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2022-12-31-accounts

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

Registered number: 03281486 (England and Wales) Charity number: 1059470

YMCA Wearside Limited

Report of the Trustees and Financial Statements

For the year ended 31 December 2022

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Contents

Page
Report of the Trustees 1 - 10
Report of the Independent Auditors 11 - 14
Statement of Financial Activities 15
Balance Sheet 16
Statement of Cash Flows 17
Notes to the financial statements 18 - 31

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Report of the Trustees For the year ended 31 December 2022

The trustees submit their annual report and the audited financial statements of YMCA Wearside Ltd (YMCA) for the year ended 31 December 2022 which are also prepared to meet the requirements for the Directors report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES

The YMCA Wearside Ltd was set up to provide accommodation for the homeless people of Sunderland and surrounding areas.

The object of the charitable company, which has been accepted as a charitable object by the Charity Commissioners, is the development of the Young Men’s Christian Association of Sunderland.

Accordingly the objects of the charitable company are;

The charitable company meets its objectives by providing a number of services, including;

Public benefit

The trustees have had regards to the Charity Commission’s guidance on their legal duty on public benefit, and are satisfied that the charitable company delivers public benefit, and due regard is paid to the guidance on public benefit whilst reviewing the charitable company’s aim and objectives and also when planning future objects and deciding what the new projects the charitable company should undertake.

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Report of the Trustees (Continued) For the year ended 31 December 2022

Volunteers

We currently have five volunteers who increase the quality of the services and programs that the charitable company provides. They are particularly beneficial to the organisation when we offer a specific kind of service or program for example, our peer education program, we would be unable to offer this particular service as we do not have the skills in-house to do so.

ACHIEVEMENTS AND PERFORMANCE

Introduction

The year 2022 was still somewhat impacted by the Covid – 19 pandemic, changes made throughout the pandemic have stayed and have become the norm as in most meetings are now carried out via teams, there is very little face to face meetings, with both external agencies and support services alike.

Numerous challenges that have impacted the Charity including the demand for our services, the cost-of-living crisis and the increasing risk of utility bills surges, thankfully our prices were capped until October 2023 in all but one of our services, which has been a blessing in these uncertain times. In this economically and demanding environment we have still succeeded in increasing our income and have offered additional funded bed spaces to unaccompanied looked after children across all sites. We continue to run the SSTS (Somewhere Safe to Stay) contract with Durham County Council, helping closing the financial year with a higher net profit from last year.

Mission Statement

YMCA Wearside provides and supports opportunities that enable young people to develop their personal and social skills, contribute positively to their communities and make informed choices, whilst engaging in the transition to responsible adulthood through our supported accommodation projects. Our work is based on the voluntary nature of the relationships we build with young people, focussing particularly in areas of higher relative social deprivation and homelessness.

Our parameters

• We work in partnership with the voluntary sector and local communities to build capacity and enable them to provide opportunities for homeless young people.

• We work with 16-35 year-old homeless people offering supported accommodation.

Our core delivery

We deliver work that enables young people to participate in the running of their provision and have their voices heard in their communities through our peer support programmes.

Supporting the development of the ‘Big Society’ by helping homeless communities to build their capacity to provide their own youth provision. We also enable to involve young people in decision-making processes, thus developing future community leaders. We also support vulnerable homeless people who are accessing specialist and targeted support.

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Report of the Trustees (Continued) For the year ended 31 December 2022

Churchview and Harvester continues to be utilised by several local authorities, both sites are mostly bed blocked, we continue to use other sites as an overflow as the demand for accommodation continues.

Chester – Le – Street secured our second contract with Durham County Council to house rough sleepers SSTS beds x 3 £86,625.00 until March 2024, we continue to receive some amazing feedback for the service we offer.

Throughout the year all accommodation sites have been audited YMCA Sunderland by British Assessment Bureau for the ISO 9001 version 2015, which passed with flying colours, recording no major or minor conformities, YMCA Harvester by Stockton Local Authority and Churchview by Surrey Local Authority, both of which passed with positive feedback.

Our Performance Story

The following table shows the numbers of homeless people we were able to accommodate during the year across the organisation and how many of these were able to move on to independent living. It also illustrates the numbers of people we were able to assist through support both in terms of family mediation and assisting people who were at risk of re-offending.

Jan 2022 to Dec
2022		 Move
ins		 Moved to
independence		 Supported
with Family
mediation		 Supported
who are at risk
of re-offending		 Supported with
seeking Asylum
Sunderland 68 26 0 21 13
Chester le street 41 14 3 18 13
Harvester 9 3 1 0 9
Churchview 18 3 0 5 10
Outreach
Sunderland		 34 9 0 9 3
Outreach
Houghton		 2 3 0 0 1
SSTS Beds June
2021		 16 2 1 12 N/A

We continue to offer the stability and support that young people need to make progress and help them to access new opportunities and experiences that inspire them to set ambitious goals for themselves. This means celebrating their successes, but also recognising that they will sometimes make mistakes and need help to get back on track. It also means supporting them to gain the skills and confidence to live independent lives, while letting them know that they have someone to call on for help if the going gets tough.

