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← YMCA Taunton

2023-08-31-accounts

YMCA TAUNTON

Report and Accounts 31[st] August 2023

Charity Registration Number: -1152585

YMCA Taunton Lisieux Way TA12LB www.ymcataunton.co.uk

Accounts prepared by: Karen Nobes BA(hons), ACMA, CTA Polden Accountants Ltd Poplar Farm Burtle Road Burtle

Somerset TA7 8NB

YMCA TAUNTON Bringing meaningful change to children, families and the community by developing innovative, community-bosed solutions to sociol issues IMPACT REPORT 2022123 At YMCA Taunton, we ore proud to provide significant impact to our local community whilst continuing our facilities refurbishment programme YOUNG PEOPLE INTERACTIONS 19,135 Y oung People Attonded Activities 970 Young Person Interactions Iyouth Clubl 47 Young Carors Supported 561 Young Carer Interactions 45 Pre-schoolers Educated "My son has really grown in confidence since starting at YMCA. He's made some great friends, hos a wonderful support network from the staff ond hos developed in so many woys" Pre-school Parent 869 Children's Hot Meols 557 Sofe Holiday Spoces COMMUNITY ENGAGEMENTS 16,469+ Meals 94 Young Carers Seosonal Gift Baskets COMMUNITY HEALTH AND WELLBEING ACTIVITIES 37 Different Sports & Fitness Classes 2 Community Cooks 3 Mentol Hoolth First Aiders I ASIST Caregiver INCOME £311,666 9 Volunteers Corporate Partners 100% Staff BelieveYMCA Taunton Operates In A Socially Acceptable Manner Yn¢A Here for young people YMCA erKJbles people to develop their full potentiol in mind, body ond spiriL Here for communities Inspired by, and faithful to, our Christion volue5. we create supportive, inclusive and Here for you energi5ing communities, where young people con truly belong, contribute ond thrive. HOUSING SUPPORT& ADVICE

YMCA Taunton

Report and accounts for the year ended 31 August 2023

Contents

Page
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
Revenue 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 2023

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 2023. 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 2022). 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

We are a Christian organisation but welcome all religious faiths and beliefs. The trustees have had regard to the Charity Commission's general guidance on public benefit, when reviewing the charity's objectives and in planning future activities for the year. YMCA Taunton aims to encourage and nurture the physical, spiritual and intellectual development of young people within the Taunton Deane constituency so they 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.

How we make a difference - How our charity's performance has influenced the lives of young people

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.

The YMCA Taunton has facilitated over 19,000 engagements with young people, which included in excess of 970 youth club attendances and 45 preschoolers educated over the course of the year. Our youth team have delivered open access youth services, supporting 47 individual young carers, and provided 557 safe spaces with engaging activities for young people during school holidays throughout the year. In addition the team delivered a creative music and media project for young carers with Bath Philharmonia and two cricket coaching programmes (‘All Stars’ and ‘Dynamics’) for young people with Somerset Cricket Foundation.

Hosting at the Centre included fortnightly Talking Cafes with the Community Council of Somerset (CCS) providing support and signposting to the Community. NHS Health Coaches also used our facilities to

1

deliver health and wellbeing guidance and activities, and Somerset Activity & Sports Partnership (SASP) provided fun and informal rounders games particularly aimed at mums, grandmothers, families and carers in our sports hall.

In addition to over 35 sporting activities hosted at the centre, our 2 community cooks assisted by one volunteer chef have provided more than 860 hot meals to children. Our Food service provision continued post COVID with a free to access food parcel service providing over 16,000 meals to those in need.

Fundraising activities during the year.

To deliver our core objectives, YMCA Taunton raise funds through a range of activities and room hire, such as, venue hire for training courses and sporting activities, prize bingo, raffles and events. In addition, our Pre-School also provides an important source of additional revenue.

Grants and Donations are also an important source of income. In addition to our 6 corporate partners (ASDA, Co-op, Lidl, Marks and Spencer, Sainsburys, B&Q) we would also like to acknowledge and thank our sponsors for their financial assistance in funding a variety of different initiatives:

Overall business income (including operational grants and donations) for the year ending 31st August 2023 of £311,666. Included in our results for the previous year (2021/22) were grants received for our major building renovation initiative (£164,318) and the Covid Kickstarter program (£13,498) which were not replicated in this year’s financial results. These grants should be taken into consideration when comparing our results against the previous year’s overall business income, which showed a decrease of £24,906 or -9.3%. Operating costs were kept to a manageable level and as a result, the association’s income generating activities, produced a net operating surplus carried forward to our reserves of £2,840.

