Here f
r.young people
Here for co
unities
Here for you
YMCA Ripon Annual
Report 2023-2024
11

## Everyone should have a fair chance to discover who they are and what they can become. 

## About YMCA 

YMCA believes in fairness and opportunity. There are essential building blocks for a full and rewarding life: a safe home; acceptance; guidance; friendship; physical and mental health; academic support; employment skills; and access to real opportunities. Many young people have never known these things; other people have lost one or more as they grew up, but we all need them. All of us. At YMCA, we provide these critical foundations for a fresh, strong start for young people and a better quality of life in the community. 

## About Ripon YMCA 

Vision: 

Ripon is a place where all young people can live safely, securely and independently, fulfilling their potential, and being valued members of the community. 

Mission: 

To remove young people from homelessness through the provision of accommodation, and address issues that prevent young people from achieving their potential, such as poor mental health, family breakdown, lack of opportunities and aspirations. 

02 



Ripon YMCA is an Unincorporated Charity called an Association. We also have a dormant Incorporated Organisation called YMCA Ripon CIO. 

These are the advisors, members and accountants at the end of the financial year 2023 to 2024: 

Patron Joanne Ropner LL Chair Sean McKibben Vice Chair Treasurer Anthony Pitt Board Members Jo Thackwray Rebecca Mian Yvonne Agars Vicky Hogg CEO: Lucy Downes Bankers: HSBC, 34 Westgate, Ripon, North Yorkshire Auditors: Fortus Ltd, Equinox House, Clifton Park, Shipton Rd, York, YO30 5PA 

The Ripon YMCA Board of Trustees can elect up to 10 individuals as trustees. We have a Chairperson, Treasurer and Vice Chairperson. Individuals who are known to the organisation or via professional networks are recruited with a role description, application and vetting process. A basic DBS is carried out and new trustees have an induction process and are required to read The Essential Trustee. A skills audit of Trustees is carried out every few years to ensure we are meeting the organisation needs. If gaps are identified we will actively recruit via our local infrastructure organisation, or facilities such as www.reachvolunteering.org.uk. 

Our constitution allows for Board members to be co-opted within the governance year. 

We are undertaking the self-assessment for the Trusted Charity Status, and continuing to grow, develop and learn. 

03 



YMCA RIPON
Strategic Plan on a page
Ethos a
d.val
V•rsion at 0110512023
W• se4k
We speak
To remove young people from homelessness
through thè provision of a¢¢amodation and
address issues that prevent young people from
achei¥ing their potential such as poor mental
health. family breakdown. lack of opportunity
and aspirations.
We are excited
about creatin8
working
partner5hip5 and
connecting wtth
the l¢xal
community
We offer all
young people
the space they
need to feel
safe. re$pe¢ted.
heard and
valulèd
We inspire
tenants. young
people. partners
and stakehaldèrs
by having a
passionate and
profe55i0nal
approach toythat
wedo
We advocate on
behalf of aur
tenants and
young people
We are dedicated
to serving young
people
Ripon is a place where young peaple can live
safely. Securely. fulfilling their potential and
being valued members of the community.
Strategic Goals for our work betw
Oand20
To provide good quality. safe and secure accomodation in Ripon. helping to ensure the housing needs of young people are appropriately met
To provide our tenants with a Personlaised Support Programme to ensure they achieve their potential
To work with others to ensure young people in Ripon have acce5S to services that support their personal and social developmenL enabling
them to make infomied choices about thelr lives
Extend our influence in order to raise awarenes5 of youth hornele55ne55 and celebrate the positive contribution of youn8 people in our society
How we know we are achievl
our goals
Impact
Outputs
Provls
Youn8peoWe are better
' tyutpppedto m4nJge thelr
Increase In p051tl¥e mo¥e on
Increa￿ number of youn8 peowe
achle¥eovffl tenJrKy
Tfftp￿ed confidence reported In
youn8 people
lfflpro¥ement In e
mentw
ment. e
uc?tion and
nlng opportunltles
5core5 on our*EII-belng
ProgT•rn
Ens•8ement In support
ove on rates
RethKed homelessness
I￿reaSed flnanc
Independenre
Ibutlon toywth work
Anendonce to ethJu¢lo
EET optlr
SÈ5slon of youth Twtyk
Comrnunftypartners
Donatlon5and communlty
engagement
Rlpon
Youry Pe￿Ie are safe and
heakhy
Better mental health
People and c¢)mmuhltles are
more aware of yvuth
'.hornele55ness and 155ue
ffeC￿ngYOun8 peow
tra
nereased ÈmpEoyabllfty
In￿e&S*d awareness of
vement In attittudes ofthe
local communlty

## **Chairpersons Report** 

It has been another very productive year at Ripon YMCA. As you will read elsewhere in the annual report, the organisation has continued to deliver on the goals outlined in its strategic plan. It has provided a safe and welcoming home for young people who may have nowhere else to go, and extended this to support young people who have arrived unaccompanied from other countries through partnership and funding from local government. Alongside providing a home, Ripon YMCA provides housing support for tenants to develop daily living skills and plan their move onto the next stage of their life. Effective fundraising has meant that money from the Big Lottery and other grant-making trusts has enabled youth work and outreach services to continue to expand, reaching many more young people in the Ripon area and developing partnerships in the community, such as local schools. 

For me, the central theme for Ripon YMCA this year is resilience.  Growth and success for any organisation is not inevitable and it takes considerable skill, hard work and sound decision making to make success seem as easy as it does looking in at Ripon YMCA from the outside. New opportunities have emerged over the last year for Ripon YMCA, and the staff team and the trustees have shown themselves capable of quickly assessing them, understanding the risks, balancing these against the possible rewards, and making sound decisions based on this information. Sometimes this has led to progressing with new ideas, for example providing homes for unaccompanied asylum seekers; sometimes this has meant choosing not to pursue an outwardly exciting opportunity that has the potential to divert the organisation from its strategic mission. 

There have also, inevitably, been unexpected challenges that have emerged through the year. These too have required solid teamwork to understand the underlying causes and work together as a team of paid staff and voluntary trustees to develop a solution that leaves the organisation stronger. 

All of this has emphasised the resilience of Ripon YMCA, which is based on a solid foundation. Ripon YMCA has an excellent staff team, ably recruited and led by Lucy. Her sound judgement, clear vision and ability to deliver outcomes means that the organisation continues to thrive and grow. It is clear from the funding received, and the partnerships developed throughout the community, that Ripon YMCA is a highly respected organisation with considerable influence. Its impact is felt in the local area, but also within the sector as a whole and throughout the wider YMCA community. 

Of course, behind the staff team are the Board of Trustees and I would also like to pay tribute to them. Meeting with them is always a stimulating and positive experience, whether at the board meetings or the finance and governance subgroups. Discussions between my fellow trustees and Lucy are focused, thoughtful and occasionally challenging, but always cordial, respectful and productive. We are lucky to have a knowledgeable and supportive group of trustees, which contributes to Ripon YMCA being such a balanced and effective organisation. I am pleased to say that this year we have been joined by two new trustees, Vicky Hogg, who joined us at last year’s AGM, and Ian Varnes, who has recently joined the Board of Trustees. Both bring considerable experience from their respective sectors to the Board of Trustees. I look forward to them getting involved in shaping the new strategy for Ripon YMCA which we will begin to work on this autumn, and which will build on the exceptional work already done to get Ripon YMCA to where it is today. 



All of this puts Ripon YMCA in a very strong position to take advantage of any new opportunities that may emerge in a volatile world, where policy priorities may change at a local and national level. Hopefully this will see a renewed focus on homelessness and an investment in developing the potential of young people. However, whatever happens, I am confident that the team at Ripon YMCA is capable of meeting all the challenges and opportunities the future holds. 

Sean McKibben – Chairperson, Ripon YMCA 

Staffing Structure as of July 2024: 


06 



## **Services and Activity from April 2023 to March 2024** 

We have seen a wide range of successes and faced a number of challenges in the year from April 2023. Some large funding bids have been successful and therefore funded projects with the National Lottery Community Fund and the Lloyds Bank Foundation for England & Wales have started. 

Our Housing Team continue to grow, developing professional practice and their capacity to respond to those living with us. We have recently registered with Ofsted to continue our housing provision for 16 and 17 year olds, and anticipate we will become a registered provider. I would like to mention our amazing volunteers, Jonty and Mandy, for their significant contribution to the work of the team. Gabriel has also run some gardening and creative writing workshops with several of our tenants. 

Our individualised support package for tenants responds to their needs and aspirations with a significant number of tenants having found sustained employment, education or volunteering opportunities. We find ourselves in a place where we have a number of tenants ready to move on, but with very little opportunity given social housing availability and the private rental market. 

In September 2023 we started delivery of the Ripon Youth Matters project funded by the National Lottery Community Fund. We have had some challenges with recruitment, but as of summer 2024, we are looking at a positive staff team moving forward. This fund provides us with the capacity to deliver a range of youth work provision from Teen Drop-in, Red Triangle Drama Group through to targeted work with schools and older young people. 

We have a small grant secured from Ripon City Council to support the Ripon Youth Work Partnership, Ripon Youth Volunteering Network and Teen Talk, alongside some community training for partner agencies. Being recognised as the leading youth work provision in Ripon is positive and continues to contribute to our reputation and the quality of the work carried out. 

Staff welfare and support continues to be at the front of our thinking and we have developed a range of activities to embed this within the staff and volunteer team. I would like to thank the whole staff team for their hard work, enthusiasm and commitment to the working culture we have created and continue to develop. 

In 2020 we created a Strategic Plan which continues to progress. We held strategic review sessions for staff and board members to refresh and update progress. We are now working towards a new plan from April 2025. 

We continue to work with several advisors to develop our capacity and keep us striving to be the best we can be. I would like to finally thank the Board who have provided me with unwavering support over the last year, and the flexibility to develop and strengthen our team. 

Lucy Downes - CEO Ripon YMCA 

07 



## **Progress Against Our Strategic Plan** 

We will respond to each of our strategic goals individually in this report to demonstrate our progress and plans. 

**Goal 1:** To provide good quality, safe and secure accommodation in Ripon, helping to ensure housing needs of young people are appropriately met. 

## **Progress and activity:** 

In 2023 to 2024: 

- We provided Supported Housing to 28 young people, with 20 continuing to live with us after March 31st 2024. Meaning that 8 young people moved out within the year. 

- We received 51 enquiries for accommodation in the year. 

- We negotiated a significant increase in Supported Housing rent via Housing Benefit to include Ofsted registration, increased costs due to inflation and a more sustainable maintenance program. 

- We applied to Ofsted to become a registered provider for the delivery of Supported Housing for 16 and 17 year olds. 

- We are working closely with Childrens Social Care, in particular the Leaving Care teams to ensure our work with 16 and 17 year olds is robust and meets Ofsted standards. 

## **Case Study:** 

John was initially referred to the YMCA by the local authority due to a relationship breakdown between John and his parents. 

Diagnosed with autism he was receiving support from Probation and Social Care after a series of incidents in the family home and community. John struggles to communicate thoughts and feeling and this was a major barrier when trying to find a way to support John 

Over time and by engaging John in conversation around his interests and hobbies he began to show signs of more open communication. It took over 6 months of careful Key Work sessions and engagement to move on to the Outcome Star that we use to identify strengths and challenges, and therefore where we focus our work to develop his independent living skills. 

