2022-03-31-accounts - YMCA Cornwall

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Contents
				1 to 9
Trustees Report
Reference and Administrative			Details
				10
Statement	of Trustees'	Responsibilities
				11to 14
Independent	Auditors'	Report		15to16
Statement	of Financial	Activities
				17to 18
Balance Sheet
				19
Statement	ofCash Flows
				20 to 39
Notes to the Financial		Statements

Trustees Report	Trustees Report
Reference and		Administrative Details
Chief Executive Officer				David Hall-Davies
Trustees				Derek Tilby (Chair)
				Penny Mama
				Hudson Smith
				Chris Seamarks (Treasurer)
				lan Hurst
				Nicola l-lemsley
				Christopher Weavill
				David Leah (appointed	25/11/2021)
Secretary				David Hall-Davies
Charity Registration		Number		1073674
Company	Registration		Number	03684583
Principal	Office			The Orchard Alveiton Road
				Penzance
				Cornwall
				TR184TE
Auditor				PKF Francis Clark Statutory Auditor
				Loviin House
				Tregolls Road
				TI'ui'0
				Comwall
				TR1 2NA
Solicitors:				Coodes Solicitors 49-50 Morrab Road
				Penzance
				Comwall
				TR18 4EX
Bankers				CAF Bank Limited 25 Kings Hill Avenue
				Kings Hill
				West Mailing
				Kent
				ME194JQ

			Unrestricted	Restricted	Total
		Note	funds f	fundsf	2022
income and Endowments	from:
Donations and legacies Charitable activities Other trading activities Investment income			5,569 807,384 21,617 38	105,857	5,569 913,241 21,617 38
Totalincome Expenditure on:			834,608	105,857	940,465
Raising funds Charitable activities Total expenditure Net income		7	(19,117) ~497,707 ~55I766,, l5tt4t5t 317,790	18,979 ~86,878 ~86,878	336,769 (19,117) ~584,579 ~603,696
Net movement in funds Reconciliation offunds			317,790	18,979	336,769
Total funds brought forward Total funds carried forward		20	234,264 552,054	221,289 240,268	455,553 792,322

Recognised Gains	a	nd Los	ses)	ses)
Comparative Statement	of	Financial	for Note Activities		the year ended Unrestricted funds	31 March 2021 Restricted fundsf	Total 2021f
Income and Endowments Donations and legacies Charitable activities		from:			21,850 748,769 53	133,479	21,850 882,248 53
Investment income					770,672	133,479	904,151
Total income
Expenditure on: Charitable activities					(734,493 734,493	118,051 118,051	852,544 852,544
Total expenditure					36,179	15,428	51,607
Net income Net movement in funds					36,179	15,428	51,607
Reconciliation offunds Total funds brought forward Total funds camed forward				20	198,085 234,264	205,861 221,289	403,946 455,553

							Note	2022f	2021f
Fixed assets
Tangible assets							11	507,562	520,319
Current assets
Stocks Debtors Investments Cash at bank and	in	hand					12 13 14 15	1,322 66,850 230 423,448	926 22,423 220 122,341
Creditors: Amounts		falling due		within one year			16	491,850 ~III,946	145,910 ~776.060
Net current assets								379,904	67,850
Total assets less 0 dtt: 9	current t I III		liabilities 9 d It		t6	9	17	887,466 ~96.t44	588,169 ~732,676
Net assets								792,322	455,553
Funds ofthe charity:
Restricted
Unrestricted								240,268	221,289
								552,054	234,264
Total funds							20	792,322	455,553

Statement ofCash	Flows for the	Year E	nded 31	March 2022
			Note	2022	2021f
Cash flows from operating	activities
Net cash income
				336,769	51,607
Adjustments to cash flows	from non-cash	items
Depreciation Investment income				57,689	52,088
Profit on disposal oftangible	fixed assets			(38) ~678.394	(53)
				(283,974)	103,642
Working capital adjustments
(Increase)/decrease in stocks (Increase)/decrease in debtors Increase/(decrease) in creditors Decrease in deferred income			12 13 16 17	(396) (44,427) 30,840	1,774 18,348 (30,065) ~2597
Net cash flows from operating	activities			~297,957	93,440
Cash flows from investing activities
Interest receivable and similar income Purchase oftangible fixed assets Sale oftangible fixed assets Purchase of investments			6 11	38 (45,735) 679,197 ~78	53 (44,414)
Net cash flows from investing activities Cash flows from financing activities				633,490	(44,361)
Repayment ofloans and borrowings			16	~34.426	~34.782
Net increase in cash and cash	equivalents			301,107	14,897
Cash and cash equivalents at	1 April			122,341	107,444
Cash and cash equivalents at	31 March			423,448	122,341

