| Contents | Page No | |||
|---|---|---|---|---|
| Legal and Administrative Details |
||||
| Board Report | 2 —14 | |||
| Statement of | Corporate | Governance | and Internal Controls | 15 |
| Independent | Auditor's | Report | 16- 18 | |
| Statement of | Comprehensive Income |
and Retained Earnings | 19 | |
| Statement of | Financial | Position | 2II | |
| Statement of | Cash Flows | 21 | ||
| Notes to the Financial | Statements | 22-31 |
| In Communi | In Communi | Service | Service | Positive | Outcomes | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Inde | ndent | Livin | Service | |||||||
| Families and | Coinmunity | Work | Our Families and Communities | Work | has been facilitated | through | several | |||
| different | delivery services throughout | the pandemic | ||||||||
| ~ | 26 food parcels weekly for 6weeks | |||||||||
| ~ | 52 half tenn packages | |||||||||
| ~ | 100hot water bottles | |||||||||
| ~ | Christmas hampers |
|||||||||
| ~ | 52 food vouchers | |||||||||
| ~ | 52 toy deliveries | |||||||||
| ~ | 18nappies and baby milk | |||||||||
| ~ | 42 houses easter eggs |
| Housing and Support |
Housing and Support |
Housing and Support |
Housing and Support |
Number | of | Number of | Positive Outcomes | Positive Outcomes | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Scrvicc | Scrvicc | Users | Service Users | |||||||
| that moved in, | that moved out | |||||||||
| in the last | in the last | |||||||||
| annum | annum | |||||||||
| Gresty Road: Generic | 76 | 84 | 79%moved out in a positive and planned | way | ||||||
| and Foyer | Service | 37%moved into their own accoinmodation, | either into private or | |||||||
| social housing on a secure tenancy. |
||||||||||
| ~ | 7 residents | going into volunteering | ||||||||
| ~ | 2l residents | went into employment | ||||||||
| ~ | 9residents | went into formal education | ||||||||
| Emergency | 19 | 20 | 95%moved out in a | positive way | ||||||
| Acconimodation | for | |||||||||
| t6/t7-year-olds, | HRS | |||||||||
| 16+scrvice | ||||||||||
| commissioned | by | |||||||||
| Children's | Social | Care |
| YMCA Crewe | YMCA St Helens | ||||||
|---|---|---|---|---|---|---|---|
| 2019-20 | 2020-2021 | 2021-22 | 2020-2021 | ||||
| Actual | Tar et | Actual | Tsr et | ||||
| Re-!nvcstinent | 0,1% | 0,0% | I 2% | P.P% | 2.4% | ||
| Ncw Supply delivered | - social housing | P.P% | P.P% | 0.0% | 2.9% | 0.0% | |
| Nmv Supply delivered | -non-social | housing | 0.0% | 0,0% | P P% | P,P% | 0.0% |
| Gearing | -11.2% | -125% | -11.7% | -16.3% | 11.2% | ||
| EBITDA-MRI Interest | Cover | 3,105,3% | 276.0% | 2,030.2% | I 468.2% | 1866.7% | |
| Headline social housing |
cost per unit | $13,363 | 88,701 | 89,065 | 88,701 | 810,522 | |
| Operating margin (social housing |
units) | 15.5% | 8.3% | 14.7% | 146% | 12.9% | |
| Operating margin (overall) |
I I 6% | -2.8% | 6.9% | 4.5% | 9.2% | ||
| Rctum ofcapital employed (ROCE) | 4.3% | -0.6% | 1.9% | 1,2% | 2,0% |
| 0 ratin Su |
lus | f | 112 167 | |||||
|---|---|---|---|---|---|---|---|---|
| Share of0 cretin | Su | lus in Joint Ventures ofAssociates | ||||||
| Dlaided | by | |||||||
| Total Assets | Less | Current | Liabilities | J | 5,933,823 | |||
| RPCE % | 19% |
| Notes | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Turnover | 1,623,872 | 2,191,6&3 | ||||
| Operating | expenditure | ~I9 I |
||||
| Operating | surplus | 112,167 | 254,032 | |||
| Interest payable and financing |
costs | 8 35 |
~94 | |||
| Total surplus for | the year and total comprchcnsivc | 103,732 | 244,378 | |||
| income | ||||||
| Rctaincd earnings | at the start ofthe year | 869896 | 62255 8 | |||
| Rctaincd | earnings | at the end | ofthe year |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| g | ||||||
| Net cash generated from operating |
activities | (see | ||||
| note below) | 184&756 | 297,829 | ||||
| Cash flow I'rom investing | activities | |||||
| Purchase oftangible fixed |
assets | ~2 | ||||
| (141,798) | (37,242) | |||||
| Cash flow from flnancing | activities | |||||
| Interest paid Repayment ofborrowings |
(3,125) ~322 |
(3,882) ~5619 |
