YMCA WHITE ROSE ANMUAL REPORT AND UNAUDttED FINAIICIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 Company R•9lslrall*)n 00088583 (Engl*￿ and Wal•s) Charity Registrntion 243410 •￿IL¥lu4￿. 20112r2Q4 Comp￿lEs H(WSE A47 #121 YMCA WHITE ROSE LEGAL AND ADMINISTRATIVE INFORMATION MrJCA MrsJLHou Mr P Hou9h Mrs J E Jone5 Mrs E Mussett Revd caft￿ P J B*dknl Mr J R Bl￿tY Charity nUM￿r 243410 com￿nY numb•r orx)88583 R•glst•rnd offic• StAnns Road Rothetham Sc#Jth Ythkshire S65 1PH In¢*wd•nt examin Unit 2 OlyThyc C¢x V¥hitehills Busuwss Pak Bwpo FY4 5GU YMCA WHITE ROSE CONTENTS Trustees. rewt Independent examwRf5 repo¥t Statement clfinancaal Balan￿ sheet 7-19 YMCA WHITE ROSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Thè trustees presenl annual repcrft ar#J fina￿1¥ staleTr￿￿ forthe year ended 31 Marth 2024. financial slatements and cowly wrfh the thariVs govemiThJ ¢knMnen( the Corryanres Act 2006, FRS t02 'The Finan¢ial Reports"ng Stsndard ap￿1¢a￿￿ in the UK ¥*d of IreL4nd" and the Charib"e$ SORP 'Ao))unb"ng and Reporbng by Charittes.. Ststemenl of Re¢aMmer￿ Pracke apFAicable to chanb.ès preparing their ¥ccounl$ in accordan￿ with the FThnoal Rep(¥b'ng Standard awoble fft UK and Rewklic of Ireland IFRS 102)". Objecti¥8s and activOtI8s YMCA Rose is part of a WOTlthvits Christian based n￿Ven￿rt Our is towaTds in%*stir¥J our skiNs and resources in the lives of young Fecyle so that W ran belorvJ. c￿￿ribUte and thrive. Our aim is to enaue young people afKt other meFw*er5 of local co)Ynunbtyes ts) full phy5Kal. xKial, and syritu* potenlial. •* work with all young people rewdless of gender. fa*h. ethrioty. alxlrty aThJ Sex4￿1￿ty. aim to transfom people's Ives by prowdry Opp￿tuNI18s for inspiration. d￿ller￿ ar¥J devebpn*nt. YMCA Rose 5WJPOrts and devel¢ps indi¥idu•ls. wilh a fr#xts ￿ ywig peo(*. By ful￿111n9 thu8 vision we ran change and enhm Ib¥es. YMCA Vvhite Rose works to enable yourt9 people to w to thew ful Wtial ty pro4iding a supportive and inclusive eommunity through its ¥ariw$ prts3ramme$ and services. The ethos of YMCA Wme Rose is based on its ao¥•Ke ¢f tr* Paris Basts the YMCA to promote.. l. Awth1oWe asso¢iab"on based C￿ Ihe equal vaue of all pwscffis. 11. ResF*c* and freedom for all. aoxpt0n￿ ar#J uThJelstsrth￿ between peopte ofthfferenl Own1￿$. 111. AL*ive o)ncern for the needs of Ihe c£¥nnunrty. tru$tee$ have paid due ffjgard ta gurdance issued by the Ch￿rtY CornTh¥ssion in derading what activiltes the tharrty sho￿1 undertake. YMCA WHITE ROSE TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Achlevomonts and wrforMa￿0 The d)allenges of both the p)81.pwKJemic worfd and economic dimate continue to irrpact on tharity and in particular the employment market whith has limit￿ our capai?ty to grow ser¥ices. o)ntinue to manage risk to ensure that we are econcrfnI￿1IY viable along￿de deliverirg a sm811 ¥KI iryp•Xful programme of woth I￿Jg$ed on ow local CA%ntNnity and res[¥￿dIng to need. Youth and Community Progrnmmes Followng a period of pause on CCrfTwnunity [￿grarI￿neS due to the ￿len9e5 of reuuib"rKJ SUTtably qualified and ¥xperienced youth workers. we were espeaalty pleased to be able to fe5ume delivery of youth progranmes this year. We have done so throuth thè aPp￿'ntsIwnt of a part time youth worker *DrkirvJ alongside existing youth and comnxmty groups offen"n9 YMCA led inteNthI"ons arourKI emotional I￿alth wembeing and slch¥ cooker worf(shops p￿paring nuth"b"ous and ￿$t meal$ assisti"w with the impac* of the cost of living uisis. We have started a (xjnsultation process engaging inltralty *iih 27 youThJ people to eStr￿1$h what they would lik• from the YMCA yOLrth offer gcMThJ foThrnTd. ensuring Y￿ com￿￿Ments￿j exisb.ng youth pmvision ano tn9 in partnership to delrver h9h quatty. impadfid inter¥enti(Th to the needs of young people and their o)mmunty. YMCA