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2023-03-30-accounts

Charity Registration No. 103817

Company Registration No. NI020374 (Northern Ireland)

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms Jade Irwin Mr Ian Crossan Mr William Gardiner Watson Mr James McFarland Ms Clare Pollock Ms Andrea Spence (Appointed 1 May 2022) Ms Karen Witherspoon Secretary Ms Jade Irwin Charity number 103817 Company number NI020374 Registered office 41/43 Bachelors Walk Lisburn Co. Antrim Northern Ireland BT28 1XN Auditor FPM Accountants Limited 1 - 3 Arthur Street Belfast Co. Antrim Northern Ireland BT1 4GA

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

CONTENTS

Page
Trustees' report 1 - 8
Statement of trustees' responsibilities 9
Independent auditor's report 10 - 16
Statement of financial activities 17
Balance sheet 18 - 19
Statement of cash flows 20
Notes to the financial statements 21 - 32

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report and financial statements for the year ended 31 March 2022.

The Report and financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2008, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).

YMCA Trustees Report

The YMCA was not alone in facing some tough challenges this year, including the tail-end and aftermath of the Covid19 lockdown. Numbers of volunteers dropped off, venues sat unused, and many vulnerable young people sank into social isolation, viewing the world through the distorted lens of social media.

In light of these challenges, I couldn’t be more proud of the way we have pulled together to continue to provide crucial services to those who need them. Where possible, we moved health educational and supportive services online, and reinvented or enhanced what we offer to reach more young and vulnerable people. Since the end of lockdown, we’ve been doing more than ever to serve the wider community. We’ve upskilled our staff, invested in facilities, and reached out to people yet to emerge from isolation to include them in face-to-face events.

The easing and eventual lifting of Covid 19 restrictions allowed us to resume face-to-face work with young people in youth, health and education and community engagement services. This meant we supported over ten thousand children and young people last year, which is an increase of nearly 5% on the previous year. As we emerged from two years of the Covid pandemic and its lockdowns, we’ve had to respond and adapt to the impact it’s had young people we support. Children, young people and families have been hit harder than most by the pandemic. The disruption to children’s education has had a profound impact on their mental health; the lockdowns put a strain on families leading to relationship breakdown & increasing numbers of young people experiencing homelessness, while young people’s emotional wellbeing suffered from of a lack of face to-face support and advice.

Youth development is core to our work and over the course of the year we provided youth services five nights per week for 42 weeks of the year with an average attendance of 30 young people. We delivered 30 separate group work interventions with each averaging six sessions. We also provided 4 residential experiences for the members. In addition, youth work delivering included detached work twice a week with upwards of 30 young people per a night and a four week summer scheme. The successes of our work is seen in the development of our relationships with the young people and in subtle yet important changes in their behaviours. We recognise and encourage their deepening engagement levels with us and the improving maturity that they display. We are attempting to equip them with skills, attitudes and knowledge that will improve their outcomes, protect them and help them make healthier choices.

There is no doubt that we face a societal crisis around young people’s mental health and wellbeing. The number of young people seeking help for mental health and emotional wellbeing issues was rising prepandemic, but in 2021/22, the lifting of Covid restrictions illuminated the full scale of the problem. The surge and ongoing increase in need was (and continues to be) felt across all of our young peoples and families services. Within YMCA Family Support Services we experienced an increase of almost a third in referrals of young adolescents, compared to the previous two years.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

As the volume of demand for services continues to rise, provision and resource continues to play catch up, leaving young people and families faced with a build-up of waiting lists across the system. Increasing numbers of children and young people are waiting for longer periods to be seen, which in turn, can increase risks related to emotional regulation, risk taking behaviours and self-harm. We’re working closely with all of our statutory partners in South Eastern Trust and PHA to try and secure extra funding to recruit more specialist staff and increase capacity.

