Company Rggistration Number-. N1049989 Charity Number: 103155 Carrickfergus Young Mens Christian Association IA company limlted by guarantee. not having a sha ¢apitall Annual Report and Audited Financial Statements for the fjnancial year ended 31 March 2024 Daty Park & Company Ltd Chartered Accountants and Reglstered Auditors 4 Carnegie Street Lurgan BT66 6AS Northgm Irelanrl
Carrickfergus Young Mens Christian Association IA company limited by guarant8e. not having a shaTr ¢apit811 CONTENTS Page Tiuslees, 2nd Other Information Trustees, Annual Report Slalement of Trustees, Responsibilities Independent Auditorfs Report 10-12 Statement of Financial Activities 13 Balance Sheet 14 Notes lo the Financial Statements 15-21
Carrickfergus Young Mens Christian Association IA company limited by guarantee. not having a share ¢apitall TRUSTEES, AND OTHER INFORMATION Trustees Julie Patterson Samuel Crowe Wenda Gray (Appointed 9 October 20231 Stev@ Ames Andrew Macquarrie Robert Connor Ryan Moffett Andrew Hanley (Appointed 9 October 20231 Company Secrgtary Karen Elizabeth Graham Charity Numbèr rn Northern Iland 103155 Company Registratlon Number N1049989 Règistered Officè and Prfncipal Address 30-34 Irish Street Carrickfèrgus Anlrim 8T38 8AT Northem Ireland Audltots Daly Park & Company Ltd Chartered A¢countanls and Re9lStered Auditors 4 Carnegie Street Lurgan BT66 6AS Northern Ireland Prlncipal 8ankers Danske Bank P.0. Box 183 Donegall Square Wesl B8lfast Co. Anlrim 8T16JS Northern Ireland Soll¢itors Jamès J Macauley 2 North Street Carricklergus Anlrim BT38 7AQ Northern Ireland
Carrickfergus Young Mens Christian Association IA company Iltnited by guar4ntee. not havlng a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 The trustees present their Trustees. Annual Report, combining the Directors, Fleport and Trustees. Report. and the audlled finan¢ial statements for the financial year ended 31 M8rch 2024. The financial ststement5 are prepared in accordan with the Companies Act 2006, FRS 102 The Financial Reporting Standard applic8ble in the UK and Republic of Ireland" and Accounting and Reporhng by Charities." Staternenl of Recommendèd Pracb"ce applicable to charities pParIng thair financial slatemenis in accordance with the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Thè Trustee5' Report contains the information required to provided in the Trustees, Annual Report under the Statement of Rec¢mmen(JÈd PractlC8 ISORPI guidelines. The trustees of the charity are also charity trustees lor the purpose of charity law and under the charity's ¢onstilubon ale known 8s rnembers of the board of trustees. In thls report the Iru5tees of Carrickfergus Young Mens Christian Association present a summary of its purpose. governance, activih"es, achievements and finan8 for the financial year 31 MaiGh 2024. The tharity is a régistered ¢h8rity and henca the report and Tesults are presented in a form which complies with the requirements of the Companies Act 2006 and, although not oblrged lo comply with the Slatement ol Re¢ommended Practice applicable in the UK and Republi¢ of Ireland FRS 102, the organi5alion has implemented its recornmendations whera relevant in these financial stat8ments. Mission, Oblectlves and Strategy Mission Statement To provide or assist in the provision of education, for people of all ages and in particular young people, with the objecl of developing their physical. mental and spiritual capacities. To promote healthy liwng including emob"onal. mental and spiritual we114>8ing through the provision of infortnalion. education and acbvities. To promote community engagement and citizenship, ft)r young people. their families and other adults for the purpose of family support, community relations and active citizenship. To ieliev6 or assist in the relief of need experienced by people of all ages and in parbcular young people, who are in conditions of hardship tsr distres5 by reason of their social, physical. emotional. spiritual or economic circumstances Objèctives ission of Carrickfergus YMCA To pul Christian principles into praCts" through programmes that build a healthy spirit, rnind and body for all. C8mckfergus YMCAwants loprovide supportand eVelOpment0pportunltI0S foryoung people and Iheirfarnilies Across Carrickfergus. as well as Outreach across Mid and EaslAntrim. We want the YMCA lo be a plaGp of hope. a place of5afety. a place ofloaming. a place of trLtst, a place of support. a pla of acceptance. a place of diversily, a place of challenge. and 8 place of opportunity for children. young people and farrilies. CarrI¢kfeuS YMCA will emb¢d cproduCtiOn as we listen lo and respond lo the needs of children, young peoplÈ and their families. We want the local ¢ornmunity to value the work of the YMCA and that thp YMCA will be a place where they can find opportunities to Share their time. resources and passion for building an inclusive community where all can belong, conttibule and th¥ive. Vision of Carrid(fergus YMCA We believe that all young people deserve to have a safe place to live and the opportunity lo ach their full potenb"al. Our vision is ol an inclusive Christian Movement. transforming CLJmmunities so that all young people truly bèlong, contribute and thrive_ Values of Carrickfergus YMCA BELONG. we believe in cFealing an inclusive. fun and welcoming environment that encourages a s8nse of longing. We are committed to celebTating our diverstty. building strong relabonships and treating each other wlh compassion and respect.
