REGISTERED COMPANY NUMBER: 03541107 (England and Wales) REGISTERED CHARtTYNUMBER: 1076157 REPORT OF THE TRUSTEES AND UNAUDITED FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR YMCA NORTHUMBERLAND Brown, March and Bolvman Ltd, 4 Tyne View Newcastle Upon Tyne NE15 8DE
YMCA NORTHUMBERLAND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Fiaminer's Report Statement of FinancRal Activities Balydnce Sheet 9 to 10 Notes to the FinancAal Statements 11 to 24 Detailed Slatement of Financial Activities 25 to 26
YMCA NORTHUMBERLAND REPORT OF THE TRUSTEES FOR THE ITAR ENDED 31 MARCH 2025 Thc trnstees who are also directors of the charity for the pUoseS of the C(nnpanies Act 2006, present their report with the fjnancial statements of +he charity for thc year ended 31 March 2025. The trnstees hav¢ adopted the provisions of A'ccounting and Repoixing by Charitie8: Statement of Recommended Practice applicable to cliaTitics prepaTing their accounts in accordall¢e with the Financial Reporting Standard applicable in the UK. and Repiiblic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcTIvIs Objectives and aim5 Thc.'Objects of +he Association arise from its accepiance of its fowiding Christian prÉnciple, the Paris Basis of . 1.855.incorporatcd into thc Natli)nal Statement of the Ainia and Purposes of the YMCA in E7]gland as it may be am_er.ded from time to time. .Cgnsequcnt! , thc Association is part of the Worldwide YMCA, a Christi} Movement which seeks lo uDite' .%ose who, regarding Jesus Christ as their God and Sai'iour according to the Holy Scriptures, desire to be His .disciple8 in their faith and in th40ir life, and to associate their efforts for the extension of His Kingdom, ]y. difference of opinion on 4>ny oth¢r mattv shall not interfiere with ihe ham]oiiAous relations of thc YMCA 5()I'ement. The Association welcomes, serves and works with persons of all religious faiths and of none.. Accordin¥tsiy, the objectives of the Assockation are: To aav<ince. the Christian faith, including by.. a) prornoting d C"hrislian environment inspirea and motivated by the life, exampAe and teaching of ,iesus Chribi. where people of faith and P¢OPie of none can work tt?getlier tor the trallsforn]ation of comniun'ities. and b} ellablinrF people of 311 ages and in particular voung people, to flourioh through experiencing and respondilllj TO the love of God demonstrated by the life, example atid tedr.i]iiJg of Jesus Christ; To proviae or assist in the provi5Ron in the interests of social welfarc of facilities foi. rpcreation and other leisure time O¢CUP2tion lor men and women with the object of in]proving tb¢ir conditions of To provide OT assist in the provision ot education for people of all ages and in particular young people, Ivitli the object of developing their physical, mental or Spiritual capacities- To rclieve or assist in the relief of peopl¢ of all ages and in particular young people, who are in con(litions of need, h(dShIp or distress by reason of their social, physical: ¢motiorJal. spiiitiial oi. cconotnic circujnstances" and To provide residential accommodation for people of all ages and in particular young p¢ople, who are Rn i)eed, iiardship or distress by reason of their social, physical, emol'ional. spiritual or economic ircum%tances. Public benefit The trust¢¢s confm they have complicd with their duty to have reuard to thc Charity Con)n]ission's guidancc on public benefit when reviewing the charitv's aims and objectives aTMI in planning futur¢ aotivities. We ensure that all oiir programm=s and seTrikn¢S work toivaTds our primary purpose of supporting thos¢ in need and strengthening communitips. .This year: our focus has beeii on strengthening OUT youth programme and entUTing it is able to provide a safe and supportive environment wh¢re young people can feel safe, valued and abl¢ to L4rive. Lacb of our programmes are des:gn¢d with accebbibility and inclusivity in mind, otyering aSsItanc¢ ivithout diocrimination and being free of any fees to ensure that tinancial barri¢rs do not prevent anyone from benefiting from our seTric¢s. Volunteers The organisation curentEy bas a dedicated but smali group of volunteers. Recognising tbe vital role tb¢y Page I
