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← YMCA Essex

2025-03-31-accounts

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

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YMCA ESSEX

REPORT OF THE TRUSTEES AND AUDITED

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, CONSOLIDATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

Page CONTENTS

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1 STRUCTURE AND ADMINISTRATIVE INFORMATION

2 OUR AIMS AND OBJECTIVES

3 THE TRUSTEES’ AND STRATEGIC REPORTS FOR 2024/25

7 GOVERNANCE AND MANAGEMENT

: e Risk Management 9 FINANCIAL INFORMATION

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12 REPORT OF THE INDEPENDENT AUDITORS 15 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES 17 CONSOLIDATED BALANCE SHEET 18 CONSOLIDATED STATEMENT OF CASH FLOWS 19 NOTES TO THE FINANCIAL STATEMENTS

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

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STRUCTURE AND ADMINISTRATIVE INFORMATION

Board of Trustees Name: Office:

Serving on Committees:

Mr Mike Bromfield Chair Finance Mr Paul Coleman Vice Chair Finance Mr Michael Minta Treasurer Finance Mr David Clarke (resigned 4 February 2025) Mr John Blair Mr Khan Kassam Finance Mrs Ashley Miller Bryant Finance Mrs Paulina Newman Mrs Nicola Tandy Mr Rakesh Krishnan

In addition, Board meetings were usually attended by:

Lady Rosemary Ruggles-Brise DL President Mr David Clarke Company Secretary

Senior Management Staff Chief Executive

Revd Andy Drake

Contact details Address & Registered Office

YMCA Essex Victoria Road Chelmsford Essex CM1 1NZ

Telephone Website : Email Registered charity number Company number

01245 355677 www. ymcaessex.org.uk admin@ymcaessex.org.uk 1054070 3171206 :

Main advisers

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Auditors: THP Limited Chartered Accountants and Statutory Auditors 34-40 High Street Wanstead London E11 2R)}

Bankers: Barclays Bank PLC ; Barclays Business Centre 40-41 High Street Chelmsford CM1 1BG

HR Consultants: , BrightHR Peninsula Building Victoria Place Cheetham Hill Manchester M4 4FB

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

YMCA ESSEX

YMCA Essex is one of 84 YMCAs who constitute the YMCA Federation in England and Wales, working with young people and transforming lives throughout the country. Founded in 1844, the Federation is in turn part of the YMCA World Alliance and now reaches more than 65 million people in 120 countries worldwide, working with young men and women regardless of race, religion, or culture.

YMCA Essex is a Christian charity rooted in local communities and working with people of all faiths and none to meet the needs of children, young people, and their families, and supporting them so they can develop and grow and ‘ achieve their goals in life. Our premises in Chelmsford and Colchester provide the base for our activities across a wide and expanding area of Essex. We influence the lives of thousands of young people every year through a diverse range of programmes and services focused on their individual needs.

We have established a trading company, ‘YMCA Essex (Trading) Ltd’ [company number 03041709]. The trading company is a wholly owned subsidiary of the charity and carries out several activities with the aim of creating a surplus to be used for the benefit of the charity.

OUR AIMS AND OBJECTIVES

In summary, the objectives of YMCA Essex are to enable Christians to come together with people of other faiths and of none to help young people with their personal, social, educational and spiritual development, to provide accommodation, and to improve their health and wellbeing through the services and support we can offer them.

These objectives have shaped the Mission, Strapline, Values and Priorities of YMCA Essex:

Our Mission:
Ensuring every youngperson in Essex can belong, contribute and thrive
Our Strapline:
Here for Young People. Here forCommunities, Here for You
Our Values:
e Kindness - love in action
e §©6Fairness ~ equitable treatment for all
e Professionalism - everyday excellence
* Perseverance ~ never giving up hope
¢ Joy - delighting in life
Our Priorities:
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1.
GROWTH: in both reach and depth
2.
AWARENESS: telling the story ofYMCA transformation in fresh ways
3.
PERSON-CENTRED:maintainingakeenfocusonindividualcare

We have taken account of the Charity Commission's Public Benefit Guidance in establishing and reviewing our aims and objectives, and in planning and resourcing our activities to achieve them. We offer services to children, young people and families across a wide area of Essex. We work with all people, while focusing especially on those with greater needs and fewer opportunities. We help to give children a better start in life. We provide positive activities, safe places to go, role models and mentors for young people. We help families through difficult times at home, in school, in tocal communities, in finding somewhere to live, and in work and finding work. We aim to make a real difference to the lives of all those with whom we work.

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

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THE TRUSTEES’ AND STRATEGIC REPORTS FOR 2024/2025

Our Services

We provided a wide range of services, projects and activities during 2024/2025 including:

Housing Work

At YMCA Colchester we have 44 flats available for rent to homeless young people aged between 16 - 25. They can stay at YMCA Colchester for up to two years and during their time with us are given support in many areas to help them move on to independent living successfully. Support includes budgeting, claiming benefits, getting into, staying at, and finishing college, finding work and sustaining a job, coping with mental and physical ill health, sexual health advice, rebuilding relationships with family and many other things.

. Most of the lighting in the building has now been upgraded to LED, with just the top floor to be done. This should lead to some cost savings over time. The building passed both the five-year electrical periodic test and the Fire Risk Assessment, and any works raised from those has been completed.

We continue to work closely with the DWP and now Your Own Place who are a CIC. They meet with selected residents and carry out group and 1:1 sessions around tenancy sustainment, money management and move-on. Some residents will receive an AQA qualification at the end of the course.

