CITY OF BIIADFORD Y.M.CA ANNUAL REPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 C*)mpany R•glstrntloTh No. 0299S811 (England and Wales) Charfty Reglstratlon No. 1045373 •ABJ58rxx)' 2PJ1W2022 COMPANIES HOUSE A16
CITY OF BRADFORD Y.M.C.A. LEGAL AND ADMINISTRATIVE INFORMATION Trusteei Pastor J Adereti K4r5 C J E Muri• Mrs K J Smith IAr R G Clark Socrttsry Mrs LAshworth Chair Person Mr R G Clark Charity number 1045373 Company number 02995811 Prlncipal address Cullure Fusion Buikling 125 Thornton Road Bradford West Yorkshire BD12EP Register•d offi Cuhure Fusion Buikling 125 Thcmton Road Bradfwd West Ythshire 8D1 2EP Audltor Champion Acntlts LLP 1 Wcwsley Court High Street Worsley Manchester M28 3NJ Bankers Unty Tmst Bank pk Nine 8rindley Place Bimilngham 812HB
CITY OF BRADFORD Y.M.CA. CONTENTS Pag• Trustees, report statem8nt of trustees. Teswn5rbilitie5 Independent audilorfs report Statement of fmancial activit 10 Balanc8 sheet 11 ststement of cash tTh)ws 12 Notes to th6 financ4al slatements 13-25
CITY OF BRADFORD Y.M.C.A. TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 31 AIARCH 2022 The tn151ee5 present their 8nnu8J report and financial ststements the year ended 31 March 2022. The accounts have been prepared in accordance 1h the accounting polKies set out in note 1 lo the accounts and comply wth the ¢harity's MerrK)randum and Arb"des of Association. the Companies Act 2006 and "ACcting and Reporting by Charities.. Statement of Recommended PradKe applicable to chariti'es preparing their accounts in acrdanCe with the Financial Rerting Standard applicab in the UK and Republic of Ireland IFRS 1021. las amended for ac(x)unb"ng periods commenurg frcffi 1 January 20161 ObJe¢tlves and a¢tlvltl¢s The charity is part ol a worfdwide, indusrve Christian movetrt which starwjs fw. Awoddwsje fellowship based on the equal value of all peonS. Respect and freedom for all. Tolerance and understanding befvleen peOe of drfterent opInns. Active concem for the needs of the mMunIty. and a united effort by Christians of different traditions. Th8 charity works with pewe of other rehgious faiths and Iho$8 of none to tranSfM communities so that all young people con truly belong. contribute aThJ thrive. Our mission is to help children and young people live happier. more ftjffilled arKI successful lives. w)rking vthh them and partners to improve inclusion and coheslon across our home aty of Bradford. Stratsgic Objectives The organisation is continuing lo work towards the fve-year Stralegi¢ ObJeth"ves set 2015.. Increasing our Impact - making sure that year on year we will change and enhance ffKire lives a focus on young people ExtendiThJ our InfluerKe - Ens9 we have an influen over our future as an organi&ation and the seNce tyjr coMnitieS receive. . Working Together 8etter. lo tcoMe the most effective Organisatl we tan be. Sustsinability- veating a solid rAW81 foundat¥M that will support Ihe fulure devewnent and gfovrth of the organisation. Publlc B9n&flt '. In plannirKJ actiwbes lo meet the aims an¢J mission of the charity. the Directors have giv8n carefvl consideration to the Charity Commission's general guhlance on Public BenefiL The charivs primary purpose is lo provide semces. support and activities lo chiklren and young people, and especially to those who a most in need. This contributes both diredy and indirectty to the public g¢)od. improving the wellboing and prospects of the young people themselves. while benefiting the wider communib.es as young Peop become more active citizens and themselves (xjntribute to lrfe. The advities undertaken in order lo achieve this Ind.. Provi¢Jing edu¢ation and training opprytunib"es. suth as personal development and life•skills programmes leading lo f(ymal acCdIt)n. These a particulady targeted at those not in employment. education or training. Hdping young people to parhapate fully in their comMunes. for example throu volunteering activity and Projects which improve the local environment. Helping young peOe to avohl expkjilation arKI u1[r. by engaging those in positive. socially inclusive activities and building confidenc* and S111enCe. Offering informal and OLrtdoor leaming OPkYJrtunths - suth as thg wikllrfe aNI oJn5ervaknn activity Maged through our BEES enwmnmental prOgrme.
CITY OF BRADFORD Y.M.C.A. TRUSTEES, REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2022 Achievements and pgrfomiance The past 12 months have conts.nued to present challenge5 assoaated the pandernK. adapting lo new working practices. arKI the govemments timètsble for exiting coronavirus restri¢tions. indLiding fudough and busin•ss supwrt. whilst ensur9 we are still meeting the reds of those we support. Throughout the financial year, all pmwsion was impacted in some way by Covi&19 restrictions. induding periods of lockdowns and business cloSuS as well as limits on soaal gathering which impacted our ability lo serve our comrnunity. Our continued focJJs throughout this pericmj was lo rernain finanaalty wable lo meet the needs of the children, young people, families arKI communities we serye. resp<)nd¥ to the n8ed$ of some of Ihe most vulnerable v4hilst operaliro as safely as possible. Children, Young People and Famili•s Programme$ eominued to be delivered in line with Covid-19 guidance. This mainly involved one2one SUFfQrt and we employed a number of creatTve approathes to 8ngage with youNJ people in the community. For cNJr Trusted RelatshIpS and Intensive Youth Suppryt Programmes we were 8ble lo deliver th& majority of our one2one support la to face, which wa5 the preference of the young people we worke(1 with. We provided intensive supw)rt for 110 young peOe aged 6 - 17. with support ran9irrfJ from 3 10 6 months each. In Awil 2021 we launched a new Family Aide seNi¢e. delNered partnership throuyh a VCS consortium and ¢ornmissioneiJ by Bradford Coun¢il. The seNce provmles 'hands on support, to families to complete targeted pieces of Work. within a 12 week peric#J. This ranged from support with behaviour and roLtlines. earty years or school attendance to unsuitabfe housing. From July 2021 to Marth 2022. we SUppC 53 families induding 124 chikjren. Youth Programmes This year saw the laurKh of two new mentoring prc4ramme5: Ys Gids - part of a new nati(1 Ys Girfs Mentoring programm. The programm8 recruits. trains and supp¢)rts a team of volunteer mentors lover 18.sl to suPrt and pVent vulnerable young gids19- 141 from devebping mild to moderate mental health drfficunies. by engaging them in a range of posrtNe youth 8CtMlies and one2one mentoring. The progranwne suppryts 25 vdunteer mentors KI 25 mentees. Changing Futures Peer Mentofing- fvnded through the Cwerative foundalion Error in formula->#wjll<_ school transil*)ns fund. Transition support helps young pe support each other with the move from primary to secondary Scho through a Peer Mentoring model wilhin schools and communrty settings. We delivgr Peer Mentoring through supporb.ng arKI training Yojng Mèntal Health Champions who deliver workshops and support in a variety of education and cMimunity settings. In our first year of Changing Futtjres, we dI¢ty engages 46 young people to Peer MentoriThJ. 1654 yourrfj people going through primary to secondary school transrtion bènefitted from social actKJn initiatives delivered by Peer Mentors suth as assemblies. workshops and Tea Talks. Our Holiday Activity Fund {HAF} schwne wa5 delivered in o small group format over the summer holi¢Jay and provided positive acbvib.es for 18 young people alongside healthy food lo help prepare young peoplo for the retum to education in September 2021. In addition to this we supported 3 young people Ihrwgh the Wstart Programme offerirvJ a 6 month wL¥k placernenl across three of our areas.
