crry OF BRADFORD Y.M.CA.
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Company Reglstratlon No. 02995811 (England and Wales)
Charlty Registrallon No. 1045373
•ADIDA7OB•
2011212024
COMPANIES HOUSE
. #264

CITY OF BRADFORD Y.M.C.A.
LEGALAND ADMINISTRATIVE INFORMATION
Trustee8
Pastor J Aderetl
Mrs K J Smith
Mr R G Clark
Mrs C J E Murie (resigned 24 May 2024)
S•cr•tary
Miss L Ashv40rth
Chalr Person
Mr R G Clark
Charlty number
1045373
Company numb•r
02995811
Prlnclpal addrnss
Culture Fusion Building
125 Thomlon Road
Bradford
West Yorkshire
BD1 2EP
Ragl8tered offlce
Culture Fusion Building
125 Thomton Road
8radford
West Yorkshire
8D12EP
Audltor
Champion Accountants LLP
1 Worsl8y Court
High Street
Worsley
Manchester
M28 3NJ
Bank•r•
Unlty Trust Bank plc
Nine Brindley Place
Bimingham
B12HB

CITY OF BRADFORD Y.M.C.A.
CONTENTS
Page
Trustees, report
stst8m8nt of tnjstees, responsibilmles
Ind8p8nd8nt auditorfs report
8-10
Statement of flnanclal actlvltle8
11
Balance sheet
12
Slatemont of cash flows
13
Notes to the Ilnanclal statements
14-28

CITY OF BRADFORD Y.M.C.A.
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees pres8nt thelr annual report and financial statements for thé year 8nd8d 31 March 2024.
The financial statements hav8 been prepared in accordance with the ac¢ountlng policies set out In note 1 to th8
financial stat8rnents and comply with the chantys goveming document, the Companies Act 2006, FRS 102 Yhe
Financial Reporting Standard applicable in the UK and Republic oi Ireland" and the Charities SORP "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts
in accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021..
Objecllves and actlvltles
The chanty is part of a worldwide. Inclusive Chrlstian movement which stands for:
Awoddwld8 fellowship based on the equal value ol all persons.
Respect and freedom for all.
Tolerance and understanding between pèopl8 of drfferent opinions.
Activ8 concem for the needs of the communlty, and a unlted effort by Christlans of different traditlons.
The charity works with people of other religious faiths arKI those of none to transfomi communities so that all
young people can truly belong, contribute and thrive. Our mission is to help chlldren and young people live
happler, more fulfilled and successful lives, worklng both wlth them and partners to Improve incluslon and
¢oheslon across our home city of Bradford.
Strategic Objectives
The organisation 1$ contlnuing to work towards the five-y8ar Strategic Objectlves revlevKd In 2023:
Increasing our Impact - making Sure that year on year we will change and enhance more Ilves with
focus on young people
Extending our Influence - Ensurlng we have an inbluence over our future as an organlsatlon and the
service our communities receive.
Worklng Together 8etter - to be￿rne the most effe¢tlve organisallon we can be.
Sustainability - creating a solid fjnancial foundation that will support the future development and growth
of the organlsauon.
Publle B•n•flt . In planning activltles lo meet the alms and mission of the charity. the Directors have given
careful consideration to the Charity Commission'5 general guidance on Public Benefil. The charity's primary
purpose Ss to provide servlces. support and aclivities to children and young people, and esp8cl81ty to those who
are most in need. This contributes both directly and indirectly to the public good, improving the wellbeing and
prospects of the young people themselves, while benefiting the wider communities as young people become
more actwe cltlzens and themselves contribute to community life.
The activities undertaken in order to achieve thls Include:
Providing infomial education and training opportunities, such as personal developmenl and life-skills
programmes leading lo fomial accreditslion. These are particularfy targeted at those not in employment.
educatlon or tralnlng.
Helping young people to participate fully in thelr communities. for example through volunteering activity
and projects which improve Ihe local environment.
Helping young people lo avoid exploitation and Crime, by engaglng Ihose In positive. socialty Incluslve
activities and building confidence and resilience.
Offering outdoor leaming and environmental opportunities - such as the wildlrfe and conserrfation activity
managed through our BEES environmental department.

CITY OF BRADFORD Y.M.C.A.
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevem•nts and perfomian¢e
This past year ha5 been Challenging for many. with tha ongoing inflationary pressures and rlslng cost of lfvlng
Impactlng those we seek to support the need lor our seniices remalns high.
Our focus since the pandemic has bean on ensuring financial viability to ènable US to respond to the needs of the
children. young people. families and community we seN8 through our programme of activity.
Through successful manging finances through this challenging period we have been able to both conllnua and
expand our work to reach more people and achieve a real differonce in thelr Ilves through our broad range of
programmes.
Chlldr•n. Young P•opl• and Famlll•s Programm•$
Famlly work increas•d throughout tha pandemic as we responded to the local needs in a holistic whole family
approach. This year saw our work wlth families contlnu8 to Increase through both our Supporting Families and
Famlly Ald8 programmes. In 2023-24 we supported 111 lamilies including 277 chlldren through a keyworker
model providing targeted earty help to support famllles overcome challenges such as school attendance and
educatlon, housing. employ8bility, mental and physical health. We supported a further 82 families including 214
chlldren through our Family Aide work by providing hands on practical support to families who already have
lead practitioner.
Our Holiday Activity Fund (HAF) scheme ran in Easter and summer school holidays providing posltive activi￿8$
for 18 young people alongslde healthy food for free school meals ellglble chlldren durlng the school holldays.
Youth progrnmm•$
Our two mentorlng programmes that launched durlng the pandemic have continued to grow and devalop post
pandemic with a focus on emotional health and wellbeing for mentors and mentees.
With thanks to the tim8 and dedlcation of our volunteer mentors, 25 girls a year received one2one mentoring
8UPPOrt through the natlonal Y's Glrfs programme. The programme supports girls aged 9-14 who are at rfsk ol
developing mild lo moderate mental health difficultles by engaging thom in a range of positive youth a¢llvities and
one2one mentorlng. Our gender-based work has been further supported by our youth group activlties and
d8velopment of a youth ambassador programme.
Changing Futures Peer Mentoring was extended for a third year, The pro9ramme offers youth led emotional
wellbelng and mental health mentorin9 & support for students making the transition from primary to secondary
school.
Over the three year pertod the prolect supported 185 Youth Peer Mentors who dellver8d rnentorlng to dellvered
peer mentoring 309 young people going through a school transition. A further 9000 young people benefitted from
youth led social actlon initiatlves such as anti.bullying assemblles, workshops and Tea Talks In school and
community settings.
Shaping Futures Funding enabled us to extend this model to 22 young people who were not In full time
education, training or employment INEET) providing social action opportunities aimed at bulldlng skills and
confidence to help them re-enter educatlon, employment or tralnlng.
Our young people's counselling service supported 18 young people by providing weekly therapeutic support by a
trained counsellor. Shaping Future5 NEET mentoring provided further opportunities
8radlord Envlronm•ntal Educatlon S•rvlc•s (BEES)
Our Conservatlon Volunteer group and Wildlif8 Fleld vlslts remaln a cor8 part of our Envlronmental Programme.
During this year we delivered 43 conservation volunteer days supported by 116 volunteers. 33 Wildlife field visit
trips took place to Bradford Wildlife Area5 and other wildlife sites supporting wilh leaming.
In our final year of three-year fvnding through the Emest Cook Trust our Envlronmental Education team delivered
22 sessions supporting Over 800 chlldren and young people through environmental education sesslons in local
schools. college and community groups.

