YMCA HALIFAX AND DISTRICT YOUNG MEN'S CHRISTIAN ASSOCIATION FINANCIAL STATEMENTS 31 MARCH 2024 Charlty reglstratlon number: 1163210 Company registratlon number: 09490466 STREETS SPENSER WILSON CHARTEKED ACCOUNTANTS
HALIFAX AYJ D DISTRICT YOUNG MEN'S CHRISTIAN ASSOCIATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PAGE TTUStees' annual report {incoryorating the dI101S report) tndependent examinels report to th¢ tru&t¢es Sialemtrnt of financial 8Ctivities (including Iorne and expenditure account) Ststement of fInal&l position Notes to the fthancial statements
HALIFAX AND DISTRICT YOUNC MEIY'S CIIRISTIAN ASSOCIATION COMPAI¥4Y LIMrrED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORP0114TING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 The truslees, who are also the directors for the pu0$¢8 of company law> present th¢ir r¢port and the unaudited finattcial stalem¢nts of the clthrity for th¢ year lded 31 March 2024, REFERENCE AND ADMTNISTRATIVE DETAILS Reglstered charity ngtne Halifax and District Yowig Men's Christian Association Charlty rtglsfration nwmber 1163210 Company registration number 09490466 Prlnclpal offlce registerÈd The Mgrlborough Hall ffle¢ 13 Crossley Street Halifax IIXI IUG The trusteej R Bussey (Ch&ir) T Bendrien AHo¢ P Boothroyd (Treasurer) P Jackson CustodAal Trustee The Association 18 all illdepend¢nt member of the YMCA movement in England and is arrilioted to the National Council of YMCA, . Independent examiner Mr8 E A Short Streets Spenser Wilson (Yorkshire) Limited Equitsble House 55 Pellon Lane Halifax West Yorkshire HXI 5SP B4nk Unity Thist Bank plc Four Brindleyplace Bitmingham BI 2JB
HALIFAX AND DISTIUCT YOUNC MENIS CHRISTIAN ASSOCIATION COMPANY LIMITED BY GUARAwfEE TRUSTEES, ANNUAL REPORT (t¥CORPORATtNG THE DIREcfoR'S REPORT) {coAil¥ed) YEAR ENDED 31 MARCH 2024 STRucfiiRE, GOVERNANCK AIYD IVIANAGEMEi%'T Governlttg documettt The organisalioD is a charitable co2nparLy limited by guarant¢< inco4K>rated un 14 MaTch 2015 and Te£islered as a charity on 19 August 2015 (No 1163210). The Company was established und¢r a Memorandum of Asso¢iation which estsblished the objects and powers of the charitable company and is governed under the Article8 of Association. In the event of the company bcillg wovnd up mcmber.% re required to contrAbut¢ an amount not exceeding £1. OrganisatlonAI strllctsre Halifax 3nd District YMCA is organised so that ihe tftteeS meet six to nine times a ye8r and are responsible for policy decisions. Management commlttee The ov¢r811 r¢spon8ibility for Halif3x and District YMCA Yests with the"M8Dagem¢nt Corornittee" (tb¢ boardof mattagement). The members of the committee are trustees of th¢ charity. This year tjiey have dealt with a large Dumber of Inanagement, staffing and operalioual mattcrs. The bogrd met on two o¢¢asions but kcpl in collta¢l digiuilly. Re¢rU1tllnL of trustees 18 by p¢rsonal contscts of existing Trustees members. n ¢ontact digitally. Trustse Induetion aod Traloing Induction of Tnjslees is largely through iDforn]al discussion with new recrnits. Truses are supplied with an policy defining th¢ trust¢es' roles and responskbilTlie8 together with a copy of the Lonstitutioll. Rlsk M4nagemeDt The board of management is aware and has assessed the risks to which the Association is exposed and has t8ken reasonablc steps to enstsre the Association's safety. Where appropriat¢J Systems or procedur¢s ave beeEt established to mitigat¢ the riykb the charity faces. Internal Gontrol risks are minimised by the implementAtion of procedures for aulhorisation of all transactions and proje¢lg. Proccdures are in place to ensure cornpli&nce with h¢alth and safety of staff, volunlecrs, cli¢nts and visitors and systems Mre in place to ensure that DBS checks hav¢ been carri¢d out on atty persons working WAth ctiildrcn.
