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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 03541107 (England and Wales) REGISTERED CHARITY NUMBER: 1076157

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 23
Detailed Statement of Financial Activities 24 to 25

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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

Objectives and aims

The objects of the Charity are consistent with those of the YMCA Movement in England to which the Northumberland Federation of YMCAs affiliates.

These state that the objects for which the Association is established are:

The organisation fulfils its charitable objects through its actions and activities by:

The directors of the charity meet regularly to review the activities of each area of work and to review the progress being made. The Board is responsible for the strategic direction of the Association.

Pulic benefit

The trustees have considered the Charity Commission's guidance on public benefit with regard to its objectives and activities.

Page 1

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

Plans for the 2020-2021 financial year had included:

FINANCIAL REVIEW

Transactions and financial position

The statement of financial activities shows a net surplus of £22,139 (2020 - £44,758). At the balance sheet date, reserves amounted to £208,221 (2020 - £186,082) of which £46,420 (2020 - £70,038) was subject to restriction.

Grants, donations and other financial support

The Association receives income from a variety of sources that supports the delivery of its work. The principal sources are:

Reserves policy

The charity has no formal policy for reserves as free reserves are in deficit, primarily as a result of the provision for future pension contributions as detailed in note 17 to the financial statements.

Funds in deficit

Included within unrestricted reserves is an unrealised revaluation gain of £187,000 (2020 - £187,000), stated net of this amount, the free reserves of the charity are deficient in the amount of £25,199 (2020 - £70,956).

The circumstances giving rise to the deficit and steps taken to eliminate the deficit are detailed in note 1 to the financial statements.

Page 2

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company limited by guarantee and is, therefore, governed by a Memorandum and Articles of Association.

Appointment of directors

Appointment of directors is governed by the Memorandum and Articles of Association, which authorise the committee to appoint new members to fill vacancies that arise during the year and to appoint individuals to the Board who are sympathetic to the Aims and Purposes of the Northumberland Federation of Y.M.C.A.s and who have professional and personal skills that will contribute to the life, work and development of the organisation.

Organisation and management

At 31 March 2021 there were eight employees of the Association. Of these two were full time paid staff and six were part time. There were also a number of volunteers attached to the Association.

The directors review all policies and procedures adopted by the organisation on a cyclical basis. During the year they have paid specific attention to:

Staff supervision, Recruitment, Lone Working, ICT, Safeguarding children and young people, holiday entitlements, personnel, safety, harassment, disability, smoking in the workplace, health and safety, salaries, redundancy, confidentiality, use of illegal drugs and substances, equal opportunities, volunteers, staff code of conduct, financial protocols, grievance and discipline.

Risk management

The directors have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The directors have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate Northumberland Federation of YMCA's exposure to major risk.

Page 3

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Charity name : Northumberland Federation of Y.M.C.A.s

Charity registration number : 1076157

Company registration number : 03541107

Registered office and Operational address : Central Office YMCA North View Ashington Northumberland NE63 9XQ

Directors

The directors who served during the year were

Mrs A Gibson - Chairperson Mrs R Bickerdike - Vice-Chair Mr S Appleton - Treasurer, appointed 25 November 2020 Mrs M Richardson Ms F Usman Ms M Jarvis - appointed 25 November 2020

Mrs M Laws - retired 25 November 2020

Key Management Personnel

Mr R Cox - Chief Executive and Company Secretary

Independent Examiner

Read, Milburn & Co. 71 Howard Street North Shields NE30 1AF

Bankers

CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Page 4

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS - continued

Solicitors

Ward Hadaway 102 Quayside Newcastle upon Tyne NE1 3DX

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Northumberland Federation of Y.M.C.A.s for the purposes of company law) are responsible for preparing the Report of the Trustees 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 those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

Approved by order of the board of trustees on 20 October 2021 and signed on its behalf by:

Mrs A Gibson - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

Independent examiner's report to the trustees of Northumberland Federation of Y.M.C.A.s ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nicholas Liley FCA Institute of Chartered Accountants in England and Wales Read, Milburn & Co

