Company Registration Number: N1063094 Charlty Number.. NIC100606 Lurgan Young Men's Christian Association IA company Ilmited by guarantee, not having a share capital) Annual Report and Unaudited Financial Ststements for the financial year ended 31 March 2024 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northgrn Ireland
Lurgan Young Men's Christian Association IA company Ilmlted by guarantèè, not having a share capltall CONTENTS Page Trustees, and Other Infomation Trustees, Annual Report 4-11 Statement of Trustees. Responsibilities 12 Independent Examiner's Report 13 Statement of Financial Activities 14 Balance Sheet 15 Notes lo the Financial Statements 16-22
TRUSTEES. AND OTHER INFORMATION Trustees Kathryn Louise Bateman Simon Averley Brown David Henry Crawford George Nesbitt Emerson Norman Colin Emerson lan Matthew Thompson Vanessa Thompson Michael Kakuru Michael Gerard Lavery Charity Number in Northern Ireland NIC100606 Company Registratlon Number N1063094 Registered Office 4 Carnegie Street Lurgan Co. Amiagh BT66 6AS Northern Ireland Principal Address 4 Camegie Street Lurgan Craigavon Co. Armagh BT66 6AS Northern Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co.Armagh BT66 8AS Northem Ireland Prin¢ipal Bankers Danske Bank 4548 High Street Portadown Co.Amiagh BT62 1LB Northern Ireland
Lurgan Young Men's Christian Association IA company Ilmlted by guarantee, not having a share capitall TRUSTEES. ANNUAL REPORT forthe financial year ended 31 March 2024 The trustee5 present their Trustees, Annual Report. combining the Directors, Report and Trustees, Report, and the unaudited financial slalements for the year ended 31 March 2024. Compllance viith Sector-wide Legislation and Stsndards The company engages pro-actively with legislation. standards and codes which are developed for the sector. Lurgan Young Men's Christian Association subscribes lo and is compliant with the following.. - The Companies Act 2006 The Charities SORP IFRS 102) The Trustees, Report provides information on the Lurgan Young Men's Christian Association activities and nancial performance. and forms 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 Lurganl present a summary of its governan. purpose, adivilies, achievements and finances for the financial year 31 March 2024. The company is a registered eharty and hen the report and results are presented in 8 form which complies wi(h the requirements of the Companies Act 2006 and, although not obliged lo comply with the Stslemenl of Recommended Practi (Charities SORP effective January 20151. the organisalion has implemented ils recommendations where relevant in these financial statements. Structure, Governance and Management. Structure YMCA Lurgan is a company limited by guarantee. The company is governed by ils 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 lax and capital gains tsx. 11 is also registered with the Charity Commission for Northern Ireland (Reg No 100606) and Companies House (Reg No Nl 063094} Method of Election YMCA Lurgan is managed by a Trustee Board of Management whose members are elected al ils Annual General Meeting. In the 23124 period. the AGM took place on 12th February 2024, when Honorary Office Be9r$ were elected lo serve on the Board of Management. including a Chairperson, VI Chairperson. Treasurer and Secretary. Members of the Board of Management Trustees are listed previously under the Trustee's and Othèr Information section. The Trustees are also registered as Company Directors. Govemance The Board of Management met on 10 occasions in the 23124 period for general Board Meetings and for its Annual AGM. None of the Trustees received remuneration for their services. Day lo day operational and programme delivery is the responsibility of the Chief Executive and the operational staff team. As well as the monthly Board of Management meetings, a Finance sub group meet on a monthly basis lo review finances and to consider slralegi finanaal operations and a Health and Safelylchild prote¢Xion sub group meet up lo 4 limes per year, lo oversee compliance and reporting in these areas. Both sub groups report lo and advise the full Management Board al the monthly.meelings. staff Pay PoIY Staff pay salaries are based on a job evaluation system refietxing job role and responsibilities wi(h salaries being set against a YMCA Pay Scale. YMCA Lurgan also operate a workplace pension scheme with Cushon Nl Ltd. In the 23124 period a 30h Cost of Living Salary increase wa5 awarded to all staff in accordance with YMCA Pay Scale deosions, with one job ev8lu8tion taking place which resulted in an incremental pay increase in addition to the Cost of Living rise. During this financial year. YMCA Lurgan emplgyed g staff.
