Yn¢A YMCA BRUNEL GROUP & SUBSIDIARY (FORMERLY MENDIP YOUNG MEN'S CHRISTIAN ASSOCIATION) (Regulator of Social Housing registration: 4871 Company Number: 03719773 Registered Charity Nurnber: 1074660) REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 YMCA BRUNEL GROUP REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024 CONTENTS Page Reference and admlnlstratlve detalls Trustees, report 2-12 Independent auditors, report 13-16 statement of comprehensive income - Group 17 Statement of comprehensFve income - Charlty 18 Balance sheet - Group 19 Balance sheet - Charlty 20 statement of change In reserves - Group 21 ststement of change in reserves - Charlty 22 ststement of cash flows - Group 23 Statement of cash flows - Charity 24 Notes to the financial statements 25 YMCA BRUNEL GROUP REFERENCE AND ADMINISTRATIVE DETAILS For the year ended 31 March 2024 REFERENCE AND ADMINISTRATniE DETAILS Trustees Mr R Caddlck Rev. C Hare - Resigned 15101124 Mrs M Hare - Resigned 15101124 Mr S Harrlson Mr D Pendle (Chair) Mr P Rose (Treasurer) Ms K Patel Mr R Tldswell - appointed 26104123 Mr A Cook - appointed 04105123 Secretary Mr M Fairbeard Chlef Executlve Mr M Fairbeard Senior Management Team Mr M Fairt)eard Ch ief Executlve Ms J Honeywell Dlrector, Chlldren's Services Ms P Fairbeard Director, Strategy & Communications Nr D Bowler General Manager, The Bristol Wlng Mr M WilcDX Director, Youth & Community Ms S Montagne Head of People Management Mr J Marshall D1￿ctOr, Finance Ms M King Director, Housing Bath Ms M Bulman Head of Supported Houslng Somerset Registered Company Number 3719773 Registered Charity Number 1074660 Regulator of Social Houslng Number 4871 Registered Office Internatlonal House Broad Street Place Bath BAI 5LH Auditors Sumer Audltco Limited, Fortescue House, Court street, Trowbridge, BA14 8FA Solicitor5 Tozers Solicitors LLP, Broadwalk House, Southemhay West, Exeter EXI IUA Bankers Natlonal Westmlnster Bank, 24-25 stall Street, Bath BAI IQF YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2024 The Trustee5 are pleased to present the financial statements for the year ended 31 March 2024 and confirm that they comply with United Kingdom Generally Accepted Accounting Practice (UK GAAP), Includlng 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 Union of the Young Men's Christian Associations of England, Ireland and Wales adopted by tho Brltlsh Young Men's Christian Association Assembly held In Blrmlngham 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 Saviou r accord ing to the Holy Scriptures, desire to be His Disciples in their faith and in their life, and to associate thelr eFforts for the extenslon of HIS Klngdom. Any dlfference of oplnlon on other subjects, however Important In themselves, shall not Interfere wlth the harmonious relatlons of the Associations of the Young Men's Christian Association Movement in England, Ireland and Wales" Accordlngly the objects of the assoclation are,. (a) To unite those who, regarding Jesus Christ 05 their God and Saviour according to the Holy Scrlptures, deslre to be HIS dlsclples In their faith and In thelr Ilfe, and to assoclate their efforts for the extenslon Df hls Klngdom. (b) To lead young people to the Lord Je5U5 Chrlst and to fullne55 of life in Him. Cc) To provide or assist in the provision in the interests of social welfare of facilities for recreation and other leisure time occupation for men and women with the object of improving thelr condltlons of life. (d) To provide 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 relleve or assist In the rellef of persons of all ages who are in condltlons of need, hardship or distress by rea50n of their social, physical or economic circumstances. (f) To provide resldential accommodatlon for persons of all ages who are in need, hardship or dlstress by reason of their social, physica l or economic circumstances. In shaping the objectives for the year and planning activities the Trustees have considered the Charity Commissions guldance on public beneflt. 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, race, ability or faith. The YMCA as a movement works with young people, families and the wider community by providing a range of hlgh-quallty programmes that support and develop thÈm in mind, body and spirit. YMCA Brunel Group seeks to achieve this, both within the charity work and through its subsidiary tradlng company Trla-Aktlv (UK) Ltd. The main focus of the charity is the personal development of individuals by creating pathways that allow Individuals to access health and wellbeing activities, supported and move an accommodation, low cost childcare, and youth and community clubs and projects. This is all achieved withi n a Christian ethos where ou r values and Integrlty are central to the work and meet the objects stated YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2024 above (a, b, c, d, e and 0. The Trustees confirm that they have due regard to the Charlty Commlsslon's general guidance on Public Benefit, 'Charitles and Public Jeneflt,. Vlslon: We bulld strong communities where everybody can belong, contribute and thrlve. Values: Incluslon We recognlse that every person is different but equally valuable. We actlvely Include people at every level of our organisation, ensuring that Dur setvice users, young people, staff, trustees, volunteers and customers a￿ representative of the communltles that we Serve. We work hard to enable each person to realise their potentla l. Compassion Our work is focussed on connecting with people, and responding to them in a caring ènd compassionate way. Communlty We belleve that we are deslgned to Ilve alongside other people. OLJr wcirk actlvely creates opportunitie5 for the people who are part of the YMCA (our young people, servlce users, staff, volunteers, customer5 etc) to be part of a communlty. Humility We are here to serve the needs Df the communities In which we work. We dont know everything. We listen to, and work alongside others to ensure that together we are making an impact where it is most needed. If we make mlstakes - we learn from them and are honest and open about It. Creatlvlty and Xnnovatlon We aren't afraid to try a new approach or take a measured risk to increase the impact we make and respond to the challenges in our communities. Sustalnability We think about the future, viorklng In ways that bring about long-term benefit to our communlties and our planet. OUR AcrIvrriES YMCA Brunel Group provldes a range of Services for people and communities in response to their needs, with the emphasis on supporteé housing and homelessness, youth and communities, ch ildren's services and nurseries and health & wellbeing. MEASURES USED TO ASSESS OUTCOMES AND SUCCESS The charity seeks to measure outcomes and success In all asperts of its work. The approach is tailored to the speciffic attivity but incl udes the number of participants, approval ratlng (hostel), move-on data (supported housing), Family outcome tracking (Childcare), member journey sothare (health & viellbeing) in addition to reporting budgetary and financlal outcomes. