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2022-03-31-accounts

Charity registration number 1070578

Company registration number 03582739 (England and Wales)

NEWCASTLE UPON TYNE Y.M.C.A.

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

NEWCASTLE UPON TYNE Y.M.C.A.

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr SNJ Kerry
Mr J Burns
Mr A English
Mr AL Gibbons
Mrs E Peacock
Mr ND Jackson
Mr T Wilson (Appointed 6 October 2021)
Mrs TM Wood (Appointed 27 October
2021)
Mr L Crowe (Appointed 6 October 2021)
Secretary Mr NP Hurst
Charity number 1070578
Company number 03582739
Registered office c/o Robson Laidler Accountants Ltd
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ
Auditor Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ
Bankers Unity Trust Bank
The Unity Trust Bank
Nine Brindley Place
Birmingham
B1 2HB

NEWCASTLE UPON TYNE Y.M.C.A.

CONTENTS

Page
Trustees' report 1 - 10
Independent auditor's report 11 - 12
Statement of financial activities 13
Balance sheet 14 - 15
Statement of cash flows 16
Notes to the financial statements 17 - 31

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Deed of Trust, the Companies Act 2006 and "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)" (effective 1 January 2019).

Objectives and activities

The objects are set in the Memorandum of Association dated 15 February 2007.

Newcastle upon Tyne Y.M.C.A has an organisational culture that is based on the heritage of the Christian values of the YMCA Movement and its services are open to all regardless of faith or culture.

Our Vision

Our Vision is of thriving and inclusive communities.

Our Mission

Our Mission is to provide the opportunities, resources and support so that the community and its young people can belong, contribute and thrive.

Our Values

The way we act at YMCA Newcastle is characterised by our values that flow from our Christian heritage. These are:

Public benefit

The trustees have taken account of the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)' when deciding how best apply the charities resources to respond to the impact of the coronavirus pandemic on the local community and its young people.

This year we have prioritised supporting the community and young people in the challenges they face in recovery from the pandemic and the rising cost of living. We have done so by providing a range of services to those with greatest need including: the provision of information, advice and guidance on a range of issues such as budgeting and finance, education, employment, housing, mental, physical and sexual health and social isolation. The provision of a range of activities to build confidence, self esteem, skills and knowledge. The provision of a range of volunteering and work placements.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance

In last year's statement we said we intended to achieve 5 objectives. These are set out below along with our progress:

1. Consolidate our charitable service provision and continue to support the community and its young people to recover from the effects of the Coronavirus pandemic

More detail is given in the next section of the report, in this period we reopened our face to face services and maintained some of our digital ones. This year 2,650 people accessed our services, that is 182 less than last year. This is partly due to the closure of our community centre in November following an arson attack.

2. Acquire additional residential investment properties

We did not acquire any new properties during the reporting period as all of our capacity was focused on reopening and maintaining services as the pandemic restrictions were lifted and after the arson attack.

3. Secure new tenants in our commercial investment properties

A new tenant has taken a 10 year FRI lease on a commercial property.

4. Working in partnership with Northumbria University and Ryder Architecture we are embarking on a 3 years research programme “designing where we live” to enable us to build suitable, affordable and sustainable social housing for our beneficiaries

The PHD researcher took post in September 2021, we have completed a number of the tasks required to set up the academic programme as well as undertaken some project definition and scoping workshop led by Ryder. We have been working with Newcastle City Council to identify a number of empty properties that could be retro fitted with advanced material as phase one of this project.

5. Working in partnership with BIOHM Ltd we intend to create a new trading subsidiary and open a new BIOMILL manufacturing facility that will employ up to 50 beneficiaries in the next 3 years

BIOHM have had to delay the scale up of the manufacturing to deal with the impact of the pandemic and the inflationary costs risks.

Charitable activities

As stated above, during this reporting period we have supported 2,650 members of the local community, 182 less than last year. Once again we have received substantial financial support from individual donors, supporters, grant making trusts and foundations and from national and local Government. We would like to take this opportunity to thank them.

