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2024-03-31-accounts

YMCA St Helens

Financial Statements For the Year Ended 31 March 2024

YMCA St Helens

Financial Statements For the Year Ended 31 March 2024

Contents Page
Officers and Advisers 1
Board Report incorporating the Strategic Report
and Value for Money statement 2 - 9
Independent Auditors’ Report 10 - 12
Statement of Comprehensive Income 13
Statement of Financial Position 14
Statement of Changes in Reserves 15
Statement of Cash Flows 16
Notes to the Financial Statements 17 - 25

YMCA St Helens

Officers and Advisers

Honorary President: Louis F Rigby Management Team: Chief Executive Justin C D Hill Director of Operations Sarah M Challands Director of Development Matthew Moreton Nursery Manager Ashley Cook Directors: David L Hickman Kenneth Jackson Claire Morley Elaine Stanley Richard I Tully Sheila Whitton Samuel Crossley Secretary: Justin C D Hill Registered office and Principle place of Business: 2 North Road St Helens Merseyside WA10 2TJ Registrations: Company Number: 1947323 Charity Number: 517144 Regulator of Social Housing: LH3685 External Auditors: Xeinadin Audit Limited 2 Hilliards Court Chester Business Park Chester Cheshire CH4 9QP Bankers: National Westminster Bank plc 5 Ormskirk Street St Helens Merseyside WA10 1DR

1

YMCA St Helens

Strategic Report for the year ended 31 March 2024

The Association's tangible net worth increased from £10.38m to £10.46m in the reporting period, based on the calculation originally used for the purposes of monitoring adherence to the financial covenants of our loan agreement. Gross gearing decreased from 2.3% to -1.4%. The relevant thresholds are above £6.6m and below 50% respectively; thus, the Association continues to perform well on key financial measures.

Housing

The Association provides 103 units over two stages of supported accommodation, working effectively with people experiencing homelessness to enable them to sustainably transition to independent living. Demand for our services is high, with 417 referrals during the reporting period - up 61 from last year (356 in 2022-23).

Service utilisation during the reporting period was up 0.3% to 95.2%, compared with just over 94.9% in the previous year. We continue to improve the standard of the units, with ongoing decorating works and replacement kitchens and bathrooms. This year 70.5% of residents leaving our supported accommodation achieved independent living, compared to 72.9% last year; we believe this is owing to increased complexity within the cohort of clients being referred. 10% of residents who left during the reporting period moved into their own privately rented or registered social landlord accommodation, compared with 27% in the previous reporting period. 37% of leavers from Central Court, our second stage supported accommodation, moved into their own accommodation (38% in 2022-23).

Residents provide feedback on our services in various ways. Analysis of exit interviews demonstrates that 98% of residents say the accommodation is excellent (up from 96% in 2022-23), 99% state that the staff team are helpful (98% in 2022-23), and 98% found their support plan appropriate (98% in 2022-23).

The Association provides support and advice to our residents through our well-established Foyer Project. 52 clients registered with this service in the reporting period, with 48 others also accessing the project or benefiting from the services provided. We have continued to network with organisations such as St. Helens Chamber before their closure, Adult and Community Learning and St. Helens College regarding training & education courses as well as Halton & St. Helens VCA regarding voluntary work. We have also been able to offer online opportunities such as the Training Hub Big Initiative courses and also a number of clients have participated in the AQA scheme. Overall clients have undertaken courses and achieved a number of qualifications. During the last year, 82 residents have also undertaken our in-house It’s Your Move course, which assisted them in securing independent accommodation, and 2 residents gained part time employment, whilst 4 have undertaken voluntary work. We have also provided support with regards to health, benefits, accommodation, and financial issues, as well as various activities with the aims of enhancing people’s general health and wellbeing and preventing them from feeling lonely, depressed and isolated.

Through our connections with St Helens Council - Supported Employment Services, we have been able to offer 3 voluntary placements to young adults with learning difficulties who wanted to experience a working environment within the Admin, Gardening and Painting and Decorating teams. They each completed tasks towards AQA units and at the end of the 12-week program we had an awards ceremony, presenting certificates and achievements.

Early Years

Beacon Nursery is a day nursery that offers quality childcare and education for the early years in a child’s life. Management is embedding a love of learning in all the children, supported by the experienced team of practitioners. We also ‘grow our own’ through our local town college apprenticeships, focusing on them flourishing to becoming qualified members of staff. We make sure the children have the best start in to life by using the EYFS framework and Development Matters, guiding us to help nurture each child in a unique way. The nursery provided care and learning for 115 children this year (2023-24), a great increase from 102 in 2022-23.

As an Early Years setting, we strive to enthuse the love of learning that challenges a child’s mind to their capabilities. We are proud to be a recommended nursery, by the Local Authority, to look after children with special educational needs and disabilities. This year we were successful to be granted one-to-one funding (ESS funding) for two children. This had a great impact on being able to attend to their individual needs. FEEE (Funded Early Education Entitlement) assists parents in securing quality early education for their children at either two, three or four years old, dependent upon changing eligibility criteria. At Beacon Nursery, we pride ourselves on ensuring good safeguarding practices where the needs of every child are taken into consideration.

Cost of Living Support

The rising costs of living has affected everybody, and this year we have worked hard to support beneficiaries, residents, volunteers and staff where we can.

Thanks to a grant of £68,684 from the governments Cost of Living Fund, we were able to expand the support offered, ensuring it reached those who needed it most.