16 December 2021

Page 6

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
2,948
Charitable activities
3
Grant income
67,254
Property income
69,449
Cafe income
210
Other income
1,347
Total
141,208
EXPENDITURE ON
Charitable activities
Staff costs
55,464
Project expenditure
809
Premises and administration
39,974
Cafeteria costs
172
Memberships and subscriptions
1,690
Legal and professional fees
2,904
Marketing and promotion
62
Total
101,075
NET INCOME/(EXPENDITURE)
40,133
Transfers between funds
16
5,624
Net movement in funds
45,757
RECONCILIATION OF FUNDS
Total funds brought forward
116,044
TOTAL FUNDS CARRIED
FORWARD
161,801		 Restricted
funds
£
-
85,909
-
-
-
85,909
75,504
3,273
19,153
-
-
-
13
97,943
(12,034)
(5,624)
(17,658)
41,730
24,072		 LTO Cell
Big Local
£
-
115,541
-
-
-
115,541
25,817
95,595
89
-
-
-
-
121,501
(5,960)
-
(5,960)
28,308
22,348		 2021
Total
funds
£
2,948
268,704
69,449
210
1,347
342,658
156,785
99,677
59,216
172
1,690
2,904
75
320,519
22,139
-
22,139
186,082
208,221		 2020
Total
funds
£
10,355
345,180
83,139
9,784
11,802
460,260
147,257
201,075
56,404
5,505
2,065
2,310
886
415,502
44,758
-
44,758
141,324
186,082

The notes form part of these financial statements

Page 7

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S (REGISTERED NUMBER: 03541107)

BALANCE SHEET 31 MARCH 2021

Notes
FIXED ASSETS
Tangible assets
9
Investment property
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
PROVISIONS FOR LIABILITIES
14
NET ASSETS
FUNDS
16
Unrestricted funds:
General fund
Fair value reserve
Restricted funds
TOTAL FUNDS		 2021
£
7,222
187,000
194,222
-
4,034
135,253
139,287
(42,769)
96,518
290,740
(82,519)
208,221
(25,199)
187,000
161,801
46,420
208,221		 2020
£
14,446
187,000
201,446
126
4,910
79,669
84,705
(30,309)
54,396
255,842
(69,760)
186,082
(70,956)
187,000
116,044
70,038
186,082

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 8

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S (REGISTERED NUMBER: 03541107)

BALANCE SHEET - continued 31 MARCH 2021

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on 20 October 2021 and were signed on its behalf by:

Mrs A Gibson - Trustee

Mr S Appleton - Trustee

The notes form part of these financial statements

Page 9

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Going concern

As explained more fully in note 17 to the financial statements the charity participates in a multi-employer defined benefit pension scheme which is in deficit and as such is required to pay additional contributions to the scheme in order to eliminate the funding shortfall.

In accordance with the FRS102, the charity has recognised a provision in its financial statements for the present value of future additional contributions to the scheme, amounting to £82,519 (2020 - £69,760). The charity's free reserves are, as a result, in deficit in the amount of £25,199 (2020 - £70,956).

Additional contributions to the scheme have been made under a fixed term agreement, expiring in April 2029, for a number of years and, prior to the application of FRS102, such contributions were charged directly to expenditure. As a result the trustees are of the opinion that the charity will be able to generate sufficiant funds to cover future additional contributions as they fall due and therefore, irrespective of the reported deficit, continue as a going concern; the financial statements have therefore been drawn up on that basis.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 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.

Tangible fixed assets

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

Short leasehold - in accordance with the property Plant and machinery - 25% on cost

continued...

Page 10

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

In accordance with Section 16 of FRS 102 no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Fund accounting

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.

Pension costs

Northumberland Federation of Y.M.C.A.s 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. Due to insufficient information, the plan's actuary has advised that it is not possible to separately identify the assets and liabilities relating to Northumberland Federation of Y.M.C.A.s.

As described in note 17, Northumberland Federation of Y.M.C.A.s has a contractual obligation to make pension deficit payments of £10,315 per annum over the period to April 2029, accordingly this is shown as a liability in these accounts.In addition, Northumberland Federation of Y.M.C.A.s is required to contribute £2,441 per annum to the operating expenses of the Pension Plan and these costs are charged to the Statement of Financial Activities as made.

continued...