lfjmbeThvorth ParfK Ch*ity Sh¢)p Tra¢*ng and donations have remained pogth¥e dewe the oJrrent ecorKrfnrc dimate and have 0utperf0m￿d tsigets. The shop is well sijpported by a team of de(tycated vdunteers and through donati(ms of st[￿K for fesale. Chjr charity shop is well eslablislEd in the loral area and C1)ntin￿ to rrttt the Wl need$ in the ¢¢thmunity, meeting needs through affordatAe dothw homtr*ares wlH"lst wonxl.ng sustsirwbility an ¢liry. energy safety and effi¢wy iTh)xnt m8xYrisatitin rfated ad¥￿e as a re5￿t of Ilie Cadent Safe and Iwdl Communities programnE. YMCA Buildings Ov•r the last couple of years the Board a str*gy to address the redwd need br our buildirgs. Thi$ has re$uMed in ts￿h the St Bamabas and MypLxe Centrès b*"n9 let out to Rotr*erf)am Opportunrties College who help young people aged 1&25 wilh Spetial Educational Needs and Disabilities (SEND) to realise their fvll F4Jlential as prepare lrfe boyond the ¢lassroom. Tr MyrAace Centre remans available to the YMCA during evenings, weekend5 and hc4thys for youth smis￿. Plans for th• This year we have laid the foundatiorts for w new strategy w￿lIv￿ rtithn, yw pewe and f*nilie5 at the heart of our thinkin9. Our four strategic pri￿1beS are.. - PEOPLE.. Ow team a￿ at the l*art of7*t41 we do. ve ￿11 wNest ￿ makirwJ YMCA Vthite Rose an emptyer of c1￿1ce within the local comrwnities serye. BUSINESS RESILIENCE". To develop a fnan(>alty robust oryanisakn Ihat has effèdive aThJ effits.ent P￿sseS to support high qualty delivery. QUALITh AND IMPACT.. Fc#Xts on reigniting ddivwy of wilh youThJ Feopk in areas ojrneded to YKqCA assets and better devel¢Jp and communicate YMCA'S *tythin loca c>)mmunities. - SUPPORT AND INFRASTRUCTURE.. Ensure that the YMCA has the suprrtyt systems infrastru¢lure in place to delivery of our ￿rreft1 and futLwe thth. The Board re¢ognise the ¢￿tinUed thallenges as a resLrtt of the ￿nOMiC dimate. Due to the WO￿ that has been taken foTh¥ard to secure our asset base to aid wth fuiure $uslanaÈ41ty, aloThJ vrfith the c4)ntinued positive performance ot the charity relail sw with its finan0¥ reseNes, rt is the 8o*ds b•li•f thal tr* ctw.ty mains a g¢ing ctyicem. YMCA WHITE ROSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review The resuwy for the year sPM>v an overan deh>t ￿ a¢tMbes beforE pension thme adjuslments anwjunting lo £28,578 12023 ". defic4t £82.1281. Thi$ u)mprises a 5urpbus of £30.709 on unrestsi(thd funds and a deffiut of £59.287 on restsicted funds, beiThJ due to deFKeuthn d￿r9ed on buildings that were grant fvnded in ￿Or years. Total fu￿lS at 31 March 2024 arrthnted to a SU￿1(￿% of £60.274 on ur￿$tr￿e1. aThJ a surplus of £2,230.850 on stri¢ted lund$. The surplLbS on Lmrestrided lur#ls indudes a pension xlRme suwplus adjustrnent of £30.138 folltswin9 the latest aduarial ¥*Uat￿ Lrf the sct*me. It ￿50 relle)L￿ts. The charity has a service Eevel agreement with Fylde Coast YMCAto Centra SW Servi￿5. aTrJ wilh YMCA Bradlord to provide SeTh¢Y Managerrtht SeThi￿. tees. was approved by tr* Board ofTn*lees. Mr P H¢ugh Trustee li.la.JLI YMCA WHITE ROSE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YMCA WHITE ROSE I report to the trustees on ry examinalirffi of the frw¢'al st*menls ofYMCA R05e lthp tharrtyl frK the year erKled 31 Marth 2024. Responsltsilities and ba818 of reP￿t As the trustees of the th•nty land also rts ¢kreL*tys fty Ihe Nlposes of v)npany lawl. you are responsible for the preparation of the financial stalernerts in ac((*rdawKe reqwlements of the CompaniesAct 2006. Having s*isfied myself that the financial slatenwts of the charity are not reqwred to be 3￿Jit80 uThJer Part 18 of the Companies Ad 2006 and are eligib￿ ts i￿￿ependent examinati￿. I rep)rt in resFec* of my examinab.on of the dwity'$ finantial statèffthts carried ojt urth sedthi 145 oftht