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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 10405070 (England and Wales) REGISTERED CHARITY NUMBER: 1172479

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

FOR

YMCA WELLINGTON AND DISTRICT

D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB

YMCA WELLINGTON AND DISTRICT

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31st March 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17 to 18

YMCA WELLINGTON AND DISTRICT

REPORT OF THE TRUSTEES for the Year Ended 31st March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 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 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Following the incorporation of the organisation in October 2016, our revised objectives and aims are:

Public benefit

The main activity is undertaken to further our charitable objective for the public benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Board is aware of the need to be more than a landlord and pursues a policy of providing support for young people. This support includes developing life skills, managing mental health or substance misuse issues, sexual health advice and help to access training, education and employment.

Accommodation Based Support

YMCA Wellington has 39 units of accommodation across 3 sites. 26 units are self-contained bedsits or one bedroom flats. A further 13 units are rooms in shared properties. Established couples and single people are eligible. We can also house pregnant women whilst they wait for accommodation with a Thrive family scheme.

Support can include help with benefits, housing,, alcohol or drug advice, working with education and training providers, mediation with family in order to build bridges, liaising with mental health services and signposting to other agencies.

All accommodation is offered through the Thrive Gateway; no direct referrals are accepted.

Floating Support

YMCA Wellington offer floating support to people aged 16+, of any tenure, providing they are resident in the borough of Telford. We support in people's homes and also via drop in advice hubs. This support can include help with benefits, housing, alcohol or drug advice, liaising with mental health services and signposting to other agencies. This is through the Thrive Telford partnership in conjunction with Bromford, Maninplace and Stay.

The Holly Project

The Holly Project is a free support service for survivors of Child Sexual Exploitation (CSE) and is run by survivors of CSE. It offers a safe place for individuals and their families to get support and advice from people who really understand the trauma and lasting impact of CSE. The Holly Project runs groups for survivors and victims as well as families and parents and includes direct access to specialist counselling and sexual health services.

Page 1

YMCA WELLINGTON AND DISTRICT

REPORT OF THE TRUSTEES

for the Year Ended 31st March 2021

The Freedom Programme

The Freedom Programme is a national project, run on a voluntary basis providing information and support for women who have experienced domestic abuse

Shine Project

Funded by The National Lottery Community Fund, our regional complex needs project (headed by The Y, Leicester) aims to ensure young people who have complex needs receive equal access and services across a number of YMCA's within the central region.

FINANCIAL REVIEW

Reserves policy

The trustees have established a policy where the general fund should hold at least the equivalent of the costs of six months overheads, approximately £100,000, to enable the charity to continue if there was a short term significant drop in rental income or donations.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

10405070 (England and Wales)

Registered Charity number

1172479

Registered office

Consort House Victoria Avenue Wellington Telford Shropshire TF1 1NH

Trustees

Chairperson - Mr M J Weaver Vice Chairperson / Chair Personnel Comm. - Mr H P Griffiths Hon Treasurer / Chair Finance & Property Comm. - Mr H P Griffiths Mr P F Murray Mr J R Pattinson Cllr A McClements Mrs T Guest Mr D Watkins

Chief Executive

Mrs M Mulloy

President

Mr L Murray MBE

Page 2

YMCA WELLINGTON AND DISTRICT

REPORT OF THE TRUSTEES for the Year Ended 31st March 2021

REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary Mrs L M Doran

Independent Examiner

D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB

Approved by order of the board of trustees on 10th November 2021 and signed on its behalf by:

H P Griffiths - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YMCA WELLINGTON AND DISTRICT

Independent examiner's report to the trustees of YMCA Wellington And District ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.

Russell Ball FCA D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB

10th November 2021

Page 4

YMCA WELLINGTON AND DISTRICT

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31st March 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
12,942
Other charitable activities
3
721,088
Investment income
4
1,167
Other income
34,126
Total
769,323
EXPENDITURE ON
Charitable activities
5
Provision of supported accommodation, floating
support & connected projects.
721,684
NET INCOME/(EXPENDITURE)
47,639
RECONCILIATION OF FUNDS
Total funds brought forward
307,455
TOTAL FUNDS CARRIED FORWARD
355,094		 Restricted
fund
£
-
-
-
-
-
-
-
184,674
184,674		 31.3.21
Total
funds
£
12,942
721,088
1,167
34,126
769,323
721,684
47,639
492,129
539,768		 31.3.20
Total
funds
£
34,355
607,657
1,087
-
643,099
677,914
(34,815)
526,944
492,129

The notes form part of these financial statements

Page 5

YMCA WELLINGTON AND DISTRICT

BALANCE SHEET

31st March 2021

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
9
176,214
Investments
10
302
176,516
CURRENT ASSETS
Debtors
11
49,780
Cash at bank and in hand
256,554
306,334
CREDITORS
Amounts falling due within one year
12
(36,749)
NET CURRENT ASSETS
269,585
TOTAL ASSETS LESS CURRENT
LIABILITIES
446,101
CREDITORS
Amounts falling due after more than one year
13
(91,007)
NET ASSETS
355,094
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
126,423
-
126,423
-
58,251
58,251
-
58,251
184,674
-
184,674		 31.3.21
Total
funds
£
302,637
302
302,939
49,780
314,805
364,585
(36,749)
327,836
630,775
(91,007)
539,768
355,094
184,674
539,768		 31.3.20
Total
funds
£
302,918
302
303,220
32,797
291,803
324,600
(39,303)
285,297
588,517
(96,388)
492,129
307,455
184,674
492,129

