Crewe YMCA Limited Financial Statements For the Year Ended 31 March 2024 Regulator of Social Housing Registered No. H4058 Registered Charity No. 1030782 Registered Company No. 02875065
Crewe YMCA Limited rinancial Statements For the Year Ended 31 March 2024 Contents Pa9e offir5 and Advlsers Board Rert Incorpornting the Strategic Report and Value for Money statement 2-12 Independent Auditors, Report 13-15 ststement of Cornprehen*ve Income and Retalned Earnings 16 ststement of Finandal Posltlon 17 ststement of Cash Flows 18 Notes to the Financlal Ststements 19-26
Crewe YMCA Limited O(fJcer5 and Advisers Dlr8Ltors". Ms S Ward Mr P Pitctier Ms R Adan Ms R Hurst Ms R Bat)ks Ms S Toihill MrAVea Ms E 8rook¢s Rev P 8enntt MrMApa MrDthri Mr J Mulna5 - Wned 18th 2023 . Resigned iy Autyst 2023 . Re51oned 21" May 2024 . Reslgned 2 &Ftember 2024 - AppOted 18 Juty 2023 . Appointed 18th Juty 2023 . iopthted 301h 2024 . App0h11 28" August 2024 Executlv• Dlro¢tw'. Mr M Hllls S¢¢r¢tory: Mfj wBI¢S - ApppiThted l?th juty 2023 R41i8tered •ffi<e and Prlnaple pl•ce of Business: 189 Gr Road Cheshlre CW2 6EL Reg15trations: Company Number: Charity Numberi R•gutstor of Sod•l Hous1. 287S065 1030782 H40S8 Ext¢m•l Audlt¢rsi Xelnadift Aud* Uffdtod 46 Harrilton Squa Elrkenheod MetseOde 01415AR ankers: Pard Bank pk Crewe BrarKh 38 St cwi Prfnclpal Soli¢it¢v%: 8ow(o¢k Cuerden LLP South the5Nre House MèAor A0 anlwkh eshlre CWS 5LX
Crewe YMCA Limitsd Strategic Report for the year ended 31 March 2024 Thls docurnent rdates to Cwe YMCA Urnw, fer1Ed to as Ihe Cornparf throughout this document. To avotd doubL this btes to all Tyathfig usÉd ty Crebve YMC4 Uffllte(I, fprexarnple'CThe YMCA'.'YNCA theshlr¥ 3nd'YMCA Macdesfield,. Our Alms and ObJ•dlves CreweYMCA Umthl is a Chrtotan urIthr¥pds to local needs ty eJeadvety Invethg In pg)ple fves. parbcuL4rfy yourwj peopk and th¢ communlty. thwh all our projects, Indudlng Hous(ng and Engagement. Famty Support. children, and our s¢clal enterwtse5, WI comprlse the GLO Café, R¢om Hi¢E, and ProFe¢ty Malntenance Service. In$FI by Oursu80 fallh and Mm[tMrt Crwe YMCA Umtted alns to relieve or In the felielof people ¢f all agcsl par¥4xlaty yourvj peopl4 who ire In con¢litrJns of need, hartshlp, or distre55 because of thelr scoal. physical, emotional, SpIrtal, or e£onLYnk dr£umslances. The 5trntegk reporL directors rerort ard finda1 stalernents lateS to Crewe YMCA Umlted, referred to as e Cornpan thrrJLwJhrArt. To avold doubl th15 rektts tr) all tr4din9 Me5 Ys¢d by Ce YMCA Umtted, for eyamplo, frewe YMCA'YMC Che5hlT¢', and YMCA M¥desfield.' Out Vlu•# . We bel thateach peffon $ wlque potenual and $tL% to be explo Jnd delNered . Wo bel that a do, appr03ch15 ui¥ral for facllltatlnq chary lrt people's Il¥es . We bdlvde In the ChA5Uan Basss and Mlssksn of the YMCA Ourvlslon WÈ akn to provKle better Ihs ènd better fthes for pe¢ple ¢ommuniUes ty: - Enga&4ng and suppung chlldren and familles, slaylng conneded in the places Ilve - Warttng wlth the tstents al people makln9 trnnsltlons YJ kndependenc¢ - Begtnnlw ihe end of horneletsness experfenced by pean at a Yrne Otsr Mlulon Cr0 YNCA Umw lsa thIAiian chayty that£)ndstO bc41 needs ty Cnative Inve5tyryJ In peorle's and the communty Ihrtjuyh all our prolet& IrKludlno Houlng, Support and Engagem¢ Chlldren, Famllles and Comrmnlty Suppo¢ and Soclal Enterprbe 8usTnesses. EAwrfng OurWO D•lfvets QurAIN •nd Ob5eth•¥ We rnithYouralTh, OblocVe$, atvj alth1e$ èmuatyto er6ure thatall ourworfrt and aciryfdes. ènd the woy are conducted, corntrfbute to the achlwement ol ow almE arO objethves. I,e.. seNe the needs of people who are vulnernble and at r&k ol tyduslon fvoffl nlnstream sodety. Th5$ revkw looks # what we hav? untske In the prevlws 12 months and what these have brought to pwple. We hav referred to the Jarity Commls¥tsn's 44Mral guldance ¢n pubk benefi¢ speoftcalty how planned aceS will contrtbute to thelr Ims and obleLtfv. Our Artlvftles The Ac¥vlits of the Crewe YMfJ Lknltod can Into four core areas: Hou51n91 ppart and EngagemenL ChllJren, Famllks. and C¢mmunlty Suppor¢ thdudlng vtslvhteertrrfj and Sooal Entorprtse 8uslr¢esses. Houslng Supportand ertgagemént Nousln9 remolns ourc¢ff sevlo, ènd Crn4e YMCA Urrlted convnues to provlde Housln9 and Supptsrt ta pople expeftendng gr at rjsk of h¢Jne1e56n5, Includln9 carod.lorchl1dn and CarE Leavers. Unaccompanled PSylum.Seeklng ChlldreN and Refugees. Defi¥rd has remalned throughout the yw, wtth an avernge c£¢upanry of99%. Our maln ott¢rnmvJat5on slte, t¢xatsd èn Gresty Road In Crewe. has been carefvlty desloned and makes è cJtical conlributioTr to endlng or pre¥efit5n9 homelessn. It ¢omprfses 67 <ingltro¢cupaw ufitis, Induding rooms with ensui¢¢ th)M5, sha¢ed tthens, and self<ontslned apartments. In add¢Tr to the unlts at &esty R¢ad. we have conbnued to prgvlde acommodation ar0 supp¢rt In the ¢0mTNnty$ 13 115 (16 wlt5). Th year, we have purfiased a twodrwm ho that wek leased to a or9afitsabon, Cheshire Wthout Abuse, io people who have Pernced dOn1C abus We ctsnilnued to te (omrnls5¥Jned by theshlre EèrtCrMJndl to provtde a HouslA9.Rebted Supp)rtknti (HRS 16+) to 21 Yourt People aged 16+ who are (are leavets, thdudinu uThac£ompanle(l asyluffl4eeknng thljren. FNe of these ynts are at our Gresty Road slte emeryew bed5 and three senlvkndeFondent beds), and sIxts ve in our ftats in the conynunlty. We ¢perate on an knntsged Thlnkkng. assetbased coachirvj model, undeolnned by *tho10gicalty Infomied Environmenrs. The Supportwe offer Is dellvered by a tearn oldelleated Coache& Each re51Jent has access lo a dedlcaied Housing Coach who wotss Ylth them 0ntronlle and a Heakn wefvBelno Coach. In addknon, wufig people bEiween 16 25 can access Youth IAvocacy Coach.
Crewe YMCA Limited
strategic Report for the year ended 31 March 2024
We cofttinued to offer a Rnge ofinfomul leamiftg and eft9agernt a¢twibes through our Glo Acadimy, wch a5 nWSiC, arts and
aafts, constnKdoTh 5kilts and Our support Coaches work with setrfo usas to help ttrm ijevekp the Alls to fNe
happy thriviigi M)dependt Ibfe and the key sknlL¥ Trecesry for enwkyabllity, en03[ athj mentsl Well4[ and healthy
INin9. Radents also have a(ce55 to varirws addfionhl faothtie4 Induding 3 ofé Whe seNSce er5 can take w WO placement
epportunibes, an allolmert and a 9ym.
This w(k wos lurKled by the Foyer Fedtram Share Irom YMCI Ernd and Wales Charity Shllps, the YMCA EryJ13fj
and Wales Room spon9)rfundin9 schen, orant funding, and corporate TrJnsor5.
