DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA **REGISTERED CHARITY NUMBER: 250527** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **FOR** ## **YMCA SCARBOROUGH** Lloyd Dowson Limited Medina House 2 Station Avenue Bridlington East Yorkshire YO16 4LZ DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA **YMCA SCARBOROUGH** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020** ||**Page**| |---|---| |**Report of the Trustees**|1 to 4| |**Independent Examiner's Report**|5| |**Statement of Financial Activities**|6| |**Balance Sheet**|7 to 8| |**Notes to the Financial Statements**|9 to 18| |**Detailed Statement of Financial Activities**|19 to 20| DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020** The trustees present their report with the financial statements of the charity for the year ended 30 September 2020. 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 Public benefit** YMCA Scarborough is an independent, locally focussed charity which is also part of a worldwide organisation. Rooted in the seaside town of Scarborough, we have a long and proud heritage, having been in existence since 1846. The ward in the immediate area where we are based in Scarborough continues to be disproportionately affected by poverty with 41% of children in the Castle ward being shown as living in poverty. Scarborough also continues to be recorded as the local authority with the lowest mean gross salary in the UK. The effects of poverty reach far beyond lacking material goods where the immediate consequences of poverty can include relationship and family problems, lower educational achievement and being a victim or a perpetrator of crime. Worse, poverty itself is systemic and hard to escape - living in poverty in childhood increases the risk of unemployment and low pay in adulthood, and lower savings in later life. ## The difference our work makes: Our work continues to offer a range of opportunities that local people are unlikely to be able to access in any other single place. Empowering people to take part in activities which others may take for granted has immediate benefits for those involved - wider social networks, new skills and boosted confidence - but has a broader positive impact for the whole community. For example, the youth work we provide means that young people have positive evening activities to engage with - and as such, are much less likely to become a victim or perpetrator of crime. For the increasing number of people who present to us struggling with confidence and self-esteem issues, we know that it's important for them to engage in a wider range of education- and employment-related activities, where they can see demonstrable results to their developing skills and achievements. We do this by providing opportunities for activities which result in public approval (such as performance) as well as tangible achievements (like a London College of Music award). We know that the volunteering and social opportunities we offer children and young people are invaluable - improving their future employment prospects and teaching them how to work as part of a team. This is particularly crucial for those young people who do not excel academically, giving them a chance to shine in a different arena, and building their resilience. We know that the work we do continues to make a real difference to people's lives with previous feedback from young people attending our youth club showed that the majority had gained new skills as a result of attending. The same group of young people were overall lacking in confidence to try new things when they first started attending but after attending events at the YMCA the vast majority continued to describe themselves as either extremely confident or quite confident. ## **ACHIEVEMENT AND PERFORMANCE** A review of the Association's activities for the year will be found in the Annual Report for the year ended 30 September 2020. In compiling this report the trustees have given due regard to public benefit guidance issued by the Charity Commission. Due to the Government lockdown restrictions introduced as a result of the COVID-19 pandemic, the YMCA was closed at the end of March 2020, and for most of the