An ongoing consistent, reliable and flexible approach is require when working with all tenants, but especially for those who have challenges with trust and have been let down by family, friends and services. 

John has been with us for 1 year, he has reconnected with him mum and we have explore training and employment options. He has also been a regular attendee of our Cooking Social and Me Time activities. 

08 



CCornrnodAtion at Ripon YMCA itri 23124
Gender
New
tenants
28
Total tenants
Supported
Tenants
moved out
amily
breakdown was
the reason why
57% of tenants
moved in
OOOO
16-17
18-20
21-24
25+
Age when
tenant moved
into the YMCA
Tenants with
mental health
problem on
move in
Whilst they lived with us
38/
17h
12
ave engaged wlth Mental
Health Services
have been employed
ave volunteered
ave been in education or
training
Average length of
stay is 18 months
100% moved into a
positive housing
situation
100% of tenants are
registered with a
doctor and dentist
50% moved into a social
housing property
tip yn¢.I

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**Goal 2:** To provide our tenants with a Personalised Support Programme to ensure they achieve their potential. 

## **Progress and activity:** 

In 2023 to 2024: 

- We provided regular keywork sessions with tenants at the YMCA, weekly group work focusing on developing independent living skills. 

- On average we have 8 Keywork Sessions a year with each tenant. 

- Working with tenants we identify that finding a “meaningful use of time” is one of the main reasons for contact, with the 2[nd] being “managing your tenancy” then “emotional health”. These topics are taken from the Outcome Star we use with tenants to explore their needs and develop an understanding of how we can help them. It can also be used to track progress, but we don’t see the patterns you may expect (upward trends as tenants move to independence) because of a range of factors. See below for the Outcome Star template. 

- We managed an increase in tenants with mental health issues with 38% showing a mental health problem or severe mental health problem when using the WarwickEdinburgh Mental Wellbeing Scale. 


Housing Outcome Star – Tenants will work with their Keyworker to identify where they sit on the scale against the topics. 



**Goal 3:** To work with others to ensure young people in Ripon have access to services that support their personal and social development, enabling them to make informed choices about their lives. 

## **Progress and activity:** 

In 2023 to 2024: 

   - We successfully applied for several grants, trusts and donors to fund our work and have exceeded our funding expectations in the Strategic Plan. 

   - We have developed a variety of different youth projects and have engaged over 1500 times with young people. 

   - We delivered 147 youth work sessions in the year and staff dedicated over 250 hours of delivery. 

   - The Red Triangle Drama group continues to meet and won the best walking float on St Wilfred’s Day. The inclusive group has been running for 30 years and have worked on various plays this year including Inside Out, The Deathly Hallows, Elf and Toad of Toad Hall. 

   - We continue to chair Ripon Youth Work Partnership which started in 2021 following an increase in anti-social behaviour in Ripon. The partnership continues to grow and is a resource for the police, local decision makers and providers of Youth Work. 

- **Goal 4:** Extend our influence in order to raise awareness of youth homelessness and celebrate the positive contribution of young people in our society and community. 

## **Progress and activity:** 

In 2023 to 2024: 

- We provide resources and information to local organisations around homelessness, mental health and safeguarding. 

- We lead and chair the Ripon Youth Work Partnership. 

- We are working with Ripon Together to promote young people’s participation and community involvement as part of their annual awards ceremony. 

- We enabled Teen Talk youth voice feedback and provided it to the Youth Work Partnership and Ripon City Council. 

- Our Young Leaders Group has been involved in supporting numerous community events and organisations including the Ripon Theatre Festival and Ripon Library. 

- We continue to develop our partnerships and reputation amongst funders and local organisations to ensure we are involved and included in future plans and developments. 

12 



Youth work at Ri
otrI YMCA in 23124
••1553••
Age of young people
attending
4%
Number of times we
engaged with a
young person in a
session or activity
78%
18%
254.5 hours of staff
delivery time
We engaged with
84 individual young
people in sessions
137 sessions
delivered
20 Young Leaders
organised activities
for 87 other young
people
CoDtraceptloTP
Healthg Food
The Ripon Youth
Work Partnership
has engaged with
26 professionals
100% said
they would
recommend
our training
fpiendship'sDrug,
ual.ttf alth
LGBTQ+
A°A°A
fThploymeDf
Smolivg
J(ou5iii¢Family Relationships Bopedom
apiDg
'Ik)è¥,'IiiiaRcJ4'115
toa
colleague
School
18 people attended our
partnership training in
Safeguarding and Working
with Young People
Mental Health
xamsBullyingPolice
Social Media
Yn¢i
Issues coming up in
sessions

## **We are grateful to the following organisations, funders and partners who have supported our work in 2021/22.** 

Albert Hunt Foundation Morrisons Community Champion Aldi Mountain Warehouse Angela Portz The National Lottery Community Fund B&Q Foundation North Yorkshire Sport BBC Children in Need NYC locality fund Beware of the Bull RBM Bramell Foundation Realitea Boroughbridge Dental Services Ripon Cathedral Charles and Elsie Sykes Foundation Ripon City Council Community Alcohol Partnership Ripon Girls Group Evolve Ripon Library Farmison Ripon Museums Trust HADCA Sainsbury’s Ripon Holy Trinity Church Skipton Building Society Lloyds Bank Foundation for England & Sylvia and Colin Shepherd Trust Wales Yorkshire Building Society M&S Ripon 

**We are also grateful to the many individual donors and community supporters for their ongoing commitment to our work. We continue to receive many donations in support of our projects and in remembrance. Thank you** 

14 



## **Treasurers Report** 

2023-24 has been another year of sustainable growth, as the organisation continued to build robust foundations and leverage these to grow at a manageable pace. Our housing income has grown as a result of focused work to ensure that our occupancy rates are high and our rents are sustainable. 

Our financial position has improved since the prior year; free reserves have increased from £126,289 to £130,500. This means we have met our target level of free reserves, demonstrating that we continue to operate on a sustainable basis. 

Total turnover for the year is £415,013 (2022-23 £271,986), this has enabled the organisation to again make a small increase to staff levels over the course of the year, and to purchase a van, which has enabled us to operate more effectively. This has been driven by effective fundraising, the continued generosity of the public through donations, and through effective management of costs. 

We recognised an impairment to our property value of c£1m. This arose as a result of a substantial valuation exercise undertaken by Kempston Park Chartered Surveyors. The valuation is predicated upon the anticipated resale value of our property, and provides a robust basis for us to use this year and beyond. 

The trustees undertook work to identify an appropriate policy for securing our long-term future, which has resulted in the transfer of £70,000 to designated funds. We now have a Property Development fund of £113,000 and an Organisation Development fund of £20,000. 

This has been my third year at the YMCA as Treasurer. This year I have worked closely with the team and have been pleased to note that proportionate controls are in place around spending and other areas of the accounts. I look forward to seeing the organisation continue to thrive in 2024-25. 

Anthony Pitt – Treasurer Ripon YMCA 

**The next pages to contain the following once finalised:** 

- **Statement of Income and Expenditure** 

- **Balance sheet** 

15 



RIPON YMCA
STATEMENT OF COMPREHENSIVE INCOME
YEAR ENDED 31 MARCH 2024
Restated
Total
2023
Unr•stri¢t•d Restri￿ed
2024
2024
Total
2024
Not•
Turn￿der
365.833
49.180
415.013
271,986
Ot*rating costs
1298.7651
128.6171 1327.3821 1261.9581
OtErating sutplu5
67.068
20.563
87.631
10.028
Interest receNable and sirnikr Inco￿
369
369
Surpluslldeficrtl Icf the year on udinary aclNrtles
67.437
20.563
88.000
10,028
Galn I Ilossl on revabJats)n
35.975
35.975 1171.5161
Ttstai eomprthènslvè Ineomè Iiexpenditurel
for ih• y•ar
103.412
20.563
123,975 1161,4881
The aLxwe flgwes are derlved trorn ccfitlnulng operatK)ns.
Apwoved ty the trustees on 1710712024 and svjr￿d on their tehar ty.
16

RIPON YMCA
STATEMENT OF FINANCIAL PoS￿10N
YEAR ENDED 31 MARCH 2024
R•ststed
2023
Not•
2024
Tangibl• fix•d ass•ts
494,719
475,441
Current assets
De￿0[5 and ptepaytnents
Cash at t￿nK and in hand
15.757
309,909
3,692
220.422
325.666
224.114
Credttors.. Amounts lalkng due wtthln one year
125.9051
121.2681
N•1 curr•nt ass•ts
299.761
202.846
Credrt0￿". am(MJnts falling due after c￿eyear
Defined LEnerr( pens￿Tr liabilty
10
15,0651
112,8471
Total net assets
789,415
665,440
RèseThès
Income and expendrture reSe￿e
DeS￿nated <*vekJrKnent fund
Designated CIO lund
Revaluat￿n reSe￿e
Restricted Funds
569.385
113.000
20.000
55.799
31,231
57 1.948
48.000
15.000
19.824
10,668
12
Total r•s•Th•s
789,415
665,440
The financk31 staternents were approved and authoiLse(J foi issue by the trustee5 on 1710712024 and sign
on tr￿1r by".
17

**RIPON YOUNG MEN S CHRISTIAN ASSOCIATION (KNOWN AS RIPON YMCA)** 

## **FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED** 

**31 MARCH 2024** 

Charity Number 250986 

Housing Association Number LH3651 




## **RIPON YMCA** 

|**I N D E X**|**I N D E X**||**P A G E**|
|---|---|---|---|
|__________________________________________________________________________________||||
|TRUSTEES REPORT|||1-5|
||||6|
|STATEMENT OF COMPREHENSIVE INCOME|||7|
|STATEMENT OF CHANGES IN RESERVES|||8|
|STATEMENT OF FINANCIAL POSITION|||9|
|STATEMENT OF CASH FLOWS AND NOTES TO STATEMENT OF CASH FLOWS|||10|
|NOTES TO THE FINANCIAL STATEMENTS|||11-22|





## **RIPON YMCA TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024** 

## **REFERENCE AND ADMINISTRATIVE INFORMATION** 

**Charity Number Registered Address** 

250986 

4-5 Water Skellgate Ripon North Yorkshire HG4 1BQ 

**Patron** 

Jo Ropner LL 

**Trustees** 

Chairperson Treasurer Vice Chair Additional trustees: 

Sean McKibben Anthony Pitt Post currently vacant Kari Munro (resigned 19[th] July 2023) Jo Thackwray Rebecca Mian Yvonne Agars Vicky Hogg (appointed 19[th] July 2023) 

**Key Management Personnel Principal Bankers** 

Lucy Downes 

HSBC plc 34 Westgate, Ripon, North Yorkshire 

**Independent Examiner** 

Frances Howard Fortus Limited Equinox House, Clifton Park Shipton Road York YO30 5PA 

24 



## **RIPON YMCA** 

## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED** 

The trustees present their report and financial statements for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) for Social Housing Providers 2018 and applicable accounting standards, the details are set out further in the basic of preparation and accounting policies on page 11. 

