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2021-03-31-accounts

Page
Charity Reference and Administrative Details
Chair's Foreword
Trustees'
Annual
Report
Independent
Auditors		 Report 16
Statement ofFinancial Activities 19
Group and Company Balance Sheet 20
Group statement
ofCash Flows		 21
Notes to the Financial Statements 22

CHARITY REFERENCE REFERENCE AND ADMIN AND ADMIN ISTRATIVE
D		 ETAIL S
Company Registration Number 00734870
Charity Registration Number 243017
Registered Social Landlord Number H2676
Chair I Sackree FCCA
Deputy Chair C Trigg MBE (Resigned Sept 2020)
Treasurer G Bratby
Other Trustees M Botterill
R Whittaker
BCurtis
R Mair
D Barron (resigned June 2021)
J Latham
C Burke
Professor
N		 Curry
J Henwood
S Melbourne
BYoung (resigned July 2021)
A Showell (resigned March 2021)
M Sturgess (resigned Sept 2020)
SSmith (resigned Feb 2021)
Dr R Mackenzie
(resigned
Feb 2021)
E Strengiel (resigned Jan 2021)
Chief Executive Officer C Killeavy
Deputy CEO G Jackson (Appointed Nov 2019,Resigned April 2020)
Corporate Services Director M Ward
Director of Housing S Turner
Director of Communities A Thomas
(Appointed		 April 2020, Resigned Nov 2020)
Director of Communities C Kirkwood (Appointed Dec2020)
Registered Office St Rumbolds Street
Lincoln
Lincolnshire LN2 5AR
Banker NatWest Bank Pic
135Bishopsgate
London EC2M 3UR
Auditors Wright Vigar
15Newland
Lincoln LN1 1 XG
Solicitors Chattertons
St Swithin's Court
1 Flavian Road
Lincoln LN2 4 GR

RSH Ref RSH Ref Metric Metric 2020 -21 2019-20
Reinvestment % p.p 30.3%
2a New
supply		 as a % of current 2.8% 24%
units
2b New supply (non-housing) as % 0.0% 0 0%
oftotal units
Gearin 25 0% -8.9
EBITDA MRI interest cover 3.1 73.6
Headline Social housing cost per 913,048 E11,660
unit
Operating Margin (Social 10.6% 6 4'/
Housi
6b 0 eratin
Mar
in		 Overall 6 6'/ 33.1%
Return
on Ca
ital		 Em
lo		 ed 2.9% 179%
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee as defined by the Companies Act 2006. It is
governed by its Memorandum and Articles ofAssociation as revised in 2019.

Conaogdatad
Statement ofFinancial Acfivities, including		 Conaogdatad
Statement ofFinancial Acfivities, including		 Conaogdatad
Statement ofFinancial Acfivities, including		 Conaogdatad
Statement ofFinancial Acfivities, including		 Conaogdatad
Statement ofFinancial Acfivities, including		 eenaogdated income and expendhurn forthe year ended 31March forthe year ended 31March 2021
unrestrkted Restricted Endowment 2021Total 2020Total
Notes Funds funds Funds Funds Funde
6 6
Income
Donations
and Legacies		 2 104,903 1,000 105,903 204,515
Donation from Community Lines 2 1,464,294
Income from charitable activities
Housing and Support 2,108,137 37,541 2,145,678 2,828,119
Nomad
Homeless Project		 433,986 3,750 437,736 323,888
Nursery
and Chfidcare		 460,015 3,808 463,823 473,000
Sports and Fitnem 20,263 20,360 40,623 104,978
The Showroom 79,88D 23,284 103,164 203,260
Other 106,126 106,126 21,868
Service Level Agreements 207,442 207A42 27,103
projects 818,374 818,374 156,752
Income from other trading activities
Commercial
trading activity		 125,084 125,084 312,196
Investment
income		 43 43 266
Total Income 3,6452iyg 90$,117 4,553,995 6,120,239
Expenditure
Fundra ising costs 59,756 59,756 39,376
Co mme rcia I trading activity 104,290 104,290 228,956
Expenditure
an charitable		 activities
Housing and Support 8 1,701,592 37,092 1,738,684 1,549,479
Nomad
Homeless Project		 8 570,873 570,873 491,096
Nursery
and Childcare		 8 406,964 3,600 410,564 446,576
Sports and Fitness 8 77,409 27,902 105,312 159,847
The Showroom 8 314,093 18,059 332,152 342,497
Other 8 53,866 53,866 27,811
Service Level Agreements 8 65,266 65,266 40,236
projects 8 814,594 814,594 354,140
Total resources expended 3,354,209 90L248 4,255+57 5,680,014
Net Gains/(losses)
on investments		 10,177
Net (deficit)/income
before tax for the		 year 291,769 6,869 298,63$ 2,4507I02
Tax payable
Net (deficit)/income
and		 net movement in funds for the year 291,769 6,869 29$,638 2/ISD/I02
unrealised
gains/(losses)		 on revaluation offixed assets assets (7,000) (7,000) 13,707
Net Income/(expendltuse) before transfers 284,769 62tgg 291,IB8 Erigrh209
Gross transfer between
funds		 175,034 (65,002) (110,032)
Net Income/(expenditure) before other recognised gains and
losses 4592I03 - 58,1M (110,032) 291,638 2,464,109
Other recognised
gains/(Losses)
Actua ria I (loss)/gain
on defined benefit pension scheme		 (54,500) (54500)
Net Movement
in funds		 405,303 - 5$,133 (110,IB2) 237,138 Eri64,209
Reconcillstlon
offunds
Total funds brought forwanl (as previously stated) 5,120ri83 4,268/uB 110,032 9,398,963 7,276,778
Priror year adjustments (341,924)
Total funds carried forward 5,525,786 4,110,315 9,636,101 9,398,964

