Company Registration Number: 02794134 Charlty Registratlon Number: 1020171 Tees Valley Young Men's Christian Association Financial Ststements For the Year Ended 31 March 2024 ALLEN SYKES LTD Chartered Accountants 5 Henson Close South Church Enterprise Park Bishop Auckland County Durham DL14 6WA Tees Valley Young Men's Christian Assoclation Financial Ststsments Year Ended 31 March 2024 Page Truste88' Annual Report (Incorporating the Directors, Report) Independent Examinerf8 Report to the Trustees Statement of Financial Activities (Including Income and Expenditure Account) ststement of Financial Position 11 12 Statement of Cash Flows 13 Notes to the Financial Statements 14 Th• Followlng Pages Do Not Form Part of the Flnanclal Statements Detailed Statement of Financial Actlvities 25 Tees Valley Young Men's Christian Association Trustees, Annual R8POrt (Incorporatlng the Directors, Report) Year Endéd 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charty for th8 year ended 31 March 2024. Ob ectlv•s and Activities The Objects of the Association are: 1) To provide residential accommodation, for people of all ages and in particular young people, who are In need, hardship or distr888 by reason of their social. physical, emotional, spiritual or economic circumstances. 21 To provide or assist in the provision in the interests of social welfare of facilities for recreation and other leisure time occupation for men 8nd women with the object of improving their conditions of lrfe. 3) To provide or a66iSt in the provision of education for people of 811 ages and in particular young people, with the object of developing their physical, mental or spiritual capacities. 4) To relieve or assist in the relief of people of all age5 and in particu5ar young people, who are in conditions of need, hardship or distress by reason of their 80cial, physical, emotional, spiritual or economic circumstsnces. 5) To advance the Christian faith, including by.. (a) promoting a Chrislian environment inspired and motivated by the life, example and teaching of Jesu8 Christ, where people of faith and people of none can work together for the transformation of communities,. and {b) enabling people of all ages and in particular young people, to flourish through experiencing and responding to the love of God demonstrated by the life, example and teaching of Jesus Christ. Prfnclpal actlviti04 Tees Valley YMCA provide8 services wlthln the Tees Valley and Richmond8hire region. We seek to support young people facing adverse circumstances and to reach dlsadvantaged young people living across some of the most deprived wards in the Tees Valley area. We take an asset-based approach to delivery and aim to co design and coproduce sep4ices and activitie8. Tee8 Valley YMCA'S purpose is to work with the local communty and partners, delivering diverse programmes that responsively meet the changing needs of young people. This 18 evident in our grassroots work and the work we contribute too at a strategic, regional and national level. We pilot new areas of activity, develop partn8r8hip work and aim to implement innovative approaches to service delivery. Mlsslon Statement Our mission is to deliver provlslon and seNices that support the potentlal for young people and others to achteve posltive outcomes. Tees Valley Young Men's Christian Association Trustees. Annual Report {Incorporating the Dlrectors, Report) {condnued) Year Ended 31 March 2024 Values Our core values are- An asset based approach in order to SUPF)Ort the growth and development of individuals in all their diversty and potential. The provision of equal access ar￿ participation for all persons. A commitment to qualty leadership provided by volunteers and staff. An ethical and independent organisation that is financially self-suffici8nt. Core areas of Operatlon Tees Valley will provide a range of age appropriate services for young people ensuring direct outcomes through the following areas of delivery.. Housing related support and accommodation services. Communty based services offering early help and prev8ntiV8 v￿rk. The creation of opportunities to gain leaming. knowledge and skills for young people. Supporting young people to be part of creating safer and stronger communities. Targeting work to improve the lrfe chances of Young People. Tees Valley YMCA Strateglc ObJactlve8 Tee8 Valley YMCA will endeavour to contribute to local, regional and national strategies and agendas in order to meet the needs identrfied within our local community. Tees Valley YMCA will improve outcomes for young people by developing and sharing best practice, quality management Sy8tem8 and forging effective partnership work with external agencies 8cro88 all sectors. Tees Valley YMCA will through the delivery of communty services, encourage and facilitate fair representation