| Trustees | Mr A Drake | Mr A Drake | |||||
|---|---|---|---|---|---|---|---|
| Mr D Hall-Davies | |||||||
| M R Mulloy | |||||||
| Mr C N Seamarks | |||||||
| Mr G Oatridge | (Appointed | 23 November | |||||
| 2021) | |||||||
| Mr B R Cooke | (Appointed | 23 November | |||||
| 2021) | |||||||
| Ms S Hartley | (Appointed | 25 January | |||||
| 2022) | |||||||
| Secretary | M Lloyd | ||||||
| Charity number | 1106198 | ||||||
| Company | number | 05194135 | |||||
| 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 |
1-4 | |
| Independent auditor's |
report | 5-8 |
| Statement offinancial | activities | |
| Balance sheet | 10 | |
| Statement ofcash flows | ||
| Notes to the financial | statements | 12-26 |
| Unrestricted | Restricted | Total Unrestricted | Total Unrestricted | Restricted | Tota I | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||||
| Notes | 2022 f. |
2022 F |
2021 6 |
2021f | 2021 6 |
||||||
| wm | n | fro | |||||||||
| Donations and |
legacies | 827,112 | 827,112 | ||||||||
| Charitable activities |
660,250 | 660,250 | 2,184,600 | 2,184,600 | |||||||
| Investments | 498,563 | 498,563 | 516,823 | 516,823 | |||||||
| Other income | 28,927 | 28,927 | 9,680 | 9,680 | |||||||
| Total income | 527,490 | 660,250 | 1,187,740 | 526,503 | 3,011,712 | 3,538,215 | |||||
| ~gtito~ur | n: | ||||||||||
| Charitable activities |
7 | 209,444 | 79,582 | 289,026 | 190,669 | 57,310 | 247,979 | ||||
| Other | 125,556 | 125,556 | 110,387 | 110,387 | |||||||
| Total expenditure | 335,000 | 79,582 | 414,582 | 301,056 | 57,310 | 358,366 | |||||
| Net income for the year/ | |||||||||||
| Net incoming | resources | 192,490 | 580,668 | 773,158 | 225,447 | 2,954,402 | 3,179,849 | ||||
| Other recognised | gains | and | losses | ||||||||
| Actuarial loss on |
|||||||||||
| defined benefit | pension | ||||||||||
| schemes | (9,242) | (9,242) | (1,282) | (2,112) | (3,394) | ||||||
| Net movement | in | funds | 183,248 | 580,668 | 763,916 | 224,165 | 2,952,290 | 3,176,455 | |||
| Fund balances | at | 1 April | 2021 | 3,018,699 | 2,974,582 | 5,993,281 | 2,794,534 | 22,292 | 2,816,826 | ||
| Fund balances at | 31 Nlarch | ||||||||||
| 2022 | 3,201,947 | 3,555,250 | 6,757,197 | 3,018,699 | 2,974,582 | 5,993,281 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | 6 | 6 | ||||
| Fixed assets | ||||||
| Tangible assets | 12 | 4,675,444 | 868,454 | |||
| Investment | properties | 13 | 7,031,203 | 6,537,209 | ||
| 11,706,647 | 7,405,663 | |||||
| Current assets | ||||||
| Debtors | 14 | 210,067 | 6,394 | |||
| Cash at bank and in | hand | 493,164 | 1,883,892 | |||
| 703,231 | 1,890,286 | |||||
| Creditors: | amounts | falling due within | ||||
| one year | 16 | (211,165) | (125,255) | |||
| Net current | assets | 492,066 | 1,765,031 | |||
| Total assets less current liabilities | 12,198,713 | 9,170,694 | ||||
| Creditors: | amounts | falling due after | ||||
| more than | one | year | 17 | (5,422,105) | (3,165,336) | |
| Provisions | for | liabilities | 19 | (19,411) | (12,077) | |
| Net assets | 6,757,197 | 5,993,281 | ||||
| Income funds | ||||||
| Restricted ~trd |
funds d |
d | 21 | 3,555,250 | 2,974,582 | |
| Designated | funds | 20 | 213,586 | 108,452 | ||
| General unrestricted | funds | 2,988,361 | 2,910,247 | |||
| 3,201,947 | 3,018,699 | |||||
| 6,757,197 | 5,993,281 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 8 | F | |||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
27 | 115,390 | 1,954,164 | ||||
| Investing | activities | ||||||
| Purchase oftangible fixed assets |
(4,304,294) | (643,725) | |||||
| Investment | income received | 498,563 | 516,823 | ||||
| Net cash used in investing | activities | (3,805,731) | (126,902) | ||||
| Financing | activities | ||||||
