YMCA Scarborough
Report of the Trustees and Unaudited Financial Statements for the Year Ended
30 September 2022
Registered Charity Number: 250527
Ashby Berry Coulsons
Chartered Accountants
Two Belgrave Crescent Scarborough
YMCA Scarborough
Contents of the Financial Statements for the Year Ended 30 September 2022
Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
YMCA Scarborough
Reference and Administrative Details for the Year Ended 30 September 2022
| President | T Boyes |
|---|---|
| Trustees | B Mustoe Chair Retired 30 September 2022 |
| S Slade Treasurer | |
| S Bromham | |
| T Calcraft | |
| M D Dresser | |
| N D Leadley Retired January 2022 | |
| H Watts | |
| Custodian trustee | YMCA England |
| Principal address | St Thomas Street |
| Scarborough | |
| North Yorkshire | |
| YO11 1DY | |
| Registered charity number | 250527 |
| Independent examiner | Ashby Berry Coulsons |
| 2 Belgrave Crescent | |
| Scarborough | |
| North Yorkshire | |
| YO11 1UB | |
| Bankers | Barclays Bank plc |
| PO Box 13 | |
| St Nicholas Street | |
| Scarborough | |
| North Yorkshire | |
| YO11 2HS | |
| Investment managers | RBC Brewin Dolphin |
| 10 Wellington Place | |
| Leeds | |
| LS1 4AN |
Page 1
YMCA Scarborough
Report of the Trustees for the Year Ended 30 September 2022
The trustees present their report with the financial statements of the charity for the year ended 30 September 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
YMCA Scarborough has the objects:
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To advance the Christian Faith, including by:
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a) Promoting a Christian environment inspired and motivated by the life, example and teaching of Jesus Christ, where people of faith and people of none can work together for the transformation of communities.
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b) Enabling people of all ages and in particular young people, to flourish through experience and responding to the love of God demonstrated by the life, example and teaching of Jesus Christ.
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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.
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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.
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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 of their social, physical, emotional, spiritual or economic circumstances.
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To provide residential accommodation, including social housing, for people of all ages in particular young people who are in need, hardship or distress by reason of their social, physical, emotional, spiritual or economic circumstances.
YMCA Scarborough is open to all people of faith and those of none.
YMCA Scarborough works towards these objects by providing a range of services. Our flagship project is the YMCA Theatre, the Theatre provides a platform for our youth work as well as providing a supportive community. The Theatre is a training community theatre and as such a majority of its performances have young people primarily involved, both on and off stage. The Theatre also provides voluntary opportunities, and the social benefits of volunteering to people of all ages, primarily in the theatre space.
YMCA Scarborough provides room hire to numerous organisations such as Power Dance Company and Yorkshire Coast School of Ballet that teach young people skills in performing arts.
We operate our own activities including Camp Sandcastle, Ju-jitsu and Y-Perform. Although these activities provide training in specific skills, they have a wider purpose. All of these activities provide young people with safe spaces, places to vent, and places to develop soft skills.
In the management of the charity the trustees have given due regard to public benefit guidance issued by the Charity Commission.
Page 2
YMCA Scarborough
Report of the Trustees for the Year Ended 30 September 2022
Achievement and performance
The YMCA Theatre had some 160 performances during this year, attended by over 20,000 people. These shows had cast members of within the age range of about three years up to nearly eighty. Throughout YMCA Scarborough we an estimated footfall of over 100,000 people. We had over 50 volunteers support our paid staff team giving hundreds of hours of support. Mainly working in the theatre either front of house or backstage.
Our main achievement is through the personal development of the (mainly) young people involved in the charity’s activities. As well as learning to work together as a team the performers and backstage staff grow in confidence as they acquire and develop new skills, and many new friendships are formed during the course of rehearsals and productions. Some of our young people go on to jobs in the theatre industry whether as performers or technicians. Most do not, but all develop socially and emotionally as a result of their involvement and say they have enjoyed participating in the various activities.
Financial review
The statement of Financial Activity shows a deficit for the year of £87,473 (2021: surplus of £17,877) before unrealised loss/gains on investments. 2021’s income had been boosted by some £90,000 of Covid support funding, whilst 2022’ s expenditure includes a £20,000 adjustment in respect of the deficit liability on the historic defined benefit pension scheme. The Balance Sheet shows net unrestricted assets of £773,796 (2021£880,184) with much of these assets attributable to the net book value of the freehold property. Unrestricted liquid assets, including the investment portfolio amounted to £135,798.
