REGISTERED COMPANI. NUhlBF.R: 10405117fft (F.ngl&nd and lTrales} REGISTERED CHARITY NUMBER: J172479 RF.PORT OF THF. TRLTSTF.FS AND UP*AIIDITED FIN.4NCIAL STATE1¥1E)TS FOR THE I'EAR ENDED 31ST l.RCH 2024 FOR YMCA M'ELLINGTOI .4ND DISfRicr D E Bdl & C'o Limited Charte1 Accountants 15 Brid2e Road IK"'Llliiigiun Telford Shropshire TFI IEB
I'MCA II"F.I.I.INGTOh .&ND DISTRICT CONTENTS OF THE FI.I.4.NCI.4L ST4TE.IIEfTS for th¢ Endcd 315t 11gr¢h ?024 V#ge Report of the Tru51ee5 Independent Exgminer's Report Statement of Financlal Actliities Balante Sheet CAsh Flow Statement Notes to the Cash F]tsw Siatemtnt Notes to Ihe Flnnclal St#¢ements 10 to lfi
YMC.A IYF.I.I.INGTON .4ND DISTRI (RF.GISTF.RF.D NII3IIIF.R: 104110701 REPORT OFTHE TRLSTEES ror the Tr"ear Ended 31st Ilr¢h 2024 The irnstees who are algo direcioTS of the chanty for the purpose.% ot'ihe Cornpanies A¢t 21K>fi. present their teport witli the financial statements of the charilv for the Near ended 3 Isi March ?04. The trustees haNe 3dopted the proi'isions of Accounting and Reporting by CharitlLb.' Staletncnl ot RLCOllUntndd PruLtiLL' appliLdble tv ChtiL piepann¥ their ll{count in AccordanLe with the Finlittl Reportinn Standard applicable in the UK and Republic of Ir¢land {FRS I O?) (effective l January 2019). OBJECTIVES AND .ACT[lTlEs ObjeetSves and aims Following the inLorporation of Ihc oiganisation in OLiobcr 2U16. tsur revised objcctivcs and aims arc." To pwvide residential accommodation for young people. wlMTr are Ln ned. hardship or distres5 by reason of their s(Kial, PhY]eal, To providc or assisl in ihc provision. ihc iniercsts OrLa[ Wilfare. of facilitics for rttrcation and oihcr Icisurc timL OCLupation for men and wilh the objecl of imPTOVlll their condiiions ot-lite- To proi'ide or in ihe provision of ethicalion for people of all dnd in particular }oun¥ rwle. with the objeet of developing their physical, mental OT 5pinlual rapacities- And 10 relieve or assist in the lief of people of all ages and in particular voun¥ people. who are in condiiions of need. hardship or distress by reaion for their social. physical. emotio]lll. spiritual or ec4)nomic c751Ces. We do this tbrough offering Short Term Suprt¢Ll Accommodation and tloatin¥ support Ihiough the Thtive P&innctRhip. Public benefit The lain actiNity is undertaken to further our charitable objective for tk public benefit. ACHIEVEMENT AND PERFORTrIANCE Chxritahle artii'itie$ The Bo&rd is am'are of the need to be rn0 th&n a lathdlord and put5ues a polic) of pm%'iding support for oung people. This bUPPOrt Includes developin&N life skills. manaLTinLT mertlal health or substaiice misuse Issues, sexual healtli advice and help to access tr81Thing. eduealion and employment. Thrive Tplford Short Term Supported ACCOdatiOn ISTS.4) YMC.A Wellington has 40 units af aeiommodation across 4 sile& with a mix of selt-contained and shared housin4. Established couples and sin&Tle Ople are elbgible. Ive can alio house pregnant orne whilst they wait for ace0ini]dat10n with a Tlirive InilY scheme. Suppon can include help wilh benefirs. housin& emoiional supw)n, al)1 or drug adiic¢, working with education and training provider5. rnedialion WiLh fatnily in order lo bilild bridges. liaising with menlal health setvices and sigtwosling to otheragencies. All accommodation is offertd through the Thrive Gateway: no direet referrals are accepted Thrive Telford Floatin¥ Support YMCA WelliTrgion offer floaring siipport io people aged l6+ of any ientsre. providing they are resident in Ihe boroiigh of Telfthrd. We support in pcoplc'% hotllL5 and al%(Tr via JrL)p in aJi'iLL hubs. This suppvrt can illLludc hclp with bLneliLN housing. alcohul 01 dtu¥ advice, liaisinTr with rnenlal liealih services and signposiing to otlier agencies. This is through ihe Thrive Teltord partnership in conjunction with Stay Telford and KIP. The Holly Projett Thc Hollw ProJcLI is a frcc support scrviLL for sllr%'ivors of Lhild Scxllal E.xploitation ICSEI and run by survivors OICSE. It oftirs a safe place for individuals and their lavnilies to support and ad3.ice from r£ople who really understand the tiauma and lasting impact tsf C.SE. The Holly Project rnns groups for and i'i¢iinkS ab ell as f¥milieb and paienis and Includes direct acc¢ss io SpeClISt collnlling dnd %exual health services. Page I
YMC.A IYF.I.I.INGTON .4ND DISTRI (RF.GISTF.RF.D NII3IIIF.R: 104110701 REPORT OFTHE TRLSTEES ror the Tr"ear Ended 31st Ilr¢h 2024 FINANCIAL REVIEW The charity has had another year of llsing Reserves built up 10 previous y&qrs io filnd projects and serviees thai overall have created un excess Ot'LXPtnditurc over income for the ytllr. Moving lorward, the managemeni and Trustees ha%e set a balan¢et1 budget for the )ear to I l March 2U?4. The actual income Jnd ¢xpendilure is beinsv closely monitored £ompar¢d io these budgets throu¥h the provision of tim¢ly moiithly managFenieiit reports Reserves poli The Irusiees liave esiablished a policy where ihe general fund should hold ai leasl the equivalent of the cosis of six rnonihs overhfads, approximately L75,0(>O, to enable the clwiiy to contitlue if there was a short terni 5i8nificant dmp in rental income or dot]ation5. STRUCTURE. GOVERNANCE AiYD TrIAiYAGEMENr Governing dment The charitv 15 conliolled by its governing docuTneTht. a deed of iru51. and constitules a limited company, limited by guarantee. a5 defined by the Companies Aci 2(KJ6. REFEREP4CE AND ADfvIINASTALQTIW"E DETAILS Registered Compan). number 10405070 (Enitrland and 14'alesl Registered Charitv uMber 1172479 Re%istered oifKe Consort House Vi¢lurid Avenue ellinolon Telfoid Shropshire TFI INH Trustees C'.hairpcr%on Mr H P Griffith Vice Chairperson l Hon Tieasurer I Chair Finance & Property Comm. Mr P F Miirray MT J R P311inson C Ilr A McC'.lements Mrs T Guest Re. T Carter Mr8 C Farr Chief ExecutiTr"t Mrs M Mulloy Prebident MTS K Taggan CDmp#nv Secretary Mrs L M Doran Page 2
YMC.A IYF.I.I.INGTON .4ND DISTRI (RF.GISTF.RF.D NII3IIIF.R: 104110701 REPORT OFTHE TRLSTEES ror the Tr"ear Ended 31st Ilr¢h 2024 REFERENCE AND ADl[llsTRA DET Alls Independent Examiner D E Ball & Co Limited Chartered AccOutants I f Bridge Ro&1 W¢llingrton Telford Shropshirc TFI IEB Appiov¢d by order ot th¢ boaJil of itust¢¢s on 25th Sepl¢wnb¢r 2024 signeil ils. half by.. H P GTifYiths- Truslee Page 3
