YMCA WHtrE ROSE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2023 Company Registratlon No. 00088583 {England and Wales) Charity Regislration No. 243410 "ACFILRYH• 27110r2023 COMPANIES HOUSE
YMCAWHITE ROSE LEGALAND ADMINISTRATIVE INFORMATION Truste8s MrJCthI MTS J L Hough Mr P Hough Mrs J E Jones Mrs E Mussett Revd Canon P Batchford Mr J R Buckley CharSty Dumb•r 243410 Company number Reglstered offic• My Ilace StAnns Road Rotherham South Yorkshire S65 1PH Indep¢nd¢nt •xamin•r Champion Ac(xxJntants LLP Unli 2 Olympic Court Whitehills Bu5ines5 Par BlackFM) Lancashire FY4 5GU
YMCA WHITE ROSE CONTENTS Page Trustees. repcyt Independent eXamineS reFQrt Statement of finanoal acbwlie5 Balano sheet Notes to the financial statements 7-18
YMCA WHITE ROSE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The twstees present their annual report arKJ finar¥ial ststements for the year erKled 31 March 2023. The financi statements have been prepared in aw)rrlance 7thth Ihe accounting Fdicies set oui in note 1 to the financial ststemen15 and comply the Charity's Memorandum & Articles of A550ciation, the Cornpanies Acl 2006 and °Accounting and Reporting by Charities." Stalement of Recommended Practice applicable lo charitTres preparing their accounts in accordance with the Finanoal Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accountsng periols conmnencing from 1 January 2016) Objectives and actlvlties YMCA White Rose is part of a wodlfve Christian based movement. Our commitment is towards investing our skills and resources in the lives of young peOe so that they can beloThJ. contribute and thrive. Our aim is to enable young people and other members of thal communit*s to achieve their full phYsal. social. cultural and spiritual F¥)tential. We work all young people regard$5 ofgender, faith. ethnlty. ablity and sexualty. We aim lo Iransfofm people's lives by provNJing opporbjnities for inspiration. challenge and devekjpment. YMCA White Rose supports and develops ind]dUal$. th a focus on young people. By fulfilling thi$ vision we can change and enhance INes. YMCA White Rose works to enable young people to grow to their full potential by Providing a supportive and in¢lusive community Ihroush its various programmes an¢J servi. The ethos of YMCA Whtte Rose is based its ac¢¢ptsnce of the Paris Basis whi¢h requires th8 YMCA to promote.. l. A worldwK4e association based on the equal of all p8rsons. 11. Respect ancj freedom for all, a¢ceptsn¢e antj understsnding belween people of drfferent opinNJns. 111. Ath'vo concern for the neg(l$ of Ihe community. The ITuslees have paid due regard to guidan issued by ts Charity Commi8Ston in dechjing what activities the charity should undertake.
YMCA WHITE ROSE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achievements and performance The last year has been challenging fty the charity as a result of Ihe Covid 19 pandemic, energy $1$. inflationary pressures arKI employment market which conlinue to impact the YMCA YMCA R¢)th•rham Myplau Centr• Addressing the viability of Ihe Myplace Centre has been a key strategic objective for YMCA White Rose, changes lo the way people work and conb.nue lo meet ¢)nline greauy reduced the demand for daytime r¢)om hire coming out of the pandemic and the focus of our work over the last year has been on developing new longer temi partnerships to utilise the Centre in the daykn.me whilst being able to relain youth provision evenings and weekends. In September 2022 a new dayb.me tenant moved in meaning the building is now fully utilised during the dayts.me as a Specialist Cole for 1&25 year dds. The cent remains available lo the YMCA during evenings. weekends and holidays for Y w0visn. Youth and Communlty Programmes This year we delive 70 yOLrth work s8$5ions 186 session attendances. Ses$ion$ comprise¢Y of a range of outreach. detached and centre based youth provision for young people aged 11-18 in the Easlw(ycJ area of Rothertwn. The year has proved