Company Number: N1063094 Charity Number: NIC100606 Lurgan Young Men's Christian Association IA company limited by guarantee. not having a share ¢apitall Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2023 Daly Park & CompanyLtd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh B T66 6AS Northern Ireland
Lurgan Young Men's Christian Association IA company limited by guarantee. not having a share caplt411 CONTENTS Page Trustees, and Other Information Trustees, Annual Report 4-11 Statement of Trustees, Responsibilities 12 Independent Examiners Report 13 Statement of Financial Activities 14 Balancè Sheet 15-15 Notes to the Financial Statements 16-21
Lurgan Young Men's Christian Association {A cornpany limited by guarantee. not having a share capital) TRUSTEES. AND OTHER INFORMATION Trustees Kalhryn Louise Bateman Simon Averley Brown Elizabeth Patricia Burke (Resigned 6 February 20231 David Henry Crawford George Nesbitt Emerson Norman Colin Emerson lan Matthew Thompson Vanessa Thompson Michael Kakuru Michael Gerard Lavery {Appointed 13 February 20231 Charity Number in Northern Ireland NIC100606 Company Number N1063094 Reglstered oifice anil Princlpal Address 4 Carnegie Street Lurgan Craigavon Co. Armagh BT66 6AS Northern Ireland Indewndent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Bankers Danske Bank 45- 48 High Street Port8dow Co. Amagh BT62 1 LB Northern Ireland
Lurgan Young Men's Christian Association IA company limited by guarantee, not having a share ¢apitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present their Trustees, Annual Report, wmbining ihe Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordan with the Companies Act 2006, FRS 102 'The Financial Reporbng Standard appli12ble in the UK and Republlc of Ireland. and Aecountng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financk?I statements n accor(Jance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland (FRS 1021. The Trustees. Report contains the infonnation required lo be provided in the Trustees, Annual Report under the Statement of Recommended Practi ISOFIO} guidelines. The trustees of the company a also tharity Iruslees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In thls report the trustees of Lurgan Young Men's Christian AssociatDn present a summary of its purwse. gove[nan. activities. achievements and finances for the financial year 31 March 2023. The company is a wislered charity and hence the report and re9Jlts are presented in a form wlich CLYllFlies the reqUinents of the Cunpaniès Act 2006 and. althou not obliged to comply with the Statement of Recommended Practice (Charities SORP effecti January 20151, the organisatK)n has implemented its Tecommendaticns where relevant in these financial statements. Financlal Results At the end of the finanaal year the com pany has assets of £1,915,51512022 - £1,9SI,032} al lialilitS of £231,753 (2022 - £261.550}. The net assets of the company have increased by £21.280. Trustees The trustees who served throughout the financial year. except as noted. were as follows.. Kathryn Louise Bateman Simon Averley Brown Elizabeth Patricia Burke {Resigned 6 February 20231 David Henry Crawford George Nesbitt Emerson Nomian Colin Emerson lan Matthew Thompson Vanessa Thompson Michael Kakuru Michael Gerard Lavery (Appointed 13 February 2023}
Lurgan Young Men's Christian Association IA eompany Ilmlted by guarantee. not having a sharè eapltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Introductlon The trustees present their Trustees, Annual Report, combining the Directrjrs, Report and Trustees, Report. and the unaudited financial slalements foT the year ended 31 March 2023. Compllance wlth Sector-wide Legislatlon and Standards The company engages pro-actively with legigalion. standards and codes which are devebp8J for the sector. Lurgan Young Men's Christian Association subscribes lo and is compliant with the following.. The Companies Act2006 The Charities SORP {FRS 1021 The Trustees, Report provides information on the Lurgan Young Men's Christian Association activities and financial perfomiance, and fomis part of a range of public information designed to give an open account of our work. In this report the trustees of Lurgan Young Men's Christian Association (hereby referred lo as YMCA Lurgan) present summary of Il's governance purpose. actiwties. achlevemenls and finances for the financial year 31 March 2023. Structure, Governance and ManagemenL Structure YMCA Lurgan is a company limited by guarantee. The company is governed by its Memorandum and Articles of Association, and has been granted charitable status by the Inland Revenue (Ref No XN 793941 and accordingly is exempl from income lax, corporation tax and capital gains tax. It is also registered with the Charity Commission for Northem Ireland (Reg No 100606} and Companies House (Reg No Nl 063094) Method of Electlon YMCA Lurg8n is managed by 8 Trusteè Board of Management whose members are elected at its Annual General Meeting. In the 22123 period. the AGM took pla on 13th February 2023.when Honorary Office Bearers were elected to serve on the Board of Management, including a Chairperson. Vice Chairperson. Treasurer and Secretary. Members of the Board of Management Trustees are listed previously under the Trustee's and Other Information section. The Trustees are also registered as Company Directr)rs. C. Governance The Board of Management met on 10 occasions in the 22r23 period for general Board Meetings and for its Annual AGM. None of the Trustees received mUneratiOn forlheirservices. Day to Isay operational and programme delDiery is the responsibility of the Chief Executive and the operational staff team. As well as the monthly Board of Management meetings, a Finan sub group meet on a monthly basis lo review finances and to consider strategic financial operations and a Health and Safetylchild protection sub group meet up lo 4 times per year, to oversee compliance and reporting in these areas. Both