YMCA BRIGHI-CIN BRIGHTON Y.M.CA. ILirnIi by Guarte¢} CHAIRIS AND BOARD OFMANACEMENT REPORT AND FtNANCIAL STAIEMENTS Yttr 31 MARCH 2024 Cowy No., 232941ri Chwity No: S(XI987 R•sistered Provider No: H383J
BRIGHTON Y.M.C.A. IUmltÈd by Guirxlltet) coKrENTS OF THE FINANCIAL STATEMEf4TS Allociation InfoTmation Cholt's R¢port Rwrt Df the Board of Man•8¢ment Re4)on81billti¢3 pf ihe Board ofM4n4gwn¢nt Rtptst of the ]ndÈpdeTht Auditorn 10.12 Stst¢nnl of Compr¢heI¢ th¢ottJe 13 gllt¢m8nt of ChonBw in Reserves 14 Stamcnt of FinanciAI Position 15 Cth Plow Smemclll 16 Not•B to th• FInI1 St•tsm¢nLS 17-28
Pag¢ J. BRIGHTON Y.M.C.A. (Llml¢¢d by GuaraDtte) Compjny Nulnber: 2329407 Ro8iStered HBill8 Assockndon nUMr. H3835 MEMBERS OF THE BOARD OF WAGEME1. J. Johtsslon-Ellls CbAlr D. W. HaneDck H. M¢ShoD¢ J. TadiD8 - r¢sigttd I71r2024 MA.J. RoseDb N. ArCbI81d - Sign¢0 09m8r2023 N.J. Pollard - ippoitited 1511 Ir2023 K.M.J. Hol]ii- appoint1 17KIIJ20 OFFICERS OF THE ASSOCIATIOYI: E. Maddett- Hc*d ofctntral Adminiiirnlion & clpAnY Socrntqry BANKERS: Lloyd% TSB 171 North Str BRIfjHTON BNI IGL Bank of Scotland Que5 Sqyw BRIGFrroN BNI 3FD thbollos 30 (he$bn Strt London EC2V 7QN SOLJCITORS: DMH Slo114rd fjriffia Ilous¢ 135 Hisb Str• Crowley Wesi Sussex RHIO IDQ Oallowayj Ae¢DIIDtin8 AtiAs Chmbe 33 West Street BBJGHTON BNI 2RE AiIDJTORS: Felst Hedgethorno Llmltsj Cbartcred Aecoutttsnts Pre51on PpTk H¢Kue &th Road BRtGHTON BNI 6SB
Poge 2. BRJGHTON Y.M.C, IUml(•d by GuaYlet) CHAIR¥S REPORT Brighton YMCA bm b¢efi pmvidin8 hou8in8 suppffi io th¢ 0fBri8hft •nd Hov¢ 1870. This is imporlani le8o¢y. every deciiion thal is ttitde ii io ensur¢ wt wlll e¢)niitiue Stren8d ond build w this lthritattL Thii neeeMi(•les mpproach found1 uppn td•pi and dev¢lop servic¢¥ lo eThwre thot w¢ m¢¢tinB th¢ ¢v¢ryrfhangin8 De¢d6 of our Clienty our stsff, ow whd¢r ¢ommuDity. Ind our fund¢Th. QJ•n8e li Jn comp1 of •d•ptsllon devel(ynenL •nd this ye•r has 8reat dwage for Brighton YMCA we have delivered our a¢tion plan-'StrMRth¢nlns Foundailfs'. This has setn i very cle4r•Thd careful focus on Our Peopl¢ Ow Pmperties and Slryic. Our Finanee8, Ow Board and Our YMCA. This ellrity #¢J the dwtlopment of ¢wreknve pl•Do to ¢n•w• that we Lnl11Y iryTovin8 dl owopUati meonin8thlly mlt01118 the delivery of the aweed work. This y¢•r ther¢ be¢n a wifi¢ focus on our llnancial BiiitioD throu8b Ilghi st rAJnttt¥l Ood fill1181 prndenee. following ernI >wsof deficit. Thi% h•$ rtsts114xI iti i of £519,687 for the year el1Th8 31 Mtsch 2024 (2023: d¢fi¢it £39J19). This h•4 bn particul•rly pleasing And will •lknv to continw w d¢li owr plnD¢d pro8rnmme of capltal Impffovemefits to enhaDc¢ Ibe f•¢llltl¢s forour cliety. The AtsocI10'1 ptinLiP41 income llrE •Te 8en¢rated from the rent #nd servxe clwl for the 302 Clie# WI liv¢ ieross our 10 PToje¢t& For 1023-24 this •mouth¢d to £3,409275 (2023: £4J33.175) and SUp[ned P¢opl¢ FdIng from Bri8hwTh•NI HO Clry Council £808,647 (2023.. £803,403). Fufflhcrdel•il ¢kn b¢ fouthd In N¢X¢ 2 10 th¢ flmneiil 8thiemcn The C1 of vacant iC¢OmUMthon and debts to £392,982 (2023: £415,I IT) whi¢b lo 7.3% of th¢ relevfint iDcorne receiv4bl¢12023: 9.1%). This c¢lltillU•8 to b¢ In IMpont of th•u1Komy If w¢ towards ro¢ow. In Deeethber 2023. Bri8hton Hov¢ City COUT1] thnt they would be eODdudsn8 a M•Tket T¢5tsni ex¢1 for th¢ rwommi5slonin8 of BrightOD Ind Hove Awp)ned l)ouiin8 We submltted 4 prop(ul in J•nuw thd wttt JUCC¢88fv1 in S¢¢Urin8 lh¢ new ¢ontr¢ts bid for. Th¢ new eontr•¢ts will beiith in rni&2024. How¢ver, al ofthe D¢¢#Jttberknnoun¢em¢nl Bri8bton WKI Hove City Cthmcil infonned w th•1 thry would b¢rnacommiiiionin8 EVOLVE, our wo[k jcmiin80ff¢ri, thal th¢ ¢QDtr•¢t would •nd on 31 M•rch 2024. Thi$ proj1 Iws be prliwj for its WOTk, by G]i¢Dts and professkinab 8lik4 atsd 1¢ Is with pJt418the8s th•( th¢ 8¢rvi¢¢ I8 elld. AD intttased of the prKJrity of f4mdin8 within the public (Or in this curnl xorKxnic and poli1K ¢llnwl¢ hos nKe4il•ted a fo¢u5 OD workin8 W und¢r8¢And wkn w¢ v¢ or8JnIt10tt. what makes ui uniqy¢, and b(W ea dlv¢rslfy out In¢om¢ itr¢&mi MI¢rd Bri¥hlon YMCA'S thture. ThToushwi ihe yoar w¢ ve wotk¢d th develop our 202430 Straityy. This li i documeDI thal allowi 10 eommunicalo clearly we aw, wknl we ¢ld f(¥, ond th¢ widcr comnmutity thould w•nt (o Pr with us lo develop th¢ thW•Y •round w¢i•l howing Ind individli$¢d •upp)n p¢opleTht •r¢ al risk of InleSsnesS or b•v¢ exp¥l¢n¢ed homeksanem. Ow str4tsV hu been developed by ow peopl¢ fot •)w peopk to provide ¢l¢tr dirtcli•)n our dlS1On makin8 In th¢ fvtu The luthythip of Bri8hM YMCA 41so •Xprkhd ¢hAD8t. HéIèDe B•88 Nppolnt•d CEO ID NOnber 2ty23 Ind S•soh Deign)ined os Hd ot OpernlwN ia mCh 2024. Th¢ expcrienee •Dd ¢xp¢rtiK of ljoih Ihe Indlviduals will en•bk th¢ or8thiMlion to ¢wtinue to Ilourisb •nd th• ambitiow of out Strate8y 201¥30. Durins the year Nkhola Ar¢hib&ld and John TMJiti8 Ni8tsed from the we •re 8rnfv1 fot the knVAIbI• cotstrlbuilons th¢y bvé mode during thelr tim¢ on the BO We Wrul1Y TecNi¢ed tsvo n•w Tn41 ITh 2023- NI8 Pollnrd Dd K•ith Hollls. Followino r0Eilent WDP•iRllp Ibur Ordinary M¢rnbv• joi1 th¢ Bo&rd I JaDY•ry 2024- Annthl P¢llts, Akxi8 Howsll Robjorti •fid Kelly Lin. All these peopk bth8 I greit otknowlcdge Ithl expeth lo ¢nb8nce the pTe4xiitinB mtmberxhip of the l)tth. Ow BO1 Telle¢ts our commitmeni to drive EDI •nd GuIiuTal Chse within th¢ B0d ofBrl8htyn YMCAgo Ours0Vernln¢¢ refi¢¢tythe cty)]munity within Hthi¢bwe On behalf of Iht Bcth. I would ththnk ow Itsif team for thpif ¢ommilmoThl dedicalion ts> Iheir clie1. •nd to Bn'Ehton YMCA, it 1$ trn]y inspiriD8. We aT¢ Very to th¢ compssion kiTh]nu8 shown by ¢vwy llKmb¢r of the t¢am who ¢nthle the 0ry1rri6aii(• lo prop1¢ with r¢yet nd ¢rnpathy. FID•lly, I would like v) thank my ftllov Bolrd Mnber¥ who glve th#ir ¢mi¢ ard ¢norgy Son•81Y to enlbk BriTh YMCA m wotk iowards thlin8 homele¢$ troMfornti8 Iivc8. S. J. JohnThEIIis 271h September 2024 D. W. Hthjeoek 1&4W+
BRIGHTON Y.M.CA.
(lan)Ited by Guar&ntee)
Page 3.
REPORT OF THE BOARD OF MANAGEMENT
The rneJDberB of the Board of MaDaBemetsi sllbrn?i their report the Audlted fiw¢i•l ¥thtements for the yr ended 31
Mor¢h 2024.
The objBctlv¢J of Bri8hwts YMCA ar¢ prOVIde a¢¢0mmo(ln •nd wppwt to rAults wbo ore oxpwien¢itts borne1¢$$
to d¢vclop the Jknll4 to liv¢ indeptndcntly. in meetill8 these objedives, tb¢ Association provides PEfxonvcentrt4 trauma
InfornKd Suppo 4pplying the pncipl¢S of pSycl1081Clllly infomi¢d cAvitten15. Our TAte¢S r¢view and dthmiine
the $tr•1¢8i¢ dirt¢tiott &th4 obje¢¢ivts to ensure the Asso¢iatioD'5 activity r¢mains ¢onsislent with our lims. h ¢arryin8 out
tbii review the Trustee5 have coldtrtd the Charity coti]MiB8K'S ienernl guida on publiE benefiL
In eawitiB Out owacilvities for Ihe publl¢btncfiL th¢AsgxffiDtioD h•5 dweloptd ¢QDiiderabk experoi0 supponthgp¢ople
w.ith 8raDg¢of6UPPOrtrequir¢ments, including thd eothplex netds and dull dl•glloFiS and ¢o-znothidity. This vpprk
16 set withlll wnllnually Improv5llA Mework ¢uliAW¢ of ¥1£¢8train8 wl1VersIty ind Indwslon at all ]evelg T0$the
AsstsolatiOII.