2

YMCA St Helens

Strategic Report for the year ended 31 March 2024 (continued)

We supported children, young people and their families in various ways including hampers, vouchers, support towards household essentials/childcare, positive activities, and someone to talk to. Feedback includes:

Youthwork

Our successful pilot last year enabled The Listening Service to become a fully commissioned service, with funding from the National Lottery Community Fund and NHS Cheshire and Merseyside, St Helens ICB.

In its first full year, a total of 355 referrals were received with 266 unique young people supported. 189 young people completed their course of support, which is normally made up of 12 sessions.

Our evaluations show that:

Youth Matters Awards Finalists

The Listening Service was a finalist in YMCA England and Wales’ Youth Matters Awards in the category Support and Advice Project of the Year and one of the young people supported by the project, Emily, was a finalist for the Young Achiever of the Year award. Whilst neither award was won, Emily did win the prestigious Lewis Sewell Memorial Award in recognition of the courage, resilience and positivity she had shown.

Future Growth

The year began with news that we had successfully applied to the Youth Investment Fund (YIF) for £1,472,851 for a capital project, enabling us to redevelop part of our main building, converting it into a youth hub for 11-to-18-year-olds, with a particular focus on supporting young people with their mental health and wellbeing, using the themes of Get Active and Get Creative.

Capital work began in October 2023 and is due for completion in April/May 2024. The Youth Hub will host our youthwork which will be expanding further thanks to a successful tender to be one of 24 “Children and Young People Early Intervention Hubs” pilot projects, funded by the Department of Health and Social Care. This will allow us to provide a “one door” approach to young people accessing Mental Health and wellbeing support, resulting in an expanded listening service, a new Y-Mentoring service, and a wider range or preventative group based youthwork activities which will be based in the new Youth Hub building. The age range of those supported will also expand, with some activities supporting 18–25-year-olds.

Awards

In September 2023, YMCA St Helens was shortlisted as a finalist in the St Helens Borough Business Awards 2023 in the category Social Business of the Year. The Association’s Chief Executive is the inaugural Independent Chair of the St Helens Inequalities Commission; in June 2023, the work of the Commission was recognised at the national MJ Achievement Awards, winning A Whole-Council Approach to Tackling Health Inequalities.

Risk and Compliance

A comprehensive risk register is maintained and scrutinised by the Audit Committee. The association has systems and processes in place to ensure value for money in purchasing and procurement, achieving cost savings wherever possible.

Key risks addressed at governance level during the reporting period included: oversight of the association’s approach to the continuing risks associated with SARS-CoV-2; safeguarding; health and safety risks - including damp and mould, gas, asbestos, fire, electrical, water hygiene, and lifts; nursery financial performance through the monitoring of a six-point improvement plan; management of risk relating to the housing of people with arson-related offences; ensuring the continued strategic relevance of services, particularly through active engagement with commissioning processes; ensuring rental charges are accurately and appropriately reviewed; updating human resource policies; reviewing information and communications technology requirements; monitoring quality and compliance.

3

YMCA St Helens

Strategic Report for the year ended 31 March 2024 (continued)

Specific risks relating to the Youth Hub capital development identified and overseen by the board include: delays to the construction plan; loss of income owing to disruption or overrun; construction costs extending beyond budgeted contingency; lower than expected interest from young people once completed. The board have reviewed our internal controls framework and our compliance with the Charity Governance Code. The Board confirms that the Association complies with the Regulator of Social Housing's Governance and Viability Standard.

Value for Money Metrics

The data has been calculated in accordance with the Value for Money Standard issued in April 2018. The Benchmark metrics are derived from VFM metrics attributable to YMCA Crewe, an organisation of a similar size to YMCA St Helens.

YMCA St Helens YMCA St Helens YMCA Crewe
2022-23
Actual		 2023-24 2024-25
Target		 2023-24
Target Actual
Re-investment % 2.51% 4.14% 2.03% 2.54% 0.59%
New Supply - social housing % 0.00% 0.00% 0.00% 0.00% 2.50%
New Supply – non-social housing % 0.00% 0.00% 0.00% 0.00% 0.00%
Gearing -3.49% -1.22% -6.5% -2.51% -5.22%
EBITDA-MRI interest cover 1068.36% 585.84% 3498.83% 642.70% 1,521.97%
Headline social housing cost per unit £11,012 £12,691 £13,225 £14,598 £14,747
Operating margin (social housing units) 16.93% 10.10% 9.75% 10.05% 12.64%
Operating margin (overall) 6.96% 2.68% 41.41% -0.85% 8.79%
Return on capital employed (ROCE) 1.66% 0.71% 11.05% -0.29% 3.63%

In addition the Association has developed their own metrics to measure performance as detailed below:

YMCA St Helens YMCA St Helens
2022-23
Actual		 2023-24 2024-25
Target
Target Actual
Percentage of rent collected 98.94% 98.55% 98.69% 98.79%
Voids and bad debts percentage 5.94% 6.24% 4.94% 3.60%
Customer satisfaction 97% 100% 98% 100%
Throughput of residents 205% 300% 261% 300%
Proportion of planned moves 73% 76% 71% 76%

4

YMCA St Helens

Directors’ Report For the Year Ended 31 March 2024

Financial Statements

The directors present their annual report and audited financial statements of the Association for the year ended 31st March 2024.

Activities

YMCA St Helens continues to carry on developing and extending the work of the YMCA in St Helens on a strictly non-political and non-sectarian basis and generally to provide and assist the advancement of the spiritual, intellectual and physical condition of people in accordance with and by such means as are consistent with the recognised principles and objectives of the Young Men's Christian Association.

