**Registered Charity Number: 250983**
## **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## **FOR**
**YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH**
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **Contents**
||**Page**|
|---|---|
|Report of the Trustees|1 - 3|
|Independent Examiner’s Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial statements|7 – 12|
|Detailed Statement of Financial Activities|13|
Page 1
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Charities SORP (FRS 102) - 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).
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity Number**
(England and Wales) 250983
## **Registered Office**
Neath YMCA Lletty Nedd Penydre NEATH SA11 3HG
**Trustees**
Mr Kevin Lewis - Chairman Mr Alun James Mrs Joanna Jenkins MBE, JP, DL – Vice Chairman Dr Bryn John, CStj, DL Mr Martin Evans FCA CTA Cllr Alan Lockyer Mrs Delyth Lewis Pastor Lynn Maddocks Mr Emrys Elias OBE Ms Sarah Hemington Ms Marcia Hughes Mr Clive Ball
Page 2
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Cont’d**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, the model constitution YMCA.
## **Related parties**
The charity’s related parties include all trustees listed above.
## **Risk management**
The trustees actively review the major risks which the charity faces on a regular basis and believe that by maintaining a reserve, combined with an annual review of the controls over key financial systems, this will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which it faces and confirm that they have established systems to mitigate the significant risks.
## **Management committee**
The management committee is made up of trustees. All trustees give their time voluntarily and received no remuneration or benefits from the charity during the year.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the charity are as follows:-
1. To lead young men and boys to the Lord Jesus Christ and to fullness of life in him.
2. To provide or assist in the provision in the interests of social welfare of facilities for recreational and other leisure time occupation for young men and boys with the object of improving their condition of life.
## **Charitable activities**
In shaping our objectives and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit.
The main activities undertaken for the public benefit include:
- Youth club and youth events.
- Young people’s activities such as Judo, Karate, Dance etc.
- Adult education classes.
- Partnership working with other organisations.
## **ACHIEVEMENT AND PERFORMANCE**
In addition to its daily activities and its continued involvement in the Fitness Factory, the charity will continue to investigate further projects consistent with its charitable aims.
The charity had a surplus in this year of £5,160 compared with a surplus of £23,043 in 2024. The charity has surplus funds at the end of March 2025 (including freehold property) of £138,600.
Page 3
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Cont’d**
## **FINANCIAL REVIEW Reserves policy**
The reserves policy of Neath YMCA recognises the need to hold reserves to ensure funds are available to continue the provision or assist in the provision, in the interests of social welfare, of facilities of recreation and other leisure time should income fall. Reserves are also required to meet the future maintenance programme for the building, known as YMCA, Pen Y Dre thus ensuring the facilities offered are kept to a high standard. A minimum level of reserves needs to be retained to ensure the trustees can operate the exit strategy and meet its legal commitments should the charity be unable to continue due to a lack of a sustainable income stream. The charity is dependant upon receipt of activity income, letting fees and other income from trust funds. The Trustees have continued to monitor the ongoing financial situation closely during 2024-25. Over the financial year, the charity continued to demonstrate sound, effective financial management. This will continue and maintaining the viability of YMCA Neath will be a priority during 2025-2026 and beyond.
Unrestricted funds stand at £125,279 at 31[st] March 2025. After accounting for tangible fixed assets, the charity currently has free reserves of £66,408 however the trustees aim to retain free reserves of circa 6 months operating costs which would currently equate to approximately £60,000 to £65,000 as per the Charity Commissions best practice guidance.
The trustees will monitor and review the reserves policy on a regular basis or should any other external factors such as the pandemic occur again.
## **ON BEHALF OF THE BOARD** :
……………………………………………………….. Joanna Jenkins – Trustee
Date: 2026
Page 4
## **INPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEES OF YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 5 to 12.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).The Charity’s Trustees consider that an audit is not required for the year under section 144 (2) of the Charity Act 2011 (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
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 charity 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.
