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2025-12-31-accounts

Charity registration number SC007330 (Scotland)

BROUGHTY FERRY YMCA

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

BROUGHTY FERRY YMCA

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr David Piggot ( Treasurer)
Mr John Kenny
Mr Scott Paterson
Mrs Laura Piggot (Vice-Chair)
David Mills
Elaine G Smith (Chairman)
Mrs M Smith (Appointed 6 May 2025)
Secretary Thorntons Law LLP
Charity number (Scotland) SC007330
Company number SC361177
Registered office Whitehall House
33 Yeaman Shore
Dundee
DD1 4BJ
Independent examiner BK Plus Limited
144 Nethergate
Dundee
DD1 4EB
Bankers The Co-Operative Bank
PO Box 250
Skelmersdale
WN8 6WT

BROUGHTY FERRY YMCA

CONTENTS

Page
Chairman's Report 1
Trustees' report 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 20

BROUGHTY FERRY YMCA

CHAIRMAN'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

We started this year on a more stable footing than previous years, working continuously with our partners “Your True Path to Wellness” (YTPTW) and New Scots along with all our classes and groups.

Every Board Member has a part in our groups giving a voice to each section of this YMCA. We can only move forward if we listen to what this Community needs, expanding where it is needed. Our Trustee Report will expand on this later.

Our Board continually look at costing of utilities, supplies, insurance groups and wages so we can ensure we are offering a good and stable costing for all lets.

This year could not run smoothly without the ongoing support of our Board, our Office Staff, Isobel and Maureen and Gardening expert Maureen Mills.

All their hard work is greatly appreciated.

Mr D Mills’ knowledge of funding and application to funders is acknowledged as invaluable.

As we move into 2026, I look forward, to seeing what we can achieve, hopefully without any further current conflicts in the world. Let’s keep up the good work.

Elaine Smith

Elaine Smith Chairman

Date: 13 May 2026

BROUGHTY FERRY YMCA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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).

Objectives and activities

Charitable purposes

Broughty Ferry YMCA aims to:

  1. Provide a warm welcome to members for themselves, in a meeting place which is theirs to share, where friendships can be made and counsel sought.

  2. To enable people, particularly the young, to develop as full participants in the local community.

  3. Develop activities and programmes which stimulate and challenge its members in an environment that enables them to take responsibility and find a sense of achievement.

The principles upon which the YMCA was founded remain the cornerstone of the movement today although the work may have developed in a variety of ways.

Broughty Ferry YMCA since its foundation in 1866, remains committed to the Christian value base of body, mind and spirit as reflected in its logo of the red triangle.

It remains open to people of all faiths and none.

It believes in equal opportunities for all and the support of programmes and services which encourages the development of the whole person.

The trustees have paid due regard to guidance issued by the Office of the Scottish Charity Regulator in deciding what activities the charity should undertake.

BROUGHTY FERRY YMCA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

The trustees are happy to report that the upturn referred to in last year’s report continues despite a world situation which although having a less severe impact on the organisation compared to previous years still brings challenges in particular for the charity sector. Due to the diligent work carried out in controlling expenditure levels and increasing income we have improved our resilience against these external pressures, whilst still achieving our charitable purposes at a cost that is affordable by all. As the Chair has noted in her report every board member is represented on at least one sub-committee and contributes meaningfully to our meetings and has continued to make us more pro-active rather than re-active. This in turn has brought the “soul” back into the building in a more dramatic way than could have been foreseen a few years ago.

The Future Development Committee whilst looking at renewal of contracts as and when they fall due, also was tasked with improving our income and expenditure spreadsheets in order that the Board could examine these better at monthly meetings on both a monthly and year to date level. This will be implemented in 2026 and introduce an improved level of governance and oversight to our discussions and budgeting.

The Funding and Grant Seeking Committee continues to be successful in obtaining grants although in this year substantial funding has been raised for our Partnership work and less on capital works. The coming year will see them look at improving the gymnasium extension and the possible development of green energy projects. With the help of YMCA Scotland Artificial Intelligence (AI) was utilised in suggesting improvements to funding applications with positive results and we anticipate undertaking training in this technology in 2026.