of young people. youth led participation and an increased platform for young people'8 voices to be heard. Tees Valley YMCA will endeavour to work creatively to ensure their sustainability and continued presence in Tees Valley. Tees Valley YMCA Strategic Plan is organic to meet need and 18 reviewed annualty. We have continued to successfully deliver our housing and support services to assist young people who are homeless, in addition we have continued to expand our youth based services to more young people of the Borough. The service has successfully obtained OFSTED registration this year in line with regulatory requirements. Public Benefit The charty carries out a wide range of actNities in pursuance of its Charitab￿ aims. The Trustees consider that these activities provide benefrt both to those who directly receive services and the wider community across Tees Valley. The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to tha public benefrt guidance published by the Charty Commission. Tees Valley Young Men's Christian Association Trustees. Annual Report (Incorporating the Dlroctors, Report) (¢ondnued) Year Ended 31 March 2024 Inancial Revl Income for the financial year was £793,117 (2023 - £716,376) and expenditure was £759,434 (2023 - £687,403). Total funds of £260,911 were held as at 31st March 2024 {2022 - £227,228) and are made up as follows: 2024 General funds - Revenue 260,911 Accounting pollcl88 The accounting policies of the charity have not changed during the year. The directors confimi that the accounts comply with the st8tutory requirements of the Charity's goveming document. Reserves Pollcy Tees Valley YMCA has various funds available to finance its activities. Unrestricted funds ar8 funds that are expendable at the discretion of the Board of Directors in furtherance of the charity's objects. The Board may designate such funds for a particular purpose or project. The general fund is the amount of unr85tricted funds that has not been designated. 'Free reseNes' represents the general fvnd, less the amount utilised to finance fixed assets. The Board recognises the need io establish and m81ntain a level of general reserves that enables financi818tsbility, is adequ8te to meet the requirements of working capital and can act as a cushion against fluctuations in income lev818 and in the financial perfomiance of the YMCA'S activrties. Such reserves are built up from operating surpluses. The trustees believe that the minimum level of free reserves should be the equivalent of six months, operating costs, calculated and reviewed annually, and believe that it should be built up to the desired level in stages consistent with the charity's overall financial position and its need to maint8in and develop its charitable activities. The levels of reserrfes are Glo3ely monltored through the year. Potential risks to impact resepies have been identified, with a focus on the short term potential drawdown of reserves requiring time to undertake additional mltlgation activitie8 and adjust to the changed financial circumstances. The trustees estimate that six month8, operating costs currently equate to £378,000. At 31st March 2024 free reserves totalled £260,911. The Trustee8 intend to increase re8errfes over the next few years by careful budget setting and cost control. Investments Statément The Memorandum of Association states that in furtherance to the objectives, the company Shall have the power'to invest the moneys of the Association not immedialely required for its purpose in or upon such investment, security or property as may be thought fit, subject nevertheless to such condrtions (rf any) and Such consents (if any) as may for the time being be imposed or required by the law and subject also as here in after provided" Surplus funds are currently held in a high interest deposit account. Employment Policles All intemal policies and procedures are tracked and updated when required. Political contributions The charity made no political contributions during the year. Tees Valley Young Men's Christian Associatlon Trusts•s' Annual Report (Incorporatlng the Dlrectors. Report) (contln Year Ended 31 March 2024 Plans f r Futu riods We are planning to move our youth services into a dedic8ted centre of its own to develop an enhanced offer of SUPFQrt to young peopb within Darlington and we are looking to secure further suitable accommodation across Tees Valley to enable us to meet the housing needs of more young people. tu ndm em Governlng Document Tees Valley YMCA is a charitable company limited by guarantee., it was incorporated and registered 88 a charity on 26th February 1993. The company was established under a Memorandum of Association which shows the objects and powers of the charitable company and is governed by the Articles of Association. The name of the organisation