2021 2021 2020
Notes Group Company Group Company
6 6
Fixed Assets
Tangible assets 12 8,369,142 8,369,142 8,490,700 8,490,700
Investments 13 1 1
8,369,142 8,369,143 8,490,700 8,490,701
Current Assets
Stocks 12,253 12,253 16,062 11,934
Debtors 14 755,873 790,265 965,153 953,268
Cash at bank and in hand 1,791,324 1,782,190 1,087,574 1,087,233
2,559,450 2,584,708 2,068,789 2,052,435
Creditors
Amounts
falling due within one year		 15 (555,127) (553,644) (418,678) (411,455)
Net Current Assets 2,004,323 2,031,064 1,650,111 1,640,980
Total Assets less curmnt liabilities 10,373,465 10,400,206 10,140,811 10,131,681
Creditors
Amounts
falling due after		 more than one year 16 (737,361) (737,361) (741,848) (741,848)
Net Assets 9636~103 gp662~844 9' 98 963 9389 833
Funds 19
Unrestricted funds 3,755,599 3,782,340 3,343,296 3,310,141
Revaluation reserve 1,770,187 1,770,187 1,777,187 1,777,187
Total unrestricted funds 5,525,786 5,552,527 5,120,483 5,087,328
My place capital grant 2,911,849 2,911,849 2,919,248 2,919,248
Other restricted funds 1,198,468 1,198,468 1,249,200 1,273,225
Endowment funds 110,032 110,032
TotalFunds 9,636,103 9,662,844 9,398,963 9,389,833

Notes Group Company Group Company
6 6 6 6
Cash provided
by/(used
in)		 operating activities 20 760,920 754,244 1,510,621 1,523,011
Cash flows from investing
activities
Interest Income 43 43 266 266
Investment
disposal
Cash inflow from Community (inca 159,312 159,312
Purchase oftangible
fixed assets		 (10,668) (10,668) (1,485,801) (1485801)
Cash provided
by/(used
in)		 investing activities (10,625) (10,625) (1,326,223) (1,326,223)
Cash flows from financing
activities
Interest
Paid		 (14,294) (14,294) (13,837) (13,837)
New loan 190,000 190,000
Repayment
of borrowings		 (32252) (32252) 36,561) (36561)
Cash provided
by/(used
in) financing		 activities (46,546) (46,546) 139,602 139,602
Increase/(decrease)
in cash		 and cash equivalents in the year 703,749 697,074 461,264 473,655
Cash and cash equivalents
at		 the beginning ofthe year 1,087,574 1,099,947 626,310 626292
Total cash and cash equivalents at the end ofthe year 1,791,323 1,797,021 1,087,574 1,099,947