CITY OF BRADFORD Y.M.C.A. TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 Bradlord EThvlronmental Edu¢allon Serth (BEES) In line with the govemments roadmap to ending restrictions. continued to deliver our oul¢Joor conservation prografflme work and outdoor education in line wth available guidance. During this year we delivered 57 o)nservation volunteer days supported by over 1(Kl volunteers. With support from the Eme5t Cwk Trust we employ an outdo Leaming Officer and have bgen able to gxpand our 8nvironmontal education work. This year we ran 30 environmental education sessions supportirg over 750 young people in local sthools. college and community grwps. In Autumn 2021 we held our 21st AFple day celebrati¢)n at our Ctynrrthty ffthard. It was great lo be able to welcome the community back and to enjoy a belated 20th anniversary celebration we hadn't been able to hokj the prevtous year. Tree fof Every Chikl F)roJect- In partrlership wrth Te5 CitEs, Bradford City Council arKI The Queen's Green Canopy planted over 5,000 trees as part of the Tree for Every Child proiKt. The projecL which launched last November, is a pledge to plant 55.000 trees across the district over the next iwo years - the equivalent lo one tree fcf every Primary school child. YMCA Culture Fuslon As a mulli partner buildry operaling across MmunIty. health and education sectors. we have followed the relevant guidance a¢ross mLEltiple sectors to enable support programm8s to be delivered. induding using spaces previously i(lenlrfied for income generatKJn activitses such as extemal room f addtti.onal space lor building partners. to facilitate social distsntyng and maintsin Covid securo guiddings. We continued to utiltse grants where available to replace lost income and Inased running costs as a Tesult of the pandemi¢. A pilot d81iv8red by Bradford NhtsIOp vcAunteers began during thts year ulilising the vacant hoslel a)m)datIOn al YMCA Culture FLtsion. Through the pikjt s¢heme. home$$ young people a pVented from rough sleeping until their longer lemi solutin is resolved. One night at a time. they are offered a place ol safety 81 cultu Fusion with an enyjile rc)m of thr vwn. meals and basic e55ential Supplies, alongside support to their next slep. Flnan¢lal revlew The results for the year show a deficit of £61,273 12021-surplus £126.2931 before pensi sLtsme obligation movements. The is a Surplus on Ihe defined beneffit Pension scheme oblNJation of £39,900 12021: deficit £20,022) and the net defiat movement in funds of É21.373 12021.. surplus £106.271) has been dgdLt¢led from the balances brought lopward. Totsl funds of £5.526,540 {2021'. £5.547.913} have been carried forward to next year. These Comprise unreslricled funds of £5.236.41612021= £434.9731 and restricted funds of £4.990.124 {2021.' £5,112,940). The trustees have cLJnsidered the ongoing effects of the pandemFc on Ihe charitys financial posttion. They have tsken advantsge of all relevant govemmenl grants during the year and continue lo source new funding. They have started thg ngw financial year in a better positK)n than last. due to ¢arefvl managenwnl of funds. Whilst there are still some uncertainb.es around rising energy costs and infiationary pressures. dose monitoring of expenditure through the provision of up to date mana9ement informalion. enables them lo be u>nfiOent that the charity can continue lo operate as a wng cOnM. It is the policy of the charity that UnreStrted funds which have not been designaled for a speufic use should be maintained at a level equivalent lo at least three rTh)nlh's budgeted salary expènditure which amounts to £65.000. The trustees considers that resee$ at thÉs level will ensure tha( in the event of a significant drop in funding, they will be able to continue the ¢harity's ¢uwl a¢t¥vitie5 whije cffisideralir)n is given lo ways in which additional fun¢Js may be raised. This level of r1VeS has been maintainei1 throughout the year. A restricted reserye has been cr&ed for the express purpose of wmpensating the depreuation on the Culture Fusion building. the cost of which is shown as a Long Leasehokl Improvement. The directOTS consTrder that the figures stsled in these aounts we nol Unreas(abIe. The Culture FUS]n propety is bèing depreciated over a 50 year peri(xl.
CITY OF BRADFORD Y.M.C.A. TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The YMCA has undertaken an ethical stsnr on Ihe type 0flnvestrnts fhat are held. The Board has in place a risk managemenl procass to assess business risks and implement risk managemenl strategies. This involves identi.n9 the types of risks the charity faces. PrI$1n9 them in temis of potential impad and likelihlxxl of o¢curren¢8. and idenbfying means of managing the rK8ks. The principle risks and uncertainties are loss of reguLir lunding from benefKiary bodies arKI organisalirms. As a governance issue, a dedine in Confiden in being able lo provide expected levels of service by partners would present an identifiable risk. This is counteracled by Ihe PfOVi5ion of regu18r rewews of income and ftjnding including dialogue wrfh bengfficiary bodies on an ongoing basis. Such ongoing dialogue is also used to highlight any potential problems programmes at an operational level and thereby attempt to minimise the risk of competition from sirnilar local organisats.ons to run exislirvJ programrnes. Operations are sourced %wlhoul bank overdraft and loan facilitS and thereby elirr¥nab"rrfJ a targe area of fThncial risk. oth•r Policies The Cty of Bradftrd YMCA has IMmented a nlfflr of detsiled pI¢le$ in lation to perSOnr and other matters. These include Equal Opportunities and Diversity. Health & Safety, Safeguarding Children & Young People and has recenuy undertaken a Section 11 Safeguarding Sell-Assessment. Full details of these and other policies are available al the charivs registered office. Goveman¢e Costs Governanee costs are the $ts associated with the govemance arrangements ofthe Charity which late to Ihe general running ol the Charity as opwsed to those costs asscrialed wrth lundraigng or charitsble activity. Included within this category are ¢))sts assc(4ated wth th& strategK as ¢)pposed to the day40• management of the Charity's activities. Delails of the actual govemance costs incurred e ndudèd in Not& 8 to th8 acc¢)unts. Plans for the future Our development strategy Put in place lo the pandemic rerrInS relative to our awns LThiing out of the pan¢Jemic. YMCA Bradlord aims to:. ctinUe to devtrlop our Children. ywng peoplè and family proJrammes in response to emergirvJ needs of the pandemic. ensuring that the YMCA Mission MaInS 81 Ihe forefront of our wrk. Implement a funding strategy to support our orgoing Youth Pr(YJrammes. Develop cmjr BEES Enwronmental programmes including exploring opportunities lo utilise ovtdoor green spaces for the benerrt of emol*)nal heatth and wellkning induding loneliness and Sla1 isolation. Review the business model of YMCA Cutture Fusion considering long tgmi consum8r behaviours relats.ng to offKe use and meeb.ng spaces. Explo capital impfovgments to our premrses WKI company vehide to reduce ongcing runniThJ costs and improve our envimnmental impact. Develop new partnerships and OPF4)rtunilies to fvrther the work of the YMCA. The Board recognise the challenges of the last 12 months operating in a very thallenging environment. With support from the govemment and charitsble grant$. the YMCA has been able lo rn1.gate lost income from trading activities and secured short leryn funds lo assist our Covid response work in the community. There is still further work to be done in Trlation to the long term impact the pandemic wll have on our bUnesS model, however, our development strategy put in place prior to the pandemi¢ remains relevant to our aims coming out of the pandemic. It is the Boards belief that ¢Jue to Ihe #CnS taken aJor¥J with its financial reserves. the Charity remains a going con¢em.
