CITY OF BRADFORD Y.M.C. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 laARCH 2025 Company Registratlon No. 02995811 (England and Walos) Charlty Registratlon No. 1045373 CITY OF BRADFORD Y.M.C.A. CONTENTS Page Trustees, report Independent auditorfs report statemenl of financial activities 10 Balance Sheet 11 Statement of cash flows 12 Notes to th8 financial statemenis 13-26 CITY OF BRADFORD Y.M.C.A. LEGALAND ADMINISTRATIVE INFORMATION Trustees Pastor J Adereti Mrs K J Smith Mr R G Clark Mrs A Lakes MrsCJEMuri8 (Appointed 24 May 2024) (R8Sign8d 24 May 2024) Secrelary Miss LAshworth Chair Porson Mr R G Clark Charlty number 1045373 Company number 02995811 Prlnclpal address Culture Fuslon Bullding 125 Thornton Road Bradford West Yorkshlre BD12EP Rog161orod offlce Culture Fusion Bullding 125 Thornton Road Bradford West YoTkshir8 8D12EP Audltor Champion Accountanis LLP 1 Worsley Court High Street Wotsley Manchester M28 3NJ Bankers Unity Trust Bank plc Nine Brindley Place Birmingham 812HB CITY OF BRADFORD Y.M.C.A. TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financlal statements for the year 8nd8d 31 March 2025. The financial statements have been prepared in accordance wlth the accounting policies set out in note 1 to ihe financial stat8m8nts and comply with th8 charitys goveming document. the Companies Act 2006. FRS 102 "Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charrties SORP 'Accounting and Reporting by Charitles,. Statement of Re¢ommerKled Pfactice applicable to charities preparing their accoun15 in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 102)" Objectlves and actlvltles The charity is part of a worldwlde. InclusNe Christian movement which stands for. A worldwide fellowship based on the equal value of all persons. Respect and freedom for all. Tolerance and understanding beiween people of different opinions. Active concarn for the needs of the community, and a united efftirt by Christians of drfferent traditions. The charlty works wlth people of other religious faiths and those of none to transfonn communitles so that all young p8opI8 can Iruly belong, Contribute and thrive. Our misslon Is to help children and young people Ilve happier, more fulfilled and successful lives. worklng both with them and partners to improv8 inclusion and cohesion across our home dty of Bfadford. Strategic Objectives Thè organisalion Is continulng lo work towafds the five-year Strateglc Obj8cttves reviewed in 2023: Increasing our Impact - making sure that year on year we ￿1[ change and enhance more lives with a focus on young people Extending our Influenc* - Ensuring we have an influence over our future as an organlsatlon and the serrfice our communities recdve. Working Together Better- to b8com8 the most effective organisation we can be. Sustalnablllty - creating a solid financral foundation that will support the future dov61opment and growth of the organisalion. Public Boneflt . In planning activities to meet the aims and mission of the charlty. the Directors havè given careful consideration to the Charity Commission's general guldance on Public Benefit. The charitys primary purpose is to provide services, support and activities to children and young people. and especially to those who are most in need. This contributes both directly and irKlirectly to the public good, Improving the wellbelng and prospecls of the young p8ople themselves, while benefiting th8 wider (x)mmunities as young people become more actlve citizens and themselves Contribuie to community life. The activities undertaken in order to achieve this indude: Provlding infomal education and training opportunities, such as personal development and life-skills programmes leading to formal accreditation. These are parti(yJlarfy targeted at ihose not in employment. education or training. Helping young people lo partÉopat8 fully in their communities, for example through volunteering actiwty and projects which improve the local environment. Helping young people to avoid 8xploitalion and crime. by engaging Ihose in positive, socially inclusive activities and building Confidence and ￿SlI1en￿. Offering ouldoor leaming and environmental opportunities - such as the wildlife and conservation activity managed through our BEES environmental departmenL CITY OF BRADFORD Y.M.C.A. TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achlevemenls and porforniance This pasl y8ar has r8mained challenging for many. with the ongoing inflationary pressures and rising cost of living impacting those we seek to SUPPDrt the need for our services remains high. Our focus since the pandemic has been on ensuring financial viability to 8n8ble us to respond lo th8 n88ds of the chlldren. young people. families and community we serve through our programme of activity. Through successful manging finances through this challenglng pericmd we have been able to both continue and expand our work to reach more people and achieve a real difference in their lives through our broad range of programmes. Chlldren, Young People and Famllles Programmes Family work increased throughout the pandemic as we responded to the local needs in a hollstlc vthol8 family approach. This year saw our work with famili8s continue to increase through both our Supporting Families and Family Alde programm8s with the addition of an additional Supporting Families Keywork8r rol8. In 202&¥25 we supported 121 families Includlng 304 children thiough a k8yworker model providing targeted earty help to support families overcome challenges such as school attendarKe and education. housing, 8mployabllity, mental and physical health. We supported a further 91 familie8 including 200 children through our Family Aide work by providing hands on praclical support to families who already have a lead practitioner. Youth programm•8 With thanks to the tlme and dedicatlon of our volunteer mentors, 20 girls a year received one2one menlorlng support through th8 national Y's Girfs programme. The programme supports glrls aged ￿14 who are at risk of developing mild to moderate mental health difficulties by engaging them in a range of positive youlh activities and on82one mentoring. Our gender-based work has been further supported by our youth group activities and development of 8 youth ambassador programme. In addition to this we have recently expanded our work to include targeted group work support in schoo18 meanlng we can extend our reach to support more glrls and young women. Shaping Futures Fundlng enabled us to extend this model to 22 young p80ple who were not in full