With this in mind, 110 young people have attended the Wise programme with 40 receiving support into sustained employment, 6 becoming self-employed all undertaking various training courses including CSCS courses, security training, retail qualifications, CPC driving courses to become HGV drivers etc, 51 moving from being economically inactive to accessing job search and attending interviews and including 59 moving into counselling and/or recovery to gain support with a long term view to becoming employed. The Wise programme has also been offered to 33 members of the local community offering a range of support to remove barriers to employment. During COVID we had moved most of our provision to a virtual platform with interviews and support being offered via Teams etc plus telephone calls, meeting in parks etc and this was very popular. Following this we decided to offer a hybrid style of delivery incorporating the virtual platform with one-to-one support.

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Report of the Trustees (Continued) For the year ended 31 December 2022

The lives of young homeless people in 2022

Young people become homeless for a variety of reasons, but most often a prolonged period of stress and disputes at home, majority of youth do not become homeless by choice. We know that stress in families continues to increase across the country as unemployment and reduced living standards makes life harder for everyone.

Living in Sunderland YMCA and possible obstacles we may face

Those that we work with are often on the margins of society and there can be a range of factors that contribute to them being NEET. Evidence suggests that they will have more than one barrier to face and a longer journey to employment – lack of qualifications, personal circumstances, attitudes, mental health issues, behaviours and experiences can make up one or many of the challenges they face.

Objectives and Future Plans

In recent years young people have faced many challenges as well as Covid including high levels of youth employment and rising cost of living. In response the government has introduced a range of measures to support young people including apprenticeships and employment schemes, etc, and we continue to work with local government and organisations so that those that we work with are the beneficiaries of these schemes.

The future of young people's funding will likely be shaped by a number of factors including economic conditions, government policy and demographic trends. Therefore, we will continue to apply for funding, work in partnership with other organisations including local government etc in order to attain the funding we need to operate a high-level service.

To date, we have been able to provide a targeted and high-quality services so that young people can progress and we are striving to offer education with access to work experience, information, advice and guidance. As well as our mental health support, we now offer a comprehensive well-being program including yoga, mindfulness etc so that the young people we work with develop resilience, take care of themselves and have a more positive future. We have secured funding which has meant that we have been able to offer some extra essential services including food parcel schemes, participate in the city’s Warm Spaces Project etc and continue to offer some of our services online. In addition, we have managed to secure funding to extend the service we can offer rough sleepers and further funding to provide a housing and advice drop-in. This has enabled us to expand the service we provide both internally to those we work with and also to the local communities we are situated in.

Progress on the YMCA Wearside business plan 2022-2025

2022 has been a busy year for the YMCA across all sites, due to the increase of demand to house unaccompanied young people seeking asylum, we have utilised bed spaces in YMCA Sunderland, YMCA Chester Le – Street and one outreach property. With the funds greatly received for supporting these young people we have been able to renew a lot of items that were worn and outdated, this includes furniture packages, new carpets throughout, new laptops for staff on all sites and new IT server, these small changes have made the accommodation a lot more welcoming and homely as well as making staff lives easier with faster and more up to date technology.

We are continuing to strive to maintain our housing stock which includes 109 bed spaces. One outreach property was sold by the landlord this year which decreased our housing stock by 4. We have also handed notice on Sunrise House which will be handed back to the landlord in October 2023, the property has outgrown our use. There are plans in the future to look for a property similar to the specialised schemes in the Houghton/Hetton area to help combat the continued bed blocking.

Training continues to be of a high standard for staff including specialised training for unaccompanied asylum seekers provided by local authorities.

In addition, we are now adding to the portfolio of opportunities offered to staff in regards to their personal development and this includes qualifications in trauma informed care and various safeguarding courses etc.

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Report of the Trustees (Continued) For the year ended 31 December 2022

Influencing national and local policy:

Nationally, YMCA continues to play an important role in in shaping policies and attitudes towards youth and community development. The organisation has a strong advocacy voice and works with government and other stakeholders to promote the rights and needs of young people. An example of this would be the proposed regulation of Young Peoples Supported Accommodation and YMCA Wearside took part in the YMCA’s fact-finding exercise to feed back to government in order to contribute to the shaping of this proposal.

YMCA Wearside has continued to strengthen its voice and is now involved nationally with a place on YMCA Rough Sleeping Panel, the Room Sponsor Scheme and the Changing Futures Program.

Locally we sit on the VCAS panel, the Sunderland Wellbeing Network, Sunderland Poverty Forum, the Improving Lives Forum and we have staff who are COVID Champions for the City. In addition, we have representatives at Sunderland Councils Strategic Advice Services meetings, at the Rough Sleeping Strategic Group and have regular meetings at a senior level with Sunderland Councils housing team.