challenging for the delivery of youth and community programmes due to shortages of sultaY qualified and expernced youth workefs to Tun programmes safely. As a result we have had to pause delivery where we havenl had sufficient staff resource to be able to deliver high quality outcomes for young people. We have not been alone in this challenge as our partner agencies and Professional netrkS also ported ditficulties in recrLJitrnent across the youth sector bolh locally and nab'on811y. Now Ihal the Mya¢e Centre tyJsiness has been secJJred addressing the Staffing model is a key strategic objective for the YMCA moving foThvarts. YMCA Klmberworth Park Chartty Shop trading and donations have remained positive despite the current economic climate and have ¢)utperformed targets. Our charity shop is well estsblished an¢J continues to meel local needs in the community. meeting neetl$ through providirrfJ affordable clothing and homewar8s whilst promoting sustslnaIIty and rgwding. Plans for the future YMCA White Rose aims to: Continue lo develop our yDuth and conThinty programmes. ensuring that the YMCA Mission remains al the forefront of our work. Undertake a VIeW of the stsffThJ model including YcArth and Community Wot1(ers to faalitate the delivery of high quality youlh work. Develop new partnerships and opportunibes to further Ihe w(Kk of the YMCA. The Board re¢ognise the continued challenges as a result of the current economic climate. Work has been tsken forward to secure our asset base to aid with fLrture sustsinability. It is the Boards belief ihat due to the actions taken to secure the business model for Myplace, continued positive performance of the charity retsl shop along with il s financial reseNes, the Charity remains a going concem. Flnan¢lal revlew The results for the yoar show an overall deficit on actimties b9for8 pension scheme adjustm*nts amounting to £82,128 {2022 .' surplus £28.331}. This Comprises a defiut of £20.980 on unresthet8d funds and a deficit of £61.148 on restricted furKls. being due to historic ftind balances beirrfj utilised and depreciation charged on buildings that were grant lunded in prior yea. Total funds at 31 March 2023 amounted to a deficit of £573 on unrestricted, and a surplus £2.1,137 on restricted fijnds. The deficit on unresth"¢led funds arises as a result of long term pension liabilities and the charity is able to meet financial ob1vt5 on a day to day basis. The defiot has b8en addressed in the tuirent year as new sources of unrestricted income have been obtained. and the Iru5tees continue to develop incxsme streams further. It is the poticy of the charity that unstriCted fvnds which have not been designated for a specific use should be maintsined al a level equivalent lo beN¥een three rnthS salary. The trustees consider that reserves al this level will ensure that. in the event of a significant tlfop in funding. they wll be able lo continue the charity's current activities while consideration is given to ways in which a&Jrtional funds may be raised. This level of reserves has been maintsined Ihrough¢)ut the year.
YMCA WHITE ROSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The trustees have assesseo the maicff risks lo the tharity is exposed. and are satisfied that systems are in place lo miligale exposur8 to the major risks. Structure. goveman¢e and rnanagement The charity is a company limited by guarantee. The MpartY was established under a MemoraThJvm of Association which established the objects and powers of the chariiable company and is govemed under its Articles ofAssociation. In the event of the company being wound up. rr*mbers are required to ecffltribute an amount not exceeding £1. The trustees, who a also the directors for the purpose of company law. and wtho served during the year and up lo the date of signature of the finanaal stslemenls we= MrJCAbel Mrs J L Hough Mr P Hough Mrs J E Jones Mrs E Mussett Revd Canon P J BatchfdIsPpoin1ed 10 November 2021) Mr J R Buckley Any new trustees are InLted into the organisalion's constitijtion and receive details of its business plan and annual accounts. The charty h85 a service level agreement wth Fylde Coast YMCA to [Vide Central Supwt services. and with YMCA Bradford lo provmle Senior Management seNices. The trustees, port was approved by the Board ofTruslees. Mr P Hough Trustee Dat8d.' 23 October 2023
