2023-03-31-accounts

Association Information
Chair's Rcport
Report ofthe Board ofManagement
Responsibilities ofthc Board ofManegcraent
Rcport ofthc indepcndem Auditors
Statement ofComprehutsive Income
Statement ofChanges in Reserves
Sratemen( ofFinancial position
Cash Flow Statement
Notes to the Finaacial Statements

STATEMENT OF COMPREHENSIVE	INCOME	INCOME
Year ended 31MARCH 2023
			2023	2022
			Note
TURNOVER			5,238,049	4,993,965
Opersung costs			(5,277,I35)	(5,230,388)
OPERATING DEFICIT			(39,0$6)	(236,423)
Gain on disposals offixed assets			1,)76	302,892
(Loss)/gsin on invmtments			(27,456)	7,$40
Dividend income			5,584	4&989
Interest receivable			106	910
Donations			20.357	8,02I
SURPLUS/(DEFICIT) FORTHE VEAR			(39319)	88,229
Actuarial gain/(loss) in respect ofpensien schemes
TOTAL COMPREHENSIVE INCOME	FOR THE YEAR		(394I9)	88i229
There were no discontinued operations during		the year.
The notes on pages I7to 2$ form pan ofthese		financial statemenh.
Thc financial statements were approved by	ihc	Board on .~..l.	.............and ngncd on hs behalf by

BRIGHTON Y,M,C.A. (I tmltsd by Guarantee)	BRIGHTON Y,M,C.A. (I tmltsd by Guarantee)				Page Ic
STATEMEN'f OF CHANGES IN RESERVES
Year ended 31MARCH	2023
		Income uad
		Expenditure	Restricted	Revaluation	Total
		Reserve	Reserve	Reserve
		5		5
Balance as et I April 2022		5,166,000			5,166,000
Deficit from statement of
crunprchensive iocomc		(39319)			(39,3)9)
Transfer fmm revaluation	reserve to
income msd expendimre reserve
Transfer ofrestrieied expenditure
from unrestricted reserve
Balance at31March 2023		5,126601			5,126vdgi

BRIGHTON Y.M.C.A. (Limited by Guarantee)	BRIGHTON Y.M.C.A. (Limited by Guarantee)	BRIGHTON Y.M.C.A. (Limited by Guarantee)				Page 1
STATEMENT OFFINANCIAL POSITION
At31MARCH 2023
				2023		2822
		Note		8	8
FIRED ASSETS
Tangible assets - housing	properties		9	7,632,093		7,892,771
Tangible smcts - other			10	138,606		148,024
investments			11	266,878		284,091
TOTAL FIXEDASSETS				8,037477		8.324.886
CURRENT ASSETS
Stockofpmvisions				6.325	6,325
Debtors snd prepayments			12	474,282	507,261
Cash and eath ertuivatcnts				2,233,671	2,151,034
				2,714,278	2,664,620
CRKDITORSt amounts	faging due
ndthia one year			13	(557,458)	(483,370)
				2,156,820		2,181&250
bionics held fcr residents				438	438
Amounts due to residents				(438)	(438)
TOTAL ASSETSLESS	CURRENT LIABILITIES			10,194,397		10,506,136
CRKDITORSt amounts	fslliag due
alter more than one year			14	(4,441,957)		(4,632,434)
Provisions for liabilities
—Defmcd Bencgt Pcasicn Scheme			19	(625,759)		(707,702)
TOTAL NET ASSETS				5426,681		5,166,800
CAPITAL AND RESERVES
Revenue reserves			16	5,126,681		5,166,000
				5,126,681		5,166,800
The notes on pages 17to 28 form part ofdress			financtat	ctatemenu.
Thc financial statements teste approved		by the	Board cn„,...„......„,......,. and signed		on its behalf by
+~PC/'t				)h"SW.

