REGISTERED COMPANY NUMBER: 08156824 (England and Wales)

REGISTERED CHARITY NUMBER: 1149008

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PORTHCAWL YOUNG MEN'S CHRISTIAN

ASSOCIATION

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

18

TRUSTEES

A J Hornsby - Treasurer

Mrs J Parkinson

F J Perren - Chair

A C M Phillips

L A W Tallon-Morris

Dr J L Withecomb

C H Nicholas

S Watkins

Rev J R Halll Durley

M D Ralph (appointed 3.12.24)

COMPANY SECRETARY

Mrs P J Fielding

REGISTERED OFFICE

25 John Street

Porthcawl

Bridgend

CF36 3AP

REGISTERED COMPANY NUMBER

08156824 (England and Wales)

REGISTERED CHARITY NUMBER

1149008

INDEPENDENT EXAMINER

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 Trustee Report includes the Report of the Directors' as required by company law.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Y.M.C.A, stands for:

(i) A world-wide fellowship based on the equal values of all persons.

(ii) Respect and freedom of all, tolerance and understanding between people of different opinions.

(iii) Active concern for the needs of the community.

(iv) United efforts by Christians of different traditions.

The Y.M.C.A aims to

Provide a welcome to members for themselves, in a meeting place which is theirs to share, where friendships can be made and counsel sought.

Develop activities which stimulate and challenge its members in an environment that enables them to take responsibility and find a sense of achievement.

Involve all members in care and work for others.

Create opportunities for exchanging views, so that its members can improve their understanding of the world, of themselves, of one another and of the unique relevance of the Christian Faith to their lives.

The charity has served the town of Porthcawl for over one hundred years as a social and ecumenical arm of the Christian Church. We seek to contribute to the life of the community of Porthcawl, primarily, but not exclusively, in terms of providing services for children and young people. Many activities we run ourselves, with a variety of paid and voluntary help, but we also make the building available to other organisations that want a town centre venue for one-off or regular activities.

Public benefit

The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and comply with S17 Charities Act 2011 when considering, planning and implementing the activities of the charity. As Trustees, we believe that the aims of our organisation are charitable and for the public benefit. Furthermore, in our view, no detriment or harm arises from our Charity carrying out its work and we are not aware of any widespread views among others that such detriment or harm might arise.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year the rooms in the YMCA building have been used to hold a wide range of events and activities. The use by seventeen different local organisations, two Youth Clubs, the After School and Holiday Club and the Food Bank resulted in over 10,000 adults and children using the building.

Attendance in the After School Club and Holiday Club have increased significantly during the year which has resulted in the income and expenditure virtually breaking even.

The Junior Youth Club has continued to meet throughout the year, but the Senior Club has ceased due to lack of numbers.

The Food Bank has continued to operate throughout the year using the building on two mornings per week when a representative from Citizens Advice has also been in attendance.

The AGM was held on the evening of Tuesday 3rd December 2024, during which Board members John Hornsby, Christopher Nicholas and Adam Phillips were re-elected and Mr Matthew Ralph was elected as Board member.

FINANCIAL REVIEW

Financial position

The Board of Management are the financial trustees of the YMCA. The Treasurer prepares the annual budget for the Board's approval. The Board then monitors income and expenditure against the budget, aiming to ensure that income from activities in the building more or less matches day to day expenditure. The interest on our long-term loan and other overheads such as insurance are covered by the rent received from the adjacent ground floor cafe.

The total income for 2024/25 was £108,541 (£106,268 in 2023/24). The main increase in income coming from the After School Club and other clubs,whilst grants only amounted to £Nil (£6,589 in 2023/24). The total expenditure for 2024/25 was £114,417 (£111,626 in 2023/24), with the main increase being wages and salaries, £71,592 in 2024/25 compared to £64,099 in 2023/24. This has resulted in a deficit at the end of the year of £5,876. Net assets were £456,649 (£462,525 in 2023/24) and net current assets (current assets less current liabilities) were £21,553 (£21,379 in 2023/24).

Our only borrowing is a long-term commercial loan from Unity Trust Bank, which at the year end stood at £40,264 (£46,084 at March 2024), repayable by August 2030 at an interest rate of 3% above the Bank of England base rate.

We believe that the building is adequately insured against all likely risks.

Investment policy and objectives

The trustees have the power to invest in such assets as they see fit. The current assets are in accounts with Barclays bank, Unity Trust Bank and The Charities Aid Foundation (CAF).