Board development in 2021/22

The Board of YMCA Wearside continued their board development through 2021/22; Board members continue to be helpful throughout the year and have been involved in recent staff wage discussions on possible increases to stay in line with the Living Wage.

The trustees have reviewed budgets and considered the implications of the current cost of living crisis. These are monitored on a monthly basis and do not highlight any concerns to the charitable company’s ability to continue as a going concern.

The Board still show a very strong set of relevant professional skills. New board members are given an induction pack which includes the policies and business plan of the organisation and from the information they provide we are able to update the areas of expertise which need to be fulfilled.

Managing risks facing the YMCA

The board carefully considers risk in all areas of our work. The safety of staff and young people are maintained by formal assessment and constant work to ensure everyone is included and able to contribute ideas and concerns.

Areas of risk for 2022

The Board regularly reviews arrangements to manage and reduce risk.

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Report of the Trustees (Continued) For the year ended 31 December 2022

FINANCIAL REVIEW

Principal funding sources

The charitable company’s main sources of income are Housing Benefit, along with rent from residents and Supported Housing located at our Outreach, Sunderland, Chester le Street, Harvester and Church View sites which provides accommodation for 32, 24, 30, 7 and 8 beds respectively, with training facilities available at all sites.

Funding from the City Council:

A lot of time again has gone into working with the council over 2022 which has included attending a weekly accommodation panel meeting. This has resulted in a steady flow of referrals from the Social Services Department Together for Children. We also attend virtual teams’ meetings with Sunderland Council Strategic Advice Services, Rough sleepers Strategic Group and meetings with senior level Sunderland Council Strategic Team, VICAS Panel, Sunderland Well Being Network, Sunderland Poverty Forum and Improving Lives Forum. We will continue to seek out other funding streams to ensure the continuing future of the YMCA.

Financial review

The charitable company made a surplus of £109,793 (2021 - £177,049)

The whole of the charitable company's income has been applied to the principal activity of the charitable company.

Investment policy

The charitable company currently holds funds within two banking organisations, one being a savings account for reserves and the others being current accounts for daily business. All proceeds from the sale of Front Street mentioned above has been deposited within our Savings account for possible future investment.

Reserves policy

The trustees have decided that the charitable company hold a reserves policy whereby free reserves of £200,000 are maintained. This would provide sufficient funds to cover management, administration and support costs for a period of three to six months whilst replacement funding could be secured.

The free reserves held at the balance sheet date amounted to £570,460.

Total reserves at 31 December 2022 were £1,675,823 of which £1,148,748 relates to designated funds. Further details can be found in note 19.

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Report of the Trustees (Continued) For the year ended 31 December 2022

FUTURE PLANS

The focus over the coming year is to maintain the provision we currently have as well as actively look for premises in the Houghton/Hetton area to open a third specialised looked after scheme.

Both sites are providing invaluable support for vulnerable young people across Wearside and are not only maintained to a high standard but are homes as the images below show:

Renovation work is due to come to an end at Toward Road through Karbon Homes, this has been a long process but hopefully will come to an end soon. When this is finished, IT will start work on getting Wi-Fi access for young people in the residential area.

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Report of the Trustees (Continued) For the year ended 31 December 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Registered company number: 03281486 (England and Wales) Registered charity number: 1059470 Registered office: 2/3 Toward Road, Sunderland, SR1 2QF

Advisors

Auditors: Haines Watts North East Audit LLP, 17 Queens Lane, Newcastle upon Tyne, NE1 1RN Solicitors: Muckles LLP, Time Central, 32 Gallowgate, Newcastle upon Tyne, NE1 4BF

Bankers: HSBC, Unit 49-51, The Bridges Shopping Centre, Market Square, Sunderland, SR1 3LE Santander, 12-13 Waterloo Place, Sunderland, SR1 3HS

Directors and trustees

The directors of the charitable company are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

A Bell J Lambton W E Lundgren A Scullion J S Swan K Taylor A Lawson D Farthing J Powell J Waugh J Heron J Nixon Appointed 24 November 2022 D McCreedy Appointed 24 November 2022

Key management personnel

The key management personnel are the non-executive directors of the organisation; they are responsible for the day-to-day management of the charity’s activities:

Chief Executive Officer and Company Secretary: K Hope Finance Manager: M Bainbridge

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Report of the Trustees (Continued) For the year ended 31 December 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing documents

YMCA Wearside Limited (previously named The City of Sunderland Young Men’s Christian Association) (Limited by Guarantee), is a charitable not for profit organisation, set up to help young homeless people of Sunderland. It is governed by the provisions contained within its Memorandum and Articles of Association.

Recruitment, appointment and training of new trustees

The trustees identify gaps in the skills/knowledge of the existing board and target professions mainly through recommendations from existing members and connections through external agencies. Potential members are asked to attend a meeting as an observer then they are given a board pack which includes learning materials, history of the organisation etc, from information they provide we are able to update the areas of expertise which need to be filled. The board then agree to accept the new member which is minuted at a board meeting.

