Company registration number.. 02978406 Charity re8lStration nu mber.. 1044624 YMCA George Williams Company IA com pany limited by guarantee) Annual Report and Financial Statements for the Year Endcd 31 March 2025 TC Group 10 Brid8e Street Ch ristchurch Dorset BH23 IEF
YMCA George Williams Company Contents (continued) Tru5tees' Report Itolo Independent Auditors, Report Ilto 13 Statement of Financial Activitie5 14 Balance Sheet 15 Statement of Cash Flows 16 Notes to the Financial Statements 171035
YMCA George Williams Company Trustees, Report The Board of Trustees, who are also Directors of the charity for the purposes ol the Companies Act 2006, present the Ann ual Report and audited Financial Statemonts for the year Ènded 31 March 2025. The Annual Report and Financial Statements are also prepared lo meet the requirements for a Directors, Report and Accounts for Companies Act purposes. YMCA George Williams College is an independent registered charity within the YMCA Federation of England & Wales. The cu rrent organisation was formed following the merger in April 2022 which brought together the Centre for Youth Impact with YMCA George Williams ColleEe, combining expertise in understanding and improving quality and impact with the training and development of practitioners in youth and community provision. Page I
YMCA George Williams Company Trustees, Report (continued) Chair's Introductlon YMCA George Williams ColleEe ends the 2024-25 fin3nciBI yeo r with trustees having made the difficu It decision to close the charity, with operation5 predorninantly ceasing from 31 March 2Q25 This decision has not been made li6htly and follows an extended period of careful consideration and evaluation. Since the merger of the Centre for Youth Impact into YMCA George Williams College in April 2022, we have worked diligently to define our role within both the youth sector and the wider YMCA movement. Our 3im wa5 to build on the rich legacies of both institutions whi le identifyinE new opportunities to support and empower our partners across the youth sector. Despite these efforts, we have faced persistent challenges in transitioning to a new environment. Over the past few years, the College has implemented a range of measures Sntended to create a stable and sustainable future. Desplte the support of our partners, the measures undertaken, and the Bood work completed, we have reoched the conclusion that we do not face a Sustainable future. The external environment remains challenging, and we are very conscious that we are not the only infrastructure organisation in our sector to formally c105e our operation5. This context has contributed lo our current position. We are deeply than kful to our dedicated ènd ha rdworkin8 Staff and recognise the profound i mpact this will have on them. We are committed to supporting them through this difficult transition, We are also so very grateful for the dedlcatlon, hard work, friendship and commitment shown by our partner5, and stakeholders over the years both for the Centre for Youth Impact and the College. We are pleased lo have been able lo work alongside so many over the years, to help shape the basis ol youth work Ira ining, evJlualion aiid impact measurement in our sector. We pay tribute to the work of our peer orBa nisation5 in the sector, sorne of whom have significantly invested in taking on moro of the impact and evaluation work In rccent years and we hope that thc Iniollectual le8acy we leave behind will help to shape Ihat space, While this marks the end of YMCA Geor8e WlllSams College, the impact of our collective work will continue to re50nate in the lives of the young people and communities we have served, and we will work closely with our funders and colleague5 at YMCA England & Wale5 to explore opporlunllies for some areas of ou r work to live on. Ma rtln Houghton-Brown, Chair Page 2
YMCA George Williams Company Trustees. Report (continuedl Objectives and actlvltle5 Objectives, strotegles and activities On 11 February 2025, the Board of Trustees of YMCA George Williams College met and resolved to formally lose the operations of the cha rity. Staff were informed the following day. Following a redundancy process, the majority of staff left the charity on 31 March 2025, with three remaining to complete outstanding project delivery and lin the case of the Executive Director) oversoe the closure of the organisation, In April 2025, the charity Secured a small grant from the Department lor Culture. Media and Sport IDCMSI to draw tOBether the most significant outputs of the charity to form a logacy a rchivo. Upon closuro, all assets of the charity will fall to YMCA En8land & Wales as per the charity's goveining documents. The majority of the cha rity's day to day delivery ceased on 31 March, either due to project work reaching its natural conclusion or through the charity's role being transferred formally lo a partner organisalion. One contract Is being transferred f orma Ily to YMCA England & Wales to enable ongoing delivery, and one project was transferred to a new delivery organisation followlnE a competitive process, at the request of the funder (The National Lottery Community Fund). Publlc benellt The Trustees have had d Lje re8ord to the Charity Commission guidance on p ublic bo nefit. U nlil the point our operations ceased, we continued to deliver 3 publlc benefit in linc with our charitable objects through.. the provision of traininE for adults and young people; the advancement of research in respect of children or young people and the publication of useful results,. and promotion of the efficiency, effectiveness and I mpact of charities working to support younE people and the promotion of the voluntarv vovth sector through.. collaboration on ielevant issue5,' providing training, conforonccs and seminars,. identifying noeds in the voluntary youth sector and establ ishi ng projects or policies lo address them,. and raising awareness and advocating for the sector. Details of the type of activities delivered in the public benefit can be found in the 'Achievement and performance section of this report, Grant moklng policies Grants are given to orEanisatlons where thoy contribute towards tho successful completion of project5, Page 3