Status

The Association is a company is limited by guarantee. Every member of the Association undertakes to contribute to the assets of the Association in the event of the same being wound up while he/she is a member, or within one year after he/she ceases to be a member, for payment of the debts and liabilities of the Association contracted before he/she ceases to be a member, and of the costs, charges, and expenses of winding up and for adjustment of the rights to contributions among themselves, such of amount as may be required not exceeding one pound.

Statement of Comprehensive Income

The results for the year are set out in the Statement of Comprehensive Income on page 13. The directors regard the performance for the year as satisfactory. The Association has adopted the Statement of Recommended Practice (SORP) for Registered Housing Providers 2018.

Turnover and other income for the year amounted to £3,401,818 which was an increase of 22.2% when compared with the previous year. Operating costs increased by 23.9%. Other income has increased to £1,374,130 as a result of the YIF capital grant award. Operating surplus has therefore increased to £1,408,835 compared with £248,380 in 2023.

The total comprehensive income for the year was £1,468,429 compared to £225,124 in the previous year.

The total reserves of the Association now amount to £6,488,539.

The directors believe that the Association can continue to achieve its aims and objectives.

Reserves policy

The Board of Trustees seek to maintain reserves at levels to allow the Association to continue to provide the services that the reserves are intended to support while managing the risks associated with long term expenditure plans. The Board consider that reserves equating to three months expenditure would be sufficient to meet these expectations.

A budget and three year forecast for reserves is set each year to achieve this objective and the level of reserves is monitored throughout the year by the Board. The budget set for 2024/25 would indicate a level the reserves needed would equate to approximately £810,000.

The reserves represents:

Due to the nature of the organisation as a Registered Housing Provider, the free reserves are measured as the net current assets, excluding any element represented by restricted reserves. This measure would therefore exclude long term liabilities principally tied up with the fixed assets.

At the 31 March 2024 this measure equated to £591,000. Which falls short of the £810,000 target but the Board are confident that in the coming year the target will be met.

Code of Governance

The directors have adopted the Charity Governance Code relating to registered charities. The directors confirm the Association complies with the requirements of the code.

Fixed Assets

The movement in fixed assets is set out in note 10 to the financial statements.

5

YMCA St Helens

Directors’ Report (continued) For the Year Ended 31 March 2024

Recruitment and appointment of new trustees

Directors are recruited by way of verbal recommendations or offers from key interested individuals who wish to be considered for Board membership. Such people are considered in respect of their skills, experience and capabilities and represent a cross section of professional and lay people representing public, private, voluntary, community and faith sectors. The process of formal acceptance takes place. New board members are formally appointed at the next board meeting. All new Trustees are registered at Companies House.

Induction and training of new trustees

The directors’ induction procedure includes training in relation to governance, the role of a director and their responsibilities and any other matters that support their role.

Executive officers

The directors delegate day-to-day management and take advice from the Chief Executive and members of the senior leadership team. The senior leadership team also delegate financial and operational matters to other members of the Association’s staff, as deemed appropriate. Regular meetings are held to ensure that the Association’s objectives continue to be met, including the review of monthly financial reports which are compared and monitored against the annual budgets.

The directors determine senior pay and terms and conditions. Salaries and benefits are benchmarked against the Association’s peer group of similar registered providers and reviewed annually.

Directors and their Interests

The directors who served during the year were as follows:-

John Frodsham - Resigned 30[th] January 2024 Frank Grayson - Resigned 30[th] January 2024 David L Hickman Kenneth Jackson Claire Morley Elaine Stanley Richard I Tully Sheila Whitton Samuel D R Crossley - Appointed 24[th] August 2023

Statement of Directors’ Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company Law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Association and of the surplus or deficit of the Association for that year.

In preparing these financial statements, the directors are required to:

The directors are responsible for the maintenance and integrity of the Association’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Association and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for taking reasonable steps to safeguard the assets of the Association and to prevent and detect fraud and other irregularities.

6

YMCA St Helens

Directors’ Report (continued) For the Year Ended 31 March 2024

Public Benefit

The Charities Act 2011 identifies 13 descriptions of charitable purpose. The work of YMCA St Helens clearly addresses:

The prevention or relief of poverty; The advancement of education; The advancement of health or the saving of lives; The advancement of citizenship or community development; The advancement of amateur sport;

The advancement of human rights, conflict resolution or reconciliation or the promotion of religious or racial harmony or equality and diversity; and

The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage.

The Trustees of the Association, in their oversight of the Association’s strategy and operations, have had regard to and believe that they meet with, the Commission’s guidance on Public Benefit.

The Charities Act 2011 identifies two key principles of Public Benefit:

Principle 1 - There must be an identifiable benefit or benefits

YMCA St Helens provides supported housing to people experiencing homelessness, with the aim of supporting them and preparing them to move on into independent accommodation. To this end, the Association operates three stages of accommodation: supported catered accommodation with study rooms; supported self-catering accommodation with shared flat lets; and general needs single occupancy independent units.

"The provision of accommodation constitutes relief of poverty, because homelessness both causes and is caused by other aspects of poverty and social exclusion, including financial problems, unemployment and deterioration in mental and physical health."

People experiencing homelessness are in need by reason of financial hardship or other disadvantage. The provision of accommodation for people experiencing homelessness constitutes the advancement of human rights in that Article 25(1) of the Universal Declaration of Human Rights states:

“Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services…”

Residents in our supported accommodation have access to a service known as Foyer: this is a training and development project providing education, skills development, and activities that build self-esteem and confidence. YMCA St Helens works closely with a range of partner agencies to advance the health, education and citizenship of residents and the Association is actively involved with wider efforts for community development.

YMCA St Helens operates a 96 place children’s nursery. The standard of nursery care and education has been assessed as being good by Ofsted. YMCA St Helens advances amateur sport – particularly badminton and squash– in our community centre in St Helens. The clear benefits derived from the services delivered by the Association are related to the objects expressed in our Memorandum of Association.

