2021-03-31-accounts

Yn¢A YMCA BRUNEL GROUP & SUBSIDIARY (FORMERLY MENDIP YOUNG MEN'S CHRISTIAN ASSOCIATION) (Regulator of Social Housing registration: 4871 Company Number: 03719773 Registered Charity Number: 1074660) REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

YMCA BRUNEL GROUP REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021 CONTENTS Page Reference and admlnlstratlve detalls Trustees, report 2-14 Independent auditors, report 15-18 statement of comprehensive income - Group 19 statement of compreh¢nslv¢ Income - Charity 20 Balance sheet - Group 21 Balance sheet - Charity 22 statement of change In reserves - Group 23 Statement of change in reserves - Charlty 24 ststement of cash flows - Group 25 Statement of cash flows - Charity 26 Notes to the financial statements 27

YMCA BRUNEL GROUP REFERENCE AND ADMINISTRATIVE DETAILS For the year ended 31 March 2021 REFERENCE AND ADMINISTRATIVE DETAILS Trustees Mr R Caddlck {appointed 1st April 2020) Rev. C Hare Mrs M Hare Mr S Harri50n Mr D Pendle (appointed 151 Aprll 20201 Mr M Pltman {appoiinted 1st April 2020) Mr P Rose (Treasurer) Mr R Sheard eretary Mr M Fairbeard Chief Executive Mr M Fairbeard Senlor Management Team Mr M Fairbeard CEO Ms S Clover Director, Children's Services Ms P Fairbeard D1￿Ctor, Marketing & Development Ms E Good Director, Housing Mendip & SS MrT Griffin Flnance Manager Ms M King Directt)r, Housing Bath Mr J Marshall Director, Finan M5 P Summers Dlrector, Cornpliance Mr M Wilcox Director, Youth & Community Register¢d Company Number 3719773 Reg15tereql Charfty Number 1074660 Regulator of Social Housing Number 4871 Registered Office Intemational House Broad St￿et Place Bath BAI 5LH Auditors MHA Monahan5, Fortescue House, Court Street, Trowbridge, BA14 8FA Solicitors Tozers Solictors LLP, Broadwalk House, Southemhay West. Exeter EXI IUA 8Jnkers Nationa5 Westminster Bank. 24-25 Stall Street, Bath SAI IQF Bankers (Continued) Barclays Bank 9 Market Place Wells Somerset BA5 2RH

YMCA BRUNEL GROUP TRUSTEES, REPORT For the year ended 31 March 2021 The Tnjstees are pleased to present the financial statements for the year ended 31 March 2021 and confirm that they comply with United Kingdom Generally Accepted Accounting Practice (UK GAAP), includ ing FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. OUR OBJECTIVES The objects of the group arise from its acceptance of the Basis of Unlon of the Young Men's Christian Associations of England, Ireland and Wales adopted by the British Young Men's Christian Association Assembly held in Bimiingham in the year 1973, that is to say- The Young Men's Christian Associations seek to unite those who, regarding Jesus Christ as their God and Saviour according to the Holy Scrlptures, deslre to be His Disciples in their faith and in their life, and to associate their efforts for the extension of Hi5 Kingdom. Any difference of opinion on other subjects, however important in themselves, shall not interfere with the hamjonious relations of the Associatlons of the Young Men's Christian Association Movement in England, Ireland and Wales" Accordingly the objerts of the association are: (a) To unlte those who, regarding Jesus Christ as their God and Saviour according to the Holy Scriptures, desire to be His disciples in their faith and in their life, and to associate their efforts for the extension of his Kingdom. (b) To lead young people to the Lord Jesus Chrlst and to fullness of life in Him. (c) To provide or a55iSt in the provision in the interests of social welfare of facllities for recreation and other leisure time OCCLtpation for men and women with the object of improving their conditions of life. (d) To provlde or asslst In the provision of education for persons of all ages with the object of developing their physical, mental or spiritual capacities. (e) To relieve or assist in the relief of persons of all ages who are In conditlons of need, hardship or distress by rea50n of their social, physical or economic circumstances. (n To provlde residentlal accommodatlon for persons of all ages who are in need, hardship or distress by reason of their social, physical or economic circumstances. In shaping the objectives for the year and planning activities the Trustees have considered the Charity Commissions guidance on public benefit.

YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2021 AIMS YMCAS in England are autonomous charities who affiliate to YMCA England. Their core purpose is to meet the diverse needs of young people regardless of gender, age, ra￿, abllity or faith. The YMCA as a movement works with young people, families and the wider community by providing a range of high-quality programmes that support and develop them in mind, body and spirit. YMCA Brunel Group seeks to achieve this, both within the charity work and through its subsidiary trading company Tria-Aktiv (UK) Ltd. The main focus of the charity 15 the personal development of individuals by creating pathways that allow individuals to acce55 health and wellbeing artivities, supported and move on accommodation, low CDSt chi5dcare, and youth and community clubs and projects. This is all achieved within a Christian ethos where our values and integrity are central to the work and meet the object5 Stated above (a, b, c, d, e and f). The Trustees confirm that they have due regard to the Charlty Commission's general guidance on Public Benefit, 'Charities and Public Benefit,. OUR MISSION Our vision is of an inclusive Christian movement transforming communities so that all young people can belong, contribute and thrive. YMCA Brunel Group Mlsslon Statement: YMCA Bmnel Group inspires, supports and develops children, young people and whole communities, enabling them to reach their full potential. OUR VALUES: We seek out - we actively look for opportunities to make a transformative impact on young lives in the communities where we work, and believe that every person is of equal value. We welcome - we offer people the space they need to feel secure, respetted, heard and valued. and we always protett, trust, hope and persevere. We Insplre - we strive to inspire each person we meet to nurture their body, mind and spirit and to ￿alIse their full potential in all they do. We speak out - we stand up for young people, speak out on issues that affect their lives, and help them to find confidence in their own voices. We serve others - we are committed to the wellbeing of the communities we serve and believe in the positive benefit of participation, locally and in the wider world.

YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2021 OUR ACTIVITIES YMCA Brunel Group provides a range of services for people and communities in response to their needs, with the emphasis on housing and homelessness, youth and communities, children's services and nurseries, and Health & Wellbeing. MEASURES USED TO ASSESS OUTCOMES AND SUCCESS The charity seeks to measure outcomes and success in all aspects of its work. The approach is tailored to the specific activity but includes the number of participants, approval rating (hostel), move-on data (supported housing), Tapestry outcome tracking (Childcare), member Journey software (health & wellbeing) in addition to reporting budgetary and financlal outcomes. We seek to collect stories from individuals who have been positively affected by our work and respond promptly and review leaming when there are complaints or negative experiences. SAFEGUARDING STATEMENT 'The YMCA'S vision is of an inclusive Christian movement, transfoming communities so that all young people truly belong, contribute and thrive. YMCA Bath Group aims to create and malntaln a safe and secure environment for all staff, trustees, volunteers, residents and visitors to our facilitie5. In particular the Association is fully committed to safeguarding all children, young people and vulnerable adults that come into contact with our work. We belleve that all children, young people and vulnerable adults have an absolute right to protection from abuse, regardless of their age, race, religion, ability, gender, language, background or sexual identity and consider their welfare is paramount. We will: Take every reasonable step to ensure that children, young people and vulnerable adults are protected where our staff, trustees, volunteers and all associates are involved in the delivery of our work. Enable all our staff and those who work with us to make informed and confident ri5k-based decisions regarding safeguarding. Respond appropriately to any allegation, report or suspicion of abuse. Informatlon of Fundraising Prartices YMCA Brunel Group generates most of its funds through contracts, subscriptions, grant5 and donations, plus the commercial activitie5 of it trading subsidiary. There is currently no intention to engage any professionals to fundraise on our behalf. As YMCA Brunel Group does not currently run any fundralslng campalgns, other than accepting donations, we do not currently subscribe to any fundraising regulation schemes.

YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2021 YMCA Brune Group has not received any complaints about Its fundraising actlvities, and other than via its website, does not actively pursue funds from the general public. STRATEGIC REPORT rnal Enviro On l# April 2020 YMCA Mendip and YMCA Bath Group merged together to fomi a new YMCA - YMCA Brunel Group. At roughly the same time the UK, (and the rest of the world), encountered the beginning of the COVID 19 Pandemic, This led to a number of national and local lockdowns and the suspension of tradlng for many businesses. A5 1 write this we are now entering what is thought to be a third wave of the virus, although along wlth advanced vaccination programmes and greater knowledge of how to tackle the virus hospitalisations are now lower and most business are now operating again. It has undoubtably been one of the most challenglng years in recent memory and whilst some areas of our work had to be put Dn hold, other areas experienced greater need than ever before. We have been fortunate enough to receive a number of grants to fund our core costs and to have had access to the PIMRC Job Retention Scheme, (without which we would not have been able to retain most of our staff). OUR ACTIVITIES The activities of YMCA Brunel Group can be broken down into 4 core areas: Housing & Support, Children's Services, Youth and Community Services and Health and Wellbeing Servcices. HOUSING AND SUPPORT SERVICES 16 - 25 year olds We provide 99 accornmodation bed spaces across Mendip and South Somerset. The support we offer is delivered through our Pathways to Independence contract and Is funded by Somerset County Council. We offer a range of supported housing projects, single, shared and emergency accommodation, we provide a home and support to develop life skills, prepare for Independent living and acce55 training, education, employment. Our floating support service enables us to reach those who live alone but may be vulr)erable or require support to set up and malntain their tenancy. We also provide a 'Move On. Scheme to promote independent living for anyone who needs assistance or advice for when they move on to the private rented sertor. Adult and Homeless Services We provide a supported housing project for adults with complex needs wlth a home and support to develop life skills, access specialist 5UPPOrt and prepare to move on to Independent living. The support we offer is funded by Mendip District Council and Positive Lives and includes our Private Rented Sector (PRS) scheme which offers support to those seeking accommodation. The Tenancy Accreditation Scheme (TAS) also assists with setting up and maintaining a tenancy and includes a modular life skills programme to help reduce repeat homelessness. Our Deposit Scheme is administered

YMCA BRUNEL GROUP TRUSTEES, REPORT For the year ended 31 March 2021 on behalf of Mendip District Council and provides deposits to landlords for anyone aged 18+ who are in receipt of benefits or on a low income. Platform 4 Lrfe As part of our work with vulnerable young people we have worked with B&NES council to secure funding to implement this new project. We have purchased four 4 bedroomed houses (2 in Bath and 2 in Keynsham}. These homes are allocated to young people in education or employment, They each have their own room and share facilities in the house. It is a great stepping stone to independent living and we have a support worker who helps all the residents settle in, become more independent and ultimately move on to longer term accommodation. Bath Hostel Supported Living Scheme A part of our work 15 Wlth disadvantaged people who need a safe temporary place to stay and we allocate 16 of our hostel rooms in Bath and 9 in Bristol to this area of work and use additional bed spaces when available. Over the last year we have provided 11,142 nights of supported accommodation, However, wlthout dedicated SUPPOrt staff on site we can only keep this to a realistic limit and work with other agencies, such as Julian House to support the clients durlng their short term stay. We provide supported temporary accommodation for people at a time of need in their lives who find themselves homeless. Low level support is provided with an aim to find rnore permanent accommodatlon and allows them to get back on their feet. Night Stop/ Day Stop A lottery funded scheme where we place vulnerable young (16-25yrs) people who find themselves suddenly homeless with host families whilst our support worker helps the young person find longer term solutions. During the day they are able to access support/ guidance at International House, in Bath. Wlth the ￿cent changes in legislation, emergency accommodation for young people has prevented the future use of Bed and breakfasts. This has altered the YMCA'S provision of our supported accommodation in Bath especially for young people between the ages of 17 - 21 years. Working closely with Social SeNices we can provide emergency accommodation for a young person for a couple of days to a few weeks. The benefit of using the YMCA for young people 15 that it is safe accommodation with staff on site 24 hours and it aSlows time for agencies to work towards finding supported lodgings or mediating with the family to allow them to return home. The hostel also increases its provision of temporary accommodation from October to February which allows a few month's respite for people currently sofa-surfing or with short term accommodation problems. FAMILY WORK & CHILDRENS SERVICES Preschool education throu hnur er Our Children's work continues to evolve and develop. There are now 9 nurseries (8 in Wiltshire and l in Bath) in our group and three out of school clubs. Altogether, there are over 300 nursery places and nearly 100 out of school place5. These are sUPPOrted

YMCA BRUNeL GROUP TRUSTEES. REPORT For the year ended 31 March 2021 by enthusiastic and caring team members and sustained by very healthy home- produced meals and snacks. This year we have adopted an electronic method of assessing the younger children using iPads. Parent5 can upload their family events and comment and delight in their hild's day at nursery. It has been a very difficult year due to the Pandemic, but we have continued to provide care throughout thi5 time. Green Shoot5 Nursery remalned open throughout all lockdowns, whilst all other settings remalned open when they We￿ needed. We have dressed up, dressed down, face painted and spattered and sprayed paint everywhere. We have played chess, scrabble, snakes and ladders, patience and playground games. Otsted have loved us, praised us and challenged us. Our managers have met together, (although prlmarily via video link), our deputies and our curriculum leads and our cooks have a150 met. Our gardens and outside areas have had many hours of improvement as the chlldren vote to spend as much time as possible outside. We have baby gardens, running around gardens, chocolate smelling plants and vegetable gardens for potatoe5, tomatoes and green beans. We have had lovely families, challenging families, grateful families and mostly been greatly appreciated across the group. Nothing is too much trouble for the dedicated teams. YMCA England relayed one of our case studies to Govemment and both Wiltshire Council and Bath and North East Somerset Council continue to be compllmentary about our practice. YOUTH AND COMMUNITY SERVICES Youth Groups Whilst this year has been very different to a norrnal one we have still been able to deliver se55ions for our young people. During lockdowns there were weekly Zoom meetings and, when restrictions allowed, we almed to provide 10 youth club sessions per week offering a curriculum based framework and information, advice and guidance. We also provlde 4 Young Carer groups in Mendip and South Somerset. Our sessions span across 8 youth centres for young people aged 11-19 years old and up to 25 for young people with additional needs. We are based In Frome, Coleford, Glastonbury Windmill & Redbrick, Shepton Mallet, Street, Milford, Westfield and Wyndham in Yeovil. Our fundlng for our Youth work comes from a variety of sources, although as the Youth Investment Fund (YIF) from the National Lottery and Department of Culture, Media & Sport is no longer available and no replacement funding has been put in place, we now fund the majority of work ourselves. We have strong links and some financial support from all of the Town and Parish Councils where our youth work takes place and we

YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2021 endeavour to deliver our services in keeping with need5 of young people and their communities. PUBLIC BENEFIT The board has considered the general guidance on public benefit issued by the Charity Commission, has taken due regard of that guidance and is satisfied that the charity's activities do provide wider public benefit, HEALTH & WELLBEING Our Health & Wellbeing centre in Bath has been closed for much of the year due to lockdown restrictions. Due to thi5 wve have lost a large proportion of our membership, although a strong core of around 600 are stlll uslng our facilities. We hope to ￿launCh and update our facility once the COVID pandemic eventually comes to an end. Throughout lockdown, we offered free on-line classes to our members and now stream a number of live classes each week. FINANCIAL REVIEW As previously mentioned on 1st April 2020 YMCA Bath Group merged into Mendip YMCA to form YMCA Brunel Group. This was during the first few weeks of the Corona Virus Pandemic and little did we know about what was to come, Budgets were made irrelevant almost immediately and plans changed from growth to consolldation. For the year ended 31st March 2021 a surplus for the year after tax and total comprehensive income of £1,266,872 has been recorded, compared to a surplus of £19,122 in the previous year. The main reason for this surplus 15 the transfer of Net Assets from YMCA Bath Group, this includes all the property and assets that were owned by YMCA Bath Group. Perhaps a better guide to performance is the Surplus on ordinary activities for the year before tax. For the year ended 31st March 2021 this figure was £181,003, compared to the £19,122 for the previous year. During this extraordinary year we have been fortunate enough to have recelved a number of grants to fund our core costs and to enable us to continue our work. Among those grdnts received were: £IOO,000 from The National Lottery, £IOO,000 from The Charities Aid Foundation, £50,000 from YMCA England. We have also been fortunate enough to have been able to access the HMRC Job Retention Scheme to enable us to furlough staff in the areas of our operations that we unable to function during the various lockdowns. Our net assets now stand at £3,074,166 after the Street Foyer property transferred to us from YMCA Bridgwater during the year. Current assets stood at £855,980 at the year end, with £590,909 being cash at bank or in hand. It is anticipated that cashflow will remain strong as we re-open our various projetts that have suffered during the pandemic. YMCA Brunel Group recognises possible concem relating to its participation in a defined benefit pension scheme. Appropriate artion 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 ofthe 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.

