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2023-07-31-accounts

Company number: 3061837

YMCA DERBYSHIRE (A Company Limited by Guarantee)

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

Company Number: 3061837

Charity Number: 1049904

Regulator of Social Housing Reference: H4085

YMCA DERBYSHIRE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

CONTENTS
Page
Reference and Administrative details 1
Report ofthe Trustees 2-14
Independent Auditor Report 15-18
Income and Expenditure Account 19
Consolidated Statement of Financial Activities 20
Charity Statement of Financial Activities 21
Consolidated Balance Sheet 22
Charity Balance Sheet 23
Consolidated Statement ofCash Flows 24
NotestotheFinancialStatements 25-51

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YMCA DERBYSHIRE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

REFERENCE AND ADMINISTRATIVE DETAILS

STATUS

A Company Limited by Guarantee, Registered Provider of Social Housing and Registered Charity.

DIRECTORS (who are also Trustees)

J P Smith (Chair)

H M Wigglesworth

TJ Penter (resigned — January 2023; Treasurer until January 2023) Ven M Trick (appointed - December 2022; appointed Treasurer — January 2023)

A J Walker (resigned — January 2023)

SJ Bradley

K M Brierley

JL Cordon

CanonJ Hollywell

C W Judson

| Shakoor (resigned — January 2023) K Henshaw

J M Summers

SECRETARY

K Jackson

SENIOR MANAGEMENT TEAM

G H Sewell (Chief Executive Officer) A M Armstrong (Deputy Chief Executive/Director of Finance) L Curd (Director of Lifelong Learning) CA Gillespie (Director of Housing) G Harrison (Director of Youth and Communities/Income generation)

REGISTERED OFFICE

770 London Road Wilmorton, Derby, DE24 8UT

COMPANY REGISTRATION NUMBER 3061837 (England and Wales) REGISTERED CHARITY NUMBER 1049904 REGULATOR OF SOCIAL HOUSING REFERENCE H4085 AUDITOR Dains Audit Limited Suite 2 Albion House, 2 Etruria Office Village, Forge Lane, Etruria, Stoke on Trent, ST1 5RQ BANKERS National Westminster Bank plc 7 Market Place, Derby, DE1 3ZF SOLICITORS Smiths Partnership LLP Friars Gate, Derby, DE1 1NU

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023

The Trustees who are also directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31° July 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and reporting by charities’ effective from January 2019. The Trustees have also had regard for compliance with the Statement of Recommended Practice for registered social housing providers 2018 (SORP), the Housing and Regeneration Act 2008 and the Accounting Direction for private registered providers of social housing 2019 where applicable to the housing operations of the Charity.

OBJECTIVES AND ACTIVITIES

Charitable objectives

YMCA Derbyshire (“the company” or “the Charity”) is established with charitable objectives and is affiliated to the National Council of Young Men’s Christian Association (Incorporated). It forms part of the YMCA movement world-wide, which is a Christian movement. It welcomes into its fellowship persons of other religious faiths and of none.

The Charity, a Christian organisation, endeavours to provide young people and others with:

Strategy

The Board's strategy for achieving these aims is to deliver a range of housing, support, education and employment options offering high quality information, advice and guidance to enable those working towards independent living to make safe and effective choices. The Board also actively ensures the delivery of holistic childcare and youth service provision for local families and communities. To support our strategy in relation to Housing we have incorporated a trading subsidiary to support the development of new build property.

Public benefit

YMCA Derbyshire assists young people and their communities by offering safe accommodation choices, independent living programmes, vocational training and education, worklessness and economic wellbeing programmes, advocacy, enterprise activities, family work including extended schools and mentoring services.

The Trustees are of the opinion that all the purposes of YMCA Derbyshire are for the benefit of the public. In their capacity as Trustees, they consider that they have complied with their duties under section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission.

Significant activities

The work of the YMCA Derbyshire is diverse and includes housing in supported premises, support outreach work for people with a variety of support needs, the provision of youth training and support through a youth orientated campus.

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023

Housing

YMCA Derbyshire’s Housing offer continues to develop with emphasis being on remodelling stock to ensure its longevity. Our City offer is delivered via two pathways — Young Persons and Supported Housing. We provide 85 units of supported housing for young people (including our Foyer) and 77 unts for older residents. In addition we provide 13 units of specialist ex-offender housing in Partnership with the Probation service. Our family work in partnership with Derby Homes and Derby City Council has grown with 3 family homes available to ease the use of B&B emergency housing. In the County we provide 17 units of supported housing in Amber Valley and have now opened the Glebe, a supported living scheme for adults with Learning Disabilities with 17 bed spaces; this is delivered in partnership with Derbyshire County Council and Leonard Cheshire.

Lifelong Learning

The Lifelong Learning function of YMCA Derbyshire is focussed on driving forward the development of Lifelong Learning hubs within the communities we serve to ensure that we are offering formal and informal learning opportunities to support the development of their health, well-being, and social mobility to all ages.

Our Life Long Learning provision covers the following;

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Derwent Stepping Stones (DSS) — Early years education and child care

In January 2022 YMCA Derbyshire was approached by Derwent Stepping Stones as a partner to work with to enable them to secure their future sustainability. The Lifelong Learning team at YMCA Derbyshire had been seeking to broaden our portfolio to include nursery provision to make our offer truly lifelong, starting at 0-4 years. The vision, mission, and values of the two organisations align, and we believe that

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023 together we can further develop our services in family work to support more people across Derby and Derbyshire. The merger took place on 3" October 2022 and together we are ensuing families in local communities can gain access to sustainable, high-quality, flexible, and affordable childcare from our Derwent Stepping Stones sites on St Marks Road in the Derwent ward, and St James Centre in the Normanton ward. In the future, our aim is to expand into new areas across Derby and Derbyshire as opportunities arise.

Y Kidz

Under the banner of Y-Kidz, YMCA Derbyshire works with primary schools across the county to deliver high quality teaching support, lunchtime cover, breakfast and after-school clubs (wraparound care) , PPA cover, as well as holiday activity clubs and sports clubs primarily for children aged between 4 to 11. This brand also covers the work we do within the HAF (Holiday Activity and Food programme) within Derby City during the main school holiday periods.

Key College

YMCA Key College, as part of YMCA Derbyshire, provides education for 16 - 19 year old students plus those aged 19 to 24 with an EHCP through the Education and Skills Funding Agency funded (ESFA) Study Programmes. This is split across campuses in Derby and Ilkeston. Our curriculum offer includes Childcare, Health and Social Care, Retail, Building Trades, Hospitality and Catering, Digital Skills and Business Administration, with all Study Programmes containing maths and English to support the vocational learning.

In addition to the study programmes, Alternative provision for 14-16 year olds is delivered across a range of qualifications on behalf of local schools in Derby and Ilkeston with Hospitality and Digital Skills proving particularly popular.

Adult provision 19 plus

New funding streams have been secured this year for those aged 19 plus. These includes the UKSPF (UK shared prosperity fund) Thriving futures programme offering employability support for our residents and people within our local communities who are classed as economically inactive. We also provide Multiply courses in Derby and Derbyshire under the government UKSPF funding banner which consist of engagement events and short courses for those who don’t hold a level 2 maths qualification. We now also have a Heritage lotter funded projects called ‘Past:Present:Work’ for our residents which supports development of employability through exploring local heritage.

Youth and communities

At YMCA Derbyshire, we are committed to building stronger, more connected communities, we work with local organisations, businesses, and individuals to create positive change and improve the lives of those around us. Key services being offered include work at the Wilmorton Community Gardens, Sports activities and psychotherapy sessions for residents and students of Key college, Food provision through community meals, and volunteering and employability programmes. In July 2023 Padley Group a local charity in Derby supporting individuals at risk of homelessness and or poverty became part of YMCA Derbyshire and are now operating as Padley@YMCA Derbyshire.

ACHIEVEMENTS

A full list of the Charity’s objectives and achievements can be found in the Annual Report. This can be found at www.ymcaderbyshire.org.uk or by writing to the Charity’s registered office.

Housing

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Over the course of 2022/23, we supported 272 individuals who were experiencing homelessness, and seeking support to gain stable accommodation. This year we have experienced an increase in longer term residents; whilst many were ready to progress, they faced increased private rents and long waiting

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023 lists for social housing. The result was a significantly lower number of positive moves — from 127 in 2021/22, to only 57 in 2022/23. The economic crisis is resulting in a significantly increased cost for those experiencing homelessness; in the height of the COVID pandemic 108 residents accomplished a positive move on to settled accommodation.

Although challenging times, our staff and residents continue to persevere and progress. In 2022/23 we saw some improved outcomes achieved by residents - 61 progressed in formal education; 7 applied for university; 1 completed an apprenticeship; 81 increased their employability through volunteering or training courses; 52 gained employment; 21 gained alcohol/substance misuse support; and 126 gained mental and emotional support through counselling and talking therapies.

New this year is the commencement on-site of our 60 apartment affordable housing scheme for young people, funded by Homes England and delivered in partnership with NCHA and Modus. It is due to be ready to let in Autumn 2024.

Value for Money

The Board recognises that it is essential that YMCA Derbyshire (YMCAD) is focused on demonstrating VfM in delivering its strategic ambitions. The housing sector is facing big challenges, both in terms of delivering new supply, maintaining high levels of services to existing residents and ensuring properties are safe and well maintained. YMCAD’s business model is built on ensuring that services to existing residents are fully funded, before looking to contribute any internal resources to the expansion of our residential portfolio. To deliver VfM, YMCAD is prepared to be innovative, be more commercial and generate economies of scale through both organic and inorganic growth. These actions will deliver greater financial capacity to invest in and deliver the Association’s agreed purpose.

YMCAD, like other housing providers, is constrained in what it can achieve and has to make difficult decisions on how resources are deployed. However, the Board believes fundamentally that investment in new supply is a key strategic ambition and has a key role in generating future sustainable capacity to invest in existing stock.

Challenges to delivering VFM

° YMCAD only builds and manages homes for specific tenant types — Young People and those who have been homeless. These schemes are relatively small, with homes per scheme typically numbering between 15 and 60. Build costs can be high due to the cost land and of supplying infrastructure, as schemes are built on land initially without utilities, access or drainage. ° Although YMCAD has excellent relationships with the local councils in the areas where it operates, there is often considerable local resistance to homes being built for the tenant types we ta rget. Mostly these concerns are alleviated through positively engaging and communicating with the local residents, but this does take time, and means that a typical scheme can take up to 5 years from start to finish, requiring significant staff time to deliver each project. e YMCAD operates within strict county boundaries which limits opportunities for growth. Opportunities to delivering VFM ° As a specialist in Young People’s housing, YMCAD are able to build and manage social housing in locations that other housing associations would dismiss as too small. This is a key differentiator for YMCAD in delivering value to urban Derbyshire and the City. e The Board recognises its role in being an advocate for specialist housing. It achieves this through influencing policies at a local and, via the YMCA federation, central government level. This can have real benefit to current and future residents by protecting and promoting the investment in YP housing and services. It also supports a positive policy framework for other YMCAs to operate within. A good example of success was the acceptance of the Transitional Housing model by Homes England. ° YMCAD is part of the Blue Skies consortium which allows us to “piggy back” on larger schemes developed by NCHA, creating economies of scale which would otherwise be hard to achieve.