We continued to host student placemenls In our Ac¢omm4daUon se. Ir
Crewe YMCA Limited Strateglc Report for the year ended 31 March 2024 Twerbty-fve tQy5 lJ¢lny kept ¢)ff the streets tololn In footsall 5e55kns In an am where there are i55wes wrf¢h county Ilnes drug pushlng. supFt& fanth71 In uisis wth cosbofll ak We ronllnue lo prne a Salespa toreveryone to us In 8rea5 of blghwlner&jlty1Q d4t, have fun. engage, shart team, ar41 supporreath other. We r¢ceW thfidlrbj tOW3rds the end of th15yeJr to devthp o new SC1ce, Tethnology, Engtheering and Maths {sfEM) Project to lIeN and Young people aged 8-16. Volunts•rfn9 Opportunltlés In 2023.2024. OurlUntary%ectrr has seen a sIgnCont Incwse In numbtrs. Et puked to 33 aothevolunus sUppOn9 rnles In txpr afé, thmmunty work, and howln9 departrnents. Volunteered houts peaked to 403 a month. Although we prurnate our wJknte¢rlThJ opportrJnlUes on ou¢ websste, word of fftjuth. parttulath fvom our partnershlps, ts the m¢4t suc¢e551vl woy ol ThrEe Indthials he galned ¢1)Yment os a rtstslt of thetr volunreertng oxpethnw enhandrg theli CV'& One has Started w0th1 In a school, one bvllmklng In o mirseryi ènd has Stsrted work In a lool ofé. Volunteer5 continue to be part of the YMCA at larye and we w¢¢t th Vmes a year. They rnust attend our m tralnlng and are 9Nen the OpprtUn trj ¢onwlete any BrKJht HA trJlnln9 to updtte or knprove thelr sklis. We èkn celebrnle our athlLwements s¢dally bv hav]ng •) trening Ollt tsgetrr and party together at Chr15tsnas. Volunteers are well supported on B weewfy basb, not on leaynlng new sklN5 often thip109 thelr ¢onfidentr and communlcatljn lES and lorrnlng la5dng Mendshvs along the way. S¢hwls. knc31 buslnessÈs and partner5 In the MUnity now frequentty fefer adults and young pefje to galn volunteering erfenw withln our oryin1tru t¢QLtse ol how wen SupFrted they are. Feedbath frorn mferTlng bodles and 1rn1rylduals theffsthes Is excellert and conlrtThs hlgh lels of impact. We have Jppolnted a voEunlttr coordlnator SponSIble lor volunteer reuufrnenl engagemtnl and suppo Sadal Efiterp• Busln•M GLO Café Gks caf was theloped to Pthe hh Irwct traSnlng and v¢luftteedw opportunltles In catertng and hcspitslty to local unEmployed yopTe as vrtll as unre5tr1rted Income for our thanlèblt wo. GLO stsnds for Growth, Ufe, ?nd Qpportunibes. Sln¢e openlw ts doors to the p)1 In 2021 wlth Iimlted foottsll. GLO has ¢rforne a desllnayon venue for the rnrnufifty fot ne5ghbouts, frtends, and farnules to meet. Lool bvjlnesses and contrnctovs use the cafe for the5r dalty mea. To date over 50 volurtteertng ¢PeS as wel os pald lobs were pded to young people, mwt of whom have remèlned In employment arKI &Katlon. We are Won0 wlth yovn9 Feople 5pedal Needsschools supported by key worke. Re51dents and past ie5idents of thwe YTr1CA Umlted wotk In the cafe to tyEpare them forvarfou4 sk as Lstomerstr¥Ic, kltchen ass&tsn¢ and work ldIneSS, Qne rnsk4ent ha5 galned a part4lme rolè. This rethnl has galned arther wrt.Urn¢ ro woNrrfJ In J pub. The ufe has become a Men9 place for Iwil people to meet and sodal&e. Our buffet swYSc• l¢xal buslnesse5 afid hire cu5torners has nunued to grn¥. Ofi the flrst Frlthy of moftth, the c•le tecfffjes a popup rattaurant for fundrnlslft9 dtnn¢r and enrtalnment, Thls hjs become a rmnthfy fvndrnln9 aftd soclal elent for the communKy ind a great way to ¢onn¢a with frfend5 ond famity. Guest ppjrts ourworfK ty F4Byrfn9 morof¢rthe experthces. We fvayealso used the everts to sh¢Jwcase the dhfferertfoS oldlfferert cultur85. To thb dare, we ¥t ser¥ed fcd from )St African Countrs.' IneSe, Hog-Kon91 Mcdrterfaneon, Scottysh. llldlan, GMK Ilallan, Spanlsh, We15h, Engllsh, etc. The Cafe conUntRs ¢0 rnlse the profile of our tharttable by opernting èt Irxal ents suth as the communky picnic% Our Nursery and Pmtslon hm •yganded th Lyver co¢k hfjlldays In another nursory. Tr $ceS to b t¢cal nutsery w Indude 30 thlldM through Frfday.Thecurtntstrztegy ts to Intrease the nurnhr of nurnertes by one year on yeir. Property Mèlnten•ncq Servlc• The property malnteNn¢e seNke was cwted to respond to the needs thriThg the pandemic wherÈ hUJIty, COStffethe malnlenancc seTrte5 w¢th an awareneks of ibe nttd5 01 wlrwable trnarbts could be otered for. We conl¢d to work wrth local letbn9 agts. Wi¥ate lartdlords and tharlbes provklng hlgh quality properry mntenènce and [T 5eThke5. The expan56)n ol thts servto has b&n won9 wth Che5he Eost Council throwdh the Htsspltsl Dlsthorge Inltiatrve, enabling HNS d5chJrye 1]ents Into sJf and W.maIntaIned humos, thereby freelng l)eds for new pthnts. Crewe YMCA Urnltcd through our Property Malrtemnce Inspects, malntalns al tharsthe property befote the homeer leave5 hospital. We alsoworklig wtth 4dult setylee5 supporYr4 bxal people eywterKln9 hoaTdlng tssues by prnvlding gJppothe house ckardnc¢ Ktvlces. Fundrnlslng r•Ye YMCI Umlted conUnLd to seek grant and contract fdIng to de]iver hl9h Impctwork for Feople In our accommod?tknn nd wlder communty. Cwe ym iAmited conlfnLd to delNer several grnnts and wntracts through0 the financial year. Once agaln. our largest contract b wth Che5hlre Ea51 Council, through whlth we delNer supported accommodauon to young people aged 1&17. lrtludlng care lewers af¥J unaccompanled a5ylum*eeknng thildrets.
Crewe YMCA Limited Strategic Report for the year ended 31 March 2024 Thi5 contRtt is valued atarnAd £250,000 per amum. We al¥0 contirbl dthery of the Ildbjay AL¥¢S and Foj pro9ramrne although the arnount we receNed throul ths c¢ntrart Wa5 t5 thJTh antic4?ated due to attendaTr at the athlbes. We contuiuedto delwerourworkthrough a grèTht fromthe Foyer FederaboTh tOeMerYoUrg peopte and secured follow-on funding from the Natiorhwide COMMlty Grdnts Scheme to untlnue to del moytron w0wth residents loa¥lng Qewe YMC4 ilmited. lJorl¢ thc5c grénts, we re(thed a grènt of É9,912 through Qthlre CwnmwKy io deler sfEM worshop5, another of £4,547 Iiom Ch¥hire E Counol to run a sardaY dropln for famille5 through oui GLO Cé, The MlliTr HoLtr5 Funé (National Lottery) enable u5 to delNer work trr9eted at redudno antiOda1 behaviour, and angther through Cheshlre Eas1 Coufiiil's Cost of LiviAg Grants of £9.9H to fund the crjsts of a volunteer ctr0rd1eor for 12 tsth5. Several grants and contrats •lx¥ chsed financlal year. Indudlrb9 a ilNnth gran¢ from Youth Mt Wald at £7,500, 4 12Month prnrt from 1¥¢ Cheshtre lUed at £9.W, and fitst yeard Nationwlde Cornrnunty Grnrt Yalutd at É20,OQO. We enter the next finanoal year hang 5Lrwed one Counal CoAtrart valued at £814.NJo gver fve years os wdl as krge gronts thrvugh the 51ngl¢ Horneless AcMmadaOn Prnjett (SIiAP) l¥¢d at £1S1OOO for JvAoprTheni wott and £160,000 over threeyeaf reveTrue fvndlfvj to accompany thls, Corpornt• and Public Fundrnlstng We saw a sliohi reductlon In fjur Cthpornte and Public Fundrnlstr9 In thts y4•r. We ckAd the year wth £57,NJ6 ¢1 Incoff through streaffG allocated to thls area of lundralsln9. We dldnotrun a krye4eale furdral$4ng eveAtbecause tr prev10Fundratssng artd Communkatlans Manaoernw¢d on, te0j gap in the relm and wur¢ on fundrolsing resource. The ryest Soue5 of income for thts stream were Room SpDllSOT of L4,690.59, the YMCA Shops Share at £L6,042A5. and Gifi PJd at £23,434.59. ChJr next blogest income In thts area was from community grarts of £l,SOO thffjuah the Up and Unthr FoubTrdèti¢D, EI,156.14 th9h the CoQp Cornmunty Grants, and £1.920 th9h Cath for Kjds. Our v•lunteers and other donor¥ also ralsed Sofi s¥nifK)nt 11gu$ for us, the area olfvndrn&lno that 1$ up o)mp4red to prewgu51y. ThL5 Induded a volMteér<trordinatré thrtstynas fundraisln9 effvrt U'll9 In £653AO, and a sthcol fundrnis¢r wlth Spnnglleld sthtr)I resj In £282.40, ès wel os donayons fmm YMCI Engtsnd & Was (£835.25 and El,0101, the Gra TnJst {£1,2501. St James. Audlem (£500), Uoyd's gonk (£5MI, the I¢201 Sodal C•rt partfttrshlp (Q8e), afid Nth¢rkln Qewé (£1161. Jon9$ts1e this, we rononued to reCee around É25 per month In rèJular doM¥ons thrnugh Jr lIne Jurt Gmng plokn. FlnJmdal Revlew s a Regi#ered Sjoèl Landlord, QeN¢ YMG4 Umltsd •cMunts are wepared base(l on both the Accounung Dtrettkn for wiv•le re91ste orwders ol soclal hou51ng i55ueil by ReguktorolS•dal Houslng and National Hous1 Fed¢raf5on Ststsment of Recomnnded Prattke. FYt1herm, Cra¥e YMCA iimStsd Is a reg&tered IlfflSt&J company and thereforn the acuunts are In accordance with Q)rnpanles Art 2006. The eoard ofTrustees are Satr5fied that these aca)unts reflect the flnandal IOn of Cfft YMCA Urnw for the year ended 31 Marth 2024. The Inwme b a btend from rwts, mntra4 comntssloThed seNl¢tSi 9ronty tradtrl9 IrKom•, donouan aAd lundrals¢'ng ¢v¢nts. TumD¥er and other Incon% for the year amDunted to £2,57I9551É2,147,IS6), Jn Incr¢Js¢ d 20% CON•r&I io the pmlous year. Qperatin9 EldftUre for the ffle perknd was E 2,34694 (2022-2023 £1,997,023), bn Sncrease of 17%, resuluno In Jn 0t.j suolvs of É226.061. EreSt recewÈd was ÉIO,582. Total Intefest pold and finan9 C05t W8$ £22,328. Pers dlustment due to Triennial valuathn wès £83,741. T¢to1 SuFplus for the year wa5 £2X156 compared to É146,199 In 2023. we YMCA Urywted has a total reserve of £1,528,7S2. PrlncipJl Fundlng Sour The board ofTNstees grakfvlty xknowledge the support from dortors and ThJrthts arttl w&h lo record their slncer¢ lppredatlon to the varnus ¢ryanisats'¢ns for maklng gronts and donat5ons totslllng £177,OW auoss thè seThS¢es. The rnain fvfiding source cMtiNue to be rts1 In[ TtceNed th the fonn of Houlng 8eneflt fw the protyAslon of houlro and SUprrt lor people ewien9 homele55ne55. A totsl of £1,552,914 receNed forthe ¥eai. Our occupancy nie was averaglng at 99% compl1 95% In th¢ pr¢vlou5 year. We nynue to Invert trt our houslng slocK in an ongoing refUrlMent progtamme wlth a strntew to rthrbish 10 units peryeaTat è C05t ol ES.000 peruniLs thereby enhancing tl qUaty of accpmmodotion for users. come from Commtssioned Pl¢%1ft9 Related SuPrt and knommtsdayon for i& ènd 17ryeaTr cale leavers and unaccompani& asylum-seekivj th1dren by Clshire Easi(wn¢il Intrease by 7% from É310k to É33lk. Moreover. cheshi Ea51 provlde5 an a550rtmeDt of srnatkr grants that faoktates fvFiher support ind oftgagenwnt progrnrTmes ar Smer hOlaY prole£ts lor clyldren and FamilK&
