2025-03-31-accounts

Financial Statements for the Financial Statements for the year year ended 31 ended 31° st March 2025 March 2025

Regulator of Social Housing Registered N Regulator of Social Housing Registered Number: umber: LH3686 LH3686

Registered Registered Company Company Number Number: : 1947323 1947323

Registered Registered Charity Number: Charity Number: 517144 517144

ST HELENS ST HELENS

YMCA St Helens

Everyone should have a fair chance to Everyone should have a fair chance to discover who they are and what they discover who they are and what they can become. can become.

About YMCA About YMCA

YMCA believes in fairness and opportunity. There are essential building blocks for a YMCA believes in fairness and opportunity. There are essential building blocks for a full and rewarding life: a safe home; acceptance; guidance; friendship; physical and full and rewarding life: a safe home; acceptance; guidance; friendship; physical and

mental health; academic support; employment skills; and access to real mental health; academic support; employment skills; and access to real opportunities. Many young people have never known these things; other people opportunities. Many young people have never known these things; other people

have lost one or more as they grew up, but we all need them. All of us. At YMCA, we have lost one or more as they grew up, but we all need them. All of us. At YMCA, we provide these critical foundations for a fresh, strong start for young people and a provide these critical foundations for a fresh, strong start for young people and a better quality of life in the community better quality of life in the community. .

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YMCA St Helens

YMCA St Helens YMCA St Helens

Officers and Advisers Officers and Advisers Honorary President: Honorary President:

Louis F Rigby Louis F Rigby

Management Team: Management Team: Chief Executive Chief Executive Karen Nolan Karen Nolan Director of Operations Director of Operations Sarah M Challands Sarah M Challands Director of Development Director of Development Matthew Moreton Matthew Moreton Nursery Manager Nursery Manager Ashley Cook Ashley Cook

Directors: Directors: David L Hickman David L Hickman Claire Morley Claire Morley Elaine Stanley Elaine Stanley Richard I Tully Richard I Tully Sheila Whitton Sheila Whitton

Samuel Crossley Samuel Crossley Frank Grayson Frank Grayson

John Frodsham John Frodsham

Secretary: Secretary: 2025 2025

Sarah Sarah M M Challands Challands

st - - Appointed 1 Appointed 1% March March st - - Appointed 1 Appointed 1% March March st - - Appointed 1 Appointed 1% March March

Registered office and Principle Registered office and Principle place of Business: place of Business: 2 North Road 2 North Road St Helens St Helens Merseyside Merseyside WA10 2TJ WA10 2TJ Registrations: Registrations: Company Number: Company Number: 1947323 1947323 Charity Number: Charity Number: 517144 517144 Regulator of Social Housing: Regulator of Social Housing: LH3685 LH3685 External Auditors: External Auditors: Xeinadin Audit Limited Xeinadin Audit Limited 2 Hilliards Court 2 Hilliards Court Chester Business Park Chester Business Park Chester Chester Cheshire Cheshire CH4 9QP CH4 9QP Bankers: Bankers: National Westminster Bank plc National Westminster Bank plc 5 Ormskirk Street 5 Ormskirk Street St Helens St Helens Merseyside Merseyside WA10 1DR WA10 1DR

