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2025-08-31-accounts

Registered number: 04183050 Charity number: 1086783

YMCA SOUTH DEVON

(A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

YMCA SOUTH DEVON

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 9
Independent auditors' report on the financial statements 10 - 13
Statement of financial activities 14
Balance sheet 15 - 16
Statement of cash flows 17
Notes to the financial statements 18 - 35

YMCA SOUTH DEVON

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025

Trustees W Thomas, Chair
T Alford-Howard
K Chivers (appointed 31 March 2025)
R Daws (appointed 16 June 2025)
J Devonport
M Goodwin
D Gledhill
A McSparron-Edwards
R Murch
P Stapleton
C Talbot
Company registered
number
04183050
Charity registered
number
1086783
Registered office
Dartmouth Road
Paignton
Devon
TQ4 6NX
Company secretary
M Goodwin
Key Management
Personnel
M Goodwin (Chief Executive Officer)
K Light (Nursery Manager)
N Collins (Youth and Operations Manager)
P Harris (Finance Coordinator)
Independent auditors
Griffin
Chartered Accountants
Courtenay House
Pynes Hill
Exeter
EX2 5AZ
Bankers
HSBC PLC
7 Palace Avenue
Paignton
TQ3 3ED

Page 1

YMCA SOUTH DEVON

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their annual report together with the financial statements of YMCA South Devon (the company) for the year ended 31 August 2025. The legal and administrative information set out on page one forms part of this report.

The trustees have adopted the provisions of 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 102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

The YMCA movement is a charity and a christian based association. Its overall mission is to support young people to improve their life conditions by:

Our values are to:

Our ambitions are to:

  1. Improve the lives of children and young people through:

  2. education, recreation and supporting their mental health and wellbeing

  3. providing a safe place for them and their families to thrive and reach their potential

  4. supporting those who are vulnerable and at risk

  5. Ensuring that the work the organisation does is for the benefit of the public and contributes to the wellbeing of the whole community by:

  6. raising aspirations of children and young people

  7. helping to reduce anti-social behaviour

  8. preventing homelessness

  9. encouraging young people to make a positive contribution to society by engaging in education, training and employment

All our trustees agree and are signed up to the charity’s values and ambitions which are focused on achieving public benefit and improving community wellbeing.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 2

YMCA SOUTH DEVON

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Objectives and activities (continued)

b. Strategies for achieving objectives

To achieve the above mission we aim to:

  1. Improve the lives of children and young people by:

  2. identifying needs and providing tailored early interventions

  3. providing a safe place for them and their families to thrive and reach their potential

  4. supporting those who are vulnerable and at risk

  5. Ensure that the work we do contributes to the wellbeing of the community as a whole by:  raising aspirations of children and young people

  6. helping to reduce anti-social behaviour

  7. preventing homelessness

  8. encouraging our young people to make a contribution to society by engaging in education, training and employment

  9. Create a community hub where people can come together to learn, socialise and develop skills and relationships.

c. Activities undertaken to achieve objectives

WHO WE WORK WITH

  1. We provide services for children and young people aged between 0 and 25

  2. Extend our reach into the following groups with the aim of achieving positive outcomes for:

  3. early years aged 0-5

  4. children and young people aged 5-16

  5. young people post 16 to 25

  6. parents, families and carers

  7. young people at risk of losing their home

  8. the community

HOW WE WORK

To achieve our ambitions we:

  1. Ensure that we recruit and retain sufficient staff for continuous delivery of services.

  2. Ensure that staff:

  3. receive the best support and training to fulfil their accountabilities with confidence

  4. understand the overall purpose of the YMCA and how the different teams contribute to this

  5. Work collaboratively with parents, carers, schools, police and volunteers

  6. Engage with the people in our community

  7. Enhance and increase:

  8. our partnership working

  9. networks with other agencies

  10. Collaborate with other social entities

  11. Develop a communications and PR strategy that will raise awareness across Torbay of the YMCA’s work and achievements

Page 3

YMCA SOUTH DEVON

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Objectives and activities (continued)

  1. Develop a fundraising strategy that:

  2. engages our local community

  3. accesses financial support from local and national grants and awarding bodies

  4. Ensure that the charity is:

  5. financially robust and stable across all services to ensure its continued longevity

  6. complies with the Charity Commission guidelines

OUR ACTIVITIES

YMCA South Devon seeks to meet the needs of children and young people in the South Devon area by delivering quality, efficient, effective and economically viable programmes and projects.