Page 11

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2. DONATIONS AND LEGACIES

Donations
3.
INCOME FROM CHARITABLE ACTIVITIES
Grant
Property
income
income
£
£
Property income
-
69,449
Cafe income
-
-
Grants
268,704
-
268,704
69,449		 Cafe
income
£
-
210
-
210		 2021
£
2,948
2021
Total
activities
£
69,449
210
268,704
338,363		 2020
£
10,355
2020
Total
activities
£
83,139
9,784
345,180
438,103

During the year, Northumberland Federation of Y.M.C.A.s, acting as the Locally Trusted Organisation, administered funds on behalf of Cell Big Local. Included within Income from Charitable Activities is an amount of £115,541 (2020 - £229,849) relating to this project. During the year, Northumberland Federation of Y.M.C.A.s received administration fees amounting to £8,508 (2020 - £17,151).

Grants received, included in the above, are as follows:

Northumberland County Council
Northumberland Children's Trust
Key Fund
Cell Big Local
LTO Cell Big Local
Sir James Knott Trust
Ballinger Trust
Movement Trust
Ashington Town Council
Community Foundation
Bait Art Project
Barbour Foundation
Northumbria Police & Crime Commissioner
Job Retention Scheme
Northumberland CC - COVID grants		 2021
£
-
11,806
-
14,678
115,541
-
6,329
10,427
4,000
3,664
-
-
8,440
30,565
63,254
268,704		 2020
£
9,000
15,277
423
25,199
229,849
950
8,439
37,037
4,000
5,006
5,000
5,000
-
-
-
345,180

continued...

Page 12

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

4. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Legal and professional fees 2,904

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 7,224 7,224
Independent Examiner's remuneration (including irrecoverable VAT) 1,296 1,290

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

7. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2021
£
124,852
2,628
28,634
156,114		 2020
£
132,929
4,101
7,124
144,154

The average monthly number of employees during the year was as follows:

Operational staff 2021
11		 2020
11

No employees received emoluments in excess of £60,000.

The total employee benefits (including Social Security costs) of the key management personnel, comprising the trustees and the Chief Executive, were £34,583 (2020 - £33,683).

continued...

Page 13

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
LTO Cell
funds
funds
Big Local
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
10,355
-
-
Charitable activities
Grant income
9,000
106,331
229,849
Property income
83,139
-
-
Cafe income
9,784
-
-
Other income
11,802
-
-
Total
124,080
106,331
229,849
EXPENDITURE ON
Charitable activities
Staff costs
48,349
71,261
27,647
Project expenditure
-
950
200,125
Premises and administration
33,862
22,542
-
Cafeteria costs
5,505
-
-
Memberships and subscriptions
2,065
-
-
Legal and professional fees
2,310
-
-
Marketing and promotion
886
-
-
Total
92,977
94,753
227,772
NET INCOME
31,103
11,578
2,077
RECONCILIATION OF FUNDS
Total funds brought forward
84,941
30,152
26,231
TOTAL FUNDS CARRIED FORWARD
116,044
41,730
28,308		 Total
funds
£
10,355
345,180
83,139
9,784
11,802
460,260
147,257
201,075
56,404
5,505
2,065
2,310
886
415,502
44,758
141,324
186,082

continued...

Page 14

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. TANGIBLE FIXED ASSETS

COST
At 1 April 2020 and 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Short
leasehold
£
142,706
142,706
-
142,706
-
-		 Plant and
machinery
£
102,954
88,508
7,224
95,732
7,222
14,446		 Totals
£
245,660
231,214
7,224
238,438
7,222
14,446

The leasehold property is for charitable use within the company and was last valued in May 2000 by an external firm of Chartered Surveyors. The directors are satisfied that the aggregate value of the leasehold property is not less than the aggregate amount at which it is stated in the accounts.

10. INVESTMENT PROPERTY

FAIR VALUE
At 1 April 2020
and 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 £
187,000
187,000
187,000

The freehold property known as YMCA, Waterloo Road, Blyth was valued on 31 March 2011 by a firm of Chartered Surveyors on an open market existing use basis. The directors believe that the value remains appropriate at 31 March 2021.

Page 15

continued...