| Proceeds | from borrowings | 90,000 | |||||
| Proceeds | of new bank loans | 2,291,350 | |||||
| Repayment | ofbank loans | (81,737) | (87,477) | ||||
| Net cash | generated from/(used |
in) | |||||
| financing | activities | 2,299,613 | (87,477) | ||||
| Net (decrease)/increase in |
cash and cash | ||||||
| equivalents | (1,390,728) | 1,739,785 | |||||
| Cash and | cash equivalents | at beginning | ofyear | 1,883,892 | 144,107 | ||
| Cash and | cash equivalents | at end ofyear | 493,164 | 1,883,892 |
| 3 | Donations | and legacies | |||
|---|---|---|---|---|---|
| Total | Restricted | ||||
| funds | |||||
| 2022f | 2021 6 |
||||
| Donations | and gifts | 827,112 | |||
| 4 | Charitable | activities | |||
| Charitable | Charitable | ||||
| Income | Income | ||||
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| Performance | related grants | 660,250 | 2,184,600 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022f | 2021 | ||
| Rental | income | 498,552 | 516,800 |
| Income | from listed investments | 11 | 23 |
| 498,563 | 516,823 |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| 2022 6 |
2021f |
| 28,927 | 9,680 |
| Charitable | Charitable | |||
|---|---|---|---|---|
| Expenditure Expenditure |
||||
| 2022 | 2021 | |||
| f | f | |||
| Staff costs | 37,126 | 13,228 | ||
| Depreciation | and impairment | 662 | 828 | |
| Housing rents |
(311) | |||
| Repairs &maintenance |
74,683 | 69,083 | ||
| Property insurance |
21,918 | 22,156 | ||
| Motor &travel | expenses | 997 | 228 | |
| Telephone | 55 | 60 | ||
| Postage 8 stationery | 1,792 | 30 | ||
| Grant funded | programmes | 2,461 | 10,673 | |
| 139,694 | 115,975 | |||
| Share of support costs (see note 10) | 103,954 | 72,043 | ||
| Share of governance | costs (see note 10) | 45,378 | 59,961 | |
| 289,026 | 247,979 | |||
| Analysis by |
fund | |||
| Unrestricted funds |
209,444 | 190,669 | ||
| Restricted funds | 79,582 | 57,310 | ||
| 289,026 | 247,979 |
| 2022 | 2021 |
|---|---|
| Number | Number |
| Employees | (Continued) | ||||||
|---|---|---|---|---|---|---|---|
| Employment costs |
2022 | 2021 | |||||
| 6 | 6 | ||||||
| Wages and | salaries | 36,314 | 13,025 | ||||
| Other pension costs | 812 | 203 | |||||
| 37,126 | 13,228 | ||||||
| There were no employees | whose annual | remuneration | was more than | F60,000. | |||
| Support costs | |||||||
| Support Governance | 2022 | Support | Governance | 2021 | |||
| costs | costs | costs | costs | ||||
| E | F | F | F | ||||
| Operating | lease charges | 65,000 | 65,000 | 32,500 | 32,500 | ||
| Central management | |||||||
| cost | 38,954 | 38,954 | 39,543 | 39,543 | |||
| Audit fees | 4,840 | 4,840 | 5,060 | 5,060 | |||
| Legal and | professional | 24,049 | 24,049 | 45,774 | 45,774 | ||
| Bank charges | 16,489 | 16,489 | 9,127 | 9,127 | |||
| 103,954 | 45,378 | 149,332 | 72,043 | 59,961 | 132,004 | ||
| Analysed between |
|||||||
| Charitable | activities | 103,954 | 45,378 | 149,332 | 72,043 | 59,961 | 132,004 |
| 11 | Other | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||||
| funds | funds | ||||||
| 2022 | 2021 | ||||||
| Net loss on disposal oftangible | fixed assets | 2,648 | |||||
| Financing | costs | 122,908 | 110,387 | ||||
| 12 | Tangible | fixed assets | |||||
| Assets under | Fixtures and | Total | |||||
| construction | fittings | ||||||
| E | |||||||
| Cost | |||||||
| At 1 April | 2021 | 865,144 | 43,647 | 908,791 | |||
| Additions | 4,304,294 | 4,304,294 | |||||
| Disposals | (43,647) | (43,647) | |||||
| Transfer to investment | property | (493,994) | (493,994) | ||||
| At 31 March 2022 | 4,675,444 | 4,675,444 | |||||
| At 1 April | 2021 | 40,337 | 40,337 | ||||
| Depreciation charged |
in the year | 662 | 662 | ||||
