YMCA
BRIGHTON
BRIGHTON Y.M.C.A.
(Limited by Guarantee)
CHAIR'S AND BOARD OF MANAGEMENT REPORT
AND
FINANCIAL STATEMENTS
Year ended 31 MARCH 2025
Company No: 2329407
Charity No: 800987
Registered Provider No: H3835

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
CONTENTS OF THE FINANCIAL STATEMENTS
Association Information
Chair's Report
Report of the Board of Management
Responsibilities of the Board of Management
Report of the Independent Auditors
Statement of Comprehensive Income
Statement of Changes in Reserves
Statement of Financial Position
Cash Flow Statement
Notes to the Financial Statements
Page
1
2
3 - 9
9
10 - 12
13
14
15
16
17 - 28

Page 1.
BRIGHTON Y.M.C.A.
(Limited by Guarantee)
Company Number: 2329407
Registered Charity number: 800987
Registered Housing Association number: H3835
MEMBERS OF THE BOARD OF MANAGEMENT:
S. J. Johnston-Ellis
-
Chair
D. W. Hancock (resigned 20.11.2024)
H. McShane
M.A.J. Rosenberg (resigned 20.11.2024)
N.J. Pollard
OFFICERS OF THE ASSOCIATION:
H.M.C.Begg - Chief Executive
E. Madden - Head of Central Administration & Company Secretary (resigned 12.11.2024)
A. W.Martin - Head of Finance & Company Secretary (appointed 20.11.2024)
BANKERS:
Lloyds TSB
171 North Street
BRIGHTON
BNI IGL
Bank of Scotland
Queens Square
BRIGHTON
BN1 3FD
Rathbones
30 Gresham Street
London
EC2V 7QN
SOLICITORS:
DMH Stallard
Griffin House
135 High Street
Crawley
West Sussex
RH10 IDQ
ACCOUNTANTS:
Galloways Accounting
Atlas Chambers
33 West Street
BRIGHTON
BN1 2RE
AUDITORS:
Feist Hedgethorne Limited
Chartered Accountants
Preston Park House
South Road
BRIGHTON
BN1 6SB
A. Hoon Capoined 17.072024)
KLin
(appointed 17.07.2024)
I Valance
(appointed 19.03.2025)
K.M.J. Hollis

Page 2.
BRIGHTON Y.M.C.A.
(Limited by Guarantee)
CHAIR'S REPORT
On behalf of the Board of Trustees, it is my privilege to present the Chair's Report alongside the statutory financial
statements for the year ended 31 March 2025.
Brighton YMCA continues to operate as a charitable company, incorporated in December 1988. We remain committed to
our mission of providing homes, support services and coaching to individuals who have experienced homelessness or are at
risk of homelessness. We are proud to have supported the community of Brighton since 1870, and every decision we make
is about building upon this legacy to support even more people.
This year, we launched our transformative 2024-30 strategy, reinforcing our commitment to provide homes and support to
people who have experienced homelessness. Our strategy focuses on our people, our services, our resources and our
partnerships to extend our reach and to deliver vital support to our community. We believe this strategy allows us to be
both ambitious and agile to quickly respond to the ever-changing needs of our community, and the rapidly changing social
and economic landscape. Over the course of the year, we have worked to strengthen the Central Services Team, to ensure
that we are providing the support and expertise that is necessary for Brighton YMCA to be able to deliver services and
support to our community to the best of our ability. We have strengthened our Finance, IT, Fundraising and In-house
maintenance teams and we believe this will ensure that we have the infrastructure in place to allow the organisation to
flourish. We are also investing in digital platforms to ensure we are as responsive, efficient and effective as possible. We
have deepened our involvement within the YMCA England and Wales Federation, through strategic alignment and
collaborative working and sharing of knowledge and best practice. We are proud to be part of the World YMCA
community as it supports over 64 million people every year, in 120 countries.
The Association's principal income sources are generated from the rent and service charges for the 292 people who live
across our 10 projects. For 2024-25 this amounted to £5,639,363(2024: £5,409,275) and Supported People Funding from
Brighton and Hove City Council of £976,478 (2024; £808,647). Further detail can be found in Note 2 to the financial
statements. The cost of vacant accommodation and bad debts was £550,589 (2024: £392,982) which amounts to 9.8% of
the relevant income receivable (2024:7.3%). The higher than budgeted voids, was in large part due to the transformation in
our services because of our new support contracts with Brighton and Hove City Council. The transformation in the Adult
Supported Accommodation pathway affected 226 of our residents which was a huge upheaval to both residents and staff,
and everyone involved has worked tirelessly to ensure that this has been as smooth a transition as possible. Included
within our operating costs is an exceptional amount exceeding £350,000 in respect of the one-off costs attached to
cleaning, redecorating and preparing rooms for new residents.
From April 12024, EVOLVE, our Work and Learning offering has been, in-part, funded by HID (Office for Health
Improvement and Disparities). The OHID contract funds two coaches to support clients who are in treatment for support
with drug and alcohol addiction. Brighton YMCA made the decision to continue to fund a senior coach and a 0.8 coach to
continue to work with people who live within our supported accommodation. In November, the service relocated from St
George's Place to the Old Steine representing an opportunity to reduce some overhead costs.
Over the course of the year there has been an explicit focus on the development of a more robust set of internal financial
controls, policies and data integration, that will allow for greater monitoring over our rents and associated costs to ensure
we operate in a prudent and proactive manner. We also contracted Support Solutions to conduct a comprehensive review of
our rents across all properties, and this will be implemented in the upcoming financial year.
The year saw several key Board changes - the retirement of two long standing trustees, David Hancock and Michael
Rosenberg. We thank them both for their years of dedication and commitment to the organisation. We are fortunate to have
successfully recruited Annabel Fenton, Alexis Howsam, Kelly Lin and lan Vallance to the Board over the course of the
year. They bring fresh perspectives and expertise to strengthen our work. We are now more diverse and more reflective of
the community we serve.
This financial year 2024-25, has been one of growth, renewal and transformation for Brighton YMCA. With a robust
strategy underpinning our future, and sound financial stewardship, we are ready to deliver an even more impactful service
to the individuals and communities that we support. On behalf of the Board, I would like to thank our staff, volunteers,
partners, stakeholders and residents. Their unwavering dedication is at the heart of everything we have achieved this year.
On a personal note, I would also like to thank my fellow Board members who generously give their time and energy to
enable Brighton YMCA to work towards its mission of ending homelessness and transforming lives.
Solelles
129 SEP 2025
S. J. Johnston-Ellis

