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##
##
|Trustees|||MrADrake|||||
|---|---|---|---|---|---|---|---|
||||Mr D Hall-Device|||||
||||M R Mulloy|||||
||||Mr G Oatridge|||||
||||Mr BRCooke|||||
||||Ms SHartley|||||
||||Mrs 3 Browne|||(Appointed|27 September 2022)|
||||Mr M D Patt(neon|||(Appointed|25October 2022)|
||||Mrs LPrentice|||(Appointed|25 October 2022)|
|Secretary|||M Lloyd|||||
|Charity number|||1106196|||||
|Company|number||05194135|||||
|Homes England||PRP Number|4639|||||
|Registered|utica||StAlbans Road|||||
||||Lytham StAnnes|||||
||||Lancashire|||||
||||FY8 1XD|||||
|Auditor|||Champion Accountants||LLP|||
||||Unit 2 Olympic|Court||||
||||Whitehills
Business Park|||||
||||Blackpool|||||
||||Lancashire|||||
||||FY4 5GU|||||
##
##
|||Page|
|---|---|---|
|Trustees' report|||
|Ratement oftrustees'|responsibilities||
|independent
auditor's|report|5-8|
|Statement offinancial|activities||
|Balance sheet||to|
|Statement ofcash flows|||
|Notes to the financial|statements|t2-28|
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||||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2023|2023|2023|2022 as|2022 as|2022as|
||||||||restated|restated|restated|
|||Notes||6|||6|6|6|
|Income and endowments|||from|||||||
|Charitable
activities||3|||269,554|269,554||209,200|209,200|
|Investments||4||612,332||612,332|498,563||498,563|
|Other income||5||6,127||6,127|28,927||28,927|
|Total income||||618,459|269,554|88S,013|527,490|209,200|736,690|
|Exgeedmt~n:||||||||||
|Charitable
activities||7||388,817||388,817|209,444|79,582|289,026|
|Other||||210,184||210,184|125,556||125,556|
|Total expenditure||||599,001||599,001|335,000|79,582|414,582|
|Net incoming
resources||||||||||
|before transfers||||19,458|269,554|289,012|192,490|129,618|322,108|
|Gross transfers||||||||||
|between
funds||||997,054|(997,054)||209,200|(209,200)||
|Net incomel(expenditure)||||||||||
|for the yearl||||||||||
|Net incomingl(outgoing)||||||||||
|resources||||1,016,512|(727,500)|289,012|401,690|(79,582)|322,108|
|Other recognised||gains and||losses||||||
|Actuarial loss on||||||||||
|defined benefit||||||||||
|pension schemes||||(1,532)||(1,532)|(9,242)||(9,242)|
|Net movement|in funds|||1,014,980|(727,500)|287,480|392,448|(79,582)|312,866|
|Fund balances at 1April||||||||||
|2022||||3,411,147|727,500|4,138,647|3,018,699|807,082|3,825,781|
|Fund balances|at|31||||||||
|March 2023||||4,426,127||4,426,127|3,411,147|727,500|4,138,647|
##
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##
|||||2023|2022 as|2022 as|
|---|---|---|---|---|---|---|
||||||restated||
||||Notes||6||
|Fixed assets|||||||
|Tangible assets|||12|5,475,982|4,675,444||
|Investment|properties||13|7,031,203|7,031,203||
|||||12,507,185|11,708,647||
|Current assets|||||||
|Debtors||||5,413|210,067||
|Cash at bank and in||hand||507,108|493,164||
|||||512,521|703,231||
|Creditors:|amounts|falling due within|||||
|one year|||16|(444,678)|(473,193)||
|Net current|assets|||67,843||230,038|
|Total assets less current liabilities||||12,575,028|11,936,685||
|Creditors:|amounts|falling due after|||||
|more than|one year||17|(8,131,247)|P,778,827)||
|Provisions|for liabilities||19|(17,654)||(19,411)|
|Net assets||||4,426,127|4,138,647||
|income funds|||||||
|Restricted|funds||22|||727,500|
|i)nfaatrictntUunfta|||||||
|Designated|funds||21|356,748|213,592||
|General unresbicted||funds||4,069,379|3,197,555||
|||||4,426,127|3,411,'I47||
|||||4,426,127|4,138,647||
##
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##
|||||2023||2022|as|
|---|---|---|---|---|---|---|---|
|||||||restated||
||||Notes|||f||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||27||347,247||115,390|
|Investing
activities||||||||
|Purchase oftangible fixed assets||||(858,181)||(4,304,294)||
|Investment
income received||||612,332||498,563||
|Net cash used in investing||activities|||(245,849)||(3,805,731)|
|Financing
activities||||||||
|Proceeds from borrowings||||||90,000||
