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&m￿r5 levt 11 14 15 16 Ccn¥ary balaKe thet 17 18 19 Board ol Managem•nt (d1￿101$) K Felgale P Dick OBE R Fknng R Kfflliams {appointed 24 JaThwy 2022) S SheNood Iresiwl 1 Feb￿￿ry 2022) Chl•f Ex•cutlv• Offic•r Mr D Poumon Company number 05646553 Reglstored office winclpal place ol buslness 34 Path5vk Road, Re•(SrvJ. 8ethshwp, RG30 20D Bankern 8ardays Bar* pk, Tlehurt 8wksh¥e 5ollcltorn Fdd Sgymour ￿e5. Readyg. Berkstr*e A￿lItorS James CowperKre8kn, Reading B* C*fyyeStreeL Re*, Bwk*e, RG1 Reading Y.M.CA. Chknl ExeGuU¥• s￿nrnary forthe t￿0d ended 31 Mar¢h 3022 In April 2021 the Board c￿ Management appvnted Dave Poullon as Chief Execulrve Officer. The year has passed quickty and the wodd continues lo Ch￿ge rapidty as we ￿cover fr￿ the lingering ¢haller4Jes of COWD-19. However. Reading YMCA cOntir￿85 to work hard in the face of these challenges lo support eMFthwy(￿n9 peooe and the Communty and we're proud to rep￿t another successful year. 1. ()Jr woth in support aNI hjusing is critKal generates some 90% of our furKling, around £650K. We w4Jst seek to maintain improve starKlards in this key area. In support of that, we must seek a ckxer wthYJ rdatiorthip 7Arylh Readiryj B(Yough Council. partlcularly bul t onty at trM)ard levd. 2. We must continue lo ftKus on mrye poslThie wtcomes for people (for example more NEET moving lito trnthmert e(ILKaticffl. more positive moving on by residents). Key to this will be to ¢￿tinue to deb￿0P Con￿unty pmgrammes which will he* enhar￿e the lrfe skills. heath and W￿￿b￿n9 Of1￿ yO￿g people whom we servo. This will include, but not be limited to. buik*ng on the successes of Ihe Caé, the pre-sch￿1. PathNorth Actmty Centra and the new Sports CentrB. 3. The CEO and as approprHte senKY colleagues wll foster 9tsJd relation$ 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 serv￿85. S. co￿d- ￿llIe the pandemK C￿1n￿. 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 c￿With ReadKw Borough Council io provide Supported Ac￿￿yjdatI?n ts vulnerable 16-25 years olds who would otheNise be hr￿￿e￿s. Foll(Mng k¢kdtrwn restrKlions. we have retumed io face to fac8 work with children young pea￿e. supporting them to ach￿Ve ts L*5t possible ¢xrtcO￿W, 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 We￿StabliShed groups attending for regular bookings. The P¥kside Calé has perfonned belter than ts￿Jget and Is making strijes back in the dir8Cticffi of bècoming selF-susl•ning again. YMCA PafksKle Pr&Sch￿l continues lo support ￿MM￿nty and lo irrpress by scoring high satisfaction r*ing$ frryn ¢hihJren and pamts. wl*t 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¢￿tIl￿1 to successfully ratge furwJ$ for Reading YMCA this year. ft has ncl been an easy yearfor ffjone raising f￿d$. we are etemaNy grateful to all ofthe organisalD)ns and indivpJua15 have contributed lo us over the year. Our thanks to the fc4lowing organisa11x￿ th* h*t paid s*JnrfKanl cont￿ulK)nS during the year.. Cov1￿19 ewency fvTrYirMJ Helen Robertson CPArlatAe Tntst John B￿n it F¢￿ndatIOn Waiter Guiness Charilable Tn*t Austin Fhy Pilkington Earfey Chwity Pat Newman Memorial Wilson Famity Percy Bilton Charity The Grace Trust The Reuben Foundation Vtck CA St L￿rence Church Charities Dave PouRon Chief ExecutNe Offt•r Rea(ling YMCA Reading Y.M.C.A. Report of th? Board of Management for tho period end•d 31 March 2022 Report of the Board of Management for the perlod ended 31 Alarch 2022 The Board of Manag&menl is pleas8d to presenl il$Annual Re[￿rt together th8 au(*ted financial stat8mènts for Iha period ended 31 Marth 2022. This ￿p￿t is also the t)vect￿. Report requyed by sedon 417 of the Companies Acl 2006. 