Charlty reglstyation number 103817 Compahy registratlort nuthb•r N1020374 (Northern Ireland) YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION TNst*8S Ms Jade I￿1n Mr lan Crostsn Mr William Gardiner Watson Mr James McFailand Ms Clare Pollock Ms AJ)drea Spence Secrètary Ms Jade INin Charlty number 103817 Company nun)ber N1020374 ftegistered office 41143 8acheloTS Walk Lisburn Co. AntrSm Northerii Ireland BT28 IXN Audltor AAB Group Accountants Llmlted 1 - 3 Arthur Street 8elf•st Co. Anttlm Northern Iretand BT14GA YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED CONTENTS Pagè Trustees. report Statement of trustees, responslbllltles 11 Independent auditorfs report 12- 17 ststement of finandal actlvltles 18 Balance sheet 19-20 stst¢meDt of cash flows 21 Notes to the flnanclal statemènts 22-33 YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The tmstees present thelr annual report and audited financial ststements lor the year ended 31 March 2024. The Report and financlal statements have been prepared in accordance ¥￿th the accounting policles set out in note 1 to the accounts and comply with the Charitieg Act (Northern Ireland) 2Q08, the Companies Act 2Tr)6 and "Accounting and Reportlng by Charitie5.' Statement of Recommended Practice applicable to charities preparlng tlielr accounts in accordance wth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. la5 amended for accounting periods commencing from 1 JBnuary 20191. Objec￿Ve$ and Actlvltles,. Légal Stjtus Young Men's Chrlstlan Assoclation (Lisburn) Llmited 'Lisburn YMCA, Is a recognised charlty by the Inland Revenue as a company LIMlted by Guarantee, Charlty Number XN72678, Incorporated In Aprll 1987 and more recendy registered with the Charity Commisslon NIC103817. Its governing document is a constitution of Memorandum and Artlcles and the organlsatlon receives monles from a range of sources including Government Departments, Lisburn & Castlreagh City Councll, Public Health Agencyi South Eastèrn Health & Social Care TrusL ChaKltable Funds, and individual donor& H15tory to Llsburn YMCA YMCA Is the oldest and largest youth charity In the World, Set up In England in 1844. (￿er the y•rs, It has evolved Into a global movement helping more than 58 million people across 119 different countrles. The iisburii associatlon Is a loca5 autonomou5 voluntary Association of Indlvlduals motlvated by a Chrlstian ethos that recognlses tlie uniqueness aNI worth of every individual. It Is affiliated to YMCA Ire13nd which is the National movement which supports the work of 19 local YMCAS in Northern Ireland and the Republlc, YMCA Llsbum benellts from participating Sn the global movement which has seen opportunitie5 for rrtany youth to engage wlth otl)er5 from the UK. Europe end further afield. Through the National Councll of YMCA Ireland, Lisbum YMCA Is Ilnked to the European Atllance ol YMCAS and the World Alllance of YMCAS wSth over 58 millioi) benellciarles In 120 countrles. LlsbuTn YMCA has adopted the operallng Standards iiitroduced by the Natlonal Council of YMCAS In Ireland, and is rewewed annually to ensure compliance with these standards. Lisburn YMCA ha4 since its inception identlfied Young People as its primary benellciary providing trainirkg and education, personal development, health programmes and family support. Over the past year ihe Trustees reaffirmed their commitment to young people through the prioritisation of three core prioriiSes which includei youth development, healthy living and community engagement, This has been made possible through collaborative working and partnei'ship wth Government Departrnent5, Statutory Bodies, Voluntaiy organisation& Charitable Trusts and individual donations. Mlsslon Statement of L15burn YMCA Llsburn YMCA 15 an Inclusive christian youth organisation, open to people of all laiths and none. YMCA works to transform the live5 af children and young people, empowerlng 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 mannei.. YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Core Principles Lisbum YMCA upholds thè followng core prfnciples,. To underwrite programme delivery wth a Christian ethos expressed through staff and volunteers. To work primarity with vulnerable young people at risk betsveen the ages of 5-25 year& with particular emphasis on young adolescence or those in Iransiilon. To provide a n(Jn-threatening and we1cc￿ing environment, To involve volunteers and young people in programme delivery To design and dellver effecilve programmes which address the needs of the target group To recognise and Vdlue the contrlbution ol staff and volunteers To pro￿de hollstic programme dellvery through a focused ieam approach Recognising the value of all pèrsons. we strlve for respect and freedomi justlce and equal opportl￿1tY and tolerance and understanding foi all people. Values ol Lisburn YMCA Lisburn YMCA belleves that an eihos of care and compassion should underpin all aspects of our work In partlcular, the A5SO(Tatlon aims to live out the following Chiistian valu*& Integrlty - YMCA believes in the importance of building honest relationship5 based on trust. We will say what we mean and mean what we say. We will be open and transparent In all dealings with seNce usets, stakeholders and each other. Incluslon VMCA believes that a healthy and stable society is knllt upon people wothlng together. We will be open to those of all cultures and backgrounds and those of all taiths and none. We wlll celebrate the diversity ot the society in which we live and will oppose injustice and anything that excludes or marginalises people. Respect - YMCA believes in the inlrlnsic worth and dignity of every petson, Wo wlll treat ead) individual with respect and seek to promote their wellbeing and development. Responslveness - YMC4 belleves that everyone has dl(ferent needs, strengths and aspSrations. We will