BELFAST YMCA LIMITED DIRECTORS, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025 Charity Registration Number: NICI 02252 Company registration Numb¢r: N1004741 The cornpany was formerly named The City of Belfast Young Men's Christian th Association. It changed its name to Belfast YMCA Limited 011 14 June 2016 As approved by the Board of Directors on th 27 November 2025
BELFAST YMCA LIMITED Financial Statements For The Year Ended 31 March 2025 CONTENTS PAGE DIRECTORS AND ADVISORS DIRECTORS, ANNUAL REPORT 2-18 REPORT OF THE AUDITORS 19-22 STATEMENT OF FINANCIAL ACTIVITIES 23 INCOME AND EXPENDITURE ACCOUNT 24 BALAIYCE SHEET 25 STATEMENT OF CASH FLOW 26 NOTES TO THE FINANCIAL STATEMENTS 27-34 Charity R¢EltratIon Number.. Company Registration Nuinber.. NIC102252 N1004741
BELFAST YMC'A LIMITED Financial Statemenfs For The Year Ended 51 March 2025 DIRECTORS AND ADVISORS DIRECTORS (in alphabetical order) Emma Allen Naomi Harland {Chairperson) Andrew Beech (resigned 18 September 2025) Andrew Morrell Laura Bell (resigiied ?5 Noveinber 2024) Liam Smyth (resigned 29 May 2025) Alison Cardwell Claire Knox (appointed 25 April 2024) David Farrow (resigned 30 August 2024) CHIEF EXECUTIVE OFFICER Chris Cupples PRINCIPAL OFFICE AND REGISTERED ADDRESS 58 Kniglitsbridge Park Belfast BT9 5EH AUDITORS Daly Park & Company Ltd Chartered Accountants & Statutory Auditors 4 Camegie Street Lurgan B T66 6AS BANKERS Danske Bank Limited Donegall Square West Belfast BTI 6JS INVESTMENT ADVISORS Brewin Dolphin 12 Smithfield Street Loiidon ECIA 9BD SoLICORs Edwards & Co. Solicitors 3 Floor Sessia House 61-67 Donegall St Belfast BTI 2QH Arthur Cox Solicitors Victoria House 15-17 Gloucester St Belfast BTI 4LS Charity R¢8l5tration NuMbEI". Compaiiy RtU15tralion NuTnbeT". NICI 02252 N1004741
BELFAST YMC'A LIMITED Fincincial Slalemenls For The Year Ended 51 March 2025 DIRECTORS, ANNUAL REPORT INTRODUCTION We, tlie directors of Belfast YMCA Limited, present our report below. The name was chaiiged on 14 ' June 2016 to better reflect the name often used in the wider commiinity. The Audited Financial Statements for the year ended 31 March 2025 follow on page 23. and they are preceded by the Report of the Auditors. The directors confirni that the Annual report and financial statements of the coinpany comply with the requirements of tlie Company Memorandum and Articles and have been prepared in accordance wilh Accounting and Reporting by Charitie5= Statement of Recommended Pi'actice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tl)e UK and Republic of Ireland (FRS 102) (effective l January 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}. This report provides informalion on Belfast YMCA'S activities and financial perfonnance. It forms pan of a range of public information designed to give an open account ot our work. REFERENCE AND ADINISTlTIVE DETAILS FOR BELFAST YMCA: The registered name ot'the oi'gaiiisation is Belfast YMCA Limited. The name previously registered iva5 The City of Belfast Young Men's Christiaii Association ]d this was changed on 14 June 2016. It is both a Nortliern Ireland registered coinpany limited by guarantee and a regÉstered charity. The company registration number is N1004741 and the registered charity number is NIC102252. Whi15t this is our registered name, we are also known as City of Belfast YMCA and Belfast YMCA. We are based at 58 Knightsbridge Park, Belfast BT9 5EH and this is the registered office of the company. The association moved from its previous location at Wellington Place, Belfast in ORIECTIVES AND ACTIVITIES Belfast YMCA has been serving children, young people and cominunities across Belfast for 175 years. Peacebuilding has been at the core of our work for over 40 years and this continLies to be the golden thread through all we do. We are based iii Stranmillis, South Belfast. from here we serve the greater Belfast area. We provide a wide array of school and community-based activities and services to Ineet local needs. Our main focus is on children and young people to help theni play an active and fulfilling role within their communities. We are part of the worldwide YMCA Movement which is the largest and the oldest charity working with young people in the world. Within tliat inovement. we have operated as a locally registei'ed cliarity serving tlie greater Belfast area since 1850. Objectives of Belfast YMCA Belfast YMCA'S principal objectives as laid out in the Memorandums and Articles of Association are: Charily Regisiration Niimb¢r'. Companv RegistTaiion Numb¢r'. NIC102252 NI(104741
BELFAST YAICA LIMITED Financial Slalemenls For The Year Ended 31 March 2025 DIRECTORS, ANNUAL REPORT (Continued) To advance the Christian faith, including by: proinoting a Christian environment inspired and motivated by the life, exainple and teaching of Jesus Christ, where people of faith and people of none can work together for the transformation of communities; and enabling p¢opl¢ of all ages and iii particular young people, to flourish through experiencing and responding to the love of God demonstrated by the life, exaniple and leaching of Jesus Christ; To provide or assist in the provision of education, for people of all ages and in particular young people, witli the object of developing their physical. mental and spiritual capacities. To promote healthy living inclLidiiig emotioiial, mental and spiritual well-being through the provision of information, education and activities. To promote community engagement and citizenship. for young people, their families and other adults for the piirpose of t"ainily support, community relations and active citizenship. To relieve or assist in the relief of need experienced by people of all ages and in particular young people, who are in conditions of hardship or distress by reason of their social. physical, emotional, spiritual or economic circumstances. Our Vision, Mission and Values Our vision Is a cit). whei'e li fe is belter foi. childreii. yoiiiig people and oiir communities Our mission is to: l . Empoiv¢r childreii and yOLing people lo learn, bsyow and thi'ive Siippofl OLII. Lommiiiiily toivai-ds a lastiiig peace 3. Ci-eate oppotlLinity through accessible aclivities. places and P1( rtnerships Our values.. Welcome Ccire Excel leiice Relevance Oiir welcome is uncoiiditional We Lc11-e passionately aboiil oiir people We PLirsue excel lence in all ive do We are relevaiit to the changiiig needs of Beltast Oiir vision, mission and values are lIndeinned by our Christian ethos. Ethos and accounting for SORP The ethos of YMCAS across tlie globe is the holistic connection of mind, body and spirit. Each individually is important, but it is the whole which creates a stronger foundation for life than the constituent parts. All of our Tnany projects and activities seek to deliver on at least one of these core elements. and many of them deliver on two or all three. It is the criteria we use to assess the worthwhileness of the projects we undertake and how they fit with our stated aims. So. although as a r¢5ponsible charity we provide strong control and good govemance over oiir resources. that review is based on monetary value aloi)e and does not necessarily retlect tlie ti'ue extent of our work or achievements. We have therefore decided that the best way to cotnply with the Charity Statement of Recommended Practice (SORP) is to account for everything under the one heading of Charitable Activities in the Statement of Financial Activities (SOFA). We do not Charity Registration Number.. Cotnpany Re8EStration Number". NIC1022i2 N1004741
