2021-03-31-accounts - Blackburn YMCA

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Trustees			Mr A Drake
			Mr D Hall-Davies
			K McGinty
			M R Mulloy
			Mr J Cronin
			Mr S P Osborne
			Mr D Robinson			(Appointed	10June 2020)
			Mr C N Seamarks
Charity	number		1106198
Company		number	5194135
Registered		office	StAlbans Road
			Lytham St	Annes
			Lancashire
			FY8 1XD
Auditor			Champion	Accountants	LLP
			Unit 2 Olympic Court
			Whitehills	Business Park
			Blackpool
			Lancashire
			FY4 5GU

		Page
Trustees' report		1-3
Independent auditor's	report	4-6
Statement offinancial	activities
Balance sheet
Statement ofcash flows
Notes to the financial	statements	10-24

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2021	2021	2021	2020	2020	2020
			Notes		6	6	6	F	6	6
	ndowments			from:
Donations and	legacies					827,112	827,112		350	350
Charitable activities						2,184,600	2,184,600		33,740	33,740
Investments					516,823		516,823	400,875		400,875
Other income					9,680		9,680	727		727
Total income					526,503	3,011,712	3,538,215	401,602	34,090	435,692
gx~en~di Leeg.
Charitable activities					190,669	57,310	247,979	208,072	33,538	241,610
Other				12	110,387		110,387	86,950		86,950
Total resources
expended					301,056	57,310	358,366	295,022	33,538	328,560
Net gains/(losses)			on
investments								627,000		627,000
Net income for		the year/
Net incoming	resources				225,447	2,954,402	3,179,849	733,580	552	734,132
Other recognised			gains	and	losses
Actuarial loss on
defined benefit	pension
schemes					(1,282)	(2,112)	(3,394)	(947)		(947)
Net movement		in	funds		224,165	2,952,290	3,176,455	732,633	552	733,185
Fund balances	at 1
April 2020					2,794,534	22,292	2,816,826	2,061,901	21,740	2,083,641
Fund balances		at	31
March 2021					3,018,699	2,974,582	5,993,281	2,794,534	22,292	2,816,826

					2021		2020
				Notes	F		E
Fixed assets
Tangible assets				13		868,454	225,557
Investment	properties			14		6,537,209	6,537,209
						7,405,663	6,762,766
Current assets
Debtors				15	6,394		951
Cash at bank and		in	hand		1,883,892		144,107
					1,890,286		145,058
Creditom:	amounts		falling due within
one year				17	(125,255)		(1,023,397)
Net current	assets/(liabilities)					1,765,031	(878,339)
Total assets less		current liabilities				9,170,694	5,884,427
Creditors: more than	amounts one year		falling due after	18		(3,165,336)	(3,057,075)
Provisions	for liabilities			19		(12,077)	(10,526)
Net assets						5,993,281	2,816,826
Income funds
Restricted	funds			21		2,974,582	22,292
Unrestricted	funds
Designated	funds			22	108,452		281,606
General unrestricted			funds		2,910,247		2,512,928
						3,018,699	2,794,534
						5,993,281	2,816,826

					2021		2020
				Notes			6
Cash flows from operating		activities
Cash generated from operations				28		1,954,164	592,400
Investing	activities
Purchase	oftangible fixed assets				(643,725)		(221,419)
Purchase	of investment property						(1,800,000)
Proceeds	on disposal of investment
property							(133,000)
Disposal of investment property							133,000
Investment	income received				516,823		400,875
Net cash	used in investing	activities				(126,902)	(1,620,544)
Financing	activities
Proceeds	of new bank loans						1,100,000
Repayment	of bank loans				(87,477)		(62,927)
Net cash	(used in)/generated		from
financing	activities					(87,477)	1,037,073
Net increase in cash and cash equivalents						1,739,785	8,929
Cash and	cash equivalents	at beginning		ofyear		144,107	135,178
Cash and	cash equivalents	at	end of	year		1,883,892	144,107

