2023-03-31-accounts - YMCA Essex

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Our	Mission:
	Building Lives, Hope and Futures
	for children, young people and families
Our	Strapline:
	'Unleashing Potential'
Our	Values:
	~ Christian —inspired by faith, hope and	love
	~ Caring —here to help everyone we can
	~ Creative —always looking for new opportunities
	~ Committed —aiming for excellence in all we do
Our	Priorities:
	1. SERVlCES: Strengthen and expand our	ability to meet		the needs of
	children, young people and families. 2. OPERATIONS: Implement an adaptive,	resilient,	sustainable		operational
	model which optimises resources for our Mission. 3. PARTNERSHIPS: Pursue opportunities for partnership			working	toincrease
	our impact and effectiveness.
	4. COMMUNICATIONS: Raise our profile and build support for the vital work
	we do from communities, beneficiaries,	donors, funders		and commissioners.

F	OR THE Y	EAR ENDED 31 MARCH 2023	EAR ENDED 31 MARCH 2023	EAR ENDED 31 MARCH 2023
		Unrestricted			Restricted
	Notes	Genera	I	Designated		2023	2022
						Total	Total
INCOMING RESOURCES
Incoming resources from generated
funds:
Rental income Voluntary income Grants receivable Furlough grant Activities for generating funds Income of trading subsidiary Interest receivable Incoming resources from charitable	4	634,038 4,098 25,000 609,967 4,234				634,038 4,098 25,000 609,967 4,234	630,986 1,754 25,000 14,190 693 403,596 2,968
activities:
Youth training Miscellaneous Income		297,331 18,232		22,608	26,785	346,724 18,232	522,222 585
TOTAL INCOMING RESOURCES		1592 900		22 608	26 785	1 642 293	1 601994
RESOURCES EXPENDED
Cost of generating funds:
Expenditure of trading subsidiary Charitable activities:	4	532 507				532 507	378 923
'Childcare services Youth and other services Premises		82,265 703,207 234 782		56,052	26,950	82,265 786,209 234 782	98,306 850,899 210222
Governance costs		1,020,254 12,093		56,052	26,950	1,103,256 12,093	1,159,427 8,400
TOTAL RESOURCES EXPENDED	5	1 564 854		56 052	26 950	1 647 856	1 546 750
Net INCOMING/(OUTGOING) RESOURCES		28,046		(33,444)	(165)	(5,563)	55,244
Pension deficit	15
NET INCOMING/(OUTGOING) RESOURCES AFTER PENSION DEFICIT		28,046		(33,444)	(165)	(5,563)	55,244
Transfer (from)/to Designated Funds	12	(13,874)		13,874
Transfer (from)/to Restricted Funds	13			11,354	(11,354)
FUND BALANCES AT 1 APRIL 2022 FUND BALANCES AT 31 MARCH 2023		194051 208 223		937 775 929 559	79 075 67 556	1 210901 1 205 338	1 155657 1210901

						Unrestricted	Unrestricted	Restricted
					Notes	General	Designated		2022
INCOMING RESOURCES									Totalf
Incoming resources	from	generated
funds:
Rental income						630,986			630,986
Voluntary income						1,754			1,754
Grants receivable						25,000			25,000
Furlough grant						14,190			14,190
Activities for generating		funds				693			693
Income oftrading	subsidiary				4	403,596			403,596
Interest receivable						2,968			2,968
Incoming resources	from	charitable
activities:
Youth training						422,513	43,562	56,147	522,222
Miscellaneous Income						585			585
TOTAL INCOMING RESOURCES						1 502 285	43 562	56 147	1 601994
RESOURCES EXPENDED
Cost of generating funds:
Expenditure of trading		subsidiary			4	378 923			378 923
Charitable activities:
Childcare services Youth and other services						98,306 716,814	55,176	78,909	98,306 850,899
Premises						210 222			210 222
Governance costs						1,025,342 8,400	55,176	78,909	1,159,427 8,400
TOTAL RESOURCES	EXPENDED				5	1412 665	55 176	78 909	1 546 750
Net INCOMING/(OUTGOING)						89,620	(11,614)	(22,762)	55,244
RESOURCES
Pension deficit					15
NET INCOMING/(OUTGOING)						89,620	(11,614)	(22,762)	55,244
RESOURCES AFTER	PENSION		DEFICIT
Transfer (from)/to Designated				Funds	12	3,876	(3,876)
Transfer (from)/to Restricted			Funds		13		12,818	(12,818)
FUND BALANCES AT	1 APRIL		2021			100555	940 447	114,655	1 155657
FUND BALANCES AT	31 MARCH			2022		194 051	937 775	79 075	1 210901