During 2024/2025 we had 41 residents move in and out. Of those 38 moved on positively to social housing, family, friends or privately rented accommodation. The three without positive move-ons had unfortunately brought class A drugs into the building with one resulting in a police search of the room. On average referrals received for housing from the Joint Referral Panel are booked in for an interview, interviewed and references collected within a week of the referral being taken.

Of the 41 moves we had in 24/25 we had just five weeks void loss.

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We continued with the Cadent project regarding fuel efficiency and signed up to a new scheme for the new financial year. We started a non-smoking programme for residents via Provide and receive £75 each time someone signs up to quit. This has proved popular, and we have the potential to raise £7500 through it.

Community Youth Groups

YMCA Essex provides detached, drop-in and outreach youth work in a variety of locations to provide positive activities for young people to build healthy relationships, to be mentored and to engage in community programmes that reduce anti-social behaviour and promote improved inter-generational engagement.

We support hundreds of young people each week in youth groups, and advertise in schools, on social media and in local areas. Most of the young people come along due to hearing great things from their friends.

Family Support Work and Schools’ Work

Family Support ~ Our Family Support service collaborates with children, young people, and families to foster positive change, enhancing attendance, behaviour, wellbeing, and overall life both inside and outside of school. We partner with six primary schools in the Chelmsford and Colchester areas, offering workshops on topics such as team building, communication, self-esteem, self-confidence, homelessness, and world poverty, tailored to the schools’ requests. In 2023/2024 academic year, our Family Support team assisted hundreds of children, young people, and their families through school referrals. Each referral led to noticeable improvements in attendance, behaviour and/or academic achievement.

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

We utilise the Y-Web soft outcomes monitoring tool to assess each child or young person's progress, reporting enhancements in emotional, social, domestic, and academic wellbeing. Our mission is to empower every young person by giving them a voice and committing to positive, transformative change in their lives.

Safer Community Youth Worker - This role has been supporting hundreds of young people in schoot assemblies through meditation and spirit-based thinking, small group workshops known as ‘The Starting Point’ and 1:1 sessions. This is where young people are encouraged to leave everything where it is and start again from this point, focusing on moving forward, forgiveness and positive mindset. They are able to be guided through challenging times using trauma-informed care approaches and reflective listening. This work has been conducted almost entirely online and often in very creative ways.

Childcare Work

Out of School Clubs, and Holiday Clubs - Out of School Clubs continue to be very popular. Children are cared for in a fun and enriching environment that enables them to engage and build positive relationships, enhance experiences, complete homework, and grow their skills and experience to derive the greatest benefit from their education. This wraparound care also continues to be a support to parents needing extended care either side of school times. We have enhanced our provision across one of our busiest tocations to enable us to take more children due to popular demand. We are operating eight Out of School Clubs across Chelmsford, and opened a new club in Witham during the year.

We run Holiday Clubs that Active Essex has commissioned across the county in four different locations. The clubs aim to give nutritious meals and exciting activities every day for the children attending, and also provide an opportunity to work closer with their families.

’ Nursery - Our Nursery is open Monday to Friday for 51 weeks per year from 7:30am-6:00pm for children aged three months to five years. The Nursery served approximately 85 children and their families each week during 2024/2025.

We have been delighted to see the Nursery growing strongly during this financial year, providing care for a diverse range of families and needs, with 70% of children having funded spaces.

The Nursery has a “Good” Ofsted rating which enables us to take two-year funded children. Staff have continued to work hard to ensure we offer the best possible provision for our children and families.

We are still supporting families referred to us via support workers at Essex County Council and the Women’s Refuge, and children from refugee families, Afghan in particular. Our staff have offered additional support to families that have needed help with choosing schools and applying for their schools of preference. This is a service that many parents have expressed was vital for them, so we will continue next year with this line ‘of support.

Across all our childcare services this year we hope to engage with over 1,000 Essex families.

Operations

YMCA Essex is delivering on its vision of expanding across the county to deliver its core offers to local communities. All departments are led by a Head / Manager team which gives us the flexibility and resilience we need and contributes to providing cost-effective services, with most staff working on the ‘frontline’.

Like many YMCAs, we have signed the recent Rights and Responsibilities charter, which includes a requirement to achieve the equivalent of Trusted Charity status, we achieved the first stage of this in 2023.

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, YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

Despite the continuing cost-of-living challenges, YMCA Essex continued to pay the Real Living Wage, and offer all staff above inflation salary increases.

Y Housing (YMCA Blackburn) is a Housing Association made up of seven participating YMCAs each with properties that offer supported accommodation, our Colchester property is one of these. Each YMCA has a director on its Board of Trustees and a special buyback arrangement means that the YMCAs can purchase the properties within 25 years of the original purchase date should they become Registered Providers with the Homes and Communities Agency. This has been an exciting development which has ensured the long-term viable future for YMCA supported accommodation in Colchester.

Partnerships

Working with local YMCAs across the country, our national federation of YMCAs in England introduced a new Federation strategy for 2022-2030, with our CEO sitting on one of the strategic steering groups. The Chairs and Chief Executives of all the YMCAs in the East of England meet regularly to identify opportunities for us to achieve these aims and objectives in our region, to share experiences and ideas, and to look at how we can extend our impact and generate more resources through working in partnership.

YMCA Essex maintains good working relationships with councillors and senior staff at Essex County Council, Chelmsford City Council, and other local authorities where we are active, and we appreciate their strong support for the YMCA. We were particularly grateful to the Chelmsford City Council for their £25,000 grant in 2024/2025. We are also grateful for several donations from Essex Community Foundation during the year, and for the Safe Space grant from the Police, Fire and Crime Commissioner for Essex for the Y-Club (youth club).

