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2025-03-31-accounts

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

Financial Statements

for the year ended 31 March 2025

Company Number: NI015660 Charity Number: XN 45820

CCNI: 105739

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

Table of Contents

Company Information 1
Report of the Executive Committee 2 - 12
Report of the Independent Auditors 13 - 16
Statement of Financial Activities 17
Balance Sheet 18
Cashflow Statement 19
Notes to the Financial Statements 20-31

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

Company Information for the year ended 31 March 2025

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

1

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

Report of the Executive Committee for the year ended 31 March 2025

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- The (commonly known as "YMCA Ireland") for the year ended 31 March 2025.

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

2

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

Report of the Executive Committee for the year ended 31 March 2025

STRUCTURE GOVERNANCE AND MANAGEMENT

a. STRUCTURE

YMCA 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), 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 Vice Chairperson/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 30th November, 2024 were: Mr Jonny Currie (Chairperson) Mair Kelly (Vice Chair) Ms Jade Irwin (Company Secretary) Mr Gareth Kirk (Treasurer) Mr Chris Cupples Ms Karen Graham (Resigned 31st March, 2025) Ms Lisa Dunn Ms Rhonda Willoughby (Appointed 30th November, 2024) Mr Dave Wiggins Ms Andrea Spence (Resigned 4th September, 2024) Ms Lorraine Boyd Mr Alejandro Lasso Mr Dean Nutt Ms Michele Taylor Lorna Somers Colin Meikle

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

3

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

Report of the Executive Committee for the year ended 31 March 2025

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 2024/25 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. Mitigations which are being put in place to manage this risk include:

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.

4

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

Report of the Executive Committee for the year ended 31 March 2025

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 2024/25, 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 £12.21 per hour ( national Living Wage with effect from 1 April 2025), this equates to a contribution (in terms of social capital) of over £612,000 in 2024/25.

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

Greenhill YMCA has use of premises in Newcastle owned by Glenada YWCA/YMCA for the housing of over 20 international volunteers who carry out a range of tasks at Greenhill. The Board of Glenada have decided that the premises should be marketed for sale, it is anticipated that this will happen in late 2025. Options are currently being developed and assessed to determine how best the international volunteers who are so critical to the success of Greenhill can be housed in future years.

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 providsubject to any material departures disclosed and explained in the financial statements; and

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.

5

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

Report of the Executive Committee for the year ended 31 March 2025

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 staying true to our foundations while exploring ways and means to be accepting and inclusive in our modern world.

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

Report of the Executive Committee for the year ended 31 March 2025

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

Report of the Executive Committee for the year ended 31 March 2025

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.

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

Report of the Executive Committee for the year ended 31 March 2025

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.

Impact/Making a Positive Difference

E2T

YMCA Ireland has successfully rolled out an SEUPB funded peace programme, as the lead partner to YMCAs, YouthLink, Youth Initiatives & MenCap in a 7.78m euro project over 4 years (2024-27). The Empower 2 Transform programme provides 2 youth workers in each local association work with 77 young people in each cohort over the course of the programme. We have partnered with Youth Link, Youth Initiatives & Mencap to ensure we will build community relations with over 1300 young people, each for a 6-9 month period.

Impact in thsubject to any material departures disclosed and explained in the financial statements; and 80,000 contact hours with young people

100th finisher who had engaged at least 250 hours 400th programme starter 3000th session delivered

The programme continues to be delivered in a youth-led way, where the staff and participants work together to identify needs and develop programmes using various methodologies.

9

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

Report of the Executive Committee for the year ended 31 March 2025

Notable events included a Social Action project by our Larne YMCA Cohort who raised £600 for the Air Ambulance at their Coffee Morning, a Community Relations event with cross cultural food by our Mencap Cohort, a sponsored stay awake in Portadown YMCA that raised £755 for the Youth Club, along with lots of trips and Residentials at Greenhill, Derry/Londonderry, Belfast Peace Walls along with some Go Karting & Laser Tag.

In addition we have had some fantastic graduation events held across the project including Carrick, Lisburn, N.Down & Portadown. At all of these events young people spoke passionately about the positive impact of the project in various ways in supporting them to become more employable, more resilient, better citizens, finding new friendships and in one comment, helping them to continue breathing.