At the Btsrt of the yeAr th¢ Association provid¢d 302 units of Supported Housitii individuals In 10 dlfferent PT¢mises
Spr¢8d tlwou8hDUt thc City of Bri8htoJ •nd Hove, and wiffk lumin8 ¥UPPOrt to individuals who wert not ¢n8A8ed In
work, education or kninin8. livimg in th• Dity. Tow8rt1s th¢ tod ofthe year the Jumber of av417abJ¢ units wts reduted to 292
rollow6llg th¢ d¢¢lglon to i¢ll of tbe,¥Ml houi¢' prvpeTtiu.
Tbe Aisoci•tion ¢ontInu focui oo value for money by 811 reww¢¢& Inch18 buaditi8È, thl mon
ieiourcty to asur¢ w¢ mu5rnige th¢iT Use to achi•ve our obieeiiv¢&
A more deiailcd review of our ictivitles li provided bck)w.
STRUCTURE, GOVERFIANCK AND KANAGEMENT
Govornloi dotumeDt
igtsion YMCA ts i ieiisi¢r¢d charlty Dnd Is th¢Tofwe 8ubJxt tc+ dwity law. Its Board ThbcrI, who •re al th¢ tNsle
Ar¢ for eosuiinE thil tbe ehirity Operntd kn acc4)rd•e with ils puTrose$ 45 Jet out in its &de of Gobknwico
•nd its 'MempranthllD & Atslei of ASILItion., which wtrt ttvised In 2020. Board memb¢rs arl also Te5PODsibl¢ for
¢nsMrinB thatthe ¢haTlty's iesourees are used forth05v pwpw, As BTiÈhtOnYMCA Is blso rc8iStered As iLlmlt¢d Company
(a Comp&ny Llmlted by Guèrantee) methbors of the Board also have Ivgol rUpon$lbiliti under tbe Comp8nie8 Acts 01
dtr¢¢¢orB of B charhble
Appoltmeat Of ¢ruil•u •Dd tru•¢ Indu¢doD and tr•lnlng
The m¢mbeTh ofthe BoRrd of m8n8gernt throughot the yé•T ar¢ diselos&a ott p8$e l. S*ps are tsken to Id¢ntify potsntlpl
Botrd who b¢ no ¢oon¢¢iion 10 the AsxxlAIion Twfith l#lB Board m¢mberi. This iacludes local adv¢rtioin8,
4th targethng ifTKomwdedby thE PeTsonnelAdvi•ory GrP, Thc BOardh th¢ pow¢rlo ele0¢ntrUstW who
Boord membw5, in AordanCe wlib the CAth of (lovern•nce. Trutteility forthe govoTraocc ofBri8bton YMCA Th¢ Bo•rd d¢term# strwtr8i¢ dire¢lion aNI
polkies over5e#s oonlrol and Tisk nw)a8em¢nt fr&Tnvwork5 aff estsblished aDd implemented by opezfitiojjal m8Da8emeAL
and enwies th81 the AssoclRlion acbicves Its Bin 8nd obj¢15. Tr BtbOTd meets six timeÈ a y, fo rcYACW ov¢rsighL
85suranG¢ and PTDvide stratsgiG dir¢rtion. arc circula¢eJ to members in lanCe of mBett'ngs. Th¢ 0 li
appointed by the Board. under • ¢ontra¢¢ of ¢mpIo¢n( to rnanage the day day kiperntlott$ of the Asgoci•tion. TTrK
AsSDe4Rtion's strAte£y development attd bwknoss Is dlscth5sed jointly by th¢ Trustee Board •nd the CEO. There IA X
joint commitment b¢tw¢cn thv TTUSteE Bo4TO the CEO tts ¢arry out the agreed bu5ines6 plaD. ImplemcJt8tion of the
operalional activities and dcveknpme is pIlMllY th¢ r¢spun61bility of the CEO, monitored thrnush re1&y iepoJ18 to the
Thtte Board. Tho As$oci•tion aljo bAs four r¢W)ltr GMIps ov¢rB¢¢ specified are of the Aisoriation's work. tkese
the FiD8nrc Group, the Pey5oJJn¢l Groupi Ibe DEVFIopuUI OTOUP oDd the Cli¢n( Setvic¢$ Group.
BRIGlrnbN Y.M.CA. (Umlted by GparAntee) P•8¢ 4. RoRT OF THE BQARD OF MANAGEMENT (oonilBqed) OWECTIVFS (tèotlnuéd) Company strneturt The AsTOCilltion 15 ¢5tabli8h¢d ll5 8 company limita by 8vor•nlee uDder the CI7MPlES Acl 2006, 48 a r¢xistere4 thArfty the Chatiti¢s Acl 2011 ud #s a rew&icred prnvider of social housin8 under llo8]8 and Re8¢ner4lioD Aei 21x18. The Association Is a JDembcr of YMCA Englan RdAtod pard Thc offeTP)J by Bri8lLton YMCA 4r¢ an iDle8rdl pan of Brisht( & Hove City Council's home1¢$&8 pthy •md hom¢le6sncss r#du¢liott str#ie8y. The Assotsiation r¢¢eives a si8nificani &ty)utsl of its core fr¢m Housirb¥ Rekni2d pport cotttrlcls with Brighlon & Hvve City Coun¢il. 18ht0 YMCA worki sn PArknu¥hip with oth¢r lo¢bl WTVICE prthvid¢r8 in the city, Such a8 CGL and AKh H¢Alihcare incMo5in8 th¢ brtsth of 8eNlcoB And wpport 8ce¢sslble to residents living in YMCA Brlihtoii ac¢ommodatioJL ThtABsocialiob workswiib oih¢rlocal Ase1¢$ #nd p)nlclpatts Ill lo¢Jl provlder networks io stsaTe cxwtiic T¢SDurcei And to dev¢lop besl PTacticc wheTevw possible. Prlndp•l rhki and uneeIn11 LOA8 terni incorne J51ability 15 4 sigllific4nt ri8k due lo a lack of diveT8e iDwme Btrepms. Brighton YMCA wtr¢iv xiEnifi¢ant Jmount of Its core fvndln8 from HoNslD8 Rel•t¢d Support con1r•5 wlth Brighton & Hove Clty Council. The rni rontrocts comncnced in Septcmbcr Novunbct 2017 aDd have been extended unlll ibe end d Jun¢ 20, Followin8 4 w¢eegsfvl i¥duin8 proeUi with Bri8htgn WKI Hovo City Council iti 2024, tht majority gf th¢ ¢ontra¢t• ar¢ b¥inB rMeBOtiated will king dglivw•J on IAt Juty 2024. additiL)ty th tht thain SyppDrt contrac14 the Amocilltion also delivered a Wwk & LEmiin8 Support e(thct whkh commtheed in April 2018 ¢nd¢d on 3111 Mar¢b 2(ll4. The Associatlon ha6 S¢CUTed fvndin8 th¢ Offi¢¢ for H¢ahh Improvewt DiBparili¢5 for 12 months stthin$ on IA April 2024. BrlBbion YMCA will ¢ontinu¢ dlv¢rBify inwme 5tr¢AmJ to MlilgA thls aT¢a of risk. A signifKant hlwlth And 8Af•ty in¢ident l¥ Identifi4 •8 • priD¢ipal ri$k to th¢ A5SO¢intioll due to th¢ natyr• of th¢ servkes provthde4J ond tha natur¢ of the ¢ilent youp thalth¢A8sKl8tlon support Ih¢y¢Ar, the A2ao¢iatlom ¢mployed extenthl SUItts lo ¢omplet¢ Ill firt fety riik aut6clI, klionelli riik #isegsrthents and Tr1 thdmkty allth'L Rlik mauB8ememt Th¢ Botrd li rngpnsibl¢ for the Aiwclation'sTisk M•Sement •trate8y which: f•)¢uJ¢s on th¢ $18nlfiwi rlsk5 tht thrtaltn tbe Assoolailon's Abllity (o m¢d lis obJfxllv¢8; and, vides Te•sonabl¢ &WUT4nFi of th8 Mfyritin8 of as%ti. Th¢ Assoclatiots ¢ontinued to develop our apprnath to b•itd OD the thre¢ line8 of thfcnet model, eapturtd in a ¢w¢hen8ive I1 TCBi%tcr, with Tcswlar oversight by Bowd. OFTrtional manAgenwnt cstsbliJh¢d of intenwl ¢oThtrots to impl¢mBnt Its risk m4na8¢m¢n¢ Btr4te8y. Th¢ ImenL ¢onrol ByBtEm is d¢818ned to under•tsnd the risks to th¢ Assoclrttlon, rnafte aLd thi118a withiti agreed rikk PWit¢ levels. rtther thÉL elitiJkn8ie the rlsk of fiilurt th aehieve busiocll ofycctivcs and Ln only PTovide r8•sonab and DQt ¥b501ut¢ assurae a841nl mgterial fin11 Tni8stytem¢nl or 10s5. The key el¢m¢nts •r¢ •1 follows: F4)rmal policicB and procakn¢s w¢in ple I115&th¢doallrThthtl0n ofkoy $ycms, which allowthcmonitor of eontrols. Risk rc815t¢r r¢porttd quarterly to the Finance Advlsory Group f4)r soNiltsy. lop S rfsk5 reporteAI quarttrly kn thc BoBTd. Risk adion pl4Th5 we develop¢d In r¢l•tlon to any ribk ¢•5 thlt are outside the A8to¢i6tion'$ risk appelil¢. BoaTd Jppoinunent of ¢xt¢rn•l judi11vieW ofrisk ID¢ludlng finan. saf¢yardins and hulth & B•fery. Comprchcn5iv¢ nUal budBets complo]ncnl¢d byfiDDncial TrPDrtin8 ¢0 th¢ BoNTd which include4 d¢tsll¢d (wanjY m&nllgcmcDI aecounts reporting actual a8ainstbud8¢ted perfomance and rewlting varianrt& PerfDrmllnce against the annual plan, serviee developtneni ms and ksy IKrfOrn)ce indlcaiats art also rep)rt on # 4terty b#8iS.
