2021-03-31-accounts

LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION, IINCORPORATEDI (THEI FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Company Registratlon No: 001S9933 Chariti08 Comml8sion No. 213513 Regulator of Social Hou8ln9 No. H2384

L￿CESTER YOUNG MEN'S CHRISTIAN ASSOEIAYION IINCORPORATED} (THE) FINANCIAL 8TATEMENfS YEAR ENDED 31 MARCH 2021 CONTENTS PAGE Mombers Oftt￿ Board ond wofesslonal ￿￿5￿r$ Merr>trth- of Board's report{in¢oTporating Slraleglc Report on pay85 J lo 17) IrJdL4pentlontAudltor's report 221024 Consolldated Income and Expenditurp. AGGounl and Slalemenl OF Co.mprelienslve Inrx)me 25 Coneolldaied and Assodatk)i) Balan¢6 Sh88ts cUhÈolldat￿ stliemenl of Chan9¥* in Re5erve5 A8sociolioii Slateinenl of Changes tn Reserve5 28 Consdldaied Stalejnent of Cash Flts¥ 29 Notes lo the flnancl?18lalerneTrts 30to50

Pag8 1 LEICESYER YOiING MEN'S CHRISTIAN ASSOCIATION IINColWRATEDI ITHEI MEMBERS OF THE 80ARD ANP PROFESSIONAL ADVISERS The member5 ofthe Br)ard Mr¥ K Haniyslon Mr P Hawkl Mr'f Mwre MT I Pearce Mrc f4oks Mr A Brannen Ms E Hollis Mrs R'fedstone-woods M5 E Ling PAS C Clrfton Mr D Glover Ms l.. C?L pell sFWDllg CompBny secr8tsry MrP Brown R¢g18torod offi¢9 7 East Stregt Le￿Ster LEI Auditor Forresler Boyd charL&ed AcGountants 26 South Sainl Mary's Gate Grimsby DN31 1LW

Page ?. LEICESTER YOUNG MEN>S CHRISTIAN ASSOCIATION IINCORPORAIFtsI ITHEI EMBERS OF THE BOARDIS REPORT (incorporating STRATEGIG REPORT) YEAR ENDED 31 MARCH 2021 INTrODUCTION The BDafd h¥vL¥ pILasiire tt*lr annu31 reporl. tog8tTrier Viilh the a(Idtted filia￿12] stateinants of Ihe group for thL ye8r ended 31 March ?.021. 1-hi5 rppDrl contains a DireGlors' F¢vport a6 reqiiiTed l)y company law. REFERENCE AND ADfkllN181RATIVE INFORMAfoN Regi$tsred n?mp Lelcester Yoiing Men's Chri5ti8n Assouation Ilncorporatod) cfhel Known a5 Lgic£ster YMCA (The Y} Charlty rBglstratlon niirnbor 213513 ompany roglstration number OThf liQQ33 Reuulator ot So¢lal Houslng nurnbpr H2381 Règistered OfflGE and maln addross 7 East Slre8l LeJce5teT. LE1 eE Auditor FoKresler Boyd Chartereé Accouniants. 26 South Saint Mwy'b Gale. Grimsby. ON31 1 LW Prln¢ipal bankers Hsfsc, 2-6 Gafowlrèe Gate, Le￿.￿ter. LEI IDA Investm811t advisor5 8rth¥in Ddphirl Umited, Waterfront House, 35 Slallon Stree( Nottinglwn: NG2 3DQ Board and Commitie6 Memb￿5 The ft4lowing persoi)s havg sewed The Y duting Ibe year- Ms K Hamyllon- Chair Mr P Hawkins- Vioe Chdlr Mr T Moore - Treasiirer Ms J Bllss Irellred U2112r20201 Mr C Uolas Mi R Bran￿￿Tr Mr M Cooney Irel1￿1 01mw20201 Ms k Holl Mrs R TedsiDne-Wouds M8 E Ling lapptslnted 12120201 M$ C Clifton lappoiDlÉxl 02112120201 Mr I Pearce lappointed 02112120201 fvlr D Glcwer lappo(nled 0211212020) Ms L Capell lappr)iDl¢d U211%20201 Ms F WoDg (C￿-Opl8d 02112J2020J Tk)6 lollowing ￿IreCtorS rp.liiffJ by iot31ion and being eliglble offer Ih8msdv86 for re-et8cES0n= Mr P Ha￿l￿nI MT C Bol85 and Mrs R Teds1O￿wO9￿$.

Pagè J LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPQRATEDI {THEI MEMYERS OF THE BOARD'S REPORT lincorporaling STRATEGIC REPL)RTI (conbnupd) YEAR ENDED 31 MARCH 2021 Qualifying thirrl party indemnlty insuranco Tho Assor.ia14￿ ha8 nied8 Iyialifyinq third-parly Irmlomnity F￿0Vs1Ons for Ihe benafit of Ilq board Ineni￿OrS during the ywar. Thvso pruvis￿)rns rernain in fotce al the rek￿irtg date. Sacr8tary'. Paul Brow) Managgment Team las at 31.3211: Pa(Il Brown Chief ExeGLLtive Dep(Ily Ghief ExècuknvelFinance thfector Dlre¢tOT of Accommoclat(on. Garo and SuppJil Business Devdopm8nl D]r￿lor Executive Asslstanl Purchaslllg and ProGureinentOfficer HR Mai)aoeT Supwt Sefvke Manager Principal Housli)g Olflcer Fur)drai5in9 8nd COnimun￿ath?liS Manager Thealre & Ev6nts' Myn3981 Prcpeily & Mainlei)ance Manager Y-supporl Manager H¢rStdgo PIDIECI Manager Registered Manuger Ichiklren's Honiel Hegionl Complex Neetls Co-Oi¢Jlnalor I'orn Lln ina Maud51ey Josfftt)a Floolwood-srnith Liztie Clark Vickr Corbell Andrea DpAcon Nu8la facey Loiii$e Potter Emma Knluhl M￿ha￿l HarrLs4118k81am Sean Langley Kate BeaLirnonl Jiiliet Martln fi¢helle Hlll FIan￿8h Delgnan

Page 4 LEICESTER YOUNG MENIS CHRISTIAN ASSOCIATION IINCORPORATEDI (THE) MEMBERS OF THE BOARDJS REPORT lincorpot711ng STRATEGIC REPORD (Lurrftyiuf4d) YEAR ENUEU 31 MARCH 2021 STRUCTUR& GOVERNANCE AND MANAGEMENT Lelcesler YMCA (The Yl Wos foLindRd in 18113. It is 2 charftable company Ilmilgd by giiarant88, incorporate& in 1919 and reg15tLred cliarily in 196f. The Assocolion wa* eslablislpd under 3 MerrLYandum nf Assoclalion which eSta￿L5h8d the oty"eGts and p￿ver¥ Df Absocialiori aiid Is governed ui)der ts Articles ofAssociation. In the. pvp.nl ol tlie A%soclalSon beiro wound up tnembers are 18quired lo conlribute an amDUllt not exwodirYJ £0.01 (one peiinyl. The Agsoolalon Is atso a Regk%lered Prowdei of Sock71 Flousing IRP). ThBrefore, the A550Gi3ibii's Awiints mu51 bo prepared ii) accorrlaiice wNb Housli)g legisl131ioii and Hniiqing Stst8rnenl of Recommend8cS practi￿ ISORPI which overrid@5 Iho reqvitorrkonls vf Ihe Charltles SORP. f Board enibers Board meinbers are. thè dlreclors of the AS5oGia￿On and are af50 Gharity Iru5t6es lor the puryjtsses of harity laiv, Under the requirements of tt)e memor•￿unl of K%sociqtion and Art￿lè5 of Assoualion Board rnernbers are 81èGled 10 58Ne orn the Board. A proporlion of BoBrd mernbeis retiTe at every Anniiel General 1nep.lkng {AGM) and are éllglbb lor ra-9￿clI0n. Due ID the nalure of the Associ&liJri, elected BoArd members musl sign a form of tffliinS¢meDI to the Iiilernation31 YMfA's Paris Llasis 3nd lo the British YMCA'"s Airns ai)d purposes. Tlibs efFee:r4ety meal)6 that eleoted FIo8rd members musl i￿ praclising CliristSans. In addition, th& B03rd rnay GO-OPt addllk)n81 direciors are not waGlising chr￿1[￿n5 but support the F.th05 Slale.Inent ol'fhe Y. B8cfLillinenl of Board mernbers is Ihrough sdveTti9ing in approprialo media IvuLrttrier with approaches to krK)wn iiiteresled Individlials. ConsideratK)n 1% given lo ac17ie¥e a Inix ol sklls amDAgst its Board m8Tnbers th81 i¥ill Goinplernenl individual dvpartmenls wllhin the A660¢ialioii. d Trainin Potenllal n8w Board Inèmber5 are given an Induclk)n pack wliich provtdes IiifoTm&lion on tho Assooiatioii's servlces. its constitution and liiianc.ial pjsition, together with their leg31 obllgalions. Potentia B￿rd members aio trien invlied lo n)eel exlslliig Board Irp4TbaTS anrf 8ulx8equ8nUy the ManageTh8nl I'aaiD, Tlie i1￿￿c￿oi7 process 5s t31k￿￿ to Individual needs. QJYani¥AUonA.S.tr.y￿4lI¢0 Tne Board meet quarteTly and is re$ponsiblefoT oveiseeing the stiategK dlrestion mahagement of IhE Assodalion. In addiliork, there is a Re60ur¢e ¢C>m￿lI188 {coveiMg Financ8. HR 2nd Asset Ma17agein8nt J maintsnar￿e which nie81 qbdrtertyl- The Clilef Exe¢iillve togelhervltth hls Dire¢t(yate and Man8garnenl Team ha5 day lo dBy ￿PsIx￿$1￿1lrty for the managernent and delivEry ul ser¢iceb.

Page S LEICESTER YOUNG MEN'S ¢HRISTIAN ASSOCIATION IINCORPORATED) ITHEI MEMBERS OF THE BOARD'8 REPORT Iln¢orporatlng STRATEGIC REPORD (C￿)lInued￿ YEAR ENDED 31 MARCH 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT (contsnii8d) Part 'riie Ai8or1atlon wwy owns Y LEisuie l.hniled whlch conslsls of the tradfftg aclivi1188 of the thztity. Tho princxpal aGtivIt￿$ uf Y Leisure are the provisk?n of a Lw. I'he pro bits of Y l.elsure are dl8ldbirted via gift 3Td to The Y. STRATEGIC REPORT fti5k Ma￿e￿ant Thè men)bers ol tthe have LOn51deT￿ the risks laced by Ihe Assoclallon arKI Group U)rough iisk an?Iy5i5 wAercise. Pollcy procedural iniFlemeIitat￿71 have taken pkno and d cr4tlCr41 analysi9 of the orsjanisatioii's maiiggeinenl strudure tton1plo￿d. Key risks and uncertaiiitie$ The A55'(oation have con51dered the key risks and uncert8inlips11 far£s over Iha comSng ygar a￿1 lia$ idenlifled tlie5e as.. Park House Ghildren'5 Home fa115 to Inairta￿ an Olsled standard of'GooQ' therelore Impactlnll n future 0￿Up8ncY and place1￿ent aull)orltYs confrdoiico in tho serv￿& Failuio to recruit and m31rilain suilabty qLialified slalf lo manage and dellverresldei)lial care sÈNlces Tkie outc<xne of the Glly Couiicil IL￿rI￿or process result5 in a hywer number of ccfflml?SK)ned beds than thè txganlyatbns submissloD A need to have an LIP kn dote and GQVID aware busimss conlinuily policy and plan Young peopfe do not lully engage In the in Ihp. Skrfls Lab Training oller Iheref(we nol mool£ig our comrnltmenl to ¢Thtinq real empk)ymeiil opporlunld@s In ttie thoal(e 6. Our cts1nm1lw￿t to reful￿sh the Ihealre 15 Trot realised due to a lack of surce.5sful fun(iing appFic8tiDns Theatre ele¢trlcal Infrèslru¢￿re faag to be ¢ornpliBnl resulting in the n88d for major Inv8strn81i1 Failiir8 lo Inve3t the wblL areas i¥￿h11] È"a6t Street therefore impacl%ig th IlILiatre sudiEn 8xperlence Tlie FX)lènlial rBed to wonfigure our Iiousing provision pending the outcoriiB of Ihe City Councll$ tender gxeiclse 10. Failure ts) miligale risks as idenlifwl in the bu5iThess risk reglst 1 l. Potènllal iinpaet on all sephces rf we havè a thlrd COVID-19 Lockdo¥m 12, sfLlne 2 laits lo be implemeh￿d ￿rUSS the 6 YMCA5 who have wbrassed Iiileresl In P3rlicipatlng 13. FallvTr. to meel NCVO and FnablirvJ Envirolin￿lS gt8ndard5 14. Tlie oroani5atiori fal& lo reLin Go¥np￿X ne8ds WOTkers due lo kck of fundlng Tesulllng In additional pressures Ilmpadiro on young people's niental h¥allh 1J. Lack of LYgaiii&illonal @xperb"se in digital rnarkelng snd lund1a￿lng 16. Day Cenlre Review msults in closure of Y Advlce Centre and FIR rxJnÈeyuoi)t6* lor slalf.

Pagp. 6 LEICESTER YOUNG MEN'S CHRISTIAN A8SOCIAT]O IINGORPORATEDI {THEI MEMBERS OF THE BOARD'S REPORT linBorporatlng STR4TEStC REPORTI (cnnbiiiied) YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT {ionllnuedl l<esidBntial Childrg11's Seryices Parf( House Is now in Ils Ihli'd yeaT of dellvery, having received an Otsted grading of GOOD In January 2020. Tli15 Wdy a Inajor siicoe$s for the oroariisallon as beiiig gradpd as Good ID our tirst year ol Irading reflerJ both di& Investin￿)1 and our comrnilnienl to the work. GiVLn the uiiprecedenled year since our otsted a6sessm8nl,11 niay te dlfftrctilt to keep Ihls grading. hov#ev£r every efFort will be madp lo not only niaintain th6 9rading of Good bul ir¥iprove it to Ouistww.ing. Ihe year ai80 %aw us m3intain our p05itiv8 relationship iwith L8lGcylerghirè Coui)ly Counc51, Nolb'iwhamsliire CoLinly Councll an¢ I.e￿eSter Lrty e4oiinr.il who have all pl£ced yOLiry p8opIB ill Park House. Theatre Th8 Theatre fe351bility Study versKm 2enab]ed Lks to locits 011 three key aieasof devdopment, Lighllng and elgetriral infraslrucbJr< a￿￿5 and washrwm I￿111185, hDiyovL due k) Ilie pandemlc, Ihe theatre closed al the en(J of MaT¢lI 202.0 and did nol trade in Ihp 20-21 financi81 yèar. We used th15 OPPOrtiJnlty lo devetop thr￿ di5tiTrcl maikebng IfLtnding wop08819 specifically aimed al- Th& I Ily Mayoi (Washroo facI￿lieS), Heritoge I,ollery IAcr.pssl, Arts Council IIEohling and eleGtr"Gal irFfra5trLicluicl. UnforlLinatdy, tho impattl on the arls seGtor witti a level ol i&nr.prtainly as lo th8 future ol li¥9 enterlaiiimanidKI not help (xir ask and allernative plans will need lo be ￿1￿hL Thé theatre dld ￿￿eVer m*e a s(iecessful applScalion to the Arts CDUnGII Cuttiir81 Rocovery Fun which enabled Iho oruani¥ation lo keep key Iheaire Staff omployel 18rKI brilge the g8p between GDF8 costs and Dr)o-exl8t2111 incorne. Housiny The Y has held th9 City CoQnC41 framvwor% agreement for younq F¢nple5' SUPPOrted acco￿mIXIatlon fai 7 yp.Af5. Over thls perlod the conlfact has been extended tlire(g Ilmes and has now beeii fuTlher extei)ded to September 2021. Not only 1.4 thi5 additional exleiisiDll a P05itive rèflEG140n on OUT GtsftUnu¥d 9001 work, bul il aL80 8llo)ws lo Iiave seciirity of iThcoine for Uip npxl fj monlhs and also positi¢H) oursetrffts 105 Ilw potemlial ietpndellro of Serv￿5. Over the year the biggosl Ghalleiige has baeii the faGI that we werLi dLialing with the pandemlc and lrylnq lo educat& the reyid8nls lo 8pp-.eciale social dis￿r￿ing and racogiiise coftlr31o early g0vpihhienlad￿¢e th81 Covkl 19 could becontacled by anyone notlust Ile elderly. Addit40nal key ch8llenuo8WLIL> the increase iii poor m8nlal health of our r8sklgnts and tho leck o rnove on opportunities Ip both se.rni a￿d Sndepèndenl livillg. Shlne The regional complex nppjjs woieGt (Shine) conipleted ils ￿111&12 yvar¥ of tollery fundli)g al￿ each ol Iha 6 YMGA r15 parl of the ortginal agreement exlpnd¢rl th8ir Shlne worker'5 conlraGI fDr an additirjnal 12 Thoiiths. A swcess applKation to the LoEtety arid Paiil Nam1￿7 Foiindation COVID-19 Ew8rggncy Fund enabled us io irhvesl in p5ythothetapy serV￿S and extend uur cornplex needs provlslon. Thls specific funding en3b￿d slalf to gain acldilK)nd skllks and undpistanijlng in Tr2urn8 Irbformed PraGIKe whlc.h bp.ttp.r pqiilpped ¥iem to addres5 50tno of the inc¥case5 In wsi¢enl's Inental wellbeing. bhinp also startecl wort aloiigslde YMCA Fmgtand and Wéles lo pDtenlially roll out Shin8 across the mvvernÈnl. Sports Ground LCFty relocalExI the malodty of th￿r loolballing aGlivitiBs ID Ihelr new Iraliilng facl11ty iii 13eagi.ave durlng Ilie year whicl) tsiily left behlnd Ihftlr vmmen's team al Belvoir Drive. There 1185 bcon nr) indi¢aiK)Ti of theSrlnEeiilDns In relation to theirlease of IhL ￿¢¥ ille main witsacl ha$ 3(> years12ft lo run. It És no secret Ihal glven Ilie OPPQTluiilly we iKould to use the foi. widenllal development bul uiilil we huye Llarity trum Ilie Cliib as to thelr lonq..teirn inlpiiknon.4 wei¥il! pul these ptans on hDId.

P8ge'l LEICESTER YQUNG MEN'S CHRI3T]AN ASSQCIATION IINCORPORATEDI {THEI MEMBERS OF THE BOARD'S AEPORT Ilncc¢rporatSng STRATEGIC REPORTI (conbnLI8( YÈAR ENDED 31 MARGFI 2021 STRATEGIG REPORT <contlnuedl Fuiidraislng As one can irn8gine, gfven the year wt hod fiinL1mlslng wa& * rrialor chBllwg&. The pandeinic coMp￿telY wioie olE anyoppoiilinily ID generate ILirKls through even15 and artlvilles, therefore the team develop8d a 51rdlegy which focussed on cortxjrale dDnation6, indAildual uiving, d￿lIa1 f￿1)d1'aISIng gn 81￿80r$hIp. The yp.ar also sew the markets.ng and fui#lrd151ryJ lesm 51art the process of developing a phiL%nlhropy grwp and exploring legacles. Y Support Pro]ecl Due lo the qovemments'Every Bc(ly In, Initiative tho Dawn Cenlr£ was re profiled to be accominojalion unly Bnd Such Ihg day centre Iv88 Idocalèd to an ASleriialive sl)ared lempoiary crty cenlre locallon. Due. to this the service operoted on a reiluced basis and a¢¢oss fimited tD IhD58 most in need. Hoivever. servlce conb.nuod to me21 the needs of the rnost vulnerab￿. ?nsurlnq that essential a¢￿sS to h¢3llh and hovsing siippo¢ food and advt¢e was MainlaiiifX1. UASC Similar to our SilPF￿l0d housing contiaGL the UASC contract wa5 p.xlpNled unltl the end of Seplen) 20212nd will b8 recommissionèd lolnlly by both Hovsi119 and ChikI￿n aixl Youiig PLaop1è5 Services. Over Ihe year, we continued to provide stablllty and Sttcurity for v8ry vulnerable young people who have had cliallongirig axperiencE5. One ol Dur biggest cliallengpx w?$ lo support newly ￿)rnIn0d81Od y￿ing pp.i)ple durfng 8 pai)cleinic, l)owe¥er staff manayed to enable thi5 to happen and wa were fortunate Iii th81 EherLi wore no outbreak5 of COVIO 3nioiwsl the young wjple we housed. Kick the Dust (jur HeiitAg2 project benelitted Irom addlbontsl fundlny Ih&l onabled tho recruitment of a fourth slaff rriember and an extonsiun of GurrEnl slalf conlrnGts. This enabled the proleBt to exlend its reach Into Ihe Cotjnly engaglng wlth new and gxoiting partners. A partlcvlar highlight thls yo&r was tho deliv8ry of Hethtage Ope￿ days In our thLvalre, [natAg￿ 8nd d2sign￿l by youiig penpte in parlneiship wllli Ihe Docutnentary MedE Centre, 8 photcs coinpplltlon whl¢h res(Illed in the photos being usod tD crea18 a Cil lendar, and a youiig resldenl devèloplng hef photography skills io such an extent th8t the phot05 WBM U5od Iii The Y's Annu31 Report. Enabling Env5ronment Ovr con7milmenl to 8chleve ttie Enabllng EnwTonm¢gnl StaThJard bolh internally and scross Ihe 6 YMCA'S i¥ho are part of the Shine project is well undeTh¥ay. woikn.ng alongside the Royal CDlleg8 of P5ychiaL"ists il 1$ oiir iiilentron to achieve thls siiiidard by ttie @nd ol the 2021 calendsr year. As siich we hive carrled DUI gtaff siiNoy&. set up buddying 5th8trhas and creatad opportiinili6s foT M￿l09erS io 1neet alld share praGUca In OTder to ￿uPport synergy- ovornance In 2020, the Trustees 8dopled the now Charity C(¥Je of Gov8rn3nce part of wa% recoonising the ne8d to have Inore ijiverse TTU51¢e.4. As such e.fforts wll be ma(Je to increase ltrio tJivo1'5ily of Board by fecru:tsiig BAME Trust￿ who liave tlie neGessary Skills and attrljutes lo ?dtl value lo (￿r govemanca fram8work.

Page LEICESTER YOUNG MEN'S CHRisfiAN ASSOCIATION <INCORPORATEOI ITHEI MEM8ERS OF THE BOARD'S REPORT lincorporaling STrATEGIQ REPORTI (C￿)1￿nI￿dJ YÈAR ENDED 31 MARCH 2021 STrATEGIC REPORT Icoiitinuedl Nultl-8mployer defjned 17pnoftl penslon seheme LP￿.*￿ter YMCA iecognlses poss.li18 concem relating lo 115 parlibip811011 In a defined benethl per￿[911 SGIILJIHe. Appioprldll actioii has beeii laken.. The schemewas elosed In np.w rnetrttkers in 2007. and tF link to final salary broken in 2011. Addili oniE I wn1rknutlur￿. roritlnu& lo ￿ maL1e lo rediK& the de1￿1t. As Parl OY Ilie YMCA federation, the multi-employeT pension Schèrng Ss run by an ip.deponLloiil Trustee bo8rd with employer mprèseniatioii througl) the Prir)clpal Eniplr)yer, Nallonal Councrl Of YMCAS. Th penslon 5chemg Trustee c&tains an acbjarial valuation L•VL•ry Iliree years wid we have Cor￿7￿ered tho imp1ityytion¥ lo IhL' chartty's finances tron) the lalesl availahle acW8ll21 valuation. W8 have reviewed th8 charity's ahility ID continue to delivgr ils Gharitab￿ oblects.ves by ensuriw l?INJ9ets, forecasts arl plans are avallable an& Include Ilie Impact of I￿[ICti repaytnenis. The Fen5ion Trustee inGliided the In1p￿￿ of FQl15iun ￿h￿rne del￿11 repawnenls in eon51dpAing going concerfj statu5: re5erv85, and the tisks and unwtainties th31 IhB charity Face nutod elsewhere In El)is R8porL L@icesterYMCA banelils frotn tho ponbioll scheine Trllstee ai)d Princlpal ginplDy8rseoking suitsbl specialist profe85ional HdvS¢e both lo manage the 5Gheme ar￿ in the oontillulng el':orl lo èxpbre ways ol redLivang IhL overall pensioii deficlt The i)olo4 to the Accounis Include 8n aCc￿lnI1ng PDlicy and furdier detaiL8 Sn note 18. ProJ¢cl Funrllng I'hp year 8llh()ugh C,QVID Impacted. we achiewj a niiMb8(01 ¥(Ic¢e5sftJl ftindlng Nds lo support our work irkclucllng Arts Coiincll, Homel&ssiiesB Llnl(, Paul l.lamlyn Found31K)n. klaTaniead T¥u51, Vuluntary AGtion Leirest8r. Lottery, Lelcesler Clly Council, l..eice$leishir¢ County Councl and the N8tIOll81 Grid. These grants p.n2b18d us to PFoviJe mUGh needod soivice$ duiiNg a thallengiiig year whlch OLir Ic¥ldenl¥ contlNued to b6 SUPPDrted and wnpmiered. The Ats Council funding en5uied that the8tre was ab[8 to keep essential 5tBIFand cover fixed costs durlng exleiided olnsure. STRATEGIC REpoKr- Looklng Forwanl1211221 Shrn8 Looking forward it is hopEd Ilial the Regional ￿￿￿p1eX NeEds project Shine c8n b8 replrGated aGfos5 8 nll)er YMCA'S In Ihe TEglon Ishi￿ 21 and d£v￿k￿ed a￿10¥8 the YMCA ly0verE)￿.1t ii) parknership with YMCA Engl8nd & ￿￿es_ As part of Ihls we have been sU￿ss[lI1 in being Se￿Gi￿d by Spring ImpJct as part of Ih?ir Sca18 ACcelera￿r Prourwnme w)d to be allocated a ¢oiiqiiltxnlwho will work 3long5idB us to UP5cale bhlne. This Is Ltue to Start in July for a PL4riod 016 Inonlhs wfth the to provlcle ihp ev1&en￿ lo pol&nlial funders. We will aL8o be working along51d8 PUl￿e House lo provide Iralnirig and support zcross t1￿ 7 shin8 proje¢15 around Truuma. Reflective Practth andA¢tion l.earnillg Selg. shine w611 olso launch Its toolKIt website and look to orgarntsing a Shin8 ConfErenG8 at the of year 3. Safe & Sound l Mothers and Babies The 8ofe & 5Dulld proje¢l has ev0h￿d from provkling acc0mw.0d8tK￿ an(1 support to 8 gfOUP of vulnerable 8lld cornplex young worllcii to one that IlDW 6upporls Iliern thrOL￿h oiJlre?ch to rnaiiilain their bKiependenl tenandes: develop Ihew parenting 51cills and havL Ilie SLlPPOrt lo luncuoi) wlh thelr own Gun15nunily. Thts iiew dlmensbn of Ihp. piaj8r.I wli I piovide addilional oulrg8ch for up to e month5 ensuring lh8 young wamen do not feel i501&led wl1ilstma￿nQ the tri7ns￿.on to suslalned Indopeiidence. Tho Mothers and B￿bleS wo¥lf will slarl in earnest in JLJIY with th8 appointinant of a specisli5t ￿rE￿Ill)g Ivorker vkn will support oui nevi mothers Ihrvuyli d supporllve sptice where Ihey can meet Ihelr peers aiid collethely develrjp llip.ir p7Jrp.Dting skills in order to give their Ghlld the besl possib￿ slarl In

Page 9 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI (THEI NIEMBERS OF THE 8QARLI'8 REPORT liiicorporatlng STRATEGIC REPORT} (conlin(wod} YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT- Looklng Forward12112ZlltrontlhUOdl Hou5iii9 our hDusing provision co1￿￿)UeS lo deliver fugh quality a¢comn1ULld￿0n diid Support to yuung peopl across 6 sites. With City Council planniiig to re4eiider yieir SUPPDrled hoiising servlcps lor young people, the next 6 monll)s wlll be a ¢h8llenglng eothrse lo i)avlgate. However, we are cuilKtent that our 5ubniission will be of the highésl wiallty and regardle55 01 Ihe oulcomg we ￿1[1 contlnuo ID eTrsure we have huh quality Kcommodelir)n for Vulnerab￿ youn9 people. There Inay be 8 iieed lo in￿ease our ag@ rawe from 16.2)r lo IG-30 an¢J olfet rFiure direct access lo our servKes. fhis wll be ccnsidEred oiice w8 are aware of Iho outcoma of the comiyissioning exerclse. Our work wilh unactsompanied asylutll-588knng children will be reloc3led lo Aylestoiie sile should we be succe55ful with lh¥ Gommission. this will then bring PoTlland Road b8ek intQ OUT move-cjn FortFolio. Kick the Dust There ha5 been a GOn5LY0U5 this year tD engage with mar814erilage projects based rn thE CDunty whkh h¥s provpd suGrpAsftil. Looklllg f(xward theTe Is a iieed to look al'what nexv once funding ends laler this year. Tho projecl leE)m have proved Ih8t givtsri tlio riglit levol ol resouicES Staff can support young peop]e to eng3ge and this underlines our commitrneni 10 both the wrk and opproach. We )cleavoiir lo seek (xit ad6liloTral Tundinq to support the cotilinuaiKe of Ihis higkly valued ￿ject ST & GDPR 14aving invested heavily in ITwe now need lo ensure w are GDPFI complvant as 4uch we havelnr.IiJdp GDPR as 8 specific restx)fksibilily in the Piocurernenl arKI GOnip1￿￿￿e Oflw Job Description who ivill 183d on Ihls es5?n4i?l area of work DvDr the co>rning year. As part of this. cuirenl staff w511 be offwed Iraliilng in both GDPR and Cyber Securily.. all w staff will havè Ihls as parl ol lkneir IrKlu¢tlon arKI worklng alongslde our IT F￿Vide¢ we will eiisiw& systerns and protressog in place lo enable v5 tu he conipliaiit and rneel our legal obligat￿nS. TheatrD Aller lJ month5 of ck)5urè the thoatre reop8nè6 in June 2021 albBiI ￿q1h a Mlic￿redU￿ed capacity and the implemenlabon of Covid 19 protocols. t)uriw 11)e c105ure a deeislon was m8de to ref11rh￿h fhe bar nd impkimenl new terminal paytngnl prcce55es. This imieslrnenl will enBble the theatre to generate adc11tinnal iirom8 ftom the niuch-exleiid2d bar, 13ble ordering and contaclless payinenls. Addilloi)ally, thL% Inveslrr)enl alongsk1e mlnor Lipgiade to Iiyhtii)g Move us in tho ri9ht diiBGlian in ovi Dwall plan tc inipleinpnl thè theatre lea5ibility siL￿Y Shou￿ funds becorn8 avallabk. We 4sD hav8 planswa.fcol to traim reskleiits iii Ihealre lighting and soun¢l. front of house and stage managemonl. The ￿ndern1G did not help in OLir plans lo impleii".ent 8 Inapr fundr8i8ing initralivè to refurbish the theatre. however wft plan lo conunue to expk)re fundtng opportunitie5 that VAII support L￿hlIng, Access anQ W8sh RODM facllrt￿s. Park House Resldential Chitdr8n's Hoine Wp. will explore optians to open 8 %8cor)d chlldre.ii'$ buikllnq on 11)e success ol Park Hol￿e. This polÈnlial develowenl will be resource inleiisfve there wlll need to bo G*roftil Ihouohl in rdation to kjcation. However, we are not Starting ItDrn scratch and have tlié essential dor.umentalitsn akeaéy eveloped. A second horne will not oiily er)abk us to provide additional @??$@nlial 5ervrce5 bul a￿0 8nablE ￿o[lo￿te8 of 5tsatQ diid support our ￿MmitMent to move away Ircffl 3 Teliance OTr giants ankl cmtrac.ts to bpc.ome mnre felf-finaiiplng.

Pagc 10 LEICESTER YOUNG MENIS CHRISTIAN ASSOCIATION (INCORPORATED) (THEI MEMBERS OF THE BOARD'S REPORT fincorpordting STRATEGIC REPORTI (GurifriiiKd) YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT Icoiitiiiuedl Fundralsirtg Tli15 y¢)ai' Icovlrf allowlNJ) as well as the tesiffl looking at fuiidralsli)o events ai)1 atrb.vil￿S lo generate mutsli ir.SL>mE: Iligy will alscTr bv 10011giiw oij legdcies dnd regular glvli)o. Thls will be develo¥d 8iunggide RcrnEtnbcr a Char￿V WLek aiid The Blg Give. Thè lem Mqll aEso Jie explorlng the p)tenUal of developing a donor nelworkimg ever)t where we car> show our apprec5alion for Ihetr S￿ppOrt. and tshare how Ihelr donotKin has ￿nt￿bul￿d lo our work. Business Devltlopment The blisiiiess developmenl deparlrnenl will t￿1 oli Ihe flindiiig portlollo tor the 11)ealre, Ihe edvcalion curriculum &id Ihe ertabliiig envlronments awards. TheTe will ?1sQ nep.é to explore npw fU￿1￿g pots to support core WOTk oiound hoLIFAnq aiid Coinplex iieeds. Vlslon Our vlsjon Is for every yoiing person to liove o safe plate to call home and the siipporl they tr) creale lasllng GnaiyJes In Illeir live6. Mission To the leadlno provlder of supported 4¢oomiModalion l(x young ppopl& within the East Mldlands. transformlng yoiing Ip¥es Ilirough sklTrs. arEs, healljl: advlr£ and care. Valuas Svpport Every young per8tsn sliould have ? safe place to I￿e. Empower EveTy youiig person L8 to 3 ¢h2nce to jrnprDV8 thar Ilves. Eiirich Every young parson shouhj be 8lltittgd to a range of in¥xring Opportunit￿5. To be a Gommunity organisalvJn th8t ha5 Chfislian value¥ Al our borE. strategiG Mea5Utes We wQl athiovo this by.. 1. Invc51tny in our bu1￿1￿95. onsLirln9 Iliey are sale, accessib￿ and fil for PLirpose ivhitst challongirjg g&noTal porcepliun uf 'supporleLI accomixDJabon'. 2. Beln.q wi organksallon that l)as the nepds and asplTallons or young pèoplè at Its core. 3. 88ing a L8arlllng Organisabon is committred ID 8RCOLiraging sharing Df it￿rrnatiOn and knowledge whilst asktng challenging qLiestKJn5 that will ensure continual TefloGtion d regeneration_ 4. CDllsisteiiUy ev8lu8ting we do, hfwrf we doll and the ￿MpaCt 01) the I￿e.$ and asFwatK)ns pf our cumrnunl￿.e￿. 5. KeeplrE abreast of the politr.al, ecoiiomic, social. lachnokwical and envltonmantal agenda, en￿lrI1)u a le￿ble aptwoacth tn $er¥qc85 In a complex 8nd dynamiG GnvironmenL 6. Being an organi98tion thal Slipporls thè addgd value and Ix4rt#fil$ of cultural a￿￿￿1beS and erngagemen 7. En&uring su¥lainabilily Ilirouuh afi￿me generation of unreslrirled lunds. 8. Investing In ¢￿r peoile: ensuttng they ha￿ tha necessary skills, kn¢yAdedg2 and allitude8, to deliver high quallly.Mce8. . Cr8atlTrJ an environm8nt that en3btes Ghildren to grow and Ihiiv8. 10. M3in&iThing and ivorkny Wilhih ¢Icdl and prudent Ilnanclal 9uldelliie6.

