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Portland Red Triangle Young Men's Christian Association
Annual Report and Financial Statements
For the Year Ended 31 December 2024
Charity Registered in England and Wales Number: 1170011

Portland Red Triangle Young Men's Christian Association
Contents
For the Year Ended 31 December 2024
Reference and Administrative Details
Trustees, Report
Independent Examlnerfs Report
Statemenl of FinancialActivities
Balance Sheet
Notes to the Flnancial Statements
8-14

Portland Red Triangle Young Men's Christian Association
Reference and Administrative Details
For the Year Ended 31 December 2024
Trustees
P Warren
T Morrison
A Reed
D Bush
A Burrows
M Eden
(Chair)
Co•ordlnator
A Spen￿r
Prlnclpal Offlce
YMCA Club
Reforne
East¢)n
Portland
Dorset
DT5 2AN
Independent Examln•r
D Rudd FCA
Dorset Accountancy Limited
Unit 2.11, Cty & Provincial House
Surrey Close
Weymouth
DT4 9GD
Status
Charity Registered in England and Wales No 1170011
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Page 1

Portland Red Triangle Young Men's Christian Association
Trustees. Report
For the Year Ended 31 December 2024
The trustees wesent their report and unaudited financial statements of the charity for the year ended 31
December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and compty wrth the charity's governing document and Accounting and Reporting by
Charrties: Ststement of Recommended Praclice 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 2015).
The CIO was registered with the Charity Commission on 3 November 2016 and on 1 January 2018 the trade
and assets ofPortland YMCA. an unincorporatedcharty (charity number 800484) were transferred intothe CIO.
The CIO is therefore continuing this trade and assets arKI Sin￿ the activities of the charity have remained Ihe
same throughout, the accounls have been treated as ifthe CIO had always been in existence.
Commlttee
The committee members (trustees) named on page 1 were appointed to serve for 2024 and to date.
Appointment ofcommittee members is governed bythe constitulion ofthe charrty. The committee hasthe power
to CO-OP UP to two additional members to serve until the Annual General Meeting and to fill casual vacancies
until the Annual General Meeting. The committee seeks to ensure that the needs of the charity are appropriately
reflected through the diversty of the trustee board. Trustees are recruited by way of social media, advertising
and word of mouth.
Inductlon
New committee members undergo an induction and are supplied with a trustees pack supplied by YMCA
England to inform them of their responsibilities under charity law while the board of trUSt￿S help them
understand the business and operation of the charlty.
Investsnent powers
The constitthion does not provide authorisation for the trustees to make and hold inveslments.
Constit￿lon. objects and pollcles
The Charitable Incorporated Organisation (CIO) is governed by its conslitution adopted in 2017 and its
objectives are to lead young people to the Lord Jesus Christ and to fullness of lrfe in Him and to provide or
assist in the provisK?n in the interests of sochql welfare of facilities for recreation and other leisure time
occupations for men and worren with the object of improving their conditions of life.
Pay Pollcy for Senlor Staff
The Irustees consider the C￿ordInatOr as key management personnel. The C(￿ordinator undertakes the day to
day management of the charity, and as such, the salary reflecls Ihe importance of Ihe post and is agreed by the
trustees annually.
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Page 2

