Reading Y.M.C.A. Ye* EnLkd 31 Marth aY22
Reading Y.M.CA. Amual rewtand financlal statements lor ye¥MOed 31 Ilarrh 2022 Contents Page: of Manag&mr5 levt 11 14 15 16 Ccn¥ary balaKe thet 17 18 19 Board ol Managem•nt (d1101$) K Felgale P Dick OBE R Fknng R Kfflliams {appointed 24 JaThwy 2022) S SheNood Iresiwl 1 Febry 2022) Chl•f Ex•cutlv• Offic•r Mr D Poumon Company number 05646553 Reglstored office winclpal place ol buslness 34 Path5vk Road, Re•(SrvJ. 8ethshwp, RG30 20D Bankern 8ardays Bar pk, Tlehurt 8wksh¥e 5ollcltorn Fdd Sgymour e5. Readyg. Berkstre AlItorS James CowperKre8kn, Reading B CfyyeStreeL Re, Bwke, RG1
Reading Y.M.CA. Chknl ExeGuU¥• snrnary forthe t0d ended 31 Mar¢h 3022 In April 2021 the Board c Management appvnted Dave Poullon as Chief Execulrve Officer. The year has passed quickty and the wodd continues lo Chge rapidty as we cover fr the lingering ¢haller4Jes of COWD-19. However. Reading YMCA cOntir85 to work hard in the face of these challenges lo support eMFthwy(n9 peooe and the Communty and we're proud to rept another successful year. 1. ()Jr woth in support aNI hjusing is critKal generates some 90% of our furKling, around £650K. We w4Jst seek to maintain improve starKlards in this key area. In support of that, we must seek a ckxer wthYJ rdatiorthip 7Arylh Readiryj B(Yough Council. partlcularly bul t onty at trM)ard levd. 2. We must continue lo ftKus on mrye poslThie wtcomes for people (for example more NEET moving lito trnthmert e(ILKaticffl. more positive moving on by residents). Key to this will be to ¢tinue to deb0P Conunty pmgrammes which will he enhare the lrfe skills. heath and Wbn9 Of1 yOg people whom we servo. This will include, but not be limited to. buikng on the successes of Ihe Caé, the pre-sch1. PathNorth Actmty Centra and the new Sports CentrB. 3. The CEO and as approprHte senKY colleagues wll foster 9tsJd relation$ wilh Sl Paul's Group, ¢e obvious way 15 to leam frcffi their extersple suite of polri85 and practices, a time efficient way of slRngthening our govemance. 4. All seek lo maximise in¢¢>ne arKI beneffts d ¥KI friwD all ijurfxilities, so as to gruw investrnènl In our e(e serv85. S. cod- llIe the pandemK C1n. we al uThlerstsnd thal keeplng cfienls and staff saf8 d well is a k8y and ovwidiTrJ priority. The four points thve will rernain key prtorilies. Key SLKce5ses this yw inclthde." We have welcomed several sialb Reading YMCA. Some ofthese rtrew team membe Pove taken rrAes whth are key to thg success of the organisatth and are off to a fying start. As a resul. we've aiso saKI gwjbye to som frien(Is and famity who have moved on lo pastufts nwN. We have agrebj a 3 year cWith ReadKw Borough Council io provide Supported AcyjdatI?n ts vulnerable 16-25 years olds who would otheNise be hres. Foll(Mng k¢kdtrwn restrKlions. we have retumed io face to fac8 work with children young peae. supporting them to achVe ts L5t possible ¢xrtcOW, whilst remaining COVID- secu. The opening and hiring ofthe Sw1s facillles has been a sUCC8Ss. re5ulling in us finishing the year a financial posféion that was better th w4ecled. The facilities book t and we hope to continue wekorr4ng chjbs and Ofganlsations to enjoy the facilities In YMCA Athty Centre perfornied well agawi this year has 5c¥ne WeStabliShed groups attending for regular bookings. The P¥kside Calé has perfonned belter than tsJget and Is making strijes back in the dir8Cticffi of bècoming selF-susl•ning again. YMCA PafksKle Pr&Schl continues lo support MMnty and lo irrpress by scoring high satisfaction ring$ frryn ¢hihJren and pamts. wlt m*ining our Olsted rating of'Good'.
Reading Y.M.C.A. Chlef ExoCut Summary lorthe perfod ended 31 M¥ch 2022 Followmng the success of last yw. Ray Tapken MBE has C¢tIl1 to successfully ratge furwJ$ for Reading YMCA this year. ft has ncl been an easy yearfor ffjone raising fd$. we are etemaNy grateful to all ofthe organisalD)ns and indivpJua15 have contributed lo us over the year. Our thanks to the fc4lowing organisa11x th ht paid sJnrfKanl contulK)nS during the year.. Cov119 ewency fvTrYirMJ Helen Robertson CPArlatAe Tntst John Bn it F¢ndatIOn Waiter Guiness Charilable Tnt Austin Fhy Pilkington Earfey Chwity Pat Newman Memorial Wilson Famity Percy Bilton Charity The Grace Trust The Reuben Foundation Vtck CA St Lrence Church Charities Dave PouRon Chief ExecutNe Offt•r Rea(ling YMCA
Reading Y.M.C.A. Report of th? Board of Management for tho period end•d 31 March 2022 Report of the Board of Management for the perlod ended 31 Alarch 2022 The Board of Manag&menl is pleas8d to presenl il$Annual Re[rt together th8 au(ted financial stat8mènts for Iha period ended 31 Marth 2022. This pt is also the t)vect. Report requyed by sedon 417 of the Companies Acl 2006. 11n YMCA Is the largest ohjest Yrth chth in the worfd and celebrated 115 175 2019 with a serfes of events, the highlight of which was 8 4 day tsJnleren¢e at Excel London in Awust. Today YMCA Is a gknbal rIK)wnL hdpwig (Mr 58 people a(yoss 119 countrle In Eryland and Wales YMCA intensiv&¥ support 228.000 youn9 people evèry year, ensuring ea¢h yOLmg pewi we meet has an opporiunity to belon9. contribule and thiive. Across EW there we 114 YMCAS. Reading YMCA has rn1[nUed Io SUT¥ive and thTi¥e in thi5 en¥[ronMe It tra it5 origlns bad( to the aadlest days of1he YMCA movernenL The firsl lomHI m8eirwJ ofReading YMCA was on 18th December IB48. Readiryj YMCA claims kn be ofthe Llesl YAqCAs in ts w(Kkl. In reaching thls point YMCA has eontinually e¥ofrrfed and adapted to changing (xrcumstances.. no more so than in Ihg last few years in the UK. The fThncaa crt5is resukanl ausieiity regirne has kft L¢xal AuthIlleS ILAS) - key commissioners of YMCA seNces-with SignifndY redLad budgels for semces and houslng support for young poopla. At a tirn8 wh•n the UKS young peopk red tr sthyKes mtss( prOA of senriees eonltnuè lo be cart. cOd conliThJed lo be a IwJge corntsation. Rewjlng YMCA operales as a Reglslered Ch•My. Cryrw Limited ty Guarantee Re9iStered Protsider with Ihe Soclal Houslng Regulator. 21 HousiThJ Readlng YMCA prodeS supported housing for40 senAee usws al any one tAne Ohrough Its parde Road acwnmodation cenlre) atxl wo$ closely with ReadirKJ Borou cow$ IK)u5ing department. criminal justice agenae5. sub5Ce ffli8u5e ser4Tr5. 1[a1n9 partneTS and oth8r sp•CAali young pp1a.8 seNice5. 2.2 cMUnty InVd¥wI In addilion. Rea(ling YPKA (worates the ParksKl8 PrethsdKd and th• Parksid• Comrnunty Café on.site. bolh tremendous assèts to thè Reading YMCA Community profile, 8n9 with the ongoing semces ofthe Reading YMCA Wothshop which pmwdes allemative learrung lor Crwknry College students. ReadiThJ YMCA wwk5 in partnershlp with a rdnge of commur¥ty services ClS- from SC{ groups through to senior (xtrLen group5- and draws on a range offacilities to provide serV0S. induding ils ffia accornffltsjation cantre ibu1 in 2008). the Paarth Outdoor Activbty Centre. and it5 sp$ faolitres- thg Mhlvard Cgnlre. tt works wilh several Mmdred children. young people adults each year and the annu Is ¢wrenUy o%v £1.(MxI.rJy). 23 Future plar ReadSng YMCA Is lojking to ¢tinUe lo wnd lo the chaUerwJes in its hxal ¢orrwnunty and lo meet the needs of young people in the wea. As with the wdtrYMCA MOV1. il is ting a mre holistic approach, with a I$ on crealing a community that is transfomiwwJ I. Cilita to ttms i% h*ng yw peop play an actNe and fuffllling roi8 within their coMmunie$.
