COMPANY REGISTRATION NUMBER: SC283415 CHARITY REGISTRATION NUMBER: SC025599 YMCA Glenrothes Company Limited by Guarantee Financial Statements 31 March 2026 18 North Street. Glenrothes. Fife KY7 SNA 01592 610388 8 Mitchell Street. Leven. Fife KY8 4HI 01333 425250 www.patersonboyd.com PB AUDIT LIMITED REGISTERED AUDITORS
YMCA Glenrothes Company Limited by Guarantee Flnanclal Statements Year Ended 31 March 2026 Page Trustees, Annual Report {Incorporating the Directors, Report) Independent Auditor's Report to the Members 13 Statement of Financlal Actlvlties {Includin8 Income and Expenditure Account) 18 Statement of Financial Position 19 Statement of Cash Flows 21 Notes to the Financial Statements 22
YMCA Glenrothes Company Limited by Guarantee Trustees. Annual Report Ilncorporatlng the Dlrertors, Report) Year Ended 31 March 2026 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2026. Reference and adminlstratlve detslls Reglstered charlty name YMCA Glenrothes Charity registration number SC025599 Company reglstratlon number SC283415 Prlnclpal offi¢e and reglstered YMCA Glenrothes offlce l North Street Glenrothes Fife KY7 5PP The trustees George Cunningham (Chalrl lain Hawker (Vice Chairl John Baker Chris Bowring (Chair of Finance & Audit Committee) Pamela Butter (Chair of HR Committee) Gerry Dillon Richard Johnson (Retired 24 February 20261 Fawad Khaleel IRetired 5 June 20251 Cairinne MacDonald (Appointed 5 June 20251 Elaine Richards IAppolnted 5 June 20251 Brian Robertson-Fem (Chairl IRetired 5 June 20251 In Attendance Pamela Pate (Fife Council Link Officer) Chris Miezitis IFife Council Link Officer) Laura Marshall (Fife Council Link Officer) Cllr Derek Noble (Elected Member, Fife Council) Cllr Daniel Wilson IElected Member, Fife Council)
YMCA Glenrothes Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dirertors, Report) Icorttnuedj Year Ended 31 March 2026 Auditor PB Audit Limited Statutory Auditors 18 North Street Glenrothes Fife KY7 SNA Bankers Virgin Money Kin8dom Shoppin8 Centre 5 Falkland Gate Glenrothes Fife KY7 SNS Sollcltors Fords Daly Legal Limited Evans Business Centre l Begg Road John Smith Business Park Kirkcaldy Fife KY2 6HD structurei governance and management GovernSng document YMCA Glenrothes is a charitable company limited by guarantee, incorporated on 19 April 2005 and registered as a charity on 17 December 1996. The charity was established under a Memorandum of Understanding which set out the objectives and powers of the charitable company and is governed under its Article5 of Association. In the event of the charity being wound up, members are required to contribute an amount not exceeding £1. Organisational Strurture The charity has a Board of Trustees which meets at least four times a year and is responsible for the strategic direction and policy of the charity. The maximum and minimum number respectively of the Trustees is determined by the revised Articles of Association. At present the Board has eight members from a variety of professional backgrounds which are relevant to the work of the charity. There are also five ex officio non-voting Board members. The Board has two standing committees: Finance & Audit and Human Resources.
YMCA Glenrothes Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Directors, Report) l¢trnHn¥e4J Year Ended 31 Marth 2026 Strurturej governance and managementicortiJ Recruitment and Appolntment of Trustees The Directors of the charity are a150 charity Trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association in place for 2025126, the members of the Board are initially elerted for three years and are then eligible for a further three years at an Annual General Meeting. In exceptional circumstances. the Chair, Vice Chair and Chair of the Finance and Audit and HR Committees can be elected for an additional maximum of three years. During this post year, two new Trustees joined the Board at the AGM with two Stepping down at the AGM and one Trustee stepping down in February 2026 due to other commitments. As most of the charity's work focuses on young people, the Trustees seek to ensure that the needs of this group are appropriately reflected through the diversity of the Board. To enhance the potential pool of Trustees, the charity has. throu8h selective advertising and networking, Sought to identify individuals who would be willing to become Trustees and use their experience to as515t the charity. In the past year a further two Trustee have been recruited with a housing and voluntary sector speciality, and was appointed at the Charity's Annual General Meeting in June 2025. The more traditional businesses. public and voluntary sector skills are well represented in the Trustees. In an effort to maintain this broad skill mix, members of the Board are requested to provide a self-assessed list of skills. These are scrutinised by the Board in an effort to identify gaps. The most recent skills audit Was carried out at the beginning of the finan¢ial year Aprll 2025. In the event of particular skills bein8 lost due to retirements, individuals are approached through robust recruitment and selection, to offer themselves for election to the Board. Advertisements are also placed on appropriate recruitment and charitable websites. Trustee InductSon and Tralnln8 Trustees are encouraged to participate in staff training sessions in addition to their own specific sessions. New Trustees are invited and encouraged to V15it all the charity's projects and to shadow staff so that they can familiarise themselves with the charity and the context within which it operates. A full induction process is used which includes- the obligations of Trustees, documents which set out the operational framework of the charity including the Memorandum and Articles of Association and the financial posltion as set out in the latest published accounts. The charity uses The Scottish Charity Regulator's IOSCRI guidance. At least one Development Day per annum is held for Trustees, with two being held in 2025126 the purpose of which 15 to ensure that Trustee5 have up to date knowledge on all key aspects of the charity's work and to provide the opportunity for in depth discussion on specific topics. Risk Management The Board strives to ensure systems or procedures are established to mitigate the risks. The risk register is a standing item on the Board A8enda and is reviewed at least four times per year.
YMCA Glenrothes Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directors, Report) l¢ortthwedJ Year Ended 31 March 2026 Structure* governante and mana8ement1conthJ Internal control risk5 are minimised by the implementstion of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to all the charity's premises. The procedures are periodically reviewed to ensure they continue to meet the charity's needs. Staff have under8one relevant trainin8 durin8 2025126. None of the 8oafd have direct access to YMCA Glenrothes's intranet or internal file 5y5tems. All Cyber Security systems have been reviewed and with additional safeguarding being introduced to reduce ihe risk albeit due to the nature of the work undertaken the likelihood of a cyber-attack remains as a high risk. The ongoing penslon liability also remains a risk, but payments to meet the (ieficit will reduce next year. The triennial valuation of April 2023 brou8ht some good news for this multi-employer YMCA pension, of which YMCA Glenrothes is just one employer. The monthty contributions for YMCA Glenrothes from April 2025 have reduced and are expected to lessen going forward. As mentioned in prlor annual reports, the Board carried out a Si8nificant re-appraisal of the pension Ilability. It is still committed to retaining its membership of thi5 closed pension scheme, rather than borrowing to finance a buy-out of the pension liability. Engagement wlth other or8anlsatlons Includlng Flfe Coun¢ll During 2025126 the charity continued to work closely with partners especially the local authority and charitable or8anisations within Fife. Notable Events The Community Centre at North Street as stated in last year's report suffered severe damage in January 2025 durln8 and after a major storm. Significant dama8e to the flat roof, ceilin8s, floor coverin& floorboards, joists. walls. office furniture with notable damage in the kitchen area, foyer and staff offices. The overall Buildings reinstatement cost was £138,330, compared with the original estimate of £112,066. The a550ciated impact on operations meant that YMCA Glenrothes was temporarily displaced from the building and required to secure alternative aco)mmodation for staff teams and programme delivery. Business Interruption costs totalled: £27,454- Increased Cost of Workin& including rental of temporary Spaces{£2,4 per monthl The organisation wos out of the building for ten months in total. In addition to the insurance funded Instatemen¢ YMCA Glenrothes invested over £70,000 in further Improvements to enhance the long terni safety, resilience and compliance of the building. These included complete rewirin& a full heatin8 System replacement. an upgraded main fuse Board. and a range of structural improvements.