BRIGHTON V.M.C*.
(Idmitad by Guarantee)
CASH FLOW STATEMENT
Year ended 31MARCH 2023
			2023		2022
	Note
NET CASH OUTFLOW
FROM OPERATING ACTIVITIES	17		179,623		(234,689)
CASH FLOW FROM INVESTING
ACTIVITIES
Purchase oftsngib)c Sxed assets		(92,384)		(39,701)
Proceeds fram saic oftangible fixed assets		2,599		386,633
Interest received		106		910
pure)mac ofiitvcstmcnts Sale ofinvestments		(60,788) 50,893		O 1.355) 12,682
Dividend income		5234		4,989
investmcnt charges		(2,646)		(2,863)
			(96,986)		351395
CASH FLOW FROM
FINANCING ACTIVITIES
NET CHANGE IN CASH
AND CASH KQVIVALENTS			82,637		116.606
CASH AND CASH KQIHVALENTS
AT BEGINNING OFTHE YEAR			2,151.034		2.034.428
CASH AND CASH EQUIVALENTS
AT ENDOFTHE YEAR			2,233,671		2,151,034
The notes oa pages 17ta28 farm part ofthese	financial	statements.

UR	NOVER AND OPERATING SORPLUST(DEFICIT)	NOVER AND OPERATING SORPLUST(DEFICIT)
	Supported
		honsiag	Other	2023	2022
			8		8
a)	Iacomc from lettings aad projects
	Rent receivable net ofidentifiable	4.160,501		4.160401	3.853.843
	service charges
	Service charges receivable	372,7&0		372,780	344.874
	Extra support mrvices	(106)		(106)	4,400
		4,533,175		4,533,175	4,203,117
	Rent losses from voids	(269,300)		(269,300)	(177,638)
	Serviec charge losses from voids	(24,566)		(24,566)	(15,257)
		4,239,309		4,239,309	4,010,222
	Supporting People	803,403		$03,403	7$7,159
	Office ofthc Sumcx Police	4,000		4,000
	London Learning Consortium School ofApplied Social Science	560		560	3,127 2,9$0
	BHCC Workplace Health	300		300
	Government gmnts udhen to income	190.477		190,477	190,477
	Total income from lnttiags and projects	5,23&,049		5,238,D49	4,993,965
b)	Expenditure an ktdngs and projects
	Scrviccs and management	4,510,805		4,510,$05	4,421,670
	Routiae mainmnanoe	360.679		36D,679	394,564
	Depreciahcn ofhousing pmperties	284,400		284,400	283,925
	Rent losses from bad debts	111,282		111382	119,311
	Service charge losses from bed debts	9.969		9.969	10,918
	Total expenditure on tetttngs and projects	5,277,135		5377,135	5,230.388
	Operating deficit from letttug
	and project activities	(39,086)		(39,0861	(236,423)

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SUR	PLUSI(DEFICI'I3 FORTHE YEAR
		2023	2022
The	delicit for the year has been arrived at alter charging((crediting)t
	Auditor's remuneration	12,600	12,450
	Directors' and senior ntsnagement enlolumenm	Iog,onn	234,567
	Depreciation ofproperties Depreciation ofother tangible fixed assets	76,656	233,926 54.133
	Operating lease renmls —land and buildings	20.00lt	20,000
	Government grants taken to income	(190.477)	(190,477)

					2023	2022
					No.	No.
The svcrsgc number	ofpwsous (includhtg			the Chief Executive)
employed during the	year		was as follows:
Adtuinistration					18	18
Professional					80	93
Domestic					20	19
					118	130
Employee casts (including			the Chief Executive):
Wages and salaries					3,173,425	3,062,263
Definsd contribution	pension msts				67,017	78,977
Social security costs					239,0'70	237,957
Other peusioa costs					122,373	123,373
					3.601,886	3,502.$69
The full time equivalent		number ofstaffwho received remuneration			(excluding directors):
					2023	2022
					No,	No.