Carrickfergus Young Mens Christian Association IA Gompany limlted by guarantee, Thot havlng a share capitsll TRUSTEES. ANNUAL REPORT for the financial year énded 31 March 2024 CONTRIBUTE, we recognise the contributions of all, and value their opinions. Vve are committed to being an organisalion built on trust. honesty and opènness. THRIVE. we know our SUC$5 comes from the passion, skills and dedicallon of our staff and volunteers which is why we strive to nurture and empower Ihern lo grow and achieve. These values are achieved through activitiès which promote youth developmènt, healthy living and community engagement. Structure, Governance and Management Structurè Governing document The Association is a company limiled by guaranlee wllh charitabl8 Status granted by the Northem Irèland Charily Cornmission. The company was incorporated on 12 March 2004 and look over all assets and liabilities of Carrickfprgus YMCA, an unincorporated Association. The company was established under a Memorandum ol Association. which established the objects and powers of the chaiilable company and is governed unijer ils Articles ol Association. In accordance with ils Mernorandum of Association th& mernbers have undertaken to contribute to the assets ol the cornpany, in the event of it being wound up, an amount not exceeding £1 each. Re¢ruilrnenl and appointment of Managernent Cornmittee Thé directors of the company are known as the Board of Management. They are drawn from a wKle variety ol backgrounds. Due lo the natute of the Chrislian aspect olourwork and ethos. the mèmbers of the Board of ManAgernent are thought to refiecl the diverse community of thè Christian faith that exi51s within Northern Iieland. There i5 a wide skills base which exists amongst the Board of Managernent with members from a number of differing occupational backgrounds. In thé event of the members identifying particular skills or incJivKlua15 that would be of benefit lo the Board of Management, an indwidual may then, with agreement from the Board. be approached lo join. Organisalional structure Carrickfergus YMCA has a strong Board ol Management who rneet monlhty from Septernber to June and who are responsible for th6 Strategic dirodion, policy. finan and main decision making of the cormpany. The Board has ¢urreniiy eight vot4ng Membe from a variety ol professional ba(*grounds. The Executive Officer Icornpany Se¢tary} also sits on the Board of Management bul has no voting rights. A scheme of delegation 15 in plao and day lo day responsibility for the provision of servicès rests with the Executive Officer of the organisation in Conjunction with other staff and Board tnembers. The Executive Officer undertake5 Ihe supervision of the Stsff team and ensures that they develop their practice and ski115 in line with the organi5ation's prodUres. Trustée Induction and Training Most directors are already lamiliarwith the practical work of our organisation. having been encouraged to speak to one of the other d1clor5 or the Exècubve Officer beforè fully accepting directorship. Additionally, direcloFs are offered governance training Ihrough the Northèm Ireland Council for Voluntary Action INICVAI 3nd the Nab"Dnal Council of YMCA'S which will focus on the poliw, strategy and diredion as and when n$¢essary. Governance Affiliation Carrickfergus YMCA is one of the 15 YMCA'S in Ireland affiliated lo the National Council of YMCA'S in Ir¢land. Through the National Counol of YMCAS in Ireland, Carrickfergus YMCA is linked to the European Alliance ol YMCA'S and the World Allianca of YMCA'5 With over 58 million members in 120 countries. Carrickfergus YMCA ha5 adopted the operabn9 Standards introduced by the National Council of YMCA'S in Ireland and is rèviewed regularly to ensure Compliance with these StandaS. Publrc Benefft Public beneffl Cairickfer9U5 YMCA rn8ets the public benefit requirements as ouljined in tre Charity Commission for Northern Iland guidance. It is a Christian or9ani5ation and while the advancement of religion is not an expressed Pu05e. all purposes are an expression of Christian principles through 'social action,. The YMCA offers a comprehensive fange ol opportunilie5 10 ils bEneficiaries and meets Ihe public benefit requirement as follow5.. PURPOSE 1 To prowde anil a551St In the provision of 8ducation. The ¢Jirecl benefits which flow from this purpose include ymproved educ8)onal aitainment and social inclusion thmugh 'infomial' education. As a result, the physical. mental and spiritual capabilities. competencies, skills 8nd understanding of the beneficiaries are improved. Thes8 benefj15 are tangible and can be demDll5trated. for example. through 5UPPOrt for learning developrnenlal activities for childn. the gaining of leadership skills, engagement in active leaFning in earty years, development of thinking skills. life skilLs. and employment skills. These oulcomes link directly with Youth Club and PAKT provision but are eVIdend in all aspecis of the work. Evidenced by Ihe feedback from p8rbcipant5, data collected on progression and impact and independent evaluabons. The benefiaaries are potentially any member of the publiG bul in particular children. young
Carrickfergus Young Mens Christian Association IA Cornpany lirTbited by guarantee, not havlng 4 share capital) TRUSTEES, ANNUAL REPORT for the financial ye8r ended 31 March 2024 people and Iheirfarnilie8. PURPOSE 2.. To promote healthy living. The ben8fi1s that flow from this purpose include the reduction of personal hami to individual participants, reduction of risk taking behaviour through improved personal knowledge, health awareness and personal self-confidence and control which results in improved life choices. The benefits are primarily evident in improved heatth and wellbeing, reduced risk taking 8Ctiwbes and In the positive engagernenl by young peoplè in the wider community, school and iecreational activities. This work is delivered in Carrickfergus YMCA through the Youth Engagement SeNice and GetActiv¢ bul also in local schools, through dètached youth provision and on8 to one support by the Outreach Team. Partners who see the day-to-day evidence ol change in behaviours include local schools. Education Authority. DKEA Council and Public Health Agency and wèll as the local PSNI. Evidence of the change is recorded through wellnès5 web, outcome Stsr, praclilioneT and PacipanI feedback as well as interagency review. The beneffciaries are young people and their families. PURPOSE 3.. To promote community engagement and cilrzenship. Carri(*fergus YMCA recognises that young people do not live in isolation from family, ¢ommunily and other institu05 in society therefore th& benèfits from this purposa consist ol inerèased opportunities for volunt£ering and active citizenship, increased support for community actwities, improved ¢ommunity relations and racial hamiony and redueed sectarianism. PAKT works to create a sense of community within the Carrickfergus area. particularfy in areas of disadvantage, through its family aclivilies. The Outreach Team re5pon(Js lo local anb'social behaviour, providing detached youth work with intervention and diversionary opportunities. The Vvelcome Centre and Independent Lwing Prograrnme encourages a sense ofwelcome to asylurll seeker5. allowing integration into the local community. Every aspect of YMCA work links with this purpose with strong emphasis on volunteering throughout the association. Thè tangible benefits are demonstraied by incrèased tsrnI and cornmunity actsvity. increased dialogue aGross community divides, the recruitrM&nt and training ol volunteers as well as feedback from Ioc81 stakeholders. The beneficiaries of this purpose are young peopl&. families and