Our financial strategy has focused both on developing income to provide our youth services and also upgrade our facilities to ensure that our centre will continue to deliver community services for many years to come.

Examples of improvements:

2

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 18th June 2024.

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 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:

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 objectives. The association is committed to attracting new board members and are actively seeking to increase the pool of Governance Members through which future trustees will be sought.

Finally, I would like to recognise and thank our team, that is, our employees, our volunteers and our trustees for their continued hard work and the support they have provided over the last 12 months. As a charity we rely on your hard work and the support you give us throughout the year. We have a fantastic facility, but it is your efforts that make the building the hub of our community. I am confident with your help, the charity can continue to grow over the coming years, broadening the scope of our work with the children and young people within our catchment area. Thank you for your efforts.

Dr Nick Low

3

Registered Charity number: 1152585

Principal address: Lisieux Way Taunton Somerset TA1 2LB Trustees

The following persons served as Trustees during the year ended 31st August 2023:

N Low (Chair)

A White (Vice Chair) Z Coulson

Independent examiner

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

4

YMCA Taunton

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 August 2023

I report to the Trustees on my examination of the financial statements of YMCA Taunton on pages 12 to 20 for the year ended 31 August 2023 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 19.

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 Accountants, 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

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.

5

YMCA Taunton

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 2023 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 Accountants;

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 Accountants

Poplar Farm Burtle Road Burtle Somerset TA7 8NB

This report was signed on 24 June 2024

6

YMCA Taunton - Statement of Financial Activities for the year ended 31 August 2023

Statement of Financial Activities for the year ended 31 August 2023

SORP
Ref
Current year
Income & Endowments from:
Donations & Legacies
A1
13,829
Charitable activities
A2
278,159
Other trading activities
A3
5,327
Investments
A4
3,901
Other
A5
-
Total income
A
301,216
Expenditure on:
Charitable activities
B2
298,376
Other
B3
-
Total expenditure
B
298,376
Net income for the year
2,840
Net income after transfers
A-B-C
2,840
Net movement in funds
2,840
Reconciliation of funds:-
E
Total funds brought forward
292,170
Total funds carried forward
295,010
Unrestricted
Funds
2023
£
Current year
13,829
278,159
5,327
3,901
-
Unrestricted
Funds
2023
£		 Current year
10,450
-
-
-
-
Restricted
Funds
2023
£		 Current year
-
-
-
-
-
-
-
-
-
-
-
-
105
105
Endowment
Funds
2023
£		 Current year
24,279
278,159
5,327
3,901
-
Total Funds
2023
£		 Prior Year
224,559
280,094
3,410
292
6,033
Total Funds
2022
£
301,216 10,450 311,666 514,388
298,376
-		 10,450
-		 308,826
-		 508,382
-
298,376 10,450 308,826 508,382
2,840 - 2,840 6,006
- 2,840 6,006
2,840
292,170		 -
97,435		 2,840
389,710		 6,006
383,704
295,010 97,435 392,550 389,710

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.

7

YMCA Taunton - Statement of Financial Activities for the year ended 31 August 2023

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
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
Other
Tax on surplus on ordinary activit
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
45,569
280,094
3,410
292
6,033
Unrestricted
Funds
2022
£		 Prior Year
178,990
-
-
-
-
Restricted
Funds
2022
£		 Prior Year
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
105
105
Endowment
Funds
2022
£		 Prior Year
224,559
280,094
3,410
292
6,033
514,388
-
508,382
-
-
-
508,382
-
6,006
-
6,006
6,006
383,704
Total Funds
2022
£
335,398 178,990
-
313,771
-
-
-		 -
194,611
-
-
-
313,771 194,611
-
21,627
-		 -
(15,621)
-
21,627 (15,621)
21,627
270,543		 (15,621)
113,056
292,170 97,435 389,710

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.

8

YMCA Taunton - Statement of Financial Activities for the year ended 31 August 2023

YMCA Taunton - Resources applied in the year ended 31 August 2023 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
Net resources available to fund charitable activities		 2023
£
2,840
-
-
2,840		 2022
£
6,006
-
-

6,006

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 2023

Revenue accumulated funds

Accumulated funds brought forward
Recognised gains and losses before
transfers
Closing revenue funds		 Unrestricted
Funds
2023
£
292,170
2,840		 Restricted
Funds
2023
£
97,435
-
97,435		 Endowment
Funds
2023
£
105
-
105
105		 Total
Funds
2023
£
389,710
2,840
392,550		 Last year
Total Funds
2022
£
383,704
6,006
295,010 389,710
295,010 97,435 392,550 389,710

Designated revenue funds included within the unrestricted funds above

Designated revenue funds included within the unrestricted funds above
At 1 September
Transfer (to)/from revenue accumulated funds
At 31 August		 Total
Funds
2023
£
133,035
(20,000)		 Last year
Total Funds
2022
£
133,035
-
113,035 133,035

The purposes for which these funds have been designated are described in Note 20 to the accounts.

