2021-03-31-accounts - YMCA Black Country Group

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				Page
ReferenCe and admlnletratlVe		detalle Ofthe COmpany,	ile Tr'ueteee and adviSerS	1-2
Chairman's	statement
Trustees' report				4 —24
Independent	auditors' report	on the financial statements		25-28
Consolidated	balance sheet			31-32
Company balance sheet				33-34
Consolidated	statement ofcash flows			35
Notes to the	financial statements			37-55

			YMCA BLACK COUNTRY GROUP	YMCA BLACK COUNTRY GROUP	YMCA BLACK COUNTRY GROUP	YMCA BLACK COUNTRY GROUP	YMCA BLACK COUNTRY GROUP	YMCA BLACK COUNTRY GROUP
			(A company		limited		by guarantee)
REFERENCE AND ADMINISTRATIVE				DETAII.SOF THE COMPANY, ITSTRUSTEES AND ADVISERS
			FOR THE YEAR ENDED 31 MARCH 2021
Trustees			JOakley, Chair	(appointed		17	November	2020)
			S Balogun
			G England
			R Hill
			J Rows (resigned 17November				2020)
			M Shenton (appointed		18May		2021)
			G Stonyer
			P Tomlinson (appointed		17	November 2020)
			P Walker (appointed 19May 2020)
			A Walsh
			JWelsby
Company number	registered		41 'I6412
Charity registered
number			1086320
Registered		office	38Carters Green
			West Bromich
			West Midlands
			B709LG
Company	secmtary		S C Ciay
Chief executive officer			SCClay
independent		auditors	WR Partners Chartered Accountants		&~tutory Auditcrs
			Belmont House
			Shrewsbury Business		Park
			Shrewsbury
			Shropshire
			SY26LG
Bankers			Unity Trust Bank PLC
			Four Brindley	Place
			Birmingham
			B12JB
Internal Auditor			MFG Solicitors LLP
			Pamore House Hail Court
			Hall Park Way
			Overdale
			Telford
			TF34LX

REFERENCE	AND ADMINtSTRATIVE DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS	AND ADMINtSTRATIVE DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS	AND ADMINtSTRATIVE DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS	AND ADMINtSTRATIVE DETAILS OFTHE COMPANY, ITSTRUSTEES AND ADVISERS
		(CONTINUED)
		FOR THE YEAR ENDED 31MARCH 2021
Solicitors (Human		Irwin Mitchell Solicitors
Resources)		31 Temple Street, Birmingham, B25OB
		Anthony Collins
		134Edmund Street, Birmingham, 832ES
Solicitors (Operations 8		Wright Hassall LLP
Developments)		Olympus Avenue, Royal Leamington Spa, Warwick. CV346BF
		FBCManby Bawdier LLP
		Routh House, Hali Park Way, Overdale,	Telford. TF34hlJ
Chief Officer Team		Chief Corporate Ofgcer - Jill Law
		Chief Operations Officer (Places) - Sally	Cowan
		Chief Operations Officer (Programmes)	-Joanne Goldie (Appointed	1 July 2020)
Registered Provider of		L4550
Social Housing	Number

