REGISTERED CHARITY Y4b'MBER: SC017206 TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMEY4TS FOR THE YEAR ENDED 31 MARCH 2025 FOR PAISLEY YOUNC MENS CHRISTIAN ASSOCIATION AzeL8 Audit Setvices CharteTed Accountant Tiianium I King'5 Inch Place Renfrew Glasgow PA4 8IVF
PAISLEY Yoiryc MENS CHRISTIAN ASSOCIATION COWTEs OF THE FIYANCIAL STATEMEW4TS FOR THE YEAR EfDED 31 MARCH 2025 P4e Trusieei, Report Independen¢ Examlner'$ Report StAlemenl of FID•n¢ll A¢tlvltks BAIAnee Sheet e5 to the Fln8n¢lAI St#t¢mtnts 8 10 18 D1¢d SIAtement of Flnin¢l•l Actlvld 19 10 20
PAISLEY YOUNG MENS CHRISTIAN ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees preseni their annual trustees, report logthher with the financial slalcments of the charity for the year ending 3] March 2025. The financial stslements comply with the Charitie5 and Trustee Inv¢stmenl (Scotland) Act 21)05. the Charities Accounts (Seotland) Regulations 2006 (as amended), the charity's governtng document. and Accounting and Rq)orting by Charities: Statemenl of Re£ommended Practice applicable lo charities prq)aring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). ORIECTIVES AND ACTIVITIES AIAn5 *nd purposes The Young Men's Christian Association is a c.hristian Movement. Ai its centre are C.hristians who. regarding Jesus Christ as tA)rd and Saviour, desire lo share iheir faith with oihers and make Him known, believed, Irusled. loved, served and exemplified in all human relationships. It welcomes into its fellowship persons of other religious faiths and of none. Accorditigly. Ihe YMCA siands for: a world-wide fellowship based on Ihe equal value of all persons. rwect and freedom for all; tolerance and undersianding brtween people of diffcr¢nl opinions. active concern for the needs of the community; and united efforts by Christians of differeni traditions. The YMCA aims lo.. provide a welcome to members for Ihem8elve% in a meeting place which is theirs to Share. where friendships can b¢ mad¢ and ¢oun.4el sought. develop activities which stimulate and challenge its members in an environment that enables them 10 lake respon.sibility and find a sense of achievemenl: involve all members in car¢ and work for others,. create opportunities for exchanging views, 50 that ils FAembers can improve their underslanding of the world, of Ihemselvvs and of one anoiher. and promote events by which aim& purp05e5 and programme may be furthered. in keeping with the eonslitulion as amended from lime lo lime. ObJe¢¢lves and A¢tlvltles The objecls of Paisley YMCA are lo.. l. Maintsin the Chri8lian ethos of the YMCA Movement: 2. Develop/pur5ue the pra¢iice of participation of memberslusers with staff and management; 3. Promote opportunity for developmenl of individuals Ihrough participation in the wider YMCA family events; 4. Where possible. develOp/pue responscs to the unmel needs of young people in Renfrewshire and the wider community. 5. Develop/pur4ue best praclice in the A&wcialion's govcrnancc, policies and pr(K¢du, evaluation and communication systems- and 6. Network with other appropriate agencies. The premises at Iiavc attracted a number and variety of agencies and vibrant cornmunity groups. FINANCIAL REVIEW Flnancial posltion During the year the charity made a deficit of £124.742 (2024- deficit of £79,375) Unreslricled funds at 31 March 2025 were £459.979 (2024 - £578,646>. Restricted funds 3 Isi Mah 2025 were £28.85012024 - £34,925). Investment polic. Ind performAnet Under the Constilulion, Pai51ry YMCA his the power lo make any investment deemed proper, provided such invcstmenl is undertaken only in accord with written professional advice. Page I
PAISLEY YOUNG MENS CHRISTIAN ASSOCIATION TRUSTF.F.S' REPORT FOR THF. YKAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Cyeneral Paislcy YMCA depends upon a variety of Source of funding. The%e include local lrnsls w'hich fund specific pieces of the charify's work, donations from groups and agenci u4ing the charity's premises for theirlour purposvs. gyrants from local govemmeni for specific piec¢s of work and income from Ihe charity's commercial property log¢iher with incom¢ from the charity's stock holdings. Defined contribution pension scheme Paislcy YMC'A recognitses possible concern relating to ils participation in a defin¢d benefit pension scheme. Appropriate aclion h&$ been laken.. The sch¢m¢ w&s closed io new membep in 2007, and Ihc link to final salary broken in 2011. Addiiional coniribulions continue lo be made 10 reduce the deficit. As pan of the YMCA federation, the multi-employer scheme is run by