We work closely with ‘Churches Together’ in the Chelmsford area and maintain Christian links where we can. We are developing stronger links with local churches, with our CEO Andy Drake preaching to local congregations on behalf of the YMCA. We also work with other like-minded organisations through ‘Citizens-UK’ to enable grassroots campaigning for change, seeking for communities to be shaped more by their members than by outside sources.

It should be noted that although the schools and parish councils we work with are, strictly speaking, our clients, in practice we are like partners working together to achieve the same goals. This is borne out in how our pricing for such services typically represent ‘at cost’ models, and how we sometimes work closely to co-design bespoke solutions.

Communications

One of our key strategic priorities is to raise our profile and build support for the vital work we do from communities, beneficiaries, donors, funders and commissioners.

We continue to innovate and develop a cutting edge feel for our print and electronic media, always seeking to better communicate our mission to existing and new stakeholders.

We publicise our activities through our website and social media updates; through leaflets; through the media; and by face-to-face contact with people through our services, projects, events, and networking with businesses, public and voluntary sectors. Relationships with local media have led to positive YMCA coverage, for instance with BBC Essex as guest panellists on occasion.

Finance

Our principal sources of income are the Nursery, Out of School Clubs, Housing Work and to a lesser extent, our Youth Clubs and Family Support Programme. All of which operate on a social enterprise model, with any surplus being ploughed back into the local work.

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

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The end of year outturn was a surplus of unrestricted general funds of £90,818. Whilst we would always wish to produce a surplus, this does represent challenging changes to our service provision and the building of capacity within the organisation.

The Trustees recognise that our financial position is particularly dependent on the level of take-up of our incomegenerating services. It will therefore be important for us to maintain and expand those services in the coming years and to attract further income from additional sources especially to support the costs of our charitable youth work.

Future Plans and Strategy

There are more than 400,000 children and young people aged 19 or under living in Essex. The potential need and demand for the services provided by the YMCA is therefore huge. Our strategy for the future aims to expand our services both geographically and numerically to meet more of these needs, working alongside other leading YMCAs wherever possible.

Our aim is for Community Hubs to be developed organically across Essex out of which YMCA services and staff can share our particular blend of professionalism and kindness. These Community Hubs would offer and/or be connected to a diverse range of services, from our core work of childcare, youthwork and housing to newer projects involving information, advice and guidance giving, intervention for those facing domestic abuse, outward bound community development work, and potentially much more. From 2025-2030, these hubs will grow both opportunistically and intentionally.

Alongside these plans, we continue to communicate well with our neighbouring YMCAs and seek collaborative work where possible. We remain open to strategic partnerships with other like-minded organisations and are aware that exciting developments can come from the most unlikely of places.

Conclusion

2024/2025 was an encouraging year regarding both the delivery of the charity mission and the resultant financial outturn. The unique services we offered to children, young people and families continued to be of the highest standard and operated smoothly during the year. We remain resilient and have managed to achieve a good surplus, with all our services intact, and both youth clubs and out of schoo! clubs increasing.

We continue to develop our housing portfolio with plans for a supported accommodation-focused redevelopment of our Chelmsford site, adjust our childcare offer to achieve profitability in the trading subsidiary, and improve our communications and relationships to help capitalise on the growth opportunities that the current volatile environment is producing. It is when we hear the many individual stories of children and young people whose lives have been completely turned around by their involvement with the YMCA that we know we are making a real difference. None of this would be possible without all the wonderful people who work for and support the YMCA. We would like to pay tribute to our paid and voluntary staff under the leadership of our Chief Executive, Andy Drake. We have a very professional, talented and committed staff team at the YMCA, who are highly valued for everything they are achieving.

We wish to thank our Treasurer, Finance Committee and the Finance Team for their dedication and hard work in financial planning, monitoring and control. We are very grateful to all the organisations and individuals who have made donations, whether large or small, enabling us to undertake many vital projects and activities. We record our thanks to our fellow Board Members and all the other volunteers who give so much to the YMCA.

Finally, we thank all those who have supported us in prayer and in action during the last year.

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

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GOVERNANCE AND MANAGEMENT

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Articles of Association

YMCA Essex is a charitable private company limited by guarantee, incorporated on 12 March 1996 and registered as a charity on 26 March 1996. The charity is governed by its revised Articles of Association adopted on 25 January 2016.

YMCA Essex’s charitable objectives, in full, are:

Board of Trustees

The Board of Trustees meets quarterly. The Board’s purpose is to:

Trustees serve on the Board for a maximum of three consecutive three-year terms before taking a break of at least one year.

The Board aims to have a balanced and capable team of Board Members including:

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

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The Board welcomes applications at any time from people who may be interested in serving as Board Members. When it wishes to strengthen or diversify its membership, it will actively seek candidates with the required skills and attributes by a range of means, which may include open advertisement. Following a successful recruitment process, the Board will appoint a new Trustee as a Board Member.

New Trustees receive an induction programme, to familiarise them with the services and operations of YMCA Essex and the work of the wider YMCA movement, and to equip them to fulfil their responsibilities as Trustees for governance, strategy, finance, communication and representing the YMCA effectively. Further training and development opportunities are made available to all Trustees on an ongoing basis.

Committees

The Board has appointed two Committees to assist the work of the Board and the YMCA:

Management and Organisation Structure

The Board has delegated the day-to-day responsibility for the YMCA’s services and operations to the Chief Executive and the Senior Management Team. The Senior Managers lead on the main areas of Childcare & Youth Work, Housing, Finance, Corporate Services and Communications, Fundraising & Events. There are over 81 staff and over 10 volunteers working for YMCA Essex in the charity and its subsidiary trading company.