CITY OF BRADFORD Y.M.C.A. TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 Structurè. go¥•man and mano9om•nt Cty of Bradford YMCAwas founded on 1 June 1857 and was incorFO)rated by guarantee on 29 November 1994. It has no share capital and is a registered charity. The goveming document is the Memorandum and Articles of Association of the company and members of the Board ofTru5tee5 are Directors of the company. The guarantee of each member is limited to £1. ty of Bra(fford YMCA is an independent as50cialion bul is linked lo th8 YMCA Movement in England by means of affiliation. The ixjsiness of the charity 15 govemed by the Board of Directors Wh comprises a maximum of 15 people. who together a sponSible for Ihe strategic direction and oveTsMJht of the rnanagemenl of all the affairs of the Charity. The trustees. vtho are also the ditorS for the purpose of company law. and who served durmg the year and up to the date of Signatu of the financial slaterw)ts were: Pastor J Adereb. MtsCJEMurie Mrs K J Smith Mr R G Clark The reuuitrnent arnj appointst of new directots is led by the Board of Dirtttors. which identffies the skills. experience and knowledge requtre(J from new directors by considering the collective skill profile of the current Board. Pot8ntial CandateS ar& racommènded for consideration by Board directors and appointed by resolution al a meeting of the Board. Upon appointment each direclor Sn$ a code of condLKt and completes a register of intefe515. New directors are given an inducb.on padt whth includes Ihe chariVs governing document as well as rdgvant stiat8gic and opèrational documents. Through a meeb'rrtJ wth the Chair and Senior Manager they are briefed on their responsits'lities and obligations and provided relevant Charity Commi$ston guidance and documentation. The board meets at least fLNJr times a year ar delegate the day to day mawement of the Cty of Bradford YMCA to the CEO. The delegation of finanual authority lo the senior slaff. wilh speafied limits imposed within wriiten s¢hemg of ddegatson, continues as before. Central Support services such as Bu5iress Development, Management Accounts. Finance. HR and Health and Safety a delNered through a SeT¥ice Level Agreement wilh Fylde Coast YMCAwhich the Board rewews annualty. The directors a satisfied that appropfiate protectn. system5 and checks remain in place in order lo mitigate exposure lo major risk, with the risks to which the charity Is exposed being reviewed on an ongoing basis. Auditor In accordance with the company's artides. a resolution proposing thai Champh)n Aco)untant5 LLP be reappointed as audilof of the company wll be put al a Generdl Meebng. Di$¢losuro of infomialion to audtt¢+r Each of the tnjstees has confirmed that theTe is no infomulion of whith they are aware whK is relevant to the audit, but ol which the audilor is unaware. They have fijrther COnfird that they have taken appropriate steps to identify such relevant infcxmats.on and to estsblish Ihal the ditOr is aware of such infomiatth. The trustges. report was approved by the Bod of Trustees. QGcLa. Mr R G Clark Trustee Dated. .J3.: 12: 2022
CITY OF BRADFORD Y.M.C.A. STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2022 The Iru51ees, are also the directors of City ol Bradford Y.M.C.A. for the purpose of cornpany law, are responsible for preparing the TfUStees' Report and the financial statements in accordance with appIlble law and United K#igdom Acc4)unling Standards {Uniled Kil) GenerdlWAc¢eptod Accounting Practi1. Company Law requires the trustees to prepare ffinarrial statements for each financial year give a Irue and fair view of the stsle of affai of the charity and of the incoming sOurceS and apicatI)n of $OUrCes. induding the income and expenditure, of Ihe charitae company for that year. In preparing these finanaal statements, the trustees are required to: - select $uitsble accounts"rKJ w)liues and then apply them consi8tenty.' - observe the methods and principle5 in the Charitses SORP,. - make jLMJgements and estimates that are re8sonable tKudent: $lato whether appliCat UK A¢countirvJ Standards have been followed, subjed to any material departures disdosed and explained in the fmancial statements,. and - prepare the ffinan¢ial ststements on the going c(Nwn basis unless it is inappropriate to presume that the charity will continue in oFeralion. The trustees are responsible for keeping adequate accountiry records that disdose reasonable accuracy at any time the financial wsibon of the charity and enable them to ensur• that the financial statements comply with th Companies Act 2006. Thèy arn also rèsponsie for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention arKI detection of fraud and other irwularits.
CITY OF BRADFORD Y.M.C.A. INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CITY OF BRADFORDY.M.C.A. Oplnlon We have audited Ihè financ4al statements of City of Bradlord Y.M.C.A. (the 'charity'l for the year ended 31 March 2022 which comprise the ststement of finanaal ath"vib"e5. the balan sheet, the statement of cash )lows and notes to the financial statements, induding signtfi¢ant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kirydom AccountsrrfJ Standards. induding Financial Repoting Slandard 102 The Financial Repothng Standard applKable the UK and RepublK off Ireland {United Kingdom GenerallyAccepted Accounting Practice). In our opinion. the financial slements: give a true and fair view of the state of th8 charilable compan$ affairs as al 31 March 2022 and of its incomirvj resources and applicaticffl of resources. induding its incorrvè and expendilure. for th8 year then ended., have been property prepared in accordance wth United lQrydom Generalty Accepted Accounting Practice.. and have been prepared in aecordance with the requirements ofthe Companies Act 2006. Basis for opinion We conducted our audit in accordance wilh Intemalional Standards on Auditing (UK} (ISAS IUKI) and applicable law. Our responsibilities urKler those standards are fvrther described in the Auditorfs tssponsNbilibes for thè audit of the fin8ncial s18tements section of our report. We are independent of the charity in accordance with the ethical requirements that afe leVant to our audrt of the finanual statements in the UK. induding the FRC'S Ethical Stsndard, and we hav8 fvlIed our other ethi(al responsibilities in acrdance with these requirements. We believe that the audit evidence we have obtained is sufficignl and appropriate to provKle a basts for our OniOn. - Conclusions relating to going concofn In auditing the financial statements. we have ¢dUded that the twstees. use of the going concem basis of acccwjnling in the preparation of the financial slatements is appropriate. Based on the work we have performed. we have not 1den1rfd any material uncertainb.es relating to events or ¢ondilions that, individually or colledivety. may cast sKJnifi¢ant doubl on the charity'5 abiltty to continue as a going concem for a peri11 of at bast efve months from tthen the finanoal statements a authorised for issue. responsibile$ and the resFonsibilities of Ihe trustees res to going concem are described In the relevant sections of this report. Other Inforniati¢)n The other infom)ation comprises the infom)ation indudad in th8 annual rewrt othèr Ihan the financial ststements and our auditorfs report thereon. The trustees are responsible for the other inforn)ation contained wthin the annu81 report. OUT opinion on the financhil statements does not cover the other information and. except to the exlent otherwise expliciuy stated in our repKwt, we do not express any form of assurance ojnclusion thereon. Our responsibility is lo read the other infomali(x) and. in doing so. nsider whether the other information is materially innsistent wth Ihe financial ststements or our knoedge obtsined in th¢ r$8 of the audiL Of otherwise appears to b¢ materially misstated. If we identify such material InnsIsten¢1es or apparent material misstalemenls. we are required to detemiine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perforrned, we ccfficlude Ihat there is a material mi95talemenl of this other infom)ation. we are required lo report th81 fact. We have nolhwvj lo report in thls regard. Oplnions on o¢h•r mattèrs prnscrlb•d by th8 Companles A¢t 2006 In our opinion. based on the work LbfKlertaken in the course of c¥Jr audit: the information given in the truslees. report for the financial year which the finanoal ststements are prepared, which includes the directors, reFMYt prepared fty Ihe purpose5 of company W. is ¢onsislenl with the financial statements- and the directors, report induded thIn the trustees. rermxl ha5 been prepared in accordance with applicable legal requirements.