11n YMCA Is the largest ohjest Y￿rth 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)wn￿L 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 r￿n1[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 L*lesl 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 Auth￿IlleS ILAS) - key commissioners of YMCA seNces-with Signif￿ndY redL￿ad budgels for semces and houslng support for young poopla. At a tirn8 wh•n the UKS young peopk r*ed tr￿ sthyKes mtss( prO￿A of senriees eonltnuè lo be cart. cO￿d 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 pro￿deS supported housing for40 senAee usws al any one tAne Ohrough Its par￿de Road acwnmodation cenlre) atxl wo￿$ closely with ReadirKJ Borou￿ cow￿$ IK)u5ing department. criminal justice agenae5. sub5￿Ce ffli8u5e ser4Tr5. 1[a￿1n9 partneTS and oth8r sp•CAali￿ young p￿p1a.8 seNice5. 2.2 c￿MUnty 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, 8￿n9 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 Cl￿S- from SC{￿ groups through to senior (xtrLen group5- and draws on a range offacilities to provide serV￿0S. induding ils ffia￿ accornffltsjation cantre ibu￿1 in 2008). the Pa￿arth 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 MOV￿1. il is t*ing 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 coMmuni￿e$. Reading Y.M.C.A. R•port of Board of Managemènt for the wlDd ended 31 March 2022 lin this ￿￿teXt. Ihe ViSKn of Read1￿ YMCA is of an Ctrwistian movem&nt transf0m1K￿ ¢ommunllles so thal ￿1 young people can bekng, ￿ntil￿mJIe ￿ IhrP￿. Thi5 is underyMnn8d ty fNe strong ￿ distinc11￿ v8lues that flow frIMn YMCA'S Chrisuan ethos.. W• w•k out We actively look for opportunilies lo m*e a transtsmth inpact on ycrtmg in the commuiuiws vthere we work, and bèlieve thal every petson is ol equal vak*. We wtlcom? We offer peoF4e the ¥paG8they need to feel ser￿￿e, resp&Xed, heard *KI valued: aThl we always pn*oct, trust, hope and per5eve We In$pl We strive to Inspire eath pe￿1 ￿ nwllo nurtwe tsirbothl. rnind and spiiiL aKI to realis8 th8irfull potential in all they do. W• sp•ak out We s￿d up tr yourwj people. speak on isgJes thal affect1￿* *￿e$. aThJ help lo fwml conffidence in Ihelr voice. We serve otheT¥ We are fK>mmitted to th8 wellbelng ofthe (xJn*nunrt￿5 ￿ seThY and b8kn• in the positive benefit 0fpartklpa￿0n. aNI in the wider w(rfhd. To deliver on this these vaues. Reathng YMCA has reCO￿lSed that rt n88ds to furlher change and develop. Speoficalty. it has sel a nLThber of SIrnt￿¢ goals to be ￿le¥ed over the lifetime of this business F48n. These are: 1. Continue lo delNer h*Jh qUa￿ty swJporte(l acconNNJd*iM being recognwl a5 the ReadirwJ martel leader in the delivery of supported accwimcthbon ky youThJ peoF4e. 2. Develop delw tr￿gh qu* pwanmes enabling ￿e￿loP￿￿￿t of ch￿ren and young people. 4. Supporflng arnl enhandbyd quality and good govemm. S. LessenlTrJ tyjrdependence on p￿￿(Uth￿. 6. Operate ourfinances in a prudent m¥w. 3.1 Our Objects 1. To unite those who. regardNvJ Jesus Chtst as thelr God and SavIcwac¢ord￿g lo the holy scriptures. dèsirè lo be his disa￿e$ 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 0￿patiOn 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¥M*ng residertMI aC0￿)IT￿)ja￿n for men and women of all ages term5 appropriate to they means. And the Assooalion shal have the fr*)wlng Pty￿r$ exerds8ble In furth8rance of ils said obj8cts not otheN*iSe namety: lal To aFvty for aNJ thweaftgr maintain a calif￿le of Affilial*Jn to Thp National of Young M•n's chI￿tran As50dations (Incorporaledl. (b) To establish and c￿1 on n8w bAnct*s ef the AsSCrfXation. (cl To promote. provide and carry on or asslst In any way In the ￿￿)1￿1. pThtsion and carrying on of facilltles, soclelles arKJ dubs of kirKJ and to and hohj meelings. tsjnferences. leciwes and training ￿U￿6$. Reading Y.M.C.A. RepDrt of th• Board of Planagemenl for the poriod ended 31 Mar¢h 1022 Idl To cO￿perate with and enter into any Interchwe and bene*s wllh any Young Men's Christl A8soaation wherever estsblished. lel To provlde direcuy or in ass￿l￿On ￿h8(s a advice semce for men and women ofall ages. lfj To cdle¢a and make avalable informalon rel*d to the neets of n)en and women of all ages. Igl To raise funds and crf receive e0rknti￿trons 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 d￿lIt￿ble object& Ihl To purchase. tske on leaso ry in excharye. hir• or olherwi*e 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 Assodalk*n 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 S0￿clE. and receive ar)d ¥£ept finanoal asststarKe ￿¢)n￿l0￿5 and eTrJowrr*nls. 