Company registration number: 03426094
Charity registration number: 1066919
YMCA Plymouth Ltd
formerly known as Plymouth Young Men's Christian Association
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2025
WESTCOTTS
HARTERED ACCOUNTANT
USINESS ADVISER

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Reference and Administrative Details
Trustees' Report
Independent Auditors' Report
Statement of Financial Activities
Statement of Financial Position
Statement of Cash Flows
Notes to the Financial Statements
1 to 2
3 to 16
17 to 20
21
22
23
24 to 42

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Chairman
Chief Executive Officer
Trustees
Victor Hibbert
Tom Lavis
Astra Bassett
John Barton Coates
Victor Hibbert
Helen Mary Hart
David Tytherleigh
Arash Dinari
Graeme Charles Catling
Annette Marie Stone
Dean Anthony Bennett
Jo Greenwood
Jeremy Robert Sleet
Rev Lawrence Braschi
William John Bale (Appointed 31/03/2025)
Maria Stella Azzopardi
Secretary
Charity Registration Number
1066919
Company Registration Number 03426094
Registered Office
Honicknowle Lane
Plymouth
Devon
PL5 3NG
Auditor
Westcotts (SW) LLP
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT
Solicitors:
Wolferstans
60-66 North Hill
Plymouth
Devon
PL4 8EP
Page 1

(MCA Plymouth Lti
(A COMPANY LIMITED BY GUARANTEE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Bankers
HSBC Bank Plc
Plymouth
4 Old Town Street
City Centre
Plymouth
PL1 1DD
Page 2

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements and auditors' report of the charitable company for the year ended 31
March 2025. The financial statements have been prepared in accordance with the accounting policies
set out in note 1 to the accounts and comply with the Charity's Memorandum and Articles of
Association, the Charities Act 2011 and Accounting and Reporting by Charities: 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 published effective 1
January 2019.
Our Vision
Empowering our community to thrive through
Education; Wellbeing; Youth, Family and Support services.
Our Mission
Delivering welcoming and personable services which address
local needs to help our community thrive through
education; Wellbeing; Youth, Family and Support services.
Training &
Education
Health &
Wellbeing
Family &
Youth Work
Support &
Advice
Page 3

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Our values are:
Welcoming - We offer people space they need to feel secure, respected, heard and valued
Empowering - We inspire each person we meet to realise their own strengths and reach their full
potential in all they do
nclusiveness - We ensure that everyone regardless of their ability, age, ethnicity, gender, religior
exual orientation or socio-economic background has the opportunity to belong, contribute and thrive
Serving - We are committed to the wellbeing of the communities we serve and believe in the positive
benefit of participation, locally and in the wider world
Background
YMCA Plymouth has been providing opportunities for young people since 1848. It is affiliated to
YMCA England & Wales and is part of a wider International Movement with 45 million members
berating in more than 125 countries. It is a charity and company limited by guarantee that
verned by a voluntary Board of Trustees. The Board of Trustees determine the vision and directi
of the Association.
YMCA Plymouth is a sustainable charity which balances the need to generate income whilst achieving
its social impact.
Public Benefit
The carty True have compied with that de are conditioner r
any private benefit from the Charity
Page 4

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Executive Summary
YMCA Plymouth offer a wide range of services across two facilities. We operate from our main centre,
based in Honicknowle Plymouth, as well as from a community hub in Torpoint, Cornwall. Our mission
is to deliver professional and personable services that support young people and our community,
focusing on our 3 strategic priorities:
YMCA Plymouth are an inclusive charity that aims to reach out to all people, inspiring them to develop
in mind, body & spirit. We do this by supporting young people and the wider community with a diverse
range of Commercial and Charitable services including:
• Vocational Education Training
• Community Gyms
• Fitness Classes
• Grass root Sports & Activities
• Disability Sports & Activities
• Holiday Club provision
• Cardiac Rehabilitation
• Targeted Youth Work
• Crisis Support
• Affordable Facility Hire
• Family Activities
• Social Prescription Activities
• Community garden - providing food for families in crisis
• NEET Engagement & Employability Programmes
YMCA Plymouth strives to be a sustainable charity which balances the need to generate income while
achieving our social impact. In delivering
our work we have adopted a Social Enterprise Model
where every penny generated through our activities is reinvested in our business (For more info see
page 6 - 'Business Model).
Our social enterprise activities help sustain our organisation, whilst maximising the social benefits and
charitable work on offer to our community. YMCA Plymouth's revenue is further supported by a
combination of grants and funding streams which allow us to develop, promote and deliver innovative
new programmes to invest in our people, regardless of age, sex, social economic backgrounds etc.
Since COVID-19, YMCA Plymouth has continued to make improvements in our annual sales and
alongside good financial management. These efforts maintain our long-term sustainability, whilst
allowing us to plan for the future
Page 5

/MCA Plymouth Ltd
A COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Our 5x5 Strategic Plan
Strategic Work Areas
Aim's - The How's
Education &
Training
Health &
Wellbeing
1.0
1.1 Maintain & improve quality of education
1.2 Grow our student body
Expand provision to new sectors linked to local
1.3 industry priorities
Expand existing estate and provide more
1.4 educational delivery space
Produce an executive summary on the above and
1.5 provide future proof strategy
2.0
Offer a range of health & wellbeing advice &
2.1 guidance
Expand existing health services by embedding
2.2 external agencies (HWB Hub)
2.3 Grow the 'Active Referral' provision
Cyclically develop and modemise our physical fitness
2.4 equipment & provision
2.5 Develop more activity spaces for HWB provision
Youth, Families & 3.0
Community
3.1 Identify and grow existing provision for young
Page 6

