Charity Registration No. 1074571 Company Registralion No. 03685477 (England and Wales) FYLDE COAST YMCA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FYLDE COAST YMCA LEGAL AND ADMINISTRATIVE INFORMATION Trustees C Christou- Chairman A Keenan - Treasurer R Blanchard Iresigned 25109123) I Paterson R N Nulty A P Haworth A Kirkham R Dawson M Hill (appointed 25109123) Charity number 1074571 Company number 03685477 Company Secretary G Oatridge Principal address St. Albans Road St. Annes Lancashire FY8 IXD Raglstèred oftlce Unit 2, Olympic Court Boardmans Way Whitehills Business Park Blackpool, Lancashire FY4 5GU Audltors Champion Accountants LLP Unit 2, Olympic Court Boardmans Way Whitehills Business Park Blackpool, Lancashire FY4 5GU Bankers Natwest 24 St Annes Road West St Annes on Sea Lancashire FY8 IRH FYLDE COAST YMCA CONTENTS Page Report of the Trustees, (including the Strategic Report) i-ii Independent Auditors, Report 12-14 Statement of Financial Activitles- parent charity 15-16 Group Statement of Financial Activities 17-18 Group and Charity Balance Sheets 19 Group Cash Flow Statement 20 Notes to the Group Cash Flow Statement 21 Notes to the Financial Statements 22-37 FYLDE COAST YMCA TRUSTEES, REPORT {INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 The Trustees present their report and consolidated financial statements of the chawity and its subsidiary for the year ended 31 March 2024, which are also prepared to meet the reqtjirements for a Dlrectors, Report and accounts for Companies Act purposes. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006, 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 (FRS 1021" las amended for accounting periods commencing from I January 2019). Dlrectors and Trustees The Directors of the charitable company (the charity) are its Trustees for the purpose of charity law. The Trustees who served during the year were: Mr. C Christou Mr. A Keenan Mr. A Haworth Mrs. R Blanchard Mr. I Paterson Mr. A Kirkham Mr. R Dawson Mr. R Nulty Mr M. Hill Chairman Treasurer Resigned 25109123 Appointed 25109123 Chief Executive & Company Secretary- Mr. G Oatrldge Governlng Document: Fylde Coast YMCA is a company limited by guarantee and was formed on 17, December 1998. The Company is governed by its Memorandum and Articles of Association as approved by the Board of Director5 in December 1998. Appolntment of Trustees As set out in the Articles of Association, three trustees are elected annually by the members of the charitable company attendlng the Annual General Meeting and seNe for a period of three years. Trustee Inductlon and Trainlng All new trustees undergo an induction programme. They are provlded with a welcome pack, outlining the history, ethos and structure of the YMCA. In addition, the pack provides information on a trustee's responsibilities and relevant documentation to the operation of the association. Organlsatlon The board has 9 members. They meet 5 times a year and there are sub committees covering the association's areas of work as well as a finance and staffing committee. FYLDE COAST YMCA TRUSTEES. REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 Related Parties None of the Trustee5 recewe remuneTation or other benefit from their work with the charity. Any connection between a Trustee and an employee of the charity must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party. Partners & Statutory Agencies: The YMCA has further developed its co-operation and partnership with statutory agencies in the delivery of services. Over the past year we have worked with Wyre Council, Fylde Council, Lancashire County Council, The ASA, Lancashire FA, Sport England, The Cabinet Office, Lake District National Park Authority, National Lottery Community Fund, Cadent, The Lofthouse Family, YMCA England & Wales, AXA, Blackpool Football Club, Place5 for People, The Football League Trust and Aegon. Repre5entatlon on committees: The staff of the Association are members of a variety of network groups and committees in areas relevant to the core services of YMCA Fylde Coast. Tradlng Company: Fylde Coast YMCA has a trading company called "Fylde Coast YMCA Trading Limited" The prime purpose of the company is to undertake the trading activities of the Association. The Association works closely wlth one other charity, YMCA Trust which owns the sites at St. Annes, Lytham, Klrkham, Lakeslde, and the William Pickles playing field. In addition, the charity owns numerous properties in Fylde and Wyre Boroughs. Fylde Coast YMCA manages these sites and propertSes on behalf of the charity. Pay pollcy for senlor staff The Dlrectorsconsider the Board of Directors, who are theTrustees, and the senior management team to be the key management personnel of the charity in charge of directing and controllin& running and operating the charity on a day to day basis. All Trustees give their time freely and no Trustee received remuneration in the year. Details of Trustees, expenses and related party transaction5 are disclosed In the notes to the accounts. The pay of the senior staff is reviewed annually. Employees Employees are involved in matters concerning them in a variety of ways, ranging from localised team meetings through to company-wide working groups. The CEO produces regular 'CEO update5, which includes relevant corporate information as well as celebrating staff achievement and the impact our services have on communities and young people. A 'My Voice, project has been introduced to Increased staff engagement. Disabled employees Fylde Coast YMCA is committed to achieving a working environment which provides equality or opportunity and freedom from unlawful discrimination on the grounds of race, sex, pregnancy and FYLDE COAST YMCA TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 maternity, marital or civil partnership status, gender reassignment, disability, religion or beliefs, age or sexual orientation. An Equality & Diversity policy has been actively adopted that aims to remove unfair and discriminatory practices Within the organishtion and to encourage full contribution from its diverse community. Fylde Coast YMCA is committed to actively opposing all forms of discrimination. The YMCA also aims to provide a seniice that does not discrimin3te against its Stakeholders In the means by which they can access services and goods supplied by the organisation and that all employees and clients are entitled to be treated with respect and dignity. The policy commits the YMCA to make reasonable adjustment5 to facilitate the employment of a disabled person, including: Making adjustments to premises (where reasonably practical). Reallocating some or all of the disabled employee's duties. Transferring a disabled employee to a role better suited to their disabllity. Glving a disabled employee time off work for medical treatment or rehabilitation. Relocating a disabled employee to a more suitable office. Providing training or mentoring for a disabled employee. Supplying modified equipment, instruction and training manuals for disabled employees,, or Any other adjustments that Fylde Coast YMCA considers reasonable and necessary to provide such adjustments within the financial means of the organisation. Rlsk Management The organisation has live rlsk registers that are updated regularly and are reviewed by Trustees at each board meeting. The registers follow guidance set out by the Charity Commission. In addition, each operational directorate carries its own risk register which is managed by the Senior Management Team and is updated regularly. As it stands, the main risks remain flnanclal. However, the positlon remains posltlve and provides a good base to grow the charities impact. Active management of the various income sources will continue to ensure that sufficient working capital is available to the charity and its subsidiary company. Objectives and Activlties ObjectSves The charity's objectives arise from the acceptance of the 'Basis of Union, adapted by the YMCA in 1973, that is to say: "The YMCA seeks to unite those unto, regarding Jesus Christ as their God and Saviour according to the Holy Scriptures, desire to be his disciples in their faith and in their life, and to associate the efforts for the extension of his Kingdom". FYLDE COAST YMCA TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 Any difference of opinion on other subjects, however important in themselves, shall not interfere with the harmonious relation of the Associations of the YMCA Movement in England and Wales. Accordingly, the objectives of the charity are: To unite those who, regarding Jesus Christ as their God and Saviour according to the Holy Scriptures, desire to be his disciples in their faith and in their life, and to associate their efforts for the extension of his Kingdom. To lead young people to the lord Jesus Christ and to the fullness of life in Him. To provide or assist in the provision in the interests of social welfare of facilities for recreation and other leisure time occupation for men and women with the object of improving thelr condition of life. To provide or asslst in the provislon of education for persons of all ages with the object of developing their physical, mental or spiritual capacities, To relieve or assist in the relief of person of all ages who are In conditions of need, hardship or distress by reason of their social, physical or economic circumstances. To provide residential accommodation for persons of all ages who are in conditions of need, hardship or distress be reason of their social, physical or economic circumstances. iv vil Actlvity The trustees have pald due regard to guidance issued by the Charily Commlssion In declding what activities the charity should undertake. To achieve the objectives of the Association, the Association will work within the following framework. Vision Statement The vision of Fylde Coast YMCA is of communities where all young people can thrive. Mission Statement The mlsslon of Fylde Coast YMCA is to provide young people with relationships and networks so that they can be healthy in mind, body and spirit. Our values underpin the way we act, our behaviours and how we interact with each other. They provide the framework for all that we do, every day. Our values are: Respect- we act respectfully, giving all those that we interact with due attentlon and courtesy, whilst understanding differences in both belief5 and opinions. Trust-we show trust in our people, expecting that Integrity is a founding principle that underpins our actions. We encourage people to admit mistakes and trust each other to find solutions. Inclusivity- we believe that everyone should be afforded the same opportunity, reEardless of gender, age, race, sexuality or disability. FYLDE COAST YMCA TRUSTEES. REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 Service we exist to serve young people and our communities. We are committed to the positive benefitof participation, locally and in the wider world. Compassion-we will recognise that everyone, at any given point in time, is subject to circumstances, either positive or negative, and we will show empathy towards each other. Key Strategic Prlorltles A new 'Growing Quality, strategy was formally adopted in December 2023 and identified 4 key priorities: l. Business Resilience To develop a financially robust organisation that has effective and efficient proce55es to support high quality delivery. People- To make Fylde Coast YMCA a great place to work where staff are given the chance to develop. 