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 CLY4frfI￿s. 11) To l>)rrow or rase money on 8uch tern￿ suth se• as may be t1*￿ght 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 S￿lIett nevertheless to such ￿l(￿li￿n5 (rfany} and such consents {if any) ￿ may for the Ihme beiryj be mposed or rerymwed by and sth4eGt atso as herek)after ￿l￿ryded. 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 1ndeMr￿Y ald suretyslmps ofall k￿dS and lo become secuiity for any p8rsons. fums or ￿N￿at￿e$. lol To engage and pay any agents and ern￿oYaes and lo make al rnasonabte and necessary provision for thè payment of penslorts and s4)eraMuat*)n to and on behalfof employees. forff*r err￿lI0YeES arml Iheirwidow5 and other *endants. (pl To aSt￿lIsh and $￿pOrt or aid in estat4ishment aThJ SUPFXXt of any tharilat4e aS$￿￿all￿S or Inslilutior and lo subscribe or9Jaranlee morw for ¢h*itth purpJsè$. To do all such other l••rfLI things a5 are ￿ for the attawmient ol th8 above objects of any ofthem. 4.1 Gov•manc• and struclur• 4.1.1 Regislralion vAth the Chaiity Comrnissi( As already rtot£d. Rea￿￿g YMCA 1$ ￿gIsle￿d with the Chty Commission. Companies House and the Social Housing Regulalty. Rea(ling YMCA COM￿leS wilh the legal requirements and best praclice guid￿ce ofthese and other relevant bodip5 by virtue of ts dutie5 as ￿ emF*Jyw a r8(¥i8nl of go¥Yrnment ft￿￿$. 4.12 Board of Manag&Y￿1 Reading YMCA'S govefflirwJ (knwment is th8 Memorandwn aThJ Articles ofAssoctation 2010. lthdèr Ihese. Iho A550rAation is administered by a Board of ManagernenL whose rnembers (who ar8 both Directors and Trustees) are drawn frL¥n the wder commuimty and briThJ a conswJerat4e rarvJe of &xp9riertce aid oxperbse to the ad￿niStratIon oflhe Assocaation. They operale aryoss the YMCA'S s￿<￿Mn*tee$. 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 Ma￿h 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 opernb￿al tr*JusirKJ. SUF$￿ and Facilties Man￿eMent Is vesled in Stephen Rttchia,{Biartca POW￿ from 3 March 2022} General M￿￿geT. The Parkshje Pre-school Ss manage(1 by Aison Bennett and the Parkside Cafè by Brian M85kal. Remuneration for these senior rcAes is sel by r)yMJuding a k¢al a)d nab.onal berthfflwk of (xjmparable roles. This benchmarking prO￿S create5 a salary range then the exact iemunerat*Jn level is sel by assessing tha indNiduafs pgrformance 8￿j weriwKe. 4.2 Fundralslng Rylatlon All funtraisiThJ ackn￿ty at ReadirwJ YMCA is ￿led ￿ in ar£￿darKe with the F￿draISing Regulator Code of PraGlice. Read￿g YMCA use ry) thlrd paty supphws for ￿MpoSe of funthaising. all fimjdraising adiwes ate cathed oui by staff and W￿￿teers. Re*Jing YMCA thes Th) fwKlraisiNJ acti¥*y ty way 0fth￿t m•keling. YMCA'S 50wca offundraising Income 1$ 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 req￿red to contribuie an al￿nI 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 f￿d Appolnlmnt ol TnL¥te The threctors ofthe coryany are also dwity tru*e8s purposes of charity Iw. Thè WO￿ ofthe dwrity lo￿SeS 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 W0￿de a list of Iheir skdLs indNidu81s from outside are approached to offer 4.6 Tn￿1•• Inductlon and Tralnlng An information pad( IG p￿ded lo trustees. whw* ty¥es 1nfCrfn￿ aboui the eth*ity 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 reSpL￿1b7i ities of tfuslees we also explaned w*lyn 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 m￿agement Team Vaings lo idenbfy, anatyse, asse55 and moThturthe Top 15 risks to the organisation. The Chief EXe￿rt￿e reports direclty lo the Board of M￿agement on iisks to the orwwsatson ai the bianminlhly 8￿￿d of m￿em￿tt meetsn9s. The alms ofthls risk M￿agement 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 th7￿med decisKm 3. EvlderKe that the ￿ganISatIon is being effeCtr￿lY managed 4. Ensure Ihat everyone is aware of iisk that risk m*Mpment 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 orgwM5at*Jn incluthng Risk Adion Plans and the Org￿lsa￿TraI fvsk Map. 5.2 lAalc￿ iisk$ The top 3 rlsks taken from the Rlsk Registerarml the eonltols t￿￿en1￿ in pl￿ to rniligale the risk ￿.. 