Homes and Communlties 4ency re8lstratSon number.. H4246 Company re8iStr4tion number.. 3817056 Charlty re8istratlon number,. 1078728 Bournemouth yo8 Men's Chrlstlan Ass(Klatlon Consolldated Flnan¢lal Statements for the Year Ended 31 March 2024
Bournemouth Youni Men's Chrlstlan Assocl•tlon Flnanclal St•tements lor the YearEnded JI March 20Z4 Cont•nts Ply Reiistered Soclal Hous1 Provbdor Inlorrn•ti¢Yb Trustees Aeport 23 Independent Audltorfs Report 24-27 5t•tement of Cornprehensl¥e IoMe 28 8alanc• Sh••ts 29 Stitement of Chanles In EqltY l R•serv•s St•ternent of C•sh Flows 31 Notej 10 th* Flnanclal St•tementS 32.48 Pale 2
rn•m¢Juth Youni M•n's Chrlstl•n ladItI¢ R•ih5t•r•d Prv4ld•r Inl•xm•ll lor the Yeaf Ended 31 Marth 2024 Hom•s •nd Communltl•s 4•rty rnWstrlffj nwnb H4246 Comp•ny I11111110n numb•r 3817056 th•rlty re8lstratlon number 1078728 M•mb•rs olth• bo•rd Rkh•fd Elms Ichalr) Colln Hartland Davld Wllll•ms Thomas Southiaie lappolnted 20 Octobèr 20231 Bruce Viney lappolnted 20 O¢tobei 20231 Andrew Dobb1Tr5 lappolnted 20 October 2023) s1ftn Potterton Mark Petr•uth•5 Ellne Cowley (reined 30 J•nuary 20241 S•u•tsry Ronn1 6uil•r CEO Gieth 5herwood R•ihi•Md offl Oelts House 56 Westover Ro•d Bournemouth BHI 28S Avdltor Wird Goodmin Audll SeThlces Llmlted 4 Ced•r Path, Coltham Rood ferndown Industrl•l Est•ie Wimborne 8H217SF Sollcltor Dutton Greg 48150 Parkstone Road Poole BH15 2PE B•nke Natwest The Square S Old Christchurth Road Boumemouth Dors•t 8HI IDU P4e3
Bournemouth Youni Men's Chrlstl•n Assodatlon Trustees report lorthe Yoar Ended 31 March 2024 The purpose ol this report is for Bournemouth YMCA'S Board of Tfljstees to present rts •udlted lInal•l sutements for the ye4r ended March 2024. which have been prepard Sn accordance wlth the statemeni. ObS•cllv•s •nd Afilvld The Charitie5 area of a¢ti¥lly. lo further Its purpose for the publlc beneflt. conllnues lo operite In Social Housln& Chlldren and Firnily Work. Youth Work and Health and Fiiness Wofk wSth the aim beini to make a positlve lrnpact on •nd ultlm•tely ch•w• ople's lfve5 for the better, 8ournefflouth Youn8 Men's Chrlsllan Assotiatlon Is • ch•rlt•ble Hous1 Assoclatlon Incorpor•ied as • company Ilmiied by iuar•ntee and reil3tered wvth the Homes •nd Ci)mmuniiles Aithcy, 1115 8(wemed by its Memorandum and Artlcle5 ol As50clation, YMCA'5 Vlslon In Enilènd and Wales Is of an Incluslv• Christl•n m¢)vornent tr1nsfofm1 tommunlJe$ 50 that •ll people r•n lon& Contrlbule and thrlve. Struclur•, Gty•em•ne• •nd M•n•i•m•nt 8otsrnemouth YMCA Is ioverned by Its M•mor•ndum iod Artlde5 01 A550cl•tlon. Thls Includes the P•rls 8•515 of the YMCA 1855 The YMCA seek to reuniie ttrSe who, re8ardin8 Jesvs Chrlst as thelr God and Savlour iccordine lo the Hol¥ Scriptures, doslr• to be His disciples In ihelr faith and in thelr Ille, and to a5soclate their efforts to the exttnslon of HIS Kinldom." Trustee5 Ire elecred Full Members of the Assoclation •1 ihe Annual General M•etin4. Th• 8o•rd of Trustees have power of co-optlon, up to one thlrd of lis numbers duflnl the yr ind suth pern co.optsd •re eliiible lor elecllon at the next AGM, A revlew of the milor rlski to which the Charlty Is exposed Is Urertaken •nnualty and systems establlshod to mltliatt thost rlsks. The continual updatini of Pollcle5 and Pro¢edures remalned i kty prlortty to8ether wilh ihe Risk Ae8i5ter. Key Perlormance Indicators are set for each Dep•rtment Ind L41tlmaiely drilled down to the performance of each ind1vidlI. &0411 AppTils•ls are urtdert•ken whlch illows for • corrtlnulni •55sment of performatKe •nd corrective irtion If requirtd. Rder•fiu and Admlnlsirill¥• Del•lli Charity N•me'. eournernouth YMCA Ch•tity Number.. 1078728 Compiny Reilstr•tlon Numbèr: 3817056 Houslni Assocl•tlon Number; H4246 Reilstered ALldress: Della House 56 Westover ftd Bournemouth BHI 2BS Dlrectors and Trustees.. Akhird Elms Ichlrl Colin Hartland O•vld Wllll•ms Elaine Cowley IresliDÈd 30 january 20241 Andrew Dobbins lappointed 20 Ottobef 20231 Bruce Vlney lappointed 20 October 20231 Thomas Southgate lèppolnted 20 October 20231 Slmon Potttrton Mark Petfausk•J Company Secrelary: Ronnie 8uiler Plie 4
Bournemouth Youn8 Men's Chrlsilan Asso¢l•tlon Truslees report for the Year Ended 31 Marth 2024 The Board of Trustees delesate day to day responsibility to the thef Execvtlve Offlc•r. Gar•th Shèrwood. The Trustees hove had regard to Chaflty Commlsslon iuldjnce on publ1¢ benefft. R•¢rultm•nt and •ppo5ntsn•nt aln•w trust••s Board members are recruited with the assistance of • skills m•tri¥ for need and experfence requlred on the 8o•rd at ihe tlme. All Board members must be Chrlstl•ns •$ per the artlcles below and are recruited from the lull fflemberslmp of the Assoclitlon. 8o•rd rnernbers Ire vot•d an to th• Board at the Annual AGM meetlng and 411 conslst of between &12 people. Polld•s •nd Pr•$ lor Inthirtlon •nd tr4nlry ol tfUSt••5 Trustee Inductlon Pfocedures Include key documents. supp)rt from fellow trustees, Introductlon5 to m•n•4emeni Ind front Ilfi• staff. • netini wlth other trustees. prnI1nnlry ¥ttend•nce of • Immrd meetlni. Ind Invllatlons to meet benellclarles, seryke usefs, and supporters. Tr•lnlw Includes s•fe4w•rdlM. GDPR. h•alth and safety and specific trilnlry for trL•slees In •reis ol IrnancI and Ilninct. Arr•ni•m•nls lor selt p•y r•mun•r•ilon ol kny mww•ffl•nt p•nonnd and •ny b1nthm1 p•r•m•t•rs cq ult•rl• A benchmlrklni exerclse takts pl•c• In Q3 kn prep•r•tlon foi the bud¢et Settl process •t the ol Q4. When settlni p•y • number of p•r•metefS are consldefed. Includlni lor eunwl•: the cost ol Ilvlni, lInI w•ie. lob role responslbllltles, IntIOn ind afford•blllty. Rlskj The m•lor rlsks durlni the perlod were the fln•ncl•l and opor•tJM•l p•rformirtc• to the irowlni Imp•ct of rli•ni Inflitlon, the ltiacy of the pandtmic, the c051-of-1Svini crisis. Ind th¢ war in UkfJlne,' specllk•lly ca5ni Intreases to cost of m•terl•ls, a rnore competltlve lundr•151ni en7Aronment. f1s1 costs and utllitles •nd reduction in custorner confiden<e. There wis •lso the impacl of staff ¥ic•ncles natlonally ind l(Kalfy and supply ch•lns •flected by v•ilous natlonal and inter1111 cri$15. The •ccountlni perlod for thls report cowerj twelve months from A Aprtl 2023 to 31 March 2024. Durlni 2023124, we <ontlnued to be lrnp•cted by the flse In uilllty costs ind the Increase In dem•nd fw our support seThlces speclflc•lly. We were however able to take ov•r th• rnanai•ment of the Oayslde FltTress Centre Iformerly Fltness Flrsi, Pool•l whlch ilso brlny some rlsks as we look to make It • financlally sustsln•ble p•rt of our ch•ritable activltles. 8udiet prolertlons were reviewed rewlirly Ind tbiht control rem•lned oft •re•J ol eXpendItle to ensure i solld c45h posltlofi. Follow1 plann1 permlsslon belni iranted for the dtvelopment of We5to¥er Road we mo4ed fonvird the pl•ns io hopefully commence th• redt10pment In the next AN111 ye•r, unleJJ ihere IJ • ch•ny In itrateiic need from the Ioc41 •uthorlty. We continued to search for fundlni opportunltle$ Ind •vill•blllty of ir•nts to help In varlous •reas of our work. but It Is becomlni harder to attract funds due to Increased competltion and our need to accurnulate reserves to develop our houslna portfolio. Health and Fitness memberships- increised footlall •nd membershlp it our prlm•ry letsure sl1 r•Khed 110% ol pre-pandemic Imls We recelved conftm•tk)n ol (ontlnulng as lollows.. - He•lth •nd FStness Meml)efshlpi. Increase foorf•ll •nd membefJNp •t auf prlfflary lelxxe slte - Chlldren's centre cMir•ctS Wef• ren*ed for the whole yeir SP fundini for houslni - Early years lundinl for funded children in pre-school The followlni pales are a snapshot of ihe wort undertaken in 202312024. Page S
fol i) ,Ip IJ fji Page 6
111 P4y7
v v v Ill Itf Plie 8
111 flf Pay9
kl. 111 Pale 10
oo 111 fll Pay 11
*+ i. Pale 12
ij Pale 13
111 P•ie 14
111 Pa8e IS
111 Pale 16
Bournemouth Youn8 Men's Chrlsrlan Assodatlon TNstees report lor the Y•¥r Ended 31 Mar¢h 2024 An•nd•l R•b4ew The surplus ol Income lor ihe year was £340.(KKI lor the iroup IU43.IW for B¢)urneM0h YMCA •lone) belorn acc¢ntIn8 • loss on revaluatlon ol fredld property. leadlnK to an overall deflclt of £397k. Llke all charlties thai rely lundini don•tions Js •n essentlal part of Itj IncNne ieneration. YMCA 8oumtmouth hJ5 eMper6tnced redurtlons In contract v•lues over rKenl ye¥fS as well Is some shortl•lls In ir•ni lundlni. We h•¥• beern very successful In •chie¥iry 50rne addit•on•l iTrnts In 2023124, •5 lollows: Funder Charlty BMYCA Afflount 1£) 7,284 BCP Food & Ener Support Fund Rough sleepers Jupported bv Healthbus SauthErn Coop vl• Nelghbourly Winter Fund 8MYCA To provlde warm spxe meals I,s The Halbard Charrtable Trust 8MYCA flunnl costs Counselllni Counselllni Counselllni Counsolllni rip Sol•J co.op Communlly Fund The John Horsem•n Trust AlTrce Ellen Cooper Dein The Benel•d Trust The Percy Bllton Ch•rlty BMYCA 6C BMYCA 10,000 10,000 24.000 BMYCA BMYCA BMYCA Val•niln Trust BMYCA Chlld C(rt•rt Centrei rnnnlni costs 15,000 Mol Accredlted Supp¢Mted Cenire Grant Mol Accredlted Supported Cenire Grant 8CP Thrlvlni Communlties- prity BMYCA The StouTh•le C•ntre Cont•ct Centre Townsend Contact Cenire 2,500 BMYCA 8MYCA The lunctlon Swlmmlng P¢)ol Covtr ASDA St Pauls 8MYCA Chrlstm•s meal for Weito¥er Resident5 Runnlna Ct$ 400 co.op CornrnunTrty Fund TYP Anton luriens CharFt•ble Trust People5 Postcode Lottery More8us KFC Community Grants Southern co.op (care to 5h•fe. vl• Nei6hIVTlYj Cherrles Communlty Fund IAFC81 Wessex Water Fund Southern Co-op (Love your Nelghbour- Nei8hbourlvl Southern Ctrop vla Nel8hbourlv- Wlnt•r TYP Runnlna costs Runnlnl costs PA System TYP Ccrfe Costs Cofo Costs TYP 24,980 250 2,5CI) rip rip TYP Sofas Youth Wtxk Youth Work TYP TYP TYP Youth Work 1.500 P¥e 17
Bournemouth Youni Men's Chrlstl•n Assod•tlon
Trustees report
forthe Yeaf Ended 31 M•rch 2024
Fln•nd•l Revlew c•Mtlnu•d
Our events lundr¥lsin$ t¢am ilso had i vwy pojltlve year, especially Turn1 the 811 Slèep Easy events whlch r•lsed •lmost
£91.Ll)O from local supp¢Nters. for which we are very 8ratelul. Durlni 2023124. the ch4rlty h•5 recelved no complalnts In respert
of the ch•fltrf5 fundralsini acti¥ltles.
