Yn¢A YMCA BRUNEL GROUP & SUBSIDIARY (FORMERLY MENDIP YOUNG MEN'S CHRISTIAN ASSOCIATION) (Regulator of Soclal Housing reglstration: 487 1 Company Number: 03719773 Registered Charity Number: 1074660) REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 YMCA BRUNEL GROUP REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2025 CONTENTS Page Reference and administrative details Trustees, report 2-12 Independent auditors, report 13-16 Statement of comprehensive Income - Group 17 statement of comprehensive income - Charity 18 Balance sheet - Group 19 Balance sheet - Charity 20 Statement of change In reserves - Group 21 Statement of change in reserves - Charity 22 Statement of cash flows - Group 23 statement of cash flows - Charltv 24 Notes to the financial statements 25-45 YMCA BRUNEL GROUP REFERENCE AND ADMINISTRATIVE DETAILS For the year ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Trustees Mr R Caddlck Mr S Harri50n Mr D Pendle (Chai r) Mr P Rose - Resigned 01104124 Ms K Oldall Mr R Tidswell Mr A Cook Ms L Atkin Appolnted 23110124 Rev S Thompson - Appolnted 30111/24 Secretary Mr M Fairbeard Chlef Executlve Mr M Falrbeard Senlor Management Team Mr M Fairbeard Chief Executive Ms J Honeywell Dlrector, Chlldren'5 Services Ms P Fairbeard Director, Strategy & CommLJnlcatlons Mr D Bowler General Manager, The Brlstol Wlng Mr M Wilcox Director, Youth & Communlty Ms S Montagne Head of People Management Mr J Marshall Dlrector, Flnance Ms M Klng Dlrettor, Housing Bath Ms M Bulman Head of Supported Housing Somerset Mr S Burgess Head of Health & Wellbeing Mr F Druitt Head of Faclllties & Compliance Reglstered Company Number 3719773 Registered Charlty Number 1074660 Regulator of Social Housing Number 4871 Registered Off Ice International House Broad Street Place Bath BAI 5LH Audltors SumerAudlt Co Monahans, County Gate, County Way, Trowbridge, BA14 7FJ Solicitors Tozer5 Sollcltors LLP, Broadwalk House, Southernhay West, Exeter EXI IUA Bankers Natlonal Westminster Bank, 24-25 Stall Street, Bath BAI IQF YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2025 The Trustees are pleased to present the flnanclal statements for the year ended 31 March 2024 and confirm that they comply wlth Unlted Kingdom Generally Accepted Accounting Practlce (UK GAAP), inclLidlng FRS 102 'The Flnanclal Reporting Standard appllcable In the UK and RepublSc of Ireland. OUR OBJECTJVES The objects of the group arlse from its acceptance of the Basis of Union of the Young Men's Chrlstlan Associatlons of England, Ireland and Wales adopted by the Brltlsh Young Nen's Christian Assoclatlon Assembly held in Birmingham In the year 1973, that Is to say: 'The Young Men's Christian Assoclations seek to unite those who, regardlng Jesus Christ as thelr God and Saviour accordlng to the Holy Scrlptures, deslre to be Hi5 Dlsciples in their faith and in thelr Ilfe, and to associate their efforts for the extenslon of His Klngdom. Any difference of opinlon on other subjects, however important in themselves, shall not Interfere with the harmonlous relations of the Assoclatlons of the Young Men's Chrlstlan Association Movement in England, Ireland and Wales.. Accordingly the objects of the assoclatlon are: (a) To unite those who, regarding Jesus Chrlst as thelr God and Saviour accordlng to the Holy Scriptures, desire to be HIS disclples In their faith and I n their Ilfe, and to associate thelr efforts for the extenslon of his Klngdom. (b) To lead young people to the Lord Jesus Chrlst and to fullness of Ilfe In HIM. (c) To provlde or asslst In the provisiori in the interests of soaal welfare of facllitie5 for recreation and other leisure lime occupation for men and women wlth the object of improving their condition5 of life. (d) To provide or assist in the provision of education for persons of all ages with the object of developing their physical, mental or spiritual capacltles. (e) To rellevo or asslst In the rellef of persons of all ages who are in conditlons of need, hardship or distress by reason of their sociali physical or economlc CIrcumstan￿S. (f) To provlde resldential accommodatlon for persons of all age5 who are in need, hardship or dlstress by reason of thelr soclal, physical or economic circumstances. In shaplng the objective5 for the year and plannlng activltles the Trustees have considered the Charity Comm15slon5 guidance on publlc benefit. AIMS YMCAS In England are autonomous charities who afflllate to YMCA England. Thelr core purpose Is to meet the dlverse needs of young people regardless of gender, age, race, ablllty or falth, The YMCA as a movement works wlth young people, famllies and the wlder community by providlng a range of high-quality programmes that support and develop them In mind, body and spirit, YMCA Bru nel Group seeks to achieve this, both wlthin the charity work and through ILS subsldlary tradlng company Tria-Aktlv (UK) Ltd. The main focus of the charity is the personal development of Indivlduals by creatlng pathways that allow Indlvlduals to access health and wellbeing activities, supported and move on accommodatlon, low cost chlldcare, and youth and communlty clubs and projects. This is all achieved withln a Christian ethos where our values and Integrlty are central to the work and meet the objects stated YMCA BRUNEL GROUP TRUSTEES, REPORT For the year ended 31 March 2025 above (a, b, c, d, e and f), The Trustees confirm that they have due regard to the Charity Commlsslon'5 general guidance on Publlc Benefit, 'Charitles and Public Benefit.. Vision statement: Our vlsion is to Insplre and enable transformative change In Ilves and communltles, creating future where potentlal Is reallsed, and no one Is left behind. Mlsslon I core purpose: We go above and beyond to deliver exceptional services in houslng, chlldren & youth provision and wellbeing, so everyone can flourlsh, Values.. We are klnd we treat everyone with empathyi respect and compasslon. As kind individuals we prioritise the well belng of others, offering support and understandlng In every Interaction, We believe that kindness strengthens our commun ity and create5 a positive, Incluslve envlronment where everyone can belong and thrlve. We are curious - we embrace a mlndset of Ilfelong learning and exploration. As curlous Individua15, we ask questions, seek new per5pectlves, and are open to discovering Innovative solutlons. We are driven by a desire to understand, grow, and continually improve both personally and as an organlsatlon. We are custodians - We care deeply for the legacy and future of our YMCA and the transformatlve work we do. A5 CUStodian5, we take pride In protectlng and nurturing our a55ets and our communityi ensurlng our mlsslon thrives for generations to come. We are active stewards of the planet, making thoughtful cholces that contribule to a sustainable future. Through our actions, we honour the trust placed in us to create lastlng posltive change and safeguard the world we all share. We are wavemakers - we are bold, Innovatlve and unafraid to challenge the status quo. As wavemakers, we actively treate positive change and alm to Insplre others. We toke initiative, drive progress, and make a meanlngful Impact on our communlty and beyond. We are genuine - we are honest, transparent, and true to our word. As Genulne Individuals. we act with Integrlty and authenticltyi building trust and fosterlng meanlngful connection5. We stay true to our mlsslon and values, ensuring that our acbons consistently reflect who we are and what we stand for. OUR ACTIVITIES YMCA Brunel Group provides a range of servlces for people and communities In responsè to their needs, with the emphasls on supported housing and homelessness, youth and communlties, chlldren's servlce5 and nurseries and health & wellbeing. MEASURES USED TO ASSESS OUTCOMES AND SUCCESS The charlty seeks to measure outcomes and success In all aspects of Its work. The approach Is tallored to the specific actlvity but includes the number of partlclpants, approval rating Chostel), move-on data (supported houslng), Family outcome tracking (Childcare), member Journey software (health & wellbelng} In addltlon to reporting budgetary and financial outcomes. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2025 We seek to collect storles from Indlvlduals who have been positlvely affected by our work and we Share these where possible. We respond promptly and revlew learning when there are complalnts or negative experience5, SAFEGUARDING STATEMENT 'The YMCA'S vision Is of an Inclusive Christian movement, transformlng communities so that all young people truly belong, contribute and thrlve. YMCA Brunel Group aims to create and malntaln a safe and secure environment for all staff, trustees, volunteers, residents and visitors to our facilltles. In partlcular the Assoclatlon Is fully committed to safeguarding all chlldren, young people and vulnerable adults that come into contact wlth our work. We believe that all childreni young people and vulnerable adults have an absolute right to protection from abuse, regardless of their age, race, religion, abilityi gender, language, background or sexual identity and conslder thelr welfare Is parnmount. We wlll: Take every reasonable step to ensure that children, young people and vulnerable adults are protected where our staff, trustees, volunteer5 and all associates are involved In the dellvery of our work. Enable all our staff and those who work wlth us to make Informed and confident risk-based declslons regardlng safeguarding. Respond appropriately to any allegation, report or Suspicion of abuse. INFORMATION OF FUNDRAISING PRACTICES YMCA Brunel Group generates most of Its funds through contract5, subscriptions, grants and donations, plus the commerclal actlvltles of Its trading subsldlary. Our Marketing team help ralse awareness Df our work, manage events and coordlnate all fundralslng Inltlatlves such as applications for grants, trusts or funds. As YMCA Brunel Group does not currently run any fundralslng campaigns, Other than acceptlng donations, we do not currently subscrlbe to any fundralsing regulatlon schemes. YMCA Brunel Group has not recelved any cornplaints about Its fundrai51ng actlvltles, and other than via its website, does not actlvely pursue funds frorn the general public. YMCA B l Envlronmen On 1st Aprll 2020, YMCA Mendlp and YMCA Bath Group merged to form a new entity - YMCA Brunel Group, Currently[ the economic and politlcal envlronment In whlch we operate is turbulent. The UK is faclng ongoing financial challenges arlslng from the Brexlt transltlon, the war between