Registered Company Number: 03646202 Registered Charity Number: 1077798 BURTON UPON TRENT AND DISTRICT YMCA AIYNUAL REPORT AND FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2024
BURTON UPON TRENT AND DISTRICT YMCA CONTENrs Pages Legal and administrative inf0mtIoll Trustees, annual rq)ort (including directors, rcport) 4-11 Statem¢nt of Trnstees, responsibilities 12 Independent Auditor's report 13-16 Statement of fllwicial activities 17 Balance 5h¢¢t 18 Statement of cash flows 19 Notes to the fancIal statements 20-36
BURTON UPON TRENT AM) DISTIUCT YMCA LEGAL AND ADMINISTIL4TIVE INFORMATION FOR THE YEAR TO 31 DECEMBER 2024 Legal and administrative information Full name Burton upon Trent and District YMCA Registered company Dumber 03646202 Registered charity number 1077798 Registered office Northside House Northside Business Park Hawkins Lane Burton upon Trent Staffordshire DE14 IDB Bankers The Royal Bank of Scotland plc Bed¢ House, I I Western Boulevard Leicester LE2 7EJ Lloyds TSB Bank plc Ariel House, 2138 Coventy Roa Birmingbam B26 3JW Auditor UHY Hacker Young 14 Park Row Nottingham NGI 6GR
BURTON UPON TRENT AND DISTRICT YMCA TRUSTEES, ANNUAL REPORT (cLuDING DIRECTORS REPORT) FOR THE YEAR TO 31 DECEMBER 2024 The Trustees present their report and the audited financial statements of the charity for the year ended 31 December 2024. The Trnstees hav¢ adopted the provisions of the Stat¢mfflit of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual r¢port and fmancial statements of the charity. Th¢ fall¢la1 statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, th¢ ChaTitA¢s Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019. Trustees of the charlty The Directors of the charitable company are its Trustees for the pUOSe5 of charity law. Th¢ Trust¢¢s who have served during the y¢ar and since the year end were as follows: Board of management Mrs P Ackroyd Ms A Bailey Mrs A Blockley Ms L Chapman (Chair) Mr R Dougan Mr D Lambourne Dr C Pidsley (Treasurer) Ms C Plant Retired 6th August 2024 Mr D Williams Elected 3rd June 2024 Retired 3 June 2024 Company secretary Mr P Laffey Senior management team Mr P Laffey Mr A Horsnail Chief Executiv¢ Operations Manager Structure? governance and management Governing document Burton upon Trent and District YMCA ("BYMCA") was incorporated as a charitable company limited by guarantee, on 7 October 1998 and Tegistered as a CIlty on 14 Octob¢T 1999. It is governed by a Memorandum atLd Articles of Association. Recruitment and Appointment of Management Committee The Directors of the company arc also charity trust¢es for the purpose of charity law and under the company's articles are knijwn as members of the Board of Managem¢nl th¢i¢ ar¢ no other dir¢ctors or truste¢s. Under the requirements of the memorandurll and articles of association the members of the Board of Management are elected to serve for a p¢riod of three years. after wbicb they must be put forward for re- election at the next Annual General Meeting.
BURTON UPON TRENT AND DISTRICT YMCA TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR TO 31 DECEMBER 2024 The Board of Management seeks to ensure that the diverse range of services and activities provided by the charity arc represent¢d by a broad skill n]ix of its members. The Board is made up of members that have backgrounds in business, finance, legal, health, marketing and communications, human resources and experience of working with young people. In th¢ event of particular skills being lost due to Tetirements, individuals are approached to offer th¢mselves for election to the Board of Management. Trustee induetion and training Existing trust¢es are already familiar with th¢ practical work of th¢ charity. N¢w trustees are invited and encouraged to attend short induction sessions to familiaTise themselves with the charity and the context within which it operates. These are jointly led by the Chair of the Board of Manag¢m¢nt and the Chief Executive of th¢ charity and cover: the obligations of the Board of Management members. the main documents which set out the operational framework for the charity including the Memorandum and Articles of Association; and r¢sourcing and the current financial position as set out in the latest published accounts. and future plans and objectives. Inf0MtIOn and newsletters are also provided through th¢ Charity Commission and YMCA England and Wales for all trustees. All Trustees r¢c¢iv¢ a copy of the Governance & Leadership publication. Risk management The Board of Management has conducted a review of the major risks to which the chatity is exposed. A risk register is in place and is updated and approved by the Board of Trustees. Jn th¢ opinion of the TnLSt¢¢s, the k¢y risks to which the chatity is exposed are external funding sources being unavailable and the loss of statutory funding. Where appropriate, systems or procedures have been established to mitigate the risks the charity fas. Internal control risks are minimised by th¢ in]pl¢m¢ntation of proc¢dures for the authorisation of all transactions and projects. Proc¢dur¢s are in place to ensure compliance with health and safety and safeguarding of staff, volunteers. clients and visitOTS to the projects. Policies and procedures are regularly reviewed to ensure that they continue to meetthc n¢¢ds of th¢ charity and complywith stathtory regulations. Organisational structure Burton Upon Trent YMCA has a Board of Management of up to ten members who meet seven times a year. They are responsible for the strategic directio governance and policies of the charity. The Board of Manag¢m¢nt also has thr¢¢ sub-comtnittees, which consist of a Personnel Committee, a Finance & Fundraising Con)mittee, and a Housing Committce. Each sub-committe¢ r¢ports to th¢ main Board of Management. Th¢ Chief Executive and Operations Manager also sits on the Board of Management but have DO voting rights. A scheme of delegation is in place and day-to-day r¢sponsibility for the provision of the services rests with th¢ Chief Executive, Paul Laff¢y, along with the Operntions Manager. Andy Horsnail.
BURTON UPON TRENT AND DISTRICT YMCA TRUSTEES, ANNUAL REPORT UNCLUDING DIRECTORS REPORT) FOR THE YEAR TO 31 DECEMBER 2024 The Board of Trustees reviews pay for staff on an annual basis. These are measured and considered against a rang¢ of factors such as government l¢gislation. company p¢rforn]ance, budgets. and Regional YMCA pay scales. Our aims and objectives Purposes and aims The charity's objectives and principal activities are to benefit the public by promoting: housing and support for young people and adult homeless peopl¢. the redistribution or sale of donated furniture. an emergency food bank for people in crisis" and family mediation and counselling. Vision Our Vision is that everyone in our area will have enough to live on and a place to call home. This YMCA will work with others. defeating homelessness, povety, disadvantage, and intolerance. We will achieve this through enterprising solutions, promoting faith and hope. Mission We ar¢ a Christian charity comrnitted to making a positive difference to people's lives and providing a safe and supportiv¢ ¢nvironm¢nt for those who are homeless. Values We seek out- We actively look for opportunities to make a transforn]ative impact on lives in the communities where w¢ work and believe that every person is of ¢qual value. We welcome - We offer people the space tbey need to f¢¢1 s¢cure, respected, heard and valued. We look to serve others through faith, hope, inspiration and enteryrise. We inspire- We strive to inspire each person we meet to nurtur¢ their body) mind and spirit, and to realise their 11 potential in all they do. We speak out- We stand up for people. speak out on issues that affect their lives, and help them to fmd onfidence in their own voice. We serve others - We are committ¢d to the wellbeing of the communities we serve. Ensuring our Trvork delivers our aims We review our aims, objectivcs, and business plan each year. This review looks at what we achieved and the success of each key activity and the benefits they bave brought to d]0se groups of people we are set up to help. The review also helps us ensure our ain]s, objectives and activities remain focused on our stated purposes. We have referred to the guidance contained in the Clwity Commission's general guidance on public benefit when reviewing our aims and objective5 and in bu5tness platming our tUre activities. In particular, the trustees consider how planned programn]es will contrlbute to the ain]s and objectives they have set. The trustees are of the opinion that all the pu4)oses of Burton upon Trent and District YMCA are for the benefit of the public. The trustees consider that they have complied with their duties under section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission.