IhDF.PF.NDF.hT F.X.4)IIIF.R'S RF.PORT TO THF. TRUSTF.F.S OF Independent tx&minerf5 pOrt to thv trustees of 13IC.4 M"tlliDgton And Dislri¢t I'the Compan},) report io rhe uharii>' Irusie¢s on m}. examination of the aicoimts of the Compani" for ih¢ year ¢nded.I I st Mah 2024. ReSPOT15ibilities bw515 Dr report As ihe ch&riTh's tmsiees of the Company (and also its directors for the purposes of cornpany law) you are responsible for the prtpurlltion uf tht L'cuU11t accord4LllCe with tht rtsiiiiremLllt4 uf tht con1p41 Aci 2O(kn i*he 20D6 Ac¢l. Hjving satisfieL1 myselt that the accoun of ihe Company are not required ¢0 be audited under Part 16 Ol- the 2006 Aci and are ¢ljÉTibl¢ for independenl examination, I report in respect of rny exaniination of your charit)'s accounts a& carried out under Section 145 of Ihe Charities Aci 2011 I'ihe 2011 Aci'l. In carfying oui my examittsiion I have lollowed the Direciions given b5, Ihe Chariiy Commission undcr Sc¢tion 145{51 Ibl of t} 2011 Abt. Independent exatniner 5 5taternent Sinc¢ your Charity's incorne ¢%cee(le(1 £250.1 your eKJmiDer be a member of a 11ste(I body. I rTrnfirtn ihJt l qualified lo llndenake the examination because l am a member of ihe Institure of Chanered A¢¥ountants in England and W31¢s, whiLh is onc ot thc lisicd bodics. I have completed my examination. I confirni ihai no matters have come to my attentlon in ioiinectim willi th¢ eXamin10n giving me cau%e lo belIee.. acLoullting ieioids were Trot kept Iti reJPCLI of ihe Company &% rtquifftl by Section 386 of the 21x16 Act: or the accounts do not accord with those recor(ts." or the accounts do not compl). '1th the accouniing require]nents of Section 396 of the 26 Act other than any requirement that the dccoiint% give * true aTrd tair I'l¢ which 15 not il rnartei Conldered ab part of an independent exaiTrilliilion; or The ac¥OilIhlS have noi been prepaied in a¢¢ordan¢e Wilh ihe Mtih(S and prin¢iples of Ihe Siaiemeni of Recommended PraLlice for aCLounting and reportitjg bv LF.arilits lappliLablÈ to chariiies preparing their accounls in accordance with ihe Fiiiancial Reporting Standard applicable in the UK aTbd Republic of Ireland IFRS 10211. I have nu Lon¢ernK and have come aLro%% no other niatter% in cunnectioii with the examination to which attention thuuld be drawn in this Teport in order to ¢nable o proper Vndethnding of ihe ac¢ounis to be reaihed. D E Ball & Cu Limited Charttrtd Accoiinlants 15 Bridge Ro&1 WLllin¥to Telford Shmpshire TFI IEB 25tli Sepicmbcr 2024 Page 4
I'MCA II"F.I.I.INGTOh .&ND DISTRICT gTATEfvIE.%T OF FI.1.clAL.AcTI,.ITIEs ror the Tr"ear Ended 31st Il*r¢h 2024 31.3.23 Total fun Unteslii¢led funds Re5tTiCted fid Total Thds Nvtes INCOME AND ENDOM'MENTS FROL¥I Dongtioiis and legaLies 11,41X> 11,490 16575 Oiher chatiiable aciivilies Invegtincrlt inLomL Total 3.64? 5?4 915.656 3.642 718202 67 915 656 EXPENDITLIRE ON Charitable activities Provision ofsupported accOllOdatIO. floating support & bonneLled projects. 814020 814020 813.682 NET INCOMEI(EXPENDITURE) IUl,636 101,636 178,038) RECONCILIATION OF FUNDS Toial tunds broughr forward ?20.208 184.674 404,882 482,920 TOTAL FUNDS CARRIED FORWARD I.674 404.882 The notes lorni part of these fukclaI siatements Page 5
YMC.A IYF.I.I.INGTON .4ND DISTRI (RF.GISTF.RF.D NII3IIIF.R: 10411*0701 B.LNCE SHEET 31$1 %lar¢h 1024 Unteslii¢led funds Re5tTiCted fid Total Thds Tot31 fun Nvtes FIXED ASSETS Tangible Jssets Inve¥iments 172.407 302 1ti6.42J 29b,83(> 302 2W,112 293,905 3Q2 294207 10 126.423 CURRENT ASSETS Debtors Lash at bank 70.784 17A.374 ?49.108 70.7¥4 236.i75 30',.359 106,621 171,OfiQ 271.681 CREDITORS AmoLmts falling due within one year 12 {?4.2031 {24.203) (86_321} NET CURRENT ASSETS 4.IJ05 <8.251 ?8J,l 56 191 TOTAL ASSETS LESS CURRENT LIABILITIES 397.614 184.674 485567 CREDITORS Atnount% fdllin(F dut Jller Tnore thJn year {75.7701 {74,770} (8Q,685} NF.T ASSETS FLIYDS 