BRIGHTQN Y.M.C ([ArnIt by Guar4nlee) Page 5. REPORT OF THE BOARD OF MANAGEMENT (eoAdnued) tor MwJ¢y Brightott YMCA Colll<S to focus on value foT moD¢y. whllc being c]e8r to tske ice¢)unl of thc sotial value impact bEinB delivered, wh¢n con5ideTin8 the use of r¢5QUTces. To ¢nsutt the AssociatiOD achi¢5 value for mon¢y staff monctsry re50urcu ore ¢loJely mjnaeed and monilortsj io etsblc CC4kiittUOUS itiipfovixii¢blt. eonsiderntloo i$ 8IV¢a lo only the e¢thiomic t¢JSt. but alw effiC7en ond ¢ffxtivenw n11ed through kcy pwforrnan indicDtor4, irnpAcI ttnd client Wisfa¢tion rVeyS. A fitrtherreview ofsts£fing SITr¢1¢$ led T¢foGusin8of affrey00¢& TEth¢iD8 mttDagemÈlltToles, tsd TeiDve&tirJsinto frontlln¢ $erYic¢5 to SUPPOts r¢51deAts. Vblut formoney rnetrici-TheV8]u¢for Money Standard i&•J¢d by thE ReBulatorfor Social HousinE TWIiT¢d thtpublication of vJlu¢ tr rnoney m¢irl¢B. Th¢ m¢trl¢s ar¢ 8¢ll¢ral]y use41 by larw IKuslng ?$soGlation with dev¢lopmMt porrfolioB #Dd •ll of the rnetri¢ •r¢ not ¢nliftly applicable to Brlghioll YMCA as the ptlmary fD¢us18 on prtvètitill8 hom¢leBslle88, AkillB d¢vclowetsi creat1ngoppriuni¢i for In the intere#QftrprnBy accouDtability,whEre Ib2 m¢tri li U1¢ated a8 ZKO. this li T¢POrted a$ 8uth, R¢inve4twt Pl¢0&8¢. 6.6% (2023 The r¢lnvcslmcJl pcrcettt£&o ¢otisidtts Ihe investment In prop¢rtlcs (exisltttg slock is well Is new supply) •8 p¢rcgnta8¢ of th¢ Val of lotsl proput5eB held. demonstrang the of Inveslrnent In T¢tion lo thc size of th¢ assei bbsc. The Asioeiation's property stock h•s Mnaled Btsble foy severnl yeats. durills the eutrenl wiod the Auoclatlon be8ud i pfo8fAmme ofthiproverne wotks. 2. New suNJty (Soclal h(win8 unlts) dellv¢r¢d pu¢ent48¢ 0%12023 0%) Tho n¢w supply perce41ts8¢ 8¢ts Out thc nwmber of new so¢Sal housln8 units thii hav¢ b¢¢tt wybtd or dcV¢l0d iti the yetr 48 a proportion of bocial knusin8 lts owned at tht period, The Dtrtsits dots ttot include 80¢illl houBing propttrtiw tr•nsf¢r¥¢d froJD JDother provider. Brighton YMCA QDly providei supported houiiD8 Dd is n¢¢ a d¢v¢lopin8 or8An£841ioD and has not ddlvored any •ddilional UDits durlll8 the period. 3. Qearkn8-0% (2023 0%) The 8eaTin8 pcrccntaBe assesgei how much of the a"ted assets ar¢ made up on debt Ind the dtyee or dependence on debt fin•n¢4 demonJtr•llng thè proportion of borTOWillg in r¢lailon to the Size of the IS ba8e. Th¢ Assocl&don bii no debi fiJth¢¢. 4. EBrrDA (Jllijoriapaiys iti¢lud¢d) inknjt covtt %: 0% {2023 ryo) Th¢ Int¢rest wver mitrlc li • k¢y IDdltoI for liquirfity and thveitment ¢ArIty to th¢ Ivv¢l of 6uTrlus 8¢nerated compr¢d tè inteTeM pyabk, the theawr¢ avoidB any distortion5 St¢mrJins from the d¢preclatsots ¢b&rgt. The Al¢1tic)n hts no dtijt fthao¢e and tktrtf¢)rt i)cuts tso Intetesi eosi. 5. Headline soclil hou¥in8 W8t per unitr. £17,691 {2023 £15,638) As A speci1$¢ suppofid housing provhder, thls r¢fle¢16 tbe txleni of Jupport provlded to resldets4 the infrEN¢tre requirCmth for * re8]tTed Povider of 4UPPUrted housitiB and the high WAB¢ aru the 4xynls10L Op¢rAting rnar8iD (sool&l housiA81¢ttkn8s only) 8.1% (2023 - 1%) The opèrnting nL8TgiD demoDstr8le$ thè pfith61'ty of operniiog asmts bere excotior41 expetssts thi lak¢n into a¢wun¢. Thc ov¢rall operntiD8 marsin: 6.8•A12Q23: -0.7%) 7. R•turn on ¢apithl employa: 4.IVA {2023 -0.4%) Thi8 mcttie C4)rnpared tbE operdtihs surplus to asset8. leu currcni liabi1itiEi Ind it measuTCS thc eifjciBnt investment of capital resources. Key m•M*8tellt p¢rsoJJnel TheBoatd utsd¢rtths ats annwl ¥alaryrnview for a]1 sthff, MKludiD8 kry manaBemeDt personnel, Wilh the •pttdptTcentsge inaS¢ bM"ng applied to all staff. Salary l¢vels fotr IV k¢y manag¢llnI appoiDtments ar¢agre¢d by th¢ Chair ofthe Bw4 lakin8 into a¢¢outti those on offer in other Ioc818nd rtgional Aw¢i81iotts optrhtinE in the sector,
BRIGION Y.M.C. mlt¢d by Guir•nts¢) Pe 6. REPORT OF THE YOARD OFMANAGEMENT (unllnlltd) Ihrm¢d B¢Defit Scheu Thc Trnsleey rttognise possible c(XK¢m T¢latinB ¢0 ltip1¢1ption in a dcfilled benefit PfDsloh h¢Me. Approprla tion has beeTh takeD: Tr wheme was closed th Jcw mcmbers in 2007. ard tht link io fthil lokttt in 2011. Addition0] ¢trIbutIOnS cothirnK lo b¢ D)a& to rea% th¢ doficiL As PBrt of thE YMCA I¢rall0, the MUlti10yer %hem¢1s r by an irtd¢ttd¢ni board of tyjstees with employu r¢pres¢nl4tlom through the Prinelpal Employw, th¢ N4tiotiAI Covncil Df YMCAS. Th¢ P$10 s¢h¢m¢ trustees oblti An a¢111 v81uition cyery thr¢t yeus and we have (¥#1dere4I th¢ implicatlons to ibe dwity's fIn¢S ftom the lattst alIable i¢tLwial vnlulltion. W¢ have wi¢w¢d th¢ ch&rity'6 thillty to c4Dilnu¢ io dellver its ¢h•rithblt obieBtive8 by ¢n8wio8 bud8rf4 forecath pl4Ds ar¢ kvall&bk aDd inclth the Inle1 of 41efKil Tepayments. The Irust¢¢s inGlud¢d Ib¢ impi¢t of petssion 9¢1Kme deficit ¢ODsideriD6 BoinB bjs, r¢8erye4 Ind the rtsks and #¢ertI]nties thli the eknrity fthct noted elsewh¢ in thi$ R4[L The AssoCi10n b¢nefts fmm th¢ penslon xheme trust¢ ld the PTln¢ipal Empkyer srtkiti8 Juithble wiallst profeB8ional adv1 bolh to maDi8e the gclme knd in the eootittuin8 effort to explore ways of Teducing tkn overnll pensi ddb¢lt. The )le$ to the Accoynts ifbchMk4n ac¢(wNkn8polky lknhtr th3t•lls In note 19. PIUNCIPAL ACtIVlTtES On 31W ¢ts 2Q24 th¢ Al>¢14110 proyhjed 292 ofv¥ported These broken down tt follovd: l. will1ll eollier Hou8¢ Willlam Colllor Ih)u prnvidd 94 Jin8lc btthit unit4 with 24.hDur on.sit¢ Sii of wilts •re wmpkly s¢lf.contiinrf of whi¢h 4 aro fvlly •esBIbl$. All nomlDOtlons come from the Housth8 OyloTrs Teaffj within the Coun¢il'8 Aduli So¢iil Catt and HousiD8 DcpDTkncut As in all qH]r PTeM1. w¢ provide streD8ib5 bBs•d perwn ¢entttd. housing rdatgj support 10 belp ¢lients ib¢ ski116 Rnd millen Iv move tywirds IndendenCe. Willlwn Collier IIOU provide$ Highand M•dium SypoT( withresidents ¢xp¢¢d to1Y100$er tb•n 2 y4u8b¢foremovinE" 2. Cor8e William• M¢w• Gcor8e Williami Mews off¢r6 24 bour DnThBli S1]8 And provldel the folJowkn8: 1.5 Geor8e Willijms M¢ws ¢ompzi8¢s 25 S sh8Rd bousc& The 1ML11 pmvidei me41ium support forrpsld¢nts. for bjp kn 2 yean. 6.7 GfAf8¢Willlattts M¢ws ¢omptistk37 Klf.¢tsJtsined#udio fjaty in • thr#-4iot¢yblock of fiats. Thi ¢0OI10ll provides low support for r¢sidettts. for 2 ye. 8 Gwe Iifilliams Mews ¢omprl8os office and trainln8 hcllliie4 th YMCA leIOn provldu and le4rnin8 actMlk8 Includiti8 lifmkilli eourlu that enabl¢ dients tQ 8aM skills Independen¢¢, 3. Fr¢d Emw CAlUrt Fred Emery Co¥rtptoirydt4 32 lf-rlI•1 udio fl•lswith 24 Iw on4it¢ BtsffiTh8. The A¢4ommodAtlott offus low swort Io residw forup lo two ys. 4. Stanley Court Stsnley Court provides 31 lf.tontsiDe4J ljats with 24 howr on-sit¥ thffinB. Th¢ aCCmnYMl•iion oiforj low slip1 to tejidemts foTUP to Iwo y[. 5. Lxsli¢ B¢si House L¢slic Btll Ho¢ provid&ry I I teD8ncies in xlf-¢ontaiDEd floty with 24 hour 0ti4it¢ *wffin8 for siD81o f¢mBk ¢liÈut¥. The ¥v)mmr4JJlion otrevJ low swrt lo re8id¢nts for up to yttr&
BRIGHTON YM.C (Limited by G••r4nt¢e) Page 7. REPORT OF THE BOARD OF hL4NAGEMFI4T(toDtlnued) PRINCIPAL AcllvITIES 6. Morton Court This sebeme provideJ 27 Itsw SUPPDrt t1¢1¢& in kif-ttonthlo Bmdio flats wlth 24 hours tsffing nei8hlThri Geirfge Willian]s Mew4 wlxre also acce¥s lifekill$ coutjes. 1. 158 Old Shoreharn Road Thi6 end4Jf-¢¢rrace proFny pTovldeB low sUJWt t¢n4rKies from 2 selfrycontsined fiats. with 24 houts stafJo$ fr(M fteighbourknB Gw Williami Mewi, wbcrc leDants atso ao¢es8 th¢ lifSkillS Qoursos. Small I8?$. The small IMxtse8 proJeci15 now madl up of l IK)V80 •t 48 Highla7& RD The PToperty providu low iupport JccoDunodatioD for 5 siti8lt cllents who Wish lo ]iv¢ togetb¢r Sn tbis family hou Each clieDI h•8 their own 8ln8k bedroom 4nd they share cotNnuDoI rlliti•L RIdents iupwiEd by • m4na8er with ¢merg¢ncy out of hours Provided fmm n¢i8bbouring Geor8c Wiuiams M¢w4 wh¢r¢ al80 ft¢¢¢ th¢ lif¢.thilts At the bal¢¢ Jbeet dai4 Ib¢ prop¢fii¢8 ft154 B¢afKld Way And 36 B¢nfi¢ld Way had r•thts and VKTBVP for on the open m4Tkrt. 9, SteiJJ¢ Hous8 Sieine comprises 14 &61f-eonMined Aats and i Shar apthont for 4 ollents. YMCA Byl8&ton'6 h•Dd offlc¢ Is cut]Y knated In thls prowty. 10. Bennett Th18 propwty, for whl¢h a four-ywlea3e vrnjtaken Lm by the atsjciation in Avguti 201& tts bevAtenduL provld¢s sc-t0nlned &c¢ommodith with hi8h io m¢diwn support fot10 regldellt& I I. EVOLVE Volunte1 Voc•doDil valth8 * Employment) EVOLVE16 1 floiting support s1ryirx for •dults who zr¢ TK¢iViD8]1n8 Te]id support can lakn the next step IowATd$ ¢du¢8tlon, voluote¢rkn81 VOC4tlonAI tralDln8. employmenl RTrlrntion8. EVQLVE PTovNles a perSonlsCa stren8th>bed servi¢e, etsÉurin8 client's •sptr&ilons gt the h¢art of thelr 811PPOrt ifid >TalA9 them to takeownership ofthEir lif¢. Through a flexible INI creative ipprnath, coAelKs vmrk wlth eliemts to d¢Y¢h)p resili¢n¢e and ¢mbeA po$ldve r¢sP8 to th¢ dW[l¢ng they fxe On their journey to ACHIEVEMENTS AND PRFORmANcE Duriti8 the yt, th¢ Associalion has Conts'nued to provAd¢ safe and secure housthg to our clieths. Folk)wmB the yeJTS of Covid the Trtum to in-peTSDTr xtivili¢J at all out bousin8 w0jec helpcd lo strcD8th¢n thc rommunity conncc1D whicb is such importani part of vAwt BriBhton YMCA 5tsnds for. Th¢ 07140 WDIiDVV5 lo prnvide pported accomtion tQ Tesid¢Jrt5 and dEV'te the itopad of TefttrAIg and kt¢cSS lo wider services Attd pl&¢eMeot opporhltie continues to provide cogcbing lo 1mlivid]5 to work. voluntreTiTJg educotioll. DllTin8 the year, the A$so¢i&ts'on ba5 ¢OAlitiued io involv¢ all its by holdlng relu1 Mn5ultation Meetin at e4ch of its woiects.
