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← The City Of Leeds YMCA

2025-03-31-accounts

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

Registered number: 03048401 Charity number: 1046439

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 10
Independent auditors' report on the financial statements 11 - 14
Statement of financial activities 15
Balance sheet 16 - 17
Notes to the financial statements 18 - 35

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Mrs B Bray
Mrs S Crowther
Mr C France
Mr G Burns (Resigned 1 April 2025)
Mr J Leahy
Mrs M Butterworth (Resigned 1 September 2025)
Mr P Sanders
Mr J Spencer
Mr H Elliot
Company registered
number
03048401
Charity registered
number
1046439
Registered office
Otley Road
Lawnswood
Leeds
West Yorkshire
LS16 6HQ
Company secretary
Mr G C Dorman
Independent auditors
AAB Audit & Accountancy Limited
Gresham House
5-7 St Pauls Street
Leeds
LS1 2JG
Bankers
Barclays
28 Park Row
Leeds
LS1 1PA

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

Structure and Governance

The Charity was established in 1854 as an unincorporated charitable body known as "City of Leeds Young Men's Christian Association". On 31 March 2000 all of the unincorporated Charity's activities and assets were transferred with the approval of The Charity Commission for England and Wales and the National Council of Young Men's Christian Associations to "The City of Leeds YMCA", an incorporated charitable company limited by guarantee registered with the Charity Commission. The Company is governed by its Memorandum and Articles of Association as approved by the Board of Directors in March 2000. The Charity is controlled by its Board of Trustees who are responsible for managing and safeguarding its assets and for applying them in the furtherance of its charitable objectives. The Charity has a number of branches which have a limited degree of autonomy within the budgets and financial controls set by the Board and under the Board's supervision. All material payments are authorised by Trustees on the Board and all income and expenditure is centrally controlled and recorded.

Organisation

As set out in the Articles of Association, amended at the AGM on 27 September 2008, the Board of Trustees consists of not less than six members of the Charity. The Board has the power to appoint Trustees who may hold office until the next annual general meeting at which they are eligible for re-election. All persons over the age of 18 who have been members for over one year are eligible to hold office as a Member of the Board. The Board meets at intervals of approximately three months or more frequently as may be necessary. At the Annual General Meeting one third of the Board Members shall retire from office; those retiring being those who have been longest in office since their last election or appointment. Retiring Board Members are eligible for reelection. No Chairperson or Vice Chairperson may hold office for more than five consecutive years unless a resolution is passed by a majority of two thirds at an Annual General Meeting. The Articles of Association permit the Trustees and the Charity's officers, employees and auditors to be indemnified out of the assets of the Charity from and against any liability by them in the discharge of their duties to the extent permitted by the Charities Act.

Trustee Induction and Training

The Charity follows guidance published by the Charity Commission and the National YMCA in the adoption of its Trustees and their induction and training. We are currently recruiting new members.

Related Parties

The Charity is related to and affiliated with the National Council of Young Men's Christian Associations.

Objectives and Activities

In accordance with its Christian values, the YMCA stands for a worldwide fellowship based on the equal value of all persons, respect and freedom for all, tolerance and understanding between people of different opinions, active concern for the needs of the community and united effort by Christians of different traditions. As the expression of its Christian purposes, the YMCA aims to provide a welcome to its members for themselves in a meeting place which is theirs to share, where friendships can be made and counsel sought, develop activities which stimulate and challenge members in an environment that enables them to take responsibility to find a sense of achievement, involve all members in the care and work for others and create opportunities for exchanging views so that members can improve their understanding of the world, of themselves and of one another. The Charity pursues its objectives by undertaking and assisting others in activities and in making facilities and premises available for the improvement in the quality of life of the people of Leeds. It runs premises at Hawksworth Wood and Lawnswood and works in schools and other premises throughout Leeds.

The Charity seeks to promote a sense of unity in the world-wide YMCA Movement in order to pursue the association's ideals and basis of union as follows: The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

"Basis of Union"

The YMCA is a Christian movement which seeks to unite those who, regarding Jesus Christ as their God and Saviour according to the Holy Scriptures, desire to be His disciples in their faith and in their life, and to associate their efforts for the extension of His Kingdom. It welcomes into its fellowship persons of all religious faiths and of none.

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Ethos and Core Values

• WE SEEK OUT – We actively look for opportunities to make a transformative impact on young lives in the communities where we work, and believe that every person is of equal value.

• WE WELCOME – We offer people the space they need to feel secure, respected, heard and valued; and we always protect, trust, hope and persevere.

• WE INSPIRE – We strive to inspire each person we meet to nurture their body, mind and spirit and to realise their full potential in all they do.

• WE PROMOTE – We actively seek to grow and develop the influence of the YMCA so we can increase the impact of our work and serve our communities more effectively.

• WE SERVE OTHERS – We are committed to the wellbeing of the communities we serve and believe in the positive benefit of participation, locally and in the wider world.

Public Benefit

The Trustees confirm that the objectives and achievements of the charity during the 2024/ 25 year continue to meet the public benefit requirements as outlined by the Charity Commission. All activities have been planned and delivered with a focus on improving the well being, development, and opportunities available to young people and members of the wider community.

