Carrickfergus Young Mens Christian Association
IA company limited by guarantee, not havlng a shar8 capital)
STATEMENT OF FINANCIAL ACTIVITIES
Ilncorporating an Income and Expendlturè Accounti
for the financial year ended 31 March 2025
Unrestricted Restricted
Funds
Funds
2025
2025
Total Unrestricted Restricted
Funds
Funds
Funds
2025
2024
2024
Total
Funds
2024
Notes
Income
Donations and legacies
Other trading activities
Investments
276,444
50.305
1.156
386,173
662.617
50,305
1,156
281,523
95,026
1.092
453,721
815
735,244
95,841
1,092
Total income
327,905
386,173
714,078
377,641
454.536
832,177
Expendlture
Chartlable activities
416.804
298,861
715,665
428,094
394.835
822,929
Net incomel(expenditure}
(88,8991
87,312
{1.587}
(50,453}
59,701
9,248
Transfers between funds
135.213
(135.213)
1326.116}
326.116
Other recognised gain$lllosses):
Surpluslldeficil) for the
financial year
Unrealised gainsl{losses} on
investments
46.314
147.901)
{1.587) 1376.569)
385,817
9.248
151,450
151,450
Net movement in funds for
the financlal year
46.314
103,549
149,863
1376.S691
385.817
9.248
Reconclllatlon of funds:
Total fvnds beginning of the
year
13
348,844 1.228,831 1.577.675
725,413
843,014 1.568.427
Total funds at the end of
the year
395.158 1.332.380 1.727.538
348,844 1,228,831 1,577,675
The Statement of Financial A¢livities includes all gains and losses recognised in Ihe financial year.
All income and expenditure relate to continuing activities.
The notes on pages 15 to 21 fomi part of the finanrAal statements
13

Carrickfergus Young Méns Christian Association
IA conpany I1￿.tt￿l )y (Jiithrantco. rbvt %￿r¥ ¢•PiWJ
ompany N'k741YJIIA
BALANCE SHEET
1015
2024
Fued Assets
Tar•WI¥
1.332.380
Cunwrt A8rrtts
10
45,S81
352.974
t r>a￿ in
398.555
<GB.124
CTrdjtor8". AnK*unts ts1Sng duE vrithin on• y
Mgt CurT•nt *A8ets
41
13.3Y71
395.158
Totsl AM•ts Gun*nt L¥Jbililie
1,72T.53B
liusl ru￿.%
s¥nateO:undi jUntrestsrlv•
cyB￿rI1 I"nd lunreslnuedl
122é.l31
1fj5.0
230.1
Total lunds
13
1,727.53
j75
Tllè%tt". fflanritii •tsrngr￿ have b￿_fi -repa￿1 in arcoranc• PP.e rgJ4img ty SM￿ comp4r
vilmirt Pa-,115 vl the ConpBviesA¢t 2COS
fré fin7r.rtsal strtorngnts Pfepirttl * ylC£*¥•#?nc4 .1ppIK&lo to compa-, .es SLdive. tr¥
tThè &*)Jll Ltir.ponKY' and In awydaptr w.YT 10? The F nar.cKg1 R&wxEii'.g St.Ind?r aw11￿￿￿ In. UK
Apprtsved by the Bo*rd of Tn*t••• •nd authorixed fur ESSU• OTr 9 Jun• 2025 and 51sned vn b•h411 by
Di(eeto*
Olre¢tor
Y. ￿&￿) 15 1021 ftrTP rtftrg f￿01 L7al sknLtrr.rts
14

