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||||Page|
|---|---|---|---|
|Reference and administrative||details||
|Trustees'
report|||2-8|
|Independent
auditor's|report||9-12|
|Statement offinancial|activities||14|
|Balance sheet|||15|
|Statement ofcash flows|||16|
|Notes to the financial|statements||17-28|
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##
|Charity name|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)|
||||||8W P Price (Chair)||||||||
||||||5I Fraser-Mackintosh||||(Vice Chair)||||
||||||DJMortimer||||||||
||||||5I Rose (resigned||2|March||2023)|||
||||||M Dewsbury||||||||
||||||I Newbury||||||||
||||||KA Mandy (resigned|||28 September|||2022)||
||||||I A Collins (resigned|||19April 2022)|||||
||||||N Harvey (appointed|||2 March 2023)|||||
|Key management|||||A I Bantock (Chief||Executive Officer)||||||
|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 ME156XT||||||||
|Investment||advisors|||Rathbone
Investment||||Management||Limited||
||||||Port of Liverpool|Building|||||||
||||||Pier Head||||||||
||||||Liverpool||||||||
||||||L3 1NW||||||||
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||||2023|2023|2023|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Note|E|E|E|E|
|Income from:|||||||
|Donations, grants
and|legacies||4,394|13,200|17,594|84,961|
|Charitable
activities|||1,015,999|14,737|1,030,736|863,018|
|Other trading
activities|||2,008||2,008|2,148|
|Investments|||2,647||2,647|2,798|
|Tata I|||1,025,048|27,937|1,052,985|952,925|
|Expenditure
on:|||||||
|Charitable
activities||6|1,027,825|31,187|1,059,012|965,019|
|Net expenditure||7|( 2,777)|(3,250)|( 6,027)|( 12,094)|
|Increase
in provision for|pension fund deficit|13|(1,974)||( 1,974)|( 4,978)|
|Net losses on investments|- Unrealised||( 17,564)||( 17,564)|( 536)|
|Net movement
in funds|||( 22,315)|( 3,250)|( 25,565)|( 17,608)|
|Reconciliation offunds:|||||||
|Total funds brought forward|||4,613,141|102,800|4,715,941|4,733,549|
|Total funds carried forward||14|4,590,826|99,550|4,690,376|4,715,941|
##
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|||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|
||||Note||E|E||
|Fixed assets||||||||
|Tangible assets|||9||4,219,524||4,164,514|
|Investments|||10||228,045||246,964|
||||||4,447,569||4,411,478|
|Current assets||||||||
|Stocks||||2,852||1,996||
|Debtors|||11|42,624||37,530||
|Cash at bank and in hand||||401,404||481,052||
|||||446,880||520,578||
|Creditors: amounts|falling due|||||||
|within one year|||12|( 95,195)||( 87,489)||
|Net current assets|||||351,685||433,089|
|Total assets less current||liabilities|||4,799,254||4,844,567|
|Creditors: amounts|falling due|||||||
|after more than one|year||13||( 108,878)||( 128,626)|
|Total net assets|||||4,690,376||4,715,941|
|The funds ofthe charity:||||||||
|Restricted funds|||||99,550||102,800|
|Unrestricted
funds|||||4,590,826||4,613,141|
||||14||4,690,376||4,715,941|
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Note|E|E|
|Cash flows from operating||activities:||||||
|Net cash from operating|activities||||A|62,848|28,813|
|Cash flows from investing||activities:||||||
|Interest received||||||2,647|2,798|
|Purchases of investments|||||||( 245,938)|
|Purchase oftangible fixed assets||||||( 146,498)|( 28,582)|
|Net cash used in investing||activities||||( 143,851)|( 271,722)|
|Change
in cash and cash|equivalents||in the|year||( 81,003)|( 242,909)|
|Cash and cash equivalents||at the beginning||ofthe year||482,614|725,523|