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
Page 3.
REPORT OF THE BOARD OF MANAGEMENT
The members of the Board of Management submit their report and the audited financial statements for the year ended 31
March 2025.
OBJECTIVES
The objectives of Brighton YMCA are to provide accommodation and support to adults who are experiencing homelessness
to develop the skills to live independently. In meeting these objectives, the Association provides person-centred, trauma
informed support, applying the principles of psychologically informed environments. Our Trustees review and determine
the strategic direction and objectives to ensure the Association's activity remains consistent with our aims. In carrying out
this review the Trustees have considered the Charity Commission's general guidance on public benefit.
In carrying out our activities for the public benefit, the Association has developed considerable expertise in supporting people
with a range of support requirements, including multiple and complex needs and dual diagnosis and co-morbidity. This work
is set within continually improving framework and culture of safeguarding and diversity and inclusion at all levels across the
Association.
At the start of the year the Association provided 290 units of Supported Housing to individuals in 10 different premises
spread throughout the City of Brighton and Hove, and work and learning support to individuals who were not engaged in
work, education or training, living in the city.
The Association continues to focus on value for money by managing resources, including buildings, staff and monetary
resources, to ensure we maximise their use to achieve our objectives.
A more detailed review of our activities is provided below.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Brighton YMCA is a registered charity and is therefore subject to charity law. Its Board members, who are also the trustees,
are responsible for ensuring that the charity operates in accordance with its purposes as set out in its Code of Governance
directors of a charitable company.
Appointment of trustees and trustee induction and training
The members of the Board of Management throughout the year are disclosed on page 1. Steps are taken to identify potential
elected to a maximum of three terms.
Association
The Board has ultimate responsibility for the governance of Brighton YMCA. The Board determines strategic direction and
policies, oversees control and risk management frameworks are established and implemented by operational management,
and ensures that the Association achieves its aims and objectives. The Board meets six times a year, to review oversight,
assurance and provide strategic direction. Documents are circulated to members in advance of meetings. The CEO is
appointed by the Board, under a contract of employment, to manage the day to day operations of the Association. The
Association's strategy development and annual business is discussed jointly by the Trustee Board and the CEO. There is a
joint commitment between the Trustee Board and the CEO to carry out the agreed business plan. Implementation of the
operational activities and development is primarily the responsibility of the CEO, monitored through regular reports to the
Trustee Board. The Association also has five regular Committees to oversee specified areas of the Association's work; these
are the Finance Committee, the Personnel Committee, the Development Committee, the Audit and Risk Committee and the
Client Services Committee.

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
Page 4.
REPORT OF THE BOARD OF MANAGEMENT (continued)
OBJECTIVES (continued)
Company structure
The Association is established as a company limited by guarantee under the Companies Act 2006, as a registered charity
under the Charities Act 2011 and as a registered provider of social housing under Housing and Regeneration Act 2008. The
Association is a member of YMCA England
Related parties
The services offered by Brighton YMCA are an integral part of Brighton & Hove City Council's homelessness pathway and
homelessness reduction strategy. The Association receives a significant amount of its core funding from Housing Relate
Support contracts with Brighton & Hove City Council. Brighton YMCA works in partnership with other local service
providers in the city, such as CL and Arch Healthcare increasing the breadth of services and support accessible to residents
living in YMCA Brighton accommodation. The Association works with other local agencies and participates in local provider
networks to share expertise and resources and to develop best practice wherever possible.
Principal risks and uncertainties
Health and Adult Social Care commissioning team, the current contracts commenced on 1" July 2024 and 13" January 2025.
In addition to the main Support contracts, the Association also delivered a Work & Learning Support contract funded by the
Office of Health Improvement and Disparities for individuals in treatment for alcohol and drugs dependency. Brighton
YMCA will continue to diversify income streams to mitigate this area of risk.
A significant health and safety incident is identified as a principal risk to the Association due to the nature of the services
provided and the nature of the client group that the Association supports. During the year, the Association employed external
consultants to complete all fire safety risk assessments, legionella risk assessments and an annual health and safety audit.
Risk management
The Board is responsible for the Association's risk management strategy which:
- focuses on the significant risks that threaten the Association's ability to meet its objectives; and,
- provides reasonable assurance of the safeguarding of assets.
The Association has continued to develop our approach to risk, based on the three lines of defence model, captured in a
comprehensive risk register, with regular oversight by Board. Operational management established systems of internal
controls to implement its risk management strategy. The internal control system is designed to understand the risks to the
Association, manage and mitigate, within agreed risk appetite levels, rather than eliminate the risk of failure to achieve
business objectives and can only provide reasonable and not absolute assurance against material financial misstatement or
loss. The key elements are as follows:
Formal policies and procedures are in place including the documentation of key systems, which allow the monitoring
of controls.
- Risk register reported quarterly to the Audit and Risk Committee for scrutiny and every 2 months to the Board
Risk action plans are developed in relation to any risk areas that are outside the Association's risk appetite.
- Board appointment of external audit/review of risk including finance, safeguarding and health & safety.
- Comprehensive annual budgets complemented by financial reporting to the Board which includes detailed quarterly
management accounts reporting actual against budgeted performance and resulting variances. Performance against
the annual plan, service development plans and key performance indicators are also reported on a quarterly basis.