3. A55et5 To move towards a financially and environmentally sUStatnable property portfolio that allows for the delivery of our core services. 4, Brand & Communicatlons - To increase the awareness and support of YMCA'S social good within our own people and our local communities. Core work areas remain as: Housing Leisure Outdoor Education In all the work we do, we ask ourselves, 'how can we use our resources to deliver great YMCA work,, That is to provlde young people with opportunities and services that help make a difference to their lives. The following is a summary of the strategic approach to each of these activiiy areas. Housing.. YMCA Housing programnies are designed to help people secure and maintain a safe place to stay by supporting them to overcome periods of personal crisis and helping them to move into employment, education and training. In recognising the importance of a secure home, Fylde Coast YMCA aims to: increase access to affordable & appropriate accommodation. focus on those in housing need, with young people & families being a priority. develop a psychologically informed approach to delivering our work. work with others in the reduction of homelessness & in meeting identified need5. achieve high quality standard5. Leisure: YMCA Leisure services are designed to help people to be physically active, support people who have, or are at risk of, developing long term physical and rnental health conditions, as well as encouraging young people to get involved in sport. FYLDE COAST YMCA TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 The key strands of our Sport. Health & Leisure activities aim to: Provide affordable and quality provision for all members of the surrounding community, allowing them to reap the benefits of being physically active. Ensure that barriers to participation are removed and that physical activity opportunities are available to all regardless of cost, time, lack of awareness, negative perception or self-image. Ensure that our partnersview Fylde Coast YMCA as their preferred provider of physical activity Interventions. Continue to raise awareness of our community approach to sport, health and leisure, welcoming all so that they can enjoy the benefits of an active lifestyle. Outdoor Education.. YMCA Outdoor Educatlon programmes are designed to inspire young people to aim high and set goals for the future, increase confidence, personal resilience and respect of others and improve learning, skills, education and employability. Our outdoor education facilities and programmes aim to: Encourage, develop and inspire young people through a holistic approach of experientlal learning in the outdoors. Focus on the provision of a high quality school residential offer and activity days camps for children. To develop a sustalnable business model based on sound strategic and operational good practice. To enhance our national reputation for best practice in delivering excellent client seniices, safe systems and excellent quality assurance. Proactively contribute to the immediate environment in a positive way through the reduction of our carbon footprint, minimising waste and best use of recycling materials. Centres of operatlon Fylde Coast YMCA operates the following facilities: Leisure and Community Centres: St. Annes YMCA: a large community activity centre providlng a range of communitv programmes and fitness facilities. Lytham YMCA: an indoor and outdoor sports facility set within 12.2 acres of land, providing a ra nge of fitness facilities William Pickles Playing Fields.. a 7.5 acre site containing football pitche5 and a pavilion. The prime purpose of the site is to provide young people with the opportunity to play and develop through football within a quality facility. FYLDE COAST YMCA TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 St. Annes YMCA Pool & Gym: A wet side and dryside centre situated on the sea front In St Annes- managed on behalf of Fylde Council. Thornton YMCA Sports Centre: Large drysTde sports centre includlng fitness facilities, bowling alley, skate park and squash courts- managed on behalf of Wyre Council. Fleetwood YMCA Sports Centre: A wet and dryside Centre situated on the sea front in Fleetwood - managed on behalf of Wyre Council. Poulton YMCA Fitness Centre: A wet and dryside facility with swimming pool, and fitness facllltles- managed on behalf of Wyre Council. Garstang YMCA Sports Centre and Swimming Pool: Provides a range of activities for the rural community Wyre- managed on behalf of Wyre Council. Housing & Community Centres: Lofthouse Building: Based in central Fleetwood the centre provides a range of community space and facilities. Outdoor Education Centres: Lakeside Outdoor Education Centre: The largest outdoor education centre in Europe, situated on the shores of Lake Windermere in the heart of the English Lake District. Privately Managed Properties for Targeted Groups: 70 Units in Fylde Borough Supported Housing Schemes: Fielden House: A 19 bed Foyer scheme within central Fleetwood Harbour House: A 12 bed foyer scheme situated in Lytham 113 London St: 5 bed move-on accommodation in Fleetwood Wyre Counci5 facilities: As detailed above, being facilities at Fleetwood, Thornton, Poulton and Garstang. FYLDE COAST YMCA TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 STRATEGIC REPORT Achievement, Performance and Plans The year to 31$1 March 2024 is seen as a success foithe charity. It outperformed on its operational budgets, growing income in excess of predictions whilst managing expenditure, despite a difficult economic background Including rising interest rates and the energy crisis. A new 'Growing quality, strategy was agreed by the Trustees, and this will provide the framework for the direction of the charity over the next few years. If the charity successfully delivers on this strategy, then it is believed that the organisation will strengthen its posltion whilst also delivering more impactful work to its beneficiaries. A new brand was adopted and implemented during 23/24, using guidelines and assets provided by YMCA National Council. As part of the Brand and Communlcations strategic goal, a rollout of completely revised websites has begun, with the leisure website having gone live In December 2023. The charity also registered with Ofsted in 2023, as a regulated provider of supported accommodation. In 2023124 / We grew our lelsure membership numbers and exceeded income targets. O Recorded Imillion visits to our leisure centres. O Delivered 50,000 key stage 2 swimming lessons. O Offered more than 2,600 free swimming memberships to the Fleetwood Community. / Gave hundreds of warm meals to local residents over the winter period. O Worked with 98 children with emotional health and wellbeing needs via our EHWB programme. / Housed 99 young people in our homeless supported accommodation. O Provided 29 young people with affordable accommodation. Delivered 823 hours of counselling to adults. O Gave over 20,000 hours of support to formerly homeless young people. O Delivered inspirational outdoor education programmes to over 7,000 young people. Financial Review The results for the year show a deficit of £468,519 (2023 £401,494}, bein8 a deficit of £389,775 on unrestricted funds and a deficit of on restricted funds of £78,744 relating to grants spent from prior years. The overall deficit has been deducted from the fund balances brought forward and total funds of £3,855,797 (2023: £4,324,316) will be carried forward to next year. The total restricted funds amount to £2,444,013 {2023: £2,522,757) and unrestricted funds amount to £1,411,784 {2023: £1,801,559>. Unrestricted funds include designated funds of £226,465 {2023: £233,397>. FYLDE COAST YMCA TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 Included in the deficit are non-cash items, such as depreciation on building5 purchased in prior years which do not impact on cashflow. The trustees and executive team continue to monitor the financial POSltion on a regular basis, to ensure that the various sites are supported by cashflow. Typically, expenditure has been negatively impacted by the continuing high costs of energy, though they did begin to 5tabilise in-year and new tariffs have been contracted to provide a degree of Security. Rising interest rates have also had a significant impact, contributing more than an additional £95,918 to expenditure. However, income has grown consistently, and actions have been taken on operational areas that have presented losses year after year, including the sale of the YMCA building in Lancaster. The overall cash loss is much less than was budgeted and actions taken by trustees and the executive team are showing a positlve impact, with the charity building on the stability reported in 22/23. It should be noted that net cash inflow from operating activities rose by £183,232 when compared to 2022123 and totalled £273,207 for the year. The view is that these figures support the notion that demand for YMCA charitable activities remains strong. As reported previously, trustees have decided to Sell its leasehold interest In North Camp at YMCA Lakeside, wlth sales proceeds being used to clear borrowlng with Charity 8ank and Invest further in its operations at South Camp. This sale will materially reduce expenditure whilst having no impact on the ability to deliver the scale of its seNices from the south end of YMCA Lakeside. It is hoped that a sale will be concluded in Summer/Autumn 2024. Fylde Coast YMCA recognises possible concern relating to ils