Our targeted services for young people continues to be an increasingly important part of our mission. We know that early prevention provides the best outcome for young people. We were delighted to receive funding to be part of YMCA England and Wales’ Y’s Girls Programme; an early, effective, mentoring initiative that matches trained volunteer mentors from a range of different backgrounds in the wider Lisburn community with female-identifying young people aged 9-14 years olds. Y’s Girls aims to help build resilience and reduce the likelihood of young girls developing mental health concerns, by improving their confidence, skills and engagement with their communities. To date we have worked with 25 girls and Mentors and taken part in a national evaluation of the programme. Our vision for this Programme is to secure additional funding to maintain delivery for the next three years with the intended outcome of increasing the geographical reach of service delivery.

Health and wellbeing is an essential component of our mission to give everyone a fair chance to discover who they are and what they can become. Through our provision of a range of comprehensive needs led services aiding personal and social development throughout the Belfast and South Eastern Trusts, this year was certainly a busy year! The service delivered to 81 groups across the Trust area which engaged with a total of 670 young people who completed a Targeted Life Skills Programme. The programme is offered to youth groups and an example of host organisations include Ardoyne Youth Club, Grosvenor Grammar, Princes Trust, Hair and Beauty Academy and Lisnagarvey High School.

Many factors combine together to affect the health of young people, families and communities. Our commitment to promoting health particularly focuses on alcohol harm reduction through the SHAHRP Project. This has resulted in delivery to around 10’000 young people in post primary schools in Belfast and the South Eastern Education Authority Area. A total of 40 Senior School Intervention were offered to over 4200 young people from senior who took part in the educational intervention focusing on harms and risk associated to the Night Time economy, while a further 47 Junior School Interventions were provided for young people aged 12 to 14. A key focus of the success of SHAHRP is the ongoing training, support and coordination provided to Teachers who contribute to the delivery and implementation of the programme. This year 58 Teacher Training Sessions were delivered which engaged with almost 300 teachers in relation to ongoing training to deliver SHAHRP classroom interventions. Their role is pivotal and we extend our thanks to those partner Schools who participate in the Programme.

YMCA believe in empowering young people to discover who they are and what they can become. To this end we’ve provided youth work programmes, training, mentoring, social interaction, and experiential learning, along with other, direct forms of support such as family support. I’ve been particularly excited to see the newly refurbished YMCA Centre be increasingly utilized by groups and services, which provides so many vital touchpoints to support youth development & community engagement through a single venue. As we approach next year we look forward to the development of opportunities that will enhance and compliment current services and create strong links and synergy with our stakeholders across the statutory, voluntary and community sector. A huge thank you to all our dedicated staff and volunteers for helping us deliver on our aims and aspirations. The future is full of possibilities we are determined to grasp.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

In the midest of a very challenging year the Trustees present their annual report and audited financial statement of accounts for the year ended 31st March 2022. The accounts have been prepared in accordance with the accounting policies set out on pages 21 - 23 and comply with the charity’s Memorandum and Articles of Association, applicable law and the requirements of the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in March 2005 and requirements of the Companies Act 2006.

Legal Status

Lisburn YMCA is a recognised charity by the Inland Revenue as a company Limited by Guarantee, Charity Number XN72678, incorporated in April 1987 and more recently registered with the Charity Commission NIC03817. Its governing document is a constitution of Memorandum and Articles and the organisation receives monies from a range of sources including Government Departments, Lisburn & Castlreagh City Council, The Executive Office, Charitable Funds, and Corporate and Individual donors.

History to Lisburn YMCA

YMCA is the oldest and largest youth charity in the world, set up in England in 1844. Over the years, it has evolved into a global movement helping more than 58 million people across 119 different countries.

The association is a local autonomous voluntary Association of individuals motivated by a Christian ethos that recognises the uniqueness and worth of every individual. It is affiliated to YMCA Ireland which is the National movement which supports the work of 19 local YMCAs in Northern Ireland and the Republic. YMCA Lisburn benefits from participating in the global movement which has seen opportunities for many youth to engage with others from the UK, Europe and further afield. Through the National Council of YMCA Ireland, Lisburn YMCA is linked to the European Alliance of YMCAs and the World Alliance of YMCAs with over 58 million beneficiaries in 120 countries. Lisburn YMCA has adopted the operating standards introduced by the National Council of YMCAs in Ireland, and is reviewed annually to ensure compliance with these standards.