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YMCA St Helens

Contents Contents

1. 1.	1. Strategic report for the year ended 31st March 2025 ................................ ....................... 4 Strategic report fortheyear ended 31St March 2025 w.ceseseseseeecsessesesteseesesesteneeneeee4
	1.1. Introduction ................................ .............................. .............................. ...................... 4 LiL. TIMTOCUCTIONoo.eeceseeseseeseseeseeseseescsesscsesuenesucneseencsucatsneseeueaeseneseeessteesaeeateecieeeneeteneatenees4
	1.2. Housing ................................ .............................. .............................. .............................. 4 1.2. HOUSING...eeeeseceseeseseesesesscescseescsesucsesucscseencsusncseassucsesucsesuceeseseeseeesseeatensaesesaesceeseeeceeeecateneae4
	1.3. Early years ................................ .............................. .............................. ......................... 5 1.3. EQrlyYOOMS woo.eeeessesessesessesecseseesesecscsesncseencsesucsesueeucaesucsesucuesesueseeesseeueaeeaseusassueneeeeeseneneates D
	1.4. Youthwork ................................ .............................. .............................. .......................... 6 L.A. YOUTAWOTKKoeeeceseeseseeseseeseeseseescsesncsesucnesuenesucsesscsusucsesecsesuesesueaesusaesusaneassesucsesecaeeusseeneaeesO
	1.5. Risk and compliance ................................ .............................. .............................. ....... 9 1.5. RISKGN COMPLIGNCE ou.ecccteseseeseseseeseseseseesesesesestenesesecesueceseenesesecestenesesestesseseeteneseee OD
	1.6. Value for money metrics ................................ .............................. .............................. 9 1.6. Valle for MONEY MECHICS...... eceeecsesessesseesessessecscceseenecsescseenecnesueseesueseeneeneseesteateneeesteneene D
2. 2.	2. Director’s Report for the year ended 31 st March 2025 ................................ .................... 10 Director’s Report for theyear ended 315t March 2025wcrcLO
	2.1. Financial Statements ................................ .............................. .............................. .... 10 2.1. FINANCIAL STATEMENTS... eeeeeeseeeseeseseeseesessescsesscsecscsescscseeneseeasensaesusasseeestencateesatentereesLO
	2.2. Activities ................................ .............................. .............................. ........................... 10 2.2. ACTIVITIOS oseeececeeesesseseeseseeseesesesucnesucscsuenssusucscueeucassuesesucsesucasseesaeenssueatsusaseuseeatessateecateesLO
	2.3. Status ................................ .............................. .............................. .............................. 10 2.3. SEOKUS ieeeseessesesesnesssesnesesesessuesenesesuesessensnssssesusasssaesneucesseaesusaseusucasasetsusesisateteeseeseesLO
	2.4. Statement of Comprehensive Income ................................ .............................. .... 10 2.4. Statement ofCOMpPreheENnsive INCOME........c.ccscssessesseseseeseseeseetssestesestesesseseseeteseeteeseesLO
	2.5. Reserves Policy ................................ .............................. .............................. ............... 11 2.5. —RESELVES POLICY «0...eseeseseeesseseseeseseeseencsesscsesucsesucseseeseseencsucaesueaesucaeseeestensstessateateeeseeteeeeeeneLL
	2.6. Code of Governance ................................ .............................. .............................. ...... 11 2.6. COE Of GOVENANCE...eseesessessesesseseesesseeseesecscsucsecnecuesueseesesuessesneseeaeenesnesteateneenesteneateneeLL
	2.7. Fixed Assets ................................ .............................. .............................. ..................... 11 2.7. FIXED ASSCUtS... eeeeeeseseesesseseseeseseeseescseeucsesucsesscnesueseseeueescsesuesesueaesceesesesseeassteateesaeseeseeeeeateneLL
	2.8. Recruitment and appointment of new trustees ................................ ................... 11 2.8. Recruitment and appointment OfNeW trUStEES......... eects LL
	2.9. Induction and training of new trustees ................................ .............................. .. 12 2.9. Induction and training OfNEWtrUSTEES........ csceseceeesesteseeseectesessestesteneesestesteneeeeten LD
	2.10. Executive officers ................................ .............................. .............................. ........... 12 2.10. EX@CULIVE OFFICEIS 0.eeceeesessesteseeseeseesessecnccesecnesuessenecnecnesnecucseseenesuesteaeenesesteeeateneeterLD
	2.11. Directors and their interests ................................ .............................. ....................... 12 2.11. Directors ANd their INtereSts....... eeeecsesessesesecteseceeseseeseseeseseeseseenesseaeeeseseseeteeeeeeeeLD
	2.12. Statement of Directors’ Responsibilities ................................ .............................. . 12 2.12. Statement of Directors’RESPONSIDILITICS 0.0... ee ceesseseseeseesesteseetsseetssestsseseeeseeteee LD
	2.13. Public Benefit ................................ .............................. .............................. .................. 13 2.13. PUDLIC BENE Fit eeeceeseeseeseenessecseesesecsecsecueseenecuesuesecucseesessesueatenesueseeateneentesesesteateeeneeLD
	2.14. Board Statement on Internal Financial Controls ................................ ................. 15 2.14. Board Statement on Internal Financial CONtrOLS «00...eeeseeteeeeeeeeeeteeeeteeeteneLD
	2.15. Political and Charitable Contributions ................................ .............................. ..... 16 2.15. Political and Charitable CONtIDUTIONS ..0.. eeeeseseeteseseeeseeteeeetesesteseeteeeateneeteeeLO
	2.16. Auditors ................................ .............................. .............................. ............................ 16 2.16. AUCILOIS ooo.eeeceecesssesseseseesesnesesscsesuesesucscsucusseneseeneencsesuesesucassucseseensaeenesusatsusaesuseeseesceteeeatensLO
3. 3.	3. Independent Auditor’s Report to the members of YMCA St Helens - For the Year Independent Auditor’s Reportto the members of YMCA St Helens - FortheYear
Ended 31st March 2025 ................................ .............................. .............................. ................... 17 ENded 31St MOrch 2025...sessssssssseeseseeseseescescseescsesucseseeneseesesesecsesaesucsesecsesusnesesseseesesessteecsesesseeeseeseneLZ
	3.1. Opinion ................................ .............................. .............................. .............................. 17 BD, OPINIONLecceccestesesesnesesesesesesesesnesesesesenesesuesesesecesneseseseseneseseseeseseseseesesesesteneseseeteteneLZ
	3.2. Basis for opinion ................................ .............................. .............................. ............. 17 3.2. —BOSIS FOF OPINION.......e.ceseecesessesessesessessesessesesuesesuesesuesesssesessessesesussesussestssestssesessessssessseeseseLZ
	3.3. Conclusions relating to going concern ................................ .............................. .... 17 3.3. CONCLUSIONS relAtiING LO GOING CONCEIN.......ceeeseeeceeseceesestesteseseesesesecseseseseeseeteneeeeeLZ
	3.4. Other information ................................ .............................. .............................. .......... 18 3.4. OberINFOMATION...eseeseeessesseseeseesseseeseenecueseenecnesueseeneeseeseesesueseenesnestesteatenesteeneeteaeeneeLO
	3.5. Opinions on other matters prescribed by the Companies Act 2006 ................ 18 3.5. Opinions on other matters prescribed by the Companies Act 2006................18
	3.6. Matters on which we are required to report by exception ................................ 18 3.6. Matters on whichwe are required to report by exCeptiOn.......... eee £8
	3.7. Responsibilities of directors ................................ .............................. ........................ 19 3.7. ReSPONSIDILItieS OF GIFECCOMS ......eeeecesessesessesesseseesesseseseseseseseesestssestsstssessssesestsseseeseeseneLO
	3.8. Auditor’s responsibilities for the audit of the financial statements ................. 19 3.8. Auditor’s responsibilities for the audit ofthe financial statements.................19
	3.9. Extent to which the audit was considered capable of detecting irregularities, 3.9. Extent to which the auditwas considered capable of detecting irregularities,
	including fraud ................................ .............................. .............................. ............................. 19 INCLUCING FLOU Lu...eeeesessessesseseseeseesesecsesuesucsecuesuesucsesnecnecnecuesucsecuecuesueseenecuesesueateaeeasenesteneeneeeateneLO)
	3.10. Use of our report ................................ .............................. .............................. ............ 21 3.10. Ue OfOUP FEPOMta...cccesssssseseesesessesesesesesesseseesesessesessesnssesteseenssesesssstesssestssessetesesseeeDL
4. 4,	4. Statement of Comprehensive Income ................................ .............................. ................ 22 Statement OfCOMPrehENnsive INCOME....c.essssessesessesessesesesseesecsssesessesesesesesestssesseetsseseessseenes22
5. 5.	5. Statement of Financial Position ................................ .............................. ............................ 23 Statement of FINANCIAL POSITION...eeessesseseeseesecseesecsecuestenecuecueseenecnecuesueenesteateneeneeteaeeneeneete23
6. 6.	6. Statement of Changes in Reserves ................................ .............................. ...................... 24 Statement OfCHANGES IN RESELVES....eeseeessesseseeseeseesesesnecseseesecnesucseenecnecucseeneeateneeneeeeseeneeneenes24
7. 7.	7. Statement of Cash Flows ................................ .............................. .............................. ....... 25 Statement OfCASH FLOWS u....eescesssseeseesessesessecseseesessesuesesseesecueseeseesssesnesuessaeenesueeesateaeeneeneenenee2D
8. 8.	8. Notes to the Financial Statements ................................ .............................. ...................... 26 Notes to the FINANCial StATEMENLSoeeseeesesseseeseseeseesesesseseencsesueaesuesesesneseesteneseensaeeeeneetenee20

