Company Reglstration Number.. N1063094 Charity Number: NIC100606 Lurgan Young Men's Christian Association IA company Ilmlted by guaranto0, not having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Lurgan Young Men's Christian Association IA company limited by guaranteo, not having a share capital) CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities 10 Independent Examiner'5 Report 11 Statement of Financial Activities Balance Sheet 13 Notes to the Financial Slatements 14-19 Lurgan Young Men's Christian Association IA company limitad by guarantee, not having a share Capital) 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 Registration Number N1063094 Registered Office 4 Carnegie Street Lurgan Co. Amiagh BT66 6AS Northern Ireland Prlnclpal Address 4 Carnegie Street Lurgan Craigavon Co. Armagh BT66 6AS Northern Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Camegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland Principal Bankers Danske Bank 45-48 High Street Portadown Co. Armagh BT62 1LB Northern Ireland Lurgan Young Men's Christian Association IA company limited by guarantee, not having a share capitall TRUSTEES. ANNUAL REPORT for th8 financial year ended 31 March 2025 The trustees present their Trustees, Annual Report, combining Ihe Directors, Report and Trustees, Report. and tha unaudited financial statements for the financial year ended 31 March 2025. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice {SQRPI guid81in8s. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constilulion are known as members of the board of trustees. In this report the trustees of Lurgan Young Men's Christian Association (hereby referred to as YMCA Lurgan) present a summary of its purpose, govemance, activities, achievements and finances frjrlhe financial year 31 March 2025. The company is a registered charity and hanc6 the report and results are presented in a fomi which complies with th8 requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice {Charities SORP effective January 20151, the organisation has implemented recommendations where relevant in these financial statements. Structure, Governance and Management Structure Structure, Governance and Management. A. StruGture YMCA LLFrgan is a company limited by guarantee. The company is govemed by its Memorandum and Articles of Association and has been granted charitable status by the Inland Revenue (Ref No XN 793941 and accordingly is exempi from income lax, corporation lax and capital gains tax. It is also registered with the Charity Commission for Northern Ireland (Reg No 100606} and Companies House (Reg No Nl 0630941 B. Method of Election YMCA Lurgan is managed by a Trustee Board of Managemenl whose members are elected al its Annual General Meeting. In the 24125 period, the AGM took place on 10th February 2025. when Honorary Office Bearers were elected to serve Dn the Board of Management, including a Chairperson, Vice Chairperson, Treasurer and Secretary. M8mb8rs of the Board of Management Trustees are1isted previously under the Trustee's and Other Information section. The Trustees are also registered as Company Directors. C. Governance The Board of Management met on 10 occasions in the 24125 period for general Board Meetings and for its Annual AGM. None of the Trustees received remuneration for their seTvices. Day-to-day operational and programme delivery is the responsibility Df th8 Chief Executive and the operational staff team. As well as the monthly Board of Management meetings. a Financ8 subgroup meet on a monthly basis to review finances and to consider strategic finanGial operations and a Health and Safetylchild protectlDn subgroup me8t up to 2 timés par y8ar, to oversee compliance and reporting in these areas. Both subgroups report to and advise the full Managemenl Board at 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 against a YMCA Pay Scale. YMCA Lurgan also operate a workplace p8nsion scheme with Cushon Nl Ltd. In the 24125 period a 2.10 Cost of Living salary increase was awarded to all staff in accordance with YMCA Pay SGale decisions. Salaries were also benchmarked against the Minimum wages increase from April 2024. Volunteers As a voluntary organisation we recognise that at the heart of the organisatlDn are our 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 its activities. In the 24125 approximately 15 volunteers (including Trustees) were involved with YMCA Lurgan in fundraising, programme delivery and strategic management. As part ol 'growing our own leadership" strategy. w8 hav6 also continued to engage approximately 15 young people (aged 15- 17 years) in regular weekly volunteering opportunities. 