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2022-03-31-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 2022 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 2022

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Cash Flow Statement 12
Notes to the Financial Statements 13 to 26
Detailed Statement of Financial Activities 27 to 28

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

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 2022. 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.

Public benefit

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

Volunteers

Due to the interruption caused by Covid lockdowns, volunteering dropped as a whole. Towards the back end of the financial year this began to pick back up and we have two weekly volunteers, who contribute 8 hours per week to the operation of the organisation Open Access Youth Drop-In programme.

Page 1

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

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE

Plans for the 2021-2022 financial year had included:

Open Access Youth Provision

Open-access youth provision has long been at the heart of YMCA Northumberland's work. Open every weekday evening from 4.00pm to 8.00pm, our sessions in central Ashington provide a vitally important safe space for young people aged 12 to 18 years old to relax and spend time with their peers.

As well as the social aspect of the drop-ins, we offer young people a range of opportunities for personal and social development including peer mentoring (in partnership with Children NE), volunteering, arts-based activities (in partnership with Mortal Fools theatre company), cookery sessions, and other informal learning opportunities. We offer discussion, information and advice around issues such as sexual health, drug and alcohol awareness, personal safety, and healthy relationships. One-to-one support, and supported referral to other agencies, is also provided by our experienced Youth Workers, for young people dealing with more complex issues.

Although attendance remained somewhat lower than pre-COVID, during the 2021-22 period, 297 individual young people attended our drop-in, a total of more than 2200 times, with 100 taking part in personal development opportunities.

Refurbishment of Youth Lounge

In March 2022, thanks to funding from the Youth Investment Fund and Rothley Trust, our Youth Lounge received a much-needed upgrade to the value of almost £49,000. With furniture and resources used by hundreds of young people each week, the Youth Lounge was in desperate need of some TLC, something the staff team felt was especially important to welcome new young people after months of intermittent closure due to COVID restrictions.

Regular attendees of our drop-ins agreed, and set to work creating a wish-list of new resources, and designing a colour scheme and mural to make the space their own. Despite the young people's involvement in the planning process, the final outcome of the work was kept top-secret, with all YMCA Northumberland staff coming together over a couple of days in early May to create a Changing Rooms-style makeover.

The upgrade included an overhaul of our enclosed central courtyard, extending the youth lounge outdoors, and creating a new space complete with seating, artificial turf, lighting, and an insulated meeting pod. Additional resources and equipment have also been purchased, ranging from laptops and ultra hi-tech silent disco and streaming equipment, through to a 'sub-soccer' table, and giant Jenga and Connect Four.

Page 2

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

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE - continued

Detached Youth Work

YMCA Northumberland undertakes detached youth work to engage with young people in their own spaces, including parks or other outdoor, public environments. It helps us to make contact with young people who might not otherwise access our provision, or who are gathering in hot-spot areas for substance misuse or antisocial behaviour. This type of work became vital during the COVID lockdowns of 2020/21, when ours and other indoor venues remained closed.

In Ashington, the intensive detached work we began in this period continued into 2021 on a more ad-hoc basis, once our premises re-opened fully. Since then we've focussed on detached work every Wednesday evening, with our experienced Youth Workers out and about in the open spaces of Ashington and the surrounding area.

For our CELL Big Local funded work in Ellington, Linton and Lynemouth, our detached provision continued throughout the year, due to delays in community buildings fully re-opening.

Safer Streets

To complement our detached work, since January 2022 YMCA Northumberland has been one of five teams working with Children North East on the Safer Transport Northumbria Project (Safer Streets). This project has been funded by the Violence Reduction Unit within the Northumbria Police & Crime Commissioner's office with the aim of improving the safety of young people using public transport.

For Northumberland our Youth Workers have been out two evenings each week, providing support and signposting to any vulnerable young people both during journeys and while waiting for public transport. This includes ensuring young people are able to get home safely, and supporting anyone who has been a victim of harassment, assault, or any other type of crime.

FINANCIAL REVIEW

Transactions and financial position

The statement of financial activities shows a net surplus of £108,071 (2021 - £22,139). At the balance sheet date, reserves amounted to £316,292 (2021 - £208,221) of which £40,475 (2021 - £46,420) was subject to restriction, £200,000 (2021 - £187,000) designated and a further £990 (2021 - £nil) represented by illiquid assets. The free reserves of the charity amounted to £74,827 (2021 - deficiency of £25,199).

