2020-12-31-accounts - YMCA Wearside Ltd

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Contents
			Page
Report of	the Trustees		1 - 12
Report of	the Independent	Auditors	13-16
Statement	of Financial Activities
Balance Shee1			18
Statement	of Cash Flows
Notes to the financial statements			20- 32

					Total	Total
			Unrestricted	Restricted	funds	funds
			funds	funds	2020	2019
		Notes	F		f	f
Income from:
Donations			46,696		46,696	5,156
Charitable activities
—Grants and contracts			66,779	80,767	147,546	260,513
- Rents and support			1,417,220		1,417,220	1,247,989
Investment income			6		6	165
Other income			5,977		5,977	5,062
Total income			1,536,678	80,767	1,617,445	1,518,885
Expenditure on:
Charitable activities			1,476,101	69,332	1,545,433	1,469,204
Total expenditure			1,476,101	69,332	1,545,433	1,469,204
hlet income/(expenditure)
before transfers			60,577	11,435	72,012	49,681
Transfers		19	8,436	( 8,436 )
Net movement			69,013	2,999	72,012	49,681
Reconciliation offunds
Total funds brought	forward		1,309,271		1,309,271	1,259,590
Total funds carried forward			1,378,284	2,999	1,381,283	1,309,271

				2020		2019
		Notes		5		5
Fixed assets
Tangible assets		15		1,239,000		1,219,931
Current assets
Debtors		16	339,906		305,122
Cash at bank and in hand			102,611		83,184
			442,517		388,306
Liabilities
Creditors: amounts	falling due
within one year		17	( 137,458 )		(130,241 )
Net current assets				305,059		258,065
Total assets less current liabilities				1,544,059		1,477,996
Creditors: falling due after more
than one year		18		( 162,776 )		( 168,725 )
Total net assets				1,381,283		1,309,271
The funds ofthe charity
Unrestricted funds				242,715		226,865
Designated funds				1,135,569		1,082,406
				1,378,284		1,309,271
Restricted funds				2,999
		19		1,381,283		1,309,271

				2020	2019
			Notes		6
Cash flows from operating	activities:
Cash generated from operations			23	12&150	86,013
Interest paid				(10,885 )	(9,861 )
Net cash provided by (used in) operating			activities	117,265	76,152
Cash flows from investing	activities:
Purchase of tangible fixed assets				(70,930 )	(170,869 )
Interest received				6	165
Net cash provided by (used in) investing			activities	(70,924 )	(170,704 )
Cash flows from financing	activities:
Loan repayments in year				( 26,914 )	( 24,712 )
Net cash provided by (used in) financing			activities	( 26,914 )	( 24,712 )
Change in cash and cash	equivalents	in	the year	19,427	( 119,264 )
Cash and cash equivalents	at the beginning		ofthe year	83,184	202,448
Cash and cash equivalents	at the end	of	the year	102,611	83,184
Cash and cash equivalents	consist of:
Cash at bank and in hand				102,611	83,184

					Total	Total
			Unrestricted	Restricted	funds	funds
			funds	funds	2019	2018
		Notes	E	E	E	6
Income from:
Donations			5,156		5,156	160,658
Charitable actianties
—Grants and contracts			101,574	158,939	260,513	203,350
- Rents and support			1,247,989		1,247,989	1,253,686
Investment income			165		165	327
Other income			5,062		5,062	627,548
Total income			1,359,946	158,939	1,518,885	2,245,569
Expenditure an:
Charitable actisnties			1,380,728	88,476	1,469,204	1,539,529
Total expenditure			1,380,728	88,476	1,469,204	1,539,529
Net income/(expenditure)
before transfem			( 20,782 )	70,463	49,681	706,040
Transfers		19	70,463	( 70,463 )
Net movement			49,681		49,681	706,040
Reconciliation offunds
Total funds brought	forward		1,259,590		1,259,590	553,550
Total funds carried forward			1,309,271		1,309,271	1,259,590
Donations and legacies
					2020	2019
						F
Donations					4,489	5,156
Donations in kind					31,680
Government grants					10,527
					46,696	5,156