Crewe YMCA Limited Strategic Report for the year ended 31 March 2024 Foyer Federnth)n grnnt fvrth our Powef Up Iett Your peo A grdrt from Bathyate supports resldents with home e$5enUals when mjvlng Into thelr home. The Ytyjth Muslc grdnt fvnded our mu51calKY pmgftmmo for restdenb. A (knnauon of £500 from ltrAI phllanthroptst fund5 our West End thildren and projeds Sc<ial enteryitse SInesS Income genernted PrnFoty Malntwan. Room Illre Glo Cafe was £224.QC4) (2022-2023: £160fv00) Tw5tees are awore ol the 0)st4 ryewres on our slaff and semces users, the thueasirvJ $t of rnalntenan and kn¢Jeaslng cwtiyon for 9rants and many demJnd5 for &¥emmert al Loul Authority Funding. Tre annual budgebryj process L4 ri¥5 and seeks to erle th31 underfylng kncorne ddvers are realistic èTrJ attalnable, TNstees awarfed a 5% 5ry uplift ènd sntsn feal Ihrfn9 wage emphyer stsbjs. vestmont Pollty At we5entthe Investhnt Follry is to mulmls¢ short term, low rfsk irtvestrrt o¢porwnlVes. The tsustees Itavlryj regard to the liquw wulremts ol the day lo day yrayons and to the reswve pollry, hèv¢ hlstorfcalty operated a of keeping suffldent funds avalkbleon Ojffent aecountand kn a 5hort-term Inierest-bearing accountto generote a modot rate of return on suth nKnle5. Twstpe5 CQn5tdef It to be pnjdent due to the YO71ty of Ma not to Invest In stvcks and shares. The Board s drtermlned io Imiest tn affordable houslng for re5Idents' workers tanles. There Is a commthent to mèke our properties enronMentaIty frIend ty lThvs¥n9 In sokr and renewèble efteroles Reseryes Pollcy The Board the th• Res¢ryES Poury Ind hève rrffrJnls&J the ne& to ettèbllsh an appropriate level of resenM to safeguard our conhcttjal oblgattons and thÈ needs of all the bertefidartes or seNke Use of Qewe YMCA timlled. The 803rd hbve comlfied the rtqulrements for seNe In the tl9ht ol the rtwin fistrs t¢ the ¢ryanbaUon. Th•1 art committed to generntlr4J sullktent vesuve5 to support wrrent DryanlsJdonJl obll9atturs. The foknying fattors were comldered In ft<lng the ltrrts of selVeS. - &Aden wthdrnwal ¢r L¢Y of a mofvr contnctSLKh as th• Hau%lw Retated Support - Delays In Houlno 8eneNt Payments . Sudden Slgnlflont Incrnses In Opefauanal cost - The cort of coryleVng ary outstandlftg contracts - UabMIt(es under Property or other leases, or pjtonded credlt agreements - Provlthng i flnafidal ¢ushlon agoknst rfsk and Ire tsrtcertalntses . Suffldeni fuN1s waltsble lor Tfu<tt5 to be able 10 èdvantrge of ch•Thges or oppothnltte5 that may arfse, Crv4e Ymfj UMW has è •nd seoJr¢ IKOMe streams. W• have also mJlNtalned 4 comweheAslve rnnge of Ins¥rnnc¢ Indudlng 8uslne5s Intemjpkns cover of fflore thJn £6,000,000 over any 36 months pertod. Free Re5er¥e5 are representrd * unrestrthd fiJnds (Indthllng denated Fuftd51. Beamg In mlnd the coAslderdilan given ata)¥e, the Board agreed on a polty olretslnkng a mln5mum olÉSOOkash weseNes as SUftenttO supportthe cash management of Cree YMCA Umw. To thb end, th¢ Boord of Tnjstees have establlsbed a Re5eNe5 Polty thét Is amualty to enwre that the 4pproprtate1tr4els are Gipltsl CommltmeAts The amverslon of 143 QhJeen$ street and 15 Ford Lane Into a 4 x one tdrnom is onoolng. We sLKcessfvlty bld for £322,000 thrDugh the Slrtok Homeless kcamnwdatSon PrnJ2ct (SHAP), fvnded by Home5 EnylarKI ond admlntstered by Groundw¢rks UK. Th15 fw¢Jng covets £if,fA0 01qpaI totollthg 4D% olthe acqui%ltyon ind dtyelopmentcosts assooated wlth purchasing nd cunverung propwues Into four fijts, The renyinlw É162.000 covers three yeats of revenue fvndlng to rtmifL one stèff member to support a cxeloJd of four young people ot rf5k of or exporfenclng homelessness, We weré also succtssfvl In securlng a 9rant 01 £130,000 to cover the cost of In5ts111ra solar panels at Gresty Road. Thls WIN be spent alongslde the £L5,000 Ir¢wn the Gfftner Erterty Grnnt we receNed from eShIfft East Coundl. S•feguanllng The feguardIng sutummntee bwell establthed and comw15e5 leTrustes Head of Sefykes, n9 and Svpport M3n3ger (dgnated Safeguardtng Lead), a)d HR Manager. ItmeetsblmOnthto sutrtkn15e safe9uardlng incldents anden5ure cempliè th and reguktory UlTlYeThts. Inthding repon9 IIdents as arfse to th¢ relevant hulhorws.
Crewe YMCA Limited Strategic Report for the year ended 31 March 2024 Value for Money Cre%¥e YMCI Limteil has a respun51bilty tu demofistrate ttjat we are delrrtrSng gcod value for monty to our R5ideAts 1rnI stakefvJlder5. We have Io¢d a value-for-frnnLy policYth is compbartwlth Hclguldan. We alm trj get m&%lnMm benefit for the rewtwce5 we have avaikbie and 5bike ihe right lInE btheen eost and quallty. Our Yalutrfor-ffwey poliw ig embedded In au areas of ow operJUDn4athibes. Thts lrtdudes ma1Jmlj Inco froffi al sourtts, appropriatofy tendthng key £ontratts ar wing back the savlnas achkved to our rtthlents in the fomi of crèattve en9age¢nent pro9ram& Crewe YMCA u"mSted Pfoacuvetsf wage5 with all Its servKe vsers, whether 65 Ihough ontrth-pne SUprt. user meebngs, tr SasfaCbtin qu¥UonMir¢s, to ensure that the serykes delNered arè fil for pury¢)5e ènd rAttomes are athi¥wed. TNstets are presented with setvke vsers tewrts blmonlhty at board rtngs. Contracied work won ufflder comp¢titl¥e tdeAD9 slbJotr'on5 ts soutln&ed JgalMt piice and 4uallY. wth the need to offer and eliver the best Yalue to 5ecur¢ new contratt wark Trlouslng Beneft Charges are regularty soiffjni%d ty the loGal athorb ensure they lopsent valw for Ofth Judges our commlknÈnt trj the quality olour housthg. Tho Rnance of Cme YMCA Llmifed I podse levels of èuthorfty delryaw to uffic5. but wth certaln finandal tronsacb¢ns bosed on value type ol expenditure oquirtng board approval. The Flnance and Audit CommKtse scnrtlneS finandal non.finanool outcomes and perforynèno for varfènces. En addithjn to thls è Rlsk regl#ar b malntslrd, updats nd re¥iewoO r¢gularty. V•tuo for Mofiey Achle¥ernents In the past 12 months Our Value lor Money achlevements Is a miknjre of cash savlng5 and qualty enharKeThts at nll add1 c05L In totsl. they mark a signifiunt progress ui identifyir4J opoortunlts for drpln9 value and capTr9 the outcomes and benefits ts prove thwr worth. The GLO Bbftk heme g¢ve5 tents ts opportunlty to a? for • {sol irwesb)nt In twr own life wts. ResthThts have accoss th WO pkcements and tralnln9 In all sodal •ntsrprfse buslns I tenants who are swcessful In Vtting employment are supp)rted wlth a butsary dep1Th0 oft eamSngS, Renl Payment thceniive for resldentr Wo1. Our Engo9ement offer ss in addrtlon to housSn9 SWPOrt to bÈMft our dent a¢d¢no1 thlrytt. Free laundry facilit to am tenonts Investrrtenl ITh 24 hou WI-FI In all bedrooms and Computeis and lJFtsps avallaNe to tenar Christmas and Eastor to every tenants Investment In 5nrAker tsble arld gamlnll facllties Start-up packs for new tenants Includln9 to¢trIeS and culery. Pather agendes deliver swioThs that add value as sexual hea wbsiance fflisw. Job certh 4rd canThnlty paralC Froe Gym Is Open to all tenants. InvostrneThts In apprenticesNp scheme We offer residents 1.1 counselllng sess¥)ns fre¢ of charye. Tenants oo encournged to parudpato th loal communlty ev¢nts. SaviAgs In all irèas of our OFeratn through Improved maintenan prncurements Continued year OTh Year sayinus on utJirti4 insurance, and seplke corttraLts Inve5fvnts ts Imprne stsff effeLtivÈness and Ikxible won9 from home. r>elwery ol Tenanty Heatth Chécts to proacbety erwjage wlth tmants arti fdenWI propety or petsonal tssue$ at an early stsge to susrth teThonty. IncentNÈs to ienants in the forn parcets lor Mpt payment of r•nt has reduced the amouTht of debt $4nificanty. A mbu5t ma5nten•K¢ Wm has nIficandY reduced the Ie1 of void. ConD'nueé Year on Year Investments In our wJpertie5 and equlprn¢Tht Seven standards recommelldeil by the Regulator of Sod•l Hou51nq detsll frn¥e YMC4 Lirnlteds delhery of vJue for nb)n¢y.
Crewe YMCA Limited
Strztsgic Report for the year ended 31 March 2024
M¢trfc Surnmary
In od¢Jit5on to the CUTrent Valfft fvr Money metrfes, the flgufts fcr the 9ced[9 ond 5uctredlng financial yeats hove l)een
prodett, bre)kdownofthÈ2D22.2023 merltcs. Moreover. the1rrtd pem15slon, the 2023-2024 Vae for Money
mthcs foi YMCA St Helens havè aL•J been tsbufated to provloe a comparison agalA5t a commensurate sodal hpu51rwJ provlder.