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023

YMCAD’s VfM Strategy can be summarised as the ability to effectively mobilise investment and deliver on its agreed purpose, whilst using capacity and resources more efficiently. To understand how well it does this, it is important that there are easy to measure targets and outcomes. A set of performance indicators has been agreed by the Board in a “Business Health Dashboard,” detailed above in the review of strategic ambitions. These indicators include both financial and non-financial outcomes, some of which, together with some of the VfM Standard Metrics below, should provide a clear indication of how YMCA Derbyshire is performing in delivering VfM against its strategic objectives.

VFM Standard

The Value for Money (VfM) required outcomes by the Standard are that housing association providers registered with the Regulator of Social Housing (RSH) must:

(a) Clearly articulate their strategic objectives; (b) Have an approach agreed by the Board to the achievement of VfM in meeting those objectives and the demonstration of the delivery of VfM to stakeholders;

(c) Through the strategic objectives to articulate the Board’s strategy for delivering homes that meet a range of needs;

(d) Ensure that optimal benefit is derived from resources and assets to secure economy, efficiency and effectiveness in the delivery of strategic objectives.

The VfM Standard requires housing associations to determine additional measures and targets which are bespoke to the organisation and which supplement the VfM metrics. This includes measurable targets and plans to address any areas of underperformance. Our performance figures will be measured against the VfM metrics shown below.

YMCAD’s strategic approach to VfM is shown through the Business Strategy 2021-26, the success of which is in part measured by linking improvements to VfM metrics. The Strategy looks to apply resources to achieve agreed purpose, whilst delivering more for the same or less. Importantly achieving this whilst positively enhancing financial, staff and asset performance. The result of this being better productivity and improved VfM.

Performance indicators which the Board consider key to demonstrating whether VfM is being delivered to stakeholders, through the Business Strategy are:

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New Supply Delivered % - social housing lettings (VfM Standard 17%
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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023

Lifelong learning

Derwent Stepping Stones

DSS has now become a wholly owned subsidiary of YMCA Derbyshire which commenced in October 2022.

Key College

In 2022/23, 74 % of those students starting on our programmes completed the core aim of the ESFA study programme (89 % of students either completed core aim or were carried over into 2023/24). Key College has continued to draw a majority of students from areas identified as deprived, with 67 % of learners coming from the 30% most deprived areas in England. Key College has continued to nurture young people with a broad range of learning needs with 45 % of our students identify as having special education needs or disabilities (“SEND”). 22 % of our students were on the autism spectrum (a prevalence ten times higher than the general population) and 4 % of our students had mental health difficulties. A new Entry Level Study Programme entitled “Practical Work skills” has been launched for 2023/24 and has recruited strongly. It seems to be meeting an unmet need for SEN-accessible provision in that sector at that level.

Slightly over half (51 %) of our students live in Uni Connect outreach wards which are wards with lowerthan-expected higher education participation. Key College continues its partnership project with the University of Derby, which is opening up possibilities’ students had not previously considered. Progression for our students this year has typically been into education with 25 students going on to further education, 7 into employment and 32 students remaining on programme into 2023/24.

All subject areas were separately audited by City and Guilds or NCFE and we maintained direct claim status (where applicable) in all cases as recognition of the continued quality of the provision we offer. Matrix re-accreditation was achieved recognising the quality of the information, advice and guidance given. YMCA Key College learners have been involved in an extensive range of enrichments to their main programmes.

Y Kidz

During the year the Y-Kidz team worked at four primary school sites; Three in Derby and one at Weston on Trent, supporting schools to meet their PE and sport’s needs, providing busy families with safe and supportive childcare with our before and after school clubs and enabling hundreds of children to access fun and exciting holiday clubs. Unfortunately the new wrap around provision at St John Fisher Primary has not been sustained but a new provision at Ashgate primary school has been launched for 2023/24. We provided Holiday Activity and Food holiday activity clubs successfully at 3 primary school across the year alongside sustaining our established holiday clubs at Markeaton Primary School and St Joseph’s Catholic Primary Academy.

Adult programmes

The BBO programme was completed successfully and has been superseded by the new Thriving futures UKSPF programme. The Derby City Multiply project hit all its set targets and was also given a contract uplift to account for going over target. The Derby City provision has been secured for anther year alongside the new Derbyshire provision. The Heritage lottery funding was secured for the project, for which delivery has commenced in June 2023.

Quality standard

We were successful in the 2021/22 audit of the |S09001:2015 standards. We were also successful in an inspection for the Matrix Quality Standard and the renewal of our CredAbility Award.

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023

Youth and communities

Upwards of 200 individuals and families have been supported this year through a host of different programmes including;

° Wilmorton Community Gardens - We are the leaseholder of our local community gardens offering 25 allotment plots and green community space. Local community members grow their own produce, landscape, connect with nature and build connections. This has led to reduced isolation and increased wellbeing. Throughout the last 12 months we have offered horticulture and landscaping programmes 3 days a week alongside utilising the space for a ‘Men in Shed’s’ programme enabling busy hands to ease troubled minds. We have had over 200 individuals volunteer including a significant amount of corporate volunteering days. Our community gardens are a lifeline to many people throughout our community.

° Sports Activities - Our weekly sports activities include football, gym and boxing sessions this has enabled our residents and students of YMCA Key College to improve their physical and mental wellbeing, engage in positive activities and have the opportunity to socialise and have fun. ° Psychotherapy Sessions - We have a funded in-house Psychotherapist who offers holistic mental health support to YMCA residents and YMCA Key College students. This is an integral element of our support and often quickly breaks down barriers to engagement with the young people we support. e Food Provision - We have provided community meals weekly (throughout the winter months) and monthly across the whole of the year. This has enabled individuals and families in our community who are experiencing poverty the chance to come together have a warm meal, spend time socialising and have a safe space. Alongside our community meals we provide emergency food parcels and have recently developed a community pantry for our residents and YMCA Key College students to purchase food at an affordable cost.

° Volunteering and Employability Programmes - We have offered a variety of volunteer and work based opportunities for people of all ages and backgrounds to develop skills, confidence and contribute positively to our local communities. We have recently gained funding to create 4 Employability Hubs across the city which will be open to community members to gain key skills and the support needed to gain employment. ° Padley@YMCA — We have begun the process of moving Padley@YMCA’s day centre to a new community hub. Here the traditional activities will still take place, but these will grow and develop to include planned programmes and activities such as independent living skills workshops, tenancy sustainability, DIY classes, horticulture, employability sessions, therapeutic counselling and volunteering programmes.

Involving people

YMCA Derbyshire employs a range of methods of engagement to allow people to participate effectively and is able to demonstrate that feedback influences our policy development.

Fundraising activities

The Charity’s fundraising activities combine the raising of donations, the application for grants to provide services within the Charity’s scope of operation within Housing, and the operation of Hospitality services at the Campus and Marble Hall in Derby.

The Charity is extremely grateful to the large number of donors who have contributed to the funding of the Charity through a variety of events and through one off and regular donations. The Sleepeasy event in March 2023 raised £26,723 through local people being sponsored to sleep rough for a night. Our annual Ceilidh dinner dance raised £14,417 and our annual golf day which raised £12,708. All were well supported and we appreciate all of our fundraising volunteers and donors for making these events possible.

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023 In total, grant funding received in the year was £476,357. Details of grants received are included in the notes to the accounts.

External and internal factors affecting performance External We are seeking to manage the impact of the cost-of-living crisis on both beneficiaries and staff as demand for services increases and staff costs rise. We have committed to being a Real Living Wage employer as part of our response to these challenges with particular representation also being made for under 25s beneficiaries living independently due to the poverty trap of having to meet the same expenses as over 25s whilst only being able to access substantially less benefits. Whilst we have been able to manage the impact of energy cost rises through the use of long-term contracts this has the potential to impact on our cost base significantly in 2023-24. Further impact of having to withdraw from the delivery of under 18 housing provision due to LA Tender being financially prohibitive is also being risk managed to ensure no long term impact on loss of funding for 2023-24.

Void levels within Housing were running at unprecedented high levels but have now recovered. This was in part demonstrates a change in the type of property acceptable to potential residents, with a particular concern around having to share bathroom facilities. We continue to remodel our housing portfolio away from shared accommodation towards self contained units to meet the needs of our beneficiary group.

The recruitment process for the Key College ESFA contract is continuing with numbers of students increasing post pandemic. The take up of Alternative provision services is also increasing as we modify Our services to meet the demand from Schools and post 16 providers. Y Kidz income has returned to near normal levels and we continue to look to expand our services into new schools.

Our ability to fundraise through events was significantly curtailed during the pandemic but is returning to more normal levels as we reintroduce events such as the fundraising dinner and Golf Day.

Internal

The Board continues to act to ensure that the Charity remains sustainable as income sources fluctuate whilst being aligned to the needs of its beneficiaries. YMCA Derbyshire remains a going concern and has sufficient capacity to continue to determine its own future. A significant part of the strategy to remain sustainable involves diversification of income streams through a 2020-2030 business plan for Housing, Life Long Learning (incorporating Early years, Key college and Y Kidz), and Youth and Community work supporting beneficiaries of the core services as well as the wider community that we serve. The senior leadership team continues to ensure the charity remains strategically relevant by undertaking research and development in all areas of service. The staffing structure remains under review, with changes made responding to operational and financial need.

FINANCIAL REVIEW

Investment policy

The company’s powers of investment are set out in its Memorandum of Association. In addition, the company has adopted an investment policy, which the Board reviews regularly. This requires investment of the company’s funds to be in accordance with prudent, ethical and minimum risk criteria.

Results for the period There has been a net increase in funds in the year of £1,260,727 (2022 — increase of £81,641). We aim to maintain the level of surplus at around 5% of turnover to enable the creation of funds for investment in new projects and the rebuilding of reserves. We continually seek ways of developing the services we offer whilst ensuring that we remain financially sustainable.

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023

Policy on financial reserves

The Charity has various funds available to finance its activities.

Unrestricted funds

Unrestricted funds are funds that are expendable at the discretion of the Board in furtherance of the Charity’s objectives. Such funds may be designated by the Board for a particular project or purpose. The general fund is the amount of unrestricted funds that has not been designated.

The Board recognises the need to establish a level of free reserves that enables financial stability to ensure our responsibilities to our beneficiaries can be maintained. These funds meet the requirements for working capital and act as a cushion against fluctuations in income levels and in the financial performance of the Charity. “Free reserves” for this purpose are defined as unrestricted net current assets less amounts designated for specific purposes. Creditors due after more than one year have been excluded from the definition of free reserves with the expectation that funds will be derived from the assets funded to meet these liabilities as they become due. The target for free reserves is reviewed on an on going basis and has been set having regard to key areas of risk. The Board’s target for free reserves is between two and three months of expected unrestricted operating expenditure. At the end of July 2023 this equates to a level of free reserves between £0.9m and £1.35m. As at 31 July 2023, free reserves were £249,219 (2022: £157,625). There has been limited growth in the year due to an increase in funds set aside for planned maintenance, and utilities costs, alongside a significant growth in restricted funds. Funds have been designated in relation to future periodic maintenance of the Charity’s property based on a continuing programme of planned maintenance, to meet an expected increase in housing utility costs from October 2023, and also for the development of strategic housing projects. Action to rebuild reserves towards the target level is being taken but this may take a number of years as the Charity prepares for future investment in new projects.

