YMCA BRIGHI-CIN BRIGHTON Y.M.CA. ILirnIi￿ by Guar￿te¢} 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¢n*nl of Compr¢he￿I￿¢ th¢ottJe 13 gllt¢m8nt of ChonBw in Reserves 14 Sta*mcnt of FinanciAI Position 15 Cth Plow Smemclll 16 Not•B to th• FInI￿￿1 St•tsm¢nLS 17-28 Pag¢ J. BRIGHTON Y.M.C.A. (Llml¢¢d by GuaraDtte) Compjny Nulnber: 2329407 Ro8iStered H￿Bill8 Assockndon nUM￿r. H3835 MEMBERS OF THE BOARD OF WAGEME1￿. J. Johtsslon-Ellls CbAlr D. W. HaneDck H. M¢ShoD¢ J￿. TadiD8 - r¢sigttd I7￿1r2024 MA.J. RoseDb N. ArCbI￿81d - ￿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 & cl￿pAnY Socrntqry BANKERS: Lloyd% TSB 171 North Str BRIfjHTON BNI IGL Bank of Scotland Que￿5 Sqyw BRIGFrroN BNI 3FD thbollos 30 (he$b￿n Strt London EC2V 7QN SOLJCITORS: DMH Slo114rd fjriffia Ilous¢ 135 Hisb Str• Crowley Wesi Sussex RHIO IDQ Oallowayj Ae¢DIIDtin8 AtiAs Chmbe 33 West Street BBJGHTON BNI 2RE AiIDJTORS: Felst Hedgethorno Llmltsj Cbartcred Aecoutttsnts Pre51on PpTk H¢Kue &￿th Road BRtGHTON BNI 6SB Poge 2. BRJGHTON Y.M.C, IUml(•d by GuaY**let) CHAIR¥S REPORT Brighton YMCA bm b¢efi pmvidin8 hou8in8 suppffi io th¢ 0fBri8h￿ft •nd Hov¢ 1870. This is imporlani le8o¢y. every deciiion thal is ttitde ii io ensur¢ wt wlll e¢)niitiue ￿ Stren8d￿ ond build w this lthritattL Thii neeeMi(•les ￿ mpproach found￿1 uppn td•pi and dev¢lop servic¢¥ lo eThwre thot w¢ m¢¢tinB th¢ ¢v¢ryrfhangin8 De¢d6 of our Clienty our stsff, ow whd¢r ¢ommuDity. Ind our fund¢Th. QJ•n8e li Jn comp￿1 of •d•ptsllon devel(ynenL •nd this ye•r has 8reat dwage for Brighton YMCA we have delivered our a¢tion plan-'StrMRth¢nlns Foundailf￿s'. This has setn i very cle4r•Thd careful focus on Our Peopl¢ Ow Pmperties and Slryic￿. Our Finanee8, Ow Board and Our YMCA. This ellrity #¢J the dwtlopment of ¢wreknve pl•Do to ¢n•w• that we ￿L￿n￿l11Y iryTovin8 dl owopUati￿ meonin8thlly m￿lt01118 the delivery of the aweed work. This y¢•r ther¢ be¢n a wifi¢ focus on our llnancial BiiitioD throu8b Ilghi st rAJnttt¥l Ood fill1￿181 prndenee. following ￿ernI >wsof deficit. Thi% h•$ rtsts114xI iti i of £519,687 for the year el￿1Th8 31 Mtsch 2024 (2023: d¢fi¢it £39J19). This h•4 b￿n particul•rly pleasing And will •lknv to continw w d¢li owr pl*nD¢d pro8rnmme of capltal Impffovemefits to enhaDc¢ Ibe f•¢llltl¢s forour clie*ty. The AtsocI￿10￿'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¢ F￿dIng 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 C￿1 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 IMpon￿t of th•u1Kom￿y￿ If w¢ towards ro¢ow. In Deeethber 2023. Bri8hton Hov¢ City COUT￿1] 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$ proj￿1 Iws be￿ prliwj for its WOTk, by G]i¢Dts and professkinab 8lik4 atsd 1¢ Is with pJt418the8s th•( th¢ 8¢rvi¢¢ I￿8 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¢ or8JnI￿t10tt. 