Risk Management

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The Board has a Risk Management Policy, incorporating a Risk Register, and both are reviewed and updated regularly. Our strategic risk analysis shows that the YMCA currently faces 4 risks classed as Major within the methodology we have adopted:

The Board is satisfied that the above risks are being consistently and effectively managed and mitigated and considers that the resultant risk profile is acceptable and appropriate in relation to the YMCA’s objectives and responsibilities. The nature of the services which the YMCA provides to service users and the environment within which the charity operates, mean that we will inevitably face risks due to factors beyond our control. We are willing to tolerate higher risks if they can be justified by the potential benefits for children, young people and families.

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

FINANCIAL INFORMATION

Funds Policy

The charity has various funds available to finance its activities. These are as follows:

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(a) Unrestricted funds

These are funds expendable at the discretion of the Trustees in furtherance of the charity's objects. Such funds may be designated by the Board for a particular project of purpose. The general fund is the amount of unrestricted funds that has not been designated. The Board have reviewed the charity's general funds in line with the guidance issued by the Charity Commissioners and they believe that the charity should hold these funds because:

e it has no guaranteed regular funding, e it requires an element of protection against potentially damaging but as yet unknown future events.

The Trustees believe that the minimum level of accessible bank balances should be the equivalent of three months’ essential operating costs calculated and reviewed annually. As at the end of March 2025, the general fund stood at £264,341.

(b) Designated funds

:

As shown on the balance sheet, the majority of unrestricted funds are held in the form of fixed assets and as such these funds are not available to support other activities. The Board have therefore created a designated fund representing the value of fixed assets held (see note 12). In addition, the Board have also recognised the problems caused when existing funding for projects finishes before new sources of funding are secured. We have created a Youth Work fund to allow projects to continue during these periods. We also have a replacement fund which is monies set aside for on-going maintenance and improvement of the buildings. During the year two new funds have . been created, one in relation to the possible redevelopment of Victoria Road and one to fund staff attendance at the YMCA World Council in Toronto in 2026.

(c) Restricted funds

These are funds donated for specific purposes that are within the wider objects of the charity.

Other funds represent donations for the activities as detailed in note 13 to these accounts. The Board consider that YMCA Essex has sufficient assets to meet its obligations as they arise on both the designated and restricted funds.

(d) Investment Policy

Where possible, all funds are placed on call or short to medium term deposit. Due to the nature of our activities, these funds may be required at short notice, so we have a variety of drawdown dates.

(e) Pension Deficit

YMCA Essex recognises possible concern relating to its participation in a defined benefit pension scheme and its share of the scheme deficit. Appropriate action has been taken. The scheme was closed to new members in 2007 and the link to final salary broken in 2011. Additional contributions continue to be made to reduce the deficit. As part of the YMCA federation, the multi-employer pension scheme is run by an independent Trustee board with employer representation through the Principal Employer, National Council of YMCAs. The pension scheme Trustee obtains an actuarial valuation every three years and we have considered the implications to the charity’s finances from the latest available actuarial valuation. We have reviewed the charity’s ability to continue to deliver its charitable objectives by ensuring budgets, forecasts and plans are available and include the impact of deficit repayments.

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

YMCA Essex benefits from the pension scheme Trustee and the Principal Employer seeking suitable specialist professional advice both to manage the scheme and in the continuing effort to explore ways of reducing the overalt pension deficit.

The notes to the Accounts include an accounting policy, and further detail regarding the pension commitment is in note 15.

Subsidiary Undertaking

The accounts consolidate the results of the charity and its subsidiary YMCA Essex (Trading) Ltd. whose principal activities are the provision of Nursery care, Out of Schools work and room hire facilities. Its performance is shown in note 4 to these accounts, 2024/2025 performance is up on the previous year by nearly £40k. .

Fixed Assets

Movements in the fixed assets are detailed in note 8.

Statement of Trustees’ Responsibilities

The Trustees (who are also Directors of YMCA Essex for the purposes of Companies Act 2006) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Trustees are required to:

In preparing these financial statements the Trustees are required to:

The Trustees are also responsible for safeguarding the assets of the charity and its subsidiaries and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to Disclosure of Information to Auditors

The Trustees confirm that, to the best of their knowledge there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the charity's auditors are unaware. They also confirm that they have taken all necessary steps to identify any pertinent audit information and to ensure that the charity’s auditors have been informed of it.

Liability of Trustees

The liability of Trustee is limited to £1 in the event of the charity being wound up with insufficient funds to meet its debts.

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

Auditors

In accordance with Section 485 of the Companies Act 2006, a resolution to appoint the auditors THP Limited and authorising the Trustees to agree their remuneration will be proposed at the forthcoming Board meeting.

Signed on behalf of the Board of Trustees

Mr Mike Bromfield Chair

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Date: —————— ala\22s

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070

Company No. 3171206

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF YMCA ESSEX (Limited by Guarantee)

Opinion

We have audited the consolidated financial statements of YMCA Essex (Limited by Guarantee) (the ‘charitable company’) for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Consolidated Cash Flow Statement 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 for charities ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the 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 trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit: - 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 statements; and - _ the Report of the Trustees has 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 charitable company and group and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF YMCA ESSEX (Limited by Guarantee)

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

Responsibilities of trustees

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

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

Auditors’ responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered materia! if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

The extent to which the audit was considered capable of detecting irregularities including fraud 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:

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

To address the risk of fraud through management bias and override of controls, we:

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YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF YMCA ESSEX (Limited by Guarantee)

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures’ which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

Use of our report

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

Shahid Hameed FCA FCCA (Senior Statutory Auditor) For and on behalf of THP Limited Chartered Accountants and Statutory Auditors 34-40 High Street Wanstead London E11 2R3 sote:...\N2® ens...—_