Restricted funds

Where a donor has placed restrictions on the use of funds or where funds have been received through a process of merger or acquisition, these are included within restricted funds. Full details of the restricted funds are included in note 14 to the financial statements. The Board considers that YMCA Derbyshire has sufficient assets to meet its obligations as they arise.

Going concern assessment

The overall financial performance of the Charity remains strong. YMCA Derbyshire reported a cash inflow for the year of £1,738,637 and at 31 July 2023 was holding £2,550,386 in cash balances in the consolidated accounts. Based on projections for the next year, the Trustees are of the view that the amount of cash reserves held secure the immediate future of the Charity and on that basis the Charity is a going concern.

FUTURE DEVELOPMENTS

The Charity is entering year four of its business plan for all core areas having achieved key targets earlier than planned. A full review of plans for 2024 — 2030 is being undertaken to ensure the plans remain relevant and challenging.

Key to our future sustainability and growth is the continued development and remodelling of our housing stock. Post pandemic we are seeking to move away from shared accommodation to provide more self contained units across the city and the county. We are currently on site developing 60 self contained flats in Derby with an expected completion date of Autumn 2024. We also plan to undertake significant refurbishment work on our Campus site during 2023/24 with Homes England funding secured and on site from December 2023. We are continuing to broaden our services and are aiming to increase the number of families being supported out of bed and breakfast accommodation as properties become available. We are also working with local authorities in the county to develop both a county Foyer

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023

alongside further self contained move on accommodation.

We will continue to broaden our Lifelong learning provision. We will continue to support DSS to re-grow its income post pandemic to ensure its innovative services are more broadly available and use this as a springboard to develop further settings in the city and county. We are looking to develop a ‘Green hub’ on the Wilmorton Community Gardens in 2023-24 to provide a training centre focussed on horticulture and construction skills as well as a base for community works. We will explore the sufficiency of our properties to enhance our current provision which align to the employment and skills needs of our stakeholders and will maximise the opportunities to collaborate on the design and delivery of these. We continue to aim to increase the value of our ESFA contract and growth in income from schools funded alternative provision.

The Charity is working to build on the ongoing success of both social impact bonds and philanthropic activities for the benefit of vulnerable young people in our communities. Funding is being sought to extend our provision of education and health and wellbeing services to both our residents and students through our use of our local allotments in Derby in partnership with Derby City Council and other local stakeholders. Our Youth and community offer has expanded through the merger with Padley Group in July 2023. In 2023-24 we will be seeking to relocate the Padley community hub to a new centre with funding secured for this alongside seeking new funding streams to ensure we generate the income to reinvest back into communities where there is significant need for our support.

STRUCTURE, GOVERNANCE AND MANAGEMENT

YMCA Derbyshire is incorporated as a private company limited by guarantee. The Memorandum and Articles of Association were last revised and adopted by special resolution passed in June 2009. In our view the entity complies with the governance and financial viability standard as laid down by the Regulator of Social Housing (2015).

Recruitment and appointment of new Trustees

The members of the company have delegated the responsibility of oversight of the company’s business to the Board of Trustees (the “Board”) which, in turn, has delegated the responsibility for the day to day management of the company to the Chief Executive.

The Board seeks to ensure that the diverse range of services and activities provided by the Charity are represented by the broad skills mix of its members. The Board is made up of members who have backgrounds in business, finance, marketing or experience of working with young people. In the event of particular skills being lost due to retirement, individuals are approached to offer themselves for election to the Board. No other company has a right to appoint a Trustee to the Board.

In accordance with the company’s Articles of Association, one third of the Board will retire at the forthcoming Annual General Meeting and, where able and eligible, will offer themselves for re-election.

Policies and procedures for induction and training of Trustees

All Board members are offered Trustee training and the opportunity to attend the Annual YMCA Trustees’ conference. The company also ensures all new Board members receive an induction manual with which they are expected to become familiar. Contents include a broad overview of the company’s activities, company policies and governance matters relating to the activities of the Charity, as well as the company’s latest business plan and governance documents relating to the company’s constitution and that of its internal decision-making process. The Charity provides for Trustee indemnity insurance.

Organisational structure

The Board also delegates powers to committees of the Board, which operate within defined terms of reference. The current committees of the Board are the Accommodation Committee, the Life Long Learning Committee, the Finance and Capital Development Committee, Youth and Communities

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023

Committee, and the Audit and Risk Committee.

Proposals for appointments to the Board are made by the Board of Trustees after a recruitment process involving both Trustees and senior staff. Persons appointed to the Board other than by means of a members’ resolution hold office only until the next following Annual General Meeting when they are eligible for re-election by the members, or, as the case may be, co-option by the Board.

Related parties

YMCAD Property Developments Limited is a wholly owned subsidiary of the Charity, and, as noted above, YMCA Derbyshire became the sole member of Derwent Stepping Stones Nursery and Community Training Centre Limited (a company limited by guarantee) on 3" October 2022. The charity merged with the Padley Group (a company limited by guarantee) on 15" July 2023, with all assets and liabilities of Padley group transferring to YMCA Derbyshire. This includes the transfer of the ownership of 100% of the Shares of Padley Trading Limited.

The Charity is affiliated to the National Council of Young Men’s Christian Association (Incorporated) (also known as YMCA England and Wales) and also a member of the Foyer Federation, the National Housing Federation, and Homeless Link.

Pay policy for senior staff

All Trustees give of their time freely and no Trustee received remuneration in the year. The Trustees consider the senior management team comprise the key management personnel of the Charity in charge of directing and operating the Charity on a day to day basis. Details of related party transactions are disclosed in note 21 to the financial statements.

The pay of the senior staff is reviewed annually. In view of the nature of the Charity, the Trustees benchmark pay against other charities ofa similar nature including other regional YMCAs. If recruitment has proven difficult in the recent past a market addition is also paid with the pay maximum no greater than the highest benchmarked salary for a comparable role.

RISK MANAGEMENT

The Board has conducted a review of all major risks to which the Charity is exposed and undertaken a risk appetite assessment to establish the principal risks that the organisation is exposed to and is willing to take to achieve its objectives. A risk register has been established and is updated at least quarterly. Where appropriate systems and procedures have been established to mitigate the risks the Charity faces. Policies and procedures are periodically reviewed to ensure they continue to meet the needs of the Charity.

Key areas of risk identified are as follows: -

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In accordance with the Housing Act 1996 the Charity sets out internal control procedures to protect its assets and also regularly carries out an audit of its rent accounting system.

Pension liabilities

YMCA Derbyshire is no longer a participating employer of the YMCA Pension and Assurance Plan and has no further obligations or liabilities to that plan.

Responding to needs

YMCA Derbyshire regularly researches, develops and consults with its stakeholders to ensure that its services are relevant to the needs of individuals and communities using the following methods:

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees (who are also directors of YMCA Derbyshire) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

The Trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources of the charitable company for that period.

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YMCA DERBYSHIRE REPORT OF THE TRUSTEES YEAR ENDED 31 JULY 2023

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

In so far as the Trustees are aware there is no relevant audit information (as defined by section 418 of the Companies Act 2006) of which the charitable company's auditors are unaware and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

APPROVAL

This report was approved by the Board of Trustees on 14" December 2023 and signed on its behalf by:

JPe Chair Registered Office: 770 London Road, Derby DE24 8UT

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YMCA DERBYSHIRE

INDEPENDENT AUDITOR REPORT TO THE MEMBERS OF YMCA DERBYSHIRE

Opinion

We have audited the financial statements of YMCA Derbyshire (the ‘parent charity’) and its subsidiaries (the ‘group’) for the year ended 31 July 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and notes to the financial statements, 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the 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 director’s 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 Group’s or the parent charity'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 Directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

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YMCA DERBYSHIRE

nl

INDEPENDENT AUDITOR REPORT TO THE MEMBERS OF YMCA DERBYSHIRE

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors’ report thereon. The directors are responsible for the other information contained within the Report of the Trustees. 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 - Ig 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 rega rd.

Opinion on other matters prescribed by the Companies Act 2006 in our opinion, based on the work undertaken in the course of the audit: « the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial staternents; and e the Report of the Trustees have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception in the light of the knowledge and understanding of the Group and parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: e adequate accounting records have not been kept by the parent charity, or returns adequate for our audit have not been received from branches not visited by us; OF e the parent charity financial statements are not in agreement with the accounting records and returns; ore certain disclosures of directors’ remuneration specified by law are not made; or e we have not received all the information and explanations we require for our audit.

ResponsibilitiesAs explained more of fully the board in the Statement of the Director’s responsibilities, as set out on page 11 and 12, the Director is 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 board determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether dueto fraud or error. in preparing the financial statements, the board is responsible for assessing the Group's and the parent charity's ability to continue as 2 going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the board either intends to liquidate the Group or the parent charity or to cease operations, or have no realistic alternative but to do so.

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YMCA DERBYSHIRE INDEPENDENT AUDITOR REPORT TO THE MEMBERS OF YMCA DERBYSHIRE

Auditor’s 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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is nota 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 specific procedures for this engagement and the extent to which these are Capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the group’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

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YMCA DERBYSHIRE

INDEPENDENT AUDITOR REPORT TO THE MEMBERS OF ¥MCA DERBYSHIRE in response to the risk of trreguiarities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: ; e agreeing financial statement disclosures to underlying supportingdocumentation; e reading the minutesofmeetings ofthose charged with governance; @ enquiring of management as to actual and potenttal litigation and claims; and e reviewing correspondence with HMRC, relevant reguiators and the company’s legal advisors; Because of the inherent limitations af an audit, there Is 2 risk that we will not detect all irregularities, Including those leading to 2 material misstatement in the financial statements oF non-compliance with regulation.This risk increasesthe more that compliance witha lawor regulation is removed fromthe events anditransactions ceflected in the financial statements, a5We wilt be less likely to become aware ofInstances of non-compliance. The risk \s also greaterregarding irregularities occurring dueto fraud ratherthan error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements 15 located ‘on the financial Reporting Council’s website at: yrww.frcorg.uk/auditorsresponsibilities This description forms part of our auditor's report. Use of our report This report Is made solely to the charity's members, 25 & pody, in accardance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor’s report and for no other purposeTo the fullest extent permitted by law, we do notaccept or assume responsibility to anyone other thanthe charity and the charity's members as @ body, for ouraudit work, for this report, or forthe opinions we have formed.

Jonathan Dudley (Senior statutory auditor) for and on behalf of Dains Audit Limited Statutory Auditor Chartered Accountants Sulte 2 Albion House 2 Etruria Office Village Forge Lane Stoke on Trent STA5ROCTS SEE Ia

1B

YMCA DERBYSHIRE Consolidated Income and Expenditure Account Year ended 31" July 2023

Year to Year to
July 2023 July 2022
Notes £ £
Income 3 6,544,026 4,070,576
Operating Costs (5,378,246) (3,999,807)
Operating surplus/ (deficit) 5 1,165,780 70,768
Surplus on disposal of Property, Plant, and
equipment
Interest receivable		 23,748
9,644		 26,195
280
Interest payable rg (33,445) (15,602)
Surplus/ (deficit) on ordinary activities for
the year 1,465,727 81,641
Other comprehensive income
Property revaluation gains and losses 95,000 :
1,260,727 81,641

All of the activity above relates to continuing activities.

