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
ref*lerJ 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 (GurifriiiK*d)
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 le*m 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 accL*SS 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 o*eolives 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￿ aw*8ness amongst staff &iid VFM principles withlri
busine55 operallons.
Procurement
crealloii. mainteiiance and promo￿0￿ of 4*01)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 sl*lemeiits 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
provi*ion of $pnrt. heallh and fitne55 facilit125 ID meinbers of L*e communlly
provi(le resldeiils with education, trainiro aTrd skllls lo se¢uie employmenl or Ihetr own
lenan¢les.
The Board of fruslL.ies has oomplled wllh se¢doii 17 ol thè Charlties AGI 2011, arbd in setting
progmfflme each yoar has hacl iegaril lo both the Lliarity ComrnSssion's general guidanog on publi
benefit Bnd provision of servl¢es for the Clleiil popiik2llr)n_ l-h8 Eloard of TrL15tees ￿V*SyS ensLEre¥ Ilial
e service5 pfL>Mdod are iii1iiie with Ihe c￿rItable objacts and Sims ol th& A55rriab"on.
Ihe 803rd fèals lh6 afoiemerblioned St￿lE￿iL Repoit ond princlpal actiwly Rupporttliis candusion.
AUDITOR
la ar£oTdanc8 Wlth the Compani85 Act 2000 ¥ re501Lilk)n proFK)sliig Ihe app)Inlment of FDfTestw Boyd
Chariered Accoiinlants ￿ AudilDr wlll b8 Put lo the m8tllbor$.

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 Ir8rwgeff*fil 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 Idenlil*d 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 ɢJUIVALENTS 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 C*aqh 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 l*dging 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 <repres8ntiro 8 dirninut￿n Iii Ilie woverable GeTvic.e potential of
the assel bebw its c.?rrying valLAe in lh& balance 5heoll dgprecialk)n, Cost incliKJes tl7P Cost
ol acquirlw land and buildings, developmant C05b and expeiidilure Iiicurre(t In Ilie réspecl of
improvemeiits.
rwelop1ME>nl cos15 of prcperli(x are ¢c*pllollsed 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$8t
Shortfalls between the carrying value ol fixed asse15 nel uf any associated Soclal Houslng
Grant and their recovp.rable amounts, b?ing tliv higlier of fair value less costs Ir) 8RII and valu8-
In-iFse of th8 asset based on its Se￿￿9 potenlial, are reeognlsed as Impalrment kkq*s in Ihe
I￿￿￿e and Exp8nditsEIR Account.
Recognised impairmallt105885 are revorsod if. and Mly If, the r8aEonB for Ihe irnpaimienl10sS
hAve c.eased to apply. R&versJs uf Irripalm)enl lo$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$linenl wtfriilial. lo (l@pr8ciate Ih8ni wrould not Iiue aiid f&K view.
If th￿ dEparlure froTn the Comp8niÉs Act 2006 Iiad nol been Inade in order lo giv& a trLie and falr
vw. Ihe profit for the financial year woiild have been rediic@d by doprts¢lalion. H¢JtheveT, the
amourtt of dopreck41ion C￿n￿0t reasonably be quanufied because dopretstalion is only one of
many f￿GtOrS refteGt8d in the annu31 Val￿tI￿r) atKI the £￿0[1￿1 relthllrw tv tho deprcciatioTh of the
Pft)PQfly csnnot be s8paralely rdenufsed.
Investmerstg and Investinènt In¢otn
Invua51ments are Garried 8t fail value. Changes hi f8k v￿ue are incliidwd in IhD lllGon* and
Expendilure Account.
Invaslment incorne ￿ accounlèd for Iii tho pertod In wn￿1) Iho Group is entitled to receipt.
Stocks
SIoLks are induded at the lowér of cost and net reabthle value.
Taxatlon
The Associilion ha8 r.IiaritaUe slalus Is re0lsler￿ wilh the Charity Commisslor> and
therefora exernpt ffom paying Coi"poration Tax on chafilable activitie5.
Value Added Ta
Iwecoveiabl8 VAT which can be attributed lo a capltal Item Dr BxpenLtilure is 8ddad to thp enst of
the czpital itg.m or expenses wii¢re practl¢oble and niatsiyl.
Employ8e Bonefits
The cost5 01.%hort-18rin employee benefits are recognised as a li3biliÉy and an expense.
Th& besl estiinat¢ ol the expendilure requlnxl to setu8 an obligation tor terminatKJn benelits 19
r￿QgnISed iminedlalely exper)se whEll the Gonipany is dwn01￿l[ab￿ c￿nn)1tted to
lemiin&l8 the ernploymw)t of an ernpk*y2e or lo providetemiSnation ben8fits.
Government Gran1$
Governrnenl grants Include gt¥ils re-eiwdble frorn Homes England. local aiithoiitks and othor
overnrnanl b)di8S.