YMCA Glenrothes Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Dirertors, Report} {corfinve4J Year Ended 31 March 2026 Structurei 8o¥ernance and managementikMvbJ The final insurance settlement received was £192,651, comprising Buildings, Business Interruption IICOW), Business Interruption IGr05s Profit) and Contents elements. The North Street Community Centre is over 65 years old, and this represents the first major claim of this scale in the building's history. Thanks to both the reinstatement and the further enhancements made, the facility is now in a significantly improved condition and well positioned to continue serving the community forthe long terni. At the upcoming Annual General Meetin& Geor8e Cunnigham will step down as Chair of The Board of Trustees after an outstanding tenure of eleven years as a dedicated Board member. His commitment and support have been invaluable in steerin8 YMC4 Glenrothes towards growth and success. His contributions have left a lasting impart on the organisation, and we extend our deepest gratitude for his service. A5 we prepare for this transition. we recognise and celebrate the legacy he leaves behlnd and look forward to building upon the strong foundation he ha5 helped shape. Chris Bowring will step down as Chair of the Finance and Audit Committee following the completion of her thlrd term as a trustee. Throu8hout her tenure, Chris has played a pivotal role in guiding the organisation throu8h significant periods of chan8e. Including the procurement of Empty Homes properties, the development of new investment OPF)Ortunitie5. and the uncertainties faced during the Covid-19 pandemic. We extend our sincere thanks to Chris for her dedicated service, leadershlp, and commitment to the organisatlon. In looking to the future and sustainability of its properties. YMCA GleDfOthes secured monles for capital improvements durin8 2025126. These grants were spent at the Y Community Centre, whilst storm damage repairs were being undertaken, significant upgrades were also completed. These Included the replacement of key infrastructure such as electrical system5. heating, lighting, CCTV and alarm systems, all of which have strengthened the long-term viability of the facility. Full refurbishment of the supported people accommodation also took place acr055 the sites, ensuring Improved comfort, safety and quality for residents. YMCA Glenrothes, attention is still focused on the ownership of the ARCH male hostel. This hostel requires compliance each year with Housing of Multiple Occupancy IHMOI legislation. This has not pro8re55ed in the financial year gwen Fife Council's commitment in 2021122. Remuneration of Staff While extra activities and programmes are assisted by external grants, wage5 for the YMCA'S core work must be met by Service Level Agreements to preserve financial stability within the organisation. During 2025126 YMCA Glenrothes ensured that wages increased to meet the Real Living Wage. Applying the Real Living Wage has now become a condition for any Service Level Agreement issued by Fife Council.
YMCA Glenrothes Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directors, Report) {mnUnvedJ Year Ended 31 March 2026 Stru¢ture, governance and management(¢•DbtyJedi In the past year. YMCA Glenrothes renewed its ttvo longstanding Setvice Level Agreements. These same Agreements have been given approval for continuation during 2026127. With re8ard5 to wage5, the Board applies salary increments, subject to staff performance, at the beginning of each financial year. Any cost-of-living increase is made, as appropriate and affordable, following review of the first two quarrerfs financial results. Financial Overview A scheme of delegation is in place for financial overview. The financial regulations were redrafted in 2025 and approved by the Board. Day to day responsibility for the provision of the seThices rests with the CEO, who is responsible for ensurin8 that YMCA Glenrothes delivers the services specified, that key performance indicators are met and that teams continue to develop their skills and working practices in line with best practice. Objectlves and activities The charity's objectlves and principal activities are to:_ provide supported accommodation to homeless men and women aged 16 and over in Fife,. provide learning. leisure and development opportunities to people in the Glenrothes area; The main objectives and activittes for the year continued to focus on the promotion of the above. The strategies employed to assist the charity to meet these objectives included the following'.- providing a range of services which reflett the relevant quality standards and addres5 the potential problems of the charity'5 clients: working towards applying national standards of service and codes of practice,. working in partnership with other agencies and charities to ensure the widest P055ible ran8e of services is available to meet and match the needs of the charity's clients. Compllance Although the charity is mindful of its objectNes and activities. the charity would not exist unle55 it was compliant with regulations and standards. YMCA Glenrothe5 follows Fife's Inter Agency Child Protection Guidance and related policies including the Inter Agency Information Sharing Protocol. Staff and where relevant. volunteers participate in training provided by the Council. All managers receNed Child Protection management training in 2025 with renewals required in 2026127. The Proterting Vulnerable Groups IPVGI scheme requires that staff and volunteers who provided 'regulated service" have Disclosure checks before commencing solo work at YMCA Glenrothes. PVG checks have been updated this year, with renewals every three years. Basic Disclosure checks are carried out for Board Trustees and are up to date.
YMCA Glenrothes Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) {continvtdl Year Ended 31 Marth 2026 Achievements and perfomiance Y Supported Accommodatlon YMCA Glenrothes 'Y" Supported Accommodation manages homeless accommodation in hostels and further 11 local authority flats within the Glenrothes area. Each night the YMCA Glenrothes supports 58 homeless people aged between 16 and 60. People are referred to the charity by Fife Council. once they become homeless. Occupancy leve15 at all YMCA homeless premises have remained high, averagin8 91% acro55 ARCH, Farmhouse and Shared Accommodation Partnership ISAPI throughout the year. Durlng the twelve months 1st April 2025 to 31st March 2026, YMCA delivered 10.858 hours of support to a total of 206 homeless people in the Glenrothes area. Although we supported 206 people thls past year, we are aware that 2.7CKI people are still currently classed as "homeless" and on a waiting list in Fife. Y Muslc In 202512026 YMCA Glenrothes was granted an additionol yearfs funding from the Community Recovery Fund to re-activate music for youn8 people. This project commenced in January 2024 and continued with funding from the National Lotteries Awards for All grant. Further funding has been secured funding for next year for 202612027. Y Music enables youn8 people to study with professional music tutors, learn a variety of instruments as well as electronic darbce music programmin& voice work and playing together. Other activities Include son8 writing classes and song-producing ses5ion5. All the data that is produced by youn8 people can be captured In their own online digital portfolios. to showcase their work to others online. YouthLlfe YMCA Glenrothes relaunched its Youth Work offer in partnership with Fife Council through three-year National Lottery Community Fund support. The year began with an eight-week programme for low and non-attending pupils at Glenrothes High School, which wa5 extended due to the positive progress demonstrated by participants. YouthLife Continued to grow throughout the year, includlng the introduction of a new three-year Environmental Development Worker post, strengthening our focus on environmental youth work and widening opportunities for young people across Glenrothes. Alongside this, YouthLife led mentoring and transition support for P7 to 51 pupils and began preparations for a wider youth consultation to shape future provision. Across the year YouthLife delivered an extensive programme of activity and built strong partnership5 with CLD, Education, Police Scotland, voluntary or8anisations and neighbouring YMCAS supported a joined-up approach, benefiting a total of 242 young people. supported by two volunteers. YouthLife's work has had a clear and positive impart on young people'5 confidence, attendance, relationship5, skills and wellbeing.The esports prograrnffle grew significantly, resulting in a second-place national finish and strong personal development for participants.
