## 



## 

## 

||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers|1|
|Trustees' report|||2-14|
|Independent<br>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<br>limited||by guarantee)|
|REFERENCE AND||ADNENISTRATIVE<br>DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|||
|||FORTHE YEAR ENDED 31 MARCH 2021|||
|Trustees||JOakley, Chair (appointed as <br>0 Balogun, Trustee||chair 17November 2020)|
|||G England, Trustee|||
|||R Hill, Trustee|||
|||JRows, Trustee (resigned 17||November 2020)|
|||G Stonysr, Trustee|||
|||P Tomlinson,<br>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,<br>1 Tramway<br>Drive|||
|||Wolverhampton|||
|||West Midlands|||
|||WV2 1BJ|||
|Company|secretary|Stephen Clay|||
|Chief executive officer||Stephen Clay|||
|Independent<br>auditors||WR Partners|||
|||Chartered Accountants|||
|||Statutory Auditors|||
|||Belmont House|||
|||Shrewsbury<br>Business Park|||
|||Shrewsbury|||
|||Shropshire|||
|||SY2SLG|||
|Bankers||Unity Trust Bank Pic|||
|||Birmingham|||
|||B12JB|||
|Internal auditor||TIAA Limited|||
|||Artillery House|||
|||Fort Fareham|||
|||Newgate<br>Lane|||
|||Fareham|||
|||PO14 1AH|||
|Chief officer team||Stephen Clay- Chief Executive||ONcer|
|||Jill Law- Chief Corporate<br>Offfcsr|||
|||Sally Cowen - Chief Operations||Oflicer (Places)|
|||JoGoldis - Chief Operations|Officer (Progammes)||





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

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



## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

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





## 

## 

## 



## 

## 

## 

## 

## 

## 

## 




## 

## 

## 

## 

## 



## 

## 




## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 



## 

## 

|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
||Note|8|8|8||
|Income from:||||||
|Donations<br>and legacies||4,500|41,318|46,818|12,009|
|Charitable<br>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<br>on:||||||
|Charitable<br>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<br>in funds|||14'i,753|141,753|75,945|
|Reconcglatlon<br>offunds:||||||
|Total funds brought forward|||1,832,863|1,832,863|1,757,015|
|Nst movement<br>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<br>acknowledge|||their responsibilities||for complying||with|the requirements|of the Act|with respect to|
|accounting<br>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<br>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<br>8|2021<br>8|2021<br>E|2020<br>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 <br>Early Years<br>Other Grants|CRI)||287,493<br>1,110|287,493<br>1,110|89,327<br>685,198<br>14,582|
|HB - Badger<br>HB - Pendeford|||526,046|628,048|237,872<br>37,786|
|HB - Aelfgar<br>Government<br>Grants<br>Wolverhampton<br>City Council<br>Stulfordshire<br>Council|||831,310<br>324,313|831,310<br>324,313|390,850<br>765,775<br>352,390<br>35,000|
|Inter-entity<br>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<br>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<br>E|Actlvlgee<br>E|Other<br>f|2021<br>8|2020<br>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<br>Premises Costs||575<br>199,587|135<br>130,029|456<br>52,269|1,185<br>381,885|7,645<br>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<br>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<br>oftangible <br>-owned<br>by the chsdity|||fixed assets:||aa,a27|47,463|
||Auditors|remuneration||-audit||6,300|5,700|
||Auditors|remuneration||-accounts||1,260|700|
||Operating<br>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<br>ts<br>f|and<br>fittings<br>E|Office<br>equipment<br>E|Computer<br>equipment<br>E|fixed<br>assets<br>E|Total<br>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<br>E|2020<br>f|
||Raw materials<br>and|ccnsumables|||||238|238|





## 

## 

## 

## 

|||2021|2020|
|---|---|---|---|
|||6||
|Due within one year||||
|Trade debtors||67,536|148,001|
|Amounts<br>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<br>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<br>f|Expenditure|f|in/outf|2021f|
|Unrestricted<br>funds||||||||
|Designated<br>funds||||||||
|Designated<br>Funds - <br>Childcare Assets|all funds|6,000||||(5,000)<br>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<br>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<br>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<br>activities||(79$,73$)|525,160|



## 



## 

## 

## 

## 

## 


## 


## 

## 

|cancellable|operating<br>leases as follows:|||
|---|---|---|---|
|||2021<br>F|2020f|
|Not later than<br>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|





## 

## 

##