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2024 We seek to collect stories from Indlvidua15 who have been positlvely affected by our work and respond promptly and revlew learning when there are complaints or negative experiences. SAFEGUARDING STATEMENT 'The YMCA'S vlslon Is of an incluslve Chrlstian movement, transformlng communltles so that all young people truly belongi contribute and thrive. YMCA Brunel Group aims to create and maintain a safe and secure environment for all staff, trustees, volunteers, resldents ènd visitors to our facillt]es. In particular the Association Is Fully commltted to safeguardlng all chlldren, 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, rellgion, abllltyi gender, language, background or sexual identity and consider their welfare 15 paramount. We will: Take every reasonable step to ensure that chlldren, young people and vulnerable adults are protected where our staff, trustees, vol unteers and all associates are involved In the dellvery of our work. Enable ?11 our staff and those who work with us to make informed and confident risk-based decisions regardlng safeguarding. Respond appropriately to any allegation, report or suspiclon of abuse. INFORMATION OF FUNDRAISING PRACTICES YMCA Brunel Group generates most of its funds through contracts, subscriptionst grants and donatlons, plus the Commercial activities of it's trading subsidiary. We employ a part time Events and Fundralsing Manager to help raise awareness of our work, manage events and coordinate all fund raising initiative5 suth a5 applications for gr4nts, trusts or funds. As YMCA Brunel Group does not currently run any fLJndrals￿n9 campaigns, other than accepting donations, we do not currently subscribe to any funéralsing regulation schemes. YMCA Bru nel Group has not received any complaints about its fundraising activities, and other than via it's webslte, does not actively pursue funds from the general public. EPO and the Current Challen In External Envlronment On 1st April 2020, YMCA Mendlp and YMCA Bath Group merged to form a new entlty - YMCA Brunel Group. Currently, the economic and polltlcal envlronment In whlch we operate Is turbulent. The UK is faclng ongolng fi nanclal challenges arlslng from the Brexlt transltion, the war betvieen Russla and Ukraine and political changes happening across the world. These factor5 have contributed to rlsing overhead and salary costs, which are expected to continue increasing for the foreseeable future. Addltlonal ly, the labour market Is stretched, making it increasingly difficult to fill vacancies, especially in our Houslng and Childcare projects, however more recently we have witnessed some improvements in recrultment and are Investlng In staff retentlon schemes to help keep them. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 3 1 March 2024 OUR ACTIVITIES The attlvltles of YMCA Brunel Group can be broken down Into 4 core areas: Houslng & Support, Chlldren's Servlces, Youth and Community Services and Health and Wellbeing Servlces. HOUSING AND SUPPORT SERVICES 16 - 25 year olds We currently house and support 95 clients at any one tlme, across South and East Somerset, aged 16 - 25 years. This is part of the Thrlve 16+ contract, commlssioned by Somerset Council, and has been implemented since April 2024. Prevlous to this we operated the Pathways to Independence Servlce for the Councll and we took part in the recom missioni ng of the service durlng 2D23, In which we were successful. We provide high-quality support to all young people in our projerts, ensuring they are always at the centre of our efforts. Each Indlvldual is treated with respect and given a unique, personalised plan through the Thrive 16+ programme. Our support includes guldance, advocacy, actlvltles, and life skills trainlng. We have a high Suc￿sS rate in helping client5 transition i nto educatlon, tralnlngi employment, and ultimately Independent Ilvlng. Adult and Homeless Services We provlde a supported housing project for adults with complex needs with a home and support to develop Ilfe skllls, access Specialist support and prepare to move on to independent Ilvlng. The 5UPPOrt we offer is parily funded by Somerset Council. The Tenancy Accreditation Scheme also assists with setting up and maintainlng a tenancy and include5 a modular life ski115 programme to help reduce repeat homelessne55. Our Deposlt Scheme 15 administered on behalf of the Councll and provides deposits to landlords for anyone aged 18+ who is in receipt of beneflts or on a low Income. Platform 4 Life As part of our work wlth vulnerable young people we worl(ed with B&NES council to secure funding to Implement thls project. We have 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 ultlmately move on to longer term accommodation. The projects are supported with a dedlcated worker across all projects, who hold5 regu lar house meetlngs, and supports client5 on site and remotely. Bath Hostel Supported Livlng Scheme A significant part of ou r work involves supporting disadvantaged indivlduals In need of a safe, temporary place to stay. We allocate approxlmately14 hostel rooms in Bath specifically for this purpose and utilise additlonal bed spa￿S when available. Our goal is to provide supported temporary accommodatlon for those facing