3tieteglc repo	3tieteglc repo	rt (continued)	rt (continued)
Achievements		and performance (continued)
Walsall	Central		Since restrictions have lifted our Community Development Programme" has resumed from the Small Street Centre reducing isolation in the
			community, created in part due to lockdowns. The programme has providmg asafe space for cornmunrty members to meet other people, and
			to engage with a variety ofsupport from the available mentors on site. Support has been provided with health and wellbeing, benefits,
			information advice and guidance and supported inta training or
			employment. We have also been delivering Make it Click, a range of on
			fine digital skills courses in partnership with the Good Things Foundation.
			Programmes at the Glebe Centre have provided services for homeless
			and vulnerable people in the local area. Throughout the pandemic hot food hss been provided on atake away basis and SerVioe ueerS have still been
			able to access showers and washing facilities. Throughout the first penod of lock down, the Glebe staff also prepared and defivered over 1,000 meals to vulnerable people in the community.
			In addition to providing premises for nursery provision, the Small Street Centre has provided office and meeting spaces *for local organisations tc develop and deliver their own programmes. During the year, this space
			was utilissd by Lichfield Diocese, and Manor Farm Community Association, as well as providing ofFicespace for the YlvlCA's Buildmg Better Opporlunities programme. The pandemic significantly reduced the use ofoflices and meeting spaces and related income was much lower
			than normal.
West Central	Bromwich		The Ygym and Coffee Shop at Western Gateway remained closed for maiority Ofthe period April 2020 —March 2021 due tc restrictions imposed by the Government on gym and leisure facilities. Staffwere placed on furlough whilst the facilities remained closed. Gym Member direct debits
			were frozen whilst the gym remained closed.
			Western Gateway's Starter and Social Business Units —Despite the offer ofa payment holidays to support organisations to retain their
			tenancies, occupation hss fallen to around 25%.Similarly hire ofmeeting spaces has been hugely affected throughout this period with no
			conferencing taking place at all.

Strategic report	(continued)	(continued)
Achievements	and	performance (continued)
BlaCk Country- Wide		Our Mentorlng Advice & Guidance Programme, Building Better Opportunities continued with mentors working from home and supporting 50 individuals with benefits, IAG and help accessing health and wellbeing
		seivlces.
		We purrhased Litmus, a new online learning ptafform at the end of this period. Litrnos is en interactive online learning platform which will raise the profile of learning and development within the organisation in future years. In addition it allows YMCA to develop and market on'line training courses end programmes in the future.
Woiverhampton- Wide		The Yauth Work Programme, Head Start, a health and wellbeing prograinme for 8-14year olds adapted its delivery to provide online sessions and artivities. Activity packs and boxes were delivered to families with ag available materials provided foryoung people to continue engaging in activities such as cook and eat sessions, craR sessions, and physical activity, etc. Engagement with these acsviNies increased duriing the period of lorkdown, widening project reach beyond the initial areas of Springfield, Heath Town, Park Village, Old Heath, Esstfield, All Saints, Blakenhall, Parkfields and Ettingshaa areas. On average 68 sessions per quarter warn delivered with an attendance of1,176young people.
		The Adult Learning Contract' was extended in August 2020 for an additional twelve months. YMCA have delivered English, Maths, and ICT
		classes online and with printed workbooks ta support learners in continuing their learning throughout the periods of lockdown. Over the three courses, 60 sessions were delivered, supporting 27 individuals to
		access learning opportunities,
		In December 2020, we were selected 1obe a Klcketak Gateway"* for YMCA end twa local voluntary organisations. This programme provides 6 month employment cantracts for young people aged 16-24who require experienoe ofthe job market end who may need support in acoessing employment opportunities. As at 31 March 2021, we had one successful Kickstart Placement, increasing to five by September 2021.

Committee	Remit		Composition	Composition
			Trustees	Governance
				Mem,
Finance Audit &Risk 6/year	Finance policy, financial performance &organisational delivery, budget scrutiny corporate risk, internal audit		Geoff Stonyer (Ch.) Robert Hill Jeremy Oakley (non- vogn9)	Hazel Bloxhsm Enc Moore Jonathan Rows
Safeguarding 6/year	Safeguarding Policy, reports, incidents and claims, trends		Gsoff Stonyer (Ch.) John Welsby	Hazel Bloxham
	and actions
Governance	Governance cods, Trustee		John Welsby (Ch.)
Development	succession, training &		Seinde Balogvn
3/year Capital Projects 3/year	Current and future capital development		Phil Walker (Ch.) Grace England Gsoff Stonyer John Welsby	Eric Moore
Human	HR &Ethos Policy, I-lR KPls,		Anna Welsh (Ch.)
Resources	employee relations and claims,
2/yser	trends snd actions. GOR
	oats.
Health 8	Health 8 Safety Policy,		Ssinde Balogvn (Ch.)
Safety 2 ear /y Executive	reports, incidents 8 claims, trends and actions Chief Officer remuneration,		Phil Walker Anna Welsh (Ch.)
Remuneration	CEO svpenrision &review,		Jeremy Oakley
1/year	Chief Officer appointments	8
	svccessloh

