CLwpany NunknT.' 05646553 Chwity Rogistration Number.. 1140731 Regulat of &Kial Housing Registration Number.. L4551 Reading Y.M.C.A. ReFat arnl Fman¢ial ststern Yeai Ended 31 March 2025
Reading Y.M.C.A. An1 r•portand flnan¢lal slatemerrts lor the year •nd•d 31 Ilarch 2025 Contthts Board of manager1rI ret Report ofthe Ir¥hnt a11¥5 12 Incorne and expeThJiture actnI 13 Balarth 15 st•terrenl ol ¢h8nges in reserv le Cash fflow ItstonnI 17 Not•s lorming part of1 financlal Stslorrnts Board of M4Mynwnt (dlr•¢tN) G M Woouey P Dick N Denton R Williamg G K Meyje$ Chl•f Ex•cullv¢ om¢•r D Pouhon 8e¢retsry G M Woolkny Comp•ry Nurnlxr 05646553 Charfty Regtstr11on Numb•r 1140731 R•gul•tor of So¢hl No1n9 Roglthllon Irnh•T L4551
Reading Y.M.C.A. Ann[ f•port and Ilnanclil $tstsments forthe ye¥r ed 31 M•r¢h 2025 Regtstsr•d Offlce and PrIn¢l1 Plx• of B1n• 34 Parkspje Road. Reading, B8rkshire. RG30 2DD Bankers BarcLqy6 8ank pk, TikhurBL Bwkshire Solkltors Fld S&ymour Parkw. Rewjing, BerksPe Audlto Jame8 Cowper Krnston Au¢l, Greenham Businem Path, 2 CmNthallon$ Road, Nowt*ury, RG19 &48
Reading Y.M.C.A. Rewt ofth• Bo•rd ol Manaynk•nt for the year end•d 31 IAarch 2025 R8port of the Board of Management for tho year ended 31 March 2025 The Board of Management is pleased to wesent rts ANwl Report togetrr wth the aLMJited finaneial slatsments for the period ended 31 March 2025. This report is 4$0 Diredors. Report rewired by section 417 of the Companies Act 2006. YMCA is laryest KI owjtst charity In Ihe r¥ld serves more than 85 mlNkn people 8¢ros$ 120 countries WOrld4de. In Engld PAHI Wales YNCA tntensivety surwt 402.000 youThJ people every year a¢roM 84 YMCAS. Reading YIACA can trac bts 0ri9iry6 baGk lo th •118st d8y8 of th• YA4CA Thw)vemgnt. Th8 fomd meetlng of Reading YMCA was on 18th Decembgr 1846. ReadirKJ YMCA woudy d•ims to be ono of the olde81 YMCAS In tho WOTkl. Evéryon• should have a fair chonceto dlscovervtho ihey are andvthatthèy bocome. YMCA Reading believe in fairne8B •neJ opportunty. There are the essential builth'ng blocks for a full arKI rewarding lrfe.. A safe home.. acceplanc•,' guidance., fnend8hlp'. phy8ical and mental th.. •cademi¢ support,. employm•nl skills,. and a¢cè$8 lo ro81 opportunrtie8. Many young p•Ie have never krKy4V theye tIn95. other ople have lost one or moro as they grew up, but we all need them. All ol us. Ay YMCA Reathng. ws wovld# th• uitical knJndation8 for • trejh. Jtrong start for young pooplo and a better quality of life in Ihe commurrity. Reading YMCA operatès a8 a Registered Charlty. Cthnpany tsmit•d ty Guarantee and Regi8tarèd Provlder th the Sw•1 Housing Reg810. 2.1 Hou81ng R•adlng YMCA provid supported housing lor 40 5eMce users at any one tim• (through its Parkslde Road accommodation Cenlrel and works closdy wlh Reathng Borough Council's housing department, crimlnal lusllce agencie¥, substance misuse servitss. employmenl and training partners and other specialist young people's service8. 2.2 Community InVotMent In addrtlon. Readlng YMCA q>orates a pre-school and a GNle rTr8ile. t4)th treMdOuS as8et8 to th• Rèadlng YMCA Communlty profle. Readlng YMCA Vh)rks in parlnèrship wilh a ran99 of commuth seNlces aThl dubs And dr8ws on a range of facilitiès to provKl• semces, induding its man ammodatiOn centre (built #i 2008), tho P•thorth Outdoor Acdvlty C•ntr8, and Its iports facthi8s- t Milwartl Centre. 2.3 Future plan$ Reathng YMCA is looklng lo conlnue to resporwj to Ihe chalenges In it8 local communrty and to meet the needg of young 0P19 in the area. As th Ihe ider YMCA mtrrtnenl. it 18 taking a m¢)ré holistic 8pproach, wlh a focus on cr8aling 8 community that is tra[thl I. Crftical to th18 h helplNd Y(rtg pwlc+ aY an active aTh1 fvlfilllrvJ role within their communities. Wthin thls context, Ihe Msion ol Reaolng YMCA is of Inchtsive Christian movèrnt transfomiing ¢X*mmunNies so that all young wople can telong. contribute and Ilwive. is underpinned by five strcfflg and distinctive values thot Ilowfrom YMCA'S Christian eltm: Page 1
Reading Y.M.C.A. Report of th• Bo•rd of Ilanag•m•nt torth• year ended 31 March 2026 Wo $•ok out We actively look for opportunOs to make a tronsf(Ymabve impact YO Irth In ts communrties where we work, and believe that every person is of equal We welcom• We offer people the spxe thèy rd lo feel Se. respected. he8rd and valued.. and ¥ ahvay¥ protKt, trust, hope and peNvere. W• Insplr• We strive to insixre ch Pers meet to thelr body. mlnd and •F4ri( and to realls8 their fvll potential In all they do. W• $p••k oul le stand up for young people, out on Iss5 that affect thr lives. and help them to firKI Gonfidence In thelr own voiGe. W• ierve oth•r• W• r8 commitied lo the welbeing aftr CMunI3 in the Pos¥a benefrt of partldpaion. locally ond In thè wid•r Ik1. To d8llver on this vision and vall. Rèwlrq YMCA has recogniled It needs to further change and d&vo10p. Speciffically, Trt has 801 a numt•r of 8tr•tesiG to be 8thlov•d ovw tho &'fthme ef thls bu86ne88 plan. The88 am.. 1. Continue lo deliver high qua16ty supwted acCoMrf10n ththlle belThJ recognlsed 88 th8 R8adiny market18¥der In the dellvery of supported accommodat6on for young PeOe. 2. Dev•lop and delNer high qualty communty programmes enabling Fosltfve devebpment ofchlldren and young pwpl•. 3. Work collaboraJvety vlth YMCAS olhw p8rtnerv. 4. Supportlng and enhanclng qu81.ty and good govemance. 5. Lejsening our dependtsn on pu1¢ funding. 6. Operate our finances In a prudènt mannw. 3.1 Our Objects 1. To unite those vtho. regaTding J•sus Chrfst as thelr God and Savkur aceordirs to thè holy xrlplures, deolr? lo be h18 dlsciples in their faith and in th8lr lif•, and to associate thr efforts lor the extension of Hi6 Kingdom. 2. To l•ad yourvJ people to the Lord Je•us ChTl•t •NI to fi11rS of lifè HIM. 3. To provide or a5SiSt in thé ptovlsion in the interests of sodal VWare of fathtiej for reueation and other1oi¥ure tlme occupatlon for mèn ènd wom¢n Vilh the object of iMprory their condifj'onty of Irle. 4. To wovidè. improve and manage arKI host wovtdir4J re81denlial xcommodatlon for men and wom•n of all ages upon terms aPproate to th8ir m8ans. And A88oc4atKM) shal Iwe thè following thr¥ exerosable in furtherance of itB said objects but not othe7$8 n8mdy: (al To appty for and thereafter maintwn a Certificate of Affthation to The Nallonal Coundl of Young Mon's Christi A88ocialion8 Ilncorp)r8ted}. (bl To eslablish and on bh8$ oftr* Asw)1. le} To prorN)te. provide and carryon (ya$t in YWaY ints Ffomotsn, Provisi and cgrrying on OffalitIes. 8ou8ties and Clubs of any nd to arrange and Ivjld meetings, corrf8rencos, l•ctLfeS ond training courses. Page 2
