YMCA England Annual Report 2008/09

YMCA ENGLANDNational Council of Young Men’s Christian Associations (Incorporated)

Annual Report & Accounts2008/09

ENGLAND

Contents

3 WhatWeDo

4 WelcomefromtheChair

BoardofTrustees’Report

6 YMCAEnglandin2008/09

13 Campaigns,CommunicationsandFundraisingReview

14 LookingAhead

15 FinancialReview

19 OurOrganisation

25 TrusteesandAdvisors

IndependentAuditors’Report

29 ReportfromPKF(UK)LLP,RegisteredAuditors

FinancialStatements

34 ConsolidatedStatementofFinancialActivities

35 StatutoryIncomeandExpenditureAccountand StatementofTotalRecognisedGains

36 BalanceSheets

37-38 ConsolidatedCashflowStatement

39-40 AccountingPolicies

41-55 NotestotheFinancialStatements

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Annual Report & Accounts 2008/09 YMCA England

Wha

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WhatWeDo

YMCAEnglandworkstosupport,representandempowerYMCAsalloverEngland,helpingthemtransformcommunitiessothatallyoungpeoplecantrulybelong,contributeandthrive.Wearepartoftheworld’slargestyouthcharity,witharound45millionmembersin124countries.

ByworkingwithYMCAswhounderstandlocalissues,theYMCAMovementinEnglandmeetstherealneedsofyoungpeople,supportingtheminawaywhichisnationallysignificantbutlocallyrelevant.Together,we’rehelpingyoungpeoplebuildafuture.BecauseatYMCAEngland,webelievethateveryyoungpersonshouldhavetheopportunitytogrowandachieve.

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YMCA England Annual Report & Accounts 2008/09

Welcom

e from the C

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WelcomefromtheChair

WelcometoYMCAEngland’sAnnualReport2008/09.

Thepastyearhasbeenexcitingandrewarding,yetchallengingaswell.

Excitingandrewardingthatwehaveincreasingclarityaroundourroleandfunctionandchallengingtoenterayearoftransitionwithinaclimateofeconomicdownturn.YetIampleasedthatwehavebeenabletodeliveronmanyofourpromisesduringtheperiod.

ClarityhascomefromaMovement-wideconsultationoverthelasttwelvemonths,withinwhichwehaveaskedYMCAswhattheywantfromYMCAEnglandandtoidentifythemajorissuesthatweneedtoaddresstogether.TheBoardofTrustees’recommendationstothis“MovementConversation”hasseenanewstrategyforYMCAEnglandbeingdevelopedduringsummer2009.

IamthankfultoIanGreenforundertakingthisconsultationanddelightedthatIanhassubsequentlybeenappointedasYMCAEngland’sChiefExecutivetodevelopandimplementthestrategy.

Ihavealsobeenimpressedbythewayourseniormanagementteam,staffandvolunteershaverisentothechallengesoftheyear.Therehavebeensomedifficultcircumstancestodealwithandharddecisionstomakeduringtheperiod.IapplaudtheYMCAEnglandteamfortheirtirelessendeavoursduringtheyearandwouldliketothankthemonbehalfoftheBoardofTrusteesfortheircontinuedenthusiasm,commitmentanddedication.

Iwouldliketopaytributetothesupportthatourpresident,DrJohnSentamu,ArchbishopforYorkcontinuestogiveus,despitehisbusyschedule,providinganationalprofileandspecificallysupportingourfundraisingandpolicywork.

Iamhugelygratefulforthegenerosityofsupporterswho,throughatimeofglobalrecession,havedemonstratedthathelpingyoungpeoplebuildafutureisstillvitallyimportant.Theyshareourvisionthatyoungpeoplecantrulybelong,contributeandthriveinourcommunities.

Iwasthrilledtohearaboutoneyoungpersonwho’sclearlythriving,NorthStaffordshire’sToniCowans,whohasexperiencedtheYMCAasaresident,

volunteer,staffmemberandasaNationalAssemblycommitteemember.

Toniwasrecognisedas“YoungActivistoftheYear”bytheSheilaMcKechnieFoundation,aftershesuccessfullymobilisedYMCAswithhercampaigntoraiseawarenessofHIV/AIDS.Tonireceivedherwell-deservedawardfromGordonBrownataceremonyat10DowningStreetinJuly2008.

Anotherhighlightoftheyearforme,wasbeingabletopresentthefirsteverInsyncStandardsAccreditationtoLiverpoolYMCAatNationalAssembly.TheAccreditationisafittingrewardforLiverpool’sprovisionofqualityservicesandtheircommitmenttocontinuousimprovement.

Iamalsoproudthatwehavebeenabletofurtherdemonstrateourcommitmenttoyoungpeople’sparticipationinourwork,withyoungconsultantsbeingappointedtothemyplaceprogramme,residentselectedontotheNationalTenant’sForumandyoutheditorsandcontributorsdevelopingthenewY-BaseMagazine.

Thepastyearhasprovidedexcellentfoundationsforallourambitions.Atitsheart,theYMCAisarelationalorganisationand2008-09hasstrengthenedthoserelationshipsforcommonpurpose.

Lookingahead,theabilitytoreachourpotentialasaMovementisinourownhandsandIamgenuinelyexcitedbytheincreasingcooperationacrosstheYMCAMovementinEnglandwhichwillmakearealdifferencetothelivesofyoungpeople.

TimWaldron

Board of Trustees’ Report

Review of the Year

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Review

of the Year

TodaytheneedfortheYMCAinEnglandisgreaterthanever:

• ThenumberofyoungpeopleNotinEmployment,EducationorTraining(NEET)hasrisentojustunderonemillion;

• Everyyearthousandsofyoungpeopleleavehomebeforetheyreach18,manybecominghomeless,sleepingroughormovingfromoneformoftemporaryaccommodationtoanother.Thebreakdownoffamilyunitshasbeenidentifiedasthemaintriggerforhomelessnessamong16–17-year-olds;

• Thenumberofunder-18sincustodystandsatover2,500.Statisticsshowthat80%ofthoseyoungpeoplewillre-offendwithintwoyears;

• IntheUK,27%ofchildrenarenowoverweightandthenumberofunder-18sbeingprescribedweightlossdrugsrose15-foldbetween1999and2006.

YMCAEnglandsupports,representsandempowersaround135YMCAsinprovidingprofessionalandrelevantservicestoyoungpeopleinover250communities.

YMCAEngland’sworkhasthreeobjectives

• TosupportYMCAsbypromotinghighstandardsofworking,sharingbestpracticeandfundraisingontheirbehalf;

• TorepresentYMCAstoregionalandnationalgovernment,themediaandthepublic;

• ToempowerYMCAs’work,partneringwiththemtopilotnewprojects,andprovidetrainingopportunitiesfortheirstaffandvolunteers.

HowYMCAEnglandachievesthis

Ourcharitableactivitiesfallunderthreeheadings:

1. WorkwithandforMemberYMCAs

2. HousingandHomelessness

3. WorkwithandforYoungPeople

Throughoutthisreportyouwillfindouthowweperformedagainsttheaimswesetourselvesfor2008/09.

YMCAEnglandin2008/09

For165yearstheYMCAhasadaptedtomeetthespecificneedsofyoungpeopleandtheirfamilies.FromprovidingemergencysupporttoyoungmenonthefrontlinesofWorldWarOnetoworkingwithyoungpeoplecaughtupinthecriminaljusticesystemtoday,YMCAsofferhelpwhenandwhereyoungpeopleneeditmost.

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TheYMCAMovementinEnglandconsistsofaround135autonomousYMCAcharities,whichaffiliatetoYMCAEngland.Inreturn,weprovidethesememberYMCAswithexpertadviceandguidanceinallareasoftheirwork.Wedonotdictatetoourmembershowandwheretheyoperate,butwedonurtureaMovementwhichflourishesthroughgreatrelationships,meaningfulpartnershipsandacommonvisionforyoungpeople.

WeaimedtopromotesustainabilityinmemberYMCAsthroughdevelopmentandfundraising,andmonitorprogress.

YMCAEnglandiscommittedtobuildingcapacityinmemberYMCAssotheycanprovideworldclassservicestoyoungpeopleintheircommunities.Thisyear,weachievedthisinavarietyofways,suchasprovidingadviceandguidanceonstrategicplanninganddelivery,fundraisingdirectlyonbehalfofmemberYMCAsandsharingexpertisesoYMCAscanstrengthentheirownsustainability.

WepaidparticularattentiontoimprovingstandardsofgovernanceatmemberYMCAs,providingthemwithboarddevelopmenttools,trusteerecruitmentandinductionadvice,supportforChairsandcoordinatingvisionandstrategyevents.

WeaimedtostrengthenourlinkswithmemberYMCAsbyofferingfundraisingadviceandservices.

Thisyear,YMCAEnglandlaunchedafundraisingandmarketingforumenablingstafffrommemberYMCAstosharefundraisingideasandengageinjointplanning.ThisforumalsogaveYMCAEnglandstafftheopportunitytorespondtotheneedsofmemberYMCAs,providingfundraisingadviceandtrainingwhererequired.ByfacilitatingstrongnetworksbetweenmemberYMCAstaff,wehavebeenabletoshareknowledgeandbestpractice,anddevelopamoreunitedapproachwithintheYMCAMovement.

Outsidefundraising,wealsomadeitaprioritytoenablememberYMCAstafftogainfrombeingpartoftheYMCAMovementthroughnetworkingevents,regionalconferences,meetingsofChiefExecutivesandChairs,andspecialinterestgroups.

OurAimsandAchievements

1. Work with and for YMCAs

YMCAEnglandexiststosupport,representandempowermemberYMCAs.Bydoingthis,wearemakingsureyoungpeoplealloverthecountryreceiverelevant,meaningfulhelpwhenandwheretheyneeditmost.

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Weaimedtoincreasethesizeofoursupporterbaseandreachayoungermorediverseaudience.

OnlythroughthegenerousdonationsofoursupportersareweabletocontinuesupportingtheincredibleworkoftheYMCAMovementinEngland.Thisyear,weaimedtoincreasethenumberofindividualsdonatingtoourworktoenableustoreachmorevulnerableyoungpeopleinneedofsupport.

OurDirectMarketingTeamperformedwellthisyear,increasingoursupporterbaseby15.3%duringthekeyfundraisingmonthsofNovember2008throughtoMarch2009.Effortstoimprovetheagediversityofoursupporterswerealsoahugesuccess.Inparticular,ourRoomsponsorschemeencouragessupporterstosponsorayoungperson’sstayinaYMCAhostelfor£10amonth.Inaddition,welaunchedanewCaringGiftsrangeinNovember2008,enablingsupporterstobuyagiftfortheirlovedoneswhilecontributingtoourworkinacreativeway.Giftsincludedastreetsurvivalkitworth£15,vocationaltrainingforatroubledteenagerworth£50andashareinaminibuswithdisabledaccessfor£750.Theseinnovativeapproachestomarketingsucceededinattractingayoungerandmorevariedaudience,allowingustoprovidedirectfinancialsupporttotenmemberYMCAs.

WeaimedtouseourYMCAshopstocreateastrongerprofilewithinlocalandregionalmedia.

YMCAEngland’snationalnetworkofshopsprovidesanidealopportunitytogeneratevitalfundsandraiseawarenessofourworkamongthegeneralpublic.Thisyear,weaimedtostrengthenthispublicprofilebytargetingthelocalandregionalmedia.Wenowrunover130YMCAshopsinEnglandandWales.Duringtheyearwesuccessfullyincreasedourmediacoverage,generating71pressarticlesfeaturingYMCAEnglandandourcharityshops.

WeaimedtocompleteaselfassessmentofYMCAEnglandforallcorestandardswithintheInsyncframeworkanddevelopouractionplantoachieveaccreditationin2010.

InordertopromoteexcellencewithintheYMCAMovement,YMCAEnglanddevelopedanaccreditationprocesscalledInsyncStandardsin2004.YMCAsareencouragedtocompletearangeofcoreandservicestandardstoensurethehighestqualityofservicedelivery.YMCAEnglandalsoaspirestoachieveaccreditation,andmadeexcellentprogressinthisareaduringtheyear.Asuccessfulinterimassessmentonthegovernance,clientfocus,cateringandworkingwithyoungpeoplestandardswascompleted.ThetargetdateforInsyncaccreditationhasbeensetfor2011.

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Providinghousingsolutionswhichadequatelymeettheneedsofourresidentsisourhighestpriority.Werecognisethathomelessyoungpeoplerequiremorethanjustabed;theyneedholisticpracticalandemotionalsupportinordertogetbackontheirfeet.That’swhyyou’llfindahugerangeofservicesavailabletoYMCAresidents.Fromcookingandbudget-managementclassestocounselling,recreationalactivitiesandworkexperienceschemes.

Weaimedtoimproveperformancemonitoringandinformationforresidents,andinvolveresidentsinmanagementandgovernancebothnationallyandinourmanagedschemes.

Theneedsofyoungpeopleareourprimaryconcern,andthat’swhyweaimedtoengageresidentsmoreinourhousingwork.Thisyear,weco-optedtwoyoungresidentsontoourDevelopmentandHousingCommittee,givingthemasayinstrategicdecisionmakingwhichaffectshowtheylive.

WealsolaunchedaNationalTenant’sForum,givingresidentsinourmanagedschemestheopportunitytoprovidefeedbackandideasonhowourhousingservicescanbeimproved.

Wearededicatedtomakingsureourresidentsarekeptinformedaboutourperformanceandactivities.InMarch2009,welaunchedY-Base,amagazineforyoungpeoplelivinginYMCAEnglandaccommodation.Usingthestrapline‘createdforyou,byyou’,wearemakingsureyoungpeopletaketheleadontheirmagazine,recruitingayoutheditorialteamandyoutheditortomanagethemagazine’sproduction,andgivingYMCAEnglandresidentstheopportunitytowritearticlesforeachissue.YMCAEngland’sMovementCommunicationsTeamsupportstheyoungpeoplethroughoutthisprocess.

WeaimedtoworktowardsendinginappropriateuseofBed&Breakfastsandotherunsuitableaccommodationforyoungpeople.