Portland Red Trlangle Young Men's Christian Association
Trustees, Report
For the Year Ended 31 December 2024
Publlc benefft ststement
In planning our activities for ihe year the Trustees kept in mind the Charity Commission's guidance on
public benefrt at every meeting.
Wrth the help of the Co-ordinator the Trustees try to provide a wide variety of activities for people of all
ages, genders, race or faith. These include fftness Iraining. exercise classes for a variety of age groups, art
classes and a mother and toddler group.
The trustees presently employ 6 part lime staff and 9 volunteers to help with Ihe day to day running of the
charty. The employees work very hard and keep the charty running very smoothly for which the trustees are
extremely grateful.
Achlevements and perfomiance
In 2024. under the heading of future developments. It was proposed to find space for the Charity Shop to fulfil its
potentl81 In a more organised way. It was agreed that the best way forward was to move the Cardio room to the
Ladies changing rooms and use the vacated room for the Charity shop. This would entail major structural
alterations to the changing rooms so quotes were obtained and the Board Members selected a builder and he will
commence work in the autumn of 2025.
The Dance studio has been decorated and LED coloured Ilghts fftted. new fl¢)oring VRS also laid. It gives il a nice
atmosphere.
Flnanclal Revlew
The charity received total income of £126.765 during the year compared with £102.293 In 2023. Charitable
activities increased again during the year. they were £120,387 (2023: £98,920).
Total expenditure increased to £111,871 (2023: £100.822) and is mainly due to increases in repair and
maintenance and an Increase in wage costs. The charty has made an ovefall surplus for the year of
£14,894 (2023: 1,471)
Future developments
At thls present time no major future developments are in the pipeline. We will be purchasing a couple of ballet
barres for our dance studio from the funding we received from Court Leet. We will concenirate this year
trying to recruit new Members to the Board, arranging new activrties and push ahead with fund raising
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Page 3

Portland Red Trlangle Young Men's Christian Association
Trustees, Report
For the Year Ended 31 December 2024
ReseNes policy
At the year end the charity has total reserves of £423.342 of vthich £330.284 are ￿presented by Land, buildings
and equipment used to deliver the charity's charitable aims. The remaining reserves are £93,058 which include
designated reserves of £48,607 and £44,451 of general free reserves.
Reserves are provided to ensure the financial stability of the charity and the ability for it to meet its charitsble
objectives for the foreseeable future. The mvement in reserrfes is shown in the notes to the accounts. If for any
reason, there was a fall in incorne the trustees felt we should have a reserve in pla￿ to cover the running costs
of the club and future unforeseen maintenance requirements in relation to land, buildings and equipment. Of the
designated reserves £33,607 equates to approximately 4 ffK)nths' operating expenditu￿ and £15,000 relates to
buildings and equipment repairs and maintenance.
Rlsk management
A previous Health and Safety ofter on Ihe committee, Mr Chris Perrett. has put in place a solid risk
assessment for the building. The Irustees are also satisfied with the operation and financial side and there
is a sound system in place lo mitigate our exposure to such risks.
Statsment of trustees. responslbllttles
Thetruslees are responsible for preparing theTrustees' Report and the financial statements in accordance wilh
applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The
Financial Reporting Standard applicable inthe UKand Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice}.
The law applicable to charilies in England & Wales requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the income and
expenditure of the charity for that period. In preparing these financial statements. the trustees are required lo:
select suitable accounting policies and then apply them consistently;
observe the M￿hOdS and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent.
stste whether applicable accounting stsndards have been followed. subject lo any material departures
disclosed and explained in the financial statements. and
prepare the financial ststements on the going concem basis unless it is inappropriale to presume thal the
charity will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable
accuracy al any time the financial positi'on of the charty and enable them to ensure that the financial statements
compty with Ihe Charities Act 2011. the Charity (Accounts and Reports} Regulations 2008 and the provisions of
the trust deedlconstitution. They are also responsible for safeguarding the assets of the charity and hence for
laking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on .l.0/4.Pn l 2025
. and s￿ned on their behalf by:
D Bush
Truslee
T Morrison
Trustee
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Page 4