3	Income	from donations	and legacies
				Unrestricted
				funds	Total
					funds
Donations		and legacies;		5,569	5,569
	Donations			5,569	5,569
Total for		2022		21,850	21,850
Total for		2021
4	Income from charitable		activities

Income from charitable activities
	Unrestricted funds f	Restricted fundsf	Total fundsf
Grant income Housing support services Rent Other services	17,667 547,109 216,040 26,568 807,384	105,857 105,857	123,524 547,109 216,040 26,568 913,241
Total for 2022	748,769	133,479	882,248
Total for 2021

		Unrestricted
		funds	Total
Trading	income;		fundsf
Cafe	income	21,617	21,617
Total for 2022		21,617	21,617
Tota Ifor 2021

		Unrestricted
		funds	Total
Investment	income	f 38	fundsf 38
Tota I for	2022	38	38
Total for 2021		53	53

7 Expenditure on charitable activities Expended in pursuance of charitable objects	Activity undertaken directly 6 581,384 587,898	Activity support costsf 3,195 264,646	Total expendituref 584,579 852,544
Total for 2021

Analysis ofexpe	nditure on charitable activities
		Total funds	Total funds
		2022	2021f
Direct Costs
Payroll costs Other staff costs		510,882	472,211
Supplies		4,081	2,977
Outings, activities Security cover Motor and travel	and welfare	3,730 57,264	9,070 15,831 62,489
Housing bursary scheme Consultancy		5,184 243	3,020 1,047 21,253
		587,383	587,898
Support Costs
Depreciation Rent & rates		57,690	52,087
Water		5,344	1,592
Light and heat Communications		12,563 28,613	10,248 22,327
Office supplies Audit fees		9,976 25,190	9,772 21,111
Legal & professional Affiliation 8 memberships Insurance		6,888 25,634 2,892	6,817 20,088 2,583
Irrecoverable VAT		8,909	7,767
Sundry expenses Repairs 8 maintenance Cleaning &refuse Finance costs		41,043 1,844 68,691 12,753	25,165 4,641 50,491 13,863
Bad debts		12,562	14,319
Profft/loss on disposal offixed assets Head office re-charge		(1,775) (339,197) 23,575	1,775
		3,195	264,646

8 Net incomingioutgoing	resources
Net incoming resources for	the year include:	2022f	2021
Audit fees Other non-audit services Profit on disposal of tangible	fixed assets	4,000 2,888 (339,197) 57,689	4,000 2,817 52,087
Depreciation offixed assets

10Staff costs
The aggregate	payroll costs were as follows;	2022f	2021
Wages and salaries Social security costs		462,510 27,637 20,735	423,951 29,514 18,746
Pension costs		510,882	472,211

e av	erage	num	ber of persons employed by the charit	y duding the year was as follows:
				2022	2021
Management		and	administration	No	No
Housing Airplay	services Youth		and support	7 18	8 18
				1
				26	26

11Tangible fixed	assets
	Freehold propertyf	Fixtures and fittings f.	Motor vehiclesf	Off(ce equipmentf	Total
Cost
At 1 April 2021 Additions Disposals At 31 March 2022	810,601 36,221 ~2,679 844,143	47,444 1,565 ~I7,000 32,009	15,828 15,828	24,064 7,949 32,013	897,937 45,735 ~19,679 923,993
Depreciation
At 1 April 2021 Charge for the	302,571	43,321	15,828	15,898	377,618
year Eliminated on disposals At 31 March 2022	49,342 350,037 ~1,876	1,074 27,395 ~17,000	15,828	7,273 23,171	57,689 ~78,876 416,431
Net book value
At 31 March 2022	494,106	4,614		8,842	507,562
At 31 March 2021	508,030	4,123		8,166	520,319
12 Stock
				2022	2021
Stocks
				1,322	926

13Debtors	2022	2021f
Trade debtors Prepayments Accrued income	2,853 16,927 37,070 10,000	3,053 7,047 7,998 4,325
Other debtors	66,850	22,423
14 Current asset investments	2022f	2021 f.
	230	220
Unlisted investments
15Cash and cash equivalents	2022f	2021f
Cash on hand	13,962 409,486	1,223 121,118
Cash at bank	423,448	122,341

							2022		2021
Trade creditors Otherloans							34,716		10,355
Other taxation VAT liability Other creditors	and social security						37,540 11,478 (485)		34,494 7,479
Accruals							828		6,039
Deferred income							13,980 13,889		5,804 13,889
							111,946		78,060
Creditors due within one year includes charity:				the following	liabilities,	on which	security has been		given by the
							2022		2021
Other loans							F 25,575		23,807
Deferred income at 1 April 2021 Resources deferred in the period Amounts released from previous		periods				2022 f 13,889 13,889 ~43,889		2021 14,148 13,889 ~44, 148
Deferred income	at year end						13,889		13,889
Deferred income 2022.	comprises grants		and	other funding	received	relating	to the period	after 31 March

