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2024-03-31-annual-report

The National Council of Young Men's Christian Associations of Ireland Limited

Financial Statements

for the year ended 31 March 2024

Company Number: NI015660 Charity Number: XN 45820

CCNI: 105739

The National Council of Young Men's Christian Associations of Ireland Limited

Table of Contents

Company Information 1
Report of the Executive Committee 2 - 11
Report of the Independent Auditors 12 - 15
Statement of Financial Activities 16
Balance Sheet 17
Cashflow Statement 18
Notes to the Financial Statements 19 - 30

The National Council of Young Men's Christian Associations of Ireland Limited

Company Information for the year ended 31 March 2024

CHAIRPERSON Mr Jonny Currie
SECRETARY Ms Jade Irwin
TREASURER Mr Gareth Kirk
TRUSTEES See Report of the Executive Committee
BANK Ulster Bank Limited
11 - 16 Donegal Square East
Belfast
BT1 5UB
AUDITOR AAB Group Accountants Limited
1-3 Arthur Street
Belfast
BT1 4GA
REGISTERED OFFICE National Centre
Greenhill YMCA
Donard Park
King Street
Newcastle
BT33 0GR
Co. Down
REGISTERED COMPANY NO. NI015660
REGISTERED CHARITY NO. XN 45820
CCNI REGSTERED NO. NIC105739
KEY MANAGEMENT PERSONNEL John Peacock - National Secretary
David Backhouse - Deputy National Secretary

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The National Council of Young Men's Christian Associations of Ireland Limited

Report of the Executive Committee for the year ended 31 March 2024

INTRODUCTION

The Trustees present their annual report together with the audited financial statements of The National Council of Young Men's 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 Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

This report provides information on National Council of YMCA’s activities and financial performance. It forms part of a range of public information designed to give an open account of our work.

STATEMENT OF TRUSTEE'S RESPONSIBILITIES

The Trustees (who are also Directors of The National Council of Young Men's Christian Associations of Ireland Limited for the purposes of company law) are responsible for preparing the Annual report and the financial statements in accordance with applicable law and regulation.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have prepared the financial statements in accordance with United Kingdom Accounting Standards, comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", and applicable law (United Kingdom Generally Accepted Accounting Practice). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STRUCTURE GOVERNANCE AND MANAGEMENT

a. STRUCTURE

The National Council of YMCAs of Ireland is a UK/NI incorporated charitable company limited by guarantee. It also acts as the umbrella organisation for the National Council of YMCAs of Ireland (RoI),

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The National Council of Young Men's Christian Associations of Ireland Limited

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 Articles of Association. The company has been granted charitable status by the Inland Revenue and accordingly is exempt from income tax, corporation tax and capital gains tax. It is also registered with the Charity Commission for Northern Ireland. Registration number: NIC105739. It’s charity reference number is XN45820.

b. METHOD OF ELECTION

National Council is an umbrella body for local YMCA associations in the island of Ireland. It is managed by an Executive Committee, whose members are elected at the Annual General Meeting. In addition Honorary Officer Bearers are elected to serve on the Executive Committee, these being a Chairperson, Honorary Treasurer and 2 Vice Chairpersons/Presidents.

Currently the members of the National Executive are registered as Company Directors. The AGM elects trustees to the National Council of YMCAs of Ireland (RoI) CLG each year as its registered charity entity in the Republic of Ireland. The Accounts for this company are published 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 (Chairperson) Mair Kelly (Vice Chair) Ms Jade Irwin (Company Secretary) Mr Gareth Kirk (Treasurer) Mr Chris Cupples Ms Karen Graham Ms Lisa Dunn Mr Gordon Lightbody Mr John McNicholls Mr Dave Wiggins Ms Andrea Spence (appointed 25th November, 2023) Ms Lorraine Boyd (appointed 25th Novemeber, 2023) Mr Alejandro Lasso (appointed 25th Novemeber, 2023) Mr Dean Nutt Kathryn O’Mahony Ms Michele Taylor Lorna Somers Colin Meikle Ms Leanne Young (resigned 20th September, 2023) Mrs Helen Dunn (resigned 25th November, 2023) Mr Blair Austin (resigned 25th November, 2023)

Bank:

Ulster Bank Belfast City Branch

Solicitors:

Hewitt and Gilpin Belfast

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

YMCA Ireland has developed and adopted a Trustee Handbook which sets out the necessary information for Trustees required to execute their role. This has been prepared in line with the Governance Code which informs best practice in this area.

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The National Council of Young Men's Christian Associations of Ireland Limited

Report of the Executive Committee for the year ended 31 March 2024

YMCA Ireland has formally signed up to The Governance Code for the Community, Voluntary and Charitable Sector in Ireland.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The Trustees meet as part of the National Executive of the National Council of YMCAs of Ireland Ltd. During 2023/24 the National Executive met on 7 occasions. There is a Personnel & Training Standing Committee which is responsible for advising the National Executive on personnel issues, a Finance and Audit committee which meets to prepare and monitorthe audit process and a Global Justice & International Development Standing Committee. In addition the AGM have appointed Standing Committees for Portadown YMCA and a Newcastle Regional Standing Committee YMCA to support Greenhill YMCA & Newcastle YMCA. They meet to assess local needs, develop strategy and scrutinise the local budget. All committees have terms of reference and are accountable to the Executive at each meeting. None of the YMCA Trustees received remuneration for their services. Dat to day operational and programme delivery is the responsibility of the Senior management and operational staff team.

e. RELATED PARTY RELATIONSHIPS

The AGM appoints Trustees to the National Council of Ireland YMCA (ROI) CLG which is registered with the Charity Regulatory Authority. These trustees are all members of the National Executive Committee.

f. RISK MANAGEMENT

The National Executive has assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Charity, and is satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

The organisation has a Risk Register which is prepared by the senior management team and reviewed annually by the National Executive. The risk register seeks to summarise the threats or possibility that an action or event (or sometimes inaction) will adversely affect our organisation's ability to achieve its objectives.

We strive to:

A key risk at this time is the increase in the cost of living costs and this has had a particular impact on our outdoor centre, Greenhill YMCA over the past 2 years. This came on the back of the lockdown due to the Covid-19 virus and produced ‘ a perfect storm’ for residential centres trying to bounce back from an enforced closure of 18 months.

Mitigations which are being put in place to manage this risk include:

Greenhill YMCA also manages Glenada YMCA/YWCA in Newcastle where over 20 international volunteers are accommodated who carry 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 the income generated to form the basis of building a new volunteer house on Greenhill’s Donard Park site.

