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|Contents||Page|
|---|---|---|
|Officers and Advisers|||
|Board Report incorporating
the Strategic Report|||
|and Value for Money|statement|2-9|
|Independent
Auditors'|Report|11- 13|
|Statement of Comprehensive
Income|||
|Statement of Finandal|Position|15|
|Statement of Changes|in Reserves|16|
|Statement of Cash Rows||17|
|Notes to the Rnancial|Statements|18 —26|
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|||||||YMCA St Helens|YMCA St Helens||YMCA Crewe|
|---|---|---|---|---|---|---|---|---|---|
||||||2021-22|2022-23||2023-24||
||||||Actual|Target|Actual|Target||
|Re-investment
N|||||1.28%|4.20%|2.51%|4.149o|0.00%|
|New Supply - social housing|||N||0.00%|0.009o|0.009o|0.00%|0.00%o|
|New Supply —non-social||housing||N|0.009o|0.00%|0.00%|0.009o|0.009o|
|Gearing||||||-4.22N|-3.49N|-1.229o|-11.909o|
|EBITDA-MRI mterest cover|||||3361.11%o|1687.73%|1068.369o|585.849o|5,666.169o|
|Headline
social housing||cost|per|unit|E10,189|E11,508|E11,012|E12,691|E12,956|
|Operating
margin|(social|housing||units)|16.24%|1142%|16.93%o|10.10%|12.84%o|
|Operating
margin|(overall)||||15.639o|6.11%|6.969o|2.68%|6.80%|
|Return on capital|employed||(ROCE)||3.519o||1.66%|0.71%|2.41%o|
|||||YMCA St Helens|YMCA St Helens||
|---|---|---|---|---|---|---|
||||2021-22|2022-23||2023-24|
||||Actual|Target|Actual|Target|
|Percentage|of rent collected||98.2%|98.53/o|98.94%|98.55/0|
|Voids and|bad debts percentage||10.43%|685%|5 94%|6.24%|
|Customer|satisfaction||969o|100%|97%|100%o|
|Throughput|ofresidents||277%|300%|205%|300%o|
|Proportion|of planned|moves|779'|76%|73%|769o|
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||||||||Restated|
|---|---|---|---|---|---|---|---|
||||||Year Ended||Year Ended|
|||||Notes|31-Mar-23||31-Mar-22|
||||||6||I|
|Turnover|||||2,784,579||2,649944|
|Operating
expenditure|||||2|716602|2,432,273|
|||||||67,977|217,671|
|Other income||||||||
|Operating
surplus||||||249,380|414,296|
|Interest receivable||||||7,062|3,123|
|Interest payable|and financing||costs|||(32,328)|(16,508)|
|Surplus before|Taxation|||||||
|Total comprehensive||income for the year|||||400,911|
||||At|Restated
At|
|---|---|---|---|---|
|||Notes|31-Mar-23|31-Mar-22|
||||6|5|
|Fixed Assets|||||
|Tangible
fixed assets||10|11,077,983||
||||11,077,983|11,133,571|
|Current Assets|||||
|Trade and other debtors||11|242,026|200,463|
|Cash and cash equivalents||12||1,196,011|
||||1,176,593|1,396,474|
|Less: Creditors:|||||
|Amounts
falling due viithin one year||13|(589,481)|(709,850)|
|Net Current Assets|||587,112|686,624|
|Total Assets Less Current Liabilities|||11,665,096|11,820,195|
|Creditors:|||||
|Amounts
falhng due alter|more than one year|13a|(6,644,987)|(7,025,210)|
|Tote Inet assets|||5,020,109|4,794,985|
|Reserves|||||
|income and expenditure|reserve|20|5,020,109|4,794,985|
|Total reserves|||5,020,109|4,794,985|
||Income|and|2023|2023|2022|
|---|---|---|---|---|---|
||expenditure|reserve|Total||Total|
||6||6||6|
|Restated at 1 April 2022|4,794,9&5||4,794,985||4,394,074|
|Surplus for the year||225,124||225,124|400,911|
|At 31March 2023|5|020 109|5|020,109||
||||||||||||Restated|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Year Ended|Year Ended|
|||||||||||31-Mar-23|31-Mar-22|
||||||||||||I|
|Net cash flow from|operating|||activities||||||99,962|600,275|
|Cash flow from Investing|||acdvltles|||||||||
|Purchase of tangible|fixed assets|||||||||(188,047)|(90,918)|
|Interest received||||||||||7,062|3,123|
|||||||||||(180,985)|(87,795)|
|Cash tlow from financlng|||acthdtles|||||||||
|Interest
pakl||||||||||(30,419)|(16,522)|
|New borrowings
receored||||||||||||
|Repayrnant