While 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 meet the changing needs of the community
The trustees gratefully acknowledge the contributions of all our donors and funders. Their grants and donations enable us to continue to provide the services and opportunities which we offer.
Our long-term reserves policy is to hold sufficient investments and current assets to cover at least six months expenditure in order to ensure as far as possible the continuation of the charity’s activities in the event of a significant shortfall in expected income. At 30 September 2022 these reserves represented just over six months’ expenditure. The trustees consider YMCA Scarborough to be a going concern.
YMCA Scarborough recognises possible concern relating to its participation in a defined benefit pension scheme. Appropriate action has been taken: The scheme was closed to new members in 2007, and the link to final salary broken in 2011. Additional contributions continue to be made to reduce the deficit. As part of the YMCA federation, the multi-employer scheme is run by an independent board of trustees with employer representation through the Principal Employer, the National Council of YMCAs. The pension scheme trustees obtain an actuarial valuation every three years and we have considered the implications to the charity’s finances from the latest available actuarial valuation. We have reviewed the charity’s ability to continue to deliver its charitable objectives by ensuring budgets, forecasts and plans are available and include the impact of the deficit repayments. The trustees included the impact of pension scheme deficit repayments in considering going concern status, reserves, and the risks and uncertainties that the charity face noted elsewhere in this Report.
YMCA Scarborough benefits from the pension scheme trustees and the Principal Employer seeking suitable specialist profession advice both to manage the scheme and in the continuing effort to explore ways of reducing the overall pension deficit. The notes to the Accounts include an accounting policy and further details in Note 19.
Page 3
YMCA Scarborough
Report of the Trustees for the Year Ended 30 September 2022
Future plans
The trustees believe that it’s time to bring the transition from survival to growth. The trustees plan to employ a General Manager to lead the organisation on behalf of the trustees, to develop and implement a strategy for ongoing growth.
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.
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 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 withing which it operates. These are held with other Trustees of the charity and cover:
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Obligations of the Trustees.
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The main purpose of the charity and work undertaken.
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Resourcing and current financial position of the charity.
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Future plans and objectives.
Trustees’ attention is drawn to the resources available from the Charity Commission
At the end of this year Bill Mustoe stood down as Chair, the Trustees wish to thank Bill for his service to YMCA Scarborough. Stephen Slade took the position as Chair on the first day of the next year, with Tracy Calcraft taking the position of Vice Chair.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. S Slade - Trustee
Page 4
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 2022.
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 member of the Institute of Chartered Accountants in 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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Anne Mead BSc FCA
Ashby Berry Coulsons 2 Belgrave Crescent Scarborough North Yorkshire YO11 1UB
Date: .............................................
Page 5
YMCA Scarborough
Statement of Financial Activities for the Year Ended 30 September 2022
| Unrestricted fund Notes £ Income and endowments from Donations and legacies 2 57,418 Charitable activities 5 Community Hub 76,839 Other trading activities 3 155,084 Investment income 4 5,778 Other income 6,000 Total 301,119 Expenditure on Raising funds 6 191,800 Charitable activities 7 Community Hub 198,909 Total 390,709 Net gains/(losses) on investments (16,798) NET INCOME/(EXPENDITURE) (106,388) Reconciliation of funds Total funds brought forward 880,184 Total funds carried forward 773,796 |
Restricted fund £ 33,160 - - - - 33,160 - 31,043 31,043 - 2,117 2,458 4,575 |
2022 Total funds £ 90,578 76,839 155,084 5,778 6,000 334,279 191,800 229,952 421,752 (16,798) (104,271) 882,642 778,371 |
2021 Total funds £ 171,174 81,787 45,263 5,091 14,089 317,404 74,294 225,233 299,527 22,790 40,667 841,975 882,642 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
YMCA Scarborough
| Balance Sheet 30 September 2022 Notes Fixed assets Tangible assets 12 Investments 13 Current assets Stocks 14 Debtors 15 Cash at bank and in hand Creditors Amounts falling due within one year 16 Net current assets Total assets less current liabilities Creditors Amounts falling due after more than one year 17 Provisions for liabilities 18 NET ASSETS Funds 21 Unrestricted funds Restricted funds Total funds |
2022 £ 701,829 134,956 836,785 4,150 14,620 33,149 51,919 (51,077) 842 837,627 (59,256) - 778,371 773,796 4,575 778,371 |
2021 £ 727,704 153,208 880,912 4,150 13,619 108,542 126,311 (59,039) 67,272 948,184 - (65,542) 882,642 880,184 2,458 882,642 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. S Slade - Trustee
............................................. H Watts - Trustee
continued...