At each Annual General meeting, the Chair, Treasurer and Secretary are elected/re-elected by the Trustees and any new members have their names added at Companies House.

Organisational structure and decision making

YMCA Wearside has a board of trustees of up to 15 members who meet bi monthly and are responsible for the strategic direction and policy of the charitable company. At present the committee has 13 members from a variety of professional backgrounds relevant to the charitable company. The responsibility for the day to day running of the charitable company has been delegated to the Chief Executive Officer, Mrs K Hope.

Key management remuneration policy

The charitable company’s Trustees, consider that they, and the senior management team, comprise the key management personnel of the charitable company, in charge of controlling, running and operating the charity. All trustees give their time freely and no trustee received remuneration in the year.

The pay of the senior management team is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charitable company, the trustees benchmark against pay levels in the voluntary sector of similar organisations.

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YMCA Wearside Limited

Report of the Trustees (Continued) For the year ended 31 December 2022

STATEMENT OF DIRECTORS RESPONSIBILITIES

The trustees (who are also directors of YMCA Wearside Ltd for the purposes of company law) are responsible for preparing the Directors’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each of the trustees is aware at the time the report is approved:

23/06/23

This report was approved by the trustees on ............................. 2023 and signed on its behalf, by:

......................... J Waugh Trustee

23 June 2023

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Independent Auditors’ Report to the members of YMCA Wearside Limited For the year ended 31 December 2022

Opinion

We have audited the financial statements of YMCA Wearside Limited (the ‘charitable company’) for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Independent Auditors’ Report to the members of YMCA Wearside Limited (Continued) For the year ended 31 December 2022

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Independent Auditors’ Report to the members of YMCA Wearside Limited (Continued) For the year ended 31 December 2022

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 12, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We obtained an understanding of the legal and regulatory framework applicable to both the charitable company itself and the industry in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the directors and other management. The most significant were identified as the Charities Act 2011, the Companies Act 2006, UK GAAP (FRS102) and relevant tax legislation. We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included:

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Independent Auditors’ Report to the members of YMCA Wearside Limited (Continued) For the year ended 31 December 2022

Our audit did not identify any key audit matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of Our Report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Craig Henderson (Senior Statutory Auditor) For and on behalf of Haines Watts North East Audit LLP Statutory Auditors & Chartered Accountants

……………………………..

23 June 2023

17 Queens Lane Newcastle upon Tyne NE1 1RN

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Statement of Financial Activities (Incorporating the Income and Expenditure Account) For the year ended 31 December 2022

Unrestricted Designated Restricted
Total
Total
funds
funds
funds
2022
2021
Notes £
£
£
£
£
Income from:
Donations 4 2,620
-
-
2,620
28,477
Charitable activities 5
- Grants and contracts 6 52,766
-
44,924
97,690
115,994
- Rents and support 1,794,132
-
-		 1,794,132
1,528,881
Investment income 7 130
-
-
130
-
Other trading activities 8 20,344
-
-
20,344
6,165
Other income 9 14,358
-
-
14,358
6,030
_
_
_		 _
_
Total income 1,884,350
-
44,924		 1,929,274
1,685,547
_
_
_		 _
_
Expenditure on:
Charitable activities 10 1,744,383
27,624
47,474		 1,819,481
1,508,498
_
_
_		 _
_
Total expenditure 1,744,383
27,624
47,474		 1,819,481
1,508,498
_
_
_		 _
_
Net movement before transfers 139,967
( 27,624 )
( 2,550 )
109,793		 177,049
Transfers between funds 19 ( 156,857 )
156,857
-
-
-
_
_
_		 _
_
Net movement in funds ( 16,890 )
129,233
( 2,550 )
109,793
177,049
Reconciliation of funds
Total funds brought forward 543,965
1,019,515
2,550		 1,566,030
1,388,981
_
_
_		 _
_
Total funds carried forward 527,075
1,148,748
-		 1,675,823
1,566,030
_ _ _ _ _

The results for the year derive from continuing activities and there are no gains or losses other than those shown above.

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DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Balance Sheet As at 31 December 2022

2022 2021
Notes £
£
£
£
Fixed assets
Tangible assets 15 1,074,259
1,091,951
Current assets
Debtors 16 308,859 423,967
Cash at bank and in hand 548,537 324,299
_
_
857,396 748,266
Liabilities
Creditors: amounts falling due
within one year 17 ( 179,217 )
( 162,998 )
_
_
Net current assets 678,179 585,268
_
_
Total assets less current liabilities 1,752,438
1,677,219
Creditors: falling due after more
than one year: 18
Pension Liability 21 ( 76,615 )
( 78,476 )
Keyfund Loan - ( 3,333 )
Karbon Home Loan -
( 29,380 )
_
_
Total net assets 1,675,823
1,566,030
_ _
The funds of the charity
Unrestricted funds 527,075 543,965
Designated funds 1,148,748
1,019,515
_
_
Restricted funds - 2,550
_
_
19 1,675,823
1,566,030
_ _