The charity's results are materially affected by actuarial adjustments to the valuation of the pension plan deficit, details of which can be found in Note 18 to the Financial Statements, which have no day-to-day impact on the charity's finances. Ignoring the impact of these adjustments the charity's net surplus for the year was £46,581 (2021 - £34,898).

Page 3

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

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW - continued

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

YMCA Northumberland keeps a reserve fund for use at the discretion of the Board of Trustees in the furtherance of the organisation's objectives.

The Board of Trustees recognises the need to establish a level of reserve that:

At the balance sheet date, the free reserves of the charity amounted to £74,827.

Page 4

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

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 2022 there were 15 employees of the Association. Of these two were full time paid staff and 13 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.

Key management remuneration

Key management remuneration is set at the discretion of the trustees.

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 5

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

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 Mrs M Richardson Ms F Usman - retired 13 May 2022 Ms M Jarvis Ms C Groombridge - appointed 20 October 2021

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

Solicitors

Ward Hadaway, 102 Quayside, Newcastle upon Tyne, NE1 3DX

Page 6

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

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 14 December 2022 and signed on its behalf by:

Mrs A Gibson - Trustee

Page 7

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 2022.

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

15 December 2022

Page 8

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

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
7,310
Charitable activities
Core Activities
172,478
As LTO
-
Other income
306
Total
180,094
EXPENDITURE ON
Charitable activities
4
Core Activities
78,955
As LTO
-
Total
78,955
Net gains on investments
13,000
NET
INCOME/(EXPENDITURE)
114,139
Transfers between funds
17
(123)
Net movement in funds
114,016
RECONCILIATION OF
FUNDS
Total funds brought forward
161,801
TOTAL FUNDS
CARRIED FORWARD
275,817		 Restricted
funds
£
-
104,902
-
-
104,902
89,616
-
89,616
-
15,286
123
15,409
24,072
39,481		 LTO Cell
Big Local
£
-
-
289,816
-
289,816
-
311,170
311,170
-
(21,354)
-
(21,354)
22,348
994		 2022
Total
funds
£
7,310
277,380
289,816
306
574,812
168,571
311,170
479,741
13,000
108,071
-
108,071
208,221
316,292		 2021
Total
funds
£
2,948
222,822
115,541
1,347
342,658
199,018
121,501
320,519
-
22,139
-
22,139
186,082
208,221

The notes form part of these financial statements

Page 9

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

BALANCE SHEET 31 MARCH 2022

Notes
FIXED ASSETS
Tangible assets
11
Investment property
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
PROVISIONS FOR LIABILITIES
15
NET ASSETS
FUNDS
17
Unrestricted funds:
General fund
Fair value reserve
Restricted funds
TOTAL FUNDS		 2022
£
28,176
200,000
228,176
26,921
108,474
135,395
(26,250)
109,145
337,321
(21,029)
316,292
75,817
200,000
275,817
40,475
316,292		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 10

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

BALANCE SHEET - continued 31 MARCH 2022

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 14 December 2022 and were signed on its behalf by:

Mrs A Gibson - Trustee

Mr S Appleton - Trustee

The notes form part of these financial statements

Page 11

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

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash generated from operations
20
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2022
£
10,789
10,789
(37,568)
(37,568)
(26,779)
135,253
108,474		 2021
£
55,584
55,584
-
-
55,584
79,669
135,253

The notes form part of these financial statements

Page 12

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

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

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

The financial statements are prepared on the going concern basis. In the opinion of trustees, no material uncertainties exist about the charity's ability to continue.

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

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.

Taxation

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

continued...

Page 13

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

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

1. ACCOUNTING POLICIES - continued

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 18, Northumberland Federation of Y.M.C.A.s has a contractual obligation to make pension deficit payments of £3,004 (2021 - £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 £672 (2021 - £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.

2. DONATIONS AND LEGACIES

Donations
3.
INCOME FROM CHARITABLE ACTIVITIES
Core
Activities
£
Property income
91,840
Cafe income
2,893
Grants
182,647
277,380		 As LTO
£
-
-
289,816
289,816		 2022
£
7,310
2022
Total
activities
£
91,840
2,893
472,463
567,196		 2021
£
2,948
2021
Total
activities
£
69,449
210
268,704
338,363

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 £197,255 (2021 - £115,541) relating to this project. During the year, Northumberland Federation of Y.M.C.A.s received administration fees amounting to £17,161 (2021 - £8,508).

continued...