Page 7
YMCA Scarborough
Notes to the Financial Statements for the Year Ended 30 September 2022
1. Accounting policies
Basis of preparing the financial statements
YMCA Scarborough is an unincorporated charity governed by a deed of trust. The address of the registered office is given in the charity information on page 1 of these financial statements. The charity's objects and principal activities are to advance the Christian faith and to provide facilities, activities and support for people of all ages and in particular young people, with the objects of improving their conditions of life, developing their physical, mental or spiritual capacities and relieving conditions of need, hardship or distress.
Basis of preparing the financial statements
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Judgements and key sources of estimation uncertainty
The trustees consider that no judgements, apart from those involving estimates, have been made in the process of applying the above accounting policies which have had a significant effect on amounts recognised in the financial statements.
The trustees consider that no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date have been made which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Comparatives
The charity’s activity classifications have been updated for 2021-22 to better reflect current circumstances. As a consequence, staff costs relating to the theatre are shown under raising funds costs in this year’s Statement of Financial Activities, rather than as costs of charitable activities. The original analysis of the comparative figures is given in Note 11. There is no overall effect on the total expenditure for the comparative year.
continued...
Page 8
YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
1. Accounting policies - continued
Comparatives- continued
The liability for the deficit on the former defined benefit pension scheme is shown under liabilities falling due within and after 1 year for 2021-22. The comparative amount is disclosed as a provision, in line with the treatment in previous years.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised at fair value when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.
Donated 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.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees' Annual Report.
On receipt, donated professional services and donated facilities are recognised on the basis of the fair 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.
Fixed asset gifts in kind are recognised when receivable and are included at fair value. The income is not deferred over the life of the asset.
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 settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.
Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs.
continued...
Page 9
YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
1. Accounting policies - continued
Expenditure - continued
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include administrative and governance costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.
Irrecoverable VAT
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Freehold property - 2% on cost - Fixtures, fittings and equipment 15% on reducing balance
Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted mid-market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout t
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.
continued...
Page 10
YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
1. Accounting policies - continued
Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The charity contributes to a defined contribution workplace pension plan for the benefit of its employees. Contributions are charged to the statement of financial activities in the period to which they relate.
Termination payments are recognised as a liability and an expense when the charity is committed to terminate the employment of an employee.
Defined benefit pension scheme deficit
YMCA Scarborough participated in a multi-employer defined benefit pension plan for employees of YMCAs in England, Scotland and Wales, which was closed to new members and accruals on 30 April 2007. Due to insufficient information, the plan's actuary has advised that it is not possible to separately identify the assets and liabilities relating to YMCA Scarborough
As described in note 19 YMCA Scarborough has a contractual obligation to make pension deficit payments of £12,939 pa over the period to April 2029 (2021: £12,562 pa), accordingly this is shown as a liability in these accounts. In addition, YMCA Scarborough is required to contribute £3,065 pa (2021: £2,808 pa) to the operating expenses of the Pension Plan and these costs are charged to the Statement of Comprehensive Income as made.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of future income and expenditure. In their view, these are sufficient for the charity to be able to continue as a going concern for at least 12 months from the date of authorisation of these financial statements.
2. Donations and legacies
| Donations (2021: grants and donations) Grants |
2022 £ 45,586 44,992 90,578 |
2021 £ 171,174 - 171,174 |
|---|---|---|
£33,160 (2021: £28,346) of the above income was attributable to restricted and £57,418 (2021: £142,828) was attributable to unrestricted funds.
There were no unfulfilled conditions or other contingencies attaching to grants recognised in income for the year ended 30 September 2021.
continued...