was changed on the 21st November 2008 from Darlington Young Men's Christian Association to Tees Valley Young Men's Christian Association. Organl$atlonal Structur• The Association is manag8d by a Board of Directors. The Board has 5 members, drawn from a variety of professional backgrounds relevant to the work of the Association. The Board meet quarterly and are responsible for the strategic direction and policy of the Association and the appointment of the Chief Executive. The CEO and Chair meet bi-monthly. The audit committ88 meets as and when required. The Chief Executive is accountable to the Board of Directors and h86 delegated authority for the operational and financial performance of the Association. Tees Valley Young Men's Chrlstian Association Tru8tees' Annual Report (Incorporatlng the Directors. Report) fcontlnued) Year Endad 31 March 2024 Appointment of Directors The directors of the company are also charity trustees for the purpose of charity law and under th8 Company's Articles are known as members of the Management Committee. The Management Committee seeks to appoint Directors with a diverse range of knowledge and skills that will enhance the work of the Association providing both support and challenge to senior managers in equal measure. The current board comprises of an accomplished range of representatives from all sectors with skills sets including., housing management, privat8 enterpriselbusiness, local govemment, media, the voluntary and community sector and finance. The Committee is particularly interested in appointing members with the following skills: Youth 8nd Communty Work Housing Management Local Govemment NHSIPublic Health Commissioning Media Law Finance Fundraising Community Interest Pastoral Director Inductlon and Tralnlng On election to the board briefings are arranged with the Chair and Chief Executive Officer to: Discuss the obligation5 of the Management Members Examine the main documents which set out the operational framework for the charty including the Memorandum and Articles of Association Gain an understanding of th8 Association's current financial position as set out in the F8t88t published accounts Discuss futur8 plans and objectives of the Association Undertake DBS checkslscreening Equallty and Dlver81ty Monltorlng Tees Valley YMCA operates an equal opportunities employment policy. All staff receive training In Equality. Diversity and Inclusion. Tees Valley YMCA gives full and fair consideration to applications for employment made by disabled persons having regard to their particular aptitudes and abilities. Where possible, T8es Valley YMCA continues the employment of, and arranges appropriate training for employees who have become disabled during the period they were employed. Disabled persons are treated in the same way as other employees when training. career development and promotion are being considered. Management Revlew The organisation undertakes an annual management review across all areas of activity and operation. This links with the organisational strategic objectives and strategic schedute that is in place. The business has a business action plan that 18 tracked and monitored. Tees Valley Young Men's Christian Association Trustees, Annual Report (Incorporatlng the Directors. Réport) (continued) Year Ended 31 March 2024 Rlsk Review The majority of the organisation's funding is secured through contracts and grants usually lasting up to 3 years; some are annual. Continuation funding is not guaranteed. The directors recognise the importance of ongoing fundraising to ensure the sustainability of the organisation. The CEO and Finan￿ Manager provide the board with detailed financial infomiation,. a highly 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 year the directors have monitored the Association snd its trading environm8nt. and have put in place contingency plans to mitigate identifiable risks. Ongoing cost efficiencies are having an impact 8nd improved housekeeping has ensured a leaner organisatv)n working more efficientty and effectively. The organisation has increased regularty of board meetings to support the financial decision making that is required in the coming year. The CEO and the Finance Manager have continued to respond proactively to a changing financial landsc8pe within the sector. The securing of a major commissioned contract from Supporting People and significant grant funding has allowed the organisation to stabilise. The CEO continues to submit several additional applications for grant funding for new services and core costs. Tees Valley YMCA will continue to make changes to 8118re88 of operation in order to cut costs, increase efficiency and reduce overheads. This has worked to stabilise the business and to 0￿rate mor8 effectively within its mean8. We have imposed tighter