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
REPORT OF THE BOARD OF MANAGEMENT (continued)
Page 5.
Value for Money
Brighton YMCA continues to focus on value for money, while being clear to take account of the social value impact being
lelivered, when considering the use of resources. To ensure the Association achieves value for money staff and monetar
esources are closely managed and monitored to enable continuous improvement. Consideration is given to not only th
economic cost, but also efficiency and effectiveness, monitored through key performance indicators, impact measures and
client satisfaction surveys.
A further review of staffing structures led to a refocusing of staff resources, reducing management roles, and reinvesting into
frontline services to support residents.
Value for money metrics - The Value for Money Standard issued by the Regulator for Social Housing required the publication
of value for money metrics. The metrics are generally used by larger housing association with development portfolios and
all of the metrics are not entirely applicable to Brighton YMCA as the primary focus is on preventing homelessness, skills
development and creating opportunities for independence. In the interest of transparency and accountability, where the metric
is calculated as zero, this is reported as such.
1. Reinvestment percentage: 5.7% (2024 6.6%).
The reinvestment percentage considers the investment in properties (existing stock as well as new supply) as a
percentage of the value of total properties held, demonstrating the scale of investment in relation to the size of the
asset base. The Association's property stock has remained stable for several years, during the current period the
Association has continued a programme of improvement works.
2.
New supply (Social housing units) delivered percentage 0% (2024 0%)
The new supply percentage sets out the number of new social housing units that have been acquired or developed
in the year as a proportion of total social housing units owned at that period. The metric does not include social
housing properties transferred from another provider. Brighton YMCA only provides supported housing and is
not a developing organisation and has not delivered any additional units during the period.
3.
Gearing - 0% (2024 0%)
The gearing percentage assesses how much of the adjusted assets are made up on debt and the degree of
dependence on debt finance, demonstrating the proportion of borrowing in relation to the size of the asset base.
The Association has no debt finance.
4.
EBITDA (major repairs included) interest cover %: 0% (2024 0%)
The interest cover metric is a key indicator for liquidity and investment capacity and seeks to measure the level of
surplus generated compared to interest payable; the measure avoids any distortions stemming from the
depreciation charge. The Association has no debt finance and therefore incurs no Interest cost.
5. Headline social housing cost per unit: £20,672 (2024 £17,691)
As a specialist supported housing provider, this reflects the extent of support provided to residents, the
infrastructure requirements for a registered provider of supported housing and the high wage area the organisation
operates in.
6. Operating margin (social housing lettings only) - 1.4% (2024 8.1%)
The operating margin demonstrates the profitability of operating assets before exceptional expenses are taken into
account. The overall operating margin: -2.8% (2024: 6.8%)
7.
Return on capital employed: -1.8% (2024 4.0%)
This metric compared the operating surplus to total assets, less current liabilities and it measures the efficient
investment of capital resources.
Key management personnel
The Board undertakes an annual salary review for all staff, including key management personnel, with the agreed percentage
increase being applied to all staff. Salary levels for new key management appointments are agreed by the Chair of the Board,
taking into account those on offer in other local and regional Associations operating in the same sector.

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
REPORT OF THE BOARD OF MANAGEMENT (continued)
Page 6.
Defined Benefit Pension Scheme
The Trustees recognise possible concern relating to its participation in a defined benefit pension scheme. Appropriate action
has been taken: The scheme was closed to new members in 2007, and the link to final salary broken in 2011. Additional
contributions continue to be made to reduce the deficit. As part of the YMCA federation, the multi-employer scheme is run
by an independent board of trustees with employer representation through the Principal Employer, the National Council of
YMCAs. The pension scheme trustees obtain an actuarial valuation every three years and we have considered the
implications to the charity's finances from the latest available actuarial valuation. We have reviewed the charity's ability to
continue to deliver its charitable objectives by ensuring budgets, forecasts and plans are available and include the impact of
pension scheme deficit repayments in considering going concern status, reserves, and the risks and uncertainties that the
charity face noted elsewhere in this Report.
The Association benefits from the pension scheme trustees and the Principal Employer seeking suitable specialist
professional advice both to manage the scheme and in the continuing effort to explore ways of reducing the overall pension
deficit. The notes to the Accounts include an accounting policy and further details in note 19.
PRINCIPAL ACTIVITIES
On 315 March 2025 the Association provided 290 units of supported housing. These are broken down as follows:
1. William Collier House
William Collier House provides 93 single bedsit units, with 24-hour on-site staffing. Five of these units are completely
self-contained, of which 3 are fully accessible. All nominations come from the Housing Options Team within the
Council's Adult Social Care and Housing Department. As in all our premises, we provide strengths based, person
centred, housing related support to help clients gain the skills and resilience to move towards independence. William
Collier House provides Medium Support, with residents expected to stay no longer than 2 years before moving-on.
2. George Williams Mews
George Williams Mews offers 24 hour on-site staffing and provides the following:
1-5 George Williams Mews comprises 25 bedrooms in 5 shared houses. The accommodation provides high support for
residents, for up to 2 years.
6-7 George Williams Mews comprises 37 self-contained studio flats in a three-storey block of flats. The accommodation
provides low support for residents, for up to 2 years.
8 George Williams Mews comprises office and training facilities, where YMCA Brighton provides work and learning
activities that enable clients to gain skills and independence.
3. Fred Emery Court
Fred Emery Court provides 32 self-contained studio flats with 24 hour on-site staffing. The accommodation offers
medium support to residents for up to two years.
4.
Stanley Court
5.
Stanley Court provides 31 self-contained studio flats with 24 hour on-site staffing. The accommodation offers medium
support to residents for up to two years.
Leslie Best House
Leslie Best House provides 11 tenancies in self-contained flats with 24 hour on-site staffing for individuals with mental
health needs. The accommodation offers medium support to residents.