BRIGHTON Y.M.C.A. (Llmlted by Gu&Tafft¢te) Pa8t 8. REPORT OF THE BOARD OFMANAGEMENT (¢4mtlllued) PRINCIPAL ACTIV FurthormorE. client repSltiv meat fqmAIty Board mernborB on its degiiiop.makin8 ai¢nl Servi¢¢s AdYi80ry fjroup. Throu8h coThsultaiioi wltb its cllents ill this way, Brighton YMCA hjs • TJng¢ of "OientsldEntifiod Service StsDd8rdB-Loc41 Dffer- to povidt eThbCd Ind ftervlcu for its ffsldents. Thwbout 202%Q024, th¢ As80diots L¢•d¢rsblp i¢wn l¢d QD the d¢liv¢ry of the 2023f2024 strMe8i¢ plaTh tntitled 'str¢ll8theai Found8tlon8'. Addiliotsauy, 4 Strotesy W¢rkin8 ¢3n>up Compri of nIor le•d¢r5 boftt41 was to ovl • ewrehensive lèview Ind s1ktI1der ¢onsuMalitin to inforni the Atsoetsiion 2024-2030 strats. The rasultih8 &rnl¢gy w&s ped ty thc Boud in Jttnll 202A bc relcas¢d publicly in April 2024. PL4NS FOR FufuRf PKRIODS The As&110 hls idétitified i numb¢r of obje¢tiv¢B for the next 6 y¢av8 Ineludin8: Peop]e - We will d¢v¢hp p•y. benefits trainin8 pxkaBa ththt ittrad Tethiti skffled ffl8tr. W¢ will develop a voluThie¥ pr(y•mftw that wlll idd lo ow ¢x16dn8 SUPPOrt offtr. Servi - We will dtliver the molt Jupwtive •nd Bood qUlty hin8 wc ekn by ordinall malnien•n¢e wo and r¢p&irB wltb robu81 sysl¢m5. We Nwlll meuure our imwt by developing • Thwy of aTr8E •Dd will evpluat¢ ourselves Aylttsi evldenceknsed psyGholo8lcAI model of suppon de]Ivery. Wc will review owielv•fj lyinst exi5tin8 and prwed impliatice slandardy tbat we w¢ ible adtv to ll¢w le£l8l•lloD In 8 thely P•mer8hip- W¢ wlll bt mor¢ visibl$ loG•lly •ud Tjftlionally •nd will lobby for ¢lw on beholf of our ¥Nice uieT R¢¥otsT¢E& - Wewill develop Tobult fthkneitil pjw d¢v¢lopaNet Zero I¢M8yi •Th lT8tr4ts8y4nd • Mirk¢t5n8 strAY. INVESTMENf POWERS AND POLICY Th¢ Boord h$ * TreaBUry M•na8emeni Polky 4nd 15 T¢spooNble fr1rdlI10 on inve5tiDE s]U3 fith. The elation ¢uTtently has knds held IJ fLKed inttt¢st t¢mi deposits And mwnt by Invvsk¢ w1th & Invwlment LimAd. RFSERVES POLICY Th¢ Asso¢iabon¥ r¢serns •Y¢ prun•Tity inv¢sted ID Ity WQFerties to PTtivide 1ccomtIon setvite$. Xt is the policy of tho Associ•¢ion th rnainthin a iuffioiettt level of frtt reseTr¢$ to secure Its viability b¢yond the inHnedial¢ fulwe. Th¢ AJso¢iathin h&8 comidered its Teserves policy ID the Ilgbi of the guid 8iv¢n by ihe Cknity Conmiisslon And viC¢ ined fr(ffi copsultants w th¢ Housing A$80¢iJlion MoveoL The Association reiolvtd k) aim to maintain a minirllu kv¢J of fre¢ rcf¢rvM of £J.437.040. 4ulvalent 3 month8 (yPrntion agNinBt kn ueainti9& Fret Te5NYes a131$iMCh 2024 8tcod £2,094.705.
BRKGFfiDN Y.MLA. (Umlted by Gu4raDtee) Page 9. REPORT OF THE BOARD OF MANAGEMENT (¢ollt5ttlled) FUNDS HELD ON BEHALF OF OTHERS Sth4 pro.xtsv¢ly helped (xwouraged cll¢tt¢s W opoft th¢iw b•nk or buildlns g0¢i¢ty a¢¢oimts. Consequ¢ndy, Ib¢ A5s0ci•tioo no lon8er hold fvnds on behalf of othctl. FREEHOU> PROPERTY TheBoaTd of M&ment ¢ooild¢n thai th¢ open mptht v•lu¢ for ¢xi¥iD8 by re81stl PTovidors of 4oci•l Iwusin&pf th¢ freehold prnpeni¢8 is considerably in exoess Ofbook value. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AVDITORS So far 81 the D%mber6 of thè Board ofManAE¢moiit awor¢, there ts no r¢kvant information ( dofined by Seelk 418 of the Compani¢$ A¢1 2006) of wbl¢b the Asso¢iotlon's auditaTh unaw8r¢, and e4¢th rn¢mber of the bwd or manaRem41 h•s ¢ak•D all the stw thLt they ou8bi to bave thkeD i mellftw gf the bNrd of mana8emontj order to mAk¢ th¢mSelfawO ofatty rekvllntaudit inforn14tion•nd toethblish Ib8lthe A&qocl&ion'8 aMditoTh are awart of t1 InforthaiitiL By ord4r of th• Bo•rd S. l. johOn-Ell£S 27th September 2024 Re8ithred otfKe.' Sl¢tw H4)U 55 Old St¢ine Bri¢blo4 BNI INX D. W, H¢0¢k RFSPONSIBILrriES OF TIIE BOARD OF MANAGEMENT Company l•w and r¢8l¢r¢d w¢itl ho18 ksMI10ll requlrn th• Bowd of MwwemDt to prepare finin¢l•l IlAl•iwti for each yo. Under law thtrBD4rd 0fMagemExve ¢keted io prepare th¢ fm•Dcial itat¢ments iti ac¢ord&x¢ wlth UDitEd KinBdom GcntrnllyAfWled AcntIn&PrnCIi¢e (United Kin8thmAc¢ouniiti8 StAndprdB an4applicNblolaw). Under Mmpany law th¢ Board of M08•1111 mtsstfjo¢ arprove th¢ tln•wlal Itat¢ments unl¢gs they are 881isflod thi they 8ive a tN¢ falrvlew of th¢ 814¢e of •fihirn of the A1clatIOn and otlherewlts forth•twigd. Inpreparth8tb¢ft¢ l]tsaMlal thc Bld of m$4n•1 18 Nquirwj ty; selg¢i sulthble a¢cLwntln8 poikaw and then apply them CO1111. makeilld8•ments and tstimateg that &re rnoson4bl¢ •Thd pnthntr, Sla¢¢ whe¢h¢r applicable accounting $thndAr& bev¢ be¢n follow¢4 BubJKt to any TllatctiAI depNrH dls¢losed explaIll an th¢ 17nll Stat¢Mw. Bnd. preparethc fllkancial stsiemenls on the goin8 nblsUn161$ it in4woprlate to preoum¢ ththe AMoriatiQD wlll ntill¢ in busin¢55. Th¢ Bowd of MRna8em¢nt Is re5ponsibl6 for kttpiD8 PToppr cOUntin6 T¢¢ords which disclose N'iih reasonable bny time the financial position of the A&yociation and enable li to ettsure that th¢ 15nancial stslements eomply with Th¢ Artoiintin£ Dlrteiiots for SoclAI Houslni In ETrglaDLI April 20lS1, lh¢ Housini And R¢&tration Act 218. tht Compani¢s Act 2006. li IS gcneral ttiponsibility f(YtskiD8 W¢W8on4bl¢ 8repJ to bttfeEU4Td the as8els of the As¥od4tioTh and to prev4 and de fraud oth•T irra8ulaTitits. Th• Board ofMaDagemwt u¢ Jh¢m on pw l.
Page10.
ThEPENDENT AUDITORSI REPORT TO THE MEMBERS OF
BRIGHTON Y.M.C.A. (Llmtttd by GwaTbAt••)
OplRIoD
We have audited the financial tstsments of Brighivn Y.M.C.A (th¢'a559ciatigDJ foT thc ycat 31 Mprch 2024 which
compTiSC th¢Stst¢men1 o£Compr¢bensive Income, St4t¢DwIi of Changes in Reservcs, Stst¢meni of FinAncI Posiu0 C4sh
low Sthitmcnt, Noies to the Finttncial Stst¢theJL% iticludinÈ a of si8thifi¢fttsl accounting poll¢i¢s Tr financlal
frtmtwork th&t ha5 bEen bpplied in thcir PTep•TgtiQD is appli¢able Ifsw and UDlttd KillBdom A¢¢ountiDg Standard
including Finanoial Reportlns Stsndard 102 The Finin¢iBI Reportin8 Sl8ndard upplic¥bl¢ in th¢ UK alld Rwbli¢ of ITelhnd'
(UttiieAI Kin8dDm Gencrally Acceptsd Aceounling Prnctice).