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1. 1. Strategic report for the year ended 31st March 2025 Strategic report for the year ended 31st March 2025

1.1. 1.1. Introduction Introductio n

1.2. 1.2. Housing Housing Housing

1.2. 1.2. Housing Housing Housing

1.3. 1.3. Early Early years years

1.4. 1.4. Youthwork Youthwork

1.5. 1.5.Risk Risk and compliance and compliance

1.6. 1.6. Value Value for money metrics for money metrics

2. 2. Director’s Report for the year ended 31 Director’s Report for the year ended 315* st March March 2025 2025

2.1. 2.1. Financial Financial Statements Statements

2.2. 2.2. Activities Activities

2.2. Activities

2.3. 2.3. Status Status Status

2.3. 2.3. Status Status Status

2.4. 2.4. Statement Statement of Comprehensive Income of Comprehensive Income

2.5. 2.5.Reserves Reserves Policy Policy

2.6. 2.6. Code Code of Governance of Governance

2.7. 2.7. Fixed Fixed Assets Assets

2.8. 2.8.Recruitment Recruitment and appointment of new trustees and appointment of new trustees

2.9. 2.9. Induction and training of new trustees Induction and training of new trustees

YMCA St Helens

• accommodation with study rooms; supported self accommodation with study rooms; supported self-catering catering accommodation with shared accommodation with shared flat lets; and general needs single occupancy independent units. flat lets; and general needs single occupancy independent units.

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

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

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

Residents in our supported accommodation have access to a service known as Foyer: this is 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 a training and development project providing education, skills development, and activities that build self that build self-esteem -esteem and confidence. YMCA St Helens works closely with a range of and confidence. YMCA St Helens works closely with a range of partner agencies to advance the health, education and citizenship of residents and the partner agencies to advance the health, education and citizenship of residents and the Association is actively involved with wider efforts for community development. 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 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 education has been assessed as being good by Ofsted. YMCA St Helens advances amateur sport sport – — particularly badminton and squash particularly badminton and squash– in our community centre in St Helens. The clear in our community centre in St Helens. The clear benefits derived from the services delivered by the Association are related to the objects benefits derived from the services delivered by the Association are related to the objects expressed in our Memorandum of Association. expressed in our Memorandum of Association.

– Principle 2 ~~Principle 2 -~~ Benefit must be to the public or a section of the public ~~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, 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. 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 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 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 recognises equality of opportunity as a core value: we strive to ensure that no-one -one is is

unreasonably refused any service that we provide. unreasonably refused any service that we provide.

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

The fees charged for services by the Association tend to reflect the cost of delivery, and 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 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 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 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 statutory staffing ratios require a high level of staffing throughout the day.

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• i.

• b. b. The maintenance of proper accounting records, and The maintenance of proper accounting records,

• c. c. The safeguarding of assets against unauthorised use or disposition. The safeguarding of assets against unauthorised use or

• ii.

• a. a. F Formal ormal policies and procedures are in place, including the documentation of policies and procedures are in place, including the

• b. b. E Experienced xperienced and suitably qualified staff take responsibility for important and suitably qualified staff take responsibility for

• c. c. F Forecasts orecasts and budgets are prepared which allow the Board and and budgets are prepared which allow the

• h. h. Formal procedures have been established for instituting appropriate action Formal procedures have been established for instituting appropriate

iii.

3. 3. Independent Auditor’s Report to the members of YMCA Independent Auditor’s Report to the members of YMCA

3.1. 3.1. Opinion Opinion Opinion

3.1. 3.1. Opinion Opinion Opinion

3.2. 3.2. Basis Basis for opinion for opinion

3.3. 3.3. Conclusions Conclusions relating to going concern relating to going concern

3.4. 3.4. Other Other information information

3.5. 3.5. Opinions on other matters prescribed by the Companies Act 2006 Opinions on other matters prescribed by the Companies Act 2006

3.6. 3.6. Matters Matters on which we are required to report by exception on which we are required to report by exception

3.7. 3.7.Responsibilities Responsibilities of directors of directors

3.8. 3.8. Auditor’s responsibilities for the audit of the financial statements Auditor’s responsibilities for the audit of the financial statements

3.9. 3.9. Extent Extent to which the audit was considered capable of detecting to which the audit was considered capable of detecting

4. 4. Statement of Comprehensive Income Statement of Comprehensivee Income

5. 5. Statement of Financial Position Statement of Financiale e Positione e

6. 6. Statement of Changes in Reserves Statement of Changes ein Reserves

7. 7. Statement of Cash Flows Statement of Cash Flows

8. 8. Notes to the Financial Statements Notes to the Financial Statements

8.1. 8.1. Legal Legal Status Status

YMCA St Helens

b. Pension and other post b. Pension and other post-employment employment benefits benefits

