Th• Natlonal Councll of Young M•n'• Chrlstlan AB8oclatlon8 of Ireland Llmlted FinancSal Statem•nts for the ye8r ended 31 March 2024 Company Number: N101 $660 Charlty Numbér: XN 43820 CCNI: 105739
The National Councll of Young Men's Chrlstian Associatlons of lrnland Llmlted Tabla of Contents Company Informalon Report of the Ex8CUtive CommFtt8e 2-11 Report of the Indep8ndent Audltor3 12-15 ststement of Flnanclal Actlvtties 18 Balance Sheet 17 Cashflow Stsloment 18 Notes to the Flnancl81 Statements 19-30
The National Councll of Young Men's Chrlstlan Associations of Ireland Limited Company Information for the year ended 31 March 2024 CHAIRPERSON Mr Jonny Currle SECRETARY Ms Jade Irwin TREASURER Mr Gar8th Kirk TRUSTEES See Report of the Executlve Commlttee Ulster Bank Limited 11 16 Donegal Square East Belfast BT15UB AUDITOR A4B Group Accountants Llmited 1-3 Arthur Street Belfast BT14GA REGISTERED OFFICE National Centre Greenhill YMCA Donard Park King Street Nawcasue BT33 OGR Co. Down REGISTERED COMPANY NO. N1015660 REGISTERED CHARITY NO. XN 45820 CCNI REGSTERED NO. NIC105739 KEY MANAGEMENT PERSONNEL John Peacock- National Secretary David BaGkhouse - Deputy Natlonal Se¢retary
The National Council of Young Men's Christian Associatlons of Ireland Limlted Report of the Executlve Committee for the year ended 31 March 2024 INTRODUCTION The Trustees present their annual report together wrth the audited financial statements of The National Council of Young Men'5 Christian Associations of Ireland Limited (commonly known as YMCA Ireland") for the year ended 31 March 2024. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the requirements of the Company Memorandum and Articles and have been prepared in accordance with Accounllng and Reportlng by Charities: Statement of Recommended Pracllce applicable to charities préparing their accounts in accordance with the Flnancial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019} (Charities SORP (FRS 102)), the Financlal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). Thls report provides Snformation on National Councll of YMCA'S activities and financial performance. It forms part of a range of publlc information designed to give an open account of our work. STATEMENT OF TRUSTEE'S RESPONSIBILITIES The Trustees (who are also Directors of The National Councll of Young Men'8 ChristSan Assoclation8 of Ireland Limited for the purposes of company lawl are responsible for preparing the Annual report and the flnanclal statements In accordance with applic8ble18W and regulation. Company law require$ the Trustees to prepare financial statements for each financial year. Under that law the Trustees have prepared the financial statements in accordance wlth United Kingdom Accounting standards, comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Republlc of Ire18nd'. and appllcable law (Untted Kingdom Generally Accepted Accounting Pracllce). Under company law the Trustees musl not approve the financi81 statements unless they ar8 satisfled that they giv8 8 Irue and fair view of the stste of the 8ffairs of the charltable company 8nd the group and of the incoming resources and application of resources, including the income and 8xpendilure, of the charitable group for that perlod. In preparing these financlal slatements. the Trustees ar8 required to.. select suitable accounling pollcles and thèn apply thém consistently, observe the methods and principles in the Slaternent af Recommended Practice, Accountlng and ReF)Orting: Accountlng and Reporting by Charities12015),' make judgements and accountlng estimates that are reasonable and prudent,. slate whether applicable UK Accounting Standards, comprising FRS 102. have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufflclent to show and explain the charitable CoMpanS transactions and disdose with reasonable accuracy at any time the financial position of the charitable company and the group and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitabl& company and the group and hence for taking reasonable stsps for the preventlon and detection of fraud and other irregularilles. STRUCTURE GOVERNANCE AND MANAGEMENT . STRUCTURE The National Council of YMCAS of Ireland is a UKINI Incorporated charitable company limited by guarantee. It a150 acts as the umbrella organi5ation for the National Council of YMCAS of Ireland (Rol),
The National Councll of Young Men's Christlan Associations of Ireland Llmlted Report of the Executive Committee for the year ended 31 March 2024 hence the occasional reference to work In Cork & Dublin. It was incorporated in 1982 when it became independent from YMCA England. The Company Is governed by its Memorandum and Artlcles of Association. The company has been grantsd charitable status by the Inland Revenue and accordingly is exempt from income tsx, corporation tax and capital gains tax. It is also registered with the Charity Commission for Northem Ireland. Reglstration number.. NIC105739. It's charity reference number is XN45820. b. METHOD OF ELECTION National Council is an UMblIa body for local YMCA associations in the island of Ireland. It is managed by an Executive Committee. whose members are elected at th8 Annual General Meeting. In addition Honorary Officer Bearers are elected to serve on the Executivè Committee, these being 8 Chairpèrson, Honorary Treasurer and 2 Vice ChairpersonslPresidents. Currently the m8mber8 of the Nallonal Executlve are registèr8d as Company Dlrectors. The AGM 818¢ts trustees to lh6 Natlonal Council of YMCAS of Ireland (Roll CLG each year as Its regl$tefftd Charity entlty In th8 Republlc of Ireland. The Accounts for this company ar& publish8d separately and It Is registered with the Charity Regulatory Authority in the Republic (20026585). Members elected at the AGM held on the 25th November, 2023 were: Mr Jonny Currie (Chairp8rson} Mair Kelly (Vice Chair) Ms Jade Irwin (Company Secretary) Mr Garelh Klrk (Treasurer) Mr Chris Cupples Ms Karen Graham Ms Lisa Ounn Mr Gordon Llghlbody Mr John McNicholls Mr Dave Wlgglns Ms Andrea Spenc8 Ms Lorraine Boyd Mr Alejandro LgSSO Mr Dean Nutt Kathryn O'mahony Ms Michele Taytor Loma Somers Colin Meikle Ms Leanne Young Mrs Helen Dunn Mr Blalr Austin {8ppolnted 25th November, 20231 (appointed 25th Novemeber. 20231 (appointed 25th Novemeber, 2023) (reslgned 20th September, 2023) (resigned 25th November, 2023} (resigned 25th November, 2023} Bank: Ulster Bank Belfast Clty Branch Solrcitors: Hewitt and Gilpin Belfast c. POLICIES ADOPTED FOR THE INDUCTION AND TFiAINING OF TRUSTEES YMCA Iland ha5 developed and adopted a Trustee Handbook which sets out the necessary information for Trustees required to execute Iheir rde. This has been prepared in line with the Govemance Code which infoms best practice in this area.
The Natlonal Councll of Young Men's Christian Assoclations of Ireland Limited Report of the Executive Commlttee for the year end8d 31 March 2024 YMCA Ireland has formally signed up to The Govemance Code for the Community. Voluntary and Charitable Sector in Iroland. d. ORGANISATIONAL STRUCTURE AND DECISION MAKING The Trustees meet as part of the Nallonal Executive of the National Council of YMCAS of Ireland Ltd. During 2023124 the National Executive mel on 7 occasions. There is a Personnel & Training Slanding Committee which is responsible for advising the National Executive on personnel issues, a Finance and Audit committee which meets lo prepare and monitorthe audit process and a Global Justice & International Development Standing Commlllee. In additlon the AGM have appointed Standing Commlttees for Portadown YMCA and a Newcastle Regional Standing Committ88 YMCA to support Greenhill YMCA & Newcastle YMCA. They meet to agsess local needs, develop strategy and scrutinise the local budget. All committees have terms of reference and are accountable lo the ExeculNe al each meeting. None of the YMCA Trustees recelved r8muneration for their services. Dal to day operatlonal and programme delivery is the responsibility of the Senlor management and operatlonal staff t8arn. e. RELATED PARTY RELATIONSHIPS The AGM appolnls Trustees to the National Council of Ireland YMCA IROI) CLG which is registered with the Charity Regulatory Authority. These trustees are all members of the National Executive Committee. f. RISK MANAGEMENT The Nation81 Exécutlve has assessed the major risks to which the Company is exposed, in partlcular those related to the operatlons and finances of th8 Charity, and Is satisfied that systems and procedures are in place lo mitigate our exposure lo the major rlsks. The organlsation has a Risk Register which Is prepared by the senior management team and reviewed annually by the National Executive. The rlsk reglster seeks to summarlse Ihe threats or possibility that an 8clion or event lor sometimes inaction) wlll adversely affect our organlsation's abilty lo achleve Its obJeclive8. We strive to.. Avoid unnecessary nsks. Control risks which inevitably arlse as a result of our artivitles. A key risk at Ihis lime Is the increase Sn tha cost of living costs and thls has had a particular impact on our outdoor centre, Greenhill YMCA over th8 past 2 years. This came on the back of the lockdown due to the Covid-19 virus and produced ' a perfect 51orm' for residential centres trying to bounce back from an enforced closure of 18 months. Mitigations which are being pul in place to manage this risk include: A review of the pri¢ing structure for acttvities, residentials & summer camp at thé centre., A revlew of the purchasing system at the centre., A review of the staffing structur8 at Greenhill,. Ensuring department head5 lake responsibillty for budgetary controls within their departments; Closely fflonitorlng income and expenditure at the centre during the current year. Greenhill YMCA also manages Glenada YMCAfYWCA in Newcastle where over 20 intemational volunteers are ar0MModated who cary out a range of tasks at the centre. Over the coming years, it is the intention to consider the disposal of this asset and to use Ihe income generated to form the basis of building a new volunteer house on Greenhill's Donard Park site.