participation in a defined benefit scheme and appropriate actlon has been taken. The scheme was closed to new members In 2007, and the link to final salary broken in 2011. Additional contributions continue to be made to reduce the deficit. As part of the YMCA federation, the multi-employer pension scheme is run by an independent Trustee board with employer representatlon through the Principal Employer, National Council of YMCAS. The penslon scheme Trustee obtain5 an actuarial valuation every three years and we have considered the Implications to the charitvs finances from the latest available actuarlal valuation. We have reviewed the charlty's abllity to continue to deliver its charitable objectives and include the deficit repayments. Fylde Coast YMCA benefits from the pension scheme Trustee and Principal Employer seeking suitable specialist professional advice, both to manage the scheme and in the continuing effort to explore ways of reduclng the overall pension deficit. The notes to the accounts include the accounting pollcy and further details of the deficit repayments due. Looking ahead, there are a numberof long-term contracts that are due to end in the next 6-12 months. Subjecl to the specification of tenders, Fylde Coast YMCA intends on submitting responses to these call outs as they get released. Financial modelling is also takin8 place to understand the impact of not submitting, or not being re-contracted for this work. Investment Pollcy The policy States that all reserves up to the level indicated in the reserve policy are to be held in accounts that provide immediate access but achieve the highest investment levels. Any reserves above this level are to be invested on the advice of professional advisors. FYLDE COAST YMCA TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 The Associatlon will use a variety of sources for advice, with the principal advisor being the Charities Aid Foundation. The Memorandum of the Association states that the company has the authoritv: {al Yo invest the monies of the Association, security or property as may be thought fit" {b) "To delegate to any person, company or other organisation any of the Association's powers of investment, administration or management of all or part of the money and investments of the Association." Reserve Pollcv The reserve policy of the Association is that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to three month's salary costs. PLANS FOR FUTURE PERIODS Fylde Coast YMCA aims to: To develop a financially robust organisation that has effective and efficient processes to support high quality delivery. Make YMCA Fylde Coast a great place to work where staff are given the chance to develop. Move towards a financially and environmentally sustainable property portfollo that allows for the delivery of our core services. Increase the awareness and support of YMCA'S social good within our own people and our local communities. Committed actions for 24125, include". A governance review to ensure that the charity is Structured in the best PO55ible way to deliver it5 objects. An assets review. Sale of North Camp and the clearance or reduction of loan with Charity Bank. Investment of funds into South Camp. Submission of a tender response for Supported Accommodation provislon In Wyre. Submisslon of a three year, £300,000 bid to Reachlng Communities. Submission of tender responses for leisure facility management in Wyre and Fylde. Investment in a staff benefits programme to attract and reta5n high quality staff. Trustees, responsibilities in relation to the flnancial statement5 The charity trustees (who are also the directors of the Fylde Coast YMCA for the purposes of company law) are responsible for preparing a Trustee's report and the accounts in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted AccountinE Practice). Company law requires the charity trustees to prepare financial statements for each year which give 3 true and fair view of the state of affairs of the charitable company and the group and of the incoming 10 FYLDE COAST YMCA TRUSTEES, REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED MARCH 2024 resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these accounts, the trustees are required to: Select suitable accounting policies and then apply them consistently. ObSe￿e the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable and prudent. Prepare the accounts on the going concern basis unless It is inappropriate to presume that the charity wlll continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial positSon of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the preventlon and detection of fraud and other Irregularlties. The trustees are responsible for the maintenance and integrity of corporate and financial information included on the charitable company's website. Statement of dlsclosure to audltors In so far as the trustees are aware there15 no relevant audit information of which the company's and group's auditors are unaware. Additionally, the trustees have taken all the necessary steps that they ought to have taken as trustees and directors. In order to make themselves aware of all relevant audit 5nformation and to establSsh that the company and group auditors are aware of that information. On behalf of the board of Trustees C Christou Chalrman Dated: 23, September 2024 11 FYLDE COAST YMCA INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FYLDE COAST YMCA Oplnlon We have audited the financial statements of Fylde Coast YMCA Ithe'parent charlty'} and Its subsldlary Ithe Broup'l for the year ended 31 March 2024. which comprise the consolidated and parent charity statement of linanclal activities, the consolidated and parent company balance sheet. the con501idated statement of cash flow5 and notes to the financial statements, IncludlnE sIEnificant accounting pollcles. The financial reporting framework that has been applied In their preparation is applicable law and United Kingdom Accounting Standards, including FR5 102 The Flnoncial Reporting Stundord opplicoble in the UK and Republlc of Irelond Iunlted Klngdom Generally Accepted Accounting Practice). In our oplnlon the financlal statements: give a true and fair view of the state of the 8roup's and the parent charitable company's affairs a5 at 31 March 2024 and of the group'5 intomlng resources and application of resources, for ihe year then ended,, have been properly prepared in accordance with United Klngdom Generally Accepted Accountln8 Pracilce; and have been Properly prepared in accordance wlth the requirements of the Companles Act 2006. Bas15 of opinlon We conducted our audlt In accordance with International Standards on Auditlng IUKI1SSAs UKII and appllcable Saw, Our responsibllltles under those standards are further descrlbed in the Auditor's responslbllltle5 for the audit of the flnancial statements section of our report. We are independent of the group and parent charlty In accoidance with the ethical reqtsirements thal are relevant to our audit of the financial slatements in the UK, includlng the FRC'S Ethical Standard, and we have fulfllled our ethlcal responsibilities in accordance with these requlrements. We believe that ihe audit evidence we have obtalned is sufficient and approprlate lo provide a basis for our opinion. Concluslons rel4tlng to 8olng concern In auditing the flnanclal statements, we have concluded that the tru5tee5' Use of the golng concern basis of accounting In the preparation of the linancial statements Is appropriate. Based on the work we have performed, we have not Sdentlfled any material uncertainties relaling to evenls or cundlilons that, Indivldually or colleciively, rnay cast significant doubt on the group and charlty's ability to continue as a Eolng concern for a perlod of at least twelve months from when the financial statements are authoiised for issue. Our responsibilities and the responsibilltles of the trustees wlth respect to going concern are described in the relevant sectlons of thls report. Other Informatlon The other information comprises the information included in the annual report, other than the financial statements and Our auditor's report thereon. The trustees are responsible for the other informatlon contaSned wlthln the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly slèted in OUT report. we do not express any form of assurance conclv5ion thereon. Our responsblllty 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 obtalned In the course of the audit, or otherwise appears to be materlalty mlsstated. If we identify such materlal Inconslstencies or apparent materlal misstatements, we are requtred to determine whether thls give5 rise to a mater5al mi55tatement in the financial statements themSe￿e5. If, based on the work performed, we conclude thèt there is a material misstatement of this other information. we are required ID report that fact. We have nothing to report in this re8ard. 12 FYLDE COAST YMCA INDEPENDENT AUDITORS. REPORT (CONTINUED) TO THE TRUSTEES OF FYLDE GOAST YMCA Oplnion on other matters prescrlbed bythe Companles Act2006 In our opinion, based on the work undeTtaken in the course of our audit: the information given in the Trustees, Report. whlch includes the dlrectors, report and the stTateglc feport prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consislent with the financi31 statements- and the directors, report and strategic report included withln the Trustees, Report have been Pfepared In accordance with applicable legal requliements. Matters on whlch we are requlred to report by emceptlon In the light of the knowledge and undefstandlng of the group and parent charity and Its environment obtained Sn the course of the audlt, we have not identified material mlsstatement5 in the dlrectors, report or strateglc report Included in the Trustees, Report. We have nothlng to report In respect of the followlng matters In relatlon to whlch the Companies Act 2006 requires us to report to you If, in our opln50n: adequate accounting records have not been kept by the parent charlty, or returns adequate for our audit have not been recelved from branches not vlsited by us; or the parent charlty flnancial Statements are not in agreement with the accountlng records and returns.or certain dlsclosures of trustees, remuneration specified by law are not made. or we have not recelved all the information and explanations we requlre for our audlt. Respon51b515tles of truslees As explained more fully in the statement of trustees, responsibilitles, the trustees, who