Russia and Ukraine and polltlcal changes happening across the world. These factors have contrlbuted to rislng overhead and salary cost5, whlch are expected to continue increasing for the foreseeable future. Additlonallyf the labour market Is stretched, maklng It Increasingly difficult to fill vacancles, especially in our Housing and Childcare projects, however more recently we have witnessed some Improvements In recrultment and are investing in staff retentlon schemes to help keep them. YMCA BRUNEL GROUP TRUSTEES, REPORT For the year ended 31 March 2025 OUR ACTIVITIES The actlvltles of YMCA Brunel Group can be broken down Into 4 core areas: Houslng & Support, Chlldren's Servlces, Youth and Community Servlces and Health and Wellbeing Services. HOUSING AND SUPPORT SERVICES 16 - 25 year olds We currently house and support 95 cllents at any one tlme, across South and East Somerset, aged 16 - 25 year5. This is part of the Thrlve 16+ contract, commissioned by Somerset Councll, and has been implemented since Aprll 2024. Prevlous to this we operated the Pathways to Independence Servlce for the Councll and we took part in the recommlssionlng of the servlce durlng 2023, in which we were successful, We provide high-quallty support to all young people in our projects, ensuring they are always at the centre of our efforts. Each indlvldual is treated with respect and given a unSque, personalised plan through the Thrive 16+ programme. Our support Includes guldance, dvocacyi actlvltles, and life skills training, We have a high success rate In helplng cllents transltlon Into education, tralnlngi employment, and ultimately Independent Ilvlng. Adult and Homeless Servlces We provide a supported houslng 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 living. The support we offer is partly funded by Somerset Councll. The Tenancy Accreditation Scheme also assists with setting up and malntalning a tenancy and includes a modular life skllls programme to help reduce repeat homelessness. Our Deposit Scheme is adminlstered on behalf of the Council and provldes deposlts to landlords for anyone aged 18+ who Is In receipt of beneflts or on a Icw income. Platform 4 Life A5 part of our work wlth vulnerable young people we worked with B&NES councll to secure funding to Implement th15 projert. We have four 4 bedroomed houses (2 In Bath and 2 in Keynsham) and these homes are allocated to young people In educatlon or employment. They each have thelr own room and share facilities in the house. It is a great stepping stone to independent Ilvlng and we have a support worker who helps all the residents settle in, become more Independent and ultlmately move on to Icnger term accommodation. The projects are supported with a dedicated worker across all projects, who holds regular house meetlngs, and sUPPOrts clients on site and remotely, This project is targeted towards young people aged 18 - 25 years. Bath Hostel Supported Living Scheme A slgnlflcant part of our work involves supportlng disadvantaged indlvlduals Sn need of a safe, temporary place to stay. We allocate approxlmately14 hostel rooms in Bath speclfically for thls purpose and utllise additlonal bed spaces when available, Our goal Is to provlde supported temporary accommodatlon for those facing homelessness, offering low-level support aimed at helplng them secure more permanent houslng and regaln stability in their lives. Support Is on hand to help these people back Into Indopendent livlng. Nlght Stop/ Day Stop Our lottery-funded scheme supports vulnerable young people (18-25 years old) who suddenly flnd themselves homeless by placlng thern with host families. Meanwhile, our support worker asslst5 them findlng long-term houslng solutions. During the dayf these young people can access support and guldance through our Day Stop service at our maln hostel in Bath, We provlde emergency accommodation for durations ranging frorn a couple of days to a few weeks. The YMCA offers a safe envlronment with staff available 24 hour5 a dayi giving agencles tlme to secure supported lodgings or mediate with families to facilitate a return home, The Day Stop servlce in Bath offer5 support, guldance, and advlce tc young people both wlthln and outslde our housing projects. It provides a frlendly ear, refreshments, IT access, and a safe space d uring office hours. Our houslng team In Bath collaborates with other agencles to deliver a holistic support system for the young people using our services, includlng Nlghtstop. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2025 FAMILY WORK & CHILDRENS SERVICES Preschool educatlon through nursery provision Our children's program5 coritinue to evolve and thrive, wlth elght nurseries and preschools operatlng across Wiltshire, offering over 300 place5, These facil Itles are supported by a team of enthuslastic and carlng staff members dedicated to provlding hlgh-quallty care, Our staff are commltted to: Recognlslng each chlld as unlque and planning for thelr Indlvidual interests and developmental Stages. Provldlng stlmulatlngi safe, and Innovative envlronments both indoors a nd outdoors. Offerlng quality care that meets the dlverse needs of chlldren and thelr famllles. Developlng trustlng and supportive partnerships between home and the nursery. Encouraglng social and emotional development as a foundation for life. We have adopted 'Famlly,' an electronlc method of assesslng younger chlldren uslng IPads. This allows parents to upload family events, comment on, and enjoy thelr chlld's day at nursery. Recruitment remains a national challenge, however the improvements to government fundlng are havl ng a posltlve Impact and have allowed us to review salaries. We are optimistic about the future of our chlldcare servlces and hope to develop them further over coming years. YOUTH AND COMMUNITY SERVICES Youth Groups Our work with young people welcomes anyone aged between 10 and 19 years (up to 25 years old wlth Special Educational Needs). some of these young people can be vulnerable and l or have additional needs. We provlde safe environments where every young person's view is considered. We ensure continued engagement and participation In planned programme of posltive activlties and Issue-based work. relevant to the needs and development of individuals and peer group5. All of our actlvStles are deslgrbed to develop soclal and Ilfe skllls. i ncrease confidence and resilience. and help young people move away from any harmful behaviours. Our youth club programmes are delivered through non-formal educational actlvities which comblne enjoyment, challenge and leaming. These are designed to guide young people to think for themselves, make healthy cholces, Improve their emotlonal health and wel Ibeingi build life skills as well as develop thelr own indivldual characters whllst galnlng a better understandlng of the world they live in, We are based In Frome, Coleford, Glastonbury Windmlll & Redbrlck, Shepton Mallet, street, Mil(Drd, Wells, Westfield & Wyndham In Yeovil. Somerset Councll pay for us to dellver specific youth clubs for young carer5. Whilst we operate from a variety of physical locations, we also dellver detached youth work targetlng harder to reach young people. Funding for our Youth work comes from a varlety of sources. We are In the process of completlng some major work at our main youth centre In Frome as a result of YIF capltal fundlng. We have strong Ilnks and some financlal support from all of the Town and Parlsh Counclls where our youth work takes place and we endeavour to deliver our servlces In keeping with needs of young people and their communlties. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2025 HEALTH & WELLBEING Our Health & Wellbelng centre in Bath offers a fully equipped & spacious gym, a longslde a large studlo for classes, We also access a second studio space cal led the Dojo that is local (5 mlnutes) from our main 51te, for some of our yoga classes as It offers a quleter settlng. Membershlp is avallable at a fully Incluslve monthly rate and also at a day rate, Thls glves unllmited acce55 to the gym, classes and 1-2- 1 support from our professlonal trainer5. Classes are varled but Include: HIIT, clrcults, Indoor cycllngi body pumpi yoga, Pilates and Zumba. Some classes are avallable on- line. The centre prldes itself on belng there for the community and to that end works viith our own resldents, other charltles and offers two free (or donatlon based) yoga classes every week as well as an add Itlonal free yoga class for mental health who we work with Sport In Mlnd wlth to dellver, Membershlp number5 are currently averaging 850+ members. Therè has again been an increase in competition with more budget gyms openlng locally as well as more dedicated yoga and fitness spaces openlng close by. Desplte thls, numbers are growing and feedback is good. We have also invested In refurblshlng the gym and main Studio as well a5 purchaslng some new cardlo equipment - all of which have been well recelved by our members. In the last few years, we have also started to dellver level 2 Gym Instructor teacher training courses that are provlng popular. PUBLIC BENEFIT The board has consldered the general guidance on public benefit issued by the Charlty Commlssion, has taken d ue regard of that g uidance and 15 satisfied that the charlty's actlvltles do provlde wlder public benefit. FINANCIAL REVIEW Thls financlal year endlng 31st March 2025 ha5, as antlclpated, been a challenging period. We are stlll feeling the after effects of the Coronavlrus Pandemic and are also having to deal with the ongolng onsequences of Brexit and the war between Russia & Ukralne. Recrultment remain5 dlfflcult and Increasing inflation rates have led to continual rlses In energy and overhead costs. For the year ended 31st March 2025 a surplus for the year after tax and total comprehenslve Income of £213,760 has been recorded, compared to a surplus of £246,092 In the prevlous year. This year has been very much one of consolidation and we have endeavoured to concentrate on Improvlng our exlsting servlces as well as trying to maximlse the surplus generated by our tradlng company (Tria Aktiv (UK) Ltd). Both The Bristol Wing and The Bath Commercial Hostel have had successful years, with Tria Aktiv generatlng a surplus of £293,963. Thls surplus is transferred to YMCA Brunel Group vla Glft Aid. It should also be noted that future booklngs are Strong for the year starting Aprll 2025. YMCA Brunel Group recognises possible concern relatlng to its partlclpatlon In a deflned benefit penslon schemÈ. Approprlate