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

23/06/23

The financial statements were approved by the Board of Trustees on .................................................. 2023 and were signed on its behalf by:

................................................ J Waugh - Trustee

23 June 2023 The notes on pages 18 to 31 form part of these financial statements.

16

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Statement of Cash Flows

For the year ended 31 December 2022

2022
2021
Notes £
£
Cash flows from operating activities:
Cash generated from operations 24 307,546
148,938
Interest paid ( 4,241 )
( 9,090 )
_ _
Net cash provided by (used in) operating activities 303,305
139,848
_ _
Cash flows from investing activities:
Purchase of tangible fixed assets ( 23,584 )
( 8,780 )
Interest received 130
-
Proceeds of sale of fixed assets -
120,000
_ _
Net cash provided by (used in) investing activities ( 23,454 )
111,220
_ _
Cash flows from financing activities:
Loan repayments in year ( 55,613 ) ( 29,380 )
_ _
Net cash provided by (used in) financing activities ( 55,613 ) ( 29,380 )
_ _
Change in cash and cash equivalents in the year 224,238 221,688
Cash and cash equivalents at the beginning of the year 324,299
102,611
_ _
Cash and cash equivalents at the end of the year 548,537
324,299
_ _
Cash and cash equivalents consist of:
Cash at bank and in hand 548,537
324,299
_ _

17

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements for the year ended 31 December 2022

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

YMCA Wearside Limited meets the definition of a public benefit under FRS 102. The financial statements are prepared under the historical cost convention or transaction value unless otherwise stated in the relevant accounting policy note(s). The financial statements are prepared in Sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Going concern

The financial statements have been prepared on a going concern basis. The trustees have reviewed and considered relevant information, including the annual budgets in making their assessment. Based on these assessments, the increased level of demand for the services and the additional funding available the trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

1.3 Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds can only be used for particular restricted purposes specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.4 Income

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions and is recognised as earned. Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with reasonable certainty. Income received to deliver services over a specific period covering more than one financial year is accounted for over the specific period; related expenditure is accounted when incurred.

18

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements (Continued) for the year ended 31 December 2022

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing.

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

Interest receivable on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank.

1.5 Expenditure and irrecoverable VAT

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is possible that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged against the cost against the expenditure was incurred.

1.6 Allocation and apportionment of costs

Support costs are those functions which assist the work of the charity but do not directly undertake charitable activities. Support costs include office costs, finance, personnel, payroll and governance costs which support the charity’s programmes and activities.

1.7 Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% straight line Equipment - 33% on reducing balance Furniture & Fittings - 33% on reducing balance

1.8 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments which are instantly accessible from the opening of the deposit or similar account.

19

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements (Continued) for the year ended 31 December 2022

1.10 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

1.11 Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.12 Pension costs and other post-retirement benefits

YMCA Wearside participated in a multi-employer defined benefit pension plan for employees of YMCAs in England, Scotland and Wales, which was closed to new members and accruals on 30 April 2007. The plan’s actuary has advised that it is not possible to separately identify the assets and liabilities relating to YMCA Wearside for the purposes of FRS 102 disclosure.

As described in note 21 YMCA Wearside has a contractual obligation to make pension deficit payments of £9,816 pa over the period to April 2029, accordingly this is shown as a liability in note 22 to these accounts. In addition, YMCA Wearside is required to contribute £2,194 pa to the operating expenses of the Pension Plan and these costs are charged to the Statement of Financial Activities as made.

1.13 Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

2. Legal status

YMCA Wearside Limited is a company limited by guarantee, registered in England and Wales, (No 03281486) and not having a share capital. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2.1 Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The trustees consider that there are no significant estimates and judgements required in preparing the financial statements.

20

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements (Continued) for the year ended 31 December 2022

3. Statement of Financial Activities for the prior year

Unrestricted Designated Restricted
Total
Total
funds
funds		 funds
2021
2020
As restated
Notes £
£		 £
£
£
Income from:
Donations 4 28,477
-		 -
28,477
46,696
Charitable activities
- Grants and contracts 6 15,059
-		 100,935
115,994
147,546
- Rents and support 1,528,881
-		 - 1,528,881
1,417,220
Investment income 7 -
-		 -
-
6
Other trading activities 8 6,165
-		 -
6,165
-
Other income 9 6,030
-		 -
6,030
5,977
_
_		 _ _
_
Total income 1,584,612
-		 100,935 1,685,547
1,617,445
_
_		 _ _
_
Expenditure on:
Charitable activities 10 1,377,427
29,687		 101,384 1,508,498
1,537,735
_
_		 _ _
_
Total expenditure 1,377,427
29,687		 101,384 1,508,498
1,537,735
_
_		 _ _
_
Net movement before transfers 207,185
( 29,687 )		 ( 449 ) 177,049 79,710
Transfers between funds 19 86,367
( 86,367 )		 -
-
-
_
_		 _ _
_
Net movement in funds 293,552
( 116,054 )		 ( 449 )
177,049
79,710
Reconciliation of funds
Total funds brought forward 250,413
1,135,569		 2,999 1,388,981
1,309,271
_
_		 _ _
_
Total funds carried forward 543,965
1,019,515		 2,550 1,566,030
1,388,981
_ _ _ _ _
4.
Donations and legacies
2022
2021
£
£
Donations 2,620
394
Government grants -
28,083
_ _
2,620
28,477