| Eliminated | in respect ofdisposals | (40,999) | (40,999) | ||||
| Carrying | amount | ||||||
| At 31 March 2022 | 4,675,444 | 4,675,444 | |||||
| At 31 March 2021 | 865,144 | 3,310 | 868,454 |
| Investment property |
||
|---|---|---|
| 2022f | ||
| Fair value | ||
| At 1 April 2021 | 6,537,209 | |
| Transfers from assets |
in course of construction | 493,994 |
| At 31 March 2022 | 7,031,203 |
| 14 | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Amounts | falling due within one year: | 6 | 6 | |||
| Trade debtors | 2,567 | 6,394 | ||||
| Other debtors | 207,500 | |||||
| 210,067 | 6,394 | |||||
| 15 | Loans and overdrafts | |||||
| 2022 | 2021 | |||||
| E | F | |||||
| Bank loans | 5,287,426 | 3,077,814 | ||||
| Other loans | 90,000 | |||||
| 5,377,426 | 3,077,814 | |||||
| Payable | within one year | 130,321 | 87,478 | |||
| Payable | after one | year | 5,247,105 | 2,990,336 | ||
| Amounts | included | above which | fall due after five years: | |||
| Payable | by instalments | (4,444,683) | (2,640,418) |
| Notes | 2022 F |
2021f | |||
|---|---|---|---|---|---|
| Bankloans | 15 | 122,821 | 87,478 | ||
| Other borrowings | 7,500 | ||||
| Other taxation | and social security | (1,792) | 73 | ||
| Trade creditors | 64,376 | 18,254 | |||
| Accruals and deferred | income | 18,260 | 19,450 | ||
| 211,165 | 125,255 |
| Credi | tors: amounts falling due after m |
ore than one year | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Notes | F | 6 | ||
| Bank | loans | 15 | 5,164,605 | 2,990,336 |
| Other | borrowings | 82,500 | ||
| Other | creditors | 175,000 | 175,000 | |
| 5,422,105 | 3,165,336 |
| The loan of | f175,000 is unsecured, interest free |
and with no fixed repayment t |
erms. | |
|---|---|---|---|---|
| Provisions | for liabilities | 2022 | 2021 | |
| Notes | F. | 6 | ||
| Retirement | benefit obligations | 19 | 19,411 | 12,077 |
| 19,411 | 12,077 |
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| 24 | Capital commitments | Capital commitments | 2022 F |
2021f | ||
|---|---|---|---|---|---|---|
| At 31 March | 2022 the | charity had capital commitments | as follows: | |||
| Contracted | for but not | provided in the financial statements: |
||||
| Acquisition | of property, | plant and equipment | 676,953 | 4,518,437 |
| During the year the charity received income | During the year the charity received income | totalling E498,550 | totalling E498,550 | totalling E498,550 | totalling E498,550 | (2021: | f516,800) from other YMCA's who | f516,800) from other YMCA's who | f516,800) 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. |
||||||||||
| 27 | Cash generated from operations |
2022 | 2021 | |||||||
| E | f | |||||||||
| Surplus for the year | 773,158 | 3,179,849 | ||||||||
| Adjustments for. |
||||||||||
| Investment income recognised in statement |
offinancial | activities | (498,563) | (516,823) | ||||||
| Loss on disposal oftangible fixed assets |
2,648 | |||||||||
| Depreciation and impairment oftangible |
fixed assets | 662 | 828 | |||||||
| Difference between pension charge and |
cash contributions | (1,908) | (1,844) | |||||||
| Movements in working capital: |
||||||||||
| (Increase) in debtors |
(203,674) | (5,443) | ||||||||
| Increase/(decrease) in creditors |
43,067 | (702,403) | ||||||||
| Cash generated from operations |
115,390 | 1,954,164 | ||||||||
| 28 | Analysis ofchanges in net (debt)/funds |
|||||||||
| At 1 April | 2021f | Cash llowsAt 31 March 2022 f E |
||||||||
| Cash at bank and in hand |
1,883,892 | (1,390,728) | 493,164 | |||||||
| Loans falling due within one year | (87,478) | (42,843) | (130,321) | |||||||
| Loans falling due after more than one year | (2,990,336) | (2,256,769) | (5,247,105) | |||||||
| (1,193,922) | (3,690,340) | (4,884,262) |