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. . 1 1 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 2 2 YMCA St Helens ## Contents Contents |1.
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Strategic report for the year ended 31st March 2025
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Strategic report fortheyear ended 31St March 2025 w.ceseseseseeecsessesesteseesesesteneeneeee4| |---|---| ||**1.1.**
**Introduction**
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TIMTOCUCTIONoo.eeceseeseseeseseeseeseseescsesscsesuenesucneseencsucatsneseeueaeseneseeessteesaeeateecieeeneeteneatenees4| ||**1.2.**
**Housing**
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HOUSING...eeeeseceseeseseesesesscescseescsesucsesucscseencsusncseassucsesucsesuceeseseeseeesseeatensaesesaesceeseeeceeeecateneae4| ||**1.3.**
**Early years**
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EQrlyYOOMS woo.eeeessesessesessesecseseesesecscsesncseencsesucsesueeucaesucsesucuesesueseeesseeueaeeaseusassueneeeeeseneneates D| ||**1.4.**
**Youthwork**
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YOUTAWOTKKoeeeceseeseseeseseeseeseseescsesncsesucnesuenesucsesscsusucsesecsesuesesueaesusaesusaneassesucsesecaeeusseeneaeesO| ||**1.5.**
**Risk and compliance**
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RISKGN COMPLIGNCE ou.ecccteseseeseseseeseseseseesesesesestenesesecesueceseenesesecestenesesestesseseeteneseee OD| ||**1.6.**
**Value for money metrics**
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Valle for MONEY MECHICS...... eceeecsesessesseesessessecscceseenecsescseenecnesueseesueseeneeneseesteateneeesteneene D| |2.
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Director’s Report for the year ended 31
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March 2025
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Director’s Report for theyear ended 315t March 2025wcrcLO| ||**2.1.**
**Financial Statements**
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FINANCIAL STATEMENTS...
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**Activities**
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ACTIVITIOS oseeececeeesesseseeseseeseesesesucnesucscsuenssusucscueeucassuesesucsesucasseesaeenssueatsusaseuseeatessateecateesLO| ||**2.3.**
**Status**
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SEOKUS ieeeseessesesesnesssesnesesesessuesenesesuesessensnssssesusasssaesneucesseaesusaseusucasasetsusesisateteeseeseesLO| ||**2.4.**
**Statement of Comprehensive Income**
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Statement ofCOMpPreheENnsive INCOME........c.ccscssessesseseseeseseeseetssestesestesesseseseeteseeteeseesLO| ||**2.5.**
**Reserves Policy**
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—RESELVES POLICY «0...eseeseseeesseseseeseseeseencsesscsesucsesucseseeseseencsucaesueaesucaeseeestensstessateateeeseeteeeeeeneLL| ||**2.6.**
**Code of Governance**
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COE Of GOVENANCE...eseesessessesesseseesesseeseesecscsucsecnecuesueseesesuessesneseeaeenesnesteateneenesteneateneeLL| ||**2.7.**
**Fixed Assets**
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FIXED ASSCUtS... eeeeeeseseesesseseseeseseeseescseeucsesucsesscnesueseseeueescsesuesesueaesceesesesseeassteateesaeseeseeeeeateneLL| ||**2.8.**
**Recruitment and appointment of new trustees**
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Recruitment and appointment OfNeW trUStEES......... eects
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**Induction and training of new trustees**
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Induction and training OfNEWtrUSTEES........
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**Executive officers**
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EX@CULIVE OFFICEIS 0.eeceeesessesteseeseeseesessecnccesecnesuessenecnecnesnecucseseenesuesteaeenesesteeeateneeterLD| ||**2.11.**
**Directors and their interests**
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Directors ANd their INtereSts....... eeeecsesessesesecteseceeseseeseseeseseeseseenesseaeeeseseseeteeeeeeeeLD| ||**2.12.**
**Statement of Directors’ Responsibilities**
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Statement of Directors’RESPONSIDILITICS
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**Public Benefit**
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PUDLIC BENE Fit
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**Board Statement on Internal Financial Controls**
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Board Statement on Internal Financial CONtrOLS «00...eeeseeteeeeeeeeeeteeeeteeeteneLD| ||**2.15.**
**Political and Charitable Contributions**
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Political and Charitable CONtIDUTIONS ..0..