local community, particularfy from communities or groups which have a history of division. PURPOSE 4- To relieve Of as51St in the relief of need. The direct benefit Secured by this purpose entsils the opening of new opportunibes for individuals who have had diffieulty in the areas of health or addiction, physical or educational di58bility, those at risk of criminal engagement or other sorts of disadvantage. PAKT and the Outreach Tèarn projeel clearly demonslrale puip05e four through the tangible outcomès which Include better arAdemic performance, improved social activity. increased employability and 51abPe relab'onships. These oulGomes lead to ImpVed life choi$ and skills of independent living and reduced dependency on other5. The Welcome Centre 2nd Independent Living Programme were developed in response tr) this purpose and the significant need of the asylum seeker population in Cairicklergus whi the Gel Active progratnme pOnded directly lo the need around food poverty, with improved health and wellbeing outcomes demonsiraled. This purpose benefi15 members of the public. usually individuals, ieferred to Carricklergus YMCA, through the support and actsvilies provided or links with other agencie5. No harni arises from any of the purpose5 and neither is there any private benelit which is more than inridental or neTrssary. Review of Activities, Achievements and Pèrformance In April 2023 the were six main programme a85 promding the delivery mechanism for our work.. Youth Club, Youth Engagernenl Service. Parents and Kids Together IPAKTI, Outreach Team, Welcome Centre and Independent Living Programme. Our main premises in Carrickfetyus provided operational andlor programme space for a number of organisations and community groups on a daily and weekly basi5. St. Nicholas Nursery and the Child and Adolescenl Mental Health servi ICAMHSI have continued to use the premises wilh occasional room bookings from other organisations such as Acb"on Mental Health Through the delivery of 66.517 contact hours. working in the areas of infornial education. health promobon and Tr)mmunity enga9ernent. we provided opportunities for and engaged with 960 individuals over th¥ year. A fvrther additional 6.138 young people engaged through Outreach in local communities and local Schools acros5 Mid 8nd E8sI Antrim. The Youth Club continued with ils provision of 48 weeks per annum.. 18 houts of face to tsce youlh woth was delivered over 5 evenings weekly. Tre Youth Club provkyed personal and social development opportunities for young people aged &18 in our premises in Irish Quarter W8SI, Carrickf8rgus. Youth Club outcomes were linked with those wilhin U)e Educats'on Authority and soughl to develop Ihinking life and worf( skT115, enhano personal GapabilitiE5, improve health and well-being, develop positive relationships with others. independen. increased partipation. Funded by the Publir Health Agency who idEnlified issues young people faod when accessing appropriate health services, the Youth Engagement Service provided a safe space for young people across East Antrim, aged 11-25. 10 gain access to apprapiiale information, support and referral on a range of health-related issues. Worting in response to the needs of children and theirf8milies across Carrickfergus. ParentsAnd Kids Togelher{PAKD delivered a range of aftemoon activity club5 for children aged 6-12. as well a5 training and famity actNities forthe whole farnily unil PAKT sought to help children develop positsve relationships with others. show improvements in emotional
Carrickfergus Young Mens Christian Association IA company limited by guardnlee. noi havlng a share tapitall TRUSTEES, ANNUAL REPORT lor the financial year ended 31 March 2024 and physical wellbeing. The Right to food 365 campaign with Children in Northern Ireland ICINII was developed with National lolteiy funding secured in September2021. Thè Get Active projectworked to tackle inequalities around fDod poverty through proision of food, cookery progiammes and youth advocacy wo. The Outreach Tearn was funded by the Education Authority and Police an¢Y Community Safely Partnership IPCSPI through the Tackling Paramilitarism Project, local project ftjnding and Youth Diversionary and Inletvenlion Pmgramrne. These proje¢ls worked together across Mid and East Antrim Borough Council,. with young people at risk of involvement in anti-social behaviour and risk-taking activities. The Outrea¢h Team engaged young people aged 11-25 through the mèdium of detached youth work, schools drop in. informal education, as well as one lo one support. Thè funding lor the drug and alcohol training was ceased at the end of July, reducing the Outreach Tèarn by oné full time member ofstaff. The Independent Living Programme started in 202110 house unaccompanied minors forthe Northem Health and Social Care Trust. At the beginning 012023 we purchased a second propety in Carrickfergus. registration as an HMO is Still in PTogress. The Welcome Centre provided weekly soci81 and recalian spa, English classes, clothing, addits'onal food and opportunith.es lo explore Northem Ireland until June 2023, staff shortages and a lack of sustainable funding meant that this programme was no longer wable. There were 8 full lime staff, 9 part lime workers and 12 sessional youth workers, as well as 1 Job Start P05t by March 2024. The volunteer team rna1ned steady with 43 volunteers by th6 end of March 2024. Financial Review This year saw growth in the eompany income and subsequent expenditure. The rise in cost-¢f-living expenses ha(1 an impact on the YMCA with inc8$ed elecrricity, heating and Insuran costs. There were no cash flow issues encountered during this year. In the year Ihets was a surplus ol income compared to expenditvre. shown in the Statement of financial aclivilie5 on page 13. This has been added to the reseNes brought fotward. We are committed lo ensuring the work of the Asso¢ialion continues, re¢¢gnising the importanGe of donations and a5si$tsnce Irom our supporters and sponsots Io QUT lulure work. Income Principal Funding Sources The Associalion has several fijnding SoUrS for its worfc. Most of the finanaal support comes from outside agencieslor9anisations that prgvide fijnding for spÈGific projects and programmes or to fund specified staff. These includé- Education Authority, Northem Ireland Housing Execubve ISPODI. Mid and East Anlrim Borough Council, Northem Health and Social Care Trust, Nalonal Lotiery. Public Health Agency. Children in Néed as wall as a number of smaller grants from other giant making bodies. Financial Resutts At Ihe end of the financial year the ¢harity has assets of £1.583.29612023- £1.590.1741 and liabilities of £5.62112023 - £27,747). The nel assets ofthe charity have increased by £9.248. Resorvès Position and Polley The company has built up sorne reservé5 over thé years and the directots aim to have between three and 5rx months expenditure in unStr[Gted reseryes al any point in time. Principal Risks and Uncertaintlts Rrsk management The Board of Managemenl conducrs regular reviews of the major risks to whtch it will L exposed. Mfftere appropiTale. systems or prOdureS have been established to mib.gale the risks the organisattDn fa5. Intemal control risks are rninimi5ed by the implemenlalion of ProdureS foi authorisabon of all transactions and projects. Procedurès are in plaGe to ensure Complian with health and safety. safeguardiny and ffnancial regulation5, which du the risk to staff. volunteer5. young people, families and children in ourcare a5 well as in the fnancial context as slaled above. These procedure5 are periodically reviewed lo ensure they continue to meet Ihe needs of the organisation and relevanl legi%latyon.