of borroviings||||||||||(150,000)|(200,000)|
|||||||||||(180,419)|(216,522)|
|Net change in cash|and cash|||equivalents||||||(261,442)|295,958|
|Cash and cash equivalents|||at the beginning||||ofthe year|||1,196,011|900,052|
|Cash and cash equivalents|||at the end ofthe||||year|||934,569|1,196,011|
|||||||||||Year Ended|Year Ended|
|||||||||||31-Mar-23|31-Mar-22|
|||||||||||6|E|
|Cash flow from operating|||activities|||||||||
|Surplus for the year||||||||||225,124|400,911|
|Adjustments
for non-cash|||items;|||||||||
|Depreciation
of tangible||fixed assets||||||||243,635|247,339|
|Amorbsabon
ofgrant||||||||||(109,906)|(109,906)|
|Decrease
in trade and other|||debtors|||||||(41,563)|60,927|
|(Decrease)/Increase|in|trade|and other||creditors|||||(112,416)|32,906|
|Increase/(Decrease)|in|acouals||and deferred||lnmme||||(83,168)|5,IH3|
|Increase/(Decrease)|in|pension||creditor||||||(46,001)|(51,130)|
|Adjustments
for investing|||or fiinandng|||activities:||||||
|interest
payable||||||||||31@18|16,508|
|interest
receivable||||||||||(7,062)|(3,123)|
|Net cash generated||from|operating||acdvltles|||||99,962|600,275|
|||||||||At 01-Apr-22||Cash flows|At 31-Mar-23|
|||||||||E||E|E|
|Analysis ofchanges||in net debt||||||||||
|Cash||||||||1,196,011||(261,444)|934+67|
|Bank loans due within||one year||||||(150,000)|||(150,000)|
|Bank loans due greater||than|one year|||||(749,999)||150,000|(599,999)|
|Total|||||||||296,012|(111,444)|184,568|
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|Turnover,|cost|ofsal|es, operating
expenditure
and operating
su|rplus|||
|---|---|---|---|---|---|---|
||||||2023||
||||||Operating|Operating|
|||||TUITI-|expendi-|sUIBIUs/|
|||||over|ture|(deficit)|
|||||E|6|6|
|Sodal housing||lmfings (note 3a )||1,843,193|1,531,119|312,074|
|Other sodal housing|||activities (note 3a)||||
|Suppordng|people|||240,192|240,192||
|Actlvides other||than|sodal housing (note 3b)||||
|Letdngs||||182@99|121,585|59,814|
|Nurmiy||||302,764|396,611|(93,847)|
|Other||||398,432|427,096|(28,664)|
|Total||||29 5
80|2716,602|249878|
||||||Restated - 2022||
||||||Operating|Opera
bug|
|||||Turn-|expendi-|surplus|
|||||over|tUIS||
|||||E|6||
|Social housing||lettings (note 3a)||1,674,444|1,402,482|271,962|
|Other sodal housfng|||activities (note 3a)||||
|Supp o rung|people|||240,192|240,192||
|Activities other||than|social housing (note 3b)||||
|Letbngs||||196,624|98,183|98,441|
|NUIsery||||272,508|343,797|(71,289)|
|Other||||462,802|347,620|115,183|
|Total|||||2,432 274|414,296|
|Tangible|fixed assets||||||||
|---|---|---|---|---|---|---|---|---|
|||Housfrrg||Properties||Other Fixed Assets||Total|
|||Ecdaf Housulg||||||Rxlul A55et5|
|||Propertles|fw|Total|||||
|||Lettmg||Houung|Fumres|and|Other Freehokl||
|||Completed||PIoparti 55|Eon f ps|to IIt|land and Buildings||
|||E||E|E||E||
|Cost|||||||||
|At the start ofthe year||7,704,824||7,704,824|459,040||6,484,752|24,648,616|
|Addltkms|||||55,506|||188047|
|At the end|of 0e year||||514546||6,484,752|14,836663|
|Depredation
and impairment|||||||||
|At the start ofthe year||2,417,714||2,417,714|351,032||746,299|3,515,045|
|Charge for the year||133,591|||||||
|At the end|ofthe year|551|305|2,551,305||||3,758,680|
|Net BookValue|||||||||
|At the end|ofthe year|||||||11,077,983|
|At the start of the year||||||||11,133571|
||||||||2023|2022|
|Housing|Properties comprises:||||||6|E|
|li.|Trade and other debtors|Trade and other debtors|2023
6|2022
E|
|---|---|---|---|---|
||Rent arrears||153,862|57,210|
||Less: prowsion
for bad debts||||
||||135,988|36,432|
||Other debtors||62,129|72,964|
||Prepayments
and accrued|income|||
||Debtors are all due within|one year.|||
||||2023|2022|
|12.|Cash and cash equivalents||6|E|
