Registered nurnber." 00734870
Charity number: 243017
LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limlted by Guarantee)
CONTENTS
Page
Reference and Adminlstratlve Details of the Charity, its Trustees and Advisers
Chalmian's Statement
Trustee8' Report
Indapendent Audltors, Report on the Flnanclal Statements
Consolldat•d Statem•nt of Flnanclal Activlt108
Con801idated Balance Sheet
Charlty Balance Sheet
Con801idated Statement of Cash Flow8
Notes to the Flnanclal Statements
3-15
16-19
20
21
22
23
24-46

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Lady K Wi150n QPM, Chair
J Henwood FCMA, Vice Chair
C Burke
H Crawford (appointed 31 March 2025)
N Cucksey (resigned 29 October 2024)
N Dewhirst-vickers
A Fairweather (appointed 27 January 2025)
J Green
W HaW¢in (resigned 14 May 2024}
A Robson
C Roper (appointed 31 March 2025)
C Stacey
D Thomas (resigned 22 September 20241
J Varlow (appointed 31 March 2025)
A Warman (appointed 31 March 2025)
Company reg18tered
number
00734870
Charlty registered
number
243017
Reglstered offlce
Lincolnshire Ymca Ltd
St. Rumbolds Street
Lincoln
Lincolnshire
LN2 SAR
Independent audltors
Robert Anderson (Senior Statutory Auditor)
Street5 Audit LLP
Tower House
Lucy Tower Street
Lincoln
Lincolnshire
LN11XW
Banker5
NatNest
135 Bishopgate
London
EC2M 3UR
Page 1

LINCOLNSHIRE Y.M.C.A. LTD
{A Company Limited by Guarantee)
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
The Chair of the Board presents her statement for the year.
On behalf of the Trustees. l am pleased to present this Trustees Report and Financial Statements for the year
ended 31 March 2025.
We would like to thank our colleagues, volunteers and donors, Their contribution makes it possible for the
Charity to provide services to those that need us most.
This year our colleagues have been immensely helpful in refreshing our purpose and values through a
programme of activities, to ensure individuals, teams and the organisation as a whole, can be their most
effective in delivering on our purpose.
Our refreshed purpose is to ensure that people and communities across the County h8ve the opportunity to
belong, contribute and thrive, so that they feel safe, valued and fulfilled.
It has been a year of challenges and suGcesses.
The Charity has, once again, faced some difficult economic conditions, with increases in costs. whilst some were
one offs, others are ongoing. In the new financial year Ihere are further cost pressures with the increases in
National Insurance rate5 from April 2025. The Charity will continue to explore new funding opportunities,
efficiency improvements and other ways to SUPPOrt our beneficiaries.
In Lincoln we completed two major development projects. We extended our resSdential property on Sheridan
Close, now comprising 16 self-contained apartments, finished to a high standard. We also completed the
refurbishment works to our new youth centre on St Giles, a fantastic facility for the young people in that
community. Our thanks go to funders, donors and conlractors who helped to make these projects possible.
Throughout 2024 our three existing nurseries were all inspected by Ofsted and received 'Good' ratings. We were
also excited to take on a fourth nursery at Honeypot Preschool in Gainsborough which has now become
embedded into our early years provision.
We were pleased to welcome a number of new trustees to the Charity and say goodbye to some who have ably
assisted us over time. The changes have afforded us the skills and experiences needed to change our
governance arrangements. These are starting to take shape and will stand us in good stead as the Charity
explores financially sustainable ways to expand our services across the County to fulfill our purpose.
Lady K Wilson QPM. Chair of the board
Date.. 7 J LiLr wz
Page 2

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the audited financial statements of the Charity for the year
ended 31 March 2025. The Annual Report serves the purposes of both a Trustees, report and a directors, report
under company law. The Trustees confirm that the Annual Report and financial statements of the charitable
company comply with the current statutory requirements, the requirements of Ihe charitable company's
governing document and the provisions of the Statement of Recommended Practice {SORPI applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
The purpose of YMCA Lincolnshire is to ensure that people and communities across the County have the
opportunity to belong, contribute and thrive, so that they feel safe, valued and fulfilled.
Objectives and activities
a. Charltable Objectlves
Lincolnshire Y.M.C.A I'the company. or "the Charity") is established with charitable objectives and is affiliated to
the National Council of the Young Men's Christian Association. It fomis part of the world wide YMCA movement.
The Charity, a Christian organisation, provides people of all ages with the provision of facilities for recreation and
other leisure lime occupation for men and women with the object of improving their Gondition5 of life. The Charity
relieves the poverty of single homeless persons by providing and mainlaining accommodation for such purposes.
For the public benefit to advance education by the provision of children's nursery and day care facilitie5 in
conjunction with government initiatives for disadvantaged families and the provision of facilities for training and
conferences to those in education and involved with young people.
The Charity welcomes, serves and works with persons of all religious faiths and of none.
The Board's strategy for achieving the Charity's objectives is to deliver a range of youth work, child care,
community services and housing across Lincolnshire. Through its trading subsidiary, YMCA Trading Ltd, the
Charity also operates a conferencing and evenls centre and café facility for local community use. Profits from the
trading company and retail activity are distributed to the Charity for general purposes of the Charity.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
publishecl by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity (PB2)'.
Page 3

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
ObjectiV8s and activities {continued)
b. Princlpal activitles
Housing
We maintain 177 housing units across Lincoln, 22 of these are in our Nomad Emergency night shelter. Our
services are offered to those requiring temporary SLtpported Accommodation and we provide wraparound
support to vulnerable people in need.
Early Y•ars Educatlon
Following the acquisition of Honeypot Preschool in July 2024 we operate 4 Ofsted registered Early Years
Education settings in Lincoln and Gainsborough. We have approximately 200 children registered acros5 the 4
settings.
Community Support
The aim of our community development team is to ensure that rural communities across Lincolnshire are
stronger where people come together empowered and confident to make change that they feel is important to
them.
Youth S8rvice8
Our Youth service runs youth clubs and activity programmes across Lincolnshire. These sites include the five
RAF bases in the county. Additionally we deliver "Mind, Body, Spirit" personal development courses to schools
and provide a facilitated venue and activities for children who are home educated.
Health & Fltnes8
In addition to the provision of sports, including parkour through our youth t8am we run Lincolnshire'5 biggest
climbing wall which offers training and facilities to experienced climbers, novices and schools. We also support
schools Éo assess students studying climbing as part of GCSE PE.
Conferenclng & Caterlng
We host a range of clients in our conference spaces at our Lincoln site. The client base includes dance schools,
business conferences, NHS Blood Donar sessions, and private parties.
Retail
We operate Charity shops in Lincoln to generate funds for the Charity and Service a social need for
affordable clothing, and other goods.
Page 4

