Chjrlty R6glBlfatloTr No, NIC100901 Company Rfrolstratlon No. N1069370 (Northern Irelathdl LARNE YMCA IA company Ilmlted by guarantee and not havlng a Share capital) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LARNE YMCA CONTENTS Page Tm81ee8' r8porl 2-12 IndepèrKJenl audtèr'# report 13-14 Slalement of fiDancl81 aeUval 15 B8PoDce 5heot 18 Notes lo lh• financlal tslatsmenl$ 17-25
LARNEYMCA LEGAL AND ADMINISTRATIVE INFORMATION Trw8fe Mr R Tweed Mr R JAlexander MBE Dr Brian Dunn Mr8 Sally Lo•dtr Mrs F M Giay Mrs Laurg Sl¢d MrGarelh HamllloTr Mrs P 8radfey (Appolnled 1 Jvn8 20231 IApw)Inled 1 June 20231 {AppoIn 1 June 20231 MrsAE McAuley S•¢ro¢&ry Mr Oean Null Charlty numbor NIC100B01 Company nvmb•r N1069370 RgglsteTtrd oftt¢• 34A Pound Street, Larne Cc*Antrlm BT40 1S0 Audltor MB8 ¢hari8r8dAccouDtonla 3 Hlgh siieet Lom& Co. Anldm BT40 1JN 5ollcltors J W McNlnch & Son So1klloi¥ 2 Cross Slrael LARNE oAnlrim 8T40 1JP
LARNE YMCA TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2024 The Tw51ee$ prestrnllhek report8nd financlal slalemenls for thè yeareTrded 31 arCh 2024. Yh8 a¢¢ounl$ hav8 b&en prepaFed In 8¢cordance th th9 accounllng pollcbs 881 out ITh nola 110 Ihe accounts 8nd comply 1h lh• chad1$ Memorandum and ArtIGEe¥ ol A8socIaln. tha Companles Act 200& and 'AG¢ounling 8nd ReporflNJ by Charilb$'. Slalemenl of Récommended Pr1¢0 applkablè lo ch81iUè& weparfny thelr accounts in a¢cordan¢e wllh Ihtr Flnanclal Reporflng Standard Qpplicae In Ihè UK and Republloof lieland IFRS1021 leHecilv8 1 Jarwary 20151" The fin8nd81518lements have b&8n prepared In accordaNe vAih Iho accounllng pdlcl89 881 out In noie 1 to the finandgl Blglemenls and comply wilh Ihe ch8Fllls goveTnlng document the Compaoth Act 2006 and Accounllng and Roportlw by Chariiies.. Sialemeni of Recommended Pradte appllcablè lo thaiiitès preparfNJ Ihetr accounls In a¢c(Ydancè wlth Ihg Financlal Rèportlng Standard 8ppll¢able in the UK 8nd Fl8publlc of lielartd IFRS 1021 lèffeGllve 1 Janu8ry20191" Oblortfvos of tho Chaflly The ch8ri11È5 Memorandum gndAdl¢fe8, IM&AI. whh wér• orlgln8lly In 1972, were red and revlsed in 2019. The prfmary Aason5 fordolny Ihl$ wgre.'- 11 To add clarity #nd mak8 them more acc6sslbl& to usel8 thr¢h u88 of F4Èln Engllsh m8ke our purposel obhclfve8 as elear88 pos$lblt 21 To align L8rne YM¢A'$ Ihè M&A ol olher YMCA a58oclallDns lo bèller en8blgJoSnt prolect work and work In glher 98ographl¢al areas. 31 To ensura Ihal M Is ¢18ar Ihat YMCA seThl¢a# •nd pYol•c¢s 8ro opan 19 all Indivklual8 and that pgrc8lv8d barferg aré romoved. 41 Te enable memb8rshlpldlrocior roks lo bg open lo anyone overlhfj 8ge of 18 who In sympathy and ayroOS th Larne YMCA'S obiectlves. The th8rlly commi¥8bn provkjèd ¢onBonl lor Iha chpnlle IhB objec1$ on ihe 10 Mty 2019 reftrenc? nurnbar CVW191089 The ¢hariVw oble¢l$ 8rg'. l. To prode or assi$1 h tho provi$lon of educallon, for people of811 eges and In parllcularytsuno people, %*lh lh8 oblÈ¢l of d6veloplDg theph, mgnlal and $yrilual capaclll¥$. 2. To pmmole he8lU)y Ilv¥u Fncludlng ¢MoOnal. mental and splrMu81 well-belng through Ilw provlÈk)n ol hlormallon. educallon and •¢livilles. 3. To womole comtnunily engagement 8nd th152tn¥hlp, for young peopl8, Ihelr famS15&5 and other adult& foi Iha purpose offamlly support, ¢ommunlly r81811ons and acllve clllzenshlp. 4. To rel8 or as8181 In tho rellel of need axperfenced by people of hll age¥ and In pqrtlcular young people, wh Are In condillon8 of h8rdshlp or dlstrts¥ by re88on of Ihelr soclal. phy51cal, emolional, srItUal or economlc ¢5rcUmtsnCe$. The Trusièès have pald du9 regard Io guldanog Issued by tho Charity Comrnlsslon In deddlng what 8¢llvllle$ Ihe charily should und8rtak9.
LARNE YMCA TRUSTEES, REPORT ICONTINUEDIIINCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2024 A¢commodatstsn Lemè YMCA18 based at 348 Pound Straot, L4Tng In purp088 bull o¢tommodatlon whl¢h was con8lrucl8d In 2000.Age and Increased u$a have led lo gron9 repalr aTYl mahtenance demands. The Tru5tee$ Én$ui6 comp11ance wlih portoble appllance le$llng. fixed wlilng le5Ing and lesrg rl om8rgancy $ysl8ms. The preml8e$ Ènd acuvitses are approprf8tely Insured YAlh &r r8vl8wod and Amended 4$ ne4d bts on on annual b8sI Dlr8¢t b•nofl¢larl88 of Lllrrto YMCA The dlrecl ne1ClarIeS oILgmeYMCAare ¢hUdren and yovng peop18 8ged 4 yeprs and above. In Ihe m8ln they arè re8tdonl wSttyn Ihe leine atsa th a few trwallln9 from outs& the lovm boundary lo access P2rtE¢u18r proièds. Larno YMCAhès Ihr88 mpln areaB olaGllvlly'.. l. After Sd01 2. Aullsm support 3. Youlh Glyb Detells of benaffclgrfes output¥ durfny Iho poibd 1 Apill 2023- 31 Mpr¢h 2024 8r6 oulllned bolow.. Aft•r School•Alm of pro9rarnm•'.- To prode hlgh quality affordable chlld care lo chlldian 8g8d 14 yewr¥ ¢0 12 y8ar8 Prfmary 1 untll Ihe end ol PrimBry71 In 8 safe nurtyring envlronrnent. Obl?cllve# ol progrnmmg:. To provlda playoppDthJnrfle8 And play spaces for ¢hlldr8n and r880ur¢e$ undar all playtyp¢$. To glvo ¢ch child 8Y opportunHleB Unthrn8d by plwiorkvalu88 and pnpIeS and wovldp resources In an all Indu8fv& envlronmenl. Tts provld8 8rfordpNe ¢hlldcaro whll8 parenlslouardlans 8r8 worklng. To biild and Supporl thlldr8n'8 re¥lllon¢g and ern011•1 well belrvj 8nd prod6 r88ourc8s ITh all Iu80 envlronmenl. To prode a heallhy $nackand lookat nulrlllonal need8 In co0 act10S. To help ¢hlklren fed valued andsupport addlllonal n¢d$. Nts of sessbn$ déllvered 312 No of paib¢l ants 10.300 over 36 weeks ol Iha yeai beiween Aprtl 2023 March 2024 e rsngo 4-11112 yèa18 P110 P7 EvenlslProl•els complètèd In th1& pèrfod:. Dlsney on Ica Flee Ilmt Halloween Free Play Bugs and Bea8& Foolban Rolltrsk&le disco Rèle playlhoust corner Cooking Sènsory play Art Halloween. E8sler, Chrftstm89 WS -Odyssty Summer Fel• Coftee mornln QuallflcoltDn$ complfriod. l OCN'81 80slc Fth)J gnd hyglene Paedlatrlc fir81 gld Aub'&m Nl ChNd Protecllon
