Charity reglstration nurnber NIC1 D8249 Company reglstratlon number N1643709 (Northern Ireland) LONDONDERRYYMCA LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 LONDONDERRY YMCA LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Robert Dunn Adrian Johnston Gillian Simpson Loma Some(s Andrew Tate Joseph Montgomery Raymond Murray {Appointed 2S Aprtl 2023) Secretary Lisa Dunn Ch•r5ty number NIC108249 Company number N1643709 R•gl•tered offlc• 51 Glenshane Road Londondeny 8T47 3SF Independ•nt •x•miner PFS & Parb)ers 16 Main Street Limavady BT49 QEU Bankors Danske Bank Small Business Donegal Square Vlest Bewast BT1 ￿s LONDONDERRY YMCA LTD CONTENTS Page Trustees, report Independent examiners rèport Statement of financlal aclivllie$ Balance Sheet Notes to the financial stslements 7-17 LONDONDERRY YMCA LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial $Wements for the year ended 31 March 2024. The financial statements have been p￿Pared in accordance ￿ the accouniing policies sel out in note 1 to Ihe financial statements and compty with the charity's Igoveming documentl, the Companies Act 2006 and "Accountlng and Reporting by Chariknes-. Slatement of Recommended Prnctice applicable to chartties preparlng thelr accounts In accordance with the Financial Reporllng Stand8rd applicable in the UK and Republlc ol Ireland IFRS 1021" (effective 1 January 2019). ObJ•ctlvos and actlvltles The objectives and aclivSties of the charity, as set out in the govemlng document, are as follows,. To Ifemonslrate God's love Ihrough action in l¢)cal communities by promoting youth development, pronvJting healthy Ilving and promoting community engagement. Accordingty the Objects of the Londonderry YMCA are". To provide or a5SlSt in the provision of education. for people of all ages and in parU¢ular young people, with the obled of developin9 their physical. mental or spirbtual capacitles. To promote healthy Itvlng Includlng emotional and mental wellbelng through the provi8ion of Infornialion. education and aclivlties. To promote community enoagement and cilizenship, for young people. their familles and other adu115 for the purpose of family support. communty relations 8nd active citizenship. To relieve or assisl In the relief of need experienced by people of all ages and In partlcular youn9 people. who a￿ In conditions of hardshlp or distress by reason of their sodal, physlGal, emotional, splritual or èconon￿c clrcum8tance8. Maln Actlvlt Londonderry YMCA runs Educatlon Authority-funded youlh facllities attoss multiple areas, including Drumahoe, Tultyally. Currynierin. Lettershandoney, and Eglinlon. Our presence In local schools, particularfy Sn areas of high deprivallon, allows u5 lo offer lailored pro9rammes. Additionally. the Association secures funding lo address Issues such as mental health and environmental concems. Summer 8Ctivllse8 a￿ offered at a reduced cosl, and throughout the year, leadership and volunteer development programmes support members and the wider communlty. Publi¢ benefi¢ The trustees have paid due regard to guidance iv4ued by The Charity Commlssion for Northem Ireland in de¢Kllng what activllles Ihe chaiity should undertake. A¢hl•vem•nts and perfornian YOUTH ACTMTIES - This was another busy year for young people. with 8 variety of programmes engaging and challenging them in a fun. fTlendty ano sale environment. The Education Authority funded programmes allows u$ to engage with young people across 5 geo9raphic81 are88. Inc4uding the introduction of 2 rur81 communib•s, from primary 5 up. Engaging in a variety of trips, residentials, lomal and infomal tr8inlng and project work. Securing fundlng from other sources induding the Asda Foundation and Halrf8x Foundation to enhance the summer prograrnmes MENTORING - Vlfjth fundlng received from the Brib'sh Sdence As50ciatton and delivered by the Ideas Fund. in partnership wth Ulster Unlverslty. we ran a one to one girls mentoring programme. Researchers from Ulster Unlversity