YMCA George Williams Company Trustees, Report Icontinuedl Achlevements and performance Updating our Impact and Improvement Standards to creato a sell.assessmeni option, which offers organisations a comprehensive framework throuEh which to vndersland and improve the impact of their provision, and creatin8 a new micro-site to hold the Standa rds and all associated resources. Facilitatln8 work with the Back Youth Alliance to support progress in shared measurement Working with our Youth Voice Ambassadors to develop a new reflection Iramework for effective youth voice practice and creating the framework for tlie next round of data gatherin8 through the youth voice observatory Publishing in.depth research with young people and practitioners focused on eihical data gatherin8 Achieving re-certification as an NCFE Approved Centre with CPD accreditation for our training Continulng to support the implementation of Vislon 2Q30 across the global movement and championing a n innovation and lea rni ng culture acr05S the YMCA movement Maintaining the Regional and National Impact Networks, i ncluding running a Series of local consultations on shared mLasurement with network members Working with the Youth Work Evidence Alliance to u ndertake 8 focused project on shared measurement, and publishing a range of connected report5 Underla king resea rch Snto the drlvers of quality In new youth facilities Financlal revlew The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparlng their accounts In accordance with the Financial Reporting standards applicable in the UK and Republic of Ireland IFRS 1021 issued in lanuary2022. Income for the year reduced to £l.OOm12024.. £ 1,46ml, of whlch £0.51m12024,, £1.03ml related lo restricted funds. Expenditure for the year including both d irect project costs and ovefheads was £1.36m12024,. £1.92ml resulting in a net expenditure of £0.36m of which a deficit of £0.15m ar05e on restricted funds giving a deficit of £0.2 Im on general funds beforo the additional pension provision12024'. resiflcted fund Surplus £0.08m and general fund deflclt £0,54m giving a net deficit of £0.46m before actuarial 8ain51. The College participated in a mu Iii-employer defined benefit pension plan for em ployees of YMCAS in England, Scotland and Wales, which was closed to new members and accruals on 30April 2007. The College is required to pay def i¢it contributions arising from service of past employees. Following the decision to close operations The College was obliged to buy out of the YMCA Pension Plan al a total cost of EO.23m which 15 fully provided in these accounts. Pa8e 4
YMCA George Williams Company Trustees. Report (continued) Investment policy ond objectives The charity holds its funds in a current account. The Boa rd of Tru51ees take the view that the charity's funds need to be readily available and that cash balances are insufficiently high on an ongoing ba51S to warrant additional investment measures. Going concern In February 2025 the Trustees decided to close the charity and transfer the remaining funds lafter payment of all Ilabilitiesl to YMCA En8land and Wales. These accounts have therefore been prepa red on a closure bas1S, Reference and Admlnistratlve Detalls Charlty RegistratSon Numbei,. 1044624 Scottish charity num ber.. SC042186 Company Registration Number.. 02978406 The charity is incorporated in Engla nd & Wales. Re8lStered Office.. 10.1 I Cha rterhouse Square London ECIM 6EH Auditor.. TC Group 10 Bridge Street Christch urch Dorset BH23 IEF Solicitors., Veale Wasbrough Vizards LLP 24 King William Street London EC4R 9AT Bankers.. Natwest 11 The Parade Canterbury Kont CTI 2SQ Nationwide Nationwide House Pipers Way Swindon SN38 INW Page 5
YMCA George Williams Company Trustees, Report (continued) Trustees and officers The trustees and officers serving during the yeor and since the year end were as follow5.. Trustees: M Houghton-Brown D M Hatton N A SherrinEham K Franks Y Ogundele D M Paul Iresi8ned 30 April 20241 Chlef Executlve Officer Bethia McNeil lon secondment from January to December 20241 Interlm Executive Officer Geethika Jayatilaka ljanuary to December 20241 structure, governance and management Nt7ture of governlnq document The charity is controlled by its governin8 document, a deed of trust, a nd constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Charlty constltutlon The YMCA George Willia ms Collese is a charltJble company lim ited by euarantee which obta Ined ils charita ble status in March 1995. The company was establSshed under a mernorandum of association which established the objects and powers of the charitable company and is governed under its Article5 01 Association. In the ovent of the company being wound up each member of the Board Is required to contribute an amount not exceeding £1. The Charitable Company's (College's) Governing 8ody was established under the Further and Hlgher Education Act 1992 for the purpose of leading YMCA George Williams College, Following the development of the Col lege's work i n Scotland, registration was secured in 2011 with the Ollice of the S¢olt15h Charity Re8ulator IOSCRI registration nu mber SC042186. Page 6
YMCA George Willlams Company Trustees, Report (continued) The Board of Governors The governa nce of the Charity is underlaken by its Board of Trustees, which meets quarterly and is responsible for overseei ng the strategic direction and policy of the cha rity, The Trustees, as set out in Section 5, are also the Directors of the com pany for the purposes of cha rity law, and, under the company's Articles, a re known collectively as the Board of Trustee5. Prospective Trustees are recruited and interviewed, and under the requirements of the Memorandum and Articles of Association, elected by a simple majority of the Board of Trustees. Trustee5 serve for a period of three years, after which they may be elected for two further three-year terms. At this point Trusiees must stand down from the 8oard for at least one year, after which they may be re-elected. The Trustees are greatly val ued for the experience and expertise they bring lo the orga nisalion, and for the time they voluntarily dedicate to supporting its success. The Boa rd ol Trustee5 underta ke regular reviews of their 8overnance, composition and skllls in fulfillin8 their duties. They recognise the importance ol this in ensurlng quality governance of the College's operatlons and kcy risks. In addition to a full induction, training is also provided in response to these reviews, The aoard of Trustees had five members and met five time5 to support the dovelopment of the College's strategy, monitor the delivery of busine55 plans, oversee financial a nd risk ma nagement, and measure progres5 in staff recruitment and developmenf. At each meetin8 they received update5 from the CEO and other relevant Staff on pro6re55 of the work, The Board of Trustees has two subcommittees for Finance, Audit and Risk a nd for Nomi nation5. The Finance, Audit and Risk sub-committee met quarterly to review management accounts and audit preparations, and the Nominations committee meet when necessary to review trustee a ppointments. The Trustees are responslble for developlnE and overseeing the strategic direction of the charity and ensuri ng that be518overnance pratlice is in place. The Trustees dele8ate the charity's operational management 10 tho Chief Executive and Senior leadership team. Staffing Ouring the year the staff team reduced from 18 full-time equivalent POS15 in March 2024 to 11 in March 2025. At the point of closure of operations, there were six redundancles, and one staff member left at the end of a fixed term contract, One staff member remains on secondment with their employment hosted at YMCA En8land & Wales until the end of the secondment period, Three Staff rnernbers, ernploymenl was tra nsferred to YMCA England & Wales under Transfer of Undertaking (Protection of Employmenil legislation in July 2025, The CEO went on secondment as from May 2024 and a n i nlerim Executive Director (Geelhika Jayatila kal wos appointed from January 2024, departing Docember 2024, at which point the former CEO returned Irom secondment. Page 7
