Homes and C*)mmunbties Age￿V registration number- H4246 Company registration'numbèr= 3817056 Charity regbstration number-" 1078728 Bournemouth Young Men's Christian AssocI￿10n Consolidated Finantial Statements lor the Period l January 2020 to 31 March 2021 •AaHIKW80* IPJ11r2021 COMPANIES HOUSE . Ale #205 Bournemouth Young Men's Christian A$50ciation Financial Statements for the Period l January 2020 to 31 March 2021 Coni•nts Regixered 5ooal Housing Probryder Infomiation Trvstees Report 4-27 Independent Auditorfs Report 2&31 Statement of Comprehensive Incoffle 32 8alance Sheets Statement of Changes in Equity l Reser*s Statement of Cash Flo 35 Noie5 to the Ftrnanaal Statements 36-52 Page 2 8ourrtemouth Young Men's Chfistian AsgKiation Regi51ered Provlder Inlormation tor the Period l January 2020 to 31 Marth 2021 Homes and Communitie5 Agency r￿￿tr￿lan number H4246 Company re•stratit)n number 3817056 Chadty regi￿ratIon number 1078728 Members of the board Richard Elms (Chairl Colin Hartland David William5 Eamn Bundred Iresigned 24th March 20211 Simon Marsh lan Terry Andrew Dobbins &mon Potterton Mark Petrauskès Elaine Cowl Se¢rètsry JKqueJine Morgan IResl8ned 26th May 20211 Nigel Jenner IApp04nted 26th May 20211 CEO Gareth she￿ood Re4lstered offlce Delta House 56 Westo¥er Road 8ourThemouth 8HI 285 Auditor Ward Goodman Audit Stmtes knmited 4 Cedar Park Cobham Road Ferndown lThJustrial Estate Wimbome 8H2175F Solicitor Outton Gregory 48150 Parkstone Road P(M)le BHIS 2PE Bankers NatWe5t The Square S Old Christchurch Road Bournemouth Dorset 8HI IDU Page 3 Bournemouth Young Men's Chtistian Assodatlon Trustees report Period Ended 31 March 2021 The purpose of thi5 report is for Boumemouth YMCA'S Board of TnJ5tees to present its audited finanrial sraternents for ihe Period ended March 2021, Tfvthich have been prepared in accordance with the *atement. Oblealves and Activlties The Charities area of artNtty. to further its purpose for the public benefiL tontinues io operate in Sotial Hougn& Childret) and Farnily Work. Youth Work aftd Heatth and Fitnesswork with the •im being to make a pO￿tt¥e impact on and ultimately thange people's lives for ihe better. 8oufnemouth Young Men's Christian Associaiion isa charitable HOUSM￿ Association incorporated os a company limtted by guarantee and re81Ste￿d with the Homes and Communities A8enry. It 1$ 8ovemed by its Memorandum and Articles of Association. The Paris basis of the states that it seeks to reunite those who. regardine Jesu5 Chrt5t as theirGLkl and Saviour ètcording to the Holy S¢riptures. desire to be Hi5 disople5 in their faith afid in their life. and to associate rheir efforts to the extension of His Kingdom. StfUCtWfe. Governance arrfl maTr￿eMent Bournernouth YMCA is govemed by Its Memorandum and Articles of Association. Trustees are dected Full Members of the Association at the Annual General Meeting. The Board of Trustees have power of co-option. up to otse third ol its numbers during the year and s¥ch person Co￿pIe￿ are eligible for election at the next AGM. A review of the major rbsks to which ihe Chafity is exposed is undertaken annually and systems esrabli5hed to mitigate ihos? risks. The continual updatin8 of Policies and Procedu￿$ remained z key priority together with the Risk Register. Key Pertormance Indicators are set for each Department and ultimately drilled down to the performance of each ¢ndividual. Annual Apprai￿1$ ale undertaken which allowsfor a continuinKassessment of performance and eorrertwe attion Il required. Refefente and Admin15traiive (letai Charity Name.. Boumemuth YMCA Charity Mumber- 1078728 Company Ileeistfation Number.. 3817056 Housing Assooation Number.. H4246 Registered Address.. Defta House 56Westover Road Bouinemouth 8HI 285 Oirertors and Trustees-. Richard Elffs (Chairl Cdin Hartland Andrew Oobbins Da￿d Williarns Simon Ponerton ark Pwrauskas Eamon 8undred Ireggned 24 Maith 20211 SIn￿n M¥sh Elaint Cowlty lan Twry Company Secretary: Jacqudine Morgan Irest8ned 26 May 20211 Nigel Jenntr (appointed 26 May 20211 The Board ofTrustees delegate dayio day ￿spon￿￿"1￿¥ to ihe Chief ExeEUti¥e Officer. Gareth Sherwocd. TheTrustees have had reprd to Chairty Commission Euidance on wblic b•￿rt. Pay4 eournernouth Young Men's Christian Assixiation Trustees report Perlod Ended 31 March 2021 Risks The major risks duiing the period were the finanaal and operational performance due to the COVID-19 pandemic_ The Trustees extended the accounting pertod to align with local Government contracts and to add certabnty for fvture years ènd this report covers fifteen months from l January 2020 to 31 March 2021. During 2020121. the COVID-19 pandemic disrupted operations 8eneralty and 50cial d4Stantin8 measures and Govemment restrictions affected Leisure. Health and Fimess incoffle specifically. Howebpr. the Trustee5 SUPPOrted the CEO in responding Swiftly vAth H robust strategy and reduced or cut plans for tapital expenditure. except where the expenditure would ensure increased income streams. and reduced as much orher expenditure as prarticable. We applied for a C811S loan to cO￿r the loss of cash across the Eroup for the yearand to co¥ei the reser￿ required to pav o months. payroll, in order to protect the organisation. and allow u5 to continueto pay staff and suppliers. where some vital Se￿ICeS WLYe on-gong. Budget projections weie reviewed regularfy as more infomution was released by the Govemrnent lor financial support and more announcements were made regardin8 lockdowns and restrictions. The projections were a worst-case scenario and the loan would provtde uswith security and to efisu￿ continuity olour services once thev re-opened. The following aciions were taken to mr(i8ate ihe loss of income.. - VAT due 20 March 2020 to 30 June 2020 deferred but now p￿￿ up-to-date -VMCA England and W3les-•ffiliatton fee holiday for three months Fund-rnisin8 • Wt increased resources to the fund-raising and bid writine teams to searth for funding tspportunities and availability of emergency grants. However, most emergencygrants were for continuin8 services or new projects and not where services were c105ed. whith is where we were experiencing loss of incorne. - Government initiatives. to include.. 8u51ness rates holiday unlil April 2021 and beyond- appl￿ to most of our sites • Small business grants and Local restrTrction grants applied for • Job Retention Scherne grants was used for staff on furlough throughout the period although for the first three months Irorn March to Jvne. the trustees paid all staff at full pay. - Bankin8 arfanKements= • Six-month capitsl repayrnent holiday on ex45tin8 loan • CBILS loan of£5C(SK drawn down • £125K loan to refurbish hostel and 6 additional rooms - Other measures: All outstanding debtors reviewed with some additional credit tern￿ in some cases, and payment holidays gI￿n. However, we experienced minimal bad debts in the period. Health and Fiiness memberships- DD colleuions suspended during periods of dosure • We have claimed under business interruption insurance and the claim is p￿ding. The maximum payable would be £250.1Th1 We received confirmation of continuing fundingdespite c105ures. as follows.. - Youth 5er¥icÈ5 frorn BCP for Fusion and Townsend Youth Partnership. . Children's cenire contracts - SP funding for hotssin8 . Earlyyears fundin8 for funded children in p￿$th0o1 Page 5 BourneM0￿h Young Men's Christian A$S￿latIOn Trustees report Perlod Ended 31 Marth 2021 - Expenditure= All supply coniracts wefe re￿eWed t0 Suspend or reduce cosls, induding: - Trade waste Cleaning - Photoeotyers Teletoms . Equipment maintenance - Serviting and compliantt All supplier payments were wioritised and we rnet ￿1 obligations. intluding all compliance works across all sites. • AII HOD5 asked to reduce spending and 3d¥ised hou5in8 departrnent essential rep•ir8 maintenance and compliance would be prioritised M05t Capex and planned rnainienance postponed. No cosi of livin8 pay awards in April 2020. apart from NLW increase5. • some ratil)Aalisation ol staff and ￿dUndanCIes were necessary. KPI'S The following pages art a snapshtst ofthe work undertaken in 20201ZI. Poge 6 Yn¢A SL4P?Oryt > 01.01.2020- 31.03.2021 82,000+ meols provided for vulneroble odult5 192 individuol clients housedl supported ocross 108 beds in 4 YMCA locotions An increosing number of clients supported by our counselling services Success rote ot an 8 yéar hlghl Achievements ond Performonce Page 7 Housing Support >> 01.01.2020- 31.03.2021 Y.n¢A 1,762 one-to-one key-working sessions 150+ workshopsl groups Achievements ond Performance Page 8 fcxth @rnffp 01.0,1.2020 31 Oi.20-2- rrre-T ' Iroining cessions delivered externol orgonisotions ov4oreness heolth dec1sion moking oulism oworeness people deliL'er svperb provision people disobiliEies Ihotterboxes delivered 4f disoblea people os fvlentors troined speo kers V15iied •hotterbox sessions London Science Museum Dorsei Achievements ond Performance Page 9 Youth Yn¢A Work >> 01.01.2020- 31.03.2021 On overoge 2 39 young people were communicoted with per week Open occess youth clubs delivered ocr055 ocotions 4,543 hours of delivery. with 2,650 ottendonce 150+ AQA Awords received 473 individuol sessions deliveied by YMCA ond 22 events Achievements ond Performance Page 10 Families and Relationship Yn¢A Services >> 01.01.2020- 31.03.2021 Children's Centres > Pokesdown & Southbourne > Townsend > Queen's Pork -14 53 clients referred into o supportive Counsellin9 service 240 fomilies provided with o dedicoted Fomily Support Worker 1300+ visits to the 'Virtuol' Children's Centre 3 99 children ond 584 corers positively engoged with Achievements and Perfomonce Page 11 Families and Relationship Yn¢A > Contocl Centre > Teddy's Pre-school 1,156 hours of contoct provided 134 Coniocl Centiè children and 108 corers provided with contoct 764 contoct sessions focilitoted for 87 fomilie5 40+ 46 children living in reco9nised deprivotion areos supported to achieve referrols 45 Teddy's Pre-school children received torgeted support IO0+ funded ploces IO0+ children ploced ot Teddy s Achievements and Performance Page 12 Sport and Lei ure >> 01.01.2020- 31.03.2021 4+ First Aid & -2.