2021-03-31-accounts - YMCA Wolverhampton

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			Page
Reference and administrative		details ofthe Charity, its Trustees and advisers	1
Trustees' report			2-14
Independent auditors'	report	on the financial statements	15-18
Statement offinancial	activities
Balance sheet			20
Statement ofcash flows			21
Notes to the financial	statements		22-38

		YMCA WOLVER	YMCA WOLVER	HAMPTON
		(Acompany limited		by guarantee)
REFERENCE AND		ADNENISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS
		FORTHE YEAR ENDED 31 MARCH 2021
Trustees		JOakley, Chair (appointed as 0 Balogun, Trustee		chair 17November 2020)
		G England, Trustee
		R Hill, Trustee
		JRows, Trustee (resigned 17		November 2020)
		G Stonysr, Trustee
		P Tomlinson, Trustee (appointed 17November 2020)
		P Walker, Trustee (appointed		19May 2020)
		AWelsh, Trustee
		JWelsby, Trustee
Company	registered
number		03012233
Charity registered
number		1043739
Registered	office	YMCA, 1 Tramway Drive
		Wolverhampton
		West Midlands
		WV2 1BJ
Company	secretary	Stephen Clay
Chief executive officer		Stephen Clay
Independent auditors		WR Partners
		Chartered Accountants
		Statutory Auditors
		Belmont House
		Shrewsbury Business Park
		Shrewsbury
		Shropshire
		SY2SLG
Bankers		Unity Trust Bank Pic
		Birmingham
		B12JB
Internal auditor		TIAA Limited
		Artillery House
		Fort Fareham
		Newgate Lane
		Fareham
		PO14 1AH
Chief officer team		Stephen Clay- Chief Executive		ONcer
		Jill Law- Chief Corporate Offfcsr
		Sally Cowen - Chief Operations		Oflicer (Places)
		JoGoldis - Chief Operations	Officer (Progammes)

Wolverhampton Central	The vouth work programme, Head Start, a health and wellbeing programme for6 14year olds adapted its delivery to provide online sessions and
	activities. Activity packs and boxes were delivered tofamilies with all
	available materials provided for young people tocontinue engaging in
	activities such as cook and eat sessions, craft sessions, and physical activity,
	etc. Engagement with these activities increased during the period of
	lockdown, widening project reach beyond the initial areas ofSpringfield,
	Heath Town, park village, old Heath, Eastflaid, All saints, slakenhall,
	Parkgelds and Ettlngshall areas. On average 68sessions per quarter were
	delivered with an attendance of1176young people.
	The Adult Learning Contraa was extended in August 2020for an additional
	twelve months. YMCA have delivered English, Maths, and ICT classes online
	and with printed workbooks to support learners in continuing their learning
	throughout the periods of lockdown. Over the three courses, 60sessions
	group wide were delivered, supporting 27 individuals to access learning
	opportunities.
	In December 2020, we were selected to be a Kickstart Gateway»» for YMCA
	and two local voluntary organisatlons. This programme provides 6month
	employment contracts for young people aged 16-24who require experience
	ofthe jobmarket and who may need support In accessing employment
	opportunities. As at31Mamh 2021,we had one successful Klckstart
	Placement, increasing tofive by Septernbw 2021.

			Project /	Area ofWork
Accommodation		Rent	Including	Housing Benefit and		Self-Rent
City of Wolverhampton			Adult and	Community	Learning
Council
Donations			Including	the Moving Forward		Fund
Nursery fees			Including	Parents Fees	and Local Authority		Funding
Staffordshire	County Council		Supporting	People

Duriing audfis,	the 2020/21 conducted by	the 2020/21 conducted by	financial year, the Finance, Audit 8 Risk Committee commissioned TIAA Ltd. The 4 stage grading system used includes; No Assurance,	a series of internal Limited Assurance,
Reasonable		Assurance and	Substantial Assurance.
HR			Reported August 2020, Graded 'Reasonable Reassurance'. An in place to reach 'Substantial Assurance'.	action plan is
Payroll			Reported December 2020, Graded 'Substantial Assurance'.
Cyber	Security		Reported February 2021, Graded 'Limited Reassurance'. An action plan ls in place to teach 'Substantial Assurance'.
Performance		Management	Reported April 2021, Graded 'Reasonable Reassurance'. An action plan is in place to reach 'Substantial Assurance'.