Reading Y.M.C.A. R•port of Board of Managemènt for the wlDd ended 31 March 2022 lin this teXt. Ihe ViSKn of Read1 YMCA is of an Ctrwistian movem&nt transf0m1K ¢ommunllles so thal 1 young people can bekng, ntilmJIe IhrP. Thi5 is underyMnn8d ty fNe strong distinc11 v8lues that flow frIMn YMCA'S Chrisuan ethos.. W• w•k out We actively look for opportunilies lo me a transtsmth inpact on ycrtmg in the commuiuiws vthere we work, and bèlieve thal every petson is ol equal vak. We wtlcom? We offer peoF4e the ¥paG8they need to feel sere, resp&Xed, heard KI valued: aThl we always pnoct, trust, hope and per5eve We In$pl We strive to Inspire eath pe1 nwllo nurtwe tsirbothl. rnind and spiiiL aKI to realis8 th8irfull potential in all they do. W• sp•ak out We sd up tr yourwj people. speak on isgJes thal affect1 e$. aThJ help lo fwml conffidence in Ihelr voice. We serve otheT¥ We are fK>mmitted to th8 wellbelng ofthe (xJnnunrt5 seThY and b8kn• in the positive benefit 0fpartklpa0n. aNI in the wider w(rfhd. To deliver on this these vaues. Reathng YMCA has reCOlSed that rt n88ds to furlher change and develop. Speoficalty. it has sel a nLThber of SIrnt¢ goals to be le¥ed over the lifetime of this business F48n. These are: 1. Continue lo delNer hJh qUaty swJporte(l acconNNJdiM being recognwl a5 the ReadirwJ martel leader in the delivery of supported accwimcthbon ky youThJ peoF4e. 2. Develop delw trgh qu pwanmes enabling eloPt of chren and young people. 4. Supporflng arnl enhandbyd quality and good govemm. S. LessenlTrJ tyjrdependence on p(Uth. 6. Operate ourfinances in a prudent m¥w. 3.1 Our Objects 1. To unite those who. regardNvJ Jesus Chtst as thelr God and SavIcwac¢ordg lo the holy scriptures. dèsirè lo be his disae$ in their falth and in thelr lrfe. aThl to asstKiate their effort5 the extension of His Kingdorn. l To lead young people lo the L(d ksus Chist arNI tt> Athn8s5 of li18 in Fkn. 3. To provide or assist in the prO$10n in the tereSt$ of so(>al well¥e Offa¢t for tecreation and other lelsure lime 0patiOn for men and w(Knen wlih the otr4.ect of Irnprthiffj thek corwjiiions of life. 4. To provide, iThyrove ar#J manage houses 8ThJ IKtstels wo¥Mng residertMI aC0)IT)jan for men and women of all ages term5 appropriate to they means. And the Assooalion shal have the fr)wlng Ptyr$ exerds8ble In furth8rance of ils said obj8cts not otheNiSe namety: lal To aFvty for aNJ thweaftgr maintain a califle of AffilialJn to Thp National of Young M•n's chItran As50dations (Incorporaledl. (b) To establish and c1 on n8w bAncts ef the AsSCrfXation. (cl To promote. provide and carry on or asslst In any way In the )11. pThtsion and carrying on of facilltles, soclelles arKJ dubs of kirKJ and to and hohj meelings. tsjnferences. leciwes and training U6$.
Reading Y.M.C.A. RepDrt of th• Board of Planagemenl for the poriod ended 31 Mar¢h 1022 Idl To cOperate with and enter into any Interchwe and benes wllh any Young Men's Christl A8soaation wherever estsblished. lel To provlde direcuy or in asslOn h8(s a advice semce for men and women ofall ages. lfj To cdle¢a and make avalable informalon reld to the neets of n)en and women of all ages. Igl To raise funds and crf receive e0rkntitrons 6)r Y pers( or persons 7Athatsoe¥er by way of subscription, donation and otherwise prri¢Jed that thè Association shal not undertake any pemanenl trading acbwtses in raifAng funds for its dlItble object& Ihl To purchase. tske on leaso ry in excharye. hir• or olherwie acqwe real personal property and any rwjhts vleges and to constsuct, maintain arKI alter 4xerec1 To sell, leL mortgage, dispose of cf tLwn lo acccuit all of the woperty or assets ofthe Assodalkn subject lo suth consents as be requlred by law. Q) To undertake and exeoJle any dwrrable trusts wlKh may lawf be undthaken by the As%yciabon. Ik) To S0clE. and receive ar)d ¥£ept finanoal asststarKe ¢)nl05 and eTrJowrrnls. ghts Ibth inter wvos leslamentaryi. dewses. bequests and loans olmoney, rents, hereditamerts and olher Fwperty vthatsoever real personal and subject or ThJtlo any spetsk ch&itabb8 trusts tsr CLY4frfIs. 11) To l>)rrow or rase money on 8uch tern suth se• as may be t1ght fft subRd to suth Consents as may be required by law. Im) To invest the money5 of Ihe AssocaatK+n not immethaW required orits Purposes In or upon SLth Investments, S8curili8s or propèty as may be thought fft SlIett nevertheless to such l(lin5 (rfany} and such consents {if any) may for the Ihme beiryj be mposed or rerymwed by and sth4eGt atso as herek)after lryded. Inl To lend any part of rnoneys of thè Asso¢i8tion aThJ do with orwilhtiut interest and in the cas9 of a loan not excee(ling £20 wilh orwithout seoJrty and in arby wllh such security as Associatton may reasonably nsider suTh?ent. to enter into guarantees. contrxts of 1ndeMrY ald suretyslmps ofall kdS and lo become secuiity for any p8rsons. fums or Nate$. lol To engage and pay any agents and ernoYaes and lo make al rnasonabte and necessary provision for thè payment of penslorts and s4)eraMuat)n to and on behalfof employees. forffr errlI0YeES arml Iheirwidow5 and other endants. (pl To aStlIsh and $pOrt or aid in estat4ishment aThJ SUPFXXt of any tharilat4e aS$allS or Inslilutior and lo subscribe or9Jaranlee morw for ¢hitth purpJsè$. To do all such other l••rfLI things a5 are for the attawmient ol th8 above objects of any ofthem. 4.1 Gov•manc• and struclur• 4.1.1 Regislralion vAth the Chaiity Comrnissi( As already rtot£d. Reag YMCA 1$ gIsled with the Chty Commission. Companies House and the Social Housing Regulalty. Rea(ling YMCA COMleS wilh the legal requirements and best praclice guidce ofthese and other relevant bodip5 by virtue of ts dutie5 as emFJyw a r8(¥i8nl of go¥Yrnment ft$. 4.12 Board of Manag&Y1 Reading YMCA'S govefflirwJ (knwment is th8 Memorandwn aThJ Articles ofAssoctation 2010. lthdèr Ihese. Iho A550rAation is administered by a Board of ManagernenL whose rnembers (who ar8 both Directors and Trustees) are drawn frL¥n the wder commuimty and briThJ a conswJerat4e rarvJe of &xp9riertce aid oxperbse to the adniStratIon oflhe Assocaation. They operale aryoss the YMCA'S s<Mn*tee$. ctsver. & Support, Safeguardlng. HR and Rernunerntknn, Quality. Development and Finance.
Readlng Y.M.C.A. R•port ol th• Board of Manag•m•nt forthe pertod ended 31 Mah 2022 4.1.3 Opernlional Under the Board of Managemenl. the strategic managwnenl and dwection of the businESS is V85t8d in th8 Chief ExecLrtive, Da Poumon. Day-ttrday opernbal trJusirKJ. SUF$ and Facilties ManeMent Is vesled in Stephen Rttchia,{Biartca POW from 3 March 2022} General MgeT. The Parkshje Pre-school Ss manage(1 by Aison Bennett and the Parkside Cafè by Brian M85kal. Remuneration for these senior rcAes is sel by r)yMJuding a k¢al a)d nab.onal berthfflwk of (xjmparable roles. This benchmarking prOS create5 a salary range then the exact iemuneratJn level is sel by assessing tha indNiduafs pgrformance 8j weriwKe. 4.2 Fundralslng Rylatlon All funtraisiThJ acknty at ReadirwJ YMCA is led in ar£darKe with the FdraISing Regulator Code of PraGlice. Readg YMCA use ry) thlrd paty supphws for MpoSe of funthaising. all fimjdraising adiwes ate cathed oui by staff and Wteers. ReJing YMCA thes Th) fwKlraisiNJ acti¥y ty way 0ftht m•keling. YMCA'S 50wca offundraising Income 1$ from grant makkng Intsts. 4.3 Govornlng Document The organisation is a charilatAe cixnpany finlted by waranlee. wictrporated on 6 0ecember2005 and registered a$ a charity with th8 Charity Comrnission. The company was estsblished undei a Mernorandum ofAssouation whiGh established the objeds powers oflhe charitable ccryany and i% govemed uThJer its Artides of Assoriat)n. In the event of the company belng wound up. rnernbe we reqred to contribuie an alnI Tr)1 exceeding £1. 4.4 Dlrnctorn The in office thihig as Mr P DICK Chair UrR Flernir Urs SheTrvofyJ lrnsiJned 1 20221 Mi G Ntr•Athi Ms G Wodky Ms K FehJat8 Ms R Wlliams lappcinted 24 JaThRry 2022} 4.5 Re¢Nliment fd Appolnlmnt ol TnL¥te The threctors ofthe coryany are also dwity true8s purposes of charity Iw. Thè WO ofthe dwrity loSeS upon yowwj pec in need of support afftl the 1rust$ seek lo ensure that these people are approwiately represented It¥ough the diversity of the Iwslee body. In order lo maint&n 8 broad ml¥. the existing trustees are request8d to W0de a list of Iheir skdLs indNidu81s from outside are approached to offer 4.6 Tn1•• Inductlon and Tralnlng An information pad( IG pded lo trustees. whw ty¥es 1nfCrfn aboui the ethity ar bts role within the national YMCA movement A copy of the rA¥mpany's Mernoran(kn and Artides aThJ the latest finanual stalement51s also provid8d. and naw Tmstees are refarred to the CW Commission's guKlanc8"How lo be an aff8c¢iv8 trus188". Adthtionaliy. rthv truslees a eno)urayEd to farnihri5E thewodve5 wilh the thèrty by meeliTr3 Vrith staff, resldenls and ¢ommuThty user growjs, and by attending a meeling with the Chair of Twslees the Chief ExeculNe al which the aims and obiethve5 ofthe r&wity are (knscJJssed twer with a revivw of Ihe firwcial position. The reSpL1b7i ities of tfuslees we also explaned wlyn this meetwig a copy ofthe Cod& of Conduct for Trustees is provSded on Ic4nlTrJ. A Stakehokfjer Away Day is held annually in order tntstees and slaff to get lowhwand discuss ald brainslomi new ideas and Ihe futswe theCtM ofthe chty.