YMCA NORTHUMBERLAND play) w¢ have prioritised expanding our volunt¢eT programme to attract more individuals who uqsh,to contribthe ' their time and skills. Our fociis is not only on increasing volunteer numbers but also on establishxrig,tlle support, systems and processes needed to ensure each volunteer has a rewarding and positive experience. This includes providing comprehensive training, clear roles, and ongolng supporL so that every volunteer feels:valued and. ¢ngag¢d in making a m¢aningful impact. ACHIEVEMENT AND PERFORMANCE Plans for the 2024-2025 fmancial year focused on: R¢introducing music progrdmrn¢s to ¢nrich our youth StrengLb¢ning th¢ Youth Work Team IbTough the r¢cruilm¢nt of new team members.. Retaining slaff and investing in their profcs8ional devclopment. Launching in-house training to support the delivery of high-quality youth work by qu&lified',yOuth workers. Stabilising our opcn-acccss youth provision and ¢.xpanding our r¢ach. Increasing the number of young people we engage ivith across all PTogramm¢s. Employing Six Pe R¢s¢archcrs fro]n Duk¢s Academy to help sbapc our work from &youth-Icd. perspective. Continuing to develop unrestricted income streams and secure core fiding. Strengthening governance and supporting trustee Tecruitlnent and development. Airplay Our Airplay project at RAF Boulmer has gone from strength to strength. Supported by the RAF Bffliovglent Fund, this y¢ar saw the refurbishment of the dedicated youth space, ensuring young people have a welcoming and puryx)se-built environment of their own. The programme continues to run consistently each Saturdkny,.: offering highquality Support and activities for young people from military families. Attendance has grown . significantly, reflecting the trust and value placed in the provision by the community. Youth Provision Our youth prograinme in Ashington ranains at the heart of our work, offering a safe, inclusive space for you.. people aged l 0-18yrs to relax, build relationships, and aLcess support. Wè've reintroduced music progrnmines as part of our creative offer, alongside ongoing activities such as cooking workshops, games, arts se<sions,.and topical discussions. This year, young people hav¢ taken the lead in delivering a number of impacffiil social action projeEt¢ .Thtse ' included community..tidy-up scssions and a fundTais¢r ¢v¢nt, Jammin, in ,larn]i¢s, whicFL raised funÉL*. to purchase new music equipment. They also organised and pcrfornied at a community music ¢v¢nt heM at the. YMCA, which welcomed over 40 local residents and celebrated young people's creativity and confidenc Our team has been strengthened this year, both through new appointments and the developm¢nt of in-house,: training pathways, ensuring all youth workers are well-equipped and working toward professional. qualifications. This has enabled us to increase the consistency and quality of OUT sessions, enhance safeguarding, and expand our reach to more young people in the community. Inpartncrship with Duk¢s Academy,'we wnployed: gix Peer Researchers to support our understanding of.the needs and perspectives of young people across NTorthumberland. Their insights are shaping prtigrammé desiBn and delivery, ensuring our work is relevant, responsive, and youth-led. We continue lo collaborate with.local and r¢gional,.partners, to suppilrt young people's peTsOnal and'social dcvclopm¢nt. Our provision includ¢s .inforn]al learning, access to advice on issues such as healthy. relationships, pcrsonal Safety, and.emotional .w¢llbeing, as well as'onerytO-on¢ support ail Ll sigtip.osting'whei&., b:, needed. Page 2
YMCA NORTHUMBERLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Fll¥ANc REEw,, . Tr¥nsactions and financial positioD The statement of financia'l activities shows a'n¢1 deficit of £30,179 (2024 - £22,984 deficit)..At the balance heet date, reserves amowrteil to £300,333 (2024 - £330,512) of which £5,038 (2024 - £33,274) was subject to r¢stri¢tion, £200,000 (2024 - £200,000 + £330) represented illiquid ass¢ts. The free reserves of th¢ ch&ity amounted to £95,295 (2024- £96,911). The charity's results are materialLy affected by actuarial 8djustsnents to the valuation of the pension plan deficit, details of which can be found in Nott 18 to the Financial Statements, which have no day-to-day impact on the. ' Charity's finances. Ignoring the impact of these adjustments, t]ie chaLIty's net deficit for the y¢aY w&% £29,225 (2024 - £22,240) and free reserves at Ihe balance sheet date amountcd to £107,773 (2024 - £112,382). Grants, donatioiis, and other flnancial Svpport The Association sustains its operations through a diTr'erse array of income streams, each playing'an important role in advancing its mission. Primarily, rental income from its facilities contributes significantl,y. 