YMCA George Williams Company Trustee5' Report (continued) Key management remuneration Decisions relating to pay were made in accordance with the organisalions, pay policy which is designed to attract, retain, reward and motivate all employees. It provided a competitive compensation package that reflects market value, sustained individual performance, job responsibilities a nd the Charity's performance against service delivery target5 as well as financial objectives. The rationale for pay decisions was guided by the following principles.. To allow the charity to recruit the best people,. To allow the charity to reta in high.performing staff members,. To not cause increases to the Charity's expenditu re that could threaten its SU51ainabilily,' Fairness; a nd Transparency. Salaries are regularly benchmarked with the mDSt recent benchmarking exercise un dertaken December 2022 by an HR consultant. Thls established a number of pay bands and a competency and responsibilitie5 matrix which sets out clear criteria with in which posts are expected to operate. The 8oard will serve as remuneration committee for SLT and the Chief Executlve. Employee5 must be In post at least three months and have completed their probationary period to be eligible for an increase in line with increased scope and/or responslbllity. and em ployees who a re already at the top ol their salary band wou Id not be ell8ible. SLT serve as remuneration commlttee for the remainder of the staff team. The remuneration committee will have discretion as to the size of the increase within the $21ary bands, Page 8
YMCA George Williams Company Trustees, Report (continued) Rlsk management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appiopriate controls are in place to provide reasonable assurance against fraud and error. The Trustee5 believe that the system of internal controls has been adequate to provide assura nce agai nst material m isgtalement or loss. Policies and procedures are in place to manage the charity's risks. Risks are reEularly reviewed by the CEO, Senior Leadership Team, the Finance and Risk Committee, and are reported bi-monthly to the Board of Trustees. The key risks and mitigating actions were., Depletion of reserves ari5in8 from continuing operational deficits - miligalin8 actions include restructurlng of the staff team, Improved f inancial reporting, identification of new funding opportu nitie5 and closure of the charity. This has led to the Trustees decid ing to close the ch3 rity. Capacity to deliver com plex strategic projects - mitigating actions included recruiting a new Head of Research and Evaluation and training of stspport team to develop their skills, Staff wellbeing arSslng from workloads organisation mitigating actions included addressing supporl capacity wilhln the Statement of trustees, responsibilitles The trustees (who are also the directors of YMCA George Williams Company for the purposes of company lawl are responsible for preparing the tru51ees' report and the financial statements in accordance with applicable law and United Kin8dom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), Includi ng FRS 102 'The Fina ncial Reporting Standard a pplicable in the UK and Republic of I reland" Company law require5 the truslees to prepare financial statements for each financial year, Under company law the trustees must not approve the financial statements unless they are satisf led that they give a true and fair view of the state of affairs of the charitable company and of the incoming resource5 and application of resources, including its income and expenditure, of the cha ritable company for that period. In preparing these financial statements, the trustees are required to; select su itable accou nting policies and apply them consi5tentlv,' observe the methods and prlnclples In the Cha ritie5 SORP., ma ke judBement5 and e51imate5 that are reasonable and prudenl,. state whether applicable accountin8 Standards, comprisinE FRS 102 have been followed, subject to anv material depa rtu res disclosed and explained in the financial 5tatements,' and prepare the financial stJtements on the goin8 concern ba515 unless it Is inappropriate lo presume that the charitable company will conti nue in business. The Irugtees are responsible for keepine proper accountin8 records that can disclose with reasDnable accuracy at any lime the financial position of the charitable company and enable them to ensuro that the financial statements comply with the Companies Act 2006. They are also responsible for safegua rding the 3sse15 01 the charita ble compa ny and hence for taki ng reasonable steps for the prevention and detection of fraud and other irregvlaritie5. PEge 9
YM C.A GL'¢)I"IYL' Willi4iliiS Conii)¢Trri y Triistcc.s' Iloi)OTI Icoi)tiiiiJodl isc1osiifQ ol iiiforniiilior) lu auditor F/)/? i,,, :,,;,,.
YMCA George Williams Company Independent Auditor's Report to the Members of YMCA George Williams Company Opinion We have audited the f inancial statemenl5 of YMCA George Williams Company Iihe 'charity'l for the year ended 31 Ma rch 2025, wh ich comprise the Statement of Financia l Activities, Balance Sheet, 51atemenl of Cash Flows, and Notes to the Fina ncial Statements, including a Summa ry of significa ni accounting policie5. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applica ble law Iunited Kingdom Generally Accepted Accountin8 Practice). In our opinion the fi nancial statements,. give a true and fair view of the State of the charity's affairs as at 31 March 2025 ar)d ol its incoming resources and application of resources, includ ing its income and expen ditu re, for the year then ended, have been properly prepared In accordance with United Kin8dom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requ irement5 of the Companies Act 2006. Basis for oplnion We conducted our audit in accordance with International Standards onAudilin8lUKI IISAS IUKII and applicablo law, Our responsibilities under those standard5 are further described in ihe auditor re5pon5ibililies for the audit of the f ina ncial statements sectlon of our report. We a re independent of the charity in accordance with the ethical requlrements that ore rolevant to our audit of the flnancial slatemcnls in the UK, including the FRC'S Etliical Standard, and we have fulfilled our other ethical responsibililie5 in accordance with these requirements, We believe that the audit evidence we have obtained is sulliclent and appropriate lo provide a basis for our opinion. Emphasls of matter Financlal statements prepared on a basls other than going concern We draw attention to the trustees, report 'Chair's Introductlon" and 'Objeclives, strategies and acllvillos section5 of the financial statements. The board of trustees of YMCA George Williams Company made the decision on the 11 February 2025 to begin the process of windlng up the charity. Employees were informed on the lollowlng day and the majority of employees were made redundant at the end of the financial year. On conclusion of the final contracts being completed, the remaining assets will be transferred once long term liabilities Bnd leases have been settled to YMCA England & Wales. This will be completed on concluslon of the 31 March 2025 financial audit and for that reason a basi5 Other than the going concern basis in those financial statemernts has been considorcd a ppropriate, Our report is not mod ified. Other Information The trustees are responsible for the other information. The other inlormation cornprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opi nion on the financial 5tatement5 does not cover the other information and, except lo the extent otherwise explicitly stated in our report, we do not express any form of assurance Conclusion theroon. Page 11