CITY OF BRADFORD Y.M.C.A. INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CITY OF BRADFORD Y.M.CA. Matters on whlch we are requlred to report by exceptlon In the light of the krvIedge and understsnding of tt)e charity and its environment obtained in the course of the audit. we have not Iden'fled materi misstatements in the direclors, rewxl induded within the tru5tees' report. We have nothing lo report in resp8Ct of the frAlowng matters in relation to ¥thich Ihe Companigs Act 20C6 requlres us to rep(vl lo you rf. in our Lwinion.. adequate accounting records have not been kept. or reiums adequate fc our audit have not been reeeived from branche5 not visited by us: or the financial statement$ are not in agreement with the accountiry records and retums" or certain disdosure5 01 trustees, remunerab.on specified by law are ry)t made., or we have not recèived all the infomiation and explanatM)ns we r8quirè for our audit.. or the trustees were Th)1 entiued to prepare the financial slalements in accordance wth the small companies regime arKI take advantage of the small companies, exempty.ons in prewing the trustees, report and from the requirement to ppare a slrategi¢ port. Resp¢nslbllllle$ of trust•es As explained more fully in the statement of trustees, re5ponsibilibes. the trustee5, who are also the directors of the charity for the purpose of company law, a responsible fcw the preParatn of Ihe financial ststemènts and for being satisfied that they giv8 a true and fair view. and for such intemal control as the trustees delemiine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the finanu81 statements. the trustees are resFon5ible for assessin9 the charity's ability to continue as a going nCern, disdosing, as ap1¢able. matters related lo going concem and using the going conrm basis of accounting unless the trustees either intend to liquidale the charita¢ wnpany or to cease operations. or have no realistic altemative but lo do so. AuditoV$ mponsibilitie$ l¢r the audlt ot the finan¢lal statements Our objeth'ves are to obtain reasonable assurance atKul whether the fmanc¥al ststements as a whole are free from material misstatement. whether due lo fraud or error. and to issue an auditorfs report that indudes our opinion. Reasonable assurance is a high level of assurance but 15 not a guardntee that an audrt ¢orKlu¢ted in a¢¢ordan¢e wilh ISAS {UKI will aayS detect a material mtsstatement when it exists. Misstatements can arise from Iraud or error and are considered material if. individually or in the aggregate. they could a$ablY be expected to influence the economic decisions of users taken on the basis of these finanaal statements. The extent lo which our procedures are capable of detectirg irregularities. including fraud. is detaikd bel¢Jrt. As part of our planning prgces5'. we enquiled of managwnent the systgm$ and controls the f3yrwny ha5 in placE, the areas of the financial statements that are mostly susceptible to the risk of irreguL4ritTres and fraud, and whether the was any known. suspected or alleged fraud. Management did not inforni us of any known, or alleged fraud. - We obtained an understarKling of the legal and regulatory frameworks applicable to the Company. We determined that the following were m051 ielevani Charities SORP FRS 102. and the Companies Ad 2006. - We c0nsi¢Jed the incents.ves an¢J opwrtUn.8s that exist in the cijmpany, induding the exient of management bias, which presenl a wtential irregularilies WKI fraud to be perpetrated. and laiknred our risk assessment ardInglY. - Using our knowledge of the company. tcgether vlith the discusgons held %wth management al the p18nning stsge. we fomied a conclusion on the risk of misstatement due to irregularit*s induding fraud. and tailored rAr pro¢8dure3 according to this risk assessment.
