| Pages | ||||
|---|---|---|---|---|
| Chairman's report |
||||
| Chief Executive Officer's | annual | report | ||
| Report ofthe directors | (incorporating | Strategic Report) | 3-13 | |
| Auditor's report |
14-16 | |||
| Statements ofcomprehensive | income | |||
| Statements offinancial | position | 18 | ||
| Statements ofchanges | in reserves | 19 | ||
| Statement ofcash flows | 20 | |||
| Notes to the financial statements | 21-36 |
| The format ofthis statement reflects the publication |
The format ofthis statement reflects the publication |
The format ofthis statement reflects the publication |
in | in | April | 2018 by | 2018 by | 2018 by | the | Regulator | Regulator | ofSocial Housing | ofSocial Housing | ofSocial Housing | (RSH) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| of a Value for Money Standard for registered providers. |
Performance | against | YMCA | Norfolk | value | for | |||||||||
| money targets and those specified by the RSH is | summarised | below; | comments on performance |
are | |||||||||||
| provided in respect ofthose metrics which are most appropriate |
for | YMCA Norfolk. | |||||||||||||
| Metrics specified by the regulator: | 2020-21 | 2019-20 | 2018-19 | Sector | |||||||||||
| (Group) | (Group) | 2019-20 | |||||||||||||
| 1 Reinvestment% | |||||||||||||||
| Investment in housing properties in the year as |
a | ||||||||||||||
| percentage ofthe gross book value at the year |
end | 08% | 0 5% | 1 | 8% | 54% | |||||||||
| 2A New supply delivered (social housing units) |
|||||||||||||||
| The number ofsocial housing units acquired or |
developed | ||||||||||||||
| in the year as a proportion oftotal social housing units |
|||||||||||||||
| owned at the year end | Nil | Nil | Nil | 7.3% | |||||||||||
| 28 New supply delivered (non-social housing |
units) | Nil | Nil | Nil | Nil | ||||||||||
| 3 Gearing % | |||||||||||||||
| Net debt (loans - cash) as a percentage ofthe gross value |
|||||||||||||||
| of housing properties |
-8.5% | -12.6% | -2.1% | 9.5% | |||||||||||
| 4 Earnings before interest, tax, depreciation, |
and | ||||||||||||||
| amortisation (EBITDA, major repairs included) |
interest | ||||||||||||||
| cover % | |||||||||||||||
| The level ofsurplus generated compared to interest |
|||||||||||||||
| payable | 3,885% | 3,788% | ],874% | 264% | |||||||||||
| 5 Headline social housing cost per unit |
f12,729 | f13,214 | f12,837 | 815,134 | |||||||||||
| 6A Operating margin (social housing lettings |
only) | % | 2.3%o | -4 7% | -2.2% | 5.8% | |||||||||
| 68 Operating margin (overall) % |
279% | 73% | 3 | 0% | 33% | ||||||||||
| 7 Return on capital employed % |
1Q 5% | 1 | 2% | 24% | |||||||||||
| Other YMCA Norfolk value for money targets: | Target | ||||||||||||||
| 8 Occupancy ofowned and leased properties |
|||||||||||||||
| 95 Q% | 92 | 2% | 94.3% | 94 | 4% | 962% | |||||||||
| 9 EBITDA % |
|||||||||||||||
| The level ofsurplus generated as a percentage |
of | ||||||||||||||
| turnover | 10.0% | 30.0%o | 9.6% | 5.7% | 4.3%o | ||||||||||
| We seek to make a surplus in our |
work, | to generate | funds to | reinvest | in | ||||||||||
| future services. The surplus for the year |
includes | significant | restricted | non- | |||||||||||
| housing capital grants. |
| Group | Charity | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||||
| Notes | E | f | E | E | |||
| Turnover | 2, 4 | 5,369,751 | 4,616,449 | 5,158,483 | 4,314,994 | ||
| Gain on disposal of housing | property | 786,361 | 786,361 | ||||
| Other operating income |
123,639 | 123,639 | |||||
| Operating expenditure |
(4,031,574) | (4,289,511) | (3,805,016) | (3,981,990) | |||
