2022-03-31-accounts

Contents						Page
Registered	Social Housing		Provider		Information
Trustees Report						4-24
Independent	Auditor's	Report				25-28
Statement	of Comprehensive			Income		29
Balance Sheets						30
Statement	of Changes	in	Equity /		Reserves	31
Statement	of Cash Flows					32
Notes to the Financial		Statements				33-49

Bournemouth	Bournemouth	Young	Young	Men's Christian	Men's Christian	Men's Christian	Association	Association
Registered	Provider			Information
for the Year		Ended	31		March 2022
Homes and Communities						Agency registration		number	H4246
Company	registration				number				3817056
Charity registration			number						1078728
Members	of	the board							Richard Elms (Chair)
									Colin Hartland
									David Williams
									Simon Marsh
									lan Terry
									Andrew Dobbins
									Simon Potterton
									Mark Petrauskas
									Elaine Cowley
Secretary									Jacqueline Morgan		(Resigned		26th May 2021)
									Nigel Jenner (Appointed			26th	May 2021 and
									resigned 18th July 2022)
CEO									Gareth Sherwood
Registered	office								Delta House
									56Westover Road
									Bournemouth
									BH1 285
Auditor									Ward Goodman	Audit Services Limited
									4 Cedar Park, Cobham			Road
									Ferndown Industrial		Estate
									Wimborne
									BH21 7SF
Solicitor									Dutton Gregory
									48/50 Parkstone	Road
									Poole
									BH15 2PE
Bankers									NatWest
									The Square
									5 Old Christchurch		Road
									Bournemouth
									Dorset
									BH1 1DU

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Page 17

Funder					Amount	(E) Area ofwork	(E) Area ofwork	Details
All Churches Trust					20,000	Innovation	I-lub	Marketing	and	Promotion
Dorset Community	Foundation				5,000	Contact Centre and Counselling		Staff costs, Utilities,			resources		and
								increased	PPE
Thomas Wall Trust					5,000	Innovation	Hub	Staff costs	and	overheads
Southern Co-op					1,000	Innovation	I-lub	Core costs
National Lottery Community				Fund	9,929	Innovation	Hub	Staff costs,	staff training			and overheads
Ex Mayors Fund					5,000	RC Chatterboxes		Core running costs
						Innovation	Hub
						Townsend	Youth Partnership
The Valentines Chantable			Trust		10,000	Child Contact Centre		Staff costs,	staff training			and overheads.
The Beatnce Laing	Trust				5,000	Counselling		Staff costs
Dorset Community	Foundation				5,000	Townsend	Youth Partnership	Innovation	I-lub	Staff	costs and
Garfield Weston Foundation					40,000	Townsend	Youth Partnership	Core Costs
The Haibard Charitable		Trust			13,609	Youth		ICTequipment		and installation			costs for
								Youth and	Innovation		Hub
The Woodward Charitable			Trust		2,500	Townsend	Youth Partnership	Core costs
Dorset Community	Fund				2,000	Townsend	Youth Partnership	Core costs/counselling				for young people
The Alice Ellen Cooper Dean					10,000	Pokesdown	Youth Club	Core Costs
Charitable Foundation						Chaplaincy
						Counselling

	VFM Matrix				2022		2020/2021	2019	Benchmark
1	Reinvestment				2.99%		2.70%	1.19%	4.20%
	(Tota I capex incl purchase of new
	properties and CAPEX on existing	properties
	as % ofhousing properties at cost)
2a	New supply delwered - Social housing				5 26%		P PP%	0.00%	P 7P%
2b	New supply delivered - non social	housing			0.00%		0.00%	0.00%	0.00%
3	Gearing				27.79%		19.94%	16.86%	30.50%
4	EBITDA				280.00%		-110.00%	181.25%	225%
5	Headline social housing cost per unit			E	16,719	E	16,126	E11,140	E4,520
6a	Operating margin (Social housing	lettings)	%		1453%		28.43%	29 07%	25.20%
6b	Operating margin (overall) %				1453%		28.43%	2907%	24.60%
	excluding sale of fixed assets
7b	ROCE (overall)				1334%		2.60%	15.11%	3.30%