Carrickfergus Young Mens Christian Association IA ¢omp8ny Ilmlted by guarante¢, not h8vlng a $hare eapltall TRUSTEES, ANNUAL REPORT fur the financial year ended 31 Mar¢h 2024 The organisation will continug lo develop the activities ou1ned above in thè forthcoming year subject to $8trsfa¢tory funding arrangemants. The Youth Engagement servi and Youth intsrvention and diversionary work contracts We renewed in 2023-24 offering &5 years funding. positive news nSIdering the reduced grants and financial instabilty in Ihe govemmenl and grants. Core grant funding from Children in Need has beèn helpful in rniligaling against the reduction in grants seen across the Education Authority funding. Questions aboutlheon*oing sustainability of Sl. Nicholas NUery may impact income generated by the bulldin9 during 2024-25. There will be a review of thg building usage and look for new future partners.. partner5 that will not only genoratg incoma bul ensur8 added value lo the public benefrt and Ilnk with the values of the organisalion. There were challenges in staff recruitment and retention during 202&24which impacted the capacity to deliversemees. this will addsSed as the organisation rèviews its Human Resources management practice$ and policies over the coming year, with a focus on wellbeing. Potential financial cuts impact sustsinability therefore thè purchase of our second property and expansion ol the Indèpendent knving Programme in 202>24, will allow better r81urn on Investment of resèrves while fuffillirvJ th8 chaiitable objectives ouuined in ils public benefit statèrnents. Tru¥tees The Iruslees who seNed throughout the finanaal year. except as noted, wer8 a8 follows.. Juli8 Patterson Sarnuel Crowe Wenda Gray (Appointed 9 October 20231 Stéve Am6S Andrew MaGquarrie Robert Connor Ryan Moffètt Andrew Hanley (Appointed 9 October 20231 In accordance with the Constitution, the trustee5 retire by roiation and, being eliqitjle. offer themsel¥85 for r&ele¢tion. Tho secretary who served during the financial year was.. Karen EIEabeth Graham Compliance wrth S•etor-Wid8 Legislatlon and Standards The chaThty engage5 pro-activetywith legislation, standards and codes which are developed forthe sector. Carridtfergus Young Mens Christian Association subscribes lo and is ¢ompliantwilh the following.. The Companios Act 2006 The Charityes SORP {FRS 1021 The Auditor8 Daly Park & Company Ltd. (Chartered Accountants). werè appointed auditors by the trustees to fill the casual vacancy and they have expressed theirwillingness to contintre in Offi in accordance the prothsions of s8cb.on 485 of the Companies Act 2006. Approved by th8 Board ofTrustees on 8th Juty 2024 and slgned on its bghajfby: Robert Director Director onnor
Carrickfergus Young Mens Christian Association IA company Ilmlt811 by Buarantee, not havlng a 8haro capit411 STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2024 Tha trustees. who are also director5 of Carriclrfergu5 Young Mens Christian Association lor the purpose5 01 company law. aro responslble for prap8ring the financial statements in accordance with applicable law and regulations. Company law requires the tntse5 as the directors lo prepare financial statements for each financial year. Under that law the trustees have eleded lo prèpare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice Iunlted Kingdom Accounting Standards and applicable lawl induding FRS 102 'Th0 Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A Isrnall Enlitiesl. Under cornpany law the trustees musl nol approva the financial Statements unl855 they are satisfied that they give a trug and fair view of thè state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these finanual statemonts, the trustees ara requirad tts= solect suitable aOnting policies and apply them consistently., observe the melhods and principlas in the Charities SORP make judgem8nts and accounting Éstirnatas that are roasonabla and prudent.. statè whether the financi81 slalements hav8 been prepared in accordan¢o with applicable aoUntIng standards identify thos¢ standards, and note the effe¢t and the reasons for any material departure from those standards" and prepare financial slalements on the going conrn basis unless rt is inappropriate to presume that the charity will continue in operation. The trustées are responsibla for keeping adequate accounting records that are suffiuent to show and explain the charrty s transactions and disdose wlh reasonable ac¢uraGy at any time the financial position olthe charity and enable them to ensvrè that the financial statements mplY wlth the Companies Act 2006 and. They are 30 SponsIble for safeguarding lh8 8$$ets of the charity and honce for takiny Teasonable steps for the prevention and detection of fraud and other irragul3rthes. In so far as the trustees are aware.. there is no relevant audit infomation (information needed by the chariiy'$ auditor In connecti(>n with preparing tho audilorfs rÉportl of which the chÈrity's auditor is unaware, and the truste85 have taken all the steps that they ought lo havo taken as trustees in order to make themsélves aware of any ralevanl audrt infonnation and to 8Stablish that the charity's auditor is aware of that inforniation. Approved by tho Board of Tru8tee6 on 8th July 2024 and signed on its bghaff by: Rya Director Ro rt Connor Director
INDEPENDENT AUDITOR'S REPORT to the Members of Carrickfergus Young Mens Christian Association IA company Ilrnitsd by 9uaranteo, not havlng 3 share capital Report on the audit of tha financial ststem8nts Opinion We have audited the charity financial slalements of Carrickfergus Young Mens Christian Association {'the charity'l for the finan¢i81 year ended 31 March 2024 which Comprise the Statement of Financial Activities lincDrporaling an Income and Expenditure Account), the Balance Sheet and note5 to the linancial stslements. including the summary of significant accounth.ng polic$ sel out in note 2. The finan81 reporbng framework that has been applied in their preparation Is applicable law and United Kingdom Ac¢ounling Slar7dards, including FRS 102 'The Financial Reporting Standard applicablè in the UK and Republic of Ireland applying Section 1A of that Standard and Accounting and Reporting by Charities.