Page 11 LEICESTER YOUNG NEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI ITHE} MEMBERS OF THE BOARD'S REPORT Ilncorporatlng STRATEGIC REPORT) (wntintseclj YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT Icontlnuodl ACTIVITIES The Y 18 a rnLJlli-f3C8t8d Associatlon and Oroup operales iri th8 following fièlds.. Housing Th8 Y PTovldRs 811ppor￿ l)ousli)u for 103 young single home1￿ people B5 ofwhkh Is pail of. Leicester Glty Coiinc(ts' ￿￿mISSioned 5atvrcg. Tlie acwn)modatioii is split over Stte5,' Ea51 Strepl148 bed 5pattesl and A5deslone135 bed spaces) providlng aeBoMmodalDn to young people aged ¢6- 25. In 8ddition. we have 3 move.-on properties providing a total of 15 bed5, a 5-bed house a(￿0mm0dat1n1 Unaccc4npanied Asylum-sedang Chlld(@n, and an 8ddilion81 woperty providinq reslLYenllal cliild car s@rvicos. I'he HDusing rJepart¢nenl works In 8 li0115t￿ way and s8es the PT0ViSi￿7 of accommodatlon ¥$ IuEt vne elemLNI ()f ils rule. Othu eknenls iDcfudR l)elp wlh claiming ben&fil: 5UppDrt in acce55iryJ commimrly caTe grants, ba¥ic per60nal IIy9Eiie. educatioii. infornKI counsdSing, probE&iM sob￿Ng. accessiny apprwt1ale n)edlcal support and er￿p￿V￿ring Ihe youno peT$on lo move on io somilindepend2nt liwng. Many of ihe young people thal live wilhiii The Y c￿)Me from 'dlfficiiSt' baCkgr￿nd4 some havo r@(nUy lell care tsr priwn. and other5 have b8en in abusfve relati￿1$hipS. havts spucHI educational lleeds, suffer froin low self-8ste8m OT Ilnd Ihemselves isolatod from friends and laillily lo societys expeetations and Ihclr iriability to me8t those expKI?tions. For these yoiing peoplo il is e558lltial that lh8 staff form no judge1￿8￿1$ bill work y￿1h them 01) a kisis Df mutual trust and iespect, empowering thfAm Ip gpln the skills necess&y lo live, work and conimuiiic8t8 wf(li others. The Y Support Ph>lÈGt The Y Support Project IYSPI Is a dweol accLSS day centre for hoMe￿sS aiid vuliierthly hoiised pooplG basod ITh Leicester. The centr8 provide5 8ec&8s lo Inlorinalk)n ar)d arts￿0 on housing. benefits ath￿ce and AC￿SS lo pllmary healthcare. In addiliC&n, Ilie centre prowd8s pract￿al sijpport ￿fjth free food and rink, showers, clotliiiig, loilélriès and Lgundry. Community ArtB rhe Y Theatre i& Ilie oldest thpatre within LgicEstEr Opened In 1900 the Iheatre is th& one aspect of our core businoss that rpakos Th8 Y truly diflerent frorr mo¥1 ollier YMCA5. Tha Y Tlwtre offer5 a viried prograinme ol Ilve Inusk. oorn&dy, performance aiid community events. Also, oil offor arB active art and educatlonal ￿￿kshOpS olmed QI supporllng and •nCoUr￿lng the local coinmunily, parbculaily youNJ people to @njoy Iholr ¢re81iwty 8nd build conltdenr.e aiid dev81op comniun￿3tlon Fundralslng Whi15t the ￿ndra￿l￿g team weip not aL48 to dellver any ovenls or commuThrty fun¢Jralstng dLlI'Jng 2020 1, IhA income level beei) malntrdined through digltal canipalgns ai)d c￿]￿nuIng slrong r&klk)nsliips with corporate supporters. Significant dongtions I.￿re rttelved frcrn Highcross. Pukka PES, Beauty witli a Plirpose, Stocks Taylor Bonyon and fiock Kitch￿ HaTri8, the latter Iwo al8U olfering pro t¢no do5ign support. The Iwo If8y dlgSial r.arnpaigns were'save Olir Theatre" in July 2020 al￿.y Skllls Malle.r- hosleti Ilirough The Big Givo Chiislm85 Chall8llge plallni'm in De¢ernbor. Tho Y is comn7111ed to adheriNg to the Cade of Fundraisiny PraGthGO and new GDPR r8gulAllons IhrtyJghoul the whol& ILindralS￿l9 process. Tlie organi5ab.on lakes any coThplaNits seriously ond do8s iiol oolvocate Iiilrusbve, pBrsislonl or the 3pplicatitsn ()1 any undue pressure to This 15 made clear to 311 comirgrcial parli)ers, Voluntee￿ aiKI nL*W rvFrnbers of the fundrok8ing team. There wer no t(Indrak5ing complaints in 11)c yoar.

LEICESTER YOLING MEN'S CHRISTIAN ASSOCIATION IINCORPORAfEDI (THE) iVIEMBERS OF THE BOARD'S REPORT ITncorpoTating STRATEGIC REPORTI (cuijlinired) Y&4R ENDED 21 MARCH 202fj STRATEGIC REPORT Icontiniiedl Envlronmontal Footprint AS p3rt ol our GDminitffleThl lo redudng tsur eiwlronmental footprlnt VR are actively ass85sing our utI1I1y Usage. and alm lo work ivilh Le￿ester oity coune.11 Ihelr susl8Trnabilty agenda to identify iniiovalve ptaclices to reduce uur Lèrbon t(N)Iprinl. Shop Rental Tha Y has seven Shop idnits In the East Street Prope.Py all of wh￿h are L91 on lea5e5. In addibon. The Y lesses land on Eelvoir Dr￿￿ to three teleoomrYkuni¢alirJn compani25 for the silirg of communlcailon Imvers. Th8 Y h85 core depattnientb of Hurnan Resources. DpeTations. Flnance and Fundraising, Markctfng and CoinmunioAllonR. Tho Hum8n R Trs(xirbes depwtmenl Is Te.spoiisible lor 811 aspec15 of HR ttaiiitng and developmentwithln tlie orgsjnisattor. This year we have enrollL%d all senlor slall on ttie NSPPC S8f8r Rp.cwllmenE Trwning. Truslee$ have CFJrt*d out ￿ line Saf8guardlng trgininy, 3 rnanarjvrs are completi￿g Ilie11.M Lpvel 6 In man5gemenl. Looking ft)rward, we l)ave invè61ed Sn Hays online tralnlng and as Such havo wss lo a ng¢ of trainirng courses VIB their porlal. Wc #fe a160 commltted to d81ivpfjng tr8inirwJ on Diverslty. Equality, lI￿lUsIOn ai)th u11r￿lis¢1oUs Bias to sll staff. Additionally, ive ￿11 foirnally launcl) our Dompsti Abusa Policy and ensure all stall are Iraliied lo understand Ihe S￿nS of doinestlc a￿se and Yihue to go in the oruaiilsallon for support. The Operalloris Departrnenl k4 r&qkYJnsibl8 for a113spaGls of a55et nTrth¥enwiL mainl8rnan¢e and lieallh and safvly. As p2rl of the Operdlion departtr18nt's taTgels, rodutied e￿rgY ¢onsun)pllon, ir￿le￿5￿￿ reG'ycling and In8ilitenance planning ara an essential part uf tlièlr oiierall o)iitrUxilK)n to bths]ness eificlenoy. The Fingnee depailinent Ls rekpoiislble for the overall linanrAal In8nagementof Iiicome arKJ expenditure as well Ihe maiiaqement ancl implemetTlalson ol the GDrTrprby'S financial procedures. Its approach eiislires that the nee(Is of .11 dep2k rtnieii15. the ￿ganIsa￿DTh as a whok Esnd our fun(lers are IneL The Org3nisatb￿ ha5 ￿ ￿￿PrehenSIve Iraud pollry wliich is managed by the Deputy Chlèf ExeciiMvel Finance DirgXtor,

Page 13 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION INCORPORATED) (THE) MEMBERS OF THP BOARP'S REPORT Iln¢orporatlng STRATEGIG REPOR TI (GiJii&oued) YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT Icontinuedl Flnancial Rèvi¢W The Y has inolirred a coi)sdfdaled ¥urplus of g162.16'1 {202a.' surplu% £16,299). whi(+) includes a deftcEt froni Y LeisufB of g_11,23912020'. surtAu.g £7521. Duriro 202or21 Tlie Y rec8ived Ihe followng large contracts and grants,, L9￿￿51¥ City Council Supuorling P80pk. Lewter Ciey Council 1.torne￿sSness Leww l.leallh f428.630 £60.487 £36,228 £.18,fj32 £173,054 £149.248 BBC Children In Need Grant Heiilage Lollery Fund Big Lotl8ry- Regional Compl&x Neéds (fJ7,467 he￿ for futUTe exp2nditur81 Arts Council- COVID grant Paul Haimlyii Charlly H￿&18sS Link COVID grant LeirEstershlre OPCG f104.007 £su,(100 £49,759 r_19.251 A5 wll be séen frorn the Re8eTves polky slaternent, The Y still ne8d5 to niainta.ll ils res8TrRs by chEvlng a SUTplus ol IrL¢ome over expi)ndilur2 lo eTrsuTe that il would nF.et It6 liabilities11 all ¢oiitracls CB83ed_ Th8 Board considers that The Y 18 in a1)8althy linanoial siliiats'oii. with two tnaluiing housing lThiliatives Ichildren's Home and UiwcLonipanied Asylum-S2èklng Childr&.nl ilial wlll Increase oiir self- enoraltny income slrean?. Coupled wilh the conllnualloi) of our rtsbusl appr08cli lo proctsiernent and sins in 8fflcleiicy via our IT Inveslinenl The Y V￿11 aim to genarate a Surplus to lulfll IL8 ¢omiritn)ents. Reserv85 Policy The Y reqLilre&' an appropri3t8 leve] of re3ervès in order to operats effectlvely. The lève. l is set wf(h fegard to our aims. noeds 2nd oeolives and the risks we PacL4. Tliese ar? Sudden cessation ornon. renewal ot conlrdGts and grants. delay in rece￿pt of lunding. and lUlU￿ esseniial Inainl&iiance ol propertles. llie Bnaré of Iruslees Is of the oplnlon that rese<v&s in Ihe ord8r of £578.000 are necessaty. Free reserv8s ff2pr¢sernling uni@str￿ted lund5 Ihal ora not Tepresentpd by fixed ass0ts sed in the Ch8rity's opera￿0￿5 ¥Yere £823:122 at 31 Mar¢li 2021- Ihl$ Is cakulated tr*foi8 tsking Intn accoiJrTrl rlf the pension deficit funding liability of F362.317, includert In th8J Ilnandal slaternenls undw fRS102, which is artually pay?bk overa lurlher 8 years di a monthly rate of £3.88Y. ThLs poI￿Y wlll be rthlewed aniiually. InvÈ8tFnent Poficy EloaTd has delegaled lo Independtrsl itwèslmenl advisors Ipage 21 tk power Ics Invest funds surplus to roqll￿9menlS in 5￿kS and sliare¥ qiioted tsn the l.ondon Si¢ck Excljariw Such inve51rnenls are to provKle a conbSiiallon ol Ii)c<)nie and oBpilal growth. Resource Ccyinrniltee recewe h811-yearfy repoTls and ¥eviEw the peTforrnancè wllli the 8tristsr&. Investment pcrfoftmance for Ihe year 15 in line wilh tlie laTgel se.l in the investn)enl po]￿y.

Page 14 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATED} (THEI MEMBERS QF THE BOARD'S REPORT Ilncorporating STRATEGIC REPORTI {uoiJllniio YEAR ENDED 31 AfjARCH 2021 STRATEGIC REPORT Icoiitlnue( Thè Y Value for Monpy (VFM) Pollcy . Pollcy Sfialemgnt Tlio Y's Mls¥ioii Statement, Slralegk Objectives, Values 2nd Serv￿8 D8li¥ery are underplnnèd by ULYnmlltiient lo valiie lor Inoney. Th15 policy pre5en15 our intentiDns what We spend and howwe deploy ourslaff and iesoiircas dlrectty with Ihe core valLies and the service sldnd8rds we dellver. Tlie Y's PerftsmNv￿e. achievernenls and customer 5at15faclion are l(ey Elèments ol this PL)IiGy. OUF strategic ol¥eclives are.. To pmvide hKih quality suppori and accommodalion that ptnpoviBlS yourig people to achieve stislalnaNe IndependgncG. To support young p80ple lo develop sl(i115 4hrough èl￿￿05S io aris edv¢&lion, employment, traning and Sp￿ts. lo be a community r9source that fully refjvcls tho IEeeds of thal peopke, through Ilie pmviBion of Gornmunily 3clivilvas, advth lfjfDrMalD)n and advo¢acy. Tc be lu1￿ accessibfe: proFnole dwerb'ily and chalknge discrirnlnallon In all Ils forrns. To develop good qoallty partnerS1)￿￿S that support 69rvlco design and dellvery and are oast effe6t￿e. To be a proaelfve organtsallon Ihal lakes moakuJed risks in order lo keep abreast of ch8nyiny needs. 2. Value for MoM¢y demonstrablè expectatioiis 'Ihg Reoulator of SOCEI 14ousifig IRSHI'S franiowork so¢ral houslno has a SFeclflcValiip for K￿neY ¥l&nd8rd. The standard r4ulres that.. Reg￿ter8d woviders 8rttculats dolivar a compfehensnie and strateglc aPprO￿h lo a¢lil6vlng VFM in meetlng organlsallonal objectivas. Trustees Inaliilain 3 robu51335essfftent of tho FerfOrMan￿ ol all their assets .311d rebourw, This will tske intn ar.coiinl the ￿tErest of arKi cornmitrnenl10 8taktsh(Jldors. This inforrnalion 3hou!¢J be availabte to slakeho1ders In 2 transpaianl ar.d ￿CesSIbfP formal. I'hi5 means managing resources ecoliomicalty, ellidenuy wid ellect1ve￿ to provlde quallty B8nAce and rne£ and plaiining for alld deliverirg ohgoing improvements for valu$ for I￿o￿ay. The eoard of Trustees moat on a q￿rtarlY basis in GvnJunG*kon with tt)e ResouTCè Cominlttee. "rhe dyenda items Ih&l Mqll IncorpoTate W"M consid8ralKJns will be appropriately dcllbeiaiixl 8nrJ Ihelrcosls and beD£fit5 conshlered. This includ05 In& goiier8b.orh ol any potential r$lurns comvll8nsurale to the risk Involved.

Page16 LEICESTER YOUNG f41PN'8 CHRISTIAN ASSOCIATION IINCORPORATeDI ITHEI IPAEMBEkS OF THE BOARD'S REPORT linco￿￿ratIng STRATEGIC REPORTI (Gr￿lIn￿￿￿) YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT Icoiitii)uedl 2 Val&i8 for Money demoiistrable exp¢¢lotlon$ l¢ontlnuedl Y regularty revlews our ￿)IractS fer 5&r￿¢09 throughout Ihe orgaTrtsatlon and MaIn￿'D5 a robust approach to the procut81nert ol gDod.s aiid 6eNlees. t)uAng 2020121 Thtt Y's purchasL &n procurement officer CDntinuerl lo supporl the oruall￿￿1Kol1s, V8ri0us d8p3Ttments in providrng a rnumber of quote5 an￿ idonlrfyir¥J Ihe most suitable 5uppli8r fobr vaisou.s single project work Ihroughoul 11ie linanu81 year. It 15 dffFicull to 855888 Y's performance against Its pe4¥.8 y￿thin the I"egion as each YMCA is very drfferenl. However: the. lollery funded Reglonal Coniplex Needs pfuj@ct ha5 pnabled The Y io measure Its understsnding and apyrodch tu working with complex young peapka. 8gainst 6 0th8r YMC,As wiihln the r89ion. Thi5 has achieved a degree nf bpnc.hmarkinq as (les¢ribeé below. Bonchmarklng 1115 nDW a WLiiremenl to cairy out a compelluve benchmarking oxerci%e as part ol Ihe trustee's annuat r6ptsrt. Ag parl ot Ilipa pfvGeS5 Irusle2s have iitentih'ed 6 regioiial YIthCAs (Blrmlnaham, Buiton on TrenL Sullorn Cddfield. Norlh 818ffiJFd8hiTe, Wellii)Jlon and rjislricl and Lirthlnshirel. who Loutd be seer as eompetllors wllhiii Ilie Central Region. EaLli ol tli@so YMGAS are delivering a range ol similar seTh4ces to Leicesler. all have some forni of sod31 hnu55Dg, conimunily development sptsrl and support yerviEe5. In carfying out Ihe benchmarking exercise the area to b8 IneaSUr￿ ig, WDikiiig and F.iig?ging Complex Needs young peop￿, bw)rk vihlch has been the subject of bctery fundlng lo cjach ol th& above YMCAS co.orilinated and Th￿naged by LelLQStÈr. Haviiig cartied out a desktop exeTclse ft Is clear that itone used tlw folltsming measure5- Kno￿￿dgE1 and Understandinq ExperiBnc8 Tralnin9 Govwnance Staff sl(ills & aw8ren888 Leie*sler would be in s tx)5its'on to demonstrate that as part ol a banthmaT￿rfj exer¢lse 11 would b n70re than able to show a ciMnpe.tltive edge Iii Telation to our work witl) this Ghallenging group aTrJ as such set the standard Ih8t olhLirs iyuuld striv6 tu meL Within the organi98tioii. the einployee appra15al $y¥lerD incliides regular performaiitse review5 Ihat Iiiclude KPIS al an IndivK£ual afftd dcpartmoiitd IEvtrl. This enabtes tha managers ol I'he Y to assess nd mL>asure the d￿l￿ry of the str8tegic obJectSves ol organlsalion.

Page 16 LEICESTER YOUNG NtEN'S CHRISTIAN ASSQ¢IATIQN IINGORPORATED} (THE MEMBERS OF THE BOARD'S REPORT Ilnoorporotiiiy STRATEGIC REPORTI (conbnuv YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT (contsnued} 2. Value IDr Money dEmon5trable expectation5 (¢ontirtu8dl Regulatory reporb'rng on VFM 15 required by Ilie RegulaloT of Soolal HoLisiThJ froin ApTII 2018 and Regi6tpred Prwiders Inust publisli th& required evtdenc8 Iri tho slalulury accounts al)nUa￿Y. The requ￿e￿ VFM melrios are presen￿￿ below. RegulAtor tsf 5odal MAtIKs 2021 20￿21 ZOJ9-20 Metrfc I l£fficienc¥l RelnvestsrÉntYo (liv￿[ment in w0po￿ll￿ p.xLstlng & ppw. a% a % rjf tho value Of tothlpmpp.rtln.s fv.ldl l Metrlc 2 Ifffo¢tiv•n•55) supply dtliverod % (No. of news01ial ind noii-50cial Iiuuslrix IiniL5 aLwired ur dEvEIDped in thE year d plbPUtI'ion ol fvi81 sts¢lal ancl no ¥oclal huu&lii¢ units owiivd 8l period w%J. I Cal¢A Ftsrsodal housln8 unlts al¢ B For non-soclal housln8 u￿1t5 3% ..Motrlc3 IEfllcior¢cyl Geai5nE % s% ,M￿tr￿ 4 IEffi¢lencyl EBITDA MRI IDter•st¢o¥¢r 2082% 1457% Metr1¢ 5 {Economyl Headllne soc￿1 housh7Z WStPLrf unll £13,G41 EJ.?,958 Motrlc 6 IEfficionryl Operatin¥ Mar81rt % Cal¢h Operallnkr Margin lsoclal hou51ngoThlvl % 14% rolcA Opp.r2tFng MA7in lovr.r41111% 3% ?% MotTic 7 IEfficlen¢yl Roturn on Capltal Émployed IROCEI 2% Coinfnenthry Thero was a nilnlmiirn of reenv&slm?nl in GoeiAI hO￿sIng properly but 8quated tD1&55 than No new unlts liave been acquired. Geaftng levels have reinained the same ?.% the prevlous year. Inte[8$1 CDVBT has remalns $ignifirAnlly hlgh diiè to an inGre35ed operating SUr￿U$ ftx Ihe year. Tl)e vjclal hoiIsing cust pEr ui)it has Ii'.creosed by Syo on the prevlou5 year dua lo addition81 COVID baF¥ly eXpeThdl￿re. Thè increase in rpeiatirlg surplus has uenerated o 5% In¢ro8sp on Ihp qoual housing operating rnsrgi rid a 1U/o Incrtase on the overall OP4¥8ling margin cornp3red wtlh Iho pre¥h￿s yL".Ir The QTOLIP'S return on capital ernp]Dy8d hds inLYr*ased by t% trom the prlor year.

Pa9e 17 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION INCORPORATED) ITHEI MEMBERS QF THE BDARLYS REPORT Ilncon)oratlng STRATEGIC REPORT) {cofttiniiod) YEAR RNDED 31 MARCH 2021 STRATEGIC REPORT {¢0￿[￿p￿￿O 3. Key Straleglc Oblg¢tlves The Y will implemellt 3 PtogT3nime 19 revtwi expendilure and 01)abb) scrutir.y of initialfii85 Nvilh 3 Vi lo achie￿7119 A mlnlmum of 5% saving year on year for the next four yaars. These Ob￿CtIVeS include: Prnmot5on- ernbaddthg of VFM prliiclves w51.hln the ¢uliuri2 ol tli@ uiganKsation. PoOp￿- encoiifagillg econom￿ aw8ness amongst staff &iid VFM principles withlri busine55 operallons. Procurement crealloii. mainteiiance and promo￿0￿ of 401)omlc. efft4ent and effeCtr￿ purchaslng prine1￿eS and cuntinu0￿S review of conlfacts ai)d seriic¢s. RecyGliny- lo rninlmv. vffiste and re¢ycle as much as tXl&Eib Partnerships-comnlun￿3le our comimftmenl to VFM and enC￿r￿ge ihese print1p￿S 8rn0ngst Dur paTtDeT6. Improverngnt- irnproving ihp pfficiency of I￿¥ we supporl and (Jelivw ourseNiGes. Gr¢on -. Iniplemeiit a piogramrne ot en8r9y effiaency. water conseNalon aii(I wasto minimisalon ac1055 the nrganlsa1￿l. PLANS FOR FLrruRE PERIQLIS The Associaknon plans lo cmlinue Its activities as ouUirb&Y abovo. Iii &ldilion, signif￿ant actAttles lo be undertaken durlng Ihe yearare as fcAk>w&= 1. 'lo fully Inaln18in or Irnprove our Ofsled in&pection rating DI good 2. To explore the development of an 3dditbnal re8idenll&' caTe Ihioiigh presentsllcsns to the BI￿rd 8nd the dpvelnpme.nl of ? bu8iness c86e 3. To appoint our own ii)-hoiistx Rpsponsi￿e Individual and mov8 away from [￿ing a o)nsuRant 4. In Parlne15hlp with SpTSng Impac.I p.xplnre 11)e ui)SCg1iiiq of the Shlnè ProjcKI aGt055 thè region. 5, To AchÈve the Ei)ablii)g Environrnen15 & NCVO SlaTriards 6. Impk￿ent tiainiThg for all staff and I'ruslee.4 on FqLiaEily.. Diversity Indu$lon and Unconsclous 7. To fully onuage in IhE rpgTOnBI BLM imlemèntslFon pl4 8. To appoint Trusle8s wbo b8(1 on Fquality. Diversily and Sakouarding 9. To 8dopt tliv Natsvnal Brand. 10. To ensure we mèRt Ihe newslandards lor regulated provtslon fur IG+ 11. ￿litinUe to have red￿d in al least ono of our Mov8-r)n properties In or<ler lo supp)rl W￿kIllg young people 12. To br￿9 Ils Wats£xi House beek on1Sne tor sèmi-indEwdenl living far young peop 13. Exploro the develoFYnenl of singLe gendar hnusing provkslor% 14. txpltsre Ilie. polwrtial to Increase aJe ran9e 10 30, ¥ubi8cl to the OUt(￿nE of Ihe CItyCouncH 18nder exerclse 15. Carry aut investvJatyon into the Teftwblshmeiilof our wasli room faclltties al Ease street 6. To 8xploie individual tegactes as parl of our fundreising strategy 17. IMp￿￿ent a Gapilal invastment Stiategy reooun!slnG InoJoi' capltal works drid ils Ynpact on otyanihallonal Ixidg8ts WKI casl) flow le. To look <i15uiidlny opportunities in order to contiliU6 QLpr work aiound coinplex iieeds 19. for Co-Productk)n to become. fundamei)tal lo our work with Y￿Ing p8ople and crea18 pporlunities for young people to engdgo in 9overnancB 20. To increa58 the diversity of the Board 21. l o asspss OUT enwroiimenial footpfinl aiKI do￿oI0p plan3 lo reduce th8 same.

Page 18 LEICESTER YOUNG MEN'S QHRISTIAN ASSOCIATION IINCORPORATELII (THE) MB41BERS OF THE BOARD'S REPQRT lincorporatlng STIIATEGIC REPORTI [e￿nfIn￿edJ YPAR ENDED 31 MARCH 2021 STATEMFWT OF THE MEMBERS OFTHE BOARD'S RESPONSIBILITIES ThL Board is rtisponslble Tor weparliig thp Memters of tha [￿ard'S Rep￿T[ induding Directh. Rupori and Slralaglc Report. and linancial Statenior￿ In accurd'aiice Wklh Hppllcable law aiio r8qulatioiis. Cofftpany and Regi3tErèd Soslal Housiny leglslation require the. Ll()ard to prep2rÉ financial slateJnerrt5 for each flnanclal ye3T. Under fhal law tho Board Iiavt elected to prepare the finwioial $talempiil8 In 8ccordan( wilh UnilecE Kingdnm Generally Accepted AcGDunling Pr3ctice. Under thal18w Ihe Board mLF51 not approve the sllemeiits iinles6 they are satisfied that they give a true fair vievl of the slate of affairs pnd SlJTpIus and deficit of Ihp group for that peri(xl. In prepariiig tliese flliartcial statemenls IhD Board Is required to., select suitable accoiinting Pol￿￿5 and then appty them con5i5tentty', make Jiidgemanis and accounting eslSr(IdlLis that are reasonable and prudent- 51ate y￿eth￿r 8pplitsable UK Ac￿lin11n￿ $i?ThlartJs and Ehe Statement of Recommended Pr8Ctice ISORPI AcGouhllng by Registered HO[￿ing Pioviders 2019, have been fonowÈd, Subject to any malerlal dep?rtiir&8 dlsclosed and explained in th8 linanGial 51aiwnL¥ntb', ai)d prepare th& Ilnancial stalemBnts on the going concerii b<TrSiS UTh￿8$ 11 is inapproprfate. to presume Ihat the company and group will continue in operation. Eoard Is r¢$ponslble for keeping adequale accounting rL4Lxirfs, thal are Slift￿le￿I lo show aiid lain the cornpwry'6 ar.d group'% Iransac.IlntL4 8nd disclose with rta50nable aCCLtrracy al gny time the linancial position of the Gompany 2nd groiip and aiable them lo ensuie that the fin2nclal slateinen15 comOy vAth Companps Act 20C6, the Housing and REgOr￿￿￿tL)n Act 2008 and the a¢counlliig reqsJireThpnts of the Ae¢ounting Directwyi for k¥lvala registered piovid8rs of soci31 housing 2019 The Board also responsknl8 for 53feguardSng thc4 assets ol tlie eoimpony and gri)up and hencp for taking reasonatle steps for Ihp prevenllon and det2Gtion of frsud and othcr irrogularlttes. RSH GGVERNANCE & FINANCIAL VIABILrrY STANDARD The Board recognis85 and confirFns thc GomplL4ncg wllh Ihe Regulator of Socli?I HcJusing'$ Governaiice & ￿ Yan¢!al Viabilily Stantlard. "fbg Y has also retaivjed its continued qualifiGciliOI) as a Home5 England Inve5trnent partnèr lorftilure l)ousin9 propramme.s. PUBLIC BENEFIT Tli& 8<)arLI of Trustees lias referred lo the ouldaDCe contained in the Charity CornmissDn'y goneral guidanGe on publio bènefrt wlien revkwino Associauon sim5 and objedwes and in plaTrning fiiturt> aGllvilie¥. 'rhe f￿lS cjf QUT viork 18". thc prowisEon of 8UPPOrted housiiio to vulnpJable young horneless [￿1B lacllil8b.ny our resources lo offer a varled yogTamme of cominiinily and 8ducaEiofo18v&nl worklng In parb)ership wtth ather 2g8ncEs to securo the w1￿95t rawo ul 5prvices avai18ble to match the needs af Clients proviion of $pnrt. heallh and fitne55 facilit125 ID meinbers of Le communlly provi(le resldeiils with education, trainiro aTrd skllls lo se¢uie employmenl or Ihetr own lenan¢les. The Board of fruslL.ies has oomplled wllh se¢doii 17 ol thè Charlties AGI 2011, arbd in setting progmfflme each yoar has hacl iegaril lo both the Lliarity ComrnSssion's general guidanog on publi benefit Bnd provision of servl¢es for the Clleiil popiik2llr)n_ l-h8 Eloard of TrL15tees ￿V*SyS ensLEre¥ Ilial e service5 pfL>Mdod are iii1iiie with Ihe c￿rItable objacts and Sims ol th& A55rriab"on. Ihe 803rd fèals lh6 afoiemerblioned St￿lE￿iL Repoit ond princlpal actiwly Rupporttliis candusion. AUDITOR la ar£oTdanc8 Wlth the Compani85 Act 2000 ¥ re501Lilk)n proFK)sliig Ihe app)Inlment of FDfTestw Boyd Chariered Accoiinlants ￿ AudilDr wlll b8 Put lo the m8tllbor$.

Paye 19 LEICEsfER YQUNQ MEN'S CHRISTIAN ASSOCIATIO (INCQRPQRATEDI {THEI MEMBERS OF THE BOARDF REPORT Ilnrorporatlng STRATEGIC REPORTI (wnbnuwcij YEAR ENDED MARCH Z021 DIRECTORS, REPORT STATEMENT OF INTERNAL FINANCIAL GONTROL The Board Is reSpon￿bI6 for Inaintsiniry 8 sound system nf Intefnal control whlcli.. -u¥es' uJi the s&nifl¢￿ne rt¥k8 that Ihroaton the As50ciatlOn'5 abifily to meet it50b1￿1￿￿0s- an PTovides reasonable aSsUffin￿ ol the safegliardlng of assets. The aoard i8 8180 r8sponsibte for rthryewing the effectiveness the Syst￿ of iniernal control. Tliè internal conlrbl Sys1￿ is desigi)ed lo manage, rather than elirriinatc, thu risk ol failwo to acliiovè buBin85s obiaclives and can only provide r8asonable. and not aLx8olute, a8SUtance against m3t8rial Inlsslaleinent or loss. Tha pro￿5 for idenlilying. evafualing aTrJ managtllg the swjnifrcant risks fac￿1 by tha AssocHbon 55 ongolng. Tlils process has be￿1 Iii plece for the year ended 31 Aqarch 2021 and up to the dale of approval of IhE annual Teport and fvianttbal s131ernenls and is iegukrly 12viewed by th8 Eoafd. -I'h& pwe85 wliir.h 11)& 2oard has adr)plad in reviewiiig tl)e e.ffectiveness of the Assock3llon's 6y6tem or thternal control 1$ revie4vgd thrDugh Ihe Resource Coiminilloe. Tho key LAkniehts Itk exerL15ing lin2n¢Sal control indude= rorrn81 poliGiOS and prOc8du￿S are in place. includin9 the doGunient8tiork of key SyBtem5 aiid rukjs relallng to the Ifelefj7i IIDli of aiithgrilEs, which allow monitoring of controls and restrici Uie uiwu1hnij￿d LEse uf tlio ￿$￿xIa￿"tsn,$ assets. The employment of siiitably qualified $Liff ID lake re5ponslbllity for key areas of the buslness. Th￿ is supported by an annual ¢ipyrassal sy$lvM to m3int81n standards of perturmance. The prépardUt4) of foiÈcasis and bud Jets whlcli allow the Board and manayomEirt to moTrilor the key business risks and financial 0￿-ectiVe8, and progr8SS towards lina￿cial plans sel toi tha year aiid ihe mecliiim lem,. reguLar management aooDUnts are prepared proinpuy, providing roSovan( reliabl8 and uwtO-dat& flnancwl Jnd othér infurmalion and 5iynifit3nt variance5 Irom budgets are Investigal&d as appropr18t8. All 5ignjficant new iDitj8lws, Major cotnmitrnents and investment projeds are subjectto foirnal authorisalion procedLITes, Ihiough relevant sub-commlllees comprlsing Board members and altiers. Ttte Re8ourc¥ Commiitog reviews reports Iroin Ir8rwgefffil extornal audilots b provlde re950nabSe assur3nC8 that conErol pro￿ureS arg in place and are b￿ng followed. Thls Iiicludes a qeiieral revlew ol the major risks facing the AssocIa￿an. The Resource Gommitlèe make regular rEports to the 8odr FonMJ proceifures have beeli established instituting appropriate aCt￿n io torrL akne55e5 Idenlild from Ihe sbove re￿ts

Page 20 LEICESTER YOUNG MEN'S CHRisllAN ASSOCIATION IINCCRPORATEDI (THE} MEMBERS OF THE BOARD'S REPORT {¥hc¢rporatiny STrATEGIC REPORT} fconb'nuLY YEAR ENDED 31 MARGH 2021 DIRE¢TORS' REPORT ftswrtliiiuorlj STAYEMENT OF INTERNAL FINANCIAL CONTROL fonnlhTugd} FRAUD It is th? wlicy of th2 Th8 Y to identify and promplly inv85kn'gatE any po85itsility of Irauduknt or rElaled r115honest a¢ifvllles agalrBI Ihe organlsalion. T118 Y alrn$ to prornDte oigaiiisalKJI) ciillijre whlch ncDuFayes the prevention Df iraud by ￿SIng awar@ness of Ihe rieed fo+ high 5tsnd8rd5 of per30llBI Gonduct Any act of fraud ascertained upoii Investigation. or pursuant to a crnind EDnvlclSon. or ihrough writlen aCkpo￿ed￿MenI by the emF4oyee eorttriied: shall re8uII In the anpro￿ale dlsclpllnary and legal 5GI￿nS ayain51 thg ern￿OYee. Prevention of Fraud Executivtts., manuyerb artd employèes al all levels are responslble lor exerclsfng due d111gen￿ and control to prevent, detect aiid report ac15 of fiaud. Those wlio fail to carry out these respoiisibilities wll be subjeot lo dlsciplinary acllon up to and IntJuQingJ lerminalon of employmw)L l Men8 11 i8 tlie iesponsibilily of Exe¢utiv8s and rnanager5 to be faMI￿ar witn the types of improprk?11&5 Uiat m jqhl 0￿1r in Ihelr aree ai)d be aleil for any ind￿alK)n that limpr￿P.T acllvfty. mi$approprlallon pi ishcne5t aclivtly 15 OT vias ￿ ￿￿St￿nGe in his ui 116•f 4fLa al￿ PLII in rAa¢e coiilrols lo avoid such occurr2nces. ofEm R8spon5ibil1tL￿1Oyees It Is Ihe respoiislblllty of all eniployees to eondit¢t Ihelf worK Sciiedule In s(Joh a as lo prevv.Il fréL Occurring ￿ the WOFkplace. EmtAoyee5 Inu51 slso be Bl8rt lo tho p(XsiblllllEE fDrfrHud and be ￿ guard for any Indic?lions Ihal improper or dish)neBI artivty is taking place. ortin It is Ilie rosw)Jisiblllty of all uxecutives, rnarrayers lKI emptoyees to rey)rL any sustxcions of fraud wllhout dew xcor(Ilng lo the prott￿ure laid out below. A person who suspe015 that Iriudu12nl practiGE may oporakn.ng slioulEI, Ilie first InslanGtyi, report Inaltp.r ￿ hislhèr IDsnagei or immediate 5upeTiOI. SIIDLild it ba inapproprbal8 to m3ke such a report to ali Immedlale superiy: the report shouvj be made to that w.￿￿,$ mawer or direcdy lo the Ch Executive. OnGe a TeFX)rl 01sYSP6Cted ffaud is to 6upervtsorlmaiiauerihil person should repoTI the svspklon lo either Ihe chi￿ ExocutiV8 Qr finanr8 DirEclor. A Fraud IIKkleiil Reporl should be completèd by the person reportlng 4uspe¢leO fraud, The FSnance Dlreclor will report èwy incldents lo the Resource Cominlttee. Tliig pollc.y 1% rea(1 In coniunoliot) with thp whl8Ue ￿l0￿￿ng policy. Tlie fraud policy Is revlewed annEJ811y by the kinan( Dir&r.lor.

