Yn¢A Here for young people Here for communities Here for you YMCA PLYMOUTH Report and Accounts Year ended 31st March 2023 ## |Trustee's
annual
report (incorporating|Trustee's
annual
report (incorporating|the|director's|report)|| |---|---|---|---|---|---| |Independent
auditor's
report to|the members||||| |Statement
of financial
activities|(including||income and||| |expenditure
account)|||||| |Statement
of financial
position|||||20| |Statement
of cash flows|||||| |Notes to the fInancial statements|||||22| |REFERENCE|AND ADMINISTRATIVE
DETAILS OF THE COMPANY,|AND ADMINISTRATIVE
DETAILS OF THE COMPANY,|AND ADMINISTRATIVE
DETAILS OF THE COMPANY,|AND ADMINISTRATIVE
DETAILS OF THE COMPANY,|AND ADMINISTRATIVE
DETAILS OF THE COMPANY,|rl'S TRUSTEES AND ADVISERS| |---|---|---|---|---|---|---| |FOR THE YEAR ENDED||31 MARCH 2023||||| |Chief Executive||||||| |Officer||Tom Lavls||||| |Trustees||||||| |||Vic Hibbert,
Chair||||| |||Graeme
Charles|||Catling|| |||Tom Buttrlss||||| |||Arash
Dinari||||| |||Jo Greenwood||||| |||Helen
Mary Hart||||| |||. Annette
Marie|Stone|||| |||jeremy Robert||Sleet||| |||Rev Lawrence|Braschl|||| |||Dean Anthony||Bennett||| |Company|secretary|Marlella
Azzopardi||||| |Company
registered|number|03426094||||| |Charity registered
number||1066919||||| |Registered|offic|Honlcknowle|Lane|||| |||Plymouth||||| |||Devon||||| |||PLS 3NG||||| |Independent||Westcotts (SW)|||LLP|| |auditors||||||| |Bankers||HSBC Bank Pic||||| |||4 Old Town Street||||| |||City Centre||||| |||Plymouth||||| |||PL1 1DD||||| |Solicitors||Wolferstans||||| |||60-66 North|Hill|||| |||Plymouth
PL4||SEP||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2023|2023||2022| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total|Total| |||Note|funds
E|funds
f|funds
f|funds|funds| |Income and|||||||| |endowments|||||||| |Donations
and|||||||| |legacies
Charitable
activities
Investment
income||5
6
7|1,031,060
1,364,770
272|57,854||1,088,914
1,364,770
272|493,398
1,145,531
224| |Other income||8|||||4,000| |Total income|||2,396,102|57,854||2,453,956|1,643,153| |Expenditure|||||||| |Expenditure
on|raising funds:||||||| |Costs of raising|||||||| |donations|and||||||| |legacies||9|16,242|||16,242|21,436| |Expenditure
on|||||||| |charitable|||||||| |activities||10,11|1,544,812|56,249|72,518|1,673,579|1,560,848| |Total expenditure|||1,561,054|56,249|72,518|1,689,821|1,582,284| |Net losses on|||||||| |investments||12|156|||156|| |Net income|||834,892|1,605|(72,518)|763,979|60,869| |Transfers
between||funds|(116,614)|27,675|88,939||| |Net movement|ln|funds|718,278|29,280|16,421|763,979|60,869| |Reconciliation|of|funds|||||| |Total funds brought|||||||| |forward|||(549,689)|(162,971)|2,521,886|1,809,226|1,7481357| |Total funds carried|||||||| |forward|||168,589|(133,691)|2,538,307|2,573,205|1,809,226| ## ||||2023|2022| |---|---|---|---|---| |||Note|E|(restatedg
f| |Fixed assets
Tangible fixed assets
Investments||18
19|3,066,774
4,153|2,892,685
4,309| ||||3,070,927|2,896,994| |Current assets
Stocks
Debtors
Cash at bank and in hand||20
21
22|500
50,339
25,476|750
73/838
4,038| ||||76,315|78,626| |Creditors: amounts|falling due within one year|23|255,143|710,997| |Net current
liabilities|||178,828|632,371| |Total assets less current liabilities|||2,892,099|2,264,623| |Creditors: amounts
year|falling due after more than|one
24|318,894|455,397| |Net assets|||2,573,205|1,809,226| |Funds oftHe charity
Endowment
funds
Restricted
funds
Unrestricted
funds|||2,538,307 2,521,886
(133,691) (162,971)
168,589