- Slatement of Recommended Practice applicable to charities preparing theiraccoun15 in accordancé with FRS 102. In our opinion. when reporting in accordance with a fair presentation frarnework the financial st8temenls." give a true and fair view of the slate of the charity's affairs as al 31 March 2024 and of its surplus for the financial year then ended". have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice." and have been prepared in accordance with the reqvir8ments of the Companies Act2(K)6 and the Charities Act (Northern Ireland) 2008. Basis for oplnlon We con¢Jucted our audit in a¢¢ordanee with International Standards on Auditing IUKI IISAS IUK)) and applicable law. Our responsibilities under those standar(Js are further described in the Audilorfs responsibilities for the audit of the rinancial staternents section of our report. We are independent of the charity in accordance with ethical requirements that are relevant to our audit of the financial statements ifi the UK, including the FRC'S Ethical Standard, and we have fulfillèd our other èthical responsibilities in accordan with these requiiements. We believ8 that Ihe audit eviden we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng conc&m In auditing the financial statements, we have concluded that the tru5tees' use ol tho going concèm basis of accounting in the preparation of the financial statemÈnts is appropriale. Based on the work we havè performed. we have not idenb'fied any material uncertainlie5 relating lo events or conditions Ihat, individually or collectivety. may cast significant doubt on the charity's ability to continue as a going concem for period of at least Iwelve monlhs from the dale when the financial statements are authorised for issue. Our responsibilities and the spOnsIbl11t1eS of Ihe trustee$ with respect to going Conrn are described in the relevant sections of thi5 report. Other Inforrnatlon The olher infomiation comprise5 the infomation included in the annual port other than tre financial 5tatemènls and ¢urAuditoKs Report thereon. The trustees are responsible for the other information containgd within th¢ annual ieport. Our opinion on the Iinancial stalernents does nol cover the other infomation and, èxcept to the extent otherwise explicitly stated in our report. we do not express any fomi of assuran conclusion Ihereon. Our iesponsibility is lo read the othei infotmation and. in doing so. consider wheth8r the other infomiation 15 mattrrially inconsi5tenl with the financial statements or our kn¢)wledge obtained in the course of the audit, or otherwise appeats lo be materialty misstated. If we idenDfy such material inconsislencies or appgrenl material mi551alements. we a iequired to detemrne whether this gives rise lo a material misstatement in the financial stslements themselves. If. based on the work we have performed. we conclude that there is a material rnisstatemenl of this other informatson, we are required lo report thal fact. We have nothing to report in this regard. Oplnion on other matter prescribed by the Cornpanles Att 2006 In our opinion. based on Ihe work undertaken in thè wUe ollhe audiL the infoJmation given in the Trustees. Annual Report for the finan¢ial year for which the financial slatements are prepared is consistent with the financial statements- and the Tru5tees' Annual Report has been prepared in aGcotdance wilh appl¢able legal requirements. 10
INDEPENDENT AUDITOR'S REPORT to the Members of Carrickfergus Young Mens Christian Association IA company limited by guarantee, not havlng a share capltall Mattels on which we are required to report by exceptlon In the light of our knowledge and understanding of the charity and its @nvironment obtained in thè course of the audit, we have not identified material misstatements in the Trustees. Annual Report. We have nothing to port In respect of the following matters where the Companies Act 2006 requiTes us to r¢port lo you il. In our opinion.. adequate accounting records have not been kept.. or the financial skternents are not in agreement with thè accounting records and returns., or certain disclosures of Iruslees. remunèiats'on sp6cified by law are not made., or the trustèes were not entitled lo prepare the financial st8lernents in accordance wllh the small ccffnpanles regime and lak6 advantage of the small companies, Qxèmplion in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial statements As explained rn0 fully in the Statement of Trustees, Responsibilitie5 sel out on page 10. the trustees are r8sponsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as thèy deteimine is ne¢essary tts enable the p paralion of financial statements that are free from m8lerial misstatement, whether due to fraud or &rror. In preparing the financial statements, the Iru51ees are responsible for 8$sessing the charity's abilty lo continue as going ¢oncem. disdosing, as applicable, matters related to going concern and using Ihe going concern basis of accounting unless management either intends lo liquidate the charity or lo Trase operations. or has no realistic alternalive but to do so. Auditovs responsibilities for the audlt of tha financial statements Our objectives are to obtain reasonablè assurancÈ about whether the finanoal slatemants as a whole are free from material misstatement, whether due to fraud or eFior, and to issue an Auditorf5 Report that includès our opinion. Re8sonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordan with ISAS IUKI will always delect a material mstatement when it èxists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econornic decislons of usets taken on the basis of these frnancial slalernents. Irregularities, including fraud. are instsnces of non-cornpli8nce with laws and regulations. Vve design proce(luS in linè with gur responsibilities, outlined above, to detect matérial rnisststements in respect of irregularities. including fraud. The exlenl to which our procedures are capable of detectin9 irregulaiities, including fraud is dekiled below.. Further Infomiatlon regarding thè SCO of our sPonSibl11t1es as auditor As part of an audit in accordance wilh ISA5 {UKI, WÈ exercise professional judgement an(J maintsin professional 5ceplieism Ihrou9houl the audit. We also." Identify an¢J assess the risks of rnaterial misstatement of the financial statements. whether duè lo fraud or error design and perform audit procedure5 responsNe to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for ouropinion. The