YMCA North Staffordshire Ltd.
(a company limited by guarantK)
REPORT AND FtNANCIAL STATEMENTS
31 Morch 2023
Comp8rty Registration No.. 0481H681
R¢gistff¢d Charity No: 1100749
RP No: H4426

YMCA North Staffordshire Ltd.
CONTENTS
TRUSTEES, DIREcfoRS AND ADVISORS
REPORT OFTHE BOARD OF MANAGEPdEHf {INCLUDtNG sfRATEGIC IiEPORD
DIRECTORS, RESPONSIBILITIES tN THE PREPARATION OF FINANC]AL STATEMENTS
rNDEPENDENT AUDITOR'S REPORT TO TIIE MEMBERS OF YMCA NORTII
AFFORDSHIRE LTD.
13
STATEM￿￿ OF COMPREHENSIVE INCOME
14
STATEMENT OF FfNANCIAL POSITION
15
STATEMENT OF CHANGES IN RESERVES
16
STATEMENT OF CASH FLOWS
17
AccouKrrNG POLICIES
18
NOTES TO THE FINANCIAL sfATEMENTS
24

YMCA North Staffordshire Ltd.
TRUSTEES, DIRECTORS AND ADVISORS
PRESIDENT
Bishop of Stafford (non-voting)
BOARI) OF DIRECTORS
GC Handforth Chairperson
MJ T(x)hey Vice Chair
A Robin%)n
Rev SA Smith
PJ Franklin
PA Dartford
PA Williams
Dr SW William5
J Sawyet5
NC Joy-Jolm
JL Thorpe
T Gordon
Hifsa Iqbal (appointed 16.02.23)
CHIEF EXEcufIvE AND COMPANY SECRETARY
D Flynn
REGISTERED OFFICE
Edinburgh House
Harding Road
Hanley
Stoke-on-Trnt
Staffordshire
STI 3AE
AUDrroRS
Crowe UK LLP
The L¢xi¢oD
Mouni Streei
Manchesier
M2 5NT
BANKERS
National Westmiftster Balth PI
l Upper Markei Squate
Hanley
Stoke-on-TTeDt
Staffordshire
STI INS
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YMCA North Staffordshire Ltd
Trustees, Report
Our vlslon
YMCA'S vision in England and Wales is of an i￿lusIvechrIStiall movun¢nt transforniin8 wmmunities so th41
all young p￿)ple can belong. contribute and thrive.
Our Mfisslon
We develop young wle. they develop their woT]si
Prln¢lpal Attlvltiei
Th¢ principal activitie5 of YMCA North Staffordshire are to provide housing* supporL trainin& recreation and
spotts activities for young wle, their families and their communitias.
What we do
We develop life charKes andnew futures for young pec* their familie5 and communities. This comes in th¢
forn] of a wide range of servic￿.
Wepmvidespecialist housing on ouryoungwle'scampus includ1ngpur￿S￿bU11tmove0n accommodation,
housing in the community for young workers. The Camp￿ offers young people a high standard of
accommodation in a safe supportive environment with staff who offer devekqyment opportunities in areas of
education. employinent and well-being advice together with a wide range of creative and recreational activilies
to inspir¢ and motivate.
WepTovide¢ffective training pro8rammes foryoungpeopleand theirfamilie5 to assistthem to gain confid￿¢¢.
cquire skills and developmu&t via volunteering and 5UFryM)rt them to gain and sustain paid emplo￿ent.
We wovide a range of family services where our team to re•￿I]d and maintain family relationship5 in
areas such as pa￿tIng skills. conflirt resolution. WO￿ with separdfrd parents and their children.
We provide an onsite sI￿S and recreationcentre Incl￿￿￿8 &gym* SE￿8 hall, ￿tsdO0r football pitch and offer
a rong¢ of programmu for young wple, community clubs, schools and our local community.
We provide a roof top conference centre othermeeting rooms that can be hired by local community groups
and busin¢sKs for m¢dings and o)nf¢rences and offer in house catUiDg if required.
We provide a pla¢¢ for ovr wmmunity to gathez aftd actively support other local ¢haritisA r￿unity groups
and other $tak¢hold¢rs by sharing our spac4 ex￿1￿)Ce and ex)￿rtISe where it is of use.
We provid¢ an exp￿Ienced stsff team lo deiiv¢r th¢ Nattry￿1 Cilizenship s¢rvi¢¢ to youllg pg)pie.
We play an aclive role in our o)mmwiity w0￿1n8 with to wovid¢ optthuniiie&
Our values
YMCANS Valu&9 •Ye
. T￿￿1
. Hope
. Protect
These values bedrock and help us mte the resilienc¢ to th¢lop young people into thriving lives.
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YMCA North Staffordshire Ltd
Trustees, Report
DIREcfoRS
The directors who have held olf1￿ since l A￿1] 2022 are as follows:
GC Handforth
MJ Toohey
B Sumner
A Robinson
Rev SA Smith
PJ Franklin
PA Dartford
PA Williams
DR S Wynn-jones
J s8￿y¢r$
NC Ji)y-Johnson
JL Thorpe
T Gordon
H Iqbal (apponted 16.02.23)
ORGANISATIONAL STRUCTURE
YMCA North Stsffordshiff 18 a Registered &Kial IAndlord (Re8 No: H4426)' a ￿gistered clwtity (Reg
No: 1100749) ond a company limited by guarantee (Reg No.. 04804681). The YMCA board of managem¢ni
meets bi.monthly with a fvll busiti￿ ogead& The Ew)ard ov¢￿ee5 the strale8ic d¢v¢lopmenl and operntiollal
perforn)an¢e of the organisalion.
Appolntment and r¢¢ruhmen¢ of dlrtt¢ors
Potential candidates for directors are ititaviaved by the Chair and the c￿lef Executiv¢. This is a three-stage
l. A dixussion around the OTgani5ation's VISI(￿ atHJ mission and to explain ttLe chaLitsbl¢ obj￿ts. Company
8ni¢les. business plan and dite¢tion of the organisation. To check OTh the potenlial members skills set and
experience.
2. If the Chair and the w>ienti&l director agree that they would be suitable. the individual is introduced w th¢
board of directors who then ￿lIe￿1V￿Y decide whethe¥ to offer Board MeM￿￿Ship.
3. If the full Ix)ard agr¢￿ the prow5al director comes to e fi￿1 iK￿d meeting and after discussion a vote will
take place.
Dlreetors, Inducdon And trnining
￿p￿Inted each Board Member is alloca*d to one of the strategic griM4X8 that oversee the running of the
organI￿tIOn. membership of these groups allows the board m¢mber to s￿1811$¢ in their aTea of expertise
an(Vor interest.
The Current Grou￿ are..
Finance & Risk
Campws Development
Performance Standard5 Uncluding Health & Safdy & Safe￿8[ding1
ChrÉstian & SpiritU81 Development
Business Dev¢loprnenl
Capital Development
Connectivity & Comrnuni(xtiotL8
EnviD)nment
Empathy Engine / Equality, Divu5ity & Jnclusion
Membership of the groups include one or ttvo memtrrts plws senior and op¢ralional staff.
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YMCA North Staffordshire Ltd
Trustees, Report
In addition. th¢ Chair of the Board & CEO will idMtify oreos of training and dEv¢I0￿¢nI and ensure that this
is delivered. Regular events take place at le&8t annually wbere the Board rea¢¢ts on the values of the YMCA
and the work that we do to ensure that they are aligoed-
Pubilc benefit aud value for money
The YMCA aims to serve y(Kmg pwle, their famtlies aud the community, we continue to provid¢ housing for
some of the most marginalised young people in our area and have improved ow offtt with the new flhis that
provides 8 beller Slandard of4cc4)mmodation and facilities foryoung families forthe first time. We ar¢ growing
our property wrtfolio to help low waged young Ftopie afford community-based accommodation and mainiairt
their etnployment.
(hjr aclLvity Cenlre is bekng enjoy>J by members of the community for sports and family fun days and our
family contact ceTJtre continues to serve young children wovidiDg a safe space for than lo play and tslk to
Irdined cowisellors.
Our trainingand LrynpI0￿¢nI service a55istspeople lacking in skills andconfidence to become ready to maMg¢
work opportunities and move towards economic Indep￿dence.
Value for molley
In the current econoJni¢ environmenL il 15 importanl to ensure that the YMCA Maximi￿ the value from its
expenditure. The Board considers value for miw as part of its strategic aPP￿a¢￿ when allo¢ating rv)our¢es.
but not at the expen8e of providing quality of seTViC4 all new PrO￿lS and major items of exp¢ndiwr¢ a
scrntinised by both the ixtsintss develOpm￿t and finance and risk ith wo￿1￿8 groups pjior to approval.
Risk m*nagemtnt
YMCA North Siafford5hire Wolks with who have been disadvantsged through limited life chanc￿. A8
we describe ourselves as a life cl￿¢¢5 agency li is appwiate to tske risks with our charity's r¢soUr￿$ to
make OPWT1uniti￿ available to those people in order for them to reach their potential and thriv¢. W¢ ar¢
therefore happy to take a risk with creat￿8 life chance&
We will not however, lake any risk5 relating to the wotection of young wle and vulnerable adulty Full
vetting procedures will always be followed for all stsff and volunteer5 and disciplinary a¢lion follows when
breaches 0￿Ur. A similar wTrlicy is adopted in relation to fraud and comiption.
The Charity is fornmate io hold assets in the fotm of and investtnents and revenues glxeraied from
our activities. We will take some risk to achieve tthrns lyji will not put at risk the capirhl valu¢ of our
assets and will alwa￿ seek to balance the risk of any loss against th¢ ¢xrned retmL
Th¢ tK)ard delegates the detaikd ￿leW of Risk Manag￿e0t lo the Finance and Risk Managemeni Wovking
Group which consists of the Vice Chair. Treasurer, plus at least one other IM)ard manlKrl advisor togetherwith
the Deputy Chief Executive and Finance Dirtttor. This group meets bi-monthly to review all issue8 both
int¢rnal and ¢xt¢rnal that might have an advux ¢ffeA on th¢ orggnisation fulfilling its obJ"e¢iive5
The Board identifies headline current risk8 to the clwity &s follows".
The Capital Development for the t)ew fiats is completsj within agreed timescal4s and remains an affordable
project.
Economic volatility due to infiation aad chaDg¢s in intffesl rat
Funding risks due to p)litical ￿liCY chang
Risk of fraud
ProtK¢ing vulnerable peopl¢ who us¢ our servi￿$ fwon) any ￿feg￿thnS risk.
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YMCA North Stsffordshire Ltd
Trustees, Report
Impae¢ olCOVID-19
The charity remains vigilant to any fikn challenges that might arise during the winter montlk8. All stsff will
be encouraged to take advantage of the FAx)ster programme and our Covid monitoring team will continue to
monitor 0￿breakS at local level and F￿VIde advice to ensure that our priority re￿aln5 the h¢alth and well-
being of th¢ young people that we SC￿e and ow staff and volunteeer&
We added aiemwdry objecliveto OuTE￿S]￿e3S plan to enable the charity to manage tbeperiodofthe p8ndemic
and learn from the expetien¢& This will remain in place for the remainder of th¢ current financial year and F
reviewed in 2023.
Dlre¢tor's h)demnity insurM¢e
The YMCA has DirectOTS Indemnity of up to £lm.
FUTURE PLANS
Fytsre fo¢u$
Our newbusiness plan has been co designed with staff. voluntceTrandyoungpeople topromote emwJwermenL
inclusivity and diverse perspective5. We are f￿￿Sing i)n five aims aDd developing a collectiv¢ impact model
wILereby we can rne&wure how ail or8anisational services C4)nti11￿le to cach aitn.
Business Development Ind Ineorne CenerathJH
YMCA North Stsffordshire has developryj an increasingly diverse income streom which enabla us lo
EKbsilively impact uFx)n the lives of children* young people. their families and their communities.
Objeetlve
Identffify Rlsks & Income Stre•m$
Impa¢t
Evldence
We use insithts Pipeline Board Reporting of N¢w
to make apWOp￿t¢ and and expiring sources of finance
timely business
every 3 months via Quart¢rly
de¢ision8.
Finance Meetings
Evaluatlon ofall produets
Develop a rolxjst and
rekvani evaluation
Standardised Framework published
as a rerM)rt to the IM)ard on a resular
basis.
work aL*ivity, Product &
Unlod(Ing the dlveT¥e gift4 talell￿ and abllitles aDd to be seen *1 ￿ Auet so that ali young peop
staff volunteers eatt belong eontrlbut4 *nd thri
We believe that all people have gifts talents and abili11￿ We neeAJ to furth¢r implem¢ni our thinking ground
Ubuntu and will broaden whole team aFyoath Including tIM)se w¢ s￿¢ as ￿tre of that teandcomrnunity of
assets approach.
Objeetivt
Impact
EvldeD¢e
Creatliig space for yOUDg people's Young people feel YP & communities are involved i
volees to bt amplified
heard and emp)wered to umpaigns
investment
influence change.
)portuniti&s to Ixn¢fit th¢ir peern &
o)mmunities.
Stakeholder voices tan see ¢htir The influence
of W¢ have ¢stablished a Continuou8
Influence In the life and work of stskebold&- feedback will Stsk¢holder feedback loop that
YMCANS commMDity
drive up the quality & dem(trnstrat￿ codesign of all key
delivay of all our sffvitts (Community. Staff.
Customers. Pr(MJu¢ts & services the)
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YMCA North Staffordshire Ltd
Trustees, Report
i*Arntng or2￿111￿0n Growkng C4p*¢lty EdMe*tIo￿ Skllls
We have succe&8￿]lY buili a eulntre of learning and development ￿rO$S th¢ whol¢ associition. We have clear
training and development OPEN)rt￿ltieS for all. and the impact is measured by the growth in those opErtities
and the Attendance and achievement of those.
Objectfve
Imp*¢l
ÉvKlen¢e
Iden¢lfy And remove barrlers ttty Leorning OK￿rtunItieS Peopl¢ feedE¥ck ￿SItiVely around
