2020-07-31-accounts - YMCA Derbyshire

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CONTENTS
		Page
Reference and Administrative	details
Report ofthe Trustees		2-11
Independent Auditor Report		12-14
Income and Expenditure Account		15
Statement of Financial Activities		16
Ralance Sheet		17
Statement ofCash Flows		18
Notes to the Financial Statements		19-36


STATUS			A Company Limited by	Guarantee,	Registered	Provider ofSocial
			Housing and Registered	Charity.
DIRECTORS (who are also Trustees)			M A Gordon (Chair)
			H M Wigglesworth
			RI Swainson (resigned	—September	2019)
			DJ Ayling (resigned —March 2020)
			D Connor (resigned —September 2020)
			TJ Penter (Treasurer)
			N G White (resigned —September 2019)
			A JWalker
			J L Robinson
			E0 Mills
			SJ Bradley
			K M Brierley (appointed	—September 2019)
			J P Smith (appointed —March 2020)
			J L Davies (appointed —September		2020)
SECRETARY			E0 Mills
SENIOR MANAGEMENT	TEAM		G H Sewell (Chief Executive Officer)
			A M Armstrong (Director of Finance)
			J Lunn (Director of HR)
			C A Gillespie (Head of Housing)
			J Hodder (Head ofTraining and Education)
			G Harrison (Head ofIncome Generation)
REGISTERED OFFICE			770 London Road
			Wilmorton, Derby, DE24 BUT
COMPANY REGISTRATION NUMBER			3061837(England and	Wales)
REGISTERED CHARITY NUMBER			1049904
REGULATOR OF SOCIAL	HOUSING	REFERENCE	H4085
AUDITOR			Mazars LLP
			Park View House
			58The Ropewalk
			Nottingham, NG1SDW
BANKERS			National Westminster	Bank pic
			7Market Place, Derby,	DE13ZF
SOLICITORS			Anthony Collins LLP
			134Edmund Street, Birmingham, 832ES

						Year to July	Yearto July
						2020	2019
						Total	Total
					Notes	f
Income					3	3,583,397	3,251,905
Operating	Costs					(3,386,086)	(3,056,534)
Operating	surplus/(deficit)				5	197,311	195,371
Interest receivable						849	436
Interest payable					7	(16,518)	(16,979)
Surplus/(deficit)		on	ordinary	activities for the
year						181,642	178,828
Other comprehensive			income
						181,642	178,828

						2020	2019
				Unrestricted	Restricted	Total	Total
			Notes	funds	funds	funds	funds
				E	E	f	E
INCOME
Donations and legacies				70,233		70,233	92,204
Income from charitable	activities
Housing &Support				2,370,339	357,918	2,728,257	2,288,926
Training and Education				521,790	23,808	545,598	629,803
Children's Services				131,790		131,790	141,615
Other				42,088		42,088	20,505
Income from other trading		activities
Commercial trading activities				64,582		64,582	78,852
Investment income				849		849	436
Total incoming resources			3	3,201,671	381,726	3,583,397	3,252,341
Expenditure
Costs ofraising funds
Fundraising costs				45,178		45,178	68,915
Costs ofother trading activities				74,225		74,225	79,274
Charitable activities
Housing &Support				2,313,720	290,510	2,604,230	2,163,496
Training and Education				551,857	10,422	562,279	622,837
Children's Services				115,843		115,843	138,991
Total resources expended			4	3,100,823	300,932	3,401,755	3,073,513
Net income/(expenditure)		before
transfers				100,848	80,794	181,642	178,828
Gross transfers between	funds			6,722	(6,722)
Net income/(expenditure)		before other
recognised gains and losses				107,570	74,072	181,642	178,828
Other recognised gains and		losses
Net movement in funds				107,570	74,072	181,642	178,828
RECONCILIATION OF FUNDS
Total funds brought forward				2,818,427	26,863	2,845,290	2,666,462
TOTAL FUNDS CARRIED FORWARD				2,925,997	100,935	3,026,932	2,845,290