WeweresuccessfulinobtainingfundingfromtheDepartmentofCommunitiesandLocalGovernment(DCLG)forajointinitiativewithCentrepointtotackletheissueofteenhomelessnessandthescandalofyoungpeoplebeinghousedinappropriatelyinbed&breakfastaccommodation.

ThefundingwaspartlyusedtoestablishsixYMCAactionlearningcentreswhereYMCAbestpracticesolutionscouldbetrialledandlearningsharedwithotherproviders.Inthe18monthsfollowingtheirlaunch,theYMCAactionlearningcentreshelped1,396teenagers,providingadvice,education,mediationandhousingsolutions.

Followingmonthsofinterviewsandresearch,YMCAEnglandreleasedareportonyouthhomelessnessinDecember2008,whichwasalsofundedbyDCLG.Thereport,Breaking it Down: Developing Whole-Family Approaches to Youth Homelessness,identifieswaysinwhichservicescanbettersupporttheparentsofhomelessteenagers.Onthebackofthereport,YMCAEnglandheldtwonationalconferencesenablingmemberYMCAs,localauthoritiesandotheragenciestoexploreoptionsforreducingyouthhomelessness.

InclosecooperationwithDCLGandCentrepoint,YMCAEnglandalsoestablishedanationalyouthhomelessnesswebsiteatwww.communities.gov.uk/youthhomelessness,whichoffersadvice,guidanceandexamplesofbestpracticeformemberYMCAsandotherexternalorganisations.


2. Housing and Homelessness

YMCAEnglandisaregisteredsociallandlord,with30housingschemes(approximately1000bedspaces)aroundthecountry.ThesearemanagedforusbymemberYMCAs.Inaddition,weprovideexpertguidancetomemberYMCAsrunningtheirownhousingschemes,whichamounttoanadditional6000bedspacesinEngland.

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Weaimedtodevelopasuitablestockconditiondatabaseandevaluatetheeffectivenessofresponsivemaintenanceatourmanagedschemes.

Wearecommittedtomakingsureourhousingfacilitiesarekeptinagoodstateofrepair,ensuringourresidentsenjoyacomfortablestayattheYMCA.Weunderstandthatformanyyoungpeoplewhohavenowhereelsetogo,havingawell-equipped,safeenvironmentisincrediblyimportant.

Thisyear,wecommissionedadatabasedetailingtheconditionsofallourmanagedschemes,andareusingthisinformationtocreateaprogrammeforcarryingoutrepairsoverthenext30years.

Ourworkinevaluatinghowresponsivewearetomakingrepairsisstillongoing,butaresidentsurveyfor2008indicatedthat95%ofurgentandroutinerepairswerecompletedwithintargettimeframes.Inaddition,99%ofrespondentsweresatisfiedwiththequalityofourrepairsservice.

WeaimedtomakefurtherbidstotheTenantsServicesAuthorityandotherfundingbodies,andwithYMCAEnglandactingasdeveloper,developandprojectmanageschemesformemberYMCAs.

WesecuredHomesandCommunitiesAgency(HCA)grantsworth£2,431,000tohelpremodelhousingfacilitiesatHaltonandSloughYMCAs.Inaddition,wesecuredfundingtosupportnewcapitaldevelopmentsatBournemouth,Bridgwater,Crewe,NorthStaffordshireandThamesGatewayYMCAs.

WealsocontinuedtorefinethewaywecollectandmonitorourperformanceinformationanddevelopedaninternalbenchmarkingsystemacrossourYMCAmanagedschemes.


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ThroughourWorkingwithYoungPeopleandOffenderServicesUnits,YMCAEnglandsupportsmemberYMCAsindeliveringtheirworkwithandforyoungpeople.

WeaimedtoincreasethecapacityoftheYMCAMovementinEnglandtoworkwithyoungpeoplewithinthejusticesystem.

Asmoreandmoreyoungpeoplegetcaughtupinthecriminaljusticesystem,theYMCAhasrespondedwithaninnovativeapproachtotacklingyouthcrime.Inadditiontoworkingwithyoungpeoplealreadyincustody,theYMCAsupportsyoungpeopleontheirrelease,andundertakespreventativeworkforyoungpeopleatriskofoffendingorre-offending.Wearealsopassionateaboutchallengingtheperceptionofyoungpeoplewiththepublic,mediaandgovernment,recognisingthatwearen’tdealingwithproblemyoungpeople,butyoungpeoplewithproblems.

Thisyear,ourteamofadvisorsprovidedexpertsupport,guidanceandadvicetomemberYMCAsdevelopingworkwithyoungpeoplecaughtupinoffending.WealsodevelopednewresourcestofurthertheworkofmemberYMCAsinthisarea,whichincludedanewwebsiteatwww.osu.ymca.org.uk.

FollowingthesigningofaMemorandumofUnderstandingbetweentheYMCAandtheYouthJusticeBoardin2007,wesuccessfullyfacilitatedthedevelopmentofcloserpartnershipsbetweenmemberYMCAsandtheirlocalYouthOffendingServices.


3. Work with and for Young People

YoungpeoplehavebeenattheheartoftheYMCA’sworksinceourinception165yearsago.Sincethen,theYMCAhaslearnttoadaptinaccordancewiththespecificneedsofyoungpeopleintheirlocalcommunities.InEngland,theYMCA’sworkcoverssevenkeyareas:housingandhomelessness;sport,health,exerciseandfitness;crimeandsafety;educationandskills;moneyandwork;citizenshipandpersonaldevelopment,andparentingandfamily.

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Weaimedtoconcludeourextendedschoolsmappingexerciseanddesignplanstotakeforwarditsfindings.

AspartofitsEveryChildMatters(ECM)agenda,thegovernmenthassetoutacoreofferofservicesthatallchildrenshouldbeabletoaccessthroughschoolsby2010.Withcountlessprojectsalreadyinplacearoundthecountry,werecognisedtheYMCA’spotentialroleinhelpingthegovernmentachievethisambitiousagenda.

YMCAEngland’sBEST(BridgingExtendedServicesTogether)projectthereforeaimstosupportmemberYMCAswhoarecurrentlydeliveringorlookingtodeliverextendedservicesintheirarea.Thisyear,wesuccessfullyconcludedamappingexerciseofextendedserviceprovisionwithintheYMCA,andsubsequentlydevelopedatoolkitandwebsitetosupportYMCAsindevelopingthisareaofwork.

YMCAEnglandalsocoordinatedaseriesofregionalconferencesaroundthecountry,facilitatingnetworkingopportunitiesandsharingbestpracticetoensureYMCAsaredeliveringthehighestqualityextendedservicesintheircommunities.

Weaimedtoengagewithover40youngpeopleatour‘ClaimYourVoice’trainingresidentials.

Webelievethatallyoungpeopleshouldhavetheskillsandconfidencetheyneedtospeakupaboutthethingsthatmattertothem.OurClaimYourVoiceprojectencouragesyoungpeoplefromaroundtheYMCAMovementtolearnhowtheycanengageinpoliticalprocesses.

Thisyear,webeatourtargetby250%,sendingover145youngpeopleonourClaimYourVoicetrainingcourseswheretheygainedvaluableskillsinpublicspeakingandlobbying.Inaddition,30youngpeopleagreedtobecomedemocracychampions,leadingdiscussionsontopicsthatmattertoyoungpeopleintheirareas.

Butouryouthinvolvementsuccessesdidn’tstopthere.TheYMCAalsotookaleadingroleinmyplace,amulti-millionpoundgovernmentprogrammetodeliverworldclassplacesforyoungpeople.Aspartofaconsortium,YMCAEnglandwonamyplacenationalsupportcontracttoassistmemberYMCAsandothersuccessfulmyplaceprojectsachieveyouthparticipation.Inresponsetothis,YMCAEnglandhirednineteenyoungconsultants,recognisingthatthosebest-placedtoadviseonyouthparticipationaretheyoungpeoplethemselves.Intotal,eightYMCAswereawarded£30millioninfundingtodevelopworldclassyouthfacilitiesaroundthecountry.

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Campaigns, Communications and Fundraising Review

In name, the YMCA is one of the world’s most recognised not-for-profit brands. At YMCA England, our challenge is to take that recognition further, ensuring the general public are aware of the incredible impact we make on the lives of young people and their communities.

CampaignsThisyear,wecontinuedtogrowtheYMCA’sprofile,particularlyaroundthethemeofyouthjustice.ThroughYMCAEnglandandYCareInternational’sjointcampaign,YouthJusticeinAction,weaccompaniedDaniellaAbbate,a20-year-oldresidentfromKingston&WimbledonYMCA,toGeneva,fortwoweeksofintensivelobbyingattheUnitedNations.Theteamofrepresentatives,whichalsoincludedyoungpeoplefromHonduras,Ireland,SierraLeoneandSouthAfrica,receivedtraininginlobbyingtechniques,beforemeetingwiththeirindividualcountry’sdelegatestosharetheirpersonalexperiencesandtoadvocateforchangestojusticesystemsaroundtheworld.Andincredibly,withourhelp,thesefiveyoungpeoplefromtheYMCAwereabletosuccessfullychangeaUNresolutiononjuvenilejustice,whichincludedlanguageontheimportanceofrehabilitationandreintegrationforformerchildoffenders.

Media RelationsThisyear,over2,800articleswerepublishedinthemediaabouttheYMCA.YMCAEnglandcontinuedtosupportmemberYMCAswiththeirmediastrategiesandregionalcoverage.YMCAEnglandalsoprovidedmediatrainingtoanumberofYMCAsandYMCAstafftobetterequipthemwhenspeakingtothemediaabouttheworkoftheYMCA.AtaFundraisingandCommunicationsConferenceforYMCAstaff,YMCAEnglandalsoprovidedessentialmediatrainingtoYMCAcommunicationsspecialists.

Online CommunicationsWithanewCommunicationsTeaminplace,YMCAEnglandworkedhardtobuildourpublicprofile.Inparticular,wedevelopedastrongpresenceonvarioussocialnetworkingsites,includingFacebookandTwitter,inanefforttobuildmoretwo-way

dialoguearoundourworkandengagewithoursupportersinacreative,cost-effectiveway.YMCAEnglandalsomanages15additionalwebsitesforYMCAEnglanddepartmentsandmemberYMCAs.

FundraisingAlongwithmanyothercharities,weenteredachallengingeconomicperiodin2008,whichhasmadefundraisingparticularlydifficult.However,therapidlygrowingnumberofyoungpeopleNotinEmployment,EducationorTraining(NEET),whichcurrentlystandsataround1million,demonstratesthattheneedforourmembers’servicesisgreaterthanever.

OurFundraisingTeamworkedwith14YMCAsduringtheyear,providingguidanceandadviceonthedevelopmentoftheirfundraisingplans;assistingintherecruitmentoffundraisingstaffandcontinuingtoprovideongoingmentoringsupport.

Wealsoraisedmoneydirectlyforprojectsin15YMCAsacrossthecountry,includingdetachedyouthwork,capitalappeals,aprojectsupportingteenagemums,andaprojectworkingwithyoungpeopleatriskofoffending.

FollowingrequestsfromfundraisersatmemberYMCAs,YMCAEnglanddevelopedaFundraisers’Forum,enablinglikemindedcolleaguestoshareideasanddevelopnewinitiativestoraisemoneyforlocalprojectsandtoincreasetheprofileoftheYMCAasawhole.EightfundraisersmetforthefirsttimeinSeptember2008,andtheforumhassincegrownto18fundraisersrepresenting14YMCAs.

InApril2008,26runnerstooktothestreetsfortheFloraLondonMarathon,raisingover£33,000fortheYMCA’swork.Inaddition,nineadditionalrunnerscompletedtheGreatNorthRuninaidoftheYMCA,raisingalmost£2,000.

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Ouraimsfor2009/10:

Work with and for YMCAsWewillhelpYMCAsbecomemoresustainablebyencouragingwidercollaboration,exploringapproachestopeersupportanddevelopingorganisational‘healthmonitoring’tools.

WewilldevelopmoreopportunitiesfortrainingandnetworkingwithintheYMCAMovement.

WewillcoordinateandfacilitateanationalfundraisingeventonbehalfofparticipatingYMCAs.

WewilltransferthemanagementofYMCAEnglandprisonprojectstolocalYMCAswhoarebest-placedtomeettheneedsofyoungoffendersandex-offendersintheircommunities.

WewillcontinuetoseekfundingonbehalfofYMCAstoimprovetheservicestheyoffertoyoungpeopleandtheircommunities.

Housing and HomelessnessWewillhostaNationalResidents’Conferenceforyoungpeopledrawnfromourmanagedschemes,todeliverablendofconsultation,traininganddevelopmentopportunities.

WewilldevelopanationaltrainingprogrammetomeettheneedsofmemberYMCAswithaccommodation.

WewillcontinuetoseekfundingtosupportthedevelopmentofnewandremodelledYMCAservicesandaccommodation.

Work with and for Young PeopleWewillpromotethedevelopmentofprogrammesandservicesforyoungpeoplebysupportingmemberYMCAsandYMCAEnglandstaffworkingwithyoungpeoplelocally,regionallyandnationally.Inparticular,weaimtosuccessfullydeliverourannualtargetsfortheBEST,StillAimingHigh,ClaimYourVoiceandmyplaceprojects.

WewillcoordinateandtrainYMCAEngland’smyplaceYoungConsultantstosuccessfullysupportprojectsaroundthecountry.

WewilldevelopmeaningfulyouthparticipationwithinYMCAEnglandandtheMovement,through:

• ThecompletionofaYMCAEnglandYouthParticipationStrategy

• InvolvingyoungpeopleinhighprofileexternalandMovementmeetings,conferencesandtrainingsessionsanddevelopingtoolsandresourcestoenablemeaningfulparticipationinsuchevents

• Supportingandprovidingtrainingto200+youngpeople,enablingthemtoengageindecisionmakingintheirorganisations.

To help us achieve these aims:Wewillcontinuetoinvestinthedevelopmentofourstaff,strengtheningourabilitytoattractandretainacommitted,diverseandtalentedteam.

Wewilldevelopourinformationtechnologysystemstoencouragebetterdataexchange.

Wewillmanageourfinancesinordertomaximisetheeffectivenessofourexpenditure.

Wewillimproveinternalandexternalcommunicationstomaximizefundraisingopportunitiesandensureclarityaboutourwork.