It Is worthy to note th•t our iesetv•s poll
Bournemouth Youni Men's Chrlstlin AssodAtlon
Trustees report
for the Yeaf Ended 31 Marth 2024
Fln•ndl contlnued
The activities under Health •nd Fitness throu8h the Junctlon LeSJure Centre have remabned very PDptslar with twer s,•
members and an avera8e gain of 200 rnembers pef rnonth. On top of thls there were 38,(IIJO Iltness cla55 Participants In the year.
over 1,000 children taught to 5wlm and 2.200 sessicffi for ynI people specifically delfvered. Partles remalned popular a5 were
•dult functlons uslni the bar irei for events celebrallons. The hollday club wowi5ion a150 continues to be popular wlth
5.170+ lunioi hollday club sesslons run. The effectiveness of our leisvrt model, built on the body, MI1. $'rit approath to human
Ilouri5hini aNI our community wholeness fotus foi harmony and fèmily development ha5 slgnlllcantly Increased its positive
Impa¢t In our cornmunlties. In the last 12 months thli h•s created i ylslon for lelsure development which Is drlvinl a new avenue
of opportunlty for the cornln8 years. seeklni to unlte miny of our f4mlly •nd lelsure strvltès to cre•te a 'whole Ilves for the
whole of lif• in bthole cornmunltles, VIOn lor the futu of cwrdln•ted oper•tiCffls In tho communttlej we serve.
Tre was iood news In july when Lilewise wn •nd sports h411 reopened hav1 returned from Severe water d•m•8e as a
consequence of a problem wlth plpework In the bulldin¢ next door, the sports hall Is very popular bullt on thi5 iommunlty
model. We were ible to support t•5• IK+lni In our hosiel accmimodatlon •s well 15 providini • serylce to Ioc41 asylum seekers
and tlK>se who w•nt •n •fford•ble f•cll+ty to us•.
In September we took over th• lormer Fltness Flrsi f4cIIIty In Poole Ind rnimed It 8•yslde under Its new YMCA m•nwmeni.
The membersNps cwtlnued to ir¢)w Irom $22 when we st•rted to over 1.300 and rislni mtmbefs by the end of the flnanci•l
yur. We took over a dedlcated and experienced teJm of sl•ff vkno work hard to m•ke thls l•cillty the best It can be •rKI with
continued Investment In the laclllty we alm io make this a place people In the local communlty want to •tt•nd to form
Irlendshlps and conne¢tlons whilst developlng i h1th¥ mlnd, body and 5plrlt.
We Ilso contlnue to p•rtner with loc•1 provldefs lo offer cllnlc•l super¥lslon to thelr teams the service offer5 In •xcoll•nt
support to miny pwoplo In the locil •re• •nd fof them lo support Ior front41ne 51•ff w4th cllnlt•l supeThlslon. Ovr fundralsinl
ie•m •re 1In1 very hrd to wppcrt the costs of Nnnlno thls Incredlbly v•lu•ble ieThlc•.
Pokesdwn C(ffimunlty Youth Centre coniinues to oper•te •$ • youth centre In ilw Southbourne •re4 of 8ourn•mouth.
Pokesdown Is of the oldest youth clubs in the country •rKI thousands of youni people have beneffted over IO0+ yeirj. The
Townsend Youih P•rtnershlp also contlnues to Imp•rt on the Ilves of youni people Ilvlni on the Townsend estate provldlni
poslllve actlvilles and outcomes for them. Townsend Youth work provides a s•fe place for yuuni people to io, w0v1d1 posltlve
opportunltle5 for them to develop personal and soclalllnterpersonal skI115. After 8CP futyJlrt8 stoppEd we hèd to reduce the
number of sesslons belni run but h•ve been able to concnir•te on provldlni on4olni ssslons from fonsend e•ch week. W•
youni people a safe place to play afKJ yow, pr
8ourftemouth Youni Men'5 Chrlsilan Assodatlon Trustee5 report for the Year Ended 51 M4r¢h 2024 Strateilc Re¥lew Thls report15 • fair fevifw pf 8ourntynLth YMCA'S buslne55 Irbd15 in •¢cordance wlth the SORP. Areas that have efi retnised •re: Ellectkve Ie$S plannl Effective performance mana8ement ol all stoff to ensure all aCtIlIeS ale dellvered to the hlihest posslble standard In exceptlM•l clrcum51•nce5 4lth much of the workforce WOTkin8 remotely Conilnue to revlew valve for moww •nd outcorn•s based on: Fln•nclal reium5 Key perform•nce Indlc•tor5 and ben(MarkIn8 Quality of servlces dellvertd Soclal benellts to IlIVIdual and fomrnunlties Be1115 to Association G•ner•ie surpluws to fflaintaln a vl•ble ory•nlsatlon. lund the ¢•pii41 PfoAr•rnme and ¢ontlnuÈ to d¢¥elop seryices for customers Ensure hlgh levels ol Customer satlslaciion •r• achle4ed Promote Ihe Assoclèilon's Chri$1San value5 Expand use of volunteers to ennce servictS Secure existlni lent ch•ries Ind •ddltloNal IPort fvrKllry- p•rtnerln8 wlth Loc•1 Iuthoritles Devel¢)p and Increase in quantlty and qlIty of Kcomrnodatlon preIe fof future SP fundlni chanies Continut ouireach work lor street horn•less Vlnklnq wilh Chèplalny t•aml •nd *rk to combat IK¥melessness In our afe• Provlde excellent l•rnlly support serylces In the lotal •¥ea •nd s•cure Chlldren'j ¢enlre contracts Further •xp•nd our chwl•iKy and counjelllrq seThlces xp•nd hollday activilles ale$ 5.11 Incre•se the posltlve Impact on the Ilves ol chlldren and youn8 people In the communltv Secure lundin8 for youih prolecrs •nd extend work in Dorsel and Poole Extend partnership woikini wlth other Chrlstian lan1$tIOnS I Churches / Schools Exiend tr•In1 offer for lTrlKJUS• tr•lnlni •nd io external orynisitions In¢reas• $•It l rnembershlp5 01 Lifewise and Sports hall il Wesiover Road Extend our He•lth and Wtllbtlni rk Identlfylnj new l•lsure f•ullil•s P4e 20
Bournemouth Youni Men's Chrlstlan ASlatIOn Twstee5 report lor th• Year Ended 31 Maich 2024 Vu• For Mon•y M•trfcs The Board ol Trustees 15 comrnltted to achlevlni value for m(wy IVFMI In YMCA 8ourn¢mputh'5 service plannini and dellv•ry In cordance rts fivfryelr str•tew •nd The Rewjlator ol Social HousIn$ {ASHI Value for money standald. YMCA B0rneMoth alms to: Intty•tt VFM pilndplej wlthln •ll m•n*yrnent, pl•fYAry •nd re• processes Adopt appropriate. recolnised Bood pr•cti(e Promote a clture of confjNou5 Improvement Oefflonstrate to both Intem•l •nd emiemil slakehdders that the athlevement of VFM Is 1ht In •ll acti¥itles undertaken Embed VFM prln¢lples In the culture ol YMCA 8tyJrnemtwih 50 th•t •ll iw5tees, st4ff •nd volunteers reCOlse thelr continulni respDnslblllty to seek VFM for ihe charlty as part of Ihelr roulSne artivities. VFM1s lo •chleve the rliht bJl•nce between economy. efficlency •nd effectl¥en•ss. E5111ty YMCA rnemoUth Is r•qulr•d to •isess the Imw<ts of •ll Its costs io best meet ils stskeholders. needs. TNS me•ns spendlni efficlently to ensure there Is optimum bol•nc• between relill¥eSy low costs. hlih syoductlvlty •nd iuccessful ¢yt¢omes. In 2023124, we h•ve ensurod VFM In • number ol ways Occupincy levels h•ve remalned hlih: tot•1 vdd5 •nd b•d debts In the hostel were 5.2% of ioial Income Itar6el 5%). total volds and b•d debts In Oella Ilals were &8X of total Income It•riet lO%I,. tot•1 volds and bad debt5 in Trafford House were 9.1% of total Income Itariet IO%I- Ind total volds •nd b•d debis In 8ourntmouth Road were 9.1% of total Income It•r8et lO%I. 11 5UkI be Troted tt Tr•fford Is a 14.bed scheme Ind a Jm•ll vold perkjd has a PfOP¢Jrtlonally blutr Imp•ct upon ihe p¢enta. We conllnue to work closely BCP Counc51 to ensure referrals Jre •ssesJed thIn 24 hours to reduct ¥old ptrlods and ensure mailmum use ol our 4ccommodatlon We have been successful In SeCUrf addillon•l contracts for seTrlces We •ctlv•ly encour48e •ttend•nce In our lft and physl¢•l •(tilI¢S In the sports hll to enhince th• cllents. health •nd well-belni He•lth Jnd wellbelni sltes monltor attend•n¢e levels In the Tym. svhmmlni academy And fitness c1155es to en4ble us to determine t, If •llVi ch•nBes •re iequlred to maxlmise the facillties and staff members, JJ well as Income The tspskllllni of employees wlthln our Health & Fitne55 areas ensures ih•i employee development Is encourayd and structured, and th4t VFM Is Inserted wlthln our pioyamme dellvery as direct costs Ire lovmed Occupancy levels acro all locations are m•n¥ed Ind cofitlnuilly monltofed to mamlrnlse return The croStIllI4tiOTr of st•ff wlihln our He•lth & Fltnèss lotatlons arKI 8usiMss Developmlnt delivery enables VFM to be achleved thmuih the lowerinq ol siaff costs Children's serykes contlnually M1101 atttndance levels In thelr 1105 schemes. classes and sessle to ensure that any talt5 set by fundefs ire belry Met and to ensure that our f•clllties •nd st•ff members are beln8 used to their hjll wtential Youth seThlces rnonltor itteTrdince levels In thtlr sesslons, enablln8 them to meet fvThJers' obiectives to ensure best use of fatllltle5 and st•ff We monitor custorner swlls14rt1on •cross 411 ¢yJr seThlce to consldtr Improvement5 th•t m•y be made In delivery and out¢ome5 Stsff structure5 acr0$5 all departments are continually under rev•ew. 21