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
people & families
3.2 providers famiration with other youth & family
Cyclically develop and modernise early years / sot
3.3 play provisior
3.4 Develop innovative opportunities for young people
3.5 Expand community outreach work
4.0
Identify what advice our community needs -
4.1 undertake gap analysis / utilise partners
Continue to provide mentoring provision for young
Support & Advice
4.2 people
Support & Advice
4.3 Develop internal support structure with staff training
Enhance and encourage on-site delivery fron
1.4 partners (Family Hub]
Externally promote YMCA's support & advice (e.g.
4.5 Big Parents / Launchpad 'Live')
5.0
Ensure tight control of finances to ensure
5.1 sustainability
Sustainability &
Develop Honicknowle facility to increase delivery
Growth
5.2
capacity
5.3 Maintain and develop fundraising opportunities
5.4 Grow & maintain stakeholder network
5.5 Review and promote operational and social impact
YMCA Plymouth is suitably structured with expertise in both Governance and Management, ensuring
we meet our aim that every penny raised is wisely invested back into our enterprise and charitable
Page 7

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Business Overview & Structure
YMCA Plymouth is an independent registered charity affiliated to the National Council of YMCAs in
England & Wales. Our affiliation to YMCA England & Wales enables us to be part of a large network
of YMCAs in order to share resources, learn from best practice, be part of the national brand ano
coordinate with national campaigns advocating for young people. Whilst being part of this federation
we remain autonomous as a charity, enabling us to shape our provision independently to address
local needs.
Business Model
Our charity business model is divided between what we term "charitable work" and "community
provision". While there is much overlap between both areas, we broadly define our services within
these categories based on the following criteria:
1. Whether the service generates surplus
2. How targeted or vulnerable the beneficiaries are
3. How specific the social outcomes are to those individuals
Through this framework, the surplus generating provision follows a typical social enterprise model,
making a social impact while generating surplus to both reinvest in the services themselves and
support our charitable services. As a charity this makes us less dependent on grants and donations
whilst broadening our social impact at the same time.
Services
(Lists not exhaustive)
Beneficiaries
Social Outcomes
(Lists not exhaustive)
Funding
Charitable Wor
Disability Sport
Cardice Rehobilitalica
- Torgeted Youth Work
• Grassroots Sport
Crisis Support
Vulnerable & Targeted
Particularly young people&
those with specific neede
- Social inclusion
- Better life chances
- Social mobility
- Reduced Impacts of
child poverty
Non surplus generating
community Provision:
Community Fitness
Vocational Training
Holiday Youth Clubs
- Affordable Facility Hire
Family Activities
Local Community
Focus on serving areas of
medium-high deprivation
- Improved health
- Greater wellbeing
- Skills & opportunities
- Support for parents
• Community cohesion
Surplus
Generated
Social Enterprise
Page 8

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Social Impact
YMCA Plymouth's work reaches over 25,000 people each year. Through our work areas of education,
health and families, we make a positive impact on people's lives in a multitude of ways; from improved
wellbeing to gaining skills for life, to feeling a sense of belonging in their community.
YMCA Plymouth operates in and near local areas with particularly high levels of deprivation, including
areas within the 4-10% most deprived in England. Over 70% of YMCA Plymouth's service users come
from areas within medium-high levels of deprivation.
Our impact is measured though a mixture of quantitate, and qualitative data gathered through
surveys, data from our EZ Facility system, and measures particular to work areas, such as College
achievement rates and cardiac patient health checks.
We support over
25,000
people
in Plymouth
60
2000
Extra years of life expectancy
given to people helped by our
active referrol and cardioc
rehab programmes
3,100
Young people engaged with local
businesses through our
employability events & programes
9,000
minutes of free saft
play sessions given
to SEND chlidren
and lomilles in need
Ol
1,600
Chiloren sensit from sur
helme youth provin
340
Children celebroted ben
party hire spoces
85
Free youth club
spaces & meals
provided to
disadvantoged
young people
1,200
Hours of 1-1 mentoring given
to young people to improve
their confidence and
employment apportibities
100
Londly a salated people
taken on over 100
trips across Devan
2,250
meals worth of
fruit & veg donated
to famities in need
Our impact in one year
Page 9

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Environmental impact
YMCA Plymouth recognises it has a social responsibility to contribute to the green agenda and has
invested in environmental projects that whilst benefit the organisation in costs savings are also o
benefit to the wider 'areen initiative'
Complete
Zero waste
to landfill
Recycling, reducing & reusing
waste as well as working with
specialist waste portners
so that as little waste as
possible goes to landfill
YMCAI
fere for young peopl
Here for communitie
Here for you
Complete
Building a greener YMCA
for our community
Complete:
More insulation
/ We've added huge amounts of
insulation to our huge sports hall
roof, helping our energy efficlency
- much like a woolly hat!
Electric car
charging points
Solar Panels
Newly Installed solar panets
across our sports hall roof
generating dean energy
Compotere
LED Lights
Over 320 lights changed
to eco-friendly LEDs
Complete
E-bike Hub
Pick-up and drop-off e-bikes
Complete
future
Net Zero
STANDARD
BENCHMARK
CERTIFIED
Licence No:FNZ1012022
April 3019 - March 3000
Complete
Miyawaki Forest
Carbon-absorbing, super-dense
& biodiverse micro-forest
We're proud Merbers of
Officially certified Corbon
Footprint so that we can
measure and track our
progress to Net Zero.
Complete
Complete
Community
22 Trees planted
and 40+ fruit &
Garden &
veg varieties grown
for fomilies in need Fruit Orchard
Plastie Free
Directory
Greenp
Tourism
BRONZE
Public Benefit
The Trustees confirm that they have complied with the requirements of Section 17 of the Charities Act
2011 to have due regard to the public benefit guidance published by the Charity Commission for
England and Wales.
The Charity's Trustees have complied with their duty in Section 4 of the Charities Act 2011 to have
due regard to Public Benefit guidance issued by the Charity Commission. The Trustees do not receive
any private benefit from the Charity.
Page 10