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, receiT/ing vitsl donations tbat directly fuel th¢ impacthil delivery of its programmes and initiatives. This multifaceted approach to income generation ¢nsur¢s the finanLial viability of the Association and also r¢fl¢cts a strategic and resilient model that fortifies its commitment to making a positive and lasting impaLt on the community it serves. Reserves Policy YV,CA NOrthU.berIand keeps a res¢rve fund for use at the discretion of the Board of Trust¢es in the furtl)erance of the organisation's objectives. The Board of Trustees recognises the need to establish a level of reserve that: nables financial stability. proi.ides foT Itans of rnajor expenditure on a plamied basis. acts as a Cuihion against fluctuations in income levcls and in the financial perfomance of the YMCA'S activiti¢s" provides foT contingencies and unforeseen events. It is not necessary to in¢lude provision for major interniDtions to the work of the orgamisation caused by Significant damage to the buildings as provision for thi8 IS IDclud¢d in its insurance policy. Throughout this period, the Trustees will continu¢ to maintain an ongoing reserve of betwe¢ri thre¢ and six. months <)f the next year's anticipated gTOSS r¢v¢nue costs. disregarding any Cxceptioiial one-off items of capital expenditure for the PUTposes of this calculation. The Board of Trust¢¢s will review this policy, and the position with regard to present reserves, every year during the development period. Page 3
CA NO.RTHUMBERLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is constituted as a company limited by guarajjtee and is, therefor¢, goven]ed15y a.Memorandum. and Articles of Association. Appointment of dfirectors Appointment of dii"ectors i& govern¢d by the Memorandum and Articles of Association, which authorise the committee lo appoint,aew. members to fill vacancies that arise during*he year and to appoint individuals to the Board who are sympathetic to the Aims and,PurySeS of YMCA Northumberland and who have professional and personal skills that will contribute to the life, work and development of the organisation. Organisatfion and management .At 31 March 2025 there were eleven employees of the Association. Of these two were full.. time paid staff and . nine wer¢ part tim¢. There were also a number of volUnteS attached to the Association. The directors review all policies and proCedUS adopted by the organisation on a cyclical basis. l)uring the :: year they have paid Specific attsntion to: Staff supervision, Recruitment. Lone Working, ICT, Safeguarding children and young people, holiday entitleinents, personnel, safety, harassment, disability, smoking in the workplace, health and safety, salaries, redundancy, confidentiality, use of illegal dnigs and substances, equal opportunities, volunt¢ers, stsff code of conduct, financial protocols, grievance and disciplin¢, Ke}, Management Reniuneratlon .le:/ management remuneil ation is set at the discretion of the trustees. Risk Management Tle directors have a duty to identify and review the risks to which the charity is exposed and to ensur¢. appropriate controls are in place to prolde r¢asonable assurance against fraud and error. The d1ClOrS have assessed the major risks to which tbe Charity is exposed and are satisfied that syslems are in place to mitigate YMCA Northumberland's exposure to major nsk. Page 4
YMCA NORTHUMBERLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED.31 MARCH 2025 REFERENCE ANDADmlSTRTIVK DETAU Charity name". YMCA Northumberland Charilip registration number: 1076157 Company registi'ation number: 03541107 Registered office and Operational address.. C¢ntral Office YMCA, North View, Ashillgto Northumberland, NE63 9XQ Dlrectors The directors who served during th¢ year were lth S Johnson- Chairy¢ison Mr S Appleton - Tr¢asurer Mr A Agnew Mr Z Alam Ms A Robson Mr M Buckley Ms C Groombrydge Ils S Slater Key Management Personnel Mr R Cox - Chief ExLcLitive and Company Secretary Independent Examiner Brown, fvlarch and Bowman Lt 4 Tyne View, New¢tle Upon Tyne, NEI 5 8DE Bankers CAF Bank 25 Kings Hill Av¢nu¢, Kings Hill, West Malling, Kent, N1 9 4JQ Solicitors Ward Hadaway, l 02 Quaysid¢. Newcastle.upon Tyne, NEI 3DX Page f
YMCA NORTHUMBERLAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEME[ OF TRUSTEES, RESPONSIBILITIES Th¢ trust¢cs (who ate also the diT¢Ctors of YMCA Nc)rthumberland for the pulyoses of, c'ompany law) are responsible for PT¢paring the Report of the Trustees and the funCIal statements in accordanc¢.wrth' applicable ', law and iinited Kingdom Accounting Standards (Unitca Ktngdom Generally Accepted Accounting Practic¢). . Company law requir¢s th¢ trustees to prepare financial statemeDts for each financial year which give a true and , fair view ot. the state of affairs of the.charitsbl¢ company and of the incoming resources and application of iesource,s, includiiig Ihe incoine aDd oxPendiiiJr¢,.of the charitable company for that period,. In prepaTing thos¢, financial statements. the trustees aro require&.to- select suitable accounting policies and then apply them consist¢ntly' observc ¢hc m¢thods and prin¢ipl¢s in the Chanty SORP. make judgements and egtimates that are reasonable and prudent. prepare the fJnan¢ial statements on the,going.'e(mcern basis unless.it is inappropriate to presume.that the charitable company will continue in busiri¢ss.,.: . The trustces are responsible for keeping proper accounting records which disclose with Teasonablts accuracy at . any time the fll]ancial position of the Chtable company and to enable them to ensuré that thetfinancial. ,stat¢m¢nÉs comply with the Companies Act 2006. Thev are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detectiort of fraud'and other irregularities. Approved by order of the board of trust¢¢s on it July 2025 and signed on its b¢half by: Mrs S Joknon - ChaiTperson Page 6