## **Objectives** 

The objects of the Association arise from its acceptance of the Paris Basis 1855 incorporated into the National Statement of the Aims and Purposes of the YMCA in England, adopted at the National Assembly of the English Young Men's Christian Associations in the year 2003, namely: 

_"The YMCA is a Christian Movement which seeks to unite those who, regarding Jesus Christ as their God and Saviour according to the Holy Scriptures, desire to be His disciples in their faith and in their life, and to associate their efforts for the extension of His Kingdom. It welcomes into its fellowship persons of all religious_ 

- In accordance with its Christian values the YMCA stands for: 

   - A worldwide fellowship based on the equal value of all persons 

   - Respect and freedom for all, tolerance and understanding between people of different opinions Active concern for the needs of the community 

   - United effort by Christians of different traditions 

As the expression of its Christian purposes the YMCA aims to: 

- Provide a welcome to its members for themselves in a meeting place which is theirs to share where friendships can be made and counsel sought 

- Develop activities which stimulate and challenge members in an environment that enables them to take responsibility to find a sense of achievement 

- Involve all members in the care and work for others 

- Create opportunities for exchanging views so that members can improve their understanding of the world, of themselves and of one another 

Accordingly, the objects of the Association are: 

- (1) To unite those who, regarding Jesus Christ as their God and Saviour according to the Holy Scriptures, desire to be His disciples in their faith and in their life, and to associate their efforts for the extension of His Kingdom. 

- (2) To lead young people to the Lord Jesus Christ and to fullness of life in Him. 

- (3) To provide or assist in the provision in the interests of social welfare of facilities for recreation and other leisure time occupation for men and women with the object of improving their conditions of life. 

- (4) To provide or assist in the provision of education for persons of all ages with the object of developing their physical, mental or spiritual capacities. 

- (5) To relieve or assist in the relief of persons of all ages who are in conditions of need, hardship or distress by reason of their social, physical or, economic circumstances. 

- (6) To provide short term residential accommodation for persons of all ages who are in conditions of need, hardship or distress by reason of their social, physical or economic circumstances. 

## **Housing Association** 

house on site which became available for use in 2021. This project was self-funded and currently provides us with additional Supported Accommodation for young people in Ripon. 

activities of the organisation meet those requirements. 

24 



## **RIPON YMCA** 

## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED** 

## **ACHIEVEMENTS AND PERFORMANCE** 

The objects of Ripon YMCA are to provide youth and community work within the local area. This is achieved by providing the following quality programme of work in: - 

1. Supported housing for primarily young people aged 16-35. 

2. Programmed projects to develop life skills and employability. 

3. Programmed youth work for young people. 

base. The additional capacity of an extended team has enabled us to develop our services in Supported Housing for young adults. 

Our Youth and Community work has expanded and continues to develop the range of opportunities for young people in Ripon. Several multi-year projects are now funded providing a secure base for Youth Work in the organisation. 

We continue to develop provision and are working towards our 5-year strategic plan. 

Our strategic plan identified 4 Goals for Ripon YMCA: 

1. To provide good quality, safe and secure accommodation in Ripon, helping to ensure the housing needs of young people are appropriately met. 

2. To provide our tenants with a Personalised Support Programme to ensure they achieve their potential. 3. To work with others to ensure young people in Ripon have access to services that support their personal and social development, enabling them to make informed choices about their lives. 

4. Extend our influence in order to raise awareness of youth homelessness and celebrate the positive contribution of young people in our society. 

## **VALUE FOR MONEY METRICS** 

This is a requirement of the Housing Association: 


**----- Start of picture text -----**<br>
2024 2023 NHF*<br>Business Health<br>Operating Margin (overall) %  21% 4% 18.2%<br>Operating Margin (social housing) %  (7%) (2%) 19.8%<br>EBITDA MRI - % of interest cover  0% 0% 128%<br>Development & Capacity<br>New Supply  social housing units %  0% 0% 1.3%<br>New Supply  non-social housing  0% 0% 0.27%<br>units %<br>Gearing %  (82%) (16%) 45%<br>Outcomes<br>Reinvestment %  1% 1% 6.7%<br>Asset Management<br>Return on Capital Employed  11% 1% 2.8%<br>Operating Efficiency<br>Headline social housing cost per unit  £13,578 £10,369 £4,586<br>**----- End of picture text -----**<br>


*figures taken from NHF report 2023 

24 



## **RIPON YMCA** 

## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED** 

## **FINANCIAL REVIEW** 

The charity has made an operating surplus of £87,631 (2023: £10,028). Due to interest received and a revaluation of the buildings, the charity is showing an overall surplus of £123,975. The modest surplus was achieved through accurate financial planning and additional tracking of spend against grant income. Staffing costs have increased to deliver against project work and occupancy has been higher than expected. 

We would like to thank and acknowledge Lloyds Bank Foundation for England and Wales for the unrestricted grant of £25,000 given to increase capacity, and support organisation development.. 

During the year it has come to the trustees attention that the property valuation was inaccurate, therefore a prior year adjustment has been made to correct this error. 

## **RESERVES POLICY** 

The trustees have designated an extra £65,000 to the property development fund to cover various capital projects planned. 

The trustees have designated an extra £5,000 to an organisation development fund for the charities governance and capacity whilst working towards an incorporation structure (CIO). 

The total charity funds at the year-end were £789,415 (2023: £665,440) which includes the revaluation reserve of £30,174 (2023: £19,824). After removing the remaining fixed assets of £494,719 (2023: £474,441), the designated fund of £133,000 (2023: £63,000), the restricted funds of £31,231 (2023: £10,668) and the addition of the restricted creditor of £9,960 (2023: £9,960), this leaves free reserves at £130,465 (2023: £126,289). 

The trustees have decided that free reserves should reflect 6 months of operating costs at £130,500. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

Ripon YMCA is registered with the Housing Association (Number LH3651) and is a registered charity (Number 250986). 

The charity adopted the model constitution of YMCA as amended 5 October 1981, 6 January 1989, 25 May 1994 and 25 May 2005. 

A charitable incorporated organisation (CIO - 1180912) has been registered in November 2018 with the intention to achieve limited liability status, Limited activity has liabilities will be transferred to this new organisation. 

Governance and 

Financial Viability Standard. 

The charity receives Health and Safety, Governance and Legal support via professional consultants. We also look to Community First Yorkshire, NCVO and YMCA E & W for compliance and governance developments. We have also started to utilise the Trusted Charity Standard. 

The Ripon YMCA Board of Trustees can elect up to 10 individuals as trustees. We have a Chairperson, Treasurer and Vice Chairperson. Individuals who are known to the organisation or via professional networks are recruited with a role description, application and vetting process. A basic DBS is carried out and new trustees have an induction process and are required to read The Essential Trustee. A skills audit of trustees is carried out annually to ensure we are meeting the organisation needs. If gaps are identified we will actively recruit via our local infrastructure organisation, or facilities such as www.reachvolunteering.org.uk 

24 



## **RIPON YMCA** 

## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED** 

The trustees are responsible for preparing the report and financial statements in accordance with applicable law and regulations. 

The registered social housing legislation require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its income and expenditure for that period. 

- .   In preparing the financial statements the trustees are required to: - 

- Select suitable accounting policies and apply them consistently; 

- Make judgements and estimates that are reasonable and prudent; 

- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable it to ensure that the financial statements comply with the Housing and Regeneration Act 2008 and The Accounting Direction for private registered providers of social housing in England 2019. They have general responsibility for taking reasonable steps to safeguard the assets of the charity and detect fraud and other irregularities. 

Approved by the trustees 17/07/2024 and signed on their behalf by: 


Sean McKibben - Chair 

24 



## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF** 

## **RIPON YMCA YEAR ENDED 31 MARCH 2024** 

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which comprise the statement of comprehensive income, statement of changes in funds, statement of financial position, statement of cash flows and relevant notes. 

## **Respective responsibilities of the trustees and reporting accountants** 

The trustees of the Registered Social Housing Provider are responsible for the preparation of the accounts, and they consider that the Registered Social Housing Provider is exempt from an audit.  It is our responsibility to carry out procedures designed to enable us to report our opinion. 

## **Basis of opinion** 

Our procedures consisted of comparing the accounts with the accounting records kept by the Registered Social Housing Provider and making such enquiries of the officers of the Registered Social Housing Provider as we considered necessary for the purpose of this report.  These procedures provide the only assurance expressed in our opinion. 

## **Opinion** 

In our opinion: 

- the accounts for year ended 31 March 2024 are in accordance with the accounting records kept by the Registered Social Housing Provider under paragraph 135(2)(a) of the Housing and Regeneration Act 2008; 

- having regard only to, and on the basis of the information contained in the accounting records: 

the accounts comply with the requirements of the Charities Act 2011; 

   - the Registered Social Housing Provider has satisfied the conditions for exemption from an audit of the accounts for the year ended 31 March 2024 specified in section 136(3) of the Housing and Regeneration Act 2008; 

- the accounts comply with the requirements of the Housing and Regeneration Act 2008 and the Accounting Direction for private registered providers of social housing in England 2022. 


Frances Howard Fortus Limited Equinox House, Clifton Park Shipton Road York YO30 5PA 

17/7/24 

24 



## **RIPON YMCA** 

## **STATEMENT OF COMPREHENSIVE INCOME YEAR ENDED 31 MARCH 2024** 

||||||**Restated**|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Note**|**2024**|**2024**|**2024**|**2023**|
|||**£**|**£**|**£**|**£**|
|Turnover||365,833|49,180|415,013|271,986|
|Operating costs|**3**|(298,765)|(28,617)|(327,382)|(261,958)|
|||_______|_______|_______|_______|
|Operating surplus||67,068|20,563|87,631|10,028|
|Interest receivable and similar income||369|-|369|-|
|||_______|_______|_______|_______|
|Surplus/(deficit) for the year on ordinary|activities|67,437|20,563|88,000|10,028|
|||_______|_______|_______|_______|
|Gain / (loss) on revaluation||35,975|-|35,975|(171,516)|
|||_______|_______|_______|_______|
|**Total comprehensive income /(expenditure)**||**103,412**|**20,563**|**123,975**|**(161,488)**|
|**for the year**||_______|_______|_______|_______|



The above figures are derived from continuing operations. 

