REGISTERED COMPANY. I¥UMBER: 03541107 (England and Wale5) REGISTERED CHARITYNUMBER: 1076157 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR YMCA NORTHUMBERLAND Brown, March and Bowman LtIL 4 Tyne View Newcastle Upon Tyne NE15 8DE
YMCA NORTHUMBERLAND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Report of the Trustees I to 6 Independent Examfiner's Report Statement of Financfial Activities Balance Sheet 9 to 10 Notes to the Flnancial Ststements 11 to 24 Detailed Statement of Ffinancial A¢tivltles 25 to 26
REPORT OF THE TRUSIEES FOR THE YEAR ENDED 31 MARCH 2024 The truslees who are also directors of th¢ charity for the puq)oses of the Companies Act 2006. Present their report with the financial statements of the charity for the year ended 31 March 2024. The tnistees have adopted the provisions of Accounting and Reporting by Clwities." Staiement of Rornmend¢d Practice applicable to charities prcparing their accounts in accordancc with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (cffcctive l January 2019). OBJECTIVES AhlD ACIIVITIES Objectives Vdnd aims The Objects of the Association arise from its acceptancc of its founding Christian principle, the Paris Basis of 1855 in¢otporated into the National Statemenl of the Aims and Purposes of the YMCA ID England as it May bc ameJKled from time to time. Consequently, the Association is part of the Worldwide YMCA, a Christian Movcmcnt which seeks to unite those who, regarding Jesus Christ as their God and Saviour according to the Holy Scriptures, desire lo be His disciples in their faith and in their life, and to associate their efforts for the cxtension of His Kingdom. Any difference of opinion on any other matter shall not interfere with th¢ haTmonious relations of the YMCA Movement. The Association w¢lcomes, serves and works with pers(ms of all religious faiths and of none. Accordingly, th¢ objectiv¢s of th¢ A&wciation are: To advance the Christian faith. including by." a) promoting a Christian environment inspired and motivated by the life, example and teaching of Jesus Christ, wher¢ people of faith and people of none can work together for the transforn]ation of communities. and b) enabling people of a]1 ages and in particular young people, to flourish through experiencing and responding to the love of God demonstrat¢d by the life, example and teaching of Jesus Christ. 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 their condiiions of To provide or assist in the provision of education for people of all ages and in particular young p¢ople, with the object of developing their physical, mental or spirituaE capacities" To relieve or assist in the relief of p¢ople of all ages and in particular young people, who are in conditions of need, hardship or distress by reason of their sociall physical, emotional, spiritual or economic circumstances. and To provide residentia] accommodaiion for people of all ages and in particular young people, who a in nee(L hardship or th'stress by reason of their social. physical, emotional, spiritual OT economic circumstances. Public benefit The ITUStees confirni they have complied with their duty to have regard to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. We ensure that all our proeS and services work towards our primary purposc of supporting those in need and strengthening communities. This year, our focus has been on strengthening our youth programme and ensuring it is able to provide a safe and supportive environment where young people can feel safe, valued and able to thrive. Each of our programtnes are designed with accessibility and inclusivity in mind. off¢ring assistance without discrimination and being free of any fees to ensur¢ that financial barriers do not prevent anyone from benefiting from our servic¢s. Volunteers The organisation currently has a dedicated but small group of volunteers. Recognising the vital fole they Page I