Chantses Act 2011. In carying ryjt my exaThHnatK>n I have fc4Iowed the Direthons given by the Charity C0rThritss￿ under Sect￿ 145(5llbl ol the Charkts"esAcl 2011. I have completed my examinattti. I c¥nfimi th•t fto mattws 14qve to attention (l￿eLlIon tr e￿￿ninatiOn giving cause to believe that in any material re5FeCt a¢&xJnb"ng wrds were not kept ￿ ￿Spect of ￿ chaiity as requw8d by seclion 3e6 of the Companies Act 2006 the fiftan¢¥al st*emenb th not ac(¥yd *ryth I￿)se records.. or the financial statements do not cxxnply with Ihe acojunling requirerrths of seAion 398 of Ihe C(rfnpan￿ AL 2006 othef than any requIreff￿1 that the finar￿lat slatements uyve a aThl fair view. is not a nwtter ¢ongdered as part of an ￿depe￿nt examinalion,. or the finanrjal ststemerrts ha¥e not been Fyepared ￿ act0rda￿e vAth the melhods and prinoples of the Statement of Recommended Practice lor accounling and repyting by d￿ribeS applicat4e to chavitses preparing their financ4al slatements in accord￿ *ith the Financaal RewMtirvJ Standard applicable in the UK and Republic of Ireland (FRS 102). I have no ojncems and have C1)n￿ a¢ross no olher matlers in Qyy￿￿n with It* examination lo vknich attents.on shguld be drawn in this report in rxder to enawe a F¥oper underS1￿￿¥j ofthe 5tstemgnts to be reached. Champion Accountants LLP Unit 2 Olymyc Court rtehill$ Busir*$8 Pa Blackpotsl LarKashire FY4 5GU Dale.. .l.q... la.d4. YMCA WHITE ROSE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2024 Totsl fund8 2023 2024 2024 2024 2023 2023 Donations legac4es Charitable adivrties Olher trading a¢b￿b"e$ Investments Olher in¢4me 37.233 37,233 4.252 74,272 1.21 2.975 30.958 79.654 1.401 30.958 79.654 1.401 4.292 4.252 74.272 1.218 2.975 Total Incom• 116.305 116.305 82.717 37.233 119.950 Ch8ntsble athvil*s 90,190 59,287 149,4n 100.456 98.381 198.837 N&t9•bn￿lID￿￿) on I￿¢$1m*1￿ 13 4,594 4.$94 13.2411 (3.241} N•t incom￿(0XP￿dlt￿rnj 30.709 159.28n (28.578) PO.9801 161.1481 182.128) Other rp¢ognised gains and losses: A¢tuarial 9ainslllosses) defined benefit 30.138 30.138 {14.739) (14.739} N•t movom•nl in funds 60.847 (5928n {35.719) {61.148) {96,86n R•¢oncili•tton of funds.. Furtd balances ¥11 April 2023 {$73) 2.290.137 2289.564 35.146 2,351.28S 2.386,431 Fund balan¢￿ at 31 M￿h 2024 60.274 2.230.850 2.291.124 1573) 2.29).137 2.289,S64 The statement of fin•Kaal a(*vibes I￿￿￿e5 all 9wrts losses fecwtsed #i Ihe year. All incom and eXper￿rtlffe deiivo from o)ntinuing ac*vbties. YMCA WHITE ROSE BALANCE SHEET ASAT31 MARCH 2024 2023 Fixed assets Tangilje assets Investments 15 16 2,193.617 56.035 2.252,9)4 51.935 2.249,652 2.304,839 Debtors Cash at bar* and in hand 17 15.024 181.457 71,081 137.779 196.481 Creditors". amwnts ￿11￿9 duo wlthin one year (42.736) 1100.813) Not ¢urnlas8•ts 9S.043 95.668 Total assets lsss li•bilili 2.344.695 2.400.507 Deffined bw*fft pensbon ($3.5711 1110.9431 2.291.124 2,289,564 Th• funds ofth• charfty Restricted inm fvnd5 UNestri¢led funds 2.230,850 60274 2290.137 1573) 21 2,291.124 2289.564 The company is enblled to the exemption from tt* requirement in se¢ion 477 of the Companies Acl 20￿. for the Ye￿ erKled 31 Marth 2024. Thè directors *novledge their re¥w)ns*qlthes for c￿lT￿￿1r1j with the req￿r￿￿nts of the Corrpanies Act 2006 with respeca to ac4x)untmg records and the weparation of fvw)cial st*menls. The membèrs have not required ts 0)mp￿Y to Obt￿ ￿ wJ(lil of its finatKial state1M￿ ts the year in question in acoydance section 476. Thèse financial stslements have been kyyred in ar￿d￿tt Wbth the appItsb￿ to companw $uti"ect to the Small ￿mpartieS regirr*. 