remainder of the accounting year. In March 2020, the Board urgently set out a survival plan to ensure that the YMCA was able to reduce costs and continue business going forward. Page 1 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **FINANCIAL REVIEW** The Statement of Financial Activity shows a net deficit for the year of £55,600 (2019 - surplus of £17,349) and the Balance Sheet shows net unrestricted assets of £836,172 (2019 - £849,056) with much of these assets attributable to the net book value of the freehold property. Whilst continuing to seek new sources of finance for the key activities, the trustees will also maintain careful financial control. By doing so the unrestricted general funds can be augmented to provide the necessary resources for the enhancement and extension of the facilities with which the charity will continue to serve the changing needs of the public as it has done since 1846. The trustees gratefully acknowledge the support of all our donors and funders. Such grants enable the charity to carry on the services it provides. The long term reserves policy is to hold sufficient investments and net current assets reserves to cover over six months expenditure, so as to ensure as far as possible the continuation of the charity's activities in the event of significant shortfalls in anticipated income. At 30 September 2020 these reserves represented just under 7 months expenditure which is slightly lower than the previous year. The impact of the COVID-19 pandemic meant that the YMCA was forced to close from mid March 2020 and for most of the 2020 year, followed by subsequent periods of lockdown in 2021. At the time of closure, the Board set out a survival plan to reduce costs and ensure its financial stability going forward. ## **FUTURE PLANS** Work will review our Business, Financial and Marketing Plans, assessing progress to date and making any necessary changes. We will continue to strengthen the quality of our offer, including the implementation of our new Volunteer Strategy and we will assess the viability of establishing an in-house mental health resource to better-support those in need. We will embrace the new YMCA Membership Agreement, bringing to a conclusion the work to update our Constitution, and signing-up by the end of March 2020. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Recruitment and appointment of new trustees** Under the requirements of the charity's Memorandum and Articles all trustees must retire after an agreed period when they can then be re-elected at the next Annual General Meeting. The Board seeks to ensure that the trustees have the necessary knowledge and experience to ensure that the operations of the charity are adequately addressed. In order to promote a broad mix, members of the Board are requested to provide a list of their skills and in the event of particular skills not being available, individuals with that particular experience are approached to offer themselves for election to the Board. ## **Induction and training of new trustees** Most trustees are already familiar with the practical work of the charity, but new trustees are invited to attend short tours and training sessions to familiarise themselves with the workings of the charity and context within which it operates. These are held with other trustees of the charity and cover: - Obligations of the trustees. - The main purpose of the charity and work undertaken. - Resourcing and current financial position of the charity. - Future plans and objectives. A review process is being undertaken to ensure that the process of appointing new trustees is sufficiently detailed. Page 2 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA **YMCA SCARBOROUGH** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Young Men's Christian Association Scarborough (YMCA) is an unincorporated association governed by its constitution. It is a registered charity which is affiliated to the National Council of YMCA's, a separate registered charity. Under its constitution, the administration of the Association is controlled and directed by the board of Management, which consists of the President, Chairman and Treasurer of the Association, ex-officio