Reserves policy

The trustees have examined the requirements for free reserves which are those unrestricted funds not invested in fixed assets, designated for specific purposes or otherwise committed. The trustees consider that this should be not less than three months of running costs, i.e. between £20,000 and £25,000. During the year our free reserves were £Nil (2023/43 £Nil), as reserves have been set aside to cover future depreciation charges on the property. Realistically, the trustees aim to retain approximately £25,000 in cash, which would be sufficient to cover any short term cash flow problems.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Porthcawl YMCA is a Company Limited by Guarantee with Charitable Status, registered in England & Wales.

Recruitment and appointment of new trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the Board of Trustees.

The trustees in office as at 31st March are set out on page 1. All of these were trustees throughout the year. Trustees are elected for a period of three years, after which they are eligible for re-election. We are always looking out for anyone with relevant skills and are prepared to serve the community of Porthcawl in this way.

Induction and training of new trustees

New trustees must be interviewed and take part in an orientation session to brief them of their legal obligations under charity law, the committee and decision making processes, the Business Plan and the recent financial performance of the charity. During the induction they meet key employees and trustees.

INDEPENDENT EXAMINERS

A resolution to re appoint the independent examiners, Baker Knoyle Chartered Accountants, will be proposed at the Annual General Meeting.

This report has been prepared in accordance with the small company reporting regime S419(2) of the Companies Act 2006, and with the Charities SORP (FRS102) ' Accounting and Reporting by Charities'.

Approved by order of the board of trustees on 19 September 2025 and signed on its behalf by:

A J Hornsby - Trustee

Independent examiner's report to the trustees of Porthcawl Young Men's Christian Association ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

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

Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts 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 accounts 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 accounts to be reached.

Richard Knoyle ACA

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

19 September 2025

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

4,611

-

4,611

10,905

Charitable activities

After School Club and Holiday Club

50,650

-

50,650

47,388

Youth Club

783

-

783

642

Members Fees

87

-

87

97

Cafe sales

2,918

-

2,918

2,296

Photocopier income

30

-

30

14

Other trading activities

3

49,284

-

49,284

44,826

Investment income

4

178

-

178

100

Total

108,541

-

108,541

106,268

EXPENDITURE ON

Charitable activities

YMCA Activites

104,039

10,378

114,417

111,626

NET INCOME/(EXPENDITURE)

4,502

(10,378

)

(5,876

)

(5,358

)

RECONCILIATION OF FUNDS

Total funds brought forward

53,547

408,978

462,525

467,883

TOTAL FUNDS CARRIED FORWARD

58,049

398,600

456,649

462,525

2025

2024

Notes

£

£

FIXED ASSETS

Tangible assets

10

469,540

481,866

CURRENT ASSETS

Stocks

11

339

247

Debtors

12

3,479

6,112

Cash at bank and in hand

27,506

25,158

31,324

31,517

CREDITORS

Amounts falling due within one year

13

(9,771

)

(10,138

)

NET CURRENT ASSETS

21,553

21,379

TOTAL ASSETS LESS CURRENT LIABILITIES

491,093

503,245

CREDITORS

Amounts falling due after more than one year

14

(34,444

)

(40,720

)

NET ASSETS

456,649

462,525

FUNDS

19

Unrestricted funds

58,049

53,547

Restricted funds

398,600

408,978

TOTAL FUNDS

456,649

462,525

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 19 September 2025 and were signed on its behalf by:

A J Hornsby - Trustee

A C M Phillips - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

The following specific policies are applied:

Voluntary income

Income received by way of grants, gifts or donation is included in full on receipt unless it is subject to a condition when it is treated as deferred income.

Deferred income

Income or grants received in advance are held as deferred income and carried forward to future accounting periods to be released when the defined purposes of the work or project have been completed, approved or certified.

Gifts in kind

Gifts in kind are included in the income and expenditure account where they are applied in carrying out charitable activities, where the company would otherwise have to purchase the donated facility and the benefit is both quantifiable and material. The quantifiable benefit is shown as both incoming and expended resources within the appropriate funds. Where the gift is an asset it is treated as income and taken to stock or fixed assets as appropriate.

The value of services provided by volunteers is not quantified.

Investment income

Investment income is included when receivable.

Trading income

Trading income is recognised when earned.

Government Grant Income comprises specific project related direct support. Please refer to 'Incoming Resources' note, for amounts.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure includes any VAT which cannot be fully recovered.

