2022-03-31-accounts - Maidstone YMCA

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			Page
Reference and administrative		details
Trustees' report			2-8
Independent auditor's	report		9-12
Statement offinancial	activities		13
Balance sheet			14
Statement ofcash flows			15
Notes to the financial	statements		16-27

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)
				8 W P Price (Chair)
				S J Fraser-Mackintosh		(Vice Chair)
				D J Mortimer
				J A Collins (resigned 19April 2022) KA Mandy (reaia"ed 2~ Ses'6 SJ Rose
				M Dewsbury (appointed			15February 2022)
				I Newbury (appointed		15February			2022)
Key management				L Dale (Chief Executive		Officer)		(retired 31December 2021)
				A J Bantock (Business		Manager,		then Chief Executive Officer)
				(appointed 1January	2022)
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				Gull ands
				16 Mill Street
				Maidstone
				Kent ME15 6XT
Investment	advisors			Rathbone Investment		Management			Limited
				Port of Liverpool Building
				Pier Head
				Liverpool
				L3 1NW

					2022	2022	2022	2021
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Note	E	E	E	E
Income from:
Donations, grants and		legacies		4	75,161	9,800	84,961	247,736
Charitable activities				5	863,018		863,018	387,517
Other trading activities					2,148		2,148	2,854
Investments					2,798		2,798	4,291
Total					943,125	9,800	952,925	642,398
Expenditure on:
Charitable activities				6	959,589	5,430	965,019	831,642
Net expenditure				7	( 16,464)	4,370	( 12,094)	( 189,244)
Transfers between funds				14	6,670	( 6,670)
Increase in provision	for	pension	fund deficit	13	( 4,978)		( 4,978)	( 67,168)
Net losses on investments		—Unrealised			( 536)		( 536)
Net movement in funds					( 15,308)	( 2,300)	( 17,608)	( 256,412)
Reconciliation offunds:
Total funds brought	forward				4,628,449	105,100	4,733,549	4,989,961
Total funds carried	forward			14	4,613,141	102,800	4,715,941	4,733,549

				2022	2022	2021	2021
			Note	E		E	E
Fixed assets
Tangible assets			9		4,164,514		4,219,922
Investments			10		246,964
					4,411,478		4,219,922
Current assets
Stocks				1,996		612
Debtors			11	37,530		13,915
Cash at bank and in hand				481,052		725,523
				520,578		740,050
Creditors: amounts	falling due
within one year			12	( 87,489)		( 81,016)
Net current assets					433,089		659,034
Total assets less current		liabilities			4,844,567		4,878,956
Creditors: amounts	falling due
after more than one year			13		( 128,626)		( 145,407)
Total net assets					4,715,941		4,733,549
The funds ofthe charity:
Restricted funds					102,800		105,100
Unrestricted funds					4,613,141		4,628,449
			14		4,715,941		4,733,549

						2022	2021
					Note	f	f
Cash flows from/(used in) operating		activities:
Net cash from/(used in) operating	activities				A	28,813	( 105,478)
Cash flows from investing activities:
Interest received						2,798	4,291
Purchases of investments						( 245,938)
Purchase oftangible fixed assets						( 28,582)	( 1,179)
Net cash (used in)/provided by investing			activities			( 271,722)	3,112
Change in cash and cash equivalents		in the		year		( 242,909)	( 102,366)
Cash and cash equivalents at the beginning				ofthe year		725,523	827,889
Cash and cash equivalents at the	end	ofthe year				482,614	725,523
Being
Cash at bank and in hand						481,052	725,523
Cash balances on investments					10	1,562
						482,614	725,523
A. Reconciliation ofnet expenditure		to net		cash flow from operating
activities
Net expenditure for the year						( 17,608)	( 256,412)
Depreciation charges						83,990	101,215
Net losses on investments						536
Loss on disposal offixed assets							1,404
Interest received						( 2,798)	(4,291)
(Increase)/decrease in stocks						(1,384)	2,346
(Increase)/ decrease in debtors						( 23,615)	7,072
(Decrease)/ increase in creditors						( 10,308)	43,188
Net cash from/(used in) operating	activities					28,813	( 105,478)

4	INCOME F	ROM	DONAT	ION	S, GRANTS AND LEGACIES
						2022	2021
						E,	E
	Coronavirus1ob		Retention		Scheme	11,349	210,908
	Other COVID-19		grants			52,144	32,928
	Grants from trusts and			foundations		12,686	3,900
	Legacies					8,782
						84,961	247,736
	In the preceding		period,	income ofE3,900was restricted.
5	INCOME FROM		CHARITABLE ACTIVITIES
						2022	2021
						E	f
	Sports and	community		centres		615,805	145,133
	Pre-school	income				247,213	242,384
						863,018	387,517

