Docusign Envelope ID: A6D866EI-92E0415D-BFCE-EAE41 FDF707E
Charity registration number 1080111
Company registration number 03866756 {England and Wal951
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr D Forrester
Ms K L Jackson
Ms S M E Haines
Mrs K Wooller
Ms C C Brown
(Appointed 24 October 2023)
(Appointed 21 May 2024)
Charlty number
1080111
Company number
03866756
Registered office
Peile House
255 Pitsmoor Road
Sheffield
S3 9AQ
Auditor
Knowles WarwickAudit Services Limited
Charlotte House
500 Charlotte Road
Sheffield
S2 4ER
Bankers
HSBC Bank pl¢
Parade Building
Stocksbridge
Sheff181d
S30 5DH
Santander Uk PIC
Bridle Road
Bootle
L30 4GB
Yorkshire Bank
Fargate
Sheffield
S1 1LL

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SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
CONTENTS
Page
Trustees. report
Statement of trustees, responsibilities
Independent auditorfs report
Statement of financial activities
Balance sheet
9-10
statement of cash flows
11
Notes to the financial statements
12-24

Docusign Envelope ID.. A6D866E1-92E0415D-BFCE-EAE41FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees p￿sent their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charily's Igoveming documenll, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
{effe¢tive 1 January 2019).
Objectives and actlvltles
Last year. Sheffield YWCA focused its efforts on six key areas that form the pillars of our charity's strategic plan-.
finance, governance, strategic alliances. profile. employer of choice, and quality. These core areas represent th
foundation upon which we strive lo ensure sustainability and growth, particularly al a time when resources are
diminishing. demand for services is increasing, and competition within the sector is intensifying. This year's Trustee
Report will continue to follow the same structure, providing insights into our progress and the challenges we face as
we move forward.
Flnance: Sheffield YWCA recognises that to fulfil our charitable aims, we must strengthen our financial resilience
through diversification and by maximising all available financial opportunities. This year, we took significant steps in
this direction by reinv8sting our reserves for better returns, ensuring a more sustainable financial future. In addition,
we secured further fvnding from the Violence Reduclion Unit (VRU) to continue the effective work with vulnerable
and homeless young women, whose wellbeing had been significantly impacted by the COVID-19 pandemic. As part
of a consortium in Rotherham, we were successful in obtaining National Lottery funding, allowing us to offer a
comprehensive range of services to children and young people in the area. Finally, we increased revenue from our
charity shops, thanks to the hard work and dedication of our committed volunteers. These collective efforts reflect
our focus on building financial resilien￿ to meet the growing demand for our specialist services.
Governance.. This year, we are delighted to welcome Kelly Wooller to the Sheffield YWCA board. Kelly brings with
her a wealth of experience in first aid, business, and networking, and we are incredibly grateful to have such a
brilliant role model for young women joining our team. Our Chair, who was appointed last year, continues to provide
strong leadership as a committed male ally, leveraging his expertise in business and finance to further the work of
Sheffield YWCA. We remain fully committed to upholding the highest standards of governance. as this not only
holds us accountable to our funders but also ensur8S that we remain true to the women, child￿n, and families we
serve across South Yorkshire.
Strateglc alliances: Sheffield YWCA continues to build on our strategic alliances, fostering relationships with
statutory, business, and voluntary sector partners. We have again been privileged this year to receive support from
S2S Group, CB Kaymich & Co, Premier Partnership, Tesco, Ikea, South Yorkshire Rock Choir, and many more.
Building on this success will remain a key focus for the organisation moving forward and will be a significanl part of
the work we are doing under the 'profile' strand of our strategic plan.
Profile: This year, Sheffield YWCA was pleased lo be 5hortlisted for Charity of the Year by the Rotherham and
Barnsley Chamber, and whilst we did not win, we were proud to be 'highly commended., a testament to the impact
of our work and growing recognition in the community. We have also continued our efforts to raise our profile by
working closely with a PR specialist, and as a result. we have featured in both local and national press, sector-
specific publications, and on radio. This increased media exposure has helped to highlight the vital work we do. Our
social media reach has expanded Significantly, with plafforms such as Facebook and Linkedln playing a key role in
amplifying our message. As a result, Sheffield YWCA is becoming more widely known, and our growing presen
will help to strengthen our voice and influence in the sector.