Approved by the trustees on 17/07/2024 and signed on their behalf by: 


Sean McKibben - Chair 


Anthony Pitt - Treasurer 

24 



## **RIPON YMCA** 

## **STATEMENT OF CHANGES IN RESERVES YEAR ENDED 31 MARCH 2024** 

||**Income and**<br>**Expenditure**|**Designated**<br>**Funds**|**Revaluation**<br>**Reserve**|**Restricted**<br>**Funds**|**Total**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|As at 1 April 2023|**571,948**|**63,000**|**1,050,174**|**10,668**|**1,695,790**|
|Adjustment|-|-|(1,030,350)|-|(1,030,350)|
||______|______|______|______|________|
|Restated at 1 April 2023|571,948|63,000|19,824|-|665,440|
|Transfer|(70,000)|70,000|-|-|-|
|Revaluation Transfer|(35,975)|-|35,975|-|-|
|Total comprehensive|129,037|-|(25,625)|20,563|123,975|
|income for the period||||||
||______|______|______|______|________|
|As at 31 March 2024|595,010|133,000|30,174|31,231|789,415|



`----------------` **Restated 2023** `-------------------` 

||**Income and**<br>**Expenditure**|**Designated**<br>**Funds**|**Revaluation**<br>**Reserve**|**Restricted**<br>**Funds**|**Total**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|As at 1 April 2022|564,669|30,500|191,340|40,419|826,928|
|Transfer|(32,500)|32,500|-|-|-|
|Revaluation Transfer|171,516|-|(171,516)|-|-|
|Total comprehensive|(131,737)|-|-|(29,751)|(161,488)|
|income for the period||||||
||______|______|______|______|________|
|As at 31 March 2023|571,948|63,000|19,824|10,668|665,440|



24 



## **RIPON YMCA** 

## **STATEMENT OF FINANCIAL POSITION YEAR ENDED 31 MARCH 2024** 

|**Note**<br>**Tangible fixed assets**<br>6<br>**Current assets**<br>Debtors and prepayments<br>7<br>Cash at bank and in hand<br>Creditors: Amounts falling due within one year<br>8<br>**Net current assets**<br>Creditors: amounts falling due after one year<br>Defined benefit pension liability                        10<br>**Total net assets**<br>**Reserves**<br>Income and expenditure reserve<br>Designated development fund<br>Designated CIO fund<br>Revaluation reserve<br>12<br>Restricted Funds<br>**Total reserves**|**Restated**<br>**2024**<br>**2023**<br>**£**<br>**£**<br>494,719<br>475,441<br>15,757<br>3,692<br>309,909<br>220,422<br>______<br>______<br>325,666<br>224,114<br>(25,905)<br>(21,268)<br>______<br>______<br>299,761<br>202,846<br>(5,065)<br>(12,847)<br>_______<br>_______<br>789,415<br>665,440<br>569,385<br>571,948<br>113,000<br>48,000<br>20,000<br>15,000<br>55,799<br>19,824<br>31,231<br>10,668<br>_______<br>_______<br>789,415<br>665,440|
|---|---|



The financial statements were approved and authorised for issue by the trustees on 17/07/2024 and signed on their behalf by: 


Sean McKibben - Chair 


Anthony Pitt Treasurer 

The notes on pages Page 11 to Page 21 form part of these accounts. 

24 



## **RIPON YMCA** 

## **STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024** 

||**Note**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
|**Net cash generated from operating activities**|1|**102,946**|**43,205**|
|**Cash flow from investing activities**||||
|Payments to acquire tangible fixed assets||(13,828)|(1,016)|
|Interest received||369|-|
|||______|______|
|**Net cash flow from investing activities**||**(13,459)**|**(1,016)**|
|**Net change in cash and cash equivalents**||**89,487**|**42,189**|
|Cash and cash equivalents at 31 March 2023||220,422|178,233|
|||______|______|
|Cash and cash equivalents at 31 March 2024||309,909|220,422<br>|
|**Notes to the statement of cash flows**||||
|||**2024**|**2023**|
|||**£**|**£**|
|**1. Net cash generated from operating activities**||||
|Surplus for the year||88,000|10,028|
|Interest received||(369)|-|
|Depreciation and loss on disposal||30,525|10,351|
|Decrease/(increase) in debtors||(12,065)|20,203|
|(Decrease)/increase in creditors||(3,145)|2,623|
|||______|______|
|**Net cash flow from operating activities**||**102,946**|**43,205**<br>|



24 



## **RIPON YMCA** 

**NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 1. **ACCOUNTING POLICIES** 

## **Statutory information** 

Ripon YMCA is a registered charity in England & Wales and registered with the housing association. The registered address and place of business is 4 Water Skellgate, Ripon, North Yorkshire, HG4 1BQ. 

## **Basis of preparation** 

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 _The Financial Reporting Standard Applicable in the UK and Republic of Ireland_ (FRS 102), the Statement of Recommended Practice for Social Housing Providers 2018, and with the Accounting Direction for private registered providers of social housing in England 2022.  The financial statements are also prepared under the requirements of the Housing and Regeneration Act 2008. 

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.  The financial statements are prepared in sterling, which is the functional currency of the charity. 

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The requirements of the SORP: Accounting by Registered Social Housing Providers 2018 relating to component accounting has not been followed by the trustees as they do not feel that it would add any benefit for the users of the accounts. 

## **Going concern** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **Tangible fixed assets and depreciation** 

Expenditure on fixed assets costing more than £250 is capitalised. 

Freehold land is not depreciated.  Depreciation of other assets is calculated to write off the excess of cost over estimated residual value evenly over their expected useful lives as follows subject to annual review: 

|Housing property|2.5%|Straight line|
|---|---|---|
|Hall area|2.5%|Straight line|
|Housing furniture & equipment|25%|Reducing balance|
|Vehicles|25%|Reducing balance|
|Hall area furniture & equipment|25%|Reducing balance|



## **Revaluation Policy** 

The trustees have decided to obtain a commercial revaluation of the property every 3 years and to request a professional review of the valuation on an annual basis. 

## **Turnover** 

All income is included in the statement of comprehensive income when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

24 



**RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 1. **ACCOUNTING POLICIES (continued)** 

## **Grants** 

Income from donations and grants, including capital grants, are included in income when these are receivable, except as follows: 

- When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods. 

- When donors impose conditions, which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in income until the pre-conditions for use have been met. 

When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in income of restricted funds when receivable. 

## **Operating costs** 

Expenditure is included in the statement of comprehensive income on an 

basis. 

## **Pension** 

Ripon YMCA participated in a multi-employer defined benefit pension plan for employees of YMCAs in England, Scotland and Wales, which was closed to new members and accruals on 30 April 2007. Due to and liabilities relating to Ripon YMCA **.** 

As described in note 11 Ripon YMCA has a contractual obligation to make pension deficit payments of £2469.18 per annum over the period to May 2027, accordingly this is shown as a liability in note 11 to these accounts. In addition, Ripon YMCA is required to contribute £786.98 per annum to the operating expense of the pension plan and these costs are charged to the statement of comprehensive income as made. 

New members auto enrol into the NEST pension scheme. The costs are charged to the statement of comprehensive income as incurred. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

## **Designated funds** 

Designated funds are part of unrestricted funds which have been earmarked by the board for a particular purpose.   Such designations may be reversed by future board decisions.  Expenditure cannot be directly set against designated reserves but it can be taken through the income and expenditure account.  A transfer is then made from designated funds as appropriate. 

## **Restricted funds** 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

|2.|**SOCIAL HOUSING TURNOVER AND COSTS**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Social housing lettings|276,224|220,525|
||Service charges receivable|3,250|3,593|
|||_______|_______|
||Total turnover from social housing lettings|279,474|224,118|
||Social housing activity expenditure|(298,705)|(228,115)|
|||_______|_______|
||Operating (deficit) from social housing activities|(19,231)|(3,997)<br>|



3. **OPERATING COSTS 2024** 

|**Unrestricted**<br>**Restricted**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Staff costs<br>173,224<br>17,727<br>Facilities management<br>104,670<br>8,542<br>Administration costs<br>25,509<br>2,348<br>Pension fund deficit<br>(4,638)<br>-<br>_______<br>_______<br><br>298,765<br>28,617<br>Housing expenditure<br>298,705<br>-<br>Non-housing expenditure<br>60<br>28,617<br>_______<br>_______<br><br>298,765<br>28,617|**Total**<br>**2024**<br>**£**<br>190,951<br>113,212<br>27,857<br>(4,638)<br>_______<br>327,382|
|---|---|
||298,705<br>28,677<br>_______<br>327,382|



Included in administration costs is the independent examination fee of £2,309 (2023: £2,178). 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 3. **OPERATING COSTS 2023** 

|**Unrestricted**<br>**Restricted**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>Staff costs<br>129,689<br>35,611<br>Facilities management<br>62,925<br>10,170<br>Administration costs<br>14,613<br>7,454<br>Pension fund deficit<br>1,496<br>-<br>_______<br>_______<br><br>208,723<br>53,235<br>Housing expenditure<br>208,723<br>19,392<br>Non-housing expenditure<br>-<br>33,843<br>_______<br>_______<br><br>208,723<br>53,235|**Total**<br>**2023**<br>**£**<br>165,300<br>73,095<br>22,067<br>1,496<br>_______<br>261,958|
|---|---|
||228,115<br>33,843<br>_______<br>261,958|



24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 4. **STAFF COSTS** 

|Wages and salaries<br>Social Security<br>Pension<br>Pension fund deficit<br>Other costs<br> <br>Total staff costs<br>Average number of employees (FTE)<br>Average number of employees<br>FTE is based upon 37 hours per week.|**2024**<br>**£**<br>170,353<br>9,727<br>3,766<br>(4,638)<br>7,105<br>_______<br> <br>186,313<br>5.65<br>9|**2023**<br>**£**<br>148,726<br>8,768<br>3,261<br>1,496<br>14,545<br>_______<br>176,796<br> <br>4.97<br>8<br>|
|---|---|---|



There are no employees who received more than £60,000 as their employee package. (2023: no employees) 

## 5 **. TRUSTEES AND KEY MANAGEMENT PERSONNEL REMUNERATION** 

The total remuneration for key management personnel amounted to £37,830 (2023: £34,475). 

The chief executive is a member of a workplace NEST pension scheme; £920 (2023: £731 in pension contributions were made on behalf of the chief executive. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 6. **TANGIBLE FIXED ASSETS** 

||||||**Housing**||**Hall area**||
|---|---|---|---|---|---|---|---|---|
||**Freehold**||**Housing**|**Hall Area**|**furniture &**||**furniture**||
|||**Land**|**property**||**equipment**|**Vehicles**|**& equip**|**Total**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|**Cost/valuation**|||||||||
|As at 31 March 2023||92,800|1,100,000|300,000|137,043|-|37,634|1,667,477|
|Adjustment||-|(730,350)|(300,000)|<br>-|-|-|(1,030,350)|
||||||______||||
|Restated at 1 April 2023||92,800|369,650|-|137,043|-|37,634|637,127|
|Additions||-|-|-|3,628|10,200|-|13,828|
|Disposals||-|-|-|(3,910)|-|-|(3,910)|
|Revaluation||-|10,350|-|-|-|-|10,350|
||||||||||
||||||______||||
|As at 31 March 2024||92,800|380,000|-|136,761|10,200|37,634|657,395<br>|
|**Depreciation**|||||||||
|As at 31 March 2023||-|-|-|124,682|-|37,004|161,686|
|Depreciation charge||-|25,625|-|3,546|209|157|29,537|
|Depreciation on disposal||<br>-|-|-|(2,922)|-|-|(2,922)|
|Depreciation eliminated||-|(25,625)|-|-|-|-|(25,625)|
|On revaluation|||||||||
|As at 31 March 2024||-|-|-|125,306|209|37,161|162,676<br>|
|**Net book value**|||||||||
|as at 31 March 2024||92,800|380,000|-|11,455|9,991|473|494,719<br>|
|**Net Book value**||92,800|369,650|-|12,361|-|630|475,441|
|as at 31 March 2023|||||||||