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Oblectiv8s and activities (continued)
c. YMCA Context
Lincolnshire YMCA is located in the Midlands region of the YMCA Federation and engages with other YMCAS
through the Chief Executives, Ne￿ork, other functional networks and regional committees. On a national level,
Lincolnshire YMCA is supportive of YMCA England and bolh gives and receives support via an exchange of
information and attendance at the National Assembly and the Annual General Meeting of YMCA England.
Lincolnshire YMCA is prominent in the network of local third sector organisations. Staff engage in groups and
committees in areas of work such as youth work, housing and childcare. The CEO and senior team maintain
professional networks around the city of Lincoln. Lincolnshire YMCA engages with local authorities through
housing forums, public health committees and other local action groups when need arises.
d. Public Benefit
We have referred to the guidance on public benefil issued by the Charity Commission and are satisfied that the
Charity's activities as described in our review 2024-25 do provide wider publlc benefit. Board members consider
how planned activities will contribute to the aims and objectives they have set for the Charity via review ancl
approval in their meetings.
strategic report
Achievements and perfomiance
a. Changes in the Executive Team
After seven years as Chief Executive, Caroline Killeavy left the Charity towards the end of 2024. During thal time
the Charity has grown and developed in a number of ways. There was a major refurbishment of the Nomad
Cenlre, our services continued during the Covid pandemic, the Charity merged with Community Lincs and Just
Lincolnshire and thereby broadened our support for vulnerable people across Lincolnshire. As part of a national
YMCA consortium, the Charity now supports RAF children and young people Ihrough the Airplay contract. Then
in the year to March 2025 two major capltal projects were delivered in the St Giles area of Lincoln., a refurbished
16 bed property on Sheridan Close and a multimillion-pound youth centre renovation at St Giles Community
Centre as a new youth provision for the north of the City. The Charity also acquired the new nursery in
Gainsborough and all of our nurseries received Good Ofsted ratings.
The Trustees are grateful to Caroline for her time as Chief Executive, and wish her well for the future. The
recruitment of a new Chief Executive will be concluded over the summer of 2025. The Trustees are grateful to
Chris Kirkwood for stepping up as Acting Chief Executive until a permanent appointment is confirmed,
Page 5

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarante8)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Strategic report (continued)
Achievements and performance (continued)
b. Review of activlties
Housing
We continue to broaden our housing offer, widening the range of quality options for those in need. This will help
to minimise risk to the Charity whilst also improving its financial sustainability.
During the year we completed the works to extend Sheridan House in Lincoln. This scheme improved the
standard of accommodation whilst increasing the number from 8 apartments to 16. We are grateful to Homes
England and other funders who have helped to enable this development.
Lincolnshire Y.M.C,A. Ltd is a registered social housing provider, it's registered social housing number is H2676.
Communlties
We have delivered a very active programme of support for communities across Lincolnshire.
Our village hall advisory service offers specialist support to more than 100 committees managing village halls
and community buildings across the county. We will assist those committees in navigating the challenges of
eff&tive management by providing advice and information.
Working wlth North Kesteven District Council, using funding from HM Government's UK Shared Prosperity Fund,
our employability programme offers free 1-1, personalised career coaching, CV workshops and interview
preparation to ensure that parliclpants can present their best self to future employers.
In Boston, East Lindsey, and South Holland we supported communities to develop pride in place, resilience and
sustainability within these rural areas. We provided support on governance, funding, community engagement,
marketing and volunteer recruitment. We have been able to provide community leaders with skills and resources
to thrive.
Early Years Educatlon
We continue to assess opportunities to expand our services and during the year end we took on the services at
Honeypot Preschool in Gainsborough expanding our ServI￿S to four settings and approximately 200 registered
children.
Youth Services
We operative a very significant and varied programme of youth engagement across Lincolnshire.
In Lincoln we are successfully establishing a youth seNice in the St Giles area. This includes the development of
a new Youth Centre in a property provided by the City of Lincoln Council following a successful £2m bid to the
Youth InvestsTent Fund. The centre opened in January and activities have included wheelchair basketball,
theatre work, football, cricket, alonq with arts and Grafts.
Wellbeing and justlce
The Safer Streets project was successfully completed in March 2025. During the project we engaged with
Page 6

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Llmited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
strategic report {continu8d)
Achievements and performance (continued)
communities in Lincoln, Sleaford, and Spalding to address anti-social behaviour Goncems.
The team continue to support and develop the young ambassador prograrnme. Providing expert advice and
resources to schools to explore areas including equality, unconscious bias, the recognition of equity, respect and
kindness and to equip staff for difficult conversations.
Conf8r8nce & Catering
At the Showroom in Lincoln we continue to provide conference and event services, alongside our café. Each
month we host our popular community meal, EAT (Eat All Together), which is a free meal for all those attending.
Retail
Our retail locations on Burton Road and Moor13nd Avenue in Llncoln provide funding to support our activities.
They also support individuals with access to a range of affordable clothing and other household items.
Fundralslng
This year, along with our regular fundraising activities such as Sleepeasy the focus has been on securing the
final funding for the capital projects at St Giles in Lincoln along with grant funding for large community and youth
programmes.
We are grateful for ongoing support for our Village Hall programme and rural development work from DEFRA,
through our valued membership of ACRE.
Page 7

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Llmited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Strategic report {continued)
Achlevements and performance Icontlnued)
c. Value for Money
Value for money (Vfm) is considered in all our activilies. In line with Ihe social housing regulatory requirements
the required metrics and statements are included below.
Our Approach
Our approach to delivering Value for Money focusses on providing high quality services to our diverse customer
base which are responsive to the needs and aspirations of the people we serve and ensure a positive impact on
their lives,
A key Strategic ambition is to be a sustainable Charity with a long-term horizon, ensuring that our products and
services make a positive contributicn, financially or through social value.
Value for Money Statement
Housing Highlights of the Year
The Nomad direct access homeless Centre provided over 200 people with a safe place to stay and
supported them with a range af multiple and complex support needs.
Collaborative working with the Holistic Health for Homeless team (HHHI continues. This enables our
residents to access on-site medical care as well as HEP-C testing, and Sexual health clinics.
Throughout the year, we have facilitaled visits at our Nomad Centre from barbers, opticians, dentists and
podiatrists to contribute to the wellbeing of our residents.
We have engaged residents in activities at the Oasis garden, a therapeutic garden that we brought into
our Charity portfolio in January 2023.
Our residents have taken part in a number of social activities including visits to the Lincolnshire coast and
local tourist attractions. Residents have also taken part in climbing. parkour activities and cooking lessons
al The Showroom.
We have continued to commit to the training 8nd development of our staff. Through funding from the
Shine Lincolnshire Suicide Prevention Fund, we provided suicide prevention training to our housing team.
We have increased the number of housing units we offer in Lincoln through the redevelopment of one of
our properties, which has delivered another 8 self-contained apartments and converted 8 existing uni15
with shared facilities into self-contsined apartments.
We continue to receive food, toiletries and clothes from the local community and local businesses.
Page 8

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Strategic report (contlnued)
Achievements and perfomiance (continued)
d. Social Housing Metrlcs
M8trlc
202&2025
2023-2024
Reinvestment O
(net of grant5 received)
1.31'/0
New Supply delivered
(social housing units)
as a 0/0 of Current Units
9./0
00
New SL5ppIy
(non social-housing)
as 8 OA of total units
O¥0
Gearing
4.40
-22.30
EBITDA MRI interest cover
Headline Social Housing cost per unit
£18,708
£18,387
Operating Margin (Social Housing)
0.9%
4.10
Operating Margin (Overall)
-2.1%
0.60/0
Return on Capitsl Employed
0.3°1.
e. Plans for future perlod
The current strategic plan for the Charity runs from 2023 to 2028. It sets out the strategic priorities and include:
The delivery of high quality accommodation and personal support to those experiencing homelessness, or
recovering from abuse, discrimination, trauma or social challenge.
Support for urban and rural communities to gain confidence, resources and skills to make positive
changes in their lives.
Ensuring children and young people are provided with the best possible start in life.
Helping people to improve their wellbeing and be happy being who they are, proactivelyworking to
eliminating discrimination and exploitstion.
The Charity has recently refreshed its statement of purpose and is currently considering its values. All colleagues
had the opportunity to contribute to this work. This forms part of a programme of work in 2025 to ensure all
colleagues feel valued, included and motivated to provide excellent services to our residents, beneficiaries and
customers.
During 2025 the Charity is to update the strategy for its residential property, this will then inform future
developments, acquisltions and disposals.
The strategic plan also has a priority to be financially sustainable in the long term. With changes to the cost
base, including the increase in employer's national insurance contributions, the Charity is seeking new sources
of funding and improvements in efficiency to ensure this priority is met.
Page 9

