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|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|
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|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.||||
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|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)|
||||||||||||||||OI|44|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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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)|
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||||||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|
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|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|
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|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||||
##
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|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|
##
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|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|
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