The National Council of Young Men's Chrlstlan Associatlons of Iroland Limited Report of the Executlve Commltto0 for the year endod 31 March 2024 Pay Policyflx Staff The National Council al ils Annual General hheetlng appolnt a Standing Committee lo oversee all Personnel matters. All staff remuneTallon is based on a lob evaluallon system based on job function and r9sponsibility and salaries are sel against a YMCA Pay Scale. The Committee examingd salarfes against th8 NJC scales, which indica¢sd that the remunaratlon levels for staff were appropnal8ly aligngd wllh Sgctor averag. P•nslon Sch•m• The Council operatès a Wothplace Pension Schemè wllh Royal London, whlch 18 adminlstered on behalf of Ihe Trust by a profe8slonal advisor. Staff are enrollgd In the 8ch8ffl8 on appolnlm8nl wllh poslponemenl period ofthree months. Volunte•r• The YMCA is dependent on the eonthbulion of volunteers for both the d8llv6ry of progr8mm68 and servlG08 8nd also lor providing strategic and operational overslght of118 activities 81 both 8 local and nation81 levef. In addllSon lo lo¢ programme 8nd managèm&nl volunteers. Ihe YMCA also hosts a number of Int¢maUon81 voluntser8. In 2023124, approxlrnatety 50 vclunleer8 Wore engaged wlth the Nallonal Councll In Northem Irel8nd. We 0811ma19 a lolal 0150,000 hours ol voluntary work wore contributed at £11.44 per hour ( n8lTonal Livéng Wage wlth effecl from 1 April 2024), Ihls equatos lo a conlribullon lin ter of soc181 cap6ts1I of ovar £570,000 in 2023124. The YMCA operat88 a pollcy wher• tr8vel and out of pocket expenses can be Telmbursed lo volunteers. ObJ•ctlv•B and PdMtI•• In sottlng our obla¢lives and planning our actlvllle8 for the year the Iru8tee8 have givon careful conslderallon to the Charfty COmThssK)n for Norlhem Ireland's guidance on public ban$fil lo en3UTe that the acllvltl88 have helped lo achieve the YMCA'S purpose8 and provide 8 bonefil lo the b&nefid8rt85. . VISION AND OBJECTIVES YMCA Irel8nd'$ vlslon Is for. A wortd whern young people, theirf8mllles and communttles fiourfsh In body, mind and 8plrlt. Our mlssion 1$ twolold.. l. to create inclusive communlues whero everyone fegls w•lcomed. accepted and InspSred by soclal juslic8 ond peace for all, and 2. to provode life enrfthlng opportunllles for young w)ple, Iheirfamllles and communbles. YMCA Iro18nd'3 princlpal objectlvgs 88 lald out In its Memorandum and Arlicles of A85ocialion aro.. 1. To provide or asslst In the provlslon of educatlon, for peoplg of all 8ges and In partlcular young people, with the oblect of developing their phy8iC81, mental or 8pirilual capacllle8. l To promote healthy living incjudlng emotional and mental wellbeing through the provlslon of Inforniation. education and 8Ctivities. 3. To promoie community eng8gem8nl and citlzenshlp, for young people, their families and other adults for Ihe purpose of family support, communlty relations and aeiTve citizenshlp. 4. To relieve or 8881st in the relief ol nead expèrienced by pèople of all ages and In parucularyoung people, who are In conditions of hardship or dlstress by reason of their social, physical. emolional, sptrilual or economic circumstances.
The National Council of Young Men's Christian Associations of Ireland Limlted Report of the Executlve Committee for the year ended 31 March 2024 Our value base is that every YMCA will be a place of: Welcome (diverse, inclusive, accepting. unconditional love, safe space). Opportunlty (youth & community led, listenlng for young people's volc8, believlng in people's potential, participation) Wellbelng (thriving, flourishing, working from a strengths based and holislic approach) • Peace Ipeacebullding, fairness, sharing} & Justlco (fairness, integrity, global citizenship) Guldlng Prlnclples We are committed to.. An all-island approach., Collaborative & partnership worklng. Being progressive & responsive. Listening & Learnlng., A holistic approach to young pèople (person, famlly. community, world}: A whole family approach., 88lng trauma Informed and flourishSng' Climate action and the sustalnlng of our envlronmenl,. Global Justice and international development- Working in ways that are stimulating and enjoyable. b. STFIATEGIES FOR ACHIEVING OBJECTIVES Strengthenlng our Organl8atlon to onsure we romaln Sustalnablo and Relevant. Why7 In order to fulfil our Vlslon and Mlssion. and to SU8taln our ethos as a Fallh Based organlsation. we rocognise the need to strengthen our organlsation to be more sustainable in lerms of flnance, people and ethos. becoming more resilient and adaptive to our changing environmenL Thls will enable us to adhere to our Guiding Prindples, spoclflcalty.. An all-lsland approach. Collaborativè & partnership worklng,. Being progressive & responsive. Listening & Learning. How7 By exploring options for InCasing diverslty in funding streams including alternave statutorylgrant funding, development of social enterprises, fundraising opportunities. Through developing a clear governance structure, 6ffective and purposeful leadership. and focussing on the wellbeing of a strong staff and volunteer team. By staying true to our foundatlons while exploring ways and means to be accepling and inclusive in our mLhYern world. Progre8S We have appointed a Business Development Officer to support the YMCA. localty and nationally, to become more effective and sustsinable. We have appointed a Chaplaincy Coordinator lo help us slay true to our ethos while supporting the emotional. spintual & mental health of our staff & volunteers.
The Natlonal Council of Young Men's Chrlstian Associations of Ireland Limited Report of the Executive Committse for the year ended 31 March 2024 2. Taking StOP5 towards Sustaining the Planet and Global Ju8tlce Why7 Our Mission and Vision commits us to take adion for the protection end regeneration of our Planet. preparing for a Just Transition to a world where humans live in full harmony with Nature. This is an expression of our Values of Opportunity, Wellbeing. Peace and Justic8 and will adhere to our Guiding Principles, specific811y'. Being progressive and responsive. Climate action and the sustaining of our environment: and Global justice and internation81 development. How? We wll take sleps towards becoming a climate-neutral Movement, building a roadmap that will allow all YMCAS to make measurable and meaningful progress in their policies and practices based on our Climate Justice Chart8r. We wlll Insplr8 our rnembers, staff. volunteers and community stakeholders to practice 50c5al lusllce and champlon environm8ntal responsibility whlle also integrating dimate education components for young p8ople and communities In our programmes. We will provide Global Citlzenship Irainin91o ensure young people, staff and volunteers become actfve global cltizens commltted to a fairer and more sustsinable luture for all. Progress Irish Ald fundlng has been secured en8bling u3 to appoint an All-lsland team to help the YMCA movement lo be more effective in advocating for climate action and be more progresslvé In terms of global justice and inlemational development. The Global Justice & Intemalional Oevelopment Committee has praducad a Global Justice and International Development policy for ralificalion by the National Executive. A youth-led conference has been held, surrounding the AGM, lo ensure this issue 1$ at the forefront of YMCA activities going forward. 3. Ensurlng Effa¢tlve and Rélovant Movom•nt Support Why? Our Vision and Mission commits us lo supportlng the development and capaclty of our local associatlons. recognising our role as a National organisation to build a strong netrKJrk of YMCA'S across Ireland who deliver excellent local and regional services. This will enable us to adhere lo our Guiding Principles. specifically. An all-island approach., Collaborative & partnership working; Being progressive & responsive; and Listening & Learnlng. How? By providing a range of shared services Sn response to the needs of local associations. By providing quality assurance, youth work, personnel, financial & health & safety support as requlred. By facilitating relevant support to local Boards of Management and General Secretaries and oth8r staff to facilitate cooperative working and strategic thinking. By provlding a suite of training and leaming opportunities through the Workforce Development Group, to promote best practice, shared learning and stsfflvolunteers who feel connected and confident in their roles.
