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2021-08-31-accounts

YMCA TAUNTON Yn¢i The Chority Reqistrotion Number is: _ 1152585 .¥MCA.IAUhlC*é Report and Accounts 31st August 2021 Accounts prepored by.. Karen Nobes BAlhonsl, ACMA, CTA Polden Accountanls Ltd Poplar Farm 8iJrtlp Rnad Burtle Somerset TA7 8NB Poldea

YMCA TAUNTON Yn¢A Bringing meaningful change to children, families and the community by developing innovative, community-based solutions to social issues IMPACT REPORT 2020121 At YMCA Taunton, we areproud that despite the globolpondemic we were able to have a significontpositive import on the communities we represent. YOUNG PEOPLE INTERACTIONS 479 Safe Places During Summer School Holiday5 45 Young Carers Supported 55 Pre-schoolers Educated 2 Young Apprentices 115 Young Corers Activitylwelfore Boxe5 COMMUNITY ENGAGEMENTS 26,116 Meols 94 Squore Miles Of Service 4 Christmas Parties t•4 110 Seasonal Gift Boxes l Outdoor Arts Project 4 Weeks of Lunches to Local Primary Schools COMMUNITY HEALTH AND WELLBEING ACTIVITIES 25+ Different Sports & Fitness Classes (Covid Safol 2 Community Cooks 3 Mp_ntal Ho_alth Firfit Aidp_r INCOME £311,818 100% Grant Conversion Success 19 Volunteers 9 Corporote Partner5 100% Staff Believe YMCA Taunton Operate5 In A Sociolly Acceptable Manner Yn¢A YMCA enobles people io develop theii full potenual. our Christh]n Nrlue5. we creote support￿. indush* con tndy con pyed by, ond loithftsl to. ere wF4e cornm SUPPORT & AOVICE ACCOMMODATION HEALTH & WELLBEING TRAINING & EQUCAno

YMCA Taunton

Report and accounts for the year ended 31 August 2021

Contents

Page
Impact Statement
Trustees' Annual Report 1
Independent Examiner's Report 5
Funds Statements:-
Statement of Financial Activities 7
Statement of Financial Activities - Prior Year statement 8
Movements in funds 9
Income and Expenditure account 10
Balance sheet 11
Notes to the accounts 12

YMCA Taunton Report of the Trustees for the Year Ended 31st August 2021

Welcome to the Annual report for YMCA Taunton

The trustees present their report with the financial statements of the charity YMCA Taunton for the year ended 31st August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities, preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1[st] January 2015). The legal name of the charity is: YMCA Taunton. YMCA Taunton, originally founded in 1855, is now constituted as a Charitable Incorporated Organisation. This status was established in 2013 and registered with the Charity Commission in England and Wales (CCEW) with charity number 1152585. The trustees of the charity are all individuals.

Our purpose - What We Do

YMCA Taunton aims to encourage and nurture the physical, spiritual and intellectual development of young people within the Taunton Deane catchment area. We are a Christian organisation but welcome those from all religious faiths and of none. The trustees have had regard to the Charity Commission's guidance on public benefit, in managing the activities of the charity. As a voluntary Christian organisation YMCA Taunton seeks to transform communities within the borough of Taunton Dean, so that children and young people, can truly belong, contribute and thrive. As a small charity, we feel we are more in touch with our local community and able to react quickly when situations and problems arise. As a member of a National Federation however, we also benefit from the extensive lobbying work carried out by the National Policy and Research Centre and through access to data that this centre is able to provide.

To achieve our objectives, we focus on providing opportunity and challenge to young people within a safe and supportive environment, through four key areas of work:

We also offer support to the wider community through a variety of recreational and other leisure time activities and by developing innovative, inclusive, and community-based solutions to social issues.

How we make a difference - How our charity's performance has influenced the lives of young people. Our strategy for achieving our objectives has always been through building our Youth work provision to bring meaningful change to the children and young people in our catchment area, and to make a significant impact on the communities we represent. For the second year, the erratic nature of the coronavirus pandemic and the subsequent lockdowns and social distancing restrictions, have had an impact on our ambitions both in terms of the support we were able to offer our young people and, in our ability to raise funds to deliver both our charitable and organisational objectives. Despite these problems however, our Preschool remained open throughout the year providing education to 55 children within our neighbourhood. In addition, through 2 Preschool Apprenticeship places, we also provided our young people with practical experience and learning. We also maintained a virtual link and doorstep visits with 45 of our Young Carers thereby continuing their support and helping to

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remove their social isolation throughout this period. When restrictions eased in July and August, we were able to continue with our customer facing work providing young people with 470 safe places to experience a variety of sports, craft and social activities during the school holidays.

In addition to our work with young people, the charity, supported through the generosity of local retail organisations and the Somerset food resilience network, were also able to provide over 26,100 meals to those in need during this difficult time. In addition, we also distributed 110 seasonal gift boxes within our local community over the Christmas and Easter periods and supported a local primary school, providing pupils with lunches for 4 weeks when they were let down by their normal catering contractor.

Fundraising activities during the year.