HALIFAX AND DISTIUCT YOUNG MENIS CHIUSTIAIY ASSOCIATIOIY COMPANY LifvllTED BY GUARANTEE TRUSTEES, ANNUAL REPORT (TrICORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 IIRCH 2024 OBJECTIVES AND ACTIVITIES Objectives And alms Halifax and Distiict Young M¢n's Association's Central aims are. to ellable people* particularly the young, to develop as full parttcipants in society, by their involvement in relevant services and programm¢5. and to enable them to grow in 7nind and spirit and to enjoy friendship, help and support particularly in times of need. Accordingly w# stand for-.- a worldwide fellowship based on the ¢qua] value of persons respect and freedom for all, tolerance and understanding between people of different opinions active concern for the netds of the community united effort by Christians of diff¢renl traditions We aim to... provide a ivelcome to members for them8elves, in a meeting piaee that is theirs to Share, where frielldship catt be made and counsel sought. develop activities which slin]ulate aud cballenge our membeTS ID 8n ¢nviromllent that enables them to take responsibility and fmd a sense of achievement. involve all members in care and work for Dthers. create opportunities for exchanging vffi¢ws, so thut members can improve tbeir understandinu of the Worl of themselves and of one another. ACHIEVEMENTS AM) PERFORMANCE Since p8ttd¢mi¢ restsictions have been lifted the staff hav¢ developed the school wllfom exchange scheme which has become a great help to families with school age children. We are the official referral agency for Calderdllle Local Authority for familics sccking help with the proviAiOU of school unifonns. Th¢ main Sou¢ of income has been roller skate parties but the staff have also dev¢lop¢d new sources of rental income on the back of the refvrbishDJent of the building Publlc Benefit StAtement Our main activiti¢s and those who we help are described elsewhere in this r¢port. All our chaTitable activities are ulld¢rtak¢n to further our charitable puJpo$es and aims for the public benefit. The Board of managing trust¢¥s have had regard lo the Charity Comn)ission's guidance on public benefit for the year when deciding on the activities of the charity.
IIALIFAX AND DISTrICT YOUNC MEN'S CHRISTIAN ASSOCIATIO COMPANY LIMITED BY GUARANTEE TRUSTEESI ANNUAL REPORT (INCORPORATING THE DIRECTORIS REPORT) YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Trallsactlons And Financlal Positioll The operating surplus forthe }'ear was £19,298 to cany forward to the following year, (2023 - £28,647). Th¢ charity has Unpaid volUntCe to help run its V05 activities. Reserves policy It j5 the poh'cy of the chBrity to maintain unrestricted funds not committed or invested in taDgible fixed as$ets at a level which ¢quates to at Ica5t three months unrestricted expenth'thre. This w0d pmvtde sutTicien( funds to cover manogem¢Dt aDd administration and support costs to enable the chlty to Continu¢ its curreni activities in ihe ¢venl of a significant decline in fundin8. Three month cxpenditure amounts to approximately £37.000 and tbc total unrestricted funds ar¢ L86,894. The trusl¢¢s are to continue a¢¢umulating fijllds under the "new" Charity to build up Teserve5 and to Continue to make improvement8 to the wop¢rtydnd ikne facijities provided. Princlpal fundlng sources The principal souic¢s of income were from roller skating activities 70Y. Govemment grants (P/a donations and legacies 8Q/o. Rents and letting lo other tommvnity and youth service organis&tion$ 40/oy income otherprogran)me activities I¥O/o. 5bop ill¢om¢ Ofr/D. PLANS FOR FUTURE PERIODS The main priority for the Tntstees is lo develop the Associlltion's programmes and acÉivities, and continue witli the major TebJrbisl)mcnt of the Premises. Th¢ trust¢es' anllual report and the strategic rqyirt wer¢ approved on 24 December 2024 alld signed on behalf of the board of trustees by.. RBUSSEY Tn]ste¢ AHOE Trustee