			At 31stJuly	2020
						2020	2019
			Unrestricted	Restricted		Total	Total
		Notes	funds	funds		funds	funds
				f		f	f
FIXEDASSETS
Tangible assets		8	3,102,668		450	3,103,118	3,110,858
CURRENT ASSETS
Stocks			3,698			3,698	2,015
Debtors		9	379,483			379,483	413,156
Cash at bank and	in hand		545,752	124	700	670452	456886
			928,933	124,700		1,053,633	872,057
CREDITORS
Amounts falling due within one year		10	(449,254)	(24,215)		(473,469)	(446,123)
NET CURRENT ASSETS			479,679	100,485		580,164	425,934
TOTAL ASSETS LESSCURRENT
LIABILITIES			3,582,347	100,935		3,683,282	3,536,793
CREDITORS
Amounts falling due after more than
one year		11	(656,350)			(656,350)	(691,503)
NET ASSETS			2.92 .99			3,026,932	2,845,290
FUNDS
Unrestricted funds						2,925,997	2,818,427
Restricted Reserves TOTAL FUNDS		12				100,935 3.923,932	26,863 2.3,292

		Statement ofCash Flows	Statement ofCash Flows	Statement ofCash Flows
		Year ended 31stjuly 2020
				Year ended		Year ended
		Notes	31st July 2020		31st )uly 2019
			E	E	E	E
Cash provided by operating activities		14		363,975		340,864
Cash flows from investing	activities
Interest income				849		436
Receipts from the sale	oftangible
fixed assets Purchase oftangible fixed assets			~399	291	~95	795
Cash used in investing	activities			(99,432)		(95,269)
Cash flows from financing	activities
Interest paid Repayment of borrowings			(16,518) ~34 459		(16,979) ~34 421
Cash used in financing	activities			(50,977)		(51,400)
Increase/(decrease) in cash and cash
equivalents in the year				213,566		194,195
Cash and cash equivalents at the
beginning ofthe year				456,886		262,691
Total cash and cash equivalents at the
end ofthe year				670,452		4ss,see

Particulars of i	ncome	from so	cial		ousing lettings
						Year	to 31stJuly 2020
					Turnover		Operating	Operating
							costs	surplus
							f	f
Social housing	lettings (note 2.2)					2,269,190	(2,235,477)	33,713
Other social housing		activities
						2,269,190	(2,235,477)	33,713
Activities other	than	social housing			activities	1,314,207	(1,166,278)	144,528
						3,583,397	(3,401,755)	181,642
						Year	to 31stJuly 2019
					Turnover		Operating	Operating
							costs	surplus
						E	E	E
Social housing	lettings (note 2.2)					1,741,989	(1,642,347)	99,642
Other social housing		activities
						1,741,989	(1,642,347)	99,642
Activities other	than	social housing			activities	1,510,352	(1,431,166)	79,186
						3,252,341	(3,073,513)	178,828
Particulars ofincome		&expenditure			from social housing	lettings
							2020	2019
							E	E
Rent receivable	net ofidentifiable				service charges		987,098	714,215
Service charges	receivable						1,282,092	1,027,774
Gross rents receivable							2,269,190	1,741,989
Turnover from	social	housing	lettings				2,269,190	1,741,989
Management							1,121,255	748,188
Rent payable							244,845	148,742
Services							210,614	147,517
Routine Maintenance							164,100	113,954
Bad Debts (Rent Losses)							37,081	50,611
Depreciation							74,838	66,610
Other Costs							382,744	366,725
Operating costs on social housing				lettings			2,235,477	1,642,347
Operating surplus on social housing					lettings		33,713	99,642
Rent losses from voids							(308,978)	(147,990)