LookingAhead

StrategicPlanning

WewillcompleteourconsultationwiththeYMCAMovementtoformulateanewstrategyforYMCAEnglandtobeimplementedfromApril2010.


Financial Review

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Financial Review


ConsolidationIntheseaccountswehavebroughttogethertheresultsofYMCAEnglandwithourfourconnectedsubsidiarycharities:

• DunfordHouseTrust,whichownsDunfordHouse;

• DouglasWoodCharity,whichprovidesfundingforagriculturaltrainingactivities;

• TheYMCATrustFund(knownasTheMovementTrustFund),whichprovidesgrantsandloanstoYMCAs;

• TheRochesterYMCATrustFund,themonies(capitalandrevenue)ofwhicharetobeusedforalteringorextendingYMCAfunctionalpropertyinKentandSussex.

Ourthreesubsidiarytradingcompaniesaredescribedinnote7totheaccounts.

Inordertopreventataxchargearisinginthecharity,subsidiarytradingcompanieswhichGiftAidtheirsurplusestoYMCAEnglandarerequired.Theirindividualperformancesareconsideredtobesatisfactory,giventheoperatingenvironment.OvertimeseveraltrustsandfundshavecomeunderthestewardshipofYMCAEngland.Usuallythesewereforbuildingsortrustswithparticularobjectives,andmostwerenotsignificantandhavesubsequentlyceasedtoexist.However,therearethreegroupsoftruststhatwecontinuetolookafter:

• Truststhatshareouraimsandobjectives,whichareaddedtotheYMCAEnglandfiguresonthefinancialstatementsandincludethesubsidiarycharitieslistedabove;

• WhereYMCAEnglandhasbeenappointedtoactassoleTrusteeofacharityandwelookafteritsassets.TheseareincludedinthefinancialstatementsaspartoftherestrictedTrustandAssociationfundsinnote14;

• WherewehavebeenappointedtoactasTrusteebutwehavenofinancialrelationship.ThisisusuallybecauseaYMCAcannotholdtitledeedsitselfandYMCAEnglandholdsthemastrustee.AsthesearenottheequitablepropertyofYMCAEngland,wedonotincludetheminthefinancialstatements.

Funds and ReservesWehavevariousfundsavailabletofinanceourwork:

Unrestricted FundsThesearefundsthattheBoardisfreetousetosupportourcharitablework.Someofthesefundsareheldintheformoffixedassets(land,buildingsandequipment)thatwedonotcurrentlyintendtosell.Themarketvalueofthesefixedassetsisnotreadilyavailable.

FormatofAccounts

AsaRegisteredSocialLandlord,YMCAEnglandisgovernedbytheregulationsoftheHousingSORP2008(StatementofRecommendedPractice)andtheAccountingRequirementsforRegisteredSocialLandlords(GeneralDetermination2006).

AsaleadingUKcharity,ourBoardofTrusteeshaschosentofollowtheCharitiesSORP2005(AccountingandReportingbyCharities),solongasitdoesnotconflictwiththeHousingSORP.

Asacompanylimitedbyguarantee,wemustfollowtheCompaniesAct1985andapplicableaccountingstandards.Tomeetthetermsofthisact,wehavepreparedaseparateIncomeandExpenditureaccount.TocomplywiththeHousingSORPandtheAccountingRequirementsofRegisteredSocialLandlords,thishasbeenconfiguredtoseparatetheperformanceofhousingandnon-housingactivities.

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Movement in Unrestricted Funds during the YearFollowingthereceiptofanexceptionallegacyof£870,000in2007/08,webudgetedforanoutflowofresourcesof£477,000for2008/9.Theactualperformancewasanoutflowof£1,439,000includinglossesoninvestmentsof£829,000.Theresultwasdisappointingbutreflectedaslightfallinindividualgivingasaresultoftheeconomicclimate.

Free ReservesHavingidentifiedkeyareasofrisk,YMCAEngland’sBoardofTrusteesholdssufficientfreereservesaccordingly,toprovidefinancialstabilityifourincomelevelsorfinancialperformancechanges.TheBoard’stargetforfreereservesisbetweenthreeandsixmonthsofourannualunrestrictedincomeasassessedforrisk(thelikelyvariationinthelevelofourfutureincome).Withourcurrentactivity,thisisequivalenttofreereservesofbetween£1.2millionand£2.5million.At31March2009freereserveswerejustunder£1.3million(2008:£2.1million).

Weexpectthisreservespositiontobebroadlystableinthecomingyearaswemeettheadditionalpaymentsonthepensionscheme,howeverinlightofthenationaleconomicuncertaintyandtheunpredictabilityofsomeofourincomestreams,expenditureisbeingtightlymanagedtominimisetheimpactofanysignificantincomefalls.

Restricted FundsWhilestillmeetingourwiderobjectives,wehavesomefundingthathasrestrictionsonhowitcanbespent.

Ourmainrestrictionsare:

• DunfordHouse,whichhasitsownTrust.AllsurplusesgeneratedbytheworkofDunfordHouseareaddedtotheTrust;

• MovementSupport,whicharemoniesgiventoustosupportspecificactivitieseitheratlocalYMCAsorwithinYMCAEngland,suchasourworkinprisons;

• Capitalprojects,whichismadeupofassetsboughtfromspecificfundraisingactivities.Themajorityofthesefundshavebeentransferredinprioryears;

• TheMovementTrustFund,theHartwoodsideAwardandtheDouglasWoodCharity,thesefundsprovidegrantsandloansforspecifiedpurposes;

• TheRochesterYMCATrustFund,whichmustbeusedtoalterorextendYMCApropertiesinKentandSussex;

• TrustandAssociationfunds–thesearefundsweholdonbehalfofYMCAsthathaveclosedorwhenweholdassetsonbehalfofaspecificTrust.

Movement in Restricted Funds During the YearRestrictedfundsdecreasedby£326,000duringtheyearofwhich£375,000wasduetoinvestmentlosses.ExpenditureonprojectscompletedbyourOffenderServicesUnitduringtheyearhasresultedinareductioninourrestrictedfundsforourprisonsworkleavingabalanceof£289,000tobecarriedforwardto2009/2010.

BirchwoodYMCAclosedduringtheyearand£135,000(net)wastransferredtoYMCAEnglandasarestrictedfundtomeetthepensionliabilitiesofpaststaffmembers.

TheMovementduringtheyearwithineachofourrestrictedfundsisdescribedinmoredetailinnote14oftheaccountsonpage53.

TheBoardconsidersthatwehaveenoughassetstomeetobligationsastheyarise,onboththerestrictedandunrestrictedfunds.

Financial ReviewIncome and Expenditure for the year are set out in detail in the Statement of Financial Activities (SoFA) on page 34.

IncomeOverrecentyears,YMCAEngland,inconsultationwiththeYMCAMovement,hastakenthedecisiontostreamlineitsoperationstoensureourprimaryfocusistosupport,representanddevelopourmemberYMCAsandnotengagedirectlyinservicedelivery.Forthisreason,thebuildingsandoperationsofournationalcentreatLakesideweresoldtoFyldeCoastYMCA,resultinginanexpecteddecreaseof£1.6millionintotalincomefrom2007/8to£19.5million.Thisfigurewasalsoimpactedbyafallinlegacyincomefollowingthereceiptofanexceptionallegacyintheprioryear.

Despitetheeconomicdownturn,ourcharityshops,manyofwhichareoperatedunderprofitsharearrangementswithmemberYMCAs,flourished,increasingtheirturnoverbynearly20%onthepreviousyear.Salesincharityshopsnowaccountforover41%oftotalincomeforYMCAEngland.

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ExpenditureExpenditureoncharitableactivitieshas,asexpected,fallenby£1.2millionfollowingthesaleoftheYMCAnationalcentreatLakeside,buthasrisenintermsofhousingmanagement,legalsupport,ourprisonsworkandgrantstomemberYMCAs.Inordertoscaleupouractivitiesinthefuture,weinvestedanadditional£561,000inrecruitingnewdonors.Inaddition,over£200,000hasbeeninvestedininformationtechnology,financedfromthesaleofinvestments.

Despiteanincreasinglychallengingeconomicenvironment,wedistributedover£500,000tomemberYMCAstosupporttheirworkwithandforyoungpeople.ThisfigurewassupplementedbythebroadrangeofadditionalservicesprovidedforthembyYMCAEnglanddepartments.

Grant Making PolicyTheMovementTrustFundadministersthreefundsfromwhichgrantsaremade:

• TheYMCATrustfundprovidesgrantstoYMCAsinEnglandorWalestostartnewprojects;

• TheHartwoodsideAwardgivesgrantstoYMCAstohelpdisabledstafforvolunteerstotakepartinactivitiessuchastrainingcoursesorconferences;

• TheDouglasWoodcharitygivesgrantstoyoungpeopletotraininagriculture,horticulture,farmingorothersimilaractivities;

Inaddition,theRochesterYMCATrustFundgivesgrantsforalteringorextendingYMCApropertyinKentandSussex.ThistrustfundismanagedbythetrusteesoftheSouthEastRegionalTrustFund.

Investment Policy and PerformanceUnderitsMemorandumandArticlesofAssociation,YMCAEnglandhasthepowertomakeanyinvestmentwhichtheBoardseesfit.However,theBoardofTrusteeshasstatedthatourfundsshouldnotknowinglybeinvestedincompaniesthat:

• Aremajorarmsproducers;or

• Derivesignificantincomefromtheproductionordistributionofpornography;or

• Derivemorethan10%oftheirturnoverfromtheproductionormarketingoftobaccoproducts;or

• Provideloanstothegeneralpublicathighratesofinterestandwhererepaymentsarecollectedweekly.

Theobjectiveofourinvestmentpolicyistoachieveabalancebetweencurrentincomeandlonger-termcapitalgrowth.Theoverallaimistoproduceareturnoverthelongtermof4%perannuminrealterms.Ourunrestrictedinvestmentsaremanagedonadiscretionarybasisbyexternalinvestmentadvisorsandperformanceismonitoredagainstabenchmarkofcharityportfolios.

Ourinvestmentmanagersmusttakesocial,environmentalandethicalconsiderationsintoaccountwhendecidingtoinvestourfundsandforexercisingtherightsattachedtoourinvestments.WehaveinstructedourinvestmentmanagerstovotethroughResearchRecommendationsElectronicVoting(RREV),onthebasisofthefundmanagers’corporategovernanceapproachandacceptingtherecommendationsofRREVwhereverpossible.

Ourunrestrictedfundsassetallocationisasfollows:

Type of asset Benchmark At 31 March 2009

Governmentstocks 30% 31%

Equities(UK) 35% 33.6%

Equities(nonUK) 15% 20.4%

Propertyandothers 15% 12.6%

Cash 5% 2.4%

Duetotheverypoorinvestmentclimate,theaveragetotalinvestmentreturn(capitalplusincome)was-20.7%.Thisperformancewasslightlybelowthebenchmarkhowevertheinvestmentmanagershaveperformedwellinprioryears.

Therestrictedinvestmentsareheldinaportfolioofcommoninvestmentfunds.Theaveragetotalinvestmentreturnwas-14.2%.

TheBoardconsidersthattheperformanceoftheinvestmentmanagerswassatisfactoryinthecircumstances.

Public Benefit Statement

TheBoardhasconsideredthegeneralguidanceonpublicbenefitissuedbytheCharityCommission,hastakendueregardofthatguidanceandissatisfiedthatthecharity’sactivitiesdoprovidewiderpublicbenefit.

Board of Trustees Report

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A Worldwide Movement of YMCAsEachYMCAisanindividual,self-governingcharitythataffiliatestoYMCAEngland.Throughthisaffiliation,memberYMCAsbecomepartoftheYMCAMovementinEngland,andpartoftheworldwideallianceofYMCAs.

Organisation Structure YMCAEnglandhastwoofficesinLondonwherethemajorityofourstaffarebased.ThereareadditionalofficesacrossEngland,andafurtherteamworkingatYMCADunfordHouseinWestSussex.AsmallgroupworkdirectlywithyoungpeopleandarebasedinHMPrisons.Over310staffplusapproximately800volunteersalsoworkfromournationwidenetworkof137charityshops.

Ouroperationsareorganisedintodepartments,ofwhichthemainonesinplaceduringtheyearunderreviewwere:

• ChiefExecutive’sOffice(includingtheCompanySecretaryandStandardsUnit)supportstheBoardandcoordinatestheactivitiesofYMCAEngland.TheStandardsUnitpromotesanddevelopsYMCAInsyncStandardsacrosstheMovementtoensurethattheservicesandsupportofferedbyYMCAsisofthehighestquality

• DevelopmentandHousing–supportsMemberYMCAsinthedevelopmentandmanagementofsocialhousingandhomelessnessprojects

• FinanceandCentralServices(includingLegalandConstitutionalAffairs)–providessupportforMemberYMCAsonallaspectsofcharitygovernanceaswellasprovidinginternalservicestoensurethatthecharityoperatesefficientlyandmeetsregulatoryrequirements

• Fundraising(includingShops)–raisesfundsforYMCAEnglandandtheYMCAMovementaswellasprovidingfundraisingadviceandsupporttoYMCAs

• MovementCommunications-ManagestheYMCAbrandanddevelopscommunicationschannelsincludingpublicationsandemailnewslettersforbothmemberYMCAsandYMCAEngland.TheunitmanagestheYMCAMovementwebsite,developswebsitesonbehalfofmemberYMCAsandmanagessocialmediachannelsforYMCAEngland

• NationalCentre–YMCADunfordHouseisaresidentialcentrethatoffers,training,conferenceandsupportfacilities,andotherprogrammes.TheoperationsofYMCALakeside,aformerNationalCentre,weresoldtoFyldeCoastYMCAwitheffectfrommidnighton31March2008

• OffenderServicesUnit–supportsYMCAsindeliveringtheirworkforyoungpeopleinvolvedinthecriminaljusticesystem

• Policy,MediaandResearch–raisesthepublicprofileoftheYMCA,influencesdecisionmakersandprovidesmediasupporttoMemberYMCAs

• Regions–providessupport,adviceandguidancetoYMCAsinareassuchasgovernance,strategicplanning,funding,networkingandleadershipdevelopment

• WorkingwithYoungPeopleUnit–buildscapacitywithinYMCAstodeliverservicestoyoungpeople,withparticularemphasisonraisingtheirprofile,sharingbestpractice,facilitatingnetworksandencouragingandpromotingyouthparticipationandleadership

Structure,StaffandGovernance

The Role of YMCA England

ThefirstYMCAwasfoundedbyGeorgeWilliamsin1844.YMCAEnglandwasestablishedin1882andregisteredasacharityon24September1962.YMCAEnglandisacompanylimitedbyguarantee,aregisteredsociallandlordandaregisteredcharitygovernedbyitsMemorandumandArticlesofAssociation.

