| OperationalandFinancialReportandStrategicReport | |
|---|---|
| WelcomeandIntroduction:ChairmanandChiefExecutiveOfficer | 3 |
| IntroductiontoYMCALondonCityandNorth | 4 |
| VibrantFutures2025 | 5 |
| BusinessandFinancialReview | |
| ValueforMoney | 11 |
| Volunteers | 12 |
| PartnersandFunders | 12 |
| FinancialReview | 13 |
| ReservesPolicy | 13 |
| GoingConcern | 14 |
| RisksandUncertainties | 14 |
| Lookingtothefuture | 15 |
| DirectorsandTrusteesReport | |
| CorporateInformation | 16 |
| CorporateGovernanceInformation | 17 |
| StatementsoninternalcontrolsandTrustees'responsibilities | 19 |
| regardingregulatoryandstatutoryobligations | |
| IndependentAuditor'sReport | 22 |
| FinancialStatements | |
| StatementofComprehensiveIncome | 25 |
| BalanceSheet | 26 |
| Cashflowstatement | 27 |
| Notestothefinancialstatements | 28-41 |
| Metric | Definition | 2023 | 2022 |
|---|---|---|---|
| BusinessHealth | |||
| OperatingMargin- | Operatingsurplusor(deficit)fromsocial | 17.0% | (0.1%) |
| SocialHousing | housinglettings/turnoverfromsocial | ||
| housinglettings | |||
| Operatingmargin- | Operatingsurplusofdeficitoverall/turnover | 7.5% | (1.8%) |
| overall | overall | ||
| EBITDAMRIinterest | Earningsbeforeinterest,tax,depreciation, | 161.5% | 50.7% |
| cover | amortisation,majorrepairsincludedinterest | ||
| cover% | |||
| Development | |||
| Newsupplyas%of | 0.2% | 1.0% | |
| currentunits | |||
| Gearing | Shorttermloans+longtermloans-cash | 29.0% | 31.6% |
| andcashequivalents+financelease | |||
| obligations/Tangiblefixedassets:Housing | |||
| propertiesatcost(currentperiod) | |||
| Outcomes | |||
| Reinvestment% | Developmentofnewproperties(housing)+ | 0% | 0% |
| newlybuiltpropertiesacquired+workto | |||
| existinghousingproperties+capitalised | |||
| interestonhousingproperties+schemes | |||
| completed/Tangiblefixedassetshousingat | |||
| cost | |||
| EffectiveAssetManagement | |||
| ReturnonCapital | Operatingsurplusor(deficit)overall/total | 3.7% | (0.7%) |
| Employed(ROCE) | assetslesscurrentliabilities | ||
| Costperunit | |||
| Headlinesocial | £13,325 | £12,836 | |
| housingcostperunit |
| • | ActionFunder | 0 | GreaterLondon | IslingtonLocal | |||
|---|---|---|---|---|---|---|---|
| • | ArtsCouncil | Authority | InitiativesFund | ||||
| • | CrownWorkspace | • | Groundworks | • | OakLondon | ||
| UKI | 0 | HamptonsCrouch | PretaManger | ||||
| • | Derwent | End | 0 | MarigoldHealth | |||
| • | DunnsBakery | HornseyParish | Foods | ||||
| • | FatMacy's | Church | Pivot | ||||
| • | Friends& | • | HaringeyWorks | • | SaltersCompany | ||
| Supporters | 0 | IKEA | 0 | SidleyLLP | |||
| • | Cripplegate | • | Islington | • | StGilesChurchof | ||
| Foundation | Community | England | |||||
| • | FindingRhythms | FestivalsFund | • | TraversSmithLLP | |||
| • | FunRun | 0 | Islington | Wesley'sChapel | |||
| Participants | Community | • | YMCAEnglandand | ||||
| • | GoLiveTheatre | InfrastructureLevy | Wales | ||||
| • | GreigTrust | 0 | YMCAMetTrust | ||||
| Housingdeliverypartners: | |||||||
| • | AlbertKennedy | 0 | HopeHouseEssex | 0 | Nottinghamshire |