YMCA Glenrothes Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report}i¢tyTrthye Year Ended 31 March 2026 Achlevements and perfomiance {tOJrtuMi Skills Development Work Skllls Devekspment Work continued to provide different opportunities for people to thrive in homeles5 atcommodation. OpFlOrtunities included healthy one-to-one cooking sessions which were tailored to an individual's preference and dietary requirements. This programme would not have been possible without the help of local volunteers. Outdoor sessions enabled people to improve gardenin8. These skills development life-enhancing sessions also focussed on outdoor education as a way to keep people engaged with the natural environment. We encourage local volunteering and mana8e positive connections between homeless people and volunteers from the immediate local community. Supportlng People Dlgltally In 2025, YMCA Glenrothes launched Y Digital. strengthening efforts to break the cycle of digital poverty through digital inclusion. Over 700 sessions have been provided this past year, givin8 individuals digital support in areas they have requested. Through the YMCA Digiial Academy those over 16 years of age facing barriers to employment, education, and digltal participation have gained confidence. Demand is at its highest level, with waiting list of 30 individuals referred by DWP and further referrals from Women's Aid, Fife Gingerbread, Health & Social Care. and the Fife Council Employability Team. YMCA Glenrothes and Fife College have strengthened thelr future partnership by formally signing a Memorandum of Agreement IMOAI. This agreement sets out a shared commitment to deliver digital support, learning opportunities, and a range of additlonal programmes designed to enhance the skills nd confidence of leafners across the community. Llnk Offlcers The charity is well Seed with three link local authority officers who provide guidance, advice and support to the charity. Link officers represent Fife Council Housing Access and Homelessness Services a5 well as Community Learning and Development. YMCA Glenrothes provides agenda and minutes of meetings and annual audited accounts to each Link Officer. They are eligible to attend Board Meetings as obseNers. Where appropriate the Chief Executive Officer would inforffl Fife Council immediately of any pending investigation prior to commencement. The Management team meet on a quarterly basis lat least) wilh the said Link Officers.
YMCA Glenrothes Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dirertors, Report) (&tImLIj Year Ended 31 March 2026 Achlevements and perfomiance {¢0ntitsj Property For Let The Board, mindful of the sustainability of the charity. has attrarted alternative investments into the organisation. The Trustees agreed a pro8ramme of development of houses for individuals and families to meet the charity's objertives and to provide an increasing sustainable growth of charitable assets. The charity has a portfolio of 10 rental properties providing a regular and sustainable Income for the charity. Finan¢lal review Against the backdrop of rising inflation. it continues to be a challenge to plan and develop seNlces. Overall the charity has a financial surplus for the year of £162,70612025= £82,673) this includes an In year surplus of £95,300 12025.- £66,673) for unrestricted funds and a surplus of £67,406 12025.. £16,000) for restricted funds/projects which represent5 unexpended monies for these projects and is not freely available for general use by the charity. The staff team are managed within a robust recruitment, selectlon and staff support framework to ensure that the quality of services and grant funding requirements are maintained. Onllne banking Is fully enabled and expenditure Is now authorlsed electronically with two sl8natories and checks in place. This is a condition of the constitution and banking, to ensure that two of the designated signatories approve all online payments. Prlnclpal Fundlng Sources As mentloned under 'Remuneration of Staff,, the prlncipal funding sources for the charity are currently by way of grant and Service Level Agreement fees from Fife Council. A5 a result of increasing constraints on local authority expenditure the charity continues to seek additional funding from a broad spertrum of sources. Investment Pollcy The Memorandum and Articles of Association of the charity authorise the Board of TrusteeslDirectors to make and hold investments using the general funds of the charity. The charity appointed investment managers during 2017118. As per the financial regulations. the Board reviewed the investment management provision during 2025126 and decided to remain with Rathbones. The Board will continue to undertake regular reviews of investment provisions. Monies held within the investment portfolio are managed cautiously-
YMCA Glenrothes Company Llmited by Guarantee Trustees, Annual Report (Incorporating the DirectOTS' Reportl l¢ty¥tlnuedJ Year Ended 31 Marth 2026 Flnanclal revlew {ConNn} Reserves Pollcy The Board of Directors has examined the charity's requirements for reseryes in light of the main risks to the organisation. It has established that fvnds not committed or Invested in tangible fixed assets held by the charity should cover, in the long term, approximate three months running costs which are estimated to total approximately £373.0. The present level of unrestricted reseryes available to the charity currently stands at £856,587 (consisting of £1,050,320 of fixed assets and investments, £191,501 of net current liabilities and £2,232 of long term liabilities) and is therefore in line with the reserves policy. The charity also has restricted funds which amount to £l.CM)2.135 and represent funding awarded for specific project5, these funds are not available for general use by the charity. External Envlronment YMCA Glenrothes is conxious of annual costs and the cost-of-living. With this in mlnd, costlbenefit analyses were carried out for two major supplier contracts. The charlty is acutely aware of the ongoing pressures of Costf-1Niftg and the anti-poverty agenda. YMCA plans its activities for Glenrothes usin8 the local authority's 'Plan4Fife" 12017 - 20271 and the 'Plan for Glenrothes Area" 12023- 20261 to develop activities in community learning and homeless housing support. YMCA projects are aimed at enhancing mental healih and physical health and wellbeing for the improvement of learnin& knowledge. skills and self-confidence. The charity is pleased to have attracted many external grant5 over the years in furthering these aims. It is the aim of the charity to continue to Pufsue grants primarily, and where appropriate, loans. The charity continues to manage an ongoing loan. Christian Fellowship Christian Fellowship 8uides the charity's activities. A5 mentioned above, the charity's North Street community centre continues to be the centre for a diverse range of activities- youth clubs, adult and youth basic education, creative arts education, 5POrts and social seNices, seven days a week. Although the Centre is open to everyone in the community, Christian fellowship still provides its guiding principle5. A range of partners provide other services such as issue-based counselling, mental health and wellbeing support, advocacy and other health Servi$. YMCA Glenrothes is affiliated to the worldwide movement of YMCAS and YMCA Scotland. io