sub groups report to and advise the full Management Board al the Monthly meetings. Staff Pay Policy Staff pay salaries are based on a job evaluation system based on job role and responsibilities and salaries are set againsta YMCA Pay Scale. YNCA Lurgan also operate a workplace pension scheme with Cushon Nl Ltd. In the 22123 period a 3Q/. Cost of Living salary increase was awaided lo all staff in accordance with YMCA Pay sle decisions. Volunte8 YMCA Lurgan is dependent on the contribution of volunteers to support both the delivery of program mes and services and also for providing strategic and operational oversight of its aclivilies. In the 22123 approximately 24 volunteers (including Trustees) were involved with YMCA Lurgan in fundraising. programme delivery and strategic management During the year. volunteers were recruited for specific areas of work which resulted in new volunteers joining ourteam. We also delivered a volunteerinduction program me forour younger voluntsers aged 16-18 yr olds, with 6 young people completing. This engagement has enhanced our seThices Ihroughoutthg year and is extremely importantin termsof social capital and cornmunlty involvemenL The YMCA Volunteerpolicyand Volunleerhandbook were also ieviewed during the year and the organisation continues to operate a policy whereby travel and out of pocket expenses can be reimbursed lo volunteers. D. Risk Management The Board of Management has assessed the major risks to which the com pany is exposed. in particular lo fhe operations and finances of the Charity, and is satisfied that systems and ProdureS are in place lo m iligate our exposure to the major risks.
Lurgan Young Men's Christian Association IA company Ilmited by guarantèe. not having a share capitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The organisation has a risk register which is prepared by the CEO and staff and which is reviewed by the Board of Management. This register seeks to summarise the threats, actions or events that might adversely 8ffecl the organisation's ability lo achieve its objectives. As such Trustees seek lo avoid unnecessary risks. and mitigate against those risks which inevitably arise as a result of our programme activities. Vlslon Objectives & activities In setting our objectives and planning our activities for the year, the Trustees have given careful consideration to the Charity Com mission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the YMCA'S purposes and Provide benefit to the beneficiaries. Public Benefit Statement The YMCA is a Christian o@anTsati(n and - although the advancement of religion is not an expressed purwse - al purpo*s are an expressi( of Christian princples through 'soaal action.. The YMCA offers a ccxnprehensive range of opporiunities lo its beneficiaries and meets the 'Public Benefit requirement as follows= Purpose l - in Ihe provision of educatAon The dlrecl benefits attributed to this purpose include improved educational attainment and social indusDn through 'non4ormal' education. As a result, the physicd, mental and spiritual capabilities, competences, skills and understanding ol the beneficiaries are im proved. These benefits are tangible and can be demonstrated. for example. through supwrt for learning. person and social devebpmental activities for young people. the gaining of leadership skills. enga&wnent in active citizenthip. the development of thinking skills, life skills, and employment skills. This is eVIdend by the fedback from parbcipants, data co1cted on prcJJressDn and impact and independent evaluations. The benefiarS are. potentially, any mem of the public tyjl in parbajlar, childn, youro peopje and familEs experiencing Social exclusion. Purpose 2- promote healfhyliving The benefits attributed to this purpose include reduction of personal ham to indimdl participants. reducti in anti-social behairiour, improved personal knouAedge, health awareness aNJ persond self-rx>rfiden¢e and contrd which results in improved life choices. The benefits are evident in the increase in POtiVe mental and physcal wdl being of young people and their positive engagement in the wider community. school and recreationd activities. The work is often delivered by the YMCA with partners who see day to day evidence of the change in behaviours including schools. ABC Council. SHSCT. Evidence of the change is reeorded through practitioner and participantfeedback and interagency review. The beneficiaries are young people and their families. Purpose 3 - promote community engagement The YMCA recognises young rEople do not live in i9)lafyon from family, c(xnmunity and 0r institutions in soiiety Iherefore the benefits from this purpose txjnsisl of incwsed opwrtunities for lunteering and active abzenship, InCread support for community activities, improved community rekitions and racial MionY and reduced sectarianism. The tsn9Ie benefits aTe demonstrated by increased famly and Community activity. increas&d dkqlogue aCsS community divi&s. the training of volunteers and feedback frorn vOluntr$. leaders, other stakeholjers e.g. schools and parbcipants. Puwose 4- reliev8 orassistin the relief of ne8d The benefits attributed tenefit lo this wrpose indude the pVisi)n of new OFPOrtunities for iThlivKluals who ha diffiojlty in the areas of health, physical or edu(8tional disability, as well as those who are marginalised or 'a I risk. The tangible outcomes indude better edUtiOnal rfOmian, improved soaal activity, increased employability and stsble relatr)nships. These outcomes lead to im proved lrfe choi$ and skills of independent living and reduced dependency on others. In the 22123 period, YNCA Luigan review8J its Wision Mission and ValS ststement as part of a National YMCA Ireland remew. Young people, staff. volunteers and Trustees were part of this review, with the fdlowing statements being adopted. Vision Our vi5i0n is a town where young people, their families and the whole community flourish in body. m Ind and spirit.