YMCA George Williams Company Independent Auditor's Report to the Members of YMCA George Williams Company (continued) In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information 15 materially incon5islenl with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mi55tated. If we identify such material incon515tencies or apparent material misstatements, we are required lo determine whether there is a material misstatement in the fina ncial statements or a material mi55tatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of th is other information, we are required to report that fact. We have nothlng to report in this re8ard. Opinion on other matter prescrlbed by the Companle5 Act 2006 In our opSnlon, based on the work undertaken in the Course of the audit.. the informatlon given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements,, and the Trustees, Report has been prepared In accorda nce with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the charity and itsenvironment obtained in the course of the audit, we have not identified material mis5taternent5 In the Tru5tee5' Report, We have nolhSn8 to report in respect of the following matter5 where the Cgrnpa nies Act 2006 req uires us to report to you if, in ou r opinlon.. adequate accounting record5 have not been kept, or returns adeq uale for our audit have not been received from branches not visited by us; or the financial statements are not in aÉreement with the a ccounlin8 record5 and returns,. or cert3 in dlsclosures of trustees remuneration specSfied by law are noi made,. or we hJve not received all the information and explanations we require for our audit. Responslbllities of trustees As explained more fully in the Statement of trustee5' responsibilities (set out on page 9 and IDI, the tiustees are responsible for the preparation of the financial Statements and for bel ng satisfied that they give a true and fail view, and for such internal control as the trustees determine is necessary to Ènable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In prep2ri ng the financSal statements, the trustee5 are responsible for assessing the charity's abil ity to continue a5 a going concern, disclosin8, as appllcable, matters relatcd to golng concern and usinE the Eoin£ concern basis of accou ntin2 unless the trustees either intend to liquidate the charity or to cease oporations, or have no realistic alternative but to do so. Auditor responsibilities for the z udit of the financial statements Our objectives are to obtai n reasonable assura nce about whether the financial 5tatement5 2s a whole a re free from material misstatement, whether due lo fraud or error, and to Issue an auditor's report that includes our opinion. Reasonable assurance 15 a high level of assurance, bvt is not a guarantee that 3n audit corlducled in accordance with ISAS IU Kl will always detect a material misstatement wh en it exists. Misstatements can arise from fraud or error and are considered materi31 if, individually or in the aggregate, they could reasonably be expected to influence the econom ic decisions of user5 taken on the basis of these fina ncial statements. Page 12
YMCA George Williams Company Independent Auditor's Report to the Members of YMCA George Williams Company Icontinued) The extent to which our procedures are capable of detectin8 irre8ulaflties, including frauLI 15 detailed below.. We obtained an understandln8 ol the leu¢il rind regulatory frameworks applicable ro ihe company and the sector in which they operate. We determined that the following laws 80(4 fegulations were most siRnilic8nl'. the Companies Act 2006, the UK Corporate Gc>vernance Code and UK colporale laxatlon law5. We obtained an understanding of how the company are complying with those leEal and re8ulatory frameworks by makin8 inquires lo the mana8ement. We corroborated our Inquiiies throu8h our review of board rninute5. We assessed the susceptibility of the company's finallcial stalemenis to material misstaiemenl, including h()w fraud mi8ht r)ccur. Au(Jil procedures perlr)rmed by the Audit en6(Jge.mp.nt tP.8m incl udpd.. Identifying and assessin8 the design effectiveness of controls management has in place to prevent and delect fraud,. U nderstandlng how those charged wlth Bovernance consldered and addressed the potential for overrlde of iontro15 or other inappropriate influence over the financial reportin8 process,. Challenging assumptions and judBemonls made by mano6ement in ils siÉnilic¥nt accounting estirnales,, Identifyin8 and i¢:slin8 journal entries, in particular dny ji?urnal enirips pu5ted with uriusudl account combinations,, and Assessing the oxtent of compliance with the relevant law a nd regulations. Use of our report This report Is made solel¥ 10 the charitablo company's trustecis, as a body, in accordance with ChaplL>r 3 of Parl 16 of ihe Companies Act 2006. Our audit work has been undertaken so that we might siale to Ihc charily'5 Irustoos those matter5 we arc required 10 siaic lo them in an auditor's report and lor no other purpose. To the fullest extent permilted by law, we do not accopt or assume re5ponsibllily 10 anyone other than the charitable company and it trustee5 as a body, for our a udil work, for this report, or lor the opinions we have formed. IM Rodd L15c FCA FCCA (Senior Statutory Audiiorl For ond on behalf ol rc G roup, Statutory Auditor 10 Brid6e Street Chrisichurch DorsÈl BH23 IEF Oate.. 11 Decomber 2025 Page 13
YMCA George Williams Company Statement of Financial Activities for the Year Ended 31 March 2025 (Includlng Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Re5tiicted f unds Total 2025 Total 2024 £ (As restated) Note Income and Endowments from,, Donations and legacies Charitable activities Investment income 114,473 129,935 9,543 240,769 376,214 132,535 490,687 262,470 9,543 240,769 850,216 551,607 15,175 43,379 Other Income Total income 494,720 508,749 1,003,469 1,460,377 Expendlture on; Raising fu nds Charitable activitie5 11281 1703,2191 11281 11,363,856) 18,2 151 11,909,692) 1660,6371 Total expendlture 1703,3471 1660,6371 11,363,984) 11,917,907) Nel expenditure Transfers between funds 1208,6271 148,8481 1151,8881 48,848 1360,5 151 1457,5301 other recognlsed galns and losses Actua rial gains on defined benefit pension schemes 1135,4121 1135,4 121 171,125 Nel movemont in fund5 (392,8871 1103,0401 1495,9271 1286,4051 Reconclllation of funds Total funds brought forward 537,359 103,040 640,399 926,804 Total funds carried forwa rd 22 144,472 144,472 640,399 All of the cha rity'5 activities derive from continu ing operations during the above two periods. The funds breakdown for 2024 15 shown in note 22. The note5 on pages 17 to 35 form a n integra I parl of these financial statements. Pa8e 14