Housing Property and Hall Area were revalued on 20 March 2024 by Kempston-Parkes Chartered Surveyors, to show them at fair value. The original cost was £349,826. Hall area is included in the revaluation of Housing Property. 

|7.|**DEBTORS AND PREPAYMENTS**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Gross social housing rent owed|3,439|2,501|
||Other debtors|95|100|
||Prepayments|12,223|1,091|
|||______|______|
|||15,757|3,692|



24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

|8.**CREDITORS: AMOUNTS FALLING**<br>**DUE WITHIN ONE YEAR**<br>Trade creditors<br>Other creditors<br>Other taxation and social security<br>Accruals<br>Pension deficit liability<br>note 11<br>Deferred income                                                         note 9<br> <br>9.**DEFERRED INCOME**<br>At 1 April 2023<br>Additions during the year<br>Amounts released to income<br> <br>At 31 March 2024<br>The deferred income relates to grants for future period projects.|<br>|**2024**<br>**£**<br>5,305<br>-<br>4,413<br>3,733<br>2,494<br>9,960<br>______<br>25,905<br>**Total**<br>**2024**<br>**£**<br>9,960<br>9,960<br>(9,960)<br>9,960|<br>|**2023**<br>**£**<br>1,250<br>4<br>4,078<br>3,219<br>2,757<br>9,960<br>______<br>21,268<br>|
|---|---|---|---|---|
|||||**Total**<br>**2023**<br>**£**<br>-<br>9,960<br>-<br>|
|||||9,960|
||||||



|10.**CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR**|10.**CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR**|||
|---|---|---|---|
|||**2024**|**2023**|
|||**£**|**£**|
|Pension deficit liability|note 11|5,065|12,847|



## 11. **PENSION COMMITMENT** 

Ripon YMCA participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCAs England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of Ripon YMCA and at the year-end these were invested in the Mercer Dynamic Derisking Solution, 65% matching portfolio and 35% in the growth portfolio and Schroder (property units only). 

The most recent completed three year valuation was at 1[st] May 2023. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets of 4.56%, the increase in pensions in payment of 3.18% (for RPI capped at 5% pa), and the average life expectancy from normal retirement age (of 65) for a current male pensioner of 21.5 years, female 24.0 years, and 23.1 years for a male pensioner, female 25.7 years, retiring in 20 ime. The result of the valuation showed that the actuarial value of the assets was £103.1m which represented 92% of the benefits that had accrued to members. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 11. **PENSION COMMITMENT (continued)** 

The pension plan was closed to new members and future service accrual with effect from 30 April 2007. With the removal of the salary linkage for benefits, all employed deferred members became deferred members as from 1 May 2011. 

The valuation prepared as at 1 May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 million. Ripon YMCA has been advised that it will need to make monthly contributions of £271.34 from 1 May 2024. This amount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual performance of the pension plan. Agreed future deficit contributions have been discounted using a rate of 1% (2023: 3%) The current recovery period is 3 years commencing 1 May 2024. 

|**Within One to Two Two to Five**<br>**After Five Total After**<br>**one year**<br>**years**<br>**years**<br>**years more than**<br>**one year**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>As at 31 March 2024<br>2,494<br>2,445<br>2,620<br>-<br>5,065<br>As at 31 March 2023<br>2,757<br>2,684<br>7,591<br>2,572<br>12,847|**Total**<br>**2023**<br>**£**<br>7,559<br>|
|---|---|
||15,604|



In addition, Ripon YMCA may have over time liabilities in the event of the non-payment by other participating YMCAs of their share of the YMCA pension p amount that Ripon YMCA may be called upon to pay in the future. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

|12.<br> **ANALYSIS OF FUNDS**||||||||
|---|---|---|---|---|---|---|---|
||**Reinstated**|||||||
||Balance b/fwd|||||Balance c/fwd||
||1 April|2023|Income|Expenditure|Transfers|31 March 2024||
||£||£|£|£|£||
|**Unrestricted Funds**||||||||
|General Funds|571,948||402,177|(273,140)|(105,975)|595,010||
|Revaluation Reserve||19,824|-|(25,625)|35,975||30,174|
|_Designated Funds:_||||||||
|Property Development Fund||48,000|-|-|65,000|113,000||
|Organisational Development Fund||15,000|-|-|5,000||20,000|
||______||______|______|______|______||
|**Total Unrestricted Funds**|654,772<br>||402,177|(298,765)<br>|-|758,184<br>||
|**Restricted Funds**||||||||
|Sainsburys Neighbourly Grants||3,032|-|(1,999)|-||1,033|
|YMCA ERF (TCS)||1,413|-|(1,413)|-||-|
|BBC Children in Need||1,223|9,960|(11,183)|-||-|
|NYCC Locality Fund||5,000|1,000|(5,443)|-||557|
|National Lottery Community Fund;||-|34,750|(5,109)|-||29,641|
|RC Yorkshire & Humber Region||||||||
|Ripon City Council||-|3,470|(3,470)|-||-|
||______||______|______|______|______||
|**Total Restricted Funds**||10,668<br>|49,180|(28,617)<br>|-||31,231<br>|
|**Total Funds**|665,440||451,357|(327,382)|-|789,415||



The revaluation reserve represented the cumulative effect of revaluation of tangible fixed assets. It is the difference between the net book value of the properties and the cost. 

## **Designated funds** 

Property Development Fund - funds set aside to cover various capital projects planned. 

Organisation Development Fund funds for the development of the charities governance and capacity whilst working towards an incorporated structure (CIO). expected that additional funds will be required for this project and we are exploring options including fundraising. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 12. **ANALYSIS OF FUNDS (continued)** 

## **Restricted funds** 

**Sainsburys Neighbourly Grants** - A grant to support education and provide food support for tenants and vulnerable young people in Ripon. 

**YMCA ERF (TCS)-** Capacity building grant to support Ripon and Ryedale YMCA to move towards trusted charity status and develop a package of policy which can be shared across the YMCA federation. 

**BBC Children in Need** - Funding to deliver a Young Leaders programme for young people who lack opportunities to be active or to access education, skills and training. 

**NYC Locality Fund** - - engaging with 12-18 year olds in Ripon to provide an environment they can talk to youth workers about a wide range of issues. £1,000 additional funding to provide uniform for staff. 

**National Lottery Community Fund; RC Yorkshire and Humber Region** are providing 3 years of staged funding started in September 2023. The project is delivering a range of activities, early intervention opportunities, and support for young people and young adults in Ripon. 

**Ripon City Council Partnership Fund** - Funding to support Ripon YMCA in the facilitating of 3 projects: Ripon Youth Work Partnership, Ripon Youth Volunteering Network, and Teen Talk. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 12. **ANALYSIS OF FUNDS (Continued)** 

## **Restated 2023** 

|**estated 2023**|**estated 2023**|||||
|---|---|---|---|---|---|
|Balance b/fwd|||||Balance c/fwd|
|1|April 2022|Income|Expenditure|Transfers|31 March|
||||||2023|
||£|£|£|£<br>|£|
|**Unrestricted Funds**||||||
|General Funds|564,669|248,502|(380,239)|139,016|571,948|
|Revaluation Reserve|191,340|-|-|(171,516)|19,824|
|Designated Funds:||||||
|Property Development Fund|30,500|-|-<br>|17,500|48,000|
|Organisational Dev Fund|-|-|-|15,000|15,000|
||______|_____|______|_____|______|
|**Total Unrestricted Funds**|**786,509**|**248,502**|**(380,239)**|**-**|**654,772**|
|**Restricted Funds**||||||
|Coronavirus Community fund|3,470|-|(3,470)|-|-|
|Tackling inequalities fund|2,519|-|(2,519)|-|-|
|Works for you project fund|16,500|-|(16,500)|-|-|
|Co-op local community fund|373|-|(373)|-|-|
|Sainsburys neighbourly grant|4,427|-|(1,395)|-|3,032|
|The National Lottery Fund|4,518|-|(4,518)|-|-|
|YMCA ERF (TCS)|3,863|-|(2,450)|-|1,413|
|NYPFCC|4,749|-|(4,749)|-|-|
|Barclay Sported|-|500|(500)|-|-|
|Community Alcohol Partnership|-|199|(199)|-|-|
|Ripon Masonic lodge|-|1,000|(1,000)|-|-|
|North Yorks Sports (Spark)|-|4,825|(4,825)|-|-|
|NYCC Early Help- Get Going|-|2,000|(2,000)|-|-|
|BBC Children in Need|-|9,960|(8,737)|-|1,223|
|NYCC Locality Fund|-|5,000|-|-|5,000|
||_____|_____|______|_____|______|
|**Total Restricted Funds**|**40,419**|**23,484**|**(53,235)**|**-**|**10,668**|
|**Total Funds**|826,928|271,986|(433,474)|-|665,440|



24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 13. **OTHER FINANCIAL COMMITMENTS** 

At 31 March 2024 the charity had total commitments under non-cancellable operating leases 

||2024|2023|
|---|---|---|
||£|£|
|Within one year|2,501|2,563|
|Within two to five years|8,755|2,683|
|Over 5 years|6,384|-|
||_____|_____|
||17,640|5,246|



## 14. **RELATED PARTY TRANSACTIONS** 

£95 is owed by Ripon YMCA CIO (2023: £4 owing to Ripon YMCA CIO) 

## 15. **CONTINGENT LIABILITY** 

Over the years the Housing Association has provided grants to help with the improvements to the social housing property. If the properties were to be sold these grants would become repayable. These amount to £311,943. 

## **16. PRIOR YEAR ADJUSTMENT** 

During the year it has come to the trustees attention that the property valuation was inaccurate so an adjustment has been made to correct the error. This has had the effect of: 

|**Property fixed asset**<br>Value at 31 March 2023<br>Prior year adjustment<br>Restated value at 31 March 2023<br>**Funds**<br>Funds at 31 March 2023<br>Prior year adjustment<br>Funds at 31 March 2024|£<br>1,400,000<br>(1,030,350)<br>__________<br>**369,650**<br>|
|---|---|
||1,695,790<br>(1,030,350)<br>__________<br>**665,440**<br>|



24 



**RIPON YOUNG MEN S CHRISTIAN ASSOCIATION (KNOWN AS RIPON YMCA)** 

## **FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED** 

**31 MARCH 2024** 

Charity Number 250986 

Housing Association Number LH3651 




## **RIPON YMCA** 

|**I N D E X**|**I N D E X**||**P A G E**|
|---|---|---|---|
|__________________________________________________________________________________||||
|TRUSTEES REPORT|||1-5|
||||6|
|STATEMENT OF COMPREHENSIVE INCOME|||7|
|STATEMENT OF CHANGES IN RESERVES|||8|
|STATEMENT OF FINANCIAL POSITION|||9|
|STATEMENT OF CASH FLOWS AND NOTES TO STATEMENT OF CASH FLOWS|||10|
|NOTES TO THE FINANCIAL STATEMENTS|||11-22|





## **RIPON YMCA TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024** 

## **REFERENCE AND ADMINISTRATIVE INFORMATION** 

**Charity Number Registered Address** 

250986 

4-5 Water Skellgate Ripon North Yorkshire HG4 1BQ 

**Patron** 

Jo Ropner LL 

**Trustees** 

Chairperson Treasurer Vice Chair Additional trustees: 

Sean McKibben Anthony Pitt Post currently vacant Kari Munro (resigned 19[th] July 2023) Jo Thackwray Rebecca Mian Yvonne Agars Vicky Hogg (appointed 19[th] July 2023) 

**Key Management Personnel Principal Bankers** 

Lucy Downes 

HSBC plc 34 Westgate, Ripon, North Yorkshire 

**Independent Examiner** 

Frances Howard Fortus Limited Equinox House, Clifton Park Shipton Road York YO30 5PA 

24 



## **RIPON YMCA** 

## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED** 

The trustees present their report and financial statements for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) for Social Housing Providers 2018 and applicable accounting standards, the details are set out further in the basic of preparation and accounting policies on page 11. 

