REGISTERED CHARITY NUMBER: 305243
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
HASTINGS & ROTHER YMCA
Ashdown Hurrey Auditors Limited Statutory Auditors 20 Havelock Road Hastings East Sussex TN34 1BP
HASTINGS & ROTHER YMCA
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Statement of Trustees' Responsibilities | 5 | ||
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 15 |
HASTINGS & ROTHER YMCA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and Activities for the Public Benefit
Our Mission Statement is:
"Hastings & Rother YMCA seeks to provide a welcoming and safe environment for children and young people in our community, accepting all in order to encourage self-worth and personal development of each individual through quality support and provision of imaginative affordable services."
To achieve this, we aim to work alongside people, be warm, welcoming and nurturing, to provide real support, to challenge disadvantage and to rescue young people in difficulty. The charity focuses on providing a range of sports and educational and training activities for children, young people and families. The charity is located in an area of high deprivation, with low incomes and high unemployment, so its services are founded on recognition of these circumstances for local people. The charity therefore aims to provide low cost and accessible services for people in the local community so that they can participate in activities which may otherwise be beyond their means or confidence to approach.
Public benefit
The trustees have referred to the guidance published by the Charity Commission regarding public benefit when reviewing our aims and objectives or planning our future development (section 17 of the Charities Act 2011).
Statement by the Chair - Judith Monk
The pandemic is still impacting on what we are able to achieve and how we are able to operate but the effects of the restrictions have lessened over time. The Board continues to work hard to maintain the Charity's long-term sustainability and still closely monitors revenue streams while this takes place.
The Y Centre, as we are locally known, is highly regarded by the community and those who attend there. We receive regular compliments on the staff and activities.
New projects have been devised and funding is actively being sought.
Funding for refurbishment is difficult to obtain but we are persistent in our efforts as the Board, staff and volunteers pull together.
The Charity continues to be solvent and moving in the right direction. With our dynamic team of volunteers and staff, we are looking forward to the future. We are immensely grateful to all our volunteers for their loyalty and hard work which has often been a lifeline in times of need. We have been nominated for a Queen's Platinum Jubilee Award for Voluntary Service 2022.
We would like to thank this year's funders for their generosity:
| £ | |
|---|---|
| Government Support Grants | 26,073 |
| ASDA | 1,000 |
| Winkle Club | 100 |
| Local Giving | 500 |
| Neighbourhood B & Q | 5,000 |
| National Lottery Awards for All | 6,132 |
| Lions | 500 |
| Virgin Media/O2 | 1,000 |
| 40,305 | |
Page 1
HASTINGS & ROTHER YMCA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
ACHIEVEMENT AND PERFORMANCE
Achievements
This was another difficult pandemic year but unlike last year restrictions did begin to ease following mass vaccination programmes and a change in virus strength. We were able to start trading normally towards Christmas and remove barriers to numbers and physical social distancing. All staff were taken off furlough and our hours returned to normal. We were able to restart Youth Work and opened a fully kitted out Youth Club opened by the Mayor. We were also nominated for a Queen's Award for Voluntary Service.
The Charity continued to stabilise its functionality and delivered a small surplus. Use of the building has increased substantially since reopening. Funding income has been challenging to acquire but reasonable efforts have resulted in some support; especially welcome continuing Government support.
Partnership working with other Charities has been enjoined and is working well. Partners are: Surviving the Streets and the Art Shack located within our grounds. The Art Shack enjoyed prime TV exposure for the ground breaking CPP,Crisp Packet Project created and run by Pen Huston.
Performance
The use of our facilities and buildings continues to grow. The YMCA is open every day from 9am to 10pm. When open more than 850 children, young people and families come to the YMCA each week to attend sports and youth work activities which included:
Roller skating: Sports and youth work activities are based on this including -
Parties: provide parents with the opportunity to hold a roller skating birthday party for their child which is affordable to families on low income. Training opportunities for our Junior Volunteer Crew.
Family skating session: provide parents with an affordable activity they can share with their children and these sessions have been well attended. More families than ever are joining this activity and the sessions are busy with many families and their children forging supportive friendships both within the groups and with Centre staff and volunteers. More young people are also attending these events.
After School Skate: on Thursday afternoon has also developed and is well attended. This is a welcome respite session for parents who are free to leave the children under our supervision or sit and enjoy a coffee from the café and chat amongst themselves.
Silent Skate Sessions: We have added some Silent Skate sessions each week for those for whom noise, lights and crowds are difficult.