Investments Investments
Investments
(other than the investment
in subsidiary)
am stated at market value.
Income from the Fixed Asset Investments
is recognised as itis earned
and credited directly to the Gertrude
Alice Major Grant Fund.
The net increase
in the fund
value from income, realised and unrealised
changes to market value, and investment
management
charges are accounted
for across both the endowment
and restricted elements ofthe find, with income snd costs afiocated to maintain
the capital
fund value.
The investment
in subsidiary
is stated at cost.
Stocks
Stocks are values at the lower ofcost and net realisable
value, after making
due allowance
forobsolete and slow moving
items.
Donated
items ofstocks are valued st50%oftheir anticipated
sale price which is considered
to be what the charity
would have been willing to pay for items on the open market.
Debtors
Trade and other debtors are recognised
at the setfiement
amount due after any trade discount offered.
Prepayments
sre
valued at the amount prepaid net ofany trade discounts due.
Cash at bank and in hand
Cash st bank and cash in hand includes cash and short term highly
liquid investments
with a short maturity ofthree months
or less from the date ofacquisition
oropening ofthe deposit or similar amount.
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 offunds toa third parly and the amount due to settle the obligation can be measured
or
estimated
reliably.
Creditors and provisions
are normally
recognised
at their settlement
amount after allowing
for any trade
discounts due.
(m) Pension costs and other retirement
beneff ts
Lincolnshire
YMCA participated
in a multi-employer
defined benefit pension
plan for employees
ofYMCAs In England,
Scotland and Wales, which was closed to new members
and accruals from 30April 2007. The plan's actuary has advised
that it is not possible to separately
identify the assets and liabilities
relating to Lincolnshire
YMCA, therefore the scheme		 is
accounted
forasa defined
contribution
scheme.
As described
in the notes tothe accounts Lincolnshire
YMCA has a contractual
obligation
to make pension deficit
payments
over the period to April 2029. The value of liability is 526,489 per annum
inflating
at 3%each year.
A discount
rate of2.25% - 3.75% has been applied.
In addition,
Lincolnshire
YMCA is required to contribute
to the operating
expenses ofthe Pension
Plan and these costs are charged to the Statement ofFinancial
Activities as made.
The charity offers a defined contribution
scheme into which staff are auto-enrolled.
Contributions
in respect ofthe pension
scheme are charged to the profit and loss on an accruals basis. The costs sre allocated across unrestricted
and restricted
funds
in line with the associated salary costs. The charity contributes
5%ofthe employees
salary to the pension scheme.
(n) Financial Instruments
Only basic financial
instruments
as defined
in FRS102are held.
Financial assets and financial
liabilities are recognised		 in
the accounts only when the entity becomes party to the contractual
provisions ofthe instrument
and their measurement
basis isas follows:
Financial assets -trade and other debtors are basic financial
instruments
and sre debt instruments
measured
at amortised
cost. Prepaym ants are not financial instruments.
Cash at bank is dassified as a basic financial
instrument
and is measures
at transaction
price.
Financial
liabilities - trade creditors, accruals and other creditors sre basic financial
instruments,
and are measured
at
amortised
cost. Where a financial
liability constitutes a financing
transaction
it is initially and subsequently
measured
at the
present value offuture payments,
discounted
at a market rate ofinterest.

2021
Trading Subsidiary 130,589
Rocm him - Trading Subsidiary 18,975 94,100
Oflice leasing 3,545
HMRC JRSFudough Grant Funding 56,351
Conference income 45,421
Other 9,770
Communifies
-Trading		 40,758 28,591
Acfndles lor gwlwsflng funds 312,106
5 Invsstmsnt
income
2021
6
Deposit account hltwcsl 43
43
6 Fundraising
costs
2021 2020
9 6
Fundraising 59,756 29,070
Investment
management		 costs ID,307
39376
7 Costs otOther Trading Acthrltles
2021 2020
6 F.
Tredlrg subsidisiy 104,290 2D5,448
Office leashg
Dsslgll nodi 23,505
8 Eupendgure
on Charitable		 Activities
Direct costa Support sosls Total
5 2 8
Housing 6suppon 1,233,650 505,034 1,735,$!4
Nomad
Homeless
Pro)ems		 422,235 148,638 570,873
Nursery
and Childcare		 349,360 61,204 410,564
Spons and Ffinsss 56,0D2 48,410 105,312
Ths Showroom 253,462 78,691 332,152
Ogmr 32,824 21,042
Service Level Agresmsnts (Commurdy Uncs) 65,266 65,266
Pro)eels (Commonly Lirns) 814,594 814,594
3228 293 M3 018 4091 311