In ouropinion the finan¢lal $latcmcnts',
Sivc & trne And fairvi¢w oftht of Ib¢ •ssocitition ffairi as at 31 Mar¢b2024 of Its kn¢otht eThl wienditUTC
forthB year they end¢d.
hay¢ be¢D Pr{erIY pr¢pared in rdanc• witb UDiled Kingdom Generally A¢G¢pted A¢¢ountins PtiCe. and,
hav¢ been pryared kn &oeottIaJe with the CIwi1ieg A¢1 2011, the Flousing R4eneratlLlll 2 and Tht
Aeeountin8 Dire¢tion foT }vale R¢8i¥lrT¢d Provi(kts of Social HousitiB 2019.
Bath for oplnlon
We CODdudcd ow Axdlt in 2ccordAncc with17rtenbalionil Slhndardo on Auditing (UK) (ISAI (UK)> aw11bItt law. Our
rttpowibiliti¢8 umder those $tond•rds pr¢ furth¢r de8¢nlKd in th¢ Auilitt>T¥ Tv$ponsibllities for the audit of the fitffjnclol
stftt¢ments xctioTh of our report, We Ire Ind¢1¢1 of the 418o¢tstion in e¢ordanc¢ with the tihlcal Tequiyements thAI are
ielevnl to our audit of thc f¢101 rtatemEDts ill tkn UK Rncludill8 thc FRC'S Ethieal Standtr4 And we blve hlfilled our
othu EthKal T¢SponsJi)ilitlei in accordaD¢4 with the Teqlliten. W¢ b¢lieve tht th¢ audit ¢VId we hove 011¢d ts
$uffi¢hnt llThd •pproprfo¢¢ tt) provld¢ 4 for our oplnlon,
cillelwi0 rtlatlxi to gtslnl tort¢ern
In auditinB the rIn¢la1 6t4t4ments, hJv¢ ¢onCla that the dire
]T4DEPENDENT AUDITORS. REPORT TO hllEMBERS OF BRIGITfoN YM.C.A. ILlmlted b), GuraDle¢) (ntInued) M&tt¢rs wblth w• Are reqwired to report by exeepiion (toniloued) We bave nothin8 ¢0 r¢port In m5PQCt of the following mattrES In r¢l•tion ty Mthich the Compenics A¢t 2006 Tequir us lo rcp lo you If, iti opiThion: adequate Rccounting Teeordi have nol been kepl or T¢turns adeqwts for out audii hiv¢ not t¢¢n ¢¢1Y from brno¢h¢B not v15i¢ed by us; or, ihe fInanC ststements ate noi th AgreemMt wllh the accoun1 retords attd retyrn8: or. certain digclosuTes of dittcthrs. TriiwttcralioD SPlfied bylaw not mide. or, w¢ ng1 Te¢oiv¢d Ill th¢ illfoTuktion •Ad ¢xpl&tiations we r¢quir¢ for our audil. Jn addition. w¢ bavt nothin8 to Ttpon In resp1 of th¢ foU(bwin8 where the Houslllg qlld Re8eneTation Ad 21 requlr¢s us to re)rt to you if, in our opinion.. a 8athfa¢tory system of ¢ontml over tr•nsaGtioM bas nol been m•knt•thed. Reiponilbllltle• of truite As ¢xpliStsed mor¢ fvlly ill (he ResponsIbili¢S of thc Bi)rd of Maoawwni 8et out on pi8¢ nln< the boanl mornbews (who are a]50 thc dIrt0 oftbe associatlon for the of company law) •re Tesp¢)nsible for thè pr¢p4rat5on ofthe fjnancial $4l¢m¢Dts and for b¢in£ satisfied Ihut they give i true fatr vlew. and for such internal control the $e5 detemtht nec¢sxary to enabl¢ Ibepr¢pArnilon of fIn1claI •leMts thnt aye free froth malorlAI mis5tat¢menC wlth the to frtsl or error. In pr¢pthni the tln•ncl•l 5¢itsm¢Dts, the boJTd li respon8lbl4 for 1$8essln8 th¢ wso¢i•tlon% ability lo ¢ontill¢ li 1 ¢054 cixKem, diKIosini, 8ppIic4bh, mAtter5 related tQ SQin8 C[ern using the 8olns Mncern bJ575 of •cconDtin8 unl Ihe Irukn Either Intend la liquidAtr the asso¢lAtloA or to ceHse op¢ralions. or have Thts ttalistio allelIve but lo do . Audllots, rtsponslbllltles for th¢ Apdlt of the llnnDt611 ititemtnts Our (thjeetiv¢i Arc to obtain TeiÉotsable a&suronc¢ 4bou¢ wh¢th¢r the fm8noial Gtaternents as i whole ve fr¢¢ frnm mwleTl•l I$$tn¢1, wb¢th¢T due to fraud or tnor, knd Éth4uditor's r¢pon th4t iD¢ludu our opinion. Re48onabl¢ aK8uraDce a bigb kvel o(assuiAnce, It ts Dc•t W 8want¢¢ thal an attdit C4XK1ucled kn •¢cord•n with ISAI (UK) will alwiyi dthtcl Dwterial misslatcmvnt when it exists. Misstst¢m¢nts ar1 from fraud or enor And ar¢ Sidered nter1] if. Indiv4dually or in th¢ a88re8al4 tbey eould rt&s¢)hbty be e%p¢Gi¢d to intluence the eeonomic dlS1O$ of UBers kn ¢)n the basis of theB¢ Ilnllnolil statements. Th• ¢Jt•nt to wbkb tb• idit ¢oDsJd•r•d capable of dets¢tlo£ Irre8wl•rllld Ineludlll8 fr4ud IrTe8ulwilieB. Includln8 frnu& ar• instxncu of ¢cOmplin¢6 wlth Ilws and MRulions. We desigrj pro¢eduTes in line with our rtSPODÈibi]iti¢S, Olltlin¢d Ibove, lo d¢te¢¢ mBtCTial mi55taternents in Ttspe¢t of iTre8ulatiti¢s, includin8 The eXtt lo wbith our pro¢eduTe5 are cyble of delLtitig iff¢8ularllles. iticludillg fizud is dctsiled b¢low. Cmr approhcb ¢0 identifying and awming the ri8ki ornmli1 m1581Al¢mrDI ID T¢Sp 0£]e81e% knludiD8 fraud •nd nott-compiiAnco wlth laws oDd resul•tion& was as followi., the etb8wDxnipatbier ted thAt th¢ cdkntivety had the 8ppropriat¢ Comp•len, ¢yblllli¢s 5ki11s to id¢Mify or reco16¢ nrm-¢omplith¢e with appllcabl¢ lllw6 and r¢BU]ations; we Identif1¢d the Iwws and r•8ulatiODS 4Jplic&ble io the ¢c4iwany throu8lJ diBcu$5ions with dire¢toTs other InlSeMe( and from our¢oram¢r¢Aal knowl¢dBe Dnd apuitn¢c of th¢ Iwu8in8 sector. w¢ fo¢ui¢d ipoEific laws Ind rtgulatiotts whi¢h w¢ ¢onsid¢r¢d mly bave a diTecI Otenl effe¢¢ oll th¢ ftiCIa1 swements or the opeTatiL)M of the ¢ompaay. includiti8 the Clwities Act 20J I, HousinB ReBtzkration A¢t2001. A¢counliD8 DirteiiorL for Socifil HousAn8 in Engld from January 201YI, laxation It8tslatioD and dlts PTots¢lio anli-brib¢ry, employmenL eThvirDnnmthl olld heh Ind Af¢ty legi51ition: we •55C5sed Ihe extent of complian¢e With the laws artd 111($ Id¢ntifi¢d obove tbroutsh rnaki tswirics of M1E¢m¢nt and itttspecting iegAI L¥TrThcwdeDce; and identified lows and regulations WCTe communi¢ad withiti th¢ •udi¢ te Tegulnrty And the rnthaln alert instAttCCS of non-wmpllan¢8 thToUghO the audil. We assessed the BUtibIlIty of the 4Y)TThP8ny'S fjnwial 8r4l¢m¢nts to mot¢rial miuiliemtnl. includtsB obwinin8 underst•ndin8 of how frDud mi8bioocur, by: making enqUiri of mAoaBemenl 8s lo where they coDsid¢ied was susctpilbility 10 hud. Ib¢ir kn¢)wledBe ol IA141, 8uspe¢wl and alleg fr4ud' aDd eonBidering the intcmal ntrol5 in pla¢¢ to mitigatr risks of fraud non-¢othpliNo¢¢ wilh laws and regulations.