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The National Council of Young Men's Christian Associations of Ireland Limited

Report of the Executive Committee for the year ended 31 March 2024

Pay Policy for Staff

The National Council at its Annual General Meeting appoint a Standing Committee to oversee all Personnel matters. All staff remuneration is based on a job evaluation system based on job function and responsibility and salaries are set against a YMCA Pay Scale. The Committee examined salaries against the NJC scales, which indicated that the remuneration levels for staff were appropriately aligned with sector averages.

Pension Scheme

The Council operates a Workplace Pension Scheme with Royal London, which is administered on behalf of the Trust by a professional advisor. Staff are enrolled in the scheme on appointment with a postponement period of three months.

Volunteers

The YMCA is dependent on the contribution of volunteers for both the delivery of programmes and services and also for providing strategic and operational oversight of its activities at both a local and national level. In addition to local programme and management volunteers, the YMCA also hosts a number of international volunteers.

In 2023/24, approximately 50 volunteers were engaged with the National Council in Northern Ireland. We estimate a total of 50,000 hours of voluntary work were contributed at £11.44 per hour ( national Living Wage with effect from 1 April 2024), this equates to a contribution (in terms of social capital) of over £570,000 in 2023/24.

The YMCA operates a policy where travel and out of pocket expenses can be reimbursed to volunteers.

Objectives and Activities

In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities have helped to achieve the YMCA’s purposes and provide a benefit to the beneficiaries.

a. VISION AND OBJECTIVES

YMCA Ireland’s vision is for:

A world where young people, their families and communities flourish in body, mind and spirit.

Our mission is twofold:

  1. to create inclusive communities where everyone feels welcomed, accepted and inspired by social justice and peace for all, and

  2. to provide life enriching opportunities for young people, their families and communities.

YMCA Ireland's principal objectives as laid out in its Memorandum and Articles of Association are: 1. To provide or assist in the provision of education, for people of all ages and in particular young people, with the object of developing their physical, mental or spiritual capacities.

  1. To promote healthy living including emotional and mental wellbeing through the provision of information, education and activities.

  2. To promote community engagement and citizenship, for young people, their families and other adults for the purpose of family support, community relations and active citizenship.

  3. To relieve or assist in the relief of need experienced by people of all ages and in particular young people, who are in conditions of hardship or distress by reason of their social, physical, emotional, spiritual or economic circumstances.

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The National Council of Young Men's Christian Associations of Ireland Limited

Report of the Executive Committee for the year ended 31 March 2024

Our value base is that every YMCA will be a place of:

Guiding Principles

We are committed to:

b. STRATEGIES FOR ACHIEVING OBJECTIVES

1. Strengthening our Organisation to ensure we remain Sustainable and Relevant. Why?

In order to fulfil our Vision and Mission, and to sustain our ethos as a Faith Based organisation, we recognise the need to strengthen our organisation to be more sustainable in terms of finance, people and ethos, becoming more resilient and adaptive to our changing environment.

This will enable us to adhere to our Guiding Principles, specifically:

An all-Island approach;

Collaborative & partnership working;

Being progressive & responsive; Listening & Learning.

How?

● By exploring options for increasing diversity in funding streams including alternative statutory/grant funding, development of social enterprises, fundraising opportunities.

Progress

We have appointed a Business Development Officer to support the YMCA, locally and nationally, to become more effective and sustainable.

We have appointed a Chaplaincy Coordinator to help us stay true to our ethos while supporting the emotional, spiritual & mental health of our staff & volunteers.

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The National Council of Young Men's Christian Associations of Ireland Limited

Report of the Executive Committee for the year ended 31 March 2024

2. Taking Steps towards Sustaining the Planet and Global Justice

Why?

Our Mission and Vision commits us to take action for the protection and 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 Justice and will adhere to our Guiding Principles, specifically:

How?

● We will take steps 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 Charter.

● We will inspire our members, staff, volunteers and community stakeholders to practice social justice and champion environmental responsibility while also integrating climate education components for young people and communities in our programmes.

● We will provide Global Citizenship training to ensure young people, staff and volunteers become active global citizens committed to a fairer and more sustainable future for all.

Progress

Irish Aid funding has been secured enabling us to appoint an All-Island team to help the YMCA movement to be more effective in advocating for climate action and be more progressive in terms of global justice and international development. The Global Justice & International Development Committee has produced a Global Justice and International Development policy for ratification by the National Executive. A youth-led conference has been held, surrounding the AGM, to ensure this issue is at the forefront of YMCA activities going forward.

3. Ensuring Effective and Relevant Movement Support Why?

Our Vision and Mission commits us to supporting the development and capacity of our local associations, recognising our role as a National organisation to build a strong network of YMCA’s across Ireland who deliver excellent local and regional services.

This will enable us to adhere to our Guiding Principles, specifically:

How?

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The National Council of Young Men's Christian Associations of Ireland Limited

Report of the Executive Committee for the year ended 31 March 2024

Progress

National Secretary, Deputy Nathional Secretary, Training Officer, Personnel Officer & Finance Officer continue to provide a range of services to local associations and the wider movement. The appointment of a BDO & a Communications Officer is also contributing to this objective. National YMCA have been successful as the lead partner in a 7.78m euro bid over 4 years. The Epower 2 Transform programme will provide 2 youth workers in each local association to work with 77 young people over the course of the programme.We have partnered with Youth Link, Youth Initiatives & Mencap to ensure we will build community relationswith over 1300 young people, each for a 6-9 month period. This will also add stability and help to cover core administration & management costs over the next 4 years.

4. Deliver Effective Youth, Family & Community Services and Programmes Why?

In order to achieve our Vision and Mission, we will continue to deliver effective services and programmes that ensure better outcomes for the young people, families and communities with whom we work.

This delivery will be an expression of our Values of Welcome, Opportunity, Wellbeing Peace and Justice, and will adhere to our Guiding Principles, specifically:

How?

Progress

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The National Council of Young Men's Christian Associations of Ireland Limited

Report of the Executive Committee for the year ended 31 March 2024

5. Develop Effective Communication: Why?

In order to achieve our Vision and Mission, we will promote the image and values of the YMCA in Ireland by ensuring that relevant information is communicated to both our internal and external stakeholders.

This will enable us to adhere to our Guiding Principles, specifically:

How?