This reporting period has been one of continued change and uncertainty and this continued support has enabled us to adapt our ways of working accordingly and we have maintained our focus on delivering our Mission and provided opportunities, resources and support to the local community and young people.

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Community Support

Between April and November we continued to deliver our Community Help Hub from our community centre to support families and individuals through a crisis they may be facing. In November, an arson attack on our centre led to it being closed for the remainder of the year. We relocated many of our services to Walker Parish Church hall and would like to thank them for their support and help.

During this period we supported 455 people to access our support services below, of these 149 were experiencing an immediate crisis, such as:

Youth Support

During the pandemic we developed a range of “on the road” youth support services which we have built on during this period with 282 young people accessing this service. In addition we restarted delivery of our services in our Community Centre and in other community spaces with 658 young people attending these activities, 13 of these had registered learning disabilities.

During this reporting period:

Family Support

The easing and removal of coronavirus restriction meant our parent and toddler support group was able to return from a virtual service to an in person one.

During this reporting period, 114 babies and toddlers from young families received support, this is 90 less than last year when the service was completely digital.

Older people's support

We continued to run our older people's support service after the initial funding from the National Lottery ended. We were also able to restart our in person support as the restrictions were lifted having spent the previous 12 months providing themed activity packs delivered to their care home or residence every week. 83 people attended our group support and social activities at our community centres.

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Social enterprises

Urban Mushrooms

Our social enterprise “Urban Mushrooms” relocated to a larger premises in advance of the reopening of the restaurants and food industry. The industry returned at a slow pace which we matched by scaling up our fresh mushroom growing activity. New entrants into the market and pressure on household incomes made a difficult trading year for the sales of our Grow at Home kits.

In addition to our core team of three staff we supported and employed eight young people and four volunteers.

Walker Park café

At the start of the national lockdown we closed our café to seated customers and made it a takeaway only service. We remained as a takeaway only service as the restrictions were lifted. The café was forced to close in November as the fire damage left the building unsafe for occupation. We are insured against business interruption but this does not replace the social impact we deliver from the building.

Volunteers

14 trained volunteers gave 5,208 hours of their time to enable us to deliver our services. At the national minimum wage that equates to a contribution of over £40,000.

Our Board of Trustees consist of 11 directors and 1 co opted member who have volunteered 528 hours of their time in the governance of the charity.

Trading subsidiaries

The charity invested in the acquisition of a trading subsidiary to generate “profits for purpose”. The purpose being to reinvest them back into the parent charity as unrestricted income to contribute to our core running costs. As in previous years the subsidiary has had another difficult trading year in this reporting period has been the same.

As a wholly owned subsidiary these companies will report their annual accounts independently from the charity.

Investment assets

The charity owns 27 residential properties that are rented to private tenants and we have continued to support all of our residential tenants to maintain their tenancy and to reduce arrears accrued during the pandemic. Our commercial tenancies were in a single building split over different areas, we have secured a new commercial tenant for the whole building.

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

The charity had total income of £823,890 (2021: £684,748) and total expenditure of £765,535 (2021: £783,213) which resulted in a total surplus of £58,355 (2021: £98,465 loss). Despite the surplus, it was a difficult year for the charity following the continued impact of Covid-19 and also, the closure of the Walker Park café after the arson, however the huge support from funders has ensured the charity is able to achieve the surplus. There are already promising signs in the charity for the next 12 months, so the results for 2023 are expected to continue to show improvement.

The charity earned 22.9% of its income from its own sources (rental income, interest & dividends from investments and interest from a legacy), 15.2% from charitable trading in our social enterprises and 61.9% from a wide range of sources including trusts and grant making bodies and local government funding.