• YMCA St Helens participated in a multi YMCA St Helens participated in a multi-employer employer defined benefit pension plan for employees of defined benefit pension plan for employees of YMCAs in England, Scotland and Wales, which was closed to new members and accruals on 30 April 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 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. 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 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 2027, accordingly this is shown as a liability in notes 13 and of £23,627 pa over the period to April 2027, accordingly this is shown as a liability in notes 13 and 13a in these accounts. In 13a in these accounts. In addition, YMCA addition, YMCA St Helens is required to contribute £7,393 pa to the St Helens is required to contribute £7,393 pa to the operating expenses of the Pension Plan and these costs are charged to the Statement of operating expenses of[the][Pension][Plan][and][these][costs][are][charged][to][the][Statement][of] Comprehensive Income as made. Comprehensive Income as made.

c. Impairment of financial assets c. Impairment of financial assets

Financial assets are assessed at each reporting date to determine whether there is any objective 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 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. of impairment, an impairment loss is recognised in profit and loss immediately.

d. Impairment of non d. Impairment of non-financial -financial assets assets

Reviews for impairment of housing properties are carried out when a trigger has occurred and any Reviews for impairment of housing properties are carried out whena trigger has occurred and any

impairment loss in a cash generating unit is recognised by a charge to the Statement of 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 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 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 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 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 cash generating unit for impairment purposes at a property level. The Association has assessed that

no triggers for an impairment review has occurred. no triggers for an impairment review has occurred.

Turnover and revenue recognition Turnover and revenue recognition

Turnover represents rental income receivable, amortised capital grant, income from sports and other 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 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 other income. Income is recognised in relation to the period when the good or services have been supplied. supplied.

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

Supporting People income and costs Supporting People income and costs

SP contract income received from Administering Authorities is accounted for as SP income in 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. 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 Support charges are included in the rent in the turnover from social housing lettings in note 3 and matched against the relevant costs. matched against the relevant costs.

S Service ervice charges charges

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

Loan interest costs Loan interest costs

Loan interest costs are recognised on an accruals basis. Loan interest costs are recognised on an accruals basis.

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YMCA YMCA St Helens St Helens

Value Added Tax Value Added Tax

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

Tangible fixed assets and depreciation Tangible fixed assets and depreciation

Freehold land is not depreciated. Freehold land is not depreciated.

Housing Properties Housing Properties

Tangible fixed assets are stated at cost less accumulated depreciation. Tangible fixed assets are stated at cost less accumulated depreciation.

Where housing properties comprise two or more major components with substantially different 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 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 individual UEL. Expenditure relating to subsequent replacement or renewal of components is capitalised as incurred. capitalised as incurred.

UELs for identified components are as follows: UELs for identified components are as follows:

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

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

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

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YMCA St Helens

Operating Leases Operating Leases

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

Non Non-government -government grants grants

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

Social Housing and other government grants Social Housing and other government grants

Where developments have been financed wholly or partly by social housing and other grants, the 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 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 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 received for items of cost written off in the Statement of Comprehensive Income is included as part of turnover. of turnover.

Retirement Benefits Retirement Benefits

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

Financial Instruments Financial Instruments

Financial assets and financial liabilities are measured at transition price initially, plus, in the case of a 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 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. 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 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 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 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. payments discounted at a market rate of interest for a similar debt.

Impairment of Financial Assets Impairment of Financial Assets

Financial instruments are assessed for impairment individually. For an instrument measured at cost 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 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 best estimate of the amount that the entity would receive for the asset if it were to be sold at the reporting date. reporting date.

29 29

YMCA St Helens

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

		2025 2025
	Turn - over Turn-over	Operating expendi ture Operating expenditure	Operating surplus/ Operating surplus/
			(deficit) (deficit)
	£ £	£ £	£ £
Social housing lettings (note 3a ) Social housing lettings (note 3a )	2,365,848 2,365,848	2,036,813 2,036,813	329,035 329,035
Other social housing activities (note 3a) Other social housing activities (note 3a)
Supporting people Supporting people	263,908 263,908	263,908 263,908	- -
Activities other than social housing (note 3b) Activities other than social housing (note 3b)
Lettings Nursery Lettings Nursery	207,711 578,145 207,711 578,145	165,146 551,146 165,146 551,146	42,565 27,000 42,565 27,000
YIF Capital Grant Income Other YIF Capital Grant Income Other	78,535 974,125 78,535 974,125	- 1,010,263 - 1,010,263	78,535 (36,139) 78,535 (36,139)
Total Total	4,468,272 ~~4,468,272~~	4,027,274 ~~4,027,274~~	440,996 ~~440,996~~
		2024 2024
		Operating Operating	Operating Operating
	Turn - over Turn-over	expendi ture expenditure	surplus/ surplus/
			(deficit) (deficit)
	£ £	£ £	£ £
Social housing lettings (note 3a) Social housing lettings (note 3a)	2,073,819 2,073,819	1,871,668 1,871,668	202,151 202,151
Other social housing activities (note 3a) Other social housing activities (note 3a)
Supporting people Supporting people	237,216 237,216	237,216 237,216	- -
Activities other than social housing (note 3b) Activities other than social housing (note 3b)
Lettings Nursery Lettings Nursery	192,057 414,525 192,057 414,525	129,162 459,131 129,162 459,131	62,894 (44,606) 62,894 (44,606)
YIF Capital Grant Income Other YIF Capital Grant Income Other	1,182,073 676,258 1,182,073 676,258	- 669,935 - 669,935	1,182,073 6,323 1,182,073 6,323
Total Total	4,775,947 4,775,947	3,367,112 3,367,112	1,408,836 1,408,836

30 30

YMCA St Helens

Note 3(a) Note 3(a) Turnover and operating expenditure Turnover and operating expenditure