Progress

● We have appointed a Communications Officer to fulfil a renewed communications strategy and plan and to promote the work of the YMCA in Ireland.

Plans for future periods

FUTURE DEVELOPMENTS

A £1m centre for Greenhill YMCA has been completed and provides space for 160 people to gather at Greenhill for activities and programmes. In addition, this facility incorporates a hydrotherapy pool for the use of young people with additional needs, thanks to funding from the National Lottery.

This facility has also enabled the development of swimming lessons which has generated some much needed income in conjunction with ‘the Leisure Experts’. Other social enterprises, such as an ice cream parlour, further use of the hub as a corporate meeting space and wider usage of the Castle Park facilities for income generation are under various stages of development.

The strategic plan was approved at the AGM in November, 2022. Work based on the strategic plan is highlighted above and will continue to guide annual work plans for all departments over the coming year.

Additional applications have been submitted for Peace Plus funding for work with Asylum seekers & refugees in addition 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.

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The National Council of Young Men's Christian Associations of Ireland Limited

Report of the Executive Committee for the year ended 31 March 2024

Financial review

GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the Council has adequate resources to continue in operational existence for the foreseeable future.

The overall financial performance for the year was satisfactory due to the financial climate. The charity's total reserves decreased by £362,660 to a still very healthy £3,861,180.

Unrestricted funds at £553,024 decreased by £153,779 whilst funds set aside for specific purposes “designated funds” at £112,589 decreased by £25,421, a total decrease of £179,200.

The balance sheet of the charity remains strong. The cash position at the year end was at £540,702 a decrease of £72,399 compared to the start of the year. Debtors owed £256,315 at the year end, a decrease of £40,538. Creditors payable at the year end were £327,481 an increase of £86,475. There were no cash flow issues encountered during the year.

a. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The National Council seeks to balance its income between self generated funding and fundraising including institutional 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 Executive receives quarterly financial reports outlining income and expenditure against budgets. This can enable management to identify any issues as they arise and take corrective action.

b. PRINCIPAL RISKS AND UNCERTAINTIES

YMCA is working towards being more self-sustaining and resilient through spreading the funding base and taking a more intentional social enterprise approach as we can no longer afford to depend on the Education Authority as a primary source of funding.

c. RESERVES POLICY

National Executive committee have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be three months to six months of the unrestricted resources expended. These have been placed in a high interest savings account to maximise interest returns.

At this level the Executive feels that National Council would be able to continue the current activities of the charity, in the event of a significant drop in funding. It would be necessary to consider how the funding would be replaced or the activities changed.

At present free reserves, excluding designated funds, amount to £553,024. Provision has also been made for potential redundancy costs should government funding be withdrawn or significantly reduced. These funds are held to offset any sudden changes in grant aid to the organisation.

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The National Council of Young Men's Christian Associations of Ireland Limited

Report of the Executive Committee for the year ended 31 March 2024

DISCLOSURE OF INFORMATION TO AUDITORS

The Trustee at the time when this Trustees report is approved has confirmed that:

This report was approved by the Trustees on Wednesday 4th September 2024 and signed on their behalf by:

Mr Jonny Currie (Co-Chairperson) for and on behalf of National Council of YMCAs of Ireland Limited

11

Report of the Independent Auditors

to the members of The National Council of Young Men's Christian Associations of Ireland Limited

(a company limited by guarantee)

Opinion

We have audited the financial statements of The National Council of Young Men's Christian Associations of Ireland Limited, for the year ended 31 March 2024 which comprises the Statement of Financial Activities, the Balance Sheet, the Cash flow statement and the notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

12

Report of the Independent Auditors (continued)

to the members of The National Council of Young Men's Christian Associations of Ireland Limited

(a company limited by guarantee)

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

13

Report of the Independent Auditors (continued)

to the members of The National Council of Young Men's Christian Associations of Ireland Limited

(a company limited by guarantee)

Responsibilities of Trustees

As explained more fully in the Statement of Trustees Responsibilities, the Trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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

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

We obtained an understanding of the legal and regulatory framework applicable to the company through enquiry of management, industry research and the application of cumulative audit knowledge. We identified the following principal laws and regulations relevant to the company – Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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

Our procedures to respond to those risks identified included, but were not limited to:

•Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

14

Report of the Independent Auditors (continued)

to the members of The National Council of Young Men's Christian Associations of Ireland Limited

(a company limited by guarantee)

adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

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

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed.

Teresa Campbell (Senior Statutory Auditor) Date for and on behalf of AAB Group Accountants Limited Chartered Accountants & Statutory Auditors

1-3 Arthur Street Belfast Co Antrim BT1 4GA

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The National Council of Young Men's Christian Associations of Ireland Limited

Statement of Financial Activities

(incorporating the Income and Expenditure Account) for the year ended 31 March 2024

----- Start of picture text -----
Restricted Unrestricted Designated 2024 Restricted Unrestricted Designated 2023
Funds Funds Funds Total Funds Funds Funds Total
£ £ £ £ £ £ £ £
Notes
Income and endowments from:
Donations and legacies 8 42,000 15,773 1,981 59,754 39,903 21,821 500 62,224
Charitable Activities:
Non-Capital 8 466,612 1,067,459 - 1,534,071 484,881 969,145 - 1,454,026
Capital Grants 8 - - - - 7,500 - - 7,500
Other Income 8 - 113,429 - 113,429 - 185,150 - 185,150
Total Income and endowments 508,612 1,196,661 1,981 1,707,254 532,284 1,176,116 500 1,708,900
Expenditure on:
Raising funds 1,127 3,513 - 4,640 - 3,600 - 3,600
Charitable Activities 9,10,11 675,873 1,373,638 15,763 2,065,274 750,541 1,230,338 44,155 2,025,034
Other Expenditure - - - - - - - -
Total Expenditure 677,000 1,377,151 15,763 2,069,914 750,541 1,233,938 44,155 2,028,634
Net Expenditure
for the year (168,388) (180,490) (13,782) (362,660) (218,257) (57,822) (43,655) (319,734)
Transfers between funds (15,072) 26,711 (11,639) - (22,197) 32,290 (10,093) -
Net movement in funds (183,460) (153,779) (25,421) (362,660) (240,454) (25,532) (53,748) (319,734)
Reconciliation of funds:
Fund balances brought forward 7 3,379,027 706,803 138,010 4,223,840 3,619,481 732,335 191,758 4,543,574
Total Funds Carried Forward 7 3,195,567 553,024 112,589 3,861,180 3,379,027 706,803 138,010 4,223,840
----- End of picture text -----

The results relates to continuing activities.