an indeP)dent board of Iru%lee% wilh employer representation through the Principal Employer, the National Council of YMCAS. The pension scheme truste&4 obtain an actuarial valuation every three years and we have consid¢red ihe implications lo the charity's finances from the laiesl available actuarial valuation, We have rcviewed the charily'% abilily to Continue lo deliver il% charilable objectives by ensuring budgeis. forecasts and plans are available and include ihe impacl of Ihc deficit repaymenl4. Th¢ Iruslees included ihe impaL'I of pen4ion Scheme deficit repayment4 in on%idering going concern 5laiu%. rvierve.4, and the risk4 and unccr141inlies Ihai Ihe charity face noted elsewhere in this Report. Paigley YMCA benefiLs from the pension scheinc trustees And the Principal Employer qeeking suitable specialist profe%sion advice boih to manage (he scheme and in Ihe continuing effort io explore ways of reduciiig (he overdll pension deficit. The notes lo the Accounts include an accounting policy and further delails in nole19. Reserve5 poIi¢y The Board of Managemenl has tstablished a policy whereby a minimum six months of &%la110,9 annual expendilure 1.% retained as an operational reserve only lo be used 10 ensure the coniinuaiion of aclii'ilies in th¢ event of a siglnificanl drop in fundin¥. li would obviou%ly be necessary io consider how Ihe funding would be replac or activiiie5 changed. STRUCTLRE, C.OVERNANCE AND MANAGEMENT Governing document Thc charily 1% ¢onlrollcd by its governingi document, a deed of trusl and conslitules an unincorpornied charity. Paisley Youn¥ Nlen's Christian A40cialion (Paisley YMCA) 14 a registered charity &bov¢med by il% con%tiiulion which is reVIe,ed whLn nece%sary. E%lablished in 1832 ¢L% "Pai%leJ' Young Men'4 Sabbath Mornin¥ Sociely for Prayer and Rcli¥iou% Purposes" in 1875 was renned. Paisley Youn¥ Men'¥ Chri51ian AN5oiialion. In accordance wilh ils conslilulion Ihe charily li go¥'emed by ilg Board of Management consisling of Ihrce officers elecied annually and up lo nine board members. one third of whom retire each year in roialion bui Can offer themselves for re-election. Recruitment nd appointment of new trnstees The Board of Managemeni reflects both Ihc divcrsity of the eharity'4 work and brings logeiher a variety of business skills gaincd in areas such as Finance. Health & Safety. Policing. Educalion and General Business. durtion and training of nem. trustees Thu joining ihe Board for (he firs1 titne rcceivc copies of board meeting minutes for the four previous meetings and opies of up to d3te policies. Page 2
PAISLEY YOUNG MENS CHRISTIAN ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Policie5 The charity's poli¢ics ar¢ r¢vi¢w¢d ai IAst every iwo y¢ars or whenever n¢¢essary to take consideraiion of changes in legislaiion. The policies include- Behaviour Recrnilment of ex-offenders Safeguarding and proiection of children and vulnerable young people. Recruitment & ¢qual opportunilies Finance Secure handling of infonnation Grievanee Volunteer Health & Safety Whistle blowing Intemel and email use Rlik m8nA8ement The external risk of a drop in funding has led the Paislry YMC,A 10 diversify 118 Sources of income and activities. Internal risks are minimised by the implementaiion of procedures for Ihe authorisation of all IransKtions and projecls. Operadons Paislcy YMCA h&$ continued, throughout 2024-2025, 10 deliver a wide range of STEM and Digital Skills Workshops, Creative Technology Sewions. and Youth Clubs and Makerspace Drop ins during lem) time, alongside Family and Community Workshops throughout the school holidays. forniing the backbone of youth provision in the IIKality. These programmes offer young people hands on opponuniiie8 in coding. robo(i¢%. digital fabrication. animation, game design and oiher creative technologiies, helping to build confidence, digital literacy and problem solving skills in an inclusive, youih lcd environment. This work is supporied by ¥ranls from the National Lottery, The Robertson Trus1 and ihe local council, and is complemented by staff contributions lo wider youth participation a¢iivities, including work with the Scottish Youth Parliament and a local hou.sing &ssocialion lo gather young people's views on rights and services that affect them. The Board of Management have bought profes4ional advice and implemented a new property management slrnlegy lo pursue roules lo maximi5e the incorne from 39 High Street and to sell 5. New Sircel. This decision w&$ taken io rduce the financial burden of managing this property when it became clear that 8 solution with We51 College Scotland for reparations w&$ noi po*4ible without recourye lo lime consumin8 and expensive legal aciion. Work is on-going to implement these deci.sions. To support the management of ihe youih work. developrncnl of fundin8 Streams and Ihc implementation of the propety 5fralegy. lh¢ Board have appoinled an Interim Chief Execulivc Officer. from Dec 2024, with financial support from YMC.A Scotland. The Board of Management, Ihc Inierim CEO and staff ieam are working together to diversify sources of income and build up the youih work activities of Paisley YMCA. REFERENCE AND ADMINISTRATIVE DETAIiS Registered Ch•rlty number SC017206 Pagc 3