continuously r￿e¢t on our practice and be Ilexible and Innovalive in responding to changing needs and priorities. AchSeving our misslon end vision is fvrther dependent on: Volullteerlng we recognise thal, as a voluntary org&nisation, volunteers are at the heart of everything we do. We will encoui'age volunteer involvement in all our activities and support ar develop those who give thelr time to our Association, Partnershlp we recognlse thè opportunities to share and learn from being a part of the n8ticwS and Internatlonal movement of the YMCA. We will play our part a5 Part of worldwide YMCA family and actively seek out opportunlties to work with local and national ASs￿latIonS across the movement. LisbLJrn YMCA will use all its resources for the work of the Qfganisation and advance its Aim aiid Core principles. It will contlnually keep the financlal procedures and systems ol the organisalion under review to ensure the highest levels of integrfty and good practice. YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR fHE YEAR ENDED 31 MARCH 2024 Rlsk Management YMCA Usburn operates a comprehens5ve corporate risk management process in order to ensure the appropriate steps are taken to manage and mitlgate risk. The Board of Trustees has overdll responsibility for ensuring implementation of an appropriate system of controls, financial and othemise, to pro￿1de ieasonable assurance that,. YMCA 15 operating efficiently and eflectively. Assets are safeguarded against unauthorised use or disposillon. Proper records are maintained and financial information used wlthin Lisburn YMCA Is rellable. Compliance wlth relevant laws and regulations. The Board operates a lormal risk management process to assess business risks and Implement risk management strategies. This involves Identifying the types of rfsks we facet prioritislng them in tem15 of potential impact and likelihood of occurrence, and identifylng means of managlng the rlsks. A risk register is kept and updated and controls are established to mlnimlse the identlfied risks. Annual Risk Management training is undertaken by the General Secretary and her colleagues. Key elements in place which asslst In minlmislng the risk are.. Policies and procedure5 lor health and safely and chlld protectlon. Delegated authority. Robust fi'nancial and control procedures A strong Financlal strategy. A formal remew was undertaken in November 2023 and havlng examlned the major rlsks to which the charity Is exposed, the Trustee5 are satisfied that the charit￿$ procedures and controls adequately mlnlmlse the rlsks Idefitlfled, Publlc 8èheflt Slatement The Board has considered the general guidance on public benefit Issued by the Charity Commission and has taken due regard of that guldance and is satisfied that the charity's activities do provide wider public benefit. YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Strategic Action plan Lisbum YMCA s￿tegIC plan for 2022 -2024 hlghll9htÈd the following a5Plfations'. YMCA should develop programmes that create opportunltles lor participatory youth Work, increasing self- confidence and empowering young people lo deal with Issues such as personal relatlonships,, tonflict. diversity and healthy Illestyle5. The A5SOClation should be proactive In programme planning, identifying and understanding local neèd and in crÈatin9 Innovative responses. It should seek to build a strong communily of wng people, volunteers and staff who share ownership of Ihe organ15atlon, making the rnost ol effective communication Internally and externally, promoting Chrlstian soclal actlon and advocating lor the benefit of young people. It should bulld sufficlent resources to be effectlve In the long temi. The Association should seek to Increase tts ability to measure Impact and dls5emlnate outcomes of its worl thus contributlng to the development ol public policy In rel8tSon to the areas of youth development. health edLFcalion and community engagement, Targèt Group The main foojs of the Association's work will be vith young people aged 9-25years old, vulnerable adults and families. Our plans include; Q)en access club5 by age grouping for young people aged I l and upwards Activity based work for13rger numbers of young people aged 10-16 years ald and their parents Issue based focused work for smaller numbers of young people aged 13+ A support programme for 16-25 years old who identify as NE￿ and present with multi vulnerable factors in their life Family support worl( with young parents and vulnerable families Local communlty development project responsive to need P•rtnershlp w¢rldng The 8b¢)ve will be achleved by working collaboratively and In partnership with key agencles such as Education Authority, South Eastern Health & Social Care Tiust, PHA, The executive Office, Blg LottLry, local Schools and an array of Charttable Trusts and other organlsatlons wlthin the voluntary and community sector, Key Taryels & Pans for future perlods Llsburn YMCA identlfled the following key targets for the incoming year., 1. To ensure Youth Work is in integral and prominent feature of Lisbui'n YMCA'S woyk 2. To provide a range of educational, health and support pi'ogi'ammes that meet the needs ot the target group 3. To review organisational systems, policies and procedures 4, To communicate relevant timely aThJ valued information to o(Jr different stakeholders and fijnders S. To work in partnership and actbvely seek new partnership5 With those who share or can fijrther our aims for working with young people 6. To develop collaborative practice with local YMCA associations YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevemttnts and Perforinance In the midst of a very challenging year the Trustees present their annual report and audited financial statement of accounts for the year ended 3151 March 2024. rhis year has been a tTansformative period for our organlzation, marked