YMCA Glenrothes Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) I¢¢[Au¢&) Year Ended 31 March 2026 Plans for future perlods The capital focus for the charity during 2026127 will be the Community Centre at North Street, the building damage as mentioned previously allows the opportunÉty to review our building layout to ensure it is purposeful for many years to come. The YMCA Glenrothes owns 100% ofthe ARCH, however the Board ofTrustees approved a IO% stake to be sold to the local authority in 2021122. This forthcoming sale will enable Fife Council io become the 501e HMO licence holder, rather than the YMCA. In doing so, the local authority will meet its statutory obligations for HMO licensing. Although Board approval was given in 2021122, this property transaction is still ongoin8. Applications to grant makers continue, especially those grant makers concerned with Youth Work, Climate action, Digital services, Skills Development work and adult basic education, capital improvements and funding for programmin8 Irevenuel. Staff and Volunteer5 The Board would like to thank all members of staff and volunteers for all their hard work throughout the year. The Board appreciates the individual and team contributions. Trustees, responslbllltles statement The trustee5, who are a150 dirertor5 for the purposes of company law, are responsible for preparing the trustees, report and the financial statement5 in accordance with applicable law ond United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepa financial statements for each year which give true and fair view of the state of affairs of the charitable company and the incoming resource5 and application of resources. including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policie5 and then apply them consistently; observe the methods and princlples in the applicable Charities SORP: make jud8ments and accounting estimate5 that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subjert to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going Conrn ba515 unless it is inappropriate to presume that the charity will continue in business. li
YMCA Glenrothes Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrertors, Report) {C¢7ntlnuedJ Year Ended 31 Marth 2026 Trustees, responslbilltles ststement f¢ty¥ti•J The trustees are responsible for keeping adequate accountin8 record5 that are sufficient to Show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2Crf)6. They are also responsible for safeguardin8 the a55et5 of the charity and hence for taking asonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who is a trustee at the date of approval of this report confirms that.. so far a5 they are aware, the is no relevant audit inforniation of whl¢h the charity's audltor is unaware,. and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit inforniation and to establish that the charity's auditor Is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. Small company provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report (incorporating the directors, report) was approved on 11 June 2026 and signed on behalf of the Board of Trustees by: George Cunningham Chair 12
YMCA Glenrothes Company Limited by Guarantee Independent Auditor's Report to the Members of YMCA Glenrothes Year Ended 31 March 2026 Opinion We have audited the financial statements of YMCA Glenrothe5 (the 'charity'l for the year ended 31 March 2026 which comprise the statement of financial activitie5 lintluding income and expenditure accountl, statement of financial position, Statement of cash flows and the related notes, including a summary of Significant accounting policies. The financial reportin8 framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity'5 affairs as at 31 March 2026 and of its incoming resources and application of resources, includin8 Its income and expenditure, for the vear then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. have been prepared In accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotlandl Act 2Crf)5 and regulation 8 of the Charities Accounts IS¢otlandl Re8ulatlons 26 las amended). Basls for opinlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKI} and applicable law. Our responsibilities under those standards are further described in the auditor's responslbilitSe5 for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial Statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficlent and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financlal statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectNely, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve month5 from when the financial statements are authorised for issue. Our responsibilities and the responsibilitie5 of the trustee5 With respect to going concern a described in the relevant sections of this report.
YMCA Glenrothes Company Llmited by Guarantee Independent Audltor's Report to the Members of YMCA Glenrothes{¢onbn¥edl Year Ended 31 March 2026 Other information The other information comprises the information included in the annual report, other than the financial statements and our auditorf5 report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated In our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility 15 to read the other Information and, in doing so, consider whether the other informatiorb is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the finoncial statement5 or a material misstatement of the other information. If, based on the work we have perfornied, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters pre5crlbed by the Companles Art 2006 In our opinion, based on the work undertaken in the course of the audit: the Information given in the trustees, report for the financial year for which the flnancial statements are prepared is consistent with the financlal statements; and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understandin8 of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report, included within the trustees, annual report. We have nothing to report in respect of the followin8 matters where the Companies Act 2(X)6, the Charities and Trustees Investment (Scotlandl Act 2005, and the Charity Accounts (Scotlandl Regulations 2006 las amended) requires us to report to you if. in our opinion: adequate and proper accounting records have not been kept- or the financial statements are not in agreement with the accounting records and returns; or certaln disclosures of trustees. remuneration specified by law are not made- or we have not received all the infom)ation and explanations we require for our audit,. or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the director5, report. included within the trustees. annual report, and from the requirements to prepare a strategic report. 14
YMCA Glenrothes Company Limited by Guarantee Independent Auditor's Report to the Members of YMCA Glenrothes {contIn[} Year Ended 31 March 2026 Resp¢nsiblllttes of trustees As explained more fully in the trustees. responsibilities statement, the trustees (who are also the directors for the purposes of company lawl are responsible for the preparation of the financial Statements and for being satisfied that they gNe a trne and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial Statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable, matters relaled to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Audltor's responslbllltles for the audlt of the financlal ststements We have been appointed as auditor under section 44llllcl of the Charities and Trustee Investment Iscotlandl Act 2005 and under the Companies Act 2cK)6. and report in accordance with the Acts. and the relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are consldered material if, individually or in the a8gre8ate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect materlal misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, includin8 fraud is detailed below: Based on our understanding of the Charity and Sector, we identified that the principal risk5 of non-compliance with laws and regulations related to breaches of UK re8ulation5 and prohibited business practices, and we considered that the extent to which non-compliance might have material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such a5 the Companies Act 2006. We evaluated management's incentives and opportunitie5 for fraudulerst manipulation of the financial statements lincluding the risk of override controls). and determined that the principal risks were related to the potential posting of inappropriate journal entries to manipulate financial results and management bias in accounting estimates. Audit procedures performed by the engagement team included.. Enquiry of management, those charged with governance and the entity's sollcitors around actual and potential litigation and claims. Reviewing minutes of meetings of those charged with governance includin8 the Board. 15