+_Lifeguord- Course5 delivered 700+ Children tought to swim 20,000+ Fitness Closs Participants 50+ individuol disobled usèr5 using our heoted pool 50+ Adult Functions 150+ Children's Porty Bookings .-ffi'A'chiévements (irid Perforr¥ionce . Page 13 Sport and Yn¢A Leisure >> 01.01.2020- 31.03.2021 200+ NEW Members per month (overage) 5,000+ Active Members 50+ individuals referred to our GP Referral Scheme 2,000+ Junior Holidoy Club Sessions Achievements ond Performance P4• 14 Counselling Support >> Achievements and Perfomance Page 15 '11 EUROPEAN 50UDARiré coRps 25 Achievements and Performonce Pa8e 16 Sandyholme House (Studlund l Dorset) >> Yn¢A 01.01.2020 - 31.03.2021 750+ xJ¥¥ Indlvlduals enjoyed this beautiful retreot locotion 30+ groups supported Achievements ond Performance Page 17 Chaplaincy Yn¢A Service >> 01.01.2020- 31.03.2021 vppori -suppor1 support upport suppor I￿,P•fI, S Ul)IDOjI suppty giiyyort SUPPilR T . -pport wppoffr su?port gykxyfsupport SUPPO.RJ support SL. pporr 511PPOrt.support SUPPORT support support support support SUDDort support uppart- sukportlsupport 70+ individuols supported Vorying support PTogrommes/ plotforms delivered proyer reflection bible study - recovery work Achievements and Performance Page 18 BourneM0￿h Young Men's Chrisoian Association Trustees report Perlod Ended 31 March 2021 Flnan¢ial Rewew AJr a rcAuIt of the coronawnJJ. we followed Govemment guidance to dose non*ssential sèrvices lii lai¥ March 2020. TI1¥ impact of COVID-19 has been considefablc on the charities. The housing pro￿510￿ and the childrèn'5 ientres. both of which proviLle frontline services to individual= childrcn Jnd families remained mainly operaiional. However, the I'eSiiltil)¥ Ivss vl in¢ome for the 15 month period was £776.784 for the 8roup1£7Y,678 for Boumemouth YMCA alone). Like all charities that rely on fvnding and donations as an essential parr of its income 8eneration. YMCA BoumemDUth has experienced reductions in contract values ovcr rcccnt VCary4 as well a5 some shortfalls in grant funding. However. we have been very successful in achie¥in8 some addilional Krants in 2020121. as follows.. FuAder Amount 1£) Area of work Deiarfs BCP Council 25,rJxi Hostel & restsurant. Lifewise. business developmenl Administration Winton YMCA Small Business Government Grant Icovid 191 BCP Counol Small 8u5ine$5 and Government local restriction grnnts Icovirj 191 Small Busine55 ¥fant (Covid 191 Small Business 8rant (Covid 191 Small 8usir¢ess and Government local resirirtion Covid 19 Small 8usiness and Govemment local restriction grants Icovid 191 Small Business grant (Covid 191 Small 8usiness grant Icovid 191 Job retention Scheme gfants Icovid 191 Rent deposit schemè £lOX Fof beddin81 laundry due to COVID 19 addr(ional expenses To sUPPJrt service delivery To cover additional cwe costs due to Covid 19 26.450 8CP Coun£il BCP Council 8CP Councll io.c io.c 23.92S Fusion Youth Centre Half-time shop unttion Leiwre Centre rènts DCC CouNil Sandyholme 20.398 BCP Council 8CP Counctl MRC iO.OLK) Pokesdown Youth Centre Yownsend Youth Partnership Ac¥os5 all departmentsl Hostel Hostel io.orx) 391,494 iO.t))J Nationwide Cornmunity Grant Tesco-bags of help- Ivla Groundwork LIKI Greggs Foundation SovereL8n Housin8 Association {¥ia the Good Exchange portal) Talbot Village Trvst 5( Counsellin8 Restaurant Hosrel I Counsellrng service Core costs to increase our mental health and pS￿h0$¢¢1al capacity to support our community Additional Covid 19 core costs for overheads and to increase counsellor hours. Equipment Additional Covid 19 core costs including PPE. deaning prodvcts. relief staff and 20.QiKJ Oorset Coronavirus Community Fvnd ladministered by Dorset CommunÉry Foundation Skills max grant The Albert Hunt Tru51 Covnselling ser¥ite Chatterboxes Hostel The Valentine Charttable Trust lo.￿0 Child Contatt Centre G)re costs to replace lost incorne through room hire. supported and wpeNised contact sessions.. increased costs of telephone callx and ¢nvesiment in di8ital media plaiforms. staff tosts Page 19 B￿rnemo￿th Young Men's Christian A$s￿latiON Trustees report Period Ended 31 March 20ZI Fknanclal Review contlnued Funde Am¢wnt 1£) Area ofwo Details CAFfASS The Asda Foundation The Lèdy Cobham Foundaiion YMCA England & Wates YMCA England & Wales Allchurche5 Trust Child Conrart Centre Hostel Child Coniact Centre Hostel To fund supporred contact se55ions Toiletries for hostel 496 Core c05t5 711 Spon50r a room proje Covid 19 The funding pro8rarnme was called 'Hopè 8Èyortd' and tovefed core Costs towards InrThation Hub so.ojo Junrtion Youth work 20,￿j BCP Council 7t)) Pre-sthool YMCAB Ichatterboxesl nselling Holiday artivities and food prograrnme Core costs to £38.4ty) for YMCA8 to indude £3K rnanagement char8e lor YMCAS and help towards Finance and HR. Plus 6 months core tosts covered for Chatterboxes and Counsellin Youth work Youth work Youth work- inno¥atioTh hvb Core Costs Core costs for Chatterboxes- delivering 3 online youth sessions per week as well as youth w(rteYs probiding weekly l..1 telephonel video support to young disabled people struggling during lockdown and as a direct result of Covid- The Nat10nal Lottery 92.890 BattersbyTrust Award5 lor ASI Awards lor All Neighbourty Community Giant Fund United Wav Pokesdown yO￿h Centre 7.487 9.929 400 Poke5down Youth Centre Townsend youth Partnersh•p Townsend youth Partnership Townsend youth Partnership Oorset Coronavirus Community Fund ladministered by Dof5et Communitv Foundationl The Foyle Foundation Townsend Youth Partnership £5.(W for the Innovation hub and £5.Crf)O for Child Contacr Centre from the Neighbovrhood Fund via OCF Core costs towards TYP ant4 Innovation Hub. In the application Innovation Hub was talkd Training and Well-beine Hub. The name was later changed internally to Inno¥ation Hub. The funding pro8ramme w35 called 'Hope Beygnd. and covered core costs tow3rds Innovation Hub Sumrner 20213ttivilies for ihe children'5 proiect io.o)o Townsend youth PartnefShip Allchurche5 Trust Hope & Beyond Group Townsend youth Partnetship Sovereign Housin8 Association Ibtya the Good Exchange portal) Townsend youth Partnership In 2020ni. housing and 5UPPOrt w¢yk continl￿ to thri¥* and indeed ￿ern￿d inueased. The Trustees approved capital Expenditure of E125K to Cleate 6 more en-suite hostd rooms io meet thts increased demand. Wetendered for and achieved an additional lufiding contyact with BCP counal to help accornmodate the ￿rett homÈles5.' this is in addition to the Supporting People Contract we have. whlch continued at the same rzte. The Children's Centfes contract also continued in Pokesdown and Southbourne. Townsend and Queen's Park. but the service level agreement changed meaning a review of iesourtes auoss the centresto bt compliant. There was increased demand for these services thfou£hout the pandem& rn05t nthabty due to an increase in instsnces of doMe￿ie wolence. Page 20 Bournernouth Youn8 Men's Christian Asso(ialion Trustees report Period Ended 31 Marth 2021 Fifiaftcial Review tontinued The BCP revenue grant for the Jurbrtion Lci•urc C¢ntrc carne to an end in Marth 2020. and we have been advised that distrctionary business rate: relief would be withdrawn from April 2021. 3lthouÉh this has now been deferred until April 2022. Wo are awaitin8 information regarding the new criteria for thisErnnt before knowin8 how it will affect future business rates. 6oyrnemoyth YMCA now only retlaims 2% of VATon expenditure and had an increase In our IlabllÉty lof VATfrom c E1￿K p.a. to c É182K p.a. Ibudget £2SOKI. Continuing ri4V• in National Living Wage and Employers. Obligati¢Y￿ of Employers, Natlgnal Insurance Cgrit¥ibulion5 and Workplace Pcn5ions havc also impacted on expenditvre for the year. Th¢ A5$0¢iation pays 7% employers. pension contributions, in order to be complrdnt Wbth workplace pensions ie8islarion, whith 1$ 8er*rous cornpa￿d to some employers but thc Tru•tcw- havc r¢cogni•cd thot mo•t st3ff are noi on high rates of pay. In some areas. benchmarking of salaries against local competitors ha5 tsken place and the Tru5tee5 have reviewed rates of pay to ensure equlty and taimess. well riing.toff costs. expendtture for reactive repai￿ to all our 51te5 remain5 high. General wear and tear but also 50mo delibeTOtc artJ of vandolism have an adverse effect on budgets. aswell as compliance with GDPR and ensurin& robust So￿4a[C against cyberseeurity attacks have imparted our IT infrastrvrture and bvdgets. However. reviewing effieiencies and best value for all our contrnctcd sup￿1￿4 and purtha*ing hove helped to min5mi5e centr)I wsts for the Asso¢iation and this. together with careful bud8eiin8 and financial plannin& have helped towards this yearfs overall results. The Trustees would h.kc to record their thJnL ond recognit￿ to the managerrent and staff. whose continued WQfk ¢ffgrt. professionalisrn and commitment 15 comrnended. The activities undor Health and FitnvAS through thc Junttitsn Ltr&ure Centre and L￿w[se gym and Sport5 Hall have been disrupted due to restrittions and lockdow￿ but impro¥ernents to ensure social disrancin& ypgrèding ￿tIlation $￿temS and additional cleanin& hand-sanitign6 stations. PfONigon of PPE and furtherstaff training to improve Customer experience wtll ensure a hezlthy cnvifonmtnt for membLY going forward as the centres le￿pen. ufél bar and crethe closed due to Covid-19 rcstrirtion4 and rc4ultod in 4omc •¢Jft fcdundjnci￿￿. The housin8 department continue5 th￿r high quality 5UPPOrt despite very difficult circumstances