OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-30-annual-return

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 2023

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 Ms Karen Witherspoon

(Appointed 1 May 2022)

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 - 9
Statement of trustees' responsibilities 10
Independent auditor's report 11 - 17
Statement of financial activities 18
Balance sheet 19 - 20
Statement of cash flows 21
Notes to the financial statements 22 - 34

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their report and financial statements for the year ended 31 March 2023.

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

In the midst of a very challenging year the Trustees present their annual report and audited financial statement of accounts for the year ended 31st March 2023. 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)”

This year has been particularly challenging and our young people, families and the wider community. The lingering aftermath of COVID-19 and ongoing cost of living crisis continues to make its mark across society and is increasingly prevalent in our support and delivery of services. However, I couldn’t be prouder of the way we have pulled together to continue to provide crucial services to those who need them across the thematical areas of Youth Development, Health & Education & Community Engagement. Our children and young people have contributed so much this year and it is inspiring to hear their voices being heard loud and clear through our service design, delivery and evaluation systems.

The environment for our Youth Development work was again challenging this year as funding from EA was reduced to the minimum transitional funding available which left a financial shortfall but thankfully the Executive Board agreed to utilize financial reserves to cover the deficit. It was also further complicated by an change in staff personnel as the Youth Worker moved internally within the Organisation to take up the new Mental Health position. A fabulous candidate was successful in the recruitment process and stepped into the position in a part time capacity as she finished her post graduate studies. Being well supported by the part time and full time colleagues she made a great impact and contributed most effectively to the smooth running of the youth Centre and evening programmes.

Drawing upon many years of demonstrable youth work delivery we acknowledge many young people present with adverse experiences and their behaviour can be challenging at times. This can mean that workers need additional skills to overcome these issues and continue to deliver quality learning opportunities that meet the needs of our members. The curriculum of youth work programmes addressed areas of need such as mental, physical and sexual health, accredited training, LGBT, gender roles, drugs and alcohol, community relations as well as any locally emerging needs. This programme of group work, individual work and general provision is carefully planned in response to widespread needs assessment and is a credit to the staff who constantly delivering innovative and creative ways of working to engage and hold the interest of young people.

A positive end to the year ended was noted which resulted in being successful in a procurement and tendering process for the new Local Area EA Specifications to deliver youth services within Lisburn North for the next three years, allowing us to return to full time provision from March 23.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

A new exciting development for the Organisation was the design and implementation of a Youth Mental Health Project which is funded by Community Foundation. This innovative service enabled us to direct specialized trained staff and resources to deliver an early intervention support through a youth work methodology with young people and their families in response to identified emotional health and wellbeing needs. Within the last nine months of programme implementation the practitioner has built a highly effective service that has exceeded its targets and built important partnerships and networks to alleviate the problems faced. We look forward to the development of this service over the next year and embracing the learning.

The PAUSE programme, funded through the NIHE Homelessness Prevention Fund continued this year and we built on our experience and knowledge of the issue from the previous three years. This culminated in a conference in the Beechlawn Hotel for 50+ youth practitioners and teachers to raise awareness of aspects of Youth Homelessness. As we have grown in our experience with Homelessness and Housing issues, we successfully applied for the NIHE Sustaining Tenancies Fund and have successfully appointed a part time worker who supports young adults to develop tenancy resilience or prepare for their first tenancy. This is an important development for us as we continue to support older young people with very real issues that impact on their ability to manage independent living.

Health & Education continued to thrive across the year and exceed our targets for delivery. Our primary PHA contracts for Targeted Lifeskills and SHAHRP delivery managed to work through covid related deficit on service delivery targets and benefited from enhanced funding due to the extreme levels of demand experienced throughout the year within the sector. A few significant achievements include engagement and completion of 116 groups within the Targeted Life-skills Programme which if reflected as 822 participants.

Partnership working with local Schools continues to be positive. High numbers of pupils are presenting with low mood, high anxiety, challenging behaviour and very low confidence. These combined with family issues and availability of substances have led to issues for pupils in every area we work in. While the majority of settings we work with avail annually of the peripatetic service this year seen groups in SERC, Ards and Downpatrick, Lisburn Combined Cadet group, Atlas Training Centre and Hydebank Wood College engaged for the first time.

SHAHRP (School Health Alcohol Harm Reduction Programme) delivered 146 brief interventions and 36 teacher training sessions with approximately 10,000 pupils receiving a SHAHRP intervention from year 8 to 13 across the Belfast & South Eastern area. Many Schools continue to operate with multiple sessions per year group due to the risks that continue to present from putting large groups together for the brief intervention sessions. A supplementary short vape session was developed to address the growing issue of vaping in schools.