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 ¢l￿d f(¥, ond th¢ widcr comnmutity thould w•nt (o P￿￿r with us lo develop th¢ ￿thW•Y •round w¢i•l howing Ind individ￿li$¢d •upp)n p¢opleTht￿ •r¢ al risk of I￿n￿leSsnesS or b•v¢ exp¥l¢n¢ed homeksanem. Ow str4tsV hu been developed by ow peopl¢ fot •)w peopk to provide ¢l¢tr dirtcli•)n our d￿lS1On makin8 In th¢ fvtu The luthythip of Bri8hM YMCA 41so •Xprkh￿d ¢hAD8t. HéIèDe B•88 Nppolnt•d ￿ CEO ID NO￿nber 2ty23 Ind S•soh* Deig￿n￿)ined os H￿d ot OpernlwN ia m￿Ch 2024. Th¢ expcrienee •Dd ¢xp¢rtiK of ljoih Ihe* Indlviduals will en•bk th¢ or8thiMlion to ¢wtinue to Ilourisb •nd th• ambitiow of out Strate8y 201¥30. Durins the year Nkhola Ar¢hib&ld and John TMJiti8 Ni8tsed from the we •re 8rn*fv1 fot the knVAI￿bI• cotstrlbuilons th¢y b*vé mode during thelr tim¢ on the BO￿ We W￿￿￿rul1Y TecNi¢ed tsvo n•w Tn41￿ ITh 2023- NI8 Pollnrd *Dd K•ith Hollls. Followino r0E￿il￿ent WDP•iRllp Ibur Ordinary M¢rnbv• joi￿1 th¢ Bo&rd I JaDY•ry 2024- Annthl P¢llts￿, Akxi8 Howsll￿ Robjorti •fid Kelly Lin. All these peopk bth8 I greit otknowlcdge Ithl expeth lo ¢nb8nce the pTe4xiitinB mtmberxhip of the l)tth. Ow BO1￿ Telle¢ts our commitmeni to drive EDI •nd GuIiuTal Ch￿se within th¢ B0￿d ofBrl8htyn YMCAgo ￿￿Ours0Vernln¢¢ refi¢¢tythe cty)]munity within Hthi¢bwe On behalf of Iht Bcth. I would ththnk ow Itsif team for thpif ¢ommilmoThl dedicalion ts> Iheir clie1￿. •nd to Bn'Ehton YMCA, it 1$ 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 M￿nber¥ who glve th#ir ¢mi¢ ard ¢norgy ￿ Son•￿￿81Y to enlbk Bri￿￿Th YMCA m wotk iowards thlin8 homele￿¢￿$ troMforn￿ti8 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 y￿r ended 31 Mor¢h 2024. The objBctlv¢J of Bri8hwts YMCA ar¢ ￿prOVIde a¢¢0mmo(l￿n •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 p￿ncipl¢S of pSycl￿1081Clllly infomi¢d cAvi￿￿tten15. Our TA￿te¢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 co￿ldtrtd the Charity coti]MiB8K￿'S ienernl guida￿￿ on publiE benefiL In eawitiB Out owacilvities for Ihe publl¢btncfiL th¢AsgxffiDtioD h•5 dweloptd ¢QDiiderabk exper￿oi0 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£¢8￿train8 w￿l1VersIty 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,¥M￿l houi¢' prvpeTtiu. Tbe Aisoci•tion ¢ontInu￿ ￿ focui oo value for money by ￿￿￿81￿1 reww¢¢& Inch￿1￿8 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 Th￿bcrI, 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 ASI￿LItion., 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 Appol*tmeat Of ¢ruil•u •Dd tru￿•¢ Indu¢doD and tr•lnlng The m¢mbeTh ofthe BoRrd of m8n8gern￿t througho￿t 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#l￿B Board m¢mberi. This iacludes local adv¢rtioin8, 4th targethng ifTKomwdedby thE PeTsonnelAdvi•ory Gr￿P, Thc BOardh￿ th¢ pow¢rlo ele0¢n￿trUstW who Boord membw5, in A￿ordanCe 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￿¢1￿5. Tr BtbOTd meets six timeÈ a y￿, fo rcYACW ov¢rsighL 85suranG¢ and PTDvide stratsgiG dir¢rtion. arc circula¢eJ to members in la￿￿nCe 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 pIlM￿llY th¢ r¢spun61bility of the CEO, monitored thrnush re￿1&y iepoJ18 to the Th￿tte 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 