– Principle 2 Benefit must be to the public or a section of the public

Access to housing is open to any person experiencing homelessness and in need of support, in accordance with our lettings policy and an assessment of risk.

YMCA St Helens offers a wide range of activities at our community centre: many of these have common sense restrictions, such as age limits for scouting. YMCA St Helens recognises equality of opportunity as a core value: we strive to ensure that no-one is unreasonably refused any service that we provide.

The Association does charge fees for some, but not all, of its services – including rental charging for accommodation. These charges are necessary to enable the Association to achieve its strategic objectives.

The fees charged for services by the Association tend to reflect the cost of delivery, and where these costs are higher the level of fees will reflect this. For example, fees to attend an activity or exercise class tend to be low, as this is generally sufficient to cover the cost of a qualified instructor and overheads. The fees for our nursery education are higher because the statutory staffing ratios require a high level of staffing throughout the day.

The Trustees of the Association recognise their duty to consider offering free or subsidised access to services provided under Charity Commission guidance document Public Benefit and Fee Charges.

7

YMCA St Helens

Directors’ Report (continued) For the Year Ended 31 March 2024

Public Benefit (Continued)

YMCA St Helens takes measures to ensure that potential service users are not excluded from our services owing to an inability to pay. Service users accessing our supported housing provision are supported to claim all appropriate welfare benefits which can contribute towards the cost of services.

We work in partnership with local statutory and education sector partners to ensure that parents or carers who would otherwise be unable to afford nursery fees are able to access our provision wherever practicable.

Board Statement on Internal Financial Controls

In accordance with company law, as the Association’s directors, we certify that there is no relevant audit information of which the Association's auditors are unaware and the directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Political and Charitable Contributions

During the year, the Association made no political donations (2023 - Nil). Any charitable contributions are made within the Association’s normal activities.

8

YMCA St Helens

Directors’ Report (continued) For the Year Ended 31 March 2024

Auditors

In accordance with the Companies Act 2006 a resolution to re-appoint the Association's auditors, Xeinadin Audit Limited will be proposed at the next Board Meeting.

Approved by the Directors on ……….……………………………………

Signed on their behalf by:

……….…………………………………… Elaine Stanley, Director

……….…………………………………… David Hickman, Director

……….…………………………………… Justin Hill, Secretary

9

YMCA St Helens

Independent Auditor’s Report to the members of YMCA St Helens For the Year Ended 31 March 2024

Opinion

We have audited the financial statements of YMCA St Helens (the ‘Association’) for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Reserves, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies in note 1. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Association in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Board’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Board with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Board is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

10

YMCA St Helens

Independent Auditor’s Report to the members of YMCA St Helens (continued) For the Year Ended 31 March 2024

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Association and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the Statement of Directors’ Responsibilities set out on page 6, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Association’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Association or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s web-site at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, was as follows:

11

YMCA St Helens

Independent Auditor’s Report to the members of YMCA St Helens (continued) For the Year Ended 31 March 2024

We assessed the susceptibility of the Association's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Use of our report

This report is made solely to the Association’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Association's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Association and the Association’s members as a body for our audit work, for this report, or for the opinions we have formed.

Alastair Jeffcott BA FCA (Senior Statutory Auditor) For and on behalf of Xeinadin Audit Limited

…………………………………………………………….

Statutory Auditor 2 Hilliards Court Chester Business Park, Chester Cheshire, CH4 9QP

Date:

12

YMCA St Helens

Statement of Comprehensive Income For the Year Ended 31 March 2024

Notes
Turnover
2
Operating expenditure
2
Other income
2
Operating surplus
Interest receivable
Interest payable and financing costs
5
Pension provision adjustment
Surplus before Taxation
Total comprehensive income for the year
6		 Year Ended
31-Mar-24
£
3,401,818
(3,367,112)
34,706
1,374,130
1,408,835
28,602
(45,189)
76,180
1,468,429
1,468,429		 Year Ended
31-Mar-23
£
2,784,579
(2,716,602)
67,977
181,403
249,380
7,062
(31,318)
-
225,124
225,124

The financial statements on pages 13 to 25 were approved and authorised for issue by the Board on …...................... and were signed on its behalf by:

Board Member: E Stanley

…………………………………………..

Board Member: D Hickman

…………………………………………..

Secretary: J C D Hill

…………………………………………..

The results relate wholly to continuing activities and the notes on pages 17 to 25 form an integral part of these accounts.

13

YMCA St Helens

Statement of Financial Position For the Year Ended 31 March 2024

Notes
Fixed Assets
Tangible fixed assets
10
Current Assets
Trade and other debtors
11
Cash and cash equivalents
12
Less: Creditors:
Amounts falling due within one year
13
Net Current Assets
Total Assets Less Current Liabilities
Creditors:
Amounts falling due after more than one year
13a
Total net assets
Reserves
Income and expenditure reserve
20
Total reserves		 At
31-Mar-24
£
12,249,168
12,249,168
280,799
1,120,097
1,400,896
(895,524)
505,372
12,754,540
(6,266,001)
6,488,539
6,488,539
6,488,539		 At
31-Mar-23
£
11,077,983
11,077,983
242,026
934,567
1,176,593
(589,481)
587,112
11,665,096
(6,644,987)
5,020,109
5,020,109
5,020,109

The financial statements on pages 13 to 25 were approved and authorised for issue by the Board on …...................... and were signed on its behalf by:

Board Member: E Stanley

…………………………………………..

Board Member: D Hickman

…………………………………………..

