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2021-03-31-accounts

BRIGHTON

BRIGHTON Y.M.C.A.

{Limited by Guarantee)

BOARD OF MANAGEMENT REPORT AND FINANCIAL STATEMENTS Year ended 31 MARCI 2021

Company No: 2329407

BRIGHTON Y.MLC.A. (Limited by Guarantee)

CONTENTS OF THE FINANCIAL STATEMENTS

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|||||||| |---|---|---|---|---|---|---| |Page| |Association|Information|1| |Strategic|Reporl|2| |Reportof the|Board of Management|3-7| |Responsibilitics|of the Board|of Management|7| |Report of the|Independent|Auditors|8-10| |Statement|of|Comprehensive|Income|il| |Statement|of|Changes|in|Reserves|12| |Statement|of Financial|Position|13| |Cash|Flow|Statement|14| |Notes to|the|Financial|Statements|15|-|26|

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Page |.

BRIGHTON Y.M.C.A. (Limited by Guarantee)

Company Number: 2329407

Registered Charity number: 800987

Registered Housing Association number: H3835

MEMBERS OF ‘THE BOARD OF MANAGEMENT: S.J. Johnston-Ellis - Chair D. W. Hancock - Vice Chair P.J. Field - Resigned 18" November 2020 P.C. Jukes R. Brooks

  1. McShane J.B. Tarling M.A.J. Rosenberg J.R. Davila

OFFICERS OF THE ASSOCIATION: J.F. Osborne - Chicf Executive and Company Secretary M. Wainwright - Deputy

BANKERS: Lloyds TSB 171 North Street BRIGHTON BNI IGL

Bank of Scotland Queens Square BRIGHTON BN1 3FD

Investec 30 Gresham Street London EC2V 7QP

SOLICITORS: DMH Suallard Griffin House 135 High Street Crawley West Sussex RIELO LDQ

ACCOUNTANTS: Galloways Accounting Atlas Chambers 33 West Street BRIGHTON BNI 2RE

AUDITORS: Feist Hedgethorne Limited Chartered Accountants Preston Park [louse South Road BRIGHTON BN1 6SB

Page 2.

BRIGHTON Y.MLC.A.

(Limited by Guarantee)

STRATEGIC REPORT

PRINCIPAL ACTIVITY AND REVIEW OF BUSINESS

Brighton YMCA is a registered charity. Its objective is lo house and, where possible, re-settle homeless men and women of all ages.

‘The Association's key financial and other performance indicators during the period were as follows:

During the year, the Charity has pravided 306 (2020: 307) units of Supported Housing in 13 different premises spread throughout the City of Brighton and Hove. ‘The COVID-19 glabal pandemic impacted the Association throughout the year. ‘The management team and support staff worked hard in difficult circumstances to implement a plan that ensured we were able to deliver the suppor! our clients needed. Additional resource both in terms of temporary stalf and PPE were acquired which meant staff could operate as safely as possible. Whilst the pandemic is continuing, we believe that the success ofthe current vaccination programme and the experience gained over the last eighteen months, will enable the Association to continue to support its clients.

For the year ending 3] March 2021, the Association showed a deficit of £314,253 (2020: £109,241). ‘The current year deficit included an increase in the defined pension scheme liability of £217,750 following the most recent three-ycar valuation as al | May 2020. The balance on the Revenue Reserve at 31 Mareh 2021 was £5,077,771 (2020: £5,392,024). Further details are set out in Notes 2 and 16 to the financial statements, During the year, the Association’s principal income sources comprised rent and service charges from clients of £4,143,453 (2020: £3.869,707) and Supporting People Funding from Brighton & Hove City Council of £755,255 (2020: £763,254). Further detail can be found in Note 2 to the financial statements.

‘The operating deficit on hostels as a % of gross income from clients was -8.9% (2020: -3,6%).

The cost of vacant accommodation and bad debts amounts to 3.9% ofthe relevant income receivable (2020; 6.3%).

PRINCIPAL RISKS AND UNCERTAINTIES

‘The wider impact of the COVID-19 pandemic on the public finances and how that will affvct the Association is difficult to predict but there is no doubt the cconomic conditions will be a challenge for the foreseeable future. Brighton YMCA ts a registered charity’ and reccives a significant amount of its core funding from Housing Related Support contracts with Brighton & Move City Council. ‘The current four-year contracts commenced in September and November 2017, along with a new Work & Learning Support contract which commenced in April 2018. ‘The main Support contracts were duc to end in October 2021. but these have been rolled over whilst the Councit deals with impact of the pandemic. During this time, one of the main priorities of the Association is to continue to meet all requirements of these Support contracts with the Council, The contracts specify many performance requirements such as staffing levels, nomination rights, void levels, move-on of clients, cle. ‘The Association continues to demonstrate both the need for its services and the ability to mnvet the performance requirements.

Following the roll out of Universal Credit, the Association's exposure to delays in receiving rents and incurring bad debts has increased as more clicnts move over to the new benefit regime. ‘The management team are focusing on implementing new processes to mitigate as much of the risk as possible.

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By order of the Board
7 a 7 Lo
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WEOILZE
S. J. Johnston-Ellis
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DD. W. Hancock
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Registered office: 55Steine Old SteineLouse Brighton, BNL INX

17 / 4p J WL

Page 3.

BRIGLITON Y.MLC.A.

(Limited by Guarantee)

REPORT OF TITE BOARD OF MANAGEMENT

The members of the Board of Management submit their report and the audited financial statements for the year ended 31 March 2021.

OBJECTIVES

The objectives of Brighton YMCA are to house and, where possible, re-settle homeless men and women of all ages. In mecting these objectives, the Association provides a caring, supportive environment and works in accordance with the best practices of equal opportunities. Our Trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.