Lisburn YMCA has, since its inception identified Young People as its primary beneficiary providing training and education, personal development, health programmes and family support. Over the past year the Trustees reaffirmed their commitment to young people through the prioritisation of three core priorities which include; youth development, healthy living and community engagement. This has been made possible through collaborative working and partnership with Government Departments, Statutory Bodies, Voluntary organisations, Charitable Trusts and individual donations.

Mission Statement of Lisburn YMCA

Lisburn YMCA is an inclusive christian youth organisation, open to people of all faiths and none. YMCA works to transform the lives of children and young people, empowering them to create positive change in their lives and communities. We seek to work with all children and young people in a non-judgmental and supportive manner.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Core Principles

Lisburn YMCA upholds the following core principles:

Recognising the value of all persons, we strive for respect and freedom, justice and equal opportunity and tolerance and understanding for all people.

Values of Lisburn YMCA

Lisburn YMCA believes that an ethos of care and compassion should underpin all aspects of our work. In particular, the Association aims to live out the following Christian values:

Achieving our mission and vision is further dependent on:

Lisburn YMCA will use all its resources for the work of the organisation and advance its Aim and Core principles. It will continually keep the financial procedures and systems of the organisation under review to ensure the highest levels of integrity and good practice.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Risk Management

YMCA Lisburn operates a comprehensive corporate risk management process in order to ensure the appropriate steps are taken to manage and mitigate risk. The Board of Trustees has overall responsibility for ensuring implementation of an appropriate system of controls, financial and otherwise, to provide reasonable assurance that;

The Board operates a formal risk management process to assess business risks and implement risk management strategies. This involves identifying the types of risks we face, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of managing the risks. A risk register is kept and updated and controls are established to minimise the identified risks. Annual Risk Management training is undertaken by the General Secretary and her colleagues.

Key elements in place which assist in minimising the risk are:

A formal review was undertaken between January and March 2018 and having examined the major risks to which the charity is exposed, the Trustees are satisfied that the charity’s procedures and controls adequately minimise the risks identified.

Public Benefit Statement

The Board has considered the general guidance on public benefit issued by the Charity Commission and has taken due regard of that guidance and is satisfied that the charity’s activities do provide wider public benefit.

Strategic Action Plan

Lisburn YMCA strategic plan for 2020 - 2023 highlighted the following aspirations;

YMCA should develop programmes that create opportunities for participatory youth work, increasing selfconfidence and empowering young people to deal with issues such as personal relationships,, conflict, diversity and healthy lifestyles. The Association should be proactive in programme planning, identifying and understanding local need and in creating innovative responses. It should seek to build a strong community of young people, volunteers and staff who share ownership of the organisation, making the most of effective communication internally and externally, promoting Christian social action and advocating for the benefit of young people. It should build sufficient resources to be effective in the long term.

The Association should seek to increase its ability to measure impact and disseminate outcomes of its work, thus contributing to the development of public policy in relation to the areas of youth development, health education and community engagement.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Target Group

The main focus of the Association’s work will be with young people aged 5-25years old, vulnerable adults and families. Our plans include;

Partnership working

The above will be achieved by working collaboratively and in partnership with key agencies such as Education Authority, South Eastern Health & Social Care Trust, PHA, The executive Office, Big Lottery, local Schools and an array of Charitable Trusts and other organisations within the voluntary and community sector.

Key Targets & Pans for future periods

Lisburn YMCA identified the following key targets for the incoming year;

  1. To ensure Youth Work is an integral and prominent feature of Lisburn YMCA’s work

  2. To provide a range of educational, health and support programmes that meet the needs of the target group

  3. To review organisational systems, policies and procedures

  4. To communicate relevant, timely and valued information to our different stakeholders and funders

  5. To work in partnership and actively seek new partnerships with those who share or can further our aims for working with young people

  6. To develop collaborative practice with local YMCA associations

Financial Review & Reserves Policy

The Statement of Financial Activities on pages 17 & 18 report on the charitable activities in brief with an expanded analysis in the notes on pages 24 - 32 to the accounts. It shows the overall source and application of funds. The Charity had net incoming resources as at the 31 March 2022 of £184,264.