Lurgan Young Men's Christian Association IA cornpany Ilmlted by guarantee, not havlng a share capitsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 Volunteers YMCA Lurgan is dependent on the contribution of volunteers to support both the delivery of programmes and services and also for providing strategic and operational oversight of ils activf(ies. In the 23124 approximately 17 aduIt volunteers (including Trusleesl 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 our team. We also delivered a volunteer induction programme for our younger volunteers aged 16-18 yr olds. with 6 young people completing. increasing our number of young volunteers to 15. This engagement has enhanced our services throughout the year and is extremely important in lemis of social capital and community involvement. We continue to follow best practice standards with Tegaid to volunteering. Risk Management The Board of Management has assessed the major risks lo which the company is exposed. in parbcular lo the operations and finances of the Charity. and is satisfied that systems and proc£dures are in place lo mitigate our exposure lo the major risks. 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 lo summarise the threats, actions or events that might adversety affect the organisalion's ability lo achieve ils objectives. As such Trustees seek to avoid unnecessary risks, and mitigate against those risks which inevilobly arise as a iesult of our programme activities. Ision ObJectlves & activities In setting our objedives and planning our actThiitEs foT the year. the Trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped lo achieve the YMCA'S purposes and provide benefit lo the beneficiaries. Public Benefit Statement YMCA Lurgan is a Christian faith based organisation and although the advancement of relBJion is not an expressed purpose- all purposes are an expression of Christian principles through 'social action.. The YMCA offers a comprehensThie range of opportunities to its beneficiaries and meets the 'Public Benefiy requirement as follows- Puwe 1- in the provision ofeducation The direct benefits attributed to this purpose indude improved educational attainment and social inclusion through 'non-formal' education. As 8 result, the physical, mental and spiritual capabilities, competences. skills and understsnding of the beneficiaries are improved. These benefrts are tangible and can be demonstrated, for example. through support for learning. person and social developmental activities for young people. the gaining of leadership skills, engagement in aciwe citizenship, the development of thinking skills. life skills, and employment skills. This is evidenced by the feedback from participants. data Collected on progression and impact and independent evaluations. The beneficiaries are. potentially, any member of the public but in particular. children, young people and families expeiiencing social exclusion. POSe 2- promote he8lthy living The benefits attributed to this purpose indude redvclion of personal ham) lo individu81 participants. reduction in 8nti-social behaviour. improved personal knowledge. health awareness and personal self-confidence and control which results in improved life choices. The benefits are evident in the increase in positive mental and physical wellbeing of young people and their positive engagement in the wider community. School and recreational adivities. The work is often deliVed 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 fecorded through practitioner and participant feedbad( and interagency review. Puwose 3- promote wmmunify engagemenl The YMCA recognises young people do not live in isolation from famity, community and other institutions in society therefore the benefits from this purpose consist of increased opportunf(ies for volunteering and acbve ilizenship, increased support for community adivrties. improved community relations and racial harmony and reduced sectarianism.
Lurgan Young Men's Christian Association IA company limlted by guarantee, not havlng a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 The tangible benefits are demonstrated by increased family and communty activity, increased dialogue across community divides. the training of volunteers and feedback from volunteers, leaders, other stakeholders e.g. schools and participants. Purpose 4 - relieve or assist in the relief of need The benefits attributed to this purpose include the provision of new opportunities for individuals who have difficulty in the areas of health, physical or educational disability. as well as those who are marginalised or'al risk, The tangible outcomes include beller educational performance. improved social actThiity. increased employability and stable relationships. These outcomes lead to improved lrfe choices and skills of independent living and reduced dependency on others. Vision, Mission and values YMCA Lurgan, has continued to develop the vision, mission and values agreed in 22123. Our vision is a town where young people. their families and the whole Community flourish in body, mind and spirit. We do this through our mission of creating an inclusive space where everyone feels welcomed, accepted and inspired by social Justi and peace, and by providing life enriching opportunities for young people within the Lurgan community. through the many pregrammes and projects we offer. YMCA Lurgan interprets the YMCA movement foundational slalements for the present times as a desire to demonstrate Christian Social Action in local communities as noted in our core purposes. by promoting programmes focusing on youth development. healthy Iwing and community engagement in the following ways. Youth Development including all young people regardless of race, ethnicity. religion. income or gender encouraging young people to engage in non-formal education & reach their potential respecting the contribution of young people in the design of programmes & govemance of the organisation Healthy Living & education- promotion of healthy living including emotional and mental wellbeing through our services, activities and programmes striving lo meet the needs of young people in a holistie way reating safs spaces where issues can be explored $ignposling young people to specialist services where necessary Community Engagement Promotion of community engagement and actNe cillzenship for young people, families and other adults for the purpose of family support, improving ¢ommtsnity relations and ac*ive eillzenship harnessing the resources of local communities to help meet the needs of young people working collaboratively with families & other oiganisations