## **Objectives** 

The objects of the Association arise from its acceptance of the Paris Basis 1855 incorporated into the National Statement of the Aims and Purposes of the YMCA in England, adopted at the National Assembly of the English Young Men's Christian Associations in the year 2003, namely: 

_"The YMCA is a Christian Movement which seeks to unite those who, regarding Jesus Christ as their God and Saviour according to the Holy Scriptures, desire to be His disciples in their faith and in their life, and to associate their efforts for the extension of His Kingdom. It welcomes into its fellowship persons of all religious_ 

- In accordance with its Christian values the YMCA stands for: 

   - A worldwide fellowship based on the equal value of all persons 

   - Respect and freedom for all, tolerance and understanding between people of different opinions Active concern for the needs of the community 

   - United effort by Christians of different traditions 

As the expression of its Christian purposes the YMCA aims to: 

- Provide a welcome to its members for themselves in a meeting place which is theirs to share where friendships can be made and counsel sought 

- Develop activities which stimulate and challenge members in an environment that enables them to take responsibility to find a sense of achievement 

- Involve all members in the care and work for others 

- Create opportunities for exchanging views so that members can improve their understanding of the world, of themselves and of one another 

Accordingly, the objects of the Association are: 

- (1) To unite those who, regarding Jesus Christ as their God and Saviour according to the Holy Scriptures, desire to be His disciples in their faith and in their life, and to associate their efforts for the extension of His Kingdom. 

- (2) To lead young people to the Lord Jesus Christ and to fullness of life in Him. 

- (3) To provide or assist in the provision in the interests of social welfare of facilities for recreation and other leisure time occupation for men and women with the object of improving their conditions of life. 

- (4) To provide or assist in the provision of education for persons of all ages with the object of developing their physical, mental or spiritual capacities. 

- (5) To relieve or assist in the relief of persons of all ages who are in conditions of need, hardship or distress by reason of their social, physical or, economic circumstances. 

- (6) To provide short term residential accommodation for persons of all ages who are in conditions of need, hardship or distress by reason of their social, physical or economic circumstances. 

## **Housing Association** 

house on site which became available for use in 2021. This project was self-funded and currently provides us with additional Supported Accommodation for young people in Ripon. 

activities of the organisation meet those requirements. 

24 



## **RIPON YMCA** 

## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED** 

## **ACHIEVEMENTS AND PERFORMANCE** 

The objects of Ripon YMCA are to provide youth and community work within the local area. This is achieved by providing the following quality programme of work in: - 

1. Supported housing for primarily young people aged 16-35. 

2. Programmed projects to develop life skills and employability. 

3. Programmed youth work for young people. 

base. The additional capacity of an extended team has enabled us to develop our services in Supported Housing for young adults. 

Our Youth and Community work has expanded and continues to develop the range of opportunities for young people in Ripon. Several multi-year projects are now funded providing a secure base for Youth Work in the organisation. 

We continue to develop provision and are working towards our 5-year strategic plan. 

Our strategic plan identified 4 Goals for Ripon YMCA: 

1. To provide good quality, safe and secure accommodation in Ripon, helping to ensure the housing needs of young people are appropriately met. 

2. To provide our tenants with a Personalised Support Programme to ensure they achieve their potential. 3. To work with others to ensure young people in Ripon have access to services that support their personal and social development, enabling them to make informed choices about their lives. 

4. Extend our influence in order to raise awareness of youth homelessness and celebrate the positive contribution of young people in our society. 

## **VALUE FOR MONEY METRICS** 

This is a requirement of the Housing Association: 


**----- Start of picture text -----**<br>
2024 2023 NHF*<br>Business Health<br>Operating Margin (overall) %  21% 4% 18.2%<br>Operating Margin (social housing) %  (7%) (2%) 19.8%<br>EBITDA MRI - % of interest cover  0% 0% 128%<br>Development & Capacity<br>New Supply  social housing units %  0% 0% 1.3%<br>New Supply  non-social housing  0% 0% 0.27%<br>units %<br>Gearing %  (82%) (16%) 45%<br>Outcomes<br>Reinvestment %  1% 1% 6.7%<br>Asset Management<br>Return on Capital Employed  11% 1% 2.8%<br>Operating Efficiency<br>Headline social housing cost per unit  £13,578 £10,369 £4,586<br>**----- End of picture text -----**<br>


*figures taken from NHF report 2023 

24 



## **RIPON YMCA** 

## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED** 

## **FINANCIAL REVIEW** 

The charity has made an operating surplus of £87,631 (2023: £10,028). Due to interest received and a revaluation of the buildings, the charity is showing an overall surplus of £123,975. The modest surplus was achieved through accurate financial planning and additional tracking of spend against grant income. Staffing costs have increased to deliver against project work and occupancy has been higher than expected. 

We would like to thank and acknowledge Lloyds Bank Foundation for England and Wales for the unrestricted grant of £25,000 given to increase capacity, and support organisation development.. 

During the year it has come to the trustees attention that the property valuation was inaccurate, therefore a prior year adjustment has been made to correct this error. 

## **RESERVES POLICY** 

The trustees have designated an extra £65,000 to the property development fund to cover various capital projects planned. 

The trustees have designated an extra £5,000 to an organisation development fund for the charities governance and capacity whilst working towards an incorporation structure (CIO). 

The total charity funds at the year-end were £789,415 (2023: £665,440) which includes the revaluation reserve of £30,174 (2023: £19,824). After removing the remaining fixed assets of £494,719 (2023: £474,441), the designated fund of £133,000 (2023: £63,000), the restricted funds of £31,231 (2023: £10,668) and the addition of the restricted creditor of £9,960 (2023: £9,960), this leaves free reserves at £130,465 (2023: £126,289). 

The trustees have decided that free reserves should reflect 6 months of operating costs at £130,500. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

Ripon YMCA is registered with the Housing Association (Number LH3651) and is a registered charity (Number 250986). 

The charity adopted the model constitution of YMCA as amended 5 October 1981, 6 January 1989, 25 May 1994 and 25 May 2005. 

A charitable incorporated organisation (CIO - 1180912) has been registered in November 2018 with the intention to achieve limited liability status, Limited activity has liabilities will be transferred to this new organisation. 

Governance and 

Financial Viability Standard. 

The charity receives Health and Safety, Governance and Legal support via professional consultants. We also look to Community First Yorkshire, NCVO and YMCA E & W for compliance and governance developments. We have also started to utilise the Trusted Charity Standard. 

The Ripon YMCA Board of Trustees can elect up to 10 individuals as trustees. We have a Chairperson, Treasurer and Vice Chairperson. Individuals who are known to the organisation or via professional networks are recruited with a role description, application and vetting process. A basic DBS is carried out and new trustees have an induction process and are required to read The Essential Trustee. A skills audit of trustees is carried out annually to ensure we are meeting the organisation needs. If gaps are identified we will actively recruit via our local infrastructure organisation, or facilities such as www.reachvolunteering.org.uk 

24 



## **RIPON YMCA** 

## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED** 

The trustees are responsible for preparing the report and financial statements in accordance with applicable law and regulations. 

The registered social housing legislation require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its income and expenditure for that period. 

- .   In preparing the financial statements the trustees are required to: - 

- Select suitable accounting policies and apply them consistently; 

- Make judgements and estimates that are reasonable and prudent; 

- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable it to ensure that the financial statements comply with the Housing and Regeneration Act 2008 and The Accounting Direction for private registered providers of social housing in England 2019. They have general responsibility for taking reasonable steps to safeguard the assets of the charity and detect fraud and other irregularities. 

Approved by the trustees 17/07/2024 and signed on their behalf by: 


Sean McKibben - Chair 

24 



## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF** 

## **RIPON YMCA YEAR ENDED 31 MARCH 2024** 

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which comprise the statement of comprehensive income, statement of changes in funds, statement of financial position, statement of cash flows and relevant notes. 

## **Respective responsibilities of the trustees and reporting accountants** 

The trustees of the Registered Social Housing Provider are responsible for the preparation of the accounts, and they consider that the Registered Social Housing Provider is exempt from an audit.  It is our responsibility to carry out procedures designed to enable us to report our opinion. 

## **Basis of opinion** 

Our procedures consisted of comparing the accounts with the accounting records kept by the Registered Social Housing Provider and making such enquiries of the officers of the Registered Social Housing Provider as we considered necessary for the purpose of this report.  These procedures provide the only assurance expressed in our opinion. 

## **Opinion** 

In our opinion: 

- the accounts for year ended 31 March 2024 are in accordance with the accounting records kept by the Registered Social Housing Provider under paragraph 135(2)(a) of the Housing and Regeneration Act 2008; 

- having regard only to, and on the basis of the information contained in the accounting records: 

the accounts comply with the requirements of the Charities Act 2011; 

   - the Registered Social Housing Provider has satisfied the conditions for exemption from an audit of the accounts for the year ended 31 March 2024 specified in section 136(3) of the Housing and Regeneration Act 2008; 

- the accounts comply with the requirements of the Housing and Regeneration Act 2008 and the Accounting Direction for private registered providers of social housing in England 2022. 


Frances Howard Fortus Limited Equinox House, Clifton Park Shipton Road York YO30 5PA 

17/7/24 

24 



## **RIPON YMCA** 

## **STATEMENT OF COMPREHENSIVE INCOME YEAR ENDED 31 MARCH 2024** 

||||||**Restated**|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Note**|**2024**|**2024**|**2024**|**2023**|
|||**£**|**£**|**£**|**£**|
|Turnover||365,833|49,180|415,013|271,986|
|Operating costs|**3**|(298,765)|(28,617)|(327,382)|(261,958)|
|||_______|_______|_______|_______|
|Operating surplus||67,068|20,563|87,631|10,028|
|Interest receivable and similar income||369|-|369|-|
|||_______|_______|_______|_______|
|Surplus/(deficit) for the year on ordinary|activities|67,437|20,563|88,000|10,028|
|||_______|_______|_______|_______|
|Gain / (loss) on revaluation||35,975|-|35,975|(171,516)|
|||_______|_______|_______|_______|
|**Total comprehensive income /(expenditure)**||**103,412**|**20,563**|**123,975**|**(161,488)**|
|**for the year**||_______|_______|_______|_______|



The above figures are derived from continuing operations. 

