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2021-12-31-accounts

PAGE
Company
information
Board report (including strategic report) 4-14
independent
atrdt ter's		 report IS-fe
Statement ofcomprehensive income 19
Balance sheet 20
Statement
ofchanges		 in reserves
Statement
ofcash flows		 22
hlotes to the financial statements 23-34
YMCA
HUMBER		 YMCA
HUMBER		 YMCA
HUMBER		 v n
OFFICERS AND PROFESSIONAL ADVISERS
YEAR ENDED 31 DECEMBER 2021
Chadly number 1058613
Company number 3241634
Homes & Communities Agency registered
housing provider number LH 4152
Directors N A Strawson
P Gallant
SGallaher
(Chairmen)
S Hunt (resigned 21/01/21)
C Rounce (resigned 29/03/21)
LLaugher (resigned 26/03/21 )
R Oxby
Bishop D Court
L Ftemrning
(appointed		 29/03/21)
C Rephen
(appointed		 26/03/21)
Rev Matthew Rodgers (appointed 26/03/21)
J Taylor (appointed 29/03/21)
Chief Executive Officer D Cook (resigned 31/05/21)
K Conway
(appointed		 CEO 07/04/22)
Key management personnel S England
A Hornsby
(resignad		 09/04/21)
SMurray
RBaty
S Rusting (resigned 30/11/21)
Registered office 21 Freeman Street
Grimsby
South Humbersids
DN32 7AB
Bankers Barclays Bank PLC
35Vtctoria Street
Grimsby
North East Lincolnshire
DN31 1DE
Auditors Forrester Boyd
26 South St.Mary's Gate
Grimsby
DN31 1LW
Solicitors Wilkin Chapman LLP
Cartergate
House
26 Chantry
Lane
Grimsby
DN31 2LJ

G G G G G G G G G G G G G
Housing
benefit dairns far Freeman
Street were submitted
snd agreed. NELC carried out a tender process
for Housing
Related
Support contracls
Our tender was successful end the revised contract began
in July
2021.
The ability to generate
income from
Team worked hard toaccess grants
were needed
more than ever during		 fundraising
was again restricted
in 2021.Despite this
to compensate
for lost income snd ta provide additional
the pandemic.
The follawing
grants were received
in		 the Leadership
services which
2021.-
Project income 2021
Active Humber E20,609 Young People Forward
Bradbury
Foundation		 f300,000 Freeman Street
CAF E48,531 Caronswrus
support
Cloth workers f75,000 Freeman Street
Corum E18,174 Young Dade Project
E Factor E1,650 Digital Boost for screens
Land Aid F57,000 For Ainslie Street
NELC Hardship
Grant		 f2,000 To support
our residents
NELC Leisure Grant F9,000 Coronavirus
support
NELC Leisure Grant f12,000 Coronevirus
support
Rotary F2,000 Freeman Street Art Room
Police 8 Cnme Commissioner E4,680 Detached
youth
work
Vsnel E500 Far Lancasier Ave
YMCA E8 W E1,000 Resident Move an Grant
YMCA E8 W F3,450 Room Sponsorship
Donations
Grime by Tips f749 Money raised to support Mental Health Projects
General Donations f810 Donations
horn the general		 public
Amazon
Smile		 E68
Every click 5128
Winsby f210
Cre8 snd CJ Design f200
Donations
for Freeman		 Street E500
ProArn p ac
Bacons Engineering		 E1.250
f500		 Corporate
partnership
Corporate
partnership		 donation
donation
Fit f
r
future

Regulater
OfSocial Housin
Metrics 2021		 Regulater
OfSocial Housin
Metrics 2021		 2020-21 2019-20
n!Ietrk 1(Efficiency) Reinvestment
%		 43%
(Investment
In properties,
existing
tk new.		 ass %%d ofthe
value oftotal properties
held)
Metdc 2(Effectivenes) New supply delivered%
(Na. of new social and non-social housing units,
acquired
or developed
iln the year as4proportion		 of
totalsadal
and nan-sooaf
housing		 units owned et
pe ried end. )
CeleA Forsocial housing units
Cate 8 Fornon-social housing
units		 0%
Metric 3(Effidency) Gee dng% 22% -te%
Metrlc4(Efficienc) EarrOA MRI interest cover% 787% 12406%
Metric 9(Economy) Headline
social housing cost per unit		 F13,298 Elt,737
Metrics(ffffciency) Operating
Margin%
CalcA Operating
Margin (cadet housing		 only) %
Cafe6 Operating
Margin (overall) %		 31%
Metric 7(Effidency) Return on capitaf Employed (RocE)%

2021 2020
E
iyotee
Turnover 2,542,181 2,570,791
Operating expenditure 2 186,345 1,760,711
Operating surplus 355,836 810,050
Gain/(loss) on disposal of property planl and
equipment (5,202)
Exceptional expendilure
Interest receivable and similar income 164 717
Surplus before tax 356,000 805,595
Exceplional Items
Taxation
Total comprehensive income for the year ooo.ooo ooo,ooo