YMCA BRUNEL GROUP TRusfEES' REPORT For the year ended 31 March 2021 The penslon scheme Trustee obtains an actuarlal 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 objertives by ensuring budgets, forecasts and plans are available and include the impart of deficit repayments. The pension scheme Trustee Included the impact of pension scheme deficit repayments in considering going concem statu5, reserves, and the risks and uncertainties that the charity face noted elsewhere In this Report. YMCA Bnjnel Group benefits from the pension scheme Trustee and the Principal Employer seeking suitable specialist profession advice both to manage the scheme and in the continuing effort to explore ways of reducing the overall pension deficit. The notes to the Accounts include an accounting policy and further details in note 26. Value for Money Value for Money is integral to our approach to budgeting and business planning. Financial sustainability through the delivery of Value for Money to our stakeholders is central to ensuring that we achieve our mission and all our strategic objectives. We regularly review, report and monitor our outcomes with our stakeholders through variou5 reporting mechanisms as and demonstrated in the activities section of the report. We include the following metrics specifically designed for soclal housing: Reinvestment.. 0.15010 New supply (Social Housing units).. 43.90% New supply (Non-soclal housing units}: 00/0 Gearing: 36. 110/0 EBITDA MRI Interest Cover: 20080/0 Headline Social Housing Cost: £10,530 Operating Margin (social housing lettings)- 13.61% Operating Margin (overall): 22.3010 Return On Capital Employed- 17.12010 Principal risks and uncertalntles YMCA Brunel Group has developed a full and thorough policy for risk management for the organisation. The airn of the policy is to identify and assess risks as far as is reasonable, take steps to mitigate those risks wherever possible, and ensure that a suitable plan is in place to review and monitor risks on an ongoing basis. For each of the following areas a risk assessment has been undertaken, to identify the maln areas of rlsk whlch could affect the organisation. Governance Operation5 Flnances Environmental or external factors (such as public opinion or relationshlp with funders) The charity's compliance with law or regulation

YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2021 YMCA Brunel Group acknowledges that the responsibility for the management and control of the organisation lies with the trustee body. The Board of Management ha5 therefore developed a policy to ensure that each department is equipped with the resources to carry out all the necessary tasks which can then be reviewed by the Board of Management. A standard procedure to identify and assess risk, evaluate action required and ensure consistent monitoring of the risk ha5 been developed which can be applled to all areas of work. The policy requires the Trustees to ensure that a risk assessment is undertaken for each of the main areas outlined above using the following steps: Carry out an initial overview of the area of work to identify main areas of risk Hold meetings and/or workshops with the team working in that area to discuss specific risks to form a list of risks which need to be assessed A risk register template must be completed for each risk using the a9reed scoring system Actions required to mitigate the risks must be put in place The evaluation of the risk and the steps taken to mitigate must be recorded on the template A review date must be set for each risk as appropriate to the risk and any action required The main areas of risk identified are: Significant reduction in income from contractsl funders Major damage to reputation through seriou5 error in an area of work Change in funding, e,g. Houslng Benefit or Local Authority Contracts, causing reduction in income The trustees understand these risks and feel they are mitigated by the various sources of Secure income available to the charity. We have robust systems that monitor daily sales in all areas of our charitable operations. We look at future trends and have an experienced and capable senior staff team who work to a continuous improvement model. We are keeping appraised with the possible changes to Housing Benefit and National and Local Housing funding and have stress tested our budgets to reflect these possibilities and are satisfied that the charitable outcomes in each case can be achieved sustainably. PLANS FOR THE FUTURE The Trustees, plan is to contlnue to develop our work In Ilne wlth our strategy. The focus for 2021 will be to ensure that YMCA Brunel Group is fit for purpose and commercially viable as we start our recovery from the pandemic. This will involve rebuilding the health and wellbeingi nursery and hostel accommodation Income streams, while we look to re-tender for the Pathways to Independence project in Mendip & South Somerset and to develop our various housing projerts for young people in need. We will also seek to develop more housing projects for vulnerable Adults and to seize opportunities to create communities which will enable positive development. io

YMCA BRUNEL GROUP TRU￿Ee$. REPORT For the year ended 31 March 2021 RESERVES POLICY Introduction The Trustees have considered carefully the level of free reserves that should be maintained to safeguard the obligations under our contracts and the needs of all the beneficiaries or users of YMCA Brunel Group. In any circumstances, the charity must also have sufficient funds available to act as a responsible employer to all staff members. The charity has dlverse and relatively secure income st￿aM$ across 29 separate locations. We maintain a comprehensive range of insurance5 including Business Interruption cover of in excess of £5,000.000 over any 24 rnonth perlod. st has been agreed that the following factors need to be taken into conslderatlon In flxing the level of reserves. The costs of completing any outstsnding contracts. Any liabllitles under property or other leases, or extended credit agreements. Any responsibilities for maintenance under property leases. Suffficient funds available for Trustees to be able to take advantage of changes or opportunities that may arise. Cash-flowlsurplus generated, or forecast from YMCA Bath Group's on-going operation. The majority of our assets are in either freehold or leasehold bulldings, but some could potentially be sold if required. We have a good relationship with our bank and would expect a further borrowing facility to be available if required Bearing in mind the considerations given above, it has been resolved that there should be a target of unallocated free reserves in the range of £300,000 - £350,000. As at 31st March 2021, the total funds held were £3L)74,166 of which £204,776 was rep￿sented by restricted funds. These funds are largely represented by Social housing properties, (£2.584,737), however £590,909 is held at bank and in cash at 31st March 2021. We therefore currently hold our target level of free reserves. Thi5 will continue to be monitored by the Trustees on a quarterly basis. STRucfuRE, GOVERNANCE AND MANAGEMENT Company history YMCA Brunel Group Is a charitable company which started as YMCA Mendip, has been active since 1892, and was incorporated on 25th February 1999. It is limited by guarantee and governed by a memorandum and articles of associatlon. YMCA Mendip, as it then was, adopted the new rnodel Governing Documents, recommended by the YMCA Movernent, at the AGM held on 17th April 2019. These were subsequently accepted by both Companies House and the Charlty Commission. li

YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2021 YMCA Mendip was renamed as YMCA Brunel Group when the merger with YMCA Bath Group occurred in 2020. YMCA Brunel Group Is part of the worldwide movement of YMCAS, although it is an autonomous charity, separately funded and locally managed. Directors and Trustees The Trustees, who are also Directors for the purposes of company law, are appointed in accordance with the Articles of Association. The Trustees are elected to serve on the board of management by the full members at the Annual General Meeting. New Trustees follow an induttion programme In addition to training provided during board meetings and at strategic plannlng / training days. A board of management, con515ting of the Trustees and the Chief Executive, meets six times a year to administer the charity. There are sub-committees covering personnel, and audit. The Chief Executive is appointed by the Trustees to manage the day-to-day operations of the charity and in tum is supported by a team of senior staff, The Trustees of the charity during the year were: Mr D Pendle (Chair) Mr R Caddick Rev C Hare Mrs M Hare Mr S Harrison Mr M Pitman Mr P Rose (Treasurer) Mr R Sheard Arrangements for setting pay and remuneration of key management personnel The charity's Trustees and the Senior Management Team comprise the key personnel of the charity, In charge of directlng, controlling, running and operating the charity on a day-to-day basis. All Trustees give their time freely and no Trustee ￿ceiVed remuneration in the year. Details of Trustees, expenses and related party transactions are disclosed in notes 8 & 27 to the accounts. The Remuneration Committee, comprising the Chalrman and a nomlnated Trustee, consider the remuneration of the senior staff. They benchmark similar roles within the YMCA Federation and in other comparable organisations and seek to pay competitive salaries in relation to the scope and impact of each role. 12

YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2021 Network and other relationships The Group is an independent member of the YMCA Federation in England and is affiliated to the National Council of YMCAS. This gives us access to the support and representation provided by YMCA England. We have been an early adopter of the new National Brand and have benefited from the consistency this brings, both through a better visual identity and prograrnme areas being grouped as Support & Advice, Accommodation, Family Work, Health & Wellbeing and Training & Education, albeit that much of our work overlaps two or more areas. We benefit from a close working relationship with our neighbouring YMCAS, particularly in the South West. We are free to set our own operating policies, but seek to share good practice wherever posslble. Risk management As detailed in the Principal Risk5 and Uncertainties sertion of the Financial Review, the Trustee5 continue to examine the major strategic, business and operational risk5 which the charity face5 and confirm that systems are established to ensu￿ that the necessary steps can be taken to mitigate these risks. Compliance with Governance and Financlal Vlablllty Stsndard The Board has reviewed compliance with the standard and confirms that it complies in all material aspetts. STATEMENT OF RESPONSIBILITIES OF THE BOARD The Trustees (who are also Direttors of YMCA Brunel Group for the purposes of company law) are responsible for preparing the Narrative Report (incorporating the direttors, report) and the financial statements in accordance with applicable law and United Kingdorn Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice). Company law requires the Trustees to prepare financial statement5 for each financial year which give a true and fair view of the state of affalrs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the rnethod5 and principles in the Housing SORP; make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subjert to any material departures disclosed and explai ned in the financial statements. and 13

YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2021 prepare the financial statements on the going concem basis, unless it 15 inappropriate to presume that the charitable company will continue in business. The Trustee5 are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable 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. In so far as the Trustees are aware.. there Is no relevant audit information of which the charitable company's auditors are unaware; and the Trustees have taken all steps that they ought to make themselves aware of that inforniation. Signed on behalf of the trustees Mr D Pendle Trustee 5 August 2021 14

YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2021 Independent Auditor's Report to the Member$ of YMCA Brunel Group Oplnlon We have audited the financial statements of YMCA Brunel Group (the 'the parent charitable company,) and its Subsidiary ('the group.) for the year ended 31 March 2021 which comprise the consolidated statement of comprehensive income, the charity only statement of comprehensive income, the group and charity balance sheet, the group and charity statement of change in reserves, the group and charity cashflow statements and notes to the financial statements, including 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: give a true and fair view of the state of the group's and parent charitable company's affalrs as at 31 March 2021, and of its income and expenditure for the year then ended; have been properly prepared In accordance with United Kingdom Generally AC￿pted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006, the Housing and Regeneration Act 2008 and the Accounting Direttion for private registered providers of social housing in England 2019. Basis for oplnlon 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 group and the parent 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 rnlatln9 to golng concern In auditing the financial statements, we have concluded that the board's use of the going concern bas15 of accountin9 in the preparation of the financial statements is approprlate. 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 charitable parent company's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the board with respect to golng concem are described in the relevant sections of this report. 15

YMCA BRUNEL GROUP INDEPENDENT AUDThOR'S REPORT TO THe MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2021 other infomiation The other infom)ation comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other informatlon and, in doing so, consider whether the other information is materially incon5i5tent 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 mi55tatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material mi55tatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnh)rs on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the informatlon given in the Trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements- and the board report 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 group and the charitable parent company and its environment obtained in the course of the audit, we have not Identified material misstatements in the Trustees. report. We have nothing to report in respert of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns: or certain disclosures of directors, rernuneration specified by law are not made- or we have not received all the information and explanations we require for our audit In addition, we have nothlng to report In respect of the following matter where the Housing and Regeneration Act 2008 requires us to report to you if, in our opinion: a satisfactory system of control over transattions has not been maintained. Responslbllltles of the ljoard As explained more fully in the board's responsibilities statement set out on page 13, the Trustees (who are also the directors of the charitable parent company for the purposes of company law) are responsible for the preparation of the financlal 16

YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROLIP For the year ended 31 March 2021 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 due to fraud or error. In preparing the financial statements, the board is responsible for assessing the association'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 board either intends to liquidate the association or to cease operations, or has no realistic alternative but to do so. Auditorfs responsibilitieg for the audit of the financlal ststements Our objectives are to oblain reasonable assurance about whether the financial statements as a whole are free from material mi55tatement, whether due to fraud or error, and to issue an auditor's report that include5 our opinion, Reasonable a55urance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5 (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 procedu res in line with our responsi bilities, 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 detai led below,. Enquiry of management and those charged wlth governance about any known or susperted instances of non-compliance with laws and regulations and fraud; Reviewing minutes of meetings of those charged with governance and any correspondence with The Charity Commission; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; Performing analytical procedures to identify any unusual or unexpected relationship that might indicate a risk of material misstatement due to fraud; Performing audit work over the risk of management override of controls, including testing of journa l entries and other adjustments for appropriateness, evaluatlng the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bia5. Because of the inherent limitatlons of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulatlcn. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, a5 we will be less likely to become aware of instances of non-compliance. The risk Is also greater regarding irregularities occurring 17

YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2021 due to fraud rather than error, as fraud involves Intentlonal concealment, forgery, collusion, omission or misrepresentation. A further descriptlon of our responsibilities is available on the Financial Reporting Council's website at.. htt www.frc.or Our-work Audit Audit-and- assurance Standards-and- uidance Standards-and- uidance-for-auditors Auditors- res onsibilities-for-audit Descri tion-of-auditors-res onsibilities-for-audit.as This description forms part of our auditor's report.] Use of our report This report is made solely to the charltable parent company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 137 of the Housing and Regeneration Act 2008. 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 purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work. for this report, or for the opinions we have formed. James Gare FCA (Senior Statutory Auditor) For and on behalf of MHA Monahans Chartered Accountants Fortescue House Court Street Trowbridge Wiltshire BA14 8FA Date..!O Augus12021 18

YMCA BRUNEL GROUP STATEMENT OF COMPREHENSIVE INCOME - GROUP For the year ended 31 March 2021 Notes 2021 2020 Tumover 2, 4 5,977,383 2,959,287 Operating expenditu (5,899,256) (2,942.956) Operatlng surplus / (deficlt) 78,127 16.331 Interest recelvable and similar income 75,688 2,791 Interest payable and Similar charges (30.225) (Deficit) / surplus on ordinary artivities for the year before tax 123,590 19,122 Net Assets transferred from YMCA Bath Group Net Assets transferred from TRIA AKTIV Net Assets transferred from Bridgwater YMCA 30 31 32 1,283,OlS 62,009 (197,146) Taxatlon Surplus / (deficit) for the year after tax and total comprehenslve Income 1.271,468 19,122 On behalf of the Board D Pendle (Chair) P Rose (Trusteel

YMCA BRUNEL GROUP- Charity Only STATEMENT OF COMPREHENSIVE INCOME - CHARITY For the year ended 31 March 2021 Notes 2021 2020 Turnover 2, 4 5,681,633 2,959,287 Operating expenditure (5,546,067) (2,942,956) Operatlng surplus / (deflclt) 135,566 16,331 Interest receivable and similar income 75.662 2,791 Interest payable and similar charges (30,225) Surplus / (deficit) on ordinary actlvltles for the year before tax 181,003 Net A55ets transferred from YMCA Bath Group Net Assets transferred from Bridgwater YMCA 30 32 1,283,015 (197.146) Taxation Surplus / (deficit) for the year after tax and total comprehensive Income 1.266.872 19,122 On behalf of the Board D Pendle (Chair) P Rose ITrustee) 20

YMCA BRUNEL GROUP- Company number 03719773 BALANCE SHEET- GROUP As at 31 March 2021 Notes 2021 2020 FIXED ASSETS Social housing properties Other tangible fixed assets Investments io li 13 2,584,737 4,374,055 309,775 7,268,567 815.326 463,920 212,307 1,491,553 CURRENT ASSErs Debtors Cash at bank and in hand 14 265,071 590,909 855,980 14Z,200 480.385 622,585 CREDrroRS: amounts falllng due within one year 15 (705.068) (248,338) NEf CURRENT ASSETS 150,912 374,247 TOTAL A55ETS LESS CURRENT LIABILITIES 7,419,479 1.865.809 CREDITORS: amounts falllng due after one year 16 (4,345,313) (63,102) NET ASSETS 3,074,166 1,802,698 RESERVES Income and expenditure reserve Restricted funds 21 22 2,869,390 204,776 1,680,540 122,158 TOTAL RESERVES 3,074,166 1,802,698 These financial statements have been prepared in accordance wlth the special provision5 of Part 15 of the Companies Act 2006 relating to charitable small companies. The financial statements were approved and authorised for issue by the Board on and signed on their behalf b D Pendle (Ch P Rose (Trustee) 21

YMCA BRUNEL GROUP . Company number 03719773 BALANCE SHEET - CHARrrY As at 31 March 2021 Notes 2021 2020 FIXED ASSETS Social housing properties other tangible fixed assets Investments io 12 13 2,584,737 4.333.162 309,875 27.774 815,326 463,920 212,307 1,491,553 CURRENT A55ETS Debtors Cash at bank and in hand 14 279,594 539,278 818.872 142,200 480.385 622,585 CREDITORS: amounts falllng due wlthln one year 15 (673,839) (248,338) NET CURReNT ASSErs 145,033 374,247 TOTAL ASSETS LESS CURRENT UABILITIES 7,372,807 1,865,800 CREDITORS: amounts falllng due after one year 16 (4,303,237) (63,102) NEf ASSErs 3.069,570 1,802, 698 RESERVES Income and expenditure reserve Restritted funds 20 22 2,864,794 204,776 1,680,540 122,158 TOTAL RESERVES 3.069.570 1,802.698 These financial statements have been prepared in accordance wlth the speclal provlslons of Part 15 of the Companies Act 2006 relating to charitable small companies. The flnanclal statements were approved and authorised for issue by the Board on and signed on their behalf by: D Pendle (Chair) P Rose (Trusteel 22

YMCA BRUNEL GROUP srATEMENT OF CHANGE IN RESERVES- GROUP For the year ended 31 March 2021 Restricted réser¥o Unrestrictéd Reserve Total At l April 2019 91,502 1.692.074 1.783,576 Surplus for the year after transfers 30,656 (11,534) 19,122 At 31 March 2020 and l April 2020 122,158 1,680,540 1,802,698 Surplus for the vear 82,618 1,188.850 1,271,468 At 31 March 2021 204,776 2,869,390 3,074,166 23

YMCA BRUNEL GROUP srATEMENT OF CHANGE IN RESERVES - CHARrrY For the year ended 31 March 2021 R•stricted ras•r¥• Unrestrirted Rasenre Totsl At l April 2019 91,502 1.692.074 1.783.576 Surplus for the year after transfers 30.656 (11,534) 19,122 At 31 March 2020 and l April 2020 122,158 1,680,540 1,802.698 Surplus for the vear 82.618 1,184,254 1,266,872 At 31 March 2021 204.776 2,864,794 3,069,570 24