learnlng.
refle￿ p¢opl¢8 learning learning opp)ttunitie&
To develop a ￿ d#*ned appr*1￿1 A new ap￿?1$0] pr(ws Staff feedknck io dem(m8lEate that the
process.
is in plac¢ thai staff are new syst&n wo￿.
happy with
We have Invested kn furtherlng We have a diverse Uptake of learnets with external
relallonshlpg
wlth karnlng learning offeT that organisations
provlders Colle£e8 I vnls
accommodates all petyle
EnVIron￿ents1 ￿$t￿l￿•bUlty
Pmmoting a and ixjsinw kractic¢ that ￿bed8 sthinability Wa¢tic¢s across all of our communities.
Objective
Impact
EvkleR¢e
Developed
Envtronmental YMCANS
Jmotrs W¢ will have gath¢wJ reliable
Su$lAinablllty
Impact
and sustsinabk
business b￿Cline and set targets for
out¢omes Strategy In pArtnership practices and actively improvement.
wlth oth¢rJ.
contril)utes
to
¢ollaboraiive nthvork
5U5tainable
We
ralse
awareness of All stakeholdas are
We will have measured and
sustainabllity issues for •ll our staff aware of how they
demonstrated an imprnvement in the
and young peopl
pxitively contribute to underthding aDd ￿ntributionS
thesustainabilitychange people can make to the
model and are a¢tively
tkv¢lopM￿1 Goals.
pr(xnoting sustainability
ptwtice across all of our
To 8ehleve the bronze #w￿1 In YMCA
$ustsIDabk f(￿d wlth Food for Lif¢ Siaffordshire
healthier and more
susiain4ble f￿d to its
North Achieving th¢lxonz¢ award sthndard.
Welfare and ¢ommunlty Partnershlps Olnklng wlth partws for the ￿0d
We will seek out and IMild with Individ￿1* parthas and organisations th&t 8h8Te our values. Taking on
ABCD apyoach helping to identify th¢Jse wider assets t￿l8h1 by partne[5 and Un1￿kIng ours and partner
a￿ts for the F*nefit of those we ser
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YMCA North Staffordshire Ltd
Trustees, Report
ObJe¢tlve
Imp•et
Eviden¢e
Develop p*rtnershlps otheY¥ Our offer
the Wrting with partnets, we will have
who Share our value
commwiities w¢ wye is unlocked our value5 and partners
enh8n¢ed due to the values e.g. ¢oll*b model.
value of the
palln¢Tships thai we have
developal and nurtur
YMCANS will raise We will have established campaigns
Campalgn5) evell￿ •nd 4warene55 of issues withourpsrtne
acdvlthg dellvered.
affecting YP and will
seek to iring aiM)ut
ptsitive change&
KEY MANAGEMENT REMUNERATION
The remunerntion policy is de¢ided by the Board by means of a ITieruJial fornjal review based on national
YMCA guidance. The Human R¢sow¢es working group undert8kts the review. which is presented to the knard
for fornial approval. Implementaiion is subie¢t io affordability. The latest review took place in the 2022 -23
rirtancial year and fvlly fimded.
ACHIEVEMENTS AND PERFORMANCE
In our last TTUStees' Tepott. we said we would deliver on sevcn key otye£tive& Detsiled ￿loW ar¢ the
a¢iivitie8 delivered Agains¢ those obje¢tives.
Be a Thrlvlnz Buslness
We have made significlrtl Fwgress in this area of our w4xk and have invested additional capacity inlo our
busines3 developTnenl lea￿ to ensure we ￿ respcffid to the ￿ternal funding environment. Our Christmas
campaign saw us i￿￿e8$e investrieni into communities though fundraising and we have developj th¢ panty
8ponsm nefwork io fund athlitional food to meet the increase in demaThd.
Work ha5 ci)lltinued with Made in Stoke. the philanthropy network for the city and we have seen a return on
this work though financial gifts and pa)ple offeTing time to SUp￿rt our charitable obiecliv¢s.
To ensure sustainability across our community youth work, wbich can be vulnerable to cuts in fundin& we
have created a reserve pot which provides 12 rnonths of fi]nding lo deliver a core offer lo ¢hildrw and young
people, so rather than stop I starting pn)granllnes. we have a raserve p)t we can draw on if ne&led.
Cet our ¢apital developrt*nt of 46 11#ts batk oll track and fulty fundwL
We will be focusing on the completion of the CODstruction of fcty-six flats on oursite. This work commenced
in 2020 but due to Iwo preTrious contractors going iThto administration. w¢ hav¢ now appointed a new building
contractor. Wehave8￿cO￿ with Hom&% England to extend thecompldion deadlitte into th¢irtt¢xi developm¢ni
programme.
The ¢osl of the flats will be funded by a Homds England gr￿ and a loan from Charity Bank.
Maxlmtse th¢ opportunltks of new worklng •8 we ¢ootlDue to •d•pt to Ihe rttovery from COVID 19
COVID 19 has continued io impact our wort al￿ we are still offaitig hyknd working to suwort the work
life balance of our team.
In Addition. we are working closely with external a8￿¢1¢3 io med the long¢r-tffm chall￿ge8 around mentsl
health and providing weekly sursK¥t to thff. and V0hu￿￿Tr.
Invest In our d1￿141 lDfr*strUe￿le prodM¢* d*t* ¢0 bxprove o¥r omteomes *nd Imp*¢t
d ¢ommunl¢atr eltertlvety.
Investsnent in OSKA dathbase and MiTrJ & Body Ix)oking systems has fflthano¥J efficiency> streamline our
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YMCA North Staffordshire Ltd
Trustees, Report
efforts and help￿ to broaden our reach. This infraStn￿ has been ¢rucial to r￿UrIng the administrative
element and io monitor the effectiveness and llmpa￿ of our WV1¢￿ Wehave developed our skills in analysing
th¢ dats to ￿￿tinuallY improve our s¢rvi¢e delivery. leading lo better d￿lSion Jnaking and resource allocation.
S¢¢ thox fin our CQmmUDIty of serwiee thrfv
We have invested in a Youth Governance team which Consists of young siaff/rt8id¢nts who input into the
strategic development of our I￿SInesS. This M￿nS that youog people are directly involved in influencing and
inputting into the designy delivery and implan￿￿tatIOn of services acro&s our YMCA.
Our Youth OpFK)rtunitics team has fiwther developol rclaiionships with s¢hwl4 4rvJ we aTE now delivering
PSHE se58ions. further strengthening OUT WO￿ in COn￿uni11&s.
Invest kn staff ind volunteers to *e thtm thri
Stsff are consulted on a regular b8Si& 50 we know how to sup￿rI than and see them thrive. We have
invested in learning so that all stsff have 0￿￿101ti￿ to develop. attd we now offer a wellking hour every
week for stsff to do something thry enjoy.
We have re•registered with EAP to continue offering employer support. with sthff able io access Counsellingy
debt and other professional sUp￿rt services. YMCANorth Stsffordshire is also nowTegist¢Ted with ihe Living
Wage Foundalion and is recognised as a Living wage Fjnployer.
See our dty Its people thrl
Partnership working and Collabotation has grown, and we are now working with more organisation8 to be
included in their progrdmmes to enhance our offer to staff. volunteas and young p¢opl¢. We I￿ on a
consortium bid with city partners to deliver a prOgrn￿ to young p￿>￿ not ¢ngag¢d in emplo￿ent,
education andtrdining and wehaveseowed fiJrtherfi￿dLllg to grnw this area of work in r¢sN)nseto the incre4se
ID need
WO￿ with the refugee community in paTtnuthip with and Yow I￿1 Ponty ne￿ork has gro￿ and
we are now working with external professiona]s to supp)rt individuals and famili&8.
Our work with the CollaLK)Tative Network has promoted a mor¢ioin¢d up approath to working and we part
of city-wide initiatives around suslainability, cost of living rwse and furniture amongsi othe1¥.
Challenges
Over the past Iwelve months, we have faced challeng¥ aThl hav¢ w0￿d hard to reSp￿d to them. Our key
challenges have been around:
Capital Programma -with inflation rlsing and many building products incrwing in pric< we have had
challenges around our two ￿pitalS programma. To addr¢s$ ¢hall¢nges. we hav¢ worked Closely with fvnders
and professional cost consultsnt which h&s suNM)rt¢d ￿ irt navigating through any batriets we have fac
CostolLiving- We have seen an in Savi￿ and shifi towards sU￿rI1￿g people with basic
living needs. We have res￿nded ￿ this by p&rtnership WO￿1￿8. pNx)ling services and increasing capacity to
S¢CU￿ fvnding lo ruwjnd to
Uttpredl¢fvbl¢ Fuftdittz Environmenl .. Fwiding oEp)rt¥nities have often wuir&J * quick turn around and
ther¢ ar¢ also a largu num1￿ of small¢r Op￿illeS. We have resEK)ntsJ to thi5 by committing time to
developing theory of change models acr(￿ our service& so w¢ know exactly what is needed and how resource
aligns to our organisalional impact. This places us in a Strong p)5ition of king proactive ITh resporLqe to
OPERATIONAL REVIEW OF THE YLIR {IDdudkng b*knMce sheet revlew)
For the year lo March 2023 the Charity Increas￿ bjrnovff to £5.3m {2022 £5.Im), operating expenditure
increas¢d to £4.9m {2022 £4.6m). Th¢ redU￿￿ort in the financial surplus of £362k. (2022 £425k) is mainly due
lo the cost for impl¢tnenthtion of the the triennial salary review plus rising inflation and interasl rntes. This
could have been more $1gnifi¢ani h&1 our gas and d¢¢tricity Costs Iiot been pro￿ted from the incThses due to
our pric¢ being fi%￿ Until auhunn 2024.
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YMCA North Staffordshire Ltd
Trustees, Report
Our Capital Development rKoje¢t has now recommenced and is planned to be completed in 2024. Du¢ to the
delay costs have risen and our loan to complete the contract increase(L The Board is sensitive to this challenge
and review5 ¢osts and projeclions on a quarterly basi&
FUNDS AND RESERVES
YMCA North Staffs has funds availabk to finance its activitie5. These are unTestric￿J funds exr*ndable at
the discTetion of the b)ard in furthrnce of the charity's objects. Such funds may be designated by th¢ board
for a projeci or pMup)se.
The Ex)aTd TE¢o￿lS¢S the ne&lto ¢st4bli8h a level ofgen¢Trl reserva thul ¢￿Ible3 financial stability, i8 adequate
lo meet the r¢quir¢m¢nts of working ¢apitsl and acts as a cushion against flu¢iuatiOn5 in iThcome levels and irA
the financial p¢rfoTman¢¢ of th¢ YMCA'S a¢tiTrilie& Such T¢SerV￿ aTe built up frorn operatlDg surplus￿. The
Board will also us¢ reserves io develop the range of services ond activities where thi5 is deemed appwriat
Our reserve5 aTe also to manage our ongoing maintenance commitments following our major
refvrbishm¢ni. W¢ had a major dev¢lopm¢nt programme bthween 2(M)8 and 2013 which will need increasin8
maintenance a￿1 majoT repairs and the EKwrd feels that it is PTudent to deSi￿e a sum to ensure that any fiitu
cosis Can b¢ m¢L We commissioned a I￿E-l¢m) mairtienan¢e plan during the year which predicts the cost of
fiJ￿re plannd und major repaiTr. In 2018 we s¢t up a d¢S1￿￿kd r¢seTve to work to aim to meet this cost, we
have started to ￿lders0￿C long-lerm inveslmajt in orderto build growth inlothereserye buthavesuspended
this decision due to un¢ertointy ¢a¥sed by COVID-19 and Brexit.
Th¢board'8 FK)li¢y is thxi free r¢strves should be sufficient io manage the rrfekniitiani risks to the organisation
and its WOTking ￿pital rquIr¢men￿ rurrenily th￿¢ risks would include the wMpI￿10n of our current capital
developmenl projecL The Board rnnains vigilant in monitoring risk of [￿l￿ndancY Pa￿eThts due to any 10&8
of income b￿￿￿3¢ of the ¢¢onomic silualion and changes to gov¢nun¢nl poli￿. The ￿OnoMY is expected to
enier a peTiod of r￿slon and The Board reCo￿LSeS that this have an impact on our operdting
environmenf. There is an on-going petision deficit liability to manage which is expected to increase. Our
business plan r￿08n1s¢S the for more commeT¢ial ski115 and greater data evidence to measure and
demonstrate ourirnpact r¢serv¢s will be all￿ted to these changes. Regulation of our seclorcontinues
to grow. and resour¢es need to be all￿a1￿j to ensur¢ that th¢ tharity has the Lycity to meet these obligations.
The level of free resen￿ on 31 Mar¢h 2023 was £825K this figure is calcula￿1 by deducting the restricted
and deSI￿ated fimds from the iotal reserves on page 13 and any fimd5 lied inlo fixed assets. This amount is
Considered as adequafe by the Erfmrd for (#)TT￿l sbort-temi ne&ts.
The Board also recognises that due to the challengcs around the new flats. development that some contribution
from reserves may be required to complete this projeKt.
PRINCIPAL RISKS AND UNCERTAINTILS
The primary risk that we face ¢urrentty is economic uncertainty. rising inflation. interest rdles and a possible
r¢du¢tion in publi¢ sF*nding. Th¢ BoaTd is monitoring the situ8tion ck>sely. Political changes are always a
risk io our areas of op￿allOn WOTking (l￿]eY with the publi¢ and ￿[ent uncertainty 18 of concern to
The Board.
The Capital Developmenl of the New Flats Temains a major risk that is under constanl monitoring.
The Board monitors the I￿ger-tenD impact the organisaiioD of maintenance and major Yepairs and
Pqge 9