Summary of funds
Unrestricted
and
Designated funds
Restricted
Funds
2023
2023
£
£
Revenue accumulated funds
181,975
97,435
Revenue designated funds
113,035
-
Total funds
295,010
97,435		 Summary of funds
Unrestricted
and
Designated funds
Restricted
Funds
2023
2023
£
£
Revenue accumulated funds
181,975
97,435
Revenue designated funds
113,035
-
Total funds
295,010
97,435		 Summary of funds
Unrestricted
and
Designated funds
Restricted
Funds
2023
2023
£
£
Revenue accumulated funds
181,975
97,435
Revenue designated funds
113,035
-
Total funds
295,010
97,435		 Endowment
Funds
2023
£
105
-
105		 Total
Funds
2023
£
279,515
113,035		 Last Year
Total Funds
2022
£
256,675
133,035
295,010 97,435 392,550 389,710

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

9

YMCA Taunton - Statement of Financial Activities for the year ended 31 August 2023

YMCA Taunton

Income and Expenditure Account for the year ended 31 August 2023 as required by the Companies Act 2006

Income
Income from operations
Investment income
Interest receivable
Other operating income
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
Realised losses on disposals of tangible fixed assets held for the charity’s own use
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
All activities derive from continuing operations		 2023
£
307,765
3,901
-		 2022
£
508,063
292
6,033
311,666 514,388
311,666 514,388
319,711
(12,885)
2,000
-
-		 491,706
14,676
2,000
-
-
308,826 508,382
2,840
-		 6,006
-
2,840 6,006
2,840 6,006

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.

10

YMCA Taunton - Balance Sheet as at 31 August 2023

SORP
Note Ref
2023
£
Fixed assets
A
Tangible assets
10
A2
91,316
Current assets
B
Stocks
B1
100
Debtors
12
B2
24,092
Cash at bank and in hand
B4
390,656
Total current assets
414,848
Creditors: amounts falling due within
one year
13
C1
(113,614)
Net current assets
301,234
The total net assets of the charity
392,550		 2022
£
78,431
100
23,064
450,428
473,592
(162,313)
311,279
389,710		 2022
£
78,431
100
23,064
450,428
473,592
(162,313)
311,279
389,710
389,710
The total net assets of the charity are funded by the funds of the
Endowment funds
Endowment Revenue Funds
18 D1
105
Restricted funds
Restricted Revenue Funds
18 D2
97,435
Unrestricted Funds
Unrestricted Revenue Funds
18 D3
181,975
Designated Funds
Designated Revenue Funds
18 D3
113,035
Total charity funds		 charity, as follows:-
105
105
97,435
97,435
159,135
181,975
133,035
113,035
392,550
105
97,435
159,135
133,035
389,710

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.

----- Start of picture text -----
Companies Act 2006.
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Mr Nicolas Low Trustee Approved by the board of trustees on 18 June 2024

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

11

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2023

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 reasoable accuracy and there 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 31st August 2024, 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 uncertainites 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.

12

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2023

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.

Dividends are accrued when the shareholder’s right to receive payment is established.

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 2023

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 :-

Staffing - on the basis of time spent in connection with any particular activity.

Premises related costs - on the proportion of income generated.

Non specific support costs - in proportion to income generated .

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. 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.

14

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2023

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.

An adjustment has been included in the accounts to correct depreciation charges included in the previous year in error.

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 2023

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 will probably 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.

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.

16

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2023

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
2023 2022
£ £
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets (12,885) 14,676
Pension costs 6,763 6,608
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.
Staff costs and emoluments
Salary costs 2023 2022
£ £
Gross Salaries excluding trustees and key management personnel 221,527 206,750
Employer's National Insurance for all staff 14,733 12,405
Employer's operating costs of defined
contribution pension schemes 6,763 6,608
Total salaries, wages and related costs 243,023 225,763
The average number of part time staff employed in the year was 8 12
The average number of full time staff employed in the year was 7 8
The estimated full time equivalent number of all staff employed in the year was 12 14
The estimated equivalent number of full time staff in different activities in the year was:-
Youth Club and Sports Activities 2 2
Pre-School 7 9
Administration and Support Staff 3 3
The estimated full time equivalent number of all staff employed as above 12 14

6 The contribution of volunteers

7 Staff costs and emoluments

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.