BELFAST YMCA LIMITED Finoncic71 Sialcjments For The Year Ended 51 Map'ch 2025 DIRECTORS, ANNUAL REPORT (Contlllued} believe it is appropriate to emphasise one aspect over another in a departmental analysis because this would leave the reader with the wrong impression of our work, our goals and our achieveinents. Instead, by presenting the charitable activities in totality we are showing, as best we can. the finaiicial extent of our accountiiig year. our governance of it and the pi'iorities to both be financially responsible and to deliver on our goals without losing siglit of the breadth and depth of our work. To assist the reader, detail of our key objectives and achievements for the year 202412025 as well as those we set for 202512026 are noted below. Strategic objectives, achievements and performance for the year 2024-2025 Details of Olir strategic objeclives and achievetnents for the year as well as objectives for 2025126 are detailed below. Over the past year Belfast YMCA has focused its work across three broad areas. Childcare, Youth and Community. l. Childcare Belfast YMCA has been providing childcare in the city for over 30 years. We now operate across two locations Stranmillis aiid St Judes, where we care for and educate more than 260 children each week, 5UPPOrted by a dedicated team of 35 staff across nursery and after schools. Childcare remains a cornerstone of our service to the community creating a fun. safe, high- quality environment where children can learn, grow, and thrive. In September 2024, we established our second location at St JLides. We took over frotn Play Den. who ivere closing their after school provision at St Jude's Parish Hall on the Ravenhill Road due to cost pressures. We successfully registered the setting with Belfast Trust. retained all staff who wished to remain, and recruited new team members. Throiighout the year, we have also buili a strong partnership with St Jude's Parish Church, ensuring the hall continues lo serve as a vital hiib for childcare in the local community. Feedback from St Judes parents Oi¢r kids slarted 117is yeai. at Sl Jie 's, and they Itftve beei? .go happj,. The welcome daji wa3 really helpjiil - we gol lo meei 117e leam. see ihe sel-iip. and il pill us cil easL as parenls. The staff have been so caring and allen¢ive, i-eally getting to knoMI oiir children ap7d tli¥ii' Ivee pei'sonalities. The h'ds enjoy such a varietv oflovelv aclivities. froin buking and crufis lo ti'ips to Ihe park and oiiidooi. pla),. We have continued to prioritise investment into our staff team, offei'ing enhanced training and wellbeing support, as well as opportunities to develop new skills. It has been particulai-ly encouraging to see many staff advance in their career through intemal promotioiis to Team Leaders, Deputy Managers and Managers. Charity Re8lStration Number. Cotnpani, Registration NumbeT'. NIC102252 N1004741
BELFAST YMCA LIMITED Fincincial Stnlements For The Yeai. Ended 31 Morch 2025 DIRECTORS, ANNUAL REPORT (Continued) Across all our settings, our practice emphasises outdoor play. loose parts. aiid messy play encouraging children lo explore, experiinent, and express themselves creatively. This will continue to be a priority in the year ahead. Demand for childcare places coThtinues to be high for Stranmillis. to try and meet some of this we plan to open a Nursery 3 room later in the year. Demand is growing steadily al St Jude's with occupancy expected to increase from September 2025 alongside a new Nursery age wraparound provision opening. Despite inflationary pressures and rising wages. we remain one of the most affordable providers in Belfast. Our pricing strategy enabled us to provide over £ 100.000 worth of free childcare to families in need of full-time care or additional financial support. Feedback from Stranmillis Nursery parents Wefeel e.rtremelyforlunale to have aplacefor our daughter at tlii3 niirsery. Each morF7rF2g she is Ivelcoined wiik open arn75, ap7d il's lovely to see her jZLsI os &Yciled to gi'eel the staff as slge is to see us when iiye pick her llp. The tealn is so attentive, evek7 checkip7g in if She 15 offsick- it Ineuns ¢1 lol lo knoii, Ihey're 117117king o1'17er. We love il?e photo a17d video iipdates loo. and il s grcjal lo .see ihL wide vui.iety ofn7eals and newfoods she gets fo try. 2. Youth Over the past year. our youth team engaged with tnore than 1568 young people through a wide raiige of centre-based and school-based programmes.. Ubuntu: l am because we are This project builds on Belfast YMCA'S longstanding commitment to peacebuilding across the city. As a grassroots organisation, we strive to respond to the lived i'ealilies of Belfast's citizens by creating safe spaces, especially for young people, to develop greater understanding of others and build meaningful connections. Siipport from the Department of Foreign Affairs and Trade's Reeonciliation Fund, the Communit), Relations Council's Core Funding has been instrumental in eiiabling us lo e.xpand OLir peacebuilding work with school-aged youtli. Thanks to this ongoing support, we liave refined our approaches, irnproved resources. and remained responsive to emerging issues. For example. this year many young people raised concerns about the racially motivated riots of slimmer 2024. protnpting our youth workers to adapt content and create opportunities for honest discussion around these events. Between September 2024 and June 2025, 934 young people took part in the Ubuntu project. exceeding our original target of 880 participants. Where pos5ibl¢. we expanded delivery into additioiial classes Within our partiier schools, with six post-pi'imaiy schools across North, South, and East Belfast participating. Our experience continues to show that sectarianism is still a powerful influence in the lives of young people in Belfast. Misinformation and negative stereotypes persist across community lines. Charitv Regi51tation NLimb¢i. Companv Regisiiaiion Nutnber". NIC102252 N1004741
BELFAST YMCA LIMITED Financiftl,Statemep7ts For The Year Ended 51 Marck 2025 DIRECTORS, ANIYUAL REPORT (Continued) Yet the young people involved in Ubiintu dernonstrated a strong curiosity and willingness to engage with difficult themes, including community divisions. cultural traditions, migration, refugee inclusion, and wider global issues. At its heart, the Ubuntu "l am because we are" projecl is about young people recognising their oivn value ivhile learning lo value others. It remains our largest single youth programme aiid a cornerstone of our good relations work. We passionately believe that yoiing people should liave the opportunity to explore, test, and express their values and beliefs, building stronger identitles and addressing the issues of division that too often remain unspoken in our society- School and Location in City Breda Academy - East Belfast Grosvenor- East Belfast Number of participants 140 175 Ashfield Boys - East Belfa51 Hazelwood - North Belfast 150 187 Wellington Yr8 South Belfast St Joseph's College - South Best 120 16? Participants this year were: Aged betweeii I l and 15 years 61.8 % of participants were Inale 37.20/0 were fernale 39.1 Q/0 were from a protestant background 27.9 % were from a catholic background 20.6 % iiidicaled that they had 'no religion 84.1 0/0 were of a wliite ethnicity 15.9D/y were from a mix of minority ethnic backgrounds Key Outeomes Knowledge Participanls were asked the following question= On a scale of O-10 (where O is I have almost no knoivledge and 10 is very knowledgeable), how knowledgeable are you about different cultural traditions and backgrounds. Prior to the project, 14.5 % of participants rated their knowledge as high (8-1 O on the scale). Folloiving the progran]me. this figure increased to 450/0, indicating a substantial improvement in their understanding of cultural diversity. Participant Feedback li inade 1701iL'e iliai iliings can happep7 to IPTnocentpeoplefor no reason and I'm mol-e knoTri,ledgLJable aboul il Charitv Reoi5tration NILmbcr'. Compan), Regi51Falion Number". NIC102252 N1004741
BELFAST I'MC.'A LIMITED Financial Stalemeiits For T17e Year Ended 31 Mai'ch 2025 DIRECTORS, ANNUAL REPORT (Continued) Changes in Attitudes Participants were asked the fol lowing question: On a scale of O-10 (where O is very negative and 10 is very positive}, how would you rate your attitude towards people from a different religious background? Before staiting the programme. 70.1 0/0 of i'espondents selected a high score (8-1 O). This figure rose to 73.50/0 following completion of the project, indicating a positive shift in attitudes. Participant Feedback Myfav'olii'ite seLtion wa3 raL'ial discriminalion Ifound the stories interesling and veyv imporlanl. Changes in Behaviour To assess behavioural intentions, participants were asked.. On a scale of Iklo (where O is not very likely and 10 is very likely), how likely would you be to attend an event in an area associated with another community. The propoition of participants who gave a high score (8-10) increased from 30.7 % before the project to 73.90/0 afterwards-aii improvement of 43 ? percentage points. This suggests that the programme had a meaningful impact on participants, openness to engage witli cominunities different ti'oni their own. Overall, the project delivery went very sinoothly. We have increased ihe participant nLimbers from last year by around 97 participants or +11.6 %. We hope to grow by a similar proportion again next year. The racially motivated riots which took place in August 2024 were a big topic of conversation for the young people on the project. Our staff were ready foi. this. Youth in Government Our flagship political education project for l@18 year olds ran from November 2024 to March 2025, the programme brought togethei. 30 young people fi'om 18 differeiit schools and a wide range of religious and community backgyounds. Panicipants explored topical issues, engaged with experts and politicians. and developed new skills to help them make a positive difference in their communitie5. This year's project concluded on 26 March with a Graduation event in the Long Gallery at Parliament Building5. Highlights of the programme included meeting with US Consul General James Applegate, taking part in YMCA Ireland's Global Youth Work training, meeting the Taoiseach, Micheal Martin, durii)g a visit lo the Houses of the Oireachtas in Dublin, and hosting a panel debate Ivith five local council metnbers. Chaiily RegistFAlion Numbei. Conipanv Regislralion Number.. NIC102252 N1004741