Approved by the trustees on 17/07/2024 and signed on their behalf by: 


Sean McKibben - Chair 


Anthony Pitt - Treasurer 

24 



## **RIPON YMCA** 

## **STATEMENT OF CHANGES IN RESERVES YEAR ENDED 31 MARCH 2024** 

||**Income and**<br>**Expenditure**|**Designated**<br>**Funds**|**Revaluation**<br>**Reserve**|**Restricted**<br>**Funds**|**Total**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|As at 1 April 2023|**571,948**|**63,000**|**1,050,174**|**10,668**|**1,695,790**|
|Adjustment|-|-|(1,030,350)|-|(1,030,350)|
||______|______|______|______|________|
|Restated at 1 April 2023|571,948|63,000|19,824|-|665,440|
|Transfer|(70,000)|70,000|-|-|-|
|Revaluation Transfer|(35,975)|-|35,975|-|-|
|Total comprehensive|129,037|-|(25,625)|20,563|123,975|
|income for the period||||||
||______|______|______|______|________|
|As at 31 March 2024|595,010|133,000|30,174|31,231|789,415|



`----------------` **Restated 2023** `-------------------` 

||**Income and**<br>**Expenditure**|**Designated**<br>**Funds**|**Revaluation**<br>**Reserve**|**Restricted**<br>**Funds**|**Total**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|As at 1 April 2022|564,669|30,500|191,340|40,419|826,928|
|Transfer|(32,500)|32,500|-|-|-|
|Revaluation Transfer|171,516|-|(171,516)|-|-|
|Total comprehensive|(131,737)|-|-|(29,751)|(161,488)|
|income for the period||||||
||______|______|______|______|________|
|As at 31 March 2023|571,948|63,000|19,824|10,668|665,440|



24 



## **RIPON YMCA** 

## **STATEMENT OF FINANCIAL POSITION YEAR ENDED 31 MARCH 2024** 

|**Note**<br>**Tangible fixed assets**<br>6<br>**Current assets**<br>Debtors and prepayments<br>7<br>Cash at bank and in hand<br>Creditors: Amounts falling due within one year<br>8<br>**Net current assets**<br>Creditors: amounts falling due after one year<br>Defined benefit pension liability                        10<br>**Total net assets**<br>**Reserves**<br>Income and expenditure reserve<br>Designated development fund<br>Designated CIO fund<br>Revaluation reserve<br>12<br>Restricted Funds<br>**Total reserves**|**Restated**<br>**2024**<br>**2023**<br>**£**<br>**£**<br>494,719<br>475,441<br>15,757<br>3,692<br>309,909<br>220,422<br>______<br>______<br>325,666<br>224,114<br>(25,905)<br>(21,268)<br>______<br>______<br>299,761<br>202,846<br>(5,065)<br>(12,847)<br>_______<br>_______<br>789,415<br>665,440<br>569,385<br>571,948<br>113,000<br>48,000<br>20,000<br>15,000<br>55,799<br>19,824<br>31,231<br>10,668<br>_______<br>_______<br>789,415<br>665,440|
|---|---|



The financial statements were approved and authorised for issue by the trustees on 17/07/2024 and signed on their behalf by: 


Sean McKibben - Chair 


Anthony Pitt Treasurer 

The notes on pages Page 11 to Page 21 form part of these accounts. 

24 



## **RIPON YMCA** 

## **STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024** 

||**Note**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
|**Net cash generated from operating activities**|1|**102,946**|**43,205**|
|**Cash flow from investing activities**||||
|Payments to acquire tangible fixed assets||(13,828)|(1,016)|
|Interest received||369|-|
|||______|______|
|**Net cash flow from investing activities**||**(13,459)**|**(1,016)**|
|**Net change in cash and cash equivalents**||**89,487**|**42,189**|
|Cash and cash equivalents at 31 March 2023||220,422|178,233|
|||______|______|
|Cash and cash equivalents at 31 March 2024||309,909|220,422<br>|
|**Notes to the statement of cash flows**||||
|||**2024**|**2023**|
|||**£**|**£**|
|**1. Net cash generated from operating activities**||||
|Surplus for the year||88,000|10,028|
|Interest received||(369)|-|
|Depreciation and loss on disposal||30,525|10,351|
|Decrease/(increase) in debtors||(12,065)|20,203|
|(Decrease)/increase in creditors||(3,145)|2,623|
|||______|______|
|**Net cash flow from operating activities**||**102,946**|**43,205**<br>|



24 



## **RIPON YMCA** 

**NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 1. **ACCOUNTING POLICIES** 

## **Statutory information** 

Ripon YMCA is a registered charity in England & Wales and registered with the housing association. The registered address and place of business is 4 Water Skellgate, Ripon, North Yorkshire, HG4 1BQ. 

## **Basis of preparation** 

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 _The Financial Reporting Standard Applicable in the UK and Republic of Ireland_ (FRS 102), the Statement of Recommended Practice for Social Housing Providers 2018, and with the Accounting Direction for private registered providers of social housing in England 2022.  The financial statements are also prepared under the requirements of the Housing and Regeneration Act 2008. 

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.  The financial statements are prepared in sterling, which is the functional currency of the charity. 

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The requirements of the SORP: Accounting by Registered Social Housing Providers 2018 relating to component accounting has not been followed by the trustees as they do not feel that it would add any benefit for the users of the accounts. 

## **Going concern** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **Tangible fixed assets and depreciation** 

Expenditure on fixed assets costing more than £250 is capitalised. 

Freehold land is not depreciated.  Depreciation of other assets is calculated to write off the excess of cost over estimated residual value evenly over their expected useful lives as follows subject to annual review: 

|Housing property|2.5%|Straight line|
|---|---|---|
|Hall area|2.5%|Straight line|
|Housing furniture & equipment|25%|Reducing balance|
|Vehicles|25%|Reducing balance|
|Hall area furniture & equipment|25%|Reducing balance|



## **Revaluation Policy** 

The trustees have decided to obtain a commercial revaluation of the property every 3 years and to request a professional review of the valuation on an annual basis. 

## **Turnover** 

All income is included in the statement of comprehensive income when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

24 



**RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 1. **ACCOUNTING POLICIES (continued)** 

## **Grants** 

Income from donations and grants, including capital grants, are included in income when these are receivable, except as follows: 

- When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods. 

- When donors impose conditions, which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in income until the pre-conditions for use have been met. 

When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in income of restricted funds when receivable. 

## **Operating costs** 

Expenditure is included in the statement of comprehensive income on an 

basis. 

## **Pension** 

Ripon YMCA participated in a multi-employer defined benefit pension plan for employees of YMCAs in England, Scotland and Wales, which was closed to new members and accruals on 30 April 2007. Due to and liabilities relating to Ripon YMCA **.** 

As described in note 11 Ripon YMCA has a contractual obligation to make pension deficit payments of £2469.18 per annum over the period to May 2027, accordingly this is shown as a liability in note 11 to these accounts. In addition, Ripon YMCA is required to contribute £786.98 per annum to the operating expense of the pension plan and these costs are charged to the statement of comprehensive income as made. 

New members auto enrol into the NEST pension scheme. The costs are charged to the statement of comprehensive income as incurred. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

## **Designated funds** 

Designated funds are part of unrestricted funds which have been earmarked by the board for a particular purpose.   Such designations may be reversed by future board decisions.  Expenditure cannot be directly set against designated reserves but it can be taken through the income and expenditure account.  A transfer is then made from designated funds as appropriate. 

## **Restricted funds** 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

|2.|**SOCIAL HOUSING TURNOVER AND COSTS**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Social housing lettings|276,224|220,525|
||Service charges receivable|3,250|3,593|
|||_______|_______|
||Total turnover from social housing lettings|279,474|224,118|
||Social housing activity expenditure|(298,705)|(228,115)|
|||_______|_______|
||Operating (deficit) from social housing activities|(19,231)|(3,997)<br>|



3. **OPERATING COSTS 2024** 

|**Unrestricted**<br>**Restricted**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Staff costs<br>173,224<br>17,727<br>Facilities management<br>104,670<br>8,542<br>Administration costs<br>25,509<br>2,348<br>Pension fund deficit<br>(4,638)<br>-<br>_______<br>_______<br><br>298,765<br>28,617<br>Housing expenditure<br>298,705<br>-<br>Non-housing expenditure<br>60<br>28,617<br>_______<br>_______<br><br>298,765<br>28,617|**Total**<br>**2024**<br>**£**<br>190,951<br>113,212<br>27,857<br>(4,638)<br>_______<br>327,382|
|---|---|
||298,705<br>28,677<br>_______<br>327,382|



Included in administration costs is the independent examination fee of £2,309 (2023: £2,178). 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 3. **OPERATING COSTS 2023** 

|**Unrestricted**<br>**Restricted**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>Staff costs<br>129,689<br>35,611<br>Facilities management<br>62,925<br>10,170<br>Administration costs<br>14,613<br>7,454<br>Pension fund deficit<br>1,496<br>-<br>_______<br>_______<br><br>208,723<br>53,235<br>Housing expenditure<br>208,723<br>19,392<br>Non-housing expenditure<br>-<br>33,843<br>_______<br>_______<br><br>208,723<br>53,235|**Total**<br>**2023**<br>**£**<br>165,300<br>73,095<br>22,067<br>1,496<br>_______<br>261,958|
|---|---|
||228,115<br>33,843<br>_______<br>261,958|



24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 4. **STAFF COSTS** 

|Wages and salaries<br>Social Security<br>Pension<br>Pension fund deficit<br>Other costs<br> <br>Total staff costs<br>Average number of employees (FTE)<br>Average number of employees<br>FTE is based upon 37 hours per week.|**2024**<br>**£**<br>170,353<br>9,727<br>3,766<br>(4,638)<br>7,105<br>_______<br> <br>186,313<br>5.65<br>9|**2023**<br>**£**<br>148,726<br>8,768<br>3,261<br>1,496<br>14,545<br>_______<br>176,796<br> <br>4.97<br>8<br>|
|---|---|---|



There are no employees who received more than £60,000 as their employee package. (2023: no employees) 

## 5 **. TRUSTEES AND KEY MANAGEMENT PERSONNEL REMUNERATION** 

The total remuneration for key management personnel amounted to £37,830 (2023: £34,475). 