LINCOLNSHIRE Y.M.C.A. LTD
{A Company Limlted by Guarante8)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Strategic report (continued)
Financial revlew
a. Going concern
The Board members consider it appropriate to adopt the going concern basis of accounting in preparing the
financial statements and have identified no material uncertainties as to the Charity's ability to continue as a going
concern over a period of at least fvjelve months from the date of approval of the financial statements. Further
details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The Trustees have conducted their annual review of the reserves policy and wish to retsin free reserves, which
are unrestricted funds not invested in fixed a55ets, funds designated for a Specific purpose or othe￿ise
committed within the range of two to three moiiths of operating costs in service areas that are not already
covered by contracted earned income, that is a range of £550,000 to £825,000. At the year end free reserves
were £974,000 including an adjustment for a property not in acts've use and was disposed of after the year end.
The Charity supports many vulnerable beneficiaries as well as employing permanent staff and in the event of a
failure of funding the Charity would want to meet all obligations in this regard. The diversity of the Charity's
income streams, and the level on insurance cover held have been factors in arriving at the level of reserves the
trustees deem to be necessary.
The Trustees have recogni5ed that whilst free reserves are currently above this range, given increasing cost
pressures and increased uncertainty of funding the Trustees are satisfied with this overall position.
Page 10

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Incom8
Total income for the year was £9,222,863, excluding capital grant funding total income for the year was
£5,785,2241£5,016,378 2023124)- an increase of £768,846.
Income from housing, including the Nomad Centre, increased by £254,096 compared to 2023124.This 8.20/0
increase reflected an increase in the rent from the local authority along with higher than expected occupancy
rates during part of the year.
Income from our Nursery Settings increased by £207,605, or 32.30A as the Honeypot Preschool joined the
Charity and with a general increase in fees received.
The climbing centre at the Showroom had 8 slight fall in income of £6,261 compared to the previous year with an
increase in alternative provision in the area,
Our Youth support work continued to grow, with an increases income of £220,586 with the Airplay clubs on
behalf of the RAF Benevolent Fund at air bases in Lincolnshire continuing through the year and activities in St
Giles in Lincoln commencing, funded by the Youth Investment Fund.
Income to the Communities and Just Lincolnshire teams decreased by £19,950, with differing grants accounted
for in the year.
Trading income from conferences and café decreased Significantly with a £125,776 reduction in commercial
bookings. The Charity IS aiming to increase bookings through a new marketing campaign in 2025.
Donations thi5 year totalled £188,800 which included £120,681 donation received with the transfer of the
Honeypot Preschool.
Details of funding sources are shown in notes 3 and 4 to the Financial Statements.
d. Exp&ndltur8
Total expenditure incurred wa5 £5,905,850 (2023124- £5,527,434); an increase of £378,416. This reflects the
expenses of new services, increases in pay levels, along with general inflationary increases together with
approximately £150,000 of one off non-recurring items of expenditure.
Details of expenditure are shown in notes 7 to 12 in the Financial Statements.
e. Net Movement of Funds
Net expenditure excluding capital grant funding for the year was £120,626, without the one off item5 noted
above, the net income would have been similar to that of 2023124 being £33,358.
A planned revaluation of properties was carried out during the year with a downward movement of £5,073,006 of
which £3,437,639 related to those funded by capital grants.
Page11

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limlted by Guarantee>
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 202S
Structure, govemance and management
Constitutlon
The Charity is constituted as a company limited by guarantee as defined by the Companies Act 2006. It is
governed by its Articles of Association as revised in 2023.
b. Methods of appolntment or electlon of Trust￿8
The Directors of the Company are also Charity Trustees for the purpose of Charity law and under the Company's
Articles are known as governance members. Under the requirements of the Article5 of Association members of
the Board are elected each year and serve for a period of three years. Each member of the Board may serve for
three terms of three years before taking a break of at least one year. The Board seek5 to ensure that the diverse
range of services and activities provided by the Charity are represented by Ihe broad skills mix of ils members.
The Board is made up of members who have backgrounds in business, governance, finance, human resources,
marketing, public service or experience of working with young people. Appointment of new Trustees is an open
process whereby the skills and diverse make up of the Board is considered and a rigorous recruilment process is
followed. This is in line with Ihe best practice from the Charity Commission. No other organisation has a right to
appoint a Trustee to the Board.
The Board seeks to ensure that the diverse range of services and activities provided by the Charity are
represented by the broad skills mix of its members. The Board is made up of members who have backgrounds
in business, finance, human resources, marketing or experience of working with young people. In the event of
particular skills being lost due to retirement, individuals are approached to offer themselves for election to the
Board. No other organisation has a right to appoint a Trustee to the Board.
Payment of Board Members
No fees or remuneration have been paid to any Board member of the Association during the year for their role as
Board members. Reasonable expenses which have been incurred in the duties of a Trustee are re-imbursed.
Page 12

LINCOLNSHIRE Y.M.C.A. LTD
IA Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management (continued)
c. Organisatlonal structure and declsion-making policles
Lincolnshire YMCA has a Board of up to 15 Trustees who have been meeting up to 6 times a year. They are
responsible for the strategic direction, governance and policies of the Charity. The Board also has a number of
sub-committees. During the year they were..
Finance Committee
Risk and Compliance Committee
E8ch sub-committee reported to the Board.
In addltion, the Board had 'Link Trustees. whereby sm811 groups of trustees work with the directors for Housing
and Communities.
During the year the committee structure was reviewed with new committees established coming into effect in the
new financial year.
A Scheme of Delegation 15 in place and the day-to-day responsibility for the provision of services rests with the
Chief Executive along with the senior management team. Clear financial rule5 and regulations around limits of
financial spend are established. Any decisions at Board level are taken by a vote depending on the nature of the
decision to be made. This may be by simple majority or a proportion of the Board present in accordance with our
Articles of Association.
d. Pollcigs adopted for the InduGtlon and tralnlng of Trustees
New Trustees attend a short induction session to familiarise themselves with the Charily and the context within
which it operates. These are jointly held by the Chair of the Board and the Chief Executive of the Charity and
cover..
The obligations of the Board members.
The main documents which set out the operational framework for the Charity, including the Articles of
Association.
Resources and the current financial position as set out in the latest published accounts and management
accounts.
The future plans and objectives of the Charity.
The Board Members, Handbook.
Information and newsletters also provided through the Charity Commission and YMCA England for all
Trustees.
Additional training for Trustees is encouraged and organised for Trustee5 focussing on Charity law, being
Trustee, and finance in particular.
Page 13