LARNE YMCA TRUSTEES. REPORT {CONTINUEDIIINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Young Leada¥8 and VolMnle8r prc¥Br#mme No ofvolunleerhours complated... Spaik programm& Consultatlon:. Who dld we consul11? Chlld18n, t•ff and paren18 y djd we niU? ews, lik8s and dSsllké$. rellecuon olchaTvJes How many GonlrfPARe(ri wi Èt dld we learn? Sp8Co 8t stowage hA8 b88n klerytlfled wlth il bolng 8 8harÉd bu1ng. QualllyA88uranc0:. Toys and 8qulpm?nl up to standard Ich8¢ked and clegnoddaly Play Opportunlllo• provlded In8p8cllon by NHSCT- Out5tsnding Tialnlng provlded byr#g81erf Iralnln9 provld8r8 Partnfrrshlp8:. Who do wa partnei wth? Eartyyegrs, ChIC8r¥ partnershlp, Norfh Heallh 8NJ SocL91 Care Tnjsl. ¢INI. Parenlglc8r8rs, a¢hools,Accas8 EM0YrnenI Le8Ynlng. olher pitsvldern. Chlld prote¢Uon team, Gateway. Play resource, PLgyboard. Llnn Prlm8ry School. Corran Prfm&iy School, Sl Anlhony's Prlmary schod, Prfm8ry SthorA, Lafne 8Th1 Invor Piimèty School, ST Ma¢N15sI's Prlmary School, L8rr F(thll Club, CBlmcasl1& Pilmaty School. YMCA Irol8TrJ aldOd0? Wa Ilal$o wilh soc1 woth•r8 lo Improve link8 between homo Nfe 8nd ¢hlldcar8. We worklth othèr or98nlsallon$ lo prowde adequatè up lo dats IralnlTKq for siatf. We seek advke il need from other org8n158llons. W8 lake feedback on boardto Impr ourwort and me8tlh& needs ol chKdren and young people. Wo compl*l¢d $18ff iralnlng pnaly618, Ihli hlghvghied that $ome of $laff eded lo rtsfie8h cNld prole¢tlon Ir81rt9, nis1 ald and partldp310 In pltywotk cour888. Th1& hA8 rb$8 ¢ompfel8d.
LARNE YMCA TRUSTEES, REPORT ICONTINUEDI{INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2024 ASPAITn of progiammo:. To provide hl9h qtsallly yoyjlh prOVith lo chlldron wilhtholllng lor 8 ASDIADklD Dlagno¥ls 8gad 4 par¥ to 18 y88r6 okl In a safe nurtuiing envlronMÈnl. Oblectlvgs of progr4mm•:. To craala a safe spa¢É foryoung peoplè 1hA$DIAoHD opportunlll&8 whlrh Ihty m8y not 9aln In m8lnstre8m provl¥lon One io onè supwrf Tr1e ixjlld 8odal sklllgAnd confidence No ofsossbns dled 239 No of rikipants 50 on Bvera 6aweek er•n 16-21 Ev8nt8 1 Prol&Gts tomplaled In th18 p•rlod..- Freè m. Halh)ween, Frt8 Play, Foolb811, Cooklng. Sensory play, Arl, lripto Slieamvolefarm, W5, Clnerna, Quaiinc6tlon# eompleted, l OCN'81 Paedlawc first ald Aull$m Nl Chlld Pfotsclk)n Staff complellng OCN Level 2 in Youth Woik Pract8 Youthg Leadors ond Volunteer programm8 No olwJlunl8er hours Com818d..-4 young peo8 galnlng 100+ hours Comned Key pieces ofwork l L8arnlng 8¢hl6vad'.- Young paopfe havo Gom8 out of Ihelr sh811$ because of Ihl& programme. IhBy havo g#lned ¢onThd8nc8 withln emsÈl¥es end also dweloped leadershlp tsklls abng lWty. Gonsullallon:. o dldwe consult wllh? Parent8, youThJ and siaff y dldwe Gorisu117 To 8lbwu& lo find out yvuny pèople's needs and lwa cBn bo818upporl Ihem. Howmany conlrfbulÈd?All al dld wa188rn? Identified young peopl8's need5, allowlng lo facllllala lar9eled wotk lo help. A6 lo see 8UPPOrt parenls 1811 Ihey ne&d&d and offer support where needed. lowed u$ lo find d5ffér6nt lurdng opportun5ets foi u$ lo 8pply to.
LARNE YMCA TRUSTEES. REPORT ICONTINUEDIIINCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2024 QualltyA8$ur4nco: Staff ¢gmplellrrfJ OCN L¢vel 2 In Youlh ¥tk Pra¢Us8 Parfnorshlps:. o dtswo parfnerwlth? Pe8cepFayers. ExleFn, St•rt 360, PS141, EduGpllon Authority, LlnT¥ Piimèry Schod, Cerfbn Primary sch(1, Sl Anthony¥ Prfmary Èthool, Moyte Prfmgry Schod. Lamo> gnd Inver Primary Schod. ST M8¢NlssI's Primgry S¢hDoI, Lain8 Football Club, YMCAlrelond, Vth81 dtswe do? W8 work other org8nl$èiion¥ lo provldè ad24uat8 w lo dalb Iralnlng for staff. We Seek #d1 n8ed8d from Olr vrgani88ilon$. takg fe8db8ck M bogrd lo Imwov8 ourwork and mÈel th8 need$ of ¢hlklren 8nd young ppople. Howdoe$ Ihk8 edd v8lu67 These partner8hlps add values by supporllng progr8Mmets. prtsvldhg fundlng opportunlllas, conlrfbullng 10 8rYl 188dlDg largel8d wogramme ses$fonts, Youth Club Alm of programm•'.. To provldo hlgh ql51Y youth provl¥bn whlch 1$ opgn and 8¢cag6lblt to all ywny peo& 8g&d &25 OblBcllv•8 olprogi•mmo: Tts piovlda a 9enèri¢ and 18rg6led youlh club b&88d provi¥1 *iih5n Ihg LameAr8a 0$ oulHned by iha EA Yo so¢@ FUndg opportunily Ntsof 8essbn8 dellwed 300 No of rt 1$ 175 on an avera eweek ron 5-25 Ev8tbl81 Prole¢ls complttad In ¢hl• perlod:. Culture week Envlrthmenlal and Outdoor learnlny Programmes Health and Wall bèlng programme-slatl 360 LaKrfulnes8 Progr8tnme- plzza PSNI Life SkRlts progrgmme Soclalknlbn Project Quallllcatlon$ corTrpleled, l OCN'81 Drugs 8NJAlcohol OCN- 12 youny people Aullsm Nl Chlw Prole¢bon Staff ¢omplellrKJ OCN Levol 2 In youlh work pratlFsB Yotsnp Lo4d•rs and Volunfeer programfftq No ofveluntÉeihour8 com1d..- 4,320 Kay 8¢?$ olwoFk Ilearnlng 8chleved'.- Youn9 people havé come out of Iholr sheN8 b8opuBe of th1$ progr8mm8. Ihtry hHv6 g&ln8d ¢Mfidenc8 1h emBelv8$ and 8180 developed teadeiship 5kllli along Iheway.