Docusign Envelope ID.. A6D866E1-92E0415tkBFCE-EAE41FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employer of choice: At Sheffield YWCA, we have been actively working towards becoming the employer of choice
in our sector by investing in the wellbeing and development of our staff. As part of this commitment, we have
extended our comprehensive range of wellbeing tools by introducing an annual leave buy-ba¢k scheme, offering
greater flexibility and support to our team. Additionally, we continue to work with Investors in People, ensuring that
we embed a culture of continuous improvement and maintain high standards in how we support and develop our
people. We have also fully implemented the People HR system, which empowers staff with greater autonomy over
their personal records, holiday requasts, and other administrative tasks, streamlining processes and enhancing their
experience with us.
Quallty: Sheffield YWCA is committed to ensuring the highest quality of services through rigorous standards and
continuous improvement. We are proud to have once again achieved the ISO 9001 standard, earning a remarkable
100/0 compliance across all areas. Additionally. we have maintained our CHAS registration. demonslrating our
commitment to health and safety. As part of our ongoing efforts to enhance our service delivery, we are actively
working towards Ofsted registration, which will enable us to accommodate more children and young people in our
services. To further bolster our safeguarding practi¢es, we continue to employ a Safeguarding Lead for the
organisalion, alongside a dedicated Quality Lead Officer who oversees all quality standards within Sheffield YWCA.
Moreover, we continue to support a number of student social work placements this year. This initiative not only
provides valuable work experience for students but also enriches our organisation with the latest theoretical
approaches and best practices they bring to the table. Through these efforts, we are committed to maintaining and
enhancing the quality of our services for the communities we serv8.
This year we relained all services, having competitively tendered for Fleming Gardens, and we have continued to
use res8rves to fund posts in all geographical areas to increase capacity and aid innovation.
The volunteer program at Sheffield YWCA is thriving, with ongoing recruitment and retention of diverse volunteering
roles, including remote befrienders and volunte6rs for administrative and support tasks. This initiative enhances
service capacity, improves client support, and fosters the development of skills and confidence amongst volunteers.
Our charity shop in Sheffield continues to significantly contribute to the funding of our Peile House Project,
supported by a dedicated and skilled group of volunteers.
The Board expresses gratitude to the organisation's management team. our committed and talented staff, our
volunteers, and our partners for their support throughout the year. Their knowledge. commitm8nt, and tireless efforts
are crucial for us to maintain our vital work in supporting the mosl vulnerable women. children, and families in South
Yorkshire.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
¢harity should undertake.
Flnanclal revlew
The income and expenditure of the charity for the year and the state of affairs at the end of the year are shown on
pages 9 to 11. The trustees are satisfied with the position of the charity at the year end. The financial statements
show a deficit for the year of £72,814 and total funds of £1.438.409, being a decrease in funds of 4.8Yo.
The charity aims to maintain the return-on-investment funds, and the value of the investments increased in the year
by £3.950. The charity manages its investments with the help of an investment adviser and the investment income
is budgeted to support salary costs. The charity aims to preserve sufficient funds to enable it to continue its normal
aclivity.
The charity's main funders are local councils through Supporting People grants and housing benefits. This income
enables the charity to provide accommodation and support for the residents. It is only with this funding that the
charity has been able to meet its objectives.
The trustees have reviewed the Gharity's finances and consider that adequate resources are available to fund its
activities for the foreseeable future.

