Charity registration number NIC108249
Company registration number NI643709 (Northern Ireland)
LONDONDERRY YMCA LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
LONDONDERRY YMCA LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Robert Dunn
Adrian Johnston
Gillian Simpson
Lorna Somers
Andrew Tate
Joseph Montgomery
Raymond Murray
(Appointed 25 April 2023)
Secretary
Lisa Dunn
Charity number
NIC108249
Company number
NI643709
Registered office
51 Glenshane Road
Londonderry
BT47 3SF
Independent examiner
PFS & Partners
16 Main Street
Limavady
BT49 0EU
Bankers
Danske Bank
Small Business
Donegal Square West
Belfast
BT1 6JS
LONDONDERRY YMCA LTD
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 17
LONDONDERRY YMCA LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objectives and activities of the charity, as set out in the governing document, are as follows;

 

To demonstrate God’s love through action in local communities by promoting youth development, promoting healthy living and promoting community engagement.

 

Accordingly the Objects of the Londonderry YMCA are:

 

Main Activities

Londonderry YMCA runs Education Authority-funded youth facilities across multiple areas, including Drumahoe, Tullyally, Currynierin, Lettershandoney, and Eglinton. Our presence in local schools, particularly in areas of high deprivation, allows us to offer tailored programmes. Additionally, the Association secures funding to address issues such as mental health and environmental concerns. Summer activities are offered at a reduced cost, and throughout the year, leadership and volunteer development programmes support members and the wider community.

Public benefit

The trustees have paid due regard to guidance issued by The Charity Commission for Northern Ireland in deciding what activities the charity should undertake.

Achievements and performance

YOUTH ACTIVITIES - This was another busy year for young people, with a variety of programmes engaging and challenging them in a fun, friendly and safe environment. The Education Authority funded programmes allows us to engage with young people across 5 geographical areas, including the introduction of 2 rural communities, from primary 5 up. Engaging in a variety of trips, residentials, formal and informal training and project work. Securing funding from other sources including the Asda Foundation and Halifax Foundation to enhance the summer programmes

 

MENTORING - With funding received from the British Science Association and delivered by the Ideas Fund, in partnership with Ulster University, we ran a one to one girls mentoring programme. Researchers from Ulster University will produce a research piece which will be used to inform future one to one mentoring programmes.

 

DEVELOPMENT - Our strategic priorities continue to shape our operations, with key funding secured from NIE Networks for a new website, Derry City and Strabane District Council for planning building improvements, and from National Lottery Community Fund the creation of a Chill Out Room, a safe space for emotional and behavioural support.

LONDONDERRY YMCA LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Financial review

In response to rising running costs and increasing competition for grants, Londonderry YMCA continues to focus on diversifying its income streams, while remaining heavily reliant on Education Authority funding for core youth activities. Unrestricted income from facility hire provides some support, but ongoing efforts to secure additional funding remain critical.

 

Funding is also secured from a variety agencies including British Science Association, Bytes, Derry City and Strabane District Council, Halifax Foundation, National Lottery Community Fund, Northern Ireland Electricity, Policing and Community Safety Partnership RAPID, The King George Fund and Waterside Neighbourhood Partnership which allows us to run additional programmes to achieve our objectives and contribute to the increased running costs of the facility.

 

The association is situated on a 20 acre site with a two storey, 500 Sq metre building and a 300 Sq Metre Hub, which makes up the majority of the value of our assets.

 

The association generates some unrestricted income from the hire of its facilities to other community groups.

 

Financial statements are produced independently by PFS and Partners based in Limavady.

 

Reserves policy

The association aims to hold in reserves equivalent to a minimum of three months operational costs and a maximum of 24 months operational costs, to cover costs if funding to the association is withdrawn.

 

Reserves remain difficult to accumulate with budgets continually being squeezed and the association covering the increased running costs.

 

The value held in reserves £0.

Structure, governance and management

Londonderry YMCA Limited Ltd is governed by a memorandum of Association adopted on 30th June 2018. The organisation is controlled and directed by a board of directors currently made up of 7 members. In the year we had one appointment to the board.

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

 

Robert Dunn
Adrian Johnston
Gillian Simpson
Lorna Somers
Andrew Tate
Joseph Montgomery
Raymond Murray
(Appointed 25 April 2023)
Recruitment and appointment of trustees

The General Secretary is appointed to run the daily activities of the organisation and reports to the board of directors at monthly meetings. The quorum for a meeting is 3 or one third the total number of directors.