action has been taken: The scheme was closed to new members In 2007, and the Ilnk to flnal salary broken In 2011. Addltlonal contributions contlnue to be made to reduce the deficlt. As part of the YMCA federation, the multl-employer penslon scheme Is run by an independent Trustee board with employer representatlon through the Prlnclpal Employer, Natlonal Council of YMCAS. The pension scheme Trustee obtalns an actuarlal valuatlon every three years and we have consldered the implications to the charity's finances from the latest available actuarlal valuatlcn. We have reviewed the charity's ability to continue to dellver Its charltable objectlves by ensuring budgets, forecasts and plans are available and Include the Impact of deflclt repayments. We have included the impact of penslon scheme deflcit repayments In considering going concern status, reserves, and the rlsks and uncertalntles that the charity face noted elsewhere In thls Report. YMCA Brunel Group beneflts from the pension scheme Trustee and the Princlpal Employer seeking suitable speclalist professlon advlce both to manage the scheme and In the continuing effort to explore ways of reducing the overall penslon deficit. The notes to the Accounts include an accountlng YMCA BRUNEL GROUP TRUSTEES" REPORT For the year ended 31 March 2025 pollcy and further detalls In note 26. Value for Money Value for Money 15 integral to our approach to budgeting and business planning. Financial sustalnablllty through the dellvery of Value for Money to our stakeholders Is central to ensurlng that we athlove our mlssion and all our strateglc obJectlves. We reg ularly revlew, report and monltor our outcomes with our stakeholders through various reporting mechanlsms and as demonstrated in the activities section of the report. We Include the followlng metrlcs speclflcally deslgned for soclal houslng.. Reinvestment: 00/0 New supply (Soclal Houslng unlts).. Owo New supply (Non-soclal houslng unlts).. O % Gearing: 15.69 % E8tfDA MRI Interest Cover: 589 Headline Social Housing Cost: £13,438 Operatlng Margln (soclal houslng lettlngs),. _3.4401tr Operatlng Margln (overall),, 2.06010 Return On Capital Employed,, 2.85% Principal risks and uncertainties YMCA Brunel Group has developed a full and thorough pollcy for rlsk management for the organisatlon. The aim 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 ongolng basls. For each of the followlng areas a rlsk assessment has been undertaken, to identify the maln areas of risk which could affect the organisation, Governance Operatlons FInan￿S Environmental or external factors (such as public opinion or relationship with funders) The charlty's compllance wlth law or regulatlon YMCA Brunel Group acknowledges that the responsibility for the management and control of the organisation lies with the trustee body. The Board of Management has therefore developed a policy to ensure that each department Is equipped wlth the resources to carry out all the necessary tasks whlch can then be revlewed by the Board of Management. A standard procedure to Identlfy and asse55 risk, eval uate action required and ensure consistent monltoring of the rlsk has been developed whlch can be applied to all areas of work. The maln areas of rlsk Identifled are., Signlficant reduction in income from contracts/ funders Major damage to reputation through serlous error In an area of work Change In fundlng, e.g. Housing Benefit or Local Authorlty Contracts, causlng reductlon In Income The trustees understand these risks and feel they are mltlgated by the varlous sources of secure Income avallable to the charity. We have robust Systems that monltor dally sales In al l areas of our charitable operatlons. We look at future trends ond 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 Natlonal and Local Houslng fundlng and have stress tested our budgets to reflect these posslbllltles and are satlsfled that the charltable outcomes In each case can be achieved 5U5tainably. YMCA BRUNEL GROUP TRUSTEES, REPORT For the year ended 31 March 2025 PLANS FOR THE FUTURE The Trustees, plan 15 to continue developing our work In Ilne wlth our strateglc goals. For 2025126, our focus wlll be to ensure that YMCA Brunel Group is fit for purpose and commercially viable as we navlgate the current economlc and politlcal envlronment, This includes,. Embed the Thrlve 16+ project and dellver fully against the commlssloned agreement. Develop addltlonal housing projects for vulnerable adults. Invest in and grow our health & wellbelng project. Develop and invest In our children's services. Expand our youth work across more communltles Investlng In our commercial hostels to surpass customer expectations and build ratlngs, Custom and income. Invest In all our staff through professlonal development opportunities and robust support systems. Invest in our central servlces to ensure we have the rlght staff in the right jobs as we plan our future. Continue a comprehenslve revlew of our strategic plan over the comlng 12 months, involvlng trustees and staff In the process. Throug h networkingi partnerships, and strateglc planni ngi we alm to grow our iole in the communities we serve, ensurlng that we contlnue to meet the evolving needs of those we 5UPPOrt. By i nvesting in our staff and Infrastructure, we are committed to building a reslllent and sustalnable future for YMCA Brunel Group RESERVES POLICY Jntroductlon The Trustees have considered carefully the level of free reserves that should be maintalned to safeguard the obllgatlons under our contracts and the needs of all the beneflclaries or users of YMCA Brunel Group. In any clrcumstances, the charlty must also have sufflclent funds avallable to act as a responslble employer to all starr membors. The charlty ha5 d Iverse and relatively secure Income streams across 29 separate locations, We mai ntain a comprehensive range of Insurances Includlng Business Interruption cover of In excess of £5,000,000 over any 24-month perlod. It has been agreed that the following factors need to be taken Into consideratlon in fixing the level of reserves. The costs of completlng any outstandlng contracts. Any Ilabllltles under property or other leases, or extended credlt agreements. Any responsibi lilies for malntenance under property leases. Sufficient funds avallable for Trustees to be able to take advantage of changes or opportunlties that may arlse. Cash-flow/surplus generated, or forecast from YMCA Brunel Group's on-going operation. The rnajority of our assets are in elther freehold or leasehold buildi ngs, but some could potentlally be sold if required, We have a good relationshlp wlth our bank and would expect a further borrowlng facility to be available If req ulred Bearing in mlnd the conslderatlons given above, It has been resolved that there should be a target of unallocated free reserves In the range of £300,OOQ £350,000. As at 31st March 2025, the total funds held were £3,694,123 of which £172,224 was represented by restricted funds. These funds are wholly represented by properties that we own, however we do hold £1,035,454 at bank and In cash as at 31st Narch 2025. YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 3 1 March 2025 Therefore, aSthough we currently have no free reserves, we do hold enough cash on hand to cover 2 months, worth of salary costs. Thls wlll continue to be monitored by the Trustees on a quarterly basls. STRUCTURE, GOVERNANCE AND MANAGEMENT Company history YMCA Brunel Group is a charitable company whlch started as YMCA Mendlp, has been attlve slnce 1892, and was Incorporated on 25th February 1999. It Is Ilmlted by guarantee and govemed by a memorandum and artlcles of assoclatlon. YMCA Mendipi as it then was, adopted the new model Governlng Documents, recommended by the YMCA Movement, at the AGM held on 17th April 2019, These were subsequently a￿pted by both Companles House and the Charity Cotnmission. YMCA Mendip was renamed as YMCA Brunel Group when the merger with YMCA Bath Gruup occurred in 2020, YMCA 8runel Group Is part of the worldwide movernent of YMCAS, although it is an autonomous charityi separately funded and locally managed. io YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2025 Directors and Trustees The Trustees, who are also Dlrectors for the purposes of company law, are appointed in accordance wlth the Artlcles of Assoclatlon, New Trustees are elected to serve on the board of management by majorlty vote of the existing Trustees full members at the Annual General Meeting. New Trustees follow an Indurtion programme In addltlon to training provided durlng board meetlngs and at strategic plannlng I trainlng days, A board of management, conslstlng of the Trustees and the Chief Executlve, meets four times a year to admlnlster the charlty. There are sub-committees coverlng human resource, remuneration and audlt, Other task and finlsh groups meet as requlred, The Chlef Executlve Is appointed by the Trustees to manage the day-to-day operations of the charity and in turn Is supported by a tearn of senlor staff. The Trustees of the charity during the year were.. Mr R Caddick Mr S Harrlson Mr D Pendle (Chair) Mr P Rose - Resigned 01/04/24 Ms K Oldall Nr R Tldswell Mr A Cook M5 L Atkin Appointed 23110124 Rev S Thompson Appointed 30111124 Arrangements for settlng pay and remuneration of key management personnel The charlty's Trustees and the Senior Management Team comprlse the key personnel of the charlty, in charge of directing, controlllng, running and operating the charity on a day-to-day basls. All Trustees give their time freely and no Trustee received remuneration In the year. Detalls of Trustees. expenses and related party transactions are disclosed In notes 8 & 27 to the accounts. The Remuneration Committee, comprlslng the Chalr, Treasurer and Chair of the Human Resource Committee, consider the remuneratlon of the senior staff. They benchmark slmllar roles wlthin the YMCA Federatlon arld in other comparable organisations and seek to pay competltlve salarie5 in relatlon to the scope and impact of each role. Network and other relationshlps The Group Is an Independent member of the YMCA Federatlon In England and Is affiliated to the Natlonal Councll of YMCAS. This gives us access to the support and representation provlded by YMCA England. We were an early adopter of the new National Brand and have benefited from the con51Stency thls brlng5, both through a better visual Identity and programme areas being grouped as Support & Advlce, Accommodatlon, Famlly Work, Health & Wellbelng and Training & Education, albelt