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2022-03-31-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 2022

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 2022

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 2022

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 2022. 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 2022

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

Chief Executive

Mrs M Mulley

President

Mr L Murray MBE

Company Secretary

Mrs L M Doran

Page 2

YMCA WELLINGTON AND DISTRICT

REPORT OF THE TRUSTEES for the Year Ended 31st March 2022

REFERENCE AND ADMINISTRATIVE DETAILS 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 12th October 2022 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 2022.

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

12th October 2022

Page 4

YMCA WELLINGTON AND DISTRICT

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31st March 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
11,790
Other charitable activities
3
651,146
Investment income
4
695
Other income
13,028
Total
676,659
EXPENDITURE ON
Charitable activities
5
Provision of supported accommodation, floating
support & connected projects.
733,507
NET INCOME/(EXPENDITURE)
(56,848)
RECONCILIATION OF FUNDS
Total funds brought forward
355,094
TOTAL FUNDS CARRIED FORWARD
298,246		 Restricted
fund
£
-
-
-
-
-
-
-
184,674
184,674		 31.3.22
Total
funds
£
11,790
651,146
695
13,028
676,659
733,507
(56,848)
539,768
482,920		 31.3.21
Total
funds
£
12,942
721,088
1,167
34,126
769,323
721,684
47,639
492,129
539,768

The notes form part of these financial statements

Page 5

YMCA WELLINGTON AND DISTRICT

BALANCE SHEET

31st March 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
9
172,942
Investments
10
302
173,244
CURRENT ASSETS
Debtors
11
54,816
Cash at bank and in hand
243,597
298,413
CREDITORS
Amounts falling due within one year
12
(88,095)
NET CURRENT ASSETS
210,318
TOTAL ASSETS LESS CURRENT
LIABILITIES
383,562
CREDITORS
Amounts falling due after more than one year
13
(85,316)
NET ASSETS
298,246
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
126,423
-
126,423
-
58,251
58,251
-
58,251
184,674
-
184,674		 31.3.22
Total
funds
£
299,365
302
299,667
54,816
301,848
356,664
(88,095)
268,569
568,236
(85,316)
482,920
298,246
184,674
482,920		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 2022

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 12th October 2022 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 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by 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
Loan repayments in year
Net cash used in 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		 31.3.22
£
(2,325)
(2,325)
(5,636)
695
(4,941)
(5,691)
(5,691)
(12,957)
314,805
301,848		 31.3.21
£
36,937
36,937
(9,721)
1,167
(8,554)
(5,381)
(5,381)
23,002
291,803
314,805

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 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
31.3.22 31.3.21
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (56,848) 47,639
Adjustments for:
Depreciation charges 8,908 10,002
Interest received (695) (1,167)
Increase in debtors (5,036) (16,983)
Increase/(decrease) in creditors 51,346 (2,554)
Net cash (used in)/provided by operations (2,325) 36,937

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 314,805 (12,957) 301,848
314,805 (12,957) 301,848
Debt
Debts falling due within 1 year (7,000) - (7,000)
Debts falling due after 1 year (91,007) 5,691 (85,316)
(98,007) 5,691 (92,316)
Total 216,798 (7,266) 209,532

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 2022

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 2022

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
Shine Project
Holly Project counselling & wellbeing
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		 31.3.22
£
5,217
6,573
11,790
31.3.22
£
412,319
57,832
100,117
79,506
-
1,372
651,146
31.3.22
£
695
31.3.22
£
8,908		 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
Direct
Costs
£
733,507
31.3.21
£
10,002

continued...

Page 11

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2022

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.

8. STAFF COSTS

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

31.3.22 31.3.21
Charitable activities 24 24

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

9.

TANGIBLE FIXED ASSETS

Freehold
property
£
COST
At 1st April 2021
281,296
Additions
-
At 31st March 2022
281,296
DEPRECIATION
At 1st April 2021
-
Charge for year
-
At 31st March 2022
-
NET BOOK VALUE
At 31st March 2022
281,296
At 31st March 2021
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
£
21,765
3,324
25,089
12,882
2,503
15,385
9,704
8,883		 Computer
equipment
£
33,878
2,312
36,190
21,420
6,405
27,825
8,365
12,458
31.3.22
£
302
31.3.22
£
302		 Totals
£
336,939
5,636
342,575
34,302
8,908
43,210
299,365
302,637
31.3.21
£
302
31.3.21
£
302

continued...