The drug and alcohol team also delivered on multiple short term contracts across including Ards and North Down Council which funded a “Relationships Roadshow” across schools in the Borough as part of the council’s programme to tackle unhealthy relationships and domestic violence. Additionally Building Up: Flourishing was completed in four centres with vulnerable young people to promote positive mental wellbeing and address the causes of substance misuse. In Newry, Mourne and Down there was extensive roll out of “What’s Your Playlist” which engaged 16 year groups from post primary schools across the council area in delivery of the Flourishing Early Intervention Programme.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Our community engagement programmes including Women In Mind, Lisburn Links and Family Support Service continue to play a crucial role within supporting vulnerable youth, adults and families to navigate challenges and strengthen their resiliency. Women In Mind Mental Health and Emotional Wellbeing Service has been operational now for over seven years and has adopted a peer-support methodology to promoting mental health recovery based on a co-design of activities and support needs. The programme has delivered over 500 hours of volunteer support to a group of 20 ladies through a range of programmes including group work, art and craft, alternative therapies, bakery & cookery skills.

Our Family Support Service has been operational for the past fifteen years and continues to grow as demand often exceeds capacity. The service offers a co-designed programme of support, through a holistic and person-centred approach that includes guidance, valued resources, and practical strategies to address various issues that families may face and to ensure that they are supported to the highest of standards. A strength of the service is the formation of a relationship which allows practitioners to understand the unique dynamics of each family therefore tailoring their approach to meet the specific needs of each individual family. Moreover, the service strives to ensure that a compassionate approach is always upheld thus empowering families to overcome obstacles and create a nurturing and supportive environment for all.

Our service outcomes aim to ensure that the intervention provided to young people and families is effective, efficient, and supportive to their needs. This is shown in our figures for the year 22/23 with over 130 family receiving early intervention support.

Our Family Support Service remains committed to supporting families in need across the incoming year and seeks to collaborate with our current funders, relevant agencies, and others.

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, Public Health Agency, South Eastern Health & Social Care Trust, Charitable Funds, 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 Lisburn 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.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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.

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:

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 2023

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 2022 -2024 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 2023

Target Group

The main focus of the Association’s work will be with young people aged 9-25years 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 page 18 report on the charitable activities in brief with an expanded analysis in the notes on pages 22 - 34 to the accounts. It shows the overall source and application of funds. The Charity had net incoming resources as at the 31 March 2023 of £184,573.

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 2023-24 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 2023

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.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 ongoing pressures within society and on the survival of voluntary & community sector organisations. It’s created a hugely competitive environment for financial resources. We have persevered and been working to a funding strategy. We are very grateful for the funders who have seen the value of our work by investing in 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 2023-2024, we look forward to greater stability and growth of our much needed services in order to be responsive to local needs within our communities.

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

.............................. Ms Jade Irwin Chairperson Dated: .........................

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2023

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 2023 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.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

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

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.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income and endowments from:
Donations and legacies
3
430
-
Charitable activities
4
394,869
288,687
Investments
5
4,136
-
Other income
6
183
-
Total income
399,618
288,687
Expenditure on:
Charitable activities
7
238,483
265,249
Net incoming
resources before
transfers
161,135
23,438
Gross transfers
between funds
67,259
(67,259)
Net income/(expenditure)
for the year/
Net movement in funds
228,394
(43,821)
Fund balances at 1
April 2022
1,833,778
487,826
Fund balances at 31
March 2023
2,062,172
444,005		 Total Unrestricted
funds
2023
2022
£
£
430
1,557
683,556
311,710
4,136
3,542
183
8,060
688,305
324,869
503,732
145,798
184,573
179,071
-
28,444
184,573
207,515
2,321,604
1,626,263
2,506,177
1,833,778		 Restricted
funds
2022
£
-
390,383
-
-
390,383
385,190
5,193
(28,444)
(23,251)
511,077
487,826		 Total
2022
£
1,557
702,093
3,542
8,060
715,252
530,988
184,264
-
184,264
2,137,340
2,321,604

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 2023

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
14
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
15
Unrestricted funds		 2023
£
1,201
40,618
2,059,686
2,101,505
(11,547)		 £
416,219
2,089,958
2,506,177
444,005
2,062,172
2,506,177		 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

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023, 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 on .........................