YMCA Glenrothes Company Limited by Guarantee Independent Auditor's Report to the Members of YMCA Glenrothes 1conbnj Year Ended 31 March 2026 Evaluation and testing of the operating effectivertess of management's controls designed to prevent and detect irregularities. Identifying and testing journal entries based on risk criteria. Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing. Investigated the rationale behind si8nificant or unusual transactions. Reviewed clients risk register for anything unusual. Reviewed accounting estimates for evidence of bias. Performed analCa1 review and sample testing of income. Agreed financial statement disclosures to SUPPOrting documentation. There are inherent limitatlons In the audit procedures described above. We are le55 likely to become aware of instances of non-compliance with laws and re8ulations that are not closely related to events and transactions reflected in the financial 5tatement5. Also, the risk of not detectin8 material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment byi for example, forgery or intentional mlsrepresentatlons, or through collusion. As part of an audit in accordance with ISAS IUKI, we exercise profe55ional judgment and maintain professional scepticism throughout the audit. We also: Identlfy and assess the risks of materlal misstatement of the financial statements, whether due to fraud or error. design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, a5 fraud may involve colluslon, forgery. intentlonal omissions, misrepresentations, or the override of of interna5 control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effecttveness of the internal control. Evaluate the appropriateness of accountin8 policies used and the reasonableness of accountin8 estimates and related disclosures made by the Trustees. Conclude on the appropriateness of the Trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists relate¢J to events or conditions that may cast significant doubt on the charity's ability to continue a5 a going concern. If we conclude that a material urbcertainty exists, we are required to draw attention in our auditor'5 report to the related disclosure5 in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation. structure and content of the financia5 statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regardin& among other matters, the planned scope and timing ol the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. 16
YMCA Glenrothes Company Limited by Guarantee Independent Auditor's Report to the Mernbers of YMCA Glenrothes (cOnHm) Year Ended 31 Marth 2026 Use of our report This report is made 501ely to the charity's members. as a body, in accordance with Regulation 10 of the Charities Accounts (Scotlandl Regulations 2(#)6. Our audit work has been undertaken so that we might state to the charity's members those matter5 we are reguired to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Craig Wallace B.Acc.IHonsl, F.C.C.A. (Senior Statutory Auditor) For and on behalf of PB Audit Limited Statutory Auditors 18 North Street Glenrothes Fife KY7 SNA PB Audit Limited are eligible to act as auditors under the terms of Section 1212 of the Companies Act 2006. 11 June 2026 17
YMCA Glenrothes Company Limited by Guarantee Statement of Finanaal Activities (Including Income and Expenditure Account) Year Ended 31 Marth 2026 2026 Restricted funds Totsl funds Total funds 2025 Unrestricted funds Income and endowments Donations and legacies Charitable activities Other trading activities Snvestment income Other income 7,559 162.361 81,920 7.714 45 4,657 I.)1,465 ,571 12.216 1,163,826 90,491 7.714 171.666 21,851 1,098,623 84,825 10,622 171.621 Total Income 259,599 1,186.314 1,445,913 1,215,921 Expenditure Expenditure on raising funds: Costs of raising donations and legacles Expenditure on charitable activities io 11.12 7.246 344,757 2,733 1,138,859 9,979 IA83,616 6,243 1,160,311 Total expendlture 352.003 1,141.592 1,493,595 1,166,554 Net lexpendlture)Ilncome {92,4041 44,722 (47.682) 49,367 Transfers between funds 50,316 150.3161 Other reto8nlsed 8alns and losses Gains from revaluation of fixed assets Gain/llossl on investment assets iio,crf)o 27,388 73,000 183.000 27,388 32,OCKI 1,306 Net movement In funds 95,3CA) 67.406 162.706 82,673 Reconc115ation of fund5 Total funds brought forward 761,287 934,729 1,696,016 1,613,343 Total funds carried forward 856,587 I.C02,135 1,858,722 1,696,016 The statement of financial activitie5 includes all gains and losses reco8nised in the year. All income and expenditure derive from continuing activities. The noteson pages 22 to 38form p0rtofttr fknarKlal statements.
YMCA Glenrothes Company Limited by Guarantee Staternent of Financial Position 31 March 2026 2026 2025 Flxed Assets Tangible fixed a55ets Investments 754,741 1,145,202 675,117 1,068,145 19 1,899,943 1,743,262 Current Assets Debtors Cash at bank and in hand 23,603 60,160 23,506 115,768 83,763 139,274 Credltors: amounts falllnz due wlthln one year 21 122.256 162,533 Net Current Uabllitle5 38,493 23,259 Total Assets Less Current Liabillties 1,861,450 1.720,003 Credltors: amounts falllng due after more than one year 22 2.728 23,987 Net Assets 1,858,722 1,696,016 Funds of the Charlty Restricted income funds: Revaluation reserve Other restricted income funds Unrestricted funds: Revaluation reserve Other unrestrlcted income funds 499,322 502,813 426,322 508,407 398,556 458,031 207,258 554,029 Totsl unrestrlrted funds 856,587 761,287 Total charlty funds 24 1.858,722 1,696,016 These flnancial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages ZZ to 38fonn part ofthese fina141 statements.
YMCA Glenrothes Company Limited by Guarantee Statement of Financial Position 31 March 2026 These financial statements were approved by the Board of Trustees and auth0ri5ed for issue on 11 June 2026, and are signed on behalf of the Board by: George Cunningham Chair The note5 pages 22 to 38forni part of these financial statements.
YMCA Glenrothes Company Limited by Guarantee Statement of Cash Flows Year Ended 31 March 2026 20Z6 2025 Cash Flows from Operating Activitles Net lexpenditurellincome (47,682) 49,367 Adju5tmentsfor.' Depreciation of tangible fixed assets Dividends. interest and rents from investments Other interest receivable and similar income Interest payable and similar char8es Accrued income 9,274 17,648) (65) 923 19,425) 1,747 110,4011 12211 2.121 129,9761 Chunges in.. Trade and other debtors Trade and other creditor5 (971 (52,1111 2,511 26,444 Cash generoted from operations 1106,8311 41,592 Interest paid Interest received 1923} 65 12,1211 221 Net cash lused inl/from operating activities 1107,689) 39,692 Cash Flows from Investing Actlvltle5 Dividends, interest and rents from investments Purchase of tanglble assets Purchase5 of other investments Proceeds from sale of other investments 10.401 128,898) 15.142) 78,473 148,5771 79,162 Net cash from Investlng activitles 52,081 40,986 Net IDecrease)/lncrease In Cash and Cash Equlvalents Cash and Cash Equivalents at BeginnlnE of Year (55,6081 115,768 80,678 35,090 Cash and Cash Equlvalents at End of Year 60.160 115,768 The note5 on page$22 to 38f¢)Tm partof thesefinancial statements. 21