We also held a staff team day in Portadown in January when we worked with Third Sector Connect to develop a more strategic approach to how we monitor and report the broad spectrum of work that we are facilitating.

Whilst the project is going extremely well, we are not naïve to the scale of work that still has to be done, this is a massive project, but we are confident in our team's skills and passion to be able to make this an incredible success.

Youth Spaces

We have been reviewing our opening hours and the spread of the service with the CETB in response to the wellbeing needs of staff. Currently we are continuing with our all of our services - Drop In service, Recording Studio, Cooking and Games/Movie Nights, Creative projects in music, art, photography, film, makeup and beauty, One to One support and homework clubs in Cork city 4 days a week, in Clonakilty 5 days a week and in Dunmanway and Skibbereen 1 day a week each. We are advocating for increased resources to help meet the high needs of the young people we are working with across 4 locations. Needs include - school refusal, problems with drugs and alcohol, abuse, eating disorders, suicide ideation and self harm, dealing with family conflict and separation, neurodiversity etc.

Despite these challenges we are continuing to have profound impacts on young people. "In participating in YMCA activities and accessing their services, I’ve been given a new outlook on life and experiences experiences I will treasure for a lifetime. I’ve met people I never would have met otherwise and I’ve built myself up.

I want to help others in the way that I’ve been helped. By having a more hands-on role in supporting the young people coming in, I feel like I’ll have a more positive influence on their lives in the same way that my friends here have positively impacted me as well. I want to help bring them up and help them grow into functional adults who become the best person they can be and contribute to supporting the community around them, especially those from marginalised backgrounds." - Miracle, one of our Youth Spaces Advisory Panel members.

10

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

Report of the Executive Committee for the year ended 31 March 2025

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 include further use of the hub as a corporate meeting space and wider usage of the Castle Park facilities for income generation.

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 2025 onwards.

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 £171,042 to a still very healthy £3,690,138.

Unrestricted funds at £516,359 decreased by £36,665 whilst funds set aside for specific purposes “designated funds” at £86,477 decreased by £26,112.

The balance sheet of the charity remains strong. The cash position at the year end was at £425,498 a decrease of £115,204 compared to the start of the year. Debtors owed £560,560 at the year end, a increase of £304,245. Creditors payable at the year end were £519,060 an increase of £191,579. There were cash flow issues encountered during the year due to non payment by SEUPB. This situation has now been dealt with.

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.

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

Report of the Executive Committee for the year ended 31 March 2025

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 £229,703. 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.

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 26 November 2025 and signed on their behalf by:

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

12

Report of the Independent Auditors

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

(a company limited by guarantee)

Opinion

We have audited the financial statements of National Council of Young Men's Christian Associations of Ireland Limited- The, for the year ended 31 March 2025 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.

13

Report of the Independent Auditors (continued)

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

(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:

14

Report of the Independent Auditors (continued)

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

(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.

15

Report of the Independent Auditors (continued)

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

(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

16

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

Statement of Financial Activities

(incorporating the Income and Expenditure Account)

for the year ended 31 March 2025

----- Start of picture text -----
Restricted Unrestricted Designated 2025 Restricted Unrestricted Designated 2024
Funds Funds Funds Total Funds Funds Funds Total
£ £ £ £ £ £ £ £
Notes
Income and endowments from:
Donations and legacies 8 43,000 18,517 11,453 72,970 42,000 15,773 1,981 59,754
Charitable Activities:
Non-Capital 8 1,390,794 1,146,645 - 2,537,439 466,612 1,067,459 - 1,534,071
Capital Grants 8 - - - - - - - -
Other Income 8 - 133,587 - 133,587 - 113,429 - 113,429
Total Income and endowments 1,433,794 1,298,749 11,453 2,743,996 508,612 1,196,661 1,981 1,707,254
Expenditure on:
Raising funds 252 1,089 - 1,341 1,127 3,513 - 4,640
Charitable Activities 9,10,11 1,472,207 1,391,516 49,974 2,913,697 675,873 1,373,638 15,763 2,065,274
Total Expenditure 1,472,459 1,392,605 49,974 2,915,038 677,000 1,377,151 15,763 2,069,914
Net Expenditure
for the year (38,665) (93,856) (38,521) (171,042) (168,388) (180,490) (13,782) (362,660)
Transfers between funds 7 (69,600) 57,191 12,409 - (15,072) 26,711 (11,639) -
Net movement in funds (108,265) (36,665) (26,112) (171,042) (183,460) (153,779) (25,421) (362,660)
Reconciliation of funds:
Fund balances brought forward 7 3,195,567 553,024 112,589 3,861,180 3,379,027 706,803 138,010 4,223,840
Total Funds Carried Forward 7 3,087,302 516,359 86,477 3,690,138 3,195,567 553,024 112,589 3,861,180
----- 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 20 to 31 form an integral part of these financial statements.