This page shows the consolidated results for YMCA Derbyshire in the format required by the Companies Act 2006, The Statement of Recommended Practice for Registered Providers of Social Housing 2018 and The Accounting Direction for Private Registered Providers of Social Housing 2019,

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YMCA DERBYSHIRE

Consolidated Statement of Financial Activities Year ended 31" July 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Restricted|Total|Total| |Notes|funds|funds|funds|funds| |£|2|£|£| |INCOME| |Donations|and|legacies|652,408|713,135|1,365,543|209,299| |Income|from|charitable|activities| |Housing|3,244,299|-|3,244,299|2,702,386| |Youth|and|Communities|(formerly| |support)|111,153|206,727|317,880|294,970| |Key|College|and|other|learning|493,174|132,688|625,862|574,190| |Early|Years|education|-|649,093|649,093|-| |Y|Kidz|239,632|36,942|276,574|221,614| |Other|-|-|-|2,739| |Income from|other trading|activities| |Commercial|trading|activities|64,775|-|64,775|65,378| |Investment|income|9,644|-|9,644|280| |Total|incoming|resources|3|4,815,084|1,738,586|6,553,670|4,070,856| |Expenditure| |Costs|of|raising funds| |Fundraising|costs|66,133|1,912|68,045|61,004| |Costs|of other trading|activities|54,901|-|54,901|61,961| |Charitable|activities| |Housing|2,959,364|=|2,959,364|2,607,705| |Youth|and|Communities|(formerly| |support)|167,713|297,784|465,497|365,822| |Key|College|and|other|learning|685,628|136,762|822,390|679,398| |Early|Years|education|-|701,159|701,159|-| |Y|Kidz|264,231|52,356|316,587|213,325| |Total|resources|expended|4|4,197,970|1,189,973|5,387,943|3,989,215| |Net|income/(expenditure)|before| |transfers|617,114|548,613|1,165,727|81,641| |Gross|transfers|between|funds|-|-|-|-| |Net|income/(expenditure)|before| |other|recognised|gains|and|losses|617,114|548,613|1,165,727|81,641| |Other|recognised|gains|and|losses| |Property|revaluation|gains/(losses)|95,000|-|95,000|-| |Net movement|in|funds|712,114|548,613|1,260,727|81,641| |RECONCILIATION|OF|FUNDS| |Total|funds|brought forward|3,970,670|163,063|4,133,733|4,052,092| |TOTAL FUNDS|CARRIED|FORWARD|4,682,784|711,676|5,394,460|4,133,733|

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YMCA DERBYSHIRE

Charity Statement of Financial Activities Year ended 31* July 2023

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||||||||| |---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Restricted|Total|Total| |Notes|funds|funds|funds|funds| |£|£|fi|.| |INCOME| |Donations and|legacies|620,560|551,155|1,171,715|209,299| |Income|from|charitable|activities| |Housing & Support|3,244,299|.|3,244,299|2,702,386| |Youth|and|Communities|125,160|204,295|329,455|294,970| |Key College and|other|learning|493,174|132,688|625,862|574,190| |Y|Kidz|239,632|36,942|276,574|221,614| |Other|.|-|-|2,739| |Income from|other trading|activities| |Commercial|trading|activities|64,775|-|64,775|65,378| |Investment|income|9,644|-|9,644|280| |Income|from Group|cos.|T7251|-|TG251|-| |Total|incoming resources|3|4,874,495|925,080|5,799,575|4,070,856| |Expenditure| |Costs of|raising funds| |Fundraising|costs|66,133|1,912|68,045|61,004| |Costs of other trading|activities|54,901|-|54,901|61,961| |Charitable|activities| |Housing & Support|2,959,364|-|2,959,364|2,607,705| |Youth|and|Communities|163,117|293,188|456,305|365,822| |Key College|and|other|learning|685,628|136,762|822,390|679,398| |Y|Kidz|264,231|52,356|316,587|213,325| |Donations to|group|companies|50,000|-|50,000| |Total|resources expended|4|4,243,374|484,218|4,727,592|3,989,215| |Net|income/(expenditure)|before| |transfers|631,121|440,862|1,071,983|81,641| |Gross|transfers|between|funds|-|-|-|-| |Net|income/(expenditure)|before| |other recognised|gains and|losses|631,121|440,862|1,071,983|81,641| |Other|recognised|gains and|losses| |Property|revaluation|gains/(losses)|95,000|-|95,000|-| |Net movement|in funds|726,121|440,862|1,166,983|81,641| |RECONCILIATION|OF|FUNDS| |Total funds brought forward|3,970,670|163,063|4,133,733|4,052,092| |TOTAL FUNDS|CARRIED FORWARD|4,696,791|603,925|5,300,716|4,133,733|

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|||||||||| |---|---|---|---|---|---|---|---|---| |YMCA|DERBYSHIRE| |Consolidated|Balance|Sheet| |At 31° July 2023| |2023|2022| |Unrestricted|Restricted|Total|Total| |Notes|funds|funds|funds|funds| |£|£|£|£| |FIXED|ASSETS| |Tangible|assets|8|4,536,537|3,061,465|7,598,002|4,053,992| |CURRENT ASSETS| |Stocks|6,761|-|6,761|7,282| |Debtors|10|630,621|141,921|772,542|428,721| |Cash|at bank|and|in|hand|644,232|1,906,155|2,550,387|811,749| |1,281,614|2,048,076|3,329,690|1,247,352| |CREDITORS| |Amounts|falling due within|one year|ah|(581,398)|(567,017)|(1,148,415)|(586,615)| |NET CURRENT ASSETS|700,216|1,481,059|2,181,275|661,137| |TOTAL ASSETS|LESS|CURRENT| |LIABILITIES|5,236,753|4,542,524|9,779,277|4,715,129| |CREDITORS| |Amounts|falling|due|after|more|than| |one|year|12|(553,969)|(20,800)|(574,769)|(581,396)| |Government grants|14|-|(3,810,048)|(3,810,048)|-| |NET ASSETS|4,682,784|711,676|5,394,460|4,133,733| |FUNDS| |Unrestricted|funds|4,682,784|3,970,670| |Restricted|Reserves|711,676|163,063| |TOTAL FUNDS|15|5,394,460|4,133,733|

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The Financial Statements were approved by the Board of Trustees on 14th December 2023 and were signed on its behalf by:-

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on
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J P Smith.(Chair) ss Ven M Trick (Treasurer) Company registered number 3061837 The Notes form part of these Financial Statements

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YMCA DERBYSHIRE Charity Balance Sheet At 31° July 2023

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Restricted|Total|Total| |Notes|funds|funds|funds|funds| |z|E|£|£| |FIXED ASSETS| |Tangible|assets|8|2,896,969|1752,|870|4,649,840|3,996,679| |Investments|9|4|-|4|2| |2,896,973|1,|Jo2Z,O7|1|4,649,844|3,996,681| |CURRENT ASSETS| |Stocks|6,761|-|6,761|7,282| |Debtors|10|1,968,956|189,562|2,158,518|486,034| |Cash|at|bank|and|in|hand|504,810|1,988,807|2,493,617|811,749| |2,480,527|2,178,369|4,658,896|1,305,065| |CREDITORS| |Amounts|failing|due|within|one| |year|1k|(126,606)|(640,865)|(767,471)|(586,617)| |NET CURRENT ASSETS|2, 3535921|1,537,504|3,891,425|718,448| |TOTAL ASSETS|LESS|CURRENT| |LIABILITIES|5,250,894|3,290,375|8,541,269|4,715,129| |CREDITORS| |Amounts|falling|due|after|more| |than|one|year|12|(554,103)|-|(554,103)|(581,396)| |Government|grants|14|-|(2,686,450)|(2,686,450)| |NET ASSETS|4,696,791|603,925|5,300,716|4,133,733| |FUNDS| |Unrestricted|funds|4,696,791|3,970,670| |Restricted|Reserves|603,925|163,063| |TOTAL FUNDS|15|5,300,716|4,133,733|

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The Financial Statements were approved by the Board of Trustees on 14th December 2023 and were signed on its behalf
by:-
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f\ 2
Hee — re
JP Sm hair)
OTN
Ven M Trick (Treasurer)
Company registered number 3061837
The Notes form part of these Financial Statements
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YMCA DERBYSHIRE Consolidated Statement of Cashflows Year ended 31° July 2023

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|||||||| |---|---|---|---|---|---|---| |Year|ended|Year|ended| |Notes|31st|July|2023|31st|July|2022| |E|£|£|£| |Cash|provided|by operating|activities|16|5,366,519|284,969| |Cash|flows from|investing|activities| |Interest|income|9,644|280| |Receipts|from|the|sale|of|tangible| |fixed|assets|141,458|116,195| |Purchase|of tangible|fixed|assets|(3,706,285)|(203,156)| |Cash|used|in|investing|activities|(3,555,183)|(86,681)| |Cash|flows from|financing|activities| |Interest|paid|(33,445)|(15,602)| |Repayment|of|borrowings|(39,253)|(39,253)| |Cash|used|in|financing|activities|(72,698)|(54,856)| |Increase/(decrease)|in|cash|and|cash| |equivalents|in the year|1,738,637|143,432| |Cash|and|cash|equivalents|at|the| |beginning|of the|year|811,749|668,317| |Total|cash|and|cash|equivalents|at| |the end|of the year|2,550,386|811,749|

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YMCA DERBYSHIRE Notes to the Financial statements Year ended 31* July 2023

1. ACCOUNTING POLICIES

YMCA Derbyshire (the ‘company’) is a Registered private company limited by guarantee under the Companies Act 2006 incorporated and domiciled in England (registered office: 770, London Road, Derby, DE24 8UT; Company registered number: 3061837; charity number: 1049904). The principal accounting policies are summarised below. They have all been applied consistently throughout the year and to the preceding period.

General information and basis of accounting

These financial statements present consolidated information for the group alongside information for the Charity as an individual undertaking. The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the charity and its subsidiary undertaking. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, in accordance with FRS102, “The Financial Reporting Standard applicable in the UK and Republic of Ireland” issued by the Financial Reporting Council and comply with the Statement of Recommended Practice - Accounting and Reporting by Charities (2019) and the Companies Act 2006. As a Registered Provider of Social Housing disclosures required by the Statement of Recommended Practice for Registered Social Housing Providers 2018 (SORP), the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of Social Housing 2022 have also been included where applicable to the housing operations of the Charity.

Public benefit entity

YMCA Derbyshire meets the definition of a public benefit entity under the Charities SORP. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Preparation of the accounts on a going concern basis

YMCA Derbyshire reported a cash inflow for the year of £1,738,637 and at 31 July 2023 was holding £2,550,386 in cash balances. Based on projections for the next year, the Trustees are of the view that the amount of cash reserves held secure the immediate future of the Charity and on that basis the Charity is a going concern.

Incoming resources

Incoming resources are included on the Statement of Financial Activities when the Charity has full legal entitlement and the amount can be quantified with reasonable accuracy.