YMCA WHITE ROSE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YMCA WHITE ROSE I report to Ihe trustees on my examination of the financial statements of YMCA While Rose (the charity) for the year gnded 31 March 2023. Rosponslbllltl•s and basis of report As the trustees of the charity (and also rts directrrts fty the purposes of o)mpany law) you are responsible for the preparation of the finanoal statements actordance with the requirements of the Companies Act 2006 Ilhe 216 Acl}. Having satisfied myself that the financial statements of the charity are r1 required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial statements carried out under secb.on 145 of the Charities Act 2011 (the 2011 Act). In carying out my examination I have followed all the applicae DireclK)ns given by the Charity Commission under section 14515llb) ofthe 2011 Act. Independent exarnlnerfs statement I have ¢ompleled my examination. I ¢mi Ihat no matters have come to my ottentK)n in connecbon with the exomination giving me cause to believe that in any material respett-. accounting records were not kept in respect of the charity as required by section 386 of the 2008 Aet.. or the financial statements do not acrd with Ise records.. or the financial statements do not comply with the a(xxJunting requirernents of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considere(J as part of an independent examination.. or the finan¢ial stslemenls have not been prepared in a¢¢ordance the methods and principles of the Sralemenl ol Recommended Praclice for accounb"n9 and reporb"ThJ by charTlies appl*c8ble lo chanlies preparing their accounts in accordance the Finantsal Re"n9 Stsndard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of ihe financial statements to be reached. Champlon Accountants LLP Unit 2 aympic Court Whitehills Business Park 81ackpool Lancashire FY4 5GU
YMCA WHITE ROSE STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Restrictrd funds funds 2023 2023 Total Unr•$trictsd Restricted lund$ funds 2022 2022 Total 2023 2022 Nol•$ In¢¢me and ¢ndowmonts from: Donations and legacies Charitsble activib'es Other trading acliwlies Investments Other rnaterial income Other income 37.233 37.233 4.252 74.272 1.218 353 353 202.508 65.567 1,038 7.690 2,784 4.252 74.272 1.218 148.564 65.567 1.038 7.690 2.784 2.975 2.975 Total income 82.717 37.233 119,950 131.376 148.564 279,940 Charitsble activities 100.456 98,381 198,837 37,719 213.450 251,169 Net losses on investments 12 (3.241) (3.2411 14401 1440} N•t Ineomel{eXpend1r&j (20.9801 (61.1481 {82.128) 93.217 164.886) 28.331 Other recognis•d gains and lo$$¢s'. Actuarial losses on defined benefit pension schemes (14.739) {14.739) {38.4761 138.4761 Net movement in funds (35,719) {61.148) (96.867) $4.741 164,886) 110,145 R•conclllatlon of funds". Fund balantss at 1 April 2022 35.146 2,351,285 2.386.431 (19.5951 2.416.171 2.396,576 Fund balan¢•s at 31 March 2023 (573) 2,290.137 2,289.564 35,146 2.351,285 2.386,431 The statement of financial activ8$ indudes all gains and losses recc*3nised in the year. All incom8 and expendilure derive from continuing activkn"es.
