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||||Page|
|---|---|---|---|
|Reference and administrative||details||
|Trustees'
report|||2-9|
|Independent
auditor's|report||10-13|
|Statement offinancial|activities||14|
|Balance sheet|||15|
|Statement ofcash flows|||16|
|Notes tothe financial|statements||17-27|
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##
|Charity name|Charity name||Maidstone
YMCA||||
|---|---|---|---|---|---|---|
|Charity number|||1110087(England|and Wales)|||
|Company|number||05460005 (England|and Wales)|||
|Principal|and|registered office|Sports and Community||Centre||
||||Melrose Close||||
||||Maidstone||||
||||Kent ME15 6BD||||
|Trustees|||V A Wallis MBE(President|||and Company Secretary)|
||||BW P Price (Chair)||||
||||5 J Fraser-Mackintosh||(Vice Chair)||
||||0 J Mortimer||||
||||J A Collins||||
||||K A Mandy||||
||||SJ Rose||||
|Key management|||L Dale (Chief Executive||Officer)||
||||AJ Bantock (Business Manager)||||
|independent||auditor|Lindeyer Francis Ferguson|||Limited|
||||Chartered
Accountants||||
||||North House||||
||||198High Street||||
||||Tonbridge||||
||||Kent TN9 1BE||||
|Bankers|||Lloyds Bank Pic||Close Brothers||
||||18Week Street||10Crown Place||
||||Maidstone||London||
||||Kent ME14 1RW||EC2A 4FT||
|Solicitors|||Gullands||||
||||16Mill Street||||
||||Maidstone||||
||||Kent ME15 6XT||||
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|||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Note|funds
E|fundsf|funds
E|funds
f|
|income from:||||||||
|Donations,|grants and legacies||4|243,836|3,900|||
|Charitable|activities||5|387,517|||1,147,599|
|Other trading
activities||||2,854||||
|Investments||||4,291|||11,017|
|Total||||638,498|3,900|642,398|1,158,616|
|Expenditure|on;|||||||
|Charitable|activities||6|829,342|2,300|831,642|1,194,153|
|Total||||829,342|2,300|831,642|1,194,153|
|Net expenditure|||7|( 190,844)|1,600|{189,244)|( 35,537)|
|Increase in provision||for pension fund deficit|12|( 67,168)||{67,168)||
|Net movement
in funds||||( 258,012)|1,600|{256,412)|( 35,537)|
|Reconciliation offunds:||||||||
|Total funds|brought|forward||4,886,461|103,500|4,989,961|5,025,498|
|Total funds|carried|forward|13|4,628,449|105,100|4,733,549|4,989,961|
##
|||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|
||||Note|f|f|f||
|Fixed assets||||||||
|Tangible assets|||||4,219,922||4,321,362|
||||||4,219,922||4,321,362|
|Current assets||||||||
|Stocks||||612||2,958||
|Debtors|||10|13,915||20,987||
|Cash at bank and in hand||||725,523||827,889||
|||||740,050||851,834||
|Creditors: amounts|falling due|||||||
|within one year|||11|( 81,016)||( 84,471)||
|Net current assets|||||659,034||767,363|
|Total assets less current||liabilities|||4,878,956||5,088,725|
|Creditors: amounts|falling due|||||||
|after more than one year|||12||( 145,407)||( 98,764)|
|Total net assets|||||4,733,549||4,989,961|
|The funds ofthe charity:||||||||
|Restricted
funds|||||105,100||103,500|
|Unrestricted
funds|||||4,628,449||4,886,461|
||||||4,733,549||4,989,961|
##
|||||Note|2022f|2020f|
|---|---|---|---|---|---|---|
|Cash flows (used in)/ from operating||activities:|||||
|Net cash (used in)/from
operating|activities|||A|( 105,478)|135,471|
|Cash flows from investing activities:|||||||
|Interest received|||||4,291|11,017|
|Purchase oftangible fixed assets|||||( 1,179)|( 121,795)|
|Net cash provided