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Staff and VolunteersYMCAEnglandreliesontheskillsanddedicationofourstaffinEngland.Wealsooweahugedebtofgratitudetotheeffortsofourvolunteers,whoseenergyandcommitmentisvitaltoourwork.

TheaveragenumberofstaffemployedbyYMCAEnglandduring2008-09was448.Thiswasexactlythesameasin2007/08(seenote3.5formoredetails).

Ourvolunteersmakeanenormouscontributiontoourwork.ThemajorityarebasedinYMCAshopsaroundthecountry,whileothersareinvolvedinfundraising,raisingawarenessofourworkatpubliceventsandcontributingtoourgovernanceonourBoardorcommittees.

InDecember2008welaunchedasurveytoallYMCAEnglandstaffmembers,givingthemtheopportunitytoprovideconstructivefeedbackontheirworkingenvironment.Theseniormanagementteamandothermanagershaveincorporatedactionsarisingfromtheresultsofthissurveyintothe2009/10businessplan.

Equality, Diversity and InclusionInclusivenessisfundamentaltotheethosoftheYMCAMovement.AspartofthatMovement,wehaveawholeheartedcommitmenttowelcomepeopleofotherfaithsandthoseofnone,linkedtoaconfidentidentityasaChristianfaith-basedorganisation.ThisincludesensuringthatdiversityisreflectedstronglywithinourstructuresandthattheservicesandactivitiesmanagedbyYMCAEnglandaredesignedtoprovideequalopportunities.

Anequality,diversityandinclusionstrategywasapprovedbytheBoardinSeptember2008forimplementationfrom1October2008.Thisinvolvestheequalityimpactassessmentofourpoliciesandprocesses,developingtrainingandlearningopportunitiesforourstaffandvolunteers,andconsultingmanyofourstakeholdersonhowweareperforming.TheTrusteesappointedaBoarddiversitychampioninApril2009.

Employment of Disabled PersonsWeoperateanequalopportunitiesemploymentpolicy.Inparticular,wegivefullandfairconsiderationtoapplicationsforemploymentmadebypeoplewhoaredisabledhavingregardtotheirparticularaptitudesandabilities.Wherepossible,wecontinuetheemploymentof,andarrangeappropriatetrainingfor,employeeswhohavebecomedisabledduringtheperiodtheywereemployed.Peoplewhoaredisabledaretreatedinthesamewayasotheremployeeswhentraining,careerdevelopmentandpromotionarebeingconsidered.

Fulldetailsoftheseandourotherpoliciesareavailableonrequestfrom:YMCAEngland640ForestRoadLondonE173DZ.

Risk Management and Internal ControlsYMCAEnglandoperatesariskmanagementprocessinordertoensuretheappropriatestepsaretakentomitigaterisk.

TheBoardofTrusteesisresponsibleforsafeguardingtheassetsofthecharityandtoprovidereasonableassurancethat:

• Thecharityisoperatingefficientlyandeffectively

• Itsassetsaresafeguardedagainstunauthoriseduseordisposition

• ProperrecordsaremaintainedandfinancialinformationusedwithinYMCAEnglandorforpublicationisreliable

• Thecharitycomplieswithrelevantlawsandregulations

Thesystemsofinternalcontrolaredesignedtoprovidereasonable,butnotabsolute,assuranceagainstmaterialmisstatementorloss.

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Theyinclude:

• AstrategicplanandbudgetapprovedbytheBoard

• RegularconsiderationbytheBoardoffinancialresults,variancesfrombudgetsandnonfinancialperformanceindicators

• Delegationofauthorityandsegregationofduties

• IdentificationandmanagementoffinancialrisksbytheBoardandseniormanagement

TheFinanceandAuditCommitteeisresponsibleformonitoringtheeffectivenessofanyinternalandexternalauditandforreviewingourriskmanagementprocesses.

TheBoardoperatesaformalriskmanagementprocesstoassessbusinessrisksandimplementriskmanagementstrategies.Thisinvolvesidentifyingthetypesofrisksweface,prioritisingthemintermsofpotentialimpactandlikelihoodofoccurrence,andidentifyingmeansofmanagingtherisks.AspartofthisprocesstheBoardreceivesregularreportsdetailingmajorrisks;approvesplansfortheimplementationorenhancementofproceduresandpolicieswherethesearerequired;andotherwiseensuresthatappropriatestepsarebeingtakentomanagethekeyrisks.ApprovedactionsareimplementedbyseniormanagerswhoareaccountabletotheBoard.

Thecurrentmostsignificantrisksare:

• Pensionschemeliabilities

• Theimpactoftheeconomicdownturnonfundraisingandgrantincome

• NotcompletingthechangeprocesstoalignourstrategicobjectiveswiththeneedsofmemberYMCAsforgreatereffectiveness.

GovernanceIn2008/09,YMCAEngland’sBoardof20TrusteesguidedYMCAEnglandinitsworkanddevelopment.Trusteesserveforafour-yeartermandmaybere-electedforanotherfouryears.OnceaTrusteehasservedhisorherterm,theymustwaitforayearbeforetheycanstandforre-election.Weholdelectionstofillvacanciesonceayear.

In2008/09,fiveTrusteeswereformallyappointedtotheBoard,twoofwhichwereappointedafterservingascooptees.Inaddition,twoTrusteesresignedandthreeretired.

TheBoardofTrusteeshad7committeesin2008/09:

1. TheArchives GroupmonitorsthemanagementanddevelopmentofthearchivesofYMCAEnglandandtheYMCAMovementinEngland,whicharehousedattheUniversityofBirmingham

2. TheConstitution CommitteeprovidesadviceonthegovernanceofYMCAEnglandandoftheMovement

3. TheDevelopment & Housing CommitteeoverseesthemanagementanddirectionofthedevelopmentworkandhousingofYMCAEngland.Followingasuccessfulrecruitmentprocessduring2008twoYMCAEnglandresidentsnowsitonthecommitteeandinputintoitsdecisions

4. TheDunford House Committeemonitorstheefficientuseoffinancialandhumanresources,andprovidesguidanceandsupporttotheseniormanagementoftheNationalCentre

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5. TheFinance and Audit CommitteeoverseesthemanagementanddirectionofthefinancesofYMCAEngland,monitorstheeffectivenessofinternalandexternalauditandreviewsthecharity’sriskmanagementprocesses.KeyfinancialdecisionsaresubmittedtotheFinanceandAuditCommitteeforconsideration

6. TheHuman Resources CommitteeexercisesthegovernanceresponsibilitiesoftheBoardinrespecttoitsroleasemployerofYMCAEnglandstaff

7. TheStandards Steering GroupdirectsandoverseestheongoingdevelopmentofYMCAInsyncStandards

TheLakeside CommitteeprovidesguidanceandsupporttotheseniormanagementoftheNationalCentreatLakeside.From1April2008thiscommitteereportedtoFyldeCoastYMCA.

Alltheabovecommitteeshavetermsofreferenceandmeetregularly.

InApril2008,DavidBedfordsteppeddownasChairandTimWaldronwaselectedbytheBoardtosucceedhim.AttheAnnualGeneralMeetingin2008,LindaSharpesteppeddownasVice-Chair,asdidourHonoraryTreasurer,ChrisPoulard.JunoHollyhockwaselectedasVice-Chairon26April2008.RogerMills-HickswasappointedHonoraryTreasureron28March2009.

Board members induction and developmentWeholdaninductionsessionforallnewmembersoftheBoardandarrangeforexistingtrusteestomentornewmembers,particularlyofferinghelptosupportthemwiththepapersandprocessoftheirfirstBoardmeeting.Duringthelastyeardevelopmentsessionswereheldforalltrusteesonissuessuchasgovernance,ourworkwithoffendersandtheimplementationofYMCAInsyncstandards.

AtitsBoardmeetingon4July2009,theBoardconsideredtheimpactoftheEconomicDownturnonYMCAEnglandwithreferencetoaCharityCommissionchecklistissuedinJune2009andidentifiedactionstobetakenforward.

TheBoardofTrusteesandtheConstitutionCommitteeiscurrentlycarryingoutacomprehensivegovernancereviewandwillusetheresultsofthatreviewtobecomemoreeffectiveandtoinformongoingtraininganddevelopmentprogrammesforTrustees.

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Statement of the Board of Trustees’ ResponsibilitiesTheBoardofTrusteesisresponsibleforpreparingthereportoftheBoardandthefinancialstatementsinaccordancewithapplicablelawandregulations.

TheBoardisalsoresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytimethefinancialpositionofthecharityandenableittoensurethatthefinancialstatementscomplywiththeCharitiesActs,theCompaniesAct1985andtheHousingAssociationsAct1996.

CompanylawrequirestheBoardtopreparefinancialstatementsforeachfinancialyear.UnderthatlawtheBoardisrequiredtopreparethefinancialstatementsinaccordancewithUKGAAP(UKaccountingstandardsandapplicablelaw).Thefinancialstatementsarerequiredtogiveatrueandfairviewofthestateofaffairsofthecompanyandthegroupandoftheincomingresourcesandapplicationofresourcesofthegroup,includingitsincomeandexpenditure,forthatperiod.Inpreparingthesefinancialstatements,thedirectorsarerequiredto:

• Selectsuitableaccountingpoliciesandthenapplythemconsistently;

• ObservethemethodsandprinciplesintheStatementofRecommendedPractice(SORP),AccountingbyRegisteredSocialLandlordsissuedbytheNationalHousingFederation;

• Makejudgmentsandestimatesthatarereasonableandprudent;

• Statewhetherapplicableaccountingstandardshavebeenfollowed,subjecttoanymaterialdeparturesdisclosedandexplainedinthefinancialstatements;and

• Preparethefinancialstatementsonthegoingconcernbasisunlessitisinappropriatetopresumethatthecompanywillcontinueinbusiness.

TheBoardisresponsibleforkeepingaccountingrecordsthatdisclosewithreasonableaccuracyatanytimethefinancialpositionofthecompanyandthegroupandenablethemtoensurethatthefinancialstatementscomplywiththeCompaniesAct1985.Theyarealsoresponsibleforsafeguardingtheassetsofthecompanyandthegroupandhencefortakingreasonablestepsforthepreventionanddetectionoffraudandotherirregularities.

TheBoardisresponsibleforthemaintenanceandintegrityofthecompanyandfinancialinformationincludedonthecompany’swebsite.LegislationintheUnitedKingdomgoverningthepreparationanddisseminationoffinancialstatementsmaydifferfromlegislationinotherjurisdictions.

ThemembersoftheBoardofTrusteeswhoservedduringtheyear,togetherwiththeChairman,ViceChairman,HonoraryTreasurerandSeniorManagementTeamarelistedonp26.

AuditorsAresolutionforthereappointmentofPKF(UK)LLPwillbeproposedattheforthcomingannualgeneralmeeting.

EachoftheBoardmembers(whoarealsotrusteesanddirectorsofYMCAEngland)hasconfirmedthatsofarastheyareaware,thereisnorelevantauditinformationofwhichtheauditorsareunaware,andthattheyhavetakenallthestepsthattheyoughttohavetakenasadirectorinordertomakethemselvesawareofanyrelevantauditinformationandtoestablishthattheauditorsareawareofthatinformation.

ApprovedbytheBoardofTrusteeson20September2009andsignedonitsbehalfby

Tim Waldron Chair


Trustees and Advisors

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President: Dr.JohnSentamu,ArchbishopofYork

Vice-presidents: ColinWilliamsProfessorClydeBinfieldOBE2

RichardPalmerOBE(diedAugust2008)ChrisPoulard(appointed21November2008)1

ValWallisMBE2

BoardMembers:

Chairman: TimWaldron(elected26April2008)1,3

DavidBedford(resigned8April2008)1

Vice-Chairs: JunoHollyhock(elected26April2008)LindaSharpe(retired21November2008)2

Honorary Treasurer: RogerMills-Hicks(appointed28March2009)1

ChrisPoulard(retired21November2008)1

Members: ArkleBell(appointed26April2008)DelroyBeverley4

MattBird(Co-opted–appointed21November2008)TracyBlandfordDianaBradley(appointed26April2008)2

CharlesChadwick(resigned5July2008)RobertCoxJennie-MarieGlover(co-opted-retired21November2008)MartynHaley4

AjithLekshmanan(retired21November2008)3

AnneLinsey(appointed21November2008)SimonMarcelli3

TrevorMorgan1

PaulPlumley(resigned21November2008)2

ChrisPoulard(co-opted21November2008andresigned24April2009)1

SteveClay(appointed14June2008)JohnRockliff1

TimSweeting4

MichaelTalbot2

HaroldWhite(retired21November2008)5

Membership of committees:1FinanceandAudit2HRCommittee3ConstitutionCommittee4HousingandDevelopmentCommittee5LakesideCommittee

AllmembersoftheBoardanditscommitteesgivetheirtimevoluntarilyandreceivenobenefitsfromthecharity.Anyexpensesreclaimedaresetoutinnote3.6totheaccounts.