and the flnancial results have been helped by exceptionalty low wds again this year. The Supporting People fvnding tontinues. and neither the tontrart value nor number of contracted rooms were de¢￿a￿e￿, following another highly successfvl qualrty assurance audit. The addition of ￿lm rnorc hortol rooms will hclp to &erviccthe new Protert Contract wTrth BCP Council. There has been noticcable increase to the thaotic natvre of clients. and staffin6 levels have been increased to refiect thii We were also able to provide take-away meals for indiwduals housed in local hotets during the lockdowns. which was a uedit to oui tatering Staff J4 well as the wider houdin£ and ￿PpOrt team. We were pleased to receive donations of food, includin8 high-quality meal from CoDL* ol We.ttbourne. which were rhared tse￿eeTr hou4ire and Children Centre client%. IIC£V4•fvl revi¢w from our cornmir jr oners for Children's Centres has provided Eoniinued confidence in our excellent service dclivcry Jnd a￿E¢l￿es. The prO•e￿choOl continuesto thrive with g¢)od orcypanry Jnd we are grateful that OCP covn¢il continued io fvnd at our previous occupancy rates whtre ch+ldien were absent dueto the pandemic. allowtnB the service to continuo undisrupted. The Child Contart Centre also saw Jn incrcJse in referralf follL)win8 lockdowns. and we are now contracting with more Lotal Authoritie5. who have reco8nised our hi8hly qvalified stalf proyiston. whereas some contact servites are run by volunteers. Tho new counsdlirwJ St￿L¢e hJs al*A rnct with inEmxod JmongLt st3ff and clients. Page 21 Bournem0￿h Young Men's Chrlstian As%￿1atIOn Trustees report Peilod Ended 31 March 2021 Finantlal Review coniinued We hJvo been successful in s•curing funding for this and to enable a new InnovatF￿ Hub to be launched for young people in 2021. Pokesdown Community YoLtth Centfe coniinues to operate as a youth centie in the Southboume area of Boumemouth. poke.down if onc of the old￿et youth irt the country and thou.rand: of young people have benefiied for in excerr ol 100 years. Durin8 2020121. Ihe COVIEh19 pandemic disrupted operationsgeneralty and social dI￿ancing measuresand Governrnent restrictions affetted youth work 5peuficèl￿. However. open youth work sessions were able io meet remote￿ online when unable to mect face to face. Although nurnbcr￿ of young people Wcfe high at the.tart of the year. numbers detrea.cd ov¢r thc courJ¢e of the pandcmiL With lower nvmbcryth feturnine Js open 4fw4dPions resurned. there arc plans in place to emrend the work in the Pokesdown and Southtourne area: in 2021, and we havc two Audent: frorn Moorland: Bible College supporting the youth worker5 in the development ofihe work with youn8 people. The YMCA Bournemouth hDlid8y tlub provision was a150 adversely affeded by COVILY19 restrittiorts, but it is aniicipated that these wtll also recomrnen£e in the summer ot 2021. Pokesd¢)wn Community Youth Centre achieved only income of f479 lor Febfuary 2020 half-term compared with £5.483 in 2019 and a budzet for the 15 months of £4.320. Lelling5 of premises helpio make the centre financialty Viable when ftot in use by the youth team or for holiday artiwties. The tharty was fortunate bn that most regular hirers tontinved tts h(Inour their financial commitments although ad hoc lettin85 ￿d￿Ced throu8hout the pandernic. Income from lettings amounted to £20.$09 for ihe 15-month period compared with a bvdget of £28.730. Wt were pleased to wekome and accommodate The Redeemed Chil￿1•￿ Churth ofGod. New 8e8inntn8 Chapel Bournemouth. vtho rneet ￿￿larly for thew services on Sundays. an energeticchurth for adult5ljvniors. The 14all booktngs continue to growwith rcEular hirers prcfcrrcd to one off events. and we hope alrA) io build on thi￿ cent being a location where our popular YMCA Training Courses are delivered. The Towniend Youth Partnership contlrtues to impact on the lives of young peoplc living on the TownrJend wtato providing positive activities antl outcornes for them. T¢)vmsend Youth wcrfk provides a safe place for young people to go. providing positive opportunities for them ¢0 develop personal and sociawinterpersonal skilLs. Youn8 people a￿ supported by irained youth worker5. who are ableto ad￿Se. entourage and work with young people ai critical tirne in their live5. to ma￿mse their potehiial. as well as being 5uppMed by the chaplèincy team of 8oumemouth Ym￿. The Chaplaincy department has coniinued io support ￿aff and residents duriA8 the pandemic. fatilitating individuals and groupsto partbcipate in prayer. reflertion. 8ible swdy and reco¥erywork. Two residents wère helped with their desire to be baptised and a local miThi51er Conducted the ser¥ice. ￿Ong￿tth our support staff. Chaplaincy continue5 to work to enable those r( seThes learn the power of fr*rÉiveness in their lives and the importance of reconciliation with family and friends. Townsend Children's Piojtd run 2 sessK*ns a week with an average of 20 at eath session and 70 peoplè on the regI￿et. Chatterboxes runs weekly with 4UPPOrtin8youn8 pcople throush facilitatton Jnd empowermenl to overcome their limitèlions to reath their tull potential. We never ceaseto be inspired by the young people we serve. Our Business Development department foeussed on smallerlund-rai5inE events rdating to and rai*nÈ 3warenvts of on-going homelwness issues. The larger BusLnes5 BIG Yeep Easy Event wad xalcd down in response to the pandemic and on-going sotial di5tanting measures. Akhough Local Authority contract values rcrnained:tatic but wfjth ihe threats of further funding cuts to come. we locussed on other grant SUPPOrt and the Trustees commiknionod a fundrJi:ing rategy. which will wpport and focus the business development department goin8fryward. Page 22 Bournemouth Young Men's Christian Association Trustees report Period Ended 31 Mar¢h 2021 Flnan¢lal Re¥lew ￿NtInUed YMCA 8ournemouth is re8lStered with the Chartered Institute of Fundraising and has produced a fundraising stiategy for the future. and has recentlyappointed a new Fundraistng Manager. wilh vast experience En the charity 5ertor. During 2020121. the tharity has received no complaints irt respect of the charl￿S fundraisiry actMtye5. The char51￿S strategy coniinues to be one of ¢afeful ttsnsolidation and to ttr￿ respond to opportunities as they present themsel¥es, particularly within our contrattual programmes. The surplus a¢hie¥ed in 2020121. as a result of due diligence in reduong expenditure when fated ￿th enormous losses in income. will enable investment into key seYvi¢es in the coming year. There was minimal in*xment in CAPEX throughout the rrfteen-month period due to uncertainty olfinancial imptications of the pandemic. Reserves have been strengthened to a total £3.210k1£3,120K 20191. Reserves are held for the furtherance of the dÈveloprnent of the activities of YMCA 8ournemouth and its premises, and to allow conttnve¢l capital investment in the buildin85 and infrastmcture. Restritted reser¥e5 as at 31 Marth 2021 are £37k12019.. £37K as restated). Designated reserves are £812k12019= £783KI. We tontinue to ser¥iee the loan taken out in 2018 to repèy the pension deficitliability. We took a loan ovef fifteen yearsto over the costs of the hostel refurbishment to provide six new rooms. as well a5 the C8ILS loan to aide ra5hflow if the need arose. ft is anticipated that this loan will be repaid unless any further resrrittions a￿ intrOdU￿d by GovernmenL wl¥ch would see us once again closing ser¥ices. The Trustees consider that the financial performance refltct5 the actr¥ity undergone in the period and continue to be 5at15fied that future benefits will be derNed from them. Pale 23 Bournemouth Young Men'$ Christian Asswiati Trustees report Perlod Ended 31 Marth 2021 Str¥tsKi¢ Re¥lew Th¢s report isa falr review of Boumemtyjth VMCA'S business and is in accordance wth IhèSORP. Areas that have been recognlsed are". Effe¢tive bu*ntss plannirrf. v•ith a new Business Plan to be produ¢ed lor the period 2022 to 2026 Effective performance management of all staff ¢0 ensure all activities are deliwered to the highest pos&ble standard. Continue to re￿eW¥¥1ue forMOn￿ and outcoffles based on.. Key performance indicators and bench4nKking Quality of5erw5 delivered Social benefits to indi¥tdual and communtlies 8enefiis to Association Financial retums Generate surpluses to mainiain a Viable Organi￿tIort, fvnd the capital proBrornmc and continue to develop 5er¥ice5 for customers Ensure high levels of tustorner satisf4ctitin are achie*d Promgte the Asso(iation's chris1ianvalue5 Expand use of volunieets io enhance serrices Secure exi51inB rent thargesand additional svpport fvnding-partneringwith Local authorities Develop and incre•se in quantity and quality ol accornrnodation Extend supported housing Continue outreach work for street hoffleless (linking ￿th Chaplaincy team) artd workto combat homelessness in our area Provide excellent family support seryices in the loul area secure Children's centre contracts Further expand our thaplainry and counsellini services Expand Contsct Centre work In(￿ase ihe Po￿tive impact on tht livesof Ch￿d￿Th ènd youn8 people in the community Secure funding loryouth projects Extend ￿nershiP Worki￿ with other Christian organisations IChurche51 Sth001s Extend training offer for in-house trainin8 and to external organt5atw)n5 Offer youth mentorin8 through the lftno¥atton Hub Increase usage Imemberships of Lifewise and Sptsrts hall •1 Westover Road Extend our Health and Wellbeing work Identifyirvd new leisure fatilities COVID-19 restriction5 wntinue and the strategic objertives be subjert to continuou5 rebiew. Page 24 Bournemouth Young Men'5 Christian Assrfiati¢n Trustees report Period Ended 31 Marth 2021 Valut For Mow Metrks The Board of Tfustees bs committed to achievin8 value for money IVFMI in YMCA Bournemouth's service