||
| Trust | 0 | HousingSolutions | Council | ||||
| • | AloneinLondon | Service | 0 | OutwardHousing | |||
| • | BrainTree | HomesforHaringey | PilionTrust | ||||
| • | BarnetHomes | • | Justice.gov |
0 | ProvidenceRow | ||
| • | BeaconHouse | 0 | KentCouncil | Riverside | |||
| Ministries | 0 | LeapCC | 0 | Sanctus | |||
| • | C4WSHomeless | LondonBoroughof | 0 | Shelterfromthe | |||
| Project | Hackney | Storm | |||||
| • | CambridgeCouncil | • | LondonBoroughof |
• | Shelter |
||
| • | Centrepoint | Islington | 0 | StGilesTrust |
|||
| • | CentralCare | LondonCRCR | 0 | StMungos |
|||
| • | ChessHomeless | • | LiverpoolCity |
• | SurreyLeavingCare |
||
| • | ChurchArmy | Council | Team | ||||
| • | Crisis | 6 | MannaSociety | • | SingleHomeless |
||
| • | DepaulUK | 6 | NewHorizon | Project | |||
| • | Ebbitt | • | NewhamCouncil |
• | ThamesReach |
||
| • | Glassdoor | 0 | NoFirstNightOut | • | TheMannaSociety |
||
| • | GreenHouse | 0 | NoSecondNight | • | ThePassageHouse |
||
| Hackney | Out | 0 | WalthamForest | ||||
| • | HopeWorldwide |
| embeddingourstrategyweareembed staffingstructures. |
dingourCREATEvaluesacrossservicesand |
|---|---|
| Collaborate | Accessible |
| Weworktogetherwithyoungpeople, | Weensurethatourservicesandfacilitiesare |
| communitiesandstakeholdersto | inclusiveforeverybody. |
| improveourservicedelivery. | Transform |
| Respect | Wealwaysseekpositivechangeinthelivesof |
| Weshowrespectforallresidents, | youngpeopleandourcommunities. |
| serviceusers,colleaguesandothers, | Excellent |
| regardlessofperspectivesandbeliefs. | Westrivetodeliverthehighest-qualityservicesin |
| Empower | allthatwedo. |
| Wesupportanddevelopconfidencein | |
| othersforalltoprogress. |
20 September 2023
| StatementofComprehensiveIncome(incorp 31March2023 |
oratingaS | tatementofCh | angesinRes | erves)forth | eyearended |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Incomefrom: | Unrestricted | Restricted | TotalFunds | TotalFunds | |
| SocialHousingActivities | Note | £ | £ | £ | |
| IncomefromSocialHousing | 2 | 6,354,361 | - | 6,354,361 | 5,068,033 |
| NonSocialHousingActivities | |||||
| Donations-fundraisingactivities | 80,240 | 137,039 | 217,279 | 435,524 | |
| Donations-Drumbuilding | - | 30,000 | 30,000 | 30,000 | |
| Donations-legalfees | - | 148,977 | 148,977 | 88,057 | |
| YouthProjectsincome | - | 64,466 | 64,466 | 106,365 | |
| Communityactivitiesincome | 778,913 | 144,408 | 923,321 | 866,441 | |
| 859,153 | 524,890 | 1,384,043 | 1,526,387 | ||
| Totalincome | 7,213,514 | 524,890 | 7,738,404 | 6,594,420 | |
| Expenditureon: | |||||
| Fundraising | 244,006 | 137,039 | 381,045 | 355,195 | |
| Costsofraisingfunds | 244,006 | 137,039 | 381,045 | 355,195 | |
| ExpenditureonSocialHousing | 2 | 5,276,832 | - | 5,276,832 | 5,053,539 |
| YouthProjects | 71,480 | 111,060 | 182,540 |
157,297 | |
| Communityactivities | 1,022,057 | 144,408 | 1,166,465 |
1,040,071 | |
| LegalFeesprobono | - | 148,977 | 148,977 | 88,057 | |
| Expenditureoncharitableactivities | 6,370,369 | 404,445 | 6,774,814 |
6,338,964 | |