Govoriiment gtall15 are wognl*d 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 trans*K)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 pr*5enl 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 rpt*ne6 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 nig*es 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 contrac*u81 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 c*rying 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$so¢iatitsn
2021
2020
2021
2020
Trade CTgditors
aiik loan
T?x*inn & Sociel Seourlty
Accruals
Deferred income
Olher credltors
eferred ¢apilal granl Isee note 17)
325.8tJO
30.930
40.318
70,903
IS5,305
151,576
31,8fj1
39,286
95,907
325,690
30,930
43.220
70.903
19J.305
150,418
31,861
37.4&3
95.907
6,6:X)
259,O¥A.
267,82A
269.002
927.776
838.108
92g.534
833,
17. CREDITORS Amounls falllng du? after ono yoar
Group
As$¢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
ye*rs
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¥ar*nd 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
#%yin
)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<JNI 3mort1531ioii
Interest and thvrdends receivable
Inlere5É p3yabl
AcG8lerated depre¢KAlb
Fail value {g8in}Idefi¢Q oii Iiiveslments
Fair valu& 1gainlldefic.it on Iiivesiment properU&s
Operating cash flow b8fcre Inoveinenls In iyoiking capital
426,485
16,299
2.440
12 Jfg.38Jl
{16,1691
22,361
247
12511,740)
112.1991
18,229
{6tS,561>
{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
ref*lerJ 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 (GurifriiiK*d)
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 le*m 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 accL*SS 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 o*eolives 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￿ aw*8ness amongst staff &iid VFM principles withlri
busine55 operallons.
Procurement
crealloii. mainteiiance and promo￿0￿ of 4*01)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 sl*lemeiits 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
provi*ion of $pnrt. heallh and fitne55 facilit125 ID meinbers of L*e communlly
provi(le resldeiils with education, trainiro aTrd skllls lo se¢uie employmenl or Ihetr own
lenan¢les.
The Board of fruslL.ies has oomplled wllh se¢doii 17 ol thè Charlties AGI 2011, arbd in setting
progmfflme each yoar has hacl iegaril lo both the Lliarity ComrnSssion's general guidanog on publi
benefit Bnd provision of servl¢es for the Clleiil popiik2llr)n_ l-h8 Eloard of TrL15tees ￿V*SyS ensLEre¥ Ilial
e service5 pfL>Mdod are iii1iiie with Ihe c￿rItable objacts and Sims ol th& A55rriab"on.
Ihe 803rd fèals lh6 afoiemerblioned St￿lE￿iL Repoit ond princlpal actiwly Rupporttliis candusion.
AUDITOR
la ar£oTdanc8 Wlth the Compani85 Act 2000 ¥ re501Lilk)n proFK)sliig Ihe app)Inlment of FDfTestw Boyd
Chariered Accoiinlants ￿ AudilDr wlll b8 Put lo the m8tllbor$.

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 Ir8rwgeff*fil 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 Idenlil*d 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 ɢJUIVALENTS 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 C*aqh 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 l*dging 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 <repres8ntiro 8 dirninut￿n Iii Ilie woverable GeTvic.e potential of
the assel bebw its c.?rrying valLAe in lh& balance 5heoll dgprecialk)n, Cost incliKJes tl7P Cost
ol acquirlw land and buildings, developmant C05b and expeiidilure Iiicurre(t In Ilie réspecl of
improvemeiits.
rwelop1ME>nl cos15 of prcperli(x are ¢c*pllollsed 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$8t
Shortfalls between the carrying value ol fixed asse15 nel uf any associated Soclal Houslng
Grant and their recovp.rable amounts, b?ing tliv higlier of fair value less costs Ir) 8RII and valu8-
In-iFse of th8 asset based on its Se￿￿9 potenlial, are reeognlsed as Impalrment kkq*s in Ihe
I￿￿￿e and Exp8nditsEIR Account.
Recognised impairmallt105885 are revorsod if. and Mly If, the r8aEonB for Ihe irnpaimienl10sS
hAve c.eased to apply. R&versJs uf Irripalm)enl lo$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$linenl wtfriilial. lo (l@pr8ciate Ih8ni wrould not Iiue aiid f&K view.
If th￿ dEparlure froTn the Comp8niÉs Act 2006 Iiad nol been Inade in order lo giv& a trLie and falr
vw. Ihe profit for the financial year woiild have been rediic@d by doprts¢lalion. H¢JtheveT, the
amourtt of dopreck41ion C￿n￿0t reasonably be quanufied because dopretstalion is only one of
many f￿GtOrS refteGt8d in the annu31 Val￿tI￿r) atKI the £￿0[1￿1 relthllrw tv tho deprcciatioTh of the
Pft)PQfly csnnot be s8paralely rdenufsed.
Investmerstg and Investinènt In¢otn
Invua51ments are Garried 8t fail value. Changes hi f8k v￿ue are incliidwd in IhD lllGon* and
Expendilure Account.
Invaslment incorne ￿ accounlèd for Iii tho pertod In wn￿1) Iho Group is entitled to receipt.