Carrickfergus Young Mens Christian Association
IA Company limited by guarants•. not havin9 a share capltall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
GENERAL INFORMATION
Carrickfergus Young Mens Christian Association is a company limited by guarantee incorporated in Northern
Ireland. The registered office of the charity is 30 - 34 Irish Quarter Wesl, Carrickfergus, Co. Antrim, BT38 8AT
which is also the principal place of business of the charity- The financial statements have been presented in
Pound {£) which is also the functional currency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered
material in relation to the charity's financial statements.
Basls of preparation
The financial slalemenls have been prepared on the going concern basis under the historical cost convention.
modified lo include certain items at fair value. The financial slalements have been prepared in accordance
with the Statement of Recommended Practice ISORP} 'Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland
FRS 102" applying Section 1A of that Standard.
As pemitted by the Companies Act 2006, the charity has varied the standard fom8ts in that act for the
Statement of Financial Activities and the Balance Sheet. Departures from the standard fomials are to comply
with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that
SORP.
Statement of compliance
The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on
the going concern basis and in accordan￿ with the Statement of Recommended Pra￿1￿ (SORPI
"Accounting and Reporting by Charities preparing their accounts in accordance wth the Finanaal Reporting
Stsndard applicable in the UK and Republic of Ireland FRS 102. applying Section 1A of that Standard.
Fund accounting
The following are the categories of funds maintained..
Restricted funds
Reslricled funds represent income received which can only be used for particular purposes, as specified by
the donors. Such purposes are wthin the overall objectives of the charity.
Unrestrlcted funds
Unrestricted funds consist of General and Designated funds.
General funds represent amounts which are expendable at the discretion of the board, in furtherance of the
objectives of the charity.
Designated funds comprise unrestricted funds that the board has. al ils discretion. set aside for particular
purposes. These designations have an administrative purpose only. and do legally restrict the board's
discretion to apply the ftjnd.
Incomo
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally
entitled lo the incorne. performance conditions attached to the ilem{sl of income have been mel, the amounts
involved can be measured with sulficient reliability and it is probable that the income will be received by the
charity.
Income from charitable actlvltles
Income from charitsble activities include income earned from the supply of services under contrartual
arrangements and from performance related grants which have conditions that specify the provision of
particular services to be provided by the charity. Income from government and other CO•funders is recognised
when the chaTity is legally entiued to the income because It 15 fulfilling the condltions contained in the related
funding agreements. Where a grant is received in advance. its recognition is deferred and included in
creditors. Where entitlement occurs before income is received, it is accrued in debtors.
Grants from governments and other co-funders typically include one of the following types of conditions=
Perfomiance based conditions= whereby the charity is contractually enlilled lo funding only to the extent that
the core objectives of the grant agreement are achleved. Where the charity is meeting the core objectives of a
15

continued
Carrickfergus Young Mens Christian Association
IA cornpany limlted by guarantee, not having a share capltall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
grant agreement. it recognises the related expenditure. to the extent that il is reimbursable by the donor. as
income.
-Time based conditions.. whereby the charity is conlraclually enlilled to funding on the condition that il is
utilised in a particular period. In these ease5 the charity recognises the income to the extent il is ulilised within
the period specified in the agreement.
In the absence of such condltions. assuming that receipt is probable and the amount can be reliably
measured. grant income is iecognised once the charity is notified of entillemenl.
Grants received towards capital expenditure are credited lo the Statement of Financial Activities when
received or receivable, whichever is earlier.
Expendlture
Expenditure is analysed beiween costs of charitable activities and raising funds. The costs of each activity are
separately accumulated and disclosed. and analysed according to their major components. Expenditure is
recognised when a legal or Constructive obligation exists as a result of a past event. a transfer of economic
benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs
are those functions that assist the work of the charity bul cannot be atlribuled to one activity. Such costs are
allocated to aclivrlies in proportion lo staff lime spent or other suitable measure for each activity.
Tangible flxed assets and depreciation
Tangible fixed assets are staled at cost OT at valuation, less accumulated depreciation. The charge lo
depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their eslimaled
residual value. over their expected useful lives as follows..
Land and buildings freehold
Fixtures, fittings and equipment
2Vo Straight line
150A Reducing balance
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at
the amount prepaid net of any trade discounts due. Income recognised by the charity from govemment
agencies and other w-funders, bul not yel received at financi81 year end. is included in debtors.
Cash at bank and in hand
Cash al bank and in hand comprises cash on deposit at banks requiring less than three months notice of
withdrawal.
Taxation and deferred taxatlon
No current or deferred taxation arises as the charity has been granted eharitable exèrnption. Irrecoverable
valued added lax is expensed as incurred.
Deferred tax is recogni5ed in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will Tesull in an obligation lo
pay more lax in the future, or a Tight to Pay les5 lax in the future. Timing differences are temporary differences
between the charity's taxable income and its results as ststed In the financial Statements.
Deferred lax is measured on an undiscounted basis at the tax rates that are anlicipaled to apply in the periods
in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted
or Substantively enacted by the balance sheet date.
INCOME
DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
2025
2024
Donations and legacies
276,444
386,173
662,617
735.244
OTHER TRADING ACTtVlTIES
Unrestricted Restricted
Funds
Funds
2025
2024
Other trading activities
50,305
50,305
95.841
16