17

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2023

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 2022
At 31 August 2023
Depreciation
At 1 September 2022
Charge for the year
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022
Prior Year
Cost
01 September 2021
31 August 2022
Depreciation
01 September 2021
Charge for the year
31 August 2022
Net book value
31 August 2022
31 August 2021
11Stocks & Work in Progress
Stocks before write downs		 Land and
Buildings
Plant &
Machinery
£
£
133,445
38,469		 Motor
Vehicles
Total
Total
£
£
£
-
171,914
171,914
133,445
38,469		 -
171,914
171,914
36,693
56,790
5,436
(18,321)		 -
93,483
93,483
-
(12,885)
(12,885)
42,129
38,469		 -
80,598
80,598
91,316
-		 -
91,316
91,316
96,752
(18,321)		 -
78,431
78,431
Land and
Buildings
Plant &
Machinery
£
£
133,445
38,469		 Motor
Vehicles
Total
Total
£
£
£
-
171,914
171,914
133,445
38,469		 -
171,914
171,914
31,257
47,550
5,436
9,240		 -
78,807
78,807
-
14,676
14,676
36,693
56,790		 -
93,483
93,483
96,752
(18,321)		 -
78,431
78,431
102,188
(9,081)		 -
93,107
93,107
2023
£
2022
£
100
100
100
100

18

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2023

Analysis of the carrying value of stocks and work in progress by activities

Activity
Pre-School
12 Debtors
Trade debtors
Prepayments and accrued income
Other debtors
13 Creditors: amounts falling due within one year
Trade creditors
Accruals
PAYE, NIC VAT and other taxes
Other creditors		 Stocks
2023
2022
£
£
100
100
100
100
2023
2022
£
£
19,720
19,716
2,114
2,316
2,259
1,032
24,093
23,064
2023
2022
£
£
8,649
28,313
93,277
123,114
4,385
3,583
7,303
7,303
113,614
162,313

14 Loans to trustees included in debtors

There have been no loans to trustees.

15 Guarantees made by the charity on behalf of trustees

There have been no guarantees made on behalf of trustees.

Income and Expenditure account summary
At 1 September 2022
Surplus after tax for the year
At 31 August 2023		 2023
£
2022
£
389,710
383,704
2,840
6,006
392,550
389,710

16 Income and Expenditure account summary

19

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2023

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

At 31 August 2023
Tangible Fixed Assets
Current Assets
Current Liabilities
At 1 September 2022
Tangible Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
Designated
Endowment
Restricted
Total
Total
funds
funds
funds
funds
Funds
Funds
£
£
£
£
£
£
91,316
-
-
-
91,316
91,316
207,197
110,111
105
97,435
414,848
414,848
(113,614)
-
-
-
(113,614)
(113,614)
184,899
110,111
105
97,435
392,550
392,550
Unrestricted
Designated
Endowment
Restricted
Total
Total
funds
funds
funds
funds
Funds
Funds
£
£
£
£
£
£
78,431
-
-
-
78,431
78,431
243,017
133,035
105
97,435
473,592
473,592
(162,313)
-
-
-
(162,313)
(162,313)
159,135
133,035
105
97,435
389,710
389,710

20

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2023

18 Change in total funds over the year as shown in Note 17 , analysed by individual funds

Funds brought Movement in Transfers Funds carried Funds carried
forward from funds in 2023 between forward to forward to
2022 funds in 2023 2024 2024
See Note 19 See Note 0
£ £ £ £ £
Unrestricted and designated funds:-
Unrestricted Revenue Funds 159,135 25,764 20,000 204,899 204,899
Designated Revenue Funds 133,035 (22,924) (20,000) 90,111 90,111
Total unrestricted and designated funds 292,170 2,840 - 295,010 295,010
Restricted funds:-
Building Fund 45,133 - - 45,133 45,133
Projects and Equipment 17,362 - - 17,362 17,362
3g Pitch Fund 27,545 - - 27,545 27,545
Yif Fund 7,395 - - 7,395 7,395
Total restricted funds 97,435 - - 97,435 97,435
Endowment funds:-
Sundry other funds 105 - - 105 105
Total endowment funds 105 - - 105 105
Total charity funds 389,710 2,840 - 392,550 392,550
Analysis of movements in funds over the year as shown in Note 18
19 Other
Income Expenditure Gains & Movement Movement
Losses in funds in funds
2023 2023 2023 2023 2023
£ £ £ £ £
Unrestricted and designated funds:-
Unrestricted Revenue Funds 301,216 (275,452) - 25,764 25,764
Designated Revenue Funds - (22,924) - (22,924)
(22,924)
Restricted funds:-
Projects and Equipment 10,450 (10,450) - - -
311,666 (308,826) - 2,840 2,840