Page 21 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION {INCORPORATEDI ITHEI MEMBERS OF THE BOARD'S REPORT Ilncorporatlng STRATEGIC REPORTI (cOnt￿ued) YEAR ENDED 31 MARCH 2021 DIRECTORS, REPORT (contlnued) STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS We, thÈ Boar<J members ol the Group. who held oflice at the dale of approvd of these Financlal StalerneD15 set ¢￿t above eath ¢onflm). so far 8SW8 are awar?, that there Is no relevant audlt Inforrnallon olwhich the group's audltors are unaware; and we have taken all the steps Ihal we ought lo have tsken as BoiaTd member6 in order lo mak8 cwrselve5 8w3re of arby relewanl audSt informatlon and to establlsh that Ihe auditors are aware of Ihat Informaticm. The Membérs oflhe 608rd'5 Rèportwhrh 15 prepared underlhe CharflwAct2011.w￿Gh also contains all infomiallon required In a directois, rep)rt by thÈ Cc*npani@s Act20C6. and th8 Incofporaled Slralegi Report prepared under the Companie5 AGL2006. were 3pproved by the Board ofTTuslees on and 5ign¢d'. by order of the Members of the Board MR P BROWN Chief Executlve

Page 23 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI (THE) Oplnlon We have audited the financi81 stslements of Leicester Young Men's Christian Assoaalion Ilncorporaledl (the 'parent company'l and its subsidiary (the 'group') for the year ended 31 March 2021 which comprise the Consolidated Income and Expenditure Account and Slalement of Comprehensive Income, Consolidated and Association Balance Sheets, Consolidated and Association Slalemenls of Changes in ReseNes, Consolidated Slalement of Cash Flows and notes to the financial stalemenls. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalements.. give a true and fair view of the slate of the group's and the parent COMpan￿S affairs as al 31 March 2021 and of the group's income and expenditure for the year then ended., have been property prepared In accordance with Unitsd Kingdom Generally Accepted Accounting Practice., have been properly prepared in accordance with the requirements of the Companies Act 2006, the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of Social Housing 2019. Basis for opinlon We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKI) and applicable saw. Our responsibilities under those standards are further described in the Audilorfs responsibilities forthe audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit e￿dence we have obtsined is sufficient and appropriate to provide a basi5 for our opinion. Conclusions relating to golng concern In auditing the financial slalemenls. we have concluded that the board's use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have perfomied. we have not identified any material uncertalnlies relating lo events or conditions that. individually or collectively, may cast significant doubl on the association's ability to continue as a going concern for a period of al least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responslbilities of the board with respect to going concem are described in the relevant sections of this report. Other information The other information comprises the infomialion included in the annual report, other than the financial slalemenls and our auditorfs ret)ort Ihereon. The Trustees are responsible for the olher informallon. Our Inancial statements does not cover the other information and, except lo the extent otherwise opinion on the f explicitly ststed in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is lo read the other information and, in doing so. consider whether the other informallon is materially inconsistent with the financial slalements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslalemenls. we are required lo determine whetherthere is a material misslalement in the financial slalemenls or a material misstatement of the other informab'on. If, based on the work we have performed. we conclude that there is a material misstatement of this other information. we are required lo report that fact. We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Companle$ Act 2006 In our opinion, based on the work undertaken in the course of the audit= the infomiation given in the Members of the Board's Report {incorporaling Strategic Report} for the financial year for whlch the financial ststemenls are prepared is ¢onsislent with the financial statements: and the Members of the Board's Report lincorporaling Strategic Reportl has been PrePa￿d in accordance with applicable legal requirements.

Page 24 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION (INCORPORATED) ITHEI {CONTINUEDI Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the group and the parent company and thelr environment obtained in the course of the audit, we have not identified material misstatements in the Members of the Board's Report lincorporaling Strategic Reporti. We have nothing to report in respect of the following matters in relation lo which the Companies Act 2006 requires us to report to you if, in our opinion- adequate a￿Ounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us,. or the parent company financial statements are not in agreement with the accounting records and retums,. or certain disclosures of Trustees. remuneration specified by law are not made., we have not received a51 the infoTmatr'on and explanations we require for our audit. In addition, we have nothing lo report in respect of the follow¢ng matterwhere the Housing and Regeneration Act 2008 requires us lo report lo you if. in our oplnion-. sallsfactory system of control over transactions has not been maintained. Respectlve responslbllltles of Trustses As explained more fully in the Statement of the Members of the Board's Responsibilities sel out on page 18, the Trustees {who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the financial staternenls and for being satisfied that they give a true and fair view. and for such internal control as the Trustees detemiine is necessary lo enable the preparation of financial slalements that are free from material misstatement, whether due lo fravd or error. In preparing the financial stalemenls, the Trustees are responsible for assessing the group's and parent company's ability to continue as a going concern, d1sclosing, as applicable, mattets re18ted lo going concem and using the going concern basis of accounting unless the Trustees either intend lo liquidate the group or the parenl company or lo cease operations, or have no realistic alternative but to do so. Audltor's responsibilitles for the audit of the financlal statemgnts We have been appointed auditors under the Cornpanies Act 2006 and section 151 of the Charilles Act 2011 and report in accordance with those Acts. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement. whether due lo fraud or error, and lo issue an audilorfs report that includes our opinion. Reasonable assurance is o high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS (UKI will always detect a material misstatement when it exists. Misstatements can arise frorn fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to Infiuence the economic decisions of users tsken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance wth laws and regulations. We design procedures in line with our responsibilities. outlined above, to delect material misslalemenls in respect of irregularities, including fraud. The extent to whiGh our procedures are capable of detecting irregularities, including fraud is detsiled below.. Discussions with management. including ccfflsideration of known or suspected instances of non- compliance held. Challenging assumptions and judgements made within significant accounting estimates and judgements such as depreciation, bad debt and voids. Identification of key laws and regulations ￿ntral lo the associations operations and review of compliance with such laws including a review of the Charitles Commission website and the Housing and Regeneration Act 2008. Testing of joumal entries and potential override of systems. Because of the inherent limitations of an audit, there is a risk that we wlll not delect all irregularities. including those leading lo a material misslatemenl in the financial statements or non-compliance with regulation. The risk increases the more that compSiance with a law or regulation is removed from the events and transactions refiecled in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater Tegarding irregularities occurring due to fraud rather than ewor. as fraud involves intentional concealment, forgery collusion, omission or misrepresentation.

Page 25 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI {THE} (CONTINUED) A further description of our responsibilltles for the audit of the financial statements is located on the Financial Reporting Council's website at.. htt s'.Ilwww.fr¢.o .uklaudilorsr Qnsibllll This description forms part of our auditorfs report. Use of our report This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state lo them in an auditor's report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this rep¢rt. or for the opinions we have formed. G J&*t&&rt/ Carrie Anne Jensen ACA (Senior Statutory Audltor) For and on behalf of Forrestsr Boyd. Ststutory Auditor Chartered Accountants 26 South Saint Mary's Gate Grimsby DN31 1LW Date.. 71h September 2021

Page 25 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATED) ITHE> CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF COMPREHENSIVE INCOME YEAR ENDED 31 MARCH 2Q21 Note Y•ar endèd 31 March 2021 Year ended 31 March 2020 TURNOVER 3.674,804 3,601,341 Operaliny Costs 13,674.978) 13.520,8641 OPERATING SURPLUS 99,626 80,477 Share of lointveniur8 surplus Interest receivable and slmilar income InleT8St payable and slmllar ch8rg8S Chang8 in fair ¥alue of inveslmernl properliÈs Change In fair v81ue of Snveslmants 12.199 118.229> 15,169 (22,381} 12 13 264.328 68.561 156,9fj61 SURPLUS FOR THE YEAR BEFORE TAX 426,485 16.29g Taxatlon SURPLUS FOR THE YEAR AND TOTAL COMPREHENSIVE INCOME FOR THE YEAR 16.299 426,486 The results relate wholly to continuing activities. The financial statements were appmed by the tx)ard on Mr T Moore (Treasurer) Ms K Hamyllon Ichwrl Th? annexed nolÈs form p3rt of these finorxlal slatsm8nts.

Page 26 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI (THEI GON50LIDATED AND ASSOCIATION BALANCE SHEETS AS AT 31 MARCH 2021 GrL¥up Asso¢iation Z021 2021 2020 2020 FIXED Assgrs Intsngible asset5 Housing properties Other tangible assets Inveslmenl proFrtI8s 10 11 11 12 2.444 3.618.825 32Jf.881 1.570,QOO 4,884 3,891,842 336,346 1,305,672 2,444 3,618,825 211,299 1.570,000 4,884 3,891,842 334.528 1,305,672 5.517,150 5,538,744 5,502,668 5,536,926 Other Invastments 13 444.2fj5 382.278 444,266 3S2.279 5,g61,41S 5.921,022 5.948.834 5,919,205 CURRENT ASSETS Stock6 Debtors Cash and cash equlvalents 14 15 23 1,050 144,974 1.022,4C6 1,653 287.849 638.981 205.029 1,013,416 323,232 623,277 1.168.430 1.218.445 946.509 CURRENT LIABILITIES CredSlor8,' Amounts faI￿ll9 due w¢Lhin one year le Y27,776 838.1C6 929,534 833,968 NET CURRENT ASSETS I{LIABILITIESI TOTAL ASSEfs LESS CURRENT LIABILITE8 240,654 88,377 288.911 112.541 6,202,069 6.009,399 6,235,745 6,031,74fj Creditor5'. Amounts falling due after ¢Me ye8r Provisions for lIa￿li￿e5 17 18 2,676,059 362,317 8,163.693 2,964,397 307.794 2,678.069 362.317 2,964.397 307,794 TOTAL NET ASSETS 2,737,208 3,197,369 2,75g,555 RESERVES UNRESTRICTED FUNDS Designated & general reserv?s Non-charilable trading reserve5 Joint venture reserye 19 3.193.332 (33,5761 2,755,518 122,347) 3,193,332 2.755,518 19 3,159,656 4,037 2.733,171 4.037 3,193,332 4.037 2,755.518 4.037 RESTRICTED FUNDS TOTAL RESERVES 3,163,693 2,737.208 3.197.369 2,759,555 The A53UGialic￿.s s￿￿luS IS £437,814 {2020- £86,101). The38 financLpl stat8mants on pages 25 to 50 were approved by the L￿ard and authon3Ed for Issue on ansj were slgned 118 behall by- MrT Moore Treagur•r Company Registratlon NumbEr 001S9933 M5 K Hamylton Chair

In

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PÈYJC 29 LEICESTER YOUNG MEN'S CHRISMAN ASSOCIATION BNCORPORATEDI (fHEI CONSOLIDATED STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2021 Note 2Q21 2020 QPERATING ACTIVITIES Net C>Jbh yel￿rated Irvrtl OF•Jf81ioll5 NET CASH GENERATED FRonii OPERATING ACTIVITIES 22 488.743 488,743 (26.759) CASH FLOW FROM INVESTING ACTIVITIES Ii)leresl and dlvkiends received Pawnenls to acqiiire larolble fL¥8d assets Proceedq on di6posal of Jolnl Ver)II1Te 15,169 138,6261 90,554 (V.,0631 NFf CASH USED IN INVFSTIN(J ACTIVITIES (59,8641 67,097 CASH FLOW FROM FINANCING ACTIVITIES Payrnpn15 to acqui¥e fLKed asset inv2%tsMents ReGèipls on sale of1Sxed asset Iiivestments Intere31 psid Repayment of borrowings 1101,30Jl 107.879 {18.22DI <31,7Q91 (53,64SI 122.3811 130.3481 NET CASH (USED INIIFROM FINANCING ACTIVJTIES 143.A641 <45,251> NET INCR&4SEI{DECREASEI IN CAsFf AND CASH EQUIVALENTS 385,425 13.9131 CASH AND CASH É¢JUIVALENTS AT THE BEGINNING OF THe YEAEi 836.981 640.894 CASH AND CASH EQUIVALENTS Af END OF YEAR 23 1,(r22,406 B36,981

Page 30 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATICN IINcoBpoBAYEDI ITHEI NOYES TO THE FINANCIAL STATEMEwrs YEAR ENDED 31 MARCH 2021 LEGAL sfATUS AND PRINCIPAL ACCOUNTING POUCIES Thp C.Dnpaiiy IB a private company liinikn4 by guaranteo an English rcy15tsKed ¥od81 hc¥Jslng providei_ Each Inernbef undertakes to cuntribule ari 8mounl ntsl exL'eethng Ip li) the 8v2nl of Ehe A580cialon being wound up. Thero woro 13 mernberb dLFring ltr￿ year12020.'11 InEmbwg1 Th8 address of the Comparpjrs registered office drrti prln(xpdl place of business is 7 Easl Street, L￿cest¥, LE18EY. The Company is a registered oharity and a PLibfL bentsfil ￿ltit￿. The pritKipal ￿tivItieS arg disGlosed in the Membèrs vf the 8oard's ReporL The Corrnpany is incorpordled underthe CompariiLJ¥ Atl 2Q06, Chan"bes Act 2011 and 16 a ￿ale Registered Provid8r of Social Houslny (RPI. Basig of Accounting These lirTrancral ststemenls have pripaiEd iri a(xord8nce wfth UK Qeneralty Avxepled Accounb"ng PraGtice {UK GAAPI, inGludiny FRS 102 'The Flnaiiual R8POrtlw 8Eandard applicab￿ in tho UK and RepLibliL of I￿land. L FFIS 102.1, the Hoiising .SORP 201fl "S￿terne￿I of ReGonirnendEd PraGIiGQ for Reglsleied Housli)q Pi(wide.rs" end r.rimply with ihts. Accountin9 DirecliDn for Private ReglslL4red Providers of &)dal Hous1)9 2.019, and linder Ihp hlslorkal c05t conveTrlicn, èxcept th81 inve¥trrients are hel(l al falr volue. Mmelary arnol￿1$ iri thts¢ fifftanci2t Statem￿7￿ ore r￿nded to the ne3rgst wliote £1, 8XCePt re olhenwse indicated. PRINGIPAL ACCOUNTINO POLICIE8 REDUCED DISCLOSURES In a¢uorLlance with FR8 102, the Gompany hes taken 8clv3ntage of Ihe exemptions frorn the rollowing dlscl¢)sufft requirerryant In tlie individual linancial slalerrEnts ol Leiceslei YDung MEn's Chrlslban AssocAE Iioii. Seob"011 7 'St8lemei)l of Caqh klow3' _ Prasenlatioy of a sta18n￿t of G85h flowy Jr)d Tebled notes and di£closure5. Se¢tM 11 'Uasic Financia5 Instruments. & Section 12 '011Jei' Finandal In8lrumet)t Is6Lies' e&Trying an￿unIs, interest 1ncornelexpensLJ and 71et yainsllusse$ lor each category of finandal insl¥umerl' basis DI det8TfftiniNJ 18ir v6lues', tlclsils ol IxJllgter&l, loaii défaults 01 brea-hes." and detai15 Ot Iicdyés dnd ldging f&r vakue chan9es reeogTrF6d in income or exp8ndilure and in otliL)r ¢ompreFierisivÈ In¢ome_ SecAinD 33'Related Party 0i5dosllr9s'_ CotllVDllSdlion tor key m8nayemenl personnel. The f￿anual Btalein8nts ofthe CDmpany ar@ Induded vthtt)In these flnawial statements. GDing Concern The Group and Company have preparBd detalled budgets and oash flyw foTecasls for t￿ rwlod of a rninirnum of 12 months frorn the datLi uf dpproval of Iliese Iin&]idal slaternenls. Tn mitigate the 1rnp￿ of the COVIO-19 Brisib, the detalle(I buQgel8 and cash tlow forp.casts have beetb subiecteé to a deg￿e of sensitivity analysis for Ilie sarne pp.riod. -I'lip. com11￿>r£I31 luriiover accounts for circa. 8Ya of group lurnt)ver vilui rninimum fixed cost rè4lbcallon.111s assumed that the impact of COWD-19 un thc SOLiice of income for Group and C.nmp8ny will be minirnal. On th81 basis, the m(tMbopi of Board are .%alislied thal11 remaln8 appropr1318 to prepare the h'nancial 51atameiits on the going ¢onceTn ba818.

P￿e 31 LEICESTER YOUhlG MEN'S CH￿ISTIAN ASSOGIATION IINCORPORATPDI ITHEI NOTES TO THE FINANCIAL SYATEMENTS {wilfftubYJ) YE4R ENIDFD 31 MARCH 2021 PRINCIPAL ACCOu￿NG poL￿rEs IcohitinuBdl Turnover TurTrovei Tepresenl¥ rvntral and seTvire chiwges Incorne recolv8ble in Ilio year net of r8nl and service ¢harg@ k)s¥os frDlm volds. SllppDrlini! People incomE. rvtsnue grants from Local ALrthoi'ltles Home5 England. and other Ine.ome. Supportlng People Siippoyliiiu pL￿p[e income and expenrtiiure relating lo $@rviG05 is accounted for on an 8rLruals basks, n)aEol)iiig inGornp ènd expendilure: and dlstsSosures dre made n 8CGordar¢ce wllli the r81evanl staiKl8rd5 and ￿gI￿atIon. 3asi8 tsf Consolldalion These finBncral 5tat2rnents include finaiicial slaloments of the Company and ils subsldlary urndortal(Ing up 10 31 Mar¢li 2021. Uiider 8e¢tioh 408131 of the Cornpanies Act 20rffj the ¢ompar Is Bxempl Irorn the requirarnents lo prewil Its owi) inc0￿e arKI 8xpelldSiure xcount. Tho consolid81ed financrAI statements in¢orpor¢lte those of the Crjnipany and all of Its 5ub5idtsries li.e. entillpq tl)at the Group Conlrols through i15 power lo govern the financlal arid operating pollctes as lo oblaln e¢onUM￿ bL4bntsfit5}. All finallclal staternenls are rnade up lo 31 Marcli 2021. lThveslrnenl in the subsidiary is slaieil at cost. Donations Donatioi)s rècelved forthe oeneral pu￿08¢5 Iha Company are inr,ludad as unreStr￿le￿ funds. DonaliDrk5 for Sctwities rp%lTlCted by the wlsl)es of the dunor are ial(en lo'ieslTlrted fUr￿s. wherrj these wi5he5 3ra lagally blndlng on ltte BO￿￿1. Restrioterl Rese7ves Restrictéd rp8ervp% are those res8rv¥s which ale orkly expendable in 24 C.cLjrde￿e wSth th8 wshe5 f the luDdpr OT requialory bot1y. Expendilure cannot direcuy set aoali)sI MtriLIL.sd ￿serVE4 but ts taken tlirough the Income and Expenditu18 AGcourl A Iraiisfer from festricled reserve5 15 then niadp appropyiate. By thJs mc3lhod, expendiluTe. lyh￿h meets the cillerla.15 d)arg￿ to Ihg fund, tcgetheT wilh a I￿"T altOGad"on of manageme171 expew5. DesEgiiated ReseNo8 Designstr.d r8setNes are parl of unrestr￿le0l ￿serVES iyhiGh have heen eaimart(ed by the BcoFd for a particvlai purpose. Such do5ign3tiOlls rnay be revetsed by luLLiie Board dÈcksion5. tXP8lldlture caiinol be directly sel against de￿gnated rese.Tves, but ks token IhrDu9h Ji811)GDme aiid k%pei)dlttire ALxounl. A tr8nsTer 15 than made froin deslgnaled reseNes as approprrate. Intanglblo oss•l¥ IDlanglble assets are recognised when future econoink benefits are probable and th2 cost of d7P asset c.an be measured reliably. IntRI)gible assets are irTllially racognised at cost aiid are subwuenlly ww5ur8d at cost 16$ accurniilgled amortl9at￿n and aCGuM￿￿ted impaiTmeiit losses. Iiilangible as58ts are aincrtl8ed to inconie or exwndilure on a 5traight-Ilne I￿¥16 over U)elr useful lfvt)S, foNow5'. Website cos(s - overfj years

Pdgci 32 LEICESTER YOUNG fiIEN'S GHRISTIAN ASSOCIATION IINQOFIPORATEDI rrHE) NOTES TO THE FINANc￿L STATEMENTS (Co17t￿ugd) YEAR ENDED 31 MARCH 2021 PRINGIPAL ACCOUNTING POLICIES Iconllnued) AinorllsaD'on is revised prospecliyely for any slgnlficsnl cFl￿ge In useful Ille or restdual value. Oli disposal, the differ¢nGe b8twe2n the disposal proceed6 and Ihe C￿ryIng amrjunt of the 1ntanq1k￿e asset is rer.ogp.ised in income or expeThYiiure. FSxed A8sets and Depreclatlon TangSble fixed asso15. Stat￿ al ¢ost, letss accumulated depre¢EalirJn. DepreG131IDn B Ghargcd on a BtTrighl line ba515 over thc expected eco11￿￿￿¢ iiseful li￿ of Ine a.Isat5 at the following anrhu81 rale5'. rreehold bu1￿￿9￿ Inon4)oushigl cvpr 25 y8aTB Furnitu￿. fixliirc5 c]nd Ill￿119$, IT (wer 3 to 10 yeaT5 (depe￿dent on the eypeclf equSpn)enl er￿nomiC Ilfel L&asehold improvements ovei 25 ye.ars OT the life of .'he lease ff le55 Motor vehiGle5 over 3 year Lifts over 26 y8aT5 Majui cok¥iwiients of houshig rsrop8Tles havé been accounted and dopre¢kited separately Irom Ilie ionnerted l)ousiiig propp.rly st the folloYAng rdl8S'. ¥lructure over 10 to 2J years Kilcheiis and Elalhrocffl5 over J yCJars ElectrfrAI equipment ovor 3 yp£irs LThs ovor 25 yvars Freehold land is not dopreG'ialed. Th8 useful EcoP.ornio Ilves of all taiiglblÉ fixe.d assets ar8 review8d annually. Houslng piopertks arA principally propeTb"es avallable ftjr rent and ore slated at cost loss and provi8Lon foi any impalTrnenl nl cos15 of prcperli(x are ¢cpllollsed to the exlenl that tligy are direttlly attributab￿ to nglng the tirDpettias into w)r￿.￿g tiondi1￿)n lor their intended ilse. Direcuy 8ttiibLitsbl& GOSt¥ incliide Ihp18bour costs o own ompluyees lincludliig developin&ntql?ff, ir.IIDuse architeGls and siirvèyor5) arising direGtly from Il corkStniclic>n OTac4iJisilNy) of the property, and the i￿rV￿er11al costs that woukj have bgen avoided only if the properl¥ had not beèn con51rucled. Impairrnent An 35s8ssment is al each repofting date of there are indication5 that a fixed asset (including houslng propert￿) may be Imp3iEd or that an impairrnenl luss prevlousfy racogn15ed ha5 fully or partially rEvpwed. If such indlcalDn5 exist, the Group estlmat86 the reGoverablo athounl ol as$8t Shortfalls between the carrying value ol fixed asse15 nel uf any associated Soclal Houslng Grant and their recovp.rable amounts, b?ing tliv higlier of fair value less costs Ir) 8RII and valu8- In-iFse of th8 asset based on its Se￿￿9 potenlial, are reeognlsed as Impalrment kkqs in Ihe I￿￿￿e and Exp8nditsEIR Account. Recognised impairmallt105885 are revorsod if. and Mly If, the r8aEonB for Ihe irnpaimienl10sS hAve c.eased to apply. R&versJs uf Irripalm)enl lo$s66 arp recogiilsed ift1ncorne and expcncjiture. On reva15al of ali inipairment Iw, IFie depreciation 01 ?mortisalion is arjjiisted to allocal¥ the ass81'5 re¥tsed c8rrying amDLtiil (ILaSS any Tesidual value) over its remainlng useliil life.

Pa9e 33 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION {INGORPORATED) (THE NOTES TO THE FINANc￿L STATEMENTS (ronlrniied) YEAR ENDED 31 MARCH 2021 PRINCIPAL ACCOUNTIN13 PQLICIES {coThlin118d) Inveslment PropL)rtIès Inve.strneiil wopeilies Ibiduding prowiitlQ3 held under ali operallng le8581 cKJnslsl of cominerua propertie5 and properlies iiol held fr soci31 ben8fil. 'fhese properlies ale initially mea6iired al cost ai)(I sub5equei)Ily measuroLI al fair vdue wliilsl a re.Ilable measure of lalr value Is woil&blo thcrfjt itndue Cobt or effort. Ch3nge5 in falr valup are reoirjnlsed in incoine gnd expeiidrtiire. The Cornpanles Act 2006 roquir&5 311 propeilisq to be (Sep¥eclaied. H(Iwever. tliis reqiilrement conlllcls with Ihe g@i)erally ¢￿cepted accounting princlp18 sel out in FR8 102. The Board consldeiB that. bec¥use investment pToperties are not 1i8ld for consumplkxi, bui for Ilielr inve$linenl wtfriilial. lo (l@pr8ciate Ih8ni wrould not Iiue aiid f&K view. If th￿ dEparlure froTn the Comp8niÉs Act 2006 Iiad nol been Inade in order lo giv& a trLie and falr vw. Ihe profit for the financial year woiild have been rediic@d by doprts¢lalion. H¢JtheveT, the amourtt of dopreck41ion C￿n￿0t reasonably be quanufied because dopretstalion is only one of many f￿GtOrS refteGt8d in the annu31 Val￿tI￿r) atKI the £￿0[1￿1 relthllrw tv tho deprcciatioTh of the Pft)PQfly csnnot be s8paralely rdenufsed. Investmerstg and Investinènt In¢otn Invua51ments are Garried 8t fail value. Changes hi f8k v￿ue are incliidwd in IhD lllGon and Expendilure Account. Invaslment incorne ￿ accounlèd for Iii tho pertod In wn￿1) Iho Group is entitled to receipt. Stocks SIoLks are induded at the lowér of cost and net reabthle value. Taxatlon The Associilion ha8 r.IiaritaUe slalus Is re0lsler￿ wilh the Charity Commisslor> and therefora exernpt ffom paying Coi"poration Tax on chafilable activitie5. Value Added Ta Iwecoveiabl8 VAT which can be attributed lo a capltal Item Dr BxpenLtilure is 8ddad to thp enst of the czpital itg.m or expenses wii¢re practl¢oble and niatsiyl. Employ8e Bonefits The cost5 01.%hort-18rin employee benefits are recognised as a li3biliÉy and an expense. Th& besl estiinat¢ ol the expendilure requlnxl to setu8 an obligation tor terminatKJn benelits 19 r￿QgnISed iminedlalely exper)se whEll the Gonipany is dwn01￿l[ab￿ c￿nn)1tted to lemiin&l8 the ernploymw)t of an ernpky2e or lo providetemiSnation ben8fits. Government Gran1$ Governrnenl grants Include gt¥ils re-eiwdble frorn Homes England. local aiithoiitks and othor overnrnanl b)di8S. Govoriiment gtall15 are wognld at Ihe fstr value of Ihe asset recefvèd or r8ceivable when there is reasonabte assurance Ihit Ihe 9rBnt con(Jillons IWII ￿ Met. and the granL% will ba reGBVgd. GovernrTr)enl gitifiis rEiceived for housing propGrllp.s ¥rR recogiiised in income over the useful e￿nomi￿ litLS of thc 51ruclure of the asset aTrd: whe.re 3pplicable: the Iiilivldlial cumportents ol the strLt¢ture lexGludin9 kndl undar tlie ace.ruals rnodel, Gnvwninonl grants relating lo reveniie ufe recognised as Incorne over Ihe perfods vtheii the rekied costs are incurred on¢e roè]Èoiiable 8SsuranGè ha5 b88n 98ill8d tlial the Company wlll cnmply ivith Ihe c(xidiUons and the fLind5 IF￿11 be recerqed.

Page 34 LEICESTER YOUNfj MEN'S CHRISTk4N ASSOCIATION IINCORFQRAYEDI ITH NOTES TO THE FINANCIAL STATEtIEENTS (trDnttriLIL YEAk ENDED 31 MARCH 2021 PRINGIPAL ACCOUNTING POUCES [C0nbThi￿￿J othor G(anis Grwits T8¢dve¢ fr￿Tr non-goveinrnenl SQLif￿5 ¥r& rocogiilsed uslng the perforinancg modd. Grants aTe Tectsonised income when thè aSs0￿￿tE￿ porformaiice con(litioiis alp. niet Leas￿ As$¢tS Rerjtals Payab￿ linder operatiryJ 18ase5 are (BrgvJ ID the Incorr)e armj Expendltiire Account on a straighl line basls over Ihe12ase Eerffl. PensTon Costs Dennpd beii&fll plans The Company participated in 2 niuIti-8fflploycr dL)flned teiiefil plan lor einployees nf vf4ACA5 in England, Scotland and W8les which SWd5 cthed lo now rnernbers &)d on 3r) April 2007. Due to insuflicienl infnrrnatson, Ehe plan's aGl￿arY Iiys 8dvk%ecl Iliat it bs iiol possible ta separ3tely entify the a%sets kabilith"e5 rdating lo Lek'eslei Young Men's Chri6tlaii Associallon. As Cle￿nbed In note18 Leice5ker Young Men's Glirlslian Asso(latlon h9$ a r.onlraciLial obIVJ8t￿n lo make pensi￿ dp.ficjt paymen15 1)f £4S.648 PEE over Ilie perlo(J to April 2V29, aC£￿rdIng[Y this 15 Shown as a liab5111y Iii these aGGOUnts. In addiliun, Leloester Youiiq Men"s Chrfsi53n Assoc¢8tion L% reqiilr¢rJ lo contribute £1 1.040 to the operdlino expensgs of Ihe Pension Flan and IhesL' casts are charged to the Statement Of Compreheiiswe Inconie as made. gefin8d conlilbirtion i?lan.v The Group al%0 opeTat8s a defined Contribut￿ Fjension scheme for emrlcby8&s. The asset5 of the splieme are hald 5ep3rately froTn Ihose ()f the Groiip. The aDnu81 cr)nlribu'ions pay8ble sre charged lo the Inci)me and Expendiiuro ALevUlIt, Differences belYJ8en contrlbulbns payable in the y?2r and conlrlbutlons actudlly patd are shown as Rither 3ccru8k or piep8yffl8nts. Flnaiiciil Instruments Ib¢ Group has elecl8d to BPEAY the provL%bns ot bertlon 11 'Ba5ic Financlal In5trument¥' ariil Section f2 '0kher linancid Instr￿nient5 Issue¥ of FRS 102, Sn ￿11. lo all of ils financial inthrnenls. Flii3nGial a55els 8nd fSnaiieial1Sabililies are reeognised when lThe GroL1P bECOrnOS a party lo 11)e contractual provi510n5 of Ilie inslrurneiil ￿]￿ are offsel ￿nlY whén Ile Group LurreTrtly hds a 011y anfoiceable right to sel off tkie recogiiised amoiint% and inlend5 eilher to setue on ¥J nL4 Ikwi8. or rea115e the asset 8nd solULJ the liabi15ly simullaneously. Fin8ncial as3etS Dp.blo Debtors wt)kh ore rece1va￿e within year whkli not consllule a financing transK)n are In1￿81[Y measured al the tf8ns8Ction priG8. DLJbtors are siibsequpnuy IM¢asured al amc>rtls& cost, being the t￿n￿￿tIon pilce18ss any Aimouiils setiled and ai)y Imp￿1￿￿￿1 Ioss2E. Where 11)e arreNJement vAdi a debtor EDn&l'lutes a financii)g ITon88ctioii, 4Jèblor is inilAIIy and sutLseqiIentty measured al the pr5enl valve of futtire. payments discojnted al a markel rdte of Inlerest for a Sliv￿ar debt in5truneNt A provlsk)n for Impalrrrnent of deblDrs js. establlsl)ed when Ihere Is obl8cdv8 8wdenGe that the aniounl$ iiue will not collected scLor&lng lo 11)e OriqNial terms ol Ihe contract ImpairnEnt losses ale re¢pgni52d in income or QKpendi11lTe for the. pxcèss of lh8 twrying v31ua ol the trado ¢Ypbtor ovér the pr858nl valuo of the future cash Ilows dlscounlgd using thg orvJinEI Lffe¢llYe inlarèsl rata. SLibsequent revLif8dis ol an ImpainneDI loss Ih3t objectively rElate lo ¥veiil or.currlng 3fter the impairrnLinl luss recogni.8ed: ar8 recognised inimeclralaly in iiiG'ome or exp811dilure.

Page 35 LEICESTER YOUNG MEN'S CHRtSTIAN ASSOCIATION IINCORPORATEDI ITHEI NOIES TO THE FINANCIAL STATEMENTS (GoTrbnuudJ YEAR ENDED 31 f4sARCH 2021 PRINCIPAL ACCOUNTING POLICES fcontinir•dJ Flnancial Ik7bllili8s QLYlilO Credllor8 poyahle wilhin onts yLl•dr thcil do nvk GonstitiJle a financing tr8nsaclion are initially rnEasured al IhE tiany3ction price 3nd 5ubsequ8ntly rneasUl8d at aniortisEd cost. beiNg the tsansacltoil pfiGe lèss any amotsnts 5EIVed. Wnere th8 ariangernent with a GreditOT COn5ti1utes a fiiwcing tian5aclK)n. Uie creoitor Is inibally nd 3ub5equently me85ur8d at th8 pr4sent valu8 of future payments disco¢Ji)led 8t a market rat£ of intere51 for s Similar ifj5trLt.Thenl. DereGognit1￿) Df fI￿AnCial assels andl10h￿rfIe. A financial 3ssèI rs deTecOgn￿ed only when the rrjiilraclijal rlghts to cash IIow5 8xpSre. or are 3ellled, or substanlially 811 the risks and revJsrds of nlvnership are transferred lo anothe.r party, or if some 5rgniliGanl ri8k5 8nd rewards of uNller5hlp are rptne6 bill coiitrol of th8 asset hes tiai%ferr8d lo anoth￿ party th81 is able to sell the In Its Fjiilvely lo Ali unrel3ted third party. A fliiancial liab15ity lor part Iliewf) Is dwecognlsed wheii tho obligallon specilkd In Ihp contract dIScha￿ed, Call￿1[erI or axpir¢%. Provlslovs Piovi$lon$ 3re ¥e.r.ngntsed wheii the C7roup lias an obliqalion al Ihe repoiliiiq Qale as a resurt of a p?.4t eventivhl¢h11 is probable Y￿11 result in IhetransfeF Gl economlc benefits and Uialobllgalion can bv estlmalod iellably. Critical xcountlng •stlmat¢s and areas of Judgement .stiinates and judgeinents are continually evaluated aiid are IAsed on historical vxporionco and other faclors, irlcludlng expe0lalfv￿G offirtUTe events that are belleved lo te reas4J)abb under the circum%taiice6. Crrfical a¢oouiilAna estimgL Ètrs assiinlp1￿lls Tke Group niges eslirnates and as'sumptions concernlng the futurtx Tlie res￿1t1[19 acU￿nting ests"males and assiimplions will, by dL4finition. seldoni equtil Ine related actual results. The estim21es and assuinpllons Ilial li£we & s￿nIfiCant risk of causing a msjlorldl ¥djiistm2nl b the carrylrkg einounls of assets and Ilabilities wlthin the next flnandal year disLu5sEd bebN. Ponskni DolKII LIQb￿rtY In calciilEiliiw th& waluv ol the contracu81 liabl1￿Y {cktdilod in NutLI 181, 3 dk£cllLint rate of 3°A has been aprAied to the pa￿ll￿nIS du& In future years ITr order lo deteimlm Ilieir prpsEnt value. pccl¢d E6oiiomi6. U&wfiJl Lif&• of F￿￿£1￿￿11 The Liselul ownomic life ol fixed a5S815 Idetailed in Nc)le 111 is a key accounllng e5tSmate. Invoslnt<Jril PfUP¥rtt&S Tho valudlbon of thè investment pruportiB5 Id8lailod in N¢tD 121 ￿ fe￿eW8d 8nnuatly by the tloatd to ass￿ whvlhoi" d there 15 a diminEltion in Ihe crying value of the 35sets. The p8fGenlage of 'mixed usè, proyerlie5 ￿￿erned a5 'in￿stn7enI ptop2rty' wa5 C81Giilated basad on size of area as Por thè ccmpletcd Vciludlion 5urvoy by Illnes England.