The company has no recognised gains and losses other than those included above and therefore no separate statement of total recognised gains and losses has been presented.

Designated funds are unrestricted funds.

The notes on pages 19 to 30 form an integral part of these financial statements.

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The National Council of Young Men's Christian Associations of Ireland Limited

Balance Sheet

As at 31 March 2024

Note
FIXED ASSETS
Tangible Fixed Assets
4
CURRENT ASSETS
Cash at bank and in hand
Debtors
5
CREDITORS:Amounts falling
due within one year
6
NET CURRENT ASSETS
NET ASSETS
REPRESENTED BY:
FUNDING
Unrestricted Income Funds
7
Designated Funds
7
Restricted Income Funds
7		 2024
£
3,391,644
540,702
256,315
797,017
327,481
469,536
3,861,180
553,024
112,589
3,195,567
3,861,180		 2023
£
3,554,892
613,101
296,853
909,954
241,006
668,948
4,223,840
706,803
138,010
3,379,027
4,223,840

The financial statements were approved and authorised for issue by the Board and were signed on its behalf by:

Jonny Currie 9 October 2024

Mr Jonny Currie (Co-Chairperson) Chairperson Date Company Number: NI015660

The notes on pages 19 to 30 form an integral part of these financial statements.

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The National Council of Young Men's Christian Associations of Ireland Limited

Cash Flow Statement

As at 31 March 2024

----- Start of picture text -----
2024 2023
Note £ £
Cash provided by Operating Activities 15 (63,451) (36,336)
Interest Income - -
Purchase of Tangible Fixed Assets (8,948) (26,273)
Cash provided by (used in) investing activities (8,948) (26,273)
Cash Flow from financing activities
- -
Repayment of Borrowing
- -
Cash used in financing activities
Movement in cash and cash equivalents in the year (72,399) (62,609)
Cash and cash equivalents at the beginning of the year 613,101 675,710
Total Cash and Cash Equivalents at the end of the year 540,702 613,101
----- End of picture text -----

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The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

1 ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and UK and Republic of Ireland (FRS 102, Section 1A), and the Companies Act 2006.

The National Council of Young Men's Christian Associations of Ireland Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

(b) Preparation of the accounts on a going concern basis

After making appropriate enquiries, the Trustees have a reasonable expectation that the Council has adequate resources to continue in operational existence for the foreseeable future and assuming that government funding is renewed. For this reason they continue to adopt the going concern basis in preparing the financial statements. This is also based on the organisation’s ability to operate with an effective business plan including the ability of our residential centre to cover its costs and build reserves for future development.

(c) Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

General funds may be transferred to designated funds where Trustees wish to use these funds for a specific purpose. Such funds may be transferred back to general funds once the criteria for the designation have been met or are no longer applicable.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of restricted funds is set out in the notes to the financial statements. Restricted funds may only be transferred to general or designated funds once the criteria for restriction have been discharged or no longer apply.

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income is deferred only when the charity has to fulfill conditions before becoming entitled to it or where the donor/funder has specified that the income is to be expended in a future period.

19

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

1 ACCOUNTING POLICIES ctd…

e) Donated services and facilities

In accordance with the Charities SORP (FRS 102), the general volunteer time of supporters is not recognised and refer to the trustees’ annual report for more information about their contribution.

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Equipment used in projects

The cost of equipment purchased for use in projects is included in the project budget 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 leases

Rental charges are charged on a straight line basis over the term of the lease.

i) Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Leasehold Property 4% Straight Line Freehold Property 2% Straight Line Cabins and chalets 4% Straight Line Fixtures and fittings - Fittings 25% Straight Line - Computer equipment 25% Straight Line Motor vehicles 20% straight Line

The carrying values of tangiable fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable

20

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

1. ACCOUNTING POLICIES ctd

j) Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term current accounts.

l) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

m) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

n) Taxation

The company is a registered charity and the charitable tax exemptions are therefore being claimed to the extent that income and/or gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charitable purposes only.

o) Reserves Policy

In the interest of prudence and to provide for future stability, The National Council of Young Men's Christian Associations of Ireland Limited has introduced a reserves policy which aims to maintain unrestricted reserves equivalent to between three and six months of its ongoing charitable expenditure.

p) Pensions

The Council operates a Workplace Pension Scheme with Royal London, which is administered on behalf of the Trust by a professional advisor. Staff are enrolled in the Scheme on appointment with a postponement period of three months

Critical accounting estimates and judgements

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

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

21

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

2. RESULTS FOR THE YEAR

The result for the year has been arrived at after charging the following:-

2024
£
Auditor Remuneration
7,200
Depreciation
172,196
3. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE
COST OF KEY MANAGEMENT PERSONNEL
2024
£
Staff Costs
Wages and Salaries
974,117
Social Security Costs
76,957
Pension
44,275
1,095,349
The average number of people employed
by the company during the year was as follows:
No.
52		 2023
£
6,000
169,895
2023
£
895,015
69,358
36,157
1,000,530
No.
53

One employee received more than £60,000 (2023: one). One employee received more than £70,000 (2023: none).

Pension costs are allocated to activities in proportion to the related staffing costs incurred.

The charity trustees were not paid nor received any other benefits from employment with the Charity in the year (2023: £nil). No Directors received travel expenses during the year ended 31 March 2024 (2023: £nil).

Trustees of the charity received payment reimbursement of travel costs totalling £nil (2023: £nil).

The key management personnel of the charity comprise the trustees and the National Secretary. The employee benefits of the key management personnel of the charity were £70,289 (2023: £68,576).