Reading Y.M.C.A. R•port of th• Brd ol Mamgenx forth• y••r•nd•d 31 Ilarch 2026 Idl To Cowoperate with arml 8nter into any tyttercharge of fwlibes and benefft5 With tY YIng Men's Chrlslan AssocAation wher8v8r established {e} To provide directy or in a8soaatiQD With ottrms a advlce SeCe for men and womèn of 911 ayes. lfj To collect and m&ke avalable Infomati related to tIN% n8gds of mon and w(mn of all ages. (gl To rai59 fvnds and invrte or receNe conlributj'ons for any person or persons whatsoever by way of 8ubs¢ripb'on. donation and otherv•ise pmmdod Ihat thè Ass¢)oation 8haK nol any pem)anènt tradlng activities In ralsing funds for its charitable objects. {hl To purchas•, take on lease or In èxcharwe. hire or olheNi8e acquire r801 Of (SOnal property aThJ any rfghts privie8 and to con8tnxt. m8int8ln and kn bulthws or erectlons. (il To 8ell. let, mortga98, di&po•e of ry lum to accolrt all or any of the prOrty or 8888ts of tha A8•ocialion subject to such consenls #s may be reqLArthl by law. 111 To urKlgrtake and exoCUt• any chvilae tru•ts thlch m•y lawr be undertaken by the Aseocfjatlon. (k) To 801i¢it, and receive and accapl financid $tance donations and 0ndmentS. gffts {both Inter vlvos and testamentary), devises. bequests 8fKI loans of mow, rents, redItts and crther propety vthatsoèv8r rèal or perBonal and 8ubjoct IY Mt to ony specific charitse trusts or condition8. 111 To borrow or ralse money on such terni8 and on such 8•curlty as m•y be Ihoughl fft subject to SLth con8•nts 48 may be required by law. Im) To inv•st the morw¥ of the Assoaation rMIt Immethatèty wwrod (Y ts purpg8•s in or upon such Inve8trn8nt8, ¥eNirlllety or property as may b• thought fft sleCt nev8rdwl•s$ lo such condition81rfonyl and Such con80nts Ilf any) as Thay for the lime being irnposed or required by law and 5ul4.ect also as hereinafter provided. {nl To lend any part of the rnorws of the Association and do th or Vithwt interest and in the case of a loan not èxceeding E20 with or withoLrt secuiity 8nd In any ca8e sueh $8eLty as A5s0cialion may reasonably consider 8uffi¢ient, lo enter into guarantees, ntraCt5 of irwJemThty SLwetyBhips of all kiThYJ arKI lo become seeurfty for any pèr$en$, firms or comp8nie$. lol To engage and p8y arry tyenl$ and emF4oyees and lo make all reasona9 ar nece35ary provision lor the payment of pensions and supwannuati¢)n lo 8nd on behdf of ernoyees, former employeej and Iheir w(knvs and other dependants. (p} To establish and support or aid in the establishnont Bupwl of any charfIle as8oclatl0 or injlituticffls and to $ub$cribe or guarantee money for chatable purpojes. Iq} To do all such other tringB as are for th• anrrrf of the above objects of any ol tsm. 4.1 Grnan¢• stNctur• 1.1 R•glstratlon wlth th• Chartty con41n As already notéd, R8ading YMCA is registefed wrlh the Charity Commission. Companies House and the Soc181 Housing R8gulator. Reading YMCA comt4ies ilh the IW requirements arKI best practice guidance of these ar other rel8VP bodies by of rt8 dleS as an p10Y¢r a recip of governnt fvnds. Page 3
Reading Y.M.C.A. R•port ofth• Bo•ftl of Management lorth• y••r •nded 31 IAwth 2025 4.1.2 Board of Managem•nt Reading YMCA'S go¥errn9 dOThent is Memofarthm and Artlekn of knociabon 2010. Under these. the Association is admirdster8d by a Board of Management. whose members I are both Directors and Trustees) are drawn from the der ¢crfnmunity and n9 a COnderatIe range ol exp8rienc• and eXSe lo the admlni$tro1ion of thè Aggodation. The board opwes thrOLh Its reowlar meetings, and the IKiusing and safeguarding comrnrttee. 4.1.3 Op•rntlofial vJer the Board of Managem•nt, the strateg mèrwgment erKI th"rectson of the busin888 r8 vested in Ihg Chlef ExecutNe. Dave Pouhon. Day-trtrday operational H519, Support and Facilibes Manggement is Jayne EVaon, G8neral Man8gor. The Parkside Prtrschool is mwged tyAllson Bnett Human Re80urce8 and fin•nce are 8OLYced extemally. Remuneratkjn for th•s• senior roles i8 8èt by a local nalonal benchmarf¢ ol comparable roles. This banchmarking Pr8$ create8 a sd•ry wge and Ihen tha exact remunerailon level i8 set by assés8ing the indfvidual, P8rfomianco and exwb8nc6. 2 Fundrnl8lng R•gul•llon Al fundralsing activlty al Rèading YMCA are cale out in 8cCwdae with the Fwthai81ng Regulator Cod8 of Practi. Reading YMCA usa no third party JLWler8 for the Purpo ol luthislryJ. all fLTh4i8ing activit188 arè ¢arri•d out ty staff and vdunt¢ers. 4.3 Gov•mlnB Docum•nt The organiution is a chantablo ComnY Ilmlted by guarantee, in¢orporated on 8 Dec8mber 2005 and regi8tefed a$ a hanty wrth the Chanty Commlsslon. The company w86 estat4i8hed under a Memorandum of A580Ciation which established the objects and pwrs of thè charita? company and 1$ gDvemed under its Article5 of Ass¢xiats'on. In Ihe avent of the company being wound up. mombars are required to conth.bute an amount not ¢x¢8eding £1. 4.4 DlreGtors Th• direclorn In office during the F4md were 96 lolows.. Mr P &ck, Chair Mr N Denton M8 R Wlllan Ms G IAeyjes Ms G WleY 4.5 Roerulkn•nt ind Appolnlmrt ol Tn• The directors of Ihg company are al80 chaffty trust••s for It purposes of chartty I. Thè wck ofthè ch#rity focuses upon yourwj peo in need ofsupwl and the trustees seek to en8ur8 that tha86 people are appropriately represerted through the dversity of Ihe trustoe body. In ryder lo maintain a broad mlx. the existiry trust are requested lo provide a list of Iheir sk118 and in¢th'vl8I$ frcrfn QLrtside are approached to offer themselves for electlon. 4.8 Trwt•• Indut11on and Trnlnlng An infomiatlon pac Is provlded to Intstets. thich ui¥es infmakn aLrt the tharrty and its rol• vllhin the notlonal YMCA mov8mwL A copy of the company's Memorandum Artkles and Ihe latest financial ststemenls is also provided, and rew Truslees we referred to the Ch Commission's gidance 0W to be eff6ctiv¢ Iruslee.. Additionalty. new trustees ara Oncoyraged lo familiarise themselves wilh charity by meeting vlth staff. residents and communty user groups, by attending a rneeting with Ihe Chair of Tru5te8s and the Chief Executive al which tr aims and objectives of the tharity e di$cussgd with a revival ol the fmwKial position. The re8p0nslbl1es of trustees are ajso explalned within this me8ting and a cotty of the Code of Conduct for Trustees 1$ provided on [nIrY4. Page 4
Reading Y.M.C.A. Report of the Board of Managenl Iorthe r+nd 31 2 6 Rlsk Managem•nt 5.1 Introduction A Rlsk ComrnNt80 m8818¥ery 3 monlhs to id0, anty. a8se8B mwitor Top 15 risk$ to ts organlsalion. Thè Chief Executive reFQrts dirKtty to the Board of Managernent on ri5k# to th8 organlsalion at the bi-monlhty Board of Management mo8b'ng¥. Tho alms of th risk manwent proeèm arè." 1. To qui¢kly identify. evaluate and mitigate the effects of 8udden sh)cks and urwdc¢)mè swisés 2. Improved management inlofmationloading to more rrfomed decisron m&king 3. Evldence that the organisation 18 being bffecvelY managed 4. Ensure that everyone i¥ aware of risk arKI that rlsk manapmènt 1$ thdr rospsIbfy 5. Improve skill sots I motivation of staff 8. RUt8 losses ari$ing from workFlace ac¢thnts aThJ ilrfisj 7. Support $trategic planning 8, Achieve cost savings 9. Reassure Intèmal and èxtémal A Rljk Regi•ter li Ggmpl¢d monitorod and ccffjthins the Top 15 rlsk810 thè or9anlaatton IndlIrtg Rl•k AOn Plvn8. 5.3 Ma1 rl$k8 The lop 3 rf8kg taken from tho Risk R•gthr arKI the controli Cufrenoy In ace to mwe ts rfsk are: 1. L¢yd8 of a key fund?rnun(Ing ¥tren . key strale9ic priorrty 18 to lessen our d•p•nd•nce on public funds b. fomalise fundraising strategy c. Improve suslainabllty of current ¢ommunty proiecls d. rnainlaining good relationships with Commissionars . rnalntaln qualrty slandards and Kèy Pèrfomance IrKIKalors f. form•llse marketing strategy 2. Major health or safely incidenl a. ensure Health & Safety Poliaes are up lo d818 b. updo1¢ 011 Department Risk Assessments . sloff refresher couT3es d. ensure riyk8 ar• insur 3. Board Succession Hannry a. CEO and Management Board to activity rocruit nTh¥ Boord Members b. Identlfy 8kThs g4)s YMCA Reading contwiues to review risks assttSated with Par¥Jemic Disease ba8gd on the latest Govemm¢nt advlce. Rea(Ang YMCA MntaInS a forni81 Qu• Mryermnt System IQMS), Thè QMS and Qu4ity Pdicy are regulavty revivwed by Ihe mwmwrtteam urvjer the gTid8nGe oflhe ChielExecuts've offir. At each annual mwmenl revi. ot*es 3nd imFwJvefflents are estaNished and a revlthv of pre¥lous targets is undertaken. Page 5