LARNE YMCA TRUSTEES. REPORT ICONTINUEDIIINCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 AIARCH 2024 Tery¥ted Programmes;. me No ol ses&lon$ No of èrtkl 8nl$ 13 19 16 20 oGi@IAGUon Health and WeKbaln Ufe SklM5 P ramme Mental Heallh Pro ramme L8wfulne8s PfQ ramm Awarenes8 iamm 21 on$ul¢aUon:. IMW dld wa yOg ptroplo, p•rnIC8f8rs v did wt con8uM? To halp u8 b¢lW underslpnd tha yotKbg peopEt'8 ne8ds end how we can beBi $upporf Ihem. How many conlribuled7NJI al dld 188Tn7 IdenlifiÈd young petspl8'9 neod$, albwlng UB lo f8dlllola tsig818d woik to hèlp. Ablo lo seè Support purents fdl Ihey need8d 8fKI offer support whèrtr needed. 10)¢d us lo llnd drff•rent fimdlng Opp)rtU15 lor u$ to appwlo. Quollty A8&tsrance:_ Staff compl¢iing OCN Level 2 In youth work pradlse Partrt•tshlp8:. Wno do partnerw51h? Peac8players, Exitrrn, Slarf 360, PSNI, Educalkin Authoirty, Unn Piim8ry Sthool. Cerr8n Prim&ry School, $1 nlhony'8 Prlmaiy $¢hool, Moyb Prfmary School, Larne and Inver Prfm8ry $th(K)I, ST Ma¢Nl861's Primary S¢hoDI, Larn8 FoolbHII Club, YMCA Ireland, I81 dowe do7 All partnershlp5 hèlp us promole thè Serv0 réferring ywng peopl8 wher8 Ihey féÉl 8pproprf3le. WO work wlh other oryanT8allong lo prov@ adeouala up lo ijale tralnlng for $laff. W8 8eek advltè W n8ed8d from olher organlsalk)nB. W8 lake feedback on bogrd to Improvo our work 8nd meet Ihe ne8ds ol thlldrén and younu P80pIe. How doè8 thls 8dd vBluè7 These p)rtnershSps 3dd v81ue8 by supportlng progrÈmmeB, piovkling fundlng opportun11, ionlribullrrfj io gnd adlnglorgèled programmg sots8lon6,
LARNE YMCA TRUSTEES, REPORT ICONTINUED}IINCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2024 ask•tb•llAlm ol PFogrimme:. To provide an all*mpll¥e 918s8root sport to Lame and tho SurroldIng #rea Oyecilv68 of pro9r8mm6'.. Erwyèyoung mal&s and Fem81e8 In 8PDrt Ewgg now young people not know lo Lamo YMCA No of se$$lons dellvered 120 No of arti¢l 75 nts range 5.17 Evonts I Proloet• compl8thd In ¢hl$ p•rlod:_ Trainlng 8ession¥ Match D8ys Fundralslng Qu4iificatlons ¢omploted, l OCN'BI 2 Co&che$ wmpbled Inboto coachlng ¢our8o Ihiough B86kelbBII Ireland 1 Ref8ré8 compLgled Intro lo refereelng coursg through 8asketball Ireland Targfytfrd Programm•¥:. Theme Jr NBA No ofse$sk)n$ No of arllcl nls Throu h Bask¢lball Nl Consultallon... o thd wè con¥ull wilh? Lo¢81 communlly and ¢thgr Bsskeiball clubs y dldwe consult? To $eB1111 wa8wanledlneeded wrfhln Larne and howwe 5houkl go about selilryj il dèllvorfw Ihl8 new provlsFon HoWmanyc¢bUIed?AII Wnal dId l¥rn? Wè lèarnl Ih81 Ilwould b6 cosltylo sotup wilh feo alc, and Ihal IhfrF8 wa$ 8 biq need for 8kernaUvo SPOFl$Mrylhln Larfie and Ihtr surroundhg are8 Pirtn•r•hlpB:. do w9 parfn9rlh? Cwran Court. Kihvaughler, In5plr& Gym L8me. 8gskelball Nvlrelano, PeatWayers. Exlem, Start 3SO, PSNI. EdallonAUth0T1Iy. Unn PrfmaryScho(A, Corran Pilmary School, SIAThihony's Prlmary school, Moylè Primary School, Laine and InverPrlmary School, STMacNltssi's Primary SchL)ol, Lorne Feolbgll Club, YMCAlrel8nd. al do wa do? Curian court spon80red ovrplayers klls, KIaughIer gav8 8 donabon loward8 runnlTrJ costs snd Inspiro Gym spontsored ¢oa¢hes kl18 2nd allowed u810 use Ihtirgym facllily once 8 weekfree ol charge. BBskelball Nlnr818nd h8lped Mrylh Ihe sèt upol Iho dub and provlsloD of Ihe JrNBA schools progr8rnm6. Evèryone else helps wllh pyomollon of iha $8Mce and r8ferrfng yovng people lo thè dub. How does Ihls add v8lu87 Helped us become mora knothv 8Dd gave Ihre8 P8rfner¥ sponsor&hlp opportunlllBs up and dowo Ihe eountry
LARNEYMCA TRUSTEES. REPORT ICONTINUEDI{INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Indlre¢tb•n8flclaTle$ ol Larn• YMCA PaiÈnlslc8rers, lèmllles and th bal communlty 8re Indirerl baneficl8rfe5 01 Larn&YMCA a$ followh.. Al P8renl$l[8ra and famllies.. provlsloD of 8dd511oro1 rtcre&Uon And Informal edutatlon opportUDWei for Ih61r thifdren and young pa08 a¥allablllty of $afè reuealk)nal space ouiskloth8 home newrn9 wilh other paren151carers opportunit8 lo partlcipala In evenls and &cll¥ille$ acces$ lo ofterschool GhKd¢8r8 en8iAiNJ them to work or siudy 8ccos$ lo ¥pe(xSuPPDrt In lthes of neod Bl Local communlty.. 8¥811abMily of fa188 for ¢hlldfen a1 yourKJ people In Ihg aa provl$lon ofcommunlly evehl&, volunleeilD9 ¢PPortu11e$. employment opportunilTas promotion ofcommurflyadlon and cmc prid• nefwotking %wlh olhef pthdw$, 51plulory agenckg$ • Conirlbullonfe work lTrder communlly through nern& and portner&hl $upport for olhar groups Furkdlng bodl Larna YMCA would Ilke lo18k8 ihls OPPOrtunlly lo Ih)nk th8 funde1¥ of Ihtlr programme$. Thay hAv& t)98n vary supportive overth&ye8is and hav8 activew engaged In dlseusslon lo thwov¥ dèlfvery program8. Publlc bon&fft$tatomertt The Dtreclorsl Truslees of Lamo YMCA wnfirm Ihal Ihey have complled wlh Ihetr duly under Chr185 Aci Imorthtrrn Irel8nd) 2008 (the ChÈri1I8$ Acll onrj Tha ChgDlles (Acewnls gnd Reports) Regulalbn8 INorthem Ireland) 2015 Ilhe Regulalbn$l lo Fiave iegaid 10 Ihe Charily Commlss4on's guldaftce on publlc bentfil 8TrJ Ihal Ihe public bènefil requlremenl has Infrmed the a¢111$ of Ihe Society in th8 ye8rlo 31 March 2024.