BELFAST YMC.A LJMJTED Financial Sialements For The Year Ended 31 March 2025 DIRECTORS, ANNUAL REPORT (Continued) YP2, V 175., Cross Community Youth Club This was our second full year of running the Cross Community Youth Club in collaboration with CFC South. The Youth Club is open on Friday evenings between 7..30pni and 9-OOpni for young people in P7-Year I l (age 10-15). We decided to increase our provision this year. moving from 3 weeks per month to every iveek during school term time. We also asked for a membership coiiti-ibution of £30 for tlie year used to piii-chase supplies and equipmeiit. We had 40 registered members (the same number as last year} comprising 25 boys and 15 girls. We partiiered with lots of fantastic youth partners throughout the year such as Made For More. Circusful and Peaceplayers. We also partnered with the Education Authoi'ity to host an eveniiig of sports activities and community engagement with around 80 young people from various youth clubs in South Belfast. Ch8rity Regi5tTaliDn Number.. Cornpany Regi*tr4iion Number.. NIC102252 N1004741
BELFAST YMCA LIMITED Fincincial Sialemenls For The Year Ended 31 March 2025 DIRECTORS, ANNUAL REPORT {Continued) As with any project, we encountered a nLimber of challenges throughout the year. Whilst we were able to provide good staffing ratios (iii excess of the EA recommended l..10) we were very reliant on the involvement of our excellent volunteers. For next year, we will establish a Youth Advisory Group comprising young people from across our pi'ojects and settings to have their say on OLir priorities, facilities and programmes. We will also be resourcing the Youth Club with an extra qualified youth worker to better nieel the needs of the young people involved. 11:, Empower to Transforn] {E2T) E2T is a large-scale collaborative Good Relations programme delivered across Northern Ireland and the border counties, by providers including YMCA Ireland, Youth Link NI, Youth Initiatives and Mencap NI. We have two E2T project workers based with us to deliver the projecl over 3 years and 9 months (ending in December 20?7). During the period covered, the team worked with participants from Ballysillan YFC (12 young people), settled into the programme and took part in the Five Pillar sessions, beginning with good relations and citizenship. Activities included Blue Houses Social Aetion Week, the launcli of the Good Relations Programme, and informal drop-ins to build relationships. Opportunities delivered for Cohort l included: Mental Health Awareness certificate Sign Language course Mini First Aid traiiiing Good Relations atjd Einployability programmes Residential to Greenhill Social Action Project Charity Registration Number.. Compon). R¢gistration Number.. NIC102252 N1004741
BELFAST YMC'A LIMITED Financial Slalements For The Year Ended SJ March 2025 10 DIRECTORS, ANNUAL REPORT {Continued) The staff team successfully completed the first phase of E2T and recruited for Cohort 2 in partnership with Dreamscheme. By the end of March, around 20 young people aged 14-19 had registered. Incentive payments ivere offered to participants over 16 who were eligible, administered through YMCA Ireland. Connected Youth Apprenticeship In Sepiembei. 2024, we launched a three-year Christian appi'enticeship pi'ogramme to develop young leaders in youth ministry. The programme ran in partnership with CFC South, with funding provided by Ardbarron Trust, Benetact Trust, Christian Felloivship Church and Belfast YMCA. We recruited tivo paid apprentices, who worked 20 hours per week for l O months (September to June). Over the year, they gained a wide l'ange of experiences, working with youiig people in chui'ches, schools. yOLlth and kids cliibs. commuiiily events, and camps. They developed leadership, communication, and organisational skills, while also participating in training including First Aid. OCN Level 2 Youth Work. and seminars on Autism, Mental Health, and ADHD. ChaTity Registtaiion Number". Cornpanv Registration Nvmbcr. NIC102252 Nt004741
BELFAST YMCA LIMITED FinaF7cial Statements For The YeaF' Ended 31 Mai'ch 2025 DIRECTORS, ANNUAL REPORT (Continued) Reflecting on her year, Ellie wrote: ' ThiJ upprenliceship guve me oppoi'lunilies and 5uppoF'r beyond my e.YpeclatiOPLS. I learp7ed io lead in n7111tiple settings, worked alongside amaziptg staff, ap7d greTrv boih persop7ally and spiriliially. From facililating discussions in school.f to organi,fing COI77111Linity evenls and mission Irips, J developed .skill.s ihal will .slry Wlth me for li]e. I would highly i'ecuntinend ihis oppi'enlicesliip to ctnyone wa17ting to serve young people, develop os a leuder, undgrom, closer lo God. ' Andy's perspective of the year: 'ThEs apprenliceskip gave ine invciliiahlg experience working Miiih youngpeople ucross sc17001s, J'ouil? cliibs, compnunity evo?nls, and chiirc17 conlL>xts. I leai'ned Ihe impoi'lance Ofconnectio ovei- conlenl,foeusing on ci-eating safe and welcoiiiing spaces vvhere yoiing people fegl valugd. I developed sklls in leadership, orgunisation, and planning. and had Ihe chap7ce lo n7eel undleurnfrom experiencedyouth workers. One ofmjj highlights wos ihe TBUC. residential ai Grcenhill YMCA, where J enjoj'ed ieam-biiildiiig ac'livilies and forinvd slrong reluli017s12ips iviII1 117e yoiingpeople. Tl?is year l?as bcjen onc) of117C 1170sI p'eivai'ding and]OF'mative experiencesfoi" n7y professional andpeF'sonal groivlh. Togetlier, tlie apprenticeship enabled both participants to step oiit of their comfort zones, develop practical skills in youtli niinistry. and grow in confidence, faith, and leadersliip wliile making a meaningfiil impact in the lives of Joung people across Belfast. 3. Community Belfast YMCA works with a wide range of faith and community partners to engage and support the local community. Over the past year, we have continued to build upon existing relationships, we now have between 10,000-14,000 users of ihe Stranmillis Cominunity and Spoits Hub each month. Community Garden Our Cornmunity Garden has transformed a bramble-covered plot into a thriving wildlife and learning space. supported by over 30 dedicated volunteers. Through site clearance, creation of no- dig beds, an Irish heritage orchard, and the installation of a polytunnel and wildlife pond, the gai'den now provides both productive gl'owing areas and habitats for native species. Over the past year. we recorded Inore than 156 species, including 13 bird species, 15 butterflies and moths, mammals such as red foxes and badgers, and a rich variety of plants and fungi. Th¢ garden serves as a living classroom. teaching biodiversity and sustainable gardening practices. Planning permission has recently been secured for a new Garden Room to better support activities and visiting groups. Junior Parkrun We continue to host a Junior Parknin. a free weekly ?k event for 4-14 year olds on Suiidays at 9.30ain. On Inost Sundays, 15-30 children and young people participate in this fun, friendly event. Ethos Training Ethos Training, the anchor tenant in our gyin. serves over 180 local members and delivers Iiigh- quality coaching and fitness programnies wliile creating a supportive community. Charity R¢gistration Number.. NIC102252 Coiiip2nv Registration Nun)ber'. N1004741
