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2021-03-31-accounts

Contents Page
Oflicers and Advisers
Board Report incorporating
the Strategic Report
and Value for Money statement 2-8
Independent
Auditors'		 Report 9-11
Statement ofComprehensive
Income		 12
Statement of Financial Position 13
Statement ofChanges in Reserves
Statement
of Cash Flows		 15
Notes to the Financial Statements 16-24

Officer s and Advisers and Advisers
Honorary President: Louis F Rlgby
Management Team:
Chief Executive Justin C D Hill
Operational Director Sarah
M Challands
HousIng Services Manager Darren J Mukahy (leR 31January 2021)
Nursery Manager Patricia Freddeton
Solicitorsr Barrow BCook
5/7 Vktorfa Square
St Helens
Me re eye i de
WA10 1HQ
Directors: Jane Connor
John Frodsham
Frank Grayson
Davkl
L Hidunan
Kenneth Jackson
Claire Morley (appointed 27 January 2021)
Elaine Stanley
Richard I Tully
Sheila Whitton
Secretary: Justln
C D Hill
Registered office and Principle
place ofBusiness: 2 North
Road
St Helens
Merseyside
External WA10 2TJ
Registrations:
Company Number: 1947323
Charity Number: 517144
Regulator of Sodal Housing: LH3685
Auditors: Beaver and Struthem
Statutory
Auditors
St George's House
215-219Chester Road
Manchester
M154JE
Bankers: National
Westminster		 Bank pic
5 Ormsklrk
Street
St Helens
Merseyside
WA10 1DR

YMCA St Helens YMCA Crewe
2019-20 2020-21 2021-22 20-21
Actual Target Actual Target
Re-investment
96		 3.23% 2.4296 1.71% 3.78% 1.2%
New Supply
—social housing		 % 0.00% 0.00% 0.00% 0.00% 0.00%
New Supply —non-social housing% 0.0096 0.00% 0.00% 0.00% 0.00%
Gearing 7.24% 11.1896 3.74% 10.62% -16.8%
EBITDA-MRI Interest cover 1521.83% 1866.71% 3082.4390 1793.19% 2522.796
Headline
social housing		 cost per unit 69,670 E10,522 f10,278 E10,854 E9,065
Operating
margin		 (social housing units) 14.10% 12.8596 17.8% 9.0796 19.9%
Operating
margin		 (overall) 10.6996 9.18% 15.72% 6.3396 10 2og
Return on capital employed (ROCE) 2 48od 3.60% 2,7%
YMCA StHelens YMCA StHelens
2019-20 2020-21 2021-22
Actual Target Actua
I		 Target
Percentage of rent collected 96.796 100% 99.796 100%
Voids and bad debts percentage 8.6% 11.31% 4%
Customer satisfaction 97.496 100% 95.5696 100og
Throughput of residents 388.496 300% 212.73% 300%
Proportion ofplanned moves 82.9% 75.5% 76.6196 75.5%

Boar d Statement
on Internal
Financial Controls
1.0 The Board acknowledge
their ultimate
responsibility
for ensuring
that the Association
has		 in place a system of controls
that Is appropriate
to the various
business
environments
in which
it operates.
These controls are		 designed to give
reasonable
assurance
with respect to:
1.1 The reliability
of finandal
Information
used within the Assodatlon
or for publication
1.2 The maintenance
ofproper accounting
records, and
1.3 The safeguarding
of assets against unauthorlsed
use or disposition.
2.0 It is the Board's responsibility
to establish
and maintain
systems of internal
finandal
control. Such		 systems can only
provide reasonable
and not absolute assurance
against
material
finandal
mls-statement
or		 loss.
Key		 elements include
ensuring
that:
2.1 formal
polides
and
procedures
are
In place, induding
the documentation
of key systems
and rules
relating		 to the
delegation
of authorities,
which allow the monitoring
ofcontrols and restrict the unauthorised
use ofthe Association's
assets.
2.2 experienced
and
suitably
quafifled
stafF take
responsibility
for
Important
business		 functions. Annual appraisal
procedures
have been established
to maintain
standards
of performance.
2.3 forecasts and budgets
are prepared
which
allow the Board and management
to monitor		 the key business risks and
finandal
objectives, and progress towards
financial
plans set for the short and the medium		 term; regular management
accounts
are prepared
promptly,
providing
relevant,
reliable
and
up to date finandal		 and other information and
significant
varlances
from budgets are Investigated
as appropriate.
All significan
new
initiatives,
major
commitments
and
investment
projects
are subject
to formal
authorisation
procedures,
through
relevant sub-committees
comprising
Board members
and others.
2.5 The Audit Committee
reviews reports
from the auditors
to provide
reasonable
assurance		 that control procedures are
in place and are bdng followed.
The Audit Committee
makes regular
reports to the Board.
2.6 This indudes
a general
review ofthe major risks facing the Association.
Formal procedures
have been established
for Instituting
appropnate
action to correct weaknesses
Identified		 from the
above reports.
3.0 On behalf ofthe Board, the Audit Committee
has reviewed
the effectivenes ofthe system		 of internal financial control
in existence
In the Association
for the year ended 31 March 2021 and no weaknesses
were found
In		 Internal financial
controls
which
resulted
in material
losses, contingencies,
or uncertainties
which
require		 disclosure
in the		 finandal
statements
or In the auditor's
report on the financial
statements.