4.	Donations and legacies Donations Donations in kind Government grants

5.	Income from	Income from	Income from	charitable	activities
						2020	2019
	Housing and			support		1,296,786	1,147,950
	Training					12,138	141,257
	Outreach					255,842	219,295
						'I,564,766	1,508,502
6.	Grants and		contracts
						2020	2019
						5
	Grants					146,543	162,939
	Contracts					1,003	97,574
						147,546	260,513
	Grants
	LandAid					21,930	50,000
	Virgin Money			Foundation		8,436	49,036
	Wise Group					38,501	37,403
	The Vardy	Foundation					20,000
	Morrison's	Faundatlan				9,440
	Fencehouses			YMCA		3,638
	The Percy Bilton Charity						5,000
	YMCA Discretionary						1,500
	Community	Foundation				7,400
	County Durham Community				Foundation	4,500
	Coranavirus		support grants			45,000
	Other					7,698
						146,543	162,939

2020	2019
6	E
5,977	5,062

Charitabl	e a	ctivities expenditure
			Direct	Support	2020	2019
			costs	costs	Total	Total
			6	6		6
Housing	and	support	1,131,074	118,886	1,249,960	1,089,419
Training			84,045	1,113	85,158	181,249
Outreach			186,860	23,455	210,315	198,536
			1,401,979	143,454	1,545,433	1,469,204
Support	costs
Staff and	related costs					103,262
Travel and subsistence						713
Insurance						2,856
Professional		fees				4,41 5
Computer	costs					12,213
Office costs						12,927
Governance		costs (note 11)				7,068
						143,454
Governance		costs
					2020	2019
					6	6
Audit fee					7,068	6,900

							2D20	2019
								f
	Audit fees						7,068	6,900
12.	Net income/(expenditure)
							2020	2019
								f
	Depreciation	—owned	assets				51,425	49,972
	Loss on disposal offixed asset						436
13.	Analysis of	staff costs, trustee remuneration				and expenses,	and the cost of key management
	personnel
							2D20	2019
								f
	Wages and salaries						787,209	750,975
	Social security costs						59,441	58,364
	Other pension costs						15,903	12,867
							862,553	822,206
	The average	monthly	number	of employees	dunng the year was		as follows:
							2020	2019
							No.	No.
	Chief Executive						1	1
	Core Staff						40	40

15.	Tangible fixed assets
				Furniture,
			Freehold	fittings &
			Property	equipment	Total
			E		E
	Cost
	At 1 January 2020		1,445,207	314,744	1,759,951
	Additions		61,147	9,783	70,930
	Disposals			( 75,381 )	( 75,381 )
	At 31 December 2020		1,506,354	249,146	1,755,500
	Depreciation
	At 1 January 2020		263,099	276,921	540,020
	Charge for year		34,899	16,526	51,425
	Eliminated on disposal			( 74,945 )	( 74,945 )
	At 31 December 2020		297,998	218,502	516,500
	Net book value
	At 31 December 2020		1,208,356	30,644	1,239,000
	At 31 December 2019		'),182,108	37,823	1,219,931
16.	Debtors
				2020	2019
				f
	Trade debtors			31,594	40,381
	Other debtors			280,300	240,842
	Prepayments			28,012	23,899
				339,906	305,122
17.	Creditors: amounts	falling due within one year
				2020	2019
	Trade creditors			20,334	47,479
	Social security and other taxes			14,747	13,553
	Other creditors			16,438	16,463
	Accrued expenses			36,559	25,832
	Otherloans			49,380	26,914
				137,458	130,241

Creditors:	amounts falling due after more tha	n one year
					2020	2019
					F	5
Other loans					66,741	72,788
Pension liability					96,035	95,937
					162,776	168,725
Amounts falling due in more than five years:
Repayable	by instalments:
Other loans	more 5years by instalments
Statement	of funds
For the aar ended 31December2020
		At				At
		1 Jan				31 Dec
		202D 6	Income 6	Expenditure f	Transfers	202D 6
Unrestricted fund
General fund		226,865	1,536,678	(1,441,202 )	( 79,626 )	242,715
Designated	fund
Capital fund		1,082,406		( 34,899 )	88,062	1,135,569
Totat unrestri cted funds		1,309,271	1,536,678	( 1,476,101 )	8,436	1,378,284
Restricted	funds
Wise Group			38,501	( 38,501 )
Virgin Money Foundation			8,436		( 8,436 )
LandAid			21,930	( 21,930 )
Community	Fund		11,900	( 8,901 )	-	2,999
Totai restricfed funds			80,767	( 69,332 )	( 8,436 )	2,999
Total funds		1,309,271	1,617,445	( 1,545,433 )		1,381,283