||||
| (9,447) | (9,501) | |||||
| Net change in cash and cash equivalents |
33)511 | 251,086 | ||||
| Cash and cash equivalents | at beginning | oftbe year | ~688798 | 4~37712 | ||
| Cash and cash equivalents | at end oftbe year | |||||
| Cash flow from operating | activities | 2021 | 2020 | |||
| 8 | 8 | |||||
| Surplus for the year Adjustments for non-cash |
items: | 103,732 | 244,378 | |||
| Depreciation ofhousing properties Depreciation ofother fixed assets Amortisation ofGovernment grants (Increase) in trade and other debtors Increase in trade and other creditors Adjustment for Investing or flnanclng |
activities: | 161,969 4530$ (139,664) 23,813 (18,787) |
155,620 34,983 (139,664) (12,231) 5,0&9 |
|||
| Interest payable | ~64 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover and |
Notes | Turnover | Operating Expenditure |
Surplus/ (Deficit)f |
Turnover | Operating Expenditure |
Surplus/ (Deficit) 8 |
|||
| expenditure from lettlngs |
||||||||||
| Special needs accommodation |
3 | 1,026,341 | (875,635) | 150,706 | 1,650,070 | (1,393,774) | 256,296 | |||
| Other turnover and |
||||||||||
| expenditure | ||||||||||
| CIRS Income Other incoine |
54,781 ~750 ~3872 |
(69,977) ~5660 ~05 |
(15,196) L22) )32J62 |
~53 ~2 |
543 87 ~ |
~254 | ||||
| 3. Turnover from |
Icttlngs | |||||||||
| 2021 | 2020 | |||||||||
| Rents receivable net ofvoids Amortisation ofgovernment grants Supporting People Contract Income |
1,026,341 139,664 |
1,154,622 139,664 ~355 78 |
||||||||
| ~165 | 7 | |||||||||
| Rent losses from | voids | 3 55 | 522 | |||||||
| 4. Interest payable |
and similar | charges | ||||||||
| 2021 | 2020 | |||||||||
| On bank loans payable ivholly |
or | |||||||||
| partly in morc than five years |
by | |||||||||
| instalments Umvinding ofYMCA pension |
3,125 | 3,882 | ||||||||
| liability discount |
5 310 | 5 772 |
| 5, | Stafl' | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| Number | Number | ||||||||
| The average number of | persons employed | during | the year | ||||||
| including the Chief |
Executive Officer expressed | in lbll time | |||||||
| equivalents was (based |
on a40 hour week): | ||||||||
| 2021 | 2020 | ||||||||
| Staff costs for thc above | |||||||||
| Wages and salaries | 697,802 | 1,046,991 | |||||||
| Social security costs | 54,900 | 84,497 | |||||||
| Other pension costs | 14537 | 21 083 | |||||||
| 67239 | |||||||||
| No full time equivalent | staff were | paid remuneration | ofover X60,000. | ||||||
| 6. | Directors' emoluments | and key management | personnel | ||||||
| 2021 | 2020 | ||||||||
| Total key management | personnel | remuneration | f. | ||||||
| Einoluments | 57,346 | 53,447 | |||||||
| Employer's pension |
contributions | 1,504 | 1,403 | ||||||
| Employers national |
insurance contributions |
~507 | 5 264 | ||||||
| 60 135 | |||||||||
| The emoluments paid to |
the highest | paid Director | (Chief | ||||||
| Ex«cutive) | |||||||||
| (excluding pension contributions) |
%336 | ~53 |
| No emoluments were p |
aid | during the year to any member ofthe B |
during the year to any member ofthe B |
oard ofTrus | tees (2020:XNi | l). |
|---|---|---|---|---|---|---|
| The Board ofTrustees | did | not receive any expenses to reimburse | for travelling | costs incurred | on behalf of | |
| thc Association (2020: | KNII). | |||||
| Surplus on ordinary activities |
||||||
| Surplus on ordinaty activities |
is | stated ager charging/(crediting): | ||||
| 2021 | 2020 | |||||
| g | ||||||
| Auditors remuneration |
(excluding VAT) | 8,600 | 6,200 | |||
| Operating lease charges |
14,475 | 52,824 | ||||
| Depreciation ofhousing |
properties | 161,969 | 155,620 | |||
| Depreciation ofother fixed | assets | 45,208 | 34,983 | |||
| Amortisation ofgovernment |
grants |
| Hostel | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Housing Properties |
Computer Equipment |
Fixtures and Fittings |
Motor Vehicles |
Gym Equipment |
Total fixed assets |
||||
| Cost | |||||||||
| At 1 April 2020 Additions |
7,077,942 65 916 |
212,506 35 973 |
439,725 28 865 |
27,388 11044 |
43,824 | 7,801,385 141 798 |
|||