Reading Y.M.C.A. R•port of th• Board of Manag•mgnt for the yoar•nded 31 March 2025 Pp As already stated, Reading YMCA'S Ser¥e mLJd 1$ based on higNy-8killed staff, working th higtrwuality sy8tem8 and prtte$ses, and using taHorod, faclitiè5. The fcvJndatlon of this is the Staff Development aThJ Traning policy wtlch seek8 to enabfe gtsff to.. 1. acquire the knovledge skills to enat4e them to perfrn effectivdy in Ir currwrt rdej 2. enhance their p8rfoTmance in their eJJrrènt rdes 3. respond effectivety to the demands placed vpon thgm by lrtemal 8Th1 exlemol chanp dèvèlopment 4. dévelop their careers effecllvety within the AssttialM)n In meellng theso obj8ctiv•s, ReadiNJ YMCA #eks to W the fc4ltrln9 pdNapleg.' 1. that all staff should have a¢sS to appropriatè ¢¥l)wluriies for ir4b.al wofe8810n development in thelT lobs, In aC¢LYdance with th8 Assoctatyon's equal orwtunitie¥ policy 2. that th• tralning and development opportuThtwJ prOvid SI1 be relevant to thè n8•d8 of staff for their emF4oymènt Ot the A88ociat¥)n 3. that the training and dgv01owert OpptunItIa8 WOVKled should bo of approwl8te qu411ty Wthln th• •xl81ing swort Seryice. as a baJdine al staff have exp)erience working th ehlldren and young people, all have Safèguarding and Some have spe¢lali8ed trainlr4J in area$ such as, d&allng wth ¢ug #nd alcohol misusa and $oclal vmrk. In addrtion, all 8taff cuminuy on wxcla11 CPD prowme• a r8NJo ol rolevanl sublect areas. P•n¥lons As stated In Accounting Pdla8s on pays 17-19 and In Nole 23 on pag& 30 of the accounts, Readlng YMCA participate8 in the YMCA P•nslon Plan. The company wll m&e monlhly contriLwtiorffj in respect of its share of thè d0fiC for the Mxt 8 yèarn. The YMCA Pen$Son Plan ha$ nthv been ckxed to new member5 and all stsff are enlllled toloSn a conlrlbutory pènsion Scheme run on hall of Reading YMCA ty the Peoples Pension and Scottlsh Imdows for prtr8xi&ting members. Reading YMCA conlribules in accordancé with stslutory requirements. Flnanclal revlew ReadSng YMCA'S opwatlons demonslrate a consistent perfomancg ovor lirne, dellvenrvJ at breakeven in Ilnè with tho ch•rftat4e status of thè (ganiSatIon. Re¥enL a fOret to stay fairty ftgt in futLn year8 - some docrease may occur in upcoming ye•rs due lo thje$ in Local Govemmènt funding for hou&ng and support. R•s•r¥•s Pollcy Reserves are that part of our unrestrfthd fi)ds that are freety available lo S1 cn our chtable purposes. Rvding YMCA Beek lo incw8• rfj5erv year on year in order to Ynprove resilierKe. HChver9fveTh the nature ol oui funding, generally re$tted, there is limiied cwilty for grUfiCWrt aMu81 cash ¢Ontritrrt7n8 into rnserves. Cash assets are retained at Ilrnit not below 3 x monlNy ¢w8b'ng cMts. Reading YMCA own the Freehold at 34 Parkside Road vthere the ddNery ol Prim s¥Nices take place. lthilè M>mio1ty land assets would be consid8r8d witNn tr* context of reserves. should a sriuation arise where it wa$ nècessary lo access urgent funthng wa would con%der a knan on that freehold lo gel us ttrwough any dffult finandal period. Sale of land assets 0Y b8 conshkne(l in the event oftemird contingency. Support & Ad¥k• We were delighted to t• able to negotiate a contract with RBC. covoriMJ the rext year8. Trls removes the rtainty of the ye$r-by-year negotiat)n. Ihough the resourc have reduced as have the expectatlons of the level of supporL Staff are brt9 trained in th& newvAy ofwcrfkirKJ. Undelmed ty an amlitsous philosophy. Itwas approved by RBC September 2024. Page 6
Reading Y.M.C.A. Report of the 804rd of Managem•nt lorthe Ir•nd•d 31 March 2025 Accomm¢datlon Revenue¥ for the Accomm10n seMCO I come from hsir¥ beffl5 pwd direL by Reading Borouth CouNyl to Reading YMCA. Tralnlng & Educatlon l Oth•r Parkside Prtrsehool Is Otsled rated 'Good' and 18 a thring arKI h•¥y Earfy Years Leaming provider for 24 year olds. Our resld8nts have many training opportunities offered to over the year indu¢fing in hou88 training and external ¢ours85 on a wide variety of both pracbcal skills as VAI as fitness. R•lat•d Partl Tho Chief Executive and SOnr 81aff maintsin dosè inks wlh Reang BorcAJgh CO1 and rnony olhei Intw68lod parties and community groups to pmwde thè supwt required by yo9 people our Wv15. The 8tsff rnaintain8 dose contact wllh ¢)trw supp18 tMing provid8r8 in Rèadiry and attend partngrship m•eUng$ relet to respectlve roh8. In addltion lh• folloing OF•ration•l Plan h•¥ been dov•bp•d. EMP0RING YOUNG PEOPLE TO BUILD A STRONGER COMMUNrrY This plan has b•en dis$$4 Senior mJnagemerrt approved by the Board. and s8 out thè k•y IsBues for 8taff and board mwnbws overthe nèxt two year8. It ¥hThAd bg road in cor4unction wrth the Oritsinal Strategic plan1202420261. As agreed by the board this plan will be revithv•d in two years. vA7en we look back to decision lo remain independent, and tak¢ ¥lock. Tho kéy priorflies for thls fv-yeaI period are.. 1. Our work in support and housing is crrticd and generates some 90•h of our funding. We must seok lo maintain and improvè our standards in this key aa. Irb SUPPOrt of that, we seek a closer worklng relationship with Reading Borough Council and other community partner5. 2. We musl continue to Iwu5 on more pos11ive oulcomes for young people (for example, more NEET moving into employment and education, and more posilrve moving on by re$iéenlsl. Key lo thi5 will be to continue lo develop communty programmes whh will help enhanee the lrfe skills, health and well-being of the young people whom we serve. This will include. but is not limrted to, building on the 8UCC85s of the Cafè, the Preschool. the Pathvorth Ath'vity Centre and the Sports Cenlre. 3. The CEO and other cdleagues will foster gotsj relatKmship8 wilh networks within the YMCA and the wider communty. to18aTn more of be51 practiG¢. 4. We will all seek lo maxirrise income and benefits from our ladIe8. and to ralse fvrther fvnd8 from appropriate sources. to grow investment in our core seTVK4S. 5. We will continue to supportthe mentsl health and welbeing ofourdients arwj slafTr, thelrsafety andwelfare are key and overr¥Jing priorities for us. Thls wl #)clude an irnproyed programme of staff developm8nt. The trustees I dlreth have had to giid•rK8 PLli8hed ty the Charity cmissiOn on publk beneflt.