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**Auditors**
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AUCILOIS ooo.eeeceecesssesseseseesesnesesscsesuesesucscsucusseneseeneencsesuesesucassucseseensaeenesusatsusaesuseeseesceteeeatensLO| |3.
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Independent Auditor’s Report to the members of YMCA St Helens
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For the Year
Independent Auditor’s Reportto the members of YMCA St Helens - FortheYear| |Ended 31st March 2025
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ENded 31St MOrch 2025...sessssssssseeseseeseseescescseescsesucseseeneseesesesecsesaesucsesecsesusnesesseseesesessteecsesesseeeseeseneLZ|| ||**3.1.**
**Opinion**
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OPINIONLecceccestesesesnesesesesesesesesnesesesesenesesuesesesecesneseseseseneseseseeseseseseesesesesteneseseeteteneLZ| ||**3.2.**
**Basis for opinion**
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—BOSIS FOF OPINION.......e.ceseecesessesessesessessesessesesuesesuesesuesesssesessessesesussesussestssestssesessessssessseeseseLZ| ||**3.3.**
**Conclusions relating to going concern**
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CONCLUSIONS relAtiING LO GOING CONCEIN.......ceeeseeeceeseceesestesteseseesesesecseseseseeseeteneeeeeLZ| ||**3.4.**
**Other information**
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OberINFOMATION...eseeseeessesseseeseesseseeseenecueseenecnesueseeneeseeseesesueseenesnestesteatenesteeneeteaeeneeLO| ||**3.5.**
**Opinions on other matters prescribed by the Companies Act 2006**
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Opinions on other matters prescribed by the Companies Act 2006................18| ||**3.6.**
**Matters on which we are required to report by exception**
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Matters on whichwe are required to report by exCeptiOn.......... eee
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**Responsibilities of directors**
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ReSPONSIDILItieS OF GIFECCOMS ......eeeecesessesessesesseseesesseseseseseseseesestssestsstssessssesestsseseeseeseneLO| ||**3.8.**
**Auditor’s responsibilities for the audit of the financial statements**
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Auditor’s responsibilities for the audit ofthe financial statements.................19| ||**3.9.**
**Extent to which the audit was considered capable of detecting irregularities,**
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Extent to which the auditwas considered capable of detecting irregularities,| ||**including fraud**
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INCLUCING FLOU Lu...eeeesessessesseseseeseesesecsesuesucsecuesuesucsesnecnecnecuesucsecuecuesueseenecuesesueateaeeasenesteneeneeeateneLO)| ||**3.10.**
**Use of our report**
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3.10. Ue OfOUP FEPOMta...cccesssssseseesesessesesesesesesseseesesessesessesnssesteseenssesesssstesssestssessetesesseeeDL| |4.
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Statement of Comprehensive Income
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Statement OfCOMPrehENnsive INCOME....c.essssessesessesessesesesseesecsssesessesesesesesestssesseetsseseessseenes22| |5.
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Statement of Financial Position
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Statement of FINANCIAL POSITION...eeessesseseeseesecseesecsecuestenecuecueseenecnecuesueenesteateneeneeteaeeneeneete23| |6.
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Statement of Changes in Reserves
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Statement OfCHANGES IN RESELVES....eeseeessesseseeseeseesesesnecseseesecnesucseenecnecucseeneeateneeneeeeseeneeneenes24| |7.
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Statement of Cash Flows
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Statement OfCASH FLOWS u....eescesssseeseesessesessecseseesessesuesesseesecueseeseesssesnesuessaeenesueeesateaeeneeneenenee2D| |8.
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Notes to the Financial Statements
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Notes to the FINANCial StATEMENLSoeeseeesesseseeseseeseesesesseseencsesueaesuesesesneseesteneseensaeeeeneetenee20| 3 3 ## 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. 14 14 - 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. 27 27 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| 28 28 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. 33 33 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 YMCA St Helens ## **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| 38 38 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, , karen.nolan@ymcasthelens.org.uk karen.nolan@ymcasthelens.org.uk 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