## ## ## ## |||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)| |||||h
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VI|| ## ## |3.|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|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|