are also the dlrectors of the group and parent charlty for the purp05e of company law. are responsible for the preparation of the financlal statements and for belng satlsfled that they glve a true and falr vlew, and for such Internal control as the trustees determlne is necessary to enable the preparation of financial statement5 that are free from material mlsstatement, whether due to fraud or error. In preparlng the flnancial statements, the trustees are responslble for assesslng the group and parent charity's ability to contlnue as a goin8 concern, dlscloslng as appllcable, matters relatlng to golng concern and uslng the going concern basis of 3ccountlng unless the trustees elther Intend to Ilquidate the charitable company or to cease operations, or have no realistlc alief native but to do so, Audltors, reSPODslbllltles for the audlt of the financlal $tatements Our objectives are to obtaln reasonable assuran￿ about whether the flnanclal statements as a whole are free from material misstatement, whether due to fraud or eiror, and to issue an auditor's report that includes our opinion. Reasonable assurance Is a high level of assurance, but is noi a guarantee that an audit conducted In accordance with ISAS {UKI will always detect a material mlsstatement when it exlsts. Mlsstatements can arise from fraud or error and are considered material if, indlvldually or in the aggregate, they could reasonably be expected to influence the economic declsions of users taken on the basis of these ftnancial Statements. IrreEularities. includlng fraud, are instancÈ5 of non-compliance with laws and regulations. We desi8n procedures in line with our fespon5ibllitles, outlined above, to detect material misstatements in respect of if re8ularitles, Includln8 fraud. The extent to which our procedures are capable of detecting Irregularities, includlng fraud, Is detalled below. As part of our plannlng process: we enquired of management the systems and controls the company and group ha5 in place, the areas of the financl31 statements that are most susceptible to the risk of Irregularities and fraud. and whether there was any known, suspected or alleged fraud. Management did not inform us of any known, suspected or alleged fraud. 13 FYLDE COAST YMCA INDEPENDENT AUDITORS. REPORT (CONTINUED) TO THE TRUSTEES OF FYLDE COAST YMCA we obtained an understanding of the le8al and regulalory framework5 applicable to the company and group. We detèrmlned that the followlnE were most relevant: Charities SORP {FR51021 and Companies Act 2006. we considered the incentlves and opportunitie5 ihat exist in the company ènd group, including the extent of management bias, which present a potential for Irre8ularltles and fraud to be perpetrated, and tailored our risk assessment accordin81y. using our knowledge of the group companyi together with the discussions held with management at the pl8nnlng stage, we formed a conclusion on the rlsk of misstatement due to Irregularities including fraud, and tailored our procedures atcordlne to this risk assessment. The key procedures we undertcK)k to detect irregularities including fraud during the course of the audit included. Identifylng and testlng Journal entrie5 In the overall accounting records. In partlcular those that were Sl8niflcant and unusual. revlewln8 the flnanclal statement discI￿ureS and determining whether accountln8 pollcies have been approprlately applled. reviewing and challenglng the assumptlons and judgements Used by management in their slgniflcant accoulltin8 estlmates, In particular in relatlon lo depreciation, leasehold property valuatlon and restrlcted funds. assesslng the extent of compllance with the relevant laws and re8ulations. testing key revenue streams. in partlculaf Cut-off and recoverability for evldence of mana8ement b5as, obtalnlng thlrd party conflrmatlon of material baftk b3lances and loons. documentlng and veTlfying all signlficant related party transaclions and balances. There are Inherent Ilmltatlons In our audit piocedures described above. The more removed that laws and regulations are from flnancial transactions, the less likely St Is that we would become aware of non-compliance. Audltlng standards also IlmSt the audit procedures requSred to identify non-compllance with laws and regulations to enquiry of the directors and other management. and the Inspection of regulatory and legal correspondence. Materlal mlsstatements that arlse due to fraud can be harder to detecl than those that arlse from error as they may Involve dellberate concealment or colluslon. A further descriptlon of our responslbilitles for the audit of the financial statements is locaied on the Financial Reportlng Council's webslte at: http:Ilwww.frc.org.uklauditorsresponsibililies. Th15 description forms part of our audltor's report. Use of our report This report Ss made solely to the charitable company's members. as 3 body, In accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audlt work has been undertaken so that we might state to the charitable company's members those matlers we are requlred to state to them in an audltors, report and for no other purpose. To the fullest extent permltted by law. we do not accept or assume responsibility to anyone oiher than the tharltable company and the charitable company's members as a body. for our audit work. for thls report, or for the opinions we have formed. Deborah Thorn FCA Isenior Statutory Audltor) for and on behalf ofchamplon Accountants LLP Chèrtered Accountants ond Statutory Auditor Unit 2 Olympic Court Boardmans Wav Whltehi115 8usiness Park Blackpool, Lancashire FY4 5GU Date: 23rd September 2024 14 FYLDE COAST YMCA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Cuffent financial year Reslricted Income Funds Unrestricted Funds Tolal 2024 Total 2023 Notes Incomlng iesourc8S Incomlng ¥esourcos from gonèrated funds: Voluntary income.. Donatlons and legacles Actlvltles for Beneratlng funds: Canteen sples Insurance clalms Investment Income 11Q019 15,000 130.019 57,617 51.382 18.097 18.366 202,863 51.382 18,OY7 18,36S 217,863 56.822 440.569 7,537 562.545 15,000 Incomlng resourcès from charliable actlvltles: Actlvlly ￿nIreS Community facilltles Soclal housing 6,195,671 206,836 1.047.692 325,693 76.728 31,377 6.S21,264 283,564 1,079,069 5,812,359 300,614 1.051.907 53.062 448,698 8,101.780 7.727,425 Other Income Coronavlrus lob Retentlon Scheme Total IncomSng resources 7,653,062 448.698 8,101,760 7,727,425 R8sourcès OX nded Costs ol generatlng funds: Canteer) cost of sales Equlpment for resale 11,362 32,969 37,377 37.377 Sub total ¢081 of generaling funds 37,377 37.377 44,331 Charltabl8 acllvltles 8.022.369 527,442 6,549,811 8,011,151 Governance costs 13.350 ,035.719 13,350 8,663,161 13,000 ,024,151 527,442 Total resourcès expènded 8,073.096 S27,442 8,600,538 8,068,482 Nèt Incomlngl{outgolngl resouices lor the yèar befoie transfers 1420.034) {78,744) (498,778) (341,057> Transfers between funds (420,034) 178.7441 (498,778) (341,057) Other recognlsed galns and losses Penslon deflclt (lossl18aln re changes In assumptlons 5,9 5,996 16.403) ILossesllgalns on Investments 24,266 24.266 (54,034) Nel Incomal(gxpendlturol for the yearlNgl movement in lunds 1389,773) (78,744) 1468,517) (401,494) Fund balances at l Aprll 2023 1,801.559 2.522.757 4.324.316 4,725.810 Fund balances at 31 March 2024 16 1,411.786 2.444.013 3,855,799 4.324.316 The statement of flnancial activities includes all galns and losses recognised In the year. All Income and expendlture derive from continuing actlvilles. The statement of financial actlvlties also complies wlth the requirements lor an income and expenditure account under the Companies Act 2006. 15 FYLDE COAST YMCA STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Prfor flnancial year 31 March 2023 Restrlcted Incomè Funds Unrestrlcted Funds Total 2023 Notes Incomlng resources Incoming resources from generated funds: Voluntary income: Donatlons and legacle5 Actlvltles lor generatlng funds: Canteen sales Insurante clalms Investment Income 27,617 30,000 57,617 56,822 440,569 7,537 532,545 56,822 440,569 7,537 $62,545 30,000 Incomlng resources from charltabl8 actlvltles: Activity centies Community facilities Soclal housin S.489,354 212,858 1.012.240 323,005 87,756 39,667 6,812,3S9 300,614 1,051,907 7,246,997 480.428 7,727,425 Other Income Coronavirus Job Relenllon Scheme Total Incomlng resources esources ex 8nded Costs ol genoratlng lunds: Canteen c05l of sales Equlpment foi resale 7,246,597 480,428 7,727,425 11,362 32.969 11,362 32,969 Sub lolal cost of generallng funds 44,331 44.331 Chaillabl8 acllvltl8s 7,453,026 558,125 ,011,151 Governan¢e ¢o$t$ 13,000 7.466,026 13.000 .024,151 558.126 Total resources expended 7,510,357 558,125 8,068.482 Net In¢omlngl{oulgolng} resources for the yèar bolorè trangf¢ryJ (263.360) {77,6971 1341,057) Transfers between funds (263.360) 177,8971 1341.057) Other recoBnlsed 8alns and losses Penslon deflclt galn re chan8es In assumptlons (6,403) {6.403) Galns on Investments (54,034) (54.034) Net Incomellexpendlturo) for the yearlN8l movement In funds (323.7971 177,6971 (401.494) Fund balances at l Aprll 2022 2,126.356 2,800,454 4.725,810 Fund balances at 31 March 2023 16 1,801,559 2,522,757 4,324,31fj The statement of fin3nclal activities 5ncludes all galns and losses recognised in the year. All income and expendlture derlve from continuing activities. The statement of financlal actlvlties also complies with the requliements for an Income and expendilure account under the Companles Act 2006. 