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2024-09-30-accounts

YMCA Scarborough

Report of the Trustees and Unaudited Financial Statements for the Year Ended

30 September 2024

Registered Charity Number: 250527

Ashby Berry Coulsons Chartered Accountants Two Belgrave Crescent Scarborough

YMCA Scarborough

Contents of the Financial Statements for the Year Ended 30 September 2024

Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement 10 Notes to the Cash Flow Statement 11 Notes to the Financial Statements 12 Detailed Statement of Financial Activities 24

YMCA Scarborough

Reference and Administrative Details for the Year Ended 30 September 2024

President T Boyes
Trustees S Slade Chairman
S Bromham
Mrs T Calcraft (retired 27 June 2024)
M D Dresser
H Watts
A Mouhiddin
R Fearnehough (appointed and resigned in the year)
D Logan (appointed and resigned in the year)
D Hilton (appointed and resigned in the year)
D Carr (appointed 8 May 2025)
E J Turner (appointed 21 April 2025)
Custodian trustee YMCA England
CEO Liam Downey
Principal address St Thomas Street
Scarborough
North Yorkshire
YO11 1DY
Registered charity number 250527
Independent examiner Ashby Berry Coulsons Ltd
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB
Bankers Barclays
PO Box 13
St Nicholas Street
Scarborough
North Yorkshire
YO11 2HS
Investment managers RBC Brewin Dolphin
10 Wellington Place
Leeds
LS1 4AN

Page 1

YMCA Scarborough

Report of the Trustees for the Year Ended 30 September 2024

The trustees present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

YMCA Scarborough (trading name YMCA Yorkshire Coast) is an unincorporated charity serving Scarborough and the surrounding areas. We are proud to be part of a global movement that has supported young people and communities since 1844, and our local branch has existed since 1846. Our aim is to provide the building blocks for a rewarding life and to help individuals and communities thrive through opportunity, inclusion, and support.

In the last 12 months:

These achievements are a testament to the energy, resilience, and creativity of our team, volunteers, and supporters.

Objectives and activities

Charitable Objects

YMCA Yorkshire Coast is governed by a written constitution. Its charitable objects are:

  1. To advance the Christian Faith, including by:

a. Promoting a Christian environment inspired and motivated by the life, example and teaching of Jesus Christ, where people of faith and people of none can work together for the transformation of communities. b. Enabling people of all ages and in particular young people, to flourish through experience and responding to the love of God demonstrated by the life, example and teaching of Jesus Christ.

  1. To provide or assist in the provision in the interests of social welfare of facilities for recreation and other leisure time occupation for men and women with the object of improving their conditions of life.

  2. To provide or assist in the provision of education for people of all ages and in particular young people, with the object of developing their physical, mental, or spiritual capacities.

  3. To relieve or assist in the relief of people of all ages and in particular young people, who are in conditions of need, hardship or distress by reason of their social, physical, emotional, spiritual or economic circumstances.

  4. To provide residential accommodation, including social housing, for people of all ages in particular young people, who are in need, hardship or distress by reason of their social, physical, emotional, spiritual or economic circumstances.

YMCA Yorkshire Coast is open to all people of faith and those of none.

Charitable Purpose

YMCA Yorkshire Coast aims to provide the basic building blocks for a full and rewarding life. The charity’s purpose is rooted in the broader aims of the YMCA movement, promoting fairness, opportunity, and support for all people, especially young people. These building blocks include a safe home, acceptance, guidance, friendship, physical and mental health, academic support, employment skills, and access to real opportunities.

The charity operates as a federated member of YMCA England & Wales, adopting its model constitution. While this shapes the core charitable aims, the organisation determines its own strategy, operations, and use of funds locally.

Page 2

YMCA Scarborough

Report of the Trustees for the Year Ended 30 September 2024

Public Benefit

The trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit when reviewing aims and objectives and planning future activities. The main activities of the charity during the year were focused on achieving its charitable purpose for the public benefit.

Main Activities and Significant Work Undertaken

YMCA Yorkshire Coast delivers a range of activities and services, with a primary focus on supporting young people aged 10 to 30. These include:

•Project-Specific Work: Including Camp Sandcastle, which grew in both reach and structure during this year. The charity increasingly focuses on outcomes, not just attendance. While current data collection is mostly attendance-based (ticket sales, sign-ups, footfall), a new outcomes framework has been developed to better align monitoring with strategic objectives.