will produce a research piece which will be used lo infomi future one to one mentorlng programme$. DEVELOPMENT - Our slrategic priorities continue to shape our operalions, with key fundlng secured from NIE Networks for a new website, Derry Cty and Slrabane Districl Counul lor ptanning building improvements. and from National Lotlery Community Fund the e￿atiOn of a Chill Out Room, a safe space for emotional and beh8VIOUTal supporL LONDONDERRY YMCA LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnan¢lal revlew In response to rising running costs and incxeasing competition for grdnts. Londonderry YMCA continues to focus on diversifying its income streams. while remaining heavity reliant on Education Authority funding for core yO￿h actlvilles. Unrestricted Income from facility hire provbjes some support, but ongoin9 efforts to secure additional funding remain ¢riti¢al. Funding 1$ also secured from a variety agen￿eS indudlng Britssh Science Assodation. Bwes. Oerry Cty and Strabane DSstrict Council, Halifax Foundation. National Lottery Community Fund, Northem Ireland Electrscity, Policing and Community Safety Partnership RAPID, The King George Fund and Waterside Nelghbouthood Partnership which allLWlS us lo run additional programmes to athle¥e our obiectsves and conlribute to the increased running costs of the facilrty- The association Is situale¢J on a 20 acre site a two storey, 500 Sq metre building and a 300 Sq Metre Hub, whlch makes up the majorlly of Ihe v￿ue of our assets. The associalion generales some unreslricled Income from the hit of its fadlities lo other community groups. Flnancial stalements are produced Independenty by PFS and Partners based in Llmavady. ReseTh8s policy The assodallon alms to hold In reswve¥ equivalenl lo a minlmum of three months op8ratlonal costs and maximum of 24 months opernllonal co$ts, to cover cosls rf funding lo the associatlon Is wilhdrawn. ReseNes rem8in dlfflcult to accumulate wth budgets conllnualy being squeezed and Ihe association coverlng the Inueased rL¢nnlng costs. The value hehl in ￿Se￿&S £0. Structure, govomanc? and m•nag•m•nl Londondery YMCA Limlted Ltd is govemed by a memorandurn of Assodatlon adopted on 30th June 2018. The organlsation is controlled and directed by a board of directois currentty made up of 7 members. In the year we had one appolnlmenl to the board. The trustees. who are also thè dlreaors for Ihe purpose of Company law, and vtho served durlng the year and up lo the dale of Signatu￿ ofthe finandal st8temenl$ were.. Robert Dunn Adrlan Johnslon Gillian Simpson Loma Somers Andrew Tale Joseph Montgornery RaynKind Murray (Appoinled 25 Aprll 2023) Recwitment and appointment ol trustees The General Secretary Is appointed to run the daity acllvbtles of Ihe organisalion and reports lo the board of director8 at monthly meetings. The quorum for a meeting is 3 or one third the total number of directors. LONDONDERRY YMCA LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The truslee$' report was approved by the Board of Trustees. GiS1i8n Simpson Trustee rew Tate Truste• S Nov8mbe 02 LONDONDERRY YMCA LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LONDONDERRY YMCA LTD I report lo the trustees on my examination of the financial statements of Londonderry YMCA Ltd (t￿ charity) for the year ended 31 March 2024. Responslbllltles and basls of report As the trustees of the charity land also its directors lor the Pufposes of compafty law) you are responsible for the preparation of the financi81 slatemenls in accordance wth the requirements of the Companies Act 20(6 (the 2006 Acll. Having $8tlsfltd ryself Ihat the finan¢lal ststements ol the charity are not requireil to be audit￿ under Part 16 of the 2006 Act and are eligible for independent examinatlon, I report in respect of my examinatr'on of Ihe Gh8rtty's financial statements ￿rrIed out under section 65 of the Chanties Act (Northem Ireland) 2008 (the 2008 Act>. In carrylng out rny examinatson I have followed all