OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

tharlty reilstt¥tlon number 106102-0 Company r¥istration number N1025440 INorthern Irelandl GLENADA YWCAIYMCA LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

GLENADA YWCAIYMCA LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr W Mccall Mr K H Baxter Mr C Caughey Mrs S Cau8hey Mr R McBride Se¢retary MS G Mogada Charlty nurnber 106102-0 Company number N1025440 Prlntlpal addr•ss 29 Eauth Promenade Newcastle Co. Down Northern Ireland BT33 OEX Rè¢l$¢èMd ofh¢• 29 South Proménade Newta$tle Co. Down Northern IrelBnd BT33 OEX lthdèpend•nt •xamln•r Moore Braniff 2 Beechlll Busines9 Park 96 Beechill Road Beltsst BTS 7aN Ulster Sank 11- 16 Done8all Square East Bella5t BT15UB

GLENADA YWCAIYMCA LIMITED CONTENTS P*Ae Trustees, report Staternent of trustee5' re5ponsibilitie5 Independent examiner's report siatèmènt ol linantial activilits B313nce Sheet Note5 to the financial statements 7-12

GLENADA YWCAIYMCA LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their report together with the financial 5tatemenrs for the year ended 31 March 2023. The financial statement5 have been prepared in accardance with the accounting policies set out in note I to the financial 5tatementS and cornply wiih the chariiy's governing document, the Companies Act 2006 and the Starement OT Recornmended Practice, Accountln8 and Reportin8 by Charities" 155ued ID M3rrh 20Cb and in arrordance with FRS 102 "The Financial Rpponin8 Standard applicable in the UK and Republic of Ireland" I'FR5 102.1. Siiice the ionipany qualifie5 small under the sectlon 382, the strategic report required of rnedium and large companie5 under the Cornpanie5 Act 2006 IStrate8ic Report and Directors REPOltI Re8ulations 2013 15 not required. Objectlves and activltSe5 The carnpan) 15 principalty engaged to further the aim5, objects and work bEin8 charitable al the YWCA of Ireland and theVMCA in Ireland. Durin8 the past yearthe rnain activities of the company continued ro be undwtaken by Greenhill YMCA tDok over r?SPOn51billty for the accomrnodation to add additlonal capaity to their existin¥ 5ervires In Newcastl•, Re¥lew of a¢tlvllles Since its inception this prDperty has been used by the YWCA as a centie lor Christian witness, teaching and fellowship. Throughout tne years Glen)da has coniinu4lly adapted 10 meet the needs of each new 8eneration and many pegple in Northern Ireland an¢ further afield have special fflernories Df their experience. Achlev•m•nt5 and p•rfofm•nc• Greenhlll YMCA continve to oper¥te the facllity. Flnan¢lal revl¢w Golng concern After maklngappropriate •nquirles, the trusttes hav• a reasonable •xpedation that tht company has adequate résourc•s to Continue in operational existence lor the loreseeèble future. For this reason ihey coniinue to adopt the goingcon¢ern basls in Freparing the financial statements. Furihel detai￿ regarding the adoptior￿ of the going concern bèsis can be found in the Accountin The results for the year are set aut In the attached flnancial statements. The partner5hlp wlth Greenhill YMCA re5trirted the Charlty'5 abllity to col eci fund5 Inthe year. Structur•. 8ov•rn4nc• •nd m•n•8¢ment Consiitutlon The charity 15 a ¢¥mpany Ilmlted by guarènte¥ and w)5 Set up by a M¢moiondum of A55Q¢latlon 51n¢e Its In¢orpuratlun unthe l Aprll 1990. The charity is regislered in Norihem Ireland under number N1025440. The cornpany is reslstered as a tharity wlth the Charity Commlssion underthe reglstratlon number IOS102-0 and actepted by HMRC •5 3 charity under the reference XN48517. The charity'5 address is Glenada YWCA/YWCA Limited. 29 South Promenaae. Newc3sde, Co. Down, BT33 OEX, Noithern Ireland. This Is also the company'5 re8lStered office addrÈss.