Bournemouth Youn8 M•n's Chrlstl•n Aswclatlon Trustees report lor the Year Ended JI Marth 2024 V•lue For Money M•trfcs Continued Alon8side compllance wlth the V•lue fw Money Stsndard •nd CcJe of Pr•ctlce, we are expected to feport on rtaIn WFM Metrlcs to enable effortivt comparlson •cross the sertor. The metrics are Included below. VFM M•lrlx 2014 2013 2022 201011021 O•nthm•rk ReInsIM¢nI (Total c•pe¥ Incl purchase of new propeiiles and CAPEX on ex151ini wopertles as % of hous1 propertle5 at costl 0,72% 0.07% 2.99% 2.70% Nèw supply delivered. So¢l•l houiln8 5.26% 17.40% Zb N•w iupply dell¥ered- non iwlll hou51 o.ry 0,00% Ge•rini 27.20% 27.60% 27.79% 19,94% -30.70X EBITOA 131.52% 475,1) 280.00% -110.(KI% 1137% H••dline sodal h$1£ cost per unlt £ 8.266 £8,113 £16,719 £1&126 £ 11.019 Operatlni m•rn ISoc141 h(11 lettlnisl % 50.43% 49.47% 14.53% 28.43% 24.80% 6b Oper•tini mariln l(Neralll excludini sale ol flmed assets $0.43% 49.47% 14.53% 28.43% 7b ROCE I<NQfall 5.04% 23.93% 13.34% 4.40% Futu1• Plans The 8roup's results in 2023124 p051tloned YMCA Bournemouth (or e¥pendilure in Investment in our le55ure facilities and houslni redevelopment. These are the prlrnary focus Inio the next year, but we will contlnue to revlew other Oprturties to assess aflordabllily. ethos and how they flt specifically into 01 Stfate8lc plan and current operational commitments. The rlsk of economlc uncertainty. a challeniini fecrultment envlronmeni. rlsln8 costs and politlcal urtcertalnty contlnue to create a chJllen8in8 operatlni envlfonment. This fflean5 YMCA must rem•ln a8.ble and adaptlve to the future developmenl takln8 opportunitles where possible bul rem•In1 robust In lis planning and risk manalement. Pay 22
Bournemouth Youn8 Men's Chrlstlan Assoclatlon Trustees report for the Yelw Ended 31 Mirch 2024 Trust••s' r•sponslbllltl•s st•t•m•nt The TfUStees (who are also difectors o18ournemouth Youni Men's Christian Association for the purp05e$ of company l•w) •r• responslble for preparini the report Ind financial 5t•ternents In accordance wlth applScable law and re8ulatrts. Cornpanies Act 20( and rqistered social housini leiislation fequire th• Trusttts to Pfep•re flnand•l statements fof eath financial year whlch live a true Ind fair vlew of ihe 5t•te of afl•ir5 of the 4550d•ticm and of Its lTrc¢yne and exyndlttxe for the pwlod. In prepar& these flnanclal statements, the Tfustees are requ+red to.. select sultlble •ccountini pollcles and then apply them ¢on515tentlv' - m•keJudiements •nd estlmates thit •re re•son•ble prudent; - stste wheiher •pplk•bl •ccountlni st•rtd4rds have been followed, SbleCt to •ny m•terl•l dep•rtur•s dlsclosed and explained in the financl41 stalemefits.. and - prepare the tsnancl•l stat•mtnts on the plni concern b•sli Uftle It15 Inapwowl4te to presume thai tht •ssociatlon wlll contlnue In buslness. The Tru5tee5 •re resp¢)nsible for keep•ni proper lccoufttlni fecords whlch dlscloje th re•sort•ble •¢¢ur•cy •t •fiy tlme the ftnancial posltlon of the •ssoclallon aryj enable it to ensure that the financlal st4lefflents comply wlth ihe C¢ynp4nles Act 21x16 the Houslni and fleientritlon Act 21K)B and the Accountlry Dlrectlon for private reStered pro¥eT$ ol soci41 ho¥sin8 In Enil•nd 2015. It h•s iener•l responsibillty for taki re•50n•ble steps to 5•fe8uird the asseis of the •sxKl•tlon and to Prevent •nd deto¢1 frud Ind other IrreAul•rbilu. Olsclosur• of Inlorffl•ilon to the adItorS We, the dlrecior5 of the company wAM> held ¢rffic• li th• d•te ol •pprov•l of ihese Flnincl•l St•tements •s set out ib¢we e•ch confirm, so fif is we •re awafe. thal.. - there Is no rel*¥•nt •udlt Infomi•¢ion ol whlth the ¢ornp•n(s •uditors ire un•w•re' •nd . we hive token èll the sieps that we 0h1 to have taken 45 director5 In der to make oursefves •ware of •ny relev•nt •udlt Infrym•iioll •nd io •st•bllJh that the comp•ny's •udliors •fe aware of th•t Inform4tlM. In •pprovI the Trustet5 ft•port. we 1150 4pprp¥e the Slr•leilc Report Included thereln. In cur c4pa¢lty •$ mPanY dhectors. Onb of th• Board Rlthard Elm5, Ch4irman D4t•'. iy lioia P•8e 23
Bournemouth Youni Men's thrlsthn AQdatIon Independent Audltor's Report for th• Y••r End•d JI March 2024 Independent Audltor's ft•wt to th• M•mb•fS ol 8ouinqm(rth Youni Mèn's thrfstJ•n Assocl•tl Oplnlon We hove •udlted ihe lin4n¢i•l ststements of Bournemouth Voun8 Men's Chrlstlan Association Ithe parent company and Its trading subsidlarles, to8eiher'rhe iroup'll for the period ended 31 March 2024 7hlch comprlse the Group •nd Assocl•tion Statement ol Comprehensive Ir)rome. Group ènd Assoclatlon &Jlance Sheet, Group •nd Associ•tr"on Statement of Chanies nd Reserve5. Group Cash Flow stitoffltnt and notes 10 the fin•ndal st•temnts, Includlni a summary of sh81{CnI •ccountlng pollcie5. The fin•nclal reportin8 framework th•t has been •pplled In theii preparation 13 applicable law and United Kinidom Accountin8 Standards, Indudlnl Fln•ncl•l Reportin8 Standard 102 The Flnancial Reporn& Standard appllcable In t UK ind Republlc of Ifelind IUnSted Kingdom Generally Accepted Accountln8 Pr•ctlcel. In our oplnlon the financial st•tements'. . Irve a true ind fair vlew of the state ol the youp and •5sod•tlcffj's •ff•lrs 45 It 31 March 2024, •nd of Its In¢oml fesources and appllcitlon of resource5. includlni its Inc¢yne and xpÈndlture, rhe ye•r ihen eIed.. . h•ve been properly pr•p•red In •c¢(Yd•nce th United Klr4dom Generally Accepted Accountlng Practlce, •nd have been prepared In •ctord•nce wilh ihe requirements of the Companles Act 21x16, the Hotsslw and Reieneratlon Act 2008 and the Accounti Direction for wSv•t rey'siered provlderj of soclal houslni bn En8l•nd 2019. 0•s5s oplnlon We condu¢ied our audlt In accordonce wlth Internatlon41 Sl•ndards on Audltlni IUKI IISAS IUKII Jno applicable l•w. Our Tesponsiblllties under those standards are further desulbe(l in ihe Audilof's resPsIbIlItIeS for the audlt of the nn•n¢l•l sialemenls sectlon ol our report. We •re Independenl of ihe 8fOUP Ind •ssoclotlon In accordanie wlth the ethlcal requlremenis th•t •re relevant to our •udli of the II•Mndal st•iernents In the UK, in¢ludin8 the FAC'S Ethlcal Standard, •nd w• haye fulfilled our other ethlcal responsibilits In •c¢ordance with these rèqulfemortts. We belleve th•t the iudlt evldenco we ve obtilned Is sufficlent •nd aPPfopr141e to provldt 4 lor our opSTh0n. Concluslons r•litlni to iolni (C¢M We have nothlni to report In iespect of lollowlni m•tters In rel4tlon to whl<h ihe ISAS IUKI requlre u5 to report to you whert-. the board's use ol the lo1 tonctrn basls ol aCContIn1 In ihe weparatlon of the hnan¢lal statemenls Is not •pprDprlito,' or the board has not dlsclosed In the Ilnlnclil statements any Identifled milerial uncertalnties that m•y cast si¢nlfic•nl dthjbt about the group's ability to contlnue lo adopt the lo1 concern b•sls of accountini for a period ol at least twel¥e months from the dote when the hn¥ncial st•iernenis •re authorised for issue. Pale 24
8ournemouth YOU M•n's Chrlstn Ass¢xl•tlon Independent Auditorfs Report for the Year Ended 31 Marth 2024 h•f Inlormtl¢ The bo4fd15 respOrtbIe for the oth•r Infomttlon. The other InfonnaOn compr1$ ihe Inlomiatlon InClded In the Board Report, other than the IINndil slalemenls •nd our Iuditorfs report thefeon. Our opinlon on the ftnandal statements does r1 cover the othef inlorm•tlon 4nd. except to the eMt•ni otherwlie •xplldtly st•ted In our report. do expr$ any form of assurance condusion thefeon. In connecilon wlth our •udit of the fln•ncl•l siatemenls, our respon51blllty Is to read the otr Informatlon and, In dolng so, nslder whether the other information is m41erially inconsistent with the financlal statemtnls oi our knovAedie obtained in the audlt or othenvlm appears to be materlally mi55tated. If we identlfy such rnaterlal Inconslstoncl•i or 4pparent materlal mi5Statements, wt are required to detefmlne ¥thher there is • maierial misstatement in the financial statements or • m•terl•l mlsstatement of the other Informitlon, If, based on tho 1)rk we have performed. we condude thol there15 4 terl•l mlsstatement of thls other Informatlon. we are requlred to Tep(Kt that fact, We noth1 io rnport In thls rei•rd. 01% on ath•r m•tt•n prns¢rfb•d byih• Comp•nles Ad 2006 In our oplnlon. based on the WO wbdertken In the courst ol the •udit'. Ihe Infofmatlon y.ven in the board report Ilncorpor•tln& the stfatealc feportl lor the IlnJncl•l ye•r lor whifh th• fln•ncl•l statements ire prep4red Is tonsisltnl with the flnanci•l st•temtnts' and Ihe board ieport Ilncorporaiini the slraleilc reportl has been prepired In accordance 4th ppllc•ble leyl rnqulr•ments. MqtteYJ on we ore rnqutredto reportby exceptlon In the Iliht of our knowledie •nd ur¥Jersiandini ol the iroup 4nd Its envlronmtnt obtalned In tht course of the 4udlL w• h•ve not Identlhed m•terial rnlssialernents in the bo•rd report Ilncorpor•tini the straleilt report) We h4¥e noth1 to report in respect of the followini matier5 In relation to