YMCA Newcastle acknowledges with gratitude the support it receives from its individual donors and supporters and the following funding bodies and partners:-

Investment policy and objectives

The Memorandum and Articles of Association allows the Association to invest in such investments, securities or property as may be thought fit, the Trustees had planned to acquire additional assets with debt finance during this reporting period. They postponed this for a further year to the next reporting period so that our full focus was on supporting the beneficiaries.

The Charity's assets, both property and cash are being held to carry out its charitable objectives. The application of the Charity's funds continues to be in developing and sustaining work with the local community and young people living in deprived conditions, who may find themselves marginalised or in situations of need.

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Reserves policy

The reserves policy is kept under regular review and target levels are adjusted as assessments of risk and other factors develop or change.

Free reserves are the unrestricted funds which the charity has freely available to spend on the charity's purposes. The charity targets free reserves of between £250,000-£500,000 which is the expected level of reserves required to cover 6-12 months of unrestricted fund expenditure.

As at 31 March 2022, free reserves totalled -£224,435 (2021: -£155,385). The impact of Covid-19 and the fire at Walker Park café has had a detrimental impact on the charity's free reserves and it continues to be in deficit

The charity is hopeful that with continued funding and a full year of little Covid-19 interruption, it should have a positive impact to the charity's free reserves.

The reserves range recognises that there is likely to be an increase in the expenditure over the next 12 months due to inflationary increases.

Financial projections indicate that free reserves are expected to improve, however it is unlikely the reserves will be able to reach the charity's reserves policy levels. Despite this, the policy is a target and the charity will work towards these levels over the next few years.

Financial risk management policy

The charity’s principal financial instruments comprise cash and cash equivalents. Other financial assets and liabilities, such as trade creditors and trade debtors, arise directly from the charity’s operating activities. The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place.

The main risks associated with the charity’s financial assets and liabilities are set out below. The charity does not undertake any hedging activity.

Interest rate risk

The charity invests surplus cash in short term fixed and variable rate interest yielding deposit accounts. Therefore financial assets, liabilities, interest income and cash flows can be affected by movements in interest rates. However, the trustees do not consider there to be any significant exposure.

Price risk

There is no significant exposure to changes in the carrying value of financial liabilities.

Liquidity risk

The charity aims to mitigate liquidity risk by managing cash generated by its operations. Capital expenditure is minimal but is approved by the trustees and flexibility is maintained by retaining sufficient surplus cash in readily accessible bank accounts.

Foreign currency risk

The charity’s principal transactions are in pounds sterling, with a relatively limited number of transactions in foreign currency. The charity does not consider the risk to be of such significance to warrant any hedging activity.

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Other risks

The following risks were identified and appropriate controls put in place and monitored.

In this reporting period the Board reviewed the following policies:-

Plans for future periods

There is no change to our 5 year strategic and operation plans agreed in the 2020 reporting period.

Our Strategic Goals

Our operational plans for the next 5 years will be written to enable us to achieve our strategic goals which are:

  1. Ensure the long term financial security and sustainability of the charity in an unpredictable economic climate.

  2. Ensure that our resources deliver the maximum economic and social value and achieve our charitable objectives.

  3. Ensure that our services meet accredited quality standards.

In the next reporting period we intend to:

  1. Consolidate our charitable service provision and continue to support the community and its young people through the cost of living and fuel poverty crisis.

  2. Build or social enterprise to increase both the social and economic value it generates.

  3. Leverage the value from our unencumbered investment properties through borrowing for additional investment.

  4. Complete phase 1 of our “designing where we live” research project

  5. Working in partnership with BIOHM Ltd to complete the planning for a BIOMILL manufacturing facility that will employ up to 50 beneficiaries in the next 3 years.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity's full name is Newcastle upon Tyne Y.M.C.A.. It is a registered charity in the United Kingdom, Charity No: 1070578 and a company limited by guarantee, registered in England No: 3582739.