CITY OF BRADFORD Y.M.C.A.
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Our Annual Appl8 day celebration held at our Community Orchard was able to njn as normal again this year.
With conlSnued thanks to our volunteers who support wlth all aspects of the evont We SUCCossfully welcomed
approximately 350 people throughout the day.
In 2023 we ware awarded funding from the National Lottery Community Foundation for our Greening
Communitles project. Greening Communities development has been led by participants on our BEES
programmes recognising the addltional Impact outdoor environmental activities and connecting wlth nature have
on their health and wellbeing. Alongside this are skills development opportunities and climate change InitiatNes
helping to support healthy communities through improving the natural environment.
YMCA Culturo Fu8lon
Our stralegy to manag8 th8 increased costs of operation h8s b88n to maximlse occupation incomg and r6du¢e
energy costs through reduced energy consumptlon and improved efficiencies to ensure the Centre remalns
viable. Unfortunately, In May 2023 we suffered a signific4nt leak whlch resultlng in extensive water damage to
the new build extension side of the building and resulting In temporary dosure due to health and safety- The
team pulled together to enable us to becorne operational on site Sn lust weeks once services had been safely
restored and alongside a programme of r8fvrblshm8nt managed alongside 8errfices rèsuming. We are very
grateful to all teams involved for their understanding and flexibility durlng thls period, systems developed in the
pandemic to support remote working and priorltlslng front lin8 delivery were able to be implemented quickly
reducing impact wherever po￿lb18.
The Centre conlinues lo op8rat8 as a multi partner hub spanning communlty, health and education sectors.
Culture Fuslon represents a non territorial safe space in the City Centre vthich is the base for many services and
activities comprising NHS Early lntep48ntlon servlc*, Focus Autism Support, New Choices, Youth SeNices,
Bradford Nlghtstop and Bradford Collega.
September 2023 saw an expansion of Bradford College New Directlon Leaming altemative provision at Culture
Fusion. with College expanding the numbers of young peop18 SUPPOrted on site through expanslon of room hire
creallno a specialist environment at Cultura Fuslon. Leamers 8r8 abl8 lo participate In taster sessions in thelr
chosen career, improve Ilteracy and numeracy and develop personal and soclal skills.
Fln4n¢l•l r•vl•w
The results for the year show a deficlt of £117.912 (2023: £127,774 as rastated) bofore pension scheme
obligation movements. There Is a surplus on the defined benefit pension scheme obligation of £2.880 (2023:
deficit £2,584) and the net deficit movement In funds of £115.032 {2023: £130,358 as restated) has been
deducted from th8 balances brought fo￿ard.
Total funds of £5.281,150 (2023.. £5.396.182 as restated) have been carried for*ard to next year. These
comprise unrestricted funds of £559,457 (2023.. £543.239 as restated} and restricted funds of £4,721.693 {2023'.
£4.825,943}.
The prlor year reseNes have been reduced by £46.939 in respect of an under provision for utility costs. vthi¢h
materially affected th8 results for that year.
The trustses have contlnued to source new fvnding and keep close control over expenditure during the year.
They have started the new ffinancial year In a better position than last. due new longer tem funding and licen¢e
agreements. Whilst there are still some uncertainties around rising energy costs and inflationary pressures,
close monitoring of expenditure through the provision of up to date management infom)ation, enables them to be
confKlent Ihat the charlty can continue to operate as a golng concern.

CITY OF BRADFORD Y.M.C.A.
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The reserves pollcy was reviewed in 2022123 takin9 into account inflationary pressures and increased energy
costs. It is the policy of the charity that unrestricted funds which have not been d85ignated for a specific use
should be maintained at a 18V81 equivalent to at least three month's budgeted exp8ndrture which amounts to
£300,000. The truste8s considers that reserves at this level will 8nsur8 that, in the event of a significant drop in
funding. they wlll be abl8 to continue the charity5 current activities while consideration is given to ways in vthich
additional funds may be ralsed. This level of reserrfes has been maintsined throughout the year.
A restricted reserve has been created for the express purpose of compensating the depreciation on the Culture
Fusion building, th8 Cost of which is shown as a Long Leasehold Improvement. The directors consider that the
figures stated in these accounts are not unreasonable. The Culture Fusion propety is being depreciated over a
50 year period.
The YMCA has undertaken an ethical stance on the type of investrnents that are held,
The Board has in placè a rfsk management process to assess business résks and implement risk management
strategies. This involves identifying the typ8s of rlsks the charity faces. priorilising them In lem)s of potentlal
Impact and Ilkollhood of occurr8n&g, and identifying means of managing the rlsks.
The principle risks and uncertainties are loss of regular funding from ben8ficlary bodies and organisations. As a
govemance issue, a dedine in confidence in belng able to provide expect8d18vels of service by partners would
present an identifiable risk. This Is counteracted by the provision of regular réviews of income and fundlng
Including dialogue wlth beneficiary bodies on an ongoing basis. Such ongolng dialogue Is also used lo highlight
any potential problems with programmes at an operational level and thereby attempt to mlnlmise the rlsk of
competition from slrnllar local organisations to run èxisting programmes. Operatlons are sourced without bank
overdraft and loan facilities and thereby elimlnating a large area of financial risk.
Olh•r Poll¢l••
Thg City of 8radford YMCA has Implemented a number of detaS18d policles In relation to personnel and other
matters. These Include Equal Opportun5ties and Dtvers5ty, Health & Safety, Safeguardlng Chlldren & Young
People and has recently undertaken a Section 11 Safeguardlng Self-Assessment. Full details of these and other
policies are available at the charity's registered office.
GOV•man￿ Co•1•
Goveman¢e cosls ar8 the costs assoclaled wlth the governance arrangement5 of the Charity which relate to the
general runnlng of the Charfjty as opposed to those costs assocSated with fundraising or charitable activity.
Included within this calegory are costs associated with the strategic as opposed to the day-to-day management
of the Charltys actlvltl8S.
Details of the actual govemance costs incurred are included In Note 8 to the accounts.