Reading Y.M.CA. Report of th• Board of MaDaggnvJrt forth• 31 lknh 2022 S Rlsk Manag•m•nt 5.1 Introduclion A Risk Committe8 comFryiU a min¥rKxn of 3 membws of siaff meet every 3 mclth at magement Team Vaings lo idenbfy, anatyse, asse55 and moThturthe Top 15 risks to the organisation. The Chief EXerte reports direclty lo the Board of Magement on iisks to the orwwsatson ai the bianminlhly 8d of memtt meetsn9s. The alms ofthls risk Magement process are.. 1. To wickty identify. evakwte and miliga¢e the effeixs ol SLthn shocks aThJ urh¥elcome surwises 2. Improved managemenl iiforniation leading to MOR th7med decisKm 3. EvlderKe that the ganISatIon is being effeCtrlY managed 4. Ensure Ihat everyone is aware of iisk that risk mMpment is Iheir responsibimy S. lrnprDve Skill Sets l rnolivation ot staff 6. Reduce losses wi&ng from w0)1aCe ideNS kn8SS8S 7. Support strategic nnIng 8. Achieve cost savings 9. Re8ssure intema extemal 51akeh(rs A Risk Register is compiled ar¥J monitored and conlains Ihe Top 15 lo the orgwM5atJn incluthng Risk Adion Plans and the OrglsaTraI fvsk Map. 5.2 lAalc iisk$ The top 3 rlsks taken from the Rlsk Registerarml the eonltols ten1 in pl to rniligale the risk .. 1. Loss ofa k8y funderlfunding slrearn a. key slrategc priority is lo18ssen ow dewndw M pubk lund$ b. fornise fundraising strategy c. Improve sustslnthllty of eAwrenl cominur¥ty WDiect5 d. malnlalnlng good relationships wilh Commissione e. maintain oualty standards Key perf¢ lThJKor5 f. forinali5e marketing strategy 2. Major h8aNh or saw inodent a. ensure Health & Safety Policie5 are w lo dat• b. update all Department Risk Ass&ssn c. staff refrasher coursos d. ensure rfsks ae ¥tsured 3. Board Succe$5ion PiannirwJ a. CEO and Management Board to acbv reuLiI Boarf MembeT5 b. Idenlrfy skls 94is Following a for the 2020 Risk Regisler on 2 March 2020, Pandèmtc Disease. was rated In the Top Three Risks. however mbligations dbj not become relevant until the 2020-21 finandai ye. ReadlwJ YMCA mantsins a fomal Quality Management Sorn IOMS). this year havir4J thè process ofself- accred1ts11on whh the Trusted Chaiity Syslem. elements of this system indud8.' 1. A strong management commitment to qualty 2. Recnitmenl arwj retentJn of high calitKe. eXped. traWd 51aff 3. Apprcyriate documented processes, Pre{lUTeS and controls 4. An èthos ofconlinual improvemert and chaljenge S. Meeting all necessary legal and regulat(xy requweménts The QMS arwj ¢knIAy Pdiw are regjaty reverd by the m¥gt team the guidance ofthe ChSef Exe1Ve Officer. At eath annual manageffth revew. obiEdrrt and iMweMertS are established and a revi of previous largets Is undertaken. P•J8 7
Reading Y.M.C.A. R•port ol th Boa of Managemenl for the wlDd ended 31 March 2U32 As already Staled. Reading YIACA'S swice mcKlel is based on 14gNy-skffled slaff. working wilh h1qUalitY syem$ and processes. usirg tsikyed, lth-spec fackns. The fOUndaOn of Ihis 15 the Staff Devdopmént and Trwnirmj Fdicy which seeks lo enable staff io: l. acquire the kn¢ywledge and ski115 to 8natAe lo perform Èffecbvely in their cur1 roles 2. enhance their performance in thwr rrent roles 3. respon(l effectivety lo the demands plar£d upon them by intemal extemal cWe and develoFThent 4. dèvelop their careers effeclivety th8 AssLhialh In meeting these objectives. Reading YMCA seeks lo applythe WiKipI 1. t11 al staff should haw acrnss to apwopiiak i11 pthional dgvelopmenl In thelrlobs. in acrdance wh the Assooalion's equal opportunrfies policy 2. that the training and developfflenl opporiunibes provided shrKthJ be relevant to the nee(Is of staff for Iheir employmenl at the AsswalJn 3. that the training and develownwrt oppcrftuniues womded shrNhJ be of apprnpriate qualrty hin the esting support seNce. as a baselne all slaff have an NVQ Level 3 in workirwJ with y¢)yng people, all have sal•guarding and some have splaIl$ed Ining n areas suth as. dearj with dnffj and akohol misuse and so(yal wo¥L In addition, 81 staff are (xffre spe(yallsl CPD wowanThs CA>¥Ing a rang8 ofrelat subject areas. PenGIoM As stated in ACCOtAl9 Pokies M pages 19-21 and in Note 23 page 33 ofthe accounts. Reading YMCA parbupat8s in the YMCA Pension Plan wthich had a defid al Ihe lasl walualion in May 2020. The cOmpY will make mDnlhty ntribull0n5 in re5pecl of ils sharn clth8 thfiutlor the next 8 yeats. The YMCA PensiM14an has n¢MT be dosad tonvw mefflbus and all slaff we entitled tojoml a conlribulory penn scherne run on behalf of ReadlThJ YMCA ty Ihe Pec5 Pension * Sc4Xli$h lor pre4xisting membws. Readlng YMCA contte$ in attA)rdarbce wrth StatUtY requiremenls. Flnanclal rnvlew Readlng YMCA'S operntions demste a cowslenl knnce over IAne, delNerirwJ al trffeakeven in line wh the ¢haiitable stslus of the 0[garSaI10n. Revenues we forecast to stay fairfy fflal in future yea- some decrease may oc£ur in upcoming year5 due to thanges in Loc•1 GoverTThenl funding for Iu$1j and 5UPPOrt. R1¥• Pollcy Reserves are that part of our unr95trt¢tg11 funds th a freety mli able lo spend on our d)aritable purptsses. Reading YMCA seek lo inuease reserves year M year irh order lo irnprove resili8nce. FMever given the nature of our funding. generalty restricle<l, there Is knited r•bility for 5bJn11nl annual ra ¢trIbUtiorS inlo reIveS. Cash assets are rntained 81 nol below 3 x )nIhIY operalirMJ costs. Reading YMCA Ihe Freeh(Ad al 34 pasKIe Road wtwe the delr¥ery of wimary seThices take place. thlle normally larwj assèts would not bg considered within Ihe atext of reseNes, should a situation arise where il was n8eessary to accBss urgent fdIng we woukl CC51d a k)an on that treemd to get us Ihrough any diffwlt finandal period. Sale ol land assets WOLld only be coThJered in the event of terminal contingency. Sw)port & Ad¥lc8 We w•r• d•lighled lo be ablè to negoliate a with RBC. cow811wee yews with an extenslon OPtn th8reaft8r. This removes the uncertsirrty ofthe year by year negobaiion. IUgh the resourrRs have re(¢¢d as have tho axpectabons of the level of supprt Slaff are ng trawled in the way unilerplnned by an ambitious phi105ophy. It wa5 approved by RBC on 23 September 2021.