YMCA BRUNEL GROUP STATEMENT OF CASH FLOWS - GROUP For the year ended 31 March 2021 Note 2021 2020 Cash flow from oporating actlvities 23 194.304 Cash flow from investing artivitles Payments to acquire social housing propertv Payments to acquire tangible fixed a55ets Interest payable Interest received and similar income Net cash used In Investing artivities io 12 (3,749) (131,244) (30,225) (650) (SS,903) 5,111 51,442 138.647) Cash obtalned through acquisition Cash transferred in from TRIA-AKTIV Cash transferred in from Bath YMCA Group 67,601 38,187 105,788 Cash flow from financlng activltles Payments towards pension liability New loans received in the year Repayment of loan capital (40,118) 50,000 60,803 (50,921) Change in cash and cash equlvalents in the year 110.524 44,575 Cash and cash equlvalents at l April 2020 480.385 435,810 Cash and cash equivalents at 31 March 2021 590,909 480,385 Cash and cash equlvalents consists of: Cash at bank and in hand Cash and cash equivalents at 31 March 2021 590,909 480,385 25

YMCA BRUNEL GROUP srATEMENT OF CASH FLOWS- CHARITY For the year ended 31 March 2021 Note 2021 2020 Cash flow from operatlng actlvltles 23 260.300 96,017 Cash flow from Investing actlvities Payments to acquire Social housing property Payments to acquire tangible fixed assets Interest payable Interest received and similar income Net cash used In Investing activitle$ io 12 (3,749) (131,244) (30,225) 26,545 138.673 (650) (55.903) 5,111 51,442 Cash obtained through acquisition Cash transferred in from Bath YMCA Group 38,187 Cash flow from flnancing activities Payments towards pension liability Repayment of loan capital (40,118) 60,803 100,921 Change In cash and Cash equlvalents In the year 58,893 44,575 Cash and cash equlvalents at l April 2020 480,385 435,810 Cash and cash equivalents at 31 March 2021 539,278 480,385 Cash and Cash equivalents consists of: Cash at bank and in hand Cash and osh equivalents at 31 March 2021 539,278 480,385 26

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 ACCOUNTING POLICIES General infiprn7ation and basis of preparation of financial statements YMCA Brunel Group is a charitable company and a private registered provlder of social housing in the United Kingdom. The address of the Company is given in the reference and administrative details on page l of these ffinancial statements and the nature of the Company's operations and principal activities are provided within the Trustees, Report. YMCA Brunel Group constitutes a public benefit entity as defined by the Financial Reporting standard applicable in the UK and Republlc of Ireland (FRS 1021. The financial statements have been prepared in accL)rdance with applicable accounting standards including Financial Reportlng Standard 102, The Financial Reporting Standard Applicable In the UK and Republic of Ireland (FRS 102), the Statement of Recommended Practice for Social Housing Providers 2018 (SORP), and with the Accounting Dlrectlon for prlvate registered providers of socia5 housing in England 2015. The financial statemernt5 are a150 prepared under the requirements of the Housing and Regeneration Art 2008, the Companies Att 2006 and the Charities Act 2011. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain iterns at fair value. The financial statements are prepared in 5terlingi which is the functional currency of the organisation and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial 5taternents are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Group financial statements These group financial statements consolidate the results of the charity and its wholly-owned subsidiary Tria-Aktiv (UK) Limited, both of which make up thelr financial statements to 31 March. A separate statement of financial artivities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by Section 408 of the Companies Act 2006. Tangible fixed assets Tangible fixed assets (including social housing properties) are stated at cost (or deemed cost)- C05t includes costs directly attributable to maklng the asset capable of operating a5 intended such as the cost of acqulrlng land and buildings, developnients costs, interest charges on loans during the development period and expenditure on improvements. Expenditu￿ on improvements will only be capltallsed when It results in incremental future beneflts such as increaslng rental Income, reducing maintenance costs or resulting in a significant extension of the useful economic life of the property. Tangible fixed assets are stated at cost (or deemed cost) or valuatlon less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. 27

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL sfATEMENTS For the year ended 31 March 2021 Assets costing less than £1,000 are nat capitali5ed. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as Freehold land Not Depreciated Non-housing freehold buildin( Over 50 years Equipment Over 10 years Fixtures and fittings Over 1-5 years Housing properties are divided into the major components and charged depreciatlon. so as to write-down the cost of each component to its estimated residual value, on a straight line basis, over its estimated useful economic life. The company depreciates the major component5 of its housing propertles at the followlng annual rate5. Land Main fabrlc Roof structure Kitchens Bathrooms Windows and door5 Mechanical systems Gas boilers Elertrics Not Depreclated Over 100 years Over 70 years Over 20 years Over 30 years Over 25 years Over 30 years Over 15 years Over 40 years Annually, housing properties are assessed for Impairment indicators. Where indicators are identlfled an assessrnent for impairment is undertaken comparing the property's carrying arnount to its recoverable amount. Where the carying amount of a property Is deemed to exceed its recoverable amount, the property is written down to its recoverable amount. The resulting impaimient 1055 is recognised as operatlng expendlture. Where a property Is currently deemed not to be pmviding service potential to the Company. Its recoverable amount is its falr value less costs to sell. Social housing properties transferred are Included in fixed assets at fair value with an equivalent amount shown as donated income. Any liability to repay the grant funding if the property is no longer used for social housing is not included on the balance sheet but IS shown a5 a contingent Investments Listed investfftents are held at market value and represent investments held In Investment funds that are externally managed. Unreali5ed gains and 1055es arising on the revaluation of investments are credited or charged to the Statement of Comprehensive Income. Investments in subsidiarie5 are measured at cost less impairment. Financial Instruments The charity only holds basic financlal instnjments as defined In FRS 102. The financial assets and financial liabilities of the charity and their measurement basis are as follows.. 28

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL sfATEMENTS For the year ended 31 March 2021 nancial assets trade debtor, accrued income and other debtors are basic financial instruments and are debt instruments measured at amortised cost a5 detailed in note 13. Prepayment5 are not financial instruments. Amounts from the charity's wholly owned subsidiary are held at face value less any impairment. Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. It 15 classified a5 a basic financial instrurnent and is measured at face value. El￿￿1￿1 LdLth- trade creditors, accrua15 and other creditors are financial instruments, and are measured at amortised cost as detailed in note5 14 and 16. Taxatlon and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be 3 financial liability, as the cash settlement has already taken place and there is an obligation to deliver Services rather than cash or another financial instrument. Loans and borrowings, are initially recognised at the transaction Pri￿ i ncluding transaction costs and subsequentlyi they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Impairnient Assets not measured at fair value are reviewed for any indication that the asset may be Impalred at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cèsh generating unit, is estimated and compared to the carrylng amount. Where the carrying amount exceeds its recoverable amount, an impairment 1055 is recognised In profit or loss unless the asset is carried at a revalued amount where the impairment loss is revaluation decrease. Provlslons Provisions are recognised when the charSty has an obligation at the balance sheet date as a result of a past event, it 15 probable that an oufflow of economic benefit5 will be required in settlement and the amount can be reliably estimated. Debtors receivable and credltors payable wlthln one year Debtors and creditors with no stated interest rate and recelvable or payable within one year are recorded at transaction price. Any 1055es arising from impaimient are recognised in expenditure. Loans and borrowlngs Loans and borrowings are initially recognised at the transaction prlce including transaction costs. Subsequently, they are measured at amortlsed cost using the effective interest rate method, le55 irnpairment. If an arrangement constitutes a finance transaction it is measured at present value. Leases Rentals payable and receivable under operating leases are charyed on a straight line basis over the period of the lease. Tax 29

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL sfATEMENTS For the year ended 31 March 2021 The Company is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and 15 considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. The activities of the Company are partially exempt from VAT. Irrecoverable VAT which can be attributed to a capital item or operating expenditure is added to the cost of the capital item or expenses were practicable and material. Turnover and other Income Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of tumover are as follows- Turnover represents rental income receivable in the year net of 1055e5 from voids. revenue grants from the government (local authorities) and Homes England (formerly the Homes and Communitie5 Agency) and other income from trading. Government grants a￿ ￿ceiVed in respert of purchasing fixed assets. These grants are recognised at the fair value of the asset received or ￿e1Vable. The assets are accounted for using the cost model and the government gr?nt 15 accounted for using the accrua15 model. The dlfference between the fair value of the asset and the consideration is recognised as a liability and amort15ed over the useful economic life of the asset. This amortisation is recognised within turnover. Where disposal of government donated a55ets are required to be recycled, a liability is included to recognise thi5 obligation. Grants re￿iVed as a contribution to revenue expenditure are recognised in the statement of comprehensive income on a systematic basis over the period in which the organisation recognises the related c05t5 for which the grant is intended to compensate. Grants a recognised in the same period as the related expenditure provided the conditions for receipt have been satisfied and there is reasonable assurance that the grant will be received. other income streams are recognlsed when the Company is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be re￿ived. More detail on Specific elements of other Income streams are provided below. For donations to be recogni5ed the Company will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those condition5 15 within the control of the Company and it is probable that they will be fulfilled. Income tax recoverable in relation to donations received under Glft Aid or deeds of Covenant is recognised at the time of the donation. 30