LARNE YMCA TRUSTEES, REPORT {CONTINUEDIIINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Flnènclal r•vlew The charily. $ incomq iecour$o for Ihe year amounl8d to £586,556 P023.. £438,794). Prthclpal 80urce¥ of fundlrwJ arè from gr8nlg and donailons. ThÈ OUlgoin9 8xpBDdilui8 lor the year 8munled lo £576.805 12023 £467,9181 The nel InconltvJs forlha yearamounled lo £9.75112023'. oulgdng £19,124). Thè Charily Is &xM09r8Ialul lo 811118 grant funders. whhoutwlwe support ymCAwod nol b• able lo a number of 11$ ad1vie8. GOING CONGERN Tha 8clfvllle5 of th8 InJsie¢s gre dep&ndÈnl on orwng contrbi ullons from bl8 rf*mbèts. Th9 TrLpsl8è$ are of Ih oplnk)n that Ihe Iruslo8¥ has Sufflent resouFc#s al Ihe dale of approv81 of these financ181 stslemenl8 lo meèt tommllmenlswhlGh will 8rf88 In Iheyear from Ihè dale of slgnlny this report and sublecl lo Ihtr tonllnulng 8UPP(¥t fNom memb8rs lo fund Th) an ongolng b8sls the truslg8'8 curfenl acuvllles and oihw financlal ¢ommllmenl$. RESERVES POLICY Th8 Tru8lees have ¢onÈk4er iha lèvèl of vnresirf¢tsd reseryes thal11 is appmprfatè to hohj I8n9 arcounl of Current and Lwlng eommltm8nls. 11 1$ Ihe pdl¢y of the Trustees lo hdd beh¥e&n three and monlh's normal èxpendilur8, thls ewale lo balween £46,494 8rKI £92,988. Al lh2 yeai-end unieslricled reservo$ wera £507.297 whkh repr8s8Dts a hEgh8r Ve1 of reserwes. The TNsle&$, htswever, ¢onÈlder il prudent lo hold resem8 al Ihls I&v81 a8 Ihe fundln9 of Ils pré$¢nl acuy1$ 1$ d¢peThlent of the ongdng financl81 support of113 funders. 10.
LARNE YMCA TRUSTEES, REPORT ICONTINUEDIIINCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2024 struclurO1 goverrtance and moDagem?nt Thè ¢harily Is a compaty Ilmlled by gU8r8niee and a¢c8plable a¥ charflabyè by HM ReveDu9 & Cu8fom¥ undèr releTen¢o XR22162. Tho ¢omp8ny wa5 Incorporaled on 28 M8y 2008. Th& ¢omp8ny wa8 e318blltsh8d under fj Memorgndum 0rAssleu0n whlch e¥t8blshed the oblects and power8 of Ihe company, and Is governtd by Il's Artlde$ ofA580dalion. The Tru518e$, who are 8180 Iho dliéctors forlha puiposg of company law, and who $eNed durlng the yeèr aThJ up to Ih? dale of gnatUre of the financlal slalemenls were.. Mr R Iwetd Mr R JAlèxander M8E Dr Dunn Mrs Sawy Load• F IA Giay Mis Lawa Sle81& Mr Garelh HarDltton Mis P 8radléy (ApInted 1 June 2023 (Appolnied 1 Junè 20231 ppoln18d 1 June 20231 MrsAE M¢Aul6y The Dlreclorn DI tho tompany are also chanty Iruslees for iho PUfPOS6 of charfly law. Und8r thè requirements of Iht Arlldes of As$ottlalkJn, unless 9th8rwl8& dètsrmknad by Iho wmp8ny In Goner41 mlIj number of trvslee$ shèn not be le$& than ffv8. Ona third of the t¥uste8$ sh1 rdr8 818ach Annual General Mgolk)g b89ed on length olUm8 In office. A rolng InJsl88 sh1 b& eliglble lor rtrelecllon. None of Truslees h85 8ny beroffice1 Inler8St In thty comp8ny.fvjl ofkn Tw$lee8 are members dth8 company and guoranlee lo conlrtbule £1 In Ihe evÈnl of a windlng up. statement of Trust•os' re6pon$lblllt1•6 Thg Twsiees, who 80 sl&0 th8 dlreclors of L8rD8 YMCA fLY Ihe purpD$& of comp8ny law. ar8 re8pons1& for preparlng th8 Trustees, R8port anrf Ihe financ1d slalemenls ITr accordance w51h 8ppIic8bl8 law and Unlled KlngdomA¢c¢unling Slandard# IUnll8d ngdoM GeneialtyAc¢6pladAccounbng PrattEc&l. Company Law reqre$ the Trustees lo prep8reflnancl stalements foreach financ481 yearWh giv8 8 Iwe and fairvlewof lh8 Stale ol affalts of Ihe ¢h8rity and of Ihg ImIng re¥wrS appll¢8llon of res5, Includlng Ihe inGomo and 8Kpendilure. oflhe ch8iitabl8 companyfoi Ih8tyear. In preparfng Ihesefinènclal slatem8nts, IheTrustse$ ar6 requiiedlo.. selerl sullabte 8ccounllng poNcle8 and Ih&n apply them conslslenlly ob8ery8 Ihe molhod$and princlple8 In thts Ch8rHles SORP., . mÈk8ludgementJ and e511m8les Ihat aro reoJonabl8 8nd pwdeni., ond wep)r8 Iha fin&ncial &latam8nls on th8 gokng toncem basls unle5$ tt Is Inapproprlole lo pre$uw Ihal Ihe ch811ty rylIn1nue In opernllon. The Truslees arg responslble for k86pSng adaquale accounllng records Ihal dLsd05e vllh reasonable awur)¢y al any tlme the finartclal poslllon of th& ch8riiy arvj enabl8 Ihem lo en$ur8 that Iha financial $1818mentg comply wih thè Companles Act 2006. They 8r& a180 responsSbb for s8fÈgu#rdlny the assels ol Iha charity and hencg for 1gkin9 reasonable steps for Ihe pffjvenllon 8nd d8lectn of fra1 8nd olher Irregularilles.
LARNE YMCA TRUSTEES. REPORT ICONTINUEDIIINCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2024 Audltor In accordance with Ihe cornp8nl8 artldes, o rnsoluuon proposlng thal MBS Charfer8dAetount8nis b8 re8ppolnled 48 8udllor tsllhe companywll be pul al 8 General Me8UNJ. TlwTwBlee$' 18portWaB apprevéd by Ihe 8oard of TiusleeB IDlrectorJl. Mrs Laura St¢èl• Tiuslee & Dlrector 12.