The National Councll of Young Men's Christian Associations of Ireland Llmlted Report of the Executive Committge for the year ended 31 March 2024 Progress National Secretary, Deputy Nathlonal Secretary, Training Officer, Personnel Officer & Flnance Officer continue to provide a range of servicès to local associations and the wider movement. The appointment of a BDO & a Communications Officer is also contributing to thls objective. National YMCA have been successful a8 the lead partner in a 7.78m euro bid over 4 years. The Epower 2 Transfom programme will provide 2 youth workers in each local a88oclation to work with 77 young people OV8r the course of the prograrnme.we have partnered with Youth Link, Youth Initiatives & Menc8P to ensure we will build communlty relationswith over 1300 young people. each for a 6-9 month period. Thls will also add stability and help lo cover core admlnistratlon & management C051s over the next 4 years. 4. Deliver Effoctlv• Youth, Famlly & Communlty 8•rvlc•s and Programmos Why7 In order to achieve our Vlsion and Mlssion, we will contlnue to dallver effectlva sèrvlces and programmes that ensure better outcomes for th8 young people, familles and communltles wllh whom we work. Thls delivery wlll be an expresslon of our Values of Welcome. Opportunlty, Wellbeing Peace and JustSce, and wlll adhere lo our Guiding Princlples. 5pecifically'. Collaborative & pgrtnership working; Being progressSv8 & responsive: Listenlng & Le8rning', A hollstic approach lo young people (person, family, community, world)., A whole family approach., Being Iraurna informed and flourishlng; and Working in ways that are stimulating and enjoyable. How? By facllitaling local & regional n8eds-led programm8s that are youth led 8nd inclusive. By developing collaborative expertlse in thematic areas such as Global youth Work or Peacebullding. By demonstrating cle8rly the effectiveness of our services and dellvery of programmes. By researching & piloting new tools for measuring the impact of our services. By the development of Cu1cUlUrn resources which support the provlslon of services at a local and regional lev81. Progr•ss Staff continue to provide local & region81 seNices in Cork, Cobh. West Cork, West Dublin, Portadown. Newcastle & at our National Centro at Greenhill. Portadown YMCA 8ppointed a new General Secretary and plans for the future are looklng very positive, Newcasue YMCA have rnov8d lo the Belfry, a central location which places th& association at the heart of the community. Greenhill YMCA opened its new hub and this has become a valuable resource for both vlslllng groups and the local community Ilhrough swlmming lessons for example). West Cork YMCA In Clonakilly moved into a new purpose built prpmi585 in partnershlp with the Clonakilty Community Youth Committee and continues to be the primary provider of youth services to young people in the area. Cork City YMCA has been improving its Martboro Street premises and facilities and is operating as a busy hub of youth WC*rk and sUPPOrt S8rvices the the YMCA in Crk region and beyond. • Cobh YMCA has also renavated its premises and provides youth vocation {STEP) and family SUPFQrt IPAKfi to the community In Cobh. West Dublin YMCA has appointed a n8w region81 development oiTicer and de8pened long standing relationships with the cammunlty and wilh its core funders.
The National Councll of Young Men's Chrlstlan Associations of Ireland Llmit8d Report of the Executive Committee for the year ended 31 March 2024 5. Develop Effoctivg Communlcatlon: Why7 In order lo achieve our Vision and Mission. we will promot8 the image and valu8s of the YMCA in Ireland by ensuring that relevant infomiation is communlcated to both our internal and extemal stakeholders. This will enable us to adhere to our GLJidlng Principles. 5p8cifically: Collaborative & partnership worklng: Being progresslve & responsive., Listening & Learning. and Working in ways thal are stimulating and enjoyable. How? By increasing collaboration and knowledge exchange among YMCAS • By representation on a rang8 of external bodies of Influénce vthose policies and strategies impact our s8rvlc8s, By amplifylng the voicès of young people by represénting thelr vlews as well as en8bling young people to particlpate In existlng and new for8. By providing links behveen local, national, Europèan & Wodd YMCA networks. • By building a renewed communications strategy lo ensure that th8 work Is communlcated intemally and extgrnally, Progress Wa have appolnted a Communications Officer lo fulfil a renewed communications Strategy and plan and to promote the wark of the YMCA in Ireland. The National Secretary continues to represent our movement at Europ8an & World YMCA levels. Plans tor future porlod$ FUTURE DEVELOPMENTS A £1 m c8ntre for Greenhill YMCA has been completsd and provld88 space for 160 people to gather at Greènhill for activities and prograrnmes. In addition, this facility inGorporales a hydrotherapy pool for the use of young people with additional needs, thanks lo fundlng from the National Lottery. This facility has 81s0 enablgd the d8velopment of 5wlmming lessons which has generated som8 much needed Income in conjunction with 'the Lelsure Experts,. Other soclal enterprises, such as an Ice Cream parlour. further use of the hub as a corpor8le meeting space and wider usage of the Castle Park facilities for income generation are under varlous stages of devdopment. The strategic plan was approved at the AGM in November, 2022. Work based on the strategic plan is hlghlighted above and will continue to guide annual work plans for all departments over thè coming year. Additional applications have been submitted for Peace Plus funding for work with ASM seekers & refugé8s in addltion to the successful bids for the Empower 2 Transform programme, the Agenda for Peace for Shared Education & the Voice of Youth for Impact measurement. As these have been successful, It will have a significantly positive impact on YMCA Ireland finances for 4 years from 2024 onwards.
The National Councll of Young Men's Christian Associations of Ireland Limited Report of the Executive Committee for the year ended 31 March 2024 Flnancial review GOING CONCERN After making appropriate enquiries, the Trustees have a reasonable expectation that the Council has adequate resources lo continue in operational existence for the foreseeable future. The overall financial performance for the year was satisfactory due to the financial climatg. The Charitys total reserves decreasad by £362,660 to a still very healthy £3.861,180. Unrestricted funds al £553,024 dacreased by £153,779 whilst funds set aside for specific purposes "de8ign8led funds" at £112,589 decrèased by £25,421. 8 total decrease of £179,200. The balance sh89t of the charlty remalns slrong. The cash posillon at the year end was at £540,702 a decrease of £72.399 compared to the slart of the er. Debtors owed £258,315 at the year end, a de¢rea88 of £40,538. Credllors payable at the year end were £327.481 an Increase of £86,475. There wera no cash flow i5sue8 encountered during the year. . FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The National Councll seeks to balance its income been self generated fundlng and fundraising including instilulional support and government grants. Over dependence on a Single source of finance is a concern and reserves are kept to ensure any sharp downturns in funding can be accommodated. The National Executlve receives quarterly financial reports outllning Income and expenditure against budgets. Thls can enable managem9nt to Identlfy any Issues as they arise and take corrective 8Ctlon. b. PRINCIPAL RISKS AND UNCERTAINTIES YMCA 1$ Wofklng towards belng rnor8 self-sustaining and reslli8nt through spreading the fundlng bas8 and tsking a more intentional soclal enterpiise approach as we can no longér afford to depend on the Educatlon Authority as a primary source of funding. c. RESERVES POLICY Nation81 Executive committee have established a pollcy vthereby the unrestricted funds not committed or invested in tangible fixed assets {'the free reseN85') held by the charlty should be three months to six months of the unrestricted resources expended. These have been plaGed in a high interest savings account to maximlse inter8St returns. At this level the Ex8CUtlve feels th8t National Councll would be able to continu8 the current activities of the charity, in the event of a significant drop in funding. It Vuld be necess8ry to consider how th8 fundlng would be replaced or the activities changed. At present free reserves, excludlng d&signated funds. amounl to £553,024. Provision has also b8en made for potential redundancy costs should govemmonl funding be withdrawn or significantty reduced. These funds ar8 held to offset any sudden changes in grant aid to the organisation. 10
The National Council of Young Men's Christian Associatlons of Ireland Limlted Rgport of the Executlve Committee for the year ended 31 March 2024 DISCLOSURE OF INFORMATION TO AUDITORS The Trustee at thè time when this Trustees report Is approved has confinned thaL' so far as that Tmstee is aware. there is no rdgvant audtt infomation of which the Trust audltors are unaware. and that Trustse has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit Information and to estsbllsh that the Trust audltors are aware of that Information. This report was approved by the Trustees on Thursday 7th Novemb8r 2024 and slgned on their behalf by: Mr Jonny Currle (Co-Chalrperson> for and on bohalf of National Councll of YMCA8 ol Ireland Llmltod