||Cash at bank and in hand||||
|13.|Creditors:
amounts
falling|due wrihin one year|2023|2022|
||||6|E|
||Trade credkors||Bqrit26|120,211|
||Rent in advance||47,167|47,167|
||Rents and sennce charges|paid in advance|9,267|7,153|
||Taxatlon and sooal security||27,681|32,141|
||Accruals and deferred
income||116,570|198,833|
||Deferred
Capital
Grants
(Note 14)
Pension
liabgay (Note 10)||108,716
30,860|108,716
31,220|
||Obwr creditors||14,394|14,409|
||Bank Loans (Note lrib)||||
|13a.|Creditors:
amounts
falling|due in more than one year|2023|2022|
||||6|E|
||Rent in advance||377,334|424,500|
||Provision
for dilapidabon
costs|||55,581|
||Sinbng fund||215,489|187,411|
||Deferred
Caprial Grant
(Note 15)||5,312,180|5,422,086|
||Pension
liability (Note 10)||139,985|185,633|
||Bank Loans (Note lab)||||
|||||7,025,210|
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|Debt analysis||||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Loans repayable
by|instalments:|||
|Wfthin one year||150,000|150,000|
|In one year or more but less than two yeats||150,000|150,000|
|In two years or more but less than five years||449,999|450,MO|
|In five years or more||0||
|Deferred capital grants||||
|||2023|2022|
|||E|E|
|At the start ofthe year||5,731,518|5,841,424|
|Released to income
in|the year|(109,906)|(109,906)|
|At the end ofthe year||||
|Amount
to be released|in less than one year|109,906|109,906|
|Amount
to be released|in more than one year|5,511,706|5,621,612|
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||||||||||2023
6|2022I|
|---|---|---|---|---|---|---|---|---|---|---|
|Not later than one year|||||||||10,091|10,201|
|Later than one year and not|later than||five years||||||9,575|16,463|
|17.Grant and financial assistance|||||||||||
||||||||||2023
E|2022I|
|The total accumulated
government||grant and financial assistance|||||received||||
|at 31 March:|||||||||||
|Held as deferred
grant - housing|||||||||2,700,895|2,777,611|
|Held as deferred
grant - other|||||||||2,920,716|2,953,906|
|Recognised as income in the Statement|||of Comprehensive||Income||- housing||1,764,464|1,687,748|
|Recognised as income in the Statement|||of Comprehensive||Income||—other||517,316|484,126|
|18.Capital Commitments|||||||||||
||||||||||2023
E|2022I|
|Capital expenditure
that has|been|contracted||for but|||||||
|has not been provided
for in the finandal
statements|||||||||||
|Capital expenditure
that has|been|approved||by the|||||||
|Board but has not yet been|contracted||for||||||||
|19.Related Party Transactions|||||||||||
|During
the current
and previous
year, there||||were no related||party|transactions||||
|No remuneration
was paid|to any|trustee for services as a||||trustee|||||
|20. Prior Period Adjustment|||||||||||
||||||||||01-Apr-21|31-Mar-22|
|Reconciliation
offunds||||||||Notes|E.|6|
|Funds as previously
reported|||||||||4,193,358|4,794,985|
|Adjustments
arising:|||||||||||
|Decrease in deferred
capital|grants||||||||200,716||
|Funds as restated||||||||||4,794,985|
|Notes to restatement|||||||||||
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|Moveme|nt
on Reserves|||||||
|---|---|---|---|---|---|---|---|
||||Restricted Reserve||Deslpnated
Resenres||Total|
||||Nadcod IDBery||Warnngkm|Future Major||
|||General|CommUAIIY Fuftd||YMCA|Repairs Reserve||
|||E|||E|6||
|Restated|At I April 2021|'I,125,442|||101,760|166,872|4,394,074|
|Surplus/(Delklt)
for the year||335,357||33,804|13,190|18,560|400,911|
|Restated|At 31March 2022|4,460,799||33,804|114,950|185,432|4,794,985|
|Surplus/(Defi dt) fcv the year||274,012|12,513|(33,804)|(47,109)|19r511|225,124|
|At 31 Mar«h 2023||~4734811|~22 513||~67 841|~204 944|~5020,209|