|Proceeds of new bank loans||||||2,291,350||
|Repayment
of bank loans||||(87,454)||(81,737)||
|Net cash {used in)/generated||from||||||
|financing
activities|||||(87,454)||2,299,613|
|Net increasel(decrease)
in|cash and cash|||||||
|equivalents|||||13,944||(1,390,728)|
|Cash and cash equivalents|at beginning||ofyear||493,164||1,883,892|
|Cash and cash equivalents||at end of|year||507,108||493,164|
##
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##
||||Charitable|Charitable|
|---|---|---|---|---|
||||Income|income|
||||2023|2022 as|
|||||restated|
|||||6|
||Performance|related grants||200,000|
||Grant amortisation||269,554|9,200|
||||269,554|209,200|
|4|Investments||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022 as|
|||||restated|
|||||6|
||Rental income||612,117|498,552|
||Income from|listed investments|215|11|
||||612,332|498,563|
|5|Other income||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022as|
|||||restated|
||||5||
||Other income||6,127|28,927|
##
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##
|Supportcosts||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||Support Governance||||2023|Support|Governance|2022 as|
|||costs
f||costs
f|||costs
f|costs
f|restatedf|
|Operating
lease charges||5,415||||5,415|65,000||65,000|
|Central management||||||||||
|cost||16,491||||16,491|38,954||38,954|
|Audit fees||||5,740||5,740||4,840|4,840|
|Legal and professional||||91,349||91,349||24,049|24,049|
|Bank charges||||116||116||16,489|16,489|
|||21,906||97,205||119,111|103,954|45,378|149,332|
|Analysed
between||||||||||
|Charitable
activities||21,906||97,205||119,111|103,954|45,378|149,332|
|Governance
costs includes payments|||to the auditors||of|f5,740(2022 as restated-||f4,840)for audit fees.||
|Charitable
activities||||||||||
|||||||||Charitable|Charitable|
|||||||||Expenditure|Expenditure|
|||||||||2023|2022 as|
||||||||||restated|
|||||||||f|f|
|Staff costs||||||||43,966|37,126|
|Depreciation
and impairment||||||||57,642|662|
|Grant to Bolton YMCA||||||||80,000||
|Repairs 8 maintenance||||||||44,461|74,683|
|Property insurance||||||||30,650|21,918|
|Motor &travel expenses||||||||4,451|997|
|Telephone||||||||159|55|
|Postage &stationery|||||||||1,792|
|Grant funded
programmes||||||||3,785|2,461|
|Charitable
expenditure|heading 12|||||||4,592||
|||||||||269,706|139,694|
|Share of support costs (see note 6)||||||||21,906|103,954|
|Share ofgovernance|costs (see note||6)|||||97,205|45,378|
|||||||||388,817|289,026|
|Analysis
by fund||||||||||
|tfnrestricted
funds||||||||388,817|209,444|
|Resbicted funds|||||||||79,582|
##
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##
|The average|monthly
number ofemployees
during th|e year was:||
|---|---|---|---|
|||2023|2022as|
||||restated|
|||Number|Number|
|Employment|costs|2023|2022as|
||||restated|
||||6|
|Wages and salaries||42,867|36,314|
|Other pension costs||1,099|812|
|||43,966|37,128|
##
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##
||||||Unrestricted|tlnrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2023|2022 as|
|||||||restated|
|tfet loss|on disposal oftangible fixed assets|||||2,648|
|Financing|costs||||210,184|122,908|
|Tangible|fixed assets||||||
|||||Leasehold|Assets under|Total|
|||||improvements|construchon||
|||||6|||
|Cost|||||||
|At 1April|2022||||4,675,443|4,675,443|
|Additions|||||858,181|6,391,805|
|Transfer|to Leashold property|||5,533,624|(5,533,624)||
|At 31 March||2023||5,533,624||5,533,824|
|Depreciation||and impairment|||||
|Depreciation||charged|in the year|57,642||57,642|
|At 31 March||2023||57,642||57,642|
|Carrying|amount||||||
|At 31 March||2023||5,475,982||5,475,982|
|At 31 March||2022|||4,675,444|4,675,444|
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|Debtors||||||
|---|---|---|---|---|---|
|||||2023|2022as|
||||||mstated|
|Amounts|falling||due within one year:|6||
|Trade debtors||||5,092|2,567|
|Other debtors|||||207,500|
|Prepayments||and|accrued income|32'I||
|||||5,413|210,067|