21

YMCA Taunton

Notes to the Accounts for the year ended 31 August 2023

20 The purposes for which the funds as

Unrestricted and designated funds:-

YMCA Taunton's Reserve Policy is to maintain sufficient levels to enable normal operating activities to continue over a period of up to 12 months, Unrestricted Revenue Funds should a shortfall in income occur and to take account of potential risks and contingencies that may arise from time to time. This fund represents the unrestricted surplus that has been designated by Designated Revenue Funds the trustees for an essential spend or particular future purpose. Restricted funds:-

Funds were received towards the improvements to the building which are Building Fund being depreciated on a straight line basis Funds were received towards the replacement of equipment which are being Projects and Equipment depreciated on a straight line basis Funds were received towards the replacement of the 3g pitch which is being 3g Pitch Fund depreciated on a straight line basis Funds were received that directly related to the spending on a youth Yif Fund initiative. - Endowment funds:- This fund represents the restricted surplus relating to endowment funds Endowment Revaluation Reserve arising on the revaluation of the charity's assets.

21 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 2023 as required by the SORP 2015

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

22 Donations, Grants and Legacies

Donations, Grants and Legacies
Donations and gifts from individuals
Small donations individually less than
£1000
Total donations and gifts from
individuals
Revenue grants from government and
public bodies
Small grants individually less than £1000
Somerset Communities
Somerset County Council
Young Carers
Coronavirus Job Retention Scheme
Avon and Somerset Police
DWP
Somerset West and Taunton Council
National Lottery Community Funding
Total public sector revenue grants		 Current year
Current year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
3,433
-
3,433
-		 Current year
Endowment
Funds
2023
£
-		 Current year
Total Funds
2023
£

3,433
3,433		 Prior Year
Total Funds
2022
£
3,850
- 3,850
Current year
Unrestricted
Funds
Current year
Restricted
Funds
2023
2023
£
£
-
-
6,900
-
-
-
-
9,586
-
-
-
-
-
-
1,000
864
-
-		 Current year
Endowment
Funds
2023
£
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2023
£
-
6,900
-
9,586
-
-
-
1,864
-
18,350		 Prior Year
Total Funds
2022
£
1,000
101,546
11,780
7,382
225
2,000
13,498
66,772
10,000
7,900
10,450		 - 214,203

23

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015

Revenue grants from government and public bodies - Prior Year analysis

Prior Year
Revenue grants and donations from non
public bodies
Small grants individually less than £1000
Arnold Clark
Allianz
Co-operative
Marks and Spencer
Total private sector revenue grants		 Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2022
2022
£
£
37,713
176,490		 Prior Year
Endowment
Funds
2022
£
-		 Prior Year
Total Funds
2022
£
214,203
Current year
Total Funds
Prior Year
Total Funds
2023
2022
£
£
1,000
-
1,606
6,461
606
500
-
2,500
-
1,000
-
2,461
Current year
Unrestricted
Funds
Current year
Restricted
Funds
2023
2023
£
£
1,000
-
1,606
-
606
-
-
-
-
-
-
-		 Current year
Endowment
Funds
2023
£
-
-
-
-
-
-

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

Prior Year Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2022
2022
2022
£
£
£
3,961
2,500
-		 Prior Year
Total Funds
2022
£
6,461

24

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2023 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
2023 2023 2023 2023 2022
£ £ £ £ £
Membership subscriptions as donations 890 - - 890 45

Total Donations, Grants and Legacies

Total Donations, Grants and
A1
Legacies
Prior year
Total Donations, Grants and
A1
Legacies		 13,829 10,450 -
 24,279

 224,559
Unrestricted
Funds
2022
£		 Restricted
Funds
2022
£		 Endowment
Funds
2022
£		 Prior Year
Total Funds
2022
£
224,559
45,569 178,990 -

23 Income from charitable activities - Trading Activities

Current year
Primary purpose and ancillary trading
Youth Club and Social Activities
Pre-School
Letting of property for charitable purposes
Total Primary purpose and ancillary
trading		 Current year
Unrestricted
Funds
2023
£
75,855
138,087
64,217		 Current year
Restricted
Funds
2023
£
-
-
-		 Current year
Endowment
Funds
2023
£
-
-
-		 Current year
Total Funds
2023
£
278,159