Lurgan Young Men's Christian Association IA company lirnited by guarantee, not having a share capltsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 working forjustice and advocating wf(h and for young people & their needs Review of Activities, Achigvements and Perfomiancg OUT Strategic Atrns for 23124 were as follows- Youth Development- To provide excellent personal and social development opportunities for young people, particularly those who face barriers to their development. Community Engagement- Support the delivery of programmes which promote good community relations and community cohesion Human Resources-To ensure that YMCA Lurgan has the staff and volunteers to achieve ts plans and they Are effectively managed and given the opportunity to develop Income Generation - To ensure that YMCA Lurgan generates sUffiCnI income from o diverse range of sources lo achieve ils plans Communications - To increase awareness of YMCA Lurgan and ils work and to effertively promote ils programmes Governance - To ensure the governanee of YMCA complies with the requirements of the law and best practice Actioning these aims was met through the delivery of oui Youth Work programmes. as well as our Community Engagement programmes as outlined below Youth Work Provision During the 23124 period, there were 5 funded youth WO programmes delivered. These included our Core YoLslh Work Provision. Youth Cultural Expression and Planned Intervention programmes funded through the Education Authorty, a Neighbourhood Renewal project funded through the Department of Communiiies and the contsnualion of the Independent Living Programme funded through the Southern Health and Soaal Care Trust. YMCA Lurgan continues lo deliver high quality youth provision. We work alongside partners including social services, other local voluntsry and slatulory organisations. PSNI. PCSP, ABC Council, local schools and Churches to ensure that our youth provision is needs based and complementary. EA Core Youth Wortf owsion YMCA Lurgan provides EA Funded youth provision over 4 nights a week. During the year, the provision included four weekly generic drop in youth club sessions, and a further weekly sessions which offered more tsrgeted programmes for smaller groups. based on identified needs. Our drop in sessions provide safe spaces to encourage young people to have fun. build positive relationships and lo participate in different and maybe new activities. We also delivered a variety of projeds throughout the year alongside our generic provision which have enabled young people using our selv1$ to avail of many different opportunities impacting upon their knowledge and understanding of issues and topics that affect them. All ol our targeted programmes were developed following a neetjs assessment with our membership at the end of the previous year which, along with the Local area needs assessment helped to determine the key issues of con as well as highlighting
Lurgan Young Men's Christian Association IA company lirnited by guarantee, not having a share Capttall TRUSTEES. ANNUAL REPORT foi the financial year ended 31 March 2024 any gap in our provision.. Focused projects. like the Young Leade¥s Programme. have helped young people to develop essential life & work skills while also benefiting from giving back to an organisalion they care about. This programme provides pathways for young peop to grow & develop while nurturing the wider YMCA Comm(tnity. As identified in an EA moderation report which met 'outslanding standards. _ 'There is a strong CRED aspect to allprogrammes that Is reflected in a diverse membershlp. volunteerand leader team. (May 2023) Other project funding secured enabled us lo deliver a further 2 programmes lo Complement our Core Ea programmes. these were- Rise Pro The Rise Programme which was ftjnded through Planned Intervention funding. supported an inlergeneralional programme with the local Menshed proje, resulting in young people building flower planters for a balcony overlooking a main public walkway in the town cenlre. This project supported a new partnership & successful collaborative working, whilst strategically incorporating equality & inclusion in our deusion of who to partner with. The project also provided a skill based learning experience for the young people involved providing an opportunity for them to achieve, progress, build life skills & have an enriching experrence that is championed and show cased for the local Community. Peer Mentorin ramme As a result of Neighbourhood Renewal funding. we were able to run a Peer Mentoring programme for emerging young leaders. For most of this group, this was the first slep in their'leadership. journey. Young people reported an increase in Confiden following completion of the programme. and tslked about having more positive relationships with their peers. nite Summer Pro ect Following a Suc$$fUl Youth Cultural Expressions funding bid, we were able to work with a group of young people in Mourneview over the summer period. The proje¢t covered topics such Community and what it meant to them as young people. Communty relationships and working together, Values and Beliefs as well as Culture and idenllty. Indepgndgnt Livlng Programme IILPJ Over the past year. YMCA Lurgan coordinated the 6th Independent Living Programme in partnership with the SHSCT Short Breaks Scheme with Childn,$ Disability Services. The programme suppgrts the themes of exploration and personal growth with the key focu5 being on the core outcome areas of Social Development, Personal Development and Independent Living Skills wf(h young people who have learning andlor physical disabilities. The programme look place weekly each Tuesday tjuring term time, with a more intense week-long summer scheme delwered in August. Added to this, monthly Saturday sessions were deliveTed a5 well as an overnight residential