Portland Red Triangle Young Men's Chrfstian Association
Independent Examiners Report
For the Year Ended 31 December 2024
I reportto the trustees on my examination ofthe accounts for Portjand Red Triangle YMCA ("the charity") forthe
year ended 31 December 2024.
Responslbllttles and basls of report
As the charity trustees of Ihe charity you are responsible for the preparation of the accounts in accordance with
the ￿qUIrementS of the Charities Act 2011 ("the 2011 Act").
I report in respect of my examinalion of the charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act.
Independent examonerfs ststement
I have completed my examination. I confirm thai material matters have come to my attention In Gonnection
wlth the examination giving me cause to believe thal in any material respect:
accounting records were not kept in respect of the charty as required by section 130 of the 2011 Act; or
2. the accounts do nol comply with these records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of the
accounts set out in the Charities (Accounts and Reports) Regulations 2008 olher than any requirement that
the accounts give a 'true and fair viw which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examinatSon to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Daniel Rudd FCA
Unit 2.11, City & Provinclal House
Surrey Close
Weymouth
DT4 9GD
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Page 5

Portland Red Triangle Young Men's Christian Association
Statement of Financial Activities
For the Year Ended 31 December 2024
Unres-
tricted
Res-
trkted
2024
Total
Unre8-
tricted
2023
Total
trlcted
Notes
Income from:
Donations
Charitable acllvities
Other trading activities
Investment income
Grant income
4,569
120,387
1.032
777
4.569
120,387
1,032
777
1,707
98,920
1,102
564
1.707
98,920
1,102
564
Total Income
126,765
126,765
102,293
102,293
Expendlture from:
Expenditure on charitable
activities
111.871
111,869
100,822
100.822
Total expendlture
111.871
111,869
100,822
100,822
Not Incomel(expenditure)
I4￿94
14.894
1,471
1,471
Transfers between funds
Net movement In funds
14,894
14,894
1,471
1,471
Reconcillation of funds
Fund balances at
1 January 2024
408,448
408.448
406,977
406.977
Fund balances at
31 December 24
423.342
423,342
408,448
408,448
All incorning resources and resources expended derive from conlinuing aclivities.
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Page 6

Portland Red Triangle Young Men's Christian Association
Balance Sheel
As at 31 December 2024
2024
2023
Note
Fixed Assets
Tangible Fixed Assets
330,284
334,301
Current a880ts
Debtors
Cash at bank and in hand
2.236
94,186
2.385
73.657
96,422
76,042
Amounts falllng due withln
one year
10
{3.364)
(1.895)
Net Current A888ts
93,058
74,147
Net A88ets
423,342
408,448
Fund8
Unrestricted:
General
Designated
374.735
48,607
359.841
48.807
Restrlcted
423.342
408,448
Total
11
423,342
408,448
Approved by the Trustees for issue on ..
D Bush
Trustee
T Morrlson
Trustee
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Page 7

Portland Red Triangle Young Men's Chrlstian Association
Notes to the Financial Statements
For the Year Ended 31 December 2024
Accounting policles
1.1 Basls ofpreparation
The financial statements have been prepared in accordance with 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 2015F {Charities SORP (FRS 102)).
The chartty meets the definition of public benefrt under FRS 102. Assets and liabilities are initially
recognised athistorlcalcostoitransac￿n value unless otherwise stated inthe relevant accounting policy.
From 1 January 2018. the charity transferred all of its net assets and activities from Portland Red Triangle
Young Men's Christian Associalion (charity no 800484) lo the CIO. Portland Red Triangle Young Men's
Christian Association (charity no 1170011). The CIO is therefore continuing this trade and assels and
since the activities of the charty have remained the same throughout, the accounts have been treated as
if the CIO had always been in existence.
1.2 Flxed assets and depreciatton
Fixed assets are stated at cost less accumulated depreciation. Depreciation is not provided on land and
buildings as ihe property is maintained in a continual slate of sound repair and has a residual value not
materialty different from the amount the property is included in the accounts. The Commrttee also
consider that the remaining useful lrfe of the property is more than 50 years and therefore the depreciation
charge woukl be insignificant. For other assets. deprecialion is provided at rates calculated10 write off the
cost less estimated residual value of each asset over its expected useful life. as follows:
Sports equipment
Equipment
15% reducing balan￿.
15% reducing balance.
1.3 Income
Donalion and legacy income is recognised on a cash basis, in the year in which the income is physically
received.
Income generated from charitable activities. including memberships. is recognised in full at the date of
entitlement.
Income from other trading activities is recognised in the period in which the chanty is entitled to receipt.
1.4 Expendlture
Resources expended are included in the Statement of FinancialAclivities on an accruals basis. Liabilities
are accounted for in Ihe accounting period to which they relate.
Charitable activty is the cosl of running the general purpose of thecharity and includes both costs relating
to activities provided. along with administration costs. Govemance costs are those costs associated with
the governance arrangements of thecharity. and are included wrthin expenditure on charitable activities.
1.5 Debtors
Trade and other debiors are recognised at the settlement amount due and prepayments are valued althe
amount prepaid.
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Page 8