Reading Y.M.C.A. Reptyt ofthe BDard of MM4g•m•nt forthe period•ThJed 31 March 2022 AccommallOn Revenues for the AcconNnodatiM seryKe krgeiy vjme froffl hclng b8nefits pahl dIreY by Readlng Borough Counctl lo Reading YMCA. Pwlom)arte is dri¥en by achiewrKJ 95% -¥thh is a)nwvth ySU5 InI occupancy rales. thich we over 98OA. Reathng YMCA 1$ also fOreCasng bad debts of Z5%- which 15 h'n8 Wlth p8rformance in tha la$1 12 months. Evan then Ihe Margi on this sertite are hgher tsn ItM)se In Sjpport & Advth and help to cover signffieant proportwjn of ¢entral overhead costs. Tralnlng & Educatlon l Ollw Th8 YMCA Workstr)p conlinues lo offer exceptional all8matN8 8thcatitin dasses to sludenls from Cranbury College at tsk of excluslon frfxrt scfw>. ParksJe Pre-sclwl t5 Otsled raled'Goorf and i5 a tlwrying and happy Eady Yea LeIng provider for 24 yeai olds. Our residents have many training OPFQrtunilies offwed to them over Ihe year Incluthng in house and exiemal cowses on a whje varlety of both prdctical skills as well as fftngss. Co¥id-19 has had an impact on the davery olal oflhese serv$ from the end of March 2020 when the Country went lilo lo¢k4own, hthveverlhe greater ryact look t4ace in the 2020-21 financtal year. Bahnce •h¢etand ¢xh flow Hislofically Reading YMCA has malntsined between £64K arKI £297K ofwh on Ihe ba1Ce $et. As of the end of March 2022 debtors were apwoximalety £63K. vthereas ueditors were approxknalety £85K. Overall therefore t YMCA is nDt very TwthiThJ qiital int8nsi%. R•lalod Porllos The CNef ExecJJti¥e slaff rn01n dose wilh Re• BOrtyj Courol and many otr iltereste0 parties and commurmty ly1p$ to pYovJe the swpwl teryod by the YOL9 peorAe use tyJr seMce5. Th8 Staff mainlans close conlacl wilh other %u)cKted trthslng Reathng aNI aUerKf parlnfjrship meelin95 rdevant lo respecti¥e mles. Board of Ilanaymenf• Re¥pon•lbillti Thg Board of Managemont is reSponsie lor the oftr fmanc481 slatements for eath ffnanL?al year, whkh glve a thJe and falr viw of tr stale of affair5 of the cumpany and the woup and the and exp8ndbthre of th• group forthal peritrj. In preparing these finh?al statements th& board is required to:_ . select suitalAè ac(x>unting pJlt<aes and Ihen them wwstenty ' make judgements and estimates that are reasonable and prudenl . slate whether appllcable accounting starths have be fotb)¥ved. subj& lo any Ma1la7 departwes disclosed arwj explainefj in Ihe finarwial statements . prepare fina01 slalemenLs on the govry cCern basis ue$S It Is inapwwiale lo prnsume thal the group will continu8 on th* basis. The Board of Management is r8wns&rte Man1g woper accOurj records whith disdose wrfth r8a50n8ble accuracy al any time th8 ffinancial pwtson ofthe company and th& group and to enablo them to ensure that the ffinancial slatements comply wrfh the Companies Act )00. Financial Reporting Standard 102 Financial Reporting Standard applkable in the UK and Republic of IlaNj IFRS 1021. the Stslemenl of Recommended Practice for SoGio1 Housing Promders 2018, the Fknuslng and Regeneration Act 2fJJ8. the Acttjunbng Direction for private reglslered proMder5 of sotyal hous1 in England 2019 and CLInY with its ConstitLAion. whh is its G¥Jveming document. The board is also responsible for Safeguarding the assets of the comparry and the group and hence for takiny re8sonable sleps for the prevention and dele¢Aion offrwd and other xregularFknes. To that end the 8oard of Mana9ement hold bl. monthty Fin Cornmiltae rneetings.
Readlng Y.M.C.A. Report of th• Board ol hlanageffb•ni the poiiod ended 31 IAar£h 2022 In addition Ihg foll{7 Op8ralhyi Plan has been devew. EMPOWERING YOUNG PEOPLE TO BUILD A STRONGER COhWUNITY This plan has been discussed with senior management and aPprOd by the Board. * sets out the key issues lor stsff and board Thmbers over the next iwo yoars. 11 slwuld te read irt conjunction with Ihe original strategic pFan 1201¥2023). As agreed by the board plan wil be revithved in two Ye5. wn we Ik back lo Ihe decision lo remain independent. and lake sloc The key prioribes forthis -year perknj e". Our WO in support and housing i£ crit anth gwwates somè 80% Of tyJr fuThJiThJ. arwnd £700K. We must seek to maintain and impiove our slatmdards in this key area. In s)rt of Ihat. we musl seek a doserworklny relationship with Reading Bcffou9h Cn, partirJJlarfy bul not onky at trwd J&¥el. We conthnue lo fcl on mora pOlIve outc4mes foryw peop (for exaffyte more NEET moving into empioyrngnl and eduealion, and more ptssilt¥e moNing on by residents). Key to this wll be lo coNlnue lo develop CMmUnty progranme5 vthich v•ill hdp enhance Ihe lrfe skils. heatth and wel-being ofthe young Feople whom we seThe. This wll indude. tmrt not be limiled to. tMI(ng on th8 successes of the Calé, the Pre-school, Padworth Actmty Centre and ne SF¥ts Centre. The CEO and ¥¥prowiate Sen cowues fostw good relat1% th St Paufs Grow, one obwou5 vray is lo leam from their extensive Dte ofFokns and prth. • time efficiert way ofstrengthening our govemance. All seek lo maximise income arMI benefts of from al ow la?liw. so as lo grLV InstMent In our core cO- trile the pandemk conllnues. al undetslaThJ that keeping fAf di8nts and slaff saf8 and well is a key at)d overdding prt. The lour points èLJve will remain key piJitsgS. The twslaes I directors have h1 reg¥d to p&Ai%hed ty the Charity Cornmi55ion on publiG benefft. St#t•mentas to discl¢Muft of Infommtlon to au( So far as the Diredors are aware. Ihere is no rolevanl infomation of whith the chariiable ¢ompan¢s and SYOUP'S audito a unawdffj. and each Th'rectcy and methoflhe sen management team have taken all Ihe steps Ihat ouglrt to have been tn to make tIselveS aware of any relevant au¢t information and to 8nsur• that tho companvs and group's audilors are #we ol Ihat in1calicffi. Audltorn A resolution lo re-apinI James Co4per l<re#on as the thwitabl comparfs 8nd 9.8 Mlitors will be proposed at the forthcoming Board of IAanagempnl meeting. Thi$ rewt has been preparod in aCCtyda ilh tre special PThrysi ofPart 15 ofthe Companies Act 20C¢, relaling to smam lItIeS. ned on behafof of Managefflent Dated: PJÈ 10
Reading Y.M.C.A. Indwd¢ntAudltots' Report lotht IAernber5 01 Rgadng YJl.C. Oplnlon We haw audlted ts fiftdI ol Re•N Y.IiCA knrth8 hYarand8d 31 March 2022 on p¥$ 1410 33. The financial reportire IraMo( that has teen applied in Ihar PTewdtion is wfut49 I and UiktÈd Ac¢tyJnting St¥ath IUnTttrl Iwom Gewèlty l£cepted AccamtiTrJ Prncbcg) including FRS 102 The Financial Reportng Starbjard applKbke in l LN( oflre In ourcynwn the final statements". a aThJ faw iithv ol the sl of ts gray's ar ¢aS &Yalrs as at 31 MaTh 222 arml of the groups exFeThJiture lor the year kn Wd,. teen prep¥ed In axordance wth the wfftments of the Coryanie$ AGI 2W6, ts Hw5ing and Regenerdtion kl 2CQ8 arkj the Acc4WDthr4 CYeclp)n tr wvate regstetBd wDMdEr5 of 5caal hDU5YWJ in EThJknd 2019. Basls for oplnlon 0)nduc1 our audi( in accothrth IrM# on IUKI (ISA5 IUKII and apF4K8 law. Ow )IbIl$ un(f those staths fiNlher descrthd in th8 AudtsJr5' t85PDnsiYJ1l for thè authl of the financial staternts Secti( of our repcrt ¥e in(Th1eni al the comparry In aCr¥e thg elhtcal wuirerftents thai e rthl to the f4CLaI slatents in tlw Uniled Kingdo lTrdudig the Fianr[ RewtiThJ Coun¢ifs EIIMra Slandard. KI ha% [Ulffl our other ethlcai Rsponsiblibes in accrd8nce with these UWernents. tdteve tst the ev#Jence we Iwe obtakned Is suffidgnt and apwoprote to a basis for Concluslon• to gokng ¢oncern In •udillnp th• finaniial statements. WÉ have that Ihe Board of Managemenfs use ofthe going concem basis of ¢iting in the preptThI ofthe finwial stslemerts appropriale. Based on the work we have perf(The(I, we hwe not hjenltfied any matwial UncertaNleS relating lo events or condrttons that, individuaty or ¢xsllectively. may 9ficant doubl on ts group parent company's aknlty to continue as a goln9 concem IN a perKrfl of at ast Iwelve months from when the financial stalements aro authorisod for issue. Ow fesp)nslbilities and the rest81[eS of the Board of Managemert wlh respecl to gryng concgm are describ8d in the relevant section5 of this rep Other Infomiatlon The Board of Managwnert We SPortsbIe tr olhw The olher iifomation cJ)mprnes the InfOa induded h the Annual ReporL other than Ihe finayial ststements our Allt0[s. iewi thereon. Our opinion on the sWennts does nol cow the iifomiatbj) aThl. exceF4 to the &thrl exp"Edty slaled in our pOrt. do not eypre55 any fonn rf assuRnr8 theTrorL lfi ¢x>nneclK>n (r authl of ts fmnaal state1. 15 lo read the thr trthm8tM and. In doing so, th)[thr wheiher the olher inlormabon 1$ materiaty nuffl5isnt the financtal slaternents or ow kn¢AVd9e obtained in ts auot or otheThKe appea to te materialy Milated If we thlertfted 5uth material incortsistencies or apparent material MisslaiT. are ra]uYgJ to determine whatr there 15 a material MSIaternWrt in Ihe finarKial statemerts a rnalwHI rrisStaleThnl of the Other informaticffl. W. based an th8 ¥rk have perforrrd. we Conc thal thwe 15 a mrd Trmsstaknl of this Other informabon, we rnquired to rw¢ the f. We h8¥e nolhiTrJ lo IW kn this ryd.