Lurgan Young Men's Christian Association {A company limited by guaranttè. not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Mission Our mission is lo create an inclusive space where everyone feelswelcomed. accepted and inspired by social justice and peace, and To provide life enriching opportunities for young people within the Lurgan community Values Our foundational value base is that YMCA Lurgan will be a place of welcome, opportunity, well being, peace and social justice for all. In order to fulfil this vision. YMCA Lurgan interprets the YNCA movement foundational statements for the present limes as a desire to demonstrate Christian Social Action in local comm unities as noted in our core purposes, by promoting piogrammesfocusing on youth development, healthy living and community engagement in the following ways. Youth Development including all young people regardless of race, ethnicity. religion. income or gender encouraging young people lo engage in non-fomial education & reach their potential respecting the contribution of young people in ihe design of programmes & governance of the organisation Heallhy Living & education - promotion of healthy living including emotional and mental well being through ourseNices. activities and programmes striving lo meet the needs of young people in a holistic way creating safe spaces where issues can be explored signposting young people lo specialist services where necessary Community Engagement Promotion of communityengagementand active citizenship for young people, families and other adults for the purpose of family support. im proving community relat¢ons and active citizenship hamessing the resources of local communities to help meet the needs of young people working collaboratively with families & other organisations working forIusti and advocating with and for young people & their negds
Lurgan Young Men's Christian Association IA company Ilmlted by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the flnanc181 year ended 31 March 2023 Revlew of Actlvltles. Achievernents and Performance Youth Work Provlsion During the 22123 period. there were 3 funded youth work programmes delivered. These included our Core Youth Work Provision funded by the Education Authority through the Local Area Funding Award. the Summervibes programme funded through the Neighbourhood Renewal Cr8igavon-Youth Engagement Pmgramme and the continuation of the Independent Living Programme funded through the Southern Health and Soclal Care Trust. Core Youth Provision YMCA Lurgan has had anothei extremely successful year in the delivery of its EA Funded youth programme for the 22123 period. This year we have received 4 '0utstanding' moderation reports which reflect the quality of provision based on a strong foundation of quality staff development as well as quality governance, with moderators reporting the following: June 22 'The strategic leadership with YMCA have plannedand are delivering on a programme of needthat supports the learning and achieving of children and young people . . YMCA provide a fun and engaging space. creating opportunities to learn new skills 8ndbuild friendships., Sept 22- 'Therg are clearstructures for both young people. staff and volunteers to provlde Inputs on currlculum development that Is basedon identified need...Work with young people is strengths-basedand CRED principles are embeddedin everyaspect of the oryanisations work.. Nov 22 - 'Middle and Senlor strategic leadership work closety together In the plannlng and strateglc dlrectlon of YMCA Lurgan. with the Boardof Management fully informed and engagedln thts process. March 23 - ' YMCA Lurgan has a breadth of Youth Work EXperiee...wi¢h activities takingplace in a stimulating environment where young people are safe andsecure...(he youth work.team andyoung people work collaboratively with a sense ofpurpose" Throughoutthe 22123 period. we have delivered generic youth 'drop in. sessions for young people aged beiween 9-13 yrs on Wednesday and eady Friday evenings. with sessions airned at young people aged 14 plus being deliveied on Thursday. Friday and Saturday nights. Alongside this a number of targeted programmes and an after schools'Homework Hub. have been made available to the current membership of 225 young people aged 9-18yis. This membership number include5 153 young people aged 9-13. and 72 young people aged 14-18 yrs. The mem bership profile is reflective of the area demographics with a core number of young people attending from ethnic and cultural backgrounds where English may not be the first language of parents. continuing to attend and flourish. Throughoutthe past 12 months. we have continued to develop positive partnership and collabordtive working with other YMCA'S and local servicesto create projects using diverse methodologies including creatsve arts, global youth work and Intemational opporbJnitie5. inlergeneTational programmes and social action partnerships in order to engage as wide a range of young people as possible including those with identified poor mental he811h. young people with SEN and young people from various cultural backgrounds. We continue to work closely with PSNI. Social Services and Schools to support young people who are care experienced and those who are identified as being vulnerable or at risk. As identified in a moderation report'A key strfjngth of the centr$ is the highly effective links and partner5hip5 thatadd significant scope to the centre's aims and objectives but more importanNy are adding value to the youth service dellvery in the area..