the applicable Directlons given by Ihe The Charity Commlsslon for Northern Ireland under seclion 65{91{b) of the 2008 A(L Indepondonl examlnerfs $tatom•nt Since the chanty's gross income exceeded £250.000 your examiner must be a member of a body listed In 6eclion 6519}Ibl of the 2008 Act. I confimi that l am qualified to undertake the examination because l am a member of the Assoclation of Chartered Certified Accounlanls. which is one of the listed bodies. I have completed my examinatlon. I confim Ihal no matters have come to my attenllon In connaction wSlh the examination glvlng me cause lo believe that in any material respect-. 8¢counllng records were not kepl in ￿SpeCt ofthe tharty as requlTed by sectlon 386 of the 2008 Act., or the flnancial stalements do nol accord Vlith those records., or thè financial slatements do nol compty with Ihe accounting reqU1￿mentS of sectlon 398 of the 2006 Act other than any requlrement that Ihe accounts givé a twe and fair vlew which 1$ not a matter con8idered as part of an independent examlnalion., or the fin8nclal slatemenl$ have not been prepared In accordance wlth the methods and prlnciple8 of the Statement of Recommended Praclice for accounting and reportin9 by charilies applicable to charltles preparing Ihelr accounts In accordance vllh the Financial Repor￿ng Standard appllcable In the UK arxl Republic of Ireland (FRS 102). I have no concems and hove rAme across no other matters In connedion ￿ryth the examlnatlon to vthlch attention should be diawn In this report In order lo enable a proper underntsndlng of the finandal stslem8nls lo be ￿0¢hed. PE S L ethcFAt(S PFS & Partn•r• 16 Main Slreet Limavady BT49 OEU Dated". S November 2024 LONDONDERRY YMCA LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restrlcted funds funds 2024 2024 Totsl Unrestrlcted Reslrlcted funds funds 2023 2023 Total 2024 2023 Notss In¢ome and endowments Irom: Dt)nalions and le9a¢ies Other tradin9 adivbtles Investments Other in¢omo 2.723 47,478 4,200 27.049 352,912 2.313 355.835 49.791 4.200 27,049 3,048 42,702 4.200 31.011 338,215 676 341,263 43.378 4.200 31,011 Total Incom¢ 81,450 355,225 436,675 80.961 338,891 419,852 Exp•ndltur• on: Ralslng funds Charitable activities Olher expendblure 1,345 158.024 4.774 1,345 489.650 4,774 331.626 120.091 6,509 323,617 443.708 13 Tot•1 •xpendlture 184,143 331.826 495,789 126,600 323,617 450,217 N•t Ineom•ll•xp•ndltur•) (82,693) 23.599 (59.094) (45,639) 15,274 {30,36S) Transfers befvleen fvnds 4,256 14,256) 20,651 120,6511 Net movement In fund• 10 (78,437) 19,343 {59,094) (24.988) (5,377) {30,365) Ro¢onclll•tlon of funds: Fund balances at 1 April 2023 1,025,759 24.300 1,050.059 1.050.747 29,877 1,080,424 Fund balances at 31 March 2024 947.322 43.643 990,965 1.025,7S9 24,300 1.050,059 The statement of financial actI?￿tIeS inC￿deS all gains and losses recognised in the year. All Income and expenditure derive from contlnuing 8Ctivilie8. LONDONDERRY YMCA LTD BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assels 16 994,386 1,022,089 Currnnt auets Stocks Debtors Cash at bank and in hand 16 17 391 22,807 59.987 16.868 50,843 67,895 83,185 Credltors: amounts falllng due wlthln one year 19 (57.939) (32,5281 Net current 48i•ts 9.956 50,657 Totsl ••••ts l•1• current Il•b11511es 1,004.342 1,072,746 Credltorn: amount• falllng du¢ aft•r more than on• year {13.3771 (22,6871 N•t 4u•ts 990,985 1,050,059 Th• funds ot th• ¢h•rlty Restri¢ted Income funds Unrestricted funds 21 22 43,643 947,322 24,300 1,025,759 990.965 1,050,059 The company18 entliled lo the exemption from the audil iequiremenl contslned in section 477 of Ihe Companies Act 2006, lor the year ended 31 March 2024. The dlrectors acknowledge Ihelr responslbilitie3 for complyhg with the requ7￿ments of the Companies Acl 2008 wilh faspect to accounting records and the PTeparaUon of ffinancial Stalements. The members have not required the company to oblain an audlt ol Its finandal slatements ftjr the year In questkjn in