and either two of the Trustees, or, if the National Council of Young Men's Christian Associations Incorporated is a trustee of such property, then a person to be appointed by the National Council, (who need not be a member of the National Council), in either case together with not less than six nor, more than twelve members of the Association, who shall be elected at the Annual Business Meeting. The regular reports received at Board meetings enable the Board to monitor the major risks to which the Association is exposed so that necessary steps can be taken to mitigate these risks, as well as planning for future development. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 250527 ## **Principal address** St Thomas Street Scarborough North Yorkshire YO11 1DY ## **Trustees** S A Slade Treasurer N D Leadley Mrs A I Kitching (resigned 17.7.20) M D Dresser B Mustoe Chairman H Watts P Carney (resigned 31.7.20) Mrs D L Gordon (resigned 16.7.20) S Bromham Mrs A M Benson (resigned 30.4.20) Mrs T Calcraft (appointed 31.3.22) ## **Independent Examiner** Lloyd Dowson Limited Medina House 2 Station Avenue Bridlington East Yorkshire YO16 4LZ Page 3 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA **YMCA SCARBOROUGH** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **REFERENCE AND ADMINISTRATIVE DETAILS Board members** All the trustees are also Board members. ## **Custodian Trustee** YMCA England ## **President** T Boyes ## **Bankers** Barclays Bank plc PO Box 13 St. Nicholas Street Scarborough YO11 2HS Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ B Mustoe - Trustee Page 4 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YMCA SCARBOROUGH** ## **Independent examiner's report to the trustees of YMCA Scarborough** I report to the charity trustees on my examination of the accounts of YMCA Scarborough (the Trust) for the year ended 30 September 2020. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 Institute of Chartered Accountants England and Wales which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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. Tracy Meredith-Baker, FCA, FCCA Institute of Chartered Accountants England and Wales Lloyd Dowson Limited Medina House 2 Station Avenue Bridlington East Yorkshire YO16 4LZ Date: ............................................. Page 5 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**114,039**
**Charitable activities**
Activities and leadership
**37,234**
Leisure centre
**57,401**
Other trading activities
3
**81,212**
Investment income
4
**5,824**
**Total**
**295,710**
**EXPENDITURE ON**
Raising funds
5
**40,788**
**Charitable activities**
Activities and leadership
**58,345**
Leisure centre
**208,597**
**Total**
**307,730**
Net gains/(losses) on investments
**(15,328) **
**NET INCOME/(EXPENDITURE)**
**(27,348)**
**Transfers between funds**
15
**14,464 **
**Net movement in funds**
**(12,884)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**849,056**
**TOTAL FUNDS CARRIED FORWARD**
**836,172**|Restricted
funds
£
**39,411**
**-**
**-**
**-**
**-**
**39,411**
**4,297**
**62,782**
**584**
**67,663**
**-**
**(28,252)**
**(14,464)**
**(42,716)**
**48,519**
**5,803**|**30.9.20**
**Total**
**funds**
**£**
**153,450**
**37,234**
**57,401**
**81,212**
**5,824**
**335,121**
**45,085**
**121,127**
**209,181**
**375,393**
**(15,328) **
**(55,600)**
**-**
**(55,600)**
**897,575**
**841,975**|30.9.19
Total
funds
£
155,026
9,779
55,407
179,499
6,098
405,809
83,179
133,347
168,281
384,807
(3,653)
17,349
-
17,349
880,226
897,575| |---|---|---|---| The notes form part of these financial statements Page 6 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **BALANCE SHEET 30 SEPTEMBER 2020** |Notes
**FIXED ASSETS**
Tangible assets
9
Investments
10
**CURRENT ASSETS**
Stocks
11
Debtors: amounts falling due within one year
12
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**PROVISIONS FOR LIABILITIES**
14
**NET ASSETS**|Unrestricted
fund
£
**743,373**
**131,143**
**874,516**
**4,220**
**4,430**
**58,034 **
**66,684**
**(23,101)**
**43,583**
**918,099**
**(81,927)**
**836,172**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**9,303**
**9,303**
**(3,500)**
**5,803**
**5,803**
**-**
**5,803**|**30.9.20**
**Total**
**funds**
**£**
**743,373**
**131,143**
**874,516**
**4,220**
**4,430**
**67,337 **
**75,987**
**(26,601)**
**49,386**
**923,902**
**(81,927)**
**841,975**|30.9.19
Total