Report of the Independent Audltors to the members of The National Councll of Young Men's Chrlstlan Associatlons of Ireland Llmlted (a company limited by guarantee) Oplnlon We have audited the flnancial statements of The Natlonal Council of Young M8n's Christian Associalions of Ireland Llmit8d. for the year ended 31 March 2024 which comprises th8 Statemgnl of Financial Aclivllles, the 8alance Sh8gt, the Cash flow statement and the notes lo the accounts, including a surnmary of significant accounting policies. The flnancial reporting framework that has been applied In their preparation is applicgbl8 law and United Kingdom Accounting Standards, in¢luding Financi81 Reporting Standard 102. The Financlal Reporting Standard applicable In the UK and Republic of Ireland {Uniled Kingdom Gen8ralty Accepted Accounllng Praclicel. In our opinlon the accounts.. - give a true and fair view of the stale of the charitable companys affairs as at year ended 31 March 2024 and of its incoming resources and application of resources, including Its income and expenditure, for the year then end8d- have been properly prepared in accordance with United Kingdom Generally Accept8d Accounting Practice,- and have be8n prepared In accordance with th8 requSrements of the Cofflpanies Act 2006. Basls lor oplnlon We conducted our audlt in accordance wtth Inlemational Standards on Auditing IUKI IISAS IUKI} and applicable law. Our r8sponsibi11ti85 under thosè standards are further described in the Aufjilols responsibillties for the audll of the accounts section of our report. We are independent of the charlty in accordance wllh th8 ethical requlrements that are relevant to our audlt of the accounts in the UK, includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibillties in accordance with these requirements. We believe that the audit evldenc8 W8 have oblained is sufficient and appropriat8 to provide a basls for our opinion. Con¢lu81on8 relating to golng eoncorn In auditing the financial statements. we have concluded that the trustees, use of the going conc8rn basis of a¢¢ounting in the preparation of th8 finanGial statements is appropiate. Based on the work we have performed, we have not identified any material uncertaintles relating to events or conditlons ihat, individually or collectively, may cast significant doubt on the charitys ability lo continue as a going concern for a period of at least twelve months from when the financial statemenls are authorised for issue. Our responsibilities and the responsibilities of Ihe trustees with respect to going concern are described in the relevant sections of this report. 12
Report of the Independent Audltors (continued) to the membors of Tho National Councll of Young Men's Chrlstlan Associations of Ireland Limited (a ¢ompany limited by guarantee) Othor Inft•rmation The Iruslees ar8 responsible for the othèr information. The other Information comprises Ihe Informatlon induded in the annual report, other than th8 flnancial slalemenls and Dur auditors, report thereon. Our opinion on th8 financial statements does not COV8r the other informatlon and we do not express any form of assuranc8 conclusion th8reon. In connectlon wllh our audll of the financial statements, our responslbllSty Is to read the other Information and, in dolng so, consider whether the other informatlon is materlally inconsistent wlth the financial statements or our knowledge obtained In the audlt or otherwls8 appears to be materially rnIS5tated. If we Identify such material inconsislencies or 8pparent material misststements, we are required to determine whether Ihere is a material misstatement in the financial statements or a material misstatement of the oth8r infonnallon. If, based on the work we have perftjrmed, we conclude that there Is a material mi8Stalement of this other informatlon, we are required to roport that fact. We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Compan188 Act 2006 In our oplnion, based on the work undertaken in the course of our audll.. the Informatlon given in the Trustees R8POrt for the flnancial year for whlch the accounts are prepared is consistent with the accounts., and the Trustees Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are roqulred to r8POrt by excaptlon In the light of Ihe knowledge and understandlng of the Trustees and its envlronment obt81ned In the course of the audit, we have not identified material misstatements in the Trustees Rèport. We have nothlng to report In respect of tha following matters In relatlon to which tho Companies Act 2006 requires us to report to you if, In our oplnion.. - adequate 8ccounting records have not been kept. or r8iurns adequate for our audit have not been received from branches not visited by us. or - thé accounts are not in agre8menl with the accounting records and returns., or certain disclosures of trustee8' remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. 13
Report of the Independent Auditors (continued) to the members of The National Council of Young Men'8 Chrlstian Assoclatlons of Ireland Llmlted (a company limited by guarantee) Rospon8ibllltl85 of Trust908 As explained more fully in th8 Statement of Trustees Responsibilities, the Trustees are responsible for the preparation of the accounts and for being sallsfied that they giv8 a true and farr view, and for such inlemal control as the directors del8rmine is necèssary to enab16 the preparallon of accounts that are free from material misslalemenl, whether due to fraud or error. In preparing the accounts, the Trust88s are responsible for assessing the charltls ability to conlSnue as a golng concern, disclosing, 8s appllcable, matters rélated to going concern and uslng the goln9 concern basis of accounting unless the Trustees 8lther intend to liquidate the company or to C8asa operations. or have no reallstic allernallve but to do so. Audltor's responslbllltiefj for tho audlt of tha financlal 8tat•m¢nt8 Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misslalement, whether ¢Jue lo fraud or error. and to issue an audilols 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 delact a material misslatemenl when it exlsts. Mlsstatements can arlse from fraud or error and are considered material if, individually or in the aggregate, they could reasonably b8 expected lo Influence the economic decisions of us8rs taken on the basis of these account8. Irregularities, including fraud, are Inslancas of non.compllance with laws and regulatlons. We design procedures in Iln8 Wlth our responsibillti8s, outlin8d above, lo detect material misstatements In respecl of irregularilies, including fraud. The extent lo whlch our procedur8s are capable of detecting rregularities, including fraud, is detailed below. We obtained an understanding of the legal and regulatory framework appllcable lo the company through enquiry of management, industry research and the application of cumulative audit knowledge. We identified the following principal laws and r8gulations relevant to the company- Companies Act 2006 and the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. We developed an understanding of the key fraud rlsks to the enllty (including how fraud might occur), the controls in place to help mitlgate those risks, and the accounts, balances and dSsclosures within the financial statements which may be susceptlble lo management bias. Our understandlng was obtsined through review of the financial statements for significant accounting estimates, analysls of joumal entries. walklhrough of the key controls cycles in place and enquiry of management. Our procedures to respond ta thosg risk5 identified included. but were not limited to= .Enquiry of management, Ihose Gharged with govgrnance and the entity's solicitors around actual and potential lits'gation and claims. .Enquiry of managernenl to identify any instances of non-compliance With laws and regulations. .Reviewing Minutes of meetings of those charged with governance. .Reviewing financial ststemenl disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. .Auditing the risk of management override of controls, including through testing journal entries and other 14
Report of the Independent Auditors (contlnued) to the members of The National Councll of Young Men's Christian Assoclatlons of Ireland Llmltod (a company limited by guarantee) adjustrnents for approprlataness, and evaluallng the buslness ratlonale of slgnlflcant transactlons outside the nomial course of business. A furthèr descrfption of our responslbllitles for the audit of the accounts Is located on the Flnanclal Reporting Councll'g website at.. http'.IIW.fr¢.org.UkI&udl1orsr85pon8Ib1IlIeS. Thls description forms part of our audilols report. Thls report Is made solèly to the charitable companls members. a5 a body, in accordance with Chapl8r 3 of Part 16 of the Companles Act 2006 and regulalrons made under that Act. Our audit work has been undertaken so that we mSght slate to the charitable companvs m8mber8 those matters we ar8 requSred to stale to them in an auditors, report and for no other purpose. To the fullest extent permittgd by law. we do nal accept or assume respons5bility to anyone other than the charitable company and its members as B b¢Jdy. for our audit work, for Ihls report, or for the opinlon8 we have formed. 7 November 2024 Ter?sa Campbell (Senlor Statutory Audltor) Data for and on behalf of AAB Group Accountants Llmltod Charterod Accountants & Statutory Audltors 14 Arthur Stre•t Belfasl Co Antrlm BT14GA 15
The Natlonal Coun¢ll of Young PAen's Chrlsllan As8ociatSon8 of lrnland Llmltad stst•mtnt of Financlal Actlvltl•$ (incorporating th• Income and Exponditur• Aecountl for the year ènded 31 March 2024 Restrictad Unrestricted DegSgnat•d Fund• Funds Funds 2024 Restrfcted Unr•strict•d DIqnat•d 2023 Funds Fund• Funds Total Not•• Incfffiid•Trdowffl•nfrom: 42,000 15.773 1,981 59,754 39,903 21,821 500 82.224 486.612 1,067,459 1,534,071 484.881 7.500 969.145 1,454,026 C•ptt41 Qrant• 113,429 11342g 185,150 185,150 508,612 1,196.801 1.•81 1,707,254 S32,284 1.176,116 000 1,708,900 A•lilnB lund• 1,127 3,513 4,840 3,800 ,10,11 875.873 1,373,638 15.763 2,065,274 780,$41 1,230,338 44,1SS 2,025,034 Oth•rexp•ndllurn Tot41 Fwndllur• 677,000 1.377.151 15.763 2,061914 750,341 1.233.938 44155 2,028,634 l Exp•tw• fvr Ihv y•ar 168.388 216,257 57.822 43,e55 TNMl•r• t•tM•n fur 115.0721 28,711 111.8391 {22.1971 32.290 110,0931 N•1 rn•Y•m•nllty lund 1183,4601 1153.7791 125.4211 1382,6601 1240,4541 125,5321 153.7481 1319,7341 7 3,379,027 706,803 138.010 4,223.640 3,619,481 732,335 191,758 4,543.574 Tothl F1rrIa For*w4 7 3.195.567 553 024 112 589 3 881180 3,379 027 706 803 138,010 4 223.840 The r•sult8 relate8 to ¢ontlnulng act11191. Th8 company has no r8cognls8d gains and105588 olher than thosè induded Abov• and therefore no s8par8te ¥1gternent of t rBcD3Tr15ed galns and10898s has boen pr88•nlod. Dg¥lgnated funds are unre5tsi¢ted fund8. The not85 on pages 19 to 30 fom an intagral part of th•88 financlal 8¢atem•nts.