These programmes and projects are tailored to meet the diverse needs of the community and are focused on delivering positive outcomes to the overall community.

Our main programmes are:

  1. Muddy Wellies Nursery

  2. Fit for Life

  3. Buddy Base

  4. Nightstop

  5. Toddler groups

Muddy Wellies’ Nursery

Our nursery provision is for 0 to 5 year olds. Our purpose-built nursery has the use of our amazing outdoor space of gardens, woodlands and playground to encourage physical activity and exploration of the environment around us. The children spend time together but are also separated into age groups for their targeted early years learning, the majority of which is achieved through play, even when they are preparing for entry to compulsory education.

Fit for Life

This service is aimed at children and young people needing an alternative approach to education, based on meeting their social and emotional. It provides an alternative approach to education for young people who have fallen out of the traditional education system.

We work in small group and one to one situations with children and young people that are referred to us by the local authority or their school. By working in small groups or one to one, we can build relationships with these vulnerable children and young people to address their personal, social and emotional needs and also to work towards enabling their education with us, with a view to them returning to mainstream education as soon as is practically possible. This enriches young people’s lives who otherwise may well be completely out of the education system and unsupervised during the school day, placing them at unnecessary risk. The wider community also benefits as young people become a constructive part of society.

Buddy Base

Through the work with young people in our Fit for Life programme, we became aware of the huge anxiety that children face when moving up from primary to secondary school. Buddy Base is our well-being youth group, which is specifically aimed at school years 5-8 to equip them with the resilience and self-confidence to navigate this transition and provide them with peer support along with the guidance from qualified and experienced youth workers.

Page 4

YMCA SOUTH DEVON

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Objectives and activities (continued)

Nightstop

This service is for young people that find themselves homeless. Launched in December 2021 Nightstop operates from YMCA South Devon offering a community response to youth homelessness. It is an established service overseen by DePaul UK and offered in thirty-three towns and cities across the UK. YMCA South Devon are also working closely with the local authority and surrounding areas to assist with the appropriate next steps for the young person, as we believe every young person should have somewhere safe, to call home.

Toddler group

Following on from the pandemic, we realised there were lots of new parents that had missed out on the chance to meet fellow parents and for their children to socialise with others. Wriggles & Giggles started and is a small group of parents and children that attend a weekly session led by one of our experienced Early Years team.

YMCA charity shops

We have had some of our local YMCA shops close but do still have one in Torquay and one in Paignton. They continue to be busy and active in our community and, as always, we are grateful for their hard work and the percentage of shop profits that we receive, all of which goes directly to supporting the work we do.

Achievements and performance

a. Summary of key sucesses

Muddy Wellies

Our nursery continues to offer a home from home experience for our children. We have continued to develop our outdoor curriculum and guarantee ‘muddy wellies’ daily! Our children thrive from the supportive and nurturing care they receive, and parents give us positive feedback. With a strong SEND offer, we are able to assist our children with additional needs, so that they can access the same daily programme of activities.

Fit for Life

Our alternative provision continues to support young people referred to us and help them achieve the best possible outcomes. By working in a trauma informed way, offering bespoke packages, specifically tailored to a young person’s individual strengths, we are able to increase aspirations and self-esteem. We were recently awarded a contract from Torbay Council to work with children and young people that are Educated Other Than At School (EOTAS). Working in a relational, trauma informed way with our children and young people we are able to support them through the difficult transitions that accompany not being on roll at a specific school.

