2022-03-31-accounts - Brighton Y M C A

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		Page
Association information
Chair's Report
Report ofthe Board ofManagement		3-9
Responsibilities ofthe	Board ofManagement
Report ofthe independent Auditors		10- 12
Statement ofComprehensive income		13
Statement ofChanges	in Reserves	)4
Statement ofFinancial	Position
Cash Flov: Statement
Notes to the Financial	Statements	17-28

STATEhIENT OF COMPRFHEhiSIYE	STATEhIENT OF COMPRFHEhiSIYE	liVCOiME
Year ended 31 MARCH 2022
				2022	2021
			Note
TURNOYER				4,993,965	4,973,975
Operating costs				(5,230,388)	(5,343,732)
OPFRATING DEFICIT				(236,423)	(369,757)
fiain on disposals offixe&i assets				302,892
(Loss)/gnin on im cstmcnts Dividend income Intcrcst rcccivable Donations				7,840 4,989 910 8,021	31,439 4,701 9,691 9,673
SURPLUS/(DEFICIT) IrOII	TIIEYEAR			88,229	(314,253)
Actuarial gain/(loss) in rcspcct	ofpension schemes
TOTAL COMPREHFNSIVE	INCOME	FOR THE YEAR		88,229	(314453)

BRIGII'fON Y.M.C.A. (Limited by Guarantee)	BRIGII'fON Y.M.C.A. (Limited by Guarantee)	BRIGII'fON Y.M.C.A. (Limited by Guarantee)					Pllgc I4
STATFlirlFNT Olr CHANGES			liV RESERVES
Year ended 3I MARCH		2022
				Inconie snd
				Expenditure	Restricted	Revaluation	Total
				Reserve	Reserve	Reserve
				5	6
Balance	as at I April 202 I			5,077,771			5,077,77I
Surplus from ststancnt of comprchcnsivc income				88,229			88,229
Transfer	fram revaluation	rcscrvc	to
income	and cxpcnditurc rcscrvc
Transfer	ofrestricted expenditure
from unrestricted rescrvc
Balance	at 3I March 2022			5,166,000			5,I66,000

BRIGHTON Y.M.C,A, (I.iinited by Guarantee)	BRIGHTON Y.M.C,A, (I.iinited by Guarantee)						Page
8TATEMENT OF FINANCIAL		POSITION
At 31 MARCH 2022
					2022		2021
			Note		f		f
FIXEDASSETS
Tangible assets - housing	propcrtics				7,892,771		8,237,890
Tangible assets - other			10		148,024		182,097
Invcstmcnts			ll		284,091		277,578
TOTAL FIXEDASSETS					8,324,88fi		8,697,565
CURRENT ASSETS
Stock ofprovisions				6,325		6,325
Debtors and prepaymcnts			12	507,261		420,002
Cash and cash equivalents				2,151,034		2,034,428
				2,6G4,620		2,460,755
CREDITORS: amaunts	I'alliag due
'lvitliln one year			13	(483,370)		(448,526)
NET CURRENT ASSETS					2,181,250		2,012,229
Monies beld for residents				438		438
Amounts &luc to residents				(438)		(438)
TOTAL ASSFTSI.FSS	CURRENT LIABILITIES				10,506,136		10,709,794
CREDITORS: aniounts	falliag dne
after niorc than one year			14		(4,fi32,434)		(4,822,911)
Provisions for liabilities
—Dclincd Bcncfit Pension Schcmc			19		(707,702)		(809,112)
TOTAl, NET ASSETS					5,166,000		5,077,771
CAPI'fAL AND RESERVES
Rcvcnuc reserves			16		5,166,000		5,077,771
					5,166,000		5,077,771

						Page 16
BRIGHTON Y.M.C.A.
(Linilted by Guarantee)
CASH FI.OIV STATEMENT
Year ended 31MARCH 2022
				2022		2021
		Note
NET CASH OUTItLOIV
FROM OPERATING ACTIVITIES		17		(234,689)		(132,242)
CASH FLOIV FROM INVESTING
ACTIVITIES
Purchase oftangible fixed assets			(39,701)		(79,221)
Proceeds frotn saicof tangible	fixed assets		386,633
Interest rcccivcd			910		9,691
Purchase ofinvcstmcnts			(11,355)		(43,317)
Sale ofinvestments			12,682		43,391
Dividend income			4,989		4,701
Invesmient charges			(2,863)		(2,614)
				351,295		(67,369)
CASH FLOIV FROM
FINANCING ACTIVITIES
NET CHANGE IN CASH
AND CASH EQUIVALEiNTS				116,606		(199,611)
CASH AND CASH EQUIVALENTS
AT BEGINiNING OF THE YEAR				2,034,428		2,234,039
CASH AND CASH EQUIVAI.FNTS
AT END OFTHE YEAR				2,151,034		2,034,428

