## # # ## ## ## ## ## ## ## |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||2022|| |---|---|---|---|---|---|---| |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||||||| ## ## ## ## ## ## ##