Reading Y.M.C.A. R•port ofthe Brd of Managem•nt eare Board of M•nag•m•nl's RMpon¥lbllll•s The Board of Managwnent is responblO fcf th8 preparation of the finandal staternents for eaGh financial yw, whlth glv8 a tru8 and tsr view of the stste of aff8ir¥ of the company and the group and the Income and èxpèn¢ture of the group for that period. In preparing these financFal slat8ments the bowd is required to.'- • $818d suttabh accoLrting polKies arrtl Ilwi appFy Ilvn con8iStenty make judgements and estimates th81 Ire reasonable wudent ' state whether applicable accounllng standards hav8 b••n folk)d, 8uty.ect to any mattriol dèpartures dlJdo8ed and explain8d in the financi•l stthments prèpar8 ffin8ncio1 stsleThnts on the gtyng bw's Lrless it Is knappro[lts lo presuma that tho group YAII ontinue on that ba81S. The Board ol Management ts resp0m18 for malnts1rry propw 8ccountlry records whlch d16c108e th rèasongble 1ccura al any time the flnanual posltoon of the compary and the group to enablè them to ènsure that the ffinandal ststements comply with the Comp8r4es Ad 20(, Financial Reportlry Slarhlard 102 The Financbal Reporting Sland4rd appllcabla in the UK and Republic of Irelind {FRS 102), the Statement of Rècommended Practice for Soclèl Housing Provider$ 2018, the Housing and Regeneration Act 2LN)8, the Accounting Direction for pvate reglslèred providers of $oGio1 houjing in England 2019 and comFdy ith Its c0nsbtuOn. vtt4ch its 9overThn9 documènt. The board l¥ al r¢sponsible for saf8gu8rding the assets of thè ¢offlpany ond the group and hence for laklng reasonable st•P8 for the pr•vènti¢)n and det•ctlM of fraud and otr InB9ul4riti ststèm•nl •• to dl•clo•urn of Inlorn)atk•n to •udltorn So far as tho Directors are aware, there 1$ Tr) relevant Infomlon ol the charbtable company's and group'8 auditors aro unaware, and eh Oireclor an¢J member of the senior mand9emenl loam have tsken all the 8leps that Ought lo have been taken to make themselves aware of any relevant audit infonngtion and lo ensure that Ihe company's and group'8 aLKlilors are awarè of that inlormation. Audltorn A re¥olutlon lo re-appnt Jarn05 Cowper Kreslon as Ihe charltat4e company's and group's auditors wll be proposed al the forthcoming Board ol Management meetirvJ. Thi8 report has been prppared in accordaru wllh the provisions of Part 15 of the Companies Act 2006, relating to 8mo11 enlilie¥. sign on beham of the 8oerd of Dat8d'. Dlract 025
Reading Y.M.C.A. IndOntAIN1to1s. R•portto th• M•mrn of RHdlng Y.KCA for the year ended 31 March 2025 Oplnlon W8 have audited the financial statwnents of Readkng Y.M.CA {Ihè 'a$8ociatK)n') ft)r the year ended 318t Marth 2025 which compris8 income and expenditure xcourt, balance Sheet. statement of changes in res8rv8s, cash flow 8tatemenl. and notes lo the finorKial statements, induth.ng significant accounting wlioes. The finCial reportirwJ framework thal has been ap10 in their preparation is applicable Lgw and United Kingdom ACCOting Standards, 5ncluding Financi8J Reporting Standard 102 The FinwKld Reporting Siandard applble in tha UK 8nd Republic of Ireland (Urlted Kingdom Gener Accgpt•d Ae£ountl¥J Praetth). In our oplnlon flnanual statements: Giv8 8 trLte and fair view olthe state of the Cparf¥ affalrn as at 31 March 2025 and the Incomé and expgnditwe for the year than ended,. Have been kyoporly prepared In acCrdanCe ryth Unll8d 00M Generalty Actsptthj Accounting Practice,. and Have bèan prtyar8d in accdance V•ith tr fewirements of thg Compari•s Act 2006. the Housing and Regenerafjon Act 2008 arnl the Accountl tlrection for prlvate r8gi8ter8d providers Lrf 8oGial housing in England 2022. Ba$ for oplnlon We conducted our audrt In accordancè Internat Stsnd•rds on Athlltlng (UK) IISA8 (UK)) and Appliuble law. Our re$pon8ibilrties under those stsnd¥ds are furttrr desuibed in the wdit¢Y responsibilities for tt)e audrt of the fin8ncial statements seth'on of our réport. We are indepondent of the asBociation In accordanc• wth the ethical requirements that arè relevant to ¢)ur audit of the ffinart481 stslements in thg UK, Including the FRC'S Ethical Standard, and we have fuffilled our other ethlc81 respon#1.11.0& in accordance Wilh th880 rewirementj. We believe that the aud evldence we havt obtwn•d 1$ sufficiont and apprcyiale lo provide a b8s1s for our op'nion. Con¢lu•l0 r•latlng 10 golng concern In audlting the flnanclal slalemenls. we have Conclud thal the Board of Management'$ of th• golrwJ concem ba818 of accounting in the prepaTab"on ol the financial $talemenls 18 8Fpropriale. 8osed on Ihe +rk have perfomed, wè ha¥• not Identified any material uncertèinlies relating to events or condllions that, individually or colkntively. may cast signrfinI doubl on Ihe company'5 ability lo continue as 8 going con¢&m for a periad ol at least ts¥elve months from when the financia statements are authorised for issuè. Our re$ponsibilltle8 and the reSpSIbIlbo$ ofthè Bo•rd of MaMgemert lIh respectto su)irwJ ncern are described In tho r8lavanl sactions of thls report. Othor lrforniatlon The other infom)ation comprises the informal Ideli annual rèport4. (ther lh the financial statements and our auditol8 report thereon. The director5 8r8 responsib for other infomialfion contsined within the annual report4. Our oplnlon on the financial 8tatemenl# doos not cc¥ver Ihe other InfomatTron WKI, except to the extent otherwise gxplicltsy stated in our report. we do not èxpre55 ony fotm of as$Lra7ce ndUs1O Iherecffl. Our rosponslbS1ity is lo read th8 other information aNI. in doing so, c0nsidervhther otrr inlomalion 18 materially Inconsistentwith the financial ststements or our knOedge obtained in the c4Jursa of the auit, (ff olhervi8e apwrs to bè materlalty misstated. Ifwa identify sh matefial Inconsistencies or apparènt material mi551atements, we are required to deterrnine whethgr this gives rise to a mat•ri mis8lalement fmancial statements themselves. If. based on the wiwk we have p8rfomi•d. we conclud• th#i there is a material missL*mnl (rfthis ollw infcKmatbn, are requlred to report that fact We have nothing to report in this r•gwd. Pa9è 9