The chief executive is a member of a workplace NEST pension scheme; £920 (2023: £731 in pension contributions were made on behalf of the chief executive. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 6. **TANGIBLE FIXED ASSETS** 

||||||**Housing**||**Hall area**||
|---|---|---|---|---|---|---|---|---|
||**Freehold**||**Housing**|**Hall Area**|**furniture &**||**furniture**||
|||**Land**|**property**||**equipment**|**Vehicles**|**& equip**|**Total**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|**Cost/valuation**|||||||||
|As at 31 March 2023||92,800|1,100,000|300,000|137,043|-|37,634|1,667,477|
|Adjustment||-|(730,350)|(300,000)|<br>-|-|-|(1,030,350)|
||||||______||||
|Restated at 1 April 2023||92,800|369,650|-|137,043|-|37,634|637,127|
|Additions||-|-|-|3,628|10,200|-|13,828|
|Disposals||-|-|-|(3,910)|-|-|(3,910)|
|Revaluation||-|10,350|-|-|-|-|10,350|
||||||||||
||||||______||||
|As at 31 March 2024||92,800|380,000|-|136,761|10,200|37,634|657,395<br>|
|**Depreciation**|||||||||
|As at 31 March 2023||-|-|-|124,682|-|37,004|161,686|
|Depreciation charge||-|25,625|-|3,546|209|157|29,537|
|Depreciation on disposal||<br>-|-|-|(2,922)|-|-|(2,922)|
|Depreciation eliminated||-|(25,625)|-|-|-|-|(25,625)|
|On revaluation|||||||||
|As at 31 March 2024||-|-|-|125,306|209|37,161|162,676<br>|
|**Net book value**|||||||||
|as at 31 March 2024||92,800|380,000|-|11,455|9,991|473|494,719<br>|
|**Net Book value**||92,800|369,650|-|12,361|-|630|475,441|
|as at 31 March 2023|||||||||



Housing Property and Hall Area were revalued on 20 March 2024 by Kempston-Parkes Chartered Surveyors, to show them at fair value. The original cost was £349,826. Hall area is included in the revaluation of Housing Property. 

|7.|**DEBTORS AND PREPAYMENTS**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Gross social housing rent owed|3,439|2,501|
||Other debtors|95|100|
||Prepayments|12,223|1,091|
|||______|______|
|||15,757|3,692|



24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

|8.**CREDITORS: AMOUNTS FALLING**<br>**DUE WITHIN ONE YEAR**<br>Trade creditors<br>Other creditors<br>Other taxation and social security<br>Accruals<br>Pension deficit liability<br>note 11<br>Deferred income                                                         note 9<br> <br>9.**DEFERRED INCOME**<br>At 1 April 2023<br>Additions during the year<br>Amounts released to income<br> <br>At 31 March 2024<br>The deferred income relates to grants for future period projects.|<br>|**2024**<br>**£**<br>5,305<br>-<br>4,413<br>3,733<br>2,494<br>9,960<br>______<br>25,905<br>**Total**<br>**2024**<br>**£**<br>9,960<br>9,960<br>(9,960)<br>9,960|<br>|**2023**<br>**£**<br>1,250<br>4<br>4,078<br>3,219<br>2,757<br>9,960<br>______<br>21,268<br>|
|---|---|---|---|---|
|||||**Total**<br>**2023**<br>**£**<br>-<br>9,960<br>-<br>|
|||||9,960|
||||||



|10.**CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR**|10.**CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR**|||
|---|---|---|---|
|||**2024**|**2023**|
|||**£**|**£**|
|Pension deficit liability|note 11|5,065|12,847|



## 11. **PENSION COMMITMENT** 

Ripon YMCA participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCAs England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of Ripon YMCA and at the year-end these were invested in the Mercer Dynamic Derisking Solution, 65% matching portfolio and 35% in the growth portfolio and Schroder (property units only). 

The most recent completed three year valuation was at 1[st] May 2023. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets of 4.56%, the increase in pensions in payment of 3.18% (for RPI capped at 5% pa), and the average life expectancy from normal retirement age (of 65) for a current male pensioner of 21.5 years, female 24.0 years, and 23.1 years for a male pensioner, female 25.7 years, retiring in 20 ime. The result of the valuation showed that the actuarial value of the assets was £103.1m which represented 92% of the benefits that had accrued to members. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 11. **PENSION COMMITMENT (continued)** 

The pension plan was closed to new members and future service accrual with effect from 30 April 2007. With the removal of the salary linkage for benefits, all employed deferred members became deferred members as from 1 May 2011. 

The valuation prepared as at 1 May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 million. Ripon YMCA has been advised that it will need to make monthly contributions of £271.34 from 1 May 2024. This amount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual performance of the pension plan. Agreed future deficit contributions have been discounted using a rate of 1% (2023: 3%) The current recovery period is 3 years commencing 1 May 2024. 

|**Within One to Two Two to Five**<br>**After Five Total After**<br>**one year**<br>**years**<br>**years**<br>**years more than**<br>**one year**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>As at 31 March 2024<br>2,494<br>2,445<br>2,620<br>-<br>5,065<br>As at 31 March 2023<br>2,757<br>2,684<br>7,591<br>2,572<br>12,847|**Total**<br>**2023**<br>**£**<br>7,559<br>|
|---|---|
||15,604|



In addition, Ripon YMCA may have over time liabilities in the event of the non-payment by other participating YMCAs of their share of the YMCA pension p amount that Ripon YMCA may be called upon to pay in the future. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

|12.<br> **ANALYSIS OF FUNDS**||||||||
|---|---|---|---|---|---|---|---|
||**Reinstated**|||||||
||Balance b/fwd|||||Balance c/fwd||
||1 April|2023|Income|Expenditure|Transfers|31 March 2024||
||£||£|£|£|£||
|**Unrestricted Funds**||||||||
|General Funds|571,948||402,177|(273,140)|(105,975)|595,010||
|Revaluation Reserve||19,824|-|(25,625)|35,975||30,174|
|_Designated Funds:_||||||||
|Property Development Fund||48,000|-|-|65,000|113,000||
|Organisational Development Fund||15,000|-|-|5,000||20,000|
||______||______|______|______|______||
|**Total Unrestricted Funds**|654,772<br>||402,177|(298,765)<br>|-|758,184<br>||
|**Restricted Funds**||||||||
|Sainsburys Neighbourly Grants||3,032|-|(1,999)|-||1,033|
|YMCA ERF (TCS)||1,413|-|(1,413)|-||-|
|BBC Children in Need||1,223|9,960|(11,183)|-||-|
|NYCC Locality Fund||5,000|1,000|(5,443)|-||557|
|National Lottery Community Fund;||-|34,750|(5,109)|-||29,641|
|RC Yorkshire & Humber Region||||||||
|Ripon City Council||-|3,470|(3,470)|-||-|
||______||______|______|______|______||
|**Total Restricted Funds**||10,668<br>|49,180|(28,617)<br>|-||31,231<br>|
|**Total Funds**|665,440||451,357|(327,382)|-|789,415||



The revaluation reserve represented the cumulative effect of revaluation of tangible fixed assets. It is the difference between the net book value of the properties and the cost. 

## **Designated funds** 

Property Development Fund - funds set aside to cover various capital projects planned. 

Organisation Development Fund funds for the development of the charities governance and capacity whilst working towards an incorporated structure (CIO). expected that additional funds will be required for this project and we are exploring options including fundraising. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 12. **ANALYSIS OF FUNDS (continued)** 

## **Restricted funds** 

**Sainsburys Neighbourly Grants** - A grant to support education and provide food support for tenants and vulnerable young people in Ripon. 

**YMCA ERF (TCS)-** Capacity building grant to support Ripon and Ryedale YMCA to move towards trusted charity status and develop a package of policy which can be shared across the YMCA federation. 

**BBC Children in Need** - Funding to deliver a Young Leaders programme for young people who lack opportunities to be active or to access education, skills and training. 

**NYC Locality Fund** - - engaging with 12-18 year olds in Ripon to provide an environment they can talk to youth workers about a wide range of issues. £1,000 additional funding to provide uniform for staff. 

**National Lottery Community Fund; RC Yorkshire and Humber Region** are providing 3 years of staged funding started in September 2023. The project is delivering a range of activities, early intervention opportunities, and support for young people and young adults in Ripon. 

**Ripon City Council Partnership Fund** - Funding to support Ripon YMCA in the facilitating of 3 projects: Ripon Youth Work Partnership, Ripon Youth Volunteering Network, and Teen Talk. 

24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 12. **ANALYSIS OF FUNDS (Continued)** 

## **Restated 2023** 

|**estated 2023**|**estated 2023**|||||
|---|---|---|---|---|---|
|Balance b/fwd|||||Balance c/fwd|
|1|April 2022|Income|Expenditure|Transfers|31 March|
||||||2023|
||£|£|£|£<br>|£|
|**Unrestricted Funds**||||||
|General Funds|564,669|248,502|(380,239)|139,016|571,948|
|Revaluation Reserve|191,340|-|-|(171,516)|19,824|
|Designated Funds:||||||
|Property Development Fund|30,500|-|-<br>|17,500|48,000|
|Organisational Dev Fund|-|-|-|15,000|15,000|
||______|_____|______|_____|______|
|**Total Unrestricted Funds**|**786,509**|**248,502**|**(380,239)**|**-**|**654,772**|
|**Restricted Funds**||||||
|Coronavirus Community fund|3,470|-|(3,470)|-|-|
|Tackling inequalities fund|2,519|-|(2,519)|-|-|
|Works for you project fund|16,500|-|(16,500)|-|-|
|Co-op local community fund|373|-|(373)|-|-|
|Sainsburys neighbourly grant|4,427|-|(1,395)|-|3,032|
|The National Lottery Fund|4,518|-|(4,518)|-|-|
|YMCA ERF (TCS)|3,863|-|(2,450)|-|1,413|
|NYPFCC|4,749|-|(4,749)|-|-|
|Barclay Sported|-|500|(500)|-|-|
|Community Alcohol Partnership|-|199|(199)|-|-|
|Ripon Masonic lodge|-|1,000|(1,000)|-|-|
|North Yorks Sports (Spark)|-|4,825|(4,825)|-|-|
|NYCC Early Help- Get Going|-|2,000|(2,000)|-|-|
|BBC Children in Need|-|9,960|(8,737)|-|1,223|
|NYCC Locality Fund|-|5,000|-|-|5,000|
||_____|_____|______|_____|______|
|**Total Restricted Funds**|**40,419**|**23,484**|**(53,235)**|**-**|**10,668**|
|**Total Funds**|826,928|271,986|(433,474)|-|665,440|



24 



## **RIPON YMCA** 

## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024** 

## 13. **OTHER FINANCIAL COMMITMENTS** 

At 31 March 2024 the charity had total commitments under non-cancellable operating leases 

||2024|2023|
|---|---|---|
||£|£|
|Within one year|2,501|2,563|
|Within two to five years|8,755|2,683|
|Over 5 years|6,384|-|
||_____|_____|
||17,640|5,246|



## 14. **RELATED PARTY TRANSACTIONS** 

£95 is owed by Ripon YMCA CIO (2023: £4 owing to Ripon YMCA CIO) 

## 15. **CONTINGENT LIABILITY** 

Over the years the Housing Association has provided grants to help with the improvements to the social housing property. If the properties were to be sold these grants would become repayable. These amount to £311,943. 

## **16. PRIOR YEAR ADJUSTMENT** 

During the year it has come to the trustees attention that the property valuation was inaccurate so an adjustment has been made to correct the error. This has had the effect of: 

|**Property fixed asset**<br>Value at 31 March 2023<br>Prior year adjustment<br>Restated value at 31 March 2023<br>**Funds**<br>Funds at 31 March 2023<br>Prior year adjustment<br>Funds at 31 March 2024|£<br>1,400,000<br>(1,030,350)<br>__________<br>**369,650**<br>|
|---|---|
||1,695,790<br>(1,030,350)<br>__________<br>**665,440**<br>|



24