YMCA WEARSIDE LTD

Charity number: 1059470
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The charity is set up to provide accomodation and educational opportunies for the homeless people of Sunderland and surrounding areas.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£2,354,871

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Donations and legacies £3.03k
Charitable activities £2.31m
Other trading activities £17.48k
Investments £7.11k
Other £17.44k

Total expenditure:
£1,591,454

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Raising funds £0
Charitable activities £1.59m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £1.59m
Retained for future use £763.42k

People

37 Employee(s)

7 Trustee(s)

5 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • Accommodation/housing
  • Religious Activities
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Durham
  • North Tyneside
  • South Tyneside
  • Sunderland

Governance

Registration history:
  • 27 November 1996: Standard registration
  • 04 July 2019: Funds received from 251250 FENCE HOUSES AND DISTRICT YMCA
Organisation type:
Charitable company
Other names:
  • THE CITY OF SUNDERLAND YOUNG MEN'S CHRISTIAN ASSOCIATION (Previous name)
Company number:
03281486 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

7 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
David McCreedy Trustee 24 November 2022
WHITLEY BAY YOUNG PEOPLES CENTRE LIMITED
Received: On time
Derek Farthing Trustee 26 September 2019
None on record
James Powell Trustee 26 September 2019
None on record
Anne Lawson Trustee 31 March 2016
None on record
John Damian Waugh Trustee 29 January 2015
None on record
ALEX SCULLION Trustee
None on record
MR J SWAN Trustee
6TH TYNEMOUTH HOLY SAVIOURS SCOUT GROUP
Received: 11 days late

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £1.52m £1.62m £1.69m £1.93m £2.35m
Total expenditure £1.47m £1.55m £1.51m £1.82m £1.59m
Income from government contracts N/A N/A N/A £2.37k N/A
Income from government grants N/A £58.53k £47.27k £48.40k N/A
Income - Donations and legacies £5.16k £46.70k £28.48k £2.62k £3.03k
Income - Other trading activities £0 £0 £6.17k £20.34k £17.48k
Income - Charitable activities £1.51m £1.56m £1.64m £1.89m £2.31m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £165 £6 £0 £130 £7.11k
Income - Other £5.06k £5.98k £6.03k £14.36k £17.44k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.47m £1.55m £1.51m £1.82m £1.59m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £0 £0 £0 £0 £0
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £1.22m £1.24m £1.09m £1.07m £1.49m
Long-term investments £0 £0 £0 £0 £0
Other assets £388.31k £442.52k £748.27k £857.40k £1.35m
Defined benefit pension scheme asset or liability £0 -£96.04k £0 -£76.61k -£45.88k
Total liabilities £298.97k £204.20k £274.19k £179.22k £358.61k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 02 July 2024 On Time
Accounts and TAR 31 December 2023 02 July 2024 On Time Download Open in new window
Annual return 31 December 2022 30 October 2023 On Time
Accounts and TAR 31 December 2022 30 October 2023 On Time Download Open in new window
Annual return 31 December 2021 23 August 2022 On Time
Accounts and TAR 31 December 2021 23 August 2022 On Time Download Open in new window
Annual return 31 December 2020 27 October 2021 On Time
Accounts and TAR 31 December 2020 27 October 2021 On Time Download Open in new window
Annual return 31 December 2019 02 October 2020 On Time
Accounts and TAR 31 December 2019 02 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 20 NOV 1996 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 29 JUL 2004 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 22 JAN 2018 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 22 JAN 2020

Charitable objects

TO SEEK TO UNITE THOSE WHO, REGARDING JESUS CHRIST AS THEIR GOD AND SAVIOUR ACCORDING TO THE HOLY SCRIPTURES, DESIRE TO BE HIS DISCIPLES IN THEIR FAITH AND IN THEIR LIFE, AND TO ASSOCIATE THEIR EFFORTS FOR THE EXTENSION OF HIS KINGDOM. ANY DIFFERENCE OF OPINION ON OTHER SUBJECTS, HOWEVER IMPORTANT IN THEMSELVES, SHALL NOT INTERFERE WITH THE HARMONIOUS RELATIONS OF THE ASSOCIATIONS OF THE YOUNG MEN'S CHRISTIAN ASSOCIATION MOVEMENT IN ENGLAND, IRELAND AND WALES

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
2-3 TOWARD ROAD
SUNDERLAND
SR1 2QF
Phone:
01913670135
Email:
finance@sunderlandymca.co.uk
Website:

www.ymcawearside.org.uk Open in new window