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr SNJ Kerry Mrs T Scott (Resigned 21 June 2022) Mr T Nisbet (Resigned 28 July 2021) Mr J Burns Mr A English Mrs J Whittel (Resigned 21 July 2022) Mr AL Gibbons Mrs S Charalambous (Resigned 6 October 2021) Mrs E Peacock Mr ND Jackson Mr T Wilson (Appointed 6 October 2021) Mrs TM Wood (Appointed 27 October 2021) Mr L Crowe (Appointed 6 October 2021)

Recruitment and appointment of new trustees

Directors may from time to time appoint new directors of the charity, whether to fill a casual vacancy or by way of addition to the Board, provided that the prescribed maximum term is not then exceeded. Directors are appointed for three years and are eligible for re-election for a further three year term.

When recruiting Directors, the Board looks for individuals with skills and experience which are of value to the YMCA and which may not be represented by existing Directors. Directors are recruited by recommendation, by personal invitation, application from volunteer websites, agencies or from young people who have previously used the services of the YMCA. Anyone wishing to become a Director is required to undergo a check with the Disclosure and Barring Service and sign a declaration that they are not debarred from holding office, they also complete an online safeguarding course.

Before being appointed, Directors are required to meet with the Chair of the Board and the Chief Executive who outline the mission, structure, governance and financial management of the organisation and explain the responsibilities of trustees/directors. New directors are encouraged to visit each YMCA project site to observe the work done by the organisation and they may become members of the advisory sub-committees.

Board of Directors

During this reporting year 10 individuals held the position of Director and 2 individuals were co opted onto the Board. There were 7 males and 5 females all of whom identify as being white British ethnicity. The youngest is 29, 7 are aged between 30 and 50, 2 are over 60 and their average age is 52

During this reporting year the Board met 7 times. The subcommittees were suspended because of the pandemic until Q4 and each met 2 times. The directors voluntarily gave approximately 528 hours of their time to govern the conduct of the charity's activities.

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Organisational structure

The charity is managed by a Board of Directors and a sub-committee structure. The Chief Executive attends meetings of the Board of Directors and the sub-committees but has no voting rights.

A scheme of delegation is in place and day to day responsibility for the provision of services rests with the Chief Executive. The Chief Executive is responsible for ensuring that the charity delivers the services agreed by the Board of Directors and ensuring adequate support and supervision of the staff team.

Officers

At the Annual General Meeting on 21st September 2021, Stephen Kerry was appointed as Chair and Neil Jackson was appointed as Treasurer, for the period to the next AGM.

Key management remuneration

None of the directors receive any remuneration for their services. Key management personnel received remuneration totalling £71,383 during the year. The pay of senior staff is kept under review by the Board of directors.

Related parties

In so far as it is complementary to the charity's objects, the charity is guided by the national YMCA guidance and local and national youth policy.

Insurance

Aston Lark Insurance Brokers were appointed as our insurance brokers.

Indemnity insurance

The Charity holds indemnity insurance cover in respect of the Directors of the Charity.

Political contributions

The Charity made no political contributions during the year.

Creditor payment policy

It is the Association's policy, in respect of all suppliers, to agree the terms of payment when entering into a transaction, to ensure that suppliers are aware of those terms of payment, and that the Association abides by them.

NEWCASTLE UPON TYNE Y.M.C.A.

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Statement of trustees' responsibilities

The trustees, who are also the directors of Newcastle Upon Tyne Y.M.C.A. for the purpose of company law, are responsible for preparing the Trustees' 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

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 charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Robson Laidler Accountants Limited be reappointed as auditor of the company will be put at a General Meeting.

The trustees' report was approved by the Board of Trustees.

Mr SNJ Kerry Trustee

26 August 2022

NEWCASTLE UPON TYNE Y.M.C.A.

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF NEWCASTLE UPON TYNE Y.M.C.A.

Opinion

We have audited the financial statements of Newcastle Upon Tyne Y.M.C.A. (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including 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 charity 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 charity’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.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

NEWCASTLE UPON TYNE Y.M.C.A.