YMCA WHITE ROSE BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Notes Fixed asuts Tangible assets Investments 15 14 2,252.904 51.93S 2.312.191 55.670 2.304.839 2,367,861 Current assets Debtors Cash al bank and in hand 16 15.024 181.457 12.687 247,925 196.481 260.612 Credltors: amounts falling due within one year 17 100.813 119,982 Nel current assets 95,668 140.630 Total assots ¢urrent Ilabllltles 2.4(bJ.507 2.508.491 Provlsl¢ns for Ilabllltles" {110.9431 1122.060} Nrt asse¢$ 2,289.564 2.386.431 The funds ofthe charity Restri¢ted in¢ome funds Unrestricted fund5 19 2.290.137 {573) 2,351.285 35,146 2.289.564 2,386,431 The company is entitled to the exernption from Ihe audit requirement o)ntained in section 477 of the Companies Act 2006, for the year ended 31 March 2023. The directors acknowledge their responsibilities for eomplyirwJ the requirnents of the Companies Act 2006 wrth repecI lo accounting records and the Preparatic of financial statements. The members have not required the company to oblain an audit of its ffinanci statements for the year in questlon In accordance with section 476. These financial slalemenls have been prepared in accordance with the wovisions applicable to companies subject lo the small MPanieS regime. The fin8nual slatements were approved by the trustees 23 October 2023 Mr P Hough Trustee Company registratson number Ch))88583 (EngIar and Wales)
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2023 Accounting poll¢les Charlty Infomiation YMCA White Rose is a private company limited by guarantee incorporated in England and Wales. The regISted office is My Place. St Anns Road. Rotherham. South yOshIre. S65 1 PH. 1.1 Accounting ¢onv¢ntion The financial slalemen15 have been prepared in avdance the Charit5 Memorandurn & Articles of Association. the Companies Act 2006 and 'AClUntsn9 and Reporh"ng by Charities: Statement of Recommended Prac1] applicable to charities preparing their aecounts in accordance with the Financial Reporting Standard apICable in Ihe UK and Republic of Ireland IFRS 102)" las amended for accounting periods commencing from 1 January 2016). The chity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Stslemenl of Cash Flows. The f1nancial ststements are prepared in $tedirrfJ. which is the functional currency of the charity. Monetsry amounts in these finanoal ststements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, rn¢xJrfied to include the revaluation of listed investments and Gertain finanLaal instruments al fair value. The principal accounting policies adopted are sel out below. The financial statements contsin information alrt YMCA Vlhite Rose as an indtvidual charity arKI do not Contsin consolidated ffinanrial information as the parent of 8 group. The charity has tsken the option under Section 398 of the C¢ynpaNes Act 2006 not to prepare consolidated financial stalements as a small group. 1.2 Golng concern At the time of approwng the fin8n¢ial ststements. the trustees have a asOnable expectation that the charity has adequate resources to continue Trn operabonal eStence for the foreseeable future. Thus the trustees contsnue to ad(pl Ihe going COnM basis of accounting in prepariThJ the knncial staternents. 1.3 Charitable fund5 Unreslricled funds wailable for use at the discTrb'on of the trustees in furtherance of their charitable objectives. Restricted funds are SUeCt to speafic conditions by donors or 9ranlors as lo how they may be used. The purposes and uses of the restricled funds are set out in the Th)te5 to the finawal slalemenls. Endowment funds ar• sU.8¢t to specific ¢ondib¢)ns by donors that the capital must be maintained by the charity. 1.4 In¢om• In¢ome is re3niSed when the charity is legalty entiued to it after any performance ¢orKlition8 have been met. tha amounts can be measured liaY. and rt ts probable Ihat in(xne will be re¢etV8d. Cash donations are recognised on receipt. l)ther donations are recogniwl orKe the charity has been notffied of the donats"on. unless perforniance conditions require deferral of the amount. Income tax recoverable in relab'on lo donations received under Gift A"d or deeds of covenant is recognised al the time of the donation. Legacies are recognised on receipt or otherwise rf the. charity has been notthed of an impen¢Jing distribution. the amount is known, and reclp1 is expected. If the amount is not known, the legacy is treated as a contingent asset.
YMCAWHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting poll¢i•$ (Continued) Assets for dtstribution a recognised onty when distributed. Assets given for use by the charity are recognised when receivable. Slocks of uThJislribuled donated gcKxls are not valued for balance Sheet purposes. Revenue grants are ¢redit8d as incoming resources vthen they are received, prowded conditions for receipt have been complied th, and unless Ihey rdate to a speufic future Per in which case they are deferred. 1.. S Expenditure Liabilities a re¢(NJnised as expenditure as soon as there is a legal or constructive obligatson commitb'ng the charity lo that expenditure., rt is yobaNe that a transfer of economic benefits will be required in settlement and the amount of the Obligati Can be measured reliably. Expenditure is accounted for on an 0rualS basis and has been ¢lassifie¢J under headings that aggregate all cost related to the Category. Where wsts nn0t be diredy attributed to parIlar headings. tsy have b8en allocaled to activities on a basis consistent with the se of resources. 1.6 Tangible fixed ass•ts Tangible fixed assets are inilialty measured at cost and subsequentty measured at cost or valuatson, net of depreaation and any impairment losses. Depreciation is recr>Jnised 50 as to wyite off the cost ty valuation of ass8ts less their residual values over their useful lives on the followng bases". Freehokl land and buildings Fixtures and fitting$ Computers per annum on 25% per annum on c05t 25% per annum on cost The gain or loss arising on the disposal of an asset is detemiined as the differenee bets¥een the sale proceeds and the carying value of the asset. and is recognised in the statement of financial acts"wties. 1.7 Fixed asset investments Fixed asset investrnents are iftilially Measu at transactTr price exduding Iransa¢tion $1$. and are subsequendy measured at fair value al each reporting date. Changes in fair value a recognised in net incomellexpgnditurel for the year. Transac1] costs are expensed as irKJJrred. 1.8 Impairnient of fixed assets Al eath reporting end date. the charity ViewS the carrying arnounls of its tangible assets to detemiine whether there is any indi¢ab"on that those assets have suffered an impaimienl loss. 11 any such indication exists, the recoverable amunl of the assel is estsmated in order to deteIne the exlenl of the impairment loss lif any). 1.9 Cash and cash equSval•nts Cash and cash equivalents indLKle cash in har. detK)sits held at call wilh banks, other short-lerm liquid investments with orbginal maturities of three months or I$. and bank overdrafts. Bank overdrafts are shown thin bom)Mngs in current liabilities.
YMCAWHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles (Continued) 1.10 Financial instruments The ¢harity has elected to apply the prowsions of Section 11 'Basic Financi Instruments. and Section 12 'Oth81 Finanaal Instrumenls Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charTVs balance she6t when the charity bacomes paty to the contractual provisions of the instrument. Financlal assets and liabilities are offset. wilh the net amounts presented the financial stslements, when there is a legally enforceable right to set off the recognise(1 amounts and the is an intention to settle on a nel basis or to realise the asset and settle the liability sirnultaneousty. Baslc financlal assets Basic financial assets. which include deblors and cash and bank balances. are inib.ally measured al transaction price including iransaction costs and are subsequenuy carried al am0se cost using the eff&clive interest method unless the arrangement constitutes a finaning transaction. where the transac11¢ is measured al the present value of Ihe fiJbJre receipts discounted at a market rate ol interest. Finanaal assets dassified as receivable within one year are not amortised. 8asAc financlal Ilabllllles Basic financial liatM"lilies, induding creditors and bank loans are initially feccsnised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured al the present value of the future paymenis discounted at a market rate of interesL Finanual liabilits.es dassified as payable within one year are not amorttsed. Debt instruments are subsequently carried al amorti5ed cost, using Ihe effective interest rate melhod. Trade creditors are obligations to pay f SKM)ds or service5 Ihat have been acquired in the ordinary course of operations frorn suppliers. Amounts payable are cL4ssified as t)Jrrenl liabilities if payment is due within one year or less. If not. they are presented as non-csjrrent liabilities. Trade creditors are recognised initially at transaction price and sub5equenUy measured al 8mortised cost using the effeclNe interest method. Dere¢ognition of fin8nci•l li•bilitie$ Financial liabilities are derecognised the chari$ contractual obligats.ons exwre or are disthargad c cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognise(J in the per#Y in which the employee's services are received. Termination beneffts are reccgnised immediatety as an expense when the charity is demonstrably committed lo terniinate the employment of an employee or to provide lem)inatK>n benefits. 1.12 Retirement beneffts Paymenls to defined contribulicffj rets'rement benefit s(*èmès arè charged as an expense as they fall due. YMCA White Rose participated in a muftmployer pension t1efined plan for employees of YMCA'S in England. Scotland and Wales, which was closed to nèw memrS and accruals on 30 April 2007. The plan's actuary has advised that it is not possible lo separatgly entrtY the assets and liabilitss relating to YMCA White Rose, 8nd therefore the stherne is accounted for as a defined contributson scheme. As deSIbed in the notes to the a¢Ints. YMCA White Rose has a contractual obligation lo make pension deficit payments of £27,325 per annum over th? period to April 2029. accordingly this is 5hovffj as a liability in these accounts. In addition, YMCA White Rose is required to contribute £5.233 per annum to the opgratsng expenses of the pension plan and Ihese costs are charged to the statement of finan(ial activities as made.