In carrying out our activities for the public benefil, the Association has developed considerable expertise in all aspects of supporting single homicless people and provides a range of supported accommodation for vulnerable, single homeless people of both sexes, irrespective of[age,][race,][religion][or][sexual][orientation.]

During the year the Charity has provided 306 units of Supported Housing in 13 different premises spread throughout the City of Brighton and Jlove.

A more detailed review of our activities is provided below.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Brighton YMCA is a registered charity and is therefore subject to charity law. [ts Board members, who arc also the trustees, are responsible for cnsuring that the charily operates in accordance with its purposes as set out in its Code of Governance and its “Memorandum & Articles of Association’. Board members are also responsible for ensuring that the charity’s resources arc used for those purposes. As Brighton YMCA is also registered as a Limited Company (a Company Limited by Guarantee) members of the Board also have legal responsibilities under the Companies Acts as dircctors of a charitable company.

Appointment of trustees and trustee induction and training

The members of the Board of Management throughout the year are disclosed on page 1. Steps are taken to identify potential Board members who have no connection with the Association or existing Board members. This includes lacal adverlising, with targeting if this step is recommended by the Personnel Advisory Group. The Board has the power to elect new trustees, who become Board members, in accordance with the Code of Governance.

Organisation

The Board has ultimate responsibility for the governance of Brighton YMCA. The Board determines strategic direction and policies, oversees control and risk management frameworks established and implemented by operational management, and ensures that the Association achieves ils aims and objectives, Quarterly Board mectings are held with full agendas and documents circulated to members in advance of mectings. A Chief Executive is appointed by the Board, under a contract of employment, to manage the day to day operations of the Association. ‘he Association also has three regular Advisory Groups to oversee specified areas of the Association’s work; these are the Personne! Advisory Group, the Finance Advisory Group and the Client Services Advisory Group. the Development Advisory Group is only activated when the Association is pursuing development options.

Company structure

The Association is established as a company limited by guarantee under the Companies Act 2006, as a registered charity under the Charities Act 2011 and as a registered provider of social housing under ]Tousing and Regeneration Act 2008. ‘The Association is a member of YMCA England.

BRIGHTON Y.M.C.A.

Page 4.

(Limited by Guarantee)

REPORT OF THE BOARD OF MANAGEMENT (continued)

OBJECTIVES (continued)

Related parties

The services offered by Brighton YMCA have always been considered strategically relevant by Brighton & Hove City Council and the Association receives a significant amount of its core funding from Housing Related Support contracts with Brighton & Hove City Council. Brighton YMCA aims to ensure a high level of co-ordination and information-sharing with other agencies, in order to meet clients’ needs. It works with other local agencics to share expertise and resources and to develop best practice wherever possible.

Risk management

The Board is responsible for maintaining a risk management strategy which:

Operational management established systems of internal controls to implement its risk management strategy. The internal control system is designed to manage rather than climinatc the risk of failure to achieve business objectives and can only provide reasonable and not absolute assurance against matcrial financial misstatement or loss. ‘Ihe key elements are as fotlows:

In addition to the statutory audit, the external auditors review the effectiveness of specific systems of internal financial control ona cyclical basis. No weaknesses were found in internal financial controls, which resulted in material losses, contingencics, or uncertainties which require disclosure in the financial statements or in the auditors” report on the financial statements,

Key management personnel

‘The Board undertakes an annual salary review for all staff, including key management personnel, with the agreed percentage increase being applied to all staff. Salary levels for new key management appointments are agreed by the Chie! Executive and Chairman, taking into account those on offer in other local and regional organisations operating in the same sector.

Page 5.

BRIGIITON Y.M.C.A. {Limited by Guarantee) REPORT OF THE BOARD OF MANAGEMENT (continued)

PRINCIPAL ACTIVITIES

On 3] March 2021 the Association provided 306 units of supported housing. In all our projects, support is provided to help clicnis gain skills so that they can lead more-independent lives. The Association is contracted to provide this service (at projects numbered 1 10 5) by the local authority’s Commissioning ‘eam ~ with residents expected to stay no longer than 2 years before moving-on.

These are broken down as follows:

William Collier House provides 95 single bedsit units. Six of these are completely self-contained, of which 4 are specifically for people with physical disabilitics. ‘'wo bcdsits here are held for Probation Service referrals. All other nominations come from the Housing Options Team within the Council’s Adult Social Care and Housing Department. William Collier House is designated by the Council as a combined High and Medium Support hostel.

  1. George Williams Mews 1-5 George Williams Mews comprises 25 bedrooms in 5 shared houses, designated by the Council as Medium Support accommodation.

6-7 George Williams Mews comprises 37 self-contained bedsits (plus | staff sleep-in bedsit) in a three-storey block of flats. These units are designated by the Council as Low Support accommodation.

8 George Williams Mews comprises office and training facilities, where Brighton YMCA runs life-skills courses that enable clients Lo gain skills and independence before moving-on.

  1. Fred Emery Court

This scheme, which the Council has designated as Low Support housing, provides 32 tenancies in self-contained studio flats with on-site staff support.

  1. Stanley Court

This scheme, which the Council has designated as ],ow Support housing, provides 31 tenancies in self-contained studio flats with on-site slalf support.

  1. Leslic Best House

This scheme, which the Council has designated as Low Support housing, provides |] tenancics in self-contained Flats for single female clients. ‘I'he tenanls of this property are supported by Wwo dedicated staff with managerial support from Stanley Court.

  1. Morton Court

This scheme provides 27 tenancies in self-contained studio fats. ‘Though not now contracted with the local authority to provide intensive support services, it is nevertheless managed from neighbouring George Williams Mews, where tenants can still participate in life-skills courses and can contact staff at any time of day if necessary.