by remarkable 8chievements, new partnerships, and innovative programmes that have significantly impacted our comrnunlty. Our commitment to fostering a nurturlng environment for vulnerable yoiing people, families and communities remain5 at the core of our mlssion, and we are proud to share the progress and milestones we have achieved tO9ether. Throughout the year, Lisbum YMCA has continued to be a beacon of support, offering a wide Tange ¢ servlcos designed to promots youth development, community engagement and health & education outcomes. From drop..in actlvilies, mentoring atlivlties, summer programmes and workshops wlth local Sthools and family support programmes, our initiatives have reached those most vulnerable, helping them lo build resilience, develop skills, and reallse their potential. This report hlghlights the dedicatlon and h3rd work of our stsff, volunteers, and partners who ha contributed to our success. 11 also showcases the Inspiring stories ()f those who have beneflted from our programmes, illustrating the profound impact of our efforts on the lives of many. Il's wonderful lo see the valuable contributions ol children and young people being recogn15ed and appreciated. Their involvement in servlce design, delivery, and evaluation not only empowers thern but also enriches the systems with fresh perspectlves and innovatlve ideas. By amplifying thelr voices, we ensure that 5ervice5 are more responsive and bett￿. tailored to meet their needs, Let's continue lo creale spaces where they can actively participate and shape the fijture. As we look back on the pest year, we are filled with gratltude for the unwavei'ing support from our donors, cummunily rnembers, and stakeholders. Yoisr trust and genproslty have been Instrumental Sn enabling us to expand oijr reach and enhance the quality of our sP￿CeS. To9ethpr. we have created a stronger, more inclusive community where everyone has the opportunlty lo thrive. We invite you to explore the pages of this report to learn more about our accomplSshments, challenges. and vision for the future. Thank you for beirlg a pail ol the Lisbum YMCA family and for your contlnued support as we strive to make a lasting difference in the lives of those we serve. Thls year, our Y¢)Uth Development Team ha5 been dedicated to empowering young people and fostering their development through a diverse array of programs. Our efftirts have focused on centre based generic youth work detached youth work and targeted initiative5 aimed at promoting posltlve outcomes for ha31th and wellbelng, enhanced pe150nal capabilities. development of thinking and life skills, increased participation and actSve citlzenship. Our work supporting Special Educational Needs and Disability (SENDI ha5 contirbued to flourish 45 we built on our experience and knowledge of supporting young people on the Autism spectrum through a Youth work methodology. The youth work acllvilies have delivered consislent and accessible youth provision five night's a week ensuring a safe, inclusive and supportive environments where young people can sociallse, leain, and grow. With a strorig meinbership base we offer a lulltlme prograinme which creates opportunities for participation and engagement with over 500 young people annually through our Team of dedicated youth workers and volunteers. A significant proportion of children Ènd young people In Northern Ireland experience mental health problems and we are very proud to share of our developmental 9rowih and learning within the Programme. 'What's Strong with Me..7. Based on a Yovth woik methodology this programme YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2024 supports young people through a co-designed approach incotporating person centered planning which draws upon their Strengths and a range of protective factors to support thelr meritsl health & emotional wellbeing. This resource allowed us to direct specialised trained staff and resources to provide ear intervention support to youth and their families in order to respond and support rising levels ol need. Thls approach addresses the emotional health and wellbeing needs of young people and their families. Over the year, the sermce has delivered targeted support to over 30 young people and a further 120 through School workshop and smaller grouplissue-based woik. The partnershlp worklng With Schools, community providers and statutory Se￿iCe5 including CAMHS, GP'S and Social Work Teams has been crucial to shaping pathways for youth In order to alleviate the challenges faced. Our work supporting youth homelessness continues through the NIHE Sustaining Tenancies Fund whi¢h SUPFK)rted young pegple aged 18 to 25 prepa¥e for their first tenancy or to retain a resilient tenan agreement The programme pruvided direct support to over 30 young people on a range of issue5 around debt management, parentingi food poverty, social connectlons and practical a55iStance wthin the community. We look forward to continuing this area of work into 2024 and developing ralJllonship with other5 across the sector. The 14ealth & Education continued to thrive through another busy year, Our primary PHA coiilratts benefited from enhanced fvndlng due to the high levels of dernand and identification of need experierKed throughout the yeer. ThSs resulted in the Targeted Life Skills Programme delivering 85 group work prograrnrnes whlch engaged 560 young people aged 14 to 21 years old acioss the South Eastern Area. As reflective of trends over the last two years there Is a continued hlgh demand of support from post-primary schools. Wlth a signlffcant increase in mental health and behavloural Issues among students, compounded by family problems and substance availability has influenced and shaped our planning to be responsive to new and emerging needs. Many school groups are referred through wol￿-of-moUth I'ecoFnmendations from colleagues in other schools where TLS is delivèred of through enquiries during SHAHRP (School Health Alcohol Harm Reduction Programmel sessSons. SHAHRP dellvpred 128 brlef Interventions and 60 teacher tralnlng se5slons with approx. 