75,855
138,087
64,217		 Prior Year
Total funds
2022
£
280,094

61,356
169,438
49,300
278,159 - -

24 Total Income from charitable activities

Total income from charitable trading
Total from charitable activities
A2
Current year		 Current year
278,159
Unrestricted
Funds
2023
£		 Current year
-
Restricted
Funds
2023
£		 Current year
-
Endowment
Funds
2023
£		 Current year
278,159
278,159
Total Funds
2023
£		 Prior Year
Total Funds
2022
£
280,094
278,159 - - 280,094
25

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015

25 Income from other, non charitable, trading activities

Car parking Income
Income from fundraising events
Canteen Sales
Total from other activities
A3
26 Investment income
Bank Interest Receivable
Total investment income
A4
27Other income and gains
Current year
Insurance claims - Revenue items
Total other income
A5		 Current year
Unrestricted
Funds
2023
£
1,487
1,992
1,848
5,327
Current year
Unrestricted
Funds
2023
£
3,901		 Current year
Restricted
Funds
2023
£
-
-
-		 Current year
Endowment
Funds
2023
£
-
-
-		 Current year
Total Funds
2023
£
1,487
1,992
1,848
5,327
Current year
Total Funds
2023
£
3,901
3,901
Current year
Total Funds
2023
£
-
-		 Prior Year
Total Funds
2022
£
1,300
1,191
919
- - 3,410
Current year
Restricted
Funds
2023
£
-		 Current year
Endowment
Funds
2023
£
-		 Prior Year
Total Funds
2022
£
292
3,901 - - 292
Current year
Unrestricted
Funds
2023
£
-		 Current year
Restricted
Funds
2023
£
-		 Current year
Endowment
Funds
2023
£
-
-		 Prior Year
Total Funds
2022
£
6,033
- - 6,033

28 Expenditure on charitable activities - Direct spending

Current Year
Grant Expenditure
Total direct spending
B2a		 Current year
Unrestricted
Funds
Current year
Restricted
Funds
2023
2023
£
£
881
-		 Current year
Endowment
Funds
2023
£
-		 Current year
Total Funds
2023
£
881
881		 Prior Year
Total Funds
2022
£
192,916
881
-		 - 192,916

26

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015

Prior Year
Grant Expenditure
Total direct spending
B2a		 Prior Year
Unrestricted
Funds
Prior Year
Restricted
Funds
2022
2022
£
£
15,811
177,105		 Prior Year
Endowment
Funds
2022
£
-		 Prior Year
Total Funds
2022
£
192,916
15,811
177,105		 - 192,916

29 Expenditure on charitable activities - Charitable trading

Current Year
Youth Club Expenditure
Pre-School Expenditure
Total charitable trading costs
B2b
Prior Year
Youth Club Expenditure
Pre-School Expenditure
Total charitable trading costs
B2b		 Current year
Unrestricted
Funds
Current year
Restricted
Funds
Current year
Endowment
Funds
2023
2023
2023
£
£
£
37,282
10,450
-
162,924
-
-		 Current year
Total Funds
Prior Year
Total Funds
2023
2022
£
£
47,732
26,391
162,924
141,020

200,206
10,450
-		 210,656
167,411
Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2022
2022
2022
£
£
£
26,166
225
-
141,020
-
-		 Prior Year
Total Funds
2022
£
26,391
141,020
167,411

167,186
225
-

27

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015

30 Support costs for charitable activities

Support costs for charitable activities Support costs for charitable activities Support costs for charitable activities
Current year
Current year
Current year
Unrestricted
Restricted
Endowment
Current Year
Funds
Funds
Funds
2023
2023
2023
£
£
£
Employee costs not included in direct costs
Salaries - Administrative staff
62,594
-
-
Defined contribution pension cost -
4,519
-
-
administrative staff
Employers' NI - Administrative staff
5,289
-
-
Training and welfare - staff
511
-
-
Employers NI Allowance
(5,000)
-
-
Travel and subsistence - staff
663
-
-
Premises Expenses
Licence fees payable
159
-
-
Rates and water charges
4,243
-
-
Light heat and power
4,824
-
-
Cleaning and waste management
9,005
-
-
Premises repairs, renewals and
2,753
-
-
maintenance
Property insurance
7,901
-
-
Administrative overheads
Telephone, fax and internet
2,790
-
-
Postage
16
-
-
Stationery and printing
198
-
-
Hire of equipment
432
-
-
Sundry expenses
1,123
-
-
Professional fees paid to advisors other than the auditor or examiner
Accountancy fees other than
examination or audit fees
Other legal and professional
664
4,045
-
-
-
-
Affiliation Fees
1,100
-
-
Financial costs
Bank charges
345
-
-
Depreciation & Amortisation in total for
(12,885)
-
-
Support costs before reallocation
95,289
-
-
Total support costs - Current Year
95,289
-
-		 Current year
Prior Year
Total Funds
Total Funds
2023
2022
£
£
62,594
61,694
4,519
4,506
5,289
5,755
511
150
(5,000)
(3,000)
663
270
159
159
4,243
4,552
4,824
6,186
9,005
9,381
2,753
24,600
7,901
6,596
2,790
2,496
16
2
198
159
432
480
1,123
945
664
4,045
664
4,115
1,100
1,454
345
215
(12,885)
14,676
95,289
-
95,289
-		 - 95,289
146,055
95,289
146,055
-

