## ## ## |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| ## ## ## |9|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| |15|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|included|in the|balance|sheet|arising|from|the|charity's||| |---|---|---|---|---|---|---|---|---|---|---|---| |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| ||||N
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Illa| ## ## |23|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|| ## ## |26|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)|