UR	NOVER AND OPERATING SURPI US/(DEFICIT)	NOVER AND OPERATING SURPI US/(DEFICIT)
	Supported
		housing 8	Other 8	2022 f	2021 f,
a)	Income frotn lettings and ltrojeets
	Rent rcccivable net ol'identifiable	3,853,843		3,853,843	3,799,300
	scrvicc charges Scrvicc charges receivable Extra support scrviccs	344,874 4,400		344,874 4,400	342,353 1,800
		4,203,117		4,203,117	4,143,453
	Rent losses from voids	(177,638)		(177,638)	(114,212)
	Service charge losses fram voids	(15,257)		(15,257)	(10,322)
		4,010,222		4,010,222	4,018,919
	Supporting People London Learning Consortium School ofApplied Social Science Govcrmncnt grants takeit to incontc	787,159 3,127 2,980 190,477		787,159 3,127 2,980 190,477	755,255 9,324 190,477
	Total incoate front Icttings and projects	4,993,965		4,993,965	4,973,975
b)	Expenditure on lettings and projects
	Services	2,985,571		2,985,571	3,078,198
	Malltlgclllcnt	1,436,099		1,436,099	1,568,589
	Routine maintmtancc	394,564		394,564	373,331
	Depreciation ofhousing properties Rent losses lrom bad debts	283,925 119,311		283,925 119,311	286,198 34,414
	Scrvicc charge losses t)tom bad debts	10,918		10,918	3,002
	Total expenditure on lettings and projects	5,230,388		5,230,388	5,343,732
	Operating degclt I'ront leRlng and project activities	(236,423)		(236,423)	(369,757)

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SURPLUS/(DEFICIT) FOR THE YFAR
	2022	2021
The degctt for the year has been arrived at after charging/(credttiug):	8
Auditor's rmnuneration	12,450	9,000
Directors' and senior managcmcnt cmolumcnts	234,567	254,733
Depreciation ofproperties Dcprcciation of'other tangible fixed assets Operating lease rentals —land and buildiags	283,926 54,133 20,000	286,198 57,984 7,740
Goverrtntcnt gmnts taken to incolne	(190,477)	(190,477)

		2022	2021
		8	8
On	bank deposits	910	9,691
On	illvcstttlcnts
		910	9,691

						2022	2021
						No.	No.
The average number			ofpersons (including		the Chief Exccutivc)
employed during	the		year	was as folloivs:
Administration						18	18
Professional							101
Domestic						19	20
						130	139
Employee costs (including				thc Chief Executive):
Wages and salaries						3,062,263	3,122,783
Dcfincd contribution		pension costs				78,977	86,426
Social security costs						237,957	243,356
Other pension costs						123,373	117,749
						3,502,569	3,570,3 14
Thc I'ull time equivalent			number ofstaff who		rcccivcd remuncrntion	(excluding directors):
						2022	2021
						No,	iVo.

	2022	2021
Basic salary Benefits in kind Pension contributions	190,118 13,106 31,343	205,059 12,638 37,036
	234,567	254,733

Ir)XED ASSETS
HOUSING PROPERTIES
	Held for
	Lcttlllg
	8
Cost:
At I April 2021 Additions	14,309,902 11,214
Disposals	(124,844)
At 31 March 2022	14,196,272
Depreciation: At I April 2021 Charge for year Disposals	6,072,012 283,926 (52,437)
At 31 March 2022	6,303,501
Net book valet:
At 31 March 2022	7,892,771
At I April 2021	8,237,890

1	0. OTHER FIXFD	ASSETS
			Furniture,
			Fixtures,
			Pittings
			still	Motor
			Equiparant	Yehicles	Total
				8	6
	Cost:
	At I April 2021		1,646,079	61,613	1,707,692
	Additions		28,487		28,487
	Disposals			(26,865)	(26,865)
	At 31 March 2022		1,674,566	34,748	I 709314
	Dcprcciatlont
	At I April 2021		1,486,097	39,498	1,525,595
	Charge for thc year		48,531	2,695	51,226
	On Disposals			(15,531)	(15,531)
	At 31 March 2022		1,534,628	2(i,662	1,561,290
	Nct book value:
	At 31 March 2022		139,938	8,086	148,024
	At I April 2021		159,982	22,115	182,097
ll,	FIXEDASSETS
	INVESTMENTS
				Illvest Ills ll'I
				Pund
	Valuation;
	At I April 2021			277,578
	Additions			11,355
	Disposals			(12,682)
	Revaluations			7,840
	At 31 March 2022			284,091
	Carrying amount	at fair value:
	At 31 March 2022			284,091
	At I April 2021			277,578