tlme education, trainlng or employment (NEET) providing social acllon opportunities aimed at building skllls and confidence to help them re-enter education, employment or training. Our young people's counselling service 8UPPOrted 18 young people by providlng weekly therapeutlc support by a trained counsellor. Th8 service ran for 12 mnths and was wound down in March 2025 due to funding cuis 8nd the seNlce no longer being commissioned. Bradford Envlronmental Educatlon Services (BEES) Thls year marked th8 first full year of delivery of our Greening Communities programme funded through the National Lottery Community Foundation. Greening Communities development has been led by participants on our BEES programmes recognising the addittonal impact outdoor environmental activities and conn8Cting with nature have on their health and wellbeing. Aongside this are skllls development opportunlties and climale chang8 initiatlves helping to support healthy cornrnunities through improving the natural environment. Shaping Spaces wellbeing programmes was d8V8loped wlth the aim of getting people out into open green spac8s, leam mindfulness tethniques, enjoy wildlrfe and meet new P80ple. The programme is d8sign8d lo help individuals overcome barriers lo inclusion. Improve mental health and promote positrve thinking by connecting with natural green spaces and wildlrfe. In year on8 the programme support 20 paople to engage in weekly sesslons and activilies conn8Ct8d to nature. Shaping Futures helps Servi￿ users to feel more moliva18d and in control, give them a sense of progress, achievement. and skill d8V8lopm8nt. improve Ihelr wellbeing, increase th8ir levels of self-8Steemlconfiden¢e and raise their aspirations for the future. This was d81ivered through both Shaplng Futures and conserva￿On volunteering sessions attended by 43 people over the first year. Climate Chang8 iniliatJves. Over the first year of the grant Ihere were 943 community engagements with climate change Initiatives across through our Greening Communities programme, Led by the interests of service5 Users and local community needs we focused on four key initiatives supporting peop18 to lake positive climate action. These initiatiV8s We￿ wildlife field visits, apple and fruit growing, recyding and tree planting. Climate Chang8 initiatlves helped connect service users to other like-minded people. In¢￿ase their knowledge of local dlmate chang8 issues and empow8red them to act for the benefrt of our communFty and environment. CITY OF BRADFORD Y.M.C.A. TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 YMCA Culturn Fuslon Our strategy to manag8 the increased costs of operation has been to maxrmise occupatFon Income and reduce energy costs through reduced energy consumption and irnproved efficiencies to 8nsur8 the Centre remains viabl8. In early 2025 we compl8ted a major upgrade programme replacing all non LED lighting Ihroughout the YMCA Culture Fusion Building with LED energy efficient I￿hting. The works were complated thanks to a grant from The VCSE Energy Efficlency Scheme vthich was launched in 2023 to help voluntary, community, and social enterprise (VCSE) organisations in England improve their energy efficiency. LED lighting uses less than 80Yo of energy compared to th8 Standard Incandesc8nt bulb. Th8 Improvements are 8Stimated to bring about an annual reduction In energy use of 30,349.22kWh which represents a carbon saving of approx. 5 tonnes per year. In addition to this we should s88 a cost saving on energy bills which ￿11 help with ensuring tha building is cost efficient and sustainable for the fuiure. The Centre continu85 to operate as a multi partner hub spannlng ￿mMunIty, health and educatlon sectors. Culture Fuslon represents a non territorial safe space in the Ctty Centre whlch is the base for many servlces and activities comprising NHS Early Intervention servlce. Focus Autism Support, New Choices, Youth Services, Bra(fford Nightstop and Bradford College. Flnanclal r•viow The r•sults for the year show a surplus of £10,922 (2024: £117.912 defidt) before pension scheme obligatlon movements. There is a defidt on the defined benefit penslon scheme obligatTron of £748 (2024: surplus £2,880) and the net surplus on funds of £10.174 {2024 £115,032 deficii) has been added to the balanc88 brought forward. Total funds of £5,291,324 (2024.. £5,281,150) hav8 been carrled forward to next year. These comprlse unregtricted funds of £682,435 {2024: £559,457) and restrlcted funds of £4,608.889 (2024: £4,721,693). The Irust88s continue to source new funding and keep close control over expendlture. They have started the new financlal year In a stable position due to increased income from licence agreements and are Starting the lender process to renew two larger grant funded projects. They hav8 prepared forecasts to 31 October 2026 whlch have been flex8d to conslder the effect of not being successful in the funding bids, and are confidenl that the charlty can continue to operate as a golng concem based on their projecttons. The reserves pollcy was revlewed in 2022123 taking into account inflationary pressures and Increas8d 8n8rgy costs. It is the policy of the charity thal unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least three month's budgeted expenditure which amounts to £300,000. The trustees considers that reserves at this level ensure that, in the event of a significant drop in funding, they wlll be able to continue the chariVs current activities while consideration is given to ways in which additional funds may be raised. This18vel of reserves has been mainlained throughout the year. A restricted reserve has be8n cr8ated for the express purpos8 of compensating the depreciation on the Culture Fusion building, the 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 property is being depreciated over a 50 year p8ri0d. Th8 YMCA has undertaken an ethical stance on th8 type of investments that are held. CITY OF BRADFORD Y.M.C.A. TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Board has in plac8 a risk management process to assess business risks and Implement risk management strategles. This involves identifying the types of risks the charity faces. priorttising th8m in t8nns of potential impact arKJ likelihood of occurrence, and identifying means of managing the rksks. The princlple risks and uncertainties are loss of regular funding from beneficiary bodies and organisations. As a govemance issue, a decline in confK18nc8 in being able to provlde expect8d18vels of servlce by partners would pr8sent an