DEVFIopu￿UI OTOUP oDd the Cli¢n( Setvic¢$ Group. BRIGlrnbN Y.M.CA. (Umlted by GparAntee) P•8¢ 4. R￿oRT OF THE BQARD OF MANAGEMENT (oonilBqed) OWECTIVFS (tèotlnuéd) Company strneturt The AsTOCilltion 15 ¢5tabli8h¢d ll5 8 company limita by 8vor•nlee uDder the CI7MP￿lES Acl 2006, 48 a r¢xistere4 thArfty the Chatiti¢s Acl 2011 ud #s a rew&icred prnvider of social housin8 under llo￿8]￿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¢ brts￿th of 8eNlcoB And wpport 8ce¢sslble to residents living in YMCA Brlihtoii ac¢ommodatioJL ThtABsocialiob workswiib oih¢rlocal Ase￿1¢$ #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 unee￿In11 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¥ Identifi￿4 •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 SUIt￿ts lo ¢omplet¢ Ill firt ￿fety riik aut6￿c￿lI, klionelli riik #isegsrthents and Tr￿1￿ thdmkty allth'L Rlik mauB8ememt Th¢ Botrd li rngpnsibl¢ for the Aiwclation'sTisk M￿•Sement •trate8y which: f•)¢uJ¢s on th¢ $18nlfiwi rlsk5 th*t 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¢ Imen￿L ¢onrol ByBtEm is d¢818ned to under•tsnd the risks to th¢ Assoclrttlon, rnaft￿e aLd thi118a￿ withiti agreed rikk *PWit¢ levels. rtther thÉL elitiJkn8ie the rlsk of fiilurt th aehieve busiocll ofycctivcs and L*n only PTovide r8•sonab￿ and DQt ¥b501ut¢ assura￿e a841n￿l mgterial fin￿￿1￿1 Tni8stytem¢nl or 10s5. The key el¢m¢nts •r¢ •1 follows: F4)rmal policicB and procakn¢s w¢in pl￿e I￿1￿15￿&th¢doall￿rThthtl0n ofkoy $y*cms, 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 judi11￿vieW 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 (wan￿jY m&nllgcmcDI aecounts reporting actual a8ainstbud8¢ted perfomance and rewlting varianrt& PerfDrmllnce against the annual plan, serviee developtneni ￿m￿s and ksy IKrfOrn￿)ce indlcaiats art* also rep)rt￿ on # 4￿terty b#8iS. BRIGHTQN Y.M.C ([ArnIt￿ by Guar4nlee) Page 5. REPORT OF THE BOARD OF MANAGEMENT (eoAdnued) tor MwJ¢y Brightott YMCA Co￿l￿ll¢14110￿ proyhjed 292 ofv¥ported These broken down tt follovd: l. will1￿ll eollier Hou8¢ Willlam Colllor Ih)u* prnvidd 94 Jin8lc btthit unit4 with 24.hDur on.sit¢ Sii of wilts •re wmpk*ly 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 Inde￿ndenCe. Willlwn Collier IIOU￿ provide$ Highand M•dium SypoT( withresidents ¢xp¢¢*d to1￿Y￿100$er tb•n 2 y4u8b¢foremovinE" 2. C*or8e William• M¢w• Gcor8e Williami Mews off¢r6 24 bour DnThBli* S￿1]￿8 And provldel the folJowkn8: 1.5 Geor8e Willijms M¢ws ¢ompzi8¢s 25 S sh8Rd bousc& The 1￿M￿L￿11￿ 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 ￿¢0￿￿￿OI10ll provides low support for r¢sidettts. for 2 ye￿. 8 Gwe Iifilliams Mews ¢omprl8os office and trainln8 hcllliie4 th YMCA ￿le￿IOn 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-r￿lI•1￿￿ *udio fl•lswith 24 Iw on4it¢ BtsffiTh8. The A¢4ommodAtlott offus low swort Io residw￿ forup lo two y￿s. 4. Stanley Court Stsnley Court provides 31 *lf.tontsiDe4J ljats with 24 howr on-sit¥ thffinB. Th¢ aCCmnYMl•iion oiforj low slip￿1 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 t￿￿1¢1¢& in kif-ttonthlo￿ Bmdio flats wlth 24 hours tsffing nei8hlThri Geirfge Willian]s Mew4 wlxre also acce¥s life￿kill$ 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¢ lif￿SkillS Qoursos. Small I￿8?