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
The Trones have a reasonable expectation that the organisation, with it firmy embedded
statements. Further details regarding the adoption of the going concern basis can be found in the
Financial review
During the year the charity received incoming resources of £2,023,145 (2024: £1,628,774) and had
total expenditure of £2,022,736 (2024: £1,664,932) with increases in course income and grants
received. Overall net income was £583 (2024: net expenditure of £36,234).
The total reserves of the charity at 31 March 2025 were £2,537,554 (2024: £2,536,971). Unrestricted
reserves at 31 March 2025 were in a deficit of £95,057 (2024: Deficit of £53,118), with this further
decrease being largely due to transfers from unrestricted funds to the endowment and restricted fund
for property improvements and a reduction in the pension fund debt respectively.
The trustees have prepared budgets and cash flow forecasts to the end of December 2026, based on
prudent assumptions and possible alternative alternative scenarios. The Trustees recognise that the
charity will require the continued support of the bank in the form of an overdraft facility at stages
during this time and there is no evidence of breaching this facility.
Reserves Policy
The reserves policy is reviewed annually by the Board of Trustees. The policy seeks to achieve fiscal
stability by the continual strengthening of the charity's reserves. This is necessarily a relatively slow
process, given the sector in which YMCA Plymouth operates, the nature of the services provided, the
funding structure of the projects undertaken and the increasingly difficult financial climate. A policy of
tull cost recovery is applied to all contracts wherever possible. Despite the difficult economic climate,
YMCA Plymouth has continued to maintain all its existing contracts.
We are aiming to achieve 2-months of running costs (excluding depreciation) as a reserve, in the 1st
instance our priority over the next two years is to accrue at least £100,000 in free reserves. The Board
has established an expectation that, apart from development services, every project or service must
go into a new financial year with a balanced budget.
Structure, governance and management
Constitution
Plymouth YMCA Limited is a company limited by guarantee governed by its Memorandum of
Association dated 23 June 2009 and Articles of Association dated 26 December 2019.
It is registered as a charity with the Charity Commission.
Page 11

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Recruitment and appointment of Trustees
Appointment of Trustees
The Board of Trustees, who are also Directors, consists of such number of individuals elected from
amongst the Full Members at the AGM as required to ensure that, following the AGM, the total
number of Directors will comprise a minimum of six and a maximum of fourteen. Directors are
appointed for a period of three years, which may be renewed twice, by vote at the AGM. A Director
who is retiring from office after three terms of three years shall not be eligible for re-election until a
period of twelve months has expired since they were a Director. The Board has the power to co-opt
new Trustees between AGM meetings as they consider appropriate.
Appointment of Chairman and Vice Chairman
The Chairman and Vice Chairman are elected by the Board and the Board decide the period during
which the Chairman and Vice Chairman are each to hold office. An individual may only hold office as
Chairman or Vice Chairman so long as he/she is a Director and shall not be eligible for re-election by
the Board as Chairman and Vice Chairman if he/she has already served for two consecutive
three-year terms of office as Chairman and Vice Chairman unless a period of twelve months has
expired since he/she was Chairman or Vice Chairman. The current Chairman was appointed at the
board meeting held in April 2022.
Induction and training of Trustees
Prospective Trustees are given a detailed introduction to YMCA Plymouth, the role, structure and
governance of the Association. The candidate is given guidance on the responsibilities of a Trustee as
defined in the YMCA's Board of Trustees Handbook.
New Trustees are co-opted until the following AGM, when they can stand for election to the full Board.
Co-opted Trustees have full voting rights, but their appointment must be ratified at the next AGM.
Training for the Board takes many forms which include an induction process and the provision of
regular reports and literature. Trustees can also obtain 'hands on' experience by working with the
their knowledge and experience.
Organisational structure
CEO & Board Chair meet weekly.
Page 12

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Chief Executive
Officer
Support / Governance
Finsas Previe
Орегатори
Flame Provisie
HR Business
Partner
/ Company
Fondraisine
star reaith a
Lestate & Chabe
Restate a Cute
harpent to CEO
School Engagement
Accountabllity / Oversight
Operations
Support & Develapment
Board of Trustees
Cntical Friends / Members / Community Stakeholders
YMCA Plymouth continually demonstrates a proactive response to sustainability challenges. With
traditional funding sources continuing to be cut, combined with increased forced rises in expenditure
due to government legislation, YMCA Plymouth staff are committed to generate income streams that
are more sustainable in the long term, thus making the Association less reliant on short term contracts
and short-term grant funding.
Grants are still very important to pursue but should be based on enhancing the programme rather
than supporting non-sustainable delivery. These are difficult times for many charities, but especially
those working with young people. YMCA Plymouth is determined to ensure that it safeguards its
future by creating new areas of growth to ensure longer term sustainability.
Risk Management
The Board of Trustees is responsible for the organisation's systems of internal control, including risk
management. The Chief Executive Officer is the accountable officer and is responsible for the
management of systems for internal control and the implementation of policies set by the Board. The
Finance Sub Committee of the Board monitors and scrutinises the budget and accounting practice.
YMCA Plymouth Business Plan determines the strategic direction of the organisation. Operations and
day-to-day management are determined by financial regulations, and internal controls are supervised
by the Chief Executive Officer, with support from the Finance Director.
We continue to monitor our risk management framework and follow the guidance of the Charity
Commission "Charities and risk management CC26" to ensure that we comprehensively capture risk
across a range of categories. The Finance Sub Committee has oversight of our financial risks, review
them regularly and report back to every full Board meeting.
• Manage risks, costs and resources to deliver our strategy
o Maintain a 'risk-register' outlining the key financial risks to the business
o Maintain an up-to-date business continuity plan
o Ensure a thorough and robust budgetary process is followed and approved by the Board of Trustees
o Ensure a suitable reviewing process by Leadership Team and finance subcommittee
Page 13