2021 2020
0
Fixed assota
Housing proparles
si		 depreciaed cost 3 38553 5 7 82
9,3B5,501 5474 616
Other fixed assets 872,796 02 39|
10,258,377 5,556 99'I
Current assets
Stacks and work
in progress		 11 3,455 3,005
Dabiixs 12 430,542 190,'795
Cash at bank and in hand 1 678 BO I 0 730
2, 2.838 1,913,510
Creditors:
amounts		 raging duo wlkhln one year 13 ~03 6
Net eun ent assets 1,379,843
Total assets less current llabigtles 1 '1.637,220 6,760095
Less liaboitiox duo x2more than one year 14 18,996,'164) t4.419.046l
Iorovlsiona
for gabgltlas
penaanx
kabigly		 and charges 22 ~22
Totals pro2osions for liaalities and chBvgos 1129,996) l89,179)
2,011,000 2.2M.000
Capital and rwxarvoo
Income and expenditure reserve 2,611,060 2,255 0MI
2,011AI80 2.2$!.000

2021 2020
6
Cash flow from operating activities 19 1,836,919 3,687,375
Interest paid
Taxation
paid
Net cash flow from operating
activities 1,836,919 3,687,375
Cash flow from investing activities
Payments to acquire tangible fixed
assets (4,845,406) (3,432,610)
Receipts from sale oftangible fixed
assets
Interest received 717
Grants received
Net cash flow from investing
activities (4,845,242) (3,431,893)
Cashf low from financing activities
Proceeds from bank boirowtttg draw
downs 3,100,000 475,250
Repayment ofbank
Ix&mowing (76,687) (23,974)
Interest
paid		 53,139 6,422
3,076,452 457,698
Net increase I(decrease) iln cash and cash equivalents 68,129 713,180
Cash and cash equivalents at 1
January 1,610,730 897,550
Cash and cash equivalents at 31 December 1,678,859 1,610,730

Depreciation echarged
on a straight		 Depreciation echarged
on a straight		 line basis over the expected economic useful lives af the assets
at the fallowing
annual
rates the		 year after acquisition:
Housing
properties,		 houses 29k
Plant and machinery 10%
Furniture
and equipment		 33ffk
Computer
equipment		 25%
Moior vehicles 20%

2021
f
Rent receivable, excluding servioe charges 2,074,369 1,951,786
Service charges 15,673 22,311
Care leavers 176,022 140,157
Grant income 318,762 237,774
Amortised
grant income		 62,944 32,239
Other income 76.802 27,589
Social housing
aclivity expenditure		 (2,125,286) (1,387,275)
Operating
surplusl		 from social housing activities 599,286 1,030,581
Net surplus/(deficit) from social housing activities 316,387 914,871
Void losses (282.899) (115,710)
TURNOVER
The analysis
of the		 company's turnover for the period from continuing
operations		 isas
follows:
2021f 2020
f
Social housing
income (nst		 of voids) 2,380,103 2,302,146
Sale ofgoods
Rendering
of services
Facility lsttings 8.495 8.892
Donations and revenue grants 90,536 115,803
Capital grant 57.000
Government
grants		 54,711
Grant Amortisation 63,047 32,239
2,542,181 2.570.791
4 ACCONSSODATION OWNED AND IN MANAGEMENT
Units Units
at F.nd at Start
Supported
houtung		 —Let at social rent 119 118

5 INTEREST RECEIVABLE AND SIMILAR INCOME INTEREST RECEIVABLE AND SIMILAR INCOME INTEREST RECEIVABLE AND SIMILAR INCOME
2021 2020
6 6
Bank deposits 164 717
6 OPERATING SURPLUS
2021 2020
6
Operating
surplus
is stated atter		 charging:
Directors' and Chief Executive Officers remuneration 116,291 75,557
Auditors'
remuneration
(including
expenses and
benefits
in kind)
Operating
leases
Grant Amortisation
Depredation
and arnoAisation
ofowned assets
(Gain) )lass on sale oftangible
fixed assets		 8,400
2,403
(63,047)
144,020		 8,400
1,626
(32,239)
85,101
5.202
7 AUDITORS REMUNERATION
2021f 2020
6
Fees payable
to the auditor for		 the audit ofthe annual 8,400 8.400
account
Fees payable to the auditors for other services
8 BOARD AND KEY MANAGEMENT PERSONNEL REMUNERATION
2021 2020
Amounts
paid to key management		 personnel 300,009 285.510
2021 2020
Management 5 6
lead 5 5
Admin, finence 8 marketing 6 7
Support worker 31 26
Youth worker 2 4
Servrces 8 8
Relief 9 10
Total
Staffcosts
Wages and salaries 1,269,351 1,144.605
Social Security costs 98,852 88,559
Pension costs 23,919 21.459
1.392,122 1.254,623

he numb
ension's		 er
of employees
who received more th
casts) are as fogows.		 en 860,000as their employee
package		 (excluding
2021 2020
Number Number
860,001 —870,000
k70.001 - f80,000
680.001 - 590,000