Lurgan Young Men's Christian Association IA Company Ilmited by guarantee. not having a Sha capltall TRUSTEES. ANNUAL REPORT for the flnanclal year ended 31 March 2023 Summer Vlbes project During ¢he year, our youth provision was also supported by grant aid from Neighbourhood Renewal Craigavon- Youth EngagementProgramme, which enablgj usto supporta group of 12 young people to make the transition from juniorinto senior provision with a focus on Health and Well Being. Despite this being a small scale projectdelivered durlng the month of Augus122, il had a huge impaclon the young people involved - all of whom have remained fully engaged in YMCAa¢tivities and progiammes. Indgp9ndent Living Programme {ILP) This programme continues to be funded through the Southem Health and Social Care Trust. In the 22123 period. Childw's Disability Services referr1 a number of young peop with learninglphyscal disabilities to the YMCA Lurgan ILP" program me, with the aim of developing participants, independent living skills by Inereasing young people's parbcipation through personal and social development activities Improving the young people's ability to work as team and socialise with others supporbng the devebpment of lrfe skills to enable the young people to be mo independent. and Increasing the young people's positive well being and personal resilience. Throughoutthe year, relevant pmgrammes were plann and delivered in partnership with the participanls. based on the emerging and identified needs of the young people and familEs. The group meteach week on a Tuesday evening once per month on a Saturday {excepl for July and August), with a summer scheme being delivered over July and August replacing the usual weeklylmonthly provision. In total young people were provided with Young people are also supported lo parhcipale in a residential experience. Overall, participants who participated in the service, reported back that they had enjoyed the programme, Ihat they had learned new skills and had tried aclivitieswhich they didn't think they would have before joining the prograrnme. Parents reported a high level of Satisfaction with the programme. Anecdotal feedback from Social Workers and staff from the Children's Disability Team, has also been very positive throughout the piogram me Some Quotes from young people when they were asked aboutlhe programme included '18m able k) tell the bus driver where l am going and then payforlhe tscker '1 enjoyb8ing able to use the bus and train, '1 feel more confidentaboutgoing shopping. 'lin notafraid lo go out to the cinema anymore. 'Isfayed away from home for tho ffrst time. 'Ihave nlade new friends at the YMCA,
Lurgan Young Men's Christian Association IA company limited by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 'Iln not 8$ shy 8$ before... and I feel l am betteraf being able to talk to talk to people. 'Ihave leamed how lo cross mads, and lam able to cook8 meal, Quotes fiorn parents induded.. Myson sfrlves to do more lorhimselfie dressing, personal hygiene. maklng snacks, He has beGome 'much betterat wailing and taking lums and tries notlo interruptso much, '1 feel (my daughter) has be¢omg more confident,, th8 Tr io L&iSburi pmgramrne has 'helped herso¢ially as she made new friends and has picked up some useful skills, 'She has fr7ed different ttjlngs going on the fnps. independenfly withoutus, 'His mood has improved 8nd he Is more willing to ty new things. 'Ireallyfeel thatthe group has been great forhim, 'She feels accepted, safe and supported here, Community Engagement Through supportfrom the ABC Council's Communty Developmenlgrant underils Financial Assistance Policy, as well as the TNL AwardsforAII grant aid. YMCA Lurgan has continued to supportwidercommunityengagemenl during the year. This has ineluded opening up ourtraining opportunities to members from other local groups in order to support their leaming and engagement, providing volunteering opportunities lo members of the local community. providing a space for local groups to meet and community'get logelhers. in the form of coffee mornings. This has in turn strengthened our nefvlorks and helped lo build stronger patherships and provision in the town. A Strategic goal moving forward is to build on our community netsvorks and engagement in older to ensure thatlhe wider community 'knows who we are and what we do,. By strengthening our communication with others and developing cownmunity patherships we can in turn strengthen our programme of delivery and ensure Ihatwhatwe are delivering reflects local needs. Other partnerships (hisyear have been with Craigavon Senior High School and St Ronan's College with the deliveryof piogratnrnesto support young people who may. because of life Circumstan5, can be struggling with school and education. 10