Crewe YMCA
St Helens
YMCA
2022-23
Actual
202>24
Artual
2024.25
Target
202>24
Tar
Re.Investment %
0.00%
5.26%
3.48%
6.5%
2.03%
New Supply- soclal houslnl %
3.75%
2.50%
3.00%
New Supply- non.so¢lal hgusln8 %
0.00%
0.00%
0.00%
Gearing
-11.90%
4.98%
-5.22%
.4.5%
-6.50%
EBITDA-MRI Interest cover
5,666.19%
7,201.68%
8,126.23%
9,000.20%
3.498.83%
Headline social hausinK Cost per unli
£12,956
£13.456
£14,747
£12,500
£13.225
Operatlng mar8ln IsoclJl houslfi¢ uniis)
12.84%
13.07%
18.SS%
18.50%
9.75%
Operatlng m3r8ln loverjlll
6.80%
6.12%
10.47%
io.so%
41.41%
Return on rapltal employeil IROCEJ
2,41%
2.72%
2.99%
2.20%
11.05%
ststement of Compllanc• wlth R•gulotory Stsndards
prtndpol r5$ 0rn1 m)lerfal uncertalrths affecdng thwe YMC4 Umlted are ts Per6¥Jrt Obllptions and the urKertaln nawre of
ks fvn(Yng streat)Ks, The Bowd consldtss annuaty and on a rolltng basls 3 thretryeir srrdte9t whkh Crewe YMC4 Llrted
pro9rethefy Implemerts.
The Board rece blmOnth reports from the Ch1 ExeoJfr4e Olfic¥ arrtl Ihe sthor leadevshlp tea whlch set out th¢
bu51nEsust aS5tssmont of thE prfndpal ri5b fadng Cmve YMCI L5mltod, InduéSng those thoatenlng Its
buslness anL1 flnandal n>gJel, futu PErfonnèno, stherKI. or Ilqthlty. COnd@rfn9 the current economlc OLrtJook. the dlrert¢rs
bellevethat Crn¥¢ YMCA Urn55 Wella(ed ta minige Its buslness lishs suc¢tthlty.
<cordlngty, the Boari1 belle5 that considerfng Crewe ITrICA Umf(ed's current posttlon ènd subject to the prfnclpl rfsks fvced
the Iwlness, Crewe YMCA urned wrfl be a to cofiUThue In operntyon and meet its 1+abe$ as they fal due lor the pertod
up lo 31 Marth 2024.
Director5 TeJ5onabty cxpect Crewe YMCA LlrrAfed ta have adL¥]Uate fesou¢ces to con¥nue Ils ¢perdUonal exlstence lar the
foreSblE future and fvr at leart ty¥ee finths frnrn the date oflhls
The 8oard confirff6thotth¢AsJocliUon has malntslned compllance wlth the Aegulattrolsocial Houslng GDvefflan¢e and Wabilty
Stsndord.
SelfrAssessm¢nt of the Clydo of G174ém•nte of Ihtt NJtlonJl Houslng Federnttort
Crewe YMCA Llrnlted malntalns compllance wth the of g0veMan of the Notional Houslng Federalon, thereby enwrtng
the effecne$S ond ex¢ellert¢¢ of the bo)rd of Trnstees. Examples of th15 Includo:
I ptskSes and prcth1vS re9Jrdlng 9ovemance are readily avalable to all Stsff and beard members.
The Board of DlreLtots at Cme YMCA Um11 comprfse5 nlne membErs,' elght nMxecutive Trustees, Ind11Th9
Chjlr, who Is re5wn51ble for the btrarrfs leadershlp* and the Chlel ExtaJ¥ve Orn¢er ICEOI. In the last year. ihree
Trnsttts hwe been recrulted. whlle tsvo have restgned. each TNstee has undertaken a Skills Audit and Safeguard109
and Provlded trainln9. have also been able to atrend the an01 BOardruStee awty day.
Crewe YMCA Limited Strategic Report for the year ended 31 March 2024 The Comgany Secretsry (trtead of Fundralsing and Ce) the rd on cwp16an¢e with our mssioA, vtslon, and values ind any 5ts1utury requtsemeffits. Thls is algo athkved In Board Meetlngs Ihrough Senlor Leadetshlo Team reports and the addibon of the pillars of the Strateglc Plan as )yervJa iterr at each nRrting. We are upJatlno (wr TnJ¢ee handbook. whith induis thÈ hlstw of Crewe YMC4 UnNted, Inthdlng its strategy, ¢uf(vRI eth¢s and mLssion, viskn, and values. All 8oard Meebngs aThd committee rneetsn are fvlly minthd based ful agendas wth dtsoJmentatl)n provitled to all Truste& Al o)mmth4 Indudknll the boérd, have f¢ffl1 ter of reftrence to ensure transpare nd effectiyerw. The oryantsaoonts CEO ha5 J £or undEr5tanth'ng ol their re5ponlblUtles, authorty, and raashIP wSth t<>brd, 04rt1ined In thdr 5I9ned contra# of employ1rL The perfom)ancK and remunerntion of the CEO E appraised every two year5 by the nominated Trustee The Board malntath5 hl9h standards of problry and condLrt (e98rdYvJ u)nfllGts of interest and h05p(ralty ac(eptan(e. As per 015aonal polityj al sefiior staff and fnsttts deth any lrterE5t& Tntwested Board t4embefS may not4J19]Os or vote on thist¢ns gardIng thelr Interests. Future Dlr¢rtlon 8uild¢n9 on the 5uc¢vAs of prev)ous stratyales, the Bd, SLT, leom iadÈts, and #èff of YMCA Llmited have tsken the opportunSry to bok to the fure and be bold In eur thinWry4 to Inform our Arnte9lc prkrths fpf the next Y•#, 2022.2027. FIVE strale9lc goais were Iden#Red. the %Yh, IDr thwe YMC4 Umtho over the 5 years: l. our Reach 2. £%lld our Houslno Sefvkes 3. Bulld Communlty 4. Grow our Peopk 5. DIverfy Incorne. Our Strat¢91¢ Goals each sirètegic goal olour VIS contrirte$ to whot frn YMCA Umiied an athw, E¥pand our Reach In 9eography and the seplces we offer, frnm expanllrKJ to addtr4 J rang¢ af merttsl heafth seNices to support our people, Yontle, and iesidenl& Expand Our Houslng ServlttTrWhitemalnthinkn9 aur hl4huality èccommodatloTh, we w511 Incre¢ ourhousir¥Jsiock throu9h pathershlps, rekiUon5hlp5 wilh prlvate landlo5, and creatNe soltsl(on5. Wt wll expand the r4nyE of HrAtslng and Webfafe Seryices we ¢fler to reydents. landlords, and aulhoritlrs, becomlng a weaed setvke ptavkts. We w1 Èvaluate a longeI¢m1 tKpansiDn IAto higltrnoeds housing and rent.ttrby. Bulld Cornmunity-Atthe heartofthe YMCA 8mMUnIty whether it i5 thos¢ who use owspaces and seThlces, ourresldenls, ow pe¢plc, or Dur volunteer5. We believe that coThne(Oofi to th¢ o)mrTrJnty Is essenual, Èspedaty foi famllies and those v41th thlldren. fjrow our Peopl¢ - InvestyNJ in 9rowhg our poople, 5tsff, volunteers afyj resldents ¢Mbles b¢tt¢r IW afid futrJre5. It emp¢wers the to Indopndonc¢, whlth th at tho core of what we 4Jo. Dlv¢rffilfy our Incarn6[ad lficome stwnE U(e r5sk and enoble a gieai¢r IMI of Inv¢stsnent In the seth we off¥. Our soclal enterpiises and partIshIPS ¢KpJnd oui reath and ueote fflnancl %ty and stabllity fvr u5 to omtinue our wty There Is also • neld to d¢v¢lop sutslnablo Nntry and engagnt 0pmun$ for youTrJ ¢Kdwled fiDffl malnstream aming aod to acluev¢ bett¢r trdnsfoons from supported houslng to Independent it¥W. CreweYMCA Llmited lThtendst¢ COllUt to pdesOMe$e1yIcesThjn?JbY the5hSre Ea5tcoundlwhlleslmuftaneouY4ttrOrtbng aliemotsve fvnding streams for our serdtes to develw a balan(¢d ftnèndal pwttollo. Example5 of pmJEdS Indude new youth wort tha¢ on ImpTovlng asplrauons for peotts and work that hetys and l9te$ lrtte9rate wth broader 9)dety more smoathly. Whlle ow Ac¢¢mmodatpJn Str4lces wdl coTh¥nueto be our core buskness fe9ardlng 0moVer Ind oudayi the expansion ol our soclal enterprise business and our Cornmuntr wowk Iljustrnto the deMeaOn of ow IrKome oeneratJN. Furthemor< we are beginning conve0$ othLY organisation5 thathave thÈ rthntial to expand our howiro arbd support offer lrnto new In the wunty. wNth w1 open the door to further ¢pporwrths In ¢$ Whe we ojrrenty have no presen. In addition to txpandlng our GLO prowart4, wè are t¢glnnlnq lo de15ver Dew aws. For example, we ar¢ runniThJ Mental Health FItstd sessi)Ths for the comrnunkty, whSth we %yill lookto ¢elNer In new areas. Ajonplde th, a now to pro¥lde Montal Health Arst Aid troinin91 whkh wili genewe addthial Inttme as Oryan&aya and Indfvjds IK)k pla on ¢ur courses, There Is an Increas4)g need fvr acce551bJe rnenial heath provision for people of Il ages, pth.Cula lor youn9 peD those who Identify as L6q1* communty, and youny famih"e& Many of our seThke us$ t0 one or mNe of these gfDUPS. Therefore, %Ye rnust find a %yay to respond to this deVelOph need, and pm¥idin9 qualty trainthg fretrttraccess Servi{% an ¢b¥IrA Way to achleve thls. AdorfOnal, fvA(15 a parloJLirty interested In fundlrrfj Y4ork enablirbg this klnd of support, a5 the evidence for its posldve Impact on COMffn"e5 Is InueasiT4ty dear.
