## **FULHAM AND SOUTH KENSINGTON**
## **YOUNG MEN'S CHRISTIAN ASSOCIATION**
**REPORTS and FINANCIAL STATEMENTS Period ended 31 December 2023**
_Charity no. 251555_
**641-643 Fulham Road London SW6 5PU**
**FULHAM** _and South Kensington_ **YMCA**
## **Annual Report of the Fulham & South Kensington YMCA**
## **Résumé**
The previous Annual Report, dated 13th May 2023, summarised activity and events during 2022/23 concerning the hostel, the three attached shops, and Cranford Road Tonbridge. This report provides an update for 2023/24, with the exception of financial transactions, which are summarised to the end of 2023.
## **Executive Committee Meetings**
The Executive Committee (including the Property Trustees as ex officio members) meets each year immediately before the Annual Meeting. The other three main committee meetings took place on 8th July 2023, 14th October 2023 and 20th January 2024. In accordance with current regulations, all committee members are registered as Trustees.
## **The Hostel**
The hostel is in good condition and well-presented. The lease with Springboard has been extended from 2027 to 2042 as previously agreed.
## **Shops**
All three shops are currently leased out. Although we are now in a strong financial position, we are nonetheless aware that the current state of the economy (and therefore our income) remains uncertain. Day to day management of the properties is overseen by a local firm of Chartered Surveyors.
## **Cranford Road, Tonbridge**
The specialised facilities at Cranford Road continue to be enjoyed by a person with chronic special needs and her carers.
## **Allocation of Funds**
During 2023 our additional funds have made it possible to extend our support, which has included grants in respect of the following projects:
(1) A total of nineteen church-based youth workers at Community Church Putney, Rise Academy (in association with The Bridge Church Battersea,), St John's Chelsea, St John's Littleworth (Stafford), St Mary's West Kensington, St Matthew's Bayswater, St Matthew's Fulham, St Michael's Fulwell, St Peter's Fulham and St Stephen's Westbourne Park. (Some of these were part-time appointments, and some youth workers left during the year.)
(2) An Assistant Pastor at Twynholm Baptist Church Fulham who oversees and participates in Youth Work.
- (3) A student undertaking an internship with the Saltmine Trust (a Christian Theatre company). (4) The Stafford Passion play (also put on by the Saltmine Trust).
- (5) A CPAS Falcon camp which included children from Fulham who otherwise might not have been able to attend.
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**FULHAM** _and South Kensington_ **YMCA**
## **Incorporation**
The Property Trustees and the Committee have instructed solicitors to advise them on the best way to modernise the 1898 Trust Deed and move towards incorporating the Association. Discussions concerning this are ongoing.
## **Risk Assessment and Reserves Policy**
When making grants we carefully assess each project before agreeing funding, performing necessary due diligence on the churches and other organisations making applications. We aim to have sufficient reserves to honour our commitments to our beneficiaries should any problems occur with our income stream.
## **Public Benefit**
When assessing projects, the management committee has regard to the guidelines set out by the Charity Commission and the objects of the Association. Beneficiaries are requested to report on their work to the Association's Annual Meeting (where possible). The committee therefore considers that in providing accommodation for a disabled person and her carers, and in making the above grants to further various projects benefiting other Christian communities and their neighbourhoods (with a particular focus on outreach to young people) it has fulfilled the public benefit requirements of the charity and met the objects set out in our rules of association.
## **Conclusion**
We thank God for His continued provision, and pray for wisdom as we seek to restructure the Association to meet the challenges of the twenty-first century.