YMCA Goorgo Williams Conipanv IRogi5tration nuinber,, 02978406) 13alance Slieot a5 al 31 March 2025 2025 2024 Nolp Rpsiricled Ciirr•nl •ssvlS 570 CiotlllL%rs Ainoijiits 14111r)K di1¢4 within one ytrJr 1240. 5881 Net current a5sels 1311,lJ3 2 1?6 3n() Tolol I5Sets loss ciirrenl 14,1.412 141> 2,)0 C redltors Anioiints lalline duo .Iller n)oro ihan opeypaf Nol asset5 1,14..112 &ilO. Jfjcj Fund5 of tlie chavity.. R¢s(ricted In¢ome liind5 Unrestntled i Dcome funds 5.17 1, Total lunds 1 SteTent5 r>n Iiar,i75 14 IL) IS ivi.i('
YMCA George Wi11Sams Company Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 £ (As ie5tatedl Note Cash flows from operating actlvities Net cash expend iture 1360,5151 1457,5301 Adjustments to cash flows from non-cash item5 Depreciation Investment income 4,404 19,5431 4,973 115,1751 527 Loss on disposal of fixed assets held for the charity's own use li 1365,6541 1467,2051 Working capltal adlustments Decrea5ellincrea5el in debtors Increase/ldecrea5el in creditors 17 181,668 82,OIG 1106,1721 1199,3661 19 Other cash flows from operatlng actlvltles Ropayments of defined benefit penslon 150,3721 160,9711 Net cash flows from operating activities 1152,3421 1833,7141 Cash flows from Investlng activities Interest receivable and simllar Sncome Purchase of tangi ble fixed assets 9,543 15,175 15,2551 16 Net cash flows from investin8 activities 9,S43 9,920 Net decrease in cash a nd cash equSvalenls 1142,7991 1823,7941 Cash and cash equivalents at l April 735,570 1,559.364 Cash and cash equiva lents at 31 March 592,771 735,570 All of the cash flow5 are derived from continuing operation5 during the èbove two periods. The notes on pages 17 to 35 form a n integra I part of these financial 51atement5. Page 16
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 I Charlty status The charity is a private company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contri bute an a mou nl not exceeding £1 towards the a55et5 Of the charity in the evenl of liquidation. The company is due to wind up within 12 months Df the balance sheet date. For more information please refer to the Roi ng concern accounting poli¢v. The addre$5 of its registered office is,. 10-1 I Charterhouse Square London ECIM 6EH 2 Accounting pollcles Summary of slgnlflcant accounting policies and key accountin8 estimates The pri ncipa l accounting policies appl led in the preparation of these lina ncial statemcnts are set out bolow. These policies have beon con515tently applied to all the years presented, unless otherwise 51ated. Statement of compllance The financial statements have been prepared in accordance with Accountin8 and Reporting by Charities.. Statement of Recommended Pracllce (applicable to charities prepa rl ng Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211 lissued in October 20191 Icharities SORP IFRS 10211, the Financi31 Reporting Standa rd a pplicable in the UK and Republic of Ireland IFRS 1021 and (he Cornpanies Act 2006. Basls of preparatlon YMCA George Williams Company meets the definition of a public benefit entity under FRS 102. The cha rity is planning to cease operations following this financial year and therefore 211 a5SQts and liabilities are now recognised on a break up basis, A55ets held are shown at fair value of the amount expected to be obtained on disposal, or the amount expected to be recovered. Liabilities reflect any contractual obligations created by the decision to cease operations. Goln8 concern The financial statements have been prepared on the break-up basis following a decision made by tho board of trustees in February 2025 to begin the process of winding up the charity. Employees of the charity were informed in February 2025 and the majority of staff were made redundant al the end of the financial year. Somo staff were retained to complete existing contracts and 3 members of staff were transferred to YMCA England & Wales at the end of June 2025. Upon completion of the 31 March 2025 financial year ond audit, the remaining funds held by the charity will be donated lo YMCA England &Wales In accordance with the charities a rticle5 of association and the bank accounts wil I be closed. Page 17
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued 2 Accountlng policles Icont5nued} Prlor period errors A prior year adjustment has been com pleted due to an error made in the accounting treatment of the pension reserve designated fund in the year ended 31 March 2024, To recogni5e the reduction of the commitment from payments of £75,413 to the penslon scheme in the year, a credit entry was posted to the pension reserve through the profit and loss, with the opp051te debit entry being made within the general fund in the profit and loss, The treatment to recoEnise this through the profit and loss was incorrect and instead thi5 should have occurred through a transfer of funds, A prior yea r adjustment has been completed to correct this. There is no impact on the year end reserve balance5 as a result of th15 journbl. Key sources of estlmation uncertainty In ihe application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carryinB amount of assets and liabilities that are not readily apparent from other sources, The estimates and associated assumptions are based on historical experlence and other factors that are considered to be relevant. Actual results may differ from these cstimales. The estimates and underlying assumptions are reviewed on an ongoing b3sis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affecls only that period, or in the period of the revision and future periods where the revision affects bolh current and future periods. I n preparSng these financial statements, the key judgements and estimates have been made in respect of the followlnE-. Pension scheme obligations,. The critical underlying a55umptlons in relation ro the estimate of the pension plèn obligations such as return on assets, increases in pensions in payment and mortality. Variation5 in these assumptions have the ability to significantly influence the value ol the pension liability and the annual contributions required. The eslSmate5 are relevant to the prior year accounting treatment of the pension scheme however withln the 31 March 2025 year end the pension scherne has been confirmed for buy-out and therefore the liability within the accounts is certain. Income and endowments All income is recoEnised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measu red reliably. Gronts receivable Grants are reco8nised when the charity has an entitlement to the fundsand anycondition5 linked to the grants have been mel, Where performa nco condition5 are attached to the grant and are yet to be mot, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Deferred Income Where unconditional entitlement to grants receiva ble and fees paid in advance is dependent upon fulfilmenl of conditions within the College's control, the incoming rosources are reco£nised when there 15 sufficient evidence that conditions have been met. Where there is uncertainty as lo whether the College has met such conditions, or the funder clearly states that the funding is for the next financial year, then the incoming resource 15 deferred. Tuition fees are recognised over the duration of the course. fees received in advance 3re accounted for in liabilities and ieleased over the period of the course. Page 18