YMCA North Staffordshire Ltd
Trustees, Report
recognises that the challenge to maintain our campu5 is by the current economic climate.
The Board keeps all fraud related issues facin8 the sector that the charity opuates in under r¢vi¢w in order io
a&8ess ￿)tclltial impact on the charity of any emerging Tisks or uncertainties.
We continue to strive for ways to generate a greater proiN)rtion of our income and consider the growth And
development of affordable housing as a key stsategy.
The Board is aware of current rises in interest rates at a time when the charity has vaTiabl¢ rdte loans for
community housing and will ellter inlo a loan for the new fiats later in 2023r24.
Other ongoing risks are always in the area5 of Safeguardi￿ and health & safety and these are under constani
management and review by th¢ Bow
srATEMENf OF DISCUISURE TO THE AUDrroR
So far as the trustees and directors are awaTq there is no relevant inf<>rn)ation of which the company's auditor
1$ unawar¢. Additionallyi the trustees and dirtttors have taken all the necessary steps that th¢y ought lo have
taken as tsustees and directots to make tbemselv&% aware of all Teleyant audit inforn]ation and to establish that
th¢ ￿MpanY'S auditor is aware of that inforn)ation.
AUDITOR
Crowe UK LLP was appointed by the company. Pursuant to Stttion 487 of the Companies A¢1 2(M)6. the
auditor will be d¢emoJ to be reappointed and therefore Crowe UK LLP will witinu¢ in offi¢¢.
By order of tb¢ Board
Direc
Director
27th November 2023
Page 10

YMCA North Staffordshire Ltd
Trustees, Report
DIREcfoRS' RESPONSIBILrriES IN THE PREPARATION OF FINANCIAL
STATEMENTS
The directors (who are also trusttts of th¢ ¢harity} are respmsible for PTepaTillg Th¢ R¢wTrrt of the Board of
Managem￿1 and th¢ fmgncial statements in a¢cOrd￿ce with applicable law and regulations.
Company law and housing w￿latIOn legislation r¢quires th¢ directors to pre￿¢ financial stat￿ents for
each finAncial year. Under those laws the di￿orS have eleLted io prepare th¢ financial ￿￿tements in
a¢¢ordance with Uni¢ed Kingth)m Generally Accepted Accounting Prncti¢e (United Kingdom AccounliDg
Stondard8 and appiieable law).
Undercompany law the direaors mustnot arw)ve the fillanc￿ ￿atun¢nts unl¢s8 they a￿ ￿tiSfIed that they
give & true and foir view of the state of affairs of and of the 8urplu8 or deficit of the company
for that period.
In preparing those fllwAcia] Statemen￿ the directo￿ ar¢r¢quir¢d io:
select suiiable accounting wlicies and then apply them C￿nsistentIy.
make judgements and accountitig e5tim*te5 that are reasLM￿1e and and
PTepare the fU￿]cIal statements on the going concern basis lln1￿ it is inaptffopriate to presume ihat
th¢ ¢ompany will u)Dtinu¢ in busine
The directors and t￿SteeS are responsible forkeeping adequate accounting records thatare suf6cient to show
and ¢xplain the company's transactions and disclose with re&8onablc accura¢y at any lime the f￿ancIal
)sition of the company and enable them to e￿Sure that the fmanciAI ststements cornply wtth the Companies
Act 2006. the Housing and Regenerdtion Act 2￿}8 and Th¢ Accounting Dir¢¢lion for Private Registered
Providers of Social Housing 2019. They are also reswible for safeguarding th¢ assets of the ¢ompany and
hence for taking reasonable steps for the wevention and ddection of fraud and other ir¢gthioriti¢s.
Poge JJ

