2021-07-31-accounts - YMCA Derbyshire

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

CONTENTS
		Page
Reference and Administrative	details
Report ofthe Trustees		2-11
Independent Auditor Report		12-15
Income and Expenditure Account		16
Statement of Financial Activities		17
Balance Sheet		18
Statement ofCash Flows		19
Notes to the Financial Statements		20-39

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
			D Connor (resigned —September 2020)
			TJ Penter(Treasurer)
			A JWalker
			J L Robinson (resigned	—December	2020)
			E0 Mills
			SJ Bradley
			K M Brierley
			J P Smith
			J L Davies (appointed —September		2020)
			Fr J Hollywell (appointed —March 2021)
			E Mackenzie (appointed —March 2021)
SECRETARY			E0 Mills
SENIOR MANAGEMENT	TEAM		G I-I Sewell (Chief Executive Officer)
			A M Armstrong (Deputy chief executive/Director			of finance)
			LCurd (Director of lifelong learning)
			J Lunn (Director of HR)	(part year only)
			C A Gillespie (Head of Housing)
			J Hodder (Head ofTraining and Education)
			G Harrison (Head of Income Generation)
REGISTERED OFFICE			770 London Road
			Wilmorton, Derby, DE248UT
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, NG15DW
BANKERS			National Westminster	Bank pic
			7 Market Place, Derby,	DE13ZF
SOLICITORS			Anthony Collins LLP
			134Edmund Street, Birmingham, 832ES

						Year to July	Yearto July
						2021	2020
						Total	Total
					Notes	E
Income					3	3,957,196	3,583,397
Operating	Costs					(3,651,758)	(3,386,086)
Operating	surplus/(deficit)				5	305,438	197,311
Interest receivable						63	849
Interest payable					7	(8,341)	(16,518)
Surplus/(deficit)		on	ordinary	activities for the
year						297,160	181,642
Other comprehensive			income			728,000
						1,025,160	181,642

							2021	2020
					Unrestricted	Restricted	Total	Total
				Notes	funds	funds	funds	funds
					E		E	6
INCOME
Donations and legacies					275,673		275,673	70,233
Income from charitable		activities
Housing 84 Support					2,704,246	291,261	2,995,507	2,728,257
Training and Education					466,128	23,172	489,300	545,598
Children's Services					110,988	28,080	139,068	131,790
Other								42,088
Income from other trading			activities
Commercial trading activities					57,648		57,648	64,582
Investment income					63		63	849
Total incoming resources				3	3,614,746	342,513	3,957,259	3,583,397
Expenditure
Costs of raising funds
Fundraising costs					45,437		45,437	45,178
Costs of other trading		activities			54,207		54,207	74,225
Charitable activities
Housing 83Support					2,493,115	341,581	2,834,696	2,604,230
Training and Education					570,100	17,442	587,542	562,279
Children's Services					138 417	7 888	138217	113843
Total resources expended				4	3,293,276	366,823	3,660,099	3,401,755
Net income/(expenditure)			before
transfers					321,470	(24,310)	297,160	181,642
Gross transfers between		funds			3,604	(3,604)
Net income/(expenditure)			before
other recognised gains	and		losses		325,075	(27,915)	297,160	181,642
Other recognised gains	and		losses
Property revaluation	gains/
(losses)					728,000		728,000
Net movement in funds					1,053,075	(27,915)	1,025,160	181,642
RECONCILIATION OF FUNDS
Total funds brought forward					2,925,997	100,935	3,026,932	2,845,290
TOTAL FUNDS CARRIED	FORWARD				3,979,072	73,020	4,052,092	3,026,932