.............................. .............................. Mr Ian Crossan 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 2023

Notes
Cash flows from operating activities
Cash generated from operations
18
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from/(used in)
investing activities
Financing activities
Repayment of bank loans
Net cash used in 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		 2023
£
(1,968)
4,136
-		 £
237,388
2,168
-
239,556
1,820,130
2,059,686		 2022
£
(19,292)
3,542
(21,932)		 £
231,183
(15,750)
(21,932)
193,501
1,626,629
1,820,130

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2023

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 2023

(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 2023

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
2023 2022
£ £
Donations and gifts 430 1,557

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

4 Charitable activities

Unrestricted
Restricted
2023
2023
£
£
Performance related
grants
394,869
288,687
Analysis by fund
Unrestricted funds
394,869
-
Restricted funds
-
288,687
394,869
288,687
Performance related grants
NIHE
-
50,711
Lisburn City Council
-
20,586
Education Authority
-
13,475
Public Health Agency
171,394
105,982
Ards & North Down
Council
1,800
19,000
DOJ - ARCS
3,500
-
YMCA
500
-
South Eastern H&SC Trust
170,441
10,000
TEO - Good Relations
-
13,334
BBC Children In Need
-
-
Other
47,234
55,599
394,869
288,687		 Total
Unrestricted
Restricted
2023
2022
2022
£
£
£
683,556
311,710
390,383
394,869
311,710
-
288,687
-
390,383
683,556
311,710
390,383
50,711
-
42,565
20,586
-
14,560
13,475
-
65,229
277,376
155,544
101,156
20,800
-
20,160
3,500
-
11,300
500
-
53,854
180,441
126,433
-
13,334
-
22,833
-
-
35,372
102,833
29,733
23,354
683,556
311,710
390,383		 Total
2022
£
702,093
311,710
390,383
702,093
42,565
14,560
65,229
256,700
20,160
11,300
53,854
126,433
22,833
35,372
53,087
702,093

5 Investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Interest receivable 4,136 3,542

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

6 Other income
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Other income 183 8,060

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

7 Charitable activities

Unrestricted
Restricted
2023
2023
£
£
Staff costs
180,604
165,413
Depreciation and
impairment
15,509
46,608
Insurance
1,560
4,840
Light and Heat
4,020
1,476
Telephone
2,505
-
Postage and Stationery
198
5,814
Sundries
3,429
523
Repairs and Maintenance
1,400
-
Cleaning and Hygiene
1,155
-
Travel Expenses
6,293
5,605
Programme Costs
10,747
31,333
Computer Expenses
1,335
60
Bank Charges
293
-
Rent and Rates
1,688
1,560
230,736
263,232
Share of governance costs
(see note 8)
7,747
2,017
238,483
265,249
Analysis by fund
Unrestricted funds
238,483
-
Restricted funds
-
265,249
238,483
265,249		 Total
Unrestricted
Restricted
2023
2022
2022
£
£
£
346,017
103,925
257,820
62,117
15,841
44,354
6,400
5,283
-
5,496
1,458
5,558
2,505
202
1,050
6,012
79
6,190
3,952
761
119
1,400
546
162
1,155
1,064
702
11,898
6,829
14,835
42,080
2,687
38,194
1,395
1,136
749
293
160
-
3,248
2,498
1,500
493,968
142,469
371,233
9,764
3,329
13,957
503,732
145,798
385,190
238,483
145,798
-
265,249
-
385,190
503,732
145,798
385,190		 Total
2022
£
361,745
60,195
5,283
7,016
1,252
6,269
880
708
1,766
21,664
40,881
1,885
160
3,998
513,702
17,286
530,988
145,798
385,190
530,988

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

8 Support costs

Support
costs
Governance
costs
£
£
Audit fees
-
4,800
Legal and professional
-
4,964
-
9,764
Analysed between
Charitable activities
-
9,764		 2023
£
4,800
4,964
9,764
9,764		 Support
costs
Governance
costs
£
£
-
6,096
-
11,190
-
17,286
-
17,286		 2022
£
6,096
11,190
17,286
17,286

Governance costs includes payments to the auditors of £4,800 (2022- £4,800) 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:

2023 2022
Number Number
34 34
Employment costs 2023 2022
£ £
Wages and salaries 310,437 328,266
Social security costs 21,190 20,302
Other pension costs 14,390 13,177
346,017 361,745

Remuneration received in the year by the Charity's key management amounted to £122,968.