154.fi74 15 Llnresrricied tiinds R¢stri¢ied funds TOTAL FUNDS 220 ?fl8 184.674 184.674 506$18 The charitable ¢ompany is entitl¢d to ¢xemptiot] from audit under Section 477 of the C(xnpani¢s .A¢t 2006 for the year ended 31st March 2024. The mtmbers hai'e not required the compan). to obthin an audii ol its financial stalernents for the year endtd 3 Isl fvlarch 2024 in accordaiice '1th Section 476 ot the companie Act:(10(,. Th¢ Iruste¢s acknowledge their r¢sponsibilities for (a) eiisuring that the Charitable company kttps aicouniing Tetords that comply wilh Sections 386 and 387 of the Companies Act 2006 and preparing financial siaiemenL8 which gil'e a tru¢ and fair view of the sthie of affairs of the charitable company as ai the end of c&ch fLnancial year and ot ils suTrlus or dcficit for cacb financial y&qr in accordancc with thc rcquirLments of ScLrion% 394 and 395 and w'hich oiheTWlSt comply wilh th¢ requir¢Thents ol the Companies A£1 2006 relating to tinancial statenients, so far as applic8ble to the charitable Company. (bl The notes lorni part of these fukclaI siatements Page 6 continued...
YMC.A IYF.I.I.INGTON .4ND DISTRI (RF.GISTF.RF.D NII3IIIF.R: 10411*0701 BALAh'CE SHEET- eontlnved 31$1 %lar¢h 2024 These financial statements have been prered in accordance with the provisions applicable to Charitable companies subject io the small companie5 re&Fimt. The financial 51ateTnents were approved b} the BoaTd of TTU5tee5 and auth0ri5ed for issue on 25th September 2024 arml were signed on its behalf by= H P GrilYiths- Truslee The notes lorni part of these fukclaI siatements Page 7
I'MCA II"F.I.I.INGTOh .&ND DISTRICT C.4SH FLOII. ST.4TE.%IEliT ror the Tr"ear Ende4131$t Ilr¢h 2024 31.3.24 31.3.23 No C$h flovis from operating ¢tiviti¢s Cash generated froni operations Net cash provided bY/{ed in) operating activilies 79.738 79.738 126.5091 1 ?6 5U91 Casb tlows frorn inTr'esting aetivities PurLhd%e ot'tangible tixed assets- Inieies¢ received Net ch (used inl/pTovided by investin¥ activilies 867 352 9.30 Casb flows frojn financlllg actlTritles Li)an repaymeTrtN in year Net cash used in finaneiThg activities 4.91$ 4,915 Challge ill cash aDd cash equiTr.alets the r¥yuriiiJ¥ y¥riud Cash and eash equl&lents 1 ihe btglnnlllg of the reportlng period Cash and ¢a5h equivalents t the end of ihe rertIng period 65.515 (130.7881 171.06ti 301 848 236 575 The notes lorni part of these fukclaI siatements Page 8
I'MCA II"F.I.I.INGTOh .&ND DISTRICT LIOTES TO THE CASH FLO1%" STATEI¥IE.NT ror the Tr"tar Ended 31st Il*r¢h 2024 RECONCILIATION OF NET LryCOIIEIIEXPEf4DITUREI TO NET CASH FLOM. FROM OPERATING ACTIVTTIES 31.3.23 et illcomel(expendithre) for the reporting period {as per the Statement of FIn3Cial Actii'itie5) Adjustments for: Depretsiaiion charges Inte51 reeeii'ed DeLrtrasc/lincrca8e) irl dL'btor Decrease in creditors Net cash provided byl(used inl operations 101,636 178,Q381 4.907 15241 35,837 62 1181 5,975 18671 151,8051 12(1 5091 AP4ALYSJS OF CH.4NGES IP4 ET FUNI)S At 14.23 C&%h flow At 31.3.24 Net cg$h Cash al bank 171.060 171.060 236 575 236 575 65,515 Debi tk.bt% tdlling duc within l ycar tkb15 falling due after l year 17,UOUI 75.7701 8?.7701 180.685 8?.685} 4.915 4,Yl Total The notes lorni part of these fukclaI siatements Page 9