INDLPENDENT EXANIINER'S REPORT TO THE TRUSTEES OF YMCA NoRTHUmBERL'D Independent examiner'$ report Éo the trustees of YMCA IYorthumberJaDd ('the Company,) I 'report to the Charity trustees on my exaniination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report .As the charÉty's tnteeS of the Compkny. {and also its dire¢tors for the p'JTposes (If Lompany law) you arc responsible for the preparation.of the awjunts in accordance with the reqireMentS of the C.ompanies'Aci 2006 Cth¢ 2006 Act,). . Having satisfied myself.tliat thc accounty of th¢ Lornpany are not required to be auditcd under Part,16 of the 2006 Act and are ¢ligibl¢ for iiid¢pendent examination, I report in rebpeLt of my examinationof your charity's ..a¢¢ounts as carrId out under Section.145 of the Charities Act 2CI I .('t.he 2011 Act,). In carrjping .out.my ¢xaDiinaticin I haire t"ollowed the Directions given by the Charity Commission ijnder Section 145(5) Ib) of the 2011 A¢:. Independent examlner.'s statement - The char,ty's gross incorn¢ ex¢¢eds £250,000.. ther¢foTe thc independent examiner is required to be aTh¢mber .pf i.listed body. I can confLTm that l am qualified io und¢rtake an iThd¢peJ]d¢nt examination, as I am &inembe,r of the CLrtified Public Accountants Association, whicb is one of IASt¢d bodies. bave completed my examination. I Confirni that no matters hav¢ Come to my attention in coDne¢tron with th¢ examinatiori givinby me causc to bclicvc: a¥COUllting records were not kept in respect of the Company as required bv Section 386 of the 2(K)6 the accoun+% do not accord with those records. or th.r- accouiiiJ do not comply ivith the accoiillting requ:rements of Section 396 of the 2006 Act other than an), iequ:IEI)cnt that the accounts gjve a Irue and fair view which is not a mattel. considered as part of an ivdcpejident eXnination. or tlie accou,')tr iiave not been prepared in ac¢ordan¢¢ with the mpthods and PTin¢iplcs of the Statement of Rec¢iiiin¢:Ided Practice for accountind and )-eporting by charities (applicable to harItieS preparing their accounts Ln accordanoe with the Firtancial ReportiJ]g S*ndard appliLable in the LTK and.',Republic of Ircland (FRS 102)). .I hève no conc¥rns andJtsv¢'Fomc across no other matters in connection with the examination to which attention should be drawulin this,report to enÉible a proper iinderstanding of the aCCotS to be reached. Paul Alldreiv Brown (CPAA) Certified Public Accountants Association Brown, March and Bownian Ltd 4 Tyne View Newcastle Upon Tyne NE15 8DE Date: ............................................. Page 7
YMCA NORTHUMBERLAND:, STATEMEIYT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND:EXPENDITURE.ACCOUNT) FOR THE YEAR ENDED 31.f*iARCH 2025 2025 2024 Unrestricted Restrirtcd funds fijnds funds .funds . Notes ,. INCOl¥tE AND ENDOWMENTS FROM Donations aud legaci¢s 5,02) 5,023 5,284 Charltable activities . Ctsre A¢tivities As LTO 163,318 102,122 265,440 ,225,580,, .CXher incom¢ 2,817 , Total 171158 102 122 273 380 -. 1.'234Q]4 EXPENDITURE ON Cbai'ltAble activities C'ore Activities .4s LTO 173,101 130,358 303,4'59 . Total 173 101 130 358 303 459 ,2S6 Net gains on invebtments . NET INCOME Transfers between funds (1,943) (28,236) (30,179) 15 Net movement in funds (1,943) (28,236) (30,179) (22,984) RECONCILIATION OF FUNDS Total funds brought forward 297,238 33,274 330,512 353,496 TOTAL FUNDS CARRIED FORWARD The notes forni part of these financial statements Page 8
YMCA NORTHUMBERLAND (REGISTERED NUMBER: 03541107) BALANCE SHEET 31 MARCH 2025 2025 2024 Not¢s IXED ASSETS . Tangible assets Inv¢stment propcty 9,392 10 200,000 209,392 CURRENT ASSETS 11 4,917 180 154 Cash at bar and iii haud 148 591 185.071: 16,1,958 CREDITORS Amounts falling due within one y¢ar (72,260) {25,3) NET CURRLI NT ASSETS 112811,. 136594.. TOTALASSETS LESS CURRENT LIABH.ITIES 312,811 345,986 PklOVtSInNS FOR LIABILITIES 13 {12,478) (15,471) NET ASSET'S, 300 FUM)S Unrestricted funds: Gencral fund Fair value reserve 15 95,295 97,241 200 000 295 .297 241 Rcstricted fuD.ds TOTAL FUNDS 33 The charitable company is ¢ntitl¢d to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 202.5. Th¢ members have not required the company to obtain an audit of its fjnancial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. Thc notes forni part of th¢se financial statements Page 9 continued...