PAISLEY YOUNG MENS CHRISTIAN ASSOCIATION TRL'STEES, REPORT FOR THE YEAR EYDED 31 MARCH 2025 Inde endeni F.i&rnintr Aze(% Audii SerN itre4 Chanered A¢nian1 1 ilanium I King's Inch Place Renfrew Glaygow PA4 8WF Appri)i'ed b>. order ofihe board of Irusiees on ry3 December 2025 and signed on ils khalf by: Page 4
INDEPENDENT EK4MINER'S REPORT TO THE TRUSTEES OF PAISLEY YOUNG MENS CHRISTIAN ASSOCIATION I report on the accounis for ihe year ended 31 March 2025 sei out on pages six to eightttn. Respective responsibilities of trustees and examiner The Charity's trusiees are responsible for the prq)aralion of the accounts in accordance with the lern)s of the Charities and Truslee Investment (Scotland) Act 2005 and the Chariiies Accounts (Scotland) Regulations 2006 (&$ amended). The charity's truee$ consider that the audit requirem¢nt of R¢gulalion 10(] Ma) to (c) of Ihe Accounts Regulations docs not apply. It is my rcspon5ibility lo cxamine the a¢untS as required under Section 44(1 Xc) of the Act and 10 state whether panicular mall¢15 have come to my alt¢nlion. B1si5 of the indeptndent ¢x4miner'$ reprt My examinalion w&$ carried out in accordance with Regulaiion I l of the Charities Accounts (Scotland) Regulations 2006. An examinaiion includes a r¢vi¢w of the accounting records kw by ihe charity and a comparison of the accounts presented with ihos¢ records. It alw includes consideraiion of any unusual items or disclosures in the accounts. and seeking explanations from you as Intee5 concerning any such maners. The procedures undertaken do not provide all the evidence lh would bc required in an audit. and consequently I do not expre&8 an audit opinion on the view givcn by the aecounts. Independen¢ examlner's statement In connection with my examination. no matter has come to my attention . (l) which gives me reasonable cause lo believe that, in any material respect. the requirements to keep accounting record8 in accordance with Section 44{IKa) of the 25 Ad and Regulation 4 of the 2(K16 Accounts Regulations; and io prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2CMJ6 Accounls Regulations have not been mel,. or {2) io which. in my opinion, attention should be drawn in order to enable a propcr understanding of the accounts to be reached. Aze¢s Audit Service5 Chancred A¢¢ounlanl Tilaniurn I King's Inch Place Renfrew Glasgow PA4 8WF 23 December 2025 Page 5
PAISLEY YOUNG MENS CHRISTIAN ASSOCIATION srATEMENT OF FINANCIAI. ACTIIIITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total 2024 Total Unreslricled fund Reslricled IN'CONIfr: AND ENIX)WMENTS FROM Charitable *ctiirylies Association 90.8.3.3 90,833 91.914 Inve%imenl income Other income 28.407 2,984 28.407 2.984 8,941 Tot41 31,391 90.8.13 122.224 134.171 EXPLNDI'I'URE ON Rai5in¥ funds 1,118 Charlt8ble activitles A&socialion 71,505 96,908 168,413 142,886 5 New Street, Paisley 78,55.1 78.553 65.427 Total 150,058 96.90R 246.966 Nel gaIn41{1051) on inve>lmcnl% {4.115) NET INC.O.MEIIEXPENDITIIRE) Other reco8ni5ed Rwlnsl(1055es) Gainsl(1054e4) on revaluation of fixed a&4e15 Actuarial gains on defined bcn¢fit ichemes 1118,667) (6,0751 1124.742) (79,-375) {172,258) 24,816 Net movement In funds (118,667) (6.075 1124.742) {226,817) RECONCILIATION OF TrLNDS Total fund4 brougjhi fon¥'ard 578,646 34,925 613.571 840,.188 TOTAL Tr UNDS CARRIED FORWARD 459.979 28,850 488,829 613,571 The notes form part of ihese financial $1alemenls Page 6
PAISLEY YOUNG MEIYS CHRISTIAIY ASSOCIATIOFI BALA'CE SHEET 31 MARCH 2025 2025 2024 Notes FIXED ASSE75 Tangible &55els Investrneni prop¢rti¢s 10 91.667 408.333 91.667 408,333 s.co) 5C(I.OCK) CURRENf ASSETS Debiors Cash in h•nd 12 8,237 28.665 5253 149.218 36.9)2 154.471 CREDITORS Amounis falling due within one year 13 (39,034) (23,518) ET CURRENT ASSETS (2,132) 130.953 TOTAL ASSETS LESS CURRENT LIABILITIES 497.868 630.953 CREDITORS Amounls falling due after morc Ihan one year 14 (9,039) (17.382) NET ASSETS 488.829 613.571 17 Unrestricted funds Resirieied fijnds 459.979 28,850 578,646 34.92S TOTAL FUNDS 488.829 613.571 The financial statements were approved by thc Board of Truslttq and authorised for issue on 23 tkcember 2025 and were signed on Fis behalf bv.. The notes fomi part ofihese financial siemenL$ Page 7