GLENADA YWCAIYMCA LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 The trustees, who are also the directors for the purpose of ccrnpany law, and who &erved during the year wera: Mr W McC311 Mr K H Baxier Mr C C)ughev Nfjr5 S Caughey Mr R MIBride None Df the irustee5 have any benefi.ial interest in the company. All of the trustees a￿ rnembe￿ of the company and guarantee to contrlbute £1 in the event of a winding up. A5 required on an Bd hoc basi5 the trustee5 di5C115S the appointment ol potential new trustees lorappointment to the board, itable people are approached to represent YWCA or YMCAand if they are willing to serve on the board their nomination is put forward for approval by the board. These names are submirted to YWCA for r3tilic3tion and cannot be appointed until approval from YWCA Is received. Sirnllarly those w15hlng to represent YMCA on the board must firstly allow their names to be forwarded to YMCA Central Commiiiee for ratifi¢atlon and Cannot be appointed until perrnlssk)n from YMCA Is received. The board of trustee& are re5ponslble for all a5pect5 of corporate governance wlthin the company. They meeta rninimum of four tIMe5 a year lo define and a8lEe 5tr3tE8lC priorities lor the charity, rnonitor pro8re55 review the re5curces available t0 5usialn the company. The day to-day runnin8 of the chèrity is carried out by the General M3n38er. The new Developmenr Managerl Op•ratlons Manager who took up post In November 2018 was found to bt unsuitable lor the role and was dlsn)Issed In Aprll 2019 tefgre the end of thelr probitlonary term. The board continue5 to regularly ￿VIeW any major risk5 arisin8 from or impactin8 on the 4Ctivitiesof the chèrity. The Trustee5 are satlsfied that ihe major r￿kS Identifiéd have been adÈquatÈly mitigated where netessary and conslder that the financial systéms and ¢ontrols In plèce are approprlate to the size of the charity and the nature of it5 oper3tions. A form31 r15k an31y515 covering all areas ¢1 the sy5tern5 15 in the proie$5 01 continues to be carried out toenable the board to better identify and implement reporting and contrals lor relevant risk5, The tru5tees' report W35 approved by the Board of Trustees. Mr R Mc8rlde Trustee Dated.. 9 July 2023

GLENADA YWCAIYMCA LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The trustees. who are also the directors of Glenada YWCA/YMCA Limited forthe purpose of company law, are responsible for preparing thÈ TrtssteÈs' Report and thÈ flnantial statements In atcordantÈ wlth applicable law and United Klngdom AttLuntln8 Standards IUnitÈd Kingdom tsenerally Accepred Accounting Practice). Company Law requires tFe trustee5 to prepare financial statements for e3ch financial year which give a true ancl fair view of the stste or affairs of the charity and ol the incoThin8 re50urces and application of re50urce5, includin8 the income and exper)diture, of the charitable mmpany for that year. In prepzring these financial statements, the trustees are required to.. -select suitable accountln8 policie5 and then apply thern CDnsistentlv', obsérve th• n)èthods and printipl•s In thè Chèritiés SORP,. - make judgements and estimates that are re350nable and prudent. State whether appllcabl? UK Accountlng Standaids have been followed, Subject to any material departures disc105ed and explalned In the financi81 sraiements., and prep8re the Ilnancibl statements on the 8oln8 concern basis unles5 it Is IDapproprlate to presume that the charhy wlll contlnue cperation. The trustets are responslble for ke•plng adequat• accountlni recerds that dlsclose w th r*asonable accuracy at any time Ihe flnan¢l21 F951tion of the charity and enable them to ensure that the fI￿n(la1 statements compty wilh the Comp3nies Act 2006. They are also rEspof15ible for saleguarOin8 the assets of the charity and hence for taking reasonable steps for the prevention and detection cl fraud and other irregularities.