Aims and Strategy

The charity’s aims include tackling inequality, improving well-being, creating opportunity, and building community. Its strategy is centred around the YMCA Building Blocks model and reflects the ambitions laid out in its 2030 strategic plan. These include:

Volunteer Contribution

Volunteers, including youth mentors, theatre support, and café helpers, play a significant role in the charity’s work. Trustees wish to acknowledge the critical value of volunteers to its delivery and community presence.

Achievement and performance

Summary of Achievements

Despite a challenging financial year, YMCA Yorkshire Coast maintained a diverse programme of activities and services. Highlights include:

Performance Measurement and Impact

The charity tracks theatre usage, room occupancy, and programme attendance. Though historically much has been assessed intuitively, this year marked the start of a transition to a formal outcomes framework aligned with the strategic plan.

Significant Positive and Negative Factors

Key positive factors included:

Page 3

YMCA Scarborough

Report of the Trustees for the Year Ended 30 September 2024

Financial review

The statement of Financial Activity shows a net income for the year of £63,777 (2023- deficit of £24,393) before net gains on investments. The Balance Sheet shows net unrestricted assets of £744,364 (2023£739,689) with much of these assets attributable to the net book value of the freehold property. Unrestricted liquid assets, including the investment portfolio amounted to £94,774.

Significant Events Affecting Financial Performance

The most significant financial pressure during the year was the sharp increase in energy costs. Coupled with a decline in available grant funding, this placed strain on the charity’s operating budget. No new funding streams were secured, and no major debts were incurred or paid off during the year.

Investment Policy and Performance

YMCA Yorkshire Coast holds an investment fund with CCLA, operated on a medium risk basis. The fund is not actively traded and is intended to provide steady capital growth. The trustees review the investment quarterly. The value of the fund increased slightly over the year.

Principal Risks and Uncertainties

The trustees monitor risks via a formal risk register, regularly reviewed at board meetings. Current principal risks include:

The charity uses scenario planning, compliance tracking, and proactive communication to manage these risks.

Factors Likely to Affect Future Performance

A significant legacy was received in September 2024, creating a temporary breathing space and enabling the board to develop a revised business model. Continued economic pressures, particularly energy and insurance costs, will remain a challenge

The next year will focus on using this opportunity to reset the charity’s operating model.

Reserves Policy

YMCA Yorkshire Coast has adopted a formal reserves policy, aiming to hold an average of six months’ unrestricted operating costs. Trustees also designated potential redundancy reserve of approx. £40,000. Trustees continue to monitor and adjust to meet the policy target.

Going Concern

The trustees are satisfied that YMCA Yorkshire Coast remains a going concern. The charity has operated for more than six months beyond the year-end and continues to deliver services with stability. Financial forecasts and recent legacy income support this position.

Funds in Deficit

At year-end, the charity held no funds in deficit.

Principal Funding Sources

The charity’s main source of income is earned income from theatre operations, studio hire, café sales, and programme delivery. This is supplemented by grant funding, donations, and modest investment income. Trustees consider ethical and environmental criteria when overseeing the investment portfolio.

Page 4

YMCA Scarborough

Report of the Trustees for the Year Ended 30 September 2024

Defined benefit pension scheme

YMCA Scarborough recognises possible concern relating to its participation in a defined benefit pension scheme. Appropriate action has been taken: The scheme was closed to new members in 2007, and the link to final salary broken in 2011. Additional contributions continue to be made to reduce the deficit. As part of the YMCA federation, the multi-employer scheme is run by an independent board of trustees with employer representation through the Principal Employer, the National Council of YMCAs. The pension scheme trustees obtain an actuarial valuation every three years and we have considered the implications to the charity's finances from the latest available actuarial valuation. We have reviewed the charity's ability to continue to deliver its charitable objectives by ensuring budgets, forecasts and plans are available and include the impact of the deficit repayments. The trustees included the impact of pension scheme deficit repayments in considering going concern status, reserves, and the risks and uncertainties that the charity face noted elsewhere in this Report.

YMCA Scarborough benefits from the pension scheme trustees and the Principal Employer seeking suitable specialist profession advice both to manage the scheme and in the continuing effort to explore ways of reducing the overall pension deficit. The notes to the Accounts include an accounting policy and further details in Note 20.

