Company Registration Number: 02794134 Charity Registration Number: 1020171 Tees Valley Young Men's Chrlstian Assoclation Financial Statements For the Year Ended 31 March 2025 ALLEN SYKES AUDIT LIMITED Chartered Accountants 5 Henson Close South Church Enterprise Park Bishop Auckland County Durham DL14 6WA Tees Valley Young Men's Christian Association Financial Ststements Year Ended 31 March 2025 Page Trustses, Annual Report (Incorp)rating the Directors. ReFort) Independent Examinerfs Report to the Trustees Statement of Financial Activities {Including Income and Expenditure Account) 11 Statement of Financial Position 12 Statement of Cash Flows 13 Notes to the Financial Statements 14 The Followlng Pages Do Not Forni Part of the Flnanclal Stat6ments Detailed Statement of Financial Actwities Tees Valley Young Men's Christian Assoclation Trustees. Annual Report (Incorporatlng the Directors, Report) Year Ended 31 March 2025 The trustees, who are also ttrie directors fo.- the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. ectives 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 distress by reason of their social, physical, emotional, spiritual or oconomic circumstances. 2) To provide or assist in th8 provision in the interests of social welfare of facilities for recreation and other leisure time occupation for men and women with the object of improving their conditions of life. 3) To provide or assist In the provision of education for people of all 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 ages and in particular young peopla, who ar8 in conditions of need, hardship or distress by reason of their social, physical, emotional, spiritU81 or economic circumstances. 5) To advance ihe Christian faith, including by: (a) promoting a Christian environment inspired and motivated by the life, example and teaching of Jesus Christ, where people of faith and people of none can work together for the transformation of communiti88,' 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 lrfe, example and teaching of Jesus Christ. Prln¢lpal actlvltlos Tees Valley YMCA provides seNices within the Tees Valley and Rlchmondshire region. We support young people facing adverse circumstances and we reach disadvantaged 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 services and activities. Tees Valley YMCA'S purpose is to work with the local community and partners, delivering div8rse programme8 that responsively meet the changing needs of young people. This is evident in our grassroots work and the work we contribute too at a strategic, regional and national level. We seek collaboration and aim to impl8m8nt innovative approaches to seNice delivery for young people. Ml88lon Statement Our mission is to deliver provlsion and serrfices that 8UPPOrt the potential for young people and families to achieve Posltive outcomes. Tees Valley Young Men's Christian Association Trusto08' Annual Report (Incorporatlng the Directors, Report) (continued) Y8ar Ended 31 March 2025 Values Our core values are.. An asset based approach in order to support the growth and development of individuals in all their diversity and potential. The provision of equal access and participation for all young people. A commrtment to quality leadership provided by volunteers and staff. An ethical and independent org8nisation that is financially self-sufficient. Core areas of Operation T888 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. Community based services offering 8arly help and preventive work. The creation of opportunities to gain leaming, know18dge and skills for young people, Supporting young people to be part of creating safer and stronger communities. Targeting work to improve the lrfe chance8 of Young People. Tees Valley YMCA Stratoglc ObJectlve8 Tees Valley YMCA will endeavour to contribute to local, regional and national strategies and agendas in order to meet th8 needs identified within our local community. Tees Valley YMCA will improve outcomes for young people by developing and sharing best practice, quality management Systems and forging effective partnership work with external agencies across all sectors. Tees Valley YMCA will through th8 d81ivery of communty service6, encourage and facilitate fair representation of young people, youth led participation and 8n increased platfonn for young people's voices to be heard. Tees Valley YMCA wlll endeavour to work creatlvely to ensura their 8u8tainability and continued presence in Tees Valley. Achl vem nts and Performan We have continued to successfully delrv8r our housing and support services to assist young people who are homeless, we have expanded our youth