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|||||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|||||
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|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|||||||||||||
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|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)%|||||||
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||||||||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|
##
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|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%|
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##
||||||||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|
##
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##
||||||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|
##
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##
|||||||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|