2021 2020
Wages and salaries 2,130,704 1,966,144
Employers National Insurance 158,245 126,721
Pension contributions 90,988 87,148
2,379,937 2,180,013
Employees
Average number ofpersons
employed
during the year		 (including part time employees) 2021f 2020
6
Housing 26 28
Nomad Homeless
Projects		 13 14
Nursery
and		 Childcars 23 24
Sports and Fitness 5 5
The Showroom 30 32
Management and support 18 19
Communities 9 8
124 130

Land and Land and
Buildings Buildings My Place Capital Grant
(Social (Non- Plant and Land and Plant and
Housing)
f		 Social) machinery
f		 buildings
f		 machinery
f
Cost
At 1 April 2020 4,892,794 448,363 975,766 2,900,000 633,913 9,850,836
Additions 10,668 10,668
Disposals (84,226) (20,000) (104,226)
Revaluation (92,000) 85,000 (7,000)
Reclassification/Transfer (112,000) 109,746 (2,254)
At 31March 2021 4,688,794 533,363 1,011,954 2,900,000 613,913 9,748,024
Depreciation
At 1 April 2020 745,471 614,665 1,360,136
Charge for year 88,953 16,418 105,371
On disposals (79,963) (20,000) (99,963)
Depredation Adj. 22,358 (9,019) 13,339
At 31 March 2021 776,819 602,064 1,378,883
Net book value
at 31 March 2020
At 31March 2021 4,688,794 533,363 235,135 2,900,000 11,849 8,369,141

Cash and Shams in
Listed settlements group
Investments pending Total undertakings
8 8 2 8

Group Group Company Group Company
8 6 8
Trade Debtors 146,348 135,724 272,077 251,826
Amounts
due from group companies		 45,016 8,366
Prepayments
and accrued income		 86,319 86,319 40,228 40,228
Grants Receivable 523,206 523,206 652,848 652,848
755,873 790,265 965,153 953,268
Creditors: Amounts Falling Due Within One Year
2021 2020
Group Company Group Company
6 8 8
Bank loans and overdrafls 47,665 47,665 49,601 49,601
Trade creditors 202,526 202,369 164,512 160,363
Taxation and social security 83,396 83,396 104,339 102,264
Accruals and deferred income 155,725 154,399 34,327 33,327
Provision for Pension deficit 61,175 61,175 58,221 58,221
Other creditors 4,640 4,640 7,678 7,678
555,127 553,644 418,678 411,455
Creditors: Amounts Falling Due After More Than One Year
2021 2020
Group Company Group Company
8 6
Bankloans 572,326 572,326 602,642 602,642
Provisions
for Pension		 deficits 165,035 165,035 139,206 139,206
737,361 737,361 741,848 741,848

2021 2020
Loan Loan
Asset Value
6		 NSV
6		 Valuef NBV
6
4Vernon Street 34,135 150,000 38,810 150,000
NatWest bank loan secured
on the properly
-charge
dated 9 October 2012
4Arboretum View NatWest bank loan secured 31,458 125,000 35,429 125,000
on land and buildings-
charge dated 9October
2012
4 Monks Way NatWest bank loan secured 110,131 200,000 114,545 200,000
on land and buildings-
charge dated 31October
2014
Rasen House NatWest bank loan secured 444,267 401,493 463,459 401,493
on land and buildings—
charge dated 12August
2016and additional
charge
in year dated 28August
2019