17

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

Balance Sheet

As at 31 March 2025

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		 2025
£
3,223,140
425,498
560,560
986,058
519,060
466,998
3,690,138
516,359
86,477
3,087,302
3,690,138		 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

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

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

The notes on pages 20 to 31 form an integral part of these financial statements.

18

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

Cash Flow Statement

As at 31 March 2025

----- Start of picture text -----
2025 2024
Note £ £
Cash provided by Operating Activities 15 (111,057) (63,451)
Purchase of Tangible Fixed Assets (4,147) (8,948)
Cash provided by (used in) investing activities (4,147) (8,948)
Cash Flow from financing activities
- -
Repayment of Borrowing
- -
Cash used in financing activities
Movement in cash and cash equivalents in the year (115,204) (72,399)
Cash and cash equivalents at the beginning of the year 540,702 613,101
Total Cash and Cash Equivalents at the end of the year 425,498 540,702
----- End of picture text -----

19

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

Note to the Financial Statements

for the year ended 31 March 2025

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- The 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 subject to any material departures disclosed and explained in the financial statements; 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.

20

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

Note to the Financial Statements

for the year ended 31 March 2025

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:

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

subject to Leasehold Property

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. Land is not depreciated.

21

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

Note to the Financial Statements

for the year ended 31 March 2025

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 subject to any material departures disclosed and explained in the financial statements; and

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.

22

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

Note to the Financial Statements

for the year ended 31 March 2025

2. RESULTS FOR THE YEAR

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

2025
£
Auditor Remuneration
7,200
Depreciation
172,651
3. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE
COST OF KEY MANAGEMENT PERSONNEL
2025
£
Staff Costs
Wages and Salaries
1,549,410
Social Security Costs
125,932
Pension
65,445
1,740,787
The average number of people employed
by the company during the year was as follows:
No.
73		 2024
£
7,200
172,196
2024
£
974,117
76,957
44,275
1,095,349
No.
52

One employee received more than £60,000 (2024: one). One employee received more than £70,000 (2024: one).

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 their Trusteeship with the Charity in the year (2024: £nil). No Directors received travel expenses during the year ended 31 March 2025 (2024: £nil).

Trustees of the charity received payment reimbursement of travel costs totalling £nil (2024: £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 £102,000 (2024: £70,289).

4. FIXED ASSETS

COST
As at 1 April 2024
Additions
Disposal
Transfer		 Portadown
Greenhill Portadown
Freehold
Leasehold Leasehold
Cabins &
Fixtures &
Motor
Land
Property
Property
Chalets
Fittings
Equipment
Vehicles
Total
£
£
£
£
£
£
£
£
60,000
3,111,334
1,422,526
1,167,953
299,934
306,723
41,462
6,409,932
-
-
-
-
-
4,147
-
4,147
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
As at 31 March 2025 60,000
3,111,334
1,422,526
1,167,953
299,934
310,870
41,462
6,414,079
DEPRECIATION
As at 1 April 2024
Disposal
Charge for the year		 -
1,376,764
147,675
868,965
299,451
290,152
35,281
3,018,288
-
-
-
-
-
-
-
-
-
99,682
29,651
32,391
396
8,471
2,060
172,651
As at 31 March 2025 -
1,476,446
177,326
901,356
299,847
298,623
37,341
3,190,939
NET BOOK VALUE
As at 31 March 2025 60,000
1,634,888
1,245,200
266,597
87
12,247
4,121
3,223,140
As at 31 March 2024 60,000
1,734,570
1,274,851
298,988
483
16,571
6,181
3,391,644