Indep¢nd¢Dt Audltor's RepDrt ¢0 the Members of YMCA Nortb Staffordthlre Ltd
Opinion
We have audiied the ruW￿la1 statements of YMCA North Sthffordshire Ltd (the Yompany.? ftir the year ended
31 March 2023, which comprise the Ststements ofcoTDpre1￿jSive Incon)e. the Statemeni of Changes in Reserves.
Sratemeot of Financial Position, tbe Statemeni of Cash Flow& and n￿eS to the fJnarKial statements. including
Significani accouA)iin8 policies. The fllw)ciaJ framework that has been applied in their preparation is
applicable law and United Kingdom A¢couniing Standath incl￿ding Financial lieportin8 Stsrthrd 102 The
Financial Reporting Stsndard appii¢able in the UK and Republic of Ireland (United Kingdom Gener&lly Accepted
Accounting Practice).
In our opinioffj the fllwKial sthtemcn￿.
give a twe and fair view of the Company's affairs as at 31 March 2023 of its surplus for the y¢aY
have been properly prq)ared in xcordance wlth United Kmgdom Genttally Accepted Aecounting
Practice;
have been prePa￿d in acc0th￿ with the of the Companies A¢t 2(X)6. Housing and
Regeneration Aci 2(K)8 attd the Acc4)uotitig Diff¢tion forPrivate R¢gist¢r¢d Provid¢ts of So¢i41
Housing from April 2019.
BaJl$ for tspiattsD
We conducRd (w audit in xcothnce with In*rti￿lON1 Sthndorth on Auditing (UK) ("ISAs (UK)'J and
applicable law. Our TeSponSi￿1]IlIcS under those sth are further deKribed in the AudiÉor's respofftsibilities
for the audii of ihe fuwicial slatements seciion of our TepM. We are itrjependent of the Company in accordartee
with the ethical requir¢m¢n¢5 that are relevani ¢0 our audii of the flljancial str￿ments in the UK, it)cluding the
FRC'S Ethical Standard, and we have fulfilled ow other ethical responsibilities in ￿CordanCE with th&qe
requirenmts. We believe that the audit evidence we have obthined is sufficieni and appropriate ts) provide a b8SiS
for our opinio
Coneluslons reiatlM8 to 8dD8 tolleern
In #uditing the rWanci￿ statcments. w¢ hav¢ Concluded that the BoaTds use of the going concern basis of
Based on the work we have perfornKtl we have ￿t wjentified any tDaterial u￿ertaInlieS relating to ¢v¢nts or
¢onditioDs ihat. individually or collectively. may casi significant doll￿ on the Compan￿$ ability lo continue 48 4
80ing concern for a period of ai kam twelve month5 frnm WI￿ the fmancial statem¢ryts ar¢ auth()Ti8¢d for issue.
Ourre4)onsli )Ilities￿dthetespo￿￿TrI1iti&$Of theBotrdwith respectto goingcorKernare descnTrJedin therelevant
sections of this retK)rt.
Other Inforn*tlo
The Board is responsible for the othtr 1tiforn1ati￿ Contained within th¢ aDnuJl rewjrt. The other inforn￿l10n
comprises the inforniation iKluded the aDnua] rem thaD the fill￿18] s¢aiements and our audilor's
report thtteon. OuropinioTh on the fllwKial stat¢m¢nts (k)¢s nol wv¢r th¢ other inforn￿tl¢)n and wedonot express
Our rwKwibility is to ttad the oth¢r inf¢)rn￿ts0n in so, consider whether the other iofoymation is
ma¢eTially i￿onsI8t¢￿t with the fllwi¢ial statements, or our knowledge obthined ill the a￿111 or otbenvise appears
to be ma¢¢rially miss¢at¢d. If we identify mattrial i￿onSi￿en¢1es or appaTht material mi&8ta*ments, we are
required to determine whether this gives Ti5e ￿ a material misstsiement in the fina￿181 slatements themselves. If,
ba8¢d on the WOTk we have ttrforniell we ￿￿lU(￿ tha¢ the1¢ is a nJaterial misstsiement of this other informatio
we are requir¢d to r¢port that fxL
Poge IJ

We bave nothin8 to rewrt in this regard.
Oplnlon on other m•tter prexrlbed by the Comp*•ies Act 21N)6
the infOrn￿tIon given in the Strdtegi¢ [qK￿l the directoW T¢EX)rt for the fina￿lat year for which the
fina￿la1 stat¢m¢nts are PTeparnl is consistent with the staiemenK and
the strategic re￿rt 8nd the di￿¢¢0￿, have beett ￿ePa￿j irt accA)rdance with applicable le8al
requirement&
M*tters on whlch we Are reqlllred to report by exeeptlon
W¢ hav¢ JJothiD8 to report in of the following n)a¢l¢r5 in r¢lation to which the Housing and RegeTheratio
Act 2(X)8 and CompaDi¢S A¢1 2006 r¢quir¢s us to r¢wrt lo Y(￿ if. in opinion..
the ltifOrn￿lion givett in the Rerxjrt of the Board forthe rma￿la1 year for which the fllhattcial
sthtements are prepared is noi c(ML8is*ni with the f￿￿￿la1 statements. or
adequate accounling r¢cords ha￿ not been kept by the Conwany" or
satiSf￿tory Sy5t¢m of ¢olltrolsover ¢raTh$￿nS has not been maintained" or
the Company fuwKial statements are not in agreement with the accounting records and re￿rnS. or
certain disclosures of direcioys. remunerntion specified bylaw ore not made. or
w¢ hav¢ Dot rK¢iv¢d am the infonnalion and ¢Xplan*1￿ we Tequire for our audiL
R¥po#ilbllStlti of the B0￿d
As explained mor¢ fully in the Board's respwsibiliti¢s 51atemenl sei (xrt on page I l. the Board is responsible for
the preparation of th¢ fu￿￿la1 stslements and for being satisfied that tly give a ttue and fair view, and for such
internal eontrol as the Board determiDes ts necessary to cnablc the Fryarntion of financial statments th81 are free
from m#¢eri¥l misstht¢ment. whether fi4ud or em.
tn pr¢wrI￿ th¢ fIna￿la1 $￿eMents. the Board is Te$[K￿￿k for assessit￿ the Company's abilty to continue as
a going ¢¢M¢¢￿ di%losing, as applithle. nutt¢TS related to going CO￿ and using the going concem basis of
acwunling U[￿¢S5 th¢ Board either Inte￿13 to liwidate the Cotnpany or to ttase operati(rf4 or have no realistic
alternative bwt lo do so.
Audltor's r¢spoDSlbiiltleJ for the Audit of the f￿An¢￿] st*¢emeDts
objectives are to Ob￿1n reasonable a&surat￿ al￿¢ whether the fllMKi81 statements as a ￿01C free fyom
material misstalemen¢, w1￿¢r due to fraud or error, issue an auditor's Teport thai Includes our opinion.
Reasonable assurance is a high level of a&8uTan¢e but is a guarall￿e that an audit CUMlucted in accordance
with ISAS (UK) will always detect a material M1w￿er0eDt whets it exis
MisMiemeD(s can arise from fraud ￿ e￿or and are coosidered mawial if. individually or in the a8greBate, they
could reasonabty be expectrd the ecoD)mic thcisiorts of ￿eT% on the b&sis of these fmartcial
sta￿men
Irregularities, includi￿8 fraud. are tnsthnces of Ml•C4JtnpliaAce with laws attd reBulatioLS. We desi8n procedures
in line with ￿ responsibiliues. outlit*d abov< to deteei material mi&%thiemertts in rt8pect of irreBulatities.
including fraud. The ex*ni ￿ which our are c4bfibk of th*ctin8 itte8lllarili4 iocltsditi8 fixud is
detailed below:
footsing on those law8 ond rcgulatioThs tbat hav¢ a dir¢ct ¢ff￿1 on th¢ deterniinatiOD of material 8mowIts and
di8¢losu￿ in th¢ financial sl¥lanents s￿h 88 tb¢ Ci)Jnpanies Act 2006, th¢ Housing and Reg¢neration Act 2(N)8
aTh] oth¢r laws and r¢gulations appliution to a r¢gi5¢¢red g)¢ial housing provider in England. We also considered
the risks of non.complian¢e with the other r¢quir¢m¢nts }m￿Sed by th¢ R¢gulator of Social Housing, and we
Col￿Adered the ext¢n¢ to which non-complian¢e might a maierial eff￿¢ on the fllwicial statements.
We identified the grea￿t risk of Ma￿la] impxt on the financial statements from itte8ul8rities, includiDg fraud.
to be within the liming of recognition of grani income the override of controls by management. Our audit
Page 13

procedures to respond to these risks xnehthd enquiri&8 of management ab(Trut thetr own identification and
assessmeni of the risks of irtegularitiffj sampk testing on the pstitig ofiourna]4 reviewing aC￿u￿ting estimates
for bi&ses and ￿bstantIve iesting of key iticome stream
Owing tts the inher¢nt limitations of an a￿aIt. there 1$ an unavoidable risk we not have detected some
matcriai misstaternents in the fina￿1¥1 sthtemukts. ev¢D haVeproperlyplam￿d and perfornied ourgudit
in accordance with auditing $tandard* We aTe responsibk for preveniing non-cotllpliance and cannot be
exptcted to detcct non.compliance with all laws and Tegulatsons.
These inherent limitations aTe particularly significant in the case of misstatement resulting from frnud as thi5 may
involve sophisticated schemes designed ￿ avoid ddtttion, itKludmg deliberate failure to record transactions,
collusion or the wovision of inteDtionai misTeprtMlatiO￿.
A ￿rtherdC$¢ripkn of our re5ponsibiliiies for the audit of the fthaticial statemthLS is locat￿1 on the
Financial Reporting Council's website aL wiwiv frc.org.uklaudiiorsreswthrffties. This d￿ri￿10￿ f(xm$ p8rt of
our auditor'8 report.
of our reporl
This report is made solely to the compart￿$ membets as A I￿Y in ace(Jnl&ttce with thc Howsing and R¢g¢neratb)Th
Aci 2{￿8. Our audit work bas been uThlertaken so thai we tni8bt state to the compart￿8 members those matters
we are required ￿ ststr ¢0 them in an a￿dI10￿$ Yeport and for ty) PUryM)se. To the ￿11£￿1 extent perniitted by
law. we do not accept or &8SUtne rewttsibility io anyone other than the Compatsy and the Compan￿$ m¢mb¢rs as
a ihjdy, for our audit worL for thts report. or for the (yirticw w¢ h&v¢ fomied
Vlfky Szujlst (Selllor Statutory Audl¢or
For an on behalf of Crowe U.K. LLP
Stathtory Auditor
The Lexieo
Mount Street
Manches
M25
30th NovembeT 2023
Poge 13

YMCA North Staffordshire Ltd.
STATEMENT OF COMPREHENSIVE tNCOME
for the year ended 31 March 2023
Note
2023
2022
{Reststed}
TURNOVER
Operating ¢￿￿}ditYre
Other operating In￿Me
5,320.126
(4.928533)
5.072.587
(4.594,083)
18,843
OPERATING SURPLUS
Interest re¢eivable
Inter¢81 arLd financing wsts
391593
18.738
(48.627)
497.347
3,965
{84,808)
SURPLUS BEFORE AND AFTER TAX
361.704
416,504
sUI￿LUs FOR THE YEAR
361.704
416,5LNI
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR
361,7(
416.504
The company results relate wholly to (y)ntinuing activitie&
The accompanying notes fonn part of these rmanc1￿ statements.
PagÉ 14

YMCA North Staffordshire Ltd.
STATEMENT OF FINANCIAL POSITION
at 31 March 2023
2022
(R¢siat¢dl
Notes
2023
FIXED ASSETS
Housing properties
Other fixed assets
10
13J19,631
478
13,979,907
440 288
l3,99&278
14,420,195
CURJIEKf ASSETS
Trade and other debtors
Cash and cash equivalents
12
277J34
3J44,269
3,621,(AM
231,2
3.058 765
3.289,965
CURREwf LIABILITIES
Crediiors= Amounis falling due wiihin
one yVdr
13
(829,535)
{968,986)
NET CURIiENT ASSETS
2,792.069
2,320,979
TOTAL ASSETS LESS CURRENT
LIABILITIES
IA790346
16,741,174
CTediiors= Amounls falling due after
more than one year
14
(12,699,614)
(12,988.429}
Pro￿S1OnS for liabililie5
Pension provision
17
(96W)
(120,602}
TOTAL NET ASSEfS
3,993,849
3.632,143
RESERVES
In¢ome arld ex￿ndItUre reserve
Designated ￿SerVe
Restricted reserve
18
18
18
3,148,744
845,105
2.841.617
790,526
TOTAL RESERVES
3,993,849
3,632,143
The financial siaremems on pages 14 to 35 were approird by ihe of dire¢iors and auihorised
for issue on xxx.KX and are signed on its behalf by=
47
1.,11023
GC H•ndforth
Dire
B Sumner
Director
Company Regisiration No: 04804681
Piige Ji