						At 31stJuly 2	021
								2021	2020
						Unrestricted	Restricted	Tota I	Total
					Notes	funds	funds	funds	funds
						E	E	E	E
FIXEDASSETS
Tangible assets					8	4,019,349		4,019,349	3,103,118
Investments					9	2		2
						4,019,351		4,019,351	3,103,118
CURRENT ASSETS
Stocks						3,698		3,698	3,698
Debtors					10	422,810	11,718	434,528	379,483
Cash at bank	and		in hand			607 015	61 302	665 317	67D 452
						1,033,523	73,020	1,106,543	1,053,633
CREDITORS
Amounts falling		due within		one
year					11	(454,807)		(454,807)	(473,469)
NET CURRENT	ASSETS					578,716	73,020	651,736	580,164
TOTAL ASSETS	LESS		CURRENT
LIABILITIES						4,598,067	73,020	4,671,087	3,683,282
CREDITORS
Amounts falling		due after		more
than one year					12	(618,995)		(618,995)	(656,350)
NET ASSETS						3,979,072	73,020	4,052,092	3,026,932
FUNDS
Unrestricted	funds							3,979,072	2,925,997
Restricted Reserves								73 D2D	1D0,035
TOTAL FUNDS					14			4,052,092	3,026,932

			Statement of Cash	Statement of Cash	Statement of Cash	Flows
			Year ended 31stJuly			2021
					Year ended		Year ended
			Notes	31st July 2021			31st July 2020
				6		6	f
Cash provided by operating		activities	16			319,602	363,975
Cash flows from investing	activities
Interest income					63		849
Receipts from the sale	of	tangible
fixed assets				3,870
Purchase of investments Purchase oftangible fixed assets				~288	(2) 143		~188281
Cash used in investing	activities					(276,212)	(99,432)
Cash flows from financing	activities
Interest paid Repayment of borrowings				(8,341) ~37 184			(16,518) ~34 439
Cash used in financing	activities					(45,525)	(50,977)
Increase/(decrease) in cash		and cash
equivalents in the year						(2,135)	213,566
Cash and cash equivalents		at the
beginning of the year						670,452	456,886
Total cash and cash equivalents at the
end ofthe year						668,317	670,452

Particulars ofinco	me fro	m	social	housin		g lettings
								Year	to 31stJuly 2021
							Turnover		Operating	Operating
									costs	surplus
									E'000	E'000
Social housing	lettings		(note	2.2)			2,692,690		(2,461,616)	231,074
Other social housing		activities
							2,692,690		(2,491,616)	231,074
Activities other	than social housing					activities	1 264	569	1 198,483	66 086
							3,957,259		(3,660,099)	297,160
								Year	to 31stJuly 2020
							Turnover		Operating	Operating
									costs	surplus
									E'000	E'000
Social housing	lettings		(note	2.2)			2,269,190		(2,235,327)	33,863
Other social housing		activities
							2,269,190		(2,235,327)	33,863
Activities other	than social housing					activities	1 314	207	1 166428	147,779
							3,583,397		(3,401,755)	181,642
articulars of income &expenditure				from social housing			lettings
									2021	2020
Rent receivable	net of		identifiable			service charges			1,105,349	987,098
Service charges	receivable								1,587,341	1,282(092
Gross rents receivable									2 692 690	2 269 190
Turnover from	social	housing		lettings					2,692,690	2,269/190
Management									1,089,275	1,121,144
Rent payable									362,853	244,845
Services									244,233	210,614
Routine Maintenance									370,158	164,100
Bad Debts (Rent Losses)									25,758	37,081
Depreciation									60,730	74,838
Other Costs									308,609	382,705
Operating costs	on social housing				lettings				2 461 616	2 235 327
Operating surplus on		social housing				lettings			231074	33863
Rent losses from voids									438 373	308,978

