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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|||||||
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||||||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|
##
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|||||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)|
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|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|
|6|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|
##
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|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|
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|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||
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|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|
##
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||||||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|
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|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|
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