Additional Skate Activities: have been added such as Roller Hockey, Roller Derby and Artistic Roller skating and a Sunday Brunch Skate session. We have developed and begun running a Ramps and Rails session for skaters needing a challenge. The ramps were built by staff and volunteers during lockdowns.
School Holiday Projects
We have been running free school holiday projects for up to 40 children a day who are on free school meals or have other personal or social needs. Some of these have been funded through the Dept for Education's Holiday and Food Funding which we refer to as HAF projects. All the children also receive meals and snacks.
Support Groups
We have a range of free to attend Support Groups operating including; ADHD Support Group, Kinship Carers Support Group and Amaze for SEN children & parents.
Dance
We host two highly successful and well attended dance schools providing opportunities for young people to learn, ballet, tap and street dance skills.
Jigsaw Nursery:
We host one of the Jigsaw Group of highly regarded nurseries which provides us with a substantial and stable amount of revenue per annum and is an excellent high quality resource for the Community.
Resources for the community:
Page 2
HASTINGS & ROTHER YMCA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The YMCA's buildings have been well used by sports groups including martial arts, five-a-side football and football training, band practice, roller derby teams, a wide variety of exercise groups such as Pilates, Zumba, Yoga, Ballet Fit and Adult ballet classes. A local Taxi Driver group play football here three times a week to keep fit! Local Neighbourhood Watch and Resident's Association's have free use of meeting rooms within our building.
The Autistic Society also brings young people with autism to the Centre once a week for sporting activities.
Our partner organisation Surviving the Streets takes over our building during Christmas to provide free hot meals to our local homeless people and any others who have no one to spend Christmas with and are lonely. They also deliver food/gift parcels to families they know who are living in poverty. They have this year provided Digital Food and Supplies banks which are sited alongside the building and can be accessed by those in need calling up for codes.
FINANCIAL REVIEW
Fund-raising: The charity is continually researching suitable funding streams in advance of refurbishment work. Much work has been undertaken in this regard. We are still continuing with a piecemeal approach of obtaining small pots of funds to do minor works. We are also continuing to fundraise for ongoing and new projects.
Reserves
The charity has had enough cash on reserve to enable it to meet its financial obligations but this is actively kept low to ensure a maximum spend on maintenance and charitable activities.
The accounts show a surplus of £31,731 for the year.
Accountants
The accountants will be nominated and appointed at the Annual General Meeting.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
Risk assessments have been undertaken by the Trustees and any risks mitigated.
The Hastings & Rother YMCA is a registered charity number 305243 and is an Unincorporated Charity. First registered on 29th January 1970, the current constitution was adopted on 17th November 2006.
The principal activity of the charity is to provide facilities and the undertaking of specialist education and training, community work and sport.
The Trustees meet every month and have no subcommittees.
Trustees are appointed or re-appointed annually at the Annual General Meeting which takes place in November each year. Some of the Trustees have been involved with the YMCA for over 40 years. Trustees received no remuneration.
Client facing Trustees, staff and volunteers are subject to Disclosure and Barring Service (DBS) checks. All the staff members and volunteers are trained in safeguarding, child protection, food hygiene and have first aid certificates. All paid staff are trained in health and safety at work. All policies are reviewed and updated regularly.
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place or are in the process of development to mitigate exposure to these risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
305243
Principal address
Y Sportscentre St Pauls Road St Leonards on Sea East Sussex TN37 6RS
Page 3
HASTINGS & ROTHER YMCA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Trustees
S Hazelden M W Jefferies V B Bond J C E Monk C M Monk S Hawke
Independent Examiner
Mr S R Sampson BFP FCA FCIE DChA Ashdown Hurrey Auditors Limited Statutory Auditors 20 Havelock Road Hastings East Sussex TN34 1BP
Approved by order of the board of trustees on 24 November 2022 and signed on its behalf by:
J C E Monk - Trustee
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HASTINGS & ROTHER YMCA
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HASTINGS & ROTHER YMCA
Independent examiner's report to the trustees of Hastings & Rother YMCA
I report to the charity trustees on my examination of the accounts of Hastings & Rother YMCA (the Trust) for the year ended 31 March 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
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 2. 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.