The Fabric Committee are now actively meeting more regularly than before and completing their duties timeously in line with our conservation plan. In the coming year we anticipate a greater liaison with the funding committee as we look to expand and manage the proposed work on the gymnasium extension.

The Fundraising and Communications Committee has continued to improve the dissemination of information to the public through both our website and Facebook. The Gala Day continues to be successful both in terms of bringing in additional funds but also in raising our profile in the community and assisting us as being seen as one of the community centres of Broughty Ferry.

During the year we have continued to work in partnership with several groups

  1. Y not Me in partnership with YMCA Tayside. Although this club was appreciated by those attending, the numbers were insufficient to justify the input necessary from YMCA Tayside to fulfil safeguarding and regulatory requirements particularly given the difficulty in sourcing external grant funding. The club continued until June 2025, however we were able following discussion with St Aidan’s Church in Broughty Ferry who ran a club for a similar age group to take on any attendees who wished.

  2. Your True Path To Wellness (YTPTW). We entered the second year of our 3 year funded partnership project aimed at women suffering from loneliness, social isolation and mild to moderate mental health issues. What started off as merely a social club has expanded beyond the wildest dreams of both YTPTW and Broughty Ferry YMCA. The feedback from a questionnaire issued by YTPTW to the members who now have 12 different groups each month stated that “the YMCA feels like home and is a safe, warm and welcoming place to be”.

  3. “New Scots @t Broughty Ferry YMCA. This partnership continues to expand and as well as being a social group where all members of the family attend individual projects targeting particular needs of different age groups have developed and will form the basis of future grant funded work. A highlight of the year was an event with board members and their families of Broughty Ferry YMCA where entertainment and food from the New Scots highlighting their Ukrainian heritage was showcased. All attendees from the YMCA were moved when socialising with the New Scots when hearing their stories and experiences.

  4. Mens’ Shed continues to thrive as a separate charity on our premises and we are grateful for their assistance in any minor works and repairs that they carry out with great skill.

  5. Empowerment Academy. While this is not a formal partnership we look as we go into 2026 to formalise this in such a way that may also us to more easily obtain external funding. The work done by this group is filling a gap that is unmet by government bodies and local authorities and is warmly appreciated by both attendees and parents and guardians.

  6. 3 -

BROUGHTY FERRY YMCA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

In summary when we hold regular meetings with our partners we are always told that everyone sees this as their home. We hope to continue and expand upon this in 2026 and obtain further funding from those funders for whom 2026 is the final year of funding our projects.

In conclusion our YMCA is now a place where as mentioned in our charitable aims “where friendships can be made and counsel sought” we as always will continue to seek greater diversity in terms of age, gender, faith and experience whilst valuing the efforts and commitment of all current staff, directors volunteers and partners, without whose joint efforts, the positive nature of this Trustees’ Report would not have been possible.

BROUGHTY FERRY YMCA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Financial review

The surplus of £21,689 (2024 - Deficit £495) has been taken to reserves. The Trustees believe that the resources available are sufficient for them to continue the objectives of the charity.

Unrestricted reserves were £27,948 at 31[st] December 2025.

Structure, governance and management

Type of governing document

Broughty Ferry Y.M.C.A is a limited company registered in Scotland under the relevant Companies Act provisions and is governed by its Articles of Association established at its founding.

It is governed by a board of management nominated and elected annually by those members paying an annual subscription fee on or before the date fixed for the Annual General Meeting. There are policy documents available on Health and Safety, Disclosure, Rehabilitation of Offenders, Discrimination on grounds of Race religion sex or age, Fair pay which have been formulated since the inception of the company.

The board of management (the directors) are elected, and any employees are excluded from voting on matters presented to the board but may be invited to attend and advise the board in an ex-officio capacity.

Broughty Ferry Y.M.C.A is independent from, but affiliated to YMCA Scotland, whose services and advice are used in terms of HR where we have insufficient specific expertise.

Trustee recruitment and appointment

The board, although having no problems with quoracy at any of the meetings scheduled during the year, continues to seek nominations from its membership for new directors. The directors accept positions for a 3 year period and retire or stand for re-election on a rolling 3 year cycle. They elect a Chair, Vice-Chair and Treasurer from their number on an annual basis.

