Charity registration number SC0161331Scotland) MONTROSE YMCA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MONTROSE YMCA LEGAL AND ADMINISTRATIVE INFORMATION Trustees Charlty number (Scotland) SC016133 Prlnclpal addre83 98 Murray Street Montrose Angus D010 8JG Independent examlner MUaY Taylor Audii Limited 10 Murray Lane Montrose Angus DD10 8LF Bankers Virgin Kfjoney 114 High Street Montrose Angus D010 8JE
MONTROSE YMCA CONTENTS Page Trustees. report Independent examiner's report Slatement of financial activities Statement of financial position Notes to the financial statements 7-15
MONTROSE YMCA TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 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 governing document, the Charities and Trustee Investment (Scotland} Act 2005, the Charities Accounts (Scotlandl Regulations 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 iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" Objectives and activities The Charity, originally founded in 1866 and registered as a charity in 1934, continues to be structured and managed in accordance with its Constitution. The primary objectives of the Charity are stated therein as.. To Provide a safe, warm and friendly environment for the young people of Montrose and surrounding rural area, and To encourage, support, assist and guide young people (regardless of gender or social. cultural, economic, religious or academic background) to achieve their goals and towards active citizenship The charity continues to work in close co-operation with local schools and other agencies in order to achieve maximum benefit for our young people. Our formal Service Level Agreement with Angus Council remains in place. Public benefit The trustees have paid due regard to guidance issued by the Office of the Scottish Charity Regulator and the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Significant activities and achievements against objectives The primary focus of YMCA Montrose is, and will remain, the support of the young people of our town and its surrounding rural areas. Our youth work project is centred around empowering young people by providing opportunities for personal development, skill-building, and social interaction in a safe and supportive environment. Through targeted interventions, we aim to support youth in navigating critical life transitions, develop their life skills, and address challenges related to mental health, wellbeing, and community involvement. At our town centre facility, MOHUB, we run both "Junior" (ages 8 to 12) and "Senior" sessions, each of which are strongly youth led and tailored towards identified local needs and concerns. Key areas include early intervention. social and communication skills, wellbeing and mental health, relationships, self-confidence and encouragement of volunteering and social responsibility. Each group has around 100 'members' and the enthusiasm is such that we often operate at near capacity. In direct response to local evidence our charity recognises that mental health is a central concern in the development of young people today. Our appropriately qualified youth worker has made great progress in creating an environment in which young people feel able to more openly discuss their concerns. In addition to incorporating this aspect into regular youth activities we offer opportunity to discuss personal issues via confidential one-to-one appointments. This valuable work is financially supported by NHS Tayside Charitable Foundation, to whom we are very grateful. Similarly, we are all too aware that food poverty is a serious problem for some of our community. Our FoodHUB, which continues to be largely run by volunteers, looks to alleviate some of the issues by offering parcels (food and other household items) to those in need. We thank local individuals. organisations and businesses who generously donate to this cause. We are fortunately now able to employ a part-time co-ordinator to ensure smooth running of this Servi thanks to financial support (for three years) from a local Trust fund.
MONTROSE YMCA TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 We have also secured funding to be able to provide free hot food to all young people who attend OLr youth sessions. something which we know is very gratefvlly received by those who participate and their parentsl Over the last 12 months we have been able to offer almost 6.000 such hot snacks. In addition. we run cooking sessions. supported by Tesco and Sainsburys. in which young people assist in preparing a rneal al MOHUB and can then take away ingredients and inStrtIonS to recreate the meal at home. In last year's report we noted a an to completely refurbish our youth cafe, and we can now report the very successful completion of this project. We inviled our young people lo offer design wshes and we were able lo include a number of the Suggested facilities, features and ¢xlour 5Ghemes into the design specification. The finished product has improved functionality and has been very well received by all. The second pending project was replacement of old single-glazed windows with new doubl8-glazed units to improve energy efficiency and safety. We have now obtained all necessary perrnissions associated with a listed building and the custom-made new windows are ready to be installed in the very near tLe, thus completing the planned works. The Trustees once again recognise the invaluable contribution of all members of our staff team and the support volunteers who deliver the essential services of the ¢harf(y to the Ial community. We are registered wrth CLD Standards Council Scotland, and, through Youlh Scotland and Angus Council, staff have participated in a range of training, thereby increasing skills and qualifications and confidence in their, sometimes unpredictsble, work. We operate in a challenging financial environment but remain committed to Ihe principle of being a 'Real Living Wage" employer, as we presently are. Working with support from YMCA Scotland we are actively seeking additional grant fundin9 to furthor develop our programme and secure th8 lon*t8rm ralavance and viability of the charity. Flnancial review Total income for the year amounted to £85,785 whilst expenditure was £112,990 giving a reporting thficit of £27,205. Full details are reported in the following pages. Last was the final year of cash accounting to produce the AnnLJal Accounts. From 2025 onw8rds the Accruals Prepayments method will be used to smooth out transactions of income and expenditure that can be apportioned to more that than one Financial year. ReSenS policy Our policy is to always retain a fixed £50.000 emergency fund in reserve. As defId in our Reserves Policy this sum equates to appioximately 3 rnonths unrestricted general expenditure plus suitable allowances to cover, for example, UnfOresn capital or staff costs, ere suth expenditure could not be claimed from our insuiers. The reserve is shown as restricted funds n the financial statements. Structure, governance and management The charity is controlled by its goveming document. 8 deed of trust. The trustees who served dLiring the year and up to the tste of signature of the financial statements were..