BELFAST YMCA LIMITED Financial,giafemenls For The Year Ended JJ March 2025 DIRECTORS, ANNUAL REPORT {Continued) Aquinas Football Club Aquinas Football Club are tlie primary users of our playing fields, providing extensive training and niatches for around 500 boys and girls each week. Over 60 volunteers support hundi'eds of hildren and teenagers. During Easter and Summer. Aquinas delivered football camps to hundred5 of young people. Stranmillis Primary School Our nearesi primary school. Stranrnillis PS, with 470 PLipils, uses our playing fields daily for PE, sports day practice, cross-country, and outdoor games. Over i'ecent years, Ive have strengthened this partnership to encourage greater use of YMCA sports facilities. It has been encouraging to see school pupils visit and engage in activities in the Community Garden tliis pasi year. Christian Fellowship Church (CFC South) CFC South meets on-site for Sunday worship and runs community programmes throiighout the week. including parents and toddlers groups, kids clubs. and our Friday night youth club alongside our staff and volunteers. Croivn Jesus Illinistries l Dad Camp In August, we partnered with Croi¥n Jesu5 Ministries to host Dad Camp for a 3rd year. welcoming over 80 fathers and their children for a 24-houi' campiiig eveiit. The event supports father-child relationships and fainily wellbeing - building strong and faith filled father5. We have also funded a part-time Dad Camp Coordiiiator role lor 12 months to build on this partnership. Community Colour Run In May. we held our Community Coloiir Run in partnership with CFC South, attracting over 500 local participants. The 2k family event featured inflatables, face painting. prayer, outdoor games. and food vendors. and continues to be a vibrant community highlight. SOlas/SONA Project We continue to partner with solas, who support young people and families with autisin and additional needs. The SONA project provides a space for adults with additional needs. Following a temporary planning application, Solas will move onto our Stranmillis site with three temporary mobiles in mid-2025 for 12-18 moiiths wliile their Ormeaii Road buildings are rebuilt. Stranmillis Hen Shed The Hen Shed, a women's community group. now supports over 25 local women who meet weekly for health, wellbeiiig, aiid commuiiity activities. We eoiiliiiue to suppoit their ongoii)g work by providing access to oui- facilities. charl R¢gsstration Niimb¢r'. Compan), Registration Nurnber". NIC102252 N1004741
BELFAST YAICA LIMITED Financial Siatements For The Year Ep7ded 51 March 2025 DIRECTORS, ANNUAL REPORT (Continued) Other Key Updates.. Fundraising and Communications In September 2023 we successfully secured a £98,724 grant over 3 years from the Dormant Accounts Fund (Dormant Assets) Nl to improve our communicatioiis work to help diversify our income streams and become niore financially resilient. Over three years the project will increase revenue froin various sources through raising our profile, improving their conimunications processes and demonstrating our impact better. The project incliides updating our website, developing a new CRM system, developing new relationships with partners or sponsors, creatiiig a new fundraising strategy and carrying out staff ti-aining. In the past year we Iiave had significant success - securing £179,518 of trust and grant income towards YoLlth, Childcare and Comtnunity work. Additionally, we have revamped our brand. digital assets and improved our communication. This has allowed us to expand our progi'ammes furthei.. increase OLir impact and outcomes with mol'e young people. Unify Network We were delighted io host a gathering of 40 people within the YMCA tnovement across Ireland for a one day coiiference witli worship. pl'ayer aiid teaching. We had Father Martiii Magill shair with us on Unity fron) Jol]n 17, limes of discussion and worship together. Feedback from the event showed there is a real need and desire to gather those with a Christian faith within the movement to encourage one another. Strategic Objectives for 2023 - 2026 In early 2023 the directors signed off on a 3-year strategic plan for the organisation. The strategic plan has been extended Lintil March 2026, when a refreshed strategy plan will be launclied. The stralegic objectives for 2023-2026 are to= l. Increase the impact of our Youth work 2. Invest in our Early Years provision 3. Establish new Community Connections 4. Sti'eiigthen our HR processes and staff engagement 5. Diversify and increase our income STRUCTURE, GOVERNANCE AND LIIANAGEMENT The first Tneeting of Belfast YMCA was in January 1850 when 12 young men met in the Mechanic's Institute in Queen Street, later to become the Town Gas Office. It was modelled on the basis of the London YMCA founded in 1844. and followed the founding of the Dublin YMCA in May 1849. The City of Belfast Young Men's Christian Association wa5 incorporated as a Limited company on ?8 November 1960 as a not for profit association. The Memorandum and Articles of Association of Belfast YMCA specify the object of the Association to carry on and develop and Charity Re8istration Niitnbei". NIC102252 Collipans. Registration NuTnbeT. NJ004741
BELFAST YMCA LIMITED Financial Sialemenls For The Year Ended 31 March 2025 14 DIRECTORS, ANNUAL REPORT (Continued) extend the cause and work of Belfast YMCA and branches on a strictly non-political and non- sectarian basis, aiid generally to promote and assist the advancement of the spiritual, intellectual and pliysical condition of young people in accordance with the recognised principles and objects of the Young Men's Christian Association. Directors of the association are elected from Members of the Association at the annual general meeting. Directors can serve for 3 years before being eligible for re-election. Officers of the Association are elected at every annual general meeting. The CEO is appointed by the Directors and has responsibility for the management of the staff of the association and deterniining tlie organisalional structure of the association. Changes affectiiig senior staff or any majoi. programme of the association would involve a consultation process with the Directors of tlie association before seeking their approval for cl)anges to be made. Anniial budgets are prepared and presented to the Directors for approval before the start of each financial year. The association has a policy for the induction and training of new Directors. They are provided with an iiiduction pack giving details of the histoiy of the association. the memorandum and articles of association, responsibilities of Directors, previous year accounts, the organisational structure and the n)ajoi' programrnes of the association. This is accompanied by a briefing by tlie CEO on current activities of the association, introduction to senioi. Staff and existing Directors and an overview of the curi'eni financial Situation of the association. Belfast YMCA is one of the YMCA'S in Ireland afFiliated to the National Council of YMCA'S in Ireland, and Ilrougli tliis organisation is linked to tlie European Alliance of YMCA'S and the World Alliaiice of YMCA'S with over 30 million members in 140 countries. The trustees delegate the day-to-day management of the Association to the Chief Executive Officer (CEO), currently Christoplier Cupples from I st June 2022. The Inanageillent accounts and financial reports were prepared by the Finance Officer Kathy McLaughlin. The r¢mLineration of staff in Belfast YMCA is guided by relevant sector pay scales; salaries are reviewed aniiually in line with the pay scales, iiiflatioii and by any iiiereases in the National Living Wage. The remunei'ation of tlie CEO is set by the Board at the appropriate point on the scale for the size of YMCA and number of employees. The Thames and addresses of the charity's bankers and professional advisors are given al page l. RISK MANAGEMENT Belfast YMCA carries out regular risk managen)ent reviews of all aspects of its operations, in particular those related to the operations and finances ot the Charity, and is satisfied that 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 senior Inanagement team before being i'eviewed annually by the directors. The risk register seeks to summarise the threats or possibil ity that an aclion or event (or sometimes inaction) will adversely affect our associatioii's ability to achieve its objectives. Chaiity R¢gi51iaiion Niimb¢r'. Compan}, Regisiraiion Number.. NtC102252 Nt004741