Notes tothe Financial Staternentn Staternentn Staternentn for Ihe Year ended Ihe Year ended 31 Mamh 2021 31 Mamh 2021
19 M
Ml FM
As tl AprS
2020		 P'
y
awushnent		 Net
M
'hmds		 Transfers
bel
Iuhds		 A
t31
INarch 2021
Value v m
0 0
Uhlesnldad
luhdn
G
If
d		 3210,951 265,137 (122,392) 3,361,095
Trading subsidiary 21,772 (27,860) (6,097)
Rmwlunlhn
wsewe		 I 777,107 P,OM) 1,770,107
Deelghaled sleds
N*mad Sbeh
rPro)cd
Major re p aim rmerve 102,574 102,574
MaMI projectc Fuhd 207 426 20742S
5,120,403 230,2C9 175,034 5,525,705
Resbicled funds
My PI
g
t
Showroom
Amwib		 cenue 2,010240
S.cia		 P,S99)
12,624		 (3,409) 2,011,049
14,753
Gh
dA0
M j
N~d - 5
many		 lu
Sh		 d
h		 60104
237.032		 1,000 (60,104l 230,032
Houslhg 16422 ('IM) 15,607
Sp
m e d fit es		 40.110 P,542) l29,0!m) 3,506
2,015 205,110 20,304 235,525
Nomad
Cap IIIPm)ect
Fram Cammanlb Lines
AgeFd nwyEcalc
R'g Ldl n F mf-Ag		 dmyml
p IMI
r
inygnmrGNN		 27.310
704,570		 (15,054)
1198,360)		 II,M5
500,210
!30Energy savng Netwom Oct19
Mg Enenb Samg Nehmm Ocr20
Age Fnendly Furums
D2N2 Compsci		 0,703 (041)
(e,ter)		 liwl)
3,056
LNN ONIFICt 5,041 (5M) 4,405
Dive Neanlg
Og
R
higC		 I' (Il
50220		 I
59910		 110,745
RtNINI
Irr Dlrnrwcl		 (1361 3,070 2,934
CNNICahg
OINN		 otNI es 070 (18,007) 40,012
RAFSoemplon 21 035 (21,035)
nagtan
Nnl r. N'		 t rsamg comm pecnemrnp 1,5M 1,5M
ConnecTED
4I00,440 0,071 (05,M2) 4,110,318
Ehdtwmlent
luhdn
Gntrude
Alhe Major		 tund 110C32 ~tin 032
110,032 (lie,tGZ)
TOTAL FUNDS 9 00 963 237,140 ~9030103
Net movemenl
m funds mcluded above am asfoecws,
Inurning Rssca cm
p
dm		 Gd
los		 ad Nt vs
fu
d
0
U weblcled lands
Gme al fund 3,570,552 3,249,019 (54,500) 200233
Trading subsidiem 75,326 104,200 (20,WI4)
RevmueUon
reuenw		 p,oco) p,ooo)
Deslgn4ted
fonda
N
debit
p jm
Meicl lspnes resslvs
Designated
Funds
3 045,078 3,354,100 (01,500) 230,200
Restricted funds
My Place grant
Shmm
Actwib		 cont 23284 10,000 (7,3M) (7,3IM)
12,024
Genmde Ance Mgor fund
N m d- E
ge cySh*u		 1,000 1,000
Hmmhg 27,753 27,753
Sports and fitness 20,360 27,902 (7,542)
0th 201,510 762M 205,116
Nomad
Capual Prnlect
Fnm Camnmnsy
Lame
Ag F'
dlyE
1LI d		 yP' w IOE 21,155 Ze.aoe i15,654)
Sig Lonely Fund. Ageing saner Grant 203,032 402,190 (190,307)
Age Fd
dly Fm		 e,eee 6207 (041)
D2N2 Compad 4,500 10,697 (6,197)
Luce Compact 3,013 4,3S0 (006)
Ot
N
0gcp		 1,768 1,700
Reaching Commueiec 155,970 96,051 59,919
Women h Sudness \4,693 11,023 3,070
C
mgC		 10,957 (18,MI)
RAF Scamptml 19,427 40,462 (21,D35)
11,402 11,492
Anglian
Wbl r- IV		 fw S wc Comm Pem SMVF 6,000 4,500 1,500
LCFNet 9,900 9,900
DEccom 10 1200 1,500
DECO Ocl20 4,500 4,500
9D0,118 893040 p,300) 0,071
Ehdounlent
fahdt
Gertrude
Ance Major		 tund
TOTAL FUNDS 4 553090 4 247 057 ~MSM 237 140

Within ons One to two Two to five After five ARer more
year years years years than one year Total
6
As at 31 March 2021 26,489 25,718 72,745
As at 31 March 2020 25,717 27,774 80,985 28,265 137024 162741

Rekrted Party Transactions corn
Transactions
with related parties		 during the year were ss follows:-
In
sf
Connected
person		 Details oftransaction (Expenditure)
the year		 In Debtor/ (Creditor)
at 31March 2020
Bishop Burton College Training fees 1,750
University
ofLincoln		 Room Hire 1,975
YMCA England
(National Council)		 Affilia3onibmnd fees (11,795)
YMCA England 5 Wales Advertising
Materials		 100
YMCA Derbyshire
(Member ofthe
Council)		 National Server Back Up Fees 6,000 1,000
YMCA Manchester Advertising
Materials
I Sackres - Chairman
ofthe Board		 Rent (At Cost) (1,792)