	General Housing General Housing	Supported Housing Supported Housing	Total 2025 Total 2025	Total 2024 Total 2024
	£ £	£ £	£ £	£ £
Income Income
Rent receivable net of identifiable service charges Rent receivable net ofidentifiable service charges	228,302 228,302	1,844,041 1,844,041	2,072,343 2,072,343	1,753,342 1,753,342
Service charges Service charges	- -	152,790 152,790	152,790 152,790	152,790 152,790
Amortised government grants Amortised government grants	6,681 6,681	70,035 70,035	76,716 76,716	6,716 6,716
Other grants Other grants	- -	263,908 263,908	263,908 263,908	237,216 237,216
Other income from Social Housing Other income from Social Housing	- -	63,999 63,999	63,999 63,999	90,970 90,970
Total turnover from Social Housing Lettings Total turnoverfrom Social Housing Lettings	234,983 234,983	2,394,773 2,394,773	2,629,756 2,629,756	2,311,035 2,311,035
Operating expenditure Operating expenditure
Management Management	56,801 56,801	1,121,481 1,121,481	1,178,282 1,178,282	979,238 979,238
Service charge costs Service charge costs	- -	234,975 234,975	234,975 234,975	234,997 234,997
Routine maintenance Routine maintenance	51,887 51,887	166,818 166,818	218,705 218,705	198,849 198,849
Bad debts Bad debts	5,483 5,483	16,327 16,327	21,810 21,810	25,858 25,858
Depreciation of Housing Properties Depreciation of Housing Properties	30,124 30,124	110,966 110,966	141,090 141,090	138,903 138,903
Other Costs Other Costs	1,014 1,014	504,844 504,844	505,859 505,859	531,038 531,038
Total Operating expenditure on Social Housing Total Operating expenditure on Social Housing
Lettings Lettings	145,309 145,309	2,155,412 2,155,412	2,300,721 2,300,721	2,108,884 2,108,884
Operating Surplus on Social Housing Lettings Operating Surplus on Social Housing Lettings	89,674 89,674	239,361 239,361	329,035 329,035	202,151 202,151
Void losses (being rental income lost as a result Void losses (being rental income lost as a result
of property not being let, although available for ofproperty not being let, although available for
letting) letting)	19,113 19,113	16,034 16,034	35,148 35,148	71,831 71,831

Note Note 3 3(b) (b) Turnover from activities other than social housing Turnover from activities other than social housing

	2025 2025	2024 2024
	£ £	£ £
Commercial lettings Commercial lettings	207,711 207,711	192,057 192,057
Nursery fees Nursery fees	578,145 578,145	414,525 414,525
YIF capital grant income YIF capital grant income	78,535 78,535	1,182,073 1,182,073
Sports and activities Sports and activities	627 627	6,096 6,096
Beacon other income Beacon other income	248,013 248,013	215,089 215,089
Youth work Youth work	659,925 659,925	365,796 365,796
Other Other	65,560 65,560	89,278 89,278
	1,838,516 1,838,516	2,464,913 2,464,913

31 31

YMCA St Helens

Note 4 Note 4 Accommodation Accommodation owned, managed and in development owned, managed and in development

----- Start of picture text -----
|||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Owned at end of year:|Owned|at end|ofyear:|2025|2025|2024|2024| |General needs housing|General|needs|housing|44|44|44|44| |Supported housing|Supported|housing|103|103|103|103| |147|147|147|147| |Note 5 Interest payable and finance costs|Note|5|Interest|payable|and|finance|costs| |Interest payable and financing costs|Interest|payable|and|financing|costs|2025|2025|2024|2024| |£|£|£|£| |On loans repayable wholly or partly repayable in more than five years|On|loans|repayable wholly|or|partly|repayable|in|more|than|five|years|34,824|34,824|4|45,189|5,189| |34|34,824|,824|45|45,189|,189| |Note 6 Surplus on ordinary activities|Note|6|Surplus|on|ordinary|activities| |2025|2025|2024|2024| |The|The operating surplus is stated after|operating|surplus|is|stated|after| |charging/(crediting):|charging/(crediting):-|-|£|£|£|£| |Auditor's remuneration in their capacity as auditors|Auditor's|remuneration|in|their|capacity|as|auditors| |(excluding VAT)|(excluding|VAT)|9,380|9,380|9,380|9,380| |Operating lease charges: Office equipment and|Operating|lease|charges:|Office|equipment|and| |motor vehicles|motor|vehicles|17,104|17,104|13,482|13,482| |Depreciation of housing properties|Depreciation|of housing|properties|140,591|140,591|138,903|138,903| |Depreciation of other fixed assets|Depreciation|of other|fixed|assets|194,347|194,347|113,463|113,463| |Amortisation of government grants|Amortisation|of government|grants|(108,716)|(108,716)|(108,716)|(108,716)|

----- End of picture text -----

Note 5 Interest payable and finance costs Note 5 Interest payable and finance costs

Note 6 Surplus on ordinary activities Note 6 Surplus on ordinary activities

32 32

YMCA St Helens

Note 7 Key management personnel remun Note 7 Key management personnel remuneration eration

	2025 2025	2024 2024
	£ £	£ £
Key management personnel are defined as the non - executive directors and the Keymanagement personnel are defined as the non-executive directorsand the
management team. management team.
The aggregate emoluments paid to the management team The aggregate emoluments paid to the managementteam
Emoluments Emoluments	249,173 249,173	208,161 208,161
Employers NI contributions Employers NI contributions	27,699 27,699	22,532 22,532
Pension contributions Pension contributions	19,865 19,865	15,552 15,552
	296,737 ~~—296,737 ~~	246,244 ~~2462~~
Non - executive directors received no remuneration in the year (2024 - nil) Non-executive directors received no remuneration in theyear (2024- nil)
The emoluments paid to the highest paid director, excluding pension contributions, were: The emoluments paid to the highest paid director, excluding pension contributions, were:	100,441 ~~100,441~~	76,856 ~~76,856~~
	No. No.	No. No.
The number of key management personnel to whom retirement benefits are accruing The number ofkey management personnel towhom retirement benefits are accruing
under money purchase schemes undermoneypurchaseschemes	2 2	3 3

The Chief Executive was an ordinary member of the pension scheme. The pension scheme is a The Chief Executive was 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 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 £9,465 (2024 special terms apply. There are no additional pension arrangements. A contribution of £9,465 (2024 £7,161) was made by the association in addition to the personal contributions of the chief executive. £7,161) was made by the association in addition to the personal contributions of the chief executive.