Reading Y.M.C.A. I•Pond•n1 Aud1, R•port ttsthe IAernborn of RMdlng Y.ILCA. Oplnlon on oth•r matters prvd¢th•d by tho CompAnt•s Act 2fA)6 In tyjr opin. based on the wort urklertakon th• r$e offv the infOa.0n given in the Board ofmanagements, rer<¥tfor the financil yearfor %tKh fmnd81 ststsments are prepared 18 conslst•nl thE financial statsments. and the Board ofManag6nnts' report has been in wdh 4Flicabl• ltyal Tr]uiremÈnts. M•tter¥ on whkh w• •r• r•qutnd to r•port by •xc•pl lft Iwjhl ofthe knovA8dp and ur#Y•rstsrrflr& Of cryany arKI en¥nnnwnl otl•kned kn the coun8 ol the Ijrt. we ha not thnthl any mats1 rnMtstnts li the Board ol Managefrnts' rnpDrL have nolhlThJ lo report in Thpedoltr lolrMThJ mthrs 1 r8111K kn thich the 2LTh requlre8 u$ lo rwrt lo yw rf, in our opinion.. adequate 8¢counts"ng r8COTd8 have not been ktyl.. or • retums adequate lur our audit hava not tn recewl ftom branclw not by UJ,. or flnanual stalernents are nol in agmenI th th8 accountrg rerthds and remi.. or certaln éisdosums ofdirèctors, rwnunerntiM 8PK4fij ty kqw 8rg not m8d8', LV • havg not red 411 th• knfomial>n and expkgnatiorA rtrwlre for our I.. ( the Board of Man8gernenl werv not onbded to take a(fvantag8 of the 8rnall ln$, èxenytion fr¢yn the mquirem•nl to pfeparè a Str•ttyK Rwrt or in prnpw tho Bogrd of MonageThnf• report. In additign, wo have n¢thing lo rep¢rt kn r•sKd of l(knry rnatswhere IM Houslr4 And R•pnornlion Act fuIreS ui lo rvport to you I, in ouropinl)n'. a 88tt61a¢tory $y$twn ofeorrtrol owr traMacOoff& h# Tr)t moYrtaird ty tr cowwny. R•ipon•lbllltlws of th• Board ol Man•genY4nl As explained morn lulty in Ihe Bo•rd of M4nag•nnt's sts1¢Thn¢ sel oulon page 8, the Board of ManagenI are rt8ponsible for the preparat)n of the finarti 818tem8nts Ind lor lThJ sats'sfied that gwe true and lair V, and lor such intEmal conlrd a¥ the Board ol Managemenl dete1 Is necessary to engbbg the pparaOn ol financial ststements th81 ore Iree Irom materid misstskments whether due lo fravd oi error. In prèparing thè fin8ndal stst•rrnnts, the Board of kl•nagvm8nt 4r¢ rewn8lbl8 for M8e68ing the compan1$ abllty lo c¢ntinu• as going concem, disdcBing, o¥ 8pplicablo. m•ttern related lo goiNJ conr and uslng the going ba$L8 of 8¢countrng Un the Board ofmanagemenl emher kntend to Iv4uidil• compwy orto Ce8 0$, or ha w realth"¢ alemativo but to do . Audftm, rnspomlbllltkn for th• •utht ofth• flnIneI stst•m•nl¥ Our obje¢trves are to obtaln reasonable ouwance abo thè fina11 stslemer)ts a8 a whole are free from m•lerio1 mi8Statemenl, vttlher due to frwd or error, arKI to igsue an AlitOrS. report that includes our opinion. Reawnablg assurance is 8 high level of asswarKe. bLrt 18 a guarantee that an audrt conductod In occordancè wlth ISA8 {UKI ah¥ays detect a material mis5tatemenl it exbsts. Mi65tatements can 8ri58 from traud or error and are consld8red materia rf, iThlrildualy or in the aggregats, they could reason8bly b8 èxpected to infiuenc& the economk derion5 of user¥ taken Ll) the basil ofthèsè finKi•l Jtatemenl8. Because of the inhèrent liThwbti0 of an audil. there 18 a risk that w& ill rnt d•t•¢t all Irre9artbaS. indlrding th089 18oding lo a malerfal misslatemerrt in the financ4al ststemerrts or nortrcLvnpliance wth regulation. ThL8 risk increas85 the more that compliancewth a IwNor regulabon is removedfrom the events aThJ transactions reflected in the finala1 $tatements, as we VAI be Ikety to b•come ware of instwKes of 1c[1bpl18nce. Th6 rtsk is alxi grealer regardlng irre9arlIleS (C1n9 due to fraud rnlhèr than error. a5 fraud in¥0e$ Intenti1 Concealmt, forgery. cL4won. OmissiL iy misrepre8entatiNL Page10
Reading Y.M.C.A. knd• nd•ntAudltorn' R to th• Mombws of Readln Y.ILCA The spedffc prctaduw for ttus enga11 ttwt VR d8sigrd and pthned to detect maleTial misstatements in respect ol irregulorthe8. Ind11ng frwd, le as fdkA¥s'. Enquiry ofmanagement and tha[d vthh govern wound actLo1 wd potential litlgation ar c1M5. Enquiry ol management and those charg8d vthh gpvemm to identsfy any malerlal instances of non. compliance with laws and regulations; Reviewng ffinancia statem6rt di5doswM and testing to 8i¥wbng docutatIOn to a8se$8 compliance YAth applicable laws and regulati5,. Perfoming audbt to ad(tres8 ts rlsk of IrrelarItI8s du• to man8g8ment override of controls, Indudlng lesllng of joumal entngs and other adjustments for appropriatèness. evaluab'ng tha business rationalè of slgnfficant Iransths I)UtsK rthnal oxne of t•Air8s 8rKA reviing accountsng e8tlmatès lor èvidence of biti$. Afurtherd08crlptlon olour r811Y11l1el forthe alit01 financkql slatement818 Ictat•d on the Financial Reportbng Councll'8 wb8he at.. wth¥.frc.org.LWwJditor8re8pon¥ibilths. Thbs d&6criptlon fonns part of ow Auditorfs report. U¥• olour rnport Thls report 18 mad? Jd•ty to the ¢ompanl¥ rnemborn, •s a body. In dInce with Chapter 3 of PpJ1 16 of the Companle8 Act 2008 and section 137 01 the Housing and R•generation Act 2008. Our audit work has been undort8ken 80 that we mlghl $18te to the cornpanY8 membèrs those mattor8 wa aro re¢wlred to stslè to Ih?m in an Auditor#' report and for no other purpose. To the lullest extent permitted by law, we do not accept or assume re8pon8Ibility lo anyonè oth•r than company and the company's members 88 a body, for our al11 wTr*, for Ihl8 report, or for the opinions we hava forrned. Pe Alexander Pèal BSclHon51 FCA DChA ISenKJi Stslutory AudNorl For and on behall ol James CNper Krèalon Audil ststutory Auditor and Chared Acwjntants Groenham Busineu P 2 CornMunItiQnl Roed Newbury RG19 &4B 16 Dmber 2025 Date............ Page11
Reading Y.M.C.A. Incom• •nd •xpendlluv• atcovnt for th• *T •nd•d 31 March 2025 Y••r ondod 31 Varch 2026 Y••r ended 31 March 2024 Turnov•r 1,104927 1.121,621 Opernlng ¢osts 11,0S7,0731 (1.014,8971 Op•r•tSw surplu• 37.804 106.924 IMere8t roc•ivabl• 1,105 1,447 Surplus for the year 39,659 108.371 Totsl compr•h•nsh• In¢m for th• y••r 39,669 108,371 All amount5 reLqte to continLlng ac. Inujrne edIre ant indth all r•wrls•J i) iIK• JBJr. The note8 on pages 17to 301onn part ofllMo finanda sthtennts Pa9è 12
Reading Y.M.C.A Bahn¢• Sheet •t31 Ilvch 2026 31 lu¢h 2025 31 2D24 Flx•d •suts Tangible ass•ls Hostel buildirvjs Other tangibb assets 12 13 1320.111 696,076 2,387.444 717.992 3,018,187 3,105,436 Current •ss•ts D6btor# Cash at bank in har 15 49.006 406.$92 42.503 381,637 454.597 424,140 Crodltorj: amounts lalllng du• wlthln on• y•ar 18 133,594) {67,5601 421,ODJ 356,580 Not current ass•ts Totsl 481•ts lesi cuTr•nl IliblW•s 3.437,190 3,462,016 Cr•dllors: amounts falung du• •ftor moT• than on• y• 17 11.924.326) {1,980,0581 D•llned bon•fft p•nsSon Ilablllty 23 (34,749) 143.5021 N•t asuts 1871,116 1,438,456 RKeThies Accumulated fvnd Re8tri¢ted fijnds Deslgnthl funds 18 19 20 731M12 406.824 339A79 875,434 422.144 340,878 1A78,115 1.438,456 P*Je13