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NEWCASTLE UPON TYNE Y.M.C.A.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity’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

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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:

The risk of material misstatement due to error or fraud has been assessed in conjunction with how internal controls may mitigate any such risk. These controls are reviewed as part of the audit by performing systems walkthroughs to ensure they are operating effectively. Other substantive testing is also performed on all material balances and therefore and instances of non-compliance should be identified or considered as insignificant.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// 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 charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Michael T Moran BA FCA (Senior Statutory Auditor) for and on behalf of Robson Laidler Accountants Limited 30 August 2022

Statutory Auditor Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ

Robson Laidler Accountants Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

NEWCASTLE UPON TYNE Y.M.C.A.

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Unrestricted Restricted **Total ** Unrestricted Restricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes £ £ £ £ £ £
Income and endowments from:
Donations and legacies 3 132,744 384,313 517,057 313,137 128,325 441,462
Charitable activities 4 102,046 - 102,046 97,663 - 97,663
Other trading activities 5 179,130 - 179,130 145,445 - 145,445
Investments 6 66 - 66 178 - 178
Other income 7 25,591 - 25,591 - - -
Total income 439,577 384,313 823,890 556,423 128,325 684,748
Expenditure on:
Raising funds 8 75,711 - 75,711 59,202 - 59,202
Charitable activities 9 438,895 243,775 682,670 378,207 205,963 584,170
Material other
expenditure 7,154 - 7,154 139,841 - 139,841
Total expenditure 521,760 243,775 765,535 577,250 205,963 783,213
Net (expenditure)/income for
the year/
Net movement in funds (82,183) 140,538 58,355 (20,827) (77,638) (98,465)
Fund balances at 1 April 2021 2,003,997 7,866 2,011,863 2,024,824 85,504 2,110,328
Fund balances at 31 March
2022 1,921,814 148,404 2,070,218 2,003,997 7,866 2,011,863

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

NEWCASTLE UPON TYNE Y.M.C.A.

BALANCE SHEET

AS AT 31 MARCH 2022

2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 13 349,791 362,924
Investment properties 14 1,735,000 1,735,000
Investments 15 20,098 20,098
2,104,889 2,118,022
Current assets
Stocks 16 5,735 -
Debtors 17 118,651 152,240
Cash at bank and in hand 157,151 203,396
281,537 355,636
Creditors: amounts falling due within
one year 18 (90,300) (199,361)
Net current assets 191,237 156,275
Total assets less current liabilities 2,296,126 2,274,297
Provisions for liabilities (225,908) (262,434)
Net assets 2,070,218 2,011,863
Income funds
Restricted funds 21 148,404 7,866
Unrestricted funds
General unrestricted funds 1,880,454 1,962,637
Revaluation reserve 41,360 41,360
1,921,814 2,003,997
2,070,218 2,011,863

The notes on pages 17 to 31 form part of these financial statements.

NEWCASTLE UPON TYNE Y.M.C.A.

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 26 August 2022

Mr SNJ Kerry

Trustee

Company registration number 03582739

NEWCASTLE UPON TYNE Y.M.C.A.

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

2022 2021
Notes £ £ £ £
Cash flows from operating activities
Cash absorbed by operations 26 (46,500) (32,735)
Investing activities
Purchase of tangible fixed assets (5,169) (23,372)
Proceeds from disposal of tangible fixed
assets 5,358 -
Proceeds from disposal of subsidiaries - 29,524
Investment income received 66 178
Net cash generated from investing
activities 255 6,330
Net cash used in financing activities - -
Net decrease in cash and cash equivalents (46,245) (26,405)
Cash and cash equivalents at beginning of year 203,396 229,801
Cash and cash equivalents at end of year 157,151 203,396

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Newcastle Upon Tyne Y.M.C.A. is a company limited by guarantee incorporated in England and Wales and also a registered charity. The registered office is c/o Robson Laidler Accountants Ltd, Fernwood House, Fernwood Road, Jesmond, Newcastle upon Tyne, NE2 1TJ.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Deed of Trust, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, . The principal accounting policies adopted are set out below.