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11.
STOCKS
Stocks
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accruals and deferred income		 2021
£
-
2021
£
1,264
2,770
4,034
2021
£
3,123
5
39,641
42,769		 2020
£
126
2020
£
4,910
-
4,910
2020
£
5,519
5
24,785
30,309

Deferred income

The deferrals included in creditors relate to those grants, donations and income specified as relating to a specific period and represent those parts of the grants, donations or income which relate to periods subsequent to the accounting year end and are treated as grants or income in advance, or alternatively where there are conditions which must be fulfilled prior to entitlement or use of the grant or donation by the charity. Movements during the year were as follows.

Balance at 1 April 2020
Released to income from charitable activities
Amount deferred in year
Balance at 31 March 2021		 £
23,498
(23,498)
33,483
33,483

Page 16

continued...

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14.
PROVISIONS FOR LIABILITIES
Provisions
Reconciliation of Opening and Closing Provisions
Provision at start of period
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Amendments to contribution schedule
Provision at end of period
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
funds
funds
£
£
Fixed assets
-
7,222
Investments
187,000
-
Current assets
66,606
50,333
Current liabilities
(9,286)
(33,483)
Provision for liabilities
(82,519)
-
161,801
24,072		 LTO Cell
Big Local
£
-
-
22,348
-
-
22,348		 2021
£
82,519
2021
£
69,760
1,794
(9,965)
20,930
82,519
2021
Total
funds
£
7,222
187,000
139,287
(42,769)
(82,519)
208,221		 2020
£
69,760
2020
£
77,404
2,032
(9,676)
-
69,760
2020
Total
funds
£
14,446
187,000
84,705
(30,309)
(69,760)
186,082

continued...

Page 17

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Fair value reserve
Restricted funds
LTO Cell Big Local
Cell Big Local
Northumberland Children's Trust
Ballinger Trust
Northumberland County Council
Movement Trust Fund
Y Drop In
Y Grow Project
Meeting Space Refurb
TOTAL FUNDS		 At 1/4/20
£
(70,956)
187,000
116,044
28,308
1,590
267
3,879
2,000
10,000
-
7,275
16,719
70,038
186,082		 Net
movement
in funds
£
40,133
-
40,133
(5,960)
(1,590)
(267)
2,967
(1,000)
(5,000)
3,664
1,121
(11,929)
(17,994)
22,139		 Transfers
between
funds
£
5,624
-
5,624
-
-
-
(5,624)
-
-
-
-
-
(5,624)
-		 At
31/3/21
£
(25,199)
187,000
161,801
22,348
-
-
1,222
1,000
5,000
3,664
8,396
4,790
46,420
208,221

continued...

Page 18

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
LTO Cell Big Local
Cell Big Local
Northumberland Children's Trust
Ballinger Trust
Northumberland County Council
Movement Trust Fund
Y Drop In
Y Grow Project
Meeting Space Refurb
Northumbria Police & Crime
Commissioner
Job Retention Scheme
TOTAL FUNDS		 Incoming
resources
£
141,208
115,541
14,678
11,806
6,329
-
-
3,664
10,427
-
8,440
30,565
201,450
342,658		 Resources
Movement
expended
in funds
£
£
(101,075)
40,133
(121,501)
(5,960)
(16,268)
(1,590)
(12,073)
(267)
(3,362)
2,967
(1,000)
(1,000)
(5,000)
(5,000)
-
3,664
(9,306)
1,121
(11,929)
(11,929)
(8,440)
-
(30,565)
-
(219,444)
(17,994)
(320,519)
22,139

continued...

Page 19

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fair value reserve
Restricted funds
LTO Cell Big Local
Cell Big Local
Northumberland Children's Trust
Sir James Knott Trust
Ballinger Trust
Northumberland County Council
Movement Trust Fund
Y Grow Project
Meeting Space Refurb
TOTAL FUNDS		 At 1/4/19
£
(102,059)
187,000
84,941
26,231
1,750
72
5,000
5,330
3,000
15,000
-
-
56,383
141,324		 Net
movement
in funds
£
31,103
-
31,103
2,077
(160)
195
(5,000)
(1,451)
(1,000)
(5,000)
7,275
16,719
13,655
44,758		 At
31/3/20
£
(70,956)
187,000
116,044
28,308
1,590
267
-
3,879
2,000
10,000
7,275
16,719
70,038
186,082

continued...