|Cash and cash equivalents||at the end|ofthe year|||401,611|482,614|
|Being||||||||
|Cash at bank and
in hand||||||401,404|481,052|
|Cash balances on investments|||||10|207|1,562|
|||||||401,611|482,614|
|A. Reconciliation
ofnet expenditure|||to net|cash flow from operating||||
|activities||||||||
|Net expenditure
for the year||||||( 25,565)|( 17,608)|
|Depreciation
charges||||||91,488|83,990|
|Net losses on investments||||||17,564|536|
|Interest received||||||( 2,647)|( 2,798)|
|Increase
in stocks||||||( 856)|( 1,384)|
|Increase
in debtors||||||( 5,094)|( 23,615)|
|Decrease
in creditors||||||( 12,042)|( 10,308)|
|Net cash from operating|activities|||||62,848|28,813|
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|INCOME FR|OM|DONATI|ON|S,
GRANTS AND LEGACIES|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|Coronavirus|lob|Retention||Scheme||11,349|
|Other COVID-19||grants||||52,144|
|Grants from|trusts and||foundations||17,594|12,686|
|Legacies||||||8,782|
||||||17,594|84,961|
|In the preceding||period,|income ofE9,800was restricted.||||
|INCOME FROM||CHARITABLE ACTIVITIES|||||
||||||2023|2022|
||||||E|E|
|Sports and|community||centres||745,091|615,805|
|Pre-school|income||||285,645|247,213|
||||||1,030,736|863,018|
##
|6|EXPENDITURE ON CHARITABLE ACTIVITIES|EXPENDITURE ON CHARITABLE ACTIVITIES|EXPENDITURE ON CHARITABLE ACTIVITIES|EXPENDITURE ON CHARITABLE ACTIVITIES|||||
|---|---|---|---|---|---|---|---|---|
||||||2023|2023|2023|2022|
||||||Direct costsf|Support costsf|Totalf|Total
f|
||Sports and|community|centres||602,197|108,953|711,150|625,912|
||Pre-school||||306,093|41,769|347,862|339,107|
||||||908,290|150,722|1,059,012|965,019|
||||||||2023f|2022f|
||Direct costs comprise:||||||||
||Staff costs||||||503,525|422,474|
||Other staff|costs|||||14,206|9,852|
||Depreciation||||||91,488|83,990|
||Direct activity costs||||||70,748|56,448|
||Advertising|and marketing|||||4,671|7,361|
||Legal and professional||costs||||5,272|5,014|
||Premises costs||||||128,234|125,319|
||Insurance|and licences|||||22,183|23,049|
||Office and|other costs|||||35,462|34,557|
||Irrecoverable
VAT||||||32,501|30,735|
||||||||908,290|798,799|
||||||||2023f|2022f|
||Support costs comprise:||||||||
||Staff costs||||||135,585|153,525|
||Investment|management||fees|||1,358|2,500|
||Office and|other costs|||||5,129|2,445|
||Governance
costs:||||||||
||Audit fees||||||7,650|6,750|
||Other||||||1,000|1,000|
||||||||150,722|166,220|
##
|7|NET EXPENDITURE|NET EXPENDITURE|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||E|E|
||Net expenditure|is stated after|||charging:||||
||Depreciation||||||91,488|83,990|
||Auditor's
remuneration|||for audit services|||7,650|6,750|
||Auditor's
remuneration|||for non-audit||services|1,000|1,000|
|8|STAFF COSTS||||||||
||||||||2023|2022|
||||||||E|E|
||Gross salaries||||||578,883|519,156|
||Employer's
National||Insurance||contributions||19,843|17,303|
||Employer's
pension||contributions||||5,317|5,662|
||Coaching costs||||||35,067|33,878|
||||||||639,110|575,999|
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|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS||||||||
|---|---|---|---|---|---|---|---|---|
||||Freehold|Plant Er|Fixtures &||Office|Total|
||||property
E|equipment
E|fittings
E||equipment
f||
|Cost|||||||||
|At 1April 2022|||4,605,552|421,672|257,669||95,420|5,380,313|
|Additions||||138,886|7,612|||146,498|
|Disposals||||( 95,000)||||( 95,000)|