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 2 Accountlng policies Icontlnuedl Investment income Dividends are recognised once the dividend has been declared and notification has been receivod of the dividend due. Expendlture All oxpenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement 55 required and the amount can be measured reliably, All costs are allocated to the applicable expenditu re heading that aggregate si mila r cost5 to that category. Where costs cannot be directly hltribu led to particular headin85 they have been allocated ori a ba515 consistent with the use of resource5, With central staff Costs allocated on the basis of time spent, and depreciation charges a Ilocated on the portion of the a55et's use. Other support costs are allocated based on the spread of Staff costs. Chorltuble octlvltles Charitable expendSture comprlse5 those costs incurred by the charity in the dclivery of its activities and serviees for it5 beneficlarSes. It includes both costs that can bc allochled dlreclly lo such activities and thosc costs of an indirect nature necessary to support them, Redundancies Redundancies are paid to employees in the period in which they were let go by the entity and recognlsed when there is a legal or constructive l ia bility arising to the charitv. Taxatlon The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 20JO and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is polenlially exempt from taxbtion in respcct ol income oi capital galn5 received within catpgories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or 8ains are 3pplied exclusively lo charita ble purpose5. Tangible fi¥ed assets Individual fixed assets C05ting £500 or mole are initially recorded at CDSt, less any subsequent accumulated depreciation a nd su bsequent accumulated impairment losses, Depreciation and arnortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. A55et class Fittings and education equipment Computer equipment Depreciation method and rote 4 10 10 years straight line 3 yearsstrai8ht sine Fixed assets have been impaired to the amount expected to be recovered on disposol where considered necessary. Page 19
YMCA George Williams Companv Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 2 Accounti ng pollcles Icontlnuedl Trade debtors Trade and other clebtors have been assessed to show the amou nt expected to be recoverable as at the year end. Cash and cash equlvalents Cash and cash equivalcnt5 comprSse cash on hand and call deposi15, and other short-term highly liquid investments that are readily converti ble to 3 known omount of cash and are subject to a n i nsignilicant risk ol change in value. Trade credltors Trade creditors are obligatlon5 to pay for Eoods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable ale classified a5 current liabllilies if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the roporting date, If there is an unconditlonal right lo defer setiloment for at least twelve months after the reporting date, they are presented as non-cvrrent liabilities. Trade cred itor5 a re recognised initially al the transaction prlce and subsequently measured al a mortised cost using the effective interest melhod. Fund structure Unrestiicted income fund5 are general funds that are ava ilable for use al the trustees discretion in furtherance of the objectivos of the charity. Restricted income funds are those donated lor use in a particular area or for specific purposes, the usc of which is restricted to that area or purpose. Penslons and other post retirement obll8atlons YMCA George Williams Com pany participated in a multi.employer defined benefit pension plan for employees of YMCAS in England, Scotland and Wale5, which was closed to new mem bers and accruals on 30 Aprll 2007. Due to insufficient information, the plan's actua ry has advised that it is not possl ble to separately identify tho assets and liabilities relating to YMCA George Willia ms Company. YMCA George Willia ms Compa ny is required to contribute to the operating expenses of the Pension Plan and these costs are charged to the Statement of Fina ncial Activities as made. In addition, YMCA Georee Williams Company is also required lo make contri butions to tho Pension Pla n. YMCA George Williams Company has a contractual obllgation to repay the agreed buy-out liability. as documented within note 21. Page 20
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued 3 Income from donatlons and legacios Total 2025 Total 2024 Grants, including capital grants,. Grants from other charities 490,687 850,216 490,687 850,216 Grants, included in the above, wero rcccivcd from the following,, 2025 2024 Esmee Fairburn Foundatlon Paul Ham lyn Foundatlon Youth Futures Foundatlon 12,150 55,000 6,105 292,595 87,500 123,266 54,IS4 298,939 41,667 16,667 88,065 75,000 64,958 DIEltal, Culture, Media and Sport Co-op Foundation Dulverton trust National Lottery Community Fund Pears Foundation Fidelity U K Foundatlon Oata Ecosystem E4P 40,420 37,761 46,656 490,687 850,216 Page 21
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 4 Income from charitable activities Total 2025 Total 2024 Lea rning & Education Research & Evaluation 18,731 532,876 262,470 262,470 551,607 2025 2024 Access The Foundation for SocSal Investment Peer Power 126,724 3,531 15,000 71,513 1,500 loo Young People's Foundation Trust CEI Global UK Limited Social Investment Busines5 Ltd Youth Endowment Fund 19,154 Young Manchester National Lottery Community Fund World YMCA Cumbria, Northumberland, Tyne and Wear NHS Foundation Trust 200 49,065 60,750 3,566 50,003 132,535 268,571 Page 22
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 5 Investment Income Total 2025 Total 2024 Interest receivable and similar income,. Interest receiva ble on ba nk deposits 9,543 15.175 6 Other In¢ome Total 2025 Total 2024 Consultancy Traini nE Other 229,878 1,002 9,889 15,966 11,221 16,192 240,769 7 Emponditure on ralslng fund5 al Costs of generatlng donatlons and legacles Total 2025 Total 2024 Events 128 8,215 Page 23
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 8 Expenditure on charitable activitles Total 2025 Total 2024 £ IA5 restated) 444, 145 1,106,480 94,920 198,382 32,701 33,064 Note Learning & Education Research & Evaluation 406,433 715,936 41,375 102,099 82,295 15,718 Operation5 & Support Grant funding of activities Allocated support costs Governance ¢ost5 io io 1,365,856 1,909,692 9 Grant-making Analysis of grants Grants to Instltutlons 2025 2024 Analysls Education & learning Research & evaluation soo 1,470 170,762 26,150 101,599 Oporations & support 102,099 198,382 The support Costs associated wlth grant-making are £Nil131 March 2024 - £Nill. P3ge 24