accordance ￿￿th $eclion 476. These financial statements have been prepared In accofdanc£ with the provisions applicabk to companles sublecl to the small companies regime. The financial Statements were approved by the trustees on 5 Nove ber 2024 Gillian Simps Trustee Andrew Tate Trustee Company re ion number N1643709 (N(rth￿n Ireland) LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JI MARCH 2024 Ac¢ountlng poll¢les Charity Infomiatlon Londonderry YMCA Ltd 15 a private company limited by guarantee incoTPOTated in Northem Iieland. The registered office is 51 Glenshane Road. Londonderry. BT47 3SF. 1.1 Accounllng conventlon The financial statements have been prepa￿d in accordance wilh the Charity's Igoveming documenll. the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and th8 Charitie$ SORP "Accountin9 and Repo￿ng by Charitses: Stalemenl of Recommended Practice applicable to charlties preparing thelr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 1021" (effectrve 1 January 20191. The chadty Is a Public Benefft Enbty as defined by FRS 102. The charlty has taken advanlage of the provislons In tho SORP lor charities not to prepare 8 stat￿Ment of Ca8h Flows. The financial statements are prepared In steTllng, which Is the funct￿)nal ¢ufren¢y ol the charlty. Monetary amount5 In these financ￿1 slatemenls are rounded to the nearest £. The flnanclal slalemènls have been prep8Ted under the historkal cost conventlon. The prfncApal 8¢countlng poll¢les adopled are 88t out below. 1.2 Golng concem At Ihe Ilme ol approving Ihe fln8ncial 8lalements. the trustees have a rea80nable expeclalion Ihat the tharily has adequate resource5 to continue in operational existence for the foreseeable future. Thu$ the Intstees contlnue lo adopt Ihe goln9 concem basis of accounting in preparing the finanaal statements. 1.3 Charlt•tsle lund• Unrestricted fvnds are avallable lor use at the dls¢retlon of the truslees in furtherance of their ¢harttable objectlves. Restricted funds are subject lo specific conditlons by donors or grantors as to how they May be used. The purp08e$ and use$ of the restn'cted funds are sei out in the note8 10 the fmandal $t8temenl$. Endolwnent fund5 are subj'ed to spedfic ￿ndItIOnS by donors that Ihe capital must bè mainlalned by Ihe charlly. 1.4 Ineom• Income Is recognised Nthen Ihe tharity is legally entitled to il after any perfomiance condition$ hav6 been mel, the amounts can be measwed reliabty, And it is prob3ble Ihat income wll be received. Cash donations are recogrM8ed on receipt. Other donations are recognised once the tharity has been nolified of the donation, unless perf0m￿nCe conditions require deferral of the amount. Income tsx recoverable In relation to donations received under Glft or deeds of covenant is recognlsed at the lime of the donation. Legaaes are recognised on receipl or otherwtse rf the charity has been nottfied of an impending distribulion, the amount Its known. and receipt is expeded. If Ihe amount is not known. the legacy is treated as contlngent asset. LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AeeountlThg polleies (Continuedl 1.5 Expendltur• Expendrture is recognised once there is a legal or constructive obligatson to transfer economic benefit to thlrd paty, It Is Probable that a transfer of economic benefits will be reguired in 8etUernent, and the amount of the obligallon be measured reliabty. Expenditure is dassrfled by advty. The costs of ead) actiwty are made up ol th8 total of di1￿1 costs and shared costs. induding support cost3 involved in undertaking each actrvity- Direct costs attribulaL4e lo a single activity are allocated direct￿ to that activty. Shared costs which contribute lo more than one aclivity and support costs wthich are not attrlbutable to a single activty are apportioned befv￿en those activilEs on a basis consistent with the use of resources. Central stsff cos1$ are allocgted on the basls of tlme spent. and depreciation charges are allocated on the portion