planning and delivery in accordancewith itr five year strategy and The Regulator of So¢ial Housirfs {RSHI ¥alue for moDey st?ndard. YMCA Boumemouth aims to.. Integrate VFM principle5wlthin all management, plannln8 and ￿leW processes Adopt appropriate. recogni5ed good praclice Promote a culture of continuous improvement Demonstrate to both internal and extemal Makeh(4dersthat the achwment ofVFM 15 sought in all attivities undertaken Ernbed VFM principles ih the cvfture of YMCA eoumemouth so that all tntstee5. Staff and volunteer5 recogni5e their contbnuing responsibility to seek VFM ftr the thartty as part of their routine artivities. VFM is to achieve the rieht balance be￿een economy, efficienryand effedi¥ene5s. E55entTrzlly YMCA BournerT*JUth is required to thc irnpact￿ of all IL* tt>tts to be t meet iL:t3keholdors' needs. This means spendingefficiently to ensure there is optimum balance between rdati¥ely low costs, hi8h produrti¥it¥ and Succe￿￿1 outcomes. In 2020121, we have ensured VFM in a number ofways Occupancy levels have remained high.. total voids and bad debts ifi the hostel We￿ 5.85%15_4% 20191 of total income Itar8ei 5%>." total voidsand bad debts in Delta flats We￿ 2.13%16.3% 20191 of total intome (target IO%I.' total voids and bad debts in Trafford House were 11.35%112.1% 20191 of total irbcome Itarget IO%I.' ènd totsl Voids and bad debts in Boumemouth Road were 5.8011.7% 20191 of toial irtcome Itareet lO%I It slhjuld be noted that Trafford and B0urr4emo￿h road are 14-bed and 5-bed schemes respettiyely and a smèll void peTic*J has a proptsrtional￿ bigger impart upon the pertentage. We continue to work closely with 8CP C(wJncil to er15ure referra15 are as5es5ed within 24 hour5 tts reduce periods and ensure maximum use of our accommodation We have been succe55fv1 in securing additional contracts for service5 We continue to use Ovtcomes Star as a method of e4faluating resident< progress We artively encouraqe attendance in our and physical actiwties in ihe sports hall to enhance the cltenls. health and well-beiTr4 eakh and wellbeing 51te5 monitor attendance leve15 in the 8ym. swimming academy and fitne$s classes to enable u5 to determine what. if any. chan8es are required to maximise the facilities and siaff membets. as well a5 income We actively encourage attendance in our gym and physical artivriie5 in fhe spgrts ￿11 to enhance the dient5' health ond wdl-bein8 Health ond wellbein8 Sites monitor attendan￿ leweb in the gym. svAmming academy and fftness classes to enable us to detemiine what, if any, changes are required t¢ maximise the fa¢ilttie5 and staff members. as well as incorne The upskilling of employees within our Heath & Fitness area5 ensures that employee development is encouraged and strucwfed. and thai VFM Fs inserted within our programme delivery as direct costs are lowered O¢tuparKy levels acr05s all ovr kncations are managed and continually mortitored to maximise return The cros5￿till$￿t10n of staff withtn ovr Heatth & Fitness locations and Business Development delivery enable5 VFM to be achieved thfough the lowering of Staff costs Page 25 Bournemouth Young Men's Christian Association Trustees report Period Ended 31 Marth 2021 Value For M41ney MetrKs continued Children's seNtes tontinually monitor attendante ￿¥e[S in theirvarious schemes. tlas5es and sessitsns to ensure that any targets set by fvnders are beiTr8 tnet ènd to énsure that our facilit$￿ and staff members are bein8 used to thetr fvll potential Youth Servi￿ moruior attendance le￿5 in their se5510ns. enabling them to meet funde objectbves and io ensure best Use of facilities and staff We monilot customer ￿tIsfact￿N acro4 all our seThficeto consider improwTrents that may be made in delivery and outcomes Staff Structu￿ across all department are continually under ￿t￿. Alongside compliancewith the Value for Money Standard and Code of Praaic< we are experted to report on certain VFM Metrics to enable effective compari50n across the sector. rhe metri¢s are included bel¢)w. VFM Matrix iozV2021 2019 2018 Benchmark Reinvestment 2.70% 1.19% 3.90% 4.20% ITotal tapex incl purchase of new pfoperties and CAPEX on existing propertles as % ofhousinR properties at costl New supplydElivefed.5ocial htyJsiFvd o.c￿% 0.00% 2b New supply deli&*red- non 5crial housing o.co% o.c Gearin8 19.94% 16.86% 16.01% 30.50% E81T .110. 181.25% 160.87% 225% Headline wcial hwsin8 co# per unit £16.13 £11,140 £11,118 £4,520 6a Opeiating margin (Social housing lettingsl 28.43% 29.07% 27.00% 25.20% Operating maryin l¢)¥eralll % excluding sale olfiKed assets 28.43% 29.07% 27.00% 24.￿% 7b ROCE lo¥eralll 15.11% 12.05% 3.30% Fuiure Plans The group's results in 2020121 were affected by the unpretedented tin￿ of an internaiional pandemic re5vlting in losses of income. Earty interventions and deusitins takento reduce expenditure and shel¥e CAPEX. has rtsulted in an o¥erall surplus. t•thith gives the charities stabilityand certaintyto 80 fryward vrrith their plans in 2021. Page 26 Bournemouth Youn8 Men's Christian A550¢iation Trustees report Period Ended 31 Mar(h 2021 Truslees. re￿ortSIbIlItIeS statement The Trustees Iwhg are also director5 of Bouinemouth Young Men's tristian Association for the purpose50fcornpany lawl are responsible for preparin8 the report and financial statements in accordance with applicable law and regulations. Thè Companies Act 2￿6 and registcred social housing 14islation require the Trustees to prepare financial statements for each linancial year which give a true and fair view of the state of aftairsof the assoctation and of its inconie and expEnditure for the perrod. In preparing these financial statements. the Tru5teesare required to.. select suitable accounting polidcJ ond thcn apply them Con￿StentI¥." - make judgernents and estimatesthat are fcasonable and prudent- - state whether applicable accounting standards hab* been followed. subject to any materi•l departures di5ckned and explained in the finan¢ial statements,. and - prepare the financial 5tstements on ihe wn8 concem basis unless it is inappropriaie to presume that the association will rontinue in by5iness. The Trustees are responsible for keeping proper atcounting records whieh disclose vhth re350nable accuracy at any time the rinancial position of ihe association and en)ble it to ensure that the ffinanoal statemEnts comply with the Companie5 Act 2CiJ6 the Housing and Regeneration ACE 2008 and the Accounting Dirertion for private regisrered providefs of social housing in En8lantl 2015. It has general responsibilityfor takin8 wsonable stepsto sèfe8uard tl)e 4$sets Df the 3s50Ciatton and to prevent and detect fraud and other irre8ularitie Disclosure of infomiaiion to the auditovs We. the directors ol the c¢)mpany who hdd office èt the date of approval of thde Finanoal Ststemtnts as Sgt out above eath confirm. so far as we are aware. that.. - therè 15 no relevant audit information of whith the companTls audFtors are unaware.. a - wè ha¥e tsken all the Steps that we 0118ht to ha¥e taken as diiertors in order to m3ke ourselves aware of any releV￿t audit iftfofmation and to estab￿Sh that th¢cornpanrfs audrtors are aware of ihat infomiation. In approv(ng the Trusrees Report. we also appro￿ the Strategic Report included therein, ￿ our capatity a5 cornpanv directors. Onbe ft Board Richar*y £1￿, Chairman Date: 29 Sep*mb¢r 2021 Page 27 Bournemouth Young Men's Christian Asso¢iation Independent Auditor's Report for the Period l January 2020 to 31 Marth 2021 It￿•Pendent Auditor's Report tothe memb￿ of B¢um¢m(*th YOU￿ Men'5ChTiStian Asso¢ia¢ion Opinion We have audited the finaNial statements of 8tyJrnemouih Youre Men's Christian A550ciation (the Groupl lor the period ended 31 March 2021 vthich climprise the Group and AssoEiatK¥n Siitement of cL)mph￿￿$el* Income. Group and A550C*ation Balance Sheet. Group and Association Statement of Chaoges and Reserves. Group Cash Flow staternent and notes to the financial ststements. including a summary of siBnificant accounting policie5. The finanaal reporting framewofk that ha5 been applied in iheir prepayaiion is applicable law and United Xifi8dom Acctyjntine 5tsndard% including Financial Reporting Standard 102 The Financial Re￿rtIng Standard applicable in the UK and Republic of Ireland (United Kingdorn Generally Accepted Accounting Praclicel. In our opinion the financial statements-. - give a true and fair view of the state of tl* ¢ro¥p and associat￿￿.5 affai¥s as at March 2021. and of its *icoming resources and applitation of resources. includine its inC￿e and eXpendrtU￿. for theyear then ended.. - have been properly prepared tn accordance with United Kingdorn Geneièlly Accepted A(counting Piartice,. and have been prepared in accordance wilh the requirernen￿ of the Companies Act 2006. the Hou5in8 and Regeneration Act 2008 and the Atcountine t*"Tertion for private registered provilers of social housin8 in England 2019. Basis for opinion We conducted our audit in atto¥dance with Internattonal Staftdardson Audiiin¥ {UKI IISAS IUKII and applicable law. Our re5pon5ibilLtie5 under th05e standard5 are further described in the Auditorfs responsibilities for the audit of the financial statements settion of our teport. We ère bndependert olthe group and assoCiat￿)n in actordance with the ethital requiremerÈts that are relevant to our audit of the financial siatements in the UK. induding the FRCS Ethical Standard. and we have fulfilled our other ethi￿1 re5POn5ibilitie5 in accordance wtth these requirernents. We believe that the audit evidence we have obtained is suffi¢*nt and appropriate to piwde a basis for otsr opinion. Key audit matters The impact of COVID-19 ON the UK economy has beeh si8nifi¢artt and in kne with all UK bustnesses, thi5 tonyany ha5 taken steps to address the i5SLtes zri5ing from the pandemic. As the pandemic spread across the