| Operating surplus |
1,461,816 | 1,113,298 | 1,477,106 | 1,119,364 | |||
| Interest receivable | 2,165 | 5,260 | 2,161 | 5,236 | |||
| Interest and financing |
costs | (14,364) | (11,740) | (14,364) | (11,740) | ||
| Surplus for the year | 1,449,617 | 1,106,818 | 1,464,903 | 1,112,860 | |||
| Net gain/(loss) in respect of |
pension schemes | (89,065) | (89,065) | ||||
| Total comprehensive | income | forthe year | 1,360,552 | 1,106,818 | 1,375,838 | 1,112,860 |
| Group | Charity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||||||||
| Notes | E | E | E | E | |||||||
| Fixed Assets | |||||||||||
| Tangible | fixed assets | 11,14 | 11,617,935 | 9,452,841 | 11,617,935 | 9,452,841 | |||||
| Investments | 15 | 1 | 1 | 245,853 | 245,753 | ||||||
| Goodwill | 16 | 105,185 | 140,246 | ||||||||
| 11,723,121 | 9,593,088 | 11,863,788 | 9,698,594 | ||||||||
| Current Assets | |||||||||||
| Stock | 7,541 | 8,247 | 6,598 | 6,372 | |||||||
| Trade and | other debtors | 336,457 | 547,St6 | 306,735 | 403,338 | ||||||
| Cash and | cash equivalents | 1,924,316 | 1,348,023 | 1,810,351 | 1,327,732 | ||||||
| 2,268,314 | 1,903,786 | 2,123,684 | 1,737,442 | ||||||||
| Creditors: | |||||||||||
| Amounts | failing due within | one year | (861,315) | (853,095) | (836,023) | (786,214) | |||||
| Net Current Assets | L406,999 | 1,050,691 | 1,287,661 | 951,228 | |||||||
| Total assets less | current liabilities | 13,130,120 | 10,643,779 | 13,151,449 | 10,649,821 | ||||||
| Creditors: | |||||||||||
| Amounts | falling due after one year | (7,093,699) | (5,967,910) | (7,093,699) | (5,967,909) | ||||||
| Total net assets | 6,036,421 | 4,675,869 | 6,057,750 | 4,681,912 | |||||||
| Reserves | |||||||||||
| Income and | expenditure | reserve | 5,886,421 | 4,510,817 | 5,907,750 | 4,516,860 | |||||
| Restricted | reserves | 150,000 | 165,052 | 150,000 | 165,052 | ||||||
| T | al Reserves | 6,036,421 | 4,675,869 | 6,057,750 | 4,681,912 |
| Income and | |||||
|---|---|---|---|---|---|
| expenditure | Restricted | ||||
| reserve | reserve | Total | |||
| E | E | E | |||
| GROUP | |||||
| Balance at 31March | 2019 | 3,419,052 | 150,000 | 3,569,052 | |
| Total comprehensive | income for the year | 812,967 | 293,850 | 1,106,817 | |
| Release of restricted | capital funds spent | in the year | 278,798 | (278,798) | |
| Balance at 31March | 2020 | 4,510,817 | 165,052 | 4,675,869 | |
| Total comprehensive | income for the year | 16,241 | 1,344,311 | 1,360,552 | |
| Release of restricted | capital funds spent | in the year | 1,359,363 | (1,359,363) | |
| Balance at 31March | 2021 | 5,886,421 | 150,000 | 6,036,421 | |
| CHARITY | |||||
| Balance at 31March | 2019 | 3,419,052 | 150,000 | 3,569,052 | |
| Total comprehensive | income for the year | 819,010 | 293,850 | 1,112,860 | |
| Release of restricted | capital funds spent | in the year | 278,798 | (278,798) | |
| Balance at 31March | 2020 | 4,516,860 | 165,052 | 4,681,912 | |
| Total comprehensive | income for the year | 31,527 | 1,344,311 | 1,375,838 | |
| Release of restricted | capital funds spent | in the year | 1,359,363 | (1,359,363) | |
| Balance at 31March | 2021 | 5,907,750 | 150,000 | 6,057,750 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| E | ||||||||
| Net cash (consumed in) / |
generated | from operating | activities (as below) | 1,444,770 | 638,227 | |||
| Cash flow from investing | activitites | |||||||
| Proceeds of disposal | oftangible | fixed assets | 865,720 | |||||
| Purchase of tangible | fixed assets | (1,853,433) | (330,714) | |||||
| Purchase of subsidiary (net ofcash |
acquired) | (116,444) | ||||||
| Interest received | 2,165 | 5,260 | ||||||
