be relblY masured. No amounts are included for th6 contribution of general volunteers. Income Irom contracts for th8 suppty of serv8 is regjgnised wtth the dellvery of the conlracled servtce. This is classified as unrestricted ftjnds unles$ there is a conlraclual requirement lor it lo b& spent on a partiuJlar purpose and relumed if unspgnl. in which Ga$e it may be re9afded as $trIcI¢d. ExndItur0 Expenditure is recognised on an 8ccru81s basis as a liabilty is incurred. Expenditure includes any VAT which Csnnol be fully e0vered, and is classifd under headings ol the slalemenl of finonGial actNities to which it relates.. expenditure on raising funds includos th8 cos15 of 811 fundralslng 8clivilles. ovenl$. nOn<harItab trading aclwilies. and the sal8 of donated goods. expenditure on Charilab aclNilies includes all costs incuffed by a charity in undertaking activities that further its Charitab 8ims lor Ihfj benefft of ils beneficiaries. including those support costs and costs relating lo the governance of the charity apportioned lo charitable ac11vil$. other experKlilure includes all expendiiure thal is neiiher related lo raising fvnds for the harity nor part of its expenditure on charitoblg aclr¥rties. All costs 8re allocated lo expenditure categories ref*ting ihe use of the resource. Diwl costs attributable to a single activty are allocated direclty lo that 8ciNity. Shared costs are apportioned beeen the actwilies they contribule lo on a reasonab, justifiable and consistent basis. Operatlng L•as•8 Lease payments are recognised as an expense over the lease tem) on a straight4ine basi5. The aggregate benefrt of 0$e incenlives is recognised as a reduction to expense over the lease term, on a slraight-line basis. 16-
Tees Valley Young Men's Christian Association Not•s to the Flnancial Statements (conlthu• Year Ended 31 March 2023 A¢¢ounllng PolS¢le$ (¢onlinwd) Tanglble A$5ets Tangible assets are inilialty recorded al cost. and subsequenlty slated at cost less 8ny accumulated depreciatn and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair vahJe at the dale of revaluation less any subsequent accumul8101l ¢Jeprecialion and subsequent 8ccumulaled imp01mnI losses. Dèprèclatlon Depreciation is calcuL4ted so as lo write off the cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as folknws.. Freehold property Tools Fitness suite Motor vehicles Fixiures, fiitings and equipmenl 2% slraKJhl line 20% straight line 33% slraighl line 33% straight line 33% straight line Impalmi•nt of Flx•d Assots A review lor indicators of impaimienl is Caled out at each reporting dale. wth the cOVerable amount being e$limaled wherg such Indi101$ gxisl. Where Ihe ¢arrying valug exceeds the recoverable 8mounl, the assel is Impair accordingly. Prlor impaim)&nts arè al80 revi6w6d for possible reversal at each rèporting dale. Flnanclal Instruments AJI of the charitys finaneial instruments can bè dassrfied as basle. Baslc financéal Inslrumènls are nitialty recognised al the amount receivable of payable including any related transaction c0515, unless tha arrangemenl wnstilules a financing Iransaction, where rt is recognisgd al the Pfesenl valuo of thg fLbture payments discounled al a markel rale of interest lof a similaf debt inslrumenl. D•fln•d Contrlbutlon Pl•n¥ Conlributions to defingd conlribulion plans are recognised as an expen$9 in the period in which the relaled service is provided. Prepaid conlribLJbons are recognised as an assel lo the exlenl that the Prepayment will lead to a redUctft in lulure payments or a cash refund. Llmlted by Gu•r•nt•• The charity is a company limited by guarantee. there being no share capital. and as such is not under the control of an indivhlual but ol Ihe Board a5 a whole. At 31 March 2023 there were 5 members. each ol whom had undertaken to contribut? an amount not exceeding £1 in the event of a winding vp. 17-