Buddy Base

Buddy Base has proved popular with young people that enjoy doing activities designed to improve their wellbeing and general mental health. By spending time getting to know them and designing the sessions around their needs we were able to make a difference, particularly for those transitioning from Primary School to Secondary School. Unfortunately the funding came to an end, so we will pause this service until we can source additional resources.

Nightstop

We have been fortunate to secure significant funding to ensure the sustainability for Nightstop and to develop a Daystop service, we look forward to growing this service and aligning it with the new supported accommodation pathway that YMCA Exeter are developing alongside us and Torbay Council. With these units in place, we will now have somewhere to refer our Nightstop guests to, in the assured knowledge that quality accommodation and wraparound care will be available to them.

Page 5

(A company limited by guarantee)

YMCA SOUTH DEVON

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

The cash balance at the end of December 2025 was £294,151. Based on the cashflows and budgets prepared the trustees are of the opinion that the charity is a going concern, and the accounts have therefore been prepared on a going concern basis.

b. Reserves policy

Since the period end we have been working hard to build on our programme to ensure profitability so that we can meet our costs and begin to build our reserves.

The trustees have examined the Charity's requirement for reserves, which are unrestricted funds not committed or invested in tangible fixed assets, to provide the Charity with a level of operational flexibility. The Board consider it appropriate to hold £120,000, representing a short period of operating costs, as a contingency reserve and given the seasonal nature of the Charity's operations, a further £100,000 by way of a cash flow reserve. The trustees consider this to be an appropriate amount to provide the necessary working capital for the Charity and to cover unforeseen events.

The total unrestricted reserves of the Charity on 31 August 2025 were £217,734 (2024: £65,197), of which £67,836 (2024: £73,531) is the Fixed Asset Reserve. The total restricted reserves of the Charity on 31 August 2025 were £53,114 (2024: £26,609). The unrestricted free reserves at the end of August 2025 were £164,620 (2024: deficit of £8,334).

c. Financial statement

The gross incoming resources for the period were £1,094,922 (2024: £832,700) and the net outgoing resources expended were £915,880 (2024: £824,064). This created a net surplus of £179,042 (2024: £8,636). Total funds on 31 August 2025 were £270,848 (2024: £91,806), of which £53,114 (2024: £26,609) were restricted.

Page 6

YMCA SOUTH DEVON

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

d. Principal risks and uncertainties

The premises

Having established that we outgrew our building some time ago and been unsuccessful in securing capital funding for a new build, we needed to change direction to ensure our future sustainability. In Autumn 2024 we had numerous structural surveys carried out and the result was that the building could no longer be repaired and we would need to relocate. We began searching for alternative sites, originally to lease, but were unsuccessful. In Summer 2025 we found the perfect property for sale. Board meetings were taken up discussing options and the decision was reached to approach Charity Bank for a loan-this was agreed in principle by them and an offer was put in on the new premises.

Recruitment and retention

This remains an issue for the sector as a whole and we continue to work hard to look at creative ways to not only recruit staff but to ensure that they receive quality training and support that maintains their confidence and motivation. We continue to ‘grow our own’ through apprenticeships and our newly trained apprentices have continued to work for YMCASD.

e. Principal funding

The Chief Executive and the leadership team continue to work hard at identifying other ways we can grow and achieve sustainability and how we can best serve our local community for the future years to come. The strategy continues to include pursuing funding sources for new projects that meet our overall objectives and raising awareness of the work we currently do.