| Cash flow from financing | activitites | |||||||
| Loans advanced | 994,000 | |||||||
| Interest paid |
(7,888) | (7,259) | ||||||
| Repayment of borrowings |
(3,321) | (713) | ||||||
| Net change in cash and cash equivalents |
576,293 | 1,054,077 | ||||||
| Cash and cash equivalents | at beginning | of the | year | 1,348,023 | 293,946 | |||
| Cash and cash equivalents | at end of | the | year | 1,924,316 | 1,348,023 | |||
| Net cash flow generated | from operating | activities | is | calculated as: | ||||
| Operating surplus for the |
year | 1,461,816 | 1,113,298 | |||||
| Adjustment for non-cash |
items: | |||||||
| Depreciation of tangible fixed assets |
201,174 | 199,700 | ||||||
| Amortisation of goodwill |
35,061 | 35,061 | ||||||
| Deferral of capita I grants |
200,000 | |||||||
| Release of deferred | capital grants | (89,211) | (87,223) | |||||
| Donation in kind |
(550,000) | |||||||
| Adjustment to pension liability |
on | change of discount rate | 6,588 | (10,362) | ||||
| (Increase) / decrease in stocks |
707 | (1,467) | ||||||
| (Increase) / decrease in trade and |
other | debtors | 211,059 | 16,510 | ||||
| Increase / (decrease) in trade and |
other | creditors | (69,916) | 151,048 | ||||
| Net (gain) / loss on | disposal of | tangible | fixed | assets | 37,492 | (778,339) | ||
| Net cash generated from |
operating activities |
1,444,770 | 638,227 |
| Group and | Charity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Social housing income generated |
by accommodation | and | 2021 | 2020 | |||||
| other housing support |
E | E | |||||||
| Rent receivable excluding |
voids | 2,053,667 | 1,995,397 | ||||||
| Accommodation charges re supported |
lodgings | 173,157 | 218,203 | ||||||
| Revenue grants |
404,127 | 453,554 | |||||||
| Release of deferred grant | income | (see | note 21) | 89,211 | 87,223 | ||||
| Other housing income |
185,290 | 154,178 | |||||||
| Total housing income before interest receivable |
2,905,452 | 2,908,555 | |||||||
| Regulated | Non- | ||||||||
| Social Housing | Regulated | 2021 | 2020 | ||||||
| E | E | E | |||||||
| GROUP | |||||||||
| Turnover | 2,905,452 | 2,464,299 | 5,369,751 | 4,616,449 | |||||
| Gain on disposal of housing | property | 786,361 | |||||||
| Other operating income |
123,639 | 123i639 | |||||||
| Operating expenditure |
(2,876,848) | (1,154,726) | (4,031,574) | (4,289,511) | |||||
| Operating surplus / (deficit) |
28,604 | 1,433,212 | 1,461,816 | 1,113,298 | |||||
| Interest and investment |
income | 2,165 | 2,165 | 5,260 | |||||
| Interest payable | (8,577) | (5,787) | (14,364) | (11,740) | |||||
| Surplus / (deficit) for the year | 20,027 | 1,429,590 | 1,449,617 | 1,106,818 | |||||
| Rent losses from voids | 173,809 | 120,871 | |||||||
| CHARITY | |||||||||
| Turnover | 7/aha, 457 | 7,253,031 | 5,158,483 | n,31n,ggn | |||||
| Gain on disposal of housing | property | 786,361 | |||||||
| Other operating income |
123,639 | 123,639 | |||||||
| Operating expenditure |
(2,876,848) | (928,168) | (3,805,016) | (3,981,990) | |||||
| Operating surplus / (deficit) |
28,604 | 1,448,502 | 1,477,106 | 1,119,364 | |||||
| Interest and investment | income | 2,161 | 2,161 | 5,236 | |||||
| Interest payable |
(8,577) | (5,787) | (14,364) | (11,740) | |||||
| Surplus / (deficit) for the year | 20,027 | 1,444,876 | 1,464,903 | 1,112,860 | |||||
| Rent losses from voids | 173,809 | 120,871 |
| 3. | ACCOMMODATION IN MANAGEMENT |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The stock of social housing accommodation |
owned | and | managed | by YMCA Norfolk as | a Registered | Social | ||||||||