LONDONDERRY YMCA LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

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

Gillian Simpson
Andrew Tate
Trustee
Trustee
5 November 2024
LONDONDERRY YMCA LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LONDONDERRY YMCA LTD
- 4 -

I report to the trustees on my examination of the financial statements of Londonderry YMCA Ltd (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 65 of the Charities Act (Northern Ireland) 2008 (the 2008 Act). In carrying out my examination I have followed all the applicable Directions given by the The Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 65(9)(b) of the 2008 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

PFS & Partners
16 Main Street
Limavady
BT49 0EU
Dated: 5 November 2024
LONDONDERRY YMCA LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
2,723
352,912
355,635
3,048
338,215
341,263
Other trading activities
4
47,478
2,313
49,791
42,702
676
43,378
Investments
5
4,200
-
4,200
4,200
-
4,200
Other income
6
27,049
-
27,049
31,011
-
31,011
Total income
81,450
355,225
436,675
80,961
338,891
419,852
Expenditure on:
Raising funds
7
1,345
-
1,345
-
-
-
Charitable activities
8
158,024
331,626
489,650
120,091
323,617
443,708
Other expenditure
13
4,774
-
4,774
6,509
-
6,509
Total expenditure
164,143
331,626
495,769
126,600
323,617
450,217
Net income/(expenditure)
(82,693)
23,599
(59,094)
(45,639)
15,274
(30,365)
Transfers between funds
4,256
(4,256)
-
20,651
(20,651)
-
Net movement in funds
10
(78,437)
19,343
(59,094)
(24,988)
(5,377)
(30,365)
Reconciliation of funds:
Fund balances at 1 April 2023
1,025,759
24,300
1,050,059
1,050,747
29,677
1,080,424
Fund balances at 31 March 2024
947,322
43,643
990,965
1,025,759
24,300
1,050,059

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

LONDONDERRY YMCA LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
15
994,386
1,022,089
Current assets
Stocks
16
184
391
Debtors
17
16,868
22,807
Cash at bank and in hand
50,843
59,987
67,895
83,185
Creditors: amounts falling due within one year
19
(57,939)
(32,528)
Net current assets
9,956
50,657
Total assets less current liabilities
1,004,342
1,072,746
Creditors: amounts falling due after more than one year
20
(13,377)
(22,687)
Net assets
990,965
1,050,059
The funds of the charity
Restricted income funds
21
43,643
24,300
Unrestricted funds
22
947,322
1,025,759
990,965
1,050,059

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

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

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

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

The financial statements were approved by the trustees on 5 November 2024
Gillian Simpson
Andrew Tate
Trustee
Trustee
Company registration number NI643709 (Northern Ireland)
LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
1
Accounting policies
Charity information

Londonderry YMCA Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 51 Glenshane Road, Londonderry, BT47 3SF.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

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

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

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

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

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

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

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

 

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

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Equipment
15% reducing balance
Motor vehicles
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
Cash and cash equivalents

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

LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 9 -
1.10
Financial instruments

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

 

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

 

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

Basic financial assets

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

Basic financial liabilities

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

 

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

 

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

Derecognition of financial liabilities

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

1.11
Employee benefits

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

 

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

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
10
-
10
48
3,247
3,295
Grants
2,713
352,912
355,625
3,000
334,968
337,968
2,723
352,912
355,635
3,048
338,215
341,263
Grants
Education Authority
-
252,225
252,225
-
293,561
293,561
British Science Association
-
60,527
60,527
-
12,437
12,437
DCSDC
-
4,980
4,980
-
600
600
Halifax Foundation
-
3,500
3,500
-
-
-
CLEAR Project
-
4,525
4,525
-
-
-
Awards for All
-
10,000
10,000
-
-
-
Waterside Neighbourhood Partnership
-
7,315
7,315
-
7,084
7,084
SSE Airtricity
-
-
-
-
1,500
1,500
Asda Foundation
-
1,600
1,600
-
-
-
PSCP
-
4,711
4,711
-
-
-
Other
2,713
3,529
6,242
3,000
19,786
22,786
2,713
352,912
355,625
3,000
334,968
337,968
4
Income from other trading activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fundraising events
3,634
2,313
5,947
23
676
699
Shop income
3,971
-
3,971
5,309
-
5,309
Letting and licensing arrangements
39,873
-
39,873
37,370
-
37,370
Other trading activities
47,478
2,313
49,791
42,702
676
43,378
LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Rental income
4,200
4,200
6
Other income
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Youth programme
16,614
15,215

Income from cash investments

225
232

Subscriptions

-
10

Sundry income

10,210
15,554
27,049
31,011
7
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Other fundraising costs
1,345
-
8
Charitable activities
2024
2023
£
£
Charitable activities
468,783
430,262
Share of governance costs (see note 9)
20,867
13,446
489,650
443,708
Analysis by fund
Unrestricted funds
158,024
120,091
Restricted funds
331,626
323,617
489,650
443,708
LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
9
Support costs allocated to activities
2024
2023
£
£
Governance costs
20,867
13,446
Analysed between:
Youth Programme
20,867
13,446
10
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
28,951
30,413
11
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
12
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
27
29
Employment costs
2024
2023
£
£
Wages and salaries
273,644
255,153
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

13
Other
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Tuck shop expenses
4,774
6,509
4,774
6,509
LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13
Other
(Continued)
- 13 -
14
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. The company's tax exemption reference is XR50324.