YMCA North Staffordshire Ltd.
STATEMENT OF CHANGES IN RESERVES
for the year end￿ 31 March 2023
In¢ome and D¢5ignatg1
expenditu
Restri￿ed
Total
Balance at l April 2021 (restsied)
2503209 711430
3215,639
Swplus foT the year
(resiated)
TTansfer from state￿ent of
cOMp￿hen51￿ inQ)Tll¢ to restrithed
416504
4l6.5(hl
Transfer from slatfflnent of
)mpTehensive income to de8iw)at
reserves
(78.IW6)
78.096
Balauce as at 31 TrAarth 2022 {r¢slal¢d)
1841,617
VA￿26
3,632,143
SU￿Lus for the year
Transfer from staiemeni of
¢ompreh¢nsiv¢ in¢om¢ lo r¢strithd
361.71M
361.704
Transfer from statemertt of
comprehensive income to deSi8Dated
{54578)
$4578
Balan¢¢ •t 31 M8ryh 2023
3,IK743
845,104
3,993,847
Page 16

YMCA North Stsffordshire Ltd.
STATEMEwf OF CASH FLOWS
for the year ended 31 March 2023
(Restata)
2022
Note
2023
OPERATtNG ACTIVMES
Nei cash ga)ernted from opoati(MJs
20
451,179
538.862
NET CASH GENERATED FROM OPERATfNG
A￿1VITIEs
451,179
538.862
CASH FLOW FROM INVESTING AcrivrrIES
Proceeds from sale of tangible fixed asgets
PU￿ha￿e of ran￿￿]e r￿ed a58¢
Granis received
Interest re¢eived
178JJO
(289.748)
iO-IOa
16
{711.984)
511.923
3.965
1&738
NEf CASH GENERATED FROMI(USED IN) INVESTING
AcrtvrriFS
(9&6￿)
(196,096)
CASH FLOW FROM FINANCING Acllvrr￿S
R¢paym¢Dts of borrowings
Interest Payable
(24J69)
(4&627)
{42.467)
(30,338)
NET CASH USED IN FINANCIAL ACTIVITIES
fll,996)
(72.805)
NET INCREASFJ(DECREASE) IN CASH AND CASH
EQUIVALEKFS
28&503
269.961
CASH AND CASH EQUtVALENTS AT BEGINNING OF
YEAR
3.058,765
1788,804
CASH AND CASH EQUIVALENTS AT END OF YEAR
20
3J44268
3,058,765
Pd8e17

YMCA North Staffordshire Ltd.
ACCOUNTtNG POLICIES
for the year ended 31 March 2023
LEGAL STATUS
YMCA North Stsfford8hire Ltd. is a ￿rnpanY limited by guarantee and is an English registered social
housing provider. charity and public benefii entity.
The address of & ¢ompgny's r¢Bist¢r¢d offi¢¢ aThl princi￿1 plac¢ ofixLsiness is Edinburgh House. Harditig Ro
Hanley. Stok¢-on-Trenl. Staffordshir¢. 3AE.
The compaDy'S principal activilies and naThreof the comwiy's operntions are included in The Report of the
Board of ManagemenL
The company not pr¢pared ¢onsolidaled accounts on th¢ basis of materiality of its subsidiary ut
Section 402 of the Covnpanies A¢t 2006. FuMh¢r d#4ils of its subsidiary OTC in note I l.
BASIS OF ACCOUNTfNG
These financial statements have been ptrymred in with UK Ga￿lty Accepted Accounting
Pra¢ti¢¢ (UK GAAP) including FRS 102 'Th¢ FinwKial R¢porting Standard aN>li¢able in the UK and
Republic of Ir¢]and'{FRS 102,). th¢ Housing SORP 2018 'Siu¢¢rnent of R￿Qmmended Practice for
Registered Housing Provid¢rs"and to¢omplywithth¢Aco)unlingDire¢iion for Privai¢Regislered Provide
of Social Hou8ing 2019. and underthe historical o)st cThjvthti￿.
Monetary amounts in th&qe financial striements ar¢ rounded to the Thear&￿ whole £1. ¢xc41i where otherwise
indicaled.
GOtNG CONCERN
tn tern)s of the basis for a going ¢otKvn. th¢ key issuw ar
l. Housing is the core a¢iivityof the ¢lwity and is stable ¥lld financially viable.
2. Re88rding coniract Activities oiir operatin8 model that whth funding for a eontra¢i end8
th¢ associat¢d Costs r¢lated lo thal cont￿1 also ￿ lo all f￿. R¢s¢rv¢s arc only ever used as a
bridge to new fjJndin8
3. The Board Rnd management have eX￿lenCe in &aling with uncertsinty.
The Charity has prwed det4iled budgets and cash flow forecasts for the peti(Kl ending 31$1 March 2023.
To miiigat¢ th¢ impaci of th¢ COVtD-19 ¢risRs. a Y¢vi¢w of c￿1 ¢¢n￿ within the chartty has taken
place with paTti¢ular focu5 on cos1 centr%5 that r¢ly UFK)n short-t¢Tm in¢om¢. This review used the
most pe&simi8tic position wh¢re In¢om¢ bas confirm¢d.
The Board has reviewed the ¢ov¢nants on the eAiMing loan with Unity Tnst Bank and remains confident
that all covenants can k fvlfilkd. Thi$ 4nang¢ment Cl￿18￿ of th￿¢ loans of £5(Kik for properties in the
community s￿ured on those properti￿ and is fvlly drawn down.
Page 18

YMCA North Staffordshire Ltd.
ACCOUNTtNG POLICIES
for the year ended 31 March 2023
Th¢ cash posilion of lh¢ ¢hariry is pc6itive and will remain so throughout 2023-24 with the supwjrt of a
loan from Clwity Batth io supporf the completion of the Development of 46 additional units of
a¢¢ommodation. This loan has not been drawn down yet due to the delay LD the development. The loan
will be drawn down monthly from 8ppli¢ations sulxnit*d by the ¢ontractOT once approved.
TURNOVER AND REVENUE RECI￿NITIoN
Turnover comprises ren¢al and swice charge in¢(Hn¢ receivable in the p￿1￿￿ andrevertue grants receivable
in th¢ p¢riod frotn I￿1 authorities and the Homes England. Turnover is recognised net of VAT. where
appliubl&
All rentsl In￿Me 1$ recognised in the peri(Kl 1¢ which is has been e4rrf this indudes actual re¢eipts and
alw estimat￿ of inoyn¢ receivable foTtr4ining ino)me that is reconciled ai the end of the academic year.
R¢v¢nu¢ grants ore rettivable when the condition8 for ￿elp1 of a￿d gTrnt ful￿1ng have been met.
SERVICE CHARGES
S¢LViC¢ charges are made lo towits we￿y. the eliwl)le Fmffiion wedominantly being paid through Housing
Benefit and the ine11￿￿le charges being colle¢iaJ diTe¢tly fiom the tenant.
OTHER INCOME
Interesl income
Interest income is accrued on a tim¢-apiK*tiwed basis and cr&lit•J to the income and exFailU￿ accounl
in the period.
APPORTIONMENf OF EXPENSES
Administration and opmting costs have been ap[￿lon￿l to the housing and non-housiDg activities i>n the
basis of costs dir¢cdy relat￿ to the athivitia dealt with in these fwancial Sthtements.
TANGIBLE FIXED ASSETS- HOUSING PROPERTIES
Housing PToperti&8 are propaties for the wivision of ￿1￿1 IKJusing and are wincipally proput1￿ available
for rent. Compl¢l¢d housing is Stat￿ at Cost less accumulatd depreciation and impainnent losses. Cost
includes th¢ cosi of acquiring land and i￿lIdIng$. development COS￿ interest charges incU￿¢d during th¢
deyelopment ￿1(￿1 and ¢xFaiture incutr•] in r• of improvements.
Major r¢firfii8hm¢nl of ¢xi8ting housing is Charged to capitsl and depreciated over the unexpired life of th¢
ossel. Major repairs are ¢harged against revenue and an quivaleTrt release from the major repairs reserve is
¢omplded. Planned maiticenanc< minor repairs and red￿0[ation aTe charged to expenditr in ih¢ y¢ar that
they occur.
On disposal of knu5illg PID￿rty, an application is made to the Homes and Communitia Agw ('Homes
Ertgland) for consent. Any outstanding Social Housing Grant (SHG) is T￿led in 3wd8￿ with the
Homcs England regulation&
Page 19

YMCA North Staffordshire Ltd.
ACCOUNTtNG POLICIES
for th¢ year ¢nd¢d 31 March 2023
DONATED LAND AND OTHER ASSETS
Land or other assets which have been donated by a govment source is add￿ to ¢051 of assets at the fair
valu¢ of th¢18nd at the tim¢ of the don81ion. The differenc¢ iknyeen th¢ fair value of ihe asset donated and
the COT]siderJlion paid is IT¢41￿ 4s a non-m£￿tary govanm¢nl irKluda within the Statement of
Financial Position as a liability. Th¢ tern￿ of the donation are considered to b¢ F*rfomian¢e related
Conditio￿8. Where the donation is not from a pubiie source, the value of &)nations less the eonsideration
is includ¢d in incom¢.
GOVERNMENT GRANTS
Government 8rnnts include grants receivable from the Homes and Conmiunities Ag¢n¢y C'Homes
EngEand"). lo¢al authorilies 8ad othff govffnment iKMlie&
Government grants are utilisoj to reduce the capital costs of ihe h(yJsing proputies. iThcluding land costs.
The amount of SHG receivable is calculated on a fixoj basis depending on the siz¢. lo¢arion atTrd type of
ILousing propety. SHG due from the HOM￿ England or received in &lvance is irtcluded as current Ass¢is or
liability. SHG receiv¢d in rtspect of r¢venue expynditure is accounted for in the sam¢ period as the
expenditure to which it relat￿.
SHG is subordinated to the repayment of by agreement with the HOM￿ England. SHG rd¢a8ed on the
sale of a property is norn￿llY available to be r￿1￿1.
Government grants received for ILousing pro￿1￿8 are recognised in income over the usefijl economic lif¢
of (be stsv¢tur¢ of th¢ osxt. ¢v¢n if lh¢ f•ir valu¢ of thc grant ¢x¢ee4ts the carrying value of ihe stTUCture in
the financial sthtements.
OTHER GRANTS
rew8nis¢d as income when the 14sociat¢d ￿[ornia￿¢¢ o)nditioDs ayc met.
DEPRECIATION OF HOUSING PROPERTIES
Freehold land is not dew￿lat￿l
The ¢ompany swalely identifies the ll￿J0r components of its htyJsing proptstie5 and chaTges depreciation
SO 88 to write4own the cost of ea¢h ¢omtx)nettt to its esiim8t&l rngidual valu< on a straight line basis over
the following yeats:
Housing structure
Roofs
Lifts
KitcheJ]s
Windows and extemal door8
Central heatiThg and air con sysiems
Internal walls and dcx)rs
Finishes
Furniture and fittin8S
Bathroom and appliances
50 ye￿3 straight line
30 yegrs straight lin¢
20 years s¢raight line
20 ye￿5 sirdight line
25 years straight line
25 years straight line
20 years Straight line
15 yVdTS straight IiDe
15 years straight line
10-15 years straight line
D¢w¢ciatioll is char8ed on assets in the firsi full year of us¢
Page 20