2.3	Registered social housing	YEAR END units	ED 31J	ULY 2021
	At 1stAugust 2020				188
	Additions				9
	Disposals				(4)
	At 31stJuly 2021				193
3.	INCOMING RESOURCES
	Incoming resources were	derived 100%from	within	the United	Kingdom (2020:	100N).
			Unrestricted		Restricted	2021		2020
			E		E	f		f
	Incoming resources from generated
	Funds:
	Voluntary income:
	- Donations and gifts
	Sleepeasy		26,995			26,995		35,000
	Other Donations		248,678			248,678		35,233
	Activities for generating	funds:
	-Hospitality income		57,648			57,648		64,582
	-Investment income			63			63		849
	- Other
	Incoming resources from charitable
	Activities:
	-Supported housing
	Turnover from lettings		2,692,690			2,692,690		2,269,190
	BBOgrants				158,124	158,124		170,240
	Support work		11,556		133,137	144,693		288,827
	-Learning &development
	ESFAcontract (inc Bursary fund)		358,050		16,052	374,102		434,843
	Alternative Provision		103,603			103,603		63,726
	Other training course income			4,475	7,120	11,595		47,029
	- Children & Young People's Services		110,988		28,080	139,068		131,790
	-Other							42	088
	Total Incoming Resources		3614746		342 513	3 957	259	3 583	397

				Direct Staff Costs			Other direct costs	Support costs	Total 2021	Total 2020
Charitable Activities
Housing 82 Support			795,509			1,545,528		493,811	2,834,848	2,604,230
Training and Education			293,451				213,455	80,339	587,245	562,279
Children and Young	People			95,709			19,589	23,002	138,300	115,843
Non Charitable Activities
Fundra ising							37,910	7/554	45,464	45,178
Costs of other trading
activities				35,582			9,124	9,536	54,242	74,225
Total Costs		1	220 251			1	525 606	614 242	3 660 099	3 401 755
URPLUS FOR THE YEAR
he surplus of income over expenditure				is stated after charging:
									2021	2020
									f	f
Auditor remuneration	- in their capacity as auditor								10,866	10,200
Depreciation oftangible fixed		assets		(owned	by	the company)			91,911	108,021
Profit/(loss) on sale of	fixed assets								3,870
Rent losses from bad debts									25,758	37,081
Operating leases: Land	and Buildings								435,573	307,745
AFF COSTS
e average monthly number of		persons employed				by the company		during the	period was:
Employee Numbers									2021	2020
Fundraising Activities									3	3
Charitable Activities									84	87
Management									6	6
									93	96
									2021	2020
Employee Costs									f	f
Wages and Salaries									1,660,886	1,681,526
SocialSecurity Costs									125,439	122,934
Pension Costs									124,639	113,110
									1,910,964	1,917,570

		2021	2020
E60,001	- E70,000	1	1
E70,001	—E80,000	1	1

		2021	2020
		f	E
Bank	loans	8,341	16,518

			At				At
			1stAugust				31stJuly
			2020	Additions	Disposals	Revaluations	2021
COST OR VALUATION
Freehold	property	(Social
Housing)			2,254,000			724,490	2,978,490
Freehold	property	(Non
Housing)			650 000	230 000		3 510	883 510
Net cost	of freehold
property			2,904,000	230,000		728,000	3,862,000
Motor vehicles			44,440		(9,045)		35,395
Computer equipment			341,443	20,883			362,326
Fixtures	and fittings		493 885	29 260			523 145
			3 783 768	280 143	9 045	728 000	4 782 866
DEPRECIATION
Motor vehicles Computer equipment			32,513 295,918	6,385 23,868	(9,045)		29,853 319,786
Fixtures and fittings			352 219	61658			413 877
			680 649	91911	9 045		763 516
NET BOOK VALUE
Freehold	property	(Social
Housing)			2,254,000				2,978,490
Freehold	Property	(Non
Housing)			650,000				883,510
Motor vehicles			11,927				5,542
Computer	equipment		45,525				42,540
Fixtures and fittings			141666				109267
			3 103116				4 019349

Shares	in
Group	cos.	Total
E		E

		2021	2020
		E	f
Rental debtors		163,959	160,029
Provision		17933	39418
Net Rental debtors		146,026	120,611
Other debtors		44,422	70,178
Prepayments	and accrued income	244 080	188694
		434 528	379483