Plans for Future Periods

YMCA Yorkshire Coast’s strategic plan to 2030 focuses on delivering the core building blocks of a rewarding life — health, skills, opportunity, belonging, and stability. Priorities for the coming year include:

These plans are shaped by experiences during the year — particularly financial pressures, changing patterns of demand, and the flexibility made possible by a legacy received at year-end.

Structure, Governance and Management

Constitution

YMCA Yorkshire Coast is an unincorporated charity governed by a constitution last amended in 2019. It is registered in England and Wales (charity number 250527). The charity was set up under a deed of trust in 1846.

Trustee Recruitment and Appointment

Trustees are appointed for three-year terms and may serve a maximum of three consecutive terms. Recruitment is guided by a skills matrix and takes place through public advertising and local networks.

External Appointments

No external organisations have the right to appoint trustees.

Organisational Structure

The board meets ten times per year. Day-to-day operations are delegated to the Chief Executive Officer. Major strategic and financial decisions are reserved to trustees. There are no formal subcommittees.

Trustee Induction and Training

All new trustees undertake an induction which includes meeting with the Chair and CEO, reviewing key documents, and visiting YMCA facilities. Ongoing development is encouraged through training and sector events.

Page 5

YMCA Scarborough

Report of the Trustees for the Year Ended 30 September 2024

Structure, Governance and Management- continued

Remuneration of Key Management Personnel

Pay for the Chief Executive Officer and other key staff is set by trustees, based on a salary scale recommended by the senior leadership team. The CEO’s salary is approved at a private board meeting each year.

Relationship with YMCA England & Wales

YMCA Yorkshire Coast is a federated member of YMCA England & Wales and uses its model constitution. Strategy, policies, and spending decisions are made locally. The national body provides support and coordination where required.

Risk Management

The trustees have reviewed the major risks facing the charity and are satisfied that appropriate systems and procedures, including a formal risk register, are in place to manage those risks.

Statement of compliance with prevailing laws and regulations

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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) issued in October 2019.

Trustees' attention is drawn to the resources available from the Charity Commission.

Jul 24, 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Stephen Slade (Jul 24, 2025 19:25:23 GMT+1) ................................................................ S Slade - Trustee

Page 6

Independent Examiner's Report to the Trustees of YMCA Scarborough

Independent examiner's report to the trustees of YMCA Scarborough

I report to the charity trustees on my examination of the accounts of YMCA Scarborough (the Trust) for the year ended 30 September 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anna Wiffen FCCA

Ashby Berry Coulsons Ltd 2 Belgrave Crescent Scarborough North Yorkshire YO11 1UB

Date: .............................................

Page 7

YMCA Scarborough

Statement of Financial Activities for the Year Ended 30 September 2024

Unrestricted
fund
Notes
£
Income and endowments from
Donations and legacies
2
214,913
Charitable activities
5
Community Hub
81,774
Other trading activities
3
167,958
Investment income
4
2,929
Total
467,574
Expenditure on
Raising funds
6
235,092
Charitable activities
7
Community Hub
236,587
Total
471,679
Net gains on investments
8,780
NET INCOME/(EXPENDITURE)
4,675
Reconciliation of funds
Total funds brought forward
739,689
Total funds carried forward
**744,364 **		 Restricted
fund
£
152,466
-
-
-
152,466
-
84,584
84,584
-
67,882
22,105
89,987		 2024
Total
funds
£
367,379
81,774
167,958
2,929
620,040
235,092
321,171
556,263
8,780
72,557
761,794
**834,351 **		 2023
Total
funds
£
117,447
88,169
184,563
5,163
395,342
195,744
223,991
419,735
7,816
(16,577)
778,371
761,794

The notes form part of these financial statements

Page 8

YMCA Scarborough

Balance Sheet 30 September 2024

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors
Amounts falling due within one year
16
Net current assets
Total assets less current liabilities
Creditors
Amounts falling due after more than one
year
17
NET ASSETS
Funds
19
Unrestricted funds
Restricted funds
Total funds		 2024
£
665,836
79,123
744,959
4,150
21,326
161,164
186,640
(81,002)
105,638
850,597
(16,246)
834,351
744,364
89,987
**834,351 **		 2023
£
686,621
111,217
797,838
4,150
38,650
32,193
74,993
(83,378)
(8,385)
789,453
(27,659)
761,794
739,689
22,105
761,794

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Jul 24, 2025

Stephen Slade (Jul 24, 2025 19:25:23 GMT+1) ............................................. ………………………………Hilary Watts (Jul 28, 2025 09:15:39 GMT+1) … S Slade – Trustee H Watts – Trustee