1. Loss ofa k8y funderlfunding slrearn a. key slrategc priority is lo18ssen ow dewndw M pubk lund$ b. forn*ise fundraising strategy c. Improve sustslnthllty of eAwrenl cominur¥ty WDiect5 d. malnlalnlng good relationships wilh Commissione e. maintain oualty standards Key perf¢￿￿￿ lThJK*or5 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$5ion PiannirwJ a. CEO and Management Board to acbv* reuLiI Boarf MembeT5 b. Idenlrfy skls 94is Following a for the 2020 Risk Regisler on 2 March 2020, Pandèmtc Disease. was rated In the Top Three Risks. however mbligations dbj not become relevant until the 2020-21 finandai ye￿. ReadlwJ YMCA mantsins a fomal Quality Management S￿orn IOMS). this year havir4J thè process ofself- accred1ts11on whh the Trusted Chaiity Syslem. elements of this system indud8.' 1. A strong management commitment to qualty 2. Recnitmenl arwj retent*Jn of high calitKe. eXp￿￿￿ed. traW￿d 51aff 3. Apprcyriate documented processes, Pr￿e{lUTeS and controls 4. An èthos ofconlinual improvemert and chaljenge S. Meeting all necessary legal and regulat(xy requweménts The QMS arwj ¢knIAy Pdiw are regjaty reve*rd by the m¥*g￿t team the guidance ofthe ChSef Exe￿1Ve Officer. At eath annual manageffth revew. obiEdrrt and iMw￿eMertS are established and a revi of previous largets Is undertaken. P•J8 7 Reading Y.M.C.A. R•port ol th Boa￿ of Managemenl for the wlDd ended 31 March 2U32 As already Staled. Reading YIACA'S swice mcKlel is based on 14gNy-skffled slaff. working wilh h1￿qUalitY sy*em$ and processes. usirg tsikyed, lth-spec fackns. The fOUnda￿On 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 cur￿1 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. t1￿1 al staff should haw acrnss to apwopiiak i￿1*1 pthional dgvelopmenl In thelrlobs. in ac￿rdance w*h 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 Asswal*Jn 3. that the training and develownwrt oppcrftuniues womded shrNhJ be of apprnpriate qualrty hin the e￿sting 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 sp￿laIl$ed ￿Ining n areas suth as. dea￿r￿j with dnffj and akohol misuse and so(yal wo¥L In addition, 81 staff are (xffre￿ ￿ spe(yallsl CPD wowanThs CA>¥￿Ing a rang8 ofrela￿t subject areas. PenGIoM As stated in ACCO￿tAl9 Pokies M pages 19-21 and in Note 23 ￿ page 33 ofthe accounts. Reading YMCA parbupat8s in the YMCA Pension Plan wthich had a defid al Ihe lasl walualion in May 2020. The cOmp￿Y will make mDnlhty ￿ntribull0n5 in re5pecl of ils sharn clth8 thfiutlor the next 8 yeats. The YMCA PensiM14an has n¢MT be￿ dosad tonvw mefflbus and all slaff we entitled tojoml a conlribulory pen￿n scherne run on behalf of ReadlThJ YMCA ty Ihe Pec*5 Pension * Sc4Xli$h lor pre4xisting membws. Readlng YMCA cont￿￿te$ in attA)rdarbce wrth StatUt￿Y requiremenls. Flnanclal rnvlew Readlng YMCA'S operntions dem￿st￿e a cowslenl knnce over IAne, delNerirwJ al trffeakeven in line w￿h the ¢haiitable stslus of the 0[gar￿SaI10n. 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 I￿u$1￿j and 5UPPOrt. R￿1¥•* Pollcy Reserves are that part of our unr95trt¢tg11 funds th* a￿ freety mli able lo spend on our d)aritable purptsses. Reading YMCA seek lo inuease reserves year M year irh order lo irnprove resili8nce. F*Mever given the nature of our funding. generalty restricle￿. Parks*Je Pre-sclwl t5 Otsled raled'Goorf and i5 a tlwrying and happy Eady Yea Le￿Ing provider for 24 yeai olds. Our residents have many training OPFQrtunilies offwed to them over Ihe year Incluthng in house and exiemal cowses on a whje varlety of both prdctical skills as well as fftngss. Co¥id-19 has had an impact on the davery olal oflhese serv￿$ 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 ba1￿Ce $￿et. As of the end of March 2022 debtors were apwoximalety £63K. vthereas ueditors were approxknalety £85K. Overall therefore t YMCA is nDt very TwthiThJ qiital int8nsi%*. R•lalod Porllos The CNef ExecJJti¥e slaff rn￿￿01n dose ￿ wilh Re•* BOrtyj￿ Courol and many ot￿r iltereste0 parties and commurmty ly￿1p$ to pYov*Je the swpwl tery*od by the YOL￿9 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 reSponsi￿e 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 fin*h?al statements th& board is required to:_ . select suitalAè ac(x>unting pJltnneclK>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 nuffl5is*nt the financtal slaternents or ow kn¢AV￿d9e obtained in ts auot or otheThKe appea￿ to te materialy Mi￿lated If we thlertfted 5uth material incortsistencies or apparent material Misslai￿￿T￿. ￿ are ra]uYgJ to determine what￿r there 15 a material M￿SIaternWrt in Ihe finarKial statemerts ￿ a rnalwHI rrisStaleThnl of the Other informaticffl. W. based an th8 ¥￿rk have perforrr*d. we Conc￿ thal thwe 15 a m*rd 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** uth*rlkn li thE CW5e (l the Info￿?￿.￿ 9%en Boa￿ of mana￿￿ts. repyl ￿ the (m￿claI fty whith the ffin￿al slakmenls are wepared ts ct)nststenl with the finan(ia 5taterrEnts,' arwj the 8oèrd of Managemits. rewt has W kyeparwj li ￿lYda￿t 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 f￿￿￿Ment obtainEd in th8 e of the autht, we ha￿ Ml •jant￿ ￿ rn*ria ms*ai•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 bRN*es 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 t*ialKits we I￿Jit'. or the Board Df ma￿a￿TrI werE entitsd b) tske •*Mtage ol ts ￿all eNry3n￿5. 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￿ m*r *twe tre H￿ST￿j and Reweralth Act 2rxe req￿r£S ￿ lo ieFot d, li a satslacw syskn Lrf ￿n1rd rnl bew maiikned by the pa￿1 rnnyany. Respo￿lb￿lI*S ofth• Board ofll*w•nt As expla[r￿ more ft* th tre Boarf d PAIn4en￿rfS Resp￿ts 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 s￿h irthm81 &)Tthi Is tt* 8oard ol mana￿nt dele￿￿18 15 r*c45$ary lo enab the prEpaTrbon of fiwciHI staknts that fr¢ffl misstatemuts w￿￿eT due error. In preparing the finanoal sIaN￿￿ts. ts Board of are for a55e55irvJ the group's parent companws abilty to contimx as a c¢YKem, discbsing, as applirabie, matkrs related to going coKem and g￿Nj corKem basis Df arzountiry Ihe of Alan¥8meni •ith8r uiteThd to Ib4uthle ts ￿mP￿Y w lo cease op¥al￿$. ty have M realth to (kn so. Audltors. ro¥pon$lblHlles lorthe audft of theffinanrkl statwnerts from material mtsst*emenL vthether due to fra￿j ￿ 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 fro￿1 C￿ error and a￿ considered materi* l. li Ihe ayyrpgate. they could ￿a5Dnabty be exF¢ded to influgnce ts econ￿￿ deo5ions t*n baws of these ststEments. B￿aUSe of the ltherart Imitaknms of an audit. Ihere 15 a ii5k that we wil not d818ct all iirwilarbbes. incluthng Ihose leadwig lo a Materi￿ nMssk*ment n the fnarwl Slate￿nts cf non-comph'ance with re9￿allon. This risk irtreases thè more th* wph'an¢e with a law or regulabon Ls re￿￿ed from the events and transaction5 fEfiected in the fina￿al sl*merts. as we wil be less Jikdy lo t)eo)me aware of instances of nonthcomph'anGg. The r*k 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 ltigalk*n 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¢c￿p1Iancev￿lh 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 ￿0UrrespC￿Sl1xlltieS trthg wjit of the finan¢lal sl*ementsislo¢ated on the Financi81 Re￿rtI Countil's website at w•4w.frc.org.￿udrtoIyeSp￿SI￿tie$. TNS descripknn forns part ufour Auditorf5 reporL Use olow rwrt reF(rft i5 made sO￿ty lo n￿￿ell as a tAlh 3 of Pa1 16 af the Ccmpanip5 Act 20C6 and seo*on 137 ol ￿ HwsiTrJ aTrJ Reperwalim N£t 3X¢. C*J audrt work ha5 been undertaken so Ihal we rnNJhl slate lo the cofflpwry's m&mbets those 8Je te4￿d 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 Q￿Pany$ 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 A￿JItOr 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 ￿ntinu1￿j acfib*B5. The rths on ￿9￿5 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 pIn￿1)n Ilablllty 1102.665) 