play, we have prioritised expanding our volunleer programme to altract more individuals who wish to contribute their time and skills. Our focus is not only on increasing voluntcer numbers but also on establishing the support systcrns and processes needed to ensure each volunteer has a rewarding and positive experience. This includes providing comprehensive trdining, clear roles, and ongoing support, so that every volunteer feels valued and engaged in making a meaningful impact. ACHIEVEMENT AND PERFORMANCE Plans for the 2023-2024 financial year had included: Continud recruitment to the Board of Trustecs. StrengtELcning of the organisations GovcTJJance systems and procedures. Further developing earned and unrestricted incomc. Securing revenue funds to sustain the youth delivcry programmes. Growing public awareness of the YMCA'S Work with young people in Nortbumberland. Strengthening partDCtship Tclationsbips with OTganisatioDS focused on improving the lives of young people and th¢ comrnunity of Northumberland. Appointing key roles to ensure the effcctive management and development of our youth programmes. Airplay YMCA Northumberland is one of12 YMCAS nationally who are contracted to deliver this programme, running every Saturday for children and yowig p¢ople at RAF Boulmer. Airplay and Ben Clubs is the RAF Benevolent Fund's youth support scheme, providing youth club sessions on RAF stations and access to the digital platfonn Airplay Connect. developed for Children living away from stations. Growing up as part of a military family has its challenges, as parents oft¢n spend long periods away from home, and children ar¢ required to rnove school and hom¢ frequently. Aio)lay aims to address these issues by providing a safe place for youngsters to sp¢nd time with their peers. with support i)n hand if needed. Open Access Youth Provision Open-a¢¢¢ss youth provision is a cornerstone of YMCA Northumb¢rland's mission, creating a vital sanctuary for young people aged 12 to 18. Each weekday evening, from 4pm to 8pm, our sessions in central Ashington provide a welcoming environment where individuals can relax and connect with peeTS. Beyond fostering social interactions, we offer a diverse range of opportunities for personal and social development. Our programmes include collaboration with other organisations delivering support or activities to young people, volunteering opportunities, and arts-based activities in partnership with Mortal Fools theatre company. We a150 Provide culinary workshops and various infornial learning Cxperiences. Fwthennore, we engage in important dIscs]0nS covcying essential topics such as scxual health, dg and alcohol awareness, personal safety. and the development of healthy relationships. For young people facing more complex challenges, our experienced Youth WoTkers offer one-on-one support and facilitate referrals to specialised agencics, CDsuring comprehensive assistance and guidancc. Page 2
YMCA NORTHUMBERLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Transactions and financial position The statement of financial activities shows a net dcficit of £22,984 (2023 - £37,207 SLuplus). At the balance sheet date, r¢scrves amounted to £330,515 (2023 - £353,499) of which £33,274 (2023 - £54,500) was subjcct to rcstriction, £200,000 (2023 - £200.000) designated and a further £330 (2023 - £660) represcnted by illiquid &ssets. Thc free rcscrves of thc charity amounted to £96,911 (2023 - 98,339). The clwity's results are materially affected by actuarial adjustments to the valuation of the p¢nsion plan dcficil details of which can be found in Notc 18 to the Financial Statements, which have no day-to-day impact on the charity's financcs. Ignoring the impact of these JUstments thc charity's net dcficit for the year was £22,240 (2023 - £33,663) and free reserves at the balance sheet date amount¢d to £112,382 (2023 - £116,904). Grants, donations and other financial support The Association sustains its operations through a diverse array of income streams, each playing an imEK)rtant role in advancing its mission. Primarily, rental income from its facilities contributes significantly to the organisation's financial foundation, providing a stable and reliable source of funds. In addition, the charity benefits from the generosity of grant-making trusts, receiving vital donations that directly fuel the impactful delivery of its programmes and initiatives. This multifaceted approach to income generation ensures the financial viability of th¢ Association and also reflects a strategic and resilient model that fortifies its commitment to making a positive and lasting impact on the community it