PRBe 11 INDEPENDENT AUDITOR REPORT TO THE MEMBERS OF BiUGHTON Y.M.CA. lted by Gu4r•At¢e) Audllon, rMpDJsibllltlri for th¢ of th¢ flm•Dd•J stql¢rneJts (cDn¢lnued) To addrws tho rl¥k of fr•Dd dvou&b mmaÈethenl bias •nd ov¢nide Orc1]4 wc: p¢rforthed tyt1Al procedu# to identify orMupectrdT¢IDtionshlp¥ tcslcd jownal CDtries to idcnlify unusu•l Ir4nsKIIo 4SSEsd whelh¢r jud8an¢nls and assuniptions made in deltrniinihg the aeethnlin8 ¢imatel WtTE indicativ¢ of poRndAI b1 atsd Investigtae ration¥ b¢hind si8alflcantQT unuNwl trannclions. lil T¢spons¢ to lh¢ ri9k of iTh¢Bulriti¢S d nonwcornplianEC with IM re8ulation4 w• desi4 prothB whl¢h incknded, I1 were not limit to: sreeing 8t•(ern¢nt dl$clogur¢s 10 uftd¢rlyiti8 Èupptirw do¢umiDtslion; rdI8 th• MIn¢S of mediti4s Ortho ohttr8 with 8overni)te: uirkn8 ofmanageoil •s10 •etual •nd potential litiBation And claimk TheTe ue inherent limit4tio#s in our •ud1tpr¢dl0s d¢s¢ribed &bov¢. Tr fftore r¢moved Ib&i rt8ulalions nre from fm8nci•l tr1n510S th¢ less likely li il Iht we would bceomc aw of n0nllcoryiliw. Auditing andards also limii th¢ •udit pro¢¢dur¢s Tequired th idtntify non.complian¢¢ with la and Te8ul4tiOnS to ¢nquiry of the dir¢¢tor$ ind oth IIWW8emeht •nd th¢ fin4)tir of r¢8ul•tory and lesal ¢off¢sponde. If y. Material rnilstotements ikni Afi8e due lo frmxl cm be knrdcr ID d¢t¢ct thth th¢ thai ariK from elr M they miy Involve d¢lib¢rnt¢ ¢ott¢eilme#i or ¢ollusiott. A fvrfher dexription of ow rew1b1]Iti¢l foT the audlt of the finonci•l Itsttsents Is l¢Kaled on the Flnallctsl R¢poTtinB Coun¢il'i websit¢ •1: wgnv.frc.ory.uk1audirs[tqI0s1bll1t1c5, This deiptiO fomu of our auditor's repon. o(oMr report Thls Teporl is (nad¢ sohty to the •swrtslion'8 rnemb¢r& &bodY. l •ccorthn¢e with Cbapr 3 of Pth 16 of the eompttniei Act 2(106 settlon 137 of th6 Ilouskn8 and ke8eneration Act 21yJ8. Ow iudii WOTk has been UDdertaken so that w¢ m68ht stste lo th¢ usocifftlion's membcrn those n]atter8 wc •re requid to stale lo them In •n auditor's rert Ind for other putytsse. To the fullut extert permitted by Iiw, we do no¢ Hcq)¢ (rf Assume rMpoJ6lbUlty w 4ny¢n¢ oiber thc •Mocialion andth¢ •u0¢1•On'$ rn¢mb•rn AB a body, for our w, for thli r¢wL ¢¢ for the opinlons we bivc forrne ChTiS Morry (Senior Sl•Thrtory Apdhor) for and on boh41f of F¢l81 Hediethornc Limlkd Sththtory Audiiors Cbarleftd ACCO11 Preston Park House South kood Brighion Easi Sussex BNI 6SB Dat¢:..a7....SepkSAr..24
BRIGFrroN Y.M.CA. (Llmlt¢d by GuarAJtse) Psge IJ. srATEMENf OFCOMPIIEHENSIVE INCOME Y&gr ended 31 fARcH 2024 2024 2023 Nol• TURNOVER 6,179.650 S,238,049 OpernnI costs (5,7J9.431) (5277.135) OPERATINC SURPLUW(DEFICIT) 420,219 (39,086) 04iD on di$p08018 of fixed 4SS (Lus)18Llts on irtvestments Dividmd Tncom¢ 17.466 18,941 6.549 29.959 26,553 1.176 (27.456) s84 Donktlons 20,357 stIRPLUSI(DEFICTf) FOR THE YEAR 519.687 (39,319) ActiJJTial Bairflou) in r¢spo¢t of p¢n8lon r 2B7,768 TOTAL COMPREUENSIVE INCOME FOR THE YFAR 807,4SS (39J19) Thertt were na diAeontiDued oparAtions duriJ8 thc y¢r. The AQte8 on p4¢1 17 to 28 fonrl Wt ofikes¢ f141 smell. 2710912024 Tht fiuawiil i11tllts w¢re •pprovtd by thr Boud on ,. . nnd signed on its bèknlf by 8. J. JoIlltOn.E1ll D. W. Hanco¢k
Pag¢ 14. BRIGirroN Y.M.CA (LSmlted by GuAranle¢> srATEMENf OF CILE8 IN RESERVES YeY eDd¢a 31 MARCH 2024 Intom¢ Dd Expcndltsr¢ Reserv• Rilrlded Restrv• Revalu4tlrJn Rtstrve Total Balan¢¢ as l Awll 2023 5,120th81 5,126MI Surpkn frwn slatemenl of mprtlwnsive itieon 807.455 807.453 Trnnsf¢T from r¢v•lUtoll r¢5¢1V¢ I inGom¢ and pendItUre TeseTve TTansfer of Te5¢ri¢tEd expendilure from wmtri¢ted ruerve Bl•n¢t It 31 MAr¢h 2024 &934130 S934.136 The noi¢8 on pits3 17 10 28 f¢yrm part of these Sth*mcnti.
BRIGHTON Y.N£e.A. (Umtted by GuaraLtee) PaR¢ 15. sTATEfvfE OF FINANCIAL POSTfIoN AI 31 MARCH 2024 2023 FIXED ASSETS Tan8ibl¢ gets- Tr$18 prwues ran8ible bssets- oth Inve4tsnents 7,861,617 131. 287,889 7,632.093 138.606 266,878 10 TOTAL FIXED ASSETS 8,281,328 8,037,577 CURRENT ASSETS Sbk of PTOViIiOIII Debiors ond Pl¢Yen¢$ CAsh •nd ¢ash ¢WivNknts 6225 516.50$ 2J05,866 12 474.282 2233.671 l82&696 2,714.278 CREDITORSI f•llth8 du IthlA one ytmr 13 (686J23) (557,458) NET CURRENT ASSETS 2.142,371 2,156,820 Moni¢s hcld foT Tasidts Am(wnu duo resld¢bLs 438 (438) TtrfAL ASSETS LW CURRKNf LIABILITIES 10,423,699 10,194.J97 CREDITORS: I110¥all¢ ft•r m•ré than one year 14 (4251,480) (4.441.9S7) FronI for U#blXII - Dofincd Benefi¢ P¢Mion S¢h¢m¢ 19 (23&083) (62S,759) TOTAL NIT ASSETS 3.934,136 S12Q681 CAPITAL AND RESEAVES Rev<nue teserv¢8 16 5,934,136 5.14681 S,934,136 Sl468J The notes on p4•s 17 to 28 fonn port ofthese 1knanci stalem. 2710912024 Th8 finuKial #at¥D¢n¢s w¢r¢ OPPToved by th¢ Board on ..................,........ and slwxd on Its l*hJlf by S. J. JohDStQll-Ellis D. W, HOCk Ih/l .
Page 16. BRIGHTON Y.M.CA. (Llllthed by Gv*rautee) CASH FLOW STATEMENT Ye•Y eDded 31 WCH 2024 1023 N•t¢ NET CASH oirrFIA)W FROM OPERATINC AcllviTIES 17 630.069 179.611 ACTIVITIES Purchast of tatiBiblt fixed asxts Pro¢e¢th from 1¢ of t•n8ibk flled •88•ts Interesl r¢¢eiv ¢hot oftsvéJtsnoDts Sal¢ of iDV¢rtm¢n Dfvi¢l¢nd Incom¢ Inv¢gIml {589.683) (92,384) 2,599 106 (60.788) 50,893 5234 (2,646) 29.959 (53,154) 51,527 6,105 (2,628) {557.874) (94986) CASH Flnw FROM FINAWCtNG ACTIVITIES NET CIIANCE IN CASH AND CASH EQUTVALZNTS 72,195 8Z,637 CASH AND CASH EQUIVALENTS AT BEGINNINC OF THE YEAR 2233.671 2,151.034 CASH AND CASH EQUIVALENT8 AT Ef4D OF THE YEAR 2 J05.866 2.233.671 The notBi on pases J7 to 28 fornj wt of ¢heB¢ fin¢117 st8l•m¢ntB.
BRIGHTON Y.M.C.A. (Ltmittd by PaB¢ 17. NOTES TD THE F]NAh'CIAL STATEMENTS Y¢4r ended 31 MARCH 2&24 I. ACCOUNTtNG POLIaES IIKpTiDciplll accounting poli¢les of theACIatiOn art tel oui below: a) L¢8al sla$ Th¢ •sso¢latioo 18 1 company limityj by st¢4 iDCQTporBt¢d in Fd wl Wttles, r¥81stered uttder th¢ Comp&tiits A¢t 2(KJ6 and is a T¢giSt¢red brMJsill8 provider and rbATIty. Th¢ r¢Wstw¢d offic¢ of the Is Swlo¢ Koum, 33 Old Stsin< BTi8hton, BNI IN b) AcMuzbtin8 basi¥ The fmthoial Ststern Ire proared In •¢¢ordanc¢ wjth UK G¢nwaJly A¢¢¢pled AccDUTrtinB Practiec GLIP) in¢ludin8 Fin4n¢i41 R¢poTting Standard 102 (FRS 102). tho Hou5itig SORP 2014: Ststsmetsl of RKomDThded for Repsler¢d Soclal Howsing PToviderw knd the Aoc4Jmtln8 Dro¢tiom Prlva R¢w8ld¥d Ptovidern ofsocial Howin8. Th¢ pr¢B¢nlatlon•l orth¢ fm•n¢id sts1¢Dnts i¥ pound 8terlin8 (£). Th¢ membm of th¢ Board of Mqm•8¢meBI have L r4uonabl¢ txpe¢tatlom Ihai the Auo¢iation Iw •&qupl¢ te5ourco8 4nd ns¢rY¢5 to b¢ •bl¢ lo its opEntions for the f(KeseeAble kn. The Boud btve eon¢luded that th¢ financial teMentS should colTht to b¢ pr¢pwr¢d v$in8 the 80ins emeeTn bamx. e) Si7ficIn1jUdggmrTrts •JKI lat¢S Prtymtion of the fill¢1 slat¢mcnls requirn to signific•Jt aDd Klimats. The item% in the financial slatem¢nts wher¢ thuc jud8trn¢nts and eslim&l¢s have betsn m•d¢ lJclude: l) Sl8Thlfi¢nt mAnA8¢nKtttJudgthiaMs Ther¢ h&Veb no maetnnt jud6¢m¢ats m#de when ipplyin8 the ACWtknR poll¢l¢s of th¢ 11) EstimOn wKerlaknty InfonlIon &bcMA e81ith81es ind lumpts$ th01 hiv¢ ¢be mogl slsnlfi¢•nt effvxt on T•co8Dition and mrawi¢m¢nt of asrt li&biliti¢¥. iDcome w)d¢xpuw3 is pro¥A¢kdbelow. Acluo] results mwy be 5ub51wnd•lly diffKent. a) Uxfvl life of thpreu.able aSSEts mwgei)1 rty1t iti ettimate of tht Us¢1 Ilv¢s of depr¢clible ¢Jth T•POrtinE dkn based on the expxtrd utility of the a#els. Unc¢rtaiDtie5 in thole estIleS rel41¢ io iocknIo8iCAI rt+so1esc¢¢ that may chwe the Ulillty ofcertain 9)hw•r¢ wlld IT equipm¢nt Jnd change5 io d¢¢enl bDrnes standords wtsich quire mott fyequetsi rtpla¢eth¢nl ofkty MPOn¢ll d¢pr¢ciilion 0$ w 3] Matth 2024 wrys £631J71. b) Defrntd benEfit obllgaliatt I1) Manfigcmcnl'8 ¢81im8ie of the DBO is bps¢d OD • nomberof ¢rltS¢4l widerlyiNg as5urnptsons suth as stsndard TateB of inllation. mortality, discount Tait knd knddpatiffj of solary iweasel. V¥ifttlon In th¢s¢ 45sump¢ions may sisnificpntly iDIP4¢t th¢ DBO #mount and the annual defincd benefii expe$ (89 8a8lystd in Note 19. The colltractual liabilty ai 31 Marth 2024 was £238.083,