The notes form part of these financial statements

Page 9

YMCA Scarborough

Cash Flow Statement for the Year Ended 30 September 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2024
£
92,179
92,179
(4,082)
(49,244)
90,118
36,792
128,971
32,193
161,164		 2023
£
(21,056)
(21,056)
(11,454)
(107,790)
139,344
20,100
(956)
33,149
32,193

The notes form part of these financial statements

Page 10

YMCA Scarborough

Notes to the Cash Flow Statement for the Year Ended 30 September 2024

1. Reconciliation of net income/(expenditure) to net cash flow from operating activities Reconciliation of net income/(expenditure) to net cash flow from operating activities Reconciliation of net income/(expenditure) to net cash flow from operating activities
2024 2023
£ £
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 72,557 (16,577)
Adjustments for:
Depreciation charges 24,867 26,663
Gain on investments (8,780) (7,816)
Decrease/(increase) in debtors 17,324 (24,030)
(Decrease)/increase in creditors (13,789) 704
Net cash provided by/(used in) operations 92,179 (21,056)
2. Analysis of changes in net funds
At 1.10.23 Cash flow At 30.9.24
£ £ £
Net cash
Cash at bank and in hand 32,193 **128,971 ** **161,164 **
32,193 **128,971 ** **161,164 **
Total 32,193 128,971 161,164

The notes form part of these financial statements

Page 11

YMCA Scarborough

Notes to the Financial Statements for the Year Ended 30 September 2024

1. Accounting policies

General information

YMCA Scarborough is an unincorporated charity governed by a deed of trust. The address of the registered office is given in the charity information on page 1 of these financial statements. The charity's objects and principal activities are to advance the Christian faith and to provide facilities, activities and support for people of all ages and in particular young people, with the objects of improving their conditions of life, developing their physical, mental or spiritual capacities and relieving conditions of need, hardship or distress.

Basis of preparing the financial statements

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

Statement of compliance with prevailing laws and regulations

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Judgements and key sources of estimation uncertainty

The trustees consider that no judgements, apart from those involving estimates, have been made in the process of applying the above accounting policies which have had a significant effect on amounts recognised in the financial statements.

The trustees consider that no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date have been made which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Funds

Unrestricted funds 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 cost 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.

continued...

Page 12

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

1. Accounting policies - continued

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised at fair value when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.

Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees' Annual Report.

On receipt, donated professional services and donated facilities are recognised on the basis of the fair value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Fixed asset gifts in kind are recognised when receivable and are included at fair value. The income is not deferred over the life of the asset.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.

Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs.

continued...

Page 13

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

1. Accounting policies - continued

Expenditure- continued

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include administrative and governance costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Freehold property - 2% on cost Fixtures, fittings and equipment - 15% reducing balance

Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted mid-market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Provisions

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

continued...

Page 14

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

1. Accounting policies - continued

Employee benefits- continued

The charity contributes to a defined contribution workplace pension plan for the benefit of its employees. Contributions are charged to the statement of financial activities in the period to which they relate.

Termination payments are recognised as a liability and an expense when the charity is committed to terminate the employment of an employee.

Defined benefit pension scheme deficit

YMCA Scarborough participated in a multi-employer defined benefit pension plan for employees of YMCAs in England, Scotland and Wales, which was closed to new members and 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 YMCA Scarborough

As described in note 20 YMCA Scarborough has a contractual obligation to make pension deficit payments of £11,385 pa over the period to April 2027 (2023: £11,385 pa), accordingly this is shown as a liability in these accounts. In addition, YMCA Scarborough is required to contribute £3,629 pa (2023: £3,629 pa) to the operating expenses of the Pension Plan and these costs are charged to the Statement of Financial Activities as made.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of future income and expenditure. In their view, these are sufficient for the charity to be able to continue as a going concern for at least 12 months from the date of authorisation of these financial statements.

2. Donations and legacies

Donations
Legacies
Grants		 2024
£
14,913
200,000
152,466
367,379		 2023
£
40,893
5,884
70,670
117,447

£152,466 (2023: £51,087) of the above income was attributable to restricted and £214,913 (2023: £66,360) was attributable to unrestricted funds.

There were no unfulfilled conditions or other contingencies attaching to grants recognised in income for the year ended 30 September 2024.

Grants received, included in the above, are as follows:

continued...