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limlted by Guarantèe)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structurei gov8mance and management (continued)
e. Risk management
The Board of Trustees has conducted a review of all major risks to which the Charity is exposed. The risk
register is updated at least quarterly and then presented to the Risk and Compliance sub-committee of Trustees
prior to referring the report lo the full Board. Where appropriate systems and procedures are established to
mitigate the risks the Charity faces. Policies and procedures are periodically reviewed in response to either
external changes in regulation, internal changes to operating policies, or the scheduled review date to ensure
they continue to meet the needs of the Charity.
Key areas of risk identified are as follows..
The Board of Trustee5 takes its respon5ibilily in relation to the safeguardlng of children, young people,
and vulnerable adults very seriously. Members of the Executive are appointed as designated safeguarding
leads. We ensure that DBS checks are carried out for all trustees, colleagues and volunteers who have
direct contact wth children, young people, or vulnerable adults on joining the Charity and at least every
three years thereafter.
The health and safety of all stakeholders, including fire risk management, continues to be monitored by
the Risk and Compliance Committee with regular reportin9 to the Board of Trustees. The Charity employs
a Health and Safety Officer and there is a Health and Safety Forum which meets monthly.
Associated with the expansion of services this is a more general risk of ensuring the Charity maintains
adequalely resourced, with Suitably qualified and experienced colleague5. Appropriate procedures and
policies are embedded to ensure this risk is managed and this was a particular area of focus for the Risk
and Compliance Committee during the year with the Committee reassured on this risk.
Page 14

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustee8' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law} are responsible for
preparing the Trustees, Report including the Strategic Repoit 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 Group and the Charity and of their incoming resources and application of
resources, including their income and expenditure. for that period. In preparing these financial statements, the
Trustees are required to..
select suitsble accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
stste whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are suff icient to show and explain
the Group and the Charity's transactions and disclose with reasonable accuracy at any lime the financial position
of the Group and 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 Group and the Charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Dl8closure of Infomiation to audltors
Each of the persons who are Trustees at the time when this Trustees, Report is approved has confimed that..
so far as that Trustee is aware, there is no relevant audit information of which the charitable group's
auditor5 are unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charitable group's auditors are aware of that
information.
Auditors
The auditors, Robert Anderson (Senior Statutory Auditor), 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 7 July 2025 and signed on their behalf by..
Lady K Wilson QPM
Chair of Board
Page 15

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarant88)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LINCOLNSHIRE Y.M.C.A. LTD
Opinion
We have audited the financial statements of Lincolnshire Y.M.C.A. Ltd {the 'parent charitable company,) and its
subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of
Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of
Cash Flows and the related notes, including a summary of significant accounting policies. The f inancial 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..
give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31
March 2025 and of the Group's incoming resources and application of resources, including its income and
expenditure for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Inlernational Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilitie5 for the audit
of the financial statements section of our report. We are independent of the Group in accordance with the ethical
requirements that are relevant ta 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 oplnion.
Concluslons relatlng 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 lo events or
conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable
companls ability to continue as a going concern for a period of at least bNelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees wtth respect lo going concern are described in the
relevant sections of this report.
Page 16

LINCOLNSHIRE Y.M.C.A. LTD
{A Company Limlted by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LINCOLNSHIRE Y.M.C.A. LTD
(CONTINUED)
Other infomiation
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 othe￿iSe explicitly ststed 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 olher
infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or othewise appears to be materially misstated. If we identify such material inconsistencies or apparent
malerlal 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 Ihat there is a material
misst8tement of thi5 Other information, we are required to report thal fact.
We have nothing to report in this regard.
Opinlon on other matters prescribed by the Companie8 Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report including the Strategic Report for the financial year for which
the financial statements are prepared 18 consistent with the financial statements.
the Trustees, Report and the Strategic Report have been prepared in accordance with applicable legal
requirements.
Matterd on whlch we are requlred to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report including the Strategic
Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report lo you rf, in our opinion..
the parent charitable company has not kept adequate and sufficient accounting records, or returns
adequate for our audit have not been received from branches not visited by us- or
the parent charitsble company financial statements are not in agreement with the accounting records and
return5; or
certain disclosures of Trustees, remuneration specified by law are not made- or
we have not received als the information and explanations we require for our audit.
Page 17

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantea)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LINCOLNSHIRE Y.M.C.A. LTD
(CONTINUED)
Responslbilities of trustees
As explained more fully in the Trustee5' 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 detemiine 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 Group's and the parent
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 Group
or the parent charitablo company or to cease operations, or have no realistic alternative but to do so.
Audltor8' responslbilitie8 for the audlt of the flnanclal 8tatements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material mi5Statement, 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 Df non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detigct material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, includlng fraud is
detailed below.,
the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the company through discussions with directors and
other management, and from our commercial knowledge and experience of the charity and sector in
which it operates.,
we focused on specific laws and regulations which we considered may have a direct material effect on
the financial statements or the operations of the company, including the Companies Act 2006, SORP
2019 (FRS 1021, Housing SORP {20191, taxation legislation, data protection, anti-bribery, employment,
environmental and health and safety legislation;
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence., and
identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstalement, including
obtaining an understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud,. and
considering the internal controls in place to mitigate risks of fra(Jd and non-compliance with laws and
rggulation6.
To address the risk of fraud through management bias and override of controls, we.,
performed analytical procedures to identify any unusual or unexpected relationships.,
tested Journal entries to identify unusual transactions.,
Page18

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LINCOLNSHIRE Y.M.C.A. LTD
(CONTINUED)
assessed whether judgements and assumptions made in determining the accounting estimates set out in
Note 2 were indicative of potential bias,. and
investigated the rationale behind significant or unusual transactions.
reviewed Trustee meeting minutes for evidence of appropriate decision-making and management
controls.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to..
agreeing financial statement disclosures to underlying supporting documentation.,
reading the minutes of meetings of those charged with governance- and
enquiring of management as to actual and potential litigation and claims.
There are inherent limitalions in our audit procedures described above. The more removed that laws and
regulations are from financial Iransactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if
any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
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.or
.uklauditorsre
onsibili
les. This description forms part of our
Auditors, Report.
U8e of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we mighl state to Ihe charitable
company's members 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.
Robert Anderson (Senior Statutory Auditor)
for and on behalf of
Streets Audit LLP
Tower House
Lucy Tower Street
Lincoln
Lincolnshire
LN1 1XW
Date..
Iq1081161
Page19

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limlted by Guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Restrlcted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies..
Capital grants
Other donations and legacies
Charitable activities
Other trading activities
Investments
3,437,639
3,437,639
282,140
5,273,287
220,263
9,534
282,140
4,587,185
220,263
9,534
209, 080
5, 003,303
346, 039
2,410
686,102
Total Income
5,099,122
4,123,741
9,222,863
5,56Q,832
Expenditure on:
Raising funds
Charitable activities
220,245
4,984,608
220,245
5,685,605
269, 837
5,257,597
700,997
Total expendlture
5,204,853
700,997
5,905,850
5, 527, 434
Net lexp8ndlture)Ilncome
Transfers be￿een funds
(105,7311
2,478,813
3,422,744
(2,478,813)
3,317,013
33,398
21
Net movement In funds before other
recognised gainslllosses)
2,373,082
943,931
3,317,013
33,398
Other recognised gainsl(losses):
Losses on revaluation of fixed assets
(1,635,367) (3,437,639) (5,073,006)
Net movement In fund5
737,715
(2,493,708) 11,755,993>
33,398
Reconciliation of fund5:
Total funds brought forward
Net movement in funds
5,267,604
737,715
4,033,581
9,301,185
{2,493,7081 (1,755,993}
9,267, 787
33,398
Total funds carried fomard
6,005,319
1,539,873
7,545,192
9,30t,185
Page 20