Despite the problems caused through the closure of our building at certain times of the year, the charity’s financial performance continues to remain steady. To deliver our core objectives, to support and nurture the development of young people, YMCA Taunton raises funds through grants, income generated through a range of over 25 different Sports and Fitness Classes and through the hire of a range of rooms and activity spaces. The overall impact of a full years covid restrictions on business operations resulted in overall business income (including grants and donations) for the year ending 31st August 2021 of £311,818. This was a decrease on last year (2020) of £43,538 or -12.25%. Operating costs however, have been kept to a manageable level. As a result, the associations income generating activities, produced a net operating surplus carried forward to reserves of £36,339. Along with our other fund-raising activities, Grants and Donations are also an important source of income. In addition to our 9 corporate partners (ASDA, Co-op, Home Instead, Kings College Taunton, Lidl, Marks and Spencer, Morrisons, Nationwide and the TSB) we would also like to acknowledge and thank our sponsors for their financial assistance in funding a variety of different initiatives:

Financial Management

All financial matters and policies are regularly reviewed by managers and the board of trustees and we continue to look for opportunities to increase our income and manage cash flow. The trustees consider the financial performance by the charity during the year to have been Satisfactory. The association has clear and robust financial policies in relation to expenditure and the security of the associations assets. All financial matters and policies are regularly reviewed by the board of trustees. This financial report was approved by the board of trustees on 24th May 2022 .

Reserves policy

YMCA Taunton’s Reserves Policy sets out to maintain sufficient levels of reserves to enable normal operating activities to continue over a period of up to 12 months should a shortfall in income occur, and to take account of potential risks and contingencies that may arise from time to time. Excluded from the Reserves Policy is income associated with Endowment and

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Restricted Funds. In order to make a judgement on the level of reserves required, the trustees have considered the risks in respect of expenditure, unrestricted income, where appropriate restricted income and where funds can only be realised by the disposal of a fixed asset. Also taken into consideration are any external identified potential major risks to income and expenditure. Our reserves policy is reviewed each year and reserves are regularly monitored by trustees. The Board are committed to building reserves up which currently stand as: Restricted Revenue Funds: £113,056

Endowment Revenue Funds: £105 Designated Funds: £133,035

Funds available for the general purposes of the charity excluding fixed assets - Unrestricted Revenue Funds: £137,506 Total charity funds: £383,702

Governance and Trustees responsibilities

The trustees are responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity, and which are sufficient to show and explain the charity's transactions and enable them to ensure that their financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Board of Trustees is made up of individuals who live locally and have expressed a desire to further the work of the YMCA, being in sympathy with its aims and objectives. Trustees meet regularly throughout the year to review the progress of the association in meeting its charitable goals. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's objectives and in planning future activities for the year. The association will continue in their efforts to increase Income and manage cash flow, whilst maximising the impact of activities on the young people in the Taunton Deane area and support residents of all ages within the local community.

Finally, I would like to recognise and thank our team, our employees, our volunteers and trustees. As a charity we rely on your hard work and the support you give us throughout the year. The impact of the pandemic has been particularly challenging and meant that this year has been exceptionally difficult. Despite these difficulties, you have remained positive throughout, which have enabled us to deliver our charitable and organisational objectives. I am confident with your help; the charity can continue to grow over the coming years bringing meaningful change to the children and young people in our catchment area. Thank you for your efforts.

Dr Nick Low

Registered Charity number: 1152585 Principal address: Lisieux Way Taunton Somerset TA1 2LB

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Trustees The Trustees in office on the date the report was approved were: N Low (Chair) A White (Vice Chair) Z Coulson

The following persons served as Trustees during the year ended 31[st] August 2021: N Low (Chair) A White (Vice Chair) Z Coulson Co-opted 24th November 2020

Independent examiner Accounts prepared by: Karen Nobes BA (hons), ACMA, CTA Polden Accountants Ltd Poplar Farm Burtle Road Burtle Somerset TA7 8NB

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YMCA Taunton

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 August 2021

I report to the Trustees on my examination of the financial statements of the charity on pages 7 to 33 for the year ended 31 August 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 12.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 0, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

Since the charity's gross income exceeded £250,000, the charity's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of Chartered Management Accountant, which is one of the listed bodies.

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

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YMCA Taunton

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The gross income of the charity in the year ended 31 August 2021 appears to exceed the sum specified in Section 145(3) of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of Chartered Management Accountant;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

Karen Nobes - Independent Examiner

Chartered Management Accountant

Poplar Farm Burtle Road Burtle Somerset TA7 8NB

This report was signed on 6 May 2022

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YMCA Taunton - Statement of Financial Activities for the year ended 31 August 2021

Statement of Financial Activities for the year ended 31 August 2021

SORP
Ref
Current year
Income & Endowments from:
Donations & Legacies
A1
45,659
Charitable activities
A2
209,852
Other trading activities
A3
2,863
Investments
A4
29
Total income
A
258,403
Expenditure on:
Charitable activities
B2
241,010
Total expenditure
B
241,010
Net income for the year
17,393
Net income after transfers
A-B-C
17,393
Net movement in funds
17,393
Reconciliation of funds:-
E
Total funds brought forward
253,148
Total funds carried forward
270,541
Unrestricted
Funds
2021
£
Current year
45,659
209,852
2,863
29
Unrestricted
Funds
2021
£		 Current year
53,415
-
-
-
Restricted
Funds
2021
£		 Current year
-
-
-
-
-
-
-
-
-
-
105
105
Endowment
Funds
2021
£		 Current year
99,074
209,852
2,863
29
Total Funds
2021
£		 Prior Year
108,940
239,577
6,527
312
Total Funds
2020
£
258,403 53,415 311,818 355,356
241,010 34,469 275,479 344,305
241,010 34,469 275,479 344,305
17,393 18,946 36,339 11,051
18,946 36,339 11,051
17,393
253,148		 18,946
94,110		 36,339
347,363		 11,051
336,313
270,541 113,056 383,702 347,364

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 12 to 33 form an integral part of these accounts.