UK. Bournemovth Young Men's Chrstian Association responded by bjentifying those areas of the organisation that are key front line seNces and other incorne genentin8 wojectsthat would be dosed under 8overnrnent advlce. In order to ertsure that the working capital ts maintained. Ihe company ha5 secured addit•on31 fundin8 from various charitabltirusts and also applied for and reteNed eo¥etnment 8rants where available. Where adivities have bad to be mothballed the staff have been lurloughed leaving vnlythe key indiwiduals for delivery ol front line Se￿iCe$ and the sertior management team.. Cashllow forecasts indicate that this will provide adequate fundin8 even In the event gf severe restriction5 on the company's abilily to Continue io generate income over the next 12 months. The audit was noi Substantial￿ disrupted in any way. other than the ability to cornmunicate in person with those charged w¢th 8o¥emance at the plaftning and completion stages. We can conclude ihat there are no other key matter5 3550ciated wilh this audtt. Conclusions relatine t•$oin8 We have nothing io report in respett of the followin8 matter5 in relation to which the ISAS IUK) require usto report to you where.. lh* board's vse of the going coficem basis of accounting in the preparntion of the financlal yaiements ts noi appropriate.. or the board has rtot disdosed in the financial sratements any identified material uncethinties that may cast518nificant doubi about the group's ability to continue to adopt the 80ing contein basis of accounting for a period of at least twefvè month5 from the date when the ffinan0￿ staiements are authorised forissue. Page 28 Bournemouth Young Men's Christian Association Independent Auditoes Report for the Pefiod l January 2020 to JI Marth 2021 oiher infomiatlon The board is re5pon5ible for the other information. The other infornyticffi comprises the information included ii) Lhe Board Report. other than the financial staiements and our auditorfs reportlhereon. Our opinion on the financial staiements does not co¥er the other inforrnation and. except to the extent otherwise explicidy in our report we do not expre55 anv torm of assurance conclusion thereon. In connection with our audit of the finantial %tJrementJ. our I￿po￿albilIty is to read the other inforrnation and. in doing 50. consider whetherthe other information is materially inconststent with the financial statements or our knowledge obtained in the Judit or otherwi*Je appcarJto be materially fflisstaied. If we identify such material i￿On515teTrC1es or apparent matèrial misstatements. we are required to detemiine whether there is a material rnistta OtcmElIt in the financial statements or a mJterial mi=:tatemcnt of thc other inforrnation. If. based Oh the workwe have performed, we conclude that there is a material mi55tatement of thi5 Other inforrnation. we are required to rq)ort that frdct. We have nothin¥ to report in this rt83rd. Oplnlons on other matters prescribed CompaniesArt 2006 In our opinion. based on the woik undcrtaken in the course of the audit- the informatv)n given in the board report lincorporaiing ihe strategic report) for the financlal year for which the financial:tatemeThts arc prcpared i-. conai5tent with the finznaal ststements- and the board report lincorpofatin8 the Strategic report) ho been p￿pared in accordance with appltcable le8al requirements. Matters on whlth we Ive requir¢dtoreportbyextepti•n lrt the light of our knowledge and undetstandin8 of iheeroup and itsenvironmeni obtained in ihe course of the audit. we have not identtfied matefial Misstatements in the board report {trMr￿r?tsng the strategic report) We have nothing to reporr in rcJPCrt ofthc following mottcr3 in felation to whith the Companies Act 20C￿ ie4uiit> U5 t report toyou if, in our opini¢￿. adequate actounting retords have not been kept or retUrn53dequ3te for our audit ha¥* not been received from branthes not visited by us.. or the financial statemenis are noi ffl a8reement wfjth the accounting records and retums.. or certain disclosures of directors. remuneration specbffied by law ale noi made- or we have not received all the infom4tion and explanations we require for ouraudit. In addilioft. we have nothing to re￿ in respttt ofthe foll¢)wing rnatterwhere the Housing and Regenetation Acl 2008 requires ys to report to you if. in our opinion= a 53tisfaetOry 5V5tem of control over transattions has not been maintsined. Responsi￿1￿￿e$ of the board As explalned more fulty in the board's responsibilities statemeni sd out on page 27. the board members (who are also the directors of ihe association forthe purposes of company lawl are resporksible for the preparatton of the financial statements and for being ratirfiod thai they gwe a true aThl fairview. and for gjth intèrnal control as tl)¥ buaid deierinine is necessary to Ènable the preparation of finantial statements that are free from rnaterial misstatement. whetherdue to fraud or error. In preparing the financial Slaterncnts. the board is re5ponybFe for as5es5in8the associat￿7￿,$ abifity to continue a5 O 8oin8 Concern, dixlosin& as applicoble. matters relaied to going ¢oncern and using the goi1)8 conceiii basis of a¢Egunting unle5S t board either intends to liquidate the association or io ttase opef*ions. or has no realirticalternaiive but to do so. Pa8e 29 Bournemouth Young Men's Christlan Awciation Independent Auditor's Report lor the Peilod l January 2020 to 31 March 2021 Audittir's Iesponsibilititslorthe audit of thefinaft¢ial slatem￿lS Our objectives afeto obtain reasonable assurance about whether thefmancial starernents as a t*thole are free frorn material mi5Staternent, whether due to fraud or enor. and to issue an audtiorfs report that indudes our opinioTr. ReasDnable a55urance is a high level of assurance. is not a guarantee that an audit condurted in accordante with ISAS IVKI will always detect a material rnisstatemenl when it exists. mi5stateff￿Trts can arise from fraud or eryor and are considered material if. individuallv or in the aggregate. they could reasonably be expected to influenCet￿ econornic deci￿￿$ ol users taken on the ba515 of these financial statements. Irregularf(ies. Includi￿ fraud. are in5t3nce5 of non-cornpliance with laws and regulatTron& We de5w wocedures in line w*th our respongbilities. outlined abobt. to detect material misstatements In respecr of lrrequ1arit￿ irbcluding fraud. The extent to whith are capable of detecting itte8ularities. indudin8 fraud is detailed below= . We obtained an vnderstandin8 of ihe le8al and regulatory frameddorks èpplicable to the Group aryl the seaor in which they operate. We ddermined that the fdlowin8 lawsand regulations were most Significant". the Compan¥e5 Art 2rx16. the UK Corporate Governance C¢de. UK corporate tsxation laws and UK8overnment Covid-19 support scheme - We obtsined an understanding of how ihe Group are cornptyin8 wilh those legal and regulatory frarnewwls by making Inquires to the managemenL We corroborated I￿r enquifies through our review of board minute5 and papers provided tothe Cornmittee of Mana8ernent. - We asstssed the 5U5ceptibility Gnjup's financial statements to material rThsstatemenL includÉn8 h¢w fraud might occur. Audii procedure5 performed by the engagernent team included: 11 Identifyin8and a55es5ing the de9gn effecti¥eness of controls mana8erneni ha5 in place to ptevent and detert fratsd: 21 UndetttandinE how those charged Wbth go¥ern3nce considered and addressed ihe potential for o¥effide of tontrols or other inappropriate Influence over ihe financial reportÉng process." 31 Challen¥(ng assumprrons aftd judgments made by Manage￿￿ftt rn its significant aCCDunt•n8 estimates.- 41 Identifyingand testing jr)UTnal entrie5. in particular anyjournal entries ported with unusual account combinations- and Sl Assessin2 the exient of compliar￿e with the rele¥3nt law and rtÈulatM)ns. A further description of Ouf rÈ5ponsibi￿tles forthe audit of the financial statements is bcated on the F￿anCial Reportin8 Council's website at.. w*M.frc.orB.uklauditorsrespon%bilities. This deSUiPiion forms part of our auditorfs report. We ¢ommuni¢ate with those thafged with govefrhince regardin& arnong othLY m3tters. the planned stope and tirning ofthe audit and si8nifi(ant audit findings. includin8 any si8nificant deficiencie5 in internal tontroj that weidentify during our audit. Page 30 Bournemouth Young Men's Christian AssociJtitYI Independent Auditor's Report for the PeTÈod i JanuJry 2020 to 31 March 2021 Use of our report This report Is made solety to the ?SSO¢iètion's mernbers. as a body. in accordance with thaoer 3 of Part 16 of the Companies t 2006 4nd sectyort 137 of the Hoysing and Re&￿eratiOn Act 2008. Ouraudit WDrk has been undertaken so that Y4e might state to the a5500ation'i members thode mJ¢tei: we are required to 5ts1e ty them in an auditorfs repon and lor noother purpose. To the IvllcA extent permitted by law. we do noi a￿ptOr a%gJme responsitslity to anyone other than the a$50tiatlon and thE a5y>ciation'3 membdvTS asa bcd¥, forourauditWOTk. lu this report. or for the opilliws we have lormEd. Mr l M Rodd Bsc FCA FCCA ISen*ot Starutory Audiiorl for and on behall of ward Goodman StatutOryAudiior 4 Cedar Park tobham Road Ferndown Industrial Estate Wimbofne Dorset 8H217SF Date: Page 31 Bournemouth Young Men's ChfistFan Association Statement of Comprehensive Incame Ilncluding Inmprehtnsive inwme iii io 1311 Transleis (see note 171 iioi io At 31 Marth 2021 2.411 37 762 3.210 A550fiation I￿offie and expenditure reserve Re4aluation Restl￿ted De5iBnaied reserve reserve Total £oco £ofyJ At l January 2019 2.112 814 2.927 Surplusl Ideficitl forthe year 1361 1311 Total tomprehensive income 1361 1311 1661 Transfers li Iiii At 31 De¢*ml￿ 2019 las ￿Stated) 2.087 iioi 783 2,861 Surplu51 Ideficitl for theyear 153 io 1311 132 Total