Docuslgn Envelopo ID: A6D866E1-92E0415D-BFCE-EAE41FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to belween three and six month's expenditure. The tTUStees consider that reserves
at this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the charity's
current activit18s while consideration is given to ways in which addltlonal funds may b8 raised. This level of reserves
has been maintained throughout the year.
The directors also consider that a further reserve based on four months expenditure is sufficient to meet the
Association's obligations in th8 event that services ar8 complelely decommission8d. The trustees have provided for
£505,515 of these potential obligations in the Contingency and Redundancy Fund, they have also provlded various
other designated funds which at the year*nd total £60.444. Restricted funds have been fully realised in the period,
the remaining balance of £872,450 is unrestrlcted funds at the year-end.
Structure, governance and management
The Sheffield Young Women's Christian Association Is a registered charity (Charity number.. 1080111), and a
company limited by guarantee (Company number.. 03866756). The charity operates from Peile House, 255
Pitsmoor Road, Sheffield, S3 9AQ.
The Association was incorporatsd on 27th October 1999 and is govemed by the Memorandum and Articles of
Association. All powers of management and control are vested in the executlve commrttee.
The directorsltrustees are appointed at the annual general meetlng. They m8et P8ri0di¢ally to consider and
fomulate policy. They are also responsible for the management of the Charity. including the appointment and
discharge of staff. the making and altering of rules, and th8 authority for all exp8nditur8.
The trustees, who are also the directors for th8 purpose of company law. and who served during the year and up to
the date of signatur8 of the financial statements were:
Mr D FO￿eSter
Ms K L Jackson
Ms J J8sper
Ms W Peake
Mr M White
Ms S M E Haines
Mrs K Wooller
Ms C C Brown
{Resigned 24April 2023)
(Resigned 24 April 2023)
(Resigned 30 Juty 2024)
(Appointed 24 October 2023)
(Appointed 21 May 2024)
Recruitm8nt and appointment of truste8S
Non8 of the trusteas has any beneficial inter8St in the company. All of the trustees are members of the company and
guarantee to contribute £1 in the event of a winding up.
Auditor
In accordance with the companrfs articles, a resolution proposing that Knowles Warwick Audit Services Limited be
reappointed as auditor of the company will be put at a General Meeting.
The trustees. report was approved by the Board of Trustees.
D¢¢u8lin•d by-
3OXCWZF37X47C.::'"
Mr D Forrester
Trusts8
Date: ..
2£ .11. 20214

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SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees. who are also the directors of Sheffield Young Women's Christian Association for the purpose of
company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting
Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources, induding the
income and expenditure, of the charitable company for that year.
In preparing these financial statem8nts, th8 trustees are required to..
select suitable accounting policies and then apply them consistently.,
- observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.,
state whether applicabl8 UK Accounting Standards have b88n followed, subject to any mat8rial departures
disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any lime the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable sleps for the prevention and detection of fraud and other irregularities.

Docusign Envelope ID.. A6D866E1-92E0415D-BFCE-EAE41FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
Opinion
We have audited th8 financial statements of Sheffield Young Women's Christian Association (the 'charty') for the
year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of
cash flows and notes to the financial statements, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards.
including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Acc8Pted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) IISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees. use of the golng concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may Gast significant doubt on the charity's ability to continue as a going
conc8rn for a period of at least ￿e1ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other informatlon
The other information Comprises Ihe information included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information contained within the annua
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider
whether the other information is materially inconsistent with the financial ststements or our knowledge obtained in
the course of the audit. or othemise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements. we are r8quired to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed. we conclude that there is a
material misstatement of this other information, we are required to report that fact.
We have nolhing to ￿pOrt in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports} Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the trustees.
report; or
sufficient accounting records have not been kept.. or
the financial statements are not in agreement with the accounting record5- or
we have not received all the information and explanations we require for our audit.