The organisation will strive to hold in cash, reserves equivalent to a minimum of six months overhead costs. These reserves are used to meet the charity’s strategic objectives of supporting vulnerable young people to belong, contribute and thrive.

Looking ahead to the first six months of the new financial year 2022-23 has concluded with material political and economic uncertainty impacting many organisations and individuals as interest rates rise and inflation reaches unprecedented levels in recent times. The same impact is being felt by YMCA Lisburn. Global utility prices have rocketed with no sign to an end to price volatility. The impact of inflation, coupled with increasing domestic utility increases has created cost of living challenges for many including YMCA Lisburn service users, staff and volunteers. Alignment to prior external benchmarking has already become dated and there is a need to further compensate to help through the cost-of-living crisis. Work has commenced to generate proposals while considering the financial viability for the organisation. With such financial pressures it is realistic to expect that there will be a deterioration in performance for the new financial year, the same will apply to many charities and voluntary organisations in similar positions. Business planning has taken on an even greater importance to assess outcomes for the current financial year and the years following.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Investment Policy

The organisation will seek to maximise both capital growth and monthly income from any investment. It will assume a ‘low to medium’ risk strategy and currently holds and investments in a Business Term deposit Account.

Structure, governance and management

The Executive Committee of YMCA Lisburn is an elected body of the membership. It is elected at the Annual General Meeting in accordance with the constitution of the Association and is responsible for the planning, co-ordination and governance of the organisation. The Board of Trustees which can have up to 15 members, administer the Charity. The officer roles include a Chair, Vice Chair, Secretary and Treasurer which are elected annually. The Board meets a minimum of ten times per annum.

The operational day to day management is delegated to the General Secretary who operates within approved guidelines for matters relating to finance, programme development, policy review and employment. They report to the Chair of the Management Committee on a monthly basis. The current General Secretary is Pauline McMullan, who has been in the position since September 2011. The ongoing work of the Association is supported, reviewed and developed through a series of sub groups chaired by Board members. Policy development and review is influenced by use of the Charity Commission guidelines as a mechanism for determining good practice.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms Jade Irwin

Mr Ian Crossan Mr William Gardiner Watson Mr James McFarland Ms Clare Pollock Ms Andrea Spence (Appointed 1 May 2022) Ms Karen Witherspoon Ms Gladys Anne Adams (Resigned 1 May 2022)

Trustee Induction and Training

All Trustees undergo an orientation training day to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the structure of the Committee and decision making process, the business plan and the recent financial performance of the Charity. There is also a briefing by the General Secretary on vision, mission and values, strategic aims and current activities of the Association and an opportunity to meet key employees and other Trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Auditor

FPM Accountants has been appointed to undertake the Accounts of Lisburn under section 487(2) of the Companies Act 2006. This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.

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YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED .31 MARCH 2022

Each of the persons who is a trustee at the date of approval of this report confirms that

In conclusion, without a doubt it has been a very challenging year, especially in respect to applying for funds given the impact of the pandemic on the survival of voluntary & communi[ty ] sector organisations. It's created a hugely competitive environment for financial resources. We have persevered and been working to in a funding strategy. We are ve[ry ] grateful for the funders who have seen the value of our work by investin[g ] us. We want to say a big thank you to everyone who has contributed to our services and programmes. We are deeply appreciative of all our partners who have continued to work alongside us, and of the new partners we have connected with over this last year. Looking ahead at 2022-2023, we look forward to greater stabil[ity ] and growth of our much needed services. As the pandemic restrictions ease, we aim to return to more face to face activity. Although, the pandemic has had a big impact, we recognise the benefit of additional skills and experience in our organisation. This puts us in a stron[g] er position to ad[j] ust to difficult circumstances should the need arise again.