The Natlonal Council of Young MenS Christlan Assoeiatlons of Ireland Umitéd Balance Sheet As at 31 Marth 2024 2023 FIXED ASSETS Tangible Flxed As88ts CURRENT A8SErs Cath at bank and in haThJ Dobtors 3.391.644 3.554.892 540.702 256.315 797.017 613,101 296.853 909.954 CREDITORS: Amounts lalllng due within one year 327.481 241,006 NEf CURRENT ASSEf8 469.536 868.948 NET ASSETS 3,861,180 4.223.840 REPRESENTED BY: FUNtXNa Unrestrfcted Inc<Jme Funds D881gnated Fund8 Restricted Inta)m8 Funds 553.024 112,589 3,195.587 708.803 138.010 3.379,027 3,861.180 4223.840 Tre financlal 8tat8monts wore approvod and authorfsed for IBBue ty the Board aTrJ were *n8d on Its behalf ty. ?/,,/£ onn urrlo (Co<halrperson) Chalrpqrnon 0711112024 Compw Numb•r. N1015060 Th8 noEes on pages 19 10 30 f(¥m an part of these financial statements. 17
The National Council of Young Men's Chrlstlan Assoclations of Ireland Limlted Cash Flow Statement AS at 31 March 2024 2024 2023 Not8 Cash provlded by Operatlng Actfvitles 15 63,451 36,336 Interest Income Purchase of Tangible Flxed Assets (8,948) (26,273) Cash provlded by Iu8ed In) Investlng aclivltles 8.948 126,273 Cash Flow from flnanclng •ctlvltlo8 Repayment of 8orrowlng Cash used In flnanclng actSvStles Movement In cash and cash equivalents Sn the year 72.399 62,609 Cash and cash equivalents at the beginnlng of the year 613,101 675.710 Total Cash and Cash Equlval?nt8 al th• ond of Ihg ar 540,702 613,101 18
The Natlonal Council of Young Men's Christian Assoclations of Ireland Llmlted Note to the Flnanclal Statements for the year ended 31 March 2024 1 ACCOUNTING POLICIES The principal accounting pollcies adopled, judgem&nls and key sOueS of estimation uncertainty In the preparation of the financial statements are as follows.. al Basis of preparation The financlal statements have b88n prepared in accordance wlth Accountlng and Reporting by Charities: Slalement of Recommended Practice applicabl8 to charitles preparing their accounts in accordanc8 wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 20191- (Charities SORP (FRS 102)), Ihe FSnancial Reporting Standard applicable in the UK and UK and R8publi¢ of Ireland {FRS 102, Section 1A), and the Companies Act 2006. The National Council of Young Men's Christian Associatlons of Ireland Llmlled meets the definltion of a public benefit entity under FRS 102. Assets and liabilities are inltlally recognised at hlstorical wsl or transaction value unless otherw158 51aled in the relevant accounllng policy nole{8). (bl Prep8ratlon of the accounts on a going concem basls After making appropriate enquiries, the Trustees have 8 reasonabl8 expectation that the Council h88 adequate resources to continue In operallonal existence for the foreseeable futur8 and assuming that government funding is renewed. For this reason they continue to adopt th8 golng concern basis in preparlng the financi81 slatemenls. This is also based on the organlsation's abillty to operate with an effecllve business plan including the ability of our residential centre to cover Its costs and build reserves for future development. (c} Fund Accounting General funds arg unrestricted funds whlch are avallable for use at the dlscretlon of the Truste85 In furtherance of the gener81 objectives of the Charity and which have not beèn designated for other purposes. Designated funds comprlse unrestricted funds that have been set aslde by the Trustees for particular purposes. General funds may b8 transferred lo d8signaled funds where Trusteés wish lo usa th8se funds for specific purpose. Such funds may be transferred back to general funds once the criteria for the designation have be8n mel or are no longer applicable. Restricted funds are funds whlch are lo b8 used in accordance wlth specific restrictlons Imposed by donors or whlch have been raised by the Charty lor particular purpose5. The cost of raising and adminlstering such funds are charged against the specrfic fund. The airn and use of restricted funds Is set out in the notes lo the financial statements. Restricted funds may only be transferred lo general or designated funds once the criteria for restriction have been disGharged or no longer apply. dl Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the it8mls) of income have been met, it is probable that the incom8 wlll be received and the amount can be measured reliably. Income from governmenl and oth8r grants, whether 'capitsl' grants or 'revenue' grants. is re¢ognis8d when the charity has entitlement to the funds, any performance condllions attached to the grants have been met. it is probable that the income will be received and the amount can b8 measured reliably and is not d8ferred. Income is deferred only when the charity has to fulfill conditions before becoming entitled to it or where the donorffunder has specified that the income s to be expended in a future period. 19
The Natlonal Council of Young Men's Chrsstlan Assoclations of Ireland Llmited Note to tha Financial Statements for the year ended 31 March 2024 1 ACCOUNTING POLICIES ctd... e) Donated seNic85 and facilities In accordance with the Charities SORP IFRS 102), the general volunt8gr tim8 of 5UPPOrt8rs is not recognised and refer to the trust8&s' annual report for more information about thelr contrlbulion. Q Expenditure and Irrecoverable VAT Expenditure is recognSsed once there Is a legal or constructlve obligation to rnake a payment lo a third paty,11 Is probable that setllem8nl will be required and the amount of th8 obllgation can be measured reliably. Expenditure Is classified Ljnder the following actlvlty headings: Costs of raislng funds., Expenditure on charitable acllvtties comprises those costs Incurred by the ch8rlty In the dellvery of Its a¢tivllies and services for its beneficiaries. It includes both costs that C8n be allocated directly to such acllvltles and those costs of an indirecl nature necessary to support them. AJI costs are allocated be88n the expendltur8 categories of the Statement of Flnanclal Actlvltles on a basls designed to reflect the use of the resource. Costs relating lo a partlcular activity are allocated dI¢y, others are 8PPOrtioned on an approprtate basls. Irrecoverable VAT15 charged as a cost against the actlvity for which tho expenditure was Incurred. gl Equipment used In projects The cost of equipment purchased for use in projects is inciuded In the prolect budg81 for grant claim purposes. The Trustees consider that equipment purchased for these projects form part of the cost of the projects and should not be Included as fixed assets of the charity. h) Operating leas&s Rental charges are charged on a straight line basls over th8 term of the lease, i) Tangible fixed assets and depreciation Tangible fixed assets gre stated at cost less a¢¢umulated depreciation. DepreGiatron is provided at rates cglculated to wrlte off the cost or valuation of fix8d assets, less their estimated rèsidu81 value, over their expected useful Ilves on the following basis.. Leasehold Property 4Yo Straight Line Freehold Propety 2Y. Straight Line Cabins and chalets 4Yo Straight Line Fixtures and flttrngs Flttings Computer equipment Motor vehicles 25% Straight Line 25% Straight Line 20% straight Line The carryng values of tangiable fixed assets are r8vrewed for impairment when ev8nts or changes in circumstances indicat8 the carrying value may not be recoverable