				Restricted	Restricted
				funds	funds
				2021 6	2020f
	Donations	and gifts		827,112	350
4	Charitable		activities
				Charitable	Charitable
				Income	Income
				2021	2020
				6	6
	Performance		related grants	2,184,600	33,740
5	Investments
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				6	5
	Rental income			516,800	400,868
	Income from listed investments			23	7
				516,823	400,875

			Unrestricted Unrestricted	Unrestricted Unrestricted
			funds	funds
			2021	2020
				6
Other income			9,680	727
Charitable activities
			Charitable	Charitable
			Expenditure Expenditure
			2021	2020
			6	F
Staff costs			13,228	12,712
Depreciation	and impairment		828	1,035
Housing rents			(311)	587
Repairs & maintenance			69,083	126,531
Property insurance			22,156	15,600
Motor &travel	expenses		228	3,489
Telephone			60	217
Sundry expenses				119
Computer costs				1,241
Postage &stationery			30	244
Grant funded	programmes		10,673	12,015
			115,975	173,790
Share of support costs (see note 9)			72,043	21,309
Share ofgovernance		costs (see note 9)	59,961	46,511
			247,979	241,610
Analysis by	fund
Unrestricted funds			190,669	208,072
Restricted funds			57,310	33,538
			247,979	241,610

Support costs	Support costs
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
		6	6		6
Operating	lease charges	32,500		32,500
Central management cost		39,543		39,543	21,309		21,309
Audit fees			5,060	5,060		5,880	5,880
Accountancy						490	490
Legal and	professional		45,774	45,774		40,058	40,058
Bank charges			9,127	9,127		83	83
		72,043	59,961	132,004	21,309	46,511	67,820
Analysed	between
Charitable	activities	72,043	59,961	132,004	21,309	46,511	67,820

The average	monthly number ofemployees during	the year was:
		2021	2020
		Number	Number
Employment	costs	2021	2020
		6	6
Wages and salaries		13,025	12,521
Other pension costs		203	191
		13,228	12,712

11	Net gains/(	lo	sses) on	in	vestmen	ts
								Total	Unrestricted
									funds
								2021	2020
								F	F
	Revaluation		of investment		properties				760,000
	Gain/(loss)	on sale ofinvestment				properties			(138,000)
									627,000
12	Other
								Unrestricted	Unrestricted
								funds	funds
								2021	2020
	Financing	costs						110,387	86,950
13	Tangible fixed assets
							Assets under	Fixtures and	Total
							construction	fittings
								6
	Cost
	At 1 April 2020						221,419	43,647	265,066
	Additions						643,725		643,725
	At 31 March		2021				865,144	43,647	908,791
	Depreciation		and impairment
	At 1 April 2020							39,509	39,509
	Depreciation		charged	in	the year			828	828
	At 31 March		2021					40,337	40,337
	Carrying	amount
	At 31 March		2021				865,144	3,310	868,454
	At 31 March		2020				221,419	4,138	225,557

14	Investment	property
			2021
			6
	Fair value
	At 1 April 2020 and 31 March 2021		6,537,209

Debtors
			2021	2020
Amounts	falling due within one year:		6	E
Trade debtors			6,394
Prepayments		and accrued income		951
			6,394	951

Loans and overdraf	ts
											2021 6	2020f
Bank loans										3,077,814		3,165,292
Payable within one year											87,478	108,217
Payable after one year										2,990,336		3,057,075
Amounts included above			which	fall due after five years:
Payable by instalments										(2,640,418) (2,624,208)
The long term bank	loans are secured by:
a) a first debenture	creating a			fixed and floating charge		over	the		assets ofthe charitable company
b) a first legal mortgage			over the freehold		property at Halton		YMCA
c)afirst legal mortgage			over six ofthe YMCA tenanted			investment			properties
The bank loans are	repayable			over a 25 year period by		monthly		instalments		expiring	in 2043 and	2044
Creditors: amounts		falling due within one year
											2021	2020
									Notes			6
Bank loans									16		87,478	108,217
Other taxation and social security											73	39
Trade creditors											18,254	202,331
Other creditors												700,000
Accruals and deferred		income									19,450	12,810
											125,255	1,023,397
Creditors: amounts		falling due after more than one				year
											2021	2020
									Notes
Bank loans									16	2,990,336		3,057,075
Other creditors											175,000
										3,165,336		3,057,075