homelessne55, offering low-level support armed at helping them secure more permanent housing and regain stability in thelr lives. Support Is on han to help these people back into independent livlng. Night Stop/ Day Stop Dur lottery-funded scheme supports vulnerable young people {18-25 year5 old) who suddenly find themselves homeless by placing them wlth host families. Meanwhile, our support worker assist5 them In flndlng lon9-term housing solutlons. During the dayi these young people can access 5UPPOrt and guidance through our Day Stop service at our main hostel In Bèth. We provide emergency accommodation for durations ranging from a couple of days to a few weeks. The YMCA offers a safe environment wlth staff avallable 24 hours a dayf giving agencies tlme to secure supported lodglngs or mediate wlth famllles to facilitate a retum home. The Day Stop service In Bath offers SUPPOrt, guidance, and advice to young people both within and outside our housing project5. It provides a friendly ear, refreshments, IT acce55, and a Safe Space during office hours. Our housing team in Bath collaborates wlth other agencies to deliver a holistlc support system for the young people uslng our services, including Nightstop. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2024 FAMXLY WORK & CHILDRENS SERVICES Preschool educatlon through nursery provision Our children's program5 contlnue tci evolve and thrSve, with eight nurseries and preschools operating across Wiltshlre, offerlng over 300 places. These faclllties are supported by a team of enthusiastic and caring staff members dedicated to providing high-quality care. Our staff are committed to: Recognislng each child as unique and planning for their individual interests and developmental stages. Providing stimulating, safe, and innovative envlronments both indoors and outdoors. Offeri ng quality care that meets the diverse needs of children and their families. Developing trusting and sUPPOrtive partnerships between home and the nursery, Encouraging social and emotional developtnent as a foundation for life. We have adopted 'Family,' an electronlc method of assessing younger chlldren uslng IPads. Thls allow5 parents to upload famlly events, comment on, and enjoy their child's day at nursery. Recruitment remains a national challenge, however the improvements to government funding are having a positive impact and have allowed us to review salaries. We are optimistic about the futu re of our chlldcare servlces and hope to develop them further over coming years. YOUTH AND COMMUNrrY SERVICES Youth Groups Our work with young people welcomes anyone aged between 10 and 19 years (up to 25 years old with Special Educational Needs); sotlle of these your)g people can be vulnerable and / or have aédltlonal needs. We provlde safe environments where every young person's view is considered. We ensure continued engagement and partlclpatlon In planned programmed of posltive actlvltles and issue-based work; relevanL to the need5 and development of individuals and peer groups. All of our actlvlties are designed to develop SDcial and life skills; increase confidence. and resilience; and help young people move away from any harmful behavlours. Our youth club programmes are delivered through non-formal educational activities which combine enjoyment, challenge and learning. These are desigr)ed to guide young people to think for themselves, make healthy choices, i mprove their emotlonal health and wellbeing, build life skllls as well as develop their own indivldual characters whllst galning a better understhndlng of the world they life in. We are based in Frome, Coleford, Glastonbury Wlndmlll & Redbrfck, Shepton Mallet, street, Mllford, Westfield and Wyndharn In Yeovll. More recently we have been approached about additional clubs In the Mendip area. Somer5et Council pay for us to deliver specific youth clubs for young carers. Whilst we operate from a varlety of physical locations, we also deliver detached youth work targeting harder to reach young people. Our funding for our Youth work comes from a varlety of sources, We are currently undertaklng some major work at our main youth centre in Frome as a result of YIF capital funding. We have strong Ilnks and some financial support from all of the Town and Parish Councils where our youth work takes place and we endeavour to dellver our servlces In keeping wlth needs of young people and thelr communities. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2024 HEALTH & WELLBEING Our Health & Wellbelng centre In Bath offers a fully equlpped & spaclous gym, alongslde a large studlo for classes, We also aC￿sS a second studlo space called the Dojo that is local (5 minutes) from our main site, for some of our yoga classes as It offers a quieter setting. Membership is avallable at a fully Incluslve month ly rate and also at a day rate. This gives unllmlted access to the gym, classes and 1-2- 1 support from our professional trainers. Classes are varled but Include.. HIIT, circuits, indoor cyclingi body pump, yoga, Pirates and Zumba. Some classes are available on- line. The centre prides Itself on belng the￿ for the communlty and to that end works wlth our own residents, other charities and offers two free (or donation based) yoga classes every week. Membershlp number5 are currently averaglng 700 750 members. There has again been an increase in competition with Pure Gym opening a Second large faclllty vwith in walking distance of ourselves and more private studios opening locally. In the last year we have also stsrted to deliver level 2 Gym Instructor teacher trainlng courses that are provlng popular. PUBLIC BENEFIT The board has considered the general guidance on publlc benefit Issued by the Charity Commission, ha5 taken due regard of that gu Idance and is satlsfled that the charity's activities do provide wider publlc benefit. FINANCIAL REVIEW This financlal year ending 31st March 2024 has, as anticipated, been a challenging period. We are still feeling the after effects of the Comnavirus Pandemlc and are also havlng to deal with the ongoing consequences of Brexit and the war between Russla & Ukraine. Recruitment remains difficult and increasing inflatlon rates