Homes and Communlties 4ency re8lstratSon number.. H4246 Company re8iStr4tion number.. 3817056 Charlty re8istratlon number,. 1078728 Bournemouth yo￿8 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 I￿oMe 28 8alanc• Sh••ts 29 Stitement of Chanles In Eq￿ltY 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 rnWstr*lffj nwnb H4246 Comp•ny I￿11111110n 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) s1ft￿n Potterton Mark Petr•uth•5 El*lne Cowley (re￿ined 30 J•nuary 20241 S•u•tsry Ronn1* 6uil•r CEO G*ieth 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 lIna￿l•l sutements for the ye4r ended March 2024. which have been prepar*d 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 ttr￿Se 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 y￿r ind suth per￿n co.optsd •re eliiible lor elecllon at the next AGM, A revlew of the milor rlski to which the Charlty Is exposed Is Ur￿ertaken •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 ind1vid￿lI. &04￿￿11 AppTils•ls are urtdert•ken whlch illows for • corrtlnulni •5*5sment 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 ft￿d 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. • n*etini wlth other trustees. prnI1n￿nlry ¥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 I￿rnancI 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, lI￿nI w•ie. lob role responslbllltles, In￿tIOn 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 ca￿5￿ni Intreases to cost of m•terl•ls, a rnore competltlve lundr•151ni en7Aronment. f1s1￿ costs and utllitles •nd reduction in custorner confidenoo 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¢)urneM0￿h YMCA •lone) belorn acc¢￿ntIn8 • loss on revaluatlon ol fred￿ld 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- pri￿*ty 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 C￿t$ 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• Nei6hI￿VTlYj 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 pollclatlon and this, toiether with Careful bud8etln& maxlmlsln& Income lener•t1￿ *nd sound Ilnanclal plannlnL have helped tow•rds this ye•r's overall results. The Trusteos would Ilke to record ithelr ihanks and rncoinlilon io the Ma￿1eMent ind stiff, contlnued work effort, wolesslonèllsrn •nd eommltmtnt Is commended. In 2023124, houslni •nd 5UPPOrt V•*)rk ContIn￿ed to see hlgh dem¥￿ •nd • contlnued rlst In the level ol vulner•blllty need of those comin8 Inio our support services. We 5UPPUrted 211 people, ¥￿th 8CP C￿ncIl contlnuino to fund viè Supp)rtlni People Ind Protect lunds our full 73 hostel rooms. Our other 41 rooms of movtron 1ccomm￿allon **ie filled wlth oiher sell-referr•ls. The hou51ni department has worked hard io support cllent5 demonstratlni some very chaotlc behivlour and v¢Yd raies h•ve been hilher than prevlous years due lo slower-than-expected referra15 from the local authorlty and hlihef than expttted foorn r•pairs. The prt¥lous issue wlth bed buis has been resolved over•ll. Wlth new re8ulatlons belng put Into pllce lor Socl•l Housini we h•ve Wofked hifd to ensure we are ready for the Ihawes and art Providing the best service w• c•n to our ¢ll•nti, meetlni all buildirw Ind consumer stand•rds to wovide • s•fe •nd sultable hom• lor them. as we help t￿rn move back into independence. stsff turr)ovèr h•$ l)een h1￿ over the year. but despite thls cllent •ctlvltlos h￿Q continued to be pro¥lded wlth i virlth ol Sport1￿ Jctiviti¢s. group Out1￿$. •rt •nd craft optlons and 5t•ys at our Sandyholme resldentlal cenire lor ihe ¢lient5, SUPPOrtqd by our housini and chaplalncy teims, These •¢tivlties give clienl5 ¢)pportunltles to ￿ve mean1￿fUl occupation and to ialn conlldence and soclal skllls whllst cre•iin8 PDsltlve memories. The Chlldrtn's Centre5lFamily Hubs C￿rtract ilso contlnued In Pokosdown and south1￿urnQ. Townsend and Queen's P4rK the seryice level a8reernenl was unchan8ed. We continue to see Increaslng dernand for counselling support for famllie5. BCP Councll contlnued to cevlew the provislon of F•mlly Hubs lor lamily and children's services and are