						Group	Group		Association	Association	Association
						Period 01.04.21	Period 01.01.20		Period 01.04.21	Period 01.01.20
						to31.03.22	to 31.03.21		to31.03.22	to 31.03.21
						Total	Total		Total	Tota	I
					Note	EOOO	EOOO		EOOO	EOOO
Turnover						5,758	6,366		5,669		6,298
Cost of sales						(5,506)	(6,215)		(5,412)		(6,105)
Operating	surplus		/ (deficit)			252		151	257			193
Interest receivable			and similar income		4	1		2	1			2
Interest payable		and		similar charges		(110)		(63)	(110)			(63)
Insurance	claim					204			204
Surplus /	(deficit)		for the year			347		90	352			132
Total comprehensive				income for the year		347		90	352			132

for the Year Ende	d 31	March 2022
				Group	Group	Association	Association
				2022	2021	2022	2021
				Total	Total	Total	Total
			Note	EOOD	f000	f000	EOOD
Fixed assets
Intangible assets
Tangible assets			9,10	6,491	6,613	6,346	6,447
				6,491	6,613	6,346	6,447
Current assets
Stocks			11	6	3	6
Debtors			12	497	333	497	335
Investments			13	500	999	500	999
Cash at bank and in	hand			952	588	829	494
				1,955	1,923	1,832	1,831
Creditors: amounts	falling due within one year		14	(1,014)	(1,298)	(958)	(1,257)
Net current assets / (liabilities)				941	625	874	574
Total assets less current		liabilities		7,432	7,238	7,220	7,021
Creditors: amounts	falling due after more than one year		15	(3,875)	(4,028)	(3,875)	(4,028)
Total net assets / (liabilities)				3,557	3,210	3,345	2,993
Reserves
Income and expenditure		reserve	17	2,739	2,361	2,563	2,180
Revaluation reserve			17
Restricted reserve			17	37	37	1	1
Designated reserve			17	781	812	781	812
Total reserves				3,557	3,210	3,345	2,993

Group		Income and
		expenditure	Revaluation	Restricted	Designated
		reserve	reserve	reserve	reserve	Total
		EOOD	EOOD	EOOD	EOOD	EOOD
At 1January 2020		2,300		37	783	3,120
Surplus / (deficit) for	the year			10	(31)		90
Total comprehensive	income			10	(31)		90
Transfers				(10)	10
At 31March 2021		2,411		37	762	3,210
Surplus / (defiot) for	the year	378			(31)		347
Total comprehensive	income	378			(31)		347
Transfers (see note 17)
At 31March 2022		2,789			731	3,557
Association		Income and
		expenditure	Revaluation	Restricted	Designated
		reserve	reserve	reserve	reserve	Total
		EOOD	EOOD	EOOD	EOOD	EOOD
At 1January 2020		2,087		(10)	783	2,861
Surplus / (deficit) for the year		153		10	(31)		132
Total comprehensive	income	153		10	(31)		132
Transfers				(10)	10
At 31March 2021		2,240	1	(10)	762	2,993
Surplus / (deficit) for the year		383			(31)		352
Total comprehensive	income	383			(31)		352
Transfers (see note 17)
At 31March 2022		2,623	1	(10)	731	3,345
	The notes on	pages 33to 49 form part	ofthese financial	statements

				Group	Group
				Period 01.04.21	Period 01.01.20
				to 31.03.22	to 31.03.21
			Note	EOOO	EOOO
Cash flow from operating	activities		18	670	476
Interest paid				(110)	(63)
Net cash flow from operating		activities		560	413
Cash flow from investing	activities
Payments to acquire tangible		fixed assets		(222)	(150)
Interest received				1	2
Proceeds from sale of investment				1
Net cash flow from investing		activities		(220)	(148)
Cash flow from financing	activities
New loans in the year					620
Repayment of loans				(475)	(36)
Net cash flow from financing		activities		(475)	584
Net increase / (decrease)	in cash and cash equivalents			(135)	849
Cash and cash equivalents	at	1April 2021		1,587	738
Cash and cash equivalents	at	31March 2022		1,452	1,587
Cash and cash equivalents	consists of:
Cash at bank and in hand				952	588
Short term deposits			14	500	999
Cash and cash equivalents	at	31March 2022		1,452	1,587

	Pre 2019additions	Post 2019additions	Post 2019additions	S.subsidiaries	S.subsidiaries
Freehold properties	2%straight line	2%straight	line
Housing properties	See below	See below
Plant and machinery	10%straight line	10%straight	line
Fixtures and fittings	20%reducing balance	20%straight	line
Motor vehicles	20%reducing balance	20%straight	line
Improvements to property	15%reducing balance / over the	straight line	based	on useful
	term ofthe lease	economic life / 7year straight			line