have led to contlnual rises in energy and overhead costs. For the year ended 315t March 2024 a surplus for the year after tax and total comprehensive income of £246,092 has been recorded, compared to a surplus of £97,143 in the previous year, This year has been very much one of con501idation and we have endeavoured to concentrate on improving our existing services as well as trying to maximise the surplus generdted by our trading company (Tria Aktiv (UK) Ltd). We have reopened the Brlstol Wing as a commercial backpacker's hostel in March 23 and booklngs have been coming in thlck and fast. YMCA Brunel Group recognise5 possible concern relatlng to its partlclpation in a deflned benefit pension scheme. Appropriate actlon has been taken,. The scheme was closed to new members in 2007, and the link to final salary broken in 2011. Additional contributions continue lo be made to reduce the deficlt. As part of the YMCA federation, the multi-employer pension schemels run by an Independent Trustee board with employer representation through the Principal Employer, Nationol Council of YMCAS. The penslon scheme Trustee obtalns an actuarial valuation every three years and we have tDnsidered the Impllcations to the charity's flnance5 from the latest available actuarlal valuatlon. We have revlewed the charity's ability to continue to deliver its charltable objectives by ensurlng budget5, forecast5 and plans are available and include the impact of deflclt repayments. We have induded the Impact of pension scheme deflclt repayments In considering going concern status, reserves, a nd the rlsks and uncertainties that the charity face noted elsewhere In this Report. YMCA Brunel Group benefits from the penslon scheme Tmstee and the Principal Employer seeking suitable specialist profession advi￿ both to manage the Scheme and in the continuing effort to explore ways of reduclng the overall penslon deflclt. The note5 to the Accounts Include an accountlng pollcy and further detalls In note 26. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 3 1 March 2024 Value for Money Value for Money Is Integral to our approach to budgeting and buslness plannlng. Financlal Sustainability through the delivery of Value for Money to our stakeholders is central to ensurlng that we achieve our mission and all our strateglc objectlve5. We regularly review, report and monitor our outcomes wlth our stakeholders through various reporting mechanisms and as demonstrated In the actlvltles section of the report. We include the following metrics specifically designed for Social housing., Relnvestment: OW New supply (Social Housing units): 00/0 New su pply (Non-social housing units): Ovo Gearing.. 8.7% EBITDA MRI Interest Cover.. 581010 Headllne Soclal Houslng Cost: £13,036 Operating Margin (social housing letti ngs): _1.41 % Operating Margin (overall).. 3.090/0 Return On Capital Employed: 3.310/0 Principal risks and uncertainties YNCA Brunel Group has developed a full and thorough policy for risk management for the organisation. The a im of the pollcy is tci identify and assess risks as far as is reasonable, take steps to mitigate those risks wherever possible, and ensure that a sultable plan Is In place to review and monitor risks on an ongoing bas15. For each of the followlng areas a risk assessment has been undertaken, to identify the main areas of risk whlch could affect the organisation. Governance Operatlons Finances Environmental or extemal factors (such as publlc oplnlon or relatlonship with funders) The charity's compliance with law or regulation YMCA Brunel Group acknowledges that the responslbllll'y for the management and control of the organisation Iles wlth the trustee body. The Board of Management has therefore developed a pollcy to ensure that each department Is equipped with the resource5 to carry out 411 the necessary tasks which can then be reviewed by the Board of Management. A standard procedure to identify and assess risk, evaluate actlon requlred and ensure conslstent monitoring of the risk has been developed which can be applied to all areas of work, The maln areas of risk identified are.. Significant reduction in Income from contractsl funders Major damage to reputation through Serious error in an area of work Change in fu nding* e.g. Housl ng Beneflt or Local Authorlty Contracts, causing reductlon 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 charltable operations. We look at future trends and have an experlenced and capable senlor staff team who work to a contlnuous Improvement model. We are keeping appralsed wlth the possible changes to Housing Benefit and National and Local Housing funding a nd have stress tested our budgets to reflect these possibilities and are satisfled that the charitable outcomes In each case can be achleved sustalnably. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2024 PLANS FOR THE FUTURE The Trustees, plan is to contlnue developlng our work In Ilne wlth our strateglc goals. For 2024/25, our focus wlll be to ensure that YMCA Brunel Group 15 frt for purpose and commercially viable as we navigate the current economlc and political envlronment. Thls indudes: Embed the Thrive 16+ project and deliver fully against the commissioned agreement. Develop additional housing projects for vu Inerable adults. Invest in and grow our health & wellbelng project. Develop and Invest In our children's servlces, Expand our youth work across more communities and celebrate the reopening of our Frome youth and community centre in early In 2025. Investlng In our commerclal hostels to surpass customer expectatlons and build ratings, custom 3nd Income. Invest In all our staff through professional development opportunities and robust su pport Systems. Invest In our central services to ensu￿ we have the right staff in the rlght jobs as we plan our future. Conduct a comprehensive review of our strategic plan over thè coming 12 months, involving trustees and staff in the process. Through networking, partnershlps, and strategic plannlngi we aim to grow ou r role In the communlties we sewe, ensuring that we continue to meet the evolving needs of those we support. By investing in our staff and infrastrutture, we are