HALIFAX AND DISTRICT YOUNG MEN'S CHRISTIAN ASSOCIATION COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OF HALIFAX AND DISTRI YOUNG MENIS CHRISTIAN ASSOCIATION CcoNrfMedJ YEAR F.NDED 31 MARCH 2024 I report to the tn]stees oll my examination of the fmancial slatements of Halif&x aDd Dislrict Young Men's Cbristian Association ('the charity,) for the year cnded 31 March 2024. RESPONSIBILITIES AND BASIS OF REPORT A¥ th¢ trustees of the company (and also its directors ftpr the putpo$es of company law) you are responsible for the preparntion of the fIanCial statemeDts in a¢¢ord8nce with the requiremeuts. of the CoEnpanies Act 2006 ('Ihe 2006 Act,), Having satlsfi¢d myself Ihat the accounts of the company are Iiot requlred to be audited under Part 16 of the 2IXI6 Act a[ are cli8ibl¢ for independent examination, I report in respect of my ¢xamination of th¢ charity'5 9ccoiinls as carried out under section 145 ofthe Charities Act 2011 ('Ihc 2011 Act'}. In arryiiig ou1 my examillation I have followed the Directions given by the Charity Commission ullder S1100 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT J have completed my examination, I eoafuin tIt no matters have come to my atteution in connection with the examination gÉving me ¢ause to believe.. accounting TOrdS were not kept iTh respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records. or th¢ fjnancial statem¢nls do not cornply with the accounting requirem¢nts of section 396 of th¢ 2006 Act other than any requirement tliat the accourtls give a 'true al fair, view which ffi8 not a matter ¢onsid¢red as parl of an independent examination. or the financial statements have nor been prepthred in a¢cordallce with the methods and prillciples of the Stalemellt of Recommended Pjwlice for accoulltitig alld reporting by ChTtieS applicable to chariries preparing tbeir OC¢Okthts ID accorddu¢e with tbe Finalloial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). I have no concen)s and have come across ao othermatters in connection with the examination lo which attention should be (kawn in thts report in order to enable tt proper uiiderstandtng of the accounts to be reac1d. Mrs E A Short Independent Examiner Streets Spenser Wilson (Yorkshire) Limited Equitable House 55 Pellon Lane Halifux West Yorkshire HXI SSP
HALIFAX AND DISTRICT YOUNG METrI'S CHRISTIAN ASSOCIATION COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES NCLUDING INCOME AM) EXPEIYDITURE ACCOUPIT) YEAR EM)ED 31 MARCH 2024 2024 Unrestricted fiM]ds Total funds Total funds 2023 Iyote Income and endowments Donations and legacies Charitable activities Other trading activities Total income 14.297 148,942 7.Q30 14297 148,942 7,030 170,269 7,849 140,315 6,550 170.269 154,714 ExpÈllditur¢ Expenditure on charitable activities Trtal expendlture I50,971 150.971 150,971 150,971 126,067 126.067 Net inCOD)e and net movement kn lunds 19,298 19,298 28,647 ReconcIllatlon of funds otal thuds brought forward Totsl funds ¢#rried fonward 67.596 67,596 38.949 86,894 86I94 67.596 The ststement of financial activities iD¢ludey all gains and I0eS recognised in the yeor. All income and expenditure dLYiv¢ from conlinuing activities. The notes on PAges 8 to 15 form part of these finfyncfiAI statememts.