1113.016) Net I￿•ts 1281J72 1,200,831 Ros•r400 Accumulated lund Restricted f￿dS 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 ￿lI￿n95 Other lon￿1? assgts 12 13 152U63 7fA.908 2.590.322 787,808 tnveslmenls 14 3387,372 3.378.131 Currnnt ass•ts Deblors Cash at b￿k in Iw 15 63,144 221.716 56.658 141.117 284J30 197.775 Credltorn: amounts f*llSng 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 pOn￿On 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 pa￿8 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 comprehv￿ive 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￿ Sta￿￿ts 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 equIva￿ntr conslsts OF. Cash al bank ald in haThl 221,B73 141,204 Reconoliathi ofsurF4Js I Idefical aar¥ities Surplus Ildefiritlfor the y DeprerAation Off￿ed assets Rekas& olgrant rJedQor (Inc￿aSe) 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 ter*fjt 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 ￿9LSter￿l charity. sxwarbtee ar¥J wistwed prowder with the Hornes and c￿nmunfy Aww. kncowaled li Etyjarvj and Wa￿. The charity's reg￿t￿r8d office and Pri￿1paI plac8 ol bwr*s $ dsd¢sed cfi the page al Ihe front of the fiTrancd 5t*ewents. The the 15 lo xsi5t thè ￿ cAyrfftiYiy aNI trarth tr* ol young ￿p1?. Accountlng pollcl accounls C￿o&Jate tr* of Re•*4 Y.M.CA *KI ts sutrAh*ary urthtsbng. Y.BuihJ Umlb The conyany ha5 tsken advanlage ol ltre eXewN￿ contsh*d within 8ecb)n 408 ot the CNnFffjn￿ Act not lo preserrt Ns ry*n inoyre and expendilure a￿uTrt Tre surF4ts for the year t￿811 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￿$t1uteS a pJFAic I￿efft as FRS 101 The C￿￿)ary is knwled try guaftn122. ThE lh8 ar? th8 ¢*edors. In th• ￿nI ol th• )ffpany belty WOUr￿ ￿, Ihe li the knknd to £1 Fw rn￿ber. The B08rd 0fm￿ageMent have the fmanci￿ p05rfiw ofts company and. based ￿ Ilnanclal Fees receiva)le for tho provk4#)n of a(x(mn￿d8knl related amenitks. fees JKI grnnts frDm local authal1tk￿ and the Tenant Sa¥ices Aulhmty (kn* the Housir¥J Ctyporab"tyb} a￿ acewnted for in the P8ri¢>J lo wlith Ilw r*8. Page 19 Reading Y.M.CA. M¢)t•s fonnlng pxt ol thg finandal slatements lor the yHr •nd•d 31 Mar¢h X122 (C￿￿•￿d) Ac¢oundng pollcles (oonhnued) TaTh9￿1e f￿8￿ a55ets ar• slated al cost * aC¢uMuts￿ depreth￿10n. DeyeeAtth 15 provbjed on all tsr¥Jit4e fixed asseb so as to them irfl ther an￿pated ￿seful al the kAltrwir8 annual rates Free￿d I￿l￿dIr¥35 General 9quyment Motor vehides Elethcal equI￿ent Fumiture equipment 2% 33.3% 115% w anrRwn T1￿ ¢anying ¥a￿e$ of tsngbi b assets are fDr impairm8nl in periLxls ￿ events ¢y ¢haroes In L)r￿￿ta￿e5 irb*atè ¢arrwng v&%* may Mt be rerthtrnL4e. Trade and othr debior5 ar& rec4>grised at sellkniwrt aller any trade rfistc￿nI Offe￿d. Prepayn*nts are recognised 41 the amounl *5s ￿ thso)unl offered. c(ed¢￿r5 and afe rec4JJnBed whgrv has a swesent ob13ati￿ A5￿ting 1￿M a ￿51 evenl that wdl p[l*ab￿ reS￿t in tho transfer ot ftubjs lo a thyd p31ty and amount due to setk the obluation can be measured or e5kn*J rdwNy. Crethtiys no1￿allY reccgnised at their seiiernenl amourt after foi trwje th8co￿ts thje. C&th * tonk ofrwj ffi I￿1 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 ￿Ce￿*d from the the Oeputy Primè Mir&5ter l¢XIJM} are c•a grnnts Th8 SHG i% repayth irKlafinitdy urless fNm* abaled c¥ w&l*d aljw li f* be recyC￿d folk￿n9 ratiin rel&art events. C41￿ grnts reczgni*l a5 a econtyrmc frfe rf tre retsted ass ReSt￿6d 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 ACCO￿Ing poll¢les (conbnuedj Inclrne eamed frDm de5wj￿j ljrth Is to il* 1¥aab￿ for general w. D8srgn816d funds The c(vwny apyopri*s fvwj k>o)wfvluR mw repa¥expprthurn on England, Scoland W*5. wIKh was to accruls on 30 ￿ri12￿7. 