GLENADA YWCAIYMCA LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLENADA YWCAIYMCA LIMITED I report to the trustees on my examination of ihefin3ncial statements of Glenada YWCA/YMCA Limited (the chariiyl for the year ended 31 March 2023. Respon5iblllties and ba515 of report Ihe chariry's trustees are responsiblefor th? preparation of the accounts. The charity 5 trustees conslder that an audit Is not required for this year under sertlon 65131 of rhe Charlties Act INI) 2W8 (the Acil and that an Independent examlnatlon Is needed, Havin6 5at151ied tnyself that the finan.ial 5tatetnents ol the charity are not required tu be audited under PaTt 65131 cf the 2008 Act and are eli8ible for inLlependent examination, I reporl in respect of my examination of the charity's financial statements carrieLI out under sectlon 65 of the Charities Act 2008 Ithe 2008 Ac11. In carrying out my examinètion I havÈ followed all the app icable Direcilons given bv tht Charlty C)n)mission undér seetlon 65191 of thtr 2008 Act. Ihdependeni examlner'$staiement I have complèted my ex3*ination. I cornfirrn that no rnatters have com• to my attention In connection wlth ihe examination 8lvlng me cause to belleve that In any rnaterlal respect.. accounting record5 were not kept iii respect of the charitv a5 required bv the 2008 Act,. or the finincial 5tatement% do not accord with those recgrds.- or the fin2nclal 5tatement5 do not comply with rhe accounting requirements of the 2008 Act other than any requirement that the ¢¢ount$ give a irue ènd falr view which Is not a matier Considered as part of an independent examinatlon., or the linaniial 5faternent5 hève not been piepared in accordance with the rnethods and principle5 01 the Statement ol Rgcomm@nd@d Practic@ for accoLJnting and rpportinE bip charitlPS 3pplicabl@ to charities preparing thgir accounts in accordance wlth tht Flnancial Repertlng Standard applicabli In the UK and Republic ol Irelènd IFRS 1021. I have no concerns and have come acr95s no other matter5 In connectlgn wlth the eKamination towhlch ?tientlgn should be drawn In this report in order to enable a prcper undEf5tanding gl the hnèncial 5tatement5 to be leached. Moore Branlff 2 6eechill Busines5 Park 96 eeechill Road BT8 7qN Dated.. 9 July 2023

GLENADA YWCAIYMCA LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unre5trtaed unresiriued fund5 funils ZOZ3 2QZ2 Notes 1ncome from.. Investmènts 134 nditure on.. ( r)sts of eneratln Incorne 15.875 54.824 Net expenditure lor the ye•rl Net movernent Sn lunds 115,7411 154,8191 Fund balancts at l April 2022 1,066,497 1,121.316 Fur*d ￿1•￿¢•$ * 31 M•r¢h 2029 1,050,7S6 L,066.497 The statement of Ilnantial actlvltles Includes èll 841ns and losses re¢ogNls•d In thi year. All income and expenditure derive from continuing activities. The Statement of financial activities ilso complies with the requirement5 lor an income and expenditure account under the Companies Aet 2006.

GLENADA YWCAIYMCA LIMITED BALANCE SHEEr AS A T 31 MARCH 2023 2023 2022 Notes Flxed assets Tangible assets 1,018,264 1,033.373 Cash at bank and In hand 33.785 33,667 Credltors.. amoun1$ falllw due wlthln one year io 11,2931 15431 Net currenl èsseis 32,492 33,124 Total 155ets IE55 current Ilablllt1•5 I,D5a,756 1,066,497 Income lunds Unrestricted lund5 I,DSO,756 1,066,497 1.050.756 1,066.497 The Company is entltled t¢ the ememption from the audit requirement ¢onralned In section 477 of the Comp?nie3 Act 2006, for the year ended 31 Marrh 2023. The director5 acknowled8e their re5PDn5ibilitie5 for cofflplyin8 With the requirements of the Companies Act 2006 with respect to accounting records and the preparatiDn of financial sratement5. The members have not required the company to Jbtaln an audit of Its financial statements for the year In question In accordance with 5ectlon 476. These financial statetnenls have been prepaiEd in aicordance with the provislQn5 applicable to ccmpanie5 subject to the 5tnall companies regime. The finan¢lal statements were apprm'ed by the TIu5tees c)n 9July 2023 Mr R M¢Bride Trustee Company re8lstratlon number N1025440