identiflable rfsk. This is counteracted by the provislon of regular reviews of incom8 and funding Including dialogu8 With beneficiary bodies on an ongoirvJ basis. Such ongolng dialogue is also used to highlight any potential problems with programmes at an operational lev81 and ther8by att8mpt to minimise the risk of competition from similar local organisations to wn exists'ng programmes. Operations are sourced without bank overdraft and loan facilities and thereby ellminating a large area of financial risk. Other Pollcles Th8 City of Bradford YMCA has implemented a number of detsiled pollcl8s In relation to personnel and other matters. Thes8 include Equal Opportunities and Diversity, Health & Safety, Safeguarding Children & Young People and has re￿ntlY undertaken a Se¢b'on 11 Safeguarding SeM-Ass8ssm8nt. Full details of these and other policies are available at the charitys r8gister8d office. Gov•rnanco Costs Govemance costs are th8 costs associated with the governance arrangements of the Charlty whlch relate to ihe general runnlng of the Charity as opposed lo those costs associated with fundralslng or charitable activity. Included within this category are costs a&sociat8d with the strateglc as opposed to the day-to-day management of the ChariW5 activitles. Deta518 of the actual govemance costs Incurred are induded in Note 10 to the accounts. Plan8 for the future Our development strategy 2023 reviewed post pandernic r8mains relevant to our alms now: YMCA Bradford alms to',- Continue to develop our children, young people and famlly programmes in response to emerging needs and cost of living crisis. ensuring that the YMCA Mission remains at the forefront of our work. Implement a funding strategy to support our ongoing Youth Programmes. Develop our BEES Environmental programmes including exploring opportunities to utilise outdoDr green spaces for the benefit of emotional health and well-being including loneliness and social isolation. Review Ihe buslness model of YMCA Culture Fusion consklerlng long term rJ)n5umer behaviours relating to office use and m8eting spac8S. Explore capitsl Improvements to our premises and company v8hicl8 to r8duc8 ongoing runnlng costs and improve our environmentsl impact. . Develop new partnerships and opportuniti8S to further the work of the YMCA. The Board recognise the continued challenges of the last 12 mnths operating in a continued difficult economic environment. Through robust risk management of energy consumption alongside income maximisation the YMCA has been able to mitigate the impact of increased costs and ￿ntinUe to expand our programm8s of support d81ivering the YMCA'S Mission. It is the Boards belief that due to the actions taken along with ils financial reserves the Charity remains a going concern. CITY OF BRADFORD Y.M.C.A. TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 structure, govemanc• and management City of Bradford YMCA was founded on 1 June 1857 and was incorporaled by guaranlee on 29 November 1994. It has no share capital and is a registered charfty. The goveming document is the Memorandum and Articles of Assodatlon of Ihe company and members of th8 Board of Trust88s ar8 Directors of th8 company. The guarantee of each member is limited to £1. Clty of Bradft)rd YMCA is an independent association but ts linked to the YMCA Movement in England by means of afflliation. The business of the charity is gov8med by th8 Board of Directors which comprises a maximum of 15 P8op18. who tog8th8r ar8 r8sponsibl8 for the strategic direction and oversight of the management of all the affairs of the charity. The trustees, who are a150 the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial stat8m8ntS W8r8: Pastor J Aderetl Mrs C J E Murle Mrs K J Smlth Mr R G Clark Mrs A Lakes (Resigned 24 May 2024) (Appdnted 24 May 2024) The r8cruilm8nt and appointm8nt of new directors is18d by the Board of Directors, whlch identifies Ihe skills, experience and knowledge required from new directors by considering the colle¢tlve skill profile of th8 current Board. Potential candidates are recommended for consideration by Board directors and 8ppointed by resolution at a meeting of the Board. Upon appointment each director signs a code of conduct and completes a register of Interests. New dlrectors are gSven an inductlon pack which indud8S the charitys gov8ming document as well as relevant strategic and operational documents. Through a meeting with the Chair and Senior Manager they are briefed on th8ir responsibilitl8s and obligations and provKled with relevant Charity Commlssion guidance and documentalion. The board meets at least four Imes a year and delegate the day to day manag8m8nt of th6 Clty of Bradford YMCA to the CEO, Leanne Ashworth. The delegation of financial authority to the senior staff, wlth specified limits imposed within a written scheme of delegatton, continues as before. Central Support servic8s such as Business Development, Managem8nt Accounts, Finance, HR and Health and Safety are delivered through a Service Level Agreement with Fyld8 Coast YMCA wh￿h the Board reviews annually. Staff salaries are revlewed annually against industry standards and affordabilty, cost of Ilvlng awards ar8 approved by th8 Board of Directors by the 1st April each year. Th8 directors ar8 satisf￿1 that appropriat8 Fyotection, systems and checks remain in pla(x in order to mitigate exposure to major risk, with the risks to vthich the charty is exposed being reviewed on an ongoing basis. stalement of trustees. respon51bllllles The trustees, who are also the directors of Cty of Bradford Y.M.CA. for th8 purpose of company law. ar8 r8sponsible for preparing the Trustees, Report and the financial statements in accordance with appllcable law and Uniied Kingdom Accounting Standar(Is (United Kingdom Genera15y Accepted Accounting Practic8). Audltor In accordance with Ihe companys artides. a r8solutK)n proposing that Champion knountants LLP bg reappointed as auditor of the company will be put at a General Meeting. Disclosure of inforniation to audltor Each of the trustees has confirmed that Ihere is no infonv)ation of whtch they are aware which is relevant to th8 audit. but of which the auditor is unaware. They have further Confir1T￿ that they have taken appropriale step5 to identify such relevant information and to establish that the auditor is aware of such information. CITY OF BRADFORD Y.M.C.A. TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, report was approved by the Board of Trustèes. Mr R G Clark Trustee Dated.. CITY OF BRADFORD