Reading Y.M.C.A. end•nt Authtots. R•pNI to the IAqrnbern of Rgadlng Y.11.CA. Oplrlon on other mattorn th• comp[81ACt 2006 In our cpiiion, based ihe tAr uthrlkn li thE CW5e (l the Info?. 9%en Boa of manats. repyl the (mclaI fty whith the ffinal slakmenls are wepared ts ct)nststenl with the finan(ia 5taterrEnts,' arwj the 8oèrd of Managemits. rewt has W kyeparwj li lYdat with IW raqunmonts. M•tt•r4 On Twhkh w• arn Thqulrqd to r•port ty •xc•plknTr In rom of Ihe krThled& d UndW51a grw axl parent cw and ts fMent obtainEd in th8 e of the autht, we ha Ml •jant rnria msai•MIts In the Board d Managements. ieport. have nollmrg lo rewt in re5pecl d tt Yi lo Ihe ki 2 wulres us lo iewt to you il, in ow wrmcn.. not teen bRNes w.. parert c¢Jmpany fjnanuai li reement ith thè rwds relwns,. or r£rtain disdosure5 of Boanl of Managements. (emwernkn 5FthJ by I arE nol mth," • ha Mt [1¥d the ffi1tymat •d tialKits we IJit'. or the Board Df maaTrI werE entitsd b) tske •Mtage ol ts all eNry3n5. from the to prep•e a Str4 Rwl li prepaiwyj ts Board ol Managemerts, iewL In adthlion. we ha Mthirwj to wed d lh• f mr twe tre HSTj and Reweralth Act 2rxe reqr£S lo ieFot d, li a satslacw syskn Lrf n1rd rnl bew maiikned by the pa1 rnnyany. RespolblIS ofth• Board ofllw•nt As expla[r more ft th tre Boarf d PAIn4enrfS Respts sal¢ sei Imrt on p48 9, the 8oard of Manageryonl a resportsibk IDr ts wepaThtion ol the statsrrents arkl fot b8irvJ sabsfj&J that 91 a truè and tair and far sh irthm81 &)Tthi Is tt 8oard ol manant dele18 15 rc45$ary lo enab the prEpaTrbon of fiwciHI staknts that fr¢ffl misstatemuts weT due error. In preparing the finanoal sIaNts. ts Board of are for a55e55irvJ the group's parent companws abilty to contimx as a c¢YKem, discbsing, as applirabie, matkrs related to going coKem and gNj corKem basis Df arzountiry Ihe of Alan¥8meni •ith8r uiteThd to Ib4uthle ts mPY w lo cease op¥al$. ty have M realth to (kn so. Audltors. ro¥pon$lblHlles lorthe audft of theffinanrkl statwnerts from material mtsstemenL vthether due to fraj eThor. to i55u8 Auditor5. report that indudes OUT opSr#on. Reas&Wk assurtnce is a fv3h of assurarK¥. tsjt 15 not a gwaranlee that an au(knt coTrJurtsJ in accordanra with ISAS IUKI always detect a mgterial nysststemenl wfth il exists. Misstarements e4n arise from fro1 C error and a considered materi l. li Ihe ayyrpgate. they could a5Dnabty be exF¢ded to influgnce ts econ deo5ions tn baws of these ststEments. BaUSe of the ltherart Imitaknms of an audit. Ihere 15 a ii5k that we wil not d818ct all iirwilarbbes. incluthng Ihose leadwig lo a Materi nMsskment n the fnarwl Slatents cf non-comph'ance with re9allon. This risk irtreases thè more th wph'an¢e with a law or regulabon Ls reed from the events and transaction5 fEfiected in the finaal slmerts. as we wil be less Jikdy lo t)eo)me aware of instances of nonthcomph'anGg. The rk is also greater regarthng lrregts1t crf>xThing due to fra ralher than ern)r. as fraud Page 12
Reading Y.M.C.A. Ind•p•nd•rtAudl¢ors' R•port to the Ilembws ol Readlwj YAiCA. The spwfK procedures for this engagement that we and to detecl ffrdterial rnisstalemerths in respeGt of irregularilies, induthng ftaud. were as folk>ws.' Eniwiry ofmanagemenl andthose thèryd with tyivem)c around aclual and Folentsai ltigalkn and clams: Enwiry of managemenl and th058 tharged wlh govemanee lo identify any material instances of non- compliance wilh laws and wulalions.. Reviewing finanaal slatementdisdosures wdtesling to SLwlivJ th&mentation to asSess¢cp1Iancevlh applicable laws and regulatton5: Perforniing audrt woth lo adthess the iisk of iThegularibe5 to managemeN overrlde of controls. induding testing of joumal entries and other adjuslments for appmprialeness, evaluatmig the business ralhjnalg of significant transactio outside the (%se of and revwing acoyJnting estlmate5 for evidence of bias. Afurtherdesuiption 0UrrespCSl1xlltieS trthg wjit of the finan¢lal slementsislo¢ated on the Financi81 RertI Countil's website at w•4w.frc.org.udrtoIyeSpSItie$. TNS descripknn forns part ufour Auditorf5 reporL Use olow rwrt reF(rft i5 made sOty lo nell as a tAlh 3 of Pa1 16 af the Ccmpanip5 Act 20C6 and seoon 137 ol HwsiTrJ aTrJ Reperwalim N£t 3X¢. CJ audrt work ha5 been undertaken so Ihal we rnNJhl slate lo the cofflpwry's m&mbets those 8Je te4d 10 siaie to ui an Audlors. report and for no ether wrpose. To fulest exlent pennilled ty Jaw. do xcept or assurne to Yone other ihan the company and thg QPany$ as a boty. fi)rtt15 IIP (¥i1Th5 W8 haby lorrmd Aexts Peal BSc(HorLs1 FCA CClk4 Iserkn Ststtltyy For wd on teh of JaThs Cowper Kre Stslutory AJItOr and Ac£¥x*tsnts Reading &idge H lkn Street Reading 8erkshire RG18LS I 202E 13
Reading Y.M.CA. r the yur •Thled 31 2022 Year •ndgd 31 March 2022 Y•ar end 31 March 2021 Turnovgr 1.013.021 1.033.420 (931.9801 {1,181.592) Opfrrallng 8urplu8 I Ideficlt 81.041 1128.1721 Tolal comprehenslve Incomelor y 81.041 (128.172 Al amwnts ntinu1j acfib*B5. The rths on 95 19 to 33 knn part f(4noal stateffthts Pwje 14
Reading Y.M.C.A. at 31 IA¥th 2022 Not• 31 2122 31 IAwch 2121 Flxed asJets Tangth assets Hostel bjildings Other taThjib assets 12 13 1521463 764.908 2.5,322 787,808 3,217,371 3.378,130 Currnnt assets Debtors ash al arKI li haThJ 15 63,058 221.8n 56.572 141.204 Credttors. amounts fallry withln one year 16 185.0321 {90.40n N•t current •Mets 199,899 107.369 Total as5•ts Iv¥ lTon1 labllltles 3,487370 3.485.493 Credttors: amount* f•lllng dup after mor• thin on• y• 17 12,102.733) 12,171,652) D•fin•d b•n•fit pIn1)n Ilablllty 1102.665) 1113.016) Net I•ts 1281J72 1,200,831 Ros•r400 Accumulated lund Restricted fdS Designated [d¥ 18 19 51B.766 434,206 328,91)0 467,245 420,850 312.736 The notes P4e 15
Readlng Y.M.C.A. C¢mpany BaarLe• Sl•t at 31 March 2022 Mknh2 31 2021 Flxed TwJgibl8 ass8ts Hostel lIn95 Other lon1? assgts 12 13 152U63 7fA.908 2.590.322 787,808 tnveslmenls 14 3387,372 3.378.131 Currnnt ass•ts Deblors Cash at bk in Iw 15 63,144 221.716 56.658 141.117 284J30 197.775 Credltorn: amounts fllSng du• wlthSn one year 16 185.0 (90.407) 199.898 107.368 N•t Gurr•nt iss•ts Totsl Iws wrent Ilabllllles 3887.270 3,485,499 Cfedltorn: amounts falllng due aft•r mor• than on• year 11102.733) {2.171.8821 17 ned b•fft pOnOn labHEty 110166SI {113.0161 1.281.872 1,2),831 Net asts•ts Resèrv AcuJrnul*ed lund Reslricted funds Designated fthJ5 18 19 518.766 434.206 328.900 467.245 420.850 312.736 1.281.872 1.200,831 Dlreclor The pa8 19 10 33 lomi part tl I1 fllwKial P48 16
Reading Y.M.C.A. for year ended 31 IAar¢h 2022 AG¢unwlatsd Restr Dmlgnated fund nd fund Total At 1 Aprll 2020 668.748 316.916 1.329.003 Total compreherwe Income for the year {128.1721 1128.1721 Transfers from restdcled fim(Is Transfe desigJ)aled ds (22.489) 4.180 (4.180) At 31 MJrGh 2021 and 1 Aprll 2021 420ASO 311736 1.21x1,831 Total comprehvive incom8 for the y•ar 81.041 81.041 Transfe lo resliicted fund$ Transfers to desiwed funds 113,356) 13.356 (16.164) 16.164 At31 IAarch 2022 618,766 328.900 1,281,872 The fv)tes M pages 1910 33 f( wt d Ilw ffir Stats P42 17
