## **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.
- (3) A Pastor at Polesworth Baptist Church reaching out to local youth.
- (4) A Chaplain working at Fulham Boys' School
- (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:
- 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
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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