25

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31° July 2023

1. ACCOUNTING POLICIES (continued) Incoming resources (continued)

The cost of housing developments financed wholly or partly by grants have been revalued to their market valuation and the grant value taken to reserves. This is in accordance with The Statement of Recommended Practice for Registered Social Housing Providers 2018.

We benefit from time given by a number of volunteers across the different services that we offer. In accordance with the Charities SORP, the time offered by these volunteers is not recognised and refer to the Report of the Trustees for more information about their contribution.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to an activity on a basis consistent with the use of the resources. Expenditure is classified under the following activity headings:

Allocation of support costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Support costs include finance, HR, IT, facilities and governance costs which support the Charity’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in Note 4.

Tangible fixed assets

Freehold land and buildings

Where a valuation is available properties are held at their open market value. Properties held for their social benefit are not held solely for the cash inflows they generate and are held for their service potential. An assessment is made at each reporting date as to whether an indicator of impairment exists. If such an indicator exists, an impairment assessment is carried out and an estimate of the recoverable amount of the asset is made. Where the carrying amount of the asset exceeds its recoverable amount, an impairment loss is recognised in surplus or deficit in the Income and Expenditure Account. An impairment loss is reversed if the reasons for the impairment loss have ceased to apply and included in surplus or deficit in the Income and Expenditure Account.

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YMCA DERBYSHIRE Notes to the Financial statements Year ended 31° July 2023

1. ACCOUNTING POLICIES (continued)

Leasehold property

Where owned property is situated on leased land the property is included in the accounts at build cost less depreciation with the depreciation spread over the shorter of useful life of the asset or the life of the land lease.

Other assets

Assets are capitalised if they cost more than £500. Depreciation is provided in order to write off each asset over its estimated useful life. The following annual rates are in use for the assets within the balance sheet:

Motor cars 25% straight line Motor vans 33% straight line Computer equipment 20% - 33% straight line Fixtures and fittings 5% - 33% straight line

Depreciation is charged on assets from the date they become operational. Assets under construction are not depreciated.

Investments

Fixed asset investments in subsidiaries and associated companies are included at the lower of cost or fair value.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Pension costs

YMCA Derbyshire operates contributory stakeholder pension schemes for all employees and contributions are charged to the Income and Expenditure Account as they fall due.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomesa party to the contractual provisions of the instrument.

Financial assets carried at amortised cost

Financial assets carried at amortised cost comprise rent arrears, trade and other receivables and cash and cash equivalents. Financial assets are initially recognised at transaction value plus directly attributable transaction costs. After initial recognition, they are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

If there is objective evidence that there is an impairment loss, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows discounted at the financial asset’s original effective interest rate. The carrying amount of the asset is reduced accordingly.

A financial asset is derecognised when the contractual rights to the cash flows expire, or when the financial asset and all substantial risks and reward are transferred.

Financial liabilities carried at amortised cost

These financial liabilities include trade and other payables and interest bearing loans and borrowings.

Pat

  1. ACCOUNTING POLICIES (continued)

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31% July 2023

Non-current debt instruments which meet the necessary conditions in FRS 102 are initially recognised at transaction value adjusted for any directly attributable transaction cost and subsequently measured at amortised cost using the effective interest method, with interest-related charges recognised as an expense in finance costs in the Income and Expenditure Account. Discounting is omitted where the effect of discounting is immaterial.

A financial liability is derecognised only when the contractual obligation is extinguished, that is, when the obligation is discharged, cancelled or expires.

On long term lending, the interest rate to be charged is calculated by reference to the interest rates, margins and banking charges within the loan agreements with the funders, on the day the loan is made.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by a donor or when funds are raised for a specific restricted purpose. A designated fund is maintained to provide for planned maintenance and extraordinary repair and improvement ofthe housing properties. Other designated funds are maintained to support strategic housing development alongside maintaining funds to support residents and students as they seek to move on.

Basis of consolidation

The financial statements consolidate the accounts of YMCA Derbyshire and its subsidiary undertakings (‘subsidiaries'). The income and expenditure account for the year dealt with in the accounts of the charity was a surplus of £1,260,727.

Interest payable

Borrowing costs are interest and other costs incurred in connection with the borrowing of funds. Borrowing costs are calculated using the effective interest rate, which is the rate that exactly discounts estimated future cash payments or receipts through the expected life of a financial instrument and is determined on the basis of the carrying amount of the financial liability at initial recognition. Under the effective interest method, the amortised cost of a financial liability is the present value of future cash payments discounted at the effective interest rate and the interest expense in a period equals the carrying amount of the financial liability at the beginning of a period multiplied by the effective interest rate for the period.

Taxation

No provision is made for taxation as the company is a Charity entitled to the various exemptions afforded by the Corporation Tax Act 2011.

Value added tax (VAT)

YMCA Derbyshire Ltd is not registered for VAT due to taxable income being under the required threshold. All expenses are processed inclusive of VAT charged on the supplies received. The subsidiaries YMCAD Property Development Ltd and Padley trading Ltd are separately registered for VAT and so process income and expenditure net of VAT.

28

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31" July 2023

1. ACCOUNTING POLICIES (continued) Leased assets

At inception the company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement.

Operating leased assets

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to surplus or deficit in the Income and Expenditure Account ona straight-line basis over the period of the lease.

Significant management judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

Significant management judgements

The following are management judgements in applying the accounting policies of the company that have the most significant effect on the amounts recognised in the financial statements.

Estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions

that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

29

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31* July 2023

2. REGISTERED SOCIAL LANDLORD ACTIVITIES a. Particulars of income from social housing lettings

Yearto 31st July 2023
Turnover Operating Operating
costs surplus
£ £ £
Social housing lettings (note 3b) 3,244,299 (2,959,364) 284,934
Other social housing activities - - -
3,244,299 (2,959,364) 284,934
Activities otherthan social housing activities 3,309,371 (2,428,571) 880,792
6,553,670
(5,387,943)
1,165,727
eEO——es=—~™>—[@€FeE_=@seECTNx{"{@{N"l__e_ea_—="=ro=q"aqR"veoqw@TjnRanann@[V__=a=Tl=zzyEa_lTl_eoeoe
eeee
Yearto 31st July2022
Turnover Operating Operating
costs surplus
£ £ £
Social housing lettings (note 3b) 2,702,386 (2,602,062) 100,324
Other social housing activities - - -
2,702,386 (2,602,062) 100,324
Activities otherthan social housing activities 1,368,470 (1,387,153) (18,683)
4,070,856 (3,989,215) 81,641
ooo
b.
Particulars ofincome & expenditure from		 social housing lettings
2023 2022
£ s
Rent receivable net of identifiable service charges 1,458,420 1,109,329
Service charges receivable 1,785,878 1,593,056
Gross rents receivable 3,244,299 2,702,386
Turnover from social housing lettings 3,244,299 2,702,386
Management 1,116,909 1,071,258
Rent payable 535,584 345,783
Services 470,707 449,728
Routine Maintenance 282,469 193,967
Bad Debts (Rent Losses) 108,271 81,875
Depreciation 55,404 87,044
(Profit)/loss on sale of social housing property (23,748) (26,195)
Other Costs 413,769 398,602
Operating costs on social housing
lettings 2,959,364 2,602,062
Operating surplus on social housing lettings 284,934 100,324
Rentlossesfromvoids (317,671) (375,482)

b. Particulars of income & expenditure from social housing lettings

30

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31* July 2023

At 1stAugust 2022 184
Additions 35
Disposals (7)
At31stJuly2023 212
  1. INCOMING RESOURCES

Incoming resources were derived 100% from within the United Kingdom (2022: 100%).

Unrestricted Restricted 2023
£ £ f
Incoming resources from generated Funds:
Voluntary income:
- Donations and gifts
Sleepeasy 26,723 - 26,723
Padley -Capital fund
Padley
- Community fund		 -
-		 266,577
200,019		 266,577
200,019
Cotton Lane fitout - 100,000 100,000
Other Donations 625,685 146,539 772,223
Activitiesforgeneratingfunds:
- Hospitalityand room hire income 64,775 = 64,775
- Investmentincome 9,644 = 9,644
- Other 7 = z
Incoming resourcesfrom charitable
Activities:
- Housing
Turnoverfrom lettings 3,244,299 - 3,244,299
- Youth and Communities
BBOgrants - 116,985 116,985
Supportwork 1153 89,742 200,895
-KeyCollege andotherlearning
ESFAcontract (inc Bursary/Tuition fund) 351,080 25,549 376,629
Alternative Provision 140,120 2 140,120
Othertrainingcourseincome 1,974 107,139 109,114
- Earlyyearseducation - 649,093 649,093
- ¥Kidz 239,632 36,942 276,574
- Other - - 7
TotalIncomingResources 4,815,084 1,738,586 6,553,670

31

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31° July 2023

3. INCOMING RESOURCES (continued)

INCOMING RESOURCES (continued)
Unrestricted Restricted 2022
£ £ f
Incoming resources from generated Funds:
Voluntaryincome:
- Donations and gifts
Sleepeasy 28,978 = 28,978
Other Donations 34,259 146,062 180,321
Activitiesforgeneratingfunds:
- Hospitality income 65,378 = 65,378
- Investment income 280 = 280
- Other - = =
Incoming resources from charitable
Activities:
- Housing andSupport
Turnoverfrom lettings 2,702,386 - 2,702,386
BBO grants - 189,726 189,726
Support work 3,860 101,384 105,244
- Key College andotherlearning
ESFA contract (inc Bursary fund) 343,962 36,817 380,779
Alternative Provision 162,254 - 162,254
Other training course income 4,403 26,754 31,157
- YKidz 174,353 47,261 221,614
- Other 2,739 = 2,739
Total IncomingResources 3,522,852 548,004 4,070,856
Impact of acquisition/merger
Included within the figuresabove isthe impactofthefollowing acquisition and mergerthattook took place
during the year.
Derwent SteppingStones Nurseryand CommunityTraining Centre
On 3"October2022 YMCA Derbyshire becamethe sole memberofDerwentStepping Stones Nursery
and Community Training Centre (registered company no. 2826849, registered charity no. 1024544).
The fairvalue of net assetson acquisition (incl. within consolidated otherdonations)were as follows:-
Fair value
Book value adj. Fairvalue
£ £ £
Fixed Assets 1,880,155 (520,906) 1,359,249
Debtors 24,886 - 24,886
Cash 64,796 - 64,796
Creditors falling due within less than 1 year (102,722) - (102,722)
Creditors falling due after more than 1 year (28,883) = (28,883)
Government grants - (1,171,518) (1,171,518)
1,838,232 (1,692,424) 145,809

Impact of acquisition/merger

Included within the figures above is the impact of the following acquisition and merger that took place during the year.