GLENADA YWCAIYMCA LIMITED NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountin8 pollcles Charfrty informatlon Glenada YWCA/YNIcA Llmited Is a prlvate company Ilmited by 8uarantee Incorporated In Northern Ireland. The re8lStered offlce 15 29 South Promenade, Newcasile, Co. Down, BT33 OEX, Northern Ireland. Ll Accountlng con¥entlon The financial statements have been prepared in a¢torlan¢e with the chority's Igoveming do¢uMenil. the Cornpanles Aci 2006, FRS 102 Yhe Financial Reporting Standaid applicable in the UK and Republic ol Ireland" I'FRS 102,1 and the Charit￿5 SORP 'Accountin6 and RepDrtin8 by Charitie5'. Statetnent of Recomrner)ded Practice applicable to Iharitie5 preparin8 their acrDunt5 In accordance with the Financial Reporting Stand3rd applicable in the UK and Republic of Ireland IFRS 1021" lelfective l January 20191. The tharlty Is a Public BÈnetit Entity as defined b¥ FR5 102. The charity has taken 3dvantage ol the provisions in SORP lor charitie5 not to prepare B 5titement of Cash Flows. Th financial sratements aro prepared In sterlin8, which Is the luncrional currency ol the charlty. Monetary amounts in these flnanclal 5tatement5 are rounded to the nearest £. The financial staternents have been prepared under the historical c05t convention. (modified to include the revaluation of freehold pioperties and to Include Investrnent properries and certèin flnancial Instruments ai lalr valuel. The principal accountln8 policies èdopted are Set out below. L2 Goir8 COn￿rTh Al the time ol approvin8 the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adDPt the going concern basis tst accounting in propèrln8 the flnanclal statem•nts. L3 Charlt•bl• funds Unrestricted funds are avallable for use at the dlscretlon ol the trustèes In lurtherante ol rhelr charitable objectlves. Re5tri(ted funds are subject to specific conditions by d?nors a5 to how they rnay be used, The purposes and use5 01 the restricted funds are set out in the notes lo the flnanc131 statements. Endowment funds are subjéct to speclflt condltlons bydonors thatthé tapltal must be malntalned by th• charltv. L4 In¢ome Income Is retognised when the charlty Is legally entitlèd to It atter any performance conditions have been met, the amounts ran be mèasured reliablyi and it is probable that Intomè will bè received. Cash conation5 are recDEni5ed on receipt. Other doniliDnS are recognised once the chaiity ha5 been notified of the donation. unless performante conditions require dÈfÈrrÉl of the amount. Income tax recoverable in relation to donation5 recÈived under Gift Aid or deeds of covenant 15 re£o8nised at the time ol the donation. Legacies are recognised on receipt or otherwise if the charity has been noiified ol an impendin8 distribution. the amount is known. and receipt is expected. If the amcAJnt is nor kriown, the legacy is treared as a contingent asset. Income and expenses are included in the financial staternents as Ihey become receivable o. due. Expenses exclude dAT where applicable asthe company is registered lor VAT.