YMCA Glenrothes Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 Marth 2026 General Informatlon The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland and o registered charity in Scotland. The address of the registered office is YMCA Glenrothes, l North Street, Glenrothes, Fife. KY7 5PP. ststement of Compliance These flnancial statements have been prepared in compliance with FRS 102, 'The Financlal Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 1021 (Charities 50RP IFRS 10211 and the Companies Act 2¢XI6. Accountlng Pollcles Basls of Pfeparatlon The financial statements have been prepared on the historlcal cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Goln8 Concern There are no material uncertaintie5 about the charity's ability to continue. Jud8ements and Key Sources of Estlmatlon Uncertalnty The preparation of the financial Statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. includln8 expectations of future events that are believed to be reasonable under the circumstances. Taxatlon The charity is exempt from tax on income and gain5 falling wlthin section 50511) 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 objerts. The charity 15 not re8lStered for VAT and therefore expenditure is ststed inclusive of VAT. 22
YMCA Glenrothes Company Limited by Guarantee Notes to the Finanual Statements Icffiiim*dl Year Ended 31 March 2026 Accounting Policies le¢&¢) Fund Accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall Into one of two sub-classes: restricted income funds or endowment funds. Incomlng Resources All incoming re50urce5 are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is reco8nised when receipt is probable and entitlement is establlshed. income from donated goods is measured at the fair value of the goods unle55 this is impractical to measure reliably. in which case the value is derived from the c05t to the donor or the estimated resale value. Donated facilities and service5 are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of 8eneral volunteers. income from contracts for the supply of ServIS is recognised with the delivery of the contrarted seryice. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in whlch case it may be regarded as restricted. 23
YMCA Glenrothes Company Llmlted by Guarantee Notes to the Financial Statement5IcL¥rtinj Year Ended 31 Marth 2026 Accounting Policles ltonthl Resources Expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable tradin8 activities, and the sale of donated 8oods. expenditure on charitable activities include5 all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charStable activities. other expenditure includes all expenditure that is neither related to ralsing funds for the charity nor part of its expenditure on charitable actlvltles. All costs are allocated to expenditure cate8ories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the actwities they contribute to on a reasonable. justifiable and consistent basis. Tan8lble Assets Fixed assets are stated at cost less accumulated depreciation. Expenditure on replacement of fixtures and fittings in Supported Accommodation is written off to the Income and Expenditure account in the year in which it is incurred, as this more accurately reflects the useful lives of these replacement assets. In addition, all expenditure of a apital nalure where individual items are of a value less than £2,CrfX) are not capitalised. Depreclation Depreciation is calculated 50 a5 to write off the cost or valuation of an a55et. le5S its residual value. over the usefvl economic life of that asset as follows: Heritable land and buildings Furniture & fittings Motor vehicles Nil and over 3 years over 2 years over 4 years Investment Property Investment property is initialty recorded at cost. which includes purchase price and any directly attributable expenditure. 24
YMCA Glenrothes Company Limited by Guarantee Notes to the Finanual Statements (coJrtAl Year Ended 31 Marth 2026 Accounting Policles I<¢vth¥dl Investment Propertyi<aAUwd) Investment property is ValUed to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure. If a reliable measure of fair value is no longer available for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis. Flnanclal Instruments The charity only has financial a55ets and financial liabilities of a kind that quallfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the Carrying value plus accrued interest less repayments. The flnancing char8e to expenditure 15 at a constant rate calculated using the effective interest method. Penslon Costs YMCA Glenrothes partlcipated in a multiomployer defined benefit pension plan for employees of YMCAS in England, Scotland and Wales. whlch was closed to new members and accruals on 30 April 2¢X17. Due to insvfficient irsformation, the plan's actuary has advised that it is not Possible to separately identify the assets and liabilities relating to YMCA Glenrothes. As described in note 15 YMCA Glenrothe5 has a contractual obli8ation to make pension deficit payments of £23,709 per annum over the period to April 2027, accordingly this is shown as a liability in notes 21 and 22 to these attounts. In addition, YMCA Glenrothes is required to contribute £7,419 per annum to the operating expense5 of the Pension Plan and these Costs are harged to the Statement of Financial Activities as made. A new defined contribution multi-employer scheme started with effect from l May 2CQ7 and penslon costs represent the contributions payable by the charity durin8 the year. Llmlted by Guarantee YMCA Glenrothes is a company limited by Buarantee and has no share capital. Each member of the Association has undertakerb to contribute an amount not exceeding £1 towards any deflclt arising in the event of the Association being placed in liquidation. 25
YMCA Glenrothes Company Limited by Guarantee Notes to the Finanaal StatementSici¥rtinrRdJ Year Ended 31 Marth 2026 Donations and Legacies Unrestricted Funds Restricted Total Funds Funds 2026 Donation5 Donations 7,559 4,657 12,216 Unrestricted Funds Restricted Total Funds Funds 2025 Donatlons Donations 12,731 9,120 21,851 Charltable Art5¥ltles Unrestricted Funds Restricted Total Funds Funds 2026 Servlce level agreements Fife Council grants Development Work Project Mindset Creative Scotland- Youth Music Initiative 873,184 128,281 873,184 92,272 188,470 {36,0091 188,470 9.900 162.361 I,1,465 1,163,826 Unrestricted Funds Restrirted Total Funds Funds 2025 Service level agreement5 Fife Council grants Development Work Project Mindset Creative Scotland - Youth Music Initiative 839,978 75,548 47,5CQ 839,978 132,375 98,770 56.827 51,270 27,5(Kl 27,51X) 108.097 99.526 1,098,623 26
YMCA Glenrothes Company Ilmited by Guarantee Notes to the Financlal Statementsie¢*rfthl Year Ended 31 March 2026 Other Trading Activitles Unrestrirted Funds RestTlCted Total Funds Funds 2026 Hall donations received Youth club income Rental income 21.820 21,820 60,100 8,S71 68,671 81,920 8,571 90.491 Unrestricted Funds Restricted Total Funds Funds 2025 Hall donations received Youth club income Rental income 18.298 498 58.550 18,298 498 66,029 7,479 77,346 7,479 84,825 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2026 Funds 2025 Income from Ilsted Investments Bank interest 7,648 65 10,401 221 10,401 221 65 7,713 7,713 10,622 10,622 Other Income Unrestricted Funds Restricted Totsl Funds Funds 2026 Other income 45 171,621 171,666 Unrestricted Funds Restricted Total Funds Funds 2025 Other income 27
YMCA Glenrothes Company Lirnited by Guarantee Notes to the Finanaal Statements fcontiftuedl Year Ended 31 March 2026 10. Costs of Raising Donations and Leg¥ies Unrestricted Funds Restricted Totsl Funds Funds 2026 Fundrai5in8 expenses 7,246 2,733 9,979 Unrestricted Funds Restrirted Total Funds Funds 2025 Fundraising expenses 4,334 1,909 6,243 11. Expendlture on Charltable Artlvltles by Fund Type Unrestrlcted Funds Restricted Total Funds Funds 2026 Charitable activilies Support costs 302,786 41,971 1.137,382 1,477 1,440,167 43,449 344,757 1,138,859 1,483,616 unstrICted Funds Restricted Total Funds Funds 2025 Charitable activities Support costs 213,368 18,527 909,094 19,322 1,122,462 37,849 231,895 928,416 1,160,311 12. Expendlture on Charltable Artlvltles by Actlvlty Type Activities undertaken directly Support Totsl fund5 costs 2026 Total fund 2025 Charitable activities 1,440,167 43.449 1,483,616 1,160,311