1.2 Going concern

The financial statements have been prepared on a going concern basis on the ground that current and future sources of funding or support will be more than adequate for the charity's needs. The Trustees have considered a period of 12 months from the balance sheet date and consider no further disclosures relating to the charity's ability to continue as a going concern need to be made.

1.3 Charitable funds

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

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when 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

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Allocation and apportionment of costs

Costs are allocated between charitable activities and governance costs according to the nature of the cost.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line basis Leasehold improvements 10% reducing balance basis Fixtures and fittings 25% reducing balance basis Motor vehicles 25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

The charity opts to capitalise all fixed assets costing over £2,000. Purchases below this level are expensed to the Statement of Financial Activities in the year.

1.7 Investment properties

Investment property is shown at current market value. The aggregate surplus arising from changes in market value is recognised in the statement of financial activities.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.10 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.11 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12 Financial instruments

The charity 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.

1.13 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.14 Employee benefits

Newcastle upon Tyne Y.M.C.A. participates in a multi-employer defined benefit pension plan for employees of the Y.M.C.A. in England, Scotland and Wales, which was closed to new member's 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 the Newcastle upon Tyne Y.M.C.A., therefore the scheme is accounted for as a defined benefit contribution scheme.

As described in note 21 to the financial statements, Newcastle upon Tyne Y.M.C.A. does however, have a contractual obligation to make pension deficit payments of £37,165 pa over the period to 30 April 2029, accordingly this is shown as a liability on the Balance Sheet in these accounts.

The liability is measured at its present value and the unwinding of the discount is recognised as a finance cost in the Statement of Financial Activities.

In addition, Newcastle upon Tyne Y.M.C.A. is required to contribute £5,745 pa to the operating expenses of the Pension Plan and these costs are charged to the Statement of Financial Activities as made.

1.15 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.16 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.

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.17 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 trade discounts due.

2 Critical accounting estimates and judgements

In applying the accounting policies, the trustees consider that the judgement that has the most significant effect on the amounts recognised in the financial statements, is the interest rate used to discount the future pension deficit reduction payments. This has been set at 3.6% in line with the yield on high quality corporate bonds.

3 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Donations and gifts 3,478 - 3,478 2,758 - 2,758
Legacies receivable 64,754 - 64,754 3,378 - 3,378
Grants 64,512 384,313 448,825 307,001 128,325 435,326
132,744 384,313 517,057 313,137 128,325 441,462

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Other trading activities

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2022 2021
£ £
Rent received 179,130 145,445
6 Investments
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest receivable 66 178
7 Other income
Unrestricted Total
funds
2022 2021
£ £
Other income 25,591 -
8 Raising funds
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Trading costs
Purchases 37,004 29,418
Support costs 38,707 29,784
Trading costs 75,711 59,202
75,711 59,202

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NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10 Support costs
Support
Governance		 2022 Support
Governance		 2021
costs costs costs costs
£ £ £ £ £ £
Staff costs 68,027 - 68,027 85,096 - 85,096
Depreciation 12,944 - 12,944 27,282 - 27,282
Room hire and hire of
equipment 31,538 4,148 35,686 18,564 3,257 21,821
Rates and water 19,983 - 19,983 15,576 - 15,576
Light and heat 14,299 - 14,299 12,615 - 12,615
Cleaning, repairs and
maintenance 27,956 - 27,956 16,901 - 16,901
Building expenses 5,953 - 5,953 1,890 - 1,890
Telephone, printing,
postage and stationery 474 - 474 3,837 - 3,837
Insurance 2,125 - 2,125 11,588 - 11,588
Advertising 997 - 997 674 - 674
Sundry expenses 19,169 - 19,169 14,277 - 14,277
Conferences, hospitality
and training 1,497 - 1,497 2,250 - 2,250
Audit fees - 5,118 5,118 - 4,982 4,982
Legal and professional - 52,300 52,300 - (3,521) (3,521)
YMCA pension scheme
deficit - 18,154 18,154 - 18,222 18,222
Investors in people - - - - 13,530 13,530
Grant repayable - - - - 500 500
Bad debts - 14,319 14,319 - - -
204,962 94,039 299,001 210,550 36,970 247,520
Analysed between
Trading 38,707 - 38,707 29,784 - 29,784
Charitable activities 166,255 94,039 260,294 180,766 36,970 217,736
204,962 94,039 299,001 210,550 36,970 247,520