Land	n/a
Core building	100years
Roof	60years
Windows	25 years
Kitchens	25 years
Bathrooms	25 years
Boiler/heating	15years
Electrics	20 years
Lift	25 years

				Group and Association	Group and Association
				Period 01.04.21	Period 01.01.20
				to 31.03.22	to 31.03.21
				EOOD	EOOO
Rents receivable exclud'mg	service charges			1,872	2,158
Revenue grants receivable				1,804	2,264
Capital grants receivable					10
Social housing activity expenditure				(977)	(1,145)
Operating surplus / (deficit) from social housing			activities	1,085	1,281
Net surplus / (deficit) from	social housing	activities		428	786
Void losses				(151)	(125)
Amortised government grants				14	17
Other government grants	recognised			45	402

Accommod	ation	own	ed an	d in management
					Group	and	Association
					Number of		Number	of
					units at		units at
					31March		31March
					2022		2021
Completed	units:
Supported		housing
	Hostel					73		67
	Delta Flats					22		22
	Trafford		House			14		14
	Bournemouth			Road				5
						114		108

a) Interest receivable	and similar income	and similar income	and similar income	and similar income	and similar income	Group	Group	Association		Association
						Period 01.04.21	Period 01,01.20	Period 01.04.21		Period 01.01.20
						to 31.03.22	to 31,03.21	to 31.03.22		to 31.03.21
						EOOD	EOOD	EOOD		f000
Bank interest recewable							2		1
b) Interest payable and		similar	charges			Group	Group	Association		Association
						Period 01.04.21	Period 01.01.20	Period 01.04.21		Period 01.01.20
						to 31.03.22	to 31.03.21	to 31.03.22		to 31.03.21
						EOOD	EOOD	f000		EOOD
Bank charges and other		interest				39	53		39	53
Housing loan interest						71	10		71	10
						110	63	110		63
Surplus / (deficit) on ordinary			activities
Surplus /(deficit) on ordinary			activities		is stated after charging/(crediting):
						Group	Gioup	Association		Association
						Period 01.04.21	Period 01.01.20	Period 01.04.21		Period 01.01.20
						to 31.03.22	to 31.03.21	to 31.03.22		to 31.03.21
						f000	EOOD	EOOD		f000
Auditor's remuneration		(including		expenses		and benefits
in kind) for audit						21	21		17	17
Auditor's remuneration		(including		expenses		and benefits
in kind) for non-audit						6	7			7
Depreciation oftangible		fixed	assets			336	399	317		377
Amortisation of goodwill
Dperatmg lease rentals						35	23		35	23
Profit / (loss) on sale of		fixed assets				(8)			(8)

The average	monthly	monthly	monthly	number	of employees,	including	members	ofthe executive team, during the year was	as	follows:
								Period 01.04.21		Penod 01.01.20
								to 31.03.22		to 31.03.21
								Number		Number
Management		and	administration						20	16
Development									1	1
Housing, support			and	care					28	26
Non - housing		operations							56	55
								105		98

The ag	gregate remuneration of such employees (Associat	ion) was as follows:
		Period 01.04.21	Period 01.01.20
		to 31.03.22	to 31.03.21
		EOOD	EOOD
Wages	and salaries	2,667	3,177
Social	security	186	219
Other	pension costs	150	185
		3,003	3,581

The number of employees	who received more than E60,000as their employee	package (excluding	pensions costs) are as follows:	pensions costs) are as follows:
		Period 01.04.21		Period 01.01.20
		to	31.03.22	to 31.03.21
		Number		Number
E60,001 - E70,000
E70,001 - E80,000
EB0,001- E90,000

Intangible fixed assets - Group and Association
	Goodwill		Tata	I
	EOOD		EOOD
Cost:
At 1 April 2021		32			32
Additions
At 31March 2022		32			32
Amortisation:
At 1April 2021		32			32
Charge for the year
At 31March 2022		32			32
Net book value;
At 31March 2022
At 1 April 2021

Tangible fixed assets	- Housing	properties - Group and Association
			Housing
			properties	for	Tota I
			letting
			EOOD		EOOD
Cost:
At1Aprii 2021			5,550		S,550
Additions: completed	properties	acquired
Additions: works to existing properties				104	104
Reclassification from	Freehold property
At 31March 2022			5,654		5,654
Depreciation.
At 1April 2021			(2,058)		(2,058)
Charge for the year			(109)		(109)
Eliminated on disposals
At 31March 2022			(2,	167)	(2,167)
Net book value:
At 31March 2022			3,487		3,487
At 1April 2021			3,492		3,492