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
• Develop new commercial and sustainable sources of income
• Continue the ongoing redevelopment program at Honicknowle site
o Develop and invest in new opportunities, ensuring they are viable and sustainable
• Ensure any new commercial ventures are suitably resourced and promoted through a planned
approach to marketing
Information on fundraising practice
The Trustees are committed to follow the Charity Commission CC20 guidance to make sure YMCA
Plymouth meets the standards in the code of Fundraising Practice and complies with the law.
Disclosure of Information to Auditors
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves
aware of any relevant audit information and to establish that the charity's auditor is aware of that
information. The trustees confirm that there is no relevant information that they know of and of which
they know the auditor is unaware.
Our Charity Patrons
Organisations who kindly support our work with contributions or regular donations:
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REGLOWI
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Rubbermaid
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PUSHED
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green!. ght
Total CACIS
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city:
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NORDIC
CYGS LANDSCAPES
OMB
EKINSI
WESTCOTTS
NIVERSITY
LYMOUT
Page 14

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
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NIVERSIT
INHS
University Hospital
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Our Charity Partners
Key organisations and partners we work with:
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Charter
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CONNECT | GROW | SUCCEED
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Page 15
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Special Olympics
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PLYMOUTH

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
SE SPINNING
© Empary
BARNARDOS
LANOSCAPES
trevi
where life begins
STANDARD
Horizon
+ Tamar Crossings
FRUStENTY Vospers
S
SECURE
SPORT
SPORAND
The annual report was approved by the trustees of the charity on 20/0/25... and signed on its
behalf by:
... 5A
Victor Hibbert
Chairman and trustee
Page 16

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Independent Auditor's Report to the Members of YMCA Plymouth Ltd
Opinion
We have audited the financial statements of YMCA Plymouth Ltd (the 'charity") for the year ended 31
March 2025, which comprise the Statement of Financial Activities, Statement of Financial Position,
Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant
accounting policies. 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 applicable law (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
• give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming
resources and application of resources, including its income and expenditure, for the year then
ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
• have been prepared in accordance with the requirements of the Companies Act 2006 and the
Charities SORP.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and
applicable law. Our responsibilities under those
standards are further described in the auditor
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the original financial
statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the
conclusion thereon.
Page 17

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Independent Auditor's Report to the Members of YMCA Plymouth Ltd
n 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 is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
• the information 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 accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires
us to report to you if, in our opinion:
• adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us; or
• the financial statements are not in agreement with the accounting records and returns; or
• certain disclosures of trustees remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit.
Responsibilities of the trustees
As explained more fully in the trustee's responsibilities statement, the trustee (who is also the director
for the purposes of company law) is responsible for the preparation of the financial statements and for
being satisfied that they give a true and fair view, and for such Internal control as the trustee
determines is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
hat an audit conducted in accordance with ISAs (UK) Will always detect a material misstatemen
when it exists. Misstatements can arise from fraud or error and are considered material if, individuall
or in the aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these financial statements.
Page 18

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Independent Auditor's Report to the Members of YMCA Plymouth Ltd
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below:
• We identified areas of laws and regulations that could reasonably be expected to have a material
eftect on the tinancial statements trom our general commercial and sector experience and through
discussion with the directors and other management. We communicated identified laws and
regulations throughout our team, and remained alert to any indications of non-compliance
throughout the audit.
• The company is subject to laws and regulations that govern the preparation of the financial
statements, including financial reporting legislation, and other companies legislation. The company
is also subject to other laws and regulations where the consequences of non-compliance could
have a material impact on the amounts or disclosures within the financial statements, including
employment, anti-bribery, anti-money laundering and certain aspects of companies legislation.
• Matters regarding non-compliance with laws and regulations and fraud were communicated with
the engagement team.
• Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have properly
planned and perormed our audit in accordance with auditing standards. In any audit, there
remains a nigher risk ot non-detection of irregularities, as these may involve collusion, forgery
intentional omissions,
misrepresentations, or the override of internal controls. We are not
responsible for preventing non-compliance and cannot be expected to detect non-compliance with
all laws and regulations.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. we also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the directors.
• Conclude on the appropriateness of the directors use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the company's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in our
auditor's report to the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to
the date of our auditor's report. However, future events or conditions may cause the company to
cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
Page 19

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Independent Auditor's Report to the Members of YMCA Plymouth Ltd
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control.
A further description of our responsibilities is available on the Financial Reporting Council's website
at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
this report is made solely to the charitable company's trustees, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
night state to the charity's trustees those matters we are required to state to them in an auditor:
eport and for no other purpose. To the fullest extent permitted by law, we do not accept or assum
responsibility to anyone other than the charitable company and its trustees as a body, for our audit
work, for this report, or for the opinions we have formed.
Walates (sas cl
Adam Croney ACA (Senior Statutory Auditor)
For and on behalf of
Westcotts (SW) LLP
Chartered accountants & statutory auditor
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT
Date: 26/10/25
Page 20