  1. 158 Old Shoreham Road

This cnd-af-terrace property provides 2 self-contained flats. As with Morton Court the tenants of this particular site receive housing management services from staff al nearby George Williams Mews.

  1. 54 Benficld Way

This detached property provides accommodation for 6 single clients who wish to live together in this family house. Lach has their own single bedroom and they share communal facilitics, supported by two dedicated staff.

Page 6.

BRIGIITON Y.M.C.A.

(Limited by Guarantee)

REPORT OF THE BOARD OF MANAGEMENT (continued)

  1. 56 Benfield Way

This detached property also provides accommodation for 5 single clients who wish to live together in this family house. Fach has their own single bedroom and they share communal facilities, supported by two dedicated staff.

  1. 10 Foredown Drive

This semi-detached property provides accommodation for 2 single clients who wish to live together in this family housc. Each has their own single bedroom and they share communal facilities, supported by two dedicated staff. Subsequent to the year cnd the <lecision was taken to scll this property.

Il. 48 Highlands Road

This semi-detached bungalow also provides accommodation for 5 single clients who wish to live together as a family. Each has their own single bedroom and they share communal facilities, supported by two dedicated staff.

  1. Steine House

This properly comprises provides 14 self-contained flats and a shared apartment for 18 clients. Brighton YMCA head office is also based at Sicine House.

  1. Bennett House

‘This property, for which a four year lease was taken on by the Association in August 2018, provides accommodation and support for 10 vulnerable people in the centre of the city-

ACIIIEVEMENTS AND PERFORMANCE

The year to 31 March 2021 proved to be very challenging duc to the COVID-19 pandemic. Despite the impact of COVID19, ihe Association has continued to strive to provide the highest standard of service and support for its clients and licensees with as little disruption as possible.

‘The Association had to implement working practices to ensure that our slaff and clients were kept as safe as possible whilst providing the support to our clients. Fortunately, the Association was able to obtain sufficient Personat Protective Equipment and introduce flexible working practices to reduce health risks.

‘The Association’s policies continue to be periodically revicwed and, where necessary, amended to meet changing needs and new Icgislation. Furthermore, the Association has continucd to provide a wide range of training for its stall to ensure they have the necessary skills to provide a high level of service and commitment to the clients the Association is striving to help.

Due to the restrictions in place as a result of the COVID-19 pandemic the ability 10 hold the regular consultation mectings at cach of its projects and the Associalion-wide Scrutiny Panel and Clients Forum were impacted, as was the regular mecting of the Client Services Advisory Group. At the date of this Report. the Client Services Advisory Group meetings had been reinstated and the other consultation meetings will be reinstated at the earliest opportunity,

PLANS FOR FUTURE PERIODS

The Association looks to continuously enhance and develop its policies and procedures, to enable il to continue (9 improve its services for vulnerable clients within the context of reduced public sector spending and to maintain a sound financial basis for the Association going forward.

In the period since | April 2021, the Association has been implementing a new management structure which it is envisaged will cnable it to be better placed lo maintain the required levels of support for ils clients in the challenging times thal lic ahead.

INVESTMENT POWERS AND POLICY

The Board has a ‘Treasury Management Policy and is responsible for decisions on investing surplus funds. The Association currently has funds held in fixed interest term deposits and under management by Investec Wealth & Investment Limited.

BRIGHTON Y.M.C.A. (Limited by Guarantee) REPORT OF THE BOARD OF MANAGEMENT (continued)

Page 7.

RESERVES POLICY

It is the policy of the Association to maintain a sufficient level of reserves to secure ils viability beyand the immediate future and mitigate some of the financial risks it faces. The Association currently maintains a level of reserves of £750,000 against future uncertainties, ‘The Association is considering its reserve policy in the light of the likely challenges that lic ahcad and the guidance given by the Charity Commission.

FUNDS HELD ON BEHALF OF OTHERS

Staff have pro-actively helped and encouraged clients to open their own bank or building society accounts. Consequently, the only funds held on behalf of others are the savings of a very few clients who have not yet managed this. All individual deposits, withdrawals and balances of these savings are separately recorded and reccipted. ‘That small amount of money is held in separate locked cash tins and secured in safes. The former separate bank account for clicnts’ savings is no longer needed so has been closed. Deposits have been passed back to clients so that they can now kecp savings in their own bank accounts.

FREEMNOLD PROPERTY

The Board of Management considers that the open market value for existing use by registered providers of social housing of the freehold properties is considerably in excess of book value.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the members of[the][ Board][of][ Management][are][ aware,][there][is][no][relevant][audit][information][(as][defined][ by][Section] 418 of the Companies Act 2006) of which the Association’s auditors are unaware, and each member of the board of management has taken all the steps that they ought to have taken as a member of the board of management in order to make themse!faware of any relevant audit information and to eslablish that the Association's auditors are aware of that information.

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By order of the Board . ‘.
§. J. Johnston-Ellis p24 [LES] RegisteredStcine office:House
d , 55 Old Steine
D. W. Tlancock J PA [Hur][ath] iP/tr / 297\ Brighton, BNI INX
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RESPONSIBILITIES OF TITE BOARD OF MANAGEMENT

Company law and registered social housing legislation require the Board of Management to prepare financial statements for each financial year. Under that law the Board of Management have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Board of Management must not approve the financial statements unless they are salisfied that they give a true and fair view of the stale ofaffairs of the Association and of the results for thal period. In preparing these financial statements, the Board of Management is required to:

‘The Board of Management is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Association and enable it to ensure that the financial statements comply with The Accounting Direction for Social Housing in England from April 2015, section 137 of the Housing and Regeneration Act 2008, and the Companies Act 2006. 1 has general responsibility for taking reasonable steps to safeguard the assets of the Association and to prevent and detect fraud and other irregularities.