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
REPORT OF THE BOARD OF MANAGEMENT (continued)
PRINCIPAL ACTIVITIES
Page 7.
6. Morton Court
This scheme provides 27 low support tenancies in self-contained studio flats with 24 hours staffing from neighbouring
George Williams Mews, where tenants also access courses.
7. 158 Old Shoreham Road
This end-of-terrace property provides low support tenancies from 2 self-contained flats. with 24 hours staffing from
neighbouring George Williams Mews, where tenants can also access courses.
8. Small houses.
The small houses project is currently made up of 1 shared house at 48 Highlands Road
The property provides low support accommodation for 5 single clients who wish to live together in this family house.
Each client has their own single bedroom and they share communal facilities. Residents are supported by a manager
with emergency out of hours support provided from neighbouring George Williams Mews, where tenants also access
courses.
At the balance sheet date, the properties at 54 Benfield Way and 56 Benfield Way, which had previously been marketed
for sale were being refurbished with a view to being brought back into use during 2025/26.
9. Steine House
Steine House comprises 13 self-contained flats and a shared apartment for 4 clients. YMCA Brighton's head office is
currently located in this property.
10. Bennett House
This property, for which a lease extension is under negotiation, provides self-contained accommodation with high to
medium support for 10 residents.
11. EVOLVE (Education, Volunteering, Vocational training & Employment)
EVOLVE is a floating support coaching service for adults who are in treatment with drugs and alcohol services.
Clients receive support to take the next step towards education, volunteering, vocational training, or employment
aspirations.
EVOLVE provides a personalised strengths-based service, ensuring client's aspirations are at the heart of their
support and encouraging them to take ownership of their life. Through a flexible and creative approach, coaches work
with clients to develop resilience and embed positive responses to the challenges they face on their journey to
independence.
ACHIEVEMENTS AND PERFORMANCE
During the year, the Association has continued to provide safe and secure housing to our clients. Following the years of
Covid lockdowns the return to in-person activities at all our housing projects has helped to strengthen the community
connection which is such an important part of what Brighton YMCA stands for.
The organisation continues to provide supported accommodation to residents and despite the impact of referrals and access
to wider services and placement opportunities, continues to provide coaching to individuals to access work, volunteering or
education.
During the year, the Association has continued to involve all its clients by holding regular consultation meetings at each of
its projects.

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
REPORT OF THE BOARD OF MANAGEMENT (continued)
PRINCIPAL ACTIVITIES
Page 8.
Furthermore, client representatives meet formally with Board members on its decision-making Client Services Committee.
Through consultation with its clients in this way, Brighton YMCA has agreed a range of"Client-Identified Service Standards
- Local Offers" to provide enhanced arrangements and services for its residents.
The Board released the Association's 2024-2030 Strategy in April 2024. Throughout 2024/2025, the Association Leadership
team led on the delivery of the strategic objectives identified in the organisation strategy.
LANS FOR FUTURE PERIOD
The Association has identified a number of objectives for the next 6 years including:
- People - We will develop pay, benefits and training packages that attract and retain skilled staff. We will develop a
volunteer programme that will add to our existing support offer.
- Services - We will deliver the most supportive and good quality housing we can by coordinating maintenance works
and repairs with robust systems. We will measure our impact by developing a Theory of Change and will evaluate
ourselves against an evidence based psychological model of support delivery. We will review ourselves against existing
and proposed compliance standards ensuring that we are able to adapt to new legislation in a timely manner.
- Partnership - We will be more visible locally and nationally and will lobby for change on behalf of our service users.
- Resources - We will develop robust financial plans, develop a Net Zero strategy, an IT strategy and a marketing strategy.
INVESTMENT POWERS AND POLICY
The Association currently has funds held in fixed interest term deposits and under management by Rathbones.
RESERVES POLICY
The Association's reserves are primarily invested in its properties to provide accommodation and services. It is the policy of
the Association to maintain a sufficient level of free reserves to secure its viability beyond the immediate future. The
Association has considered its reserves policy in the light of the guidance given by the Charity Commission and advice
obtained from consultants to the Housing Association movement. The Association has resolved to aim to maintain a
minimum level of free reserves of €1,437,040, equivalent to 3 months operational costs, against future uncertainties. Free
reserves at 3 Ist March 2025 stood at E1,665,392.

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
REPORT OF THE BOARD OF MANAGEMENT (continued)
Page 9.
FUNDS HELD ON BEHALF OF OTHERS
Staff have pro-actively helped and encouraged clients to open their own bank or building society accounts. Consequently,
the Association no longer hold funds on behalf of others.
FREEHOLD PROPERTY
The Board of Management considers that the open market value for existing use by registered providers of social housing of
the freehold properties is considerably in excess of book value.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the members of the Board of Management are aware, there is no relevant audit information (as defined by Section
418 of the Companies Act 2006) of which the Association's auditors are unaware, and each member of the board of
management has taken all the steps that they ought to have taken as a member of the board of management in order to make
themself aware of any relevant audit information and to establish that the Association's auditors are aware of that information.
By order of the Board
Stellas
S. J. Johnston-Ellis
Nigel Pollard
N. J. Pollard
29 SEP 2025
Registered office:
Steine House
55 Old Steine
Brighton
BNI INX
RESPONSIBILITIES OF THE BOARD OF MANAGEMENT
Company law and registered social housing legislation require the Board of Management to prepare financial statements for
each financial year. Under that law the Board of Management have elected to prepare the financial statements in accordance
with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the Board of Management must not approve the financial statements unless they are satisfied that they
give a true and fair view of the state of affairs of the Association and of the results for that period. In preparing these financial
statements, the Board of Management is required to:
1.
4.
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements; and,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Association
will continue in business.
The Board of Management is responsible for keeping proper accounting records which disclose with reasonable accuracy at
any time the financial position of the Association and enable it to ensure that the financial statements comply with The
Accounting Direction for Social Housing in England from April 2019, the Housing and Regeneration Act 2008, and the
Companies Act 2006. It has general responsibility for taking reasonable steps to safeguard the assets of the Association and
to prevent and detect fraud and other irregularities.
The Board of Management members are shown on page 1.