Pagè 38 LEICESTER YOUNG MEN'8 CHRISTIAN ASSOCIATION (INCORPORATED) (THEI NOTES TO THE FINANICIAL STATEMENTS (￿titi￿lIe YEAR eNDÉD 31 MARCH 2021 GROUP TURNOVER AND OPERATING SURPLUSI(DEHCIT) Year to 31 Maroh 2021 Opvrating $urplug1 Idefi¢iti Qporating Costs Ttsrhover SrtSal Hoijsing Non Social blousing acbvities 2.228.900 (1.937.110) 1.445.704 (1,637,868) <192,IB41 Tot 3.674.604 13.574,97BI 99,626 Year to Jl March 2020 Operating gyrplusl ldeficitl Oporatlng costs Turnover 8(xiaS Housing Non Social Housing activities 2,068.486 {1:87LJ,2251 f 89.261 1,532,845 (1,64fj,6391 1108.784> Total 3.601.341 13,620.8641 80.477 Non-st¢ial houslng tumover inrludeg anioiints of £250.688 P020.' £01 teGelved un¢Jer tti Goveriirneiits Covld Job Relentlon Scl&ine and the busi17e5s r3le5 ietiel schomo.

LEICESTER YOUNG MEN'S CHRISTIAhl ASSOCIATION IINGORPORATEDI rrHEI NOTES TO THE FINANCIAL STATEMENTS (¢¢Mfln(pd? YEAR ENDED 31 MARCH 1024 TURNOVER, COST OFSALES, QPERATING eosTS AND OPERATING SURPLUS Parl*ulars of GroLif) iiKome and &XPEndibJre fioin social housing lp.ltsngs General Houslng 2021 Genoral Housin9 2020 TURNOVER FROM SOCIAL OUSING LErriNGS Rent r￿￿1Vable nel of voids Sorviy Gh¥rgas rO￿l¥3b 25,¥27 445,224 910,409 430.489 NIT RENTAL INCOME 1.371,151 1,840,898 Supporting pa0￿￿ CODlract In¢Drne Other rewiue gTanls Gr8tkl anKrtisatM) 428.830 170,379 258,740 408.219 5g,984 259.385 TURNOVE.R FROM.%ofiAL IOUSING L&l'fiNGS 2228.900 2,068,486 CXPE,NDITURE ON SOC.IAL klOUSINC) LEi fiNC.8 rirecl rnstq st8ffing AdminFslrallon Depretriabon and arn¢￿satiOn Dlalntr.iience ervlces SeNice charge eosls 6.487 984,929 63,05() 38,3211 22,311 48,427 424,¢J61 175.053 237.920 2 Jf,563 43,829 424,287 OPERATING COSTS ON SOCIAL HOUSING LETTINGS 11,93'7,110) 11,879,225) OPERATING SURPLUS ON 8OGIAL HDUSING LETTINGS 291. 190 189.261 Reiillosses on volds 41,1162

Pege 38 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION {INCORPORATEDI ITHE) NOTES TO THE FINANCIAL STATEMENTS {Garrt￿￿edJ YEAR ENDED 31 MARCH 2021 OPEIiATING IDEFICITIISURPLUS The oper8Ung surplus is staled after ch8rgingllcredilingl.. GroL4P 2024 202 Depredailon of housing properbes Depreclats"¢)n of other tsnglble Irxed a66eis Amortlsallon ol Intangible fixed asse15 AmOrt￿all0ll ol grants Auditor's remuneration (audit ser￿ces) Audlloi's rernuneratk)n Inon-audit workl Operallng lease rent215 Cost of stocks recognlsed a6 an expense 296,857 296,874 58,688 55.861 2.440 2.440 <258,740} 1259,3861 11500 17,865 1,000 1,1SO 59,073 27.909 g8 32.375 Expendlture on Supported Houging Letting ActlvStlo6 East Street 48 roorns12020.' 48 room5), Aylestone Centre 35 rooms12020.' 35 roomsl 20 Glenfield Road 5 room$12020. 6 r00Th51 Franthe Road Q room512020,' 0 rooms) 39 Glenfiold Road S rooms12020.. S roDm5} 332 Ayle3tone Road 6 rooms {2020.. 6 r00rn51 17 Portland Road S rooms12020'. 5 rooms} I￿rERE¥r RECEIVABLE AND SIMILAR INCOME Group 2021 2020 Inlgresl on bank deposlls Incom6 from Ilsted Investments 12,199 14.921 12.qgg 16,169

Payo 39 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION (INQORPORATED} ITHEI NOTES TO THE FINANCIAL STATEMENTS fwnliniJedJ YEAR ENDED 31 MARCH 2021 INTEREST PAYABLE AND SIMILAR CHARGES Group 2021 202ts YMCA pell51011 nolK)nql finance charge {Note 181 Int8r851 on bank loan 9,234 e.995 10,2A6 12,135 18,Tr.9 22,381 DIRECTORS. EMOLUMENTS Th& Dlrer.lots are defiiied as the rtlLirriker5 of the Bo¥rd, the Ghlef Execullve and otlier Senior x&¢ul￿e$. None of Ibe merrsbers of the Board recelved emolurrienls. Del&ik of the Chiet xer.utive's ollw sentor EXeCUJ￿5. en￿Vin￿ntS h respect of serv￿8 lo tlio Company are &8 follows.. 2021 2020 Basic salary Pen8ion Contr￿1 tiDns 248.801 12.790 218,467 2.51,294 2D21 2020 Numbèr of Diwtors a￿l￿1n￿ benelils in the PL*nsion sthenie Ernolumenls dL£closp.0 above Iiiolutle Ilie folloiifjng pBrd to the Ilgl)esl p8ld dlreclur. 2021 2020 Emdutnants fDr qualifying seDAces Pen5ioTh contrlbuffion 107,260 £5,598 107,3B5 6,751 'rhe Chief Fxecutwe is a membèr ofthe CoinpaThy'% pensioii scheme. He ￿. ari Drdinary meinber ol th8 peiisiork seheino arid no enlianced or speci?118img 1pplY. The Company dogs not rnake any filrther conlribulions tu an individual pp.nsion arrangemeiit for11)e ChiL¥f ExECUtive.

Page 40 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI ITHE) NOTES TO THE FINANCIAL STATEMENTS (C.￿)lIn(￿ YEAR ENDED 31 PJL4RCH 2021 EMPLOYEE INFORMATION 2Q21 No. 2020 Average nurnbar of FWEons [InGluding part4'r[￿ ernpbyees aiid the Chlel ExecutPl8 t>ut excludes Casual SlalQ 61rtPWed duriiig frhe year Y9 r.ull lima aquw3',crit {40 hours FEr weekl 66 The Group also liolds a bank of casual slaff (se55ional> can be called oi) lo (xwer shoTI term unexpe¢led absences. During the year the Group had 18 o&%uat slaff oji ilfj bwks12Q2tr. IS). 2021 Stsff costs Ifortho abovè PgNJnsl WJuL5 8lld lanes SULKI ¥ccurily costs Olhor yEn*on costs 1,898,856 1 Jf5.031 43 051 1,760,241 144,005 40,587 2.D9fj,938 1.944,833 There wer8 two employBes whose inconie ex¢eeded tEiD.000 (2020." two) and one lèll wilhln tl £100.001- £110,OOQ brddiel durlng the yeai l?.020'. onp. in the £90.001- £100.000 bratrlc&ll. The tota] conipensation of L&mplDyees who are consldered lo ba the key tnanagginenl wsonnel ', th8 GroLlP wa5 £288.70312020'. F.279:4951. TheTe w8ra no expenses rL4-Iti1rt￿d by Eo?( Id members In 2021 or 2020. 10. INTANGIBLE FIXED ASSETS Group and Association Websiie Gosts Cost At l Aprll 2020 Addltions 12.204 At 3f March 2021 12.204 Amorti5atloi1 At l April 2020 Charge for the yaar 7,320 2,440 Al 31 March 2021 9,7GO W8t Book Valuo Al 31 March 2021 Al31 ￿k￿Y￿) 2020 4,884

Pau8 41 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION (INCORPORATED) ￿ HEI NOTES TO THE FINANCIAL 3TATEMENTS (conlA17uA4J YEAR ENDED 31 fdlARCH 202 11. TANGEBLE FIXED ASSETS GroLlP and Associatlon Soclal Houslng Propertie$ held for letting Cost At 1 April 2020 Properties acqiiifed Works to existing propertles DIsposL?Is- component ivrlto-off 7,462.4 23.840 Al 31 March 2021 7.486.284 Doprèclatfjon Al l April 2020 Ghaiue ltsr Ihe year ElirTiin8lod on dp5posals- coinwnent vKile-off 3.570.602 296.857 Al 31 March 2Wdl 3.867.4af9 Net Book Value At 31 Mar¢h 2021 3,618,82J Al 31 M3rGh 2020 3.891.842 In accordance wth th8 accouiiting policyi In¢luded wilhln Housiiig Piopwlios Ihi5tOFical c05ti, the Group and As50Giation have. c.3￿131￿￿e¢l in the year £23:84012¢J20.' £14.122} of exp2ndllure OD works to e￿sIng prop8rlkJs, No capital expend1ture has be￿) Includeil in tlie Incorne & Exp8ndilure Accounl1202U,' £nlll. Depreciation charge for th8 year 2021 Zozo Annual depreciatbn cha¥ge ACce￿ed éppredauon component w￿le off 296.857 296,627 247 296,857 296,874

Page 42 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION 15NCORPORATED) rrHEI NOTES ro THE FINANCIAL STATEMENTS [G￿lItI￿LIed) YEAR ENDED 31 MARCH 2021 11. TANGIBLE FIXED ASSETS (contlnuedj Gmup Freèhold Furnlture Land & fixtures & Bulldliigs Fitiings Llft TOTAL GOST Al l Apftl 2￿20 Addltlons 916.g14 607,939 48,223 299,936 1,7￿,789 48,?9.3 Al 31 March 2U21 91B.914 1,775,012 DEPRECIATIQN Al 1 April 2020 Ch2rge for the year Disp03BIs 751,481 19,482 359,75 27,2U6 279.207 12.000 1.390.￿￿3 58.688 At 31 Matrh 20?.1 770.063 386.961 291,207 1,449,131 NET BOOKVALUE Al March 2021 147,951 1b9,2U1 8.729 325,881 At 31 Maroh 2020 187.433 148,184 20.729 33fj.34fj AssoGÉatlon Freehold Fumltur# Land & Ftxture5 & 8uiWings Fittings Lift TOTAL COST At 1 April 2020 Additions D5SP05a15 918.914 49& 825 34.223 2￿.936 1,714:67S 34,223 Ai 31 Mgrcl) 20?1 918.914 530.04 299,936 1.748,898 DPPRECIAMON At 1 ApTiI 2020 C17arge fr>r the year Disposals 701,481 19,4V. 2'19,207 1,380.147 12,¢)00 Ai 31 MgJr¢h 2W21 170,g83 376.429 291,207 1,437,59q NET BOOKVALUE Al 31 Mareb 2()21 147,e51 154,619 fs.729 311,299 At al March 2020 167,433 146,3S6 20.729 324,528

Page 43 LEICESTER YOUNG MEN'S CHRISTIAN AS80CIATION IINCORPORATEDI (THEI NOTES TO THE FINANCIAL STATEMENT¥ {coiitlnuedJ YEIR ENDED 31 MARCH 2021 12. INVESTMENT PROPERTIES Group and Assoclation 2021 2020 A11Apr Increase in fair value 1.305,672 284,326 1,30b,672 Al 31 Mwch 1,b70.OOU 1.¥fr5.fi72. 85tmgnt ycperiie% we.rÉ> valued as al 31 March 2021 by lTrnes Ingland. I'lie valuatton of the group s properties was carried out lfi a0￿￿￿nCl with Ihe Royal Inslilule ol Pharlered Suiveyois I'Rlf.8"I Prof86sioI)al Stanrlards UK January 2014 and with parllc.ular reqard ￿ F1nan¢lai Fqpnoilliig Siandard 10?. the Social Housing Slaterngnl of Re¢omlMeno￿j PraC￿"c8. The increase in fair value of £264,328 lor Ihe invosttneiil propeibes as at 31 Merch 2021 was 8cc,epled by the Boaid of TrLfStees. 13. FIXED ASSET INVESTMENTS A$so¢iation Investi￿ont in $ub$idiary company The company own8 Ilie wholL) of th@ OTdinary shaTe capSlal (i OTdlnaTy share of £1) of Y Leisure l.Imlled. Tne compiE fty Is InoorpoiatEd in Gr881 Brltain and register￿ iii England and Wales £ihd has been establlslEd ta tsrry Dn trarfing actlvibès on the Association's beh￿[[. Ils reglslered DffiGe j* ¥el out on p39e I, Y Leisure Llmited op¥r8teB a bar for the use ot p8tTDDS of Asso¢Latlon al￿ iYLnibws of the publlc. The conipany will gÈll aid 8ny taxable profiis to Letestey YNCA. A sumrrldty vf its Icading resulls ￿ shov4n telow.. 2021 2020 PToflt and lo¥s ac¢ount Turnover Cost ol sale8 63.601 (s¢,g841 16.2271 Gros&110ssllprofil 10,227) 8.61Y AdmlniStratl¥e oxpanses 15,1021 (7.8651 ProllVILossl Dn ordinary acti￿71eS before. ar￿ after tsx ond flitained (11.829) 'Ib2 Capltal and resÈrvès 133.6771 {22,a481

Pag￿ LEICESTER YDUKG MENPS CHRISTIAN ASSOCIATION IINCORPOMATED) (THE) NOTES TO THE FINANCIAL STATEIIIENTS {0￿[￿11{1￿d) YEAR ENDED 31 PJIARCH 2021 13. FIXED ASSET INVESTmE￿rs {contlnii8dl 2021 2QZO Groiip and As50Glatlon other li1vests￿ent￿- listed at falr yalup At 1 April Additions Oisp05815 Reatised g8in on dispDsal Unreali5ed g8inlldEfiGiLI 382.278 101,305 1107,8791 7,700 fj0.861 44r?,722 161.1231 1,625 511,5911 Al 31 March 444.26% HistorirAI cost 37T,216 $82,092 14. STOCKS Group Association 2021 202 202D 2020 G(Kxlg kjr reS￿e fj,853 15. DEBfoRS Groiip 2021 As$o¢latlon 2021 2020 2020 14ou5ing debtors Other trade debtors d&bt provislon Dunl owed Ircrn 5ubsbYiary conipany oth.er d8biors 8e,438 23,369 (18.9401 86.421 83,e05 {IT,QSO) 98.4311 86,421 83,80b 117,ObOI {1 B,¢1401 36,139 1.506 350 2.264 350 Pr8paymenls & ac￿u0d Intioffte 41,757 41.'157 132.409 144.914 287.849 20J,029 23,232 Arnounls written uff Iioubing debtoiE in Ihe ypar afflounled lo £25:269 [202D.' PJ,7321.

Pagv 45 LEICESTRR YOUNG MEN'S CHRisfiAN ASSOCIATION IINCORPORATEUI ITHEI NOTES TO THE FINANCFAL STATEMENT5 r￿litIn119d) YEAR ENDED 31 MARCH 2021 16. GRFJJITORS Arnoullts falllng (+ue wlthln onts yèar Group A$so¢iatitsn 2021 2020 2021 2020 Trade CTgditors aiik loan T?xinn & Sociel Seourlty Accruals Deferred income Olher credltors eferred ¢apilal granl Isee note 17) 325.8tJO 30.930 40.318 70,903 IS5,305 151,576 31,8fj1 39,286 95,907 325,690 30,930 43.220 70.903 19J.305 150,418 31,861 37.4&3 95.907 6,6:X) 259,O¥A. 267,82A 269.002 927.776 838.108 92g.534 833, 17. CREDITORS Amounls falllng du? after ono yoar Group As$¢elatlon 2021 2020 2021 2D20 8ank103n Dgferrèd Gapital grant 322.037 2,354,022 352.904 2.611.493 d22,037 2.3E4,OJ2 352,904 2,fj11,493 2,67e,ofJ9 2.964.397 16Y6.0.fj9 ?.,964.397 The bank k)att S secured by a legal charge over 7 East Street Lefftstpr: LE16CY. GTgilP and Assoclation 2021 2D20 D+fèrrpd Gapitsl grant As aE 1 April mOrti￿110n 2,870,586 1258.740} 3,129,970 1?.59,3851 A5 at 21 March Le￿.. due1n less than one year 2.611.8d8 1257.8241 2.871?.5#5 (259,og2} DUÈ after morè Vwii year 2.354,022 2,61a.493 Group and A8soclallon 2021 2020 Bank Loan Amourtl& Idlllns dua in5talnients after niore ih&n live yers 119,810 218,900 R¢p¢]ymenl tErm5 being ITkonlhly Dver a 15-year lemi 8t an inler85t rate of 2.411% p.a 12020.. 1.￿¥0). term5 to be reviewed afler 10 yLl8f5 in febru3¥y 2026.

Page 46 LEJCESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IIKCORPORATED) ffHEI NOTES TO THE FINANCiAL STATEMENTS (conbnu8d) YEAR ENDED 31 NtARCH 2021 18. PENSION PROVISION Grixip and AssoGiatk>n YMCA Ponslon 2021 2020 1 Awll 307.794 341,51 PaSd in the year 145,2901 {43,97',1 Ilnvilndlng of dlscounl INDte 71 Change In funding deficit arr￿)gements 31 M3rGh 9,234 10,24S 90,Jf79 362,317 3n7,YQ4 LDlccslor Yuuna Men's Chrlsli2n Association p3rtic4patod In a conmbutory pengon plan providing delinod beriefils on final pènsTrJnable pay for 8mployees of YMGAS In è'ng13nd. Swdalld Waleb. The assets ol the YMCA Pension Plan Jrc. IILild separately from Ihose of L￿CeSter Ywng M8n's Gliristiaii Association and EJI IhL y¥arnd Iliese w?re invested in Ihe Mer Dw)amic De-riskiiig Solution, 40% rnaiching poillolio arhd ￿ In the growlh pDrtlo1￿ and 8¢hrotier 1pro￿.rtY lili1￿ only). Tlie niosl recejil Goinpleled three y8sr valiiailon was as al 1 May 202D. The assLimptions us￿1 which have Ilie mogl qlgniiicanl effeGI cn Ihc results. ol the valiiallon 8r8 thc15e r81ating fD th@ assumeil ralos of retum on a55Dts held before and aller relirernenl Df 2.59% did 1.09% respectively, the increase in p8nsIDllb in paymeirt of ?..90Yo (hr RPI capped al Jf% p.a.l. end the averaqe Ilfe expactanGy fr￿￿ normal reliremenl a9e lof lor 3 cuwgnl pensionèr of 22.G years, f8male 24.4 ye2rs, 2nd 23.7 yLiars for a Inale ppnsrjnèr, female 26.% y8ars. retiring In 20 years, time. Thg rasull ol valLtalion showe(S Ihatthe ar,luaiial ¥alue of the a5S@tS Vfds f.146.1m, whleh repieseiiled 7g°/o of benefits thai had accw8d to mel￿￿eT5. Th8 Pen%icJn Plan ivs5 cIu5LvJ lo iiew niemb*n8 ancl futUTe 5er¥ice accrual vAtli effect 30 IKDrll 21)07. With the removal vf It￿ salary Iliikage for ben8fits all empioyod deferred member becaThg deferred rnembar5 ay frurn l May 2011. The valuation prepared al 1 Mey 2070 showpd th31 the YMCA PensEon FI￿7 liatl a def￿1t Df L76 rnillion. The As5oG￿liUn has beeii ￿1viSed tiial il ivill need to nak¥ Inoiilhly conlrlbulions of £3,8E17 from 1 May 2(r21. Thi% amount is based on the current actuarfal a8sumpllon6 las oiilSjDad abnvol aiid may vary in Ihc future as a r￿lIt ol 8GhJal perfoMaThGo tsl Ihe P8nslon Plan. I'he eurrenl recovery period is B yedrs ooirn)encing 1st DAay 2021. Ropayable Aftar mo tlian ono year Wlthln On8 year One to Two to two years five years After fiv8 yeH7% Total Asat 31 March 2021 45,?.90_ 45.29D 135868 135,869 31ra27 a62,317 31 March 2Q20 43 g71 In ￿dItIOn, LeLe61p.i Young M?n's Christian As60¢kqUon InAy h3ve over titne liabilities In Ili¢ eveiiLof the nOr).pay￿8nt by othèr parliGIFJ<iting ymc￿ of their share of tha YMCA pon￿on Plan's de￿¢￿t. 5t is nat P05slble currglluy lo qiiantify the sioten)al amounl Ihal Lelcesler Yoiing Men's Bhrislian Assaciation may be callcd Ljpon lo i?oy In Ihp fubjre. 43 971 131,911 157,941 . 263,823 307,794

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)rQ4-(YfQ4n I D Lt) S￿0 rf) fo tDOrf4) Inor) <fjoo l *0) L)C) 00£ I C J o(n c￿0 ?￿Z ozrLiL

PayD48 LEIGESTER YOUN(4 fyIEN'SCHRisYIAN ASSOCIATION (INWRPORATEDI ITHEI NOTES TO THE FINANCHL STATEMENTS (r(Jn￿￿￿￿.r4 YEAR ENDED 31 r4lARCH 2021 19. RESERVES.. rnovpmohts In the year (4.'onikidAd) TYan$ferg TIIL Irr]nsfvrfrorn reslActed iurtds ￿m￿nIng10£0-1.fj31tD non-hou5ing actsvitios gei)eral r&serv8 ts lu reflLicl a Thollonal rental plig192 br the vs8 ol premiE8S for the 8ctivf(SeJ wpptril by these restricted fundb. The Boè]rd memL)er6 have reviawd the d85ignaled al the ycar-vyd whlch are separate lo yLAnera rosèrves of the t3roup vlthiii the unrestricted fund5. AL￿￿diNg1y. 11)e approprlale transfers have been made lo ropr&sg111 Ihe decIs￿￿ In8d8 With rEspocI trj deglgnated lunds. RL4slrictcd reserves reLile lo rnonies [￿1ved, only lo 8xpensed a9ains1 Ili* &pc¢lflc proj￿1 th1c I rnonÈQS were InleiideAJ foi. Elelmv Is a brlef descrfplion of each rostrlcled re$er¥e', Y-support Prolert- L02al Aulhorlty grant for a day centre drop-bn sorvice for vu1118table. aiid StreL￿ homel&ss people. Iha Ralpli Ha18 resérvE WBS a donBlion lo Ilie projeci for equipment. Th& Ctskl Vvealher Café donation Is for the provision of hot meal& during the wlnler Inonlhs. The Now Opporluiiilies Foundation (NOFI oranlwas used forlhe Iidll tighllng which Is now cta6sed as investment property. Heritage Lollery-Qr?iil furding for a 3 ye3r project to L>ngagevulnerable arid disadvantaged young people to the And hetil8ge sector. Arts Coull¢ll Icultural Relief Fundl - COMD rollef yr6nl to ensure th81 the theatré carb re- open post national lockitown. Henry &>Mllh - Thls gr3nL furKJed the pog111011 uf a Complex NeefJs supwi1 worker lo work with the ynijng res￿ents. Paul Harnlyn Foundation - to dovelop a 'Youth Panel, to engage vith thè ￿10￿81 'Shinp proi8cl. L&lcp.8t8rshlre OPCG - tu dcvDk)p thnd ièsearch an e.ducallonal 5chèrne b combal kThife crlrnp. and gang violence. DCS {DBC Childrer Kn NeLndl - Grniyt lunditw for a projert to h81p disablgd young pwpl develop Indepand?nt livlrrfJ Sk￿$. Safe & soul￿ IHomele3s Llnkl pllot project ollpring accom1T￿￿#t￿n and additi(￿￿1 serv1￿ to highly Gompth and vuliierable youno lemaJe5. Ejlg Lottery IRegional Gomplex Needs}- Orai)I liirKllng loi-s ragioiial project (Shine) invefvlnu 6 other YMCAS 10 support Ilie needs of highly complèx Tesid£nls. CAPITAL COMMITMENTS Capitsl expenditur@ approved by the Roard nf Dliectys ainC￿nted to.. GroLIP 2021 As5Dclatlon 2021 2020 2020 Contracted 10,000 10,(10(J

Ppge 49 LEICESTER YOUNG MEMIS CHRISTIAN ASSOCIATION <IMCORPORAIEDI ITHEI NOTES TQ THE FINANCIAL STATEMENTS (¢onbnue Y&4R ENDED 31 NIARCH 2021 21. CONEMITMENTS UNDER OPERATING LEASES The otmltt)y I￿a80Y inGludea car fortha Childrpn's klome. Laundry 2quipni8nt far IhE.* A￿e$toNe s￿e aiid iiew pliutocopyirg al￿ priDliiig equlpinent a¢￿$ the multFsiled nrgani8allon. Ai 31 Ma￿h 2021 the totsl fll￿re commitrnenls ui)der non-cancellable operaling le.ases were as follows: Group ond Association Othey 2021 2020 wrthin we y8ar Withln 2 ED 5 years 77,693 2711.6P. 46,514 $0.26J IS4.385 2116,779 RECONGILIATION OF SURPLUS AFTER TAX TO NET CASH GENERATED FROM OPERATIONS 2021 2020 SurplL15101 the year Adjustnients for.. DepreGialion al tanglble fixed assets Arnuilisats"Dn of intangible f￿￿Al assets Gr {264,3?8} 198,871 17e,2S7 DELreas8 in stock5 DEGre3sellincreas81 h debLors ]￿L¥ease in credllot5 Inuea5&1(deGF£ase) iii provisions 603 14?,875 91,871 54,523 3,629 P13,ONJI 41,130 (33.7251 Cash generated from operatltsns 468,743 23. CASH AND CASH EQUIVALEwfs Group As50rialioii 2021 2020 2021 2020 Cash bnd cash equivalents I'epreseiil.. Cash at bank 1.022,406 G36,981 1,013,416 623.2'11

Page 60 LEICESTER YOUNG MEN'S CHRISTIAN ASSQCIATION INCORPORATED) ITHEI NOTES TO THE FINANCIAL STATEFAENT8 (¢onllniifi¢) YEAR ENDED31 MARCH 2021 24. ANALYSIS OF CHANGES IN NET DEBT Cash flow5 oth8r non<05h changeF At31 r4iar¢h At 1 Aprll 2D20 2021 Cash and cash oquivalonts Cash &3b,981 1.022,408 63CI.YB1 385,42 1.022,406 Borrowlnys Baiik loan Debt duE> viilhln 1 year 131.861} 03 130,930) DebÉ due altor l year IJ52,904) (J84. ISS) 30.867 (322,0371 31.798 Total 262,216 17.223 9,4:lY 25. RELATED PARTY TltANSACTiONS None noted.

LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION, IINCORPORATEDI (THEI FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Company Registratlon No: 001S9933 Chariti08 Comml8sion No. 213513 Regulator of Social Hou8ln9 No. H2384

L￿CESTER YOUNG MEN'S CHRISTIAN ASSOEIAYION IINCORPORATED} (THE) FINANCIAL 8TATEMENfS YEAR ENDED 31 MARCH 2021 CONTENTS PAGE Mombers Oftt￿ Board ond wofesslonal ￿￿5￿r$ Merr>trth- of Board's report{in¢oTporating Slraleglc Report on pay85 J lo 17) IrJdL4pentlontAudltor's report 221024 Consolldated Income and Expenditurp. AGGounl and Slalemenl OF Co.mprelienslve Inrx)me 25 Coneolldaied and Assodatk)i) Balan¢6 Sh88ts cUhÈolldat￿ stliemenl of Chan9¥* in Re5erve5 A8sociolioii Slateinenl of Changes tn Reserve5 28 Consdldaied Stalejnent of Cash Flts¥ 29 Notes lo the flnancl?18lalerneTrts 30to50

Pag8 1 LEICESYER YOiING MEN'S CHRISTIAN ASSOCIATION IINColWRATEDI ITHEI MEMBERS OF THE 80ARD ANP PROFESSIONAL ADVISERS The member5 ofthe Br)ard Mr¥ K Haniyslon Mr P Hawkl Mr'f Mwre MT I Pearce Mrc f4oks Mr A Brannen Ms E Hollis Mrs R'fedstone-woods M5 E Ling PAS C Clrfton Mr D Glover Ms l.. C?L pell sFWDllg CompBny secr8tsry MrP Brown R¢g18torod offi¢9 7 East Stregt Le￿Ster LEI Auditor Forresler Boyd charL&ed AcGountants 26 South Sainl Mary's Gate Grimsby DN31 1LW

Page ?. LEICESTER YOUNG MEN>S CHRISTIAN ASSOCIATION IINCORPORAIFtsI ITHEI EMBERS OF THE BOARDIS REPORT (incorporating STRATEGIG REPORT) YEAR ENDED 31 MARCH 2021 INTrODUCTION The BDafd h¥vL¥ pILasiire tt*lr annu31 reporl. tog8tTrier Viilh the a(Idtted filia￿12] stateinants of Ihe group for thL ye8r ended 31 March ?.021. 1-hi5 rppDrl contains a DireGlors' F¢vport a6 reqiiiTed l)y company law. REFERENCE AND ADfkllN181RATIVE INFORMAfoN Regi$tsred n?mp Lelcester Yoiing Men's Chri5ti8n Assouation Ilncorporatod) cfhel Known a5 Lgic£ster YMCA (The Y} Charlty rBglstratlon niirnbor 213513 ompany roglstration number OThf liQQ33 Reuulator ot So¢lal Houslng nurnbpr H2381 Règistered OfflGE and maln addross 7 East Slre8l LeJce5teT. LE1 eE Auditor FoKresler Boyd Chartereé Accouniants. 26 South Saint Mwy'b Gale. Grimsby. ON31 1 LW Prln¢ipal bankers Hsfsc, 2-6 Gafowlrèe Gate, Le￿.￿ter. LEI IDA Investm811t advisor5 8rth¥in Ddphirl Umited, Waterfront House, 35 Slallon Stree( Nottinglwn: NG2 3DQ Board and Commitie6 Memb￿5 The ft4lowing persoi)s havg sewed The Y duting Ibe year- Ms K Hamyllon- Chair Mr P Hawkins- Vioe Chdlr Mr T Moore - Treasiirer Ms J Bllss Irellred U2112r20201 Mr C Uolas Mi R Bran￿￿Tr Mr M Cooney Irel1￿1 01mw20201 Ms k Holl Mrs R TedsiDne-Wouds M8 E Ling lapptslnted 12120201 M$ C Clifton lappoiDlÉxl 02112120201 Mr I Pearce lappointed 02112120201 fvlr D Glcwer lappo(nled 0211212020) Ms L Capell lappr)iDl¢d U211%20201 Ms F WoDg (C￿-Opl8d 02112J2020J Tk)6 lollowing ￿IreCtorS rp.liiffJ by iot31ion and being eliglble offer Ih8msdv86 for re-et8cES0n= Mr P Ha￿l￿nI MT C Bol85 and Mrs R Teds1O￿wO9￿$.

Pagè J LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPQRATEDI {THEI MEMYERS OF THE BOARD'S REPORT lincorporaling STRATEGIC REPL)RTI (conbnupd) YEAR ENDED 31 MARCH 2021 Qualifying thirrl party indemnlty insuranco Tho Assor.ia14￿ ha8 nied8 Iyialifyinq third-parly Irmlomnity F￿0Vs1Ons for Ihe benafit of Ilq board Ineni￿OrS during the ywar. Thvso pruvis￿)rns rernain in fotce al the rek￿irtg date. Sacr8tary'. Paul Brow) Managgment Team las at 31.3211: Pa(Il Brown Chief ExeGLLtive Dep(Ily Ghief ExècuknvelFinance thfector Dlre¢tOT of Accommoclat(on. Garo and SuppJil Business Devdopm8nl D]r￿lor Executive Asslstanl Purchaslllg and ProGureinentOfficer HR Mai)aoeT Supwt Sefvke Manager Principal Housli)g Olflcer Fur)drai5in9 8nd COnimun￿ath?liS Manager Thealre & Ev6nts' Myn3981 Prcpeily & Mainlei)ance Manager Y-supporl Manager H¢rStdgo PIDIECI Manager Registered Manuger Ichiklren's Honiel Hegionl Complex Neetls Co-Oi¢Jlnalor I'orn Lln ina Maud51ey Josfftt)a Floolwood-srnith Liztie Clark Vickr Corbell Andrea DpAcon Nu8la facey Loiii$e Potter Emma Knluhl M￿ha￿l HarrLs4118k81am Sean Langley Kate BeaLirnonl Jiiliet Martln fi¢helle Hlll FIan￿8h Delgnan

Page 4 LEICESTER YOUNG MENIS CHRISTIAN ASSOCIATION IINCORPORATEDI (THE) MEMBERS OF THE BOARDJS REPORT lincorpot711ng STRATEGIC REPORD (Lurrftyiuf4d) YEAR ENUEU 31 MARCH 2021 STRUCTUR& GOVERNANCE AND MANAGEMENT Lelcesler YMCA (The Yl Wos foLindRd in 18113. It is 2 charftable company Ilmilgd by giiarant88, incorporate& in 1919 and reg15tLred cliarily in 196f. The Assocolion wa* eslablislpd under 3 MerrLYandum nf Assoclalion which eSta￿L5h8d the oty"eGts and p￿ver¥ Df Absocialiori aiid Is governed ui)der ts Articles ofAssociation. In the. pvp.nl ol tlie A%soclalSon beiro wound up tnembers are 18quired lo conlribute an amDUllt not exwodirYJ £0.01 (one peiinyl. The Agsoolalon Is atso a Regk%lered Prowdei of Sock71 Flousing IRP). ThBrefore, the A550Gi3ibii's Awiints mu51 bo prepared ii) accorrlaiice wNb Housli)g legisl131ioii and Hniiqing Stst8rnenl of Recommend8cS practi￿ ISORPI which overrid@5 Iho reqvitorrkonls vf Ihe Charltles SORP. f Board enibers Board meinbers are. thè dlreclors of the AS5oGia￿On and are af50 Gharity Iru5t6es lor the puryjtsses of harity laiv, Under the requirements of tt)e memor•￿unl of K%sociqtion and Art￿lè5 of Assoualion Board rnernbers are 81èGled 10 58Ne orn the Board. A proporlion of BoBrd mernbeis retiTe at every Anniiel General 1nep.lkng {AGM) and are éllglbb lor ra-9￿clI0n. Due ID the nalure of the Associ&liJri, elected BoArd members musl sign a form of tffliinS¢meDI to the Iiilernation31 YMfA's Paris Llasis 3nd lo the British YMCA'"s Airns ai)d purposes. Tlibs efFee:r4ety meal)6 that eleoted FIo8rd members musl i￿ praclising CliristSans. In addition, th& B03rd rnay GO-OPt addllk)n81 direciors are not waGlising chr￿1[￿n5 but support the F.th05 Slale.Inent ol'fhe Y. B8cfLillinenl of Board mernbers is Ihrough sdveTti9ing in approprialo media IvuLrttrier with approaches to krK)wn iiiteresled Individlials. ConsideratK)n 1% given lo ac17ie¥e a Inix ol sklls amDAgst its Board m8Tnbers th81 i¥ill Goinplernenl individual dvpartmenls wllhin the A660¢ialioii. d Trainin Potenllal n8w Board Inèmber5 are given an Induclk)n pack wliich provtdes IiifoTm&lion on tho Assooiatioii's servlces. its constitution and liiianc.ial pjsition, together with their leg31 obllgalions. Potentia B￿rd members aio trien invlied lo n)eel exlslliig Board Irp4TbaTS anrf 8ulx8equ8nUy the ManageTh8nl I'aaiD, Tlie i1￿￿c￿oi7 process 5s t31k￿￿ to Individual needs. QJYani¥AUonA.S.tr.y￿4lI¢0 Tne Board meet quarteTly and is re$ponsiblefoT oveiseeing the stiategK dlrestion mahagement of IhE Assodalion. In addiliork, there is a Re60ur¢e ¢C>m￿lI188 {coveiMg Financ8. HR 2nd Asset Ma17agein8nt J maintsnar￿e which nie81 qbdrtertyl- The Clilef Exe¢iillve togelhervltth hls Dire¢t(yate and Man8garnenl Team ha5 day lo dBy ￿PsIx￿$1￿1lrty for the managernent and delivEry ul ser¢iceb.