Achievements and Performance

In 2024/25, YMCA Leeds continued to deliver on its mission, building on the progress made in previous years. While operational challenges such as staffing have persisted, we have adapted and grown, maintaining core service levels and creating new opportunities for engagement, learning, and physical activity. This year has marked a period of steady development, with important foundations laid for further expansion.

Physical Activity

We continue to offer a wide range of physical activities including:

These programmes not only promote physical health but also build confidence, teamwork, and resilience in the young people we serve.

Activities review

Afterschool Sports Programmes

This year, our afterschool sports programmes have seen continued improvement and steady participation. We have worked hard to ensure young people have access to structured, supportive environments where they can build physical and social skills.

Following last year's staffing challenges, we have made strong progress through an active recruitment drive and the implementation of a mentoring programme. This has helped stabilise delivery and laid the groundwork for expanding our offerings. We are now in a stronger position to increase both the number and consistency of our afterschool sessions moving forward.

Primary School Support and Development through CPD

Our partnerships with local primary schools remain a core part of our work. This year, we have deepened these connections through continued delivery of offsite physical activity sessions and professional development (CPD) for school staff.

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

We have placed greater focus on equipping teachers with the confidence and tools needed to deliver effective and inclusive physical education. Our CPD sessions have been well received, and we plan to broaden this support in the coming year to help schools embed a culture of physical activity and well being into daily school life.

Conclusion

The 2024/25 year has been one of steady growth, development, and resilience. While challenges remain, particularly around staffing and capacity, we have responded proactively, improving recruitment, strengthening school partnerships, and laying the foundations for future expansion.

With solid progress made across our afterschool programmes, CPD delivery, and physical activity offerings, we are well positioned for continued success. YMCA Leeds remains committed to delivering high quality, inclusive activities that benefit young people and the wider community, with the aim of creating lasting, positive impact.

YMCA Netball Report 2024/25

The YMCA Netball Club has experienced an exceptional year, demonstrating growth, success, and a strong sense of community across all levels. Our club proudly operates three senior teams, nine junior teams, and three development sessions, catering to athletes of varying ages and skill levels.

Junior Teams and Development Sessions

Our junior teams continue to thrive, with each team consisting of 10 to 12 members who compete in the West Yorkshire League on Sunday mornings. These athletes also attend weekly training sessions, where their commitment and passion for the sport are clearly evident. We are especially proud to have over twenty of our junior athletes involved in external performance programmes, including the local Super-league pathway, county pathway, and local district programmes.

Development sessions have been adapted this year to meet the needs of young women. It was identified that some players wanted to continue after they reached the age of 16. Classes have been restructured to U10’s, U12’s U15’s and U19’s to keep young women engaged in physical activity as long as possible. A new ‘mini netball’ session has also been introduced to engage with younger aspiring netballers aged 6-8.

YMCA’s first outreach netball sessions in East Leeds have also been introduced, working in partnership with Whitkirk Primary School where a weekly development session is delivered from the school for school years 3-5. In total, 213 netballers were enrolled in junior training sessions throughout the season (over 40 additional enrolments in comparison to 23/24).

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Senior Teams

Our senior teams have also enjoyed another successful year, with two teams competing in the West Yorkshire League. One team plays in Division 1, showcasing high-level competition, while another competes in the Third Division.

A huge achievement for our elite senior team ‘YMCA MAGIC’ as they finished top of the regional league and successfully gained a place in the National Premier Division 3 netball league for the 25/26 season. This will be the highest-level YMCA netball has ever competed at and we will be welcoming teams from as far as Jersey to YMCA Leeds to play in weekend fixtures.

Netball Camps and Workshops

This year, the club continued to run netball camps during school holidays, providing additional training and development opportunities for our players. As many players are aged 11+ and less likely to use the camps as formal childcare, workshops were introduced to increase engagement, and feedback has been incredibly positive.

Key Achievements in 2024/25

The season has been filled with remarkable achievements across the board:

Donations

A very generous family have donated £500 to YMCA netball to support the club. Quoting “We are really impressed with the club, the set up and how well you and the team help and progress the girls. We love what you do for the community and are fully supportive of it. We have our own business and we’d like to donate £500 to the club and hope it can be used to help the club/ you/ community.”

Conclusion

The YMCA Netball Club has had an extraordinary year of growth, success, and community engagement. We look forward to building on these achievements in the coming year and continuing to provide a supportive and competitive environment for our athletes to thrive.

YMCA Gymnastics and Football Report 2024/25

Gymnastics Achievements and Developments

The YMCA Gymnastics programme has experienced significant growth and success over the past year, marked by impressive achievements in competitions, the development of new coaches, and enrolments. An average of

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

over 370 gymnasts enrolled each term.

• Coach Development : Since September 2024, we have mentored and qualified two new British Gymnastics Level 1 coaches through the YMCA development pathway. Two further gymnasts have also been identified and are due to complete their Level 1 qualification later in 2025. Another young volunteer has completed her Introduction to judging qualification. 5 young people currently volunteer within the sessions.

• Phoenix Gymnastics Academy Competition (22nd Sep 2024) : 10 gymnasts represented YMCA in the 2- piece Floor and Vault Competition, earning 15 medals. Remarkably, seven of these gymnasts were competing for the first time, demonstrating the club’s ability to develop new talent and give them the confidence to perform in competitive settings.