BELFAST YfvIC'A LIMTTED Fiptnncial Statements For The Year Ended 31 Mnrch 2025 DIRECTORS, ANIYUAL REPORT (Continued} FINANCIAL RESULTS FOR 2024-2025 In the year there was a deficit of iiicome compared to expenditure, as shown in the statemenl on page 24, including the planned deficit as part of tlie programme to use the restricted funds reLeived from East Belfast YMCA for programmes in that area. This is in accordance with tlie intention of the Board of Management. Otlier areas of the organisation saw a small operational defictt before depreciation and the transfer of ftinds from the unrestricted funds to siipport the Ubuntu project, while the value of the endowment funds increased by £13.038 during tlie year. This overall deficit, after including the income from the endowrnent fund of £54.190. resulted in a reduction in total funds of £48.532 after depreciation. The statement of cash flow at page 26 explains the effect of the deficit on the movement ot. funds. We continue to take professional advice on the management of our capital investments and continue to strive for financial secui'ity and adequate returjis oii our capital. We are coinmitted lo ensuring that the work of tlie Association continues, recognising the importance of donations and assistance from our supporters and funders to our futiire work. The trustees have agreed a reserves policy which ensures the aim that unrestricted reserves is set at a level that is sufficient to ensure that Belfast YMCA can operate effectively and meet its obligations ivliile not Iiolding excessive reserves Iliat could be better used to achieve its charitable objectives. The trustees have deterniined thal the target level of Linrestricted reserves should be betweeii 3-6 months of tlie charity's annual opei'ating expenditure. This level is reviewed annually to ensure it remains appropriate given tlie clianging circumstances of the charity. The board also recognised that the long-temi provision of services associated with the charity is dependent on good governance and ecoiiomic probity. The Board therefore reviews moiilhly Inaiiageinent accouiits via tlie Finance CoiMIMittee and detennines, on an ongoing basis. how best to maintain the long-term survival of the charity in a way that allows the charity and the beneficiaries to flourish. At the balance sheet date the total i'eserves of the charity was £2,706,216 The allocation betweeii unrestricted. restricted and endowment funds is shoivn on page 2). The Board has not designated or otherwise committed any of tlie unrestricted funds at the end of the reporting period. VOLUNTEERS Belfast YMCA is dependent on the generosity of the volunteers who provide support at various levels of the association's activities. The Board of Management of the association consists of volunteers meeting monthly to oversee the managemeiit of the associatioii and sevei'al of these Dii'ectors are involved iii additioiial sub group meetings of the Board to provide financial or personnel oversight at a more detailed level. Charitv Rt8l5tration Niitnbcr. Conipany R¢gi5tration Number". NIC102252 004741
BELFAsf YMC'A LIMITED Financial Stotements For The Yeap. Ended 31 March 2025 16 DIRECTORS, ANNUAL REPORT (Continued) The Youth Programmes are supported by a team of volunteers working with paid staff to deliver the programmes aiid mentor the young people on the programmes. On a weekly basis there are over 60 volunteers coaching and 5UPPOrting children and teenagers as part of Aquinas Football CILib ivho iise the football pitches. As a result over 500 children and teenagers are given positive encoliragemeiit and development each week while involved in football on the association's playing fields. CFC South, a local ChLirch. are also involved in weekly activities on site including Sunday service5 and a Fi'iday night kids club run by ChLirch volllllteers. Community Fun Days are largely dependeiit on volunteers giving their titne to support tlie events. The Hen Shed, Junior Parkrun and Community Garden are all entirely volunteer-led with ovei. 55 people involved on a weekly basis to support these activities. Altogether. this represents approximately 7000 hours of volunteer seivice carried out on YMCA facilities each year. The financial value of this voluntary service would be in e,xcess of £147.000 each year. We are very grateful to each and every volunteer who gives of their time to contribute the outworking of our vision to make life better foi. children, young people and oui- communities across Belfast. FIXED ASSETS The change iii the fixed assets is shown in note 5 to the accounts. At 31 March 2025 our properties aiid land are shown in the accounts at £1,036,589. Restrictions apply to the funds generated by the sale of property in the ?003 financial year. The company is only pennitted by law to use tlie income produced from this capital sum. and is restricted to investing the capital for the beiiefit of the Association. The Board lias theretore decided to place the funds in an investment portfolio. These are currently maiiaged by Brewin Dolphin Limited. Income is drawn from this portfolio to support the day-to-day programmes and objectives of the organisation. TAXATION STATUS The company is a registered charity and the charitable tax exemptions are therefore being claimed to the extent that income andlor gaiiis are applicable ]d applied to charitable purposes only. These exemptions will remain in place as long as income and e.xpenditure is applied to charitable purposes only. AUDITORS Al the annual general meeting it will be proposed that Daly P.k will be appoiiited &s aiiditors for the incoining year. Charitv Regi5tsation Numkr. Conipany Registration Number.. NtC102252 Nt004741
BELFAST YMC'A LIMITED Financial Sialemenl.f For The Year Ended 31 Map'ch 2025 17 DIRECTORS, ANNUAL REPORT (Continued) DIRECTORS The directors, as a body, are also the trustees of the organisation. The board nieinbers during the financial year and the period up to the date of the approval of these financial statements were= Emma Allen Andrew Beech (resigned 18 September 2025) Laura Bell (resigned 25 November 2024) Alison Cardwell David Farrow (resigned 30 August 2024) NaoTtti Hai'land (Chairperson) Andrew Morrell Liam Smyth {resign¢d 29 May 2025) Claire Knox (appointed 25 April ?024) As part of tlie constitution of the company Board members in their third year of service must retire al tlie Aniiual General Meetiiig of the company, as well as all of those members appointed since the last Annual General Meeting. The directors due to retire at the Annual General Meeting offer tliemselves for re-election. STATEMENT OF DtRECTORS' RESPONSIBILITIES Tlie directors are responsible for preparing the Annual Report and the financial staternents in accordance with applicable law and regulations. Company laiv requires the directors to prepare financial statenients for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accoiinting Standards and applicable law). The financial stateinents are required to give a true and fair view of the state of affairs of the company aiid of the surplus 01 deficit of income over expenditure of the company for tliat pertod. In preparing the financial stateinents, tlie directors are required to:_ select Sultable accounting policies and then apply them consistently. make jiidgements and estimates that are reasonable and prudent- and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records that disclose, with reasonable accuracy at any titne, the financial position of the company and tliat enable them to ensure that the financial statenients Comply witli tlie Companies Act 2006. They are also responsible for safeguarding the setS of the conipany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENf OF DtRECTORS' CONFIRIViATIONS In tlie case of each ot. the persons wl)o are directors at the tirne when the report is approved, the following applies= a) so far as each director is aware, there is no relevant aiidit information (information needed by the company's auditors tn coiinection with preparing their repoit) of which the company's auditors are unaware. and Charity R¢gistration Niimber". Compan). Reoistration Nurnber. NIC102252 N1004741