16 FYLDE COAST YMCA GROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Current flnandal year Rèstrlct¢d Income Funds Unrestrictad Funds Tot31 2024 Total 2023 Not•s Incomlvg ro$ourees Incomln J rèsourees fmm gèn¢rat•d funds: Voluntary Income.. Donatlons aTrd leBacles Aclivltles for Beneratln8 funds.. Canteen sales Insurance clalms Tradlng income.. Lakeslde Commerclal Income Ansdell arena Rent recelvabl Investment income 79.246 15,000 94.246 54,354 61,382 18.097 61,382 18,097 56,822 440,569 333,331 11,920 3,093 19,851 333,331 11,9201 3,093 19,861 199,212 61,112 2,998 8,322 23.389 Intomln9 rosouicg¥ from ¢haillabl• actlvlll•8: Activlly centres Communiiy fa¢llStles So¢lal houslng 6,19S.671 206,836 1.047.692 32S,$93 7S,728 31,377 6.521,264 283,S64 1.079.069 5,812,359 300,614 1.051.907 7.963.279 448,698 B.401.977 7.908,269 Other Income CoronavSrus lob Retentlon Scheme Total Ineomlng r•sourc•s 7,953,279 448,698 8,401,977 7.988.269 R•souices ex nded Costs of generallng lundB: Cost ol sales Tradlng costs 62,886 271.710 62.885 271,710 64,009 238,446 Sub lolal cost of g6nerallng lund8 334,696 334,095 302,455 CharllAble acllvlll&• 8,022.369 627.442 8.649,B11 8.011.151 Gov•rn•neè cosi8 1•.360 8,038,719 16,360 8.666,161 15,702 8.026,853 527.442 Total r•source8 •xpended 8,373,314 627,442 8.900,766 8.329.308 Not Incomlnglloutgolngl r•80uf¢•8 for lh• yéar b•forg IraD818rs and laxatlon (420,0361 178,7441 149B,700) 1341.0391 Transfers between fund5 TBxatlon 18 (420,0361 17B,7441 1498,780) 1341.0571 Other re¢vBnls¢d 8alns and losses Penslon Idefic5tl Igaln re chanEe In assumptlons 5,996 6.996 {6.4031 ILosse5llgains on Investments 24.266 24,266 154.0341 Net In¢omel{&xpendllur•} lor th yearlNot movgment In funds 1389,7761 178.7141 1468.5191 (401,4941 Fund balances 41 l Aprll 2023 1.801.559 2.522.767 4.324.316 4,725.810 Fund balances at 31 March 2024 16 1.411.784 2.444.013 3.855.797 4.324.316 The 51atemenl of financlal acllvitles Irbcludes all galns and losses re¢o8nised h the year. All Income and expenditure derive from continuing ac14Vittes. The statement of financial actlvttles also complleswlth the requirements for an Income and expenditu Bccounl undei the Companies Act 2(K)6. 17 FYLDE COAST YMCA GROUP STATEMENT OF FINANCIAL AGTIVITIES {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Prlor flnancl81 year 31 Malth 2023 Restrlcfed Incomo Funds UnKestTlctgd Fund5 Total 2023 Notes Incomlng resources Incomlng re8ourcos from 9•noTatsd funds: Volunlary income.. Donations and legatlos Actlvilles for gener3tlng funds.. Canteen sales Insurance tlalms Tradlng Income: Lakeslde Commerclal Income Ansdell arena Rent recelvabl8 Invesln)ent income 24,364 30,000 $4,354 66,822 440.$69 56,822 440.669 199,212 61.112 199.212 61.112 2.994 8.322 3.38 8,322 Incornlng resources from ¢harllablg Jcllvlll•$.' Acllvlty cenlies Community facllltles Soclal houslng 5,489,354 212,858 1.012.240 7,fj07,841 323.006 87.756 39.867 480,428 6,812.359 300.614 1.061.907 7,988.269 Other Income Coionavlrus Job Relentlon Scheme Total Inromlng r$$our¢•$ 7.607.841 480.428 7,988,269 Ro8ourcos vx nd* Costs of gènaratlng funds: C05t of sales Tradlng costs 64.009 238,446 64,009 238.446 Sub lolal ¢031 of gtrnar8llng lund$ 302,466 302.4S6 Cknavltable actlvltle¥ 7.463.026 65&126 .011.161 Govornanc• co818 15,702 7.468,728 16,702 8.026,85J 668.126 Totsl 1è8ouic•8 •xpènd•d 7.771,183 558,126 8,329,308 N•t IncomlnglloulBolng} rg8ourc?¥ for lh• y04r b&for• Iran$l&rs and laxallon 1263.342) 177,697) lJ41,0391 Translers between funds Taxatlon 18 1263.360) 18 177.697) 1341,057) Other recognlsed galns and losse5 Penslon deficlt galn re change In assumptlons {6A03) 16.403) Galns on Investments 164.034) 154,0341 Net Incomellgxpendlturel lor tho ygarlNtrt mov•mont In funds 1323,797) (77,6971 1401,4941 Fund balances at l Aprll 2022 2.126.356 2,600.454 4.725,810 F￿nd bala￿ceS al 31 Mprch 2023 16 1.801.559 2.522.757 4.324.316 The siatement of financlal activities includes all gains and1055es recognised in the year. All income and expendlture derlve from contlnulng aclivitles. The statement of financlal 3ctlvlties also complie5 wlih the requlrements Iw an Income aTNf expenditure accovnl under the Companies Art 2W6. 18 FYLDE COAST YMCA GROUP & CHARITY BALANCE SHEET ASAT31 MARCH2024 Charlty Group 2024 2023 2024 2023 Notes Fixed Assets Tanglble assets Investments 11 6,353.758 66,439 6,604,132 6,359,450 87,786 66,439 6,611,197 87,786 6,420.197 6,691,918 6.425,889 6,698,983 Current asséts Stocks Investments Debtors.. amounts falllng due withln one year Debtors.. amounts falling due after more than one year Cash at bank and in hand 776,594 756,059 776.593 756,059 12 1,371,12B 1,191,802 1,334,251 1,193,205 865,932 1,082,772 900.851 1,112,080 3,003,655 3,030,633 3,011,695 3,061,344 Credltors: Amounts fallln8 due withln one year 13 2,103,521 1,708,083 2,117,264 1,745,859 Net current assets Tolal assèts lèss current liabilities Credltors: Amounts falling due over one year Provlslon for liabilities Pension liablllty 900,134 7,320,331 1,322,550 894,441 8,014,468 7,320,331 1,315,485 8,014,468 14 3,441,090 3,650,046 3,441,090 3,650,(M6 19 23,442 40,106 23.442 40,106 Net assets 3,855,799 4,324,316 3,856,799 4,324,316 Restricted funds Unrestrlctcd funds Designated fund 16 and 17 2,444,013 16 and 17 1.185.321 16 and17 226,465 2.522.757 2,444,013 1,568,162 1,18S,321 233,397 226,465 2,522,757 1,568,162 233,397 Total charity funds 3,855,799 4,324,316 3,856,799 4,324,316 The financ I statements were approved by the Trustees on 23rd September 2024. C Chrlstou Trustee Fylde Coast YMCA Company Registration No.03685477 19 FYLDE COAST YMCA GROUP CASH FLOW STATEMENT AS AT 31 MARCH 2024 Page 2024 2023 Cash flows from operatlng actlvltles C#.4h gcii¢Tated fruni opcralions 21 273,207 89.975 Investlng actlvitles InteTesl received Purchase of tangible fixed assels Salel{purchase) of fixed assel inveslmenls Inler8sI paid 19,851 (20,461) 25,079 1267.090) 8,321 (72,949) {2,353) (171,172) {242,621) {238.153) Flnancing actlville8 New bank loan New hlre Purchase advance Repayment of hire purchase Repayment of Bank loans (4,458) 1237,3571 (17,831) (266,364) Net cash used in investlng actlvltles 1241,81 S) (284,195) Net decrease In ca8h and cash equlvalent8 {211,229) (432,373) Cash and cash equlvalents at beglnnlng of year 1,112,080 1,544,453 Cash and rash equlvalents at end of year 900,851 1,112,D80 20 FYLDE COAST YMCA NOTES TO THE GROUP CASH FLOW STATEMENT AS AT31 MARCH 2024 Reconciliatlon of changes in resources to net cash inflow from operating activitlos 2024 2023 Surplusl(deficil) for the year Depreciation and impairment of tangible fixed assets Investment income recognised in slatement of financial activities {Loss)IGain on pension scheme valualion Interest paid Hire purchase Interest (498,7801 (341,057) 272,208 297,816 (19,851) (8,321) 5.995 <6,404) 266,522 169,278 570 1,894 Movements In worklng capltal Decreasel(Increase) in stocks Decreasel{Increase) In debtors I ncreasel(Decrease) in creditors Increasel(Decrease) In pension obligalion (141,046) 404,253 {16,664 164,749 (183,960> (4,020) Net cash inflow from operating actlvltles 273,207 89,975 Analysis of changes In net funds At 1 Aprll 2023 At 31 March 2024 Cash Flows Other Non-cash Cash at bank and in hand 1,112.080 (211.229) 900,851 Loans falling due within one year Loans falling due after more than one year {281,800) (3,650.046) 28,400 208,957 (253,400) (3,441,089) Obligations under finance leases (4,458) 4,458 {2.824.224) 30,586 (2,793,638) 21 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Company Informatlon Fylde Coast YMCA is a privale eompany Ilmiled by guarantee IncC￿p0[aIed in England ar￿ Wales. The reglstered office is Unlt 2, Olymplc Court. 808rdm8ns Way, Whilehills 8u5inas5 Park, B5ackpool, FY4 5GU arKI Ihe main place of business is Sl. Albans Road. Sl. Annes. Lancashife FY8 1XD. In the evenl of a windlng up. the liablllty In Trspecl of the guarantee ts Ilmiled lo £1 p8r member of the charily. A¢¢ountlng conventlon Thesa aecounls have been prepared In 8ccordance with th8 charivs MemoraNJum & Articl8s of Assoclalton, Ihe Companies Act 2006 and "Accounling and Reportin9 by Charities .' Slalemenl of Recommended Praclice applieable lo charities preparing their accouftls in accordance with Ihe Flnan¢l81 Reporling Standards applicab￿ in the UK and Republlc of Iieland (FRS 102)" las amended lor aceounling period5 Commenclng from 1 January 20191. The charity Is a Publlc Benefit Enlity as defined by FRS 102. The accounls are prepared in 8terllng. whlch is Ihe funcllonal ¢￿ttencY ol lh& chailty. Monelary amounls in these financlal stalements are rounded to th8 neare51 £. The accounls have been Pfepared under Ihe hislorKal cosl conVenI￿n. modifi8d lo indude the revaluallon of Ifeehold propertles and cErlaln financial instruments al fall value. The principal accounling policles adopled 8re sel out b81ow. Basls of eonsolldallon Th& consolldaled accounls include tho Iradlng aclivilies, assets and liabillllès ol thé p8ranl and subskliary company, Fylde Coast YMCA Tradlng Lld, in 8CLoidance with the Charilies SORP. The resulls of the subsldiary are consolidaled on a line by line basls. All inlra4JfOUP Iransacllons, balances and unrgalllsed galns on Iransacllons tse￿een group companSes afe ellminaled on con501idallon. The Ifadlng subsSdlary was sel up on Incorporation a$ part of the group and therefore nol a¢qulied. and no falr value al acquSsillon adjustment has therefore been requlred. Golng concern Al thè time of approvlng lh8 financi81 slalemenls. Ihe Truslees have a reasonable expeclalion Ihal the charity has adequale resources lo conllnue In opeialional exlslence for the forseeable fulvre. Thus the trustees conllnue lo adopt Ihe golng concern basis in weparing the financial slalements. The Iruslees hgve p(ep8red delalled profil and cash flow forecasts whkh have been updaled on a regular basis during Ihè year and in the current financial period. They have conllnued to be supporfed by l+Vyfe Borough co￿¢11 and Fyldg Borough Councll In relallon to siles thal are managed on their behall. They have continued lo seThlce eapilal ￿K1 inlerest payments on all retevanl bank borrowing. The charity is In a siable posillon and conlinu8s lo monllof cash flow and reserves lo bulky up funds lo meet obllgalions going forward. The Irusiees have been prudent and iealislic in Ihelr eslimalions and wnlinue lo moniloi via management accounls and budgels on a regular basis. Charllablè funds Unreslflcted funds are available for use at the discrelion of the Iruslees kn furtherance of Iheir charitable oblecllves untess the funds have been deslgnated fof other purposes. Restricted lunds are a(xounled lor in accordan¢e V+ilh Ihe lemis and condition5 of Ihe restrlcled Incom8 feceived. Deslgnaled lunds comprise unreslficted funds that have been set a51d8 by the Iruslees for partlcular purposes. 