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
MU￿aY 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 inStr￿tIonS 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 ￿tL￿e, 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 I￿al 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.
ReSen￿S policy
Our policy is to always retain a fixed £50.000 emergency fund in reserve. As defI￿d in our Reserves Policy this
sum equates to appioximately 3 rnonths unrestricted general expenditure plus suitable allowances to cover, for
example, UnfOres￿n 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 be￿een
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 ftj￿lS
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 stat￿ent 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 dIr￿t 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) re￿iVed 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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