The net book value of land and buildings comprised:
	2022	2021
	EOOO	EOOD
Land and buildings:
Freehold	3,488	3,492
Long leasehold
Short leasehold
	3,488	3,492

Tangible fixed assets - o	ther
Group					Short
	Freehold	Land	Freehold		Leasehold
	and buildings		improvements		improvements	Equipment	Motor vehicles	Tota I
	EOOD		EOOD		EOOD	EOOD	EOOD	EOOD
Cost:
At 1 April 2021		2,600	1,078		562	2,362	124	6,726
Additions				47	22	49		118
Disposals							(104)	(104)
Reclassification
At 31March 2022		2,600	1,125		584	2,411	20	6,740
Depreciation:
At 1 April 2021		(526)	(898)		(60)	(2,011)	(110)	(3,605)
Charge for the year		(60)		(50)	(11)	(105)	(1)	(227)
Eliminated on disposal							96	96
Reclassification
At 31March 2022		(586)	(948)		(71)	(2,116)	(15)	(3,736)
Net bool& value:
At 31March 2022		2,014		177	513	295	5	3,004
At 1 April 2021		2,074		180	502	351	14	3,121

Tangible fixed asset	s - oth	er - con	tinued
Total group tangible	fixed	assets:
							2022	2021
							f000	EOOD
Housing properties							3,487	3,492
Other							3,004	3,121
							6,491	6,613
Association
					Short
		Freehold	Land	Freehold	Leasehold
		and buildings		improvements	improvements	Equipment	Motor vehicles	Total
		EOOD		EOOD	f000	EOOD	EOOD	EOOD
Cost:
At 1April 2021			2,360	915	562	2,246	124	6,207
Additions				47	22	49		118
Disposals							(104)	(104)
Reclassification
At 31March 2022			2,360	962	584	2,295	20	6,221
Depreciation:
At 1April 2021			(443)	(734)	(60)	(1,905)	(110)	(3,252)
Charge for the year			(46)	(50)	(11)	(98)	(1)	(206)
Eliminated on disposal							96	96
Reclassification
At 31March 2022			(489)	(784)	P1)	(2,003)	(15)	(3,362)
Net bool& value:
At 31March 2022			1,871	178	513	292	5	2,859
At 1April 2021			1,917	181	502	341	14	2,955

Total as	sociation tangible fixed assets:
		2022	2021
		f000	EOOD
Housing	properties	3,487	3,492
Other		2,859	2,955
		6,346	6,447

11	Stocks
											2022	2021
											EOOO	EOOD
	Finished goods										6
12	Debtors
									Group	Group	Association	Association
									2022	2021	2022	2021
									EOOD	EOOD	EOOD	EOOD
	Trade debtors		(gross		social housing			rent arrears)	146	150	146	150
	Trade debtors		(others)						247	102	245	101
	Amounts owed		by	group undertakings							4
	Prepayments	and accrued					income		104		102	80
									497	333	497	335
13	Current asset	investments					-Group	and Association
											2022	2021
											EOOO	EOOD
	Listed investments
	Short term deposits										500	999
											500	999
14	Creditors: amounts				falling		due within one year
									Group	Group	Association	Association
									2022	2021	2022	2021
									EOOO	EOOD	EOOD	EOOD
	Housing loans								122	12	122	12
	Bankloans								36	525	36	525
	Trade creditors								201	167	199	166
	Deposits received			in	advance				17		17	9
	Other tax and		social		security				52		52
	Social Housing		Grant		not spent				14	14	14	14
	Other creditors								21	112	21	112
	Accruals and	deferred				income			551	421	497	381
									1,014	1,298	958	1,257

Creditor	s: am	ounts f	all due after more than one year - Group	and Association
				2022	2021
				EOOD	EOOD
Bankloans				876	922
Housing	loans				50
Social Housing		Grant	not spent	1,775	1,789
Accruals	and	deferred	income	1,224	1,267
				3,875	4,028

Minimum	lease payments	under non-cancellable	operating	leases fall due		Group
as follows:					2022		2021
					EOOO		EOOD
Within one year						19		25
Between one and five years						14		33
More than	five years
						33		58