risk of noldetecbng a material rnisstaternent resulbng from fraud is higher than for onts resulting from error. as fraud may involve collusion. forgery, intentional omissions. miSpesentatlon$, or the override of intèmal control. ObtaTn an unde15tanding of internal control ielevant to the audit in order to design audit procedures that are appropriat& in the circumstance5. but not for the purpose of expressing an opinion on the effethvene5s of Ihe charity's inlemal control. Evaluate the appmpriateness of accounting policies used an¢ the reasonableness of accounting estimates and related disdosures tnade by trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whelhèr a material uncertainty exists related lo events or conditions that may cast significant doubl on th8 charitys ability to continue as a going concern. If we conclude Ihal a material UnrtaInty exists. we are required to dtaw attention in our Audilo¢s Report to the related disdosures in the financial statements or. if such disclosures are inadequate, lo modify our cpinion. Our conclusions are based vn the audit eMden obtained up lo the date of ourAudiloffs Report. However, fubjre events or conditions rnay cause the charity to ceese io conb.nue as a going concern. Evaluate the overdll presentation. structure and coffltenl ol the financial statements. including the disclosures. and whether the financial statements represent the un¢Jerfying Iiansaclion5 and events in a manner that achieves fair presenlaty"on. 11
INDEPENDENT AUDITOR'S REPORT to the Members of Carrickfergus Young Mens Christian Association IA company limited by guaranteB, not hdvlng a share ¢apitall We communicate with those Charged with governance regarding. among other matters, Ihe planned scope and timing ol the audit and significant audit findings, including any significant deficienries in internal control that we identify during our audit. The purpose of our audit work and to whorn we owe our responsiblllties This report is made solety to the charily's member5. as a body. in accordan with Chapter3 of Part 16 of thè Companiès Act 2006. Our audit work has been undertaken $0 that we might state lo the charity's rnember5 those rnatters we are required lo state to them in an auditorf5 report and for no other purpose. To the luifesl extent permitted by law. we do not accept orassurne responsibility to anycne other than ihe charity and the charity's members as a body, for ouraudil work, for this rèport, or for the opinions we ha fonned. Ruairi M DALY P Charte 4 Carne Lurgan B T66 8AS Northern Ireland nn & COMPANY LTD ccountants and Registered Auditors ie Street th July 2024 12
Carrickfergus Young Mens Christian Association IA company limlted by g4JaranteÈ. not havlng a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorpornting an Income and Exponditure Accounti for the financial year ended 31 March 2024 Unrestrfctèd Restricted Funds Funds 2024 2024 Total Unrestricted Re51rrcted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Income Donations and legacies Other trading a¢tivities Investments 281,S23 95,026 1.092 453,721 815 73S,244 95.841 1,092 222.904 44.880 1,175 491,434 714,338 44.880 1,175 Total income 377.641 454.536 832.177 268,959 491,434 760,393 Expenditure Charitable activities 428.094 394,835 822,929 177.218 532.917 710.135 Net Incomell8xpenditurel {50.4531 59.701 9,248 91,741 141,4831 50,258 Transfers betsveen funds 1326.1161 326,116 Net movement in funds for the financial yèar 1376.5691 385,817 9.248 91.741 141.4831 50,258 Reconeiliation of fund5- Total funds beginning ol the year 13 7,413 843,014 1,568,427 fj33,672 684,497 1.518,169 Total funds atthe end of thè year 348,844 1,228,831 1.577,675 725,413 843.014 1,568,427 The Statement of Financial Activities includes 811 gains and losses reco9nised in Ihe financial year. l income and expenditure late to continuing actimties. The ThJte5 on Fw9ps 15 ip 21 fc) partof Ihe finanrial Stslements 13
Carrickfergus Young Mens Christian Association IA company Ilmlted by guarants8, not havlng a sham capttall Company Number- N1049989 BALANCE SHEET as at 31 March 2024 2024 2023 Notss Flxed Ass8ts Tangibla assets 1.175,172 1,206,755 CurrentAs8•ts Debtors Cash at bank and in hand 10 60.081 358,043 29,342 354,077 408,124 383.419 CTgditors: Amounts falling due within one year 11 16,621} 121.7471 Nèt Current A88•ts 402,503 361,672 Totsl Ass•ts l¢$¥ Current Llabilities 1.577,675 1.568,427 Fund$ Restricted trust funds General fund (unrestricted) 1,228.831 348.844 843,014 725,413 Total lund$ 13 1,577.67S 1,568,427 These financial statements have bèen prepared in acojrdance with the speaal provisions relating to small cornpanies wilhin Part 15 ofthe Compani$$ Act 26. The financial slalements have been prepared in accordance with the Provisions applicable to companies subjeetto the srnall cornpanie5' regime and in accordan with FRS 102'The Fioancial R6porb"ng Standard applicable in the UK and R&public of Ireland" apptying Section 1A of that Standard. Approv&d by the Board of Tru¥tses and authorisad for wsue on 8th Juty 2024 and 3i9ned on Its behalf by Rya Robo Connor Director The notes on p89È5 15 to 21 lorm p8rtvfthe finanrial Statements 14
Carrickfergus Young Mens Christian Association IA company lifftited by guarantee, not having a share capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year endad 31 Mar¢h 2024 GENERAL INFORMATION Carrickfergus Young Mens Chrisban Association is a cornpany limited by guarantee incorporated in Northem Ireland. The registered Offi of the charity 1$ 30-34 Irish Street, Carrickfergus, Antrim, BT38 4AT. Northern Ireland which is also the principal plaee of business of the charity. The financial ststements hava bÉen presented in Pound 1£) which is also the fvnclional currancy of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies hava been applied consistenlly in dealing with items which are consldered matèrial in latIOn lo the charity's financial statements. Basis of preparation The financial statements have been prepared on the going Goncern basis under the hisloltcal cost convention, modffied lo in¢lude certain item5 al fair value. The financial slalemenls have been prepared in accordance with the Statément of Recommended Practice ISORPI "Accounting and Reporting by Charities prèparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland FFIS 102" applyin9 Section 1A of that Standard. A8 pem)ilted by the Companies A¢1 2006, the charity has varied thÈ standard fomiats in that act for the Slalemenl of Financial Acts"vilies and the Balan She61. Deparlures frorn the standard fomiats are to Gomply with the r8quiremenls of the Charitr&s SORP and ar8 in cornpllance VAlh section 4.7. 