YMCA Glenrothes Company Llmlted by Guarantee Notes to the Flnanoal Statements I¢•th1 Year Ended 31 Marth 2026 13. Analysls of Support Costs SLFPPOrt C05t5 Totsl 2026 Total 2025 Staff costs Premises Communications and IT General office Governance costs 5.355 3,912 9,628 8,145 16.409 5,355 3.912 9,628 8,145 16,409 7,003 5,938 5,968 8,853 10,087 43,449 43,449 37,849 14. Net IExpendlture)Ilncome Net lexpenditurellincome is stated after chargingllcreditingl: 2026 2025 Depreciation of tangible fixed assets 9,274 1.747 15. Staff Costs The total staff costs and employee benefits for the reporting period are analy5ed as follow5: 2026 2025 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 652,811 63,259 29,865 18,876 575.392 42,596 25,405 17,793 764,811 661,186 The average head count of employees during the year wa5 3012025: 251. 29
YMCA Glenrothes Company Llmited by Guarantee Notes to the Flnancial Statements lconti1 Year Ended 31 Marth 2026 15. stsff Costs I¢onithu¢dl No employee received employee benefrts of more than E60.(XK) durin8 the year12025.. Nill. The charity participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCAS in England. Scotland and Wales. The a55ets of the YMCA Pension Plan are held separately from those of YMCA Glenrothes and at the year end these were invested in the Mercer Dynamic Oe-ri5king 501ution, 40% matching portfolio and 60% in the growth portfolio and Schroder (property units only). The most recently completed three year valuation was at l May 2023. The assumption5 used which have the most Significant effect on the results of the valuation are those relatin8 to the assumed rates of return on asseis of 4.56%. the increase in pensions in payment of 3.18% (for RPI capped at 5% per annuml and the average life expectancy from normal retirement age lof 651 for a current male pensioner of 21.5 years, female 24.0 years, and 23.1 years for a male pensioner, female 25.7 year5, retiring in 20 years, time. The result of the valuation showed that the actuarial value of the assets was £103.Im. which presented 92% of the benefits that had accrued to members. The plan's actuary has advised that it is not possible to separately identify the a55ets and liabilities relating to the charity for the purposes of FRS102 disclosure and accordingly the FRS102 deficit is not shown on the balance sheet but a provision has been included which the dlrectors believe gives a fair approximotion of the liability still outstanding. The Pension Plan was closed to new members and future Service accrual with effect from 30 April 2007. With thp. rpmoval of thp salary linkage for benefits all employed deferred members became deferred members as from l May 2011. The valuation prepared as at l May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 million. The charity has been advised that it will need to make monthty contributions of £1,976 from l May 2024. This amount is based on the current actuarial assumptions las outlined above) and may vary in the future as a result of actual performance of the Pension Plan. The current recovery period is 3 years commencing l May 2024. In addition. the charity moy have. over time. Ilabilities in the event of the nonpayment by other participating YMCAS of their share of the YMCA Pension Plan deficit. It is not possible currently to accurately quantify the potential amount that the charity may be called upon to pay in the future but a provision has been made for the liabilities that are currently recognised. The charity ha5 replaced its defined benefits pension scheme with a multi-employer defined contribution pension Scheme to which it contributes 5% of earnings and employees contribute a minimum of 3% of salaries. Once the charity's contribution is made it has no further liability. The scheme and its assets are held by independent fund managers. The pension charge includes recovery plan contributions due from the charity and amounted to £23,70912025.. £23,709>. There has been tempornry increased staffing over the year, due to temporary project staff and temporary case workers.
YMCA Glenrothes Cornpany Llmlted by Guarantee Notes to the Finanaal Statements Year Ended 31 March 2026 Is. stsff Costs iconthlj Key Management Personnel Key management personnel include all persons that have authority and responsibility for plannin& directin8 and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £217,04912025-£196,4941. 16. Trustee Remuneration and Expenses No travel expenses were paid to members of the Board of Directors in the current or prior year5. Members of the Board of Directors received no remuneration in the year. 17. Transfers Between Funds Transfer5 between funds represent recharges of overheads. 18. Tan8lble Flxed Assets Freehold Flxtures and property fittings Motor vehicles Totsl Cost At l ApT 2025 Additions Revaluations 702.851 165,700 8.195 2,6 20,703 871,151 28,898 60,000 At 31 Mar 2026 762,851 173,895 23,303 960,049 Depreclatlon At l Apr 2025 Char8e for the year At 31 Mar 2026 27.734 165,700 4,098 196,034 9,274 5.176 27,734 169.798 7.776 205,308 Carryln8 amount At 31 Mar 2026 735,117 4.097 15.527 754,741 At 31 Mar 2025 675.117 675,117 31
YMCA Glenrothes Company Limited by Guarantee Notes to the Finanaal Statements Year Ended 31 Marth 2026 18. Tanglble Flxed Assets Heritable land and buildings includes property at North Street. Glenrothes which wa5 purchased for £117.50. As a condition of sale this property must first be offered back to Fife Council at the original purchase price. The Board of Directors has considered the Implication of FRS 102 in respect of lal the separation of cost of land and buildin8s and Ibl the depreciation of buildings. They do not consider that the split of costs is significant in relation to the understanding of these financlal accounts and have not therefore taken steps to comply with it. The Board of Directors doe5 not consider that failure to comply prejudices the showing of a true and fair view of the charity's affairs. The freehold properties were valued by Allied Suryeyors Scotland with an effective date of 31 March 2026. 19. Invèstments Investment other properties investments Total C05t or valuation At l Apr 2025 Additions Disp05als Fair value movemenis 777,000 291,145 5,142 {78.4731 27,388 1,068,145 5,142 178,473) 150.388 123.C At 31 Mar 2026 245,202 1,145,202 Impairment At l Apr 2025 and 31 Mar 2026 Carryln8 amount At 31 Mar2026 245,202 1,145,202 At 31 Mar 2025 777,CKM) 291,145 1,068,145 All investments shown above are held at valuation. Investment propertles The investment properties were valued at fair value by the Trustees of the charity with an effective date of 31 March 2026. 32
YMCA Glenrothes Cornpany Limited by Guarantee Notes to the Finandal Statements {contiw Year Ended 31 Marth 2026 20. Debtors 2026 2025 Trade debtors Prepayment5 and accrued income Other debtors 13,807 41 9,755 2,722 2,855 17,929 Z3,603 23,506 21. Credltors: arnounts falllng due withln one year 2026 2025 Trade creditors Accruals and deferred income Social securlty and other taxes Other creditors 53.380 22,625 14,797 31,454 72,582 32,050 12,927 44,974 122,256 162,533 Quaker Housin8 Trust hold a standard security over the property at 55 Keith Drive, Glenrothes. Resilient Scoiland held a standard security over the properties at 16 Chufch Street and 132 Kelth Drive. Glenrothes which was satisfied on 20 April 2026. Fife Council held a standard secljrity over the property at 6 Lan8side Drive which was satisfied on 20 April 2026. 22. Credltors: amounts fallln8 due after more than one year 2026 2025 Other creditors 2,728 23,987 23. Penslons and Other Post Retirement Benefits Deflned contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plan5 was £29,86512025.. £25.4051.