Page 10.
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
BRIGHTON Y.M.C.A. (Limited by Guarantee)
Opinion
We have audited the financial statements of Brighton Y.M.C.A (the 'association') for the year ended 31 March 2025 which
comprise the Statement of Comprehensive Income, Statement of Changes in Reserves, Statement of Financial Position, Cash
Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the association's affairs as at 31 March 2025 and of its income and expenditure
for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and,
- have been prepared in accordance with the Charities Act 2011, the Housing and Regeneration Act 2008 and The
Accounting Direction for Private Registered Providers of Social Housing 2019.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial
statements section of our report. We are independent of the association in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a
period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant
sections of this report.
Other information
The board is responsible for the other information. The other information comprises the information included in the annual
report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not
cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the board report (incorporating the chair's report) for the financial year for which the
financial statements are prepared is consistent with the financial statements; and.
- the board report (incorporating the chair's report) has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the association and its environment obtained in the course of the audit,
we have not identified material misstatements in the board report (incorporating the chair's report).

Page 11
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
BRIGHTON Y.M.C.A. (Limited by Guarantee)
(continued)
Matters on which we are required to report by exception (continued)
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been received from
branches not visited by us; or,
- the financial statements are not in agreement with the accounting records and returns; or,
certain disclosures of directors' remuneration specified by law are not made; or,
We have not received all the information and explanations we require for our audit.
In addition, we have nothing to report in respect of the following matter where the Housing and Regeneration Act 2008
requires us to report to you if, in our opinion:
-
a satisfactory system of control over transactions has not been maintained.
Responsibilities of trustees
As explained more fully in the Responsibilitics of the Board of Management set out on page nine, the board members (who
are also the directors of the association for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine
necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
In preparing the financial statements, the board is responsible for assessing the association's ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless
the trustees either intend to liquidate the association or to cease operations, or have no realistic alternative but to do so.
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance
is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect
a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
The extent to which the audit was considered capable of detecting irregularities including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with
our responsibilities, outlined above, to detect matcrial misstatements in respect of irregularities, including fraud. The extent
to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and
non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities
and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other
management, and from our commercial knowledge and experience of the social housing sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial
statements or the operations of the company, including the Charities Act 2011, Housing and Regeneration Act 2008,
Accounting Direction for Social Housing in England from January 2019, taxation legislation and data protection,
anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an
understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

Page 12.
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
BRIGHTON Y.M.C.A. (Limited by Guarantee)
(continued)
Auditors' responsibilities for the audit of the financial statements (continued)
To address the risk of fraud through management bias and override of controls, we
performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entrics to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of
potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation:
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from
financial transactions, the less likely it is thar we would become aware of non-compliance. Auditing standards also limit the
audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other
Material misstatements that arise due to fraud can be harder to detect than those that arise froin error as they may involve
deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the association's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies
Act 2006 and section 137 of the Housing and Regeneration Act 2008. Our audit work has been undertaken so that we might
state to the association's members those matters we are required to state to them in an auditor's report and for no other
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
association and the association's members as a body, for our audit work, for this report, or for the opinions we have formed.
O Maes
Chris Morey (Senior Statutory Auditor)
for and on behalf of Feist Hedgethome Limited
Statutory Auditors
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BNI 6SB
Date: 6 Octcher 2025

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
STATEMENT OF COMPREHENSIVE INCOME
Year ended 31 MARCH 2025
2025
TURNOVER
Operating costs
OPERATING SURPLUS/(DEFICIT)
Gain/(Loss) on disposals of fixed assets
(Loss)/gain on investments
Dividend income
Interest receivable
Donations
Grant income
SURPLUS/(DEFICIT) FOR THE YEAR
Actuarial gain/(loss) in respect of pension schemes
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
Note
2
2
2
6
3
6,373,916
(6,553,903)
(179,987)
12461)
6,520
24,656
10,432
8,070
(133,494)
-
(133,494)
There were no discontinued operations during the year.
The notes on pages 17 to 28 form part of these financial statements.
The financial statements were approved by the Board on
29 SEP 2025
Nigel Pollad
S. J. Johnston-Ellis
N. J. Pollard
.. and signed on its behalf by
Page 13.
2024
6,179,650
(5,759,431)
420,219
133266
6,549
29,959
26,553
519,687
287,768
807,455

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
STATEMENT OF CHANGES IN RESERVES
Year ended 31 MARCH 2025
Balance as at 1 April 2024
Surplus/(Deficit) from statement of
comprehensive income
Transfer from revaluation reserve to
income and expenditure reserve
Transfer of restricted expenditure
from unrestricted reserve
Balance at 31 March 2025
Income and
Expenditure
Reserve
€
5,934,136
(133,494)
-
5,800,642
The notes on pages 17 to 28 form part of these financial statements.
Restricted
Reserve
€
-
Revaluation
Reserve
-
-
-
Page 14.
Total
5,934,136
(133,494)
-
5,800,642

Page 15.
BRIGHTON Y.M.C.A.
(Limited by Guarantee)
STATEMENT OF FINANCIAL POSITION
At 31 MARCH 2025
Note
FIXED ASSETS
Tangible assets - housing properties
Tangible assets - other
Investments
TOTAL FIXED ASSETS
CURRENT ASSETS
Stock of provisions
Debtors and prepayments
Cash and cash equivalents
11
CREDITORS: amounts falling due
within one year
NET CURRENT ASSETS
Monies held for residents
Amounts due to residents
13
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: amounts falling due
after more than one year
14
Provisions for liabilities
- Defined Benefit Pension Scheme
19
TOTAL NET ASSETS
CAPITAL AND RESERVES
Revenue reserves
16
2025
8,004,422
112,814
269,494
8,386,730
2024
7,861,617
131,822
287,889
8,281,328
6,325
638,768
1,599,532
2,244,625
(610,548)
:
6,325
516,505
2,305,866
2,828,696
(686,325)
:
1,634,077
-
10,020,807
(4,061,003)
(159,162)
5,800,642
5,800,642
5,800,642
2,142,371
10,423,699
(4,251,480)
(238,083)
5,934,136
5,934,136
5,934,136
The notes on pages 17 to 28 form part of these financial statements.
29 SEP 2025
The financial statements were approved by the Board on
Stellas
Nigel Polland
S. J. Johnston-Ellis
N. J. Pollard
..and signed on its behalf by