The National Council of Young Men's Christlan Assoclatlons of Ireland Llmlted Not8 to the Flnancial Statements for the year ended 31 March 2024 1. ACCOUNTING POLICIES ctd j) Debtors Trade and other debtors are recognis8d at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due. kl Cash at bank and in hand Cash at bank and cash in hand Sncludes cash and short term current accounts, l) Creditors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from 8 past event that will probably r8suIt in th8 transfer of funds to a thlrd party and th8 amount due to settle amount due lo 8ettle the obligation can be measured or estimated reliably. CdItorS and provision5 ar8 normally r8cognised at thelr settlement amount. m) Financlal Instruments The trust only has financial assets and financial liabllilies of a kind that qualify as basic flnancial inslrumenls. B88ic flnanclal instrurnents are initSally recognised at transactlon value and subsequently m8asur&d at th8lr setuement value. n) Taxalion The company Is a registered charity and the charltable tBX exemptions are therefore being claimed to the extent that income andlor gains are applicable and applled to charitable purposes only. These exemptlons wlll remein In place as long as income and 8xpendlture is applièd lo charitable purpose8 only. o) Reserves Policy In the interest of prudence and lo provide for future stabillty, The National Councll of Young Men's Chrisllan Associatlons of Ireland Llmited has introduced a reserves pollcy which alms to malntain unrestricted reserves equlvalent to bettveen three and six months of Its ongoing charitsble expenditure. p) Penslons The Council operates a Workp18c8 Pension Scheme with Royal London, which is administered on b8half of the Trust by a professional advisor. Staff are 8nrolled in the Scheme on appolntm8nt with a postponement period of three months Crltlcal accountlng estimates and judgements In the application of the charity's accounting policies, the trustees arg required to mak8 judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associaled assurnptlons are based on hlslorical experience and other factors that are conslder8d to be relevanL Actual results may differ from th8se estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised In the period in which the eslimats is revised where the revision affects only that period, or in the period of the revision and future periods where Ihe revision affects both current and future periods. 21
Thg National Councll of Young Man's Christian Associations of Ireland Llmlted Noto to the FlnancÉal Ststements for the year ended 31 March 2024 2. RESULTS FOR THE YEAR The result for the year has been arrlved al after charging tha following-" 2024 2023 Auditor ReFnuner8tion D8pY8cialion 7,200 172.198 6,000 169,895 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY MANAGEMENT PERSONNEL 2024 2023 Staff Cost¥ Wages and Salari88 Soc181 Securlty c1$ Pension 974.117 76,957 44.275 1,095,349 895.015 69.358 36,157 1,0.530 Thè avemga numb¢r of people 8mployed by the c¢)mpany durtn9 tho ar was a8 follows.. No. 52 Nfy One 8mployoe r8celv8d m¢rg than £eo,00012023.' onel. One employee r8celved moro than £70.00012023'. none). Pen8lon c08t8 are allocated to actSvltloB In proportion to thg related stsffing costs Incurred. The chBrity trustees war8 not pald nor rec•lv8d any other beneffts from 8mployment wllh tha Charlty Sn the year12023'. £nlll. No Dlrector2 recelv8d travel expen888 during the y8ar ded 31 Marth 2024 {2023'. £nlll. Trustags ofthe charSty recgived payrnent relmbursemenl of travel cost8 totalllng £nil12023.' £nlll. The key man898m¥nl per8onnel ol the charity comprlse th• Iru8tees and the National Secretary. The employee b8nofit8 ofthe key managèment personn81 oflhe chaty wor8 £70,28912023- £68.5781. FIXED A88ET8 Gr•enhlll Cablns & Flxtur•• & Motor L•a••hold Ch•l•ts Flttlngs V•hlcl•$ Prop•rty Equlpmont Portadown Portadown Fr••hold Loaiehold Land Prop•rty Ttsl•l COST A3 al 1 Aprfl 2023 Addith'9 Di8poBal Transfor As al 31 March 2024 1.167.953 299,934 41.462 3,111.334 297,775 8,948 80,000 1,422.528 6,400,984 8.948 1.167,9S3 299 934 41.462 3 111.334 306,723 60,000 1.422,S26 6.409,932 DEPRECIATION As at 1 Aprfl 2023 th'sp)sal Charge for the year As at 31 March 2024 836,574 299.134 33.221 1.277.083 282,056 118.024 2,846,092 32.391 317 2,060 99,681 868.965 299,451 35.281 1.376 764 8.096 290,152 29.651 147 675 172,196 3.016,288 NET BOOK VALUE As at 31 March 2024 298,988 483 6,181 1734,570 16.571 60,000 1,274,851 3.391,644 As al 31 March 2023 331.37 8,241 1,834,251 15,719 60,000 1,304.502 3,554,892
The Natlonal Councll of Young Men's Chrlstian Assoclatlons of Ireland Limited Note to the Financial Statements for the year ended 31 March 2024 5 DEBTORS: AMOUNTS DUE WITHIN ONE YEAR 2024 2023 Trade Debtors Prepayments and Accrue(I Incomè Other Debtors 19.242 84,866 152.207 15,644 124.934 156,275 256.315 296.853 6 CREDITORS: AMoUs FALLING DUE MTHIN ONE YEAR 2024 2123 Trada Cr8dltors Accruals and Deferred Income Other Creditors 33,868 276.155 29.610 193,612 17,784 327.481 241.006 Movem•nt on D•forrnd Incom• At start of the year Arlslng during the y8ar Applled durfng tha year Al end of the year 29.610 33.866 29,610 69,368 29.610 69.368 29,610 Y. STATEMENT OF MOVEMENTS ON RESTRICTED. UNRESTRICTED & DESIGNATED FUND8 Unregtrlctsd D••lgnat•d R•*trlcted Total Balance at 1 Aprll 2023 706,803 138,010 3,379.027 4,223,840 Net InccfflSng Re80urca5 for the year 1180,4901 113,782) 1168,388) 362,6601 Tran61er8 betsyeen funds 26,711 11.639 15,072 8alance at 31 March 2024 653,024 112.589 3,195.$87 3.861,180 7.1 D•slgn•t•d Fund•: Balan at 0110412023 Balance at 3110312024 In¢orno Exp•n8• Tran•f•r M&SS Volunlé8r Support M&SS Anlrim YMCA Groonhlll- mainlen8ncg Portadown Donation- London Trip Redundancy Provi$ion 29.047 (13.8451 15.202 2.668 19.920 63 74.736 112,589 19,920 1,981 11,918) 86.37S 138,010 111.639) 111,639} 1,981 {15.7631
The National Council of Young Men's Chrlstlan Assoclatlons of Ireland Limltad Note to the Flnanclal Statomonts for the year ended 31 March 2024 7. STATEMENT OF MOVEMENTS ON RESTRICTED, VNRESTRICTED & DESIGNATED FUNDS ctd... 7.2 Restrictèd Fundj: Balanc• at 0110412023 Balance at 3110312024 Income Exp•n8e Tran¥hr Greenhlll Capltal Grants {nel of deprecialonl 1,920.102 1142,5451 1,777,557 EA VOLT Programme Nallonal Lottery Prog Grant 8,691 7.750 114,4411 R8nk Foundation Grant R•G'd 10.101 44,138 154,2391 YMCA Oouglas Wood Foundation 27.554 17,7611 19,793 Youth Lod Solutions Cllmalg Actlon 5,921 5,921 DAEFiA 7.500 7,500 Dep8rtmenl for CommunllleB - Job8t8rt Downpatrick Sports Funds 2.334 {2,3341 CDRCN- Refugeo Programme FunLI8 5,584 18881 4,698 Manag•m•nt and Support S•rrflc•• EduCaan Authorlty- Core Fundlng 42.000 142,0001 CRED 10,152 10,152 Coll8boratlon 1,814 11881 EA Ulster Scots Ulster Brfllgh Dormant Funds 47,348 147.3481 Chaplalncy Grant 9,092 {4.0561 5.036 Bushc8ft Programm8 Fundlng 3.617 3.617 E2T- Poa¢•PIus SEUPB 59.323 {3S,5111 16,5001 17,312 Portadown Portadown carried lorward 13,274} 13,274) De rtment of EducoJon- ngw bulldln 1.384.502 29,651 1.334.851