	2021	2020
	E	E
Bank Loan	37,505	37,335
Trade Creditors	188,008	148,652
Taxation and Social Security	34,511	36,154
Other Creditors	118	249
Accruals	180,939	118,867
Deferred income	13726	132213
	454 807	473 469

			2021	2020
			E	E
Deferred	income	at 1August 2020	132,213	91,069
Released	to income during the year		(132,213)	(91,069)
Income	received	in the current year deferred	13,726	132,213
Deferred	income	at 31July 2021	13,726	132,213

2021	2020
f	E
618,995	656,350

	2021	2020
	f	f
In the next year	37,505	37,335
Between one and two years	38,300	38,009
Between two and five years	119,830	117,799
Over five years	460 865	500 542
	656 500	693684

					As at 1 August 2020	Cashflows	Acquisition of subsidary	Other non cash changes	As at31 July 2021
					E	f	f	E	f
Cash	and	bank			670,452	(2,133)	(2)		668,317
Bank	loan	within		1year	(37,335)	(170)			(37,505)
Bank	loan	over	1	year	(656,350)	37,355			(618,995)
					(23,233)	35,052	(2)	0	11,817

TATEMENT OF FUNDS		YEAR EN	DED 31JULY20	21
			At 1"			At 31"
			August	Net		July
			2020	Movement	Transfers	2021
			E	f		f
Unrestricted funds:
General reserve			2,314,026	1,075,668	330,740	3,720,434
Designated funds
Planned Periodic Maintenance			215,851	(20,257)	30,000	225,594
Revaluation reserve			18,774	1,000		19,774
Residents fund			107	(2,140)	3,000	967
Learners Fund			303			303
Campus New Build			364,936		(364,936)
Strategic Development	Fund		12,000	4 800	4,800	12,000
Total designated funds			611,971	(26,197)	(327,136)	258,638
Total unrestricted funds			2,925,997	1,049,471	3,604	3,979,072
Restricted funds:
Children in Need Grant
Children in Need - Employability				11,458		11,458
Derby Homes —This is Derby project				20,518		20,518
BBOGrants
Foundation Derbyshire	- Jefford Weller
Charitable Trust ofToyota		UK	1,694	(1,694)
Society ofMotor Manufacturers			498	(498)
Homeless Link Grant			19,938	(19,938)
Paul Hamlyn 2 Grant			14,120	(14,120)
Covid Foundation Derbyshire			29,212	(29,212)
Morrisons			3,446	(3,446)
National Lottery			13,910	(13,910)
Asda			348	(348)
YMCA England - Move	on	fund		1,000		1,000
Foundation Derbyshire	—Move on fund		2,000	(2,000)
Derby Homes - Psychotherapy				1,667		1,667
Derbyshire Community	Health			652		652
Duke of Devonshire			2500			2,500
HAF project				20,280		20,280
Derby County Community		Trust		7,120		7,120
Digital growth fund			450	(450)
EFA Bursary Fund			12,819	(1,390)	(3,604)	7,825
Total restricted funds			100,935	(24,311)	(3,604)	73,020
Total funds			3,026,932	1,025,160		4,052,092