17.12, MrPH Company registrabon number LYJ088S83 {EnglaTrJ Iwesl YMCA WHITE ROSE BALANCE SHEEf (CONTINUED) ASAT31 MARCH 2024 Critical a¢¢ounting estimales •nd judg¢m•nts In the ap￿Icall￿ of ￿ Ch￿]￿S ac￿￿ntIng pokies. th& trustees arn to m¥ke judgements. eslimates and assumpts'ons about the canying an￿rrt of ass•ts and liakn.lrt￿s that are not readily apparent from other Sour￿$. The e8tiTnates and assooated assLwnptw a￿ based on histwKal exwienc* and thr farAors that are o)nsitJered to be ￿thant A¢hAal ￿Ults may dfftrfrom these egbmales. estimates are recoJnised in the period in whith the esb.mate is revised where th8 rev¢sion affects onty that period, or in the ￿0d of the rewsKJn ¥rnl future wiod5 kne the reNi>on affecls both current and future periods. A¢¢ounllng Wl¢le8 Ch•rity Infomiation YMCA Vthrte Rose 1$ a pnv•te ctsnpany Iwyrted by guarantee in Ewd and IAtsles. The iSte￿O offiL* is My Place, Stknns Road. Rovwtsm. South Y¢*kth"re, S65 1PH. 2.1 Accounting ¢onvertion The finaroal ststerr*nts have been prepa￿ in accordar￿ wth the chartys goveming dooJm"ent, the Comparries Aei 2t*J6, FRS 102 Yhe Financial RepDth"ng Stsndard applicat￿* the UK and Rèpublic of Ireland" and the Charities SORP 'Accounts"Th3 and ReF*kn"n9 by Chaiities". str1e￿nt of RecommeThJed Prac*i¢e awlipable to thaniKs sxeparing ts"r *uJunts in ao>)rOw with the Finanoa5 ReF*Jting Stsndard applicable in the UK Re￿b￿"¢ of (FRS 102).. Tl* thanty 1$ a Public 8en¢fft Entrty as defin￿ by FRS 102. The tharity has taken adv*ge of the FthrySiWSS Wi the SORP for dwthes not to wepare a sLitement of cash flows. The finanaal slatements we prepared in stwlKvJ. Thtsc* 15 the fvTha*Jnal wffenGy of the charity. Monetsry amounts in these finanraal ststements are rw)ded to the nearest £ Tts firwifiJ state1￿￿ ha4* been prepared the h￿o[l¢al r•st C4Jn¥wkn. rr￿dified to indude the revaluation of listed investrnents and at fair Val￿. The piinclpal aco)Lmling politses adopted are set ￿1 telN. The finanrial statements crntan Infolmati￿ atrxjul YMCA V￿lIe Rose a5 an irKli¥idual tharity and do not c￿ntain consolidated finawKial inforrnthrt as the parent of a grcay. The ¢haiity has laken the option under Sectton 398 ofthe ComparMe5ALt r*)t to pyepwe c￿￿￿•da￿j finath?￿ statern￿ as a small group. 2.2 Going COn￿M At the bmè of apprO￿r￿j the finan¢Tral slatements. the INstee$ have a ￿aSonable expedab.on that the has adequate resoLrn to eothue in oper¥b"r)nal exsstence for tre foreseeable future. Thu5 trustees continue to adcfrt the g)iTrJ ttfflcem basi$ 0falxyj￿tsftg in weparwwj the fironcaal sL*nMIs. 13 Chorllablo funds obj8L*¥es. Restricted fvnds are sutyert to speofic by donws or grantots as to how they be used. The purposes and uses of the restncted funds are set (yjt in the notes to the fir￿￿1 staternents. charity. YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting Wi¢•* {ConlSnwd 2.4 Ineem• Income is recognised when tt* ¢*arity is legalty entitled to it after any perf￿MancE coThthiion5 have been thg amounts can be measured reliabty. WKI it is prrknable that Ir￿ ￿11 be re￿i¥¢d. Cash donab.ons are recognised on rec*pt. Other donaticffls are recognised once the thartty has been nob"fi•d thè donation. ut*ess performance ca￿￿[OnS require deferral of thè anNyJrt Incom8 tax recoverable in relation to donalK** rtt&ved under GfftAJd or deeds of coven*rt is rewrllstd at the tim• ofthe donation. Legacies are recogrmsed on recwt or 01hep￿ rf the d￿rity has been ncknfied ol impen(Ang distribution. amount is knovm. aThl receipl is expèded. If ts ￿￿nI is ncé krth4n. ts Wcy 1$ treated as a contiwnt a$seL Assets for distribulKn are re(wised onty when (listn'buted. Assets given for use by the charrty are rer•)gnised vthen receNatAe. Stocks of uThJistribLrted th)nated go&ts a￿ valued for balar￿ $heet wrposes. Revenue grants are rledited as incuning resources ¥&t￿n they are r￿N8d. txovmled conditions for receipt have been comF4i8d *ith. L￿eSS Ihey rdate to a speofic fi￿re pgnod case th8y are deferred. 