serves. Reserves Policy YMCA Northumberland keeps a reserve fund for use at the discretion of the Board of Trustees in the furtherance of the organisation's objectives. The Board of Trustecs recognises thc need to ¢stabli5h a level of reserve that.. enables financial stability. provides for items of major expenditure on a planned basis. a¢ls as a cushion against fluctuations in income levels and in the financial perforniance of the YMCA'S activities. provides for contingencies and unforeseen events. It is not neSSary to include provision for majoT interruptions to the work of the organisation caused by significant damage to the buildings as provision for this is included in its insurance policy. Throughout this period, the Trustees will continue to maintain an ongoing res¢rve of between three and six months of the next year's anticipated gross wenue costs, disregarding any exceptional one-off items of capital expenditure for the purposes of this calculation. The Board of Trustees will review this policy, and the position with regard to present reserves, every year during the development period. Page 3
YMCA NORTHUMBERLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity IS Collstitsted as a company limited by guaralltee and is, therefore, governed by a Memorandum and Articles of Association. Appointment of directors Appointment of directors is governed by the Memorandum and Articles of Association, which authorise the con]mittee to appoint new members to fill vacancies that arise during the year and to appoint individuals to the Board who are sympathctic to the Aims and PuOseS of YMCA Northumberland and who have professional and personal skills that wkll contribute to the lif¢, work and development of the organisation. Organlsation and management At 31 March 2024 th¢r¢ weTe ten employ¢es of the Association. Of these two were full time paid staff and seven were part tini¢. Ther¢ were al80 a number of volunteers attached to the Association. The directors review all polici¢s and procedures adopted by the or8anisation on a cyclical b&gis. During the year they have paid specific attention to: Staff supervision, Re¢ruitsnent, Lone Working, ICT, Saf¢guarding children and young people, holiday entitl¢m¢nts, personnel, Safety, harassment, disability, smoking in the workplace, health and safrty. salaries, redundancy, confidentiality, use of illegal drugs and substances, equal opportunities, volunte¢rs, staff cod¢ of conthict, financial protocols. gnevance and discipline. Key Management Remuneration Key management remuneration is s¢t at th¢ discretion of the trust¢es. Risk Management The directors have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provid¢ reasonable assurance against fraud and error. The directors have assessed the major risks to which the Charity is exposed and are satisfied that systems aTe in place to mitigate YMCA Northumberland's exposure to major risk. Page 4
YMCA NORTHUMBERLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTIL4TIVE DETAILS Charlty name., YMCA Northumberland Charity registratlon number: 1076157 Company registration number: 03541107 RegAstered office and Operational address.. Central Office YMCA Nortb View. AShingtO Northumbcrland, NE63 9XQ Dlrectors The directors who served duTing the year w¢r¢ Mrs S Johnson- Chairp¢rson Mr S Appleton - Treasurer Ms C Groombridge Ms S Slater Mrs M Richardson Mrs A Gibson- Resigned December 2023 Key Management Personnel Mr R Cox - Chief Executive and Company Secrctary Independent Examiner Brown, March and Bowman Lt(L 4 Tyne View, Newcastle Upon Tyne, NEI 5 8DE Bankers CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Solicitors Ward Hadaway, 102 Quayside, Newcastle upon Tyne, NEI 3DX Page 5