The trustees' report was approved by the Board of Trustees.

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YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors of Young Men's Christian Association (Lisburn) Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

Opinion

We have audited the financial statements of Young Men's Christian Association (Lisburn) Limited (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements 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 accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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 in this regard.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine 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 trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 65 of the Charities Act 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. 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 economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

We obtained an understanding of the legal and regulatory framework applicable to the company through enquiry of management, sector research and the application of cumulative audit knowledge. We identified the following principal laws and regulations relevant to the company – Companies Act 2006, Charities Act (Northern Ireland) 2008 and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

We developed an understanding of the key fraud risks to the entity (including how fraud might occur), the controls in place to help mitigate those risks, and the accounts, balances and disclosures within the financial statements which may be susceptible to management bias. Our understanding was obtained through review of the financial statements for significant accounting estimates, analysis of journal entries, walkthrough of the key controls cycles in place and enquiry of management.

Our procedures to respond to those risks identified included, but were not limited to: - Enquiry of management, those charged with governance and the entity’s solicitors (or in-house legal team) around actual and potential litigation and claims.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

AN AAB GROUP COMPANY

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

':fl(\�� Lowry Grant (Senior Statutory Auditor) for and on behalf of FPM Accountants Limited

Chartered Accountants

Statutory Auditors

1 - 3 Arthur Street Belfast Co. Antrim Northern Ireland BT1 4GA

FPM Accountants Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.

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www.fpmaab.com I info@fpmaab.com

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income and endowments from:
Donations and legacies
3
1,557
-
Charitable activities
4
311,710
390,383
Investments
5
3,542
-
Other income
6
8,060
-
Total income
324,869
390,383
Expenditure on:
Charitable activities
7
145,798
385,190
Net incoming
resources before
transfers
179,071
5,193
Gross transfers
between funds
28,444
(28,444)
Net income/(expenditure)
for the year/
Net movement in funds
207,515
(23,251)
Fund balances at 1
April 2021
1,626,263
511,077
Fund balances at 31
March 2022
1,833,778
487,826		 Total Unrestricted
funds
2022
2021
£
£
1,557
4,920
702,093
392,065
3,542
3,323
8,060
1,136
715,252
401,444
530,988
170,507
184,264
230,937
-
1,382
184,264
232,319
2,137,340
1,393,944
2,321,604
1,626,263		 Restricted
funds
2021
£
-
692,126
-
1
692,127
339,486
352,641
(1,382)
351,259
159,818
511,077		 Total
2021
£
4,920
1,084,191
3,323
1,137
1,093,571
509,993
583,578
-
583,578
1,553,762
2,137,340

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

BALANCE SHEET

AS AT 31 MARCH 2022

Notes
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds		 2022
£
525
103,439
1,820,130
1,924,094
(78,858)		 £
476,368
1,845,236
2,321,604
487,826
1,833,778
2,321,604		 2021
£
894
41,618
1,626,629
1,669,141
(49,072)		 £
517,271
1,620,069
2,137,340
511,077
1,626,263
2,137,340

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

The company is entitled to the exemption .from the audit requirement contained in section 4TI of the Companies Act 2006, for the year ended 31 March 2022, although an audit has been carried out under section 65 of the Charities Act (Northern Ireland) 2008. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts under the requirements of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees o� �

�� Ms Clare Pollock Trustee Trustee

Company Registration No. NI020374

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash generated from operations
19
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Financing activities
Repayment of bank loans
Net cash (used in)/generated from
financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
£
(19,292)
3,542
(21,932)		 £
231,183
(15,750)
(21,932)
193,501
1,626,629
1,820,130		 2021
£
(419,182)
3,323
21,932		 £
625,587
(415,859)
21,932
231,660
1,394,969
1,626,629

