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|---|---|---|---|---|
|Report ofthc Trustees||I|to|9|
|Report ofthe Independent|Auditors|10|to|12|
|Statement ofFinancial Activities|||13||
|Balance Sheet|||14||
|Notes to the Financial Statements||15|to|23|
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||||f|or the Per|iod I Aug|ust 2021 to 31 M|arch 2022|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Period||
|||||||||1.8.21||
|||||||||to|Year Ended|
|||||||||31.3.22|31.7.21|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|flllliis|
||||||Notes|||||
|INCOME|AND LrNDOWMENTS|||FROM||||||
|Donations|and legacies||||||||12,906|
|Charitable|activities|||||||||
|Acadeniic|services|||||21,396||21,396|127,642|
|Investmcnt|income|||||408||408|612|
|Other income||||||5,125|5,085|10,210|107,536|
|Total||||||27,028|5,085|32,113|248,696|
|EXPENDITURE||ON||||||||
|Charitable|activities|||||||||
|Academic|departments|||||32,345|2,393|34,738|98,836|
|Support services||||||19,541||19,541|156,642|
|Premises||||||1,885||1,885|227,003|
|Governance||||||15,986||15,986|13,045|
|Total||||||69,757|2,393|72,150|495,526|
|NET INCOME/(EXPENDITURE)||||||(42,729)|2,692|(40,037)|(246,830)|
|Othn
recognised||gains/(losses)||||||||
|Actuarial|gains/(losses)||on defined|benefit||||||
|schemes||||||62,049||62,049|(164,168)|
|Net movenient
in||funds||||19,320|2,692|22,012|(410,998)|
|RECONCILIATION|||OF FUNDS|||||||
|Total funds brought|||fotnvard|||772,367||772,367|1,183,365|
|TOTAL FUNDS||CARRIED FORWARD||||791,687|2,692|794,379|772,367|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|CURRENT ASSETS|||||||
|Debtors||9|7,886||7,886|13,131|
|Cash at baal&|||1,245,683|2,692|1,248,375|1,362,914|
||||1,253,569|2,692|1,256,261|1,376,045|
|CREDI'fORS|||||||
|Amounts
falling due within|one year|10|(91,536)||(91,536)|(101,517)|
|NET CURRENT ASSETS|||1,162,033|2,692|1,164,725|1,274,528|
|TOTAL ASSETS LESSCURRENT|||||||
|LIABILITIES|||1,162,033|2,692|1,164,725|1,274,528|
|CREDITORS|||||||
|Amounts
falling due after more than one year||11|(370,346)||(370,346)|(502,161)|
|NET ASSETS|||791,687|2,692|794,379|772,367|
|FUNDS||12|||||
|Unrestricted
funds|||||791,687|772,367|
|Restricted
funds|||||2,692||
|TOTAL FUNDS|||||794,379|772,367|
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|INVKSTMKNT INCOME||||
|---|---|---|---|
|||Period||
|||1.8,21||
|||to|Year Ended|
|||31.3.22|31.7.21|
||||f.|
|Deposit account interest||408|612|
|CHARITABLE ACTIVITIKS COSTS||||
||Direct|Support||
||Costs|costs|Totals|
|Academic departments|34,738||34,738|
|Support services|19,541||19,541|
|Preniises|1,885||1,885|
|Governance||15,986|15,986i|
||56,164|15,986|72,150|
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|||Period||
|---|---|---|---|
|||1.8.21||
|||to|Year Ended|
|||31.3.22|31.7.21|
||||f,|
|Audit fees||4,800|2,560|
|Accountancy|fees|11,186|10,485|
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|STAF|F COSTS|||
|---|---|---|---|
|||Period||
|||1.8.2I||
|||to|Year Ended|
|||31.3.22|31.7.21|
|Wages|and salaries|59,263|192,402|
|Social|security costs|2,154|12,813|
|Other|pension costs|11,294|19,816|
|||72,711|225,031|
||Period||
|---|---|---|
||1.8.21||
||to|Year Ended|
||31.3.22|31.7.21|
|Academic||3|
|Administration||8|
|Supervisors||1|
|||12|
|The num|ber ofemployees
whose employee
benefits|(excluding
employer
pension costs) exceede|d f60,000wa|
|---|---|---|---|
|||Period||
|||l.8.21||
|||to|Year Ended|
|||31.3.22|31.7.21|
|860,001|—870,000||I|
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|Within the staff costs f18,665 (2021;fnil) is redundancy|Within the staff costs f18,665 (2021;fnil) is redundancy|costs.||||
|---|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES|||
||||Unrestricted|Restricted|Total|
||||funds|fuli its|funds|
|INCOME AND ENDOWMENTS FROM||||||
|Donations
and legacies|||12,906||12,906|
|Charitable
activities||||||
|Academic services|||127,642||127,642|
|Investment
income|||612||612|
|Other income|||107,536||107,536|
|Total|||248,696||248,696|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Academic departments|||98,836||98,836|