Lurgan Young Men's Christian Association IA company limited by guarantee, not havlng a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 F¥ YMCA Intemship Programme We were delighted this year Ihal we were able to develop our own YMCA Lurgan Intemship programme, which was launched in September 2022, with 2 Interns joining our team for a minimum of 12 months. With the support of local Trust funds and Individual donors we were able to offer a paid Internship programme to 2 young people aged between 18-25 years. This programme will run for the next 3 years, offering training opportunities as well as paid employmenl experience in youth work for young people who have or are facing barriers to fvrther education. Financial Review YMCA would like to thank all of our funders for their support during this financial year, including the Education Authority, Southern Health and Social Care Trust, ABC Council, Craigavon Neighbourhood Renewal, TNLAwards for All and the many private donations from individuals. trust funds, local churches. businesses and groups who continue to support our work. We are extremely grateful and would not be able to provide such a range of programmes and seNices without such support and assistance. Financial Results At the end of the financial year the company has assets of £1.945.515 and liabilities of £231,753.. The net assets of the company have increased by £21,280 Resep4es Policy The Resetves Policy continues to aim towards a free reseNes target amount of £50,000, which better reflects the level required for an organisalion of our size. The Tnjstees feel thal this level of reserves is essential to enable the Charity to continue lo provide its activities for the foreseeable future. The ReseNes Policy is an integral part of the charity's planning. budget and forecasts. Approved by the Board of Trustees on 13th November 2023 and signed of its behalf by: Georg Truste Nes tt Emerson 11
Lurgan Young Men's Christian Association IA company limited by guarantee, not having a share capltall STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2023 The trustees, who are also directors of Lurgan Young Men's Christian Association for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors lo prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordan with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law Ihe Irustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements. the trustees are required to: select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudent- state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 13th November 2023 and signed on its behalf by: George Trustee sbi Emerson 12
Lurgan Young Men's Christian Association {A company limited by guarantee, not havlng a sharè capttall INDEPENDENTEXAMINER'S REPORTTOTHE BOARD OF TRUSTEES OF LURGAN YOUNG MEN'S CHRISTIAN ASSOCIATION We have examined the finanaal statements of the com pany for fhe fin8nci81 year ended 31 March 2023, whith comprise the Slalement of Fin8na81 Activities {incortK)rating an Inme and ExpEndilure Aecc¥Jntl, the Bdan Sheet and the related notes. Respectlve responsibilitl¢s of trustees and examlner The companrfs trustees (who are alg) the directors of CLYnpany for the pOseS of company kw) are reSpon9b for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The companrfs trustees conSir that an audit is not required for this financkgr year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination Is required. is our responsibility to.. examine the financial ststements under section 65 of the Charities Act.. follow the procedures Lgid (k)wn by the general Directions givan by the Charfty ComMissic for Norlhem Ireland under section 6519}Ib) of the Charilres Act,. and state whether particular matters have come to our attention. Basis of independent examiner's report We have eyamined your crthpany financial stslemenls as required under section 65 of the Charities Act and our examination was carrEd out in accordance wilh the general Directions given by the Charity Commission for Nortt)em Ireland under Secti( 6519}(bl of the CharitEs ACL An examinati¢ indudes a review of the accounting fEcords kept by the company and a comparison of the financkal ststements presented with those records. It also includes consideration of any unusual items or disdosures in the financial statements and seeing exp4anations frvm the trustees concerning any such matters. The procedures uNlertaken do Th)1 provKle all the eVKIen Ihal would te requitBd in an audit and consequentty no opinDn is given as lo whether the accounts present a 'lrue fair, vrew and the report is limited lo those matters set out in the ststement below. In connection with our examination, no matter has come lo our attention which gives us cause to believe that in, any material respecL- accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the fnancial ststements have fK)t been prepared in accordan with the accounting qUIrements of sedon 396 of the panies Act 2006 and wlh the methtyjs and PTinapJ2s of the Statement of Reccmmen¢Jed Practi aPPficate to charities preparing their accounts in accordance with the Financiaf Reporting Standard applicab in the UK and Republic of Ireland IFRS1021 there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statornent We have no concerns ave come across no other matters in connection with the examination to which attention uld rawn in rt in order to enable a proper understanding of the financial ststements to be reached. srep ARK & COMPANY LTD red Accountants amegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland Date." 13th November 2023 13