Page 20

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
LTO Cell Big Local
Key Fund
Cell Big Local
Northumberland Children's Trust
Sir James Knott Trust
Ballinger Trust
Northumberland County Council
Movement Trust Fund
Y Drop In
Y Grow Project
Bait Art Project
Meeting Space Refurb
Toilet Refurb
Holiday Hunger
TOTAL FUNDS		 Incoming
resources
£
124,080
229,849
423
25,199
15,277
-
8,439
-
-
5,006
17,037
5,000
25,000
4,000
950
336,180
460,260		 Resources
Movement
expended
in funds
£
£
(92,977)
31,103
(227,772)
2,077
(423)
-
(25,359)
(160)
(15,082)
195
(5,000)
(5,000)
(9,890)
(1,451)
(1,000)
(1,000)
(5,000)
(5,000)
(5,006)
-
(9,762)
7,275
(5,000)
-
(8,281)
16,719
(4,000)
-
(950)
-
(322,525)
13,655
(415,502)
44,758

Cell Big Local

During the year, Northumberland Federation of Y.M.C.A.s, acting as the Locally Trusted Organisation, administered funds on behalf of Cell Big Local. At the balance sheet date Northumberland Federation of Y.M.C.A.s held funds amounting to £94,376 in relation to this project.

Cooking Studio

During the year, the Charity continued to receive funding from the Ballinger Trust for this project, capital funding was previously provided by Northumberland County Council and the Movement Trust for the construction of the training kitchen. Due to the imposition of COVID-19 restrictions the project ended prematurely; the Trustees of the Fund have permitted the remaining funding to be absorbed into the Charity's core budget.

Meeting Space Refurbishment

During the year, funding was received from the Movement Trust and Northumberland County Council for office refurbishment, the work is ongoing.

continued...

Page 21

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

17. EMPLOYEE BENEFIT OBLIGATIONS

Northumberland Federation of Y.M.C.A.s 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 Northumberland Federation of Y.M.C.A.s 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% per annum), 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, which 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 YMCA Pension Plan had a deficit of £36 million. Northumberland Federation of Y.M.C.A.s has been advised that it will need to make monthly contributions of £860 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 1 May 2021.

Amounts due
Within one year
After one year
Between one and two years
Between two and five years
After five years
Total
 2021
£
10,315
10,315
30,945
30,944
72,204
82,519		 2020
£
9,966
9,966
29,898
19,930
59,794
69,760

In addition, Northumberland Federation of Y.M.C.A.s 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 Northumberland Federation of Y.M.C.A.s may be called upon to pay in the future.

continued...

Page 22

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

19. LEGAL STATUS

Northumberland Federation of Y.M.C.A.s is a company limited by guarantee, registered in England and Wales and has no share capital. The company's registered number and registered office address can be found within Reference and Administrative Details.

The liability of each member in the event of winding-up is limited to £1.

Page 23

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Charitable activities
Property income
Cafe income
Grants
Other income
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rent, rates and water
Insurance
Light and heat
Telephone, post and stationery
Subscriptions
Sundry expenses
Training and conferences
Project and activity costs
Repairs and maintenance
Cafeteria costs
Travelling expenses
Cleaning
Affiliation fees
Recruitment
Bank charges
Carried forward		 2021
£
2,948
69,449
210
268,704
338,363
1,347
342,658
124,852
2,628
28,634
1,478
4,452
9,616
4,200
946
557
27
99,677
28,575
172
594
3,040
744
50
74
310,316		 2020
£
10,355
83,139
9,784
345,180
438,103
11,802
460,260
132,929
4,101
7,124
4,358
5,676
12,670
3,741
1,195
268
1,179
201,075
18,926
5,505
1,924
3,481
870
-
60
405,082

This page does not form part of the statutory financial statements

Page 24

NORTHUMBERLAND FEDERATION OF Y.M.C.A.S

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Charitable activities
Brought forward
Marketing and promotion
Depreciation of plant and machinery
Support costs
Governance costs
Accountancy and legal fees
Total resources expended
Net income		 2021
£
310,316
75
7,224
317,615
2,904
320,519
22,139		 2020
£
405,082
886
7,224
413,192
2,310
415,502
44,758

This page does not form part of the statutory financial statements

Page 25