BELFAST YMCA LIMITED Flnanclal Stalemenls For The Year Ended 31 March 2025 18 DIRECTORS, ANNUAL REPORT Continued) b) each director has taken all the steps that they ought to have taken as a director in order to make themselves aware of any rel¢vant audit inforniation 2nd to establish that the company's auditors are aware of that infonnation. We are very grateful for all of the prayers and supporL both financial and otherwise. which we have received in the past year. Please continue to help us in any way you Ca or contact us if you would like further infornjation about the work of Belfast YMCA. BY ORDER OFTHE BOARD DIRECTOR 2711,1 C.kp- NIC102252 CompBDy Resistr Number. N1004741
BELFAST YMCA LIA,IITED Financial Sialements For The Year Ended 31 March 2025 19 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BELFAST YMCA LIMITED Report on the audit of the financial statements Opinion We have audited the charity financial statements of Belfast YMCA Limited ('the chai'ity,) for the financial year ended 31 March 2025 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet, the Stateinent of Cash Flow and notes to the financial statements, including the sunimary of significant accoLinting policies set out in note l. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom AccoLinting Standards, including FRS 102 The Financial Reporting Standard applicable in tl)e UK aiid Republic of Ireland applying Section l A of that Standard and Accounting and Reporting by Charities.. Statemeiit of Recommended Practice applicable to charities preparing their accoiints in accordance with FRS 10? In our opinion. when reporting in accordance with a fair presentation framework the financial statements-. give a tru¢ and fair view of the state of the charity's affairs as at 31 March 2025 and of its deficit for the financial year tlien ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pi'actice. ]d have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Basis for opinion We condLlCted OLir audit in accordance with International Standards on Audiling (UK) {ISAs (UK)) and applicable law. Our respoiisibilities under those staiidards are further desci'ibed in the Auditovs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with etliical requii'ements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordaiice with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis foi. our opinion. Conclusions relating to going concern In auditing the linancial statements. we have concluded that the triist¢es' use of the going concern basis of accounting in the prepai'ation of the financial statements is appropriate. Based on the work we have perforined, we have not identified any Inaterial uncertainties relating to events or conditions that, individLially or collectively, niay cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months frotn the date when the financial statements are authorised for iSSLIe. Oiir responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Lharih, iiegistratiojj Nun]b¢r'. Company Re8iStration Number. NIC1022.$2 N1004741
BELFAST YMC'A L/MJTED Financial Sialemenls For The Year Ended 51 March 2025 20 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BELFAST YMCA LIIVIITED (Continued) Other Information The other information coniprises the information incliided in the anniial report other than the financial statements and our Auditor's Report thereon. The trustees are responsible for the other information contaiiied within the annual report. Our opinion on the financial statements does not cover tlie other infoi'matioii and, excepi to the extent othenvise explicitly stated in our i'eport, we do not e.xpress any forni of assurance conclusion thereon. Our responsibility is to read the other infortnation and, in doing so, consider whether the other information is materially incoiisistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we ideiitify such material inconsistencies or apparent material Inisslatenients, we are required to deterniine whether this gives rise to a material misstatenient in the financial statements tliemselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report iii this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion. based on the work uiidertaken in the course of the audit.. the information given in the Tru5tees' Aiinual Report for the financial year for which the financial staternenls are prepared is consistent with the finaiicial statements. and the Trustees, Annual Report has been prepared in accordance with applicable legal requirements. Matters on Fvhicb we are required to report by exception In the light of our knowledge and understaiiding of the Lharity and its environment obtained in the course of the audit, we Iiave not identified material misstatemeiits in the Trustees, AnJ)ual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kept. or the fiiiancial statements are not iii agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made; or the trustees were not entitled to prepare the financial statenients in accordance with the small cotnpanies regime and take advantage of the small companies, exemption in pi'eparing the Trustees, Annual Report. Responsibilities of trustees for the financial statements As explained more fully in the Statement of Trustees, Responsibilities set oiit on page 17, the trustees are responsible for the preparation of the financial statements and tor being satisfied that they give a true and fair view, and for such iiitemal control as they detennine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trtistees are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable. matters related to going concem and using the going concern basis of accounting unless management either intends to liquidate the charity or to cease operalions. or has no realistic altemative but to do so. ChariThJ Registration Number.. Company Registration Nuinber.. NIC1022.$2 N1004741
BELFAST YMCA LIAIITED Financial,gialements For The Year Ended 31 March 2025 21 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BELFAST YMCA LIMITED (Continued) Auditor's responsibilities for the audit of the financial statements Oui. objectives are to obtain reasonable assurance about whether the financial statements as a wliole are free from material misstatement, whether due to fraud or en'oi., and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a giiarantee that an audit coiidiicled in accordance with ISAS (UK) Ivill always detect a material misstatement when it exists. Misstatements can arise from traud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of iioii-compliaiice with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstateinenls in respect of irregularities, including fraLid. The exlenl to which our procedures are capable of detecting iITegularities, including fraud is detailed below: Further information regarding the scope of our responsibilities as auditor As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error. design and perfortn audit procedures responsive to those risks, and obtain aLidit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material rnisstateinent resulting froin fraud is higher than for one resulting from error, as fraud mat involve collusion. forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an uIiderstanding of internal control relevant to the audit in order to design audit procedures tliat are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of tlie charity's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by trustees. Conclude on the approprialeness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related lo events or conditions that may cast significant doubt on the charity's ability lo continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statemenls or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of oui. Auditor's Report. However, future events or conditions maty cause the chai'ity to cease to continue as a going concern. Evaluate the overall presentation. structure and content of the financial statements, incliiding the disclosures, and whether the financial slatements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding. among other matters, the planned scope and liming of the audit and significant audit findings. incliiding any significant deficiencies in internal control that we identify during our audit. Charit), Registrdtion Number.. Lojnpany Registration Nutnbe¥. NIC1022.$2 N1004741