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YMCA Essex

(Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Notes Unrestricted
General
Designated.		 Unrestricted
General
Designated.		 Restricted 2025
Total		 2024
Total
INCOMING RESOURCES £ £ £ £ E
Incoming resources from generated
funds:
Rental income 781,351 - - 781,352 713,389
Voluntary income 5,210 - - 5,210 5,110
Grants receivable 35,000 - - 35,000 25,000
Activities for generating funds 10,013 - - 10,013 8,618
Income of trading subsidiary 4 887,433 - - 887,433 718,240
Interest receivable 17,268 - - 17,268 13,592
Incoming resources from charitable
activities: .
Youth training 126,960 - 126,306 253,266 306,505
Miscellaneous Income 9,654 111,116 - 120,770 15,774
TOTAL INCOMING RESOURCES 1,872,889 111,116 126,306 2,110,311 1,806,228
RESOURCES EXPENDED
Cost of generating funds:
Expenditure of trading subsidiary 4 792,125 - - 792,125 662,152
Charitable activities:
Childcare services 87,500 - - 87,500 85,000
Youth and other services 608,865 26,298 83,346 718,509 825,732
Premises 283,945 - - 283,945 254,378
980,310 26,298 83,346 1,089,954 1,165,110
Governance costs 9,636 - - 9,636 13,572
TOTAL RESOURCES EXPENDED 5 1,782,071 26,298 83,346 1,891,715 1,840,834
Net INCOMING/(OUTGOING) 90,818 84,818 42,960 218,596 (34,606)
RESOURCES
_
Transfer (from)/to Designated Funds 12 (18,077) 18,077 - - -
Transfer (from)/to Restricted Funds 13 - 17,234 (17,234) - -
FUND BALANCES AT 1 APRIL 2024 197,846 906,919 65,967 1,170,732 1,205,338
FUNDBALANCESAT31MARCH2025 270,586 1,027,048 91,693 1,389,327 1,170,732

All recognised gains and losses are included above.

Page ] 15

YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

:

so

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

COMPARATIVE FUNDS DISCLOSURE - 31 MARCH 2024

Unrestricted Unrestricted Restricted
Notes General Designated 2024
Total
INCOMING RESOURCES £ £ E £
Incoming resources from generated
funds:
Rental income 713,389 - - 713,389
Voluntary income 5,110 - - 5,110
Grants receivable 25,000 - - 25,000
Activities for generating funds 8,618 - - 8,618
Income of trading subsidiary 4 718,240 - - 718,240
Interest receivable 13,592 - - 13,592
Incoming resources from charitable
activities: :
Youth training 247,922 12,710 45,873 306,505
Miscellaneous Income 15,774 - - 15,774
TOTAL INCOMING RESOURCES 1,747,645 12,710 45,873 1,806,228
RESOURCES EXPENDED
Cost of generating funds:
Expenditure of trading subsidiary 4 662,152 : : 662,152
Charitable activities:
Childcare services 85,000 - - 85,000
Youth and other services 727,046 53,224 45,462 825,732
Premises .254,378 - - 254,378
1,066,424 53,224 45,462 1,165,110
Governance costs 13,572 - - 13,572
TOTAL RESOURCES EXPENDED 5 1,742,148 53,224 45,462 1,840,834
Net INCOMING/(OUTGOING) 5,497 (40,514) 411 (34,606)
RESOURCES
Pension deficit 15 - - : :
NET INCOMING/(OUTGOING) 5,497 (40,514) 411 (34,606)
RESOURCES AFTER PENSION DEFICIT
;
Transfer (from)/to Designated Funds 12 (15,874) 15,874 - -
Transfer (from)/to Restricted Funds 13 2,000 (2,000) -
FUND BALANCES AT 1 APRIL 2023 208,223 929,559 67,556 1,205,338
FUNDBALANCESAT31MARCH2024 197,846 906,919 65,967 1,170,732

.

Page | 16

a

YMCA Essex

(Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

CHARITY AND CONSOLIDATED BALANCE SHEET

AT 31 MARCH 2025

:

:

TOTAL 2025 TOTAL 2025 TOTAL TOTAL 2024
Notes Restricted
£E		 Unrestricted
E		 Charity
£		 Group
£		 Charity
E		 Group
£
FIXED
ASSETS
Tangible 8 - 825,000 825,000 825,000 826,923 826,923
assets
Investments 9 : 2 2 : 2 -
825,002 825,002 825,000 826,925 826,923
CURRENT
ASSETS
Debtors 10 - 102,217 102,217 106,459 54,310 64,415
Cash at bank 91,693 583,516 675,209 679,611 480,748 492,321
in hand
91,693 685,733 777 426 786,070 535,058 556,736
CREDITORS:
Amounts 11(a) - (164,378) (164,378) (166,773) (129,771) (145,220)
falling due
within one
year
TOTAL ASSETS LESS
CURRENT LIABILITIES 91,693 1,346,357 1,438,050 1,444,297 1,232,212 1,238,459
CREDITORS:
Amounts 41(b) - (54,970) (54,970) (54,970) (67,727) (67,727)
falling due
after more ;
than one
year
NET ASSETS 91,693 1,291,387 1,383,080 1,387,327 1,164,485 1,170,732
FUNDS HELD
Unrestricted
funds:
General fund - 264,341 264,341 264,341 191,601 . 191,599
Retained in - - - 6,245 - 6,247
subsidiary
)
Total - 264,341 264,341 270,586 191,601 197,846
Designated - 308,658 308,658 308,660 188,529 188,531
fund
Restricted 13 91,693 - 91,693 91,693 65,967 65,967 ~
funds
Revaluation 8 - 718,388 718,388 718,388 718,388 718,388
reserve
91,693 1,291,387 1,383,080 1,389,327 1,164,485 1,170,732
Charitablecompany’sresult fortheyear 218,596 (34,606)

