2020-12-31-accounts - Grimsby Cleethorpes And Humber Region YMCA

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

			PAGE
Company information
Board report (including	strategic report)		5-14
Independent auditor's	report		15-17
Statement ofcomprehensive		income	18
Balance sheet			19
Statement ofchanges	in reserves		20
Statement ofcash flows			21
Notes to the financial statements			22-33

YEAR ENDED 3	YEAR ENDED 3	YEAR ENDED 3	1 DEC	EMBER 2020
Charity number					1058613
Company		number			3241634
Homes 8		Communities		Agency registered
housing	provider		number		LH 4152
Directors					N A Strawson
					D Wooldridge (resigned			15/07/20)
					P Gallant
					SGallaher (Chairman)
					S Hunt (resigned 21/01/21)
					K Lynn (resigned 27/01/20)
					C Rounce (resigned		29/03/21)
					L Lougher (resigned		29/03/21)
					R Harrison (resigned		08/09/20)
					R Oxby (appointed	27/01/20)
					Bishop D Court
					L Flemming (appointed			29/03/21)
					C Stephen (appointed		29/03/21)
					Rev Matthew Rodgers			(appointed	29/03/21)
					J Taylor (appointed	29/03/21)
Chief Executive Officer					D Cook (resigned 31/05/21)
Key management			personnel		K Conway
					S England
					G Fenwick (resigned		06/03/20)
					A Hornsby (resigned		09/04/21)
					SMarray
					SMeech (resigned	31/12/20)
Registered		office			Peaks Lane
					Grimsby
					South Humberside
					DN32 9ET
Bankers					Barclays Bank PLC
					35Victoria Street
					Grimsby
					North East Lincolnshire
					DN31 1DE
Auditors					Forrester Boyd
					26 South St. Mary's	Gate
					Grimsby
					DN31 1LW

Our ability to generate	Our ability to generate	income from fundraising	income from fundraising	income from fundraising	was restricted in 2020 due to the pandemic	was restricted in 2020 due to the pandemic
had already identified		that this is an area		ofwork	we need to grow	and develop. The Senior Leadership
Team worked	hard to access grants to compensate for lost income and also to provide additional
services which	were needed		more than ever during the pandemic.			The following grants were received
in 2020:-
Reaching Communities					f62,842	To continue our AT One project
Coronavirus Leisure Grant					E25,000	Coronavirus support
Housing First					F50,000	Housing first Project Worker
Sports England	"Community		Emergency	Fund"	F10,000	Coronavirus support
NELC Hardship	Grant				F10,000	To support our residents
Crisis Grant "In	this together"				E5,000	Coronavirus support
Covid Hardship	winter	Grant			F5,000	To support our residents
Walwyn Chapman					E5,000	To enable us to deliver a Young
						Carers project
NELC Covid Fund					E4,000	To support our mental health
						services
Street Games					F2,500	To deliver sport sessions
Garfield Weston					E2,000	To support our Trustees
YMCA E8W					j1,503	Room sponsorship support
Tala					F1,462	To support our mental health
						services
NELC SWEP					F1,000	To support our SWEP
Make a difference locally					F250	To purchase sports equipment
Rotary					2200	To support Willows Youth Club
Blakem ores					f150	To purchase residents Easter Eggs

						2020	2019
							F
Turnover					Notes
						2,570,791	2,157,111
Operating expenditure						(1,760,711)	(1,670,583)
Operating	surplus					810,080	486,528
Gain/(loss)	on disposal		of property	plant
and equipment						(5,202)	1,800
Exceptional	expenditure
Interest receivable		and	similar income			717	1,023
Surplus before tax						805,595	489,351
Exceptional	Items
Taxation
Total comprehensive			income for the year			805,595	489,351