BELFAST FMCA LlfvlITED Financial Stalements For The Year Ended 31 March 2025 22 IIYDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BELFAST YMCA LIMITED {Continued) The purpose of our audit work and to whom we owe our responsibilities This report is niade solely lo the charity's members, as a body, in accordance with Cliapter 3 of Part 16 of tlie Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Ruairi Magi (Senior Statutory Auditor) for and on b If of DALY PA & COMPANY LTD Cliarterted ccountanls and Statutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS iuei'llhéfi 202S Lharitv Registration Number. Cornpany RegislTalion Nvniber". NIC1022i2 Nt004741
BELFAST YMCA LIMITED Financiol,gtalemenfs For The Year Ended 31 March 2025 23 STATEMENT OF FINANCIAL ACTIVITIES Prior Year Total Unrestricted Funds Restrieted Funds Endowment Funds Total Funds Incoming from: Charitable activities Investments 1,023,716 277 176,788 848 1 ?00,504 55,315 880,55? 53,505 54.190 Total 1,023,993 177.636 54,190 1,255,8l9 934,057 ETpenditure on: Charilable activities (1.081,503) (235,886) (1.317.389) (985,783) Total (1,081.503) (235.886) (1.317.389) (985,783) Net gains/{losses} on investments 13,038 13,038 94,809 Transfers between funds {8,373) 62,563 (54,190) (8,373) 62,563 (41,152) 13,038 94,809 Net Movement in funds (65.883) 4,313 13.038 (48,532) 43,083 Reconciliation of Funds Total funds brought fonvard 1.204.855 5,037 1.544.856 2.754,748 2.711,665 Total Funds Carried Fonvard 1,138.972 9,350 1,557,894 2.706.216 2,754,748 Charity. Rcgislrdtion Number.. Company Registration Nuinber.. NIC102252 Nt004741
BELFAST YMC'A LIMITED Financial Siatemenls For The Year Ended 31 March 2025 24 INCOIVIE AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2025 2024 NOTE Income, Donations and other receipts l{d} and 2 1,255,819 934.057 Operating expenses (1.317.389) (985,783) Operating (Deficit) For The Year 2&11 (61,570) (51.726) For a better understanding of the results of the Association the deficit for the yeai. is analysed below.. Operating (Deficit) For The Year as noted above (61,570) (51,726} Attributable to: Ubuntu {formerly East Belfast proj ect) - deficit All other activities surplus (deficit) (54.596) (6,974) (12,483} (39,243} Net deficit (61,570) (51,726) In the financial year ended 31, Marcli 2013 income was received from East Belfast YMCA and allocated as restricted funds in full in thai financial year in accordance with the SORP accounting rules for charities. From the financial year ended 31, March 2014 forward expenditure has been incurred and charged against thi5 fund iii accordance ivith the SORP and the term5 of the original triist deed. As a consequence of the application of ihe Charities SORP a substantial surplus was reported in the 2013 financial year end and a loss is reported on the East Belfast fund each financial year from 2014 forward. The residue of those funds was spent in the 2024 financial year. The movement of funds and the deficit for the year attributable to the East Belfast fund is shown in the Restricted Funds column in Ihe Statement of Financial Activities on page 23. Continuing operations- None of the company's activities was acqiiired or discontinued during the above two financial years. Historical cost profil and losses - The difference betiveen the results disclosed above and the results on an unaudited liistorical cost basis is not Inaterial. ChaTity Registration Niimber.. Company Registration Number.. NIC102252 N1004741
BELFAST YMCA UMITED Financial Statements For The Year Ended 31 March 2025 25 BALAiYCE SHEET AS AT 31 MARCH 2025 2024 NOTE FIXED ASSETS Tangible Investments - Endowment fund - General fund Total Investments 1.052.140 1,090,183 1,444,264 1.431,226 479 054 1,910.280 1.923,508 1975,648 3,000,463 CURRENT ASSETS Debtors Deposit funds - restricted Deposit funds - unrestricted Cash at Bank and in Hand 14,133 9,350 23,632 173 841 220,956 2,848 5.037 26,874 33,606 68,365 CURRENT LIABILITKES cditorS (211,448) (31.214) NET CURRENT ASSETS 9.508 37.151 CREDITORS: DUE AwfER ONE YEAR (278.940) (282,866) TOTAL NET ASSETS 2.706.216 2.754,748 REPRESENTED BY Capitsl Reserves Revenue Reserves io 1,557,894 1 148 322 2.706.216 1.544,856 1209 892 2,754,748 SIGNED FOR AND ON BEHALF OF THE BOARD OF DIRECTORS TOR C. ILV Chority Rew'5ts8tion Number.. CompRfby Registration Numr. NIC102252 N1004741 Triiilts
BELFAST YMCA LIMITED Financial Slalen7enls For The Year Ended 31 March 2025 26 STATEMENT OF CASH FLOW 2025 2024 Net movement in funds per SOFA (61,570) (51,726) None eash items and other adjusting items Less= Interest and dividends receivable Add.. Depi'eciation charge Less: Amoitisalioii {Increa5e)Idecrease in debtors {Decrease}Ilncrease in creditors (55,315} 58.519 {3,926) {11,285} {53,505) 51.694 (3,926) 5,096 180,234 168,2?7 6,615 5,974 Net casb provided by (used by) operations 106,657 (45,752) Cash flow5 from financing activities Cash flows from investing activities Payment for tangible fixed assets Proceeds on sale of tangible fixed assets Gain/(Loss) on Endowment Funds 55,315 (20,476) 53,505 13,038 47,877 94,809 148,314 Net increase (decrease) in cash and cash equivalents in the year 154,534 102,562 Cash and cash equivalents at the beginning of tlie year 1,975,797 1,873,235 Cash and cash equivalents at the end of the year 2,130,331 1,975,797 Represented by: Investment funds Cash and bank balances 1,923,508 206,823 1,910,280 65,517 2,130,331 1,975,797 ChaTilv Rtgi5tialion Niitnber". Compan>. Regisiralion Number.. NIC102252 N1004741
BELFAST YAICA LIMITED Financial Sra¢einenls For The Year Ended 31 March 2025 27 NOTES TO THE FINANCIAL STATEMENTS The financial statements liave been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I02), the Charities SORP {FRS 102) and the Companies Act 2006. Belfast YMCA Limited is a registered charity and a public benefit entity. The currency used for the reporting of these financial accoiints is Sterling (GBP). The Charitable Company's financial activities, its current financial position and tactors likely to affect its fLlture development are set out within tlie Directors, Report. On this basis. the Board of Maiiagement has a reasonable expectation that tlie Charitable Company lias adequate resoiirces to continue in operational existence for the foreseeable future, being a period of twelve months after the date on which the Report and Financial Statemeiits are signed. For this reasoii, it continues to adopt tlie going concern basis in the financial statements. ACCOUNTING POLICIES The folloHiing accouiiting policies have been used coiisistently in dealing with items which are considered material in relation to the company's financial statements. (a) Basis of Preparation The financial statements are prepared under the historical cost coiivention. (b) Fixed Assets and Depreciation Fixed assets are shown in the accounts at tlieir purchase price (or at an equivalent amount if the assets were donated). This amount is then depreciated so that the assets are written down lo their anticipated resale value over the pei'iod the company will us¢ them. The depreciation rates and methods adopted are.. Straight Line Pretnises Equipment. furniture and fittings Minibus In accordance with accepted accounting practice freehold land is not depreciated. (c) Fund Accounting Policy Unrestricted incoine funds are general funds thal are available for use at the trustees. discretion in furtherance of the objectives of the charity. Restricted funds are those donated foi. use in a particular area or for specific purposes. the use ot. which is i'estricted to that ai'ea or pui-pose. Endownient Funds are subject to legal restrictions. The detail is given at Note 6 to the accounts. (d) Incoming Resources Incoiiie includes subscriptions. donations and other cash received and receivable. Donations are recognised where there is entitlement, certainty of receipt and the amount Charity R¢gi5ttation Niimber". Conipanl Regisiralion Number.. NIC102252 N1004741
