LONDONDERRY YMCA LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present Iheir annual ieport and finandal statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounts'ng policies sel out in note 1 to the rinancial slatements and compty with the tharily's Igoveming documentl, the Companies Act 2006 and "Accounting and Reporting by CharitTes'. Statement of Recommended Practice applicable to charities preparfng Iheir accounts In 8¢cordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. Objectlves and actlvlti The objectives and activtties of the charity, as set out in the goveming d<)cument, are as follows; To demonstrate God's love through action in local communities by promollng youth developm8nl, prO)tIng he8llhy living and promoting community èngagement. Accordingty the Objed$ of Ihe Londondery YMCA are.. To provide or assist in the provision of educatlon, for people of all ages and In particular young people, vAth the objecl of developing their physical, mental or spiritual capaoties. To Promote healthy lfving Includlng emotlonal and mental wellbeing through th8 provl$Son of Inlormalion, education and activities. To promote communrty enpagement and rytizenship, for young people, th•iw familles and other adulls for the pu058 ol famity 8UPPOrt. communty relations and active citvlenship. To relieve or asslst in the relief of need experienced by people of all ages and In p8rtlcular young people, VA)0 are In conditions of h8Tdship or distfe88 by reason of thelr 8oGial. physlG81, ern0081, splrllual or économlc clrcumslancej. M•ln Acllv11108 Londonderry YMCA runs Educallon Authority-fijnded youth faCIle$ auoss multlple areas. Induding Drumahoe, Tultyalty, Curynierln. Lettersh8ndoney. and Eglinlon. Our presence in local sd1$, particularty in areas of high ¢Jeprivation, 811ow$ us lo offer lailored programmes. Addilionalfy, the Association $e¢ures funding 10 8ddre8s issues such as mental health and environmenlal concems. Summer aclivffje8 are offered al a raduced cost, and throughout the year. leadership and volunteer development programmes support members and Ihe wlder communlly. Public beneh¢ The trustees have paid due regard to guidance issuèd by The Charity Commisslon for Northem Ireland in declding what actlvitles the charity should undertake. A¢hlevemtnts and perfonnan¢• YOUTH ACTIVITIES - Thls was anothei busy year for young peopFe, with 8 variety of programme$ engaging and thallenglng them in a fun, lriendty and safe environment. The Education Authority funded programmes allows us to engage with young people across 5 geographical ar&8$, includin9 the introduction of 2 rural communfies, from primary 5 up. Engaging in a variety of lrips. re5ideMial$, fomial and infomal training and project work. Securing funding from olher sources induding the Asda Foundation and Halifax Foundalion ID enhance the summer programmes MENTORING - I4Mth funding receNed from the Briltsh Sden¢e Associatn and delNered by the Ideas Fund, in partnership wllh Ulster Univers-ty. we ran a one lo one girls mentoring programme. Researchers from Ulster University will produce a research piece whith will be used to inlorm future one to one mentoring piogrammes. DEVELOPMENT - Our slralegic prioritles continue to shape our operations, with key fundlng Secured from NIE Networks for a new webstte. Dery City and Strabane Districl Coundl for planning building improvements, and from National Lottery Communily Fund Ihe crealion of a Chlll Out Room, a safe space for emotional and behavloural support.
LONDONDERRY YMCA LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fillanclal revSew In response to rising running costs and increasing competiti'on for grants, Londonderry YMCA continues lo f¢)cus on diversifying its income streams. while remaining heavily reliant on Education Authority funding for core youth activities. Unrestricted income from faCty hire provides some support. bul on90ing efforts to secure additional funding remain critical. Fundlng 18 81so secured from a variety 8gencies induding 8riti$h Science Association, Bytes, Derry City and Strabane District Council. Halifax Foundation. Nattonal Lottery Communty Fund, Northem Ireland Electricity, Policing and Communty Safety Portnership RAPID, The Klng George Fund and Waterside Neighbouthood Partnership which allows us to njn addjtitinal programmes to achieve our objectives and conlribute to the increased runnlng costs ol th8 facility. The association 18 Situated on a 20 acre site with a t4YO Storey, 500 Sq metre building and a 300 Sq Metre Hub, which make$ up the majorty of the value of our assets. The associatlon generates some unreslrlded Income from the of hs facilitTres to other communlty groups. Flnancial statement8 are produced Indepdenty by PFS and P8rtner8 basèd In Llmavady. Reserves policy The assoclation oim$ to hold In reserve3 equivalenl lo a minlmum of three months operational costs and a maximum of 24 months operalional Costs, to cover costs if funding lo the association18 V1hdr2Wn. ReseNe8 remain dlfflcult to 8¢cwnulale wth budgets continualty being $queezed and the assodalion covering the IncAea5ed runnlng costs. The value hekl In reserves £0. structurn, govèmance and m•nagement Lon¢Jonderry YMCA Limlled Ltd 15 governed by a memorandum of Associ811on adopled on 30th June 2018. Thè organisalion Ss conlrolled and directed by a board of dlrectors currenty made up of 7 members. In the year we had one appolnlm8nl to Ihe board. The trustees. %tho are also the dlteclors for the purpose ol company Saw, and who serwed durlng the year and up lo the date of signalure of the finan¢i81 stslements were: Robert Dunn Adrlan Johnston Gillian Simpson Loma Somers Andrew Tale Joseph Montgomery Raymond Murray (Appointed 25 April 2023) Recfuitrnent and appointment of tru*ee$ The General Secretary Is appointed to run the daity activities of Ihe organlsation and reports to tre board of dlrectors at monthly meetings. The quorum for a meeting is 3 or one third the total numbar of directors.
LONDONDERRY YMCA LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, report was approved by the Board of TNstee8. Gillian Simpson Truste• iew Tate Truste• 5 Novembe 02