IIALIFAX AND DISTRICT YOUNG MEN'S CHRISTIAN ASSOCIATION COMPAPIY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Note CURRENT ASSETS Debto Cash at and ill hand 14 453 114,511 114,964 12.793 95,678 108,471 cREDORS. ainounts fAlling due )vllhltt one yeAr NET CURRENT ASSETS 15 28,070 40,875 8&894 67,596 TOTAL ASSETS LKSS CURRENT LIABILITIES 86,894 86,894 67,596 67,596 NET ASSETS FUNDS OF THE CHARtTY Unr¢stricted fundB 86,894 86,894 67,596 Total chorlty fundg 17 67,596 For the year ¢lldins 31 Marcb 2024 the charity was entitled to ex¢tnption from audit under section 477 of th¢ compani Act 2006 relating to 8mall compauie& Directors, r¢sponsibiliti¢& The mcmbers have not required th¢ Company to obtain an audit of ils fjnancial stalem¢nts for th¢ year in question in accordallee with section 476; The directors acknowledge their SponSIbl]Itte9 for complying with the r¢quir¢m¢nts of the Act with respeot to accounting records and preparation of financial ststtments. These financial statements have b¢ett prepared in a¢¢ordat)ce witkn the provisioll8 applicable to companies subject to the small compani¢s' regime. These financial statements were approved by the board of trustees and authorised for issue on 24 December 2024, And &Te signed on b¢half of the boErd by: R BUSSEY Tst¢¢ AHOE Trnstee The n•te5 on pages 8 to 15 form p4rt ofthese finAneiAI statement&
HALIFAX AND DISTRICT YOUNG MEN'S CHRISTIAN ASSOCIATION COMPANY LIMITED BY GUARANtEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 GENEK4L JNFORMATION The charity is a public benefit entity and a private cotnpany limited by guarantec. r¢gistered in England and Wales and & tEgistered chlty in England alld Wales. The addrcss of the registered office is Th¢ Marlborough Hall, 13 Cr05sl¢y Str¢¢L Hallfax, HXI IUG. STATEMENT OF COMPLIANCE These fu141 statements have been prepared in compliance with FRS 102, 'The Financial Reportillg Standard appli¢able in the UK and the Republic of Ir¢l8nd'. the Stotem¢J)t or Recomm¢Dded Practtc¢ applicable to charities prepfiring their 8¢counts in accordance with th¢ Financial Reporting Standard applicable In the UK and RepubliG of Iieland {FRS 102) (Charitie5 SORP (FRS 102)) and th¢ Companies Act 2006. ACCOUNTING POLICIES Ba$is of preparatlon Th¢ financial slalements have been prepared on the historical cost basis. as modified by th¢ Tevaluation of certain fitsancial assets and liabilities inve5trDetst properties measured at f8ir value through income or expenditure. Tbe financial statements are prepared in sterlin& whT¢h is the fiCtIOnal CUTrency of ih¢ entity. Golng Collcern In assessing the appropriateness of th¢ application of the going concern basis. the lrnstees has considered the uncertainties arowid the genera] economic environment. the current Imd future tradittg perforn)ance of the charity and the available c85h. The trustees have a reasonable exp¢ct8tion that the ehariry has adequate resOUe$ to coutinue in opera(ional ¢xistence for the foreseeable tllre. Accordingly. they continue to adopt the guing concem basis in preparÉJg tlpe annual Tepo¥t and financial staternents. Jlldgemènts and key sourees of estimation uncertginty The pr¢parntion of the financial stRtemenls requires rnana8¢ment to make judgements, estimates and as8umptions that affect the amounts reported. These estimates alld judg¢ments are continually review¢d and ar¢ based on experAence and Dther factors. includillg expectations of fure events that are b¢lieYed to b¢ reasonable uuder the citcumstances. There dre not coJJsidered to be uny judgement$ or accounting estimates or assumptions that have 4 signific4nt impact on the fiJwAcial statcmeThts.
HALIFAX AND DISTRICT YOUNG TrtEN'S CHRISTIAN ASSOCIATION COMPANY LIMED BY GUARAIYTEE NOTES TO THE FINANCIAL STATEMENTS (¢tsnrfA4¢d) YEAR ENDED 31 MARCH 2024 AccouHfiNG POLICIES fct¥#ts#NedJ Fund 8ceountlng Unrestricted fiu7ds areavailable foruse atthe discretion ofthetru51e¢s to furtheTRny oftbe ¢harity'8 purpoges. Dcsignated funds are unrestrict¢d funds e8Tmark¢d by the ¢nJsl¢es for particular project or commitment. Restricted ndS are subjected to rtrActionS oniheir expenditure declared by the donor or through the lemis of an appeal, &nd fall into one of two sub-classes: TQStTiCted income funds or endowment Incumlng resources All in¢orning resout¢es are Included in the statefnent of financial activities when cntitletnent has passed to the ch]ty- Ll ts probabl¢ that the econorni¢ benefjrs asso¢iated with the tran8&¢1ion will tIow io the charity and tile amount can be Teliably measured. The followtng specific PDlicies ar¢ pplted to particular Categories of income: irycome from donations or grants is recognised when th¢r¢ is ¢vidence of enlitLement to the gift. Teceipl is piobabl¢ and its omount can be m¢asuT¢d Teliably. 1¢8a¢y income is recognis¢d when Tecetpt is probable and ¢Ill¢ment is established. iu¢om¢ from donated good8 is rn¢asuTed ut the fair value of the goods unl¢sB this 18 impructical to measure reIiAbly. in whic& cas¢ the value is derived from the cost to the donor or the estimated resole value. Donated facilitles and services are reCoj8Cd ITh the accounts wlien received if thc valuc cali be reliably measuttd. No amouJ)Is 8r¢ included for the contribution of general volunteers. income from contraets for the supply of service$ is re¢ognised with the delivery of th¢ contracted 8ervice. Thi5 is classified as unrestricted funds n]eSS there is a contractual requirem¢llt for it to be spent OD a particular pU03t and returned if unspen( ill wbiih case it may be regarded as restricted.