Structure, governance and management

a. Constitution

YMCA South Devon is registered as a charitable company limited by guarantee and was set up by a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Trustees are elected to the board at the annual general meeting. All trustees have to be a full member of the association. The board has the power to co-opt someone to the board in between Annual meetings, but that person must either step down or be fully elected at the following AGM. Only full members are able to vote and there must be at least four full members present to form a quorum.

c. Organisational structure and decision-making policies

The Board of Trustees of up to twelve members, who meet at least quarterly, administers the charity. A Chief Executive is appointed by the Trustees to manage the day-to-day operations of the charity. It is the policy of YMCA South Devon not to unduly put any of its financial assets, staff or operations at risk. Internal risks are minimised by the implementation of procedures of policies for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operation aspects of the charity. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

Further details of our structure, governance and management can be found in our Articles of Association

Page 7

YMCA SOUTH DEVON

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Plans for future periods

Muddy Wellies will continue to offer quality childcare and expand our services to meet the growing needs of parents and will further evolve as we strive to address the expansion of government funded childcare. When we relocate this expansion will be easier to manage, alongside developing other services for our families.

Fit for Life will look at other services it can offer, including Post 16 options for our existing cohorts as many of our young people find the transition to the next stage of their education very difficult. We will also look at other ways we can support other children and young people who are not in mainstream education and their families.

Nightstop is planning to introduce a ‘Daystop’ service so our young people have somewhere safe to go during the day, during this time, we can support them with the teaching of life skills, assisting them with appointments, filling out forms and seeking employment or training. Working with our partners at YMCA Exeter and Torbay Council we will be involved with helping to shape the future housing pathways for the young people of Torbay.

Toddler Group

Our toddler group is well attended, and parents' feedback tells us that the group has “a lovely atmosphere, inclusive, supportive & welcoming-I’ve met lots of new mums” and “I love the arts & crafts and the singing & dancing”. In time we would like to expand our offer to include sessions offering specific support on topics such as weaning, safe sleeping, baby massage, messy play etc.

Funds held as custodian

No funds were held at 31 August 2025.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 8

YMCA SOUTH DEVON

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Griffin, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on

_______ and signed on their behalf by: 29/04/2026

W Thomas

Director and Trustee

Page 9

YMCA SOUTH DEVON (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF YMCA SOUTH DEVON

Opinion

We have audited the financial statements of YMCA South Devon (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 10

(A company limited by guarantee)

YMCA SOUTH DEVON

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF YMCA SOUTH DEVON (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

YMCA SOUTH DEVON

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF YMCA SOUTH DEVON (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 12

YMCA SOUTH DEVON

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF YMCA SOUTH DEVON (CONTINUED)

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Laura Waycott FCA (Senior statutory auditor)

For and on behalf of Griffin Statutory Auditors Courtenay House Pynes Hill Exeter EX2 5AZ

Date: 29/4/26

Griffin are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 13

YMCA SOUTH DEVON

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total income
Expenditure on:
Raising funds
8
Charitable activities
9
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
33,000
-
-
-
33,000
-
6,495
6,495
26,505
26,609
26,505
53,114		 Unrestricted
funds
2025
£
14,488
1,020,337
26,541
556
1,061,922
11,661
897,724
909,385
152,537
65,197
152,537
217,734		 Total
funds
2025
£
47,488
1,020,337
26,541
556
1,094,922
11,661
904,219
915,880
179,042
91,806
179,042
270,848		 As restated
Total funds
2024
£
67,256
732,708
32,465
271
832,700
8,924
815,140
824,064
8,636
83,170
8,636
91,806

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 18 to 35 form part of these financial statements.

Page 14

YMCA SOUTH DEVON

(A company limited by guarantee) REGISTERED NUMBER: 04183050

BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
16
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
18
Unrestricted funds
18
Total funds		 11,418
294,151
305,569
(91,950)		 2025
£
67,836
67,836
213,619
281,455
(10,607)
270,848
270,848
53,114
217,734
270,848		 9,503
95,535
105,038
(64,104)		 As restated
2024
£
73,531
73,531
40,934
114,465
(22,659)
91,806
91,806
26,609
65,197
91,806

Page 15

YMCA SOUTH DEVON

(A company limited by guarantee)

BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 144 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on _______ and signed on their behalf by: 29/04/2026

W Thomas

Director and Trustee

The notes on pages 18 to 35 form part of these financial statements.