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Llmited by Guarantee)
REGISTERED NUMBER: 00734870
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Intangible assets
Tangible assets
14
15
5,936
7,286,074
11,873
8,456,832
7,292.010
8, 468, 705
Current assets
stocks
Debtors
Cash at bank and in hand
17
18
4,804
714,177
1,284,976
7, 789
432,069
1,396,670
2,003,957
1,836,528
Creditors: amounts falling due within one
year
19
(714,391)
(678, 650)
Net current assets
1,289,566
1,157,878
Total as8ets less current liabillties
8,581,576
9, 626,583
Creditors: amounts falling due after more
than one year
20
(1,036,384)
(325,398)
Total net assots
7,545,192
9,301,185
Charity funds
Restricted funds
Unrestricted funds
21
1,539,873
6,005,319
4,033,581
5, 267, 604
21
Total funds
7,545,192
9,301,185
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial ststements.
The financial statements were approved and authorised for issue by the Trustees on 07 July 2025 and signed on
their behalf b
Lady K Wllson QPM
Chair of Board
J Henwood FCMA
Vice Chair of Board
The notes on pages 24 to 46 fomi part of these financial statements.
Page 21

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
REGISTERED NUMBER: 00734870
CHARITY BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Intangible assets
Tangible assets
Investments
14
15
16
5,936
7,277,802
11,873
8,453, 803
7,283,739
8,465,677
Current assets
Stocks
Debtor5
Cash at bank and in hand
17
1,131
725,797
1,267.753
1,456
496,63Q
1,306,330
18
1,994,681
1,804,416
Creditors.. amounts falling due within one
year
19
(710,1291
(656, 795)
Net current a888ts
1,284,552
1, 147,621
Total a88ets le8s curront liabllities
Creditors.. amounts falling due after more
than one year
8,568,291
9,613,298
20
(1,036,384)
(325,398)
Total net asset8
7,631,907
9,287,900
Charity funds
Restricted funds
Unrestricted funds
21
1,539,873
5,992,034
4, 033, 581
5,254,379
21
Total funds
7,531,907
9, 287, 900
The Charity's net movement in funds for the year was £(1,755,993) (2024 - £33,398).
The Trustees acknowledge their responsibilities for complying with the requirements of the Acl with respect to
accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 07 July 2025 and signed on
their behalf b
Lady K Wilson QPM
enwood FCMA
Chair of Board
Vice Chair of Board
The notes on pages 24 to 48 form part of these financial statements.
Page 22

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Llmited by Guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Cash flows from operating actlvlti88
Net cash used in operating activities
3,134,253
166,375
Cash flows from Investing activitiès
Purchase of tsngible fixed assets
Interest Income
(3,961,064>
9,534
(91,787)
2,410
Net cash used In investlng actlvltles
(3,951,530)
(89,377)
Cash flows from flnanclng activltles
Cash inflows from new borrowing
Repayments of borrowing
Interest paid
800,000
161,863)
(32,554)
(47,899)
(19,466)
Net cash provlded byl{u8ed in) financing activlties
705,583
(67,365)
Change in cash and cash oquivalents in the year
Cash and cash equivalents at the beginning of the year
(111,694)
1,396,670
9,633
1,387,037
Cash and cash equlvalents at th8 end of the year
1,284,976
1,396,670
The notes on pages 24 to 46 form part of these financi81 statements
Page 23

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General infomiatlon
As set out in the Trustee's Report, Lincolnshire Y.M.C.A. Limited is an incorporated registered charity in
England & Wales. The principal office of the charity is Lincolnshire Ymca Ltd, St. Rumbolds Street,
Lincoln, LN2 SAR.
The principal objective of the charity is set out in the Trustee's report.
Accountlng policie8
2.1 Basis of preparatlon of financial 8tatem8nts
The financial statements have been prepared in accordance with the Charities SORP (FRS 1021
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 Fin8ncial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. Additional
disclosures required by The Statement of Recommended Practice for Social Housing Providers 2018
have also been included where applicable to the housing operations of the charity.
Lincolnshire Y.M.C.A. Ltd meet5 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.
The Consolidated Statement of Financial Activities {SOFA) and Consolidated Balance Sheet
consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the
subsidiary are consolidated on a line by line basis.
The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act
2006 and has not presented its own Statement of Financial Activities in these financial statements.
2.2 Going concern
The Trustees do not believe that there are any material uncertainties about the Charity's ability to
continue. The Charity has cash reserves and the Trustees are confident that funding streams are
available to the Charity. The financial stamements have therefore been prepared on a going concern
basis.
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 Consolidated Statement of Financial Activities on a receivable basis. The
balance of income recelved 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 recognikn'on is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page 24

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles (continued
2.4 Expendlture
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 activily. Shared costs which contribute to more than one acknvity and support costs which are
not attributable to a single activity are apportioned be￿een 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 an the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its
charitable purposes and includes costs of all fundraising activities event8 and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
All expenditure 15 inclusive of irrecoverable VAT.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity; this is nomially upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Intanglble a888ts and amortlsation
Intangible assets costing £500 or more are capitalised and recognised when future economic
benefits are probable, and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible
assets are measured at Cost less any accumulated amortisation and any accumulated impaimient
1055es.
Amortisalion is provided on intanglble assets at rates calculated to write off the cost of each asset on
a straight-line basis over its expected useful lffe.
Amortisation is provided on the following basis:
Website Development
33 % straight line
Page 25

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limlted by Guarant88)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies (continued)
2.7 Tangible fixed assets and depreciatlon
Tangible fixed assets costing £500 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 cosL Afler recognition, under the revaluation model
tangible fixed assets whose fair value can be measured reliably shall be carried at a revalued
amount, being their fair value at the date of revaluation less any subsequent accumulated
depreciation and subsequent accumulated impaimient losses.
Revaluations are made with sufficient regularlty to ensure that the carrying amount does not differ
materially from that which would be determined using fair value at the end of the reporting date.
Fair values are determined from market-based evldence by appraisal that is normally undertaken by
professionally qualified valuers. If there is no markel-based evidence of fair value because of the
specialised nature of the tangible fixed asset and it is rarely sold, except as part of a contributing
business, a Charity may need to estimate fair value using an income or depreciated replacement cost
approach.
Gains and losses on revaluation are recognised in the Consolidated Statement of Financial Activities,
with a separate revaluation reserve being shown in the Statement of funds note.
Assets in the course of construction are included at costs incurred to date. Depreciation on these
assets is not charged until they are brought into use.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation 15 provided on the followlng b8SIS-.
Plant and machinery
4Vo to 330/0 Straight line
2.8 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and 1055es, whether realised or unrealised. are combined and presented as 'Gainsl(Losses) on
investments, in the Consolidated Statement of Financial Activities.
Investments in subsidiaries are valued at cost less provision for impaimient.
2.9 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving Stocks. Cost includes all direct costs and an appropriate proportion of fixed
and vori8blo overheads.
Page 26