Page 12

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2022

10. FIXED ASSET INVESTMENTS - continued

The value of the shares at the 31st March 2022 was £5,881 (2021 £5,412).

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Trade debtors 8,346 20,334
Prepayments 46,470 29,446
54,816 49,780
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Bank loans and overdrafts (see note 14) 7,000 7,000
Trade creditors 407 -
Accrued expenses 80,688 29,749
88,095 36,749
13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£ £
Bank loans (see note 14) 85,316 91,007
14. LOANS
An analysis of the maturity of loans is given below:
31.3.22 31.3.21
£ £
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 58,166 63,857

continued...

Page 13

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2022

15. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£ £
Bank loans 92,316 98,007
16. MOVEMENT IN FUNDS
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 1.4.21
£
145,094
110,000
100,000
355,094
184,674
539,768
Incoming
resources
£
676,659
676,659
At 1.4.20
£
97,455
110,000
100,000
307,455
184,674
492,129		 Net
movement
At
in funds
31.3.22
£
£
(56,848)
88,246
-
110,000
-
100,000
(56,848)
298,246
-
184,674
(56,848)
482,920
Resources
Movement
expended
in funds
£
£
(733,507)
(56,848)
(733,507)
(56,848)
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		 At
31.3.22
£
88,246
110,000
100,000
298,246
184,674
482,920
(56,848)
At
31.3.21
£
145,094
110,000
100,000
355,094
184,674
539,768

continued...

Page 14

YMCA WELLINGTON AND DISTRICT

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2022

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
£
769,323
769,323		 Resources
Movement
expended
in funds
£
£
(721,684)
47,639
(721,684)
47,639		 Resources
Movement
expended
in funds
£
£
(721,684)
47,639
(721,684)
47,639
47,639

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 1.4.20
£
97,455
110,000
100,000
307,455
184,674
492,129		 Net
movement
in funds
£
(9,209)
-
-
(9,209)
-
(9,209)		 At
31.3.22
£
88,246
110,000
100,000
298,246
184,674
482,920

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 1,445,982 (1,455,191 ) (9,209)
TOTAL FUNDS 1,445,982 (1,455,191 ) (9,209)

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 2022

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 2022.

Page 16

YMCA WELLINGTON AND DISTRICT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2022

31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 5,217 11,628
Sundry funding 6,573 1,314
11,790 12,942
Other charitable activities
Supported accommodation & floating support -
Furnished accommodation 412,319 416,067
Supported accommodation & floating support -
Thrive - Floating support 57,832 65,663
Supported accommodation & floating support -
Thrive - Accommodation 100,117 102,903
Holly Project 79,506 80,555
Shine Project - 28,847
Holly Project counselling & wellbeing 1,372 27,053
651,146 721,088
Investment income
Deposit account interest 695 1,167
Other income
Coronavirus Job Retention Scheme 13,028 34,126
Total incoming resources 676,659 769,323
EXPENDITURE
Charitable activities
Rent 122,987 124,533
Rates and insurance 20,877 17,561
Light and heat 14,660 16,703
Repairs and renewals 44,343 60,148
Salaries and pensions - Holly Project 46,133 44,253
Salaries and pensions - Other projects - 20,648
Salaries and pensions - Furnished
Accommodation 241,655 225,552
Salaries and pensions - Thrive - Floating Support 42,285 44,130
Salaries and pensions - Thrive - Accommodation 68,991 70,519
Affiliation fee 3,309 1,894
Accountancy 3,350 3,350
Legal and professional fees 2,870 -
Sundry expenses 22,918 19,873
Post and stationery 5,380 3,570
Training and Health and Safety 6,020 13,789
Step In / Up /Out 8,830 3,436
Carried forward 654,608 669,959

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 2022

31.3.22 31.3.21
£ £
Charitable activities
Brought forward 654,608 669,959
Staff expenses 256 -
Telephone 13,806 11,783
Holly Project counselling & wellbeing 27,885 2,410
Shine Project 23,998 23,174
Bank loan interest 4,046 4,356
Depreciation - fixtures 2,503 2,784
Depreciation - computers 6,405 7,218
733,507 721,684
Total resources expended 733,507 721,684
Net (expenditure)/income (56,848) 47,639

This page does not form part of the statutory financial statements

Page 18