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YMCA Taunton - Statement of Financial Activities for the year ended 31 August 2021

YMCA Taunton - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

SORP
Ref
Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
Other
A4
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
Other
Tax on surplus on ordinary activity
Other taxation
B2
B3
B3
B3
Total expenditure
B
Net gains on investments
B4
Net income for the year
Transfers between funds
C
Net income after transfers
Net movement in funds
Reconciliation of funds:-
Total funds brought forward
E
Total funds carried forward
Prior Year
24,584
239,577
6,527
312
-
Unrestricted
Funds
2020
£		 Prior Year
84,356
-
-
-
-
Restricted
Funds
2020
£		 Prior Year
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
105
105
Endowment
Funds
2020
£		 Prior Year
108,940
239,577
6,527
312
-
355,356
-
344,305
-
-
-
344,305
-
11,051
-
11,051
11,051
336,313
Total Funds
2020
£
271,000 84,356
-
281,716
-
-
-		 -
62,589
-
-
-
281,716 62,589
-
(10,716)
-		 -
21,767
-
(10,716) 21,767
(10,716)
263,864		 21,767
72,344
253,148 94,111 347,364

All activities derive from continuing operations

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'

The notes attached on pages 12 to 33 form an integral part of these accounts.

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YMCA Taunton - Statement of Financial Activities for the year ended 31 August 2021

YMCA Taunton - Resources applied in the year ended 31 August 2021 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities		 2021
£
36,339		 2020
£
11,051
36,339 11,051

The notes attached on pages 12 to 33 form an integral part of these accounts.

Movements in revenue and capital funds for the year ended 31 August 2021

Revenue accumulated funds

Unrestricted
Restricted
Funds
Funds
2021
2021
£
£
Accumulated funds brought forward
253,148
94,110
Recognised gains and losses before
transfers
17,393
18,946
270,541
113,056
Closing revenue funds
270,541
113,056
Summary of funds
Unrestricted
Restricted
and
Funds
Designated funds
2021
2021
£
£
Revenue accumulated funds
137,506
113,056
Revenue designated funds
133,035
-
Total funds
270,541
113,056		 Unrestricted
Funds
2021
£
253,148
17,393		 Restricted
Funds
2021
£
94,110
18,946		 Endowment
Funds
2021
£
105
-
105
105
Endowment
Funds
2021
£
105
-
105		 Total
Funds
2021
£
347,363
36,339		 Last year
Total Funds
2020
£
336,313
11,051
270,541 113,056 383,702 347,364
270,541 113,056 383,702 **347,364 **
Total
Funds
2021
£
250,667
133,035		 Last Year
Total Funds
2020
£
238,619
108,745
270,541 113,056 383,702 347,364

The notes attached on pages 12 to 33 form an integral part of these accounts.

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YMCA Taunton - Statement of Financial Activities for the year ended 31 August 2021

YMCA Taunton

Income and Expenditure Account for the year ended 31 August 2021 as required by the Companies Act 2006

Income
Income from operations
Refunds from HMRC on gift aided donations
Investment income
Interest receivable
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Net income before tax in the financial year
Tax on surplus on ordinary activities
Net income after tax in the financial year
Retained surplus for the financial year		 2021
£
310,789
1,000
29		 2020
£
355,044
-
312
311,818 355,356
311,818 355,356
258,803
14,676
2,000
-		 327,629
14,676
2,000
-
275,479 344,305
36,339
-		 11,051
-
36,339 11,051
36,339 11,051

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 12 to 33 form an integral part of these accounts.

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YMCA Taunton - Balance Sheet as at 31 August 2021

SORP
Note Ref
Fixed assets
A
Tangible assets
10
A2
Current assets
B
Stocks
B1
Debtors
13
B2
Cash at bank and in hand
B4
Total current assets
Creditors: amounts falling due within
one year
14
C1
Net current assets
The total net assets of the charity
The total net assets of the charity are funded by the
Endowment funds
Endowment Revenue Funds
20
D1
Restricted funds
Restricted Revenue Funds
20
D2
Unrestricted Funds
Unrestricted Revenue Funds
20
D3
Unrestricted Revaluation Reserve
20
D4
Designated Funds
Designated Revenue Funds
20
D3
Total charity funds		 2021
£
93,107
100
18,558
396,276
414,934
(124,337)
290,597
383,704
funds of the charity, as follo
105
105
113,056
113,056
137,508
-
137,508
133,035
133,035
383,704		 2020
£
107,783
100
13,285
320,777
334,162
(94,582)
239,580
347,363
ws:-
105
105
94,110
94,110
144,403
-
144,403
108,745
108,745
347,363		 2020
£
107,783
100
13,285
320,777
334,162
(94,582)
239,580
347,363
ws:-
105
105
94,110
94,110
144,403
-
144,403
108,745
108,745
347,363
ws:-
105
94,110
144,403
-
347,363
105
94,110
144,403
108,745
133,035 108,745
347,363

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 6.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Dr Nick Low

Trustee Approved by the board of trustees on 6 May 2022

The notes attached on pages 12 to 33 form an integral part of these accounts.