funds
£
769,153
146,925
916,078
6,935
15,426
79,569
101,930
(22,120)
79,810
995,888
(98,313)
897,575| |---|---|---|---|---| The notes form part of these financial statements continued... Page 7 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA **YMCA SCARBOROUGH** ## **BALANCE SHEET - continued 30 SEPTEMBER 2020** |**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**836,172**
**5,803**
**841,975**|849,056
48,519| |---|---|---| |||897,575| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. B Mustoe - Trustee ............................................. S A Slade - Trustee ............................................. H Watts - Trustee ............................................. N D Leadley - Trustee ............................................. M D Dresser - Trustee ............................................. S Bromham - Trustee ............................................. Mrs T Calcraft - Trustee The notes form part of these financial statements Page 8 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **Going concern - COVID-19** The financial statements have been prepared on the going concern basis of accounting, which assumes that the charity is able to continue operating as a going concern. As at the date of approval of these financial statements, the UK is still facing some uncertainty due to the global COVID-19 pandemic and the ongoing disruption to business and charitable operations. The charity was affected by the introduction of restrictions introduced by the UK Government to combat the pandemic, which meant that the charity closed its doors at the end of March 2020 and did not open again until late 2020, subsequently the charity has seen encouraging user numbers due to the public wanting to take part in activities. However, the charity was closed again due to further lockdown's in November 2020 and from early January 2021 to April 2021. The trustees are of the opinion that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis of accounting remains appropriate. ## **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. Freehold property - 2% on cost Fixtures, fittings and equipment - 15% on reducing balance ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from 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. continued... Page 9 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Grants and donations** Revenue grants and donations are recognised in the Statement of Financial Activities on receipt, subject to any required conditions being met or services being provided. ## **Donated goods, services and facilities** Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the friends is not recognised. Readers should refer to the trustees' annual report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. ## **Investments** The investments are stated at market value at the balance sheet date and are managed by Brewin Dolphin plc. ## **2. DONATIONS AND LEGACIES** Restricted grants received in the year are as follows: BBC Children in Need - £3,411 (2019 - £12,922) NYCC Stronger Communities - £34,000 (2019 - £26,180) Scarborough Borough Council lighting - £2,000 (2020 - £Nil) Other material grants were received from the following sources: Two Ridings Community Foundation - £15,000 (2019 - £6,870) YMCA National, Covid-19 support - £15,000 (2019 - Nil) Scarborough Borough Council. Covid-19 support - £25,000 (2019 - £Nil) ## **3. OTHER TRADING ACTIVITIES** |Own theatre productions
Outside theatre lettings
Coffee and theatre bars
Photocopying
Other theatre productions|**30.9.20**
**£**
**35,750**
**16,202**
**25,463**
**696**
**3,101 **
**81,212**|30.9.19
£
71,096
30,472
60,080
1,478