BURTON UPON TRENT AND DISTRICT YMCA TRUSTEESY ANNUAL REPORT ONCLUDING DIRECTORS REPORT) FOR THE YEAR TO 31 DECEMBER 2024 Aehievements and performance Furniture redistribution (Happy Homes) During 2024 our furniture redistribution service has continued to meet families, n¢¢ds in the East Staffordshir¢, South Derbyshire, Tamwortb atLdDeiby communities. Th¢ Trustees review the perforniance of the shops and took the decision to close the Tamworth Shop in November 2024. This was because footfall had dropped considerably in Tamwortb and we witnessed many retail units close nearby on the High Street. During opening times, the furnithre staff and volunteers handled a larg¢ volurne of items of rnIture and visited local homes for collections and deliveries. After safety testing, we provided many items including cook¢rs, washing machines and fridges to families and individuals in need. Additional efforts have again been required to support a larger base of families in need of essential household fillniture and effects. Food bank for the homeless The charity was able to assist with the provision of basic food, which had been donated by local churches, schools, businesses, con]munity groups and individuals. Many families and single p¢opl¢ do not have anywher¢ to turn in titnes of crisis and although support is restricted to 2-3 food bags per per50n, the charity endeavors to help in an ¢m¢rg¢ncy. Toiletries and sleeping bags ar¢ also supplied to peopl¢ who are sleeping rough. In 2024 w¢ distributed 3,075 emergency food parc¢ls to 4,075 people, of which 1,01 I was under 18. Curr¢ntly all Key Stage I school childr¢n receive free school dinners th¢r¢for¢ the impact during the holidays on family budgets can be significanL Chang¢s in b¢nefits, sanctions, new ben¢fit claims, unemploymenL impact of the cost-of-living crisis and changes to family and individuals, income were cited as to why the food parcels were needed. The food bank could not operate without the generosity of the local community with individuals, churches, schools, local businesses, Rotary Clubs regularly donating food. We also have a large quantity of food donated duTing the 'Harvest Festival, and ChTiStmas period. We also purchased food items that people could not afford to donats from donations and funds given to the Charity. Mediation for families and young people Dis¢ov¢ring potential and supporting young p¢ople describes what the charity's supported housing work is all about. It carries with it the idea of transforming a young person's life through a journey of discovery and of hope. The charity SUPPOrts young resid¢]Jts (18-35) at its two housing projccts: Milton House and Georg¢ Williams House. We understand that to help end homelessness we n¢ed to offer more than just accommodation and that we D¢¢d to tackle the underlying cause of homelessness. During 2024 we m¢t with many young people who were in danger of becoming homeless. We supported thcm with help from our outreach teatn and working with Housing Options. The aim of Family Mediation is to strengthen and rebuild family relationships so that young people can remain living in the family home. The success of the program is for our mediation to be able to facilitate the adult and young person having that 'difficult conversation..
BURTON UPON TRENT AND DISTRICT YMCA TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR TO 31 DECEMBER 2024 Early, and strategic, interv¢ntion can stop famtly disputes from escalating to the point when a young person is asked to leave home. The ages of th¢ young people range from I I to 24 years old. The types of issu¢s that families were dealing with includ¢: Unexplained development of violent outbursts, the aft¢nnath of the experience of family break-UP> Young person r¢turning to the family hom¢, Tensions in single-parent families, Young person running away, the impact of safeguarding incidents on relationships, and th¢ impact of the cost-of-living crisis. The mediation sessions help peopl¢ communicate effectively, allowing for honest and open discussion, in a non-judgmental and neutral environment. Mediation keep5 families together and helps them to communicate and build stronger relationships leading to a stable and s¢¢ure home life. As w¢ll as being able to stay at home. in a stabl¢ and loving environment, we also notice improv¢m¢nts in behavior and school attendance following family mediation. There are some circumstances when it isn't safe for a young peTson to remain at home. Mediation is not offered in these cases and the appropriate organisations are infornied to ensure the relevant support is in place. Wben a young person is still living at home but the relationship between parent, stepparent or carer has become strained, we can offer Family Mediation to help keep the young p¢rson at home, where it is saf¢ to do so. Our Mediators spend an averag¢ of five and a half hours WAth Cach family and 90% of our mediations have had a positive outcome. Supported housing Th¢ charity houses p¢opl¢ with a genuine need and always explains the project set up to them. In order that the young people are aware from the sts¢ of what they can expect, it is explained that there are rules with which they need to comply, and equally the charity has oblAgations to tbem, acting on behalf of our Social Housing LandloriL under a license agreement. Once housed. the housing staff assists with benefit applications, registering WAth a doctor, obtaining a bank account, paying utility bills, address changes. and making friends. They talk with and encourage the youngp¢rson to Work out theirplans openly andhollestly. This enables the best means of support to be deteTmined, so that they can fully discover and acbi¢vc their goals. Regular support, usually one to on¢, is given and the support programmes vary to meet each peison's needs. Most critical life skills, which include cooking* cleaning and budgeting, are covered and referral to more specialised support services arranged where applicable. Close liaison with other agencies is maintained to ensure people are ieceiving the external exp¢rtise they need to progress with their lives. The support staff and the Chaplain are availabl¢, so if a young person has a problem or issue, or just needs to see a fricndly face. they always havc som¢one they can approach. Th¢y are learning to liv¢ alone and stand on their own two f¢¢t, but if they slip, they have support staff to turn to. Three volunteer counsellors offer counselling support on a weekly basis to those young people that ne¢d th¢ service. Activities aT¢ provided, residents with mental bealth issues at¢ supported and a 'pathway' is developed to support young people grow, tbrive, and belong. Support for the young residents in preparing to move on accommodation is given. Many apply for Local Housing Association accornrnodation, and support is provided with applications. At this stsge, many ar¢ successfully engaged in education, training or employment, and again, help to think about th¢ next step is provided.