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YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

All income and expenses have been included in the accounts in so far as they can be measured with reasonable accuracy and their is a fair expectation of their value and certainty.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 August 2022, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

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YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned, and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.

Donated goods, facilities and services

Donated fixed assets are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets.

Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.

In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.

If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.

The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made.

The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income, and debited to trading stock. When trading stock is subsequently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in 'legacies and donations '. Goods donated for resale are included in 'Income from other trading activities'

13

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner.

Donated services and facilities (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.

All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value.

Membership subscriptions

The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.

The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.

The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is that shared expenses are allocated on a income generated basis.

Staffing - on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.

Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures

Estimation techniques used in apportioning costs - give details

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

14

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Leasehold premises 2 % straight line Plant and machinery 20 % straight line Improvements to property 2 % straight line

A regular annual review of the likelihood of asset impairment is undertaken.

Accounting for capital grants and fixed asset funds.

Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be fully utilised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset has been received or sums have been properly expended on the restricted purpose.

Where the terms of the gift require the charity to hold the asset on an ongoing basis for a specific purpose, then the fixed asset fund so created is categorised as a restricted fixed asset fund, and the relevant restrictions are noted in the fixed asset note 10.

Where the terms of the gift are met once the asset is acquired, so allowing the charity to use the asset on an unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted basis, then the fixed asset fund so created is categorised as a designated fixed asset fund.

When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds, a transfer is made from unrestricted funds to a designated fixed asset fund.

Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of acquisition or subsequent revaluation.

As the related assets are depreciated, in accordance with the depreciation policy in order to reflect the dimunition in the asset a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as appropriate to the terms of the original gift, if any.

The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed assets.

In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of the assets.

Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment is recognised.

Insofar as this policy relates to Government grants and to the extent that it may be a departure from the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), such departure is justified on the basis that it is in order to comply with the SORP.

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value.

15

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that willprobably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Leasing and hire purchase contracts and commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the charity, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

Endowment funds are funds donated to the charity, where the funds shall be invested and the charity shall enjoy the benefit of the income from the capital fund, but where restrictions are placed on the use of the capital.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

16

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no financial instruments that have a significant effect on the charity's financial position

5 Net surplus before tax in the financial year

Net surplus before tax in the financial year
2021 2020
£ £
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets 14,676 14,676
Pension costs 4,028 4,627

6 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The charity had 19 Volunteers who donated many hours of their time in various roles across our charity. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

7 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's National Insurance for all staff
Employer's operating costs of defined
contribution pension schemes
Total salaries, wages and related costs
Numbers of full time employees or full time equivalents
The average number of total staff employed in the year was
The average number of part time staff employed in the year was
The average number of full time staff employed in the year was
The estimated full time equivalent number of all staff employed in the year was		 2021
2020
£
£
42,981
52,926
4,295
3,155
4,028
4,627
51,304
60,708
2021
2020
18
18
12
12
7
7
12
12

17

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

The estimated equivalent number of full time staff deployed in different activities in the year was:-

Youth Club and Sports Activities
Pre-School
Administration and Support Staff
The estimated full time equivalent number of all staff employed as above		 3
3
7
7
2
2
12
12

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

8 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above.

Any liabilites and assets associated with the scheme are shown under debtors and creditors.

9 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

10 Tangible fixed assets

Current Year
Cost
At 1 September 2020
At 31 August 2021
Depreciation
At 1 September 2020
Charge for the year
At 31 August 2021
Net book value
At 31 August 2021
At 31 August 2020		 Land and
Buildings
Plant &
Machinery
Motor
Vehicles
Total
£
£
£
£
133,445
38,469
-
171,914
133,445
38,469
-
171,914
25,821
38,310
-
64,131
5,436
9,240
-
14,676
31,257
47,550
-
78,807
102,188
(9,081)
-
93,107
107,624
159
-
107,783

18

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

Prior Year
Land and
Buildings
Plant &
Machinery
£
£
Cost
02 September 2019
133,445
38,469
31 August 2020
133,445
38,469
Depreciation
Net book value
31 August 2020
133,445
38,469
01 September 2019
133,445
38,469
12 Stocks & Work in Progress
Stocks before write downs
Analysis of the carrying value of stocks and work in progress by activities
Work in Progress
2021
2020
£
£
Activity
Preschool
-
-
13 Debtors
Trade debtors
Prepayments and accrued income
Other debtors		 Land and
Buildings
Plant &
Machinery
£
£
133,445
38,469		 Motor
Vehicles
Total
£
£
-
171,914
133,445
38,469		 -
171,914
133,445
38,469		 -
171,914
133,445
38,469		 -
171,914
2021
£
100
2020
£
100
100
100
Stocks
2021
2020
£
£
100
100
-
-		 -
-
2021
2020
£
£
13,988
6,309
2,627
1,608
1,943
5,368
18,558
13,285

19

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

14 Creditors: amounts falling due within one year

es to the Accounts for the year ended 31 August 2021
Creditors: amounts falling due within one year
Trade creditors
Accruals
PAYE, NIC VAT and other taxes
Other creditors		 2021
2020
£
£
13,179
1,938
100,396
88,092
3,459
1,218
7,303
3,334
124,337
94,582

15 Loans to trustees included in debtors

There have been no loans to trustees.