| Landlord at the beginning and end of |
the year was | as | follows: | |||||||||||
| 2021 | 2020 | |||||||||||||
| Number | Number | |||||||||||||
| Supported housing and lodgings: |
Owned | and managed | 141 | 141 | ||||||||||
| Managed but not owned |
85 | 90 | ||||||||||||
| 226 | 231 | |||||||||||||
| 4. | NON-REGULATED GRANT INCOME |
Group and | Charity | |||||||||||
| 2021 | 2020 | |||||||||||||
| E | E | |||||||||||||
| Turnover includes the following grants |
partly funding | specific activities: | ||||||||||||
| Youth Investment Fund, for Youth-West Partnership |
173,772 | 154,762 | ||||||||||||
| Big Lottery Fund and European Social |
Fund, for On | Track | 101,808 | 91,560 | ||||||||||
| West Norfolk Clinical Commissioning | Group, for SOS | Bus | 16,296 | 37,476 | ||||||||||
| Active Norfolk, for various youth activities |
17,250 | 31,823 | ||||||||||||
| Norfolk Museums Service, for Kick the |
Dust | 22,918 | 22,649 | |||||||||||
| Oak Grove Community Church, for youth clubs |
5,500 | 16,001 | ||||||||||||
| Homeless Link |
45,354 | |||||||||||||
| Norwich City Council Grant, for Stepping Stones cafe |
15,343 | |||||||||||||
| Norwich City Council Grant, for Pathways bedspace |
accomodation | 20,000 | ||||||||||||
| Anguish's Educational Foundation, for |
Life | Ready Norwich | 24,709 | |||||||||||
| National Lottery Community Covid-19, |
for | On Line | Delivery | 10,000 | ||||||||||
| The Coronavirus Job Retention Scheme (CJRS) |
123,639 | |||||||||||||
| Broadland YAB,for Wellbeing project |
11,000 | |||||||||||||
| Capital grants for the establishment of YMCA Aylsham |
Road, Norwich: | |||||||||||||
| The Lind Trust - Jubilee Centre (donation | in kind) | 550,000 | ||||||||||||
| The Lind Trust - contributions to the |
redevelopment | 500,000 | ||||||||||||
| The Bernard Sunley Foundation | 30,000 | |||||||||||||
| The Clothworkers Foundation |
100,000 | |||||||||||||
| Anguish's Educational Foundation |
15,000 | |||||||||||||
| The Norwich Freeman's Charity |
90,000 | |||||||||||||
| Anne French Grant | 2,000 | |||||||||||||
| All Churches Trust Ltd |
25,000 | |||||||||||||
| Norfolk County Council | 2,311 | |||||||||||||
| Lord Cozens Hardy Trust | 5,000 | |||||||||||||
| The Paul Bassham Charitable Trust |
25,000 | 25,000 | ||||||||||||
| Garfield Weston Foundation | 100,000 | |||||||||||||
| The Geoffrey Watling Charity |
40,000 | |||||||||||||
| Norwich Consolidated Charities |
50,000 | |||||||||||||
| Beatrice Laing Trust | 50000 | |||||||||||||
| In addition to those listed in turnover, |
a grant amounting | to f200,000was received within | the year | from Norfolk | County | |||||||||
| Council towards the establishment of |
YMCA Aylsham | Road. This grant features | within | Deferred Grant Income. | ||||||||||
| Grants recognised in the year were credited to separate |
restricted | funds, and were fully spent by the year end. |
| 5. | OPERATING SURPLUS |
Group | Charity | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||||||
| E | E | E | E | ||||||
| The operating surplus is stated after |
charging | / (crediting): | |||||||
| Depreciation on housing properties |
141,810 | 139,839 | 141,810 | 139,839 | |||||
| Depreciation on other tangible fixed |
assets | 59,364 | 59,861 | 59,364 | 59,861 | ||||
| (Gain) / loss on disposals of tangible | fixed assets | 37,492 | (778,339) | 37,492 | (778,339) | ||||
| Operating lease agreements |
138,554 | 156,019 | 138,554 | 156,019 | |||||
| Rent losses from bad debts | 21,996 | 46,181 | 21,996 | 46,181 | |||||
| Other bad debts | 901 | ||||||||
| Auditor's remuneration (including |
irrecoverable | VAT): | |||||||