Page 16

YMCA SOUTH DEVON

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 18 to 35 form part of these financial statements		 2025
£
199,423
556
-
(1,363)
(807)
-
198,616
95,535
294,151		 As restated
2024
£
20,008
271
258
(714)
(185)
-
19,823
75,712
95,535

Page 17

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. General information

YMCA South Devon is a Charitable Company registered in England & Wales. Its registered office address is Dartmouth Road, Paignton, Devon, TQ4 6NX.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

YMCA South Devon meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The trustees confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the Charity is a going concern.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 18

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £200 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long-term leasehold property - 2% of cost
Property improvements - 10% of cost
Camping Equipment - 33% straight line
Office equipment - 15% reducing balance

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 19

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

YMCA South Devon also participated in a multi-employer defined benefit pension plan for employees of YMCAs in England, Scotland and Wales, which was closed to new members and accurals on 30 April 2007. Due to insufficient information, the plan's actuary has advised that it is not possible to seperately identify the assets and liabilities relating to YMCA South Devon.

As described in note 23, YMCA South Devon has a contractual obligation to make pension deficit payments of £20,976 pa over the period to April 2027, accordingly this is shown as a liability in notes 15 and 16 to these accounts. In addition, YMCA South Devon is required to contribute £4,539 pa to the operating expenses of the Pension Plan and these costs are charged to the Statement of Financial Acitivties as made.

Page 20

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Depreciation is estimated over the useful economic life of an asset in order to write off the value of this asset in line with life.

Page 21

YMCA SOUTH DEVON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

4. Income from donations and legacies

Appeals and donations
Grants
Appeals and donations
Grants		 Restricted
funds
2025
£
-
33,000
33,000
Restricted
funds
2024
£
10
26,697
26,707		 Unrestricted
funds
2025
£
10,844
3,644
14,488
Unrestricted
funds
2024
£
8,678
31,871
40,549		 Total
funds
2025
£
10,844
36,644
47,488
Total
funds
2024
£
8,688
58,568
67,256

Page 22

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

5. Income from charitable activities

After School Clubs, Holiday Activities and Nursery
Intervention Youth Work
After School Clubs, Holiday Activities and Nursery
Intervention Youth Work		 Unrestricted
funds
2025
£
612,093
408,244
1,020,337
As restated
Unrestricted
funds
2024
£
442,142
290,566
732,708		 Total
funds
2025
£
612,093
408,244
1,020,337
As restated
Total
funds
2024
£
442,142
290,566
732,708

6. Income from other trading activities Income from fundraising events

Fundraising
Rent and service charges received		 Unrestricted
funds
2025
£
13,834
12,707
26,541		 Total
funds
2025
£
13,834
12,707
26,541

Page 23

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

6. Income from other trading activities (continued)

Income from fundraising events (continued)

Income from fundraising events (continued)
Fundraising
Rent and service charges received		 Restricted
funds
2024
£
3,380
-
3,380		 As restated
Unrestricted
funds
2024
£
15,993
13,092
29,085		 As restated
Total
funds
2024
£
19,373
13,092
32,465

7. Investment income

Unrestricted
funds
2025
£
Bank deposit interest
556
As restated
Unrestricted
funds
2024
£
Bank deposit interest
271		 Total
funds
2025
£
556
As restated
Total
funds
2024
£
271

Page 24

YMCA SOUTH DEVON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8. Expenditure on raising funds

Fundraising trading expenses

Unrestricted
funds
2025
£
Fundraising costs
11,661
Fundraising trading expenses (continued)
Restricted
funds
2024
Unrestricted
funds
2024
£
£
Fundraising costs
206
8,718		 Total
funds
2025
£
11,661
Total
funds
2024
£
8,924

9. Analysis of expenditure by activities

Charitable activities
Charitable activities		 Activities
undertaken
directly
2025
£
795,429
Activities
undertaken
directly
2024
£
721,069		 Support
costs
2025
£
108,790
As restated
Support
costs
2024
£
94,071		 Total
funds
2025
£
904,219
As restated
Total
funds
2024
£
815,140