The	amounts	in the	balance	arising
obligations in respect of		defined	benefit plans are	as follows:
					2021	2020
					6	6
Due	within one year				2,130	1,857
1 - 2	years				2,066	1,801
2 - 5	years				5,835	5,086
After	5years				2,046	1,782
Total	liability recognised				12,077	10,526

		Movement	in funds		Movement	in funds
	Balance at	Incoming	Resources	Balance at	Incoming	Resources			Balance at
	1April 2019	resources	expended	1 April 2020	resources	expended		31	March 2021
	6		5		6		fL		6
Bolton YMCA					600,000	(32,500)			567,500
Fylde Coast
YMCA					2,112	(2,	112)
Big Lottery
New
Beginning	17,141	33,740	(28,939)	21,942	17,100	(24,810)			14,232
SIB	4,600		(4,600)
Donation		350		350					350
Garfield
Weston					100,000				100,000
Clothworkers					90,000				90,000
Homes
England					2,167,500				2,167,500
Beatrice
Laing					35,000				35,000
	21,741	34,090	(33,539)	22,292	3,011,712	(59,422)			2,974,582

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Analysis	of net assets	between	funds
		Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
						funds	funds
			2021	2021	2021	2020	2020	2020
			8	6	8	E	6
Fund balances at
31 March	2021
are represented
by:
Tangible assets			3,310	865,144	868,454	225,557		225,557
Investment	properties	5,837,209		700,000	6,537,209	6,537,209		6,537,209
Current assets/
(liabilities)		323,093		1,441,938	1,765,031	(900,631)	22,292	(878,339)
Long term	liabilities	(3,165,336)		—	(3,165,336)	(3,057,075)		(3,057,075)
Provisionsand
pensions		(12,077)			(12,077)	(10,526)		(10,526)
		2,986,199		3,007,082	5,993,281	2,794,534	22,292	2,816,826

under	non-	cancellable operating leases, which fall	due as follows:
			2021	2020
			6	6
Within	one	year	65,000

Capital commitments	Capital commitments			2021	2020
				6	8
At 31 March	2021 the	charity had capital commitments	as follows:
Contracted	for but not	provided in the financial statements:
Acquisition	ofproperty,	plant and equipment		4,518,437	4,527,337

	During the year the charity received income totalling f516,800 (2020:	During the year the charity received income totalling f516,800 (2020:	During the year the charity received income totalling f516,800 (2020:	During the year the charity received income totalling f516,800 (2020:	During the year the charity received income totalling f516,800 (2020:	During the year the charity received income totalling f516,800 (2020:	F400,875) from other YMCA's who	F400,875) from other YMCA's who	F400,875) from other YMCA's who
	occupy property owned by Blackburn	YMCA.		The	board	of trustees	of Blackburn YMCA		includes a
	member from each ofthe tenant YMCA's.
28	Cash generated from operations							2021	2020
								6	6
	Surplus for the year							3,179,849	734,132
	Adjustments for:
	Investment income recognised in statement		offinancial		activities			(516,823)	(400,875)
	(Gain)/loss on disposal of investment property								133,000
	Fair value gains and losses on investment		properties						(760,000)
	Depreciation and impairment oftangible	fixed assets						828	1,035
	Difference between pension charge and	cash contributions						(1,844)	(1,799)
	Movements in working capital:
	(Increase)/decrease in debtors							(5,443)	13,752
	(Decrease)/increase in creditors							(702,403)	873,155
	Cash generated from operations							1,954,164	592,400
29	Analysis ofchanges in net(debt)/funds
						At 1 Aprii	2020 8	Cash ffcwsAt 31 March 2021f
	Cash at bank and in hand					144,107		1,739,785	1,883,892
	Loans falling due within one year					(108,217)		20,739	(87,478)
	Loans falling due after more than one year					(3,057,075)		(108,261)	(3,165,336)
						(3,021,185)		1,652,263	(1,368,922)