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

28

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015

Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2,022
2,022
£
£
Employee costs not included in direct costs
Salaries - Administrative staff
Defined contribution pension cost -
administrative staff
Employers' NI - Administrative staff
Training and welfare - staff
Employers NI Allowance
Travel and subsistence - staff
Premises Expenses
Licence fees payable
Rates and water charges
Light heat and power
Cleaning and waste management
Premises repairs, renewals and
maintenance
Property insurance
Administrative overheads
Telephone, fax and internet
Postage
Stationery and printing
Hire of equipment
Sundry expenses
Professional fees paid to advisors
Accountancy fees other than
examination or audit fees
664
-
Other legal and professional
4,115
-
Affiliation Fees
1,454
-
Financial costs
Bank charges
215
-
Depreciation & Amortisation in total for
14,676
-
Support costs before reallocation
128,774
17,281
Total support costs - Prior Year
128,774
17,281
61,694
-
4,506
-
5,755
-
150
-
(3,000)
-
270
-
159
-
4,552
-
6,186
-
9,381
-
7,319
17,281
6,596
-
2,496
-
2
-
159
-
480
-
945
-		 Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2,022
2,022
£
£
Employee costs not included in direct costs
Salaries - Administrative staff
Defined contribution pension cost -
administrative staff
Employers' NI - Administrative staff
Training and welfare - staff
Employers NI Allowance
Travel and subsistence - staff
Premises Expenses
Licence fees payable
Rates and water charges
Light heat and power
Cleaning and waste management
Premises repairs, renewals and
maintenance
Property insurance
Administrative overheads
Telephone, fax and internet
Postage
Stationery and printing
Hire of equipment
Sundry expenses
Professional fees paid to advisors
Accountancy fees other than
examination or audit fees
664
-
Other legal and professional
4,115
-
Affiliation Fees
1,454
-
Financial costs
Bank charges
215
-
Depreciation & Amortisation in total for
14,676
-
Support costs before reallocation
128,774
17,281
Total support costs - Prior Year
128,774
17,281
61,694
-
4,506
-
5,755
-
150
-
(3,000)
-
270
-
159
-
4,552
-
6,186
-
9,381
-
7,319
17,281
6,596
-
2,496
-
2
-
159
-
480
-
945
-		 Prior Year
Endowment
Funds
2,022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Prior Year
Total Funds
2022
£
664
4,115
1,454
215
14,676
61,694
4,506
5,755
150
(3,000)
270
159
4,552
6,186
9,381
24,600
6,596
2,496
2
159
480
945
128,774
17,281		 - 146,055
146,055
128,774
17,281		 -

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

31 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
2023
2023
2023
£
£
£
2,000
-
-
2,000
-
-		 Current year
Prior Year
Total Funds
Total Funds
2023
2022
£
£
2,000
2,000
2,000
2,000

29

YMCA Taunton

Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015

32 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		 Current year
Unrestricted
Funds
2023
£

881

200,206

95,289

2,000		 Current year
Restricted
Funds
2023
£
-
10,450
-
-		 Current year
Endowment
Funds
2023
£
-
-
-
-		 Current year
Total Funds
2023
£
881
210,656
95,289
2,000
308,826		 Prior Year
Total Funds
2022
£
192,916
167,411
146,055
2,000
298,376 10,450 - 508,382
Prior Year
Prior Year
Unrestricted
Funds
2022
£
Total direct spending
B2a
15,811
Total charitable trading costs
B2b
167,186
Total support costs
B2d
128,774
Total Governance costs
B2e
2,000
Total charitable expenditure
B2
313,771		 Prior Year
Prior Year
Unrestricted
Funds
2022
£
Total direct spending
B2a
15,811
Total charitable trading costs
B2b
167,186
Total support costs
B2d
128,774
Total Governance costs
B2e
2,000
Total charitable expenditure
B2
313,771		 Prior Year
Restricted
Funds
Prior Year
Endowment
Funds
Prior Year
Total Funds
2022
2022
2022
£
£
£
177,105
-
192,916
225
-
167,411
17,281
-
146,055
-
-
2,000
313,771 194,611
-
508,382