These accounts were approved by the Board and authorised for issue on lal rors... and signed on its behalf by:

Page | 17

ue

YMCA Essex

(Limited by Guarantee) Charity Registration No. 1054070

Company No. 3171206

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£ E
Cash Generated from Operating Activities (see below) 170,023 (49,830)
Cash Flows from Investing Activities
Interest received 17,268 13,592
Sale oftangible fixed assets - -
Purchase of tangible fixed assets - -
17,268 13,592
Increase/(decrease) in cash and cash equivalents in the year 187,291 (36,238)
Cash and cash equivalents at the beginning of the year 492,321 528,559
Totalcashandcashequivalentsattheendoftheyear 679,611 492,321

Reconciliation of Net Incoming Resources to Cash Generated from Operating Activities

2025 2024
£ , £
Net incoming resources 218,596 (34,606)
Add back depreciation charge 1,923 4,126
Loss on disposal of fixed asset - -
Deduct interest income shown in investing activities (17,268) (13,592)
Decrease/(increase) in debtors (42,044) (7,995)
Increase/(decrease) in creditors 8,816 2,237
Netcashfromoperatingactivities 170,023 (49,830)

Note to Statement of Cash Flows

The company’s cash flow statement reflects the presentation requirements of FRS 102, under which the cash flow statement reconciles to cash and cash equivalents.

Page | 18

YMCA Essex

(Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

  1. GENERAL INFORMATION

YMCA Essex is a company limited by guarantee and incorporated in England. The Charity’s registered number and registered office address can be found on page 1.

The functional and presentation currency of YMCA Essex and its subsidiary is the pound sterling.

  1. ACCOUNTING POLICIES . i. Basis of preparing the financial statements The financial statements of the charity, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Charities Act 2011 and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, except for the non-depreciation of freehold property as explained in note 2.iv. The Trustees have decided to adopt the presentation of the Statement of Financial Activities rather than the Income and Expenditure account as required by the Companies Act as they consider that this more accurately reflects the operations of the charity.

  2. ij. Basis of Consolidation

These financial statements incorporate the audited financial statements of YMCA Essex and its subsidiary undertaking, YMCA Essex (Trading) Ltd., who has the same year end, consolidated on a line-by-line basis. Common expenses have been allocated between the operations based upon estimated use.

The results of the trading subsidiary are detailed in note 4 to the financial statements. The consolidated balance sheet represents the total assets and liabilities of the group. As permitted by section 408 of the Companies Act 2006, the income and expenditure account of the parent charity is not presented as part of these financial statements. The balance sheets of the Charity and Group are both shown on page 17.

iii. Charitable Expenditure and Support Costs

The YMCA Essex operates a childcare, youth and community centre based at its premises in Victoria Road. Colchester division provides supported accommodation for young people. Charitable expenditure comprises the costs of programmes operated. No valuation is placed on the services provided by volunteers without whom the programmes could not operate. Support costs comprise the costs of running the building less those costs allocated to the trading activities. Management and administration expenses comprise administrative costs and common overheads, which cannot be allocated to specific activities. Governance costs are expenditure incurred on the operation of the charity as opposed to any specific activity and compromise Board expenses and audit costs.

The Trustees consider that the freehold property is maintained in such a way that the residual value is at least equal to its net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

Other fixed assets are stated at cost less depreciation. The cost of Furniture and Equipment valued over £2,500 is written off over five years on a straight-line basis from the date of acquisition. Computer Equipment and Motor Vehicles are written off over four years on a straight-line basis.

vi. Financial Instruments

The Group has chosen to adopt Sections 11 and 12 of FRS102 in respect of financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently carried at this value less any provision for impairment.

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7

YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206 : NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 vil. Debtors No general provision is made against debtors. Known bad debts are written off and specific provision is made for any considered doubtfu! of collection. viii. Grants and Legacies Receivable Income from grant and legacies is included in income when these are receivable, except when donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods. Where these relate to specific items of expenditure these have been included within restricted funds. Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to profit and loss so as to match them with the expenditure to which they relate. ix. Taxation : The Charity is exempt from tax on income and gains within Section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. x. Pension Contributions YMCA Essex participated in a multi-employer defined benefit pension plan for employees of YMCAs in England, Scotland and Wales, which was closed to new members on 30 April 2007. The plan's actuary has advised that it is not possible to separately identify the assets and liabilities relating to YMCA Essex, therefore the scheme is accounted for as a defined contribution scheme. Further details are in note 15. The group also contributes to a defined contribution scheme on behalf of its employees. Contributions made during the year are shown in note 6. xi. Unlisted Investments Investments are stated at historical cost. xii. Related Party Exemption The Group has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with the group companies. xiii. Financial Reporting Standard 102 - reduced disclosure exemption The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”: * the requirements of Section 7 Statement of Cash Flows for the company in the group _. accounts 3. INCOMING RESOURCES The statement of financial activities contains details of all the income of the charity. All income arose in the United Kingdom.

Rental income is accounted for on a receivable basis.

Income received from charitable activities represents mainly Youth Training funds and is accounted for on a receivable basis.

The turnover of the trading subsidiary represents the gross value of goods sold and services provided. Fees billed in advance for nurseries and out of school clubs are deferred according to the expected start date of the services provided.

Page | 20

4

weet

YMCA Essex

(Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

  1. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY

YMCA Essex has a wholly owned trading subsidiary “YMCA Essex (Trading) Ltd.” (company registration number 03041709) which is incorporated in the United Kingdom. This operates the childcare programme and room hire facilities on behalf of the charity. Its results for the year ended 31 March 2025 and 2024 are detailed below.