0￿ to insufficient llikrfrnatKyn. plan's ath¥y &d?rised that l is not separ*8ty 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 ￿Y￿*ThIS 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 if*Axre exrtTrXwe ￿¢4￿￿ yw kn htic* Ihty beox* payaLIp. The assets of the scl*me a￿ sepaA* tbJ5e (rf ts N45rKiai(Xb in an indOF•* •Yrninistered fund. Judgemerts In applylNJ acco￿ling PDWcles aThl kny sowc•s of estlrnallon unc•rtalnty Tho prepardtioTh ot th• Slakni￿ts retywes the bowd to m*e I￿￿nts. estimate5 and assumptions th* aflect ￿ an￿uTrts 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 t￿1 aclual outcoThs cO￿d differ frnm those estimates. ￿ folto*wig I￿ements and eslmales have had the nb)sl sigmifttxnt eff￿ rec(wJrwl i) the sla*rwts. T*nglbl• Ilx•d Tangibk fixed assets ae dewKi*d over thves l*iw 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 aC￿ty cat￿rns. 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 (cont1n￿lI 4 Turno￿1, colts and op•r•thg surPl￿d•1kltj Y•ar 31 IAarth 2022 OpÈraU Tplu Idèficlt) Trnnsf•rn bgtwoen funds Net Surplusl Idèficlt) OpgratTng costs Income and ex￿￿lture from h￿Ang x*V1￿85 735.050 1644.209) 90.781 90.761 cornm￿1ty 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 IK*me and expendilwe from hw5ing achvibes 725.476 {7￿2.794) 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 so*ty 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 •xpgrK1￿lfj 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 r*1 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 hO￿Ing KtfvJti•5 Manage￿￿nI eXFer￿ WKI 5tsff costs Routine mairrtenance Hostsl dep￿latiOn Other dI￿¢t Sinking fiwKI 617,$06 47.355 11127 60,108 7.193 557.628 148.535 12.125 66.907 7.601 Total •xpgndltsYe on Iwuslng aclibit 644,289 792,794 Operathg surplu￿(de￿dtj on lettlng actlvitles 90,761 167,3181 Pw23 Reading Y.M.CA. Ni*•$ 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 in￿e ¥e t￿ resL*s 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 IGorttrrt*d) su￿1￿￿•fiCrt) on OrdIn￿ acuvjllos Yw ended 31 Year •nd•d 31 Mar¢h 2021 2022 The surplU￿[derKltI (rfdinary ¥JvA*s i5 ￿ed clwgi AuditQf5' remunerati Deprega*Jn of ffixed assets 8MOD 7.7CAI 90.759 ,694 DI￿t0￿, •Mo1￿lents The direcifyB are defined as the ry*Inb￿5 of Ihe Board of M￿a￿nL the Chef ExeoJlNe 8Th1 any Ot￿r 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 Ott*r pens¢￿ 494,341 31148 16.609 535.1 $9 37,651 44.999 The wenge Mrthr d pe￿￿ Asto¢i*N dwir4J year 8xprv58ed as fulHwne ' eqi•valents was as Y•ar gnd 31 Y•ar •nded 31 MarBh 2021 N￿n￿r 2022 Nurnb8r 23 Adn￿nIstratknn Durkng the year exFonses d £nl r2021 - £nT) to cl I1￿ Bgard rf Managam8nL No Fensbjns pail kn any C￿11 or fomw nvntws Bo¥d ol Managen￿t thrivJ the oJrRnt ￿ar or wor year. Pension conlritwtion5 of £1.(￿1(2D21.' £9851 pa*J on behaw ol thè chi￿ ExecJJiNÈ Ilus yu. Koy managerr*nt Ffflonnd ol the comp3ny conyw of Bo* of Mar4errenl knjether wilh the Ch Exec￿l¥e. General Manager and HR aThd Trainivj MJ4gei. The tot¥ knefft6. Ind￿lI1¥j ern￿DY&r F4nSkin nalbjnal msuran￿ ol tre rn¥•)È￿rI 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 Sur￿￿5 on ord)nary ¥tlvlll•s v*w of Ihe A550cialton'5 charlth 51th rK* (xXForah￿ tsx any swplLS Ic¢ tt* yéar12￿￿1 - £nl. 12 T￿bIg fixod aM•ts - Host•l Iwlldlryi Group and ¢(￿p•nY 2021 3.375.465 31 P**th 2022 3.375.485 DePre￿allOn At 1 April 2021 Charye for ts y 785,143 67,859 31￿2￿2 853.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 *4￿Pment 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 M*ch 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 $9,643 21,048 340.294 At 31 Marth 2022 313.124 764,908 At 31 Marth 2022 At 31 Marth 2021 787.808 P•Je 27 Reading Y.M.CA. Notes Irrnlng part of the ffinan1A￿ stst•n￿nts for tr* y•¥ •nded 31 Marth 2022 ICont1￿￿d> 14 Tardbl• fix•d ¥sots - Other Company Fmhold Iwlldlngs Generdl eqlwpment Electiical •qulpment Cost A 1 ￿ri1 2021 Addthon5 Disposals 315.446 33.524 (33.524) 31 2022 315.446 Dgprpciai?on A 1 Apnl 2021 Charye lor y• Dwsds 138,049 6.309 33,524 (33.524) 31 Mwch 2022 144,358 Ngt toat v 1 31 M¥cth 2022 171.088 At 31 Marth 2021 Padworth Furn1￿￿ Scouts bln equI￿ent Whycotes C•ntr• Totsl At 1 Awl 2021 3n.767 293b4 349.286 1.13B.n6 133.524) Addition5 Di5posaLs 31 2022 372.767 349286 1.105.202 At l April 2021 Chapje lor yex Disposals 51187 7.456 18. 