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Advisors:

Auditors: PKF(UK)LLPFarringdonPlace20FarringdonRoadLondonEC1M3AP

Bankers: BarclaysBankplcCharitiesTeamLevel28,1ChurchillPlaceLondonE145HP

Solicitors: Bates,Wells&BraithwaiteLLP2-6CannonStreetLondonEC4M6YH

Investment Managers: InvestecInvestmentManagementLimited2GreshamStreetLondonEC2V7QP

RensburgSheppardsQuaysideHouseCanalWharfLondonLS115PU

SeniorStaff:

Chief Executive (formerly interim National Secretary): IanGreen(interimsecondmentfromKingston&WimbledonYMCAfrom15July2008andappointedasChiefExecutivefrom1August2009)AngelaSarkisCBE(resigned4April2008)

Company Secretary: JackieWalker

Senior Management Team: JaneBurns(DirectorofFundraising)LindsaySartori(DirectorofFinanceandCentralServices)BobHutchings(InterimDirectorofMovementSupport)to31July2008IanRichardson(Consultant–InterimDirectorofHousing)17December2007to30September2008JohnBrennan(DirectorofHousing-15September2008to20February2009)PaulSmillie(HeadofLegalandConstitutionalAffairs–joinedSMT1January2009)KenLivingstone(SeniorRegionalExecutiveOfficer–joinedSMT1January2009)

Registered Office: 640ForestRoadLondonE173DZ

Independent auditors’ report

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Independentauditors’report

TotheMembersofTheNationalCouncilofYoungMen’sChristianAssociations(Incorporated)

Wehaveauditedthegroupandparentcompanyfinancialstatements(“thefinancialstatements”)oftheNationalCouncilofYoungMen’sChristianAssociations(Incorporated)fortheyearended31March2009whichcomprisetheConsolidatedStatementofFinancialActivities,theStatutoryIncomeandExpenditureAccount,theStatementofTotalRecognisedGainsandLosses,theBalanceSheets,theConsolidatedCashflowStatementandtherelatednotes.Thefinancialstatementshavebeenpreparedundertheaccountingpoliciessetouttherein.

Thisreportismadesolelytothecompany’smembersasabody,inaccordancewithsection235oftheCompaniesAct1985andschedule1totheHousingAct1996.Ourauditworkhasbeenundertakensothatwemightstatetothecompany’smembersthosematterswearerequiredtostatetotheminanauditors’reportandfornootherpurpose.Tothefullestextentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecompanyandthecompany’smembersasabody,forourauditwork,forthisreport,orfortheopinionswehaveformed.

Respective Responsibilities of Board Members and AuditorsTheresponsibilitiesoftheMembersoftheBoard(whoarealsothedirectorsoftheNationalCouncilofYoungMen’sChristianAssociations(Incorporated))forpreparingtheReportoftheBoardandthefinancialstatementsinaccordancewithapplicablelawandUnitedKingdomaccountingstandards(‘UnitedKingdomGenerallyAcceptedAccountingPractice’)aresetoutinthestatementofdirectors’responsibilities.

OurresponsibilityistoauditthefinancialstatementsinaccordancewithrelevantlegalandregulatoryrequirementsandInternationalStandardsonAuditing(UKandIreland).

WereporttoyououropinionastowhetherthefinancialstatementsgiveatrueandfairviewandhavebeenproperlypreparedinaccordancewiththeCompaniesAct1985,schedule1totheHousingAct1996andtheAccountingRequirementsforRegisteredSocialLandlordsGeneralDetermination2006.Wealsoreporttoyouwhether,inouropinion,theinformationgivenintheBoardofTrustees’reportisconsistentwiththefinancialstatements.

Inaddition,wereporttoyouif,inouropinion,thecompanyhasnotkeptproperaccountingrecords,ifthecompany’sfinancialstatementsarenotinagreementwiththoseaccountingrecords,ifwehavenotreceivedalltheinformationandexplanationswerequireforouraudit,orifinformationspecifiedbylawregardingdirectors’remunerationandothertransactionsisnotdisclosed.

Wereadotherinformationcontainedintheannualreportandconsiderwhetheritisconsistentwiththeauditedfinancialstatements.Theotherinformationcomprisesonlythedirectors’reportandthechairman’sreport.Weconsidertheimplicationsforourreportifwebecomeawareofanyapparentmisstatementsormaterialinconsistencieswiththefinancialstatements.Ourresponsibilitiesdonotextendtoanyotherinformation.

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Basis of Audit OpinionWeconductedourauditinaccordancewithInternationalStandardsonAuditing(UKandIreland)issuedbytheAuditingPracticesBoard.Anauditincludesexamination,onatestbasis,ofevidencerelevanttotheamountsanddisclosuresinthefinancialstatements.Italsoincludesanassessmentofthesignificantestimatesandjudgmentsmadebythedirectorsinthepreparationofthefinancialstatements,andofwhethertheaccountingpoliciesareappropriatetothegroup’sandtheparentcompany’scircumstances,consistentlyappliedandadequatelydisclosed.

Weplannedandperformedourauditsoastoobtainalltheinformationandexplanationsweconsiderednecessaryinordertoprovideuswithsufficientevidencetogivereasonableassurancethatthefinancialstatementsarefreefrommaterialmisstatement,whethercausedbyfraudorotherirregularityorerror.Informingouropinionwealsoevaluatedtheoveralladequacyofthepresentationofinformationinthefinancialstatements.

OpinionInouropinion:

• thefinancialstatementsgiveatrueandfairview,inaccordancewithUnitedKingdomGenerallyAcceptedAccountingPractice,ofthestateofthecharitablecompany’sandthegroup’saffairsasat31March2009andofthegroup’sdeficit,incomingresourcesandapplicationofresourcesincludingitsincomeandexpenditure,fortheyearthenended;

• thefinancialstatementshavebeenproperlypreparedinaccordancewiththeCompaniesAct1985,schedule1totheHousingAct1996andtheAccountingRequirementsforRegisteredSocialLandlordsGeneralDetermination2006;and

• theinformationgivenintheBoardofTrustees’reportisconsistentwiththefinancialstatements.

PKF (UK) LLPRegisteredauditors

20September2009

Financial Statements


2009 2008

Note UNRESTRICTED

£’000 RESTRICTED

£’000 TOTAL £’000

TOTAL £’000

INCOMINGRESOURCES

Incomingresourcesfromgeneratedfunds:

Voluntaryincome 2.1 2,801 645 3,446 5,027

Affiliationfees 2.2 593 - 593 561

Activitiesforgeneratingfunds 2.3 8,375 434 8,809 7,798

Investments,interestandrentalincome 2.4 247 121 368 402

12,016 1,200 13,216 13,788

Incomingresourcesfromcharitableactivities: 2.5

Housingandhomelessness 4,663 - 4,663 4,467

Workwithandforyoungpeople 254 - 254 1,919

WorkwithandformemberYMCAs 1,239 94 1,333 949

6,156 94 6,250 7,335

TOTALINCOMINGRESOURCES 18,172 1,294 19,466 21,123

RESOURCESEXPENDED

Costsofgeneratingfunds: 3.1

Costsofgeneratingvoluntaryincome 1,411 - 1,411 1,330

Operatingcostsofactivitiesforgeneratingfunds 7,853 172 8,025 6,909

Investmentmanagementcosts 13 - 13 17

9,277 172 9,449 8,256

CharitableActivities: 3.2

WorkwithandformemberYMCAs 4,167 615 4,782 4,262

Housingandhomelessness 4,816 117 4,933 4,554

Workwithandforyoungpeople 351 341 692 699

YMCANationalCentre,Lakeside - - - 2,123

9,334 1,073 10,407 11,638

Governancecosts 3.3 171 - 171 140

TOTALRESOURCESEXPENDED 18,782 1,245 20,027 20,034

NET(EXPENDITURE)INCOMEFORTHEYEAR (610) 49 (561) 1,089

Netlossesoninvestmentassets 10.1 (829) (375) (1,204) (388)

NETMOVEMENTINFUNDS (1,439) (326) (1,765) 701

Transferofrestrictedfundassets - - - (1,397)

Fundbalancesat1April2008 6,850 3,238 10,088 10,784

FUNDBALANCESAT31MARCH2009 5,411 2,912 8,323 10,088

COMMENTARY:Voluntaryincomehasfallenintheyearevenafterallowingforanexceptionallegacyof£870kin2007/8.TherehasbeenasignificantexpansionoftheShopsoperationto137shopsattheyearend,whichhasresultedinanincreaseinthefiguresforgeneratedincomeandalsothecostsofgeneratingfunds.

ThereductionintheincomeandexpenditureonworkingwithyoungpeoplearisesfromthesaleofthebuildingsandtheoperationsatYMCALakesidetoFyldeCoastYMCA.

TheexpendituretotalforworkwithYMCAsincludesover£0.5mdistributedtolocalYMCAs,inadditiontotheservicesprovidedtolocalYMCAs.

NationalCouncilofYoungMen’sChristianAssociations(Incorporated)

CONSOLIDATEDSTATEMENTOFFINANCIALACTIVITIESYearended31March2009

Financial Statements

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of Financial Activities

Annual Report & Accounts 2008/09 YMCA EnglandFinancial Statements

31 March 2009 31 March 2008

Housing Non-housing Housing Non-housing

Operations operations TOTAL Operations operations Discontinued TOTAL

Note £’000 £’000 £’000 £’000 £’000 £’000 £’000

Income 4,690 14,408 19,098 4,379 14,092 2,250 20,721

OperatingCosts (4,373) (15,282) (19,655) (4,047) (13,143) (2,466) (19,656)

Operatingsurplus(deficit) 317 (874) (557) 332 949 (216) 1,065

Investmentincome 4. - 265 265 - 273 - 273

Interestandrentsreceivable 4. - 103 103 - 129 - 129

Interestpayable 4. (330) (42) (372) (354) (3) (21) (378)

(Loss)onsaleofinvestments - (176) (176) - (85) - (85)

(DEFICIT)SURPLUSFORTHEYEAR (13) (724) (737) (22) 1,263 (237) 1,004

STATEMENTOFTOTALRECOGNISED

GAINSANDLOSSES

Transferofrestrictedfundassets 14 - (1,397)

Unrealised(losses)onmarketvalueofinvestments (1,028) (303)

TOTALRECOGNISEDGAINSANDLOSSESSINCE

THELASTANNUALREPORT (1,765) (696)

HISTORICALCOST(DEFICIT)SURPLUS

(Deficit)surplusfortheyear (737) 1,004

Realisedgainonsaleofinvestments 22 238

HISTORICALCOST(DEFICIT)SURPLUSFORTHEYEAR (715) 1,242

TheseaccountswereapprovedandauthorisedforissuebytheBoardon20September2009.

Tim Waldron Roger Mills-Hicks Chairman Treasurer

COMMENTARY:ThispageshowstheresultsforYMCAEnglandintheformatrequiredbytheCompaniesAct1985.Italsoseparatestheresultofhousingactivitiesfromtheresultofnon-housingactivitiesasrequiredbytheAccountingRegulationsforRegisteredSocialLandlords.

ThediscontinuedactivitiesintheprioryeararethesaleofthebuildingsandtheoperationsatYMCANationalCentre,LakesidetoFyldeCoastYMCA


STATUTORYINCOMEANDEXPENDITUREACCOUNTANDSTATEMENTOFTOTALRECOGNISEDGAINSYearended31March2009

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YMCA England Annual Report & Accounts 2008/09Financial Statements

31 March 2009 31 March 2008

Note

Unrestricted Funds £’000

Restricted Funds £’000

GROUP TOTAL £’000

PARENT £’000

Unrestricted Funds £’000

Restricted Funds £’000

GROUP TOTAL £’000

PARENT £’000

FIXEDASSETS

TangibleAssets:

Housingassets 6.1 6,951 - 6,951 6,951 7,042 - 7,042 7,042

Othertangibleassets 6.2 868 199 1,067 1,067 766 204 970 970

Fixedassetinvestments 10. - 2,200 2,200 2,200 - 2,539 2,539 2,539

Investmentsinsubsidiaries 7. - - - 3 - - - 3

7,819 2,399 10,218 10,221 7,808 2,743 10,551 10,554

CURRENTASSETS

Stocks 8. 182 5 187 28 98 5 103 15

Debtors 9. 3,234 25 3,259 3,468 2,972 17 2,989 3,131

Investments 10.1 2,984 - 2,984 2,984 4,089 - 4,089 4,089

Shorttermdeposits 10.2 86 - 86 86 361 - 361 361

Cashatbankandinhand 118 - 118 118 78 585 663 480

6,604 30 6,634 6,684 7,598 607 8,205 8,076

CREDITORS:Amountsfalling

duewithinoneyear 11. (3,920) 483 (3,437) (3,490) (3,351) (112) (3,463) (3,337)

NETCURRENTASSETS 2,684 513 3,197 3,194 4,247 495 4,742 4,739

TOTALASSETSLESS

CURRENTLIABILITIES 10,503 2,912 13,415 13,415 12,055 3,238 15,293 15,293


dueafteroneyear 12. (5,092) - (5,092) (5,092) (5,205) - (5,205) (5,205)

5,411 2,912 8,323 8,323 6,850 3,238 10,088 10,088

Thefundsofthecharity:

RestrictedFunds(page36) 14. - 2,912 2,912 2,912 - 3,238 3,238 3,238

UnrestrictedFunds(page36) 15. 5,411 - 5,411 5,411 6,850 - 6,850 6,850

5,411 2,912 8,323 8,323 6,850 3,238 10,088 10,088

TheseaccountswereapprovedandauthorisedforissuebytheBoardon20September2009.

Tim Waldron Roger Mills-HicksChairman Treasurer

COMMENTARY:Thedecreaseininvestmentsarisespartlyfromtherealisationoffundsduringtheyearandpartlyduetofallsinthemarketvalueofinvestmentsheldattheyearend.

Aswereceiveaproportionofcapitaldevelopmentgrantsinadvanceofprojectscommencingandthefinalpercentageoncompletion,thiswouldnormallyenableourbankbalancestoremainincreditasnewprojectsstartbeforeearlieronesend.Howeverthedelaysinthereceiptofnewgrantsuntilearly2009/10andmanageddelaysincompletion,meantthatbankbalancesfellintooverdraft.