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Crilical ac¢ounting •stimates Ind judgements In application of the charity's accounting Oiaes. thè trustees are required lo make judgements. estsmates and assumptions about the carying arnount of assets and liaknlities that are r)ot readily apparent from other sources. The estimates and assoch?ted assumption5 are based on historical experien and other factors that are considered to be rdevanL Aclual resLFlts may differ from thse estimates. The estimates and underfying assumptions are reviewed on an ongosng basis. Revisk)ns lo accounting estimates are recognised in the period in which the estimate is revised where the vIsion affects only that period. or in the period of the revision and fijlure riOdS where the revision affects both eurrenl and future Feriods. Ineome frorn charitable acti¥itles Unrestrl¢ted R•strlthd fvnds funds 2023 2023 Total Unrestrlcted Restrlcted nd$ fund$ 2022 2022 Total 2023 2022 Perfomiance related grants Charitable rental income 17.965) 12,217 17.9651 12.217 148,564 186,564 15,944 15,944 4.252 4,252 53.944 148.564 202.508 Inc¢)m& from othgr trading activlties Unrostrlctsd Unrestrlcted funds funds 2023 2022 Shop income 74.272 65.567 Donatlons and legacbes Restrkted Unrestricted funds funds 2023 2022 Don81ions and grfts 37.233 353 10-
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Income from Investments Unrestricted Unrestricted funds fvnds 2023 2022 Income from listed inveslments 1.218 1.038 Other Inc¢me Unrestricted Unrostrietad funds fund8 2023 2022 Other income 2.975 2,784 11
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Expenditurg on ¢harltable activities Charitablo CharStable expenditure •xp•nditur• 2023 2022 D5r8ct costs Staff costs Depreciation and Impairnt Rent rates & water Light & heat Insurance Transport & travel Telephone Repairs m*ntertance & security Training costs Printing postage & statp)nery Project costs RtY)m hi Sundry expenses Bank charges & interest Other charitsbte expendilure 18.709 59.287 16,020 21.138 6,460 54.127 59,287 11.556 22.664 4.918 92 1,831 222 2.086 20.545 193 1.054 1,186 3,260 34,469 11.336 4,878 593 12,094 162 676 17.475 164,991 221,321 Share of support and gov•mance costs (see note 9) Support Governance 11.466 22,380 13.052 16,796 198.837 251.169 Analysi$ by fund Unrestricled fvnds Restricted fijnds 100.456 98.381 37.719 213,450 198,837 251.169 Support costs allocated to activities 2023 2022 Managment services $1$ Govemance costs 11.466 22.380 13.052 16.796 33,846 29.848 Analysed between: Charitable ath"vits"es 33,846 29,848 12-
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Twsteas None of the twstees {or any persons c{nethed with Ilm) recived any remuneration or beneffts from the charity during the year. 11 Employee$ The average monthly number of emOyeeS during the year was: 2023 Number 2022 Number Employment ¢o$ts 2023 2022 Wages and salaries Other pension costs 18,317 392 . 53.450 671 18.709 54.121 There were no employees whose annual remuneration was more than £60.000. 12 Gains and losses on inv•stm•nts Unro$trl¢t•d Unr•stricted funds fvnds 2023 2022 Gainsl{lossesl arising on.. Revaluats"on of investments Sale of investments (3,4381 197 1.1271 687 (3.2411 {4401 13 Taxatlon The charity is exempl from laxalion on its actNtbes because all its inc¥xne is applied for charitsble purwses. 13-