22 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Incomlng rg$ources Income 18 recognised when Ihe charity is legalw eniilled lo it after any perfomance cond11m￿￿ have been mel. the amounls can be me8sured reliably, il is PTrA)0{￿e thal k)come be rec£ived. Ca3h donallons are recognised on receipl. Olher donaliorbs are recogniseil once Ihe chartty has been notified of the donalion. unless performance conditions require deferral of the amount. Ineluded wllhin donations ar¥Y legacies Is Ihe sum of £35,773 {2023- £3.4091 recebvable as a gift aid donalion fcom the liading subsidi8ry ¢ownpany. Legacles are recognlsed on feceipl or othe￿￿e il Ihe chaiity has been nolified of an impending dislrlbullon. Ihe amounl Is known. and feceipl is expected. If Ihe amount is not knovm. Ihe legacy 15 Irealed as a conlingenl asset. Investment lftcome18 accounled lor as and wthen receÉvable. In￿rne Irom granls, are recognised when ihe chwity h8s enlillemenl lo Ihe funds, any ￿￿Orn8￿CL eondilions 8118ch8d lo the grants have been mel,11 is probab￿ Ihèl Ihe ￿cOMe will be recefved Ihe amount can be refIab￿ measufed and Is nol deferred. Olhef income, whlch InckKl8s subscilpllons. member8hFP charges. foLxJ aThl drlnk sales and rental incon)e.18 m88sured al Ihe fair v8lu8 ol Ihe cOns￿eration reCeI￿d or receiYable.aThJ rewe8enls amounls receivable for goods and service8. Staled n61 ofVAT where appI￿able. Donaled goods and 8ervlces are ieco9nlsed as Income when Ihe charlty has control over the ilem, any condlllons as50Cl8led wlh Ihe donaled item have been mel, Ihe receipl of economlc benefit Irom Ihe use by Ihe charily ol Ihe Slem is probable and Ihal eeonomk benefit can be mèasurod reliably. In accordonce Charilies SORP IFRS1021, the genefgtr VDlunleer Ilme Is nol recognised. Rosourc•8 •XPgnd&d Expendilure Ss recognised once Ihere is a legal or conslrucliv8 obligallon lo moke o pgymenl lo a thlrd pariy,11 Is probable Ihal Ihe selllemenl will be requiied and Ihe afftounl of Iha obligallon Can be meastjred reliabty. Expendllure 15 classified under the followlng aclfvity headKo8.'_ - co$18 ol gener4ling fund$ compfise ol Ihe cosls ol commerclal Iradlry by Ihe subsidlary Ira(ling company, lormy and dfink 00518 of Ihe ¢horily and goods lof re88le al Swimm1￿ centres. expendllure on chorilable aclivilies in¢￿dea difecl expendi1ts￿ on chorilable aclivllles and Iheii associaleil supporl ¢osl8. Support costs are those functions Ihal assist the woik ol Ihe tharity bul do nol dlfeclly undertake charilBble activilles. They Include back olfice costs ol pefsonnel, lelephone and fin8nee cosl$. The ba81s on which gupporf cosls have been 110￿{ed are ¥el out In nole 6. - goveman¢e ¢osls Indude Ihe 8lalulory audll cost8. TangSblfr fixod a$$•ts and doprèclallon Tangible fixed a38els aro ini11811y measured al cosl arvj subsequenlty moasured 01 cosl or valualion. nel ol depieclatlon and any Impaimienl103ses. Depreclalion is recognlsed so as to Wfi18 off the cosl or valuali(>n of 8ssels less Ihelr ￿81￿￿81 V81￿9 over Ihelr selul lives on Ihe Idlowlng bases:_ Nlerallons lo leasehold I￿lIdIngS Planl and machinery Flxiures, fillings and equipmenl over period ol lease 25%133.3% on eosl 10%On￿St The galn or loss arlslng on Ihe disposal of an asset Is detern￿ned a8 Ihe difference befv4Èen Ihe sale proceeds ond Ihe Cart￿n￿ value of the assel, and is Tecognised in nel incom￿(expendI1ule) lor the year. 23 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aecountlng policies (continuadl Impalrmènt of Ilxed assets Al each feporting dale, the charily reviews Ihe carrying amounls of ils langibte assets to detemilne whether there is any indication that Ihos6 assets have suffeced an impaim)enl loss. If any such indlcatlon exlsls, the te¢overable amount of the assel is eslknaled in order lo delemiine the extent of the impalrment 1035 {il 8ny}. Recoverobk8 amovnl 15 Ihe higher of lair value less costs lo sell and valuè In usè. In assesslng valu8 in use, the eslimated lulure cash llows are discounted lo Iheir presenl valu8 using a discounl iale Ihal reflecls curfenl market assessments ol the Ilme valu8 of money Ihe risks specifK lo the assel for whleh tho eslimales ol fulurè cash flows have Tr)1 been ￿1}Ust¢d. If the recoverable amounl ol an assel Is eslimaled lo ba less than ils cairy•ng amounl. Ihe Gorryln9 amount of Ihe assel 1$ ftduced lo ils iecover3ble arnounl. An Impalimenl loss is recogn15ed imm8dialety incomel (expendllure) for the yeai. Recognlsed impalrmenl10s868 are reversed W. aTrJ only if. the r88sons for the iffpaiimenl loss havo o8sed lo apply. Where an impaifrnenl Ioss 8ubsequenlly reversts, the carrylng amount of the asset is Incfeased lo the revl¥ed eslimale of ils recoveiable amount. but so Ihal Ihe in￿e8$ed carrying amount d08s not exceed Ihe cairylng amount Ihal would have been delerrnintrd had no impalrmenl loss been recognised for th8 asset In pllor years. A fevers81 ol an impairmenl Ioss is iecognised Immediately. stock8 Slo¢k$ ore valued al the lower of ￿81 and nel reallsable v31ug. Cost Is c(Nnputed on a first In firsl out basis. Cash and cash equlvalents C88h and ¢a$h equivalenls include costt In hand. deposits held al call ￿￿th banks and bank ovefdiafts. Bank overdrafts are sh¢)wn wilhln borrowings In cvrlenl liabililles. 1.10 Penslo Fyldè Coast YMG4 partkipaled In a muttl-employef defined benefit pension plan for employees of YMCA'S In England, Scolland and Wales. which was closed lo new members and accruals on 30 Aprti 2007. The Plan'8 acluary has advlsed that il is rbot possible lo separately idenlify thè assels and liabilsties relallng lo Fylde C08s1 YMCA and Ih8refoFe Iha schemels accounled lor as a defined ¢onlrlbutSon scheme. As described In note 19, Fylde Coasl YMCA h8$ 0 conlraclual obllgallon lo make pension deficit payments of £7,447 pa over the perii)d lo Apiil 202712023.. £7,986 pa lo April 2029}. and accordingty Ihls 15 shown as a Ilabillty in these accovnls. In oddillon Fylde Coasl YMCA Is Fequired to conlribule £2.373 pa (2023= £1,892 pal lo the operaling expenses of the Pension Plan and these cost$ 8r8 charged lo the Stalemgnl of FIDanclal Aellvlli88 as made. Fylde C08sI YMCA oper8les a defined conlrlbvllot) pension scheme for Ks current employees. Conlribullons ¥re Charged in Ihe accounts as they become payable. 1.11 Leasos Leases are classified as finance leases whenever Ihe lems of Ihe18350 Iransfef subslanllally all the risks and rew8rds of ownership lo Ihe lessees. All other leases are classif*d as op8r31ing leases and charged agalnsl income on a slfjalghl line basis over the lease term. Assets held under finance leases afe iecognised as assels al Ihe lower of the assets lalr value al the d81e of Inception and the present value of the mlnlmvm lease payment5. The related liability is included irb the balanco sheet as a finance lease obligation. Lease paymenls are trealed as consi51ing ol Capital and irslerest elements. Th8 inlerest is charged lo net expenditure lor the year so as lo produce a conslanl perlodio rale of inleresl on ihs remaining bal*)ce of Ihe Ilabilily. 24 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclo$ {conllnuedl 1.12 Flnan¢lal Inslruments The ehBrity has ekcled to aP￿Y Ihe prObl￿or￿S of SectK)n 11 "8awc FiThancial ffistrufflents" arn1 Section 12"Olher Flnanual InslAJments Issues" of FRS 102 to all ib financial #￿trUMentS. Finantial ins1￿MentS ofe recognlsed in Ihe charitys bJanc8 sheelwhen Ihe chariiy b￿S p*tr lo Ihe contr3¢1ual proVisiL￿5 of the inslwrnenl. FlTranclBI assets and IlabitibÈs are offset, W41h the net arno￿1$ wewled in Ihe stalements. when Ih8W8 15 a legalty enforceaNe righl ID sel off thè recLyJnised arnow)ls and lhe￿ Is an inlention lo 58WE on a net baslg or to ￿8115* the ass¢l8nd selue the IlaLllity SIM￿l3ne0U$ty. B851G llnan¢lal ossets Baslc finarcial assets. wh*h InclJil8 deblcys and c8sh and bAfik bal8rtts. In(ba￿ measured at Ir8nsaclion p￿ce Incl(*Jing 1¢ansac1￿Tr cojls ond 81e subseqvenlty carrf￿j alamortlsed ¢o$l using Ihe eveclive inleresl rnelhcrfl unless the orrarvJernenlconsUlule5 a lin3￿Ing ts3nsacUon, ￿ere IhÈ transacllon Is me8$ured 81 Ihe wesent Wdlue of t1￿ luiuvB recwpts dlscovnled at a martel raig 01 intwe¥l. Flnandal assels dAAsified BB rec•lvabl6 Mlhknoneyear we r￿1 8mortlsed. Ba8lc fiftancl81 ltsbllltle¥ BBsk financL31 Ilabllrt￿$, Indudln9 are ￿￿tIallY rtthgnl*J 8t transac￿￿) unless the $rr8nggmenl con8li¢utQ5 a ￿n3￿C￿ng IransaGlion. Whe￿ the Ilebl instrumenl is measured al the presènl V81ue of Iho luture ¥e¢elpl¥ di5counled 8t 8 matkel rale ol Inleresl. Fina￿thI liab'lilies cl85sifwl as Payable wlhln one year ar8 n¢t Amortiseis. Tfade credilois ale otyvJ8lions ￿ pay for gL￿S or servlc8S Ihal have been 3¢gulreil kn the onlinory CL)u￿6 of ¢)peralions frgm suppller6. Arnounls payable are ck858ified as ¢uirenl h"abll[l￿$lI payment Is due *ilhiTh Me year or lèss. 51 noL Ihey a16 preseTht&J as on-¢urienl11obllllks. Tfade crediiors are retty3rtl&ed Inilialty at tr8nsacU(ffi aThJ subseguenlty measured al amortlsed c0511ts5iW the ellÈcllvè Inler•sl melhod. Derecoinltlon olllnanclal Ilabllltles Flnanclal Ilabllllles are dereco8nlsed when the ch3rlty'scontr?ctual obllgatlons explrè or are dlxhar8ed ortancelled. rftlcal accountlng osllmatos and ludgem•nts In the appllcatlon ol the charlty's actoJntSn8 pollcles, the tfU5teès arè requlrtd to rnakefvd8ements, e511rnètes and assurnptlons about ihe ca¢rySng amount of assets and Ilabllltles Ihal are not readlty appaieni ffom other sourcès, ThÈ estlmaies and assoclated assurnptlons are based on h15torlcal experIe￿e other factors Ihat ¥ie consldered to be relevanl. Actual results rnay dllfer liorn Ihe5e esiirnaies. The estlmate$and underlyln8a55vmpthJTrsaie revlewed on an oneoln8ba$15. Revlsk)n5toa¢countk)g estlmates are recD8nlsed In the peflod sn whlch ihe estlmate Is ￿vISed where the revlsbn 81(ecis only ih31 perlod, or In the perlod ol the revlslon and luiure pedods Whe￿ tlie revlslon allrfis boih turreni èfié lulLlfe perlods. Crlllcal ludBements The lollowln8lud8ernenls13p3rt from those Involvlng Èsilmalèsl have had the most $18nllkani effe¢t on amwnts retO8nlsed In the Ilnanclal stalements. U5elvl economlc Ilfe of tanglble Ilxed assets The uselul ecvnomlc Ilfe ol tan¢lble flxed assp.ts Isjud￿d ar the polnt of purchase and reTrhewed at each Ilnanclal reporllng dète. The juL$6ement Is based on the tiuste55 In depth knowledBe ol he Industry In whlch Ihe charlty operate5 and ol the Indlvidual osset> As standard, the useful econornlc Ilve5 a￿ Op￿led ag sfv)wn In note i.