Lurgan Young Men's Christian Association IA company Ilmlted by guarantee, nol havln9 a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 The overall aim of this programme is lo a support partiapanls, lo develop their independent living skills by Increasing young people's participation through personal and social development aetivilies Improving the young people's ability to work as a team and socialise with others Supporting the development of life skills to enable the young people to be more independent, and Increasing the yourtg people's posil¢ve wellbeing and personal 1e5ilien. Young people who partiapaled in the programme, reported baek that they had enjoyed the programme, that they had learned new skills and had tried activities which they didn't think they would have before joining the programme. Parents reported a high level of satisfaction with the programme. Aneedolal feedback from Social Workers and staff from the Children's Disability Team. was also extremely positive throughout the programme. Communlty Engagement With support from ABC council as well as Awards for all Funding through the Community Fund, we were able to open our doors even wider to the local community. YMCA Lurgan was able lo continue ils provision of programmes and access to services for the wider community over the year with activities including. Activities which included the faalitation of community days including a coffee morning and a Christmas Famity Fun Day. Both of these events were free to attend for any members of the public and as part of the Christmas Fun day. free refreshments and arts and crafts activities were provided wf(h all children and young people present reIving a Christmas psent and goodie bag. We also supported the ABC Rising Star community event by hosting Danane crafts. puppet and storytelling events organised by the council. providing refreshments for all who attended. As part of our continued Stakeholder engagement plans throughout the year. YMCA Lurgan hosted and p8rtieip8ted in the ABC Council Carnegie Street Engagement and Lurgan Town Working group meetings as part of the Rising Star town event planning. We also facilitated local youth providers meetings throughout the year with the aim of sharing practice and awareness of youth issues in the area. During March. stakeholder surveys were circulated lo assist in the planning of our work for the 24125 yr period. Throughout the year. oui Iiaining programme, open to other community groups in the town, inc]uded First Aid, Safeguarding and ACE'S training. We also hosted the delivery of OCN Level 3 in Youth WorklGood Relations in partnership with Youthlink Nl. whilst providing support for 2 of the participants involved lo wmpkle the practice element of the course through volunteer plaeemen15 . Volunteering remains a key element of our programme. This year we have provided opportunf(ies lo support young people to engage in volunteering through our Young Volunteer and Peer Mentoring prograrnmes. whilst support for adult volunteering and provision of volunteering opportunities continues, with over 17 adult volunteers engaging in the 23124 period.
Lurgan Young Men's Christian Association IA eornpany limited by guarantee, not having a share capitsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 Supporting local community groups such as the local historical soaety lo deliver a talk on a World War RAF Veteran from Lurgan and a local craft club -'Crafters Delight, who use the building on a fortnighlly basis.our building was also available throughout the year for other groups. ensuring that the ntre remains accessible lo those from all parts of Lurgan, across all age groups. Atl of these activilyès. alongside the launch of our new website - www. of the organisalion and develop stronger community partnerships. mcalur an.o helped us to raise the profile Achlevements and Perfomiance Ovei 23124, we have had many highlights. in¢luding An increase in leadership pathways for young people through peer mentoring. young leaderslvolunleering programmes as well as the continuation of the YMCA Lurgan Internship programme. The building of a strong youth voice across our membership using the Lundy Model of participation and through the use of creative methodologies such as podcasting - Let's Talk about Y, The increase in participation of young people across different communities in the town. young people from different cultures, young people in the care system as well as young people wi(h different abilities. However, one very notable hwhlight was that of our Education and Training Inspection{ETII report whith was published in January 2024. The robust inspection process, following the new ETI pilot scheme, took place in November. with observations taking place during all face to face sessions, as well as focus group meetings with stakeholders including, communty and statutory partners parents and young people as well as staff and volunteers. Inspectors also considered the governance and strategic planning of the organisalion and how it promoted a community of learning. The report was published in January 2024, identrfied several areas of 'highly effective practice frorn which others mayleam,. Slating that YMCA Lurgan is providlng hlgh quallty, Inclusive youth work for the young people of the area. Working with theirmembers the staff have developed and embedded a clear vlslon which is facilitating the young people to be welcomed into a safe place ofdiversity, inclusion andacceptance. Through a youth and community-led approach. the staff create opportunlties for the youngpeople to grow and develop skills ft)r life.. Young People spokg about how constructively they are listened to and responded to, ensurlng that their views are valued and make a difference. The young leaders and volunteers talked about the transformative impact that youth work has had on them. They spoke about belng change agents. being participants in the international development and soclal justice forum for young people. improving the local environmen( raising money and supplies for those in need. giving back and bging an integral part of the communlty.. {ETI Report published Jan 20241 10
Lurgan Young Men's Christian Association (A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT
for the financial year ended 31 March 2024
Financial Review
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, The Department of Communities, TNL Awards 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 services without such support and assistance.