| Totalexpenditure | 6,614,375 | 541,484 | 7,155,859 |
6,694,159 | |
| OperatingSurplus/(deficit) | 599,139 | (16,594) | 582,545 |
(99,739) | |
| Interestreceivableandinvestmentincome | 4 | 15,666 | 15,666 | 17,840 | |
| Interestpayableandsimilarcharges | 5 | (433,015) | - | (433,015) | (282,884) |
| Movementinfairvaluefinancialinstruments | 11 | (38,917) | - | (38,917) | 56,092 |
| (Deficit)/surplusforthefinancialyear | 6 | 142,873 | (16,594) | 126,279 |
(308,691) |
| Transfersbetweenfunds | 17 | (16,594) | 16,594 | - |
- |
| Reconciliationoffunds: | |||||
| Netmovementinfunds | 126,279 | - | 126,279 | (308,691) | |
| Totalfundsbroughtforward | 6,377,113 | - | 6,377,113 | 6,685,804 | |
| Totalfundscarriedforward | 6,503,392 | - | 6,503,392 | 6,377,113 |
| 2023 | 2022 | ||
|---|---|---|---|
| FIXEDASSETS | note | ||
| FixedAssets | |||
| SocialHousingProperties | 9 | 24,141,783 | 24,700,332 |
| NonSocialHousingProperties | 9 | 18,750 | |
| IntangibleAssets | 10 | 15,116 | 20,244 |
| OtherTangibleAssets | 10 | 352,999 | 387,156 |
| Investments | 11 | 505,576 | 534,846 |
| TOTALFIXEDASSETS | 25,015,474 | 25,661,328 | |
| CURRENTASSETS | |||
| Stock | 17,765 | 9,930 | |
| Debtors | 12 | 1,092,151 | 798,564 |
| ShortTermDeposits | 20,598 | 17,832 | |
| Cashatbankandinhand | 230,945 | 42,292 | |
| 1,361,459 | 868,618 | ||
| CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR | 13 | (10,521,964) | (2,797,581) |
| NETCURRENTLIABILITIES | (9,160,505) | (1,928,963) | |
| TOTALASSETSLESSCURRENTLIABILITIES | 15,854,969 | 23,732,365 | |
| CREDITORS:AMOUNTSFALLINGDUEAFTER MORETHANONEYEAR |
14 | (9,351,577) | (17,355,252) |
| TOTALNETASSETS | 6,503,392 | 6,377,113 | |
| FUNDS: | 14 | ||
| UNRESTRICTED | |||
| DesignatedFixedAssetFunds | 7,074,534 | 7,033,789 | |
| Pensionreserve | 18 | (571,142) | (656,676) |
| 6,503,392 | 6,377,113 | ||
| TOTALFUNDS | 6,503,392 | 6,377,113 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Cashflowsfromoperatingactivities | ||||
| Netcashprovidedby/(usedby)operating activities(noteA) |
969,252 | (1,275,162) | ||
| Cashflowsfrominvestingactivities | ||||
| Purchaseoftangiblefixedassets | (91,332) | (268,802) | ||
| Saleofinvestments | 500,000 | |||
| PurchaseofInvestment | (9,647) | (8,238) | ||
| Investmentincomereceived | 15,666 | 17,840 | ||
| (Decrease)/increaseinDefinedBenefit PensionScheme |
(85,534) | (74,462) | ||
| (170,847) | 166,338 | |||
| Cashflowfromfinancingactivities | ||||
| LongTermLoan(repayment)/drawn | (628,208) | (145,799) | ||
| Changeincashandcashequivalentsinthe | 170,197 | (1,236,623) | ||
| year | ||||
| Cashandcashequivalentsatthestartofthe | 60,124 | 1,296,747 | ||
| year | ||||
| Cashandcashequivalentsattheendof theyear(noteB) |
230,321 | 60,124 | ||
| NoteA:reconciliationofnet | ||||
| income/(expenditure)tonetcash | ||||
| providedby/(usedby)operating | ||||
| activities | ||||
| Netincome/(expenditure)fortheyear | 126,279 | (308,691) | ||
| Adjustmentsfor: | ||||
| Depreciation | 707,916 | 673,533 | ||
| Carryamountoffixedassetdisposals | - | 17,595 | ||
| AmortisationofGLAgrant | (173,760) | (173,760) | ||