‘The Board of Management members are shown on page 1.

Page 8,

INDEPENDENT AUDITORS’ REPORT TO TILE MEMBERS OF BRIGHTON Y.M.C.A. (Limited by Guarantee)

Opinion

We have audited the financial statements of Brighton Y.M.C.A (the ‘association') for the year ended 31 March 2021 which comprise the Statement ofComprehensive Income, Statement of Changes in Reserves, Statement of Financial Position, Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financiat Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the association in accordance with the cthical requirements that arc relevant to our audit of the Gnancial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other cthical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

Wc have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

‘The board is responsible for the other information. ‘The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements docs not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is 10 read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audil or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a matcrial misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that Fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exeeption

In the light of our knowledge and understanding of the association and its environment obtained in the course of the audit, we have not identified matcrial misstatements in the board report (incorporating the strategic report).

We have nothing to report in respect of the following matters in relation to which the Companics Act 2006 requires us to report to you if, in our opinion: — adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or, — the financial statements are not in agreement with the accounting records and returns; or,

Page 9.

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF BRIGIITON Y.M.C.A. (Limited by Guarantce) (continued)

In addition, we have nothing to report in respect of the following matter where the Housing and Regencration Act 2008 requires us to report to you if, in our opinion:

— a satisfactory system of contro! over transactions has not been maintained.

Responsibilities of trustees

As explained more fully in the Responsibilitics of the Board of Management set out on page seven, the board members (who are also the direclors of the association for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine necessary to cnable the preparation of financial statements that are free from materia! misstatement, whether duc to fraud or error.

In preparing the financial statements, ihe board is responsible for assessing the association's ability to continuc as a going concern, disclosing, as applicable, matters related 10 going concern and using the going concern basis of accounting unless the trustees cither intend to liquidate the association or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, bul is nol a guarantce (hat an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it cxisis. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit cvidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of noncompliance with other laws and regulatious that may have a material effect on the financial statements, and to respond appropriatcly to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud,

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

The audit engagement team identified the risk of management override of controls and revenue recognition as area where the financial statements were most susceptible to material misstatement duc to fraud. Audit procedures performed included bul were not limited to testing manual journal cntrics, income transactions, other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business.

Page 10

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF BRIGHTON Y.MLC.A. (Limited by Guarantee) (continued)

A further description of[our][responsibilities][for][the][audit][of][ the][financial][statements][is][located][on][the][Financial][Reporting] Council’s website al: www. frc.org.uk/auditorsresponsibilities. ‘This description forms part of our auditor’s report.

Use of our report

‘This report is made solely to the assaciation’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 137 of the Elousing and Regeneration Act 2008. Our audit work has been undertaken so that we might state to the association’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the association and the association’s members as a body, for our audit work, for this report, or for the opinions we have formed.

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.
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Chris Morey (Senior Statutory Auditor) for and on behalf of Feist Hedgethorne Limited Statutory Auditors Chartered Accountants Preston Park House South Road Brighton BN1 6SB Date: Nat Petco.

Page 11.

BRIGIFVON Y.MLC.A,

(Limited by Guarantee)

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||||||||| |---|---|---|---|---|---|---|---| |STATEMENT OF COMPREHENSIVE|INCOME| |Year|ended|31|MARCH|2021| |2021|2020| |Note|£|£| |TURNOVER|2|4,973,975|4,701,851| |Operating|costs|2|(5,343,732)|(4,843,421)| |OPERATING|DEFICIT|2|(369,757)|(141,570)| |Gain|on|disposals of fixed|assets|-|-| |(Loss)/gain on investments|31,439|(1,347)| |Dividend|income|4,701|5,184| |Interest|reccivable|6|9,691|16,166| |Donations|9,673|12,326| |DEFICIT FOR THE YEAR|3|(314,253)|(109,241)| |Actuarial|gain/(loss)|in|respect|of pension|schemes|-|-| |TOTAL COMPREHENSIVE|INCOME FOR THE YEAR|(314,253)|(109,241)|

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There were na discontinued operations during the year.

The notes on pages 15 to 26 form part of these financial statements. The financial statements were approved by the Board on ‘ 3]t 1) : bod, and signed on its behalf by

‘ a5 ‘ DM Hose lies . S. J. Johnston-Ellis D. W. Hancock

Page 12.

BRIGHTON Y.MLC.A. (Limited by Guarantee)

STATEMENTOFCIIANGES IN RESERVES
Vearended 31 MARCH 2021
Income and
Expenditure
Reserve		 Restricted
Reserve		 Revaluation
Reserve		 Total
£ £ £ &
Balance as al April 2020 §,392,024 - -
Deficit from statement of
comprehensive income (314,253) = - (314,253)
‘Transfer from revaluation reserve to
income and expenditure reserve = “ - ms
Transferofrestricted expenditure
from unrestricted reserve - - - -
Balanceasat31March2021 §,077,771 ” - $5,077,771

The notes on pages 15 to 26 form part of these financial statements.

Page 13.