BURTON UPON TREiYf AND DISTRICT YMCA TRUSTEES, ANNUAL REPORT NcLuDING DIRECTORS REPORT) FOR THE YEAR TO 31 DECEMBER 2024 Reconnect- adult supported services At Jam¢s Court Housing Project and in paTthership with our Landlord Midland Heart, we operate a housing and support facility called Reconnect. This project addresses the complex needs of hom¢l¢ss people coming directly off the streets. With this special facility in East Staffordshire homeless people have one location where tbey can have a shower, a change of clothing, a food parcel and a frlendly person to talk to. We are grat¢fiJl to all our funders and the n]any individuals that have supported our community fundraising for the developm¢nt and running of the Reconnect Centre. Reconnect also offers 31 units of accommodation to single homeless people. Finaneial review The Net Incom¢ of £165,430, prior to accounting for th¢ uwealized gain on investments, comes from uestrICted activities. The shortfall in restricted fimds, amounting to £17,225. stems from our dedication to initiatives that go beyond the available restricted fidillg. For instance. our foodbank, which receives support from The National Lottery Community Fund- RC Midlands region grant, needed an infusion of unrestricted fimds to cope with the heavy demand for emergency food parcels throughout th¢ y¢ar. This trend is expected to persist in 2025. as the grant funding allocated through June 2025 has already been fully utilized. Additionally, our efforts to assist r¢sAd¢nts with complex needs SUasS the funding provided by the 29 May 1961 Charitable Trust grant. The surylus in Unrestricted funds, totaling £182,655 (excluding the Uealized gain on illvestments), has been primarily allocated as designated fimds. This largely represents an extended con)mitment to the operating leases for the George Williams Hous¢ and James Court properties, now set to th¢ 2027 break point rather than 2025. Our fundraising and donation initiatives continued to tl]riv¢ throughout the year, generating approxIntelY £174K to fiuld our work-an in¢r¢as¢ of more than 160/0 compaTed to a strong 2023. OUT consistent success in this ar¢a stands as a testament to our capabilities and collaboration with local businesses. charities and individuals. This achievement came even though a fundraiser, alld m¢dia and comms officer Left the ChaTity in the last quart¢r' temporary assistance was brought with a media and con]ms officer while w¢ scarch for a pemwi¢nt fundraising officer replacement. In contrast to 2023, 2024 saw a decrease in the Happy Homes furniture store trading income due to tough market conditions, similar to other Charity Shops on the High Street. The Tamworth shop shut down in early November, contributing to a total income drop of about £47L As a result, we coulthi't fully me¢t our dir¢¢t operating costs, ending up being roughly £3 IK short. Despite this, the Happy Homes Project remains a vital part of our charitable rnission. and our willingness to sustain it at this level underscores our dedication, ev¢n though we aim to at least break ¢v¢n on direct costs over time. Income generated at the start of 2025 has be¢n far more promising, and we're actively assisting our staff and volunteers in boosting sales, tIOugh increased staff training, including through gift aid recovery-and Taising awareness of our services within the broader community. Our social housing services hav¢ continu¢d to perfom] exceptionally well, achieving near-11 occupancy throughout the year. This remarkable success reflects the team's hard work and commitment> particularly when it com¢5 to turning around void properties. The 10-year operdting l¢ases for George Williams House and James Court provide lower short-term operating costs compared to the previous management agreements. We are Committed to investing in our housing properties and securing their long-tern] operation. This includes Milton House, which currently operates under a management agreement with Midland Heart. Our objective is to r¢place this with an operating lease.
BURTON UPON TRENT IIND DISTRICT YMCA TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR TO 31 DECEMBER 2024 Reserves Policy The Trustees have a policy whereby the unrestricted funds not committed in long tem lease commitments or invested in tangible fed assets (the free resees) held by the charity would be up to 3 months average annual expenditure as d¢fined in the following financial y¢ar's budge¢ excluding depreciation and doubtfi debt provision, which equates to £513,776 (2023 - £508,021). At present the free reserves, as shown in note 23, stand at £288,683 (2023 - £283,532). The trustees acl(nowledge the gap between actual and target free reserves as of 3 1st December 2024. This will be addressed by the appointment of a development manager in early 2025 to secure additional funding, SUPPOrted by a strong QI perforn]ance that suggests the shortfall will reduce in the near to medium tem]. If necessary, funds allocated for building development could also be utilized to meet operational needs. Investment Policy Sco This policy appLi¢s to all cash reserves and investments held by BYMCA, including funds placed in savings or deposit accounts, which are considered investments as per Charity Con]mission guidance. Ob'ectives Preservation of Capital: Profrct the BYMCA'S cash reserves to ensure funds are available for operational and Programmatic needs. Liquidity: Maintain sufficient liquidity to meet short-terni operational requiT¢ments and unforeseen circumstances. Income Generdtion.. Maximize interest income on cash reserves within low-risk parameters to support the charity's activities. Risk Management: Diversify deposits across multiple institutions to maxinllze Financiat s¢1¢¢s Compellsation Scheme ("FSCS") protection and minimiz¢ risk. Guidelines: Funds will be plac¢d in FCA-authoTized UK bat)ks or building societi¢s using a mix of staggered 3- OT 6- month fix¢d-terni deposits and 30- or 90-day notice accounts to balance interest income with short-tern] accessibility. We may place deposits exceeding the £85,000 FSCS limit with w¢ll-fjJnded, stable banks Witb strong credit ratings. div¢rsifying across institutions to manage risk and prioritizing low-risk, FSCS- protected accounts where possible. Ethical considerations will guide bank selection, and a portion of reserves will remain in installt access accounts to meet immediate needs. Prfineipal funding sources The Charity is registered with the Fundraising Regulator and complies with their code of practice. Income is generated by the furniture showrooms with the principal fidIng sources for the Chlty are currently by way of grants, bousing rentals, contract income from East Staffordshire Borougb Council and a number of Charitable Trusts. Our fundraising strategy now includes a whole range of activities that involve the community in local ndraisIng. As a result of the diverse services, we provide with th¢ n¢ed to continually generate income, the charity will continue to identify new opportunities for a much wider range of community ndraising initiatives. The Charity has received no complaints related to fundraising. The Charity works to protect vulnerable people and will not conductbehavior which is an unr¢asonabl¢ intrusion on a person's privacy, is unreasonably p¢rsist¢nt or placcs undu¢ pr¢ssur¢ on a person to give money or oth¢r propcty. io-