Reading Y.M.CA Balanc• She•t IContlnu•d) al 31 #0h 2025 Signed on behalf of the Board of Ma Dick Dale.. 12 December 202 Th8 r on paw 1710 30 Page 14
Reading Y.M.C.A. lorth• y•arended J1 lknh 2125 AcGumulat•d R•strkl•d D•slgnat•d nd fund fund Tt)tsl At 1 Aprll 2023 067,124 42l175 1,330.086 Total comwehenslve incomo for the yew Tr•n8fer8 from restricted lurKIs Translers to d85ign81od funds 108,371 6.031 108,371 (8.031} {6.092) 6,092 At 31 Matth 1024 Ind 1 Aprll 2024 675M34 421144 340,878 1,438AH Totsl cornpr•h8n8lve (lossnCorne for tho year Tranafers from de81gn8led funds 54,979 (15.3201 39,659 1,399 11.3991 At 31 March 2026 731.812 4D6,824 339,479 1,478,116 The notu on po9&8 17 to 301m part olthese finanaal slatwnenis Pap 15
Reading Y.M.C.A. for th• year Ind 31 I1•h 2025 2026 2024 Cash flow from op•r•tlng a¢llvltl•s l$M below) 25,003 137,981 Cash IkNI Irom Invesllng *¢tfvltl Payments to acqLire fixed assets 534 Cash fl¢)w tknm flnanclng •ctl¥ltl•s l_oan repayments (9,6381 N•t Incr¢•s• In cmh Ind Cuh •qulv•l•nts 21986 127,809 C•8h and cash •quJval•nts brought lonnrd 381,637 253,828 Cuh and cash equlval•nts urf•d for¥A 406,693 381,837 C48h and GaSh •qulvalents con8i¥ts of: Cash al bank and In hand 405,593 381.637 Reconallalion oflkn88y8urp1 for the yearto rash from opetab'ng aCtIti ILoJsllsurplu8 lor the year Doprgdats'on ol fixed a68el• Releas• of gronl credrtor Decreastllincreasel in debtorn In¢roas•ldecrea801 In credit Incre88elldècr••sel in defimd b¢n•fft penstcffi N•t cuh from op•r•llng •GllvlllM 39,659 90,296 108,371 92,604 (66,7321 16,6011 133.9161 155,7321 28,744 10.348 25,003 137.981 Page 16
Reading Y.M.C.A. Notss formtny pthof th• fimnew $t•teffl•nts for tho yearerykd 31 2025 1 General Inforniatlon Reodiry Y.M.CA is • registered thaiity, fAxrpany Imit•a by guarantee and rryistered pmwder the Homes and CommuThty AgerKy, inc¢xp¢rated in EnglaTrJ and Wakrys. The chanty'8 reg18tered office and prinap81 pl of bUs1r i8 disclos infr¥mth pago at tho fre1 oflhe financi itatèmèrts. Th6 prinwgl ol Ihe Cha ts lo assffjl local tAxrMnunty arKI tsansforn the INeJ ofyoung people. 2 Atctyjntlng pollcl•A AccounJng conven The oGMunts have been prepar•d in accordanee with w41cat48 #ccounling Standards Includlng Finandal ReporfNJ Stsndard 102 Tho Financial Rep¢rtin9 Stsndard applic4bkn in lh8 UK and RepuNic Df IreIar IFRS 1021, the Statémènt of Roconynended PraciKè for Soci81 HoLLsing Prwdors 2018 8nd Iwlh tho Accounting Direclon for private rtgislered W1)va of soual hold in 2022. 8c¢ounts 4r• py8red in 4cCordan with the hi81Drical co81 ba81s of accoLfftt"NJ. Thè company constitute& a pubk t•noft ently ai defftd by FRS 102. Functional andpronI8tr wfferrty Thè Comp$nl$fvnct¥)nal and prewnlabcnal wThency * GBP. rourylfjd lo the nearest pour. Comp8ny8lalus Tha comp8ny Is kn)ited by guargnt••. Thè mèmb¢0 ofthe crmnpany are directors. In the event oflhe conyany being wtyJr¥J up. the knabillty kn re$p8Ct ol th8 guaranlee r4 &mited 10 £1 per mèmter. Go9 conc8m The Board of Managettl hAVe consijered finarKaal posknn ol the company and. based on financial Iof•c8th, consider the going ¢LC•M IrI to be 4)pN)pn. Fggs roc8Nable Feel recAivable for thè ptoviion of accothI ar#J related amenils. fees and grants Ifom k)G aulhoth 8nd the Tenant Semces {fom*rty the H(wr¥j Cup)rnlh)nl arn acMunt8d for in the period to whKh they rg111•. Inveslments Investments gYOUP uTrJertakings are stated atc6sL pro¥tOr dwninulion In value. Page 17
Reading Y.M.C.A. Motrl form19 part ofth• fimnclal ststrments f¢)r th• y•ar 31 March 2025 IC¢Jntknu•d) Accounllng pollcles (Confind) Depreciabon of fved aSS Tongiblg assets are Bts18d at C051 $S accumuLated depreuation. Depreuab'on prOd•d ¢M all tsroible fixed assets so as to off anlh¥•knY Lmeftl Irrfs foll¢y•Ang annual rates ¢n a $tralgh14ine basi6'. Frqehold bulldi General equiprnenl Motor vehides Furniturè eqiupment 2% pèr 8MUm 12.5% per annL 25% per 125% per enThJm The carrylrKJ value8 oftsn9iblo 8ssets are rebryvAd for Nryairment in peric#Js Ilevants or changes in cir¢urnstanw indlcal• the rryIng valw nk8y not be rec•wrabkn. Debtors Trade and Dther debtors are rect>anknd atthe s•llknnl amount after any tratk dixouNI offernd. Prepayments are recogrNsed al the amount wepaid any discount offwed. Cr8dth 9ndprolonS Credltors and Pro810n5 are rettgnis&J whèr• Ihe rnpanY hJs 8 prn6enl )ation r•suliwg frorn a past event that will WDbabty in the transfer ol funds to 8 third paty and the p4nount due to satue the Obligation can be measured or eslimate(I r81iabty. Credrtors wowsb)ns are nomally We19n1$¢d at their 8oWerneni amount arter auowing for any trade discounts d. Cash 81 bank Ivnd in hand Cash al bank and in hand indude$ $h and short term hahlY Iv4UKS investhnts wth a short rnaturtty ol Ihrne Mont or frun the dalo olacqurirfl)n or cpniffj of the d¢po$rtor8mik9r4cLount. grnnl (SHG) and LtrcoWgwls The SHG and the grant receNed from Offic• ofthe Dgputy Prirrn Mvist•r IOt)PMI are capw grants recived trmfjrds the rml otacquMThJ ardor bu1r ddonal propeitm. The SHG li repayable ¥bJefinrtety unleu fomi4y ab•ted orwafv&l il Gan bg recycled followng c•rt•in relevant 8vents. Caytsl gyants are reo)giwsod w a liabty ar anYA11d obw the u80IJl econrynic Ifo ofth• wlated assèt Restsicted funds Restricted funds, whose use is 5p8crfied by Iha donor, arè credrted to irKc¥ne in the year in which they are receNed. Where amounts are not ¥peciThcaly ¥gainsl expènditure in that wr, the bdance is ferred and &lded to the ball br¢ughlforwwd Trstthd fund to be used in fuluR yea. Pag&18