4. FIXED ASSETS

COST
As at 1 April 2023
Additions
Disposal
Transfer
As at 31 March 2024
DEPRECIATION
As at 1 April 2023
Disposal
Charge for the year
As at 31 March 2024
NET BOOK VALUE
As at 31 March 2024
As at 31 March 2023		 Greenhill
Portadown
Portadown
Cabins &
Fixtures &
Motor
Leasehold
Freehold
Leasehold
Chalets
Fittings
Vehicles
Property
Equipment
Land
Property
Total
£
£
£
£
£
£
£
£
1,167,953
299,934
41,462
3,111,334
297,775
60,000
1,422,526
6,400,984
-
-
-
-
8,948
-
-
8,948
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,167,953
299,934
41,462
3,111,334
306,723
60,000
1,422,526
6,409,932
836,574
299,134
33,221
1,277,083
282,056
-
118,024
2,846,092
-
-
-
-
-
-
-
-
32,391
317
2,060
99,681
8,096
-
29,651
172,196
868,965
299,451
35,281
1,376,764
290,152
-
147,675
3,018,288
298,988
483
6,181
1,734,570
16,571
60,000
1,274,851
3,391,644
331,379
800
8,241
1,834,251
15,719
60,000
1,304,502
3,554,892

22

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

5 DEBTORS: AMOUNTS DUE WITHIN ONE YEAR
Trade Debtors
Prepayments and Accrued Income
Other Debtors
6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade Creditors
Accruals and Deferred Income
Other Creditors
Movement on Deferred Income
At start of the year
Arising during the year
Applied during the year
At end of the year		 2024
£
19,242
84,866
152,207
256,315
2024
£
33,866
276,155
17,460
327,481
29,610
33,866
(29,610)
33,866		 2023
£
15,644
124,934
156,275
296,853
2023
£
29,610
193,612
17,784
241,006
69,368
29,610
(69,368)
29,610

7. STATEMENT OF MOVEMENTS ON RESTRICTED, UNRESTRICTED & DESIGNATED FUNDS

Balance at 1 April 2023
Net Incoming Resources for the year
Transfers between funds
Balance at 31 March 2024
7.1 Designated Funds:
Balance at
01/04/2023
£
M&SS Volunteer Support
29,047
M&SS Antrim YMCA
2,668
Greenhill - maintenance
19,920
Portadown Donation - London Trip
-
Redundancy Provision
86,375
138,010		 Unrestricted
£
706,803
(180,490)
26,711
553,024
Income
£
-
-
-
1,981
-
1,981		 Designated
£
138,010
(13,782)
(11,639)
112,589
Expense
£
(13,845)
-
-
(1,918)
-
(15,763)		 Restricted
£
3,379,027
(168,388)
(15,072)
3,195,567
Transfer
£
-
-
-
(11,639)
(11,639)		 Total
£
4,223,840
(362,660)
-
3,861,180
Balance at
31/03/2024
£
15,202
2,668
19,920
63
74,736
112,589

23

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

----- Start of picture text -----
7. STATEMENT OF MOVEMENTS ON RESTRICTED, UNRESTRICTED & DESIGNATED FUNDS ctd…
7.2 Restricted Funds: Balance at Balance at
01/04/2023 Income Expense Transfer 31/03/2024
£ £ £ £ £
Greenhill
- -
Capital Grants (net of depreciaton) 1,920,102 (142,545) 1,777,557
- - - - -
EA VOLT Programme
- -
National Lottery Prog Grant 6,691 7,750 (14,441)
Rank Foundation Grant Rec'd 10,101 44,138 (54,239) - -
- -
YMCA Douglas Wood Foundation 27,554 (7,761) 19,793
Youth Led Solutions Climate Action 5,921 - - - 5,921
DAERA 7,500 - - - 7,500
- - - - -
Department for Communities - Jobstart
- - -
Downpatrick Sports Funds 2,334 (2,334)
- -
CDRCN - Refugee Programme Funds 5,584 (886) 4,698
Management and Support Services
- - -
Education Authority - Core Funding 42,000 (42,000)
EA CRED 10,152 - - - 10,152
EA Collaboration 1,814 - (168) - 1,646
EA Ulster Scots Ulster British - - - - -
-
Dormant Funds - 47,348 (47,348) - -
- -
Chaplaincy Grant 9,092 (4,056) 5,036
- - -
Bushcaft Programme Funding 3,617 3,617
E2T - PeacePlus
SEUPB - 59,323 (35,511) (6,500) 17,312
Portadown
Portadown carried forward (3,274) - - - (3,274)
- -
Department of Education - new building 1,364,502 (29,651) 1,334,851
----- End of picture text -----

24

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

----- Start of picture text -----
7.STATEMENT OF MOVEMENTS ON RESTRICTED, UNRESTRICTED & DESIGNATED FUNDS ctd…
Restricted Funds: Balance at Balance at
01/04/2023 Income Expense Transfer 31/03/2024
£ £ £ £ £
Portadown ctd…
Education Authority - Core funding 676 96,822 (95,918) (1,580) -
- - -
Education Authority - Summer Boost 3,185 (3,185)
Education Authority - YMCA Adventure Camp 152 - (260) 108 -
Education Authority - ICT Grant 245 - (245) - -
- - -
Education Authority - Voice of Young People 1,200 (1,200)
- - -
Education Authority - Spark Progamme 6,248 (6,248)
- - -
Neighbourhood Renewal 7,933 (7,933)
Planned Intervention - 5,325 (5,325) - -
- -
Fundraising for Global Service Learning 4,415 (162) 4,253
ABC Council 185 10,000 (10,119) - 66
Oasis Youth Club Maths Tutor - - - - -
ABC council covid support grant CSHS 22 - - (22) -
CSHS Enable Project - 10,135 (9,906) - 229
Youth Justice Agency 459 17,164 (17,164) - 459
TEO/Good relations 148 - (106) - 42
Department for Communities - Jobstart - 7,682 (7,615) - 67
YMCA Covid-19 470 - - (470) -
Ukraine Fundraising 89 - - - 89
----- End of picture text -----

25

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

7.STATEMENT OF MOVEMENTS ON RESTRICTED, UNRESTRICTED & DESIGNATED FUNDS ctd…

Restricted Funds:
Newcastle
Education Authority - Core Funding
Education Authority - ICT Grant
CDRCN
Refugee Programme
CDRCN
Holiday Hunger
CDRCN
Kitchen Funding
Awards for All
Awards for All - Our Space
Arbour House Donation -Christmas
Clanmill Housing Christmas & Hallowe'een
Dundrum Village Draft Raft
NMDDC
PHA Take Art Programme
Festival of Life
RCN Co Down
Peace Players
Impact Boxing Programme
Department for Communities - Jobstart
Total Restricted Funds		 Balance at
Balance at
01/04/2023
Income
Expense
Transfer
31/03/2024
£
£
£
£
£
211
96,823
(91,774)
(5,260)
-
-
1
-
-
(1)
-
-
-
5,000
(3,958)
(1,042)
-
-
-
100
(100)
-
-
-
10,000
(8,438)
-
1,562
1,096
-
(1,096)
-
-
4,379
-
(404)
-
3,975
260
-
(260)
-
-
701
-
(701)
-
-
-
100
(100)
-
-
-
200
(200)
-
-
-
450
(450)
-
-
5
-
-
(5)
-
200
200
(400)
-
-
-
1,140
(1,140)
-
-
-
1,600
(1,284)
(300)
16
-
20,369
(20,369)
-
-
3,379,027
508,612
(677,000)
(15,072)
3,195,567