The Nallonal Council of Young Men's Chrlsllan Associations of Ireland Llmfted Note to the Flnanclal Statamènts for th8 year ended 31 March 2024 7. STATEMENT OF MOVEMENTS ON RESTRICTED, UNRESTRICTED & DESIGNATED FUNDS ctd... Restricted FundB: Balance at 0110412023 Balance at Transfor 3110312024 Income Expon80 Portadown ¢td.. Educatlon Authorfty- Core fundlng 676 96,822 {95,918) (1,5801 Educatlon Authority- Summer Boost 3,185 {3,1851 Educatlon Aulhorfty- YMCA Adventure C8mp 152 (260) 108 Educallon Authorlty- ICT Grant 245 1245) Educatlon Authorfty- VolGe of Young People 1.200 {1.2001 EdLUtlon Authority- Spark Progamme 8,248 (6,248) Neightourhood Renewal 7,933 17,933) Planned Interventlon 5.325 {5,3251 Fundraising for Global S6rvlce Leamlng 4.415 {1821 4.253 ABC Council 185 10,000 {10,119) 088ls Youth Club Maths Tutor ABC coundl covld support grant CSHS 1221 CSHS Enable Prol•¢t 10,135 19,906) 229 Youth Justl¢e Agency 459 17,164 117,1641 459 TEOIGood r•latlons 148 (106) 42 Dapartmenl for Communities - Jobstart 7.682 {7,615) 87 YMCA Covld-19 470 (4701 Ukralne Fundralsin 89 89 25
The National Council of Young Men's Chrlstlan Assoclatlons of Ireland Limlted Nota to the Financlal Ststements for the y6ar ended 31 March 2024 7. STATEMENT OF MOVEPAENTS ON RESTRICTED, UNRESTRICTED & DESIGNATED FUNDS ctd... Restrlct8d Funds: Balance at 0111)412023 Balanc• at Transfer 3110312024 Incom• Expenso Newcastle EduGation Authorlly- Core Fundlng 211 96,823 {91,7741 (5.2601 Educallon Aulhorlty- ICT Grant CDRCN Rafugee Programme 5.000 13,9581 (1,042) CDRCN Holiday Hunger 100 (1001 CDRCN Kitchen Fundlng lo,0 {8,438) 1,582 Awards for All 1,096 11.0961 Awards for All - Our Space 4,379 (4041 3.975 Arbour House Don8tion-Chri8tmas 260 1280) Cl8nmlll Houslng Chrl8tmas & Hallowe'86n 701 {7011 Dundrum Vlllage Draft Raft 100 (1001 NMDDC 200 (200) PHA Take Art Programme 450 {4501 F8sllval of Ule (5) RCN Co Down 200 200 {4001 Peace Players 1,140 11,140) Impact Boxing Programme 1,600 (1,284) 1300) 16 Department for Communities- Jobstart 20.369 {20.3691 Total Reslricled Funds 3.379.027 508,612 677.000 15,072 3.195.567 26
Th• Natlonal Council of Y<wng Men's Christian Assoclatlons of Ireland Llmlt•d Note to the Financlal Statements for the year ended 31 March 2024 8. INCOME 2023 Total tTrlct•d Unr•strl¢t•d D•slgnat•d Total Inwn• Irorn Donatfjon5 and L•9OCt•o Donations EducalK)n Authority- Core Sclar Panel Income ROI Fair Share 6.786 1.981 8.767 42,000 1,187 7,800 59,754 13,331 36,000 1.SB3 11,310 61224 42,000 1,187 7,800 15,773 42.000 1.981 Income from Charltablo Actlvltl•• EA- Cor8 + Suppl&m8ntary New¢88118 EA- Core + Supplèmentary Portadown EA- Planned Int•N8n1ic Portadown EA- Ne5ghbQ0d Renowal EA. Spark Prograrnme Portadown EA. Druos & Alcohol Awareness Portadown EA- Volce of Young People EA- Global Leaming S8NSc• SEUP8- Poace Plu3 E2T A8C D[$tr Councll ABC olgtrict Councll- Jublloo CSH5 Enablo Project YCEP- Youth CuJlur81 Youth Ju5tSce Agency TEOIGoJd r8lHtlon8 CDRCN-Relug88 (Youth & Women) Nth¥ CORCN- Holld8y Hunger NewcasNe CORCN- Kllch8n Fundlng N8Ka8d8 PHA Take Art Programm6 Dundrum Comm Vlllag6- Daft Raft Arbour Hous8- Christmas Clanrnlll Hou&lng Fostlval ol L118 RCN Co. Down Peaco Players N$0 Impact 8oxing Prograrnme N¢wr8sUe NMDDC -P Grant N&weasU¢ N&lSonal Lottery Prog Gr8nt Gr¢enhlll Youth L•d Solutlons Cllm3t8 AOn Rank Foundation Grant Gr89nhlll DownpatrSck Sports Fund Greenhlll CDRCN Refugee Prog Fund GenhIl1 DOan1 Funds M&SS Chaplaincy Grant M&SS Jobs18rt Grant Greenhill Jobslart Grant NewcaBde Jobstart Gr4nl Port?down Afflllation Fe88 Greenhill Fees 96,823 .622 5.325 T,933 98.823 98,822 5,325 7,933 130,CI)O 110.222 39.041 12.984 10.435 30,000 59,323 10,000 59,323 10.000 10,012 10.135 17.164 10,135 17,164 26,098 5,C¥)O loo 10,OCKI 450 100 5.OCO 100 10,000 450 100 1,222 2C 2C 1,140 1,600 200 7,750 1,140 1,600 200 7750 5,921 40,653 44,138 2,334 44,138 2.334 5.584 47.348 9,092 47.348 9,092 39,381 19,206 20.369 7,682 431 2,0 8.289 1,056,739 20,800 9,682 8,289 1.056.739 9.380 959,785 Capltal Grants DAERA 7.500 486.612 1,067.459 1.534.071 1,461,526 Oth•r Incom• GreEnhlll Castle Park M&SS 3.305 43.338 29.042 7.998 29,746 3.30S 43,338 29.042 7,998 29.746 342 82.474 67.611 10,453 24.270 Newcasue Port8d¢)vm 113.429 113,429 185,150 Tolal In¢om• & Endowrnents 508.612 1,196,661 1,707,254 1,708,900 27
The Natlonal Councll of Young Men's Christian Associations of Ireland Llmttod Note to the Financial Statements for the year ended 31 March 2024 Costs of Charlt•ble Activity by Fund Type R•$trlcted Unr•8trlcted 2024 Total 2023 Total Designat•d Gr8enhill C8sllÈ Park Management &Support S8rvice8 N8wcasUe Youthba68 E2T Paace Plus Portadown Support Costs Governance Costs (not• 11) 222,206 1,129.997 30,067 71,447 8,176 1,352,203 3D,067 178,864 138.850 34,384 249,464 44.033 37,409 2,065,274 1,290.861 34.951 176.419 142.424 93,572 130,674 34,384 195,037 13,845 52.509 44,033 37,409 1.373.638 1,918 290.076 50.324 39,979 2,025.034 675.873 15,763 Tha 2024 expenditure lolal of £2,065,274 was 8pIIt beeen reslricled funds of £675,873, unreslrleled funds of £1.373.638 and deslgnated fund8 of £15,763. 10 Costs of Charltable Actlvlty by Actlvlty Type Dlr•ct Support Co8t• Cost# Governanc• Co•ts 2024 Total 2023 Total Charltabl• Actlvltl GenhIl1 Caslla Park Management & Support S8Nlce8 Nowcaslle Youlhbase E2T Peace Plu8 Portodown 1,352,203 30,067 178,864 138,850 34,384 249,464 1,983,832 21,744 6,400 1,380,347 30.067 223.767 140,026 34,384 256,683 2,065 274 1,323,692 34,951 221,740 148,878 17,505 1.176 27,398 3,608 44,0 3,611 295,773 2 025,034 11 Governanco Co•t* 2024 Total 2023 Total Re•trlcted Unrnstrlctsd Da8lgnat Affillallon Fee$ Audit and A¢¢ounts Insurances Legal and Professional Fees Personnel Costs 19,078 7,200 3.079 S.852 2,200 37.409 19,078 7,200 3.079 5.852 2.200 12,279 6,600 3,135 15,965 2,000
The National Council of Young Men's Christian Associations of Ireland Limited Note to the Flnanclal Statements for the year ended 31 March 2024 11 CONTINGENCIES Greenhill- There exists a contlngenl liability lo repay in whole or part capital grants ceiVed from tha Department of Education, ranging from 22 10 50 years from the recelpt of the grant money. There also exlsls a eontlngent liability lo repay in whole or part capital grants roc&ived from th8 Minlslry of Flnanc8 & Personnel and th8 International Fund for Ireland. The lille deeds of the Gre8nhlll property Bre held by the Department of Education as security In relatlon lo grants paid for financi81 assistance belng used for proper purposes according to the Deed of Covenant and Charge. Portadown: There exis15 a contlngent liability lo repay in whol8 or part ¢apltal grants receivgd fram the Department of Educatlon, for 22 years from racelpt of tho grant money. Thg Iltle deeds of the Portadown prop8rty are held by the Department of Educatlon 8B $eGuty In relallon to grants paid for ffnancl81 assistance being used for proper purposes accordlng lo the Deed of Covenant and Charge. 13. MEMBERS. LIABILiff The company is limited by Euaranlee and does not have a share Gapltal. The liability of members is limrted to one pound each. At 31 March 2024 Ihere were 18 members. 14. RELATED PARTY TRANSACTIONS During the year tho National Council of Young M?n's Chrlstian Associ8tion8 of Ireland Ltd 8nter8d Into transactlons with the National Councll of Iralond YMCA Trust, a Relat8d Party. At th& Balanc8 Sheet data the amount due from the Nallonal Council of Ireland YMCA Twst was £33.17712023 £22,264). 15. R•concllllatlon of n•t m0M•nI In funds to nat cash flow from opèratlng cllvltlo•: 2024 2023 Not movement In funds Add back depreci8tlon eh8rge Loss on disposal of fixed ass815 Decrease lincr&as61 In debtors Increase {de¢reasel In creditors 1362,6601 172,196 (319,734) 169,895 40,538 86,475 63,041 50,462 Net Ca•h u8od In operatlng a¢tlvitl•8 63,451 36.336 29