16 Guarantees made by the charity on behalf of trustees

There have been no guarantees given by the charity on behalf of trustees.

18 Income and Expenditure account summary

Income and Expenditure account summary
At 1 September 2020
Surplus after tax for the year
At 31 August 2021		 2021
£
2020
£
347,364
336,313
36,339
11,051
383,703
347,364

19 Particulars of how particular funds are represented by assets and liabilities

At 31 August 2021
Tangible Fixed Assets
Current Assets
Current Liabilities
At 1 September 2020
Tangible Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
Designated
Endowment
funds
funds
funds
£
£
£
93,107
-
-
301,773
105
(124,337)
-
-
270,543
-
105
Unrestricted
Designated
Endowment
funds
funds
funds
£
£
£
107,783
-
-
131,202
108,745
105
(94,582)
-
-		 Restricted
Total
funds
Funds
£
£
-
93,107
113,056
414,934
-
(124,337)
113,056
383,704
Restricted
Total
funds
Funds
£
£
-
107,783
94,110
334,162
-
(94,582)
144,403
108,745
105		 94,110
347,363

20

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

20 Change in total funds over the year as shown in Note 19 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Designated Revenue Funds
Total unrestricted and designated funds
Restricted funds:-
Building Fund
Projects and Equipment
3G Pitch Fund
YIF Fund
Total restricted funds
Endowment funds:-
Sundry Other Funds
Total endowment funds
Total charity funds		 Funds brought
forward from
Movement in
funds in 2021
Transfers
between
Funds carried
forward to
2020
funds in 2021
2022
£
See Note 21
£
See Note 0
£
£
144,403
17,393
(24,290)
137,506
108,745
-
24,290
133,035
253,148
17,393
-
270,541
60,754
-
-
60,754
(1,584)
18,946
-
17,362
27,545
-
-
27,545
7,395
-
-
7,395
94,110
18,946
-
113,056
105
-
-
105
105
-
-
105
347,363
36,339
-
383,702

21

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2021

21 Analysis of movements in funds over the year as shown in Note 20

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Restricted funds:-
Projects and Equipment
Coronavirus Job Retention Scheme		 Income
2021
£
258,403
23,707
29,708		 Expenditure
2021
£
(241,010)
(4,761)
(29,708)		 Other
Gains &
Losses
2021
£
-
-
-		 Movement
in funds
2021
£
17,393
18,946
-
311,818 (275,479) - 36,339

Gains and losses are detailed in notes 0,0, 0, 0 and 0

22 The purposes for which the funds

Unrestricted and designated funds:-

Unrestricted Revenue Funds

Unrestricted Revaluation Reserve

Designated Revenue Funds

YMCA Taunton's Reserves Policy is to maintain sufficient levels to enable normal operating activities to continue over a period of up to 12 months, should a shortfall in income occur and to take account of potential risks

This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.

This fund represents the unrestricted surplus that has been designated by the Trustees for an essential spend or particular future purpose

Designated Fixed Asset Funds

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.

Restricted funds:-

Restricted Fixed Asset Funds

Restricted Revaluation Reserve

Building Fund

Projects and Equipment

3G Pitch Fund

YIF Fund

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the charity's assets.

Funds were received towards the improvement to the building which is being depreciated on a straight line basis.

Funds were received towards the replacement of equipment which is being depreciated on a straight line basis.

Funds were received towards the improvement to the 3G pitch which si being depreciated on a straight line basis.

Funds were received that directly related to the spending on a youth initiative.

Endowment funds:- Endowment Fixed Asset Funds

Endowment Revaluation Reserve

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus relating to endowment funds arising on the revaluation of the charity's assets.

23 Ultimate controlling party

The charity is under the control of its legal members.

22

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

24 Donations, Grants and Legacies

Donations and gifts from individuals
Small donations individually less than
£1000
Refunds from HMRC on gift aided
donations
Total donations and gifts from
individuals
Revenue grants from government and
public bodies
Small grants individually less than £1000
Youth Investment Fund
Somerset Communities
Somerset County Council
Young Carers
Taunton Deane Borough Council
Coronavirus Job Retention Scheme
Avon and Somerset Police
Total public sector revenue grants		 Current year
Current year
Unrestricted
Funds
Restricted
Funds
2021
2021
£
£
Current year
Unrestricted
Funds
Current year
Restricted
Funds
2021
2021
£
£
1,390
-
1,000
-
2,390
-
500
-
-
-
-
1,700
34,135
-
-
8,486
-
-
-
29,708
-
1,600		 Current year
Endowment
Funds
2021
£
Current year
Endowment
Funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2021
£
Current year
Total Funds
2021
£
1,390
1,000
2,390
500
-
1,700
34,135
8,486
-
29,708
1,600
76,129		 Prior Year
Total Funds
2020
£
918
-
918
Prior Year
Total Funds
2020
£
-
11,504
3,400
4,755
12,408
2,150
29,302
-
34,635
41,494		 63,519

All the grants in the prior year were unrestricted.

