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YMCA WEARSIDE LTD

Registered charity 1059470 · accounts filings on the Charity Commission register · also known as THE CITY OF SUNDERLAND YOUNG MEN'S CHRISTIAN ASSOCIATION

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

Causes: General Charitable Purposes · Education/training · Accommodation/housing · Religious Activities · Economic/community Development/employment · website · Get email alerts

Latest income
£2.0m
Latest spending
£1.9m
Registered
1996
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a surplus of £62,452 for the year ended 31 December 2024, with total unrestricted reserves standing at £2,501,692. The trustees maintain a reserves policy target of £300,000 to cover three to six months of costs, a level significantly exceeded by the actual free reserves of £1,186,282. Per the independent auditor's report, there are no material uncertainties related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three to six months (held: £1.2m)
“The trustees have decided that the charitable company hold a reserves policy whereby free reserves of £300,000 are maintained. This would provide sufficient funds to cover management, administration and support costs for a period of three to six months whilst replacement funding could be secured.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: J Powell, a trustee, is also a director of I90 Limited from which YMCA Wearside purchased supplies totalling £13,941 (2023 - £14,338).
“J Powell, a trustee, is also a director of I90 Limited from which YMCA Wearside purchased supplies totalling £13,941 (2023 - £14,338). During the year electrical work to the value of £2,605 was purchased from Mr J Scullion, who is the son of Mr W A Scullion, a trustee of the charity.” — page 30
“During the year the charity rented properties from relatives to K Hope the Chief Executive Officer. All properties have formal lease agreements in place and details of the annual rents paid by the charity are as follows: J & T Simpson, who are the sister and brother in law to K Hope the Chief Executive Officer, received rents of £57,618 (2023: £57,618). A & T Lettings, a property business owned by K Hope's brother and sister-in-law were paid rents of £12,804 (2023: £12,804). E2 Decorators, a business under the control of the brother of K Hope, received rents of £6,402 (2023: £6,402) L & S Petch who is the niece of K Hope was paid rents of £12,804 (2023: £12,804).” — page 31
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rents paid to relatives of CEO K Hope: J & T Simpson (£57,618), A & T Lettings (£12,804), E2 Decorators (£6,402), L & S Petch (£12,804).
“J Powell, a trustee, is also a director of I90 Limited from which YMCA Wearside purchased supplies totalling £13,941 (2023 - £14,338). During the year electrical work to the value of £2,605 was purchased from Mr J Scullion, who is the son of Mr W A Scullion, a trustee of the charity.” — page 30
“During the year the charity rented properties from relatives to K Hope the Chief Executive Officer. All properties have formal lease agreements in place and details of the annual rents paid by the charity are as follows: J & T Simpson, who are the sister and brother in law to K Hope the Chief Executive Officer, received rents of £57,618 (2023: £57,618). A & T Lettings, a property business owned by K Hope's brother and sister-in-law were paid rents of £12,804 (2023: £12,804). E2 Decorators, a business under the control of the brother of K Hope, received rents of £6,402 (2023: £6,402) L & S Petch who is the niece of K Hope was paid rents of £12,804 (2023: £12,804).” — page 31
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Young Focus North East, where trustee D McCreedy is director, rents space from the charity with no rent charged.
“J Powell, a trustee, is also a director of I90 Limited from which YMCA Wearside purchased supplies totalling £13,941 (2023 - £14,338). During the year electrical work to the value of £2,605 was purchased from Mr J Scullion, who is the son of Mr W A Scullion, a trustee of the charity.” — page 30
“During the year the charity rented properties from relatives to K Hope the Chief Executive Officer. All properties have formal lease agreements in place and details of the annual rents paid by the charity are as follows: J & T Simpson, who are the sister and brother in law to K Hope the Chief Executive Officer, received rents of £57,618 (2023: £57,618). A & T Lettings, a property business owned by K Hope's brother and sister-in-law were paid rents of £12,804 (2023: £12,804). E2 Decorators, a business under the control of the brother of K Hope, received rents of £6,402 (2023: £6,402) L & S Petch who is the niece of K Hope was paid rents of £12,804 (2023: £12,804).” — page 31
Per its FY2024 accounts as filed with the Charity Commission.
Pension scheme deficit: £9.1m
“The valuation prepared as at 1 May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 million.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Inspire Compliance Limited. Discloses 5 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Public-sector contracts awarded

From the official Contracts Finder and Find a Tender notices (supplier matched by exact registered name). Contract income is distinct from grants.

BuyerContractAwardedValue
Sunderland City CouncilSupported Accommodation for Young People aged 16 to 21 Years29/04/2025£5.6m

Property (HM Land Registry)

9 registered titles in England and Wales held by the charity’s company or corporate body (4 freehold); recorded price paid £129k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.0m
Total spending
£1.9m
Reserves (reported)
£300k
Employees
39

Reported reserves equal ~1.9 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (98% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Durham · North Tyneside · South Tyneside · Sunderland

Income and spending

Financial year endIncomeSpending
31/12/2024£2.0m£1.9m
31/12/2023£2.4m£1.6m
31/12/2022£1.9m£1.8m
31/12/2021£1.7m£1.5m
31/12/2020£1.6m£1.5m

Common questions

Is YMCA WEARSIDE LTD financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a surplus of £62,452 for the year ended 31 December 2024, with total unrestricted reserves standing at £2,501,692. The trustees maintain a reserves policy target of £300,000 to cover three to six months of costs, a level significantly exceeded by the actual free reserves of £1,186,282. Per the independent auditor's report, there are no material uncertainties related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Inspire Compliance Limited.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government17/06/2020£7kCoronavirus Community Support Fund
UK government25/02/2019£16kOutreach Project
Community Foundation North East01/12/2015£1kTowards Get Creative for the Homeless
The National Lottery Community Fund24/01/2013£10kChester le Street YMCA Volunteer Project
The National Lottery Community Fund10/03/2011£10kCity of sunderland YMCA Foyer Volunteer Project

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE SIR JAMES KNOTT TRUST1£60k
THE MERCERS CHARITABLE FOUNDATION1£55k
THE VIRGIN MONEY FOUNDATION1£40k
THE GREIG TRUST1£27k
Point North Community Foundation1£24k
THE MAURICE AND HILDA LAING CHARITABLE TRUST1£20k
NORTHBROOK COMMUNITY TRUST1£10k
THE WILL CHARITABLE TRUST1£10k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with YMCA NORTH TYNESIDE.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
YMCA WEARSIDE LTD£2.0m—0unclear—no doubt
YMCA NORTH TYNESIDE FY2025£4.9m£90,001 - £100,000—within—no doubt
YMCA Cheshire Limited FY2025£3.7m£70,045—unclear—no doubt
NEWCASTLE UPON TYNE Y.M.C.A. FY2025£1.1m—0below—no doubt
YMCA LONDON CITY AND NORTH FY2025£9.5m£103,490—below—no doubt
WORCESTER YMCA FY2025£1.6m—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.