Page S LEICESTER YOUNG MEN'S ¢HRISTIAN ASSOCIATION IINCORPORATED) ITHEI MEMBERS OF THE BOARD'8 REPORT Iln¢orporatlng STRATEGIC REPORD (C￿)lInued￿ YEAR ENDED 31 MARCH 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT (contsnii8d) Part 'riie Ai8or1atlon wwy owns Y LEisuie l.hniled whlch conslsls of the tradfftg aclivi1188 of the thztity. Tho princxpal aGtivIt￿$ uf Y Leisure are the provisk?n of a Lw. I'he pro bits of Y l.elsure are dl8ldbirted via gift 3Td to The Y. STRATEGIC REPORT fti5k Ma￿e￿ant Thè men)bers ol tthe have LOn51deT￿ the risks laced by Ihe Assoclallon arKI Group U)rough iisk an?Iy5i5 wAercise. Pollcy procedural iniFlemeIitat￿71 have taken pkno and d cr4tlCr41 analysi9 of the orsjanisatioii's maiiggeinenl strudure tton1plo￿d. Key risks and uncertaiiitie$ The A55'(oation have con51dered the key risks and uncert8inlips11 far£s over Iha comSng ygar a￿1 lia$ idenlifled tlie5e as.. Park House Ghildren'5 Home fa115 to Inairta￿ an Olsled standard of'GooQ' therelore Impactlnll n future 0￿Up8ncY and place1￿ent aull)orltYs confrdoiico in tho serv￿& Failuio to recruit and m31rilain suilabty qLialified slalf lo manage and dellverresldei)lial care sÈNlces Tkie outc<xne of the Glly Couiicil IL￿rI￿or process result5 in a hywer number of ccfflml?SK)ned beds than thè txganlyatbns submissloD A need to have an LIP kn dote and GQVID aware busimss conlinuily policy and plan Young peopfe do not lully engage In the in Ihp. Skrfls Lab Training oller Iheref(we nol mool£ig our comrnltmenl to ¢Thtinq real empk)ymeiil opporlunld@s In ttie thoal(e 6. Our cts1nm1lw￿t to reful￿sh the Ihealre 15 Trot realised due to a lack of surce.5sful fun(iing appFic8tiDns Theatre ele¢trlcal Infrèslru¢￿re faag to be ¢ornpliBnl resulting in the n88d for major Inv8strn81i1 Failiir8 lo Inve3t the wblL areas i¥￿h11] È"a6t Street therefore impacl%ig th IlILiatre sudiEn 8xperlence Tlie FX)lènlial rBed to wonfigure our Iiousing provision pending the outcoriiB of Ihe City Councll$ tender gxeiclse 10. Failure ts) miligale risks as idenlifwl in the bu5iThess risk reglst 1 l. Potènllal iinpaet on all sephces rf we havè a thlrd COVID-19 Lockdo¥m 12, sfLlne 2 laits lo be implemeh￿d ￿rUSS the 6 YMCA5 who have wbrassed Iiileresl In P3rlicipatlng 13. FallvTr. to meel NCVO and FnablirvJ Envirolin￿lS gt8ndard5 14. Tlie oroani5atiori fal& lo reLin Go¥np￿X ne8ds WOTkers due lo kck of fundlng Tesulllng In additional pressures Ilmpadiro on young people's niental h¥allh 1J. Lack of LYgaiii&illonal @xperb"se in digital rnarkelng snd lund1a￿lng 16. Day Cenlre Review msults in closure of Y Advlce Centre and FIR rxJnÈeyuoi)t6* lor slalf.

Pagp. 6 LEICESTER YOUNG MEN'S CHRISTIAN A8SOCIAT]O IINGORPORATEDI {THEI MEMBERS OF THE BOARD'S REPORT linBorporatlng STR4TEStC REPORTI (cnnbiiiied) YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT {ionllnuedl l<esidBntial Childrg11's Seryices Parf( House Is now in Ils Ihli'd yeaT of dellvery, having received an Otsted grading of GOOD In January 2020. Tli15 Wdy a Inajor siicoe$s for the oroariisallon as beiiig gradpd as Good ID our tirst year ol Irading reflerJ both di& Investin￿)1 and our comrnilnienl to the work. GiVLn the uiiprecedenled year since our otsted a6sessm8nl,11 niay te dlfftrctilt to keep Ihls grading. hov#ev£r every efFort will be madp lo not only niaintain th6 9rading of Good bul ir¥iprove it to Ouistww.ing. Ihe year ai80 %aw us m3intain our p05itiv8 relationship iwith L8lGcylerghirè Coui)ly Counc51, Nolb'iwhamsliire CoLinly Councll an¢ I.e￿eSter Lrty e4oiinr.il who have all pl£ced yOLiry p8opIB ill Park House. Theatre Th8 Theatre fe351bility Study versKm 2enab]ed Lks to locits 011 three key aieasof devdopment, Lighllng and elgetriral infraslrucbJr< a￿￿5 and washrwm I￿111185, hDiyovL due k) Ilie pandemlc, Ihe theatre closed al the en(J of MaT¢lI 202.0 and did nol trade in Ihp 20-21 financi81 yèar. We used th15 OPPOrtiJnlty lo devetop thr￿ di5tiTrcl maikebng IfLtnding wop08819 specifically aimed al- Th& I Ily Mayoi (Washroo facI￿lieS), Heritoge I,ollery IAcr.pssl, Arts Council IIEohling and eleGtr"Gal irFfra5trLicluicl. UnforlLinatdy, tho impattl on the arls seGtor witti a level ol i&nr.prtainly as lo th8 future ol li¥9 enterlaiiimanidKI not help (xir ask and allernative plans will need lo be ￿1￿hL Thé theatre dld ￿￿eVer m*e a s(iecessful applScalion to the Arts CDUnGII Cuttiir81 Rocovery Fun which enabled Iho oruani¥ation lo keep key Iheaire Staff omployel 18rKI brilge the g8p between GDF8 costs and Dr)o-exl8t2111 incorne. Housiny The Y has held th9 City CoQnC41 framvwor% agreement for younq F¢nple5' SUPPOrted acco￿mIXIatlon fai 7 yp.Af5. Over thls perlod the conlfact has been extended tlire(g Ilmes and has now beeii fuTlher extei)ded to September 2021. Not only 1.4 thi5 additional exleiisiDll a P05itive rèflEG140n on OUT GtsftUnu¥d 9001 work, bul il aL80 8llo)ws lo Iiave seciirity of iThcoine for Uip npxl fj monlhs and also positi¢H) oursetrffts 105 Ilw potemlial ietpndellro of Serv￿5. Over the year the biggosl Ghalleiige has baeii the faGI that we werLi dLialing with the pandemlc and lrylnq lo educat& the reyid8nls lo 8pp-.eciale social dis￿r￿ing and racogiiise coftlr31o early g0vpihhienlad￿¢e th81 Covkl 19 could becontacled by anyone notlust Ile elderly. Addit40nal key ch8llenuo8WLIL> the increase iii poor m8nlal health of our r8sklgnts and tho leck o rnove on opportunities Ip both se.rni a￿d Sndepèndenl livillg. Shlne The regional complex nppjjs woieGt (Shine) conipleted ils ￿111&12 yvar¥ of tollery fundli)g al￿ each ol Iha 6 YMGA r15 parl of the ortginal agreement exlpnd¢rl th8ir Shlne worker'5 conlraGI fDr an additirjnal 12 Thoiiths. A swcess applKation to the LoEtety arid Paiil Nam1￿7 Foiindation COVID-19 Ew8rggncy Fund enabled us io irhvesl in p5ythothetapy serV￿S and extend uur cornplex needs provlslon. Thls specific funding en3b￿d slalf to gain acldilK)nd skllks and undpistanijlng in Tr2urn8 Irbformed PraGIKe whlc.h bp.ttp.r pqiilpped ¥iem to addres5 50tno of the inc¥case5 In wsi¢enl's Inental wellbeing. bhinp also startecl wort aloiigslde YMCA Fmgtand and Wéles lo pDtenlially roll out Shin8 across the mvvernÈnl. Sports Ground LCFty relocalExI the malodty of th￿r loolballing aGlivitiBs ID Ihelr new Iraliilng facl11ty iii 13eagi.ave durlng Ilie year whicl) tsiily left behlnd Ihftlr vmmen's team al Belvoir Drive. There 1185 bcon nr) indi¢aiK)Ti of theSrlnEeiilDns In relation to theirlease of IhL ￿¢¥ ille main witsacl ha$ 3(> years12ft lo run. It És no secret Ihal glven Ilie OPPQTluiilly we iKould to use the foi. widenllal development bul uiilil we huye Llarity trum Ilie Cliib as to thelr lonq..teirn inlpiiknon.4 wei¥il! pul these ptans on hDId.

P8ge'l LEICESTER YQUNG MEN'S CHRI3T]AN ASSQCIATION IINCORPORATEDI {THEI MEMBERS OF THE BOARD'S AEPORT Ilncc¢rporatSng STRATEGIC REPORTI (conbnLI8( YÈAR ENDED 31 MARGFI 2021 STRATEGIG REPORT <contlnuedl Fuiidraislng As one can irn8gine, gfven the year wt hod fiinL1mlslng wa& * rrialor chBllwg&. The pandeinic coMp￿telY wioie olE anyoppoiilinily ID generate ILirKls through even15 and artlvilles, therefore the team develop8d a 51rdlegy which focussed on cortxjrale dDnation6, indAildual uiving, d￿lIa1 f￿1)d1'aISIng gn 81￿80r$hIp. The yp.ar also sew the markets.ng and fui#lrd151ryJ lesm 51art the process of developing a phiL%nlhropy grwp and exploring legacles. Y Support Pro]ecl Due lo the qovemments'Every Bc(ly In, Initiative tho Dawn Cenlr£ was re profiled to be accominojalion unly Bnd Such Ihg day centre Iv88 Idocalèd to an ASleriialive sl)ared lempoiary crty cenlre locallon. Due. to this the service operoted on a reiluced basis and a¢¢oss fimited tD IhD58 most in need. Hoivever. servlce conb.nuod to me21 the needs of the rnost vulnerab￿. ?nsurlnq that essential a¢￿sS to h¢3llh and hovsing siippo¢ food and advt¢e was MainlaiiifX1. UASC Similar to our SilPF￿l0d housing contiaGL the UASC contract wa5 p.xlpNled unltl the end of Seplen) 20212nd will b8 recommissionèd lolnlly by both Hovsi119 and ChikI￿n aixl Youiig PLaop1è5 Services. Over Ihe year, we continued to provide stablllty and Sttcurity for v8ry vulnerable young people who have had cliallongirig axperiencE5. One ol Dur biggest cliallengpx w?$ lo support newly ￿)rnIn0d81Od y￿ing pp.i)ple durfng 8 pai)cleinic, l)owe¥er staff manayed to enable thi5 to happen and wa were fortunate Iii th81 EherLi wore no outbreak5 of COVIO 3nioiwsl the young wjple we housed. Kick the Dust (jur HeiitAg2 project benelitted Irom addlbontsl fundlny Ih&l onabled tho recruitment of a fourth slaff rriember and an extonsiun of GurrEnl slalf conlrnGts. This enabled the proleBt to exlend its reach Into Ihe Cotjnly engaglng wlth new and gxoiting partners. A partlcvlar highlight thls yo&r was tho deliv8ry of Hethtage Ope￿ days In our thLvalre, [natAg￿ 8nd d2sign￿l by youiig penpte in parlneiship wllli Ihe Docutnentary MedE Centre, 8 photcs coinpplltlon whl¢h res(Illed in the photos being usod tD crea18 a Cil lendar, and a youiig resldenl devèloplng hef photography skills io such an extent th8t the phot05 WBM U5od Iii The Y's Annu31 Report. Enabling Env5ronment Ovr con7milmenl to 8chleve ttie Enabllng EnwTonm¢gnl StaThJard bolh internally and scross Ihe 6 YMCA'S i¥ho are part of the Shine project is well undeTh¥ay. woikn.ng alongside the Royal CDlleg8 of P5ychiaL"ists il 1$ oiir iiilentron to achieve thls siiiidard by ttie @nd ol the 2021 calendsr year. As siich we hive carrled DUI gtaff siiNoy&. set up buddying 5th8trhas and creatad opportiinili6s foT M￿l09erS io 1neet alld share praGUca In OTder to ￿uPport synergy- ovornance In 2020, the Trustees 8dopled the now Charity C(¥Je of Gov8rn3nce part of wa% recoonising the ne8d to have Inore ijiverse TTU51¢e.4. As such e.fforts wll be ma(Je to increase ltrio tJivo1'5ily of Board by fecru:tsiig BAME Trust￿ who liave tlie neGessary Skills and attrljutes lo ?dtl value lo (￿r govemanca fram8work.

Page LEICESTER YOUNG MEN'S CHRisfiAN ASSOCIATION <INCORPORATEOI ITHEI MEM8ERS OF THE BOARD'S REPORT lincorporaling STrATEGIQ REPORTI (C￿)1￿nI￿dJ YÈAR ENDED 31 MARCH 2021 STrATEGIC REPORT Icoiitinuedl Nultl-8mployer defjned 17pnoftl penslon seheme LP￿.*￿ter YMCA iecognlses poss.li18 concem relating lo 115 parlibip811011 In a defined benethl per￿[911 SGIILJIHe. Appioprldll actioii has beeii laken.. The schemewas elosed In np.w rnetrttkers in 2007. and tF link to final salary broken in 2011. Addili oniE I wn1rknutlur￿. roritlnu& lo ￿ maL1e lo rediK& the de1￿1t. As Parl OY Ilie YMCA federation, the multi-employeT pension Schèrng Ss run by an ip.deponLloiil Trustee bo8rd with employer mprèseniatioii througl) the Prir)clpal Eniplr)yer, Nallonal Councrl Of YMCAS. Th penslon 5chemg Trustee c&tains an acbjarial valuation L•VL•ry Iliree years wid we have Cor￿7￿ered tho imp1ityytion¥ lo IhL' chartty's finances tron) the lalesl availahle acW8ll21 valuation. W8 have reviewed th8 charity's ahility ID continue to delivgr ils Gharitab￿ oblects.ves by ensuriw l?INJ9ets, forecasts arl plans are avallable an& Include Ilie Impact of I￿[ICti repaytnenis. The Fen5ion Trustee inGliided the In1p￿￿ of FQl15iun ￿h￿rne del￿11 repawnenls in eon51dpAing going concerfj statu5: re5erv85, and the tisks and unwtainties th31 IhB charity Face nutod elsewhere In El)is R8porL L@icesterYMCA banelils frotn tho ponbioll scheine Trllstee ai)d Princlpal ginplDy8rseoking suitsbl specialist profe85ional HdvS¢e both lo manage the 5Gheme ar￿ in the oontillulng el':orl lo èxpbre ways ol redLivang IhL overall pensioii deficlt The i)olo4 to the Accounis Include 8n aCc￿lnI1ng PDlicy and furdier detaiL8 Sn note 18. ProJ¢cl Funrllng I'hp year 8llh()ugh C,QVID Impacted. we achiewj a niiMb8(01 ¥(Ic¢e5sftJl ftindlng Nds lo support our work irkclucllng Arts Coiincll, Homel&ssiiesB Llnl(, Paul l.lamlyn Found31K)n. klaTaniead T¥u51, Vuluntary AGtion Leirest8r. Lottery, Lelcesler Clly Council, l..eice$leishir¢ County Councl and the N8tIOll81 Grid. These grants p.n2b18d us to PFoviJe mUGh needod soivice$ duiiNg a thallengiiig year whlch OLir Ic¥ldenl¥ contlNued to b6 SUPPDrted and wnpmiered. The Ats Council funding en5uied that the8tre was ab[8 to keep essential 5tBIFand cover fixed costs durlng exleiided olnsure. STRATEGIC REpoKr- Looklng Forwanl1211221 Shrn8 Looking forward it is hopEd Ilial the Regional ￿￿￿p1eX NeEds project Shine c8n b8 replrGated aGfos5 8 nll)er YMCA'S In Ihe TEglon Ishi￿ 21 and d£v￿k￿ed a￿10¥8 the YMCA ly0verE)￿.1t ii) parknership with YMCA Engl8nd & ￿￿es_ As part of Ihls we have been sU￿ss[lI1 in being Se￿Gi￿d by Spring ImpJct as part of Ih?ir Sca18 ACcelera￿r Prourwnme w)d to be allocated a ¢oiiqiiltxnlwho will work 3long5idB us to UP5cale bhlne. This Is Ltue to Start in July for a PL4riod 016 Inonlhs wfth the to provlcle ihp ev1&en￿ lo pol&nlial funders. We will aL8o be working along51d8 PUl￿e House lo provide Iralnirig and support zcross t1￿ 7 shin8 proje¢15 around Truuma. Reflective Practth andA¢tion l.earnillg Selg. shine w611 olso launch Its toolKIt website and look to orgarntsing a Shin8 ConfErenG8 at the of year 3. Safe & Sound l Mothers and Babies The 8ofe & 5Dulld proje¢l has ev0h￿d from provkling acc0mw.0d8tK￿ an(1 support to 8 gfOUP of vulnerable 8lld cornplex young worllcii to one that IlDW 6upporls Iliern thrOL￿h oiJlre?ch to rnaiiilain their bKiependenl tenandes: develop Ihew parenting 51cills and havL Ilie SLlPPOrt lo luncuoi) wlh thelr own Gun15nunily. Thts iiew dlmensbn of Ihp. piaj8r.I wli I piovide addilional oulrg8ch for up to e month5 ensuring lh8 young wamen do not feel i501&led wl1ilstma￿nQ the tri7ns￿.on to suslalned Indopeiidence. Tho Mothers and B￿bleS wo¥lf will slarl in earnest in JLJIY with th8 appointinant of a specisli5t ￿rE￿Ill)g Ivorker vkn will support oui nevi mothers Ihrvuyli d supporllve sptice where Ihey can meet Ihelr peers aiid collethely develrjp llip.ir p7Jrp.Dting skills in order to give their Ghlld the besl possib￿ slarl In

Page 9 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI (THEI NIEMBERS OF THE 8QARLI'8 REPORT liiicorporatlng STRATEGIC REPORT} (conlin(wod} YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT- Looklng Forward12112ZlltrontlhUOdl Hou5iii9 our hDusing provision co1￿￿)UeS lo deliver fugh quality a¢comn1ULld￿0n diid Support to yuung peopl across 6 sites. With City Council planniiig to re4eiider yieir SUPPDrled hoiising servlcps lor young people, the next 6 monll)s wlll be a ¢h8llenglng eothrse lo i)avlgate. However, we are cuilKtent that our 5ubniission will be of the highésl wiallty and regardle55 01 Ihe oulcomg we ￿1[1 contlnuo ID eTrsure we have huh quality Kcommodelir)n for Vulnerab￿ youn9 people. There Inay be 8 iieed lo in￿ease our ag@ rawe from 16.2)r lo IG-30 an¢J olfet rFiure direct access lo our servKes. fhis wll be ccnsidEred oiice w8 are aware of Iho outcoma of the comiyissioning exerclse. Our work wilh unactsompanied asylutll-588knng children will be reloc3led lo Aylestoiie sile should we be succe55ful with lh¥ Gommission. this will then bring PoTlland Road b8ek intQ OUT move-cjn FortFolio. Kick the Dust There ha5 been a GOn5LY0U5 this year tD engage with mar814erilage projects based rn thE CDunty whkh h¥s provpd suGrpAsftil. Looklllg f(xward theTe Is a iieed to look al'what nexv once funding ends laler this year. Tho projecl leE)m have proved Ih8t givtsri tlio riglit levol ol resouicES Staff can support young peop]e to eng3ge and this underlines our commitrneni 10 both the wrk and opproach. We )cleavoiir lo seek (xit ad6liloTral Tundinq to support the cotilinuaiKe of Ihis higkly valued ￿ject ST & GDPR 14aving invested heavily in ITwe now need lo ensure w are GDPFI complvant as 4uch we havelnr.IiJdp GDPR as 8 specific restx)fksibilily in the Piocurernenl arKI GOnip1￿￿￿e Oflw Job Description who ivill 183d on Ihls es5?n4i?l area of work DvDr the co>rning year. As part of this. cuirenl staff w511 be offwed Iraliilng in both GDPR and Cyber Securily.. all w staff will havè Ihls as parl ol lkneir IrKlu¢tlon arKI worklng alongslde our IT F￿Vide¢ we will eiisiw& systerns and protressog in place lo enable v5 tu he conipliaiit and rneel our legal obligat￿nS. TheatrD Aller lJ month5 of ck)5urè the thoatre reop8nè6 in June 2021 albBiI ￿q1h a Mlic￿redU￿ed capacity and the implemenlabon of Covid 19 protocols. t)uriw 11)e c105ure a deeislon was m8de to ref11rh￿h fhe bar nd impkimenl new terminal paytngnl prcce55es. This imieslrnenl will enBble the theatre to generate adc11tinnal iirom8 ftom the niuch-exleiid2d bar, 13ble ordering and contaclless payinenls. Addilloi)ally, thL% Inveslrr)enl alongsk1e mlnor Lipgiade to Iiyhtii)g Move us in tho ri9ht diiBGlian in ovi Dwall plan tc inipleinpnl thè theatre lea5ibility siL￿Y Shou￿ funds becorn8 avallabk. We 4sD hav8 planswa.fcol to traim reskleiits iii Ihealre lighting and soun¢l. front of house and stage managemonl. The ￿ndern1G did not help in OLir plans lo impleii".ent 8 Inapr fundr8i8ing initralivè to refurbish the theatre. however wft plan lo conunue to expk)re fundtng opportunitie5 that VAII support L￿hlIng, Access anQ W8sh RODM facllrt￿s. Park House Resldential Chitdr8n's Hoine Wp. will explore optians to open 8 %8cor)d chlldre.ii'$ buikllnq on 11)e success ol Park Hol￿e. This polÈnlial develowenl will be resource inleiisfve there wlll need to bo G*roftil Ihouohl in rdation to kjcation. However, we are not Starting ItDrn scratch and have tlié essential dor.umentalitsn akeaéy eveloped. A second horne will not oiily er)abk us to provide additional @??$@nlial 5ervrce5 bul a￿0 8nablE ￿o[lo￿te8 of 5tsatQ diid support our ￿MmitMent to move away Ircffl 3 Teliance OTr giants ankl cmtrac.ts to bpc.ome mnre felf-finaiiplng.

Pagc 10 LEICESTER YOUNG MENIS CHRISTIAN ASSOCIATION (INCORPORATED) (THEI MEMBERS OF THE BOARD'S REPORT fincorpordting STRATEGIC REPORTI (GurifriiiKd) YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT Icoiitiiiuedl Fundralsirtg Tli15 y¢)ai' Icovlrf allowlNJ) as well as the tesiffl looking at fuiidralsli)o events ai)1 atrb.vil￿S lo generate mutsli ir.SL>mE: Iligy will alscTr bv 10011giiw oij legdcies dnd regular glvli)o. Thls will be develo¥d 8iunggide RcrnEtnbcr a Char￿V WLek aiid The Blg Give. Thè lem Mqll aEso Jie explorlng the p)tenUal of developing a donor nelworkimg ever)t where we car> show our apprec5alion for Ihetr S￿ppOrt. and tshare how Ihelr donotKin has ￿nt￿bul￿d lo our work. Business Devltlopment The blisiiiess developmenl deparlrnenl will t￿1 oli Ihe flindiiig portlollo tor the 11)ealre, Ihe edvcalion curriculum &id Ihe ertabliiig envlronments awards. TheTe will ?1sQ nep.é to explore npw fU￿1￿g pots to support core WOTk oiound hoLIFAnq aiid Coinplex iieeds. Vlslon Our vlsjon Is for every yoiing person to liove o safe plate to call home and the siipporl they tr) creale lasllng GnaiyJes In Illeir live6. Mission To the leadlno provlder of supported 4¢oomiModalion l(x young ppopl& within the East Mldlands. transformlng yoiing Ip¥es Ilirough sklTrs. arEs, healljl: advlr£ and care. Valuas Svpport Every young per8tsn sliould have ? safe place to I￿e. Empower EveTy youiig person L8 to 3 ¢h2nce to jrnprDV8 thar Ilves. Eiirich Every young parson shouhj be 8lltittgd to a range of in¥xring Opportunit￿5. To be a Gommunity organisalvJn th8t ha5 Chfislian value¥ Al our borE. strategiG Mea5Utes We wQl athiovo this by.. 1. Invc51tny in our bu1￿1￿95. onsLirln9 Iliey are sale, accessib￿ and fil for PLirpose ivhitst challongirjg g&noTal porcepliun uf 'supporleLI accomixDJabon'. 2. Beln.q wi organksallon that l)as the nepds and asplTallons or young pèoplè at Its core. 3. 88ing a L8arlllng Organisabon is committred ID 8RCOLiraging sharing Df it￿rrnatiOn and knowledge whilst asktng challenging qLiestKJn5 that will ensure continual TefloGtion d regeneration_ 4. CDllsisteiiUy ev8lu8ting we do, hfwrf we doll and the ￿MpaCt 01) the I￿e.$ and asFwatK)ns pf our cumrnunl￿.e￿. 5. KeeplrE abreast of the politr.al, ecoiiomic, social. lachnokwical and envltonmantal agenda, en￿lrI1)u a le￿ble aptwoacth tn $er¥qc85 In a complex 8nd dynamiG GnvironmenL 6. Being an organi98tion thal Slipporls thè addgd value and Ix4rt#fil$ of cultural a￿￿￿1beS and erngagemen 7. En&uring su¥lainabilily Ilirouuh afi￿me generation of unreslrirled lunds. 8. Investing In ¢￿r peoile: ensuttng they ha￿ tha necessary skills, kn¢yAdedg2 and allitude8, to deliver high quallly.Mce8. . Cr8atlTrJ an environm8nt that en3btes Ghildren to grow and Ihiiv8. 10. M3in&iThing and ivorkny Wilhih ¢Icdl and prudent Ilnanclal 9uldelliie6.

Page 11 LEICESTER YOUNG NEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI ITHE} MEMBERS OF THE BOARD'S REPORT Ilncorporatlng STRATEGIC REPORT) (wntintseclj YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT Icontlnuodl ACTIVITIES The Y 18 a rnLJlli-f3C8t8d Associatlon and Oroup operales iri th8 following fièlds.. Housing Th8 Y PTovldRs 811ppor￿ l)ousli)u for 103 young single home1￿ people B5 ofwhkh Is pail of. Leicester Glty Coiinc(ts' ￿￿mISSioned 5atvrcg. Tlie acwn)modatioii is split over Stte5,' Ea51 Strepl148 bed 5pattesl and A5deslone135 bed spaces) providlng aeBoMmodalDn to young people aged ¢6- 25. In 8ddition. we have 3 move.-on properties providing a total of 15 bed5, a 5-bed house a(￿0mm0dat1n1 Unaccc4npanied Asylum-sedang Chlld(@n, and an 8ddilion81 woperty providinq reslLYenllal cliild car s@rvicos. I'he HDusing rJepart¢nenl works In 8 li0115t￿ way and s8es the PT0ViSi￿7 of accommodatlon ¥$ IuEt vne elemLNI ()f ils rule. Othu eknenls iDcfudR l)elp wlh claiming ben&fil: 5UppDrt in acce55iryJ commimrly caTe grants, ba¥ic per60nal IIy9Eiie. educatioii. infornKI counsdSing, probE&iM sob￿Ng. accessiny apprwt1ale n)edlcal support and er￿p￿V￿ring Ihe youno peT$on lo move on io somilindepend2nt liwng. Many of ihe young people thal live wilhiii The Y c￿)Me from 'dlfficiiSt' baCkgr￿nd4 some havo r@(nUy lell care tsr priwn. and other5 have b8en in abusfve relati￿1$hipS. havts spucHI educational lleeds, suffer froin low self-8ste8m OT Ilnd Ihemselves isolatod from friends and laillily lo societys expeetations and Ihclr iriability to me8t those expKI?tions. For these yoiing peoplo il is e558lltial that lh8 staff form no judge1￿8￿1$ bill work y￿1h them 01) a kisis Df mutual trust and iespect, empowering thfAm Ip gpln the skills necess&y lo live, work and conimuiiic8t8 wf(li others. The Y Support Ph>lÈGt The Y Support Project IYSPI Is a dweol accLSS day centre for hoMe￿sS aiid vuliierthly hoiised pooplG basod ITh Leicester. The centr8 provide5 8ec&8s lo Inlorinalk)n ar)d arts￿0 on housing. benefits ath￿ce and AC￿SS lo pllmary healthcare. In addiliC&n, Ilie centre prowd8s pract￿al sijpport ￿fjth free food and rink, showers, clotliiiig, loilélriès and Lgundry. Community ArtB rhe Y Theatre i& Ilie oldest thpatre within LgicEstEr Opened In 1900 the Iheatre is th& one aspect of our core businoss that rpakos Th8 Y truly diflerent frorr mo¥1 ollier YMCA5. Tha Y Tlwtre offer5 a viried prograinme ol Ilve Inusk. oorn&dy, performance aiid community events. Also, oil offor arB active art and educatlonal ￿￿kshOpS olmed QI supporllng and •nCoUr￿lng the local coinmunily, parbculaily youNJ people to @njoy Iholr ¢re81iwty 8nd build conltdenr.e aiid dev81op comniun￿3tlon Fundralslng Whi15t the ￿ndra￿l￿g team weip not aL48 to dellver any ovenls or commuThrty fun¢Jralstng dLlI'Jng 2020 1, IhA income level beei) malntrdined through digltal canipalgns ai)d c￿]￿nuIng slrong r&klk)nsliips with corporate supporters. Significant dongtions I.￿re rttelved frcrn Highcross. Pukka PES, Beauty witli a Plirpose, Stocks Taylor Bonyon and fiock Kitch￿ HaTri8, the latter Iwo al8U olfering pro t¢no do5ign support. The Iwo If8y dlgSial r.arnpaigns were'save Olir Theatre" in July 2020 al￿.y Skllls Malle.r- hosleti Ilirough The Big Givo Chiislm85 Chall8llge plallni'm in De¢ernbor. Tho Y is comn7111ed to adheriNg to the Cade of Fundraisiny PraGthGO and new GDPR r8gulAllons IhrtyJghoul the whol& ILindralS￿l9 process. Tlie organi5ab.on lakes any coThplaNits seriously ond do8s iiol oolvocate Iiilrusbve, pBrsislonl or the 3pplicatitsn ()1 any undue pressure to This 15 made clear to 311 comirgrcial parli)ers, Voluntee￿ aiKI nL*W rvFrnbers of the fundrok8ing team. There wer no t(Indrak5ing complaints in 11)c yoar.