• Barnsley Yorkshire General Gymnastics Finals (11th Nov 2024) : 5 gymnasts competed in the Yorkshire Finals, 4 different medals were received and one gymnast in the age 15+ category placed 2nd in Yorkshire overall.

• Gymnastics Displays : In June 2025, our gymnasts performed in 14 displays, showcasing their skills in front of proud parents.

Gymnastics Programme: Parent Feedback and Impact

• As part of our continued commitment to delivering high-quality, inclusive physical activity programmes, the YMCA Leeds Gymnastics Programme continues to grow in strength, participation, and impact. The programme spans multiple levels—from Pre-Beginners through to Inters and Tumbling—and has become a significant part of our offer to children and young people across the community.

• This year, the Gymnastics Team delivered a series of well-received displays and sessions that showcased the development and dedication of the young participants. Parental feedback has been overwhelmingly positive, highlighting both the technical progress made by the children and the positive environment fostered by our staff team.

Below is a sample of the feedback we have received from parents:

The feedback consistently reflects a strong sense of progress, enjoyment, and growing confidence among the children, as well as appreciation for the dedication of our coaching staff.

We would like to formally thank our Gymnastics Team for their enthusiasm, professionalism, and commitment to creating a safe, supportive and inspiring environment for all participants.

“THANK YOU TO THE GYMNASTICS YMCA TEAM AS WELL!!!!!” – Parent

We look forward to building on this success in the coming year and are already preparing for our 2026 displays, which we hope will continue to showcase not only the physical skills of our participants but also their growth in confidence, discipline, and resilience.

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Football Program Highlights

The YMCA Leeds Football Programme has experienced both progress and challenge over the past year. While we have faced a number of operational and staffing challenges that have shaped the way we plan for the future, the programme continues to provide meaningful sporting opportunities for children and young people in our community.

Despite these challenges, we are pleased to report the successful onboarding of new staff and the development of young leaders within the programme. We have supported several young workers in achieving their initial football coaching qualifications, laying the foundations for a new generation of skilled, confident coaches who will help shape the future of our football offer.

Programme Growth and Engagement

The football programme continues to grow steadily, particularly among younger age groups and girls, reflecting our long-term goal of building inclusive and accessible football pathways.

• YMCA Football Awards

A total of 70 young footballers aged 4–9 years have completed the YMCA Football Awards. These awards celebrate the players' progress and commitment over the past year and provide a structured way to recognise achievement and encourage ongoing participation.

• Tots Football

Our Tots Football sessions for children aged 2–5 have been a strong addition to the programme. Held weekly, these sessions introduce the fundamentals of football in a fun, safe, and nurturing environment. Early feedback from parents has been overwhelmingly positive, with many children continuing into our older age group sessions.

• Girls’ Football Coaching

Our girls' football initiative continues to gain traction, with 12 girls aged 7+ regularly attending weekly sessions. This is part of our wider aim to increase female participation in sport and create a supportive space for girls to develop their skills and confidence in football.

Looking Ahead

The challenges we have encountered this year have been valuable learning opportunities. As a result, we are refining our structure, strengthening our staffing model, and placing greater emphasis on developing and retaining young coaches. We remain committed to offering high-quality, inclusive football activities that engage young people, promote wellbeing, and build positive futures.

New Programme Launch: Home-Schooled Children's Sports Sessions

This year, YMCA Leeds launched a new initiative aimed at supporting the physical and social development of home-schooled children through access to structured sport in a relaxed and inclusive environment. Recognising a gap in provision for this growing demographic, we introduced weekly multi-sport sessions designed specifically for home-educated children who may not otherwise have regular access to organised physical activity.

The sessions offer a diverse programme of sports, including football, rounders, netball, cricket, and a range of invasion games. Activities are delivered in a flexible, informal setting that supports both learning and enjoyment, while encouraging teamwork, physical literacy, and social interaction among participants.

Since launching, the programme has shown steady growth and now welcomes 16 children on a weekly basis. Feedback from families has been extremely positive, with many highlighting the benefits of structured physical activity within a supportive, community-based setting.

This initiative reflects our ongoing commitment to inclusivity and innovation in youth programming, ensuring that all children—regardless of educational setting—can access the physical, social, and emotional benefits of sport and play.

We look forward to further developing this provision in the coming year, with plans to expand capacity and introduce new sports and activity themes in response to participant interests.

Volunteer Contributions

Volunteers are the backbone of our programmes, and we are proud of the contributions made by our young volunteers who are gaining valuable experience while supporting our gymnastics and football activities.

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

• Young Volunteers : We have a fantastic group of young volunteers who regularly help with gymnastics and football. Many of them are working on their Duke of Edinburgh (DofE) Awards. Their energy and dedication make our sessions run smoothly.

• Gymnastics Volunteer Achievement : One of our gymnastics volunteers recently completed their British Gymnastics Level 1 Floor and Vault qualification. It’s a great boost for the coaching team and a real inspiration to others.

Continuing Professional Development (CPD)

Keeping our team’s skills fresh is really important to us, so we focus on ongoing training to make sure our programmes stay top quality.