| audit fees | 10,562 | 10,362 | 8,244 | 8,112 | |||||
| non-audit fees |
201 | 490 | |||||||
| 6. | INTEREST RECEIVABLE AND OTHER | INCOME | Group and Charity | ||||||
| 2021 | 2020 | ||||||||
| E | |||||||||
| Interest receivable from deposits |
2,162 | 5,236 | |||||||
| 7. | INTEREST PAYABLE AND FINANCING | COSTS | |||||||
| On loans wholly or partly repayable | in more than five years | 7,650 | 7,259 | ||||||
| Interest on liability for pension deficit recovery | payments | (note 23) | 6,714 | 4,481 | |||||
| 14,364 | 11,740 |
| The remuneration paid |
The remuneration paid |
to the | CEO is set out | CEO is set out | below: | below: | Group and | Charity | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||||||
| E | E | ||||||||||||
| CEO gross salary | 58,243 | 57,231 | |||||||||||
| CEO benefits-in-kind | 1,116 | 5,604 | |||||||||||
| CEO employer pension |
contributions | 6,437 | 6,329 | ||||||||||
| Total | 65,796 | 69,164 | |||||||||||
| The aggregate remuneration |
for the four (2019-20:four) key | management | personnel | (including | the CEO) | ||||||||
| charged in the year |
was: | ||||||||||||
| Gross salaries | 172,501 | 160,936 | |||||||||||
| Pension contributions | 17,253 | 17,032 | |||||||||||
| The gross salaries and | pension | contributions | reported | above | reflect salary | sacrifice arrangements | under which, | in | |||||
| common with other |
employees, | key management | personnel | have sacrificed amounts | of pay in return for | ||||||||
| additional employer |
pension | contributions. |
| EMPLOYEE COSTS | Group | Charity | ||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||||
| E | E | E | E | |||||
| Wages and salaries | 1,915,796 | 1,940,097 | 1,867,989 | 1,910,254 | ||||
| Social security costs | 146,995 | 143,956 | 142,494 | 141,769 | ||||
| Pension costs: current | employees | 155,317 | 187,029 | 150,506 | 146,044 | |||
| 2,218,108 | 2,271,082 | 2,160,989 | 2,198,067 | |||||
| The average number | of employees | expressed | as full time | |||||
| equivalents (based on |
37.5 hours | per week) was | 78 | 81 | 76 | 80 | ||
| The average number | of full and part time persons | |||||||
| employed was |
102 | 106 | 100 | 105 |
| TANGIBLE FIXED ASSETS - HOUSING | TANGIBLE FIXED ASSETS - HOUSING | TANGIBLE FIXED ASSETS - HOUSING | TANGIBLE FIXED ASSETS - HOUSING | PROPERTIES | PROPERTIES | PROPERTIES | |||
|---|---|---|---|---|---|---|---|---|---|
| Social housing properties |
held | for | letting: | Group and | Charity | ||||
| Freehold Property | Total | ||||||||
| E | |||||||||
| Cost | |||||||||
| As at 31March 2020 | 10,103,467 | 10,103,467 | |||||||
| Additions | 81,122 | 81,122 | |||||||
| Disposals | (41,137) | (41,137) | |||||||
| As at 31March 2021 | 10,143,452 | 10,143,452 | |||||||
| Depreciation | |||||||||
| As at 31March 2020 | 1,180,489 | 1,180,489 | |||||||
| Charge for the year | 141,810 | 141,810 | |||||||
| Eliminated on disposals |
(6,405) | (6,405) | |||||||
| As at 31March 2021 | 1,315,894 | 1,315,894 | |||||||
| Net Book Value | |||||||||
| As at 31March 2021 | 8,827,558 | 8,827,558 | |||||||
| As at 31March 2020 | 8,922,978 | 8,922,978 | |||||||
| Group and | Charity | ||||||||
| 2021 | 2020 | ||||||||
| E | 6 | ||||||||
| The net book value of housing | properties | pledged as security for loan | |||||||
| liabilities (see note 19)outstanding | at | the year end | was: | 3569422 | 243 976 | ||||
| SOCIAL HOUSING GRANTS |
|||||||||
| Total accumulated social |
housing | grant received or | receivable at 31 March: | 6454 581 | 6 454 581 | ||||
| Recognised in statement |
of comprehensive | income | 821,413 | 732,202 | |||||