				CHARITY	AND CONSOLIDAT	ED BALANCE SH	EET
				FOR	THE YEAR ENDED	31 MARCH 2023
						TOTAL 2023			TOTAL	2022
		Notes		Restricted f	Unrestricted f	Charity f	Group f		Charity f	Group f
FIXED
ASSETS
Tangible					831,049	831,049	831,049		837,175	837,175
assets
Investments
					831051	831051	831	049	837 177	837 175
CURRENT
ASSETS
Debtors			10		141,882	141,882	56,420		86,859	64,247
Cash at bank				67,556	339,052	406,608	528,559		499,672	534/762
in hand
				67,556	480,934	548,490	584,979		586,531	599,009
CREDITORS:
Amounts		11(a)			(99,962)	(99,962)	(130,206)		(112,689)	(128,468)
falling due
within one
year
TOTAL ASSETS		LESS
CURRENT	LIABILITIES			67,556	1,212,023	1,279,579	1,285,822		1,311,019	1,307,716
CREDITORS:
Amounts		11(b)			(80,484)	(80,484)	(80,484}		(96,815)	(96,815}
falling due
after more
than one
year
NET ASSETS				67,556	1,131,539	1 199095	1 205	338	1 214 204	1/210/901
FUNDS HELD
Unrestricted
funds:
General fund					201,980	201,980	201,978		197,354	197,354
Retained	in						6,245			(3,303)
subsidiary
Total					201,980	201,980	208,223		197,354	194,051
Designated					211,171	211,171	211,171		219,387	219,387
fund
Restricted			13	67,556		67,556	67,556		79,075	79,075
funds
Revaluation					718,388	718,388	718,388		718,388	718,388
reserve
				67,556	1,131,539	1,199,095	1,205,338		1,214,204	1,201,901
haritable	company's		result	for the year		(15,111)			30,568

			2023	2022 f
Cash Generated from Operating Activities	(see below)		(10,437)	(68,736)
Cash Flows from Investing Activities
Interest received Sale of langible fixed assets			4,234	2,968 280
Purchase oftangible fixed assets				(13,193)
			(4,234)	(9,945)
Increase/(decrease) in cash and cash equivalents		in the year	(6,203)	(78,681)
Cash and cash equivalents at the beginning	ofthe	year	534,762	613,444
Total cash and cash equivalents at the end	of the	year	528 559	534,762

			2023	2022 f
Net incoming resources Add back depreciation charge Loss on disposal of fixed asset			(5,563) 6,126	55,244 3,876 395
Deduct interest income Decrease/(increase) in Increase/(decrease) in	shown in investing debtors creditors	activities	(4,234) 7,827 ~14593	(2,968) 3,526 ~128 809
Net cash from operating	activities		(10,437)	68 736

ROFIT AND LOSS ACC	O	UNT
				2023f	2022
Turnover				609,967	386,268
Cost ofsales				427 555	296 921
Gross profit/(loss)				182,412	89,347
Administrative costs	(including		interest)	(104,955)	(82,002)
Other operating income					17328
Operating profit/(loss)		for the	year	77,457	24,673
Amount covenanted	to	YMCA	Essex	67 912
Profit for the financial	year			9 545	24 673
Retained profits/(losses)		at 1	April 2022	3 304	27 977
Retained in subsidiary		at 31 March 2023		6,241	(3,304)
AGGREGATE SHARE	CAPITAL		AND RESERVES	6,243	(3,302)

	Trading	Charitable	Governance	2023	2022
	Subsidiary	Activities		Total	Total
	E	E		E	E
Costs directly allocated to
activities
Staff costs	371,223	403,769		774,992	682,983
Other direct costs	56,330	87,619		143,949	169,275
Support costs allocated to
activities
Premises
Heat and light	3,834	32,777		36,611	31,369
Repairs	4,905	49,497		54,405	37,420
Rates and insurance		16,473		16,473	14,183
Cleaning	11,277	25,598		36,875	37,251
Rent		110,437		110,437	109,223
Administration
Office salaries and pensions	77,706	233,268		310,974	278,437
Pensions admin charge Staff training		3,657 11,845		3,657 11,845	3,996 14,355
ITcosts		21,369		21,369	25,182
Stationery and advertising	1,646	4,587		6,233	5,662
Telephone and licences Fees and licences Sundry expenses	3,764 1,174-	6,291 10,335 29		10,055 10,335 1,203	9,540 12,873 148
Depreciation		6,126		6,126	3,876
Board expenses			3,438	3,438
Conference costs		4,052		4,052
VAT back dated claim VAT Input Tax Partial Recovery Legal 5 Professional fees		(7,476)		(7,476)	(25,431) (14,286) 4,614
Fundraising costs Loss on Sale of assets					1,850 395
Auditors remuneration Loan interest	648		8,655	8,655 648	8,400 1350
TOTAL RESOURCES	532,507	1,020,254	12,093	1,564,854	1,412,665
EXPENDED

