YMCA Cheshire.Limited Financial Statements. .For the Year Ended 31 March 2025 Regulator of. Sodal Housing Registered.No..H405.8;.. .Registered Charity No. 1030782 Registered Company No. 02875065 A12 'AE8Z4CLV* 2710912025 COMPANIES HOUSE 07 YMCA Cheshlre Limited. Financial Statements For the Year Ended 31 March 2025: Conténts. Officers'ahcl Advigers 80ard Report irtorpora#TrJ the Stratogic to 21 Y¢)ung People a9ed 16+ who are CO￿ leavers, lrtdudlry unaccompanled asWum*eking thildren. Fi¥e of these unSls ao at our Giesty Road site ffv40 emergency beds aTrJ th￿ semi-independenl beds),. and Sixteen are In our flats in ihe commvn%ty. YMCA Cheshlffj Llnitted has conllriwl to PTovède a PlO￿n9.fte￿Ied Support seDAce to (are leavets, indudirng ynactompanled aWvm*eknn9 children under our HPS L6+ SeThice, cCrnmLssi￿ed by Cheshlre East Counol, indudin9 emergency bells, semi- independent W5, and, thi5 Se￿Ce grew to 29 units {up from 21 last year), due lo leasing additional ljats In Ihe comm¥Jnity utilising urw5ed student accommodatSon frtyn a l¢xal We also became Of5ted Reglstefed on Ihe 7th Augus12024, to prnvtde Supwed AccommodalK>n w youn9 pwple aged lfj and 17 due 10 new Regulatio￿. YMCA Cheshire Limited Strategic Report for the year ended 31 March 2025 ThTh9h the Sivjle Homele55nes6 Accommodaiion Prngramme (SHAPI, a capitsl fjJnd ￿unthe￿ by Ihe Depèrtsnent f¢r Le¥ellirKJ Up, Hougng and Communities (DLUHCI lo lTryease the wpply of supported hou9ng, we puroaased thretrbedroom end<*f. leThace hcthe5 in Crewe that have been converted into four hlghquality one-bedroom flats for youThJ peopte aged 18-25. Alxj, this year, YMCA Chethire Limited commenced a new 'H(k6ing Led. HrAJsing Rdated gJpwt CLmttratt, comrnssioned Cheshire Eèst. Tlys semce 15 lor nine ontrbed nats in the ¢ommLtnity, priorlugng access to hou51n9 for people with 'Complex Ne&s' With a fiexible model, YMCA Cheshire Limited ha5 leased four flats In Crewe. COn91e￿ft, and Macdetheld. expanding our feach into Ihe wlder Ctralre area. nallyi thi5 year, YMCA Cheshlre timlled utilised è further 18 units ol unused slLNlent KcOmfr￿ation lor Refvg¢¢5, brlnglThJ our total capaoty up to 126 (up from 8S). We delivered an Advantaged Th'nknng. PsythcdtsJ¢cally Inlomed Enwronments mrthl. with a Icuson Houln91 Healih aJJJ well- Bein91 and Youth AdvKw. Each ￿sIdent h)5 access to a dedloled Mc4Jslng Coath who WO￿ with them on a one.￿.￿ne l)ag'5 ar￿ è Health and Well-8eing Coèth. In additson. young people between 16 and 25 access Youth Adv￿1￿ Coèch. Residen￿ ¥so have access to inftymal *amlrvJ actm'ues such as arts and (rnfts, c¢oknThJ, fc•)ttJall. and 4 wee* waK as ¥vell as ongte faob'tles. incluL*ng a ofé %)there seThice vsets can take up work placement opportunilres and a gym. We trwled student pla￿ments In our Accornmodabon Servi¢4 Induding pSYth￿o9Y Students aThl socSal wcrfk students. We have contlnued to deliver (he work lundeil ty the Foyer Federation'5 'Power Up Youth. projert to strengthen youth vty {includln9 a young people's Advisory Group) and a part-time ReSe￿eMefit Coath and continued to support rel￿￿ts as they moved out of YMCA Cheshire Limlted into their t)wn tenonoe5 for up to 12 month5. Nationwide, Foyff Federation, YMCA EnglaThd and Wales. grani fund1￿, aTrJ corporate Sponso￿ funded these proJetts. Exempt AccommodalloTr & Re9ulation Initiative YMCA Chuhire Limlted launched the Exempt A¢commodaUon & Regulaiion Inluatlve. estaWts*ed to In Part￿￿hIP wllh landlofds and support pwders to deliver safe, compliant, and supptytive hougng for wlnerable re51dents. Our alm is to Improve s￿ndardS au¢)SS tlie soctor by er&irln9 tlwt re911ents hav¢ access to s*, ￿11-mO￿9ed 5￿pPorted hou51n9. We are commiiied to upholdln9 compliance wlth legal, iegul*Jry, and s*egUartlln9 Tequlrements, whilE dri¥7￿ poltlvt outcomes throu9h oveffSi9hl of the quality of wpport seNlces provided. To dale, 190 properties have slgned up to the Inillalive. with many more providets currently engaged in the onlKJar¢ling protrss As Part of oui work, we are actively Inspealn9 properbes and collaboratin9 wlth provldets lo rJSse standards and s1rengthen support for res1defi￿. To further enhance our ¢apaoty, we have (euuiied a (tedlcaied staff member fo SUPPQrting the delivery ofour goèls, In addi1S0n. we havo invested In a new Customer Relatlonship Mana9ement .. Those who rebre1'2) The r* 154.8% YMCA Cheshire Limited: Stra.te9ic Report for.the year.ended, 31 March,:2025.. ,Stafl tnlnln9 oppo￿nItIeS Throughiwl the.year;".we.have offered,different.tra!ning for iiur'.employ.è4".:which induded:" Core.!r*Jurtt(In Traifting.{5'1imes:over.Ihe yea.r).' Safeguaiding Trninirig 'SexLtal"Harasyiienl.Training Fire Wardèn Training StresS..TrAcari￿s traunia. and.wdlbeiti9 trainlng. ..Elfects've Management,Troining 'Presentatiori skills Irainirig'for.,.m4inagÈfS.: Confliti management tr.aining: ' Inforrii trainlr4J Res1orabvE.Prattsce . Fjrst'.ASd Training.. 'Mental'Healtii First Trainiri9.. Housln9 Away Day. ..Coathlng.Trainlng" ft,.Trainlng" We 5tarteil'a Healtii artii.WellbeSng Gr0up..and wé mét 8'.bmes'ihroi￿tr￿tthe',vear....Tl1e¢l1lPlIYffjeS"geher41￿.1o)..thW..￿￿ti￿js,. "arto. th.ey decided. whai areas.tby, vdknled',lo fc(us..,Th'è!,È:'areisorrie.:'of.tt*..'ciwng.es..IhJt,,were.iniplementod.due to.'th¢' H&W ' 910UP..throu9houi ihe year: Showets In.staff toilet .C(Irrier r¢Jorri cligfi'glng.1'o bè,"a"sifé'spJce.lo Ehill, p.eedj'.w...beiflnlthed..9ff.,.an(I poiniiry'¢lp.':idli.ng:,:byt., *nearly there Dow. Thanks.to'.Ernily.and joge. ', Staff ￿tch"en was tharwed also hdped lunfh breaks:a little:" L￿)ked into'the cash back sclieme and,.as.'a'resuli.' ha¥,e.done a'*aff:'benefts,consuit4'110'n I S¢Jff.'dfxount in the café ' Indusion'of nl9ht sthff nall irDprovements to.m3ierni.ty. and patemity.P,4y.. ' Wellbtr'n9 Agreed inclusii!n'of_'birthday,'leove' and.heaith'"caié cash'.'back'.plan'iri"the,'bud9ti.'lèr tlie..25126'..flnar¢lal. We ¢onduufBtiiq, Abovo.50,is emcellont, ,'Atr'oye.'801s bvorla"c!!iSg' ,'Ilousln¢-' SJ: M&noEemenT; 6CI" ComriiiJnico11ori:, SO.. . .uslomer'8è'1vi¢e.ond F..•11,:'6.7., '.Molnten8n¢e.' SO Lesg'ihan 6 morilh5...60 6..12 rnoiilhs-' 03 1.-'2y¢"ats'..67, ?.-È.y&8is.88' mor.e Ihan..S'y,eais-.4,.1 .In.Ehe.￿mffler o!'2024..we"received..a Sfver."Award f(1r..our..Invesl￿$'5n Peo'ple,.accreditab'on .which.is'an outStanthng. 