continued
Carrickfergus Young Mens Christian Association
IA ¢ornpany Ilmlted by guarantee. not havlng a share ¢apltall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
INVESTMENTS
Unrestrlcted Restrlcted
Funds
Funds
2025
2024
Investments
1,156
1.156
1.092
EXPENDITURE
CHARITABLE ACTIVITIES
Dlrect
Costs
Other
Costs
Support
Costs
2025
2024
Expenditure on charitable acliviles
Govemance Costs (Note 4.2)
710,413
3,240
1,749
263
712,162
3.503
818,415
4,514
713,6S3
2,012
715,665
822,929
GOVERNANCE COSTS
Direct
Costs
Other
Costs
Support
Costs
2025
2024
Charitable activities governance
costs
3,240
263
3,503
4.514
SUPPORT COSTS
Charitable Governance
AGtivities
Costs
2025
2024
Support
1,749
263
2,012
35.417
ANALYSIS OF SUPPORT COSTS
2025
2024
Support
2.012
35.417
NET INCOME
2025
2024
Net Income is stated after chargingl{credlting}:
Depre¢ialion of tan9ible assets
Auditorfs remuneration..
audit services
1.749
31.583
3,240
3,568
INVESTMENT AND OTHER INCOME
2025
2024
Rent receivable
Bank interest
18.694
1,156
23,099
1,092
19.850
24,191
17

continued
Carrickfergus Young Mens Christian Association
IA Company Ilmtted by guarante8, not having a Share ¢apltall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
EMPLOYEES AND REMUNERATION
Number of employees
The average number of persons employed {induding executive trustees) during the financlal year was as
follows..
2025
Number
2024
Number
Staff
27
27
The staff costs comprise..
2025
2024
Wages and salaries
511,732
521,250
TANGIBLE FIXED ASSETS
Land and
Fixtures.
bulldings flttings and
freehold
equipment
Total
Cost or Valuatlon
Al 1 April 2024
Additions
Revaluation
1,542,481
56,449
7.507
1,598,930
7.507
151,450
151,450
Al 31 March 2025
1.693.931
63.956
1,757.887
Depreciation
Al 1 April 2024
Charge for the financial year
371.463
52.295
1,749
423.758
1,749
Al 31 Mareh 2025
371.463
54.044
425.507
Net book value
At 31 March 2025
1,322.468
9,912
1.332.380
At 31 March 2024
1.171.018
4.154
1.175,172
The buildings wer9 revalued during the year. resulttng in a combined unrealised gain of £151k.
The company received a number of grants and loans towards the construction of new premises for the
company at 30-34 Irish Quarter Wesl, Carrickfergu5. As a result. the funders and lenders registered a number
of charges and mortgages against the property in Companies House that are all outstanding at present. There
are as follows
1. Inlemalional Fund for Ireland- charges registered on 21412012 and 81512012
2. The Department of Education - charges registered on 51912011. 261812014 and 2411112014
3. Northern Bank- charges registered on 171812004, 281312008, 121812009, 3011112012, and 191812014
There 3150 exists a potential clawback condition on any dlsposal of the property. Full detalls of all the above
charges can be found in Companies House.
10.
DEBTORS
2025
2024
Tradg debtOTS
Prepayments and accrued income
2.683
42,898
4,357
45.724
45.581
50.081

