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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

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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.

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.

Funders the charity credits

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

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).

Register events

Trustees

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?

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.