Page 11
YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
2. Donations and legacies - continued
Grants received, included in the above, are as follows:
| Restricted grants – see Note 21 for details Scarborough Borough Council Covid support Covid SSP Kickstart Kickstart training YMCA National fund 2021 Other Covid support 3. Other trading activities Fundraising events Own theatre productions Outside theatre productions Coffee and theatre bars Photocopying Other theatre productions |
2022 £ 33,160 4,000 193 6,139 1,500 - - 44,992 2022 £ 258 86,737 18,224 48,556 1,309 - 155,084 |
2021 £ 28,346 26,572 - - - 15,000 32,049 101,967 2021 £ - 27,547 4,827 10,207 472 2,210 45,263 |
|---|---|---|
All the above income for the current and preceding year was attributable to unrestricted funds.
4. Investment income
| Interest received Investment income |
2022 £ 1 5,777 5,778 |
2021 £ 3 5,088 5,091 |
|---|---|---|
All the above income for the current and preceding year was attributable to unrestricted funds.
continued...
Page 12
YMCA Scarborough
Notes to the Financial Statements - continued
for the Year Ended 30 September 2022
5. Income from charitable activities
| Income from charitable activities | ||
|---|---|---|
| Activity Activities Community Hub Lettings Community Hub JRS grants Community Hub |
2022 £ 13,587 63,252 - 76,839 |
2021 £ 8,813 39,769 33,205 |
| 81,787 |
6. Expenditure on raising funds
Other trading activities
| Own theatre production costs Coffee and theatre bars Licences Fundraising costs Other theatre expenses |
2022 £ 113,187 28,170 2,744 184 46,060 190,345 |
2021 £ 63,928 5,469 901 - 3,271 |
|---|---|---|
| 73,569 |
All the above expenditure for the current and preceding year was attributable to unrestricted funds.
Investment management costs
| Investment management fees | 2022 £ 1,455 |
2021 £ 725 |
|---|---|---|
All the above expenditure for the current and preceding year was attributable to unrestricted funds. Aggregate amounts for the cost of raising funds 191,800 74,29
continued...
Page 13
YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
7. Charitable activities costs
| Charitable activities costs | ||||
|---|---|---|---|---|
| Community Hub Comparatives for charitable activities costs Community Hub |
Direct Costs £ 225,952 220,032 |
Support costs (see note 8) £ 4,000 5,201 |
Totals £ 229,952 |
|
| 225,233 |
£31,043 (2021: £29,262) of the above costs were attributable to restricted funds and £198,909 (2021: £195,971) of the above costs were attributable to unrestricted funds.
All the above expenditure for the current year was attributable to unrestricted funds. In the preceding year, £6,569 of direct costs was restricted.
8.
| Support costs Independent examiner’s remuneration |
Governance 2023 2022 £ £ 4,000 5,201 |
|---|---|
9. Trustees' remuneration and benefits
No remuneration was paid to any of the trustees (2021: £nil).
Trustees' expenses
No expenses were paid to any of the trustees (2021: £nil).
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Page 14
YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
10. Staff costs
| Wages and salaries Social security costs Other pension costs |
2022 £ 136,065 2,581 3,226 141,872 |
2021 £ 143,897 3,678 10,106 157,681 |
|---|---|---|
The average monthly number of employees during the year was as follows:
| Theatre Hub Cleaners |
2022 3 11 2 16 |
2021 3 8 2 |
|---|---|---|
| 13 |
No employees received emoluments in excess of £60,000.
The full time equivalent number of staff at 31 October 2021 was 10.
In addition to paid staff, volunteers are crucial to delivering services and keeping the charity running.
The liability and expense relating to the employer's costs of the defined contribution workplace pension scheme are allocated between restricted and unrestricted funds in line with the funding of the relevant staff members.