BURTON UPON TRENT AI¥D DISTRICT YMCA TRUSTEES, AIYNUAL REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR TO 31 DECEMBER 2024 Volunteers Volunteers, including our Trnstees, fonn the backbone of ow s¢rvice, and of our community, pmviding dedicated hours of their time to support people transforming their lives. During our operational activities the YMCA is tremendously privil¢ged to benefit from over 50 dedicat¢d volunteers. Their value, whilst difficult to measure in strict fanCIal terms, must be seen to be fully appreciated. Visit our shops, for example, and you will no th)ubt cxperience the benefit of what thes¢ aDwing people offer. Current and future periods The charity plans to continue the activities outlined above in the forthcoming years, subj¢ct to satisfactory funding aangeMents. The Truste¢s are reviewing our strategic plan and, in the meantime, the following areas of development remain a priority.. l. We will continue to review our strategic plan. 2. We will continue to consider and embed our 'values' in everything we do: 3. We will review our offer of accommodation and support for hon]eless people through recognising that statutory funding is time limited, and welfaTe refonn continues to impact tbe client group. 4. With East Staffordshir¢ Borough Council, we will continue to develop a partneiship to tackle homelessness at a strategic level- 5. We will continue working with the policy team at YMCA England & Wales in responding strategically to governmentpolicy that impacts supported housing> young people and homelessness and lnerable lives. 6. We will continu¢ to r¢vi¢w our risk register and mitigat¢ wh¢r¢ we can. 7. We will continue to monitor the growing n¢¢ds of the free emergency food servic¢ in Burton and supported by a network of churches, schools, community groups and individuals" 8. We will continue to recrnit, develop and equip the board of Trustees to ensure it meets the div¢rs¢ and changing needs of our community" 9. Our local fundraising plans require imaginative ways of ¢ngaging with a wide and diveTS¢ SUPPOrter base. We will continue to develop new fundraising initiatives Linked to widening the communication of our plans in meeting local people's needs; and 10. With our 17th a]mual fundtaising sleep out planned we will look to attract a divers¢ range of supporters. raising awareness of homelessness and vital funds for the charity. Auditor The auditor, UHY Hack¢r Young LLP, will be proposed for rppoIntment in accordance with section 485 of tb¢ Companies Act 2006. li
BURTON UPON TRENT AND DISTRICT YMCA STATEMENT OF TRUSTEES? RESPONSIBILITIES FOR THE YEAR TO 31 DECEMBER 2024 The Trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with appli¢2ble law and United Kingdom Ac¢ounting Standards (United Icingdotn Generally Accepted Accoiinting Practice). Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incomrng resources and application of re5011rces. including the incorne and expenditure, of the charitable company for that period. n preparing these financial slatements, the Triistees are Tequired to-. select suitable accoiintino policies and then apply thein consistently: obsei've the methods and principles in the Charities SORP. make judgments and estimates that are reasonable and prLident' state whether applicable UIC Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial sl%tements on the going concern basis unless it is inappropriate to presuine that tlie charitable company will continue in operation. The Trustees are responsible for keeping adeqiiate accounting Tecords that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the &8sets of the chai'itable company and hence for taking reasonable steps for the prevention and detection of fraud and other irrecrularities. In so far as the Triistees are awar¢: there is no relevant audit information of which the charitable company's auditor is unaware. and the trustees, having made enquiries of fellow directors and the group's auditor that they ought to have individually taken, have each taken all Steps that helshe is obliged to take as a directoi. in order to make themselves aware of any relevant aiidit infomiation and to establish that the auditor is &ware of that inforniation. Approved by the Board of Triistees on and signed on its behalf by.. Date: nn Chapman Chai 12
UHY IJHYHJck•rYou479 LLP I3 Park Row NottingP.am MGI 6GR BURTON UPON TRENT AND DISTRICT YMCA INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES FOR THE YEAR TO 31 DECEMBER 2024 Opinion We have audited the financial statements of Burton upon Trent and District YMCA (the 'charitabl¢ company,) for the year ended 3 1st D¢cember 2024 which comprise the Stat¢m¢nt of Financial Activities, the Balance Sheet, Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in th¢ir preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ircland (Unit¢d Kingdom Generally Accept¢d Accounting Practice). In our opinion the financial statements: giv¢ a ttue and fair view of the state of th¢ clwitsble company's affairs as at 31 December 2024, and of its incoming r¢sour¢¢s and application of resources, including income and expelldittwe. for the year then ended- have been properly prepared in accordance with Unit¢d Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) OSAS (UK)) and applicable law. Our responsibilities under thos¢ standards are further described in the Auditor's Tesponsibilities for the audit of the financial statements section of our report. We are independfflit of the charitable company in accordance with the ethical requir¢ment5 that are relevant to our audit of the financial statements in the UK including the FRC'S Ethic Standard and we have fillfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for out opinion. Conclusions relating to going concern In auditing the financial ststements, we have concluded that the trustees, use of the going concern basis of accounting in the pryaration of the financial Statenllt is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or condition5 thaL individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the fmancial ststanents ar¢ authoris¢d for issue. OUT responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other finformation The other inforn]ation comprises the inforniation included in th¢ annual report other than the financial statements alld our auditor's report thereon. The trustees are responsible for the oth¢r inforn]ation contained within the financial statements. Our opinion on the financial statements does not coverthe other inforntion and, except to the extent otherwise explicitly stated in our rcport, we do not express any forn) of assutance conclusion thereon. 13-
UHY UHY Hb¢k•rYoung LLP 14 Park kov* Nottpngharri NGI 6GR BURTON UPON TRENT AND DISTRICT YMCA INDEPENDENT AUDITOR?S REPORT TO THE TRUSTEES (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 Our responsibility is to read the other inforniation and, in doing so, Consider whether the other inforn]ation is materially inconsistent with the financial ststemcnts, or ourknowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstat¢m¢nts, w¢ are required to deterniine wh¢th¢r there is a material misstat¢ment in the financial statements or a material misstatement of the other inforniation. If, based on the work we have perfonned, we conclude that there is a material misstatement of this other infornlation, we are required to report that fact. We have nothing to r¢port in this regard. Opinions on other matters Prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit: the inforntion given in the trustees, report for the financial year for which the financial statements ar¢ prepared is consistent with the financial statements. and the trustc¢s' report has been prepared in accordance with applicable legal requirements. Matters on Ivhich Jve are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the cours¢ of the audit, we have not id¢ntified material misstatements in the trustees, report. We have nothing to report in respect of the following matters wh¢r¢ th¢ Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the fmancial statements are not in agreement with the accounttng records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the infonnation and explanations we require for our audit. or the trustees were not entitled to prepare the financial ststements in accordance with the small companies, rcgim¢ and tske advantage of the small companies. exemption in preparing the trustees, report and from the requir¢m¢nt to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, r¢sponsibilities statement set out on page 12, the trustees are responsibl¢ for the preparation of th¢ fmancial statements and for being satisfied that they give a tsu¢ and fair view, and for such internal control as the knstees det¢rn]ine is necessary to enable the preparation of financial statements that are free from material misststemenl whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing th¢ charitable company, ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do 80. Auditor's responsibilities for the audit of the fanCIal statements Our objectives are to obtain reasonable assuranc¢ about whether tbe financial stat¢m¢nts as a whole are free from mat¢rial misstatement, whether to fraud or error, and to issue an auditor's report that includ¢s our 14-