Financial Results
At the end of the financial year the company has assets of £1,913,611 (2023 - £1,945,515) and liabilities of £201,673 (2023 - £231,753). The net assets of the company have decreased by £(1,824 ).
Reserves Position and Policy
Reserves Policy
The Reserves Policy continues to aim towards a free reserves target amount of £50,000, which better reflects the level required for an organisation of our size.
The Trustees feel that this level of reserves is essential to enable the Charity to continue to provide its activities for the foreseeable future. The Reserves Policy is an integral part of the charity's planning, budget and forecasts.
Trustees
The trustees who served throughout the financial year, except as noted, were as follows:
Kathryn Louise Bateman Simon Averley Brown David Henry Crawford George Nesbitt Emerson Norman Colin Emerson Ian Matthew Thompson Vanessa Thompson Michael Kakuru Michael Gerard Lavery
Compliance with Sector-Wide Legislation and Standards
The company engages pro-actively with legislation, standards and codes which are developed for the sector. Lurgan Young Men's Christian Association subscribes to and is compliant with the following: The Companies Act 2006
The Charities SORP (FRS 102)
· Approved by the Board of Trustees on C� 5 C • 1 'l.�nd signed on its behalf by:
GeorgeN Trustee
11
Lurgan Young Men's Christian Association IA ¢ompany limlted by guaranteg, not having a share capltall STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2Iy24 The Iru51ees. who are also dlreclors of Lurgan Young Men's Christian AssoclatSon for the putP05es of company law, are responsible for pparing the financial slalements in accordance with applicable law and regulations. Company law requires the Irusle85 as the directors to ppa financial slalements for eaGh financial year. Under that law the Iruslees have elected 1¢ prepare the financial statements in accordance with United Kingdom Generally A¢cepted 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 Enlilie51. Under company law the Iruslees must not approve the financial slalements unless they are satisfied that they give a true and fair view of the slate 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 quired to.. select suitable accounting policies and apply them consislenlly.. make judgements and estimates that are reasonable and prudent., slate whether the financill slalemenls have been prepared In accordance wlth the relevant financial reporting framework. identify those standards. and note the effect and the reason5 for any material departuJE from those standards,. and prepare the financlal statements on the going ¢oncem basis unless 11 Is Inappropriate lo presume that the company will continue in operation. The Iruslees confinn that they have complied with the above requirements in preparing the financial statements. The Iruslees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy al any lime the finanGial position of the company and enable them lo ensure that the financial slalements comply with. They are also responsible for safeguarding the assets of the company and hence for taking ftasonable steps for Ihe prevention and detection of fraud and other irregulaAlies. Approved by the Board of Trustees on and signed on Its behalf by: George Ngsb Trustee Em on 12
Lurgan Young Men's Christian Association {A company limited by guarantee, not having a sharè capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF LURGAN YOUNG MEN'S CHRISTIAN ASSOCIATION We have examined the financial statements of the company for the financial year ended 31 March 2024, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Accounll. the Balan Sheet and the related notes. Respective responslbilities of trustees and examlner The companls trustees (who are also the directors of the company for the purposes of company law} are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The company's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to.. examine the financial ststemenls under section 65 of the Charities W. follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9llbl of the Charities Act- and slate whether particular matters have come to our attention. Basls of independent examiner's report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordanee with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial slalements and seeking explanations from the tiuslees conmIng any such matters. The procedures undertaken do not provlde all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'true and fail view and the report is limited lo those matters sel out in the slalement below. In connection with our examination. no matter has come lo our attention which gives us cause to believe that in, any material respect.. accounting records We not kept in accordan with section 386 of the Companies Act 2006 the financial slalements do not accord with those accounting records the financial statements have not been prepaied in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporttng Stsndard applicable in the UK and Republic of Ireland {FRS1021 there is further infomialion needed for a proper understanding of the accounts to be reaehed. Independent examinerfs statement We have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this port in order to enable a proper understsnding of the financial slalements to be reached. DA & COMPANY LTD Ch d Accountants 4 Carnegie Street Lufgan Co.Armagh BT66 6AS Northern Ireland Date: .... 13