Reading Y.M.CA. for th• y•x •nd•d 31 Ilxch 2022 2022 2021 Cagh flow from opèrntlng •cti¥llle8 lsee bfrlowj 93.866 (99,241) Calh flow from Inv•4kng acllvlti09 Payments lo fixed a55et5 2.618 C••h flow from finon¢lng actlvllles Loan fepayments 113,1871 <12,067) M•t Incrnam I Ide¢Trasel In and cash •quivalw 80,669 (113,9261 ¢h and cash equlvalenl• broughtfonvanl 141,204 255.130 Cah and cash equl¥alonts curled fonvanl 221.873 141.204 Cuh and cash equIvantr conslsts OF. Cash al bank ald in haThl 221,B73 141,204 Reconoliathi ofsurF4Js I Idefical aar¥ities Surplus Ildefiritlfor the y DeprerAation Offed assets Rekas& olgrant rJedQor (IncaSe) Idecrease in ¢btor5 81,041 90,759 1126.172} 155,7321 155,7321 10.e64 144861 15,3751 10.351 137,4131 20.518 Increase Ildecreasel in dthed terfjt Net cash from operadng acll¥lt 91856 99241 18
Reading Y.M.C.A. for th• y•x •ftd•d 31 IAarth 2022 G•n•r41 Inlomlatton Readry Y.M.C.A 15 a 9LSterl charity. sxwarbtee ar¥J wistwed prowder with the Hornes and cnmunfy Aww. kncowaled li Etyjarvj and Wa. The charity's regtr8d office and Pri1paI plac8 ol bwrs $ dsd¢sed cfi the page al Ihe front of the fiTrancd 5tewents. The the 15 lo xsi5t thè cAyrfftiYiy aNI trarth tr ol young p1?. Accountlng pollcl accounls Co&Jate tr of Re•4 Y.M.CA KI ts sutrAhary urthtsbng. Y.BuihJ Umlb The conyany ha5 tsken advanlage ol ltre eXewN contshd within 8ecb)n 408 ot the CNnFffjn Act not lo preserrt Ns ryn inoyre and expendilure auTrt Tre surF4ts for the year t811 Mth in tho Lxiunls ol ts rAMw8ny was £81.041 1. (knhitol £128.172). Acccwnling convènlK The arA)unts b8en prepared accordau wih apr1¢ab accthmlirrfJ sla)dards induthro Fiianckn81 Reporfing Slandarf 102 Fin8naa Re)nIng StsNtsrd ¥)F4cabk In ts UK and Repubk of Ireland IFRS 1021, Ihe Statemeni of Pra¢tice ts Soial 2018 ar with the AccountiThJ Eitection for Pwdte registered prowlw5 01 sool in 1119. The ato)unts r prwared in acg)rdanc4 with the N51Ncl cost basis d &x¥yxty. The panY t$t1uteS a pJFAic Iefft as FRS 101 The C)ary is knwled try guaftn122. ThE lh8 ar? th8 ¢edors. In th• nI ol th• )ffpany belty WOUr , Ihe li the knknd to £1 Fw rnber. The B08rd 0fmageMent have the fmanci p05rfiw ofts company and. based Ilnanclal Fees receiva)le for tho provk4#)n of a(x(mnd8knl related amenitks. fees JKI grnnts frDm local authal1tk and the Tenant Sa¥ices Aulhmty (kn the Housir¥J Ctyporab"tyb} a acewnted for in the P8ri¢>J lo wlith Ilw r8. Page 19
Reading Y.M.CA. M¢)t•s fonnlng pxt ol thg finandal slatements lor the yHr •nd•d 31 Mar¢h X122 (C•d) Ac¢oundng pollcles (oonhnued) TaTh91e f8 a55ets ar• slated al cost * aC¢uMuts depreth10n. DeyeeAtth 15 provbjed on all tsr¥Jit4e fixed asseb so as to them irfl ther anpated seful al the kAltrwir8 annual rates Freed IldIr¥35 General 9quyment Motor vehides Elethcal equIent Fumiture equipment 2% 33.3% 115% w anrRwn T1 ¢anying ¥ae$ of tsngbi b assets are fDr impairm8nl in periLxls events ¢y ¢haroes In L)rtae5 irbatè ¢arrwng v&% may Mt be rerthtrnL4e. Trade and othr debior5 ar& rec4>grised at sellkniwrt aller any trade rfistcnI Offed. Prepaynnts are recognised 41 the amounl 5s thso)unl offered. c(ed¢r5 and afe rec4JJnBed whgrv has a swesent ob13ati A5ting 1M a 51 evenl that wdl p[lab reSt in tho transfer ot ftubjs lo a thyd p31ty and amount due to setk the obluation can be measured or e5knJ rdwNy. Crethtiys no1allY reccgnised at their seiiernenl amourt after foi trwje th8cots thje. C&th * tonk ofrwj ffi I1 Cash al bank and in harwj indth c4sh and 51¥Jt krm h¥Jhty wth a Short m8turity ol Ihre8 m(Mrths or 18ss from d ol or W¥d of tle or swnikr ac)L Sc%¥81 (SHG) Lth8r The SHG and granl Ced from the the Oeputy Primè Mir&5ter l¢XIJM} are c•a grnnts Th8 SHG i% repayth irKlafinitdy urless fNm abaled c¥ w&ld aljw li f be recyCd folkn9 ratiin rel&art events. C41 grnts reczgnil a5 a econtyrmc frfe rf tre retsted ass ReSt6d funds R•striclfrJ nds. knse use is 5peofibl ¢knThJr. are ¢yethd to iKome kn the year kn ththich o received. erE afflcthts e not 5peofic*ty ag•nsl eyn(liture that year, ts balanc8 Is delen and lo the bakn(x brw foThwd tha rastitled to t• used in hrtur• Ye&. Page 20
Reading Y.M.C.A. Notes fornilng part of linanclal ststtynents for the year ended 31 IAarch 2022 IContlnu•dl ACCOIng poll¢les (conbnuedj Inclrne eamed frDm de5wjj ljrth Is to il 1¥aab for general w. D8srgn816d funds The c(vwny apyopris fvwj k>o)wfvluR mw repa¥expprthurn on England, Scoland W5. wIKh was to accruls on 30 ri127. 0 to insufficient llikrfrnatKyn. plan's ath¥y &d?rised that l is not separ8ty ijerdty the assets aNI liabilie5 rdatlng to ReadK& Y.M.CA As descdted in no 23. Re Y.M.CA ha5 a Lym[ to make ren9 dthii YThIS OKI peK4 to Awl 2029. UMI is kn as a tlw w)15. Re&Jro Y.M.C.A. a150 (l[1trth to a stakehohler perni sCtre fr)r oYeeS. Contributions to thbg stheme arn tharged to Ihe ifAxre exrtTrXwe ¢4 yw kn htic Ihty beox payaLIp. The assets of the sclme a sepaA tbJ5e (rf ts N45rKiai(Xb in an indOF• •Yrninistered fund. Judgemerts In applylNJ accoling PDWcles aThl kny sowc•s of estlrnallon unc•rtalnty Tho prepardtioTh ot th• Slaknits retywes the bowd to me Ints. estimate5 and assumptions th aflect anuTrts ret#Jtsd lor assets and lat4ths as at the balan sheet dat8 and amoW r8porW for incm ano expens•s durKwJ t >wr. Fknpver. the r4kne ol e5ts'mation nEan5 t1 aclual outcoThs cOd differ frnm those estimates. foltowig Iements and eslmales have had the nb)sl sigmifttxnt eff rec(wJrwl i) the slarwts. Tnglbl• Ilx•d Tangibk fixed assets ae dewKid over thves liw inlo lJua1 values, where •PVDprith. The a(aual kve5 of thè a55ets aKI res•Ju YdhJ8s rn•y vary a nurrljei of factors. Allocatlon of •xp•Trdllur• ere expwKhture 15 not th'redy attthrtth to aCty catrns. costs are 4)tioned based on an P•Je 21
Reading Y.M.C.A. Notes fomilng wt of th? finanGW slat•m•nts th• yw •nded 31 M¢h 2022 (cont1nlI 4 Turno1, colts and op•r•thg surPld•1kltj Y•ar 31 IAarth 2022 OpÈraU Tplu Idèficlt) Trnnsf•rn bgtwoen funds Net Surplusl Idèficlt) OpgratTng costs Income and exlture from hAng xV185 735.050 1644.209) 90.781 90.761 cornm1ty 24S.454 1253Afj6) 18.1321 18.1321 31419 (¥ooY) (IA881 11.5881 Y-d LinNied Totsl 1.013.021 VJ31,980) 81.041 81.041 Year ended 31 2021 OwatlNJ Trnnsfers urplu b•tween Ideficlt) funds N•t surpluBI Ideficlt) Owallng Tumov•r IKme and expendilwe from hw5ing achvibes 725.476 {72.794) 187.3181 167,3181 Communty 286,415 (344.009) 157,4581 {57,4581 Sea Scouts aNJ Wcotes centre 21,461 4.857) {3.396} 13.3961 Y4uild filted {68) Toial TuMo¥er is w11) attrbutable lo artY4th5 d Ihp YMGA soty from within the United KIngd.