The government grants relates to claims made to the Coronavirus Job Retention Scheme.

21

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements (Continued) for the year ended 31 December 2022

5. Income from charitable activities by activity

5. Income from charitable activities by activity
2022
2021
£
£
Housing and support 1,731,358 1,478,700
Outreach 160,464
166,175
_ _
1,891,822 1,644,875
_ _
6. Grants and contracts
2022
2021
£
£
Grants 95,320
109,514
Contracts 2,370
-
_ _
97,690
109,514
_ _
Grants
Ise group 44,924
42,225
National Council YMCA -
900
Community Fund - 1,000
Other - 900
Homeless Link Fund -
21,190
Nationwide Charitable Trust -
34,020
Sir John Priestman -
2,200
Arnold Clark -
1,000
Screwfix -
3,500
Mark Vincent Grant (DWP)
 - 2,579
Ocado 1,000
-
The Neighbourly 500
-
DWP 3,896
-
Gateshead Council Community Renewal 45,000
-
_ _
95,320
109,514
_ _

22

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements (Continued) for the year ended 31 December 2022

7. Investment income

All of the charitable company’s investment income arises from money held in interest bearing deposit accounts.

8. Trading income

Trading income
2022
2021
£
£
Other trading income 20,344
6,165
_ _
Other income
2022
2021
£
£
Other income 14,358
6,030
_ _
Charitable activities expenditure
2022
2022
£
£
Housing and support 1,317,827 1,165,190
Training 58,084
16,573
Outreach 208,440
159,199
Support costs 235,130
167,536
_ _
1,819,481 1,508,498
_ _
Support costs
£
Staff and related costs 194,607
Travel and subsistence 1,869
Insurance 1,185
Professional fees 9,750
Computer costs 9,031
Office costs 11,988
Governance costs (below) 6,700
_
235,130
_
Governance costs
2022
2021
£
£
Audit fee 6,700
5,950
_ _

9. Other income

10. Charitable activities expenditure

11. Support costs

23

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements (Continued) for the year ended 31 December 2022

12. Auditors remuneration

Audit fees 2022
£
6,700
 2021
£
5,950

13. Net income/(expenditure)

Depreciation – owned assets
Profit on disposal of fixed asset		 2022
£
41,275
-
 2021
£
39,829
4,000

14. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

personnel
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Chief Executive
Core Staff		 2022
£
845,065
62,690
17,646
_
925,401
_
2022
No.
1
39
 2021
£
686,551
53,824
13,477
_
753,852
_
2021
No.
1
34

There were no employees who received total employee benefits (excluding employer pension costs) of more than £60,000.

The charity trustees were not paid or received any other benefits from employment in the year (2022 - £nil) neither were they reimbursed expenses during the year (2022 - £nil). No charity trustee received payment for professional or other services supplied to the charity (2022 - £nil).

The key management personnel of the charity comprise the trustees, Chief Executive Officer and Finance Manager. The total employee benefits of the key management personnel of the charity were £90,056 (2021£85,821).

24

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements (Continued) for the year ended 31 December 2022

15. Tangible fixed assets

15. Tangible fixed assets
Furniture,
Freehold
fittings &
Property equipment
Total
£
£
£
Cost
At 1 January 2022 1,381,724
256,619		 1,638,343
Additions 4,576
19,008
23,584
Disposals -
( 23,640 )
( 23,640 )
_
_		 _
At 31 December 2022 1,386,300
251,987		 1,638,287
_
_		 _
Depreciation
At 1 January 2022 318,802
227,591
546,393
Charge for year 27,624
13,651
41,275
Eliminated on disposal -
( 23,640 )		 ( 23,640 )
_
_		 _
At 31 December 2022 346,426
217,602
564,028
_
_		 _
Net book value
At 31 December 2022 1,039,874
34,385		 1,074,259
_ _ _
At 31 December 2021 1,062,922
29,029		 1,091,951
_ _ _
16. Debtors
2022
2021
£
£
Trade debtors 156,568
69,322
Other debtors 122,445
311,954
Prepayments and accrued income 29,846
42,691
_ _
308,859
423,967
_ _