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
CASH FLOW STATEMENT
Year ended 31 MARCH 2025
Note
17
NET CASH OUTFLOW
FROM OPERATING ACTIVITIES
CASH FLOW FROM INVESTING
ACTIVITIES
Purchase of tangible fixed assets
Proceeds from sale of tangible fixed assets
Interest received
Purchase of investments
ale of investmen
ividend incom
Investment charges
(508,959)
24,656
(45,818)
61,795
6,520
(2,860)
CASH FLOW FROM
FINANCING ACTIVITIES
-
NET CHANGE IN CASH
AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS
AT BEGINNING OF THE YEAR
CASH AND CASH EQUIVALENTS
AT END OF THE YEAR
The notes on pages 17 to 28 form part of these financial statements.
2025
(241,668)
(464,666)
(706,334)
2,305,866
1,599,532
(589,683)
29,959
(53,154)
51,527
6,105
(2,628)
Page 16.
2024
630,069
(557,874)
-
72,195
2,233,671
2,305,866

Page 17.
BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 MARCH 2025
1. ACCOUNTING POLICIES
The principal accounting policies of the Association are set out below:
a) Legal status
The association is a company limited by guarantee, incorporated in England and Wales, registered under the
Companies Act 2006 and is a registered housing provider and charity.
The registered office of the company is Steine House, 55 Old Steine, Brighton, BN1 INX.
b) Accounting basis
c)
These financial statements are prepared
in accordance with UK Generally Accepted Accounting Practice (UK
GAAP) including Financial Reporting
Standard 102 (FRS 102), the Housing SORP 2014: Statement of
Recommended Practice for Registered Social Housing Providers and the Accounting Direction for Private
Registered Providers of Social Housing.
The presentational currency of the financial statements is pound sterling (£).
The members of the Board of Management have a reasonable expectation that the Association has adequate
resources and reserves to be able to continue its operations for the foreseeable future. The Board have concluded
that the financial statements should continue to be prepared using the going concern basis.
Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The
items in the financial statements where these judgements and estimates have been made include:
1)
Significant management judgements
There have been no significant management judgements made when applying the accounting policies of the
Association.
ii)
Estimation uncertainty
Information about estimates and assumptions that have the most significant effect on recognition and
measurement of assets, liabilities, income and expenses is provided below. Actual results may be substantially
different.
a) Useful life of depreciable assets
Management reviews its estimate of the useful lives of depreciable assets at each reporting date based on the
expected utility of the assets. Uncertainties in these estimates relate to technological obsolescence that may
change the utility of certain software and IT equipment and changes to decent homes standards which may
require more frequent replacement of key components. Accumulated depreciation as at 31 March 2025 was
b) Defined benefit obligation (DBO)
Management's estimate of the DBO is based on a number of critical underlying assumptions such as standard
rates of inflation, mortality, discount rate and anticipation of future salary increases. Variation in these
assumptions may significantly impact the DBO amount and the annual defined benefit expenses (as analysed
in Note 19. The contractual liability at 31 March 2025 was £159,162.

Page 18.
BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
1. ACCOUNTING POLICIES (continued)
d) Taxation
The Association is a registered charity qualifying for exemption from Income, Corporation and Capital Gains Tax.
e)
Deferred grant income
Deferred income represents amounts received for future periods and is released to incoming resources in the period
to which it relates.
Housing properties
Housing properties are properties held for the provision of social housing or to otherwise provide social benefit.
Housing properties are principally properties available for rent and are stated at cost less accumulated depreciation
and impairment losses. Cost includes the cost of acquiring land and buildings, development costs and interest
charged on the mortgage loans to finance the scheme.
Works to existing properties which replace a component that has been treated separately for depreciation purposes,
along with those works that result in an increase in net rental income over the lives of the properties, thereby
enhancing the economic benefits of the assets, are capitalised as improvements.
g) Government grants
Government grants include Social Housing Grants and grants from local authorities and other government
Associations. Government grants received for housing properties are recognised in income over the useful life of
the housing property structure and, where applicable, its individual components (excluding land) under the accruals
Grants relating to revenue are recognised in income and expenditure over the same period as the expenditure to
which they relate once reasonable assurance has been gained that the entity will comply with the conditions and
that the funds will be received.
h) Depreciation of tangible fixed assets
Depreciation is provided on the following basis:
Property
Residents' furniture
Motor vehicles
Horticultural equipment
Office furniture and kitchen equipment
2%
33 1/3%
25%
20%
20%
per annum on cost
per annum on cost
per annum, reducing balance
per annum, reducing balance
per annum on cost
i) Impairment
Annually housing properties are assessed for impairment indicators. Where indicators are identified an assessment
for impairment is undertaken comparing the carrying amount to its recoverable amount. Where the carrying amount
is deemed to exceed its recoverable amount, the scheme is written down to its recoverable amount. The resulting
impairment loss is recognised as operating expenditure.
j) Pension scheme
The Association participated in a multi-employer defined benefit pension plan for employees of YMCAs in
England, Scotland and Wales, which was closed to new members and accruals on 30 April 2007. Due to insufficient
information, the plan's actuary has advised that it is not possible to separately identify the assets and liabilities
relating to Brighton YMCA.