CITY OF BRADFORD Y.M.C.A.
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Plans lor th• futur•
Our development strategy rèviewed post pandemic remains relevant to our aims now.
YMCA Bradford aims to...
Continue to develop our children, young people and family programmes in response to emerging needs
of the pandemic and cost of livlng crfsis, ensuring that the YMCA Mission remains at the forefront of our
work.
Implement a fvnding strat8gy to support our ongoing Youth Pmgrammes.
Oevelop our BEES Environmental programmes including exploring opportunities to utilise outdoor green
spaces for the benefit of emotional h8allh and well-being including loneliness and social isolation.
Review the business model of YMCA Culture Fusion considering long term consumer behaviours
relating to office use and meeting spaces.
Explore capltal improvements to our premlses and company vehlcla to reduce ongoing runnlng Costs
and improve our environmental impact.
Develop new partnerships and opportunities to further the work of the YMCA.
The Board recognlse the contlnued challenges of the last 12 months operatlng In a contlnu8d dmcult economSc
environment. Through robust risk management of energy consumption alongside income maximisation the
YMCA has been able to rniligate the impact of increased costs and contlnue to expand our programmes of
8UPPOrt delivering the YMCA'S Mlsslon. It Is the Boards bellef that due to tha actions taken along with its financial
reserrfes the Charlty remains a going concem.
Structur•i govornan¢• •nd manag•m•nt
City ol Bradford YMCA was founded on 1 June 1857 and was incorporated by guarantee on 29 November 1994.
It has no share capital and is a registered charity. The governing document is the Memorandum and Articles of
Assoclation of the company and members ol the Board of Trustees are Dlrectors of tha company. The guaranleo
ol eath member Is Ilmlted to £1.
City of Bradford YMCA Ss an Independent asswalion but is linked to the YMCA Movement In England by means
of affiliation. The business of the charity is governed by the Board ol Directors which comprlses o maximum 0115
people, who together are responsible for th8 Strategic direction and oversight of the management of all the affairs
of the charity.
The trustees, ar8 also the directors for tho purpos• of company law. and who served durln9 the year and up
to the date of signature of the financial statements were:
Pastor J Adereti
MrsCJEMurie
Mrs K J Smlth
Mr R G Clark
(Resigned 24 May 2024)
The ￿¢ruItm0nt and appolntment of new dlrectors Is18d by the Board of Directors, whlch Identlfies the skills.
experience and knowledge required from new directors by considering the collective skill profile of the Current
Board. Potential candidates are recommended for consideration by Board directors and appointed by resolution
at a meeting of the Board. Upon appointment each director signs a code of ￿ndUct and completes a register of
intérests. New directors are given an induction pack vthich indudes the charlty's governing document as well as
relevant strategic and operalional documents. Through a meeting wlth the Chair and Senior Manager they a
briefed on their responsibilities and obligations and provided with relevanl Charity Commission guidance and
documentation.

CITY OF BRADFORD Y.M.C.A.
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Th8 board meets at least four times a year and delegate the day to day management of the City of Bradford
YMCA to the CEO. Leanne Ashworth. The delegatlon of financial authority to the senior staff, with specified lirnits
imposed within a written scheme of delegation. continues as before. Central Support seNices such as Business
Development, Management Accounts, Flnance, HR and Health and Safety are delivered through a Serrfic8 Level
Agreement with F￿de Coast YMCA vthlch tho Board revlew8 annually.
Staff salaries are reviewed annually against industy standards and affordabllity. ￿$1 of living awards are
approved by the Board of D1￿CtOrS by the 1st Aprfl each year.
The directors are satisfied that appropriate protectlon, systems and chocks remaln in place In order to mltlgate
exposure to major rfsk, wlth th8 risks to which the charlty Is exposed being reviewed on an ongoing basls.
Audltor
In accordance with the companV$ articles, a resolutlon proposing that Champion Accountants LLP be
r8appoint8d as auditor of the company wlll be Put at a General M88ting.
Dl•elosurn of Inforniatlon to audltor
Each of the trustees has confimed that there Is no information of which they are aware whlch Ss relevant to the
audit. but of which the auditor is unaware. They have fijrther confinned that they have taken appropriate steps to
Identify such rel8vant infomiation and to establish that the auditor18 aware of such Inforniatlon.
The trustees, report was approved by the Board of Truste8S.
Mr R G Clark
Truslee

CITY OF BRADFORD Y.M.C.A.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees. who are also the directors ol Clty of Bradford Y.M.C.A. for the purpose of company law. are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Skndards (United Kingdom Generally Accepted Accounting Practi￿).
Company law requlres the trustees to prepare financlal sklements for each financial year which givo a true and fair
view of the state of affairs of the charity and of the incoming resources and applicats'on of resources, Including the
income and expenditure, of the charitable company for that year.
In preparing these financial statements. the trustees are required to:
select 5Ultable accounting policies and then apply them consistently;
observe the methods and prin¢ipl8s in the Charities SORP.,
- make judgements and estimates that are reasonabl8 and prudent,,
slate whether applicable UK Accounting Standards have been followed, subject to any material departures
dlsdosed and explained in the financial statements,. and
prepare the financial statemants on the golng concern basls unless It18 Inapproprlate to presume that the charlty
will continue in operats'on.
The Iru$tees are responslble for keeplng adequate accounting records that dlsclose wlth reasonable accuracy at
any tlme the finan￿al posillon of the charity and enabl8 them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detecllon of fraud and other Irregularitles.