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Statement of Financial Activities for the Year Ended 31 March 2025
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted Restricted Endowment
funds
funds
Total
2025
€
Note
Income and Endowments from:
Donations and legacies 4
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Gains/(losses) on
investment assets
Net
income/(expenditure)
Transfers between
funds
Net movement in funds
Reconciliation of funds
Total funds brought
forward
Total funds carried
forward
24
31,071
1,886,488
2,090
1,919,649
(24,628)
(1,867,110)
(1,891,738)
174
28,085
(70,024)
(41,939)
(53,118)
(95,057)
Total
2024
103,496
-
103,496
134,567
1,886,488
2,090
2,023,145
63,172
1,564,347
1,255
1,628,774
(44,748)
(44,748)
(24,628)
(86.250) (1.993,108
(16,715)
(1,648,217)
(86,250) (2,022,736)
(1,664,932)
174
(76)
58,748
23,310
82,058
(86,250)
46,714
(39,536)
583
(36,234)
583
(36,234)
(61,337)
2,651,426
2,536,971
2,573,205
20,721
2,611,890
2,537,554
2,536,971
The notes on pages 24 to 42 form an integral part of these financial statements.
Page 21

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
(Registration number: 03426094)
Statement of Financial Position as at 31 March 2025
Note
Fixed assets
Tangible assets
Investments
15
16
2025
2,985,343
4,251
2,989,594
2024
2,992,209
4,077
2,996,286
Current assets
Stocks
Debtors
Cash at bank and in hand
17
19
Creditors: Amounts falling due within one year
20
Net current liabilities
Total assets less current labilities
Creditors: Amounts failing due after more than one year 21
Net assets
500
54,824
105,855
161,179
(518,682)
(357,503)
2,632,091
(94,537)
2,537,554
500
98,944
68,995
168,439
(434,653)
(266,214)
2,730,072
(193,101)
2,536,971
Funds of the charity:
Endowment funds
2,611,890
Restricted funds
Unrestricted funds
20,721
(95,057)
Total funds
24
2,537,554
2,651,426
(61,337)
(53,118)
2,536,971
The financial statements on pages 21 to 42 were approved by the trustees, and authorised for issue
on 20/10/25. and signed on their behalf by:
G. trold
Victor Hibbert
Chairman and trustee
The notes on pages 24 to 42 form an integral part of these financial statements.
Page 22

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Statement of Cash Flows for the Year Ended 31 March 2025
Note
2025
2024
Cash flows from operating activities
Net cash income/(expenditure)
Adjustments to cash flows from non-cash items
Depreciation of tangible fixed assets
Investment income
Interest income
Working capital adjustments
Decrease/(increase) in debtors
Decrease in creditors
Increase in accruals and deferred income
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
Purchase of tangible assets
Net cash flows from investing activities
Cash flows from financing activities
Repayment of loans and borrowings
Proceeds from other borrowings during the period
Payments of finance lease liabilities
Net cash flows from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
15
16
6
18
20,21
20
15
19
583
205,552
(174)
(2,090)
203,871
44,120
(13,049)
138,943
373,885
2,090
(198,686)
(196,596)
(14,047)
(44,997)
(59,044)
118,245
(12,390)
105,855
(36,234)
185,398
76
(1,255)
147,985
(48,605)
(103,844)
98,209
93,745
1,255
(110,833)
(109,578)
(12,639)
45,000
(44,089)
(11,728)
(27,561)
15,171
(12,390)
The notes on pages 24 to 42 form an integral part of these financial statements.
Page 23

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Charity status
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 Finance Department, Honicknowle Lane, Plymouth, Devon, PL5 3NG.
The charity was formerly known as Plymouth Young Men's Christian Association, with the name
change effective from 19th February 2025.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all the years presented, unless otherwise
stated.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial Reporting
Standard applicable in the UK and 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 the
Companies Act 2006.
Basis of preparation
relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as
a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by
the charity.
Fund accounting
The Endowment Fund represents the net book value of the Kitto Centre, the Charity's main
operational premises,
except for additions to the property made out of restricted funds. An annual
transfer is made of any unrestricted additions made to the property each into the endowment fund.
Page 24

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction will flow
to the charity and the amount can be reliably measured. The following specific policies are applied to
particular categories of income:
• income from donations or grants is recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured 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 goods unless this is Impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated resale
value. Donated facilities and services are recognised in the accounts when received if the value can
be reliably measured. No amounts are included for the contribution of general volunteers.
• Income from contracts for the supply of services is recognised with the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractual requirement for it to be
spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
• Government grants are recognised at the fair value of the asset received or receivable, Grants are
not recognised until there is reasonable assurance that the charity will comply with the conditions
attaching to them and the grants will be received
• Where the grant does not impose specified future performance-related conditions on the recipient, it
is recognised in income when the grant proceeds are received or receivable. Where the grant does
impose specified future performance-related conditions on the recipient, it is recognised in income
only when the performance- related conditions have been met. Where grants received are prior to
satisfying the revenue recognition criteria, they are recognised as a liability.
Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates:
• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable
trading activities, and the sale of donated goods.
• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities
that further its charitable alms for the benefit of its beneficiaries, including those support costs and
costs relating to the governance of the charity apportioned to charitable activities.
• other expenditure includes all expenditure that is neither related to raising funds for the charity nor
part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Page 25

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory
requirements, including audit, strategic management and trustees meetings and reimbursed
expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of
the asset received or receivable. Grants are classified as relating either to revenue or to assets.
Grants relating to revenue are recognised in income over the period in which the related costs are
recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where
part of a grant relating to an asset is deferred, it is recognised as deferred income.
Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at
the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated Impairment losses.
An Increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities, A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within other
recognised gains and losses on the statement of financial activities.
Depreciation and amortisation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows:
Asset class
Freehold property
Long leasehold property
Fixtures, fittings and equipment
Motor vehicles
Computer equipment
Depreciation method and rate
5 to 50 years
Over the period of lease
2 to10 years
5 years
2 to 5 years
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If
fair value cannot be measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income
or expenditure.
Page 26