11. Comparatives for the statement of financial activities
| Unrestricted fund £ Income and endowments from Donations and legacies 142,828 Charitable activities Community Hub 81,787 Other trading activities 45,263 Investment income 5,091 Other income 14,089 Total 289,058 Expenditure on Raising funds 38,079 |
Restricted fund £ 28,346 - - - - 28,346 2,428 |
Total funds £ 171,174 81,787 45,263 5,091 14,089 317,404 40,507 |
|---|---|---|
Page 15
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YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
11. Comparatives for the statement of financial activities - continued
| Charitable activities Community Hub Total Net gains on investments NET INCOME/(EXPENDITURE) Reconciliation of funds Total funds brought forward Total funds carried forward 12. Tangible fixed assets Cost At 1 October 2021 Additions At 30 September 2022 Depreciation At 1 October 2021 Charge for year At 30 September 2022 Net book value At 30 September 2022 At 30 September 2021 |
Unrestricted fund £ 229,757 267,836 22,790 44,012 836,172 880,184 Freehold property £ 737,091 - 737,091 88,462 14,763 103,225 633,866 648,629 |
Restricted Total fund funds £ £ 29,263 259,020 31,691 299,527 - 22,790 (3,345) 40,667 5,803 841,975 2,458 882,642 Fixtures and fittings Totals £ £ 403,529 1,140,620 720 720 404,249 1,141,340 324,454 412,916 11,832 26,595 336,286 439,511 67,963 701,829 79,075 727,704 |
|---|---|---|
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YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
13. Fixed asset investments
| Listed investments £ Market value At 1 October 2021 148,161 Additions - Disposals - Revaluations (16,784) At 30 September 2022 131,377 Cost At 30 September 2022 117,043 14. Stocks Stock 15. Debtors: amounts falling due within one year Trade debtors Other debtors VAT Prepayments 16. Creditors: amounts falling due within one year Trade creditors Social security and other taxes Other creditors Pension deficit contributions Accrued expenses |
Cash and settlements pending £ 5,047 30,668 (32,136) - 3,579 3,579 2022 £ 4,150 2022 £ 4,639 445 570 8,966 14,620 2022 £ 23,105 1,105 5,882 12,939 8,046 51,077 |
Cash and settlements pending £ 5,047 30,668 (32,136) - 3,579 3,579 2022 £ 4,150 2022 £ 4,639 445 570 8,966 14,620 2022 £ 23,105 1,105 5,882 12,939 8,046 51,077 |
Totals £ 153,208 30,668 (32,136) (16,784) 134,956 120,622 2021 £ 4,150 2021 £ 1,370 - 986 11,263 13,619 2021 £ 22,721 2,399 - - 33,919 59,039 |
|---|---|---|---|
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Page 17
YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
17. Creditors: amounts falling due after more than one year
| Pension deficit contributions due in 2-5 years Pension deficit contributions due in more than 5 years 18. Provisions for liabilities Defined benefit pension scheme deficit |
2022 £ 48,095 11,161 59,256 2022 £ - |
2021 £ - - - 2021 £ 65,542 |
|---|---|---|
19. Defined benefit pension scheme deficit
YMCA Scarborough participated in a contributory pension plan providing defined benefits based on final pensionable pay for employees of YMCAs in England, Scotland and Wales. The assets of the YMCA Pension Plan are held separately from those of YMCA Scarborough and at the year end these were invested in the Mercer Dynamic De-risking Solution, 62% matching portfolio and 38% in the growth portfolio and Schroder (property units only).
The most recent completed three year valuation was as at 1 May 2020. 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 2.59% and 1.09% respectively, the increase in pensions in payment of 2.99% (for RPI capped at 5% p.a.), and the average life expectancy from normal retirement age (of 65) for a current male pensioner of 22.0 years, female 24.4 years, and 23.7 years for a male pensioner, female 26.1 years, retiring in 20 years’ time. The result of the valuation showed that the actuarial value of the assets was £146.1m, which represented 79% 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 2020 showed that the YMCA Pension Plan had a deficit of £39 million. YMCA Scarborough has been advised that it will need to make monthly contributions of £12,939 from 1 May 2023. 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. Agreed future deficit contributions have been discounted using a rate of 3% (2022: 3%). The current recovery period is 6 years commencing 1st May 2023. The discounted amounts repayable are shown in Notes 16 and 17 above.
In addition, YMCA Scarborough may have over time liabilities in the event of the non-payment by other participating YMCAs of their share of the YMCA Pension Plan’s deficit. It is not possible currently to quantify the potential amount that YMCA Scarborough may be called upon to pay in the future.