$. 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 r￿lliti•L R￿Idents 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 cu￿t]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￿-t0n￿lned &c¢ommodith with hi8h io m¢diwn support fot10 regldellt& I I. EVOLVE Volunte￿1￿ Voc•doDil valth8 * Employment) EVOLVE16 1 floiting support s1ryirx for •dults who zr¢ TK¢iViD8]￿￿1n8 Te]i*d support can lakn the next step IowATd$ ¢du¢8tlon, voluote¢rkn81 VOC4tlonAI tralDln8. ￿ employmenl RTrlrntion8. EVQLVE PTovNles a perSon￿lsCa stren8th>b￿ed servi¢e, etsÉurin8 client's •sptr&ilons gt the h¢art of thelr 811PPOrt ifid ￿￿>￿Ta￿lA9 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¢sP￿￿8 to th¢ dW[l¢ng￿ they fxe On their journey to ACHIEVEMENTS AND P￿RFORmANcE 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 conncc1￿D whicb is such ￿ importani part of vAwt BriBhton YMCA 5tsnds for. Th¢ 0￿￿714￿0￿ WDIiDVV5 lo prnvide ￿pported accom￿tion tQ Tesid¢Jrt5 and dEV'te the itopad of TefttrAIg and kt¢cSS lo wider services Attd pl&¢eMeot opporh￿ltie￿ 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 rep￿S￿l￿tiv￿ 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 eThb￿Cd Ind ftervlcu for its ffsldents. Thwbout 202%Q024, th¢ As80d*iots 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 s1*ktI￿1der ¢onsuMalitin to inforni the Atsoetsiion 2024-2030 strats￿. The rasultih8 &rnl¢gy w&s ￿p￿ed ty thc Boud in Jttnll￿ 202A bc relcas¢d publicly in April 2024. PL4NS FOR FufuRf PKRIODS The As&￿1￿10￿ 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 qU￿lty h￿in8 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 i*mpliatice 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¢M*8yi •Th lT8tr4ts8y4nd • Mirk¢t5n8 strA￿Y. INVESTMENf POWERS AND POLICY Th¢ Boord h$ * TreaBUry M•na8emeni Polky 4nd 15 T¢spooNble fr1rd￿lI10￿ on inve5tiDE s￿￿]U3 fith. The ￿￿elation ¢uTtently has knds held IJ fLKed inttt¢st t¢mi deposits And mwnt by Invvsk¢ w￿1th & Invwlment LimA*d. RFSERVES POLICY Th¢ Asso¢iabon¥ r¢serns •Y¢ prun•Tity inv¢sted ID Ity WQFerties to PTtivide 1ccom￿￿tIon ￿ 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 Move￿￿oL 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 u￿e￿ainti9& Fret Te5NYes a131$iM￿Ch 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 St￿h4￿ 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 re81st￿l 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 manaRem4￿1 h•s ¢ak•D all the stw thLt they ou8bi to bave thkeD ￿ i mellftw gf the bNrd of mana8emontj￿ order to mAk¢ th¢mSelfaw￿O ofatty rekvllntaudit inforn14tion•nd toethblish Ib8lthe A&qocl&ion'8 aMditoTh are awart of t￿1 InforthaiitiL By ord4r of th• Bo•rd S. l. joh￿On-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 ho￿1￿8 ksMI￿10ll requlrn th• Bowd of