committed to bulldlng a reslllent and sustainable future for YMCA Brunel Group RESERVES POLICY Introduction The Trustees have considered carefully the level of free reserves that should be ma intained to safeg uard 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 diverse and relatively secure income 5tream5 across 29 separate locations. We malntai n a comprehenslve range of Insurance5 including Bu5ine55 Interruption cover of In excess or £5,000,000 over any 24-month period, It has been agreed that the followlng factors need to be ta ken into conslderation in fixing the level of reserves. The costs of completing any outstanding contracts. Any liabilities under property or other leases, or extended credit agreements. Any responsibilities for maintenance under property lease5. Sufflclent funds avallable for Trustees to be able to take advantage of changes or opportunltles that may arise, Cash-ftowlsurplus generated, or forecast from YMCA Brunel Group's on-going operation. The majorlty of our assets are in either freehold or leasehold buildings, but some could potentlally be sold if requlred. We have a good relationship with our bank and would expect a fijrther borrowlng facility to be available if reqLJired Bearing In mlnd the con5ideration5 given above, it has been resolved that there should be a target of unallocated free reserve5 in the range of £300,000 - £350,000. As at 31$t March 2024, the total funds held were £3,480,363 of which £247,631 wag represented by restrlcted funds. These funds are wholly represented by properties that we own, however we do hold El,239,561 at bank and in cash as at 3151 March 2024. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2024 Therefore, although we currently have no free reserves, we do hold enough cash on hand to cover 2 months, worth of salary costs. This wlll contlnue to be monltored by the Trustees on a quarterly basis. STRucfuRE, GOVERNANCE AND MANAGEMENT Company history YMCA Brunel Group Is a charltable company which started as YMCA Mendipy has been active since 1892, and was incorporated on 25th February 1999. It Is Ilmlted by guarantee and governed by a memorandum and articles of a550Ciatlon. YNCA Mendlp, as It then was, adopted the new model Goveming Documents, recommended by the YMCA Movement, at the AGM held on 17th April 2019. These were subsequently accepted by both Companies House and the Charity Commisslon. YMCA Nendip 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 local ly managed. Dlrertors and Trustees The Trustees, who are also Dlrectors for the purposes of company law, are appolnted in accordance with the Articles of Association. New Trustees are elected to serve on the board of management by majority vote of the existing Trustees full members at the Annual General Meeting. New Trustees follow an induction programme in addition to trai ning provided durlng board meetlngs and at strateglc plannlng / tra ining days. A board of management, consistlng of the Trustees and the Chief Executive, meets four I'lmes a year to administer the charity. There are sub-commlttees covering human resource, remuneratlon and aLJdit. other task and Fin ish groups meet as requi red. The Chief Executive is appoi nted by the Trustees to manage the day-to-day operations of the charity and in turn is supported by a team of senior staff. The Trvstee5 of the charity during the year were.. Mr R Caddick Rev. C Hare - Resigned 15101124 Mrs M Hare - Resigned 15101124 Mr S 14a rrison Mr D Pendle (Chair) Mr P Rose (Treasurer) Ms K Patel Mr R Tidswell appointed 26104/23 Mr A Cook - appointed 04105123 io YMCA BRUNEL GROUP TRUSTEES, REPORT For the year ended 31 March 2024 Arrangements for settlng pay and remuneratlon of key management personnel The charlty's Trustees and the Senior Management Team comprise the key personnel of the charityi i n charge of dlrecting i contmlllngi running and operating the charity On a day-to-day basls. All Trustees give their time freely and no Trustee recelved remuneratlon in the year. Details of Trustees, expenses and related party transactions are dlsclosed In notes 8 & 27 to the account5. The Remuneration Commlttee, compri51ng the Chair, Treasurer and Chalr of the Human Resource Committee, consider the remuneration of the senior staff. They benchmark slmllar roles wlthln the YMCA Federatlon and In other comparable organisations and sÈek to pay competltlve salaries in relation to the scope and Impact of each role. Network and other relationships The Group Is an Independent member of the YMCA Federatlon in England and is afflllated to the National Councll of YMCAS. This gives u5 acce55 to the support and representation provlded by YMCA England. We were an early adopter of the new Natlonal Brand and have benefited from the consistency this brings, both through a better visual Identlty and programme areas being grouped as Supporl & Advlce, Accommodation, Family Work, Health & Wellbeing and Trainlng & Education, albelt that much of our work overlaps two or more areas. We benefit from a close worklng relatlonshlp wlth our neighbouring YMCAS, particularly In the South West. We are free to set our own operating pollcles, but seek to share good practice wherever possible. Risk management As detailed in the Principal Risks and Uncertainties section of the Financial RevSew, the Trustees continLJe to examine the major strategic, business and operatlonal r15ks vihich the charity faces and conflrm that systems are establlshed to ensure that the necessary step5 can be taken to mitigate these rlsks. Compliance wlth Governance and Flnancial Viability Standard The Board has reviewed compliance wlth the standard and confirms that it complies in all material aspects. li YMCA BRUNEL GROUP TRUSTEES, REPORT For the year ended 31 March 2024 STATEMENT OF RESPONSIBILITIES OF THE BOARD The Trustees (who are also Director5 of YMCA Brunel Group for the purposes of company law} are responsible for preparing the Narrative Report (incorporating the directors, report) and the financial statements In accordance with appllcable law and Llnited Kingdom Accounting Standards, includlng Financial Reportlng Standard 102., The Financial Reporting Standard applicable In