that much of our work overlaps two or more areas, We beneflt from a close worklng relatlonship with our neighbourlng YMCAS, partlcularly in the South West, We are free to set our own operating policies, but seek to share good practlce wherever posslble. li YMCA BRUNEL GROUP TRUSTEES. REPORT For the year ended 31 March 2025 Risk management As detalled sn the Prlncipal Rlsks and Uncertainties section of the Finandal Revlew, the Trustees conti nue to examine the major strateg Ic, buslness and operatlonal rlsks which the charity faces and confirm that systems are established to ensure that the necessary steps can be taken to mitigate these rlsks. Compllance wlth Governance and Flnancial Viablllty Standard The Board ha5 reviewed compllance wlth the standard and conflrms that It complles In all material aspects. STATEMENT OF RESPONSIBILITIES OF THE BOARD The Trustees (who are also Directors of YMCA Brunel Group for the purposes of company law) are responslble for preparlng the Narrative Report (incorporating the dlrectors, report) and the flnandal statements in accordance wlth appllcable law and United Kingdom Accounting Standards, Includlng Financial Reportlng Standard 102: The Flnanclal Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accountlng Practlce). Company law requlres the Trustees to prepare financial statements for each flnanclal year which glve a true and falr vlew of the state of affalrs Of the charitable company and of the income and expenditure, of the charitable com pany for that perlod. In preparing these financial statements, the Trustees are required to: selert suitable accountlng pollcles and then apply them consistentlyp observe the methods and prlnciples In the Housing SORP. make judgments and accountlng estlmates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subjett to any materlal departures dlsclosed and explai ned in the financial statements. and prepare the flnanclal statements on the golng concern basis, unless it is inappropriate to presume that the charltable company will contlnue In buslness. The Trustees are responsible for keeping adequate accounting records that dlsclose with reasonable accuracy at any tlme the flnanclal posltlon of the charitable company and enable them to ensure that the financial statement5 comply wlth the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taklng reasonable steps for the preventlon and detection of fraud and other irregularities. In so far as the Trustees are aware.. there Is no relevant audit information of whlch the charltable company's audltors are unaware,. and the Trustees have taken all steps that they ought to make themselves aware of that information, Signed on behalf of the trustees Mr D Pendle Trustee 11 August 2025 12 YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2025 Opinion We have audited the flnancSal statements of YMCA Brunel Group ('the parent charltable company,) and Its subsldiary ('the group,) for the year ended 31 March 2025 which comprlse the consolidated statement of comprehenslve income, the charlty only statement of comprehensive Income, the group and charlty balance sheet, the group and charity statement of change In reserves, the group and charlty cash flow statements and notes to the financlal statements including a summary of slgnlflcant accounting pollces. The financial reportlng framework that has been applled in their preparation Is appllcable law and Unlted Klngdom Accountlng Standards, Includlng FRS 102 "The Flnancial Reporting Standard appllcable In the UK and Republlc of Ireland" (United Kingdom Generally Accepted Accounting Practice). In our opinlon the flnancial statements.. glve a true and fair view of the state of the group's and parent charltable company's affairs as at 31 March 2025, and of its Incomlng resources and application of resources, Including its Income and expenditure, for the year then ended; have been properly prepared In accordance wlth United Kingdom Generally Accepted Accounting Practice,. and have been properly prepared In accordance wlth the requirements of the Companies Act 2006, the HoLJsing and Regeneration Act 2008 and the Accountlng Direction for private registered provlders of social houslng In England 2019. Basis for opinion We conducted our audit in accordance with International Standards on Audltlng (UK) (ISAS (UK)) and appllcable law. Our responslbillties under those standards are further described in the Auditor's responsibilities for the audlt of the flnanclal statements section of our report. We are Independent of the group and the apa￿nt charltable company In accordance with the ethical requirements that are relevant to our audlt of the financial statements in the UK, includlng the FRC'S Ethlcal Standard, and we have fulfilled our other ethlcal responsibilitles In accordance wlth these ￿quIreMentS. We belleve that the audit evidence we have obtalned Is sufficient and appropriate to provide a basis for our oplnion. Conclusions relatlng to golng concern In audltlng the flnancial statements, we have concluded that the board's use of the going concern basls of accountlng In the preparation of the financial statements is approprlate. Based on the work we have performed, we have not identlfled any material uncertalntles relatlng to events or condltlons that, Individually or collectlvelyi may cast signlflcant doubt on the group's or the parent charlatble company's ablllty to continue as a going concern for a perlod of at least twelve months from when the financlal statements are authorised for Issue. 13 YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2025 Our responslbilitles and the responsibilities of the board wlth respect to golng concern are descrlbed in the relevant sectlons of thls report, other information The board Is responsible for the other information. The other Information comprlses the Information included in the Trustees, Report, other than the flnanclal statements and our audltorfs report thereon. Our oplnlon on the financial statements does not cover the other Informatlon and we do not express any form of assurance concluslon thereon. In connectlon wlth our audlt of the flnancial statements, our responslblllty Is to read the other information and, in doing so, conslder whether the other Informatlon is materially Inconsistent wlth the flnanclal statements or our knowledge obtailled in the audit or otherwlse appears to be materially misstated. If we identify such materlal inconslstencles or apparent material misstatements, we are requlred to determlne whether there is a material misstatement In the financlal statements or a material misstatement of the other Informatlon. If, based on the work we have performed, we conclude that there is a materlal rnisstatement of this other information, we are requlred to report that fact. We have nothlng to report in this regard. Opinions on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken In the course of the audlt.. the information given in the Trustees, Report for the flnancial year for whlch the financial statements are prepared is consistent wlth the flnancial statements. and the Trustees, Report has been prepared In accordance wlth appllcable legal requirements, Matters on which we are required to report by exception In the Ilght of our knowledge and understanding of the group and the parent charltable company and its environment obtained In the course of the audlt, we have not identified material mlsstatements In the Trustees, Report. We have nothing to report in respect of the followlng matters where the Cornpanles Act 2006 quires us to report to you If, In our oplnlon: adequate accounting records have not been kept or returns adequate for our audit have not been recelved from branches not visited by us,. or the flnanclal statements are not in agreement wlth the accounting records and returns; or certain dlsclosures of directors, remuneratlon speclfled by law are not made; or we have not recelved all the Informatlon and explanations we requlre for our audlt 14 YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2025 In addltlon, we have nothlng to report in respect of the followlng matter where the Housing and Regeneratlon Act 2008 requlres us to report to you if, in our oplnlon: satlsfactory system of control over transactions has not been malntalned, Responsibllltles of the board As explaSned more fully In the board's responsiblllties statement set out on page 13, the board is sponsible for the preparation of the flnanclal statements and for being satisfied that they glve a true and fair vlew, and for such internal control as the board determlne Is necessary to enable the preparatlon of flnanclal statements that are free from material mlsstatement, whether due to fraud or error. In preparlng the flnanclal statements, the board is responslble for assesslng the group's and the parent charitable company's ebillty to contlnLJe as a going concern, discloslng, as appllcable, matters related to going concern and uslng the going concern basls of accounting unless the board elther Intends to Ilquldate the group or to cease operations, or have no realistic alternative but to do so. Auditor's responslbilities for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from materlal mlsstatement, whether due to frnud or error, and to issue an auditor's report that includes our oplnlon. Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conducted in accordance wlth ISAS (UK) wlll always detect a material misstatement when It exlsts. Mlsstatements can arlse from fraud or error and are consldered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decislons of users taken on the basis of these flnanclal statements. Irregularities, including fraud, are instances of non-compllance wlth laws and regulatlons. We deslgn procedures In Ilne with our responsibilities, outllned above, to detect material misstatements in respect of Irregularltles, Includlng fraud. The specific procedures for thls engagement and the extent to which these are capable of detectlng Irregularities, includlng fraud is detalled below: Enqulry of management and those charged wlth governan￿ about any known or suspetted instances of non compliance with laws and regulatlons and fraud. Reviewing mlnutes of meetlng of those charged with govemance any correspondence wlth the Charlty Commls5ion; Reviewing financlal statement dlsclosures and testlng to supporting documentation to assess compliance wlth applicable laws and ￿gulations. Performing analytlcal procedures to Identlfy any unusual or unexpected relatlonship that mlght Indicate a rlsk cf material misstatement due to fraud. YMCA BRUNEL GROUP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YMCA BRUNEL GROUP For the year ended 31 March 2025 Performing audlt work over the risk of management override of controls, including testlng journal entrles and other adjustments for approprlateness, evaluatlng a range buslness rationale of slgniflcant transactlons outslde the course of business and reviewing accountlng estlmates. Because of the inherent Ilmltatlons of an audit, there Is a rlsk that we wlll not detett all irregularities, including those leadlng to a materlal mlsstatement In the financlal statements or non-compllance with regulatSon. This rlsk Increases the more that compllance wlth a law or regulatlon is removed from the events and transactions reflected In the financial statements, as we wlll be less Ilkely 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 conceal ment, forgery, colluslon, omisslon or mlsrepresentation. A further descrlptlon of our responsibilities for the audit of the tlnanclal statements Is located on the Financial Reporting Council's webslte at: www.frc.org.uklauditorsresponsibilities. This descrlptlon forms part of our audltor's report. Use of report Thls report Is made solely to the parent company's members, as a body, In accordance wlth Chapter 3 of Part 16 of the Companles Act 2006 and sectlon 137 of the Housing and Regeneration Act 2008. Our audlt work has been undertaken so that we might state to the company's members those matters we are requlred to state to them In an audltor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslbility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the oplnions we have formed. James Gare (Senlor Statutory Auditor) For and on behalf of Sumer Audltco Limited Statutory Audltors Chartered Accountsnts County Gate County Wav Trowbridge BA14 7FJ Date: 03 September 2025 16 YMCA BRUNEL GROUP STATEMENT OF COMPREHENSIVE INCOME- GROUP For the year ended 31 March 2025 Notes 2025 2024 Turnover 10,409,339 7,965,614 Operating expendlture (10,146,286) (7, 719,090) Operatlng Surplus 263,053 246,524 Interest recelvable and simllar income 32,813 85,210 Interest payable and slmilar charges (82,106) (85,642) Surplus on ordinary actlvltles for the year before tax 213,760 246 092 Taxation Surplus for the year after tax and total comprehensive income 213,760 246,092 On behalf of the Board D Pendle { R Tldswell (Trustee) Date: YMCA BRUNEL GROUP - Charity Only STATEMENT OF COMPREHENSIVE INCOME- CHARITY For the year ended 31 March 2025 Notes 2025 2024 Turnover 9,363,696 6, 955,950 Operatlng expendlture (9,118,711) (6, 743, 756) Operating surplus 244,985 212,194 Interest receivable and slmllar Income 32,813 85,210 Interest payable and similar charges (82,106) (85,642) Surplus on ordinary activities for the year before tax 195,692 211,762 Taxatlon Surplus for the year after tax and total comprehenslve income 195,692 211,762 On behalf f the E>oard D Pendle R Tidswell ( rustee) Date: YMCA BRUNEL GROUP - Company number 03719773 BALANCE SHEET - GROUP As at 31 March 2025 Notes 2025 2024 FIXED ASSETS Social housing propertles Other tangible fixed assets Investments 10 li 13 2,443,098 4,780,505 355,548 7,579,151 2,484,780 4,509,947 364 360 7,359,087 CURRENT ASSETS Debtors Cash at bank and in hand 14 704,060 1,035,454 1.739,514 240,270 1 239,561 1,479,831 CREDITORS: amounts falling due within one year 15 (1,809,562) (1,394,265) NET CURRENT ASSETS (70,048) 85,566 TOTAL ASSETS LESS CURRENT LIABILITIES 7,509,103 7,444, 653 CREDITORS: arnounts falling due after one year 16 (3.814.980) (3, 964,290) NEf ASSETS 3 694 123 3 480,363 RESERVES Income and expenditure ￿serve Restri cted fu nds 21 22 3,521,899 172,224 3,232, 732 247,631 TOTAL RESERVES 3 694 123 3 480,363 These flnanclal statements have been prepared In accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charltable small companies. The financlal statements were approved and authorised for Issue by the Board on and signed on thelr behalf b D Pendle (Chai R Tldswell (Trustee) YMCA BRUNEL GROUP - Company number 03719773 BALANCE SHEET - CHARITY As at 31 March 2025 Notes 2025 2024 FIXED ASSETS Social houslng propertles Other tangible fixed assets Investments Ic 12 13 2,443,098 4,738,834 355.648 7,537,580 2,484,780 4,486,359 364,460 7,335,599 CURRENT ASSETS Debtors Cash at bank and in hand 14 678,909 880,951 1,559,860 383,418 1,003,546 1,386,964 CREDITORS: amounts falling due within one year 15 (1,641,298) (1,323,710) NET CURRENT ASSETS (81,438) 63,254 TOTAL ASSETS LESS CURRENT LIABILITIES 7,456,142 7,398,853 CREDITORS: amounts falllng due after one year 16 (3,814,418) (3,952,821) NET ASSETS 3,641 724 3,446,032 RESERVES Income and expenditure reserve RestJ1cted funds 20 22 3,469,500 172,224 3,198,401 247,631 TOTAL RESERVES 3 641 724 3 446 032 These f1nanclal statements have been prepared in accordance with the speclal provlslons of Part 15 of the Companies Act 2006 relating to charitable small companles. The flnanclal statements were ap and slgne4-@ eir roved and authorlsed for Issue by the Board on . I I D Pendle ( halr R Tidswell (Trustee 20 YMCA BRUNEL GROUP STATEMENT OF CHANGE IN RESERVES- GROUP For the year ended 31 March 2025 Restricted reserve Unrestrlcted Reserve Total At l Aprll 2023 233,094 3,001,177 3,234,271 Surplus for the year after transfers 14,537 231,555 246,092 At 31 March 2024 and l April 2024 247,631 3,232,732 3,480,363 Surplus l (Deficit) for the year after transfers (75,407) 289,167 213,760 At 3 1 March 2025 172 224 3.521,899 3 694,123 21 YMCA BRUNEL GROUP STATEMENT OF CHANGE IN RESERVES - CHARITY For the year ended 31 March 2025 Restrlcted reserve Unrestricted Reserve Total At a Aprll 2023 233,094 3,001,177 3,234,271 Surplus for the year after transfers 14,537 197,224 211,761 At 31 March 2024 and l April 2024 247,631 3,198,401 3,446,032 Surplus / (Deflclt) for the year after transfers {75,407) 271,099 195,692 At 31 March 2025 172,224 3 469,500 3,641.724 22 YMCA BRUNEL GROUP STATEMENT OF CASH FLOWS- GROUP For the year ended 31 March 2025 Note 2025 2024 Cash flow frorn operatlng activitles 23 448,752 935,300 Cash flow from Investlng activities Payments to acquire social houslng property Payments to acqulre tanglble fixed assets Interest payable Inte￿st received ancl similar Income Net cash used in investing actlvlties io li (20, 908) (132,548) (85, 642) 53,337 185 761 (501,014) (82,106) 41,625 541 495) Cash flow from financlng activities Payments towards pension liability New loans received in the year Repayment of loan capital (24,063) (31,764) 121,049 (152 813 111,364) Change in cash and cash equivalents in the year (204, 107) 596,726 Cash and cash equlvalents at l April 2024 1,239,561 642, 835 Cash and cash equivalents at 31 March 2025 1,035 454 1,239,561 Cash and cash equlvalents conslsts of: Cash at bank and In hand Cash and cash equivalents at 31 March 2025 1,035 454 1,239,561 23 YMCA BRUNEL GROUP STATEMENT OF CASH FLOWS- CHARrrY For the year ended 31 March 2025 Note 2025 2024 Cash flow from operatlng activities 23 489,314 844,186 Cash flow from Investing actlvltles Payments to acquire soclal housing property Payments to acqulre tangible fixed assets Interest payable Interest recelved and simllar income Net cash used in investing activlties io 12 (20, 908) (128,769) (85,210) 53,337 (181,550) (470,712) (82,106) 511,193) Cash flow from flnancing activities Payments towards penslon Ilabllity New loans received In the year Repayment of loan capital (24,063) (31,764) 76,653) 100,716 (12 0,401 (142, 165) Change in cash and cash equivalents in the year {122,595) 520,471 Cash and cash equivalents at l Aprll 2024 1,003,546 483,075 Cash and cash equivalents at 31 March 2025 880,951 1,003 546 Cash and cash equivalents conslsts of: Cash at bank and In hand Cash and cash equivalents at 31 March 2025 880 951 1 003,546 24 YMCA BRUNEL GROUP NOTE5 TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 ACCOUNTING POLICIES General Information and basls of preparation of flnancial statements YMCA Brnnel Group is a charltable company and a private registered provider of social houslng in the United Kingdom. The address of the Company Is given in the reference and administratlve detalls on page l of these financlal statements and the nature of the Company's operations and principal actlvities are provided within the Trustees, Report. YMCA Brunel Group constitutes a public benefit entity as defined by the Flnancial Reporting Standard appllcable in the UK and Republic of Ereland (FRS 102). The financlal statements have been prepared in accordance with applicable accounting standards Including Financial Reporting Standard 102, The Financial Reporting Standard Appllcable in the UK and Republic of Ireland (FRS 102), the Statement of Recommended Practlce for Social Houslng Providers 2018 (SORP), and wlth the Accounting Direction for private registered providers of soclal housing In England 2022. The financial statements are also prepared under the requirements of the Housing and Regeneration Act 2008, the Companies Act 2006 and the Charities Act 2011, The tlnancial sLatements have been prepared on a golng concern basis under the hTStorlcal cost convention, modified to include ￿rtaIn items at falr value. The financial statements are prepared in sterling, which is the functional currency of the organisation and rounded to the nearest pound. The signiflcant accounting policies applied In the preparatlon of these fina ncial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Group flnanaal statements These group financial statements consolidate the results of the charlty and Its whDlly-owned subsidiary Trla-Aktiv (UK) Limited, both of which make up thelr financial statements to 31 March. A separate statement of fi nancial activities, or Income and expenditure account, for the charlty itself 15 not presented because the charity has taken advantage of the exemptions afforded by Sectlon 408 of the Companies Act 2006. Tangible fixed assets Tangible fixed assets (includlng Social houslng propertles) 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 bulldings, developments costs, interest charges on loans during the development perlod and expenditure on Improvements. Expenditure on Improvements will only be capltalised when it results in incremental future beneflts such as Increaslng rental incorne, reducing maintenance costs or resultlng in a significant extension of the useful economic life of the property. Tanglble fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciatlon and accumulated impairment losses. Cost Includes costs dlrectly attribLJtable to maklng the a5sel capable of operating as intended. Assets costing less than £1,000 are not capltallsed. 