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (contlnued)
2.10 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.
2.11 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.q2 Llabilitios and provi8lon8
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 recogni5ed 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 seNices 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
amounls, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as
finance cost.
2.13 Financial instruments
The Group 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.
2.14 Penslons
Lincolnshire YMCA participated in a multi-employer defined benefit pension plan for employee5 of
YMCAS in England, Scotland and Wales, which was closed to new members and accruals on 30
April 2007. Due to insufficient information, the plan's actuary has advised that it is not possible to
separately identify the assets and liabilities relating to Lincolnshire YMCA.
As described in note 26 Lincolnshire YMCA has a contractual obligation to make pension deficit
payments of £25,508 per annum over the period to April 2027 (2024: £25,508 per annum),
accordingly this is shown as a liability in these accounts. In addition, Lincolnshire YMCA is required to
Gontribute to the operating expenses of the Pension Plan and these costs are charged to the
ststement of Comprehensive Income as made.
Page 27

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.15 Fund accountlng
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.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
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.
2.16 Soclal Hou8ing and other capital grants
The c05t of housing developments financed wholly or partly by Housing Association Grants have
been revalued to their market valuation and the grant value taken to reserves. This is in accordance
with The Statement of Recommended Practice for Social Housing Providers 2018.
Crltlcal accountlng estlmates and area8 of Judgment
Estimates and judgments 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..
Tangible fixed assets are recogni5ed at cost or valuation, less accumulated depreciation and any
impairments. Depreciation takes place over the estimated useful life, down to the assessed residual value.
The carrying amount of the charity's fixed assets is tested as soon as changed conditions show that a
need for impairment has arisen.
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.
Page 28

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacie5
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Tot81
funds
2024
Grants
Capital Grants
Donations
3,437,639
3,437,639
282,140
282,140
209,080
282,140
3,437,639
3,719,779
209, 080
Incom8 from charltable actlvltles
Unrestricted Rostricted
funds
fund8
2025
2025
Total
funds
2025
Total
funds
2024
Housing and Support
Nursery
The Showroom (including Climbing)
Youth Work
Other Community Outreach
Just Lincolnshire
Projects
other
3,289,497
844,899
162,730
282,061
7,090
908
52,846
5,283
4,035
270,133
243,376
105,785
3,342,343
850,182
166,765
552,194
260,466
106,693
3,088,247
642,576
173,027
331,608
227, 553
149, 556
79,092
311,644
4,644
4,644
4,587,185
686,102
5,273,287
5, 003,303
Page 29

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from other tradlng activlties
Income from non charltable trading activltie8
Unrostricted
funds
2025
Total
funds
2025
Total
funds
2024
Activities for generating funds
Trading Subsidiary- Income
14,270
331,769
220,263
220,263
220,263
220,263
346, 039
Investment incom•
Unrestrlcted R88trlcted
funds
funds
2025
2025
Total
funds
2025
Tot81
funds
2024
Investment income
9,534
9,534
2,410
Expendlture on raising funds
Costs of raislng voluntary Income
Unrestricted
fund8
2025
Total
funds
2025
Total
funds
2024
Fundraising costs
5,494
5,494
20,085
Page 30

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on raising funds (continued)
Other tradlng expenses
Unrestrlcted
funds
2025
Total
funds
2025
Total
funds
2024
Trading - Cost of sales
Trading - staff costs
79,958
134,793
79,958
134,793
94, 732
155, 020
Total 2025
214,751
214.751
249, 752
Analys18 of expenditure on charitable actlvlties
Summary by fund type
Unrestricted Restrlcted
funds
funds
2025
2025
Total
2025
Tot81
2024
Housing and Support
Nursery
The Showroom (including Climbing)
Youth Work
Other Community Outreach
Just Lincolnshire
Projects
other
3,278,480
971,839
253,789
363,646
85,607
14,420
32,846
3,859
4,035
270,136
243,376
117,745
29,000
3,311,326
975,698
267,824
633,782
328,983
132,165
29,000
16,827
2, 960, 376
785,054
266, 780
383, 096
353, 866
166,478
34,862
307, 085
16,827
Total 2025
4,984,608
700,997
5.685.605
5,257,597
Page 31

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Analysis of expenditure by activities
Activitles
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Total
funds
2024
Housing and Support
Nursery
The Showroom (including Climbing)
Youth Work
Other Community Outreach
Just Lincolnshire
Projects
other
2,124,938
807,418
131,611
507,570
286,911
115,337
29,000
1,186,388
168,282
126,213
126,212
42,072
16,828
3,311,326
975,698
257,824
633,782
328,983
132,165
29,000
16,827
2, 960,376
785, 054
266, 780
383, 096
353,866
166,478
34, 862
307, 085
16,827
Total 2025
4,002,783
1,682,822
5,685,605
5,257,597
Auditors, remuneration
2026
2024
Fees payable to the Charitys auditor for the audit of the Charitys annual
accounts
11,500
8, 000
12. Staff costs
Group
2025
Group
2024
Charlty
2025
Charity
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes
3,143,346
258,759
2, 780, 429
216,796
3,018,464
250,852
2, 625,409
216,796
83,705
83,187
81,701
83,187
3,485,810
3,080,412
3,351,017
2, 925,392
Page 32

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. staff costs (continued)
The average number of persons employed by the Charity during the year was as follows..
Group
2025
Group
2024
No.
Housing & Support
Nursery and Childcare
The Showroom (including climbing)
Youth Work Support
Management and support
Other Community Outreach
Just Lincolnshire
38
30
17
19
36
28
20
22
24
22
138
143
The number of employees whose ernployee benefits (excluding employer pension costs) exceeded
£60,000 was..
Group
2025
No.
Group
2024
In the band £60,001- £70,000
In the band £70,001- £80,000
In the band £80,001- £90.000
The key management personnel of the charity are the senior leadership team of the Charity. The
aggregate amount of emoluments payable in respect of the senior leadership team in the year was
£309,680 (2024: £299,070), which includes pension costs of £16,489 (2024: £15,784) in defined
contribution schemes.
13. Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, expenses totslling £801 were reimbursed or paid directly to 2
TNStees (2024 - £415 to 3 Trustees). These expenses related to travel and accomodation costs all
repaid in the year.
Page 33

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14.
Intangible assets
Group and Charity
Website
Development
Cost
At 1 April 2024
17,810
At 31 March 2025
17,810
Amortisatlon
At 1 April 2024
Charge for the year
5,937
5,937
At 31 March 2025
11,874
Net book value
At 31 March 2025
5,936
At 31 March 2024
11,873
Page 34

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Tangible flxed assets
Group
Land and
Land and
Buildings
Buildings
Land &
Plant and
(Social {Non Social Buildings
Plant and Machlnery
Housing) Housing) (My Place) machinery (My Place>
Total
Cost or valuation
At 1 April 2024
Additions
Disposals
Revaluations
4.830,115
2,340,239
542,863 2,900,000 1,123,378
1,599,789
21,036
(281,196)
601,546 9,997,902
3,961,064
(281,196)
{5,073,006)
(2,060,364) (1,642,652) (1,370,000)
At 31 March 2025
5,110,000
500,000 1,530.000
863,218
601,546 8,604,764
Depreciation
At 1 April 2024
Charge for the year
On disposals
939,524
57,930
1280,310)
601,546
1,541,070
57,930
(280,310)
At 31 March 2025
717,144
601,546
1,318,690
Net book value
At 31 March 2025
5,110,000
500,000 1,530,000
146,074
7,286,074
At 31 March 2024
4,830, 115
542, 863 2, 900, 000
183, 854
8,456, 832
Page 35