Reading Y.M.C.A. Notes forniln9 Part ofth• fin•rKlal Ststsments for th• ymf ended 31 IAar¢h 2025 Iconlknwdl Accounlng pol1cl (conthiuedj Donalion8, b•qutS and (Ilhgrrncewts Lknn8knn5 aTrJ beq are acOWn for on a ie¢wts bmn. Income eamed fmm d8sffgn&tedfvnds Inm eJrned frn de8ignalod furth is cndned to ts ac¢umulated and is availabb lorynoTal usè. De8ignaled funds tkBignatthl funds ar• fuThJ8 for porf[rlI[ use ty tho diredorn. The cornpany lunth to o rnai r•paIrnd to eo¥qrluturn major r•pwr eypenditUTe on howing prOreN. PonSk eosts Rèading Y.M.C.A. participated in o nwJ1b.weWoYfrr defined benefil n8)n Flan foi employ•fr8 of YMCAS In Engl4nd, Scolland and Wares, which was dosed to new membef8 and accNals on 30 th'12007. Due lo insuffici¢nl inlonnabon. the pian i actuary 8dvvJ•d that rt Is nel F4)SSlt4e lo 5oparatdy hlenlify the ass8ts and li8bllrties rnlaling lo Readin9 Y.M.C.A. As descrfbed In note 23, Re&Jing Y.M.C.A. h88 a contract1 ¢ligathon lo mak• penilon dèfial payment8 over the Feriod lo 202712024.. 20271. ¥)xrtlingty is shown •$ • 18blity in Iheie arx0th. Reading Y.M.C.k also Contule8 lo a stak8h&Jèr FensM sthme erryh)yees. ContrUttonS 10 th scheme are char9ed to tho incom eJyndilyr• 1 In the year in whh becom poyable. The assets of Ihe scheme ave held separatyfmm those of IheAssocth' n in an indepen(SenUy administered fund. Judg•m•nts In •pptylng •¢¢ounthg polclm •Trd kny ¥owces o1•stkTh•Jon •Ilty The weparation of Ih8 finandal ¥tatemeTrts requires the board lo make judgements. 6stimate$ tynd assumptr)n8 that affect the amounts r8POrt8d for ass•ts aTrJ liabilities •s 8t the balance sheet data and •mounts report•d for income 8nd eyn5eo during year. However, Iho natur• of &stim8Jon Mn$ trot actual outCc5 coukl differ from thosè estimates. The 10knn9 judgnts gfjd estwnale3 havo had th8 moot gnnleAnt effed on amwnls re¢¢griud in the fmarKsal 8t8ments. Tanglbl• Ilxod Tanglble fixed auets are depr8uatsd th8ir taking th account reg*Jual vahjes. whero ¥)prowiate. The INe8 ofthe assets and ru¥Jual may vary on a number olfactNs. Allocltlon of •xp•ndtur• there exp8nditur• Is not directy altribLrtable to aclmty categories, costs ar8 apportioned based (m an 85tim8te ol the time 9penl èach 8dNity or by referen b) the proporbon ofrosourc4s utiliwj. Page 19
Reading Y.M.C.A. Not fnth9 part ofth• financ1 5tslem•nts for1h• y•ar •nd•d 31 IA•rch 2025 ICDntknuwdl 4 Tumov•r. op•rntlrq costs and sur{d•111) Y••r•ndod 31 M1h 2025 Operntlng Tr•nsfvr¥ $urplusl b•twMn (dèllc funds Net surplu81 {deficltl Owrntlng ¢1$ Turn0r Income and Èxpendrtw from houslng 786,210 (T4714) 67N96 57,496 Communty 279,023 1300,139} 121.118) 121,116) Sèa Scou and W¢otss centro 39,894 138,2201 1h74 1N74 T>t•l 11,067,073) 37,804 37,864 Year •nd•d 31 IA•rth 2024 Oyrnllng surplusl Ideflcbll Tr•n8fern betwe•n fund5 N•t surplusl Idoflcltl Oyratlng osts Nole Turnover Income and expenditure from housing 781,394 1626.912) 134,482 134,482 Community 323.685 1343.8081 (19,923) {19,923) Sea Scouts and Wnycotes centre 144.177) (7,6351 17.6351 Tot•1 Tumover k8 tholy attrknthkg to thè aLlr¥#M oftr* YMCA aNI arisos sdety frcffl within th8 Unitt4J Klngdom. P4e 20
Reading Y.M.C.A. Notss lonnlng part oftho firnnGl•l sl•kn*nts forth• •ndod 31 M•r¢h 2026 IContlnu•dl Partl¢uhn of In¢omo and •xp•ndltsr• Irom h04Mlng xthiti YMr•nd•d 31 Il•r¢h 2025 Y•v end•d 31 March 2025 Yr end•d 31 Mirch 2024 Y•ir ended 31 Mirth 2024 In¢om• from lettln Rent receNiabb not of kkntifiatle lerA charges SeNice chafges recelv4ble 508,032 461.053 33,987 Gro•• rents r•c•lv•bl• 558,632 495.040 VO10$181 (57,091> Il•t rtnts M¢olvabl• 615.123 437,949 Supporting pec$48 qr8nt 271,087 269.250 271,087 269,250 Don81ion6 and 9rants rec•iv8d 54.195 Totsl In¢om• Ir•m l•llln 788,210 781.394 Exp•ndltur• on ho18 aetlvfll Managemènl eypenses and 5t8ff c(4ts Routine maintenar Ho8181 dtrprwation Other dired eYTrJir• Sinking f 494.470 91411 67W3 74500 460,130 66,215 12,125 80,850 7.592 Tolal •xp•ndltur• on houslng •cIMU•B C128.7141 (628,9121 Operallng surplus on ttlng athS11 134,482 Ptye 21
Reading Y.M.CA. Hotrs fomkng p•rl alth• 4tstsm•nts for th• y•ar •nd•d 31 Muth 2025 {clIn) Cornmunlty Ye•r•nd•d 31 March 2026 Y•ir end•d 31 Mirch 2025 Y•ar •nd•d 31 IAarch 2024 Y•ar ended 31 Plarch 2024 Inc( Inecry from actiwlie8 Grants & donatlon$ ExtèmJl ttIng1 13717 10<136 37.871 127,048 154.500 42,137 279,023 323,885 Expondlt manMent e>pen8tt and slaff c Other direct CNIS 123,618 17621 123,718 219,890 {300,1391 {343,6081 Deflclt on Comrnunlty 121,1161 119,9231 S•• S¢outs and Whycvt•i c•ntr• Y•ar •nd•d 31 M•rc 2021 Y••r gnd•d 31 ltsrch 2024 Incijrne 39,694 36,542 ExperKliture 138.2201 (44.1771 Surpluslld•lklt) on S•• S¢oul Wwhy¢0t•l centr• 1,474 (7,6351 The Inccffle afvj wondilw •bo¥e Te5th IlttvarvJs sethorA trr$L* arlnts, Pl Ihe Group Accounts ofthe 1 Re8dThJ YMCA Sea Group. Pap 22
Reading Y.M.CA. Notrs fonnlng part ofth• hln•n¢thl ststsmonts forthe y¢•r end¢d 31 ltsrch 2025 {Conlknu•dl Surplui on ordlniry •dvld•s Yr end•d 31 Ilarch 2026 Y•ar •ndod 31 M•r¢h 2024 The Idefiiity5uWs on ordinary acb¥its 1$ 8laled aft•r tharyi¥J.' AudrtOTS' remunerntl¢)n DepreuJtsn offixed asséts 9,600 9.100 90.296 92,804 Dlr•¢torn' •molum•rrt• dk•ctorn •rn defimd al the Board ofmwemrt thè CIMof Executr48 ar•J any olhor rson reportlng dY8¢Yy to the Chiof Exe¢ubi& or th'• lo th• Board 08e totsl •molurnents exceed £60.000 per year. Th• Bo•rd reCed no émolmbents •nd therg wern no 6mpbal wfrosè total 8moluments exce&aed £80,CU) in fjrtr h cwrenl year CK priory6ar. 1fj Stsff Y••r ended 31 March 2025 Y•ir •nd•d 31 r¢h 2024 Staff c¢$ts indude tho follthwNJ'. Wages and sal8ri Social security costs Oiher pension ¢o$ts 463,407 37.829 12.626 436,997 35.067 10,983 The average monthly numter ofpernons empw by theknou')JDn durkn9 th6 y•ar exprvslod ai futime equival•nts w48 a8 T¥3.. Y•ir •nd•d 31 March 2026 Numbor Y•ar •ndod 31 M•r¢h 2024 Numb•r Care Adminlslrntion 17 Durfng the yeareynws of£nl12024- £nl wern to mthr5 ofts Boatd of Man8gemenL No Fenslon8 wem pakl to any cu•1 or fomier membw5 (lthe Board ofMan•gemenl during the cvrrenl year or priory9ar. Pen&on r)nln"butwJns of £1.58212024.' £1.371} paNJ on beha01 lh6 Chkfjl Executive this year. Key rnanagernenl pewnnel of the company c¢ryiises ofthg Board 0fmanageI togethèr with the Chief Execthè, General Manager arvj 8ookngs aTrJ Pthini%trabon M8na9er8r#J Prtrsthool mgngger. Thg total •mpbymenl b8nefiL%, irKluding employer pensNJn 8rHI natnal inSUTanc• contr*uL#)n& of the key managèment ppTronnel were £1n,202(24.. È130,803). Page 23
Reading Y.M.CA. Note• fornilng mofthe fin•nd•l st•tsm•nts forth• y•ar•ndod 31 IAuch 2025 Iconthuèdl 11 Tax on surp on ordln•ry acllvllles In ol the ABSQU'alM'5 chant>fe stat% kblty b UK cwatKrfi tsx arw on any surpkts for tho year12024- £nlll. 12 Tanglbh fixed •ss¢ts- Hostsl ldIN Company Colt Al l 2024 3.375.465 At 31 March 2025 3.375,465 Deprection Al 1 April 2024 Charye f¢r Il yfrar 988,021 67.333 Al 31 Match 2025 1,055,354 Nel book value Al 31 March 2025 2,320,111 At 31 March 2024 2,387.4144 Page 24