Mr S R Sampson BFP FCA FCIE DChA Ashdown Hurrey Auditors Limited Statutory Auditors 20 Havelock Road Hastings East Sussex TN34 1BP
Date: 29 November 2022
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HASTINGS & ROTHER YMCA
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 41,202 | 26,411 | |
| Other trading activities | 3 | 113,505 | 37,356 |
| Other income | 4 | 28,777 | 93,015 |
| Total | 183,484 | 156,782 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable Activities | 143,548 | 139,191 | |
| Other | 8,205 | 5,528 | |
| Total | 151,753 | 144,719 | |
| NET INCOME | 31,731 | 12,063 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 174,616 | 162,553 | |
| TOTAL FUNDS CARRIED FORWARD | 206,347 | 174,616 |
The notes form part of these financial statements
Page 7
HASTINGS & ROTHER YMCA
BALANCE SHEET 31 MARCH 2022
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 9 | 168,740 | 170,876 |
| CURRENT ASSETS | |||
| Stocks | 10 | 500 | 500 |
| Debtors | 11 | 9,643 | 8,008 |
| Cash at bank and in hand | 67,144 | 35,736 | |
| 77,287 | 44,244 | ||
| CREDITORS | |||
| Amounts falling due within one year | 12 | (19,680) | (14,504) |
| NET CURRENT ASSETS | 57,607 | 29,740 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 226,347 | 200,616 | |
| CREDITORS | |||
| Amounts falling due after more than one year | 13 | (20,000) | (26,000) |
| NET ASSETS | 206,347 | 174,616 | |
| FUNDS | 15 | ||
| Unrestricted funds | 206,347 | 174,616 | |
| TOTAL FUNDS | 206,347 | 174,616 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 November 2022 and were signed on its behalf by:
J C E Monk - Trustee
The notes form part of these financial statements
Page 8
HASTINGS & ROTHER YMCA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. STATUTORY INFORMATION
Hastings & Rother YMCA is an unincorporated charity, registered in England & Wales. The charity's registered number and registered office address can be found in the Report of the Trustees.
2. 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.
In preparing the financial statements, the trustees are required to make an assessment of the ability of the charity to continue as a going concern. The trustees have prepared a cash flow forecast and budgets for the charity and against the backdrop of the COVID-19 Pandemic a "reverse stress" test has been applied to the forecasts, seeking to establish the level of liquidity headroom the charity is expected to have during the 12 months from the date of approving the financial statements.
On the basis of these forecasts and the fact that the charity has substantial net assets, the trustees are confident that the charity has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. As a result of the above, the trustees have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.
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.
Voluntary income is received by way of donation and gifts and is included in full in the Statement of Financial Activities when receivable, unless the related expenditure will be incurred in a later period in which case the donations will be carried forward as a creditor.
Grants, including grants for the purchase of assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
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.
Plant and machinery - 15% on reducing balance Fixtures and fittings - 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...
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HASTINGS & ROTHER YMCA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
2. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Government grants
In accordance with s24 of FRS 102 these are treated using the accruals model and so are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grants are intended to compensate.
3. OTHER TRADING ACTIVITIES
| Session fees Lettings Canteen Playgroup and creche OTHER INCOME Other income Government grants |
31.3.22 £ 33,853 40,148 13,704 25,800 113,505 31.3.22 £ 2,704 26,073 28,777 |
31.3.21 £ 4,529 5,434 1,593 25,800 |
31.3.21 £ 4,529 5,434 1,593 25,800 |
|---|---|---|---|
| 37,356 | |||
| 31.3.21 £ - 93,015 93,015 |
|||
| 93,015 |
4. OTHER INCOME
The entity has received the following from the UK government in respect of COVID 19 grants and reliefs:
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| Small Business Grant Fund | 18,079 | 51,664 |
| Interest settlement in respect of the Bounce Back Loan Scheme (BBLS) | 191 | 559 |
| Coronavirus Job Retention Scheme (CJRS) | 7,803 | 40,792 |
| 26,073 | 93,015 | |
There are no unfulfilled conditions or other contingencies attaching to any of the above amounts.
5. INDEPENDENT EXAMINERS' REMUNERATION
| INDEPENDENT EXAMINERS' REMUNERATION | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Fees payable to the charity's independent examiners for the independent examination of the charity's financial statements |
1,000 | 1,000 |
continued...
