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¢El￿tratIon 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
SoLIC￿ORs
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 ADI￿NISTl￿TIVE 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 lInde￿inned 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 Ji￿e '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
c￿ditorS
(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 Num￿r.
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