LEICESTER YOLING MEN'S CHRISTIAN ASSOCIATION IINCORPORAfEDI (THE) iVIEMBERS OF THE BOARD'S REPORT ITncorpoTating STRATEGIC REPORTI (cuijlinired) Y&4R ENDED 21 MARCH 202fj STRATEGIC REPORT Icontiniiedl Envlronmontal Footprint AS p3rt ol our GDminitffleThl lo redudng tsur eiwlronmental footprlnt VR are actively ass85sing our utI1I1y Usage. and alm lo work ivilh Le￿ester oity coune.11 Ihelr susl8Trnabilty agenda to identify iniiovalve ptaclices to reduce uur Lèrbon t(N)Iprinl. Shop Rental Tha Y has seven Shop idnits In the East Street Prope.Py all of wh￿h are L91 on lea5e5. In addibon. The Y lesses land on Eelvoir Dr￿￿ to three teleoomrYkuni¢alirJn compani25 for the silirg of communlcailon Imvers. Th8 Y h85 core depattnientb of Hurnan Resources. DpeTations. Flnance and Fundraising, Markctfng and CoinmunioAllonR. Tho Hum8n R Trs(xirbes depwtmenl Is Te.spoiisible lor 811 aspec15 of HR ttaiiitng and developmentwithln tlie orgsjnisattor. This year we have enrollL%d all senlor slall on ttie NSPPC S8f8r Rp.cwllmenE Trwning. Truslee$ have CFJrt*d out ￿ line Saf8guardlng trgininy, 3 rnanarjvrs are completi￿g Ilie11.M Lpvel 6 In man5gemenl. Looking ft)rward, we l)ave invè61ed Sn Hays online tralnlng and as Such havo wss lo a ng¢ of trainirng courses VIB their porlal. Wc #fe a160 commltted to d81ivpfjng tr8inirwJ on Diverslty. Equality, lI￿lUsIOn ai)th u11r￿lis¢1oUs Bias to sll staff. Additionally, ive ￿11 foirnally launcl) our Dompsti Abusa Policy and ensure all stall are Iraliied lo understand Ihe S￿nS of doinestlc a￿se and Yihue to go in the oruaiilsallon for support. The Operalloris Departrnenl k4 r&qkYJnsibl8 for a113spaGls of a55et nTrth¥enwiL mainl8rnan¢e and lieallh and safvly. As p2rl of the Operdlion departtr18nt's taTgels, rodutied e￿rgY ¢onsun)pllon, ir￿le￿5￿￿ reG'ycling and In8ilitenance planning ara an essential part uf tlièlr oiierall o)iitrUxilK)n to bths]ness eificlenoy. The Fingnee depailinent Ls rekpoiislble for the overall linanrAal In8nagementof Iiicome arKJ expenditure as well Ihe maiiaqement ancl implemetTlalson ol the GDrTrprby'S financial procedures. Its approach eiislires that the nee(Is of .11 dep2k rtnieii15. the ￿ganIsa￿DTh as a whok Esnd our fun(lers are IneL The Org3nisatb￿ ha5 ￿ ￿￿PrehenSIve Iraud pollry wliich is managed by the Deputy Chlèf ExeciiMvel Finance DirgXtor,

Page 13 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION INCORPORATED) (THE) MEMBERS OF THP BOARP'S REPORT Iln¢orporatlng STRATEGIG REPOR TI (GiJii&oued) YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT Icontinuedl Flnancial Rèvi¢W The Y has inolirred a coi)sdfdaled ¥urplus of g162.16'1 {202a.' surplu% £16,299). whi(+) includes a deftcEt froni Y LeisufB of g_11,23912020'. surtAu.g £7521. Duriro 202or21 Tlie Y rec8ived Ihe followng large contracts and grants,, L9￿￿51¥ City Council Supuorling P80pk. Lewter Ciey Council 1.torne￿sSness Leww l.leallh f428.630 £60.487 £36,228 £.18,fj32 £173,054 £149.248 BBC Children In Need Grant Heiilage Lollery Fund Big Lotl8ry- Regional Compl&x Neéds (fJ7,467 he￿ for futUTe exp2nditur81 Arts Council- COVID grant Paul Haimlyii Charlly H￿&18sS Link COVID grant LeirEstershlre OPCG f104.007 £su,(100 £49,759 r_19.251 A5 wll be séen frorn the Re8eTves polky slaternent, The Y still ne8d5 to niainta.ll ils res8TrRs by chEvlng a SUTplus ol IrL¢ome over expi)ndilur2 lo eTrsuTe that il would nF.et It6 liabilities11 all ¢oiitracls CB83ed_ Th8 Board considers that The Y 18 in a1)8althy linanoial siliiats'oii. with two tnaluiing housing lThiliatives Ichildren's Home and UiwcLonipanied Asylum-S2èklng Childr&.nl ilial wlll Increase oiir self- enoraltny income slrean?. Coupled wilh the conllnualloi) of our rtsbusl appr08cli lo proctsiernent and sins in 8fflcleiicy via our IT Inveslinenl The Y V￿11 aim to genarate a Surplus to lulfll IL8 ¢omiritn)ents. Reserv85 Policy The Y reqLilre&' an appropri3t8 leve] of re3ervès in order to operats effectlvely. The lève. l is set wf(h fegard to our aims. noeds 2nd oeolives and the risks we PacL4. Tliese ar? Sudden cessation ornon. renewal ot conlrdGts and grants. delay in rece￿pt of lunding. and lUlU￿ esseniial Inainl&iiance ol propertles. llie Bnaré of Iruslees Is of the oplnlon that rese<v&s in Ihe ord8r of £578.000 are necessaty. Free reserv8s ff2pr¢sernling uni@str￿ted lund5 Ihal ora not Tepresentpd by fixed ass0ts sed in the Ch8rity's opera￿0￿5 ¥Yere £823:122 at 31 Mar¢li 2021- Ihl$ Is cakulated tr*foi8 tsking Intn accoiJrTrl rlf the pension deficit funding liability of F362.317, includert In th8J Ilnandal slaternenls undw fRS102, which is artually pay?bk overa lurlher 8 years di a monthly rate of £3.88Y. ThLs poI￿Y wlll be rthlewed aniiually. InvÈ8tFnent Poficy EloaTd has delegaled lo Independtrsl itwèslmenl advisors Ipage 21 tk power Ics Invest funds surplus to roqll￿9menlS in 5￿kS and sliare¥ qiioted tsn the l.ondon Si¢ck Excljariw Such inve51rnenls are to provKle a conbSiiallon ol Ii)c<)nie and oBpilal growth. Resource Ccyinrniltee recewe h811-yearfy repoTls and ¥eviEw the peTforrnancè wllli the 8tristsr&. Investment pcrfoftmance for Ihe year 15 in line wilh tlie laTgel se.l in the investn)enl po]￿y.

Page 14 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATED} (THEI MEMBERS QF THE BOARD'S REPORT Ilncorporating STRATEGIC REPORTI {uoiJllniio YEAR ENDED 31 AfjARCH 2021 STRATEGIC REPORT Icoiitlnue( Thè Y Value for Monpy (VFM) Pollcy . Pollcy Sfialemgnt Tlio Y's Mls¥ioii Statement, Slralegk Objectives, Values 2nd Serv￿8 D8li¥ery are underplnnèd by ULYnmlltiient lo valiie lor Inoney. Th15 policy pre5en15 our intentiDns what We spend and howwe deploy ourslaff and iesoiircas dlrectty with Ihe core valLies and the service sldnd8rds we dellver. Tlie Y's PerftsmNv￿e. achievernenls and customer 5at15faclion are l(ey Elèments ol this PL)IiGy. OUF strategic ol¥eclives are.. To pmvide hKih quality suppori and accommodalion that ptnpoviBlS yourig people to achieve stislalnaNe IndependgncG. To support young p80ple lo develop sl(i115 4hrough èl￿￿05S io aris edv¢&lion, employment, traning and Sp￿ts. lo be a community r9source that fully refjvcls tho IEeeds of thal peopke, through Ilie pmviBion of Gornmunily 3clivilvas, advth lfjfDrMalD)n and advo¢acy. Tc be lu1￿ accessibfe: proFnole dwerb'ily and chalknge discrirnlnallon In all Ils forrns. To develop good qoallty partnerS1)￿￿S that support 69rvlco design and dellvery and are oast effe6t￿e. To be a proaelfve organtsallon Ihal lakes moakuJed risks in order lo keep abreast of ch8nyiny needs. 2. Value for MoM¢y demonstrablè expectatioiis 'Ihg Reoulator of SOCEI 14ousifig IRSHI'S franiowork so¢ral houslno has a SFeclflcValiip for K￿neY ¥l&nd8rd. The standard r4ulres that.. Reg￿ter8d woviders 8rttculats dolivar a compfehensnie and strateglc aPprO￿h lo a¢lil6vlng VFM in meetlng organlsallonal objectivas. Trustees Inaliilain 3 robu51335essfftent of tho FerfOrMan￿ ol all their assets .311d rebourw, This will tske intn ar.coiinl the ￿tErest of arKi cornmitrnenl10 8taktsh(Jldors. This inforrnalion 3hou!¢J be availabte to slakeho1ders In 2 transpaianl ar.d ￿CesSIbfP formal. I'hi5 means managing resources ecoliomicalty, ellidenuy wid ellect1ve￿ to provlde quallty B8nAce and rne£ and plaiining for alld deliverirg ohgoing improvements for valu$ for I￿o￿ay. The eoard of Trustees moat on a q￿rtarlY basis in GvnJunG*kon with tt)e ResouTCè Cominlttee. "rhe dyenda items Ih&l Mqll IncorpoTate W"M consid8ralKJns will be appropriately dcllbeiaiixl 8nrJ Ihelrcosls and beD£fit5 conshlered. This includ05 In& goiier8b.orh ol any potential r$lurns comvll8nsurale to the risk Involved.

Page16 LEICESTER YOUNG f41PN'8 CHRISTIAN ASSOCIATION IINCORPORATeDI ITHEI IPAEMBEkS OF THE BOARD'S REPORT linco￿￿ratIng STRATEGIC REPORTI (Gr￿lIn￿￿￿) YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT Icoiitii)uedl 2 Val&i8 for Money demoiistrable exp¢¢lotlon$ l¢ontlnuedl Y regularty revlews our ￿)IractS fer 5&r￿¢09 throughout Ihe orgaTrtsatlon and MaIn￿'D5 a robust approach to the procut81nert ol gDod.s aiid 6eNlees. t)uAng 2020121 Thtt Y's purchasL &n procurement officer CDntinuerl lo supporl the oruall￿￿1Kol1s, V8ri0us d8p3Ttments in providrng a rnumber of quote5 an￿ idonlrfyir¥J Ihe most suitable 5uppli8r fobr vaisou.s single project work Ihroughoul 11ie linanu81 year. It 15 dffFicull to 855888 Y's performance against Its pe4¥.8 y￿thin the I"egion as each YMCA is very drfferenl. However: the. lollery funded Reglonal Coniplex Needs pfuj@ct ha5 pnabled The Y io measure Its understsnding and apyrodch tu working with complex young peapka. 8gainst 6 0th8r YMC,As wiihln the r89ion. Thi5 has achieved a degree nf bpnc.hmarkinq as (les¢ribeé below. Bonchmarklng 1115 nDW a WLiiremenl to cairy out a compelluve benchmarking oxerci%e as part ol Ihe trustee's annuat r6ptsrt. Ag parl ot Ilipa pfvGeS5 Irusle2s have iitentih'ed 6 regioiial YIthCAs (Blrmlnaham, Buiton on TrenL Sullorn Cddfield. Norlh 818ffiJFd8hiTe, Wellii)Jlon and rjislricl and Lirthlnshirel. who Loutd be seer as eompetllors wllhiii Ilie Central Region. EaLli ol tli@so YMGAS are delivering a range ol similar seTh4ces to Leicesler. all have some forni of sod31 hnu55Dg, conimunily development sptsrl and support yerviEe5. In carfying out Ihe benchmarking exercise the area to b8 IneaSUr￿ ig, WDikiiig and F.iig?ging Complex Needs young peop￿, bw)rk vihlch has been the subject of bctery fundlng lo cjach ol th& above YMCAS co.orilinated and Th￿naged by LelLQStÈr. Haviiig cartied out a desktop exeTclse ft Is clear that itone used tlw folltsming measure5- Kno￿￿dgE1 and Understandinq ExperiBnc8 Tralnin9 Govwnance Staff sl(ills & aw8ren888 Leie*sler would be in s tx)5its'on to demonstrate that as part ol a banthmaT￿rfj exer¢lse 11 would b n70re than able to show a ciMnpe.tltive edge Iii Telation to our work witl) this Ghallenging group aTrJ as such set the standard Ih8t olhLirs iyuuld striv6 tu meL Within the organi98tioii. the einployee appra15al $y¥lerD incliides regular performaiitse review5 Ihat Iiiclude KPIS al an IndivK£ual afftd dcpartmoiitd IEvtrl. This enabtes tha managers ol I'he Y to assess nd mL>asure the d￿l￿ry of the str8tegic obJectSves ol organlsalion.

Page 16 LEICESTER YOUNG NtEN'S CHRISTIAN ASSQ¢IATIQN IINGORPORATED} (THE MEMBERS OF THE BOARD'S REPORT Ilnoorporotiiiy STRATEGIC REPORTI (conbnuv YEAR ENDED 31 MARCH 2021 STRATEGIC REPORT (contsnued} 2. Value IDr Money dEmon5trable expectation5 (¢ontirtu8dl Regulatory reporb'rng on VFM 15 required by Ilie RegulaloT of Soolal HoLisiThJ froin ApTII 2018 and Regi6tpred Prwiders Inust publisli th& required evtdenc8 Iri tho slalulury accounts al)nUa￿Y. The requ￿e￿ VFM melrios are presen￿￿ below. RegulAtor tsf 5odal MAtIKs 2021 20￿21 ZOJ9-20 Metrfc I l£fficienc¥l RelnvestsrÉntYo (liv￿[ment in w0po￿ll￿ p.xLstlng & ppw. a% a % rjf tho value Of tothlpmpp.rtln.s fv.ldl l Metrlc 2 Ifffo¢tiv•n•55) supply dtliverod % (No. of news01ial ind noii-50cial Iiuuslrix IiniL5 aLwired ur dEvEIDped in thE year d plbPUtI'ion ol fvi81 sts¢lal ancl no ¥oclal huu&lii¢ units owiivd 8l period w%J. I Cal¢A Ftsrsodal housln8 unlts al¢ B For non-soclal housln8 u￿1t5 3% ..Motrlc3 IEfllcior¢cyl Geai5nE % s% ,M￿tr￿ 4 IEffi¢lencyl EBITDA MRI IDter•st¢o¥¢r 2082% 1457% Metr1¢ 5 {Economyl Headllne soc￿1 housh7Z WStPLrf unll £13,G41 EJ.?,958 Motrlc 6 IEfficionryl Operatin¥ Mar81rt % Cal¢h Operallnkr Margin lsoclal hou51ngoThlvl % 14% rolcA Opp.r2tFng MA7in lovr.r41111% 3% ?% MotTic 7 IEfficlen¢yl Roturn on Capltal Émployed IROCEI 2% Coinfnenthry Thero was a nilnlmiirn of reenv&slm?nl in GoeiAI hO￿sIng properly but 8quated tD1&55 than No new unlts liave been acquired. Geaftng levels have reinained the same ?.% the prevlous year. Inte[8$1 CDVBT has remalns $ignifirAnlly hlgh diiè to an inGre35ed operating SUr￿U$ ftx Ihe year. Tl)e vjclal hoiIsing cust pEr ui)it has Ii'.creosed by Syo on the prevlou5 year dua lo addition81 COVID baF¥ly eXpeThdl￿re. Thè increase in rpeiatirlg surplus has uenerated o 5% In¢ro8sp on Ihp qoual housing operating rnsrgi rid a 1U/o Incrtase on the overall OP4¥8ling margin cornp3red wtlh Iho pre¥h￿s yL".Ir The QTOLIP'S return on capital ernp]Dy8d hds inLYr*ased by t% trom the prlor year.

Pa9e 17 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION INCORPORATED) ITHEI MEMBERS QF THE BDARLYS REPORT Ilncon)oratlng STRATEGIC REPORT) {cofttiniiod) YEAR RNDED 31 MARCH 2021 STRATEGIC REPORT {¢0￿[￿p￿￿O 3. Key Straleglc Oblg¢tlves The Y will implemellt 3 PtogT3nime 19 revtwi expendilure and 01)abb) scrutir.y of initialfii85 Nvilh 3 Vi lo achie￿7119 A mlnlmum of 5% saving year on year for the next four yaars. These Ob￿CtIVeS include: Prnmot5on- ernbaddthg of VFM prliiclves w51.hln the ¢uliuri2 ol tli@ uiganKsation. PoOp￿- encoiifagillg econom￿ aw8ness amongst staff &iid VFM principles withlri busine55 operallons. Procurement crealloii. mainteiiance and promo￿0￿ of 401)omlc. efft4ent and effeCtr￿ purchaslng prine1￿eS and cuntinu0￿S review of conlfacts ai)d seriic¢s. RecyGliny- lo rninlmv. vffiste and re¢ycle as much as tXl&Eib Partnerships-comnlun￿3le our comimftmenl to VFM and enC￿r￿ge ihese print1p￿S 8rn0ngst Dur paTtDeT6. Improverngnt- irnproving ihp pfficiency of I￿¥ we supporl and (Jelivw ourseNiGes. Gr¢on -. Iniplemeiit a piogramrne ot en8r9y effiaency. water conseNalon aii(I wasto minimisalon ac1055 the nrganlsa1￿l. PLANS FOR FLrruRE PERIQLIS The Associaknon plans lo cmlinue Its activities as ouUirb&Y abovo. Iii &ldilion, signif￿ant actAttles lo be undertaken durlng Ihe yearare as fcAk>w&= 1. 'lo fully Inaln18in or Irnprove our Ofsled in&pection rating DI good 2. To explore the development of an 3dditbnal re8idenll&' caTe Ihioiigh presentsllcsns to the BI￿rd 8nd the dpvelnpme.nl of ? bu8iness c86e 3. To appoint our own ii)-hoiistx Rpsponsi￿e Individual and mov8 away from [￿ing a o)nsuRant 4. In Parlne15hlp with SpTSng Impac.I p.xplnre 11)e ui)SCg1iiiq of the Shlnè ProjcKI aGt055 thè region. 5, To AchÈve the Ei)ablii)g Environrnen15 & NCVO SlaTriards 6. Impk￿ent tiainiThg for all staff and I'ruslee.4 on FqLiaEily.. Diversity Indu$lon and Unconsclous 7. To fully onuage in IhE rpgTOnBI BLM imlemèntslFon pl4 8. To appoint Trusle8s wbo b8(1 on Fquality. Diversily and Sakouarding 9. To 8dopt tliv Natsvnal Brand. 10. To ensure we mèRt Ihe newslandards lor regulated provtslon fur IG+ 11. ￿litinUe to have red￿d in al least ono of our Mov8-r)n properties In or<ler lo supp)rl W￿kIllg young people 12. To br￿9 Ils Wats£xi House beek on1Sne tor sèmi-indEwdenl living far young peop 13. Exploro the develoFYnenl of singLe gendar hnusing provkslor% 14. txpltsre Ilie. polwrtial to Increase aJe ran9e 10 30, ¥ubi8cl to the OUt(￿nE of Ihe CItyCouncH 18nder exerclse 15. Carry aut investvJatyon into the Teftwblshmeiilof our wasli room faclltties al Ease street 6. To 8xploie individual tegactes as parl of our fundreising strategy 17. IMp￿￿ent a Gapilal invastment Stiategy reooun!slnG InoJoi' capltal works drid ils Ynpact on otyanihallonal Ixidg8ts WKI casl) flow le. To look <i15uiidlny opportunities in order to contiliU6 QLpr work aiound coinplex iieeds 19. for Co-Productk)n to become. fundamei)tal lo our work with Y￿Ing p8ople and crea18 pporlunities for young people to engdgo in 9overnancB 20. To increa58 the diversity of the Board 21. l o asspss OUT enwroiimenial footpfinl aiKI do￿oI0p plan3 lo reduce th8 same.

Page 18 LEICESTER YOUNG MEN'S QHRISTIAN ASSOCIATION IINCORPORATELII (THE) MB41BERS OF THE BOARD'S REPQRT lincorporatlng STIIATEGIC REPORTI [e￿nfIn￿edJ YPAR ENDED 31 MARCH 2021 STATEMFWT OF THE MEMBERS OFTHE BOARD'S RESPONSIBILITIES ThL Board is rtisponslble Tor weparliig thp Memters of tha [￿ard'S Rep￿T[ induding Directh. Rupori and Slralaglc Report. and linancial Statenior￿ In accurd'aiice Wklh Hppllcable law aiio r8qulatioiis. Cofftpany and Regi3tErèd Soslal Housiny leglslation require the. Ll()ard to prep2rÉ financial slateJnerrt5 for each flnanclal ye3T. Under fhal law tho Board Iiavt elected to prepare the finwioial $talempiil8 In 8ccordan( wilh UnilecE Kingdnm Generally Accepted AcGDunling Pr3ctice. Under thal18w Ihe Board mLF51 not approve the sllemeiits iinles6 they are satisfied that they give a true fair vievl of the slate of affairs pnd SlJTpIus and deficit of Ihp group for that peri(xl. In prepariiig tliese flliartcial statemenls IhD Board Is required to., select suitable accoiinting Pol￿￿5 and then appty them con5i5tentty', make Jiidgemanis and accounting eslSr(IdlLis that are reasonable and prudent- 51ate y￿eth￿r 8pplitsable UK Ac￿lin11n￿ $i?ThlartJs and Ehe Statement of Recommended Pr8Ctice ISORPI AcGouhllng by Registered HO[￿ing Pioviders 2019, have been fonowÈd, Subject to any malerlal dep?rtiir&8 dlsclosed and explained in th8 linanGial 51aiwnL¥ntb', ai)d prepare th& Ilnancial stalemBnts on the going concerii b<TrSiS UTh￿8$ 11 is inapproprfate. to presume Ihat the company and group will continue in operation. Eoard Is r¢$ponslble for keeping adequale accounting rL4Lxirfs, thal are Slift￿le￿I lo show aiid lain the cornpwry'6 ar.d group'% Iransac.IlntL4 8nd disclose with rta50nable aCCLtrracy al gny time the linancial position of the Gompany 2nd groiip and aiable them lo ensuie that the fin2nclal slateinen15 comOy vAth Companps Act 20C6, the Housing and REgOr￿￿￿tL)n Act 2008 and the a¢counlliig reqsJireThpnts of the Ae¢ounting Directwyi for k¥lvala registered piovid8rs of soci31 housing 2019 The Board also responsknl8 for 53feguardSng thc4 assets ol tlie eoimpony and gri)up and hencp for taking reasonatle steps for Ihp prevenllon and det2Gtion of frsud and othcr irrogularlttes. RSH GGVERNANCE & FINANCIAL VIABILrrY STANDARD The Board recognis85 and confirFns thc GomplL4ncg wllh Ihe Regulator of Socli?I HcJusing'$ Governaiice & ￿ Yan¢!al Viabilily Stantlard. "fbg Y has also retaivjed its continued qualifiGciliOI) as a Home5 England Inve5trnent partnèr lorftilure l)ousin9 propramme.s. PUBLIC BENEFIT Tli& 8<)arLI of Trustees lias referred lo the ouldaDCe contained in the Charity CornmissDn'y goneral guidanGe on publio bènefrt wlien revkwino Associauon sim5 and objedwes and in plaTrning fiiturt> aGllvilie¥. 'rhe f￿lS cjf QUT viork 18". thc prowisEon of 8UPPOrted housiiio to vulnpJable young horneless [￿1B lacllil8b.ny our resources lo offer a varled yogTamme of cominiinily and 8ducaEiofo18v&nl worklng In parb)ership wtth ather 2g8ncEs to securo the w1￿95t rawo ul 5prvices avai18ble to match the needs af Clients proviion of $pnrt. heallh and fitne55 facilit125 ID meinbers of Le communlly provi(le resldeiils with education, trainiro aTrd skllls lo se¢uie employmenl or Ihetr own lenan¢les. The Board of fruslL.ies has oomplled wllh se¢doii 17 ol thè Charlties AGI 2011, arbd in setting progmfflme each yoar has hacl iegaril lo both the Lliarity ComrnSssion's general guidanog on publi benefit Bnd provision of servl¢es for the Clleiil popiik2llr)n_ l-h8 Eloard of TrL15tees ￿V*SyS ensLEre¥ Ilial e service5 pfL>Mdod are iii1iiie with Ihe c￿rItable objacts and Sims ol th& A55rriab"on. Ihe 803rd fèals lh6 afoiemerblioned St￿lE￿iL Repoit ond princlpal actiwly Rupporttliis candusion. AUDITOR la ar£oTdanc8 Wlth the Compani85 Act 2000 ¥ re501Lilk)n proFK)sliig Ihe app)Inlment of FDfTestw Boyd Chariered Accoiinlants ￿ AudilDr wlll b8 Put lo the m8tllbor$.

Paye 19 LEICEsfER YQUNQ MEN'S CHRISTIAN ASSOCIATIO (INCQRPQRATEDI {THEI MEMBERS OF THE BOARDF REPORT Ilnrorporatlng STRATEGIC REPORTI (wnbnuwcij YEAR ENDED MARCH Z021 DIRECTORS, REPORT STATEMENT OF INTERNAL FINANCIAL GONTROL The Board Is reSpon￿bI6 for Inaintsiniry 8 sound system nf Intefnal control whlcli.. -u¥es' uJi the s&nifl¢￿ne rt¥k8 that Ihroaton the As50ciatlOn'5 abifily to meet it50b1￿1￿￿0s- an PTovides reasonable aSsUffin￿ ol the safegliardlng of assets. The aoard i8 8180 r8sponsibte for rthryewing the effectiveness the Syst￿ of iniernal control. Tliè internal conlrbl Sys1￿ is desigi)ed lo manage, rather than elirriinatc, thu risk ol failwo to acliiovè buBin85s obiaclives and can only provide r8asonable. and not aLx8olute, a8SUtance against m3t8rial Inlsslaleinent or loss. Tha pro￿5 for idenlilying. evafualing aTrJ managtllg the swjnifrcant risks fac￿1 by tha AssocHbon 55 ongolng. Tlils process has be￿1 Iii plece for the year ended 31 Aqarch 2021 and up to the dale of approval of IhE annual Teport and fvianttbal s131ernenls and is iegukrly 12viewed by th8 Eoafd. -I'h& pwe85 wliir.h 11)& 2oard has adr)plad in reviewiiig tl)e e.ffectiveness of the Assock3llon's 6y6tem or thternal control 1$ revie4vgd thrDugh Ihe Resource Coiminilloe. Tho key LAkniehts Itk exerL15ing lin2n¢Sal control indude= rorrn81 poliGiOS and prOc8du￿S are in place. includin9 the doGunient8tiork of key SyBtem5 aiid rukjs relallng to the Ifelefj7i IIDli of aiithgrilEs, which allow monitoring of controls and restrici Uie uiwu1hnij￿d LEse uf tlio ￿$￿xIa￿"tsn,$ assets. The employment of siiitably qualified $Liff ID lake re5ponslbllity for key areas of the buslness. Th￿ is supported by an annual ¢ipyrassal sy$lvM to m3int81n standards of perturmance. The prépardUt4) of foiÈcasis and bud Jets whlcli allow the Board and manayomEirt to moTrilor the key business risks and financial 0￿-ectiVe8, and progr8SS towards lina￿cial plans sel toi tha year aiid ihe mecliiim lem,. reguLar management aooDUnts are prepared proinpuy, providing roSovan( reliabl8 and uwtO-dat& flnancwl Jnd othér infurmalion and 5iynifit3nt variance5 Irom budgets are Investigal&d as appropr18t8. All 5ignjficant new iDitj8lws, Major cotnmitrnents and investment projeds are subjectto foirnal authorisalion procedLITes, Ihiough relevant sub-commlllees comprlsing Board members and altiers. Ttte Re8ourc¥ Commiitog reviews reports Iroin Ir8rwgefffil extornal audilots b provlde re950nabSe assur3nC8 that conErol pro￿ureS arg in place and are b￿ng followed. Thls Iiicludes a qeiieral revlew ol the major risks facing the AssocIa￿an. The Resource Gommitlèe make regular rEports to the 8odr FonMJ proceifures have beeli established instituting appropriate aCt￿n io torrL akne55e5 Idenlild from Ihe sbove re￿ts

Page 20 LEICESTER YOUNG MEN'S CHRisllAN ASSOCIATION IINCCRPORATEDI (THE} MEMBERS OF THE BOARD'S REPORT {¥hc¢rporatiny STrATEGIC REPORT} fconb'nuLY YEAR ENDED 31 MARGH 2021 DIRE¢TORS' REPORT ftswrtliiiuorlj STAYEMENT OF INTERNAL FINANCIAL CONTROL fonnlhTugd} FRAUD It is th? wlicy of th2 Th8 Y to identify and promplly inv85kn'gatE any po85itsility of Irauduknt or rElaled r115honest a¢ifvllles agalrBI Ihe organlsalion. T118 Y alrn$ to prornDte oigaiiisalKJI) ciillijre whlch ncDuFayes the prevention Df iraud by ￿SIng awar@ness of Ihe rieed fo+ high 5tsnd8rd5 of per30llBI Gonduct Any act of fraud ascertained upoii Investigation. or pursuant to a crnind EDnvlclSon. or ihrough writlen aCkpo￿ed￿MenI by the emF4oyee eorttriied: shall re8uII In the anpro￿ale dlsclpllnary and legal 5GI￿nS ayain51 thg ern￿OYee. Prevention of Fraud Executivtts., manuyerb artd employèes al all levels are responslble lor exerclsfng due d111gen￿ and control to prevent, detect aiid report ac15 of fiaud. Those wlio fail to carry out these respoiisibilities wll be subjeot lo dlsciplinary acllon up to and IntJuQingJ lerminalon of employmw)L l Men8 11 i8 tlie iesponsibilily of Exe¢utiv8s and rnanager5 to be faMI￿ar witn the types of improprk?11&5 Uiat m jqhl 0￿1r in Ihelr aree ai)d be aleil for any ind￿alK)n that limpr￿P.T acllvfty. mi$approprlallon pi ishcne5t aclivtly 15 OT vias ￿ ￿￿St￿nGe in his ui 116•f 4fLa al￿ PLII in rAa¢e coiilrols lo avoid such occurr2nces. ofEm R8spon5ibil1tL￿1Oyees It Is Ihe respoiislblllty of all eniployees to eondit¢t Ihelf worK Sciiedule In s(Joh a as lo prevv.Il fréL Occurring ￿ the WOFkplace. EmtAoyee5 Inu51 slso be Bl8rt lo tho p(XsiblllllEE fDrfrHud and be ￿ guard for any Indic?lions Ihal improper or dish)neBI artivty is taking place. ortin It is Ilie rosw)Jisiblllty of all uxecutives, rnarrayers lKI emptoyees to rey)rL any sustxcions of fraud wllhout dew xcor(Ilng lo the prott￿ure laid out below. A person who suspe015 that Iriudu12nl practiGE may oporakn.ng slioulEI, Ilie first InslanGtyi, report Inaltp.r ￿ hislhèr IDsnagei or immediate 5upeTiOI. SIIDLild it ba inapproprbal8 to m3ke such a report to ali Immedlale superiy: the report shouvj be made to that w.￿￿,$ mawer or direcdy lo the Ch Executive. OnGe a TeFX)rl 01sYSP6Cted ffaud is to 6upervtsorlmaiiauerihil person should repoTI the svspklon lo either Ihe chi￿ ExocutiV8 Qr finanr8 DirEclor. A Fraud IIKkleiil Reporl should be completèd by the person reportlng 4uspe¢leO fraud, The FSnance Dlreclor will report èwy incldents lo the Resource Cominlttee. Tliig pollc.y 1% rea(1 In coniunoliot) with thp whl8Ue ￿l0￿￿ng policy. Tlie fraud policy Is revlewed annEJ811y by the kinan( Dir&r.lor.

Page 21 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION {INCORPORATEDI ITHEI MEMBERS OF THE BOARD'S REPORT Ilncorporatlng STRATEGIC REPORTI (cOnt￿ued) YEAR ENDED 31 MARCH 2021 DIRECTORS, REPORT (contlnued) STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS We, thÈ Boar<J members ol the Group. who held oflice at the dale of approvd of these Financlal StalerneD15 set ¢￿t above eath ¢onflm). so far 8SW8 are awar?, that there Is no relevant audlt Inforrnallon olwhich the group's audltors are unaware; and we have taken all the steps Ihal we ought lo have tsken as BoiaTd member6 in order lo mak8 cwrselve5 8w3re of arby relewanl audSt informatlon and to establlsh that Ihe auditors are aware of Ihat Informaticm. The Membérs oflhe 608rd'5 Rèportwhrh 15 prepared underlhe CharflwAct2011.w￿Gh also contains all infomiallon required In a directois, rep)rt by thÈ Cc*npani@s Act20C6. and th8 Incofporaled Slralegi Report prepared under the Companie5 AGL2006. were 3pproved by the Board ofTTuslees on and 5ign¢d'. by order of the Members of the Board MR P BROWN Chief Executlve

Page 23 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI (THE) Oplnlon We have audited the financi81 stslements of Leicester Young Men's Christian Assoaalion Ilncorporaledl (the 'parent company'l and its subsidiary (the 'group') for the year ended 31 March 2021 which comprise the Consolidated Income and Expenditure Account and Slalement of Comprehensive Income, Consolidated and Association Balance Sheets, Consolidated and Association Slalemenls of Changes in ReseNes, Consolidated Slalement of Cash Flows and notes to the financial stalemenls. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalements.. give a true and fair view of the slate of the group's and the parent COMpan￿S affairs as al 31 March 2021 and of the group's income and expenditure for the year then ended., have been property prepared In accordance with Unitsd Kingdom Generally Accepted Accounting Practice., have been properly prepared in accordance with the requirements of the Companies Act 2006, the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of Social Housing 2019. Basis for opinlon We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKI) and applicable saw. Our responsibilities under those standards are further described in the Audilorfs responsibilities forthe audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit e￿dence we have obtsined is sufficient and appropriate to provide a basi5 for our opinion. Conclusions relating to golng concern In auditing the financial slalemenls. we have concluded that the board's use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have perfomied. we have not identified any material uncertalnlies relating lo events or conditions that. individually or collectively, may cast significant doubl on the association's ability to continue as a going concern for a period of al least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responslbilities of the board with respect to going concem are described in the relevant sections of this report. Other information The other information comprises the infomialion included in the annual report, other than the financial slalemenls and our auditorfs ret)ort Ihereon. The Trustees are responsible for the olher informallon. Our Inancial statements does not cover the other information and, except lo the extent otherwise opinion on the f explicitly ststed in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is lo read the other information and, in doing so. consider whether the other informallon is materially inconsistent with the financial slalements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslalemenls. we are required lo determine whetherthere is a material misslalement in the financial slalemenls or a material misstatement of the other informab'on. If, based on the work we have performed. we conclude that there is a material misstatement of this other information. we are required lo report that fact. We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Companle$ Act 2006 In our opinion, based on the work undertaken in the course of the audit= the infomiation given in the Members of the Board's Report {incorporaling Strategic Report} for the financial year for whlch the financial ststemenls are prepared is ¢onsislent with the financial statements: and the Members of the Board's Report lincorporaling Strategic Reportl has been PrePa￿d in accordance with applicable legal requirements.

Page 24 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION (INCORPORATED) ITHEI {CONTINUEDI Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the group and the parent company and thelr environment obtained in the course of the audit, we have not identified material misstatements in the Members of the Board's Report lincorporaling Strategic Reporti. We have nothing to report in respect of the following matters in relation lo which the Companies Act 2006 requires us to report to you if, in our opinion- adequate a￿Ounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us,. or the parent company financial statements are not in agreement with the accounting records and retums,. or certain disclosures of Trustees. remuneration specified by law are not made., we have not received a51 the infoTmatr'on and explanations we require for our audit. In addition, we have nothing lo report in respect of the follow¢ng matterwhere the Housing and Regeneration Act 2008 requires us lo report lo you if. in our oplnion-. sallsfactory system of control over transactions has not been maintained. Respectlve responslbllltles of Trustses As explained more fully in the Statement of the Members of the Board's Responsibilities sel out on page 18, the Trustees {who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the financial staternenls and for being satisfied that they give a true and fair view. and for such internal control as the Trustees detemiine is necessary lo enable the preparation of financial slalements that are free from material misstatement, whether due lo fravd or error. In preparing the financial stalemenls, the Trustees are responsible for assessing the group's and parent company's ability to continue as a going concern, d1sclosing, as applicable, mattets re18ted lo going concem and using the going concern basis of accounting unless the Trustees either intend lo liquidate the group or the parenl company or lo cease operations, or have no realistic alternative but to do so. Audltor's responsibilitles for the audit of the financlal statemgnts We have been appointed auditors under the Cornpanies Act 2006 and section 151 of the Charilles Act 2011 and report in accordance with those Acts. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement. whether due lo fraud or error, and lo issue an audilorfs report that includes our opinion. Reasonable assurance is o high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS (UKI will always detect a material misstatement when it exists. Misstatements can arise frorn fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to Infiuence the economic decisions of users tsken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance wth laws and regulations. We design procedures in line with our responsibilities. outlined above, to delect material misslalemenls in respect of irregularities, including fraud. The extent to whiGh our procedures are capable of detecting irregularities, including fraud is detsiled below.. Discussions with management. including ccfflsideration of known or suspected instances of non- compliance held. Challenging assumptions and judgements made within significant accounting estimates and judgements such as depreciation, bad debt and voids. Identification of key laws and regulations ￿ntral lo the associations operations and review of compliance with such laws including a review of the Charitles Commission website and the Housing and Regeneration Act 2008. Testing of joumal entries and potential override of systems. Because of the inherent limitations of an audit, there is a risk that we wlll not delect all irregularities. including those leading lo a material misslatemenl in the financial statements or non-compliance with regulation. The risk increases the more that compSiance with a law or regulation is removed from the events and transactions refiecled in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater Tegarding irregularities occurring due to fraud rather than ewor. as fraud involves intentional concealment, forgery collusion, omission or misrepresentation.