15
Tangible fixed assets
Freehold land and buildings
Equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
1,042,290
96,110
9,000
1,147,400
At 31 March 2024
1,042,290
96,110
9,000
1,147,400
Depreciation and impairment
At 1 April 2023
81,919
38,118
4,026
124,063
Depreciation charged in the year
19,506
8,699
746
28,951
At 31 March 2024
101,425
46,817
4,772
153,014
Carrying amount
At 31 March 2024
940,865
49,293
4,228
994,386
At 31 March 2023
959,123
57,992
4,974
1,022,089
16
Stocks
2024
2023
£
£
Finished goods and goods for resale
184
391
17
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,601
4,469
Prepayments and accrued income
9,267
18,338
16,868
22,807
LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
18
Loans and overdrafts
2024
2023
£
£
Bank loans
23,331
32,397
Payable within one year
9,954
9,710
Payable after one year
13,377
22,687
19
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans
18
9,954
9,710
Other taxation and social security
4,966
4,744
Trade creditors
29,141
13,357
Accruals and deferred income
13,878
4,717
57,939
32,528
20
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans
18
13,377
22,687
LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 15 -
21
Restricted funds

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

At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
Asda Foundation
-
1,600
(1,600)
-
-
Awards for All
-
10,000
(10,000)
-
-
British Science Association
12,437
60,527
(42,663)
-
30,301
CLEAR
-
4,525
(4,525)
-
-
DCSDC
-
4,980
(6,930)
-
(1,950)
Education Authority
381
252,225
(239,680)
(9)
12,917
Halifax Foundation
-
3,500
(3,500)
-
-
King George Fund
-
500
-
-
500
NIE
-
1,500
(1,500)
-
-
PSCP
(1,275)
4,711
(3,436)
-
-
Rapid
-
1,150
-
-
1,150
SSE Airtricity
1,500
-
(1,500)
-
-
Empower 2 Transform
-
-
(252)
-
(252)
Waterside Neighbourhood Partnership
6,605
7,315
(13,348)
-
572
Tullyally Community Partnership
-
379
(379)
-
-
Fundraising
405
2,313
(2,313)
-
405
Sundry
3,247
-
-
(3,247)
-
Arnold Clark
1,000
-
-
(1,000)
-
24,300
355,225
(331,626)
(4,256)
43,643
LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21
Restricted funds
(Continued)
- 16 -
Previous year:
At 1 April 2022
Incoming resources
Resources expended
Transfers
At 31 March 2023
£
£
£
£
£
Arts Council
-
1,950
(1,950)
-
-
Awards for All
8,026
-
(3,626)
(4,400)
-
British Science Association
-
12,437
-
-
12,437
CLEAR
-
8,199
(8,199)
-
-
DCSDC
-
600
(600)
-
-
Education Authority
2,323
293,561
(295,730)
227
381
ESB Wind Farm Community Fund
-
5,863
(5,863)
-
-
King George Fund
415
-
(350)
(65)
-
MENCAP
16,413
-
-
(16,413)
-
PSCP
-
-
(1,275)
-
(1,275)
Rapid
-
1,500
(1,500)
-
-
SSE Airtricity
-
1,500
-
-
1,500
The Honourable The Irish Society
-
874
(874)
-
-
Waterside Neighbourhood Partnership
2,500
7,084
(2,980)
-
6,604
Bytes
-
400
(400)
-
-
Fundraising
-
676
(270)
-
406
Sundry
-
3,247
-
-
3,247
Arnold Clark
-
1,000
-
-
1,000
29,677
338,891
323,617
(20,651)
24,300
22
Unrestricted funds

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

At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
General funds
1,025,759
81,450
(164,143)
4,256
947,322
Previous year:
At 1 April 2022
Incoming resources
Resources expended
Transfers
At 31 March 2023
£
£
£
£
£
General funds
1,050,747
80,961
(126,600)
20,651
1,025,759
LONDONDERRY YMCA LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 17 -
23
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
994,386
-
994,386
Current assets/(liabilities)
(33,687)
43,643
9,956
Long term liabilities
(13,377)
-
(13,377)
947,322
43,643
990,965
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Tangible assets
1,022,089
-
1,022,089
Current assets/(liabilities)
26,357
24,300
50,657
Long term liabilities
(22,687)
-
(22,687)
1,025,759
24,300
1,050,059
24
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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