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 Donated facilities and donated professional services are recognised as income at their fair value when thelr economlc benefit Is probable. it can be rneasured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding arnount is recognised in expenditure. Flxed asset gifts In kind are recognised when recelvable and are included at falr value. They are not deferred over the life of the asset. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognlsed. On occasion legacies will be notified to the charity. However it is not posslble to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from the hostel, restaurant, health suite and nursery. together with other income, is Included In incoming ￿sOurceS in the period to which the income relates. Investment income is eamed through holding assets for investment purposes such as property. It Include5 interest and rent. It is included when the amount can be measured reliably. Interest income is recognised using the effertive interest method and dividend and rent income is recognised as the charity's right to receive payment is established. Interest Income is recognised using the effective interest method. Any a550ciated income tax recoverable is recognised at the same time as interest income Is recelvable. Expenditure recognltlon All expenditure 15 accounted for on an accruals basis and has been classlfled under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or construttive obligation to make payments to third parties, It is probable that the settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as an expense against the activity for which expendlture arose. Operating profit Operating surplus Includes all income and expenditure of the organisation, other than interest recelvable and investment gains. Employee benefrts When employees have rendered a service to YMCA Brunel Group, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. YMCA Brunel Group operates defined contribution plans for the benefit of its employees. Contributions are expensed as they become payable. 31

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 YMCA Brunel Group participated in a multi-employer defined benefit pension plan for employees of YMCA5 in England, Scotland and Wales, which was c105ed to new members and accruals on 30 April 2007. Due to insufficient infomiation, the plan's actuary has advised that it is not possible to separately identify the assets and liabilities relating to YMCA Brunel Group. As described in note 26 YMCA Brunel Group has a contractual obligations to make pension deflclt payments of £40,118 pa over the period to April 2029, attordingly this is shown as a liability in these accounts. In addition, YMCA is required to contribute £6,349 pa to the operating expenses of the Pension Plan and these costs are charged to the Statement of Comprehensive Income as made. Restrlcted reserves Restricted reserves are those reserves which are only expendable in accordance with the wishes of the funder or regulatory body. Restricted reserves include funds raised in response to a specific appeal. Revenue and expenditure cannot be directly set against restricted reserves but s taken through the statement of comprehenslve Income and then a transfer to restricted reserves is made as appropriate. Golng concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material Un￿rtaIntieS exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufFicient with the level of reserves for the Company to be able to continue as a going concern. Judgements and key sources of estlmation uncertainty The key sources of estimation uncertainty at the reporting date that have a slgnlflcant risk of causing a rnaterial adjustment to the carrying amounts of assets and liabilities Include obligations under defined benefit pension scheme5 (see note 26) and the split and useful lives of components of social housing and other fixed assets (see notes 10 and 11). 32

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 TURNOVER Group 2021 Charity 2021 Charlty 2020 Grants Adult & Homeless Prevention Income Social Housing (see Note 4) Donations and legacies Pathway to independence (P21) Income Preschool education Bristol Wing incorne Health and wellbeing income Income from trading 5ubsidary (see Note 3} Other turnover 987,859 145,209 1,755,111 38,116 967,507 1,455,682 184,014 78,080 295,750 70.055 987,859 145,209 1,755.111 38,116 967,507 1.455,682 184,014 78,080 343, 748 128,023 1,229,392 200,240 906,660 70,055 151,224 5,977.383 5,681,633 2.959,287 INCOME FROM TRADING SUBSIDIARY The wholly-owned trading 5ub5idiaryi Trla-Aktiv (UK) timited, company number 02189118, which is incorporated in the United Kingdom, pays all its taxab5e proFits to the charity by Gift Aid. Tria-Aktiv (UK) Limited operates a hostel at Bath YMCA and Bristol YMCA and also operated the Kitchen café at the Station in Bristol until September 2019. The charity owns the entire 155ued share capital of 100 ordinary shares of £1 each. A summary of the trading results as recorded in that company's statutory accounts (therefore, gr055 of all intra-group transartions), is shown below'.- 33

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 2021 2021 2020 2020 Turnover and Interest receivable Hostel income Catering income Room hire Functions Miscellaneous sales Grant income 189,466 5,211 255 1,024,892 246,512 13,741 28,937 9.609 5,252 95,566 295,750 26 1.323.691 231 Interest 295,776 1,323,922 Cost of sales and admlnistrative expenses 353,189 1.122 048 (Loss) / profit (57,413) 202.874 Retained profit brought foThvard Charges from YMCA Brunel Group Amount gifted to YMCA Brunel Group 61,909 72,364 (112,215) (100,114) 4.496 61,909 The assets and liabilities of the subsidiary were: FSxed assets Current assets Credltors.. amounts falling due wlthln one year 40,893 64,899 (101,196) 52,239 96,274 (86,504) Total assets less net liabilities 4,596 62,009 Called up shared capital Reserves loo 4,496 loo 61,909 4,596 62,009 34

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 SOCIAL HOUSING TURNOVER AND COSTS (GROUP AND CHARITY) SOCIAL HOUSING LETfINGS 2021 2020 Turnover Rent receivable after volds 1,755,111 1,229,392 Expenditure Social housing lettings Management Maintenance Bad debts Depreciation of housing properties other costs Total social housing lettings 1,326,271 68,914 66,342 36,650 18,085 1,516,262 1.221,234 84,620 18,356 9.864 23,605 1.357,679 Operating surplus I Ideficit) from social housing activities 238,849 (128,287) Rent losses from voids 254,032 494,099 ACCOMODATION OWNED AND IN MANAGEMENT (GROUP & CHARITY) 2021 Property Unlts 2020 Pmperty Units supported Housing owned and managed Supported Housing managed for others 41 103 144 23 76 99 INTEREST RECEIVABLE AND SIMILAR INCOME Group 2021 Charlty 2021 Charity 2020 Rental Incorne Interest and dividends receivable Gains l {losses) on investments 23,945 2,626 49,117 23,945 2,600 49,117 5.111 (2,320) 75,688 75,662 2,791 35

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 SURPLUS / (DEFICIT) ON ORDINARY ACTIVITIES - GROUP Group 2021 Charity 2021 Charity 2020 The operating (deficit) / surplus 15 arrived at after Depreciation - other fixed assets Deprecation - social housing properties Operating lease rentals Auditors remuneration audit fee Movement In pension deficlt liability 215,800 39,592 204,453 39,592 54,187 7,100 27,843 8,274 21.843 8,274 16,797 10,376 BOARD AND KEY MANAGEMENT PERSONNEL REMUNERATION The key management includes the trustees of YMCA Brunel Group and the senior management team as detailed on page l. Totsl remuneration (including employer national insurance) for key management personnel of the Company and the Group amounted to £289,022 (2020.. £159,819). No remuneration was received by trustees and non-executive board members. During the year no trustees received reimbursement of expenses (2020: £nll). STAFF NUMBERS AND COSTS Group 2021 Charlty 2021 Charity 2020 Wages and salaries Social security costs Pension costs Redundancy and other employment costs 3,310,506 209,418 176.115 3,068,943 199,605 165.542 1,329,675 193.741 33,785 18.155 3,696.039 3.434.090 1.485,356 The average weekly number of employees, including members of the management team, calculated on a full tlme equivalent basis was 134 12020 . 59.3). One employees received remuneration between £70,000 and £80,000 (2020: none). No other employees eamed over £60,000. 36

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 10. SOCIAL HOUSING PROPERTIES (CHARITY & GROUP) Land Property Total Cost At l April 2020 Transfer from Bridgwater YMCA {See note 32) Additions 225,650 606,639 1,805,254 3,749 2,415,642 832.289 1,805,254 3,749 2,641.292 At 31 March 2021 225,650 Depreclatlon At l April 2020 Transfer from Bridgwater YMCA Charge for the year At 31 March 2021 16,963 16,963 39.592 39,592 56,555 56.555 Net book value At 31 March 2021 225,650 2.359,087 2,584,737 At 31 March 2020 225.650 589,676 815,326 Land leased to third parties for social housing rep￿sents freehold land, which has been developed by Bridgwater Young Men's Christian Association. under a 99 year long leasehold arrangement. The property was transferred to YMCA Brunel Group on l July 2020 and the long leasehold on the land was revoked. The land has been reflected in the accounts at the cost to YMCA Brunel Group. The addition in the year represents legal costs associated with the anticipated transfer. 37

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 11. OTHER TANGIBLE FIXED ASSETS- GROUP Freehold land & property Leasehold land & property Plant & Machinery Gym quipment Cost At l April 2020 Transferred from Bath YMCA Transferred frorn Tria-Aktiv (UK) Additions Disposals At 31 March 2021 431,193 2,908,677 151,147 167,589 84,953 7,682 (101,218) 310,153 2,061,600 40,897 28,675 86,527 58,097 3.397,967 2,131,172 86,527 Depreciatio At l April 2020 Transferred frorn Bath YMCA Transferred from Trla-Aktlv (UK) Charge for the year On disposals At 31 March 2021 111,414 941,304 120.247 142.447 66,823 33,644 (101,218) 261,943 227,282 6,788 58,225 85,985 73,817 525 1,126,535 292,295 86,510 Net book value At 31 March 2021 2,271,432 1,838,877 48,210 17 At 31 March 2020 319,779 30,900 38