| Held as deferred income |
5,434,280 | 5,523,491 | |||||||
| Held as Recycled Capital | Grant | 198,888 | 198,888 | ||||||
| 6,454,581 | 6,454,581 | ||||||||
| EXPENDITURE ON WORKS TO | EXISTING | HOUSING | PROPERTIES | 2021 | 2020 | ||||
| E | E | ||||||||
| Amounts capitalised |
81,122 | 52,027 | |||||||
| Amounts charged to income and expenditure |
163,757 | 167,265 | |||||||
| 244,879 | 219,292 |
| Furniture | |||||||
|---|---|---|---|---|---|---|---|
| TANGIBLE FIXED ASSETS - OTHER | Freehold | ||||||
| Property | in | and | Motor | ||||
| construction | equipment | vehicles | Total | ||||
| E | E | ||||||
| Cost | |||||||
| As at 31March 2020 | 278,798 | 649,710 | 68,145 | 996,653 | |||
| Additions | 2,072,271 | 250,367 | 2,322,638 | ||||
| Disposals | (30,592) | (30,592) | |||||
| As at 31March 2021 | 2,351,069 | 869,485 | 68,145 | 3,288,699 | |||
| Depreciation | |||||||
| As at 31March 2020 | 435,637 | 31,153 | 466,790 | ||||
| Charge for the year | 50,117 | 9,247 | 59,364 | ||||
| Eliminated on disposals |
(27,832) | (27,832) | |||||
| As at 31March 2021 | 457,922 | 40,400 | 498,322 | ||||
| Net Book Value | |||||||
| As at 31March 2021 | 2,351,069 | 411,563 | 27,745 | 2,790,377 | |||
| As at 31March 2020 | 278,798 | 214,073 | 36,992 | 529,863 | |||
| INVESTMENTS | Group | Charity | |||||
| 2021 | 2020 | 2021 | 2020 | ||||
| f | E | E | E | ||||
| investment in subsidiary |
undertakings | at cost | 245,852 | 245,752 | |||
| Other unlisted investment |
- Norwich | Housing Society Ltd | 1 | 1 | |||
| Total | 1 | 1 | 245,853 | 245,753 |
| GOODWILL | Group | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | E | |||
| As at 31March | 2020 | 140,246 | ||
| Cost: acquisition | in the year | 175,307 | ||
| Amortisation: | charge for the year | (35,061) | (35,061) | |
| Net book value | 105,185 | 140,246 |
| 17. | DEBTOR5 | Group | Charity | |||||
| 2021 | 2020 | 2021 | 2020 | |||||
| E | E | E | E | |||||
| Rent and service charges receivable | 167,984 | 185,075 | 167,984 | 185,075 | ||||
| Less: Bad debt provision | (57,517) | (73,595) | (57,517) | (73,595) | ||||
| Revenue grants receivable |
121,113 | 191,692 | 121,113 | 191,692 | ||||
| E-Learning trade debtors | 34,862 | 147,723 | ||||||
| Balances due from subsidiary undertaking |
6,449 | 11,415 | ||||||
| Prepaid expenditure | 61,674 | 74,218 | 61,674 | 73,365 | ||||
| Other debtors | 8,341 | 22,403 | 7,032 | 15,386 | ||||
| 336,457 | 547,516 | 306,735 | 403,338 | |||||
| 18. | CREDITORS: AMOUNTS FALLING |
DUE WITHIN | ONE YEAR | |||||
| Trade creditors | 121,553 | 172,506 | 110,047 | 149,968 | ||||
| Rent and service charges received | in advance | 80,323 | 65,519 | 80,323 | 65,519 | |||
| Taxation and social security | 18,159 | 81,827 | 6,791 | 40,974 | ||||
| Other creditors | 6,803 | 4,551 | 6,903 | 4,551 | ||||
| YMCA pension plan deficit contributions |
(note 20) | 42,508 | 41,167 | 42,508 | 41,167 | |||
| Accruals and deferred income |
468,730 | 399,769 | 466,212 | 396,279 | ||||
| Current portion of housing loan |
585 | 533 | 585 | 533 | ||||
| Current portion of bank loan |
35,934 | 35,934 | ||||||
| Deferred grant income (note 21) | 86,720 | 87,223 | 86,720 | 87,223 | ||||
| 861,315 | 853,095 | 836,023 | 786,214 | |||||
| 19. | CREDITORS: AMOUNTS FALLING AFTER |
MORE | THAN ONE YEAR | Group and Charity | ||||
| YMCA pension plan deficit contributions |
(note 20) | 316,634 | 257,245 | |||||
| Housing loan to be repaid within five years |
2,968 | 2,705 | ||||||
| Housing loan to be repaid after five years |
71,978 | 72,803 | ||||||
| Bank loan to be repaid within five | years | 169,351 | ||||||