Derwent Stepping Stones Nursery and Community Training Centre

On 3" October 2022 YMCA Derbyshire became the sole member of Derwent Stepping Stones Nursery and Community Training Centre (registered company no. 2826849, registered charity no. 1024544). The fair value of net assets on acquisition (incl. within consolidated other donations) were as follows:-

32

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31* July 2023

3. INCOMING RESOURCES (continued)

Padley Group

On 15th July 2023 the assets and liabilities of The Padley Group (registered company no. 2769300, registered charity no. 1015652) were donated to YMCA Derbyshire as part of a process of merger. This included the donation of 100% of the shares of Padley Trading limited (registered company no. 2635560). The value of net assets donated at 15th July 2023 were as follows:-

£
Fixed Assets 2,298
Debtors 80,071
Cash 440,243
Creditors fallingdue within less than 1 year (74,619)
~4a7,993_
Funds
Padley capital fund 266,577
PadleyCommunity fund 181,416
447,993
RESOURCES EXPENDED
:
aei		 Other
Mirect
costs		 Pnapay Total2023 Total 2022
£ fe £ £ £
Charitable Activities
Housing 526,725 1,959,984 472,654 2,959,364 2,607,725
Youth and communities 279,148 135,226 51,124 465,497 365,802
Training and Education 490,084 232,788 99,518 822,390 679,398
EarlyYears Education 498,921 152,237 50,000 701,159 -
Children and Young People 203,545 74,633 38,410 316,588 213,325
Non Charitable Activities
Fundraising 16,578 15,192 36,275 68,045 61,004
Costs ofothertrading
activities 32,713 15,137 7,050 54,901 61,961
TotalCosts 2,047,714 2,585,197 755,031, 5,387,943 3,989,215

4. RESOURCES EXPENDED

  1. SURPLUS FOR THE YEAR

The surplus of income over expenditure is stated after charging:

2023 2022
£ £
Auditor remuneration - in their capacity as auditor 18,000 11,100
Depreciation of tangible fixed assets (owned by the company) 81,722 78,514
Profit/(loss) on sale of Fixed Assets 23,748 26,195
Rent losses from bad debts 108,271 81,875
Operatingleases:
LandandBuildings		 600,147 409,922

33

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31 July 2023

6. STAFF COSTS

The average monthly number of persons employed by the group during the period was:

Employee Numbers 2023 2022
Fundraising Activities 3 3
Charitable Activities 135 98
Management 4 4
142 105
2023 2022
Employee Costs £ £
Wages and Salaries 2,544,317 1,845,361
Social Security Costs 193,960 148,399
Pension Costs 171,148 145,322
2,909,425 2,139,082
Restructuring costs 37,351 9,291
2,946,776 2,148,373

None of the Charity Trustees received any remuneration in the period (2022: nil). No Charity Trustees received re-imbursement for out of pocket expenditure (2022: nil). Two employees earned more than £60,000 (exclusive of company pension and national insurance contributions) in the year (in the following bands):-

bands):-
2023 2022
£60,001 - £70,000 0 1
£70,001 - £80,000 1 1
£80,001 - £90,000 1 0)

The Accounting Direction for Registered Providers of Social Housing 2019 extends the statutory definition of director to include the chief executive and the senior management team of the Charity. The aggregate amount of emoluments payable (including company pension and National insurance contributions) in respect of the chief executive and senior management team in the period was £336,286 (2022: £294,747), which includes pension costs of £26,978 (2022: £24,340) in money purchase schemes. These are considered to be the key management personnel of the organisation. The highest paid employee during the year was the Chief Executive. The aggregate amount of emoluments payable (including company pension and National insurance contributions) in respect of the Chief Executive in the period was £102,213 (2022: £95,732) which includes pension contributions of £12,130 to a defined contribution scheme (2022: £11,366). The Chief Executive had overall responsibility for the running of the day to day affairs of the company.

7. INTEREST PAYABLE AND SIMILAR CHARGES

Bank loans

2023 2022
if £
33,445 15,602

34

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31° July 2023

8. TANGIBLE FIXED ASSETS

Consolidated fixed assets

At At
1st August 31st July
2022 Additions Disposals Revaluations 2023
£ £ £ £ £
COST OR VALUATION
Freehold property (Social
Housing) 2,888,490 90,500 (117,000) - 2,861,990
Freehold property (Non Housing) 883,510 - 95,000 978,510
Net cost offreehold property 3,772,000 90,500 (117,000) 95,000 3,840,500
Leasehold Property (Early Years) - 1,326,294 - - 1,326,294
Motorvehicles 35,395 20,634 - - 56,029
Computerequipment 424,784 44,353 - - 469,137
Fixtures and fittings 543,019 56,856 (2,505) - 597,370
Asset under construction 120,823 2,167,648 - - 2,288,471
4,896,021 3,706,285 (119,505) 95,000 8,577,801
DEPRECIATION
Leasehold Property (Early Years) - 54,250 - - 54,250
Motorvehicles 34,436 4,978 - - 39,414
Computerequipment 354,228 41,518 - - 395,746
Fixtures and fittings 453,366 38,819 (1,796) - 490,389
842,030 139,565 (1,796) - 979,799
NET BOOK VALUE
Freehold property (Social
Housing) 2,888,490 2,861,990
Freehold Property (Non Housing) 883,510 978,510
Freehold Property (EarlyYears) - 1,272,044
Motor vehicles 959 16,615
Computerequipment 70,556 73,391
Fixtures and fittings 89,653 106,982
Asset underconstruction 120,823 2,288,471
4,053,992 7,598,002

35

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31° July 2023

8. TANGIBLE FIXED ASSETS (continued)

Charity fixed assets

At At
1st August 31st July
2022 Additions Disposals Revaluations 2023
£ £ £ £ £
COST OR VALUATION
Freehold property (Social
Housing) 2,888,490 90,500 (117,000) - 2,861,990
Freehold property (Non Housing) 883,510 - - 95,000 978,510
Net cost offreehold property 3,772,000 90,500 (117,000) 95,000 3,840,500
Motorvehicles 35,395 20,634 - - 56,029
Computer equipment 424,784 32,321 - - 457,105
Fixtures and fittings 543,019 28,746 (2,505) - 569,260
Asset underconstruction 63,510 585,393 - - 648,903
__4,838,708
757,593_—((119,505)
95,000 5,571,796
DEPRECIATION
Land and buildings - - - “ -
Motorvehicles 34,436 4,978 - - 39,414
Computerequipment 354,228 38,112 - - 392,340
Fixtures and fittings 453,366 38,632 (1,796) - 490,202
842,030 81,722 (1,796) - 921,956
NET BOOKVALUE
Freehold property (Social
Housing) 2,888,490 2,861,990
Freehold Property (Non Housing) 883,510 978,510
Motorvehicles 959 16,615
Computer equipment 70,556 64,765
Fixtures and fittings 89,653 79,058
Asset under construction 63,510 648,903
3,996,679 4,649,840

Land and buildings

Social housing properties - The London Road site was valued by Lambert Smith Hampton (Chartered Surveyors) on an open market basis on 31* July 2021. 37 Ward street was disposed of in February 2023 for £141,500 (previous valuation £117,000). 98 Randolph Road was purchased in January 2023 for £90,500.

Non housing properties — The Osmaston Road site was sold in August 2023 for £325,000 with the property revalued to this amount from £230,000 at 31° July 2023.

The historic cost of freehold land and buildings is £4,669,500.

Leasehold property - The property at St Marks Road, owned by Derwent Stepping Stones, is built on leased land owned by Derby City Council. This property is included in the accounts at build cost less depreciation with the component depreciation spread over up to 50 years.

The Asset under construction reflects costs incurred in the development of flats at Cotton Lane in Derby.

The Net book value of assets that are providing security for the Nat West Bank Loan is £3,425,000.

36

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31* July 2023

9. INVESTMENTS IN SUBSIDIARIES

Shares in
Group cos. Total
Ee £
At 1stAugust 2022 2 2
Additions 2 -
Disposals - -
Provision for gains/(losses) - -
At31stJuly2023 4 2

YMCAD Property Development Limited, a private company limited by shares, was incorporated in Great Britain on 13" October 2020 and is a wholly owned subsidiary. The com pany principally involved in the development of new property for the Charity and incurred costs in the period towards the development of flats at Cotton Lane in Derby but generated no income in the period.

Padley Trading, a private company limited by shares, is a wholly owned subsidiary. The shares were donated to the Charity by The Padley Group on merger on 15" July 2023.

10.DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Charity Group Charity
2023 2023 2022 2022
£ £ £ £
Rental debtors 361,090 354,587 223,824 223,824
Provision (87,355) (84,563) (64,050) (64,050)
Net Rental debtors 273,735 270,024 159,774 159,774
Other debtors 181,823 165,662 93,159 81,696
Amountsowed bygroupcompanies - 1,395,545 - 68,776
Prepayments and accrued income 316,984 327,287 175,788 175,788
772,542 2,158,518 428,721 486,034

No disclosure has been made of the net present value of rental arrears subject to repayment plans as the amount is considered to be insignificant.

11.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Charity Group Charity
2023 2023 2022 2022
£ £ £ £
Bank Loan 39,921 29,845 35,851 35,851
Trade Creditors 6315177 278,441 165,969 165,969
Taxation and Social Security 66,038 57,049 47,907 47,907
Other Creditors 1,081 733 11,685 11,687
Accruals 334,470 325,673 192,300 192,300
Deferred income 75,729 75,729 132,903 132,903
1,148,415 767,471 586,615 586,617

37

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31° July 2023

11.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR (Continued)

For details of security provided for the bank loan see Note 12.

The deferred income movement is as follows:-

2023 2022
£ £
Deferred income at 1August 2022 132,903 13,726
Released to income duringthe year (132,903) (13,726)
Income received in the current year deferred 75,729 132,903
Deferredincomeat31July2023 75,729 132,903

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Charity Group Charity
2023 2023 2022 2022
£ E £ £
Bank Loans 574,769 554,103 581,395 581,395

The Bank Loan in YMCA Derbyshire is secured by a first legal charge over the freehold land and buildings at 770 London Road, Derby and represents 18%ofthe value of the charged property. Interest is charged on the Bank Loan at a rate of 2% over base rate.

The bank loan in Derwent Stepping Stones comprises a 2.5% fixed rate loan totalling £50,000 repayable by equal instalments by June 2026, following a 12 month capital repayment holiday.