During the year, a settlement agreement was reached with the Chief Executive Officer (CEO) upon During the year, a settlement agreement was reached with the Chief Executive Officer (CEO) upon - their departure from the charity. Under the terms of this agreement, a one their departure from the charity. Under the terms of this agreement, a one-off off settlement payment settlement payment - of £46,825 was made, which includes payment in lieu of notice and ex of £46,825 was made, which includes payment in lieu of notice and ex-gratia gratia payment. This payment. This payment was authorised by the board of trustees, having taken appropriate legal and HR advice. No payment was authorised by the board of trustees, having taken appropriate legal and HR advice. No further contractual or ex further contractual or ex-gratia -gratia payments were made. payments were made.

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YMCA St Helens

Note 8 Employee information Note 8 Employee information

2025 2025	2024 2024	2024
No. No.	No. No.
The average weekly number of persons employed during the year expressed in full time The average weekly number ofpersons employed during theyear expressed in fulltime
equivalents (35 hours per week) was: 52 equivalents(35 hoursperweek)was: 52		77 77
Staff costs £ Staff costs £		£ £
Wages and salaries 2,239,868 Wages and salaries 2,239,868	1,798,485 1,798,485
Social security costs 165,759 Social securitycosts 165,759	128,419 128,419
Other pension costs 54,205 Other pension costs 54,205	43,481 43,481
2,459,832 2,459,832	1,970,386 1,970,386
No. No.		No. No.
Aggregate number of full time equivalent staff whose remuneration fell within bands of: Aggregate number offull time equivalent staffwhose remuneration fell within bands of:
£60,001 to £70,000 in the period: 1 £60,001 to £70,000 in the period: 1		- -
£70,001 to £80,000 in the period: - £70,001 to £80,000 in the period: -		1 1
£80,001 to £90,000 in the period: - £80,001 to £90,000 in the period: -		- -
£90,001 to £100,000 in the period: - £90,001 to £100,000 in the period: -		- -
£100,001 to £110,000 in the period: 1 £100,001 to £110,000 in the period: 1		- -
Note 9 Pension obligations Note 9 Pension obligations
YMCA St Helens participated in a contributory pension plan providing defined benefits based on final 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 pensionable pay for employees ofYMCAs in England, Scotland and Wales. The assets ofthe YMCA
Pension Plan are held separately from those of YMCA St Helens and at the year end these were Pension Plan are held separately from those ofYMCA St Helens and at theyear end these were
invested in the Mercer Dynamic De - risking Solution, 65% matching portfolio and 35% in the growth invested in the Mercer Dynamic De-risking Solution, 65% matching portfolio and 35% in the growth
portfolio and Schroder (property units only). portfolio and Schroder (property units only).
The most recent completed three year valuation was as at 1 May 2023. The assumptions used 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 which have the most significant effect on the results ofthe 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), assumed rates of4.56%, the increase in pensions in payment of3.18% (for RPI capped at 5% pa),
and the average life expectancy from normal retirement age (of 65) for a current male pensioner of 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 21.5 years, female 24.0 years, and 23.1 years for a male pensioner, 25.7 years, retiring in 20years
time. time.

The result of the valuation showed that the actuarial value of the assets was £103.1m. This 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. 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 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 2007. With the removal of the salary linkage for benefits all employed deferred members became deferred members as from 1 May 2011. deferred members as from 1 May 2011.

The valuation prepared as at The valuation prepared as at 31 May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 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 million. YMCA St Helens has been advised that it will need to make monthly contributions of £1,969

from 1 May 2025. This amount is based on the current actuarial assumptions (as outlined above) from 1 May 2025. 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. Agreed deficit and may vary in the future as a result of actual performance of the Pension Plan. Agreed deficit

34 34

YMCA St Helens

contributions have been discounted using the rate of 5.75% (2024 5.75%). The current recovery contributions have been discounted using the rate of 5.75% (2024 5.75%). The current recovery period is 3 years commencing on 1 May 2024. period is 3 years commencing on 1 May 2024.

					Within	Within	One to	Two	to	After five		After	more
					one	year	two years	five	years	ears		one	year	2025	2024
						£	£	£		£			£	£'000	£
As	at	31	March	2025		24,286	20,733		115				20,848	45,134
As	at	31	March	2024		24,286	20,733	18,785			-		39,519		63,805

The Association also operates a stakeholder pension scheme which is a defined contribution scheme. The Association also operates a stakeholder pension scheme which is a defined contribution scheme.

The costs for the year for this scheme were £54,205 (2024 £43,481). The costs for the year for this scheme were £54,205 (2024 £43,481).

At 31 March 2025 there were outstanding contributions of £9,769 (2024 £7,411) which were paid in At 31 March 2025 there were outstanding contributions of £9,769 (2024 £7,411) which were paid in April 2025. April 2025.