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
Stock
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs Incurred in bringing the stock
to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of
financial position as assets and liabilities at the lower of the fair value of the assets and the present
value of the minimum lease payments, which is determined at the inception of the lease term. Any
initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease
liability using the effective interest method. Finance charges are allocated to each period so as to
produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not
recognised until there is reasonable assurance that the charity will comply with the conditions
attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is
recognised in income when the grant proceeds are received or receivable. Where the grant does
mpose specified future performance-related conditions on the recipient, it is recognised in incom
only when the performance-related conditions have been met. Where grants received are prior t
satisfying the revenue recognition criteria, they are recognised as a liability.
Page 27

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
Financial instruments
Recognition and measurement
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any
related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value recognised
in income and expenditure. All other such investments are subsequently measured at cost less
impairment.
Other financial instruments, including derivatives, are Initially recognised at fair value, unless payment
for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a
market rate, in which case the asset is measured at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in
the statement of financial activities, with the exception of hedging instruments in a designated hedging
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial activities in
which the Initial gain was recognised.
Impairment
For all equity instruments regardless of significance, and other financial assets that are Individually
signiticant, these are assessed individually for impairment. Other financial assets are either assessed
Individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would have
been had the impairment not previously been recognised.
Page 28

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting
date in which the employees render the related service, the liability is measured on a discounted
present value basis. The unwinding of the discount is recognised as an expense in the period in which
Pensions and other post-retirement obligations
The Charity participated in a multi-employer defined benefit pension scheme for employees of
YMCA's in England, Scotland and Wales, which was closed to new members and accruals on 30 April
2007. Due to insufficient information, the plan's actuary has advised that it is not possible to
separately identify the assets and liabilities relating to YMCA Plymouth.
* t a to the operaing expenses or the Ponion Plan Exp his coco ang changed to the
3 Limited by guarantee
he charity is limited by guarantee, incorporated in England and Wales, and consequently does no
ave share capital. Each of the trustees is liable to contribute an amount not exceedina £1 toward
the assets of the charity in the event of liquidation.
Page 29

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
4 Income from donations and legacies
Donations and legacies;
Donations from individuals
Other grants
Donations and legacies;
Donations from individuals
Gift aid reclaimed
Other grants
Unrestricted
funds
€
31,071
31,071
Unrestricted
funds
€
41,761
1,561
=
43,322
Restricted
funds
-
103,496
103,496
Restricted
funds
:
19,850
19,850
Total
2025
31,071
103,496
134,567
Total
2024
41,761
1,561
19,850
63,172
Page 30

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
5 Income from charitable activities
Grants - other agencies
Facilities
Sports
Courses
Catering Income
Memberships
Rental income
Other income
Grants - other agencies
Facilities
Sports
Courses
Catering Income
Memberships
Rental income
Other income
Unrestricted
funds
General
108,373
570,472
98,134
881,938
1,033
11,451
175,505
39,582
1,886,488
Unrestricted
funds
General
€
34,640
546,744
100,287
711,872
1,421
13,606
113,267
42,510
1,564,347
Total
2025
€
108,373
570,472
98,134
881,938
1,033
11,451
175,505
39,582
1,886,488
Total
2024
34,640
546,744
100,287
711,872
1,421
13,606
113,267
42,510
1,564,347
6 Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
Unrestricted
funds
2,090
Total
2025
€
2,090
Total
2024
€
1,255
Page 31

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
7 Expenditure on raising funds
Marketing and publicity
Staff Costs
Unrestricted
funds
23,379
1,249
24,628
Total
2025
23,379
1,249
24,628
Total
2024
€
15,368
1,347
16,715
8 Expenditure on charitable activities
Staff costs
Depreciation
Premises costs
Lease costs
Subscription
Telephone, printing and
stationery
Irrecoverable VAT
Programme costs
Banking costs
Pension deficit costs
Other costs
Governance costs
Activity
undertaken
directly
1,297,735
205,552
183,445
23,221
33,389
11,908
32,623
121,997
29,259
2,918
13,121
-
1,955,168
Support
costs
-
-
:
40.032
40,032
2025
1,297,735
205,552
183,445
23,221
33,389
11,908
32,623
121,997
29,259
2,918
13,121
40,032
1,995,200
2024
1,064,558
185,398
168,807
24,025
34,737
11,570
14,700
92,255
25,334
(66,706)
56,550
36,989
1,648,217
Page 32

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
9 Net losses on investments
Unrestricted
funds
2024
€
Gains / (losses) on listed investments
174
174
Total
2025
€
174
174
Total
2024
(76)
(76)
10 Analysis of governance and support costs
Governance costs
Audit fees
Accountancy costs
Legal fees
Unrestricted
funds
6,750
2,250
31,032
40,032
Total
2025
6,750
2,250
31,032
40,032
Total
2024
€
6,044
2,206
28,739
36,989
11 Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
Auditors' remuneration
Depreciation
2025
9,000
205,551
2024
€
8,250
185,398
12 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity
during the year. No trustees have received any reimbursed expenses or any other benefits from the
Charity during the year.
Page 33

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
13 Staff costs
The aggregate payroll costs were as follows:
2025
€
2024
€
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
Other staff costs
1,136,930
81,948
20,933
57,925
1,297,736
970,357
73,380
20,821
45,016
1,109,574
The average head count of employees (including senior management team) during the year was 53
(2024: 51). This equated to 40 (2024 - 36) full time equivalent positions.
The staff were utilised across the charity in the following areas:
Plymouth Site
Torpoint Site
Discovery College
Back of House
Zero hours employees
2025
No
20
7
22
4
19
2024
No
23
7
17
4
9
The charity utilises zero hours contracts for casual staff who fulfil crucial roles in the organisation
during certain key periods such as school holidays, when the demand for services increase.
The contribution of our volunteers is also essential to our service provision. Whilst this value is not
quantified in the accounts, we are very grateful to our regular volunteers who numbered around 63 in
2025(2024 64).
No employee received emoluments of more than £60,000 during the year (2024: Nil).
Key Management Personnel
Key management personnel include all persons that have the authority and responsibility for planning
Page 34