PAISLEY YOUliG MENS CHIUSTIAN ASSOCIATION NOTF.S TO THF FINAh'C.IAI. ST ATEMENTS FOR THE YEAR F.N'DF.D 31 MARCH 2025 ACCOUNTING POLICIES Basis of pr¢pAring the financiAI slAtements The financial statement% have been prepared in accordance with Accounting and Reporting by Charities: Sialemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe IJK and Republic of Ircland (FRS 102) (effective l January 2019) (Charities SORP IFRS 102) and thc Financial Reporting Standard applIb]e in the UK and Republic of Ireland {FRS 102). Paisley YMCA meet4 the definilion of a public benefit enlily under FRS 102. A4seLi and liabilities are initially recogniged al hisiorieal cost or transaction value unless otherwise 4iaied in tl)e relevani accouniing policy nole(s). Preparadon of aceounts on # golng concern basls The Iru4lee• consider ihat Ih¢r¢ Jr¢ no Inalerial uncertainties aboul the charily's ability lo continue as a going ¢oneern. There were no Significant areas of adjuqmenl and with respect to the nexl rqx)rting period, no significanl areas of uncertainly. Accountlng Judgements & Sources ofestlmation uncerlain¢>' In preparing ihese financial slalemenls. the Iru4i¢es have made the following judgemenl5'. Tangible fixed asset% are depre¢ialed over their ugeful live4 taking into accouni ridUal values, where appropriate. The actual lives of the and re%idual values are assessed annually and may vary depending on a number of factors. In re-aKsessing as%el live%, faclops such as iechnological innoi'alion, pmducl life cycleq and Inainienance programme4 are iaken into accouni. Residual value a%4e%4meiils consider issues %uch a% rulure markei eondiiion%, (he remaining life of the a%sel and proje¢tcd di.%wsal value%. Assets are ccinsidcrcd for indicalion4 of impainncnl. If rcquired an impaimienl review will be Caled oul and decision made on possible impairmenl. Faclop taken inlo con%ideraiion in reachinbi %uch a deci4ion include the economic wiabilily and expeclcd fulurc financial perfomance of the &55et and where il ]% a componenl of a largcr ¢ash-generaiingi unii. the viability and expected future performance of Ihat unil. Bad debt% are provided for where objective evidencc of the need for a provision exists. Fln8n¢i41 reporting 51andArd 102 - rtduced dl$¢lo$ur¢ exemptlons The charily ha% iaken advania&7e of the follo,1g di4c104urc cxcinplion in preparing Ihe4e financial slalemenls, as perniilled by FRS 102 'Thc Fiiiaiicial Rcportingi Siandard applicable in Ihe IIK and Rcpublic of Ir¢lalld': the rcquircments of Section 7 Statement of Cash Flows. Incoming recognltlon All income is recognised once the charity has eniitlement io ihe income, il is probable Ihal the income will be Civ and the amount of income receivable ¢an be measured reliably. Donation and grani% are reCognid when Ihe charity has beert notified of both the amount and setilemenl dale. In the event thai a donation or grant 1% subject lo conditions Ihal require a level of perfonnance before ihe charity is enliiled lo ihe funds, Ihe income is deferred and not recognised until either those condilion% are fully mel, or Ihe fulfilmenl of tho%e condilions is hollY within the control of the charity and it is probable Ihal Ih05e condilivns will be fulfilled in the rcwyrting period. Legacy gifis are recognid on a case by case basi4 following the granling of probate when the admini%lralor/execulor for (he esiaie has communicaied in wniing both the amounl and Yiil¢m¢ni dale. In lh¢ event ihal the gift 1% in the fomi of an a5%et oiher than ca%h or a financial asset traded on a recognised stock exchange. rccugFlliiion is subjeci io the valuc of Ihc gifl being reliably measurable wilh a degree of reasonable accuracy and the lille lo the asset having been transferred io the charity. Inleresl on fund5 held on deposil is included when receivable and the amount can be m¢asured reliably by (h¢ charity: this is nornially upon notification of ihe inl¢res( paid or payable by the bank. Dividcnds are rccognised once thc dividend has been declared and notification has bcen vived of the dividend due. This is nomially upon nolificalion by our investment advi50r of the dividend yield of the investment portfolio. Pagc 8 continued...
