YMCA TRINITY GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Group transactions with joint ventures
The following transactions took place between the group and its joint venture company during the year:
2025
2024
£
£
Capital investment Loans advanced
50
50
-
-
50
50
The following receivable balances relating to joint ventures was included in the consolidated balance sheet:
2025
2024
£
£
Loans
240,004
240,004
The YMCA granted Kirkgate Street Limited a secured an initial loan facility of a total principal amount of £390,000 and extended the facility to £450,000 during 2023. Of this, £370,000 was advanced during the year interest is charged on the loan at a rate of 8% per annum which has been added to the principal amount.
One of the trustees is also an employee of National Council for Voluntary Organisations who the YMCA engaged to do some consultancy work during the year - this was an arms length transaction with a value in 2024/25 of £9,030.
27. FINANCIAL INSTRUMENTS
The Group's financial instruments may be analysed as follows:
2025
2024
£
£
Financial assets: Financial assets that are debt instruments measure at amortised cost
2,843,952 1,776,847
Financial liabilities: Financial liabilities measured at amortised cost
3,192,585 3,081,719
Financial assets measured at amortised cost comprise cash at bank and in hand, investments, trade debtors and other debtors. Financial liabilities measured at amortised cost comprise trade creditors, taxation and social security, other creditors, housing and bank loans.
YMCA Trinity Group 23
Made with FlippingBook. PDF to flipbook with ease