At 1stAugust 2019	159
Additions	29
Disposals
At 31stJuly 2020	188

Incoming resources were	derived	1009ofrom	within the United	Kingdom (2019:100%),	Kingdom (2019:100%),
			Unrestricted	Restricted	2020	2019
			E	E	f	f
Incoming resources from generated		Funds:
Voluntary income:
-Donations and gifts
Sleepeasy			35,000		35,000	42,000
Other Donations			35,233		35,233	50,204
Activities for generating	funds:
-Hospitality income			64,582		64,582	78,852
-Investment income			849		849	436
Incoming resources from charitable
Activities:
-Supported housing
Turnover from lettings			2,269,190		2,269,190	1,741,989
BBOgrants				170,240	170,240	170,350
Support work			101,149	187,678	288,827	376,587
-Learning & development
ESFA contract (inc Bursary fund)			411,035	23,808	434,843	512,002
Alternative Provision	- Derby		43,185		43,185	70,274
Alternative Provision	- llkeston		20,541		20,541	23,928
Other training course	income		47,029		47,029	23,600
—Children & Young People's Services			131,790		131,790	141,615
-Other			42,088		42,088	20,505
Total Incoming Resources			3,201,671	381,726	3,583,397	3,252,341

					Direct Staff Costs	Other direct	Support costs	Tota I2020	Total 2019
						costs
						E
Charitable		Activities
Housing	IL	Support			790,554	1,273,466	540,210	2,604,230	2,163,496
Training	and Education				316,462	198,801	47,016	562,279	622,837
Children	and Young People				85,912	18,574	11,357	115,843	138,991
Non Charitable			Activities
Fundraising					26,548	12,578	6,052	45,178	68,915
Costs of	other		trading	activities	35,185	33,474	5,566	74,225	79,274
Total Costs					1,254,661	1,536,893	610,201	3,401,755	3,073,513

				2020	2019
				6	E
Auditor remuneration			- in their capacity as auditor	10,200	9,900
Depreciation	oftangible fixed assets (owned by the company)			108,021	106,273
Rent losses	from	bad	debts	37,081	50,611
Operating leases:		Land and Buildings		307,745	218,755

Employee	Numbers	2020	2019
Fundraising	Activities	3	2
Charitable	Activities	87	84
Management		6	6
		96	92
		2020	2019
Employee	Costs	6	6
Wages and	Salaries	1,681,526	1,546,674
SocialSecurity Costs		122,934	109,710
Pension Costs		113,110	84,573
		1,917,570	1,739,957

f60,000	(exclusive of pension and national insuran	ce contributions) in the year (in the fo	llowing
		2020	2019
E60,001	- E70,000	1	1
E70,001	- E80,000	1	1

2020	2019
f	E
16,518	16,979

				1stAugust				31stJuly
				2019	Additions	Disposals	Revaluations	2020
				f	f	f	f	f
COST OR	VALUATION
Freehold	property		(Social Housing)	2,254,000				2,254,000
Freehold	property		(Non Housing)	650,000				650,000
Net cost	offreehold		property	2,904,000				2,904,000
Motor vehicles				38,690	5,750			44,440
Computer	equipment			305,532	35,911			341,443
Fixtures and fittings				435,264	58,620			493,885
				3,683,486	100,281			3,783,768
DEPRECIATION
Motor vehicles				26,924	5,589			32,513
Computer	equipment			256,956	38,962			295,918
Fixtures and fittings				288,748	63,471			352,219
				572,628	108,022			680,650
NET BOOK VALUE
Freehold	property		(Social Housing)	2,254,000				2,254,000
Freehold	Property	(Non Housing)		650,000				650,000
Motor vehicles				11,766				11,927
Computer	equipment			48,576				45,525
Fixtures and fittings				146,516				141,666
				3,110,858				3,103,118