PAISLEY YOUNG MENS CHRISTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 AccouiYfiNG POLICIES - contlnued Incoming recognition Incomc froTn rental income is included in the Ststement of Financial Activities in the year in which it is receivabl¢, Resour¢¢8 reeognltlon Expenditure is recognised once the 15 a legal or constructive obligation to make a payment to a third paty, it is probablc that sdtlcmcnt will be required and Ihe amounl of the obligalion can be measured rcliably. Expenditure 18 classified under the following aetivily headin8S'. Costs of raising funds Comprise of investmeni managemeni costs. Expenditure on charitable activities includes the costs of activilies undenaken io further the purposes of the charily and their &S5Lxiaied support costs. Other expenditure represents those iiems not falling into any other headin8. Irrccoverable VAT is charged &$ a eosi again the activity for which ihe expendirure w&$ incurred. A]locadon of sUPPOrt And governlnce costs Support Costs are Iho4e funclions Ihal assist Ihc work of the charity but do not direcily undenake charilablc aclivilies. Support costs include back otTice co4.& finance. personnel, payroll and governance costs which %upport the charity'.8 programmes and activitie%. These Co5 have been allocated to expenditu on charitable aclivities. Tanglble llxed aiset$ Fixtu and fiiiings for 39 High Streel, Pai%ley are capilalised and depreciation is provided al 200/0 on cost in ordcr 10 wrilc off thc &%sets over their ¢slimat¢d useful life. The office space at 39 High Street, Paisley occupied by the Paisley YMCA is depreciated over l(X) years. Land al 39 High Sireet Paisley is not depreciaied. Inveslment propertkn InveMent prop¢rtleS are shown al the mosl recent valuation. Any SUTpIu5 or deficit on revaluation is included in the Stalcmeni of Financial Activities as an unreali¢£d gain or loss, Inveslmenl properties arc not depreciated. TAX*tlon The ¢hariiy is excmpl from t&x on ils charitable aclivilics. Penslon costs And other post-retiremeni benefits Paisl¢y YMCA participated in a mulii-employer defined benefit pension plan for employ¢es of YMCAS in England. Scotland and Wales. which w&5 closed io new member5 and accruals on 30 April 2007. Due to insufficient inforniation. the plan's actuary has advised Ihat it is not possible to separately idenlify lh¢ assets and liabililies relating lo Paisley YMCA. As de5eribed in note 19 Paisley YMCA has a contractual obligation to make pension deficit payments of £8,344 p.a. over the period lo April 2027 (2024 £8.344 p.a. to April 2027). accordingly ihis is shown a liability in these accounts. In addition. Paisley YMCA is required to contribute £2.046 12024 - £1,592 p.81. to ihe operating expenses of the Pension Plan and ihese costs are charged lo the Statement of Comprehensive Income made. The charity also operates a defined contribution pension scheme. Contribution5 payable lo the charity's pcnsion schemc are charged to the Stalemenl of Financial Activities in the period to which they relate. Cash #t bink and In hind Cash al bank and c&sh in hand includes cash and short tcmi highly liquid invementS with a short maturity of Ihree months or le55 from the dale of a¢quisilion or opening of the dewsil or sirnilar account. Page 9 conlinued,-
PAISI.EY YOUI%C. MENS CHIUSTIAN ASSOCIATION NOTES TO THE FINANCIAL STATF.MENTS- contlnued FOR THE YEAR EYDF.D JI MARCH 202$ AC.C.OUNTING POI.ICIES- continued Debtors Trade and other debioTh are r¢¢o&Jni%cd ai the seiilemeni amouni duc aftcr any discount offered. Prepayments ar¢ valu¢d al the amount prepaid nel of any discounts due. Creditors and provisions Credilorg and provisions are recogniscd wher¢ the charity has a present obligation resulting from a p&si ev¢nt Ihat will probably requli in the transfer of funds lo a third party and the amount due lo 4ettle thc obligation can be measured or estimated reliably. Creditors and provisions are normally rccognised al their settlement amount after alluwing for any di%counls due. Flnancial Instruments The ('harity li&% ¢lecled lo apply the provisions of Section I I 'Basic Financial In.slnbmenls' and Section 12 ' (Xher Financial Inslruments Issue5, of FRS 102 10 all of il% financial inslrumenls. Financial insirumenl% are reco&rnised in Ihc ¢harity'5 balance shed when Ihe Chariiy becomes party lo the conlraclual provisions of the insirumeni. Financial and liabilities are off.. with the nei ainount% prv4enied in Ihe financial 4iaiemenis. when ihere i a legally enforceable righi to w off the re¢ognised amounts and there is an inienlion to setile on a nel ksis or lo realise ihe a%sd and seiile Ihe liability simulianeou%ly. Basic financial Basic financial 8%set%. which includc debtors and cash and bank balances, are initially me&%ured ai tranctiOn price including Iran4aclion% ¢051% and are %ub4equenily carried al 4morti4ed co41 using ihe effeciive inieresi meihod unless ihe arrangement cons1ilul¢s a finanLin¥p Iran5aclion. where Ihe Iran%aclion is me&4ur¢d al Ihe pre%enl value of the fulure reLeipl% diOunted al a market raie of inieresl. Financial aslets classified as receivable th'iihin one year arc nol amortiKd. Financial &sselq are derecogni4ed only when the cunlraciual right% lo the c&4h llow% from Ihe asset expire or are 5eiilcd. or whcn Ihc charily Iran%fer% the financial a%5cI and %ub%lanlially all ihe risks and reward% of ownepihip lo another enlily, or if some %i¥nifi¢anl risks dnd rewards of ownership are retained bui control of Ihe h& Iran%ferred lo anoiher party Ihal is able lo sell Ihc a&sel in ils entirely lo an unrelated third party. l&sific lion of fin ci Financial liabilitie4 and equity insirumenls are cla85ified according lo Ihe subslance of Ihe conlraclual arrdngemenls enlered inlo. An cquily in.4irumenl is any conlrdct that evidences a residual inleresl in the a15 of Ihe charity after d¢duciing all of 114 liabilities. sic finan liabilities Basic financial liabiliiies, including credilors, are initially wognised al transaction price unless ihe arrdngement conslilutes a financing tran5aciion, where Ihe debi inslrumcnt 15 mcasured ai the present value of the future payinenis discounted al a market rate of intere51. Financial liabilities ClaSIfIed as payable within one year are not amortised. Page 10 continued..