Lurgan Young Men's Christian Association IA company limited by guarantee, not having a share capltall STATEMENT OF FINANCIAL ACTIVITIES {IncoTporating an Income and Expènditure AOunt) for the financial year ended 31 March 2023 Unrestricted Rg$trl¢ted Funds Fund$ 2023 2023 Total Unrestricted Reslrfcted Funds Funds 2022 2022 Totsl 2023 2022 Notes Incomlng Resources Voluntsry Income Activities for generating funds Otherincome 47.683 38,265 145.262 192,945 38.265 29,798 1,091 149,367 179,165 1.091 32 35,191 140 35,331 36,283 36.283 Totsl inc¢mlng resources 121,139 145,402 266.541 67.172 149,367 216.539 Resources Expended Charitable activities 107.901 137,360 245,261 75,716 131,198 206,914 Net incomlngloutgoing resources before transfers Gross transfers b&een funds 13,238 8,042 21.280 18,544} 18.169 9.625 20,282 120.282} Net movement in funds for the flnancial year 13,238 8,042 21,280 11,738 12,1131 9,625 Reconciliation of funds Balances broughtforward at 1 April 2022 16 154,418 1,538,064 1,692.482 142,680 1.540.177 1.682.857 Balances carried forward at 31 MaT¢h 2023 167,656 1,546,106 1,713,762 154,418 1,538,064 1,692,482 The Stslement of Financial Activities inciudes all gains and losses recognised in the financi81 year. All income and expenditure relate to continuing activities. The notes on pages 16 10 21 form part of the financial statements 14
Lurgan Young Men's Christian Association {A company Ilmlted by guarantee, not having a share capitsl) Company Number: N1063094 BALANCE SHEET as at 31 March 2023 2023 2022 Notes Fixed Assets Tangible assets Investments 1,852,557 348 1,878,035 285 10 1,852,905 1,878,320 Current Assets Debtors Cash at bank and in hand 11 10,264 82,346 5,726 69,986 92.610 75,712 Creditors: Amounts falling due within one year 12 {50.066} (55.0521 Net Current Assets 42.544 20,660 Total Assets less Current Liabilities 1,895,449 1,898,980 Creditors Amounts falling due after more than one year 13 (181,6871 (206,498) Net Assets 1,713,762 1,692,482 Funds Restricted funds Unrestricted designated funds General fund {unreslricted) 1,546,106 34,555 133,101 1.538,064 20,000 134,418 Total funds 16 1.713.762 1,692,482 These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006- and no notice has been deposited under section 476. The trustees confirm Ihat the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies AGt 2006. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the stale of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordan with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard. Approved by the Board of Trustees and authorised for issue on 13th November 2023 and slgned on its behalf by Georg Truste es tt Emerson The notes on pages 16 10 21 form part of the financial statements 15
Lurgan Young Men's Christian Association (A company limited by guarantee. not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION Lurgan Young Men's ChTistian Associ4tion is a company limited by guarantee incorwraled in Northern Ireland. The registered Offi of the ¢xmpany is 4 Canegie StreeL Lurgan. CrawJavon. Co. Am)agh, BT66 6AS, Northern Ireland which is atso the principaf place of busness of the company. The finanaal statements have been presented in Pound Slerfing (£1 which is also the functional Currency of the com pany. SUMMARY OF SIGNIFICANT ACCOUNTING POUCIES The fdlowing accouiling poliaes h3ve applied consislenuy in deang wlh itS vknich are congdered malerfal in relation to the charity's financial statements. Basis of preparation The finanaal statements ha been ppared on the going ttfirn basis under the historical cost convenlon. m¢yJrfIj to include certain items al fair valLE. The financial statements have been prepared in accordance with the Statement of Recomrnended Practice {SORPI 'Accounling and Reporting by Charities preparing their accojnts in accordance with the Financial ReportirYJ Standard appllcaEe in UK and Republic of Ireland FRS 102" applying Section 1A of that Stsndard. As perm itted by the Ccmpanies Act 2006, the company has varied the stsndard fomats in that act for the Statement of Financial Activities and the Balan Sheet. Departures fM the standard fomats are lo comply with the requirements of the Charities SOFF and are in Complian with section 4.7, 10.6 and 15.2 of that SORD. Statement of compliance The financial statements of the Company for the financid year ended 31 Deomber 2017 ha been prnpared on the goiro concern basis and