HALIFAX AM) DISTRICT YOUNG MEN'S CHRISTLIN ASSOCIATION COMPANY LtMITED BY GUARANT[¢ E NOTES TO THE FINANCLIL STATEMENTS (¢yMths*¢d) YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES {r4Pmlltyved) Resources expended Expenditure is recognised on an accrnals basis as a liability 18 in¢iwr¢d. Exp)dire includes any VAT which cannot be fully 0vered. and is classified underheadings of the statementof financial actLV&ti¢s to which it relates: expenditDre oll raisin£ fynds includes the costs of all fundraising activities. evcnts. non- ¢baritablc trading a¢tiviÈie& and the sale of donated goods. expenditure on Charitable activities includes all 005ts incured by a chllriry in widertaking activities that fvrth¢r its charitable ain)s for the benefit of its beneficiaries, including fhose support costs. and ¢osls relating to th¢ governance ol. the cbarity apportioned to cliarit4ble clivities. oiher ¢xpenditure includes aEI expenditure that is neither r¢lated to raising funds for the charity nor part ofits ¢xpenditur¢ on ¢haritabl¢ a¢tivilies. All costs are allocated to expenditure categories reflecting the us¢ of the tesource. Dir¢¢t costs attributable lo a single Octivity are allocat¢d dir¢¢tly ts tliat activily. Shared costs aro apportiolled b¢tw¢en £he a¢tivi11¢5 they colllrÉbute to on a reayonable) justifiable and ¢on51slent basis. Flnanclal Instrument$ Tlie compatty only bas finanoial ass¢ts and financkal liabilitics of a kind that qualify as basi¢ financial instruments. Basic finaftcial instruments are initially recognised al transa¢tion value and subsequently m¢asurcd at their settlement value with the exception of bank loans wliich are 8ubsequentlym¢asur¢d 8t amortised costusing the effective illterest metho(L Defilled ¢ontribudtsn pla8 Contribution8 to defined contnl)ution plAns are recognised as an ¢xpen5e in th¢ period in which th¢ r¢lated service is provided. Prepaid contributions are reeognised as an asset to the extsnt Ihat the pr¢paym¢Tht will lead to a reduction IEJ fthture payments or 4 cash refund. When colltributions are not expected to be settled wholly within 12 months of the end ot the reporting dale in which the employees render the related service, the liability is m¢asured on a discoutjled present valu¢ basis, Th¢ unwinding of the diSCOUDt IS Tccogniscd &5 an expens¢ in tho period in which it arises. LIMITED BY GUARANTEE The Charity is a compally litnited by guaralltee. E&ch member und¢rtakGs to contribute such an nount (not exceeding £1) as may be r¢quir¢d in tbe evenl of winding up.