PAISLEY YOUNG MENS CHIUSTIAN ASSOCIATION NOTES TO THE FINAI¥CL4L STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31 WCH 2025 IIYVESTMENT COmE 2025 2024 Reni Divid¢nds and inler¢st 28,407 29,399 3,917 28.407 33J16 II¥COME FROM CHARITABLE ACTtVlTIES 2025 2024 Activity Assoeiation Grnnts 90.833 91.914 Grams received, included in the abov< ore as follows: 2025 2024 Renfrewshire Council Big Lottery Fund Engage Renfrewshire National Lottery Bank of Scolland Robertson TNSI her grant$ 8.500 33.333 3,581 53,333 25.(MY) 25.C 25.¢XM) 90.833 9J.914 RAISING FUNDS Invtttnn¢ min8em¢nt ¢Nts 2025 2024 Portfolio mageMent 1,118 CHARITABLE ACVITIEs COSTS Support osts (see note 6) Dir¢¢t co$ Tota15 Associati• 143.564 24.849 168.413 Pagell coniinued...
PAISLEY YOUNG MENS CHRISTIAli ASSOCIATION NOTES TO THE FINANCIAI. STATEMENTS - continued FOR THE YEAR F.YDF.D 31 MARCH 2025 SUPPORT COSTS Association offi¢c Pension deficit liabiliiy Governance Govcrnan¢e Totals Association 17,187 2.784 4.617 261 24.849 TRLSTEES. REMUNERATION AND BLNETrII'S There were no Iru5tees' remunerdlion or other benefils for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no InJsie¢s' expense4 paid for Ihe year ended 31 March 2025 nor for Ihe year ended 31 March 2024. ST AFF COSTS 2025 2024 Wagvy and 4alaries Social security costs Other pension cosis 100,052 97.741 1.128 1.274 1,6.17 103,052 100.143 The average monihly number of einployees during Ihe year as follows: 2025 2024 Charitable aclivilies No employees received emolum¢nls in excess of £60.000. COMPARATIVE.S FOR THE STATEMENT OF FIIYA]%CIAL ACTIVITIES Unreslricled fund Reslriclcd Toial INCOME AND ENDOWMENTS FROM Ch4rit*ble Activitles Aswcialion 25,IK)O 66.914 91.914 Inveslmeni income Oiher income 33.316 6.641 33..116 8,941 2.-100 Total 64,957 69.214 134,171 EXPE.YDITURE ON Raising funds ChArltable aCtIlIeS Associaiion 44,397 98.489 142.886 5 New Street. Paisley 65.427 65.427 Total 110,942 98.489 209,431 Pag¢ 12 conlinued...
PAISLEY YOUNG MENS CHRISTIAN ASSOCIATION IYOTES TO THE FINAPICIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcfJviTIES- continued Unreslricled Restricted fund funds Total Net gainsJ{losses) on investments (4,115) {4.115) NET INCOMEI(EXPENDITURE) Oiher recogni$ed galnsl(losses) GainsJ(losses) on revaluation of fixed a55ets Actuarial gains on defined benefit schemes {50.1(K)) (29.275) (79,375) (172,258) 24,816 (172258) 24.816 Net movement In funds {197,542) (29,275) (226,817) RECONCILIATION OF FUNDS Toial funds brought fotward 776,188 64,2( 840J88 TOTAL FUNDS CARRIED FORWARD 578.646 34,925 613,571 io. TAIYGIBLE FIXED ASSETS Fixiures Freehold property fittin8S Totals COST OR VALUATION At l April 2024 and 31 March 2025 91.667 7.658 99,325 DEPRECIATION Ai l April 2024 and 31 March 2025 7,658 7,658 NET BOOK VALUE Ai 31 March 2025 91,667 91.667 Ai 31 March 2024 91,667 91.667 Cost or valualioTJ ai 31 March 2025 is represented by.. Fixtures Freehold property fillings Tolals Valuation in 2016 Valuation in 2024 Cost 121.667 (30,(K)O) 121.667 (30,OIXI) 7.658 7,658 91,667 7.658 99,325 The offices of the Paisley YMCA at 39 High Street, Pai51ey wcrc valued by Shepherd Commercial on 6th September 2024 at £91,667. The ori8in81 cosl ofihe property is unknown. Page 13 ¢ontinud...