| Loss/(gain)ininvestment | 38,917 | (56,092) | ||
| Investmentincome | (15,666) | (17,840) | ||
| (Increase)/decreaseinStock | (7,835) | (8,193) | ||
| (Increase)/decreaseindebtors | (293,588) | (560,352) | ||
| (Decrease)/increaseincreditors | 586,989 | (823,362) | ||
| Netprovidedby/(usedby)operating activities |
969,252 | (1,257,162) | ||
| NoteB:analysisofcashandcash | ||||
| equivalents | ||||
| Shorttermdeposits | 20,598 | 17,832 | ||
| Cashatbankandinhand | 230,945 | 42,292 | ||
| 251,543 | 60,124 | |||
| Note:analysisofmovementinnetdebt | Atthestartof theyear |
Cash-flows | Other Movement |
Attheendof theyear |
| Cash | 42,292 | 188,653 | 230,945 | |
| Cashequivalents | 17,832 | 2,766 | 20,598 | |
| Sub-total | 60,124 | 191,419 | 251,543 | |
| Loansfallingduewithinoneyear | (628,202) | 618,092 | (7,732,083) | (7,742,193) |
| Loansfallingdueafteroneyear | (7,768,510) | 10,116 | 7,732,083 |
(26,311) |
| Total | (8,336,588) | 819,627 | - |
(7,516,961) |
| Propertyassetsarestatedatcostlessdepreciation ncompliancewiththecomponentaccountingrequirementsofth assetwithmateriallydifferentusefuleconomicliveshavebeense followingusefuleconomiclives: FreeholdSocialHousingProperties |
eHousingSORP,those paratelyidentifiedan |
|---|---|
| Useful | |
| EconomicLife | |
| Building | (years) |
| MainFabric | 100 |
| SubFabric | 100 |
| RoofstructuresandCoverings | 70 |
| Windowsandexternaldoors | 30 |
| Gasboilers/fires | 15 |
| Kitchen | 20 |
| Bathroom/WCs | 30 |
| Mechanicalsystems(heating,ventilation, | 30 |
| plumbing) | |
| Electrics | 40 |
| Total | |
| Nodepreciationisprovidedonfreeholdland. |
| 2.INCOMEANDEXPENDITUREFROMHOUSING | ||
|---|---|---|
| 2023 | 2022 | |
| Incomefromsocialhousing | ||
| Rentreceivable | 2,045,979 | 1,728,117 |
| Servicechargesreceivable | 4,094,813 | 3,100,030 |
| Governmentgrantamortisation | 173,760 | 173,760 |
| Othersocialhousingactivities | 39,809 | 66,126 |
| Netincomefromsocialhousingactivities | 6,354,361 | 5,068,033 |
| Expenditureonsocialhousing | ||
| Managementandservices | 3,703,075 | 3,672,900 |
| Routinemaintenance | 403,997 | 331,784 |
| Plannedmaintenance | 121,370 | 71,871 |
| Baddebts | 93,552 | 48,571 |
| LeaseCosts | 308,658 | 308,658 |
| Depreciationonhousingproperty | 646,180 | 636,572 |
| Totalexpendituresonhousingactivities | 5,276,832 | 5,070,356 |
| Operatingprofit(deficit)onhousingactivities | 1,077,529 | (2,323) |
| VoidLoss:(beingrentalincomelostasaresultof propertynotbeinqlet) |
779,644 | .1,978,648 |
| 3.ACCOMODATIONINMANAGEMENT | ||
| 2023 | 2022 | |
| Units | Units | |
| SupportedHousing | 388 | 387 |
| GeneralNeeds | 8 | 8 |
| Numberofunitsinmanagementattheendoftheyear | 396 | 395 |
| 4.INTERESTRECEIVABLEANDSIMILARINCOME | ||
|---|---|---|
| 2023 | 2022 | |
| Investment | 12,851 | 16,623 |
| Bankinterest | 2,815 | 1,217 |
| 15,666 | 17,840 | |
| S.INTERESTPAYABLEANDSIMILARCHARGES | ||
| 2023 | 2022 | |
| £ | f | |
| Loans | 417,061 | 266,067 |
| Definedbenefitpensioncharge | 15,954 | 16,817 |
| 433,015 | 282,884 | |
| 6.NETINCOME/(EXPENDITURE) | ||
| 2023 | 2022 | |
| Thisisstatedaftercharging: | £ | £ |