Page 19.
BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
1. ACCOUNTING POLICIES (continued)
j) Pension scheme (continued)
As described in note 19, Brighton YMCA has a contractual obligation to make pension deficit payments of
£77,571 pa over the period to April 2027 (2024: €77,571pa to April 2027), accordingly this is shown as a liability
in these accounts. In addition, Brighton YMCA is required to contribute £24,273pa (2024: £24,723pa) to the
operating expenses of the Pension Plan and these costs are charged to the Statement of Comprehensive Income as
The Association also operates a defined contribution pension scheme. The Association's contributions to this
scheme are charged to the Income and Expenditure Account in the period to which they relate.
k)
Reserves
It is the policy of the Association to maintain a sufficient level of reserves to secure its viability beyond the
immediate future. The Association has considered its reserve policy in the light of the guidance given by the Charity
Commission and advice obtained from consultants to the Housing Association movement. The Association
maintains a level of reserves against future uncertainties. This level of reserves is reviewed annually by the Board.
I)
Restricted Reserves
Restricted reserve funds are to be used for specific purposes as directed by the donor.
m) Turnover
Turnover comprises income from lettings including rents and service charges due from residents. Service charges
comprise set amounts charged to residents to contribute towards the cost of heat, light and water. Rents and service
charges are calculated and agreed in advance of the start of the year. Amounts received from Supporting People
Contracts are also included in turnover.
n) Operating leases
Operating leases are charged to the Income and Expenditure Account in equal annual amounts over the lease term.
0)
Financial instruments
Financial instruments which meet the criteria of a basic financial instrument as defined in Section I1 of FRS 102
are accounted for under an amortised historic cost model.
Basic financial instruments are recognised at amortised historic cost.
Non-basic financial instruments are recognised at fair value using a valuation technique with any gains or losses
being reported in surplus or deficit. At each year end, the instruments are revalued to fair value, with the movements
posted to the income and expenditure (unless hedge accounting is applied).
The association has not adopted hedge accounting for the financial instruments.
Investments
Investments held as fixed assets are stated at market value. Any gain or loss on revaluation is taken to the statement
of comprehensive income.

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
2. TURNOVER AND OPERATING SURPLUS/(DEFICIT)
Supported
housing
€
a) Income from lettings and projects
Rent receivable net of identifiable
service charges
Service charges receivable
Extra support services
5,342,795
296,568
Rent losses from voids
Service charge losses from voids
5,639,363
(414,953)
(17,449)
5,206,961
976,478
1..
6,373,916
Supporting People
Office of the Sussex Police
London Learning Consortium
School of Applied Social Science
BHCC Workplace Health
Government grants taken to income
Total income from lettings and projects
b) Expenditure on lettings and projects
Services and management
Routine maintenance
Depreciation of housing properties
Rent losses from bad debts
Service charge losses from bad debts
Other bad debts
5,282,258
846,352
307,106
111,972
6,215
Total expenditure on lettings and projects 6,553,903
Operating surplus/(deficit) from letting
and project activities
(179,987)
Other
:
:
-
:
5,342,795
296,568
-
5,639,363
(414,953)
(17,449)
5,206,961
976,478
190,477
6,373,916
5,282,258
846,352
307,106
111,972
6,215
6,553,903
(179,987)
Page 20.
2024
5,131,350
277,925
5,409,275
(219,276)
(9,473)
5,180,526
808,647
190,477
6,179,650
4,704,095
584,005
294,888
155,795
8,438
12,210
5,759,431
420,219

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
2. TURNOVER AND OPERATING SURPLUS (continued)
b)
2025
Income and Expenditure from Social Housing Lettings
Hostels
Interest receivable
Donations
Grant income
Gain/(Loss) on disposal of fixed assets
(Loss)/gain on investments
Dividend income
Surplus/(deficit) for the year
2024
Income and Expenditure from Social Housing Lettings
Hostels
Interest receivable
Gain on disposal of motor vehicle
Dissend ino investments
Surplus/(deficit) for the year
Operating
Turnover
6,373,916
6,373,916
6,179,650
6,179,650
Operating
Costs
6,553,903
6,553,903
5,759,431
5,759,431
Operating Investment
Surplus
Income
(179,987)
(179,987)
24,656
10,432
8,070
(767)
(2,418)
6,520
46,493
420,219
420,219
29,959
26,553
17,466
18,941
6,549
99,468
Interest
Payable
-
Page 21.
Surplus
/ (Deficit)
(179,987)
(179,987)
24,656
10,432
8,070
(767)
(2,418)
6,520
(133,494)
420,219
420,219
29,959
26,553
17,466
18,941
6,549
519,687

Page 22.
BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
3. SURPLUS/(DEFICIT) FOR THE YEAR
The surplus/(deficit) for the year has been arrived at after charging/(crediting):
Auditor's remuneration
Directors' and senior management emoluments
Depreciation of properties
Depreciation of other tangible fixed assets
Operating lease rentals - land and buildings
Government grants taken to income
2025
2024
11,700
245,981
307,106
76,965
10,000
(190,477)
11,880
215,743
294,888
89,521
20,000
(190,477)
4. ACCOMMODATION
The number of bed spaces available at the beginning of the year was 292. The number of bed spaces available at the end
of the year was 290.
5. VOIDS AND BAD DEBTS
The cost of vacant accommodation and bad debts, £550,589 (2024: £392,982), amounts to 9.8% of the relevant income
receivable (2024: 7.3%).
6.
INTEREST RECEIVABLE
On bank deposits
On investments
24,411
245
24,656
2024
€
29,752
207
29,959

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
7. EMPLOYEES AND EMPLOYEE COSTS
The average number of persons (including the Chief Executive)
employed during the year was as follows:
Administration
Professional
Domestic
2025
No.
25
Employee costs (including the Chief Executive):
Wages and salaries
Defined contribution pension costs
Social security costs
Other pension costs
121
-
3,414,998
71,796
268,900
104,378
3,860,072
The full time equivalent number of staff who received remuneration (excluding directors):
2025
No.
£60,001 to £70,000
£70,001 to 680,000
£80,001 to £90,000
£90,001 to £100,000
8. KEY MANAGEMENT PERSONNEL
The aggregate remuneration for key management personnel charged in the year is:
Basic salary
Benefits in kind
Pension contributions
2025
231,518
14,463
245,981
There were no payments made to board members during the year (2024: €Nil).
Page 23.
2024
No.
15
84
-
3,090,933
67,101
235,669
126,862
3,520,565
2024
No.
2024
198,837
16,907
215,744

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
9. FIXED ASSETS
HOUSING PROPERTIES
Cost:
At 1 April 2024
Additions
Disposals
At 31 March 2025
Held for
Letting
14,744,406
409,660
15,154,066
Depreciation:
At 1 April 2024
Charge for year
Disposals
At 31 March 2025
Net book value:
At 31 March 2025
At 1 April 2024
6,882,789
303,081
7,185,870
7,968,196
7,861,617
Leaschold
Improvements
40,25 i
40,251
4,025
4,025
36,226
-
Page 24.
Total
14,744,406
119,911
15,194,317
6,882,789
307,106
7,189,895
8,004,422
7,861,617