worklni wlth them •$ ch•nge5 are belni mad¢. Wilh the declslon In 8CP's hands, we hope to retaln ry irow oui Involvtment of l•mily hubs in the future across all of OCP. We were also able to help loul f•mllles wilh the dellvery of 419 food bay. Tl* pre-school C￿rtInueS to tl¥bve ¥Ath iod occupancy. we are ir•teful to aur nurs1￿ stiff •nd m•n•iement fo¥ • very effectlve and needed service. The Child Contact Ctnire has conilnued to 8row In demand v4ith a much-increased number ol referra15 includin8 from more Local Authorities. who have rectynised our hlzhly qualllied staff provision, vthereas some contacl servbces èfe fun by volunteers. We provided 1541 of farnlly tlrne to enable children io see their non-resldent parent. Pale 18 Bournemouth Youni Men's Chrlstlin AssodAtlon Trustees report for the Yeaf Ended 31 Marth 2024 Fln•nd*l 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 y￿￿nI 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, MI￿1. $￿'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, VI￿On lor the futu￿ of cwrdln•ted oper•tiCffls In tho communttlej we serve. T￿re 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 r*nimed It 8•yslde under Its new YMCA m•nwmeni. The membersNps cwtlnued to ir¢)w Irom $22 when we st•rted to over 1.300 and rislni mtmbefs by the end of the flnanci•l yur. We took over a dedlcated and experienced teJm of sl•ff vkno work hard to m•ke thls l•cillty the best It can be •rKI with continued Investment In the laclllty we alm io make this a place people In the local communlty want to •tt•nd to form Irlendshlps and conne¢tlons whilst developlng i h￿1th¥ mlnd, body and 5plrlt. We Ilso contlnue to p•rtner with loc•1 provldefs lo offer cllnlc•l super¥lslon to thelr teams the service offer5 In •xcoll•nt support to miny pwoplo In the locil •re• •nd fof them lo support I￿or front41ne 51•ff w4th cllnlt•l supeThlslon. Ovr fundralsinl ie•m •re ￿￿1*In1 very hrd to wppcrt the costs of Nnnlno thls Incredlbly v•lu•ble ieThlc•. Pokesdwn C(ffimunlty Youth Centre coniinues to oper•te •$ • 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 conc*nir•te on provldlni on4olni s*sslons from fo*nsend e•ch week. W• youni people a safe place to play afKJ yow, prxes a150 provldlni tralnini. support and advlce to local buslnesses on supportln4 pèople Ylth d15atslllle5, The Charltfs Str*te￿ contlnues to bv one of Inientlonal development In our primary operational ire•J, slrmni for excellence. Chri5tiarb compasslon. •nd wholtness of life In our staff Jnd those we seNe. Wt continue to look for opportunltleJ to de¥elopi particularly within leisure, fafflily hub Ind hous1￿ proyarnme$" we are 5trlvln8 to Cfe•t* •flordable, effective and sust•lnable servlces to our local comrnunitie5. Thore w•5 oniolw Investment in CAPEX throutsjut the fin•nd•S V••T to *n9￿re l•cllltlei h•ve kept vp to • iood standard. Reserves have been sir*n6thened to a total £7,046K1É4.145K in 20231. Re5eThes •re held for the furtherance of the developrnent of the •clhltles ol YMCA 8ournomouth and Its wemises. and to allow conllnued c•plt•l Inv•strn•nt In the bulldlnis and in1r•struct￿r•. Rèstricted reserv￿ as •t 31 March 2024 are É106k12023.' £49KI- oe5iinated reserves •re £718k {2023: £750K). Follo%￿ne 1 chanie to revaluailon model for Housln8 and freehc4d propertlo5 In the year, the group now also holds 4 rev•lu•tlon rtserve iotslliDI £1,537k. The Trustees cth)sldei ihai the financial performance reflects the actlvlty under8Ont in the period aad contlnue to be satisfied that fviure beneflts wlll be derlved from iheffl. Pale 19 8ourftemouth Youni Men'5 Chrlsilan Assodatlon Trustee5 report for the Year Ended 51 M4r¢h 2024 Strateilc Re¥lew Thls report15 • fair fevifw pf 8ourntynL￿th YMCA'S buslne55 Irbd15 in •¢cordance wlth the SORP. Areas that have ￿efi ret￿nised •re: Ellectkve I￿￿￿e$S plannl Effective performance mana8ement ol all stoff to ensure all aCtI￿lIeS ale dellvered to the hlihest posslble standard In exceptlM•l clrcum51•nce5 4*lth 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 I￿lIVIdual