Reading Y.M.CA. Notss lomlng 01th¢ flnind•l stat•m•nts lorth• y•ar•nd•d 31 Muth 2025 {Con11ndI 13 Tingble fixed a8Mts- Oth Frn•hold bulldlngs General •qulpmwn¢ Padworth Cabln At1 Nprfl 2024 Addttsons Disposa15 315,448 38,399 1.047 372,767 At 31 March 2025 315,H6 39.446 372,787 Deprn¢lal Al 1 Pwl 2024 Charge foryear Disp$ 158,978 8,309 38.399 159 79,223 8,746 Al 31 March 2025 163,285 38.558 85,969 Nelbook vglue At 31 March 2Q25 152.161 286.798 Ai 31 M8r¢h 2024 158,470 293,544 Furnlluve •quipffl•nt Scouts Whycoie8 C•ntr• At 1 April 2024 Addition8 SP08als 34,789 349,286 1,110.667 1,047 Al 31 March 2Q25 34.769 349286 Dgpwialion At 1 2024 Charge foryear Disposals 26,790 2.763 91.287 6.986 392.676 21963 29,553 98273 416,638 At 31 March 2025 Netbook vah 31 M8rc 2025 896,076 At 31 Marth 2024 717.992 Pa9p 25
Reading Y.M.CA. Notss fornn9 part ofth• Ilmnthl stAtsnwnts for th• rnded 31 Mar¢h 2026 (Conl1ndI 14 Flx•d as$•t Inv•stm•nts Company Shares In group und•rt*klngs At l April 2024 and 31 Marth 2025 15 Dobtors 2026 2024 Othor debtors PrepaYts und accvued inco 41,338 7,669 7,289 35,214 49.006 42.503 16 Credltors: 4mounts falling due wllhln ¢n• yur 2026 2024 Tr•dci ¢r•drtrws TaxalioTr and 8o¢Aal 6ecunty co Accruals ar deferr•J 8.189 14,905 10,600 24,915 10.970 31.675 33,694 67,560 Pap 26
Reading Y.M.CA. Not•s fornilng pth of th• fln•ncl•l stst•ments forthe yr ended 31 March 2025 Iconllnwdl 17 Crgdltorn: amounts 14llng du• •ftsr mor• th•n y•ar 2026 2024 (>ants 1,924,328 1,980,058 1,924,326 1,980,058 18 Re40Th AccumulAi•d Fund At1 April 2024 Surplu5 for the year Transfer8 frLNn de$qnaied fvndl 675.434 54.979 1,399 At 31 Morch 2026 731,812 Page 27
Reading Y.M.C.A. XotK fonThlng of th• Ilnanclal st•kn•nts for th• YrèndId 31 r¢h 2026 Icontlnuedl 19 R•sem8- R••trlcted fundi Nurn•ry Fund SYMCA Fund J Hought Workshop Fund Wl8on Fund At 1 April 2024 Income Expen¥es Depreeiab¢)n 21,444 165,000 2.221 4,352 20,000 {1,$881 At Jl Ilarch 2026 1556 166,000 2,221 4,362 20.000 S¢outs C•ntr• Fund P•thworth Fund Tot•1 Ch•rly Gr•rt At l April 2024 Income Expenses Depreclation 115.405 93,722 422,144 40,334 {40,334 (15,3201 40.334 (40,3341 (6.986) 16.746) At 31 Mlrch 2028 108.419 86,976 406,824 Mr J Hcu9hton Award18 to be Ml in rnspect ofyoung peo work. SYMCA-Ihe fund represenls fund8 donat•J lor the puw ol estat4shing 4 spegfic play ScMe. SMuts thycotsl Cqntro fvnd rnprelents lunds domltd tr•rdb Ihe ofthe boat10. Thè txiathou8• now bg•n bull io the depreaation b¢ offul eath yw •Jatst tr1W. The Padworth ftmd mF¢¢i oflhe rebj Patrwylh ¢ii. Nutwylund h in reiF•dof lh• Oltr nun•ry. The Ktthihop fvnd to pm¥lde leaThdTrJ for youw pyknwdhwi the Th• lOn fund ki to PfDVKle knds in rwpfjcl ofyw pe('s w The Eart8y Chanty Grant fvJ was reNed yoarlortr• spwts certh roofpro. TIMI pi.eCt clo8el F4[manty a8 al th& morw BFontand work Pag• 28
Reading Y.M.CA. Notss Itwmlng ofth• fln•ncl•l ststern•nts for the yOAr ended 31 March 2025 Iconlinwll 20 ReMN•s- Dtslgnated lunds Mr M Brown Fund R•kknW IAaloT r•plr Fund Fund R••ld•nts Fund Cov1&19 Fd Al 1 Apn'l 2024 Incomè Exp8n8e8 Transfer 85.804 20,499 207,087 8.550 1.399 11,399) Al 31 Mirch 2026 86,804 207,087 8,650 Ilurwy Fund YMCA Fund Total Fund At 1 AP 2024 Income Expenses 3,297 4.418 9,824 340,878 (1,3991 At 31 MITch 2026 3.297 4,411 9,824 339.479 The Mr M Bruwn fvnd L8 in r¢sp8d of(kJnations to be used kn woth wlth young peoe. A service charge 1$ colled•d mKients for the Purp of wovidiNJ fuNls for fulure reparatiorts, t bolance ol a8cl ¢haiges not •xp•ndod are Ma repair (und. The surplus funds incoming in Ihe accumulated lund, Jess any unrealisèd gains. have ten 8lkJcated by Ihe eoard ol Man•gemenl io IheBe desgnabj luth io er4ur& aFpropw4kn use. 21 C•plt•l ¢ornrnltm•nts: ¢oth¢t•d fw but not pro¥ld•d kn thM• il*t•rn•nts Comp•ny 2026 2024 22 An11• of ¢h•ng•s In n•t debt At1 Awl 2024 C•¥h flo At31 Mar¢h 2026 Calh at bank and In h•n 381,637 23,956 405.693 Pag& 29
Reading Y.M.CA. Noies fomlng part of the fininclal ¥t•temènts 14r th• y•ar •nded 31 IA•rth 2025 (Cotsd) 23 Ponslons Reading Y.M.CA p&t'apat8d in a cortributory pomion plan INovithrvJ defined benefits b95ed on final P8nsKinable pay lor empbyees ofYMCK% in England. Scolland and Walas. The assots of Ihe YMCA PensK)n Plan are helj soparately Irom those ol Readirrfj Y.M.C.A and al the yearw8nd these were inve5tgd in the Mercer Dynarnic rithng Solubon, 65% malthing pothlo ar#J 35% in th8 groth porffic4kJ and SChrje1 IproFety unrts cY). The most recent Comp three year valuab.oll was as 411 May 2023. The assumptions u50d which have tha rnosl S19n¢•nI effect on the T8$ts of the vduation are th088 relth.ng to the assurned Trte8 of retum on assets ef4.56%. the incrèase in p8n8KJns in payment 013.18% (for RPI rAPFed al 5% p.a.), a¥•rge Ime •XF4Ctancy from normal retlrèmenl age10165} for a cuThonl male Fen8Ther of 21.5year8, f8m419 24.0 yearn. rJ.1 for a mab pe1¢, fem& 25.7 yearn. r'nry in 20 brn•. The rwutt ofthe ¥8411¢n showed that ts oclwi vahx olthe a88•ts wae £103.1m. whKh rwesenlèd 92% of the that had ar£4uèd to nmt4rn. The Pen8b)n Plan was lo merrern and futsjre seNi¢e IrU41 wlth effed froffl 30 Aprf 2LK)7. Vlth Ihe remtr4al o1th6 ul8ry fjnkw for t¢fits al thmpbyad deferred mernber5 t•came deforred memb•rn 08 1 May 2011. Tha prepaj # at l May 2023 shDwed th81 the YMCA PellOn Plan had a d¢ftit of£9.1 mlkn. Reading Y.M.C.A has been thised thal rt wil Med lo make montrty tribUtionS 01£1,082 Ircffi 1 May 2024. Thki InI 1$ based on the currvnl aCknan assuMptn$ lai cned abowdl and may vary in tho luluRJ gs rè8utt t4 •ctual pertOmbwnc• (4 the Pfrn$ Plon. Th cunenl rery Fertsj li 3 ye8Tr c4mm•nryry 1 May 2024. In #dJJtion, R•Ing Y.M.C.A. may hav• over tlm• liabl1 in tr event of thg non-payment by other participating YMCAS of their share ol the YMCA Pension Plan's defKrt11 16 not p05sibbe currenlty lo quanlty the potential amount th81 Reading Y.M.C.A may nged lo pay In the future. The A850ciats'on a150 operates defined contribution scheme which Y8 available lo al of its employees. Contribut)nG are chargad in the a¢counts as incuffed and there werè no outstanding or proposed centiibutsons 8$ al tha balance ¥heel dale. Totsl pgnsion costs ¢h8rged to1ho income arbj expenditurè account In Ihe year re £12.62612024 £10,9B31. 24 Contlnq•nt Il•bHIty R#adiryJ Y.IA.C.A had rne4N•d a HtyAkng Awiation Grant fr Thfj Houiing Corpora1ion {now 1he Tgnanl SeNlc•s AuthorKyl to rnaKrtaln M0rfboff H¢Juse prfcv lo its d&molth'on. Tlwg grant was traMfeTred to Re•Jin9 Y.M.C.A 1 2011. kn theevanl cl Reading Y.M.CA c895ing to prov housing attomrnodation this grant may be kble for rnpaYTrl. The vjfuo ol the granlwas £388.12P. 25 Legl8l•tre provlslons The As8oaation is a Register Landford regthted wih tr* T•nant Semcu Athhority IfomK8rfy the HousiThJ Corporation). The Assoathn r8 aso a rt11ty No 1140731.