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 Fixed asset investments Listsd inveslments Ca$h in portfollo Total Cost or valuatlon At 1 April 2022 Addili¢)ns Valuation changes Disposals 55,330 13,786 (7561 (17.2381 340 473 55,670 14.259 1756) {17.2361 At 31 March 2023 51.122 813 51.935 C•Trying amount Al 31 March 2023 51.122 813 51.935 At 31 March 2022 55,330 340 55,670 Flxed a$srf Investments revalued Listed investments are stated al market Value at the Balan Sheet date as detemined by 8rewin Dolphin stockbrokers by reference to stock market prw. The historic cost of listed imiestments was £54,07412022 '. £50,859)- 15 Tanglble flxed assets Fyeehold land Flxtw•s and Comput•rs tIldIng5 fftUn95 Total Cost At 1 April 2022 2.964.348 9,582 12,617 2,986.547 At 31 March 2023 2.964.348 9.582 12,617 2,986.547 Depreclatlon and Impalrment At 1 April 2022 Depreciation charged w) the year 652.157 59.287 9.582 12.617 674,356 59,287 Al 31 March 2023 711.444 9.582 12.617 733,643 Carrying amount At 31 March 2023 2,252,904 2.252,904 Al 31 March 2022 2.312.191 2.312.191 YMCA While Rose has been given a 40 year lease. free of chanJe by Rotherham MBC. The building has bee included at cost arKI the Iruslees consider Ihis to be appropriate gNen the expected use of the buildin9 for ongoing communty use. There are reslricti.ve covenants on the property which will affect rnarkgt valuation. No impairment has been made as the market yue is difficult to detemiine given its cuffenl use. 14-
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Debtows 2023 2022 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 6,992 15,024 5.693 15,024 12.687 17 Crodllors: arnounts falling du• within on• y•ar 2023 2022 Oiher taxation and social secJJrity Trade creditors Accruals and deferred income 926 11.223 860 12.444 106.678 100.813 119,982 18 Provlslons for Ilabllltl•s 2023 2022 Rotirgmgnl bgnefit obligalions 21 110,943 122,060 110,943 122,060 19 Restricted funds The restricted luTrJ5 of Ihe charity compnse the unexFended balances of donations and grants held on tnjst Subje lo speofic Conditions by donors as to how they may be used. At 1 April 2022 Incoming Resour¢e$ Al 31 March re$our¢*$ expended 2023 My Place Children in Nee¢J Sundry small grants Coronavirus Communty SuFWt furKI Smiles4Miles Sargent DI donation 2.312.191 25.075 970 47 13.002 1$9.2871 125.0751 19701 1471 (13.CK)21 2.252,904 37.233 37.233 2.351.285 37,233 198.3811 2.290,137 15-
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 19 Restricl•d funds Icontlnuedl Provl¢ws y•ar: At 1 April 2021 Incorning r•sources Resour¢•s At 31 MaTch exnded 2022 My Place Children in Need YMCA Changing lutures Reaching CoMMune$ Tesco Sundry small grants Cortsnavirus Community Suppcrtl fvnd Rolherham MBS Smiles4Mile$ yCth Covid 19 SUPFKJrt fund 2.371.478 159,2871 161.705) 13.8151 {69.9111 12.6901 18001 {7.1441 {6,9171 (22,8641 (10.0001 2,312,191 25.075 86.780 3.815 29.274 2,690 1.770 7,144 40.637 970 47 47 6.917 35.866 10.000 13.002 2.416,171 180,247 1245.1331 2,351,285 y Plav- w0dIng a building for the young people of Rolherham. Reaching Communities- providing various acttwties aimed at young people in the Rotherham area. Children in N••d - fvnding the whe l Belong projecl for children and youn9 people. Changlng Future - short tern mental heath project. Children & Young Peopl• Fund- Covid supph)rt Srniles41Ailes - prowding increased youth provisi and 5UPPOrt for Childn and Young People Youth Covid 19 support fund - Covid suprx)rt. Sargent DI Donatlon - A Donab"on from an indmdual tr future While Rose YMCAdevelopments. Unrestrlcted funds The unrestricted funds of the charity comprise the unexperKJed balances of donations and grants which are not subject 10 specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unStricted funds by the trustees for specific purposes. Al 1 April 2022 Incomlng Re$ourcos re$ourcos •xpgnded Galns and At 31 March Ios5e$ 2023 General fvnds 35.146 82.717 {100.4561 117,9801 1573} 35.146 82.717 1100.4561 117.9801 1573) Prevlous year. At 1 Aprll 2021 Ineomlng Resources re$¢)ur¢¢s expended Gains and At 31 March losses 2022 General funds (19.595) 131.376 {37.719) (38.916} 35,146 16-