Pi8e J 8, BRIGHTON Y.KCA. (Limit by (h&raDtee) NOTES TO THE FINANCIAL STATEMENTS leon¢lnM¢rfJ Year •Dded 31 MARCH 2024 I. ACCOUNTING FOUCIES (cotttlnll•d) d) T•ution The A511th0n is i re¥is¢er¢d chity quali.D8 foj ¢x¢mptson from Iorn4 C.orywatJon •nd C•plthl O•ins Tax. ¢) D¢f¢rffd Dc(¢rTc41 ine4)m¢ r¢pre5Mts k)ounts rec¢ive4 for fUtw¢pttd8 •Dd18 reka%d w in18 r¢T¢¢1 ID the perlod wbich it Tdlltes. Housing p5¢5 Hou8in8 propcrties Wd for thc PTOViSiOn of 8ociAI housin8 OT to (kni•c providc b¢n¢fiL Housin8 p$1¢5 principlY pr(ywd¢s •vAUobl¢ for rent are Stat at 11¢55 IVI8¢ d¢w¢¢lati¢ Ind ImlIMent losses, Cost kn¢ludu the ¢oA of a¢quirin8 l&nd Attd builditi8 dev¢lopth#ttt ¢OSL8 alld lllt¢t¢st char8ed on ibe mortga8t lo to fiDe the schern¢. Works to ¢xistlng pmpertles Whl¢b r¢plieo • Com)fieDt that has been trethd AeprAtoty for d¢pre¢ialioii purpow, 1lon8 wlth those workn thai ffsult in In incTttte iti nrf iticom¢ over thc live8 of the pryrW tbtreby cnhaocinl the economic benefits orth¢ ¢11. ¢1111d as improvem•nt& 8) Gov¢rnm¢nl 8M18 Governrnenl include Stxial Howing Orints and gronts from loc•1 authoriti&8 ond oiher As$14110n. Governm¢ni 8rAnts i¢o¢lv¢d for housth8 prortIeS ar¢ reoo8nlsed th¢ome over the useful lif¢ ot Ihe houslrypmpety 8tN¢tUT¢ applib Its individuil e(xwn¢ots (ex¢luditi8 land) under the aettulls (h•nts Teli¢in8 10 rtveM]e re¢wtsed In In¢omc attd expendlluff over the iame perlcd 15 lh¢ e4KhdlMrt 10 whi¢h ihty rtknie once TeJsoDablo IAI bccll thol the entity will coThJply with the conditiom and th•t the fuThds will be r¢¢elve ) Depr¢¢latlots Qf ¢An8lble ted as& D¢wtti•tion 1$ proYid¢d om Ibe (ollowln8 bASiS: Re81d¢nts' furnitt wbkks Horti¢ullural equipment Office fwnitswe and kil¢lM ¢quipmenl 33 113% wr •nNm on cmt 25% pet I¢dlAS 20% PET rnducin8 hlanct 20% per Annum on cost i) ]mpoirnwnt Annually housiti8 propertles •re ossessed for impirmeni iDdieator& Wher¢ kndi¢Ètths Id¢ntlfied Oll asse&4thent for impfiimbeut is undcrtak¢n CDrnptiriry thBcarryin8 Imoiintto its r¢cov¢rablc Whcr¢ thc caThyin8 aTt li deemed lo exc#d its recov¢rpbk amouni. the 8ch¢rnc18 ille dovrn to its Yecovcrabl¢ amouDL The reguliin8 Impolrnieftl loss is reco8niscd is optratiti8 txpthditurt. J) Pension &ch¢me The AtsociatiOD porticat¢d in a multimployK (kfiDed bemfft pen8ion plan for employees of YMCAS England, Scotla1 Dnd Wal¢s. which w4sclosed lo new mcmber8 attd 8L%rnals on 30April 2007. Du¢ lo Inse1¢1 rOMtiO the plan's Ixluory hès •dvised that it 1$ Dvt Po•b 10 5¢par8tety ideDlify Ihe ets a1 liabiliti lating to Bii8hlw) YMCA.
PaBe 19. BRJGHTON Y.M.C.A. (Umlled by Cuarintto> NOTES TO ThE PINANCIAL STATEMENTS (Lwnthiued) Year DDd•d 31 IARCH 2124 I. ACCQiiNTINC POLICIES (eondnv¢d) j) P#tssioth fKh¢me (oottrlnued) As deibed iD not¢ 19, Brightom YMCA has & ¢iw¢rnolu41 obli801ion to make 1[0D deficit Plyllleats of £77,571pa ovtt the pcriTra to April 2027 (2023: £101906pA 10 Awil 2029), Rccordingly this 15 thDivn 05 a liobijity in thex acrDunts, ITL idditiott, Bri8bton YMCA is requiThl to contnbutt £24.723pa (2023: £24377p4) lo Ihe operntinB expmses of th¢ Pension PlaD Dd thes¢ costs Ore dw8¢d to tho Stsiement ofcomprehen8ive IDcomc ai The ASS10 also vpwatek 4 defits Ly)ntsibutioft pethslon scheme. The AssociLtion'$ ootstslblli#)ns lo this heme Ar¢ ¢hir8ed lo th¢ Income F.xp¢rylitsrc A¢thJnt kn the perl¢>J to whl¢h they relats. k) R¢B¢fv¢8 It ij the policy of the Assocl&tioJ a 8uffici¢nt l¢vel of resutV¢i secur¢ Its viabiilty beyond lh¢ IMM1 fvture. Tht Aswciation has con&idertd its reserve policy in th¢ li8ht of the 8uidknc£ 8iv¢tt by the Charity C4x))nsSknn Ind odvl¢¢ obtaiTred ¢ODiult&ttts 10 the Hou6iU8 As$oclatlon rnov¢rneDt. The Assoeliiitin maiatains a level of tcseNe$ J84lnst fvtsr¢ unc¢rt•intlK. Thi$ l¢vel of rtseTr¢s 5$ r¢viow¢d inThuily by tho BoArd. l) R•strl¢ted Re$erY¢5 Re¥tricled reserve fttnds th to be fol specRfi¢ pUse$ w direeled by the doJKJr. ) Tumovcr Turnovor compris?B in¢Dm¢ from lellitiBs incluth8 reAts s¢rvice ¢har8oi duE from re8ideoti. Senpke cb•t ¢omprise set amounts ¢bBr8¢d to r¢81d¢nt$ to wntrlbll tOWArds the cost of boRt, Ilght nlld wLt¢r. R¢al$ and ¥Eryice ehtr8es tre lOUIled *Nd Agreed In •dv•nc¢ of th¢ $tart of the ye&r. Amounts received from Supportlns P¢opl¢ CoThtsacts are also iTrcludcd in lurntsvtl. n) Orntin$ l¢ues Opw4tSn8 leaxg pre ¢har8ed to the Income and Exptndititre AKount in 4u•l apDual amounts over the klse trnrl. o) Fin•r¢itil Finits¢lal knstrntnentg whlch meet th¢ cthri4 of a basic fin¢11 instrumenl as defJn¢d la Sxtion I l of FRS IIY2 ar¢ accounted forundcr an amorti9ed hislori¢ ¢ost model, Basi¢ finatt¢l81 Initruments 8r¢ rKo8nld at •mortised histOTiC eo81. NolFbl¢ financial in8trumats JT¢ Tccognised tht fnir valuo usitig 4 v8luat5om ts¢hnique with aoy 8aiu or loi beitiB t¢)tsrfed IA surplus defjcll. A1 each yeat end, the inslrumis •rer¢valued to rth value, with th¢movements post¢d to the in¢omt ¢xpth]ditutt (tshlcss bcdg6 acoclmting is •ppIKd). The a9¢10t11)ll bas nat adopttd hedge }unth18 for the f1]ntil1 ioknonls. p) Investsnents Jnvestments held a5 fixed a$50ts aTZ Staled ai m8rketvalue. Any Bain or loss on rnvalu&tion i$ thkert io the stthlemetsl of conJpr¢h¢Jsiv¢ in¢om¢,
P48e 20. BRIGITfoN Y.M.e.A. (Llml¢¢d by Gunte) N(8 TO THE FINANaAL STATEMENTS (eonthiued) Year ended JI MARCH 2024 I. TURNOVERAND OPEJL4ThC SURPLUSIIDEFICIT) Suppwted Olh•r 1024 2023 A) JJcwThe frorn l¢ttlDeJ •nd proJt¢ Rthi receivable not of identifi&ble ler¥i chnT8¢9 Service ¢harKeJ reeeiY#bk Extt8 4JP)rt service4 5.131,350 5,131350 4,](1.501 277.925 277,Y25 3r2,78Q {106) 5809375 5.409,275 4.533,175 R¢nt lone5 from voids S¢ryi¢¢ ¢har8e10gses from vold8 {219276) (9,473) 19.276) (9,473) {269JOO) (24J66) 5,180,526 5,180.526 4,239.309 Supponin8 Peopl¢ Offiee of th¢ Susscx Polic£ London LrnIng Consortium School of Appllod Social S¢ieL¢e BHCC Workpla¢¢ Health Ggvornm¢ut tyk¢D to incomE 808,647 808,647 803,403 4,000 560 31x1 190,477 190,477 190.477 TotAI ID¢Om¢ from letlknii alld projerfs 6,179.650 J79,650 5338,049 b) Exp•Rdltsrn ou klllny ind proJ•¢¢ Services and rnanagerneJt Routhe DJAini¢nan D¢pre¢iuiOll of housing properti R¢nt Iw¢B from bad d¢bLS Sorvico ¢hor8e IOBW from bRd d¢bts Olher hd d¢bl$ 4,7Chl,095 584,Q05 294,188 JJ5.795 8,438 12,210 4.704.095 384,005 294,888 155.795 8,438 12210 4,510,805 360ffj79 284,4(Kl 111282 9.969 Totsl uptndttMr¢ on lettinis and proJ•¢ts &739,431 5,759.431 5277.135 Op¢r4tlng Surplud¢Ae1l} fr•m ktth18 and proJ¢¢t a¢llvttle$ 420,219 420219 <39,086)
Pa8E 21 BIUCHTOIY Y.M.C.A. (Uml¢ed by Guarantrt) NOTES TO TBE FINANCIAL STATFJIENTS (eolltlDv¢d) Ytsr •bded 31 MARCH 2024 3, SVRPLUSIIDEFicrr) FOR THE YEAR 2024 2023 The surpluslldefi¢ll) for the ye•r h*s be¢0 arrfY¢l li er drn81(CredIthMI). Auditor's rcMuDeratioth DiTecknrx' and senior mDno8Cmellt cmolwnents Depr¢¢iwiom of propertlea D¢pr¢ciation of oih¢t thtt8lble red &qJtiS Operntitig lea8¢ reThtali- land buildinss 11,880 215.743 294.888 89J21 20.0 12.6(Kl 208,(A)O 284,4(K) 76,656 20.000 Oov4rnm•rt Rrnnl$ tskets to lttcome (].4?7} (190,477) 4. ACCOMMODATION The nwnber of b¢d Spaces Ivable at the btylnnlDsof thoy¢ar w•8 302. Th¢ number ofbed •valJable at the end ofib¢ y¢w 292. S, VOIDS AND DADDErn The ¢oJl of VAeant ieeanrnodation knd bad de £392.982 (2023: 5,117), arnots to 7,3% of th¢ t¢kvant incon Teuivablo (2023,. 9.1%). 2024 2023 On bank d0$its On iDV¢51n)eni8 29,752 217] 85 21 29.9J9 106
BRJGHTON Y.M.C. Ited by Guftianttè) PaBC 23. NOYFts TO THE FIN"Ah°CXAL STATEMENTS (¢ontinued) Year euded 31 MARCH 2024 7. EMPLOYLTS AIYD EMPLOYEE COSTS 3024 2023 The avcrABe numbw of p¢r8Dn8 (In¢hsN the Chi¢f Executiv¢} nplDytd during thu yellr Ivas follows: Adrninithiion 15 18 80 17 20 116 118 Employ•• ¢0 (In¢ludinB th¢ Chief Execut[). Wa8ei atsd 8alari¢s Ddlned ¢ontiybutlon pellsloll ooslg Social 8¢¢urity ¢OSts Other PCn8iDtt 3,090933 67.101 23S,669 126,862 3.113.425 67.017 239,070 14373 3,520.565 3ffj01,886 Tr fvll tlm¢ ¢qulvAl•irt nwnbir of ff 1Ved r¢MthOn {•x¢luditi8 directorB): 2024 2023 £60,001 to £70.0 £70,001 to £80,0(XI £80,001 w £SXI.000 £90,001 V• £lOO.000 & KEY MANACEMKNT PERSONNEL The •8ye8ale remuD¢rntlon for key mODaionent peOlle1 Eharged in tht year Is: 20 23 Baiic salary Benefits In kind Pensiott ¢rmtrAbutlons 198.837 197,087 16,907 11.5J3 21 S,744 208.6LKI ThÈ eXAiin8 Chief Exeeuiive 15 a member ofthe twrreat eolder wision scherne with no special lerts rl8&ts ¢nban¢¢d benefits. There were no paymenti btsard durkn8 the Y¢ar120. £Nil).