## **Richard Chapple**
R. Chapple BSc Econ FCCA WBV Limited Woodfield House Castle Walk Neath SA11 3LN
## Date: **30[th] January 2026**
Page 5
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025**
|
**NoteUnrestrictedRestricted**
**Funds Funds**
**£ £**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Donations and legacies
3,612
-
**Incoming resources from**
**charitable activities**
5
1,726
61,573
Other trading activities
6
72,718
-
Income from investments
2_1,198 -
**Total income and endowments**
79,254
61,573
**RESOURCES EXPENDED**
Expenditure in raising funds
6
73,361
-
Expenditure on charitable activities
5
492
60,098
Other expenditure
1,716
_____-
**Total resources expended**
75,569
60,098
**NET INCOME**
3,685
1,475
Transfers between funds
(11,846)
11,846
**Net movement in funds**
(8,161) 13,321
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
133,440
-
**TOTAL FUNDS CARRIED FORWARD**
125,279 13,321|**2025**
**Total**
**Funds**
**£**
3,612
63,299
72,718
1,198
140,827
73,361
60,590
1,716
135,667
5,160
-
5,160
133,440
138,600|**2024**
**Total**
**Funds**
**£**
7,896
62,384
85,680
939
156,899
82,672
49,096
2,088
133,856
23,043
-
23,043
110,397
133,440|
|---|---|---|
Page 6
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH**
## **BALANCE SHEET AS AT 31 MARCH 2025**
|
**NoteUnrestrictedRestricted**
**Funds Funds**
**£ £**
**FIXED ASSETS**
Tangible assets
8
58,871
-
**CURRENT ASSETS**
Stock
100
-
Debtors
9
888
-
Cash at bank and in hand
68,605
53,321
69,593
53,321
**CREDITORS: amounts falling due within**
**one year**
10
(3,185)
_____-
**NET CURRENT ASSETS**
66,408) 53,321
**TOTAL ASSETS LESS CURRENT LIABILITIES**125,279 53,321
**Deferred income**
_____-
(40,000)
**NET ASSETS**
125,279
13,321
**FUNDS**
Unrestricted funds
11
125,279
-
Restricted funds
11
-
13,321
**Total Funds**
125,279
13,321|**2025**
**Total**
**Funds**
**£**
58,871
100
888
121,926
122,914
(3,185)
119,729
178,600
(40,000)
138,600
125,279
13,321
138,600|**2024**
**Total**
**Funds**
**£**
60,587
100
2,858
74,393
77,351
(4,498)
72,853
133,440
-
133,440
133,440
__ -
133,440|
|---|---|---|
The financial statements were approved by the Board of Trustees on 2025 and were signed on its behalf by:
…………………………………………………..
Joanna Jenkins – Trustee
The notes form part of these financial statements
Page 7
# **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH**
# **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparation and assessment of going concern**
Young Men’s Christian Association Neath Branch was founded under Model Constitution YMCA in January 1967. The address of the registered office is noted in the charity reference and administrative details on page 1 of the financial statements.
The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland, Charities Act 2011 and applicable regulations.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Young Men’s Christian Association Neath Branch meets the definition of a public entity under FRS 102.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income, the amount can be quantified with reasonable accuracy and there is sufficient certainty of receipt.
Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Grants which are dependent on meeting performance targets are recognised to the extent that those performance conditions are met.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 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.
Page 8
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Cont’d**
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and gym equipment – 15% reducing balance. Computer equipment – 25% reducing balance.
In accordance with FRS 102 freehold property is stated at cost. The trustees consider that no depreciation should be charged on the freehold property held by the branch due to the continued investment in the upkeep of the property such that its residual value is at least equal to its cert and is not depreciated.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Debtors and creditors receivable/payable within one year**
Debtors and creditors receivable/payable within one year are recorded at the settlement amount.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Going concern**
No material uncertainties exist which affect the charities ability to continue as a going concern except as disclosed in the ‘Achievement and performance’ paragraph of the Report of the Trustees.
## **Cashflow statement**
A cashflow statement is not prepared in accordance with the Charities SORP (FRS 102).
|**2.**
**INVESTMENT INCOME**
Bank interest
|**2025 2024**
**£ £**
1,198
939|
|---|---|
Page 9
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Cont’d**
## **3. TRUSTEES’ REMUNERATION AND BENEFITS**
There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees’ Expenses**
There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
|**4.**
**STAFF COSTS**
Wages and salaries
Social security costs
Employers pension contributions|**2025**
**£**
80,676
-
_1,159
81,835|**2024**
**£**
81,286
-
950|
|---|---|---|
|||82,236|
The average monthly number of employees during the year was as follows:
|**2025**
**£**
Administrative and project staff
10
No employees received emoluments in excess of £60,000 (2022: None).
**2025**
**£**
Key personnel remunerations benefits
29,125|**2024**
**£**
9
**2024**
**£**
35,620|
|---|---|
## **5. Income from charitable activities**
## Grants:- restricted
Restricted funds are received for a specific purpose within the objects of the charity and must be accounted for separately. All income has therefore been shown as restricted where the donor has stated that the income can only be used for a specified purpose or where it has been raised through an appeal for a specified purpose. Fund movements were as follows:
|Fund
|Income Expenditure Transfer (to)/|Carry forward|
|---|---|---|
||From||
||Unrestricted||
||reserves||
|Action Funder Backyard Nature|
1,000 285 -715|0|
|The Morrisons Foundation|9,714 6,056|3,658|
|Hubbub Foundation after school club|9,000 4,552|4,448|
|The Neighbourly FO|500 1,362 862|0|
|Hubbub Foundation EYP grant|750 547 -203|0|
|SWPolice Tell Emma|500 283 -217|0|
|Postcode Community Trust|10,000 17,298 7,298|0|
|The region NPT growing grant|1,000 2,674 1,674|0|
|Hubbub The lending shed`|9,000 4,053|4,947|
Page 10
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Cont’d**
|Fund
Food Poverty Grant
NPTCBC Biodiversity grant
Lottery Community Fund Friendship Circle
CCSSwansea LBTG +history event
NPT CBC Warm Space
Groundwork Den
Grants Unrestricted
Sportlott
YMCA
Total
`
**6.**
**OTHER TRADING ACTIVITIES –**
Subscriptions
General fundraising
Fitness factory
Partnership activities|Income Expenditure Transfer (to)/
Carry forward
From
Unrestricted
reserves
3,200
4,125
925
0
399
114
-285
0
12,050
14,699
2,649
0
1,800
512
-1,288
0
2,285
3,431
1,146
0
375
107
___-
268
61,573
60,098
11,846
13,321
1,000
285
-
715
726
207
___-
519
1,726
492
__-
1,234
63,299
60,590
11,846
14,555
**UNRESTRICTED FUNDS**
**Income Expenditure Surplus/ Surplus/**
**(Deficit) (Deficit)**
**2025 2024**
**£ £ £ £**
13,227
16,694
(3,467)
(1,396)
9,062
8,551
511
1,260
15,218
14,889
329
(86)
35,211
33,227
1,984
3,229
72,718
73,361
(643)
3,007|
|---|---|
## **7. ALLOCATION OF GOVERNANCE AND OTHER SURPLUS COSTS**
The breakdown of support costs and how these were allocated between governance and other support costs is shown in the table below:
|**Cost Type**
Staff costs
Premises costs
Miscellaneous overheads
**Governance costs**
Licences and professional charges
From support costs|**Total Governance Other Support Basis of**
**Allocated Related Costs Apportionment**
**£ £ £**
56,605
14,000
42,605 Estimated staff time
9,893
3,000
6,893 Estimated usage
2,122
750
1,372Estimated usage
68,620
17,750
50,870
**£**
-
17,750
17,750|
|---|---|
Page 11
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Cont’d**
The total support cost and governance costs attributed to the activities of the charity is then apportioned pro rata to the income generated. The allocation of cost is as follows:
|**£**
Subscriptions to classes
12,482
Fitness factory
14,360
General fundraising
8,551
Partnership activity
33,227
68,620
**8.**
**TANGIBLE FIXED ASSETS Freehold**
**Property**
**£**
**COST**
As 1 April 2024 and 31 March 2025
50,325
**DEPRECIATION**
At 1 April 2024
-
Charge for the year
-
As at 31 March 2025
-
**NET BOOK VALUE**
At 31 March 2025
50,325
At 31 March 2024
50,325
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Debtors
Prepayments and accrued income
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Payments in advance
PAYE and Social Security
Accruals
|**Plant and**
**Machinery**
**£**
39,726
29,464
1,716
31,180
8,546
10,262
**2025**
**£**
767
121
888
**2025**
**£**
-
1,456
1,729
3,185|
2
2|**Total**
**£**
90,051
29,464
1,716
31,180
58,871
60,587
**2024**
**£**
,683
175
,858
**2024**
**£**
917
1,141
2,440
4,498|
|---|---|---|---|
|||
||
Page 12
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Cont’d**
|**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted funds
**TOTAL FUNDS**|**Net**
**Movement in**
**At 01/04/24 Funds As 31/03/25**
**£ £ £**
133,440
(8,161)
125,279
- 13,321 13,321
133,440 5,160 138,600|
|---|---|
Net movement in funds, included in the above are as follows:
|
**Unrestricted funds**
General fund
**Restricted funds**
Restricted funds
**TOTAL FUNDS**|**Incoming**
**Resources**
**£**
79,254
61,573
140,827|**Resources Movement in**
**expended funds before**
**transfer**
**£ £**
75,569 3,685
60,098 1,475
135,667 5,160|**Transfer Movement in**
**funds after**
**transfer**
**£ £**
(11,846)
(8,161)
11,846 13,321
- 5,160|
|---|---|---|---|
## **12. PENSIONS AND OTHER POST RETIREMENT BENEFITS**
The charity operates a defined contributions pension plan for its employees. The amount recognised as an expense in the year was £1,159 (2024 £950).
## **13. ULTIMATE CONTROLLING PARTY**
The charity is controlled by the board of trustees’.
Page 13
## **YOUNG MEN’S CHRISTIAN ASSOCIATION NEATH BRANCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|
**INCOMING RESOURCES**
**Donations and legacies**
Legacy
Donations
Other income
**Other trading activities**
Subscriptions
Coffee bar
Fitness factory
General fundraising, section recharge, sales items, special efforts, various
Partnership activities
**Investment income**
Bank interest
**Incoming resources from charitable activities**
Grants
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Wages
Insurance
Light and heat
Telephone
Postage, printing and stationery
Repairs, renewals and cleaning
Marketing
Bank charges and interest
Key holder and cleaning service and security
Miscellaneous
Class costs
Water rates
Baby bank
Affiliation fees
Grant Expenditure
Depreciation
**Net Surplus**|**2025**
**£**
-
3,136
476
3,612
13,227
134
15,218
8,928
35,211
72,718
1,198
63,299
140,827
81,835
7,802
11,183
720
3,026
3,377
11
293
370
714
3,524
2,001
-
540
18,555
1,716
135,667
5,160|**2024**
**£**
-
6,798
1,098
7,896
14,238
-
16,466
15,426
39,550
85,680
939
62,384
156,899
82,236
4,077
8,621
720
1,500
9,450
230
384
237
5,502
2,860
2,064
1,978
395
11,514
2,088
133,856
23,043|
|---|---|---|
||||