PAISIXY YOUNG MENS CHRISTIAN ASSOCIATION NOTES TO THE FINACIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 31 MARCH 2025 ii. II¥ITSTMENT PROPERTIES FAIR N'ALLE Al l April 2024 and 31 MaTch 2025 408,3.13 YET BOOK VALUE At 31 March 2025 408,333 At 31 March 2024 408.333 Fair value ai .1 l March 2025 is represenied by.. VBIukiioii in 2016 Valuaiion in 2024 553.3.13 (145,Crf)O > 408.333 Investment prnperties were valued by Shepherd Commercial as follows.. Dale of %'alualion 6ih September 20?4 6th Sq)iember ?0!4 5 New Slred. Paisley 39 Iligh Sireet. Paisley 225.0(KJ l RJ.133 408,331 The oripnal CO of the above properties are unknown. 12. DEBTORS: ANIOUNTS FALI.ING DLE WITHI1¥ ONE YEAR 2025 2024 Trade deblors Prepayments and ¢rU¢d inwme 260 4,993 8.237 5.253 Page 14 continucd...
PAISLEY YOUNG MENS CHRISTIAIY ASSOCIATIOP4 NOTES TO THE FINANCIAL STATEMENTS- rontlnued FOR THE YEAR Ef4DED 31 MARCH 202S 13. CREDITOR5: AMOUNTS FALLING DUE WH]N OIYE YEAR 2025 2024 Chher loans (see note 15) Pension deficit liability Accruals and deferr¢d income 4.220 8J44 26.470 8.344 15,174 39.034 23,518 14. CREDITORS: AMOUNfs FALLING DiiE AFTER MORE TIIAN ONE YEAR 2025 2024 Pension deficit liability 9.039 17,382 15. LOANS An analysis of ihe maiuriiy of loans is 8iven below: 2025 2024 Amounts fallin8 due within one year on demand: Other loans 4.220 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Toial nds 2024 Tolal funds Unrestricted fund Restri¢tai funds Fixed assels Investments Current assets Curr¢nt liabiliti¢s Lon8 lerm liabililies 91.667 408.33.1 ,05? 139,034) (9.039) 91.667 408.333 36.902 139,034) {9.039) 91.(>67 408.333 154,471 (23.518) (17.382) 28,850 459,979 28.850 488.829 613.571 17. MOVEMENT IN FUNDS Net movement in fund5 At 3113125 At 114124 Llnrestrf¢ted thnds Genernl fund 578,fA6 (118,667) 459.979 Restrl¢ted fvnds Programme 34,925 (6,075) 28,850 TOTAL FUNDS 613,571 (124.742) 488,829 Page 15 conlinued...
PAISLEY YOUNG MENS CHIUSTIAN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- wntinu¢d FOR THE YEAR E1)ED 31 MARCH 202 17. MOVEMENT IN FUNDS- wntlnued Ncl mov¢meni in fvn(L& included in the above are &s follows: Incoming resourc¢s Mol'emeni in funds expended Unrestrlcted funds G¢neral fund 31J91 (150.05B ) (118,667) Restrlrted funds Programme 90.833 (96.9)8) (6.075) TOTAL FUNDS 12?.2?4 (246,966) (124,742) Compflridves for movement ID funds Net movemenl in funds Ai 114123 3111124 L'nreitrlded fundi G¢rKral fund 776.188 (197.542) 578.646 Restrlcted fundi Programme 64.2 (29,275) 34.925 TOTAL FUNDS 840.388 {226,817) 613.571 CornpaTative nei movement in funds. includ¢d in th¢ above Are as follo,5., Incomin8 rcsour¢Gs Gains and Movement in funds expended Unresirlet¢d fund$ General fund 64,957 (110.942) (151,557) (197,5421 Rtttritted thnd5 Prograrnme 69.214 (98.4891 (29.2751 TOTAL FUNIKS 134.171 {209.4311 (151,557) (226,817) Page 16 continued...