Page 14

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

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

3. INCOME FROM CHARITABLE ACTIVITIES - continued

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

Northumberland Children's Trust
Cell Big Local
LTO Cell Big Local
Ballinger Trust
Movement Trust
Ashington Town Council
Community Foundation
Northumbria Police & Crime Commissioner
Job Retention Scheme
Northumberland CC - COVID grants
Bernicia Foundation
Children in Need
Rothley Trust
RAF Airplay
Hadrian Trust
Holiday Action Fund
Safer Streets
Kickstart		 2022
£
5,833
21,266
289,816
15,000
6,388
4,000
-
12,652
1,697
23,334
10,000
47,563
1,200
8,429
1,000
2,550
5,000
16,735
472,463		 2021
£
11,806
14,678
115,541
6,329
10,427
4,000
3,664
8,440
30,565
63,254
-
-
-
-
-
-
-
-
268,704

4. CHARITABLE ACTIVITIES COSTS

Core Activities
As LTO		 Direct
Costs (see
note 5)
£
163,282
311,170
474,452		 Support
costs (see
note 6)
£
5,289
-
5,289		 Totals
£
168,571
311,170
479,741

Page 15

continued...

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

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

5. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
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
Marketing and promotion
Depreciation		 2022
£
103,928
1,075
5,232
12,329
3,796
305
177
4,929
297,941
18,530
3,174
1,609
2,661
1,060
100
96
896
16,614
474,452		 2021
£
156,114
1,478
4,452
9,616
4,200
946
557
27
99,677
28,575
172
594
3,040
744
50
74
75
7,224
317,615

6. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Core Activities 5,289

7. NET INCOME/(EXPENDITURE)

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

Depreciation - owned assets
Independent Examiner's remuneration (including irrecoverable VAT)		 2022
£
16,614
1,440		 2021
£
7,224
1,296

Page 16

continued...

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

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

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

Expenses amounting to £245 (2021 - £nil) were paid to 1 trustee.

9. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2022
£
144,313
4,062
(44,447)
103,928		 2021
£
124,852
2,628
28,634
156,114

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

Operational staff 2022
11		 2021
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 £43,649 (2021 - £34,583).

continued...

Page 17

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

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

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
LTO Cell
funds
funds
Big Local
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,948
-
-
Charitable activities
Core Activities
136,913
85,909
-
As LTO
-
-
115,541
Other income
1,347
-
-
Total
141,208
85,909
115,541
EXPENDITURE ON
Charitable activities
Core Activities
101,075
97,943
-
As LTO
-
-
121,501
Total
101,075
97,943
121,501
NET INCOME/(EXPENDITURE)
40,133
(12,034)
(5,960)
Transfers between funds
5,624
(5,624)
-
Net movement in funds
45,757
(17,658)
(5,960)
RECONCILIATION OF FUNDS
Total funds brought forward
116,044
41,730
28,308
TOTAL FUNDS CARRIED
FORWARD
161,801
24,072
22,348		 Total
funds
£
2,948
222,822
115,541
1,347
342,658
199,018
121,501
320,519
22,139
-
22,139
186,082
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 2022

11. TANGIBLE FIXED ASSETS

COST
At 1 April 2021
Additions
Disposals
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
Eliminated on disposal
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Short
leasehold
£
142,706
-
-
142,706
142,706
-
-
142,706
-
-		 Plant and
machinery
£
102,954
37,568
(22,751)
117,771
95,732
16,614
(22,751)
89,595
28,176
7,222		 Totals
£
245,660
37,568
(22,751)
260,477
238,438
16,614
(22,751)
232,301
28,176
7,222

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.

12. INVESTMENT PROPERTY

FAIR VALUE
At 1 April 2021
Revaluation
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 £
187,000
13,000
200,000
200,000
187,000

The freehold property known as YMCA, Waterloo Road, Blyth is included at fair value based on its expected rental yield of 12%

continued...

Page 19

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

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

13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2022
£
15,586
11,335
26,921
2022
£
85
2,058
5
24,102
26,250		 2021
£
1,264
2,770
4,034
2021
£
3,123
-
5
39,641
42,769

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 2021
Released to income from charitable activities
Amount deferred in year
Balance at 31 March 2022
15.
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		 2022
£
21,029
2022
£
82,519
2,166
(10,315)
(53,341)
21,029		 £
33,483
(22,221)
11,400
22,662
2021
£
82,519
2021
£
69,760
1,794
(9,965)
20,930
82,519

continued...