& Impalrment of tan8lble fl¥ed assets Ateach balance sheets date, the trustees tsndertake an ase5sment ol the tarrylng amounts of Its tanglble Ilxed awts b3sed on thelr knowledge ol the assets to deiÈimlne whlehr Iherels any indkation that the a&sels have 5yflered an Imparlment loss. Where nece$5ary. an lfflpalrment charge Is recoKnlsed In Ihe Slatement ol Financlal AcUwlleJ. Key sourc•s of ssllmaiion unceFlalrty The eslunales and a88umpliorts which have a *nificant rdK ol cu8slrw a mat&tsl edfvstment to Ihe Ca￿Y1￿9 value of as5eis anil lia1￿]Il[eS are as fdlows. Impalnnenl of Ira(￿ deblor3 Al each balance sheet date, Ihe Iw5tees and their f¥)ancé tema urnlertake a review of wtslandlrwj d8btor balants$ 8nd ests'm81e which. If any. should either be impaired cf w0￿ded 3gainsl. ThiscakulabM Is based on Ihe financlal pos11￿n of Ihe cvslomÈrs. th6 hislothl speed ol paymenl any cfigolry (thscussh)ns I￿￿8￿ IhfythArity and the In 34.287 1.486 35.773 (35.7T3> 119,6781 243,790 241,14111 2,642 785 3,427 13,4091 18 18 Oonatlon PTofli before tax Tax Charge Retalned In subsldiary The aggregate of the assets, Ilat￿lItIeS and funds were". Gr05S aS5els 114,905 1114,904) 82,367 182,3661 Funds Investments other than In 5ubsldlary Movement In market valve 2024 2023 Market Value blfwd Acqu151tlons at cost Olsposal at cost Net charges and proceeds Net Ilossesl/Ealns on re￿alUatIonS In the year Marke Value a 31 March 2024 Cash at brokers Tot31 Market Valu 834,971 495,528 1,089,608 1700,7271 4,598 154,034) 834,971 8,874 843,845 {25,265) 33.125 842.831 202 843,032 t 31 March 2024 Hlstorlcal Cost at 31 March 2024 863.679 831,059 An?Iysls of Investments between lunds Flxed Asset Current Asset Deslgnated Unrestrlcted Group 2024 Group 2023 L15ted Inveslments UK Quoted flxed inteTes1 securities 776.391 776,391 747.185 Cash Balance held in portfolio 202 Z02 8.874 other Investments UK Investment Bonds 66N39 842.830 66,439 843,032 87,786 843.845 202 26 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlor)s and legoeles Charlty Group UnTeslr7cted R•strl¢¢wl Unr¢$lflcted Restrtcted lund5 lunds funds lunds Total 2024 Total 2023 Orjnations 114019 15.000 79,246 15,000 94,246 54,353 fteslficted Unfestrlcled Total 24,353 30,IYJO 54.353 Investm•nt Incom• Charlty GroLtp Unrestrlcled ReslTlcted Unro¥trl¢ted Restrl¢t•d funds funds lund$ fundg Group Total 2024 Group Total 2023 Interest Tecefved 18.365 19,851 19.861 8.322 UnrestrScled All ol the Investment Income arose In the UK. Incomlng r•$our¢•s Irorn eharllabl• actlyllles Group Totsl 2024 Gioup Tolal 2023 Unre8trl¢led Restrlctod fundi funds A¢tlYlty C•ntr•8 Svbscilptlons and char8es Swlmmln8 Charges Mana8ement Servlces Membershlps Room hlre Gfanls recelved Ilncl. Covid-19 Grants} Other Income Totalg lor A¢llvlty C•ntrn8 1,403,191 1,162,096 61,261 2.641,182 266,296 771,646 1,403,191 1,162,096 61.261 2,541,182 266,286 1,097.238 1,424,810 1,122,635 108,472 2,218,118 252,678 685,609 37 5,812,359 326,693 6.195,671 325,693 6.621.284 Communlty Fa¢llltles Sub5crlpilons and charges Grants recelved Managernent 5ervlces Room hlre Other Income Total8 for Communlty Focllllles 147,718 147.718 76.728 147,156 102,347 5,881 45,228 76.728 68.798 J20 206.836 68.798 320 2B3.564 78,728 31XJ,614 Soclal Houslng Jvbllèè Coll898S HouslnE provlslon Gran15 recel¥ed Rent/Houslng s¥pport Totals for Soclal Houslng 31.371 31,377 110,861 34,667 152,627 5,000 859,613 1,051,907 110,861 936,831 1.047,692 936,831 1,079,069 31,377 Totsl IDCOrng from tharltable acllvltles 7,450,199 433,698 7,883,897 7,184.880 Restrlcted Uniestrtcled Total 450,428 6,714,452 7,164,880 All ol the Incomlng resources aFose In the UK. 27 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tolal resoufees expended Basls ol Ilocallon Acllvity Communlty facllllles Socki Hous5 Total 2024 Totsl 2023 Goverftanc• Dlreet costs Ilocatèd to acllvllle Staff costs Dlied Premlses costs Dlrect Travel Dliect Members, Acllvltle5 txrecl Repalrs & renewals Dlrecl La*eslde caterlnB Dbrecl Telephone Dlrect Advenislng Dlrect Stationery Dlrect ITiecoverableVAT Dbied Audlt Fee Dliect E4ulpmeni Leaslng Dlrect 5undrle5 LMre£t Cleanlng & waste dlsp05al Ixrect Depreclatlon [4r￿1 Loan Inlerest Llre¢t Hlie purchase Intefest tITect Profe$51gnol Fee5 Dlrect IntÈrest on overdue tax Dlrect 3.007,886 1.342,9G4 9,212 356,086 8J6,379 259,907 100.316 6J,748 J7,3J7 436,693 110,733 112,1103 2,917 4546 24,42B 407AJI 244.785 3.504 11.006 123.814 IS26,OSO 1,699,752 16,633 )72,637 784,621 269,907 11B,074 64,560 46,697 492,16J 13.350 8.167 19.OJO 167.079 270.8J4 268,621 670 111,8S3 3,562,187 1,543,690 28.928 401.388 608,507 243,108 J14,230 58.039 21,￿6 409,942 13,(XNJ 64,97S 4,772 142,523 285.860 169,278 1,894 54,131 2,428 9.046 8.712 408 6,298 39,685 3.082 16.875 13.350 8.157 18.406 146.616 264.774 266,621 570 104,108 106 4,086 1.500 618 6.379 7,74S Support eo815 allocbled lo Ocllvlllos siafl Costs Preml$e$ ¢o¥l¥ Members, Ac¢lvltles Repalrs & renewals Telephone Stètlonery ClÈanlnB & sundrlès Pfolesslonal Fees Depreclatlon BankChafKe5 Tlme Usa8e Vsage Usaee V5age Usa8e Usage Usage uS￿e Usage 11S,308 81,909 20.349 14,456 33 136,657 96,364 222 2,400 18,611 112 125,198 78,IS7 15.819 96 2,792 17 11,857 77 114 47,142 10,190 IS,530 65,ONJ 11.612 71.412 14.369 2,536 18.gos Company Tolal Audil fee lor subsk11ary Group Total 7.J42,108.20 290.70S 916.999 13.)SO 3,000 16,360 8,$63,161 J,ooo 8,666,161 8.024,151 2,702 8,026,853 7.J42,fO8.20 290,706 916,999 Charlty 2024 Group 2024 An•ty8ls by Fund 2023 2023 Unrestdcle Restricled 8.035,719 627,442 8.$63,161 7,466,026 558,125 8.024.151 8.OJ8,719 527,442 8,666,161 7,468,728 558,125 8,026,853 Net Oulgolng Re*our¢g¥ for thè Porlod Charlty 2024 Group 2024 Are ststed alter char8lng'. 2023 2023 OpeTating least rentals Depreclatlon Costs ol stocks reco8nlsed as an expense Audltors, Remuneratlon 6,16T 270.834 37.377 13.3SO 84.075 296,050 44,331 13,000 3.825 6,157 272,207 62,886 16.350 64,975 297,816 64,009 15.702 3,825 Athlitsery VAT compliance services 7he Group avdlt remuneiallon Includes lees for the subsldlary cornpanyaudltof £3.fm12023- EI7021. 28 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trnstees Trustee travel expenses were paid amountine to £012023 . £01. None of the Trustees (or any pefsons connected with them) received any remuneration or oiher expense5 during the year. Taxatlon As a charlty, Fylde Coast YMCA Is exempt from tax on income and galns falllng wlthin the exemptions provided within variou5 relevant Taxes Acts. to the extent that these are applied to its charitable oblects. No tax charges have arisen in the charity. 10 Employeès The average monthly number of employees during the period was: Charlty 2024 No. Group 2024 2023 No. 2023 No. Management and admlnistratlon Operatlonal 26 301 26 299 28 301 28 311 327 325 329 339 Charlty 2024 Group 2024 Employmènt ¢08ts 2023 2023 Wages and salarles Social securlty Costs Pension cost5 Staff tralnlne 3.400,677 3,366,798 3,596,638 3,540,74S 174,057 190,368 187,551 204,656 38,096 55,546 41,306 58,801 48,878 74,673 49,187 75.193 3,661,707 3,687.385 3,874,682 3,879,395 The number of employees whose annual remuneratlon were £60,000 or rnore were: Charlty 2024 Group 2024 Remuneratlon band 2023 2023 No £70,000-£80,0(K) £80,000-£90.000 KÈ Man8 Èment ersonnel The remuneration of key management personnel of the group is as follows. 2024 2023 Total 272.465 287.580 29 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tanglble Ilxed 8sseis ol Ihe charity Atteratlons to Leastrhold Flxturgs. Land and Plant and flltlngs & Bulldlngs Machlnery equlpmenl Molor v•hiclo3 Total At l Apill 2023 Addltlons Dlsposals Al 31 March 2024 10.547,598 L616.320 20,461 {114,6891 10.S47,598 1.522,092 7.015 12,170.933 20,461 1114,6891 12.076,705 7.015 Dopr•clatlon Al l Aprll 2023 On DISpo￿lS Char8e loi the perlod Al 31 March 2024 4.011.929 1.550.388 1114,6891 233.221 36,981 4.245.150 1.472,680 4.485 5,566,802 1114.6891 270.834 S,722,947 632 5,117 Net l)ook volue AI 31 March 2024 6,302.448 49.412 1,89B 6,353.758 At 31 March 2023 6,535,669 65.932 2,53D 6,604,131 All assets werè hèld forthe charlly's own use* prknarlty lor dliect tharllable acuvltle Tanglbl• Ilx#d 8sÉÉts ol th• grovp Alteratlons to Leasehold Flxlur•$, Land and Plant and Ilttln9s & Bulldlnos Machln•ry •qulpm?nl Molor v•hl¢lgs Totsl Cost At l Aprll 2023 Addbtlon5 Dlsposals At 31 March 2024 10.S47.598 1,636,826 20.461 1114,6891 1,642.598 7.015 12.191,439 20,461 1114,6891 IZ,097.211 10.S47,598 7.015 Dgprecl8llon At l Aprll 2023 On D15posals CharEe for the perlod At 31 March 2024 4.011.929 1.563.829 1114,6891 233,221 38,355 4.245.150 1.481.495 5,580,242 1114,6891 272,208 5,737,761 632 6,116 Not book valu& Al 31 March 2024 6.30Z.448 56.103 1,B99 6,3S9.450 At 31 March 2023 6.535,669 72,997 2,531 6.611.J97 The dlreclors have con51deTed the value of fixed assets at 31 Marth 2024 and are sat151i?d that ihe aBgregate value of those assets Is not less than that staled In the company's accountsat the Balance ShÈet date. Included abov¢ ore èssets htld under hlre purchase contracts a51ollows: 20Z4 Plant & Mathlne 2023 ptant & Machlne Cost 59,437 Deprecl3tlon 59,437 Nèt Book Value 30 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Dgbtors Chorlly 2024 Group 2024 2023 2023 Tfade debtors Amounts due from subsldlèry undert3kk)&s oiherdebtors Oue (rom related party Pfepayfflents and acc¥ued Income 667.166 101,171 288,Y42 275,189 )8,881 818.019 44,S91 256.951 68,291 3,950 672.879 856,220 347.322 275.189 38,861 264,744 68,291 3,950 1.371,128 1.191,802 1,3J4.2S1 1,193.205 13 C￿￿51018. •mtsunt* lalllrtg du• wlthln onè year Ch•rlly 2024 Group 2024 2023 2023 Tfade credltors Taxes and 5(Kl#l securlty costs oihei credltofs Accruals and deferred Income Bank Loan Hlre purchase adv•Thces 676,74B 125,305 J96.266 652,812 263.400 701,OBS 175,330 394.214 151.197 281,799 4.458 I.708.￿3 2,117.2S4 676,111 131,20J 400,982 655.557 253,400 727,048 182,042 394,214 156,298 281,799 4,458 1,74S,859 2.103,521 14 Crédllors: amounts folllng du• eftor mor• than on• y*8r Charlty 21124 Group 2024 2023 2023 Bank Loan CBILS Loan Hlre pyrcha3e advanies 3,187.756 3.236,713 3.187.756 255.333 413.333 253,33a 3,236,713 413,333 3.441.090 3.650,046 3,441,090 3,650.046 Amcwnts du¥ gller S years by knslalrneNs 2,791.756 2.684.713 1791,756 2,684,713 The bank loan Is repayable over 25 years Iftyn March 2021 and Intere5l1s charged al 2.65% over Bank of £Th&land base fate. The loan Is secured by Iifst legal th3r£e over the leasehold Interest In the prO￿rty, and fixed and floatln8 char8es over all the assets and undertaklngs ol the charity and Ils tradln8 subsldlary. 