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 Offlce Equipment Fixtures & Fittings Motor Vehicles Total Cost At l April 2020 Transferred from Bath YMCA TraTr5fe￿ed from Tria-Aktiv (UK) Additions Disposals At 31 March 2021 137,016 50,063 22,872 32,293 92,417 149,827 130,566 151,S74 112,573 4,497 (5,681) 393,529 849,922 5.437.180 261,295 131,244 (199,316) 6,480,325 11,150 11,150 Depreciation At l April 2020 Transferred from Bath YMCA Transferred from Tria-Aktiv (UK) Charge for the year On disposals At 31 March 2021 112,763 50,063 22,872 24,760 192,418) 118,040 41,578 33,242 112,573 24,829 (2,425) 209,797 386,002 1,491,473 209,056 215,800 (196,061) 2,106,270 11,150 11.150 Net book value At 31 March 2021 31.787 183.732 4,374,055 At 31 March 2020 24,253 88, 988 463, 920 39

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 12. OTHER TANGIBLE FIXED ASSETS- CHARITY Freehold land & property Leasehold land & property Plant & Machinery Gym Equipment Cost At l April 2020 Transferred from Bath YMCA Additions Disposals At 31 March 2021 431,193 2,908,677 58,097 151,147 167.589 7,682 (87,487) 238,931 2,061,600 28,675 86,527 3,397,967 2,090,275 86,527 Depreclatlon At l April 2020 Transferred from Bath YMCA Charge for the year On disp05a15 At 31 March 2021 111,414 941,304 73,817 120,247 142,447 26,387 (87,487) 201,594 227,282 54,135 85,985 525 1,126,535 281,417 86,510 Net book value At 31 March 2021 2,271.432 1,808,858 37,337 17 At 31 March 2020 319, 779 30,900 Office Equipment Fixtures & Fittings Motor Vehlcles Total Cost At l Aprll 2020 Transferred from Bath YMCA Additions DisP05als At 31 March 2021 137,016 50,063 32,293 181,436) 137,936 130,566 151,574 4,497 (3,256) 283,381 849,922 5.437,180 131,244 (172,179 6,246,167 11,150 11,150 Depreclatlon At l April 2020 Transferred from Bath YMCA Charge for the year On disposals At 31 March 2021 112,763 50,063 24,760 181,4361 106,150 41,578 33,242 24,829 386,002 1,491,473 204,453 168,923) 1,913,005 11,150 99,649 11,150 Net book value At 31 March 2021 31.786 183,732 4,333,162 At 31 March 2020 24,253 88,988 463.920

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 13. INVESTMENTS Group 2021 Charity 2021 Charity 2020 UK quoted unlt trusts Investment property other Investment (shares In tradlng subsidiary) 261,426 48,349 261,426 48,349 loo 212,307 309,775 309.875 212,307 Movements In market value At l April 2020 Transferred from YMCA Bath Group Net gain5 1 (losse5) on revaluations 212,307 48,349 49,119 212,307 48.449 49.119 214,627 (2,320) At 31 March 2021 309,775 309,875 212,307 Historical cost Al 1 April 2020 and at 31 March 2021 UK quoted unit tru5tS Leasehold property loo,000 18,530 loo,000 18,530 loo.000 118,530 118.530 loo,000 No change in market value ha5 been reflected for the investment properties. The Trustees consider that retail property value have not increased during that period due to the existence of vacant retsil units in Bath & North East Somerset 14. DEBTORS Group 2021 Charity 2021 Charlty 2020 Due within one year Trade debtors Intercompany Prepayments and accruèd income Other debtors 166,268 156,087 27,791 95,716 118,246 96,069 2,734 15,384 8,570 265.071 279,594 142,200 41

YMCA BRUNeL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 15. CREDITORS DUE IN ONE YEAR OR LESS Group 2021 Charlty 2021 Charity 2020 Due in one year or less Bank loans (see note 17) Other loans (see note 18) Trade credltors Credit cards other taxation and social security Other creditors Accruals and deferred income Defer￿d capital grant 97,578 iio,000 67,831 7,526 57,890 55,751 244,260 64,232 89,654 iio.000 65,672 7,526 52,903 55,246 228,606 64,232 34.509 21.555 18,300 173,974 705,068 673,839 248.338 16. CREDrroRS DUE AFfER MORE THAN ONE YEAR Group 2021 Charity 2021 Charity 2020 Due after more than one year Bank loans (see note 17) Other loans {see note 18) Deferred capital grant Pension deficit 1,175,789 82,000 2,883,675 203,849 1,133,713 82,000 2,883,675 203,849 63,102 4.345.313 4,303,237 63,102 17. BANK LOANS Group 2021 Charitv 2021 Charity 2020 Amounts falling due- In one year or less Between one and two years Between two and five years More than five years 97,578 99,384 1,076,405 89,654 89,654 1.044,059 1,273,367 1,223.367 Financial instruments measured at amortised cost comprise the loan holdings provided by the bank to the charity. The banks loan are ￿PaYable in instalments and Interest is payable on at 2% p.a. over bose rate. Bank borrowings are secured by fixed and floating charge over the assets of the charity. Interest paid on the bank loans duri ng the period was £30,214. Contained wlthin the group balan￿5 is an additional £50,000 coronavlrus business continuity loan. This is interest free for the first year and then is charged at 2.5Vo. The loan is repayable at £883 per month. 42

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 18. OTHER LOANS Group 2021 Charity 2021 Charlty 2020 En one year or less Between one and two years Between two and five years More than five year5 iio,000 60,000 22,000 iio,000 60,000 22,000 192,000 192,000 The other loans are with Mendip District Council, It Is interest free and repayable at £5,000 per month. 19. OPERATING LEASE COMMITMENTS Total future minimum lease paymerbts under non-cancellable operatlng leases are as follows,. 2021 2020 Not later than one year Later than one and not later than five years Later than five years 222,050 333,504 2,996,682 249,867 90,301 3,552.236 340,168 20. INCOME AND EXPENDITURE RESERVE - CHARITY This represents cumulative surplus and deficits net of other adjustments. Income and Expendlture 2021 2020 At l Aprtl 2020 Total income (tumover and bank interest) Total expenditure {operating expenditure and interest payable) Net Assets transferred from YMCA Bath Group Net Assets transferred from Bridgwater YMCA Transfers (to) I from restrlcted reserve 1,680,540 1,692,074 5.757.295 2,873,470 (5,576.292) (2,885,004) 1,283,015 (197, 1461 {82,618) Reserves Carrled forward 2.864.794 1,680,540

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 21. INCOME AND EXPENDITURE RESERVE - GROUP This represents cumulative surplus and deficits net of other adjustments. Income and Expenditure 2021 2020 At l April 2020 Total income (turnover and bank interest) Total expenditure (operating expenditure and interest payable) Net Assets transferred from YMCA Bath Group Net Assets transfetTed from TRIA AKTIV Net A55etS transferred from Bridgwater YMCA Transfers (to) I from restricted reserve 1,680,540 1,692,074 6,053,071 2,873,470 (5,929,481) (2,885,004) 1,283,015 62,009 (197, 146) {82,618) Reserves Carried forward 2,869,390 1,680,540 22. RESTRICTED RESERVES (CHAIUTY & GROUP) RevenLJe and expenditure cannot be directly set agalnst restricted reserves but Is taken through the statement of comprehensive income and then a transfer to restricted reserve5 is made as appmpriate. Details of any restrirted income received and spent in the year and unspent at the year end a￿ provided below: There were restricted funds of £204,776 to carry forward at the year end date. Details of restricted monies received and spent in the year a￿ as follows: Year ended 31 March 2021 At31 March 2020 Transfer from YMCA At 31 March Bath Group 2021 Income Expendwlture Routes Frome Zaiger Trust Y&C Garfield Weston Dawe Trust Grant The Malme5bury Fund Other grants and projects 36.328 24,587 48 7,000 36,376 28,788 (2,799) 25,000 (25,000) (26,697) 35,375 8,678 91,105 91.105 36,243 122.158 6,261 48,684 (2,675) (57,171) 39,829 204,776 91,105