Mwwem*Dt to prepare finin¢l•l IlAl•iwti for each yo￿. Under law thtrBD4rd 0fM￿agemE￿￿xve ¢keted io prepare th¢ fm•Dcial itat¢ments iti ac¢ord&x¢ wlth UDitEd KinBdom GcntrnllyAfWled Ac￿￿ntIn&PrnCIi¢e (United Kin8thmAc¢ouniiti8 StAndprdB an4applicNblolaw). Under Mmpany law th¢ Board of M￿08•1￿*111 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 A1￿clatIOn and otlherewlts forth•twigd. Inpreparth8tb¢ft¢ l]tsaMlal thc Bl￿d of m￿$4￿n•￿1 18 Nquirwj ty; selg¢i sulthble a¢cLwntln8 poikaw and then apply them CO￿1￿￿111￿. 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 dep*NrH dls¢losed explaIll￿ an th¢ 17n￿l*l Stat¢Mw￿. Bnd. preparethc fllkancial stsiemenls on the goin8 ￿n￿b￿lsUn161$ it ￿ in4woprlate to preoum¢ th￿the 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 2￿18. tht Compani¢s Act 2006. li I￿S gcneral ttiponsibility f(YtskiD8 W¢W8on4bl¢ 8repJ to bttfeEU4Td the as8els of the As¥od4tioTh and to prev￿4 and de￿ fraud oth•T irra8ulaTitits. Th• Board ofMaDagemwt u¢ Jh¢m on pw l. Page10. Th￿EPENDENT 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 P￿tiCe. and, hav¢ been pryared kn &oeottIaJ￿e 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)> aw11￿bItt 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 ielev*nl 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 0￿11￿¢d ts $uffi¢hnt llThd •pproprfo¢¢ tt) provld¢ 4 for our oplnlon, cillelwi0￿ rtlatlxi to gtslnl tort¢ern In auditinB the r￿In¢la1 6t4t4ments, ￿ hJv¢ ¢onCl￿a that the dirert that hcL We have nothitiB to ryort ID this re8at Opknloo8 •n •ther JllAit¢rs prei¢rlbod by th¢ CompiDks Act 21J06 ID opiolott, bi2cd on the Work uthttaken ¢owJe of thc audit: the inbrniJtion given in the b0￿d Teport (inrs>)T*t)rntin8 the ¢boir's report) for the financi￿ y¢tr foT whirh the llnaDolal slatements ar¢ prep8red is ¢OD515twll wlth the fmm¢lal 61al¢ments; a the board rcport {in¢otyoAtIZb8 the ehiit'i reprt) has beth pr¢par¢d in i¢¢ord4nee wjth Appli¢thJe le8ol r•quirement5. M#ll¢rs OD wbl¢b we are rèqtstrod lo reptyrt by txctpilok In th¢ li8ht of ow knowled8¢ Dnd undeT5thnding of th¢ •sso¢iatioll and i¥ eThYiTonm?nt gbtsined in the coutse Trf thE Judi we b•v¢ nol id¢nllll￿ mai¢rial missth*J*enis iti th¢ bojrd report {lllwrg11fj8 th¢ chiir'8 r•port), ]T4DEPENDENT AUDITORS. REPORT TO hllEMBERS OF BRIGITfoN YM.C.A. ILlmlted b), Gu*raDle¢) (￿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 accoun￿1 retords attd retyrn8: or. certain digclosuTes of dittcthrs. TriiwttcralioD SP￿lfied bylaw ￿ not mide. or, w¢ ng1 Te¢oiv¢d Ill th¢ illfoTuk*tion •Ad ¢xpl&tiations we r¢quir¢ for our audil. Jn addition. w¢ bavt nothin8 to Ttpon In resp￿1 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 dIr￿t0￿ 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 fIn￿1claI *•leM￿ts thnt aye free froth malorlAI mis5tat¢menC wlth the to frts￿l 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 ¢onti￿ll¢ 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 alle￿lIve 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￿$$￿t￿n¢￿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, I￿t 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 n￿ter1￿] if. Indiv4dually or in th¢ a88re8al4 tbey eould rt&s¢)h*bty be e%p¢Gi¢d to intluence the eeonomic d￿lS1O￿$ 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 ￿¢￿￿cOmpli￿n¢6 wlth Ilws and MRul*ions. 