Secretary: J C D Hill

…………………………………………..

The notes on pages 17 to 25 form an integral part of these accounts.

Company registration number: 01947323

14

YMCA St Helens

Statement of Changes in Reserves For the Year Ended 31 March 2024

Balance as at 1 April 2022
Surplus/(Deficit) for the year
Balance at 31 March 2023
Surplus/(Deficit) for the year
Balance as at 31 March 2024
See note 20 for full analysis of funds		 Income and
Expenditure Reserve
£
4,460,799
274,012
4,734,811
232,136		 Restricted Reserve
£
33,804
(21,291)
12,513
1,234,181		 Designated Reserve
£
300,382
(27,597)
272,785
2,113		 Total
£
4,794,985
225,124
5,020,109
1,468,430
4,966,947 1,246,694 274,898 6,488,539

The notes on pages 17 to 25 form an integral part of these accounts.

15

YMCA St Helens

Statement of Cash Flows For the Year Ended 31 March 2024

Net cash flow from operating activities
Cash flow from investing activities
Purchase of tangible fixed assets
Interest received
Cash flow from financing activities
Interest paid
Repayment of borrowings
Net change in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Cash flow from operating activities
Surplus for the year
Adjustments for non-cash items:
Depreciation of tangible fixed assets
Amortisation of grant
Decrease/(Increase) in trade and other debtors
Increase/(Decrease) in trade and other creditors
Increase/(Decrease) in accruals and deferred income
Increase/(Decrease) in pension creditor
Adjustments for investing or financing activities:
Interest payable
Interest receivable
Net cash generated from operating activities
Analysis of changes in net debt
Cash
Bank loans due within one year
Bank loans due greater than one year
Total		 At 01-Apr-23
£
934,567
(150,000)
(599,999)
184,568		 Year Ended
31-Mar-24
£
1,775,505
(1,423,551)
28,774
(1,394,777)
(45,199)
(150,000)
(195,199)
185,529
934,567
1,120,097
Year Ended
31-Mar-24
£
1,468,429
252,366
(108,716)
(38,944)
271,026
21,798
(107,040)
45,189
(28,602)
1,775,505
Cash flows
£
185,530
-
149,999
335,529		 Year Ended
31-Mar-23
£
99,960
(188,047)
7,062
(180,985)
(30,419)
(150,000)
(180,419)
(261,444)
1,196,011
934,567
Year Ended
31-Mar-23
£
225,124
243,635
(109,906)
(41,563)
(112,416)
(83,168)
(46,001)
31,317
(7,062)
99,960
At 31-Mar-24
£
1,120,097
(150,000)
(450,000)
520,097

The notes on pages 17 to 25 form an integral part of these accounts.

16

YMCA St Helens

Notes to the Financial Statements For the Year Ended 31 March 2024

Legal Status

YMCA St Helens is a private company, limited by guarantee, is incorporated in England and Wales under the Companies Act 2006 and is registered with the Regulator of Social Housing (LH3685) as a Private Registered Provider of Social Housing. The Association is a registered charity (registered number 517144). The registered office is 2 North Road, St Helens, Merseyside, WA10 2TJ.

1. Principal Accounting Policies

Basis of Accounting

The financial statements have been prepared in accordance with applicable United Kingdom Generally Accepted Accounting Practice (UK GAAP) and the Statement of Recommended Practice for registered housing providers; Housing SORP 2018.

The financial statements comply with the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of Social Housing 2022. The accounts are prepared on the historical cost basis of accounting and are presented in sterling £ which is the functional currency of the entity.

The financial statements have been prepared in compliance with FRS102.

The Association meets the definition of a public benefit entity (PBE).

Going Concern

The Association’s financial statements have been prepared on a going concern basis which assumes an ability to continue operating for the foreseeable future. The trustees have reassessed the business plan for 2024/25, prepared cashflow forecasts and stress tested those budgets. No significant concerns have been noted and therefore the trustees consider it appropriate to continue to prepare the financial statements on a going concern basis.

Critical Accounting Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that the actual outcomes could differ from those estimates. The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements.

a. Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as expected future financial performance, economic viability and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

b. Pension and other post-employment benefits

YMCA St Helens 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 YMCA plan's actuary has advised that it is not possible to separately identify the assets and liabilities relating to YMCA St Helens.

As described in note 9 YMCA St Helens has a contractual obligation to make pension deficit payments of £23,627 pa over the period to April 2029, accordingly this is shown as a liability in notes 13 and 13a in these accounts. In addition, YMCA St Helens is required to contribute £7,530 pa to the operating expenses of the Pension Plan and these costs are charged to the Statement of Comprehensive Income as made.

c. Impairment of financial assets

Financial assets are assessed at each reporting date to determine whether there is any objective evidence that financial assets or group of financial assets is impaired. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately.

d. Impairment of non-financial assets

Reviews for impairment of housing properties are carried out when a trigger has occurred and any impairment loss in a cash generating unit is recognised by a charge to the Statement of Comprehensive Income. Impairment is recognised where the carrying value of a cash generating unit exceeds the higher of its net realisable value or its value in use. A cash generating unit is defined as the smallest group of assets that independently generates cash flow and whose cash flow is largely independent of the cash flows generated by other assets. The Association has identified a cash generating unit for impairment purposes at a property level. The Association has assessed that no triggers for an impairment review has occurred.

17

YMCA St Helens

Notes to the Financial Statements For the Year Ended 31 March 2024

1. Principal Accounting Policies (continued)

Turnover and revenue recognition

Turnover represents rental income receivable, amortised capital grant, income from sports and other activities, income from nursery fees, revenue grants from local authorities and Homes England and other income. Income is recognised in relation to the period when the good or services have been supplied.