11,340 wpls receNing a SHAHRP InteNention this year. For most schools we have stlll been operating with multlple sessions per year group due to the risks that conllnue to present from putting lèrge groups together for the brief inteivention sesslons. Our short vape session was furtlier developed to address the growing issue of V8pliig In schools. The drug and alcohol team also delivered on multiple short-temi contrarts acr055 2022r23. In Ard's and North Down WÈ further rollpd out delivery ol -Relatlonships Ro8dshow' and What's Your Pl8yllst7' across schools in the borough as part of the council programme to tackle unhealthy relationships, domestic violence and substance misuse. Almost 3QQO puplls completed 172 5esslons to promote positlve mental wellbeing and address the causes of substance mlsuse and fully explo￿ healthy and unhèalthy relationshlp& A busy year, interesting group5. programme dévelopmeiit ond heart-warming change for many of the young people we have worked with, Our community engagement programmes including Women In Mind, Lisburn Links ond Famlly Support SeNice continue to play a crucial role within sUPPOrting vulnerable youth, adults and famS1ies lo navigate challenges and strengthen their reslliency. Women In Mind Mental Healih and Emotional Wellbeing SeTVi has been operational now for over seven years and ha5 adopted 8 peer-5UPPOrt methodology to piomoting mental health recovery bpsed on a co-design of actimties and support needs. The programme has delivered over 500 hours of volunteer support to a group YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 of 20 ladies through a range of prO9￿MMe5 induding group work, art and CToK alternatlve theraFies, bakery & cookery skills. Our Family Support SeNice has been operational for the past sixteen yea¥s and continues to grow as demand often exceeds capèdty, The sefvice offers a co-designed piogramme of support through a holistic and person-centred approach thai indudes guidance, valued resources, and piactical strategies to address varlous issues that families may face and to ensure that they are 5LPPOrted to the highest of standards. A strength of the service Is the fc)rmaiion ol 8 relationship which allows practitioners to understand the unique dynamics of each family thereftsre taSloring their approach to meet the spec(fic needs of each individual family. Moreover, the service strives to ensure that a compasgonate approach is always upheld thus empowering families to overcome obstacles and create a nurturlng and supportNe envlronment for all, Our servlce outcomes alm to ensure that the inteNentlon provided to young people and famSlles Is effective, efficien( and supportlve to thelr needs. This is shown in our fSgures for the ye81. 23124 wlth over 130 families receiving early Intervention support. Our Family Support Service remalns committed to supportlng families In need acr055 the Incomlng year and seeks to collaborate wlth our current funders, relevant agentles, and others. In concluslon, without a doubt it has been a very challenging year, especially in respect to applylng for fvnds given the ongoing pressures wlthin society and on the suNlval of voluntary & community ￿tor organisalions. It's created a hugely competillve environment for flnancial resource5. We have per5e￿red and been working to a fLtnding strategy. We are very gratefvl for the funders who have seen the value of our work by InvestSng In us. We want to say a big thank you to everyone who has contributed to our services and programmes. We are deeply appreciative ol all our partners who liave contlnued to work alongside us, and of the new partner5 we have connected wlth over tlils last year. Looking ahead at 202+2025, we look lorward to greater stability and gr0￿h of our much needed services in order to be responsive to local needs withln our communltles. YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRusfEES' REPORT ONCLUDING DIRECTORS, REPORD (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial Revlew & Reserves Pollcy The Statement ol Financia5 Activities on page 18 report on the chafitable activities in brief wf(h an expanded analysis in the notes on pages 22 - 33 to the accounts. It shows the overall Sour￿ and application of funds. The Charity had net incoming resources as at the 31 Maich 2024 of 113.398 in comparison to £184.573 at 31 March 2023. Income for the year ended 31 March 2024 totalled £690.581 and increased from £688,305 for the year ended 31 March 2023. Expendituie for the year ended 31 March 2024 totaSled £577,183 and increased from £503,732 for the year ended 31 March 2023. The organlsation wi11 strive to hold in cash, reseNe5 equivalent to a minimum of slx months overhead cost& These reseryes are used to meet the charStls strategic objectives of supporting vulnerable young people to belong, contribute and thrive. Reserves at the yeor end were £2,619,s75 12023: £2.506,1771 ot whith £1198,380 are unrestricted 12023., £2,062,172), The cash reserve5 at the end of the financlal year have increased to £2.3m 12023.. £2ml. Investment Pollcy The organis?tion will seek ta maximise both capitsl growth and monthly income from any investment. It wll assume a 'low lo medlum, risk strategy and currently holds and investments In a Business Term deposit Account. Structur•, governance ond management The Executlve Committee of YMCA li5burn is an elected body of thp membership. 