which the comple$ kt 2( r•qulreJ ys io feport to you If. In our op1n1.. adequite •ccountlN8 recorth h•¥• not been kept or relums •dequate lor our •udlt have not bt•n rec•lved from Ixnches not vls4ted by us. or Ihe fin•ncl•l ststements •re not In 18reemènt th the aetounilni records and returns., or ertaln dlsclosures of dlfectors, rtmunerarion specified by law are nol m•de,' or we have nol recelved all the Information and expl•natlons we requlre for our •udl¢. In addition. we nothini lo rept In r•spoct of the follolni m•tter T*41bere the Houslni Ind Reyrw•tl<m Acl 2(Xl8 fequliès us to report to you il. In our opinion= s•llsf•¢ttXV system of £¢Jrtrd over iransact15 not been malrfilned. Rtjponslbllltles oiihe boord AS explained more lully In the boartts responslbllltles statement set owt on pale 24, the board members l%tho ire •lso the dlrettors of the I55¥•t10n for the pO$e5 of company lawl are responslble fo¥ ihe preparation of the t1¢111 statement5 •nd foi belni s•tlsfied that they Ive a true iThJ f•irvlew, •nd Such Internal control as the bDard deternilne Is necessary to enable tht preparation of fin•nci•l st•ternent5 Ih•i •re free Ir¢Jm materlil mlMt•t•m•nL mthethef due to frlud or error. In prep•fI the IInalI st•tements. the bo•rd 15 re5ponslble for •sseMlni the Jssodatlon's ablllty to eontlfiue as • 8011 COer, di5dosin& 45 applicable, m•tter5 rel•ted to iolnq concern Ind USI the ioln8 concern ba5 ol accountln8 unless the board ellher intends to liguidate the a550ciation Ix to cease Operati0, or h•$ Do re•llsiic •lt•m•ti¥e tt) do $0. Pay 25
Bournemouth Youn8 Men's Chrlstlan Assodatlon Independent Audltor's Report lor th• Y•4r End•d 31 Maf¢h 2024 Audilty's re¥lonbIlIt1•s for th• •udSt ol the fin•ncthl st•temenls Our objectives are to obtaln reasonable assur•nc• abo whether tlw fin•ndil statements is • •re free from material mlsstitemenL whether due to fraud or error. and to issue in 4uditorfs report that in¢ludes our op1tty. Reasonable •ssur•nce Is a hiih level of •5sufJnce, but 15 not a iuarantee that an audit conducted In accordance wlth ISAS IUKI whll •lw•yJ detect a material rni551atement when It exists. M155t•tements can awise frorn fraud (K error and afe con"dered mèierlal Il. Individually or Sn the a88reiète, they could reasonably be e¥petted to Inlluence ihe economic decision& of users taken on the basls of these finarKl•l staltrnerfi. Beuuse of the inherent limilatlons of •n •¥dlt. there Is i rbsk th•t we wlll not delect Ill Irreiullrltles. IrKlUdI those le•dlni to a material mlsstatement In the fftn4n¢l•l st•temenls or DOnOMPli4ce th reivlaiion. Th15 rlsk Incfeases the more that compllance with 4 law or re8ul•tion is removed (rom the events •nd ir•nsaaions reflected in the hnJncial siatements. as we will be less Ilkely to become iware ol in5t•nce5 of non-cornpllance. The rlsk Is •lso ireater fegardbni irrelularbtles cK¢urrin$ due to fr•ud rjir ih•n error. as frèud Involves Intentlon•l coMiilm•nt. loryery, colluslon. omimlon of rnl¥pres•nt•tlon. IiTeiularities. Includln8 fraud, are Instinc•s ol TroTrc4>npll•nce wlth l•ws •nd riulitlons. We des4 pfocedufes In line wlth our respon5ibllities, outllned above, io detect miierlal mlsstliements In respect of irrrfularltits Indud1 fr4wI. The exterf to whlch ar c•pable of detectlni Irreyl•rili¢s, Includlni Ir•ud Is det•lled below.. . We obtained èn understandlrf of the leyl •nd f•iulatory fr•mewwks •ppliuble 10 the Group and ihe sertor In whlch itrv oyrate. We deiermlned thal the followlry law5 and reiulallons were m05t sbinlfic•nt.' the Compinles Act 2006, the UK Corporate Governance Code and UK c(Ypor•te t•xatlon liws. . We obt•ined •n underst•ndlr4 olhow the Group •re complylry wlth ihow •nd re8ul#tory fr•mew¢yks by m•klni Inoyires to the management, We cwobor•¢ed our ewulrles throuih rwlew of board minutes and papers provlded to the Commltiee of M•naiement. We assess the susceptlblllty Gro¥>'5 fin•nclal st•t•m•nts io rn•ierlil rnlsst•temenl. Includln8 haw frltsd mlihi occur. Audlt procedures performed by the en8agement teèrn Included= 11 Ideniifyini and issessln8 the deslln effecrlvene55 of ctrOl5 manaiernent has In place lo prevent and dete fr•ud: 21 Under51andln8 how those charged with Vern4ce consldered and addressed the potential for override of controls or other In•ppropTlate inlluence over the ftn¥ncl•l report1 process. 31 Challeniin8 355umptions ar judimenls made by minaitmeni in Ils siinificjnt iccountini estimates. 41 Identifyit)e and testln8 lourn•l entrles. In particul•r any frournal entries posted wtih unusual account comblnallons,. Ind 51 Asses5inq the e¥ieni of compll•nce with the relevlnt law and reoul•tlons. A further description of our responslbllltles for the audit of the ftnanoal statements Is locited on the Fln•nclal Aeportl Coyncll's webslte •t'. www,fvc,ori.uVauditorsrespon5ibilltles. Thls destrlption forms part ol our •uditorfs report. We communicate wlth those charyd 4ty7th ioverNnce reyrdln& •mon8 other m•tters. pl•Med scI)pe and timini of the audSt and significant atldit findiw, 1rdud1 any sliTrlfturt deflcl¢ncie5 in inlernal rontrol that we identlfy durln8 ouff •udlt. Page 26
Bournemouth Vouni Men's Chrlstl•n Asgocl•tlon St•ternent of Comprehenslve Income (lncludl Income afid Expendltui• Accounl) lof the Year Ended 31 March 2024 Gro41 Pwk•d 01,04.23 10 31,01.24 Totsl Group Ptrlixl 01.04.22 to 31.03.23 Tolil Ajsodallo Peflod 01.04.23 to 31.03.24 Total Association Period 01,04.22 to 31.03.23 Total Note £000 Turn¢)v•r 6,733 6.204 6.678 6,112 Cosi of sales 16,378) 15,8111 {6,3191 15.7311 Op•r•tlN SUluS I Id•lldt) 355 393 359 381 Inttr•st recelvable ind Jlmllr Income Ini•r•sl p•y•bl• •nd sifflll•r ch•rys 192) 1921 In5Ufince clalffl Galnll10$5) on revilu•tl 53 1737) 187 53 17371 187 23 5urplui I Id•flcltl lor ih• y••r 13971 588 576 Rele•se ol Socl•l Houslni Grants due to th•nie io revaluatlon model R11110n of property 15 1.761 L761 23 1.537 L537 Tot•1 a)mpr•InI•¥• Incom• tor thq y 2,901 588 1904 576 The income •nd expendlture iccount h•s be•n prepared on ihe b•sls th•t •ll operatlons are contInul 0p¢r•t1(S. Th• inco ¥n Itre accoynt was ipproved on....... ................... ld on behall of the bo•rd by: Richard Elms, Chalrman Colln H•rtl• TfUSte• The notes on pays 32 to 48 ftym part of these ftnantlal stJtefflents Pile 28
Bournemouth Youni Men's Chrlstl•n Assodatlon Independent Auditor's Ileport lorthe Year Ended 31 March 2024 UR01rIe This report15 m•de solely IQ tl assocl4tlon's mernber5, •$ • body. In accord•nce wAth Ch•ptef 3 of P•rt 16 01 the Companles Act 21x16 and section 137 01 the Housln8 and Regeneratlon Act 2008. Our audit work has been undertaken so that we milht state to the auociatlon's members those mitter5 we •r¢ requirtd to state to thern In ¥n 4udbtorf5 rep and fur no other Pufpose. To the fvllest extent permitted by law. we do noi accept Of assume responsibility to anyone othef than the •5socl•tion and the associotlon's members as a body. for our audit work, for thls TepoTL or for the opinions we h•ve formed. l M Rodd 85c FCA FCCA Isenlor St•tutory Audltorl for and on behalf ol Ward Goodrn•n Audlt Servlces LlrnSted Statutory Audiior 4 Cedar P•rk Cobh•m fld Ferndown Industri•l E5t•t Wimborne Oorset 8H2175F Date.. Paqe 27
Bournemouth YOU Men's Chilsll•n A550Ciatlon Balance ShÈet for the Ye•r Ended 31 March 2024 Company r•StratI number: 38171)56 GrP 2024 Total GfOUP 2023 Total Asso¢latlon 1024 Tot•1 Ass(Klatlon 2023 Totsl Not• FIMed •ssets lrtanilble issets T•niibl• •$t5 9.10 7551 6.574 7.425 6,435 7.551 6,574 7,425 6.435 Curi•nt •sws stocks DEbtors Investmenls C•sh at blnk Ind In h•nd li 12 13 707 756 501 1,178 710 506 1.350 757 501 1.047 1.494 2.714 2.441 2.573 2,311 Cr•dltors: •mounts f•lllN wlthln an• V••f 14 11.2251 IL0371 11.1791 19921 N•t furr•nt •ss•ts I Ill•bllltl•%) 1.489 1.404 1,394 1.319 Tgt•l •ss•ts less ¢uN•nt Il•blNtl•s 9,040 7,978 8.819 7.754 Cr•dltors: •rnounts f•lllw du• •ft4r more th•n on• y••r 15 11.9941 11833) 11.9941 13.8331 Total net Iss•ts l {Il•bblltl•sl 7.046 4,145 6.825 3.921 Reser4 Income and expenditur• r•s•rve Revaluatlon reserve Reslrlcted reserve Desiinated resèr 17 4,685 L537 106 718 3.346 3,161 17 17 17 1.537 70 718 49 750 li 749 TO1 r•s•rns 7,046 4,145 6,825 3,921 The Slin l staternents were •pwo¥ed and authorlsed fry Issue by the board on ....... all of the board by Rich•rd Elms, Ch•lrman Colin Hartl•nd, Trust• rthes on pales 32 to 48 part ofthe5o fin•Trcl•l sutemerts Pale 29