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HASTINGS & ROTHER YMCA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
During the year ended 31 March 2022 one Trustee had travel expenses totalling £1,623 re-imbursed by the charity.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Administration and centre No employees received emoluments in excess of £60,000. Staff costs contains the following items: |
31.3.22 8 |
31.3.21 8 |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Wages and salaries | 71,004 | 54,145 |
| 71,004 | 54,145 | |
| Employer's contribution to defined contribution pension schemes | 952 | 556 |
| 71,956 | 54,701 | |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Other income Total EXPENDITURE ON Charitable activities Charitable Activities Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward |
Unrestricted fund £ 26,411 37,356 93,015 156,782 139,191 5,528 144,719 12,063 162,553 |
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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HASTINGS & ROTHER YMCA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS Long leasehold £ COST At 1 April 2021 and 31 March 2022 156,633 DEPRECIATION At 1 April 2021 - Charge for year - At 31 March 2022 - NET BOOK VALUE At 31 March 2022 156,633 At 31 March 2021 156,633 10. STOCKS Stocks 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors VAT Prepayments and accrued income |
Plant and machinery £ 22,514 20,001 377 20,378 2,136 2,513 |
Unrestricted fund £ 174,616 Fixtures and fittings Totals £ £ 72,683 251,830 60,953 80,954 1,759 2,136 62,712 83,090 9,971 168,740 11,730 170,876 31.3.22 31.3.21 £ £ 500 500 31.3.22 31.3.21 £ £ 3,817 1,785 300 3,550 623 2,235 4,903 438 9,643 8,008 |
|---|---|---|
continued...
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HASTINGS & ROTHER YMCA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||
| £ | £ | |||
| Bank loans and overdrafts (see note 14) | 6,000 | 4,000 | ||
| Trade creditors | 9,489 | 7,090 | ||
| Social security and other taxes | 725 | 186 | ||
| Pension | 304 | 72 | ||
| Accrued expenses | 3,162 | 3,156 | ||
| 19,680 | 14,504 | |||
| 13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | ||
| 31.3.22 | 31.3.21 | |||
| £ | £ | |||
| Bank loans (see note 14) | 20,000 | 26,000 | ||
| 14. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 31.3.22 | 31.3.21 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bank loans | 6,000 | 4,000 | ||
| Amounts falling between one and two years: | ||||
| Bank loans - 1-2 years | 6,000 | 6,000 | ||
| Amounts falling due between two and five years: | ||||
| Bank loans - 2-5 years | 14,000 | 18,000 | ||
| Amounts falling due in more than five years: | ||||
| Repayable by instalments: | ||||
| Bank loans more 5 yr by instal | - | 2,000 | ||
| 15. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 174,616 | 31,731 | 206,347 | |
| TOTAL FUNDS | 174,616 | 31,731 | 206,347 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 183,484 | (151,753) | 31,731 | |
| TOTAL FUNDS | 183,484 | (151,753) | 31,731 |
continued...
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HASTINGS & ROTHER YMCA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.20 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 162,553 | 12,063 | 174,616 |
| TOTAL FUNDS | 162,553 | 12,063 | 174,616 |
| Comparative net movement in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 156,782 | (144,719) | 12,063 |
| TOTAL FUNDS | 156,782 | (144,719) | 12,063 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | At | ||
| At 1.4.20 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 162,553 | 43,794 | 206,347 |
| TOTAL FUNDS | 162,553 | 43,794 | 206,347 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 340,266 | (296,472) | 43,794 |
| TOTAL FUNDS | 340,266 | (296,472) | 43,794 |
continued...
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HASTINGS & ROTHER YMCA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
16. CONTINGENT LIABILITIES
The YMCA Pensions & Assurance Plan closed to new members and new accruals with effect from 1 May 2007. An actuarial valuation of the scheme was carried out as at 1 May 2005 which identified a deficit which the YMCA England are now attempting to recover from all participating YMCA's.
The final obligation to be paid by Hastings and Rother YMCA will not be known for some time and the Trustees are disputing the existence of any liability. At 31 March 2012, the amount demanded was £66,544, however this could change as a result of several factors, including the legality of the charge and the basis of allocation between each YMCA.
In the year to 31 March 2007, it was decided that the liability should be fully accrued for within the accounts as a current liability. The Trustees have now reviewed this policy and feel that it is inappropriate to provide for the liability within the accounts as it is considered only to be remote. The provision has been fully reversed in the accounts to 31 March 2011.
Since April 2007, the YMCA Pension Plan has been unable to provide any proof that Hastings and Rother YMCA has any liability to the scheme. In 2013 the Pension Ombudsman has made a ruling relating to one particular area YMCA, however, this was inconclusive.
It is now believed by the Trustees that for the matter to be taken any further, proceedings will need to be heard in the High Court. It is far from clear that this route will be taken.
17. RELATED PARTY DISCLOSURES
The charity received rental income from Jigsaw Nursery totalling £25,800 during the year, Jigsaw Nursery is owned by Trustee; Mr M W Jefferies.
During the accounting period Trustee; Mrs S Hawke received £2,700 for bookkeeping services.
During the year Trustee; Mrs J Monk had travel expenses totalling £1,623 re-imbursed by the charity.
Page 15