11 Is elected at the Annual General Meetlng in accordance with the corb5tilution of the Association and is responsible for the planning, co-ordination and governance of the organisation. The 8oard of Tru51ees which can have up to 15 members, administer the Charity. The officer roles include a Chair, Wice Chair, Secretary and Tyeasurer whlch arè elected annually. The Board meets a minimum ol ten times per annum. The opelalional day to day management Is delegated to the Gener81 Secretary who operètes withln appioved 91Ildelines for matters relating to flnance, progi'amme development, pollcy review and employmènt. They report to the Chair of the Management Committee on a monthly basls. The current GeneTal Secretary is Pauline Mcmullan, who ha5 been in the position slnce September 2011. The ongoing work of the A550c18tion is supported, reviewed and developed through J series of sub groups chalred by Board members. Policy development and remew is influeiiced by use of the Charlly Commission guidellnes as a mechanism for determining good prartlce. YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investment Pollcy The organlsation will seek to ma￿Mise both capltsl grovthi and monthly Income frorn any investment. It VAII assume a 'low to medium, risk strategy and currently holds and investments in a Business Term deposit Account. Struclure. governance and management The Executive Committee of YMCA Lisburn is an elected body of the membershlp. It Is elected at the Annual General Meeting In accordance wSth the constitution of the Association and is resporksible lor the plannlng, co-ordlnation and governance of the organlsatlon. The Board of fNstees which can have up to I S mernbers, adminlster the Charity. The offI￿r roles include a Chair, Vice Chair, Secretary and Tieasurer which are elerted annually, The Board meets a minimum o* ten tlmes per annum. The operatlonal day lo day management Is delegated to the GenÈral Secretary who operates wthin approved guidelines for rnatters relating to linance, programme development policy review and employrnent. They report to the Chair of the Management Committee on a monthly basls, The current General Secretary is Pauline Mcmullan, vjho 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 InlluÈncÈd by use of the Charity Commission guidelines as a mechanism for determining good pra(tice. The trustees, who are also the directors for the purpose of company law, and who Se￿ed during the year and up to the date ol signature of the linancial statements were: Ms Jade Iwn Mr lan Crossan Mr Williarn Gardiner Walson r James McFafland Ms Clare Pollock Ms Andrea Spence Ms Karen Withetspoon (Resigned 28 April 2023) Trustee Induction and fralhlng All Trustees undergo an orientation training day to brief them on their legal obligations under charity and company law, the content of the MemoKandum and Articles of Association. the structure of ihe Committee and decision making process, the business plan and the recent flnanclal perloTmance of the Charity. There is also a brieling by the General Secretory on vision, mission and values, strategic airns and cui'rent aclivlties of the A550ciation and an gpportuntrty to meet key employees and other Trustees. Trustees are encouraged lo attend appropriate extemal tralnlng even15 where these will facilitate the undertaking of their role. Audltor AAB Group Accountant5 Llmited has been appoSnted to undertake the Accounts of Li5burn under section 48721 of the Companies Act 2006. Thi5 report has been prepared in accordance with the small c¢Thpanies' regime under the Companies Act 2006, YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 A4ARCH 2024 Each of the persons who Is a trustee at the date of approval of this report confimis that. so far as each trustee is aware, there is no relevant audit information of whith the charity's audltor is unawar4 and, each trustee has taken all steps that they ought to have taken as a trustee to make themself aware of any ￿levant audit Informatlon and to estsblish that the charity's auditor Is aware of that information. The tnjstees, report was approved by the Board of Trustees. sja lThvin Chairperson 10- YOUNG MEN'S CHRISTIAN ASSOCIATION ILISBURN) LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, ale also the directors of Young Men's Christian Association (Lisburnl Limited ft)r 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 ttustees to prepare financial statements for each finanaal 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 preparlng these financial statements, the trustees are required to: selert sultable accountlng policies and then apply them consistently, observe the method5 and prlnclples In the Charfties SORP,. make judgements and estimate5 that are reasonable and prudent., and prepare the financlal slatements on the golng concern basis unless It 15 inappropriate to presun* that the charity will corbtinue in operation. The trustees are responslble for keeping adequate accounting records that disclose with reasonable accuracy at any time the flnancial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2C(J6. They are a150 responslble for safeguarding the ￿￿et5 of the charlty aryj hence for taking reasonable steps for the prevention and detect5on of fraud and other Irnegularitles. s Jade liw¢n Chairpetson YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED Opinlon We have audited the flnandal statements of Young Men's Christian K%soclation (Lisbuml Llmited (the 'charity) for the year ended 31 March 2024 which comprfse the statement of flnanclal actiwlies, the balance sheet, the statement of cash flows and notes to the financial statements, Including slgnificant accounting pollcie& The financial reportlng fiamework that has been applied In thelr preparation is appllcable law and United Kingdom Accountlng Standards, indudlng Financlal Reportlng Standard 102 rhe Financi31 Reporting Standard appllcable In thé and Republlc of Irelond (United K4ngdom Generally Accepted Accounting Practlcel. In our oplnion, the financial slalements: glve 8 true and falr view ol the state of the ¢h8ritable company's tholrs tys at 31 March 2024 and of Its incoming resources and appllcation of resources, for the year then ended,, have been properly prepared in accordante wlih United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requlrements of the Companle5 Act 2006. Basls for opinion We conducted our oudit in accordance with Inteynational St8nd8rds on Auditing IUKI IISAS (UKI) and appllcable law. Our responsibillties under those Standards are further described In the At￿lIOrS respon￿bilItIeS the audit of the financMI statements sectlon of our report. We are independent of the charity in accordance with ihe ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we fijllilled our other ethical responsibilities in accordance with these iequirements. We believe that the audit emdence we have obtained is sufficiert and appropriate to provide a basis for our opinion. 12- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED Conclusions relatlng 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 uncertalntles relating to events or conditions that, Individually or collectively, rnay cast signilicanl doubt on the charlty's ability to continue as a going concern for a perlod of at least twelve months from when the flnanclal statements are aLrthorlsed for issue. Our Te5ponsibllitles and the respons5bllitles of the trustees with respect to going concern a￿ descilbed in the relevant sections of this report. Other Informptlon The other Information comprises thè inlormation included in the annual report other th8n the linancial statements and our 8uditor's report thereon. The trustees are responslble for the oihei information contained vjithin the annual report. Our oplnlon on the Ilnartcial statements does not cover the other infom)ation and we do not express any fomi of assurance conclusion thereon. OLsr responslbility is to read the other Information and, in doing 50, conslder whether the other information is materially Inconsistent with the financial statements or our kno￿edge obtained in the course ol the audit, or othetwise appears to be materially Inlsstated. If we identify such material inconslstencies or apparent material missttlements, we are requiied to determine whethei thls gives risè to 3 material mlsstatement In the financlal statements themselve& If, based on the woik we have performed, we conclude that there Is material mlsstatement of this other Infomiatl¢Jn, we are requiwl to report that facL We have nothing to report In this regard. 13- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION {LISBURN) LIMITED Matt•rs on whlch we are requlred to report by exceptlon We have nothing to report in respKt of the following matters in relation to which the Charities {Accounts and Reports) Regulations 2008 require us to rewt lo you if, in OUT oplnion.. the informatlon glven in the financl81 statèments is inconslstent In any material respect with the trustees, report- or sufficient accountlng records have not been kept; or the linanclal slalements are not in agreement wlth the accounting records-, or have nol received all the informatlon and explanallons we requlre for our audit. Responsibilitles of trustees As explained more fully In the statement of tN5tees' responslbilitbes, the trustee& wl are also the dIreCt￿S of the charity for the purpose of company law, are responslble for the preparation of the financlal statements and for being s8lisfled that they g￿le a true and fall vlew, and for such internal control as the tnjstees determine is necessary to enable the preparatlon of financial statements that are free from material misstatemen( whether due to fraud or error. In preparing the financial 5ts1ements, the trustees are resF)onsible for assessing the charity's ability to contlnue as a going concern. discloslng as applicable, matters related to going concem and using the going concern basis of accountlng unless the trU￿eeS either intend to liquidate the charitable company or to cease operntlons, oi have no reallslic alternative but to do so. 14- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED Audltor's Ye5ponslbllltles for the audlt of the flnanclal ststem•nts We have been appointed as audltor undei section 65 of the charltles Act 2CQ8 and report In aCCOTdance wlth the Act and relevant regulations made or havlng effect thereunder. Our objectlves are to obtain rea￿nable assurance at#Jut whether the flnancl81 statements as a whole are free fKom material mlsstatement, vthether due to fraud OF errol, ar￿ lolssue an auditorfs report that includes our opinlon. Reasonable assurance Is a hlgh level of assurance but Is not a guarantee that an audit conducted in accoidance with ISAS ILIKI will always detect B materSal misstatement when it exlsts. Misstatements can arise from fraud or error and aye considered materlal if, Sndlvidually or in the a99reggle, they could reasonabty be experted to influence the economic declsions ot users tsken on the basis of these financial statements. The extent to which our procedures are capable of detectlng Irregularities, Including fvaud, is detailed below. We obtained an understsndlng of the legal and regulatory framework appllcable to the company through enquiry ol management, sector research and the application ol cumulative audit knowledge. We identlfled ihe following principal laws and regulations relevant to the company - Companies Act 2￿)6, Charities Act (Northem lyelandl 2008 and the Accounting and ReFY)itlng by Cha￿tIes.. Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance wSth the Flnanoal ReportSng Standard applicable in ihe UK and Republic of Ireland IFRS 1021 {efle£tlve 1 January 2019). We developed an understandlng of the key fraud rlsks to the entity (including h¢)W fraud might occul). the controls in place to help mitigate those Tlgks, and the accounts, balances and dlsc105ures within the financlal statements thich may be susceptible to management bias. Our understandlng was obtained through review of the financial Statements for slgnificant accounting estimates, analysis of journal entries, walkthrough of the key controls cycles in place and enquiry of managemenL 15- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED Our procedures to respond to those risks Identlfied Included, but were not limited to: Enquiry of Management. those diarged with governance and the entyty's solicitors (or in.house legal team) around actual and potential litigation and claims. Enquiry of entity staff in tax and compliance functions to Identify any instsnces ot non-compliance with18ws and regulations. Reviewing minute5 of meetlngs of those char9ed with govemance. RevSewing financial statement disclosures and testing to supportlng documentatlon to assess compliance wth applicable laws and regtjladons. Auditing the risk of management override of controls, Including through testlng journal entries and other adjustments for appropriateness, and evaluating the busSne5S rationale of signlficant transactions oulslde the normal course of buslness. A hjrlher de5crfption of our responsibilities is available on the Flnancial Reporting Council's website at. https.'//wM.frc.org.uklauditOfSTesponsibilitie5, This description fomis part of our auditorfs report. Use of our r•porl This report is made solely to the companws members, as a body. In accordance with section 391 of the Companies Act 2006. Our audlt work has been undertaken so that we mighi stète to the compan￿$ members those mallers we •re required to state to them ii) an audltols report and for no other purpose. To the fvjllest exteiit permitted by law, we do not accept or assume responsibillty to anyone other than the company and the compan￿$ members as a body, lor our 49udlt worl for this report, or far the opinions we have formed. 16- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOLING MEN'S CHRISTIAN ASSOCIATION {LISBURN) LIMITED Twe5a Campbo11 (Senlor Statutory Audltor) for and on behalf ol AAB Group Accountants Llmlt•d Ch•rt•red A¢countsnt$ Statutory Audltors 1- 3 Arthur Street Belfast Co, Antrim Northem Ireland BT14GA AA8 Group Accountants Limited Is ellglble for appolntment as audltor of the charlty by vlrtue of it5 ellglbillty for appointment as auditor ol a cornpany under section 1212 of the Companie5 Act 2006. 17- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrict•d fvnds fund5 2024 2024 Totsl Unrestrfrted Rèstrlrted funds funds 20Z3 2023 Totsl 2024 2023 Notes Incomè and •ndowrn•nts fro Donations and legacles Charitable activities Investments Other income 500 670,790 15,497 3,794 430 394,869 4,136 183 430 683,556 4,136 183 323,760 15,497 3,794 347.03Q 288,687 Total Income 343,551 347.030 690,S81 399,618 288,687 688,305 Expendlture on.. Charitable actMtie5 207,343 369,840 577,183 23&483 265,249 503,732 Total exp•ndlture 207,343 369.840 577,183 234483 265,249 503,732 Net Income/{expendlture) 136,208 (22,810) 113,398 161,135 23A38 184,573 Transfers between funds 67,259 {67,2Sg) Net movemont In fund5 136,208 122,8101 113,398 228,394 143,821) 184,573 Reconcillatlon of funds: Fund b8laiKes at 1 ApNI 2023 2,062,172 444,005 2,506,1-17 1,833.778 487,826 2.321,604 Fund balanc85 at 31 March 2024 ?.198,380 421,19S 2,619,575 2,062,172 444.005 2.506,117 The statement of financial activlties Includes all gains and losses recognised In the year. All income and expendlture delive from continuing activities. 18- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED BALANCE SHEET ASA T31 MARCH 2024 2024 202a Notss Fixed a$$ets Tangible assets 13 356,838 416,219 Current assetg Stocks Debt￿S Cash at bank and in harKr 14 15 1,22Q 49,290 2,231A74 1,201 40,618 2059,686 2,281,984 2,101.505 Credltoys: amounts f•lllng due wlthln one year 16 119,247) {11,5471 Net current assets 2,261737 2,089,958 Totsl assets less rurrent Ilabillties 2,619,575 2,506,177 The fund$ of the charlty Restricted Income funds Unrestrlcted fijnds 18 19 421,195 2,198,380 444,005 2,062,172 2,619,575 2.50&177 19- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED BALANCE SHEET (CONTINUED) ASAf31 MARCH2024 The company is entitled to the exemption from the audii requlrement contained In settKJn 477 of t Companies Act 2006, for the year ended 31 March 2024, although an audit has been carrled out under section 65 of the Charities Act (Northem Ireland) 2L%)8. No member of the company has deposited a notSce, wrsuant to sectlon 476t requlring an audlt of these accounts under the reqU1￿MentS of the Companies Act 20C6. The directors acknowledge their respon5Ibllltlès for complying with the requirements of the Compailes Act 2006 with respett 10 accounting records and the preparation ol financ181 st8tementS. The members h￿Q not rèqulred the company to obtain an audit of Its flnanclal statements under the requirements of the C(Mnpanies Act 2￿6, for ihe year in question in accordance Wbth section 476. These financial statements have been prepared In accordance wlth the Pfowsions 8ppllt8ble to companles subject to the small companies reglme. The flnanclal statements were approved by the trustees on !.Q.....--........<&tr Mr lan Cross8n Trustee Ms Clare Pdlock Truslee Company registration number N1020374 (Northern Ireland) -20. YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatlng actlvltlè$ Cash generated from operatlons 22 1 S8,882 237,388 Investlng actlvltles Purchase of tangible fixed assets Investment income received 12,591) 15,497 11,968) 4,136 Net cash 9•ner•tsd from Investlng actSvitles 12,906 2,168 Net cash used in Ilnandng a¢tlvStl•s Net Increa￿ In cash and cash •qulvalents 171,788 239,556 Cash and c8sh equivalents at beginning ol year 2,059,686 1,820.130 Cash and cash equlvalents at end of yeae 2,231,474 2,059,686 21 YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charfty informatlon Young Men's Christian Associatlon (Lisburn) Limited is a piivate company limlted by guayantee incorporated in Northei'n Ireland. The registered office is 41143 Bachdors Walk Lisburn. Co. Antrim, BT28 1XN, Northern Ireland. 