PAISLEY YOUNG MENS CHIUSTIAN ASSOCIATIO]Y NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is a4 follows: Nel movement in funds At 3113125 Ai 114123 Uorestrleted funds General fund 776,188 (316.209) 459,979 Restrlcted funds Progrdmme 64.200 (35J50) 28,850 TOTAL FUNDS 840,388 (351.559) 488.829 A curreni year 12 months and prior ycar 12 months combincd nct movement in fund% included in the above are as follows.. Incomin8 r¢souwes Gains and Movement in funds expended Unrestrleted fundj Generdl fund 96.3411 (261,IXN)) {151,557) (316,209) Restrlcted funds Pro¥rammc 160.047 (195,397) (35,350) TOTAL FUNDS 256,395 (456.397) (151,557) (351.559) 18, EMPLOYEE BENEFIT OBLIGATIONS Paisley YMCA participated in a contributory pension plan providin8 defined benefits b&sed on final pensionable pay for employces of YMCAS in England. Scotland and Wales. The assets of the YMCA Pension Plan are held separdlely from Ihose of Paisley YMCA and at the year end these were invesled in Ihe Mcrcer Dynamic Devrisking Solulion, 650/9 matching portfolio and 350/0 in the grow¢h portfolio and Schr(Kler (propety units only). The most recent completed thrtt year valuation was Ls al l May 2023. The assumptions u8ed which have the most significant effect on th¢ re%ulis of the valualion arc those re1Ing to thc assumed rale% of rdurn on assels of 4.56/.. the increase in pensions in payrnenl of 3.18/. (for RPI capped at 5•/0 p.a.). and Ihe average life expectancy from nomiai rdirement age (of 65) for a current male pensioner of 21.5 years. female 24.0 years. and 23.1 y¢aPi for a malc pensioner, female 25.7 yrdri, retiring in 20 year%, lirne. The result of ihe valuaiion showed that the actuarial value of the assets was £103.Im, which rq)resenled 92/0 of ihe benefi15 thal had accrued to members. The Pension Plan was closed lo new members and future service accrual with effe¢1 from 30 April 2007. Wilh the removal of the salary linkage for benefi15 all employed deferred members became deferred memben% as from l May 2011. The valualion prepared as al l May 2023 showed Ihal the YMCA Pension Plan had a deficit of £9.1 million. Paisley YMCA has been advised that 11 will need lo make monthly contributions of £696 from l May 2024. This amount is b&saJ on thc current acluarial &55UrnPtion5 (as outlined above) and May vary in the future as a result of actual perfomiance of the Pension Plan. The current recovery period is 3 years commencing 1st May 2024. 2025 2024 Page 17 continued...
PAISLEY YOUNG MENS CHRISTIAN ASSOCIATION NOTES TO THE FI AliCIAL STATEMEN13- ¢onilnu FOR THE YEAR ENDED 31 MARCH 2024 EMPLOYEE BEf*EFIT OBLIGATIONS- continued Repayable.. Within on¢ y¢ar 8,344 8.344 One io two years Two lo five year 8,344 696 8J44 9.038 Repayable after more than one yeAr 9.038 17.382 Tot&1 liAbilily 17,382 25.726 A biennial vBlualiDn of the 4'cheme is due in the neor fUre And a redufflion in the liability is anlieipaied. Defined wntrlbutlon scheme During the year ihe association operaied a defined contribution pension scheme for lis employeo. The &iset% of the scheme are held separately from those of the company in an independenil>' adminislercd fund. The pension co81 charge represenis conlribulions payable b>. the company lo the fund aTKI amoun1$ 10 £1.617 (2024 - £1 ?741. The arnouni of contnbulions oulslanding al ihe year end was £nil (2024 - £nill. Emplvyees who were entitled to join Ihe 8cheme chose to out. 19. RELATED PARTY DISCLOSL'RES There were no relaled party tran5aaions for the year ended 31 March 2025. Page 18
PAISLEY YOiIY4G MENS CHRISTIA1¥ ASSOCIATION DETAILED STATEME OF FINANCL4L ACtivrriES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Investment ID¢ome Reni Dividends and interest 28,407 29J99 3,917 28,407 33J16 Charltsble actlvltlts Grants 90.833 91.914 Other la¢on Miscellaneous income 2.984 8.941 Total IDeomln8 reKiureei 122.224 134.171 EXPENDITURE Investment InADftgemeDt $t$ Portfolio managemeni 1,118 Chirltibk let111 Wag Social security Pensions Rent Light. h¢ai and wai¢r Programm¢ expenses Repairs and rnainienan¢¢ Professional fees 96,908 1.363 1,637 11,185 3.754 2,974 894 24,849 94,853 1.128 1274 14.3IX) 7.498 2282 326 6CM) 143,564 122267 S New S¢rrt P•lil¢y Wages 3.144 25.698 23.085 3,123 2.888 10.869 35.115 8.508 Li8ht, heat and water Repairs and main1enance Professiond fees Insurance 23.503 7.147 78.553 65.427 Support eosts Assodadon offlce cogls Insurance Telephone Sundries Nonal donaiion Carried forward 10,862 3,156 414 1,236 15,668 2,577 2.932 3232 1200 9,941 This page does not fonn part of the statutory financial ststements Page 19
PAISLEY YOUNG MENS CHIUSTIAN ASSOCIATION DETAILED ST ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EhTIED 31 MARCH 2025 2025 ?0?4 Asso¢iatlon offlce costs Broughi fonvard Cleaning Depr¢¢iation of iangible and heritag¢ &&4eL% 15.668 1.519 9.941 3.070 305 17.187 13.316 Penslon defltlt Ilablltty 2.784 2.375 Goi'ernanee tosts Independent examiners fee 4.617 4221 CovernDee ¢osts Ae¢ountancy ind legal fees 261 707 Tolal resouree4 expended 246.966 209.431 Net expenditure before 8aln$ and loss (124.742) (75.260) Reqllsed rtto8nId yin# Dd IosMs Rcalised gainQ(104K4) on fix¢d asset ini'e%tmenls (4.115 Net expendlture (124.742) (79.175) This page does not fonn part of the siawtory financial Mat¢menls Page 20