financial regulations and controls, increased the profile and reputation of the work of the YMCA and Created a more 8UStainable stsffing 8truGture for the organisats-on. The organisation is currently exploring social entrepreneurial activities and social investment. The organisation holds a risk register which is reviewed with the board at each board meeting 88 a standard agenda item. Tees Valley Young Men's Christian Association Trustees. Annual Report (Incorpornting the Dlrectors, Report) (¢ondnued) Yèar Ended 31 March 2024 eference and Admlnlstratlve Details Reglstered charlty name Charlty reglstratlon number Tees Valley Young Men's Christian Association 1020171 Company reglstratlon number 02794134 Prfnclpal offico and regi8tered MKldleton Court office Middleton Street Darlington County Durham DL1 1TU The Tru8tee8 Malcolm V*lright DavKI Beddell (Chair) Katherine Robarts Pamela Plumb Annette Clark Julie Fraterrigo David Kirton Karen Lathan Noel Baker Cllr Michael Nicholson (Retired 31 December 2023> (Appointed 24 October 2023) (Appointed 27 March 2024) (Appointed 6 February 2024) (Retired 19 March 2024} (Retired 4 October 2023) (Appointed 5 October 2022} (Retired 19 March 2024) (Appointed 2 September 2024) (Sits on the Board as a representative of the Local Authority) Prlncipal Staff and Charlty Secrntary Indopondent Examln•r Janin6 Brown CEO Mr John P Yarrow FCA Allen Sykes Limrted 5 Henson Close South Church Enterprise Park Bishop Auckland County Durham DL14 6WA Sollcltors Jackson8 Solicitor8 Innovation House Yarm Road Stockton-On-Tees TS18 3TN Banko Barclays Bank PIC 27-31 High Row Darlington DL3 7QW Tees Valley Young Men's Christian Association Trustees. Annual Report (Incorporatlng the Dlrectors, Report) (contlnued) Year End•d 31 March 2024 Small Company Provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 25th November 2024 and signed on behalf of the board of trustees by.. Janine Browne Charty Secretary Tees Valley Young Men's Chrlstlan Association Independent Examinefs Report to the Tru8tee8 of Teos Valley Young Men's Chrfstlan Association Year Ended 31 March 2024 I report to the trustees on my examination of the financial statements of Tees Valley Young Men's Christian Association ('the charity'> for the year ended 31 March 2024. Responslbllltles and Basls of Report As the trust88s of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial ststements in accordance with the requirements of the Companies Act 20061'the 2006 Act.). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act. Indepondent Examlner's Statgrnent Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I conf5rm that l am qualified to undertake the examination because l am a member of the Institule of Chartered Accountants in England and Wales IICAEW. which is one of the listed bodi88. I have completed ry examination. I confimi that no matters have come to my attention in connection with the examin8tion giving me cause to believe: accounting records were not kept in respect of the charity a8 required by section 386 of the 2006 Act; or the financial 8tatomentg do not 8ccord with those records; or the financial statements do not comply with the accounting requir8m8nts of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Tees Valley Young Men's Christian Association Independent Examiner's Report to the Trustees of Toes Valley Young Men's Christian Association {¢ontlnued) Year Ended 31 March 2024 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. p,a Mr John P Yarrow FCA Independent Examiner Allen Sykes Limited 5 Henson Cbse South Church Enterprise Park Bishop Auckland County Durham DL14 8WA ID L4 D¢S 203£k 10- Tees Valley Young Men's Christian Association Statement of Financlal Activities (Including income and expenditur8 account) Year Ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Income and endowments Donatbjns and legacies Charitable activities Other trading activities Investment income 5,462 671,499 32,781 2.670 5,462 752,154 32,831 2,670 793.117 6,976 675,489 33.911 80,655 50 Total Income 712,412 80,705 716,376 Expendlture Exp8nditure on charitable activities Totsl expendlture 9.10 676,901 82,533 759,434 759,434 687,403 687,403 676,901 82,533 Net Income 35,511 (1,828) 33,683 28,973 Transfers between funds (963> 963 Not movement In fund8 34,548 (865) 33,683 28,973 Reconciliatlon of fund8 Total funds brought forward Total funds carrled fO￿ard 226,383 865 227,228 198,255 260,911 260,911 227,228 Th8 Statement of financial activities includes all gains and losses recognlsed In the year. All income and expenditure derive from continuing activities. The notss on pages 14 to 23 fomi part of these financial statements. 