CITY OF BRADFORD Y.M.C.A. INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF CITY OF BRADFORD Y.M.C.A. The key pr¢Jcedufes we undertook to detect irffjgularilies K1J1n9 fraud dwing th? course of the 8udit included.. - IdenlifyiNJ and testing y)umal entries in the overall accounting records. in particular Ihose thal were Snificant and unusual. Reviewing the financial statement disdosures and determOr9 whether accountiThJ policies have been appropriately applied. Reviewing and challenging the assumptK)ns and judgements used by man&)omont in their snificant accounts'ng estimates, in particular in rdatK)n to investsnent property valuab"ons. - Assessing the extent of compliance vAth the relevant laws and regulatson$. - Testing key revenue streams. in particular grant income. for evidence of management bias. - Obtaininy third party confirmation of material bank balances. - Documentsng and venfying all signth(rt Telaied party baances and transactions. There are inherent limitsti¢)ns in our procedu described above. The YM)re renh)ved that laws and regulations are from financial transadions. the less likely it is Ihal we would bewme awa of non-compliance. Auditing standards also limit the audit procedures required to identify non•complianc8 with laws and regulations lo enquiry of the dirertors and other management, and the inspeth'on of regulatory and legal coSpondenCe. Material misstatèments that arise due to fraud can b& h8rdef to ¢Jete¢t than those that arise from error a5 they may involve deliberate concealmenl or wllusion. A fvrther description of our restK)nsibiIrtS is available on thg Finanoal Reporting Counthfs website al: htlps:11 wvA¥.frc.org.ukJauditorsresponsibilities. This description fOS part of our auditorfs reporL . Use ¢f our'foport Thi5 report is made solety to the t*arit8ble COMw membets. as a body. in accordan with Chapter 3 of Part 16 of the CompaniesAct 2006. Our au¢Jit work has been undertaken so Ihal we mKJht stste lo the charitable companrfs membars those matters we are required to stste to them in an auditorfs rewrt and for no olher purpose. To the fullesl exlenl permitted by law. we do not accept or assume responsibility to anyone other than the charbtable cornpany and the tharitable company's members as a body. for our audit work. for this repoiL or for the Op1rOn$ we have formed. Deborah Thorn FCA (Senior Statutory Auditor) for and on bèhalf of Champion A¢¢ountants LLP r)0 a oaa Chartered Ae¢ountants Statutory Auditor 1 Worsley Court Hh Street Worsley Manchester M28 3NJ
CITY OF BRADFORD Y.M.C.A. STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unr•$tri¢ted Restricted funds funds 2022 2022 Total Unr•stricted R•$tric fvnds funds 2021 2021 Totsl 2022 2021 Notes Income and endowments from: Donations and legacies Charitable activils Invfrslmenls Other incomè 10,560 50.330 130,272 10.560 501,421 130.272 48.806 65.000 147.294 25.771 370.815 435.815 147.294 25.771 451.091 T¢)tal Income 239.065 370.815 609.880 239,968 451.091 691,059 endlture on: Charitable acbvities 176.597 493.631 670.228 87.431 480.335 567,766 Nel gainslllosse$) on investments 11 1925) (925) Nel in¢omlngl{outgolng} rnsources 61.543 {122.816) {61.273) 155.537 (29.244) .126.293 Other recognlsed galns and losses Actuarial gainlllossl on defined benefit pension schemes 39.) 39. (20,022) {20,0221 Net movement in funds 101.443 {122,816) (21.3731 135,515 129.2441 106.271 Fund balances at 1 April 2021 434.973 5.112.940 S.$47.913 299,458 5.142.184 5,441,642 Fund balan¢os at 31 March 2022 $36,416 4.990.124 5.526,540 434,973 5,112.940 5,547.913 The statement of firla1 actiwtigs inclLKJes al gains and losses recognisad in Ihe year. Al income and expenditure derive from wntinuiry a¢tyvibes. The statement of finanual actiwties also )MleS tylh Ihe requirgrrts for an income and expenditure account under the Companies Act 20. 10-
CITY OF BRADFORD Y.M.C.A. BALANCE SHEET ASAT31 MARCH 2022 2022 2021 Fixed ass•ts Tangible assets 12 4,978,583 5,116,974 Current a$$èts Debtors Investments Cash at bank 8nd In hwwj 14 15 243.726 16.925 428.775 1.676 17,850 370.236 689.426 584,762 Creditors: amounts falllng due within on• yèar 16 (125.327) {80,0101 Nel cuTnI assets 564.099 504,752 Totsl a$sots les$ Current Ilabllllles 5.542.682 5.621,726 Provlslons for Ilabllltl8$ {16.1421 {73,813) Not assets 5.526.540 5.547.913 In¢am• fvnd$ Restricted furKIs Unrestrided fvnds 4.990.124 536.416 5,112,940 434,973 5.526.540 5.547,913 The finanoal statements were approvecj by the Tnjstees on 13.. 12. 2022 Mr R G Clark Truste• Company r¢gl$tratloTh nrnr 02995811 11
CITY OF BRADFORD Y.M.C.A. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Notes Cash Ilows from operating activities Cash (absorbed byygenerated from operations 188.2381 33.630 Investing aciiviti•s Purchase of tangible fixed assets Investment income receNed 1517) 147.294 {10,5291 130,272 Net cash neratsd from investtng a¢tlvttlo$ 146.7T7 119,743 N•t cash us•d In financing activitses Net Inerease In cash and cash equivalents 58.539 153,373 Cash and cash equivalents al begnniro of year 370.236 216,863 Cash and cash •quivahnts at •nd of y•ar 428.775 370.236 12-
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 A¢¢ountlng polkles Charlty Inf0mtIon City of Bradford Y.M.C.A. is a privale MpanY limiled by guarant incorFWted in England and Wale5. The registered office is Culture Fusion Buikling. 125 Thomton Road, Bradford, West Yorkshire. 8D1 2EP. 1.1 Accounting conventlon The financial statements have been prepared aOrdanc wilh Ihe thariW$ Memorandum and Arbcles of Association, the Companies Act 2006 and "AccAwnb"ng and Reporting by Charities.. Statement of Recommended Practice 8PFAicable lo tharib"e5 preparing their 8¢coun15 in accordance %wth the Finan¢ial Repoth'ng Stsndard applicable in the UK and Republi¢ of Iland IFRS 1021. las amended for accounting periods commenong 1 Jary 2016). The ¢harty is a Public Bengfft Enlity as defined by FRS 102. The financia stalernents are prePad in sterling. which is Ihe functK)nal curfency of the charity. Monetary amounts in these finawal stalennIS are r¢xThJed to nearest £. The financial ststem&nts have been prepared under the historKal $1 wnvention. modified lo include the revaluab'on of investments at fair ¥8. The principa acc(4Jntsng t1¢48S adopted ara sat out bek)w. 1.2 Going concern The acnts have been prepared on a going concem basis on the assumption that the eharity is able lo carry on operating as going ¢oncern in the foreseeable futu. The trtjstees have consi¢Jered the effects of the Covid19 pandemi¢ and have made use of furlough daims and Government grants to off5el losses in income from other s(NJrces. They have also appjied for and obtained additional granls whilst Continually reviewing expenditure levels. Whilst there a $b"Il uncertainties lakn"n9 to thè pand8mi¢. the INstees believe that they have a goc¥J financial base to operate fr(4n over the next e1ve months. 