UHY UHYH•¢k•rYtstsh¥ LLP 14 Park R¢ Nottillgham F4GI 6GR BURTON UPON TRENT AND DISTRICT YMCA INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 opinion. Reasonable assurance is a high level of assuranc¢ but is not a guarantee that an audit conducted in accordan¢¢ with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and aT¢ considered material if, individually or in the aggregate. they could reasonably be expected to infiuence the economic d¢cisions of users taken on the basis of these financial statements. Irr¢gulariti¢s, including fraud, are instsn¢es of non-compliance with laws and regulations. We design procedures in line with our r¢sponsibilities, outlined above, to detect material misstatements in respect of iffegularities, including fraud. The extent to which our procedures are capable of detecting iThegularities, including fraud is d¢tail¢d below: Bas¢d on our understanding of the charitable company and the industy in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the charitable company, which were contrary to applicabl¢ laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on th¢ financial statements. W¢ also considered those laws and regulations that hav¢ a direct impact on the preparation of th¢ financial statements such as the Companies Act 2006. We evaluated managem¢nt's incentives and opporbJniti¢s for fraudulent manipulation of the financial statements (including the Tisk of override of controls) and deterniined that the principal risks were related to rent income, debtors and grant income. Audit procedures perfornied by the engagement team included.. r¢vi¢wing the systsms, controls and procedures of the charity relevant to the preparation of th¢ financial statements to ensure these w¢r¢ in place throughout the year. evaluating management's controls designed to pr¢vent and detect irregularities. review of th¢ financial statement disclosures to und¢rlying supporting documentstion. review of correspond¢llc¢ with atLd reports to the regulator5, including correspondence with the Charity Con]mission' enquiri¢5 of management in so far as they related to the fmancial statements. testing of journals in particular journal ¢ntri¢s post¢d by unusual users. postings with unusual d¢scriptions, postings with unusual time5 and dates and postings with unusual and material evaluating whether there was evid¢nce of bias by the trustees that represented a risk of material misststement due to fraud; challenging assumptlons and judgements made by nw]agement in their critical accounting estimat¢s' reviewing the grant tern 2nd conditions to ensure grant income is being recognised in lin¢ with the relevant perforn]ance obligations and corntly classified in line with the applicable fncIal reporting standards. reperfoming bad debt calculations to ensure bad debt provisions are appropriate" and perfomiing a detailed analytical review of in¢om¢ in totsl to ensure tbe compl¢tcn¢ss of ren¢ store and other revenue. There are inherent limitations in the audit proc¢dur¢s described above and the fither removed non- complianc¢ with laws and regulations is from the events and transactions retlected in the financial 15
UHY Maekoryoung LLP Park ky .'ottineF)m TriGI GGR BURTON UPON TRENT AND DISTRICT YMCA INDEI PENDENT AUDITOR'S REPORT TO THE TRUSTEES (CONTIfiuED) FOR THE YEAR TO 31 DECEMBER 2024 statements, the less likely we would become aware of it. Also, the rislc of not detecting a rnaterial misstatement due to fi'aud is higher than the rislc of not detecting one resulting fLom error, as fi'aud may involve deliberate concealrnent by, for example, forgery or intentional Inisrepresentations, oi. through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. http.'//www.frc.org.uldauditorsi'esponsibilities. This des¢ription forms part of our auditOL'S report. Use of our report This report is inade solely to the charitable company's members, as a body. in accordance with Chaptei. J of Part 16 of the Companies Act 2006. Our audit work has been undertalcen so that we might state to the company's rnembei's those mattel's we are required to state to them in an auditOT'S repoi't and foi. no otlLer piirpose. To the fullest extent pei-mitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we hive forined. Chris McKain (Senior Statutory Auditor) for and on behalf ofuHY Hacker Young Chgrtered Account211ts Statutory Auditor Date,. 16-
BURTON UPON TRENT AND DISTRICT YMCA STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Unre#rf¢trd Restrirt¢d UnrBrtrlrted Rwtrkte4 funds lund5 Totsl funds fund5 Total Note Incorning resources: from generated fuDds: Donations alld legacies Aetivltles for rAIsiDg fullds: Fundraising & Conuns Non housing rental income Investtnent iticome 9,241 9.241 33,373 33.373 164.984 164,984 115,650 115,650 5.963 S.963 5,850 5,8SO 12,634 192.822 12,634 192.822 1,863 156,736 1,863 156,736 From charitab ctivities: Happy Homes Hougitig Foodbank Totsl incoDthi% resources 447,650 1,262,694 8,000 247,674 25,146 280,820 4SS,650 1.510,368 25,146 2,183.986 502,329 1,117.191 875 502,329 1,362,976 24,824 2,046,865 245.785 23.949 269.734 1,903,166 1,777,131 Resources expended: Raising funds: Fundrai5iDg & 64.339 64.339 71,511 71,511 Charltable Activities Govern3n¢e costs Revaluation gain Total expenditure 1,634.008 22.164 298.045 1,932,053 22,164 1,706,657 19,828 1108.6051 1,689,391 194.934 1.901,591 19,828 1108.6051 1.884.325 1,720.511 298,045 2,018,556 194,934 Net Incomel(Pes¢) 182,655 117,2251 165,430 87,740 74.800 162,540 Unrealised gain oll investtnent 39 39 81 81 12 Transfers between fim(Lq Net Jnovement itt funds 14.0001 4,000 111,7381 11.738 178,694 113.2251 165.469 76,083 86,538 162,621 Reconci]i4tion of funds: Totsl fidS brought forward 1,377,965 171,278 1.549.243 1,301,882 84,740 1,386,622 TDt81 funds carried forsvrd 1.556.659 158.053 1.714.712 1.377.965 171.278 1,549.243 All income and expenditure derive from continuing activities. The charity has no recognised gains or 105ses other than the net ovemettt iti funds for the year. 17-
BURTON UPON TRENT AND DISTRICT YMCA BALANCE SHEEI T AS AT 31 DECEMBER 2024 2024 2023 Note Fixed asset$ Tangible &ssets Investments li 12 490,433 369 492,628 490,802 492.958 Current assets Debtors Investments Cash & cash equivalents 13 14 14 290,998 200,000 1,029,728 247.277 1,195,329 1,520,726 1,442.606 Creditors: amounts falling due within one year 15 253,697 208.852 Net Current assets 1,267,029 1,233,754 Total assets les5 current liabilities 1,757,831 1.726.712 Creditors: gmounts falling due after more one year 16 (43,119) (177,469) Net assets 1,714.712 1,549.24i Charity funds Unrestricted funds Restricted funds 23 23 1,556,659 158,053 1,377,965 l7l,278 Total charity funds 1,7l4,712 1,549,243 These financial statements were approved by the Trustees on behalf by: . and were signed on their nn chapmn rles Pidsley asurer Cha 18
BURTON UPON TRENT AND DISTRICT YMCA STATEMENT OF CASH FLOWS FOR THE YEAR TO 31 DECEMBER 2024 2023 (restated) 2024 Note Cash flow from operating activities Cash generat¢d from operations 19 213,375 118,934 Net cash flow from operating activities 213,375 118,934 Cash llow from investing activities Investment income Purchase of Cuent investments Purchase of tangibl¢ fixed assets 12,634 (200,000) 1.863 Net casb flow from investing activities 225 805 Cash flow from fmancing activities Mortgage interest paid Mortgag¢ repayments (8,545) (144,626) (16,108) (14.065) Net Cash flow from financing activities 153 171 Net Ancreasel(decrease) in cash and cash equivalents (165,601) 72.992 Cash and cash equivalents at beginning of the year 1.195,329 1,122,337 Cash and eash equivalents at end of the year 1,029,728 1,195,329 Cash and cash equivalents consists of: Cash at bank and in hand 1,029,728 1,195,329 Total cash and eash equivalents 1,029,728 1,195.329 19-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2024 Accounting policies The following accounting policies have been applied consistently in dealing with items which are consid¢red material in relation to the charity's financial ststements. (a) Basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the histori1 cost convention and in accordance with Accounting and Reporting by ChltieS. Statement of Recommended Practice applicable to charities pr¢paTing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019 affecting reporting periods beginning on or after l January 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it appli¢s from l January 2015. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements prcscnted in sterling which is the fLmCtional currency of thc charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these fanCIaL statements are set out below. These policies have been consistently appli¢d to all years presented unless otherwise stated. (b) Going Concern The trustees consider tbat there are no material uncertainties about the cEItable company's ability to continue as a going concern. The most significant area of consideration is the the l¢vel of income which n¢eds to be raised each and every year and is covered in more detail in the financial review and risk management sections of the trustees, annual report for more inforniation. Accordingly. they continue to adopt the going concern concept in preparing these fllwicial stat¢m¢nts. (c) Fund accounting Unrestrictedfvnds Unrestsicted fidS are available for use at the discretion of the Trust¢¢s in furtb¢rance of th¢ g¢n¢ral objectives of the charity and wbich have not been designated for other purposes. Designatedfunds Designated lldS comprise unrestricted ndS that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in th¢ not¢s to the financial statements. The Trnstees have designated a value equal to fixed assets less related loans, to reflect the capital of the organisation. This will move annually in lin¢ with th¢ mov¢m¢nt of th¢ rapitsl assets of the charity. Restrictedfunds R¢strÈ¢ted fi]nds arc funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such fi]nds are charged against the specific flmd. The aim and use of each restsicted fund is set out in the notes to the financial statements. They are accounted for separately and the fjjnds are held in the general bank account. -20-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 (d) Income All income is included in the Statement of Financial Activities ("SOFA") when the charity is legally entitled to the income after any performancc conditions have been me¢ th¢ amount can be measured reliably, and it is probable that the income will be received. Legaci¢s - entitlement is the ¢arli¢r of the charity being notified of an impending distribution of the legacy, or the legacy being received. Donated facilities are included at the value to the clwity where this caa be quantified. and a third paty is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Grants for immediate expenditure aTe accounted for when they becon]e receivable. Grants received for specific puo)oscs are treat as restrict¢d funds. Grants restricted to futu accounting periods are defeTr¢d and recognised in those p¢riods through restricted funds. Happy Homes shop income is r¢cord¢d within the accounts on r¢c¢ipt of payment. Donations. fundraising and voluntary income are accounted for gross when received. (e) EIpenditure All expenditure is accounted for on an accrnals basis. (D Allocation of costs Costs are allocated between expenditure categories according to the nature of the cost. Where items involve more than one category. they ar¢ apportioned between the categories on a basis consistent with the staff time. (g) Operating Icases Rentals applicable to op¢rating leases are charged to the SOFA over the period in which the cost is incurred. (h) Support Costs Support costs includ¢ the cost of the governance arrangements of the charity such as external audit, legal advice for Trustees and costs associated with constitutional and statutory complian¢¢, as well as raarketing communications, PR and managcment accounting support. Support costs are allocated across the association's client facing activities bas¢d upon consideration of the Support function's time and effort involved with each departm¢ntlactivity. This takes plac¢ during the budgeting process. (i) Tangible fixed assets and depreciation Fixed assets for use by the charity are capitalised at cost. where acquired. or market value as determined by the Tntee5 where donated. They are stated in the accounts at cost or original value less depreciation. Depreciation is calculated to write off the cost of valuation of tbe fixed assets, less their ¢stimated residual valu¢. over their expect useful lives on the following basis: -21-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMEwfs (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 (i) Tangible fixed assets and depreciation (continued) Freehold land Freehold propety Housing project equipment Equipment (excluding computers) Computer and n¢tworking ¢quipm¢nt Furniture, fixtures and fittings Motor vehicles Happy homes Equipment Not d¢pr¢ciated 10/0 straight line basis IOO/o straight line basis IO% straight line basis or life of the project if project r¢lated 250/0 straight line basis or life of th¢ project if prnject related 200/0 straight lin¢ basis on asset by asset basis 10 % straight line basis 200/0 Straight line basis on ass¢t by asset basis (i) Pensions The charity operates defined contribution pension scheme. The assets of this scheme are held separately from those of the charity in independently administered funds. Contributions for the year are charged in the Statement of Financial Activities. (k) Taxation The company is considered to pass the tests set out in Sch. 6, para. l of the Finance Act 2010 and therefore it meets the defmition of a charitable company for UK cooration tax purposes. A¢cordingly* the company is potentially exempt from taxation in respect of income or capital gains r¢¢¢iv¢d within categories covered by Pt. I I, Ch. 3 of the CoLporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. O) Cash at bank and in hand Cash at bank and cash in hand includes cash and short tern] highly liquid invesiments with a short maturity of tbree months or less from the date of acquisition or opening of the d¢posit or similar account. Where deposits are made for a temi greater than 90 days from the balance sheet date. these are shown as ¢urr¢nt asset investments rather than cash. Donations and Legacies 2024 2023 Unrestricted Re$trieted funds funds Unrestricted Restricted funds funds Total Total Donations & L¢go¢i¢5 Foodbank donations 999 8.242 999 8,242 507 32,866 507 32,866 9,241 9,241 33,373 33,373 Gift aid on fiwniture donations is included within income from charitable activities in note 4 below
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEIVIENTS (CONTINUED) FOR THE YEAR TO 31 DECELVIBER 2024 Grants receivable 2024 2023 Unreitrlctod R¢$tri¢ted Ullre*lrlcted runds Total rulld5 R15trlcted lunds Total Housin Conllnunity Foundation- J&0 Lloyd fijnd PosilivePoihways Leathersellers Wellbeing Hub National Lottery Community Fund- RC Midlands Region Floaling Suppori & Reconnect services Het Smith Foundation ImprovingLRve3 29 May 1961 Charitable Trust Ctsmplax Needs supporl ESBC NavigatorlErnergency beds grant Total Housing 10,000 10.000 25,000 25.000 25.000 25,000 104.674 104,674 97,785 97,785 60,000 60.000 60,000 60.000 5.000 5,000 78,000 78,000 78.000 78,000 25.000 247.674 272,674 25.000 245.785 270,785 Foodbgnk To assis¢ Foodbank National Lottery Community Fund- RC Midlands Region Foodbankxupporl Groundworks Grant Sainsbury$ Neighbourly Grant Total Foodbank 25,146 25.146 23,949 23,949 375 500 875 375 500 24.824 25.146 25.146 23,949 H2 Consolidated Charities of Burton- Van Purchase Foundation Derbyshiie Total Happy Homes 8.000 8,000 1.000 1.000 8,000 8.000 1.000 Totsl Grants Receivable 25,000 280,820 305.820 26,875 269.734 296,609 -23-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL sTATElNTs (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 Income from charitable activities 2024 2023 UttY*itrkted Unrestrlcted fund$ RÈ%trl¢ted fmnds Total di MeitrI¢ted funds Total Housing: James Court Milton Hous¢ George Williams House Grants Service Level Agr¢¢tncnts Othcr In¢ome 537,761 324,162 325,568 25,000 49,903 300 1,262,694 537,761 324,162 325,568 48,524 49,903 300 23,524 1,286,218 472,542 297,369 297,840 472,542 297,369 297,840 42,903 24.122 318 42,903 1,135,094 23,524 42,903 24,122 318 1,092,191 Free to resident services: Wellbeing hub grants Other resident services 65,000 65.000 25,000 70,000 95.000 159,150 224,150 159 150 224,150 132,882 202,882 132 882 227,882 25,000 Total Housing Happy homes: Store sales Grants Service Level agreements Gift aid on furnitur¢ donations Otber itieom¢ Total Happy home$ F•odbanL. 