and fomrnunlties Be￿1115 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$1San value5 Expand use of volunteers to en￿nce servictS Secure existlni lent ch•ries Ind •ddltloNal I￿Port fvrKllry- p•rtnerln8 wlth Loc•1 Iuthoritles Devel¢)p and Increase in quantlty and q￿lIty of Kcomrnodatlon pre￿Ie fof future SP fundlni chanies Continut ouireach work lor street horn•less Vlnklnq wilh Chèplalny t•aml •nd **rk to combat IK¥melessness In our afe• Provlde excellent l•rnlly support serylces In the lotal •¥ea •nd s•cure Chlldren'j ¢enlre contracts Further •xp•nd our chwl•iKy and counjelllrq seThlces xp•nd hollday activilles ale$ 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 AS￿latIOn Twstee5 report lor th• Year Ended 31 Maich 2024 V￿u• 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 B0￿rneMo￿th 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 c￿lture 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 reCO￿lse 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. E51￿11ty YMCA ￿rnemoUth Is r•qulr•d to •isess the Imw 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 0￿h1 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 A￿QdatIon 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 7*hlch 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•tem*nts, Includlni a summary of sh8￿1{C*nI •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 Repor￿n& 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 e￿Ied.. . 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 resP￿sIbIlItIeS 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 responsibilit*s 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 whlnpll•nce wlth l•ws •nd r*iulitlons. 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 itr*v 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 c￿trOl5 manaiernent has In place lo prevent and dete￿ fr•ud: 21 Under51andln8 how those charged with ￿Vern4￿ce 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 SU￿luS I Id•lldt) 355 393 359 381 Inttr•st recelvable ind Jlmll*r Income Ini•r•sl p•y•bl• •nd sifflll•r ch•rys 192) 1921 In5Ufince clalffl Galnll10$5) on revilu•tl 53 1737) 187 53 17371 187 23 5urplui I Id•flcltl lor ih• y••r 13971 588 576 Rele•se ol Socl•l Houslni Grants due to th•nie io revaluatlon model R￿*1￿1110n of property 15 1.761 L761 23 1.537 L537 Tot•1 a)mpr•I￿nI•¥• Incom• tor thq y 2,901 588 1904 576 The income •nd expendlture iccount h•s be•n prepared on ihe b•sls th•t •ll operatlons are contInul￿ 0p¢r•t1(￿S. Th• inco ¥n It￿re accoynt was ipproved on....... ................... l￿d on behall of the bo•rd by: Richard Elms, Chalrman Colln H•rtl• TfUSte• The notes on pays 32 to 48 ftym part of these ftnantlal stJtefflents Pile 28 Bournemouth Youni Men's Chrlstl•n Assodatlon Independent Auditor's Ileport lorthe Year Ended 31 March 2024 UR01￿rIe This report15 m•de solely IQ tl* assocl4tlon's mernber5, •$ • 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 fl￿d 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 Gr￿P 2024 Total GfOUP 2023 Total Asso¢latlon 1024 Tot•1 Ass(Klatlon 2023 Totsl Not• FIMed •ssets lrtanilble issets T•niibl• •$￿t5 9.10 7551 6.574 7.425 6,435 7.551 6,574 7,425 6.435 Curi•nt •sws stocks DEbtors Investmenls C•sh at blnk Ind In h•nd li 12 13 707 756 501 1,178 710 506 1.350 757 501 1.047 1.494 2.714 2.441 2.573 2,311 Cr•dltors: •mounts f•lllN wlthln an• V••f 14 11.2251 IL0371 11.1791 19921 N•t furr•nt •ss•ts I Ill•bllltl•%) 1.489 1.404 1,394 1.319 Tgt•l •ss•ts less ¢uN•nt Il•blNtl•s 9,040 7,978 8.819 7.754 Cr•dltors: •rnounts f•lllw du• •ft4r more th•n on• y••r 15 11.9941 11833) 11.9941 13.8331 Total net Iss•ts l {Il•bblltl•sl 7.046 4,145 6.825 3.921 Reser4 Income and expenditur• r•s•rve Revaluatlon reserve Reslrlcted reserve Desiinated resèr 17 4,685 L537 106 718 3.346 3,161 17 17 17 1.537 70 718 49 750 li 749 TO1￿ r•s•rns 7,046 4,145 6,825 3,921 The Slin l staternents were •pwo¥ed and authorlsed fry Issue by the board on ....... all of the board by Rich•rd Elms, Ch•lrman Colin Hartl•nd, Trust• rthes on pales 