YMCA George Williams Companv Notes to the Financial Statements for the Year Ended 31 March 2025 {continued) 9 Grant-making (continued) Below are details of materia I grants made to i nstitution5 2025 2024 Name of institution National Youth Agency UK Youth 1,933 1,933 14,433 5,000 2,500 5,000 5,000 1,000 5,000 1,000 1,500 5,000 47,411 60,832 27,SD9 9,394 11,194 1,800 1,800 2,000 2,700 2,000 2,000 5,400 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 4,422 1,800 Youth Focus East & East Midland5 Regional Youth Work Unil Yorkshire & Humber Regional Youth Work Unil Youth Scotla nd RMD Adventure Lea rnln8 Phoenix Youth Youth Cymru Sandwell MBC City of Ooncaster Council London Youth The Youth Assoclation Fusion Family and Youth Projects Youth of Fenland Escape., Community Art in Action The Kite Trust I,OOD 1,000 L,000 1,000 KICK Doncaster Childrens, Universilv YMCA Heart of England Warwick5hire County Council Dot to Dot Enterprises Young Leicestershire Phencheater Charle5 Ltd Birmingham Association of Youth Clubs Stories of Change LLP Aptitude Or8anisatiDn CIC Limited Bradshaw-wa Ish Resea rch Date for Action Youth Action Northern Ireland Limited Grants under El,000 1,000 5,000 4,200 2,000 5,000 1,000 21,600 6,000 2,500 500 120 102,099 198,382 Page 25
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued} 10 Analysls of sovernance and support costs Support C05t5 allocated to charitable actlvltios Other support costs Finance Costs Admln istratlon costs Total 2025 Total 2024 Learning & Education Research & Evaluation 499 1,176 31,026 Operation5 & Support 948 53,052 28,295 82,295 948 53,052 28,295 82,295 32,701 Governance costs Total 2025 Total 2024 Staff costs Wages and salaries Soci31 security costs Pension costs 1,795 155 1,812 385 60 159 Audit fees Audit of the financial Statements Oiher fees paid to auditors Accountancy and legal fees Other 8overnance costs 11.870 1,365 11,525 1,325 11,539 6,319 473 15,718 33,064 11 Net Incoming/outgolng resource5 Net outgoing rosources for the yea r include.. 2025 2024 Audit fees 11,870 11,525 523 4,973 Loss on disposal of ta ngible fixed asset5 Depreciation of f ixed assets 4,390 Page 26
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 12 Trustees remuneratlon and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. During the ye3r ended 3 1 March 2025, no trvstees received expenses lor travel and accommodation totalling £nil12024, one trustee totallin8 £5511. 13 Staff costs The aggregate payroll costs were as follows.. 2025 2024 £ IAS restated) Staff costs durlnE the year were: Wages and salaries Social security costs Pension cost5 852,922 73,412 31,036 1,099,701 117,751 48,597 957,370 1,266,049 The monthly average num ber of persons (including senior management / leade rshi p tea ml employed by the charity during the year expressed as full tSme equivalents was as follows.. 2025 No 2024 No Head count 15 24 Durln8 the year, the charity has included red unda ncy andlor termination costs which totallod E143,77312024 £Nill. This includes payment5 totalling £38,997 made during the period, and an accrual of £104,776 for planned redundancies after the year end. The total employee benefits of the key management personnel of the charity were £142,694 12024 E273,1971. Page 27
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 13 Staff costs Icontlnuedl The number of employees whose emoluments fell with in the followinB bands was.. 2025 2024 £60,001 £70,000 £80,001- £90,000 £ioo,ooi - £iio,000 14 Taxatlon The charity 15 a re81Stered charlty and Is therefore exempt from taxation. IS Comparatives for the statement of financial actlvltles Unrestrlcted funds Restricted funds Tolal 2024 E IA5 restated) Note Income and Endowments from: Donations and legacies Charitable activities 114,999 283,036 15,175 43,379 735,217 268,571 850,216 SS1,607 15,175 43,379 Investment income Other Income Total Income 456,589 1,003,788 1,460,377 Expendlture on.. Raising funds Charitable activities 18,215} 1990,4431 18,2151 11,909,692) 1919.2491 Total expenditure 1998,6581 1919,2491 11,917,907) Net loxpendlturel/income Transfers between funds 1542,0691 113,5011 84,539 13,501 1457,5301 Other recognlsed gains and losses Actua ria l gains on defined benefit pensSon schemes 171,125 171,125 Net movement in fund5 1384,4451 98,040 1286,4051 Reconclllation of f unds Total funds brought forw2 rd 921,804 5,000 926,804 Total funds corried forward 22 537,359 103,040 640,399 Page 28
YMCA George Williams Companv Notes to the Financial Statement5 for the Year Ended 31 March 2025 (continued) 16 Tangible f ixed assets Furnlture and equipment Total Cost At l April 2024 23,188 23,188 At 31 March 2025 23,188 23,188 Depreclation At l April 2024 Cha rge for the year 13,244 4,404 13,244 4,404 At 31 March 2025 17,648 17,648 Net book value At 31 March 2025 5,540 At 31 March 2024 9,944 9,944 17 Debtors 2025 2024 Trade debtors 47,226 10,230 114,982 124,042 loo Prepayments and accruod incorne Other debtors 57,456 239,124 18 Cash and cash equlvalents 2025 2024 Cash at bank 592,771 735,570 Page 29
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 {continued) 19 Creditor5: amount5 falling due wlthin one year 2025 2024 Trade creditor5 Other taxation and Socia I security VAT 20,392 12,823 17,852 233,507 226,721 37,626 31,945 39,298 55,609 83,910 other creditors Accruals and deferred income 511,295 248.388 Included with accruals and deferred income in the prior yoar 2re multi year Brants tied to the delivery of specific outcomes and would need to be repaid to the provider of the funds if the outcomes a re not delivered. 20 Credltors: amounts falllng due after one year 2025 2024 Other creditors 95,851 21 Penslon and other Schemes Deflned benelit penslon schemes YMCA George Williams College participated in a contributory pension plan providing defined benefi15 based on final pensionable pay for employees of YMCA5 in England, Scotland and Wales. The assets of the YMCA Penslon Plan are held 5ep3rately from those of the College and at the ye3r-end these were invested in the Mercer Dynamic oe-ri5king Solution, 40% match ing portfolio and 60% in the growth portf olio and Schroder (property units only). The Penslon Plan wa5 closed to new member5 and future Service accrual with effect from 30 April 2007, With the removal of the salary linkage for benefits al l employed deferred members beca me deferred members as from l May 2011. Following the declsion made by the trustees to wind up the charity Isee goin8 concern disclosures in the Iruslee and audit reports) the pension scheme wa5 revalued for a buy-out agreement as at 31 March 2025. The buy-out I Sabi lities were valued al £1,676,000, of which YMCA George Williams College owed £230,700 and this has been included within other creditors in the 31 March 2025 year end. A total of £15,876 12024.. £14,443) administrative expenses were incurred du ring the yea r in relation lo the pension scheme. Page 30