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
	Note	8	8	8
Income from:
Donations and legacies		4,500	41,318	46,818	12,009
Charitable acfivifies			2,087,620	2,087,620	2655,001
Service charges for social welfare
Income			193,203	183,203	27,224
Total Income		4,500	2,372,041	2426,541	2,095,234
Expenditure on:
Charitable acfivities	75,5	4,600	2,180,288	2,184,788	2,519,285
Total expenditum		4,500	2,180,288	2,184,788	2,519,285
Net movement in funds			14'i,753	141,753	75,945
Reconcglatlon offunds:
Total funds brought forward			1,832,863	1,832,863	1,757,015
Nst movement In funds			141,763	141&763	75,945
Total funds carried forward			1,974,716	1,874,716	1,532,953

				BALANCE SHEET	BALANCE SHEET	BALANCE SHEET	BALANCE SHEET
				AS	AT $1 MARCH		2021
								2021		2020
					Note			6
Fixed assets
Tangible assets					12			157,690		173,457
								157,560		173,457
Current asseta
Stocks					13		238		235
Debtors					14	774,302			239,015
Cash at bank	and in hand					1,144,168			1,991,961
						1,918,708			2,231,214
Creditors: amounts		falling due within		one
year					15	(101,682)			(571,708)
Net current	assets							1,817,126		1,659,506
Total assets	less current		liabilities					1,974,716		1,532,963
Total net assets								1,974,718		1,832,963
Charity funds
Unrsstncted	funds							1,974,716		1,832,963
Totalfunds								1,974,716		1,832,963
The Trustees acknowledge			their responsibilities		for complying		with	the requirements	of the Act	with respect to
accounting records		and preparation		offinancial	statements.

					2021	2020
				Note	5
Cash flows from operating	activities
Net cash used in operating	activities			18	(f93,733)	525,180
Cash flows from Investing	activities
Purchase oftangible fixed assets					(64,060)	(84,520)
Net cash used In Investing	activities				(64,060)	(64,620)
Change In cash and cash	equivalents	in	the year		(84T,f93)	460,640
Cash and cash equivalents	at the beginning		ofthe year		1,691,961	1,531,421
Cash and cash equivalents	at the end	of	the year	19	1,144,168	1,99f,981
The noise on pages 22to 38fons part ofthese financial statements

4.	Income from donations	and legacies
			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021 8	2021 8	2021 E	2020 5
	Donations			500	500	3,094
	Grants		4,500	40,818	45,318	8,915
			4,500	41,318	45,818	12,009
	Total 2020			12009	12,009
5.	Income from charitable	actlvglee

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		8	8
CGL (formerly Early Years Other Grants	CRI)	287,493 1,110	287,493 1,110	89,327 685,198 14,582
HB - Badger HB - Pendeford		526,046	628,048	237,872 37,786
HB - Aelfgar Government Grants Wolverhampton City Council Stulfordshire Council		831,310 324,313	831,310 324,313	390,850 765,775 352,390 35,000
Inter-entity rent		115,248	115,248	47,221
Total 2021		2,087,520	2,087,520	2,656,001
Total 2020		2,658,001	2,656,001

		Unrestricted	Total	Total
		funds	funds	funds
		2021 8	2021	2020f
Service	charges for sodal welfare income	81,557	81,657	27,224
Furlough	income	111,648	111,64s
		193,203	19$,203	27,224
Total 2020		27,224	27,224

Direct Costs
			Social
		Supported	Welfare		Total	Total
		Housing E	Actlvlgee E	Other f	2021 8	2020 8
People Related		5,142	13,966	55	19,163	39,204
Other Direct	Expenses	89,433	60,365	2,675	132,473	169,809
Bad Debt		11,973	11,026		22,999	38,657
Depreciation		1,704	(3,385)	71,608	69,927	47,463
Travel Costs Premises Costs		575 199,587	135 130,029	456 52,269	1,185 381,885	7,645 407,539
Programme	Delivery	181,087	25,928	11,758	218,773	238,858
Wages and	Salaries	208,705	754,029	12,779	975,513	1,298,519
National Insurance		12,699	37,883	582	51,164	71,517
Pension Cost		5,353	16,884		22,236	25,355
		696,257	1,046,860	152,181	1,895,298	2,342,565
Total 2020		880,805	1,461,760	-	2,342,565