Rental income is recognised when the property is available for let, net of voids. Supporting People (SP) income is recognised under the contractual arrangements.

Supporting People income and costs

SP contract income received from Administering Authorities is accounted for as SP income in Turnover as per note 2. The related support costs are matched against this income in the same note. Support charges are included in the rent in the turnover from social housing lettings in note 3 and matched against the relevant costs.

Service charges

Service charge income and costs are recognised on an accruals basis.

Loan interest costs

Loan interest costs are recognised on an accruals basis.

Value Added Tax

The Association charges VAT on some of its income and is able to recover part of the VAT it incurs on expenditure. All amounts disclosed in the accounts are inclusive of VAT to the extent that it is suffered by the Association and not recoverable.

Tangible fixed assets and depreciation

Freehold land is not depreciated.

Housing Properties

Tangible fixed assets are stated at cost less accumulated depreciation.

Where housing properties comprise two or more major components with substantially different useful economic lives (UELs), each component is accounted for separately and depreciated over its individual UEL. Expenditure relating to subsequent replacement or renewal of components is capitalised as incurred.

UELs for identified components are as follows:

Years
Main fabric 100
Roof structure 70
Internal walls and fittings 25
Communal boilers 20
Windows and external doors 30
Gas boilers/fires 15
Kitchens 20
Bathrooms/WCs 30
Mechanical systems (heating, plumbing, etc) 30
Electrics 40
Lift 20
Flooring 10
Refurbishment 40

Depreciation is charged on other tangible fixed assets on a straight line basis over the expected economic useful lives which are as follows:

Years
Buildings 100
Buildings and refurbishment 50
Property improvements 15
Computer equipment and software 3
Scheme and other equipment 5
Office furniture and fittings 10

Short-term 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 the Statement of Comprehensive Income in other operating expenses.

18

YMCA St Helens

Notes to the Financial Statements For the Year Ended 31 March 2024

1. Principal Accounting Policies (continued)

Operating Leases

Lease payments are recognised as an expense over the lease term on a straight line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight line

Non -government grants

Grants received from non-government sources are recognised when received.

Social Housing and other government grants

Where developments have been financed wholly or partly by social housing and other grants, the amount of the grant received has been included as deferred income and recognised in turnover over the estimated useful life of the associated asset structure (not land), under the accruals model. SHG received for items of cost written off in the Statement of Comprehensive Income is included as part of turnover.

Retirement Benefits

The cost of providing retirement pensions and related benefits is charged to management expenses over the periods benefiting from the employees' services.

Financial Instruments

Financial assets and financial liabilities are measured at transition price initially, plus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability.

Debt instruments that meet the conditions in paragraph 11.8(b) of FRS 102 are measured at amortised cost using the effective interest method, except where the arrangement constitutes a financing transaction. In this case the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt.

Impairment of Financial Assets

Financial instruments are assessed for impairment individually. For an instrument measured at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that the entity would receive for the asset if it were to be sold at the reporting date.

2. Turnover, cost of sales, operating expenditure and operating surplus

Social housing lettings (note 3a )
Other social housing activities (note 3a)
Supporting people
Activities other than social housing (note 3b)
Lettings
Nursery
YIF Capital Grant Income
Other
Total
Social housing lettings (note 3a)
Other social housing activities (note 3a)
Supporting people
Activities other than social housing (note 3b)
Lettings
Nursery
Other
Total		 2024
Operating
Operating
Turn-
expendi-
surplus/
over
ture
(deficit)
£
£
£
2,073,819
1,871,668
202,151
237,216
237,216
-
192,057
129,162
62,894
414,525
459,131
(44,606)
1,182,073
-
1,182,073
676,258
669,935
6,323
4,775,947
3,367,110
1,408,835
2023
Operating
Operating
Turn-
expendi-
surplus
over
ture
£
£
£
1,843,193
1,531,119
312,074
240,192
240,192
-
181,399
121,585
59,814
302,764
396,611
(93,847)
398,432
427,096
(28,664)
2,965,980
2,716,604
249,378

19

YMCA St Helens

Notes to the Financial Statements For the Year Ended 31 March 2024

3(a). Turnover and operating expenditure

3(a). Turnover and operating expenditure
General
Supported
Housing
Housing
£
£
Income
Rent receivable net of identifiable service charges
217,505
1,535,837
Service charges
-
152,790
Amortised government grants
6,681
70,035
Other grants
-
237,216
Other income from Social Housing
5
90,965
Total turnover from Social Housing Lettings
224,191
2,086,844
Operating expenditure
Management
49,664
929,574
Service charge costs
-
234,997
Routine maintenance
37,065
161,784
Bad debts
(34)
25,892
Depreciation of Housing Properties
29,051
109,852
Other Costs
1,244
529,794
Total Operating expenditure on Social Housing Lettings
116,991
1,991,892
Operating Surplus on Social Housing Lettings
107,200
94,951
Void losses (being rental income lost as a result
of property not being let, although available for letting)
54,862
16,969
3(b). Turnover from activities other than social housing
Commercial lettings
Nursery fees
YIF capital grant income
Sports and activities
Beacon other income
Youth work
Other
4.
Accommodation owned, managed and in development
Owned at end of year:
General needs housing
Supported housing
5.
Interest payable and financing costs
On loans repayable wholly or partly repayable in more than five years
6.
Surplus on ordinary activities
The operating surplus is stated after charging/(crediting):-
Auditor's remuneration in their capacity as auditors (excluding VAT)
Operating lease charges: Office equipment and motor vehicles
Depreciation of housing properties
Depreciation of other fixed assets
Amortisation of government grants		 General
Supported
Housing
Housing
£
£
217,505
1,535,837
-
152,790
6,681
70,035
-
237,216
5
90,965		 Total
2024
£
1,753,342
152,790
76,716
237,216
90,970
2,311,035
979,238
234,997
198,849
25,858
138,903
531,038
2,108,884
202,151
71,831
2024
£
192,057
414,525
1,182,073
6,096
215,089
365,796
89,278
2,464,913
2024
44
103
147
2024
£
45,189
45,189
2024
£
9,380
13,482
138,903
113,463
(108,716)		 Total
2023
£
1,540,914
159,624
76,716
240,192
65,939
224,191
2,086,844		 2,083,385
49,664
929,574
-
234,997
37,065
161,784
(34)
25,892
29,051
109,852
1,244
529,794		 868,216
135,234
206,496
19,029
133,591
408,745
116,991
1,991,892		 1,771,311
107,200
94,951		 312,074
54,862
16,969		 87,203
2023
£
181,401
302,764
-
14,315
168,966
127,495
87,656
882,597
2023
44
103
147
2023
£
31,318
31,318
2023
£
7,950
12,980
133,591
110,044
(109,906)