			2023
STAFF	COSTS	Charity E	Group E	Charity	Group
Wages and salaries Social Security costs Pension contributions		566,674 50,439 19,924	994,098 71,944 19,924	564,703 53,522 21,646	859,300 64,645 21,646
		637,037	1,085,966	639,871	945,591

				2023	2022
NET INCOMING RESOURCES				E	E
This is stated after charging
Depreciation (owned assets) Auditors' remuneration —audit —other	services			4,126 5,755 2,645	3,876 5,500 2,900
GROUP FIXED ASSETS	Freehold Land 5	Furniture S.	Computer	Motor	Total
Cost	Buildings E	Equipmentf	Equipment E	Vehicles E	E
At 1 April 2022	825,000	44,490	29,432	13,194	912,116
Additions
Disposals
At 31 March 2023	825 000	44 490	29 432	13 194	912 116
Depreciation
At 1 April 2022 Charge for the year Eliminated on disposals		42,485 827	29,432	3,024 5,299	74,941 6,126
At 31 March 2023		43 312	29 432	8 323	81,067
Net book value
At 31 March 2023	825,000	1,178		4,872	831,049
At 31 March 2022	825,000	2,005		10,170	837,175

										2023			2022
10.DEBTORS								Charity		Group		Charity	Group
									E		E	E	E
Trade debtors								19,578		26,741		24,383	43,021
Other debtors	and	prepayments						29,679		29,679		21,226	21,226
Amount due from		YMCA	Essex	(Trading)		Ltd.		92,625
Loan to YMCA	Essex (Trading)			Ltd.								41 250
								141,882		56,420		86,859	64,247
The above loan related to money					lent to trading		subsidiary	during	2020/21. The		loan	has been fully	repaid.
										2023			2022
11.(a) CREDITORS: Amounts			falling		due within
one year								f				f	f
Trade creditors Other creditors	and accruals 5			deferred				4,431 78,678		7,283 106,070		6,495 70,333	9,137 102,447
income
Pension deficit								16,853		16,853		16,884	16,884
Amount due to	YMCA Essex (Trading) Ltd.											18,977
								99,962		130,206		112,689	128,468
11.(b) CREDITORS: Amounts			falling		due more
than one year										f		E
Pension deficit								80 484		80 484		96 815	96815
								80,484		80,484		96,815	96,815

					Company No. 31	Company No. 31	Company No. 31	71206	71206	71206	71206
				NOTES	TO THE FINANCIAL			STATEMENTS
				FOR THE YEAR ENDED			31 MARCH 2023
12. DESIGNATED FUNDS
				Balances								Net		Balances
			31	March 22	Income		Expenditure			Transfer				31 March 23
				E	E							E			E
Fixed assets New Projects		fund		824,656 56,838	150			(28,260)		(6,126) 11,354				818,530 40,082
Informal	Youth Work			9,806											9,806
Replacement		Fund		17,424	2,398			(6,176)							13,646
Colchester Fundraising				648	1,970			(194)							2,424
Holiday	Club	Reserves		28,403	18,090			(21,422)							25,071
Repairs	Victoria Road										20,000				20,000
				937,775	22,608			(56,052)			25,228			929,559
The fixed	assets fund represents		the value ofthe general			funds		held wit:hin		in	the	fixed assets (including		revaluation
reserve)	used	by the charity, as such these			are not available		to support		the other activities. The replacement						fund
is monies	set	aside for ongoing	maintenance		and improvements			of t:he	building.			The Board have also		designated
funds to	allow	for the continuation		of youth	work projects once			existing	funding			sources	run out and to	allow	time
for securing future funding.

	At 31 March	Income	Transfers	Salaries	Materials/other	At 31 March
	2022					2023
Childcare	18,108					18,108
services
Youth and other services	60,967	26,785	(11,354)	(19,294)	(7,656)	49,448
TOTAL ALL	79,075	26,785	(11,354)	(19,294)	(7,656)	67,556
FUNDS
Childcare Services