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Tangible flxed assets (continued>
Charity
Land and Land and
Buildings
Bulldings
Land &
Plant and
(Social (Non Social Buildings
Housing)
Plant and Machlnery
Housing) (My Place) machlnery (My Place)
Total
Cost or valuatlon
At 1 April 2024
Additions
Disposals
Revaluations
4,830,115
642,863 2,900,000 1,118,063
2,340,239 1,599,789
14.182
(281,1961
601,546 9,992,587
3,954,190
(281,196)
(5,073,006)
(2,060,354) (1,642,652) (1,370,000
At 31 March 2025
5,110,000
500,000 1,530,000
851,029
601,546 8,592,575
Depreciatlon
At 1 April 2024
Charge for the year
On disposals
937,238
56,299
(280,310)
601,546 1,538,784
56,299
1280,310)
At 31 March 2025
713,227
601,546 1,314,773
Net book valua
At 31 March 2025
5,110,000
500,000 1,530,000
137,802
7,277,802
At 31 M8rch 2024
4,830, 115
542, 863 2, 900, 000
180,825
8, 453, 803
Page 36

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Tangible fixed assets (continued)
All land and buildings were revalued at 18 September 2024 by Eddisons chartered surveyors on an open
market existing use basis. The director5 consider the properties values to be accurately stated as at 31
March 2025.
The freehold social housing properties provide 177 units of accomodation.
The Group h8s adopted a policy of revaluation for tangible fixed assets. Had these assets been
measured at historic cost, the carrying values would have been a5 follows..
Group
2025
Group
2024
Charity
2025
Charity
2024
Land and Buildings (Social Housing)
Land and Buildings (Non Social Housing)
Land & Buildings (My Place)
Plant and machinery
7,300,201
2,152,365
4,176,271
146,074
4,959, 962
552, 576
4, 176,271
183,854
7,300,201
2,152,365
4,176,271
137,802
4, 959,962
552, 576
4, 176,271
180, 825
13,774,911
9,872,663 13,766,639
9, 869, 634
16.
Fixed asset Investments
The Charity owns one ordinary share of a nominal value of £1 in YMCA Trading Company Limited
company number 02802232. This is 100 % of the issued share c8Pital of that company.
Princlpal subsldiaries
The following was a Subsidiary undertaking of the Charity..
Name
Company
number
Holdlng
Included In
consolldatlon
YMCA Trading Company Ltd
02802232
100% Yes
The financial results of the subsidiary for the year were:
Name
Income
Expenditure
Net assets
YMCA Trading Company Ltd
220,263
{220,263)
13,285
Page 37

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. Stocks
Group
2025
Group
2024
Charity
2025
Charity
2024
Raw materials and consumables
Finished goods and goods for resale
1,131
3.673
1,456
6,333
1,131
1.456
4,804
7, 789
1,131
1,456
18. Debtors
Group
2025
Group
2024
ChaTIty
2025
Charity
2024
Due withln one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
160,293
160,580
149,091
15,817
10.538
550,351
126, 699
98,442
2,958
550,926
271,489
271,489
714,177
432, 069
725,797
496, 630
19. Creditors: Amounts falllng due wlthin one year
Group
2025
Group
2024
Charlty
2025
Charity
2024
Bank loans
Trade creditors
Other taxation 8nd social security
Provisions for pension deficit
Other creditors
Accruals and deferred income
47,436
243.456
56,492
27,838
11,647
327,522
43, 668
133,970
36,299
48, 804
93,398
322,511
47,436
240,676
56,491
27,838
11,647
326,041
43, 668
127,850
22, 713
48,804
93,398
320,362
714,391
678, 650
710,129
656, 795
Page 38

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
20.
Creditors: Amounts falling due after more than one year
Group
2025
Group
2024
Charity
2025
Charity
2024
Bank loans
Provisions for pension deficit
1,010.681
25,703
276,312
49, 086
1,010,681
25,703
276,312
49,086
1,036,384
325,398
1,036,384
325, 398
The 8ggregate amount of liabilities payable or repayable wholly or in part more than five years after the
reporting date is..
2024
2023
Payable or repayable by instalments
851,000
167,300
A loan was drawn down in October 2014 for £147,000. This 15 payable by monthly instalments with interest
bearing at 2.25 % over the base rate of interest. The loan is secured on the charity's freehold property,
specificially..
4 Arboretum View, Lincoln and its associated a55ets
4 Vernon Street, Lincoln and its associated assets
-unit 4 Manks Way, Lincoln and its associated assets
A second loan was drawn down in August 2016 for £255,000. This is payable by monthly instalments with
interest bearing at a fixed rate of 4.860A. The loan is secured on the charity's freehold property,
specificially..
4 Arboretum View, Lincoln and its associated assets
4 Vernon Street, Lincoln and its associated assets
-unit 4 Monks Way. Lincoln and its associated assets
-Rasen House, Rasen Lane, Lincoln and its associated assets
A subsequent loan of £800,000 was drawn down in July 2024. This is payable by monthly instalment5 With
interest bearing at 2.5 % over the base rate of interest. The bank loan is secured on 12 Sheridan Close,
Lincoln, Lincolnshire.
Page 39

LINCOLNSHIRE Y.M.C.A. LTD
IA Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
21. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Transfers
inlout
Gainsl
(Los88s)
Income Expenditure
Unrestricted funds
Deslgnated fund8
Major Repairs
Reserve
Major Projects Fund
102,574
247,426
(102,574)
277,472
524,898
350,000
174,898
524,898
General funds
General Funds
Trading Subsidiary
Revaluation reserve
3,134,132
13,285
1,770,187
4,878,859
220,263
(4,984,590I (200,932)
(220,2631
2,827,469
13,285
(1,635,367) 2,639,667
2,504,847
4,917,604
5,099,122
(5,204,853) 2,303,915
11,635,367) 6,480,421
Total Unre8trlcted
funds
6,267,604
5,099.122 {5,204.853) 2,478,813 (1,635,367)
6,005,319
Restricted
funds
My Place Grant
Nomad Shelter
other Restricted
Grants
Capital grants
2,904,226
899,206
{1,370,000)
(899,206)
1,534.226
230,149
686,102
3,437,639
(700,997)
(209,6071
5,647
(3,437,639)
4,033,581
4.123,741
(700,997) (2,478,813) 13,437,639)
1,539.873
Total of fund6
9,301,185
9,222,863
{5,905,850)
(5,073,006) 7,545,192
Page 40

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
21. Statemant of funds (continued)
D8signated Funds
orre
airs reserve
The Trustees had previously designated funds to major property maintenance.The Trustees have
designated £524,898 received as a single donation in prior years towards future major property projects
or Pro
ects Fund
The Trustees have designated £524,898 received as a single donation in prior years towards future major
property projects.
Restrlcted Funds
M Place Grant
The My Place grant has been received to support the development and operation of The Showroom as a
Youth Centre for Lincoln. The funding has been used for the purchase and refurbishment of a former
motor showroom on Tritton Road in Lincoln as a major youth activity and training centre. The terms of the
grant require Ihe provision of youth services at the site for 20 years from the date of award in 2009.
Nomad
The Nomad emergency shelter fund represented the value of donations previously raised towards the
creation and operation of the shelter. These have been reviewed during the year with £524,898
transferred to a designated fund and the remaining to unrestricted funds as it was demonstrated they had
been utilised previousEy.
ital Gran
Various capital grant5 received in respect of social housing developments at 12 Sheridan Close, Crown.
Capital grants also include funding received in resp(>ct of the non social housing development at St Giles,
Lincoln.
Other restrlcted funds
Youth Investrnent Fund
Funds provided to create, expand and improve local youth facilities and their services, in order to
drive positlve outcomes for young people, including improved mental and physical wellbeing, 8nd skills
for life and work- buildlpreserve youth facilities that are fit for purpose in left behind areas.
ACREIDEFRA
Lincolnshire YMCA is Lincolnshire's representative on Action with Communities in Rural England (ACRE).
Acre distributes funding to the Charity to support our rural community work.
Transfers
Transfers to the revaluation reserve are in respect of properties revalued in the year to which previously
had a revaluation surplus.
Page 41