• Athletics and Gymnastics CPD : We have continued our CPD initiatives at local primary school, focusing on athletics and gymnastics. Additionally, we introduced yoga sessions for all KS1 and KS2 students during their healthy week, promoting overall well-being.

• Multi-Sport Programmes : We’ve run various programmes offering netball, basketball, and tennis, helping students get fitter, build skills, and have fun.

Conclusion

The 2024/25 year has been one of remarkable achievement and growth for both our gymnastics and football programmes at YMCA. We look forward to building on this success in the coming year with more competitions, increased membership, and further development of our volunteers and coaches.

Holiday Programmes

This year, our holiday programmes have seen a significant increase in participation, reflecting the growing demand for quality sports and activity-based camps. We are proud to offer a variety of programmes that cater to children and teens across different age ranges, from 5 to 16 years old.

• Football Camps : Our football camps continue to be a popular choice, providing young athletes with the opportunity to develop their skills, learn new techniques, and enjoy friendly competition in a supportive environment. These camps are designed for all skill levels and focus on both individual development and teamwork.

• Multisports Camps : The multisports camps have been a hit, offering a diverse range of activities that keep participants engaged and active. These camps allow children to try out different sports, helping them discover new interests and develop a broad set of athletic skills.

• Gymnastics Camps : Our gymnastics camps have continued to be our flagship holiday programme. They provide focused training sessions where participants can improve their techniques, learn new routines, and gain confidence in their abilities. Catering to all levels from beginners to advanced gymnasts, the camps ensure every child receives the right level of coaching and support.

• Netball Camps : The netball camps have also grown in popularity, offering players a chance to refine their skills, learn new strategies, and engage in competitive play. These camps are designed to foster a love for the sport while enhancing the players' abilities in a fun and dynamic setting.

Given the success of these programmes, we plan to continue expanding and enhancing our holiday offerings in the future. Our aim is to provide even more opportunities for young people to stay active, develop their skills, and have fun during the school holidays, all within the supportive environment of YMCA.

Future Plans

At YMCA Leeds, our future plans are driven by our deep-rooted mission to empower young people and other community members to reach their full physical, social, educational, and spiritual potential. Looking ahead, we are focusing on several strategic priorities that will enhance our impact, support long-term sustainability, and respond directly to the evolving needs of the young people we serve.

Development of Lawnswood Site and Targeted Community Engagement

A key element of our development strategy is the continued investment in our Lawnswood site. We aim to transform it into a dynamic hub for learning, support, and personal growth. This includes expanding our facilities

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

and resources to provide a more diverse and inclusive programme offer—particularly tailored to support young people at Key Stage 4 (KS4).

We recognise the importance of supporting young people through this critical stage of their education. As such, we plan to introduce targeted KS4 educational interventions, including alternative education provision, vocational training opportunities, and personalised mentoring. These programmes will be designed to support students who may be struggling in mainstream education, offering them a practical and supportive pathway to achievement.

Progression to Employment and Life Skills Development

Our future plans also place a strong emphasis on preparing young people for life beyond school. We are developing a range of initiatives that will support progression into further education, training, and employment. This includes work experience opportunities, employability workshops, career guidance, and partnerships with local businesses and training providers.

By equipping young people with the qualifications, confidence, and skills they need, we aim to close the gap between education and employment—particularly for those who may face barriers due to socioeconomic disadvantage or lack of support.

Expanding Outreach and Partnerships

Alongside these developments, we are committed to deepening our engagement with the local community and broadening our collaborative partnerships across the YMCA federation and beyond. This outreach will ensure that more young people and families can access the right support at the right time, particularly those who are most at risk of disengagement or exclusion.

Through this multi-faceted approach, YMCA Leeds will continue to be a place where young people not only feel safe and supported but are empowered to build positive futures for themselves and their communities.

Financial review - activities in the year

The accompanying financial statements summarise the financial activities of the Charity for the year. The Charity maintains one branch, at Lawnswood, for charitable purposes. The costs of running and maintaining this and the expense of direct charitable services and activities are shown as such in the financial statements.

Governance costs expended in administering the Charity were £36,822 (2024 - £37,029). This includes Trustee indemnity insurance of £550 (2024 - £510). Administration staff spend three quarters of their time in support of charitable activities and are allocated accordingly. The remaining quarter of their time is spent on administration of the charity and are shown within governance costs.

Funding from local government sources for core activities and service provision was £NIL (2024 - £820) with income from members and users adding a further £233,985 (2024 - £213,295) to support the direct costs of service and activity provision. The cost of provision of direct charitable services and activities, including maintenance of premises and equipment used in these services and activities, was £300,859 (2024 - £202,053) giving an 'operating deficit for the year' on mainstream charitable activities of £103,698 (2024 - £24,969).

Donations and legacies provided £1,587 (2024 - £16,363) while a provision for the repayment of gift aid claimed was partially reversed for £21,152 (2024 - £53,000 provision). Letting of the Charity's premises generated a net deficit of £7,665 (2024 – deficit of £6,116). The Charity's investments provided a contribution of £44,512 (2024 - £46,493) after deduction of stockbrokers' charges.