The Bank Loans are repayable in instalments as follows:

Group Charity Group Charity
2023 2023 2022 2022
£ £ £ £
In the next year 39,921 29,845 35,851 35,851
Between one and two years 42,139 31,911 37,030 37,030
Between two and five years 120,733 110,161 118,561 118,561
Over five years _ 411,897 412,031 425,804 425,804
614,690 583,948 617,246 617,246
MOVEMENT IN NET DEBT
Asati
August
2022		 Cashflows Acquisition
of
subsidary		 Othernon
cash
changes		 ee
8
July 2023
y
£ £ £ £ £
Cash and bank 811,749 1,674,156 64,481 - 2,550,386
Bank loan within 1 year (35,851) 41,440 (12,033) (33,477) (39,921)
Bank loan over 1 year (581,396) - (26,851) 33,477 (574,769)
194,502 1,715,596 25,598 - 1,935,696

13. MOVEMENT IN NET DEBT

38

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31° July 2023

14. GOVERNMENT GRANTS

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Group|Charity|Group|Charity| |2023|2023|2022|2022| |£|£|£|£| |Homes|England|grant|(Cotton|Lane| |Development)|2,686,450|2,686,450|=|=| |Various|grants|(St|Marks|Road|Nursery)|1,123,598|-|-|-| |3,810,048|2,686,450|=|=| |‘ice|Grants|Grants|ine|As at 31| |2022|received|amortised|subsidiary|July 2023| |£|£|£|£|£| |Homes|England|grant|(Cotton| |Lane|Development)|-|2,686,450|-|-|2,686,450| |Various|grants|(St|Marks|Road| |Nursery)|-|~|(47,919)|1,171,518|1,123,598| |-|2,686,450|(47,919)|1,171,518|3,810,048| |15.STATEMENT|OF|FUNDS| |At|1st|A| |Bement|fiat|t 31 July| |2022|Movement|_|Transfers|2023| |£|£|£|£| |Unrestricted|funds:| |General|reserve|3,610,448|747,221|(240,655)|4,117,013| |Designated|funds| |Planned|Periodic|Maintenance|- Campus|326,143|(26,592)|30,000|329,551| |Planned|Periodic|Maintenance|- The|Glebe|-|9,945|10,155|20,100| |Revaluation|reserve|19,774|-|95,000|114,774| |Residents|fund|2,003|(3,960)|3,000|1,043| |Learners|Fund|303|-|-|303| |Utilities|fund|-|-|80,000|80,000| |Strategic|Development|Fund|12,000|(14,500)|22,500|20,000| |Total|designated funds|360,222|(35,107)|240,655|565,771| |Total|unrestricted|funds|3,970,670|712,114|-|4,682,784| |Restricted|funds:| |Fundraiser|1,913|(1,913)|-|-| |Residents|fund|-|-|-|-| |Children|in|Need|-|Employability|1,844|(1,844)|-|0| |Youth|Alliance|-|1,500|-|1,500| |BBO|Grants|-|-|-|-| |YMCA|England|- Move|on|fund/Room|Sponsor|-|7,911|-|7,911|

----- End of picture text -----

39

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31* July 2023

Youth and Communities fund 93,999 (84,996) - 9,003
Allotments fund 12,500 (3,986) - 8,514
B&Qgrant (allotments) 2,528 (2,528) - -
NHS grant (allotments) 2,064 (2,064) - -
Asda (allotments) 7i7 (717) - -
YMCA England - allotments 794 (794) - -
Allotment association funds - 663 - 663
Warm welcome grant - - - -
Derbyshire Community Health - 3,280 - 3,280
UKSPF -Green Connector - 14,956 - 14,956
Community Action - Wellbeing - 10,607 - 10,607
Minibus fund - 570 - 570
Padley@YMCA - Propertyfund - 266,577 - 266,577
Padley@YMCA -Communityfund - 167,134 - 167,134
Homes England - Cotton Lane build = = = -
Garfield Weston Foundation - 100,000 - 100,000
DSS general funds - 93,743 - 93,743
DSSWarm Hub grant - - - -
Learnersfund - 2,000 - 2,000
UKSPF -Thriving futures - - - -
Multipliergrant - - - -
Heritage Lottery fund - - - -
Kickstart - - - -
DerbyCollege -Transition mentoring 2,250 (2,250) - -
Derbyshire County Council - - - -
Community action -Transition Mentoring 5,185 (5,185) - -
HAF project 26,022 (15,414) - 10,608
EFA Bursary Fund 13,246 1,362 - 14,608
ESFA Tuition fund - - - -
Total restricted funds 163,063 548,613 - 711,676
Totalfunds 4,133,733 1,260,727 - 5,394,460

40

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31* July 2023

15.STATEMENT OF FUNDS (continued)

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |1st|August|Net|31|July| |2021|Movement|_|Transfers|2022| |£|£|£|£| |Unrestricted|funds:| |General|fund|3,720,434|20,514|(130,500)|3,610,448| |Designated|funds| |Planned|Periodic|Maintenance|225,594|(19,451)|120,000|326,143| |Revaluation|reserve|19,774|-|-|19,774| |Residents fund|967|(1,955)|3,000|2,002| |Learners|Fund|303|-|-|303| |Strategic|Development|Fund|12,000|(7,500)|7,500|12,000| |Total|designated|funds|258,638|(28,916)|130,500|360,222| |Total|unrestricted funds|3,979,072|(8,402)|-|3,970,670| |Restricted|funds:| |Fundraiser|-|1,913|-|1/913| |Children|in|Need|-|Employability|11,458|(9,613)|1,844| |Derby Homes|- This|is|Derby|project|20,518|(20,518)|.|-| |Youth|Alliance|-|-|-|-| |BBO|Grants|-|-|-|-| |YMCA|England|-|Move|on|fund/Room| |Sponsor/Allotments|1,000|(206)|d|794| |Derby Homes|-|Psychotherapy|1,667|(1,667)|c| |Derbyshire|Community|Health|652|(652)|=|m| |NHS|(sexual|health)|-|-|-|-| |Poverty|Truth|Commission|-|“|5|S| |Youth|and|Communities|fund|93,999|-|93,999| |Allotments fund|-|12,500|12,500| |B & Q grant|(allotments)|-|2,528|2,528| |NHS grant|(allotments)|-|2,064|-|2,064| |Asda|(allotments)|-|717|-|717| |Duke|of Devonshire|2,500|(2,500)|=| |Derby County Community Trust|7,120|(7,120)|"|.| |Kickstart|-|-|-| |Derby|College — transition|mentoring|-|2,250|-|2,250| |Community|Action|- Transition|Mentoring|-|5,185|-|5,185| |HAF|project|20,280|5,742|-|26,022| |ESFA|Bursary|Fund|7,825|5,421|7|13,246| |Total|restricted funds|a|ae|re| |Total funds|4,052,092|84,641|-|4133,733|

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41

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31“ July 2023

15.STATEMENT OF FUNDS (continued)

Fund movements — Year to July 2023

Fund movements — Year to— Year toYear toto July 20232023
Other
recognised Net
Incoming Outgoing Gains & Losses Movement
£ £ £ £
Unrestricted funds:
General reserve 4,805,139 (4,152,918) 95,000 747,221
Designated funds
Planned Periodic Maintenance - (26,592) 2) 140265592)
Planned Periodic Maintenance -The
Glebe 9,945 - . 9,945
Revaluation reserve - = - ai
Residentsfund - (3,960) - (3,960)
Learners Fund - - - -
Utilities fund - - - -
Strategic Development Fund - (14,500) -_ (14,500)
Total designated funds 9,945 (45,052) - (35,107)
Total unrestricted funds 4,815,084 (4,197,970) 95,000 712,114
Restricted funds:
Fundraiser - (1,913) - (1,913)
Residents fund 160 (160) - -
Children in Need - Employability “ (1,844) (1,844)
Youth Alliance 9,000 (7,500) - 1,500
BBO Grants 116,985 (116,985) - (0)
YMCA England - Move on fund/Room
Sponsor 14,832 (6,921) - 7,911
Youth and Communities fund - (84,996) - (84,996)
Allotments fund - (3,986) - (3,986)
B&Qgrant (allotments) - (2,528) - (2,528)
NHS grant (allotments) - (2,064) - (2,064)
Asda (allotments) - (717) - (717)
YMCA England- allotments - (794) - (794)
Allotment association funds 995 (332) - 663
Warm welcome grant 4,000 (4,000) = =
DerbyshireCommunity Health 3,850 (570) - 3,280
UKSPF - Green Connector 27,065 (12,109) - 14,956
Community Action - Wellbeing 30,000 (19,393) - 10,607
Minibus fund 570 - - 570
Padley@YMCA- Propertyfund 266,577 - - 266,577
Padley@YMCA -Communityfund 200,019 (32,885) - 167,134
Homes England - Cotton Lane build - - - -
Garfield Weston Foundation 100,000 - - 100,000
DSSgeneralfunds 794,902 (700,284) - 93,743

42

YMCA DERBYSHIRE

Notes to the Financial statements

Yearended ended 31°July2023 2023
DSSWarm Hub grant 875 (875) : 3
Learnersfund 2,000 - - 2,000
UKSPF -Thriving futures 42,548 (42,548) - .
Multiplier grant 47,553 (47,553) - °
Heritage Lotteryfund
Kickstart		 6,620
6,554		 (6,620)
(6,554)		 :
-		 .
-
DerbyCollege -Transition mentoring - (2,250) - (2,250)
Derbyshire CountyCouncil 1,864 (1,864)
Community action - Transition
Mentoring - (5,185) - (5,185)
HAF project 36,942 (52,356) - (15,414)
EFA Bursary Fund 13,387 (12,025) - 1,362
ESFA Tuition fund 12,162 (12,162) " .
Total restricted funds 1,738,586 (1,189,973) ~ 548,613
Totalfunds 6,553,670 (5,387,943) 95,000 1,260,727

43

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31% July 2023

15.STATEMENT OF FUNDS (continued)

Fund Movements — Year to 31° July 2022

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Other| |recognised|Net| |;|.|Gains|&| |Incoming|Outgoing|pes|Movement| |£|£|£|£| |Unrestricted|funds:| |General|fund|3,522,852|(3,502,338)|-|20,514| |Designated|funds| |Planned|Periodic|Maintenance|-|(19,451)|-|(19/451)| |Revaluation|reserve|-|-|~|-| |Residents fund|-|(1,965)|-|(1,965)| |Learners|Fund|-|-|-|-| |Strategic Development|Fund|-|(7,500)|-|(7,500)| |Total|designated|funds|-|(28,916)|-|(28,916)| |Total|unrestricted|funds|3,522,852|(3,531,254)|-|(8,402)| |Restricted|funds:| |Fundraiser|8,563|(6,650)|-|1,913| |Children|in|Need|-|Employability|28,829|(38,442)|(9,613)| |Derby|Homes|- This|is|Derby|project|-|(20,518)|-|(20,518)| |Youth|Alliance|18,000|(18,000)|-|-| |BBO|Grants|189,726|(189,726)|-|-| |YMCA|England|-|Move|on|fund/Room| |Sponsor/Allotments|7,197|(7,403)|-|(206)| |Derby|Homes|-|Psychotherapy|5,000|(6,667)|-|(1,667)| |Derbyshire|Community|Health|-|(652)|-|(652)| |NHS|(sexual|health)|32,427|(32,427)|-|-| |Poverty|Truth|Commission|1,902|(1,902)|e|=| |Youth and|Communities fund|124,999|(31,000)|-|93,999| |Allotments|fund|12,500|-|-|12,500| |B & Qgrant|(allotments)|5,000|(2,472)|-|2,528| |NHS|grant|(allotments)|2,064|“|s|2,064| |Asda|(allotments)|966|(249)|-|ZAZ| |Duke|of Devonshire|-|(2,500)|-|(2,500)| |Derby County Community Trust|-|(7,120)|-|(7,120)| |Kickstart|22,254|(22,254)|2| |Derby College — Transition|mentoring|11,250|(9,000)|-|2,250| |Community Action|- Transition|Mentoring|8,658|(3,473)|-|5,185| |HAF|project|47,261|(41,519)|-|5,742| |ESFA|Bursary|Fund|21,409|(15,988)|2|5,421| |Total|restricted|funds|548,004|(457,961)|-|90,043| |Total funds|4,070,855|(3,989,215)|-|84,641|

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44

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31* July 2023

15.STATEMENT OF FUNDS (continued) Funds Commentary

Unrestricted Funds: Designated Funds (including Transfers)

Planned periodic maintenance

YMCA Derbyshire has put aside a sum of money each year to cover major repair liabilities and to allow for planned periodic maintenance and renovations. A separate fund for planned work at The Glebe has been created in the year.