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
21. Statement of funds (continued)
Statement of fund8 - prior year
Balance al
31 March
2024
Balance at
t April 2023
Transfers
in/out
Income Expenditure
Unrestrlcted fund8
Designated funds
Major Repairs Reserve
Major Projects Fund
102,574
247,426
102,574
247,426
350,000
350, 000
General funds
General Funds
Other Commerical trading
Trading Subsidiary
Revaluation reserve
3,051,862
72,418
13,285
1, 770, 187
4,349,960 (4, 436,305)
14,270
(3,975)
331, 769
(245, 775)
85,902
3,051,419
82, 713
13,285
1, 770, 187
(85, 994)
4,907, 752
4, 695, 999 (4, 686, 055)
(92) 4, 97 7,604
Total Unrestricted fu nd8
5, 257, 752
4, 695, 999
(4, 686, 055)
(92) 5,267, 604
Restricted funds
My Place Grant
Nomad Shelter
Other Restricted Grants
2, 904, 226
850,322
255,488
2, 904,226
899, 208
230, 147
56, 622
808,211
(7, 736)
(833, 644)
92
4,010,036
864, 833
(841,380)
92
4, 033, 581
Total of funds
9,267, 788
5,560,832
(5, 527, 435)
9,301,185
Page 42

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limlt8d by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
22.
Summary of funds
Summary of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Transfers
Inlout
Gainsl
(Losses)
Income Expendlture
Designated
funds
General funds
Restricted funds
350,000
4,917,604
4,033.68
174,898
524,898
(5,204,853)
2,303,915 (1,635,367) 5,480,421
(700,997) (2,478,813) (3,437,639)
1.539,873
5,099,122
4,123,741
9,301,185
9,222,863
(5,906,850)
(5,073,006) 7,545,192
Summary of funds - prior year
Balance at
31 March
2024
Balance at
l April 2023
Transfers
in/out
Income Expenditu
Designated funds
General funds
Restricted fund8
350, 000
4,907, 752
4,010,036
350, 000
(92) 4,917, 604
92
4, 033, 581
4, 695,999
864, 833
(4,686, 055)
(841,380)
9,267, 788
5, 560, 832 (5, 527,435)
9,301,185
23. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted Restrlcted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
5,751,848
5,936
1,998,310
(714,391)
(1,036.384)
1,534,226
7,286,074
5,936
2.003,957
{714.391)
(1.036,384)
5,647
Total
6,005,319
1,539,873
7,545,192
Page 43

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
24.
Reconctliation of net movement in funds to net cash flow from operating activities
Group
2025
Group
2024
Net income for the year (as per Statement of Fin8ncial Activities)
3,317,013
33,398
Adjustments for:
Depreciation charges
Amortisation charges
Dividends, interests and rents from investments
Loss on the sale of fixed assets
Decreasellincreasel in Stocks
Increase in debtors
Increase in creditors
Movement on pension provision
57,930
5,937
(9,534)
886
2,985
(292,239)
95,624
(44,349>
69,322
17,056
(1, 288)
(163,431)
252, 566
(41,248)
Net ca8h provided by operating activitle8
3,134,253
166,375
25. Analysi8 of cash and cash equlvalent8
Group
2025
Group
2024
Cash in hand
1,284,976
1,396,670
Total cash and cash equivalents
1,284,976
1,396,670
26. Analysls of changa8 in net debt
At 1 April
2024 Cash flow5
At 31 March
2025
Cash at bank and in hand
Debt due within 1 year
D•bt rJu¥ •ill￿1 1 ypéi.
1,396,670
(154,961)
{276,3121
1111,694)
1,284,976
79,687
(75,274)
(734,369) 11,010,681
965,397
(766,376>
199,021
Page 44

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 202S
27.
Pension commltments
Lincolnshire YMCA participated in a contributory pension plan providing defined benefits based in 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 Lincolnshire YMCA and at the year end these were
invested in the Mercer Dynamic De-Risking Solution, 650/0 matching portfolio and 35% in the growih
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 of 4.56°/o, the increase in pensions in payment of 3.18 % (for RPI capped at 50/0 p.a.), and
the average life expectancy from normal retirement age lof 65) for a current ma5e pensioner of 21.5 years,
female 24.0 years, and 23.1 years for a male pensioner, female 25.7 years, retiring in 20 years lime. The
results of the valuation showed that the actuarial value of the assets was £103.1m, which represented
92 % 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 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 £9.1m.
Lincolnshire YMCA has been advlsed that it will need to make monthly contributions of £2,126 from 1 May
2024. This amount is based on the current 8Ctuarial assumptions (as outlined above) and may vary in the
future as a result of actual performance of the Pension Plan. Agreed future deficit contributions have been
dlscounted uslng a rate of 5.25 /0 (2024 5,250/0). The current recovery period is 3 years commencing 1
May 2024.
Repayable
Two to After flve
five years
years
within
One to
one year two years
After more
than one
year
Total
As al 31 March 2025
As at 31 March 2024
25,508
25,508
24,236
24,236
1,919
24,850
25,703
49,086
51,663
74,594
Page 45

LINCOLNSHIRE Y.M.C.A. LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
27.
Pension commitments (continued)
In addition, Lincolnshire YMCA may have over time liabilities in the event of non-payment by other
participating YMCAS of their share of the YMCA Pension Plan's deficit. It is not possible Gurrently to
quantify the potential amount that Lincolnshire YMCA may be called upon to pay in the future.
Following the acquisition of Community Lincs in 2019,. the Charity participates in a multi-employer scheme
operated by The Pension Trust. The scheme is a defined benefit scheme in the UK.
The Charity is required to fund its share of the deficit of the scheme in respect of employees who were
active members of the relevant sections of the scheme with seNice up to October 2001.
The scheme was revalued in 2022 and the deficit reduced by £22,649.
With no current active members of the Charity a deficit of £2,330 has been recognised with the
contribution being made after the year end.
Repayable
Two to After five
rive years
years
Within
one year
One to
two years
After rnore
than one
year
Total
As at 31 March 2025
As at 31 March 2024
2,330
23,296
2,330
23,296
28. Operatlng lea8e commitment8
At 31 March 2025 the Group and the Charity had commitments to make future minimum lease payments
under non-cancellable operating leases as follows:
Group
2025
Group
2024
Charity
2025
Ch8rity
2024
Not later than 1 year
Later th£n 1 year and not later than 5 years
113,083
45,711
91,440
59, 344
113,083
45,711
91,440
59,344
158,794
150, 784
158,794
150, 784
29.
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 March 2025.
Page 46