Boumemouth Yotsni M•n's Chflstlan Assocthtlon Stalement of Changes In Reserves for th• Y••r End•d 31 March IOZ4 Cxoup Incomeand expenditure reserve R•strict•d D•sl8nèied resefve reser¥e rtser¥e Totsl £000 £000 At 31 March 2022 2,739 37 781 3,557 Surplus I Idoficitl fi)r the ye•r 597 23 {32 588 Tot•1 compreh•n4v• Incom• 597 23 1321 Tr•nsfefS io Iiii At 31 M•r¢h 2023 3,346 49 750 4,145 Surplus I Idficltl for the yeir 14341 131) 1397) Releast ol Sod•l Hous1 Gr•nts due to ch•nie to Ialuati¢) model Rev•lu•tlon Iseo note 171 1,761 1,761 1,537 1.537 Trfll tompi•h•Dslw Incom• 1.327 1,537 68 1311 2,4JOI Transfefs (see not¢ 171 12 Iiii At 31 M4rch 1014 4.685 1,537 106 718 7,046 A$1110n Incgrnt Ind expendlture r•setye Revaluation Rèstricttd Desllnated reseTh• reseThe rewve Total £000 £000 £000 At JI M•r¢h 1022 2,563 781 3.345 Surplu5 1 Ideficiil lor the year io 132) S76 Tot•1 compf•h•nshM incffii• 598 io 1321 576 At 31 Mlrch 2013 3.161 li 749 3.921 Surplus / Ideficltl for the year {4311 1311 13yi Rele•se of Soclal Hous1 Grants to thani• to revaluatlon ffle1 Revaluation {see note 171 1,761 1,761 1,537 1.537 Tol•l compr•h•oJl¥• Income 1,330 1.537 1311 2,904 Tr•nslefS (see note 17) A131 M•rth 2024 4,500 1,537 70 718 6,825 The notes on p•£e$ 32 to 48 tsm part olthe5e flnanclal statements Pa8e 30
Bournemouth Youni Men's Chrlstlan Assod•tlon Statement of C•sh Flows foi the Year Ended 31 March 2024 Group Group Period 01.01.23 Peflod 01.01.22 to 31.03.24 to 31.03.23 Note Cash flow Irom op¢r•iln8 •Lil¥ltl•s Interest pald 1,013 1921 781 Net Ush Ilow from op•r•t¥ •ClIlI1 921 717 C•5h flow from In¥•stSni •alvltl•i P•yments to •cqulre tsnwble flxed assets Interest received Proceeds fram salt of In¥estmenl 1589) 14 13951 N•t c•sh from Invertlry •¢¢l¥lil•s 15651 1388) Cash flow Irml fin•ndni Ktl¥ltl•i New loans In the ye•r Repaymeni ol lolns {361 11021 fflow from flTr•nclni •¢11tI (36) 11021 N•t In¢r••J• I Id•ty••wl In ush and ¢•th •wIVonI$ 227 C•sh •nd c41h •quI1•tI •t l *4ffll 1013 1.679 1,452 C•th •nd c•sh •qulwl•nti •1 JI Mwth 1014 1,999 1,679 C•sh •nd c4sh ¢qul¥•lents ol: Cash at bank and lfi h•nd Short torrn deposSts 1.494 506 1.178 501 13 Cash and cash aqu1¥•Trts •t 31 Mafth 2024 1.679 notes on pa8e$ 32 10 48 lorm part of these flnanclal statements Pale 31
Bournemouth Youni Men's Chrlstlan Aswclatlon Notes to the FlnJncial Stitemenls lorth• Y•ar Ended 31 M•rch 2024 I Summary of nlfiunt Kcountlni polldes L•8•1 torrn ournemouth Youn8 Men's Christian Assoclatlon Is a prlvate reiistered provlder of stxlal housing in the United Kinadom and reilsiered company limlled by £u•rintee. The •ddre$5 01 th• rostered office is liven in the reiistered provlder Informatlon of these financi•l statements. (•) Gentr•l Inform•tlon •nd 515 ol pr•p•ratlon The niture of the registered provider's opeiatlon5 Ind prfnclp•l •rtlvltles Ire. provklln8 re51denti41 accommoda11 In Ihe form ol flat5 and hostel rooms to those In conditlons of need, hardshlp or dlstre55 due to their so¢ial, physlcal or ecoTh)mlc ciT¢umsi•nces. The Associotlon Is tommitted to helplni pe¢)ple. partlcularlv voun8 people, at tlmes of need reiardless ol thdr Bender, race, •blllty or f4lth. In wder to fvlfil these oblectlves the Assoclation operate5 • comprehenslve ranle ol pro8rammes ol a sportin8. social and cultural Mturt. This Involves the manaiemeni and operaii¢)n of three youth centres. chlldren's centre, chlld coniact centre Jnd pre i¢hool. J retr•t centre •nd the man•8ement ol a lelsure centre. The r¢iiStered provkler constllutes a publ1¢ benelbt entlty Is defined ty FRS 102. The fin•ncial 5t•tements h•ve been prepared •ccord•nte wlth •ppllcable accountlni standards lrtcludlng Flnanci41 Reportlng Standard 102 The Financlal RepcKtln8 St4ndird Appllcable in the UK and Republic of Ireland IFRS 1021. the Ststement of Recommtnded Pr•ctl<e for Soci•l Housln8 Provlders 2018, ind W•ryth the Accountsng Olrectlon for prlvate reilslered providers of scKlal Ix)uslni In En8lar4J 2019. Tho fln•n¢lJl ststernents Ire also prep•red under the requlrements ol the Houslni and Reieneratlon kt and tht Companles Act 2fy)6. The financial stilements h•ve been prepared on iolni corKern basis under the hlstorl(41 cost cotwentlon. modlfied io Include certiln itern5 4t fair value. The finand•l statefnents afe Pfepared In sierlin& which is the fyDctlonal iurrency ol the rt$istered provlder, and rounded to the nearest The siinific•nl •ccounllni policles applled In prop•ratlon of ihe flnnd•l st4lement5 •re Set out below. Theje pollcles h•¥e been consistently Jppll•d to all ye•fs presented unlèss oihery4lse stlted. Ibl Group •¢¢(Nnts The reiistered Proder is required by the Companles kt 2(K)6 to prepare 8roup 4ccount5. The consolidaied accounts comprlse the lInalI1 st4temerbts of Bournemouth YMCA, and of ils subsidiaries Pokesdown Youth Club lunlncorpor•ted charity no 3019181 and the Townsend Youth PartTrerthlp {reilsiered company no 04236016, charlty number 10932131. These ch•rltls arè consolidated Into thls ol •cctyJnt5 UleT the basls that 8oumemouth Yi)uni Mon's Chrisllln Associ•tion is the sole trustte of the crItIes. Icl Slock5 Stock is slated it th• lower of cost •nd •Silm•ied selllw price less Costs to Complete and Mll. Cost Includes Ill costs ol purchase. costs ol converslon •nd other costs In¢urred In brIngl stock io ils present locltlon and condltlon. Costls c•lcul•ted uslw the flr5t-in. first-out formuli. Id) Investments Investments are recoln1s Inltl•lly •t f•ir v•lue whlch Is nofmamy the tTan5action price excludln8 trans•40 costs. Subsequently. they •re measured at fair Value throuih the 5taternent of comprehensive Sncome If ihe sh•res •re publiclv Iraded or rheir fair value can othervAse be measured reliably. oiher Investments are measured at COSt leu Impalrment. (•) Int•nOble •ssets- ioodwlll Goodwlll ari5ini on business comblnatlons Is capitalised. claMffied as •n asset on the balance sheet and lrnortlsed on 51raiiht line basis over Its vselul Ilfe. The period chosen for wrlting off ioodwill Is 10 yèiis. The re•son for chooslnithi5 pefvd Is thoi it Is the directors, assessment of the period to be benefited. Pale 32
Bournemouth Youni Men's ChrlstlJn Assod•llon Notes to the Flnanclal Statem¢nt5 for th• Y•r End•d 31 M•r(h 2024 lfj T•nilbl• Ilx•d 4ssrfs T•nilble flxed assets lexdudlni freehold properties1 are stated it C05t lor deemed costl less accumulated depreciation and •ccumulated Impairmeni losses. Cost Includes costs direcily attrlbutable to miklng the asset capable of opefailn8 as Intended such è5 Ihe cost of acquirin8 land and buildlnis, developments tosts, interest ch•r8es on loans durin4 the development perlod and eMpenJlture on Improvements. Expenditure on •rnprovernents will only be c•ptt•lised when It rewltj In incremental future benefits such as Increan8 ftnial Income. redudn8 m•intenm¢¢ tost5 w resvltinl in • sl8nlfluni exlenslon of the uselul economlc life of the propertv. Followin8 a chanie in policy in the ye•r, Freehold Pfopertles •re now recoinlsod on • rev•luatlt)n b•sls and recoinlsed at f• Vilue at the reportln8 date. For more detlil rrfardini ihe chanie In acwuntini polky. please refef to the chanie In •ccountlni poll<y note. Depre¢latlon Is provlded on 411 tsn8Sble fi¥ed assets lincludinl those held al revaluatlonl, It rates cilcul•ted io wrlte off the C05t, less estimated resldual value, of e•ch •sset on a sysiem•tlc basls over Its expected useful Ilfe as follows. Where rev41ued •sset5 •ie depredated a transfer 1% mde between the revaluation reserve •nd the Income and expendlture account. Followlng the most recent revlew of the depreclatlon pollcles by the Trustees. It was declded ihat all new capltal expendlture from the 1st lanuiry 2019 t4¥ould be deprecSated on dlffefent rates. These new Tates are det•ll•d below. okler assEts will continue to be depreclated •t the pre¥lous r•ies. Addltlons are dtprtclated loi an enllre ye•r durini the year of purchase. ub Idl•rl Freehdd propertles Houslnl piopertles Pl•nt and m•chinery FIKtures and Ilttinis Motor ¥ehlcles Impro¥ements to property 2X str•liht line See below 2% striliht Iln• See below IOX strabiht Ilne 20% str•liht Ilne 20% str4liht Ilne straliht Ilne b•sed on useful ecorKYnlc Ilfe17 year sllilihi Ilne IOX Siralahi Ilne 20% reduclni b•l•nc 2096 reduclni balance 15% redcl1 bil•n¢e l over the term of the lease Houslni pr¢)pèrtlts under constructlon ire not deprecl•ted until they are In us•. The useful etonomlc lives ol all tanilble ffimed assets are reviewed annuilly. Houslni prop•rtl•i Followln8 a chonie in pollcy tt) the fevalualion model In th• y•ar, IIng propertles h•ve been rev•lued to thtlr m•rket v•lue •1 the repNtlni d•te. Pfevl¢yJsly freehold hous1 propertles had been st4ted it cost le55 Iccurnulited deprecl•tlon. and prov15ion for •ny Imp•lrment. BoufnemoLrth Vounq Men's Chrlsiian A5$Od•ti accounts for Its exJtUre on housl uslni component accounti. Under tornponent accountln& the hou5irrf property Is dlvlded Into ihose major components which are considered to h•ve 5ubsl•nllally dlflerent useful econ(Mnic Ilves. These component5 1fe then deweclated over their Indlvldual usefwl economic lives on • striiiht Ilne b•sls. Th• partlcul4f c<Mnponents idenlifled by Bournemouth Y¢)uni Men's Chrlst14n Assoc5atlM •nd thdr fespectlve useful economlc lives •re as follow5: Land Core bulldl Rool Wlndows Kllchens 8•throums 80ilerlheatini Electrfcs uft 25 ye4rs 15 ye• 20 years 25yu IIM) 60 y•4 25 years 25$ For mor• dtt•ll r•yidlni the ch•ny In •cC(wnt1 polky. ple•se referto the charye In •c¢ountln8 policy note. P•ie 33