Note 10 Tangible fixed assets Note 10 Tangible fixed assets

					Total Fixed Total Fixed
	Housing Properties Housing Properties		Other fixed assets Other fixed assets		assets assets
	Social Social
	housing housing			Other Other
	Properties for Properties for	Total Housing Total Housing	Fixtures and Fixtures and	Freehold Land Freehold Land
	Letting Letting	Properties Properties	Equipment Equipment	and Buildings and Buildings
	£ £	£ £	£ £	£ £	£ £
Cost Cost
At the start of the year At the start ofthe year	7,999,795 7,999,795	7,999,795 7,999,795	578,764 578,764	7,681,654 7,681,654	16,260,214 16,260,214
Additions Additions	52,769 52,769	52,769 52,769	28,155 28,155	76,150 76,150	157,074 157,074
At the end of the year At the end oftheyear	8,052,564 8,052,564	8,052,564 8,052,564	606,919 606,919	7 ,757,804 7,757,804	16,417,288 16,417,288
Depreciation and Depreciation and
impairment impairment
At the start of the year At the start ofthe year	2,690,208 2,690,208	2,690,208 2,690,208	438,095 438,095	882,743 882,743	4,011,046 4,011,046
Charge for the year Charge for theyear	140,591 140,591	140,591 140,591	42,414 42,414	151,933 151,933	334,938 334,938
At the end of the year At the end oftheyear	2,830,799 2,830,799	2,830,799 2,830,799	480,509 480,509	1,034,676 1,034,676	4,345,984 4,345,984
Net Book Value Net Book Value
At the end of the year At the end oftheyear	5,221,766 5,221,766	5,221,766 5,221,766	126,410 126,410	6,723,128 6,723,128	12,071,304 12,071,304
At the start of the year At the start ofthe year	5,309,588 5,309,588	5,309,588 5,309,588	140,669 140,669	6,798,911 6,798,911	12,249,168 12,249,168
				2025 2025	2024 2024
Housing Properties comprises: Housing Properties comprises:				£ £	£ £
Freehold land and buildings Freeholdlandandbuildings				5,221,766 5,221,766	5 ,309,588 5,309,588

The carrying value included within other land and buildings that is secured on the bank loan is The carrying value included within other land and buildings that is secured on the bank loan is £5,548,244 (2023: £5,616,868). £5,548,244 (2023: £5,616,868).

35 35

YMCA St Helens

Note 11 Note 11 T Trade rade and other debtors and other debtors: : amounts falling due within one year amounts falling due within one year

		2025 2025	2025 2025	2024 2024
		£ £	£	£ £
Rent arrears Rent arrears			221,964 221,964	154,819 154,819
Less: provision for bad debts Less: provision for bad debts			(29,763) (29,763)	(32,607) (32,607)
			192,201 192,201	122,212 122,212
Other debtors Other debtors			172,165 172,165	83,630 83,630
Prepayments and accrued income Prepayments and accrued income			174,245 ~~174,245~~	74,956 ~~74,956~~
			538,610 538,610	280,799 280,799
Note 12 Cash and cash equivalents Note 12 Cash and cash equivalents
		2025 2025		2024 2024
		£ £	£	£ £
Cash at bank and in hand Cash at bank and in hand			906,101 906,101	1,120,097 1,120,097
			906,101 906,101	1,120,097 1,120,097
Note 13 Creditors: amounts falling due Note 13 Creditors: amounts falling due	within one year within oneyear
		2025 2025		2024 2024
		£ £	£	£ £
Trade creditors Trade creditors			126,779 126,779	162,177 162,177
Rent in advance Rent in advance			47,167 47,167	47,167 47,167
Rents and service charges paid in advance Rents and service charges paid in advance			9,515 9,515	- -
Taxation and social security Taxation and social security			51,901 51,901	172,794 172,794
Accruals and deferred income Accruals and deferred income			99,422 99,422	138,357 138,357
Deferred Capital Grants (Note 14) Deferred Capital Grants (Note 14)			108,716 108,716	108,716 108,716
Pension liability (Note 9) Pension liability (Note 9)			24,286 24,286	24,286 24,286
Other creditors Other creditors			21,271 21,271	92,025 92,025
Bank Loans (Note 13b) Bank Loans (Note 13b)			150,000 150,000	150,000 150,000
			639,057 639,057	895,524 895,524

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

	2025 2025	2024 2024
	£ £	£ £
Rent in advance Rent in advance	283,000 283,000	330,167 330,167
Sinking fund Sinking fund	255,142 255,142	242,853 242,853
Deferred Capital Grant (Note 14) Deferred CapitalGrant (Note 14)	5,094,748 5,094,748	5,203,464 5,203,464
Pension liability (Note 9) Pension liability (Note 9)	20,848 20,848	39,519 39,519
Bank Loans (Note 13b) Bank Loans (Note 13b)	299,999 299,999	450,000 450,000
	5,953,737 5,953,737	6,266,001 6,266,001

The bank loan of £449,999 (2024: £599,999) included within creditors due within one year and The bank loan of £449,999 (2024: £599,999) 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 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 3 years. by equal instalments of £150,000 per annum, paid quarterly for the next 3 years.

36 36

YMCA St Helens

The sinking fund represents monies received from tenants occupying The Beacon building towards 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 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. expenditure is incurred and as such will be treated as a liability due after more than one year.

Note 13b Note 13b Debt analysis Debt analysis

	2025 2025	2024 2024
	£ £	£ £
Loans repayable by instalments: Loans repayable by instalments:
Within one year Within oneyear	150,000 150,000	150,000 150,000
In one year or more but less than two years In one year or more but less than two years	150,000 150,000	150,000 150,000
In two years or more but less than five years In twoyears or more but lessthan five years	149,999 149,999	299,999 299,999
In five years or more In five years or more	- -	- -
	449,999 449,999	599,999 599,999

Note 14 Note 14 Deferred capital grants Deferred capital grants

Deferred capital grants Deferred capital grants

Deferred capital grants Deferred capital grants
	2025 2025	2024 2024
	£ £	£ £
At the start of the year At the start of the year	5,312,180 5,312,180	5,420,896 5,420,896
Released to income in the year Released to income in theyear	(108,716) (108,716)	(108,716) (108,716)
At the end of the year At the end oftheyear	5,203,464 5,203,464	5,312,180 5,312,180
Amount to be released in less than one year Amount to be released in less than oneyear	108,716 108,716	108,716 108,716
Amount to be released in more than one year Amount to be released in more than one year	5,094,748 5,094,748	5,203,464 5,203,464
	5,203,464 5,203,464	5,312,180 5,312,180