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 eXt￿t lo wbith our pro¢eduTe5 are cyble of delL*titig iff¢8ularllles. iticludillg fizud is dctsiled b¢low. Cmr approhcb ¢0 identifying and awming the ri8ki ornm￿li1 m1581Al¢mrDI ID T¢Sp￿ 0£]￿e8￿1￿￿e% knludiD8 fraud •nd nott-compiiAnco wlth laws oDd resul•tion& was as followi., the etb8wDxnipatbier t￿￿ed thAt th¢ cdkntivety had the 8ppropriat¢ Comp•len￿, ¢yblllli¢s 5ki11s to id¢Mify or reco￿16¢ 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$5ions with dire¢toTs other In￿lSeMe￿( and from our¢oram¢r¢Aal knowl¢dBe Dnd apuitn¢c of th¢ Iwu8in8 sector. w¢ fo¢ui¢d ipoEific laws Ind rtgulatiotts whi¢h w¢ ¢onsid¢r¢d mly bave a diTecI O￿ten￿l effe¢¢ oll th¢ f￿￿tiCIa1 swements or the opeTatiL)M of the ¢ompaay. includiti8 the Clwities Act 20J I, HousinB ReBtzkration A¢t2001. A¢counliD8 DirteiiorL for Socifil HousAn8 in Engl￿d from January 201YI, laxation It8tslatioD and dlts PTots¢lio anli-brib¢ry, employmenL eThvirDnnmthl olld he￿h Ind Af¢ty legi51ition: we •55C5sed Ihe extent of complian¢e With the laws artd ￿1￿1￿1(￿$ Id¢ntifi¢d obove tbroutsh rnaki￿ tswirics of M1￿￿E¢m¢nt and itttspecting iegAI L¥TrThcwdeDce; and identified lows and regulations WCTe communi¢a*d withiti th¢ •udi¢ te￿ Tegulnrty And the rnthaln￿ alert instAttCCS of non-wmpllan¢8 thToUghO￿ the audil. We assessed the BU￿￿tibIlIty 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 Orc￿1￿]4 wc: p¢rforthed ￿￿tyt1￿Al procedu￿# to identify orMupectrdT¢IDtionshlp¥ tcslcd jownal CDtries to idcnlify unusu•l Ir4nsKIIo 4SSEs*d whelh¢r jud8an¢nls and assuniptions made in deltrniinihg the aeethnlin8 ¢￿imatel WtTE indicativ¢ of poRndAI b1￿ atsd Investig￿ta￿e ration￿¥ b¢hind si8alflcantQT unuNwl trannclions. lil T¢spons¢ to lh¢ ri9k of iTh¢Bul*riti¢S **d nonwcornplianEC with IM re8ulation4 w• desi￿￿4 prothB whl¢h incknded, I￿1 were not limit￿ to: *sreeing 8t•(ern¢nt dl$clogur¢s 10 uftd¢rlyiti8 Èupptirw do¢umiDtslion; r￿dI￿8 th• MIn￿¢S of mediti4s Ortho￿ ohttr8￿ with 8overn*i)te: uirkn8 ofmanageo￿il •s10 •etual •nd potential litiBation And claimk TheTe ue inherent limit4tio#s in our •ud1tpr￿¢d￿l0s d¢s¢ribed &bov¢. Tr fftore r¢moved Ib&i rt8ulalions nre from fm8nci•l tr1n5￿10￿S th¢ less likely li il Iht we would bceomc aw￿ of n0nllcoryiliw￿. Auditing *andards also limii th¢ •udit pro¢¢dur¢s Tequired th idtntify non.complian¢¢ with la￿ and Te8ul4tiOnS to ¢nquiry of the dir¢¢tor$ ind oth IIWW8emeht •nd th¢ fin4)￿tir￿ of r¢8ul•tory and lesal ¢off¢spond￿e. 