Crewe YMCA Limited Strategic Report for the year ended 31 March 2024 strurturn, G0MarK aftd Management Governlng docum•nt The organlsayon ts a ¢harltsble uJmpaThy Itsd byguaranie< lietystered Charity NO 1030782. Company No 2875065. The cofflpany was established unthr a Merr¥Jrwn ol Asstrfiatlon, whkh estab155hed ib objects and and s 9oYer ty its Nrtkses ofA55(thUon. Crnle YMC4 Umed hos a Board ol Dtre¢tots. They ft%et wery months and are responslble for settlng strategic dlrtttitirt nd pcW In ac¢oYdarfe wth èlms and objec1tt and monir¢rfng pro9res5 towards thelr achlevernenL The are subgroups that oveee work tn thkal areas. the flnance and Au¢St comfflthe chalred by the Treasurer and the SaleguaTdlo9 Panel dHlred by the Board Safoguard¥¥J UAk Oirector. The Board of Dlrertots nomthates indmduals as Unk DSrErtQfs for ts range of opernYoAs. Ithdudkno Flnance, Sodal Enterpr&e Buslness4 HR, Saftguarfin91 TrObllg an EngagemenL Communlile5 Famlbes. and Users. nk Directors meet regulath with the apwjprfate membefs of thE SeAk>r l•adershtp Tearn and bn some ases wlth wers ol rth sepA¢¢s to dlxuss oJThent &sues ar concern5. Day to (lay pDn$tbl1Jty ftrthe prrmslon of the seNkes resis wlth the Chtef Executive ¢Xficer al¢)n9 wlth the Senior LeadeThhlp Team. The thlef ExeoJth Officer Is responslble for erwrlng that the tharity delNers Its ahms and oblec¢fve5, The Head of Fufidrdlslng artl GnCe rn•Mges Fundralskn9 and c¢mmunItIOnS. Th• a150 att a5 Company Seuctary arvl gappthe 8oard of Olrectorn GovemarKe. Tht Head of S¢Thkes Ind Impart Is responslble lorthe dellvery of htghuality Houslrtg. Support Engagement, and Communhles sertlces. They are part of the Senlor Leader5hlp Team worklng lowords achlevln9 the vjslon èrtd stratety agrttd by the Bpard ol Dlrtctths and ttw pro¥lde elIent ka(1¥5hlp and supp>t to Team Le4dtrs and Str0 delfvery siaff. Th Head of and Is rtsfftble for the m3lntenarKe ol efiK¥ve fmartdal control and cornpllance a¢mss the organlston, provktlnq accurate ar Umety manaoeftnt ol lThfomton to support strate9Sc dedslon making. They are also reGponslble lor Audfc and Iusk. The HR and AtlmlrtstraVon Nèniger ks responslble f¢r Humèn Resources and Olds the Compary Seuetjry in effKtlve commwlcat5on vAth the Board of Trustees, Sndudes trTr9 mlnutes of rnttUng5, d155emlnatiNJ papers, and ty'metabling poli ews. lly are aiyj rt5p0 for the Volunieerfn9 department. Composltlon ol th• Board of Dlrnctors At the end of th¢ final r, the Board of Dlr¢rtors lad 8 membets. The Chlef Execu¥ ofncor slts on the 80a but ng votlng rfghts. Board meetlngs art usualty attended by tho Senlor Leadershlp Team ind In Mme eases operatlJnJl managers. The Olrtdots of the Company are also tharlty Trttee5 for the purposes of tsw. Under the requlrements of the Memornndum ind ttle$ 4fAssodatbon, a dlrector is elocted to ser4e lor a perfcrfl of three years after whlth must be re- okrted •t the next AnNal Gen•rnl Mee11n whlth normalty trkos place ln November. The DIrectO are trorn a varlety of profes<onal backgrounds relwant to the work ofthe Company. The traditlonal buslness and voluntary SeCtorsS are wdl represented ort the eoard of Dlreciors. To malntsln th15 IKoad 5klll n#x, members of the Boafé ol Olre(tots arn roquorted to Pde a Ibt of trlr skilb and Irs the wentof skilb h)5t duo trJ rotsrcrnents or a sk1115 gap being Idenfied, the Company will run a recrutsnert ompalgn to seDJre new D1CtOrs, somellmes apwoa£hlng poople d. The 5kJls base of the Brd ond the relmnce ftr the need5 of the Compèny is urtdor conslant All Dett0 9¢ thelr dme volunt Ind n) benefrts from the thiilty. AnyexPens reclalmed from the are set out kn Nrte 7 M the accoun1& Rlsk Mana9emeTht Clewe YMCA uted has rvewed ts rtsk rnporttn9 to trtthe5 wlthln the year seektng the asslstsnce of now with speoflc workSrrfJ expertise of operath)nal tsk sY5tetr to update our ong01r rtsk lrnmework. The JIM of the framework Is to Idenufy and assess rlsks as ftr as ts reasonable, trke Steps to nith2)ts thme rlsks whornver posilble, and ersure that a su¢table plan In ITr place to thew arKI monlt¢r rfsks on an cfflgolng b4515. For eath ol the folbwlng areas a risk a55esrnt ha5 ljeen undertakert to Id1fy the maln areJ ol rfsk which could affect the or9Jnlsation. naru and Buslnoss EnWtvnm2nt41 or gemal Fattors (such as publ oplnh)n or roktsDnshlp fiJnder5} The thrltys Cornpllance wlth faw reoulauon
Crewe YMCA Limited strategic Report for the year ended 31 March 2024 re YMCA limited acknowltrlges that the re¥ortsibility for managemert and control of the oryan4on lies WI the Erusteek It is however the re5gwsibilities of the Senr Managemenl Team to ensurt each depart01 15 equlJp¢d with the resources w carry our all the ne¢¢ty tasks whtch then be rlewed by the board of tnsteeL DepartmeAtsI pollcie5 and procedure ar¢ ITh plao to Iderttsfy, assess risK tyaluale artknn wlred ensure ConSnI moThitoriw of the rf5k. other Partis Ag a redpient of pubk fun Crts¥e YMCA nited reco9rw the Importance In govemaKe and management of worku¥ in pathershlp with local and natTraI Gcvernment deparlments to delpier tts aims and obJ'e<tfves. Pl a l¢<al tev& ow seNkes ar¢ Informeé by kncal straie9És for homelessness developed and commisstoned ty CheshlrÈ Eastund1. ststement ol Board Mèrnbers. Respansibiliti The members of the Board are required ty le9isktSor) concerning Re9tatred Provldets to pr¢par¢ •c¢ounts for Anandèl yeai, whth give a and falrvlew olthe #ate of affatrs of the A$5rthtkn as Jt the¢na af the finarKlal y¢araAU of the su15 and expenses of the Assoo'abon lor thal perbd. In prcporfng the accounts apwopnote accoiiAllng pleS have been ed and apOe¥ ¢rA)slendy, f¢aSOnab wudent Jud9ements and estimates have been mort and the accounts have been prePad on a n9 concem bu The members of the Board are re5panslble for malntalning adequote o(Un0Th9 record5, for sofeguardlng the ass•ts ot the AssodatKJn and for taking r¢a¥onabte SLeps for prevent6n9 and detectir4 fraud aTra other lryularltses. The Èoard Members holding offlc¢ at the &t¢ of thb report confvm tha¢ 50 far a5 tw oro iwore. there no leVant audit Informab'on of which the Compan$ auditorn are unaware; and eath member hos Ill the steps that they owhi to havè taken as a member to makÈ themsdves aware ¢1 any relwt atht Inforn4ikM énd to estabith that the cdmpanfs drtors are awart of that thfomièvon. 5i•ned on their behf olthe m¢mbers•f th• Bo•rdi Sa'man d - Chalr M•rk Hll - Chlef E¥¢ti Offleer 14:.'...£K..f,.i..tr...ryi..atrfi go24 li
CreweYMCA Limited statement of Corporate Governance and Intsrnal Controls For the Y&ir Ended 31 March 2024 Durlng the pertod the Boarf COMpIW In 811 matsrial rweLts with the elerneats (fthe co3e olG)vemance Is9Jed ty the Natkjnal HotNng Federntian that are relevant and can be Practic Implemented gfven the gze and rare of thig ¢ffJanlsabon. Xnternjl FlTrJndJl Contrnls Baard aCknowe thetr ufdmale resp¢Asibllty fff ensurin9 that the Assodatton has Inplatt a system of controLs that Is approprfate to the variou5 b1ft$ eftrOnMents In wNch it opefate& These controts afe deslgned to give r¢agJnable assuran wyth respett to: The rellabllity of finanilol Inf¢MlIN used wjthln the hA¢¢laY¢ or for The milnten?n OF woper accourtlng records, ènd The safegyardlng of assets aqalnst unauthorlsed use or dlspo&tSrm. It O01rfs reskvJnsbblllty to wtsbllsh and matntsln W•ms of lrt•rnal finafidal control. Suth wsterns carb only prnvldt FEasGrsJble•Dd not absolute rnIe aoalrt flnJndJl ffl4kJtnt or loss. elL¥ments Indude •nsurtThJ that. FOMHI po11th5 and Frrtedures In pla Indud5ny the documenlatSGn of key wrtems and Nles ielatlrvJ to the delegatson of JutFtle$, whlth allow the rnonltothg af contmls resknct the authort$Qd use of the Assocladons Ew'enead and suna quallfled stsff take resptsnsLbllty for Iny&tsnt bulness fvncuons. Innual awaisal ocedures have been etsb115hed to malntsln standords ofperformance, Forecasts and