1.3 Charltsble funds Unrestricted funds ar& available for us8 at the discretion of th8 trustees in furtherance of their ¢haritable c&jeclives. Designated funds ¢omk¥ise funds that have be set aside at tr dtsfftlk)n of the directors for specrfic purposes. The puws an¢J uses of Ihe ¢JesKJnated fijnds are set out in the rK)tes lo the financial stslements. Restricted fijnds are those received for use in a partICr area cf fcf specific purposes, the use of which is stricled to that area OT purpose. Capital grants received for the restricted purpose of providing fixed assets are a¢¢ounted for as resth.cted fiJrK1s are immediatety recognh8ed as incorY¥ng r&SrceS in the Statement of Financial Activities. Endowment funds aro wbjgrt to spe¢ifi¢ conditions by donors that the Capital must be maintsined by the charity. 1.4 Incom• Income is recognised when the charity is legally entitled to it after any performance Condin$ hava b8en met, the arnounts can be measured relrably. and il is probable that income will be rerived. Cash donati5 are recognised re¢eipl. Other donalions are re(x)yni5ed once the charty has been nobfied of the donation, unless perforniance conditions r¥1 deferral of the amount. Income tax recoverable in relabon to donations received under Gfft Aid or deeds ol covgnant 1$ recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending dislribulion. the amtyjnt is known, and receipt is expected. If the amount is not known, the a¢Y ts treated as a conlingenl asset. 13-
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 (Contlnued) Oonated goods are recognised as income the chanty has control over the item. any conditions assocHted with the donated item have been met. the receipt of the economic benefft from the use by the charty is probable and the economic benefrt can be measured rdiably. Stocks of urKlistributed donated goods are r1 valued for balance et purposes. Grants a recognised as in(¥)me when the d)arity has entilement ¢0 the fvnds. any perfomiance condilions attached to the grants have been meL il is probable that Ihg InMe will be receive¢J and Ihe amount Can b measured reliably and is not deferred. 1.5 Expenditure Expenditure 1$ recognised once there is a legal or constrtIVe obligation to make a payment lo a third party. it is probablg that settlement wdl be requirgd and the amount of the obligation can be rrasured rdiaÈ4y. Support costs a those functsons that assist the wtyk of the charty but IS) not directly undertake charitsbl activities. and InCe deweuation. Governance u)sts indude administration o)sts. audil fees and certain administration expenses that do r rdale direcuy lo (aritable activitie5. 1.6 Tangibl¢ fix¢d assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depwiation and any impairment losses. Depreciation is recognised so as to write off the cost or valualion of assets less their residual value5 over their usefvl lives on thè followng bases: Long leasehold improvements Fixtures, fittings & equipment Motor vehides 2% ¢)n cost 8eiween 10% & 20% on cost 25% on reduang balance Thg gwn or loss arislng on the disFrf)sa of an asset is determ#d a$ the diff9r8 betren the s818 proc9eds and the carrying value of the asseL and is recognised in the slatement of finanaal acttvities. 1.7 Impalmi¢nt of flx•d ass•ts At each reporng end (late, the charity reviews the carying amounts of its tan9ible assets to determine ¥ether there is any indi(2tion that those awts have suffered an impaiment loss. If any such indication exists, the recoverable amjnI of Ihe asset is estimaled in order to detem)ine the oxtenl of the impairment loss Irf 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at 11 with banks, other short-term liquid investments with Original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities. 14-
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting polici•5 (Continu•d) 1.9 Flnancial instruments The charity has elected lo apply the provisions of Section 11 'Basi¢ Financr41 Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instrumènts. Financial instruments are recognised in the chantY$ balare sheet wthen Ihe charity tecomes paty to the oniracbJal prowsk)ns of the instrumenl. Financial assets and liaknlities are offset. net noUnts presented in the finanrial statements, when there is a legally enforceable right 10 Set off the recognised amounts and Ihere 1$ an inlenb"M to settle on a net basis or lo realise Ihe asset and sethe the liability simuttaneousty- Basic financial assets Basic finan¢ial assets. vthich indude dobtors and cash and bank balances. we inrtially m8a$urgd at transaction price including transaction costs and a 5ubsequenty carried al amorti5ed cost using the effective interest meihod unless the arrangement constitutes a financing traA$8¢titin. where the Ir8nsaction is measured al the present value of the future receipts disc&xJnted at a markel rale of interest. Financial assets dassifled as receivab wttt)in one year are r1 amorlised. Basi¢ finan¢ial liabilities Basic financial liabilit$, induding creditcKs and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing Iransaclion. where the debt instrLJment is measured at the present value of the futu payments discwnted at a market rate of interesL Financial IFabilities dassffie<1 as payable - within one year are rt amortssed. Debt instruments are subsequenty carried at amorbsed fJ)St. ugrwJ the effeclive interest rate meth¢Xi. Trade rJedrtors are oblybons to pay for gwds or ServIS that have been acquired in the ordinary course of operations from suppliers. Arnounts payable a classified as current liabililies if payment is due wilhin one year or less. If not. they are pSented as non-CUenI liabilTties. Trade credthrs are recognised initially at transacb'on price and subsequenty measured at arTrJts"sed wst usiru the effective intere51 method. Derecognitian of financial liabilities FinanThal liabilitie5 are deTne when the charity's contrathor obtigatws expire or are di$drged or cancelled. 1.10 Employee beneffts The cost of any unuse<l holiday entilemenl rewbised in the period in which the employee's servieès are r8C8ived. T8miinalKJn benefits are recognis8d immediately a5 an expense when the charity is demonstrably committed to terminate the ernploent ofan eoyee or to provide temiinab.on benefits. 1.11 Retirement b•n•ffts Payments lo defined contribulion retirement befil are charged as an expense as they fall due. The City of Bradford YMCA partio"pated in a Mu4Mpk$YeT defined benefit pension pkin for employees of YMCA'S in England, Scollanij and Wales. which was closed to new membets and accruals on 30 April 2007. The plan's actuary has advised that rt is not possrNe to separately idents.fy the assets and liabilrtses relakn.ng to City of Bradford YMCAand therefore the scheTh is accounted for a5 a defined conlributs.on scheme. As describgd in note 18. City of 8radford YMCA has a (x)nlractual oblwjalion lo make pension def11 payments of £2.921 p.a. over the period lo April 2029, and therefore this 1$ shown as a liatslity in the accounts. 15-