BRIGITION Y.MLC.A,

(Limited by Guarantee)

STATEMENTOF FINANCIAL POSITION STATEMENTOF FINANCIAL POSITION
At 31 MARCI 2021
2021 2020
Note £ £ £ £
FIXED ASSETS
Tangible assets - housing propertics
‘Tangible assets - other		 9
10		 8,237,890
182,097		 $,524,088
160,860
Investments U1 277,578 246,213
TOTAL FIXEDASSETS 8,697,565 8,931,161
CURRENTASSETS
Stockofprovisions 6,325 6,325
Debtors and prepayments 12 420,002 403,442
Cashand cash equivalents 2,034,428 2,234,039
2,460,755 2,643,806
CREDITORS: amounts falling due
within one year 13 (448,526) (481,219)
NETCURRENTASSETS 2,012,229 2,162,587
Monies held for residents 438 438
Amountsduc to residents (438) (438)
TOTALASSETS LESS CURRENTLIABILITIES 10,709,794 I 1,093,748
CREDITORS: amounts fallingdue
after more than one year 14 (4,822,911) (5.013,388)
Provisions for tiabilitics
-
Defined Benefit Pension Scheme		 18 (809,112) (688,336)
TOTALNETASSETS 5,077,771 5,392,024
CAPTTALAND RESERVES
Revenue reserves 16 $.077.77) 5,392,024
“5,077,771 5,392,024
The nateson pages 15 to26 form part of these financial statements.
The financialstatementswere approved bytheBoard BoardonAP/ AP/ 292 Nangsignedon itsbehallby
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foe
ALC		 DV those
|
S.J.Johnston-Eiis D. W.Hancoek

Page 14.

BRIGHTON Y.M.C.A.

{Limited by Guarantee)

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |CASI|FLOW STATEMENT| |Year|ended|31|MARCH|2021| |2021|2020| |Note|£|£|£|£| |NET CASH GENERATED| |FROM OPERATING|ACTIVITIES|17|(132,242)|(455,226)| |CASIL|FLOW FROM|INVESTING| |ACTIVITIES| |Purchase|of|[tangible]|[fixed]|[assets]|(79,221)|(271,716)| |Proceeds|from|sale|of tangible|fixed|asscis|.|-| |Interest|received|9,69)|16,166| |Purchase of investments|(43,317)|(36,646)| |Sale|of investments|43,391|9,114| |Dividend|income|4,701|5,184| |Investment|charges|(2,614)|(2,538)| |(67,369)|(280,436)| |CASH FLOW|FROM| |FINANCING|ACTIVITIES|-|-| |NET CHANGE|IN|CASII| |AND CASH EQUIVALENTS|(199,611)|(435,662)| |CASIL AND CASH|EQUIVALENTS| |AT BEGINNING|OF THE YEAR|2,234,039|2,669,701| |CASIL AND CASIL|EQUIVALENTS| |AT END OF TITE YEAR|2,034,428|2,234,039| |The|notes|on|pages|15|to|26|form|part of these|financial|statements.|

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BRIGHTON Y.M.C.A.

Page 15.

(Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 MARCI 2021

  1. ACCOUNTING POLICIES

The principal accounting policies of the Association are set out below:

The association is a company limited by guarantec, incorporated in England and Wales, registered under the Companies Act 2006 and is a registered housing provider and charity.

The registered office of the company is Stcinc House, 55 Old Steine, Brighton, BN1 INX.

b) Accounting basis

These financial statements are prepared in accordance with UK Generally Accepted Accounting Practice (UK GAAP) including Financial Reporting Standard 102 (FRS 102), the Elousing SORP 2014: Statement of Recommended Practice for Registered Social Housing Providers and the Accounting Direction for Private Registered Providers of Social Eousing.

‘The presentational currency of the financial statements is pound sterling (£).

The members of the Board of Management have a reasonable expectation that the Association has adequate resources and reserves to be able to continue its opcrations for the foreseeable future. The Board have concluded that the financial statements should continue to be prepared using the going concern basis.

At the datc of approval of the financial statements the Board has considered the impact of the COVID-19 outbreak on the operations ofthe Association. Despite the challenging conditions, the Association, through its dedicated staff, continues to provide the support necded by its clients and the Board considers that this will continuc to be the case for the foresecable future.

Preparation of the financial statements requires management to make significant judgements and estimaics. ‘Ihe items in the financial statements where these judgements and cstimates have been made include:

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i) Significant management judgements
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There have been no significant management judgements made when applying the accounting policies of the Association.

Information about estimates and assumptions that have the most significant cffect on recognition and measurement of assets, liabilities, income and expenses is provided below. Actual results may be substantially different.

a) Useful life of depreciable assets

Management reviews its estimate of the useful lives of depreciable assets at cach reporting date based on the expected utility of the assets. Uncertainties in these estimates relate to technological obsolescence that may change the utility of certain sofiware and I'l cquipment and changes to decent homes standards which may require more frequent replacement of key components, Accumulated depreciation as at 31 March 2021 was £1,525,596. :

Management’s estimate of the DBO is based on a number ofcritical underlying assumptions such as standard rates of inflation, mortality, discount rate and anticipation of future salary increases. Variation in these assumptions may significantly impact the DBO amount and the annual delined benefit expenses (as analysed in Note 19. The contractual liability af 31 Mareh 2021 was £809,112.

Page 16.

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BRIGIITON Y.M.C.A.
----- End of picture text -----

(Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 MARCI 2021

1. ACCOUNTING POLICIES (continued) @) Taxation

The Association is a registered charity qualifying for exemption from Income, Corporation and Capital Gains Tax.

f) Housing properties Housing properties are properties held for the provision of social housing or to otherwise provide social benefit. Housing properties are principally properties available for rent and arc stated at cost less accumulated depreciation and impairment losses. Cost includes the cost of acquiring land and buildings, development costs and interest charged on the morlgage loans to finance the scheme. Works to existing propertics which replace a component that has been treated separately for depreciation purposcs, along with those works that result in an increase in net rental income over the lives of the propertics, thereby enhancing the economic benefits of the assets, are capitalised as improvements.

g) Government grants

Government grants include Social Housing Grants and grants from local authoritics and other government organisations. Government grants received for housing properties are recognised in income over the useful life of the housing property structure and, where applicable, its individuat components (excluding land) under the accruals model. Grants relating to revenue are recognised in income and expenditure over the same period as the expenditure to which they relate once reasonable assurance has been gained that the entity will comply with the conditions and that the funds will be received.