11 Tees Valley Young Men's Christian Association Statement of Financial Posltlon 31 March 2024 2024 2023 Flxad Assets Tangible fixed assets 16 60,130 Current Assets Debtors Cash at bank and in hand 17 36,763 272,029 41,880 176,221 308,792 218,101 Credltors: amount8 falllng dug within one year Not Current Assets 18 47,881 51,003 260,911 260,911 260,911 167,098 Total A8set8 Lass Current Llabllltles 227,228 N•t A888ts 227,228 Funds of tho Charlty Restricted funds Unrestricted fund8 260,911 226,363 227,228 Total charlty funds 20 260,911 For the year ending 31 March 2024 the charity was entitled to exemption from audit und8r section 477 of the Companies Act 2006 relating to sm811 companie8. Directors, responsibilities: The members have not required the company to obtain an audit of it8 financial statements for the year in question in accordance with section 476., The directors acknowledge their r85ponsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authori8ed for i88ue on 25th November 2024, and are signed on behalf of the board by.. David Beddell Trustee The notss on pagas 14 to 23 fomi part of these financial statements. 12- Tees Valley Young Men's Christian Association Ststement of Cash Flows Yaar Ended 31 March 2024 2024 2023 Cash Flows from OperatSng Actlvltle8 Net income 33.683 28.973 Adjustments for Depreciation of tangible r￿ed assets Other interest receivable and similar income Gains on disposal of heritage assets Accrued expenses 1,431 (2,670) (15,557) 2,283 354 Ch8ng8s in.. Trade and other debtors Trade and other creditors Cash generated from operatlons Interest received 5,117 (5,405) 17,938 {9,052) 23,147 44.853 2,670 Net cash from operating activities 20.808 44,853 Cash Flows from Inv8Sting Activlt108 Proceeds from sale of tangible a88ets Net cash from investing activities 75,200 75,200 Net Incroasè In Cash and Cash Equlvalents Cash and Cash Equivalents at Boginnlng of Year Cash and Cash Equlvalents at End of Year 95,808 176,221 44,853 131.368 176,221 272,029 The notes on pages 14 to 23 fomi part of these financlal statements. 13- Tees Valley Young Men's Christian Assoclation Notes to the Financlal Statements Year Ended 31 March 2024 Generdl Information The charity is a public benefit entity and a private company limit8d by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the regist8red office is Middleton Court, Middleton Street, Darfington, County Durham, DL11TU. statement of Compllance These financial statements have been prepared in compliance with FRS 102, The Financi81 Reporting Standard applicable in the UK 8nd the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appI￿able in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 102)) and the Companies Act 2006. Accountlng Pollcle8 8a$ls of Preparatlon The financial ststements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properts'es measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entiiy. The charity 18 a public benefit entty. Golng Concern There are no material uncertainti•s about the charity's ability to Continue. Judgements and Key Sourcas of E8tlmation Unc•rtalnty The proparation of the financial 8tatements requires management to m8ke judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund Accountlng Unr88tricted funds are available for use at the discretion of the twstees to further any of the charity's purFX)ses. DeS￿nated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes: restricted income funds or endowment funds. 14- Tees Valley Young Men's Christian Association Note8 to the Financlal Statéments (contlnuedj Year Endod 31 March 2024 Accounting Policles (contlnuedj Incomo All incoming resources are included in the statem8rrt of finanGial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to Particular categories of income.. income from donations or grants is reccgnised when there is evidence of entitlement to the gift, re￿Ipt is probable and its amount can te measured reliably. legacy income is recognised when receipt is probable and entitlement is established. incorne from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and setvices are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contrlbution of general volunteers. income from contracts for the supply of Services Is recognised with the delivery of the contracted service. This is classrfied as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned rf unspent, In which case it m8y be regarded as restricted. Expendlture Expenditure 18 recogni88d on an accruals basis as a liabilty is incurred. Ex￿ndItUre includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activitles, events, non 97,283 98,314 1,031 Depreciatlon At l April 2023 Charge for the year Disposals At 31 March 2024 11,450 478 (11.928) 1,027 25.932 121.451 159,860 487 (25,934) (24,171) (62,033) 97,283 98,314 1,031 Carylng amount At 31 March 2024 At 31 March 2023 60,121 60,130 -20- Tees Valley Young Men's Christian Association Not8S to the Financlal Statements (contlnued) Year Ended 31 March 2024 17. Debtors 2024 2023 Trade debtors Prepayments and accrued income Accrued income Other debtors 9,533 10,314 16,676 240 4,578 16,395 20,449 458 36.783 41,880 18. Creditors: amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Other creditors 32,155 5,615 7,408 2,703 38,760 3,332 5,680 3,231 51,003 47,881 19. Pen8lons and Other P08t Ratlrement 8oneflt8 Deflned contrlbutlon plan8 The amount recognlsed in income or expenditure as sn expense in relation to defined contribution plans was £5,887 {2023: £4,905). 