BALANCESHEETSYearended31March2009

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Balance S

heets


31 March 2009 31 March 2008

Note £’000 £’000 £’000 £’000

NETCASH(OUTFLOW)INFLOWFROMOPERATINGACTIVITIES 1. (411) 914

RETURNSONINVESTMENTSANDSERVICINGOFFINANCE

Investmentincome 265 273

Interestreceived 48 68

Interestpaid (372) (375)

Netcashoutflowfromreturnsoninvestmentsandservicingoffinance (59) (34)

CAPITALEXPENDITUREANDFINANCING

Onhousingassets:

Housingproperties (2,077) (749)

Capitalgrantsreceived 902 1,566

Repaymentofhousingloans (84) (80)

Netcash(outflow)inflowfromhousingassets (1,259) 737

Onotherassets:

Fixedassetspurchased (462) (342)

Bankloanrepaid - (285)

Netcash(outflow)inflowfromcapitalassets (1,721) 110

(2,191) 990MANAGEMENTOFLIQUIDRESOURCES

Trust&AssociationandMovementTrustFundinvestments:

Proceedsfromsaleofinvestments 100 -

Investmentspurchased - (7)

Decreaseinfundsonshorttermdeposit (136) (21)

YMCAEnglandinvestments:

Proceedsfromsaleofinvestments 1,611 1,574

Investmentspurchased (1,335) (1,365)

Fundsfrom(to)shorttermdeposits 275 (279)

Netcashinflow(outflow)frommanagementofliquidresources 515 (98)

(DECREASE) INCREASE IN CASH BALANCES (1,676) 892

RECONCILIATIONOFNETCASHFLOWTOMOVEMENTINNETFUNDS

(Decrease)increaseincashbalances (1,676) 892

Decreaseinloans 84 365

Decreaseincurrentassetinvestments (1,380) (131)

Changeinnetfunds (2,972) 1,126Netdebtat1April (165) (1,291)

Netdebtat31March 2. (3,137) (165)

COMMENTARY:YMCAEnglandhasinvestedover£2minitshousingpropertiesmainlyfinancedby£902kofnewhousinggrantsandafurther£564kfromgrantsreceivedinadvanceinprioryears.Inadditionalmost£0.5mhasbeeninvestedinotherfixedassets(includingover£200kinITequipment)financedfromthesaleofinvestments.

Thiscapitalexpendituretogetherwithanetoperatingoutflowoffundsof£411kandtheunrealisedreductionof£829kinmarketvalueoftheinvestmentshasresultedintheinceaseinnetdebt.


CONSOLIDATEDCASHFLOWSTATEMENTYearended31March2009

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1. RECONCILIATIONOFNET(EXPENDITURE)FORTHEYEARTONETCASH(OUTFLOW)INFLOWFROMOPERATINGACTIVITIES

31 March 2009 31 March 2008

£’000 £’000

Net(outflow)inflowofresourcesfortheyear(page34) (561) 1,089

Disposaloffixedassets 1 228

Depreciationcharge 488 540

Returnoninvestmentsandservicingoffinance 59 34

(Increase)instocks (84) (16)

Decrease(increase)indebtors 308 (1,536)

(Decrease)increaseincreditorsanddeferredcreditors (622) 575

NETCASH(OUTFLOW)INFLOWFROMOPERATINGACTIVITIES (411) 914

2. ANALYSISOFCHANGESINNETFUNDS

Non-cash

31 March 2009 Cashflow movement 31 March 2008

£’000 £’000 £’000 £’000

Cashatbankandinhand 118 (545) - 663

Bankoverdraft (1,131) (1,131) - -

MOVEMENTINCASHBALANCES (1,676) -

Loansduewithinoneyear (102) 84 (113) (73)

Loansdueafteroneyear (5,092) - 113 (5,205)

Currentassetinvestmentsandshorttermdeposits 3,070 (551) (829) 4,450

NETDEBT (3,137) (2,143) (829) (165)


NOTESTOTHECONSOLIDATEDCASHFLOWSTATEMENTYearended31March2009

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1. ACCOUNTINGPOLICIESThefinancialstatementshavebeenpreparedinaccordancewithapplicableaccountingstandards.Themostimportantaccountingpoliciesare:

1.1 BASISOFACCOUNTINGThesefinancialstatementsarepreparedunderthehistoricalcostconvention,exceptforthevaluationofinvestments,andcomplywiththeAccountingRequirementsforRegisteredSocialLandlordsGeneralDetermination2006,theStatementofRecommendedPracticeissuedbytheNationalFederationofHousingAssociations(theHousingSORP2008)and“AccountingandReportingbyCharities:StatementofRecommendedPractice(revised2005)”issuedbytheCharityCommission(CharitiesSORP2005),wherethisdoesnotconflictwiththeHousingSORP,theCharitiesAct1993andtheCompaniesAct1985.TheaccountshavebeenpreparedonaGoingConcernbasis.

1.2 BASISOFCONSOLIDATIONTheNationalCouncilofYMCAsisrequiredtoprepareconsolidatedfinancialstatementsonaline-by-linebasisincludingtheresultsofthecompany’stradingsubsidiaries-YTradeLimited,DunfordHouseLimitedandYMCALakeside(Trading)Limited,andtheoperationsofDunfordTrust,MacAndrewTrust,DouglasWoodCharityandtheYMCATrustFund.AspermittedbySection230oftheCompaniesAct1985,theincomeandexpenditureaccountoftheparentcompanyisnotpresentedaspartofthesefinancialstatements.Priortothegiftaidpaymentfromthesubsidiaries,thegrossincomeoftheparentcompanywas£18.7m(2008:£19.8m)andthenetmovementinfundsreportedfortheyearincludesadeficitof£2m(2008:surplusof£129k)whichisdealtwithinthefinancialstatementsoftheparentcompany.

1.3 GENERALTheStatementofFinancialActivitiesrecordstheactivitiesoftheNationalCouncilofYMCAsanditssubsidiaries,bothasanaffiliatingbodyandofoperatingprojectsonanationalbasisandthebalancesheetsetsoutitsassetsandliabilities.Inadditiontoitsownassets,propertiesandinvestmentsareregisteredinthenameofYMCAEnglandasformaltrusteeforAssociations.Theseassetsareexcludedfromthesefinancialstatements.Restrictedfundsareraisedforspecificpurposesandmayonlybeusedforthespecifiedpurpose.ThemovementonthesefundsareseparatedfrommovementsinunrestrictedfundsontheStatementofFinancialActivitiesandtheamountatthebalancesheetdateisshowninnote14.WherefundsareindeficittheyarechargedagainsttheGeneralFund.

1.4 DUNFORDHOUSEThispropertyisheldbyYMCAEnglandastrustee,andunderthetermsoftheTrustDeedthesurplusesfromoperationscanonlybeappliedforspecifiedpurposes.AsthepropertyisnotbeneficiallyownedbytheNationalCouncilitisnotvaluedforthepurposeofinclusioninfixedassetsandtheoperatingresultsareshownasarestrictedfund.

1.5 TURNOVERThetotalincomingresourcesrepresentstheamountsreceivableexclusiveofVATinrespectofoperationalactivities,grantsreceivableandfundraisingactivities.AllincomearoseintheUnitedKingdom.Allincomefromoperations,grantsandfundraisingisrecognisedintheStatementofFinancialActivitieswhenanyconditionsrelatingtotheincomehavebeensatisfied,andanyamountsinrespectoffutureperiodsarecarriedforwardasdeferredincome.GrantsreceivedforhousingpropertiesaredeductedfromthecostoftheassetinaccordancewiththeHousingSORPandarenotincludedintheStatementofFinancialActivities.Donatedassetsareincludedattheirmarketvalueatthedateofdonation.Goodsdonatedforsaleinthecharityshopsareonlyincludedwhensold.Giftsreceivedinkindareincludedinincomeattheirmarketvaluewithacorrespondingchargeincludedwithinexpenditure.

1.6 LEGACIESLegaciesarerecognisedwithinincomeanddebtorswhenprobateisgrantedunlesstherearespecificconditionspreventingreceipt,egalifetenant.Attheyearendtherewere7legaciessubjecttolifetenantswithanestimatedvalueof£160kwhichareheldinpropertyandinvestments.

1.7 CAPITALEXPENDITUREANDDEPRECIATIONFixedassetsareitemscostinginexcessof£5,000withausefullifeofmorethanoneyearandarestatedatcostlessdepreciation.Thedepreciationchargeiscalculatedtowriteoffthecostlessestimatedresidualvalueofeachassetoveritsexpectedusefullifeasfollows:Freeholdbuildings -50yearsOutdooractivityaccommodation -10yearsLeaseholdlandandbuildings -PeriodoftheleaseShopleasesandshopfittings -PeriodoftheleaseortenyearswhicheverislessComputers,equipmentandmotorvehicles -3yearsstraightline

1.8 HOUSINGPROPERTIESHousingassetsarestatedatcostlessSocialHousingGrants(SHG)receivedandmoniesraisedforthesecapitalprojects.FinancingcostsincurredduringconstructionhavenotbeencapitalisedbutarechargedtotheStatementofFinancialActiviteswhenincurred.InaccordancewiththeHousingSORPdepreciationischargedontheconstructioncostslessgrantsreceived.TheNationalCouncilsetsasidefundsforfuturemajorrepairexpenditureonhousingpropertiesasshowninnote15.AnySHGreceivableattheyearendisshownasadebtorandSHGreceivedinadvanceoftheexpenditureisshownasacreditorduewithinoneyear.

1.9 STOCKSANDWORKINPROGRESSStocksandworkinprogressarestatedatthelowerofcostandnetrealisablevalue.


ACCOUNTINGPOLICIESYearended31March2009

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1.10 RESOURCESEXPENDEDDirectexpensesareallocatedtothedepartmentincurringtheexpenditure.ExpenditureisstatedinclusiveofirrecoverableVAT.Duringtheyearended31March2009YMCAEnglandincuredVATof£330,758(2008:£195,818)whichitwasunabletorecoverCostsofgeneratingfundsincludesallfundraisingdepartments,operatingcostsforthetradingsubsidiariesandinvestmentmanagementcosts.Charitableactivitiescomprisesexpensesattributabletotheoperatingdepartmentsasdetailedinnote3.2.Centralservicesareallocatedtoactivitiesdepartmentsbasedontheestimatedusageoftheservicesonthefollowingbasis:Function AllocationbasisOfficeServices AveragenumberofemployeesCentraloverheads AveragenumberofemployeesPersonnelandpayroll AveragenumberofemployeesFinance Non-staffexpenditureIT NumberofPCsGovernancecostscomprisethecostsofgovernancearrangementsthatrelatetothegeneralrunningofthecorecharityandaredetailedinnote3.3.

1.11 INVESTMENTSTheCharitiesSORPprovidesthatinvestmentsshouldbeshownasfixedassetsattheirmarketvalue.YMCAEnglandhasalwaysregardeditsGeneralFundinvestmentsasasourceofworkingcapital,interchangeablewithcashasrequired,andthereforetreatedasacurrentasset.Assuchtheywould,undernormalaccountingtreatment,bestatedatthelowerofcostornetrealisablevalue.InthelightoftheCharitiesSORPandtheusetowhichtheinvestmentsareput,theBoardconsidersthattheirinclusionascurrentassetsatmarketvaluegivesatrueandfairviewofthefinancialpositionofthecharity.TocomplywiththeCharitiesSORPinvestmentgainsandlosseshavetobeshownonthefaceoftheStatementofFinancialActivities.Investmentsinsubsidiarycompaniesarestatedatcostplusaccumulatedsurpluses.Investmentincomeisaccountedforonareceivablebasis.

1.12 OPERATINGLEASESRentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightlinebasisoverthetermofthelease.

1.13 PENSIONSYMCAEnglandparticipatedinamulti-employerdefinedbenefitpensionplanforemployeesofYMCAsinEngland,ScotlandandWales,whichwasclosedtonewmembersandaccrualson30April2007.Theplan’sactuaryhasadvisedthatitisnotpossibletoseparatelyidentifytheassetsandliabilitiesrelatingtoYMCAEnglandforthepurposesofFRS17disclosure.TheemployercontributionsinrelationtothepensionplanaredeterminedbyaqualifiedactuaryandchargedtotheStatementofFinancialActivitiesasmade.Asdescribedinnote13adefinedcontributionschemehasbeensetupfrom1October2006whichallstaffareeligibletojoin.

1.14 LIABILITIESLiabilitiesarerecognisedwhenYMCAEnglandhasanabsoluteobligationtomakepaymenttoathirdparty.

1.15 CASHATBANKANDINHANDThisincludesamountsheldondepositaccountswithaccesswithintendays.

1.16 LIQUIDRESOURCESLiquidresourcesforthepurposesofthecashflowstatementcomprisecurrentassetinvestmentsthatarerealisablewithinthreemonths.Itthusincludeslistedinvestmentsandshorttermdepositsasshowninnote10.


ACCOUNTINGPOLICIESYearended31March2009


2 ANALYSISOFTOTALINCOMINGRESOURCES

Grants and

Contracts Other TOTAL TOTAL

for services Income 2009 2008

£’000 £’000 £’000 £’000

INCOMINGRESOURCESFROMGENERATEDFUNDS

2.1 VOLUNTARYINCOME

Individuals - 2,271 2,271 2,687

Legacies - 882 882 2,068

CorporateandTrusts - 293 293 272

- 3,446 3,446 5,027

2.2 AFFILIATIONFEES - 593 593 561

2.3 ACTIVITIESFORGENERATINGFUNDS

Incomegeneratedbycharityshops - 8,056 8,056 6,494

Tradingactivities(note7) - 753 753 1,304

- 8,809 8,809 7,798

2.4 INVESTMENTS,INTERESTANDRENTALINCOME

Investmentincome - 265 265 273

Interestreceivable - 48 48 68

RentalIncome - 55 55 61

- 368 368 402

2.5 INCOMINGRESOURCESFROMCHARITABLEACTIVITIES

Housingandhomelessness

HousingManagement - 4,247 4,247 3,704

HousingSchemes - 416 416 356

HomelessnessProject - - - 407

Workwithandforyoungpeople

Lakeside&Glenridding - - - 1,598

PrisonsWork 254 - 254 321

WorkwithandformemberYMCAs

RegionalExecutiveOfficers - 59 59 73

OrganisationalDevelopment - 4 4 -

Fundingsupport - 49 49 -

ProgrammeDevelopment 272 181 453 335

Communications 116 10 126 136

LegalSupportandTrust&AssociationFunds - 373 373 54

DunfordHouse - 94 94 98

CentralServices - 175 175 253

TOTAL 642 5,608 6,250 7,335

TOTALINCOMINGRESOURCES 642 18,824 19,466 21,123

Thefiguresshownaboveforgrantsincludeamountsraisedbyfundraisingstaffforspecificpurposes.