23

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

Revenue grants from government and public bodies - Prior Year analysis

Prior Year Prior Year
Unrestricted
Funds
2020
£
20,563		 Prior Year
Restricted
Funds
2020
£
42,956		 Prior Year
Endowment
Funds
2020
£
-		 Prior Year
Total Funds
2020
£
63,519
Revenue grants and donations from
non public bodies
Small grants individually less than £1000
Gift Aid Donations from subsidiaries
SWTF
Sport England
National Council of YMCA
Tampax
LA Retail
Total private sector revenue grants		 Current year
Unrestricted
Funds
Current year
Restricted
Funds
2021
2021
£
£
5,194
-
-
-
3,300
-
-
7,466
-
4,455
-
-
-
-		 Current year
Endowment
Funds
Current year
Total Funds
Prior Year
Total Funds
2021
2021
2020
£
£
£
-
5,194
-
-
-
4,883
-
3,300
-
-
7,466
-
-
4,455
10,000
-
-
4,000
-
-
25,000
-
20,415
43,883
8,494
11,921

All the grants in the prior year were unrestricted.

Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior Year analysis

Prior Year Prior Year
Unrestricted
Funds
2020
£
2,483		 Prior Year
Restricted
Funds
2020
£
41,400		 Prior Year
Endowment
Funds
2020
£
-		 Prior Year
Total Funds
2020
£
43,883

24

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

Current year Current year Current year Current year Prior Year
Unrestricted Restricted Endowment Total Funds Total Funds
Funds Funds Funds
2021 2021 2021 2021 2020
£ £ £ £ £
Membership subscriptions as donations 140 - - 140 620

Total Donations, Grants and Legacies

Total Donations, Grants and
Legacies
A1
All the donations and gifts in the prior year w
Prior year
Total Donations, Grants and
Legacies
A1		 45,659 53,415 - 99,074
Prior Year
Total Funds
2020
£
108,940		 108,940
ere unrestricted.
Unrestricted
Restricted
Funds
Funds
2020
2020
£
£		 Endowment
Funds
2020
£
-
24,584 84,356

25 Income from charitable activities - Trading Activities

Current year
Primary purpose and ancillary trading
Youth Club and Sports Activities
Pre-School
Letting of property for charitable purposes
Total Primary purpose and ancillary
trading		 Current year
Current year
Unrestricted
Funds
Restricted
Funds
2021
2021
£
£
33,195
-
149,544
-
27,113
-
209,852
-		 Current year
Endowment
Funds
2021
£
-
-
-		 Current year
Prior Year
Total Funds
Total funds
2021
2020
£
£
33,195
59,579
149,544
154,744
27,113
25,254
209,852
239,577
-

26 Total Income from charitable activities

Current year
Total income from charitable trading
Total from charitable activities
A2		 Current year
Current year
Unrestricted
Funds
Restricted
Funds
2021
2021
£
£
209,852
-
209,852
-		 Current year
Endowment
Funds
2021
£
-		 Current year
Prior Year
Total Funds
Total Funds
2021
2020
£
£
209,852
239,577
209,852
239,577
-

25

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

27 Income from other, non charitable, trading activities

Car Parking Income
Income from fundraising events
Canteen Sales
Total from other activities
A3		 Current year
Current year
Current year
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2021
2021
2021
£
£
£
1,289
-
-
1,245
-
-
329
-
-
2,863
-
-		 Current year
Prior Year
Total Funds
Total Funds
2021
2020
£
£
1,289
1,616
1,245
2,226
329
2,685
2,863
6,527

28 Investment income

Bank Interest Receivable
Total investment income
A4		 Current year
Current year
Current year
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2021
2021
2021
£
£
£
29
-
-
29
-
-		 Current year
Prior Year
Total Funds
Total Funds
2021
2020
£
£
29
312
29
312

29 Expenditure on charitable activities - Direct spending

Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2021
2021
£
£
Grant Expenditure
19,066
4,761
Total direct spending
B2a
19,066
4,761
All the expenditure in the prior year was unrestricted.
Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2020
2020
£
£
Grant Expenditure
-
1,450
Total direct spending
B2a
-
1,450		 Current year
Current year
Unrestricted
Funds
Restricted
Funds
2021
2021
£
£
19,066
4,761		 Current year
Endowment
Funds
2021
£
-
-
Prior Year
Endowment
Funds
2020
£
-
-		 Current year
Total Funds
2021
£
23,827
23,827
Prior Year
Total Funds
2020
£
1,450
1,450		 Prior Year
Total Funds
2020
£
1,450

19,066
4,761		 1,450

-
1,450

26

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

30 Expenditure on charitable activities - Charitable trading

Current Year
Current year
Unrestricted
Funds
Current year
Restricted
Funds
Current year
Endowment
Funds
2021
2021
2021
£
£
£
Youth Club Expenditure
17,360
8,503
-
Pre-School Expenditure
110,444
863
-
Total charitable trading costs
B2b
127,804
9,366
-
All the expenditure in the prior year was unrestricted.
Prior Year
Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2020
2020
2020
£
£
£
Youth Club Expenditure
15,513
33,268
-
Pre-School Expenditure
112,949
6,016
-
Total charitable trading costs
B2b
128,462
39,284
-		 Current year
Total Funds
Prior Year
Total Funds
2021
2020
£
£
25,863
48,781
111,307
118,965
137,170
167,746
Prior Year
Total Funds
2020
£
48,781
118,965
167,746