30

YMCA Taunton

Activity analysis of Income and expenditure for the for the year ended 31 August 2023

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

33 Analysis of income by activity

Analysis of income by activity
SOFA ref
Activity
Income from charitable activities
Lettings
Youth Club and Sports Activities
Pre-School
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
Other income
A5
Total income as shown in the SOFA
A
Categories of income
Income from exchange transactions		 2023
£
64,217
75,855
138,087		 2022
-
49,300
61,356
169,438
278,159 280,094
1,992
1,848
1,487		 1,191
919
1,300
5,327 3,410
278,160
5,327
24,279
3,901
-		 280,094
3,410
224,558
292
6,033
311,667 514,387
311,667 514,387

34 Analysis of charitable expenditure by activity

Activity
Lettings
Grant Expenditure
Employee costs not included in direct co
Premises expenses
Administrative overheads
Professional fees
Financial costs
Total Lettings		 Direct
costs
Support
costs
Grant
funding of
activities
Total
Total
2023
2023
2023
2023
2022
£
£
£
£
£
-
-
-
-
33,953

-
15,841
-
15,841
12,210
-
6,672
-
6,672
9,059
-
1,053
-
1,053
718
-
1,342
-
1,342
1,097
-
(2,897)
-
(2,897)
2,621
-
22,011
-
22,011
59,658

31

YMCA Taunton

Activity analysis of Income and expenditure for the for the year ended 31 August 2023

Youth Club and Sports Activities
Grant Expenditure
Charitable trading costs
Employee costs not included in direct co
Premises expenses
Administrative overheads
Professional fees
Financial costs
Total Youth Club and Sports
Activities
Pre-School
Grant Expenditure
Charitable trading costs
Employee costs not included in direct co
Premises expenses
Administrative overheads
Professional fees
Financial costs
Total Pre-School
Summary of charitable costs by activity		 Direct
costs
2023
£
881
47,732
-
-
-
-
-
48,613
Direct
costs
2023
£
-
162,924
-
-
-
-
-
162,924		 Support
costs
2023
£
-
-
18,721
7,886
1,244
1,586
(3,423)		 Grant
funding of
activities
2023
£
-
-
-
-
-
-
-
-
Grant
funding of
activities
2023
£
-
-
-
-
-
-
-		 Total
2023
£
881
47,732
18,721
7,886
1,244
1,586
(3,423)
74,627
Total
2023
£
-
162,924
34,014
14,327
2,261
2,881
(6,220)		 Total
2022
£
42,056
26,391
15,124
11,221
890
1,359
3,246
26,014 100,287
Support
costs
2023
£
-
-
34,014
14,327
2,261
2,881
(6,220)		 Total
2022
£
116,907
141,020
42,041
31,193
2,474
3,778
9,024
47,263 - 210,187 346,437
Total Lettings
Total Youth Club and Sports Activities
Total Pre-School
Total Governance costs in Note 31
Total charitable expenditure		 Direct
costs
2023
£
-
48,613
162,924
-
211,537		 Support
costs
2023
£
22,011
26,014
47,263
2,000		 Grant
funding of
activities
2023
£
-
-
-
-		 Total
2023
£
22,011
74,627
210,187
2,000		 Total
2022
£
59,658
100,287
346,437
2,000
97,288 - 308,825 508,382

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

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 32

Analysis of support and governance c
Activity
Lettings
Youth Club and Sports Activities
Pre-School
Grand Total		 osts by charitable activities
Governance
Finance
462
(2,897)
546
(3,423)
992
(6,220)
2,000
(12,540)		 osts by charitable activities
Governance
Finance
462
(2,897)
546
(3,423)
992
(6,220)
2,000
(12,540)		 Human
Resources
15,841
18,721
34,014		 Other
Overheads
9,067
10,716
19,469
39,252		 Total
22,473
26,560
48,255
(12,540) 68,576 97,288

32

YMCA Taunton

Activity analysis of Income and expenditure for the for the year ended 31 August 2023

35 Analysis of non charitable expenditure by activity

Activity
Governance costs
Governance
costs
Governance
costs
2023
2022
£
£
Other Expenditure - Governance costs as detailed in Note 31
2,000
2,000
The breakdown of this expenditure by type of spending (ie by nominal classification and by fund) is detailed in note 36
36 Carrying value of work in progress analysed between activities
2023
2022
£
£
Pre-School
100
100		 Governance
costs
2023
£
2,000		 Governance
costs
2022
£
2,000

33