Statement o	ffunds (oentinuedl	ffunds (oentinuedl
Forthe ear	ended 31December 2019
			At				At
			1Jan				31 Dec
			2019	Income	Expenditure	Transfers	2019
				E	E	E	E
Unrestricted	fund
General fund			321,964	1,359,946	( 1,353,343)	(101,702 )	226,865
Designated	fund
Capital fund			937,626		( 27,385 )	172,165	1,082,406
Total unrestricted		funds	1,259,590	1,359,946	( 1,380,728 )	70,463	1,309,271
Restricted funds
Wise Group				37,403	( 39,440 )	2,037
The Percy Bilton Charity				5,000		( 5,000 )
Silksworth revenue costs				49,036	(49,036 )
Silksworth capital costs				67,500		(67,500 )
Total restri cted funds				158,939	( 88,476 )	( 70,463 )
Total funds			1,259,590	1,518,885	( 1,469,204 )		1,309,271

Forthe ear ended	31December 2020
		Unrestricted	Restricted
		funds	funds	Total
		6	K
Fixed assets		1,239,000		1,239,000
Net current assets		308,107	2,999	311,106
Creditors: amounts	falling due after more than one year	( 168,823 )		( 168,823 )
		1,378,284	2,999	1,381,283

Forthe ear ended	31December 2019
		Unrestricted	Restricted
		funds	funds	Total
		E		F
Fixed assets		1,219,931		1,219,931
Net current assets		258,065		258,065
Creditors: amounts	falling due after more than one year	( 168,725 )		(168,725 )
		1,309,271		1,309,271

							2020	2019
							F	6
	Net income/(expenditure)			for the pediod			72,012	49,681
	Adjustments for:
	Depreciation charges						51,425	49,972
	Loss on disposal of	fixed assets					436
	Interest received						(6)	(165	)
	Interest paid						10,885	9,861
	(Increase)/decrease	in debtors					( 34,784 )	(26,261	)
	Increase/(decrease)		m creditors				28,182	2,925
	Net cash provided	by (used in) operating			activities		128,150	86,013
24	Analysis ofchanges		in net debt
						At 1Jan	Cash	At31 Dec
						2020	flows	2020
							F		6
	Long term borrowings					( 72,788 )	6,047	( 66,741 )
	Short term borrowings					( 26,914 )	(22,466 )	(49,380 )
	Total liabilities					( 99,702 )	( 16,419 )	( 116,121 )
	Cash and cash equivalents					83,184	19,427	102,611
						(16,518 )	3,008	(13,510)

			2020	2019
INCOME
Donations
Donations			4,489	5,156
Donations in kind			31,680
Investment income
Interest received				165
Charitable activities
Rents and support			1,417,220	1,247,989
Grants (excluding		Covid-19 grants)
Community Foundation			7,400
CDCF			4,500
Mordison's			9,440
Wise Group			38,501	37,403
Virgin Money Foundation			8,436	49,036
The Vardy Foundation				20,000
Percy Bilton				5,000
National Council		of YMCA's	1,500	1,500
LandAid			21,930	47,500
Other			9,836
Contracts			1,003	100,074
Other income
Sundry			5,977	5,062
Total incoming	resources		1,561,918	1,518,885

			2020	2019
			6	6
EXPENDITURE
Wages			870,773	816,906
Recruitment and training costs				696
Travel and subsistence			3,945	6,687
Direct costs			21,871	16,000
Premises costs			414,425	401,158
Insurance			19,709	20,140
Light and heat			85,969	61,004
Telephone			4,830	5,726
Postage and stationery			3,967	7,010
Sundries			45	805
Repairs and renewals			27,724	37,957
Computer expenses			19,312	18,471
Cleaning costs
Professional fees			7,136	14,274
Bad debts			269	375
Depreciation			51,425	49,950
Loss on sale oftangible fixed assets			437
Bank charges and interest			600	482
Interest payable			11,294	9,861
Affiliation fees			1,702	1,702
Total resources expended			1,545,433	1,469,204
Net incomei(expenditure)	excluding	Covid-19 support	16,485	49,681
Exceptional income
Grant income from Covid-19 funds			45,000
Coronavirus Job Retention	Scheme claims		10,527
Net movement in funds			72,012	49,681