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Crltl¢al accounting estlmates •nd Judgennts In the application of the thartty'5 a¢(x)unb"ng polieies. the trustees are required to make judgements, estimates and assumptions ab(yJt the carrying amount of assets ar liabilities that are not feadify appar8nt from other sources. The estimates and asso¢iatwJ assumptions are b85ed on histon¢al experience and other factors Ihal are considered to be relevant. Aclual results may ¢ffer from these estimates. The estimates and Underfng assumptions are vieWed on an ongoing basis. Revisions to acCjntlng estimates are recognised in the period in which the estimate is rewsed where the revision affects only that period, or in the period of the revisv)n and future periods where the revision affects both current and fvture perie•Js. Donations and legacies UMestri¢ted unStrICted funds funds 2022 2021 Donations and gifts 1.000 10,560 ChariLible a1ville$ Total Chwltab 2022 Char6table Incom• 2021 Tot¥1 2021 IOrn 2022 Sales wthin charitable activitie5 Services Provided under contract Perfonnance related grants Ancillary trading income 7.977 7.977 5.798 5.798 701 701 19.132 19.132 405.815 405,815 21.322 451,091 451.091 25.400 21,322 25.400 22.023 413.792 435,815 44.532 456.889 501.421 Analysis by fund Unreslricled funds Reslricled furMIs 22.023 42.977 370.815 65.0¢)0 370.815 44.532 5.798 451,091 50,330 451,091 22.023 413.792 435.815 44.532 456.889 501,421 16-
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Invèstm•nts Unrostri¢ted Unreslrided funds funds 2022 2021 Rental income Income from listed investment 146.356 938 129,334 938 147,294 130,272 Otr Ine<¥me Unre$trlded Unrestricted funds fUrS 2022 2021 'Management charges Coronavirus JRS grants 14,679 11.092 .17,087 31,719 25,771 48,806 17-
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONllNUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable activiti•s 2022 2021 Stsff costs Rates Insurance Light & heat Cleaning. repairs & maintenan Administration expenses Programme Costs Motor expenses Travel & subsistence IT & computer costs Training & conferences Sundry expenses Irreco¥erable VAT Bank charges Legal & professional Other charitable expendilure 307.403 4.044 19.531 31,033 66.021 8.525 7,241 657 3,328 12.528 223,356 1,337 19,623 26,547 59,814 6,785 16.289 1.319 254 6,670 li 1,152 936 23,640 345 37,081 2.280 2.345 325 15.145 415 31,012 525,745 411,236 Share of $upp)rt costs (see note 81 Share of govemanee cg)sts (see IN)te 81 138,908 5,575 151.580 4.950 670.228 567,766 Anaty$is by fund Unrestricted fijnds Restricted lunds 176,597 493.631 87.431 480,335 670,228 567.766 18-
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Support costs Support Govemance sts 2022 Support GovemanG¢ costs costs 2021 Depreuation 138.908 138.908 151.580 151.580 Audit fees 5.575 5.575 4.950 4.950 138.908 5.575 144.483 151,580 4,950 156,530 Analysed betsveen Charitsble activities 138.908 5.575 144.483 151.580 4,950 156.530 Governar $ts indudes payTwts to the auditors of £4.95012021- £5.1751 for audit fees. Trustees None of the trustees (or any persons conneded wilh thpm} received any remuneration dyring the year. and no travel expenses were paid12021'. N). 10 Employe•$ The average monthly number of emF4¢)yees duriry the year wa$: 2022 NuMr 2021 Numbor Management Programm8 15 12 Total 19 16 Employm•nt costs 2022 2021 Wages an¢J salaries Sooal security costs Other pension costs 284.585 17.767 5.051 207.643 12.175 3,538 307.403 223,356 There were rK) ernoYeeS vhK)se annual reneratiOn was more than £60.orJ). 19-
CITY OF BRADFORD Y.M.CA. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 N•t gainslllossos) ¢)n inveslments Unrestricted Unrestricted fvnds fUrS 2022 2021 Revaluation ol investments 19251 12 Tanqlbl• fixed ass•ts Long Fixtuw.Motorvehicl25 fftlings & TiJt4 Cost At 1 April 2021 Additions 6.289,992 517 507.734 14.836 6,812.562 517 Al 31 March 2022 6.290.SJ9 507.734 14,836 6.813.079 Depreclatlon and iftN>alrment At 1 April 2021 DeprerAalion charged in the year 1.186,232 126.133 495.056 12.641 14,31X) 1.695.588 138,908 At 31 Marth 2022 1.312.365 507.697 14,434 1.834,496 Carrying amount Al 31 March 2022 4.978.144 37 402 4.978.583 Al 31 March 2021 5.103.760 12,678 536 5.116.974 13 Flnan¢lal Inslruments 2022 2021 Carrying amount of financial assets Instruments measured at fair value through profft or loss 16.925 17.850 14 Debtors 2022 2021 Amounts falling du• wlthln on¢ year. Trade debtOT5 243,726 196,676 15 Current asset investments 2022 2021 Listed investments 16.925 17,850
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 16 CreditOTS: nUnts falling du• wlthln one year 2022 2021 other taxation and social SeIlty Tra(Je creditOTS Accruals and deferred in¢om• 13.054 28.627 83.646 20.437 883 58,690 125.327 80,010 17 Provision$ for liabilltles 2022 2021 Notes Retirement benefft obligations 18 16.142 73.813 16.142 73.813 18 Retlrement benefit schemes The charity operates a defined contribulion pension scheme for all qualityng employees. The assets of the . scheme are held separatèly from ih05e of the charity in an independenuy administered fund. The charge to profit or loss in re$F*ct ol defined (x)ntriblrf sd)emes was £5.051 12021 - £3,$381. Defined benefit sch•rn•s City of Bradford YMCA partiopaled in a contribulw pension plan wovidiry defined benefits based on final pensionable pay for employees of YMCA'5 in England. S(x)Uand 8rHI Wales. The assets of the YMCA Pension Plan are held separatety from those of City of Bradtsd YMCA and at the year end these were investèd in the Mercer Dynamic Dfrrisking Solution. 40% matching portfolio and 60% in the gro% portr0.0 and Schroder (property unit5 only). Valuation The most recenl compl8ted three year ValUatn was 1 May 2020. The assumplions used which have the most signfficant effect on the resulls of the valuation are those reLating to the assumed rates of retum ¢)n assets held b8fore and aftof retirement of 2.59% and 1.09% respectively. the ireaSe in pensions in payment of 2.99% {for RPI capped at 5% p8r annum), and the average lrfe expectancy from nornal retirement age {of 651 for a CUent male pensioner of 22.0 years. female 24.4 year5, and 23.7 years for male pensioners, fem318 26.1 years. tirIng in 20 years time. The result of the valuatK)n showed that the actuarial value of the asset was £146.1m. This represented 79% cl the beneffts that had accrued to memtws. The plan's actuary has adwsed that it is not rx)sgtrAe to separalely identsfy the assets and liabilities ralaling to City 018radford YMCA. and accL)rdingty the PenSn deficit is not shown in the 8alan¢e Sheel.The pensi plan was closed lo new rnberS and futu service accrual whth effert from 30 April 2007. With the mov81 of the salary bnkage f benefits 1 employed deferred members became deferred members as from 1 May 2011. The valuatK•n prepare at 1 May 2020 showed that the YMCA pensh)n plan had a totsl defi¢ii of £36 million and City of Bradford YMCA has been ath.sed that il will need to make mnthly contributions of £243 from 1 May 2022. This amount is based on the UJInI actuarial as5umplions las Outlined a)Ve} and may vary the future a5 a result of actual perfonnance of the pension plan The (yjrrent recovery period is 7 year8 commenong 1 May 2022. 21