CITY OF BRADFORD Y.M.C.A.
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CITY OF BRADFORD Y.M.C.A.
Oplnlon
We have audited the financial statements of City o18radford Y.M.C.A. (the 'charity') for the year ended 31 March
2024 ￿lch compris8 the ststement of flnanclal activities. the balanc8 sheet, the statement of cash flows and notes
to the financial statements. Including signrficant accounting policiès. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Stsndards, induding Financlal
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and R&public of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion. the financial statements:
give a true and falr view of the state of the charitable company's affairs as at 31 March 2024 and of Its
incoming resources and application of rasources, including its income and expenditure. lor the year Ih8n
ended:
have been properly prepared In accordance wlth Unlted Klngdom Generally Accepted Accountlng Pradce;
and
have been prepared in accordance with the requirements of the Companles Act 2008.
Ba818 for oplnlon
We conducted our audlt In accordance wlth Intemational Standards an Audltlng (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are fvrther described in the Auditors responsibilities for tha audit ol
the financial stat8m6nts section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements In the UK, including the FRC'S Ethical
Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audlt evldence we have obtsined is sufficient and approprlate to provlde a basis for our opinion.
Conclu8lon• r•latlng to golng ¢on¢•m
In auditing the financial statements, we have concluded that the trustaes, use of the going concem basls ol
accounting in the preparatlon of th8 financlal statements is appropriate.
Based on the work we have performed. we have r)ot identified any material uncertalntles relaling to events or
condltlons that. individually or collectively, may G8St sSgniflcant doubt on the charity's ability to continue as a going
concern for a perfod of at least twelve months from when the financial statements ar8 authoris8d for issue.
Our responsibilities and tha responsibilities of the trustees with respect to going concern ar• described in the
relevant sectlons of this report.
Oth•r Inlorniallon
The other infomiatlon comprlses the inlomalion included In the annual report other than the financlal statements
and our audilorfs report thereon. The Irustees are responsible for the other infomalion contalned within the annual
report. Our opinion on the financial statements does not COV8r the other inforTnation and. except to the extent
otherwise explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. Our
responsibility is to read the other infomiatlon and, in doing so, consider whether the other Infomation is materially
Inconsistent with the financlal statements or our knowledge obtained in the course of the audit. or othepwlse appears
to be materlally misstated. If w8 identify such material inconsistencies or apparent materlal misstatements, we are
required to delemine vthether this gives rise to a material misstatement in the financial statements themselves. If.
basèd on the work we have perfonned. we conclude that the￿ is a material misstatement of this other infonnation.
we ar8 required to r8PQrt that fact.
We have nothlng to report In this regard.
Oplnlons on other matters prescrlbed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of our audit..
the infonnation given in the trustees, report for the financial year for whith the financial statements are
prepared, which indudes the director5, report prepared for the purposes of company law. is consistent the
financial statements: and
the directors, report included within the trustees, report has been pr8par8d 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.C.
Matters on whlch wo arè requlred to rnport by •xceptlon
In the light of the knowledge and understanding of th8 chanty and its environment obtained in the course of the
audit. we hav8 not identified material misstatements in the directors, report included within the trustees, report.
We have nothlng to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if. in our opinion:
adequate accounting ￿e0rd$ have not been kept, or retums adequata for our audlt have not been received
from branches not vlslted by us: or
the financial statements aré not in agr88ment wlth the accounting records and r8tums', or
certain disdosures of truste8s' remuneration specified by law ar8 not made., or
we have not received all the Infomatlon and explanations we require for our audlt. or
the trustees weré not entitled to pr6par8 thè financial statements in accordance wilh the small companies
regim8 and take advantagè of the small companles. exemptions in preparing the trustees, report and from the
requirement to prepare a strategic report.
Respon¥lbllltle8 of trustees
As explained more lully In the statement ol truste8s' responsibilities, the trustees. who are also the dlrectors of the
charity for the purpose of company law, ara responslblo for the preparatlon of the financial statements and for being
8atlslled that they give a true and falr view, and for such Inlemal control as the trustees detennlne is necessary to
enable the preparation of financial statements that are free from materlal misstatement. whether due to fraud or
error. In preparing the financial statements, tho trustees are responsible for assessing the charitys ability to
continua as a going concern, dlsclosing, as applScable, matters related to going ￿nCern and using the going
concern basis ol accountlng unles5 the trustees elther Intend to liquldate the charftable company or to cease
operations. or have no realistic alternative but to do so.
Audltorf• r•8pon8lbllltl•8 lor th• audlt of th• flnanclal •tat•ment•
Our objectives are to obtsln reasonable assurance about whether tha financlal stat8ments as B whole are free from
material misstatement. whether due to fraud or error, and to Issue an audltorfs report that includes our opinion.
Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS {UK) w511 always detect a mal8dal misslatement when It exlsls. Misstatements can 8rise from fraud or
error and are considered material If, individually or in the aggregate. they could reasonably be expected to influence
the economic decisions of users laken on the basis of these financial statements.
The extent to vthlch our procedures arn capable of detecllThJ Irregularltle8, Induding Iraud. Is delalled below.
As part of our planning process:
we enquired of management the 8yStems and controls the company has In place. the areas of the financial
slalements that ar8 mostly susc8Ptibl8 to the risk of Srr8gularilies and fraud. and wh8ther ther8 was any known.
suspected or alleged fraud. Management did not infomi us of any known. suspected or alleged fraud.
- We obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined
that the following were most relevant Charities SORP FRS 102, and the Companies Act 2006.
We consid8f8d the Inc8ntiV8s and opportunitles that exist in the company. including the extent of management
blas, whlch present a potential for irregularities and fraud to be perpetrated. and tailored our risk assessment
accordingly.
Using our knowledge of the company, together ￿th the discussions held with management al the planning stage,
we formed a conclusion on the rlsk of misstatement due to irregularities including fraud, and tallored our pro¢edure$
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 kay procedures w8 undertook to detect irregularities induding fraud during the course of the audit included:
Identltying and testlng ￿uma1 entrles kn the overall arxountlng records, in particular those that were significant and
unusual.
Reviewing the financial statement disclosures and d8t8nnining whether accnunting policies have been
appropriately applied.
Reviewing and challenging the assumptions and judgements used by management in their significant accounting
estimates, in partlcular In relation lo Investrnent property valuations and recoverability of debts.
- Assessing the extent of compliance with the rèl8vant laws and regulations.
- Tasting key revenue streams, in particular grant income, for evidence of management bias.
Obtaining third paty confirmation of material bank balances.
Documenting and verifying all significant r8lal8d paty balances and transaction8.
There are inherent limitations in our audit procedures described above. The mor• removed that laws and
regulations are from financial transactions, the less likely il is that we would become aware of non-compliance.
Auditing standards also limit Ihe audit procedures requlred lo Idenlty non-compliance with laws and regulations lo
enquiry of th8 directors and other management, and thè Inspection of regulatory and legal correspondenco. Material
misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve
deliberatè concealment or ￿llUsIon.
A further description of our responsibilities 18 available on the Flnanclal Reportlng Councll'8 webslte at: httpg.'11
vhyw.frc.org.uklaudltorsrespon$lbllltles. Thls description forn18 part of our audltol8 report.
Us• of our report
This rgport is made solely to the charitable companys members, a$ a body, In accordance with Chapter 3 of Part 16
ol the Companies Act 2006. Our audit work has b88n undertaken so that we might stste to the charltable company's
members those matters w8 are required lo slate to them In an audltor's report and for no other purpose. To the
fullest extent permitted by law. we do not accept or assume responsibilty to anyone other than the charitable
company and the charitable o)mpanYs members as a body, for our audit work, for thls report, or for the opinions we
have fomied.
Deborah Thorn FCA (S•nlor Statutory Audltor)
For and on beham of Champion Accountants LLP. Statutory Audltor
Chartered Accountants
1 Worsley Court
High Street
Worsley
Manchester
M28 3NJ
i&.. kn.Q£AYthL/ Jojis
10-

CITY OF BRADFORD Y.M.C.A.
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestri¢ted Restrfctad
fund8
funds
2024
2024
Total Unrestrided Restrlcled
Total
funds
funds as rostated
2023
2023
2023
2024
Notes
Incom• and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
3.190
12.878
252.964
82.733
18,682
359,128
21,872
371,806
252,964
82,733
16,116
174,660
16.800
357,094
373.210
174.660
16.800
Total Income
351.565
377,810
729,375
207,576
357,094
564.670
Exp•ndltur• on:
Charltable activities
337.052
509,060
846.112
196.494
494,275
690.769
Total •xpondlturg
337,052
509,060
846,112
196,494
494,275
690.769
Net gain$l(losses) on
Investments
12
(1,175)
(1,175)
{1.675)
(1.675)
Net Incomellexpondlturn)
13,338
{131,250) (117.912)
9,407
(137,181) (127,774)
Oth•r r•cognl8•d
galns and losses:
Actuarial galnsl{losses)
on defined benefrt
pension schemes
2.880
2.880
(2,584)
{2.584)
Nel mov•m•nt In
funds
16.218
{131,250) (115.032)
6.823
{137.181) (130.358)
R•conelllatlon of fund•:
Fund balances at 1 April 2023
543,239 4.852.943 5.396.182
536,416 4,990,124 5.526,540
Fund balanrAS at 31 March
2024
559.457 4.721.693 5.281.150
543,239 4,852,943 5.396.182
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditur8
derive from continuing activlties.
11