25 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Depreciation Is provlded on all tangible fixed a55ets, at rates calculated to wrlte off the cost, less estlmated resldual value, of each asset on a systematic basis over its expected useful life as follows: Freehold land Freehold Property Improvements Non- housing freehold bul Idlngs Leasehold Property Leasehold Property Improvements Equlpment Fixtures and fittings Not Dep￿cIated Over 10 years Over 50 years Over the term of the lease Over 10 years Over 3-5 years Over 10 years Housing propertles are divided into the major components and charged depreciatlon, so as to wrlte- down the cost of each component to its estimated residual value, on a stralght line basls, over its estimated useful economlc Ilfe. The company depreciates the major components of its housing properties at the followlng annual rates. Land Main fabrlc Roof structure Kltchens Bathrooms Windows and doors Mechanlcal systems Gas boilers Electrics Not Depreclated Over 100 years Over 70 years Over 20 years Over 30 years Over 30 years Over 30 years Over 15 years Over 40 years Annually, housing properties are assessed for impairment indicator5. Where Indlcators are Identlfled an assessment for impalrment is undertaken comparing the property's carrying amount to its recoverable amount. Where the carrylng amount of a property is deerned to exceed its recoverable amount, the property is wrltten down to its recoverable amount. The resulting impairment loss is recognised as operating expenditure, Where a property Is currently deemed not to be providing serv5￿ potentlal to the Company• It5 recoverable amount is its fair value sess costs to sell. For propertles that are used more for the fulfilment of contracts for young people, these are held wlthln the other tangible flxed assets rather than social housing. Social houslng propertles transferred are included In fixed assets at fair value wlth an equlvalent amount shown as donated Income, Any liability to repay the grant fundlng if the property Is no longer used for social houslng Is not included on the balance sheet but is shown as a contingent Ilability. 26 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Investments Listed investTnents are held at market value and represent investments held in investment funds that are externally managed. Unrealised galns and losses arising on the revaluation of Investments are credited or charged to the Statement of Comprehenslve Income. Investments in subsidlaries are measured at cost less impairment. Financjal Instruments The charlty only holds baslc financlal Instruments as defined in FRS 102. The financial asset5 and flnancial Ilabllltles of the charlty and their measu rement basls are as follow5.. Flna tLI a55ets trade debtor, accrued income and other debtors are baslc financial Instruments and are debt instruments measured at amortised cost as detailed in nDte 14. Prepayments are not financial instruments. Amounts from the charity s wholly owned subsldlary are held at face value less any impairment. Cash at bank and in hand Includes cash and short term highly liquid investments wlth a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. It is classified as a baslc financlal instrument and is measured at face value. a ncial liabilities trade creditors, accruals and other creditors are financial Instruments, and are measured at amortised cost as detailed In notes 15 and 16. Taxatlon and soclal security are not included in the flnanclal instruments disclosure definition. Deferred income Is not deemed to be a financlal Ilablllty, as the cash settlement has already taken place and there is an obligation to deliver servlces rather than cash or another financlal instrument. Loans and borrowings, are Inltially recognlsed at the transaction price includlng transactlon costs and subsequently, they are measured at amortised cost using the effettlve interest rate method, less impalrment. If an arrangetnent constitutes a finance transaction it Is measLFred at present value. Impairment Assets not measured at fair value are reviewed for any indicatlon that the asset may be impaired at each balance sheet date. If such Indlcation exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss 15 recognised in proflt or loss unless the asset Is carried at a revalued amount where the Impairment loss is a revaluation decrease. Provislons Provislons are recognlsed when the charity has an obllgation at the balance sheet date as a result of a past event, itls probable that an outflow of economic benefit5 will be requlred In settlement and the amount can be reliably estimated. 27 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Debtors recelvable and creditors payable within one year Debtors and creditors with no stated Interest rate and recelvable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expendlture. Loans and bomiwlngs Loans and borrowlngs are initially recognlsed at the transactlon price including transaction costs. Subsequently, they are measured at amort15ed cost uslng the effectlve interest rate method, less Impairrnent. If an arrangement constitutes a finance transaction it is measured at present value. Leases Rentals payable and recelvable under operatlng leases are charged on a 5tralght line basls over the period of the lease. Tax The Company Is an exempt charity within the meanlng of schedule 3 of the Charities Act 2011 and Is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definitlon of a charity for UK corporation tax purposes. The activities of the Company are partlally exempt from VAT. Irrecoverable VAT whlch can be attributed to a capital item or operatlng expendlture 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 consideratlon received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Tumover represents rental income receivable in the year net of losses from voids, revenue grants from the government (local authorities) and Homes England (formerly the Homes and Communltles Agency) and other income from tradirig. Government grants are received In respect of purchasing flxed assets. These grants are recognised at the fair value of the asset recelved or receivable. The assets are accounted for uslng the cost model and the government grant is accounted for uslng the accruals model, The dIfferen￿ between the fair value of the asset and the consideratlon is recognlsed as a Ilabllity and amorti5ed over the useful economic life of the asset. This amortisatlon Is rec¢gnlsed withln turnover. Where di5P05al of government donated assets are required to be recycled, a Ilabillty Is included to recognise this obligatlon. Grants re￿iVed as a contrlbutlon to revenue expenditure are recognised in the statement of comprehenslve Income on a systematic basis over the period In which the organlsation recognises the related costs for whlch the grant is Intended to compensate. Grants are recognised In the same period as the related expenditure provided the conditions for receipt have been satlsfled and there Is reasonable assurance that the grant will be re￿Ived. 28 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 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 wlll be received. More detail on speclflc elements of other Income streams are provided below. For donations to be recognlsed the Company will have been notlfled of the amounts and the settlement date in Wr￿ting. If there are conditions attached to the donation and this requlres a level of performance before entitlement can be obtained then Income Is deferred until those condltlons are fully rnet or the fulfilment of those conditlons Is within the control of the Company and it is probable that they will be fulfilled. Income tax recoverable In relation to dc>nations received under Gift Ald or deeds of covenant is recognlsed at the tlme of the donation. Donated facilities and donated professional services are recognised as Income at their fair value when their economic benetit Is probable, It can be measLJred reliably and the charlty has control over the item. Fair value is determlned on the basis of the value of the gift to the charity. For example the amount the charlty would be willing to pay in the open market for such facilities and servlces. A correspondlng amount is recognised in expenditure, Fixed asset gifts in kind are recognised when receivable and are included at falr value. They are not deferred over the Ilfe of the asset. For legacles, entitlement is the earlier of the charity bel ng notified of an i m pending dlstributlon or the legacy being received. At this point Income is recogni5ed. On occasion legacles will be notified to the charity. However it is not possible to measure the amount expected to be d15tributed. On these occasions, the legacy Is treated as a contingent asset and disclosed. Income from the hostel, restaurant, health sulte and nursery, together with other income, is Included in incomlng resources in the period to whlch the Income relates. Investment income is earned through holding assets for investment purposes such as pmperty. It includes interest and rent. It is included when the amount can be measured reliably. Interest income is recognised uslng the effectlve interest method and dividend and rent income is recognised as the charlty's right to receive payment is established. Interest Income is recognised using the effective Interest method. Any assoclated Income tax recoverable is recognised at the same time as Interest income is receivable. 