of the asset's use. 1.6 T•nglble Ilx?d a88•ts Tangible fixed assets are inrtialty measu￿d at cost and subsequenlty measU￿d at cost or valuation, not of depreaation and any irnpairment losses. Depreciatlon is recognlsed 50 as lo write off the cost or valuation of assets less their resldu81 values over their Useful lives on Ihe fokn*lng bases: Freehold land and bu4dlngs Equipment Motor vehlcl88 2% stralght Ilne 15% reducing balance 15% redudng balance The gain or loss arlslng on Ihe disposal of an asset Is detemiined as the drflerence behyeen the 8ale proceeds 8nd the carrylng value ol Ihe asset, and Ss recognlsed in the statemenl of flnandal octiwtl&8. 1.7 Impalrnent of fixed assets At each reportlng end dale. the tharity reviewg the canying amounts of lis tangible assets lo detemine whether there is any indlcation that those a$5els have suffered an Impalmient loss. It any such indutlon exlsls. the recoverable amount of the a$sel is estimated in order to determin8 the exlenl of Ihe impairment 1088 {if any). 1.8 Stock¥ Stocks are stated * ihe lower of Gost and e$timaled selling price less c06ts to complele and sell. Cost comprises direct materials and, where applicable. direcl labour costs an¢J those overheads that have been incurred in bringlng the stocks lo their present localion and condition. Items held for dislributson at no or nomin81 ¢on$ideration are measured the lower of replacement cost and cost. Nel realisable value is the eslimaled selling price less all estlmated costs of completion and costs to be incurred In m8rkeling, selling and dislribution. 1.9 Ca$h and cash equlvalenls Cash an¢J cash equivalents indude cash in hond, deposits held al cau *tylh banks. other 5hort-term Ilquid investments with original maluritles of three months or less. and bank overdrafts. Bank overdrafts ar& shown withln borrowlngs In current liabilrtles. LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting poll¢le8 (Contlnuod 1.10 Flnanelal Inst￿ments The charity has elected lo appty the provisions of Seclion 11 'Basic Finanrial Inslrumenls, and Section 12 'Other Finandal Instruments Issues, ol FRS 102 to all of its finanryal instruments. Financial instrumenls are recognised in the chafitYs balance sheet when the thanty becomes paty to the contra¢tud provisions ol the instrument. Flnancial assets and liabilities are offset, the nel amounts presented in the financial slalernents, when Ihere is a legalty enforceable right to sel off the recogni5ed amounts and there is an intention to 3ellle on a net basls or to realise the asset and settle the liabilty simultaneously. 8•81¢ fln•ncl•l assets Basic fln8ncial assets. whith Indude deblors aTrd ￿$h and bank balance$, are Inrtiaty m8asured at tran8acllon prlce including transaction cosls and are subsequently carried al amortlsed co81 using the ellective interest method unless the a￿angernent conslitutes a financing transaGtion, ¥%here the transadion Is measured at the present value of the future receipts discounted al a market rate of interest, Flnancial assets dasslfied 88 recelvable wlthln one year are not aft￿rtIsed. 8•slc fln•n¢i•l Il•bllltlo8 Baslc financial liabilities. including credltors and bank loans are inltially recognlsed al transactlon prke unless thé arrangement conslilutes a financing transaclion. vthere ihe debt In3lnJment15 m8asured 81 the present value of the future payments discounted al a market rale ol interest. Flnandal liabilllles classified as payable wllhln one year gre not amrtlsed. Debt Instrument8 are $ubsequ8nty canied at amortlsed cost, uslng the effective Intere8t rate method. Trade credltor8 arn Obl￿allOnS lo pay for goods ¢x ser41ces that have been 8cquired In the ordinwy course of operations from suppliers. Amounts payable are classrfied as current liabilitle$ if paymenl 18 due wllhin one year Of less. If not. they are presented as nontsl Cost At 1 April 2023 1.042.26 96,110 9,000 1,147,400 At 31 March 2024 1,042,290 96,110 9,000 1,147.400 Oepr•¢l•tlon