2.5 Expendilur• Liabilib'e$ are recognised as expendrture a$ soon a5 Ihwe is a 149al or 0)r￿trUc*¥e c*ligJb"on ￿mMitt1ng the d)arity lo that expendbture., rt is wobat4e that a transfer of et¥)Mmic benefits wll be wuired in sewement a)d Ihe amcKml of the obligation can be rr*asured reliabty. ExpertdrtU￿ is accounted for on an ¥etruals basis )d has been das5nled under head￿95 that agye9ate all cost rdated to ts category. INhere w5ts cannot be Tectly attn'butejj to partiuJl¥ I￿￿1r￿, they have been alocated to on a basts consistent wrfh the Use of resource 2.6 Tan9ibl• fixed ass•ts Tangitjle fixed a38ets are irmlially ffeasured at ca)st 5ubsery*rfy measured at ujst or valualion. net of deprecAation and any iryairrr*rt losses. Oeprecaaticffi is recognised so a5 t9 WTite off the cost or valLthn of assets less th￿r residual values over their useful lives on the f(4lowing bayes.. Freeh￿d LWKI and LxJildry$ Fixtures and Computers 25% per annwn on cost 25% On ¢))st The gatn or loss arising on the dis￿￿S￿ of an asset i8 deterrnln￿ as Ihe dIffe[er￿ befvmen the sale proc*eds and the Carrying v4ue of the asset. and is ffeo)gnised in the slatement offmancial a(#ivibe$. 2.7 Fix•d asset inv•slm•nts Fixed a￿et investsnents are i1mlia￿ ￿e3￿red at transacaicffi exdLidry transx*on costs, and we subsequentty Measu￿ * laif value at eath rekxxting date. Changes in f•"r v•lue are reo)gni$ed in r*1 incomel(experh*iure) fur the year. Transa¢lwb c4)sts ¥e *xpertsed as in￿[re￿. 2.8 Impalmi•nt of fixed assets Al eath ￿k>th"n9 end d*e, Ihe chanty fthtyeK the c￿1r￿j anwjunts of its tsngth assets to tstemlne ether there is any ind￿31￿ that Ihose assets have suffered an impwrment h)ss. If any 5uth ir￿1c311on loss Irf any). YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting poli¢l•s (Continued) 2.9 Ca$h and cash •q￿alents Cash and cash eqwvalents Ind￿je cash in hand, depo%ts at call ba￿5. other short-lemi liquid wiihin borrwngs in eJJrrent liatjih'ties. 2.10 Financial instrumonts The ¢harity has ele¢ted lo ¥Wy the prw"wn$ of SeLIKm 11 'Basic Finarna¥l Instruments, Secaion 12 'Other Irrstwments Issues, of FRS 102 to all of ils fThTrial inslwrnents. Financial instrurr*nts are fecognised in the batanca sheet the ￿￿ty beoJne$ paty to the contractual provisions of the instrume Financial assets •*J li•bihb"es ae offset. with the r*t Pfeserted in Ihe ffinawal stalements, w￿n the￿ is a legally enlor¢eabk ngm to set off the rec¢gnised a￿￿nts and there 1$ an intentb)n to settle on a net basis orto realise the asset and setue the liablrty $rn￿. Basic fftjanclal assets 8asi¢ financAal assets. irdude debltys and Lxsh armj bank baLinces. We inib.alty measured at transadion price induding trwsadion costs and are subsequenty carried at arrwylised cost using the effective Inte￿$¢ method unless the aThwement ¢ffistrtLrtes a financiry Iransadw, where the transaction is measured at the wesent of the ftrture receipts disccxwth at a market Tate of interest. Financial assets Baslc finan¢ial liabilifyas Basic finanoa liabilities, inc*Jdir*J ueditOT3 aThJ bank loans are initially rec4Jgnised at transaclion price unless the ￿ang8ft￿nt constitLrtes a financirwJ trarbSad1￿. TAther• the debt instnThnt is measured at the prèsent value of the future payments disc4Junted at a market r* of interest. Financtal liabilities dassified as payabl• wtthin cfie yèar arè not amor11s￿. Debt instnsments are subsequentty carried ai aM0￿98d cosL using the effective Interest rate Met1¥￿1. Trade tyedrttys a￿ obligalior* to pay for gocrfb rx that have be￿ ac*wired fft th? tyth.nary of owr*ions from $W￿lerS. Amounts payaW are dassified as lÉ#bililies rf payment 1$ due within one year of less. If not. they are prèsènted as I￿*￿Iti"4$. Trnde treditors a￿ rÈo)gnised initially at Financial liabiliti.es are derecognised when the (*•'s C￿nIr￿1 obligatx￿$ expire or ¥e dischar9ed or cancelled. 