26

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

----- Start of picture text -----
8. INCOME 2024 2023
Restricted Unrestricted Designated Total Total
£ £ £ £ £
Income from Donations and Legacies
Donations - 6,786 1,981 8,767 13,331
Education Authority - Core 42,000 - - 42,000 36,000
Solar Panel Income - 1,187 - 1,187 1,583
ROI Fair Share - 7,800 - 7,800 11,310
42,000 15,773 1,981 59,754 62,224
Income from Charitable Activities
EA - Core + Supplementary Newcastle 96,823 - - 96,823 130,000
EA - Core + Supplementary Portadown 96,822 - - 96,822 110,222
EA - Planned Intervention Portadown 5,325 - - 5,325 -
EA - Neighbourhood Renewal 7,933 - - 7,933 -
EA - Spark Programme Portadown - - - - 39,041
EA - Drugs & Alcohol Awareness Portadown - - - - 12,984
EA - Voice of Young People - - - - 10,435
EA - Global Learning Service - - - - 30,000
SEUPB - Peace Plus E2T 59,323 - - 59,323 -
ABC District Council 10,000 - - 10,000 10,012
ABC District Council - Jubilee - - - - 300
CSHS Enable Project 10,135 - - 10,135 -
YCEP- Youth Cultural 17,164 - - 17,164 -
Youth Justice Agency - - - - 4,946
TEO/Good relations - - - - 26,098
CDRCN-Refugee (Youth & Women) Newcas 5,000 - - 5,000 -
CDRCN - Holiday Hunger Newcastle 100 - - 100 -
CDRCN - Kitchen Funding Newcastle 10,000 - - 10,000 -
PHA Take Art Programme 450 - - 450 4,000
Dundrum Comm Village - Daft Raft 100 - - 100 -
Arbour House - Christmas - - - - 260
Clanmill Housing - - - - 1,222
Festival of Life - - - - 200
RCN Co. Down 200 - - 200 -
Peace Players Newcastle 1,140 - - 1,140 -
Impact Boxing Programme Newcastle 1,600 - - 1,600 -
NMDDC -Prog Grant Newcastle 200 - - 200 -
National Lottery Prog Grant Greenhill 7750 - - 7,750 -
Youth Led Solutions Climate Action - - - - 5,921
Rank Foundation Grant Greenhill 44,138 - - 44,138 40,653
Downpatrick Sports Fund Greenhill 2,334 - - 2,334 -
CDRCN Refugee Prog Fund Greenhill 5,584 - - 5,584 -
Dormant Funds M&SS 47,348 - - 47,348 -
Chaplaincy Grant M&SS 9,092 - - 9,092 -
Jobstart Grant Greenhill - - - - 39,381
Jobstart Grant Newcastle 20,369 431 - 20,800 19,206
Jobstart Grant Portadown 7,682 2,000 - 9,682 -
Affiliation Fees - 8,289 - 8,289 9,360
Greenhill Fees - 1,056,739 - 1,056,739 959,785
-
Capital Grants
DAERA - - - - 7,500
466,612 1,067,459 - 1,534,071 1,461,526
Other Income
Greenhill - 3,305 - 3,305 342
Castle Park - 43,338 - 43,338 82,474
M&SS - 29,042 - 29,042 67,611
Newcastle - 7,998 - 7,998 10,453
Portadown - 29,746 - 29,746 24,270
- 113,429 - 113,429 185,150
Total Income & Endowments 508,612 1,196,661 - 1,707,254 1,708,900
----- End of picture text -----

27

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

9.
Costs of Charitable Activity by Fund Type
Restricted
Unrestricted
£
£
Greenhill
222,206
1,129,997
Castle Park
-
30,067
Management &Support Services
93,572
71,447
Newcastle Youthbase
130,674
8,176
E2T Peace Plus
34,384
-
Portadown
195,037
52,509
Support Costs
-
44,033
Governance Costs (note 11)
-
37,409
675,873
1,373,638		 Designated
£
-
-
13,845
-
-
1,918
-
-
15,763		 2024
Total
£
1,352,203
30,067
178,864
138,850
34,384
249,464
44,033
37,409
2,065,274		 2023
Total
£
1,290,861
34,951
176,419
142,424
-
290,076
50,324
39,979
2,025,034

The 2024 expenditure total of £2,065,274 was split between restricted funds of £675,873, unrestricted funds of £1,373,638 and designated funds of £15,763.

10
Costs of Charitable Activity by Activity Type
Direct
Support
Costs
Costs
£
£
Charitable Activities
Greenhill
1,352,203
21,744
Castle Park
30,067
-
Management & Support Services
178,864
17,505
Newcastle Youthbase
138,850
1,176
E2T Peace Plus
34,384
-
Portadown
249,464
3,608
1,983,832
44,033
11
Governance Costs
Restricted
Unrestricted
£
£
Affiliation Fees
-
19,078
Audit and Accounts
-
7,200
Insurances
-
3,079
Legal and Professional Fees
-
5,852
Personnel Costs
-
2,200
-
37,409		 Governance
Costs
£
6,400
-
27,398
-
-
3,611
37,409
Designated
£
-
-
-
-
-
-		 2024
Total
£
1,380,347
30,067
223,767
140,026
34,384
256,683
2,065,274
2024
Total
£
19,078
7,200
3,079
5,852
2,200
37,409		 2023
Total
£
1,323,692
34,951
221,740
148,878
-
295,773
2,025,034
2023
Total
£
12,279
6,600
3,135
15,965
2,000
39,979

28

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

12. CONTINGENCIES

Greenhill:

There exists a contingent liability to repay in whole or part capital grants received from the Department of Education, ranging from 22 to 50 years from the receipt of the grant money. There also exists a contingent liability to repay in whole or part capital grants received from the Ministry of Finance & Personnel and the International Fund for Ireland.

The title deeds of the Greenhill property are held by the Department of Education as security in relation to grants paid for financial assistance being used for proper purposes according to the Deed of Covenant and Charge.