Portland Red Triangle Young Men's Christian Association
Note to the Financial Statements
For the Year Ended 31 December 2024
Accounting policles (contonued
Cash and bank in hand
Cash at bank and in hand comprise of cash on hand and call depostts. and other short-temi highly
liquid investments that are readity convertible to a known amount of cash and are subjecl to an
insignificant risk of change in value.
Cred5tors
Creditors and provisions are recognised where the charity has a present obligation resulting trom a
past event that will probably result in the transfer of funds to a third paty and the amount due to
settle the obligation can be rrEasured or eslimated reliably. Creditors and provisions are recognised
at their settlement amount.
Fund a¢¢ounting
General funds are unrestricted furKls receivable or generated for the objects of the charty without
further specified purpose and are available as general funds.
Restricted funds are to be used for specffic purposes as laid down by the donor. Expenditure which
meets this criterion is charged to the fund.
Designated funds are funds set aside by the committee out of unrestricted general funds for specific
future purposes or projects.
Income from charitable activities
Unr•s-
trlcted
Totsi
2024
Unres-
trlcted
Total
2023
trlcted
Subscriptions
Hire of hall
Hire of sports facilities
Mother & baby group
Fundraising
Accommodabon
Refreshments
Charity shop
5,577
27.495
14.603
2.241
2,849
51,797
620
15,205
5,577
27,495
14.603
2,241
2.849
51.797
620
15,205
5,911
25.721
12.932
2.631
4,206
41,277
961
5.281
5,911
25,721
12,932
2,631
4,206
41,277
961
5.281
120.387
120,387
98.920
98,920
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Page 9

Portland Red Trlangle Young Men's Christian Assoclatlon
Notes to the Financial Statements
For the Year Ended 31 December 2024
Expendlture on charltableactlv5tSe8
Unre8-
trlcted
Res-
tricted
Total
2024
Unres-
trleted
Res-
tricted
Total
2023
Wages
Rates
Light, heat & power
Water and effluent
Insurance
Hall maintenance
Equipment maintenance
Ground rent
Poslage and stationery
Telephone
Advertlslng
Cleanlng
Provisions
Llcences
Charity Shop
Professlonal Fees
Computer software
Bank charges
Credil card charges
Sundry
Depreciation of
equipment
Govemance costs
56.494
488
9,493
1,884
5,128
13,836
4,418
350
559
883
56,494
488
9.493
1,884
5,126
13,836
4,418
350
559
883
48.170
555
8,564
2,039
4,461
5.833
11,271
350
602
761
46
1,947
5,818
48,170
555
2,039
4,461
5,833
11.271
350
602
761
46
1,947
5,818
2,890
2,988
2,890
2,988
687
1.372
664
369
1,055
687
1,372
664
369
1,055
598
235
598
235
4,253
4,062
4,253
4,062
4,961
3,167
4,961
3,167
111,871
111,871
100,822
100,822
Included In governance costs:
Subscriptions
Legal and professional
Audilors remuneratlon
Independent
Examination fee
Accountancy fee
2,886
2,048
1,176
1.119
4,062
4,062
3,167
3,167
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Page10

