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WORCESTERSHIRE YMCA LIMITED

Registered charity 516872 · accounts filings on the Charity Commission register · also known as REDDITCH Y M C A, REDDITCH YOUNG MEN'S CHRISTIAN ASSOCIATION LIMITED

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Latest income
£4.6m
Latest spending
£4.9m
Registered
1985
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the group reported an operating deficit of £292,419 for the year ended 31 March 2025, resulting in a decrease in total reserves to £2,954,660. The trustees and auditors confirm that the group is a going concern with no material uncertainties, despite a pension scheme deficit of £93,194 and a breach of financial covenants on one bank loan.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“This adjusted figure means our free reserves do not meet our policy target of £808,865, resulting in a shortfall of £440,663.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Parent charity Worcester YMCA
“The balance owing to the Worcester YMCA at 31 March 2025 was £747,962 (2024: £163,796). Transactions between the entities during the year have not been disclosed in accordance with section 33 of FRS 102.” — page 47
“The balance owing to the First Class Nursery (Kidderminster) Limited at 31 March 2025 was £536,105 (2024: to the charity £57,306). Transactions between the entities during the year have not been disclosed in accordance with section 33 of FRS 102.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Subsidiary First Class Nursery (Kidderminster) Limited
“The balance owing to the Worcester YMCA at 31 March 2025 was £747,962 (2024: £163,796). Transactions between the entities during the year have not been disclosed in accordance with section 33 of FRS 102.” — page 47
“The balance owing to the First Class Nursery (Kidderminster) Limited at 31 March 2025 was £536,105 (2024: to the charity £57,306). Transactions between the entities during the year have not been disclosed in accordance with section 33 of FRS 102.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Subsidiary Little Treasures Limited
“The balance owing to the Worcester YMCA at 31 March 2025 was £747,962 (2024: £163,796). Transactions between the entities during the year have not been disclosed in accordance with section 33 of FRS 102.” — page 47
“The balance owing to the First Class Nursery (Kidderminster) Limited at 31 March 2025 was £536,105 (2024: to the charity £57,306). Transactions between the entities during the year have not been disclosed in accordance with section 33 of FRS 102.”
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £93k
“As of 31 March 2025, the pension deficit for the Association was £74,421 (2024: £109,499), and for the Group, it was £93,194 (2024: £137,121), as shown on the balance sheet.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: First Class Nursery (Kidderminster) Limited, Little Treasures Limited
“Worcester YMCA, which is not regulated by the Regulator of Social Housing (RSH), is the parent charity for two wholly-owned trading subsidiaries: First Class Nursery (Kidderminster) Limited and Little Treasures Limited.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Godfrey Wilson Limited. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£4.6m
Total spending
£4.9m
Cost of raising funds
£1.3m
Reserves (reported)
£368k
Employees
130

Reported reserves equal ~0.9 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Worcestershire

Income and spending

Financial year endIncomeSpending
31/03/2025£4.6m£4.9m
31/03/2024£3.9m£4.6m
31/03/2023£4.5m£4.5m
31/03/2022£4.2m£4.2m
31/03/2021£4.4m£4.3m

Common questions

Is WORCESTERSHIRE YMCA LIMITED financially healthy?

The accounts state that the group reported an operating deficit of £292,419 for the year ended 31 March 2025, resulting in a decrease in total reserves to £2,954,660. The trustees and auditors confirm that the group is a going concern with no material uncertainties, despite a pension scheme deficit of £93,194 and a breach of financial covenants on one bank loan. Its FY2025 accounts were audited by Godfrey Wilson Limited.