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Young Men's Christian Association (Lisburn) Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 41/43 Bachelors Walk, Lisburn, Co. Antrim, BT28 1XN, Northern Ireland.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property Improvements 25% on cost, 10% on cost and 2% on cost Plant and equipment 10% on cost Fixtures and fittings 10% on cost Computers 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies (Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Donations and gifts 1,557 4,920

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

4
Charitable activities
Unrestricted
2022
£
Performance related
grants
311,710
Analysis by fund
Unrestricted funds
311,710
Restricted funds
-
311,710
Performance related grants
NIHE
-
Lisburn City Council
-
Education Authority
-
Public Health Agency
155,544
Ards & North Down
Council
-
DOJ - ARCS
-
YMCA - Y's Girls
-
South Eastern H&SC Trust
126,433
TEO - Good Relations
-
BBC Children In Need
-
Other
29,733
311,710		 4
Charitable activities
Unrestricted
2022
£
Performance related
grants
311,710
Analysis by fund
Unrestricted funds
311,710
Restricted funds
-
311,710
Performance related grants
NIHE
-
Lisburn City Council
-
Education Authority
-
Public Health Agency
155,544
Ards & North Down
Council
-
DOJ - ARCS
-
YMCA - Y's Girls
-
South Eastern H&SC Trust
126,433
TEO - Good Relations
-
BBC Children In Need
-
Other
29,733
311,710		 Restricted
2022
£
390,383
-
390,383
390,383
42,565
14,560
65,229
101,156
20,160
11,300
53,854
-
22,833
35,372
23,354
390,383		 Total
Unrestricted
2022
2021
£
£
702,093
392,065
311,710
392,065
390,383
-
702,093
392,065
42,565
-
14,560
-
65,229
-
256,700
149,037
20,160
-
11,300
-
53,854
6,200
126,433
132,204
22,833
-
35,372
-
53,087
104,624
702,093
392,065		 Total
Unrestricted
2022
2021
£
£
702,093
392,065
311,710
392,065
390,383
-
702,093
392,065
42,565
-
14,560
-
65,229
-
256,700
149,037
20,160
-
11,300
-
53,854
6,200
126,433
132,204
22,833
-
35,372
-
53,087
104,624
702,093
392,065		 Restricted
2021
£
692,126
-
692,126
692,126
36,169
4,136
508,462
106,461
14,577
-
-
-
-
15,702
6,619
692,126		 Total
2021
£
1,084,191
2022
£
311,710
311,710
-
311,710
-
-
-
155,544
-
-
-
126,433
-
-
29,733
311,710		 2021
£
392,065
392,065
-
392,065
-
-
-
149,037
-
-
6,200
132,204
-
-
104,624
392,065
392,065
692,126
1,084,191
36,169
4,136
508,462
255,498
14,577
-
6,200
132,204
-
15,702
111,243
1,084,191

5 Investments

Interest receivable

Unrestricted Unrestricted
funds funds
2022 2021
£ £
3,542 3,323

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

6 Other income
Unrestricted Unrestricted Restricted Total
funds funds funds
2022 2021 2021 2021
£ £ £ £
Other income 8,060 1,136 1 1,137

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

7 Charitable activities

Unrestricted
Restricted
2022
2022
£
£
Staff costs
103,925
257,820
Depreciation and
impairment
15,841
44,354
Insurance
5,283
-
Light and Heat
1,458
5,558
Telephone
202
1,050
Postage and Stationery
79
6,190
Sundries
761
119
Repairs and Maintenance
546
162
Cleaning and Hygiene
1,064
702
Travel Expenses
6,829
14,835
Programme Costs
2,687
38,194
Computer Expenses
1,136
749
Bank Charges
160
-
Rent and Rates
2,498
1,500
142,469
371,233
Share of governance costs
(see note 8)
3,329
13,957
145,798
385,190
Analysis by fund
Unrestricted funds
145,798
-
Restricted funds
-
385,190
145,798
385,190		 Total
Unrestricted
Restricted
2022
2021
2021
£
£
£
361,745
156,023
213,820
60,195
4,983
55,721
5,283
(14)
5,215
7,016
(668)
3,747
1,252
1,574
1,965
6,269
(3,002)
7,984
880
256
-
708
1,536
703
1,766
338
692
21,664
1,676
2,321
40,881
(1,926)
37,294
1,885
547
589
160
125
-
3,998
1,500
920
513,702
162,948
330,971
17,286
7,559
8,515
530,988
170,507
339,486
145,798
170,507
-
385,190
-
339,486
530,988
170,507
339,486		 Total
2021
£
369,843
60,704
5,201
3,079
3,539
4,982
256
2,239
1,030
3,997
35,368
1,136
125
2,420
493,919
16,074
509,993
170,507
339,486
509,993