YMCA North Staffordshire Ltd.
ACCOLfNTING POLICIES
for the year ended 3 l March 2023
OTHER TANGIBLE FIXED A&sFrs
Tangible fixed a&sets are initially measured at cost. net of depreciation and any in4)ainn¢nl losses.
Dep￿ciatiOn is provided on all tangible fixed asse￿ other thatt freehold land. at rates calculated to wrile off
the cost or valuation of ea¢h a&￿ to its ￿timated Ksidual value over its expected useful life. as follow$:
3G Pitch, Fixtures. fumishings alld office equtpn)tht
Car park
Motor vehicles
3 to 10 Yea￿ straight line
50 years Straight line
33Y• reducing balance on a monihly
Residual valu¢ is calculated on pric￿ prevailing al the reporting datq after &%timated ¢osts of disposal. for
the assei as if il were at the age and in the coJ)ditton exmed at the end of its US¢fi￿ lif
ASSETS UNDER THE COURSE OF CON¥fRUCTION
Assets under the course of Constr￿tIon are ¢arried at co￿. le55 any identified impaiTmtht loss. Cost includ
prOf￿10nal f¢es and other dIr￿tlY attribui&ble costs thai are necessary to brill8 the property to its operating
condition. Depreciation Comm￿ceS when the wop#tia 8re teady for their intended us
FIXED ASSET fNVESTMENTS
Interests in subsidiaries are initially measur•] at cost and su1wU￿1tlY measuted at cost k$8 any
A¢cumuloted impairnient losses.
Interasts in subsidiaries are assessed for impairnient al each r¢pJrting dato Any irnpairnients losses OT
reversaJ8 of impaimieni losses are Tecognised immediately in profil or los&
STCtKS
Stocks r¢pr￿all raw materials andcotswmables and aTr Valu￿ at the lowtrofcost and net realiuble value.
TAXATION
YMCA North Staffordshire Lid has charitable ststus is regi81ered with tk Charitics Comtni&8ion and
is therefoff exempt from p)Ing Corp)ration Tax on charitable a¢tiviti&s.
VALUE ADDED TAX
The company is registered for value added tax. A prop)rtion of its incom¢ 15 exempt from VAT. The
expendirure relating to this income issubjeci lo VAT which cannot be r￿laiM￿l. thisexpenditure is th¢refor¢
shown inclusiv¢ of VAT.
Partial exempti(m I￿S been opplied to m8nagema)t eX￿dilure. Each quarter inwt tax recovery is limited
io the ￿centage of total income that is business iD¢ome. VAT rwoverd ihrough partial exemption rules is
¢redited to the incom¢ and expenditsre accou￿.
The balances of VAT payable and re¢ovuable at th¢ year-end ar¢ included as a Cutrent assel or liability.
LEASES
The company as lessee . operoTrng leases
All k4ses aff operating leases and the annual rentals are ¢haTTrI to income and eX￿lit￿re on a strdight
line basis over the leas¢ iemi.
Page21

YMCA North Staffordshire Ltd.
ACCOUNTING POLICIES
for the year ended 31 March 2023
RETEREMENT BENEFtrs
YMCANorth StaffordshireLtd..particl￿t¢d1n a mUlti-¢mployerd¢finedi￿¢rltpensiOll plan foremployees
of YMCAS in England. sc￿land and Wales. which was ¢los¢d io new memb¢rs and a¢¢rnal$ on 30 April
2IN)7. Due io insuffici¢nt infornmtiow the plan's thary h&% advised that it is noi p)88ibl¢ to separntely
identify the w¢tS ond liabiltti¢s relating to YMCA North Staff(*dshir¢ Lt
As desaiw in Dol¢ 22, YMCANorth Staffordshire Ltd has a Ubntractyal obligation tomakep¢nsiond¢ficil
paym¢nis of £16.5￿ ￿ annum indexed for itiflation and subjeci io fimwe triennial valuatLons over the
peri(Ki to April 2029. ac¢ordingly. this is shown &$ a liability in nots 18 of these fman¢ial stst¢menls.
In addition. YMCA North Staffordshire Ltd. is required io contri￿le £3,880 per annum indexeA for inflation
lo th¢ operdting exF*llsesof the pension plan and thesecosts are charged to the Statement of Comprehensive
Income as mad
Th¢ compatty also p&rti¢ipates in A stHkeholts pension Scheme whu¢ the amount charged to incom¢ and
expenditu￿ is the ￿ntrIbutIonS payable in th¢ Jvr. Differen￿ F*tsv¢en ¢ontributions payable in the year
and contribuiions actually paid are shown as e1theraccn￿IS or prq)aym•ts.
FINANCIAL INSTRUMEKrs
The Company has elected to apply the provisions of Sectirffl I I 'Basic Financial Enstrnments. and Section
12 '0ther Financial ]nstnmityAts Issues. of FRS 101 in fvll, to all its financial instn￿ents.
Financial a&s¢ts and fujancial liabilities arerecognisedwh¢D the company beC￿m￿% a Imrty to th¢ Contrac￿81
provisions of the iAstsument and are offset only when tbe company currently has a legally enfomble right
to set off the reCO￿lsed amounts ititenth either to settk on A net basis. or to realise the assd And settle
the liability simujtaneously.
Financialasstts
Debtors
Debtors which arereceivablewithin one yearandwhicb do not cOt￿l￿te a financing transxtion are initially
m¢a$ured at the transaction price. Trade debtot5 are suFtsequently measured at amortised cost, Ixing the
tranuction price1&8s any amounts settled and any impairnient los
A provision for impairnient of debtors ts a8tablished when there is objeclive evidetLce that amounts due
will not be ¢olle¢ied a¢¢ording to the original ternis of the contr￿t. Impairni¢nt I0￿e$ are recogni5￿ in
profil or lo&s for the exc￿ of the carrying value of the tra*k debior overthe present valu¢ of the future cash
flows discounted using the original effective intertst rnte. Sulwufflt reveEsals of all impairment loss that
obi¢clively relaic lo an ¢￿t (￿cUrring aft¢rth¢ impairmeni loss was Tecognised.ar¢ rwognised imm¢dial¢ly
in profil or loss.
Finonci471 liabilili
Trade creditors
Trade creditors payable within one year that a) ￿)n￿ltute a fmancing transathion are initially measured
at th¢ trans8CtiOrt price and subs¢quently m¢&8urnI ai amortised cosi. being the transaction PTiC¢ less any
atnounts settlcd.
Bornipws
Borrowings are initially re¢ognised at the tt4nsa¢tion ill¢luding trans8¢tion ¢05ts. and subsequently
measured at amortised cost ￿SIng the effeaive intejut method. Interest expense is recognised on the basis
of the effective inlerest method and is in¢luded in iniertst p4yable and other similar charges.
Commilments lo tff¢ive a loan ar¢ mea5urryJ at cost k&5 itnFmirnlffl
Page 22

YMCA North Staffordshire Ltd.
AccouNrtNG POLICIES
for th¢ y¢ar ¢nded 31 March 2023
Dereeognilion offiM4natil4￿Sets aRdltoblllrfes
A fina￿101 asset is dere¢0￿1Sed only when the ¢onts4¢h￿l rights to cash tlows expire OT are settled. or
subsfantially all th¢ risks 8nd rewards of ownership ar¢ transferred to another party. or if some significanl
risks aTKL reward5 of ownaship 4r¢ retained bjt control of the a55d has trdnsferred lo another paty that is
able to sell the asset in its eniir¢ty to an unrelated third p8fty. A financial liability (or part thereofj is
d¢re¢0￿1$¢d when the obligation 8pe¢ified in th¢ is discha￿, cancelled or expires.
PROVISIONS
Provisions aff Tecognixd wln) th¢wmpany hasan obligation at the r¢￿Tt]llE date as a result of a past event
which it is probable will result in the trAnsfff of ecrnomic kn¢fits and thai obligation ￿ be estimated
reliably.
Provisions a￿ measured at thebest estitnai¢ of the amounts rwuiral to s¢ttl¢ the obligation. Where the effect
of th¢ time value of money is material. the provision is based on the present value of those amounts.
di8¢ount¢d at the pre-tax discount raie that r¢fiects the Tisks SF¢¢ific to the liability. The unwinding of the
discount is r¢¢ognised within interest pyable and similar charges.
Provisions relale ¢0 an by YMCA North Staffordshire LfrL to contribufr to a historic funding
deficit of YMCA England'swiTr] scheme ovtt2 pttiod of lim
RESERVES
Income ondexp¢nditure ruerve
The company's plicy is to maintain a ptht level of t&serv&% to insure against liabilities.
Reserves are also used for aclivities to 4551st the associalion to achieve its stralegtc purp￿ of helping people
recover a 8ense of self-worth 8nd live in cohesive communitie
In particular. raerY&8 will used to ¢L$u￿ thai ￿￿10￿￿n¢Tht and maintenance are io the highest stand
to provid¢ housiog quality thal demonstraos how highly the company values its customer5.
The dirKloTh ¢oniinually the neds of ￿￿toMerS and provide a rdnge of short and long-terni housing
and support services that are innovative. ¢ontinualty improving our capabilities* people and tKrfornwice.
DesignatedResenY
Funds are design8ted by the company forptirticular putpws (see note 19).
RestriciedReserve
The Company has a restricted reserve which is held under the terms of a contract with a fundff and ¢on only
be applied to revenue with their authority. R￿er¥￿ that ar¢ Shown as restri¢ted h8ve Conditions as ￿ their
Usage attaC1￿d and are thuefore tM)t availabk as a su￿1￿5 reserv
Page 23