1149 69.860 350.918 22.900 133.524) At 31 March 2022 21.048 76,846 313,124 8,256 2T2,440 764.908 At 31 3)22 At 31 2021 10.4C6 279,426 797,808 P•gp 28 Reading Y.M.CA. Not•s fornblng part ol the bI￿n¢la1 ststomenls lor the yw end•d 31 2D22 Icontlnuwll 14 Flx•d asset knveslrnents Company Shares In group undertaklngs At 1 W W21 aNJ 31 M￿7 3)22 The compa￿$ 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 urK￿rtai￿S 56.572 63.144 16 Cr•dltorn: amounts y Grow> 2022 2021 Trade ￿edit￿9 TaxatTrJn and 50aal s￿l1Y 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 e￿Ie￿ 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 Inc￿￿1￿ thin the an￿￿5 f* a5 frkn*s". 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. Be￿5h¥e. 18 R•s•rv•s Group and ¢ompany ACc￿lIaled Fund At 1 April 2021 Sfvkntheye¥ Tra￿le[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 DeP￿Cla￿ 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 97.9￿1 2.500 420,850 25,230 IS.843) 16.0311 Income (3.5301 D8pr8oation (3.144) 12.256) At 31 lA￿h 2022 121.693 98,234 434.206 The MrJ HowJlrton AvHd Islo be wed in Pe(￿sT￿l SYMCA - the lund rewesents furwJ5 dora￿ fijr fl a SFocffic ￿ $l*￿me. Scath fiJrKI TrtmnLs the rA txjahw. Th8 b)othoL￿ has nrN teen bull so tr* deprec48Oon be ofvi eath y agm¢ knl. The P4(t*tsrth ￿1￿[ is i) r05pe¢l of rebthJof path￿￿1h The Nurw lund i% in weil ol the ￿&11￿) ol tte nuw. The Eyrp F•T* luTr1 is to¢0￿111* ofa Cafè TheW(rfkshopfiJnd $to pThide ￿}￿r￿J The Mson f￿d is lo prn￿de funds in wespect ofyouNJ pe(*'s Page 31 Reading Y.M.CA. Notes f(ffrnlrwJ pmt of the finandal ¥latsrnerfs for the year ended 31 ltsch 2022 1c1x￿nUIdl 20 Ro8er¥es . Deslwed tsnds Group and ¢ompany ltr 118rnTAm Fund Malor rnpalr F￿d R•sldents Fund Covld-19 Fund At 1 2021 Income ExFenses 20.499 184,916 7.193 3.963 8,550 (1.5￿) {2.5641 At 31 IAar¢h 2022 20A99 192.109 8.5SII 1,399 Nurnery Fund YMCA Fund To1al Fund At 1 ￿(12021 Income Expenses 1.856 2.402 4J74 6,824 312,736 21.189 15,02SI At 31 lknh 2022 1297 4h18 9024 328,900 Th& Mr M Br¢rMI l￿d is kn b2 WJJ trwortwih youThJ r•. A ser*iCt 15 *c¥n iesi*nts for thè for fvknre reparation& the balano of seMQ ¢f4iges eXp￿thd li Ihe rnaior repaw [￿d. The gjrphjs fvtThJs tr* a¢oJrrn￿ f￿1. less ary garn. hm baen Illoca￿l by Ih 21 C¥ltal eomrnltmnts: Gontr*Gied lorbut no¢ wovlthd In Ilwfin￿¢[II tstoments Gro Company 2022 2021 22 Analy¥ls of Ghanges In ng1 d•1 Gro At1 Aw112021 At 31 March 2022 Ctth at b•nk and In hand 141.204 80.669 221.873 Reading Y.M.C.A. Nothg lfftlng part of the IlnarKlal statements for the year •nd•d 31 Ilar¢h 2022 Iconlln￿dl 23 Penslons Reading Y.M.C.A pa￿apated in a crythbJtLYy (Aan yovithng (kfined benefits based cffl final Fensbnable pay krf eryloyees of YMCAS in EngkNI. ar￿ Wa* The assets of th8 YMCA Pen%on Plan a￿ held separatety from those of Readir#J Y.IA.CA and at the yewond the58 ￿re invested in the Mercer Dynamlc De4isknng Sdulmm. 03% m*dMwJ i*yWoho and 37% grtr*th Schroder (property units Wil. The mst Trcenl ConV￿1￿d three y Vakthon TW8S 85 * 1 May 20x1. Thg asswyknns which ha the mosi sgnifrart effect on the valuathjn aw8 I￿se telam￿ lo Ihe assumed rntes of relum on asset$ l*kl belore and after reti￿1 01159% and I.￿% re¥Jecb"¥ety. the inuease ui Fen5xJn5 in payfflent 012.99%. and Ihè a¥eThJe Ife expect*cy frcffl I￿￿1 relwemenl age lof 651 Iw a t￿￿Ent ￿￿￿￿)ner of 22.0 yea5, fern* 24.4 yea￿. and rd 7 yeats f(r a ￿rts￿8r. 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 nw*ws. 1 May 2011. Thè ¥akAbw prepgr•J as at I 2￿20 slKy*ryI thal tro Pwsicffj haj a dEfot of £39 millKJn. ReaduYJ YJl.C.k has teen ad4ised th* I wil lo m*e 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 fLrt￿e. The Asscoatw also opwates a dEfiT￿l ccrfrtrtithn Sd￿￿8 **tiich is av**e lo all of ts anployees. Cantribth'ons arè tharged hi acC•￿ts as arhl tt*re 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 ￿cer￿d 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%$ttra￿on is a Registered Sc¢d Lardcrfd wth ts Terwnl SeThi(xs AthC￿ty (lor• Ihe Housing Co￿01?￿). i5 aso a 1140731. Page 33