based services to reach more young people of Darlington. Publlc Benefit Tha charity CArri88 Out a wide range of activities in pursuance of its charitable aims. The Trustees consider that these activities provide benefit both to those who direclly receive servic8s 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 the public benefit guidance published by the Charity Commission. Tees Valley Young Men's Christian Association Trust•e8' Annual R•port (Incorporating the Directors, Report) (continued) Year Ended 31 March 202S Financlal Revlew Income for the financial year was £901,365 (2024 - £793,117) and expenditure was £862,884 (2024 - £759,434). Total funds of £299,392 were held as at 31 st March 2024 (2024 - £260,911) and are made up as follows: 2025 General funds - Rev8nue Restricted funds 231,382 68,010 299,392 TOTAL Accountlng pollclas The accounting policies of the charty hav8 not changed during the year. The directors confim that the accounts comply with the statutory requirement8 of the Charty's goveming document. Resarves Poll¢y Tees Valley YMCA has various fu￿aS avallabla to finance its activities. Unrestricted funds are funds that are expendable at th8 discretion of the Board of Directors in furtherance of the charity's object8. The Board may designate such funds for a particular purpose or project. The general fund is the amount of unrestricled funds that has not been designated. 'Free reserves, represents the general fund, less the amount utilised to finance fixed assets. The Board recognise8 the need to establish and maintain e level of general reseples that enables financial stability, is adequate to meet the requirements of working capital and can act as a cushion against fluctuations in income18vels and in the financial performance of the YMCA'S actrvities. Such reserves are built up from operating surpluses. The trustees balieve that the minimum level of free reserves should be th8 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 p08ition and rts need to maintain and develop its charltable activities. The levels of reseD4es are closely monitored through the year. Potential risks to Impact reserves have been identified, with a focus on the short temi potential drawdown of reserves requiring time to und8rtake additional mitigation activities and adjust to the changed financial circumstances. The trustees estimate that six months, operating costs currently equate to £350,000. At 31 st March 2025 free resep4es totalled £231,382. The Trustees intend to increase reserves over the next few years by careful budget setting and cost control. Investments Statement 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 immediately required for its purpose in or upon such investment, security or property as may be thought fit, subject neverthel8SS to such conditsons (if any) and such consents (if any) as may for the time b8ing be imposed or reqUI￿d by the law and subject also as here in after provided" Surplus funds are currently held in a high interest deposit account. Employment Pollclès All intemal policies and procedures are tracked and updated when required. Tees Valley Young Men's Christian Association Trustee8' Annual Report (Incorporating the Dlrectors, Report) (conllnued) Year Ended 31 March 2025 Political contributions The charity made no political contributiong during the year. Plans for Future Perlods Tees Valley YMCA has secured independent premise8 for the youth project which has freed space to convert a further 4 flats for occupation at the Middleton Court sit8. Once converted Middleton Court will house 30 young people. This should complete in 2025-26. The youth seriice is now based at Aspen House. Darlington, DL1 1QL. Future plans for the youth 8er4ice include open access 7 days per week for the young people of Darlington. Stru d Mana rn em Gov•rnlng Documont Tees Valley YMCA is a charitable company limited by guarantee., it was incorporated and registered as 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 21 st November 2008 from Darlington Young Men's Christian Association to Tees Valley Young Men's Christian Association. Organlsatlonal Structure The Association is managed by a Board of Directors. The Board has 6 members, drawn from a variety of professional backgrounds relevant to the work of the Association. The Board meet monthly and are responsible for the strategic direction and policy of the Association and the appoinlment of the Chief Executive. The CEO and Chair meet monthly. The audit committee meets as and when required. The Chief Executive is accountable to the Board of Directors and has delegated authorrty for th8 operational and financial