Residents Fund

The residents fund has been created by designating various sundry income streams to fund ad hoc needs of residents (both individually and corporately) as they arise. Examples of expenditure in the period are travel cost to interviews and the purchase of clothing for interviews among other things.

Learners Fund

The learners fund has been created by designating various sundry income streams to fund ad hoc needs of learners (both individually and corporately) as they arise.

Utilities Fund

A fund has been created to help fund an expected increase in housing utility bills from October 2023 funded from increased rents from April 2023.

Strategic development Fund

The strategic development fund was created to enable development in new activities. The fund is currently designated to support the development of new build housing.

General fund

The general fund represents the balance of funds which are not designated or restricted.

Restricted funds

Fundraiser

These donations have been received to support the work of the YMCA Fundraiser post.

Children in Need — Employability

This grant supports young people on their pathway to employment through the employment of an Employability Coach who works with young people to build skills and employers to facilitate successful work experience.

Youth alliance

This grant is delivering bespoke 1-1 mentoring, social action initiatives, therapeutic counselling, sports, arts and nature-based activities to support young people to increase their physical and mental wellbeing, forge connections, build their self-esteem and increase their confidence.

45

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31" July 2023

15.STATEMENT OF FUNDS, continued

Building Better Opportunities

We are active in three strands to this ESF based funding — Opportunity & Change, Towards Work and Money Sorted. All three provide tailored advice, support and signposting to individuals to move them closer to employment.

YMCA England and Wales — Room sponsor

This grant enables our YMCA to provide vital health and wellbeing activities and personalised support to young people living at our YMCA with the aim of supporting young people to move along their positive pathways and into independent living.

Youth and Communities fund

This fund has been created from restricted donations to support the youth and communities work of the charity.

Allotments funds (inc grants from B & Q, NHS, Asda, and YMCA England and Wales)

Funds from grants and donations to support the work of YMCA Derbyshire at the allotments in Wilmorton, Derby.

Allotment Association funds

Represents funds received from allotment holders to support the administration of the allotment association.

Warm Welcome grant

Provision of warm space, food, activities and energy advice for community members most in need.

Derbyshire Community Health

The project will engage with YMCAD residents aged 16-25 from within our Housing and YMCA Key College provision, supporting young people to explore and understand safer relationships and provide sexual health advice.

UKSPF - Green Connector

Green Connector is an asset-based community development (ABCD) project along the themesofgreen spaces, growing and nutrition, community connectedness and pride, and citizen wellbeing and skills:

Community Action — Wellbeing Coach

Derby Wellbeing ensures that support is joined up, focuses on the whole person’s needs and can be easily accessed from the community. Our grant has enabled us to employ a dedicated Wellbeing Coach that supports individuals across the city of Derby.

Minibus fund

Funds received to support the purchase of a new minibus for YMCA Derbyshire

46

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31* July 2023

15.STATEMENT OF FUNDS, continued

Padley@YMCA- Property fund

Represents received on merger with Padley Group. The capital fund represents funds set aside to support the relocation of the Padley day centre and warehouse.

Padley@YMCA - Community fund

Represents received on merger with Padley Group. The community fund represents funds set aside to support the community activities of the Padley day centre and warehouse.

Homes England - Cotton Lane build

Represents funds received from the Homes England to support the construction of flats at Cotton Lane in Derby.

Garfield Weston Foundation

Represents funds received from the Garfield Weston Foundation to support the fit out of the Cotton Lane development.

DSS general funds

Represents funds associated with the acquisition of Derwent Stepping Stones nursery and community training centre and delivery of early years education through the subsidiary company.

DSS Warm Hub grant

Provision of warm space, food, activities and energy advice for community members most in need at the DSS centre in St Marks Road.

Learners fund

Represents funds received to meet the needs of learners as they arise.

UKSPF - Thriving futures

This grant seeks to build employability skills and awareness of skill needs and jobs in the Derby area. Provision is based on four activity hubs which are in wards with high levels of deprivation in which there are high levels of economically inactive people.

Multiplier grant

The Multiply project is a government initiative helping adults to improve their numeracy skills which will help in daily life.

Heritage Lottery fund

The project aims to engage the young people in exploring key heritage and conservation sites in Derby and Derbyshire to understand the employment opportunities linked to these in the past and present.

Kickstart project

Grant funding to provide support for apprenticeships within YMCA Derbyshire

47

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31° July 2023

15.STATEMENT OF FUNDS, continued

Derby College/Community Action - Transition grant

This grant covers the provision of mentoring and well being support for young people transitioning into post 16 education

HAF project

This grant has been received to support the provision of holiday activities inclusive of a main meal for those entitled to free school meals.

ESFA bursary fund

The EFA bursary fund is provided by the EFA to enable support to learners in need through the provision of bursaries or the covering of expenses for necessary food, travel and materials.

ESFA tuition fund

The purpose of the fund is to provide of extra support to students of 16 to 19 years of age (or up to 24 with an EHCP) with low prior attainment in English or mathematics in Year 11, or from economically disadvantaged areas, whose education was disrupted by the COVID-19 pandemic.

48

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31° July 2023

16.ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed
Assets		 pada
—
Assets		 Longterm
Liabilities		 Total
2023
£ £ £ £
Restricted funds
Youth Alliance - 1,500 - 1,500
YMCA England - Move on fund/Room Sponsor - 7,911 - 7ST.
Youth and Communities fund - 9,003 - 9,003
Allotments fund - 8,514 - 8,514
Allotment association funds - 663 - 663
Derbyshire Community Health - 3,280 - 3,280
UKSPF -Green Connector 12,102 2,854 - 14,956
Community Action -Wellbeing 10,607 - 10,607
Minibus fund 570 - 570
Padley@YMCA - Propertyfund - 266,577 - 266,577
Padley@YMCA -Community fund 2,632 164,502 - 167,134
Homes England - Cotton Lane build 1,738,471 947,979 (2,686,450) -
Garfield Weston Foundation - 100,000 - 100,000
DSS general funds 1,308,594 (70,452) (1,144,399) 93,743
Learnersfund - 2,000 - 2,000
HAF project - 10,608 - 10,608
EFA Bursary Fund - 14,608 - 14,608
3,061,799 1,480,726 (3,830,849) 711,676
Designated funds
Planned Periodic Maintenance - Campus - 329,551 - 329,551
Planned Periodic Maintenance -The Glebe - 20,100 = 20,100
Revaluation reserve 114,774 - . 114,774
Residents fund 1,043 - 1,043
Learners Fund - 303 - 303
Utilitiesfund - 80,000 - 80,000
Strategic Development Fund - 20,000 - 20,000
Total designated funds 114,774 450,997 - 565,771
General reserve 4,421,429 249,552 (553,968) 4,117,013
Total unrestricted funds 4,536,203 700,549 (553,968) 4,682,784
Totalfunds 7,598,002 2,181,275 (4,384,817) 5,394,460

49

YMCA DERBYSHIRE

Notes to the Financial statements

Year ended 31° July 2023

16.ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |;|Net| |Year ended 31° July 2022|a|current|poi|a|ptr| |Assets| |£|£|£|£| |Restricted|funds| |Fundraiser|-|1,913|-|1,913| |Children|in|Need|-|Employability|-|1,844|-|1,844| |YMCA|England|-|Allotments|-|794|-|794| |Youth|and|Communities|fund|-|93,999|-|93,999| |Allotments fund|-|12,500|-|12,500| |B & Qgrant|(allotments)|-|2,528|-|2,528| |NHS|grant|(allotments)|-|2,064|-|2,064| |Asda|(allotments)|-|717|-|717| |Derby|College|-|2,250|2,250| |Transition|Mentoring|-|5,185|-|5,185| |HAF|project|-|26,022|-|26,022| |EFA|Bursary|Fund|-|13,246|13,246| |Total|restricted funds|-|163,063|-|163,063| |Designated|funds| |Planned|Periodic|Maintenance|-|326,143|-|326,143| |Revaluation|reserve|19,774|-|-|19,774| |Residents|fund|-|2,002|-|2,002| |Learners fund|-|303|303| |Strategic|Development|Fund|-|12,000|:|12,000| |Total|designated|funds|19,774|340,448|-|360,222| |General|fund|4,034,218|157,626|(581,396)|3,610,448| |Total|unrestricted funds|4,053,992|498,074|(581,396)|3,970,670| |Total|funds|4,053,992|661,137|(581,396)|4,133,733| |17.|ANALYSIS|OF|CASH|PROVIDED|BY|OPERATING|ACTIVITIES|

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||||||||| |---|---|---|---|---|---|---|---| |2023|2022| |£|£| |Operating|surplus/ (deficit)|1,165,727|81,641| |Add|back| |Depreciation|charges|139,565|78,514| |Net|interest| |paid/(received)|23,801|15,322| |(Profit)/loss|of|sale|of|fixed|assets|(23,748)|(26,195)| |Receipt|of|government|grants|2,686,450|-| |Movement|in|working| |capital|1,374,724|135,687| |Cash|provided|by operating|activities|5,366,519|284,969|

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50

YMCA DERBYSHIRE Notes to the Financial statements Year ended 31 July 2023

18.PENSION COMMITMENTS

YMCA Derbyshire provides a defined contribution Stakeholder Pension for senior employees through Scottish Widows and a scheme for other employees through People’s Pension.

The employers’ contributions to the schemes are charged to the Income and Expenditure Account for the year ended 31 July 2023 were £171,148 (2022: £145,322). The amount of pension contributions payable at the 31 July 2023 was £16,442 (2022: £11,071).

19.LIABILITY OF MEMBERS

The company is limited by guarantee and does not have a share capital. The liability of each member on winding-up is restricted to a maximum of £1. At 31 July 2023 there were 12 full members of the company (31 July 2022: 12).

20.LEASING COMMITMENTS

At 31 July 2023 the Group and Charity had aggregate commitments under non-cancellable operating leases as set out below:

Land & Other Land & Other
Buildings Buildings
2023 2023 2022 2022
£ £ £ £
Operating leases expense:
Within 1 year 383,773 - 167,499 -
Within 2 to 5 years 1,043,132 - 128,441 -
Over5 years 1,588,000 - - -
3,014,905 - 295,940 -

21. CAPITAL COMMITMENTS

The Group and Charity had capital commitments of £3,539,177 relating to the Cotton Lane project at 31* July 2023 (2022 - £Nil).

22. RELATED PARTY TRANSACTIONS

There were no related party transactions during the financial year.

22. POST BALANCE SHEET EVENTS

Contracts have been agreed to refurbish and upgrade housing blocks at the London Road site in Derby. The total cost of works committed is £1,646,509. A grant from Homes England has been committed for £700,000 and a further Bank facility of £1,000,000 agreed with Nat West to help fund the works.

The purchase of a property in Parcel Terrace, Derby was completed on 7 December 2023 to provide a new home for the Padley@YMCA services. The cost of the property is £420,000 funded from a grant from Derby City Council and the Padley Capital fund.

51