'a¢knevern￿t.. YMCA Cheshire Limited Strateglc Report for the year ended 31 March 2025 Volunte¢rtll9 Opportunlties In 2024 -2025..YMCA Cheshire Llfnlte(I In?iesteLI In a Volunteér Cowoinator. The addition of our YryJth' departrriènt has attraLled younger volunteers and students. which has rfwor&fied the volunteer pojl. Alongside supponlng us wilhin the ofé and communltjes, %Ye now hwe ¥olunteer5 in ow finance, maIntenan￿. and refvgee departments. Volunteer htyjrs have fluctL4ted, ranging from 280 w month al their lowest lo $50 at their hio1*#. These IlLKtuaiiOr￿ are primarily due lo Ihe volume of ￿lUnteets who Iwe tsken on palil wo￿. eetsyeen October 2024 and Marth 202S. IS of ￿r¥olunteerS hove mcNed on togain pald worK I l of whom ao rv)w paid withln the YMCA. Our social media and. word of moutii a￿ Aill the mast effecbve tools for recntilirKJ, wlth Indeed also contributin9 more recenuy. Voluntetrs are Inlfjted to attend fvn events 34 Ymes a yeor to celebrate and integrate, forming friendships and lon9-lathng connectlons. tn addliion to the maNla¢ory ￿ight MR tr•nln9 and coye Ind￿tI￿. our conmctlons 9)uth Cheshlrt College and'motherwell hwe provided further opprrtunities for vdvnteers to leam new *llls and developi through IJ range of free ￿Urse$ offered and pas*d ¢)n to the.wolunteer% Socl•l Enterprfse Business GLO Café Glo Cale was ethb115htrJ lo pffjvlde hlgh.Impact hlnlng and vo¢unteerlffJ opportunllies in eatering Iw'iièlity to I￿1 nemplwd people, whSle also generatiThJ unrestn.rted Income lor our tharitable Work. GLO 5tsnds for Grov4th, U'fe, and Opportunltle5. sI￿e openlng Its do￿5 to the publlc In 2021, Wlth limlled lts)ttall, GLO Cafe has become a community destln)don whve neiohbwrs, fvlen(Is, ènd tsmllles can meet. Lc￿1 businesses and contrartQry Use the cafe lor their daily mea15. To date. over 65 volunteering Opportunities ￿ wdl ag pald Jobs have been p￿￿ded to young peopl¢ mcst of whom have remalned i employinent and educatlon. We are ¥Yothng wlth young peeyle fvom Spedal Needs sthods supportod by kry workers. Regfjdents and (+ymer re￿defits ol Cfewe YMCA Umited work in the tsfe to develop skill$.wch'as customer semce. kitchen ￿￿￿0nce, vffjtk readlness. Our buffet seNlce fcr hxal busine55e5 and ri)w hlre customers contynues to expaftd. Our Monthly Solree transfom5 the ¢afé'lnto è &¥>p"up restaurant lor a fvndraislng dlnner and enrertalnment. Thls has become a monthly fundral%ff4 and sooal elent for the ccfflmunity and a greai way to c¢nrtett wilh fviends and family. Guest supi)0rt5 our work by paw'ng fflore for the experlenees. We have also used the events lo shwase the dlffefent foods ol dlNerenl wItu￿. To thls date. we have served fi>)1 from most Afrlcan tountrie4 Indu¢in9 Chlnese, H¢*3.Kon9, Mediierraneèn, Scottish, Sndian, GreeK italian, 5panlsh. We15h, and En91th. The Cafe cM16nues w ra15e the profile of our ¢h)ritsble work by operollng at local events 9Jch as the community ￿(nI(s. On Ihe first Friday ol every month, the cafe bécorne5 a pop-up restaurant for lundralslng dlnner and entertainment. ThLs has become a monthly fundralgng and sfflal pAent ihe comrnunlty and è 9￿at way to connert wilh friends and famity. GL*St supports ¢wr work by payl¢19 more lor the e¥perfences. We hève also used the events its sIK*wcase different fcth1s of dlfferent cultures. To thls date, vo have seTred f¢b>J ftom mosi African Countries.. Chinese. Ho9-Kon9, Mediterftneèn, Scottish. Indian. Gr￿k. Italian, Spanssh. Welsh, Engllsh, elc. The Cafe contlnues to ralse the profile ol OUT charitable work by 0￿ratIng at Irnl events such as rhe commurrity picnics. Crnft $tslls YMCA avthire lirnlted prowdes spaces in the cafe for creative I￿al PEople to itse a5 uaft 5ts11s to buikl ¢￿fidenCe, theSr eniefprises. generale I￿1)Me, and 9fve ba(* io thtlrcommunlty. Fl¥é Stèll Owne￿ c(oJpled the spaces In 2024125 and hove donaied ow £5C¢J to YMC4 Chethire LimTled. Nursery Meal$ Unfortunately. our maln nursery customer do*Ad dthvn in the year. We then took over the nur5erf5 lunth and dlmer service5 from the same ¢ustomer, bvt fty a nMKh laroèr nuisery that needeil a 9reJter number of meals. We conisnue to market the 5ervice5 to othw nurserte Comniunlty Meal A5 part of our ongoing effotts to cor*nect with the comrnunity and offer Me￿IngfvI opportunities for en9agement, we launched "a monthty communlty meal projèct. This Initiative aims to ueate an inclusive and welcoming environment, bringin9 tc4Je(her 1nds￿d￿415 from diverse b'atkgrounds to'enjoy a nutrltlous meal. shale eXperten￿ ènd storles, and build reldttonshlps thereby strewvJlhening the sense of and ￿lIdarity in Crewe. YMCA Cheshire Limited strategic Report for the year:ended 31 Marth 2025 Corilerence Room Hive .Ouf C(>nItre￿jn9 and faoliti￿ hire"tOllbnues to expand;'We continue to use OUT assets to supwrt Ilral charities.,We offer the .spaces to I￿al Chan￿e$ at no cost or at a reosmable pricè. Lc¢al training pr¢)viders (L￿1n￿e to use our room5 for wa￿0￿5 trolrurtg Ise59(￿S. such as the Iroinln9 of new social workets for tsre h(Thes.' .Our Conferen￿ rooms wwe also used as afteT*hc¥S clubs In the evening and lor thoii practty by lor31 th(iir wouiik ,Property Maintenlrtce SeThlce The Pfijpertii rtialnlènance seryice was crealed to meel pandemlc-related needs. offering hIgh￿Uallfy. aff￿dable ma5ritenancè lol leiiiny a9onts and scoal landlords. Wo conbnued parlrthng with IcJrt Grryiil .'£12,649 frnm the YMCA'Shops Profil Share ,'£725.78 ftom YMCA Erigland & Wates manifesto appe* .'£1..1￿ fr(?m Bendey Motots.. , In iiie 2025-2(126 finar￿la1.yea1, we have ern￿oyed a Fundr>lsin9 Maliager, who'has'tsken on thSs'area of fundraising. We .'Jntldpate that h'avlng a member of stsff ded¢cate¢S to thls area wlll Incfease the Income under this stfeam. ,Fln•ndal fte￿QW ..A5 a RèrJiSteraJ Sc(ial Lartdlord. YMCA Cheshlre Umited aca>unts are prepared botPI tile Accounung Dir￿￿0￿ for prSvate '.reglstered provlders of ￿31 houslng Issued by the Rtrjula￿r 01 *4Jl Hoiisirvj and the National Hoi151n9 Federation's Stateiment of Recornmèride(I Practsce.;.FurthemKJre.'YMCA Chethire Limited is a reglstered limlted company and fvrefO￿ Ihe accwnts are In att¢Tdance wilh Companles Act 2CK)6. ' The goèrd ol Trustees is utisfied that accounts reftert YMCA Cheshire Limited s financial positKin fry ihe yeor ended 31 , March 2025. The Income ts a blend of rerts'.'