perfomiance of the Association. Tees Valley Young Men's Christian Association Trustea¥' Annual Report (Incorporatlng the Dlrector8' Report) fcontinued) Year Ended 31 March 2025 Appointment of Directors The directors of the company are also charity trustees for the purpose of charity law and under the 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 and long standing range of representatives from all sectors with skills sets including., housing management, private enterpriselbusiness, local government, media, the voluntary and communty sector and finance. The Committee is particularly interested in appointing members WFth the following skills.. Youth and Community Work Housing Management Local Govemm8nt NHSIPublic Health Commissioning Media Law Finance Fundraising Community Interest Pastoral Dlrector Inductlon and Tralnlng On election to th8 board briefings are arranged with the Chair and Chief Executive Officer to: Discuss the obligations of the Management Members Examine the main documents which s8t out the operational framework for the charity Including the Memorandum and Articles of Association Gain an understanding of the Association's current financial position as set out in the latest publi8h8d accounts Discuss future plans and objective8 of the Association Undertake DBS checkslscreening Equallty and Dlv•rslty Monltorlng Tees Valley YMCA operate8 an equal opportunitres amployment policy, All staff recelve 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, Tees Valley YMCA continues the employment of, and arranges appropriate training for employees who have b8come disabled during the period they were employed. Disabled persons are treated in the same way as other employ88s 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 slrategic objectives and strategic schedule that is in place. The business has a business action plan that is tracked and monitored. Tees Valley Young Men's Christian Association Trustees, Annual Report (Incorporatlng the Directors, Report) (conllnued) Year End•d 31 March 2025 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 Importan￿ of ongoing fundraising to ensure the sustainability of the organisation. The CEO and Treasurer provide the board with detailed financial information., a highly monitored cash fl¢yw update. outline of current funding opportunities, an ongoing analysis of cost efficienci8s and new opportunities for income generation, risk register. work plan and management accounts. During the year the directors have monitored the Association and its trading environment, and have put in place contingency plans to mitigate identffiable risks. Ongoing cost efficiencies are having an impact and improved housekeeping has ensured a lesner organisation working more efficrently and effectively. The organisation has increased regularity of board me8tings to support the financial decision making that is required in the coming year. The CEO and the Tre8sur8r have continued to respond proactively to a changing financial landscape within the sector. The securing of a major commissioned contract from Supporting People and slgnificant grant funding has allowed the organisation to 6tabilise. Th8 CEO continues to submit several additional applications for grant funding for new services and core costs. Tees Valley YMCA will continu8 to make changes to all areas of op8ralion in order to cut costs, increase efficiency and reduce overheads. This has worked to stabilise the business and lo operate more effectively within its means. We have imposed tighter financial regulations and controls, increased the profile and reputation of the work of the YMCA and created 8 more sustainable staffing structure for the organisation. The organisation is currently exploring social entrepreneurial activitie8 and social investment. The organisation holds a risk register which is revlewed with the board at each board meeting as a stendard agenda item. and Admin ratlv Reglstored charlty name Teas Valley Young Men's Christ18n Association Charlty regl8tratlon number 1020171 Company reglstration number 02794134 Prlnclpal office and registered Middleton Court office Middleton Street Darlington County Durham DL11TU Tees Valley Young Men's Christian Association Trustees, Annual Report (Incorporatlng the Dlrectors, Report) (continued) Year Ended 31 March 2025 The Trustees David Beddell (Chair) Katherine Roberts Pamela Plumb David Kirton Noel Baker Carolyn Hobdgy (Retl￿d 19 May 2025) (Appointed 2 September 2024) (Appointed 10 March 2025) Prlnclpal Staff Janine Browne CEO Independent Examlnar Mr John P Yarrow FCA Allen Sykes Audit Limited 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 