			2021	2020
		Note	8
Turnover		3	4,949,431	4,902,988
Operating Expenditure		5	~4522 770	~4640 600
Operating Surplus			428,881	253,287
Finance Income Interest Payable			2,884 ~202	4,181 ~77 697
Surplus forthe year			3T3,063	179,771
Total comprehensive	income for the year		373063	17077 1

Turnover		8,437,021	6,849,137
Operating Expenditure		F557 9 586)	~9588 337
Operating Surplus		677,466	282,800
Finance Income Finance Payable		2,664 ~58 252)	4,181 ~77697
Surplus forthe year		621,867	189,284
Total comprehensive	income for the year	621 867	189284

			CONSOLIDATED	CONSOLIDATED	BALANCE SHEET
				AS AT 31	MARCH 2021
					2021		2020
				Note	E
Fixed assets
Housing properties				11	12,990,015		11,682,255
Tangible assets				12	923,816		943,425
					13,913,831		12,625,680
Current assets
Stocks				13	238	238
Debtom				14	530,242	688,441
Cash at bank and in hand					2,544,458	3,215,002
					3,174,938	3,903,681
Creditors: amounts	falling due within		one
year				15	(1,208,426)	(1,107,966)
Net current assets					1,966,512		2 795,715
Total assets less current liabilities					15,880,343		15,421,395
Creditors: amounts than one year	falling due ailer		more		(2,290,226)		(2,427,995)
Net assets excluding		pension liability			13,590,117		12,993,400
Defined benefit pension		scheme liability		21	(104,364)		(129,504)
Total net assets					13,485,753		12,863,896

				COMPANY BALANCE SHEET	COMPANY BALANCE SHEET
				AS AT 31 MARCH 2021
					2021		2020
				ltote	6
Fixed assets
Housing properties				11	12,990,015		11,582255
Tangible assets				12	211,853		210,883
					13,201,868		11,893,138
Current assets
Debtors				14	424,646	770,571
Cash at bank and in	hand				1,411,846	1,157,874
					1,836,493	1,938,245
Creditors: amounts	falling		due within one
year				15	(1,716,976)	(773,802)
Net curmnt assets					120,518		1,164,443
Total assets less current			liabilities		13,322,386		13,057,581
Creditors: amounts	falling		due after more
than one year				15	(2,290,226)		(2,373,343)
Net assets excluding		pension liability			11,032,160		10584,238
Defined benefit pension		scheme liability		21	(104,364)		(129,504)
Total net assets					10,927,796		10,554,734

roup Statem	ent ofChan	g	es in Equit	y	y
			Revenue	Designated		Revaluation	Restricted
			Reserves		Reserves	Reserves	Reserves	2021	2020
			E		E	E	E	E	E
At 1 April			7,694,946		1,969,000	2,830,681	369,268	12,863,896	12,674,612
2020transfer	adjustment		934,997	—	934,997
Surplus for the year		-	285,281		899,967		7,171	621,857	189,284
Transfers			747,195	-	747,195
			9p091~857		1p186p775	2,830,681	376,439	13~,753	12,863,896

	Revenue	Designated	Revaluation	Restricted
	Reserves	Reserves	Reserves	Reserves	2021	2020
		E	E	E	E	E
At 1 April	5,758,864	1,941,192	2,830,681	23,994	10,554,734	10,374,963
2020transfer adjustment	934,997	934,997
Surplus for the year	369,574			3,488	373,063	179,771
Transfers	747,195	747,195
	7,810,632	259,000	2,830,681	27,482	10,927,797	10,554,734