Y.M.C.A. INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CITY OF BRADFORD Y.M.CA. Oplnion We hav8 8udit8d the financial statements of Cty of Bradford Y.M.C.A. (th8 'thantY) for th8 year ended 31 March 2025 which comprise the siatement of financial activrties, the balance sheet, the statement of cash flows and not8S to the financial statements, including significant acwunting policies. The financial repo[￿ng framework Ihal has baen applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial. Reporting Standard 102 The Financial R8POrting Standard applicable in the UK and Republlc of Ireland (Unlted Kingdom Generally Accepted Accounting Practi￿). In our opinlon, the financial stat8m8nts'. give a true and falr view of the state of the charitable companys affairs as at 31 March 2025 and of Its incomlng resourc8s and application of resources. Indudlng its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and hav8 been prepared In accordance with the requirements of the CompanTres Act 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards ar8 furth8r d8scribed in the Auditoffs responsibilities for the audit of Ihe fin8na'81 statements section of our report. We are indep8ndent of the charity In accordance with the ethical requirements that are r81evant to our audit of the financial statemenis in the UK, including the FRC'S Ethic81 standard, and we have fvSfilled our other ethlcal responsibilities in accordance with these requirements. We believe that Ihe audit evidence we have obtalned is sufficient and appropriatè to provide a basis for our oplnlon. Concluslons relatlng to golng concam In audlting the financial Statements, we have conduded that the trustees. use of the golng concem basls of accountlng In the preparation of th8 financial statements is appropriate. 8as8d on the V￿rk we have perfomied, we have nol identified any materi81 uncertainties relating to events or conditions that, indlvldually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the finanaal statements are authorised for issue. Our r8sponsibiliiies and the responslbillties of the trustees with respect to going concem are descrlbed in the relevant sections of this report. other Informatlon The other Infomiation comprises the Informa￿on included In the annual report other than the financial st8l8ments and our auditorfs r8POrt thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to Ihe extent oth8rwis8 explicitly stated in our reporL we do not express any fomi of assuran￿ conclusion thereon. Our responsibility is to read the other inforynation and, in doing so. consider whether Ihe other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears lo be materfally misstated. If we identfy such material inconsislencies or appar8nl malorial misstatèments, we ar8 required to determin8 whether this gives rise lo a material misststemenl in the financial statements themselves. If, based on the work we have performed, w8 conclude ihat fhere is a material misstatement of this other information, wo are r8quired to report that fact. We have nothing to report in this r8gard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion. based on the work undertaken in th8 course of our audit: the informaiion given in the truslees. report for the financial year for which th@ financial stal8m8nts ar8 prepared, which includes the directors, report prepared for the purposes of company law, is consistent with Uie financial 5tatements.' and the directors, report induded within the trustees, report has been prepared In accordance wilh 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.A. Mattors on whi¢h we are requlred to report by exceptlon In th8 light of the knowledge and understanding of the charity and Its environment obtained in th8 course of the audit, have not identif￿d material misstatements in th8 dir8Ctors' report Induded within the trustees, report. We have nothing to r8POrt In respect of th8 following matters in relation to which the Companies Act 2006 requlres us to report lo you if, in our opinlon.. 8dequate accounting records have nol been kept, or retums adequate for our audit have not been receiv8d from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns: or certain dlsclosures of trustees. remuneration specffied by law are not made; or we have not recelved all the Infonnation and explanations w8 require for our audit; or the Iruslees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantsge of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. R8sponsibillties of trustees As 8xplain8d more fully in the statement of trustees, responslblllties. the trustees, who are also the dlrectors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for belng satSsfied that th8y give a true and fair wew, and for such internal control as the trustees detem)Ine Is necessary to enable the preparation of financlal stal8ments that are I￿e from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing th8 charity's ability to continue as a going concern. disclosing, as applicab18, matt8rs related to golng concern and usin9 the going concern basis of accounting unless the trustees eilher intend to liquidate the charitable company or to ceas6 operations, or have no realistic alt8rnalive but to do so. Audltor's responsibilitles for the audlt of the flnanclal statements Our oble¢tlves are to obtain reasonable assuranc8 about whether the financial statements as a who18 are free from material misstatemenl, whether due to fraud or error, and to Issue an audilorfs report that includes our oplnlon. Reasonable assurance is a high level ol assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always deteci a material mlsstatement when il exists. Misstatements can arise from fraud or error and are considered materlal if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stat8m8nts. The extent to which our procedures are capable of delecting irregularities, including fraud, Is detsiled below. As part of our plarsning process: we enqulred of management the systems and controls the company has in place, the areas of the finand81 statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known. suspected or alleged fraud. Managemenl did not inform us of any knolvn, suspect8d or alleged fraud. W8 obtained an understanding of the legal and regulatory frameworks applicable to Ihe company. We delermined that the following were mosl relevant Charities SORP FRS 102, and the Companies Act 2006. We considered the incentives and opportunities that exist in the company, including Ihe extent of management bias, which present a potential for