.contracts." commlwAoned sefyices, grant4 trading Income,'donati(ir15, and Income .raseO fr'om fvndrnl*ng Lwent 'Turntiver and othef lrtcome for the yéar arnounted to £3,682,868 {2023-24 E2.572.955), an Increive ol 43% compared lo the 'pre¥iou5 yeaf.'Operabn9 expèndititreforthe ￿ffle period was £ 3.34602012023.2024 £2,346.894?,"an increase of 429h,' resulling in an operallri9 surplus of £336,848. Interest recelved was £22,352. Total interest paid and financing costs were £26,293. Totsl SU￿1v$ for th'e year vios £325.42112023.24'£298,156),'an Ihcrease'of 18% compared to 2023-24. Prfnclpal Fundlng Soiiyces ' Tr B¢a￿ of Tnth gratefvll*"ackn¢iVrtedgés the support friJm'¢Styicsts.'arid funders ènd wishes to record Ihelr Sincere appre0at￿n to the various organisatiorts fer: riwking granLS and donah'on5. A trjtal or.. £146,386 was received as ￿all grants and doriattons, E30.000 revenue grant rec•ved lor SHAP Piolect £151"0￿ capital grant recelved for'solar Parels Insta'llation an(1 Bot'ler replacement £160.OCQ capllal grant received for.SHAP.PioJéct ' Th'e malri s(iurce of ￿1ndIfi9 remalns feiitsl irKtyrie In thé fwm of HI)￿n9 Benefit whkh sUpp￿ts the pro¥fjsion of ht)usln9 and as9Stance fr)r people'éxperienon9 homelessness."A total of É.2,703,'424 wa5 rece￿ed for ihe year.. occupanry rates'acrnss v￿ou5 hou*ng provi51ori5 were high., averriging 98%'compared to 99% thé prevlous ￿or. We Continue io Irwest ITh our,hotJ'slrtg stock throug1* an ￿gOIr￿j'reAlrb{Shrn￿￿t program aimed at refufblthtng io Uhits per year for £5,Crf)O per uniL thereby lrnproving tt* quollty of aCC￿ni0da0"￿ for service vs¢rs. Income frtiri) Commlssi¢J'ed Hous¢ng Related ￿pptirt and Accornrnodation for 16- and 17.year-olds carp lea¥ws and iinaccompanled awum-seeking thlldreri by East counol increased by 6% from E331k to £354k.' The new conimlssiofte"d Corfiplex Ne￿1$ ser￿Ce contract'value wos £148k.. Cl)eshire East counol continued to provide an'aty)rtrnent of ynaller grnnts thbt facilitate iutther suppwc and engagement. prr#Jrarnmes and sumff*r holiday proSects fo'r children and Familvè5.. Swai entérpnse trading Income fr(im Pi(>perty Maintenance. Rotsn Hire," and Gli? Cale was 1256,770 (2023-2024.. £224,000), an Incieale 0114%,. Creatloft of a Ttsiilfig Sutisldlary .YMCA Cheshlre.Limited niaria9eÈ GLO MaintenaKe, a. property Maintenan￿ seryKe that generate5 income unrelated'to its. prfmary charitable acti￿ties, 05 w¥1 a5 the GLO Café,. whith se*ve5 both as a Iralnln9 venue for YMCA tegdents and as a public- faorig bugrtess.'Ad¥ibonally. the. GLO Hub (Rcmirii Hlre) operate5 solely for profit and is subiert to the same trading restiicbons. Slnce YMG) C1￿￿lre5 non.prtmary puipose tt7ding activities have now eYceeOed £80.000 in Incomi we are reoulred lo estabflsh Ihese Income streams as a tradln9 suF>sithary.to ensure legal compllance. We ha¥e rreated a svb51diary called GLO CnltrpTr5¢S Lirnbted lo eriwre %¥e refflain legally compl¢ant. YMCA Cheshire Llmited Strategic Report for the year ended 31 March 2025 In¥estment Pollcv C4￿ently, the Investmeni pollcy aims to ma>imize short-lerm, lort-iisk investrnent opportunttles. The truste4 can￿￿ertIv￿ the liquidity needs of ¢Joily operab.ons and the reserve pojiry. have tra(liD"onally malntsined suffiwt Iwid5 Wl a CUITent acwunt and short-tem interest-bearing account to eam a mLiJest ￿turn, Tnjstees believe il ￿ pnJdenL given market volatility. not to invest in stocks and thares. The Sjard is commiited lo Invts1ing In affordable hougng for resdents, wo￿￿$, and lan￿lIes. We èft ojrwuy purchasng additional properties in line with our stralegK goal, There is a pl￿e lo make ijur propulies envworwnentally fn'endly by the installation of solar pane15 al Gr* Road and further Inve5bng in improving the EPC fatyng ol all dISpe￿e0 Pr￿)￿les. Reserves Poli The E4>afd have rethewed the Resewves PL)liLy and have rwnlsed the need to e5tabltsh an apprwiate level of reseThe to saleguard ovr conlraclual obligab"CrfbS ond the need5 of all the benefviaries or 5er4i¢e usets of YMCA (￿shIrt tim¢ted. e4)ard have eKamin&J the tharity's requirements for fe5erye In the Ilght of maln ri*s lo the ￿￿nIs￿tIon. The followi factors were constdered In fixin9 the levels of reserve5: Sudden wllhdrawal or Loss of • &gnificant contract, such os the ￿￿)s{r8 Relaied Support Ctlays in Hou9rrfJ Benefit Payments Sudden Slgnificant inuea5es in Operaiional cost The cost of completing any outstarbjing contracts Any Liabilllles under PToperV or olher leases, ty exiended credit agreeinents ProV￿1n9 a financial cuSh￿n agaln5t (utufe uncertainties &Jffitienl fLtnds available lor Tfustees to be able to lake advants9e of change5 or opportuniiies thal may arise. YMCA Che5hlre Umlleo a diverse and relobvely sety￿ In(ty￿e 5tream5. We have algo rnalntalned a omprehenspM ran9e ol 5nsurance induding Buyness Inlemiptions cover of mwe than Éls milllon over w 36 month5 period. Capital Commitm¢nts The conver5iM of J43 Queens Sireel and 15 Ford Lane Into loui One.bedr￿ffl apartments was completed, The project w partly fvndeo by a toan of £300k Irom CAF Bank and a Capital and Re¥￿￿e Grant of £160k and É162k (for 3 yeats) respealvely through the Single Hpmeless Ac(omm¢yJation Project ISHAP). fvnded by Homes England and admlnirtered by Groundwohs UK. The tnstallgtton of Solar Panels arkt replacement OF 8otler at Gresty Road was c¢vnpleleé 5u(cessfully• fvnded ty £136k from DCMS Energy and E15,(KIo from Greener Energy Grant recelved from che$￿'re Cast Counol. Safeguarding The salo9Ltarding subcomfflittee is well &siabl55heiS ond I￿vdeS Ihe P•xrd Safeguardlng Link Olredty, Head ol SeNios. Houwg 1 SLtpport Manager Ide51gnaled Sofeguarrfing Lead), and HR Manoger. 11 meets every tr40 months 10 revlEw 5afe9uarding Inodents and ensure (rynplian￿ with legal and regulakni requirements. induding reporting inodents prunptly tothe oppropriate authorllies. Valu¢ for Money Yl4lCA Cheshire Umited has a reyJn5ibility Lo demonstrate that we are deliverirwj go&J value for morty to our residents and stakehclders. YMCA Cheshire Limiied actlvely enga9es with all Its s•v¢c¢ usews, whethei through One￿n￿ne.￿P[¢rt, service user meelirvjs. or SatiSf￿tiOn Que#ionnai￿s. lo ensure ihe seryios provlded are flt for purwse and achlLwe their outcomes. Trn5tees re¢eNe service user reports bi.mDnthly ot l>oard meetlng5. Contratied wort won through comoetitive lenderlng Ss xruttnized fry prlo and quallri, with the aSffl of offedng aNI delivedFVJ the best value to seatre new contrads. The ILKal authority regulaty revlews HtyJslng Bthiefil charges to ensure they pro*de value for money. Ofsted assesses conwnitment to hw4ng quality. The FlnarKe Policy OfyM￿ Cheshire liffliled 5pecifie5 dearlevets of aulhwity ddegated to officers. Certain finanoal tsansactior4 depending on their value and type of expenditwe* requSre I￿￿rd approval. The FlnarKe aTrJ Audit Committee wews finarKial and non.finarKial ouicomes and peiformance bi-monthly. Addilionallyi a iisk re9lsler Is malnlained, re9ulady updated, and rewewed, and 6 also presenttrj to Ihe board l*.monthly. Valu• for Money Achle¥ameAts In the p￿t 12 months Our Value for Money athievements is a mixture of osh savSry and quality enhancements al nll