					Other
					recognised	Net
			Incoming	Outgoing	Gains 8 Losses	Movement
			f'000	E'000	f'000	E'000
Unrestricted funds:
General reserve			3,614,746	(3,266,078)	727,000	1,075,668
Designated funds
Planned Periodic Maintenance				(20,257)		(20,257)
Revaluation reserve					1,000	1,000
Residents fund				(2,140)		(2,140)
Learners Fund
Campus New Build
Strategic Development	Fund			(4,800)		4 800
Total designated funds				(27,197)	1,000	(26,197)
Total unrestricted funds			3,614,746	(3,293,275)	728,000	1,049,471
Restricted funds:
Children in Need —Young		mothers	16,154	(16,154)
Children in Need - Employability			28,829	(17,371)		11,458
Derby Homes - This is Derby project			75,000	(54,482)		20,518
BBOGrants			158,125	(158,125)
Foundation Derbyshire	-Jefford Weller		2,000	(2,000)
Charitable Trust ofToyota		UK		(1,694)		(1,694)
Society ofMotor Manufacturers				(498)		(498)
Homeless Link Grant				(19,938)		(19,938)
Paul Hamlyn 2 Grant				(14,120)		(14,120)
Covid Foundation Derbyshire				(29,212)		(29,212)
Morrisons				(3,446)		(3,446)
National Lottery				(13,910)		(13,910)
Asda				(348)		(348)
YMCA England - Move	on	fund	3,544	(2,544)		1,000
Foundation Derbyshire	- Move on fund			(2,000)		(2,000)
Derby Homes - Psychotherapy			5,000	(3,333)		1,667
Derbyshire Community	Health		2,610	(1,958)		652
Duke of Devonshire
HAF project			28,080	(7,800)		20,280
Derby County Community		Trust	7,120			7,120
Digital growth fund				(450)		(450)
EFA Bursary Fund			16,051	(17,441)		(1,390)
Total restricted funds			342,513	(366,824)		(24,311)
Total funds			3 957 259	3 660 099	728 000	1 025 160

			Fixed	Net	Long	Total	Tota I
			Assets	current Assets	term Liabilities	2021	2020
Restricted funds
Children in Need - Employability				11,458		11,458
Derby Homes —This is Derby project				20,518		20,518
Charitable Trust ofToyota		UK					1,694
Society ofMotor Manufacturers							498
Homeless Link Grant							19,938
Paul Hamlyn 2 Grant							14,120
Covid Foundation Derbyshire							29,212
Morrisons							3,446
Nationa I Lottery							13,910
Asda							348
YMCA England —Move on		fund		1,000		1,000
Foundation Derbyshire	-Move on						2,000
Derby Homes —Psychotherapy				1,667		1,667
Derbyshire Community	Health			652		652
Duke of Devonshire				2,500		2,500	2,500
HAF project				20,280		20,280
Derby County Community		Trust		7,120		7,120
Digital growth fund							450
EFA Bursary Fund				7,825		7,825	12,819
Total restricted funds				73,020		73,020	100,935
Designated funds
Planned Periodic Maintenance				225,594		225,594	215,851
Revaluation reserve			19,774			19,774	18,774
Residents fund				967		967	107
Learner fund				303		303	303
Campus New Build							364,936
Strategic Development	Funds			12,000		12,000	12,000
Total designated funds			19,774	238,864		258,638	611,971
General reserve			3,999,577	339,852	(618,995)	3,720,434	2,314,026
Total unrestricted funds			4,019,351	578,716	(618,995)	3,979,072	2,925,997
Total funds			4,019,351	651,736	(618,995)	4,052,092	3,026,932

				2021	2020
				f	f
Operating surplus/(deficit)				297,160	181,642
Add back
Depreciation	charges			91,911	108,021
Net interest	paid/(received)			8,278	15,669
(Profit)/loss	of sale of	fixed assets		(3,870)
Movement in	working	capital		73877	58 643
Cash provided	by operating		activities	319602	363975

			Land &	Other	Land &	Other
			Buildings		Buildings
			2021	2021	2020	2020
			E	f	f	E
Operating		leases expense;
Within	1	year	197,186		230,104
Within	2	to 5years	214,729		305,180
Over 5	years
			411,915		535,284

Connected	Connected	Details oftransaction		Income/		Debtor/
				(Expenditure)	in	(Creditor) at 31st
				the period		July 2021
				f		f
Mrs	H M Wigglesworth	Lease of118Osmaston	Road to	(5,600)
		the charity