Lurgan Young Men's Christian Association IA company Ilmlted by guarantèè. not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Incomè and Expenditure Account) for the financial year ended 31 March 2024 Unrestrlcted Restricted Funds Funds 2024 2024 Total Unreslricled Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Incoming R9sources Voluntary Income Activities for generating funds Other income 47.699 2.677 138.370 186.069 2,677 47.683 38.265 145.262 192.945 38.265 61.210 61.210 35,191 140 35.331 Total incoming resources 111.586 138,370 249,956 121,139 145.402 266.541 Resources Expended Charitable activities 104,328 147.452 251.780 107,901 137,360 245.261 Net incomingloutgolng resources before transfers 7,258 19,0821 11.8241 13,238 8,042 21,280 Gross transfeis beeen funds 12,474) 2,474 Net movement in funds for the financial year 4,784 16,608} 11,8241 13.238 8,042 21,280 Reconeiliation of funds: Total funds beginning of the year 16 167.656 1,546,106 1,713,762 154.418 1.538.064 1.692,482 Total funds atthe end of the year 172,440 1,539.498 1.711,938 167,656 1,546,106 1.713.762 The Statement of Financial Actlvits'es includes all gains and losses recognised in the financial year. All income and expenditure relate lo continuing activitie$. 14
Lurgan Young Men's Christian Association IA cornpany Ilmlted by guarantee. not havlng a sharè capilall Company Number: N1063094 BALANCE SHEET as al 31 March 2024 2024 2023 Notes Fixed Assets Tangible assets Inveslmenls 1.827.293 348 1.852.557 10 1,827,641 1,852,905 Current Assets Debtors Cash at bank and In hand 11 17.521 68,449 10.264 82,346 85.970 92.610 Credltors: Amounts falllng duo Wlthln ong year 12 (53,447) 150.0661 Net Current Assets 32,523 42,544 Total Assets less Curront Liabilities 1.860.164 1,895,449 Creditors Amounts falling due after more than one year 13 (148,226) 1181.6871 Total NgtAssets 1,711.938 1,713,762 Funds Restricted funds Designated funds (Unrestricted) General fund lunreslricled) 1,539.498 34,555 137.885 1.546.106 34,555 133,101 Total funds 16 1,711.938 1,713,762 These financial statements have been piepared in accordance with the special provisions relating to small companies within Part 15 of the Companie5 Aci 2006. For the financial year ended 31 March 2024 the company was enlitleEI to exemption from audit under section 477 of the Companiès Act 2006,. and no notice has been deposited under section 476. The trustees confimi that the members have not qUired the company lo obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2008. The Iruslees acknowledge their respon$ibililies 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 state of affairs of the company as at the end of th8 financial year and of its profil and loss for th8 finan¢ial year in accordance with the quiremenls of sections 394 and 395 and which otherwise comply with the requiTemenls of the Companies AGt 2006 relating lo financial slalements, so far a$ appllcable lo the company. The financial statements have been prepared in accordance with the provisions applicable lo companle5 subject to the small companies, regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" applyirtg Seellon 1A of that Standard. Approved by the Board of Trustses and authorised for Issue on behalf by qkn and slgngd on its George Nes Trustee ttE on 15
Lurgan Young Men's Christian Association {A company limi¢ed by guarantee, not havlng a sharè capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year erkded 31 March 2024 GENERAL INFORMATION Lurgan Young Men's Christian Association is a company limited by guarantee incorporated in Northem Ireland. The registered office of the company is 4 Carnegie Street, Lurgan. Co. Armagh, BT66 6AS. Northem Ireland which is also the principal place of business of the company. The financial slalements have been presented in Pound 1£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are eonsidered material in relation lo the charity's financial stalemenls. Basis of preparatlon The financial slalemenls have been prepared on the going concern basis under the historical cost convention. modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As pemiitted by the Companies Act 2006. the ¢ompany has varied the stsndard fomials in that act for the