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YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
20. Analysis of net assets between funds
| Unrestricted fund £ Fixed assets 701,829 Investments 134,956 Current assets 47,344 Current liabilities (51,077) Long term liabilities (59,256) Provision for liabilities - 773,796 |
Restricted fund £ - - 4,575 - - - 4,575 |
2022 Total funds £ 701,829 134,956 51,919 (51,077) (59,256) - 778,371 |
2021 Total funds £ 727,704 153,208 126,312 (59,039) - (65,542) 882,643 |
|---|---|---|---|
Comparatives for analysis of net assets between funds
| Fixed assets Investments Current assets Current liabilities Provision for liabilities |
Unrestricted Fund £ 727,704 153,208 98,853 (34,039 ) (65,542) 880,184 |
Restricted fund £ - - 27,458 (25,000) - 2,458 |
2021 Total funds £ 727,704 153,208 126,311 (59,039) (65,542) 882,642 |
|---|---|---|---|
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YMCA Scarborough
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
21. Movement in funds
| 30 September 2021 £ Unrestricted funds General fund 880,184 ––––––– Restricted funds BBC Children in Need 2,386 Camp Sandcastle summer holiday club 72 YMCA Band - Youth Mental Health Project - New boiler - ––––––– 2,458 ––––––– Comparatives £ Unrestricted funds General fund 836,172 ––––––– Restricted funds BBC Children in Need - Camp Sandcastle summer holiday club - NYCC Stronger Communities 5,803 ––––––– 5,803 ––––––– |
Investment Incoming Resources gains/ 30 September resources expended (losses) 2022 £ £ £ £ 301,119 (390,709) (16,798) 773,796 ––––––– ––––––– ––––––– ––––––– - (2,386) - - 7,580 (5,307) - - 3,500 (2,024) - 1,476 21,500 18,401 - 3,099 580 (580) - - ––––––– ––––––– ––––––– ––––––– 33,160 (26,312) - 4,575 ––––––– ––––––– ––––––– ––––––– £ £ £ £ 289,058 (267,836) 22,790 880,184 ––––––– ––––––– ––––––– ––––––– 13,846 (11,459) - 2,386 2,500 (2,428) - 72 12,000 (17,803) - - ––––––– ––––––– ––––––– ––––––– 28,346 (31,691) - 2,458 ––––––– ––––––– ––––––– ––––––– |
|---|---|
22. Related party disclosures
There were no related party transactions for the year ended 30 September 2022.
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YMCA Scarborough
| Detailed Statement of Financial Activities for the Year Ended 30 September 2022 Income and endowments Donations and legacies Donations Grants Other trading activities Fundraising events Own theatre productions Outside theatre productions Coffee and theatre bars Photocopying Other theatre productions Investment income Interest received Investment income Charitable activities Activities Lettings JRS grants Other income Insurance claim Total incoming resources Expenditure Raising donations and legacies Theatre wages Theatre social security |
2022 £ 45,586 44,992 90,578 258 86,737 18,224 48,556 1,309 - 155,084 1 5,777 5,778 13,587 63,252 - 76,839 6,000 334,279 78,026 1,304 79,330 |
2021 £ 171,174 - 171,174 - 27,547 4,827 10,207 472 2,210 45,263 3 5,088 5,091 8,813 39,769 33,205 81,787 14,089 317,404 31,951 1,125 33,787 |
|---|---|---|
This page does not form part of the statutory financial statements
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YMCA Scarborough
Detailed Statement of Financial Activities for the Year Ended 30 September 2022
| Raising donations and legacies Other trading activities Own theatre production costs Coffee and theatre bars Licences Fundraising costs Other theatre expenses Investment management costs Investment management fees Charitable activities Wages Social security Pensions Cleaning Administrative expenses Training Expenses Subscriptions and Affiliations Repairs and Maintenance Activity costs Heat & light Premises - rates & telephone Irrecoverable VAT Bank charges Insurance Marketing and advertising Pension deficit expenses current year Pension deficit expenses previous years Independent examination costs recharged to theatre expenses Depreciation of tangible fixed assets Support costs Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Gains/losses on fixed asset investments Net (expenditure)/income |
2022 £ 33,857 28,170 2,744 184 46,060 111,015 1,455 58,039 1,277 3,226 3,600 5,685 443 1,610 11,136 35,432 35,706 4,221 9,222 2,113 4,457 345 3,271 20,766 (1,191) 26,594 225,952 4,000 421,752 (87,473) (16,798) (104,271) |
2021 £ 30,141 5,469 901 - 3,271 39,782 725 113,071 1,842 8,981 3,876 - 3,019 2,414 10,558 9,883 19,013 2,358 - 1,320 10,957 5,088 - - - 27,652 220,032 5,201 299,527 17,877 22,790 40,667 |
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This page does not form part of the statutory financial statements
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