(549,689)|| |Total charity funds||28|2,573,205|1,809,226| ## ||||2023|2022| |---|---|---|---|---| |||||(restated)| |||Note||E| |Cash flows from operating
activities||||| |Net income|||763,707|60,869| |Adjustments
for:||||| |Depreciation
oftangible
fixed assets
Investment
Income|||169,740
156|111,192
(224)| |Changesin:||||| |Stocks|||250|90| |Trade and other debtors|||23,499|65,594| |Trade and other creditors
Accrued expenses and deferred
income|||(300,757)
(20,672)|153,171
(215,295)| |Net cash from operating
activities|||635,923|175,397| |Cash flows from investing
activities||||| |Interest receivable
and similar income|||272|224| |Purchase oftangible assets|||(343,829)|(907,409)| |Net cash used
in investing
activities|||(343,557)|(907,185)| |Cash flows from financing
activities||||| |Repayment
of loans and borrowings
Payments
offinance lease liabilities|||(125,626)
(56/518)|(100,921)
202/012| |Net cash (used in)/from
financing
activities|||(182,144)|101,091| |Net (decrease)/increase
in cash and cash equivalents
Cash and cash equivalents
at beginning
ofyear|||110,222
4,038|(630,697)
535,646| |Cash and cash equivalents
at end ofyear||22|15,171|(95,051)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |exceeding
Donations|E1to
and|wards the
legacies|assets ofthe|charity
in the even|t of liquidati|on.| |---|---|---|---|---|---|---| |||||||Total| |||||Unrestricted|Restricted|Funds| |||||Funds|Funds|2023| |Donations||||||| |Donations|from|individuals||14,740||14,740| |Legacies||||||| |Legacies||||921,915||921,915| |Gifts||||||| |Gift aid reclaimed||||2,461||2,461| |Grants||||||| |Other grants
Coronavirus
job||Retention|Scheme|91,944|57,854|149,798| |Covid assistance||grants||||| |||||1,031,060|57,854|1,088,914| |Donations||||||| |Donations|from individuals|||16,951||16,951| |Legacies||||||| |Legacies||||||| |Gifts||||||| |Gift aid reclaimed||||3,125||3,125| |Grants||||||| |Other grants||||342,049||342,049| |Coronavirus|Job|Retention|Scheme|89,415||89,415| |Covid assistance||grants||41,858||41,858| |||||493,398||493,398| ## ## |Charitable
activities||||| |---|---|---|---|---| |||Total||Tota I| ||Unrestricted|Funds|Unrestricted|Funds| ||Funds|2023|Funds|2022| ||E|E|E|| |Facilities
Sports
Courses
Rental income
Catering
income
Memberships
Other income
Grant income|442,838
105,584
633,653
81,069
1,421
16,901
51,655
31,649|442,838
105,584
633,653
81,069
1,421
16,901
51,655
31,649|265,796
77,688
644,837
69,614
3,637
15,292
35,563
33,104|265,796
77,688
644,837
69,614
3I637
15,292
35,563
33,104| ||1,364,770|1,364,770|1,145,531|1,145,531| ## |Investment
income||||| |---|---|---|---|---| |||Total||Total| ||Unrestricted|Funds|Unrestricted|Funds| ||Funds|2023|Funds|2022| ||E||E|6| |Interest receivable|272|272|224|224| |Other income||||| |||Total||Total| ||Unrestricted|Funds|Unrestricted|Funds| ||Funds|2023|Funds|2022| ||E|E|E|E| |Gain on disposal of tangible||||| |fixed assets held for charity's
own use|||4,000|4,000| ## ## |Costs of|raising donation|s
and legacies|||| |---|---|---|---|---|---| ||||Total||Total| |||Unrestricted|Funds|Unrestricted|Funds| |||Funds|2023|Funds|2022| |||E||E|E| |Marketing|and publicity|15,702|15,702|14,898|14,898| |Allocated|support costs|||738|738| |Staff costs||540|540|5,800|5,800| |||16,242|16,242|21,436|21,436| ## |Expenditu|re
on charitab|le
activities by fu|nd type|||| |---|---|---|---|---|---|---| |||||||Total| |||Unrestricted|Restricted Endowment|||Funds| |||Funds|Funds|Funds||2023| |||E|E|E||f| |Charitable
activities
Support costs||1,514,294
30,518|56,249|72,518||1,643,061