CITY OF BRADFORD Y.M.C.A.
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
as roslated
Noto•
Flx•d as8OtJ
Tangible assets
14
4,730.956
4,850.726
Current assets
D8btors
Investments
Cash at bank and in hand
15
16
151,475
14,075
711,148
372.224
15.250
342.068
876,698
729.542
Cr•dltorn: amounts f*lllng du• wlthln
ono yoar
17
(319,153)
(169,835)
Not current a•8ets
557,545
559,707
Tol41 •$*etg l••• curr•nt Il•blllllo•
5.288.501
5,410.433
Defined benefit pension Ilabillty
19
(7.351)
(14.251)
N•t a••et•
5.281.150
5.396.182
Th• funds of the charlty
Restricted incom8 funds
Unrestricted funds
Pension reser40
22
4.721,693
552.106
7,351
4.852.943
528,988
14,251
5,281,150
5,396.182
The financlal statements were approved by the trustee8 on ....
£.L LL
Mr R G Clark
Trustee
Company registration number 02995811 {England and Wales)
12-

CITY OF BRADFORD Y.M.C.A.
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows Irom operallng actlvltles
Cash generated froml{absorbed by)
operatlons
24
124.113
(263.042)
Investing actlvltles
Purchase of tanglble fixed assets
Capital goods scheme adjustment
Inveslment in¢ome received
(7.997)
1.675
174.660
252.964
Not ca•h g•n•rat•d from Inv•stlng
•¢llvltl•*
244,967
176.335
Net cash used In flnanclng actlvltle8
Net Increa801(decroa8•1 In cash and rAsh
•qulval•nts
369.080
{86.7071
Cash and cash equlvalents at beginnlng of year
342,068
428,775
Cash and cash equivalents at end of year
711,148
342.068
13-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Charlty Infomiatlon
City of 8radford Y.M.C.A. is a private company limited by guarantee incorporated in England and Wales. Th8
registered office is Culture Fusion Building. 125 Thornton Road, Bradford, West Yorkshire, BD12EP.
1.1 Accountlng conv•ntlon
The financial statements have been prepared In accordance wlth the charlty's governlng document. the
Companles Act 2006, FRS 102 "Th8 Financial R8POrting Standard applicable In the UK and Republic of
Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financlal Reportlng Standard
applicable in the UK and R8publlc of Irèland (FRS 102)" The charlty is a Public Benefit Entity as d8fin8d by
FRS 102.
The financlal ststements are prepared In sterling, vthlch is the functional currency of the charity. Monetary
amount8 in these financial ststements are rounded to the nearest £.
The flnancl81 siat8ment8 have been prepared under tho hlstorlcal cost conventlon. modified to Include tha
ravaluallon of Inveslments at falr value. The prin¢lpal accountlng pollcles adopted are set out below.
1.2 Prlor perfod error
A prior period adju51ment has been recognised in respect of an under provision on utility costs.
1.3 Golng ¢onc•rn
At the time of approvlng the financlal statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue In operational 8XlStence for the foreseeable future. Thus the trustees
conlinue to adopt the going concern basis of accounting in preparing the financial statements.
1.4 Charllablo funds
Unrestrictéd fund8 are avallable for u88 at the dlscretlon ol the tnjstees In furtherance of thelr charitable
objectives.
Deslgnated funds comprlse funds that have been set aside at the discrelion of the directors for speclfic
purposes. The purposes and uses of the designated funds are sel out In the notes to th8 financial slatements.
Restricted funds are those received lor use in a particular area or for specific purposes, the uso of which Is
r8strlct8d to that area or purpose. Capital grants received for the restricted purpose of providing fix8d assets
are accounted for as restricted fijnds and are immediately recognised as incoming resources in the Statement
of Financial Activitles.
Endowment funds are subject to speclflc conditlons by donors that thg Capital must be malntalned by the
charity.
1.5 Income
In￿me is recognised vthen the charlty is legally entitled to it after any performance condittons have been met,
the amounts can be measured reliably, and il is probable that income will b8 received.
Cash donations are recognlsed on r8¢eipt. other donations are recognlsed once the charity has been notified
of the donation. unless perfomance conditions require deferral of the amount. Income tsx recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognlsed on recelpt or other4vise rf the chartty has been notified of an Impending dlstribution,
the amount is known, and receipt is expected. If the amount is not known, thè legacy is treated as a
contlngent asset.
14-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
(Continued)
Donated goods are recognlsed as Income when the charity ha5 control over the Item. any condltlons
associated with the donated Item have been met, the rec8iPt of th8 economic benefit from the use by the
charity is probable and the economic benefit can be measured reliably. Stocks of undistributed donated goods
are not valued for balan(% sheet purposes.
Grants are recognised as income when the chanty has entitlement to the funds, any perfomiance conditions
attached to the grants have been met, it is probabl8 that the income will be received and the amount can ba
measured reliably and is not deferred.
1.6 Exp•ndltur•
Expenditure is recognised once there is a legal or o)nstructlv8 obligation to make a payment to a thlrd party, It
Is probable that s8tt18ment will bo required and the amount of the obllgatlon can bo mo88ured reliably.
Support costs are those functions that assist the wort( of the charlty but do not dlre¢tly undertake charltable
activitle8, and Include depreclatlon.
Govemance costs include administration costs, audit fees and certain admlnlstration expenses that do not
relate dlrecUy to charitable aciivlties.
1.7 Tanglblè flx•d a880ts
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
dépreclallon and any lrnpairment losses.
Depreclatlon is recognlsed so as to write off th8 Cost or valuation of assets less their residual values over their
usefvl lives on the following bases:
Long leasehold Improvements
Fixtures, fittlngs & equipment
Motor vehlcl8s
20/0 on cost
Befv4een 10% & 200A on cost
25% on reducing balance
The galn or loss arfsing on thè disposal of an asset is detennined as the difference between the sale prO￿ad$
and the carrying value ol the asset. and is recognlsed in the statement of financial activitles.
1.8 Impaimient of fixed assot$
At each reporting end date, the charlty revlews the carylng amounts of Its tangible assets to determin8
whether ther8 is any Indlcatlon that those oss8ts have suff8r8d an Impaimient loss. If any such indiG8tion
exists, the recoverable amount of the asset is estimated In order to determlne the extent of the Impaiment
loss (rf any).
1.9 C••h and ¢ash •qulval•nts
Cash and cash equivalents indude cash In hand, deposlts held at call with banks, other short-term liquid
investments with original maturitles of three months or less. and bank overdrafts. Bank overdrafts are shovm
wlthin borrowlngs In current liabilities.
15-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng poll¢l•$
(Conllnu•d)
1.10 Flnanelal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of Its financial Instrument8.
Financial instruments are recognis8d In the charfty's balance sheet when the charity becomes paty to the
contractual provisions of th8 instrument.
Financ6al assets and liabllities are offset, wth the net amounts presented In the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and sottle th8 liabilty slmultaneously.
B•$l¢ Ilnanclal assets
Basic financial assets, which indude debtors and cash and bank balances, ar8 initially measured at
transaction price including transaction costs and are subsoquently Carried at amortlsed cost using the effective
nterest method unless the arrangement constitutes a financlng transaction, where the transaction is
meaSU￿d at the present value of the future recelpts dlscounted al a market rate of interest. FlnancSal assets
classified as receivable within one year are not amortised.
8•slc flnanelal Ilabllltles
Baslc financlal liabilllies, Induding ¢redltor5 and bank loans are Inltlally recognlsed al transactlon prlce unless