Banker8 Barclays Bank PIC 27-31 High Row Darlinglon DL3 7QW Small Company Provl8ion8 This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. Tees Valley Young Men's Chrlstlan Association Trustees. Annual Report (Incorporatlng the Dlrectors, Report) (cwtinuwfj Year Ended 31 March 2025 The trustees, annual report was approved on . trustees by: and signed on behalf of the board of Janine rowne Charity Secretary Tees Valley Young Men's Christian Association Independont Examinerfs Report to the Trustees of Tees Valley Young Men'8 Christian Association Year Ended 31 March 2025 I report to the trustees on my examination of the financial statements of Tees Valley Young Men's Christian Association {'the charty,) for the year ended 31 March 2025. Responslbllltles and Basls of Roport As the tru8t88s of the company (and al80 its directors for th8 purposes of company law) you a responsible for the preparalion of the financial statements in accordance with the requirements of the Companies Act 2006 ('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 indep8ndent 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. Independent Examlner's Statement Since the charity's gross income exceeded £250,CQO your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountsnts in England and Wales (ICAEW, which is one of the listed bodies. I h8ve completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statement8 do not accord with those records; or the financlal Statements do not comply with the 8ccounting requirements 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 con8ider8d 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 Examinerfs Report to the Trustees of Toes Valley Young Men's Christian Association (conllnu•dJ Year Ended 31 March 2025 I have no concems and have corne 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. Mr John P Yarrow FCA Independent Examiner Allen Sykes Audit Limited 5 Henson Close South Church Enterprise Park Bishop Auckland County Durharn DL14 6WA 2FL4 OGk.b4/ -10- Tees Valley Young Men's Chrlstian Association Statement of Flnancial Activities (includlng income and expenditure account) Year Ended 31 March 2025 2025 Re5triGted funds Total funds Total funds 2024 Unrestricted funds Income and endowmants Donations and legaci88 Charitable activities Other trading activities Investment income 8,255 671,308 21,885 4,695 80,000 117,222 86,255 788,530 21,885 4,695 752,154 32,831 2,670 793,117 Totsi Income 704.143 197,222 901,365 Expendlture Expenditure on cheritable activities Totsl expenditure 9.10 733,672 129,212 129,212 862,884 759,434 759,434 733.672 862,884 Net Income and not movemont In funds {29,529) 68,010 38,481 33,683 Recortclllatlon of funds Total funds brought folward Totsl funds carrled forward 260,911 231,382 260,911 299,392 227,228 260,911 68.010 The statement of financial activities includes all gains and1088es recognised in the ye8r. All income and expenditure d8rive from continuing activities. The notes on pages 14 to 24 form part of the80 flnanclal statements. 11 Tees Valley Young Men's Christian Assoclation Statsmont of Flnancial Position 31 March 2025 2025 2024 Note Current Assots Debtors Cash at bank and in hand 17 43,909 421,570 36,763 272,029 308,792 465,479 Credltors: amounts falllng due wlthln one yoar Net Current Assets 18 76,180 47,881 389,299 389,299 280,911 260,911 Total Assets Loss Current Llablllt5es Cr•ditor8: amounts falllng due aft•r mor• than on• y8ar Not A88et8 19 89,907 299,392 260,911 Funds of the Charlty Restricted funds Unrestricted fund8 68,010 231,382 299.392 260,911 Total charlty funds 21 260,911 For the year ending 31 March 2025 the charty was entitled to exemption from 8udit under section 4T1 of the Companies Act 2006 relating to small companies. Directors, responsibilitle8.' The mambers have not required the company to obtain an audit of its financlal statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirement8 of the Act with respect to accounting records and the preparation of financial statement8. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. ese financial st8tements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by". David Beddell (Chair) Trustee The notes on pages 14 to 24 forni part of these financial statements. 