budgets are prepèred whkh allaw the Eoord al management to monltor thekey buslness SkS and ffnandal oblethes, and progress towards flnandal plans set forthe short the rnedlum term,. regular mahègement Ctnts prered prompty, relwan¢ feliabk and up to dète fiMndal ar#J othts Infommtion ind s59nSficart varlarKes frnm bu¢hJets are Inve5ti9ale(l as 8ppropriats. sl9nfflcaftt nLW4 Inae$, major cofflmlbnents snd Invethnt w¢Jects a subjert to forrnal authotsJknoA proc&Jufes, thrtyjgh relevart WbHcomm o)mprislng 8oard members and othe, Tre Audlt Committee mTews p)rtS from Ihe audknrs to prnv¢ feasonable assurnnce thar control Procedu are IA Pl 4nd are belng folld. The Aud Cofflmlitee make5 fEgular rqports tD Ihe Board. Thls Indvdes i gEneral ¢f the m?Jor risks faclng the Assodaan. Formal PllKedurE5 have beEn e5tab115hed for Instituting èpproprlate aOn to urrert weaknesses Identified from the above rew 14 In attordaTh wlth company law, as Ihe AssothèUon dTectors, we ¢efy Ihat there Is no ielevant audlt Infomuiian of ifve A550rJatkni'5 auditors are unaware and the dIrectO have tsken all steps that thry ought to hève taken lo make themselves aware of any relerdnt audtt lfifom)Jt4on and to etsbnsh thar the audltors ore awa of that Infomiatyon. a Ward- Chalr Daté 12
Crewe YMCA Limited Independent Auditor's Report to the member5 of Crewe YMCA Limited For the Year Ended 31 March 2024 Opini¢n We have audilel the financial statements of Crtwe YMCA knlluted (the.AsatioTr) tsr the year ended 31 Marth 2024 whtch rnpe the Statcfftent of comprehertse Intome, the StsiomeTht of Fimnoal Pothon. the Stn)ent of Chèr4e5 in Re5eNes, the Ststement ofcash FIov45 and the note5 to the finoI Slatemen Induding a summary of &9nthc4rt xcountin9 p0cleS IA nrtc l. Ihe fiftancial fePJrting framuyark that ha5 teen apled in theli ppatIOn r& ap&4table kn¥ and United "ngd1)rn AccounVn9 Stsrthrds, induding FAS 102The Finèndal R¢p¢rtiA9 Starthrd applicablo UK and Rewbli¢ ofIrelan{untted 'rLgdorn Ger41 Accepted Accounb'ng practi). In our qynion. the finafKial sthtements., GIVE J true and fair viow ofthe state ofthe AsSl00n5 affaitsasat 31 Marth 2024 and of ts Income and expendrtufe for the year then ended, Have been prnperly prepared In OCCCe wlth Unlted Klngdom Generalty •ltttpW k¢ouniing Prncb'ce,, ind Have been yeoaret1 in accordance wlh th¢ qrernents af thè CoMpae5 Art 2006, Hou51rw and Re9ètIon Att 2008 and th¢ Accounting Diiecbon for Pnvate Reglstered Provk1eo ol S(all40$)9 2022, Bas15 for oplni¢n We condLkled our audit In auordance wlth Intwnational Standards on AudiJDy (UK) (ISPS (UK)) ar¥J aprknble Eaw, Our responsibillbes undtr thosestandards are further Ilescril>ed IA theALMlltorfs rtspjnstbilttles lorthe ludOf thEfinarf5al Jtsments secrion ol ¢ur roport. We are independent of the Assoctstton in aCCOfdance the ethlcal requkemertts th)t I tdevant t¢ our audit ol the finanoal ststcments In the UK, Induding the FRC'S Ethal Stsndard, and we have lubllled our other ethlcal responsibile$ In accordance wlth thc5c rUleMents. We believo that the audll ¢vidErft we hwe obtslned Is antt appropNtc to provide o bosls for our opinlon. Conduiions r•l•tlnB to golnp conc•rD In dudrj the finanoal ststoments. wo have toncjuded thal th¢ eoard's we ol the golng c¢ncem basis ol awourtlng in Ihe preparatjon of the finanual ststsments Is apwoprtète. Bèsed on thÈ WE love perfcmied, we have nol Identifd any materlal uKertalnties rdjyng to t4ents or conthvons thèt. Indlvlduilly or couoctively. may cast &gnfftant doubt on the Cornpjny's atslty to <tintinue as a 9olna conrn for a porlod ol al least months from when thc finanual ststements ore authortxd for tssw&. Our responsibth'tlcs and the re5ponsthilibos ol the Board respert to gothg wncem •re dtsthbed In t Rlwant sttmthns of this report. Other Informotion The Olher infoTffkilion comprSsos the Inlom)atM Induded In the annual rewrt, Oiher than the fftnandal sthtefrrts and our auoilorfs rtport theieon. The Board is responslblÈ lor the other informotion conlaln•J wlthlA annual rep)rt Our opinlon on the finanual 51alomonts doe5 not cover the other infamiat5on and, except to the extsnt OthVISe expldtty stsled In our repjrt we do not expr¢ss arby lom of assurance conduslon th¢rton. Our responsibility IS lo road the other Infom)ètion ond, In tJoln9 $0, whthr other Infomllbon Is malerfal inconsistent with the finanoal statements or our knowledge obtait)ed In the courso of the aud¢ or othejwso appears to be mèteriaW mi55tated. If we idenUfy such matenal inconsisienaes or appnt matwial msstatements, we are required to dciermlTho whcthcr this glves rise to a malerral misMeNt in the finarKièl #atements thEMSeeS. If, tased on tho work we have wfornied. we conCle thèt there is o matertal ml55tstement of this other InfoNnthi, we are ro4ulred lo report that 14rt. We have nothing to report In tl45 rojard.
Crewe YMCA Limited Independent Auditorfs Report to the ffleMbe of Crewe YMCA Llmlted (contlnued) For the Year Ended 31 March 2024 OplnloThs on oth•r Thtter¥ prexYFbed by the Compan1 Art 2006 In rAJr opinKJn, bJ%d on the undertaken In the (OUFse of the audit: the Infation glv¢n In the strdte9lc report and the 1hrtor$, report lor the finanoal year f¢r whlch the flnJrK)al statefflents are prepare(f Is cth)5tthft wilh tr ffinantial statements: and The 51rate41¢ rewt ènd the dtroctors. have been J)repared In accordan with applicable legal requirernents Mattert on whlth we are v¢q¥lved to report by•xc•pttOh tn the Iht of the knOwdge and uftdersianrfing of tho AssadaU¢n and its envlronment (thined In the murse of the audlL we have npt Identif matedal mt$4atements in the Sii¥k feport or the Dlrettors, report Induded wlthln tho tNstoes' rtport. We have fi¢thlrLg to rem In resrrt of the loifowtyig matters In relaOrt to whth Compaftles kt 2W6 fequ1$ US to rtport to you IF, In ow oplnlort: ad¢quote acctyJnUng fecords ve not been kept. or rthms adeouaie foi Our have t been e4ved from nche5 Mt SIted ty u5.. or the finaThes stateffnts are rt kn agrpeffwt wlth the accouniin9 Tecords and rturm,. or certdn dtsdosures of tntstee5' remunernuon spedfied by law are not mJde,' or we have not re¢eW all the Infornwtion and exp1anatfjor we requtre for our audlL In addltkn, we hwe nolhlng to pOrt In respett Qf Ihe foliowlw matter where the Houslng ènd Rcgewattan Act 2008 requ15 LS to report to you If, In (wr eplnlon: a satisfactory System of control over transathons has not been m)Intalned. ReJpon51bllltl¢s Of dirn¢torA As exploW more fvlty In the Ststement ol Dlrector< Rw0n1lts set ¢ut on pa90 6, thE dlreciors a responsible for Ihe eparadoft of the finjnoèl ststtmenrs and fof belng 5atlsfied that thoy glve a tnje and fall ew, and lor such Iniomal wntrol a5thc dlrortorsdctennlnets necessaryeoenablethe preparotton of 1lnanea1stalwtntsthata free from malertal nfjsstalement, whethcr to frnud or orrnr. In preparfn9 the finanoal statemerts, the dlroctoys ère r¢sponthle lor assesslTrJ the Assoclavon's abilty to COne Js a oalny concem, dtsd¢sln9. as applicabk, rnattets related to goln9 concern and usln9 the going c¢ncem OasS5 of accoUnn9 unle55 the thre£t5 ellhEr Irthnd to Ilquldate the Is4110n cease oporatlons, (Y trk4Ye no reallstlc èlLcrnotfve bul to do $0. AudIt05 rap0nilblllt1 for Ihe •udSt of th• Iln•nd•l ststements Our obleLrts are to ottsln reaatsIe assuftnco about %¥hettr the flnandal stsiemenls as a whole are free from malerfal mlsstatement, whether due to fraud or error, and to b55ue an auditufs rekWrt that Indudes our ophikln. lieasonablo assuronce Is a hlgh levEI of assurance, but ts nol a guJranteE that an audlt conducted In ac(ordance with JSAS {UKI wlll always éetect a matertal mlssialnent when It extsts. MI$5tst¢Trts can )r15e from fra(N1 or art consldered motcrl if. Indlytdualty ty In the aggwate, Itty could a5ts1Y be expetted to Inlluence the ffon0M doci51Dr& ol usets taken ott the basls of those financlal statemts. A bjrther descrip¥or of our o5ponsiblts lorthe audit of the tlnaAoal sthtements Is bxated on the Flnancfal Reporting Counol's Weite at Ytr¢¢¥.V.4Vrt[oru5bllI1ies Thls descriptK)n lorffffj port of our auditorfs report. on Extentto whlth tho audlt was consldered ¢apable of detoctlng Irregularltles, Indudlng fraud Ourapwoach lo IdentifySng and assesslng the risk5 of moterlal mi5rtolemont In rospert of irregularilies, Includlng trdud ond non. c¢mpliano wth law5 and wvlatsons, was as follaws: Ihe engagement pather eMured Ihat the engagement tearn collectNcty Iwd the appropriate compettnct, capobiliknes and skills to Ident6fy or recogntse non<ompTr¥ntt wlth apltable laws ano rtgvlations,. we iderhtsfied the laws and TegulaUons appllcable to the A55Dtiation through d¢scvsskJns with trustees and othEr mtygent, and from our krtowledge and exFeriEn ol the secior. 14