|Support services|||156,642||156,642|
|Premises|||227,003||227,003|
|Governance|||2,654|10,391|13,045|
|Total|||485,135|10,391|495,526|
|NET INCOME/(EXPENDITURE)|||(236,439)|(10,391)|(246,830)|
|Transfers
between
funds|||21,871|(21,871)||
|Other recognised
gains/(losses)||||||
|Actuarial
gains/(losses)|on defined benefit|||||
|schemes|||(164,168)||(164,168)|
|Net movement
in funds|||(378,736)|(32,262)|(410,998)|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|fomvard||1,158,900|24,465|1,183,365|
|TOTAL FUNDS CARRIED FORWARD|||780,164|(7,797)|772,367|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f|f|
||Trade debtors||||5,000||
||Other debtors||||548||
||VAT||||846||
||Prepayments
and accrued income||||1,492|13,131|
||||||7,886|13,131|
|10.|CREDITORS: AMOUNTS FALI ING|DUE WITHIN ONE|YEAR||||
||||||2022|2021|
||Trade creditors||||7,229|8,013|
||Other creditors||||6,074|2,845|
||Pension obligations||||59,639|68,245|
||Accruals
and deferred income||||18,594|22,414|
||||||91,536|101,517|
|11.|CREDITORS: AMOUNTS FALLING|DUK AFTER MORE|THAN ONE||YEAR||
||||||2022|2021|
||||||f.||
||Pensions obligations||||370,346|502,161|
|12.|MOVEMENT IN I UNDS||||||
|||||Net|Transfers||
||||movement||behvcen|At|
|||At 1.8.21|in|funds|funds|31.3.22|
|||||||f,|
||Unrestricted
funds||||||
||General
fund|1,342,773|(75,943)||(45,158)|1,221,672|
||Pension Reserve|(570,406)|95,263||45,158|(429,985)|
|||772,367|19,320|||791,687|
||Restricted
funds||||||
||Essex Boys and Girls Club/Erasmus|||2,692||2,692|
||TOTAI. FUNDS|772,367|22,012|||794,379|
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||||h)con)lng|Resources|Gains and|Movemcnt|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||||f.|8|
|Unrestricted||funds|||||
|General|fund||27,028|(102,971)||(75,943)|
|Pension|Reserve|||33,214|62,049|95,263|
||||27,028|(69,757)|62,049|19,320|
|Restricted||funds|||||
|Essex Boys||and Girls Club/Erasmus|5,085|(2,393)||2,692|
|TOTAL|FUNDS||32,113|(72,150)|62,049|22,012|
|Comparatives
fo|r movement
in funds|||||
|---|---|---|---|---|---|
||||Nel.|Transfers||
||||movement|bet)veen|At|
|||At 1.8.20|in funds|funds|31.7.21|
|||||f||
|Unrestricted
funds||||||
|General
fund||1,621,205|(269,529)|(8,903)|1,342,773|
|William Serendipity||23,331||(23,331)||
|Anita Yvonne Ames Legacy|||12,152|(12,152)||
|Pension Reserve||(485,636)|(151,027)|66,257|(570,406)|
|||1,158,900|(408,404)|21,871|772,367|
|Restricted
funds||||||
|John Lyons Charity||16,372|(15,090)|(1,282)||
|Joseph Rank Bursa)y Fund||1,000||(1,000)||
|Youth Volunteer|training (StJohns|||||
|Ambulance)||5,116|12,496|(17,612)||
|Essex Boys and Girls Club/Erasmus||62||(62)||
|Change Agents -|Global Leadership|||||
|evaluation
(World YMCA)||1,915||(1,915)||
|||24,465|(2,594)|(21,871)||
|TOTAL FUNDS||1,183,365|(410,998)||772,367|
##
|Comparative
net|movement|in funds, included|in the above are as follows:|in the above are as follows:|||
|---|---|---|---|---|---|---|
||||Inconllllg|Resources|Gains and|Movement|
||||resources
f|expended|losses|in funds|
|Unrestricted
fumls|||||||
|General
fund|||228,747|(498,276)||(269,529)|
|Anita Yvonne Ames Legacy|||12,152|||12,152|
|Pension Reserve||||13,141|(164,168)|(151,027)|
||||240,899|(485,135)|(164,168)|(408,404)|
|Restricted
funds|||||||
|John Lyons Charity|||(14,490)|(600)||(15,090)|
|Youth Volunteer|training (StJofms||||||
|Ambulance)|||14,744|(2,248)||12,496|
|HMRC Furlough|grant||7,543|(7,543)|||
||||7,797|(10,391)||(2,594)|
|TOTAL FUNDS|||248,696|(495,526)|(164,168)|(410,998)|
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|During the year the College had the following|During the year the College had the following|During the year the College had the following|transactions:|||
|---|---|---|---|---|---|
|||||2022|2021|
|With YMCA En land|and Wales|||||
|Affiliation
fee||||1,658|3,004|
|Payroll costs||||149|1,710|
|With the YMCA Grou|Life Assurance|Scheme||||
|Group Life Assurance|Scheme premiums/(credits)|||(465)|(1,407)|
|With the YMCA Pension and Assurance||Plan||||
|Pension scheme deficit|payments|||45,158|66,257|
|Pension scheme expenses||||10,687|14,773|