YMCA NORTHUMBERLAND (REGISTERED NUMBER: 03541107) BALANCE SHEET- continued 31 MARCH 2025 The trustees acknowledge theiT responsibiliti¢s for '.(a) ensuring that the charitable cornpany keeps accounting Tccords that eomply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial, statements which give a true and fair view. of the statc of affairs of.:the charitable company as at the end of. each financial year and of its.surplus or deficit for each.fmanci&l year in accordaDce with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of th¢ Companies Act 2006 reIating to financial statements, so far as applicable to the charitable company. Th¢s¢ financial statements have been prepared':in accordan¢¢ with the provisions applicabk tu charitable comwanies SUbjt to the small co)mpanies regiuw. The fmancial stat¢m¢nts w¢rc approved *y':..the. Board of TThteeS and authorised for issue on 17th Jul). 2025 and were signed on its behalf by:" Mrs S Johnson - Chairperson leton - Treaiurer The notes forn] part of these fncIal statements Page 10
YMCA NORTHUMBERLAND .' NOTES TO THEFINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable conipany, which is a public benefit entity undeF FRS. 102, have been prepared in accoidance with tFie Charities SORP (FRS 102) 'A¢counting and Reporting by Charities: Statement of Recommended Practice applicabl¢ to chaTities preparing their accounts an accordance with the Financial Reporting Standard applicable in the UK and Rcpublic of Ircland (FRS 102) (effective l January 2015),. Financial Reporting Standard.102 'The Financial Reporting Standard applicable in the UK and Repllblic of Ireland, dlld-the Con]p2nies Act 2006. The flluncial statements hav¢ been prep¢ undei th bistoricth,cost collventi0 as modifi¢d by the ValUatIOn.0f ccitain ass¢ts. Thc prcscntation currcncy of thc fllMn¢ial statements is thc Pound Sterling, munded to the nearest Pound (£). Going concern At the date of approval of thes¢ financial staten.nts, the trustees have a reasonable expectation that the charity has adcquatc rcsourccs to continuc for tIK forGsccabl¢ futur¢ and as such th¢ financial stat¢m¢nts are &)repar¢d on the going cuncern basis. Income All income is recognised in the Statement of FInaClaI Activities once the charity has entitlement to the nds, it is probable that the income will be Tec,eived th¢ amount can be m¢asured r¢liably. Expenditure iabilities aTe recognised as expenditure as soon tb.ere is a l¢gal or constructive obligation conllnitting the charity to that expenditure, it is probable that a transfer of economic benefjts 47i.rll be required in settlement and the tlount of the obligatioii can be measured reliably. Expenditure is accounted for on an accruals basis and has been ¢la>sified wider headings that aggregate all cost related to the category. Where costs cannot be directly. attributed to particuRar headings th¢y hav¢ been allocated to activities on a basis consistent with.the use of r¢sources.. Tangible fixed assets Depreciation is provided at the following annuaL Tates in order to write off each asset oi'er its estimated useful life. Short leasehold Plant and machincry in accordance with th¢ propety 25 /0 on cost Investment property tnv¢sln]¢nt prop¢ty is shown at most r¢c¢nt valuation. Any aggTegat¢ surplub or defiLit arising from chang¢s in t.air value is reCOlSed in the stateMt of Financial Activities. tn ac£ordallce 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 propcrties to bc dcpreciatcd. Such propcrtics are held for invesiment and not for consumption and the directors consid¢r that to depreciate them would not give a true and fair view. Depreciation is only of the Triahy elements reflected in the annual valuation of properties and a¢¢ordingly the amount of dq)reciation which niight 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. Pag¢ 11 continued...
YMCA NORTHUMBERLAIYD NOTES TO THE FINANCIAL STATEMENTS- Conthiued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- conthiued Taxation The charity is ex¢mpl from corporation tax on its charitable activities. Fund aecounting Unrestricted funds can be used in aCcOrdae with the.charitable objectiv(% at the discrntion.of the trnstees. Restricted funds can only be used fot particular restrictèd purposes within the objects of'thc charkty. R&strictior.s arise when sp¢cified by the donor or when fimds ar¢ raised for particular restiicted pu4)oses. Pension costs YMCA Northumberland participatedin.a mLIti-employ¢r dtfincd benefit pension plan for employe¢&of YMCAS in England,.Scotland and Wales, w.hich was closed to new members and accruals on. 30 April 2007. Due to insufficient inforniation. the plan's actuary has advis¢d that it is not possible to separately. identify the assets and liabilities relating to YMCA Northumberland. As described in note 18, YMCA NOrthumEA8nd has a contractual obligation to make pefision deficit payments of £2,993 (2024 - £3,094) per annum over th¢ p¢riod to April 2029, accordingly this is shown as a liability in these accounts. In addition, YMCA Northumberland is r¢quir¢d to contribute £954 (2024 - £733) per annum to the'operating expenses of the Pension Plan and these costs are charged to tlie Statement of Financial Activities as made, Debtoi Trad¥ l< nd other debtors (including prepayments) are recognis¢d at the settlement amount due or amount prepaid net of ariy trade discounts. Cash at baDk aDd in hand Cash at bank and in hand includes cash and sNort tcrni ijighly liquid inTrrstm¢nts. Creditors Tradc and other credÉtors (including accruals) are reCOlSed whw the clwity Iw a present.obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to s¢ttle tbc obligation can be mcasured or e8tiinated reliably. Creditors ar¢ reoognised at their settlement amount net of any trade discounts. Financial instrnments All financial &ss¢ts and financial liabilities of the charity qualify as basic financial instrum¢nts. Basic financial iftstruments are initially recolSed at transaction value and subsequently measured at their settl¢ment value. Page l? conti]w...