MONTROSE YMCA TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 RecruiTment and appointment of tnistees Trustees have hisloriGally been recruited on an ad-hoc basis as and when required. Hcwever, now more than ever, il is recognised that an effective Board of Management requires Trust68s 0, in addition to approprkgte individual general experience. should collectively have a suitable blend of specific ané relevant management slolls. Therefore we continue to seek to recruit able trustees to support each of our strategic pillars and operating functions as described in our Vision and 2022-2025 Strategic Flan. None of the trustees has any beneficial interest in the company. All of the Irustees are members of the company and guarantee to ntnbuIe £1 in the event of a winding up. rustees. 8 September 2025
MONTROSE YMCA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MONTROSE YMCA I report to the trustees on my examination of Ihe financial statements of Montrose YMCA (the charity) for the year ended 31 March 2025. Respectivg responsibilities of tru8t•es and examiner The charity's tru$t8e$ are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotlandl Regulations 2006. The charity trustees consider that thè audit requirement of Regulation 10{1)(a)-(cl of the Ch2rilies Accounts Iscotland) Regulations 2006 does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trust Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts Iscotlandl Regulations 2006. An examination includes a rewew of the accounting records kept by the charity and 8 Comparis of the financkql statements presented with those records. It also includes consideration of any unusual rtems or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would required in an audit, and consequently I do not express an audit opinion on the view given by tre finanaal statements. Independent examlner's statement In the course of my examination, no matter has come to my attention 1. whlch gives me reasonable c8use to believe that in any matenal respect the qUireMents. to keep accounting records In accordance with Sectlon 44(1)(al of the Charitles and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounls (Scotland) Regulations 2006, and to prepare financial statements which accord with the accounting record8 and comply with Regulation 8 of the Charitie6 Acc¢)unls {Scotland) Regulations 2006 have not been met, or 2. to which, in my opinion, attention should drawn in order to enable a proper understanding of the financial stalernents lo be reached. Murray Taylor Audit Limited 10 Murray Lane Montrose Angus D010 8LF 8 September 2025
MONTROSE YMCA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Totsl 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Investments Other income 27,482 19,574 39 19,614 19,076 46,558 19,574 39 19,814 26,786 17,549 62 22,335 88,251 115,037 17,549 62 22,335 Total Income 66,709 19,076 85,785 66,732 88,251 154,983 Expendlture on: Raising funds Charitable activities 7,458 87,548 7,458 105,532 12,381 78,918 12,381 98,018 17,984 19,100 Total expenditure 95,006 17,984 112,990 91,299 19,100 110,399 Net incomel{expenditure) (28,297) 1,092 (27,205) (24,567) 69,151 44,584 Transfers beeen funds (1,247> 1,247 Net movement In funds 10 (29,544) 2,339 (27,205) (24,567) 69,151 44,584 Reconciliation of funds: Fund balances at 1 April 2024 73,747 135,927 209,874 98,314 66,776 165,090 Fund balances at 31 March 2025 44,203 138,266 182,469 73,747 135,927 209,674 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
MONTROSE YMCA STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2025 2026 2024 Note3 Fixed assets Property. plant and equipment 14 94,236 64,255 Current assets Cash at bank and In hand 96,574 150,920 Current Ilabllltle8 16 (8,341) (5.501) Net current assets 88,233 145,419 Total assets less current Ilabllltles 182,469 209,674 The funds of the charlty Restricted income funds Unrestricted ftjlS 16 17 138,2S6 44,203 135,927 73,747 182.469 20g,674
MONTROSE YMCA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Montrose YMCA is an unincorporated association. 1.1 Basis of preparation The financial statements have been prepared in accordance with the charity's governing document, tre Charities and Trustee Investment (Scotland} Act 2005, the Charities Accounts (Scotland) Regulations 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 charity has taken advantage of the provisions in the SORP for charities not to prepare a statent of cash flows. 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, (modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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 L5se 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. 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 GiftAid 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.