| Bank loan to be repaid after five years | 786,320 | |||||||
| Deferred grant income (note 21) | 5,547,560 | 5,436,268 | ||||||
| Recycled Capital Grant Fund (note 22) |
198,888 | 198,888 | ||||||
| 7,093,699 | 5,967,909 |
| 20. | PENSION LIABILITY |
PENSION LIABILITY |
Group and | Charity | |||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| E | E | ||||||
| Opening balance |
298,412 | 344,718 | |||||
| Contributions | payable | in the year | (41,638) | (40,425) | |||
| Adjustment | on change | in discount rate | 6,588 | (10,362) | |||
| Adjustment | following | triennial | valuation | May 2020 | 89,065 | ||
| Interest on | liability | 6,714 | 4,481 | ||||
| 359,142 | 298,412 |
| Within | One to two | One to two | Two tofive | After | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| one year | years | years | five years | Total | ||||||||||
| E | E | E | E | |||||||||||
| As at | 31March | 2021 | 42,508 | 43,062 | 132,384 | 141,188 | 359,142 | |||||||
| As at | 31March | 2020 | 41,167 | 41,507 | 126,357 | 89,381 | 298,412 | |||||||
| 21. | DEFERRED GRANT INCOME | Group and | Charity | |||||||||||
| 2021 | 2020 | |||||||||||||
| E | E | |||||||||||||
| As at | 31March | 2020 | 5,523,491 | 5,809,602 | ||||||||||
| Grant | transferred to YMCA |
Norfolk | in the year | 200,000 | ||||||||||
| Grant | released | on disposal | of property | (198,888) | ||||||||||
| Recognised in statement |
of comprehensive | incoine | (89,211) | (87,223) | ||||||||||
| As at | 31March | 2021 | 5,634,280 | 5,523,491 | ||||||||||
| Amounts to be | recognised | within | one year | 86,720 | 87,223 | |||||||||
| Amounts to be | recognised | in more | than one year | 5,547,560 | 5,436,268 | |||||||||
| 5,634,280 | 5,523,491 | |||||||||||||
| Comparative information |
has been | reclassified to separately | disclose | the Recycled | Capital Grant Fund. | |||||||||
| 22. | RECYCLED CAPITAL GRANT | FUND | ||||||||||||
| As at | 31March | 2020 | 198,888 | |||||||||||
| New grants to | be recycled | |||||||||||||
| Grants | recycled | in the year | ||||||||||||
| As at | 31March | 2021 | 198,888 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Number | Number | |||
| At beginning | ofthe year | 29 | 26 | |
| New members during |
the year | 4 | ||
| Leavers during the year | (1) | |||
| At end of the | year | 28 | 29 |
| As at | Cash | Other | As at | ||||
|---|---|---|---|---|---|---|---|
| 31March | flows | non-cash | 31March | ||||
| 2020 | inovements | 2021 | |||||
| E | E | E | |||||
| Cash | 1,348,023 | 576,293 | 1,924,316 | ||||
| Loans | due | within | one year | (713) | (35,806) | (36,519) | |
| Loans | due | after | one year | (76,041) | (954,576) | (1,030,617) | |
| 1,271,269 | (414,089) | 857,180 |
| is provide | d below: |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||||||||
| Surplus for | (Deficit) for | |||||||||||
| the year | the year | Capital | and reserves | |||||||||
| E | E | E | E | |||||||||
| Josiah Vavasseur YMCA Fund |
6,942 | (5,369) | 41,009 | 34,067 | ||||||||
| The Norwich Lads' |
Club | 29,026 | (22,989) | 171,630 | 142,604 | |||||||
| 30. | FINANCIAL INSTRUIVIENTS |
|||||||||||
| The group's financial instruments |
may | be | analysed | as follows: | ||||||||
| 2021 | 2020 | |||||||||||
| E | E | |||||||||||
| Financial | assets: | |||||||||||
| Financial | assets measured | at | amortised | cost | 2,069,645 | 1,607,226 | ||||||
| Financial | liabilities: | |||||||||||
| Financial | liabilities | measured | at | amortised | cost | 1,269,012 | 238,558 | |||||
| Financial | assets measured | at | amortised | cost comprise cash at bank and in hand and trade debtors. |