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

YMCA WELLINGTON AND DISTRICT

BALANCE SHEET - continued

31st March 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10th November 2021 and were signed on its behalf by:

H P Griffiths - Trustee

The notes form part of these financial statements

Page 7

YMCA WELLINGTON AND DISTRICT

CASH FLOW STATEMENT for the Year Ended 31st March 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash (used in)/provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.3.21
£
36,937
36,937
(9,721)
1,167
(8,554)
-
(5,381)
(5,381)
23,002
291,803
314,805		 31.3.20
£
(24,169)
(24,169)
(155,222)
1,087
(154,135)
103,388
-
103,388
(74,916)
366,719
291,803

The notes form part of these financial statements

Page 8

YMCA WELLINGTON AND DISTRICT

NOTES TO THE CASH FLOW STATEMENT

for the Year Ended 31st March 2021

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
31.3.21 31.3.20
£ £
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 47,639 (34,815)
Adjustments for:
Depreciation charges 10,002 9,733
Interest received (1,167) (1,087)
(Increase)/decrease in debtors (16,983) 16,708
Decrease in creditors (2,554) (14,708)
Net cash provided by/(used in) operations 36,937 (24,169)

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.20 Cash flow At 31.3.21
£ £ £
Net cash
Cash at bank and in hand 291,803 23,002 314,805
291,803 23,002 314,805
Debt
Debts falling due within 1 year (7,000) - (7,000)
Debts falling due after 1 year (96,388) 5,381 (91,007)
(103,388) 5,381 (98,007)
Total 188,415 28,383 216,798

The notes form part of these financial statements

Page 9

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on cost

Freehold property is not depreciated. The trustees are of the view that the level of ongoing repair and maintenance of the property will result in the residual value of the property at the end of its useful life being greater than its original cost. This is reviewed annually by the trustees.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 10

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2021

2.
DONATIONS AND LEGACIES
Donations
Sundry funding
3.
OTHER CHARITABLE ACTIVITIES
Supported accommodation & floating support - Furnished
accommodation
Supported accommodation & floating support - Thrive - Floating
support
Supported accommodation & floating support - Thrive -
Accommodation
Holly Project
Shire Project
Legacy funding
4.
INVESTMENT INCOME
Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Provision of supported accommodation,
floating support & connected projects.
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 31.3.21
£
11,628
1,314
12,942
31.3.21
£
416,067
65,663
102,903
80,555
28,847
27,053
721,088
31.3.21
£
1,167
31.3.21
£
10,002		 31.3.20
£
33,846
509
34,355
31.3.20
£
284,796
59,753
108,704
88,944
29,293
36,167
607,657
31.3.20
£
1,087
Direct
Costs
£
721,684
31.3.20
£
9,733

continued...

Page 11

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2021

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020.

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.21 31.3.20
Charitable activities 24 24

No employees received emoluments in excess of £60,000.

9.

TANGIBLE FIXED ASSETS

Freehold
property
£
COST
At 1st April 2020
281,296
Additions
-
At 31st March 2021
281,296
DEPRECIATION
At 1st April 2020
-
Charge for year
-
At 31st March 2021
-
NET BOOK VALUE
At 31st March 2021
281,296
At 31st March 2020
281,296
10.
FIXED ASSET INVESTMENTS
Other
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:
Charities Official Investment Fund		 Fixtures
and
fittings
£
20,865
900
21,765
10,098
2,784
12,882
8,883
10,767		 Computer
equipment
£
25,057
8,821
33,878
14,202
7,218
21,420
12,458
10,855
31.3.21
£
302
31.3.21
£
302		 Totals
£
327,218
9,721
336,939
24,300
10,002
34,302
302,637
302,918
31.3.20
£
302
31.3.20
£
302

continued...

Page 12

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2021

10. FIXED ASSET INVESTMENTS - continued

The value of the shares at the 31st March 2021 was £5,412 (2020 £4,349).

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Trade debtors 20,334 10,605
Prepayments 29,446 22,192
49,780 32,797
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Bank loans and overdrafts (see note 14) 7,000 7,000
Accrued expenses 29,749 32,303
36,749 39,303
13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.21 31.3.20
£ £
Bank loans (see note 14) 91,007 96,388
14. LOANS
An analysis of the maturity of loans is given below:
31.3.21 31.3.20
£ £
Amounts falling due within one year on demand:
Bank loans 7,000 7,000
Amounts falling between one and two years:
Bank loans - 1-2 years 6,900 6,900
Amounts falling due between two and five years:
Bank loans - 2-5 years 20,250 20,250
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal 63,857 69,238

continued...