As explained in notes 2 and 27, the charity has made a provision for the contractual liability to make pension deficit payments regarding the multi-employer defined benefit scheme. The movement in provision recognised in the year ended 31 March 2025 was £21,676 decrease in provision (2024 – £98,628).

The Charity had a deficit for the year after the decrease in pension scheme liability but before other recognised gains of £33,474 (2024 – deficit of £23,182).

The Charity realised losses of £8,491 (2024 - £5,840 loss) on investments sold in the year. Owing to the rise in value of the stock market, the Charity's portfolio of unsold investments had decreased in the year resulting in unrealised gains of £21,818 (2024 - gains of £65,469) being reported in the financial statements.

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Investment powers

Under the Charity's Memorandum and Articles of Association, the Trustees have the power to make any investment of unrestricted funds which they see fit in accordance with its charitable objectives. Where express terms and conditions have been imposed by donors in relation to restricted and permanent endowment funds the Trustees are obliged to comply with these. The Trustees take professional advice on investments to ensure a balance is maintained between capital growth and income generation.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Mr H Elliot

15 December 2025 Date:

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CITY OF LEEDS YMCA

Opinion

We have audited the financial statements of The City of Leeds YMCA (the 'charity') for the year ended 31 March 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CITY OF LEEDS YMCA (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report 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 the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CITY OF LEEDS YMCA (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' 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) will always detect a material misstatement when it exists. Misstatements can arise 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 taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements.

The laws and regulations we considered in this context were the Companies Act 2006 together with the Charities SORP (FRS102) 2019. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company's ability to operate or to avoid a material penalty. The laws and regulations we considered in this context were Charities Commission Regulations and requirements from funders.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be:

Our audit procedures to respond to these risks included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 13

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE CITY OF LEEDS YMCA (CONTINUED)

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Helen Daniels LLB FCA CTA (Senior statutory auditor)

for and on behalf of

AAB Audit & Accountancy Limited

Statutory Auditor Gresham House 5-7 St Pauls Street Leeds LS1 2JG

Date: 15 December 2025

Page 14

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income and
endowments from:
Donations and legacies
5
Charitable activities
6
Other trading activities
7
Investments
8
Other income
9
Total income and
endowments
Expenditure on:
Raising funds
10,11
Charitable activities
12
Total expenditure
Net
(expenditure)/income
before net
gains/(losses) on
investments
Net gains/(losses) on
investments
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2025
£
22,439
233,985
82,906
55,098
810
395,238
91,299
337,521
428,820
(33,582)
16,630
(16,952)
2,127,785
(16,952)
2,110,833		 Restricted
funds
2025
£
300
-
-
-
-
300
-
162
162
138
-
138
791
138
929		 Endowment
funds
2025
£
-
-
-
-
-
-
30
-
30
(30)
(153)
(183)
1,025,378
(183)
1,025,195		 Total
funds
2025
£
22,739
233,985
82,906
55,098
810
395,538
91,329
337,683
429,012
(33,474)
16,477
(16,997)
3,153,954
(16,997)
3,136,957		 Total
funds
2024
£
(36,637)
214,115
67,351
56,631
716
302,176
86,274
239,084
325,358
(23,182)
65,500
42,318
3,111,636
42,318
3,153,954

All income and expenditure derive from continuing activities.

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 18 to 35 form part of these financial statements.

Page 15

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA (A company limited by guarantee) REGISTERED NUMBER: 03048401

BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
17
Investments
18
Current assets
Stocks
19
Debtors
20
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
21
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
22
Net assets excluding pension liability
Defined benefit pension scheme liability
27
Total net assets
Charity funds
Endowment funds
24
Restricted funds
24
Unrestricted funds
24
Total funds		 300
20,247
46,573
67,120
(100,998)		 2025
£
1,886,734
1,452,979
3,339,713
(33,878)
3,305,835
(122,221)
3,183,614
(46,657)
3,136,957
1,025,195
929
2,110,833
3,136,957		 300
9,790
21,261
31,351
(93,655)		 2024
£
1,919,721
1,518,088
3,437,809
(62,304)
3,375,505
(153,218)
3,222,287
(68,333)
3,153,954
1,025,378
791
2,127,785
3,153,954

Page 16

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

Mr H Elliot

Date: 15 December 2025

The notes on pages 18 to 35 form part of these financial statements.

Page 17

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

The principal activity of the charity during the year was primarily to work with young people offering a variety of activities and to provide facilities for the community involving all ages, faiths, ethnicities, genders and abilities.

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Otley Road, Lawnswood, Leeds, LS16 6HQ, West Yorkshire. The company registration number is 03048401 and the charity number is 1046439.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The City of Leeds YMCA meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The trustees, having made due and careful enquiry, are of the opinion that the charitable company has adequate working capital to execute its operations over the next 12 months. The trustees, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

At 31 March 2025 the charitable company had unrestricted reserves of £2,111k. Of this, £865k is held as tangible fixed assets and a further £1,449k is held as fixed asset investments which, whilst these are held for capital growth and income generation purposes, are readily realisable without penalties. The charity has unrestricted net current liabilities of £101k, long term creditors of £122k and a provision in respect to the multi employer pension scheme of £47k.

