FULHAM AND SOUTH KENSINGTON
YOUNG MEN'S CHRISTIAN ASSOCIATION
REPORTS and FINANCIAL STATEMENTS Period ended 31 December 2024
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 11th May 2024, summarised activity and events during 2023/24 concerning the hostel, the three attached shops, and Cranford Road Tonbridge. This report provides an update for 2024/25, with the exception of financial transactions, which are summarised to the end of 2024.
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 6th July 2024, 12th October 2024 and 18th January 2025. 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.
Future of Fulham Properties
The committee are currently discussing the disposal of the Fulham properties, and have been approached by an interested party. If this takes place, the Association's future income would be derived mainly from financial investments rather than property rentals.
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 2024 we have been able to make grants to support the following projects:
(1) A total of fourteen 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, St Stephen's Westbourne Park and The Boathouse Church Putney. (Some of these were part-time or training appointments.)
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FULHAM and South Kensington YMCA
- (2) An Assistant Pastor at Twynholm Baptist Church Fulham who oversees and participates in Youth
Work.
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(3) A Pastor at Polesworth Baptist Church reaching out to local youth.
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(4) A Chaplain working at Fulham Boys' School
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(5) A CPAS Falcon camp which included children from Fulham who otherwise might not have been able to attend
Incorporation
The Property Trustees and the Committee continue to work towards Incorporating the Association.
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 assist churches and other Christian organisations in discipling and equipping the next generation for the challenges of a rapidly changing world.
Joel Shepherd 02 May 2025
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 2024
| 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 Held at bank Creditors Rent in advance Total |
2024 15,860.41 (13,563.46) 30,366.00 32,662.95 273,587.00 |
2023 73,296 22,517 (79,953) |
|---|---|---|
| 15,860 303,953 |
||
| £306,249.95 | £319,813 | |
| 0.00 11,767.03 332,651.45 (922.00) (37,246.53) |
0 35,520 329,089 (605) (44,191) |
|
| £306,249.95 | £319,813 |
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 2024 are as approved by the committee of management
Andrew Maltby Treasurer 02 May 2025
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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 2024 which are set out on pages three and five.
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:
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1 which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 41 of the Act; and
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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
02 May 2025
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FULHAM and South Kensington YMCA
Income and expenditure account for the year ended 31 December 2024
| Income Rents 174761.73 Insurance reimbursed 4282.90 179044.63 Interest 5190.87 Mortgage advance 184235.50 Expenditure Insurance 4680.23 Maintenance/Rates 4981.89 Meeting expenses 2610.26 Accountancy 0.00 Bank charges 60.00 Professional fees 11105.64 23438.02 Donations Youth work 136558.00 Sundry 37802.94 174360.94 Total expenditure 197798.96 Excess of expenditure over income -13563.46 |
2024 174762 164488.19 4283 3359.59 179045 167847.78 5191 676.19 ~~0~~ 184236 168523.97 4680 4325.26 4982 5759.04 2610 1891.48 0 50.00 60 60.00 11106 21840.88 23438 33926.66 0 136558 81825.00 0 37803 30255.00 174361 112080.00 0 197799 146006.66 £0 (£13,563) £22,517.31 |
2023 164488 3360 |
|---|---|---|
| 167848 676 |
||
| ~~0~~ 168524 |
||
| 4325 5759 1891 50 60 21841 |
||
| 33927 | ||
| 81825 30255 |
||
| 112080 | ||
| 146007 | ||
| £22,517 |
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 |
2023 Allocated 124000 1000 136189 119796 43764 23199 |
Expended 2024 125000 136558 119427 37803 29160 |
|---|---|---|
| 303953 143995 |
174361 273587 |
|
| 224000 | -30366 79953 303953 |
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