GLENADA YWCAIYMCA LIMITED NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Ac¢tsuntln8 policie$ Icontinuedl L5 Expendliure Expenyiture is accounted lor On an accruals ba$15 and ha$ been classified under headlngs that agÉreg¥te all cost relèted to the ategory. Where c05t5 cannot bE directly attributed to particular headinES they have been alloiated to acti¥itlE5 on a ba515 con51Stent with the use ol resources. L6 Tan8lble fbxed a55els Tangible lixed a55et5 are initially rneasured at C05t and 5ub5equently measured 31 cost or valuation, net of depreciatlDn arid any impairment losse& Depreci3tion is recognised so a5 to write off the cost or valuation of assets less their residual values over Iheir useful lives on the lollowlng bas•s'. Land and building. Plant and machinery Flxtures, fltllngs & equipment 2% strai8ht line straight line 33.3% strai8ht line The Eain or10$5 arising on the di5P05al ol in a$5et is determined a5 the difference between the Sale proceeds and the Caiiying value of the asset, and 15 recognised in the ststement of financial activities. L7 Impalim•ni olllx•d ass•ts Ar each reportin8 end clate, the ch&rl¢y rewlews ihe cairyin8 amounts of its ian8lble èsse15 10 determlne wheiher ihere Is anv indication that those asset5 have suffered an irnpairrnent1055. If any such indication exist5, the recoverable arnount ol rhe a55e1 IS esiimated In order to determine the extent of the Impairment loss lif anvl. L8 Cash and cash eouivalents Cash and cash equivalents include Eash in hand, dep051ts held at call with banks, other short-term liquid investment5 With original maturltles of three months or less, and bank overdrafts, Bank everdrafts are shown wlThln borrowings In turrenT liabllltles. 8¢$1¢ Jln4ndt71 ossets Basic lirtantial assets, which includè dtbtors and tash and bank balancès, arè ihitially mÈasurÈd at transattion pritÈ including tran53CtlQll CQ5t5 ènd are 5ub5equently cirried at amorti5ed 105t 415ing the elfeitive interE5t wethcd unle55 the irr4ngetnEnt con5ti-.utes a fina￿1￿8 transaction. where the transaction is measured at the present value ol the future receipts discounted ata market rate of interest. Financial assets classified as receivable within one year are not Imortised. Boslcjlnonclul Ilobllltles Ba51c lir)ancial liabilities. includin8 creditors and bank loan5 are initially recognised at transaction price unless the airangement consti-.uies a fin3￿Ing transaction, where the debt insrrument is rneasured at the presenr'ialue ol the future payrrient5 d15counted at a mèrket rate of Interest. Financial Ilabillties cla5slfied as payablewithin one year are not amortlsed. Debt in5trurnents are subsequently carried at amort15ed CD5t, U5inE the ellective inteie5t rate method. Trède creditor5 are DbligatiOn5 to pay for goods or serk'ices that have been acquired In the ordinary course of operatlOn5 from supplièrs. Amounts payablÉ arB classifled as current liabllitigs IF payment is duÉ within onÉ year or lÈss. If not. they arè prÈs@nted as nor-current liabilities. Trade creditors are recognised initlally at transactitsn price and subseouenily measured at amortised cost using the effective Interest method.

GLENADA YWCAIYMCA LIMITED NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Ac¢tsuntln8 policie$ Icontinuedl Dere¢oonrtion olfinan¢ittlliabilities Financlal liabilitie5 are dereco8ll15ed when the charitW5 contractual obli￿tionS explre Of arè di5charRed or Cancelled. L9 Empl¢)yee beneflts ThE C05t ol anv unused holiday entitlernent 15 reioEni5ed in the period in whiih the ernplo¥ee's SErvice5 are received. Termination bÈnefits are recognised Imrnediately as an expensÈ whon the ¢harit¥ is demonstrably committed to terminate the employment of an ernployee or to provideterminatlon benefit5. Crltlcll •ctountln6 •stlm•tes ind lud¢•m•nts In the application ol the charity'5 accounting policie5, the tru5tee5 are required to make judgements. estitnates and a55UnlPtIDn5 abDUt the carryin8amounT of assets and113biliiies that are not readily apparen-. from Dthersource5. The esrimates and associared assumptions are bag@d on hlstorieal eKperience and other factors that are cOn￿dered to be relevant, Actual results may differ from these e5tlmate5. The estimates and underlying assumption5 are reviewed on an ongoing basis. Revision5 to accounting e5timate5 8re recognised in the perlod In which the estimate Is revised where ihe ievlslon affects only ihai period, or In Ihe period of the revlslon and future periods where the revision affect5 both current and fuiure period5 Inve51ments Unrestrlcted Unrestrlcied funds funds 2023 2QZZ Inter•st recelvablé 134 Charbtable actlvbtles Charitablè Expenditur Heading I 20Z3 Charitablè expenditur Heading I 2QZ2 Depreciatlon and Impairmeni 15,109 15.109 Share of support costs (see note 51 Share of governance costs (see note 51 38,965 750 766 15,875 54,824