Budgets and cash flow forecasts have been prepared covering the period to December 2026 which show that the charity can continue to deliver services and meet its liabilities as they fall due. These forecasts are based on prudent income levels and factor in the challenges faced, primarily around staffing, as set out in the trustees report on pages 2 to 8. The forecasts also reflect periodic draw downs from the managed investment portfolio to subsidise deficits arising on charitable activities.

As a result, the trustees have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

Page 18

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.3 Income

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 19

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost.

Individual assets costing £5,000 or more are capitalised at historical cost. Items below this level are considered to be renewals of existing equipment.

The Trustees believe that the residual value of the freehold properties,excluding the sports hall facility built in 2015 and 2016 and the all weather pitch surface, retained at the end of the financial period will exceed their purchase cost and that they are maintained to such a standard that no depreciation charge is required. Much of the Charity's land is subject to restrictions and as such they are not held under normal commercial terms.

Furnishings and equipment are renewed on a regular basis because of the high degree of wear and tear to which they are subjected. They are maintained to a value which is not materially less than that shown in the financial statements. Costs of routine renewal are charges to the statement of financial resources in the financial period incurred. The Trustees are of the opinion that no depreciation charge is required because of the above and because the depreciation charge based on an estimated useful life of 15 years of £3,495 (2024 - £3,495) is not material.

Depreciation on the all weather pitch surface, which is included in land and buildings, has been provided for at 15 years straight line so as to write down the value of this asset over its expected useful life.

Depreciation on the sports facility built in year ended 31 March 2015 and 2016 has been provided for so as to write off the cost of the facility over 50 years.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Freehold property - 50 years
Office equipment - 15 years

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 20

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities

Liabilities and provisions are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.12 Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

2.13 Pensions

The City of Leeds YMCA participated in a multi-employer defined benefit pension plan for employees of YMCAs in England, Scotland and Wales, which was closed to new members and accruals on 30 April 2007. Due to insufficient information, the plan's actuary has advised that it is not possible to separately identify the assets and liabilities relating to The City of Leeds YMCA.

As described in note 27 The City of Leeds YMCA has a contractual obligation to make pension deficit payments of £25,092 pa over the period to April 2027, accordingly this is shown as a liability in these accounts. In addition, The City of Leeds YMCA is required to contribute £7,545 pa to the operating expenses of the Pension Plan and these costs are charged to the Statement of Financial Activities as made.

The company also operates a defined pension contribution scheme. Contributions in respect of this scheme are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

Page 21

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies.

4. Limited by guarantee

The Charity is a company limited by guarantee. Upon winding up or dissolution individual personal liability of members of the Charity is limited to £1 each.

Page 22

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. Income from donations and legacies

Donations
Feed in Tariffs and RHI Grant income
Gift Aid Repayment
Total 2024		 Unrestricted
funds
2025
£
1,287
-
21,152
22,439
(42,555)		 Restricted
funds
2025
£
300
-
-
300
5,918		 Total
funds
2025
£
1,587
-
21,152
22,739
(36,637)		 Total
funds
2024
£
11,098
5,265
(53,000)
(36,637)

6. Income from charitable activities

Leeds City Council
Membership
Subscriptions and other contributions
Sports section levies
Total 2024		 Unrestricted
funds
2025
£
-
(3,415)
231,050
6,350
233,985
214,115		 Total
funds
2025
£
-
(3,415)
231,050
6,350
233,985
214,115		 Total
funds
2024
£
820
298
206,647
6,350
214,115

Page 23

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Income from other trading activities

Income from non charitable trading activities

Hire of artificial pitch
Premises and grounds letting
Total 2024
Investment income
Income from listed investments
Total 2024
Other incoming resources
Sundry income
Total 2024		 Unrestricted
funds
2025
£
51,887
31,019
82,906
67,351
Unrestricted
funds
2025
£
55,098
56,631
Unrestricted
funds
2025
£
810
716		 Total
funds
2025
£
51,887
31,019
82,906
67,351
Total
funds
2025
£
55,098
56,631
Total
funds
2025
£
810
716		 Total
funds
2024
£
38,095
29,256
67,351
Total
funds
2024
£
56,631
Total
funds
2024
£
716

8. Investment income

9. Other incoming resources

Page 24

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Expenditure on raising funds

Other trading expenses

Cost of artifical pitch hire
Cost of generating letting income
Total 2024		 Unrestricted
funds
2025
£
42,059
38,684
80,743
76,091		 Total
funds
2025
£
42,059
38,684
80,743
76,091		 Total
funds
2024
£
40,719
35,372
76,091

11. Investment management costs

Portfolio management
Total 2024		 Unrestricted
funds
2025
£
10,556
10,154		 Endowment
funds
2025
£
30
29		 Total
funds
2025
£
10,586
10,183		 Total
funds
2024
£
10,183

12. Analysis of expenditure on charitable activities Summary by fund type

Activities undertaken directly
Total 2024		 Unrestricted
funds
2025
£
337,521
233,709		 Restricted
funds
2025
£
162
5,375		 Total
2025
£
337,683
239,084		 Total
2024
£
239,084

Page 25

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13. Analysis of expenditure by activities