Portadown:

There exists a contingent liability to repay in whole or part capital grants received from the Department of Education, for 22 years from the receipt of the grant money.

The title deeds of the Portadown property are held by the Department of Education as security in relation to grants paid for financial assistance being used for proper purposes according to the Deed of Covenant and Charge.

13. MEMBERS' LIABILITY

The company is limited by guarantee and does not have a share capital. The liability of members is limited to one pound each. At 31 March 2024 there were 18 members.

14. RELATED PARTY TRANSACTIONS

During the year the National Council of Young Men's Christian Associations of Ireland Ltd entered into transactions with the National Council of Ireland YMCA Trust, a Related Party. At the Balance Sheet date the amount due from the National Council of Ireland YMCA Trust was £33,177 (2023 £22,264).

15.
Reconcilliation of net movement in funds to net cash flow from operating
activities:
2024
£
Net movement in funds
(362,660)
Add back depreciation charge
172,196
Loss on disposal of fixed assets
-
Decrease (increase) in debtors
40,538
Increase (decrease) in creditors
86,475
Net Cash used in operating activities
(63,451)		 2023
£
(319,734)
169,895
-
63,041
50,462
(36,336)

29

The National Council of Young Men's Christian Associations of Ireland Limited

Note to the Financial Statements

for the year ended 31 March 2024

----- Start of picture text -----
16. Net Assets Split by Fund Designated Unrestricted Restricted Totals
Funds Funds Funds Funds
£ £ £
-
Tangible Fixed Assets 282,510 3,109,134 3,391,644
Net Current Assets 112,589 270,514 86,433 469,536
112,589 553,024 3,195,567 3,861,180
----- End of picture text -----

30

The following pages do not form part of the statutory financial statements which are the subject of the independent auditor's report on pages 11 to 14 .

31

The National Council of Young Men's Christian Associations of Ireland Limited

Detailed Statement of Financial Activities

for the year ended 31 March 2024

----- Start of picture text -----
Greenhill 2024 2023
£ £
Income 1,062,249 967,378
-
Capital Grants 7,500
Grants 59,806 85,955
Insurance Claim - -
Total Income 1,122,055 1,060,833
Cost of generating funds
Cost of generating voluntary income 3,324 3,500
Direct Charitable Activities
Programme Costs 143,391 143,537
Programme Equipment 10,388 13,809
Salary Costs 655,386 614,513
Telephone & Admin 13,385 8,853
Heat & Light 80,906 100,273
Cleaning & Laundry 15,502 12,664
Insurance 47,729 33,017
Travel 1,493 1,016
Motor Costs 7,523 3,937
Volunteer Costs 8,796 10,329
Volunteer Allowances 100,023 82,006
Food / Catering Costs 79,674 71,641
Depreciation 142,545 140,244
Water Rates 9,693 8,423
IT costs 1,401 1,711
Maintenance 33,144 43,652
Health and Safety 750 1,236
1,351,729 1,290,861
Support Costs (95%) 21,107 21,871
1,372,836 1,312,732
Governance
Audit and Accounts 4,200 4,300
-
Legal and Professional fees 3,509
Personnel Costs 2,200 2,000
6,400 9,809
Support Costs (5%) 1,111 1,151
7,511 10,960
Other Expenditure
- -
Loss on Disposal
Total Greenhill Resources Expended 1,383,671 1,327,192
Greenhill Support Costs
Bank Charge 1,828 3,940
Compliance 2,751 1,767
Ground Rent - 60
Photocopier and Postage 2,777 1,857
- -
General Support
Training 13,404 13,761
Travel 1,458 1,637
22,218 23,022
----- End of picture text -----

32

The National Council of Young Men's Christian Associations of Ireland Limited

Detailed Statement of Financial Activities

for the year ended 31 March 2024

----- Start of picture text -----
Management & Support Services 2024 2023
£ £
Income 147,136 124,661
Cost of generating funds
- -
Cost of generating voluntary income
- -
Direct Charitable Activities
Programme Costs 7,559 15,412
Salary Costs 152,428 133,660
Travel 5,032 5,777
Volunteer Support 13,845 21,570
178,864 176,419
Support Costs (95%) 16,630 18,786
195,494 195,205
Governance
Affiliation Fees 19,078 12,279
Audit and Accounts 3,000 700
Insurances 3,079 3,135
Legal & Professional Fees 2,241 9,432
27,398 25,546
Support Costs (5%) 875 989
28,273 26,535
- -
Other Resources Expended
Total Resources Expended 223,767 221,740
Support Costs
Advertising 850 50
Bank Charge 553 574
Communications 1,795 5,677
Conference and Meeting 2,852 1,001
Equipment 217 492
General 1,848 1,052
Postage - 44
OCN Charges and training expenses 6,014 5,791
Pension Scheme Charges 2,462 2,398
Payroll Processing Charges 615 1,861
Staff Training 299 835
17,505 19,775
----- End of picture text -----

33

The National Council of Young Men's Christian Associations of Ireland Limited

Detailed Statement of Financial Activities

for the year ended 31 March 2024

----- Start of picture text -----
Newcastle Youthbase 2024 2023
£ £
Income 144,411 165,341
Cost of generating funds
- -
Cost of generating voluntary income
- -
Direct Charitable Activities
Salary Costs 102,953 125,671
Programme costs 20,206 10,922
Rent 8,004 -
Telephone & Internet 868 651
Heat & Light 2,625 1,186-
Cleaning 254 740
Insurance 1,454 1,225
Repairs & Maintenance 921 724
Equipment costs - 774
Tuck Shop expenses 895 531
138,180 142,424
Support Costs (95%) 1,326 4,896
139,506 147,320
Governance
Audit and Accounts - 400
Legal & Professional Fees - 900
-
1,300
Support Costs (5%) 70 258
70 1,558
Total Resources Expended 139,576 148,878
Support Costs
Staff Training 75 4,528
Staff Travel & Expenses 1,070 626
Credit Card Charges 29 -
Stationary & Postage 222 -
1,396 5,154
----- End of picture text -----