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

12 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Chief executive 1 1
Administration 6 5
Project staff 17 17
Total 24 23
Employment costs 2022 2021
£ £
Wages and salaries 390,693 384,605
Social security costs 24,799 24,100
Other pension costs 11,749 13,778
427,241 422,483

In addition pension payments of £54,680 (2021: £52,187) were paid to YMCA Pension Scheme, £18,154 (2021: £18,222) of which is reflected in the Statement of Financial Activities and £36,526 (2021: £33,965) of which reduces the brought forward pension liability.

The number of employees whose annual remuneration was more than £60,000 is as follows:

2022 2021
Number Number
70,001 - 80,000 1 -

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

13 Tangible fixed assets

Tangible fixed assets
Freehold land Leasehold
Fixtures and
Motor vehicles		 Total
and buildings improvements fittings
£ £ £ £ £
Cost
At 1 April 2021 395,423 2,042 41,619 32,681 471,765
Additions 5,169 - - - 5,169
Disposals - (2,042) - (7,200) (9,242)
At 31 March 2022 400,592 - 41,619 25,481 467,692
Depreciation and impairment
At 1 April 2021 66,255 2,042 19,359 21,184 108,840
Depreciation charged in the year 8,012 - 5,565 2,618 16,195
Eliminated in respect of disposals - (2,042) - (5,092) (7,134)
At 31 March 2022 74,267 - 24,924 18,710 117,901
Carrying amount
At 31 March 2022 326,325 - 16,695 6,771 349,791
At 31 March 2021 329,168 1 22,258 11,497 362,924

The freehold properties were re-valued on 31 May 2019 by R W Jackson Chartered Surveyors and Property Consultants at £275,000. All of the valuations were based on the current open market freehold value of the premises in their existing condition. Subsequent improvements amounting to £125,592 have been valued at cost.

14 Investment property

Investment property
2022
£
Fair value
At 1 April 2021 and 31 March 2022 1,735,000

The investment properties were revalued on 31 May 2019 by R W Jackson Chartered Surveyor and Property Consultants. The valuation was based on the current market open market freehold value of the premises in their existing condition. Properties acquired since this date are shown at cost, which the trustees believe represents fair value.

2022 2021
£ £
Freehold 1,735,000 1,735,000
Long leasehold - -
Short leasehold - -

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

15 Fixed asset investments
Other
investments
Cost or valuation
At 1 April 2021 & 31 March 2022 20,098
Carrying amount
At 31 March 2022 20,098
At 31 March 2021 20,098
2022 2021
Other investments comprise: Notes £ £
Investments in subsidiaries 25 20,098 20,098
16 Stocks
2022 2021
£ £
Finished goods and goods for resale 5,735 -
17 Debtors
2022 2021
Amounts falling due within one year: £ £
Trade debtors 2,525 5,118
Amounts owed by fellow group undertakings 21,286 22,946
Other debtors 3,366 494
Prepayments and accrued income 91,474 123,682
118,651 152,240

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

18 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 1,415 21,395
Other creditors 4,861 6,571
Accruals and deferred income 84,024 171,395
90,300 199,361

Accruals and deferred income includes grant income deferred at the year end amounting to £129,028 (2021: £155,170)

Provisions for liabilities 2022 2021
Notes £ £
Retirement benefit obligations 225,908 262,434
225,908 262,434

20 Employee benefit obligations

Newcastle Upon Tyne Y.M.C.A. participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of Y.M.C.As in England, Scotland and Wales. The assets of the Y.M.C.A. Pension Plan are held separately from those of Newcastle Upon Tyne Y.M.C.A. and at the year end these were invested in the Mercer Dynamic De-risking Solution, 40% matching portfolio and 60% 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.