YMCA IYORTHUMBERLAND REPORT OF THE TRUSTEES FOR THE YEARENDED 31 MARCH 2024 STATEMENT OF TRUSTEESI RESPONSIBILfTIES The tniste¢s (who are also the directors of YMCA NortbumbeTland for the purposcs of company law) are responsible for preparing th¢ Report of th¢ Trustees and the fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GeDeTally Accepted Accounting Practice). Company law requires the trustees to prepare fiDaDcial statements for Cach financial year wbicb give a truc and fair view of thc State of affairs of the charitsblc company and of thc incoming resources and application of resources, including the income and expenditurc, of the ckwitable company for that pcriod. In preparing those financial statements, the trustees are required to s¢lect suitable accoilllting policies and then apply them consistently. observe the methods and Principles in the Charity SORP. mak¢ judgements and ¢stimates tbat ar¢ reasonable and prud¢nt' prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees ar¢ responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the fancIal position of the charitable company 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 charitable company and hence for taking ieasonable steps for the prevention and detection of fraud and oth¢T irregularities. Approv¢d by order of the board of trustees on 27 November 2024 and signed on its behalf by". <s S Johnson - Chairperson Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YMCA NORTHUMBERLAND Independent examiner's report to the trustees of YMCA Northumberland ('the Company I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of thc Company (and also its diTe£tor3 for the purposes of company law) you are rcsponsible for the preparatlOD of the accounts in accoTdancc with the requirements of the Companics Act 2006 ('the 2006 Act,). Having satisficd myself that thc accounts of the Company are not requircd to b¢ audited under Part 16 of the 21K)6 Act and are eligible for indcpendent Cxarninatio I rq)ort in respect of my examination of your charity's accounts as Cal¢d out under Section 145 of the Charities Act 2011 ('thc 2011 Act?. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) 0)) of the 2011 Act. Independent examiner's ststement The charity's gross income does not exceed £250,000. therefore the independent examiner is not required to be a membeT of a listed body. I can confimi, however, that I am qualified to undertake an independent examination. as l am a member of the Certified Public Accountants Association, which is one of the listed bodies. I have completed my examination. I confirn) that no matters have corne to my attention in connection with the examination giving me Cause to believe: accounting records were not kept in respect of the Company as required by Seclion 386 of the 2006 ACL or the accounts do not accord with those records" or the accounts do not comply with th¢ accounting requirements of Section 396 of the 2006 Act other than any rcquirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination" or the account5 have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of th¢ accounts to be reached. Paul Andrew Brown (CPAA) Certified Public Accountants Association Brown, March and Bowman Ltd 4 Te View Newcastle Upon Tyne NE15 8DE Page 7
YMCA NORTHUMBERLAND STATEMENT OF FINANCIAL AcfIviTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total Unrestricted Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 5.284 5,284 5,150 Charitable activities Core Activities As LTO 166,949 58,631 225,580 269,543 Other income Total 175 234 014 275 917 EXPENDITURE OIY Charitable activities Core Activities As LTO 177,141 79,857 256,998 237,716 994 Totsl 177 141 256 998 238 710 Nel gains on investments NET INCOME Transfers behveen funds (1,758) (21.226) (22,984) 37,207 15 Net movement in funds (1,758) (21,220 (22,984) 37207 RECONCILIATION OFFUNDS Total funds brought forwaTd 298,999 54,500 353,499 316292 TOTAL FUISDS CARRIED FORWARD J7.241 JLL4 330515 The notes form part of these financial statements Page 8
YMCA NORTHUMBERIANL D OIEGISTERED NUMBER: 03541107) BALNCE SHEET 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangiblc asscts Invesl]ncnt pro 9,392 18,784 10 209,392 218.784 CURRENT ASSETS Debtors Cash at bank and in hand 13,367 148 591 16,817 168 752 161,958 185.569 CREDITORS Amounts falling due within one year 12 (25,364) (32,289) NET CURREiYf ASSETS 136594 153 TOTAL ASSETS LESS CURRENT LIABILITIES 345,986 372,064 PROVISIONS FOR LIABILITIES 13 (15,471) (18,565) NET ASSETS 330 515 FUM)S Unrestricted funds: G¢n¢ral fd Fair valu¢ reserve 15 97,241 200 000 98,999 200.000 297 241 298 999 Restricted funds 33 TOTAL FUNDS 330 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Sec1ion 476 of the Companies Act 2006. The notes fonn part of these financial statements Page 9 continued...