irr8gularitl8s and fraud lo be perpetrated, and tailored our risk assessment accordirHJly. Using our knowledg8 of th8 company. together with the discussions held wilh management at the planning stage, we formed a condusion on the risk of mlssiatement due to irregularities including fraud. and tailored our procedures according to this risk assessmenL 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 procedures V￿ undertook to deted irregularities indLKling fraud during the course of the audll included: - Id8ntifying and testing joumal 8ntri8s in the overall acujuntlng records. in particular those that were significant and unusual. Reviewing thè financlal statement disdosures and determining whether accounting polici8s hav8 been appropriately applied. Reviewing and cha118nging th8 assumptions and judgements used by management In thelr sSgnlficant accounting estimates, in particular in relation to investment property valuatFons and recoverability of debts. - Assassing the extent of complIan￿ with the relevant laws and regulations. - Testing key r8venu8 Streams, in particular grant incom8. for &￿enCe of managemenl bias. - Obtaining third party confimation of material bank balances. Documenung and verifylng all significant related party balances and transactions. There are inherent limitations in our audit procedures described above. The moro romovad that laws and regulatlons a￿ frorn financial transactions. th8 less likèly it is that w8 would b8com8 aware of non-compllance. Auditing standards also Ilmlt the audlt procedures requlred to identtfy non-compliance with laws and regulations to enquiry of the directors and 0th8r managem8nt, and the inspection of regulalory and legal correspondence. Material misstatements that arise due to fraud can b8 harder to detect than those that arise from error as they may involv8 dellberate concealment or collusion. A further descrfptlon of our responsibilitles is avallable on the Financial Reporting Council's website al: https'.11 www.frc.org.uklaudltorsresponslbllities. This description fonns part of our auditorfs report. Ug0 of our r•port This rèport is made solely to the charitable compan￿8 memb8rs. as a body, In accordance wlth Chapter 3 of Part 16 of the Companies Acl 2006. Our audit work has been undertaken so that we mwJht state to Ihe chariiable company's members those matters we are required to state to them in an audltor's reporl and for r*0 olher purpose. To the fullest extent permilted by law, we do not accept or 8ssum8 responsibility to anyone 0th8r than tha charitable company and tha chariiable company's rnembers as a body, for our audit work, for this report, or for ihe opinions we have fomied. Deborah Thom FCA (Senlor Statutory Audltor) For and on behalf of Champion Accountants LLP, Statutory Auditor Chart8red Accountants 1 Worsley Court High Street Worsley Manchesl6r M28 3NJ ..ii....i.i...a.s CITY OF BRADFORD Y.M.C.A. STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrtcted Restrktsd funds fund$ 2025 2025 Total Unrestricted Restrfcted funds funds 2024 2024 Total 2025 2024 Notes Incoma and endowments from: Donatlons and legacies Charitable adlvities Investments Other Incom8 3,845 15.046 339,036 24.043 3,845 500,284 339,036 24,043 3,190 12.678 252,964 82,733 18,682 359.128 21,872 371,806 252,964 82,733 485.238 Total income 381,970 485,238 867,208 351,565 377,810 729,375 Expendlturo on: Charitable activiti8S 259.719 598,042 857,761 337,052 509,060 846.112 Total expendlturn 259.719 598.042 857,761 337,052 509,060 846.112 Net gainsl(Ioss8s) on investments 12 1.475 1.475 (1,175) (1,175} Net Incomo1(expendlturo) 123,726 (112,804) 10.922 13,338 {131,250) (117,912) Other recognlsed galn8 and los$89: Actuarlal galnsl(Ioss8s) on defined benefit pension schemes (748) (748) 2,880 2,880 Ngt movamont in funds 122,978 (112.804) 10,174 16,218 (181.250) (115,032) Reconclllatlon of funds: Fund balances at 1 April 2024 559,457 4.721.693 5,281.150 543,239 4,852.943 5,396,182 Fund balances at 31 March 2025 682,435 4,608.889 5.291.324 559.457 4,721,693 5,281,150 The ststement of financial activities includes all gain5 and losses recognised In the year. All income and expenditure derive from contlnuing activilles. 10- CITY OF BRADFORD Y.M.C.A. BALANCE SHEET ASAT 31 MARCH 2025 2025 2024 Notes Flxed assets Tangible ass8ts 14 4.608,566 4.730,956 Current assots Debtors Investments Cash al bank and in hand 15 16 94,355 15.550 744.129 151,475 14,075 711,148 854,034 876,698 Credltor8: amounts falllng due wlthln one year 17 (166,205) (319.153> Net current assets 687,829 557.545 Total a$*•ts l•ss curr•nt Ilablliti•* 5,296,395 5,288,501 Defined benefit penston Ilabillty 19 (5,071) (7,3511 N•t as$6ts 5,291,324 5,281,150 The funds of the charfty Restricted Income funds Unrestricted funds Pansion reserve 23 20 4,608,889 677,364 5,071 4.721.693 552,106 7,351 5,291,324 5,281,150 The financlal statements were approved by the truslees on ......... Mr R G Clark Trustoo Company registratlon number 02995811 {England and Wales) 11 CITY OF BRADFORD Y.M.C.A. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operallng actlvlti•$ Cash (absorbed byygenerated from operations 25 (299,356) 124,113 Invesllng actlvltles Purchas8 of tangible fixed assets Inv8Stment income received (6,699) 339,036 (7,997) 252.964 Net cash generated from Inv•stlng actlvities 332,337 244,967 Net cuh gonorated from financing aclivltlos Net Increase in cash and cash equlvalents 32,981 369,080 Cash and cash equlvalents at beglnnlng of year 711.148 342,068 Cash and cash equlvalents at •nd of year 744,129 711,148 12- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcies Charity inforniatlon Cty of Bradford Y.M.CA. is a private company limited by guarantee incorporated in England and Wales. The regislered Offi￿ Is Cultur8 Fusion Building, 125 Thomton Road, Bradford. West Yorkshire, BD12EP, 1.1 Basls of prnparatlon The financial statements hav8 been prepared in accordancé 4wth th8 chartys goveming document, the Companies Act 2006, FRS 102 °The Finandal Reporting Standard applicab18 in thè UK and Republic of Ireland. and the Charities SORP "Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable to charities p￿paring their accounts in accordance With the Financial R8POrting Standard applicabl8 in the UK and Republic ol Ireland (FRS 102).. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared In stefling, which is the functional currency of the charfty. Moneiary amounts In these fin8nclal statements ere rounded to the nearest £. The financial statements have been prepared under the historical cost convenuon, modified lo include the revaluatlon of investments at fair value. The principal accounting policies adopt6d are 58t out below. 