2021-03-31-accounts - YMCA Essex

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			FOR THE	YEAR ENDED 31	MARCH 2021
				Unrestricted		Restricted
			Notes	General	Designated		2021	2020
							Total	Total
INCOMING RESOURCES							E	E
Incoming resources from generated
funds:
Rental income				623,929			623,929	604,035
Voluntary income Grants receivable				6,437 47,803			6,437 47,803	8,171 25,000
Furlough grant				55,163			55,163
Activities for generating funds Income of trading subsidiary Interest receivable			4	1,105 353,408 1,296			1,105 353,408 1,296	5,205 644,881 5,981
Incoming resources from charitable
activities:
Youth training				102,455	3,095	32,271	137,821	154,330
Miscellaneous Income				2,785			2,785	6,746
TOTAL INCOMING RESOURCES				1 194381	3 095	32 271	1 229 747	1454 349
RESOURCES EXPENDED
Cost of generating funds:
Expenditure oftrading subsidiary			4	387 626			387 626	481036
Charitable activities:
Childcare services				87,438			87,438	104,482
Youth and other services Premises				510,868 196584	9,997	74,410	595,275 196584	702,219 253 117
Governance costs				794,890 8,520	9,997	74,410	879,297 8,520	1,059,818 11,500
TOTAL RESOURCES EXPENDED			5	1 191036	9997	74410	1 275 443	1 552 354
Net INCOMING/(OUTGOING) RESOURCES				3,345	(6,902)	(42,139)	(45,696)	(98,005)
Pension deficit			15	32 650			32 650
NET INCOMING/(OUTGOING) RESOURCES AFTER PENSION	DEFICIT			(29,305)	(6,902)	(42,139)	(78,346)	(98,005)
Transfer (from)/to Designated		Funds	12	2,226	(2,226)
Transfer (from)/to Restricted	Funds		13
FUND BALANCES AT 1 APRIL 2020				127634	949 575	156794	1 234 003	1 332 008
FUND BALANCES AT 31 MARCH		2021		100 555	940 447	114655	1 155657	1 234 003

			2021	2020
				E
Cash Generated from Operating Activities	(see below)		(12,252)	14,936
Cash Flows from Investing Activities
Interest received Sale oftangible fixed assets			1,296	5,981
Purchase oftangible fixed assets				(5,336)
			1,296	645
Increase/(decrease) in cash and cash equivalents		in the year	(10,956)	15,581
Cash and cash equivalents at the beginning	ofthe	year	624,400	608,819
Total cash and cash equivalents at the end	ofthe	year	613444	624,400

				2021	2020
					E
Net incoming resources Add back depreciation	charge			(78,346) 2,226	(98,005) 3,185
Deduct interest income Decrease/(increase) in Increase/(decrease) in	shown in investing debtors creditors		activities	(1,296) (12,051) 77 215	(5,981) 103,736 12001
Net cash generated from operating		activities		(12,252)	14936

The average number of	employe	es was 60 (2	es was 60 (2	es was 60 (2	020 total was 80).	020 total was 80).
In addition the charity	uses the	services of			20+ volunteers. No		valuation	has been	made for the	assistance
upon which the YMCA Essex relies to			provide		many of its	services.	A further	10volunteers acted as		trustees on
the Board. No Trustees	have received		any remuneration			or have had expenses reimbursed.
Key management includes the Trustees, the					Chief Executive and		members	of the senior management			team.
The compensation paid	to key management			for employee		services	is E245,232 (2020: E244,211).
									2021		2020
NET INCOMING RESOURCES									E		E
This is stated after charging
Depreciation (owned assets) Auditors' remuneration —audit									2,226 5,500		3,185 5,500
	—other	services							3,020		6,000
GROUP FIXED ASSETS					Furniture &.		Computer		Motor		Total
Cost or Valuation		Premises			Equipment		Equipment		Vehicles
				E		E		E	E		E
At 1 April 2020			825,000			44,490		29,432	1,200	900,122
Additions
Disposals
At 31 March 2021			825 000			44 490		29 432	1 200	900 122
Depreciation
At 1 April 2020						39,732		29,432	200	69,364
Charge for the year						1,926			300		2,226
Eliminated on disposals
At 31 March 2021						41 658		29 432	500	71 590
Net book value
At 31 March 2021		825,000				2,832			700	828,532
At 31 March 2020		825,000				4,758			1,000	830,758

															2021				2020	2020
10.DEBTORS												Charity E				Groupf	Charity E		Group E
Trade debtors												25,261				32,206	45,628		54,742
Other debtors		and prepayments										35,567				35,567		980		980
Loan to YMCA		Essex	(Trading)			Ltd.						45 000					111799
												105,828				67,773	158,407		55,722
The above loan relates			to money			lent to			trading	subsidiary		during	the		year.	Interest	is charged at a fixed			rate
of3%and the balance			is repayable				over		2 years from		inception.
															2021				2020
11.(a) CREDITORS: Amounts				falling			due	within
one year
												E				E		E		E
Trade creditors												10,097			12,487		2,873			6,307
Other creditors		and accruals									177,845				211,022		119,609		156,245
Pension deficit												16,933			16,933		16,392		16,392
Amount due to		YMCA Essex (Trading)							Ltd.			21,381
											226,256				240,442		138,874		178,944
The Other Creditors		and Accruals			include f116,150of VAT collected on									service		charges	since YMCA Essex has
applied to register for VAT. Should						VAT registration				not be successful,				the	money will be returned			to tenants.
11.(b) CREDITORS: Amounts				falling			due	more
than one year
																				E
Pension deficit											113650				113650		97933		97933
											113,650				113,650		97,933		97,933
12. DESIGNATED FUNDS
					Balances											Net			Balances
				31 March 20					Income			Expenditure			Transfer				31 March 21
								E		E				E		E
Fixed assets fund New Projects						830,758 78,423				580		(6,805)			(2,226)					828,532 72,198
IT —Replacement	fund						448					(448)
Informal Youth Work							8,085													8,085
Replacement Fund						30,140						(2,744)								27,396
Colchester
Friends of Chelmsford							1,721													1,721
YMCA
Colchester Bike Shed Fund										2,515										2,515
						949,575				3,095		(9,997)			(2,226)					940,447