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 2025 D. Risk Management Th8 Board of Management has assessed the major risks to which the company is exposed, in particular lo the operations and finances of the Charity and is satisfied thal systems and procedures are in place to mitigate our exposure to 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 to summarise the threats, actions or events that might adversely affect the organisation's ability to achieve ils objectives. As such Trustees seek to avoid unnecessary risks and mitigate against those risks which inevitably arise because of our programma activities. Vision Objectives & Activities In setting our objectives and planning our activities for the year, the Trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit lo ensure that the activities have helped to achieve the YMCA'S purposes and provide benefit to the beneficiaries. Public Benefit Statement YMCA Lurgan is a Christian faith-based organisation and - although the advancement of religion is not an expressed purposg all purposes are an expression ot Christian principles through 'social action,. Th8 YMCA offers a comprehensive range of opportunities lo its beneficiaries and meets the 'Public Benefit, reqLtirement as follows.. Purpose l - in (he provision of eduGation The direct benefits attributed lo this purpose include improved educational attainment and social inclusion through 'non-formal' education. As a result, the physical, mental and spiritual capabilities, competences, skills and understanding of the beneficiaries are improved. These benefits are tangible and can be demonstrated in, for example, through support for learning, person and social developmental activities for young people, the gaining of leadership skills, engagement in active citizenship, the development of thinking skills, life skills, and employment skills. This is evidenced by the feedback from participants., dats 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 experiencing social exclusion. Purpos8 2 - promot8 healthy living The benefits attributed to this purpose include reduction of personal ham) lo individual participants, reduction in anti- social behaviour, improved personal knowledge, health awareness and personal self-conf1dence 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 activities. The worf( 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 recorded through practitioner and participant feedback and interagency review. Purpos8 3 - promote communily 8ngag&ment The YMCA recognises young people do not liv& in isolalion from family, community and other institutions in society therefore the b8nefits from this purpose consist of increased opportunities for volunteering and active cilizenship, increased support for community activities. improved community relations and racial hamony and reduced sectarianism. The tangibl8 benefits are d8monstrated by increased family and community activity, increased dialogue across community divides, the training of volunteers and feedback from volunteers, leaders, other stakeholders e.g. schools and participants. We also promote community engagement through social action and inlergenerational programmes with young people and through inviting other community groups to make use of our building and to partner with programmes. 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 better educational performance, improved social activity, increased employability and stable relationships. These outcomes lead lo improved life choices and skills of independent living and reduced dependency on others Vision, Mission and Values Lurgan YMCA'S vision is a town where young people. their families and the who18 community flourish in body, mind and spirit. We do this through our rnission of crealing an inclusive space where everyone feels welcomed, accepted and inspired Lurgan Young Men's Christian Association IA company Ilmlted by guarantee. not havlng a share capltall TRUSTEES, ANNUAL REPORT for the financial year 8nded 31 March 2025 by social justice and peace, and by providing life enriching opportunities for young people within the Lurgan community, through the many programmes and projects W8 offer. YMCA Lurgan interprets the YMCA movement foundational statements for the present tiTnes 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 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 to engage in non-formal education & reach their potential respecting the contribution of young people in the design of programmes & govemance ofthe organisation Healthy Living & education promolion of healthy living including emotional and mental well being through our services, activities and programmes striving to meet the needs of young people in a holistic way creating safe spaces wh8re issues can be explored signposling young people to specialist services where necessary Community Engagement Promotion of community engagement and active citizenship for young people, families and other adults for the purpose of family support, improving community relations and active citizenship harnessing the resources of local communities to help meet the needs of young people working collaboratively with families & other organisations working for justice and advocating with and for young people & their needs Achieving our mission and vision is furthèr dependent on.. Partnership Working.. we recognise the opportunities to share and leam from being not only part of the national and international movement of the YMCA, but also the opportunities availed of us as being part of a community and the organisations that we aim to work alongside to improve the lives of those we work with. Revlow of Actlvlti88. Achievements and Performance Our strategic Aims for 24125 were as follows.. Youth D8V8lopm8nt- to deliver measurable and effective services for those who angag8 Wlth us and to ensure participants are engaged in decision making. Community Engagement- Support the delivery of programmes which promote good community relations and community cohesion Human