12- Tees Valley Young Men's Christian Associatlon Statement of Cash Flows Year Ended 31 March 2025 2025 2024 Cash Flow8 from Operatlng Actlvltles Net income 38,481 33,683 Adjustments for.. Depreciation of tangible fixed assets Other interest receivable and similar income Interest payable and similar charges Gains on disposal of tangible asset8 Accrued (income)lexpenses Changes in.. Trade and other debtors Trade and other creditors Cash generated from operatlons Interest pald Interest ￿ceiVed 487 (2,670) (4,695) 7,739 (15,557) 2,283 (81) (7,146) 15,287 5,117 (5,405) 17,938 49,585 17,739) 4,695 2,670 Net cash from operating activities 46,541 20,608 Cash Flows from Invostlng Actlvltles Proceeds from sale of tangible assets Net cash from inv88ting acllvities 75,200 75,200 Cash Flows frorn Flnanclng Actlvltle• Pr¢xeeds from borrowing6 Net cash from financing activities 103,000 103,000 Net Incroase In Cash and Cash Equlvalonts Cash and Cash Equlvalents at Beglnnlng of Year Cash and Cash Equlvalents at End of Yoar 149,541 272,029 421,570 95.808 176,221 272,029 The notss on pages 14 to 24 forni part of these financial statements. 13- Tees Valley Young Men's Christian Association Notes to the Financial Statements Year Ended 31 March 2025 General Infomiatlon The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Middleton Court, Middleton Street, Darlington, County Durham, DL1 1 TU. Statement of Compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK 8fKI the Republic of Ireland., the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and th8 Companies Act 2006. Accountlng Pollcles Ba818 of Proparatlon The financial Statements have been prepared on the historic81 cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared In sterling, which is the functional currency of the entity, The charity is a public benefrt entity. Golng Concern There are no material un￿rtainti88 about the charty's ability to continue. Judgemonts and Key Sourc08 of E8tlmatlon Uncertalnty The preparation of the financial statem8nt8 requires management to make JudgeM￿t$, ests'mates 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 circum8tsnces. Fund Accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purpo88s. Designated funds are unrestricted funds earmarked by the trustees for particular futur6 project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. 14- Tees Valley Young Men's Christian Association Notes to the Flnancial Statements (contlniiedj Year Ended 31 March 2025 Accounting Policies (tothued) Income All incoming resources are included in the statern8nt of financial activities wh8n 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 donation8 or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measur8d reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the g¢)xls unless this is impractical to measure reliably, in which case the value is dertved from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunt88rs. income from contracts for the suppty of services is recognised with the delivery of the contracted service. This is classifEd as unrestricted funds unless there is a contractual requirement ft)r it to be 8pent on a particular purpose and returned if unspent, in which case it may be regarded 88 restricted. Expendlture Expenditure 18 recogni88d on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classrfi8d under headings of the statement of fin8ncial activities to which it relates.. axpenditure on raising funds include8 the costs of all fundraising activities, event8. nononation8 Donations 1,255 1,255 Grants Social Investment Busin8ss Cost of Living grant The Penchant Foundation Blackbum YMCA 50,000 50,000 5.000 30.000 5,000 30,000 6,255 80,000 86,255 Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons Donations 5,462 5.462 5,462 5,462 Charlt•ble A￿1vItIeS Unrestricted Funds Restrlcted Total Funds Funds 2025 Social housing income Darlington Borough Council Y Connect Positive Support Pathway Community Foundalion - Northumbrian Village Trust The Morrisons Foundation Willan Trust Durham Constabulary Ballinger Trust Other smaller grants 333,506 333,506 5,500 65,230 334,802 5,000 7,500 10,000 5,910 13,856 7.226 5,500 85,230 334,802 5,000 7.500 10,000 5,910 13,856 4,226 117,222 3,000 671,308 788,530 17- Tees Valley Young Men's Christian Association Notes to the Financlal Statements (conllnued) Year Ended 31 March 2025 Charitable Activitie8 (ContIn￿d) Unrestricted Funds Restricted Total Funds Funds 2024 Social housing income Y Connect Positive Support Pathway Tees Valley Community Foundation Cummins Global Giving Durham Constsbulary Ballinger Trust Power To Change other smaller grants 315,019 315,019 66.799 328.635 9,363 3,972 2,500 13,856 8,000 4,010 752,154 66,799 328,635 9.363 3,972 2,500 13,856 8,000 4,010 671,499 80,655 Othor Tradlng Actlvltl88 Unrestricted Funds Re8trl¢ted Total Funds Funds 2026 YMCA Trading income Room sponsor Room hire Employment Allowance Other income 13,685 748 2,000 5,000 452 13,685 748 2,000 5,000 452 21,885 21,885 