additional cost. In totsl, they wnark a 9gnificani progre55 in iiientsfy"n9 OPPCrtunities for driv¢r4J value and optyring the outcome5 arKI benefits to prove tl*ir orlh, The GLO eank Stheme allows tenants to apply fvr a persMal investnRnl in thelr own life g Reydents have access to work placernents and ifdining In all ￿￿1 enterprise All tenants who a￿ successful in gettin9 employment are supported with a bursary dependirvj on eamings Oyf Acti¥itSes offer sud) as weekly c•*lng* w*ks and a quiz Is In addltlon to howlng 9JPWt to benefft our clSent without additsthlal charges. Free laundry taolltles io all tenants Investsmenl in 24 houts Wi.Fi In all bedrooms and Computets and loptew available to tenants Christmas and Easter gifts to every tenants YMCA Cheshire Limited Strate9ic Report for the year ended 31. March 2025 Investmebit In wooker table and garnin9 facill(ie5 stsrt-up packs for rw tenants includin9 Itylelries and OJUery. Partner ageThies defbver sess¢Ms tha.t add value suth'as Sexual ￿1th, ￿bsta￿ misLse. Job centre and community paramedlts. Free onsite Gym isopen to all tenants, 1nvesbnerits in apprenticeship xtierne Tenants are encourèged to Pafbopale In k%al community oveftt& Savings in all areas of ¢Jperalion through improved rnainienafl￿ prc(u￿rnents Continued year on Year'swng5 Ori ublil¢es, insurance. and serv5ce contrnc15 Investments in ￿ to impro¥e stsff effertNeness and ftexlble wothing from home. Incentives to'lenants In the form of f￿1 par￿15 for W4ynpl payment of rent hos reduced the amount of debt Slgnificantty.. A robust maln!enarKe has 99nificantly reduced the level ol void: Continued Year on Year investments In our properties and equipment en gandards re(YmmtTrJed by the Regulator of Social HousSng detall Crewe YMC4 ￿Mile￿,$ contin(￿￿ delivery of v*ue for money. Metric Summary In addiiion to the current Value for Money metrics. the figures fty the precediNJ and succeeding finandal years have been pthldeo, along51de a b￿akdown of 2024-2025 metrlc5. Moreover, wlth thelr kind perni1￿l￿n, the 2024.2025 Value for Money metrics lor YMCI St Helens tralie also been tsb(Oated to p￿de a compar6son against a commensuraie soo'al houlng provlder. YMCA Cheshire 5t Helen5 YMCA 2023-24 A¢tu•l 2024-25 Actual 202S.26 Tar8et Target 202*25 Re.In¥estment % 3.48% 6.50% 4.32% 6.5% 0.66% New Supply. soclal housln8 % 2.50% 3.00% 2.41% 3.00% 0.00% Ntw Supply- non-soclal housin8 % 0.00% 0.00% 0.00% Gearfn8 -5.22% .4.50% .4.34% 4.5% .5.66% E81TDA-MRI Interest cover 1,522% 9.000% 1,933% 2,000% 1,998% Headline w¢ial housing Cost per unit 14.747 £12.SOO £26,544 £is,000 £14.543 Operating margin Isoclal housin8 unltsl. 12.64% 18.50% 13.14% 15.00% 13.91% Operating fflar8in loveralll 8.79% 10.50% 9.15% 12.00% 10.35% Return on capltal èlnployed IROCEI 3.40% 2.20% 5.06% 3.42% ststement of Compltance with Regulatory Stsndards Principat risks and material UrKertainl￿s affeuing YMCA Cheshire Llmlted are Its Penslon Obllgations and the ￿￿erta1ft nature ol Its fvndln9 streams. The P*)ard uin¥ders ￿nuallY a five year strategic plan (2022 - 20271 wthlch YMCA Cheshlre Limited pwreswdy inplements. The S)ard biniwithly repoits fr'iim the Chlef 'ex￿utbve Officer and the senlor leader5hlp team. wl*h set out Inesss rlsk5, risk management plan5, and tolerances. The sbateglc plafi includes è robi&st assessmrt of the PFinopal risks faci4)g YMCA cheshi￿ Lbmited. rndudirtg those threatening its busine55 and financial mcA!el, fU￿re perforrnan￿, sofvery, or liqvidity. Con9dthr*J the cwrent economic ￿tIC#)k, the 'dlrtctors belleve ihat YMCA 0￿hIrt L6mlted Is well.plèced io m8nège Irs tjulness risks successfully. io YMCA Cheshire Limited Strategic Report for the year ended 31 March 2025 Accordingly, the Board believes that conslderfng YMCA Chthife Limited s current pogtlon and subject to the prlnopal r15ks faced by the bugness. YMCI Cheshire tsmiled wlll be able to continue in opeiation and meet its liabiliDes as they (all due for the peric•J up to 31 Morch 2026. Directots reasonafA¥ expert YMCA Cheshire Limitbj to have adequa￿ resources to continue Its opeftiional existence for the foreseeable fviure and for at 5east Nyelve months frcffi the dote of this rewt. The 8c4id confi￿5 that Ihe Pssociab'on hasmalntsifted compliarKe with the Regulatty of Swal Housin9 Governan￿ and W￿bilIty Self-Assessment ol the Code of Governance of the Nationil Houslng Federatson YMCA Cheshlre knmited mainkins mmpliance with the 0￿e of governan￿ of Ihe National M¢)u4ng Fei1eration, thereby e￿iring ihe eNettivene55 and excellence of the board of Tru#ees. Examples of thls or￿lude. I pdicies and procedures r￿lding 9ovemance are ieèdily available to all stsff and boafif members The eoard of Direaors at YMCA Cheshire knmiled comprises eight membets.. elghl noiwecutsve T1[￿ee$, IrbY￿ling a Cholr. who Is reSpOr￿Ible for the board's leadership. and Ilne management of the (hlel ExecU￿¥e OffKer ICEO}. In the lastyeèr. four Trustee5 have been recruited, while four have resigned, indudin9 Chalr. who was succeeded by the prewous Vice Chair. Each Trustee has underthken a Skills Audit and Safeguarding and Prowded tralnin9. TrL$5tees have a150 been able to attetNI the annual Boordffrvstee away day. The Company Secr¢lary (Head of Fundraigng and C￿vernal￿t) advffjts the Board on comp14ance our mLs4on. Vlsion. values and èrny stslulory requ1refflen￿ This Is also achleve(l in Board Meeiings through Senlor Leadetshlp Team rewrts and the addition of. the pillars of ihe Strategic Plan as 39enda items at eath rnee￿ng, All Board Meetln9s and committee meetlng5 ore lully minuled and ba5Ed on full Jwdas with advan￿ ￿￿￿￿entatiOn provided to all Trnstees. NJI committees, Ind￿ling the board. have fom)al terms of refererKe lo &isure tran5parenty nd effectlveness. The organigtion'5 CEO has a clear unde￿anding of thelr wl rop0Th9bllities, authority, and relati¢Y￿h1p with Ihe board, OLtdined In theSr *'9ned conlract of employmenl. The performance and remurwèbon of the ceo is appralseo every years by the nominatÈ(l TfUStee& The Board mawitains high sfandares of pfobity and cMdu¢ e5pedalty regardln9 confllcts of Interest and wirallty cceptsnce, As per or9anWllonal poli¢y, all senlor stsff and Tn15tees murt dedare •rty Intere515. Interested Board Members may not discuss or Vole on decis￿ regarding the6r interes Futurn DIre￿o0 Buildin9 on the success of pievious *fate9Se% the eoard, SLT, *im Leaders, and sthff of YMCA Che*tSre limited have taken the opporttsnity to knk to the fulure and be bold in our thinking to Inf¢Ym our str4tegic priorities for the five year period, 2022.202?. FIVE straleglc 90015 were Idenufied for YMCA