the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice). Company law requ Ires the Trustees to prepa re flnancla I statements for Éach flnancial year which glve a true and fair view of the state of affairs of the charltable company and of the Income and expenditure, of the tharitable company for that period, In preparing these flnanclal statements, the Trustees are required to: select sultable accounting policles and then apply them consistently; observe the methods and principle5 in the Houslng SORP; make judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures dlsdosed and explalned In the flnanclal statements; and prepare the financlal statements on the golng concern basls, unless St is inappropriate to presume L"hat the charitable compa ny will continue in business. The Trustees are responslble for keeping adequate accounting records that disclose with reasonable accuracy at any tlme the flnanclal posltlon of the charltable company and enable them to ensure that the financial Statements comply with the Companie5 Act 2006. They are also responsible for safeguardlng the assets of the charitable company and hence for taking reasonable steps for the preventlon and detectlon of fraud and other Irregularftles. In so far a5 the Trustees are aware: there Is no relevant audit infomiation 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 information. Slgned on behalf of the trustees Mr D Pendle Trustee 12 YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2024 Opinion We have audited the financial statements of YMCA Brunel Group ('the parent charitable company,) and Its subsidiary ('the gmup,) for the year ended 31 March 2024 which comprise the consolidated statement of comprehensive income, the charity only statement of comprehensive Income, the group and charlty balance sheet, the group and charlty statement of change In reserves, the group and charlty cash flow statements and notes to the financial statements including a summary of significant accounting polices. The financial reportlng framework that has been applled In their preparation is applicable law and United Kingdom Accountlng Standards, including FRS 102 "The Financlal Reporting Standard applicable In the UK and Republlc of Ireland" (United Kingdom Generally Accepted Accountlng Practice). In our opinlon the financial statements: glve a true and farr vlew of the state of the group's and parent charitable company's affairs as at 31 March 2024, and of its incoming resources and appllcation of resources, including its Income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been properly prepared in accordance with the requirements of the Companies Act 2006, the Housing and Regeneratlon Act 2008 and the Accounting Direction for private registered providers of social housing in England 2019. Basis for opinion We conducted our audlt in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our respon5ibillties under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent or the group and the aparent 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 ethlcal responsibilities in accordance wlth these requirements. We believe that the audit evldence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In audlting the financlal statements, we have concluded that the board's use of the golng 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 uncertaintles relating to events or conditions that, Indlvldually or collectively, may cast significant doubt on the group's or the parent chariatble company's ability to continue as a going concern for a period of at least twelve months from when the flnanclal statements are aLJthorised for issue, 13 YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2024 Our responsibilities and the responsibilities of the board with respect to going concern are described in the relevant sections of thls report. Other Information The board is responslble for the other information. The other information comprise5 the Informatlon Included in the Trustees, Report, other than the financial statements and our auditor's report thereon. Our opinion on the flnanclal statements does not cover the other information and we do not express anv form of assurance conclusicin thereon. In connettion with our audlt of the flnanclal statements, our responslbillty Is to read the other information and, in dolng so, Consider whether the other information is materially inconsistent with the financial statements or our knovvledge obtained in Lhe audit or otherwise appears to be materially mlsstated. If we Identlfy such materlal Inconslstencies or apparent materlal misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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. Opinions on other matters prescribed by the Companie5 Act 2006 In our opinion, based on the v40rk undertaken In the course of the audiL: the information glven In the Trustees, Fleport for the financial year for which the financial Statements are prepared is consistent with the financial statements. and the Trustees, Report has been prepaffd In accordance with appllcable legal requlrements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the group and the pa￿nt charitable companv and its environment obtained in the course of the audit, we have not identified material misstatements In the Trustees, Report. We have nothing to report in respect of the following matters where the Companies Att 2006 quires us to report to you if, in Dur opinion.. adequate accountlng records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or the flnanclal statements are not in agreement with the accounting records and returns. or certain disclosures of dlrectors, remuneration specified by law are not made. or we have not re￿iVed all the information and explanations we require for our audit 14 YMCA BRUNEL GROUP INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2024 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: satisfactory system of control over transactlons ha5 not been maintained. Responsibllltles of the board As explained more fully in the board's responsibilltles statement set out on page 13, the board is responslble for the preparation of the financial statements and for belng satlsfied that they glve 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 flnanclal statements, the board is responsible for assessing the group'5 and the parent charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and Ljsing the going con￿rn basls of accounting unless the board either intends to liquidate the group or to cease operations, or have no reallstic alternative but to do so. Auditorfs responsibllities for the audlt of the financial Statements Our objectives are to obtain ￿asOnable assurance about whether the financial statements as a whole are free from material mlsstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will alway5 detect a material misstatement when it exists. Mlsstatements 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. Irregularltles, including fraud, are instances of non-compllance with laws and regulation5. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, Including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, Includlng fraud is detailed below: Enquiry of management and those charged wlth governance about any known or suspected Instances of non compliance wlth laws and regulations and fraud. Reviewing minutes of meeting of those charged with governan￿ any correspondence with the Charity Commission; Reviewing financial statement disclosures and testlng to supportlng documentation to assess compliance with applicable laws and regulations; Performlng analytical procedures to identify any unusual or unexpected relationship that might indicate a risk of material mlsstatement due to fraud; 15 YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2024 Performing audit WDrk over the risk of management override of controls, including testing Journal entries and other adjustments for appropriateness, evaluatlng a range business rationale of significant transactlons outside the course of business and reviewing accounting estimates. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularlties, including those leading to a materlal misstatement in the financlal statements or non-compliance with regulation. Thls risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of Instances of non-compliance. The rlsk Is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omisslon or mlsrepresentation. 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. Thls description forms part of our auditor's report. Use of report This report is made solely to the parent company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and sectlon 137 of the Houslng and Regeneration Att 2008. Our audlt work has been undertaken so that we might state to the company's member5 those matters we are reqLJired to state to thern 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 company and the company's members as a bodyi for cur audit work, for this report, or for the oplnions we have formed. James Gare (Senior Statutory Auditor) For and on behalf of Sumer Auditco Llmlted statutory Auditors Chartered Accountants County Gate County Way Trowbridge BA14 7FJ Date.. i.l-lio........ 16 YMCA BRUNEL GROUP STATEMENT OF COMPREHENSIVE INCOME - GROUP For the year ended 31 March 2024 Notes 2024 2023 Turnover 7,965,614 6,849,941 Operating expenditure (7,719,090) (6,735,412) Operatlng surplus 246,524 114,529 Interest receivable and slmllar income 85,210 42,819 Interest payable and similar charges (85,642) (63,174) Surplus on ordlnary actlvlties for the year before tax 246,092 94,174 Taxation Surplus for the year after tax and total cornprehensive income 246 092 On behalf of the Board D Pendle (Chair) R Tidswell (Trustee) Date: YMCA BRUNEL GROUP- Charlty Only STATEMENT OF COMPREHENSIVE INCOME - CHARITY For the year ended 31 March 2024 Notes 2024 2023 Turnover 6,955,950 6,327,549 Operating expenditu (6,743,756) (6,211,918) Operatlng surplus 212,194 115,631 Interest receivable and slmllar income 85,210 42,819 Interest payable and similar charges {85,642) (61,307) Surplus on ordinary activities for the year before tax 211.762 97,143 Taxatlon Surplus for the year after tax and total comprehenslve Income 211 762 On behalf of the Board D Pendle (Chalr) R Tldswell (Trustee) Date: 18 YMCA BRUNEL GROUP- Company number 03719773 BALANCE SHEET- GROUP As at 31 March 2024 Notes 2024 2023 FIXED ASSETS Social housing properties Other tanglble flxed assets Investments io li 13 2,484,780 4,509,947 364,360 7,359,087 2,505,554 4,595, 040 332,4S7 7,433,081 CURRENT ASSErs Debtors Cash at bank and in hand 14 240,270 1 239 561 1,479,831 353,439 642.835 996,274 CREDITORS: amounts falllng due withln one year 15 (1,394,265) (965,860) NET CURRENT ASSETS 85,566 30,414 TOTAL AS5Efs LESS CURRENT LIABILITIES 7,444,653 7,463,495 CREDITORS: amounts falling due after one year 16 (3,964,290) (4,229,224) NET ASSETS 3.480.363 3,234,271 RESERVES Income and expenditure reserve Restricted funds 21 22 3,232,732 247,631 3,001,177 233,094 TOTAL RESERVES 3,480,363 3,234,271 These financial statements have been prepared in accordance wlth the special provlslons of Part 15 of the Companles Act 2006 relating to charitable small companies. The financial statements were approved and authorised for issue by the Board on and signed on their be D Pendle (Chair) R Tidswell (Trustee) 19 YMCA BRUNEL GROUP - Company number 03719773 BALANCE SHEET - CHARITY As at 31 March 2024 Notes 2024 2023 FIXED ASSETS Social housing properties Other tanglble fixed assets Investments io 12 13 2,484,780 4,486,359 364,460 7,335.599 2,505, 554 4,564,291 332, 587 7,402,432 CURRENT ASSETS Debtors Cash at bank and In hand 14 383,418 1,003,546 1,386,964 358,065 483,075 841,140 CREDITORS: amounts falling due withln one year 15 (1,323,710) (802,447) NET CURRENT ASSETS 63.254 38,693 TOTAL ASSETS LESS CURRENT LIABXUTIES 7,398,853 7,441,125 CREDITORS: amounts falling due after one year 16 (3,952,821) (4,206,855) NET ASSETS 3.446,032 3,234,270 RESERVES Income and expenditure reserve RestricLed funds 20 22 3,198,401 247,631 3,001,176 233, 094 TOTAL RESERVES 3,446.032 3,234,270 These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable srnall companles. The financial statements were approved and authorised for issue by the Board on 30 and slgned on their behalf by.. D Pendle (Chair) R