111 Employeg benefits The o)st of any unu8eO hd#Yay w7bu￿fit is recwiiged vi tr* wiod in whith the wbyee's are f￿1Ved. Temiinatit)n bgnefits are rec4>gnised immw*atdy as an wense when the tharity is denThinstrably c¢nJnitted YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting polici (Continu8d) 2.12 R•tirnm•n¢ b•n•fits Payments to defined c(fftlritJulion retre￿tht tenefft sckn ae dmrged as an expense as they tsll due. YMCA White Rose p•ttipated in a pensi￿ defined rA&i for empbjyees of YMCA'S in Ewland, ScotlarKI and lAfia￿s. vthith dosed lo new rn￿nber5 a¢￿1815 on 30 April 2007. The F4an's actuary has advised that Tt 15 rh)t F*)5slJe to separately identrfy the assds and liabtltties relating to YMCA As des¢ribed in the ncles to Ihg artarts. YMCA Whmte Rthe has a c£¥ts¢knl oblgation to make ￿nsion defiul paymerts of £18,250 pef annum over the F￿0d to A￿"1 2027 12023 .. £27,325 per annum lo April 2029). a¢eordingly Ihi$ 1$ $l*)wn as a liabilty in these acl￿Unts. In a¢bj￿￿. YMCA Rose is required to contribLrte £5,817 Fer amum to the operaling expense5 of the pensM)n plan arKI these o)sts are cwed to the statement of financaa acbvibes as m•Je. Inc)mè 1421 31.000 17.965} 12.217 30,958 4.252 Incom? from otl•r trading •¢ti¥ili•s UrbrnstsScl•d Unrnstrlcted fund¥ funds 2024 2023 Shop inojme 79.654 74,272 Incom• from Inv•stm•nts Vnff•strf¢tod Unrostrlcled fvnds nds 2024 2023 IrK0￿￿ from listed investrnents 1.401 1.218 10- YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dmatlons and 18ga¢i Total Re8tri¢Xed funds 2023 37.233 (Xher Sncome funds 2024 fund5 2023 oitw Ine))￿ 4.292 2,975 11 YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expwdilure on charltable acti¥ltl¢s Chvltabl• Char•lable expondiiuro gxpenditur• 2024 2023 Dlrnct costs Staff costs 22,020 59,287 18.604 519 6.988 18.709 59,287 16.020 21.138 6.460 Rent rates & wal8r Light & heat Insuran Transport & travel Telepho Repairs maintenarte & sec¥rity Tr*nin9 costs Printing poslage & statiwy 2,201 7.059 2,086 20,$45 193 1.054 1.186 162 676 17.475 712 (780) sur￿ txp¢ns¢s Bank charges & interest Other c*awitable e¥pendilu 456 10.343 127.805 164.991 Share of$upi￿rt and gOV•rn￿ ¢osts nrt• 10) Support 375 21,297 22.380 149,477 198.837 AD•lytyis by fiwM1 Unrestricted frjnds Restiicted funlts 90,190 59,287 100.456 98.381 149.477 198.837 Net mo¥emwrt In fvnds 2024 2023 The net rnov¢ment in fiJnds bs Statad atr ¢trorgiryl1rxed￿rg)'. Fees payable for the indepwident exa￿￿n￿l￿ ofthe fman> statements Oeprec4ation ofo*ned tsngble fixed assets 2.945 59.287 4.172 59.287 12- YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMEKrs IcoKriNUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Support ¢osts all(Kat8d to •clivitl8s 2024 2023 anagment se(vices (xjsts Govemance c4xts 375 21.297 11,466 22.380 21,672 33.846 Analys•d Chanlable a¢b¥rfies 21.672 33.846 11 Thi$t•gs None of the tsu$le•$ (ty any pwsLTh (%￿r￿(led ¥￿th them) ￿[Ved any remuneralion or benefits from the charity during thè ye•r. 12 Employees The average nkn)nthty nwnb8rof enwyees dLWitvJ the ywwas: 2023 Number Number Employm•nt Costs 2024 2023 Wago$ and sakn&s Other pénsion (y)sts 21.570 450 18.317 392 22.020 18.709 13- YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 G¥ins and losses on I￿¢*1M* fund¥ 2024 nds 2023 G•in81(lossesl aiigng ￿.. Revaluation of inve5trw Sate of investrwits 4.632 (38) 13,4381 197 4.594 {3,241) 14 TaxalioTh The charity is exempt ta¥atKffj ￿ its adi¥ilw because a# its ir¥>)me rs applied for cknrit*>le purposts. 15 Tangiblo fixod assots and bulldknqs At 1 April 2023 2.964.348 9.582 12.617 2.986.547 Ai 31 Marth 2024 2.964.348 9.582 12.617 2.986.547 Deprn¢i•tion and impairn*nt At 1 April 2023 Dewets'ation charged in the year 711.444 59.287 12.617 733.643 59,287 At 31 Marth 2024 no.731 9.582 12.817 792,930 Carrying amount At 31 Marth 2024 2.193.617 2,193,617 Ai 31 Marth 2023 2252. 