Page 25 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI {THE} (CONTINUED) A further description of our responsibilltles for the audit of the financial statements is located on the Financial Reporting Council's website at.. htt s'.Ilwww.fr¢.o .uklaudilorsr Qnsibllll This description forms part of our auditorfs report. Use of our report This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state lo them in an auditor's report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this rep¢rt. or for the opinions we have formed. G J&*t&&rt/ Carrie Anne Jensen ACA (Senior Statutory Audltor) For and on behalf of Forrestsr Boyd. Ststutory Auditor Chartered Accountants 26 South Saint Mary's Gate Grimsby DN31 1LW Date.. 71h September 2021

Page 25 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATED) ITHE> CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF COMPREHENSIVE INCOME YEAR ENDED 31 MARCH 2Q21 Note Y•ar endèd 31 March 2021 Year ended 31 March 2020 TURNOVER 3.674,804 3,601,341 Operaliny Costs 13,674.978) 13.520,8641 OPERATING SURPLUS 99,626 80,477 Share of lointveniur8 surplus Interest receivable and slmilar income InleT8St payable and slmllar ch8rg8S Chang8 in fair ¥alue of inveslmernl properliÈs Change In fair v81ue of Snveslmants 12.199 118.229> 15,169 (22,381} 12 13 264.328 68.561 156,9fj61 SURPLUS FOR THE YEAR BEFORE TAX 426,485 16.29g Taxatlon SURPLUS FOR THE YEAR AND TOTAL COMPREHENSIVE INCOME FOR THE YEAR 16.299 426,486 The results relate wholly to continuing activities. The financial statements were appmed by the tx)ard on Mr T Moore (Treasurer) Ms K Hamyllon Ichwrl Th? annexed nolÈs form p3rt of these finorxlal slatsm8nts.

Page 26 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI (THEI GON50LIDATED AND ASSOCIATION BALANCE SHEETS AS AT 31 MARCH 2021 GrL¥up Asso¢iation Z021 2021 2020 2020 FIXED Assgrs Intsngible asset5 Housing properties Other tangible assets Inveslmenl proFrtI8s 10 11 11 12 2.444 3.618.825 32Jf.881 1.570,QOO 4,884 3,891,842 336,346 1,305,672 2,444 3,618,825 211,299 1.570,000 4,884 3,891,842 334.528 1,305,672 5.517,150 5,538,744 5,502,668 5,536,926 Other Invastments 13 444.2fj5 382.278 444,266 3S2.279 5,g61,41S 5.921,022 5.948.834 5,919,205 CURRENT ASSETS Stock6 Debtors Cash and cash equlvalents 14 15 23 1,050 144,974 1.022,4C6 1,653 287.849 638.981 205.029 1,013,416 323,232 623,277 1.168.430 1.218.445 946.509 CURRENT LIABILITIES CredSlor8,' Amounts faI￿ll9 due w¢Lhin one year le Y27,776 838.1C6 929,534 833,968 NET CURRENT ASSETS I{LIABILITIESI TOTAL ASSEfs LESS CURRENT LIABILITE8 240,654 88,377 288.911 112.541 6,202,069 6.009,399 6,235,745 6,031,74fj Creditor5'. Amounts falling due after ¢Me ye8r Provisions for lIa￿li￿e5 17 18 2,676,059 362,317 8,163.693 2,964,397 307.794 2,678.069 362.317 2,964.397 307,794 TOTAL NET ASSETS 2,737,208 3,197,369 2,75g,555 RESERVES UNRESTRICTED FUNDS Designated & general reserv?s Non-charilable trading reserve5 Joint venture reserye 19 3.193.332 (33,5761 2,755,518 122,347) 3,193,332 2.755,518 19 3,159,656 4,037 2.733,171 4.037 3,193,332 4.037 2,755.518 4.037 RESTRICTED FUNDS TOTAL RESERVES 3,163,693 2,737.208 3.197.369 2,759,555 The A53UGialic￿.s s￿￿luS IS £437,814 {2020- £86,101). The38 financLpl stat8mants on pages 25 to 50 were approved by the L￿ard and authon3Ed for Issue on ansj were slgned 118 behall by- MrT Moore Treagur•r Company Registratlon NumbEr 001S9933 M5 K Hamylton Chair

In

co Ln v?

PÈYJC 29 LEICESTER YOUNG MEN'S CHRISMAN ASSOCIATION BNCORPORATEDI (fHEI CONSOLIDATED STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2021 Note 2Q21 2020 QPERATING ACTIVITIES Net C>Jbh yel￿rated Irvrtl OF•Jf81ioll5 NET CASH GENERATED FRonii OPERATING ACTIVITIES 22 488.743 488,743 (26.759) CASH FLOW FROM INVESTING ACTIVITIES Ii)leresl and dlvkiends received Pawnenls to acqiiire larolble fL¥8d assets Proceedq on di6posal of Jolnl Ver)II1Te 15,169 138,6261 90,554 (V.,0631 NFf CASH USED IN INVFSTIN(J ACTIVITIES (59,8641 67,097 CASH FLOW FROM FINANCING ACTIVITIES Payrnpn15 to acqui¥e fLKed asset inv2%tsMents ReGèipls on sale of1Sxed asset Iiivestments Intere31 psid Repayment of borrowings 1101,30Jl 107.879 {18.22DI <31,7Q91 (53,64SI 122.3811 130.3481 NET CASH (USED INIIFROM FINANCING ACTIVJTIES 143.A641 <45,251> NET INCR&4SEI{DECREASEI IN CAsFf AND CASH EQUIVALENTS 385,425 13.9131 CASH AND CASH É¢JUIVALENTS AT THE BEGINNING OF THe YEAEi 836.981 640.894 CASH AND CASH EQUIVALENTS Af END OF YEAR 23 1,(r22,406 B36,981

Page 30 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATICN IINcoBpoBAYEDI ITHEI NOYES TO THE FINANCIAL STATEMEwrs YEAR ENDED 31 MARCH 2021 LEGAL sfATUS AND PRINCIPAL ACCOUNTING POUCIES Thp C.Dnpaiiy IB a private company liinikn4 by guaranteo an English rcy15tsKed ¥od81 hc¥Jslng providei_ Each Inernbef undertakes to cuntribule ari 8mounl ntsl exL'eethng Ip li) the 8v2nl of Ehe A580cialon being wound up. Thero woro 13 mernberb dLFring ltr￿ year12020.'11 InEmbwg1 Th8 address of the Comparpjrs registered office drrti prln(xpdl place of business is 7 Easl Street, L￿cest¥, LE18EY. The Company is a registered oharity and a PLibfL bentsfil ￿ltit￿. The pritKipal ￿tivItieS arg disGlosed in the Membèrs vf the 8oard's ReporL The Corrnpany is incorpordled underthe CompariiLJ¥ Atl 2Q06, Chan"bes Act 2011 and 16 a ￿ale Registered Provid8r of Social Houslny (RPI. Basig of Accounting These lirTrancral ststemenls have pripaiEd iri a(xord8nce wfth UK Qeneralty Avxepled Accounb"ng PraGtice {UK GAAPI, inGludiny FRS 102 'The Flnaiiual R8POrtlw 8Eandard applicab￿ in tho UK and RepLibliL of I￿land. L FFIS 102.1, the Hoiising .SORP 201fl "S￿terne￿I of ReGonirnendEd PraGIiGQ for Reglsleied Housli)q Pi(wide.rs" end r.rimply with ihts. Accountin9 DirecliDn for Private ReglslL4red Providers of &)dal Hous1)9 2.019, and linder Ihp hlslorkal c05t conveTrlicn, èxcept th81 inve¥trrients are hel(l al falr volue. Mmelary arnol￿1$ iri thts¢ fifftanci2t Statem￿7￿ ore r￿nded to the ne3rgst wliote £1, 8XCePt re olhenwse indicated. PRINGIPAL ACCOUNTINO POLICIE8 REDUCED DISCLOSURES In a¢uorLlance with FR8 102, the Gompany hes taken 8clv3ntage of Ihe exemptions frorn the rollowing dlscl¢)sufft requirerryant In tlie individual linancial slalerrEnts ol Leiceslei YDung MEn's Chrlslban AssocAE Iioii. Seob"011 7 'St8lemei)l of Caqh klow3' _ Prasenlatioy of a sta18n￿t of G85h flowy Jr)d Tebled notes and di£closure5. Se¢tM 11 'Uasic Financia5 Instruments. & Section 12 '011Jei' Finandal In8lrumet)t Is6Lies' e&Trying an￿unIs, interest 1ncornelexpensLJ and 71et yainsllusse$ lor each category of finandal insl¥umerl' basis DI det8TfftiniNJ 18ir v6lues', tlclsils ol IxJllgter&l, loaii défaults 01 brea-hes." and detai15 Ot Iicdyés dnd ldging f&r vakue chan9es reeogTrF6d in income or exp8ndilure and in otliL)r ¢ompreFierisivÈ In¢ome_ SecAinD 33'Related Party 0i5dosllr9s'_ CotllVDllSdlion tor key m8nayemenl personnel. The f￿anual Btalein8nts ofthe CDmpany ar@ Induded vthtt)In these flnawial statements. GDing Concern The Group and Company have preparBd detalled budgets and oash flyw foTecasls for t￿ rwlod of a rninirnum of 12 months frorn the datLi uf dpproval of Iliese Iin&]idal slaternenls. Tn mitigate the 1rnp￿ of the COVIO-19 Brisib, the detalle(I buQgel8 and cash tlow forp.casts have beetb subiecteé to a deg￿e of sensitivity analysis for Ilie sarne pp.riod. -I'lip. com11￿>r£I31 luriiover accounts for circa. 8Ya of group lurnt)ver vilui rninimum fixed cost rè4lbcallon.111s assumed that the impact of COWD-19 un thc SOLiice of income for Group and C.nmp8ny will be minirnal. On th81 basis, the m(tMbopi of Board are .%alislied thal11 remaln8 appropr1318 to prepare the h'nancial 51atameiits on the going ¢onceTn ba818.

P￿e 31 LEICESTER YOUhlG MEN'S CH￿ISTIAN ASSOGIATION IINCORPORATPDI ITHEI NOTES TO THE FINANCIAL SYATEMENTS {wilfftubYJ) YE4R ENIDFD 31 MARCH 2021 PRINCIPAL ACCOu￿NG poL￿rEs IcohitinuBdl Turnover TurTrovei Tepresenl¥ rvntral and seTvire chiwges Incorne recolv8ble in Ilio year net of r8nl and service ¢harg@ k)s¥os frDlm volds. SllppDrlini! People incomE. rvtsnue grants from Local ALrthoi'ltles Home5 England. and other Ine.ome. Supportlng People Siippoyliiiu pL￿p[e income and expenrtiiure relating lo $@rviG05 is accounted for on an 8rLruals basks, n)aEol)iiig inGornp ènd expendilure: and dlstsSosures dre made n 8CGordar¢ce wllli the r81evanl staiKl8rd5 and ￿gI￿atIon. 3asi8 tsf Consolldalion These finBncral 5tat2rnents include finaiicial slaloments of the Company and ils subsldlary urndortal(Ing up 10 31 Mar¢li 2021. Uiider 8e¢tioh 408131 of the Cornpanies Act 20rffj the ¢ompar Is Bxempl Irorn the requirarnents lo prewil Its owi) inc0￿e arKI 8xpelldSiure xcount. Tho consolid81ed financrAI statements in¢orpor¢lte those of the Crjnipany and all of Its 5ub5idtsries li.e. entillpq tl)at the Group Conlrols through i15 power lo govern the financlal arid operating pollctes as lo oblaln e¢onUM￿ bL4bntsfit5}. All finallclal staternenls are rnade up lo 31 Marcli 2021. lThveslrnenl in the subsidiary is slaieil at cost. Donations Donatioi)s rècelved forthe oeneral pu￿08¢5 Iha Company are inr,ludad as unreStr￿le￿ funds. DonaliDrk5 for Sctwities rp%lTlCted by the wlsl)es of the dunor are ial(en lo'ieslTlrted fUr￿s. wherrj these wi5he5 3ra lagally blndlng on ltte BO￿￿1. Restrioterl Rese7ves Restrictéd rp8ervp% are those res8rv¥s which ale orkly expendable in 24 C.cLjrde￿e wSth th8 wshe5 f the luDdpr OT requialory bot1y. Expendilure cannot direcuy set aoali)sI MtriLIL.sd ￿serVE4 but ts taken tlirough the Income and Expenditu18 AGcourl A Iraiisfer from festricled reserve5 15 then niadp appropyiate. By thJs mc3lhod, expendiluTe. lyh￿h meets the cillerla.15 d)arg￿ to Ihg fund, tcgetheT wilh a I￿"T altOGad"on of manageme171 expew5. DesEgiiated ReseNo8 Designstr.d r8setNes are parl of unrestr￿le0l ￿serVES iyhiGh have heen eaimart(ed by the BcoFd for a particvlai purpose. Such do5ign3tiOlls rnay be revetsed by luLLiie Board dÈcksion5. tXP8lldlture caiinol be directly sel against de￿gnated rese.Tves, but ks token IhrDu9h Ji811)GDme aiid k%pei)dlttire ALxounl. A tr8nsTer 15 than made froin deslgnaled reseNes as approprrate. Intanglblo oss•l¥ IDlanglble assets are recognised when future econoink benefits are probable and th2 cost of d7P asset c.an be measured reliably. IntRI)gible assets are irTllially racognised at cost aiid are subwuenlly ww5ur8d at cost 16$ accurniilgled amortl9at￿n and aCGuM￿￿ted impaiTmeiit losses. Iiilangible as58ts are aincrtl8ed to inconie or exwndilure on a 5traight-Ilne I￿¥16 over U)elr useful lfvt)S, foNow5'. Website cos(s - overfj years

Pdgci 32 LEICESTER YOUNG fiIEN'S GHRISTIAN ASSOCIATION IINQOFIPORATEDI rrHE) NOTES TO THE FINANc￿L STATEMENTS (Co17t￿ugd) YEAR ENDED 31 MARCH 2021 PRINGIPAL ACCOUNTING POLICIES Iconllnued) AinorllsaD'on is revised prospecliyely for any slgnlficsnl cFl￿ge In useful Ille or restdual value. Oli disposal, the differ¢nGe b8twe2n the disposal proceed6 and Ihe C￿ryIng amrjunt of the 1ntanq1k￿e asset is rer.ogp.ised in income or expeThYiiure. FSxed A8sets and Depreclatlon TangSble fixed asso15. Stat￿ al ¢ost, letss accumulated depre¢EalirJn. DepreG131IDn B Ghargcd on a BtTrighl line ba515 over thc expected eco11￿￿￿¢ iiseful li￿ of Ine a.Isat5 at the following anrhu81 rale5'. rreehold bu1￿￿9￿ Inon4)oushigl cvpr 25 y8aTB Furnitu￿. fixliirc5 c]nd Ill￿119$, IT (wer 3 to 10 yeaT5 (depe￿dent on the eypeclf equSpn)enl er￿nomiC Ilfel L&asehold improvements ovei 25 ye.ars OT the life of .'he lease ff le55 Motor vehiGle5 over 3 year Lifts over 26 y8aT5 Majui cok¥iwiients of houshig rsrop8Tles havé been accounted and dopre¢kited separately Irom Ilie ionnerted l)ousiiig propp.rly st the folloYAng rdl8S'. ¥lructure over 10 to 2J years Kilcheiis and Elalhrocffl5 over J yCJars ElectrfrAI equipment ovor 3 yp£irs LThs ovor 25 yvars Freehold land is not dopreG'ialed. Th8 useful EcoP.ornio Ilves of all taiiglblÉ fixe.d assets ar8 review8d annually. Houslng piopertks arA principally propeTb"es avallable ftjr rent and ore slated at cost loss and provi8Lon foi any impalTrnenl nl cos15 of prcperli(x are ¢cpllollsed to the exlenl that tligy are direttlly attributab￿ to nglng the tirDpettias into w)r￿.￿g tiondi1￿)n lor their intended ilse. Direcuy 8ttiibLitsbl& GOSt¥ incliide Ihp18bour costs o own ompluyees lincludliig developin&ntql?ff, ir.IIDuse architeGls and siirvèyor5) arising direGtly from Il corkStniclic>n OTac4iJisilNy) of the property, and the i￿rV￿er11al costs that woukj have bgen avoided only if the properl¥ had not beèn con51rucled. Impairrnent An 35s8ssment is al each repofting date of there are indication5 that a fixed asset (including houslng propert￿) may be Imp3iEd or that an impairrnenl luss prevlousfy racogn15ed ha5 fully or partially rEvpwed. If such indlcalDn5 exist, the Group estlmat86 the reGoverablo athounl ol as$8t Shortfalls between the carrying value ol fixed asse15 nel uf any associated Soclal Houslng Grant and their recovp.rable amounts, b?ing tliv higlier of fair value less costs Ir) 8RII and valu8- In-iFse of th8 asset based on its Se￿￿9 potenlial, are reeognlsed as Impalrment kkqs in Ihe I￿￿￿e and Exp8nditsEIR Account. Recognised impairmallt105885 are revorsod if. and Mly If, the r8aEonB for Ihe irnpaimienl10sS hAve c.eased to apply. R&versJs uf Irripalm)enl lo$s66 arp recogiilsed ift1ncorne and expcncjiture. On reva15al of ali inipairment Iw, IFie depreciation 01 ?mortisalion is arjjiisted to allocal¥ the ass81'5 re¥tsed c8rrying amDLtiil (ILaSS any Tesidual value) over its remainlng useliil life.

Pa9e 33 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION {INGORPORATED) (THE NOTES TO THE FINANc￿L STATEMENTS (ronlrniied) YEAR ENDED 31 MARCH 2021 PRINCIPAL ACCOUNTIN13 PQLICIES {coThlin118d) Inveslment PropL)rtIès Inve.strneiil wopeilies Ibiduding prowiitlQ3 held under ali operallng le8581 cKJnslsl of cominerua propertie5 and properlies iiol held fr soci31 ben8fil. 'fhese properlies ale initially mea6iired al cost ai)(I sub5equei)Ily measuroLI al fair vdue wliilsl a re.Ilable measure of lalr value Is woil&blo thcrfjt itndue Cobt or effort. Ch3nge5 in falr valup are reoirjnlsed in incoine gnd expeiidrtiire. The Cornpanles Act 2006 roquir&5 311 propeilisq to be (Sep¥eclaied. H(Iwever. tliis reqiilrement conlllcls with Ihe g@i)erally ¢￿cepted accounting princlp18 sel out in FR8 102. The Board consldeiB that. bec¥use investment pToperties are not 1i8ld for consumplkxi, bui for Ilielr inve$linenl wtfriilial. lo (l@pr8ciate Ih8ni wrould not Iiue aiid f&K view. If th￿ dEparlure froTn the Comp8niÉs Act 2006 Iiad nol been Inade in order lo giv& a trLie and falr vw. Ihe profit for the financial year woiild have been rediic@d by doprts¢lalion. H¢JtheveT, the amourtt of dopreck41ion C￿n￿0t reasonably be quanufied because dopretstalion is only one of many f￿GtOrS refteGt8d in the annu31 Val￿tI￿r) atKI the £￿0[1￿1 relthllrw tv tho deprcciatioTh of the Pft)PQfly csnnot be s8paralely rdenufsed. Investmerstg and Investinènt In¢otn Invua51ments are Garried 8t fail value. Changes hi f8k v￿ue are incliidwd in IhD lllGon and Expendilure Account. Invaslment incorne ￿ accounlèd for Iii tho pertod In wn￿1) Iho Group is entitled to receipt. Stocks SIoLks are induded at the lowér of cost and net reabthle value. Taxatlon The Associilion ha8 r.IiaritaUe slalus Is re0lsler￿ wilh the Charity Commisslor> and therefora exernpt ffom paying Coi"poration Tax on chafilable activitie5. Value Added Ta Iwecoveiabl8 VAT which can be attributed lo a capltal Item Dr BxpenLtilure is 8ddad to thp enst of the czpital itg.m or expenses wii¢re practl¢oble and niatsiyl. Employ8e Bonefits The cost5 01.%hort-18rin employee benefits are recognised as a li3biliÉy and an expense. Th& besl estiinat¢ ol the expendilure requlnxl to setu8 an obligation tor terminatKJn benelits 19 r￿QgnISed iminedlalely exper)se whEll the Gonipany is dwn01￿l[ab￿ c￿nn)1tted to lemiin&l8 the ernploymw)t of an ernpky2e or lo providetemiSnation ben8fits. Government Gran1$ Governrnenl grants Include gt¥ils re-eiwdble frorn Homes England. local aiithoiitks and othor overnrnanl b)di8S. Govoriiment gtall15 are wognld at Ihe fstr value of Ihe asset recefvèd or r8ceivable when there is reasonabte assurance Ihit Ihe 9rBnt con(Jillons IWII ￿ Met. and the granL% will ba reGBVgd. GovernrTr)enl gitifiis rEiceived for housing propGrllp.s ¥rR recogiiised in income over the useful e￿nomi￿ litLS of thc 51ruclure of the asset aTrd: whe.re 3pplicable: the Iiilivldlial cumportents ol the strLt¢ture lexGludin9 kndl undar tlie ace.ruals rnodel, Gnvwninonl grants relating lo reveniie ufe recognised as Incorne over Ihe perfods vtheii the rekied costs are incurred on¢e roè]Èoiiable 8SsuranGè ha5 b88n 98ill8d tlial the Company wlll cnmply ivith Ihe c(xidiUons and the fLind5 IF￿11 be recerqed.

Page 34 LEICESTER YOUNfj MEN'S CHRISTk4N ASSOCIATION IINCORFQRAYEDI ITH NOTES TO THE FINANCIAL STATEtIEENTS (trDnttriLIL YEAk ENDED 31 MARCH 2021 PRINGIPAL ACCOUNTING POUCES [C0nbThi￿￿J othor G(anis Grwits T8¢dve¢ fr￿Tr non-goveinrnenl SQLif￿5 ¥r& rocogiilsed uslng the perforinancg modd. Grants aTe Tectsonised income when thè aSs0￿￿tE￿ porformaiice con(litioiis alp. niet Leas￿ As$¢tS Rerjtals Payab￿ linder operatiryJ 18ase5 are (BrgvJ ID the Incorr)e armj Expendltiire Account on a straighl line basls over Ihe12ase Eerffl. PensTon Costs Dennpd beii&fll plans The Company participated in 2 niuIti-8fflploycr dL)flned teiiefil plan lor einployees nf vf4ACA5 in England, Scotland and W8les which SWd5 cthed lo now rnernbers &)d on 3r) April 2007. Due to insuflicienl infnrrnatson, Ehe plan's aGl￿arY Iiys 8dvk%ecl Iliat it bs iiol possible ta separ3tely entify the a%sets kabilith"e5 rdating lo Lek'eslei Young Men's Chri6tlaii Associallon. As Cle￿nbed In note18 Leice5ker Young Men's Glirlslian Asso(latlon h9$ a r.onlraciLial obIVJ8t￿n lo make pensi￿ dp.ficjt paymen15 1)f £4S.648 PEE over Ilie perlo(J to April 2V29, aC£￿rdIng[Y this 15 Shown as a liab5111y Iii these aGGOUnts. In addiliun, Leloester Youiiq Men"s Chrfsi53n Assoc¢8tion L% reqiilr¢rJ lo contribute £1 1.040 to the operdlino expensgs of Ihe Pension Flan and IhesL' casts are charged to the Statement Of Compreheiiswe Inconie as made. gefin8d conlilbirtion i?lan.v The Group al%0 opeTat8s a defined Contribut￿ Fjension scheme for emrlcby8&s. The asset5 of the splieme are hald 5ep3rately froTn Ihose ()f the Groiip. The aDnu81 cr)nlribu'ions pay8ble sre charged lo the Inci)me and Expendiiuro ALevUlIt, Differences belYJ8en contrlbulbns payable in the y?2r and conlrlbutlons actudlly patd are shown as Rither 3ccru8k or piep8yffl8nts. Flnaiiciil Instruments Ib¢ Group has elecl8d to BPEAY the provL%bns ot bertlon 11 'Ba5ic Financlal In5trument¥' ariil Section f2 '0kher linancid Instr￿nient5 Issue¥ of FRS 102, Sn ￿11. lo all of ils financial inthrnenls. Flii3nGial a55els 8nd fSnaiieial1Sabililies are reeognised when lThe GroL1P bECOrnOS a party lo 11)e contractual provi510n5 of Ilie inslrurneiil ￿]￿ are offsel ￿nlY whén Ile Group LurreTrtly hds a 011y anfoiceable right to sel off tkie recogiiised amoiint% and inlend5 eilher to setue on ¥J nL4 Ikwi8. or rea115e the asset 8nd solULJ the liabi15ly simullaneously. Fin8ncial as3etS Dp.blo Debtors wt)kh ore rece1va￿e within year whkli not consllule a financing transK)n are In1￿81[Y measured al the tf8ns8Ction priG8. DLJbtors are siibsequpnuy IM¢asured al amc>rtls& cost, being the t￿n￿￿tIon pilce18ss any Aimouiils setiled and ai)y Imp￿1￿￿￿1 Ioss2E. Where 11)e arreNJement vAdi a debtor EDn&l'lutes a financii)g ITon88ctioii, 4Jèblor is inilAIIy and sutLseqiIentty measured al the pr5enl valve of futtire. payments discojnted al a markel rdte of Inlerest for a Sliv￿ar debt in5truneNt A provlsk)n for Impalrrrnent of deblDrs js. establlsl)ed when Ihere Is obl8cdv8 8wdenGe that the aniounl$ iiue will not collected scLor&lng lo 11)e OriqNial terms ol Ihe contract ImpairnEnt losses ale re¢pgni52d in income or QKpendi11lTe for the. pxcèss of lh8 twrying v31ua ol the trado ¢Ypbtor ovér the pr858nl valuo of the future cash Ilows dlscounlgd using thg orvJinEI Lffe¢llYe inlarèsl rata. SLibsequent revLif8dis ol an ImpainneDI loss Ih3t objectively rElate lo ¥veiil or.currlng 3fter the impairrnLinl luss recogni.8ed: ar8 recognised inimeclralaly in iiiG'ome or exp811dilure.

Page 35 LEICESTER YOUNG MEN'S CHRtSTIAN ASSOCIATION IINCORPORATEDI ITHEI NOIES TO THE FINANCIAL STATEMENTS (GoTrbnuudJ YEAR ENDED 31 f4sARCH 2021 PRINCIPAL ACCOUNTING POLICES fcontinir•dJ Flnancial Ik7bllili8s QLYlilO Credllor8 poyahle wilhin onts yLl•dr thcil do nvk GonstitiJle a financing tr8nsaclion are initially rnEasured al IhE tiany3ction price 3nd 5ubsequ8ntly rneasUl8d at aniortisEd cost. beiNg the tsansacltoil pfiGe lèss any amotsnts 5EIVed. Wnere th8 ariangernent with a GreditOT COn5ti1utes a fiiwcing tian5aclK)n. Uie creoitor Is inibally nd 3ub5equently me85ur8d at th8 pr4sent valu8 of future payments disco¢Ji)led 8t a market rat£ of intere51 for s Similar ifj5trLt.Thenl. DereGognit1￿) Df fI￿AnCial assels andl10h￿rfIe. A financial 3ssèI rs deTecOgn￿ed only when the rrjiilraclijal rlghts to cash IIow5 8xpSre. or are 3ellled, or substanlially 811 the risks and revJsrds of nlvnership are transferred lo anothe.r party, or if some 5rgniliGanl ri8k5 8nd rewards of uNller5hlp are rptne6 bill coiitrol of th8 asset hes tiai%ferr8d lo anoth￿ party th81 is able to sell the In Its Fjiilvely lo Ali unrel3ted third party. A fliiancial liab15ity lor part Iliewf) Is dwecognlsed wheii tho obligallon specilkd In Ihp contract dIScha￿ed, Call￿1[erI or axpir¢%. Provlslovs Piovi$lon$ 3re ¥e.r.ngntsed wheii the C7roup lias an obliqalion al Ihe repoiliiiq Qale as a resurt of a p?.4t eventivhl¢h11 is probable Y￿11 result in IhetransfeF Gl economlc benefits and Uialobllgalion can bv estlmalod iellably. Critical xcountlng •stlmat¢s and areas of Judgement .stiinates and judgeinents are continually evaluated aiid are IAsed on historical vxporionco and other faclors, irlcludlng expe0lalfv￿G offirtUTe events that are belleved lo te reas4J)abb under the circum%taiice6. Crrfical a¢oouiilAna estimgL Ètrs assiinlp1￿lls Tke Group niges eslirnates and as'sumptions concernlng the futurtx Tlie res￿1t1[19 acU￿nting ests"males and assiimplions will, by dL4finition. seldoni equtil Ine related actual results. The estim21es and assuinpllons Ilial li£we & s￿nIfiCant risk of causing a msjlorldl ¥djiistm2nl b the carrylrkg einounls of assets and Ilabilities wlthin the next flnandal year disLu5sEd bebN. Ponskni DolKII LIQb￿rtY In calciilEiliiw th& waluv ol the contracu81 liabl1￿Y {cktdilod in NutLI 181, 3 dk£cllLint rate of 3°A has been aprAied to the pa￿ll￿nIS du& In future years ITr order lo deteimlm Ilieir prpsEnt value. pccl¢d E6oiiomi6. U&wfiJl Lif&• of F￿￿£1￿￿11 The Liselul ownomic life ol fixed a5S815 Idetailed in Nc)le 111 is a key accounllng e5tSmate. Invoslnt<Jril PfUP¥rtt&S Tho valudlbon of thè investment pruportiB5 Id8lailod in N¢tD 121 ￿ fe￿eW8d 8nnuatly by the tloatd to ass￿ whvlhoi" d there 15 a diminEltion in Ihe crying value of the 35sets. The p8fGenlage of 'mixed usè, proyerlie5 ￿￿erned a5 'in￿stn7enI ptop2rty' wa5 C81Giilated basad on size of area as Por thè ccmpletcd Vciludlion 5urvoy by Illnes England.

Pagè 38 LEICESTER YOUNG MEN'8 CHRISTIAN ASSOCIATION (INCORPORATED) (THEI NOTES TO THE FINANICIAL STATEMENTS (￿titi￿lIe YEAR eNDÉD 31 MARCH 2021 GROUP TURNOVER AND OPERATING SURPLUSI(DEHCIT) Year to 31 Maroh 2021 Opvrating $urplug1 Idefi¢iti Qporating Costs Ttsrhover SrtSal Hoijsing Non Social blousing acbvities 2.228.900 (1.937.110) 1.445.704 (1,637,868) <192,IB41 Tot 3.674.604 13.574,97BI 99,626 Year to Jl March 2020 Operating gyrplusl ldeficitl Oporatlng costs Turnover 8(xiaS Housing Non Social Housing activities 2,068.486 {1:87LJ,2251 f 89.261 1,532,845 (1,64fj,6391 1108.784> Total 3.601.341 13,620.8641 80.477 Non-st¢ial houslng tumover inrludeg anioiints of £250.688 P020.' £01 teGelved un¢Jer tti Goveriirneiits Covld Job Relentlon Scl&ine and the busi17e5s r3le5 ietiel schomo.

LEICESTER YOUNG MEN'S CHRISTIAhl ASSOCIATION IINGORPORATEDI rrHEI NOTES TO THE FINANCIAL STATEMENTS (¢¢Mfln(pd? YEAR ENDED 31 MARCH 1024 TURNOVER, COST OFSALES, QPERATING eosTS AND OPERATING SURPLUS Parl*ulars of GroLif) iiKome and &XPEndibJre fioin social housing lp.ltsngs General Houslng 2021 Genoral Housin9 2020 TURNOVER FROM SOCIAL OUSING LErriNGS Rent r￿￿1Vable nel of voids Sorviy Gh¥rgas rO￿l¥3b 25,¥27 445,224 910,409 430.489 NIT RENTAL INCOME 1.371,151 1,840,898 Supporting pa0￿￿ CODlract In¢Drne Other rewiue gTanls Gr8tkl anKrtisatM) 428.830 170,379 258,740 408.219 5g,984 259.385 TURNOVE.R FROM.%ofiAL IOUSING L&l'fiNGS 2228.900 2,068,486 CXPE,NDITURE ON SOC.IAL klOUSINC) LEi fiNC.8 rirecl rnstq st8ffing AdminFslrallon Depretriabon and arn¢￿satiOn Dlalntr.iience ervlces SeNice charge eosls 6.487 984,929 63,05() 38,3211 22,311 48,427 424,¢J61 175.053 237.920 2 Jf,563 43,829 424,287 OPERATING COSTS ON SOCIAL HOUSING LETTINGS 11,93'7,110) 11,879,225) OPERATING SURPLUS ON 8OGIAL HDUSING LETTINGS 291. 190 189.261 Reiillosses on volds 41,1162

Pege 38 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION {INCORPORATEDI ITHE) NOTES TO THE FINANCIAL STATEMENTS {Garrt￿￿edJ YEAR ENDED 31 MARCH 2021 OPEIiATING IDEFICITIISURPLUS The oper8Ung surplus is staled after ch8rgingllcredilingl.. GroL4P 2024 202 Depredailon of housing properbes Depreclats"¢)n of other tsnglble Irxed a66eis Amortlsallon ol Intangible fixed asse15 AmOrt￿all0ll ol grants Auditor's remuneration (audit ser￿ces) Audlloi's rernuneratk)n Inon-audit workl Operallng lease rent215 Cost of stocks recognlsed a6 an expense 296,857 296,874 58,688 55.861 2.440 2.440 <258,740} 1259,3861 11500 17,865 1,000 1,1SO 59,073 27.909 g8 32.375 Expendlture on Supported Houging Letting ActlvStlo6 East Street 48 roorns12020.' 48 room5), Aylestone Centre 35 rooms12020.' 35 roomsl 20 Glenfield Road 5 room$12020. 6 r00Th51 Franthe Road Q room512020,' 0 rooms) 39 Glenfiold Road S rooms12020.. S roDm5} 332 Ayle3tone Road 6 rooms {2020.. 6 r00rn51 17 Portland Road S rooms12020'. 5 rooms} I￿rERE¥r RECEIVABLE AND SIMILAR INCOME Group 2021 2020 Inlgresl on bank deposlls Incom6 from Ilsted Investments 12,199 14.921 12.qgg 16,169

Payo 39 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION (INQORPORATED} ITHEI NOTES TO THE FINANCIAL STATEMENTS fwnliniJedJ YEAR ENDED 31 MARCH 2021 INTEREST PAYABLE AND SIMILAR CHARGES Group 2021 202ts YMCA pell51011 nolK)nql finance charge {Note 181 Int8r851 on bank loan 9,234 e.995 10,2A6 12,135 18,Tr.9 22,381 DIRECTORS. EMOLUMENTS Th& Dlrer.lots are defiiied as the rtlLirriker5 of the Bo¥rd, the Ghlef Execullve and otlier Senior x&¢ul￿e$. None of Ibe merrsbers of the Board recelved emolurrienls. Del&ik of the Chiet xer.utive's ollw sentor EXeCUJ￿5. en￿Vin￿ntS h respect of serv￿8 lo tlio Company are &8 follows.. 2021 2020 Basic salary Pen8ion Contr￿1 tiDns 248.801 12.790 218,467 2.51,294 2D21 2020 Numbèr of Diwtors a￿l￿1n￿ benelils in the PL*nsion sthenie Ernolumenls dL£closp.0 above Iiiolutle Ilie folloiifjng pBrd to the Ilgl)esl p8ld dlreclur. 2021 2020 Emdutnants fDr qualifying seDAces Pen5ioTh contrlbuffion 107,260 £5,598 107,3B5 6,751 'rhe Chief Fxecutwe is a membèr ofthe CoinpaThy'% pensioii scheme. He ￿. ari Drdinary meinber ol th8 peiisiork seheino arid no enlianced or speci?118img 1pplY. The Company dogs not rnake any filrther conlribulions tu an individual pp.nsion arrangemeiit for11)e ChiL¥f ExECUtive.