Resources -To build the capacity of staff and volunteers to achieve its plans whilst being given the opportunity to develop, Income Generation - To promote greater income diversity to become more self-sufficient while raising the organisation's profile Governance - To ensure the effective govemance and management systems Lurgan Young Men's Christian Association IA company Ilmited by guarantee, nol havlng a share capltall TRUSTEES, ANNUAL REPORT for the financial year end8d 31 March 2025 Significant Activities, Achievements and Performan¢e Throughout the year. we have observed and continued to respond to the complex needs and issues that arise with the young people we work with, and which often have an adverse impact on their health and well-being, limiting their ability to engage fully with their peers - both in and outside of school. YMCA Lurgan is a safe welcoming environment which supports young people to develop in confidence, be part of'community, and which provides'opportunity for all, to participate. During the 24125 period, there were 6 funded youth work programmos delivered. These included Core Youth Work Provision - funded under the Education Authority Youth Service Local Area Funding stream Horizon's Partnership Project- funded through the Education Authority as part of the Department of Education 'Fair Start, action plan. No More Risky Business project funded through the Department of Communities, Neighbourhood Renewal funding stream. Independent Living Programme funded through the Southem Health and Social Care Trust, and Empowerto Transform (E2TI, part ofa YMCA Ireland (Lead Partner) in a Regional Programme funded through SEUPB. EA Core Youth Work Provision This year, we have navigated periods wilhoul a full-lime Youth Work Manager and a reduced staff team to successfvlly deliver an excellent seNice for young people, whilst showcasing the positive impact of this work. During the year, YMCA Lurgan provided youth club provision over 4 evenings and two aftemoons each we8k. which include four 'drop in, youth club sessions, open to young people aged 9-18yrs, offering safe spaces for fun, positlV8 relationship-building, and increased opportunities for young people to participate in various activities. These entre based youth club sessions deliver on the Model Of Effective Practice for Youth Vvork with the central theme of Personal and Social development being at the heart of our youth work practice, embedding the core principles of a commitment to preparing young peopla to participate in 8V8ryday life, providing situations for young people to explore their own values and beliefs and promoting a welcoming space which promotes an acceptance and understanding of others. bNo themed group work sessions, Ytime'.MyTime (for ages 10-13yrsl and My Space {ages 14+} which offered mDre targeted programmes covering topics such as diversity and good relations, social action projects, health and well-being and risk-taking projects such as drug and alcohol awareness. Focused projects, like the Young Volunteers Programme, provided young people aged 15-17yrs with opportunitiès to engage in youth work, and develop essential skills for lif8 and work. Young people had the opportunity lo complete an OCN Level 2 Award in Diversity and Good Relations, as well as social action projects which helped them to 'Give Back, to both the YMCA and their local communities, Resilience and Well Being projects, inter- club activities, 'How to, skills programmes, Creative and Healthy spaces projects, and many more. Designed with young people, and based on identified needs, these youth work sessions engaged over 280 young people, with sessions being delivered for 48 weeks of the year and focused on the promotion of develDping knowledge, skills and understanding of all who attended. Horizons Leadershi Pro ect For the delivery of this programme, YMCA Lurgan partnered with Taghnaven Youth Club la local statutory youth centre}, as part of a regional EA opportunity. Fourteen young people from across the town are participating in a yearlong leadership programme which started in July 2024 and will run until September 2025. Through the life of the project, they will complete a series of modules including, belonging to our community, leadership and youth work qualifications, community social action project, social 6nt8rprise leaming as well as an intemational element to end the programma, with a rasidèntial in France. To date participants have engaged in a residential lo meet with participants from the other Horizon's programmes across the region, taken on volunteering hours as well as planned and delivered a Christmas fun day for young families identified through the local Surestart project. They are currently wort (163) 2,677 OTHER INCOME Unrestrlcted Restrlcted Funds Funds 2025 2024 Other incoma 62,771 8,721 71,492 61,210 EXPENDITURE CHARITABLE ACTIVITIES Dirèct Costs other Costs Support Costs 2025 2024 Grant Funded Activiti&s Other Programme I Project expenses 155,233 56,652 1,920 41,909 157,153 98.561 148,051 103,729 211,885 43,829 255,714 251,780 15 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 2025 ANALYSIS OF SUPPORT COSTS 2025 2024 Legal Fees Accountancy Costs Bank Fees & Interest Depreciation 1,194 1,920 14.893 25,822 1 ,026 2.550 17,886 25.548 43,829 47,010 NET INCOMING RESOURCES 2025 2024 Net Incoming Resources