MONTROSE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contlnued) 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 dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs altributable 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 aclivity 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 Property, plant and equipment Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Fixtures and fittings Cafe refurb 20/0 Straight line basis 15 % reducing balance basis 20D/o Straight line basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of non-current assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 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. Basic financial assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaclion 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.
MONTROSE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, including trade and other payables 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 payables 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 payables 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. 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. Income from donations and legacies Unrestrlcted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Legacies Grants 4,258 2,000 21,224 8,571 12,829 2,000 31,729 2,303 3,458 21,025 14,844 17,147 3,458 94,432 10,505 73,407 27,482 19,076 46,558 26,786 88,251 115,037
MONTROSE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable actlvlties Unrestricted funds 2025 Unrestricted funds 2024 Trading Income Youth attendance fees Youth hot foodltuck shop Gif aid reclaimed 10,296 9,102 176 10,412 7,137 19,574 17,549 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest income 39 82 other income Unrestricted Unrestricted funds funds 2025 2024 Hall rent 19,614 22,335 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Tradlng costs Youth activities 7,458 12,381 10-
MONTROSE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Expenditure Expenditure 2025 2024 Direct costs Staff costs Depreciation and impairment Building occupancy costs Repairs and maintenance Administration costs Foodhub costs Youth health funding wages 58,465 7,529 12,055 6,406 1,403 5,215 8,399 45,582 4,141 15,100 4,267 1,377 13,653 5,447 99,472 89,567 Share of support and governance costs (see note 9) Governance 6,060 8,451 105,532 98,018 Analysis by fund Unrestricted funds Restricted funds 87,548 17,984 78,918 19,100 105,532 98,018 Support costs allocated to activities Expenditure 2025 Total 2024 Governance 6,060 8,451 2025 2024 Governance costs comprise: Independent examination fees Consultancy fees Staff training YMCA affiliation fees 2,670 1,920 1,865 660 4,006 3,390 6,060 8,451 11
MONTROSE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting).' Fees payable for the independent examination of the charity's financial statements Depreciation of owned property, plant and equipment 2,670 7,529 1,920 4,141 11 Trustees None of the trustees {or any persons connected with them) reiVed any remuneration or benefits from the charity during the year. 12 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries 58,465 45,582 There were no employees whose annual remuneration was more than £80,000. 13 Taxation The charity is exempt from taxalion on its activities because all its income is applied for charitable purposes. 12
MONTROSE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Property. plant and equlpment Freehold land Fixtures and and buildings fittings Cafe refurb Total Cost At 1 April 2024 Additions Business combinations 112,510 25,158 48,433 250 160,943 25,408 12,102 12,102 At 31 March 2025 137,668 48,683 12,102 198,453 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 54,127 4,191 42,561 918 96,688 7,529 2,420 At 31 March 2025 58,318 43,479 2,420 104,217 Carrying amount At 31 March 2025 79,350 5,204 9,682 94,236 At 31 March 2024 58,383 5,872 64,255 15 Current liabilities 2025 2024 Other taxation and social security Trade payables Other payables Accruals and deferred income 1,232 1,920 2,519 2,670 1,280 2,301 1,920 8,341 5,501 16 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. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Building serve Foodhub Cafe refurbishment funding Youth health funding 60,000 7,987 62,775 5,185 (352) (5,605) (3,276) (8,751) 59,648 10,433 61,246 6,939 8,071 500 10,505 1,247 135,927 19,076 (17,984) 1,247 138,266 13-
MONTROSE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Restrlcted funds (Continued) Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Building reserve Foodhub Cafe refurbishment funding Youth health worker funding 60,000 6,778 60,000 9,068 61,674 5,185 13,444 84,175 10,632 {11,152) (2,501) (5,447) 66,776 88,251 (19,100) 135,927 17 Unrestricted 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. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 General funds 73,747 66,709 (95,006) (1,247) 44,203 Prevlous year: At 1 Aprll 2023 Incomlng resources Resources expended Transfers At 31 March 2024 General funds 98,314 66,732 (91,299) 73,747 18 Analysis of net assets between funds Unrestrlcted funds 2025 Restrlcted funds 2025 Totsl 2025 At 31 March 2025: Property, plant and equipment Current assetsl(liabilities) 59,688 {15,485) 34,548 103,718 94,236 88,233 44,203 138,266 182,469 14-
MONTROSE YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Analysis of net assets between funds (Continued) Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Property, plant and equipment Current assetsl(liabilities) 64,255 9,492 64,255 145,419 135,927 73,747 135,927 209,674 19 Related party transactions There were no disclosable related party transactions during the year {2024- none). 15-
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