LARNE YMCA INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LARNE YMCA Oplthlon Wa hav8 gudltsd tho fir0nGlal 8lÈtements of Lame YMCA ltho'ch8ri1l1 for Ihè year ended 31 Mprth 2024 whlch ¢omprl$è the slatemenl ol llnon¢k418Ctfvlll85, tho ba18n¢e sheet and ihe noles lo Ihe fin8ncl8l 8lalemenl¥, in¢ludng Snth¢an1 a¢wJnUng polides. ThJ fin8nclal repoming framework Ihal has been appll8d In ihelr prepaiauon It appTr¢aN8 law and Unllèd Klngdom AcctyJnUtvJ Sl8ndard$, In¢ludlNJ FRS 102 The Fln8nLlèl Roportlng SlandeAI wlloaN8ln lh8 UK&ndRopublko1lrelgndlUL8d ngdoM Gen¥r811yAccgpledAccounllng PFaoll¢¥l. lnourwOn. Ihp finandal 8t818rnents.. a truè and vlgw of Ihe 5th1e of tha chaEllabk9 company'& offalrn a8 81 31 Marth 2024 ond of118 ¢omln9 rèsourc88 and ap1¢allon of reurce$, forlha y881 Ihen eTKled' ha¥8 be8n property prepared In prcordance th uted n00M Gen8ra11y Accepled A¢¢0unllng Pi8cIIc¥.' have bBen pr8par8d In 8ccordanc8 1h Iho requIr&Thts ofihfr Compante¥A¢l 2008. P•sl$ fotoplttlon W6 conducted our audll In accordance whh Inieinallon81 $18ndardg on Audlllng IUKI (ISA6 IUK>I and 8Wlc8bltt law. Our re8pon5iNlilie$ ynder Ihose sl8ndard$ are furlher dUbed In Atllthols spOK15 lorlh8 &udft ol Iho lft8J)c181 st8l8menl$ wllon of our ieporL Wa 8r8 Independenl of lh8 charfly In acoordancts w41h th& elhk81 requlremenls that are rdevanl lo our audlt ol Ihe ftnanclal 51alernènts th& UK. 5n¢dIng Ihe FRC'È Elhkai Slandard, wtr hav8 fulfild ourolher 6lhlc81 f¢sponsiknlllles In accwdan wilh thèsa requlremenl$. We bolE¢v thal Ih88udtt etr¢8 w8 hw8 obtglnÉd18 ond prop8{a to provlde ft baJl¥ fvy ouroplnion. ¢oncluston$ Mlatlng to gtslng ¢oncern In audlllng the financil slatemenls. we hav8 condudjd ttwt thè TA1•0$. uye of the gdng nCeM b8815 01 8¢uunlng ITh ihe prèpwalL4) oflh8 Tn(la1 stalemenl8 Is approprfal•. Based on thè work we hav• rforMed. we hovo nol Idenllfi8d any malerfal UrertaInl18S relats.ng lo avénls tsy conditlon¥ Ihal. Indlyldually or coll¢cllvely. may c8$1 $lgnlfic8nt dtyjbl on Iho oharlty's abllity lo contlnue as a golny concern lor a perf¢d olal18asl hyglvo months from whvn Ihts fin8ncl8181818menl8 gro aulhorfsed for1s8U8. Our rosponslbllliles and th6 respons11111¢$ of th8 Tru$lees I1 r¢$p¢cl lo gotry C¢01 ar¢ dÉ$crfbed In ihe Fefevanl secifons oflhls report. other lthlormallon The Olr InfOrmaOn ¢ompri$e Infomallon Included Iha annual report other than iha finarKig181alemenl$ and our audilorfl report Ih818Tr7. Thè TNsl885 are iespon$iblÈ fu Ihe olh6r Inform81ion cont81ned wllhin Ihe annuo1 veport. Our oplnion on Ihe ftMncT81 glalements do&s nol cover th& othÈrlnfemalionandw0 do nol 8xp188s any fLY of a$surnnc8 conclusbn Ihèreon. Our re$pon$lbllily Is lo read th¢ olher Informallon and, ITr dolng Èo. con8lder whelher Ihtr othèr Informallon 1$ malerfally Inconsl$lÈnt th Ihe finarKlel Gldomenls OT our knowledge obtsinod In the cour89 of the atjdil. or olhetiÈ8 8ppèars lo be mÈTIalty mls8laled. Ilwe IdeMIfy such materlal Inconsi$lenclè# or 8PP8renl malerlol ml$$tslemenls, wo bre requlred lo delermlne whether Ihl$ gkles rfsg to a malerfal m1881alemenl In the financlal 8lalem¢nts Ih8msolve6. If. based en Ihe work we hava performed, wo con¢lud8 Ihal Ihw8 18 8 material mltss18temenl of Ihlt other Informjllon. wo ar8 rèqutred lo rtsptsrtthÈl f8cL We havo nothing lo report In Ihl? r8g8rd. Matttrs on whlch w8 are Tèqulr•d to r¢port by 8Xt8Ptlon We rnlhlng to report In respecl of the followlng mallers ITr relèuon to Ythch lh8 Ch&ilUo$ (Ac1 and Reports) Regulallons 2W6 requlro us lo ieportto you W, In oUr0nIOn.. the Inlomiauon g1¥8n In the fingnd81 $1818rnen18 Is In¢oDstslenl In any malerfal re$potl ¢h th8 TTU81888' report.. or su(ficlentÉctounllng records hw8 nol botrn l¢pt', or th8 fin8nchl $t8tem8nl8 aio nol In agreeMentlts ihe tsc¢ouni(NJ records., or wé have nol reVed all Ihe Informalbn and expl8nalbn•w8 [eqra oui audll. 13-
LARNE YMCA INDEPENDENT AUDITOR'S REPORT (CONTINUED} TO THE TRUSTEES OF LARNE YMCA Respon8lbllltl81 ol Trus(805 As explnd tnore fulw In tha $liiemenl of7rust¥, r8spon61bilhi&s, Ih8Th1818¢$, Ytho are 81so Ihè dlrodors of Ihe chartty for the purpose of tompany law. are Tr5pon3Ib18 fthe PFeparailon of the fmanclal 8latÈmenl$ 8nd for belng satlsfied thal Ihey glve a and faIrtsW, and for such Ini¢mal conlrol a$ the TrLK%lees dèletmine IB ne¢e$58ry10 enabLq th6 waparatton of Nn8ndal 518tsmon18 Ih81 arè free from matsrFal mlss181emenl, vthelhw du# to freud or wror. In weparhg Ihe fSnand81 $l#lemenl$, thè Tmslees are iespoD8lNe lor 8tse$slro the ch8rtty'¥ abb(Y to onllnue a$ a golng cortem, dclOSIng, as #pIcabl$, maltsrs relaled to golng ¢ern and vjlng iha golng cthxem ba8ls of acewtlng unless tha Truslees ellh8r lo liquidala thè ¢harllabte tomp8ny or lo cea$e operallons, or havè no reallsuc allernalO bul lo do 80. Audllots r•$pon¥lbllltlès fortho audll of the flnanclal $tatsmeNI¥ We have been appolnled as audllor under 5eclbn 65 of tho Charflles Act (Norfhem Ir&l&ndl 2008 