Ihe arrangement constitutes a financing transaction, vther8 the d8bl Instrument is measured at the present
value of the future payments discounted at a market rate of interest. Finanoal liabilities classified as payable
within one year are not amortised.
Oobt In$trumonts are subsequenlly carrled at amortlsgd cost. uslng the effective Interest rate method.
Trade credrtors are obligatlons to pay for goods or servic8s that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if pa￿ent is due within one
year or less. If not. they are presented as non-current liabililies. Trade creditors are recognised inilially at
transaction price and subsequently measured at amortised cost using the effectlve Interest method.
D•rncognltlon of Ilnancl•l Ilabllltles
Financlal Ilabilities are derecognised when the charity's contractual obligatlons explre or are dlscharged or
cancelled.
1.11 Employ•• b•n•flt•
The cost of any unused holiday ontillement is recognlsed In the perlod In which the employee's serylces are
received. Termination benefits are recognised Immediately as an expense when the charity is demonstrably
committed to tenninate the employment of an employee or to provide termination benefits.
1.12 R•tlrement ￿n•ffitS
Payments to defined contribution r8tlremanl banofit schemes are charged as an expenso as they fall due.
The City of Bradford YMCA particlpated In a multi-employer defined benefit pension plan for employees of
YMCA'S in England, Scotland and Wales, vthich was dosed to new members and accruals on 30 April 2007.
The plan's actuary has advised that it is not possible to separately identity the assets and liabilities relating to
City of Bradford YMCA and therefore the scheme is accounted for as a defined contribution scheme. As
described In note 19, City of Bradford YMCA has a contractual obligation to make pension deficit payments of
£2.505 p.a. over the period to Aprll 2027 (2023 . £3,009 p.a. to April 2029). and therefor8 this is shoTrAm as a
liability in the accounts.
16-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crltlcal a¢¢ountlng estlmates and Judgements
In the applicalion of the charltys accounting pollcies, the trustees arè required lo make judgements, estimates
and assumptions about the carying amount of assets and liabilities that are not readily apparent from other
sources. The esllmates and associated assumptions are based on historical experience and other factor5 that
ara consldered to be relevant. Actual results may drffer from these estimates.
Tha estimates and undedying assumptions are reviewéd on an ongolng basis. Revisions to accounting
estimates are recognised in the period in whi¢h the estimate Is rewsed where the revislon affects only that
period. or in the period of the revision and future perlods vthere the revision affects both current and future
periods.
Crftlcal ludgoments
The followtng judgements (apart from those involvlng estimates) have had the most significant effect on
amounts recognlsed in the financial statements.
Useful economlc Ilfe of tanglble flxed assets
The useful economic life of tangible fixed assets Is judged at the polnt of acquisition and revlevmd each
financlal reporting date. The judgement is based on the trustees knowledge of the industy in which tha charity
operat•s and of th• Indlvldval 88S8t8. A8 Standard, the useful economlc livos are applled as shown In note
Impalrni•nt of langlbl• flxad a88•ts
At each balance sheet date, the trustees undertake an assessment of the carrylng value of its tanglble fixed
assets based on their knowledge of the assèts to detemiine whether there is any indicatlon that the assets
have suffered an impairment loss. Whore necessary. an Impalmient charge Is recognised In the Statement of
Fwiancial Activities.
K•y •our¢•• of •8llmallon un￿rtaInty
The estlmates and assumptlons whlch have a signiflcant risk of causlng a materlal adjustment to the carrying
vlaue of assets and liabilities are as follows.
Impalrniant of trad• dabtors
At each balance sheet date, the trustees and their finance team undertake a review of outstanding debtor
b818nces and estimate whlch, rf any, should either be impaired or provided against. This calculation is based
on the financial position of the customers, the hislorfcal speed ol payment and any ongoSng dlscussions
b8tween the charlty and th8 Indlvldual debtor.
Incom• from donatlon* and legacl•s
Unrostrlcted Restrlcted
funds
funds
2024
2024
Total Unrestrlctèd Restricted
funds
funds
2023
2023
Total
2024
2023
Donatlong and glfts
3,190
18,682
21,872
17-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
In¢om• from Investments
Unrostrlcted Unrestrlcted
funds
funds
2024
2023
Rentsl income
Other Income
252,495
469
173.722
938
252,964
174,660
Incomo from charltabla actlvltl••
Unrostrlcted Rèstrfcted
funds
lunds
2024
2024
Total Unrostrlctod R•strlcted
funds
fund8
2023
2023
Total
2024
2023
S8rvices provlded under
contract
8,250
8.250
12.855
12,855
Sundry 8ervlces
Perfomiance related
grants
4,428
4,428
2.253
2,253
359.128
359,128
1,008
357,094
358.102
12,678
359.128
371,806
16.118
357,094
373,210
Oth•r In¢om•
Unrastrlctad Unr•8trlet•d
funds
funds
2024
2023
Insurance clalm
Management charges
64,704
18,029
16.800
82,733
16,800
18-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on ¢harltabla actlvltlas
2024
2023
Dlr•¢t co•ts
Staff costs
Rates
Insurance
Llght & heat
Cleaning, repairs & maintenance
Administration expenses
Programm8 Costs
Motor expenses
Travel & subsistence
IT & computer costs
Training & conferences
Sundry expenses
Irrecoverable VAT
Bank charges
Legal & professional
Other charitable expenditure
339,747
7,925
21,513
89,857
106,071
8,859
23,028
496
5,104
6,746
8.789
290.825
5,529
19,833
77.872
63.262
7,333
14.969
879
3,612
6,147
2,127
58,115
415
22,352
171
36,973
6,554
820
711.529
559,287
Shaf• of support and gov•rnanc• co8t• (#•• not• 9)
Support
Govemance
127,767
6,816
128,182
5,300
846,112
690,769
Analysls by fund
Unreslrict8d funds
Restricted funds
337.052
509,060
196,494
494,275
846,112
690,769
Net movement In funds
2024
2023
The net movement In funds is ststed after chargingl(cr8diting):
Fees payable for the audlt of the charitys financlal statements
Depreciation of owned tangible fixed assets
8.816
127.767
5.300
126.182
19-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support Costs allocatad to actlvltlos
2024
2023
Depreclation
Govemanc8 Costs
127,767
6,816
126.182
5,300
134,583
131,482
Analy$•d b•lween:
Charltable activities
134,583
131,482
10 Tru8t••8
None of the trustees (or any persons connected with them) received any remuneration during the year. arKI no
travel expenses were paid (2023.. Nil).
11 Employa•8
The average monthly number of employees during the year was:
2024
Numbor
2023
Nurnbor
Management
Office
Programme
14
12
Total
18
16
Employment
2024
2023
Wages and salaries
Social security costs
Other pension costs
314,979
18,624
6,144
265,430
20.056
5,339
339.747
290.825
There were no employees whose annual remuneration was more than £60.000.
-20-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Galn$ and los¥•s on Inv•$tm•nts
Unrestrfcted Unrastrlcted
funds
funds
2024
2023
Gainsl{losses) arising on:
Revaluailon of Investments
(1.175)
{1.875)
13 Taxallon
The charity Is exempt from taxation on its activities because all Its income Is applied for charitable purposes.
14 T•nglblo fixod a¥s•t•
Long
l•a8•hold
lfflpTov•m•nl•
Flxtur•s.
flttln98 &
•qulpfft•nt
Motor
v•hl¢l
Tot•1
Co•1
At 1 April 2023
Additions
6,288,834
507,734
7,997
14,836 6.811.404
7.997
At 31 March 2024
6,288.834
515,731
14,836 6,819,401
D•pr•elatlon and Impalrment
At 1 April 2023
DepreGiatlon charged In the year
1,438,446
126,093
507,697
1,599
14,535 1,960,678
75
127,767
At 31 March 2024
1,564.539
509.296
14,610 2,088,445
Carrylng amount
At 31 March 2024
4,724.295
6.435
226 4,730,956
At 31 Marth 2023
4,850.388
37
301 4,850,726
15 D•btorn
2024
2023
Amounts falling duo wlthln one year.
Trad8 debtors
151,47S
372.224
16 Currnnt a$8•t Inv•8tm•nts
2024
2023
Llsted investrnents
14.075
15,250
Current asset Investrnents are ststed at market value.
21