continued
Carrickfergus Young Mens Christian Association
IA eompany limhted by 9uarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
11.
CREDITORS
Amounts falllng due within ono yaar
2025
2024
Other creditors
Accruals and deferred income
157
3,240
2,381
3,240
3.397
5.621
12.
RESERVES
Revaluation
rasorve
Funds
Total
At the beginning of the year
1.577.675
1.577.675
151.450
11,587}
151,450
(Defieilllsurplus for the financial year
11.5871
Al the end of the year
151.450
1.576.088
1.727.538
13.
FUNDS
13.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrgstricted Restricted
Funds
Funds
Total
Funds
At 1 April 2023
Movement during the financial year
725.413
{376,5691
843.014
385,817
1,568,427
9.248
At 31 March 2024
Movement during the financial year
348.844
46,314
1.228,831
103,549
1,577.675
149,863
At 31 March 2025
395,1 $8
1.332.380
1.727.538
19

continued
Carrickfergus Young Mens Christian Association
IA company limited by guarantee, not havlng a share eapltall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
13.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
Income Expenditure
1 Aprll
2024
Transfers
between
funds
Gains and
losses
Balance
31 March
2025
Restricted funds
Youth Centre
PAKT
Get Active Lottery
TPP
pcsp
Designated
Building Fund
E2T
102,886
70,162
9.087
130,961
53,700
83,052
59,516
11,125
86,189
51,904
{19.8341
(10,6461
{18,1581
(77.9101
12.1211
5,758
20,196
33,138
325
1.175.172
151,450
1,332,380
19,377
7,075
{12.3021
1,228,831
386.173
298,861
1135,2131
151,450
1.332.380
Unrestricted funds
Building Sinking
Fund
Capitsl Investment
Fund
Sister Organisalion
Assistance Fund
Unrestricted
General
10,000
10.000
105,000
105,000
50,000
50,000
348.844
327.905
416,804
{29,787}
230,158
348.844
327.905
{416,8041
135,213
395,158
Total funds
1,577,675
714,078
715.665
151.450
1.727,538
13.3 ANALYSIS OF NET ASSETS BY FUND
Fixed
assets
- charity use
Current
assets
Current
liabilities
Total
Unrestricted general funds
1,332,380
398,555
13.3971
1,727,538
1.332.380
398.555
13.3971
1.727.538
14.
STATUS
The charity is a company limited by guarantee not having a share capital.
The liability of the members is limited.
Every member of the rompany undertakes to contribute lo the assets of the company in the event of its boing
wound up while they are members, or within one financial year thereafter. for the p8ymenl of the debts and
liabilities of the company contracted before they ceased lo be members, and the costs, charges and expenses
of winding up, and for the adjuslmenl of the rights of the contributors among themselves, such amount as may
be required. not exceeding £ 1.
15.
CONTINGENT LIABILITIES
The building at 30 - 34 Irish Quarter West, Carrickfergus was built using a number of grants from different
funders as outlined in the text of note 9 of these financial slalements. There is a potential clawback of these
funds upon the sale of the property. if it were ever to be sold.
16.
POST-8ALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
20

continued
Carrickfergus Young Mens Christian Association
IA company Ilmlted by guarantee. not havlng a share capltall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
17.
TRUSTEE REMUNERATION
None of the Trustees re￿iVed or waived any remuneration for their services as trustee in the current or
previous financial year.
18.
AUDITORS REMUNERATION
The slalulory auditors, Daly Park & Company Ltd, received a fee of £3,240 for their audit services for the 2025
financial year end12024- £3,240).
19.
RELATED PARTY TRANSACTIONS
During the year, a company owned by a trustee, entered in lo a lease agreement with CaTrickfergus YMCA for
the rental of space within the building at 30 - 34 Irish Quarter West, Carrickfergus. The lease agreement is at
the current market value and the transaction is at arm's length. £3.728 was paid to Carrickfergus YMCA
during the current year (NIL- 2024}.
21