Boumemouth Youni Men's Chrfstlan Assod•tlon Notes to the Flnanclal Statements lor the Year Ended JI Marth 2024 Ihl lfflpofrmoftl All fixed assets •re consldered lor impalrment annu•lly •nd det•iled re¥lews of assets for impairrnent are c•rrled ou111 there Is an Indlcatlon th•t impalrment ha5 occuThed or rf thvy are Th)1 beln8 depr•tlatd. 111 S¢xlal housin8 sranl ISHG) SHG15 fecoinised when [Ke1¥ab. In prewous ye•rs. wh¢r• deloPmentS have been Ilnanced tholly or p•rtly by SHG, the SHG Is recoinlsed •$ • Ilablllty Ind released to Income over the 54me perlod the •5set Is depreclated over, Hovslni assocl•tion grants are Included under SHG headinKs. Followéni a chany to the rev•luatl¢)n pollcy In the year for hovslnq properties. the performance model h05 been •dopied for the re¢o8nltlon of Sotl41 Housln8 Grants. For more detail please refer 10 the chan8e In accountlng pollcy note. 111 Gov•mm•nt •nd other Grants tow•rds c•pit41 expenditure (her than housini property) are Included wlthln accruals and deferred income. •nd then released to the Income and expendlture acc¢t over the expected useful Ilfe of the related assets. Gfants towards revenue ependiiure Ire released to the Sncome •rKI eJrpendllur •ccount is the rel•ied eHpendlture Is Incurred. Ikl D¢biw5 Ind cred1t$ ieul¥abl¢ I p•y•bl• wlthln oTh• y••r Debiors •nd creditor5 Wlth no 5taied Interest rate and receivable or poy•ble wrtbln ye•f •re recorded at tfinsCtlon prict. Any losses •rlsin8 from Imp41rment are recoinlsed In the siatement of comprthenslve Income in other •dmlnislratbve expenses. Alihis of socl•l l•ndlords to hivt Improvtm•nt works c•rrled out to propertie5 by i third yrty (such •$ • loc•1 •uthodtyl •r• recniSed as pfepaymènts wymeni has OC¢UTred in •(fvance of the works belni tarrlod out and r•c•ipts In •dv•n¢• from the 5•me thlrd party rKoinld •$ Ilabllltles. Assets ind Ilabllitles or Income •Dd expendllure •r• not offsei. 111 Lo•ns •nd borrawln Lo•ns and borfowlngs are Inlllally recolnlsed 4t the ti•ns•ctlon price Includiry transacilon costs. Subsequently. they art rne•svred at •mortlse(J c05t U5in& the effecilve Inttresi r•ie meihod, less imp•irfflent. If in arrangement constltirtes • fln•ncln8 traNs•ctlon It Is measured at present value. Iml L•11 Rentals payable •nd receb¥•ble und•r operatini leases •rt Charl to the slatement of CornprhtnYe Income on • straiihi Il•w b•sis over the peflod of the le•M. Inl T• The acil7Atles of the re5tered pravldef are pèrtially exefflpt from VAT. The Assttiation Is registefed for VAT and is able to recover VAT on a proporllon of Its puich4ses. VAT incurred on purchases whlch is not fe¢overable Is Included al0 wlth the e¥pense to which it relates. Of the item acqulfed. In the Income and expenditure atcount or balance sheei respectively. lol Yum(wer and other It)Me Turnover repre5enls iniDrne from the varlous •¢tlvltles undertaken by the iroup. Rental income Iroffl the houslni propertles, along with fees bre reCOlSe in the period In bthlch ser¥i¢es •re provlded. Revenue grant5 frorn the local authority and the HCA •re reColsed In the period in which the related expeIllUre15 incurred. All other tradin8 income Is recorded when the servbtè has been proylded. Donations and legac1è5 are attounted for when the iroup has been noilfied ol the amount fecelvable. Supportln8 people income Is fee55ed over the period in which services are wovided when receivable and Included In turn01 undef Supportini P•opl• contract Income. P¥e 34
Bournemouth Youn£ Men's Chflstlan Assoclatlon Notes to the Fln•nelal Stltemonts for ihl Year Ended 31 M¥r¢h 2024 (pl Efflploy•• bqn•fiti When employees have rerKlered servlce to the reOstered provlder. sht-terM employee benehts to which ihe employees •re tntitl•d ire fÈctyn•sed It th• undlscounted amount xpected to be pald In exchange for that seThlce. The re4lStered provider oper•tes 4 defined contribution plan lo( the benefit of Its mploy•es. Contflbutlons Ire expensed •$ they bec(kne p•yable. (ql ft•s•r¥•J Restrlcied reseryes are those reser¥es whlth art (mly e¥pendabl¢ In a¢¢ordance w+th the wlshe5 of the funder or rewl•tory body. Restrlcted fe5er4es lThclude lund3 rJSsed In response io a spKlfl¢ appeal. Revenue and expenditure cannot be directly set aq•lnst restricted re5erve5 but 15 taken tlvouth the staternent of cornwehensivt Income then • tr•nsfei to I from restTlcted reserves Is m•dt •s ipprowlite. Unrestricted ieneral feserve-the5e lunds can be used In acc¢xd•nte vthth the (clIVeS of the A5s0cl•tlon •t the dlscreilon of the board. tyesiinaitd reseryes Ire part of unresirlcled reseryes whlch he been e•rm•rked by the Bo•rd for • wrtltul•r wrpost. ch deslinatlons may be re¥efsed by luture 8o•rd declslons. (r) Ju(qffl•nty •nd sour<•% of •#lm•tlryb yn¢wl•lnty There are no areas of slinilic•ni ludierntnt. The key assmptIOnS cotKernln8 the future and othef key f¢eS of estlmatlon uncertalnty at the reportlni d•te th•t h•¥e slinific•nt sk ol ciu51ni • Matt11 •dltment to the c•rNw •movnt5 of •ssets •nd Il•bllltles In the flNncl•l Includo.. Th• V•ltIOn of prnpertl•s owned by the youp. Followlni 4 ch•rq io rw•luiion model, Houslni property •nd Freehold Proptrty are now held •t m•fkel value at the repIn1 d•te. Maniernent •$5ess the v•lu•tlon •nnually Ind consldèr whether form•1 ¥•I•t{On Is requlred. A lorm•l thlrd party vlluatlon Is obtak)ed by tht trustess on • rewJl•r (%) Chin8• In pdl¢v In the yelf Ihefe w•s a chan8e In •ccountlry pollcy lor the v•lu•tlon of housln4 proptrtles •rMI freehold Pfoperty. Assets In these cla55es were prevlously held •t cost less accurnulated depreciation but Ire now recognl$4d under the iev•lu•tlon model •nd have been rev•lued to market value at the year end. These •ssets will be depreciated at the same rates a5 prevlously Usod In subsequent years. As a result of th15 chanie, total lunds have Increased by a tot•1 of £799.698. £1.536,968 of whlch li held in revaluatltyi re5er¥e aTh1 £737.270 has been recoinsed throuih the St•tement ol Comprthenslve Income In the yè•r. Followlni the ch•nie to the rv•luJilon model lor housln8 Pfoperty and followlni consultatlon ol th housini SORP, the pollcy relat1 io tho recoinltlon ol Soo•1 Houslni Grants a150 been updated from the accru•ls model to the perform•nce model. A5 a result ol thls chanae, Soclal Hou51n8 Grant crediiors tolallln8 £1,760,777 would bE recoinised 41 they are recelved and hive therefore been released in the year as an adfv5tment to other cofflprehenslve Income •t Ihe start of thls perlod. Thls has not been •dlusted retrospertlvely for the crmparatlve year as the revaluation model was not In place In the prlor ye•f, P¥e 35
Bournemouth Youni Men's Chrlstlan Asiodatlon Notes to the Fln•n¢lal Statemenls for the Year Ended 31 m4h 2024 2 Turn(r4qr, cost ol s5. •dmSnlstr•tl¥e e¥pendllwe and operkns surplus / {d•fldt) Tht iroup has not provlded Informltlon requlred by s¢hedule I part i of the Accountln8 Dlre¢tlon for Socl•l Hotsslw In En8l•nd 2015 on the 8rounds that It Is sm•ll. 5odl houslni turnovof and costs Group •nd 1¢1•0n Pwlod 01.04.23 Perlod 01.04.22 to 31.03.23 £0 10 31ffj3.24 Renis recelvlble exdudlni senAc• ch•rys Revenue iranl5 iecelvable Capit•l 8rantS fecelv•ble s101 hous1 artivlty eypendlture 2,253 1,641 2,155 18501 18181 Opef•tlni surplus I Ideficltl Irom wcl•l houslni iclivltles 1.076 Net surplus I Idficltl from Joclal hous6 Ocifvltles 1,000 905 Vold105ses 11891 Amortised lovernment ir•nts 14 14 Other 8overnrnent iianis recoinlsed 3 A¢¢ommodadon own•d In m•n¥•m•nt oup •nd Assod*lon Nwnb•r of Nwnb•r ol nlts •1 JI M•r¢h 2023 JI Mar¢h 2024 Complet¢d units.. Supported housini Hostel Delia Fl•ts Trafford House Bournemouth Ad 73 22 14 73 22 14 114 114 Pale 36