16,373| |---|---|---| |||179,499| continued... Page 10 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **4. INVESTMENT INCOME** |**4.**|**INVESTMENT INCOME**||| |---|---|---|---| |||**30.9.20**|30.9.19| |||**£**|£| ||Interest received|**78**|91| ||Investment income|**5,746**|6,007| |||**5,824**|6,098| |**5.**|**RAISING FUNDS**||| ||**Investment management costs**||| |||**30.9.20**|30.9.19| |||**£**|£| ||Investment management fees|**455**|338| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019. ## **7. STAFF COSTS** The average monthly number of employees during the year was as follows: ||**30.9.20**|30.9.19| |---|---|---| |Activities and leadership|**18**|17| |Cleaners|**2**|2| ||**20**|19| No employees received emoluments in excess of £60,000. continued... Page 11 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020** |**8.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
61,790
**Charitable activities**
Activities and leadership
9,779
Leisure centre
55,407
Other trading activities
179,499
Investment income
6,098
**Total**
312,573
**EXPENDITURE ON**
Raising funds
68,443
**Charitable activities**
Activities and leadership
128,788
Leisure centre
142,859
**Total**
340,090
Net gains/(losses) on investments
(3,653)
**NET INCOME/(EXPENDITURE)**
(31,170)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
880,226
**TOTAL FUNDS CARRIED FORWARD**
849,056|Restricted
funds
£
93,236
-
-
-
-
93,236
14,736
4,559
25,422
44,717
-
48,519
-
48,519|Total
funds
£
155,026
9,779
55,407
179,499
6,098
405,809
83,179
133,347
168,281
384,807
(3,653)
17,349
880,226
897,575| |---|---|---| continued... Page 12 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **9. TANGIBLE FIXED ASSETS** |**COST**
At 1 October 2019
Additions
At 30 September 2020
**DEPRECIATION**
At 1 October 2019
Charge for year
At 30 September 2020
**NET BOOK VALUE**
At 30 September 2020
At 30 September 2019
**10.**
**FIXED ASSET INVESTMENTS**
Shares
Investment cash
Additional information as follows:
**MARKET VALUE**
At 1 October 2019
Revaluations
At 30 September 2020
**NET BOOK VALUE**
At 30 September 2020
At 30 September 2019|Freehold
property
£
**737,091**
**-**
**737,091 **
**58,978**
**14,742**
**73,720**
**663,371**
678,113|Fixtures,
fittings
and
equipment
Totals
£
£
**388,466**
**1,125,557**
**3,080**
**3,080**
**391,546**
**1,128,637 **
**297,426**
**356,404**
**14,118**
**28,860**
**311,544**
**385,264 **
**80,002 **
**743,373**
91,040
769,153
**30.9.20**
30.9.19
**£**
£
**124,855**
144,949
**6,288**
1,976
**131,143**
146,925
Cash and
settlements
pending
£
**144,949**
**(20,094)**
**124,855**
**124,855**
144,949| |---|---|---| There were no investment assets outside the UK. continued... Page 13 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **10. FIXED ASSET INVESTMENTS - continued** Investments comprising more than 5% of the total value of the portfolio are: |||**30.9.20**|**30.9.20**|30.9.19|30.9.19| |---|---|---|---|---|---| |||**£**||£|| ||Link Trojan Fund Income||**13,624**||14,914| ||River & Mercantile UK Equity||**10,337**||10,803| ||Threadneedle Investment UK Equity||**11,398**||13,035| ||Edinburgh Investment Trust||**7,775**||10,109| ||Murray Income Trust||**10,950**||13,437| ||Artemis Fund Managers Global||**-**||10,216| ||BNY Mellon Fund||**8,656**||9,410| ||Law Debenture Corporation||**9,648**||11,009| ||Witan Investment Trust||**8,813**||-| ||Jupiter Managers Strategic Bond||**6,575**||-| ||Investments (neither listed nor unlisted) were as follows:||||| |||**30.9.20**||30.9.19|| ||||**£**||£| ||Cash||**6,288**||1,976| |**11.**|**STOCKS**||||| |||**30.9.20**||30.9.19|| ||||**£**||£| ||Stock||**4,220**||6,935| |**12.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |||**30.9.20**||30.9.19|| ||||**£**||£| ||Trade debtors||**27**|11,900|| ||Other debtors||**3,185**||-| ||VAT||**594**||-| ||Prepayments||**624**||3,526| ||||**4,430**|15,426|| continued... Page 14 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||**30.9.20**|30.9.19| |---|---|---| ||**£**|£| |Trade creditors|**7,844**|11,776| |Taxation and social security|**6,043**|5,462| |Other creditors|**12,714**|4,882| ||**26,601 **|22,120| ## **14. PROVISIONS FOR LIABILITIES** The liability is due as follows: |Within one year
One to five years
Over five years
As at 1 October 2019
Payments made
As at 30 September 2020|**30.09.20**
**£**
**16,386**
**65,541**
**-**
**81,927**
**30.09.20**
**£**
**98,313**
**(16,386) **
**81,927**|30.09.19
£
16,386
65,544
16,383
98,313
30.9.19
£
114,699
(16,386)