1.1 Ac¢ountlng conventlon The financial statements have been piepared in accordance with the charit￿$ goveming document the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing thelr accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leflective l January 20191" The charlty is a Public Benefit Entlty as defined by FRS 102. The financlal statements are prepared In sterflngi whlch Is the fvnctlonal CUTrenry of the charlty. Monetary amounts In these flnancial statements are rounded to the nearest £. The financial statements have been prepared under the historlcal cost convention and certaln flnancial instruments at fair value. The principal accounting policies adopted are Set out bel(w. 1.2 Golng concern At the time of approvlng the financial statemen& the trustees have a reasonable expectation that the charity ha.s adequate resources to continue in operatlonal existence for the foreseeable future. Thus the trustees conilnue to adopt the golng concern basis of accountlng in preparing the financlal statements. 1.3 charltsbl• funds UnrestrScted funds are available for use at the discietion of the trustee5 in lurtherance of thelr charitable objectives. Restrlrted funds are subject to specific conditions by donors or grantors as to how they may be used. The pu￿OseS and use5 of the restrlcted funds are set out in the notes to the financlal staternent Endowment lund5 are subject to specific conditions by dorKsrs that the c8pitsl must be maintained by the charity. 1.4 Income Income is recognised when the d)artty is legally eniltled to It after any performance conditlons hwe been me¢ the amounts can be measured reliablyi and il is probable tl)at income will be recelved. Cash donations are ￿OgnISed on receipt. Oiher donations are recognised once tlie tharlty has been notified of the donatlon, unless peilormance condliions require deferral of the amount. Income tax recoverable in relation to donatlons received under Gift or deeds of covenant is recognised at the time of the donation. 22- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A Employment Costs 2024 2023 Wages and salaries Soaal security cost5 Other penslon costs 361,827 24,946 14,096 310,437 21,190 14,390 400,869 346,017 Remuneration received In the year by the Charlty's key management amounted to £169,S01 (2023: £122,968.) There were no employees whose annual remuneratSon was more than £60,000. 12 Taxatlon The charlly Is exempt from taxation on Its acllvltles because all Its income is Jpplied for chaiilable purposes. 13 Tangiblé flxed assets Property Imwovemehts Pl•nt ond FIxtUr￿ and equlph)eht Ilttlhgs Computers Total Cost At 1 April 2023 Additions 540,280 16,252 53,375 616 61,811 1,975 671,718 2,591 Ai 31 March 2024 540,280 16.252 53.991 63.786 674,309 Depreclatlon and IMp4imient At l April 2023 Depreciation charged In the year 159,387 54,028 1 S,790 84 23,654 5,740 56,668 2,120 255,499 61,972 At 31 March 2024 213,415 15,874 29,394 58,788 317,471 CBrrylng amount At 31 March 2024 326,865 378 24.597 4,998 356,838 At 31 March 2023 380,893 462 29,721 5,143 416.219 -29- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Stocks 2024 2023 Flnlshed goods and goods for resale 1,220 1,201 15 Debtots 2024 2023 Amounls falllng due wlthln one year. Trade debtors Prepayments Bnd accrued Income 23,271 26D19 35,332 5,286 49,290 40,618 16 Credltor5: •mount5 fallin9 due wlihln one year 2024 2023 Trade credltors Accruals and deferred incorne 14,467 4,780 5,107 6,440 19.247 11,547 17 Retlremellt benellt schemes 2024 2023 D•flned tontributlon schemes Chaige to Profit or10ss in respect of defined contributlon schemes 14,096 14,390 The charity operates a defined contribution pension scheme for all qualifying *mployee& The assets of the Scheme are held separately from those of the charity in an independently administei'ed lund. 30- Lnoo8 In in tr- owm O Di tyi fo O Ln LO orrtm￿￿ Ln 00 O ¢YI iD Ln In o o in tsj In o c c c J J J q> w ZaaaVl*X> YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestricted fvnds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to 5pecifl£ conditions by donors and grantors as to how they may be used, These includ& designated fund5 which have been set aslde out ol unrestricted funds by the tnjstees lor specific p(Jrposes. At 1 APYSI 2023 Incoffllng reiources Resources expended Transfers At 31 March 2024 General frjnds 2,062,172 343,551 1207,3431 2,198,380 Pr•vlous yeat,. At 1 Aprfl 2022 Incoffling resources Rq50urc•s •xpendod Trgnsf•rs At 31 March 2023 General funds 1,833,778 399,618 1238,4831 67,259 2,062,172 20 Analy515 of net assets between funds Unrestrlctqd fund5 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024.. Tangible assets Current assets/(Ilabllillesl 80,849 2,117,531 275,989 14S,206 356,838 2,262,737 2,198,380 421.195 2,619,575 Unr•strlcted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible a55et5 Cun'ent assets/{Ilabllitiesl 93,209 1.968,963 323,010 120,995 416,219 2,089,958 2,062,172 444,005 2,506,177 .32- YOUNG MEN'S CHRISTIAN ASSOCIATION (LISBURN) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Rélatèd party transKtlons There were no disclosable related party transactions during the year12023 - none). 22 Cash gen•rat•d from operallons 2024 2023 Surplus for the year 113,398 184,573 AdJu5tments for,. Investment income recognlsed In statement of fSnanclal acttvifjes Depyeciation and Impairment of tangible fixed assets 115,4971 61,972 14,1361 62,117 Movements Sn working capital.. Ilncrease) in sIDcks Ilncrea5e)/decrease In debtors Increase/(de(reasel in creditois 1191 {8,672) 7,700 (676) 62,821 167,311) Cash generated from operatlons 158,882 237,388 23 Analysis of chang•s In net fvnds The charity had no matellal debt durlng tlie year. 33-