In addition, and totally separate to the board, with a separate constitution are a board of trustees whose sole remit is the building (business premises) which is held in trust. There are 5 Trustees sitting on this board. These are David Mills, Scott Paterson and John Kenny, who are also directors of Broughty Ferry YMCA, along with external Trustees Colin Graham and Ryan Cathro (appointed April 2024).

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr Graeme Prophet (Resigned 6 May 2025) Mr David Piggot ( Treasurer) Mr John Kenny Mr Scott Paterson Mrs Laura Piggot (Vice-Chair) David Mills Elaine G Smith (Chairman) Mrs M Smith (Appointed 6 May 2025)

Statement of trustees' responsibilities

The trustees, who are also the directors of Broughty Ferry YMCA for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

BROUGHTY FERRY YMCA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees' report was approved by the Board of Trustees.

David Piggot

Elaine Smith

Mr David Piggot ( Treasurer) Trustee

13 May 2026

Elaine G Smith (Chairman) Trustee 13 May 2026

BROUGHTY FERRY YMCA

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROUGHTY FERRY YMCA

I report on the financial statements of the charity for the year ended 31 December 2025, which are set out on pages 8 to 20.

Respective responsibilities of trustees and examiner

The charity’s trustees, who are also the directors of Broughty Ferry YMCA for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Neil Young

Neil Young, C.A. BK Plus Limited

144 Nethergate Dundee DD1 4EB

Dated: 13 May 2026

BROUGHTY FERRY YMCA

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
14,415
44,513
Charitable activities
4
49,946
-
Total income
64,361
44,513
Expenditure on:
Charitable activities
5
55,054
32,131
Total expenditure
55,054
32,131
Net income/(expenditure) and
movement in funds
9,307
12,382
Reconciliation of funds:
Fund balances at 1 January
2025
18,641
9,646
Fund balances at 31
December 2025
27,948
22,028		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
58,928
6,716
54,546
49,946
48,317
-
108,874
55,033
54,546
87,185
54,196
55,878
87,185
54,196
55,878
21,689
837
(1,332)
28,287
17,804
10,978
49,976
18,641
9,646		 Total
2024
£
61,262
48,317
109,579
110,074
110,074
(495)
28,782
28,287

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

BROUGHTY FERRY YMCA

BALANCE SHEET

AS AT 31 DECEMBER 2025

Notes
Current assets
Debtors
12
Cash at bank and in hand
Net current assets
The funds of the charity
Restricted income funds
14
Unrestricted funds
13		 2025
£
972
49,004
49,976		 £
49,976
22,028
27,948
49,976		 2024
£
972
27,315
28,287		 £
28,287
9,646
18,641
28,287

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 13 May 2026

David Piggot Elaine Smith Mr David Piggot ( Treasurer) Elaine G Smith (Chairman) Trustee Trustee

BROUGHTY FERRY YMCA

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025

2025
Notes
£
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
18
Net cash used in investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
21,689
-
-
21,689
27,315
49,004		 £
(1,054)
-
-
(1,054)
28,369
27,315

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

Broughty Ferry YMCA is a private company limited by guarantee incorporated in Scotland. The registered office is Whitehall House, 33 Yeaman Shore, Dundee, DD1 4BJ.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving 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 adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.8 Taxation

Taxation

The company is accepted as a charity by the Board of the Inland Revenue and consequently relief is given under S505 ICTA 1988 to exempt it from the payment of Corporation Tax.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 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.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
8,515
-
Grants
5,900
44,513
Donated goods and
services
-
-
14,415
44,513		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
8,515
2,801
1,830
50,413
3,915
52,312
-
-
404
58,928
6,716
54,546		 Total
2024
£
4,631
56,227
404
61,262

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Charitable activities
Fundraising 1,074 1,167
Hall Lets 48,634 46,900
Interest 238 250
49,946 48,317
5 Charitable activities
Operation of
Operation of
centre centre
2025 2024
£ £
Wages, Salaries and Pension Costs 32,636 39,035
Heat, Light and Cleaning 12,844 16,666
Insurance 4,952 6,896
Repairs and Furnishings 32,131 41,169
Stationery, Printing and Advertising 343 357
Telephone 677 597
Miscellaneous 665 1,794
Legal and Professional Fees 1,103 1,792
85,351 108,306
Share of governance costs (see note 6) 1,834 1,768
87,185 110,074
Analysis by fund
Unrestricted funds 55,054 54,196
Restricted funds 32,131 55,878
87,185 110,074

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

6 Support costs

Support
costs
Governance
costs
£
£
Independent Examination Fees
-
1,380
Legal and Professional Fees
-
454
-
1,834
Analysed between
Charitable activities
-
1,834		 2025
£
1,380
454
1,834
1,834		 2024
£
1,314
454
1,768
1,768

Governance costs includes payments to the independent examiner of £1,380 (2024 - £1,314).