								2020		2019
						Notes
Fixed assets
Housing properties		at depreciated			cost	10	5,474,610		2,130,496
								5,474,610		2,130,496
Other fixed assets						10		82,381		84,188
								5,556,991		2,214,684
Current assets
Stocks and work in progress						11	3,985		3,749
Debtors						12	198,795		98,967
Cash at bank and	in	hand					1,610,730		897,550
							1,813,510		1,000,266
Creditors: amounts		falling due within one year				13	(610,416)		(530,862)
Net current assets								1,203,094		469,404
Total assets less	current liabilities							6,760,085		2,684,088
Creditors: amounts		falling due after more than				14		(4,418,846)		(1,131,704)
one year
Provisions for liabilities			and	charges
Pensions liability						22	(86,179)		(102,919)
Totals provisions	for	liabilities		and	charges	15		(86,179)		(102,919)
								2,255,060		1,449,465
Capital and reserves
Income and expenditure			reserve					2,255,060		1,449,465
								2,255,060		1,449,465

			2020	2019
		Note
Cash flow from operating activities		19	3,687,375	813,705
Interest paid
Taxation paid
Net cash flow from operating	activities		3,687,375	813,705
Cash flow from investing activities
Payments to acquire tangible fixed assets			(3,432,610)	(947,241)
Receipts from sale oftangible	fixed assets			1,800
Interest received			717	1,023
Net cash flow from investing	activities		(3,431,893)	(944,418)
Cash flow from financing activities
Proceeds from bank borrowing	draw downs		475,250	169,400
Repayment ofbank borrowing			(23,974)	(5,046)
Interest paid			6,422	1,375
Net cash flow from financing	activites		457,698	165,729
Net increase I(decrease) in	cash and cash	equivalents	713,180	35,016
Cash and cash equivalents at 1 January			897,550	862,534
Cash and cash equivalents at 31 December			1,610,730	897,550

Depreciation	is charged on a straight	is charged on a straight	line basis over the expected economic useful lives ofthe assets
at the following annual rates the		year	after acquisition:
	Housing properties,	houses
	Plant and machinery
	Furniture and equipment
	Computer equipment
	Motor vehicles

								2020f	2019 f.
	Rent receivable, excluding				service charges			1,957,786	1,604,084
	Service charges							22,311	19,849
	Care leavers							140,157
	Grant income							237,774	260,419
	Amortised grant income							32,239	30,156
	Other income							27,589	9,069
	Social housing	activity expenditure						(1,387,275)	(1,121,832)
	Operating surplus/		from	social housing			activities	1,030,581	801,745
	Net surplus/(deficit)		from social housing				activities	914,871	681,010
	Void losses							(115,710)	(120,324)
3	TURNOVER
	The analysis ofthe company's				turnover	for the period from		continuing operations	is as
	follows:
								2020	2019
								E
	Social housing	income (net			ofvoids)			2,302,146	1,803,253
	Sale ofgoods
	Rendering ofservices
	Facility lettings							8,892	26,975
	Donations and	revenue		grants				148,042	326,883
	Capital grant							57,000
	Government grants							54,711
								2,570,791	2,157,111
4	ACCOMMODATION		OWNED		AND IN MANAGEMENT
								Units	Units
								at End	at Start
	Supported housing		—Let at		social rent			118	109
5	INTEREST RECEIVABLE			AND SIMILAR			INCOME
								2020	2019
	Bank deposits							717	1,023
							-25-


6	OPERATING SURPLUS
						2020 F	2019f
	Operating surplus is stated after			charging:
	Directors' and Chief Executive	Officers remuneration				75,557	72,789
	Auditors' remuneration (including			expenses	and
	benefits in kind)					7,000	9,150
	Operating leases					1,626	1,696
	Government grants					(32,239)	(30,156)
	Depreciation and amortisation	ofowned assets				85,101	75,524
	(Gain) / loss on sale oftangible		fixed assets			5,202	(1,800)
7	AUDITORS REMUNERATION
						2020	2019
	Fees payable to the auditor for	the audit ofthe annual				7,000	7,000
	account
	Fees payable to the auditors for		other services				2,150
8	BOARD AND KEY MANAGEMENT			PERSONNEL REMUNERATION
						2020	2019
	Amounts paid to key management			personnel		285,510	238,101