I'MCA II"F.I.I.INGTOh .&ND DISTRICT 'OTES TO THE FLNANCI.4L ST.4TE.IJE.%TS ror the Tr"ear Ended 31st Ilr¢h 2024 ACCOUNTING POLICIES Basi5 of prep3Ting the financial statemeDts The finunLiuI %tatetllLnt% uf the chantable LMPY. whiLh 1% d publiL 'tfIt cntity under FRS 10? have prepuied in accordance with the Charitie5 SORP IFRS 102) 'AccouDLiD¢F and Rertin(l by ChaTitie5.' StaterDent of Recoinmended Pracii¢e applicable to chari¢]e> preparing their ¢counis in a¥cordan¢e w'ith the Finan¢i*l Reporting Standard applicable in the UK and Republic ot Ireland IFRS 1021 leffecrive l JaiiuaT), ?(119I', Financial Reportiiis Standard 102 'Th¢ Financial Repoming Standard appliLdble in Ihe UK and Republic of Itrland. and the Companies Aci 2006. The financial staiements have bccn prLpared undLY thL histOllLal cost Lonvenlion. with thc excq)¢ion of investments whiLh arc inLludLd at marklt value. All incL)me is r¢¢ognised in the Siaiemeni ot Financial A¢tiviii¢s on¢¢ the charity has eniiilem¢nt io Ihe funds, li is PTob&ble that lh= incomc will bc rccciwcd and thc amount can bc reliabl. Expelldlture Liabiliiie% are recogni%ed a% expeIllure as %oon there ts a legal or eon%tructii'e obligation cornmirting the charity to that expenditure, Il ii probable thal a transfer ofeconomic benefits wjll be required in 5etileTnenl and the amounl of the obligation can be metssured reliably. Expenditure is xcounred for on an aictuals basis and has been Llassified under headings thai agybwregate all cost r¢laied io the cate¥ory_ whe cosis ¢aiinoi be diredly attributed io particular heading$ they have been allocated to activities on a basis consistent 1th the Use of resources. Tanglble flxed #sseis Depreeiation is provided ai the following annual rdlcs in order b) wrile off each asstt over ils estimattd useful lile. Fixrure% and fitling Computer equipment 25.10 on reducing balance 2$0/o on ¢osi FehOld properly is not depClated. The Irus¢tts are of the view that Ihe level i)f on¥oin¥ repair and maithnanCe of the property will result in the residual value of tie property. ai Ihe end of its useful life being oreater than ils original cost. This is revieed #nniixlly by the tnJ4tee The charity is exempi Irom COOratIon tax on its charitable activitie5. Fund aLcouNtINL Unrestricted tunds can be used in xcordanc¢ with the chariiabl¢ ¢)bjeciives ai th¢ dire[lOn of the rrustees. Re5tricltd funds Can onl) be used for parti¢Jlar TEStr]¢ted PUT lthi ihe objects of ihe ¢harity- Re5tnctions arise when specifled bj the donor orwhen funds art raised for panieular rtsiricied puqx>ses. Further explanation of ihe natUTe and purpose of each is included in the notes to the financial stalernents. Page 10 continued...
I'MCA II"F.I.I.INGTOh .&ND DISTRICT r4oTES TO THE Flh.4.%CIAL ST.4TE.ME.%TS- colSned ror the Tr"ear Ende4131$t Il*r¢h 2024 DONATIONS.4ND LEG.4CIES 31.3.24 31.3.23 6,152 9,411 Sundry funding OTHER CRL4IUTABLE AcfiviTIES 31.3.24 31.3.23 Supported &CCOTnmodation & floaring supwrt- FuTnish¢d accomMat]0 Suppurted ac¢ommodaiion & 11031ing SUPFWt- Thn%'¢- FloaiingF support Supported accommodation & floating suppon- Thrii'e- Accoir.mal10n Holly Proje¢t 617,196 70,344 135.196 0,906 475,4YI 63,090 100.116 79,505 718202 INVESTMENT INCOME 3 1.3.23 Deposii account inieresl 524 867 CHARITABLE ACtIVlTIES COSTS Direct Pruvisiun of supported accornrn(Kldtiun. flo%ring siippon k com)eeied projIS. 814020 NET I.NCOI¥IEI(EXPENDITLRE) Net incomef(expendiluiel 1% state(l after chai¥ing(creditin¥l= 31.3.23 Depreciation- oled assets Pagell continued...