cornweh•nsi¥e in¢¢me 153 io 131 132 Transfers Isee note 171 iioi io At 31 Mar¢h ZOII 2.240 iioi 762 2.993 The fiotes￿ paee$ 36 to 52 fomi part of I￿Se finanoal Statements Page 34 Bournemouth Young Men's Christian Associ*ion Statement of Cash Rows for the Period l January 2020 to 31 Mar¢h 2021 Group Grovp Period 01.01.20 Period 01.01.19 to 3L0321 to 31.12.19 £000 Note Cash flowfrom operatini a¢tlvt 476 163 Nel cash flowfrom ¢wtrating arti¥ittes 476 163 Cash *ovifrom invÈstlngxb¥Tlies Payments to acoutre tan8ible fixed assets Assets acquired Interest recebved Proceeds from sale of investment 11501 11681 Net cash Ilowfrorn Investing atti¥itses 1148 11621 Cash flow from financiniartivitles New loans in the yeai Aepayrnent of loan5 Interest paid 6ZO 1501 1491 Mèt flow from finanring athits•S 521 1991 t in(reJ* I Ide¢fe•sel in (ash al￿ cash equlvalents 1981 Cash and cash e4ui¥alents at ljanuary 2020 738 836 Cash and ¢ash ryjivalenls at 31 Marth 2021 1.587 738 Cash and cath equivale￿$ ttinsists of: Cash at bank and in hand Short term deposits 238 500 14 Cash and Cash equNalents at 31 Marth 2021 1.587 738 The note5w pa8e5 36 to 52 form part ofthese financial statements Page 35 Bournemouth Youwa Men's Christian Aw(6ation Notes to the Financial statements forthe Perlod l January 2020 to 31 2021 I Summaryolsi￿Ifi0ftt accowntini pol Leyl form 8oumemouth YtX4ne Men's Christian Issoo*ton is a private ￿•Stered providcrof soc•al htsusmg in the United Kingdom. The address of ihe registered office is given in the ￿&￿$tered provider information on page l of these financial statements. la} General Tnforniation and b•sis of wegarntio The naivre of the regisiered prowder'5 operatiorfj and principal actNities are. providing residential actornmodation in the forni of flats ar¥d hostel roorns io those in ronditivn5 of need. hardship or distress due to their social, physical or econom4C circurnsrances. The Association is committed to helping people. particulath young people. at times of need regaréles5 of their gender. race. ability or fwth. In order io fulfil these objeciive5 the A550tiation operntes a comprehensive ran8e ol programmes of a 5POrtin& Social and cultural nature. This invol¥e51he rnanagernent and operation tsf three youth centre5. a children's centre. thild coniact centre and pre sthoDI. a retreat cent¥e the mèrwent of a le1w￿ centre. The regirtered pro¥Kler Con￿lIuteS a public benefft enirty as defined by FRS 102 The financial ststements have been prepared in accordance wilh applicable accounting standards including F4nancial Reportin8 Stsndard 102 The Financial Reportin8 Standard Applicable in the LIX and Republic of Ireland IFRS 1021. the Statement of Recommended Practice lor Social Housing Pio¥idu$ 2018. and with ihe Accounting Direciion for private re8lStered providers of Social houwng in England 2019. The financial ststements are 3fso prepared under the requirements of the Housing and Re8entration Act 2rJ)8 and the Compan*s Att 2rJ)6. The finanoal yaternent5 have been prepared on a gosr rA)ncern basis under the historical cost con¥ention. m(*Jifiod to include Certain ittms at fail value_ The financi)I:tJtementr prepared in 5ttrlin& whi¢h istht functional cwrentyof the registered pro¥i¢er. and rovnded to the fie3￿51 £O¢XI. The ￿EnifiCant accounting poliaes applied in the preparation of these financial statements are set ow below. These policies have been cofisistently applied to all year5 presenied unless othen¥ise stzted. Ibl Group accounts The re8lStered provider 15 required by the Companies 2LK6 to prepare eroup accounts. The consolidated actounts comprise thefinantial statements of BoumeffKwth YMCA. and of its yjbsidiaries Pokesdown Youth Club (unincorporated tharity no 3019181 and the Townsend Youth Partnerthip Iregirtered coNwny no 04236016. charity ￿￿￿￿tr 10932131. These charities arecon501idated inio this sei olaccounts uryler the basi5 that Bownemouth Young Men's Christlan Assotiation is the sole trustee ol the charities. {tl Intang11 Ae assets-E<￿dW1II Goodwill arising on business combinations is capitalised. ckssTfied as an asset on the balance sheet and amortised on a straiht line basis over its vsefvl Ibfe. Yhe period thosen for T￿llin$ off goodwill is 10 yeav. The rea50n for choosin8this period is that it is the dyectors. assessfflent of the peri￿￿ to be benefited. Paee 36 Bournemouth Young Men's Christian Association Noles to the Financial Ststements for the Period l January 2020 to 31 Marth 2021 Idl Tang1W￿ r￿ed assets Tangible fvAed assets lintluding social housin8 propertiesl are stated at tost lor deaned costl less accumulated depreciation nd accumulated impaim*nt losses. Cost includes c05t5 dtrectty attributable to maknngthe 35set ¢apable of operating as intended such as the c05t of acquiring land and buildings, d￿lopMents costs. interest tha￿eS on loans during the developmtnt period and expcnditure on improvements. Expenditure on improvements will only be capitalised when it results in incremental future benefits 5u£h a5 increasing rental income. reducin8 maintenance c05ts or re5uking kn a sienifitant extension of the usefvl econornic life of the property. Depreciat￿￿ is provided on 411 tsngible fixed assets. at rates cakulated to wite off the£ost. fes5 estimated residval value, of each asset on a systematic basis its expected usefvl lite as foll(Y•V5. Our*n8 the year the Trustees reviewed the depreciation wlicies. it wa5 decided that all new tapital expenditure from the 1st January 2019 wovld be depreciated on different fates. These new fates are de￿lled below. older as%ts will continue to be depreciated at the previous rntes. Pre 2019 additions 2% strai8ht line Ste below Post 2019 addiiion 2% straight line See below IO% Arai8ht line 20% 5trai8ht line 20% straight line 5trab8ht line based on useful etonomit life17 year straight line Freehold properties Housing propertie5 Plant and machinery FI￿ureS and fittin8S Motor vehtcles IO% straight lint 211% reduung balance 20% reducing balance 15% reducing balancel over the term of the lease Impfovernents tts property Housing propertie5 under construction are not depreciated untH thty are in vse. The useful economic live5 of all tangible r￿ed assets are rewewed annualfy. lel Housing propertles Freehold housing properties are stated at tost le55 attumulated dePr￿latiOn. and provt5ion fw any impairment. Bournemouth Young Men's Christian Assotiation accounts for its typenditure on housing using component acwynlin8. Under component accountin& the housin8 property trs divided into those major components which a￿ considered to have substantially different uselul economic live5. These components are then depreciated ￿r their individual useful economic lives. The partitular ctrmptsnents identified by Boumemouth Youn8 Men's Christian Association and their re5perti¥e usefvl economic lives are as follows.. Land nla IrAI years 60 years 25 years 25 years 25 years IS years 20 years 25ytars Cole buildinB Roof W4ndows Kitchens Bathr00rn5 8oiler/heatin8 Elettrics Lift Where a separatety identif*d and deprecioted component of aft existing propefty ts replaced. the ¢arry4ng value ofthe omponent 15 expensed and the co of the replacement component ¢apitalistd. Page 37 Bournemouth Youne Men's ChristSan A550dation Notes to the F•Tha￿la1 Ststemert5 for the pe￿0d l January 2020 to 31 Marth 2021 (fl Impalrment All fixed assets are c¢)nsIde￿d for impairment annuJllyand detailed rwiews of J5xtsforirnpoirm¢nt are carricd out if there is an indication that impaIr￿￿t has ¢x¢utred or rfthey are not bel￿dePreCIated. Igl S¢Kial hou5in8 grant I￿) SHG 15 fecogn4sed when receivable. Where devetoprnents have been financed wholty or pzrtty by SHG. the SHG i% recognised 35 a liability and released to income over the same pef40J the asset is depreaated over. Housing association grants are included under SHG heading5. If housing Properries are disposed of. social housin8 8rants a￿ ￿paY•ble to the 8 Communilies Agency IHCAI or 5ubjea to reStr￿tio[l$ on Ibse and irKluded ¥Athin creditors as part ol a"Rerytled Capital Grant Fund" under most cir¢umstènces. Ihl Goverhment and othereftTrts Grants towarff= eopital expendiiure (other thon housing propertyl are iftduded within accruals and deferred income. #nd then velea5ed to the income 3nd expenditure actount over the experted uselul life of the related a::cts. Grants towards rovenuc expendsturt are released to the incorne and expenditure attount as the ￿lated expenditure is incurred. lil Stoth Stc*£k is stated at the lowerof c05t and estimated Selling price less costs to complwe and sell. C05t includes all costs of purcluse, costs of conversion and other costs ltscu￿d in brinwng stock to its wesent locaiion and condition. Cost Is alculated u%n8 ihe ffirst￿n, first-out fomiulè. (il Oebiors and creditors re¢el¥able/ payable *ithlft oneyeaf Dtbtofs Jnd treditorswith no stated interest rate and recesvalle or payable wihin one yeor Jrc rccordryl ot transactlon pricc. Any losses arising from impairment are recognised in the statement of ¢omprehenswe intome in ￿her administrative expenses. RiÉht* of pAcTJl landlordv to I￿Ve Impro￿YneTht corrul ou¢ to pwopcrtiv- by a thsrd party l•&uth os J local authorityl are recognired as prepaymentswhere payff*nt hJd c￿Curred in advaTr￿ of the works bein8 carriod out ond rcccipts in advance from the Same third party reco8nised as Irdbilities. Assets and liabiliues orinccrfne and expenditure are not offset. Ikl Investments Investments are re(ORnised tnitially at fair value which is normaThy the transarfiort price exduding transartion c05t5. Subsequently. they are measured at fair valuethrough the statement of comprehensive income if ihe sha￿5 are publicty traded or theirfair value can otherwise be measured reliab￿. thher in¥e5rrnents are rnEasured at Cost less impairfflent. 