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 rew￿1b1]Iti¢l foT the audlt of the finonci•l Itst￿tsents Is l¢Kaled on the Flnallctsl R¢poTtinB Coun¢il'i websit¢ •1: wgnv.frc.ory.uk1audi￿rs[tqI0￿s1bll1t1c5, This de￿iptiO￿ 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 Cbap*r 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 requi￿d to stale lo them In •n auditor's re￿rt 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 ACCO￿11￿￿￿ Preston Park House South kood Brighion Easi Sussex BNI 6SB Dat¢:..a7....Sep*kSAr..24 BRIGFrroN Y.M.CA. (Llmlt¢d by GuarAJtse) Psge IJ. srATEMENf OFCOMPIIEHENSIVE INCOME Y&gr ended 31 f￿ARcH 2024 2024 2023 Nol• TURNOVER 6,179.650 S,238,049 Opern￿nI 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) s￿84 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¢ f￿￿141 s￿*mell￿. 2710912024 Tht fiuawiil i11t￿llts w¢re •pprovtd by thr Boud on ,. . nnd signed on its bèknlf by 8. J. JoIll￿tOn.E1ll D. W. Hanco¢k Pag¢ 14. BRIGirroN Y.M.CA (LSmlted by GuAranle¢> srATEMENf OF CIL￿￿E8 IN RESERVES Ye*Y eDd¢a 31 MARCH 2024 Intom¢ *Dd Expcndltsr¢ Reserv• Ri*lrlded 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•lUt￿oll r¢5¢1V¢ I inGom¢ and ￿pendItUre TeseTve TTansfer of Te5¢ri¢tEd expendilure from wmtri¢ted ruerve B*l•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￿$1￿8 prwues ran8ible bssets- oth Inve4tsnents 7,861,617 131. 287,889 7,632.093 138.606 266,878 10 TOTAL FIXED ASSETS 8,281,328 8,037,577 CURRENT ASSETS Sb*k of PTOViIiOIII Debiors ond Pl¢￿Y￿en¢$ 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 Tasid￿ts Am(wnu duo ￿ resld¢bLs 438 (438) TtrfAL ASSETS LW CURRKNf LIABILITIES 10,423,699 10,194.J97 CREDITORS: I￿110¥all¢ ft•r m•ré than one year 14 (4251,480) (4.441.9S7) Fr￿￿onI 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 NOTES TO ThE PINANCIAL STATEMENTS (Lwnthiued) Year DDd•d 31 I￿ARCH 2124 I. ACCQiiNTINC POLICIES (eondnv¢d) j) P#tssioth fKh¢me (oottrlnued) As de￿ibed 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 ASS￿￿￿10￿ 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¢ IMM￿1￿ fvture. Tht Aswciation has con&idertd its reserve policy in th¢ li8ht of the 8uidknc£ 8iv¢tt by the Charity C4x))n￿sSknn 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$erY¢5 Re¥tricled reserve fttnds th to be fol specRfi¢ pU￿se$ 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 ￿lOUI*led *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￿¢1￿1 instrumenl as defJn¢d la Sxtion I l of FRS IIY2 ar¢ accounted forundcr an amorti9ed hislori¢ ¢ost model, Basi¢ finatt¢l81 Initruments 8r¢ rKo8nl￿d at •mortised histOTiC eo81. NolFb￿l¢ 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 Gu￿nte￿) 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 L￿rnIng 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 Surplu￿d¢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 d￿r￿n81(CredIthMI). Auditor's rcMuDeratioth DiTecknrx' and senior mDno8Cmellt cmolwnents Depr¢¢iwiom of propertlea D¢pr¢ciation of oih¢t thtt8lble r￿ed &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 Iva￿ble 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), arno￿ts to 7,3% of th¢ t¢kvant incon Teuivablo (2023,. 