2022.	comp	ses grants and other funding received	relating to the period aft	er 31 March
			2022	2021
Deferred income (by grant)
Lloyds Bank	Foundation		13,889	13,889
Total deferred	income		13,889	13,889
17Creditors:	amounts	falling due after one year
Other loans			2022f 95,144	2021f 132,616

	Balance at 1 April 2021f	Incoming resources	Resources expended f	Balance at 31 March 2022 F
Unrestricted funds
General
General unrestricted funds Designated	178,759	834,608	(515,785)	497,582
Major repairs fund Project development fund Total unrestricted funds	49,423 6,082 55,505 234264	83466ll	(1,033) ~t,633 ~576876	48,390 6,082 54,472 652654
Restricted funds
Capital fund Homeless Link Coffee shop refurbishment Housing and resettlement	136,465 1,870 2,627		(623)	136,465 1,247 2,627
support service Refurbishment ofhostel Appletree House	1,770 6,401		(4,263)	1,770 2,138
refurbishment Comwail Independent Poverty	5,609		(2,156)	3,453
bursaries Tesco Bags for Life Morris House conversion Lloyds Bank Foundation core	1,986 1,297 25,022		(685) (1,875)	1,986 612 23,147
grant Big Lottery Funding CCF Emergency Fund B&Q Foundation Other restricted funds Bertrice Laing Trust Vicar's relief fund Streetsmart - Resident	7,007 14,246 2,108 5,000 9,881	33,333 10,626 2,000 1,000	(32,546) (375) (8,854) (21) (1,000)	7,794 14,246 2,108 4,625 11,653 1,979
Activities
Ludgvan Church - Resident		3,000		3,000
Activities
Land Aid		350 23,750	(8,479)	350 15,271

Notesto the Financial	Notesto the Financial	Statements for t	he Year En	ded 31 Marc	h 2022
Shekhinah -Welcome packs Rotary Club		Balance at 1 April 2021f	Incoming resourcesf 195 5,000 900	Resources expended f. (298)	Balance at 31 March 2022 195 4,702 900
SW Trust Fund
Y-Housing Apple tree			25,703	25,703
refurbishment Total restricted	funds	224, 289	705,857	~86878	240.268
		455553	940465	~603696	792322
Total funds

		Balance at 1 April 2020f	Incoming resourcesf	Resources expended f	Balance at 31 March 2021 f
Unrestricted funds
General
General unrestricted funds		141,547	770,672	(733,460)	178,759
Designated
Major repairs fund Project development fund		50,456 6,082 56,538		(1,033) ~7,033	49,423 6,082 55,505
Total unrestricted funds		196,1185	770,672	~734,493	234,264
Restricted
Capital fund Homeless Link Coffee shop refurbishment Housing and resettlement		136,465 4,127	10,000	(8,130) (1,500)	136,465 1,870 2,627
support service Motor vehicle Refurbishment of hostel Appletree House		4,115 6,401	13,000	(2,345) (13,000)	1,770 6,401
refurbishment Cornwall Independent Poverty		5,609			5,609
bursaries Tesco Bags for Life Morris House conversion Lloyds Bank Foundation	core	1,986 1,456 25,022	500 10,000	(659) (10,000)	1,986 1,297 25,022
grant Big Lottery Funding CCF Emergency Fund B&Q Foundation Other restricted funds		5,393 10,000 5,287	33,333 35,242 10,000 5,000 16,404	(31,719) (30,996) (7,892) ~77,870	7,007 14,246 2,108 5,000 9,881
Total restricted funds		205.861	133.479	~778.051	221 289
Total funds		403948	90415t	~852544	455553

21 Analysis of net assets between funds	21 Analysis of net assets between funds
		Unrestricted
		fundsf	Restricted f	Total funds f
Tangible Current	fixed assets assets	337,867 398,273	169,695 93,577	507,562 491,850
Current Creditors	liabilities over 1 year	(88,942) ~95,444	(23,004)	(111,946) ~95,344
Total net assets		552,054	240,268	792,322
				Total funds
		Unrestricted		at 31 March
		fundsf	Restricted f	2021
Tangible Current	fixed assets assets	354,354 76,697	165,965 69,213	520,319 145,910
Current liabilities Creditors over 1 year		(64,171) ~132,616	(13,889)	(78,060) ~132,616
Total net assets		234,264	221,289	455,553