20

YMCA St Helens

Notes to the Financial Statements For the Year Ended 31 March 2024

7.
Key management personnel remuneration
The aggregate emoluments paid to the management team
Emoluments
Employers NI contributions
Pension contributions
Non-executive directors received no remuneration in the year (2023- nil)
The emoluments paid to the highest paid director, excluding pension contributions, were:
Key management personnel are defined as the non-executive directors and the management team.
The number of key management personnel to whom retirement benefits are accruing under money
purchase schemes		 2024
£
208,161
22,532
15,552
246,244
76,856
No.
3		 2023
£
188,402
21,684
15,436
225,522
70,785
No.
4

The Chief Executive is an ordinary member of the pension scheme. The pension scheme is a money purchase scheme funded by contributions by the employer and employee. No enhanced or special terms apply. There are no additional pension arrangements. A contribution of £7,161 (2023 £7,078) was made by the association in addition to the personal contributions of the chief executive.

8. Employee information

Employee information
Staff costs
Wages and salaries
Social security costs
Other pension costs
Aggregate number of full time equivalent staff whose remuneration fell within bands of:
£60,000 to £70,000 in the period:
£70,000 to £80,000 in the period:
£80,000 to £90,000 in the period:
The average weekly number of persons employed during the year expressed in full time equivalents
(35 hours per week) was:		 2024
No.
77
£
1,798,485
128,419
43,481
1,970,386
No.
-
1
-		 2023
No.
67
£
1,520,116
111,695
38,300
1,670,111
No.
-
1
-

9. Pension obligations

YMCA St Helens 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 St Helens 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 4.56%, the increase in pensions in payment of 3.18% (for RPI capped at 5% pa), 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, 25.7 years, retiring in 20 years time.

The result of the valuation showed that the actuarial value of the assets was £103.1m. This represented 92% of the benefits that had accrued to members.

The Pension Plan was closed to new members and future service accrual 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.

21

YMCA St Helens

Notes to the Financial Statements For the Year Ended 31 March 2024

9. Pension obligations (continued)

The valuation prepared as at 31 May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 million. YMCA St Helens has been advised that it will need to make monthly contributions of £1,969 from 1 May 2024. 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. The current recovery period is 3 years commencing on 1 May 2023.

As at 31 March 2024
As at 31 March 2023		 Repayable Repayable
Within
One to
Two to
After five
After more
oneyear
twoyears
fiveyears
years
oneyear		 TOTAL
2024

In addition, YMCA St Helens may have over time liabilities in the event of the non-payment by other participating YMCAs of their share of the YMCA Pension Plan’s deficit. It is not possible currently to quantify the potential amount that YMCA St Helens may be called upon to pay in the future.

The Association also operates a stakeholder pension scheme which is a defined contribution scheme. The costs for the year for this scheme were £43,481 (2023 £38,300).

At 31 March 2024 there were outstanding contributions of £7,411 (2023 £6,788) which were paid in April 2024.

10. Tangible fixed assets

Housing Properties
Social Housing
Total
Properties for
Housing
Letting
Properties
£
£
Cost
At the start of the year
7,837,365
7,837,365
Additions
162,431
162,431
At the end of the year
7,999,795
7,999,795
Depreciation and impairment
At the start of the year
2,551,305
2,551,305
Charge for the year
138,903
138,903
At the end of the year
2,690,208
2,690,208
Net Book Value
At the end of the year
5,309,588
5,309,588
At the start of the year
5,286,060
5,286,060
Housing Properties comprises:
Freehold land and buildings		 Fixtures and
Other Freehold
Equipment
Land and Buildings
£
£
514,546
6,484,752
64,218
1,196,902
578,764
7,681,654
392,960
814,415
45,135
68,328
438,095
882,743
140,669
6,798,911
121,586
5,670,337
2024
£
5,309,588
Other Fixed Assets		 Total
Fixed Assets
£
14,836,663
1,423,551
16,260,214
3,758,680
252,366
4,011,046
12,249,168
11,077,983
2023
£
5,286,060

The carrying value included within other land and buildings that is secured on the bank loan is £5,616,868 (2023: £5,670,337).