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h) Depreciation of [tangible] [fixed] [assets]
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Depreciation is provided on the following basis:
Property 2% per annum on cost
Residents’ furniture 33 1/3% per annum on cost
Motor vehicles 25% per annum, reducing balance
Horticultural equipment 20% per annum, reducing balance
Office furniture and kitchen equipment 14% per annum on cost
i) Impairment
Annually housing properties are assessed for impairment indicators. Where indicators are identified an assessment
for impairment is undertaken comparing the carrying amount fo its recoverable amount. Where the carrying amount
is deemed to excced its recoverable amount, the scheme is written down to its recoverable amount. The resulting
impairment loss is recognised as operating expenditure.
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Page 17.

BRIGHTON Y¥.MLC.A.

(Limited by Guarantee)

NOTES 10 THE FINANCIAL STATEMENTS (continued) Year ended 31 MARCH 2021

j) Pension scheme (continued)

As described in note 19, Brighton YMCA has a contractual obligation 10 make pension deficit payments of £100,127pa over the period to April 2029, accordingly this is shown as a liability in these accounts. In addition, Brighton YMCA is required to contribute £23,696pa to the operating expenses of the Pension Plan and these costs are charged to the Statement of Comprehensive Income as made.

The Association also operates a defined contribution pension scheme. The Association’s contributions to this scheme are charged to the Income and Expenditure Account in the period to which they relate.

k} Reserves

It is the policy of the Association to maintain a sufficient level of reserves to secure its viability beyond the immediate future. ‘Ihe Association has considered its reserve policy in the light of the guidance given by the Charity Commission and advice oblained from consultants to the Housing Association movement. The Association maintains a level of reserves against future uncertainties. This level of reserves is reviewed annually by the Board.

Restricted reserve funds are to be used for specific purposes as directed by the donor.

m) ‘Furnover

‘Turnover comprises income from lettings including rents and service charges due from residents. Service charges comprise sci amounts charged to residents 1o contribute towards the cost of heat, light and water. Rents and service charges are calculated and agreed in advance of the start of the year. Amounts reccived from Supporting People Contracts are also included in turnover.

n) Operating leases

Operating leases are charged to the Income and Expenditure Account in equal annual amounts over the lease term.

0) Financial instruments

Financial instruments which meet the critcria of a basic financial instrument as defined in Section 11 of FRS 102 are accounted for under an amortised historic cost model.

Basic financial instruments arc recognised at amortised historic cost.

Non-basic financial instruments are recognised at fair valuc using a valuation technique with any gains or losses being reported in surplus or deficit. At cach year end, the instruments arc revalucd to fair value, with the movements posted lo the income and expenditure (unless hedge accounting is applicd).

‘Fhe association has not adopted hedge accounting for the financial instruments.

p} Investments

Investments held as fixed assets are stated at market value. Any gain or loss on revaluation is taken to the statement of comprehensive income.

Page 18.

BRIGIITON Y.M.C.A. {Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 MARCH 2021

2. TURNOVER AND OPERATING SURPLUS

Supported
housing		 Supported
housing		 Other 2021 2020
£ £ £ £
a) Incume from lettings and projects
Rentreceivable netofidentifiable 3,799,300 - 3,799,300 3,534,791
service charges
Service charges receivable
Extrasupport services		 342,353
1,800		 -
-		 342,353
1,800		 334,916
-
4,143,453 —e 4,143,453 3,869,707
Rent losses from voids (114,212) - (114,212) (118,249)
Servicecharge losses from voids (10,322) - (10,322) (11,122)
4,018,919 - 4,018,919 3,740,336
Supporting People
London Learning Consortium
Government grants taken to income		 755,255
9,324
190,477		 -
-
-		 755,255
9,324
190,477		 763,254
7,784
190,477
‘Total income from lettings and projects 4,973,975 - 4,973,975 4,701,851
b) Expenditure on lettings and projects
Services
Management
Routine maintenance		 3,078,198
1,568,589
373,331		 -
-
-		 3,078,198
1,568,589
373,331		 2,694,775
1,412,292
337,580
Depreciation ofhousing propertics
Rent losses from bad debts		 286,198
34,414		 -
-		 286,198
34,414		 286,198
103,307
Service charge losses from bad debts 3,002 - 3,002 9,269
‘Yotal expenditure on lettings and projects 5,343,732 - 5,343,732 4,843,421
Operating deficit from letting
andprojectactivities		 (369,757) - (369,757) (141,570)

:

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Page 20.

BRIGHTON Y.M.C.A.

(Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 MARCIE 2021

  1. DEFICIT FOR THE YEAR
DEFICIT FOR THE YEARYEAR
2021 2020
Thedeficit for theyear has been arrived at aftercharging/(crediting): £ £
Auditor’s remuncration 9,000 9,000
Directors’ and seniormanagement emoluments 245,214 245,214
Depreciation ofpropertics
Depreciation ofothertangible fixed assets
Operating lease rentals—land and buildings
Governmentgrantstakentoincome		 286,198
54,133
7,740
(190,477)		 286,198
54,133
:
(190,477)
  1. ACCOMMODATION

The number of bed spaces available at the beginning of the year was 307. The number of bed spaces available at the end of the year was 306,

5. VOIDS AND BAD DEBTS

‘The cost of vacant accommodation and bad debts, £161,953 (2020: £241,947), amounts to 3.9% of the relevant income reccivable (2020: 6.3%).

6 INTEREST RECEIVABLE

2021 2020
ri £
On
On		 bank deposits
investments		 9,691
-		 16,122
44
9,691 16,166

BRIGHTON Y.M.C.A.

Page 21.

(Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 MARCIT 2021

  1. EMPLOYEES AND EMPLOYEE COSTS

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|||||||| |---|---|---|---|---|---|---| |2021|2020| |No.|No.| |The|average|number|of persons|{including|the Chicf Executive)| |employed|during|the|year|was|as|follows:| |Administration|18|15| |Professional|101|95| |Domestic|20|18| |139|128| |Employee|costs|(including|the|Chief Executive):|£|£| |Wages|and|salarics|3,122,783|2,768,784| |Defined|contribution|pension|costs|86,426|78,259| |Social|security|costs|243,356|220,654| |Other|pension|cosls|117,749|110,076| |3,570,314|3,177,773|

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The full time equivalent number of staff who received remuncration (excluding directors):

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|||||| |---|---|---|---|---| |2021|2020| |No.|No.| |£60,001|10|£70,000|0|l| |£70,061|to £80,000|1|0| |£80,001|to £90,000|1|l| |£90,001|to £100,000|1|!|

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8 KEY MANAGEMENT PERSONNEL

The aggregate remuneration for key management personnel charged in the year is:

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|||||| |---|---|---|---|---| |2021|2020| |£|£| |Basic|salary|205,059|195,604| |Benefits|in|kind|12,638|12,638| |Pension|contributions|37,036|36,972| |245,733|245,214|

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The Chief Exccutive is an ordinary member of the defined contribution pension scheme with no enhanced or special terms, Efe is also a member of the defined bencfit pension plan which was closed to new members and future service accruals on 30 April 2007.

There were no payments made to board members during the year (2020: £ENil).

Page 22.

BRIGHTON Y.M.C.A. (Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 MARCH 2021

9. FIXED ASSETS

HOLSING PROPERTIES

HOLSING PROPERTIES
Held for
Letting
£
Cost:
At 1 Apri! 2020 14,309,902
Additions z
Disposals -
At31 March2021 14,309,902
Depreciation:
Atl April2020 5,785,814
Charge foryear 286,198
Disposals m
At 31 March 2021 6,072,012
Net book value:
Ai31 March 2021 8,237,890
At April2020

Page 23.

BRIGHTON ¥.M.C.A.

(Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 MARCH 2021

10. OTHER FIXED ASSETS

OTHER FIXED ASSETS
Furniture,
Fixtures,
Fittings
and Motor
Equipment Vehicles Total
£ £ £
Cost:
At April 2020
Additions
Disposals		 1,566,858
79,221
-		 61,613
-
Ps
At 31 March 202t 1,646,079 61,613 1,707,692
Depreciation:
At April 2020 1,435,484 32,127
Charge forthe year 50,613 7,371 57,984
On Disposals - - -
At3f March 2021 1,486,097 39,498 1,525,595
Net book value:
At 31 March 2021 159,982 22,115 182,097
AL April2020 131,374 29,486

if. FIXED ASSETS

INVESTMENTS

INVESTMENTS
Investment
Fund
£
Valuation:
At April 2020
Additions 52.548
Disposals (52,622)
Revaluations 31,439
At 31 March 2021 277.578
Carryingamount at fair value:
At 31 March 2021 277,578
At1April2020 246,213

Page 24.

BRIGHTON Y.M.C.A. (Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 MARCH 2021

  1. DEBTORS: amounts falling due within one year
12. DEBTORS: amountsamounts falling due within one yeardue within one yearwithin one yearone yearyear 2021 2020
£ £
Trade debtors - 74,131
Incomedue from residents 255,707 190,218
Otherdebtors 63,339 59,692
Prepayments 100,956 79,401
420,002 403,442
13. CREDITORS: amountsfallingduewithin oneyear 2021 2020
£ £
Trade creditors 174,450 138,195
TaxationandSocial Security 732 60,606
Other creditors 18,593 20,778
Accruals anddeferredgrant income{note 15) 254,750 261,640
448,525 481,219
14. CREDITORS: amounts falling duc aftermore than one year
2021 2020
£ £
Deferred prant income(nate t5) 4,822,911 5,013,388
4,822,911 5,013,388
15. DEFERRED GRANT INCOME
2021 2020
£ £
Atl April 5,203,865 5,394,342
Grant received in the year . -
Released to income in theyear (190,477) (190,477)
At3l March 5,013,388 5,203,865
2021 2020
£ £.
Amounts (o be released within one year 190,477 190,477
Amounts to be released in more than oneyear 4,822,911 5,013,388
5,013,388 5,203,865

Page 25.

BRIGHTON Y.M.C.A.

(Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 MARCH 2021

16. REVENUE RESERVE

REVENUE RESERVE
202 2020
£ £
Balance at 1 April 5,392,024 5,501,265
Deficit forthe year afier transfers to/from reserves (314,253) (109,241)
Balanceat31March 5,077,771 5,392,024

17. CASIEFLOW FROM OPERATING ACTIVITIES

CASIEFLOW FROM OPERATING ACTIVITIES
2021 2020
£ £
Deficit for theyear (314,253) (109,241)
Adjustments for non-cash items:
Depreciation charges
- housing properties		 286,198 286,198
- furniture, fixtures, fittings and equipment 50,613 41,608
- motor vehicles 7,372 12,525
(Increasc)/Decrease in debtors (16,568) (82,053)
Increase/(Decrease) in creditors (32,694) (22,077)
Pension deficit paymentsmade (96,974) (94,150)
Increase in pension liability 217,750 19,820
Carrying amount oftangible fixed asset disposals - 86
Adjustments for investing or financing activitics:
Proceeds from the saleoftangible fixed assets - -
Government grants utilised in the year (190,477) {190,477)
Interest reccivable (9,691) (16,166)
Dividends received (4,701) (5,184)
Investment losscs/(gains) (31,439) 1,347
Invesiment charges 2,614 2,538
Net cash generated from operating activitics (132,242) (155,226)
OPERATING LEASES
Land and Land and
Buildings Buildings
2021 2020
£ £
Futureminimum lease payments for non-cancellable
Operating leases payable in:
Less thanoneyear 20,000 -
Between one and five years 80,600 -
Over five years 51,667 -
151,667 -

18. OPERATING LEASES

Page 26.