	This is s	tated	after char	ging:
						2021	2020
						6
	Depreciation oftangible -owned by the chsdity			fixed assets:		aa,a27	47,463
	Auditors	remuneration		-audit		6,300	5,700
	Auditors	remuneration		-accounts		1,260	700
	Operating lease rentals					173,500	190,158
						248,877	244,021
10.	Staffcosts
						2021	2020
						6
	Wages	and	salaries			976,613	1,296,519
	Social security costs					61,164	71,517
	Contribution		to defined	contribution	pension schemes	22,238	25,355
						1,048,91S	1,393,391

		Leasehold	Leasehold	Fixtures			Other
		imp	rovemen ts f	and fittings E	Office equipment E	Computer equipment E	fixed assets E	Total E
	Cost or valuation
	At 1 April 2020		630,742	397,207	2,8OO	62,272	S,OOO	992,O21
	Additions		10,665	2,541			40,964	54,05O
	At 31 March 2021		541,297	399,748	2,800	62,272	49,964	1,045,081
	Depreciation
	At 1 April 2020		437,754	327,216	1,885	51,728		818,564
	Charge for the year		63,241	16,524	834	128		69,927
	At 31 March 2021		490,995	342,840	2,800	61,8SS		888,491
	Net book value
	At 31 March 2021		50,302	56,908		416	49,964	167,590
	At 31March 2020		92,988	59,991	934	544	9,000	173,457
13.	Stocks
							2021 E	2020 f
	Raw materials and	ccnsumables					238	238

		2021	2020
		6
Due within one year
Trade debtors		67,536	148,001
Amounts owed by group underlakings		666,853
Other debtors			48,522
Prepaymenhr	and accrued income	39,814	42,392
		774302	239015

		2021	2020
		5
Trade creditors		28,682	47,942
Amounts owed to group under!akings			338,151
Other taxation snd social security		3,802	22,917
Other creditors		5,712	45,981
Accruals and deferred	income	62,378	115,717
		101582	571708

8tatement offunds	- current	year
							Balance at
		Balance at 1				Transfers	31March
		April 2020f	Income f	Expenditure	f	in/outf	2021f
Unrestricted funds
Designated funds
Designated Funds - Childcare Assets	all funds	6,000				(5,000) 904,$67	904,967
		6,000				sss,$67	a04,a67
Generalfunds
General Funds - sll	funds	1,827,$63	2,322,041	(2,180,288)		(8$$,$67)	1,069,749
Total Unrestricted	funds	1,832,$63	2,322,041	(2,180,288)			1,974,716
Restricted funds
SandweS Mentors			4,500	(4,500)
Total offunds		1,832,863	2,326,841	42,4842883			1,974,716
Designated Funds

Analysis ofn		t asse	ts betwee	n	funds -cunent year
						Unnmtrlcted		Total
							funds	funds
							2021	2021
							6	6
Tangible fixed		assets					157,590	157,690
Current assets							1,918,708	1,918,708
Creditors due	within one year						(101,582)	(101,682)
Total							1,974,715	1,974,716
AnalysLs ofnet assets behveen					funds -prior year
							Unrestricied	To/a/
							funds	funds
							2020f	2020 5
Tangible fixed		assets					173,457	173,457
Current assets							2,231,214	2231,214
Creditors due		within	one year				(571,708)	(571,708)
Total							1,832,963	1,832,963
Reconcigatlon		ofnst movement			in funds to net cash flow from	operating	activities
							2021	2020
							6	5
Net income for the year (ss per Statement ofFinancial Activities)							141,753	75,948
Adjustments		for:
Oepreciation	charges						69,927	47,463
Decrease/(increase)			in debtors				(636,287)	11,575
increase/(decrease)			in creditors				(470,126)	390,174
Net cash provided			by/(used	In)	operating activities		(79$,73$)	525,160

cancellable	operating leases as follows:
		2021 F	2020f
Not later than 1 year		192,400	173,500
Later than	1 year and not later than 5years	94,391	103,458
Later than	5years	148,500	13,000
		435,291	289,958