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
14 Auditors' remuneration
Audit of the financial statements
Other fees to auditors
All other non-audit services
15 Tangible fixed assets
Cost
At 1 April 2024
Additions
At 31 March
2025
Depreciation
At 1 April 2024
Charge for the
year
At 31 March
2025
Net book value
At 31 March
2025
At 31 March
2024
Freehold
property
3,748,483
46,714
3,795,197
1,097,057
86,250
1,183,307
2,611,890
2,651,426
2025
6,750
2,250
2024
€
6,044
2,206
Fixtures,
leasehold
fittings &
property equipment
46,641
103,620
150,261
43,708
2,667
46,375
765,347
24,480
789,827
500,894
107,720
608,614
Motor Compute
vehicles
equipmen
67,800
67,800
67,800
67,800
Total
115,781 4,744,052
23,872
198,686
139,653 4,942,738
104,450 1,813,909
8,915
205,552
113,365 2,019,461
103,886
2,933
181,213
264,453
-
26,288 2,923,277
11,331 2,930,143
Page 35

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
16 Investments
Other
investments
€
Cost or Valuation
At 1 April 2024
Revaluation
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
17 Stock
4,077
174
4,251
4,251
4,077
Total
€
4,077
174
4,251
4,251
4,077
2025
500
2024
€
500
Stocks
18 Debtors
Trade debtors
Prepayments
2025
37,387
17,437
54,824
2024
€
63,966
34,978
-
98,944
19 Cash and cash equivalents
Cash at bank
Bank overdrafts
Cash and cash equivalents in statement of cash flows
2025
105,855
105,855
2024
68,995
(81,385)
(12,390)
Page 36

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
20 Creditors: amounts falling due within one year
2025
Bank overdrafts
Bank loans
Trade creditors
Other loans
Hire purchase and finance leases
Other creditors
Accruals
Deferred income
15,434
47,032
18,645
44,089
90,718
103,765
198,999
518,682
2024
81,385
14,043
59,639
18,094
44,997
52,674
75,838
87,983
434,653
Creditors due within one year includes the following liabilities, on which security has been given by the
Charity:
HSBC Bank loans - £26,548 (2024: £40,595)
HSBC Bank PLC have a first legal charge dated 10 August 2017 over freehold property known as
YMCA, Honicknowle Lane, Plymouth, PL5 3NG and on freehold property known as land on the north
east side of Honicknowie Lane, Honicknowle.
HSBC Bank PLC also have a debenture including a fixed charge over all present freehold and
leasehold property, a first charge over book and other debtors, chattels, goodwill, and uncalled
capital, both present and future and a first floating charge over all assets and undertakings both
present and future, dated 10 August 2017.
Other loans
Included in other loans are the following secured amounts:
Postcode Innovation Trust - due within one year £18,645, due after one year - £29,035, all repayable
within five years, interest charged at 3% pa. Postcode Innovation Trust have a floating charge over
the property and undertaking of the charity dated 1 July 2020.
2025
Deferred income
Deferred income at 1 April 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end
€
87,983
2,266,203
(2,155,187)
198,999
2024
35,433
87,983
(35,433)
87,983
Income has been deferred in recognition of the performance criteria set out by the relevant grant
funding bodies, which have not been met at the period end.
Page 37

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
21 Creditors: amounts falling due after one year
2025
2024
€
Bank loans
Other loans
Hire purchase and finance leases
Pension scheme creditors
11,114
26,552
29,035
47,680
33,067
77,156
21,321
41,713
94,537
193,101
The finance leases relate to gym equipment and a boiler recognised within the fixtures and fitings and
chrome books recognised as computer equipment all of which are Included in fixed assets.
The 7, 56 2a2 121 car the isle or til to the here which or le alging ale
under the finance leases are appropriate to their fair values.
22 Obligations under leases and hire purchase contracts
Assets held under finance leases
The total value of future minimum lease payments was as follows:
Within one year
Between one and five years
2025
€
44,089
33,067
77,156
2024
44,097
77,156
121,253
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
Within one year
Between one and five years
2025
11884
17,076
2024
€
12,113
17,075
29,188
23 Pension and other post-retirement benefits.
mounts due li one o five ears amourin to 1327 2024-32, 19, 420415 due ate the
Page 38

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
24 Funds
Unrestricted
funds
Restricted funds
Pension fund
Xmas
household fund
Capital (Ocean
play and solar
panels)
Shared
prosperity fund
Other small
grants
Endowment
funds
Total funds
Unrestricted funds
Restricted funds
Pension fund
Sports grants
Xmas household fund
Capital (Ocean play
and solar panels)
Other small grants
Endowment funds
Total funds
Balance at
1 April
2024
€
Incoming Resources
resources
expended
Transfers
€
€
(53,118)
1,919,649
(1,891,738)
(70,024)
(64,007)
836
(2,919)
23,310
-
-
1,834
=
(61,337)
-
101,096
2,400
103,496
2,651,426
2,536,971
2,023,145
(1,834)
(37,595)
(2,400)
(44,748)
(86,250)
(2,022,736)
-
-
23,310
46,714
Balance
at 1
April
Incoming Resources
2023
€
resources expended
Transfers
168,589
1,608,924 (1,645,727) (184,828)
(159,218)
20,254
836
4,437
14,700
66,706
(6,900)
28,505
(28,054)
(133,691)
2,538,307
2,573,205
(1,020)
5,150
19,850
(5,150)
53,636
(72,841)
1,628,774 (1,664.932)
(1,583)
(1,132)
185,960
Other Balance at
gains/
31 March
(losses)
2025
174
(95,057)
-
(43,616)
836
-
-
63,501
174
Other
recognised
gains/
(losses)
(76)
20,721
2,611,890
2,537,554
Balance
at 31
March
2024
€
(53,118)
.
(64,007)
836
1,834
(61,337)
= 2,661.426
(76) 2,536,971
Page 39