23

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

Note to the Financial Statements

for the year ended 31 March 2025

5 DEBTORS: AMOUNTS DUE WITHIN ONE YEAR

5 DEBTORS: AMOUNTS DUE WITHIN ONE YEAR
2025
£
Trade Debtors
51,866
Prepayments and Accrued Income
314,461
Other Debtors
194,233
560,560
6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade Creditors
27,285
Accruals and Deferred Income
422,908
Other Tax and Social Security
50,187
Other Creditors
18,680
519,060
7. STATEMENT OF MOVEMENTS ON RESTRICTED, UNRESTRICTED & DESIGNATED FUNDS
Unrestricted
Designated
Restricted
£
£
£
Balance at 1 April 2024
553,024
112,589
3,195,567
Net Incoming Resources for the year
(93,856)
(38,521)
(38,665)
Transfers between funds
57,191
12,409
(69,600)
Balance at 31 March 2025
516,359
86,477
3,087,302
Balance at
01/04/2024
Income
Expense
Transfer
£
£
£
£
M&SS Volunteer Support
15,202
10,000
(17,000)
-
M&SS Ycare
-
-
-
-
M&SS Antrim YMCA
2,668
-
-
-
Greenhill Capital Development
-
-
-
-
Greenhill Salary Costs 2021-22
-
-
-
-
Greenhill - maintenance
19,920
-
(11,160)
-
Portadown Donation - London Trip
63
1,453
(1,486)
-
112,589
11,453
(49,974)
12,409		 2024
£
19,242
84,866
152,207
256,315
2024
£
33,866
236,950
39,205
17,460
327,481
Total
£
3,861,180
(171,042)
-
3,690,138
Balance at
31/03/2025
£
8,202
-
2,668
-
-
8,760
30
86,477

24

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

Note to the Financial Statements

for the year ended 31 March 2025

----- Start of picture text -----
7. STATEMENT OF MOVEMENTS ON RESTRICTED, UNRESTRICTED & DESIGNATED FUNDS ctd…
7.2 Restricted Funds: Balance at Balance at
01/04/2024 Income Expense Transfer 31/03/2025
£ £ £ £ £
Greenhill
- -
Capital Grants (net of depreciaton) 1,777,557 (142,999) 1,634,558
- - -
National Lottery Programme Grant 7,750 7,750
Rank Foundation Grant Rec'd - 48,097 (36,758) - 11,339
CRC- Global Justice in Northern Ireland - 3,415 (3,408) (7) -
- -
YMCA Douglas Wood Foundation 19,793 (5,523) 14,270
Youth Led Solutions Climate Action 5,921 - (2,000) - 3,921
DAERA 7,500 - - - 7,500
- -
CDRCN - Refugee Programme Funds 4,698 (40) 4,658
- - -
Department for Communities - Jobstart 8,804 (8,804)
Greenhill Total 1,815,469 68,066 (199,532) (7) 1,683,996
Management and Support Services
- - - - -
Education Authority - Core Funding
- - -
Core Funding 42,000 (42,000)
EA CRED 10,152 - - - 10,152
EA Collaboration 1,646 - - - 1,646
ICT Grant - 1,000 (1,000) - -
-
- -
Grant- Bytes 7,111 (2,141) 4,970
Dormant Funds - 48,536 (48,536) - -
-
Chaplaincy Grant 5,036 12,500 (15,325) 2,211
- - -
Bushcaft Programme Funding 3,617 3,617
-
Management and Support Services Total 20,451 111,147 (109,002) 22,596
E2T - PeacePlus
SEUPB 17,312 928,559 (819,669) (63,096) 63,106
- -
Department for Economy 44,360 (42,568) 1,792
E2T - PeacePlus Total 17,312 972,919 (862,237) (63,096) 64,898
----- End of picture text -----