Crewe YMCA Limited Independent Auditorfs Report to the members of Crewe YMCA Llmited (continued) For the Year Ended 31 March 2024 we focu5cd on specfft laws and rcgulatlDns whsch we Consered may have a dlrert material effett on tre financkil staternents or Ihe operatitins of the group. includln9 the CompanSe5 2006, Charitr'es Act 2011, Housing SORP 2018, the Housing and Regeneration Act 2008, the Accountsng DSroctyofi for Private Registered pderS of Sothl Hcvdssng 2022, data protection, ants-bnbcryi ernOYment, frxjd hygiene and heafth and Safety reglation,. we 055essed tho extefit of compliance with the laws and regulailons Idenkn'fied aLw thwugh maknng enquirie5 of managernenl learn and ift59eth.ng legalcorresponde¢Ke; and Identsfied laws and {egUOn$ were conununkated wrthln the audit team re9ulorty and the team remalned alert to instsnce5 of nDn<ornplianct throughout the auditi We assessed Ihe su5¢eplJbility of the Ass00"ation's finas)oal statemonts to rnatefial mi5ststcmenL induthng obtsinln9 an understanding ¢1 how fraud mghl occur. by.. makin9 enquirsos of rnanagemenl team as to Whe canldered there was suxeptiblltr to fra thetr knowtedge of actual, suspccted and allcged fraud,. and consKJcring the Intemal controls in ace to mthlgate risks ol fraud and non<omplMKe with laws and ieguL4tion& We Ideniify and asscs5 the risks of malerhil mlsstsiement of the finawal statements, whether due to fnud or effor. and then desi9n and perfcim audit procedures responsNe to th¢xe ri5k5, indudThJ obtsining audrt evldence that ks suffic¢ent and appropria1¢ to provide a basKs for auf opinio$1. To addre55 Ihc nsk of fraud through manègement bvds al ovornde of controls, we: performed analyb'cal prwdures to ¢derttfy ony unusual or unexpottod relalknshlps,, tested journal cntn.es to Klentsfy UnlL01 tran5acts'ons.' assessed whethcr ludgements and assumptk)n5 made in delerrnlnin9 the ac¢ounting e#lmates were IrKlloiive of potentsal bias,. and irtvesbgated thc ratsonalo behinL¢ significant or unusua1 trnnsactlons. In fosponse to the risk of irregularlts'os and noNmplIanCe laws and fegukbons. we deOned pmcedufes whSch Irduded, but wore n¢t lunited to: a9reelng fifianoal statement disdosurcs lo vnderfw'ng 5upportiNJ d¢¢umentation; enquirifig ol management as to actLtal and poterttyal Iitvjation and dalms.. and reviewiAg coffesptsndence with HMRC and relant re9ulètors. There are ¢nhercnt Iimitsrion5 in our audit procedures described above, The more removed thallaws and wulats'ons are fvom financial trafi5actsons, thc less Iikcly It s that we would become awa of non<ornplionce. Audib"ng *andards atso Iimlt the audit procedures requlrc(I to bJentify non<omplrdnce with and iegukuons to enqulry of the dlrertor5 and other management and the Inspectson ol rcgulalory and legal correspondence, If any. Matenal mi$5taiernents Ihot anse due to fraud ¢Jn be harder io detert than those that arfse from error as they may Invofve dclib¢r4te concealmoTht or ¢ollusK)n. Use of our Teport Thi% report is rnade solely to the A55KYatsons mcmbers, as è body. in accordance with Chapter 3 of Part 16 of the Companles Att 2006. Our audit work has been undertaken 50 rhèt we rnlght stale lo the Asscciab'on'5 rnernters those matters we a requlred to state to them Irb an audrtorfs 00r1 and for Thj other purpose. To the fijllest extent ptrmitted by law, we do noi accept or a55ume responybilty tc• anyone other than ihe A550[taOn and the Assots"èbons fflernbe a5 a for ow audrt worl (or this report, or for thc opinions b¥e havc formed. H¢lon Furksn9 FCA (Senior Statutory Auditor) Foi and on behalf of Xelnadin Audit timited Statutory Auditor 46 Hamilton Squa BirkCnèd Merycyside, CH415AR Date.. 23 cq . Il4. 15
erewèYMCI Llmlted r•rth•YurÉndtdJl MaNh 2024 Ye¥tf4t4 )14 Ji.Yw24 114?.1 192iJJ iJ,•yi •Y.741 146 2Jl cs IIIcèmScanner'
oe4¥0 YMCA Umlted StsknJEnt of flnd P•sltlon Fmthe Yw Ended JI 14yth 1024 )14?) io 194910 lio 76$ i) {M.431) 4N2v ijb (4707,711> &S14753 MJSWwd.Ch* cs Camscanner.
Crewe YMCA Umltsd Statement of Cash Flows For th¢Year Ended 31 Marth 2024 Yw ENW 31-NaTr24 Year ETr1ed 3l.Mw23 Netcashljowtrnm oPtIn acdvltlos 171764 223,758 che¢rth red aEets (408,808) 131,1161 (398,126) ljl,116} Cashllowfrom •thA¥es Interest palj 13.9Y) 370.1100 61097 J8S,575 Repwnent ol 13.9Y) 60,21J 188,7C4 ¢ash •nd cxh•4th1ts •tth• b•4lnnlng •fth• r 71J6,765 518,057 Cash and ash•4¥41•ts ottk• •ndof th•ye•r 706 765 Year El 31.TrI4 Ye)r Erbjed 31.Mar.23 caShfiOffl ¢p•rntlfio artlvl 5Jrplusfc¢ they Ajusbnertts fop nonwcagh Ilom&' Oepredalknn ofhxslry pwerfes Oepredatknn ol otheftaryieIthed assets ortsatkJr4¢lGMm$7Wnt9rint 140,199 164220 76,530 {139,664) fi,000) 704 {117,A27) 161677 53,697 (139.0641 IKrewllD¢crtase) kn trade ottru•di lfftawiDecrnasti In P¢Tr ye¢iwr Adjusimerts f•r lrt¥wtlN4 orflnandnqxts¥lll••t IDiereA pable IDtErest (113) 3,934 Th• Mtmon pagts 19to 21 IntArnI occounls.
Crewo YMCA Limlted
Note5 to the Financial Statements
For the Year Ended 31 March 2024
YficA UrNted 6a priYa¢e ctyypany. lin bygLkHrnNtt, Is In ErYJLW the Coffwxe5 Att 2(Kfj $
stedWi1kn the Regulatar ol al IoL&r¥) IM40581 as a Phmte ReMeTrd Prrth dSrKJh] HoL¥r4. A5S0Qaton wigerÈd chaity
loo&eJed t0307821. The r4g&tw¥Y otrice & 189 Grth R¢& Ctr5N, C•V2 6ELI
l. 5ndpa1 AccouThtlng P4lld
T fjnanthal statements been p•ed In appIKabk uriod cltepted •uoLnbW PrKD'¢e (UK rAP}
TrJ of RecomnRD620 Pike for WeIed housrwj prQ4el5. HO9 S<JRP 201&
rinanaal St3ments comptywith Ho[Wd Re9trdnL 2 and ihe Dec)n for Prive Regthied Pmld¥sof
al HOn? 202k. attounts ate prepared on hts1olI
Crewe YMCA Limitsd Notss ta the FEnand•l Ststements For the Year Ended 31 Marth 2024 L PrfndylAccaunVNJ Polldes (ctsnlln TL¥ represents rertal fvrat rrfeknbl4 eopir819ran¢ reve 9ranrsfffjm IKal I11t$ Homes Ef4Lind and other irKome. recw15ed In retstlon to tr wrfod wMn ttegw#s ¢rservkes have wppw. Rentrt Ir0 I$d vJhEn the pr¢pety is Mlkbk lor let, ofw¢ts. lfieomefrtyn pmperty 5pJes15 recognknJ M kgèl complet 140 turr to ssof 0maOn durir4 vealeded 31 March 2024 Grnnts Cl) Sathl No1n9 Grar " Ir¥j deferfed leaSe4 Inllre È%peoed fvI Ire dltr¢ assè tOfwNth tw Cll) OtherGTrnts Caprtal ba srarts rnue based gwfsare credired IDtr In¢omtaTr1 e¥wdlivre accourts& tyare rece Loan lrterest costs &nKcru ba4s ValAddell Thx mAsgo¢laUon (W vAfon 5Qff of Ifs IrKorr I15 able recover p¥tof the VAT it Iwrs on exponditure. aftxwts dixk)s¢d accowlsare ofvAT ttst oxleni tst It va sLff¥ed by A$s0¢1•yan a1 not re¢tyer4bfe. roldopreda H•uslrvJProp•rtlÈx Tawble f0 asséts •[¢d cog I4r¢olJeprffWUo WhOW4 proports CLXVriSe h¥0 ty fflafvr compomnts wlth 6iffwert usefvl ttonomk Ilves IUELSI, each (omoawt 1$ for separ3rety ord Its IrMdU01 u&. experth laUr¢ lo repCetar feMwJl ol ¢ornpornts Is uplled a$ IrKurred. UELS l¢r IdenW rnmpmonts ¥e 4sfollows'. Depiooikn15dW on 0thvtsro frd 4s£¢tsona #rtloht Ilne ¢vertr •xped&l rformlc umful IN•5 wthlchira as l¢llM: DebEQ¥% ar4 uediteiswtth (h) Intertst rate arhj or payable wthinono year arn recorfed at trnnsxlon grte, Ary Iohse5 3nwrrfJ from Imp?irmer4 ihe siatemttit dcompohertht Incon in rjiberoperaw emper Lew pJynrrts are rwltsa5ane¥peeo the lease tenm cffl a al9hi line The aggrewe celea5¢ in¢enihes is fÈCth)nid asa rEdtion10 pverthe lease tenn. on a s1rdht b'ne ba