Reconciliatio Group	n of movem		ent in funds
				As at					As at
				01/04/2021	Income	Expenditure		Transfers	31/03/2022
				EOOO	EOOO	EOOO		Eooo	EOOD
Unrestricted	funds
Income and	expenditure		account	2,361	5,873	(5,495)			2,739
Designated	funds:
Rent deposit	reserve			10						10
Capital expenditure				50						50
Depreciation	reserve			752			(31)			721
				3,173	5,873	(5,526)			3,520
Restricted funds
RC Chatterboxes (Lottery			funded)		90		(90)
Pokesdown	Community	Youth Centre		36						36
restricted reserves
				37	90		(90)			37
				3,210	5,963	(5,616)			3,557
Association				As at					As at
				01/04/2021	Income	Expenditure		Transfers	31/O3/ZOZZ
				EOOD	EOOO	EOOO		EOOO	EOOO
Unrestricted	funds
Income and	expenditure		account	2,180	5,784	(5,401)			2,563
Designated	funds:
Rent deposit reserve				10						10
Depreciation	reserve			752			(31)			721
Capital expenditure				50						50
				2,992	5,784	(5,432)			3,344
Restricted funds
RC Chatterboxes (Lottery			funded)		90		(90)
					90		(90)
				2,993	5,874	(5,522)			3	345

Comparative	reconciliation	reconciliation	reconciliation	of movement	in funds
Group					As at					As at
					01/01/2020	Income		Expenditure	Transfers	31/03/2021
					EOOD	EOOO		EOOD	EOOD	EOOD
Unrestricted	funds
Income and	expenditure		account		2,300	6,126		(6,015)	(50)	2,361
Designated	funds;
Rent deposit reserve									10		10
Capital expenditure									50		50
Depreciation	reserve				783			(31)			752
					3,083	6,126		(6,046)	10	3,173
Restricted funds
RC Chatterboxes (Lottery			funded)		1		218	(218)
Health Bus							14	(14)
Housing Rent Deposit Scheme							10		(10)
Pokesdown	Community	Youth Centre			36						36
restricted reserves
					37		242	(232)	(10)		37
					3,120	6,368		(6,278)		3,210
Association
					As at					As at
					01/01/2020	Income		Expenditure	Transfers	31/03/2021
					EOOD	EOOO		EOOO	EOOD	EOOD
Unrestricted	funds
Income and	expenditure		account		2,077	6,058		(5,905)	(50)	2,	180
Designated	funds:
Rent deposit	reserve								10		10
Depreciation	reserve				783			(31)			752
Capital expenditure									50		50
					2,860	6,058		(5,936)	10	2,992
Restricted funds
RC Chatterboxes (Lottery			funded)		1		218	(218)
Health Bus							14	(14)
Housing Rent Deposit Scheme							10		(10)
					1		242	(232)	(10)
					2,861	6,300		(6,168)		2,993

18	Reconciliation ofoperating su	rplus	/ (d	eficit)	to cash flow from operating activiti	es
						Group		Group
						2022		2021
						EOOD		EOOD
	Surplus / (deficit) for the year						347		90
	Interest payable						110		63
	Interest received						(1)		(2)
	Depreciation and impairment	of tangible		fixed	assets		336		399
	Amortisation and impairment	of tangible		fixed	assets
	Loss on sale offixed assets						8
	(Increase) / decrease in stock						(3)		6
	(Increase) / decrease in trade	and other		debtors			(164)		48
	Increase / (decrease) in trade	and other		creditors			37		(128)
	Net cash flow from operating	activities					670		476
19	Pensions and other post-retirement		benefits		- Group and Association

							Group	Group	Association	Association	Association
							2022	2021	2022		2021
							EOOO	EOOD	EOOO		EOOD
Financial assets
Measured at fair value through		the statement			of
comprehensive income:
- Fixed asset listed investments		(note 11)
Debt instruments measured	at	amortised		cost:
- Trade debtors (note 12)							393	252		391	251
-Amounts owed by group undertakings			(note		12)					4
							393	252		395	255
Financial liabilities
Measured at fair value through		the statement			of
comprehensive income:
- Housing loans (notes 14-15)							122	62		122	62
							122	62		122
Debt instruments measured	at	amortised		cost:
- Trade creditors (note 14)							201	167		199	166
- Other creditors (note 14)							21	112		21	112
							222	279		220	278
The income, expenses, net gains and net				losses attributable			to the Registered	Provider's	financial	instruments	are
summa rised as follows:
							Group	Group	Association		Association
							2022	2021		2022	2021
							EOOO	EOOD		EOOD	EOOD
Income and expense
Financial liabilities measured	at fair value			through		the
statement of comprehensive	income						(71)	(10)		(71)	(10)