Unrestricted Funds Restrlcted Total Funds Funds 2024 YMCA Trading income Room sponsor Room hire Employment Allowance Other income 20,795 1,750 3,600 5,000 1,636 20,795 1,750 3,600 5,000 1.686 50 32,781 50 32,831 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 4,695 4,695 2,670 2,670 -18- Tees Valley Young Men's Christian Association Notes to the Financlal Statements (condnued) Year Ended 31 March 2025 Expendlture on Charitable Activitles by Fund Type un￿strICted Funds Restricted Total Funds Funds 2025 Charitable activities Support costs 552,817 180,855 733,672 129,212 682,029 180,855 862,884 129,212 UnrestriGted Funds Restricted Total Funds Funds 2024 Charitable activities Support costs 580,034 96,867 676,901 68,677 13,856 82,533 648,711 110,723 759,434 10. Exp8ndlture on Charltabl¢ Actlvltles by Actlvity Typo Activities undertaken directly Support costs Total funds Total funds 2025 2024 Charitable activlties Governance costs 682,029 178,655 2,200 180,855 860,684 2,200 862,884 757,434 2,000 682,029 759,434 11. Analys18 of Support Costs Charitable activities Total 2026 Total 2024 Staff costs Premises General offic8 Governance costs Legal & professional fees Depreciation Other costs Profit on disposal of fixed asset8 49,426 31,961 28,677 2,200 45,235 49,426 31,981 28,677 2,200 45,235 35,913 27,710 24,566 2,000 24,492 487 11,112 (15,557) 110,723 23,356 23,356 180,855 180,856 12. Net Income Net income is stated after chargingl(crediting)'. 2026 2024 Depreciation of tangible fixed assets Gains on disposal of tangible assets 487 (15.557) -19- Tees Valley Young Men's Christian Association Notes to th• Flnanclal Statements (conthued) Year Ended 31 March 2025 13. Independent Examlnation Fees 2025 2024 Fees payable to the independent examiner for: Independent examination of th8 financial statements 2,200 2,000 14. Staff Costs The total staff costs and employee benefits for the reportlng period are analysed as follows.. 2026 2024 Wages and salaries Social security costs Employer contributions to pension plans Other staff costs 329,776 29.111 6,634 135,781 501,302 300,128 25,354 5,887 141,755 473,124 The average head count of employees durlng the year wa8 13 (2024.. 13). The average number of full-time equivalent employees during the year is analysed a6 foll¢)ws'. 2025 2024 No. Number of management staff Number of other staff 12 12 13 13 No employee received employee beneffts of more than £60,000 durlng the year (2024: Nil). Key Management Par8onnel Key management personnel include all persons that have auihority and r&sponsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £57,841 {2024:£56,248). 15. Tru8teo Romuneratlon and Expènses No remuneration or other benefits from employment with the charity or a related entity were receiv8d by the trustees. During the year the charity reimbursed travel expense5 totslling £Nil (2024 - £nil). -20- Tees Valley Young Men's Christian Association Notes to the Financial Statements {conthu•d) Yoar Ended 31 March 2026 16. Tangible Flxed Assats Fixtures. fittings and equipment Tools Total Cost At 1 Aprll 2024 and 31 March 2026 Deprèciatlon At 1 April 2024 and 31 March 2025 Carrylng amount At 31 March 2025 1.031 97,283 98,314 1,031 97,283 98,314 At 31 March 2024 17. Debtors 2025 2024 Trade debtors Prepayments Accrued income Other debtors 10,888 7,249 21,925 3,847 43,909 9,533 10,314 16,676 240 36,783 18. Credltor8: amounts falllng due YAthln one year 2026 2024 Bank loans and ovordrafts Trade creditors Accruals and deferred income Social securlty and other taxa8 Other creditors 13,093 49,201 5,534 6,312 2,040 78.180 32,155 5,61 S 7,408 2,703 47.881 The loan is a S year unsecured Recovery Fund loan from Social Investment Business. 19. Credttors: amounts falllng due after more than one year 2025 2024 Bank loans and overdrafts 89.907 The loan is a 5 year unsecured Recovery Fund loan from Social Investment Business. 21 Tees Valley Young Men's Christian Association Notss to the Financial Statements (contlnued) Year Ended 31 March 2025 20. Pensions and Other Post Retlrement Benefrts Deflned contributlon plans The amount recogni88d in income or expenditure as an expens8 in relation to defined contribution plans was £6,634 (2024.. £5,887). 