Reading Y.M.C.A. N¢)tes fornilry part of lh• Ilninc•al ¥lalam•rts for the yBar 31 March 2022 Icurtlnwdl PwUculaTB of inGOrn and •xpgrK1lfj from houslffj a¢ti¥lli Yw ended 31 Ilarch 2022 Year endod 31 M¥ch 2022 Year ended 31 March 2021 Year ended 31 r¢h 2021 Incorne from letllngs Ronl r8c8NatA8 r1 ol vJeni(th semce charges 400,040 32,787 31787 479.714 432.827 Vtyj Ic6S•S (66J176) (42.404) Net rnnts reEelvaLI• 413.638 390.423 Swpo¢ong peopl? grJrt 285.011 325,049 285.011 325.049 Donaons Wants 36A11 10.004 Totsl In¢om• llttlrys 735.050 n5,476 Expen<ure on hOIng KtfvJti•5 ManagenI eXFer WKI 5tsff costs Routine mairrtenance Hostsl deplatiOn Other dI¢t Sinking fiwKI 617,$06 47.355 11127 60,108 7.193 557.628 148.535 12.125 66.907 7.601 Total •xpgndltsYe on Iwuslng aclibit 644,289 792,794 Operathg surplu(dedtj on lettlng actlvitles 90,761 167,3181 Pw23
Reading Y.M.CA. Ni•$ lormlng part ol thè fiTranclal stslements for t yex fflmlad 31 2022 Iconllnwd) Communlty Year onded 31 March 2022 Year ended 31 March 2022 Year ended 31 lknrch 2021 Year •nd•d 31 Mareh 2021 Incom• Inco from acti¥s Grnnts & donatb Extemal 133,738 ,521 21.195 128,801 149,566 245A54 286.415 Expgndltur• 105.779 147,807 139.521 204,488 her direcl ttjsts 1253&861 I344.(} D•fftlt OD ComThinlty 18.1321 {57.4581 Soa Scouts ind Varycotes G•ntr• Yoar ondgd 31 Year ended 31 March 2021 2022 Income 31419 21.461 ExpendbJre 134,007) 124,85n D•ffic ¢)n Sea SGoth and Wlrycotss ¢entre 1,588 13.396) The ine ¥e t resLs rf tr varms seEtKrfV5 thpw wb aEEMIs, FI the Grow) of ts 1 Ro YK4 Sea c.
Reading Y.M.CA. Not•s fornilng Part of the IlTraTrGlal ststrmertts for the year •nded 31 Ilw¢h 2022 IGorttrrtd) su1•fiCrt) on OrdIn acuvjllos Yw ended 31 Year •nd•d 31 Mar¢h 2021 2022 The surplU[derKltI (rfdinary ¥JvAs i5 ed clwgi AuditQf5' remunerati DepregaJn of ffixed assets 8MOD 7.7CAI 90.759 ,694 DIt0, •Mo1lents The direcifyB are defined as the ryInb5 of Ihe Board of ManL the Chef ExeoJlNe 8Th1 any Otr P8f50n rwbrwJ threcdy lo tr CW ¥1r4e or d¥eL io ihe Board vthose tolal emclumprts exceè £60.QLIJ per year. The Board rK¥ emoknnerts arhl I1 arylwes ththose lo181 excethd £60,C#)J i) ethr the year or Jpar. 10 Staff Costs Year ended 31 March 2022 Y•ar •nd•d 31 March 2021 Stsff costs kndude Ihe fofthfflrw.. S(Ki?15ecunty 6ts Ottr pens¢ 494,341 31148 16.609 535.1 $9 37,651 44.999 The wenge Mrthr d pe Asto¢iN dwir4J year 8xprv58ed as fulHwne ' eqi•valents was as Y•ar gnd 31 Y•ar •nded 31 MarBh 2021 Nnr 2022 Nurnb8r 23 AdnnIstratknn Durkng the year exFonses d £nl r2021 - £nT) to cl I1 Bgard rf Managam8nL No Fensbjns pail kn any C11 or fomw nvntws Bo¥d ol Managent thrivJ the oJrRnt ar or wor year. Pension conlritwtion5 of £1.(1(2D21.' £9851 paJ on behaw ol thè chi ExecJJiNÈ Ilus yu. Koy managerrnt Ffflonnd ol the comp3ny conyw of Bo* of Mar4errenl knjether wilh the Ch Execl¥e. General Manager and HR aThd Trainivj MJ4gei. The tot¥ knefft6. IndlI1¥j ernDY&r F4nSkin nalbjnal msuran ol tre rn¥•)ÈrI F•sOr We £70.594 12021." £80,782).