| At 31March 2021 | |||||||||
| Depreciation | |||||||||
| At 1 April 2020 |
1,616,636 | 186,641 | 378,928 | 24,246 | 28,676 | 2,235,127 | |||
| Charge for year | 161969 | 15459 | 22416 | 3 546 | 3.787 | 207 177 | |||
| At 31 March 2021 | |||||||||
| Net book value | |||||||||
| At 31 March 2021 | |||||||||
| At 31 March 2020 | ~~30 | ~62 | |||||||
| Housing propeities | comprises: | ||||||||
| Freehold land and buildings |
|||||||||
| 10. | Debtors | ||||||||
| 2021 | 2020 | ||||||||
| Rent arrears | 97,482 | 107,763 | |||||||
| Provision for bad debts | ~37380 | ~49 197 | |||||||
| Net rent arrears | 60,102 | 58,566 | |||||||
| Prepayments and accrued income |
12388 | 37737 | |||||||
| 11. | Creditors: | ||||||||
| Amounts falling due within one year. |
|||||||||
| 2021 | 2020 | ||||||||
| Bank loan | 6,814 | 6,211 | |||||||
| Trade creditors Rents in advance Social security and |
other taxes | 9,056 1,746 18,553 |
9,662 1,547 25,574 |
||||||
| Accruals and deferred income |
157,270 | 194,156 | |||||||
| Pension agi'cement plan (note 13) Defeired capital grant (note 14) |
28,752 139664 |
27,581 139664 |
| Creditors: | ||||
|---|---|---|---|---|
| Amounts falling |
due aRer more than one year: | |||
| 2021 | 2020 | |||
| E | ||||
| Bank loan Pension agreement plan (note 13) Deferred capital grant (note 14) |
66.334 179,130 ~471 731 |
i | 73,259 149,414 ~854 9 |
| Notes | to thc Financial Statements | ||
|---|---|---|---|
| For the Year Ended 31 March 2021 | |||
| 14. | Dcfcrrcd capital grant | ||
| 2021 | 7020 | ||
| As at I April Released to income in the year |
4,994,059 | 5,133,723 9 |
|
| As at 31 March | 395 | ||
| 2021 | 2020f | ||
| Due within one year Due within two to five years Due in over live years |
139,664 558,656 4~65 |
139,664 558,656 ~4295739 |
|
| 15. | Reserves |
| The Association holds oNce equipment under non-cancellable operating Association had commitments oftotal future minimum lease payments as |
The Association holds oNce equipment under non-cancellable operating Association had commitments oftotal future minimum lease payments as |
The Association holds oNce equipment under non-cancellable operating Association had commitments oftotal future minimum lease payments as |
The Association holds oNce equipment under non-cancellable operating Association had commitments oftotal future minimum lease payments as |
The Association holds oNce equipment under non-cancellable operating Association had commitments oftotal future minimum lease payments as |
The Association holds oNce equipment under non-cancellable operating Association had commitments oftotal future minimum lease payments as |
The Association holds oNce equipment under non-cancellable operating Association had commitments oftotal future minimum lease payments as |
leases. At the end ol' the year the follows:- |
leases. At the end ol' the year the follows:- |
|
|---|---|---|---|---|---|---|---|---|---|
| 2021f | 2020 | ||||||||
| Expiring; | |||||||||
| Not later than one year | 5,955 | 52,824 | |||||||
| Later than one year and not later than | five years | ~1500 | |||||||
| 18, | Units/Bedspaces | ||||||||
| 2021 | 2020 | ||||||||
| Number | Number | ||||||||
| Under management | at cnd ofthc | year | |||||||
| Supported hostel accommodation |
|||||||||
| 19. | Grant and llnancial | assistance | |||||||
| Tho total accumulated | government | grant and financial | assistance received at 31 March: | ||||||
| 2021 | 2020 | ||||||||
| f, | f. | ||||||||
| Held as deferred grant Recognised as income Recognised as Income |
—housing in Statement in Statement |
ofComprehensive ofComprehensive |
income —housing Income —other |
4,854,395 1,240,164 ~25 5 |
4,994,059 1,100,500 ~561 |
||||
| ~6120 |
| Analysis ofchanges | ln net debt | |||||
|---|---|---|---|---|---|---|
| At I | Other | At 31 | ||||
| April | Cash | non-cash | March | |||
| 2020 | llows | changes | ', | 2021 | ||
| Cash at bank | 688,798 | 33,511 | 722,309 | |||
| Loans Due in One Year | (6,211) | (603) | (6,814) | |||
| LoansDueARerOne | Year | (73,259) | 6,814 | (66,334) | ||
| 609,328 | 256,705 | 609,328 |