HALIFAX AND DISTRICT YOIJNG MENIS CHRIST[, ASSOCIATION COMPANY LIMITED BY GUARANTEE , NOTES TO THE FINANCIAL STATEMENfs letyiiiinwd) YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES Unrestrtcted TotAI Funds Unrestricted Total Fujuls Funds 2024 Fullds 2023 DONATIONS Cafe donations 14,297 14297 7.849 7.849 CHARITABLE ACTIVITIES Unrestricted Total Funds Uttrestticted Total Funds Funds 2024 Funds 2023 Pantomirne society Coffee bar Roller skaling 13,871 16,393 118,678 148,942 13.871 J 6393 118,678 148,942 8,949 14,730 116.636 8,949 14.730 116.636 140,315 140,315 OTHER TRADING ACTIVITIES Unrestricted Total Funds Unrestricted Total Funds Futtds 2024 Funds 2023 Shop in¢oD Leltings 4,310 2,240 6.550 4,310 2,240 6.550 7,030 7,030 7.030 7,030 LXPEf4DITURE ON CHARftABLE ACTIVITIES BY FUND TYPE UntrICted Totsl Funds Unr¢51riot¢d Total Funds Funds 2024 Funds 2023 Pantomime Sooiety Catering Coffee Bar Roller Skating Support Costs 16.786 8,868 72.3ll 53,006 150.971 16,786 8,868 72Jll 53,1106 7,995 7.954 68,621 41,497 126,067 7,995 7,954 68,621 4l,497 l26.067 150,971 li
HALIFAX AND DISTRICT YOUNG MEN'S CHIUSTIAN ASSOCIATION COMPANY LIMITED BY GUARANTE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 EXPENDITURE ON CHARABLE ACTIVITIES BY Acrivrry TYPE Aetiviti¢8 uDdertak¢n directly Support costs Total funds Tot&1 fuDd 2024 2023 Support costs Pantomime Society Catering Coffee Bor Roller Skating Govffl)ance oosts 45,992 45,992 16,786 8,868 72,31J 7,014 150,971 37,021 7,995 7,954 68,621 4,476 126,067 16.786 8,868 72,311 7.014 97,965 53.OC6 10. ANALYSIS OF SUPPORT COSTS Totsl 2024 Total 2023 Premises Communic&tions and IT Generdl otTi¢¢ G0VenCe costs Rat¢s and water Repairs and mailltenance Snsur4nce Cleaning Trav¢1 $ts Rent Sullthy exp¢ns¢s 10,280 2,219 1,494 7,014 1.593 14,732 8,121 1,708 225 5,000 620 12.815 2,345 1.600 4,476 5.712 7,202 730 150 5.000 819 53.006 41.497 11. INDEPEENT EXAMINATION FEES 2024 2023 Fees payable to the independent examittcr for: Independent examination of the financial statements 2,705 2.456 12
HALIFAX AM) DISTRICT YOUNG MENIS CHIUSTIAN ASSOCIATION COMPANY LIllTED BI. GUAIL4NTEE NOTES TO THE FINANCIAL STATEMENTS f YEAR ENDED 31 MARCH 2024 15. CREDITORS: am(Junts falllng due Ivlthin ODe year 2024 2023 Trade creditors Accrnals and def¢rred incom¢ Social s¢curity 8nd other taxes Halifax & District YMCA (charity only) Other credito 8,270 9,400 385 22,557 263 7,195 568 18,233 2,074 28,070 40,875 16. PENSIONS AND OTHER POST RETIREMENT BENEFITS Dellned contrlbutlon plons Th¢ amount recognised in income or ¢xpenditure &£ an exp¢ns¢ in relatioll to defll*d contribution plans was £972 (2023., £737). 17. ANALYSIS OF CHARITABLE FUNDS Unrestrlcted funds l Apr 2023 Income Expelldtture 31 Mar 2024 General fimds 67,596 170,269 (J 50,971) 86094 l Apr 2022 tncome Expenditure 31 Mar 2023 General Thd5 38,949 154,714 (126,067) 67,596 14
HALIFAX AND DISTRICT YOUNG MEN'S CHRISTIAN AsSOcTION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR EIYDED 31 MARCH 2024 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestriot¢d Total Fynds Funds 2024 Currenl a88et8 Crcditors lcss than l ye¥r Iyet 4ssots 114.964 (28,070) 86,894 114.964 (28,070) 86.894 Unrestri¢t¢d Total Fund% Furtds 2023 Current assets Credttor5 less than l year r4et assets 108,471 (40,875) 67,596 108.471 (40,875) 67.596 19. RELATED PARTIES Halifax tu)d District Young M¢n's Christian Association ig an unincorporated charity in which tbe trustees of this eharitabl¢ OTgaDisation ar¢ also trustee8. Ineluded wxthin othereredttors is abal8nce of £18,233 (2023- £22.557) due to Halif8x and District Young Men's Christian Association. 15