1,262,694 247.674 1,510,368 1,117,191 245,785 1,362,976 429,538 429,538 8,000 1,418 480.841 1,000 2,808 480,841 1,000 2,808 8,000 1,418 16,414 280 447,650 16,414 280 455,650 17,680 17,680 8,000 502,329 502,329 25.146 280,820 1.991,164 875 1,620,395 23.949 269,734 24.824 1.890,129 1.710,344 Investment Income 2024 2023 UrLreJtrlcted Unre5trlrt¢d funds Roitrlrttd hnds Totsl fuDdi R¢Jtrlctrd funds Totsl Interest on deposits Investtu¢nt dividend 12,612 22 12,612 22 1.846 17 1,846 17 12,634 12,634 1,863 1.863 -24-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 Staff costs 2024 2023 Salaries and wages Social s¢¢urity Costs Pension costs 1,121,407 83,690 23,579 1,051.971 82,975 20,555 Total direct employment eosts 1,228,676 1,155,501 Other staff related costs: R¢¢ruitment and training Trdvel expenses 27,071 7,662 35,932 6,970 34,733 42,902 Average number of employees 55 52 l employee rec¢ived emoluments of more than £60.000 but less than £69,999 (2023 - 1). Two (2023 - 2) members of the Senior Leadership Team served during the year. The aggregate payroll, social security and pension cost of the Senior Leadership Team was £120,908 (2023 - £117,484). Trustees remuneration and expenses In the cuttent and prior year, no remuneration was paid or is payable out of the funds of the charity, either directly or indirectly. to any Trustees or to any person known to the CODnected to any Trustees. In the current year there were no expense reimbursements made or due to Trustees (2023 - nil). Trustee indenmity insurance is maintained by the charity. 10 Net incomel(expenditure) Note 2024 2023 Net incomel(expendiiure) foT the year is stated after charging: Rent due under operating leases Auditors. remuneration- audit servic¢s (¢x¢luding VAT) Depreciation of fed assets Loss on disposal of fixed assets 148,488 7,600 23,850 16,784 196.722 76,016 7,250 22.539 li 105,805 -26-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEllNTs (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 11 Tangible red assets Fixtsre4 fitljny Dlll¢È & Happy hDmei eqwipro¢llt Frerhom prnpèrty HouslDgproloet Computer equlpment Motor veblcles Total Cost At l January 2024 Additions Disposals 390,000 28,281 75,815 1,314 (2,851) 49,057 3,745 74,029 617,182 33,380 38,439 (25.065) (27.916) At 31 December 2024 390,000 28,281 74,278 52,802 82,344 627,705 Deprecfiation At l January 2024 Charge for the year Disposals 18,171 2,188 48,758 4,969 (1,307) 30,177 7,165 27,448 124,554 7,577 23,850 (9,825) (11.132) 1,951 At 31 December 2024 1,951 20,359 52.420 37,342 25,200 137,272 Net book value At 31 December 2024 388,049 7,922 21.858 15.460 57.144 490,433 At 31 Decemb¢r 2023 390,000 io,iio 27,057 18,880 46,581 492,628 Included in the cost of freehold property is land with an estimated cost of £194,866 (2023 - £194,866) which is not depreciated. Assets are all used for charitable purposes. A revaluation of the freehold propety took place on 6 December 2023 and was undertaken by Rushton Hickn]an Limited, propety agents and chartered surv¢yors based in Burton upon Trent and is based on vacant possession. Under the historic cost Conventio the caTrying value of the freehold propety at December 31" 2024 would be £518,297. -27-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONfINUED) FOR THE YEAR TO 31 DECEMBER 2024 12 Investments Listed Investments - Valuation 2024 2023 At l January 2024 Revaluation 330 39 249 81 At 31 December 2024 369 330 13 Debtors 2024 2023 Trade debtors Oth¢r dcbtors PrepanentS and accru¢d income 84,852 169,679 36,467 52,218 156,632 38,427 290,998 247,277 14 Short Tern) Investments DuTing the y¢ar, the charity invested cash in short-tern] fixed deposits to generate additional interest income. Thes¢ d¢posit invesiknents atnounted to £400,000 at the year end, which ar¢ analys¢d bclow. 2024 2023 Cash equivalents.. Maturing in March 2025 200,000 200,000 829,728 Cash on deposit 1,195,329 1.029,728 1,195,329 Current asset investments: Maturing in May 2025 200,000 In January 2025, the charity deposited a fi]rther £312.000 in 30-day and 95-day notice period accounts. 28-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 15 Credltors: amounts falling due within one year 2024 2023 Mortgage loan Trade cr¢ditors Other creditors Other taxation and social security Accruals and deferred income 4,375 12,268 158,165 21,075 57.814 14,651 7,940 73,929 23,490 88.842 253,697 208,852 The mortgage is secured against the property to which it relat¢s. 16 Creditors: amounts falling due after more than one year 2024 2023 Mortgage loan 43,119 177,469 Mortgage mathrity analysis: Due betw¢en one and two years Due between two and five years Due after five years 4,733 16,845 21,541 16,032 57,374 104,063 43,119 177,469 The mortgage has an interest Tate of 3.50/0 above base and is due to be thlly repaid in December 2032. The mortgage loan is S¢red on the charAty'S freehold property at 24 Borough Road, Burton upon Tr¢nt. In April 2024, an additional payment of £137,378 was made to reduce the total interest payable over the loan period, substantially reducing monthly [aYmentS. The total interest paid in the year amounted to £8.545 (2023-£16,108) -29-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 17 Operating Lease Commitments Non-canc¢llable operdting leases relate to land and buildings and equipment. At 31 December 2024 th¢ charity had minimum lease payments under non-cancellable operating leases as set out below: 2024 2023 Within one year Within two and five years Greater than 5 years 142,007 279,031 149,279 225,646 15,000 421,038 389,925 In 2023, lease commitments were assessed based on the assumption that two property l¢ases would expire in 2025 if their resp¢ctive break clauses were exercised. However, following a recent revAew the trustees and manag¢ment now expect the leases to continue to the next break clause in 2027. 18 Pensions Defmed Contribution Scheme Contributions charged duTing the year total £23,579 (2023- £20.555). £5,593 is outstanding as at the year- end (2023 - £6,049). Th¢ balance is included within other creditors. 19 Reconciliation of net income to net cash flow from operating activities 2023 (restated) 2024 Net movement in funds for the year 165,469 162,621 Depreciation Loss on disposals and write offs Revaluation of fr¢¢hold propety Tnv¢stsn¢nt income Mortgage interest paid Gain on inv¢stsnent Increas¢ in debtors Increase in creditors and provisions 23,850 16.784 22,539 48,166 (108,605) (1,863) 16,108 (81) (58.864) 38,913 (12,634) 8,545 (39) (43,721) 55,121 213,375 118,934 The 2023 year has been T¢5tated to T¢flect the cash mortgage repayments made from the movement in creditors. 30-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 20 Change in net debt Otbermonvcssh 31 DctembeT I JAJbu*ry 2024 Cisb Ilowy tbaDg 2024 Cash & equivalents 1,195,329 34.399 1,229,728 1,195,329 34,399 1,229,728 Loans falling due within one year Loans falling due after more than one year (14,652) (177,469) 7,249 137,378 3,028 (3,028) (4,375) (43,119) 1,003,208 179,026 1,182,234 21 Transactions with Trustees or other related parties Th¢r¢ were no material transactions with Trustees or other related parties during the year. 22 Company limited by guarantee The charity is a company limited by guarantee and as such does Dot hav¢ a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of the same being wound up whil¢ he is a member. or within one year after he ceases to be a member, for payment of the debts and liabilities of the company contracted b¢for¢ h¢ ceased to be a member, and of tbe costs, charg¢s and ¢xpenses of winding up, and for the adjustment of the rights of tbc ¢ontributories among themselves, such amount as may be required, not exceeding £1. 23 Movement in funds Deslgnated fllnds- capital assets Th¢ Trustees have designated a valu¢ equal to f]xed assets less related loans to reflect the capital of the organisation. This will move annually in line WAth the movements of the Capital assets of the charity. The transfers between the designated and unrestrict¢d funds ar¢ in order to reflect this. Designated fllnd$- lease commitments These reflect the minimum tUre commitments on existing operating leases per note 17. The transfers between the designated and UDrestricted funds are in order to refl¢ct this. 31