21. Analysls of Charltable Funds Unrestrlcted funds At 1 April 2024 At 31 March 2025 Income Expenditure Transfers General funds 260,911 260,911 704,143 704,143 (733,672} (733,672) 231,382 231.382 At 1 April 2023 At 31 March 2024 Incorne 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 Restrlcted funds At 1 April 2024 At 31 March 2025 Income Expenditure Transfers Y Connect Ballinger Tru8t Social Investment Buslness Cost of Living grant Willan Charitable Trust The Morrisons Foundation Blackburn YMCA Durham Constsbulary Communty Foundation - Northumbrian Village Trust D8rlington Borough Council - Finds from NNCCP Darlington Association on Disabilty Rothley Trust YMCA England - Emergency Appeal Thrive Programme Grant 65,230 13.856 (59,794) (13,856) 5,436 50,000 10,OCQ (17,426) {10,000) 32,574 7,500 30.000 5.910 (7,500) 30,000 {5,910) 5,000 (5,000) 5,500 (5,500) 1,400 900 (1,400) (900) 726 (726) 1,200 (1,200) (129,212) 197,222 68,010 -22- Tees Valley Young Men's Christian Association Notes to tha Financial Statomonts (eontlnued) Year Ended 31 March 2025 21. Analysis of Charitable Funds (cortinuedj At 1 April 2023 At 31 March 2024 Income Expenditure Transfers Y Connect 700 Club - Household Support Fund Ballinger Trust 268 66,849 (68,077) 597 (600) (13,856) (82,533) 13,856 865 80,705 963 The restricted funds ar8 for the following purposes: Y Connect 4 year funding to deliver youth activits'es to young people within the Borough of Darlington aged 10-19, or up to 25 with SEN. Discretionary fund to respond to the cost of living crisis. Refurbishment and working capital Major repairs for 4 flat8 700 Club - Household Support Fund SIB Cost of Living grant 81ackburn YMCA All other restricted funds are match funding for the Y Connect project. 22. Analysls of Net Assets Between Funds Unrestricted Funds Restricted Total Funds Funds 2025 Current assets Creditors less than 1 year Creditors greater than 1 year Not ass•ts 397,469 (76,180) (89,907) 231,382 68.010 465,479 {76,180) (89,907) 299,392 88,010 Unrestricted Funds Restricted Total Fund8 Fund8 2024 Current assets Creditors less than 1 year Not assets 308,792 {47,881} 260,911 308.792 (47,881) 260,911 23. Analys18 of Changes In Net Debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and In hand Debt due within one year Debt due after one year 272,029 149,541 (13,093) {89,907) 46.541 421,570 (13,093) (89,907) 318,570 272,029 -23- Tees Valley Young Men's Christian Association Notes to the Financlal Statements (conbnu Year Ended 31 MarGh 2025 24. Operating Lease Commltments The total futu￿ minimum lease payments under nonacancallable operating leases are as follows: 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years 2,850 727 2,850 3,577 6,427 3,577 26. Ralatad Partle8 There were no related p8ty transactions undertaken duriro the year. Tees Valley Young Men's Christian Association Managemont Inforniation Yoar Endod 31 March 2025 Thè Followlng Paga8 Do Not Fomi Part of the Flnancial Statements. -25- Tees Valley Young Men's Christian Association Detalled Statement of Flnancial Activities Year Ended 31 March 2025 2025 2024 Income and endowments Donatlons and legacles Donations Social Investment Business C08t of Living grant The Penchant Foundation Blackburn YMCA 1,255 50,000 5,000 30,000 5.462 86,255 5,462 Charltablo actlvlt188 Social housing income Darlington Borough Council Y Connect Positive Support Pathway Community Foundation - Northumbrian Village Trust Tees Valley Community Foundation The Morrisons Foundation Cummins Global Giving Willan Trust Durham Constabulary Ballinger Trust Power To Change Other smaller grants 333,506 5,500 65,230 334,802 5,000 315,019 66,799 328,635 9,363 7,500 3,972 10,000 5,910 13,856 2,500 13,856 8,000 4,010 752,154 7,226 788,530 Other tradlng actlvltl88 YMCA Trading income Room sponsor Room hire Employment Allowance Other income 13,685 748 2,000 5,000 452 20,795 1,750 3,600 5,000 1,686 32,831 21,885 Inv08tmont Income Bank interest receivable 4,695 2,670 Total Income 901,365 793,117 -26- Tees Valley Young Men's Christian Association Detalled Statement of Financial Activities (￿ntInued) Year Ended 31 March 2025 2025 2024 Expenditure Charllable activitle8 Acuvltles undertaken dlrectly Wages and salarles Employerfs NIC Employerfs pension costs Other staff costs Light and he* Premises costs Housing refurbishment costs Vehicle and travel costs Legal and professional fe8S Office cost8 Programme r81ated costs Seprfice charga 280,350 29.111 6,634 133,595 21,742 14,125 17,426 266,886 25,354 5,887 139,084 18.314 26,356 1,605 1.320 2,439 88,643 72,823 648,711 7.515 1,187 93,196 76,782 682,029 Support costs Wages and salari88 Other stsff costs Premises costs Legal and professional fee$ Office costs D8preciation Loan interest and charges Profit on disposal of fixed assets Irrecoverable VAT Other costs 49.426 2,186 31,961 45,235 28,677 33,242 2,671 27,710 24,492 24,566 487 7,739 (15,557) 4,898 6,214 108,723 10,6S1 2,780 178,655 Governance costs Independent examine¢s fees 2,200 2,000 Total expendlture 862,884 759.434 Net Income 38,481 33,683 -27-