16 Flnanelal Instrumènts CharKy 2r124 Group 2024 2023 2023 CarrylnB amounl of Ilnan¢lal Instrvmenis Debt Instrurnenls measured at atTh)rtlsed c05t Equlty Instruments measured at tost le5$ Impalimenl 3.031.132 3.114.368 3.140.344 3,189.G69 Carrylng amount of finan¢Fal Il¥bllltles Measured at amortlsed cost 4.891.799 s,2(￿.932 4.902.786 S.239.606 31 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDEO JI MARCH 2024 16 Slalement of fwnd$ ol ch8wIty ind group Curreni yeai ￿0￿Ment In lunds Balance at 1 ApTII X12J Incomlng resource81 tfansleri Resources Depre¢l4. expendedl tlon tfr tr¥nsler5 Balaneo al 31 March 2024 General roseThe 1568.162 7.653.062 I8￿35.9)3 1,185.321 D&sl9natqd lui)d Easl L85XS transfer olassels 233,a97 16,9321 226,465 Yolol unre8trl¢ted funds IWII,559 7.653,062 I&035,￿3> 16,9321 1,411.786 Rfrstrlcted lunds Lakeslde devek)pment Harbour Hou$& Facg lo fo¢¢ Foyer Sanddngham seaffe￿ Road Fylde Counselllng Servke Bla¢kPC Fylde 14ousing Dl3ablllty Fun Po Ll8a Wllks Fund Lake￿￿+ Buisary Lofthous8 EHW8 ks Partinglon Fvnd L8ncaslef ReachlThJ commun1￿e& eelty Sh8rpleg Donallon¥ Fyhle Ollers Fylde Sh8ik3 lThnovallon Fund PDS Medkal Klckslart Tralnlng L8kesld8 Cllmaie Levy Hou8Sng E Learnlrffj Lancaster Y Café Just glvlryJ Russell Klrkh8m Equlprn•ftl Lakeside Carth$ SIAnne$ Pool B8ach l.1leguard Th￿fil0n Leisure Cenlre HAF FleetsYocn alM)ut the main furKIs are set out on the follDwln8 pages. 32 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATÉMÉNTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 16 stalem&nt ol oi Charlty and group Prloi ItnaAdalytaf JI Marth 2023 Movtmènt kn lunda Intumlng ovrcg51 Iransltrs Balanc6 at 31 Mafch 2023 ¢xpèNdo(V iloTh tli transfers 2022 GBnwT•l r¢s¢ 1,891.327 7.244997 17.570.162) 1,501,162 D•¥lgnat•d lund Easl LBnc• Iransfer ¢4 oss•is 234P29 16321 233,397 Total unweBfwl¢led lund¥ 2,125J56 7,246,997 17,570.1621 16321 1.801.559 R•slrlGt•d lufid Lakeslde developmtnt Lake51de 10ke51de Trèknln8 Harbw F8C8 lo I￿8 Foyer Hsac Foye SwdrfNJh8m Sear￿d R￿3 Fyld¢ Coun$dlng SeTrke 8Lq¢lFrfxI Tomrfs F￿d￿ Hous1￿ Donallon Klthham Rural $￿a$h Sl. Annej Po DIS￿l￿Y Fun Pod Llsa Wks Fund LBk8skJ& Bu188ry La￿0818r EHW8 Mr$ P*tswlon FuTrJ Lgn¢Èsler R8achlng comrnunll BBIty Sh￿￿￿& DmaUo)$ Fyld• oii•rs Fyldo Sharks Imovallcn F¥nd PDS SocL•l Hou￿ng Tru¥t Kkksl*l Trdrlng Housin9 Support Flood rÈlief Lyih Climat• L¢¥y Ftouslng E John Flshw Fund La￿8$¢01 Y C8fé L8￿88t￿r BMS F Pwlloft L8ncasler IWF Thoml IOKI.211 122l*J21 2,OU,209 28,287 2,930 Jg) 13501 21,097 2.9JO 15m)I 115Ql 121J92 9,185 18,133 9,562 237 4,121 Its,063 I5￿8j) ,S621 12.252 237 U292 139.0 (332921 1,855 825 3,596 2J,559 4,74S 026 130.4861 2T.113 4,745 13.661 180 10,130 a4,708 17,M7 6,7¢6 45,795 160 10.3tsJ 42,603 17,217 7,091 29,639 11701 I7￿95] IL3251 129.6391 L9XJ 10,600 IJ.9061 3.849 955 10,596 3,849 12,620 ILS65 110,5961 13,8551 15,4411 113,5951 I9,(￿¥ B,8321 129,5231 139,4341 9.871 5.447 13.595 8,018 28,832 29,523 39,434 936 BeBth Iweguard Just Gmng RusseK rkham Fqu*m¢nt 936 2,000 500 Llnked Ch Jublle8 Coltage Trust 189,732 189,732 Llnked Charl Jublte Collage Twsl Y,667 150,IS41 39,902 2.600.454 480,428 1536,U31 122AWI 2.522,757 Totsl fund¥ 1,725.810 7.727,425 4 324316 Re5tr1eted Funds Restrirted fun(Is of £2￿22.7573￿ avalloble to carryforwatd INiolhÈ next finathdalyear. Infoirn#ion abo￿lhe rftaln funds re sÈi oui on thÈ l¢tlowin8Pa8es. FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Purpose5 of Restrfcted Funds Main funds: Lakeslde Development Thi5 is a faclllty known as the Stoller Campus which provides accommodation and catering facilities at the Lakeside 51te for schools. HarbourHouse A grant from LCC used for resldent's programmes. Foyer A grant from LCC to be used for resident's programmes. Sandrlngham Seafleld Road Thi5 project is In relatlon to a donation from Sandringham Trust for the benefit of YMCA football club and Seafield Road ground. Fylde Counselllng SeNlces {81ackpooll Provlslon of a counsellin8 service run by volunteers. avallable to people over the a8e of 16 In the Blackpool area, St. Annes Pool Working In partnershlp wlth Fylde Borough Councll. 5t. Annes Pwl offers a 25m swlmmlng pool and gym facilitles. It delivers aqualgym classes and swlmmlng lessons to the community throu8hout the year. Lofthouse EHWB The emotional health and wellbelng contract Is commlssloned by Lancashire County Council to deliver an earlv support service across Fylde & Wyre. The service provldes preventative and early interventlon support lo children and young people wlth low level emollonal health and wellbelng needs to enable them to manage challenges safely. lancaster Reachlng Communltles Y.'Youth Is a youth focused project designed to prevent chlldren and younE people aged 8-19 from deprived communities across Lancaster gettlng Involved In antl-soclallcrlmlnal behaviour with the overall alm of improving tlielr life chances, Fylde Otters Provldlng swimming facililies for adults wth any disabllilies. with the object of improving their condition of Fylde Sharks Provldes l-to-l swlmmlnR lessons for young people with disabilities up to 18 years of age In the borough of Fylde and the surroundlng areas. Innovatlon Fund- Pellcan Rouge The Innovatlon fund will provide small scale funds to support staff generated Ideas that wlll esther improve some aspect of our service or create sgmethin8 new. Soclal Houslng Charltie5 Trust Grant A fund from Nationwide to support tenants In soclal houslnE. Llnked Charlty- Jubllee Cottage Trust The management of a property, being retirement flats. 34 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 An8lysls of the charlty's n8t assets bolw•èn Cutsentyear Unr•8trf¢ted Funds ReStr￿l&d Funds Yotsl Fund balances at 31 March 2024 are represented by.. Tangibk 15xed asse15 Invesiments CurrentAsSÈts Credltors.. amounls falling due withln onÈ yèai Credltors:amovniS falling due afterone year Provlslons for Ilabllll￿s and ch3r8es 3.515.104 843,033 1222.102 11.957.254> 13,187,757> 123.4421 2.844.346 6.369,450 843,033 2,235.102 12,117,2S41 13,441,090) 123,4421 13,C I160,￿)} 1253,3331 At 31 Marcb 2024 1.411.786 2,444,013 3,855,799 Pllor year: 31 March 2021 Unre•trlcieO F￿dI RestilGt•d Fui)d• Total F￿Thd balances at 31 March 2023 ale repiesentèd bv.. Tan8lble flxetl a$5ets Investments Current Assets Credltors.. arnount5 falllng due wlthln orteyeèr Credltors.. arnounts fallln8 due after onev Provlslons lor Ilabllllles and char8es 986,878 813,845 2,048,334 {1,624.0581 1413,3341 140,1061 5,624,319 6.611.197 843,845 2,305.284 11,748.8681 13.6SO.0461 140.1061 256,950 {J21,8￿) 13,236.7J21 Al JI March 2023 1,801.559 2.S22,7S7 4,324,316 18 Commltm•nlg under operatlng lease8 01 the charlty At 31 March 2024 Ihe comp•iy had total mknknum lease paymenisdue vNler nty7-cancellable operatlng Sea5es as lollows: Land and Bulldln9S 2024 Oth•F 2024 2023 2023 Explry date.. In one year In two io Ilve years In over fve yeèrs 29,638 20,000 2,600 30,450 28,938 10,934 19 Penslon and other post.rotlrement bo￿1￿ com•nltmenls DelSned ¢ontrfbu¢lon 201 202a Contrlbutlons payable by the grouplor the year 41.306 58,801 Deflfted beneflt Fylde C035t YMCA partkipated In a contril￿1{1ry penslon plan provldlng defined benefits based on hnal penslonabfe pay for employees of YMCAS ITh EnKland, Scotland and Wale5. The a55etsof the YVKAPenslon Plan are held separately from thoso of Fytde C035t YMCA and 3t theye6renrt these were Invested itt Mercer ￿naMIC De-flskinÉ Solutlon. 65% matchlng portlollo and 35% in the gr¢Jwth portfollo and khroder Iproperty unlls only). 35 FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Penslon Contrlbutlons {Contlnued) Deflned beneflt Voluatl The mosl recently completed three year valuatlon was as at l May 2023. The assumptlons used which have the mDSt slgnlllcant effect on ihe results of ihe valuation are those relallng to the bssumed rates of return on assets 4.56%, the Increase In penslons In paymenl of £3.18% Ilor RPI capped at S% p.a.l and the avefage Ilfe expectancy from noimal retlrement age lof 6S) foi a current male pension of 21.5 years, female 24.0 years. and 23.1 years for male pensloners. female 25.7 years. retlilng In 20 years time, The result of the valuètlon showed that the actuarial vlaue of the assets was £103.Im. whlch represents 92% of the benefits that had actrued to members. The Pens5on Plan was tlosed to new members and future service accrual with effect from 30 Aprll 2007. Wlth the removal of ihe salary Ilnkège for benefits all employed deferred members became deferred members as from l May 2011, The valuallon prepared as at l May 2023 showed ihat the YMCA Penslon Plan had a deflcit of £9,1 mlllion. Fylde Coast YMCA has been advlsed that It will need to make monthly contrlbullons of £620.55 from l May 2024. Thls amount Is based on the current octuarlal assumpllon5 las oulllned above) and may vary In the future as 3 result of actual performance of the Penslon Plan. The current reeovery perlod Is 3 years tommenclng l May 2024. Agreed lutuie deflcll contrlbutlons have been dlscounted uslng a rate o15.3%12023 '.3%1. 2024 2023 Repayable,. Within one year 2-5 year5 After 5 year5 7,447 15,995 7,986 30,480 1,640 Total due 23,442 40,106 In addition, Fylde Coast YMCA may have further lTrabiiiiles In the event of the non-payment by other pèrtlcipating YMCAS of thelr share of the Fylde Co3st YMCA Penslon Plan's dellcll. It Is not Possible to quantify the potentlal amount that Fylde Coast YMCA maybe called upon to pay In the future. 20 Related Party Transacllons The company recelved glft ald donations from its sybsldlaryi Fylde Coast YMCA Trading Llmiled. dvrlng the year of £35,773 12023: £3,409). The amount due from Fylde Coast YMG4 TTadiFbg Llmlted at the balance sheet d3te amounted to É101.171 (2023.. £44.5911. Fylde Coast YMCA Is conne¢ted to YMCA Trust. Dljrlng the year the charity pald renl to thls Trust of E136.340 12023., £143,238). At the Balance Sheet date the amount due from the Trust Was £275.18912023'. £68.2911. 21 Capllal Commltments At the Balance Sheet date the charilable company had nol entered into any capitsl commllments.12023- NIII 22 Controlllng Party The charlly Is under the control of a 8oard of Trustee5 andls a company limited by guarantee without a Share capltal. 3G FYLDE COAST YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Llnked Charltles These flnanclal statements compilse the accounts of Fylde Coast YMCA amalgamating the followinB charities where unitlng directions have been obtained fiom the Charity Commission. Fylde Coast YMCA are operating Jubilee Cottages a5 a linked charity and as such, separate management accounts have been prepared and separate bank facillties are also In pla￿. 1074571-1 Jubllee Cottage TN5¢ Trust Deed dated 7 August 1979 as amended by scheme of the charity commlssloners daled 8 ApTII 2003 as affected by a unlling dlrecllon made under 3.96 of the Charlties Act 1993 dated 21 July 2008, amended 25 Aprll 2018 and subsequently amended by the scheme dated 9 Aprll 2019 ANALYSIS OF NET ASSETS BETWEEN FUNDS F LINKED CHARITIES Unr8strlcted Funds Restrlcted Fvnds Total 2024 Tan&lble Flxed Assets Net Current A55et5 211,056 211,056 211,056 211,056 37