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
The specific purposes for which the funds are to be applied are as follows:
Pension Fund - represents the liability the charity has for payment to the YMCA England Defined
Benefit Pension Scheme to cover their portion of the overall deficit. This is currently expected to be
repaid in 2027
Football grants covers income received from The Football Foundation, Barclays
Community Fund, and The Together Fund. This has been awarded and used to increase participation
and experiences in football for disadvantaged youths, as well as for the laying of an artificial surface
which is held within fixed assets.
Climbing Grants have been received to fund places for young people to be able to participate in
indoor climbing and to enable repairs to the climbing wall in Plymouth.
Xmas Household funding was received to spend on support for families struggling with financial
pressures around Christmas time. This was not fully spent in December 2022, any amounts not spent
in future periods may need to be repaid
SPF - The Shared Prosperity Fund (SPF) project was co-designed and co-developed by the Skills and
Post 16 team in Plymouth City Council (PCC) and Plymouth YMCA (YMCA). It builds on work that has
een successfully delivered across the city and creates a new programme to support the delivery o
le key priorities within PCC's UK Shared Prosperity Investment Plan (UKSPF), while piloting nei
ways of working for delivery beyond 2025. The main reveue activities are:
- Supporting green skills and high value technical skills
- creating and enhancing pathways to employment - developing and releasing the talent of our young
people
- Supporting local skills needs in retaining and attracting new talent to the high value technical sectors
- Supporting local skills needs in health and care
Other Capital grants have been received to aid in the installation of solar panels and the new soft play
facility at the YMCA centre in Honicknowle.
Small one off fully expended grants are not shown separately, but are always appreciated.
Page 40

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
25 Analysis of net assets between funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Creditors over 1 year
Total net assets
26 Analysis of net funds
Unrestricted
funds
General
€
311,387
4,251
158,909
(496,388)
(73,216)
(95,057)
Restricted
funds
€
62,066
2,270
(22,294)
(21,321)
20,721
Endowment
funds
Permanent
2,611,890
2,611,890
Total funds
at 31 March
2025
2,985,343
4,251
161,179
(518,682)
(94,537)
2,537,554
Cash at bank and in hand
Bank overdraft
Debt due within one year
Debt due after more than one year
Finance leases and hire purchase contracts
Net debt
At 1 April
2024
68,995
(81,385)
(12,390)
(47,571)
(74,232)
(122,153)
(256,346)
Cash flows
€
36,860
81,385
118,245
(1,942)
34,083
44,997
195,383
At 31 March
2025
€
105,855
105,855
(49,513)
(40,149)
(77,156)
(60,963)
27 Related party transactions
During the year the charity made the following related party transactions:
Vic Hibbert - Trustee
During the year the charity paid VH HR services £18,200 (2024: £10,446) for services in connection
with Human Resource Consultancy. This is a business run from Vic Hibbert on a self-employed basis.
At the balance sheet date, the amount due to Vic Hibbert was £Nil (2024: Nil).
Arash Dinari - Trustee
Arash is a solicitor at Wolferstans LLP In Plymouth, during the year the Wolferstans made donations
to the charity of £6,648 (2024: E108). At the balance sheet date the amount due to Wolferstans was
£Nil (2024: Nil). At the balance sheet date, the amount due to/from Arash was £Nil (2024: £Nil).
Jeremy Sleet - Trustee
During the year the charity has paid a retainer of £2,930, on favourable terms, to 'No Accident' a
business owned by Jeremy in connection with covering health and safety services (2024: £Nil). At the
vear end the balance due to/from No accident was £200 (2024: £Nil).
Page 41

YMCA Plymouth Ltd
(A COMPANY LIMITED BY GUARANTEE)
Notes to the Financial Statements for the Year Ended 31 March 2025
28 Pension commitments
Plymouth YMCA participated in a contributory pension plan providing defined benefits based on final
pensionable pay for employees of YMCAs in England, Scotland and Wales. The assets of the YMCA
Pension Plan are held separately from those of Plymouth YMCA and at the year end these were
invested in the Mercer De-risking Solution, 40% matching portfolio and 60% in the growth portfolio
and Schroder (property units only).
The most recent completed three year valuation was as at 1 May 2023. The assumptions used which
have the most significant effect on the results of the valuation are those relating to the assumed
discount rate of 4.56%, the increase in pensions in payment of 3.41% (for RP! capped at 5% p.a.),
and the average life expectancy from normal retirement age (of 65) for a current male pensioner of
22.2 years, female 24.1 years and 24.0 years for a male pensioner, female 26.0 years, retiring in 20
years' time. The result of the valuation showed that the actuarial value of the assets was £103.3m,
This represented 92% of the benefits that had accrued to members.
The Pension Plan was closed to new members and future service accrual with effect from 30 Apri
2007. With the removal of the salary linkage for benefits all employed deferred members became
deferred members as from 1 May 2011.
The valuation prepared as at 1 May 2023 showed that the YMCA Pension Plan had a deficit of
£21.8m. Plymouth YMCA has been advised that it will need to make monthly contributions of £1,943
from 1 May 2023. This amount is based on the current actuarial assumptions (as outlined above) and
may vary in the future as a result of the actual performance if the pension plan. The recovery period is
Page 42