I'MCA II"F.I.I.INGTOh .&ND DISTRICT r4oTES TO THE Flh.4.%CIAL ST.4TE.ME.%TS- colSned ror the Tr"tar Ende4131$t Il*r¢h 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trnstees, remuneration or other btnefjts for the year ended_I 1st March 2024 nor for the year ended 3 1st Nfarch 2U23. Trustew, ¢xp¢Ths¢s Thcrc wcrc no trustccs, expenses paiij for ihc ycar cnthd 31st March 2024 nor for the ycar cndcd 3 1st March 2V23. STAFF COSTS ThL aicrngc monthly nuMPr of Lrnployccs during Ihc y&qr w&s as folloiis: 31.3.23 26 Charirable activities ?7 No cmployccs rcccivcd einoluincnts. in exec% of £fh0.o. TANGIBLE FIXED ASSETS Fixtures Freehold prty Compuler cquipinctlt fiftin& COST At I st April 2013 Additions At 3 1st Maich.'024 DEPRECIATIO. At I st April ?023 Charge for year At 3 Isl March 1024 NET BOOK W4LUE At Ilst ¥larch 1024 At 3 1st March 2023 281 ?96 36.705 343.09 530 25(719 352 922 17.729 1.798 19,): 31.456 3.109 34.56$ 49.185 298 830 293 90 7.1(?0 Page 12 continued...
I'MCA II"F.I.I.INGTOh .&ND DISTRICT r4oTES TO THE Flh.4.%CIAL ST.4TE.ME.%TS- colSned ror the Tr"ear Ende4131$t Il*r¢h 2024 FIXED A&SET INVESTMENTS 31.3.24 31.3.23 OtlLer 302 302 There were no investment a&setg outside the UK. Inve%ttnenls (neither listeil nor unli%iedl were tollows= 31.3.23 Charities Official Invesirneni Fund 302 302 The value of ihe shares ai (he 3 Isi March 20?4 was £6.180 12023 £5.677j. DEBTORS: AMOUNTS FALLING DUE ITrITHIN ONE I"EAR 3 1.3.•4 3 1.3.23 Trade debtors Prepayments 11.534 59.?50 10.259 96.362 106 621 J2. CREDITORS: AI¥IOUYTS FALLING DUE ITrITHIN 0E YEAR -11.3.23 Bank alld overdraft4 I.e Dpte 14) Trade Ciedito Accryed expen$es 23,567 17.203 Page 13 continued...
I'MCA II"F.I.I.INGTOh .&ND DISTRICT r4oTES TO THE Flh.4.%CIAL ST.4TE.ME.%TS- colSned ror the Tr"tar Ende4131$t Ilr¢h 2024 13. CREDITORS: AMOUYTS F.4LLING DUE AFfER IIORE THAli ONE YE.4R 31.3.24 31.3.23 Bunk {%eL' nute 141 J4. An al[ysiS olthe maturity of loans is given below.. 31.3.23 ATnounts lalling due within one year on demand-. Bank loans Amounts fdlling between one and two years-. Bank loans . 1-9 years AniuunL fallin¥ duL bLIwLLtI two and fiYL yLaTh- Bank loans - 2-5 year5 fdllin¥ duL in tntTrTL than fivc y. 20.?50 Repayable by insta]ments: Bdnk In% more 5 yr by in%ldl 48,620 53,535 15. MOVEi¥IENT IN FUTrIDS Nei moi'emtnt in fund. At 31.3.24 At 1.4.23 Unrestricted funds Oeneral Fund tree tunds Majt)r Repairs Fuiid Generjl Fllnd - JncL)me shtsrttall fund 7a.208 7.5.000 101,636 171,844 75,000 75,000 -32 1,844 2?0.208 101.636 Restrieted funds Restri¢¢d 184,674 184,674 TOTAL FUNDS 101 636 506518 Net movement in tunds, included in the abol'¢ are as follows- R¢iourLL expended MovLm¢nt in funilq resources UThrestricted funds General Fund . tree funds 915,656 1814,0201 101,636 TOTAL FUNDS 915656 814 0201 101 636 Page 14 continued...