Portland Red Triangle Young Men's Christian Assoclation
Notes to the Financial Statements
For the Year Ended 31 December 2024
Net Income
2024
2023
This is stated after charging:
depreciation
auditors, remuneration:
Audit services
Other services
4,253
4,962
Particulars ol employees
The average number of staff employed by Ihe charity during the period was 4 (2023 - 4).
The aggregate payroll costs of the above were:
2024
2023
Wages and salaries
Social security costs
Pension costs
55.631
47,524
861
646
56.492
48,170
No employee eamed more than £60,000 per annum (2023 - £60.000).
The key management personnel of charity comprised the cO￿rdInator. The total employee benefits
received were £21.652 (2023: £16.382).
The charity has 9 unpaid volunteers, which contribute towards the day to day running of the club and
organisation of the charty's activities. No monetary value has been recognised wilhin the financial
statements relating lo the benefrt received from volunteer time.
Trustee Expenses
No trustee received any remuneration from the charity during the year (2023 - £nil).
No expenses were reimbursed to any truslees of Ihe charity during the year (2023 - £nil).
There have been no related party transactions during the year (2023". none).
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Page 11

Portland Red Triangle Young Men's Chrlstlan Association
Notes to the Financial Statements
For Ihe Year Ended 31 December 2024
Tanglble fixed assets
Land and
Sports
buildings Equipment
Equlpment
Total
Cost
At 1 January 2024
Additions
306,183
68.218
68,592
238
442.993
238
At 31 December 2024
306.183
68.218
68.830
443,231
Depreclation
At 1 January 2024
Charge for the period
53,264
2,243
55,429
2,010
108,693
4,253
Al 31 December 2024
55.507
57,439
112,946
Net Book Value
At 31 December 2024
306,183
12,711
11,390
330,284
At 31 December 2023
3CE,183
14.954
13.162
334,300
Debtors
2024
2023
Prepayments
Other debtors
2,034
202
2,183
202
2,236
2,385
Cash at bank and In hand
2024
2023
Current account
Savings account
Business Investor account
Cash in hand
21,254
26.175
45,894
863
8,454
3,034
61.348
821
94,186
73.657
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Page 12

Portland Red Triangle Young Men's Chrlstian Assoclatlon
Notes to the Financial Statements
For the Year Ended 31 December 2024
10 Credltors: Amounts falllng due wlthin oneyear
2024
2023
Accruals and deferred incorrke
3.384
1,895
3,364
1,895
11
Fund movements
Balance at
1 Jan 2024
Balance at
Transfers 31 Dec 2024
Income Expendlture
Unre8trlcted
funds: General
Designated
359,841
48.607
126.765
(111,871)
374,735
48.607
408,448
126.765
(111.871)
423,342
Fund movements
Balance at
1 Jan 2023
Balance at
Transfer8 31 Dec 2023
Income Expendlture
Unrestrl¢ted
funds: General
Designated
391.977
15.000
102.293
(100,822)
(33,607)
33.607
359,841
48,607
406,977
102,293
{100.822)
408.448
The designated fund is sel aside for future development and upgrade of the freehold propety and
equipment owned by the charity and lo cover running costs for a four month perh)d as a contingency
In the event that the charty's income suffers a reduction.
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Page 13

Portland Red Triangle Young Men's Christian Association
Notes to the Financial Statements
For the Year Ended 31 December 2024
12
Analysls of nat assets batw•en funds - 2024
Unrestrfcted Unrestricted
Restricted general deslgnated
funds
funds
funds
Total
2024
Tangible assets
Debtors
Cash at bank and in hand
Creditors due within one year
330,284
2.236
45.579
(3.364)
330.284
2,236
94,186
(3,364)
48.607
374.735
48,607
423,342
Analysls of net assets between funds - 2023
Unrestricted Unrestricted
general designated
funds
funds
Restrlcted
funds
Total
2023
Tangible assets
Debtors
Cash al bank and in hand
Creditors due within one year
334,301
2.385
25,050
(1.895)
334,301
2,385
73,657
(1,895)
48,607
359,841
48,607
408,448
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Page14