30,518| |||1,544,812|56,249|72,518||1,673,579| |||Unrestricted|Restricted Endowment||Total Funds|| |||Funds|Funds|Funds||2022| ||||||Prestated)|| |||E|E|E||E| |Charitable
activities
Support costs||1,440,776
27,502|33,538|59,032||1,533,346
27,502| |||1,468,278|33,538|59,032||1,560,848| ## ## |Expenditure
on ch|aritable|activities
by acti|vity type||| |---|---|---|---|---|---| |||Activities||Total|| |||undertaken
directly|Support
costs|funds
2023|Total fund
2022| |||E|E|E|E| |Staff costs
Depreciation
Premises costs
Lease costs
Subscriptions||1,032,324
169,740
146,551
29,256
24,980||1,032,324
169,740
146,551
29,256
24,980|989,293
111,192
119,952
54,905
25,853| |Telephone,
printing
stationery
Irrecoverable
VAT
Programme
costs
Banking costs
Pension deficit costs
Other costs
Governance
costs|and|10,914
31,824
91,135
33,632
22,310
50,395|30,518|10,914
31,824
91,135
33,632
22,310
50,395
30,518|22,043
30,610
71,373
41,614
53,700
19,746
20,567| |||1,643,061|30,518|1,673,579|1,560,848| ## |12.Net losses o|n invest|men|ts|||||| |---|---|---|---|---|---|---|---|---| ||||||Total|||| |||||Unrestricted|Funds|Unrestricted|Total Funds|| |||||Funds|2023|Funds||2022| |||||||||(restated)| ||||||E|E||E| |Gains/(losses)
investments|on listed|||(156)|(156)|||| |13.Analysis of|governance||costs|||||| |||||Unrestricted||Total||Total| ||||||funds|Funds||Funds| |||||||2023||2022| ||||||6|E||6| |Audit ofthe
Legal fees|financial|statements|||7,500
23,018|7,500
23,018||8,000
12,567| ||||||30,518|30,518||20,567| ## |14.Net income|14.Net income|14.Net income||| |---|---|---|---|---| |Net income is stated after charging/(crediting):||||| ||||2023|2022| ||||E|| |Depreciation
oftangible
fixed
Gains on disposal oftangible||assets
fixed assets|169,740|111,192| |Auditors
remuneration|||7,500|(4,000)
8,000| |15.Staff costs||||| ||||2023|2022| |||||6| |Wages and salaries|||933,714|869,630| |Social security costs|||76,719|65,655| |Pension costs
Other staff costs|||21,891
34,564|19,303
40,505| ||||1,068,143|995,093| ## ## ## |||||2023|2022| |---|---|---|---|---|---| |||||E|E| |Audit|ofthe|financial|statements|7,500|8,000| ## |Tangible fixed|assets|||||| |---|---|---|---|---|---|---| ||Freehold
property|Long
leasehold
property
6|Fixtures,
fittings 5
equipment|Motor
vehicles|Computer
equipment
6|Total
f| |Cost
At 1 Apr 2022
Additions|3,462,090
269,137|42,046
4,595|677,527
69,249|67,800|101,995
846|4,351,458
343,827| |At
31Mar 2023|3,731,227|46,641|746,776|67,800|102,841|4,695,285| |Depreciation
At 1 Apr 2022|940,202|42,046|313,813|67,800|94,910|1,458,771| |Charge for the
year|76,714|744|86,747||5,535|169,740| |At
31Mar 2023|1/016,916|42,790|400,560|67,800|100,445|1,628,511| |Carrying||||||| |amount||||||| |At
31Mar 2023|2,714,311|3,851|346,216||2,396|3,066,774| |At 31 Mar 2022|2,521,S87|—|363,713||7/085|2,892,685| ## |Investments|| |---|---| ||Other| ||investments| ||(restated)
f| |Cost or valuation|| |At 1 April 2022|4,309| |Additions|| |Gains/(Losses)
in investment|(156)| |At 31March 2023|4,153| |Impairment
At 1April 2022 and 31March 2023|| |Carrying
amount
At 31March 2023|4,153| |At 31 March 2022|4,309| |All investments|shown
above are held at valuati|on.|| |---|---|---|---| |20.Stocks|||| |||2023|2022| |||f|E| |Raw materials|and consumables|500|750| |21.Debtors|||| |||2023|2022| |||f|E| |Trade debtors||46,581|53,355| |Prepayments|and accrued income|3,758|18,334| |Other debtors|||2,149| |||50,339|73,838| ## |Cash and cash equivalen|ts||| |---|---|---|---| |Cash and cash equivalents|comprise the following:|2023|2022| ||||(restated)| |||E|E| |Cash at bank and