Page 15

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

2. Donations and legacies - continued

2024
£
Restricted grants - see Note 19 for details
152,466
Locality Grant
-
North Yorkshire Together
-
Sidewalk Youth Project
-
Stronger Communities
-
Two Ridings Foundation
-
152,466
3.
Other trading activities
2024
£
Fundraising events
957
Shop income
4,741
Commissions
489
Own theatre productions
61,641
Outside theatre productions
39,440
Coffee and theatre bars
59,867
Photocopying
823
167,958		 2023
£
51,088
3,400
6,500
3,520
4,162
2,000		 2023
£
51,088
3,400
6,500
3,520
4,162
2,000
70,670
2023
£
1,958
4,027
44
85,627
34,624
57,384
899
184,563

All the above income for the current and preceding year was attributable to unrestricted funds.

4. Investment income

Interest received
Investment income		 2024
£
172
2,757
2,929		 2023
£
132
5,031
5,163

All the above income for the current and preceding year was attributable to unrestricted funds.

continued...

Page 16

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

5.
Income from charitable activities
Activity
Activities
Community Hub
Lettings
Community Hub		 2024
£
15,759
66,015
**81,774 **		 2023
£
16,734
71,435
88,169

All the above income for the current and preceding year was attributable to unrestricted funds.

6. Raising funds
Raising donations and legacies
2024 2023
£ £
Staff costs 65,758 68,744
Other trading activities
2024 2023
£ £
Own theatre production costs 90,242 113,187
Coffee and theatre bars 39,867 28,170
Licenses 6,128 2,744
Fundraising costs 3,592 184
Other theatre expenses 54,327 46,060
194,156 190,345
Investment management costs
2024 2023
£ £
Investment management fees 930 1,588
All the above expenditure for the current and preceding year was attributable to unrestricted funds.
Aggregate amounts 235,092 195,744

continued...

Page 17

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

7. Charitable activities costs

7. Charitable activities costs
Support
Direct costs (see
Costs note 8) Totals
£ £ £
Community Hub **316,971 ** 4,200 **321,171 **
Comparatives for charitable activities costs
Community Hub
 219,991 4,000 223,991
£84,584 (2023: £31,971) of the above costs were attributable to restricted funds and £236,587 (2023:
£192,020) of the above costs were attributable to unrestricted funds.
8. Support costs
2024 2023
Governance costs £ £
Independent examiner's remuneration 4,200 4,000
9. Trustees' remuneration and benefits
No remuneration was paid to any of the trustees (2023: £nil).
Trustees' expenses
No expenses were paid to any of the trustees (2023: £nil).
10. Staff costs
2024 2023
£ £
Wages and salaries 199,687 155,027
Social security costs 6,006 2,127
Other pension costs 4,430 3,440
210,123 160,594
The average monthly number of employees during the year was as follows:
2024 2023
SLT 1 1
Theatre 3 2
Hub 9 8
Cleaners 3 3
16 14

continued...

Page 18

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

10. Staff costs - continued

No employees received emoluments in excess of £60,000.

The full time equivalent number of staff at 30 September 2024 was 7 (2023: 7)

The total remuneration of key management personnel amounted to £27,904 (2023: 26,827).

In addition to paid staff, volunteers are crucial to delivering services and keeping the charity running.

The liability and expense relating to the employer's costs of the defined contribution workplace pension scheme are allocated between restricted and unrestricted funds in line with the funding of the relevant staff members.

11. Comparatives for the statement of financial activities

Unrestricted
fund
£
Income and endowments from
Donations and legacies
66,360
Charitable activities
Community Hub
88,169
Other trading activities
184,563
Investment income
5,163
Total
344,255
Expenditure on
Raising funds
194,158
Charitable activities
Community Hub
192,020
Total
386,178
Net gains on investments
7,816
NET INCOME/(EXPENDITURE)
(34,107)
Reconciliation of funds
Total funds brought forward
773,796
Total funds carried forward
739,689		 Restricted
fund
£
51,087
-
-
-
51,087
1,586
31,971
33,557
-
17,530
4,575
22,105		 Total
funds
£
117,447
88,169
184,563
5,163
395,342
195,744
223,991
419,735
7,816
(16,577)
778,371
761,794

continued...