YMCA NORTHUMBERLAND (REGISTERED NUMBER: 03541107) BALANCE SHEET- continued 31 MARCH 2024 The tnistees acknowledge their responsibilities for ensuring that the charitable company kccps accounting rc¢ords that comply with Sections 386 and 387 olthe Companies Act 2006 and (b) preparing financial statements which givc a true and fair view of the state of affairs of thc chaTiLqblc company as at thc cnd of cach fmaDcial year and of its surplus or deficit for cach financial ycar ID accordance with the requirements of Sections 394 and 395 and which otherwise cOpIY with the r¢quirem¢nts of the Companies Act 2006 T¢lating to fmancial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordanc¢ with tbe provisions applicable to charitable companies subject to the smdl companies regime. The fmancial statements were approved by the Board of Trustees and authorised for issue on 2tNovemlxr 2024 and wer¢ signed on its behalf by: (a) rs S Johnson - ChaiTperson pp eton - Treasurer The notes forni part of these financial statements Page 10
YMCA NORTIIUMBERLAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ElED 31 MARCH 2024 ACCOUNTDIG POLICIES Basis of preparing the flnancla] statements The fmancial statements of the charitsble company, which is a public benefit entity under FRS 101 have been prepared in accordancc with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I02) (effective l January 2015),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. The presentation currency of the financial statements is the Pound Sterling, rounded to the n¢est Pound (£). Going concern At the date of approval of these financial statements, the trustees have a reasonable expectation that th¢ charity has adequate resources to continu¢ for the foreseeable future and as such the financial statements ar¢ prepared on the going concern basis. Ineome All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be me&gured reliably. Expenditure Liabilities are r¢cognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in s¢ttl¢ment and the amount of the obligation can be measured reliably. Expenditure is accounfrd for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Wher¢ costs cannot be directly attributed to particular headings they have been alloca*d to activities on a basis Consistent with th¢ use of resources. Tangfible fixed assets Depreciation is provided at the following annual rates in OTder to write off each asset over its estimated USefi life. Short leasehold Plant and machinery in accordance with the propety 25% on cost Investment property Investment propety is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. In accordance with Section 16 of FRS 102 no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and Thot for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view. Page 11 continu¢d...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTll¥G POLICIES- contlnued Taxation Thc charity is exempt from coryoration tax on its ch7t&bIC activities. Fund accounting Unrestrictcd fund8 can be used in accordance with the charitablc objectives at the discretion of the ttustees. Rcstiicted funds can only bc used for particular restricted purposes within thc objccts of the clwity. Restrictions arise when sp¢cified by the donor or when funds are raiscd for particular rcstricted purposes. Pension ¢05ts YMCA Northumberland participated in amulti-employer defmed benefitpension plan for anployees of YMCAS in England, Scoiland and Wales, which was closed to new m¢mbers and accruals on 30 April 2007. Due to insufficient infornlatio the plan's actuary has advised that it is not possibl¢ to separately identify the assets and liabilities relating to YMCA Northumberland. As described in note 18, YMCA NothwnlVId has a contractual obligation to make pension deficit Payments of £3,094 (2023 - £3,094) per annum over the paiod to April 2029, accordingly this is shown as a tiability in these a¢UntS. Ln addition. YMCA Northumberland is required to contribute £733 (2023 - £733) per annum to the opeTating expenses of the Pension Plan and these costs are charged to the Statement of Financial Activities as made. Debtors Trade and other debtors (including prepayments) aTe recognised atthe settlernent amount due or amount prepaid net of any tradc discounts. Cxsh at bank and in hand Cash at bank and in l]and includes cash and short temi highly liquid invtments. Creditors Trade and other creditors (incjuding accruals) are recOlsea wherc the charity has a prcsent obligation rcsulting from a past event that will probably result in the tr]sfer of funds to a third party and th¢ amount due to settle the obligation ran be measured QT timated r¢liably. Creditors are recognised at tb¢ir settl¢ment amount net of any trad¢ discoiints. Financial instruments All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently m¢asur¢d at th¢ir settlement valu¢. Page 12 continue(L..
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ElED 31 TrL4RCH 2024 DONATIONS AIYD LEGACIES 2024 2023 Donations INCOME FROM CHARITABLE ACTIVITIES 2024 Core Activities 2023 Total activities Property income Cafe income Grants 101,506 3,165 120 909 91,840 2,893 472 463 During the previous fmancial year, YMCA Northumberland, acting as the Locally Trusted Organisation, administered funds on behalf of Cell Big Local. Included within Income from Charitable Activities for the ycar cnded 31 March 2024. Grants received, included in the above, are as follows: 2024 2023 Northumberland County Council Northumberland Children's Trust Children's North East Cell Big Local Sir James Knott Trust Ballinger Tt Movement Trust Ashington Town Council Barbour Foundation Joicey Trust Wellesley Trust 1989 Willan Charitable Trust Bernicia Foundation Northumberland Village Hornes TTUSt YMCA- Cost of Living RAF Benevolent Fund Hadrian Trust The Riddcll Family Safer Streets Kickstart Garfield Weston 6,000 10,000 10,000 19,646 1,023 8,000 20,000 25,000 11,262 10,000 24,014 3,400 9,738 4,167 4,167 5.000 1,010 28,317 25,033 1,000 1.500 7,961 4.177 caled forward 120,909 157,256 Page 13 continued...