1.2 Golng concern At the time of approving the financial statements. th8 trustees have a reasonable expectatlon that the charty has adequate resources to conunue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basls of accounting in preparing the financial statements. 1.3 Charltabl• fund8 Unrestricted funds are avallable for use at the discretion of the trustees in furtherance of thelr charitable objectives. De5ignaled funds comprlse funds ihat have been sat aside at the discr8tion of the dlreclots for specific purposes. The purposes and uses of the designated funds are set out In the notes to the flnandal statements. Restricted funds 8re those received for use in a partlcu18r area or for specffic purposes, the use of which is r8Stricted to that area or purpose. Capltal grants received for the restricted purpose of providing f￿8d ass8ts are accounted for as restrlcted fund3 and are Immediately recognis8d as incomlng resources in the Statement of Flnancial Activlues. Endowment fund5 are subject to specific corKlitions by don0￿ that th8 capital must be maintained by the charity. 1.4 Income Income is recognised when th8 charity is1898lly entitled to it after any perfomiance conditions have been met, the amount5 can be measured reliabty. and it is probable that income will be receNed. Cash donations are recognised on receipt. Other donations are recogntsed once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations rec8tved under Gtft Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherrfrfise if the charity has been notffjed of an impending distribution, the amount is known. and r8C8iPt is expected. If the amount is not known, the legacy is treated as a contingent asset. 13- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (Contlnued) Donated goods are recognised as income when the charity has control over the Ètem, any condltlons associated with th8 donal8d item have been met. the r8C8iPt of th8 8conomic benefit from the us8 by the charity ts probable and the economic benefit can be measured reliably. Stocks of undlstributed donated goods are not valued for balance sheet purpos8S. Grants ar8 r8cognised as Income when the charlty has entiilemenl to the funds, any performance condStlons attached to the grants have been mec It Is probable that the income will be receSved and the amount can be m8asur8d reliabty and is not deferred. 1.5 Expondlturn Expendlture Is recognised onc8 there Ss a legal or constructive oblig8tlon to make a payment to a third party, it Is probable that settlement will be required and the amount of the obligation can be measured reliably. Support costs are those functlons that assist the work of Ihe charity but do not directly undertake charltable aclivilies, and include depreciation. Governance costs indude administration costs. audlt fees and certain administration expenses that do not relat8 directly to charltable activities. 1.6 Tanglblo flxed assets Tangible fixed assets are inlttalty measured at cost and subsequently measured at cost or valuation. net of depreclatlon and any Impalrn￿nt losses. Depreciation is recognised so as to wrfte off the cost or valuation of assets less thelr resldual values over thelr useful lives on the following bases: Long leasehold improvements Fixtures, fittings & equipment Motor vehicles 2% on cost Between 10% & 200/9 on cost 25% on reducing balan The gain or loss arising on the disposal of an asset Is determined as the difference between the sale proc88ds and the carying value of the asset, and is recognised in th8 Statemenl of financlal activllies. 1.7 Impalmient of fixed assots At each reporting end date, the charity revlews Ihe carrying amounts of its tangible assets to det8rmin8 whether there is any indication that those assets have suffered an impairment loss. If any such indicatK>n exi51s, the recoverable amount of the asset is estimated In order to detemilne the ext8nt of the impalment loss (rf any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, Other short-temi liquid Investments with origlnal maturities of three months or less. and bank overdrafts. Bank overdrafls are shown within borrowings in current liabilities. 14- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aecountlng pollcles (Contlnuad) 1.9 Flnanclal instruments The charity has el8ct8d to apply the Provis￿n8 of S8dion 11 'BasSc Financtal Instruments. and Section 12 'Other Financlal Instruments Issues, of FRS 102 to all of its financial instwment5. Flnancial instruments are recognised in the charitVs balarts Sheet when the charity becomes paty to the contradual provisions of th8 instrument. Financial assets and liabill￿e$ are offset, with th8 net amounts presented in the financial statements, when there is a legally enforceable right to set off the recogniséd amounts and ther8 Is an intention to S8tt18 on a net basls or to realise th8 assel and settie ihe liabilty simultaneously. Baslc financlal assets Basic financial assets. wh￿h indude debtors and cash arKI bank balances, aro initially measured at transacUon price including transaction costs and are 5ub8equently carri8d at amortised cost using the effecllv6 interest method unl8ss the arrangemenl constitutes a financing transaction, where the transactlon Is measured at the present value of the future receipts discouniad at a market rate of Inter8sL Flnancial assets classifiéd as receivable within on8 year are not amortised. Baslc flnanclal liabilitles Basic financial liabilities. includlng creditors and bank loans are initially r8cognis8d at transactlon prlce unlass the arrangement constitules a financing Iransaclion, where the debl instrument is m8asur8d at th8 present value of the futur8 paym8nts di8￿Unted al a market rat8 of interest. Financial liabilities classified as payable within one year ara not arnortised. Debt instruments are subsequently ￿rrIed at amortised cost, uslng the effectrve interest rate method. Trade cr8ditors are oblrgations to pay for g¢Jods or s8rvFces that have been acquired in the ordinary course of operations from suppli8rs. Amounts payable are classified as Cur￿nt liabilities if payment 15 due within one y8ar or less. If not, they are presented as noTrvcurrent liabiliti8s. Trad8 cr8ditors are recognlsed Inltially al transaction price and subsequentty measured at amortised a)st uslng the effective interest method. D•rn¢ognltlon olflnan¢l•l liabilities Financial liabilitles are der8cognised when the charity's contractual obligations axpire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holKlay entitl8ment is r8cognised In ihe period in vthich the employee's serrfices are received. Termination benefits are recognised immedral81y as an expense when Ihe charty is demonstrably committed to temiinate the employment of an employee or to provide tennination benefits. 