Tidswell (Trustee) 20 YMCA BRUNEL GROUP STATEMENT OF CHANGE IN RESERVES- GROUP For the year ended 31 March 2024 Restricted reservo Unrestricted Reserve Total At l April 2022 217,710 2.922.387 3,140,097 Surplus for the year after transfers 15,384 78,790 94,174 At 31 March 2023 and l April 2023 233,094 3,001,177 3.234,271 Surplus / (Deflclt) for the year after transfers 14,537 231.555 246.092 At 31 March 2024 247,631 3 232 732 3,480,363 21 YMCA BRUNEL GROUP STATEMENT OF CHANGE IN RESERVES- CHARITY For the year ended 31 March 2024 Restrlcted reserve Unrestrlcted Reserve Total At a April 2022 217,710 2,919,418 3,137,128 Surplus for the year after transfers 15,384 81,759 97,143 At 31 March 2023 and l April 2023 233.094 3,001,177 3,234,271 SLFrplus / ( Deficit) for the year after transfers 14.537 197.224 211,761 At 31 March 2024 247 631 3,198 401 3,446,032 YMCA BRUNEL GROUP STATEMENT OF CASH FLOWS - GROUP For the year ended 31 March 2024 Note 2024 2023 Cash flow from operating activities 23 935 300 248 779 Cash flow from Investing activities Payments to acquire social housing property Payments to acquire tangible fixed assets Interest payable Interest received and slmllar Income Net cash used in Investing activities io 11 (20.908) (132.548) (85,642) (128,964) (63, 174) {185.761 144 127 Cash flow from financing activities Payments towards penslon liabillty New loans re￿iVed in the year Repayment of loan capiLal (31,764) (31, 764) 121,049 (152.813) (156,180 187,944 Change In cash and cash equivalents in the year 596,726 (83,292) Cash and cash equivalents at l April 2023 642.835 726,127 Cash and cash equivalents at 31 March 2024 1 239 561 642,835 Cash and cash equlvalents conslsts of: Cash at bank and in hand Cash and cash equivalents at 31 March 2024 1 239 561 YMCA BRUNEL GROUP rATEMENT OF CASH FLOWS- CHARITY For the year ended 31 March 2024 Note 2024 2023 Cash flow from operatlng activities 23 351,204 179, 754 Cash flow from investing activities Payments to acquire social housing property Payments to acquire tangible fixed assets Interest payable Interest recelved and similar income Net cash used In investing activities io 12 (20,908) (128,769) (85,642) 53,337 181 982 (142,925) (61,307) 48,011 156 221) Cash flow from flnanclng actlvltles Payments towards pension liability New loans received in the year Repayment of loan capital (31,764) (31,764) 147 399 (179,163) 147,399 (179, 163) Change in cash and cash equivalents in the year (9,941) (155,630) Cash and cash equivalents at l April 2023 483,075 638, 705 Cash and cash eqLJivalents at 31 March 2024 473 134 483 075 Cash and cash equivalents consists of: Cash at bank and in hand Cash and cash equivalents at 31 March 2024 1,003,546 483,075 24 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 ACCOUNTING POLICIES General inftirmation and basis of preparatlon of financlal statements YMCA Bmnel Group Is a charitable company and a prlvate registered provider of social housing in the United Klngdom, The address of the Cornpany is given in the reference and administratlve details on page l of these flnancial statements and the nature of the Company's operatlons and princlpal actlvltles are pmvided within the Trustees, Report. YMCA Brunel Group constitutes a public benefit entity as deffined by the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102). The financial statements have been prepared in accordance with applicable accounting standards Includlng Financlal Reporting Standard 102, The Financial Reportlng Standard Applicable in the UK and Republic of Ireland (FRS 102), the Statement of Recomrnended Practice for Social Housing Providers 2018 (SORP), and with the Accounting Dlrection for private registered providers of social housing in England 2022. The financial statements are also prepared under the requirements of the Housing and Regeneration Act 2008, the Companles Act 2006 and the Charltles Act 2011. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certaln Items at fair value. The financial statements are prepared in sterling, which is the functional currency of the organisation and rounded to the nearest pound. The signlficant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Group flnanclal statements These group financlal statements consolidate the results of the charlty and its wholly-owned subsidiary Tria-Aktiv (UK) Limited, both of which make up their financial statements to 31 March. A separate statement of financial activities, or income and expendlture account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by Sectlon 408 of the Companies Act 2006. Tangible fixed assets Tangible flxed assets (including social housing properties) are stated at cost (or deemed cost). Cost includes costs dlrectly attributable to maklng the asset capable of operating as Intended such as the cost of acquiring land and buildings, developments costs, interest charges on loans during the development period and expenditure on Improvements. Expenditure on improvements will only be capitalised when it results in incremental future benefits such as Increasing 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 valuation less accumulated depreciation and accumulated impalrment losses, Cost Includes costs directly attributable to making the asset capable of operating as intended. 25 YNCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 Assets costing less than £1,000 are not capitali5ed. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estlmated resldual value, of each asset on a systematlc basls over its expected useful life as follows: Freehold land Freehold Property Improvements Non-housing freehold buildings Leasehold Property Leasehold Property Irnprovernents Equipment Fixtures and fittings Not Depreciated Over 10 years Over 50 years Over the term of the lease Over 10 years Over 3-5 years Over 10 years Plousing properties are divided into the major components and charged éepreciatlDn, so as to write-down the cost of each component to Its estiinated resldual value, on a straight line basis, over its estimated useful economic life. The company depreciates the major components of its houslng properties at the following annual rates. Land Maln fabrlc Roof structure