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3 ANALYSISOFTOTALRESOURCESEXPENDED

3.1 COSTSOFGENERATINGFUNDS

Staff Costs Other Grants Support TOTAL TOTAL

(Note 3.5) Costs payable Costs 2009 2008

£’000 £’000 £’000 £’000 £’000 £’000

Costsofgeneratingvoluntaryincome:

Individuals -existingdonors 372 223 - 142 737 1,036

-recruitnewdonors - 454 - 107 561 217

Legacies - 44 - 13 57 37

CorporateandTrusts 41 4 - 11 56 40

413 725 - 273 1,411 1,330

Activitiesforgeneratingfunds:

Operatingcostsofcharityshops 3,352 4,031 - 242 7,625 6,177

Tradingactivities(note7) 91 301 - 8 400 732

3,443 4,332 - 250 8,025 6,909

InvestmentManagementCosts - 13 - - 13 17

TOTAL 3,856 5,070 - 523 9,449 8,256

3.2 CHARITABLEACTIVITIES

Housingandhomelessness

HousingManagement 275 4,036 - 60 4,371 3,810

HousingSchemes 90 366 - 2 458 344

HomelessnessProject 73 31 - - 104 400

Workwithandforyoungpeople

Lakeside&Glenridding - (59) - - (59) 2,123

PrisonsWork 489 144 - 118 751 699

WorkwithandformemberYMCAs

RegionalandlocalYMCAsupport 356 198 - 90 644 620

OrganisationalDevelopment 138 95 - 61 294 259

Fundingsupport 144 23 - 41 208 200

ProgrammeDevelopment 173 378 - 204 755 509

Communications 248 196 - 118 562 719

LegalSupportandTrust&AssociationFunds 103 224 98 59 484 290

PaymentstoYMCAs - - 527 - 527 385

InternationalWork - 145 - 23 168 139

DunfordHouse 92 112 - 8 212 250

Definedbenefitpensionschemecontributions 718 - - - 718 638

CentralServices(note3.4) 597 953 - (1,340) 210 253

TOTAL 3,496 6,842 625 (556) 10,407 11,638

3.3 GOVERNANCECOSTS

Companysecretarial 41 15 - 29 85 93

Internalaudit - 23 - 4 27 4

Externalaudit - 30 - - 30 36

In-syncimplementationcosts - 11 - - 11 -

Boardmeetingexpenses - 18 - - 18 7

TOTAL 41 97 - 33 171 140

TOTALRESOURCESEXPENDED 7,393 12,009 625 - 20,027 20,034



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3.4 CentralServicesInaccordancewiththeCharitiesSORP,centralservicecostslesstheassociatedincome(asshowninnote2.5)areallocatedacrossactivitiesonthefollowingbasis:

Generating Housing Work with Work with TOTAL

Funds Services Young People YMCAs Governance 2009

Basis of allocation £’000 £’000 £’000 £’000 £’000 £’000

OfficeServices Averagenumberofemployees 110 - 22 228 11 371

CentralOverheads Averagenumberofemployees 55 7 26 91 13 192

Personnelandpayroll Averagenumberofemployees 95 5 6 18 - 124

Finance Non-staffexpenditure 222 28 18 162 7 437

IT NumberofPCs 41 22 46 105 2 216

TOTAL2009 523 62 118 604 33 1,340

TOTAL2008 506 62 167 542 41 1,318

3.5 EMPLOYEECOSTS(includingsubsidiaries) TOTAL TOTAL

2009 2008

£’000 £’000

Staffcostscomprise:

Wages&salaries 6,057 6,370

Socialsecuritycosts 508 546

Definedbenefitpensionschemecontributions 718 638

Otherpensioncosts 110 148

7,393 7,702

Theaveragenumberofemployeesduringtheyear,includingparttimeandseasonalstaff,analysedbyfunctionwas:

Average Full-time Average Full-time

Number Equivalent Number Equivalent

UK-charitableactivities 92 82 148 135

UK-tradingactivities 2 2 8 6

UK-fundraising 12 12 11 11

UK-charityshops 313 235 254 195

UK-otheractivities 29 25 27 25

TOTAL 448 356 448 372

Thenumberofemployeeswhoseemoluments(excludingemployerpensioncontributions)exceeded£60,000perannumduringtheyearwasasfollows:

Number Number

£60,001to£70,000 1 2

£70,001to£80,000 1 -

£80,001to£90,000 - 1

2 3

Allemployeesearningover£60,000areeligibletoparticipateinthedefinedcontributionpensionscheme.

Inadditiontotheabove,theinterimChiefExecutivewasonsecondmentfromKingston&WimbledonYMCAforfourdaysperweekatatotalcost(coveringsalary,nationalinsurance,pensioncontributionsandirrecoverableVAT)of£55,420,andtheinterimDirectorofHousingwasaconsultantatatotalcostof£79,313.

Thefollowinginformationisgiveninrespectofthoseemployeesdefinedas“directors”bytheAccountingRequirementsforregisteredsociallandlordsGeneralDetermination2006.

2009 2008

Number £’000 Number £’000

Aggregateremuneration(includingpensioncontributions) 8 441 6 359

Highestpaid(excludingpensioncontributions) 71 80

TherearenospecialpensiontermsapplyingtotheChiefExecutiveorinterimChiefExecutive.



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NOTESTOTHEFINANCIALSTATEMENTSYearended31March20093.6 EXPENSES

Duringtheyear24membersoftheBoardwerereimbursed£7,130(2008:20membersreimbursed£4,194)inrespectoftheirtravelexpensesinperformanceoftheirdutiesbutreceivednoremunerationfortheirservicesduringtheyear(2008:£nil).MembersoftheSeniorManagementTeam(includingtheInterimChiefExecutive)werereimbursedforthefollowingitemsofexpenditure:

£’000

Travelcosts 15

Subsistence 6

Others 4

25

4. NETEXPENDITUREFORTHEYEAR

Thereportednetexpenditurefortheyearisaftercharging: 2009 2008

£’000 £’000

Operatingleaserentalspayable:

Propertyrentals 912 884

Motorvehicles 136 102

Equipment 13 23

1,061 1,009

InterestPayable:

Bankoverdrafts 42 3

Bankloans 330 375

372 378

Auditorsremuneration:

YMCAEngland’sauditors

-audit(parentcompany£33,075(2008:£34,770)) 35 37

andaftercrediting:

IncomefromUKlistedinvestments 265 273

Rentalincome:

-External 38 43

-FromTradingcompanies 17 18

Bankinterestreceivable 48 68

103 129

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March20095. REGISTEREDSOCIALLANDLORDACTIVITIES

5.1 PARTICULARSOFTURNOVER,OPERATINGCOSTSANDOPERATINGSURPLUS

31 March 2009 31 March 2008

Operating Operating Operating Operating

Turnover costs surplus Turnover costs surplus

£’000 £’000 £’000 £’000 £’000 £’000

Generalneedshousing(note5.2) 128 (71) 57 124 (54) 70

Supportedhousing(note5.2) 4,167 (3,463) 704 4,070 (3,241) 829

Totalforsocialhousinglettings 4,295 (3,534) 761 4,194 (3,295) 899

Otheractivities:

SupportingPeople - - - 8 - 8

Admin 395 (839) (444) 177 (752) (575)

4,690 (4,373) 317 4,379 (4,047) 332

5.2 PARTICULARSOFINCOME&EXPENDITUREFROMSOCIALHOUSINGLETTINGSDuringtheyearYMCAEnglandoperated35units(2008:35units)ofhousingaccommodationand939units(2008:1045units)ofsupportedhousingaccommodationusingmanagementagents.

31 March 2009 31 March 2008

General

Needs Supported

Housing Housing Total Total

£’000 £’000 £’000 £’000

NETRENTALINCOME 128 4,167 4,295 4,194

Management 41 1,267 1,308 1,324

Services 7 1,220 1,227 1,033

Routinemaintenance 9 618 627 560

Majorrepairsexpenditure 3 142 145 78

Rentlossesfrombaddebts 4 99 103 194

Depreciationofhousingproperties 7 117 124 106

OPERATINGCOSTSONSOCIALHOUSINGLETTINGS 71 3,463 3,534 3,295

OPERATINGSURPLUSONSOCIALHOUSINGLETTINGS 57 704 761 899

Rentlossesfromvoidswere£150,041(2008:£243,535).Allrepairexpenditureischargedintheyear,therearenocapitalisedrepaircosts.

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March20095.3 HOUSINGBALANCESHEET

AsaRegisteredSocialLandlord,YMCAEnglandisrequiredtopresentabalancesheetseparatingtheassetsandliabilitiesofthehousingactivityfromtheotheractivities.Thesebalancesareincludedintheconsolidatedbalancesheet.

2009 2008

Note £’000 £’000

FIXEDASSETS

Housingproperties:

Atcost 6.1 50,854 48,789

LessSocialHousingGrants 6.1 (35,218) (33,186)

LessFundsraisedforcapitalprojects 6.1 (7,604) (7,604)

LessDepreciation 6.1 (1,081) (957)

6,951 7,042

CURRENTASSETS

Debtors 1,207 596

Cashatbankandinhand 275 1,778

1,482 2,374CREDITORS:Amountsfalling

duewithinoneyear (554) (1,432)

NETCURRENTASSETS 928 942

TOTALASSETSLESS

CURRENTLIABILITIES 7,879 7,984


dueafteroneyear (5,092) (5,205)

2,787 2,779

Representedby:

UnrestrictedFunds 2,787 2,779

5.4 WiththeexceptionofBasingtoke(whichisunderdirectmanagement),thehousingschemesareoperatedbyAssociationsasmanagementagentsforYMCAEngland.Thegrossincomeandexpenditureareincludedinnote5.1and5.2withamountsdue(to)/fromAssociationsattheyearenddateincludedwithincreditors/debtorsasappropriate.Attheyearendtherewererentarrearsof£251,041(2008:£360,862),astheseareunderthecontrolofthemanagementagentstheyarenotincludedintheabovefigures.Baddebtsarewrittenoffastheyoccur.

5.5 Othercreditorsinclude£406,616(2008:£970,952)SocialHousingGrantsreceivedinadvance,tobesetagainsthousingassetcostsinthenextfinancialyear.

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March20096 TANGIBLEFIXEDASSETS

6.1 HOUSINGFIXEDASSETS:Assetsforcharitableuse

Land & Buildings Under TOTAL

Freehold Leasehold Construction

£’000 £’000 £’000 £’000

Cost:

At1April2008 27,280 21,273 236 48,789

Reclassification 146 3 (149) -

Additions 682 1,395 - 2,077

Writtenoff - - (12) (12)

At31March2009 28,108 22,671 75 50,854

SocialHousingGrants:

At1April2008 21,694 11,283 209 33,186

Reclassification 143 - (143) -

Receivedintheyear 629 1,394 21 2,044

Writtenoff - - (12) (12)

At31March2009 22,466 12,677 75 35,218

OtherCapitalGrants:

At1April2008

and31March2009 2,732 4,872 - 7,604

Totalgrantsreceived 25,198 17,549 75 42,822

Depreciation:

At1April2008 208 749 - 957

Chargefortheyear 37 87 - 124

At31March2009 245 836 - 1,081

NETCOST:

31March2009 2,665 4,286 - 6,951

31March2008 2,646 4,369 27 7,042

Allleaseholdpropertiesareheldonlongleases.Thenetbookvalueoffreeholdlandandbuildingsincludeslandatcostof£2,968,400whichisnotdepreciated.

Intheeventofahousingpropertyceasingtobeusedforhousingpurposeswithin30yearsofreceiptofthegrant,theunexpiredproportionofthegrantwillbecomerepayableinalumpsum.

Attheyearendtherewereplannedcapitalcommitmentsauthorisedandcontractedforof£350,000inrespectofonehousingscheme(2008:£768,000inrespectoftwohousingschemes)andauthorisedbutnotyetcontractedforof£2.7minrespectofthreehousingschemes(2008:£nil).

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March20096.2 OTHERTANGIBLEFIXEDASSETS

Land & Buildings Equipment TOTAL

Short & Vehicles

Freehold Leasehold

£’000 £’000 £’000 £’000

Cost:

At1April2008 832 208 1,077 2,117

Additions - 22 440 462

Disposals - (19) (64) (83)

At31March2009 832 211 1,453 2,496

Depreciation:

At1April2008 297 122 728 1,147

Chargefortheyear 12 46 306 364

Disposals - (18) (64) (82)

At31March2009 309 150 970 1,429

NETBOOKVALUE:

31March2009 523 61 483 1,067

31March2008 535 86 349 970

Thenetbookvalueat31March2009representsfixedassetsusedfor:

CharitableActivities 381 - 23 404

Management&administration 141 14 151 306

TradingOperations 1 47 309 357

523 61 483 1,067

Thenetbookvalueoffreeholdlandandbuildingsincludeslandatcostof£187,154whichisnotdepreciated.

6.3 ThemajorityofpropertiesoperatedbytheYMCAMovementthroughoutthecountryareownedbyautonomousmemberYMCAs.WheretheYMCAisunabletoholdthetitledeedsitselftheseareheldbytheNationalCouncilastrusteefortheYMCA.AsthesearenottheequitablepropertyoftheNationalCounciltheyareomittedfromtheabovetotals.

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March20097. INVESTMENTINSUBSIDIARIES

Duringtheyear,thecompanyhadthreetradingsubsidiaries,allofwhichareregisteredinEngland&Wales: Type of

Name: Nature of business: Share: Holding:

YTradeLimited ShopsalesandDesign&Printservice Ordinary 100%

DunfordHouseLimited Conferenceservices Ordinary 100%

YMCALakeside(Trading)Limited Dormant Ordinary 100%

AllprofitsareGiftAidedtoYMCAEnglandandareincludedintheseaccounts.

Asummaryoftheirtradingresultsisshownbelow: YMCA

Dunford Lakeside

Y Trade House (Trading) 31 March 2009 31 March 2008

Limited Limited Limited TOTAL TOTAL

£000 £000 £000 £000 £000

Turnover 459 294 - 753 1,304

Costofsales (226) (36) - (262) (605)

GROSSPROFIT 233 258 - 491 699

Administrationcosts (2) (136) - (138) (127)

NETPROFIT 231 122 - 353 572

AmountGiftAided

toYMCAEngland (231) (122) - (353) (572)

Retainedinsubsidiary - - - - -

TotalShareholders’Funds 1 1 1 3 3

31 March 2009 31 March 2008

GROUP PARENT GROUP PARENT

£’000 £’000 £’000 £’000

8. STOCKS

Goodsforresale 162 3 87 3

Consumables 25 25 12 12

Workinprogress - - 4 -

187 28 103 15

Thereplacementcostofthestocksisnotmateriallydifferenttothehistoricalcost.