GLENADA YWCAIYMCA LIMITED NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Support Costs Support ¢osts GoveMan¢e costs 2023 2022 B8$1$ of allocatlon Staff CDSts 437 Insurance 3,833 Operational cost 32.397 Operational cost 978 Operational cost 912 Operational cost 88 Oporational cost 320 Operational Cost Repairs and mèlntenance Telephone and fax Legal and professional Bank charges Computer costs 16 16 A¢count3ncy 750 750 750 Governance 750 766 39,715 Analysed berwÈen 766 766 39,715 Goveriance COSt5 include5 payment5 to the auditors of £O.CQ12022- É0.001 lor audit fees. Trusteès None of the trustees lor any persons connected with theml recenied any remuneration or benefits from the charity durln8 Ihe vèar. Employtts ThErewere no ernployee5 durin8 the yeai. Ernployment costs 2023 2(22 other pension co5l5 437 Taxatlon The charity is exempt from taxon ir)come and 8ain5 falling within spction 505 01 the Taxes Act 1988 or section 252 of the Taxatlonof Chargeable Gains Act 1992 to the extent that rhese are applled to Its charitable obietts. 10-

GLENADA YWCAIYMCA LIMITED NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 TahRlble flxed asseis Land and bulldlngs Plant andFixturè¥ fittings m¥¢hlnèry Toial Co$1 At l Aprll 2022 1,403,067 31,327 177,957 1,612,351 At 31 March 20Z3 1.403,067 31,327 177,957 L,612,351 DEpreiiation and ifflpairment At l April 2022 Depreciaiion charged in the year 372,129 14.432 29,480 177,369 369 578.978 15,IDg At 31 Mèrth 2023 386,561 29,788 177,738 594,087 Carryln8 amount At 31 March 2023 1,016,506 1,539 219 L,018,264 At 31 March 2022 1,030.938 1,847 588 L,033,373 Creditur5: omounl$ lalling due within oneyear 2Q23 2QZZ Other t¥Mation and sotlal 5e¢uilty Other creditors Accrual5 and delErred incorne 16,5711 I,ioo 6,764 16,5711 7,114 1,293 543 11

GLENADA YWCAIYMCA LIMITED NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Contlnzent liabllity The Board al Tru51ee5 Wlsh to disclose detai15 of a grarrt receipt below which while not a liability of the charity requiring disclosure on the financial siatements. IS Considered a coniingent liability wilh an extremely rernote chhnce of becoming a liabiliiy In the future. The detai15 of the grant are.. In June 1996 the ciarity re¢ei¥ed a grant of IR500,1XIO from the YWCA of Ireland to fund it'$ 8eneral operation and to assist with the cost of upgiadin8 it'5 facilitie5 at tlie tinie, this wa5 rElea5ed to Ilie profit and loss aciount. At the 31 March 2018 the sterliiig value ol thi5 grant 15 f 559,899. The grant wa5 provided on a non refundable ba515 but 15 repayable if the followin8 covenant5 are breached..- • The company SiEnilitsntly reduees It's operations,. or The companv cease5 It's opeiaiion% on a oermanent ba$15,' ?r The carnpany cease5 It's operations as an Educational, recreational, conference and holiday centre at any stage in the future for a period exceeding 2 years,. or The company operates in a manner wholly or 5ub5tantially inconslstent wlth the aims oblect5 and work of the YWCA. Any required repayrnent with have preference and lank ahead ol the geneial distribution to the YWCA and YMCA. As the board ol trustees have no plans or intention to change the future dIreCt￿n ol the company they therefore consider the requirèment to repay the grant as extremely remote 3nd therefore have disclosed this contln8enr liabillty in the notes to Ihe accounts. Related party tran5artlon5 There were no dlscl95able related party tr?nsactlon5 during the year12022- n¢nel. 12-

This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.