22

YMCA St Helens

Notes to the Financial Statements For the Year Ended 31 March 2024

11. Trade and other debtors: amounts falling due within one year

Rent arrears
Less: provision for bad debts
Other debtors
Prepayments and accrued income
12.
Cash and cash equivalents
Cash at bank and in hand
13.
Creditors: amounts falling due within one year
Trade creditors
Rent in advance
Rents and service charges paid in advance
Taxation and social security
Accruals and deferred income
Deferred Capital Grants (Note 14)
Pension liability (Note 9)
Other creditors
Bank Loans (Note 13b)
13a. Creditors: amounts falling due in more than one year
Rent in advance
Provision for dilapidation costs
Sinking fund
Deferred Capital Grant (Note 14)
Pension liability (Note 9)
Bank Loans (Note 13b)		 2024
£
154,819
(32,607)
122,212
83,630
74,956
280,799
2024
£
1,120,097
1,120,097
2024
£
162,177
47,167
-
172,794
138,357
108,716
24,286
92,025
150,000
895,524
2024
£
330,167
-
242,853
5,203,464
39,519
450,000
6,266,001		 2023
£
153,862
(17,874)
135,987
62,129
43,908
242,025
2023
£
934,567
934,567
2023
£
84,826
47,167
9,267
27,681
116,570
108,716
30,860
14,394
150,000
589,481
2023
£
377,334
-
215,489
5,312,180
139,985
599,999
6,644,987

13a. Creditors: amounts falling due in more than one year

The bank loan of £599,999 (2023: £749,999) included within creditors due within one year and creditors due in greater than one year, is secured by a first charge on the properties and is repayable by equal instalments of £150,000 per annum, paid quarterly for the next 4 years.

The sinking fund represents monies received from tenants occupying The Beacon building towards the costs of future major repairs. These monies will be held in a designated bank account until expenditure is incurred and as such will be treated as a liability due after more than one year.

13b. Debt analysis

Loans repayable by instalments:
Within one year
In one year or more but less than two years
In two years or more but less than five years
In five years or more
Deferred capital grants
At the start of the year
Released to income in the year
At the end of the year
Amount to be released in less than one year
Amount to be released in more than one year		 2024
£
150,000
150,000
299,999
-
599,999
2024
£
5,420,896
(108,716)
5,312,180
108,716
5,203,464
5,312,180		 2023
£
150,000
150,000
450,000
-
750,000
2023
£
5,530,802
(109,906)
5,420,896
109,906
5,310,990
5,420,896

14. Deferred capital grants

23

YMCA St Helens

Notes to the Financial Statements For the Year Ended 31 March 2024

15. Share Capital

The Association, which does not have a share capital, is Limited by Guarantee, whereby members contribute up to a maximum of £1 each should there be a deficiency on winding up.

16. Operating leases

The Association holds office equipment under non-cancellable operating leases. At the end of the year the Association had commitments of total future minimum lease payments as follows:

Not later than one year
Later than one year and not later than five years
17. Grant and financial assistance
The total accumulated government grant and financial assistance received
at 31 March:
Held as deferred grant - housing
Held as deferred grant - other
Recognised as income in the Statement of Comprehensive Income - housing
Recognised as income in the Statement of Comprehensive Income - other
18. Capital Commitments
Capital expenditure that has been contracted for but has not been provided for in the
financial statements
Capital expenditure that has been approved by the Board but has not yet been contracted
for		 2024
£
17,625
13,369
30,994
2024
£
2,624,179
2,688,000
1,841,180
750,032
7,903,391
2024
£
-
-
82,679		 2023
£
10,091
9,575
19,666
2023
£
2,700,895
2,720,000
1,764,464
718,032
7,903,391
2023
£
-
-
-

19. Related Party Transactions

During the current and previous year, there were no related party transactions

No remuneration was paid to any trustee for services as a trustee

24

YMCA St Helens

Notes to the Financial Statements For the Year Ended 31 March 2024

20 Movement on Reserves

General Reserves

At 1 April 2022
Surplus/(Deficit) for the year
At 31 March 2023
Surplus/(Deficit) for the year
At 31 March 2024
Restricted Reserves
At 1 April 2022
Surplus/(Deficit) for the year
At 31 March 2023
Surplus/(Deficit) for the year
At 31 March 2024		 National Lottery
Community Fund
£
-
12,513		 Listening
Service
£
33,804
(33,804)		 General
£
4,460,799
274,012		 Total
£
4,460,799
274,012
4,734,811
232,136		 4,734,811
232,136
4,966,947 4,966,947
YIF Capital
Grant
£
-
-		 Total
£
33,804
(21,291)
12,513
6,125		 -
45,983		 -
1,182,073		 12,513
1,234,181
18,638 45,983 1,182,073 1,246,694

Restricted Funds

YMCA St Helens commenced a new Listening Service for younger people in the locality. This reserve represents funding received but not spent at 31 March 2024.

National Lottery Community Fund reserve is a restricted fund in relation to the RC North West Region programme. The purpose of these funds is to assist the charity to continue to deliver their Listening Service to a total of 494 young people in St Helens aged 12-18

YIF Capital Grant reserve is a restricted fund relating to the conversion of an sports hall situated in the North Road building into a youth hub and facility.

Designated Reserves
At 1 April 2022
Surplus/(Deficit) for the year
At 31 March 2023
Surplus/(Deficit) for the year
At 31 March 2024		 Warrington
YMCA
£
114,950
(47,109)		 Future Major
Repairs Reserve
£
185,432
19,512		 Total
£
300,382
(27,597)
67,841
(18,113)		 204,944
20,226		 272,785
2,113
49,728 225,170 274,898

Designated Funds

Following the closure of Warrington YMCA, the surplus funds were donated to YMCA St Helens. The Trustees have set aside these funds to provide services in the Borough of Warrington.

The trustees have also set aside funds to provide for future major repairs of the Beacon property.

25