and rel In a¢cor(lancewilh Ih•Acl and ralevthnl re9ulalbn8 mado or hthng 8ftectlh#mund8r. Our obleclives af8 lo obtdj Trason8• asÈurance aboLrt whelher lh• financlal $lalgments as a wholo are frèo from material mi98lalement, whelher due to fraud or error, and Io is8u8 8n audllorfs roport that Includes our ophlon. Rtt550nable assurance Is a hlyh le¥eJ of 88suran¢e bul Is a 9uarothee that an audll conducted In 8ccord8nc8 wilh ISAS IUKI WIN d¢le¢l a mal8rf81 mIStemSn¢ vth8n il 9Klsls. Mlsslalemenl¥ can arfse Irom fiaud or eiror and gre cong1dared m&tèrial11, Ind[do81 orln the aygrtyqle, they could roaBonably be expÉ¢ted lo Influtnce the e¢onom1cd8dsns of v5ers lakan on basls of Ihes¢financlal st818mentÈ. Irregulaiitles, Indudlng fr8ud, ar• Inslances of h¢nh¢ompllan¢e thlaWS and regulalk)n¥. We de8kJn procedurni In ne wllh our re8ponslbUIII8È, ¢Ulllned above, to delecl malerlal mI551818monls kn o$p8Ct of Irrégylarflles, Indudlng fr8ud. The exlenl lowhlch ourprocedures arè capabl• of deleoling Iwularillel, includlngf¥aud,1s de(8lled below. A furihèr de$GripUon of our fe$pOnsIlI11Q 18 4vailable on Ihè Flnanclal R8wUrvJ Coundl'8 wobsllo al., hllw'.11 w.frc.org. udlloFsre&p¢nsiblli1181. Thls dè&trfpUon lormi part olour8udltoi'$ report. ppor18eThlor StatvtoryAudltorl MBS ChartfrredActount•nt 3 Hiqh Street Latng Co.AnhTm BT40 IJN MBS Chart8red Attountsnls Is ell01b for appohlm8nl 8$ audilow of Ihe chsrlly by vlrtU8 of elbIlty for appokthenl 48 8udSlorof o tompany und8r of $glOn 1212 oflhe Compan$ACt 2006. 14-
LARNE YMCA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrvstil¢¢•d Restrlcted funds lund8 2024 2024 Total Unrèstrictsd Res1¢18 runds fvnds 2023 2023 Tolèl 2024 2023 Not88 Donalbns and legBdè& CharilaU8 acllvllles Inve51ments soo 183,235 6,104 396,717 397,217 183,235 6.104 2,874 125.665 4,895 305.360 306.234 126,885 4,Bg5 Ttytal In¢omo 1Bg,639 996,717 686,658 133,434 305,360 438,794 ChartlaV 195,978 390,829 570,005 162,558 295,360 4S7.918 Net IncomgllexpBtydlturèl lor th8 yoail Nèt movtrm8nt In funds 3,863 5,B88 9,751 129,1241 10,0(K) 119.1241 Fund balanc88 811 ApDI 2023 603,434 48,502 551.938 532,558 571,062 Fund balanco8 at 31 March 2024 507,297 54,)90 561.667 503,434 48.504 551,938 Thp sbièm8nt Offin81 acliviV¢$ In¢ludes 81193lns loi&eÈ rtcognlsed kn Ih&year. I Income 8nd expgndllur• derEv•from conllnulny aclMIIo&. Tho slalemenl of rOn81 acuvltles •lÉo C188 th the Teq[Arets for an In¢om8 and expendllijre 8Gcounl under the CompanlgsAd 20. 16-
LARNE YMCA BALANCE SHEET ASA T 31 MARCH 2024 2024 2029 Not•s ran9lble 85sel Cuitsnt as8818 Debtors Cash at bgnk and In h8nd 416.838 406.181 11 56.656 104.634 17,297 132,3QO 161,19D 149,597 Cr•dltOM'. 4mount8 falllng dugwllhln ontryeor 12 118,3411 15.8401 N81 ¢UTrenl 8858lB 144,849 143.757 rolal a8S6ts le¥8 ¢urr8nt Ilabllltles 561,6B7 551,938 Incomoluttds Restrted fund$ Unre51ricted funds 54,390 507.297 48,$04 503,434 561,687 551.938 Th8 company18 enlllled 10 the gxempllon from thè audll requlr6monl Gonlalned In secllon 477 of th8 Companl$sAcl 2006, for the year erysed 31 March 2024. thOUgh audbl has b9en ¢arrled out under $ecllon 144 of tht Ch8ril188 Ad 2011. Th8 direclois a¢knovAodge Ihelr responsIlItI$ for enswing that lh9 charily k6ep$ 4¢¢wnllrg iecord¥ wNch complyvAlh 8ectM)n 386 of IheAcl and for preparing finandal slalèmenls whkh 9lve 8 Irug and faIrvk ollhe slate of affalrs of th& comp8ny a$ al Iha ond of Ihe financlal ytrar and of Hs IncomlrvJ resources and 8pplKalron of resources. Indudlng ils Income and exppndliure, for Ime finondal year In actord8DCa vAlh th8 reqreMen1$ or secilons 394 and 396 and whlch Oth¢ThSe compPy ¥1h tho requiremetts of the Companle8 Ad 2006 relaung to n8nciBI $1glemenls, so far a6 apIc9b1e lo the Company. The mombtrrs have nol raqutrad wmpany lo obtaSn 8n Èudll of 11$ finart¢lal stgiernen18 uThJgr Ihg reqrements of th6 Compgnles Ac12006, fthe year in queslbn In atcordance wllh $eclk)n 476. These fin8nclal slalemenl$ hav8 pTÈpated h 4cc(Ydan¢8 wilh Iho provlslons ÈppllcabLg io Lomp8Dle8 8ubl8Ct to Ihe Sm1 compgnles re9lma. Thg financlal 61alemants werè approved bylhè Trnslèes on..... Mrs Laura Steel Tru8t?o & DlreGtOT Company R•gl$traiioTr Ilo. N1069370 16.
LARNE YMCA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢oun¢lny poll¢lo0 Ch4rlty Inlormatlon L8rrYMCAlts a pfvatè company Ilmltad by 9Uor8nle8 Inco01ed In NortherTr Ireland. Thè r8918lerod 0ffl¢o 1$ 34A Pound Streel,, Lar••, CoAntrbn, BT40 ISD. 1.1 A¢tountlng convontlo Thg fin8nclal 51plem&nt¥ hav8 be8n proparad In a¢¢ord&nc8 wilh Iha ¢h8rliYB1govemln9 do¢um8ntl. the Comparfets Act 2006 and 'A¢¢ounllryJ aTKI Rewuw by Chèiill&s'. StsteThenl of Recommended Pracllc appllcablé lo ch&rbll¢ts pi8P8rlng lIr accgunl$ in aGcordan¢e the FInala1 R8porflng Standard èppYl¢ablg In the tJK and R8publls of Ir8land IFRS 1021 leffedivé 1 January 20191.. Thg charlty 15 H Pubkc B0n8fj1 Enllty 88 defined by FRS 102. The charlty has llken odvanthga 01 Ihe pi0vlslI ln th• SORP for tharnles appn9 FRS 102 Update Bullelln 1 not lo prep&r& a $18lemtsnlof CaBh Fk)ws. Yho fin•nclal 51elemenl8 are pièpared In slerllng, whkh Is the fvnrlk)nal vjffonty of Ih8 ch4riiy. Monelary amounls In thes8 financlal SmInIS are roundad to the ne8rasl £. Tho financi91 Sm8n13 havtr baen pr0par8d undor lh& hl8torfcal Ctsst convenllon. modsned to Includ8 Ih révalualk)n of freohdd wopertles 8nd lo Indud¥ Iwesiment w¢periies and tert81n I181 In8lNm•nl8 81 falr value. Tho princlpal 3¢¢¢unllng poll¢lg8 adopted ore 881 oul below. 