25

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

Note to the Financial Statements

for the year ended 31 March 2025

----- Start of picture text -----
7.STATEMENT OF MOVEMENTS ON RESTRICTED, UNRESTRICTED & DESIGNATED FUNDS ctd…
Restricted Funds: Balance at Balance at
01/04/2024 Income Expense Transfer 31/03/2025
£ £ £ £ £
Portadown
Portadown carried forward (3,274) - - - (3,274)
- -
Department of Education - new building 1,334,851 (29,651) 1,305,200
Awards for all - - - - -
Education Authority - Core funding - 99,155 (99,216) 61 -
- - -
Education Authority - ICT Grant 1,000 (1,000)
Neighbourhood Renewal - 8,559 (8,560) 1 -
Planned Intervention - 6,000 (6,144) 144 -
- - -
Fundraising for Global Service Learning 4,253 (4,253)
ABC Council 66 10,000 (10,000) (66) -
Maths Tutor Programme - - (761) 761 -
CSHS Enable Project 229 1,384 (1,384) (229) -
SRC- Horizon Project - 2,595 (1,635) - 960
TBUC - 21,597 (19,482) - 2,115
Youth Justice Agency 459 - - - 459
TEO/Good relations 42 1,578 - - 1,620
School Base Work - 9,709 (4,701) - 5,008
Department for Communities - Jobstart 67 10,245 (9,452) (860) -
Ukraine Fundraising 89 - - (89) -
Portadown Total 1,336,782 171,822 (196,239) (277) 1,312,088
----- End of picture text -----

26

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

Note to the Financial Statements

for the year ended 31 March 2025

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

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Restricted Funds:|Balance at|Balance at| |01/04/2024|Income|Expense|Transfer|31/03/2025| |£|£|£|£|£| |Newcastle| |Education Authority - Core Funding|-|99,160|(99,182)|22|-| |-| |-|-|-| |Education Authority - ICT Grant|1,000|(1,000)| |-| |CDRCN|Kitchen Funding|1,562|-|-|(1,562)|-| |-|-| |Awards for All - Our Space|3,975|(465)|3,510| |Ark Housing|-|700|(210)|(490)|-| |RCN Co Down|-|150|-|(150)|-| |Peace Players|-|426|-|(426)|-| |Impact Boxing Programme|16|700|(501)|-|215| |-|-| |Department for Communities - Jobstart|7,704|(4,090)|(3,614)| |Newcastle Total|5,553|109,840|(105,448)|(6,220)|3,725| |Total Restricted Funds|3,195,567|1,433,794|(1,472,459)|(69,600)|3,087,303|

----- End of picture text -----

27

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

Note to the Financial Statements

for the year ended 31 March 2025

----- Start of picture text -----
8. INCOME 2025 2024
Restricted Unrestricted Designated Total Total
£ £ £ £ £
Income from Donations and Legacies
Donations - 6,928 11,453 18,381 8,767
Education Authority - Core 42,000 - - 42,000 42,000
Education Authority - MIS 1,000 - - 1,000 -
Solar Panel Income - 1,269 - 1,269 1,187
ROI Fair Share - 10,320 - 10,320 7,800
43,000 18,517 11,453 72,970 59,754
Income from Charitable Activities
EA - Core + Supplementary Newcastle 99,160 - - 99,160 96,823
EA - Core + Supplementary Portadown 99,155 - - 99,155 96,822
EA - Planned Intervention Portadown 6,000 - - 6,000 5,325
EA - Neighbourhood Renewal 8,559 - 8,559 7,933
EA - MIS Portadown 1,000 - - 1,000 -
EA - MIS Newcastle 1,000 - - 1,000 -
SEUPB - Peace Plus E2T 928,559 - - 928,559 59,323
Department for the Economy 44,360 4,436 - 48,796 -
ABC District Council 10,000 - - 10,000 10,000
CSHS Enable Project 1,384 1,520 - 2,904 10,135
YCEP- Youth Cultural - - - - 17,164
TEO/Good relations 1,578 - - 1,578 -
TBUC 21,597 - - 21,597 -
SRC - Horizon Project income 2,595 - - 2,595 -
School based work 9,709 - - 9,709 -
CDRCN-Refugee (Youth & Women) Newca - - - - 5,000
CDRCN - Holiday Hunger Newcastle - - - - 100
CDRCN - Kitchen Funding Newcastle - - - - 10,000
PHA Take Art Programme - - - - 450
Dundrum Comm Village - Daft Raft - - - - 100
Ark Housing 700 - - 700 -
RCN Co. Down 150 - - 150 200
subject to any material departures disclosed 426 - - 426 1,140
Impact Boxing Programme Newcastle 700 - - 700 1,600
NMDDC -Prog Grant Newcastle - - - - 200
National Lottery Prog Grant Greenhill 7,750 - - 7,750 7,750
Rank Foundation Grant Greenhill 48,097 - - 48,097 44,138
CRC - Global Justice In Northern Ireland 3,415 - - 3,415 -
Downpatrick Sports Fund Greenhill - - - - 2,334
CDRCN Refugee Prog Fund Greenhill - - - - 5,584
Dormant Funds M&SS 48,536 - - 48,536 47,348
Chaplaincy Grant M&SS 12,500 - - 12,500 9,092
Grant - Bytes 7,111 - - 7,111 -
Jobstart Grant Greenhill 8,804 - - 8,804 -
Jobstart Grant Newcastle 7,704 - - 7,704 20,800
Jobstart Grant Portadown 10,245 - - 10,245 9,682
Affiliation Fees - 9,570 - 9,570 8,289
Greenhill Fees - 1,124,310 - 1,124,310 1,056,739
GH Insurance Claim - 6,809 - 6,809 -
1,390,794 1,146,645 - 2,537,439 1,534,071
Other Income
Greenhill - 3,372 - 3,372 3,305
Castle Park - 55,443 - 55,443 43,338
M&SS - 53,044 - 53,044 29,042
Newcastle - 5,243 - 5,243 7,998
Portadown - 16,485 - 16,485 29,746
- 133,587 - 133,587 113,429
Total Income & Endowments 1,433,794 1,298,749 11,453 2,743,996 1,707,254
----- End of picture text -----