| Auditors'remuneration(excludingVAT) | 33,000 | 20,000 |
| OtherservicesfromAuditors | 3,000 | - |
| Depreciation | 707,916 | 673,533 |
| Operatingleasecharges-plantandequipment | 52,112 | 49,906 |
| 2023 | 2022 | |
|---|---|---|
| Employeecostfortheyear | £ | £ |
| Salariesandwages | 2,542,087 | 2,573,833 |
| Socialsecuritycosts | 229,520 | 219,305 |
| Redundancyandterminationpayments | 13,859 | - |
| Definedbenefitschemecosts(seenote18) | 21,585 | 21,510 |
| Definedcontributioncosts | 70,426 | 73,029 |
| 2,877,477 | 2,887,677 |
| 2023 | 2022 | ||
|---|---|---|---|
| £60,000-£69,999 | 1 | 2 | |
| £70,000-£79,999 | 3 | 2 | |
| £80,000-£89,999 | - | 1 | |
| £90,000-99,999 | - | ||
| £100,000-109,999 | 1 | 1 |
| fulltimeequivalentstaff(includingte | mporaryandparttime | staffwasas | follows: | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Management | 2 | 3 | ||
| Housingandsupport | 61 | 65 | ||
| Youthprojects | 1 | 1 | ||
| Community | 21 | 20 | ||
| CapitalFundRaiser | 3 | 3 | ||
| 88 | 92 |
| 31March 2022 |
Additions | Disposals | 31March 2023 |
|
|---|---|---|---|---|
| SocialHousing | £ | £ | £ | £ |
| Freehold | ||||
| Cost | 24,338,890 | - | 24,338,890 | |
| Depreciation | (470,229) | (430,032) | - | (900,261) |
| Netbookamount | 23,868,661 | (430,032) | - | 23,438,629 |
| Shortleasehold | ||||
| Cost | 1,758,507 | - | 1,758,507 | |
| Depreciation | (926,836) | (128,517) | - | (1,055,353) |
| Netbookamount | 831,671 | (128,517) | - | 703,154 |
| Totalnetbookamount | 24,700,332 | (558,549) | - | 24,141,783 |
| Nonsocialhousing | ||||
| Shortleasehold | ||||
| Cost | 198,652 | - | 198,652 | |
| Depreciation | (179,902) | (18,750) | (198,652) | |
| Netbookamount | 18,750 | (18,750) | - |
| 31March 2022 |
Additions | Disposals | 31March 2023 |
|
|---|---|---|---|---|
| TangibleAssets | £ | £ | £ | £ |
| Computerequipment | ||||
| Cost | 132,626 | 26,819 | 159,445 | |
| Depreciation | (43,308) | (27,562) | (70,870) | |
| Netbookamount | 89,318 | (743) | - | 88,575 |
| GymEquipment | ||||
| Cost | 9,428 | - | 9,428 | |
| Depreciation | (3,853) | (2,306) | - | (6,159) |
| Netbookamount | 5,575.00 | (2,306) | - | 3,269 |
| MotorVehicles | ||||
| Cost | 65,258 | - | - | 65,258 |
| Depreciation | (65,258) | - | - | (65,258) |
| Netbookamount | - | - | ||
| OfficeEquipment | ||||
| Cost | 8,389 | - | - | 8,389 |
| Depreciation | (8,389) | - | (8,389) | |
| Netbookamount | - | - | - | |
| Furnitureandfittings | ||||
| Cost | 530,634 | 64,513 | - | 595,147 |
| Depreciation | (238,371) | (95,621) | - | (333,992) |
| Netbookamount | 292,263 | (31,108) | - | 261,155 |
| Totalnetbookamount | 387,156 | (34,157) | - | 352,999 |
| IntangibleAssets | ||||
| Cost | 34,039 | - | 34,039 | |
| Amortisation | (13,795) | (5,128) | - | (18,923) |
| Netbookamount | 20,244 | (5,128) | - | 15,116 |
| 11.INVESTMENTS | ||||
| 31March | 31March | |||
| 2023 | 2022 | |||
| COIFCharitiesInvestmentFund&Rathbones | £ | £ | ||
| HistoricalCost | 376,155 | 453,119 | ||
| MarketValue | ||||
| Beginningoftheyear | 534,846 | 970,516 | ||
| Additions | 9,647 | 8,238 | ||