9.1%). 2024 2023 On bank d￿0$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¢h￿sN￿ 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¢Mth￿￿￿On {•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 pe￿O￿lle1 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 ￿e￿older 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 STATEM￿TS (¢onthiued) Year endtd 31 MARCII 2024 9. FIXED ASSETS HOUSING PROPERT￿8 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 D*pr•eladoll: A¢ l April 2Q23 Char8¢ for Ihe year On Di*poBa1J 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. F￿ED 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 in￿rne (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) Ba1￿ce at 31 5.934,136 5,126.681 17. CASH FLOW FROM OPERATINC ACfJVITIES 2024 zo su￿1￿￿([>¢ficJt) for the y¢DT AdJu#m¢nts for il¢m$: D¢pre¢ibllott ¢h8tse8 JJ9.687 P9,319) 294.888 88,272 1,249 (42J23) 128.867 (99,908) 284.400 74990 1,666 32.982 74.088 (99,926) 17,983 . rurnituTr. fixtw ErfiopAlld ewipment rnoIoT v¢hl¢los On¢r¢8s¢yDocreoge iti debiors Inereasel (DevrtiRe) iti cttditorl Pemion deficil p￿￿ents mJd¢ IDcrcasel(DKr¢JB¢) In pettsion liability CAftyiti8 of tanpThle f￿td aijet ditytssals Adiuwnents for investing or fiDaD¢lng o¢tivitiei: (ProfitYLoss on BRl¢errJx¢d 8ssets Goverrthietti sraThls utillsed In the ye¥ Intercst rttcivablc Dividendy Thceiv¢d Investmetti ID3$e￿8&1￿8) 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 I￿1VIlle$ 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$5 on¢ ye B¢ween one attd five year8 20,0 71.667 20,OtKI 80.OLMb 11ffi67 91.667 111.667 P•8£ 211. IGRTON Y.M.CA. (Llmlted by Guar*nttt) NOTES TO ThE FINANCIAL STATEMENIS (eontlm Yt•r ended 31 MARCH 2024 19. PENSION OBLIGATIONS Th¢ AS￿14110￿ PArti¢lp*¢d in i ¢otstrknry ￿ts1O0 pkn providin8 defin￿ l)¢n•fity b•8¢d on fin41 pnyor4b]e p•y ¢rnpk*ytts of YMa45 ill EJ￿11￿ Sc(thud Ind W*kL The •gscts of the YMCA p￿s1On plan are held from Ihox of ¢h¢ Asg)cthlon •nd at the year tnd th¢8¢ wer¢ inve*d in the MerceT DyDamic D￿TI￿1￿8 Solution, 65% n￿(ching Portfollo knd 35% iti th¢ ￿nfollO and Sebrodtt Ipropw Wbits onty). Th¢ most ¢ompld¢d yw v8hation w?• nj ￿ l Moy 2023. The uTumptions uaed which b•vc tbe ifK•Dt ¢fftcl ett the results of the ￿]ullION •r¢ Iboge r¢kntin8 to thg •sJumed rntes of rayrD on •¥xl$ of 4.56% the Incr¢Aie in pci*ioiii 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¢ Pe￿10fter. f¢m•le 25.7 y¢Ar4 rdldn8 In 20 y¢ar5' ¢ime. The result of tho v4h￿tion 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 memb￿9 •nd folure 0¢NI￿ wlth eff￿1 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 Valu￿1th Prtg￿ed 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 asAm1p￿0￿ (•• 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 Pa￿lleD15 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 AS￿latiOn 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 cU￿entlY to quantify thepot¢ntia] arnow thaith¢ A89rf14tlom may be u11￿1 upon io pay in th¢ hsrtve,