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|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|
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|(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.||||
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|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|
##
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|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|
##
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|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||||||
##
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|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|
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|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|
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||||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|
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|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|