					2020	2019
The	average	number ofpersons employed		during the
year	expressed		in full time equivalents		47	44

	2020	2019
Management	6	6
Lead	5	6
Admin, finance 8 marketing	7	9
Support worker	26	23
Youth worker	4	3
Services	8	8
Relief	10	9
Total	66	64
Staff costs
Wages and salaries	1,144,605	1,066,631
Social Security costs	88,559	79,092
Pension costs	21,459	17,151
	1,254,623	1,162,874

he numb ensions	er ofemployees who received more th costs) are as follows:	an f60,000as their employee package	(excluding
		2020	2019
		Number	Number
260,001 f70,001	—270,000 —880,000
F80,001	—F90,000

10 TANGIBLE FIXEDASSETS	10 TANGIBLE FIXEDASSETS	10 TANGIBLE FIXEDASSETS
			Long	Freehold
			Leasehold	Housing
			Assets under	Properties
			construction	for Lettings	Other	Total
			E	E	E
Cost
At beginning	ofyear		442,972	2,570,618	309,567	3,323,157
Additions			3,237,499	170,103	25,008	3,432,610
Disposais				(5,202)		(5,202)
At end ofyear			3,680,471	2,735,519	334,575	6,750,565
Depreciation
At beginning	ofyear			883,094	225,379	1,108,473
Charge for year				58,286	26,815	85,101
On disposals
At end ofyear				941,380	252,194	1,193,574
Net Book Value at end ofyear			3,680,471	1,794,139	82,381	5,556,991
Net Book Value at beginning		ofyear	442,972	1,687,524	84,188	2,214,684

12	DEBTORS-ALL RECEIVABLE WITHIN ONE YEAR	DEBTORS-ALL RECEIVABLE WITHIN ONE YEAR	DEBTORS-ALL RECEIVABLE WITHIN ONE YEAR	DEBTORS-ALL RECEIVABLE WITHIN ONE YEAR
					2020	2019
					f
	Trade debtors (gross social		housing	rent arrears)	106,640	71,393
	Less: provision for doubtful		debt
	Trade debtors (other)				18,009	21,350
	Prepayments and accrued income				74,146	6,224
					198,795	98,967
13	CREDITORS - AMOUNTS	FALLING		DUE WITHIN ONE YEAR
					2020	2019f
	Bank loans and overdrafts				28,076	20,183
	Trade creditors				32,043	49,160
	Rents paid in advance
	Other tax and social security				23,367	17,583
	Accruals and deferred income				451,457	398,885
	Other creditors				21,194	14,896
	Government grants under	accruals		model	54,279	30,155
					610,416	530,862

			2020f	2019 E
Bank loans	and overdrafts		595,351	145,546
Government	grants	under accruals model	3,823,495	986,158
			4,418,846	1,131,704

		Pension
		deficit
Balance	as at 1 January 2020	102,919
Utilised	during the year
Charge	for the year	(16,740)
Balance	as at 31 December 2020	86,179

				Income 8
				expenditure
				reserve	Total
Balance	at	1 January	2020	1.449.465	1.449.465
Surplus	for	the year		805,595	805,595
Balance	at	31 December 2020		2,255,060	2,255,060

			2020	2019
Other
Within		one year	6,283	1,555
Within		two or five years	24,495
Over	5	years	1,470,000
			1,500,778	1,555

				2020	2019
					E
Surplus / (deficit) for the year				805,595	489,351
Interest payable
Interest received				(717)	(1,023)
Depreciation oftangible fixed assets				85,101	75,524
(Profit)/ loss on disposal oftangible			fixed
assets				5,202	(1,800)
(Increase) / decrease	in stock			(236)	426
(Increase) / decrease	in trade and other debtors			(99,828)	(7,601)
Increase / (decrease)	in trade and other creditors			2,908,998	275,080
Increase /(decrease)	in pension	liability		(16,740)	(16,252)
Net cash flow from operating		activities		3,687,375	813,705