									2020	2019
									f	f
Bank Loan									37,335	36,640
Trade Creditors									148,652	163,137
Taxation and Social Security									36,154	34,395
Other Creditors									249	261
Accruals									118,867	120,621
Deferred income									132,213	91,069
									473,469	446,123
For details ofsecurity		provided			for the bank loan see Note 11,
The deferred income		movement			is as follows:-
									2020	2019
									f	f
Deferred income	at 1August 2019								91,069	81,895
Released to income		during		the	year				(91,069)	(81,895)
Income received	in the		current		year deferred				132,213	91,069
Deferred income	at 31		July	2020					132,213	91,069
.CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN ONE				YEAR
									2020	2019
									f	f
Bank Loan									656,35D	661,5D3
The Bank Loan is	secured by a				first legal charge over the freehold			land	and buildings at 770 London
Road, Derby and	represents			30%of the value of the charged			property.		Interest is charged	on the
Bank Loan at a rate of1.5%				over base rate.
The Bank Loan is repayable				in instalments		as follows:
									2020	2019
									f	f
In the next year									37,335	36,640
Between one and	two years								38,009	37,300
Between two and	five	years							117,799	115,588
Over five years									500,542	538,615
									693,684	728,143

				At 1st August	Net		At 31July
				2019	Movement	Transfers	2020
				f	f		f
Unrestricted funds:
General reserve				2,191,610	122,159	257	2,314,026
Designated funds
Planned Periodic Maintenance				194,191	(8,340)	30,000	215,851
Revaluation reserve				18,774			18,774
Residents Fund				560	(1,453)	1,000	107
Learners Fund				356	(1,053)	1,000	303
Campus New Build Fund				400,936		(36,000)	364,936
Strategic Development	Fund			12,000	(10,465)	10,465	12,000
Total designated funds				626,817	(21,311)	6,465	611,971
Total unrestricted funds				2,818,427	100,848	6,722	2,925,997
Restricted funds:
Support and Training grants
Children in Need
Foyer Federation				514	(514)
Reaching Communities					0
Paul Hamlyn Foundation				10,000	(10,000)
Building Better Opportunities
Big Lottery - Community	Connector
Mount Cook Ltd				680	(680)
Charitable Trust ofToyota		UK		2,000	(306)		1,694
Society ofMotor Manufacturers				2,000	(1,502)		498
Homeless Link Covid Grant					19,938		19,938
Paul Hamlyn Foundation	Covid		Grant		14,120		14,120
Foundation Derbyshire	Covid Grant				29,212		29,212
Morrisons Covid Grant					3,446		3,446
NationalLottery Covid Grant					13,910		13,910
Asda Covid Grant					348		348
Foundation Derbyshire	Covid Grant
Foundation Derbyshire	Move on				2,000		2,000
Duke of Devonshire Charitable			Trust		2,500		2,500
Other Funds:
Derbyshire Manor Fund				2,154	(2,154)
Derbyshire County Council				1,350	(1,350)
Digital Growth Fund				2,010	(1,560)		450
EFA Bursary Fund				6,155	13,386	(6,722)	12,819
Total restricted funds				26,863	80,794	(6,722)	100,935
Total funds				2,845,290	181,642		3,026,932