Crew¢ YMCA Limited Notes to the Financial Ststements For the Year Ended 31 Marth 2024 Prlndptyl A¢¢4Yhtlnk Polldes (conilDkd) RetSrnrnentBonofrts ost ol rethmefit perskiroard ¢ekd berts ts tt• perse$ pthi>J5 berItffj fro empkJyee¥ 5eThice5. Flnaffld Instrurn•nts FIrEl as5etsand fla1 Iiabibtses are at tranStr pfKe Pl Ints ose ofa flnBvJal a55elor f1blty fair¥al profit or V•15) c05rs tha¢are the xqulit(ior of assét w firbattkl OebL tr6tnJmenlS Ihat net cordbors In p8rawh IIA(bl ofFR5 IQ2 aff alar5¢(01t the efftitr Mett, e¥iep¢ wheo arrdffje ionAtures a finarKiw tran5acVon. In thlso5e Ebt at ts presenr 1 ol the payments dLs(ount¢d ai o mwkei rote ol Inte fora simiknrdebL Zmp•lrnhut of FI¢al Ass•ts InTrts are assed fty inyalmwt I.¥U•. Fot on Inthtwt rr45wod atC4Stle6s knpalrn the Impain IJs$1s tt dilfe¢ence asset's OmgUnta fv tg thot th¢ entity Ul0 recee for tr è%et Il It te be oi the repDn9 daio. Turnw•r. C•rt¢l Mlu. Owr•tl¢w expthdknrtand Opvatlftg surpl 2024 rntIDB Optrati (dthdt) soc1 hou¥lJ4 14ttiry (nol 3•) (&9Q9.717) 2YdJ06 Athlts•ttrthan hou (note 3b> 31I9J2 14¥7.iTrJ (50,245) Ts)tsl 2023 CpertUt¥ typ11. Tun S¢Klol houiitw I•ttiAgS (nots 31) 1,631,879 (1.%5.Ml 125 Actsltle50therthaTh Mdbl I¥s1nD (nots 3b) 511277 (49LOJJI 24.244 14
Crewe YMCA Limlted Notes to the Flnanctal Ststernonts Forthe Year Ended 31 Marth 2024 Xal. Yurntsv•rind•per•¥ty tspendlturn Supported Tolal 2Q24 Tc4al 2023 Incomè Reni rer)le net ol&Jentillable char9es of ¥obts Sermce charges 679,280 1.017,331 139,664 349.748 679.210 017,331 139.664 349.748 637.136 855,079 139,664 OUW fvom al NO Yalaltsrnawfrom Sothl lloy9 Lottlnqg Man4emort RoutTne moSnienvKe &6 debts 868.181 65,887 8,336 166,214 i,ioo s,1¥1 65,817 8,336 166.214 801,IQO 76S.702 92,879 27,966 162,6Y? 456,766 0CO5 T¢ral OperaUNJ expetsJth on Sc<1 LettiW5 717 1909 717 OpmiittiSyrplu• on Soth1 Howlw L¢ttlwi 125 Vokl fos5e5 (belw rentstlKon kst ¥ a le1 f toiffj le( altknwh lar k(¥ry) ){b). Tufflowvfr•m th1&thIrth1o dil luilTrJ 2024 2023 TRlrdr4 •rl erygenRnt Cthihlrèn fwnty servlce5 Calé shop Propety 47,03? IQ3A82 lQ7,617 91992 25Ofj0 9.944 ,189 103,131 78,935 44,67e Zl,299 175,046 386.932 l5,27 Ac6)mmothtlon fflanW•nd In dthvek>pm 2024 2023 UNrrnJnap•nMt•ty•BTond lrttsr•rtpapbl• •nd fln•ndffj t4 2024 2023 On kèns repayabl¢ or repartlE In moreth7n fve years 21328 3,934 on ordlnaryathltl The operabng SUTpIu5 ts 5toted allef thirglnty{cTrdrtlrffjl:. Audws rw)urerlon In t4r capadty 45 {wlLOlw VAT) Opeth'r¢ loase cli¥ges Depreda¥ of w¢pert5 Oepieoafkn of other a 2024 2023 4.074 166,220 162,677 53,691 (139,664) (IYJ.664)
Crewe YMCA Limited Notes to the financlal Statements Far the Year Ended 31 Narth 2024 Key maThag¢m¢nt p¢r¥4rtn r•fflyMr•tlgn 2024 2023 Key manèoement Penr1 We delId as th¢ ¢ttereir10ts ar#1 the CIW ExeoJlwe Thè aggregate entS paid to thp ¢Mna9ettI tearn tlumEnts 64,146 7,692 Pe0n ¢Qrtnb¥r& PIM•1Ve direct¢rs r&&ed M remurffibM ¢n theyear1202> nil) ¢[unts paid M ihe Iwtst pakl dlredor. exdthliNJ Fonsion contribuU¢f4 wwe: The Qr ExKutfve isan ordinary ftwnl)er Qf Fer6%Jn stheffle tii entrorrted c specialtem appty. Thwe are w è&thtional penslon •rrar4¢menr& A ¢ontrbuDon c4£1,761 (2023 £14881 was made by thè in a.0 t4 tK p01 (¢br$ of the ¢Aef Employtt thfomiatton 20 )vornoe weekty numbw41 ptr50 ern9ed éuring thèy¢arÉ¥ts$eQ In ttrno eqwalenI35 hurs per weekl was.. 41 W4e5 and riQS Soc415e(L¥lty cr penyon %15 1&124 89,192 24 925.Qll 79.714 033 Aggregote lull #allww remuirnb¢fi {1uY1rj ¢Qn40r) (ell 5Wthin bal$ of: £00 to £70,rth th pwd', £70XbJO to £80,tIXl pefio¢.' ÉfjO,trX w £9Q.OC(I period., PeNsT•n obJl9)tlo Ce YW path'wed In a pewn pian proV1j élf11 trnents ba OTh final pw&on•bl¢ ltyenwuyeu olYMCAs In Etyland, and Wak> Tr assets of the peOTr Prt arè Mid rdt dcree YMCA aa at fvyearer tSe wÈre Jnwexed In ihe frferttr LrsJ.n9 65% ftwcNr¢ aTrJ 35% th gro¥yth pcrdolv) aThJ Sfvoder Ipropety units antyl. Th¢ recent completed ttrrte yr val¢1nWasas ot l M X123. The %%tKh hw? IM mD5t $4rnfKJThteffea OTh Iho resul ¢1 Ihe v&uaDon are ilw FdèIi to aS9Jnd rales 014.56%, ItaSt th pewro th ptymert¢T3.18% {lor RPI upped at S% pa), bveraoe IdÉ oxptaartty from rwl reitremenia9e lof 651 fva <unert rne DWrr d 21.Syea& f¢nk 24.0 years ar 23.1 yeas fora mèle pewrw, 2S.7 rebdrg ITh 20 yeèr5Onw, The re9Ji ¢f vakntioft 5h¢YKd Ih•i tht yL ol the £lJ3.IJYL TrM5 rtyed 924 01 th• tt hbj a¢crwd to memb Tr Pengon Plan wa5 dtrsed tD rw rnelnlxarx1 futu seryice wrth etf•lfrom 30Apn"12C#17. With Ine rermvalol 5Jlary 1rt79e lur bcnefiES all empknyed deferred nwbers berarw dEfered oslrom J 2011.
Crewe YMCA Llmlted Notests the FhftdII Ststéments Forthe Year Ended 31 March 2024 J. pttp¥l 31 at 31 2023 upattheYpty}$hx CtyYeYMCA rths betnatsrfoj th)t reJ R• Tw• t• WIthIN •A• Aft•r Ilv• Aft•r •4r TOTAL 2024 TOTAL 2023 A YX A> bt 31 MatEh 2CQ4 A# Jt 31 MoKh 2023 IAatykx¥ Y74CA fflwkna¥e( ¥mel¥A)Uu knoot(thE YblCAsrfth& 5hare¢f¢K•YWJ P{ Plan'sdef&L liis natswtharnfy Ihaii)trYtYVIJ may beow typay kn the I11& 11023 Q9,1551. A131 Mtyth 20241W LThMrftr1Otép1ljI2o2J nu; rttlr• E4uWtyII V&k£ Equiwi I1xAllets AIIW2023 AdOWS Al JI M¥th 2024 7,351610 284,498 562,K6 42,132 50,466 8,293,312 At I WI 202J 2,146.05$ 2Tr,191 467,713 33J 40.J40 2,884,672 37 2¢ 27 N•1 •0¢kv•lk At JI Katth 2024 At31 202) 5 247 S55 10,1 2Q24 2013 5 247.SSS
Crewe YMCA Limited
Notes to the Finanaal Statements
For the Year Ended 31 March 2024
li. Trad•aAd•thttd•bt•
23
Aent arrws
Ltsry., provfy'on lor bad debts
IS638
111.798
1714SI
54,272
PrepayThents and Uxome
are all wthn year.
12. Cash •ndush t4¥lvaknts
xo
2023
Cash at bank aTrJ ITr haTh1
766 978
.765
13. Crfxlllorn: arnounls f&liTrJ withrto year
2QJ
creditors
Rent In
14,300
8,327
7J81
25,366
2&243
78,2•1
84.945
U9,fj
l39,664
3¥91L
31,¢62
4 $1?
30
29T43Z
secur4y
a15 and deferred Incurr
Defee Capjral Gr)b 14)
PeOn lbilily (Note 9)
8aftk I¢ l3bl
13& CMJlt•rJ: fallir¥J rNre tl4n tyyear
2024
2023
DeferT¢¢ Cawki Grani (N¢lt 141
Pengonlobility I1¢ 9)
Eank Lo3ns{N¢re 13bl
4,294>31
4,43S403
46A93
l6%567
365 150 316
07
banx loan or £369,33612Q23; £61,433) U¢dlS y¢ar a1 uedrtor5 due In gfeoterlw orn year, b
srfured bv a fit4 cthrye on th¢ pr¢wit by tho aTr1 J5 rewible by • If&tsifflnts ofll.5S5 per n)Jrth¥WW the rat
34 yoar& lThJu¢ed In bank loans 15 £34S,02412023: £310911 %lch s dL (Dr reptyment after more than fveyears Ir¢m the Jm¢ntol
I3 D•bt analylli
24
2023
Lwrts rtpwble by Inst•h.
WIlNn year
In ont yow¢r mort lut less than yoars
In 0Ve31% or btA tess ttsn fweyears
In fNeyear¥ or moro
4,116
117
15,616
13,108
3&091
J69 3J6
14. D¢lwrt4
Crewe YMCA Limited Notes to the FlnJnrJal Statements For the Year Ended 31 Marth 2024 IS. ArA¢•f thang•1 Its nttil At l Aprfl 2013 Othv NoA- Cash Changes At 31 Mart 2024 Ca4) It Bank Loarts Due kn OM Year Loar6 Due lfter Orn Ye 7ffj765 16.IITJ 155,316) 69.213 1,931 13CIJ,8311 766.978 14,1861 65,1) 247A90 16. Sh•NFCWtsI The Athn, doosngt hwe J Umlted tyGL4rtntte. wPorety ffthbttscortrtbL¢e UP w a nwimurn ofÉi Ch$uld Ure be è deMeryonvlrth9 U A51¢pJatJDn INildsrfn¢e eotjpwrt tatr Opernts lea Pl the er1 of theyear the A59xlaUoTh W mmmibnents rftoThl futu mmiimum I ptyMenL% as lolkkns: 2014 2023 )t tsterthan ¥ear terthjn kl l)ter fN•years 4.416 8,718 450 . Gr•nt•ndfln•nd•l•Hlstsnc• 2424 20 ai 31 MJrch: 1 asdefeffd gnrrt. ts)ffjrvJ RKwi5ed Js Offie In strtent Olcomprehme Income. Rewtsed asIr In tk str1E •lC¢rywrehenthie In¢¢4ne. ¢tsr 4A35A03 ¥659,156 25,015 4,515,067 1,519,492 2S,615 19. Capltsl Carnrnltmants YJ24 2023 phl experKlitw2 IltytP <•ntr fgr but ho¥ rtèeen prv4Kled In tr fiMrval #atement5 Qpiral expenartuw èporoved tythe 8oarO bur yet been the ¢nE ar prwbus year, there fftre rn reLd party I remuMrnUDn to ary tr¢¢ fOrWvth5 J trn4ee