| Disposals | (500,000) | |||
| Unrealisedgainoninvestment | (38,917) | 56,092 | ||
| Endoftheyear | 505,576 | 534,846 |
| 12. DEBTORS |
||
|---|---|---|
| 2023 | 2022 | |
| Amountsfallingduewithinoneyear: | £ | £ |
| Rentandservicesrecevable | 634,340 | 433,068 |
| Lessprovisionfordoubtfuldebts | (70) | (4,670) |
| Othertaxesandsocialsecurity | 146,777 | 209,034 |
| Otherdebtorsandprepayments | 311,104 | 161,132 |
| 1,092,151 | 798,564 |
| 13. CREDITORS:AMOUNTSFALLING |
DUEWITHINONEYEAR | |
|---|---|---|
| 2023 | 2022 | |
| Creditorsduewithinoneyear: | £ | £ |
| Tradecreditors | 320,873 | 214,933 |
| Othertaxesandsocialsecurity | 86,558 | 56,052 |
| Othercreditors | 1,267,596 | 807,380 |
| Accruals | 629,971 | 639,645 |
| DeferredIGrant&Income | 213,297 | 192,075 |
| GLASocialHousingGrant(Note15) | 173,760 | 173,760 |
| PensionLiabilities(Note18) | 87,716 | 85,534 |
| Loan(Note16) | 7,742,193 | 628,202 |
| 10,521,964 | 2,797,581 |
| 14. CREDITORS:AMOUNTSFALLING |
DUEAFTERP | TORETHANONEYEAR |
|---|---|---|
| 2023 | 2022 | |
| Creditorsdueoveroneyear: | £ | |
| Loan(Note16) | 26,311 | 7,768,510 |
| Definedbenefitpensionschemeliability(Note 17) |
483,426 | 571,142 |
| GLASocialHousingGrant(Note15) | 8,841,840 | 9,015,600 |
| 9,351,577 | 17,355,252 |
| 15. GLASOCIALHOUSINGGRANT |
||
|---|---|---|
| 2023 | 2022 | |
| At1April2022 | 9,363,120 | |
| Releasedtoincomeintheyear(note2) | (173,760) | (173,760) |
| At31March2023 | 9,015,600 | 9,189,360 |
| 2023 | 2022 | |
| Amounttobereleasedwithinoneyear | 173,760 | 173,760 |
| Amountstobereleasedinmorethanoneyear | 8,841,840 | 9,015,600 |
| 9,015,600 | 9,189,360 |
| 2023 | 2022 | |
|---|---|---|
| Borrowings | ||
| Duewithinoneyear | ||
| BankLoans | ||
| AIBLoans | 7,732,083 | 468,612 |
| CityBridgeLoans | - | 150,000 |
| Co-operativeBankLoans | 10,110 | 9,590 |
| 7,742,193 | 628,202 | |
| Dueaftermorethanoneyear | ||
| BankLoans | ||
| AIBLoans | - | 7,732,083 |
| Co-operativeBankLoans | 26,311 | 36,427 |
| 26,311 | 7,768,510 |
| 17. TOTALFUNDS |
||||||
|---|---|---|---|---|---|---|
| Startof year |
Income | Expenditure | Transfer between Fund |
Investment gains |
Endofyear | |
| 01-Apr-22 | 31-Mar-23 | |||||
| UnrestrictedFunds | ||||||
| DesignatedFixedAssetsFunds* | 7,033,789 | 7,229,180 | (7,047,390) | (102,128) | (38,917) | 7,074,534 |
| PensionFund | (656,676) | - | 85,534 | (571,142) | ||
| TotalUnrestrictedFunds | 6,377,113 | 7,229,180 | (7,047,390) | (16,594) | (38,917) | 6,503,392 |
| RestrictedFunds | ||||||
| Grant&Donation | - | 137,039 | (137,039) | - | - | |
| YouthProjects | - | 64,466 | (81,060) | 16,594 | - | |
| CommunityActivities | 144,408 | (144,408) | - | - | ||
| DonationsDrumBuilding | - | 30,000 | (30,000) | - | - | |
| DonationLegalFees | - | 148,977 | (148,977) | - | ||
| TotalrestrictedFunds | - | 524,890 | (541,484) | 16,594 | - | |
| Totalfunds | 6,377,113 | 7,754,070 | (7,588,874) | - | (38,917) | 6,503,392 |
| TOTALFUNDSCOMPARATIVEFOR2022 | ||||||
| Startof year |
Income | Expenditure | Transfer between Fund |
Investment gains |
Endofyear | |
| 01-Apr-21 | 31-Mar-22 | |||||