YMCA BRUNEL GROUP NOTE5 TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 Year ended 31 Mar 20 At31 March 2019 At 31 March 2020 Income Expend￿ltUre Transfer Youth development Routes Frome Zaiger Trust Weston projects 8,978 36,280 8,771 1,839 48 26,605 25,000 35,116 88,608 (10,817) 36,328 24,587 25.000 36,243 122,158 (10,789) 37,473 91,502 36,346 {57:952) Restrict reserve descri tions Routes Frome The Routes fund is monie5 received to fund the shortfall for the Routes drop in centre at Frome Foyer Zaiger Trust An ongoing fund for resident activities in South Somer5et. Y&C Garfield Weston A grant made to cover core operating costs in 2020-21 for youth work provision across Mendip & South Somerset. This has been deferred until we can re-open face to face youth work actlvlties again. The Malmsbury Fund The Malmesbury Fund represents the monies received from National Councll of YMCAS for which YMCA Bath Group now acts as Trustee. It is governed by agreements dated 1921 and 1926 stating that the funds should be applied for the beneflt of the residents of Malmesbury. The Fund was established following the sale of a YMCA property in the town and it is envisaged that the monles will be used to establish a new piece of YMCA work. other grants and projects Other restricted grants and projects Included a number of small grants and donations, individually controlled and accounted for by the Trustees, In respect of a number of youth work and accommodation projetts. 45

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 23. RECONCILIATION OF OPERATING (DEFICIT) I SURPLUS TO CASH FLOW FROM OPERATING ACTIVITIES Group 2021 Charity 2021 Charity 2020 Surplu5 for the year Remove transfers from other entitie5 Operating surplus 1,271,468 (1, 147,878) 123.590 1,266,872 {1,085,869) 181,003 19.122 19,122 Depreciation charges Amortised capital grant5 Loss on disposal of fixed assets Interest receivable and similar income Investment gains Interest payable and similar charges Unwinding of pension liability Decrease / (increase) in éebtors Increase / (decrease) in creditors 255,392 (64,23 1) 3.256 (26,571) (49,117) 30,225 8,271 {8.640) (77,871) 244,045 (64,231) 3,256 [26,545) 149,117) 30,225 8.271 [51,836) (14,771) 61,286 (5,111) 2,320 54,211 (35,811) 194.304 260,300 * Transfer of assets from 3rd parties have been ignored 24. ANALYSIS OF NET CHANGES IN DEBT- GROUP At 31 March 2020 At 31 March 2021 Cashflow Loans due in less than l year Loans due in more that l year Total Liabilities (207,578) {207,578) 11,257,789) (1.257,789 (1,465,367) (1,465,367) Cash Total net debt 480,385 480,385 110,524 1.354 843 590,909 874 458 46

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 25. ANALYSIS OF NET CHANGES IN DEBT- CHARITY At 31 March 2020 At 31 March 2021 Cashflow Loans due in less than l year Loan5 due in more that l year Total Liabilities (199,6541 (199,654) [1,215,713) (1,215,713) 1.415,3 1,415, Cash Total net debt 480,385 58,893 (1,356,474) 539,278 876,089) 26. PENSION COMMITMENTS Defined Benefit Pension Scheme YMCA Brunel Group participated in a contributory pension plan provldlng defined beneffits 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 Brunel Group and at the year end these were invested in the Mercer Dynamic De-risking Solution, 40¥0 matchlng portfollo and 60Vo in the growth portfolio and Schroder (property units onlv). The most recent completed three year valuation was as at l May 2020. 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 held before and after retirement of 2.590h arid 1.090 respectivelyi the increase In pensions in payment of 2.990/0 {for RPI capped at 50/0 p.a.), and the average life expertancy from nomal retirement age (of 65) for a current male pensioner of 22.0 years, female 24.4 years, and 23.7 years for a male pensioner, female 26. 1 years. retiring in 20 years. time. The result of the valuation showed that the artuarial value of the assets wa5 É146.Im, which represented 790/0 of the benefits that had accnjed to members. The Pension Plan was closed to new members and future servlce accnjal with effect from 30 April 2007. With the removal of the salary linkage for benefits all employed deferred members became deferred members as from l May 2011. The valuation prepared as at l May 2020 Showed that the YMCA Pension Plan had a deficit of £36 mllllon. YMCA Brunel Group has been advised that it will need to make monthly contributions of £40,118 from l May 2021. Thls 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 8 year5 commencing 1st May 2021. 47

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL sfATEMeNTS For the year ended 31 March 2021 "Ine most recent cornpletea three year valuation was as at l May 2UI/. Due to insurricient information. the plan's actuary has advised that is not PO55ible to separately identify the assets and 1Sabilltles relatlng to YMCA Brunel Group, therefore the scheme is accounted for as a defined contribution scheme and the liability has been determined according to the agreed future deficlt repayments. Amounts recognised in the Balance Sheet are as follows.. 2021 2020 Penslon deficit due in less than l year Pension deficit due in I to 2 year5 Pension deficit due in Z to 5 year5 Pension deficit due after 5 years 40,118 40,118 120,354 43,377 10,376 10,376 31,128 21,598 Deficit 243.967 73.478 27. RELATED PARTY TRANSACTIONS YMCA Bath Group was Considered a related party tD Mendip YMCA (now YMCA Brunel Group) due to shared key management personnel and in the context of future plans as outlined in the trustees, report. During the year YNCA Bath Group transferred its assets, liabilities and activities to YMCA Brunel Group. In the prior year YMCA 8runel Group incurred £23.988 (£20.OOO+VAT) {2019'.£23,988) of costs related to management charges with a balance of £nil (2019:£nill outstanding at the year-end. 28. HOMES ENGLAND CONTINGENCIES The Charity has contingent liabilitie5 of £372,895, £250,150 and £1,795,400 to the Homes & Communities Agency in respect of the Social Housing Grants obtained originally from YMCA England for the Frome Foyer, Harris House and Street Foyer bulldings respectively. These liabilitie5 remain with the buildings for as long at they are used for social housing by a Registere¢J Provider and a￿ therefore not expected to become payable. 29. ULTIMATE CONTROLLZNG PARTY There is no ultimate controlling party of the charltable company. 30. TRANSFERRED FROM YMCA BATH GROUP From l April 2020. the Mendip Young Men's Christian Association merged with YMCA Bath Group (company number 05206496). With effect from l April 2020 Mendip Young Men'5 Christian Association changed its name to YMCA Brunel Group.

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL sfATEMENTS For the year ended 31 March 2021 Value reported by YMCA Bath Group Change in regulatory framework Fair value Transfer in adjustment recognlsed Fixed Assets Freehold property Leasehold property Fixtures & Fittings Plant & Equlpment Gym Equipment Computer Equipment Motor Vehicles Investment property 1.967,373 1,834,318 118,332 25,142 542 1,967.373 1,834,318 118.332 25,142 542 4B,449 48,449 Current Assets Debtors Bank and cash 85,558 38,187 85,558 38,187 Liabilities Creditors falling due within one year Creditors falling due after one year (312,399) (24,334) (336.733) (1,305.749) (1, 192,404) {2,498,153) 2,499,753 (1.216,738) 1,283,015 The ststutory accounts of YMCA Bath Group were prepared under the Charity SORP, where grants are accounted for under the performance model. The accounts of YMCA Brunel Group are prepared under the Housing SORP, where government grants are accounted for under the accruals model. Under this approach grants relating to assets must be wognised in income on a systematic basis over the expected useful life of the asset. One of the freehold properties transferred from YMCA Bath Group was funded from £1.420.112 of grants from the Heritage Lottery Fund, which the Charity have deemed to be government grants. The Charity has restated its creditors as if these grants had been disclosed under the accruals model and have increased creditors by £1.216.738 accordingly. The Charity undertook an exercise to ￿ValUe the various properties transferred from YMCA Bath Group. House Price indexation was used where properties were used for housing, or could easily be converted to housing. For other specialist property - such as hostels, a valuation was based on anticipated income generation. The exercise showed that the carrying values were not materially different to the fair values and no adjustment was deemed necessary. 49

YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2021 31. TRANSFERRED FROM TRIA-AKTIV (UK) LIMrrED- GROUP ONLY Value reported by YMCA Bath Group Change In regulatory framework Fair value Transfer adjustment recognlsed (n Fixed Assets Leèsehold improvements Plant & Equipment 34,109 18,130 34,109 18,130 Current Asset$ Debtors Bank and cash 28,673 67,601 28.673 67,601 Uabllities Creditgrs falling due within one (86,504) (86.504) 62,009 62,009 32. TRANSFERRED FROM BRIDGWATER YOUNG MEN'S CHRISTIAN ASSOCIATION On l July 2020 the opital work5 and grants associated with the development of a property previously reflected within the accounts of Bridgwater Young Men's Christian Association were transferred to YMCA Brunel Group. The long leasehold on the land was revoked. A contingent liability has arisen in respect of the social housing grant associated with this property. value reported by Bridgwater YMCA Changé In regulatory framework Falr value Transfer adjustment recognised in Flxed Assets Social Housing property 1,853,808 (48,554) 1,805,254 Liabilities Deferred grant income Loans (1,795,400) (187,000) (1,795,400) (207,000) (20,000) {128.592 68,554 197,146)

YMCA BRUNEL GROUP NOTES TO THE FZNANCIAL sfATEMENTS For the year ended 31 March 2021 The fair value adjustment on Social Housing Property was calculated as follows Uplift for fair value Remove land value already included In accounts Legal costs 177.096 (225,650) (20,000) 68,55 51