2021-07-31-accounts

Neil Sherringha	Neil Sherringha	m			HR, Risk and Compli	a	nce, Gover	nance
All governors		are	considered	to be independent	governors.
					Lindsay Sartori
Principal/Chief		Executive Officer
Director	-Academic Strategy			/ Planning	Simon Frost
Principal	Address				From 1 August 2021:
					10 — 11 Charterhouse		Square
					London EC1M 6EH
					Until 31July 2021:
					The Davenant Centre
					179-181Whitechapel		Road
					London E1 1DN (from		August
					2018)
Company	number				2978406
England	and Wales charity number				1044624
Scottish	charity		number		SC042186
Auditors					Myrus Smith,
					Norman House
					8 Burnell Road
					Sutton Surrey
					SM1 4BW
Bankers					NatWest Bank pic, PO		Box306,11The Parade,
					Canterbury, Kent CT1 2DT
Solicitors					Bates Wells London	LLP
					10Queen Street Place, London,			EC4R 1BE

(including summary in	come and expe	nditure account)
		Unrestricted	Restricted	2021	2020
	Note	funds	funds	Total	Total
Income and endowments
from:
Donation and legacies		12,906		12,906
Charitable activities
- Tuition fees receivables		127,642		127,642	341,129
Investment income		612		612	8,167
Other income		99,739	7,797	107,536	191,302
Total income and endowments		240,899	7,797	248,696	540,598
Expenditure on:
Charitable activities		485,135	10,391	495,526	1,242,013
Total expenditure		485,135	10,391	495,526	1,242,013
Net income /(expenditure)		(244,236)	(2,594)	(246,830)	(701,415)
Gross transfers between	funds	21,871	(21,871)
Other recognised gains/(losses):
Actuarial gains/(losses)	on
defined benefit pension		(164,168)		(164,168)
schemes
Net movement in funds		(386,533)	(24,465)	(410,998)	(701,415)
Total funds brought forward		1,158,900	24,465	1,183,365	1,884,780
Total funds carried forward	12	772,367		772,367	1,183,365

Balance Sheet as at	31 July 2021	31 July 2021
(Company number 02978406)
			Note	2021	2020
				E	E
Fixed assets
Tangible assets
Current Assets
Debtors				13,131	161,418
Cash at bank and in	hand			1,362,914	1,640,412
				1,376,045	1,801,830
Creditors
Creditors: Amounts falling due within one year				101,517	199,086
Net current assets				1,274,528	1,602,744
Total assets less current		liabilities		1,274,528	1,602,744
Creditors: Amounts	falling due after
more than one year
Pension scheme obligations				502,161	419,379
Total net assets				772,367	1,183,365
Represented by
Unrestricted funds			12	772,367	1,135,569
Designated funds			12		23,331
Restricted funds			12		24,465
Total funds				772,367	1,183,365

YMCA George Williams	YMCA George Williams	YMCA George Williams	YMCA George Williams	Company
(INCORPORATED)			Limited by	guarantee
Cash flows from operating activities				2021	2020
Net expenditure for the year				(246,830)	(701,415)
Adjustments for:
Depreciation and amortisation of fixed assets					6,991
Net interest (receivable/ payable)				(612)	(8,167)
Pension scheme - unwinding of discount				(13,141)	48,658
Increase in trade and other debtors				148,287	437,369
(Decrease)/increase in trade creditors				(99,557)	(266,242)
Net cash generated from operating	activities			(211,853)	(482,806)
Cash flows from investing activities
Sales of tangible fixed assets
Purchase of tangible fixed assets
Interest received				612	8,167
Net cash from investing activities				612	8, 167
Cash flows from financing activities
New bank loans (repayment)
Interest paid
Pension deficit payments				(66,257)	(64,327)
Net cash used in financing activities				(66,257)	(64,327)
Net increase/(decrease) in cash and	cash equivalents			(277,498)	(538,966)
Cash and cash equivalents at beginning		ofyear		1,640,412	2,179,378
Cash and cash equivalents at end ofyear				1,362,914	1,640,412
Cash and cash equivalents comprise:
Cash at bank and in hand				1,362,914	1,640,412
The annexed notes form part ofthese financial			statements.
There are no changes in net debt to	be	analysed.

3. Charitable	3. Charitable	activities
				Staff Cost	Depreciation	Other	2021
						Expenses
Academic	depts			86,200		12,636	98,836
Academic	services
Support services				111,781		44,861	156,642
Premises				27,049		199,954	227,003
Governance costs (Note			5)			13,045	13,045
				225,030		270,496	495,526
				Staff Cost	Depreciation	Other	2020
						Expenses
Academic	depts			334,219		84,341	418,560
Academic	services			23,479		140	23,619
Support services				359,824	6,991	123,274	490,089
Premises				44,576		239,592	284,168
Governance costs (Note			5)			25,577	25,577
				762,098	6,991	472,924	1,242,013
4. Governance		Costs
					2021		2020
Audit Fees					2,560		17,780
Accountancy					10,485		7,650
Board training,		insurance	and expenses				147
					13,045		25,577

5.Staff Costs
			2021	2020
Wages and Salaries			184,964	510,592
Social security	costs		12,813	37,295
Other pension	costs		19,816	23,870
Staff insurance,	recruitment	and development	589	5,483
Consultancy costs			6,848	184,858
			225,030	762,098