I'MCA II"F.I.I.INGTOh .&ND DISTRICT r4oTES TO THE Flh.4.%CIAL ST.4TE.ME.%TS- colSned ror the Tr"ear Ende4131$t Ilr¢h 2024 MOVEi¥IENT IN FUTrIDS- continued Comptsr#tives for Mtyvlm¥t itt funds et I0venIent in lunds Transfers between lunds At -31.3.23 Ai 1.4.?2 Unrestricted funds General F"und- free funtLs Miijor R¢paiTr General Fund- in¢om¢ shortfall fin)d 178,0381 70,208 75.Ot) I10.IKHJ (35.(KX)I 25.0(X)I 298,?46 178.U38 220,208 Restrlcted funds Rtstriitd 184.674 184,674 TOTAL Fuf4DS 481.9•U 78.U?¥l Comparative ner rnoi'ement in funds. included in the above are Ls lollows.. Incoming resourLes Resources expL"nded Movemeni in tunds Unrestrtettd funds General Fllnd - free fllnds 735,644 (813,6821 178,03SI TOT AL FUNDS 813 (58, 78 0381 A LurrLnt ycar 12 months and prior yLar 12 months cumbinLd r111n follow-: Net Tnovemeryt in fvnds TrdiiS(ers betwee funds At .31.3.24 Ai 1.4.22 Unrestricted funds General Fund- free funds Major Repairs Fund General Fund- income shortfall futhd 8¥.?46 I10.ith) I).1 29X,246 23.598 171,844 75.000 75,000 321,844 135.0(XJl 25.0001 23.598 Re%tricted fund Restriked 184.674 184.674 TOTAL FUNDS 23.5Y8 Page 15 continued...
I'MCA II"F.I.I.INGTOh .&ND DISTRICT r4oTES TO THE Flh.4.%CIAL ST.4TE.ME.%TS- colSned ror the Tr"ear Ende4131$t Ilr¢h 2024 MOVEi¥IENT IN FUTrIDS- continued A eutTent year 12 months and prior year 12 months combined nel movernent in fi]nds, included in the above are as follows.. Resources Movem¢nt in funds resources ,,peed Unrestrl¢ted funds (iLnLral Fund - frcc fund5 1.651.300 (1.027.70:1 23,59X TOTAL FUNDS 1.627.70:1 UnrÈstricted Fund- Ge#eral Fud The truste£s hai'e reviewed and reyised the policy where the g¢eral fund should iiow hold ai least the equivalent olihe costs of three vverheJds. appro.KITnattly £74 (XM), to enable Ihe £harity ¢0 Lontinue if there w5 a short term %igllifiLanl drop in rentsl in¢om¢ or donaiions. Tlie remainin tree reserve5" pro&'ide the Iw5tee5 Wlth Ihe polential to consider. when appropriate, further property purchases. This would enable the WOls1on of addilional or improved housing accommodaiion for young people in ihe area. UNre&trieted Tr'llnd- Majtsr Ktpairs Tr'und This represents fund5 to meet inajor repairs as alld when they arise. This has been reduc£d reflecting the reserves maintained with I, HL)u%ing. Restricted Fund- Wrekin BllildiDgs Fllnd Thi% rLprLscnL% Ihc nct pn)cccds from the le of P£Ut of Wrckin BuildiJiL>. Bank. Wcllington in thL yLaf Lndcd 30th Junc 1995. 16. RELA TED PARTY DISCLOSURES Thcic wcrc no rLlatcd Tyarty ttIULLt10% furthc year ended 31%t March 2024. Page 16
This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic forni, authentication and manner of delivery under section 1072 of the Companies Act 2006.