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 CoMpan￿S 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 UMb￿lIa 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 I￿land 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 ar￿0MModated 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 COmTh￿ssK)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 InC￿asing diverslty in funding streams including alterna￿ve 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 Cu￿1cUlUrn 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 AS￿￿M 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 be￿en 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 V￿uld 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 D￿Iqnat•d 2023 Funds Fund• Funds Total Not•• Incfffii*d•Trdowffl•n*from: 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 F￿￿1￿rrIa￿ 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 act1￿1191. 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