1.11 Retlroment bgn•fits Payments to deflnad contribution reti￿rnent ben8fit schemes a￿ charged as an expense as they fall due, The Clty of Bradford YMCA participated in a multithemployer defined benefil pension plan for employees of YMCA'S in England, Scotland and Wales. vthich was closed to new members and accruals on 30 April 2007. The plan's actuary has advised that it is not possible to separately identify the assets and liabiliti8s relating lo City of Bradford YMCA and therefore the scheme is account8d for as a defined contribution scheme. As described in note 19, City of Bradford YMCA has a contTactual obligation lo maka p8nsÉon deficit payments of £2,505 p.a. over the period to April 2027 (2024 . £2,505 p.a.), and therefore this is shown as a liability in the accounts. 15- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and logacles Unr•strlcted Restrfcted funds funds 2025 2025 Total Unrestricted Restrlcted funds funds 2024 2024 Total 2025 2024 Donations and gifts 3,845 3,845 3,190 18,682 21,872 Crltl¢al accountlng estlmates and judgements In the applicatlon of the charitls accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities ihat are not readily apparent from other sources. The estimates and assorAated assumptions are based on historical experience and other factors Ihat are conSide￿d to be relevant. Actual results may differ Irom these estimates. The estimates and underfying assumptions ar8 reviewed on an ongoing basis. Revlsions to accounllng estimales are recognised in the period in which the estimate is revised where the revision affect5 only that perlod, or in Ihe period of the revision and future pefiods where the revlslon affects both curr8nt and futur8 periods. Crltlcal Judgements The following judgemenls (apart from those Involvlng estimates) have had the most slgnificant effect on amounts recognised In the financlal statements. Useful oconomic lif• of tangible fixed assots The useful economlc life of tangible fixed assets is judged at the point of acquisition and r8vi8w8d each financial reporting date. The judgement is based on the trustees knowledge of the industry In whlch the charlty OP8rat88 and of the individual ass8ts. As standard, the useful economic Iiv8s are applied as shown in note Impalmienl of tangibl• fix•d ass•is At each balance sheet date, the trustees undertake an assessment of the carrying value of Its tanglble f￿ad assets based on their knowledge of the assets lo detemiine whether there is any indication that th8 assets have suffered an impairment loss. Wh8re necessary. an impairment charge is recognised in the Statement of Flnancial Activities. Key sources of estimatlon uncertainty The estimates and assumptions which have a S￿nificant risk of causing a material adjustrn8nt to th8 Carrying vlaue of assets and liabilities are as follows. Impainnent of tradè debtors At each balance sheet date, the trustees and their finance team undertake a review of outstanding debtor balances and estimate which, rf any, should either be impaired or provided against. This calculalion is based on the financial posStion of the wstomers. the hlstorical speed of payment and any ongoing discussions b8￿88n tha charity and th8 Fndividual debtor. 16- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incoffle from Investments Unrestrlcted Unrestrtcted funds funds 2025 2024 Rental Sncorn8 other income 338,567 469 252,495 469 339,036 252,964 Incomo from charltable a¢llvltl•s Unr•strlctod Restrfcted funds funds 2025 2025 Total Unr•strictsd Restrlcted funds funds 2024 2024 Total 2025 2024 Servic•s provided under contract Performance relaled grants 9,923 9,923 8,250 8,250 10 10 Sundry ser¥ices Performance rdated grants 5.123 5,123 4,428 4,428 485.228 485,228 359.128 359,128 15,046 485.238 500,284 12.678 359,128 371,806 Other Incom• Unrestrlcted Unrestrlcted funds fund5 2025 2024 Insurance claim Management charges 7,243 16.800 64,704 18,029 24.043 82,733 17- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendituro on charltable actlvltles 2025 2024 Dlr•ct costs staff costs Rates Insurance Light & h8al Cleaning, repalrs & maintenance Administration expenses Programme costs Motor expense5 Trav81 & subsistence IT & computer costs Training & conferences Sundry expenses Irrecoverable VAT Bank charges Legal & professlonal Other charitable expenditure 376,183 5.206 18,093 66,884 133.381 6.194 15,160 1.361 5.060 11.267 2.435 1.469 32.584 418 45,030 1,897 339,747 7,925 21,513 89,857 106,071 8,859 23,028 496 5,104 6,746 8,789 58,115 415 34,044 820 722,622 711,529 Share of support and gov•manc• cost# (seo note 10) Support Gov8m8nce 129,089 6,050 127.767 6,816 857,761 846,112 Analy81s by fund Unrestricled funds Reslrlcted funds 259,719 598,042 337,052 509.060 857,761 846,112 Net movement In funds 2025 2024 The net movement in funds is stated after charglngl{crediting): Fees payable for the audit of the charitys financial statements Depreciation of own8d tangib18 fixed assets 6,050 129,089 6,816 127,767 Trustees None of the trustees (or any persons connected with them) received any r8mureration during the year. and no travel 8XP8ns8s were pald {2024'. Nil). 18- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support costs allO￿ted to activities 2025 2024 Depreciation Govemance costs 129,089 6,050 127,767 6,818 135.139 134,583 Analysed belween: Charitable activities 135,139 134,583 11 Employees The average monthly number of employees durlng the year was: 2025 Nurnber 2024 Number Managemènt Office Programme 14 14 Total 18 18 Employm•nt Costs 2025 2024 Wages and salaries Social security costs Other pension costs 346.481 22,530 7.172 314,979 18.624 6,144 376,183 339,747 There were no employees whose annual remuneration was more than £60.000. 