Statement of Financial Activities and the Balan Sheet. Departures from the standard fomals are to comply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. Statement of compliance The financial ststements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practiee ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Incoming Resources Voluntary income or capitsl is included in the Slalement of Financial Activities when the company is legally enliued lo it, its financial value can be quantrfied with reasonable certainty and there is reasonable rtaInty of its ultimate receipt. Enlitlemenl lo legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been mel. Al other income is accounted for on an accruals basis. Resources Expended All resources expended are a¢Unted for on an accruals basis. Charitable activities include costs of seNiees and grants, support costs and depreciation on related assets_ Costs of generating ftjnds similarfy include frjndraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata lo the staffing of the relevant servrce. Finan, HR. IT and administrative staff costs are directly attributable lo individual activities by objective. Governan costs are those associated with ¢on51ilutional and statutory requ1MentS. Tangible flxed assets and depreciation Tangible fixed assets are slated al cost or at valuation. less aceumulaled depre¢iation. The charge lo depreciation is ¢alculaled to write off the original cost or valuation of tangible fixed assets. less their estimated residual value. over their expected usefvl lives as follows.. Land and buildings freehold Fixtures. fittings and equipment 2% Straight line 25% Straight line Investmgnts Investments held as fixed assets are slated al cost less provision for any permanent diminution in value. Income from other financial fixed asset investments together with any related tax credit is recognised in the income and expenditure account in the financial year in which it is receivable. 16
continued Lurgan Young Men's Christian Association IA company Ilmlted by guarantèe, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 Debtors Debtors are recognised al the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received al financial year end, is included in debtors. Cash at bank and in hand Cash al bank and in hand comprises ea5h on deposit at banks requiring less than three months. notice of withdrawal. Taxatlon No current or deferred laxalion arises as the company has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. Penslons The company operates a defined contribution pension scheme for employees. The assets of the Scheme are held separately from those of the company. Annual contributions payable lo the company's pension scheme are charged lo the income and expenditure account in the period lo which they relate INCOME DONATIONS AND LEGACIES Unrestrlcted Restrlcted Funds Funds 2024 2023 Grant Income Donations & Gifts 7,919 39.780 138.370 146.289 39.780 150,262 42.683 47.699 138.370 186,069 192.945 OTHER TRADING ACTIVITIES Unrestrlcted Restrlctsd Fund$ Funds 2024 2023 Fundraising Income 2.677 2,6TI 38.265 OTHER INCOME Unrestricted Restrlcted Funds Funds 2024 2023 Other income 61.210 61,210 35.331 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs other Costs Support Costs 2024 2023 Grant Funded Activities Other Programme I Project expenses 144,121 60,572 3.853 43.157 148,051 103,729 135,507 109,754 77 204,693 47.010 251.780 245.261 17
ontinued Lurgan Young Men's Christian Association IA company Ilmitèd by guarantee, not havlng a share capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 4.2 SUPPORT COSTS Charitable Actlvltles 2024 2023 Legal Fees Accountancy Costs Bank Fees & Interest Depreciation 1.026 2.550 17,886 25,548 1,026 2.550 17,886 25,548 2.160 14.601 25,478 47.010 47.010 43.141 ANALYSIS OF SUPPORT COSTS 2024 2023 Legal Fees Accountancy Costs Bank Fees & Interest Depreciation 1,026 2.550 17.886 25,548 2,160 14.601 25.478 47,010 43,141 NET INCOMING RESOURCES 2024 2023 Net Incomlng Resources are stated after chargingllcrediting): Depreciation of tangible assets Independent Examinerfs remuneration.. - independent examination ServIS 25.548 25.478 2.550 2,160 AMOUNT WRITTEN BACK ON INVESTMENTS 2024 2023 Amounts written off investments in prior financial years written back.. fixed assets 1631 EMPLOYEES AND REMUNERATION The staff costs comprise: 2024 2023 Wages and salaries Pension ¢osts 144.042 2,895 141,473 7.202 146,937 148.675 18
continued Lurgan Young Men's Christian Association IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 TANGIBLE FIXED ASSETS Land and Fixtures. bulldlngs fittings and freehold equlpment Total Cost Al 1 April 2023 Additions 2.022,915 157.386 2,180,301 At 31 March 2024 2,022,915 157.670 2.180.585 Depreciation Al 1 April 2023 Charge for the financial year 180.397 20.458 147,347 5.090 327,744 25.548 At 31 March 2024 200,855 152,437 353,292 Net book value At 31 March 2024 1.822.060 5,233 1,827,293 At31 March 2023 1,842,518 10,039 1,852.557 10. INVESTMENTS other Invgstments Total Investments Cost At 31 March 2024 348 Net book value Al 31 March 2024 At 31 March 2023 348 11. DEBTORS 2024 2023 Trade debtors PPaYmentS and accrued income 16,517 1.004 9.341 923 17.521 10,264 19