Che5htre Umited for the 5 year (2022-20271,. l. Exp•nd our Reach 2. Expand our IloL6iny seThi￿$ 3. Build Communlty 4. Grow our People 5. Diversify In£ome. Our Strateglc Goals Each straleglc goal of vlslon Cffitribyies to what YMCA Cheshire Llmiied can Jtt¥eve. Expand our R¢a¢h In geography and the 5eNices we offer, from expaThJlng gwraphlcally to addir¥J a range of mentsi he)lth seNces ro &Jp￿rt our people, volunteer5, and iesldents. Expand our Htr4ts1ng S•r¥lcts-While maintainlftg ￿Jr hIgh-o￿lIty acctymmodalon, we wll increa* wr housrfw 5t(Kk thrw9h partnership5, relatsonships with private landlord5, and ￿3t•Ve 501uOon> We will expand the ran9e of Housing and Welfare SeNces we offer 10 iesi'dents, landlords, and auilTrarit*s, bffoming a respe¢(ed 5eThlce providw. We will evaluate a lon9er4em expinsion inlo high-needs housing and rent-lo-buy, Bulld Community. Al the heart of Ihe YMCA Is a ￿mMunity, wheiher It isthosevtho ￿e0￿1 spacesand seThices. our resldenls, Our people, or trJr volunteers. We believe that connecMI lo ihe communty ￿ e55enVal. opedally for familles and tho* wilh children. Grow our People - In¥esvng in growing our people. staff. volunteer5, and regdents e￿Ie$ better Ilves and fu￿￿5. It empowers the transition to independen￿. whith is at the core of what we do. Dlvetsify our Inc9m￿BrOad In￿￿e srreams reduce risk and enable a 9￿aler l¢*el of Investmeni In ￿ICeS we offer. Our ￿al enlefprfse5 and partner5hip5 expaNJ our reach and rJeate finonoal security and stèbility for us to Cominue ow woth. Theie is also a need to develop 9Jsiainable training and engagement Opp￿tUnitieS for.youJvJ people exduded fr¢m maSnweam learni$￿ and to xhleve betttr trangtsons from supported hoLWty to independent kn'vtrTrJ. YMCA Cheshlre timited intends io continue ￿ provide some service5 funded by Cheshtre East Council while slmultaneouly attrath.ng aliemaUve funding slreams for our ￿¢tr$ to develop a balarKed finaKlal ptytfolio. Examples of projects ¢ndude new youlh work that focuses improwng aspiraiions for young people work that helps asylum4eeker5 and refugees inlegrale 5th broader SODety m¢re $inOQihly. Whlle ow Att¢mfflodoiityn ScThfices wlll coniirtue to be our core bwnew wardln9 oJr li YMCA Cheshire Limited Strateglc Report for the year ended 31 March 2025 turnover and tyJllay. Ihe wanslon of our s(￿{01 enterprfse bU￿n￿$ and our communty work Ill￿te the dive￿￿caUOD of Our ific￿ genernlion. Furthern)o￿, we are beginning COrtversation5 with other Of9anlsattons that have the potential to expand our houslng and support offer Into new areas In the courty. which wlll open the d(KJr to furt￿r opportunrties tn places wtrwe we currenlw have no preSert￿. Its addition to expandlng our GLO pffjgrarn5, we a￿ be9lnning lo defiver new work areas. For example, we are runnlng Mental Health First Aid sessions for the ccmmunlty, which we wll Icok to ddSver In new a￿35. Alongside Ihi5, we are atle to PfovSde Menral Health Fltst tralnlng, whKh wll generate additi¢wal income as orgonlsalions Ir#liviiJtsafs bc*)k places on our courses. Ttrwe Is an Inueagn9 need for accessible mentol health prov15ion for peopk of all ages, particvlarly for young people, vtho identify as LGf8Ql+ community. young families. Many of our service users fall into one or m%ye of these groups. Therefore. we must find a way lo respond io this (ievelopin9 need, and providing Quality tralning anLI free-ttracce55 seNce$ 15 n obwous way to achilwe this. Addibonally, funders are Pa￿.c￿ladY Inlerethd in fvnding work enablin9 thls ￿n0 ol support, as the e￿den￿ for its positive impart rffi cornmuniu'es is inuea5ingty dear. strUC￿re, Governanee and M4n•gement Go¥ernSng docum•nt Oryanlsa￿On Is a choritsble company fjmited by guarantee, R*ster&J Chèrity No 1030782, Company No 2875C65. The c¢)mpony was establlshed under a Mefflornnthjm of Awiatlon. whtch esièblished Its oblecLs and powws, and Is govemed by 115 Artyde5 of A$50uation. SIw￿re YMCA Chesttire b"mitrd hos o 8oard of DIrett0￿ They meet Èwery two rn￿th5 and are responslble for settln9 Strategic directlon and pdlcy In acctydance wlth its alffls and 4)blective5 and monit¢yirvJ pr¢¥Jress towards their achi(￿Ment. There are sut•)roups that t)versee in oiiical areas.. the Fir*an￿ and Audit Committee, chaired by the Treasurer, the Safeguarding Panel, (haired by Board Safeguarding Link Dtrector. The Board of Directots nominates indiviovals as tink Oirectors for Its rnrt9e of operallons, I￿lUdIng finan￿, Sc(4al Enierprise, HR, Safe9uardlng, Trainin9 and Engagement. Communiti4 Youth ond Families, and SeTrice Usefs. ts'nk Oireclws meet Tegularfy with the appropriate members of the Senior Leadershlp Team and In xjme cases wllh users ol its *ryices to d15WSs current ts5ue5 ancl concems. Day to day responslbllity for tre pr¢A90n of the servw rests wlth the thlef Execuhve Officer along with the Senlor Leadershlp Teèm. The thel Executive Officer bs 0$po￿lble for ertsurin9 t￿1 the charity delivers its aims and oblttti¥e5. The Mead of Fundrnllng and Governance fi￿Trage5 Fundral4ng arrtl Communlr4tSons. Thty also act as G)mpany Seuetary and pwt the eoard of DlrettOVS wilh Governan￿. The Oeputy CEOI Head crf Services and Impart Is respon4ble for the detsvery ol high44uallty Hous1r￿, Support Engagement, and Communiues serv1￿. Thty Ire part ol the SeniLY Leadershlp Team wtjrklng towards •th￿Ing tPe vision and 5trate9y agreed by the eoard of Direaors and Ihey provide excesleni leadership and support to Team Leader5 and servlce delivery staff. They also èct as the rnjln poirt of ¢X*)tsct for kry decigon mJklThg in the ceo's absence. The Head of Flnance and 8ugnss is reskwisible for the maintenance of effrftNe finanoal Controls and complSance across the gJnlsoYon, provldln9 accurate arrt1 tlrnety management of Informabon 10 5UPPOrt strètegic dedslon makin9. They ￿e also resw)n9ble fer Audit and Rlsk. The Head of People and Cultuie Is responsble lor Human Re9Jur¢es and itds the Company Seffttary in effective ¢ornmunication w¢lh the Boafd of Trusltts, indudes tsking mlnute5 of meeUngs, disseminating papers. ana tiMe￿blIn9 pollcy ievlews, Ttrw are also re5pon9ble for ihe Volunreerlng departmenL They are part of ihe Senlor iea(Jership Team. Composltloft of the Btmrd ol Dlrertors At the end of the flnanoal year. the P￿Id of Olredors had eight members. The Chlef Executive Officer also artends meeiings of the 8oèrd but has no vofjng rights. Tr C(Nmpany Seuetrry attends eoar(I meeiings bul has no voting rlghts, althou9h they have authority to Ygn agreements CA) behalf of the ¢y9anlsaiion, anil th£y a￿ re9i5tered with Companies House and the Charity c1￿mI￿lOn. Ooard