	2021	2020	2021	2020
	Number	Number	FTE	FTE
Academic			1.6	3.5
Administration			2.7	7.9
Freelance Lecturers			0.0	0.1
Supervisors			0.1	0.6
	12	15	4.4	12,1

6. Net exp	enditure
				2021		2020
Payments	under operating	leases - rental	building	134,302		134,302
Payments	under operating	leases - equipment		3,072		38,251
Depreciation						6,991
Audit fees				2,560		17,780
				139,934		197,324
7. Fixed Assets
				Education	Fittings	Total
				Equipment
				E
Cost
At I August	2020			40,118	80,732	120,850
Additions
Disposals				(40,118)	(80,732)	(120,850)
Revaluations
At 31 July	2021
Depreciation
At I August	2020			40,118	80,732	120,850
Charge for	the year
Released on disposal				(40,118)	(80,732)	(120,850)
At 31 July	2021
Net Book	Value
At 31 July	2021
At 31 July	2020

8. Debtors
								2021	2020
Fees due									40,326
Other debtors									6,734
Prepayments and accrued			income					13,131	114,358
								13,131	161,418
9.Creditors: amounts		falling due		within		one	year
								2021	2020
Trade creditors								8,013	47,064
Other creditors								2,845	7,929
Other taxes and social		security							12,651
Accruals								9,655	36,914
Deferred Income								12,759	28,271
Pension Obligations	(See		Note 12)					68,245	66,257
								101,517	199,086
10.Commitments	under		operating	leases
Minimum lease payments			under non-cancellable				operating	leases are as follows:
								2021	2020
Land and buildings
Due in 1 year									134,302
									134,302
Other
Due in 1 year									14,216
Due in two to five	years								37,333
									51,549
Amounts receivable		under operating			leases
Receivable within	one year								68,640
									68,640
									Page 26 of 31

12.Funds
		Balance b/f	Incoming	Resources	Transfers	Gains and	Balance c/f
		1 Aug 2020	resources	expended	between	losses	31 July
					funds		2021
Unrestricted			E	E	E	E	E
General Fund		1,621,205	228,747	498,276	(8,903)		1,342,773
Pension Reserve		(485,636)		(13,141)	66,257	164,168	(570,406)
		1,135,569	228,747	485,135	57,354	164,168	772,367
~Desi nated
William Serendipity		23,331			(23,331)
Anita Yvonne Ames Legacy			12,152		(12,152)
Total Unrestricted		1 158 900	240,899	485,135	21,871	164,168	772,367
Restricted
John Lyons Charity		16,372	(14,490)	600	(1,282)
Joseph Rank Bursary	Fund	1,000			(1,000)
Youth Volunteer training (StJohns Ambulance)		5,116	14,744	2,248	(17,612)
Bushcraft Training
(Essex Boys and Girls	Club	62			(62)
/ Erasmus)
Change Agents - Global
Leadership evaluation		1,915			(1,915)
(World YMCA)
HMRC Furlough grant			7,543	7,543
Total restricted		24,465	7,797	10,391	(21,871)
Total Funds		1,183,365	248,696	495,526		164,168	772,367

			Balance b/f	Incoming	Resources	Transfers	Balance c/f
			1 Aug 2019	resources	expended	between	31 July 2020
						funds
Unrestricted
General Fund			2,341,270	447,511	1,173,711	6,135	1,621,205
Pension Reserve			(501,305)		48,658	64,327	(485,636)
				447,511	1,222,369	70,462	1 135 569
~Desi nated
William Serendipity			23,331				23,331
Total Unrestricted			1,863,296	447,511	1,222 369	70,462	1,158,900
Restricted
John Lyons Charity			11,856	17,000	5,908	(6,576)	16,372
Mental Health - YMCA Federation			3,622		3,622
Joseph Rank Bursary	Fund		3,000			(2,000)	1,000
Youth Work and Learning Work (Malta)		for Life and	3,871	25,543		(29,414)
YMCA 175 Evaluation			(4,140)	5,000		(860)
Toolkit Pilot Commonwealth			3,275			(3,275)
Youth Volunteer training Ambulance)		(StJohns		14,744	4,074	(5,554)	5,116
YMCA 175 Fieldwork	Event				1,120	1,120
Bushcraf t Training (Essex Boys and Girls	Club	/ Erasmus)		6,781	706	(6,013)	62
Change Agents - Global Leadership evaluation (World YMCA)				18,210		(16,295)	1,915
Malta supervision				1,595		(1,595)
HMRC Furlough grant				4 214	4,214
Total restricted			21 484	93 087	19 644	70 462	24 465
Total Funds			1,884,780	540 598	1,242,013		1,183 365

During the year the College had the following transactions:
	2021	2020
	E	E
With YMCA En land and Wales:
Affiliation fee	3,004	3,041
Payroll costs	516	1,710
With the YMCAGrou Life AssuranceScheme:
Group Life Assurance Scheme premiums	(1,407)	3,700
With the YMCA Pension and Assurance Plan:
Pension scheme deficit payments	66,257	64,327
Pension scheme expenses	14,773	11,658