12 Gains and losses on Investmonls Unrostricted Unrnstrlcted funds funds 2025 2024 Gainsl(losses) arising on: Revaluation of Investments 1,475 (1,175) 19- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Taxatlon The charity is exempt fn)m taxatlon on Its activities because all its incom8 is applied for charitable PUfP058s. 14 Tanglble fixed assets FIX￿r0 fittlngs & •qulpmeTht Motor v•hlcl•s Total asohold Imyovements Cost At 1 April 2024 Additions 6,288,834 515.731 6.699 14,836 6,819,401 6.699 At 31 March 2025 6.288.834 522,430 14.836 6,826,100 Depreclatlon and Impalmient At 1 April 2024 Depreclation charged in the year 1.564,539 126,093 509,296 2,939 14,610 2,088,445 57 129,089 At 31 March 2025 1,690,632 512,235 14.667 2,217,534 Carylng amount At 31 March 2025 4,598,202 10,195 169 4.608.566 At 31 March 2024 4,724,295 6.435 226 4,730,956 15 Debtor¥ 2025 2024 Amounts falllng due wlthln one year: Trade debtors Prepayments and accrued income 94,080 275 151,475 94,355 151,475 16 Current asset Inveslments 2025 2024 Llsted Investments 15,550 14,075 Curr8nt ass8t inv8slments are stated at markel value. -20- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Credltors: amounts falllng du• Wbthln one year 2025 2024 other taxation and social security Payments received on account Trade creditors Accruals and deferred Income 15,275 26,674 73,745 50,511 12,893 25.575 269,715 10.970 166,205 319,153 18 Provlslons lor Ilabllitl•s 2025 2024 Retirement benefit obligations 19 5,071 7,351 5,071 7,351 19 R•tirnmant benellt $ch•mes Defln•d conlributlon schem•8 Th8 charity operatss a defined contribution penslon scheme for all qUalI￿￿j employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to profit or loss in r8spe¢l of defined contribution 8themes was £6.144 (2023 - £5,339). Deflnod b•n￿ schemes Clty of Bradford YMCA partlclpated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCA'S in England. ScoUand and Wales. Th8 assets of th8 YMCA Penslon Plan are held separately from those of Cty of Bradford YMCA and at the year end these were Invested In the Mer¢er Dynamic De-riskin9 Solution, 65% matching portfolio and 35% in the growth portfolio and Schrod8r (propety unlts only). V8Iu8tion The most recent completed three year valuation was 1 May 2023. The assumptions used which have the most significanl effecl on the r8suIts of the valuation are those relailng to the assurned rates of relum on assets 4.56°ts, the increase in pensions in paym8nt of 3.18% (for RPI capped at 5% per annum), and the average life expectancy from nonnal retirement age {of 65) for a Current male pensioner of 21.5 years, f8ma18 24.0 years, arKI 23.1 years for male pensioners, female 25.7 years, retiring in 20 years time. The result of the valuaiion showed that the actuarial value of the asset was £103.1m. This represented 92% of the benefits that had accrued to members. The plan'5 actuary has advised that it is not possible to separately Identify the assets and liabilities relatlng to Cty of Bradford YMCA, and accordingly the pension deficit is not shown in the Balance Sheet.Th8 p8nsion plan was closed to new members and future service accrual with effect from 30 April 2007. Wilh the removal of the salary linkage for benefts all employed deferred members became deferred memb8rs as from 1 May 2011. The valuation prepare at 1 May 2023 showed that the YMCA pension plan had a total defidt of £9.1 million and Clty of Bradford YMCA has been advised that it will n88d to make monthly contributions of £209 from I May 2025. This amount is based on the current actuarial assumptions (as OU￿1ned above) and may vary in Ihe fulure as a resutt of actual performance of th8 Pension plan The Gurrenl recovery period Is 3 years commencing 1 May 2024. 21 CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Retlrement benefit schemes (Contlnued) 2025 2024 R8payabl8: Within one year 1-2years 2-5y8ars After 5 years 2.505 2,378 188 2.505 2,378 2,260 208 Total due 5,071 7,351 The annual repayments and totsl liability have been discounted by a factor of 5.3% {2024 - 5.3Qk) in line with YMCA England r8comm8ndatrons. In addition, Cily of Bradford YMCA may over lime have liabilbties in the event of the non-payment by other participating YMCA'S of their shar8 of the penslon plan deficit. It is not possibl8 to cU￿entlY quantify the potentlal amount that Clty of Bradford YMCA maybe called upon to pay In the future. 20 Unrgstrlctgd fvnd$ The unrestrfcted funds of the charity comprise unexpended balances of donations and grants whlch are not subject to specSflc conditions by donors and grantors as to how they may be used. These include d8signat8d funds which hav8 b88n $8t aside out of unrestricted fund5 by the trustees for SP8CAfic purposes, At 1 Aprll 2024 Incomlng Rosour¢•s resourc85 expendod Transfers Galns and At 31 March losses 2025 Designaled fund General funds 19,992 {19,992) 19,992 658,868 552,106 381.970 (256,691) 1,475 552,106 7.351 381.970 (256,691) (3.028) 1,475 (748) 678,860 3,575 Penslon fund 559.457 381.970 (259,719) 727 682.435 -22- CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED). FOR THE YEAR ENDED 31 MARCH 2025 21 Analysis of net assets between funds Unrostricled funds Restrlcted funds Total 2025 2025 2025 At 31 March 2025: Tangible assets Current assetsl(liabilitles} Provislons and pensions 162,133 525,373 (5.071) 4,446.433 162.456 4,608.566 687,829 (5,071) 682.435 4,608,889 5,291,324 Unrestrlctod funds Ro$trlctod fund• Total 2024 2024 2024 At 31 March 2024: Tanglble assets Current assetsl(liabilities) Provlslons and pensions 158,430 408.378 (7,351) 4,572.526 149,167 4.730.956 557,545 (7,351) 559,457 4,721,693 5,281,150 22 Flnanclal commltments, guarantees and contingent Ilablllti•s The charity operates from the Cultur8 Fusron Building, the capitsl cosl of which was funded by a grant of £5 million from myspace grant scheme {adminlstered by the Big Lott8ry Fund) and Co-locatFon funding. Tha Brg Lottery Fund have a legal charge dated 28 Ociober 2011 against the building as securtty for this grant. The legal charge remalns in place for a period of 20 years from Octob8r 2011 and is enforceable should the charity breach the temis of the grant. The main conditions ￿late to a significant change of use, purpose or ownership of th8 building and since there is no intention by the trustee5 to breach th8S8 conditions, no liability has been provided for in these accounts. There is a lease in place with City of Bradford MDC for occupauon of the SFte, at a peppercom annual rent of £1 for a period of 999 years. -23- l ￿ OJ i oc (o 0>00 o)00 o)¢DoIfj iffjoo o)00 (O O tvj a>o(oa)cYo￿tr In In r Ln ."É.èè<" uu)(g>boou>￿uU￿(￿CO¢J>￿Lj ujcc as.èo.-E& g ¢1? CG? L> Effj J.èoTJ lil E r*) c o os ffjIXI 2 4v> q> •TJ CL)0£2 c£a)¥0Ofn _EffjCJ CITY OF BRADFORD Y.M.C.A. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Operatlng lease commllments At the reportlng end dal8 the charity had outstanding commitments for futur8 minimum lease payments under non