|Loans and overdrafts||||||
|||||2023|2022as|
||||||restated|
||||||8|
|Bank loans||||5,197,182|5,287,426|
|Otherloans||||92,790|90,00G|
|||||5,289,972|5,377,426|
|Payable|within|one year||143,193|130,321|
|Payable|alter|one|year|5,146,779|5,247,105|
|Amounts|included||above which fall due after five years:|||
|Payable|by instalments|||(4,131,643)|(4,444,683)|
##
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##
|Creditors: amounts
falling due within one year||||
|---|---|---|---|
|||2023|2022as|
||||restated|
||Notes||6|
|Bank loans|15|135,693|122,821|
|Other borrowings
Other taxation and social security
Deferred income|18|7,500
(6,313)
262,028|7,500
{1,792)
262,028|
|Payments
received on account||5,80?||
|Trade creditors||27,836|64,376|
|Accruals and deferred income||12,127|18,260|
|||444,678|473,193|
|Creditors: amounts
falling due after more than one year||||
|||2023|2022 as|
||||restated|
||Notes||5|
|Bank loans
Other borrowings
Deferred income
Other creditors||5,061,489
85,290
2,809,468
175,000|5,164,605
82,500
2,356,522
175,000|
|||8,13'l,247|7,778,827|
|17|Creditors: amounts
falling due after more than one year|
|---|---|
||||2023|2022 as|
|---|---|---|---|---|
|||||restated|
|||||6|
|Arhing
Other|from government
deferred income|grants|2,841,246
230,250|2,388,300
230,250|
||||3,071,496|2,618,550|
##
##
|18|Deferred income|Deferred income||||(Continued)|
|---|---|---|---|---|---|---|
||||||2023|2022 as|
|||||||restated|
|||||||5|
||Deferred income is included||within:||||
||Current
liabilities||||262,028|262,028|
||Non-current|liabilities|||2,809,468|2,356,522|
||||||3,071,496|2,618,550|
||Movements|in the year:|||||
||Deferred income at 1April 2022||||2,618,550|2,167,500|
||Released from previous periods||||(269,554)|(9,200)|
||Resources|deferred
in the year|||722,500|460,250|
||Deferred income at 31 March 2023||||3,071,496|2,618,550|
|19|Provisions|for liabilities|||2023|2022 as|
|||||||restated|
|||||Notes||5|
||Retirement|benefit obligations||20|17,654|19,411|
||||||17,654|19,411|
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##
|||||Movement|in funds||Movemsnt|in funds||
|---|---|---|---|---|---|---|---|---|---|
||||Balsilce at|Incoming|Resources|Balance at|Incoming|Resources|Balance at|
|||1|Aprg 2021|msources|expended|1Apnl 2022|resources|expended|31March 2023|
||||E|E|E|E|E|E|E|
|Major|repairs|||||||||
|fund|||108,452|147,928|(42,788)|213,592|147,926|(43,408)|318,110|
||||108,452|147,928|(42,788)|213,592|147,926|(43,408)|318,110|
##
##
|24|Capital commitments|Capital commitments||||2023|2022as|
|---|---|---|---|---|---|---|---|
||||||||restated|
|||||||8|8|
||At 31 March|2023the|charity had capital commitments||as follows:|||
||Contracted|for bui not|provided|in the financial statements:||||
||Acquisition|ofproperty,|plant and equipment||||676,953|
##
##
##
##
||||2023|2022as|
|---|---|---|---|---|
|||||restated|
||||6||
|Within|one|year||5,417|
##
|27|Cash generated
from operations|||2023|2022as|
|---|---|---|---|---|---|
||||||restated|
||||||6|
||Surplus for the year|||289,012|322,108|
||Adjustments
for.|||||
||Investment
income recognised
in statement
offinancial
activiTies
(Gain)/loss
on disposal oftangible fixed assets
Depreciation
and impairment
oftangible fixed assets
Difference between pension charge and cash contributions|||(612,332)
57,642
(3,290)|(498,583)
2,648
662
(L908)|
||Movements
in working capital:|||||
||Decrease/(increase)
in debtors
(Decrease)/increase
in creditors
Increase in deferred income|||204,656
(41,387)
452,946|(203,674)
43,067
451,050|
||Cash generated
from operations|||347,247|115,390|
##
##
|28|Analysis ofchanges|in net (debt)lfunds||||
|---|---|---|---|---|---|
||||At 1Aprii 2022|Cash aowsAt 31 March 2023||
||||6|6|6|
||Cash at bank and in hand||493,164|13,944|507,108|
||Loans falling due within
Loans falling due after|one year
mare than one year|(130,321)
(5,247,105)|(12,882)
100,326|(143,193)
(5,'l46, 779)|
||||(4,884,262)|101,388|(4,782,864)|