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACIES 2025 2024 Donations & Fundraising INCOME FROM CHARrfABLE ACTIVITIES 2025 Core Activities 2024 Total activities Property income YMCA Shop Profit sIe Cafe income Grants 107,641 101,506 2,398 152 002 3.165 120 909. Grants r¢¢¢ived, included in the above, are as follows: 2025 2024 Northuniberland C ty Council NorthuiiibLrland Clijldren's Trust c.ommunity FoLnaation Cell Bi&Y Local SYT Jaine% Klliitt Triist Balling¢r Tn4St Newcastle Buildin8 Society Ashington Town Council Barbour Foundation 50icey Trnst 1989 Willan Charitable Trust Bernicid Foundation YMCA- Met Trust YMCA- C(Ist of Living YMCA Airplay Project 1530 Neil Quinn Safer Streets Garfield Weston 42,913 5,01)0 io,( (xx) 10,000 1,023 3,333 20,000 5,000 2,000 2,000 20,000 24,014 5,833 5,833 5,000 4,t67 4,167 1,010 28,317 30,850 740 2,750 7,961 Carried t"orward 152,002 120,909 Page 13 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANcfAL STATEMENTS - continued FOR THE YEAR ENDE.D 31 MARCH 2025 INCOME Tr ROM CHARITABLE ACTIVITIES- continued 2025 2024 Brought forward 152,002 SUPPORT COSTS Governance costs Core Activities 'ET INCOMEI{EXPENDITURE) Net incom¢/(expendithre) is stated after charging(¢r¢diting): 2025 2024 D¢prexiation - own¢d assets Independent F,nIne¢S remuneration (including irrecoverable VAT) 9,392 9,392 TRUS'fEES' REluNRA,[ll0N AND BEIIEFITS There were no trustees, remuneration or othei benefits for the year ended 31 March 2025 ngr for th¢ . yedA elided 31 March 2024.. Trustees, expenses Trustees, expenses amounted to £368 for the year ended 31 March 2025 in relation to travej., expenditure, £181 was paid to trnstees for tlie Year.End¢d 31 March 2024 in respect of ttustee éxpe.nses. Page 14 continued...
YMCA1¥40RTHUMBERLAND NOTES TO THE FINANCIAL STATEMENfs - eontfinued FOR THE YEAR ENDED 31 MARCH 2025 STAFF COSTS 2025 2024 Wages and salaries Employei. National Insi]Ce Oth¢r petLiion costs 192,029 8,280 159,120 4,740 214 The average montlily niimber vf ¢mployees during the year was as follo%s: 2025 2024 Operational staff No employees received emolutn¢nts in cxcess of £60,000. The total employee benefits (including Social Security costs) of the key manag¢mcnt peTsonnel, comprisAng the trustees and the Chief Executive, wwc £48,167 (2024 - £46,967). Page 15 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMEwfs - Continued FOR THE YEAR ENDED 31 MARCH 2025 ST YEAR ENDED 31 MARCH 2024 COI¥IPARATIVES FOR THE STATEMEIYT OF.: . FINANCIAL ACTIVITIES Total Unrestricted Restricted funds funds JjYCOil AND ENDOWMENfs FROM Donations and legacies 5.284 5,284 Charitable activities Corc Activitics As LTO 166,949 58,628 225,577 Other income Totsl 175 383 234011 EXPENDITIJRE ON: ' Charitable activities Core Activities As LTO 177,141 79,857 256.998 Total 177 141 Net gains on investments ET INCOMEIIFXPENDITURE) Transfers between funds (1,758) (21,229) (22,987) Net movement in funds (1,758) (21,229) (22,987) RECONCILIATION OFFUNDS Total fimds brought for¥Yard 298,999 54,500 353,499 TOTAL FUNDS CARRIED FORW'ARD 297 241 a22L4 330.512 Page 16 Continued...
YMCA NORfHUMBERLAND IYOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED31 MARCH 2025 TANGIBLE FIXED ASSET,S Short leasehold Plant and machinery Totals COST At Olst April 2024 Disposals in year At 31 it VrCh 2025 142,706 117,771 1 260,477 (510) 259 967 (510) 117261 DEPRECIATION At l April 2024 Depreciatioll on disposals Charge for year 142,706 108,379 (510) 251,085 At 31 March 2025 142 706 117261 259 967 IYET BOOK VALUE At 31 March 2025 At 31 March 2024 The leasehold propety is for chaTitable use within the company and was last valued in May 2000 by an ¢xt¢rnal firni of Chartcred Surveyors. Thc directors arc satisficd that the aggregat¢ valu¢ of the IcaseboId prop¢rty is not l¢ss than the aggregate amount at which it is stated in the accounts. 10. INVESTMENT PROPERTY.. FAIR VALUE At l April 2024 and 31 March 2025 NET BOOK VALUE At 31 Ma 2025 At 31 March 2024 The freehold prop¢ty knoivn as TrTrICA, Waterloo Road, Blith is included at fair value bas¢d on tts expected rental yield of12 % Page 17 Continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- contfinued FOR THE YEAR ENDED 31 MARCH 2025 11. DEBTORS: AMOUNTSFALLING DUE WITHIN ONE TrTAR 2025 2024 Stock Trade debtors Prepayments and accrued ilicome 474 3,693 750 11 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 . Trade tteditors Social security and other taxes Other creditors Accruals and def¢d incorrie 141 778 47 Deferred Ineome The defeTrals included in creditors relate to those grants, donations and income specified &s relating to a specific period and represent those parts of the grants, donations or income which relat¢ to periods subsequent to the accounting ytrar end and are treated as tS or income in advance, or alteniatively where there are conaitions which must be fultilled prior to entitlement or us¢ of the grant or donation by th¢ charity. Moven]ents during the year were as follows. Balance at l April 2024 Released to income from charitable activities Amount defe¢d in year 20,417 (20,'417) Balance at 31 March 2025 13. PROVISIONS FOR LIABILITIES 2025 2024 Provisions Reeoncllfiation of Openfing and Closing Provllsions 2025 2024 Provision at start of period Unwinding of the disoount factor (interest expense) Deficit contribution paid Amendments to contrlbution schedule 15,471 954 (3,947) 18,565 733 (3,827) Provision at end of period Page 18 continued...