20. Analys18 of Charftable Fund$ Unrastricted fund8 At 1 April 2023 At 31 March 2024 Income Expenditure Transfers General funds Capital fund 166,233 60,130 226,363 712,412 {676,414) (487) (676,901) 58,680 (59,643) (963) 260,911 712,412 260,911 At 1 April 2022 At 31 March 2023 Income Expenditure Transfers General fund8 Capital fund 129,634 61,561 645,087 (808,488) (1,431) {609,919) 166,233 60,130 191,195 645,087 226,363 21 Tees Valley Young Men's Christian Association Notes to the Financlal Statsments (condnuerfj Year Endad 31 March 2024 20. Analysis of Charhable Funds (wntinimdj Restrfcted funds At 1 April 2023 At 31 March 2024 Income Expenditu Transfers Y Connect 700 Club - Household Support Fund Ballinger Trust 268 66.849 (68,077) 960 597 (600) (13,856) (82,533) 13,856 80,705 963 At 1 April 2022 At 31 March 2023 Income Expenditure Transfers Y Connect DBC Covid Funding 700 Club- Household Support Fund 5.804 1,256 63,789 (69,325) (1,256) 268 7,500 71,289 (6,903) {77,484) 597 7,060 865 The restricted funds are for the following purpo8e8'. Y Connect 4 year funding to deliver youth activiti88 to young people withln the Borough of Darllngton agad 10-19, or up to 25 with SEN. To pay Staff who are isolating in line wtth government guidance their nomial wages while they are doing 80 and to ensure staff in contact with residents do not )4vork in other settings. Discretionary fund to respond to the cost of living crisis. Match funding for the Y Connect project. DBC Covid Funding 700 Club- Household Support Fund Ballinger Trust -22- Tees Valley Young Men's Christian Assoclation Notes to the Financlal Statements (ct>ntsnued) Year Ended 31 March 2024 21. Anatysis of Net Assets Between Funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 308,792 {47.881) 280.911 308,792 {47,881) 260,911 Unrestrict8d Fund$ Restricted Totsl Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 60.130 217,236 (51,003) 226,363 60,130 218,101 <51,003) 227,228 865 22. Anaty818 of Changes In Net Debt At At 1 Apr 2023 Cash flow8 31 Mar 2024 Cash at bank and in hand 176,221 95,808 272,029 23. Oporatlng L•a8e Commitments The total future minimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years 2,850 3,577 5,989 5,332 6,427 11,321 24. Relatsd Partles There were no related party transactions undertaken during the year. -23- Tees Valley Young Men's Christian Association Management Infomiation Year Ended 31 March 2024 Tho Followlng Pag88 Do Not Forni Part of the Flnanclal Ststaments. Tees Valley Young Men's Christian Association Datsiled Statement of Flnancial Actmtles Year Ended 31 March 2024 2024 2023 Income and endowmenls Donations and legacies Donations 5,462 6,976 Charltable activities Social housing income Y Connect Positive Support Pathway 700 Club - Household Support Fund Tees Valley Communty Foundation County Durham Community Foundation Cummins Global Giving Community Foundation - Povety Hurts Durham Police - Back on Track Safer Straet8 Ballinger Trust Power To Change Other smaller grants 315,019 66,799 328,635 268.829 63,742 323,318 7,500 2,500 2.200 9,363 3.972 2,000 2,500 2.500 13,856 8,000 4,010 752,154 2,900 675,489 Other tradlng actfvitlas YMCA Trading income Room hire Other income 20,795 3,600 8,436 32,831 20,630 7,344 5,937 33,911 Investment Income Bank interest receNable 2,670 Total Income 793,117 716,376 Tees Valley Young Men's Christian Assoclation Detslled Statement of Financlal Activilies (Continued) Year Ended 31 March 2024 2024 2023 Expenditure Actlvlties undertaken directy Wages and salaries Employer's NIC Employer's pension costs Other staff costs Light and heat Premises costs Vehicle and travel costs Legal and professional fees Office costs Programme related costs SeNice charge 266,886 25,354 5,887 139,084 18,314 26,356 238,560 23,896 4.905 109,220 18,274 19,470 i). 1.605 1,320 2,439 88,643 72,823 733 2,879 1,267 89,866 67,981 577,051 648,711 Support costs Wages and salaries Other staff costs Premises costs Legal and professional fees Office costs Depreciation Profit on disposal of fixed assets Oiher costs 33,242 2,671 27,710 24,492 24,566 487 (15,557) 11,112 108,723 30,157 616 29,959 13.100 21,170 1,431 12,029 108,462 Governance costs Independent examinerfs fees 2.000 1,890 Total expenditure 759,434 687,403 Net Incom8 33,683 28,973 -26-