Docuslgn Envelop9 ID.. A6D866El-92EO415￿BFCE-EAE4lFDF7O7E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view. and for such internal control as Ihe trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing. as applicable, matters related to going concern and using the going
concern basis of accounting unless the truslees either intend to liquidate the charitable company or to cease
operalions, or have no realistic alternative but to do so.
Auditor's responsibilities for the audlt of the financial statements
We have been appoinled as auditor under section 144 of the Charities Act 2011 and report in accordanc8 with the
Ad and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are f￿e from
material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducled in accordance
with ISAS {UKI will always dele¢t a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements. As auditor, in accordance with
ISAS (UKI. we have exercised professional judgement and maintained professional scepticism throughout the audit.
The extent to which our prO￿dureS are capable of detecting irregularities, including fraud, is detailed below.
We assessed the susceptibility of the company's financial statements to material misstatement. including how fraud
might occur, by.
Making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud; and
Considering the internal Controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
In respons8 to the risk of revenue recognition, we:
Performed analytical procedures to identify unusual transactions- and
Performed detsiled substsntive testing across all revenue streams
In response to the risk of fraud through management bias and override of controls, we..
Performed analytical procedures to identify unusual transactions.,
Assessed whetherjudgements and assumptions made in determining the accounting estimates were
indicative of potential bias., and
Investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included. but were nol limited to..
Agreeing financial statement disclosures to underlying supporting documentation
Enquiring of management as to actual and potenlial litigation and claims., and
Reviewing corresF)ondence with HMRC and other relevant parties.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https.'Il
www.frc.org.ukJauditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity's trustees. as a body, in accordance with part 4 of the Charities (Accounts
and Reports} Regulations 2008. Our audit work has been undertaken so that we might stste to the charity's trustees
those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Docusign Envelope ID.. A6D866E1-92E0415D-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
Steven Knowles FCA (Senior Statutory Auditor)
for and on behalf of Knowles Warwick Audit Services Limited
7128A19661IA4￿.
Chartered Accountants
Statutory Auditor
Charlotte House
500 Charlotte Road
Sheffield
S2 4ER
Knowles Warwick Audit Services Limited is eligible for appointment as auditor of Ihe charity by virtue of its eligibility
for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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173 Q>

Docuslgn Envelope ID: A60866E1-92E0415D-8FCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible assets
Inveslments
15
16
1,026,160
1,041.109
48,900
1,026.160
1,090,009
Current assets
Debtors
Cash at bank and in hand
17
145.022
385,314
115,660
409,993
530,336
525,653
Credltors: amounts falllng due within
one year
19
(71,559)
(51,124)
Net Current assets
458.777
474,529
Total assets less current Ilabllltles
1,484,937
1,564,538
Credltors: amounts falllng due after
more than one year
20
{46.528)
(53,3151
Net assets excluding penslon Ilablllty
1,438,409
1,511,223
Net assets
1,438,409
1,511,223
The funds of the charlty
Restricted income funds
Unrestricted funds general
Unrestricted funds d8signat8d
23
5,493
934,386
571,344
872,450
565,959
1,438,409
1,511,223

Docusign Envelope ID= A6D866E1-92E04150-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
BALANCE SHEET {CONTINUED)
AS AT 31 MARCH 2024
The company is entitled to the exemption from the audit requirement contained in section 477 of the CompaniesAct
2006, for the year ended 31 March 2024, allhough an audit has been carried out under section 144 of the Charities
Act 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements under the requirements
of the Companies Act 2006, for th8 year in question in accordance with section 476.
These financial ststements have been prepared in accordance with the provisions applicable to companies subject
lo the small companies regime.
The financial statements were approved by the trustees on
Do¢uS1o￿ad by..
38AeèA02P3PMIO.:"
Mr D Forrester
Trustee
Company registration number 03866756 (England and Wales)
10

Docusign Envelope ID: A6D866E1-92E0415D-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash absorbed by operations
28
150.992)
(30,3821
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of investments
Investment income received
{18.636}
48,900
3,950
(144,694)
508
Net cash gènerated froml(used in)
Investing actlvitles
34,214
(144,186)
Financing activltles
Repayment of bank loans
{7,901)
{9,1711
Net cash used in financing activities
(7.901)
(9,1711
Net decreasè In cash and cash equivalents
(24,679)
(183,719)
Cash and cash equivalents at beginning of year
409,993
593,712
Cash and cash equivalents at end of year
385,314
409.993
11

Docusign Envelope ID: A6D866E1-92E0415D-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
Sheffield Young Women's Christian Association is a private company limited by guarantee incorporated in
England and Wales. The registered office is Peile House, 255 Pitsmoor Road, Sheffield, S3 9AQ.
1.1 Accountlng convention
The financial statements have been prepared in accordance with th8 charity's Igoverning documentl, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland. ("FRS 102") and the Charities SORP"Accounting and Reporling by Charities: Statement of
Recommended Practic& applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial stataments are rounded to the nearest £.
The flnancial statements have been prepared under the historical cost convention. The principal ac¢ounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, there are no material uncertainties and the trustees have
reasonable expectation that the charity has adequate resources to continue in operational 8XlStence for thé
foreseeable future. Thus Ihe trustees continue to adopt the going concern basis of accounting in preparing the
financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions hav8 b8gn met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on r8ceipl. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferr81 of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on re￿Ipt or othemise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as
contingent asset.
Grants are credited to revenue when receivable. They are considered receivable when the Conditions for
receipt of the grant are deemed, by the trustees, to have been met.
Interest on funds held on deposit is included when receivable and this is normally upon notification of the
interest paid or payable by the Bank.
12