29 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Expenditure recognitlon All expendlture is accounted for on an accruals basis and has been classifled under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obllgation to make payments to thlrd partles, it is probable that the settlement wlll be required and the amount of the obllgatlon can be measured reliably. Irrecoverable VAT Is charged as an expense agalnst the activity for whlch expenditure arose. Operatlng profit Operating surplus includes all income and expendlture of the organlsatlon, other than Interest receivable and investment gains. Employee benefits When employees have rendered a service to YMCA Brunel Groupi 5hort-term employee benefits to whlch the employees are entitled are recognised at the undiscounted amount expected to be pald 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. YMCA Bmnel Group partlclpated in a multi-employer defined benefit pension plan for employees of YMCAS In England, Scotland and Wales, which was closed to new rnembers and accruals on 30 April 2007. Due to insufficient Informatlon, the plan's actuary has advised that it is not possible to separately identify the assets and liabilities ￿latIng to YMCA Brunel Grou p. As descrlbed In note 26 YMCA Brunel Group has a contractual obligation to make penslon deficlt payments of £23,356 pa over the perlcd to April 2027 (2024,. £41,323 pa to April 2029), accordingly this is shown as a liablllty in these accounts. In addition, YMCA Brunel Group is required to contribute £7,444 (2024.. £9,803 pa) to the operatlng expenses of the Penslon Plan and these costs are charged to the Statement of Comprehensive Income as made. Restrlcted reserves Restrlcted reserves are those reserve5 which are only expendable In accordance with the wlshes of the funder or regulatory body. Restricted reserves include funds ralsed in response to a speclflc appeal. Revenue and expenditure cannot be directly set against restricted ￿serveS but is taken through the statement of comprehenslve income and then a transfer to restricted reserve5 is made as appropriate. 30 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Going concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertalntles exist. The Trustees have considered the level of funds held and the expected level of incorne and expendlture for 12 months from authorising these financlal statements. The budgeted Income and expenditure 15 sufficient with the level of reserves for the Company to be able to continue as a golng concern. Judgements and key sources of estimation uncertainty The key sources of estimation uncertainty at the reportlng date that have a slgnlflcant risk of causlng a material adjustment to the carrying amounts of assets and liabilities include obligatlons under defined benefit pension schemes (see note 26) and the split and useful lives of components of social houslng and other fixed assets (see notes 10 and 11). TURNOVER Group 2025 Charity 2025 Gmup 2024 Charity 2024 Grants Adult & Homeless Prevention Income Social HDuslng (see Note 4) Donations and legacies Pathway to independence (P21) income Preschool education Brlstol Wing income Health and wellbeing income 1,117,460 119,845 1,117,460 119,845 447,915 130, 932 447,915 130, 932 1,992,G98 39,158 2,567,208 1,992,698 39,158 2,567,208 1,954, 988 29,948 1,157,695 2,453,014 29,948 1,157,695 2,400,460 58,800 2,400,460 95,526 1, 943,551 106,899 1, 943,551 106,899 279,314 338,109 338,109 279,314 Income from trading subsidary (see Note 3) other turnover (including Gift Aid donations from the subsidlary) 1,416,967 1,273,227 358,634 693,232 641,145 406,682 10,409,339 9,363,696 7,965,614 6, 955,950 31 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 INCOME FROM TRADING SUBSIDIARY The wholly-owned trading subsidiary, Trla-Aktlv (UK) Llmlted, company number 02189118, which is Incorporated in the United Kingdom, pays all Its taxable proflts to the charity by Glft Ald. Tria-Aktiv (UK) Limlted operates a hostel at Bath YMCA and Bristol YMCA. The charity owns the entire issued share capital of 100 ordinary shares of £1 each. A Summary of the trading re5uIt5 as recorded In that company's statutory accounts (therefore, gross of all intra-group transactions), is shown below:_ 2025 2025 2024 2024 Turnover and interest receivable Hostel income Caterlng income Room hire Functions Mlscellaneous sales Grant income 1,356,269 55,367 4,605 1,193,692 66,291 1,665 726 10,843 1,416,967 1,272,491 Interest 1,416,967 1,272,491 Cost of sales and admlnlstratlve expenses 1 123 Q04 1 029 328 Profit / (Loss) 293,963 243,899 Retained proflt brought fotward Amount gifted to YMCA Brunel Group 34,336 (275,896) (209,563) 52,403 34,336 The a55ets a nd liabilities of the su bsidiary were: Fixed assets Current a55ets Credltors.. amounts falllng due wlthln one year c￿dItors.. émounts falllng due after one year 41,671 179,659 (168,266) {561) 23,588 237,652 (215,335) (11,469) Total assets less net Ilabilitles 52.503 34,436 Called up shared capital Reserves loo 52,403 loo 34,336 52,503 34,436 32 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 SOCIAL HOUSING TURNOVER AND COSTS (GROUP AND CHARITY) SOCIAL HOUSXNG LETTINGS 2025 2024 Turnover Rent receivable after volds 1 992 698 1 954 988 Expenditure Social housing lettings Management Malntenance Bad debts Depreciatlon of housing propertles Other costs Total social housing lettings 1,686,836 100,829 60,031 39,216 174,284 2,061,196 1,606,510 91,663 79,184 39,216 165 985 1, 982,558 Operating su rplus l (deficit) from soclal housing actlvltSes (68,498) (27,570) Rent losses from voids 251,390 231,206 ACCOMODATION OWNED AND IN MANAGEMENT (GROUP & CHARrrY) 2025 Property Unlts 2024 Pmperty Units Supported Housing owned and managed Supported Housing - managed for others 51 95 41 102 146 143 INTEREST RECEIVABLE AND SIMILAR INCOME Group 2025 Charity 2025 Group 2024 Charity 2024 Rental Income Interest and dividends receivable Gains / (losses) on investments 28,750 12,875 28,750 12,875 45,566 7,771 45,566 7,771 (8,812) (8,812) 31,873 31,873 32,813 32,813 85,210 85,210 33 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 SURPLUS / (DEFICIT) ON ORDINARY ACTIVITIES Group 2025 Charity 2025 Group 2024 Charlty 2024 The operating (deficit) / Surplus is arrived at after charg ing.. Depreciation other fixed a55ets 230,456 218,237 223, 789 212,074 Deprecation 50clal houslng properties Operatlng lease rentals Audltors remuneratlon audit fee 41,682 41,682 41,682 41,682 48,175 48,399 BOARD AND KEY MANAGEMENT PERSONNEL REMUNERATION The key management includes the trnstees of YMCA Bwnel Group and the senior management team as detailed on page l. Total remuneration (including employer natlonal insurance) for key management personnel of the CoTnpany and the Group amounted to £583,590 (2024: £425,363). No retr7uneration was received by trustees and non-executlve board members. Durlng the year no trustees received ￿1mbUrSeMent of expenses (2024: f nil). STAFF NUMBERS AND COSTS Group 2025 Charity 2025 Group 2024 Charity 2024 Wages and salaries Social security costs Penslon costs 5,100,308 394,417 296,741 4,564,365 360,045 270,437 4,157,832 291,761 214,444 3,627,899 259,988 203,968 5,791,466 5,194,847 4,664,037 4,091,855 The average weekly number of employees, Includlng members of the management team, calculated on a full time equivalent basis was 181 {2Q24: 158). One employee received remuneratlon between £90,000 and £95,000 (2024: one employee between £80,000 £90,000). No other employees earned over £60,000. 34 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 10. SOCIAL HOUSING PROPERTIES (CHARITY & GROUP) Land Property Total Cost At l April 2024 Additlons 225,650 2,436,550 2,662,200 At 31 March 2025 225,650 2,436,550 2,662,200 Depreciatlon At l Aprll 2024 Charge for the year At 31 March 2025 177,420 177,420 41,682 219,102 219,102 Net book value At 31 March 2025 225,650 2,217,448 2,443,098 At 31 March 2024 225,650 2,259,130 2,484, 780 Land leased to third partles for social houslng represents freehold land, which has been developed by Bridgwater Young Men's Chrlstlan Association, under a 99 year long leasehold arrangement. The property was transferred to YMCA Brunel Group o)n l July 2020 and the long leasehold on the lan was revoked. The land has been reflected in the accounts at the cost to YMCA Brunel Group. 35 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 11. OTHER TANGIBLE FIXED ASSEfs - GROUP Freehold land Leasehold land & property & property Plant & Machinery Gym Equlpment Cost At l April 2024 Additions Disposals At 31 March 2025 3,943,069 390,160 2,212,471 348,662 37,264 78,005 4,333,229 2,212,471 385,926 78,005 Depreciation At l April 2024 Charge for the year On disposals At 31 March 2025 1,377,648 93,784 471,675 60,039 304,413 22,874 70,459 7,324 1,471,432 531,714 327,287 77,783 Net book value At 31 March 2025 2 861 797 1 680 757 222 At 31 March 2024 2,565,421 1,740,796 44,249 Off Ice Equipment Fixtures & Flttlngs Motor Vehlcles Totsl Cost At l April 2024 Addltlons Dlsposals At 31 March 2025 129,796 6,238 428,247 38,529 6,667 28,823 7,146,917 501,014 136,034 466,776 35,490 7,647,931 Depreclatlon At l April 2024 Charge for the year On dlsposals At 31 March 2025 125,474 5,354 283,301 37,983 4,000 3,098 2,636,970 230,456 130,828 321,284 7,098 2,867,426 Net b¢x•k value At 31 March 2025 5,206 145,492 28,392 4,780,505 At 31 March 2024 4,322 144 946 4,509,947 36 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Ma￿h 2025 12. OTHER TANGIBLE FIXED ASSETS - CHARITY Freehold land Leasehold land & propertv & property Plant & Machinery Gym Equipment Cost At l April 2024 Additions Dlsposals At 31 March 2025 3,943,069 390, 160 2,171,574 279,481 19,617 78,005 4,333,229 2,171,574 299,098 78,005 Depreclatlon At l April 2024 Charge for the year On disposals At 31 March 2025 1,377,648 93,784 448,528 55,950 235,232 19,345 70,459 7,324 1,471,432 504,478 254,577 77,783 Net book value At 31 March 2025 2,861,797 1,667,096 44,521 222 At 31 March 2024 2,565,421 1 723,046 44,249 Office Equipment Flxtures & Flttlngs Motor Vehicles Total Cost At l April 2024 Additions Dlsposals At 31 March 2025 116,124 6,238 315,822 25,874 6,667 28,823 6,910,742 470,712 122,362 341,696 35,490 7,381,454 Depreclation At l April 2024 Charge for the year On disposals At 31 March 2025 112,255 4,901 176,261 33,835 4,000 3,098 2,424,383 218,237 117,156 210,09S 7,098 2,642,620 Net book value At 31 March 2025 5,206 131.600 28,392 4,738,834 At 31 March 2024 139,561 2,667 4 486,359 37 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 13. INVESTMENTS Group 2025 Charlty 2025 Group 2024 Charlty 2024 UK quoted unit trusts Investment property Other Investment (shares in tradlng su bsldlary) 307,199 48,349 307,199 48,349 316,011 48,349 316,011 48,349 loo loo 355,548 355,648 364,360 354,460 Movements in market value At l April 2024 Net gains / ( losses) on revaluatlons 364,360 364,460 332,487 332,587 (8,812} (8,812) 31,873 31,873 At 31 March 2025 355.548 355,648 364,360 364,460 Hlstorical cost At l April 2024 and at 31 March 2025 UK quoted unit trusts Leasehold property loo,000 18,530 loo,000 18,530 loo,000 18,530 loo,000 18,530 118,530 118,530 118,530 118,530 No change In market value has been reflected for the investment properties. The Tmstees conslder that retall property value have not Increased during that period due to the existence of vacant retail unit5 in Bath & North East Somerset. 