meetlngs I￿ a19) Ywa1￿ attended by the Seni¢y Leadefshlp Team and in Some cases operèUon¥ mènagers. The Di￿￿9￿ ol Ihe Ccfflpany are also Charlty TnJ9ee5 lor the pUr[￿se5 of Charity Law. Under the requirements OF the Memoftndvm and Artictes of Assty)'ation. a &ire¢tor Is derted to serve for a perlod of three years after whith they must be re- elected ar the fie￿ Annual General Meetlng, which nom)ally takes place in November. Trustees may only 5eThe for a maximum ol nine yeèrs or three consecutive terms. The Direclcrf5 are from a variety of professional t*ckgrwTrJ5 relevant lo the of the Company. The traditional trwjsiness and ¥oltsntary se(tor thlts are well represented on the Boaid of Oirectors. To malntain this broad skill mix. rnembers of the 803rO of reLtrys are requtsted to provlde a list of their skills ond In the event of skills belng lost due to revrements or a skills gap being tdeniified, the Company will run a recruitment campalgn ro secure new Directo& sometime5 approachiWJ people directly where there Ls a clear need f¢Y rhEir retevant thlls. The skn'lis base of the 8oard ar￿ Ihe relevance for the need5 of the Company Is under con5tsnt WLWI. All DI1&￿r$ glve Ir￿'r time VI￿nEarity and fecefve no t￿e[Its Irom ihe thadty. Any expen*s redahned from the Chailty are set out in Note 7 to the 8ctyJnts. 12 YMCA Cheshire Limited Strategic Report for the year ended 31 March.2025 Risk MaTragem¢nt YMCA Cheshire L&'mited ha5 reviewed its risk re￿Ing to tnI￿ee5 within the year.seeking the aSgWnce of w trustees. 7Mth speofic wortj'ng expErtise ol opernb.onal risk system5 lo update our on9(*r*J risk frame+vork. ThE aiffl of the framèwork Is lo identify and assess risks as kr a5 its rea50nable. take #eps to miti9ate tF%>se risks véhufNer POSSbbie. and ensure that, a gtitable plan in in place to review and monitor risks on an ongoing b￿$,. For each of the lollowing aws a ilsk assessmenl has been undert4ken lo Ideptify Ibe m4ln 4rea.of ri* wb¢th could affert the organisatton. Gtrvem3n Opefations Flnance and &J51r￿S Environmentsl or External Factots15uth ès public opimn or. rekb"cfflshlp with tunders) The chariivs compliance wilh law or regukib.on YIKA Cheshire Limlleo acknowled9es that the reSpo￿•bilIty for the management and conrrd ol the oroanlution Iles wlib the trustees. It. 5s frw)wever the rwonsibliiies ol the Sen￿1 Management Team to ensure eath department 15 equipped wilh the resources to cary out all the nece55ary ts5ks which can be reviewed by the board ol trust￿ Departmental polioes Pl￿edure are place to identify, asse5S risk, evaluate acb'on iequired and ensure congstent monitorin9 of the rfjk. Oth•r Parties As a feclpient of publ¢c funds. YMCA ￿eShIre knmited rec¢)9'nises the importance'ln its 9¢)vemarKe and monagefflent of wortrJrYJ in partnershlp with local and nats'onal Governmeni departments lo deliver its aims and objtctives.At a I￿1 level, our W•ices are informed by local Strategies for homdvAne55 developed and commi$5ioned by Chethire East c￿n01. Statement of Board Membern, Respomiblllties The members of the Board are requSred by legi5tsbon conomln9 Re9lstered Provid￿S to prepore accounts fw eath finand'Jl year. which ¢Jive a true and fair view of the state ol affèirs of the al the end ol the finar￿al year ond of the wrplu$ ar￿ t¥penses of Ihe Associaiiot) fw ihai peric¢. In weparin9 the accounts approprlate accounting Oloes have ljeen used and aP￿led consi*ently. reasonable. and 'prudent ludgemenLg and estimates habt been made, and the accounts have been P￿pa￿d on a 90ing corKem basis. The members of the Boaid are reSpo￿51ble for maintsinln9 adeouate accouniln9 records, .lor safeguardlng the assets of the Assxiation and for lak5ng reosonabte sieps. (or pievents'ng arbj ddectin9 fra￿1 and other lffeguladtles. The 8oard Members holdin9 office at the dole of thi5 report confirn) that, $0 far.as are eath awa￿, there is no rdevant audit infornmtion of which the Com￿n￿$ auditots are U￿waTe.. and eath member has tsken all the steps tIN4t they ought to have taken os a member 10 make Ihemselves aware of any relevant audt Informayon ar￿ 10 es1ab1￿h that the cgmpany's audit￿ ale awao of that ￿l0{MatIon. Slgned on thelr b•h•ll ol th• m•mb•rs of the BMrd: Adrian Veal•- Ch•lr M•rf( Hill - Chief EXt￿tiVe Officer Date 13 YMCA Cheshire Limited ststement of Corporate Governance and Internal Controls For the Year Ended 31 March 2025 Corporate Go￿em￿nCe "During the peri&l the Boa'rd complied iri all material re¥ects the elen*nts if the code of Govemance bssued by t '￿a￿on￿l Hougng Feoerodon ¢￿t. are rel*ont arml be PfaLY¢ally Impltsithted glven the size and nature of this organisation. Internal Finartcial Control$ Th'e Board ackn￿￿edge Ihelr ulilmate iesports4bility foi ensurln9 that Assoctatim hos in place a syfftm of cortirojs Ihat is apprcyrlate to the varicw bugness environments in whtch it operatts. These controts are de5ioned to give ¢easonable assurance wlth ￿SpeCt to." The ￿l￿bilIty of fithinoal inforrn3bon within the Aswiation or ftr publtcation The rnainienance of pr¢)per accounbng records, and The Safe9￿1￿1n9 of a$5ets agalnst unauih'orised use or dispo*ts¢Jn. It ts'the goord's respèng'billty lo éstsb115h and thaintaln system5 of Intemol nnanoal conlrol. Such systems carb cfflly prowde reayJr)able and ￿)t abgJlLrte assurance a9ainst material finantsal mis-StatemÈnt or10ss. Key elements include ensuring that.. Forn￿1 policies and prKedU￿ are In place. Snduding the doctsmenta￿on of key sy5lerns and wles relating to the tldegabon of authorities, which allow the monilfying of contro15 ond reslrirt Ihe unauthLYi5ed use of the Asw"aDon's Experienced ond suits￿¥ quèllfied #aff t* .re5pongtNlity for Important bugness fiJnCbO￿. Ar￿￿al appraisal proced%irÈs have been estsblishe¢ to malntjin standafds of perfom)ance. Foieca5ts and bvdgets a￿ prepared whid) Jlow the 8oèrd and managen￿r to fflonllor the key business rlstrs and finaraal oblethves, ano prc9re55 towards financial olans set for the short and thE medium ierm.. fegular management coimts are pr￿ared promptty,.prtyidln9 le1￿•￿t, rellable and L41 lo dote flnartlol and Oiher 5nlornation ar#d sS9nificant varfances from budgets a￿ invesbgateo as approprfate. All signifiont new Inlliatjves, Major commitrnents ènd investment proJe(ts are subject to formal aulhoiisalion procedure5, through felelant SLts.commltteos comprisin9 Board members ar￿ others. The Finance and Audit Committee tevlews reports frcrfn the auditQFS lo prf*lde reasonable aSgJra￿e thal confrol prct{COf Irdand- (Uniled ngdom Generalty Accepte(l A(c￿ntIng Praclicel. In our opinlon, the finarKial stslements: Gi¥e J true