Docuslgn Envelope ID.. A6D866E1-92E041 SD-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
{Contlnued)
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by aclivity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct cosis attributsble to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and
d8precialion charges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost orvaluation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Freehold land and buildings
Fixtures and fittings
20/0 Straight line
20 % reducing balance120Vo Straight lin8 for computer
equipment
250/0 reducing balance
Motor vehicles
The gain or loss arising on the disposal of an asset is determined as the differ8nce be￿een the sale proceeds
and the ¢arrying value of the asset. and is recognised in the statement of financial activities.
1.7 Flxed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequ8ntly measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel{expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impalm)ent of fixed assets
At each reporting end date, the charity reviews the Garrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impaimient loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss {if any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Sedion 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
13

Docuslgn Envelop& ID: A60866E1-92E0415D-BFCE-EAE41FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
(Continued)
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaclion costs and ar& subsequently carried at amortised cost using the effective
interest method unless the arrangemenl constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabllltles
Basic financial liabilities, including ¢￿dItorS and bank loans are initially re¢ognised at transaction price unless
the arrangèment conslitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instrumants are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditor5 are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised Gost using the effective interest method.
Derecognitlon of flnanclal liabilities
Financial liabilities are dere¢ognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's serVI￿S are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide lermination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Crltical accounting estlmates and Judgements
In the application of the charity's accounting policies. the trustees are r8quired to make judgements, estimat8S
and assumptions about the carying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and oth8r factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which Ihe estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
14

Docusign Envelope ID.. A6D866E1-92E0415D-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacles
Unrestricted Unrestricted
funds
funds
2024
2023
Donations and gifts
2,180
586
Income from charitabl8 activities
Unrostricted Unrestricted
funds
funds
2024
2023
Supporting people grants
Charitable rental income
Other funding
798,770
734,953
65,180
824,987
626,774
70,023
1,598.903
1,521,784
Income from Investments
Unrestrlcted Unrnstrlcted
funds
funds
2024
2023
Interest receivable
3,950
508
All investment income received is allocated to unrestricted funds.
15

DocusSgn Envelope ID- A6D866E1-92E0415D-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on charitable activities
Charitable
activity
2024
Charitable
activity
2023
Dlrect costs
Staff costs
Depreciation and impairment
Rent and rates
Light and heat
Insurance
Repairs and r8newals
Property service charge
Other direct costs
Legal and professional fees
Finance costs
Office costs
1.132,068
11,315
188,934
23,493
17,580
14.776
47,102
753
30,208
7,044
133,207
1,081.785
19,512
155,434
26,108
12,709
12,899
42,632
297
8,320
3,747
117,963
1,606,480
1,481,406
Shar8 of support and governanc8 costs (see nots 7)
Support
Governance
65,982
4,762
52,211
5,503
1,677,224
1,539,120
Analysis by fund
Unrestricted fijnds - general
Unrestricted funds- designated
Restricted funds
1,666,346
5,385
5.493
1,528,750
4,072
6,298
1,677.224
1,539.120
Support costs allocated to actlvitles
2024
2023
Basis of allocation
Stsff ¢osts
Depreciation
Governance costs
44,335
21,647
4.762
39,208
13,003
5,503
70.744
57,714
Analysed between:
Charitable activity
70,744
57,714
16

Docusign Envelope ID.. A6D866El-92Eo415￿BFCE-EAE41FDF7o7E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net movement in funds
2024
2023
The net movement in funds is ststed after chargingl(crediting):
Fees payable for the audit of the charity's financial statements
Deprecialion of owned tangible fixed assets
Loss on disposal of tangible fixed assèts
4,762
32,962
623
5,503
32,514
2,156
Audltorfs remuneration
Fees payable to the charity's auditor and associates..
2024
2023
For audit services
Audit of the financial ststements of the charity
4,762
5,503
10 Trustees
None of the trustees (or any persons connected with th8ml received any remuneration or benefits from the
charity during the year.
11 Employees
The average monthly numb8r of employ88s durtng the year was:
2024
Number
2023
Number
Managerial
Administrative
Project work
47
36
Total
56
46
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
1.036,489
88,785
51,129
991,376
83,439
46,178
1.176.403
1,120.993
There were no employees whose annual remuneration was more than £60,000.
17