Thé National Councll of Young Men's Chrl8tlan Assoclations of Ireland Limitèd Note to the Flnancial Statements for the year ended 31 March 2024 16. N•t A88ets Spllt by Fund Dèslgnated Unra8trlct•d R•strlGted Funds FundA Funds Tot•l* Funds Tangible Flxed Assots Net Currènt A88818 282,510 270,514 553,024 3,109,134 86,433 3,195.567 3,391,644 469,538 3,861 180 112.589 112,589 30
The followlng pages do not fomi part of the statutory flnanclal statemonts whlch aro th• subject of the independent audltor's rnport on pages 11 to 14. 31
The National Council of Young Men's Chrfstlan Assoclatlons of Iréland Llmitéd Detailed Statament of Flnanclal Activltles for th8 year end8d 31 March 2024 Greenhill 2024 2023 Incomo Capltal Grants Grants Insurance Clalm Tol41 Income 1,062,249 967,378 7.500 85,955 59.806 1,122,055 1.060,833 Cost of genornllng funds Cost of 9gner8llng voluntary income 3.324 3,500 DIrn Charftable AcUvltlo9 Programme Costs Programme Equipment Salary Costs Telephone & Admin Heat & Llght Cleanlng & Laundry Insurance Travel Motor Costs Volunlaèr Costs Volunteer AIIow8nces Food I C8tering Cos Depreclallon Watèr Roles IT costs Malntenance Health and Safety 143,391 10.388 655,386 13.385 80,gJ6 15,502 47,729 1,493 7,523 8.796 100,023 79.674 142,545 9,693 1.401 33,144 750 1351,729 21,107 1,372,836 143,537 13,809 614.513 8.853 100.273 12,664 33,017 1,016 3,937 10,329 82,006 71,641 140,244 8.423 1,711 43,652 1.236 1290 861 SupFort Costs195%} 1.312,732 Governanc• Audit and Accounts Logal and Professlon81 fees Personnol Costs 4,200 4.300 3,509 2,000 9,809 1,151 10,960 2,200 6.400 Suppt)rt Costs15%1 7,511 Other Expendlture L08s on Disposal Total Groonhlll Re8ourGos Expended 1,383,671 1,327,192 Gre8nhill Support Costs Bank Charge Compllancg Ground Rent Photocopier and Postage General Supp)rt Training Travel 1,828 2.751 3.940 1,767 60 1,857 2,777 13,404 1,458 22,218 13,761 1,637 23,022
The Natlonal Council of Young Men's Christian Assoclatlons of Ireland Llmlted Detailed Statemenl of Financlal Actlvltles for the year ended 31 March 2024 Management & Support Servlces 2024 2023 Incom• 147,136 124,661 Cost of genoratlng funds Cost of generallng voluntary Income DIr0 Charltabl• Actlvlt188 Programme Costs Salary Costs Travel Volunteer Support 7,559 152,428 5,032 13.845 178,864 15,412 133,660 5,777 21,570 176,419 Support Costs195%) 16,630 195.494 18,786 195,205 Govomanc• Afflliation Fees Audil and Accounts Insurances Legal & Professional Fees 19,078 3,000 3,079 2,241 27.398 12,279 700 3,135 9,432 25,546 Support Costs15%1 875 28,273 26,535 Othor R•sources Expendod Total Résourcas Exp•nd•d 223,767 221,740 Support Costs Advertising 8ank Charge Communication8 Conference and Maeling Equipment General Postage OCN Charges and training expens85 Pension Scheme Charges Payroll Proc8ssing Charges staff Training 850 553 1,795 2,852 217 1.848 50 574 5,677 1.001 492 1,052 44 5,791 2,398 1,861 835 19,775 6,014 2,462 615 299 17,505 33
The Natlonal Council of Young Men's Christlan Assoclatlons of Iroland Limited Detailed Statement of Financial Activitiès for the year ended 31 March 2024 Newcastl• Youthbasa 2024 2023 Incomo 144,411 165,341 Cost of gèneratlng funds Cost of generating voluntary Income Dlroct Charltable Actlvltl•8 Sal8ryCosts ProJramme costs Rent Telephone & Internet Heal & Llght Cleanlng Insurance Repairs & Malnt8nanc8 Equlpment costs Tuck Shop expenses 102,953 20.208 8,004 868 2,625 254 1,454 921 125.671 10.922 651 1.186- 740 1,225 724 774 531 142,424 895 138.180 Support Costs195%) 1.326 139,506 4,896 147,320 Governanc• Audit and Accounts Legal & Prof85sional Fees 400 1,300 Support Costs150fi1 70 70 258 1,558 Total Resourcgs Exponded 139,576 148,878 Support Costs staff Trainlng Staff Travel & Expenses Credit Card Charg8S Stationary & Postage 75 1,070 29 222 1,396 4,528 626 5,154
The Natlonal Councll of Young Man'8 Christian Associations of Iraland Limlted Detailed Statement of Financial Activities for the year ended 31 March 2024 Portadown 2024 2023 Income 190,991 275,591 Cost of g•neratlng funds Cost of generating voluntary Income 189 189 100 100 Dlr•el Charltable Actlvltle8 Programm8 Costs Programme Equipment Salary costs Trainee Allowances Telephone & Internat Rent Heal & Light Cleaning & Maint8nancg Insurance Transport Travel Water Rates Maintenance Tuck Shop Expen80s Statlonery Admininstration charges New Bulld non capltal Fees Depreclatlon 48,055 1,376 133,535 86,358 720 124.565 22.033 1.244 1,795 10,230 7,981 9,077 2,314 8,110 4,416 6,599 2,010 860 467 3,759 898 2,549 1,354 29,651 29.651 249,531 290,076 Support Costs (95%) 3,364 252,895 2,254 292,330 Govornanco Audit and Accounts Legal & Professlonal Fees 1.200 2,124 3,324 3,811 3,611 Support Costs15%1 177 3.788 119 3,443 Total Resources Expgnded 256,872 295,873 Support Costs Credit Card Charges Sundry Training Staff Travel and Expenses 124 1,745 357 1,315 3,541 1.380 350 643 2,373 35
The National Council of Young Men's Chrlstian Associations of Iroland Llmlted Detalled Statement of Financlal Actlvities for the year ended 31 March 2024 E2T Peace Plus 2024 2023 Income 59,323 Cost of gonèratlng fund$ Cost of generating voluntary Income 1.127 1,127 Dlrncl Charltabl• Actlvltl•8 Programme costs Salary c05ts Bank Charg85 Office Rent Staff Oevelopment Telephone Insurance staff Travel expens8 346 32,957 21 1,060 34,384- Support Costs {95%) 34.384 Governance Audit and Account8 Legal & Professlonal F&8s Support Costs15Yol Total Ro8ourc08 Expendèd 35,511 Support Costs 36
Th8 Natlonal Councll of Young Men's Christian Associations of Ireland Limitod Detail•d Stat•ment of Financial Activltias for the year ended 31 March 2024 Castle Park 2024 2023 Income 43,338 82,474 Cost of gonoratlng funds Cost of generatlng voluntary Income Dlr•ct Charltablo Actlvltle8 Programme c08ts 30,067 34,951 30,067 34,951 Support Costs195%1 30,067 34,951 Governance Support Costs15%) Totsl Resources Expendod 30,067 34,951 Support Costs 37
The Natlonal Council of Young Men's Chrlstian A860clations of Ireland Limited Dgtailed Statgrnenl of Financial Activitl•s for the year ended 31 March 2024 EA Fundlng Incom• & Exp•ndliur•- Natlonal and Gr••nhlll Newcom•r8 - FUSE NOTE Cor• VOLT USUB CREO Collaboratlon TOTAL OPENING BALANCE 1 APRIL 2023 10.152 1.814 11.966 INCOME 42.000 42,000 EXPENDITURE Salary costs Rèlumed unspent fundlng 42,fJJO 42.000 TOTAL &XPENOITURE 42,000 42,000 Tran$f8r be¥0¢n raslrlctsdlunreslrfcted fur BALANCE AT 31 MARCH 2024 10,152 1.814 11,966 38
Th• Natlonal Coun¢ll of Young Men'8 Chrfstlan A••ociatloni of Ir•land Limited D•tailed Statement of Flnanclal Actfvitie• for the year ended 31 March 2024 EA Fundlng Inctyn• a exp•ndltur•. N•wcm•llo P•rfod NOTE Cor• R•••tGMnt Pov•rty TBUC PPEFund ICTOrnnt TOTAL OPENING BALANCE 1 APRIL 2023 211 211 INCOME 96.823 96.823 expENDITURE Cleanlng mateoals Heat and Llght Insufance Renl Sal8rle5 Telephone Slalionary Progrdmme costs R•iumesS unspeni 2022-23 112 2.826 112 B,004 83.409 139 110 2,357 278 8,CQ4 139 110 2,3S7 278 TOTAL ExpeNDITVRE 97,034 Trnn8f•f bott r•itrfctodlunr•Btrfctsd fuThd• BALIce AT 31 IAARCH 2024
Th• Nqtlonql ofYn9 M•n'• Chrflthn AlOG•S of Irql•nd Um#•d Dots1¢d 8t•tom•)t of Financial IhE reDthd 31 Marth 2Q24 EA FuThdlng knc¢Mn• &Exp•ndlthr•. pOrt•d PlaM• Volc• of Dn•lqhbou ¢oTrl 8ymM•r Youth Y•unq rhoo Int•N• ICT NOTE 8upphrn Aoty•t C•ry Fr•qrnmm• P•opl• Il•nwl nlknb Owt TOTAL OPEtr114G 1 APFIJL 2023 3,18 102 1,XO 11,708 INCOME ENfATURE 320 3,547 3,750 Hosl & Uyhl 3,547 Othwco 131- 1,831 S8 r¥J•t Slauo Tdeph TrnropNt W•tw rnt 79.753 11B& 1,82 2.314 2,314 430 11120 4.110 1.200 4,114 1702 unw•nl kndlng 3,1as 9.110 TOTAL EXPENDITUAE .418 TrnrMhrtthqn AauntI AT 31 MARCH 2024 40