Boumemouth Youni M•n'J Chiljtlan Assod•ilon Notes to the Flnan¢l¥l Statements fr•f the Year Ended 31 March 1014 4 Ini•rnst 4fid oth•r fln•nc• Intcrn• •nd thwses- Group md Assod•llon al Interest recelvable and slmllar Ir•come Grwp Group A550d•tlon Assoclatlon P•rlod 01.04.23 Perlod 01.04.22 Peflod 01.04.13 Period 01.04.22 10 31.03.24 to 31.03.23 to 31.03.24 to 31.03.23 £000 £0( 8•nk Interest recelvable 24 23 24 23 bl Interest pJy•ble Ind slmllar charytj Group ASd•an Associ•tlon P•rlod 01.04.13 Perlod 01.04.22 Perlod 01,04.23 Perlod 01.04.22 31.03.24 to 31.03.23 to 31A)3.14 to 31.03.23 £000 8ank charles Ind olher interest ouslni Intre5t -59 159) 92 iii 92 The 2022 ye•¢ •nd IM>uJini lo•n interest fkiure In¢l¥ded charles for e4rly 5ettlemeni of £64.907 •$ Ih15 was wnsédered to be payable. Th15 wis reversed In the pilor ye•f •$ the loan wès no I{¢ belnl con5idofed flx e•dy p•yment. 5 Sufplus I Idefidtl on dIN•ry •rtl¥ltles Surplus / Idefidtl on 0rdIrry cti¥ltlts Is stited •ft•r ch•rilni I l¢redltin4)". Gioup Group A•50d•tJon Assoclatlon Pffl¢xl 01.04.ZJ Perlod 01.04.22 Pwlod 01.04.23 Perl¢xl 01.04.22 tt) 31,03.14 to 31.03.23 10 31.03.24 to 31.03.23 Audltor's (emuneratlon l1ncludl txpensts Ind bnthts In klndl for iudS1 Audltof's remunerltlon (IludI expen$e5 •nd benefits in klndl for non-audlt Depreciat1 of tanw.ble fimed assets Impalrrnent of t•nilble fiJ(ed assets Oper•tln8 le•se feni•ls 25 24 19 345 67 269 43 327 67 249 43 35 35 6 BO1 and k•y ffi•s•M•nt p•rwnnd rnmuner•tlon- Grnup •fid A550d•llon The total rernuneratlon lor key m•n•iement perS(ne1 in the year to 31 March 2024 amounted to £91k12023- £82kl. Directors are dtflned as the membefs ol the boafd, the CINef Executive and member5 of the Se01 m•ni8ement team or Its equi¥•lenL vknlch Is also the deflnrtlon ol key manaiement personnel. The hilhest paid director received £91k12023 . £69kl rernL4ner•tlon lexcludlng pensi¢)ns contrilwtlons) In the year ended 31 M4rch 2024. The chief executivels •n ordlnary member of the pen0 scheme. No enhanced ry special terms apply. Durini the year ended 31 March 2024, one trtsstee was ielmbursed for tia¥el expenses lot4111n8 £9112023- £401. Durlno the ye•r ended 31 M•rch 2024, no Trustees made donations to the Boufflemouth YMCA12023.. £771- Pa8e 37
Baurnemouth Youn8 Men's Chrlstlan A5yxlatlon Notes to the Flnanclal Statements lor the Year Ended JI Marth 2024 7 St•ff cost5 The avtraie monthly number of employees, IndUd1 rnembers of th executlve teJm. during ihe year was as tollow5.' P•rlod 01.04.23 PeTlod 01.04.22 to 31,03.24 to 31.03.23 Nurnber Nnber M•n•i•m•nt •nd •dmlnlstr•tlon Dtvelopmenl Housini. support and cafe Non. h¢usln8 OPQf•liry)s 19 20 24 53 98 26 The average numlxr of employees, Includlnl members of the executlve team, c4lculat•d on • fvll ilm• •qulv•l•nl w•$ 98 employees12023- 881. Full time equlv4lent •ssumes a 40 hour wofkln8 week, Th• •¥•ra8e hed£ouni duflni the year ended 31 March 2024 wa$ 18912023'.1741. Thi aiirEPte remuner•tlw ol Juch omployees (Group) w•$ •5 follows: Pqflod 01.04.21 Prlod 01.04.22 to 31.03.14 to 31.03.23 Éooo W•ie5 •nd salarles Socl•l security Other ptnslon costs 2,731 199 203 148 147 3,420 3.077 Indudefl In 5t4ff costs •bove Is •n •rnount tot4lllN £199.5S8 relatlnl to sl•ff rel•tI Involced xpenses. The number of employees who recelved mor• th•n £60,000 •$ their employee packaie lexcludini PenOn5 costsl •re •$ follows: P•flod 01.04.23 Perlod 01.04.22 10 31.03.23 Number to 31.03.14 Number £60,(l- £70.0(K) 70.001 . £80,(MJ) £80.001. £9),OCK) There were redundancy costs Incurred in the year totallllii £28.56112023:£nlll. As at 31 M•rch 2024, £26,28712023:Enlll w•$ due fof payrnent aftei the year end. Pèie 38
Bournemouth Youn8 M•n's Chrlstlgn A9(1•110n Notes to the Flnandal Statements for the Ye•r Ended 31 March }24 I Ini•nilbl• flxod •sMts- rKoup 4nd Aswd•ll Goodwlll Toial Cost: At I WII 2023 Addlllons At 31 March 2024 32 32 32 AmortIOn. At l Aprll 2023 Charie for the year At31 March 2024 32 32 32 Net b¢)ok vèlue.. At 31 M•rch 2024 At l Aprll 2023 Goodwlll arose In 2009 1$ * resuli of the purchse ol tr•d• anLI •ssts of Brdstone Lelwre Centr•. 9 T•nilbl• fix•d •5s•ts- (In1 prL¥•rtl•s- •nd As¢xl•tlon HoLtilv4 propertles lor lettl Tot•1 Cost or v•lu•tlon- At l April 2023 Addltlons.. completed propertle$ 4cqulfed AddStlon5'. works to exlstlni propertle5 R•v•luatlon 5.656 24 12.0101 3.670 24 12.0101 3,670 At 31 March 2024 Depreclatlon: Al l April 2023 Charie lof the YUf Re4•lu•tlon Ai 31 Mirth 2024 12.2761 Iiioi 2.386 12.2761 Iiioi 2.386 Net book valu•.. At 31 M•rch 2024 3.670 3,670 AI i 112023 3.380 Houslw Property v•lu•tl(•ns h4ve beèn obtalnèd by Jones Lan8 L•Salle Inc and Eddisons Chartered 5uryeycKi and havt be•n f•cnIStd In the acc¢wnts •$ •t 31 M•rth 2024. Valu•lions •re performed on an open Market 8asls utlllsini the EUV-SH Valuatlon Model. 11 hous1 propertles had n•v•r rtvalued. they would be held at deprectsted histo{•1 tast of É3.294k. Paee 39
Boumemouth Youni Men's chrIan Awclallon Notes lo the Flnan¢l¥l Statements for the Year Ended 31 Mah 2024 9 T•niible fixed assets- H(thlni propqrtiqs- and Assod•tlon- ¢thtlnu•d The net book value ol land alld bulldinds comprlsed: 2024 2023 land and bulldlrw.. Freehdd Loni le¥5ehold Short le•sehold 3.670 3,670 3.380 Intluded wlthln ihe freehold property •re two le•sed shops whbth are p•rt ol Deft• House. the cost of whlth Is not 5ep4rat•ly ideniifiable. JO T•nilble Ilxed •sMls- rfh•r GrP Freehold L•nd and FreeId byildlny Improvements £000 Short L•45•holdl opwty Assets Und*r Constructlon Equipment Motor vehlcles Totsl £coo Cost or valuatl¢)n'. Ai l April 2023 Addiilons Dlspos•ls Reclassificlbtion Revaluation At 31 March 2024 314 117 712 956 15 16771 597 39 1,041 394 25 5.645 565 16771 1301 2.682 12941 1324) 5,209 431 636 1,435 25 Oepre¢latlon'. At l April 2023 Charge for the year Eliminated on disposal Recllsslflcation AwJluitlon At 31 March 2024 17961 1601 17551 1191 610 1811 1161 18031 11361 116) 12,4511 12331 610 164 746 11.3281 12741 1971 19391 1181 Net IMk value.. At 31 March 2024 431 2,408 S39 496 3,881 At l Nprll 2023 314 1.916 201 516 238 3,194 ShDrt lease1Id improvtments Ire lor the property •t Bro•d5tone. this Is held on • 83 year lease wlth peppercorn rent tse1 pald. Total iroup taniible fimed •ssets'. 1014 2023 £000 3.380 3,194 6,574 Housln8 propertles Other 3,670 3,881 7.551 Pay 40
Bourn¢mouth Youni Men'j Chrlrtl•n Asswl•tlon Notes lo the Flnanclal Stalements for lh• Ye•r End•d 31 Marth 2024 10 T•n•lW• fix•d •si•ls- oth•r. o>ttlnu•d socl•tlon Freehold Assets Under LaNI and Construcllon bulldinii £OCM) 51¥wt leisehddl prop•rty FreelK¥ld Improvements Equlprnent Motor veNcles Total Cost or v4luatl¢m: Ai l Awll 2023 ditions DIsp05als Aecl•sslflc•tlo Rev•lu•tlon At 31 March 2024 314 117 2,323 956 15 1677) 597 39 25 5.221 560 16771 {301 2.293 12941 13241 4.780 431 636 1,395 25 O•pr•cl•tlon: Ai l Awll 2023 Charie lor the year Ellmln•ted ¢)n dlwos•l r4•cl•sslfic•tlon Aevaluatlon At 31 Mirch 2024 15361 (461 17S41 1201 610 181) 1161 17791 1131) 161 12} 12.166) 12151 610 164 746 11,0251 197) 19101 1181 book ¥•lue: At 31 March 2024 431 2,293 539 485 3.755 At l Apwll 2023 314 1,787 202 S16 227 3,055 Tot•1 •550ci•¢lon tsnilble fixed •uets', 1024 2023 Houslw propertle$ Other 3,670 3.755 7,42S 3.310 3.055 6.43S Freehold property V41•tIonS hwe been profesJlon•ltry v•ltsed by Jones L4ni L•S•lle In4 Eddlsom Ch•rtered Sur¥eyors and Ollver Miles Chartered Surveyor have been re(nISed in ihe accounts as at 31 March 2024. Whlle Incorne •nd expendllurn of the re¥4lued properties h•s been consldered In comlni io a ¥aluati. potential improvement (rf perform•nce h•s al been fictored In when comlN to • market v•ly4160n. If Ireehold propèrtle5 had never been revalued. they would be held ai deprec•ated h15tortc41 cost of £1.986k IGroupl •nd £1,871k lissociatlonl. P•y 41
Bournemouth Youni Men's Chrlstlan Asswl4tlon Notes to the Flnlnclal Statements for the Year EDd¢d 31 March 2024 11 Stocki 2024 21523 Flnished 8oods 11 D•bto Group 2024 Group 2023 EOOO 220 Assocl*lon Ass¢xlatlo Z024 2023 Trade debiofs (Éross soclal houslni rent Ifre•rs1 Tr•de debtors lothersl Amounts 4>wed by iroup undert•klrtp Prepayments and •ccThd Incom• 191 213 220 238 217 244 192 292 756 191 710 292 757 IJ Current •Hel Investm•nlS. GrP and As%xl•tlon 2024 2023 £O(K L15ted 5nvestments Short tefm deposi15 506 501 506 501 14 Cl•dItl. •mounts l•1llni due wlthln y• Group 2024 Group 2023 £000 Aswcl•tlon Assoclation 2024 2023 Eooo Houslni lo•ns 8•nk lo•ns Tr•de credltors Deposits received In advanc• Other tax and SOElal 5ecuiity Soclal Hou51ng Grant not spent Oiher crèdltOfS Accruals and delerred Incomè 35 289 io 34 418 35 289 490 io 49 14 49 14 20 613 1,037 17 20 607 1.225 1.179 992 Pa 42