YMCA NORTHUMBERIAND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 ht4RCH 2024 INCOME FROM CHARITABLE ACTIVITIES- contlnued 2024 2023 Brought forward Jean Dawes Banks Commullity Fund Sewell Trust 120,909 157,256 1155 500 SUPPORT COSTS costs Core Activities NET ll¥coMEIIEXPENDITURE) N¢t incomel(expenditure) is stated after chargin(CredIting). 2024 2023 DepTeciation - owned assets Tndependent Examiner's remuncration (including irrecoverable VATI 9,392 9J92 TRUSTEES, REMUNERATION AIYD BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses Trustees, expenses amounted to £181 for the year ended 31 March 2024 in relation to travel exp¢nditure, £471 was paid to tnLgtees for the Year Ended 31 March 2023 in respect of tr4LStee expenses. Page 14 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANcL STATEMENTS- continued FOR THE YEAR ENDED 31 hL4RCH 2024 STAFF COSTS 2024 2023 Wages and salaries Employer National Jnsurance Other pcnsion costs 159,120 4.740 142,750 3,151 174 The average monthly number of employees during the year was as follows: 2024 2023 Operational staff No employees received emoluments in excess of £60,000. The total en¥loycc benefits (including Social Security costs) of the key managem¢nt personnel, comprising the trustees and the Chief Executive, were £46,967 (2023 - £44,812). Page 15 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2024 YEAR ENDED 31ST MARCH 2023 COMPARATKVES FOR THE STATEMEN[ OF FINANCIAL AcrIvrriES Unrestricted Restiicted funds Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 5,150 5,150 Charitable actiiryties Core Activities As LTO 73,091 269,543 196,452 Other income Total 202 826 275 917 EXPENDITURE ON Cbarltable *¢tlvitles Core Activities As LTO 173,944 63,772 994 237,716 238 710 Total Net gains on investments NET INCOMEI(EXPENDITURE) Transfers between funds 28,882 8,325 37,207 Net movement in tsnds 23,182 14,025 37,207 RECONCILIATION OF FUNDS Total funds brought forward 275,817 40,475 316,292 TOTAL FUNDS CARRIED FORWARD 54 Page 16 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMEIYTS- continued FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Short leasehold Plant and machinery Totals COST At l April 2023 and 31 March 2024 142 706 117771 260 477 DEPRECIATION At l April 2023 Chargc for year 142,706 98,987 241,693 At 3 l March 2024 142 706 108 379 251085 NET BOOK VALUE At 31 March 2024 392 At 31 March 2023 The leasehold propety is for chaTitablc use within the Mpally and was last valued in May 2000 by an external fimi of Chartered Surveyors. The directors are satisfied that the aggregate valu¢ of the leasehold property is not less than the aggregate amount at which it is stated in the accounts. 10. INVESTMENT PROPERTY FAIR VALUE At l Awil 2023 and 31 March 2024 200 000 NET BOOK VALUE At 31 March 2024 At 31 March 2023 20Q The frtthold propety known as YMCA, Waterloo Road, B1h is included at fair value based on its expected rental yield of 12 % Page 17 continued...
