**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:
- To provide residential accommodation for young people, who are in need, hardship or distress by reason of their social, physical, emotional, spiritual or economic circumstances;
- To provide or assist in the provision, in the interests of social welfare, of facilities for recreation and other leisure time occupation for men and women with the object of improving their conditions of life;
- To provide or assist in the provision of education for people of all ages and in particular young people, with the object of developing their physical, mental or spiritual capacities;
- And to relieve or assist in the relief of people of all ages and in particular young people, who are in conditions of need, hardship or distress by reason for their social, physical, emotional, spiritual or economic circumstances. We do this through offering Short Term Supported Accommodation and floating support through the Thrive Partnership.
## **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
3. 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
4. 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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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