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

8 Support costs

Support
costs
Governance
costs
£
£
Audit fees
-
6,096
Legal and professional
-
11,190
-
17,286
Analysed between
Charitable activities
-
17,286		 2022
£
6,096
11,190
17,286
17,286		 Support
costs
Governance
costs
£
£
-
4,578
-
11,496
-
16,074
-
16,074		 2021
£
4,578
11,496
16,074
16,074

Governance costs includes payments to the auditors of £4,800 (2021- £5,880) for audit fees.

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
34 40
Employment costs 2022 2021
£ £
Wages and salaries 328,266 332,577
Social security costs 20,302 24,206
Other pension costs 13,177 13,060
361,745 369,843

Remuneration received in the year by the Charity's key management amounted to £106,985.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

11
Tangible fixed assets
Property
Improvements
Plant and
equipment
Fixtures and
fittings
Computers
£
£
£
£
Cost
At 1 April 2021
526,805
16,252
50,884
56,517
Additions
13,475
-
2,491
3,326
At 31 March 2022
540,280
16,252
53,375
59,843
Depreciation and impairment
At 1 April 2021
52,680
14,386
12,069
54,052
Depreciation charged in the year
52,680
797
5,753
965
At 31 March 2022
105,360
15,183
17,822
55,017
Carrying amount
At 31 March 2022
434,920
1,069
35,553
4,826
At 31 March 2021
474,125
1,866
38,815
2,465
12
Stocks
2022
£
Finished goods and goods for resale
525
13
Debtors
2022
Amounts falling due within one year:
£
Trade debtors
85,690
Prepayments and accrued income
17,749
103,439		 Total
£
650,458
19,292
669,750
133,187
60,195
193,382
476,368
517,271
2021
£
894
2021
£
25,026
16,592
41,618

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

14
Loans and overdrafts
Bank loans
Payable within one year
15
Creditors: amounts falling due within one year
Notes
Bank loans
14
Trade creditors
Other creditors
Accruals and deferred income		 2022
£
-
-
2022
£
-
20,782
1,622
56,454
78,858		 2021
£
21,932
21,932
2021
£
21,932
13,224
7,811
6,105
49,072

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YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

17
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31
March 2022 are
represented by:
Tangible assets
106,722
369,646
Current assets/(liabilities)
1,727,056
118,180
1,833,778
487,826		 Total Unrestricted
funds
2022
2021
£
£
476,368
15,781
1,845,236
1,610,482
2,321,604
1,626,263		 Restricted
funds
2021
£
501,490
9,587
511,077		 Total
2021
£
517,271
1,620,069
2,137,340

18 Related party transactions

19
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in stocks
(Increase) in debtors
Increase in creditors
Cash generated from operations
20
Analysis of changes in net funds
At 1 April 2021
£
Cash at bank and in hand
1,626,629
Loans falling due within one year
(21,932)
1,604,697		 2022
2021
£
£
184,264
583,578
(3,542)
(3,323)
60,195
60,704
369
(894)
(61,821)
(41,618)
51,718
27,140
231,183
625,587
Cash flows
At 31 March
2022
£
£
193,501
1,820,130
21,932
-
215,433
1,820,130		 2021
£
583,578
(3,323)
60,704
(894)
(41,618)
27,140
625,587
1,820,130