Page 19

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

12. Tangible fixed assets

Freehold
property
£
Cost
At 1 October 2023
737,091
Additions
-
At 30 September 2024
737,091
Depreciation
At 1 October 2023
117,970
Charge for year
14,745
At 30 September 2024
132,715
Net book value
At 30 September 2024
604,376
At 30 September 2023
619,121
13.
Fixed asset investments
Listed
investments
£
Market value
At 1 October 2023
110,256
Additions
24,351
Disposals
(62,901)
Revaluations
6,787
At 30 September 2024
78,493
Cost
At 30 September 2024
69,599
14.
Stocks
Stock		 Fixtures
and
fittings
Totals
£
£
415,703
1,152,794
4,082
4,082
419,785
1,156,876
348,203
466,173
10,122
24,867
358,325
491,040
61,460
665,836
67,500
686,621
Cash and
settlements
pending
Totals
£
£
961
111,217
24,893
49,244
(25,224)
(88,125)
-
6,787
630
79,123
630
70,229
2024
2023
£
£
4,150
4,150

continued...

Page 20

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

15.
Debtors: amounts falling due within one year
Trade debtors
Other debtors
VAT
Prepayments
16.
Creditors: amounts falling due within one year
Trade creditors
Social security and other taxes
VAT
Other creditors
Pension deficit contributions
Accrued expenses
17.
Creditors: amounts falling due after more than one year
Pension deficit contributions due in 2-5 years
18.
Analysis of net assets between funds
Unrestricted
fund
£
Fixed assets
665,836
Investments
79,123
Current assets
96,653
Current liabilities
(81,002)
Long term liabilities
(16,246)
**744,364 **
Restricted
fund
£
-
-
89,987
-
-
89,987		 2024
£
4,977
1,697
-
14,652
21,326
2024
£
32,774
5,931
630
15,530
10,895
15,242
81,002
2024
£
16,246
2024
Total
funds
£
665,836
79,123
186,640
(81,002)
(16,246)
**834,351 **		 2023
£
7,381
806
1,423
29,040
38,650
2023
£
28,778
2,153
-
11,076
11,385
29,986
83,378
2023
£
27,659
2023
Total
funds
£
686,621
111,217
74,993
(83,378)
(27,659)
761,794

continued...

Page 21

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

18. Analysis of net assets between funds - continued

Comparatives for analysis of net assets between funds

Unrestricted Restricted 2023
fund fund Total funds
£ £ £
Fixed assets 686,621 - 686,621
Investments 111,217 - 111,217
Current assets 32,890 42,103 74,993
Current liabilities (63,380) (19,998) (83,378)
Long term liabilities (27,659) - (27,659)
739,689 22,105 761,794

19. Movement in funds

1 October Incoming Resources Investments 30 September
2023 resources expended gains/(losses) 2024
£ £ £ £ £
Unrestricted funds
General fund 739,689 467,573 (455,386) 8,780 760,656
––––––– ––––––– ––––––– ––––––– –––––––
Restricted funds
YMCA Band 986 - (986) - -
Youth Mental Health Project 2,299 - (2,299) - -
NYCC FEAST 10,424 49,778 (39,764) - 20,438
Kingspan Community Fund 1,500 1,650 (1,500) - 1,650
Million Hours Fund 6,897 - (6,897) - -
NYP antisocial behaviour - 19,998 (19,998) - -
Postcode lottery –
Neighbourhood trust - 25,000 - - 25,000
British Science Association - 500 (500) - -
NYCC Stronger Communities - 1,000 (1,000) - -
Two Ridings – warm spaces - 8,640 (8,640) - -
Warburtons Community Fund - 400 - - 400
The Foyle Foundation - 20,000 - - 20,000
InKahoots – Seach for a star - 1,500 - - 1,500
National Lottery – Awards for all - 20,000 - - 20,000
NYCC – Beach clean fund - 1,000 - - 1,000
NYCC – Locality grant - 3,000 (3,000) - -
––––––– ––––––– ––––––– ––––––– –––––––
22,106 152,466 (84,584) - 89,988
––––––– ––––––– ––––––– ––––––– –––––––

continued...