					2021	2020
				Note
Cash flows from operating	activities
Net cash used in operating	activities			17	1,052,789	712,328
Cash flows from investing	activities
Dividends, interests and rents from investments					2,654	4,181
Purchase oftangible fixed assets					(83,159)	(1,285, 840)
Purchase ofhousing properlies					(1,459,426)
Net cash used in investing	activities				(1,539,931)	(1,261,459)
Cash flows from financing	activities
Repayments of borrowing					(83,402)	(72,785)
Net cash used in financing	activities				(83,402)	(72,785)
Change in cash and cash	equivalents	In	the year		(570,544)	(021,918)
Cash and cash equivalents	at the beginning		ofthe year		3,215,002	3,838,920
Cash and cash equivalents	at the end	of	the year	18	2,644,468	3,215,002

Turnove, Operating	Costs and	Operating Surplus	Operating Surplus
Group	2021	2021	2021	2020	2020	2020
	Turnover	Operating	Operating	Turnover	Operating	Ope rating
		Expensesf	Surplusf	E	Expenses E	Surplus E
Expenditure from
le(ange
Accommodston	5,123,870	(3,674,764)	tr448,905	5,194,355	(3,007,097)	2,187,259
Other Income &
Expenditure
CornmunityActivities	1,216,099	(2,0842I02)	(868,703)	1,329,874	(3,579440)	(2,249,355)
Donations	41,266		41,288	75,207		75,207
Ofter Income	(133,956)		(133,966)	249,7DD		249,7DD
Furlough Income	189,a42		189,942
Total	BA37,021	(5,759,666)	677i455	5,849,137	(5,586,337)	262,800
Company	2021	2021	2021	2020	2020	2020
	Turnoverf	Operating Expenses f	Operating Surplus E	Turnover f	Operating Expenses	Operating Surplus f
Expenditure from
hrtdngs
Accommodation	2,802,534	(2,365,381)	437,163	2,754,384	(2,455,564)	308,820
Other Income &
Expenditure
CommunityActivities	546,460	(2,155,389) -	1,808,929	536,247	(2,194,135)	(1,557,888)
Donations	13,507		13407	62,204	-	62,204
Other Income	1,616,701		1,616,701	1,540,151		1,540,151
Furlough Income	70,229		70,229
Total	4,949831	(4,620,770)	428,661	4,902,986	(4,549,599)	253,257

urnover from lett	ings
		Group	Group	Company	Company
		8		2
		2020	2019	2021	2020
Income from let0ngs
Rent receiurble		3,634,810	3,482,802	2,553,789	2,497,961
Net Rent Receivable
Supporting people	- grant	140,000	492,390	105,000	105,000
Supported lodgings		143,746	161,423	143,745	161,423
Total income from	lettings	3,$18,555	4,136,B15	2,802,534	2,764,384
Rent Losses from	acids	464,731	308,145	325,070	170,479

		Group	Group	Company	Company
		2021f	2020f	2021f	2020f
People Related		36,006	66,813	11,763	35,674
Premises Related		788,778	700,958	554,931	570,888
Oflice Costs		34,662	30,547	28,980	27,533
Direct Actftfty Costs		339,955	346,312	289,405	300,715
Other Direct Expenses		89,212
Other Operating	Omrhead	71,588	82,498	21,967	19,859
Recharges				722,200	573,667
Bad Debts		107,SOS	127,537	S2,145	88,326
Bank Charges		781	1,153
Trawl Costs		1,165	8,4S3
Pmgramme Delivery		218,773	171,035
Salaries		1,611,S10	1,134,940	446,025	525,035
NIC		98,405	81,314	34,720	40,767
Pension		40,244	29,187	13,766	16,357
Depreciation		235,579	205,515	159,481	179,044
Total Operating	Coals from LetSngs	3,674,767	2,984,291	2,365,383	2,377,866
Other Operating	Costs	2,084,799	3,602,046	2,155,387	2,271,831
Total Operabng	costs	5,759,566	6,586,337	4,520,770	4,649,697

			Group 2021f	Group 2020	Company 2021f	Company 2020f
Loan	Interest	payable	58,252	77,697	58,252	77,697
			58,262	77,697	58,252	77,697