Stocks
SIoLks are induded at the lowér of cost and net reabthle value.
Taxatlon
The Associilion ha8 r.IiaritaUe slalus Is re0lsler￿ wilh the Charity Commisslor> and
therefora exernpt ffom paying Coi"poration Tax on chafilable activitie5.
Value Added Ta
Iwecoveiabl8 VAT which can be attributed lo a capltal Item Dr BxpenLtilure is 8ddad to thp enst of
the czpital itg.m or expenses wii¢re practl¢oble and niatsiyl.
Employ8e Bonefits
The cost5 01.%hort-18rin employee benefits are recognised as a li3biliÉy and an expense.
Th& besl estiinat¢ ol the expendilure requlnxl to setu8 an obligation tor terminatKJn benelits 19
r￿QgnISed iminedlalely exper)se whEll the Gonipany is dwn01￿l[ab￿ c￿nn)1tted to
lemiin&l8 the ernploymw)t of an ernpk*y2e or lo providetemiSnation ben8fits.
Government Gran1$
Governrnenl grants Include gt¥ils re-eiwdble frorn Homes England. local aiithoiitks and othor
overnrnanl b)di8S.
Govoriiment gtall15 are wognl*d 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 trans*K)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 pr*5enl 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 rpt*ne6 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 nig*es 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 contrac*u81 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 c*rying 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$so¢iatitsn
2021
2020
2021
2020
Trade CTgditors
aiik loan
T?x*inn & Sociel Seourlty
Accruals
Deferred income
Olher credltors
eferred ¢apilal granl Isee note 17)
325.8tJO
30.930
40.318
70,903
IS5,305
151,576
31,8fj1
39,286
95,907
325,690
30,930
43.220
70.903
19J.305
150,418
31,861
37.4&3
95.907
6,6:X)
259,O¥A.
267,82A
269.002
927.776
838.108
92g.534
833,
17. CREDITORS Amounls falllng du? after ono yoar
Group
As$¢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
ye*rs
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¥ar*nd 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
#%yin
)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<JNI 3mort1531ioii
Interest and thvrdends receivable
Inlere5É p3yabl
AcG8lerated depre¢KAlb
Fail value {g8in}Idefi¢Q oii Iiiveslments
Fair valu& 1gainlldefic.it on Iiivesiment properU&s
Operating cash flow b8fcre Inoveinenls In iyoiking capital
426,485
16,299
2.440
12 Jfg.38Jl
{16,1691
22,361
247
12511,740)
112.1991
18,229
{6tS,561>
{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.<br>Agree material amounts of contract and grant income to source documentation<br>Agree dividend income to investment manager reports.|
|Completeness and accuracy of<br>payroll|As payroll is a key cost in the accounts a proof in total will be completed, agreeing the wages per the<br>payroll provider back to the accounts. We will also test controls surrounding authorisation of payroll<br>and ensure deductions surrounding PAYE and NI are made correctly.<br>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<br>reports.|
|Statement of Financial Activities<br>and fund allocations|We will review the major classification of income and expenditure to confirm they are consistent with<br>expectations and to consider whether explanations are reasonable.<br>We will review the allocation of funds in the statement of financial activities and ensure that this<br>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<br>Service charges receivable<br>Supporting People grant<br>Other revenue grants<br>Grant amortisation|**2021**<br>**£**<br>925,927<br> <br>445,224<br>428,630<br>170,379<br>258,740<br> <br>2,228,900<br>|**2020**<br>**£**<br>910,409<br>430,489<br>408,219<br>59,984<br> 259,385<br>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<br>Donations and fundraising<br>Project and grant income<br>Leicester City FC pitch hire<br>Other rental income<br>Theatre programme income<br>Big issue<br>Other income<br>Y Leisure<br>Investment return<br>|**2021**<br>**£**<br>476,159<br>103,703<br>534,351<br>55,313<br>79,228<br>952<br>79<br>195,919<br>-<br>  -<br> <br>1,445,704<br>|**2020**<br>**£**<br>348,256<br>64,438<br>608,154<br>55,313<br>116,655<br>104,369<br>44,424<br>37,091<br>63,601<br> 90,554|
|---|---|---|
|||<br>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<br>charity, including timescale for<br>action|
|---|---|---|---|
|There is currently no formal<br>purchase order system in place.|We suggest purchase orders are<br>raised and authorised prior to<br>expenditure being committed to.<br>These can then be matched off<br>to invoices on receipt.|This will help reduce the risk of<br>unauthorised<br>expenditure<br>and<br>provide an audit trail of goods<br>which were originally ordered and<br>what has actually been received.|Duly<br>noted.<br>A<br>100%<br>implementation of a purchase<br>order authorisation system is not<br>deemed<br>practical<br>or<br>time<br>efficient.<br>Although<br>it<br>is<br>recognised that a degree of<br>implementation<br>would<br>be<br>beneficial to reduce the risk of<br>unauthorised<br>expenditure.<br>Management will review the<br>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.