1.2 Golng concer Al Ilmo (>f approvlng tho flnèncl81 s1olem8nl$, IhtrTrLFbtee$ hm 8 reason3bl8 èxpeclallon that the ¢harfty h8$ edequale rèsources lo conllnu8 In op8rallonal exlsl•nc8 lor Ihe foreseeabl8 fuiure. Thu$ thè Tru%l¢èts contsnu¥ loadopllhè golng concern bas of •c¢ounllng In pr•p8rfrvJ Iho nancIal ¥lHt•mants. 1.3 Charl¢ebl8 funds Unre8lricled funds ar• avall8bb for usa at lh# tllserelbn ol Ihe Tru8lees In fiKiheranGtr ol Ihelr Ghadlable ble8. R8strki8d fundts ¥r8 8ublecl Its specinc c¢ndlllon$ by (k)nor8 as lo how they mpy b8 u88d. Thts purFQ$eS ond U$0¥ DI th8 restclad fundi are ts8toul In Iho no188 lo fSn8rt181 stslemenis. Endowment fundi 818 8ubSeol Io 8peclflo coDdllbn8 by thnors Ihgt th& capllal musl b8 m81nloln8d by Ih ¢h8rlty. 1.4 Incom• Incom8 Is Tecognl$ed when Iht cbarlty Islegally enliued lo It arterany perform8ncè con(llllon$ htsva baen mol, amoun18 ¢an bo m&asured rellabfy. and1118 probable that Income YAII ba r8¢efved. Cayh donallons 8re reco9nL4ed on r8c8lpl. Olher donalopg ar8 rncogniÈèd thè ch8rKy beèn nollfled Df Iho donauon, unletss rfOrme condilbn$ iequlre defeN81 of the &mounl. Incom8 tax iecovwabl8 In r8lailon lodonallon¥ recelved under GiftAld or d¥ad8 of cov•n8nl Is recognlsed al th8 of Ihg donallon. leg8cl8$ 8ro reco9nl¥ed On recelpl or olheNA88 If Ihè th&rily has been no1[ of an lfflpèndlng dblrlbu110n, the tsmounl 1$ known, recelpl Ib $Kp8cl8d. 11 th8 8mount Is not known. lh8 98 l& tr88led #¥ 8 COnngeTht 885et. 17-
LARNE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounllng ptsllcl•8 lcontlnugd 1.5 Expendltufg B8sF¢ fiD8ncl&l labNiUes, Inttludln9 credllwo and bonk108na are InaNY recogrtsed at traniacuon prfco unlesj the •rraThJemenl consillule5 a finaiKing Irans#¢1, where lh& debl in51rumÈnl Is m8o$ured 01 the wesenl vtslye of th6 future payments ols¢ouDled al a trket rtslè of Inlerosl. Financlal li8bSUlle¥ da$sed as payable vhlhln ono year ara noi 4mortS$ed. Debt inilrumenis are sub8e4uenlly Crfe 91 arfK)rt18ed eo$i, uslTrJ thè effecUv• Inleresl Talè m8lho(J. Trade ¢redllor& 8Te obllyalbns to pgy for goods or seNlte$ that have been awuired In Ihe ordlnlry course ol operallon$ ffom suppllers. Amounts pay8bTre are cla$$itled as Curfe 118bllitle8 If paymèth Is due ono year or If not, Ihey ei& pr¢senl8d a$ non-currenl Ikbllilles. Trad8 credllors are re91$ed Inllltylly 81 tran8aellon pilce atHI subsequenlty measvied al amortised CO Un9 thè effecuve InleF8s1 moihod. f.8 fangltyle nx8d aJ•ots T8n9lbL8 fixéd assets 8r6 InllFdly measured Bl c081 and subs8qvtynlty m88$ured al tosl Of valu8llon, ntl ol depreclalk>n and &ny Impalimanl10s¥es. Depre&aln r8COgnl$ed ao as lo wrile otrlh$cosl tsrvalu8Uon of 48881$1o•8 Iheli rèuldv81 OVtrlh&h7 Useful Ilvos on iha fdloyhng b86•S'. Freehdd land and buing$ Ltrosehokl18nd 8Dd buSFdhg5 Fl¥lure8 and Jllllng8 Molèr vèhldeJ 2% 6tr8iohl lina 1% slraw Ilne 101% & 33.33% Ètrnlghl Iln 25% reduclng balanc Th8 galn or loss gr18hg on lfve dlspo$sl of an assel 18 delemln&d 88 th8 dlfferenco beiween th9 5818 proc¥ed$ and Ihecarryrfng value ellhe assel, and 1$ recognised In nel lncome1lèxpel1vr> foi Iheyepr. 1.7 Impalrment of flxed assèts At each reporting erKJ dale. thè dTr8rfly vIewS Ihe caitylng amounts of 118 langlble 8sset8 to del8tmlne w1hr Ihère Is any Indi¢&llon that thos& aBse16 hève suffered an Impatrmonl ltsss, 11 any $uch Indkallon exlsls. Ihts recoverable amount ol Ihe asÈel l¥ 8$llmpled In ord•r lo doiermlne tho exlenl of the ImpBIFrn•nl Ios8 Of aryl. 1.8 Cash •nd ¢a8h •qulvalethts CB$h arKI c8gh equi¥alenls Include cash hand, deposll$ htrkl 81 ¢all wilh banks, other short-leim liquld Inveslmenls 1h origlDal malurille$ of three months or less, and bank oTr8ft8. Bank overdraft¥ arè shown WI1 boirowhgs In ¢uri8nl h'ab1101. 1.9 Flnancl811ths¢rumettts The thRrity h•s eleoled lo apply lh8 provSslonB of Secllon 11 'Bgslc Fin8ndal In&trum8nl&' and Setttk)n 12 'Olh8r Flnanc181 In51ruments Istsues, olFRS 102 toall ol H8 financFsl Instruments. Flnan¢lal Instrutnenls 8rg recognised ITI Ihe charflyB bal•n¢o a01 vthen Ihtr Gharfly becom88 party lo Ihe con118etU81 provlslons ollhg Insllumont. Flnanc181 asBel$ 8nd liabllill88 ar0 Qllsel, wlh the nel gmounls presenled in th8 financlal slèl¢m8nls, when IheFe Is a legally 8rttheab rFghl lo sel off Ihe lec09Sed amounlg and there l& an Inlenllon 10 88lUe on nel bas1& or lo r8a1159 tho &86#18nd Belutr the 118111Y $imulianèousty. 18.