98,313| |---|---|---| Scarborough YMCA has been notified by the YMCA Pension Plan of their allocation of the contributions required towards the overall deficit of the YMCA Pension Plan (see note 17). The monthly payment amount also includes a contribution towards scheme expenses. ## **15. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**Restricted funds**
BBC Children in Need
NYCC Stronger Communities
Sirius Minerals Foundation
Postcode Community Trust
**TOTAL FUNDS**|At
1.10.19
£
**849,056**
**7,173**
**4,500**
**22,382**
**14,464 **
**48,519**
**897,575**|Net
movement
in funds
£
**(27,348)**
**(7,173)**
**1,303**
**(22,382)**
**-**
**(28,252)**
**(55,600) **|Transfers
between
funds
£
**14,464**
**-**
**-**
**-**
**(14,464)**
**(14,464)**
**-**|At
30.9.20
£
**836,172**
**-**
**5,803**
**-**
**-**| |---|---|---|---|---| |||||**5,803**| |||||**841,975**| Page 15 continued... DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **15. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
BBC Children in Need
NYCC Stronger Communities
Sirius Minerals Foundation
SBC Lighting
**TOTAL FUNDS**|Incoming
resources
£
**295,710**
**3,411**
**34,000**
**-**
**2,000**
**39,411**
**335,121**|Resources
expended
£
**(307,730)**
**(10,584)**
**(32,697)**
**(22,382)**
**(2,000) **
**(67,663)**
**(375,393) **|Gains and
Movement
losses
in funds
£
£
**(15,328)**
**(27,348)**
**-**
**(7,173)**
**-**
**1,303**
**-**
**(22,382)**
**-**
**-**
**-**
**(28,252)**
**(15,328) **
**(55,600) **| |---|---|---|---| ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
BBC Children in Need
NYCC Stronger Communities
Sirius Minerals Foundation
Postcode Community Trust
**TOTAL FUNDS**|At
1.10.18
£
880,226
-
-
-
-
-
880,226|Net
movement
in funds
£
(31,170)
7,173
4,500
22,382
14,464
48,519
17,349|At
30.9.19
£
849,056
7,173
4,500
22,382
14,464
48,519
897,575| |---|---|---|---| Page 16 continued... DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **15. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
BBC Children in Need
NYCC Stronger Communities
Sirius Minerals Foundation
Postcode Community Trust
Big Lottery Awards
Trusthouse Charitable Foundation
**TOTAL FUNDS**|Incoming
resources
£
312,573
12,922
26,180
27,000
19,989
3,683
3,462
93,236
405,809|Resources
expended
£
(340,090)
(5,749)
(21,680)
(4,618)
(5,525)
(3,683)
(3,462)
(44,717)
(384,807)|Gains and
Movement
losses
in funds
£
£
(3,653)
(31,170)
-
7,173
-
4,500
-
22,382
-
14,464
-
-
-
-
-
48,519
(3,653)
17,349| |---|---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
NYCC Stronger Communities
Postcode Community Trust
**TOTAL FUNDS**|At
1.10.18
£
880,226
-
-
-
880,226|Net
movement
in funds
£
(58,518)
5,803
14,464
20,267
(38,251)|Transfers
between
funds
£
14,464
-
(14,464)
(14,464)
-|At
30.9.20
£
836,172
5,803
-
5,803
841,975| |---|---|---|---|---| continued... Page 17 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **15. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
BBC Children in Need
NYCC Stronger Communities
Sirius Minerals Foundation
Postcode Community Trust
Big Lottery Awards
Trusthouse Charitable Foundation
SBC Lighting
**TOTAL FUNDS**|Incoming
resources
£
608,283
16,333
60,180
27,000
19,989
3,683
3,462
2,000
132,647
740,930|Resources
expended
£
(647,820)
(16,333)
(54,377)
(27,000)
(5,525)
(3,683)
(3,462)
(2,000)
(112,380)
(760,200)|Gains and
Movement
losses
in funds
£
£
(18,981)
(58,518)
-
-
-
5,803
-
-
-
14,464
-
-
-
-
-
-
-
20,267
(18,981)
(38,251)| |---|---|---|---| ## **16. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 September 2020. ## **17. PENSION COMMITMENTS** The Scarborough YMCA participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCA's in England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of Scarborough YMCA and at the year end these were invested in managed funds in the Mercer Dynamic De-risking Solution, 40% matching portfolio and 60% in the growth portfolio and Schroder (property units only). The most recent completed three year valuation was at 1 May 2017. The assumptions used which have the most significant effect on the results of the valuation are those relating to the assumed rates of return on assets held before and after retirement of 3.75% and 2.25% respectively, the increase in pensions in