Activities undertaken directly
Total 2024		 Activities
undertaken
directly
2025
£
300,859
202,053		 Support
costs
2025
£
36,824
37,031		 Total
funds
2025
£
337,683
239,084		 Total
funds
2024
£
239,084

Analysis of support costs

Activities
undertaken
directly
2025
£
Staff costs
21,359
Insurance
10,183
Office costs
5,282
36,824
Total 2024
37,031
14.
Auditors' remuneration
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts		 Total
funds
2025
£
21,359
10,183
5,282
36,824
37,031
2025
£
9,000		 Total
funds
2024
£
22,532
7,192
7,307
37,031
2024
£
8,775

Page 26

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
Movement of Pension Liability		 2025
£
210,204
11,744
10,806
(21,676)
211,078		 2024
£
201,835
34,779
10,326
(98,628)
148,312

The average number of persons employed by the Charity during the year was as follows:

Leaders
Other direct charity workers
Caretaking and cleaning		 2025
No.
6
12
2
20		 2024
No.
6
11
2
19

No employee received remuneration amounting to more than £60,000 in either year.

Enter text here - user input

Key management personnel of the charity comprise the Trustees, Chief Executive Officer, Finance Manager, Education Manager and Sports Manager. The total employee benefits of the key management personnel of the charity were £89,839 (2024: £100,129).

16. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, expenses totalling £236 (2024 - £nil) were reimbursed or paid directly to 1 Trustee.

Page 27

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Tangible fixed assets

Cost or valuation
At 1 April 2024
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
18.
Fixed asset investments
Cost or valuation
At 1 April 2024
Additions
Increase in cash held as part of portfolio
Disposals
Revaluations
At 31 March 2025		 Freehold
property
£
2,220,873
2,220,873
334,161
32,987
367,148
1,853,725
1,886,712		 Equipment
£
52,431
52,431
19,422
-
19,422
33,009
33,009		 Total
£
2,273,304
2,273,304
353,583
32,987
386,570
1,886,734
1,919,721
Listed
investments
£
1,518,088
214,704
3,608
(302,631)
19,210
1,452,979

All investments shown above are valued by the investment managers and are stated at market value (closing mid market value) at the balance sheet date.

Page 28

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

18. Fixed asset investments (continued)

Cost Cost Market value Market value
2025 2024 2025 2024
£ £ £ £
UK Property 37,648 48,191 33,482 38,934
Other listed investments 1,067,875 1,123,250 1,401,157 1,464,422
UK Cash held as part of portfolio 18,340 14,732 18,340 14,732
1,123,863 1,186,173 1,452,979 1,518,088

19. Stocks

Raw materials and consumables
20.
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
21.
Creditors: Amounts falling due within one year
Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
300
2025
£
10,902
1,718
7,627
20,247
2025
£
30,434
2,970
-
1,270
66,324
100,998		 2024
£
300
2024
£
7,712
853
1,225
9,790
2024
£
29,851
872
3,191
53,350
6,391
93,655

The bank loans are secured by a fixed charge over the Charity's freehold property.

Page 29

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

22. Creditors: Amounts falling due after more than one year

2025 2024
£ £
Bank loans 122,221 153,218

Included within creditors: amounts falling due after more than one year is an amount of £35,513 (2024: £58,864) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

There are two bank loans.

One of the loans is due for repayment, by monthly instalments, on 11 May 2031. Interest is charged at a rate of 2.85%. The other loan is a bounce back loan which is due for repayment by monthly instalments which commenced in October 2021. This will be repaid by September 2026. Interest is charged at a rate of 2.5%.

The bank loan is secured by a fixed charge over the Charity's freehold property.

23. Financial instruments

2025 2024
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 46,573 21,261

Page 30

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

24. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Fixed asset reserve
Designated contingency
reserve
Endowment funds
Central (Albion Place) Capital
Trust Fund
Lawnswood Sports Ground
Capital Trust Fund
F W Spruce Charity Fund
Restricted funds
Sport England
Sports Foundation
Leeds City Council Sports grant
Total of funds		 Balance at 1
April 2024
£
877,444
898,341
352,000
2,127,785
1,021,379
1
3,998
1,025,378
680
111
-
791
3,153,954		 Income
£
395,238
-
-
395,238
-
-
-
-
-
-
300
300
395,538		 Expenditure
£
(395,833)
(32,987)
-
(428,820)
-
-
(30)
(30)
-
-
(162)
(162)
(429,012)		 Gains/
(Losses)
£
16,630
-
-
16,630
-
-
(153)
(153)
-
-
-
-
16,477		 Balance at
31 March
2025
£
893,479
865,354
352,000
2,110,833
1,021,379
1
3,815
1,025,195
680
111
138
929
3,136,957