10.6 and 15.2 of that SORP. Stat8ment of compllance The financial statement5 of the charity for the ffnancial year ended 31 March 2024 have been prepared on th going concern basis and in accordance wilh the Statement of Recommended Practice ISORPI'Accounting and Reporting by Charities preparing theiraccounts in accordanr8 with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland FRS 102" applying Secbon 1A of that Standard. Fund accounting The following are the categories of funds Maintained.. Restricted funds Restricted funds represent income receivéd which can only be used for pathcular purposes, as specified by the donors. Such purposes are within the overall objecb.ves of the ¢harity. Unrestrlcted funds Unrestricted fvnds consist of General and Designated funds. General funds reprfysent amounts which are expendable al the discretion of the board. in furtherance Of thè objectives of the Charity. Designated funds comprise unrestricted funds that the board ha5. at its discretion. t aside for particular purposes. TMe5e designations have an administrab.ve purpose only. and do not legalty restrict the board's discretion to apply the fund. lrt¢ome Income is recognised by indusion in the Statemenlof Financial Activities only when the charity is legally entitled lo the income. perfomian¢e conditions attached lo the ilemlsl of income havè been met, the amounts involved can be measured with sufficient reliability and it is probab that the incorne will recehied by thg charity. Income from charitsble activltlos Income from ch2rit8ble acth"vilies include income eamed frorn thè supply of 5ervi¢es under ¢ontraciual arr3n9ements and from perfom7ance related grants which have conctilions thatspecify the provision of particular seivices to be Prowded by the charity. Income from govemmenl and other co-funders is recoyni5ed when the charty 15 legally entitled to the income because it is fiJifilling the conditions contained in the related funding agreements. Where a grant is received in advance. its recognitson is defeired and induded in GltOrs. Where entitlement occurs befo incomè ts recèived, il is accrued in debtor5. Grants from govèmments and other co-funders typirAlly indude one oflhe following types Ot conditions.. PerfOrrnan based Conditns." wheJBby the charty is contractually entitled lo funding only to the extent that thè core objectives of the grant agreement are achieved. WheFe the charity is meeting Ihe core objectives ofa grant agreemen[ it recognises the related expenditure, to th? extent that il is reimbursable by the donor, as 15
Carrickfergus Young Mens Christian Association IA company limited by guarantse. ngt havlng a shafy capltsll continued NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 income. -Time based conditions.. whereby the charity is contractually entitled to funding on the condition that il is ulilised in a partiGular peFiod. In these cases the tharily wognisè5 the incorne to Ihe exlenl il is ulilised Mlhin the period specified in the agreernent. In the absènce of such conditions, assuming that reIpl is probable ard the amount can be reliably measured. grant income is recognised once the charity is notified of entitlement. Grants received towards ¢apital expendilule are credited lo the Slalement of Financial Activities when received or rÉceivabl&, whichever is earlier. Expendlture Expenditure is analysed between costs of charitable activities and raising funds. Thè costs of each acth.vity are Separate 2c¢umu13téd and disclosed. and anatysed acrdIng to their major componen15. Expenditure is recognised when a legal or construcb.ve obligation exists as a result ol a pasl event, a transfer of econornic benefits is required in settlement and the amount of the obligation can be reliably measured. Supporl ¢05ts are those functions that assist the work of the charity bul cannot be attributed lo one activity. Such costs are alloCad lo activities in proportion lo stsff time spent or olhersuitable measure lor èach aciivity. Tanglblè fixed assets and deprè¢iation Tangible fixed assets are ststed at cost or at valuation, le53 accumulated depreciation. The ¢haTge lo depatiOn is calculated to write off the original cost or valuation of tangible fjxed assets, less their estimated residual value. over their expected usefvl lives a5 follows-. Land and building$ freehold Fixture5. fitting$ and equipment 2% Slraighl line 15% Rèducing balance Debtors Debtots are recognised al the settlement amount due after any discount offered. Prepayments are valued at the amount ppaid netol8ny trade discounts due. Income rècognised by the charity from govemmenlagencies and other ¢o-lund6rs. but not yet received al financial year end. is included in debtors. ash at bank and in hand Cash al bank and in hand comprises cash on deposit at banks requiring lèss than three rnonths nob.ce of withdrawal. Taxatlon and derred taxatron No current or deferred taxation arises as the charity has been granted charitabl8 exemption. Irrecoverable valued added tsx is expensed as in¢urwed. D8ferre¢J tax is e091$ed in re5pectof all timing ¢Jifferences thathave originated bul notrever5ed al the balance sheet datè where transactions or evènts have occuried al that date that will sUIt in an oblIgatn to pay more tax in the luture. or a right to pay less tax in the future. Timing difference5 are temporary diffenceS beh¥eèn the charity's taxable income and its results as stat2d in the finanaal slalements. Dtrferred tax 15 measured on an undiscounted basis at the tax rates that are anticipated to apply in the pe0d$ in which Ihp bming drffereno5 are expected lo reverse. based on lax rates and laws that have been enacted or subslantively enacted by the balance sheot dale. INCOME DONATIONS AND LEGACIES Unrestricted Restrfctèd Funds Funds 2024 2023 DonaOn$ and legacies 281,523 453,721 735.244 714.338 16