by / (used in)|investing||activities||3,112|( 110,778)|
|Change
in cash and cash equivalents||in the|year||( 102,366)|24,693|
|Cash and cash equivalents
at the beginning|||ofthe year||827,889|803,196|
|Cash and cash equivalents
at the|end|ofthe year|||725,523|827,889|
|A. Reconciliation ofnet expenditure||to net|cash flow from operating||||
|activities|||||||
|Net expenditure
for the year|||||( 256,412)|( 35,537)|
|Depreciation
charges|||||101,215|110,983|
|I.oss on disposal offixed assets|||||1,404|546|
|Interest received|||||(4,291)|( 11,017)|
|Decrease / (increase)
in stocks|||||2,346|( 1,021)|
|Decrease
in debtors|||||7,072|98,139|
|Increase/(decrease)
in creditors|||||43,188|( 26,622)|
|Net cash used in operating
activities|||||( 105,478)|135,471|
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|INCOME FROM|DONAT|ION|S,
GRANTSAND|LEGACIES||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E|E|
|Coronavirus
Job|Retention||Scheme|||210,908||
|Other COVID-19|grants|||||32,928||
|Grants from trusts and||foundations||||3,900||
|||||||247,736||
|INCOME FROM|CHARITABLE ACTIVITIE5|||||||
|||||||2021|2020|
||||||||E|
|Sports and community||centres||||145,133|857,614|
|Pre-school income||||||242,384|289,985|
|||||||387,517|1,147,599|
|In the preceding|period,|income ofENil was||restricted.||||
|EXPENDITURE ON CHARITABLE ACTIVITIES||||||||
|||||2021|2021|2021|2020|
|||||Direct|Support|||
|||||costs|costs|Total|Total|
|||||E|E|E|E|
|Sports and community||centres||313,994|59,474|373,468|817,553|
|Pre-school||||358,847|99,327|458,174|376,600|
|||||672,841|158,801|831,642|1,194,153|
##
|||2021|2020|
|---|---|---|---|
|||E|E|
|Direct costs comprise:||||
|Staff costs||396,839|582,765|
|Other staff costs||6,235|14,359|
|Depreciation||101,215|110,984|
|Loss on disposal||1,404|546|
|Direct activitY costs||16,732|70,914|
|Advertising
and marketing||1,242|20,781|
|Legal and professional|costs|4,688|913|
|Premises costs||75,558|131,179|
|Insurance
and licences||19,497|26,614|
|Office and other costs||27,972|37,119|
|Irrecoverable
VAT||21,459|32,412|
|||672,841|1,028,586|
|||2022|2020|
|||E|E|
|Support costs comprise:||||
|Staff costs||150,059|152,993|
|Office and other costs||2,542|3,246|
|Governance costs:||||
|Audit fees||5,200|8,200|
|Other||1,000|1,128|
|||158,801|165,567|
|NET EXPENDITURE|||||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|Net expenditure
is stated|after charging:||||
|Depreciation|||101,215|110,984|
|Loss on disposal|||1,404|546|
|Auditor's
remuneration|for audit services||5,200|8,200|
|Auditor's
remuneration|for non-audit|services|1,000||
|Operating
lease rentals|||4,963|7,800|
##
|STAFF CO5|TS|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f|E|
|Gross salaries||||519,281|702,251|
|Employer's|National|Insurance|contributions|21,172|25,659|
|Employer's|pension|contributions||6,445|7,848|
|||||546,898|735,758|
|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||Freehold|Plant &|Fixtures &|Office||
||property
f|equipment
f|fittings
f|equipment
f|Total
f|
|Cost||||||
|At 1April 2020|4,605,552|415,376|239,297|94,646|5,354,871|
|Additions||1,179|||1,179|
|Disposals||( 4,319)|||( 4,319)|
|At 31March 2021|4,605,552|412,236|239,297|94,646|5,351,731|
|Depreciation||||||
|At 1April 2020|504,567|315,001|128,927|85,014|1,033,509|
|Charged for the year|57,445|25,532|12,595|5,643|101,215|
|Eliminated
on disposals||( 2,915)|||( 2,915)|