YMCA North Staffordshire Ltd.
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 Mar¢h 2023
CRITICAL AccouTrrriNG EsfIMAIES AND AREAS OF JUDGEMEKr
Estimates and judgements continu411y crfaluata and are based on historical ¢xpeTience and other
factors. including expectstscffls of future events that a￿ believoj to be rea$￿able under the
Cir￿M8¢anCeS.
Crili¢alaccot4ntin8 e511ma1￿ andassryiioRf
The company makes astimates and assumptions concerning the fithire. The rwlting accounting
estimates and assumptions will. by d¢finition. seldom equal th¢ relat￿ actual results. The ¢slimates
and assumptions that have a significant rtsk ofcausing a maierial adjustment to the ¢aTrying amounts
of 9ss¢ts and liabilities within the next fitwicial yearar¢ dI￿uSSed bdow.
The YMCA is still operating in a d)anging envirotunent due io conlinueA thang¢s in so¢ial policy.
In making Our￿uMF￿1Ons for income and ex￿dit￿re th¢ board nionitors the ¢xlernal environment
carefully, w¢ wcak closely with Ixith the local auihority 2nd YMCA England Policy Team wh
moking our fmancial assumptions. The cutrettt PD)jections are based upon th¢ latest infomlation that
we have. 3md all forecasts are Teviewd on a quartetly b&sis and updated for ￿1¢￿1141 chan8e&
The rate used to discount benefit obligati¢)ns lo their wes¢nt valu¢ is based up)n market yields for
high quality ￿rpOrate knnds with tenns co￿8￿$￿nI with those of the benefit obligarions. Our
commitment to the YMCA Pertsion Plan for the nexi 9 year5 has been discounted at a rate of 3¥
amounting to a net preseni value of £96.884 at 31 March 2(tr23 (2022: £120,602).
Criiicoloreas ofiudgement
All housing pmF¢rties are included in the financial statements as pr(wty. plani and equipment and
statd at cost less accumulated de￿¢¢i￿lion and impaimierti loss¢s. The Lx)mpany re8ularly r¢view8
and assesses the caTrying value of its xKial housing properti&s for arty iTrdication of impairment. In
making the judgemenL management consider the detailol criteria set out in the Housing SOIV and
would recognise such ch8ng&% in the financial 8IAtetnents as necessw.
Page 24

YMCA North Staffordshire Ltd.
NOTES TO THE FtNANCIAL STATEMENTS
for the year ended 31 March 2023
TURNOVEIL OPERATNG cosrs AND OPERATING SURPLUS
2023
(Re5￿ted)
2022
(Resta*d)
Turnover Operalia%
Other Owaling TwDover OpeNing
Other Oper&tin8
costs oper•tiDg
5urplws
costs operating swplus
income
l]Komeand
EX￿dit￿le
from Social
Housing
LaLin8S
3,069,916 (i7448fj6)
34051 2,&n,615 {2,507,396)
3711219
Non.S¢¢ial
HousLII8
Activities
2,250JI• (1,181￿7)
3W3 2303.￿>] (2,086,687)
18,843
4A278
s32￿116 14.924533)
301,7•4 5.081,217 {4.594.083)
18,843
416.497
(Restated)
2022
Particuiarsof iw)rne aThdexp¢nditure fr(￿ wial hwsingl¢ttin
202J
TURNOVERFROM s(￿lALHOusING LErriNGS
Rentsreceivablend of voids
Setvicecharges rffeivable
71ffj138
9(412
25l2.858
93.272
NEfRENTAL fNCOME
Iwso
263275
2.6￿.130
271.4(K)
86
Sup￿tn8 people8rantreceivable
Other income
TURNOVERFROM SOCIALHOUSING LETTINGS
3,1)69.916
1877.616
EXPENDITUREON S(KIAL HOUStNG LEfTfNGS
I￿65.749
730.783
1&431
57,803
1,749,578
712.152
15229
30.438
Athninistrative ¢o$ts
Bad debts
Loan interest
OPERATtNG COSTS ON S(￿LIL HousfNG LErrrNGS
{2J72,766I {2,507,397)
OTHER OPERATING tNCOME
Insurance claims receivable
OPERATtNG SURPLUS ON SOCtALHOUStNG LEfTtNGS
697,151
370.227
Reni Iossu duc io voids
196214
176,570
Poge 25

YMCA North Staffordshire Ltd.
NOTES TO THE FINANCIAL STATEMENTS
for the year endol 31 March 2023
ACCOMMODATION fN MANAGEMEKf AND DEVELOPMENT
2023
units
2022
units
General needs bousin8
- Affordable rent
Supw)rted housing
42
118
42
120
TOTAL UNrrs IN MANAGEMENT
i(
162
rNTEREST RECEIVABLE
21ll3
2022
tnterest on bank dwits
11738
3,965
INTEREST AND FINANCING COSTS
2023
2022
Loan inieresi
Impact of discount on r*osion tKovision
57,803
30,438
OPERATfNG SURPLUS
2023
2022
OE*rnting surplus is stated aft¢r¢hargin
Dep￿lan0n of housing woperties
Depreciation of othff tangible r￿ed assets- own￿1
409.704
I23.￿2
410,595
120,809
Audiior's TemuDeration- audit
17,433
14.500
Page 26

YMCA North Staffordshire Ltd.
NOTES TO THE FINANCIAL STATEMEbrrs
for the year ended 31 March 2023
EMPLOYEES
2023
Numbti
2022
Numb
The average monthly number of pusons (includitig dirutots)
employed by the company thjring the yearwas..
Office and management
Housing sUPPOrt and care
Development
21
79
138
150
Staff c4)sts forthe alK)ve wrts:
2023
2022
Wages and salaTies
Social security costs
Other pension costs
2.643,101
230,186
94,156
2.505.100
196.360
80.959
1967843
2,782.418
Th¢ fvll-lime ¢quiv41ent number of $14ff Twho Trceifftl
remuneration (excluditig directors):
2023
2022
Numb
Number
£70,￿1 - £80.IM)
£60.IJ)1- £70,IXK)
£50.￿1 - £60,￿￿)
BOARD MEMBERS AND EXECUTIVE DlliECIDRS
The totsl remuneration of the key managemeni personnd of the Company was £616.422 (2022..
£390.937). This is due to three A5xKiate DI￿10[5 being aFwintol.
TAXATION
Th¢ wmpony is a regist¢rnl ch8riry and therefore it is exemN from Col￿ratiOn tax on income and
gains falling within Cha￿tr 3 Part I l of th¢ Corp)1￿10￿ Taxes Aci 2010 or S256 Taxation of
Chargeable Gaius A¢t 1992 (TCGA 19)2) to th¢ ex*ni that these are applied to its chatitable
objects.
Page27

YMCA North Staffordshire Ltd.
NOTES TO THE FINANCtAL STATEMETr¥rs
for the year ¢ndeAI 31 March 2023
io
TANGIBLE FIXED ASSEFS
- HOUStNG PROPERTIES
SrKial housing
housing properties under
N)erties held
the course of
Other
Total
COST
l April 2022
Addition5
Disp)sal
11215,704
41,781
(178.330)
1598,437
85,977
6,022582 18,836,723
127,758
(178.330)
31 March 2023
11,079.155
1.684.414
6.022.582 18,786.151
DEPRECIATION
l April 2022
Depreciotion charged in year
Ttan8f
3,672995
393.9)5
1.183.821 4.856.816
15.799
409.704
31 March 2023
4,(KJ6.
1.199.620 5266.520
CAiiRYtNG AMOLINT
31 Marek 2023
7.012255
I￿4.414
4021962 13519,631
31 March 2022
7.542.7(P)
1.598.437
4.838.761 13.979.907
EXPENDITURE ON WORKS TO EXISTING PROPERTIES
2023
2022
Improvement wryk capitaiiso
6,628
47.400
EXPENDITURE ON WORKS TO EXISTING PROPERTIES
2023
2022
Total cumulative amounts received or receivable at 31 March:
Capital grnnt
IW3273 15,873,273
Pttge 28

YMCA North Staffordshire Ltd.
NOTES TO THE FtNANCIAL STATEMENTS
for the year ended 31 Maich 2023
loa TANGIBLE FIXED ASSEfs- OTHER
3G Pitc14
rRxtur¢
and oifice
equ4Nneni
Motor
Carpark T¥ehick4
Total
COST
I ApTiI 2022
TTansf¢r
Addi¢ior
1.6J5.997
12J83
108224
1.756,frf)5
157,442
161990
31 M¥T¢h2023
1.793,439
12J83
112,772
1,918,595
DEPRECIATION
l April 2022
1220536
4.117
91.663
lJ16,316
Depreciation charged in year
112.649
248
10.735
123.632
31 March2023
1.333.185
4.365
102.398
1.439.948
CARRYING AMoUF￿.
31 M•r¢h 2023
&018
IOJ74
478,647
31 Marth2022
415.462
8266
16.561
440.288
Page 29

YMCA North Staffordshire Ltd.
NOTES TO THE FINANCtAL STATEMENTS
for the year ¢nd¢d 31 March 2023
12
DEBTORS
2023
2022
Amountsfalling due within onejear..
Rent and services receiv&ble.
Provision for bad and Ik)ubrful debts on rfflts gnd seryices
receivable
164,127
146,273
(8,309)
175,930
$0.294
51.110
137.964
53.730
39.506
Other debtors
Prepa￿ts and accrued income
277J34
231.200
13 CREDITORS: knounts falling due within ijne year
2023
2022
Bank loans
Deferred capita] grants
Trade creditor5
Other taxation and social security
Other creditors
AccTuals and {kf¢￿ed income
S7￿03
58.167
265209
47.563
63.595
81,052
431.49)
75J31
55.703
73264
302,425
829A35
947.076
Health Zone- A grant of £40,OA) (2022: £50.113} was rettiv¢d during the y￿r to rlln health zone
activitie8. Attheendof theyedr£36281 (2022: £14,036) h&1 rkot I￿} sFntand thisbasiKen r¢served
in a control account within accn￿lS and thf¢rred inwne in the fin8n¢i41 slalements.
14
CREDrroRS.. Amounts falling due aftermore than one y¢&r
2022
Bank loan
Deferred ¢apital gFants
1289,793
,313,798
11809022 11,674,631
11h99￿15 12.988,429
Page 30

YMCA North Staffordshire Ltd.
NOTES TO THE FtNANCIAL STATEMENTS
for the year ended 31 Marth 2023
14
CREDITORS: AMoull￿ falling due afttt more than one yeaT {continuryJ)
Included in creditors 8r¢:
2023
2022
Amounts rcpayable by insthlments falling due after more than five
1,197,842 1,109,286
The bank loan agreements specify that interest on the loans is charged at o ratc of 2Yo per annumalK)ve
the banks base rdte. The bas¢ Tate at 31 Marth 2022 is 0.750/.
The bank loans are secured by a fix¢d charge agains¢ th¢ Ixop#ti¢s of th¢ company.
15 DEFERRED CAPITAL GRANTS
2023
2022
As al l April
Granls receivgd in the yrdr
Capilal grnrtts released
11,939039 11.693.125
511.923
(265209)
(265.009)
As at 31 M8r¢h
11ffi74030 11.939.839
Includ¢d wiihin WiEal grants is The Big Lonery Fund'my Place" ￿aTr1WhICh is secured by a legal
Mort￿ge charge ovff the freehold land on the northea* side of Harding Roa(L Hanley> St()k¢-on-
Trent. Should th¢ YMCA IxeKh any of the grdnl L¥)ndition4 the grant will be repayable at a rate
equal 10 4•A per 8nnum atK)ve the Lloyds TSB Bank plc. base rate.
16 FTrIANCIAL INSTRUMENTS
2023
2022
Financial 8ssets'.
tkbt instruments MeaSu￿d & amortizd cost
180J71
155.763
Finan¢ial li8bililies-
Measuredat4mortized L¥>st
829535
823,462
Page 31