Carrickfergus Young Mens Christian Association IA cornpany limlted by guarantee. not having a share capital) continued NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 Gnts & Donations received included in the above. aro as follows.. 2024 2023 EducaOn Authority Northem Trust pscp SPOD ritish Council CINI Children in Need PHA Jobstart Clanrnill Housing DFG Donations 255,700 128.954 74,777 27.451 324,156 77,068 63,483 28,338 574 52,073 10,728 140,24e 9,351 60,677 29,916 146.626 5,200 223 5,720 8,319 OTHER TRADING ACTIVITIES Unrestrlcted Restri¢t•d Funds Funds 2024 2023 Other trading activities 95.026 815 95,841 44,880 INVESTMENTS Unrestrl¢ted Restrictad Fund5 Funds 2024 2023 Investrnenls 1,092 1,092 1,175 EXPENDITURE CHARITA8LE ACTIVITIES Direct Costs Othèr Costs Support Costs 2024 2023 Expenditure on charitable a¢bvitEs Governanc£ Costs {Note 4.21 787.512 30,903 4,514 818,415 4.514 674,086 38.049 787,512 35,417 822,929 710.135 2 GOVERNANCE COSTS DirgcE Costs Other Costs Support Costs 2024 2023 Chariiable activitigs- goveman costs 4,514 4.514 36,049 SUPPORT COSTS Charitable Governance Activities Costs 2024 2023 Support 30.903 4,514 35,417 36.049 17
Carrickfergus Young Mens Christian Association IA company limited by guar8nteo, not having a share capltall continued NOTES TO THE FINANCIAL STATEMENTS foi the financial year ended 31 March 2024 ANALYSIS OF SUPPORT COSTS 2024 2023 Support 35.417 36,049 NET INCOME 2024 2023 Net Income is ststed after ¢haTgingllcrèditingl: Deprèciation of tangible assets Auditorf5 remuneration.. audit senfices 31,583 31.713 3.568 3.920 INVESTMENT AND OTHER INCOME 2024 2023 Rent recetrv8ble Bank inleiest 23,099 1,092 23,531 1,175 24.191 24.706 EMPLOYEESAND REMUNERATION Number of employ8OS The average nurnber of persons employed lincluaing executive Irusteesl during the financial year was as follows.. 2024 Number 2023 Number Staff 27 27 The staff costs compfjse= 2024 2023 Vvages and salaries 521.250 524,366 TANGIBLE FIXED ASSETS Land and Fixtures. buildings fittings and freehold equipment Total Cost Al 31 March 2024 1.542,481 56.449 1.598.930 Depmciation At 1 April 2023 Charge for the financial year 340,613 30.850 51.S62 733 392,175 31,563 At 31 March 2024 371.463 52.295 423.758 Ngt book value At 31 March 2024 1.171.018 4.154 1,175,172 At 31 March 2023 1,201.868 4,887 1.206,755 18
Carrickfergus Young Mens Christian Association IA company limited by 9uarantee. not havlng a share capital) continued NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 The company re¢eived a number of grants and loans towards the conslructs'on ot new premise5 for the company 8130-34 Irish Quarterwest, Carrickfergus. As a result, the funders and lenders registered a number of charges and mortgagès against the propetty in COrnpan$ House Ihat ale all outstanding at present. The are as follows .' 1. International Fund for Ireland charges registered on 21412012 and 81512012 2. The Department ol EduGalion- charges registered on 51912011, 261612014 and 2411112014 3. Northern Bank- charges registered on 171812004, 281312008. 121W2009. 3011112012,1 and 19J8120141 There also exists a potential clawback condition on any disposal of the property. Full details of all the above chaiges can be found in Companies House. DEBTORS 10. 2024 2023 Trade debtors Prepayments and accrued income 4,357 45,724 29,342 50.081 29.342 CREDITORS Amounts falllng due within one y•ar other ereditors Accruals and deferred income 2024 2023 2.381 3,240 2.827 18.920 5.621 21.747 12. RESERVES 2024 2023 At the beginning of the yeaT Surplus for the financial year 1.568,427 9,248 1,518.169 50.258 Al the end of Ihe year 1.577.67S 1.568.427 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Rostrict•d Funds Funds Tota5 Funds At 1 April 2022 Movement during the financial year At 31 March 2023 Movemenl during the financial year Al 31 March 2024 633,fj72 91,741 884.497 (41,4831 1.S18,169 50.258 725.413 1376.569) 843.014 385.817 1.568.427 9,248 348.844 1.228.831 1.577,675 19
Carrickfergus Young Mens Christian Association continued IA c¢tnpany Ilmited by guarantee. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the finanoal year ended 31 March 2024 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 Aprll 2023 Income Expenditure Transfers betwee funds Balance 31 March 2024 Restricted funds Reslrietèd Youth Cènlre PAKT Gel Active Lottery TPP pcsp Designated Building Fund 843,014 (843.0141 30,644 71 14.8851 (24,2671 17,6051 1,175,172 104,249 57.367 60,992 157,251 74.677 134.893 57,438 35.911 99,846 66,747 20,196 33,138 325 1,175,172 843,014 454,536 394,835 326,116 1,228.831 Unrestrrctod funds Unrestricted General 725.413 377,641 428.094 1326,1161 348.844 Total tunds 1,568.427 832,177 822.929 1,577,675 12.3 ANALYSIS OF NET AssFfs BY FUND Fixed assets eharlty use Currgnl assèts Currènt liabilitiès Total Unrestricted general funds 1,175,172 408,124 15,6211 1,577.675 1.175,172 408,124 15,6211 1,577,675 14. STATUS The chartty is a cornpany limited by guarantee not having a share capital. The li8bility Of the members limited. Every member of the company undertakes to contribute to the asséts of the company in the event of its being wound up while they are members. or within one finan¢ial year thereafter. for the payment of the debts and liabilitie5 of the company contracted before they ceased to be members. and the costs. charges and exnSeS of winding up, and for th8 adjuslment of the rights of the contributors arnong themselve3, such amount as rnay be required, not exceeding £ 1. CONTINGENT LIABILITIES 15. The bullding al 30 - 34 Irtsh Quarter W8sI. Carriekfergus was bvill using a number of grants from different fundeTr as outlined in the text of note 9 of these financial statements. There is a potential dawba( of these funds upon Ihe sale of the property. if it were ever to be 501d. POST-BALANCE SHEET EVENTS 16. There have been no significant events affectsng the Charty since the finanrial yearnd. TRUSTEE REMUNERATION 17. None of the Trustees Jeceived orwaived any remuneration fortheirservic£s as trustee in the current or prewous financial year.
Carrickfergus Young Mens Christian Association continued IA company Ilmiled by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 18. AUDITORS REPIJUNERATION The slalutory audilots, Daly Park & Company Ltd, received a fee of £3,240 for their audit servlces for the 2024 financial yearend (2023- £nill. The previous auditors who carried out the audit of the 2023 financial statèments received a fee of £3,920 for their audit servIs. 21