2,252,W y￿CA￿lte Rose has been given 3 40 year ltrase, free of Char￿ by Rothertrrdm MBC. The burfdirvd ha5 been in¢Wed at ￿st aThJ the trustees consider this to be 8pprc¥pn"* gNèn the expècted use of the builthng for ¢)ngoing communty use. are restric*ive CO￿nants on Ihe protety whith affect valuat*)n. No irnpairment has been made as the Ma￿et Vall￿ is to dètermine given bts ¢)Jwent use. 14- YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Flxed ay¥et inv8skn¢nts Cash in Total Costor valuat•on At 1 April 2Q23 Addit￿$ Valuation changes Llisp)sals 51.122 3,718 4.594 (4.352) 813 51.935 3.858 4.594 {4.352) At 31 Marth 2024 56.035 Al 31 2024 953 56,035 At 31 2023 51,122 813 51.935 Flxed a$8•t In¥e¥lm¢nts rnvalu List8d imiestmwits are stated at market walue at the BaLwce Sheet date a5 deternined by Brthvbn tknlphin Stockbrokefs by reference to stock market wtts. The histiyic o)st of listed investrnents was £53.13912023 ." £54.074). 17 08btoffs 2024 2023 Amounts f¥lling wrthin one ye*r. Trade detrtor5 otlwr debtors 42,999 16.077 7,622 15,024 66.698 15.024 18 Crnditors: amounts falllry du• wllhin on• 2024 2023 Other taxation and swal swity Trade ¢yedrtors Ar£n￿S and defeThed income 728 10,783 31.225 926 11,223 88,664 42,736 100,813 15- YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Fix•d ass•t inv•slm•nts Cash in portfolio Totsl Cost or valuatlon At I ￿ri1 2023 Athltions WalUati￿ changes DiSpoS￿S 51.122 3,718 4.594 (4.352} 813 140 51.935 3.858 4,594 14,3521 At 31 Marth 2024 953 56,035 Carrylng amount At 31 Marth 2024 55,082 953 5e,035 At 31 Marth 2023 51.122 813 51.935 Fixed investsnonts Trv•lu•d Listed investments are ststed at mathet Val￿ at the Bala￿e Sheet date as determined by Brewin Dolphtn Sto¢kbrokers by refererte to stoc* ma*et tils￿ ¢osi of listed Investr￿nts w8$ £53.139 {2023 . £54.0741. 17 D•btovs 2024 2023 Afflounts falling due Tjvithin one y￿r Trade debtors otheT debtOT5 P￿PaYMents and 8c£wed inLX)n* 42,999 16.077 7.622 15.024 66.698 1 5.024 18 Cffdltors: amounts falllTrJ du• *4th1n ¢)ne ￿ar 2024 2023 Other LiXat￿ ar￿ social swÉty Trade creditors Accruals ar￿ deferred inaNne 728 10.783 31,225 926 11.223 88,664 42.736 100,813 15- YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2024 19 Provislons for Ilabmitles 2024 2023 Retirement b*fft o￿lgatic￿S 53,571 110.943 53.571 110,943 20 Rostri¢tsd lunds Thè restricted fund$ of the tharity o)rrryise the urwwwjed bala￿e$ of dLThtions and grants held on trust $ubjeet to speafic condrtions by dorws as to htr*4 they may bt used. AllA￿l IncomlThg Resourus At 31 Mar¢h 2023 rnsourc•s •xp•nd•d 2024 My Place Sargenl DI thnation 2252.904 37.233 (59.287) 2.193,617 37.233 2.290.137 159.287) 2.230,850 Previous year: At 1 Awil Incoming 2022 r•sources Resources At 31 March expgnd•d 2023 My Place Child￿n in Need SuNlry small 9rants CoronawrLSS Community S4W(rt fvnd Smiles4Miles S¥Agent DI dcMMIi 2.312.191 25.075 970 47 13.(1 ($9.287} {25.0751 19701 1471 (13.0021 2,252.904 37.233 37.233 2.351.285 37.233 (98,3811 2.290.137 IAY Pla¢•- prowdirg a bLllldirvJ fty the yow)g kw)le of Rothetham. Childw•n In N••d . fiJndirwJ the l 8ekng for dNhJren and yOLm9 people. ChildreD & Youn9 Poople Fund- Coyid SUFWI Youth Covid 19 support fund - Cowd surrfjort. Sargent DI l)onat•on . A Donation fmm an indimdual for ftrture lfyffiite Rose YMCA devekpments. 16- YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Unrestrictad fvndg Tr* unrestric*ed funds of the chaiity conw8e the Unexp*¥￿ bala￿$ ofI￿atrOn$ *KI grants wlich are not subj'ect to specific condithMs by donors and grant0￿ as to Ihey may be used. These indude designated f[￿￿S which have been set asde of unr8slrKaed funds by the tmstees for speofic PUFposes. At 1 ApTII Incoming Rejouros Trdnslws G•kn$ and At 31 March 2023 lo￿￿r¢¢¥ expend¢d 2024 General funds (5731 116.305 (90.190) 34,732 60.274 Pre¥iq>us year: At 1 Aprfl Incoming Resourc•s TrdnBf•rs GalThs and At 31 Ma￿h 2023 G8fteral fvnds 35,146 82.717 {1￿.456) (17.9801 (573) 22 Retirnment bfrnefft schome# Defined conlributlon sch•m•s The tharity operates a defined pension SC*￿￿￿ for all qualifying e￿ees. The a$8ets of the scheme are held separatdy from those of the in an independenty adrrlnistered fijnd. The charge to profft or in rew old￿ned cmbibubon sthemes was £450 ¢2023. £392). 17- YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Defined bentrfit $ch•m•8 YMCA Whrte Rose partitspated in a o)ntr"twtory pen5Km plan provh*'ng defined beneffts based on final pensionable pay for ernpkjyees ofYMCA'3 in Englar*J. So)land wa￿$. The assets ofthe YMCA Pension Plan are held separatdy from those of YMCA ￿hite Rose at the year etN1 tlwe We￿ invested in the Mercer I￿n3Th￿¢ Devrisking sol￿n. 65% matchry •)d 35% in 9r¢wth p￿￿0110 S¢hrtrJer {property units (￿lY). The rnost recent com*ted three year vakjali￿ was as at 1 May 2023. The assLwnptions used 7•thith have the most significxnt effecl cyt the resulls of ts valuation are those relating to the assumed rates of retum on assets 4.56%. Ihe increase in pengons in payment of 3.18% (for RPI ￿pped at 5% FW annum), aThJ the average life expedancy from normal retirement age lof65} lor a current male pen$ioner of 21.5 years. female 24.0 years, and 23.1 years for mae pensi￿[s. fema￿ 25.7 years. rets.ring in 20 years time. The resurt of the valuab.on slthved that the value of the asseis were £103.1m. represented 92% of the benefft5 Ihat had acts￿1 to rr*nbgTs. The Penyon Plan was dosed to merré)ers and frJture swvice acCn￿l wrth effe¢t from 30 April 2007, WI. the removal of the salary ￿nkage for beneffts all empw deferred members becaff* deferred members a$ from 1 May2011. The valuab.on wep•red as at 1 May 2023 that the YMCA Pension Plan had a defiat of £9.1 rnillpJn. YMCA Whrte Rosè has been ath.sed that rt will need to make m(Yrthty conthLAJb"on5 of £2.OCfj from 1 May 2024. which indvde5 £485 as a Cthn"bUl￿rt to plan expenses and are tharged to the Statement of FinanrAal Activities as made. This a￿)Unt is bawj ￿ the current xtuarial assLrytions las cyjtlined above) and may vary in the fulL￿e as a reS￿t of xtual ￿erft￿m￿ of the Pensim Plan. The ￿rrent re￿WY period 1$ 3 y•ars commenciryJ l May 2024. In athjitiw. YMCA ￿tille Rose hwe over tirne in tr* evert of thè nO￿paYment by otr¢er rt￿ipatlng YIACAS of their share of the YMCA Ptiisim Ptsrf5 defA>L 11 is r￿t possible ￿r￿ntlY lo quantify the potsnb.al arrounl that YMCA Ihhite Rose may be Gilled UFrf)n lo pay in the future. The totsl obl￿ation ha5 been disc¢untsd ot a rale of S.3% (2023 '. 3%). The tow liatmlty 1$ dL* as follo￿:. 2024 2023 Repayable wilhin one year 1-2years 2-5years Afier 5 yea 18.249 17,331 16.471 1.520 18.445 18.445 55,338 18,715 53.571 110,943 18- YMCA WHITE ROSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO) FOR THE YEAR ENDED 31 MARCH 2024 Total 2024 Total 2023 2024 2024 Fund balan¢e$ al 31 Marth 2024 are f¢p￿sented by.. Tangible assets Investrnenls CuTrwrt assetsllliatxlrties) Prowsionwd pensiDns 2.193.617 2.193,617 2,252,904 56,035 51,935 95.043 95,668 {53,571) (110,943) S6.035 57.810 153.571) 37233 60.274 2.230.850 2.291,124 2.289.564 Related party tran￿eti1)n8 The￿ were no d￿doSal￿e relthl party durir4 year {2023. I￿ne1. Operating l•as• commllm•nts At the reporting end date the tharty h•J outst*ing c1)mft￿ lor firture minMn4wn lease payments under non.¢anceUable ryeralwig leases. fau due as fdltr*s". 2023 9*￿en two arKI five yew¥ In over five years The charity occupies St Bamabas Churth Hall. Rolherham under a 42 yw lease 2007 and the My Plae£ Bull￿1n9 ￿ a 40 year lease from 2012 at peFWCY)m rents. 19-