Page 13

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2021

15. SECURED DEBTS

The following secured debts are included within creditors:

Bank loans
16.
MOVEMENT IN FUNDS		 31.3.21
£
98,007		 31.3.20
£
103,388
Unrestricted funds
General Fund - free funds
Major Repairs Fund
General Fund - income shortfall fund
Restricted funds
Restriced
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General Fund - free funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General Fund - free funds
Major Repairs Fund
General Fund - income shortfall fund
Restricted funds
Restriced
TOTAL FUNDS		 At 1.4.20
£
97,455
110,000
100,000
307,455
184,674
492,129
Incoming
resources
£
769,323
769,323
At 1.4.19
£
132,270
110,000
100,000
342,270
184,674
526,944		 Net
movement
At
in funds
31.3.21
£
£
47,639
145,094
-
110,000
-
100,000
47,639
355,094
-
184,674
47,639
539,768
Resources
Movement
expended
in funds
£
£
(721,684)
47,639
(721,684)
47,639
Net
movement
At
in funds
31.3.20
£
£
(34,815)
97,455
-
110,000
-
100,000
(34,815)
307,455
-
184,674
(34,815)
492,129		 At
31.3.21
£
145,094
110,000
100,000
355,094
184,674
539,768
47,639
At
31.3.20
£
97,455
110,000
100,000
307,455
184,674
492,129

continued...

Page 14

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2021

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund - free funds
TOTAL FUNDS		 Incoming
resources
£
643,099
643,099		 Resources
Movement
expended
in funds
£
£
(677,914)
(34,815)
(677,914)
(34,815)		 Resources
Movement
expended
in funds
£
£
(677,914)
(34,815)
(677,914)
(34,815)
(34,815)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General Fund - free funds
Major Repairs Fund
General Fund - income shortfall fund
Restricted funds
Restriced
TOTAL FUNDS		 At 1.4.19
£
132,270
110,000
100,000
342,270
184,674
526,944		 Net
movement
in funds
£
12,824
-
-
12,824
-
12,824		 At
31.3.21
£
145,094
110,000
100,000
355,094
184,674
539,768

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General Fund - free funds 1,412,422 (1,399,598 ) 12,824
TOTAL FUNDS 1,412,422 (1,399,598 ) 12,824

Unrestricted Fund - General Fund

The trustees have established a policy where the general fund should hold at least the equivalent of the costs of six months overheads, approximately £100,000, to enable the charity to continue if there was a short term significant drop in rental income or donations.

The remaining " free reserves" provide the trustees with the potential to consider, when appropriate, further property purchases. This would enable the provision of additional or improved housing accommodation for young people in the area.

Unrestricted Fund - Major Repairs Fund

Page 15

continued...

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2021

16. MOVEMENT IN FUNDS - continued

This represents funds to meet major repairs as and when they arise.

Restricted Fund - Wrekin Buildings Fund

This represents the net proceeds from the sale of part of Wrekin Buildings, Tan Bank, Wellington in the year ended 30th June 1995.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2021.

Page 16

YMCA WELLINGTON AND DISTRICT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2021

31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 11,628 33,846
Sundry funding 1,314 509
12,942 34,355
Other charitable activities
Supported accommodation & floating support -
Furnished accommodation 416,067 284,796
Supported accommodation & floating support -
Thrive - Floating support 65,663 59,753
Supported accommodation & floating support -
Thrive - Accommodation 102,903 108,704
Holly Project 80,555 88,944
Shire Project 28,847 29,293
Legacy funding 27,053 36,167
721,088 607,657
Investment income
Deposit account interest 1,167 1,087
Other income
Coronavirus Job Retention Scheme 34,126 -
Total incoming resources 769,323 643,099
EXPENDITURE
Charitable activities
Rent 124,533 92,319
Rates and insurance 17,561 10,801
Light and heat 16,703 8,232
Repairs and renewals 60,148 75,076
Salaries and pensions - Holly Project 44,253 43,202
Salaries and pensions - Other projects 43,822 36,352
Salaries and pensions - Furnished
Accommodation 225,552 215,362
Salaries and pensions - Thrive - Floating Support 44,130 46,119
Salaries and pensions - Thrive - Accommodation 70,519 67,227
Affiliation fee 1,894 2,327
Accountancy 3,350 3,300
Legal and professional fees - 8,926
Sundry expenses 19,619 17,458
Post and stationery 3,570 9,677
Training and Health and Safety 13,789 8,161
Step In / Up /Out 3,436 1,387
Carried forward 692,879 645,926

This page does not form part of the statutory financial statements

Page 17

YMCA WELLINGTON AND DISTRICT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2021

31.3.21 31.3.20
£ £
Charitable activities
Brought forward 692,879 645,926
Telephone 11,783 9,674
Holly Project costs 2,311 8,290
Other projects costs 353 2,350
Bank loan interest 4,356 1,941
Depreciation - fixtures 2,784 3,521
Depreciation - computers 7,218 6,212
721,684 677,914
Total resources expended 721,684 677,914
Net income/(expenditure) 47,639 (34,815)

This page does not form part of the statutory financial statements

Page 18