Tees Valley Young Men's Christian Association Notes to the Finan¢l*l Stat•mgnts (¢onknuqd) Y•ar End•d 31 March 2023 Donatlons and Legaci•s Unreslricled Funds Reslricled Total Funds Funds 2023 Donatlons Donations 6,929 47 6,976 6.929 47 6,976 Unrestricted FurKIs Restricted Total Funds Fun(l$ 2022 Donatlons Donations 218 218 Grant• Tudor TnJsl 2,000 2,218 218 2.000 ¢harltabl• ActSvltb•• Unreslricled Funds Reslricl8d Tot•1 Funds Funds 2023 Social h¢Jusing income Y Connect Positive Support Pathway 700 Club- Househokj Supw)rt Fund Tees V811ey Community Foundation County Durham Community Foundation Community Foundalhjn - Povèrty Hurts Durh8m Police- Back on Track Safor Streèts Other smaller gfanls 268.829 268.829 63,742 323,318 7,500 2,500 2,200 2,000 2.500 2.900 63.742 323.318 2.SOO 2,200 2,1)00 2,500 2,900 604.247 71.242 675,489 18-
Tees Valley Young Men's Christian Association Notes to the Flnancial Statements (conttftu•dJ Y•*r Endèd 31 March 2023 Charitable Activities Unrestricted Funds Restricted Total Funds Fijnds 2022 Social housing income Y Connect Positive Support Pathway Other Covid granis Other smaller grants 267.523 267,523 65,368 270,856 13,000 5,796 65.368 270,856 13,000 5.796 544.175 78,368 622,543 Othèr Tr•dlng Actlvhl•• Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 YMCA Trading income Room hire Other income 20,630 7.344 5.937 20,630 1.800 10,802 1.800 10.802 5.937 33.911 33.911 12,602 12,602 Exp•ndlturè on Charh•ble Actlvitle• by Fund Typ• Unreslrtcknl Funds Reslrlcled Total Fund• Funds 2023 Charflable aclivilles Support CO818 499,567 110.352 77.484 577,051 110,352 609,919 77,484 687,403 Unrestricted Funds Reslrlcled Total Funds Funds 2022 Charitable aclivilies Support costs 406,734 115.167 81,151 20,000 487,885 135,187 521,901 101,151 623.052 19-
Tees Valley Young Men's Christian Association Notos to the Flnanclal Stat•m•nts (con Y•ar Ended 31 MaTch 2023 Expenditure on Charitable A¢tlvitl•s by A¢tl¥lty Ty ActivrtS undertaken directty Support costs Total funds Total funds 2023 2022 Charftable activities Govem8nc6 costs 577.051 108.462 1,890 685.513 1,890 621,162 1,890 $77,OS1 110.352 687,403 623.052 10. Analysls of Support Co¥ts Charil8blg activities Tot•1 2023 Total 2022 Staff costs Premises General office Governance costs Lggal & professfi81 fees Depreciation Other costs 30.773 29.959 21,170 1.890 13,100 1.431 12.029 30.773 29,959 21.170 1,890 13,100 1,431 12,029 66,838 28,856 20,189 1,890 10,737 1,431 5.226 110.352 110,352 135,167 11. N•t In¢om• Nel income is stated after ChargIn(creditingl'. 2023 2022 Depreciation of langiblo fixed assets Loss on disposal of tangible fixed a$sets 1.431 3,634 4.843 12. Ind•p•nd•nt Exarnlnatlon F••$ 2023 2022 Fees payable to the independent examiner ftir. Independent examinalion of the fin8nual statements 1,980 1,575 13. Staff Costs The lolal stsff Costs and employee beneffts for the reporb'ng period are analysed as follows: 2023 2022 Wages and salaries Social security costs Empk)yer conlribuiions lo pension plans Other employee benefits 268,717 23,896 4,905 109,836 218,594 18.437 4,018 96.362 407.354 337,411 -20-