32 to 48 part ofthe5o fin•Trcl•l sutemerts Pale 29 Boumemouth Yotsni M•n's Chflstlan Assocthtlon Stalement of Changes In Reserves for th• Y••r End•d 31 March IOZ4 Cxoup Incomeand expenditure reserve R•strict•d D•sl8nèied resefve reser¥e rtser¥e Totsl £000 £000 At 31 March 2022 2,739 37 781 3,557 Surplus I Idoficitl fi)r the ye•r 597 23 {32 588 Tot•1 compreh•n4v• Incom• 597 23 1321 Tr•nsfefS io Iiii At 31 M•r¢h 2023 3,346 49 750 4,145 Surplus I Id*ficltl for the yeir 14341 131) 1397) Releast ol Sod•l Hous1￿ Gr•nts due to ch•nie to I￿aluati¢)￿ model Rev•lu•tlon Iseo note 171 1,761 1,761 1,537 1.537 Trfll tompi•h•Dslw Incom• 1.327 1,537 68 1311 2,4JOI Transfefs (see not¢ 171 12 Iiii At 31 M4rch 1014 4.685 1,537 106 718 7,046 A$￿1*110n 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 ffl￿e1 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*¥ •ClI￿lI*1 921 717 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 •¢11￿tI (36) 11021 N•t In¢r••J• I Id•ty••wl In ush and ¢•th •wIV￿onI$ 227 C•sh •nd c41h •quI￿1•￿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$5 01 th• ro*stered office is liven in the reiistered provlder Informatlon of these financi•l statements. (•) Gentr•l Inform•tlon •nd ￿515 ol pr•p•ratlon The niture of the registered provider's opeiatlon5 Ind prfnclp•l •rtlvltles Ire. provklln8 re51denti41 accommoda11￿ In Ihe form ol flat5 and hostel rooms to those In conditlons of need, hardshlp or dlstre55 due to their so¢ial, physlcal or ecoTh)mlc ciT¢umsi•nces. The Associotlon Is tommitted to helplni pe¢)ple. partlcularlv voun8 people, at tlmes of need reiardless ol thdr Bender, race, •blllty or f4lth. In wder to fvlfil these oblectlves the Assoclation operate5 • comprehenslve ranle ol pro8rammes ol a sportin8. social and cultural Mturt. This Involves the manaiemeni and operaii¢)n of three youth centres. chlldren's centre, chlld coniact centre Jnd pre i¢hool. J retr*•t centre •nd the man•8ement ol a lelsure centre. The r¢iiStered provkler constllutes a publ1¢ benelbt entlty Is defined ty FRS 102. The fin•ncial 5t•tements h•ve been prepared •ccord•nte wlth •ppllcable accountlni standards lrtcludlng Flnanci41 Reportlng Standard 102 The Financlal RepcKtln8 St4ndird Appllcable in the UK and Republic of Ireland IFRS 1021. the Ststement of Recommtnded Pr•ctluJini lo•n interest fkiure In¢l¥ded charles for e4rly 5ettlemeni of £64.907 •$ 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 0rdIr￿ry *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 b*n*thts In klndl for iudS1 Audltof's remunerltlon (I￿ludI￿ expen$e5 •nd benefits in klndl for non-audlt Depreciat1￿ of tanw.ble fimed assets Impalrrnent of t•nilble fiJ(ed assets Oper•tln8 le•se feni•ls 25 24 19 345 67 269 43 327 67 249 43 35 35 6 BO1￿ and k•y ffi￿•s•M•nt p•rwnnd rnmuner•tlon- Grnup •fid A550d•llon The total rernuneratlon lor key m•n•iement perS(￿ne1 in the year to 31 March 2024 amounted to £91k12023- £82kl. Directors are dtflned as the membefs ol the boafd, the CINef Executive and member5 of the Se￿01 m•ni8ement team or Its equi¥•lenL vknlch Is also the deflnrtlon ol key manaiement personnel. The hilhest paid director received £91k12023 . £69kl rernL4ner•tlon lexcludlng pensi¢)ns contrilwtlons) In the year ended 31 M4rch 2024. The chief executivels •n ordlnary member of the pen￿0￿ scheme. No enhanced ry special terms apply. Durini the year ended 31 March 2024, one trtsstee was ielmbursed for tia¥el expenses lot4111n8 £9112023- £401. Durlno the ye•r ended 31 M•rch 2024, no Trustees made donations to the Boufflemouth YMCA12023.. £771- Pa8e 37 Baurnemouth Youn8 Men's Chrlstlan A5yxlatlon Notes to the Flnanclal Statements lor the Year Ended JI Marth 2024 7 St•ff cost5 The avtraie monthly number of employees, IndUd1￿ rnembers of th* executlve teJm. during ihe year was as tollow5.' P•rlod 01.04.23 PeTlod 01.04.22 to 31,03.24 to 31.03.23 Nurnber N￿nber M•n•i•m•nt •nd •dmlnlstr•tlon Dtvelopmenl Housini. support and cafe Non. h¢usln8 OPQf•liry)s 19 20 24 53 98 26 The average numlxr of employees, Includlnl members of the executlve team, c4lculat•d on • fvll ilm• •qulv•l•nl w•$ 98 employees12023- 881. Full time equlv4lent •ssumes a 40 hour wofkln8 week, Th• •¥•ra8e he*d£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 P*rlod 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 Pen￿On5 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 AmortI￿￿On. 