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
4 5
Employment costs 2025 2024
£ £
Wages and salaries 32,636 39,035

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 Tangible fixed assets

The company occupies the premises at 151 Brook Street, which are held in trust for the sole use of this charity.

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

12 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 972 972

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

13 Designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 January 2024 resources expended 1 January 2025 resources expended 31 December
2025
£ £ £ £ £ £ £
Revenue account 17,804 55,009 (54,172) 18,641 64,361 (55,044) 27,958
17,804 55,009 (54,172) 18,641 64,361 (55,044) 27,958

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

14 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

be used.
Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 January 2024 resources expended
1		 January 2025 resources expended 31 December
2025
£ £ £ £ £ £ £
James T Howat Trust (for Trainee Admin Assistant) - 500 (500) - - - -
Dundee Historical Environmental Trust 150 - - 150 - (150) -
Hugh Fraser Foundation (for Trainee Admin Assistant) 1,453 - (1,453) - - - -
Alexander Moncur Trust (for Trainee Admin Assistant) 5,000 - (5,000) - - - -
National Lottery Improving Lives - 17,686 (17,686) - 19,336 (19,336) -
Dundee Partnership - 3,675 (854) 2,821 - (2,821) -
National Lottery Community Fund - 13,375 (13,375) - - - -
William S Phillips Fund (Empowerment Academy) - 2,000 (2,000) - - - -
David Myles donation - 750 (750) - - - -
Ricky and Margaret donation - 1,000 - 1,000 - (338) 662
Mushroom Trust - 526 (511) 15 - (15) -
Hilden Charitable Trust - 6,675 (5,875) 800 5,900 (800) 5,900
Baillie Gifford Foundation Scotland 4,375 - (4,375) 4,375 4,375 (4,375) 4,375
Tayside Charitable Trust - 2,500 (2,500) - - - -
Magic Little Grant (For Trainee Admin Assistant) - 4,375 - - - - -
Asda Foundation - - - - 12,183 (3,576) 8,607
Common Good Fund - - - - 719 (719) -
Aberbrothock Skea Trust - - - - 2,000 - 2,000
Broughty Ferry Men`s Shed - - - 80 - - 80
Christmas Raffle - - - 404 - - 404
10,978 53,062 (54,879) 9,646 44,513 (32,131) 22,028

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

15 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 December 2025:
Current assets/(liabilities)
27,948
22,028
27,948
22,028
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 December 2024:
Current assets/(liabilities)
18,641
9,646
18,641
9,646		 Total
2025
£
49,976
49,976
Total
2024
£
28,287
28,287

16 Share capital and members

The company does not have a share capital and is limited by guarantee. As 31st December 2025, the company had 6 members. Liability of the members is limited to £1 each.

17 Related party transactions

Included in salary recharges are amounts paid to related parties of the trustees for their work within the charity for the year. These amounts are as follows:

Mrs M. Mills, wife of D. Mills, received a gross salary of £5,120.97 (2024 - £4,664.56). Mr Adam Mills, son of Mr D. Mills, received a gross salary of £nil (2024 £6,225.44). Mr Andrew Mills, son of Mr D. Mills, received a gross salary of £4,350.72 (2024 £1,847.20)

All Salary rates are approved by the Trustees with the relevant Trustee excusing themselves when the related salary is discussed.

18
Cash generated from/(absorbed by) operations
Surplus/(deficit) for the year
Movements in working capital:
(Increase) in debtors
Cash generated from/(absorbed by) operations		 2025
£
21,689
-
21,689		 2024
£
(495)
(559)
(1,054)

BROUGHTY FERRY YMCA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

19 Analysis of changes in net funds

The charity had no material debt during the year.