31 Support costs for charitable activities

Current year Current year Current year Current year Prior Year
Unrestricted Restricted Endowment Total Funds Total Funds
Current Year Funds Funds Funds
2021 2021 2021 2021 2020
£ £ £ £ £
Employee costs not included in direct costs
Salaries - Administrative staff 22,639 20,342 - 42,981 52,926
Defined contribution pension cost -
administrative staff		 4,028 - - 4,028 4,627
Employers' NI - Administrative staff 4,295 - - 4,295 3,155
Training and welfare - staff 35 - - 35 -
Employers NI Allowance (3,000) - - (3,000) (3,000)
Travel and subsistence - staff 135 - - 135 336

27

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

Premises Expenses
Licence fees payable
158
-
-
Rates and water charges
1,583
-
-
Light heat and power
5,767
-
-
Cleaning and waste management
8,642
-
-
Premises repairs, renewals and
13,488
-
-
maintenance
Property insurance
5,978
-
-
Administrative overheads
Telephone, fax and internet
2,434
-
-
Postage
44
-
-
Stationery and printing
136
-
-
Hire of equipment
632
-
-
Sundry expenses
2,708
-
-
Clothing
45
-
-
Professional fees paid to advisors other than the auditor or examiner
Accountancy fees other than
1,174
-
-
examination or audit fees
Consultancy fees
-
-
-
Other legal and professional
4,728
-
-
Alliliation Fees
1,608
-
-
Financial costs
Bank charges
207
-
-
Depreciation & Amortisation in total for
14,676
-
-
Support costs before reallocation
92,140
20,342
-
Total support costs - Current Year
92,140
20,342
~~-~~		 Premises Expenses
Licence fees payable
158
-
-
Rates and water charges
1,583
-
-
Light heat and power
5,767
-
-
Cleaning and waste management
8,642
-
-
Premises repairs, renewals and
13,488
-
-
maintenance
Property insurance
5,978
-
-
Administrative overheads
Telephone, fax and internet
2,434
-
-
Postage
44
-
-
Stationery and printing
136
-
-
Hire of equipment
632
-
-
Sundry expenses
2,708
-
-
Clothing
45
-
-
Professional fees paid to advisors other than the auditor or examiner
Accountancy fees other than
1,174
-
-
examination or audit fees
Consultancy fees
-
-
-
Other legal and professional
4,728
-
-
Alliliation Fees
1,608
-
-
Financial costs
Bank charges
207
-
-
Depreciation & Amortisation in total for
14,676
-
-
Support costs before reallocation
92,140
20,342
-
Total support costs - Current Year
92,140
20,342
~~-~~		 Premises Expenses
Licence fees payable
158
-
-
Rates and water charges
1,583
-
-
Light heat and power
5,767
-
-
Cleaning and waste management
8,642
-
-
Premises repairs, renewals and
13,488
-
-
maintenance
Property insurance
5,978
-
-
Administrative overheads
Telephone, fax and internet
2,434
-
-
Postage
44
-
-
Stationery and printing
136
-
-
Hire of equipment
632
-
-
Sundry expenses
2,708
-
-
Clothing
45
-
-
Professional fees paid to advisors other than the auditor or examiner
Accountancy fees other than
1,174
-
-
examination or audit fees
Consultancy fees
-
-
-
Other legal and professional
4,728
-
-
Alliliation Fees
1,608
-
-
Financial costs
Bank charges
207
-
-
Depreciation & Amortisation in total for
14,676
-
-
Support costs before reallocation
92,140
20,342
-
Total support costs - Current Year
92,140
20,342
~~-~~		 158
1,583
5,767
8,642
13,488
5,978
2,434
44
136
632
2,708
45
1,174
-
4,728
1,608
207
14,676		 394
3,323
6,292
9,145
63,196
5,538
2,407
36
173
609
2,051
30
442
300
5,218
1,069
166
14,676
92,140
20,342		 - 112,482
~~112,482~~		 173,109
92,140
20,342		 173,109
~~-~~

The basis of allocation of costs between activities is described under accounting policies

-

Prior Year Current year Current year Current year Prior Year
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds
2021 2021 2021 2020
£ £ £ £
Employee costs not included in direct costs
Salaries - Administrative staff 39,967 12,959 - 52,926
Defined contribution pension cost -
administrative staff		 4,582 45 - 4,627
Premises Expenses
Cleaning and waste management 7,248 1,897 - 9,145
Premises repairs, renewals and
maintenance		 62,496 700 - 63,196

28

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

Financial costs
Depreciation & Amortisation in total for
Support costs before reallocation
Total support costs - Prior Year		 8,422
6,254		 -
-
-		 14,676
151,254
21,855		 173,109
173,109
151,254
21,855

The basis of allocation of costs between activities is described under accounting policies

32 Other Expenditure - Governance costs

Current Year
Independent Examiner's fees
Total Governance costs		 Current year
Current year
Current year
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2021
2021
2021
£
£
£
2,000
-
-
2,000
-
-		 Current year
Prior Year
Total Funds
Total Funds
2021
2020
£
£
2,000
2,000
2,000
2,000

All the expenditure in the prior year was unrestricted.