Page 31

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

24. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Fixed asset reserve
Designated contingency
reserve
Endowment funds
Central (Albion Place) Capital
Trust Fund
Lawnswood Sports Ground
Capital Trust Fund
F W Spruce Charity Fund
Restricted funds
Sport England
Sports Foundation
Total of funds		 Balance at
1 April 2023
£
802,684
931,328
352,000
2,086,012
1,021,379
1
3,996
1,025,376
Balance at
1 April 2023
£
137
111
248
3,111,636		 Income
£
296,258
-
-
296,258
-
-
-
-
Income
£
5,918
-
5,918
302,176		 Expenditure
£
(286,967)
(32,987)
-
(319,954)
-
-
(29)
(29)
Expenditure
£
(5,375)
-
(5,375)
(325,358)		 Gains/
(Losses)
£
65,469
-
-
65,469
-
-
31
31
Gains/
(Losses)
£
-
-
-
65,500		 Balance at
31 March
2024
£
877,444
898,341
352,000
2,127,785
1,021,379
1
3,998
1,025,378
Balance at
31 March
2024
£
680
111
791
3,153,954

Page 32

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

25. Summary of funds

Summary of funds - current year

General funds
Endowment funds
Restricted funds		 Balance at 1
April 2024
£
2,127,785
1,025,378
791
3,153,954
Balance at
1 April 2023
£
2,086,012
1,025,376
248
3,111,636		 Income
£
395,238
-
300
395,538
Income
£
296,258
-
5,918
302,176		 Expenditure
£
(428,820)
(30)
(162)
(429,012)
Expenditure
£
(319,954)
(29)
(5,375)
(325,358)		 Gains/
(Losses)
£
16,630
(153)
-
16,477
Gains/
(Losses)
£
65,469
31
-
65,500		 Balance at
31 March
2025
£
2,110,833
1,025,195
929
3,136,957
Balance at
31 March
2024
£
2,127,785
1,025,378
791
3,153,954
Summary of funds - prior year
General funds
Endowment funds
Restricted funds

26. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
Total		 Unrestricted
funds
2025
£
865,354
1,449,164
66,191
(100,998)
(122,221)
(46,657)
2,110,833		 Restricted
funds
2025
£
-
-
929
-
-
-
929		 Endowment
funds
2025
£
1,021,380
3,815
-
-
-
-
1,025,195		 Total
funds
2025
£
1,886,734
1,452,979
67,120
(100,998
(122,221
(46,657
3,136,957

Page 33

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

26. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
Total		 Unrestricted
funds
2024
£
898,341
1,514,090
30,560
(93,655)
(153,218)
(68,333)
2,127,785		 Restricted
funds
2024
£
-
-
791
-
-
-
791		 Endowment
funds
2024
£
1,021,380
3,998
-
-
-
-
1,025,378		 Total
funds
2024
£
1,919,721
1,518,088
31,351
(93,655)
(153,218)
(68,333)
3,153,954

27. Pension commitments

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £10,806 (2024: £10,326).

Defined benefit plans

The City of Leeds YMCA participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCAs in England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of The City of Leeds YMCA and at the year-end these were invested in the Mercer Dynamic De-risking Solution, 65% matching portfolio and 35% in the growth portfolio and Schroder (property units only).

The most recent completed three year valuation was as at 1 May 2023. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets of 4.56%, the increase in pensions in payment of 3.18% (for RPI capped at 5% p.a.), and the average life expectancy from normal retirement age (of 65) for a current male pensioner of 21.5 years, female 24.0 years, and 23.1 years for a male pensioner, female 25.7 years, retiring in 20 years’ time. The result of the valuation showed that the actuarial value of the assets was £103.1m, which represented 92% of the benefits that had accrued to members.

The Pension Plan was closed to new members and future service accrual with effect from 30 April 2007. With the removal of the salary linkage for benefits all employed deferred members became deferred members as from 1 May 2011.

The valuation prepared as at 1 May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 million. The City of Leeds YMCA has been advised that it will need to make monthly contributions of £2,091 from 1 May 2024. This amount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual performance of the Pension Plan. Agreed future deficit contributions have been discounted using a rate of 5% (2024: 5%). The current recovery period is 3 years commencing 1st May 2024.

Page 34

Docusign Envelope ID: 1CDD02FE-B168-4F09-A912-7899A9D5C42F

THE CITY OF LEEDS YMCA

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

27. Pension commitments (continued)

As at 31 March
2025
As at 31 March
2024		 Within
one year


22,760		 One to
two years
Two to
five years
After five
years
After
more than
one year
Total
21,676
21,676
44,436
Repayable		 One to
two years
Two to
five years
After five
years
After
more than
one year
Total
21,676
21,676
44,436
Repayable
One to
two years
Two to
five years
After five
years
21,676


23,897		 22,760
21,676
-		 44,436
68,333

In addition, The City of Leeds YMCA may have over time liabilities in the event of the non-payment by other participating YMCAs of their share of the YMCA Pension Plan's deficit. It is not possible currently to quantify the potential amount that The City of Leeds YMCA may be called upon to pay in the future.

28. Related party transactions

The Charity's Trustees received no remuneration in the current year. See note 16 for details of reimbursed expenses.

During the year the Charity paid Trustees' indemnity insurance of £550 (2024 - £545). There were no further related party transactions in the year that require disclosure.

29. Potential liability

During the year ended 31 March 2025 the Charity identified water damage to the gym floor. This may lead to a potential uninsured repair cost of between £190k - £250k and the Trustees are exploring options to mitigate the cost to the Charity. As there is no requirement to undertake the work a liability has not been provided for in the accounts.

Page 35