YMCA NORTHUMBERLAND WOTES TO THE FINANCIAL STATEIVIENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 14. ANALYSIS OF NET ASSETS BETWEEII FUNDS 2025 Total funds 2024 Total nds Unrestricted Restricted fimds fimds Fixed assets InvestentS CUrllt assets Cuent liabilities 'ovision for liabilities 9,392 200,0(M) 161.955 {25 J64) 200,000 151,116 (43,343) 12 4781 200,(4)O 185,071 (72260) 33,955 (28,917) 295 295 30 IS. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3113125 At 114124 Unrestrlcted funds General fd Fair"ialue reserve 97,238 200.000 (1,943) 95,295 200.000 ResLtr!eted funds Cost of Lii'ing Drop-ii" Provision Y Grow Project Ieeting Space Refu Youth Lounge Ecp y-fv1'5Ic Neil Quinn Cookery RAF A1laY Sew¢ll TTht .297,238 (1,943) 295,295 I,oio 1,175 16,133 4,340 9,062 (I,010} (1,175) (16.133) (4,340) (9,062) 487 1475 9)6 (474) 487 1475 996 1.080 1.554 TOI'AL FtJThDS 51 Page 19 contiIiued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- contfinued FOR THE YEAR ENDED 31 MARCH 2025 15. MOVEMINT IN FUNDS - eonttnved Net movement in funds, included.in. the. above are as follows". Incoming resourccs Resources expended Movement Irt fuads Unrestrlcted fvnds Gen¢ral fijnd 171,158 {173,101) (1,943) Restricted funds Jammin in Jarniies YMCA- C.'ost of Living Nortbumbcrlaad Coullly Council Northumberland Childr¢n's Trust Con)munity Foundation Sir James Knott Trust Newcasile Building Society Ashington Town Council Barbour Foundation Youth Lounge Joicey Trnst 1989 Willan Charitable TnLSt Bernicia Foundation F Aiiplay Mccting Spac¢ Refurb Y Grow Project Drop ID-Provision YMCA- Ivlet Trust Garfield Weston YMCA Englond & Wales Neil Quinn (968) (I,oio) (42,913) (4.(M)41 (10,fy} (3J33) (5,000) (2,000) (2,000) (9,062) (2,000) (5,833) (5,833} (474) (4,340) {IA133) (1,175) (4513) (8,750) (742) (I,oio} 42.913 5,000 10.000 3,333 5,000 2,000 2,000 2,000 5,833 5.833 (474) (16,133) .(1,175) 5,000 8.750 742 102 122 130 358) TOTAL FUNDS Page 20 conlinued...