BELFAST YMCA LIMJTED Financial Statemenls For The Year Ended Jl mai.ch 2025 28 NOTES TO THE FINALYCIAL STATEMENTS-CONTINUED can be measlired with sufficient reliability- Investment income is recognised on a receivable basis. Income was attributable to the one principal activity of the company carried on within the United Kingdom and Europe. (e) Fixed Asset Investments Fixed asset investinents are included in the financial statements al open market valuation at the balance sheet date. Open market value is determined by the investment advisors by reference to quoted market price in an active market. Any permanent impaimleiit in value after the balance sheet date is accounted for as a post balance sheet event and adjusted for if appropriate. (D Company Pension Contributions Contributions are payable by Ilie company into a personal pension scheme of the relevant employees and they are charged as an expense in the period to which they relate. (g) Finance Leases If assets are leased and the teriJJs of the agreement are almost equivalent to an OLltright purchase, a fixed asset and an equivalent liability are created. Tlie fixed asset is then depreciated using the rates and method shown in note (b) above. The interesl element of the lease 15 charged as ali expense over the primary period of the lease, based on the capital oiitstanding. OPERATING SURPLUS/(DEFICIT) 2025 2024 After Charging: Auditors, remuneration (including VAT) Depi'eciation and after crediting Rental income (net of expenses} Interest Received Investment Income Grants from Dept. of Foreign Affairs, Ireland Amortisation of deferred grant 1,800 58,519 2.880 51,694 41,429 1,125 54,190 48,168 3,926 36.7?] 855 52,650 3.926 Charity R¢gi5tration Niimber". Compan), Registration Nuniber.. NIC102252 Nt004741
BELFAST YMCA LIMITED Financial Slafen?eF71s For The Year Ended 31 March 2025 29 NOTES TO THE FINANCIAL STATEMEIYTS- CONTINUED DIRECTORS EMOLUMENTS All board members give their services on a voluntary basis. and no remuneration is paid to them. No cxpeiises are charged by or reimbursed to board members. There were no related party transactions in the reporting period that require disclosure. PARTICULARS OF EMPLOYEES 2025 2024 Administration Service Delivery 45 49 37 41 Their remuneration was: 2025 2024 Wages and salaries Employer Pension Contributions Social Security costs 831.506 39,740 60.410 633.218 30,306 41,668 931,6)6 705,192 The Associatioii receives the services of many people, includiiig volunteers (both members and non-lneinbers) and employees. The analysis by function of the number of people employed by the company during the year (excluding directors) was: No etnployees received remuneration (excluding eJnployer pension costs) in excess of £60,000 per annum. The Association's Christian work would not have been as extensive as it has been without the dedicated services of volunteer workers. as iioted in the Directors, Report. The Association pays nothing for the services of tlie local volunteers, and a nominal sum to overseas volunteers when such members from the worldwide organisation have been working in this country. Charity Re8islralion Niimb¢r'. compan Kegistralion Number". NJC102252 N1004741
BELFAST YMCA LIMITED Financial Slaleip7enls For The Year Ended 31 March 2025 30 NOTES TO THE FINANCIAL STATEMEiYfs- CONTINUED FIXED ASSETS Land & Buildings Fixtures & Equipment Minibus Total COST At 31 March 2024 Additions Disposals 1,708,864 52,156 20,476 19.000 1,780,020 20,476 At 31 March 2025 1,708,864 72,632 19,000 1,800,496 DEPRECIATION At 31 March 2024 Charge for the year On Disposals 623.431 48,844 52.156 6.825 14.250 2,850 689,837 58.519 At 31 March 2025 672,275 58,981 17,100 748,356 NET BOOK VALUE Al 31 March ?0?5 1,036,589 13,651 1,900 1,05? 140 FIXED ASSET INVESTMENT 2025 2024 Brewiii Dolphin 1,923,508 1,910,280 During the 2003 financial year net funds of £1,960,119 ivere generated from the sale of premises at Wellington Place. The conipany is only pern]itted by law to use the income produced frorn this capital sum, and is restricted to investing the capital for the benefit of the Association. Accordingly these funds are treated as Endoivment Funds in the accouiits. Chaiity Regisiration Niimber.. Compan!, Re8islralion Nuniber.. NIC102252 N1004741
BELFAST YhlCA LJMITED Financial Slatemenls For T17e Year Ended 31 March 2025 NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FIXED ASSET INVESTMENT {Continued} The Board liave taken appropriate professional advice and have placed tliese funds in an investment portfolio with Brewin Dolphin. Income generated from the fund is available for general expenditui'e wliilst capital growth mLISt be retained as part of capital. If the income is not drawn down it is designated as General Funds Invested and is retained in the portfolio in order to maximise returns. The movement for the year for each fund is summarised as follow5.. Investment Fund 2025 2024 Value of Endowment Funds brought fonvard Income generated from fund (net of costs) Transfer to Unrestricted Funds Gain(loss) on Fund during the Year Capital expenditure on land and buildings in the year 1,431.226 54.190 (54,190) 13,038 l.J36.417 52,650 (52,650) 94,809 Closing Balance of Endowment Funds at 31 March 2025 General Funds Invested at 31 March 2025 Total Value of Investment Fund I Brewin Dolphin at 31 March 2025 1,444,264 1,431,226 479,?44 1,923.508 479,054 1.910.280 The valuation of the investments noted above is based on the open market value of shares and other investments at the balance sheet date. The valuation is provided on an on-going basis by Brewin Dolphin as part of their se]CeS to the trustees. Charii). RegisiTaiion Number". CompanN' Regisiralion Number.. NIC102252 Nt004741
BELFAST YMCA LJMffED Financial Slateme17ts For The Year Ended 31 MLirch 2025 32 NOTES TO THE FINANCIAL STATEMEIYTS- CONTINUED DEBTORS 2025 2024 Sundry Debtors and Prepayinents 14.133 2,848 CREDITORS- DUE WITHIN ONE YEAR 2025 2024 Other taxes and social security AccrLials and deferred income 12.793 198,655 9,987 21,227 211,448 Deferred incoine relates to monies received in advance of the following year. CREDITORS- DUE AFTER ONE YEAR 2025 2024 Deferred Income (see below) 278.940 282,866 Property Grant During tlie 1997 and 1998 financial years grants were received for the bLiilding of new premises at Lagan Meadows. The funds have been capitalised, and are amortised at the sarn¢ rate as the building is depreciated - namely. l % per annum straight line. The movemeiil oli the propety grant resei've is as follows.. 2025 2024 Carried forward at 31 March 2024 Amortised in the year 282,866 {3,9?6} 286.792 (3,926) Carried forward at 31 March 2025 278,940 282,866 Charity Registration Numbei". Company Eiegistration Nurnber. NIC102252 N1004741
BELFAST YMCA LIMITED Fincincial,gialenienlJ For The Year Ended 31 Marc17 2025 33 NOTES TO THE FINANCIAL STATEMENTS- CONTINUED io CAPITAL RESERVES 2025 2024 Reserves at 31 March 2024 Surplus for the year 1,544,856 13,038 1,450,047 94,809 Reserves at 31 March 2025 1,557.894 1,544.856 Capital reserves represent the surplu5 on the sale of pi'emises at Wellington Place. Any movement in the underlying investments is reflected in the C'ry forward balaiice at the end of the financial year. li REVENUE RESERVES 2025 2024 Reserves at 31 March ?024 Deficit for the year 1 ?09,89? (61,570) 1 ?61,618 (51,726) Reserves at 31 March 2025 1,148,322 1.209,892 Reserves relate to the following- Unreslricted Fixed Assets Fund Unre51ricted General Flind ,052,140 96,182 1,090,183 119.709 Reserves at 31 March 2025 1,148,322 1 ?09,892 Revenue Reserves are analysed in the Statement of Financial Activities on page ?3. Charity Registraiioji Niimber.. Coinpans. Regislralioll Number.. NIC102252 N1004741
BELFAST YMCA LIMITED Financial Statements For The Year Ended 31 March 2025 34 NOTES TO THE FINANCIAL STATEMENTS- CONTINUED 12 COMPANY INFORMATION The coinpany is registered in the UK as a company limited by guarantee. The country of incorporation is Northern Ircland, and the registered office is 58, Knightsbridge Park, Belfast, BT9 5EH. The maximum liability of each full member is £1. The nature of the entity's operations and a description of the principal activities is included in the Directors, report. 13 CONTINGENT LIABILITIES The company is required to reinvest monies into certain projects. If it does not do so, grants received in earlier years may be repayable. The Board of Directors has indicated their desire to reinvest, because this is in keeping with the furtherance of the aims of th¢ organisation. 14 USE OF THE PROVISIONS AVAILABLE FOR SMALL ENTITIES In cominon with many other entities of our size and nature, we use our auditor to prepare and submit returns to the tax authorities (if we are required to do so) and assist with the preparation of the financial stateinents. 15 APPROVAL OF FINANCIAL STATEMENTS These financial statem¢nts were approved by the Board of Directors on 27 ' November 2025. Charity Rcgistration Numbcr.. Company Registration Nuinber.. NIC102252 N1004741