111 Loans and boffwnp L90n4r and borrowings are initially re¢ogniAd at the tro￿tri0n prKe including trnnfJGtior4 Eosts. Subrequontly. thoy Jro rneasu￿ at amortised cost usin8 ihe effedi¥e interest rate method. less impairment. If an arrangement constit￿e5 a financin8 iransaction ft Is rneasured at presènt vahje. Im) Lease5 Rentsls payable and receivable und¢roperating leases are thar¥ed to thc statemcnt of comprehensive income on a straight line basis overthe period of the lease. Page 38 Bournemouth YOU￿ Men'5 Chrirtian Assooation Note5 to the financial Statements for the Period l January 2020 10 31 Marth 2021 Inl Tax The artiviiies of the re8i#ered provider are panially exempt from VAT. The As50c¢atlQn 15 registered for VAT and 15 able to recover VATon a proportion of its purchases. VAT inturred on purchases which is not recoverable is included along vrith the expense io which it retales. or the item acquired, in the income and expenditure account or balance sheet respertivety. lol Turnover and other tncome Turnover represents income frorn the variov5 activities undertaken by the group. Rental income from ihe housing properties. along with lees are recognisetl in the period in whith seNice5 art provided. Revenue eranrs from the local authority and the HCA are reco8nised in the perTrod in which the related expEndi￿re is incuried. ￿1 other trading incoffte is recorded when the semce has been provided. Donations and le8acie5 are account￿ for when the group has been n¢Xified ofthe amount receivable. Supportin8 people income is recogni5ed overthe period in whith semtes a￿ provided when receivable and included in turnover under Supporting People contrzct income. (pl Employet beneffts When employees have rendered service to the registered prowder, short-term ernployee benefits to which the employees are entitled afe recognised at the undiscounted ornount experted to be paKI in exchange forthat service. The registered prowder operates a defined Contribution plan for the benefit ot employees Contributions are èxptnsed as they become payable. {ql Reser¥es Restricted reserves a￿ those reserves which a￿ onty expendable in accordance with the wishe5 of the fltnder or regulatory body. Re5tri(ted reserves include funds raised in response to a specifie appeal. Revenue and expenditure cannot be directly set against restritted reseryes but is iaken through the statement of comprehens¢ve income and ihen a traft￿er to Ifrom restricted reserves 15 rnade as appropriate. unrestricted general reserve-these funds can be used In accordance with the obsective5 of the As50riation at the dlscretion of the board. De￿gnated reserves are part of unrestricted feseThes t•thith been earmarked by ihe Board for a particular purpose. Such design*ions may b¢ re¥ersed by future 8tsard dttisions. Irl Adgements athd k•ysoumsof èstimation uncertainty There are no areas of si8nificant judgement. The key asst*mptions concernin8 the future and other key wur￿$ of estimation uncertainty at the reportin8 date that have a $18nificant risk of cauyng a materi31 adjustment to the carrying amounts of assets and liabilities in the financial year include.. The economic usefvl life of taneibk ftted assets and the experted residual value orl future disposal is estimated by the Trustees based on their knowledge and experience. The rotal carrying value of fued assets not includin8 housin8 properties at 31 Marth 2021 was £3.121k. Isl Prfor Year Adjustment A prior yearzdjustment was required to the restricted funds. for rN>re infonnation please see note 17e. Page 39 Bournem0￿h Y¢ung Men's Chr5stlan AssodatloTr Notes to the Financial SLlternents for the Period l January 2020 to 31 Marth 2021 l Tyirtw, nnel remuneration. Group 3ndAssoriatso The total remuneration for key rnanagement personnel in the 15 month peri￿1 to 31 frAarth 2021 amounted to £83k112 month year ended 310ec 2019- £67kl. Director5 are defined as the members of the board. the Chief Exetvtive afid mthnbers ofthe senior management team or its equivalent. which li alJO the definition of kry rnanagement personnel. The highest paid d￿￿ttor received £83k112 month year ended 31 Oec 2019- £67kl remuneraiion {excludin8 pensions contributions) in the 15 month peritid tts 31 March 2021. The chief executive is an ordinary merthr of the pension scherne. N(>enhanced or special terms apply. Duringthe year. trustees. were reimbursed for out of p￿ket charitable Èxpense5 totaUin8 £21412019- £9701. Page 41 BoumeM￿th Young Men's Chrlstian Association Notes to the Financial Statements forihe Period l January 2020 to 31 Marth 2021 7 Staff costs The avernge monthty number of employees. Ind￿11Th¥ members of the executNe team. during the yearwa5 as follows: Pertod 01.01.20 Pwiod 01.01.19 lo31.03.21 to 31.12.19 Nyml Nurnber Management and administrati¢Jn Oe¥elopment Housin8, SilPPOrt and care hlon. hou5in8 operations 16 18 26 23 55 98 56 The average number of empk¢yees, includ￿8 members of the executive team. caltulated on a full time equivalent was 98 employee512019. IQ)I. The aggre8ate feMuThtrati¢￿ of sKh efflployees (Associaiionl was as fdlows.. Period 01.01.20 Peri¢*d 01.01.19 to 31.03.21 tts 31.12.19 EOOO Wages and salaries Social secuirty Other pension costs 3,177 219 185 2.641 166 132 3.581 2,939 Included in the abo¥e are redundancy and payment in lieu of notices tosts for 11 people totallin8 £16.11812019- £28.8181. Th• number of employees who recwvod moro than £60.(￿ar thcircmployec packaGe lexcludins pcndionpJ COttJ Jl afe a ft+llows'. Period OLOI.20 Period 01.01.19 to 31.03.21 to 31.12.19 Number Number £60.001. £70.OIXI £70,001- £80.0 £80,Q)1- £90.ociI Pa8e 42 Bournemouth Young Men's ChristlaTr A5SO(ialion Notes to the Financial Statements for the Peri¢)d l January 2020 to 31 Marth 2021 e Intsn¢ible frA￿ assets- Group and A￿lats Gotsdwill Total £th)o £￿0 C05t'. At l January 2020 Additions 32 32 At 31 March 2021 32 32 Amortigtion.. At l January 2020 Chargè for the year At31 Marth 2021 32 32 32 32 Net book value.. At 31 Marth 2021 At 31 L)ecernber 2019 Goodwill arose in 2LK19 as a resuli of the purchase of trade and assets of 8roadstone Leisure Centre. 9 Tangible fixed a5sets- prnperties-Group and Associ Housing operties for letting Total £000 C05t.. At l January 2020 Additions: completed propertie5 acquired Addition5'. Wgrk5 to existing properries Aecla55ification from Ffeet4)Id propertv Ar 31 March 2021 5.459 5,459 91 91 5,550 5,550 Oepreciztion-. At l January 2020 Char8e for the year Éliminated on disposals At 31 March 2021 11.9251 11331 11,9251 11331 12.0581 12.0581 Net book valuÈ= At 31 Marth 2021 3.492 At 31 Oecernber 2019 3.534 3.534 Paoe 43 Bournemouth Y(wng Men's Christian A550ciation Note5 to the Flnancial Statements forthe Perlod l January2020 to 31 M&ch 2021 9 Ta￿lble fimed assets- Housing properties- Group •nd A$￿(latiOn- cortinued The net book value ol land and Iwildings comw45ed= 2021 2019 Éwo £000 Land and buildin8s'. Fieehold Lon8 leasehold Short leasehold 3.492 3,534 3.492 3,534 Included within the frtehold property aretwo leased shops whith a￿ part ol Delta House. the cost of which 15 not separately identifiable. No impairment required on ihe properties. 10 Tangible r￿ed assets- oth Gr•¥Jp Short FreehoEd Land Freehokl Leasehold and building5 improvernents improvements Equipment Motor vehides Total Cost.. At l January 2020 Addition5 Diposals Reclassification At 31 March 2021 531 31 1336 28 121 124 6.669 59 2.6CO 1.078 562 1362 124 6.726 Oeweciaiion.. At l January 2020 Charge for the year Elirninated ofi disp￿￿1 Reclassificaiion 14511 1751 1471 1131 IIA921 11201 11061 141 13.3401 12661 At 31 March 2021 15261 18981 1601 12,0111 Iiioi 13.6051 Net book value.. At 31 March 2021 2.074 502 351 14 3.121 At 31 Oecembef 2019 2.149 234 18 3.329 Short leasehold improwérnents are for the property at 8roadstone. this is held on a 83 year lease writh peppercorn rent being paid. Page 44 Bournemouth Young Men's Chrlsttan Ass0¢iation N￿e$ to the Flnancial Statements for the Period l January 2020 to 31 March 2021 10 Tan¢iblellxed assets. ￿h¢f- tontinued Total group tangiwe fixed assets-. 2021 2019 £fy)o 3,492 3.121 6.613 EL￿0 3.534 3,329 6,863 Housini properties Other Asso¢lailon Short Freehow Land Freeho Le￿ehO and buildings improvements improvements Equipmeni Motor vehicles Total £¢J)o Cost: At l January 2020 Addition5 2360 915 531 31 2.220 28 124 6.150 59 Disposals Reclassification At 31 Mafch 2021 121 2,39) 915 $62 2.246 124 6.207 Depreciatiorb: At l January 2020 Chargè foriheyear Eliminated on disposal Reclassification 1384) 1591 1680) 1541 1471 1131 {1.792) 11141 11061 13.OJ91 12441 At 31 March 2021 14431 17341 1601 11,gJ51 Iiioi 13.2521 Net book value= At 31 March 2021 1.917 181 502 341 14 2,955 At31 December 2019 1,976 235 428 18 3.141 Total association tangible fixed 355ets= 2021 2019 Trlouslng properries her 3.492 2.955 6,447 3,534 3.141 6,675 Page 45 Bownemoulh Young Men's Christian Aswuation Notes to the Financlal Statements for the Period l January 2020 10 31 Marth 2021 11 Stocks 2021 £000 2019 £0 Finished goods 12 Debtors G¥0 Group 2019 Asso¢iatlon 2011 Association 2021 2019 £0 Trade debtors Iyoss social hou5ine rent arrear51 Trade debtors lothtrsl Amounts owed bygroup undertakin8S Prtpaymentsand accrned income 150 150 ioi 84 102 145 144 152 150 380 333 381 335 13 Current asset inveATrRnts-Group and Asso¢i*ion 2021 2019 £000 £000 Listed in¥estmer Shortterm deposits 999 500 14 Creditors: anHwntsfallinÉ dthe withln oneyear Group 2021 Group 2019 Association 2021 A559Clation 2019 £o)o £CM)O Mousing loan5 8ank loans Trade creditors DepO￿ts received in advance Other tax and sooal security Social Hougn8 Grant noi spent Othef creditor5 AccFuals and defèrred income io 24 12 io 525 525 166 24 167 224 221 45 45 14 19 14 19 119 119 421 1.298 426 381 1.257 385 874 830 Pa8e 46 Boumemouth Young Men's Christian A￿CIall0￿ Notes io the Flnancial Statements for the Period l January 2020ts 31 March 2021 15 Creditors: amourts fall due after more year- Group and Asso¢l•tlD 2021 2019 8èr4k loans lousing loans Social Hou5tng Grant spent Accruals and deferred.income 922 50 1.789 1,267 4.028 77 1,791 1,320 3.997 Housing loans include a¥&r￿ate an￿￿nts of £94k12019- £119kl which fall due after five years and which are payable bv installmeftts. The housing loan is managed by Capita and held with Orchardbrook knmited. it is secured on the Hostel and Delta House Flats. The housing loan was drawn in Iwo tranches artd is repayable by instalrnents at 3 current rate of interest of 10.375% and 11.5% per annum respecri¥ety. The £826k12019- £833kl bank loan is held with Natwest and is secured on Fusion Youth Centre. Trafford House. Winton YMCA and 337 8ournemouth Road. The bank loan 15 repayakde by instalrnefits at a £¥Jireni late of Inte￿$t of 2.1% per annurn over base rate. As sewrity. the bank holds a legal char8e dated 24January 2018 o¥er44 Okl Chri5tchurth Lane. 38 Frances Road. 1-7 Jameson Road and 337 Bournemouth Road. 16 Operating leases Minirnum lease payment5 under n¢M-oncellable Operati￿ lease5 fall due as follows= Group 2021 2019 £￿0 £￿0 Within one year Between one and fNe years More than f￿e yea 25 33 26 58 90 Page 47 8ournemouth Y4wn8 Men's thrlmian Assoctatioh Notts tothè Financ•al Staternents fw iht Pèr40d I l¥rtuary 2020 10 31 Marth 2021 17 ReMr¥es Re¢ontiliation of mo¥ernenl in funds Group Asat OVOll2ff20 las restatedl Asat JV0312021 endilure Tr￿sle1$ Unrestrirted funds Income and expendiiure account Designated l￿dS-. Rent deposit teserve Capital expenditure Depietiation reserve Revaluation reserve 6.126 16.015} 1501 2.361 io io 50 75Z 783 1311 6.126 16.0461 io 3.173 Restrlcted fvnds RC Chaiterboxes (Ltsttery funded) Health Bu5 Housing Rent Deposit Schemè Skipion Equitynefit Grant Activate Dor5et- Satellite Club Poke5down Community Youth Centre restricted reserves 218 12181 1141 14 io iioi 36 36 37 242 12321 iioi 37 3.120 6,368 16.2781 3.210 A5S0¢iatio Asat oyoinozo Incomt Expendityre Transfers 3V0312021 £fy)o £(￿0 Unrestrtctedlunds Income and expenditure account Designated funds-. Rent deposit reseTrE DepreciatioD reserve Capital expendilvre Revaluaiion reserve 2￿77 6,058 15.9)51 1501 2.180 io io 752 783 1311 50 50 6.058 15.9361 io 2,992 Re5trirt•d funds RC Chatterboxes (Lottery funded) Health Bus Housing Rent Oeposil Scheme 218 12181 1141 14 io iioi iioi 242 12321 2.861 6.3LKI 16,1681 2.993 Page 48 8oumemouth Yount Mèn's Christi* A$so¢l￿on tlotes to the Finan¢i•l Statemefits for the Perlod l January 2020 to 31 Mar¢h 2021 17 Reser¥es-¢ontinued Comparative reron(ir￿tIoA of m0Ven￿At In funds Group ' Asat oIIoy2019 lasresmedj 3V1212019 las restated) Income Expendiwre Transfèrs Unrestr5rt¢d funds In¢orne and expenditure a¢¢ount Oes18nated funds.. Oeprectation reserve Revaluation reserve 2.337 5.305 15,3451 1300 814 1311 783 iii 3.152 S.305 {5.3761 3.083 Restrtrted lunds Restricted charity capital reserves RC Children Ilottery funded) RC Youth (Lottery lundedl AC Chatterboxes (Lottery funded) Pokesdown Community Youth Centre re5trirted re5erve5 137 11361 1361 36 121 38 121 36 38 .178 11771 37 3.190 S,483 15.5531 3.120 oiioin019 lllwme E¥pendbture Transfers 3V1212019 Unr*Ari¢ted fvI￿5 Income and expendÈture account Designated funds.. Oepreciation reserve Revaluation reserve 2.112 5.221 {5.2571 2.077 814 1311 783 iii 2.927 5.221 15.2881 1860 Restri¢ted fvnds RC Chatterboxe5 ILottery fundedl Health 8us 137 11361 1361 11721 36 173 2.927 5,394 15.4601 2,861 Pagt 49 Bournem￿rtfv Youn8 Men's ChrlstlaTr Asgo¢lallon Notes to the Finandal Statements lor the PerkKI l January 2020 to 31 March 2021 17 Reserves- contlnued al Income and expenditure reseTh The income and expenditure reseThe represents cumulativè surplus and defrits net of other adjumments. bl Revaluation reservè The revaluatitsli fesw¥e relates to the Sant•nder in¥estments hekl at market ¥alue in the occounts. The Shores have been tlisposed of and therefoie the lund balance h•5 be￿ transferred out. cl Restricted reserve The restrtcted charity capital re5er¥e relates to specific purpose, futu￿ refvrbishment and development of the charity. outlined by the donor IMa50n Whr(e and Gilberr Marshzlll. RC Children- Restricted funding for the purpose ouUined by The Big Lottery Reathing Communitie5 Fund. RC Youth- Restricted funding for the purpose ouilined by The Big Lottery Reaching Communities Fund. AC Charterboxes- Restricted funding for the purpose oudined by The Big Lottery Reachin8 Communities Fund. Health Bus project- Re5tfiCted funding fov the purpose of the Health 8ys, and runntn8 the project. Skipton Eqwprnent Grant. Restricted grant for the purpose to purchase equiprnent to be used in the youth centre. Activate Dorset- Satellite Club- Restricted on the purpose to fun a boxing dub within the youth centre. under the Sate114te Club name. Housin8 Rent Deposit Scheme- Restrirted grant for the purpose to aid with the Htyjsing Rent Oeposil Scheme which helps residents who cannot pay rent. dl Oesignated reserve The designaied deprectation fvnd relates to the PYC properryand will be released a5 deprtciatiuri Is char8ed a8ainst this el Priorye3rAdjusbment A pvior year adjustrnent was fequired to the Pokesdown Youth Centre restrittèd reserves fund. thts Is due to a brought forward error from the accounts forthe year ende¢l 2019. There was no thange to the overall fvrtds bfought forward balances. fj Transfer of Fufids A transfer of funds between the Housing Rent Oepogt Stheme to the rent deposit reserve fund was performed due to a grant donor unre5tricting the rTwies given within the yearto support YMCAthrou8h the Covid-19 pandemic. 18 Re¢onclli*lrffi of operatiry ￿rPluS/ Ideficitl to cash ftowfrom operntin8•rtr4ities Group 2021 Group Z019 Suwpfvjsl Idefidtl forthe year 1701 Interest payable Interest received Depreciation and impalrmeni of tsngible fixed assets Amortisation and impairment of tangible fixed assets Ilncre35el I deueasè in stock Iincreasel / decrease in trade and other debtor5 Increase I Idecreasel 41 trade and other ueditors 49 Iz) 399 370 1831 1911 1128) Net (ash fl¢>wfffjm operatifieacti¥ities 476 163 Page SO eournernouth Men's Christi•n Associthn Notes toihe Flnanclal Ststanents for the Period l J•nuary 1020 to 31 Marth 2021 19 Pemrons and ￿fver post•retlrement benefrts-Group and Asso¢l*ion al Oefined contribution pension ￿an The Registered Provider operates a defined tontribution pension plan for itsemployees. The amtyjnt recogrmsed as an expense in the period was £186,16212019- £131,6351. 20 Related partytransactions- Grnup and Assod* Boumernouth YMCA is the parent entity in group and ultimate controlling party. Exernpuon has been clawned from presenting details of tTansattions between grovp entit￿5 whKh are includtd in the Consolidated fjnancial statement5. During the period ended 31 Marth 20218tyJrnerThJuth YMCA had the following rdated and 35socTrated undert3kings: Pokesdot*n CommunityY¢J•Jth Centre Subsidiary name Charity registration number 8osis ol control Pokesdown Cofflmunity Youth Centre 301918 Sole tmsteeship Total assets as at 31 Marth 2021 Total liabilities as at 31 March 2021 Ttstal lunds as at 31 March 2021 £105.075 £29.313 £7S,762 Income for the lor the Period l January 2020to 31 Mafeh 2021 Expenditure lor the for the Peric*J l January 2020 to 31 March 2021 Oeficit forthe for the Period l January 2020 to 31 Marth 2021 £48.304 £58.770 £10.466 Townsend youth Partnership Substdiary nome Ch3Tlty registration number Company registration number 8?5is of tontrol Townsend Youth Partnership 1093213 IM23￿16 Sole tnsteeshw) Total zssets as at 31 Marth 2021 Total liabiliiies a5 at 31 March 2021 Total funds as at 31 March 2021 £154.685 £15.281 £139.404 Income lor the for the Period l January 2020to 31 Marth 2021 Expenditure for the for the Period l January 2020to 31 March 2021 Deficit forthe for the Period l Jarwary 2020 to 31 Marth 2011 £63.187 £95,182 £31,995 The a5500ation b5 under the c¢)ntrol of the Board otTrustees. Board and key management personnel remuneration 15 disclosed in note 6. There wert no related party trartsartitin5 in PErK￿ ended 31 March 202112019- £nli l. Page Sl 8oumemoufh Y¢wn8 Men'5 Chr15tian A$￿￿latIoN Notes to the Flnaftdal StsteTr*nts fof the Period l January 2020 to 31 Marth 2021 21 contin￿n¢ liablliyes The￿ is a pending employmentiribunal. delayed by Co¥id 19 restrictions. rescheduled to September 2021. Bournemouth Young Mens Christian AssoCiat￿n is bein8 represented by our HR conwltantswho aLso insure any financial effect. 22 ContinBènt assets After the year end the a￿00alton has • running appeal in respect of of incomè durin8 the COVID-19 pandemic. 23 Financi•l ￿￿trumeNts The carryin8 afflounts of the Registered Provider'sfinantial in5trumenis are as ft+llows= Group 2021 Group 2019 Asso¢iation Auociation 20ZI 2019 £wo £o)o Fin17rt¢iol •ssets Measured at fair value throvgh ihe 5tattment of comprehensive income.. - Fixed asset listed invesknents (note ill Oebt instruments mèasured at amortised cost". - Trade debior5 (note 121 - Amounts owed byqroup undertakings (note 121 252 229 251 207 13 220 252 229 25S Financ￿1 liobilities Measured at fair value through the statement of comprehensive irtcome.. Housing loans (notes 14-151 62 62 87 62 ioi ioi 87 62 Debt instn•ments measured ot amorti5ed ¢￿t.. Trade creditors Inote 141 - Other creditors (note 141 167 112 279 224 166 205 119 343 112 278 106 311 The income. expeThses. net gal￿ and net105SeS attrthutableto the Re8irered Providtlsffinancial instruments are 5urnmarised as follows= Group 2021 Group 2019 A5SO(iation Association 2019 2021 Income onde¥pen5e Finan(131 liabilities rneasured at fair ￿lue through the atement of comprehensi¥e in(¢)rne iioi iioi iioi 1121 P4e 52