Owin•fflwih ytyJ Mqn'i Chdsil•n A550¢1lon r4otes to the Kn•na•l St•twn•nts for th• Year Ended JI la¥th 2024 15 Credi¢or5: •ITKiunls l•ll du• •ft•r rnor• thin an• yw- Ass•xl•ilon 2023 Bank loans Hous1 loans Soclal Houslni Grant Mt ¥t Accrualj and deftrTed Income 49 1,761 1,182 3.833 1.139 1,994 The housini lo•ns Include 148reiitt •mounts of £561. The housln8 loall Is m•naied by Capita and held wlth Orchardbrook Limlted, It Is secured on ihe Hostel and Delta House Flats. The hou5in4 lo•n was driwn In Iwo tranches and was r•vable by Instalments •1 current r•te of Inieresi ol 10.37S% and 11.S% per •nnum respectively. The £741k12023- £769kl nk Iwn Is held wlth Natwest and Is secufed on Fuslon Youth Cenlre1&6 Old Clwlst(huith Lane). Trifford Hou5e138 Frances Roadl, Winlon YMCA11-7 Jan90 Iloidl and 337 Bournemt)uth Road. The bank lo•n is rep•yable by niL•lrnenis ai i cuNent r•te ol intef•sl of 2X per anrtum o¥ef base fate. after a re-finanan8 Within the yelr. As securlty, the bank holds • leyl ch•ry dated 24 l•nu•ry 2018 these propertle5. Gr•nt fund1 recelved frorn the Bli Lottery Fund Ss setured on the Teddy's Pre School (34 Sommet Ro•dl •nd Poke5d0 Y(M•th C•ntrt1108 0v111t Ro•d} properlles. Hlstorl¢ Soclal H¢yJslni Grant51s>ued rel•llni lo the develownent of the Wsto¥er RNd slte •nd 38 Frnncos Ro•d may be rvyable UP sale of these propertles. The total recover•ble ir•nl v•lues •re E2,830k for Westovtr RNd and £270k for Francls 16 Op•r•tlni1•4s•1 Gro Mlnlmum le•se ymentS under non.c•ncellible OP•fatlni l*a5eJ f•ll due •$ foll¢$.- 2024 2023 WSthln one year Between one •nd flve years More th•n flve ye•rs 142 28 77 960 1.963 105 Pale 43
Br•mouth Men's chr11•Th AssodaOn Nat•s to th• Fln•nd•l St•tern¢nis lor the Year Ended 31 Mw£h 1024 17 Ruorves R•canclll•tlon of mo¥em•rt In funds Group As•t 0110412023 Ast JII0312014 Itye Exp•ndtw• R•v•lu•tlon Tr1$ Unr•5trlrt•d lun Income •nd expendlture •ccount Qe518nated lunds.. Rent dp051t reseTh• Capltlbl expenditure Oepreclatlon iestrv• Townsend- Equlpm•nt •nd Sloflv Rev•luatlon Reserve 3.346 8.410 17.0831 12 4.685 690 131) 659 1.537 1,537 1,537 6,940 8.410 17,1141 li A•strl¢t•d Iwds RC Chatterboxes (Lottery lundedl Pokesdown Community Yoth Centre r•51rict•d r•5erves li 36 106 1891 28 36 Townsend Aenovatlon Townsend Furniture move.on Prole¢t He•t Source Pumps Pool cover 36 36 49 161 1931 Iiii 106 4,145 8.571 17,2071 1,537 7.046 As$1tIon A541 0110411023 In¢(ffie E¥pendllur• R•valuatlon Ti•nsl• É¢Joo 3110311024 £000 Unr•strlct•d lunds Income and expendlture Jccount Dt5i4nated funds.. Rent deposit reserve Depre¢i•tion reser¥0 C•pit41 expenditure Revaluotion Reserve 3.161 8,358 17,0281 4.500 690 659 1,537 1.537 1.537 6.755 3.910 8.358 17,0591 R•strlrt•d lunds RC Chatterboxe5 ILottery lundedl Move-on Project Heal Soufce Pumps Pool cover li 106 1891 36 36 li 157 1891 191 70 3.921 8,515 17.1481 1,537 6,825 P•ie 44
Bourn•mwth Youni Mqn'j Chdstl•n AsJoch•tlon Natos to the Anandal St•lements for th• Yur End•d 31 March 1024 17 Reser%s- contlnued comp•r•t1 r•condll•don ol ma¥•mrt In lundj Group As•t 3110312023 01104/ £000 Unremrfrted fvnds Income and eXpendItre iccounl Deslin•ted furKIs'. Aeni deposli reserve C4pStal expendlture D*precS•tlon reseThe Tawnsend - Equlpment •nd Sioraae 2.739 6.274 {5,6771 io 3,346 io 50 721 3.520 6,274 15,7091 li 4,096 R•5trlcted I0$ AC Challefbo¥es (Lottery funded) Pokesdov4tn Comrnunrty Youth Centre reslrlcled roser¥•s iio ii(h)I li 36 36 Towrns•nd R•nov•tlon 14 124 37 iioii 49 3.557 6,398 15.alOI 4,145 Aisocl•tlon AJ•t 3110312013 lo4112 EJp¢ndltUf• Tr•nsle Unrestrfd•d fvnds Income )nd expeThdllure •ccouni DeInated funds- Rent deposbt rese Depreclation reserv• C•pltal expendlture 6,196 15.5981 3,161 io 721 {ii 1311 3,344 6,196 15,6301 3,910 Il•strlct•d RC ChatteTboxe5 ILottery lundedl iio iiooi li iio 11(hJi li 3,345 6.306 15,7301 3.921 pa 45
ournernh Youni M•n'i Chrf5tI A$W¢tIl)rt Nai•s to the Anancl•l Siatements lor th• Y••r Ended 31 M¥th 2014 17 A¢nrts- contlnu•d •) Income and expendlture rt5eThe The Income and expenditure rosèp•é repiesents cumulatlve Surplus •nd defklts net of other •dJustments. bl Restricted reserve The resiricted (rity capltal reserve relates to spttlflc purpose, future refurts'shment and de¥elopment ol the CrIty. Outlined by Ihe donor (Man Vthlte Jnd Gllbert M•rsh•lll. r¢c Chatterboxes- Restrfcied ltsndltw for the purpose outlined by The 811 Lottery Reathlni Communlties Fund. Pokesdown restricted reser¥es- reslricted for purpose of Ossistlni youni people wlth irainln8 of travel. Mo¥e.On PfoJ•ct- Thi5 is 4 ir•nt to enable the Ymt• to employ o member of staff to help YAth move on dodslons eic. He•t Sourtt Pumps. Thls Is a irant to help t¢)w•rds a new he•tlng system ai Sandyholme. Pool wver- Thls irant Is to help i¢yw•rds • new swlmmln8 pool cTr4er •t the jutIOn. cl Oesi8naied Teserye The deslirtJtd depfeclatSon fund rel•tes lo the PYC pioperty and wlll be released as depreclatlon is charled ai•lnst thls asset. The Rent deposlt rtserve is held to aid with the Housln4 Rent Dep0511 Scheme which helps resldents who c•nnot Ply fent. C4pii•l expendlture reserve is held lor thls puryKbse. TownJend- E4ulpmoni •nd stor•ie reserve is hdd for the purchase ol equlpmvnt •nd storaie lor the yoth tntr•. 18 A•<on¢lll•tlon ol ¢wr•tln8 swplus I Id•fidtl io c4sh tr(Mn opv•tlni •ctl¥ltl•s GrIp 2024 GI0P 2023 Éooo 1,364 Surplus I Idefidtl lor the y••i Interest p•yable Interest received OepreciaiSon and ifflpalrment ol 14n8lble flxed •55et5 Amortls•tion ind imp4lrrnent ol taNlble fixed •siois Loss on d15pos41 ol ianilble n¥ed •ssel$ Loss on revaluatlon Ilncreasel / decrease In stoc Ilncreasel I decrease in liade other debtors Increa I Idecre•sel in Ir•de other credlitys 92 345 J12 69 737 12591 11,6181 Net c•sh flow frorn opv•tk* •rtMtles I,oiJ 781 19 P•n51M% •nd ather post-rellrern•ni b•n•llt%- Group Aswd•il al Deflned contrlbutlm penslon pl4n The Reiistered Provlder operates • defined contrlbLItI penslon pl4n lor Its employees. The amount re¢qnlsed as •n eypen5e In the period w45 E148.21112023- £145.3471. Pale 46
B¢Inem¢b YOU Men's Chrisiian Asswl•tl¢Jn Notes to th• Fln•ncl•l St4t•rn•nt fr>r the Year Ended 31 Marth 2024 20 R•lit•d rtY trins•rtlans- Group and Assocl•tl Bournemouth YMCA Is the parent entlty In the group and ultimate controllln8 Party. Exemption has been d•lmed Ir¢m prestntlni det•lls ol transacllonj between iroup entitle5 which are included In the consolldated financial st•ternent5. Durlni the perlod ended 31 Mafth 2024 8rnernOth YMCA had the follthvlnl related and a550ciated urtdert•klw: Polt•sdawn CThnfflunlty Youth Centr¢ Subsidl•ry name Charity reiistration Thurnr B•sls ol conirol Pokesdovm Communlty Youth Cefflre 301918 Sole trusteeshlp Total assets •s It 31 Marth 2024 Toial liabllltles Is Ot 31 March 2024 Total funds •$ •t 31 M•r¢h 2024 £ill,084 £12.637 £99,447 Incom• lor the ye•r to 31 March 2024 Empendlture fw the year to 31 Marth 2024 rpluj for the ye•r to 31 M•rch 2024 £45.961 £41.339 £4,622 Towns•nd yOh P•rtNfshlp Sub51diary n•me Ch•rlty feiistratlon nwmb•r Cornp•ny rwlstritSon numb•r 81515 of control Townsend Youth P•rtnersNp 1093213 01236016 Sole trustetshlp Totll •ssets Is •t 31 March 2024 TolJl Il•biiiiles •s •t 31 March 2024 Tol•l fvnds as at 31 Marth 2024 £163,214 £39,753 £123.461 Income for the year lo 31 March 2024 Expendlture for the year to 31 M•rth 2024 Surplus for the year to 31 March 2024 £43,292 £50,709 1£7.4171 The IS¢1tIon IJ under ihe control olthe Brd of Trustees. Oo•rd •nd key ffl•n•ymeTrt personnel rèMunr•llon Is disclosed in note 6. Ourlry the year ended 31 March 2Q24, one trustee wij relmbuised lor tr•vel exptnses totallln8 £9112023- £401. Duri the ye•r ended 31 March 2024, no Trystees m•de donailons to the 8oufnemoyth YMCA12023.' £771. P4e 47
Bourn¢m¢xrth Youn¢ M•n's Christkn Assocl•tl¢)n Note5 to the Finan¢lal Statements lor th• Y••r End•d JI M•ith 202A 11 Financl•l InJtrum•ntJ The carryin8 amounts ol the Repstered Prnvlder's flnaDd•l Instruments are as follows.. Group 2014 Gr¢)up 2023 AMod•tlon A¢Xl•llt)fi 2024 2023 Flnanciol assets Debt instrumtnts measured ai •mortised ¢05t'. Trade debtors Inote 121 - kni¢)unis ¢)wed by group undertaklws (note 121 515 511 458 515 519 465 Flnan¢lolllobllitles Measured It falr value throu8h the st•tem•nt ol comprehenslv• income.. Houslni Iwns (notes 14.151 56 57 56 56 57 57 56 57 Debt Instruments measured at am0$0 cost.. Trade creditors Inote 141 Other credltors (note 141 490 17 289 20 289 20 16 507 505 The incorne. expenses. ialns Ind net losses •ttilbuiable io tht Reilstered Provlder's financlal Instruments •re surnmlrlsed as lo110.. Group 1024 Group 2023 AS$1•150n Ass¢)¢liibon 2023 £000 2024 Éooo ItrKorne Dnd expefije Financial Ilablllties measured at falr v•lue thrOh tho statement of compiehen5ive income 161 59 59 ZZ Conilnient U•biiiil•s There is Jn employment trlbun•l wplni at the tlme of flftancial TepNtini. Érnplryffiènt trlbun41s could lead to Settlements In the reglon of between £l(*-£15k however the trustee board. upon advlsem•nt from le8al advisors. deem the p0551blllty of thls occurrini to be l¢)w. IJ A•v•lu•tlov ol propertles Hou5in6 propertlts •nd freehold pwoperties hive been rev•lued In the year. A sMmary ol th• rqv•lu4tions ¢•n be sn b•l¢>w.' Housln £000 Recoinised in Income and expenditure for the year Recoinised through revaluatlon rejerrfe In the ye•r Net effèct of revaluatlon 17371 1,160 423 17371 1.537 377 377 Page 48