10
TANGIBLE FIX		 ED ASSET S
Sisal!Ia
2Caeanlaafac		 Eaaafseattk9le
~		 ttetoala
gta~
fettttSB
E 4
At betyieeng
ofyear		 2,735.519 3,880,471 305,795 8.721.785
Transfers 13,580,471) 3,580,47'I
18,705 3,993,121 033.580 4,845,405
Dlepoa ala f275,823) f151.4341 (427,05'7)
At ene ofyear 2r478 801 7.573.592 987.941 11,140,134
At begmrtlng
ofyear		 941,380 223,414 1.184.794
Charge for year 80,895 43.185 144,020
On depoeala 1275,523) f151.434) (427,057l
At ens ofyear 725 552 30,989 115,145 881.757
aet Book Value at end ofyear 1,751,849 ,s», enes.
)tet Book Value at beginning ofyew 1,794,139 3580Arf 82.381 5,555,991

YMCA
HUMBER		 YMCA
HUMBER		 vtI C A
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31e DECEMBER 2021
11 STOCKS
2D21 2D20
6 E
Consumable
stocks		 2,238 3,985
Non consumable
stocks		 1,217
3,455 3,985
12 DEBTORS —ALL RECEIVABLE WITHIN ONE YEAR
2021 2020
6 6
Trade debtors (gross social housing rent arrears) 371,962 106,640
Less: prevision
far doubtful debt
Trade debtors (other) 15,236 18,009
Prepayments
and accrued income		 43.344 74,146
430.542 198,795
13 CREDITORS - AMOUNTS FALLING DUE trylTHIN ONE YEAR
2021 2020
8 6
Bank loans and overdrafts 1 17,936 28,076
Trade creditors 151,093 32,043
Rents paid in advance
Other tak and SaCial SeCurity 21,244 23,367
Accruals and deferred
income		 118,640 451,457
Other creditors 177,012 21.194
Government
grants
under accruals		 model 148,088 54,279
734,013 610,416
REDITORS; AMOUNTS
FALLING DUE AFTER MO		 RE THAN ONE YEAR
2020
5
Bank loans
Government		 and overdrags
grants under accruals model		 3,581,943
5,314,221
8,896,164		 595,351
3,823.495
4,418,846
Pension
deficit
Balance as el 1 January 2021 86,179
Ulilised during the year
Charge for the year (17.242)
Revaluation of Scheme 61,059
Balance as at 31 December 2021 129,996

2021 2021 2020
f f
Other
Within one year 9,603 9,547
Within
hvo or five years		 34,558 36.863
Over 5 years 1 756.800 1,764,000
1,800.903 1,810,410
r luded within the operating lease note isa250 year arrangement relating to ground rents.
9
RECONCILIATION		 OF SURPLUS TO CASH FLOW FROM OPERATING ACTIVITIES
2021f 2020f
Surplus
/ (deficit) forthe year		 356.000 805,595
Interest payable
Interest received (164) (717)
Depreciation
of tangible		 fixed assets 144,020 85,101
(Profit)/ loss on disposal oftangible fixed
assets 5.202
(Increase)
/ decrease		 in stock 530 (236)
(Increase)
/ decrease		 in trade and other debtors (231,747) (99,828)
Increase / (decrease) ln trade and other creditors 1.524.463 2,908,998
Increase
/ (decrease)		 in pension liability 43,817 (16,740)
Net cash flow from operating activftles 1 030,919 3087,375

20
Analysils
ofchan		 ge s
in net debt
Cash 1,610,730 68,129 1,678.859
Cash equivalents
Overdraft
facility nspayabte		 on demand
1.610.730 68,129 1,678,859
Loam falling due within one year (28,076) (89,860) (117.936)
Loans falling due within more than one year (595,351) (2,986.592) (3,581,943)
Finance lease obligations
TOTAL 987,303 3,008,323 - 2,021,020

Capital funding
a		 nd c ommitments
2021 2020
E
Capital expenditure thai has been contracted for but has nol been 4,669,529
provided for in the financial siatements
Capital eirpenditure that has been authorised by lhe Board but has
not yet been contracted for
4,669,529

Rs abls
After mars
Within One ta Twa ta Altsr five then TOTAL TOTAL
one year
f.'ODO		 two years
f.'DOD		 fivs years
f.'OOD		 years
f'OOD		 one year
f900		 2022
6'DDO		 2021
fXSO
As at 31 March 2022 16249.5 16249.5 64990 32499 1137465 129998
As at 31 March 2021 16,740 16,740 50220 2 4'r9 69,439 86 179