34

The National Council of Young Men's Christian Associations of Ireland Limited

Detailed Statement of Financial Activities

for the year ended 31 March 2024

----- Start of picture text -----
Portadown 2024 2023
£ £
Income 190,991 275,591
Cost of generating funds
Cost of generating voluntary income 189 100
189 100
Direct Charitable Activities
Programme costs 48,055 86,358
Programme Equipment 1,376 720
Salary costs 133,535 124,565
Trainee Allowances - 22,033
Telephone & Internet 1,795 1,244
Rent - -
Heat & Light 10,230 8,110
Cleaning & Maintenance 7,981 4,416
Insurance 9,077 6,599
Transport 2,314 2,010
Travel - -
Water Rates 860 467
Maintenance - -
Tuck Shop Expenses 3,759 2,549
Stationery 898 1,354
- -
Admininstration charges
- -
New Build non capital Fees
Depreciation 29,651 29,651
249,531 290,076
Support Costs (95%) 3,364 2,254
252,895 292,330
Governance
Audit and Accounts - 1,200
Legal & Professional Fees 3,611 2,124
3,611 3,324
Support Costs (5%) 177 119
3,788 3,443
Total Resources Expended 256,872 295,873
Support Costs
Credit Card Charges 124 -
Sundry 1,745 1,380
Training 357 350
Staff Travel and Expenses 1,315 643
3,541 2,373
----- End of picture text -----

35

The National Council of Young Men's Christian Associations of Ireland Limited

Detailed Statement of Financial Activities

for the year ended 31 March 2024

----- Start of picture text -----
E2T Peace Plus 2024 2023
£ £
Income 59,323 -
Cost of generating funds
-
Cost of generating voluntary income 1,127
-
1,127
Direct Charitable Activities
Programme costs 346 -
-
Salary costs 32,957
- -
Bank Charges
Office Rent - -
- -
Staff Development
Telephone 21 -
Insurance - -
-
Staff Travel expense 1,060
-
34,384-
- -
Support Costs (95%)
-
34,384
Governance
Audit and Accounts - -
- -
Legal & Professional Fees
- -
- -
Support Costs (5%)
- -
-
Total Resources Expended 35,511
- -
Support Costs
- -
----- End of picture text -----

36

The National Council of Young Men's Christian Associations of Ireland Limited

Detailed Statement of Financial Activities

for the year ended 31 March 2024

----- Start of picture text -----
Castle Park 2024 2023
£ £
Income 43,338 82,474
Cost of generating funds
- -
Cost of generating voluntary income
- -
Direct Charitable Activities
Programme costs 30,067 34,951
30,067 34,951
- -
Support Costs (95%)
30,067 34,951
Governance
- -
- -
- -
Support Costs (5%)
- -
Total Resources Expended 30,067 34,951
- -
Support Costs
- -
----- End of picture text -----

37

The National Council of Young Men's Christian

Associations of Ireland Limited

Detailed Statement of Financial Activities

for the year ended 31 March 2024

EA Funding Income & Expenditure - National and Greenhill

NOTE
Core
VOLT
USUB
CRED
Collaboration
Newcomers -
FUSE
£
£
£
£
£
£
OPENING BALANCE 1 APRIL 2023
7
-
-
-
10,152
1,814
-
INCOME
42,000
-
-
-
-
-
EXPENDITURE
Salary costs
42,000
-
-
-
-
-
Returned unspent funding
-
-
-
-
-
-
TOTAL EXPENDITURE
42,000
-
-
-
-
-
Transfer between restricted/unrestricted fun
-
-
-
-
-
-
BALANCE AT 31 MARCH 2024
7
-
-
-
10,152
1,814
-		 TOTAL
£
11,966
42,000
42,000
-
42,000
-
11,966

38

The National Council of Young Men's Christian Associations of Ireland Limited

Detailed Statement of Financial Activities

for the year ended 31 March 2024

EA Funding Income & Expenditure - Newcastle

NOTE
OPENING BALANCE 1 APRIL 2023
INCOME
7
EXPENDITURE
Cleaning materials
Heat and Light
Insurance
Rent
Salaries
Telephone
Stationary
Programme costs
Returned unspent 2022-23
TOTAL EXPENDITURE
Transfer between restricted/unrestricted funds
BALANCE AT 31 MARCH 2024
7		 Core
Reset Grant
Period
Poverty
TBUC
PPE Fund
ICT Grant
£
£
£
£
£
211
96,823
-
-
-
-
-
112
-
-
-
-
-
2,625
-
-
-
-
-
-
-
-
-
-
8,004
-
-
-
83,409
-
-
-
-
-
139
-
-
-
-
-
110
-
-
-
-
-
2,357
-
-
-
-
-
278
-
-
-
-
-
97,034
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 TOTAL
£
211
96,823
112
2,625
0
8,004
83,409
139
110
2,357
278
97,034
-
-

39

The National Council of Young Men's Christian Associations of Ireland Limited

Detailed Statement of Financial Activities

for the year ended 31 March 2024

EA Funding Income & Expenditure - Portadown YMCA

NOTE
Core /
Supplementary
Summer
Boost
Youth
Intervention
YMCA
Adventure
Camp
Spark
Programme
Voice of
Young
People
Dneighbou
rhood
Renewal
Planne
d
Interve
ntion
ICT
Grant
£
£
£
£
£
£
£
£
OPENING BALANCE 1 APRIL 2023
676
3,185
-
152
6,248
1,200
-
-
245
INCOME
7
96,822
-
-
-
-
-
7,933
5,325
-
EXPENDITURE
Cleaning materials
320
-
-
-
-
-
-
-
-
Heat & Light
3,547
-
-
-
-
-
-
-
-
Insurance
3,750
-
-
-
-
-
-
-
-
Other costs
1,500
-
-
-
-
-
131-
-
-
Management Fees
-
-
-
-
-
-
-
-
-
Salary costs
79,753
-
-
-
-
-
3,188-
1,623-
-
Stationery
366
-
-
-
-
-
-
-
-
Telephone
662
-
-
-
-
-
-
-
-
Transport
2,314
-
-
-
-
-
-
-
-
Water rates
430
-
-
-
-
-
-
-
-
Programme costs
4,180
-
-
-
1,424
1,200
4,614
3,702
-
Volunteer Allowances
-
-
-
-
-
-
-
-
-
Returned unspent funding
596
3,185
-
260
4,824
-
-
-
245
TOTAL EXPENDITURE
97,418
3,185
-
260
6,248
1,200
7,933
5,325
245
Transfer between Accounts
(80)
-
-
108
-
-
-
-
-
AT 31 MARCH 2024
7
-
-
-
-
-
-
-
-
-		 TOTAL
£
11,706
110,080
320
3,547
3,750
1,631
-
84,564
366
662
2,314
430
15,120
-
9,110
121,814
28
-

40