## ## |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|||||| |ACYm~
lxr5orulel
Crc dcfhwi
&5thc~dl cdms|ACYm~
lxr5orulel
Crc dcfhwi
&5thc~dl cdms|ACYm~
lxr5orulel
Crc dcfhwi
&5thc~dl cdms|ACYm~
lxr5orulel
Crc dcfhwi
&5thc~dl cdms|ACYm~
lxr5orulel
Crc dcfhwi
&5thc~dl cdms|ACYm~
lxr5orulel
Crc dcfhwi
&5thc~dl cdms|d tt||rqpww|rqpww|teB|.||||||2020
E|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||178,253|||166,162|| ||||||||||||||||||~tat|34| |H
-eacmbe dlmcms
meshed|no nw|nCnrgon|in the yes (2020.n3)|||||||||||||||| |The wxsmww
pskl tn tas highw pal||dlmdm,||||||||||||||||| |caltsam
pew k
cmbmmcw||||||||||||||||||| |The humtmof
UW~IamtmABI br
ho~bwdm
me awmm
d6
The Chief Emomm
Isan
mmmm
mamba
cfthe penskm achene
The pa m
sdww isa
spade
ltwm Ncb. Thee
w addxwBI pensbn amngemcw.
A~of16,883||||||||||Ato
/ p aimse schclncs
edam pmtme ah
(2020 16,461)wa wde||Ntc
4
f Wsd by~by the anpbya
am wamyee.
Noaa wm
by the rosoddw
I~to the psmonal~nf the «href||||||| |The mm598 wrgb mwtm of pcaoAC enqdhcd||||||||||||||||||| |dumgtheyea
cqwmdl
lidltm
wdadaw(35hmw||||||||||||||||||| |ps
cck) mn'||||||||||||||||||| ||||||||||||||||||E|| ||||||||||||||SWMDS||||IADD,422|| |||||||||||||||D3,5SD|||86ADS|| ||||||||||||||||||33m!3|| ||||||||||||||1||038||I419197|| ||||||||||||||||||Ho|| |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|