Page 25

YMCA SOUTH DEVON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Costs of goods sold		 Total
funds
2025
£
779,752
15,677
795,429		 Total
funds
2024
£
705,532
15,537
721,069

Analysis of support costs

Establishment costs
Repairs and maintenance
Office expenses
Printing, postage and stationery
Sundry and other costs
Cleaning
Motor expenses
Travel and subsistence
Advertising and promotion
Accountancy and legal fees
Bank charges
Legal and professional costs
Bad debts
Loss on sale of tangible fixed assets
Depreciation of tangible fixed assets		 Total
funds
2025
£
22,566
3,920
19,538
6,328
8,220
3,073
10,241
503
9,435
7,800
128
10,360
-
-
6,678
108,790		 As restated
Total
funds
2024
£
13,111
3,487
12,564
6,436
11,534
2,899
9,536
758
9,402
3,550
(1,444)
5,274
2,371
2,217
12,376
94,071

Page 26

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

10. Auditors' remuneration

The auditors' remuneration amounts to an auditor fee of £6,900 (2024 - Independant Examination fee of - £960).

11. Staff costs

Wages and salaries
Social security costs
Other pension costs		 2025
£
708,987
50,888
19,877
779,752		 2024
£
652,096
39,080
14,356
705,532

The average number of persons employed by the Charity during the year was as follows:

Youth activities
Administrative activities
Management activities		 2025
No.
27
5
4
36		 2024
No.
26
6
4
36

No employee received remuneration amounting to more than £60,000 in either year.

The total employee benefit, including employer pension contributions, paid to the key management personnel in the year to 31 August 2025 is £155,768 (2024: £151,430).

12. Trustees' remuneration and expenses

During the year, one Trustee received remuneration of £49,163 (2024 - £ 45,461 ) in respect of their employment during the year. None of the trustees received any remuneration in respect of their roles as trustees or reimbursement of expenses during the year.

During the year ended 31 August 2025, no Trustee expenses have been incurred (2024 - £NIL) .

Page 27

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Tangible fixed assets

Cost or valuation
At 1 September 2024
Additions
Disposals
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024
14.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 Long-term
leasehold
property
£
212,144
-
-
212,144
150,214
4,791
155,005
57,139
61,930		 Office
equipment
£
75,215
1,363
(379)
76,199
63,614
1,888
65,502
10,697
11,601
2025
£
876
10,542		 Total
£
287,359
1,363
(379)
288,343
213,828
6,679
220,507
67,836
73,531
As restated
2024
£
957
8,546
11,418 9,503

Page 28

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

15. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 September 2024
Resources deferred during the year
Amounts released from previous periods		 2025
£
3,050
11,411
23,730
53,759
91,950
2025
£
22,701
45,028
(22,701)
45,028		 As restated
2024
£
3,313
8,191
28,121
24,479
64,104
2024
£
-
22,701
-
22,701

At the balance sheet date, the Charity was holding funds received in advance of £45,028 from a number of different income streams including a £44,273 of grant funding, £475 from tour fees and £280 from hall hire.

16. Creditors: Amounts falling due after more than one year

2025 2024
£ £
Other creditors 10,607 22,659

Page 29

YMCA SOUTH DEVON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17. Prior year adjustments

£24,479 of creditors and £8,546 of debtors were missed last year, this was made up of the following; accruals of £1,779, deferred income of £22,700, prepayments of £8,115 and accrued income of £431. Prior year adjustments have been made this year to reflect this.

Page 30

YMCA SOUTH DEVON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

18. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Nightstop
Total of funds		 Balance at 1
September
2024
£
65,197
26,609
91,806		 Income
£
1,061,922
33,000
1,094,922		 Expenditure
£
(909,385)
(6,495)
(915,880)		 Balance at
31 August
2025
£
217,734
53,114
270,848

Unrestricted Funds

General Funds

This consists income and expenditure from nursery and school income as well as donations.