Costs of generating funds

Costs of generating funds include the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes the costs that can be attributed directly to those activities and those costs of an indirect nature necessary to support them.

All expenditure

All expenditure is allocated between the categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned between categories on a basis that fairly reflects their usage.

Pension costs

Contributions are made to the employees own personal pension schemes. The pension cost charge represents those contributions payable to individual schemes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Organisational status

The organisation is a company limited by guarantee and a registered charity. The directors are the trustees and they form a Board of Trustees which is the executive body of the charity. The aims and objectives and rules for governance are set out in the charitable company's Memorandum and Articles of Association.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

3,821

3,573

Gift aid

790

743

Grants

-

6,589

4,611

10,905

Grants received, included in the above, are as follows:

2025

2024

£

£

Welsh Church Acts Fund

-

6,089

Linc Cymru Housing

-

500

-

6,589

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Fundraising events

141

920

Rent Received

49,143

43,906

49,284

44,826

4.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

178

100

5.	SUPPORT COSTS

Governance

costs

£

YMCA Activites

26,437

Support costs, included in the above, are as follows:

2025

2024

YMCA

Total

Activites

activities

£

£

Wages

25,057

22,435

Accountancy fees and Independent Examination

1,380

1,140

26,437

23,575

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

12,326

12,767

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

8.	STAFF COSTS

2025

2024

£

£

Wages and salaries

71,592

64,099

Other pension costs

310

304

71,902

64,403

The average monthly number of employees during the year was as follows:

2025

2024

YMCA activities

7

7

No employees received emoluments in excess of £60,000.

Included in the above is employers national insurance contributions amounting to £Nil (2024: £Nil).

The key management of the charity comprises the Directors/Trustees. The total benefits of the the key management personnel of the charity was £Nil.

Pension Costs

The Charity contributes to employee's government work place pension scheme. The pension cost charge represents contributions paid by the Charity to the individual schemes.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

4,816

6,089

10,905

Charitable activities

After School Club and Holiday Club

47,388

-

47,388

Youth Club

642

-

642

Members Fees

97

-

97

Cafe sales

2,296

-

2,296

Photocopier income

14

-

14

Other trading activities

44,826

-

44,826

Investment income

100

-

100

Total

100,179

6,089

106,268

EXPENDITURE ON

Charitable activities

YMCA Activites

94,787

16,839

111,626

NET INCOME/(EXPENDITURE)

5,392

(10,750

)

(5,358

)

RECONCILIATION OF FUNDS

Total funds brought forward

48,155

419,728

467,883

TOTAL FUNDS CARRIED FORWARD

53,547

408,978

462,525

10.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024 and 31 March 2025

638,346

15,389

653,735

DEPRECIATION

At 1 April 2024

156,480

15,389

171,869

Charge for year

12,326

-

12,326

At 31 March 2025

168,806

15,389

184,195

NET BOOK VALUE

At 31 March 2025

469,540

-

469,540

At 31 March 2024

481,866

-

481,866

11.

STOCKS

2025

2024

£

£

Stocks

339

247

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,689

5,369

Other debtors

790

743

3,479

6,112

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 15)

5,820

5,364

VAT

2,503

3,716

Pension creditor

128

38

Accrued expenses

1,320

1,020

9,771

10,138

14.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 15)

34,444

40,720

15.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year on demand:

Bank loans

5,820

5,364

Amounts falling due between two and five years:

Bank loans - 2-5 years

23,278

21,455

Amounts falling due in more than five years:

Repayable by instalments:

Bank loans more 5 yr by instal

11,166

19,265

16.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

628

628

17.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

40,264

46,084

The bank loan is secured on the freehold property.

18.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted

Restricted

2025

2024

funds

funds

Total funds

Total funds

£

£

£

£

Fixed assets

70,941

398,600

469,541

481,866

Current assets

31,323

-

31,323

31,517

Current liabilities

(9,771

)

-

(9,771

)

(10,138

)

Long term liabilities

(34,444

)

-

(34,444

)

(40,720

)

58,049

398,600

456,649

467,883

19.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/24

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

(19,341

)

6,449

(12,892

)

Designated Property

72,888

(1,947

)

70,941

53,547

4,502

58,049

Restricted funds

Restricted Property Fund

408,978

(10,378

)

398,600

TOTAL FUNDS

462,525

(5,876

)

456,649