|At 31March 2023|||4,605,552|465,558|265,281||95,420|5,431,811|
|Depreciation|||||||||
|At 1April 2022|||619,459|347,729|155,099||93,512|1,215,799|
|Charged for the year|||57,447|18,842|13,549||1,650|91,488|
|Eliminated
on disposal||||( 95,000)||||( 95,000)|
|At 31March 2023|||676,906|271,571|168,648||95,162|1,212,287|
|Net book value|||||||||
|At31March 2023|||3,928,646|193,987|96,633||258|4,219,524|
|At 31March 2022|||3,986,093|73,943|102,570||1,908|4,164,514|
|Freehold property|includes|land|valued atf1,733,238(2022:f1,733,238)which|||is|not depreciated.||
|INVESTMENTS||||Listed|||2023
f|2022f|
|||||investments|Cash held||Total|Total|
|Market value|||||||||
|At31March 2022||||245,402|1,562||246,964||
|Additions||||||||247,500|
|Net losses on investments||||( 17,564)|||( 17,564)|( 536)|
|Movements
in cash balances|||||(1,355)||(1,355)||
|At 31March 2023||||227,838|207||228,045|246,964|
##
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|DEBTORS||||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Trade debtors||2,128|4,316|
|Prepayments
and accrued income||30,274|25,595|
|Other debtors||10,222|7,619|
|||42,624|37,530|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||2023|2022|
|||E|E|
|Trade creditors||30,356|19,449|
|Accruals and deferred income||25,169|26,743|
|Tax and social security|||1,316|
|Pension
liability|(see notes 13and 17)|21,418|21,143|
|Other creditors||18,252|18,838|
|||95,195|87,489|
##
|The mov|ement
on deferred
income, which relates to subscrip|tions
and grants, is as follows:||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Balance|at 1April 2022|17,191|36,865|
|Released|to income|( 17,191)|( 36,865)|
|Received|in the year and deferred|13,019|17,191|
|Balance|at 31March 2023|13,019|17,191|
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||||||2023
E|2022f|
|---|---|---|---|---|---|---|
|Pension
liability|||(see note 17)||108,878|128,626|
||||||108,878|128,626|
|Pension liability|||||||
|At 1April 2022|||||149,769|165,934|
|Payments
made|||||( 21,447)|( 21,143)|
|Increase
in provision|||||1,974|4,978|
|At 31March 2023|||||130,296|149,769|
|Due within one year|||||21,418|21,143|
|Due in more than|one year||||108,878|128,626|
|MOVEMENT ON FUNDS|||||||
|CURRENTYEAR||Brought|Income|Expenditure,|Transfers|Carried|
|||forward||gains and losses||forward|
|Restricted funds:|||||||
|Tovil Community|Centre|98,900||( 2,300)||96,600|
|Kent Community|Foundation|3,900||( 3,900)|||
|KCC Reconnect|||8,000|( 8,000)|||
|Maidstone
Borough Council|||5,000|( 2,050)||2,950|
|Holiday Activities|and Food||14,737|( 14,737)|||
|Ukraine support|||200|( 200)|||
|||102,800|27,937|( 31,187)||99,550|
|Unrestricted
funds|||||||
|Designated
funds:|||||||
|Freehold
land and buildings||3,887,191||( 55,145)||3,832,046|
|Bequest||8,782||||8,782|
|General fund||717,168|1,025,048|( 992,218)||749,998|
|||4,613,141|1,025,048|( 1,047,363)||4,590,826|
|Total funds||4,715,941|1,052,985|(1,078,550)||4,690,376|
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|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||
|---|---|---|---|
||Iinrestricted|Restricted|Totalfunds|
||funds|funds||
|CURRENT YEAR|E|||
|Fixed assets|4,350,969|96,600|4,447,569|
|Net current assets|347,785|3,900|351,685|
|Creditors due in more than one year|( 108,878)||( 108,878)|
||4,589,876|100,500|4,690,376|
|PRIOR YEAR||||
|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|
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