Docusign Envelope ID= A6D866E1-92E0415D-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Other
Unrestricted Unrestricted
funds
funds
general
general
2024
2023
Net loss on disposal of tangible fixed assets
623
2,156
13 Gains and losses on investments
Unrestrlct8d Unrestrlcted
funds
funds
2024
2023
Gainsl{lossesl arising on-.
Revaluation of inv8stm8nts
(452)
14 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
15 Tangible flxed assets
Freehold land Flxture$ and Motor vehlc1•8
and buildings
fittlngs
Total
Cost
At 1 April 2023
Additions
Disposals
1.247,346
193,953
10,636
6,100
8.000
{2,100)
1,447,399
18,636
{2,100)
At 31 March 2024
1,247.346
204.589
12,000
1,463,935
Depreclatlon and impairment
At 1 April 2023
Depreciation Charged in the year
Eliminated in respect of disposals
250,428
21.647
153,648
8,800
2,214
2.515
(1,477}
406,290
32.962
(1,477)
At 31 March 2024
272,075
162,448
3,252
437,775
Carrying amount
At 31 March 2024
975.271
42,141
8.748
1.026.160
At 31 March 2023
996,918
40.305
3,886
1,041,109
18

Docusign Envelope ID.. A6D866E1.92E041s￿BFCE-EAE4l FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Fixed asset investments
Unlisted
Investmenls
Cost or valuation
At 1 April 2023
Disposals
48,900
(48,900)
At 31 March 2024
Carrylng amount
At 31 March 2024
At 31 March 2023
48,900
17 Debtors
2024
2023
Amounts falllng due within on8 year:
Trade debtors
Prepayments and accrued income
124,758
20,264
98,675
16,985
145,022
115,660
18 Loans and overdrafts
2024
2023
Bank loans
54,429
62,330
Payable within one year
Payable after one year
7,901
46.528
9,015
53.315
Loans were taken out to acquire domestic properties and are secured against the properties that they relate
to.
19

Docusign Envelope ID.. A6D866E1-92E0415D-BFCE-EAE41FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Creditors: amounts falling due withln one year
2024
2023
Notes
Bank loans
Other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
18
7,901
19,544
14,504
12,908
8,149
8,553
9,015
17,670
2,890
4,494
7,563
9,492
21
71,559
51,124
20 Creditors: amounts falllng due after more than one year
2024
2023
Notes
Bank loans
18
46,528
53,315
21 Deferred income
2024
2023
Other defe￿ed income
14,504
2,890
Deferr8d income is included in the financial statements as follows-
2024
2023
Deferred income is included within..
Current liabilitl8S
14,504
2.890
Movements in Ihe year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
2,890
(2,890)
14,504
28,117
{28,117)
2.890
Deferred income at 31 March 2024
14.504
2,890
22 Retirement beneflt schemes
2024
2023
Defined contributlon schemes
Charge to profit or loss in respect of defined contribution schemes
51,129
46,178
20

Docusign Envelope ID.- A6D866E1.92E0415D-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Retirement benefit schemes
(Contlnued)
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Charity in an independently administered fund.
23 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2023
Resources At 31 March
expended
2024
Building fund
Fleming Gardens furniture fund
RMBC Buy-to-let
4,892
493
108
(4,892)
{493)
{108)
5,493
{5,493)
Prevlous year:
At 1 Aprll
2022
Resources At 31 March
expended
2023
Building fund
Fleming Gardens furniture fund
RMBC Buy-to-let
5.709
609
5,473
(817)
(116)
(5,365)
4,892
493
108
11,791
(6,298)
5,493
The building fvnd represents grants received and is released at an annual rate Consistent with the
depreciation rate of the relevant property.
The Fleming Gardens furniture ￿nd represents granls re￿iVed for fumishings. It is released at an annual
rate consistent with the depreciation of the relevant furniture.
The RMBC grant was obtained to pay for expenditure incurred on th8 buy-to-let properties and is to be split
between the proposed 10 properties. Any overspend is to be met from unrestricted funds on a property-by-
propety basis.
Sufficient funds are held to enable all the funds to be applied in accordanc8 wilh any restrictions.
21