	2023	2022
		8
Basicsalary	197,087	190,118
Benefits in kind		13,106
Pension contributions	11413	31343
	208,600	234,567

HOUSING PROPERTIES
	Heki for
	I siting
	6
Cost:
At 1 April 2022	14,196,2'72
Additions	23.722
Dispossb
At 31March 2023	14.219,994
Depreciation:
At 1 April 2022	6,303,501
Charge for year	284,400
Disporsis
At 31 March 2023	6,5$7,901
Net book value:
At 31March 2023	7,632,093
At 1 April 2022	7,B92,771

10. OTHER FIXEDASSETS
	Furalture,
	Fhtures,
	Fittings
	and	Metes
	Equipment	Vehicles	Total
Cost:
At 1 April 2022	1,674,566	34,748	1,709,314
Add) dens	88,661		68,&M
Disposals	(77&tt84)	(18tt55)	(7M.339)
At 31 March 2023		15,793	982,636
Depreciation:
At 1April 2022	1,534,628	26,662	1,$61,290
Charge for the year	74,990	1.666	76,656
Oa Disposals	(776384)	(17,532)	{793,916)
At 31 March 2023	833~4	10,796	844,030
Net book value:
At 31 March 2023	133,609		138,606
At 1 April '2022	139,938	8,086	148,024
11.FIXEDASSETS
IN YEFl'MENTS
		Investment
		Fund
Valustioat
At 1 Apnl 2022		284,091
Additions		61,13&
Disposals		(50,893)
Revaluanons		(27,456)
At 31 March 2023		266,878
Carrying smouat stfair value:
Ai 31 March 2023		2662178
At 1April 2022

12.	DEBTORS:a	mounts fal	hng duc within one year
				2023	2022
				6	8
	Trade debtors			13,526	192.332
	income due &om residents			273,415	222,634
	Other debtors
	Prepsyments			187338	92,295
				474.279	507,261
13,	CREDITORS: ataounts		faBing due critbin onc year
				2023	2022
				8	f
	Trade creditors			169,236	141,078
	Taxation and Social Security			56.857	59,580
	Other creditors			36,138	31,174
	Accruale			104,750	61,061
	Deferred grant	income (note 15)		l90,477	190,477
				557,458	483,370
14.	CREDITORS: amounts		fagiag doe after mare than oaeyear
				21I23	2022
	Deferred grant	income (note 15)		4,441,957	4,632.434
				4,441,957	4,632,434
15.	DEFERRED GRANT INCOME
				2023f	2022
	At l April			4,82291t	5,013,388
	Orant received	in drc year
	Reteamd to income in tire		year	(190,477)	(190,477)
	At 31 Marsh			4,632,434	4,M2.911
				2023	2022f
	Amounts to be	released within onc year		190,477	190,477
	Amounts to bc	rclcased in	mme than one year	4.441,9S7	4,632,434
				4.632,434	4.822,911

RKYENUE RKSERYK
				2023	2022
Balance at I April				5,166,000	5,077,771
Surplus/(Deficit) for tbe year	ager transfers		to/from rcscrvcs	(39,319)	88,229
Balance at31March				5,126,6$1	5,166,000
CASH FLOW FROM OPERATING		ACTIVITIFB
				2023f	2022f
Sutplua/(Deficit) for the year				(39,319)	88,229
Adjmunents for non-cash Items:
Depmciation charges -	housing properties			284.400	283,926
	finnililte	ftsmret, fttungs anil c$utpmwd		74,990	48&531
-	motor vehicles			1.666	2.695
(Incnnse)/Decrease in debtors				32,9lt2	(87,259)
Inert/iso/ (Dccrcesc) itl crcdllois				74.088	34,844
Pension deficit payments made				(99,926)	(99,883)
Increase/(Decream) in pension liability				17st83	(1427)
Carrying amount oftangible	fixed easel	disposals
Adjusimenls for investing orfinancing (Profit)/Loss on sale rffixed assets Oovcmment tpants utilised in thc year		schvities:		{l,l76) {190,477)	(302,$92) {190,477)
Interest receivable				(106)	{910)
Dividends received				(5J$4)	(4,989)
investment losses/(gains)				27,456	(7.840)
Investment charges				2,646	2.863
Ncl cash outflow fiom operating aodvities				l79.623	(234,689)
OPKRATINC LEASES
				Laml and	Land and
				Bmldiags	Buildiags
				2023	2022
				8	8
Fututa minimum lease payments for aoawanccilabtc
Operating leases payable in:
Less than one year				20,000	20,000
Between one and five years				80,000	80.000
Over five years				11.667	31,667
				111,667	13I467