Restricted Funds

Nightstop Project

Income was received for the setting up and running of a Nightstop project, placing young people at risk of homelessness with trained volunteers.

Page 31

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

18. Statement of funds (continued)

Statement of funds - prior year

Statement of funds - prior year
Unrestricted funds
Unrestricted Income Fund
Restricted funds
Nightstop
Total of funds		 Balance at
1 September
2023
£
39,407
43,763
83,170		 Income
£
824,883
30,087
854,970		 As restated
Expenditure
£
(799,093)
(47,241)
(846,334)		 As restated
Balance at
31 August
2024
£
65,197
26,609
91,806

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
67,836
53,114
252,455
-
(91,950)
-
(10,607)
53,114
217,734		 Total
funds
2025
£
67,836
305,569
(91,950)
(10,607)
270,848

Page 32

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds
2024
£
-
26,609
-
-
26,609		 As restated
Unrestricted
funds
2024
£
73,531
78,429
(64,104)
(22,659)
65,197		 As restated
Total
funds
2024
£
73,531
105,038
(64,104)
(22,659)
91,806

20. Reconciliation of net movement in funds to net cash flow from operating activities

21.

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Loss on the sale of fixed assets
Increase in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in bank
Total cash and cash equivalents		 2025
£
179,042
6,679
(556)
-
(1,915)
16,174
199,424
2025
£
294,151
294,151		 As restated
2024
£
8,636
12,376
(271)
2,217
(1,918)
(1,032)
20,008
2024
£
95,535
95,535

Page 33

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

22. Analysis of changes in net debt

Cash at bank and in hand At 1
September
2024
£
95,535
95,535		 Cash flows
At 31
August 2025
£
£
198,616
294,151
198,616
294,151		 Cash flows
At 31
August 2025
£
£
198,616
294,151
198,616
294,151
294,151

23. Pension commitments

Defined Contribution Scheme

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £19,877 (2024: £14,356) and £Nil (2024: £Nil) were payable to the fund at the balance sheet date and are included in creditors.

YMCA Pension Plan

YMCA South Devon participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCAs in England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of YMCA South Devon and at the year-end these were invested in the Mercer Dynamic De-Risking Solution, 40% matching portfolio and 60% in the growth portfolio and Schroder (property units only).

The most recent completed three-year valuation was as at 1 May 2023. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets held before and after retirement of 4.16% and 2.66% respectively, the increase in pensions in payment of 3.61%, (for RPI capped at 5% p.a.), and the average life expectancy from normal retirement (of 66) for a current male pensioner of 22.2 years, female 24.1 years, and 24.0 years for a male pensioner, female 26.0 years, retiring in 20 years time. The result of the valuation showed that the actuarial value of the assets was £132m. This represented 86% of the benefits that had accrued 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 al employed deferred members became deferred With the removal of the salary linkage for benefits all employed deferred members became deferred members as from 1 May 2011. The valuation prepared as at 1 May 2023 showed that the YMCA, Pension Plan had a deficit of £21.3 million. YMCA South Devon has been advised that it will-need to make monthly contributions of £1,326 from 1 September 2025. This amount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual performance of the Pension Plan. The current recovery period is 14 years commencing 1st May 2015. In addition, YMCA South Devon may have overtime 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 South Devon may be called upon to pay in the future.

During the year ended 31 August 2025, the charity made payments towards the deficit and administration costs of £20,952 (2024: £24,238).

Page 34

(A company limited by guarantee)

YMCA SOUTH DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

24. Operating lease commitments

At 31 August 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2025
£
8,966
14,790
23,756		 As restated
2024
£
8,966
23,756
32,722

25. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

26. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 August 2025.

27. Controlling party

The Charity is under the control of the trustees and there is not considered to be an ultimate controlling party.

Page 35