This is stated after charg	ing:
		2021f	2020
Depreciation oftangible	fixed assets	102,768	125,086
Depreciation ofhousing Auditors remuneration	properties	151,666 19,200	161,628 18,500
Operating lease rentals		411,730	387,688

Staff costs
				Gmup 2021f	Group 2020	Company 2021f	Company 2020
Wages and salaries Social security costs				2,809,339 199,410	3,331,042 226,990	1,743,554 135,726	1,772,505 137,628
Contribution schemes	lo defined	contribution	pension	80,291	86,106	53,813	55,220
				3,189,040	3,644,138	1,933,092	1,965,353

			Group	Group
			2021	2020
			No.	No.
Average	staff	numbers	178	178

					Group	Group
					2021	2020
					No.	No,
In	the	band	f70,001	—f80,000	1	1

Directors' and Senior Executives Em	oluments
	Group	Group	Company	Company
	2021 5	2020 f	2021 f	2020 f
Emo!uments	238,887	190,998	63,798	72,582
Pension contributions	15,463	27,879	10,347	17,980
	254,350	218,877	74,145	90,522

		YMCA BLACK COUNTRY GROUP	YMCA BLACK COUNTRY GROUP	YMCA BLACK COUNTRY GROUP
		(A company	limited	by guarantee)
		NOTES TO THE	FtNANCIAL STATEMENTS
		FOR THE YEAR ENDED 31 MARCH 2021
11.	Housing Properties
	Group and Company
					Housing
					Propertiesf
	Cost
	At 1 April 2020				12,429,299
	Additions				1,459,426
	At 31 March 2021				13,888,725
	Depreciation
	At 1 April 2020				747,044
	Charge for the year				151,666
	At 31 March 2021				898,710
	Net book value
	At 31 March 2021				12,990,015
	At 31March 2020				11,662,255

	Long-term	Fixtures			Other
	leasehold	and	Oflice	Computer	fixed
	property	fittings f	equipment f	equipment f	assets f	Total f
Cost orvaluation
At 1 April 2020	1,234,839	879,778	167,629	74,552	9,000	2,356,798
Additions	10,555	31,640			40,964	83,159
At 31 March 2021	1,246,394	911,418	167,629	74,652	49,964	2,448,957
Depreciation
Al 1 April 2020	534,295	670,325	160,662	67,091	-	1,422,373
Charge for the year	84,924	28,970	4,942	3,932	-	102,768
At 31 March 2021	689,219	699,295	155,604	71,023		1,525,141
Net book value
At 31 March 2021	646,175	212,123	12,025	3,629	49,964	923,816
At31Nfarch 2020	700,544	209,453	16,967	7,46f	9,000	943,425

		Long-term
		leasehold	Fixtures and	Computer
		property 6	fittings E	equipment 6	Total 8
	Cost or valuation
	At 1 April 2020	167,036	266,253	22,280	445,569
	Additions		29,099		29,099
	At 31 March 2021	157,036	295,352	22,280	474,668
	Depreciation
	At 1 April 2020		219,323	15,363	234,686
	Charge for the year	6,004	18,321	3,804	28,129
	At 31 March 2021	6,004	237,644	19,167	262,815
	Net book value
	At 31 March 2021	151,032	57,708	3,113	211,863
	At 3f lÃarcir 2020	f57,036	46,930	6,917	210,883
13.	Stocks
				Group	Group
				2021	2020
				6
	Food for nurseries			238	238

			Group	Group	Company	Company
			2021 f	2020 f	202'I f	2020 f
Due within one year
Trade debtors			3S3,258	486,836	308,995	332,946
Amounts owed by group undertakings					16,781	332,083
Other debtors			28,857	66,943	28,401	18,204
Prepayments and accrued income			118,127	134,660	70,468	87,338
			530,242	688,441	424,645	770,571
Provisions for bad and doubfful		debls included above for the group are f167,705 (2020:f120,375).
Provaons for bad and	doubtful	debts included above for the company are f142,824(2020:f91,778).
Rent arrears included within the above for the group are f498,477 (2020:f430,153)and for the company are f414,547 (2020:f316,519).
Creditors: Amounts	falling due within one year
			Group	Group	Company	Company
			2021f	2020	2021 6	2020f
Bankloans			81,114	81,399	81,114	81,399
Trade creditors			460,470	227,948	436,827	155,282
Amounts owed to group underlakings					67S,139
Other taxation and social secunty			27,104	42,648	23,302	13,050
Other creditors			166,173	84,373	160,461	21,717
Accruals and deferred	income		453,565	671,598	336,132	492,354
			1,208,426	1,107,966	1,716,975	773,802