in hand
Bank overdrafts||25,476
(10,305)|4,038
(99,089)| |||15,171|(95,051)| |Creditors: amounts
falling due within one year|||| |||2023|2022| |||E|E| |Bank loans and overdrafts
Trade creditors
Accruals and deferred
income
Social security and other taxes
Pension scheme creditor||18,539
26,053
65,612
33,747
27,343|232,949
57,485
86,284
16,434
26,547| |Obligations
under finance
contracts
Other creditors
Other loans|leases and hire purchase|44,997
21,292
17,560|56,128
7,349
227,821| |||255,143|710,997| ## ## ## ## |Creditors:|amounts
falling due after more than on|e year|| |---|---|---|---| |||2023|2022| |Obligations|under finance leases and hire purchase||| |contracts||121,245|166,632| |Pension scheme creditor||131,875|138,036| |Other loans||65,774|150,729| |||318,894|455,397| ## |Operating|Operating|lease com|mitments||||| |---|---|---|---|---|---|---|---| |Total future||minimum|lease payments|under|non-cancellable|operating|leases are as| |follows:|||||||| |||||||2023|2022| |||||||E|E| |Within|one year|||||16,246|12,794| |Between one and five|||years|||29,188|42,688| |||||||45,434|55,482| ## ||||2023|2022| |---|---|---|---|---| ||||E|E| |At 1 April 2022|||75,967|293,504| |Amount|released|to income|(75,967)|(293,504)| |Amount|deferred|in year|35,433|75,967| |At 31|March 2023||35,433|75,967| ## ## ## ## ## |Unrestricted
fun|ds|||||| |---|---|---|---|---|---|---| |1|At
Apr 2022
E|Income
f|Expenditure
E|Transfers
E|Gains and
At
losses 31Mar 2023
E
f|| |General funds|(549,689)2,396,102||(1,561,054)|(116,614)|(156)|168,589| ||At||||Gains and|At| |1|Apr 2021
f|Income
E|Expenditure
E|Transfers
E|losses
E|31 Mar 2022| |General funds|(156,082)|1,643,153|(1,489,714)|(547,046)|—|(549,689)| |Restricted funds
1|At
Apr 2022
E|Income
E|Expenditure|Transfers
f|Gains and
At
losses 31Mar 2023
E|| |Petroc
Pension
Fund
Kickstarter|1,613
(164,584)|6,206|(1,613)
(22,309)
(6,206)|27,675||(159,218)| |Outside
Classroom
Football grants||1,000
31,146|(1,000)
(10,892)|||20,254| |Climbing
grants||4,367|(4,367)|||| |Xmas
Household||9,000|(8,164)|||836| |Fund||||||| |Capital(Ocean
play & Solar||4,455|(18)|||4,437| |Panels)
Ys Group||1,680|(1,680)|||| ||(162,971)|57,854|(56,249)|27,675||(133,691)| ## ## |Endowment
f|unds|||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||1Apr|At
2022
E|Income||Expenditure
Transfers
E
E||Gains and
losses 31
E|||At
Mar 2023
E| |Permanent||||||||||| |Endowment
Fund|2,521,886||||(72,518)
88,939|||||2,538,307| ||1Apr|At
2021
E|Income
E||Expenditure
Transfers
E
E|||Gains and
losses
E|At
31 Mar 2022
E|| |Permanent||||||||||| |Endowment
Fund|2,033,872||||(59,032)
547,046|||—||2,521,886| |Analysis of net assets between||||funds||||||| |||||Unrestricted||Restricted|Endowment||Total Funds|| ||||||Funds|Funds||Funds||2023| ||||||E|E||E||E| |Tangible
fixed assets
Investments
Current assets
Creditors less than
1 year
Creditors greater than 1 year|||||506,232
4,153
73,023
(227,800)
(187,019)|22,235
3,292
(27,343)
(131(875)||2,538,307||3,066,774
4,153
76,315
(255,143)
(318,894)| |Net assets|||||168,589|(133,691)||2,538,307||2,573,205| |||||Unrestricted||Restricted||Endowment||Total Funds| ||||||Funds|Funds||Funds||2022| ||||||E|E||||E| |Tangible
fixed assets
Investments
Current assets
Creditors
less than 1year
Creditors greater than 1 year|||||370,799
4,309
77,013
(684,449)
(317,361)|1,613
(26,548)
(138,036)||2,521,886||2,892,685
4,309
78,626
(710,997)
(455,397)| |Net assets|||||(549,689)|(162,971)||2,521,886||1,809,226| ## ## ## ## ## ## ## ##