Docusign Envelope ID.. A6D866E1-92EO4l5￿BFCE-EAE4l FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
24 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been Set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2023
Incomlng
resources
Resources
expended
Transfers
Galns and At 31 March
losses
2024
Maternity fund
Contingency
and redundancy
fund
Major repairs
fund
IT equipment
fund
General funds
10,000
10,000
505,515
505,515
29,588
29,588
31,000
358,283
(10,636}
(1,656,333)
20.364
306,983
1,605,033
934,386
1,605,033
(1.666,969)
872,450
Prevlous year:
At 1 April
2022
Incomlng Resources
resources
expended
Transfers
Galns and At 31 March
losses
2023
Maternity fund
Contingency
and redundancy
fund
Major repairs
fund
IT equipment
fund
General funds
9,714
(288)
574
10,000
505,515
505,515
29,588
29,588
30,599
367,450
(10,755)
(1,519,863}
11,156
(11,730)
31,000
358,283
1.522.878
(452)
942.866
1,522,878
(1.530,906)
{452}
934,386
The maternity fund has been designated by the twstees to meet future matemity costs.
The contingency and redundancy fund has been designated by the trustees for the purpose of meeting any
future redundancy costs or any other costs in the event that the association has to cease its activities.
The major repairs fund has been designated by the trustees lo cover any large-scale property repairs.
The IT equipment fund has been designated by the trustees for any major overhaul of computers required for
the charity.
The nature of the expenditure on the above four funds is not specific in timing and therefore no precise date
can be attributed as to when these costs will be incurred.
22

Docusign Envolope ID.. A6D866E1-92E0415D-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
25 Analysis of net assets between funds
Unrestrlcted Unrestricted
funds
funds
general designated
2024
2024
Restrictsd
funds
Total
2024
2024
Fund balances at 31 March 2024 are ropresented by:
Tangible assets
1,004,621
Current assetsl(liabilities}
458,777
Long term liabilities
(46,528)
Provisions
(544,420)
21.539
1,026,160
458,777
(46,528)
544,420
872,450
565,959
1.438,409
Unrestrfcted Unrestrlcted
funds
funds
general deslgnated
2023
2023
Restrlcted
funds
Total
2023
2023
Fund balances at 31 March 2023 are represented by:
Tangible assets
1,018,695
Investments
48,900
Current assetsl(liabilities)
474.529
Long term liabilities
{53.315)
Provisions
{554.423)
16,921
5.493
1,041,109
48.900
474.529
{53,3151
554.423
934,386
571.344
5,493
1,511,223
26 Operating leas8 commitments
Lessee
At the reporting end date the charity had outstsnding commitments for future minimum lease payments under
non-cancellable operating leases, which fall du8 as follows:
2024
2023
Within one year
Between two and five years
921
8,000
921
921
8,921
27 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
23

Docusign Envelope ID.. A6D866E1-92E0415D-BFCE-EAE41 FDF707E
SHEFFIELD YOUNG WOMEN'S CHRISTIAN ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
28 Cash generated from operations
2024
2023
Deficit for the year
(72,814)
(18,8501
Adjustments for-.
Investment income recognised in statement of financial activities
Loss on disposal of tangible fixed assets
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
{3,950)
623
(508)
2,156
452
32,515
32,962
Movements in working capital..
{In¢rease} in debtors
Increasel{decrease) in creditors
In¢reasel{decrease) in deferred income
{29,362)
9.935
11.614
(13,9251
(6,9751
(25,2271
Cash absorbed by operations
(50,992)
(30,362)
29 Analysls of changes In net funds
At 1 Aprll 2023
Cash flowsAt 31 M•r¢h 2024
Cash at bank and in hand
409,993
(24,679)
385,314
Loans falllng due within one year
Loans falling due after more than one year
(9,015)
(53,315)
1.114
6,787
{7,901)
{46.528}
347,663
(16.778)
330,885
24