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Credltors: amounts falllng dua withln one year
2024
2023
Other taxatlon and social securlty
Payments rec8ived on account
Trdde creditors
Accruals and deferred income
12.893
25.575
269.715
10.970
4.914
15.993
17.437
131.491
319,153
169,835
18 Provl•lon8 for Ilabllltl•s
2024
2023
Not••
Retirement benefit obligations
19
7,351
14.251
7.351
14,251
19 R•tlr•ment beneflt scheme8
D•llned contrlbutlon 8ch•m•8
The charity operates a defined contrlbulion pension scheme lor all qualifylng employees. Tho assets of the
schem8 are held separately from thosè ol the charity in an independently admlnistered fund.
The charge b profit or loss In respect of defined contrlbution schemes was £6,144 (2023- £5,339).
D￿ned benefit 8ch•m•8
City of Bradford YMCA participated in a contrfbutory pension plan providing defined benefits based on final
pensionable pay for employees of YMCA'S in England, Scotland and Wales. The assets of the YMCA Pension
Plan are held separately from those of Clty ol Bradford YMCA and at the year end these were Inv8Sted in the
Mercer Dynamlc De-rlsklng Solutlon, 65% matching portfollo and 35% In the growih portfolio and Schroder
(propety units only).
V81uatlon
The most recent completed three year valuatlon was 1 May 2023, The assumptlons used whlch have the
most slgnificant effect on the results of lh8 valuation ar8 those relating lo the assumed rates ol r8tum on
assets 4.560/0, the increase in pensions in payment of 3.180A (for RPI capped at 5% per annum), and the
average life expèctancy from nomial retiremenl age (of 65) for a current male pensioner of 21.5 years. female
24.0 years, and 23.1 years for male pensioners, female 25.7 years, retiring in 20 years time. The result of the
valuation showed ihat the actuarial value of the 05set was £103.1 m. This represented 92% of the benefits
that had accrued to members.
The plan's actuary has advised that it is not possible to separately identify the assets and liabllitles relatlng to
City of Bradford YMCA, and accordingly the pension deficit is not shown In the Balanc8 Sheet.The pension
plan was closed to new member5 and fvture service accrual with effect from 30 April 2007. With the removal
of Ihe salary linkage for benefits all employed deferred members became deferred members as from 1 May
2011.
The valuation prepar8 at 1 May 2023 showed that Ihe YMCA pension plan had a total d8ficit of £9.1 million
and City of Bradford YMCA has been adwsed that it wll need to make monthly contributions of £209 from 1
May 2024. This amount Is based on the current actuarial assumptions (as outlined above) and may vary in
the future as a r8suIt of actual perfomance of the pension plan The current recovery period is 3 years
Commencing 1 May 2024.
-22-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Retirement benefit schemes
(Continued)
2024
2023
Repayable:
Within one year
1-2year5
2-5years
After 5 years
2,505
2.378
2.260
208
3.008
2.375
7.125
1.743
Total due
7,351
14,251
The annual repayments and total liabS11ty have been discounted by a factor of 5.3% (2023 - 30A> In line wlth
YMCA England recommendatlons.
In 8ddition, City of Bradford YMCA may over time have liabilities in the ev8nl of the non-payment by other
participating YMCA'S of their share of th8 p8n8lon Plan deficit. It Is not posslble to currently quantify the
potential amount that City ol Bradford YMCA maybe called upon to pay in the future.
20 Analysls of n•t a88•ts b•tw••n funds
Unr•8trleted
funds
Restrlcted
fund•
Total
2024
2024
2024
At 31 March 2024:
Tangible assets
Current assetsl(liabilities)
Provisions and pensions
158,430
408,378
(7,351 }
4.572,526
149,167
4.730,958
557,545
(7.351)
559,457
4.721,693
5,281,150
Unrostrlcled
funds
Réstrlcted
funds
Total
2023
2023
2023
At 31 March 2023:
Tangible assets
Current assetsl(liabilities)
Provisions and pensions
150,432
407.058
(14,2511
4,700,294
152.649
4.850,726
559,707
{14.251)
543,239
4.852.943
5.396.182
-23-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Flnanclal commitments• guarantees and contingent Ilabllltles
The charrty opèrat8s frorn the Culture Fuslon 8ulldlng. the capital cost ol whlch was funded by a grant of £5
million from myspace grant scheme (administered by the Big Lottery Fund) and Co-location funding. The Big
Lottery Fund have a legal charge dated 28 October 2011 against the buildlng as security for this grant. Thè
legal charge remains in place for a period of 20 years from October 2011 and is enforceable should the charity
breach th8 ternis of the grant. The main conditions relate to a significant change of use, purpose or ownership
of th8 building and slnce there is no Intentlon by the trustees to breach these condltions, no Ilability has been
provided for In these accounts.
There Is a lease in place with cty of Bradford MDC for o¢¢upallon of th8 Site. at a p8pp8rcom annual rent of
£1 for a period of 999 years.
-24-

CITY OF BRADFORDY.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2024
22 RMtrf¢l•d fund•
Th• Inwme lundi of th• chwrtty Include ro8thcled fundi comprlilng th• I￿1￿1va urnxpendod balan￿1 of donalon8 8nd giants hold on tru81 f(x1￿C￿¢ wrposo1.'
￿￿•￿￿*￿1 In fund•
Mov•m•Tht In
R•idur¢••
nc•4t
IncoMln•
•zpMd•d 1 Aprfl 2023 r•*0￿¢
A•••ur¢••
1 *•1112022
31 IQ24
Cuiwre Fusk)n 8ultdlng
ulldlng Capablli1I88
TNBt•d Rolallonshlp8 Grant
Sundry omall grnnl•
G￿8 Brndlord Manlht Wditsnhome Fund
IYS
Em••t CookTwsl
Dougl&N Wry)d Tru¥l
Co-oper8l¥o Foun¢JallM I W511 Prolacl
Groundwtyko for s￿Ing FutureB
Clty ol 8r8dford
Yi Glrfs
W•61 yo￿h1r• Mayor8 Soler CcfflmunM81 Fund
Banaf8CI Tft*l
FamllyAide
Clty o18radfNd Yoth Servlc8
Clty of 8rBdfcffjd Couns8Ulng so￿¢￿
HAF
Greon Communtt￿l Prol8c¢
BEES donalon
4,826,37S
5,002
0,800
1126,0811 4.700,294
15,6021
131,5831
1127,7681 4,572.5
24,783
2.270
12,2701
14,7031
1161,8581
10,000
98,780
1S,CpJO
15,2971
1115,2381
Iis,0001
115,0001
137,9321
17,7291
13S,8461
4.703
18,458
175,6S8
13,800
56,202
39,fr)0
41,202
38,056
141,2021
138,e801
34,988
7,729
39,101
40,S21
2,824
18,887
10,I¥JO
22.142
39,700
28,827
19,Sl¥J
12,3061
136,1241
48,683
23,076
18,CpJOI
122.0001
160,3461
22.000
60,192
9,WO
8.846
56,100
1.264
4,6S2
4.147
64,180
18,682
161,5831
11,2641
14.5521
14,1471
122,5931
3,353
41,593
18,682
4,990,124
357,094
1494,2751 4,852,943
377,810
1509,CfjOI 4,721,693