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 Icontinued} 22 Funds Balance at l Aprll 2024 Other Resources recognlsed expended Transfers galnslllossesl Balance at 31 March 2025 Incoming resources Unrestrlcted fund5 General General Fund 683,019 1145,6601 494,720 1687,4711 1115,0961 115,8761 66,248 375,172 1135,4121 1230,7001 Pension Reserve 537,359 494,720 1703,347} {48,8481 1135,4121 144,472 Restricted funds EDP Alumni Network 10,157 47,394 110,1281 185,1461 1293,7001 178,3001 174,9591 147,7171 1,061 16,3791 112,7751 160,7161 1341 13,5921 26 1291 191 1,903 57,760 945 Data Ecosystem DCMS Prolects Fldellty UK Foundation Centre for Youth Voice 37,761 291,797 20,540 24,949 49,065 46,656 19,154 60,750 3,566 E4P EFL Evaluation World YMCA N HS Foundation Trust 103,040 508,749 1660,6371 48,848 Total f unds 640,399 1,003,469 11,363,984) 1135,4121 144,472 Page 31
YMCA George Williams Companv Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 22 Funds Icontinuedl Balance at l Aprll 2023 Other Resources recognlsed expended Transf ers Eain5111055e51 Balance at 31 March 2024 Incorr ing resources Unrestricted funds General General Fu nd 1,299,560 1377,7561 456,589 1984,2161 {88,9 141 114,4421 75,413 683,019 1145,6601 Penslon Reserve 171,125 921,804 456,589 1998,6581 113,5011 171,125 537,359 Restrlcted funds EDP Alumnl Network 128,224 317,166 298,939 1118,0671 1269,7721 1312,4401 15,0001 144,4181 125,0541 128,9381 154,1541 142,6751 13,5311 115,2001 10,157 47,394 Data Ecosystem DCMS Projects Local Youth Ca paclty FSdelSty UK Four)dation Centre for Youth Voice YEF Multisite Trials 13,501 5,000 64,958 50,003 28,938 54,154 42,675 3,531 15,200 20,540 24,949 E4P CEI DOYW Peer Power Theory ofchange 5,000 1,003,788 19 19,2491 13,501 103,040 Total f unds 926,804 1,460,377 11,917,907) 171,125 640,399 Page 32
YMCA George Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 22 Funds lcontlnuedl Pu rposes of funds are as follows.. EDP Alumni Network To provide a co-ordinated package of support for Access the Social Investment Foundation and its partner5 in developing, testing a nd delivering ils enterprise development programme with the youth sector in England, EFL Evaluation To scope the potential for a full pSlot evaluation of detached youth work provision and to support youth enga£ement in a n evaluation of the attendance of mentors pfoErammes. Data EcosVStem To su pport those working with and for young people lo gather, access, understand and learn from a shared evidence base of high qua lity, robust impact data thus su pportin6 SU51ainable inve51ment and strengthening infrastructure by mobilising and informing funder collaboration DCMS Projects - To refine our impact measurement tools and resources lo make them accessible to a broad range of audiences on our new Measurement Hub, to deliver capacity buildinB support to help youth sector organisations across England use the measures, and to develop our Youth Impact Portal lo facllitate data collecllon, collation and vlsualisation, Fidelily UK Foundation To bulld orBa ni5Otional capaclty by fundlng a new Head of Research a nd Eval ualion role and contributing towards a Head of Finance role, N HS Foundation Trust - To provide research and evaluation support to a project focused on increasing young people's voices in infl uencing health provision. Centre for Youth Voice To provlde a comprehensive svite of evidence-i nlormed networking, re50urce5 and capacity building support on youth voice practices, E4P To explore effective ways for youth Drganisation5 to collect ond leverage domDgraphic data in an equila ble, traumai gender, a nd culiurolly i nformed way a nd to improve understanding around the collection of data and data literacv. World YMCA To lead the learning, Innovation and impact support function for the World Alliance of YMCAS Local Youth Capacity - To support the pilot areas identified wSth tools, Euidance a nd resources and to develop framework and diagnostic tool with tho pilot aroas to evaluate existing opporlunilios and any subsequent resource needs to provido a better understandin8 of the quality of activities dellvered throu8h Local Youth Partnership5. YEF Multisile Tria15- GrBnt funding for an innovative multi-51te randomised control trial of a shared mentoring model across 17 youth organisations in England and Walos. CEI DOYW To assess the feasibility of evaluating the impact of Detached and Outreach Youth Work IDOYWI on the risk of you ng people becoming i nvolved in violence. Peer Power - Development and Delivery of train ing for Peer Power Peer Trai ners a nd Leaders who will then work with young people from Peer Power lo develop and deliver the E mpathy I nvolvemenl Framework. Page 33
YMCA George Williams Companv Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 22 Funds Icontlnuedl Theory of Change - To test and embed the College's partnership framework into the support offer for Local Youth Partnersh ips ILYPSI, Supporting emerging LYPS with theory ol change development, creating online resou rces lor M EL guidance for LYPS, and ensuring L YPS have supported acce55 to the Colle6e'5 r3n8e of tools, training, and resources. Fund transfers A transfer of funds has occurred between the general fund and tho pension reserve to recogni5e the reduclion of the commitment through payments made to the pension scheme from genera I fund cash reserves, A transfer of funds has occurred between the genera I fund and restricted f unds to cover overspends which occurred on project5 durin8 the year ended 31 March 2025. A transfer of funds from the EFL Evaluatlon f und to the general f und has occurred to recognise the fact the project has ceased and to recognise a proportion of related costs that had previously been oxpended through the ceneral fund. 23 Analysls of not funds Financing cush f lows At 31 March 2025 At l Aprll 2024 Cash at bank and in hand 735,570 1142,7991 592,771 Nct debt 735,570 1142,7991 Flnanclng cash IIow5 592,771 At 31 March 2024 At l April 2023 Cash at bank and in hand 1,559,364 1823,7941 735,570 Net debt 1,559,364 1823,7941 735,570 Page 34
YMCA Geor8e Williams Company Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 24 Related party transacllons During the year, Youth Focus North East, whose CEO was K, Frank5 lunlil resignation in May 20251, a trustee of the College, invoiced the College £4,48312Q24 £8,415) as part of the project5 run in the year. At the year end, a total of £nil12024.' £6,800) was owed to Youth Focus North East ir) relation to these services. Denise Halton serves as the CEO of YMCA England 3nd Wales and is also a trustee of the College. YMCA England and Wales provides payroll services lo the College. Additionally, the College makes reni payments to YMCA England and Wale5, was sponsorod by YMCA England and Walos for the Youth Matter5 Awards and make5 payments to YMCA England and Wales for management services relating lo Governance, HR, Finance and IT. At the year end, a balance of £nil12024'. £5,351) wa5 owed by YMCA England and Wales to YMCA George Williarns and £251 was due toYMCA England and Wale512024.. £1,118) by YMCA George Williams, Ouring the year the College had the following tra nsactions., Total 2025 Total 2024 Wlth YMCA England & Wales Income Training and contract income 376 5,351 Expendltufe Afliliatlon fee Payroll costs Office rent Sponsorship Conference 5,056 2,094 14,000 148 2,458 17,500 3,500 796 Management charge 53,052 Page 35