in aCrdance with the Statement of Recommervjed Practice ISORPI "Accounting and Reporting by Charities pparIng their aceounts in accordan with the Financkgl Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the company is gallY entilted to i( its finanoal vaue can be quanti)led wth reasonable rtaInty and there is reasonatle certainty of its ultimate rEceipt. Entiuemenl lo legacies is considered establish1 when ccmpany has been nolrfied of a distribution to be made by the executors. Income received in advan of due perfomiance un(*r a contract is accounted for as deferred inL¥Jme until earned. Grants for activities are re Cognis] as income when the related conditions for legal entiuementhave been mel.All other income is accounted foron an accruals basis. Rosources Expgnded All resources expended are accwnted for on an accruds basis. charitab activities indude costs of services and grants. support costs and depreaaticfft on reialed assets. Costs of generatirg funds simlarly include fundraisng activities. Non-staff costs not attributed to one r21egory of activity arE allocated or apFNJrboned pro-rata to the staffing of the relevant service. Finan. HR, IT and administrative staff cosis are direcuy attributable to indivKlual activities by otiective. Govemance costs are those aS9)cIa with constitutional and stalulory requirements. Tangible fixed assets and depreciation TangitrAe fixed assets are staled at cost or al valuation, less accumulat deprEoiatr)n. The charge to depreciation is calculated lo write off the original cost or valuation of tangib fixed assets. less their estimated residual value, over their expeoled useful Iivgs as follows= Land and buildings freehold Fixtures. fittings and equipment 2% Straight line 250/0 Straight line Investmgnts Investments held as fixed assets are staled at cost less provistin for any pemanent dimnuti(n in vaue. Income frcrn other fnanaal fixed asset inveslrnenls together with Èny related lax credit is recognised in the income and expenditure account in the financial year in which it is receivable. 16
Lurgan Young Men's Christian Association IA eompany limtied by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 Debtors Debtors are reCcgnId at the setuemenl amount due after any dismunt offered. Prepaents are valuad at the amount prepaid nel of any trade discounts due. Inc¢)me recognised by the c(mpany from govemment agencies and other co-funders. but not yet received atfinancial year end. is included in debtors. Ca$h at bank and In hand Cash al bank and in haThJ comprises cash on deposit at banks requiring less than thrEe months noti of withdrawal. Taxatlon No current or deferred tayation arises as the company has been granted tharitable exemption. Irrecoverate valued added tax is expensed as Incurred. Pensions The company operates a defined contribution penSn scheme forempbyees. The assets of the scheme are held separdtely frDm those of the company. Annual contributions yae to the company's nSn scheme are charged to the income and expenditure account in the period lo which they relate INCOME DONATIONS AND LEGACIES Unrestrlcted Restrlcted Funds Funds 2023 2022 Grant Ineome Donations & Gifts 5,000 42,683 145.262 150.262 42.683 168,380 10.785 47,683 145,262 192,945 179,165 OTHER TRADING ACTIVITIES Unrestrlcled Restrlcted Funds Funds 2023 2022 Fundraising Income 38,265 38,265 1.091 OTHER INCOME Unrestrlcted Restricted Funds Funds 2023 2022 Other income 35,191 140 35.331 36.283 EXPENDITURE CHARrrABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Grant Funded Actlvllles other Programme I Project expenses 133.006 69.114 2.501 40.640 135.507 109.754 131.198 75.716 202,120 43.141 245,261 206.914 17
Lurgan Young Men's Christian Association IA company limited by guarantee. not having a share capltall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 SUPPORT COSTS Charitable Activities 2023 2022 Legal Fees Bank Fees & Interest Depreciation Accountancy Costs 902 14.601 25A78 2,160 902 14,601 25.478 2.160 793 10,906 25,478 1,920 43,141 43.141 39,097 ANALYSIS OF SUPPORTCOSTS 2023 2022 Legal Fees Bank Fees & Interest Depreciation Accountancy Costs 902 14.601 25.478 2.160 793 10.906 25.478 1,920 43,141 39.097 NET INCOMING RESOURCES 2023 2022 Net In¢omlng Resources are stated after chargingllcreditingl: Depreciation of tangible assets Independent Examinels remuneration= independent examination services 25A78 25,478 2.160 1,920 AMOUNT WRirrEN BACK ONIOFF INVESTMENTS 2023 2022 Amounts written off investsnents in prior financial years written back.. - fixed assets 1631 79 EMPLOYEES AND REMUNERATION The staff costs comprise: 2023 2022 Wages and salaries Pension costs 141A73 7,202 118,355 5,442 148,675 123,797 18