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 21 R•tir•ment benefit schernes D•fined cOntbutIOn schemes The dwrity operates a ¢Jefined contn"bution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to profil or loss in respect of defined CGtrali schemes was £392 (2022- £6711. D¢fined bonefrt sclMm•s YMCA While Rose parti¢tpatetl in a contritrA&tory pens plan providing defined benefits based on final pensionable pay for employees of YMCA'S in England. Scolland and Wales. The assets of the YMCA Pension PL3n are held separately from those of YMCA White Rose and at the year end these were invested in the Mercer Dynamic De-risking Solution. 62% matthing porttolio and 38% in the growth porrfolio and Schroder Ipropety units onty). The most recent Mpleted three yeaf ¥UatiOn was as at 1 May 2020. The assumptions used which have the most significanl effect on S1t$ of the valuab.on are those relathng lo the 85surned rates of retum on assets held before and after retirement of 2.59% and 1.09% respe¢tivety. the In¢3$e in nsionS in payment of 2.99. (for RPI capped at 5% per annuml, and the average lrfe expectancy from nomial retirement age lo1651 for a cuent male pensioner of 22.0 years. female 24.4 years, and 23.7 years for male pensioners, female 26.1 year5. retiring in 20 years b"me. The result of the valualion showed that the actuarial value of the assets were £146.1m, which represented 79% of the benefits that had accrued to members. The Pension Plan was closeo to new members and futu servti accrual effect from 30 April 2007. With the remov81 of the Sal linkage for beneffts all employed deferred members became deferred members a5 from 1 May2011. The valuation prepa as at 1 May 2020 showed that the YMCA Perlon Plan had a deficit of £39 million. YMCA While Rose has been advise(J that it I11 need to make monthly contributions of £2,277 from 1 May 2023. which includ8s£436 as a contribution to plan expenses and are charged lo the Ststemenl of Financial Ath'vities as made. This amount is based on the Crn1 actuarial assumptions (as outlined above) and may vary in the future as a result of actual wformance of the Pension Plan. Th8 current recovery period is 6 years cornmencing 1 May 2023. In 8ddibon. YMCA Whrte Rose may have (wer bme liabilitse5 in the event of the non-payment ty olher participating YMCA% of their share of th8 YMCA Pension Plan's defiril. It is not px)ssible (xjffently to quantify the potential amount that YMCA White Rose may be calle{1 uwn lo pay in the fvture. The tolal oblvJatson has been discounted al a rale 013%. The total liability 15 due as follows=_ 2023 2022 Repayable wlhin one year 1-2ygars 2-5years After 5 years 18.445 18,445 55.338 18,715 17,437 17.437 69,749 17.437 110.943 122,060 17-
YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 22 Anatysis ol net assets between fvnds Unrestricted Re$tri¢ted 2023 2023 Total 2023 Total 2022 Fund balances at 31 Marth 2023 are represented by: Tangible assets Investments Current assetsllliabililies) Prowsionsand pensK)n$ 2252.9)4 2.252.904 2,312,191 51,935 55.670 95,668 140,630 1110,9431 (122.0601 51.935 58.435 (110.943} 37.233 15731 2.290.137 2,289,564 2,386,431 13 Rolatod party transactl¢)n$ There were no disclosable related party transactions during the year12022- none). 24 Oporatlng lease cornmltsn¢Thts At the reporting end date the ¢harity had outstanding commitrnents for future minimum lease payrnents under 'non-ncellable operating 18ases. which fall due as fdlows.. 2023 2022 Bets¥een and five years In over ffive years The charity oCcupS St Bamabas Church Hall. Rotherham urKler a 42 year lease from 2007 and the My Place Building on a 40 year lease from 2012 at peppercom rents. 18-