EXPENDITURE ON CHARITABLE ACTIVITIES	EXPENDITURE ON CHARITABLE ACTIVITIES	EXPENDITURE ON CHARITABLE ACTIVITIES
			2022	2022	2022	2021
			Direct	Support
			costs f	costsf	Totol f	Totalf
Sports and community	centres		507,306	118,606	625,912	373,468
Pre-school			291,493	47,614	339,107	458,174
			798,799	166,220	965,019	831,642
					2022 f	2021f
Direct costs comprise:
Staff costs					422,474	396,839
Other staff costs					9,852	6,235
Depreciation					83,990	101,215
Loss on disposal						1,404
Direct activity costs					56,448	16,732
Advertising and marketing					7,361	1,242
Legal and professional	costs				5,014	4,688
Premises costs					125,319	75,558
Insurance and licences					23,049	19,497
Office and other costs					34,557	27,972
Irrecoverable VAT					30,735	21,459
					798,799	672,841
					2022f	2021 f
Support costs comprise:
Staff costs					153,525	150,059
Investment management		fees			2,500
Office and other costs					2,445	2,542
Governance costs:
Audit fees					6,750	5,200
Other					1,000	1,000
					166,220	158,801

NET EXPENDITUR	E
						2022	2021
						f	f
Net expenditure	is	stated	after charging:
Depreciation						83,990	101,215
Loss on disposal							1,404
Auditor's remuneration			for audit services			6,750	5,200
Auditor's remuneration			for non-audit		services	1,000	1,000
Operating lease	rentals						4,963
STAFF COSTS
						2022f	2021 f
Gross salaries						519,156	510,145
Employer's National		Insurance		contributions		17,303	21,172
Employer's pension		contributions				5,662	6,445
Coaching costs						33,878	9,136
						575,999	546,898

TANGIBLE FIXEDASSETS
	Freehold	Plant &	Fixtures 8	Office
	property	equipment	fittings	equipment	Totol
	E	E	E	E
Cost
At 1April 2021	4,605,552	412,236	239,297	94,646	5,351,731
Additions		9,436	18,372	774	28,582
At 31March 2022	4,605,552	421,672	257,669	95,420	5,380,313
Depreciation
At 1April 2021	562,012	337,618	141,522	90,657	1,131,809
Charged for the year	57,447	10,111	13,577	2,855	83,990
At 31March 2022	619,459	347,729	155,099	93,512	1,215,799
Net book value
At 31March 2022	3,986,093	73,943	102,570	1,908	4,164,514
At 31March 2021	4,043,540	74,618	97,775	3,989	4,219,922

INVESTMENTS	2022	2021
	E	E
Market value
Additions	245,938
Net losses on investments	( 536)
Cash balances held	1,562
At 31March 2022	246,964

11	DEBTORS
					2022	2021
					E	E
	Trade debtors				4,316	1,966
	Prepayments	and accrued income			25,595	11,949
	Other debtors				7,619
					37,530	13,915
12	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2022	2021
					E	f
	Trade creditors				19,449	7,201
	Accruals and deferred		income		26,743	43,615
	Tax and social	security			1,316	182
	Pension liability			(see notes 13and 17)	21,143	20,527
	Other creditors				18,838	9,491
					87,489	81,016

The mov	ement on deferred income, which relates to subs	criptions and grants, is as follows:
		2022	2021
		E	E
Balance	at 1April 2021	36,865	26,201
Released	to income	( 36,865)	( 26,201)
Received	in the year and deferred	17,191	36,865
Balance	at 31March 2022	17,191	36,865

CREDITO	RS: AMOUNTS FALLING DU	E AFTER MORE THAN ONE YEAR
			2022	2021
			E
Pension	liability	(see note 17)	128,626	145,407
			128,626	145,407
Pension	liability
At 1 April	2021		165,934	119,294
Payments	made		( 21,143)	( 20,528)
Increase	in provision		4,978	67,168
At 31March 2022			149,769	165,934
Due within one year			21,143	20,527
Due in more than one year			128,626	145,407

				Expenditure,
		Brought		gains and		Carried
CURRENT YEAR		forward	income	losses	Transfers	forward
		f			E	E
Restricted funds:
Tovil Community	Centre	101,200		( 2,300)		98,900
Kent Community	Foundation	3,900				3,900
National Lottery			9,800	( 3,130)	( 6,670)
		105,100	9,800	( 5,430)	( 6,670)	102,800
Unrestricted funds
Designated funds:
Freehold land and buildings		3,942,338		( 55,147)		3,887,191
Bequest					8,782	8,782
General fund		686,111	943,125	( 909,956)	( 2,112)	717,168
		4,628,449	943,125	( 965,103)	6,670	4,613,141
Total funds		4,733,549	952,925	( 970,533)		4,715,941

					Expenditure,
			Brought		gains and		Carried
PRIOR YEAR			forward	Income	losses	Transfers	forward
				E	E	E
Restricted funds
Tovil Community		Centre	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:
Freehold	land and buildings		3,997,483		( 55,145)		3,942,338
General fund			888,978	638,498	( 841,365)		686,111
			4,886,461	638,498	( 896,510)		4,628,449
Totalfunds			4,989,961	642,398	( 898,810)		4,733,549

ANALYSIS OF NET ASSETS BETWEEN FUNDS
	Unrestricted	Restricted
	funds	funds	Totalfunds
CURRENT YEAR	E	E	E
Fixed assets	4,312,578	98,900	4,411,478
Net current assets	429,189	3,900	433,089
Creditors due in more than one year	( 128,626)		( 128,626)
	4,613,141	102,800	4,715,941
PRIOR YEAR
Fixed assets	4,118,722	101,200	4,219,922
Net current assets	655,134	3,900	659,034
Creditors due in more than one year	( 145,407)		( 145,407)
	4,628,449	105,100	4,733,549