Page 20

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

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

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
990
Investments
200,000
Current assets
99,444
Current liabilities
(3,588)
Provision for liabilities
(21,029)
275,817
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
Youth Lounge
TOTAL FUNDS		 Restricted
funds
£
27,186
-
34,957
(22,662)
-
39,481
At 1/4/21
£
(25,199)
187,000
161,801
22,348
-
-
1,222
1,000
5,000
3,664
8,396
4,790
-
46,420
208,221		 LTO Cell
Big Local
£
-
-
994
-
-
994
Net
movement
in funds
£
101,139
13,000
114,139
(21,354)
(123)
(1,030)
(1,222)
(1,000)
(5,000)
-
(3,525)
-
27,186
(6,068)
108,071		 2022
Total
funds
£
28,176
200,000
135,395
(26,250)
(21,029)
316,292
Transfers
between
funds
£
(123)
-
(123)
-
123
3,664
-
-
-
(3,664)
-
-
-
123
-		 2021
Total
funds
£
7,222
187,000
139,287
(42,769)
(82,519)
208,221
At
31/3/22
£
75,817
200,000
275,817
994
-
2,634
-
-
-
-
4,871
4,790
27,186
40,475
316,292

17. MOVEMENT IN FUNDS

continued...

Page 21

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

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

17. MOVEMENT IN FUNDS - continued

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

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 Grow Project
Northumbria Police & Crime
Commissioner
The Bernicia Foundation
Youth Lounge
TOTAL FUNDS		 Incoming
resources
£
180,094
-
180,094
289,816
21,266
5,833
-
-
-
6,388
12,652
10,000
48,763
394,718
574,812		 Resources
expended
£
(78,955)
-
(78,955)
(311,170)
(21,389)
(6,863)
(1,222)
(1,000)
(5,000)
(9,913)
(12,652)
(10,000)
(21,577)
(400,786)
(479,741)		 Gains and
Movement
losses
in funds
£
£
-
101,139
13,000
13,000
13,000
114,139
-
(21,354)
-
(123)
-
(1,030)
-
(1,222)
-
(1,000)
-
(5,000)
-
(3,525)
-
-
-
-
-
27,186
-
(6,068)
13,000
108,071

continued...

Page 22

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

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

17. 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
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 23

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

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

17. 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
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

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 £994 in relation to this project.

Youth Lounge

Funded by Children in Need and the Rothley Trust, the project includes the refurbishment of the garden and creation of a meeting space.

continued...

Page 24

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

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

18. 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, 63% matching portfolio and 37% in the growth portfolio and Schroder (property units only).

The most recent completed three-year valuation was as at 1 May 2020. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets held before and after retirement of 2.59% and 1.09% respectively, the increase in pensions in payment of 2.99% (for RPI capped at 5% 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 £39 million. Northumberland Federation of Y.M.C.A.s has been advised that it will need to make monthly contributions of £250 from 1 May 2022. This amount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual performance of the Pension Plan. Agreed future deficit contributions have been discounted at a rate of 3% (2021 - 3%). The current recovery period is 7 years commencing 1 May 2022.

Amounts due
Within one year
After one year
Between one and two years
Between two and five years
After five years
Total
 2022
£
3,004
3,004
9,012
6,009
18,025
21,029		 2021
£
10,315
10,315
30,945
30,944
72,204
82,519

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.

Page 25

continued...

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

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

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

20. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2022
£
Net income for the reporting period (as per the Statement of
Financial Activities)
108,071
Adjustments for:
Depreciation charges
16,614
Gains on investments
(13,000)
Pension actuarial adjustment
(61,490)
Decrease in stocks
-
(Increase)/decrease in debtors
(22,887)
(Decrease)/increase in creditors
(16,519)
Net cash provided by operations
10,789		 2021
£
22,139
7,224
-
12,759
126
876
12,460
55,584

21. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/21 Cash flow At 31/3/22
£ £ £
Net cash
Cash at bank and in hand 135,253 (26,779) 108,474
135,253 (26,779) 108,474
Total 135,253 (26,779) 108,474

22. 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 26

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

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

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
Marketing and promotion
Depreciation of plant and machinery		 2022
£
7,310
91,840
2,893
472,463
567,196
306
574,812
144,313
4,062
(44,447)
1,075
5,232
12,329
3,796
305
177
4,929
297,941
18,530
3,174
1,609
2,661
1,060
100
96
896
16,614
474,452		 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
75
7,224
317,615

This page does not form part of the statutory financial statements

Page 27

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

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Support costs
Governance costs
Accountancy and legal fees
Total resources expended
Net income before gains and losses
Recognised gains and losses
Recognised gains on investment property
Net income		 2022
£
5,289
479,741
95,071
13,000
108,071		 2021
£
2,904
320,519
22,139
-
22,139

This page does not form part of the statutory financial statements

Page 28