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 18 Retlrwnent bonefft schemes IContlnu•d 2022 2021 Repayable.. Within one year 1-2ye8rs 2-5years After 5 years 2.921 2,479 9.195 1.547 11,688 11,337 42,047 8,741 Totsl due 16.142 73,813 The annual payMertts and totsl liabilty have been discounted by a factor of 3% in line with YMCA England recommendation$. In addition, City of Bradford YMCA may over lime have lialI11e5 in the event of the rnn-payment by other participating YMCA'$ of their Sha of the penon plan defic4L 11 is not possible to ¢urrentty quantify the p)tsntial amount that Cty of Bradtord YMCA maybe called w lo pay in the futurg. 19 Analysis of not ass•ts between funds Unre$trlct•d Restrlcted funds 2022 Total unStrICted Restricted Jnds 2021 Total 2022 2022 2021 2021 Fwld balan¢es at 31 March 2022 are presented by.. Tangiblè assets Current aSSeIllabIlItiesI Pfovisi¢)nsand pensions 152.208 4.826.37S 4,978.583 4.350 163.749 564.099 164.466 4,952,508 S,116,974 344.320 160.432 504.752 (16.1421 {16.142) 173.8131 173.8131 536.416 4..124 5,526.540 434.973 5,112,940 5,547,913 20 Ro$trirt8d funds Th8 income funds of the charity indLtyJe restricted fund5 comprisry the followng unexpended balances of donations and giants held on trust for speuftc PUTFwJses.' IAov•ment In funds Balance at Incomlng RtsoUr$ Balan¢• 1 WI 2020 r•sources •xpbndod f April 2021 Movement in funds Irwmlng R•50urc r¢swr¢es expendod Balanu •1 31 Mar¢h 204 Cuhure Fusion Building BEES Grant B8C Chddrgn in Need 5,078.628 8.675 {126.1201 4.952.508 120.3641 9.689 (126.1331 4.826.375 111.3711 21.378 1.682 3.467 42.005 (45.472)
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 20 Re$tricted funds {Contlnued) Shaping Spaces Granl Building Capabilitses Trusted Relationships Bursary Trusted Relationship5 Grant Sundry small grants iys Emesl Ci)ok Trust YMCA England Changing Fubjres Douglas Wood Trusl Cwer81ive Foundation I Will Project Barnado's Y¢th Crime (>oundwork National Lottery Coronavirus Support Changing Futures Appeal CAF Resilience Fund City of Bradford CAF Coronawrus Emergency Fund YMCAE&W Y's Girls Community Foundation for Leeds Transforming LNes Family Aide 2.979 34.957 (26.0761 11,860 (11.860) 5.602 5.602 5,602 21.W) {15,057) 6,843 16.843} 4,784 13,628) 10,695 66.062 169.957} 6.800 738 90,242 (738) {89,027) 12,044 13,259 93,960 {88.761} 18.458 15.000 {10,000) 15.000 {20.OIXI} 6.250 16,250) 56.202 56.202 56.202 35.000 {31.000} 39,000 21.206 5,153 {21,206) 11.666) 3,487 13,487) 44.395 {44,395) 6.250 16.250) 31.568 {31.568) 16.143 {16,1431 51.481 132,794) 18.687 {4.CW) 2.795 2.375 2.795 12.795) 141,059} {2,375) 51,059 10,000 {5.) 15.(KM)} 56.571 147.571} 9.000 5,142,184 451.091 480,335 5.112.940 370.815 1493.631) 4.990.124
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 20 R•strict•d fund$ (Continued) Culturè Fuslon Bullding Fund.. Ihe Ca1 buikling costs tfunded by my pla gant scheme and co-l¢xation funding. BEES grant combining youth-focused programmes wilh wider communty eThJagernenl and delivgrs pracli¢al projects across Bradford District induding conservaiion skills and management of wildlife reserves. enabling and inspiring people to make a positNe Contribut to their local environment. Shaping Spaces - funded through Building Conneclions & administered by C(pop Foundation a pilot project utilising ectherapY sIe activibe5 arKI outdoor acts.v"es (x)nnecb"n9 to nature to mbat youth lonèliness and social isdatton. Trusted Relalion$hips on¢2ono- Commissioned th1Thh Young knves Bradford Consortium for delivery of Home Officè funded programme & out of hours key worker service for young peOe aged 10-14 at risk of exploitstion. Trusted R•lationshlps Group Work - Sthcontractrff of Bamardo Targeted lo Bradford East, w(¥king In partnership with 8amardo's to deliver an innovative area-based youth work spOnse lo prevent young people aged 10-14 becoming invofved in exploitstion through targetgd youth in $th0$ and MMunity settings. Familie$ First Int¢n$ive Youth Support {IYSI +art of a VCS partnership led by Bamado's. Bradford Council commissioned a keywofker for vulnerable families Imng in Bradford & District that meet the natnal 'Troubled Families. criteria (names in Bradford = Families Fits1} and the locally set rter18. This service is led by B8m8rdo's in partnership with 8rathay- JA.M.E.S- YMCA and provides key work support through a Think Family Model.., with one worker. one family. one Flan. YMCA delivers in three lo1 areas. Bradford East. South and West. Douglas Wood Trust- Supporting the recovery from the Cowd-19 pandemic making outdoor 5parE available for the proviyon of the edu¢alion and training and improvir4J èmobonal hèalth and well bèing. Co-operallve Foundatlon Wlwlll. . Peer-ttspeer nntry1J and social action to improve wellbeing during the transition from primary to secondary school. rs Girfs - Communty le(1 menlonng inib"alNe. The f(MXJS of the programme is for Volunteer Mentors to work with girls aged 9- 14 years to Inw. them and to support them to thrive. Charities Aid Foundation { CAF) - Coronavirus Emergency Fund and Coronavirus Resilience fund, support for charities affected by the impacl of Covid to help organisalions survive and deliver rapid relief from the impact of Cov19. focused on those communities hardest hit by the Covid-19 pandemic. Corona¥irus Community Support Fund ICCSF) vi• Th• National Lottery Community Fund ITNLCFI - supporting organisat)nal sustainabilty as a result of the pandemic to enable charib'es lo support people and communities most adversely impactèd by Covid- 19. Ernest Cook Trust - match fijnding and OutdrKf Leaming Officer worknThJ to help young people form FasliThJ connection5 wlh the natural environment. Famlly Aldo - Part of a VCS pathership by Bamado's. Bradford Council commissioned a Family "e service to pwde"hands support" to families to complele lar9eted pieces of vth foi families in extra need of supwt. 21 Financial ¢ommllrnonts. guarant••s and contlngent Ilabllltles The charity operates from the Culture Fusion Bulding. the capital co$1 of i•thi¢h was fvnded by a grant of £5 million from myspace grant scheme (administered by the BVJ Lottery Fund) and Co-lo¢ation funding. The BNJ Lottery Fund have a legal charge dated 28 October 2011 against the buikling as securrty for this grant. The legal ch8rge remains in Ia¢e for a perij of 20 years from October 2011 and is enforceable should the charity breach the terms of the grant. The main conditiTrns relate lo a significant change of use. purpose OT ownership of the building and since there is no intsntion by the ttee$ to breach these ndon5. liability has been provided for in these a¢counl5. There is a lease in place with Cty of Bradford MDC for ocpatIon of the site. at a peppercom annual rent of £1 for a period 01999 years. 22 Operatlng lease commltments At the reporting end date the tharity had cwtstsnding commtlments for fubjre mininwm lease payments under non-cancellatA& operating leases, whth fall due as f10.. -24-
CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 22 Operatlng l•a$¢ ¢ommltmenls (C¢ntinued 2022 2021 Within one year BeNveen and five years 2.159 7.147 292 2.159 7,439 23 Related party transactlons R8fflunoratlon of kny manag•m•nt personnel The remuneration of key management pene1 is as frlkhvs. 2022 2021 Aggregate compensation 40,000 33,638 24 Cash generated from operations 2022 2021 (Deficitysurpus for ihe year (61.273) 126.293 Adjustments for. Investment income recognised in statement of ffinancial actiMties Fair value gain5 ar losses on investments Deprecial¢on and impairnnt of tangible fixed atsets Differen between pension charge and cash ¢ontributhJn5 (147.294} 925 138.908 117.771) 1130,2721 13,0001 151,580 110,2381 Movements in working capital.. {Increasel in debtors Increaselldecreasel in creditors (47.050) 45.317 199,1031 11,6301 Cash (absortd byvgenerated from optrnti¢Jns (88.238) 33,630 25 Analysls of changes in net funds The charity had no debt during the year. -25-