year Ended Year Elxied Year Elxied
Notes 31-Mar-21 31-Mar-20
6 6
Turnover 2,701,557 2,696,026
Operating
expenditure		 2 527435 2 600 178
174,122 95,848
Other Income 192240
Operating
surplus		 288,088
Gala on disposal
offixed
Interest receivable		 assets 4,207 6,294
Interest payable and financing costs (18,035) (28,370)
Surplus before Taxatlon 266 012
Total comprehensive income forthe year
At' At'
Notes 31-Mar 21 31-Mar-20
6 6
Fixed Assets
Tangible fixed assets 11,289,992 11,376,925
11,289,992
Current Assets
Trade and other debtors 12 261,391 304,991
Cash and cash equivalents 13
1,161,443 1,077,713
Less: Creditors:
Amounts
ialgng due within one year		 (656,885) (830,608)
Net Current Assets 504,558 247,105
Total Assets Less Current Llablgtles 11,794,550 11,624,030
Creditors:
Amounts
lafiing due after		 more than one year 14a (7,601,192) (7,788,125)
Total net assets 4,193,358
Reserves
Income and expenditure reserve 21 4,193,358 3,835,905
Total reserves
Income and 2021 2020
expenditure reserve Total Total
6 6 8
At 1 April 3,835,905 3,835,905 3,569,893
Surplus for the year 357,453 357,453 266,012
At31March 4 193,358 8 3 B35915
Year Erided YBBrEnded
31-Mar-21 31-Mar-20
6 1
Net cash flow from openrlfng
acthrltles		 354,810
Cash flow from investlnp actlvlUes
Purchase of tang Die fixed assets (150,728) (189,7D3)
Proceeds
from sale of tanp ibis Bred Besets
Interest received 4,207
(146,521) (183,409)
Cash tlow from Nnandng acUvlpes
lntoest
paid		 (18,459) (28,288)
New borrmvlngs
recused		 50,000
Repayment
ofbononings		 (112,500) (15D,DDD)
(80,959) (178,288)
Net change ln cash and cash equivalents 127430 78,971
Cash and cash equivalents at the beginning olthe year 772,722
Cash and cash equivalents at the end ofthe year 900,052 851,693
Year Ended Year Ended
emcee 31-Mar 21 31.Mar-20
Cash flow fram operatlnp activities
Surplus for the year 357,453 266,012
Adjwtents
for ilmivxtsh		 Itenlm
Depmdadon
olungtde
Bmd amah		 237,661 247,268
Amordsrpon
of grant		 (109,906) (ID9,996)
Gain on disposal of Bxed assets
Dncrease)/Decrease
in trade		 and other debtors 43,600 (11,975)
inoease/(D encase)
kt bede		 and other (130,625) 39,458
Increase/(Deoease)
in accrue le and deferred		 hcome (78,693) 20,425
Increase/(Deoease)
In pensdn oadaor		 22M92 (32,69D]
Adjustments
for Investing		 orNnandnp activities:
interest payable 18,035 28370
Interest recelvahe (4,207) (6,294)
Net cash penerated
from		 operatlnp acUvlUes 354,610
At 01-Apr-20 Cash flows At 31-Mar-21
Analysis ofchanpes
ln nea debt
Cash 772,722 127,330 900,052
Bank kons due nnhin
one year		 (150,000) (833) (150W3)
Bank loans due gmater than one year (1,012,499) 63,333 (949,166)
Total (389,777) 109,830 (199,947)