28

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

Note to the Financial Statements

for the year ended 31 March 2025

9.
Costs of Charitable Activity by Fund Type
Restricted
Unrestricted
£
£
Greenhill
199,531
1,143,368
Castle Park
-
30,902
Management &Support Services
109,003
75,475
Newcastle Youthbase
105,448
16,477
E2T Peace Plus
861,985
3,200
Portadown
195,240
34,894
Support Costs
-
46,230
Governance Costs (note 11)
1,000
40,970
1,472,207
1,391,516		 Designated
£
31,488
-
17,000
-
-
1,486
-
-
49,974		 2025
Total
£
1,374,387
30,902
201,478
121,925
865,185
231,620
46,230
41,970
2,913,697		 2024
Total
£
1,352,203
30,067
178,864
138,850
34,384
249,464
44,033
37,409
2,065,274

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
1,374,387
20,806
Castle Park
30,902
-
Management & Support Services
201,478
22,197
Newcastle Youthbase
121,925
510
E2T Peace Plus
865,185
-
Portadown
231,620
2,717
2,825,497
46,230
11
Governance Costs
Restricted
Unrestricted
£
£
Affiliation Fees
-
6,316
Audit and Accounts
1,000
7,236
Insurances
-
2,750
Legal and Professional Fees
-
22,938
Personnel Costs
-
1,730
1,000
40,970		 Governance
Costs
£
15,552
-
21,991
1,125
-
3,302
41,970
Designated
£
-
-
-
-
-
-		 2025
Total
£
1,410,745
30,902
245,666
123,560
865,185
237,639
2,913,697
2025
Total
£
6,316
8,236
2,750
22,938
1,730
41,970		 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

29

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

Note to the Financial Statements

for the year ended 31 March 2025

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 2025 there were 16 members.

14. RELATED PARTY TRANSACTIONS

During the year the National Council of YMCAs of Irelandf (RoI) CLG 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 £50,398 (2024 £33,177).

15.
Reconcilliation of net movement in funds to net cash flow from operating
activities:
2025
£
Net movement in funds
(171,042)
Add back depreciation charge
172,651
Increase (decrease) in debtors
(304,245)
Increase (decrease) in creditors
191,579
Net Cash used in operating activities
(111,057)		 2024
£
(362,660)
172,196
40,538
86,475
(63,451)

30

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

Note to the Financial Statements

for the year ended 31 March 2025

----- Start of picture text -----
16. Net Assets Split by Fund Designated Unrestricted Restricted Totals
Funds Funds Funds Funds
£ £ £
-
Tangible Fixed Assets 286,656 2,936,484 3,223,140
Net Current Assets 86,477 229,703 150,818 466,998
86,477 516,359 3,087,302 3,690,138
----- End of picture text -----

31