Reading Y.M.CA. Natss fonnlrwJ part of the financial statqrn•nts lry Ih y•ar 31 IA¢h 2022 Iconllrmwd) 11 Ta¥ on Sur5 on ord)nary ¥tlvlll•s vw of Ihe A550cialton'5 charlth 51th rK (xXForah tsx any swplLS Ic¢ tt yéar121 - £nl. 12 TbIg fixod aM•ts - Host•l Iwlldlryi Group and ¢(p•nY 2021 3.375.465 31 P**th 2022 3.375.485 DePreallOn At 1 April 2021 Charye for ts y 785,143 67,859 3122 853.IYJ2 hbt book yah At 31 2022 2,522,463 At 31 2021 2.590.322
Readlng Y.M.CA. Notes fornblThJ part ol the flnan¢lal stakn•nts t•f thE ye 31 I1 2022 ICortlnu•d) 13 Tanglbl• fixqd 1ss•kn - Oth Group Freèhold bulldlngs General 4Pment Electrlcal •qulprnent At 1 Aprl 2021 Addibons Disposals 315.446 133.524) At 31 March 2022 315.446 08prnciation At 1 April 2021 Charge tor year Dispos 138.049 33.524 (33,5241 1 31 Mch 2022 144.358 Net book v8k At 31 2022 1711181 At 31 M¥th 2021 Path*orth Furnltur• ¢abkn •qulprne Scouts Why¢oles CentrB Cost At 1 April 2021 Ad(fbb'¢)ns Disposals 3n.767 349.286 1,138.726 133.524) At 31 2022 372.767 349.286 1.105.202 Dgpreciaffon At 1 April 2021 Ch¥ge for ytsr 52.187 7.4 18 2.149 350J18 22,900 133,5241 6.986 $9,643 21,048 340.294 At 31 Marth 2022 313.124 764,908 At 31 Marth 2022 At 31 Marth 2021 787.808 P•Je 27
Reading Y.M.CA. Notes Irrnlng part of the ffinan1A stst•nnts for tr* y•¥ •nded 31 Marth 2022 ICont1d> 14 Tardbl• fix•d ¥sots - Other Company Fmhold Iwlldlngs Generdl eqlwpment Electiical •qulpment Cost A 1 ri1 2021 Addthon5 Disposals 315.446 33.524 (33.524) 31 2022 315.446 Dgprpciai?on A 1 Apnl 2021 Charye lor y• Dwsds 138,049 6.309 33,524 (33.524) 31 Mwch 2022 144,358 Ngt toat v 1 31 M¥cth 2022 171.088 At 31 Marth 2021 Padworth Furn1 Scouts bln equIent Whycotes C•ntr• Totsl At 1 Awl 2021 3n.767 293b4 349.286 1.13B.n6 133.524) Addition5 Di5posaLs 31 2022 372.767 349286 1.105.202 At l April 2021 Chapje lor yex Disposals 51187 7.456 18. 1149 69.860 350.918 22.900 133.524) At 31 March 2022 21.048 76,846 313,124 8,256 2T2,440 764.908 At 31 3)22 At 31 2021 10.4C6 279,426 797,808 P•gp 28
Reading Y.M.CA. Not•s fornblng part ol the bIn¢la1 ststomenls lor the yw end•d 31 2D22 Icontlnuwll 14 Flx•d asset knveslrnents Company Shares In group undertaklngs At 1 W W21 aNJ 31 M7 3)22 The compa$ investment repre58rt5 10)% of Ihe udinary £1 shwe capia of Y-Build LNnile¢L The priKApal athity of Y4L•ld Lircl Is that 15 D•btor* Group 2022 2Q22 2021 Cknr debto 35.on 27.985 29.007 27.&85 35.073 27,985 29.007 27.565 Arrvjunts due frnm urKrtaiS 56.572 63.144 16 Cr•dltorn: amounts y Grow> 2022 2021 Trade edit9 TaxatTrJn and 50aal sl1Y ccfjts Lcruals and d8f8rrnd in Bank lo 34,413 13.033 29.576 13.385 34.568 9.484 27.69S 13.385 34,413 13,033 29.576 13,385 9,484 27.595 13.385 85.032 90.407 85,032 90.407
Reading Y.M.CA. lor the yex eIe 31 20rd Iconllnuod) 17 Crndltorn: fallng due aft•r morn than one y•ar Company 2021 2022 2021 Bank Joan Gra 11.211 1091.tr12 24.398 2.147.254 11,211 2.091,$22 24,398 2,147.254 1102.733 2.171.652 2,102,733 2.171,652 Inc1 thin the an5 f a5 frkns". Group Company 2022 2022 2021 8theen two and IlY•• y4 Bank ban 11.211 13.385 11211 13,385 Between three and fi¥• y• Ba loan 11.013 11,013 Ovor Ilv• y•arn Bar Induded in wjup and ojfflpany creditty5 is a bar& I cl £24,596 (2021." £37.7831 fiich Is seoJRd by Imhobj pr(oerty al 34 Patsth Road. Re&lry. Be5h¥e. 18 R•s•rv•s Group and ¢ompany ACclIaled Fund At 1 April 2021 Sfvkntheye¥ Trale[S to reslricled fvr Transfer5 to dèsqnated lur* 467.245 81.041 {13,3561 116,164) At 31 2022 518766
Reading Y.M.C.A. for yw ended 31 March 2022 Iconllnwdl 19 Resem• . R¢strlct•d fund5 Group aTrd Mpl Nurs1ry Fund SYKA Fw J Houghton Workshop Fund Wlhon Fund Al 1 ljril 2021 Income Expenses DePCla 23,337 165.(OJ 2221 3.935 2,730 20.000 (631) At 31 Ilar¢h 2022 21706 16S 2.221 4,352 20,000 EYR Fund Padworth Fund Total Centr• Fund 2021 3.53) 124.837 97.91 2.500 420,850 25,230 IS.843) 16.0311 Income (3.5301 D8pr8oation (3.144) 12.256) At 31 lAh 2022 121.693 98,234 434.206 The MrJ HowJlrton AvHd Islo be wed in Pe(sTl SYMCA - the lund rewesents furwJ5 dora fijr fl a SFocffic $lme. Scath fiJrKI TrtmnLs the rA txjahw. Th8 b)othoL has nrN teen bull so tr deprec48Oon be ofvi eath y agm¢ knl. The P4(ttsrth 1[ is i) r05pe¢l of rebthJof path1h The Nurw lund i% in weil ol the &11) ol tte nuw. The Eyrp F•T luTr1 is to¢0111 ofa Cafè TheW(rfkshopfiJnd $to pThide }rJ The Mson fd is lo prnde funds in wespect ofyouNJ pe('s Page 31
Reading Y.M.CA. Notes f(ffrnlrwJ pmt of the finandal ¥latsrnerfs for the year ended 31 ltsch 2022 1c1xnUIdl 20 Ro8er¥es . Deslwed tsnds Group and ¢ompany ltr 118rnTAm Fund Malor rnpalr Fd R•sldents Fund Covld-19 Fund At 1 2021 Income ExFenses 20.499 184,916 7.193 3.963 8,550 (1.5) {2.5641 At 31 IAar¢h 2022 20A99 192.109 8.5SII 1,399 Nurnery Fund YMCA Fund To1al Fund At 1 (12021 Income Expenses 1.856 2.402 4J74 6,824 312,736 21.189 15,02SI At 31 lknh 2022 1297 4h18 9024 328,900 Th& Mr M Br¢rMI ld is kn b2 WJJ trwortwih youThJ r•. A seriCt 15 c¥n iesints for thè for fvknre reparation& the balano of seMQ ¢f4iges eXpthd li Ihe rnaior repaw [d. The gjrphjs fvtThJs tr a¢oJrrn f1. less ary garn. hm baen Illocal by Ih 21 C¥ltal eomrnltmnts: Gontr*Gied lorbut no¢ wovlthd In Ilwfin¢[II tstoments Gro Company 2022 2021 22 Analy¥ls of Ghanges In ng1 d•1 Gro At1 Aw112021 At 31 March 2022 Ctth at b•nk and In hand 141.204 80.669 221.873
Reading Y.M.C.A. Nothg lfftlng part of the IlnarKlal statements for the year •nd•d 31 Ilar¢h 2022 Iconllndl 23 Penslons Reading Y.M.C.A paapated in a crythbJtLYy (Aan yovithng (kfined benefits based cffl final Fensbnable pay krf eryloyees of YMCAS in EngkNI. ar Wa The assets of th8 YMCA Pen%on Plan a held separatety from those of Readir#J Y.IA.CA and at the yewond the58 re invested in the Mercer Dynamlc De4isknng Sdulmm. 03% mdMwJ iyWoho and 37% grtrth Schroder (property units Wil. The mst Trcenl ConV1d three y Vakthon TW8S 85 * 1 May 20x1. Thg asswyknns which ha the mosi sgnifrart effect on the valuathjn aw8 Ise telam lo Ihe assumed rntes of relum on asset$ lkl belore and after reti1 01159% and I.% re¥Jecb"¥ety. the inuease ui Fen5xJn5 in payfflent 012.99%. and Ihè a¥eThJe Ife expectcy frcffl I1 relwemenl age lof 651 Iw a tEnt )ner of 22.0 yea5, fern 24.4 yea. and rd 7 yeats f(r a rts8r. feffla 28.1 yeats, retsrmg in 20 yeats, time. Th? of the vthjthn sh(yAtd that Ihe arthjad 7raJe cl the a55a5 V45 £146.1rn. Th15 repres 79% 01 the benefls th had acuwj lo nwws. 1 May 2011. Thè ¥akAbw prepgr•J as at I 220 slKyryI thal tro Pwsicffj haj a dEfot of £39 millKJn. ReaduYJ YJl.C.k has teen ad4ised th I wil lo me mDnlhi¥ conlthrtions d £l.CW frcffl 1 2021. Thi5 amwN $ based on Ik cwrpthi 811 las abovel arnl may vary in the future a5 a re5utt ol aclual perforrna)o of Ihe Pens#Jn Pai. Th8 cwrent reowy FerKI s B arS fa)rnrnencing 1 M¥y 2021. In add. Readkng Y.M.CA. havo lu thabliies in tr en1 of the non•nt by other partitspatir4J Ymchs ol Ihwr Sha tl the YMCA PeThsKm Plan's deffci p055ibk curre[ lo ¢wartfy the polentAI anh)unl Rea(fir4J Y.M.CA to pay fLrte. The Asscoatw also opwates a dEfiTl ccrfrtrtithn Sd8 tiich is ave lo all of ts anployees. Cantribth'ons arè tharged hi acC•ts as arhl ttre were outstanthng or wop05ed Toll Ferth ¢sts lo the e¥pwrfluR ac>Jrt Ihe £16.609 12021 . £44.9991. 24 Contllig•Tht IkNllty Reathr#J Y.M.C.k foj cerd a Fth5ivJ The Hwshig Corpordkn {now thè TenaAt SeM¢es Authority) to mawitan HoLk4e wior lo its demolthon. This grant was transkned to Readir¥J Y.IiCA on 1 fv4>1iI 2011. In of Rèths YAI.CA ceasing lo pmide housiryd ctynmodation thi5 may be rep•inw& of grant vfts £443.861. 25 Lo*latlve proYl810 The A%$ttraon is a Registered Sc¢d Lardcrfd wth ts Terwnl SeThi(xs AthCty (lor• Ihe Housing Co01?). i5 aso a 1140731. Page 33