PROFIT AND LOSS ACCOUNT

:

PROFIT AND LOSS ACCOUNT
2025 2024
£ £
Turnover 887,433 718,240
Cost of sales 637,045 521,233
Gross profit 250,388 197,007
Administrative costs (including interest) (155,080) (140,919)
Operating profit for the year 95,308 56,088
Amount covenanted to YMCA Essex (95,308) (56,088)
Profit for the financial year 0 0
Retained profits/(losses) at 1 April 2024 6,245 6,245
Retained in subsidiary at 31 March 2025 6,245 6,245
AGGREGATESHARECAPITALANDRESERVES 6247 6247

The subsidiary’s registered office address is the same as the Registered Office address of YMCA Essex.

‘

Page | 21

a

YMCA Essex (Limited by Guarantee)

Charity Registration No. 1054070 Company No. 3171206

  1. RESOURCES EXPENDED

;

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

: Trading
Subsidiary		 Charitable
Activities		 Governance ' °2025
Total		 2024
Total
£ £ £ £ E
Costs directly allocated to
activities
Staff costs 506,767 333,749 - 840,516 870,018
Other direct costs 130,278 54,001 - 184,279 163,730
Support costs allocated to
activities
Premises
Heat and light 7,858 54,800 - 62,658 49,299
Repairs 4,378 53,733 - 58,111 52,898
Rates and insurance - 18,352 - 18,352 19,036
Cleaning 12,064 28,879 - 40,943 36,515
Rent - 128,181 - 128,181 119,625
Administration
Office salaries and pensions 115,273 249,215 - 364,488 349,741
Pensions admin charge - 4,066 - 4,066 3,992
Staff training - 4,736 - 4,736 3,490
IT costs - 24,064 - 24,064 23,578
Stationery and advertising 1.355 4,078 - 5,433 4,962
Telephone and licences 4,030 7,724 - 11,754 10,220
Fees and licences - 16,726 - 16,726 15,995
Sundry expenses 10,122 0 - 10,122 4,026
Depreciation - 1,923 - 1,923 4,126
Board expenses - 396 396 4,492
Conference costs - 2,998 - 2,998 2,408
VAT Input Tax Partial - (11,549) - (11,549) (10,027)
Recovery
Legal & Professional fees - - - - -
Fundraising costs - 10,634 - 10,634 4,943
Profit on Sale of assets - (6,000) - (6,000) -
Auditors’ remuneration - - 9,240 9,240 9,080
TOTAL RESOURCES 792,125 980,310 9,636 1,782,071 1,742,148
EXPENDED

Premises costs are allocated on floor area and Administration costs are allocated on estimated usage.

Page | 22

ooo

YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

. 2025 2024
Charity Group Charity Group
6. STAFF COSTS £ £ £ £
Wages and salaries 501,932 1,091,844 573,654 1,109,636
Social Security costs 54,472 86,600 56,788 83,791
Pension contributions 26,560 26,560 26,332 26,332
,
582,964 1,205,004 656,774 1,219,759
One employee received emoluments of between £70,000 and £80,000 (2024:1)
The average number of employees (including temporary and part time staff) was 81 (2024 total was 91).
In addition, the charity uses the services of 10+ volunteers. No valuation has been made for the assistance
upon which the YMCA Essex relies to provide many of its services. A further 10 volunteers acted as trustees on
the Board.
No Trustees have received any remuneration.
Key management includes the Trustees, the Chief Executive and members of the senior management team.
The compensation paid to key management staff for employee services is £244,678 (2024: £230,551).
2025 2024
7. NET INCOMING RESOURCES £ £
This is stated after charging
Depreciation (owned assets) 1,923 4,126
Auditors’ remuneration ~ audit 6,595 6,435
- other services 2,645 2,645
8. GROUP FIXED ASSETS Freehold Furniture & Computer Motor Total
Land &
Cost Buildings Equipment Equipment Vehicles
£ £ £ £ £
At 1 April 2024 825,000 44,490 29,432 13,194 912,116
Additions - - - - -
Disposals - - - (13,194) (13,194)
At 31 March 2025 825,000 44,490 29,432 : 898,922
Depreciation :
At 1 April 2024 - 44,139 29,432 11,622 85,193
Charge for the year - : 351 - 1,572 1,923
Eliminated on disposals ~ : ~__(13,194) (13,194)
At 31 March 2025 - 44,490 29,432 — _: 73,922
Net book value
At 31 March 2025 825,000 - - - 825,000
At31March2024 825,000 351 - 1,572 826,923

The property was fair valued, as a one-off revaluation, on the basis of existing use value at 31 March 2016, by Elwell Taylor, Chartered Surveyors of 65 New London Road, Chelmsford, Essex CM2 OND. On transition to FRS 102, the charity has taken the revalued amount as the deemed cost and therefore further revaluations are not required.

Page | 23

YMCA Essex {Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Deemed Cost at 31 March 2025 is represented by:

Deemed Cost at 31 March 2025 is represented by:
E
"Valuation in 2016 718,388
Original Cost 193,728
912,116

9. INVESTMENTS - Unlisted at Cost

The charity owns 100% of the issued share capital of YMCA Essex (Trading) Ltd., a company registered in England. This company operates the trading activities as described in Note 4.