14. DEBTORS Group 2025 Charity 2025 Group 2024 Charlty 2024 Due within one year Trade debtors Intercompany Prepayments and accrued income other debtors 537,122 512,720 105,492 218,811 31,465 166,938 166,189 134,778 133.142 704,060 678,909 240,270 383,418 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 15. CREDITORS DUE IN ONE YEAR OR LESS Group 2025 Charlty 2025 Group 2024 Charity 2024 Due in one year or less Bank loans (see note 17) other loans (see note 18) Trade creditors Credlt cards Other tsxation and social security Other credltors Accruals and deferred income Intercompany Deferred capital grant 138,640 35,000 95,408 7,976 155,868 53,419 1,265,496 128,153 35,000 87,914 8,126 97,464 51,100 1,151,147 24,639 57,755 153,444 40,000 103,119 11,904 117,640 47,774 862,629 143,216 40,000 92, 943 10,348 75,823 45,470 858, 155 57,755 57, 755 57,755 1,809,562 1.641,298 1,394,265 1,323,710 16. CREDrroRS DUE AFTER MORE THAN ONE YEAR Group 2025 Charity 2025 Group 2024 Charity 2024 Due after more than one year Bank loans (see note 17) Deferred capital grant Pension deflcit 1,143,604 2,652,662 18,714 1,143,042 2,652,662 18,714 1,211,101 2,710,412 42, 777 1,199,632 2,710,412 42,777 3,814,980 3,814.418 3,964,290 3,952,821 17. BANK LOANS Group 2025 Charlty 2025 Group 2024 Charity 2024 Amounts falling due: In one year or less Between one and two years Between two and five years More than five years 138,640 128,715 3PA,454 630,435 128,153 128,153 384,454 630,435 153,444 153, 703 820,688 236, 710 143,216 143,216 819, 706 236, 710 1,282,244 1,271,195 1,364,545 1,342,848 Financial instruments measured at amortised cost comprise the loan holdings provided by the bank to the charlty. The banks loan are repayable in Instalments and interest is payable on at 2010 p.a. over base rate. Bank borrowings are secured by fixed and floatlng charge over the assets of the charlty. Interest paid on the bank loans during the period was £78,921 (2024: £85,644). Contained within the group balances is an addltional £50,000 coronavirus business continuity loan. This is interest free for the first year and then is charged at 2.50/0. The loan Is repayable at £887 per month. 39 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 18. OTHER LOANS Group 2025 Charity 2025 Group 2024 Charity 2024 In one year or less Between one and two years Between two and five years More than flve years 35,000 35,000 40,000 40,000 35.000 35,000 40,000 40,000 The other loans are wlth Mendip District Council, it is interest free and repayable at £5,000 per month. 19. OPERATING LEASE COMMrrMENTS Total future minlmum lease payments under non-cancellable operating leases are as follows: 2025 2924 Not later than one year Later than one and not later than five years Later than flve years 334,131 340,404 2,780,978 372,967 406,954 2,852,879 3,455,513 3,632,800 20. INCOME AND EXPENDITURE RESERVE - CHARITY Thls represents cumulatlve surplus and deficits net of other adjustments. Income and Expendlture 2025 2024 At l April 2024 Total income (turnover and bank interest) Total expendlture (operating expenditure and interest payable) Transfers (to) I from restricted reserve 3,198,401 3,001,176 9,396,509 7,041,160 (9,200,817) (6,829,398) 75,407 (14,537) Reserves Carried forward 3,469,500 3,198,401 40 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 21. INCOME AND EXPENDITURE RESERVE - GROUP This represent5 cumulative surplus and deflclts net of other adjustments. Incorne and Expendlture 2025 2024 At l April 2024 Total income (turnover and bank interest) Total expenditure (operating expenditure and Interest payable) Transfers (to) / from restricted reserve 3,232,732 3,001,177 10,442, 152 8, 050,824 (10,228,392) (7,804,732) 75,407 (14,537) Reserves Carrled forward 3 521 899 3 232, 732 22. RESTRIcfED RESERVES (CHARZTY & GROUP) Revenue and expendlture cannot be directly set against restrlcted reserves but is taken through the statement of comprehensive income and then a transfer to restricted reserves Is made as approprlate. Details of any restricted Income received and spent in the year and unspent at the year end are provided below: There were restricted funds of £172,224 to carry forward at the year end date. Details of restricted monies recelved and spent In the year are as follows.. Year ended 31 March 2025 At 31 March 2024 At 31 March 2025 Income Expend-iture Routes Frome Zaiger Trust Dawe Trust Grant The Malmesbury Fund Other grants and projects 36,472 27,171 31,091 91,105 61,792 247,631 (16) 36,456 28,255 1,084 (31,091) 91,105 16,408 172,224 3,810 4,894 49 194) (80,301) 41 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Year ended 31 March 2024 At 31 March 2023 At 31 March 2024 Income Expend-lture Routes Frome Zaiger Trust Dawe Trust Grant The Malmesbury Fund Other grants and projects 36,472 27,171 16,554 91,105 61,792 233, 094 36,472 27,171 31,091 91,105 23,413 (8,876) 80,413 (65,876) 247,631 Restricted reserve descriptions Routes Frome The Routes fund is monies received to fund the shortfall for the Routes drop in centre at Frome Foyer Zaiger Trust An ongoing fund for resldent activities in South Somerset. Dawe Trust Grant Dawe Trust Grants are payments made on behalf of residents to asslst wlth setting up thelr Move On accommodatlon. The Malmsbury Fund The Malmesbury Fund ￿preSentS the monies re￿iVed from National Council of YMCAS far 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 benefit of the residents of Malmesbury. The Fund was established followlng the sale of a YMCA property in the town and it is envisaged that the monies will be used to establish a new plece of YMCA work. Other grants and projects Other restricted grants and projects included a number of small grants and donations, Indlvidually controlled and accounted for by the Trustees, in respect of a number of youth work and accommodation projects. 42 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 23. RECONCILIATION OF OPERATING (DEFICIT) / SURPLUS TO CASH FLOW FROM OPERATING ACTIVITIES Group 2025 Charity 2025 Group 2024 Charlty 2024 Operating surplu5 213,760 195,692 246,092 211,762 Depreciation charges Amortised capital grants 272,138 (57,754) 259,919 {57,754) 265,471 (57,755) 253, 756 (57,755) Loss on disposal of fixed assets I nterest recelva ble and Similar income Investment105s / (gains) Interest payable and similar charges Revaluation of pen5i0n liability (6,148) (5,373) (41,625) 8,812 (41,625) 8,812 (53,337) (31,873) (53,337) (31,873) 82,106 82,106 85,642 (90,010) 85,210 (90,010) Decrease / (Increase) in debtors Increase / (decrease) in creditors (463,790) (295,491) 113,169 (25,353) 435,105 337,655 464,049 557,159 448.752 489,314 935,300 844,186 24. ANALYSIS OF NET CHANGES IN DEBT - GROUP At 31 March 2024 At 31 March 2025 Cashflow Loans due In less than l year Loans due in more that l year Total Liabilities (193,444) 1 211 101 (1,404,545) 19,804 67,497 87,301 (173,640) (1,143 604 (1,317,244) Cash 1,239,561 (164,984) (204,107 {116,806) 1035,454 (281,790) Total net debt 43 YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 25. ANALYSIS OF NEf CHANGES IN DEBT - CHARITY At 31 March 2024 At 31 March 2025 Cashflow Loans due In less than l year Loans due in more that l year Total Liabilities (183,216) 1,199 632 (1,382,848) 20,063 (163,153) 1,143,042 (1,306,195) 76,653 Cash 1,003,546 (379,302) (122 595 (45,942) 880 951 Total net debt (425,2H) 26. PENSION COMMITMENTS Defined Beneflt Penslon Scheme YMCA Brunel Group participated in a contributory pension plan providing deflned benefits based on final penslonable pay for employees of YNCAS in England, Scotland and Wales. "rhe assets of the YMCA Penslon Plan are held separately from those of YMCA Brunel Group and at the year end these were invested In the Mercer Dynamic De-rlsklng Solution, 65Wo matching porffolio and 350/D in the growth portfolio and Schroder (property unlts only). The most re￿nt completed three year valuatlon was as at l May 2023. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets of 4.56Q/o, the increase in penslons in payment of 3.18Wo (for FiPI capped at 5 % p,a.), and the average life expectancy from normal retlrement age (of 65) for a current male pensioner of 21.5 years, female 24.0 years, and 23.1 years for a male pensloner, female 25.7 years, retiring In 20 year5, tlme. The ￿sUIt of the valuation showed that the actuarial value of the assets was £103.Im, which represented 92 % of the beneflts that had accrued to members. The Pension Plan was closed to new members and future service accrual with effect from 30 April 2007, With the removal of the salary linkage for benefits all employed deferred members became deferred members as from l May 2011. The valuation prepared as at l May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 million. YMCA Brunel Group was advlsed that It will need to make monthly contributions of £30,800 from l May 2024. This amount is based on the current actuarial assumptlons (as outlined above) and may vary in the future as a result of actual performance of the Penslon Plan. Agreed future deficit cor)tributions have been discounted uslng a rate of 50/0 (2024., 50/0). The current recovery period is 3 years commenclng 1st May 2024. In addition, YMCA Brunel Gmup may have over tlme Ilabilities In the event of the non-payment by other partlclpatlng YMCAS of their share of the YMCA Pension Plan's deficlt. It is not posslble currently to quantlfy the potential amount that YMCA Brunel Group may be called upon to pay in the future. YMCA BRUNEL GROUP NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Amounts recognlsed in the Balance Sheet are a5 follows.. 2025 2024 Penslon deficit due in less than l year Pension deficit due In I to 2 years Pension deflclt due in 2 to 5 years Penslon deficit due after 5 years 22,897 18,713 22,897 42, 776 Deflcit 41,610 65,673 27. RELATED PARTY TRANSACTIONS During the year, the group paid for air conditioning malntenance totalling £4,840 (2024: £3,774), from a company controlled by a close family member of Maggle King, a member of key management personnel. 28. HOMES ENGLAND CONTINGENCIES The Charity has ccintingent Ilabilities of £372,895, £250,150 and £1,795,400 to the Homes & Communities Agency In respect of the Social Housing Grants obtalned orlglnally from YMCA England for the Frome Foyer, Harri5 House and Street Foyer bulldlngs respectively. These liabilities remain wlth the bulldlngs for as long at they are used for social housing by a Registered Provlder and are therefore not expected to become payable. 29. ULTJMATE CONTROLLING PARTY There Is no ultimate controlling party of the charitable company. 45