Tees Valley Young Men's Christian Association Notes to th• Flnanclal Statements {totstknu•dJ Year Ended 31 March 2023 13. Staff Costs l¢onthu•dJ The average head count of employees during the year was 11 12022.. 10}. The average number of full-lime eqiJival6nt employees during the year is anatysed as folkJws= 2023 No. 2022 No. Number ol management staff Number of other staff 10 10 No employee weived employee benefits of mcKe Ihan £60.OLK) during the year {2022: Nil}. K•y Man4g•m•nl P•rsonn•l Key management personnel include all persons thal have authority and responsibilily for planning, directing and controlling the activities of the charity. The total compensation paid lo key management personnel fly services provhjed lo the charity was £52,692 {2022..£55,0801. 14. Truit•• Rèmun•r*tlon and Exp•ns No remunerath?n of other benefits from employment with the charity or a related entity were received by the trustees. During the yeai tho ¢harity reimbursed travel expenses lotallirKJ £Nil12022 - £nill. 15. T•nglbl• Flx•d A•••ts Fixlures, Motor fith'ngs & vehicles equiprnenl Freehold propety Toots Total Co$t At 1 Aprll 2022 and 31 m¥h 2023 71.571 1,031 25.934 121,454 219,990 Dopreciatlon Al 1 April 2022 Chorge lor the yeor At 31 M•T¢h 2023 10,019 1,431 1.027 25.932 121.451 158.429 1,431 11,450 1.027 25,932 121,451 159,860 C•rySng amount At 31 Mar¢h 2023 60,121 60,130 Al 31 March 2022 61,552 61.561 21
Tees Valley Young Men's Christian Association Notes to th• Fln•n¢lal Stat•monts l¢onttftir•d) Y•ar End•d 31 March 2023 16. Debtor¥ 2023 2022 Trade debtors Prepayments Accrued income Other debtors 4,578 16.395 20,449 458 9,370 23,218 240 41.880 32,828 17. Cr•dltors: amounts falllng due wlthln ont year 2023 2022 Trad¢ Gredilors Accruals Social security and other taxes Deferred income Olh6r creditors 38,760 3,332 5,680 15,085 2.978 6,416 1.800 1,223 3.231 51,003 27,502 18. Penslons and Other Post R•tlr•ment Beneffts D•fln•d contrlbutlon pl•ns The amount recognised in InMe or expendtture as an expense in relat to defined contribution plans was £4.90512022.. £4.0181. 19. Anaty•l$ of Charltabl• Funds Unr••trlct•d fund# Al 1 Aw'l 2022 At 31 March 2023 nm0 Expenditurè Transfèrs General funds Capital lund 129.634 61.561 645.087 {608,488} 11,4311 1609,9191 166,233 60,130 191,195 645,087 226,363 Al 1 April 2021 At 31 March 2022 Income Expgndf(uro Transfers General funds Capital fund 86,062 70,038 556.995 {513,4241 18.477) (521.901) 129,634 61,561 156.1 556.995 191.195
Tees Valley Young Men's Christian Association Notes to the Flnancial Statements I11nodJ Year End•d 31 M¥r¢h 2023 19. Analysis of Charltable Funds (coftthiu•d) R•strlcted funds Al 1 April 2022 At 31 March 2023 Incom8 Exponditure Transfers Y cOnnt DBC Covid Funding 700 Club- Household Support Fund 63.789 69,3251 {1,256) 268 1.256 7,500 (6,903} 177,484) 597 71,289 Al 1 Apn'l 2021 Al 31 March 2022 Incomg Expenditure Transfers Y Housing County Durham Community Foundation Tudor Trust Mutu81 Gain D8C Rap Tesllng Grant Y Connect D8C Covid Funding 14.798 {14.7981 7.848 (7.848) 12.008) 12.171) 2.171 3,027 13,0181 159.564) 111,744) 191 65,368 13,000 5,804 1.256 27.844 80.368 1101,1511 7.060 -23-