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 •ss*ts of Br￿dstone Lelwre Centr•. 9 T•nilbl• fix•d •5s•ts- ￿(￿In1 prL¥•rtl•s- •nd A*s¢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•c￿nIStd 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 chrI￿an Awclallon Notes lo the Flnan¢l¥l Statements for the Year Ended 31 Ma￿h 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 Gr￿P Freehold L•nd and Free￿Id 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 IM￿k 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 lease1￿Id 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 •ccTh￿d Incom• 191 213 220 238 217 244 192 292 756 191 710 292 757 IJ Current •Hel Investm•nlS. Gr￿P and As%xl•tlon 2024 2023 £O(K L15ted 5nvestments Short tefm deposi15 506 501 506 501 14 Cl•dIt￿l. •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¢1*lon 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 Jan￿90￿ 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 ￿0v￿111t Ro•d} properlles. Hlstorl¢ Soclal H¢yJslni Grant51s>ued rel•llni lo the develownent of the W*sto¥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¢￿$.- 2024 2023 WSthln one year Between one •nd flve years More th•n flve ye•rs 142 28 77 960 1.963 105 Pale 43 B￿r￿•mouth Men's chr11￿•Th Assoda￿On Nat•s to th• Fln•nd•l St•tern¢nis lor the Year Ended 31 Mw£h 1024 17 Ruorves R•canclll•tlon of mo¥em•rt In funds Group As•t 0110412023 As*t JII0312014 I￿ty￿e Exp•ndtw• R•v•lu•tlon Tr￿￿1$ Unr•5trlrt•d lun Income •nd expendlture •ccount Qe518nated lunds.. Rent d*p051t 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 Yo￿th 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$￿1￿tIon A541 0110411023 In¢(ffie E¥pendllur• R•valuatlon Ti•nsl• É¢Joo 3110311024 £000 Unr•strlct•d lunds Income and expendlture Jccount Dt5i4nated funds.. Rent deposit reserve Depre¢i•tion reser¥0 C•pit41 expenditure Revaluotion Reserve 3.161 8,358 17,0281 4.500 690 659 1,537 1.537 1.537 6.755 3.910 8.358 17,0591 R•strlrt•d lunds RC Chatterboxe5 ILottery lundedl Move-on Project Heal Soufce Pumps Pool cover li 106 1891 36 36 li 157 1891 191 70 3.921 8,515 17.1481 1,537 6,825 P•ie 44 Bourn•mwth Youni Mqn'j Chdstl•n AsJoch•tlon Natos to the Anandal St•lements for th• Yur End•d 31 March 1024 17 Reser%*s- contlnued comp•r•t1￿ r•condll•don ol ma¥•m*rt In lundj Group As•t 3110312023 01104/￿ £000 Unremrfrted fvnds Income and eXpendIt￿re iccounl Deslin•ted furKIs'. Aeni deposli reserve C4pStal expendlture D*precS•tlon reseThe Tawnsend - Equlpment •nd Sioraae 2.739 6.274 {5,6771 io 3,346 io 50 721 3.520 6,274 15,7091 li 4,096 R•5trlcted I￿0$ 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 lo41￿12 EJp¢ndltUf• Tr•nsle Unrestrfd•d fvnds Income )nd expeThdllure •ccouni De￿Inated 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 ournern￿h 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 C￿rIty. Outlined by Ihe donor (Ma￿n 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 ju￿tIOn. cl Oesi8naied Teserye The deslirtJt*d 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 yo￿th t*ntr•. 18 A•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 8￿rnernO￿th YMCA had the follthvlnl related and a550ciated urtdert•klw: Polt•sdawn CThnfflunlty Youth Centr¢ Subsidl•ry name Charity reiistration Thurn￿r 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 yO￿h 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￿¢1￿tIon IJ under ihe control olthe B￿rd of Trustees. Oo•rd •nd key ffl•n•ymeTrt personnel rèMun*r•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 thrO￿h 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 s￿Mmary ol th• rqv•lu4tions ¢•n be s￿n 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