YMCA NORTHIJMBERLAND IYOTES TO THE FINANCIAL STATKMEwfs - continued FOR THE YEAR ENDED 31 MARCH 2025 15. MOVEMENT IN FUNDS kn conlinued CompaTatives for movement in funds Year EDded 31st March 2024 Net movunent in funds Transfers between fLdS At J14123 3113124. Unrestricted fund$ General fLmd Fair i'alue reserve 98.999 (1,758) Restrlcted funds Cost of Living Drop-ln Provision Y Grow Project Meeting Space Reknb Youth Lounge Balance Project Mortal Fools Jean Dawes Fund Warni Loungc Project lu Aa2p14ty Sewcll Trust 298,999 {1,758) 29724t, I,oio {3,825) 16,133 4,340 18,124 6,082 1,500 244 335 2,436 3(hS (9,(62) (6,082) (1s(x)) (244) (335) (882) 306 9,062 332741.. TOTAL FUNDS Page 21 ontinued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 15. MOVEMENT IN FUNDS - contAnued Year Ended 31st March 2024 Comparativc net movement in funds, included in the above are as.follows: Incoming resources Resources expended Gains and Movetnent.: losses in ndS Unrestricted fund5 General fund Fair value reserve 175,383 (177.141) (1.758) Restricted funds Cost of Living Drop-ln Provision Garfield Weston Northumberland Children's Trust Sir James Knott Cell Big Local Detsched Yollth Work Bernicia Grant 1989 Willan Charitable TnL8t Youth Loungc i.oio 10,000 6.250 i 0,000 I,oio (13,825) (6,25Q) (J 0,000) (8,000) (1,023) (14,014) (4.167) (4,167) {9,062) (6,082) (1,500} (244) (335) {882) 306 1,023 14,014 4.167 4.167 (9,062) (6,0.82)., (ISW): (244) (335) {882) 306 Mortal Fools Jean Daweq Fund Warni Lounge Project RAF A1laV Sewcll Trnst 79 857) TOTAL FufiD8 Page 22 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS- contfinued FOR THE YEAR ENDED 31 MARCH 2025 16. EMPLOYEE BENEFIT OBLIGATIONS YMCA NOrthunl participated in a Contributory pension plan providing defined benefits based on fal pensionable pay for employ¢¢s of YMCAS in England, Scotland and Wales. The assets of th¢ YMCA Pension Plan are held separately from those of YMCA Northumberl and and at the year- end these were invested in the Mercer Dynamic De-risking solutio 62 % matching portfolio and 380/0 in the growth portfolio and Schroder (propety units only), The most recent compl¢ted three-year valuation was as at l May 2020. The assumptions used which haF¢ the niost significant effect on the results of the valuation e those relating to th¢ assumed ratesof return on &ssets held before and aft¢r retirement of 2.590/0 and 1.091/10 respectively, the. increase i.n pensions in payment of 2.990/ts (for RPI capped at 50/0 pér ai]nurn), and the average life expectancy from nornial retirement age (of 65) for a cuff¢nt male pension¢r of 22.0 years, female 24.4 years, and 23.7 years for a male pensioner, female 26.1 years, retiring in 20 years, time. The result of the valuation ' showed that the actuarial value of the assets was £146.1 m, which represent¢d 7/0 of the b¢nefits that had accrued to members. The Pension Plan was closed io new m¢mb¢rs and futur¢ service accrual with effect from 30.Apri,1.2007. With tlie removal of the salary linkage for benefits all employ¢d def¢ed memb¢TS b¢came deferred members as from l May 2011. The valuation prepared as at l May 2020 showed that the YMCA Pension Plan bad a deficit of £39 million. YMCA Northumberland has been advised that it will need to make monthly contributions of £249 fr0111 l May 2024. This amount is based on the current actuarial assumptions (as outlined.above) and rnay vary in the future as a result of actual perfonnan¢e of the Pension Plan. Agreed future deficit contributions have been discount¢d at a Tate of 30/0 {2024 - 3°/0). The current recovery period is 3, years coiDmenciDg l May 2024. 2025 2024 Amounts du¢ Within one year Aft¢r one year Between one and two years Between two and five years Atier five years 3,094 6,290 3,094 9,283 Total In addition, YMCA NOn[land may accruc liabilities in the event of the non-payment by other participating YMCAS of their share of th¢ YMCA Pension Plan's deficit. It is not possible currently io quantify the potential amount that YMCA Northumberland may b¢ called upon to pay in the future. Page 23 continued...
YMCA NORTHUMBERLAND NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 17. RELATED PARTYDISCLOSURES There were no Telated party transactions for th¢ year ended 31 March 2025. I& LEGAL STATUS YMCA North is a company limited by guarantee. r¢gist¢red in England and Wales and has no. share capital. The company's registered number and T¢gister¢d oifice address can be found within Reference and Administrative D¢lails.' The liability of each member in the event of winding-up is limited to £1. Page 24
YMCA NORTHUMBERLAND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donatlons and legacle l)onations 5,023 5,284 Chvdrfitable activities Propety ittcomc YMCA Profit Sjjare Cafe incotne rants 107,641 3,399 2,398 152 003 3.L65 120 909 265,441 225,580 Other income Othcr incom¢ Total incoming resources 273,280 234.014 EXPENDITURE Charitable actlvities Wages Fm]ployers Nl Pensioi)s Rent, rates and water WasÉe.Disposal 192,030 8,280 14,544 2,343 .381 5,282 13,236 4,329 2,589 1.630 2,026 9,480 23,023 1,492 2,867 1,488 1269 220 350 80 1,625 159,120 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 Light 2nd heat Telephon¢, post and.8tationery Subscriptions Sundry exp¢nses Training and Lonferences Project and activity costs Repairs and maintenanc¢ Caf¢teria costs Travelling and subsistence expenses Cleaning Affiliation fees Recruitmcnt Staff Welfare Bank Charges Marke:ing and promotion Depreciation of plant and machinery 7,353 298,956 252,831 This page does not forni part of the statutory fllwicial statements Page 25
YMCA NORTHUMBERLAND DETAILED STATEMEI¥IT OF FINANCIAL ACTIVITIES FOR THE YEIIR ENDED 31 MARCH 2025 2025 2024 Support costs Governance Costs Accountancy. payroll and legal fees 4.503 Total resources expejmled 303 459 256.998 Net income before g21ns and losses (30,179) (22,984) Recognised gains And loss Recogniscd gains on invcstment propety.. Net income This page does not forni part of the statutory f]cIal statements Page 26