YMCA NORTEtUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Tradc debtors Prepayments and accrued incom¢ 11,990 5,770 12. CREDITORS: AMOUNTS FALLING DUE THIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 778 47 11.562 9269 Deferred income The defea]S included in creditors relate to those grants. donations and income specified as relating to a specific peri and represent thos¢ parts of th¢ grants, donations or income whÉch r¢late to pcriods subsequent to the accounting year end and arc treated as grants or income in advance, or alternatively where there are conditions which must b¢ fulfilled prior to entitlement or use of the grant or donation by the charity- Movements during the year were as follows. Balance at l April 2023 Rcleascd to income from charitable activities Amount deferred in year 10,000 10,417 Balance at 31 March 2024 13. PROVISIONS FOR LIABILITIES 2024 2023 Provisions 18 Reconclllation of Opening and Closing Provisions 2024 2023 Pmvision at start of period Unwinding of the discount factOT (interest expense) Deficit contribution paid Amendments to contribution schedule 18,565 733 (3,827) 18,565 540 (3,004) Provision at end of period Page 18 ontinued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total Unr¢strided Restricted funds fimds Fixed assets Investments Current assets Current liabilities Provision for liabilities 330 200,000 117,329 (4,947) 9,062 9,392 200,(M)O 161,958 (25,364) 1547]) 18,784 200.000 185,569 (32,289) 44,629 (20,417) 330 15. MOVEMENT IN FUNDS Net Transfers movement between in funds funds At 3113124 At 114123 Unrestricted funds General fund Fair value reserve 98,999 (1,758) 97,241 298,999 (1.758) 297,241 Restrl¢ted funds Cost of Living Drop-In Provision Y Grow Project Meeting Space Refurf) Youth Lounge Balance Project Mortal Fools Jean Dawes Fund Warni Lounge Project RAF Airplay Sewell Trust 1,010 {3,825) 1,010 1,175 16,133 4,340 9,062 16,133 4,340 18,124 6,082 1S(Kl 244 335 2,436 306 {9,062) (6,082) (1,500) (244) (335) (882) 306 1,554 21 26 TOTAL FIJNDS 35 Page 19 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 IS. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incon]ing resources Resources Mov¢ment expcnded in funds Unrestricted funds General fimd 175,383 (177,141) (1,758) Restrleted funds Cost of Living Drop-In Provision Garfield Weston Northumberland Children's Trust Sir James Knott Cell Big Local Detached Youth Work Bernicia Grant 1989 Willan Charitable Trust Youth Low]ge Balance Project Mortsl Fools Jean Dawes Fund Warni Lounge Project RAF Airy)lay S¢w¢ll TTUSt 1,010 10,000 6,250 10,000 8,000 1,023 14,014 4,167 4,167 1,010 (3.825) (13.825) {6250) (lo,0) {8,(KK)) (1,023) (14,014) (4,167) (4,167) (9,062} (6,082) <151) (244} {335} (882) 306 (9,062) (6,082) (1,500) (244) (335) (882) 306 TOTAL FIJNDS 234 014 22 Page 20 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMEwfs- Continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- contlnued Comparatives for movement in funds Year Ended 31n Marcb 2023 Net movanent in fimds Transfers between funds At 3113123 At 114122 Unrestricted funds General fund Fair value reserve 75,817 28,882 (5,700) 98.999 275,817 28,882 (5,700) 298,999 Restrlcted funds LTO Big Local Northumberland Children's Trust DroTrln Provision Y Grow Project Meeting Space RefLwb Youth Lounge Balance Project Mortal Fools ye Dawes Fund Wami Lounge Project RAF Airplay Sewell Trust 994 2,634 (994) (2.634) 8,334 (3 J34) 11,262 (450) {9,(h52) 6,082 4,871 4,790 27.186 16,133 4,340 18,124 6,082 1,500 244 335 2,436 306 244 335 2,436 306 TOTAL FUNDS 31 Page 21 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- tontlnued Year Ended 31" March 2023 Comparative net movement in funds, included in the above are as followJ: Resources Gains and Movement expended losses in funds Incoming Tesources lJnrestricted funds (173,944) 28,882 General fund Fair value rcserve 202,826 Restricted funds LTO Big Local DroTrln Provision Y Grow Project Meeting Space Refurb Youth Lounge Balance Project Mortal Fools Jean Dawes Fund Wann Lounge Project RAF Airplay Sewell Trust (994) (46,072) (994) (3,334) 11262 (450) (9,062) (6,082) 1.500 244 335 2,436 306 42,738 11,262 (450) (9,062) (4.918) 11,0 1,500 1,000 2,655 2,436 500 (756) (2,320) 766 37 TOTAL FUNDS Page 22 continued..