arn1 fair viebv of the state of the AS￿tIOnS affalrs as It 31 Marth 2025 of Its Inctheaftd expendilwe for the year then ended: Have been properfy prepafed in accortlance wlth United Kin9dom Genwzlly Accepted kcounb.ng fvaaice: and Have been prepared In accordance with the requirements of the Companies Art 2C(J6, the Housiw and Regenefil Act 2008 and the AccounD'n9 D1Trf￿Ofi for Private Re91ste￿O Providers of S¢)nable assurnnce about whether the finanoal ststements as a wwe a￿ free from rnaterial misslaternent, whether due io fraud or eiror, and to Issue an auditor's ieport that iftdudes our oplnkm. Reag)nable atsuiance 15 è hlgh level of awiance. but is not a 9varanlee that an audlt conducte¢l in accordance with ISAS (UK) will alwtys detect material mi55tatement when it exisis. Mismatements can arise from fraud or error arK1 ao conshfjer•J materfal IF, individually or In the aggregate. they could reag)nably be expected t¢1 lftftuentt Ihe economic deCIs￿)n5 o14oers taken on the basls of ftnantial statements. A fvrther descripllon ol our respon*'blllttes ftjr the audlt of the financS81 s1atement515 located w Ihe Fln4nd41 Reportin9 Cwno'l'$ web.site at This dexription forn15 part of our audltor's report. extent to whlth the •udlt w•# coTrsldered capable of detertlng Irregul•rfilu, In¢ludlng fraud 'Our approath to Iden15fy5ng and assessing the risks of malerTral misslaternenl In respect of Irregularities, Including lrnud and non. nipliance with law5 gnd regulatiDn$ viès as follrms: Ihe engagement P3thr e￿￿(e￿ that the engagement team colledively had the appropriaie competen• Capabill￿e$ arKI sk1115 lo ¢dentify or rece4nile nonffir•r'. ,'IiiJlTr . 93 Q)2b Th¢ ffsiilb felètr TAh'ollyt• wft15nulvJ aLtl¥ltl¢s *rtd th¢'notssbn pages 18 to 28 forn1 an Integral"part of these accounts. YMCA Cheshire Llmited ststement of Financlal Position For the Year Ended 31 Marth 2025 At "31.MwTr2S'" Not 31'.fi•r-24 Flxed As%ets Tanglblo fixed as¥ts Cun*nt Assets Trade and oiher dobio Qsb and cash equIva￿ts 3S6,002 19$.910 12" 1,0fj6,240 963,88F Ltss: Cr•dltoYs: lJnouThts falllfvo due wlthll) ¢iie year ij 13(iL0541 Net CuTreAt Assets 681￿1)1 661.8Y4 T¢t*l Awts L¢sfj Curren¢ ikiblllde$ 6.fj53,?97 ,236,5¥. Cnobtois: .AmOUn￿ lalllng (fue after nwe than one year (4 799,624) .(4,707,7811 la54 173. 1. 510 752 R¢s¢r¥•s Income and o*Feidltwe resefvc 1,94.173. .1.521752 Tolal The finan¢ial stat¢ments on pages 18 t• 28 wern apwo¥eO and •uthDrlsed for Is￿e by the.••anl on '...-......,...:.-..... •nd wefe signed on its bqh•llby.' Mr A V•al•- c￿1r te: MrP Mr 14 Ilills. thief ExeJrplus tv year Adystmènts for Items: r￿Pre￿allOn of tttyJOft9 propertlo5' .OeprecloUon of rthèr ¢Jn9ltye fiyeo assets. ..￿I)0rtL9UQn d'&iveinmoni iirant [￿￿/(Ir￿leasQ) In tra¢Je and ottier d¢)t¢yS, IDEre￿Il0e￿ea5el In'.Irade and other,credl¢O 'Iocw5elltiétieasel In'perflon credltor Adjustrnents for'ln¥*rtlrt9 or fin4nrJfi9 •C¥￿tI 'IntÉrest payable J15,42X 298.1 166,220 76.$30 1139.664) (128.000) S,704 (117.827) 117,7S2 (149.119) {159,094) 74,615 (23,634)" 26,293 22.328 'Iltt cash genei?ted'fr(+m operatsrtKI •ctlf44ties. 370 361 Th• not•9 on ￿9•$ 11 to 28 ftimi an Int¥rnl p•rt ol th•w i¢¢ouni&' YMCA Cheshire Limited Notes to th¢ Financial Ststemeiits For the Year Ended 31 March 2025 Legal Statu* YMCA Cr¥hlrt Li￿￿ted Is a pftvate cornpanyl lirfW by guarantee, Is ir￿OrpOrated in Ew12nl and Wale5 under ￿ CoThpanies ¥ 2c￿6 and 15 ro9iStortsl wlth t￿ RL¥ulaiLY of IM4058) as a Pdvaté Ro9lstered Pro￿00r ¢1 S￿1*1 trIw￿ng.. TDe A￿￿1?1100 14 a i•)Isier•J chlrlty. {reglmO ntsmber 1030782). The re9i¥terod offKo15 189 Gresty Road, ¢>owe, c1￿h}re. CW2 6EL) L Prfrtlpal Att•uAting P•lits•$ 8asls of 44tt¢tyntyn9 The financial stsltn*nts been prepared In accordance wlrh appllobie Unlted Kirsgdom GenerallyAuepted_ A(countln9 Prartlce and the Stateft*ffl of A¢¢owmended IYactk¢ for retystere(I howlng p￿￿Èry; Houslrrfj SORP 2018. Thc finanoal stale1￿￿ts cOm￿Y wlth the Houslrty and Regeneratton 2008 ano the Attoun¥ng Dlrecthn ftir Prt¥a¢e Regigtreil PThrfders.of Sxlal Hou*n9 2022. The accounts )0 prepafod on the hlsttyical cost of acrountjng artl are weSent￿ Ih thing £.wldth ts tt* luA¢Uonal curnefiry cf the eniity. These fwhindal slaement htye kni pnyared In compllarKe FRS 102, The Nnanclil Rewdn9 *r￿1rd aptykablt In UK and ReputytC.+Y The Asgxtatlgn m¢eLS tht dthnllJ¢n of a p￿￿1C benofit enlity IpBei. Golng Concern The IruAttS conlder Ihere a￿ no maierf& unCo￿nueS abort (hc'OMdiys ablllty to coritlnué ai 0 90ing concern. Thq trii*es havè • reJsOnat4e expecration tttat the tharlty has adeouat¢ resources ￿ condnue In operaUop41 ￿$(enCe ILV the loreseeatile future. Tre reth of rinancial p)IUoTh. r(%cTh¢s ltyels and luture plans 9fves tFUStees confidence the tharfty ￿maInS a 9olr4 concerri ILY the foreseeable future. Thus the tsustees conyrwje to the golrKJ Concern b4$1s of icc¢uniJng in prepartn9 the nn•nOal 5t*iemeTrts.. Ctitiul Att4untsng Jud9effl¢rtts *nd k•y sourns of estimatlgn 4nc•rtslnty The prewraiion cl the iirtèn¢*al sijiernents re¢ulres rnanaoement to mike judgements, egimates ar￿ assumpuons thbl affe(t t￿ armunts feportea l¢f assets and15atyUUes as at tht Dilance shèet dale and ihe atwunls Yewtod lor ¥ovonues and oxponsos durln9 the Y￿r. TrknLwo*,' Ihe, nature Ofestlmali￿ mean5 Ihot •rty41 ourcoft* could those. e5tlmrtts. Tht fdl¢b¥lw ludgempntsartd esumates hwe hld the m¢)st 9grsificani elfLXt on affiounls fecr3Jnised lry the fina￿101 Slatements. •. T4ln9ibl• flxed Tan9ible Itxed assets arc dewedatod oyer thelr usolul Ilves tskSn9 Into ￿￿Unt I￿aual Values whwe apwwi•ie. Tho aavai lfjV￿ Lrf the asse 4nd re¥Llual valve5 art awssod annu￿ty and may vary dewdln9 on a number ot fart￿. In r*as5esYry asset lfves. f4ct(xs su¢h •sexpthl fulure flnan¢ièi peiformon£e, oCon￿1C ￿0b11￿￿ and maln1ena￿￿ prtyjrarrirries are Ukén In￿ •¢¢ounL ReSId￿l assessments Conshjer Iswes sucr* Js Ivivre m•rk*l ¢ondl¥orfj, the reff4inlng Ille or ihe asqd and prolerted d15pasal value& b. P4ndon •nd other port*mpbymnt b•nefil¥ YMfJ Chtshlre Undtod partlopaiod In a mtsltloM￿0Yer defined benefrt PEnl¢Jn plan for employee5 of Yf+Lis 4D England. ko¥afto arl Wales,. whlth %Yas dosed lo membets ar¥J acuuals M 30 Awll 2C(17.' Due to1ri5rffJd¢nt lThforThtJon the YMC4 ￿￿Tr.5 octuary has advlsod tl4t It Is noi F4ssltye its seyraiely Idefiijfy tho assels and1i4blllUe5 relatln9 to YMCA Chtshlre Umlled Sn noit 9 YMCA Che5hlrè Umlleo has a ¢ontra¢twl oblWvJn to make Fen￿0￿ dendi. paymefis cf ￿,303 tho to April 2017. aCctydino￿ Ihls15 Shown as a liatslity In notes 13 and 13a ITh these attwiit& In addillon, YMCA (tieshtre Umlted Is reoulred to )￿￿9 d&e io ly￿ermIne whe1￿1 U*re Is oriy eèJed¥e ￿Idence that fifi￿da1 ¢if siroui7'c4 Ilnanoal assetsls impalrod. Ir theffj Is oblLXlfve ￿dence of Impalrmenl an Imp¥.rm¢nl Ios5 Is reco9nT*d in pmfitand loss ImrnL¥d1ate￿. O. Impairment ol non.fJnJD¢i41 assets. Revle4M% lor lrnpalrment of hwslng propert*5 a￿ carfed cur %v)en a ts19ger has occutred arid any Impairineni 105$ h)-a Cash gwraYrMJ L% Lxc¥n15eil try a clNirqe to ¥* Ststernent of CampreThensKfe InwrDQ, Impalrmcnt is recoJnW wheo the uryylNJ value of a cash generatir4 Ltr exceeds Il* hlgher ol net realisoblo ¥￿￿e or its vlluo In uso. A cash generailn9 vnrt Is dthned as Ihe ynallesi 9mup of ￿¢1$ that fndependenity generaies cash now and wh05e cash flow Is laryety thder*ndent ofthe (ash generako by ciher assets. The Assc￿e 0'f..vAT..to'the.