BRIGIITON Y.M.C.A. (Limited by Guarantee}

NOTES TO THE FINANCIAL STATEMENTS (continued)

Year ended 31 MARCII 2021

19. PENSION OBLIGATIONS

‘The Association participated in a contributory pension plan providing defined benefits based on [inal pensionable pay for employces of YMCAs in England, Scotland and Wales, which was closed to new members and accruals on 30 April 2007. Due to insufficient information, the plan’s actuary has advised that it is not possible to separately identify the assets and liabilities relating to ‘I'he Association, The assets of the YMCA pension plan are held separately from those of the Association and at (he year end these were invested in the Mercer Dynamic De-risking Solution, 40% matching portfolio and 60% in the growth portfolio and Schroder (property units only).

‘The most recent completed three year valuation was as at 1 May 2020. 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 held before and aller retirement of 2.59% and 1.09% respectively, the increase in pensions in payment of 2.99% (for RPI capped at 5% p.a.), and the average life expectancy from normal retirement age (of 65) for a current male pensioner of 22.0 years, female 24.4 ycars, and 23.7 years for a male pensioner, female 26.1 years, retiring in 20 years time. The result of the valuation showed that the actuarial value of the assets was £146.I million, which represented 79% of the benefits that had accrued to members.

‘The Pension Plan was closed to new members and future service accrual with effect from 30 April 2007. With removal of[the][salary][linkage][for][benefits,][all][ employed][deferred][ members][became][deferred][ members][as][from][|] May[ 2011.]

|‘The Pension Plan was closed to new members andmembers andand future serviceservice accrual with effecteffect from 30 AprilApril 2007. With removalremoval
of[the] [salary] [linkage] [for] [benefits,] [all][ employed][ employed] [deferred][ members][ members] [became] [deferred][ members][ members] [as] [from] [|] May[ 2011.]|‘The Pension Plan was closed to new members andmembers andand future serviceservice accrual with effecteffect from 30 AprilApril 2007. With removalremoval
of[the] [salary] [linkage] [for] [benefits,] [all][ employed][ employed] [deferred][ members][ members] [became] [deferred][ members][ members] [as] [from] [|] May[ 2011.]|‘The Pension Plan was closed to new members andmembers andand future serviceservice accrual with effecteffect from 30 AprilApril 2007. With removalremoval
of[the] [salary] [linkage] [for] [benefits,] [all][ employed][ employed] [deferred][ members][ members] [became] [deferred][ members][ members] [as] [from] [|] May[ 2011.]|‘The Pension Plan was closed to new members andmembers andand future serviceservice accrual with effecteffect from 30 AprilApril 2007. With removalremoval
of[the] [salary] [linkage] [for] [benefits,] [all][ employed][ employed] [deferred][ members][ members] [became] [deferred][ members][ members] [as] [from] [|] May[ 2011.]|‘The Pension Plan was closed to new members andmembers andand future serviceservice accrual with effecteffect from 30 AprilApril 2007. With removalremoval
of[the] [salary] [linkage] [for] [benefits,] [all][ employed][ employed] [deferred][ members][ members] [became] [deferred][ members][ members] [as] [from] [|] May[ 2011.]|‘The Pension Plan was closed to new members andmembers andand future serviceservice accrual with effecteffect from 30 AprilApril 2007. With removalremoval
of[the] [salary] [linkage] [for] [benefits,] [all][ employed][ employed] [deferred][ members][ members] [became] [deferred][ members][ members] [as] [from] [|] May[ 2011.]|‘The Pension Plan was closed to new members andmembers andand future serviceservice accrual with effecteffect from 30 AprilApril 2007. With removalremoval
of[the] [salary] [linkage] [for] [benefits,] [all][ employed][ employed] [deferred][ members][ members] [became] [deferred][ members][ members] [as] [from] [|] May[ 2011.]|‘The Pension Plan was closed to new members andmembers andand future serviceservice accrual with effecteffect from 30 AprilApril 2007. With removalremoval
of[the] [salary] [linkage] [for] [benefits,] [all][ employed][ employed] [deferred][ members][ members] [became] [deferred][ members][ members] [as] [from] [|] May[ 2011.]| |---|---|---|---|---|---|---|---| |‘The valuation prepared as at
1 May 2020 showed that the YMCA Pension Plan had a deficit of£36 million.
The|||||||| |Association has been|advised that it|will need to make monthly contributionsof£8,344 from 1 May||||2021.Thisamount|| |is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result|||||||of actual| |performanceofthePension Plan. The current recovery period is 8years||||yearscommencing 1°May 2021.|||| |||Repayable|||||| ||||||After more||| ||Within
one ycar|Onc to
twoyears|Two to
five years|Afier five
years|than
TOTAL
oneyear
2021||TOTAL
2020| ||£|£|£|£|x|£|£| |Asat31 March2021|__99,883|100,127|300,379|308,723|709,229
$09,112||| |As at 31 March 2020|96,974|97,210|291,631|202,521|591,362||688,336| ||||||2021||2020| ||||||£||£| |Balance at 1 April|||||688,336||762,666| |Increase in provision
Payments in year|||||217,750
(96,974)||19,820
(94,150)| |Balanceat31March|||||809,112||688,336|

In addition, the Association may have, over time, liabilities in the event of the non-payment by other participating YMCAs of their share of the YMCA Pension Plan's deficit. 11 is not possible currently (o quantify the potential amount that the Associalion may be called upon to pay in the future.