continued Lurgan Young Men's Christian Association IA company limited by guarantee. not havlng a share ¢api¢all NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 12. CREDITORS Amounts falling due wlthln one year 2024 2023 Bank Loans Taxation and social se¢urity costs Other creditors Accruals and deferd income 36,791 1.564 2.653 12,439 36,791 2.202 2,035 9,038 53.447 50.066 Current Security for Loans made can be summarised as follows '. 1. Danske Bank have a mortgage charge dated 114114 over the property at Camegie Street, Lurgan.. 2. Ulster Community Investrnenl Trust have a mortgage charge dated 1212116 over the property al Camegie Street. Lurgan., 3. Department of Education have a Deed of Covenant charge dated 1115112 over the propety al Camegie Street, Lurgan., 4. Inlemalional Fund for Ireland have a Legal Charge dated 2314112 over the propety at Carnegie Street, Lurgan.. 13. CREDITORS Amounts falling due after more than one year 2024 2023 Bank loan 148,226 181,687 Repayable in one year or less, or on demand (Note 12} Repayable beeen one and years Repayable beeen and five years Repayable in five years or more 36.791 36.791 101,435 10,000 36.791 36,791 110,373 34.523 185,017 218.478 14. PENSION COSTS- DEFINED CONTRIBUTION The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Pension costs amounted to £2,89512023- £7,202). 15. RESERVES 2024 2023 At the beginning of the year {DeficilllSurplus for the finan¢ral year 1,713,762 11,8241 1.692.482 21,280 Al the end of the year 1.711.938 1,713.762 20
continued Lurgan Young Men's Christian Association IA company lirnited by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 16. FUNDS 16.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrgstrictgd Restricted Funds Funds Totsl Funds Al 1 April 2022 Movement during the financial year 154.418 13,238 1,538,064 8,042 1,692,482 21,280 Al 31 March 2023 Movement during the financial year 167,656 4.784 1,546.106 16,6081 1,713.762 11,8241 At 31 March 2024 172,440 1,539,498 1.711.938 16.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Expenditure Transfers betsveen funds Balance 31 March 2024 Restricted funds Southern Health & Social Care Trust Education AulhoTity EA- IT EASR- Peace TBUC ABC Council Community Development Grant EA- Wellbeing Neighbourhood Renewal. Craigavon Awards 4 Al Building Cost Initial Funding EA-Planned Intervention EA-YCEP 2.013 19.085 16,274 13,484} 1,340 492 27 247 ,772 96.822 {442) 1271 12471 1.326 4,583 7,555 120) 4,030 156 4.429 4,186 4.429 7,776 1,533.729 9,110 1,533,729 4,458 9.043 4,458 9,047 1.546,106 138.370 147,452 2,474 1.539.498 Unrestricted funds Designated Fund - Loan Repayments Unreslrieled Free Reserves Non-cash Reserve Internship Funding 34,555 34,555 61.801 66.144 5,156 90.586 86,993 136.0571 42.404 18,821) 29.337 108,548 21.000 17,335 167,656 111.586 {104.3281 12,474) 172,440 Total funds 1,713,762 249,956 251,780 1,711.938 17. STATUS Lurgan YMCA is a company limited by guarante8 governed by its Memorandum and Articles of Association. In the event of the charity being wound up. the liability in respect of the guarantee is limited lo £1 per member of the charity. The liability of the members is Ilmiled. Every member of the ¢ompany undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the c051s, charges and gxpenses of winding up, and for the adjustment of the rights of the contributors among themselves. such amount as may be required. not exceeding £ 1. 21
18. CONTINGENT LIABILITIES Funding has been secured from a range of funders for the building project for the new premises in Lurgan. Some of these funders have claw back and reslriclive clauses in their letters of offer which would entitle them to a repayment of the fvnding provided lo the charity in the event that the charity ceased or the propety is sold within a specified time period. A definite amount cannot be confirmed in respect of this. 19. RELATED PARTY TRANSACTIONS During the year £774 was paid to Emerson Office Supplies Limited. a company in which one trustee, Mr George Emerson is a director. This amount was fully paid during the year and there is a balance of £186 outstanding at the balance sheet dale. 20. TRUSTEE REMUNERATION None of the Trustees received or warved remuneration for acting as Trustees of the charity during the current or prior finaneial year. 21. INDEPENDENT EXAMINERS FEE The Independent Examiner, Daly Park & Company Ltd. received a fee of £2.40012023 £2,160) for their work during the year.