					Other
					recognised	Net
			Incoming	Outgoing	Gains & Losses	Movement
			f'000	f'000	f'000	f'000
Unrestricted funds:
General reserve			3,201,509	(3,079,350)		122,159
Designated funds
Planned Periodic Maintenance				(8,340)		(8,340)
Revalution reserve
Residents Fund			162	(1,615)		(1,453)
Learners Fund				(1,053)		(1,053)
Campus New Build Fund
Strategic Development	Fund			(10,465)		(10,465)
Total designated funds			162	(21,473)		(21,311)
Total unrestricted funds			3,201,671	(3,100,823)		100,848
Restricted funds:
Support and Training grants
Children in Need			17,094	(17,094)
Foyer Federation			750	(1,264)		(514)
Reaching Communities			23,673	(23,673)		0
Paul Hamlyn Foundation				(10,000)		(10,000)
Building Better Opportunities			170,240	(170,240)
Big Lottery - Community	Connector		40,704	(40,704)
Mount Cook Ltd				(680)		(680)
Charitable Trust ofToyota UK			2,000	(2,306)		(306)
Society ofMotor Manufacturers			2,000	(3,502)		(1,502)
Homeless Link Covid Grant			30,000	(10,062)		19,938
Paul Hamlyn Foundation	Covid	Grant	15,000	(880)		14,120
Foundation Derbyshire	Covid Grant		31,949	(2,737)		29,212
Morrisons Covid Grant			4,750	(1,304)		3,446
National Lottery Covid Grant			13,910			13,910
Asda Covid Grant			348			348
Foundation Derbyshire	Covid Grant		1,000	(1,000)
Foundation Derbyshire	Move on		2,000			2,000
Duke of Devonshire Charitable		Trust	2,500			2,500
Other Funds:
Derbyshire Manor Fund				(2,154)		(2,154)
Derbyshire County Council				(1,350)		(1,350)
Digital Growth Fund				(1,560)		(1,560)
fFA Bursary Grant			23,808	(10,422)		13,386
Total restricted funds			381,726	(300,932)		80,794
Total funds			3,583,397	(3,401,755)		181,642

				Fixed	Net current	Long term	Total	Total
				Assets	Assets	Liabilities	2020	2019
				f	f	f	f	f
Restricted funds
Foyer Federation								514
Paul Hamlyn Foundation								10,000
Mount Cook Ltd								680
Charitable Trust ofToyota		UK			1,694		1,694	2,000
Society ofMotor Manufacturers					498		498	2,000
Digital Growth Fund				450			450	2,010
Derbyshire County Council								1,350
Derbyshire Manor Fund								2,154
EFA Bursary Fund					12,819		12,819	6,155
Homeless Link Covid Grant					19,938		19,938
Paul Hamlyn Foundation	Covid		Grant		14,120		14,120
Foundation Derbyshire	Covid Grant				29,212		29,212
Morrisons Covid Grant					3,446		3,446
National Lottery Covid Grant					13,910		13,910
Asda Covid Grant					348		348
Foundation Derbyshire	Move on				2,000		2,000
Duke of Devonshire Charitable			Trust		2,500		2,500
Total restricted funds				450	100,485		100,935	26,863
Designated funds
Planned Periodic Maintenance					215,851		215,851	194,791
Revaluation reserve				18,774			18,774	18,774
Residents Fund					107		107	560
Learner Fund					303		303	356
Campus New Build Fund				364,936			364,936	400,936
Strategic Development	Fund				12,000		12,000	12,000
Total designated funds				383,710	228,261		611,971	626,818
General reserve				2,718,958	251,418	(656,350)	2,314,026	2,191,610
Total unrestricted funds				3,102,668	479,679	(656,350)	2,925,997	2,818,427
Total funds				3,103,118	580,164	(656,350)	3,026,932	2,845,290

				2020	2019
				f	6
Operating surplus/(deficit)				181,642	178,828
Add back
Depreciation	charges			108,021	106,273
Net interest	paid/(received)			15,669	16,543
(Profit)/loss	ofsale of	fixed assets
Movement in working		capital		58,643	39,220
Cash provided	by operating		activities	363,975	340,864

			Land 5	Other	Land &	Other
			Buildings		Buildings
			2020	2020	2019	2019
			E	E	E	f
Operating		leases expense:
Within	1	year	230,104		182,430
Within	2	to 5years	305,180		145,370
Over 5	years
			535,284		327,800

Connected	Details oftransaction		Income/		Debtor/
			(Expenditure)	in	(Creditor) at 31st
			the period		July 2020
			E		E
Mrs H M Wigglesworth	Lease re 118Osmaston	Road	(8,400)