Tees Valley Young Men's Christian Association Notes to th• Flnanclal Stst•m•nts {contlnuedJ Y•ar End•d 31 March 2023 19. Analysis of Charitable Funds (¢onthiwd) The restricted funds are for tho folbwing pUOses. Y Housing CDCF Funding for the housing lurb1$hmen¢. Funding for specialist open access provision for young people wilh disabilities or complex need5 Funding for the housing refurbishment. To fund youth community work, held at Eastboume sports complex. To support the iMpmentall)n of Lateral Flow Devices {LFDI during cowd. for staff and resKlents which was alk)caltd via Oarlington Borough Council. 4 year funding lo deliver youth activtties to young people wthin the Borough of Dadinglon aged 10-19. or up lo 25 with SEN. To pay slaff wtK) are isolating in line with government guidance Iheir norn1 wages wthiLg they are doing so and lo ensure staff in conlacl wrth residenls do not work in other settings. Discretnary fund to respond to thè cost of living crisis. Tudor Trust Mutual Gain Rapid Tesling Fund Y Connect D8C Covid Funding 700 Club- Househokd Support Fund 20. Analysls of N•t As$•ts Betw••n Funds Unr8Strict8d Funds Roslricted Total Fund• Funds 2023 Tanglble fixed assels Current assets Creditors less than 1 year N•t •ss•ts 60.130 217,236 151.0031 226,363 60,130 218,101 151,0031 227,228 865 Unrestricled Funds Reslficted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less Ihan 1 yo N•1 •ss•ts 61,561 157.136 127.5021 191.195 61.561 164.196 {27,5021 198,255 7,C60 21. An•ly$l$ of Ch•ng¢s In N•t O•bt At At 1 Apf 2022 Cash flows 31 Mar 2023 Cash al bank and in hand 131.368 44.853 176.221
Tees Valley Young Men's Christian Association Notes to the Flnancial Statements Yoar End•d 31 March 2023 22. Operatlng Lease Commltm•nts The total futur8 minFmum lease payments under non4ancdlable operating aSe$ 8re as follows.. 2023 2022 Not later than 1 year Later than 1 year ar not later than 5 years 5.989 5,332 5,989 11,177 11,321 17,166 23. R•latod P*rtl•s There were no related party transactions untlertsken during the year. 24. Post Balanco Sho•t Ev•nts The ch8rlty sold rts freèhold property {8 Middleton Street) on 4th August 2023 for £74,000. -25-
Tees Valley Young Men's Christian Association Management InfoTmation Year End•d 31 March 2023 Th• Followlng P•g•s Do Not Forni Part of th• Fln•nclal Stst•m•nts.
Tees Valley Young Men's Christian Association D•tall•d Stst•m•nt of Flnan¢lal A¢tfvlUe$ Year End•d 31 March 2023 2023 2022 In¢omo and endowments Donations and l•gaci?s Donations Tudor Trust 6.976 218 2,000 6.976 2.218 Charltable actlvltl•s Social housing income Y Connect Positive Support Pathway 700 Club- Household Support Fund Tees Vallgy Communrty Foundation County Durham Community Foundation Other Covid grants Community Foundation - Poverty Hurts Durham Police - Back on Track Safer Streels Other smaller grants 268,829 63.742 323,318 7.500 2,500 2.200 267,523 65,368 270,856 13,000 2,500 2.900 5,796 675.489 622,543 Other tradlng a¢tlvltl•8 YMCA Trading income Room hire Other incomg 20.630 1,800 10.802 5,937 33.911 12,602 Total Incom• 716.376 637,363 -27-
Tees Valley Young Men's Christian Association Detailed Statement of Flnan¢lal Actl¥ltl•s (¢ontinutdJ Y••r Ended 31 March 2023 2023 2022 Expenditure Activities undertaken directy Wages and salaries Employerfs NIC Employerfs pension costs Other staff costs Light and hgal Premises expensos Vehicle expenses Legal and professional fees (yrice costs Depreciation Loss on disposal of Richmond ossets Programme rèlated costs Service charge 238,560 23,896 4,905 109,220 18.274 19,470 733 2,879 1.267 157,372 18,437 4.018 90,748 19.444 23.912 1.264 4,991 1,803 2,203 4,843 91,474 67,378 89,866 67.981 577.051 487.885 Support costs Wages and salarlos Olhef stsff costs Premises costs Legal and prof858ional fees Office co$is Depreci81ion Other cosis 30.157 616 29.959 13,100 21,170 1,431 12,029 61,222 5,616 28,856 10,737 20,189 1.431 5,226 108,462 133,277 Gov•rn4nc• co1 Indèpendènt èxamlnerfs fees 1,890 1.890 Totsl èxp•ndltur• 687.403 623,052 N•t Incom• 28.973 14.311 -28-