are stated after chargingl(crediting>'. Depreciation of tangible assets Deficiulsurplusl on disposal of tangib18 fixed assets Independent Examinerfs remun8ration'. independent examination services 25,822 42 25,548 1,920 2,550 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2025 2024 Wages and salaries Pension costs 132,506 6,275 144,042 2,895 138,781 146,937 TANGIBLE FIXED ASSETS Land and Fixtures, buildings fittings and freehold equipment Total Cost At 1 April 2024 Additions Disposals 2,022,915 157,670 1,252 {134,284) 2,180,585 1,252 (134,284} At 31 March 2025 2,022.915 24.638 2.047,553 Depreciation At 1 April 2024 Charge for the financial year On disposals 200,855 20,458 152,437 5,364 (134,2421 353,292 25,822 1134,2421 At 31 March 2025 221,313 23,559 244,872 Net book value At 31 March 2025 1,801,602 1,079 1,802,681 At 31 March 2024 1,822,060 5,233 1,827,293 16 continued Lurgan Young Men's Christian Association IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 31 March 2025 INVESTMENTS Other investments Total Investments Cost At 31 March 2025 348 348 Net book value At 31 March 2025 348 348 At 31 March 2024 348 348 10. DEBTORS 2025 2024 Trade debtors Prepayments and accrued income 46.422 1,090 16,517 1,004 47,512 17,521 11. CREDITORS Amounts falling due within one year 2025 2024 Bank Loans Taxation and social security costs Other creditors Accruals and deferred income 29,371 2.700 1,983 9,847 36,791 1,564 2,653 12,439 43,901 53,447 Current Security for Loans made can be summarised as fDIIows'. 1. Danske Bank have a mortgage charge dated 114114 over the propety at Camegie Street, Lurgan. 2. Ulster Community Invostment Trust have a mortgage charge dated 1212116 over the property al Camegie Street, Lurgan. 3. Department of Education have a Doed of Covenant charge dated 1115112 over the propety at Camegie Street, Lurgan. 4. International Fund for Ireland have a Legal Charge dated 2314112 Dver the propety at Carnegie Street, Lurgan., 12. CREDITORS Amounts falling due after more than one year 2025 2024 Bank loan 111.474 148,226 Repayable in one year or less, or on demand (Note 111 Repayable behveen one and bNo years Repayable bebNeen Iwo and fiv8 years Repayable in five years or more 29,371 29,371 72.103 10,000 36,791 36,791 101,435 10,000 140,845 185,017 17 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 2025 13. PENSION COSTS . DEFINED CONTRIBUTION The company operates a defined Contribution pension scheme. The assets oflhe scheme are held separately from those of the company in an independently administered fund. Pension costs amounted to £6,275 {2024 £2,895). 14. RESERVES 2025 2024 At the beginning of the year SurplusllDeficitl for the financial year 1,711,938 108,839 1,713,762 {1,824} At the end of the year 1,820,777 1,711,938 FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2023 Movement during the financial year 167,656 4,784 1,546,106 16,608) 1.713,762 {1,8241 At 31 March 2024 Movement during the financial year 172,440 109,445 1,539,498 (606) 1,711,938 108,839 At 31 March 2025 281,885 1,538,892 1,820,777 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2024 Income Expendlture Transf8rs between funds Balance 31 March 2025 Restricted funds Southem Health & Social Care Trust Education Authority ABC Council Community Development Grant EA- Horizons Neighbourhood Renewal, Craigavon Building Cost Initial Funding 1,340 21,908 21,247 2,001 99,160 9,639 102.105 9,639 2,945 7.814 8,524 4,652 12,953 3.162 4,429 1,533,729 1,533,729 1.539,498 147.045 150,596 2,945 1,538,892 Unrestricted funds Designated Fund- Loan Repayments Designated Fund- E2T Unrestricted General Unrestricted Free Rese￿eS Non-cash R8S8rvo Internship Funding 34,555 15,1841 29.371 16,998 185,510 9,514 89,047 1,803 (19,4711 9,287 76,992 29,337 128,455 8,443 29,337 108,548 19,907 15,000 6,557 172,440 217,508 105,118} {2,945} 281,885 Total funds 1,711,938 364,553 255,714 1,820,777 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 2025 16. STATUS Lurgan YMCA is a company limited by guarantee governed by ils Memorandum and Articles of Association. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its b8ing wound up while they are members, or within one year thereafter. for the payment of th8 debts and liabilities ol the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves. such amount as may b8 required, not exceeding £ 1. 17. 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 restrictive clauses in their letters of offer which would entitle them to repayment of th8 funding provided to the charity in Ihe event that the charity ceased or the property is sold within a specified time period. A definite amount cannot be confimied in respect of this. 18. RELATED PARTY TRANSACTIONS During the year £282 was paid to Emerson Office Supplies Limit8d. a company in which one trust8e, Mr George Emerson, is a director. This amount was fully paid during the year. George Emerson was also reimbursed for £4,150 by the charity during the year, this amount was paid by George to cover unexpected roof repairs. 19. TRUSTEE REMUNERATION None of the Trustees r&ceived or waivad remuneration for acting as Trustees of the charity during the current or prior financial year. 20. INDEPENDENT EXAMINERS FEE The Independent Examinèr, Daly Park & Company Ltd, received a fee of £2,160 {2024 £2,400) for their wotl( during the year. 19