Note 15 Share Capital Note 15 Share Capital

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

Note 16 Note 16 Operating leases Operating leases

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

	2025 2025	2024 2024
	£ £	£ £
Not later than one year Not laterthan one year	5,622 5,622	17,625 17,625
Later than one year and not later than five years Later than oneyearand not laterthan five years	10,253 10,253	13,369 13,369
More than five years More than fiveyears	1,709 1,709	- -
	17,584 17,584	30,994 30,994

37 37

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Note Note 17 Grant and financial assistance 17 Grant and financial assistance

	2025 2025		2024 2024
	£ £		£ £
The total accumulated government grant and financial assistance received The total accumulated government grantand financial assistance received
at 31 March: at 31 March:
Held as deferred grant - housing Held as deferred grant - housing	2,547,463 2,547,463		2,624,179 2,624,179
Held as deferred grant - other Held as deferred grant - other	2,656,000 2,656,000		2,688,000 2,688,000
Recognised as income in the Statement of Comprehensive Income - housing Recognised as income in the Statement ofComprehensive Income - housing	1,917,896 1,917,896		1,841,180 1,841,180
Recognised as income in the Statement of Comprehensive Income - other Recognised as income in the Statement ofComprehensive Income - other	782,032 782,032		750,032 750,032
	7,903,391 7,903,391		7,903,391 7,903,391
Note 18 Capital commitments Note 18 Capitalcommitments
	2025 2025		2024 2024
	£ £		£ £
Capital expenditure that has been contracted for but has not been provided for Capital expenditure that has been contracted for but has not been provided for
in the financial statements in the financial statements		- -		- -
Capital expenditure that has been approved by the Board but has not yet been Capital expenditure that has been approved by the Board but has not yet been
contracted for contracted for		- -		- -
		-		-

Note Note 18 Capital commitments 18 Capital commitments

Note 19 Party related transactions Note 19 Party related transactions

During the current and previous year, there were no 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. No remuneration was paid to any trustee for services as a trustee.

Note 2 Note 20 0 Movement on reserves Movement on reserves

General Reserves General Reserves
					General General	Total Total
					£ £	£ £
At 1 April 2023 At 1 April 2023					4,734,811 4,734,811	4,734,811 4,734,811
Surplus/(Deficit) for the year Surplus/(Deficit) for theyear					232,136 232,136	232,136 232,136
At 31 March 2024 At 31 March 2024					4,966,947 4,966,947	4,966,947 4,966,947
Surplus/(Deficit) for the year Surplus/(Deficit) for theyear					311,468 311,468	311,468 311,468
At 31 March 2025 At 31 March 2025					5,278,415 5,278,415	5,278,415 5,278,415
Restricted Reserves Restricted Reserves	National Lottery National Lottery		Listening Listening		YIF Capital YIF Capital
	Community Fund Community Fund		Service Service		Grant Grant	Total Total
	£ £		£ £	£	£ £	£ £
At 1 April 2023 At 1 April 2023		12,513 12,513		- -	- -	12,513 12,513
Surplus/(Deficit) for the year Surplus/(Deficit) for theyear		6,125 6,125		45,983 45,983	1,182,073 1,182,073	1,234,181 1,234,181
At 31 March 2024 At 31 March 2024		18,638 18,638		45,983 45,983	1,182,073 1,182,073	1,246,694 1,246,694
Surplus/(Deficit) for the year Surplus/(Deficit) for theyear		5,198 5,198		123,415 123,415	(4,774) (4,774)	123,839 123,839
At 31 March 2025 At31March2025		23,836 23,836		169,398 169,398	1,177,299 1,177,299	1,370,533 1,370,533

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YMCA St Helens

Restricted Funds Restricted Funds

YMCA St Helens commenced a new Listening Service for younger people in the locality. This reserve 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 2025. represents funding received but not spent at 31 March 2025.

National Lottery Community Fund reserve is a restricted fund in relation to the RC North West Region 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 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 Service to a total of 494 young people in St Helens aged 12-18. -18 .

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

Designated Reserves Designated Reserves	Warrington Warrington	Future Major Future Major
	YMCA YMCA	Repairs Reserve Repairs Reserve	Total Total	Total
	£ £	£ £	£ £
At 1 April 2023 At 1 April 2023	67,841 67,841	204,944 204,944		272,785 272,785
Surplus/(Deficit) for the year Surplus/(Deficit) fortheyear	(18,113) (18,113)	20,226 20,226		2,113 2,113
At 31 March 2024 At 31 March 2024	49,728 49,728	225,170 225,170		274,898 274,898
Surplus/(Deficit) for the year Surplus/(Deficit) for theyear	(9,708) (9,708)	9,083 9,083		(625) (625)
At 31 March 2025 At31March2025	40,020 40,020	234,253 234,253	274,273 274,273

Design Designated ated Funds Funds

Following the closure of Warrington YMCA, the surplus funds were donated to YMCA St Helens. The 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. 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. The trustees have also set aside funds to provide for future major repairs of the Beacon property.

39 39

YMCA YMCA ST HELENS ST HELENS

For more information, please contact: Karen Nolan CEO Karen Nolan CEO, , [e-mail] [e-mail] LinkedIn @ymcasthelens LinkedIn @ymcasthelens www.ymcasthelens.org.uk www.ymcasthelens.org.uk

Here forcommunities Inspired by, and faithful to, our Christian values, we create supportive, inclusive and vr HereHere forfor youyoung people YMCAenergising enablescommunities, people to develop where young their fullpeople potentialcan truly in mind,belong, bodycontribute and spirit.and thrive. FAMILY & YOUTH WORK HEALTH & WELLBEING HOUSING TRAINING & EDUCATION SUPPORT & ADVICE