Page 40 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IINCORPORATEDI ITHE) NOTES TO THE FINANCIAL STATEMENTS (C.￿)lIn(￿ YEAR ENDED 31 PJL4RCH 2021 EMPLOYEE INFORMATION 2Q21 No. 2020 Average nurnbar of FWEons [InGluding part4'r[￿ ernpbyees aiid the Chlel ExecutPl8 t>ut excludes Casual SlalQ 61rtPWed duriiig frhe year Y9 r.ull lima aquw3',crit {40 hours FEr weekl 66 The Group also liolds a bank of casual slaff (se55ional> can be called oi) lo (xwer shoTI term unexpe¢led absences. During the year the Group had 18 o&%uat slaff oji ilfj bwks12Q2tr. IS). 2021 Stsff costs Ifortho abovè PgNJnsl WJuL5 8lld lanes SULKI ¥ccurily costs Olhor yEn*on costs 1,898,856 1 Jf5.031 43 051 1,760,241 144,005 40,587 2.D9fj,938 1.944,833 There wer8 two employBes whose inconie ex¢eeded tEiD.000 (2020." two) and one lèll wilhln tl £100.001- £110,OOQ brddiel durlng the yeai l?.020'. onp. in the £90.001- £100.000 bratrlc&ll. The tota] conipensation of L&mplDyees who are consldered lo ba the key tnanagginenl wsonnel ', th8 GroLlP wa5 £288.70312020'. F.279:4951. TheTe w8ra no expenses rL4-Iti1rt￿d by Eo?( Id members In 2021 or 2020. 10. INTANGIBLE FIXED ASSETS Group and Association Websiie Gosts Cost At l Aprll 2020 Addltions 12.204 At 3f March 2021 12.204 Amorti5atloi1 At l April 2020 Charge for the yaar 7,320 2,440 Al 31 March 2021 9,7GO W8t Book Valuo Al 31 March 2021 Al31 ￿k￿Y￿) 2020 4,884

Pau8 41 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION (INCORPORATED) ￿ HEI NOTES TO THE FINANCIAL 3TATEMENTS (conlA17uA4J YEAR ENDED 31 fdlARCH 202 11. TANGEBLE FIXED ASSETS GroLlP and Associatlon Soclal Houslng Propertie$ held for letting Cost At 1 April 2020 Properties acqiiifed Works to existing propertles DIsposL?Is- component ivrlto-off 7,462.4 23.840 Al 31 March 2021 7.486.284 Doprèclatfjon Al l April 2020 Ghaiue ltsr Ihe year ElirTiin8lod on dp5posals- coinwnent vKile-off 3.570.602 296.857 Al 31 March 2Wdl 3.867.4af9 Net Book Value At 31 Mar¢h 2021 3,618,82J Al 31 M3rGh 2020 3.891.842 In accordance wth th8 accouiiting policyi In¢luded wilhln Housiiig Piopwlios Ihi5tOFical c05ti, the Group and As50Giation have. c.3￿131￿￿e¢l in the year £23:84012¢J20.' £14.122} of exp2ndllure OD works to e￿sIng prop8rlkJs, No capital expend1ture has be￿) Includeil in tlie Incorne & Exp8ndilure Accounl1202U,' £nlll. Depreciation charge for th8 year 2021 Zozo Annual depreciatbn cha¥ge ACce￿ed éppredauon component w￿le off 296.857 296,627 247 296,857 296,874

Page 42 LEICESTER YOUNG MEN'S CHRISTIAN ASSOCIATION 15NCORPORATED) rrHEI NOTES ro THE FINANCIAL STATEMENTS [G￿lItI￿LIed) YEAR ENDED 31 MARCH 2021 11. TANGIBLE FIXED ASSETS (contlnuedj Gmup Freèhold Furnlture Land & fixtures & Bulldliigs Fitiings Llft TOTAL GOST Al l Apftl 2￿20 Addltlons 916.g14 607,939 48,223 299,936 1,7￿,789 48,?9.3 Al 31 March 2U21 91B.914 1,775,012 DEPRECIATIQN Al 1 April 2020 Ch2rge for the year Disp03BIs 751,481 19,482 359,75 27,2U6 279.207 12.000 1.390.￿￿3 58.688 At 31 Matrh 20?.1 770.063 386.961 291,207 1,449,131 NET BOOKVALUE Al March 2021 147,951 1b9,2U1 8.729 325,881 At 31 Maroh 2020 187.433 148,184 20.729 33fj.34fj AssoGÉatlon Freehold Fumltur# Land & Ftxture5 & 8uiWings Fittings Lift TOTAL COST At 1 April 2020 Additions D5SP05a15 918.914 49& 825 34.223 2￿.936 1,714:67S 34,223 Ai 31 Mgrcl) 20?1 918.914 530.04 299,936 1.748,898 DPPRECIAMON At 1 ApTiI 2020 C17arge fr>r the year Disposals 701,481 19,4V. 2'19,207 1,380.147 12,¢)00 Ai 31 MgJr¢h 2W21 170,g83 376.429 291,207 1,437,59q NET BOOKVALUE Al 31 Mareb 2()21 147,e51 154,619 fs.729 311,299 At al March 2020 167,433 146,3S6 20.729 324,528

Page 43 LEICESTER YOUNG MEN'S CHRISTIAN AS80CIATION IINCORPORATEDI (THEI NOTES TO THE FINANCIAL STATEMENT¥ {coiitlnuedJ YEIR ENDED 31 MARCH 2021 12. INVESTMENT PROPERTIES Group and Assoclation 2021 2020 A11Apr Increase in fair value 1.305,672 284,326 1,30b,672 Al 31 Mwch 1,b70.OOU 1.¥fr5.fi72. 85tmgnt ycperiie% we.rÉ> valued as al 31 March 2021 by lTrnes Ingland. I'lie valuatton of the group s properties was carried out lfi a0￿￿￿nCl with Ihe Royal Inslilule ol Pharlered Suiveyois I'Rlf.8"I Prof86sioI)al Stanrlards UK January 2014 and with parllc.ular reqard ￿ F1nan¢lai Fqpnoilliig Siandard 10?. the Social Housing Slaterngnl of Re¢omlMeno￿j PraC￿"c8. The increase in fair value of £264,328 lor Ihe invosttneiil propeibes as at 31 Merch 2021 was 8cc,epled by the Boaid of TrLfStees. 13. FIXED ASSET INVESTMENTS A$so¢iation Investi￿ont in $ub$idiary company The company own8 Ilie wholL) of th@ OTdinary shaTe capSlal (i OTdlnaTy share of £1) of Y Leisure l.Imlled. Tne compiE fty Is InoorpoiatEd in Gr881 Brltain and register￿ iii England and Wales £ihd has been establlslEd ta tsrry Dn trarfing actlvibès on the Association's beh￿[[. Ils reglslered DffiGe j* ¥el out on p39e I, Y Leisure Llmited op¥r8teB a bar for the use ot p8tTDDS of Asso¢Latlon al￿ iYLnibws of the publlc. The conipany will gÈll aid 8ny taxable profiis to Letestey YNCA. A sumrrldty vf its Icading resulls ￿ shov4n telow.. 2021 2020 PToflt and lo¥s ac¢ount Turnover Cost ol sale8 63.601 (s¢,g841 16.2271 Gros&110ssllprofil 10,227) 8.61Y AdmlniStratl¥e oxpanses 15,1021 (7.8651 ProllVILossl Dn ordinary acti￿71eS before. ar￿ after tsx ond flitained (11.829) 'Ib2 Capltal and resÈrvès 133.6771 {22,a481

Pag￿ LEICESTER YDUKG MENPS CHRISTIAN ASSOCIATION IINCORPOMATED) (THE) NOTES TO THE FINANCIAL STATEIIIENTS {0￿[￿11{1￿d) YEAR ENDED 31 PJIARCH 2021 13. FIXED ASSET INVESTmE￿rs {contlnii8dl 2021 2QZO Groiip and As50Glatlon other li1vests￿ent￿- listed at falr yalup At 1 April Additions Oisp05815 Reatised g8in on dispDsal Unreali5ed g8inlldEfiGiLI 382.278 101,305 1107,8791 7,700 fj0.861 44r?,722 161.1231 1,625 511,5911 Al 31 March 444.26% HistorirAI cost 37T,216 $82,092 14. STOCKS Group Association 2021 202 202D 2020 G(Kxlg kjr reS￿e fj,853 15. DEBfoRS Groiip 2021 As$o¢latlon 2021 2020 2020 14ou5ing debtors Other trade debtors d&bt provislon Dunl owed Ircrn 5ubsbYiary conipany oth.er d8biors 8e,438 23,369 (18.9401 86.421 83,e05 {IT,QSO) 98.4311 86,421 83,80b 117,ObOI {1 B,¢1401 36,139 1.506 350 2.264 350 Pr8paymenls & ac￿u0d Intioffte 41,757 41.'157 132.409 144.914 287.849 20J,029 23,232 Arnounls written uff Iioubing debtoiE in Ihe ypar afflounled lo £25:269 [202D.' PJ,7321.

Pagv 45 LEICESTRR YOUNG MEN'S CHRisfiAN ASSOCIATION IINCORPORATEUI ITHEI NOTES TO THE FINANCFAL STATEMENT5 r￿litIn119d) YEAR ENDED 31 MARCH 2021 16. GRFJJITORS Arnoullts falllng (+ue wlthln onts yèar Group A$so¢iatitsn 2021 2020 2021 2020 Trade CTgditors aiik loan T?xinn & Sociel Seourlty Accruals Deferred income Olher credltors eferred ¢apilal granl Isee note 17) 325.8tJO 30.930 40.318 70,903 IS5,305 151,576 31,8fj1 39,286 95,907 325,690 30,930 43.220 70.903 19J.305 150,418 31,861 37.4&3 95.907 6,6:X) 259,O¥A. 267,82A 269.002 927.776 838.108 92g.534 833, 17. CREDITORS Amounls falllng du? after ono yoar Group As$¢elatlon 2021 2020 2021 2D20 8ank103n Dgferrèd Gapital grant 322.037 2,354,022 352.904 2.611.493 d22,037 2.3E4,OJ2 352,904 2,fj11,493 2,67e,ofJ9 2.964.397 16Y6.0.fj9 ?.,964.397 The bank k)att S secured by a legal charge over 7 East Street Lefftstpr: LE16CY. GTgilP and Assoclation 2021 2D20 D+fèrrpd Gapitsl grant As aE 1 April mOrti￿110n 2,870,586 1258.740} 3,129,970 1?.59,3851 A5 at 21 March Le￿.. due1n less than one year 2.611.8d8 1257.8241 2.871?.5#5 (259,og2} DUÈ after morè Vwii year 2.354,022 2,61a.493 Group and A8soclallon 2021 2020 Bank Loan Amourtl& Idlllns dua in5talnients after niore ih&n live yers 119,810 218,900 R¢p¢]ymenl tErm5 being ITkonlhly Dver a 15-year lemi 8t an inler85t rate of 2.411% p.a 12020.. 1.￿¥0). term5 to be reviewed afler 10 yLl8f5 in febru3¥y 2026.

Page 46 LEJCESTER YOUNG MEN'S CHRISTIAN ASSOCIATION IIKCORPORATED) ffHEI NOTES TO THE FINANCiAL STATEMENTS (conbnu8d) YEAR ENDED 31 NtARCH 2021 18. PENSION PROVISION Grixip and AssoGiatk>n YMCA Ponslon 2021 2020 1 Awll 307.794 341,51 PaSd in the year 145,2901 {43,97',1 Ilnvilndlng of dlscounl INDte 71 Change In funding deficit arr￿)gements 31 M3rGh 9,234 10,24S 90,Jf79 362,317 3n7,YQ4 LDlccslor Yuuna Men's Chrlsli2n Association p3rtic4patod In a conmbutory pengon plan providing delinod beriefils on final pènsTrJnable pay for 8mployees of YMGAS In è'ng13nd. Swdalld Waleb. The assets ol the YMCA Pension Plan Jrc. IILild separately from Ihose of L￿CeSter Ywng M8n's Gliristiaii Association and EJI IhL y¥arnd Iliese w?re invested in Ihe Mer Dw)amic De-riskiiig Solution, 40% rnaiching poillolio arhd ￿ In the growlh pDrtlo1￿ and 8¢hrotier 1pro￿.rtY lili1￿ only). Tlie niosl recejil Goinpleled three y8sr valiiailon was as al 1 May 202D. The assLimptions us￿1 which have Ilie mogl qlgniiicanl effeGI cn Ihc results. ol the valiiallon 8r8 thc15e r81ating fD th@ assumeil ralos of retum on a55Dts held before and aller relirernenl Df 2.59% did 1.09% respectively, the increase in p8nsIDllb in paymeirt of ?..90Yo (hr RPI capped al Jf% p.a.l. end the averaqe Ilfe expactanGy fr￿￿ normal reliremenl a9e lof lor 3 cuwgnl pensionèr of 22.G years, f8male 24.4 ye2rs, 2nd 23.7 yLiars for a Inale ppnsrjnèr, female 26.% y8ars. retiring In 20 years, time. Thg rasull ol valLtalion showe(S Ihatthe ar,luaiial ¥alue of the a5S@tS Vfds f.146.1m, whleh repieseiiled 7g°/o of benefits thai had accw8d to mel￿￿eT5. Th8 Pen%icJn Plan ivs5 cIu5LvJ lo iiew niemb*n8 ancl futUTe 5er¥ice accrual vAtli effect 30 IKDrll 21)07. With the removal vf It￿ salary Iliikage for ben8fits all empioyod deferred member becaThg deferred rnembar5 ay frurn l May 2011. The valuation prepared al 1 Mey 2070 showpd th31 the YMCA PensEon FI￿7 liatl a def￿1t Df L76 rnillion. The As5oG￿liUn has beeii ￿1viSed tiial il ivill need to nak¥ Inoiilhly conlrlbulions of £3,8E17 from 1 May 2(r21. Thi% amount is based on the current actuarfal a8sumpllon6 las oiilSjDad abnvol aiid may vary in Ihc future as a r￿lIt ol 8GhJal perfoMaThGo tsl Ihe P8nslon Plan. I'he eurrenl recovery period is B yedrs ooirn)encing 1st DAay 2021. Ropayable Aftar mo tlian ono year Wlthln On8 year One to Two to two years five years After fiv8 yeH7% Total Asat 31 March 2021 45,?.90_ 45.29D 135868 135,869 31ra27 a62,317 31 March 2Q20 43 g71 In ￿dItIOn, LeLe61p.i Young M?n's Christian As60¢kqUon InAy h3ve over titne liabilities In Ili¢ eveiiLof the nOr).pay￿8nt by othèr parliGIFJ<iting ymc￿ of their share of tha YMCA pon￿on Plan's de￿¢￿t. 5t is nat P05slble currglluy lo qiiantify the sioten)al amounl Ihal Lelcesler Yoiing Men's Bhrislian Assaciation may be callcd Ljpon lo i?oy In Ihp fubjre. 43 971 131,911 157,941 . 263,823 307,794

)uo rJo oo ? r(0

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)rQ4-(YfQ4n I D Lt) S￿0 rf) fo tDOrf4) Inor) <fjoo l *0) L)C) 00£ I C J o(n c￿0 ?￿Z ozrLiL

PayD48 LEIGESTER YOUN(4 fyIEN'SCHRisYIAN ASSOCIATION (INWRPORATEDI ITHEI NOTES TO THE FINANCHL STATEMENTS (r(Jn￿￿￿￿.r4 YEAR ENDED 31 r4lARCH 2021 19. RESERVES.. rnovpmohts In the year (4.'onikidAd) TYan$ferg TIIL Irr]nsfvrfrorn reslActed iurtds ￿m￿nIng10£0-1.fj31tD non-hou5ing actsvitios gei)eral r&serv8 ts lu reflLicl a Thollonal rental plig192 br the vs8 ol premiE8S for the 8ctivf(SeJ wpptril by these restricted fundb. The Boè]rd memL)er6 have reviawd the d85ignaled al the ycar-vyd whlch are separate lo yLAnera rosèrves of the t3roup vlthiii the unrestricted fund5. AL￿￿diNg1y. 11)e approprlale transfers have been made lo ropr&sg111 Ihe decIs￿￿ In8d8 With rEspocI trj deglgnated lunds. RL4slrictcd reserves reLile lo rnonies [￿1ved, only lo 8xpensed a9ains1 Ili* &pc¢lflc proj￿1 th1c I rnonÈQS were InleiideAJ foi. Elelmv Is a brlef descrfplion of each rostrlcled re$er¥e', Y-support Prolert- L02al Aulhorlty grant for a day centre drop-bn sorvice for vu1118table. aiid StreL￿ homel&ss people. Iha Ralpli Ha18 resérvE WBS a donBlion lo Ilie projeci for equipment. Th& Ctskl Vvealher Café donation Is for the provision of hot meal& during the wlnler Inonlhs. The Now Opporluiiilies Foundation (NOFI oranlwas used forlhe Iidll tighllng which Is now cta6sed as investment property. Heritage Lollery-Qr?iil furding for a 3 ye3r project to L>ngagevulnerable arid disadvantaged young people to the And hetil8ge sector. Arts Coull¢ll Icultural Relief Fundl - COMD rollef yr6nl to ensure th81 the theatré carb re- open post national lockitown. Henry &>Mllh - Thls gr3nL furKJed the pog111011 uf a Complex NeefJs supwi1 worker lo work with the ynijng res￿ents. Paul Harnlyn Foundation - to dovelop a 'Youth Panel, to engage vith thè ￿10￿81 'Shinp proi8cl. L&lcp.8t8rshlre OPCG - tu dcvDk)p thnd ièsearch an e.ducallonal 5chèrne b combal kThife crlrnp. and gang violence. DCS {DBC Childrer Kn NeLndl - Grniyt lunditw for a projert to h81p disablgd young pwpl develop Indepand?nt livlrrfJ Sk￿$. Safe & soul￿ IHomele3s Llnkl pllot project ollpring accom1T￿￿#t￿n and additi(￿￿1 serv1￿ to highly Gompth and vuliierable youno lemaJe5. Ejlg Lottery IRegional Gomplex Needs}- Orai)I liirKllng loi-s ragioiial project (Shine) invefvlnu 6 other YMCAS 10 support Ilie needs of highly complèx Tesid£nls. CAPITAL COMMITMENTS Capitsl expenditur@ approved by the Roard nf Dliectys ainC￿nted to.. GroLIP 2021 As5Dclatlon 2021 2020 2020 Contracted 10,000 10,(10(J

Ppge 49 LEICESTER YOUNG MEMIS CHRISTIAN ASSOCIATION <IMCORPORAIEDI ITHEI NOTES TQ THE FINANCIAL STATEMENTS (¢onbnue Y&4R ENDED 31 NIARCH 2021 21. CONEMITMENTS UNDER OPERATING LEASES The otmltt)y I￿a80Y inGludea car fortha Childrpn's klome. Laundry 2quipni8nt far IhE.* A￿e$toNe s￿e aiid iiew pliutocopyirg al￿ priDliiig equlpinent a¢￿$ the multFsiled nrgani8allon. Ai 31 Ma￿h 2021 the totsl fll￿re commitrnenls ui)der non-cancellable operaling le.ases were as follows: Group ond Association Othey 2021 2020 wrthin we y8ar Withln 2 ED 5 years 77,693 2711.6P. 46,514 $0.26J IS4.385 2116,779 RECONGILIATION OF SURPLUS AFTER TAX TO NET CASH GENERATED FROM OPERATIONS 2021 2020 SurplL15101 the year Adjustnients for.. DepreGialion al tanglble fixed assets Arnuilisats"Dn of intangible f￿￿Al assets Gr {264,3?8} 198,871 17e,2S7 DELreas8 in stock5 DEGre3sellincreas81 h debLors ]￿L¥ease in credllot5 Inuea5&1(deGF£ase) iii provisions 603 14?,875 91,871 54,523 3,629 P13,ONJI 41,130 (33.7251 Cash generated from operatltsns 468,743 23. CASH AND CASH EQUIVALEwfs Group As50rialioii 2021 2020 2021 2020 Cash bnd cash equivalents I'epreseiil.. Cash at bank 1.022,406 G36,981 1,013,416 623.2'11

Page 60 LEICESTER YOUNG MEN'S CHRISTIAN ASSQCIATION INCORPORATED) ITHEI NOTES TO THE FINANCIAL STATEFAENT8 (¢onllniifi¢) YEAR ENDED31 MARCH 2021 24. ANALYSIS OF CHANGES IN NET DEBT Cash flow5 oth8r non<05h changeF At31 r4iar¢h At 1 Aprll 2D20 2021 Cash and cash oquivalonts Cash &3b,981 1.022,408 63CI.YB1 385,42 1.022,406 Borrowlnys Baiik loan Debt duE> viilhln 1 year 131.861} 03 130,930) DebÉ due altor l year IJ52,904) (J84. ISS) 30.867 (322,0371 31.798 Total 262,216 17.223 9,4:lY 25. RELATED PARTY TltANSACTiONS None noted.

Audit Report Encompassing the Management Letter, Systems Findings and Other Audit Matters

Prepared by: ____ Carrie Jensen ACA (Senior Statutory Auditor) Of Forrester Boyd

Contents

1.	Audit introduction and general comments ......................................................................................................................... 1
2.	Key audit areas ................................................................................................................................................................. 2
3.	Overview of the year ......................................................................................................................................................... 3
4.	Formal matters to be reported ........................................................................................................................................... 8
5.	Specific audit and control points ...................................................................................................................................... 10
6.	Surplus reconciliation and adjustments made ................................................................................................................. 12
7.	Unadjusted misstatements .............................................................................................................................................. 13

This document has been prepared for the sole use of The Leicester YMCA and must not be disclosed to any third party, or quoted or referred to, without our written consent. No responsibility is assumed to any other person in respect of this report and any persons reading it should make their own judgements and investigations.

1

1. Audit introduction and general comments

The audit was completed successfully and without any problems.

We found your team helpful and not evasive in any way, which allowed us to obtain information freely and easily.

It is also worth noting that our audit work is only conducted on a sample basis, so is unable to guarantee that all errors are found. As it is completed on a test basis, you may feel that certain areas, such as review of specific controls, especially in connection with wages, tax and VAT obtain a further review.

2

2. Key audit areas

Key Audit Areas	Our Approach
Income recognition	Review the controls over how rent income is received and entered into the accounting system. Agree material amounts of contract and grant income to source documentation Agree dividend income to investment manager reports.
Completeness and accuracy of payroll	As payroll is a key cost in the accounts a proof in total will be completed, agreeing the wages per the payroll provider back to the accounts. We will also test controls surrounding authorisation of payroll and ensure deductions surrounding PAYE and NI are made correctly. We also agree salaries of individuals to HR records to ensure they are being paid at the correct rates.
Investments	As investments are the largest balance sheet item, this figure will be agreed to Brewin Dolphin reports.
Statement of Financial Activities and fund allocations	We will review the major classification of income and expenditure to confirm they are consistent with expectations and to consider whether explanations are reasonable. We will review the allocation of funds in the statement of financial activities and ensure that this appears appropriate and in line with our expectations.

3

3. Overview of the year Income

Turnover

2021 2020 £ £ 3,674,604 3,601,341

Total income excluding investments has increased in the year by 2%.

Income from Social Housing Lettings

Rent receivable net of voids Service charges receivable Supporting People grant Other revenue grants Grant amortisation	2021 £ 925,927 445,224 428,630 170,379 258,740 2,228,900	2020 £ 910,409 430,489 408,219 59,984 259,385 2,068,486

Housing income has increased slightly this year owing largely to the increase in the rate available per room but also increased occupancy rates during Covid-19. These income steams have been proven in total, by reviewing contracts, and by matching rent charges against occupancy rates.

The above rent receivables does not include income for Y Home, which can be seen in non-social housing activities below

The average occupancy rates across all of the social housing sites during the year were around 97%.

4

Income from Non Social Housing Activities:

Y Home income Donations and fundraising Project and grant income Leicester City FC pitch hire Other rental income Theatre programme income Big issue Other income Y Leisure Investment return	2021 £ 476,159 103,703 534,351 55,313 79,228 952 79 195,919 - - 1,445,704	2020 £ 348,256 64,438 608,154 55,313 116,655 104,369 44,424 37,091 63,601 90,554
		1,532,855

Y Home income has increased this year due to young people staying with the organisation for longer during Covid-19.

The biggest contribution to the increase in donations relates to £25k received from a former trustees estate. £6.5k has also been received from the High Cross Centre. The remaining increase can be attributed to the organisation adapting during Covid-19 and holding electronic campaigns.

Project and grant income has decreased this year due to £103k relating to the Big Lottery grant having to be derecognised as this had previously been over allocated during the life of the grant. Despite Covid the organisation has continued to be able to deliver it’s services.

Leicester City FC pitch hire has been received in line with rental agreements.

Shop rental income is as expected with 171 Granby Street having no tenant and 167 Granby Street only being occupied for 9 months in the year. Other hire income has fallen due to the pandemic.

Theatre programme income has significantly reduced due to the theatre not opening because of the Covid-19 pandemic.

Big issue income has significantly reduced due to sellers not being able to purchase the magazines from the organisation reception area because of social distancing measures.

5

Other income increases relate to CJRS claims and Arts Council Cultural Relief funding.

Y Leisure Ltd has been unable to trade this year and has therefore not generated any income.

The investment return relates to the dissolution of the joint venture in July 2019.

Expenditure

Wages costs this year have increased by 7.8% to £2,096,938 (2020: £1,944,833), which makes up 59% (2020: 55%) of all expenditure. Average pay per FTE has risen by 7.87% to £28,771 (2020: 26,670) which can be attributed to the amount of additional hours which have had to be worked by contracted and sessional staff to cover isolating staff.

A proof in total between the accounts and the payroll records has been completed, and no issues were raised.

The other expenditure is much smaller in nature. Detailed below is the expenditure over £25k and those with movement which we feel is worthy of note:

	2021	2020
	£	£
Repairs and maintenance	101,800	128,165
Theatre programme expenditure	6,364	51,409
Heating & lighting	64,683	72,337
IT costs	47,793	41,970
Stationary	51,834	37,687
Legal & professional	35,034	33,402
Project costs	526,324	451,153

Looking at the major movements we can make the following comments:

• Repairs and maintenance have fallen due to clients staying with the organisation longer than they normally would due to the ongoing pandemic. This has meant the maintenance team have been unable to gain access to client rooms and carry out any needed works.

• Theatre programme expenditure has fallen in line with income. This again relates to the Covid-19 pandemic with costs reducing due to the theatre not being able to open.

6

• Heating and lighting can vary each year dependant on the client usage. It is also worth noting that East Street has a combined power and heat unit which recycles heat to generate electricity. These units do however break down quite often and it is not always feasible to have them immediately repaired. The last repair took place at the start of 2020/21 and therefore savings were made during the first part of the year. As the theatre has also not been operating, savings have been made from the lighting note being used.

• IT costs have remained fairly consistent and mainly relate to the support service received. There has been a slight inflationary rise but also additional costs have been incurred in order for the organisation to run digital campaigns.

• Stationary cost increased can be attributed to higher photocopying usage during the pandemic and higher costs per copy. It is hoped that the price per print can be renegotiated in 2022.

• Legal and professional fees have remained consistent this year and include one off works for an asbestos survey at circa £5k, a survey on the theatre at circa £5k and a £6k share of the VAT tribunal legal costs.

• Despite Covid-19 it is pleasing to see the organisation has been adaptive and still been able to carry out projects to its service users.

Balance Sheet

Intangible fixed assets (note 10) £2,444 (2020: £4,884)

The intangible fixed assets relate to capitalised website costs which are being amortised over 5 years.

Tangible fixed assets (note 11) £3,944,706 (2020: £4,228,188)

The main reason for the decrease in fixed assets is due to depreciation outweighing the additions. Additions in the year include further remodelling and fixtures for the social housing properties totalling £24k, Wifi hardware and installation costing £17k, a lighting desk of £6k, ticket scanners totalling £3k and an Ipad sign in application costing £2k.

Investment properties (note 12) £1,570,000 (2020: £1,305,672)

Investment properties have been revalued in the year by Innes England which has resulted in an increase in fair value of £264,328.

Investments (note 13) £444,265 (2020: £382,278)

There has been a increase in investments due to a gain in market value at the year-end of £69k. This is mainly due to securities recovering following the global Covid-19 pandemic, which occurred in tandem with the 2020 year-end.

7

Stock (note 14) £1,050 (2020: £1,653)

Stock relates to the theatre bar stock held at the year end. The valuation is in line with expectations as the bar had not operated throughout 2020/21.

Debtors (note 15) £144,974 (2020: £287,849)

Debtors are made up of trade debtors and prepaid expenditure. The main reason for the decrease relates to prepaid expenditure reducing by £90k. Of this movement £65k relates to photocopying costs. Debtors due from commercial customers have also reduced by £61k which is in line with expectations as hire facilities and the theatre have not been fully operational during the year due to Covid-19.

Cash at bank and in hand (note 23) £1,022,406 (2020: £636,981)

Cash funds have grown with the surplus generated, however this can fluctuate depending on the working capital position. As noted below amounts owed to suppliers are £175k higher this year, which has increased the cash position further.

Creditors due within one year (note 16) £927,776 (2020: £838,106)

Creditors due in one year include trade creditors, accrued costs, the tax owed in relation to your payroll and other creditors. These figures have been confirmed to back up information and do not indicate there are any material errors. The increase mainly relates to a £175k rise in amounts owed to suppliers at the year end. This can fluctuate each year depending on what works are being carried out around the year-end.

We have also completed cut off work to ensure that all creditors are included in the accounts and no material problems have been encountered.

Creditors due over one year (note 17) £2,676,059 (2020: £2,964,397)

This balance relates to the bank loan of £322k and deferred capital grants. Amounts are released equally over the life of the assets to which the capital grants relate.

Pension liability (note 18) £362,317 (2020: £307,794)

This balance represents the amount due in relation to pension deficit payments for the YMCA multi-employer defined benefit scheme.

8

4. Formal matters to be reported

In accordance with our normal practice we are writing to draw your attention to various matters which arose during the course of our audit of the charity accounts for the period ended 31[st] March 2021.

a) Expected modifications to the auditors' report

There are no expected modifications to the auditors' report.

b) Unadjusted misstatements

A schedule is included at section 8 of all the unadjusted misstatements determined during the course of our audit, except for those considered to be clearly trifling. As confirmed in your letter of representation to us, you believe that these adjustments are not material and therefore no amendments to the financial statements are required.

You have confirmed in the Letter of Representation that any amounts below £2,000 are trivial and do not need reporting to you.

• c) Material weaknesses in the accounting and internal control systems

As you are aware from our letter of engagement, our audit procedures were directed towards testing the accounting systems in operation upon which we have based our assessment of the accounts.

Section 6 of this report includes specific audit points and also contains details of actual and potential weaknesses identified during the course of our audit and our recommendations for improvements. It is not meant to be a full and accurate reflection of all weaknesses that may be present in your system.

In making our recommendations, we have considered the size of the charity and the number of staff you employ. We shall be glad if you will let us know what steps have been taken in connection with the above.

• d) Qualitative aspects of the entity's accounting practices and financial reporting

We have no comments to make concerning the qualitative aspects of the charity’s accounting practices and financial reporting.

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e) Identification of Fraud

We are pleased to report that our audit has not found any instances of fraud.

f) Compliance with key laws and regulations

Our audit is required to consider and assess the charity’s compliance with central laws and regulations, and consider the existence of breaches that could lead to a fundamental event, such as excessive fines that have a material impact on the financial statements, that threaten the going concern status of the entity, or legislation that could lead to the forced closure of operations.

Our work has not identified any instances of material breach, and the charity appears to have devoted sufficient resources, experience, skills and training to all key regulatory aspects of its affairs.

We are happy to offer any assistance necessary to ensure that this is the case.

g) Other information connected with the financial statements

Auditors are required to read any other information issued with audited financial statements, such as an annual review, web site announcement or trustees’ report, and determine if such reports are materially consistent with the financial statements or our knowledge obtained in the audit, or otherwise appear to be materially misstated.

You have chosen to make limited public comment on the financial statements, other than by way of the trustees’ report and strategic report. We are pleased to report that the trustees’ reports and strategic report is consistent with the financial statements.

h) Other matters required by Auditing Standards to be communicated

There are no other formal matters to be reported to you and the other details included within the report are above and beyond our requirements to report.

i) Other relevant matters relating to the audit

There are no other matters which we wish to draw to your attention.

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5. Specific audit and control points

Following our recent audit visit, we have set out below the key observations of a systems and internal control nature that have arisen from the audit work undertaken.

The points are raised to assist the management team in strengthening and formalising the internal control environment, something which is essential and often overlooked in a small charity environment.

These issues raised are not intended as, nor should they be construed as, criticism of management or individual persons. They are intended to be of assistance in establishing an appropriate system of internal control.

Our audit focuses only on those aspects of internal control that are material to the production of accurate financial statements and safeguarding assets of the charity, and therefore is not exhaustive.

We only give consideration to peripheral areas if they directly support other systems of internal control or provide compensating controls to an area with potential weaknesses.

Where matters of efficiency come to our attention, we shall of course report these to you. However, the audit should not be relied upon to identify all matters of duplication or inefficiency in the allocation of responsibilities or the processing of transactions.

As for specific items identified on the audit, they are presented in the following grid.

Please also consider the key which assists in assessing the significance of any issue.

Key

Key concern - Action required immediately.

Moderate concern - Action believed to be required.

Minor concern - Action believed to be required, but not considered a significant issue.

No concern - Action not required but the suggested improvement should be considered.

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Points noted	Suggested improvement	Benefit of control	Action and comments by the charity, including timescale for action
There is currently no formal purchase order system in place.	We suggest purchase orders are raised and authorised prior to expenditure being committed to. These can then be matched off to invoices on receipt.	This will help reduce the risk of unauthorised expenditure and provide an audit trail of goods which were originally ordered and what has actually been received.	Duly noted. A 100% implementation of a purchase order authorisation system is not deemed practical or time efficient. Although it is recognised that a degree of implementation would be beneficial to reduce the risk of unauthorised expenditure. Management will review the required process by Dec. 2021.

Summary and conclusion

It is pleasing to report that our audit work has not identified any fundamental weaknesses in internal control systems, nor have we found any evidence of fraud.

We shall be pleased to discuss or advise on any of the above matters as required.

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6. Surplus reconciliation and adjustments made

We have not been required to make any adjustments to the financial statements.

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7. Unadjusted misstatements

Detailed below are the non-trivial misstatements found during the audit.

Impact on Impact on Surplus Balance sheet £ £

Potential audit adjustments from 2020

Recognition of DCS grant (7,910) Estimated holiday pay accrual 25,000 Purchase testing misstatement 5,494

Potential audit adjustments for 2021

Overstated rental income (11,620) (11,620) Overstated audit accrual 22,542 22,542 Estimated holiday pay accrual (68,268) (68,268) –––––– –––––– Net unadjusted misstatements (34,762) (57,346)

You have confirmed in your letter of representation to us that:

• a) £2,000 is deemed to be trivial and any adjustment under this amount does not need to be reported on b) The above items do not require adjustment, as they are individually and in total not material.