Page 22

YMCA Scarborough

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

19. Movement in funds - continued

Comparatives for movements in funds

Unrestricted funds
General fund
Restricted funds
YMCA Band
Youth Mental Health Project
NYCC FEAST
Kingspan Community Fund
Million Hours Fund		 £
773,796
–––––––
1,476
3,099
-
-
-
–––––––
4,575
–––––––		 £
344,255
–––––––
-
-
40,248
1,500
9,340
–––––––
51,088
–––––––		 £
(386,178)
–––––––
(490)
(800)
(29,824)
-
(2,443)
–––––––
(33,557)
–––––––		 £
7,816
–––––––
-
-
-
-
-
–––––––
-
–––––––		 £
739,689
–––––––
986
2,299
10,424
1,500
6,897
–––––––
22,106
–––––––

20. Employee benefit obligations

Defined benefit pension scheme deficit

YMCA Scarborough participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCAs in England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of YMCA Scarborough and at the year end these were invested in the Mercer Dynamic De-risking Solution, 65% matching portfolio and 35% in the growth portfolio and Schroder (property units only).

The most recent completed three year valuation was as at 1 May 2023. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets of 4.56%, the increase in pensions in payment of 3.18% (for RPI capped at 5% p.a.), and the average life expectancy from normal retirement age (of 65) for a current male 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’ time. The result 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 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 £9.1 million. has YMCA Scarborough has been advised that it will need to make monthly contributions of £948.75 from 1 May 2025. This amount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual performance of the Pension Plan. Agreed future deficit contributions have been discounted using a rate of 4.5% (2023: 3.75%). The current recovery period is 3 years commencing 1st May 2024.

21. Related party disclosures

There were no related party transactions for the year ended 30 September 2024.

Page 23

YMCA Scarborough

Detailed Statement of Financial Activities for the Year Ended 30 September 2024

Income and endowments
Donations and legacies
Donations
Legacies
Grants
Other trading activities
Fundraising events
Shop income
Commissions
Own theatre productions
Outside theatre productions
Coffee and theatre bars
Photocopying
Investment income
Interest received
Investment income
Charitable activities
Activities
Lettings
Total incoming resources
Expenditure
Raising donations and legacies
Theatre wages
Theatre social security		 2024
£
14,913
200,000
152,466
367,379
957
4,741
489
61,641
39,440
59,867
823
167,958
172
2,757
2,929
15,759
66,015
81,774
620,040
63,838
1,920
65,758		 2023
£
40,893
5,884
70,670
117,447
1,958
4,027
44
85,627
34,624
57,384
899
184,563
132
5,031
5,163
16,734
71,435
88,169
395,342
68,556
188
68,744

This page does not form part of the statutory financial statements

Page 24

YMCA Scarborough

Detailed Statement of Financial Activities for the Year Ended 30 September 2024

Other trading activities
Own theatre production costs
Coffee and theatre bars
Licences
Fundraising costs
Other theatre expenses
Investment management costs
Investment management fees
Charitable activities
Wages
Social security
Pensions
Cleaning
Administrative expenses
Training Expenses
Theatre Programme Expenses
Subscriptions and Affiliations
Repairs and Maintenance
Activity costs
Heat & light
Premises - rates & telephone
Irrecoverable VAT
Bank charges
Insurance
Marketing and advertising
Pension deficit expenses current year
Pension deficit movement
Freehold property
Fixtures and fittings
Support costs
Governance costs
Accountancy and legal fees
Total resources expended
Net expenditure before gains and losses
Realised recognised gains and losses
Gains/losses on fixed asset investments
Net income/(expenditure)		 2024
£
37,576
55,835
6,853
1,680
66,460
168,404
930
135,849
4,086
4,430
4,705
8,532
3,111
-
1,538
11,478
40,218
44,259
5,627
10,328
2,136
5,549
6,569
3,300
389
14,745
10,122
4,200
556,263
63,777
8,780
72,557		 2023
£
21,498
39,867
6,128
3,592
54,327
125,412
1,588
86,471
1,939
3,440
2,832
12,141
4,231
231
1,338
7,748
50,546
25,673
3,385
3,842
2,665
-
4,364
2,915
(20,433)
14,745
11,918
4,000
419,735
(24,393)
7,816
(16,577)

This page does not form part of the statutory financial statements

Page 25

2025-07-28

2023-2024 Accounts for signature

Final Audit Report

Created: 2025-07-24 By: Liam Downey (liam@ymcayorks.uk) Status: Signed Transaction ID: CBJCHBCAABAA_HSWkVstlvlHzTS_up1xtTlCC1Yl8yer

"2023-2024 Accounts for signature" History

Document created by Liam Downey (liam@ymcayorks.uk)

2025-07-24 - 13:00:48 GMT- IP address: 185.63.82.190

Document emailed to Stephen Slade (stephen.s@ymcascarborough.uk) for signature 2025-07-24 - 13:07:19 GMT

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Agreement completed.

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