						Group 2021	Group 2020	Company 2021	Company 2020
						8		6
Bank loans						2,290,226	2,373,343	2,290,226	2,373,343
Other creditors							54,652
						2,290,226	2,427,995	2,290,226	2,373,343
Included within the above are amounts					falling	due as follows;
						Group 2021	Group 2020	Company 2021	Company 2020
						E		F	E
Between one and two years
Bank loans						83,682	81,114	83,582	81,114
Between two and five years
Bank loans						174,687	169,531	174,687	169,531
Over five years
Bank loans						2,031,957	2,122,698	2,031,957	2,122,598
The aggregate		amount of liabilities		payable		or repayable wholly	or in part more than five		years after the
reporting date is:
						Group 2021	Group 2020	Company 2021	Company 2020
						8		8	E
Repayable	by	instalments
Payable or	repayable		by instalrnents			2,031,957	2,122,698	2,031,957	2,122,898
						2,031,957	2,122,698	2,031,957	2,122,698

								Group	Group
								2021	2020
								E
	Net income for the year					(as per Statement ofFinancial Activities)		621,857	189,285
	Adjustments		for:
	Depreciation		charges					254,434	286,714
	Interest income							(2,654)	(4,181)
	Decrease	in	debtors					158,199	60,263
	Increase	in creditors						46,093	205,642
	Decrease	in	provisions					(25,140)	(25,397)
	Net cash	provided		by		operating	activities	'I,052,789	712326
18.	Analysis	of	cash and		cash equivalents
								Group	Group
								2021	2020
									6
	Cash in hand							2,644,458	3,215,002
	Total cash and cash				equivalents			2,644,458	3,215,002
19.	Analysis	of	changes		in net debt

			At 1 April		At 31 March
			2020	Cash flows	2021
				6	6
			6
Cash	at bank and in hand		3,215,002	(570,544)	2,644,458
Debt	due within	1 year	(81,399)	285	(81,114)
Debt	due after	1 year	(2,373,343)	83,117	(2,290,226)
			760,260	(487,142)	273,'I18

Reconcili	ation of	opening and closin	g provision
			2021	2020
			6
Provision	at the start ofthe year		129,504	154,901
Deficit contribution		paid	(25,140)	(25,397)
			104,384	'129,504

payments	und	er noh-cancellable operating lea	ses as follows:
			Group	Group	Company	Company
			2021	2020	2021	2020
			6		8	6
Not later than		1 year	396,180	412,646	136,880	176,563
Later than	1 year and not later than 5years		483,182	510,054	289,800	313,763
Later than	5years		162,600	38,000
			1,060,872	960,700	408,680	490,326

Transactions with Non-Regulated	Transactions with Non-Regulated	Transactions with Non-Regulated
			2021	2020
			6	E
Management Charge		Expenditure
YMCA	Wolverhampton
YMCA	Walsall
Rental	Expenditure
YMCA	Wolvsrhamptcn		115,248	47,221
YMCA	Walsall		30,709	20,000
Premises Related Expenditure
YMCA	Wolverhampton
YMCA	Walsall
Management Charge		Income
YMCA	Wolverhamplcn		289,490	276,721
YMCA	Walsall		90,588	57,556
Rents I	Income
YMCA	Wolverhampton		97,852	79,600
YMCA	Walsall		60,000	60,000
Pmmises Related Income
YMCA	Woiverhampton		43,784	33,600
YMCA	Walsau		6,360	6 360