YMCA Glenrothes Company Llmlted by Guarantee Notes to the Financial StatementS{¢ofvU*wd) Year Ended 31 March 2026 24. Analysis of Charitable Funds Unrestricted funds Gains and At losses 31 Mar 26 AtIApr25 Income Expenditure Transfers General fund Revaluation 24,385 218.446 1283,3691 51,816 27,388 38,666 reserve Project fund Capital fund 288,556 126,433 321,913 iio,000 398,556 97,452 321,913 41,153 168,6341 11,5001 761,287 259,599 I352.3) 50,316 137.388 856.587 Gains and At losses 31 Mar 25 AtIApr24 Income Expenditure Transfers General fund Revaluation reserve Project fund Capltal fund 105,301 208.796 1236,2291 {54.7891 1,306 24,385 179.258 6,844 403,211 28,iJ)O 207,258 126,433 403,211 119,589 694,614 208,796 1236,2291 64,8 29.306 761.287 PiuleLI Fuiid - Fuiids sei aside for use on specified projects. Capital Fund - Represents assets of the charity brou8ht forward at l April 1995. General Fund - Runnlng of various activities at North Street, Glenrothes, such a5 Youth Clubs, Adult & Youth basic education, sports classes, music and film tuition.
YMCA Glenrothes Company Limited by Guarantee Notes to the Finandal Statements (contin1 Year Ended 31 Marth 2026 Z4. Analysls of Charltable Funds Re5trirted funds Gains and At losses 31 Mar 26 AtIApr25 Income Expenditure Transfers Supported Accommodation Yz Choices Nationwide Foundation Revaluation reseNe Youth Music Propertv Big Lottery Fund- Improving Lives- The Y Social Skills Academy Digital Others Resilient Scotland Healthy Llvlng Garderb Transition Digital Support FVA Wellbeing Connect to Care Your Action, Our Planet FVA- Our Minds Matter Project Mindset Storm Damage 112,812 114,884 858.278 {792,744) 115,5991 162,747 114,884 34.128 134,1281 426.322 24,832 72,107 73,01 499,322 15,928 72,107 23,453 128,6381 13.7191 10.425 {10,4251 18,054 11.631 129,6851 72.751 72,751 47.186 58.308 {51,0371 14,1611 50,296 19,282 124.4581 176 18,083 117.5691 15141 30,040 {26,1271 17801 1170,5541 934,729 1,186,314 11,141.5921 150,3161 3,913 9,120 1,067 171,621 73,ocyJ 1,002,135 35
YMCA Glenrothes Company Limited by Guarantee Notes to the Finanaal Staternents I(rtMl Year Ended 31 March 2026 24. Analysls of Charftsble Funds {crrttJ Gains and At losses 31 Mar 25 AtIApr24 Income Expenditure Transfers Supported Accommodation Yz Choices Nationwide Foundation Revaluation 125,382 107.405 841.504 1795.6741 158.4CKJI 7.479 112,812 114,884 34,128 34,128 reserve Youth Music Propertv Big Lottery Fund - Improving Lives- The Y Social Skills Academy Digital Others Resilient Scotland Healthy Living Garden Transition Digital Support FVA Wellbeing Connect to Care Your Attion, Our Planet FVA- Our Minds Matter Project Mindset Storm Damage 422,322 21,964 72,107 426,322 24,832 72,107 27,601 123,3091 11.4241 10,425 2,570 74,837 10,425 12,5701 12.086) 72,751 2,977 12,9771 39,777 4,835 54,993 2,982 72.566 143,4551 119,0041 146.7971 14,1291 11,187 16,4871 47,186 19,282 918,729 1,OJ7.125 {930,325) I64,8) 934,729 36
YMCA Glenrothes Company Limited by Guarantee Notes to the Financial StatementSi¢thth¥edJ Year Ended 31 Marth 2026 24. Analysis of Charitable Funds i¢ojrtbJ Supported Accommodation people over the age of 16. Providing homeless accommodation at various premises for Nationwide Foundatlon To allow the renovation of empty properties to create affordable accommodation for people in need. Youth Music - To deliver a music project to engage young dlsadvantaged people in Glenrothes In music tuition, workshops and group music sessions. Property- To facilitate the purchase of empty properties for renovatlon. The Y Skills Academy To support homeless people to improve their independence and self-esteem and enable individuals to stabilise their livin8 Sltuations funded by Bi8 Lottery Fund Improvin8 LNes. Bank of Scotland Foundation Follow on Support - To retain contact and provide support for four weeks for homeless people who have moved on to their own tenancy. either privately or with the local aLtthority. The Healthy Living Garden - To create a garden with adult exercise equipment, a children's play area, raised beds for growing food, workspaces for learning new skills, communal bicycle storage and Improved recycling facilities funded by Big Lottery Fund - Our Place and others. Transitional Digital Support - Part of the Supported Accommodation project, this funding is to employ a support worker to help people who are leaving Supported Accommodation with the basic di8itaS skills required to Ilve independently. Summer of Play - Fundin8 received through Youthlink Scotland from the Scottish Government, this is part of wider funding for the whole of Scotland to fund summer activitie5 for Chlldren and voung people18-25 year5 old). FVA Wellbeing - Additional fundin8 towards the existing 'Y Skills Academy, project, to support homeless people to improve their independence and self-esteem. and enable individuals to stabilise their livin8 Sltuations. Connect to Care Sheltered Housin8. Funding received to deliver a digital health Project across Fife Council Your Action, Our Planel - Funding received to deliver high quality communications and Social media content. Our Minds Matter- Funding to support mental health and wellbeing projects. Project Mindset- Funding toward5 mental health and wellbeing training. Storni Damage - Insurance money received for the costs incurred due to the storm damage to head office. 37
YMCA Glenrothes Company Limited by Guarantee Notes to the Flnanaal StatementS{cthithMKdi Year Ended 31 Marth 2026 25. Analysis of Net Assets Between Funds Unrestricted Funds Restricted Totsl Fund5 Fund5 2026 Tan8lble fixed assets Investments Current assets Creditors less than l year Creditors greater than l year 118 1,050.202 178.8241 1112,6771 12,2321 754,623 754.741 95,OQM) 1,145,202 162.587 83,763 19.5791 1122,2561 14961 12.7281 Net assets 856,587 1,002,135 1,858,722 Unrestricted Funds Restricted Total Funds Fund5 2025 Tanglble flxed assets Investment5 Current assets Creditors less than l year Creditor5 greater than l year 118 986,145 189,5831 1126,9981 18,3951 674,999 675,117 82,OQKI 1,068,145 228,857 139,274 135,5351 1162,5331 115,5921 123,9871 Net assets 761,287 934.729 1.696,016 26. Flnanclal Instruments The carrying amount for each category of financial instrument is as follows: 2026 2025 Flnanclal a55ets that are debt Instruments measured at amort15ed Cost Financial assets that are debt instruments measured at amortised Cost 83.763 139,274 Flnanclal Ilabllltles measured at arnortised c( Financial liabilities measured at amortised cost 124,984 186,520 27. Analysis of Change5 in Net Debt At At l Apr 2025 Cash flows 31 Mar Z026 Cash at bank and in hand 115,768 155,6081 60,160