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
10. OTHER FIXED ASSETS
Cost:
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation:
At 1 April 2024
On Dispos the year
At 31 March 2025
Net book value:
At 31 March 2025
At 1 April 2024
Furniture,
Fixtures,
Fittings
and
Equipment
747,600
59,048
(18,535)
788,113
619,526
76,028
(17,444)
11. FIXED ASSETS
INVESTMENTS
Valuation:
At 1 April 2024
Additions
Disposals
Revaluations
At 31 March 2025
Carrying amount at fair value:
At 31 March 2025
At 1 April 2024
Motor
Vehicles
15,793
:
75,793
-
Investment
Fund
€
287,889
45,818
(61,795)
(2,418)
269,494
269,494
287,889
Page 25.
Total
€
763,393
59,048
(18,535)
803,906
631,571
76,965
(17,444)
691,092
112,814
131,822

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued
Year ended 31 MARCH 2024
12. DEBTORS: amounts falling due within one year
Trade debtors
Income due from residents
Other debtors
Prepayments
13. CREDITORS: amounts falling due within one year
Trade creditors
Taxation and Social Security
Other creditors
Accruals
Deferred grant income (note 15)
14. CREDITORS: amounts falling due after more than one year
Deferred grant income (note 15)
15. DEFERRED GRANT INCOME
At 1 April
Grant received in the year
Released to income in the year
At 31 March
Amounts to be released within one year
Amounts to be released in more than one year
2025
€
106,137
327,072
1,153
204,406
638,768
2025
252,050
59,294
31,669
77,058
190,477
610,548
2025
€
4,061,003
4,061,003
4,441,957
(190,477)
4,251,480
190,477
4,061,003
4,251,480
Page 26.
2024
€
159,160
241,515
187
115,643
516,505
2024
348,830
56,512
13,187
77,319
190,477
686,325
2024
€
4,251,480
4,251,480
2024
4,632,434
(190,477)
4,441,957
2024
190,477
4,251,480
4,441,957

BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
16. REVENUE RESERVE
Balance at 1 April
Surplus/(Deficit) for the year after transfers to/from reserves
Balance at 31 March
17. CASH FLOW FROM OPERATING ACTIVITIES
Surplus/(Deficit) for the year
Adjustments for non-cash items:
Depreciation charges
- housing properties
- furniture, fixtures, fittings and equipment
- motor vehicles
(Increase)/Decrease in debtors
Increase/ (Decrease) in creditors
Pension deficit payments made
Increase/(Decrease) in pension liability
Carrying amount of tangible fixed asset disposals
Adjustments for investing or financing activities:
(Profit)/Loss on sale of fixed assets
Government grants utilised in the year
Interest receivable
Dividends received
Investment losses/(gains)
Investment charges
Net cash outflow from operating activities
18. OPERATING LEASES
Future minimum lease payments for non-cancellable
Operating leases payable in:
Less than one year
Between one and five years
Over five years
2025
5,934,136
(133,494)
5,800,642
2025
€
(133,494)
307,106
76,028
937
(122,263)
(75,777)
(79,682)
761
1,091
(190,477)
(24,656)
(6,520)
2,418
2,860
(241,668)
Land and
Buildings
2025
Page 27.
2024
5,126,681
807,455
5,934,136
2024
€
519,687
294,888
88,272
1,249
(42,223)
128,867
(99,908)
:
(17,466)
(190,477)
(29,959)
(6,549)
(18,941)
2,629
630,069
Land and
Buildings
2024
20,000
71,667
91,667

Page 28.
BRIGHTON Y.M.C.A.
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
Year ended 31 MARCH 2025
19. PENSION OBLIGATIONS
The Association participated in a contributory pension plan providing defined benefits based on final pensionable pay
for employees of YMCAs in England, Scotland and Wales. The assets of the YMCA pension plan are held separately
from those of the Association and at the year end these were invested in the Mercer Dynamic De-risking Solution, 65%
matching portfolio and 35% in the growth portfolio and Schroder (property units only).
The most recent completed three year valuation was as at 1 May 2023. The assumptions used which have the most
significant effect on the results of the valuation are those relating to the assumed rates of return on assets of 4.56%, the
increase in pensions in payment of 3.18% (for RPI capped at 5% p.a.), and the average life expectancy from normal
retirement age (of 65) for a current male pensioner of 21.5 years, female 24.0 years, and 23.1 years for a male pensioner,
female 25.7 years, retiring in 20 years' time. The result of the valuation showed that the actuarial value of the assets was
£103.1 million, which represented 92% of the benefits that had accrued to members.
The Pension Plan was closed to new members and future service accrual with effect from 30 April 2007. With the
removal of the salary linkage for benefits, all employed deferred members became deferred members as from 1 May
The valuation prepared as at 1 May 2023 showed that the YMCA Pension Plan had a deficit of £9.1 million. The
Association has been advised that it will need to make monthly contributions of £6,464 from 1 May 2024. This amount
is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual
performance of the Pension Plan. Agreed future deficit contributions have been discounted using a rate of 3.1% (2024:
4%). The current recovery period is 3 years commencing 1" May 2024.
As at 31 March 2025
As at 31 March 2024
Within
one year
77,571
79,433
Repayable
One to
two years
75,494
77,571
Two to
five years
After five
years
6,097
81,079
-
After more
than
one year
81,591
158,660
TOTAL
2025
TOTAL
2024
159,162
238,083
Balance at 1 April
Increase/(Decrease) in provision
Payments in year
Balance at 31 March
2025
238,083
761
(79,682)
159,162
2024
625,759
(287,768)
(99,908)
238,083
1 addition, the Association may have, over time, liabilities in the event of the non-payment by other participatin
MCAs of their share of the YMCA Pension Plan's deficit. It is not possible currently to quantify the potential amoun
that the Association may be called upon to pay in the future.