| UnrestrictedFunds | ||||||
| DesignatedFixedAssetsFunds* | 7,416,942 | 6,019,413 | (6,513,380) | 54,722 | 56,092 | 7,033,789 |
| PensionFund | (731,138) | - | 74,462 | - | (656,676) | |
| TotalUnrestrictedFunds | 6,685,804 | 6,019,413 | (6,513,380) | 129,184 | 56,092 | 6,377,113 |
| RestrictedFunds | ||||||
| Grant&Donation | - | 276,749 | (126,903) | (149,846) | - | |
| YouthProjects | - | 106,365 | (127,297) | 20,932 | - | |
| CommunityActivities | 91,676 | (91,406) | (270) | |||
| DonationsDrumBuilding | 30,000 | (30,000) | - | |||
| DonationLegalFees | - | 88,057 | (88,057) | |||
| TotalrestrictedFunds | 592,847 | (463,663) | (129,184) | - | - | |
| Totalfunds | 6,685,804 | 6,612,260 | (6,977,043) | - | 56,092 | 6,377,113 |
| Within | Oneto | Twoto | Afterfive | Aftermorethan | TOTAL | TOTAL | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| oneyear | twoyears | fiveyears | years | oneyear | 2023 | 2022 | ||||
| £ | E | £ | £ | £ | £ | £ | ||||
| Asat | 31 | March | 2023 | 87,716 | 93388 | 204,837 | 185,201 | 483,426 | 571,142 | |
| Asat | 31 | March | 2022 | 85,534 | 90,520 | 196,828 | 283,794 | 571,142 | 656,671 |
| 2023 | |
|---|---|
| Provisionatthestartoftheperiod | 656,676 |
| DeficitContributionpaid | (101,488) |
| Unwindingofdiscountfactor(interestexpense) | 15,954 |
| Provisionattheendoftheperiod | 571,142 |
| Incomefrom: | Unrestricted | Restricted | TotalFunds | |
|---|---|---|---|---|
| SocialHousingActivities | Note | £ | £ | |
| IncomefromSocialHousing | 2 | 5,068,033 | 5,068,033 | |
| NonSocialHousingActivities | ||||
| Donations-fundraisingactivities | 158,775 | 276,749 | 435,524 | |
| Donations-Drumbuilding | - | 30,000 | 30,000 | |
| Donations-legalfees | 88,057 | 88,057 | ||
| YouthProjectsincome | - | 106,365 | 106,365 | |
| CommunityActivitiesIncome | 774,765 | 91,676 | 866,441 | |
| LiquidatedDamagesConstructionIncome | ||||
| 933,540 | 592,847 | 1,526,387 | ||
| Totalincome | 6,001,573 | 592,847 | 6,594,420 | |
| Expenditureon: | ||||
| Fundraising | 228,292 | 126,903 | 355,195 |
|
| Costsofraisingfunds | 228,292 | 126,903 | 355,195 | |
| ExpenditureonSocialHousing | 2 | 5,053,539 | - | 5,053,539 |
| YouthProjects | - | 157,297 | 157,297 |
|
| CommunityActivities | 948,665 | 91,406 | 1,040,071 |
|
| LegalFeesprobono | - | 88,057 | 88,057 | |
| Expenditureoncharitableactivities | 6,002,204 | 336,760 | 6,338,964 |
|
| Totalexpenditure | 6,230,496 | 463,663 | 6,694,159 |
|
| SUBTOTAL | ||||
| Operating(deficit)/surplus | (228,923) | 129,184 | (99,739) |
|
| Interestreceivableandinvestmentincome | 4 | 17,840 | 17,840 | |
| Interestpayableandsimilarcharges | 5 | (282,884) | - | (282,884) |
| Movementinfairvaluefinancialinstruments | 11 | 56,092 | 56,092 | |
| (Deficit)/surplusforthefinancialyear | 6 | (437,875) | 129,184 | (308,691) |
| Transfersbetweenfunds | 17 | 129,184 | (129,184) | |
| Reconciliationoffunds: | ||||
| Netmovementinfunds | (308,691) | - | (308,691) | |
| Totalfundsbroughtforward | 6,685,804 | 6,685,804 | ||
| Totalfundscarriedforward | 6,377,113 | - | 6,377,113 |
YMCA LONDON CITY AND NORTH Yn¢A