Debtors is stated net of a provision of £156,474 (2021: nil). 17. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors 50,365
27,455
Social security and other taxes 16,040
16,942
Other creditors 62,489
49,165
Accrued expenses 39,195
35,408
Other loans 11,128
34,028
_ _
179,217
162,998

25

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements (Continued) for the year ended 31 December 2022

18. Creditors: amounts falling due after more than one year

2022
2021
£
£
Other loans -
32,713
Pension liability 76,615
78,476
_ _
76,615
111,189
_ _
Statement of funds
For the year ended 31 December 2022
At At
1 Jan 31 Dec
2022
Income		 Expenditure Transfers
2022
£
£
£
£
£
Unrestricted fund
General fund 543,965 1,884,350 ( 1,744,383 ) ( 156,857 )
647,075
Designated fund
Capital fund 1,019,515
-		 ( 27,624 )
36,857		 1,028,748
Supported accommodation investment fund -
-
-
120,000
120,000
_ _ _ _ _
Total unrestricted funds 1,563,480 1,884,350 ( 1,772,007 )
-		 1,675,823
_ _ _ _ _
Restricted funds
Community fund 1,000
-
(1,000 )
-
-
Screwfix 1,550
-
( 1,550 )
-
-
Wise Group -
44,924
( 44,924 )
-
-
_ _ _ _ _
Total restricted funds 2,550
44,924		 ( 47,474 )
-
-
_ _ _ _ _
Total funds 1,556,030 1,929,274 ( 1,819,481 )
-		 1,675,823
_ _ _ _ _

19. Statement of funds

Transfers

The transfers relate to spend on capital assets, restrictions lift once the purchase is made.

26

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the financial statements (Continued) for the year ended 31 December 2022

19. Statement of funds (continued) For the year ended 31 December 2021

At At
1 Jan 31 Dec
2021
Income Expenditure Transfers
2021
£
£
£		 £
£
Unrestricted fund
General fund 250,413 1,584,612 ( 1,377,427 )
86,367		 543,965
Designated fund
Capital fund 1,135,569
- ( 29,687 )		 ( 86,367 ) 1,019,515
_ _ _ _ _
Total unrestricted funds 1,385,982 1,584,612 ( 1,407,114 ) - 1,563,480
_ _ _ _ _
Restricted funds
Homeless Link Fund -
21,190 ( 21,190 )		 -
Nationwide -
34,020 ( 34,020 )		 -
Wise Group -
42,225 ( 42,225 )		 -
Screwfix -
3,500
( 1,950 )		 1,550
Community Fund 2,999
-
( 1,999 )		 1,000
_ _ _ _ _
Total restricted funds 2,999
100,935 ( 101,384 )		 -
2,550
_ _ _ _ _
Total funds 1,388,981 1,685,547 ( 1,508,498 ) - 1,566,030
_ _ _ _ _

Designated fund

The capital fund equals the net book value of the properties less the Karbon Homes loan.

Supported accommodation investment fund – for a potential new property for supported accommodation.

Restricted funds

Wise Group – for 18 years over to encourage Employment and lifestyle changes and improvements for overcoming barriers to such. Using citizens advice, council advise and training agencies to encourage success.

Community Fund – To provide food to young people during the Covid-19 pandemic.

Screwfix – For Common Room refurbishment at Toward Road

Homeless Link Fund – Provision of beds for young people with a permanent home

27

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the Financial Statements (Continued) for the year ended 31 December 2022

20. Analysis of net assets by fund

For the year ended 31 December 2022

For the year ended 31 December 2022
Unrestricted Restricted
funds
funds
Total
£
£
£
Fixed assets 1,074,259
-		 1,074,259
Net current assets 678,179
-
678,179
Creditors: amounts falling due after more than one year ( 76,615 )
-		 ( 76,615 )
_ _ _

1,675,823
-		 1,675,823
_ _ _

For the year ended 31 December 2021

For the year ended 31 December 2021
Unrestricted Restricted
funds
funds
Total
£
£
£
Fixed assets 1,091,951
-		 1,091,951
Net current assets 582,718
2,550
585,268
Creditors: amounts falling due after more than one year ( 111,189 )
-		 ( 111,189 )
_ _ _

1,563,480
2,550		 1,566,030
_ _ _

21. Pensions

Defined benefit scheme

YMCA Wearside participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCAs in England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of YMCA Wearside and at the year end these were invested in the Mercer Dynamic De-risking Solution, 63% matching portfolio and 37% in the growth portfolio and Schroder (property units only).

The most recent completed three year valuation was as at 1 May 2020. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets held before and after retirement of 2.59% and 1.09% respectively, the increase in pensions in payment of 2.99% (for RPI capped at 5% p.a.), and the average life expectancy from normal retirement age (of 65) for a current male pensioner of 22.0 years, female 24.4 years, and 23.7 years for a male pensioner, female 26.1 years, retiring in 20 years time. The result of the valuation showed that the actuarial value of the assets was £146.1m. This represented 79% of the benefits that had accrued to members.