YMCA North Staffordshire Ltd.
NOTES TO THE F￿ANcIAL STATEMENTS
for the year enda 31 March 2023
17
PROVISION FOR LiABIL￿lEs
Pension
deficit
AS al l April 2022
Utilised in the year
Unwinding of discount & change of discount rdte
120,602
(14.542)
(9.176)
As At 31 M•r¢h 2023
9fj884
The YMCA En8latKI's Pe4Lsion Pian kXOVAdtrre&KesMts the nel (pre$￿t valueof the commitment to
the mulii-employer wion scheme in rwi of pasi d¢fi¢its. Thete is an agreement by YMCA
North SiaffordshTre Lid. to rontribu* IO histQTiC funding deficit of YMCA England's pension
sch¢me overa period of time (see note 22).
18
SHARE CAPITAL AND RESERVES
SHARE CAPITAL
Th¢ Company is limit¢d by 8uar4nle¢ and wwwtlyhas no share ￿pItal. Each of the wmpany'5
memberg to contriljutr £1 in the evart of th¢ compny W1￿J1￿8 up.
RESERVES
R¢s¢rv¢s of th¢￿MpanY r¢rnt th¢ followin
Income and e¥pendiiure ￿erve
The company's p)licy is to maintain a wudent level of reserves to insure agaitL8t future liabiliti&%.
Reserves are also uwj for a¢¢ivities to &ssist the association to athieve it5 strategic purw8e of
helping ￿pIe recover o of 8elf.wonh alld liv¢ in cohesive communitie8.
In kWti¢ular. r¢s¢rva will be u*1 to Ukswe that development aMI maintenance are io the highest
srandard to tyovide housing qualItyth￿ d¢mottstrateshow highlythe company values its customers.
The directors continually aws the needs of customers and provith a rnng¢ of short and long.terni
housing and Supp￿ services gTe innovative. LX)n¢iuually improving our¢apabilities> people and
perforniao¢¢.
DesignaredreserveF
Family SeJvices- io 8UPFK)rt the development of families and c(mimunitie5 StayiDg connected. The
designata r¢serYe figure of £6,629 (2022: £35235) is money thai was transferred to YMCA North
Staffotdshire Lid. when Contaci First Join￿ YMCA North Staffordshire Ltd. The Board agTeed that
this money Should k deS1￿￿ted to suFwrt that area of work. li has been agreed that this money be
used to assist the Family Services Department io make the ¢ran5ilion caused by legislative change8
inthe wnmissioning of child contsa a&se8￿￿t work
The Greets AppMti¢es Tntyi . this m¢xw was donated io the YMCA. The Board h88 designated
this n)oney kn provide a sour¢e of fU￿ling for new ideas to imwDve seTViLZS and to 8enernte new
Page 32

YMCA North Staffordshire Ltd.
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023
18
SHARE CAPITAL AND RESERVES (continu￿)
Maintenance reserve - the YMCA had a major (kVel¢J￿¢nt programme itheen 21K)8 and 2013
which over iitne will Ksuli in increLs¢d for m8intenance and major repair5. The board fe¢ls
that it is Im￿)rtant to highlight this gnd work to ensur¢ that any fvrure Costs can be met. The Charity
has hadan independeni retffiprrmlucd lopredicl &s a¢a¢ately as possiblethe ¢ost of futureplanned
and major repairs and guide our lon8-tern) mainienart¢e [￿gramMe. To date the Board has
designated £774.429 ¢0 this res¢rYe and will monitor the reserve annually.
Reslricied r￿erV
ReSc￿eS that are shown as restricted. ail have conditions a8 10 their usage auached and th&efore,
are not available as a Su￿1￿$ reserve.
Big Lollery- it was a requiYem•tt of the Big Lotttty Grnllt Fwid to wovide detai￿ of any amounts
held within r&4trieted reserv￿ relating to th¢ Fund A grant of £123.949 (2022.. £131.594) was
received ill the year. AgaiTh8t thisgrant expu)dithtteof£123.949 (W22: £85.051) was irtcutred during
th¢ year.
A r¢¥¢rv¢ of £nil (2022: £46543) was held in ffstri¢ted nerves ai the end of the year.
19
RECONCILIATION OF PROF￿ ATh TAX TO NET CASH GENERATED FROM
OPE114TIONS
(R&gtated)
2022
2023
SU￿1￿$ for the year
Adjustments for.
Depreciation of tsngible fixd assets
Release of TesiTiCted and designated reserves
Defined benefit pension scheme
Capital grdnts released
Interest receivable
Interest pyabk
361,704
416.504
533J36
531.762
(23.718)
37,870
(260.401) (265.209)
{18.738)
(3.965)
48,627
30,438
OFeratin8 cash flow FKfoff movemcnts ID working w)ilal
(Incr¢as¢) I Ik¢rea8¢ in sto¢k
(Incre￿) I decre￿ in trade and other dd*o
Increas¢ l (decreas¢) in and othty¢redi¢rAs
640810
747,400
8,860
(4Q134)
37,637
(143.495) (247,090)
Cash g¢nerat¢d from op¢Yatiotis
451,181
546.807
CASH AND CASH EQUIVALENTS
2023
2022
Cash and o4uivaknts repr¢s¢ni:.
Cash 91 bAnk
3J44,269
3,058,765
Page 33

YMCA North Staffordshire Ltd.
NOTES TO THE FtNANCIAL STATEMENTS
for the year ended 31 March 2023
20 REfIREMENf BENEFrrs
YMCA Nortb Stsffordshire i￿. I￿rti¢ll￿1￿1 in a contributory pension plan providing definal
ben¢fits bascd on final pensionable pay foranploy¢es of YMCAS in England Scotland and Wal&s.
Theasscts ofthc YMCA P￿S1¢)n Planar¢hekl separalely fromthosc of YMCA North Staffordshire
Ltd. and at the ye2r-end th¢s¢ w¢r¢ inv¢st¢d in th¢ M¢rc¢r D￿1¢ tk-riskin8 Solution, 41P/o
Matching portfolio and 61PA in the ￿wth ￿rtfOlIO and Schroder (property units only).
The most receni completd thre¢-year Ydluation was as at l May 2020. The assumptions used
which have the rn0￿ significant effect on the resulis of the valuation are those relating to the
a&8umed rdies of return on ass¢t5 held before and afterretiremffll of 2.5W/o a￿1 1.09Vo respectively.
the in￿eaSe in p¢nsions in pajinatt of 2.W/o (for RPI capped al 5°/0 p.a.), and the averdge life
expectancy from Thorn￿1 r¢tir¢ment agc (of 65) for a CUTrent male pensioner of 22.0 years, female
24.4 years. and 23.7 years for a male peJ)sion¢r. female 26.1 yeats. retiring in 20 years, time. The
result ofthe valuation show¢d that the actiwial valu¢ of Ihe assds was £146.Im. which representoj
7￿/0 of the benefits that had accrued to membffs.
The plan's actuary bas advi*J that it is not P)5sible to separately identify the ass¢ts and liabilities
relating to YMCA North Staffordshire Lt(L andaccordingly thepension deficit Is not shown on the
balance sheet.
Th¢ Pension Plan was closed to new members and fvture service ac¢Tual with effe£l from 30 April
2007. With the removal of the salary iitthage for bel￿fits all employed def¢￿ed members became
deferred members as from l May 2011.
The valuation prepared as at l May 2020 51wwvAI that th¢ YMCA Pension Plan had a deficit of £36
mill jon. <<YMCA>> has been advisai that it will need to make monthly contributions of £1,705
from l May 2021. This amount is bas￿ on the current acti]arial assumptiOJLS (as outlined above)
and may vary in the future as a result of ￿tUal perfomwKe of ih¢ Pension Plan. The CUTrent
recovery peri￿ is 8 years commaKing 1° May 2021.
In addilion. YMCA North Sthffor&hire LtiL may haveover time liabilities in the ¢v¢nt of Ihe non-
payment by other parficipvting YMCAS of their share of the YMCA Pension Plan's deficit. It is not
ssible currently to quantify the W￿l1a1 amount that YMCA Nortb Siaffordshire Ltd. may be
called upon to pay in the fiLture.
The company also participates in a stakeholkn ￿slon scbon¢ for other ¢mploye¢$. The assets of
the scheme aTe held separately from those of th¢ company in an independently athninistera fund.
The contributtons payable by the company charged io income and expendi￿re amounted lo
£94.156 (2022: £80.958). ContribJtions of nil (2022: £9,680) were FByable to the fisnd at the year
Page 34

YMCA North Staffordshire Ltd.
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023
21
RELATED PARTY TRANSACTIONS
A Board Manberprovides the Associatiiyn with HR supixxl on a con8ulrAncy b￿18. l)uring the year
total of £3.650 (2022: £3,(KKI) was paid to this Board m¢mbu. AE 31 Mar¢h 2023 £nil {2022:
£3(M)) was outstsndin&
The Board Member and Chai4Ktson are commoo directh of The Ideas Facility Limited Durin
theyear The Ideas Facility Limited wivided knining swions totAling £6.120 (2022: £14.760).
Gonlon French A&8ociates Ltd delivered O training s¢ssion on Equ81ity, Diversity and Inclusion in
the year lotaling £8859.09 (2022: £745.35). Trevor Gorth)n was appointed to the Board of YMCA
North Staffordshire Limited on 14112Q021.
Entrust is an Education & Skills supkkn suvice which delivettd sessions io our young F¢ople totaling
£921.60 in the year. Jayne is a Board MeM1￿r and is Also employed by Entswi how¢v¢r. the
arrangement existed FRfo￿ Jayn¢ Thorp¢ w&$ 4pp)inled Conditions of trgd¢ hav¢ remained the 8ame
since the aptM)intment of the truste4 therefore. consider the transaction to be ¢ondu¢led al market late.
RESTATEMENT OF ACCOUKTS
In the 2022 Ac¢ounts. an adjusirnent wa5 made io rec4)gnize the £123,613 in the year that was
incorrectly reco￿)Zed as in¢om¢ and ther¢for¢ the I￿￿l￿On has now been adjusted. This resulted in
2022 Income & Expe￿IllUTe Re5erye and Surplus being overstated by this amount.
Turnover
5.081217
5.072587
Sutplus
425,134
416,504
Creditors within year
(823.462)
(968,986)
InwTne & EXp￿din￿¢ RN¢Tve Wf
15032(
1804,729
tncome & Expenditure Resttve elf
2.71M.724
2.841ffj17
Page 35