9. DEBTORS

Otherdebtors 2,952 2,908 2,642 2,445

Prepaymentsandaccruedincome 307 307 347 347

DuefromGroupUndertakings - 253 - 339

3,259 3,468 2,989 3,131

UnderthetermsofthesaleofYMCANationalCentre,Lakesideon31March2008considerationof£325,143forthefixedassets(excludingland)lesscapitalgrantsreceived,hasbeendeferredforaperiodofthreeyears.Thisisshownwithinthetotalforotherdebtorsshownabove.

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10. INVESTMENTS

FIXED ASSETS CURRENT ASSETS

10.1 UKListedInvestments: £’000 £’000

Marketvalueat1April2008 2,240 4,089

Additionsatcost - 1,335

Disposalproceeds (100) (1,611)

Realisedgains(losses)onsale(page34) 21 (197)

Unrealisedlossesduringtheyear(page34) (396) (632)

Marketvalueat31March2009 1,765 2,984

Costasat31March2009 1,987 3,253

Costasat31March2008 2,058 3,704

10.2 ShortTermDeposits:

Unrestrictedfunds - 86

Restrictedfunds 435 -

At31March2009 435 86

At31March2008 299 361

TOTALINVESTMENTS

At31March2009 2,200 3,070

At31March2008 2,539 4,450

Thefixedassetfundscomprise:-Trust&AssociationFundsrepresentedmainlybyfundsfromdefunctmemberYMCAs.Incomeiseitherremittedtoaspecificactivityoraccumulated;-TheMovementTrustFundisestablishedunderthetrusteeshipoftheNationalCouncilofYMCAs,withthepurposeofassistingmemberYMCAswithgrantsandloans.Itismanagedbyaseparatecommittee,responsibletotheNationalBoard.

Thecurrentassetinvestmentscompriseaportfolioofguiltsandequitiesnoneofwhichhaveamarketvalueover10%ofthetotalmarketvalue.

Thefixedassetinvestmentscompriseofinvestmentsinthefollowingunittrusts:

March 2009 March 2008

£’000 £’000

CharishareTobaccoRestricted 259 387

COIFCharityFunds-FixedInterest 863 859

COIFCharityFunds-Property 156 221

M&GCharifund 221 354

SchroderInstitutionalOverseasEquities 256 409

Cashfunds 10 10

1,765 2,240

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March200911. CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR

31 March 2009 31 March 2008


£’000 £’000 £’000 £’000

Bankoverdrafts(secured) 1,131 1,253 - -

Housingloansduewithinoneyear(note12) 102 102 73 73

Taxes&SocialSecurityCosts 151 143 171 143

OtherCreditors 1,881 1,823 2,511 2,460

DuetoGroupUndertakings - 15 - 22

Accrualsanddeferredincome 172 154 708 639

3,437 3,490 3,463 3,337

Othercreditorsinclude£406,616(2008:£970,952)SocialHousingGrantsreceivedinadvance,tobesetagainsthousingassetcostsinthenextfinancialyear.Deferredincomeconsistsofdepositsforfutureevents.

12. CREDITORS:AMOUNTSFALLINGDUEAFTERMORETHANONEYEAR


£’000 £’000 £’000 £’000

Housingloans 5,092 5,092 5,205 5,205

Bankloans(groupandparent):

Thebankloansarerepayableininstalmentsupto2035asfollows:

Repayable

AnnualInterestRate Within One to Two to After five TOTAL TOTAL

one year two years five years years 2009 2008

£’000 £’000 £’000 £’000 £’000 £’000

Housingloan-7.02%fixedrate 38 40 139 2,305 2,522 2,559

Housingloan-Variablerate 64 66 212 2,230 2,572 2,619

Housingloan-Interestfree - - - 100 100 100

Asat31March2009 102 106 351 4,635 5,194

Asat31March2008 73 80 273 4,852 5,278

Theamountsfallingduewithinoneyearareshowninnote11.TheHousingloansaresecuredoncertainofthehousingpropertiesshowninnote6.1withafloatingchargeovercurrentassets.

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March200913. PENSIONCOMMITMENT

13.1 YMCAEnglandparticipatesinacontributorypensionplanprovidingdefinedbenefitsbasedonfinalpensionablepayforemployeesofYMCAsinEngland,ScotlandandWales.TheassetsoftheYMCAPensionPlanareheldseparatelyfromthoseofYMCAEnglandandattheyearendthesewereinvestedinpooledfundsoperatedbyLegal&General(equitiesandbondsandpropertyunits)andSchroder(propertyunitsonly).

Themostrecentcompletedthreeyearvaluationwasasat1May2008.Theassumptionsusedwhichhavethemostsignificanteffectontheresultsofthevaluationarethoserelatingtotheinvestmentyieldof6.75%perannum,therateofearningsincreaseof5%perannumandtheaveragelifeexpectancyfromnormalretirementage(of65)foranEmployedDeferredMemberof24.5yearsandforaPensionerof22.5years.Theresultofthevaluationshowedthattheactuarialvalueoftheassetswas£49.4m.Thisrepre-sented62%ofthebenefitsthathadaccruedtomembers,afterallowingforexpectedfutureincreasesinearnings.

Theplan’sactuaryhasadvisedthatitisnotpossibletoseparatelyidentifytheassetsandliabilitiesrelatingtoYMCAEnglandforthepurposesofFRS17disclosureandaccordinglytheFRS17deficitisnotshownonthebalancesheet.

Aftertakingprofessionaladviceandhavingconsiderationtothevariousoptionsopentothem,YMCAEnglandinitscapacityasPrincipalEmployerintheYMCAPensionPlanandinconjunctionwiththeTrusteeoftheYMCAPensionPlan,madetherecommen-dationthattheYMCAPensionPlanshouldclosetonewmembersandfuturebenefitaccruals.AfterconsultationwithmembersandparticipatingYMCAemployers,theTrusteeoftheYMCAPensionPlaninformedparticipatingYMCAEmployerson8May2006thattheywouldadopttherecommendationandthattheYMCAPensionPlanwouldclosewitheffectfrom30April2007.

Thevaluationpreparedasat1May2008showedthattheYMCAPensionPlanhadadeficitof£29.7million.YMCAEnglandhasbeenadvisedthatitwillneedtomakemonthlycontributionsof£62,938increasingby5%perannumuntilthenextactuarialvalua-tion.Thisamountisbasedonthecurrentactuarialassumptions(asoutlinedabove)andmayvaryinthefutureasaresultofactualperformanceofthePensionPlan.Thecurrentrecoveryperiodis10years.

Inaddition,YMCAEnglandmayhaveovertimeliabilitiesintheeventofthenon-paymentbyotherparticipatingYMCAsoftheirshareoftheYMCAPensionPlan’sdeficit.ItisnotpossiblecurrentlytoquantifythepotentialamountthatYMCAEnglandmaybecalledupontopayinthefuture.

13.2 YMCAEnglandhasopenedanewdefinedcontributiongrouppersonalpensionplanforemployees.YMCAEnglandaremakingemployercontributionsof6%ofpensionableearningsprovidedthatemployeesmakeacontributionofatleast3%.

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March200914. RESTRICTEDFUNDS

TheincomeandexpenditureoftheNationalCouncilincludeitemsrelatingtorestrictedfundscomprisingthefollowingunexpendedbalancesofdonationsandtrustsheldwhichcanonlybeappliedforspecifiedpurposes.

Balance at Movement in funds: Balance at

1 April 2008 Incoming Investment Expenditure 31 March 2009

Resources gains (losses)

£’000 £’000 £’000 £’000 £’000

Restrictedincomefunds:

AmountsraisedforlocalYMCAs 69 281 - (260) 90

AmountsraisedforYMCAEnglandactivities:

-OffenderServicesUnit 420 209 - (340) 289

-HousingServices - 117 - (117) -

-RegionalSupport - 38 - (38) -

-ProgrammeDevelopment 39 - - (21) 18

CapitalProjectsFund:

LakesideDevelopment 23 - - (1) 22

MovementTrustFund 851 41 (146) (22) 724

HartwoodsideAward 24 1 (3) (1) 21

DouglasWoodCharity 767 36 (129) (47) 627

RochesterYMCATrust 129 6 (20) - 115

OtherTrust&AssociationFunds 655 30 (77) (26) 582

NWRegionTrustFund 68 7 - (2) 73

BirchwoodYMCA - 140 - (5) 135

DunfordHouse 193 388 - (365) 216

TotalRestrictedFunds 3,238 1,294 (375) (1,245) 2,912

YMCAEnglandraisesfundsonbehalfofmemberYMCAsandforYMCAEnglandactivitieswhichcanonlybeusedforthatspecificpurpose.

TheLakesideCapitalDevelopmentfundrepresentsamountsraisedtoimproveGlenridding.

TheMovementTrustFundisestablishedunderthetrusteeshipoftheNationalCouncilofYMCAs,withthepurposeofassistingmemberYMCAswithgrantsandloans.Itismanagedbyaseparatecommittee,responsibletotheNationalBoard.ThiscommitteealsoadministerstheHartwoodsideAward(whichmakesannualbursariestoyoungpeopleinneed,particularlydisabledpersons)andtheDouglasWoodcharity(whichmakesgrantsforthepromotionoftheeducationandtrainingofyoungmeninthescienceandpractiseonfarming,horticultureoranysimilarprofessionortrade).

TheRochesterYMCATrustFundisusedforalteringorextendingYMCAfunctionalpropertyinKentandSussexasrecommendedbythetrusteesoftheSouthEastRegionalTrustFund.TheNorthWestRegionTrustFundisadministeredonbehalfofthisregionaltrustfund.TheTrust&AssociationFundsrepresentmainlyfundsfromdefunctAssociations.Incomeiseitherremittedtoaspecificactivityoraccumulated.BirchwoodYMCAclosedduringtheyearanditsassetswerepassedtotheNationalCouncilofYMCAs.

TheamountforDunfordHouseistheaccumulatedresultforthisactivity.

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March200915. UNRESTRICTEDFUNDS

Balance at Balance at

31 March 2009 31 March 2008

£’000 £’000

Allocatedtothefollowingpurposes:

Netinvestmentinfixedassets 2,625 2,530

Housing-Majorrepairsreserve 1,250 1,250

Housing-Rentreviewfund 34 105

Budgetedoutflowoffunds(seenotebelow) 231 477

4,140 4,362

‘Freereserves’ 1,271 2,103

Unrealisedinvestmentgains - 385

TOTALUNRESTRICTEDFUNDS 5,411 6,850

Theallocatedbalancesareamounts:

-heldintheformoffixedassetsandthereforenotdirectlyavailabletosupportotheractivities

-foranticipatedfutureexpenditureonmajorrepairsasdeterminedbyastockconditionsurvey

-fortherentreviewprogramme

-setasideforthebudgetedoutflowoffundsinthefollowingfinancialyear.Theseamountsareaftertheadditionalpensioncontri-butions(£718kduring2008/9and£753kfor2009/10).

Theremainderofthereservesafterallowingforunrealisedinvestmentgains,isavailabletosupporttheactivitiesofYMCAEnglandandisdescribedas‘freereserves’.

16. ANALYSISOFGROUPNETASSETSBETWEENFUNDSFundBalancesat31March2009arerepresentedby:

TOTAL

UNRESTRICTED RESTRICTED FUNDS

£’000 £’000 £’000

TangibleFixedAssets:

Housingassets 6,951 - 6,951

Otherfixedassets 868 2,399 3,267

Totalfixedassets 10,218

NetCurrentAssets 2,684 513 3,197

LongTermLiabilities (5,092) - (5,092)

5,411 2,912 8,323

17. CHANGESINRESOURCESAVAILABLEFORCHARITYUSE

TOTAL

UNRESTRICTED RESTRICTED FUNDS

£’000 £’000 £’000

Netmovementinfundsfortheyear (1,439) (326) (1,765)

Netdecreaseinfixedassets (11) 344 333

Netmovementinfundsavailable

forfutureactivities (1,450) 18 (1,432)

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NOTESTOTHEFINANCIALSTATEMENTSYearended31March200918. LEASINGCOMMITMENTS

Atthebalancesheetdate,YMCAEnglandhadthefollowingcommitmentsunderoperatingleasespayableintheforthcomingyear:

31 March 2009 31 March 2008

Property Plant Property Plant

leases & machinery leases & machinery

Expiring: £’000 £’000 £’000 £’000

Within12months 455 37 137 18

1to2years 242 5 168 75

2to5years 177 65 483 21

After5years 33 - 71 -

907 107 859 114

19. GRANTSRECEIVEDGrantsreceivedfortheyearinclude£86,908fromtheDepartmentforChildren,SchoolsandFamilies(DCSF)towardsaprojectsupportingthedevelopmentofextendedservicesprogrammesand£109,968alsofromtheDCSFfortheYMCA’sAIMHIGHProject;£67,538fromtheElectoralCommissionforworksupportingyoungdemocracychampionstopromotetheelectoralprocesstotheirpeers;and£36,936fromSportEnglandtowardsthecostsoftheActivateEnglandprogramme.Inaddition£10kwasreceivedfromMercerstowardstheThroughcarepilotprojectatHMPDownviewand£10,000fromThe29thMay1961CharitableTrusttowardsthecostsofredevelopingHaltonYMCA.

20. CONTINGENTLIABILITIESYMCAEnglandhasfullrepairinginterestsinpropertiesoccupiedbymemberYMCAs.Therearepotentialcontingentliabilitiesarisingfromtheseinterests,buttheamountofanysuchliabilitiescannotcurrentlybequantified.

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National Council of Young Men’s Christian Associations (Incorporated).

Charityno:212810

HousingCorporationno:LH2204

Acompanylimitedbyguarantee,registeredinLondon.Companyno:73749RegisteredOffice:640ForestRoad,London,E173DZ.

ENGLAND

Documents

YMCA England Annual Report 2008/09