28

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Notes to the Financial Statements (Continued) for the year ended 31 December 2022

The Pension Plan was closed to new members and future service accrual with effect from 30 April 2007. With the removal of the salary linkage for benefits all employed deferred members became deferred members as from 1 May 2011.

The valuation prepared as at 1 May 2020 showed that the YMCA Pension Plan had a deficit of £39 million. YMCA Wearside has been advised that it will need to make monthly contributions of £1,001 from 1 May 2022. This amount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual performance of the Pension Plan. The current recovery period is 7 years commencing 1 May 2022.

In addition, YMCA Wearside may have over time liabilities in the event of the non-payment by other participating YMCAs of their share of the YMCA Pension Plan’s deficit. It is not possible currently to quantify the potential amount that YMCA Wearside may be called upon to pay in the future.

Pension Scheme – Defined contribution

Pension contributions payable for the year ended 31 December 2022 amounted to £17,465 (2021 - £17,036).

22. Related party transactions

A Scullion, a trustee, is also a director of Scullion Electrical Services from which YMCA Wearside purchased supplies on an arm’s length basis totalling £nil (2021 - £304).

J Waugh, a trustee, is also a director of Waugh Architects from which YMCA Wearside used its professional services on an arm’s length basis totalling £nil (2021 - £nil)

J Powell, a trustee, is also a director of I90 Limited from which YMCA Wearside purchased supplies on an arm’s length basis totalling £8,093 (2021 - £7,242)

Properties are rented from J & T Simpson who is connected to the Chief Executive Officer, rents of £52,218 (2021 - £52,218) were paid during the year. Formal agreements are in place that are on an arm’s length basis.

29

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Detailed statement of financial activities for the year ended 31 December 2022

23. Reconciliation of net income/(expenditure) to net cash flow from operating activities

Net income/(expenditure) for the period
Adjustments for:
Profit on disposal of tangible assets
Depreciation charges
Interest received
Interest paid
(Increase)/decrease in debtors
Increase/(decrease) in creditors due less than 1 year
Increase/(decrease) in creditors due more than 1 year
Net cash provided by (used in) operating activities		 2022
£
109,793

-

41,275
( 130 )
4,241
115,108
39,120
( 1,861 )
_
307,546
 2021
£
177,049
( 4,000 )
39,829

-
9,090
( 84,061 )
20,892
( 9,861 )
_
148,938

24. Analysis of changes in net debt

At 1 Jan
2022
£
Long term borrowings
( 32,713 )
Short term borrowings
( 34,028 )
_
Total liabilities
( 66,741 )
Cash and cash equivalents
324,299
_
257,558
 Cash At 31 Dec
flows
2022
£
£
32,713
-
22,900 ( 11,128 )
_ _
55,613 ( 11,128 )
224,238
548,537
_ _
279,851
537,409

30

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Detailed Statement of Financial Activities (Continued) for the year ended 31 December 2022

2022 2021
£ £
INCOME
Donations
Donations 2,620 394
Investment income
Interest received 130 -
Charitable activities
Rents and support 1,794,132 1,528,881
Grants
Morrison’s - 900
Community Foundation - 1,000
Wise Group 44,924 42,225
Nationwide Charitable Trust - 34,020
Sir John Priestman - 2,200
Arnold Clark - 1,000
Screwfix - 3,500
Homeless Link Fund - 21,190
Other - 9,959
Ocado 1,000 -
The Neighbourly 500 -
DWP 3,896 -
Gateshead Council Community Renewal 45,000 -
Sunderland City Council 2,370 -
Other income
Sundry 14,358 6,030
Trading income 20,344 6,165
_ _
Total incoming resources 1,929,274 1,657,464

This page does not form part of the statutory financial statements

31

DocuSign Envelope ID: CEE9B39F-E78D-442B-87C2-FA5C291255E6

YMCA Wearside Limited

Detailed Statement of Financial Activities (Continued) for the year ended 31 December 2022

2022 2021
EXPENDITURE
Wages 925,401 847,241
Travel and subsistence 5,077 2,717
Direct costs 12,711 11,686
Premises costs 472,140 426,346
Insurance 20,937 20,105
Light and heat 72,219 72,468
Telephone 5,486 2,121
Postage and stationery 76 508
Sundries - 173
Repairs and renewals 29,841 32,005
Computer expenses 17,643 17,285
Cleaning costs 4,289 659
Professional fees 18,569 22,705
Bad debts 5,921 -
Depreciation 41,275 41,299
Bank charges and interest 800 388
Interest payable 3,916 9,090
Affiliation fees 26,706 1,702
Karbon Homes provision 156,474 -
_ _
Total resources expended 1,819,481 1,508,498
_ _
Net income/(expenditure) 109,793 148,966
Exceptional income
Coronavirus Job Retention Scheme claims - 28,083
_ _
Net movement in funds 109,793 177,049
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