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 Y.M.C.A. Pension Plan had a deficit of £36 million. Newcastle Upon Tyne Y.M.C.A. has been advised that it will need to make monthly contributions of £4,573 from 1 May 2021. 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 8 years commencing 1st May 2021.

In addition, Newcastle Upon Tyne Y.M.C.A. may have over time liabilities in the event of the non-payment by other participating Y.M.C.As of their share of the Y.M.C.A. Pension Plan's deficit. It is not possible currently to quantify the potential amount that Newcastle Upon Tyne Y.M.C.A. may be called upon to pay in the future.

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

21 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming
Resources		 Balance at Incoming
Resources		 Balance at
1 April 2020 resources expended 1 April 2021 resources expended 31 March 2022
£ £ £ £ £ £ £
Walker Fund 45,586 104,408 (142,128) 7,866 34,498 (34,512) 7,852
Youth
Services 845 - (845) - - - -
Youth Work 16,051 - (16,051) - 238,303 (136,072) 102,231
Urban
Mushrooms 4,362 - (4,362) - 71,512 (71,512) -
Isolation 18,660 23,918 (42,578) - - - -
Community - - - - 40,000 (1,679) 38,321
85,504 128,326 (205,964) 7,866 384,313 (243,775) 148,404

Walker Fund

This represents funds raised for youth work to be undertaken within Walker.

Youth Services

This represents funds received for other specific youth projects.

Youth Work

This represents funds received from Virgin Money, Sir James Knott Trust and John Lewis, for specific youth work projects. The funds have now ended.

Urban Mushrooms

This represents funds received which are reinvested into specific youth projects based around farming mushrooms in unused urban spaces in the city centre.

Isolation Fund

This fund comprises monies from the Lottery which are to be used in a project tackling isolation.

Community Fund

This fund comprises monies to help the community throughout COVID.

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

22 Analysis of net assets between funds
Unrestricted Restricted
Total		 Unrestricted Restricted
Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Fund balances at 31
March 2022 are
represented by:
Tangible assets
349,791		 - 349,791 362,924 - 362,924
Investment properties
1,735,000		 - 1,735,000 1,735,000 - 1,735,000
Investments
20,098		 - 20,098 20,098 - 20,098
Current assets/(liabilities)
42,833		 148,404 191,237 148,409 7,866 156,275
Provisionsand
pensions
(225,908)		 - (225,908) (262,434) - (262,434)
1,921,814 148,404 2,070,218 2,003,997 7,866 2,011,863

23 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2022 2021
£ £
Within one year 20,000 -
Between two and five years 16,667 -
36,667 -

24 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

25 Subsidiaries

Details of the charity's subsidiaries at 31 March 2022 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Espresson Mushroom England & Wales Farming mushrooms ORD A & 100.00
Company Limited ORD B

NEWCASTLE UPON TYNE Y.M.C.A.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

26 Cash generated from operations 2022 2021
£ £
Surplus/(deficit) for the year 58,355 (98,465)
Adjustments for:
Investment income recognised in statement of financial activities (66) (178)
(Gain)/loss on disposal of tangible fixed assets (3,250) 6,918
Depreciation and impairment of tangible fixed assets 16,194 20,364
Difference between pension charge and cash contributions (36,526) (33,965)
Movements in working capital:
(Increase) in stocks (5,735) -
Decrease/(increase) in debtors 33,589 (47,404)
(Decrease)/increase in creditors (109,061) 119,995
Cash absorbed by operations (46,500) (32,735)
27 Analysis of changes in net funds
The charity had no debt during the year.