and Imp•lmi•nt At 1 April 2023 Depredalon ch8rged in the year 81.919 19,506 38,118 8,699 4,026 124,063 28,951 At 31 March 2024 101,425 46,817 4,772 153,014 C•rryln9 •mount At 31 March 2024 940,865 49,293 4,228 994.386 Al 31 Mgrch 2023 959.123 57,992 4,974 1,022.089 16 Stock• 2024 2023 Flnlshed goods and goods for resale 184 391 17 Oebtors 2024 2023 Amounts falllng due wlihln one year. Trade debtors Prepayments and accrued ￿CoMe 7,601 9.267 4,469 18,338 16,868 22,807 13- LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Loan8 and ovordrafts 2024 2023 Bank loan5 23.331 32.397 Payable within one year Payable after one year 9,710 22.687 13.377 19 Credltors: amounts falllng du• wlthln one ye•r 2024 2023 Not 8ank loans Other taxation and sotA81 securtty Tr8de creditors A¢crual8 and deferred Income 9,954 4.966 29,141 13.878 9.710 4,744 13,357 4,717 57.939 32.528 20 Cr•dftorn: amounts falllng due aft¢r more than one year 2024 2023 Not Bank loans 13,377 22.687 14- LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Re8trleted funds The restricted funds of Ihe charity comprise the unexpended balances of donations and grants held on trusl subjecl to specific conditions ty donors as to how they may be used. At 1 Aprll 2023 Incomln9 r¢•ource8 Resourc exp•nd¢d Transfer5 At 31 March 2024 Asda Foundation Awards forAJI 8rilish SCIen￿ Associalion CLEAR DCSDC Education Aulhorlty Halrfax Foundallon King George Fund NIE pscp Rapid SSE Alrtrlclty Empower 2 Transform Walerslde Nelghbourhood Partnershlp Tultyalty Communlty Partnershlp Fundralsing Sundry Amold Clark 1,600 10,000 60.527 4,525 4,980 252.225 3.500 500 1.500 4,711 1,150 {1,60)) 110,0001 142,683) (4.5251 (6,930) <239,680) (3,500) 12,437 30.301 11,9501 12,917 381 19) 500 {1.5C(J) 13.4361 {1,275) 1,150 1.500 11.5001 (252) 12521 6.605 7,315 (13,348) 572 379 2,313 <379) 12.3131 405 3.247 1,000 405 (3,247) {1,000) 24.300 355.225 1331,626) 14,256) 43,643 15- LONDONDERRYYMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 R•$tricted tunds (Continuedl Prevlous year. Al 1 Aprfl 2022 Incomlng Resources resources expend¢d Tran•fers At 31 MaF¢h 2023 Arts Council Awards for British Sc4ence AsSocIa￿On CLEAR DCSOC Education Authority ESB Wnd Farm Community Fund King George Fund MENCAP pscp Rapid SSE Alrtrtclty The Honourable The Irlsh Sooety W8lerslde Neighbourhood Partnershlp 8ytO8 Fundraising Sundry Arnold Clark 1,950 (1.950) (3,626) 8.026 {4,4001 12.437 8,199 600 293,561 12,437 (8,199) 16001 (295,730) 2.323 227 381 5.863 (5.863) (350) 415 16.413 (651 {16,4131 (1.275) (1,$00) (1,275) 1.500 1.500 1,500 874 {8741 7.084 400 678 3,247 1.000 12,980) 1400) (270) 6,604 406 3,247 1,000 29.677 338,891 323,617 (20,6511 24,300 22 Unre8trlct•d funds The unre8trictèd lunds of the charity comprise the unexpended balances of donations and granls which a not subjecl to speafic condilions by donors and grantors as to how they may be used. These include deslgnated fvnd$ which have been set aside oui of unrestricted fijnds by the tru8tee$ lor speclfic purposes. Al 1 Aprll 2023 Incomlng resource8 RMource8 •xpended Transfer8 At 31 March 2024 General lunds 1,025.759 81,450 {164.143) 4,256 947.322 Prevlous year. At 1 April 2022 Incoming Resources resource¥J expended Transfers At 31 March 2023 General funds 1.050.747 80.981 {126,600) 20,651 1,025.759 16- LONDONDERRY YMCA LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Analysls ol net 888ets betvrten funds Unrestricted lund3 2024 Restricted lunds 2024 Totsl 2024 At 31 March 2024: Tangible assets Current assetslViabilille8) Long tem liabilities ,386 (33,6871 (13,377) 994,386 9.956 {13,3771 43.643 947.322 43.643 990.965 Unrutrlcted funds 2023 Restrlcted funds 2023 Totsl 2023 At 31 March 2023: Tanglble assets Current asselsllllabllltles} Long term li8billtles 1,022.089 26.357 {22,687> 1,022,089 50,657 (22.6871 24,300 1,025,759 24.300 1,050,059 24 R•l•tsd party lran8ietlon• Thère were no dlsdosable related party transadlons during the year (2023- none>. 17-