Lurgan Young Men's Christian Association {A company Ilmlted by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financlal year ended 31 March 2023 TANGIBLE FIXED ASSETS Land and Flxtures, buildlngs fittlngs and freehold equlpment Total Cost At 31 March 2023 2.022.915 157.386 2.180.301 Depreciation At 1 April 2022 Charge for the financial year 159,939 20,458 142,327 5,020 302.266 25,478 At 31 March 2023 180,397 147.347 327,744 Net book value At 31 March 2023 1,842,518 10,039 1,852.557 At 31 March 2022 1,862.976 15,059 1,878,035 10. INVESTMENTS Other Investments Total Investments Cost At 1 April 2022 Revaluations 285 63 285 63 At 31 March 2023 348 348 Net book value At 31 March 2023 348 348 At 31 March 2022 285 285 11. DEBTORS 2023 2022 Trade debtors Prepayments and accrued income 9,341 923 4,626 1,100 10.264 5.726 19
Lurgan Young Men's Christian Association IA ¢ompany limited by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 12. CREDITORS Amounts falling due within one year 2023 2022 Bank Loans Taxation and social security costs Ott)er creditors Accruals and deferred Income 36.791 2,202 2,035 9,038 32.252 2,294 10,151 10.355 50,066 55.052 Current Security for Loans made can be summarised as follows . 1. Danske Bank have a mortgage charge dated 114114 over the property at Carnegie Street, Lurgan., 2. Ulster Community Invesl))ent Trust have a mortgage charge dated 1212116 0r the propety al Camegle Street, Lurgan- 3. Department of Education have a Deed of Covenant charge dated 1115112 over the propety al Carnegie Street. Lurgan: 4. Inlemational Fund for Irend have a Legat Charge dated 2314112 over the propety al Camegie Street, Lurgan. CREDITORS Amounts falling due after more than one year 2023 2022 Bank loan 181,687 206.498 Repayable in one year or less. or on demand (Note 121 Repayable between one and iwo years Repayable between two and five years Repayable in five years or more 36,791 36,791 110,373 34,523 32.252 32.251 96.755 77,492 218.478 238,750 14. PENSION COSTS - DEFINED CONTRIBUTION The Company operates a defined contribution penson scheme. The assets of the scheme aJE held separaldy Irom those of the ccfflpany in an independendy adrninislered fund. Pensw)n costs 8mcunled lo £7,20212022 - £5.442). 15. RESERVES 2023 2022 At 1 April 2022 Sury)ILts forthe financial year 1.692A82 21280 1.882.857 9.625 At 31 March 2023 1,713,762 1,692.482 16. FUNDS 16.1 RECONCIUATION OF MOVEMENTIN FUNDS Unrestrlcted Restricted Funds Funds Total Funds At 1 April 2021 Movement during the financial year 142.680 11,738 1,540,177 (2.1131 1,682.857 9,625 At 31 MaTch 2022 Movement during the financial year 154.418 13.238 1.538.064 8,042 1.692.482 21,280 At 31 March 2023 167,656 1,546,106 1,713,762 20
Lurgan Young Men's Christian Association IA company limited by guaranlee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 162 PNALYSIS OF MOVEMENTS ON FUNDS Balance 1 Aprll 2022 Income Expenditure Transfers between funds Balance 31 March 2023 Restricted funds Southern Health & Social Care Trust Education Authority EA- IT EASR- Peace TBUC ABC Council Community Development Grant EA- Wellbeing Neighbourhood Renewal, Craigavon Awards 4 Al Building Cost Initial Funding 3.563 18,848 20,398 2,013 104,733 104,241 492 27 247 1,646 27 247 478 8,208 7,040 20 20 156 3.613 3.457 10,000 2,224 7.776 1.533.729 1,533,729 1.538,064 145,402 137,360 1,546.106 Unrestricted fund$ Designated Fund - Loan Repayments Unrestricted General Unrestri¢led Free Reserves Non-cash Reserve Internship Funding 20,000 14,5SS 34,555 104.139 96.057 {8.0821 117.3801 10.907 44,626 89,792 27.246 100.699 5.156 17,000 11,844 154,418 121,139 {107,9011 167,656 Total funds 1.692.482 266,541 245.261 1,713,762 17. STATUS Lurgan YMCA is a eompany limited by guarant governed by its Memorandum and Articles of Association. In the event of the charity being wound up. the liability in respect of Ihe guarantee is limited lo £1 per member of the charity. The liability of the members is limited. Every member of the company undertakes to contrfbule to the assets of Ihe company in the event of its being wound up while they are memters, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased lo be members, and the costs, charges and expenses of winding up, and for the adjustrnent of the rights of the contributors amoro themselves, such amount as may be required, not exceeding £ 1. 18. CONTINGENT LIABILITIES Funding has be secured from a range of funders for the buRdng project for the new premises in Lurgan. Some of these fvnders have claw back and restrictive ciauses in their letters of offerwhith woukl entiue them to a repawnent of the funding provKJed lo the charity in the event that the charity ceased or the picperty is sold within a specified lime period. A definite amount cannot be confirmed in respect of this. 19. RELATED PARTY TRANSACTIONS DuriThJ the year £8.127 was paid to Emerson Office Supplies Limited. a company in wFych one trustee. Mr George Emerson is a director. This 8mount was fully paid during the year and there is a balan of £668 outstanding 81 the balance sheet date. There were no other payments made to Trustees, or related parttes during the current financial year. 21