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 R••trlet•d fvnd•
Culiur• Fu•lon Bulldlng Fund.. the capii•l bulkling couls lund•d by my plo¢8 grnnt ieh•m• Ind COthltrAlon fvnding.
BEES ￿￿t. comblning youlh-focused progr&mmo1 wllh wld•r comrnvnity ongagemont and dollv8rs pr8dul yd0¢ts 8¢rog1 8f•dfryl D￿11￿1 Indudlng
$kllls 8nd managem8nt of wlldiifè r888Th&8, enabllng and insplring P80ple lo mak8 a posillwo contribut￿n lo Ihelr local envlronmenl.
F•mllh• Flr•t- Int•nslv• Youth Support IIYSI -P8rt of a VCS partn8rshlp18d by Bamodo'5. Brndford Council comm1851oned a keywotherfor vuln•rablo famllles IMThJ
In 8r4dford & Dl$iricl th41 mo•1 lh• natlonhl'TrwN0d F8mlll•$' ¢rlt•ria (Daff￿$ in Bradfard.. F8milio$ Flrsii •nd Ihw locally SÈI crilerla, Th1$ ￿￿1¢+ Is lod by 8amardo's
plrtnernhlp wlth 8r8th8y- J.A.M.E,S- YMCA And proMd•$ kty w¢rk •upport Ihieugh &'Thlnk Famlly Modol;, wlth workèr, oni lamlly, on• pl8n. YMCA do1[￿rn In
Ihrne lecallty 8re88, B￿d10rd E881. Souih gnd Wosl.
O¢y#l•# Wood Tru•1 . Supportlng th& r8¢0v¢ry from th• CovKI-19 pind•mlG maklng oul&)or gP•¢¢ w811•b￿ f¢r lh8 pmllbn 01 the •du￿b¢0 tr41nlng •nd
lrnprovlng emotlonal health 8nd well belng.
CO￿p•TallY• Found•llon ¥lwlll'. P•er.to.p•&r m•ntodno Ind q¢lbn to imprty• ￿lI￿Ing durlng lh• frcAn P￿M*ry to Mwndlry $¢ho¢4.
Ys Glrl• . Commnlty18d m•ntarfng lthill91￿0. Th• towi olthe progmmm• li for Volunt88r Mentorn lo work wKh glrta 898d 8- 14 yoèr8 to Inwlre tham and lo wppcyt
Ihern lo Ihrlve.
W••t Yovk8hlr• Miyorn S*f•r Communltl•• Fund- Malth fundlt)g lowardi Iha Y8 Glrfs Youlh Monto￿lYd PfoJramm¢.
Glv• 8radlord IM•nJlt Wol•t•Thhom•l- Supportlng o new Sh8plng FuturoB NEET Programme worklng whh young peo￿0 outslde ol moln8tr08rn educollon provldkng
m•ntodno and Social 8clion projects.
ErnMI Cook Tvu•t. m•i¢h fvndlno Ind ￿tdoor L•arnlNJ Offj¢•rwortlng lo h•lp young ￿0P1a l•m lai￿n9 ¢onn•¢tloMwNh ts n&tur•l In￿ronM￿l.
F•mlfy Ald•- Part of a VCS partnarshlp led by Bamado'&, 8radford Counc41 commlulonod • FarnllyAd• ••Nlco lo provkl• Thanda on 8upwt' to lamb1￿• lo ¢ompknt•
rgaled plets8 of w¢rk lar f•mili•$ In •xW8 na8d ol$upport.
Gr••nlnq Communltl•B- Nolicfial Lottery Communlty Fund grant towards Iha delhory olcomrnunty ba88d erwlronm•nt81 and wollbelng progr8n￿￿￿.
8EES Don•tlon - Donatlon r•c•lv•d on the do¥ure o18r8dfoTd En￿rOnment￿ Aclbn Group. a chwrlty W¢￿Ing I0%¥a￿S a h•allhy and sustslnablo an￿ronM￿l. whlch
Improvm Ihe quallty of lor woplo In th• Bradford Dlthct.
.26-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
23 Operatlng lease eommltments
At the reporting end date the charity had outstandlng commitments for future minimum lease payments under
non-¢ancellable operating leases, which fall du8 as follows..
2024
2023
Within one year
320
24 Cash gongrated fron￿(ab80￿)•d by) opèratlons
2024
2023
Def￿1 for the year
(117,912)
{127.774)
AdJu•tm•nt• for:
Investment Income recognised in statement of flnanclal actlvltles
Fair valu8 gains and losses on investments
Depreciation and Impaimenl of tanglble flxed assets
Dlfference between penslon charge and cash contrlbutions
(252,964>
1,175
127,768
(4,020)
(174.860>
1.675
126.182
(4.475>
Mov•m•nts In worklng caplt•l:
Decreasellincrease) in debtors
Increas8 in creditors
220.748
149.318
(128,498)
44,508
C*8h g•n•rat•d froml{•b•orb•d by) op•ratlon•
124.113
<263,042)
25 R•lat•d p•rty trnn#*etlon8
R•muneratlon of k•y manag•m•nt personnel
The remuneratlon of key management personnel Is as follows.
2024
2023
Aggrogat6 compensation
44.109
42,003
26 Analysls of changes in nel funds
The charity had no material debt durlng the year.
-27-

CITY OF BRADFORD Y.M.C.A.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
27 Prlor period adjustment
Changes to th• balance sh••1
At 31 March 2023
As prevlously Adjustrnént
rèported
As restal•d
Cr•dltora du• wlthln on• ￿Or
Other creditors
{117,982)
(46,939)
(164.921)
Capltal funds
Income funds
Rèstricted funds
Unreslrlcted funds
4,852,943
590,178
4,852,943
543,239
(46.939)
Total oqulty
5,443,121
(46.939)
5,396,182
Th8 prlor perlod adjustment relat8S to an under provlslon of utility Costs.
Change8 to tho proflt and Ios8 account
Perlod •nd•d 31 March 2023
A• pr•vlou8ly Adlustm•nl
A8 r•stst•d
r•port•d
Charltable adivities
643,830
46,939
690.769
Net movement in funds
(83,419)
(46,939)
(130.358)
-28-