￿Qfit.1hi1 tt.ls sufftred:ty.'the:As¥di&on.and'not.recqve.rnble.' T•ivJll¥le fix•d ￿ets •nd de(irncl•tl¥ ..FreèPdd'lènd'ls dèpredated. lu￿￿11 Pio'pèrt*$ 'Tanglblè fixeo'.Jssets",aro.statod.'èt ¢i?St.les5'accurriilated depreoa'lon. ili1fft,'ho￿f9 pYoperdes'eomprfse'.tvio"¢Y'mNe'niolo'r,¢6mr•ii￿i$,'￿1lty5Ub￿arlts&141'￿ff¢rtnI.￿serUl.tC0h￿I¢ Iliie5 IUELs).'éach'coth￿hefit L%. .accountea"for sepaiitely.,an6 dep,recJaied.'ow Its InOl¥A¢Juai'.UEL.. Exwdlure.rdaifng,Io'sub5equont ￿p1a(￿nent ￿nE￿Il.￿l.(0fflpQneDts Ss. ,tIty￿14$0d as Incvrred., uÈts r¢ir iathtsfiediC¢mPOrtefirs ère'is'lollThY5:. ..D¢weclaiton:Il.th•ryed'on othcr.'tsn9Iblé.fved'a￿e1s'0Th a,*ral9ht,Iln.o ba415 tr•or(¢ho.expecliti e(OnL￿1C uxful whlthare.as folli*¥s": .ShortvtérihdeMov* and"eYedlttts', Oebtors'"'an(i credltfKS'%ylih stated lriterest'r7le'°,or*l-recdvabie'.w.'iiayablo',knin,'orie.year.are rectrdèd'at vansaajori'prlcè. kny. losse5 wlg'n9 'IrOrn'lmpairri*ni.ia￿:teCogry)$¢O.,Ift !he'.Sta*rnent d.'Compreh'En51¥c'ilncome In oiPI'èr cixrntlrwj expew.. 'OpeAtirig leases ieèsè,pa.ym•i.ts )re ro¢6J'its¢O"a5".ah.￿Itr4.Q. o¥er tiié.'IEasé',.tyth.'Oh i:*1•19h"t Ilrfse't￿￿￿.Tr.e-.1g.g.Ie9al￿,be.nQfit'rf lolse:InceAUves.ls cwnlsed as'a reduttiw"tci.exi)ens¢'ovw.ihe'.lea5e.temi..on".a sira￿h1 Ilne bas1>. YMCA Cheshlre Limited Notes to the F•nan¢lal Statements For the y.ear Ended 31 March 2025 Prffidp41 j£aJun￿n9.￿lI(ll5 (￿ntInUed) Retiremert Benefits The cost ¢f pro￿ding rellreft*fil pwffjions and related bonenLS lsthar9ed tg, mana9etnent ￿￿OnIeS0Ver ihe peflr*ts benellUMJ fmm.I em9loyees' 5eNtes. Financial Instruments Flnafidal assets and fifiandal Iiablli1*5 afe mpa5urod at traASiUorb pllce Inltlally. pl￿, In the usè ol a n￿nd￿l asset'or flnandal IL4blllLy Mtal far value throu91 gTofit or los% transaatOTh COAS that a￿ dlreaty attrfbutable to x4ulsJtion or Lssue of fv nnandal a55rf ty fiiianoal Ikitylity, Oebt instrumens that meet the lond￿￿S In paragraph lJ.8ibl of FR5.102 aro measured at.arnortJ'sed Ost ulrrfj the effe£Uve Inierest melhfyj. ex¢•pi wnwe the attar￿nt conwwies J fir4ndrvJ tfjnsathon. In th15 rase the debt Instru￿￿[1$ ftw¥r¢d at iho present ￿l￿e of the fuN4r¢ payinenu% dlswunted 4t • rate ol lrterest fty i.5SthlL4'1 dobl. Impaim*nt of fimandal A*ets Rnonclal IrtsiNments ar¢ fw lrnpalrfj￿t Ind￿¢￿ally. Foi on In*nthnent Measured at'so¥ less Im￿mInI. the Imp•.Im*Nt1oss Isth• dirrerooce beThveen the assei's unyin9 amount ibe beg estsnIè￿ oftho èmunt.thal the enuty for ass￿ Ir It'wrre ttt" te solo ai the dilo. Turnover, Cost ol sBle5, Operattr4 expenditu￿ and Operntin9 surplu# 2025 Oporabr Qpentlng surplwl (dekit) •¥er lurn Social housln9 lettln•s {n¢te Ja) 3,171777 (2.84lS40) .'430,2J7 &ldl¥ities otherthan 50ci•I housing (note 3b) 410,091 (93,J89) Total 020 2024 Operaung exw¢ OperaUIwJ Soclal ho￿51￿4 leffiftgs (note 3a) 2.186,023 (1.909.7J7j '276.306 Artl¥ltles •ther th•A s•¢ial thou*rrtJ (note 3b) 386,932 1437.177}. Total YMCA Cheshlre Limited Notes to the Flna*'dal Statements For the Year Ended 31 March 2025 "3(4')."Turn•¥*r3nd operatln9 Qxpendltu Supporteil Total 2025 T?tsl 2024 Intoffle Rent Ttt¢ivable'oel ol Id&7¥fia￿ sorte chatyes ar￿ net elvolds SOM￿ thapaes. Amorfged g￿tIn￿•￿t gonrs Other I￿1)me from Sc'gn Sodal •k•uslNJ Lettln•s Void Irrases (belvj fftnl'al irfome I￿lt of p¥oMrty ￿ belng IOL aQhou9h aV•ilible lor I*Un9} J(ts). Yuthwerflrom athltles other than sod•l hDusln• 2025 2024 TRINNJ ènd engagement. Chlldm an.d fomlty solvlce5 Youth v40rk Commvnlty'fvndral4TrJ Café shop arKJ oiilirt Pr¢poty mathtenafice Room hlrt Other 39,712 75.166 14,428 24,015 91,61J 132,979 32,178 47,037 103.482 107,617 92.992 25,B60 9,944 410 091 ￿932 ActrJrnffl•d*lon ¢wm*i, mana9ed •nd in de¥elopmert 202$ 2024 Under man•gement •t year end 102 86 Interest payable and fjmnd￿<0￿S Z025 2024 On loans ••ble v¢lthtor partty fepaYa￿ In ffl0￿ thoTh fve ye4rs. 26,293 Zl328 Svry41us on ordln3ry actfvllles The operaung surp1￿15 Ststed after cMrglWlnk Loarf Ouè lri'the Year 766.978 14.1861 1365.1501 f56.740) 12191 5,426 710,?38 (4.405) 1359,724) 16. ShJr• C•pitsi YMCA Cheshlre Umrtd, wthkh does r*ot ha¥e a s￿le Ca￿7. 19 Umlied ty Gwaniee, whtyety mernbers contslbute up io a cl £1 each Str￿111￿ there m.a aeflclén'cyfin wlr*Jlnth up. ' 17..Operntlng l•as YMCA CheShI￿.urnlted lease hosLdn9 unlts Jfid LI￿pmen[ t￿m￿cancelIabl￿0pern￿n9 leasos. At the •)d of the ￿r Ihe YMCA e*thlre ￿n￿red had cfrnrthents oftotsl futu￿ msnlrrym'leose pa￿ts as follDWS: 2025 X124 Noi lalw than one year Laier.than Me year and not iarer thaa fNe yoars 70,061 82,OYO 4,416 8,?18 l& Grnrt •nd Ilfi•nd•l 202$ 2024 Yhe total acoJrnul•ied goyemmeril grant Ind fln•￿il.1￿Ianct ai Ji Math.. Helo as deferrtd grant . ho￿.￿9 Refognlsed as Inconie In the Sta"temenl ol C0mprehe¢u￿e Incorw. hr*ATh9 fte¢¢gnised as 5ncome In the *rement of Comprehentye Incorr*-'other 4,59X,403 1,659,156 147,482 4,43S.40J J,659,156 25,615 19. C•pbl'Cwnmltments 2D25 2024 C4plW that has t¢ef* ￿Lro(led for buÈ hès not irten Pr￿ fèr ln the fiDonclal statemen Cap￿1 exwM1iture Ihai teen approN*d by ￿ 8oard has nrt yrt bLYn convaaeo for 20. Rel•ted Trafisattlons Ourfng the yeai, YMCA Ch¢shlre'L5miied leased Oc¢th Hall from Apollo thKkln9him He•nh knces C4mpts5 L￿. The total ienl urnyoi thls arraftgeffont amourted'to £178,41512024.. £nll). Dr A￿rts *la￿.tt* Chlef Exectrtlve OffKei ol w.lo &Jdtlngh•m Hell￿ C4rripus Lid, Is also a Trt￿ d YMCAChethre Llmlied. Thè lease arraryfftrit was con511ered approvod by the BDard ofTn￿tees. and the dectslon was ft￿de In Ilne I￿1h the chadvs confll(t of Intcre5t Oky. Tre tnnsactlon was ¢arAod out M rKrntal cOmmLY¢lal iem) Apart from the abtr4e, rbo other reweil. party Irar6a"th6r6 ￿￿Ul￿n9 dlsd05urc urthr the Charfues SORP (FRS IOZI and the Mouslng 9)RPIts* Id¢nVflod duilThJ thoyoèr. No remuncralloh was'patd io any trustee far"seDAces as a tw 28