12,	DEBTORS:antounts	fag	lug	due within one yeur
					7022	2021
					5
	Trade debtors				192,332
	Income due front rcsidcnts				222,634	255,707
	Other debtors					63,339
	Prcpayntelus				92,295	100,956
					507,261	420,002
13.	CREDITORS: amounts		falling due within one year
					2022	2021
						0
	Trade creditors				141,078	174,450
	Taxation and Social Security				59,580	732
	Other creditors				31,174	18,594
	Accntals and defcrrcd grant income inotc 15)				251,538	254,750
					483,370	448,526
14,	CREDITORS: amounts		falling duc after more than one year
					2022	2021
					0	0
	Deferred grant income	(note 15)			4,632,434	4,822,911
					4,632,434	4822,911
15.	DElrERRED GRANT	INCOME
					2022	2021
	At I April				5,013,388	5,203,865
	Grant rcccivcd in tho year
	Reicascd to income in	the	year		(190,477)	(190,477)
	At 31 March				4,822,9II	5,013,388
					2022 8	2021f
	Antounts to bo released	within		one year	190,477	190,477
	Amounts to be rclcascd	in	morc than onc year		4,632,434	4,822,911
					4,822,911	5,013,388

					2022	2021
						6
Balance at 1 April Surplus/(Deficit)		for ihc year after transfers	io/from	reserves	5,077,771 88,229	5,392,024 (314,253)
Balmicc at	31 Mnrch				5,166,000	5,077,771

. CASH FLOW FROM OPKRATFNG ACTIV	ITIES
		2022	2021
			8
Surplus/(Deficit) for the year Adjustments for non-cash items:		88,229	(314,253)
Depreciation charges - housing propcrtics - fumiturc, fixtures, - motor vehicles (Increase)/Dccrcasc in debtors Incrcasc/(Dccrcasc) in creditors Pension deficit payments made Increase/(Decrease) in pension liability Cnrrying amount oftangible fixed asset disposals	fittings and equipment	283,926 48,531 2,695 (87,259} 34,844 (99,883) (1,527)	286,198 50,613 7,372 (16,560) (32,694) (96,974) 217,750
Adjustnients for investing or financing activities:
(Proiii)/Loss on saic offixed assets Govcrmuent grants utiliscd in thc year Interest receivable Dividends reccivc&t Investment losses/(gains) lnvcstnicnt charges		(302,892) (190,477) (910) (4,989) (7,840) 2,863	(190,477) (9,691) (4,701) (31,439) 2,614
Nct cash outflow from operating activities		(234,689)	(132,242)

					Land aud	Land and
					Buildings	Buildings
					2022	2021
Futuic minimum		lease payments		for non-canccllablc
Operating	leases	payable	in:
Less than Bctwccn Over five	one year onc and five years years				20,000 80,000 31,667	20,000 80,000 51,667
					131,667	151,667

	ofthc salary linkage for bene lite, all enlploycd dcferrcd members bccamc dcf	ofthc salary linkage for bene lite, all enlploycd dcferrcd members bccamc dcf	ofthc salary linkage for bene lite, all enlploycd dcferrcd members bccamc dcf	ofthc salary linkage for bene lite, all enlploycd dcferrcd members bccamc dcf	ofthc salary linkage for bene lite, all enlploycd dcferrcd members bccamc dcf	ofthc salary linkage for bene lite, all enlploycd dcferrcd members bccamc dcf	ofthc salary linkage for bene lite, all enlploycd dcferrcd members bccamc dcf	ofthc salary linkage for bene lite, all enlploycd dcferrcd members bccamc dcf	ofthc salary linkage for bene lite, all enlploycd dcferrcd members bccamc dcf	crrcd members as from	crrcd members as from	crrcd members as from	I May 2011,
	Thc valuation prcparcd as at I May 2020 showed that thc YMCA Pension Association has been advised that it will need to make monthly contributions									Plan had a dctlcit of ofE8,326 I'rom I May			E39 million. The 2022.This amount
	is based an pcrformancc	thc current actuarial ofthc Pension Plan.			assumptions (as outlined Thc current recovery period		above) and is 7 years		may vary conmiencing			in the future as I"May 2022.	a result of actual
					Re a able
											Ager morc
				Within	Onc to	Two	to	Ahcr live				than TOTAL TOTAL
				olic )'car	two )'cars	five years		ycnrs				onc year 2022 202i
				E	f	E			f			E	E f,
As	at 31 March	2022		99927	99,908	299,725		208,	142		607 775 707,702
As	at 31 March	2021		99,883	100 127	300,379		308,723			709,229		809,112
												2022	2021
												E	E
	Balance at I April Increase/(Decrease)		in	provision								809,112 (1,527)	688,336 217750
	Payments in	year										(99,883)	(96,974)
	Balance at 31 March											707,702	809,112