|At31March 2021|562,012|337,618|141,522|90,657|1,131,809|
|Net book value||||||
|At 31March 2021|4,043,540|74,618|97,775|3,989|4,219,922|
|At 31March 2020|4,100,985|100,375|110,370|9,632|4,321,362|
##
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E|f|
|Trade debtors||||||||1,966|2,401|
|Prepayments
and accrued||||income||||11,949|18,586|
|||||||||13,915|20,987|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||||||
|||||||||2021f|2020f|
|Trade creditors||||||||7,201|6,917|
|Accruals|and deferred|income||||||43,615|17,147|
|Tax and|socia Isecurity|||||||182|6,516|
|Pension|liability|||(see notes 12and|17)|||20,527|20,530|
|Other creditors||||||||9,491|33,361|
|||||||||81,016|84,471|
|The movement
on deferred||||income, which relates to subscriptions|and grants,|is|as follows;|||
|||||||||2021f|2020
E|
|Balance|at 1April 2020|||||||26,201|26,295|
|Released|to income||||||(|26,201)|( 26,295)|
|Received|in the year and||deferred|||||36,865|26,201|
|Balance|at 31March 2021|||||||36,865|26,201|
##
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|12|CREDITO|RS: AMOUNTS
FALLING DUE|AFTER MORE THAN ONE YEAR|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
||Pension|liability|(see note 16)|145,407|98,764|
|||||145,407|98,764|
||Pension|liability||||
||At 1April|2020||119,294|139,223|
||Payments|made||( 20,528)|( 19,929)|
||Increase|in provision||67,168||
||At 31March 2021|||165,934|119,294|
||Due within one year|||20,527|20,530|
||Due in more than one year|||145,407|98,764|
|13|MOVEMENT ON FUNDS|||||
|||Rrought||||Carried|
|---|---|---|---|---|---|---|
|CURRENT YEAR||forward
E|Income
E|Expenditure
E|Transfers|forward
f|
|Restricted funds|||||||
|Tovil Community|Centre||||||
|property||103,500||{2,300)||101,200|
|Kent Community|Foundation||3,900|||3,900|
|||103,500|3,900|( 2,300)||105,100|
|Unrestricted
funds|||||||
|Designated
funds||3,997,483||( 55,145)||3,942,338|
|General fund||888,978|638,498|( 774,197)|( 67,168)|686,111|
|||4,886,461|638,498|( 829,342)|( 67,168)|4,628,449|
|Tota Ifunds||4,989,961|642,398|( 831,642)|( 67,168)|4,733,549|
##
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||||Brought||||Carried|
|---|---|---|---|---|---|---|---|
|PRIOR YEAR|||forward|Income|Expenditure|Transfers|forward|
|||||E|E||E|
|Restricted funds||||||||
|Tovil Community||Centre||||||
|property|||105,800||( 2,300)||103,500|
||||105,800||( 2,300)||103,500|
|Unrestricted|funds|||||||
|Designated|funds||3,955,716||( 55,446)|97,213|3,997,483|
|General fund|||963,982|1,158,616|( 1,136,407)|( 97,213)|888,978|
||||4,919,698|1,158,616|( 1,191,853)||4,886,461|
|Totalfunds|||5,025,498|1,158,616|(1,194,153)||4,989,961|
##
|14|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|Totoifunds|
||CURRENT YEAR|E|E|E|
||Fixed assets|4,118,722|101,200|4,219,922|
||Net current assets|659,034||659,034|
||Creditors due in more than one year|( 145,407)||( 145,407)|
|||4,632,349|101,200|4,733,549|
||PRIOR YEAR||||
||Fixed assets|4,217,862|103,500|4,321,362|
||Net current assets|767,363||767,363|
||Creditors due in more than one year|( 98,764)||( 98,764)|
|||4,886,461|103,500|4,989,961|
##
|At 31 March 2021 the charity was committed
to future
m
operating
leases as follows:|inimum
lease payments
under
non-c|ancellable|
|---|---|---|
||2021|2020|
||E|E|
|Due within one year||3,900|
|RELATED PARTY TRANSACTION5|||
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