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 16. EMPLOYEE BENEFIT OBLIGATIONS YMCA Northwnlrtland participated in a contributory pension plan providing defined benefits bascd on final pensionable pay for employees of YMCAS in Englan& Scotland and Wales. The asscts of the YMCA Pcnsion Plan held separatcly from those of YMCA Northumberland and at the year- cnd these werc investcd in the Merccr Dynamic De-risking Solution, 62 % matching portfolio and 380/0 in the growth wrtfolio and Schroder (propety units only). Thc most recent complctcd thr¢e-ycar valuation was as at l May 2020. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on asscts held before and after retirement of 2.59% and 1.090/0 rcspectively, the increase in pensions in paymcllt of 2.99 % (for RPI capped at 5 % per annum}. and thc average life expectancy from normal retirement age (of 65) for a current male pensioner of 22.0 years, female 24.4 years, and 23.7 years for a male pensioner, female 26.1 years, retiring in 20 years, tirn¢. The result of the valuation showed that the actuarial value of the assets was £146.Im, which represented 790/0 of the benefits that had accn]ed to members. The Pension Plan was closed to new members and future service accrual with effect from 30 April 2007. With the removal of the salary linkage for benefits all employed deferred members became deferred members as from l May 2011. The valuation prepared as at l May 2020 showed that the YMCA Pension Plan had a deficit of £39 million. YMCA Northurnberland has been advised that it will need to make monthly contributions of £258 from l May 2023. This arnount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual perforniance of the Pcnsion Plan. Aged future deficit contributions have been discounted at a rate of 30/0 (2023 - 3 /0)- The current Tecovery period is 5 years commencing l May 2024. 2024 2023 ATnounts due Within one ycar After one year Between one and two years Between two and five years After five years 3,094 9,283 3,094 9,282 Totsl 56 In addition, YMCA Northumberland may accrue liabilities in the event of the non-payment by other participating YMCAS of their share of the YMCA Pension Plan's deficit. It is not possible currently to quantify the potential amount that YMCA Northumberland may be called upon to pay in the future. Page 23 ontinued...
YMCA IYORTHUMBERLAIYD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 17. RELATED PARTYDISCLOSURES There were no related party transactions for the year cndcd 31 March 2024. 18. LEGAL STATUS YMCA NCrtthu is a company lin)ited by guarantee, registered in England and Wales and has no slwe capital, The company's rcgistered number and registered office address can be found within Reference and Administrative Details. The liability of each member in the event of winding-up is limited to £1. Page 24
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legaeies Donalions 5,284 5,150 Charltable activlties Propety income Cafe income Grants 101,506 3,165 120 909 105,440 3,192 225,580 269,543 Other Income Other income 3150 Total Inconjlng resources 234,014 275,917 Charfitable activltles Wages Employers Nl Pensions Rent, rates and water Waste Disposal Insurdnce Light and heat Telephone, post and stationery SubsLYiptions Sundry expenses Training and conferences Project and activity costs Repairs and maintenance Cafeteria costs Travelling and subsistence expenses Cleaning Affiliation fees Recruilment Bad debts Bank charges Marketing and Promotion Depreciation of plant and machinery 159,120 4,740 10,217 2,585 2,137 5,047 14,831 3,683 2,111 1,366 1,915 6,832 12,114 2,854 3.450 1,266 1,196 528 142,750 3,151 6,747 1,835 4,714 13,412 3,420 4,513 1.709 2,525 7,394 15,623 2,767 1,956 3,618 613 370 355 154 3245 7,353 252,831 230.263 This page does not fonn part of the statutory financial statements Page 25
YMCA NORTHUMBERLAND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ElED 31 MARCH 2024 2024 2023 Support costs Governance costs Accountancy and legal fccs Total resources cxpcndcd 256 998 238 710 Net income before gains and losses (22,984) 37207 Recognised gains and losses Recogniscd gains on investment pmpety Net income 84 ThÉs page does not form part of the statutory financial statements Page 26