33 Total Charitable expenditure

Total Charitable expenditure
Current Year
Total direct spending
B2a
Total charitable trading costs
B2b
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2
Prior Year
Total direct spending
B2a
Total charitable trading costs
B2b
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Current year
Current year
Unrestricted
Funds
Restricted
Funds
2021
2021
£
£

19,066
4,761

127,804
9,366

92,140
20,342

2,000
-		 Current year
Endowment
Funds
2021
£
-
-
-
-
-
Prior Year
Endowment
Funds
2020
£
-
-
-
-		 Current year
Total Funds
2021
£
23,827
137,170
112,482
2,000
275,479
Prior Year
Total Funds
2020
£
1,450
167,746
173,109
2,000		 Prior Year
Total Funds
2020
£
1,450
167,746
173,109
2,000
241,010
34,469		 344,305
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2020
2020
£
£

-
1,450

128,462
39,284

151,254
21,855

2,000
-
281,716
62,589		 - 344,305

29

YMCA Taunton

Activity analysis of Income and expenditure for the for the year ended 31 August 2021

This analysis is classsified by activity and not by conventional nominal descriptions.

34 Analysis of income by activity

Analysis of income by activity
SOFA ref
Activity
Income from charitable activities
Lettings
Youth Club and Sports Activities
Preschool
Total Income from charitable
activities
A2
Income from other, non charitable, trading activities
Fundraising activities
Canteen Sales
Car Park
Total Income from other, non
charitable, trading activities
A3
Summary of Total Income, including the items above
Charitable activities
A2
Other activities
A3
Donations & Legacies
A1
Investment income
A4
Total income as shown in the SOFA
A
Categories of income
Income from exchange transactions		 2021
27,113
33,195
149,544
209,852
1,245
329
1,289
2,863
209,852
2,863
99,074
30
311,819
311,819		 2020
25,254
59,579
154,744
239,577
2,226
2,685
1,616
6,527
239,577
6,527
108,939
312
355,355
355,355

35 Analysis of charitable expenditure by activity

Activity

Direct
costs
2021
£
Lettings
Direct costs
3,074
Employee costs not included in direct cos
-
Premises expenses
-
Administrative overheads
-
Professional fees
-
Financial costs
-
Total Lettings
3,074		 Support
costs
2021
£
-
6,253
4,594
774
969
1,920
14,510		 Grant
funding of
activities
2021
£
-
-
-
-
-
-
-		 Total
2021
£
3,074
6,253
4,594
774
969
1,920
17,584		 Total
2020
£
-
6,118
9,263
559
741
1,564
18,245

30

YMCA Taunton

Activity analysis of Income and expenditure for the for the year ended 31 August 2021

Youth Club and Sports Activities
Direct costs
Charitable trading costs
Employee costs not included in direct cos
Premises expenses
Administrative overheads
Professional fees
Financial costs
Total Youth Club and Sports
Activities
Preschool
Direct costs
Charitable trading costs
Employee costs not included in direct cos
Premises expenses
Administrative overheads
Professional fees
Financial costs
Total Preschool
Summary of charitable costs by activity		 Direct
costs
2021
£
3,765
25,863
-
-
-
-
-
29,628
Direct
costs
2021
£
16,989
111,307
-
-
-
-
-
128,296		 Support
costs
2021
£
-
-
7,659
5,627
948
1,187
2,352
17,773
Support
costs
2021
£
-
-
34,562
25,393
4,277
5,355
10,612		 Grant
funding of
activities
2021
£
-
-
-
-
-
-
-
-
Grant
funding of
activities
2021
£
-
-
-
-
-
-
-
-		 Total
2021
£
3,765
25,863
7,659
5,627
948
1,187
2,352
47,401
Total
2021
£
16,989
111,307
34,562
25,393
4,277
5,355
10,612
208,495		 Total
2020
£
1,450
48,781
14,436
21,858
1,320
1,748
3,691
93,284
Total
2020
£
-
118,965
37,491
56,767
3,427
4,540
9,586
80,199 230,776
Total Lettings
Total Youth Club and Sports Activities
Total Preschool
Total Governance costs as detailed in
Note 32
Total charitable expenditure		 Direct
costs
2021
£
3,074
29,628
128,296
-
160,998		 Support
costs
2021
£
14,510
17,773
80,199
2,000		 Grant
funding of
activities
2021
£
-
-
-
-
-		 Total
2021
£
17,584
47,401
208,495
2,000
275,480		 2,000
Total
2020
£
18,245
93,284
230,776
114,482 344,305

The basis of allocation of costs between activities is described under accounting policies

31

YMCA Taunton

Activity analysis of Income and expenditure for the for the year ended 31 August 2021

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 33

Analysis of support and governance costs by charitable activities

Activity
Lettings
Youth Club and Sports Activities
Preschool
Grand Total		 Governance
258
316
1,426
2,000		 Finance
1,920
2,352
10,612
14,884		 Human
Resources
6,253
7,659
34,562
48,474		 Other
Overheads
6,337
7,762
35,025
49,124		 Total
14,768
18,089
81,625
114,482

36 Analysis of non charitable expenditure by activity

Governance costs
Other Expenditure - Governance costs as detailed in Note 32		 Governance
costs
2021
£
2,000		 Governance
costs
2020
£
2,000

The breakdown of this expenditure by type of spending (ie by nominal classification and by fund) is detailed in note 0

37 Carrying value of work in progress analysed between activities

2021 2020
£ £
Other non charitable activities 100 100

32