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

11
Tangible fixed assets
Property
Improvements
Plant and
equipment
Fixtures and
fittings
Computers
£
£
£
£
Cost
At 1 April 2022
540,280
16,252
53,375
59,843
Additions
-
-
-
1,968
At 31 March 2023
540,280
16,252
53,375
61,811
Depreciation and impairment
At 1 April 2022
105,360
15,183
17,822
55,017
Depreciation charged in the year
54,027
607
5,832
1,651
At 31 March 2023
159,387
15,790
23,654
56,668
Carrying amount
At 31 March 2023
380,893
462
29,721
5,143
At 31 March 2022
434,920
1,069
35,553
4,826
12
Stocks
2023
£
Finished goods and goods for resale
1,201
13
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
35,332
Prepayments and accrued income
5,286
40,618		 Total
£
669,750
1,968
671,718
193,382
62,117
255,499
416,219
476,368
2022
£
525
2022
£
85,690
17,749
103,439

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

14 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2023
£
5,107
-
6,440
11,547		 2022
£
20,782
1,622
56,454
78,858
Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 April
resources
expended
1 April 2022
resources
expended
31 March		 2021
2023		 NIHE
2,264
42,565
(43,570)
(1,259)
-
50,711
(35,772)
(5,697)
9,242		 Lisburn City Council - COVID Recovery
-
4,500
(200)
-
4,300
-
(705)
-
3,595		 Lisburn City Council Shared Spaces
27,900
-
(3,100)
-
24,800
-
(3,100)
-
21,700		 Lisburn City Council PCSP
-
5,000
(4,576)
(424)
-
6,000
(5,029)
(971)
-		 DOH Mental Health
-
-
-
-
-
49,610
(36,450)
(7,367)
5,793		 Ards & Down PCSP
-
20,160
(20,323)
163
-
10,000
(9,100)
(900)
-		 DOJ - ARCS
-
11,300
(11,300)
-
-
2,003
(1,932)
(71)
-		 YMCA
-
53,854
(31,522)
-
22,331
-
-
(22,331)
-		 TEO - Good Relations
-
22,833
(21,858)
(975)
-
13,334
(13,342)
8
-		 BBC Children in Need
7,323
35,372
(24,457)
(7,677)
10,562
-
(2,032)
(8,205)
325		 HMRC - CJRS
-
23,354
(23,354)
-
-
-
-
-
-		 DE Refurbishment
473,590
1,445
(49,503)
-
425,532
13,475
(42,173)
-
396,834		 Ards & Down - Tier 1/2
-
5,976
(5,997)
21
-
9,000
(8,140)
(860)
-		 EA Summer Scheme
-
5,996
(3,134)
(2,862)
-
10,000
(6,909)
-
3,091		 Public Health Agency - SHARHP
-
79,760
(65,834)
(13,625)
301
84,265
(67,691)
(15,712)
1,163		 Public Health Agency - CHOICES
-
16,146
(16,186)
40
-
16,782
(14,502)
(2,280)
-
15
(Continued) - - - 2,262 444,005
(512) - - (2,360) 67,258
(4,423) (3,985) (1,760) 8,204 (265,249)
4,935 3,985 1,760 12,826 (288,686)
- - - - 487,826
(1,849) 3 - - 28,444
(3,401) (51,815) (5,060) - (385,190)
5,250 51,812 5,060 - (390,383)
- - - - 511,077
Restricted funds Public Health Agency - CLEAR EA Core Lisburn City Council - Hardship fund Other
15

YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

16
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
Total Unrestricted
funds
2023
2023
2023
2022
£
£
£
£
Fund balances at 31
March 2023 are
represented by:
Tangible assets
93,209
323,010
416,219
106,722
Current assets/(liabilities)
1,968,963
120,995
2,089,958
1,727,056
2,062,172
444,005
2,506,177
1,833,778
17
Related party transactions
There were no disclosable related party transactions during the year (2022 - none).
18
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:
(Increase)/decrease in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Cash generated from operations
19
Analysis of changes in net funds
The charity had no debt during the year.		 Total Unrestricted
funds
2023
2022
£
£
416,219
106,722
2,089,958
1,727,056
2,506,177
1,833,778		 Total Unrestricted
funds
2023
2022
£
£
416,219
106,722
2,089,958
1,727,056
2,506,177
1,833,778		 Restricted
funds
2022
£
369,646
118,180
487,826		 Total
2022
£
476,368
1,845,236
2,321,604
2022
£
184,264
(3,542)
60,195
369
(61,821)
51,718
231,183
2023
£
184,573
(4,136)
62,117
(676)
62,821
(67,311)
237,388