payment of 3.35% (for RPI capped at 5% p.a.) and the average life expectancy from normal retirement age (of 65) for a current male pensioner of 22.2 years, female 24.1 years, and 24.0 years for a male pensioner, female 26.0 years, retiring in 20 years time. The result of the valuation showed that the actuarial value of the assets was £141.2m. This represented 81% of the benefits that had accrued to members. The Pension Plan was closed to new members and future service accrual with effect from 30 April 2007. With the removal of the salary linkage for benefits, all employed deferred members became deferred members as from 1 May 2011. The valuation prepared as at 1 May 2017 showed that the YMCA Pension Plan had a deficit of £33.6m. Scarborough YMCA has been advised that it will now need to make monthly payments of £1,397 from 1 May 2019. This amount is based on the current actuarial assumptions (as outlined above) and may vary in the future as a result of actual performance of the Pension Plan. The current recovery period is 8 years commencing 1 May 2019. In addition, Scarborough YMCA may have over time liabilities in the event of the non payment by other participating YMCA's of their share of the YMCA Pension Plan's deficit. It is not possible currently to quantify the potential amount that Scarborough YMCA may be called upon to pay in the future. Page 18 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** |**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**||| |---|---|---| |**FOR THE YEAR ENDED 30 SEPTEMBER 2020**||| ||30.9.20|30.9.19| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Grants and donations|**153,450**|155,026| |**Other trading activities**||| |Own theatre productions|**35,750**|71,096| |Outside theatre lettings|**16,202**|30,472| |Coffee and theatre bars|**25,463**|60,080| |Photocopying|**696**|1,478| |Other theatre productions|**3,101 **|16,373| ||**81,212**|179,499| |**Investment income**||| |Interest received|**78**|91| |Investment income|**5,746**|6,007| ||**5,824**|6,098| |**Charitable activities**||| |Activities and leadership|**9,002**|9,779| |Rental income|**36,282**|55,407| |Job Retention Scheme grants|**49,351 **|-| ||**94,635**|65,186| |**Total incoming resources**|**335,121**|405,809| |**EXPENDITURE**||| |**Other trading activities**||| |Own theatre production costs|**19,275**|40,560| |Coffee and theatre bars|**16,351**|30,055| |Licences|**3,627**|3,769| |Youth Club|**4,297**|5,992| |Other theatre productions cost|**-**|62| |Arts award|**1,080**|2,403| ||**44,630**|82,841| |**Investment management costs**||| |Investment management fees|**455**|338| |**Charitable activities**||| |Wages|**216,347**|177,764| |Social security|**10,068**|8,476| |Pensions|**4,033**|6,275| |Carried forward|**230,448**|192,515| This page does not form part of the statutory financial statements Page 19 DocuSign Envelope ID: 005F1F80-4231-42D4-B032-6258648077FA ## **YMCA SCARBOROUGH** |**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**||| |---|---|---| |**FOR THE YEAR ENDED 30 SEPTEMBER 2020**||| ||30.9.20|30.9.19| ||£|£| |**Charitable activities**||| |Brought forward|**230,448**|192,515| |Cleaning|**3,489**|4,499| |Leases|**-**|1,393| |Insurance|**8,988**|8,934| |Light and heat|**19,565**|21,107| |Premises - rates and telephone|**3,915**|3,830| |Post and stationery|**3,056**|2,690| |Marketing and advertising|**4,316**|7,134| |Sundries|**2,261**|2,210| |Training expenses|**1,529**|1,543| |Subscriptions|**1,363**|1,549| |Repairs|**10,870**|16,719| |Credit card charges|**1,092**|1,444| |Bank charges|**229**|145| |Professional fees|**5,250**|-| |Depreciation of freehold property|**14,742**|14,742| |Depreciation of fixtures and fittings|**14,118**|16,066| ||**325,231**|296,520| |**Support costs**||| |**Governance costs**||| |Accountancy|**5,077**|5,108| |Total resources expended|**375,393**|384,807| |**Net (expenditure)/income before gains and**||| |**losses**|**(40,272)**|21,002| |**Unrealised recognised gains and losses**||| |Unrealised gains/losses on fixed asset||| |investments|**(15,328) **|(3,653)| |**Net (expenditure)/income**|**(55,600) **|17,349| This page does not form part of the statutory financial statements Page 20