2025 2024
10. DEBTORS Charity Group Charity Group
E £ £ £
Trade debtors 71,075 75,317 27,617 37,722
Other debtors and prepayments 31,142 31,142 26,693 26,693
Amount due from YMCA Essex (Trading) Ltd. - - - :
102,217 106,459 54,310 64,415
2025 2024
11. (a) CREDITORS: Amounts falling due within
one year
£ £ £ £
Trade creditors 5,158 11,124 10,927 16,764
Other creditors, accruals and deferred 84,833 142,892 84,995 115,679
income
Pension deficit 12,757 12,757 12,757 12,757
Amount due to YMCA Essex (Trading) Ltd. 61,630 - 21,092 -
164,378 166,773 129,771 145,200
,
11. (b) CREDITORS: Amounts falling due more
than one year
: £ £ £ £
Pension deficit 54,970 54,970 67,727 67,727
54,970 54,970 67,727 67,727

Page | 24

YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070

Company No. 3171206

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12. DESIGNATED FUNDS

12. DESIGNATED FUNDS
Balances Net Balances
31 March 24 Income Expenditure Transfer 31 March 25
FS £ £ £ £
Fixed assets fund 814,404 - - (1,923) 812,482
New Projects 39,450 - (13,371) - 26,079
Informal Youth Work 7,390 - (1,610) 17,234 23,014
Replacement Fund 12,211 9,216 (150) - 21,277
Colchester Fundraising 7,484 200 (2,684) - 5,000
Holiday Club Reserves 25,071 - (7,574) - 17,497
Repairs Victoria Road 909 - (909) - -
World Council Fund - 1,700 - 20,006 21,700
Victoria Road - 100,000 - - 100,000
Redevelopment
906,919 111,116 (26,298) 35,311 1,027,048 .

The fixed assets fund represents the value of the general funds held within in the fixed assets (including revaluation reserve) used by the charity, as such these are not available to support the other activities. The replacement fund is monies set aside for ongoing maintenance and improvements of the building. The Board have also designated funds to allow for the continuation of youth work projects once existing funding sources run out and to allow time for securing future funding. The Victoria Road Redevelopment Fund is to hold funds for the planned redevelopment.

13. RESTRICTED FUNDS

The charity has received the following amounts, which may only be used for specific purposes.

At 31 March Income Transfers Salaries Materials/other At 31 Mare
2024 ; 2025
E £ £ £ £
Childcare 4,012 - - - (4,012) -
’ services : .
Youth and other 61,955 126,306 (17,234) (31,021) (48,313) 91,693
services
TOTAL ALL 65,967 126,306 (17,234) (31,021) (52,325) 91,69:
FUNDS

Childcare Services

This funding includes donations that are specifically identified for Childcare.

oo.

Youth and other Services ~ Youth Work

There are a number of Restricted Funds within the Youth Work area, funding derives from various sources, including Essex County Council, Police Fire and Crime Commissioner for Essex and other restricted funds. These funds enable us to provide a wide range of services and programmes for young people. These funds are monitored in various ways and their restriction is that funds can only be used for the specific purpose for which they were granted.

----- Start of picture text -----
,
----- End of picture text -----

Page | 25

YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

NOTES TO THE FINANCIAL STATEMENTS

:

FOR THE YEAR ENDED 31 MARCH 2025

14. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

:

Fund balances at 31 March 2025 are represented by:

----- Start of picture text -----
UNRESTRICTED RESTRICTED TOTAL
General Designated FUNDS
£ £ £ £
Fixed Assets ‘ - 825,000 - 825,000
Net assets/(liabilities) - 270,586 202,048 91,693 564,327
270,586 1,027,048 91,693 1,389,327
----- End of picture text -----

15. PENSION COMMITMENT

Accounting Policy:

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

Pension Note:

YMCA Essex participated in the contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCAs in England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of YMCA Essex and at the year-end these were invested in De-risking Solutions.

The most recent completed three-year valuation was as at 1 May 2023. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets of 4.56%, the increase in pensions in payment of 3.18% (for RPI capped at 5% p.a.), and the average life expectancy from normal retirement age (of 65) for a current male pensioner of 21.5 years, female 24.0 years, and 23.1 years for a male pensioner, female 25.7 years, retiring in 20 years’ time. The result of the valuation showed that the actuarial value of the assets was £103.1m, which represented 92% of the benefits that had accrued to members. The Pension Plan was closed to new members and future service accrual with effect from 30 April 2007. With the removal of salary linkage for benefits all employed deferred members became deferred members as from 1 May 2011. :

The valuation prepared as at 1 May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 million. YMCA Essex has been advised that it will need to make monthly contributions of £1,396 from 1 May 2025. This amount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual performance of the Pension Plan. The current recovery period is approximately 4 years.

The Company has capitalised the pension deficit liability and these accounts include a provision of £67,727 (2024: £80,484 which represents approximately 4 remaining years.

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

16. ULTIMATE CONTROL

The group is ultimately controlled by the Board of Trustees.

Page | 26

"YMCA Essex (Limited by Guarantee) Charity Registration No. 1054070 Company No. 3171206

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

17. RELATED PARTY TRANSACTIONS

During the year YMCA Essex paid rent totalling £128,181 (2024: £119,625) to Blackburn YMCA, under a Housing Management Contract, for the use of premises in Colchester, owned by Blackburn YMCA. The Chief Executive of YMCA Essex is a member of the board of trustees of Blackburn YMCA. The rents are charged in accordance with the Government's direction to the Social Housing Regulator of May 2014 and the Rent Standard Guidance.

18. CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATION UNCERTAINTY

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

a) Critical judgements in applying the entity's accounting policies

There are no specific judgements, apart from those involving estimates as detailed below, that management has made in the process of applying the entity’s accounting policies that have a significant effect on the amounts recognised in the financial statements.

b) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates can differ from 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.

(c) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates based on economic utilisation and the physical condition of the assets. See note 8 for the carrying amount of tangible assets and note 2 for the depreciation policy in respect of each class of asset.

Page | 27