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEIIR TO 31 DECEMBER 2024 Designated funds- development projects The Trustees have set asid¢ £404,000 towards fiiture planned developments. This could include a possible contribution towards the purchase of ¢xisting leased properties by a partner YMCA to secure Burton upon Trent YMCA'S housing services for the long terni. Restricted funds These funds can only be applied for purposes. as specified by th¢ funders. They are accounted for separately and the fimds are held in the general bank account. See b¢low for details of each restricted fid. Transfers between funds During the year, a nct amount of £4,000 was transferred between unrestricted and restricted funds. This includes: £9,806, originally donated by ESBC in 2019-20 to fund the night shelter. Following approval from ESBC, the remaining balance was repurposed to support the association's ongoing provision of essential equipment for residents moving into YMCA accommodation. £8,000, received from Consolidated Cbaritics of Burton toward the purchase of a new van. As the acquisition of the van fulfilled the restriction attached to the donation, the fimds were transferted to unrestricted reserves. £931, transfetred to restricted funds to support additional spending from the Foodbank restricted fimd, provided by the National Lottery Community Fund- RC Midlands Region. This portion of the fimd has now been fully spent, and as the funding received to date was intended to cover the period to June 2025, further overspending is expected. £20,875, transfctrcd to restricted funds supporting the funding from 29 May 1961 Clwitable Trust and dealing with the additional complex needs of our residents. -32-
BURTON UPON TRENT AND DISTIUCT YMCA NOTES TO THE FINANCIAL STATEMENTS (coNfINUED) FOR THE YEAR TO 31 DECEMBER 2024 23 Movement In funds- sumnlary Current year Komureu l J*tturLry 2124 royourus Transfo 31 Dc¢ 2024 Unrestricted funds General ndS ("fr¢¢ r¢s¢rv¢s') Total free reserves 283,532 283,532 1903.205 1,720,511 177 543 1,903,205 (1,720,511) (177,543) 288.683 288,683 Designated funds Capital assets Lease committnents Development Projects 300,508 389.925 404,000 142,430 31,113 442,938 421,038 404,000 Total unrestricted funds 2024 1,377.965 1,903,205 (1,720,511) (4,000) 1,556,659 Restricted funds Community Foundation (J&0 Lloyd Trnst) Positive Pathways East Staffordshire Borough Council Rough sleeper outreach ESBC grant New Emergency bedf & Navigator grant National Lottery Community Fund - RC Mi(llands region HeDry Smith Foundation Ipnproving Lives Consolidated charities of burton Van purchase 29 May 1961 Charitable Trust Supporting Complex needsprovision Total restricted funds 2024 10,000 (2,795) 7,205 9,806 (9,806) 16,281 78,000 (78,353) 15,928 67.565 129,820 (138.198) 931 60,118 67,626 60,000 (52,824) 74,802 8,000 (8,000) 5,000 (25,875) 20.875 171.278 280,820 (298,045) 4.000 158.053 Total funds 2024 1,549.243 2,184,025 {2,018.556) 1,714,712 33-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 23 Movement in funds (continued) Comparative Ineorntng Reiources 31 Doccmb l J9nuAry2023 iourus ¢xp¢DdÈd TrallSf¢rs 2023 Unrestricted funds General fldS ("free reserves") Unrealised gain on investtnent Total free reserves 379,992 1.777,131 (1,689,391) (184,281) 81 1,777,212 (1,689,391) (184,281) 283,451 81 283,532 379,992 Designated funds Capital assets Lease commitrnents D¢v¢lopment Projects 230,910 286,980 404,000 69,598 102,945 300,508 389,925 404.000 Total unrestricted funds 2023 1,301,882 1,777.212 (1,689,391) (11,738) 1,377,965 Restricted funds Community Foundation (J&0 Lloyd Trust) PoJilive Pathways East Staffordshire Borough Council Rough sleeper outreach ESBC grant New Emergency bee£Y & Navigator grant National Lottery Community Fund - RC Midlands region H¢nry Smith Foundation Improving Lives Total restricted funds 2023 10,000 10,000 9,806 9,806 16,013 78,000 (89,470) 11,738 16,281 121.734 (54.169) 67,565 58,921 60,000 (51,295) 67.626 84,740 269.734 (l94,934) 11,738 171,278 Total funds 2023 1,386,622 2,046,946 (1,884.325) 1,549,243 -34-
BURTON UPON TRENT AI¥D DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 24 Analysis of Funds Current year Curr¢nt Non4urrellt Flxod ssitts Current NsJrf1 mablut$ li4bill6ei Totsl Unrestrict¢d Designated R¢stricted 369 490,433 537,636 825,037 158,053 (249,322) 288,683 (4,375) (43,119) 1,267,976 158,053 490,802 1.520,726 (253,697) (43,119) 1,714,712 Comparative Curreht T4on411rrent Ftsed •ss¢ts Currtntw¢15 MAbllidti Tol•l Unrestricted Designated RestTiCted 330 492,628 477,403 793,925 171,278 {194,20I) 283,532 (14,651) (177,469) 1,094,433 171,278 492,958 1,442,606 (208,852) (177,469) 1,549,243 25 Description of funds The Community foundation for Staffordshire - The J and O Lloyd fund- Positive Pathways The fund has generously allocated £10,000 to bolster our focused efforts in engaging with young individuals for favorable outcomes. Research indicates that the younger someone expIenceS homelessness, the higher the lik¢lihood of recurrAng instsnc¢s. Early intervention is vital in breaking this cyclc. and it involves offering a variety of activiti¢s. Through Positiv¢ Pathways. w¢ will actively collaborate with young indivAduals to transition from support¢d housing to independent living. This initiative aims to diminish th¢ risk of homelessness ¢1)rnIng a persistent issue. East Staffordshire Borough Council- Rough Sleepers OutreachlDight shelter ESBC granted authority to redirect the balance of funds donated during 2019-20 funding the night shelter, to the association's ongoing provision of equipment essentials to those residents moving into YMCA accommodation. Th¢re are no tern and conditions associated with this authority, 80 the balance was transferred to unrestricted fids. East Staffordshire Borough Council- Housing Navigator and Emergency Bed Space Th¢ charity is contracted to provid¢ an emergency bed and intensive support to homeless p¢ople including entsenched rough sleepers. The aim is to b¢ able to enable a move into suitable accommodation while providing support for 12 weeks, or lollg if in supported accollllnodation. 35-
BURTON UPON TRENT AND DISTRICT YMCA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR TO 31 DECEMBER 2024 Consolidated Charities of BurtOD This funding assisted the purchase of one of th¢ two vans acquired in the year. National Lottery Community Fund- RC Midlands Region This fimding, s¢cured in July 2023 for a tbree-year teTm, bolsters BYMCA'S css¢ntial services to the most vulnerable members of our community. It empowers us to ¢nhance our support for rough sleepers and homeless individuals, facilitating crucial evening and weekend assistance for residents. Moreover, it enables the deployment of a floating support worker across our accommodations, along with a Foodbank coordinator and provisions to address the growing demand for food aid. Henry Smith Foundation- Improving Lives This is a valued family mediation and counselling service used extensively by YMCA clients and members of the wider community. Th¢ mediation service works closely with other agencies who refer into our service, along with local family support services and Staffordshire police. The counselling service is operated by a qualified counsellor and a number of volunt¢¢rs d¢veloping their skills and cxp¢rtis¢ in th¢ profession. The original grant was awarded for a period of three years, and along with mediation and counselling staff also includes volunteer costs associated with th¢ project. The cutrent funding expires in June 2022 and another application is CUTTently being processed. This would allow a Continuation of funding for a filltb¢r three-year period if successful. 29 May 1961 Charitable Trust- Complex needs The trust supported our investment in residents by helping us to provide p¢rsonalized development opportunities for residents, tackling their complex needs and helping to build self-esteem, connections with others and detern)ine a sense of PUTpose for a brighter future. Whilst no promises are give the trust have signaled their intent to support our work for a further 2 years Leathersellers Unrestricted funding- Complex Deeds Thanks to the valuable conllnitsnent of this unrestricted fund over a 4 year period w¢ have great flexibility in how w¢ invest the fund in support of our residents needs. In 2024 we invested the funds to support younger residents with more compl¢x needs, helping to reduce chances of repeat bomel¢ssness. 36-