LARNE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ACCOtIng pollclfr¥ Iconttnu•tJl B8$1c Ilnanelèlassots 80¢ financlal 95Set9. whlch IndLkl8 deblorn and cash and bonk balance5, Br8 Iniilally measured ai IransaclloA pttee IndudlrKJ Iran58GUon costs and #re stsbsequenlly c&rrled al am0sed cosl u51ny tho efl8Ctfve Inlere81 method unl9$$ lh8 arfong•m8nl Conslilthts a financlDg transacuon, wher& he Iransacllon mtaswed at Ihp presenl valutr of the futuro r¢celpl$ dlscounltsd 81 a market r of Inleresl. FInInal Assets da$$lfled a$ receivgble I11n ontsy8&r8re notamortlsed. 8•sle Iln8ncl•lllablllll8S Basic financlal 18bllMlÉ$. Including ¢redllois and bank108ns are Inthaly recegnised at tsansacllon prfLe unless the air8ng¢ment conslitule8 8 ffnancSny transacllon, whw8 Ihe debt inslrument Is meatsur8d al Ihe PT&$8nt ¥81u8 of Iho lulure payments dl8counled 8t & m8rko1 mltr of kntsresl. Flnsncial Ilab111110$ ¢198$lfied 88 P8ypbl& wIiNn one notamortised. Debl In$lrumenig pre %tsb8equeDlly carrt8d el am(Nllsed co81, u¥lw the 8ff8cilvo IDtere8t ral8 mo1)d. TT8d8 credllorn ar& obllogtiths lo pay for goods or $eTvlw that have beett acqulred In IhJ ordln¥y coursè of oparalbns Imm stjppllers. Amthjnts PaY8b ara classlfied as ¢urrenl IlablUli8s If payment Is duè w51Nn ono yoar or less. If not. Ih8y are wesenled es nth-currenl 11a11116. Tiade Cfedil¢rs are recogntsod Inlltslty al tran$8cUon prfcg and svbsequenlty measured Bl #mortised cost uwnu Ihe effecove Inter681 method. Dèr•co9nlllon olflmnclalllèbllltlés Flnanci)1118blllll8s are derec0gT$od whon Ihe ¢horlly' conliacluol otllgatlon5 9xph• or ar8 dlschBrgèd or c&ncolled. 1.10 Employ00 bonollts Tha c051 of any unused holday 8nlMlemènl18 r8cognlsÈd In the perfod In whlch the omploye8'$ se¢11 ar rocd¥8d. Tefmlnabon benefS aro recognlBed Imm8d1alely 08 an expense whèn the thailty 1$ dèmonslraNy commlttad to IoTmlnale th6 employmBnl ofan employee or lo provld• termqnolion bentsfts. CrlllGal a¢countl•g oitlm&to¥ and ludg8ments In iha 9pp11c•lk)n ef Iho Gh8rNy's 8ccounbng pole8. th8 Tru818es •re requlred lo mfjkg ludgemenlb, e511males and a$$umpllTris 8Fx)ul Iho c8rrylng amount of assets and Ilabllrfies that are Tratsyly app8r8nl from othpr sources. Th& esllmales gnd 88soclaled as$umWons 8Fe based on his11¢01 èxpor16nce and olhor facioF8 ihwl 4T¢ ¢0Th8ldered lty ba relev8nLAclu&l re8uMa m8y dlffei from Ih¢s8 a$llm8le¥. Th9 èsllm8les and undedylng o$sumpllons ara revlewed OD an ongolry basls. Revlslon$ to aceountl e81img1é$ are recow16ed In Ihg pÈiiod Sn whkh the 881Smale 15 révised where Ihe revlsbn ¥ffecl$ ¢mly Ihal P8fEod. or In th8 pertod of th8 rO810n and fvthire period8 where Ihg revlslon affeol$ ivlh Cuiienl future pefbd¥. 19-
LARNE YMCA NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 DonHllon8 and1ouHcl88 Uttts$trlcted R¥$lrtct•d fund$ furtds Total Unreslrlclod Reslri¢led funds funds Tot81 2024 1024 2024 2023 2023 2023 Don81ions and glftB Gr8nls receats 500 396.71Y 2,874 2,074 305,380 396,717 805,380 500 396.717 397,217 2,874 305,360 308,234 Donatlon& anLI gSfi8 001¥ 500 500 2.874 2.874 soo soo 2,874 2.874 Grant8 r•¢alvoblo for cor8 aCtlvlll•$ Nerthem Health & Soclal Setvl¢esTru$t Edu¢allonAulhorfly Chlldrèn In Need Mld & EastAntrm Borough Coullcll Olher8 Wood¢n Spoon Th& Execuuvo Office Th6 Blg Lollery Departmenl For CoMmunS118$ 180 149.343 1S,000 21.224 179,670 23,171 21,224 179,670 23.171 149,343 15.000 29,586 30,269 29,596 30.209 3.781 12,634 10,000 45,0(Y) 10.000 3,761 12,834 10.000 45,000 10,000 46,338 107.033 46,338 107.033 18,958 18,958 396.717 396.7f7 305.380 305,360 Charllabl• adlvltlvs 2014 2023 After school fee8 163,235 125,865
LARNEYMCA NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 InvBStmont Unr09tr1cted UnT8slrkled fulld8 fund8 2024 2023 Renlal IDcom8 Solar panel$ Income Inlère$l recebvabll 4,563 1.252 269 3,600 1,283 12 6.104 4,695 21
LARNE YMCA NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 ¢hailltsblg 8Ctlvhlts 2024 2023 Slsff cost Depr6d811(¥i and thpalrment Food & hoswtèlity Rent & ralè Material$ and equlpmenl Injurar& Llghl & hègl Repairs & malnleDanca P051ag8 & stell0ry Telephone Legal & PrOfeSsn81 OuNngs & even Sundry exp8nse$ Trolnlng 328,227 30.526 16,549 2,782 34,734 284,eS8 22,255 7,220 1,723 27,777 0,933 11,816 19,692 1,542 1.239 19,142 21,243 3.433 4,371 12,417 68,414 5,550 796 59,071 7.351 4,871 573.245 455,950 Shw8 ofgovefn8nce 31${Setr note 71 3,660 1,966 576,806 457.918 An4ly51s by fund Unr8slrfded ldI Re8Irf¢i fund8 185.976 390,829 576,BOS Fortho year oJ)ded 31 March 2023 Unreslrlcled funds Reslrfcled lund$ 162,558 29S,360 457,918 -22-
LARNE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2024 Support cost& Support Go¥orn8n¢8 costs Casts 2024Support ¢otsts Governo8 co$1$ 2023 Legal and profes$lon&l 3.560 1,968 1,96B 3,560 3,560 1,968 1.966 An8ty8ed b¢lwe8n ac11v1•$ 3.560 3,560 1,968 1,9e8 Governanc8 cos1¥ kndud88 paym•nl8 io the w110r& of£3,38012023- £9601 foraudll & accounlancy fees. Non8 01 Ihg Twu•tsa8 lor ony rSon8 ¢onnect8d vAth Ihtrml rec8lved pny remunerallon or b•nefilJ Irc*n the charfity durtng Ihg yè81. Employee Th8avor8go monthly numbarelempk)yee$durlng Ihe y8arwa¥'. 2024 Numb•r 2023 Number 27 Employm8ntCO8ts 2024 2023 Wages •nd 1888 328,227 264,e58 Thèr8 8r• N) employeg¥Ythosè annual remunerallonwa8 9re8lerlhon £60,0(X). -23-
LARNE YMCA NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 10 Tlnglblo Ilxld 015818 Fr••hold lin Ind btsiidlngi Le4••hold Flxiurfji andMtstorV?h5 rat•1 bNlldln Cost At 1 Aprl 245 Addtlbn5 487,840 30,000 85,438 26,683 6,250 12.500 589,328 39,183 Al 31 M&rth 2024 487,840 30,000 92.121 18,750 628,511 O•prè¢lollon and Impalrmottt At 1 Awil 2023 Depiedallonthayued In yBar 116.400 9.700 3.600 300 54,980 17,380 e,167 3.146 181.147 30.526 At 31 Plarch 2024 126,10D 3,900 72,360 9,313 211.673 Carrylnu amount At 31 Mgrch 2024 381,540 28,100 t9.781 9,437 416.836 Al 31 M8r¢h 2023 371.240 26,400 10,45B 83 406.1B1 11 D8bioYg Amounts falllno du• wlthln on• yB4T'. 20Z4 2023 OthÈr debtors 56.668 17.287 12 Cr•dltorg: amouDl¥ falllng duo wlthln ong yobr 2024 2023 Tr8d& credllot8 0lher¢rÉdilor8 AccN#ls and defed Incom 6.824 7.156 3,361 4,OBf 1,759 16.341 6,840 -24-
LARNE YMCA NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 13 Anoty¥1¥ ol nBto58èts bèlw8en funds UnrestTlct8d Rèstrlcted funds futhds 2024 2024 Total Vnresirkled Re$liiGl8d fund8 furn1$ 2023 2023 Tot81 2024 2023 Fund balan81 31 Maich 2024 aro rewesenled by.. TÈnglblè asÈ&ts 397.178 110,119 19,660 34,730 416,838 144.849 399,575 103,859 8,608 39,896 408,1B1 143,767 507.297 54,390 581.697 503,434 dB,504 551,938 14 Relatsd p8rty tran8actlon$ Thgr8weio no dlsclos8bLq re18led partytransacllons dTr9 lh8 yearl2023- nortg). -26-