Turnover, c ost ofsales, operating
expenditure
and operating
su		 rplus
2021
Operatfng Opcmdng
TCIII- expendi- surplus/
over ture (defklt)
E E E
godet housing lettings (note 3a ) 1,712,960 1,402,667 310,293
Other social
Supporting		 housing activities (note 3a)
people		 254,611 254,611
Acdvltles other than sodal housing (note 3b)
197,158 145,517 51,641
262EI39 3752WS (113,966)
472,149 3482135 223+24
Total
2020
Opcatlng 0peratfng
Tonl- expendi- surplus
ture
E 1
Sodal housing lettings (note 3a) I326536 217,714
Other sodal housing activities (nota 3a)
Supporfing people 249,452 249,452
ActMtles other than sodel housing (note 3b)
Cttfrrgs 192,240 103,947 88293
Nurscy 363,902 422,476 (58574)
Other 538,422 497,767 40,655
Total
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178,253 166,162
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Aggrelmtenumte
of f19 tram equaalwt		 st flm wmdm fag Nab bands of:
EBDJXOto E70,000 m the pCdxk
E7D7XOto EDD,OCO m the patxk
11.Tanplble fixed assets 11.Tanplble fixed assets
Houslhg
Soclsl Housing~for		 Total
Propaltles
Letting Houskrp Rxtures and Other Freehdd
Coorplsled opertles Ertutpment Land and 8ulkgngs
1 E E E
Cost
At the Start Ofthe year 7+45,774 7,545,774 494,954 6,462,365 14,503,113
Addtdons 91,616 91,626 36,735 22,367 150,718
Dlsposals
At the end ofthe year
Depredation
and impafrmant
At the start ofthe year 2,164,944 2,164,944 349,771 612FS73 3,126,188
ChBIQB for the yem 122523 121,523 48,418 66,710 237,661
On dlsposals
At the end ofthe year
Nst gook Value
At the Bnd ofthe year
At the start ofthe year 5 0830 5380830 145183 5 850,912 ll 376925
2021 2020
Houslnp
Propsrdss		 corupdsesr E E
Freehold
land and bulkgngs
2021 2020
12. Trade artd other debtors 5 E
Rent aweam
Less; provision
for bad debts		 162,934
133,592		 143,786
~28,058
115,728
Other debtor
Prepayments
and aoxued Income		 84PSBB
43 314
ahvn		 116,343
~920
Debtom are ag due vnthin
one year.
2021 2020
13. Cash and cash equivalents
Cash at bank and
In hand		 E E
~772 722
14. Creditors:
amounts
faglng		 due within one year 2021 2020
E E
Trade cmdltors 59v442 150,181
Rent in advance 47,167 47,167
Rents and advice charges
Taxatlon and sodal security		 paid In advance 12,925
26+52		 6,146
46,956
Accruals and deferred
income		 193,004 272,123
Deferred
Capital Grants
(Note		 15) 109,906 109,906
Pension
1abiity (Note 10)		 37,743 36,643
Other credlbxs
Bank Loans (Note 14b)		 19,012 11,486
~150000
14a. Creditors:
amounts
falling		 due in more than one year 2021 2020
E E
Rent in advance 471,667 518,833
Provision for d0apldaucn
costs		 55,581 55,581
Sinking
fund		 163AI22 149,942
Deferred
Capital Grant
(Note 15)		 5,731+17 5,841,423
Pension getty
(Note 10)
Bank Loans (Note 14b)		 230,240 2D9,847
~IDL
499
~7788 125

16.Share Capital
The Assodatlon,
whkh		 does not have a share capital, ls Umlted by Guarantee, whereby membem contribute up to a moomum ofEl
each should there be a defidency on winding up.
17.Operadng
leases
the Assod ation holds office equipment under non-cancegable operating leases. At the end of the year the Assodafion had
commitments
oftotal future		 minimum lease payments as follows:
2021 2020
E E
Not later than one year 8,510
Later than one year and not later than five years 26,663 10,SIS
18.Grant and finandal assistance
2021 2020
E E
The total accumulated government grant and flnandal assistance received
at 31 March.
Held as deferred grant - housing 2,931,043 2,931,043
Held as deferred
grant		 - other 3,020,286 3,020,286
Recognised as Income In the Statement ofComprehensive Income - housing 1,534,316 1,534,316
Recognised as income in the Statement ofComprehensive Income - other 417,746 417,746
79 91
19.Capital Commitments
2021 2D2D
E E
Capital expenditure
that has		 been contracted for but
has not been provided for ln the flnandal statements
Capital expenditure
that has		 been approved by the
Board but has not yet been contracted for

Movemlent
orl Reserlres
Tohd
Warrtn gum return Maim.
General YMCA Repalm Reserve
1 6 1
At 1 Aprg 1019 3,335,226 101,760 132,907 3,569,893
Surplus Rr Iha Yem 243,645 22,367 266,012
At 31March 2D20 3,5782ryt 101,760 155,27'I 3,83S,905
Surplus for tha Yem 345,855 sl+98 357,453
At 31 March 2D21 166 72 ~193358