Page 24, BRIGHTON Y.M.C.A. (Lknlled by Gts*rtDt•t) NOTES TO TIIE FINANCIAL STATEMTS (¢onthiued) Year endtd 31 MARCII 2024 9. FIXED ASSETS HOUSING PROPERT8 Held for Ai l April 2023 Additi4DS Di5pos•Is 14.219.994 524,412 At 31 Mthr¢h 2024 14,744,406 D•prttt•tlo At l Aprll 2023 CIMr80 for year Diipoaali 6.387,901 294,888 At 31 M4i¢b 2024 882,789 Net book volu&. At 31 2024 7.861,617 A¢ l April 2023 7,6J2,093
BRICHTON Y.M.C. (LJmlttd by Guarantee) Pa8e 25, NivfES TO ThE FINANCIAL STATEMENTS (tfjntinwd) Yeor ¢Dd¢d 31 MARCH 2•24 10. OTHER FIXED ASSETS bNrnllurey ixtnre nd Equlpmtknt Motor Vehielts T•t•l Coit: At l Aprll 2023 Additio DispoBp]s 966.843 65.271 (%84,514) 15.793 982.636 63271 (284514) At 31 2024 747.600 15.793 763.393 Dpr•eladoll: A¢ l April 2Q23 Char8¢ for Ihe year On DipoBa1J 83J234 8.272 (301.98Q) 10,796 1249 844,030 89.521 (301.980) At 31 M4rth 2024 619.526 12,045 631571 Net book vglu¢: Al 31 March 2024 128.074 3,748 Ai l April 2023 133.609 13t,606 11. FED A&SLTS LYVESTMENTS Javestment At l April 2023 Additi0Th8 Dlsptsjalg Revaluationi 266.878 53.597 (51,527) 18.941 Ai 31 2024 287.889 Carryln£ axbouxt at fAlr v*lu Al 31 MllTcb 2024 287.889 Al l Aprll 2023 2rf878
Pa8e 26. BRICHTON Y.M.CA (Umlted by Guttrsntee) NOTES TO THE ANCIAL STATEMENTS {tontiAued) ended 31 MAJiCH 21)24 I2. DEBTORS: falltsry due Tr4thln on¢ y¢4r 2024 2023 Trade debtor¥ Ill¢ due from rcAidcnti OtheT debtOTS PrwiyD]ents J59,160 241,515 187 115,643 13.526 273,418 187.338 516.505 474.282 13. CREDITORS: fallknq du• vAthlll year 2024 2023 Trnd¢ u¢dltOTB Taxaiion and SociAI Se¢uTity Oth¢r ¢tt4liors A¢druals D¢ferr¢d gi•nl inrne (nots 15) 348,830 56,512 13.187 77,319 190,477 169,236 56,857 36,138 104,750 190,477 686,325 357,438 14. CREDITORS: •mOUDts foJlin8 4u¢ After wore thin one yur 2014 2023 D¢ferrd gTant in¢om¢ (note IS) 42SI,48D 4.441,957 4251,480 4.441.957 IS. DEFERRED GRANT INCOME 2024 2023 A¢ l April Grant r¢ceivcd in th¢ y R¢1$¢d ¢0 in¢om¢ in the year 4,632,434 4822,91 J (190,477) (190,477) At31 Mar 4.441.957 4,632834 2024 21)23 Amounts to be released withitt otte yeir Arnouttts to be reka*d in Trorc thth one ycat 190,4n 4,251,480 J90.477 4.441.957 4,441.957 4,632,434
BRIGHTON Y.M.C.A. in)ited by GuarAntee) Pige 27. NOTES TO THE ANCIAL STATEMZFITS {eo#tlbtted) Year eDded 31 MARCH 2124 I& REVENUE RESKRVK 2124 2023 Balance at l Aprfl Surplu&l(Dcficit) for the ycarafter transftts tolfrom ttsm1¢6 5.126.681 8Q7.455 5,166,000 (39J19) Ba1ce at 31 5.934,136 5,126.681 17. CASH FLOW FROM OPERATINC ACfJVITIES 2024 zo su1([>¢ficJt) for the y¢DT AdJu#m¢nts for il¢m$: D¢pre¢ibllott ¢h8tse8 JJ9.687 P9,319) 294.888 88,272 1,249 (42J23) 128.867 (99,908) 284.400 74990 1,666 32.982 74.088 (99,926) 17,983 . rurnituTr. fixtw ErfiopAlld ewipment rnoIoT v¢hl¢los On¢r¢8s¢yDocreoge iti debiors Inereasel (DevrtiRe) iti cttditorl Pemion deficil pents mJd¢ IDcrcasel(DKr¢JB¢) In pettsion liability CAftyiti8 of tanpThle ftd aijet ditytssals Adiuwnents for investing or fiDaD¢lng o¢tivitiei: (ProfitYLoss on BRl¢errJx¢d 8ssets Goverrthietti sraThls utillsed In the ye¥ Intercst rttcivablc Dividendy Thceiv¢d Investmetti ID3$e8&18) Invèstment cbfirgei (17.466) <190.477) (29,959) {6J49) (18,941) 2.029 (1.176) (190,477) (106) (5,584) 27,4J6 Nd outtlow fnmn oper8liog I1VIlle$ 630.069 179.623 18. OPERATING LEASES 14nd And Blllldlny 2024 LADd iDd BlllldlnE¥ 2023 Future thlDlmum teas¢ phymellis for M)n-cAooollabk OpÈrttittB le*ses P&yablt ID: LE$5 on¢ ye B¢ween one attd five year8 20,0 71.667 20,OtKI 80.OLMb 11ffi67 91.667 111.667
P•8£ 211. IGRTON Y.M.CA. (Llmlted by Guarnttt) NOTES TO ThE FINANCIAL STATEMENIS (eontlm Yt•r ended 31 MARCH 2024 19. PENSION OBLIGATIONS Th¢ AS14110 PArti¢lp¢d in i ¢otstrknry ts1O0 pkn providin8 defin l)¢n•fity b•8¢d on fin41 pnyor4b]e p•y ¢rnpkytts of YMa45 ill EJ11 Sc(thud Ind WkL The •gscts of the YMCA ps1On plan are held from Ihox of ¢h¢ Asg)cthlon •nd at the year tnd th¢8¢ wer¢ inved in the MerceT DyDamic DTI18 Solution, 65% n(ching Portfollo knd 35% iti th¢ nfollO and Sebrodtt Ipropw Wbits onty). Th¢ most ¢ompld¢d yw v8hation w?• nj l Moy 2023. The uTumptions uaed which b•vc tbe ifK•Dt ¢fftcl ett the results of the ]ullION •r¢ Iboge r¢kntin8 to thg •sJumed rntes of rayrD on •¥xl$ of 4.56% the Incr¢Aie in pciioiii io paymcnt of 3.18% (tor RPI ¢AppthJ ai 5% p.a.), 8Dd the ivernR¢ lif¢ wie¢l•n¢y frm) nonnal tiIBm4XIt og¢(of 65) f¢r • ¢vrrent m•1¢ p¢nsioner of 21.5 femalE 24.0 y¢ary 23.] ytaTS (or a mal¢ Pe10fter. f¢m•le 25.7 y¢Ar4 rdldn8 In 20 y¢ar5' ¢ime. The result of tho v4htion lhoW that the •¢th•rial value of the •sWS W £103.Imllllon. whi¢h r•)Menttd 9YA of trKben¢fits h•d •¢¢nxd io metsth. Th¢ Pension Pl•n was cloMd to n¢w memb9 •nd folure 0¢NI wlth eff1 frorn 30 Awil 2LMb7. Vith th# r¢AJoval of the Iwktige for beoefiil onpioyed defmd menthrs beoarne def•ff m¢mbeu •5 from l May 2011. The Valu1th Prtged as li l May 2023 showd thai th• YMCA hnslon Pl knd • d•fi¢lt of £9.1 rJilloll. Thè io¢i•tion IMS been odvised it will nced io moke moDthly eonlnbutiom of£6,464 from l M•y 2024. Thg li b•sqd 4)n the cury¢ni A¢WArial asAm1p0 (•• out]in¢d •bov¢) MAY in th¢ of a¢tu•l porfornMn¢¢ of ihe Penslon Plan. A8r&d defi¢l¢ ¢onlrlbutioM hav¢ b¢m diK4nnl¢d VSiD8 I r•ts of 4% (2023., 3%). Th¢ ¢UThent pmod li 3 y¢th commew l* May 2024. able All#r mort Wllbln one y¢ One to Two 10 ioyeari fv¢ y¢9 Aft¢r fiv¢ Y TOTAL TOTAL 2024 2023 on¢y As It 31 M•Teh 2024 77 71 238 083 As * 31 March 2023 102 656 308 716 2024 Balmve 411 Aprll Incr¢•s21(Decr) Ill PTOViIiDn PalleD15 in y••r 625.7J9 (287,768) (99.908) 707,702 17.983 {99,926) l•nce 1131 March 238,0¥3 625,759 In idditioll, the ASlatiOn n]ay h&vè, over tim4 liibijilies in lh¢ eveni of the non-paymenl by other prtlclp&titi8 YMCA8 of thelr Share of th¢ YMCA Pension Plan's d¢fi¢il. li 15 nol PO88ible cUentlY to quantify thepot¢ntia] arnow thaith¢ A89rf14tlom may be u111 upon io pay in th¢ hsrtve,