Joel Shepherd 11 May 2024
**The Property Trustees**
Paul Laffey, Andrew Maltby, Jonathan O'Brien, Ivor Sowton, Jeff Shepherd **The Executive Committee**
Paul Laffey, Andrew Maltby (Treasurer), Martin McCauley (Chair), Joel Shepherd (Secretary), Ivor Sowton, Jeff Shepherd, Martin Hartigan, Jonathan O'Brien, and Jonathan McDowell
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**FULHAM** _and South Kensington_ **YMCA**
## **Balance Sheet as at 31 December 2023**
|**General Fund**
Balance Brought forward
Excess of income over expenditure
Transfer (to)/from designated funds
**Free reserves**
**Designated reserves**
**Total funds**
**Represented by:**
Rent paid in advance
Debtor
CAF Bank
Creditors
Rent in advance
**Total**|**2023**
73,296.09
22,517.31
(79,953.00)
15,860.40
303,953.00|**2022**
97,557
51,739
(76,000)|
|---|---|---|
|||73,296
224,000|
||**£319,813.40**|**£297,296**|
||0.00
35,519.90
329,089.48
(605.00)
(44,190.98)|0
6,937
335,282
(850)
(44,073)|
||**£319,813.40**|**£297,296**|
## **Notes to the accounts**
## **Basis of preparation:**
These accounts have been prepared on a receipts and payments basis and accord with s42(3) Charities Act 1993, modified for unpaid liabilities which were contracted for prior to the balance sheet date, no distinction being made between transactions of a capital or revenue nature.
## **Non monetary assets:**
The YMCA trustees are the beneficial owners (subject to the relevant trusts) of the following assets, the legal title of which is held by the trustees:
## **Land and buildings**
The land and buildings situated at 641-643 Fulham Road, SW6 5PU and at 1 Cranford Road, Tonbridge, Kent.
## **Liabilities**
The are no charges over the freehold properties of the trust.
## **Treasurer's report to the Trustees**
The accounts and statement of assets set out on this and the attached pages relating to the year ended 31 December 2023 are as approved by the committee of management
**Andrew Maltby Treasurer 11 May 2024**
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_and South Kensington_ **YMCA**
## **FULHAM**
## **Independent examiner’s report to the trustees of the Fulham and South Kensington YMCA**
I report on the accounts of the Fulham and South Kensington YMCA for the year ended 31 December 2023 which are set out on pages three, five and six.
## **Respective responsibilities of trustees and examiner**
As the trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under section 43 (7)(b) of the Act, whether particular matters have come to my attention.
## **Basis of the independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **To the trustees:**
## **Independent examiner’s report**
In connection with my examination, no matter has come to my attention:
- 1 which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 41 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
- have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
**Stuart Moffatt** London
11 May 2024
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**FULHAM** _and South Kensington_ **YMCA**
## **Income and expenditure account for the year ended 31 December 2023**
|**Income**
£0.00
budget
Donations, offerings and tax recovery
Rents
164488.19
Insurance reimbursed
3359.59
Membership fees
167847.78
Interest
676.19
Mortgage advance
168523.97
**Expenditure**
Insurance
4325.26
Maintenance/Rates
5759.04
Meeting expenses
1891.48
Accountancy
50.00
Bank charges
60.00
Mortgage payments
Professional fees
21840.88
33926.66
**Donations**
Youth work
81825.00
Sundry
30255.00
112080.00
**Total expenditure**
146006.66
**Excess of income over expenditure**
**22517.31**|**2023**
0
0.00
164488
163693.31
3360
3515.98
0
30.00
167848
167239.29
676
283.22
0
168524
167522.51
0
0
0
4325
4025.19
5759
8630.92
1891
1793.79
50
50.00
60
81.50
0
9945.63
21841
450.00
33927
24977.03
0
81825
70852.00
0
30255
19954.00
112080
90806.00
0
146007
115783.03
**£0**
**£22,517**
**£51,739.48**|**2022**
0
163693
3516
30|
|---|---|---|
|||167239
283
0|
|||167523|
|||4025
8631
1794
50
82
9946
450|
|||24977|
|||70852
19954|
|||90806|
|||115783|
||||
|||**£51,739**|
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**FULHAM** _and South Kensington_ **YMCA**
## **Notes to the accounts**
## **Designated funds**
The trustees have allocated funds to meet future commitments which are held as to:
|Contingency reserve
Youth work
Other work
Net movement in funds
Movement in 2022|**2022**
**Allocated**
124000
0
80000
138014
20000
54019|**Expended**
**2023**
124000
81825
136189
30255
43764|
|---|---|---|
||224000
192033|112080
303953|
||148000|79953
76000
224000|
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