REGISTERED CHARITY NUMBER: 1009238 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2024 for Llandover Youth and Communit Centre Ashmole & Co 9 Broad Street Llandovery Carmarthenshire SA20 OAR
Llandover Youth and Communit Centre Contents of the Financial Statements for the Year Ended 31st March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Flnancial Actlvities Balance Sheet Note5 to the Financial Statements 9 to 21 Detailed Statement of Financlal Actlvlties 22 to 23
Llandover Youth and Communit Centre Re ort of the Trustee5 for the Year Ended 31st March 2024 The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repvblic of Ireland {FRS 102} (effective l Januarv 20191. OBJECTIVES AND ACTIVITIES Objectives and activities for the publlc benefJt. Llandovery Youth and Community Centre continues to 5eNe members of the community using the facllities for groups, clubs, activlties, job-searching, advice and guidance, IT support, photo-copying, volunteering and undertaking onllne courses. In recent times, a foodbank has been added to the service5 offered. Its role as a real hub came into Its own during the Coronavirus Lockdowns whlch demonstrated what an essential role the Centre plays in the town. A number of organisations use the LYCC a5 their point of contact and support. The charlty Is funded from a number of sources including rental of premises and charitable grants and donations. The trustees confirm that they have complied with their duty in section 17151 of the 2011 Charlties Act with regard to the Charity Commission's general guidance on public benefit when reviewing the Charity's and objectives and in pla n ning of f uture activities. Page I
Llandover Youth and Communit Centre ort of the Trustees for the Year Ended 31st March 2024 OBJECTIVES AND ACTIVITIES Signif icant activities On 24 May 2019 the Centre was awarded a National Lottery Community Fund grant of £499,795 over 5 years for a project entitled The Well / Y Ffynnon to expand existing services, by developing a health and wellbeing hub, providing new Services to isolated and lonely people, families that are struggling and those living with mental and physical health conditions. It was also to include a drop-in centre for Support and help, provlding access to health and wellbeing information and activities, life sk1115 courses including self-management, holistic therapies, counselling and talking therapies, and access to other health and social care providers. The funding commenced on l July 2019 and will cease on 30 June 2024. In the event, the Trustees are pleased to report that a further 3 years funding was received and would commence on I September 2024. Funding was received in the sum of £70,975 from the UK Prosperity Fund for the refurbishment of the LYCC bullding. Work commenced in January 2024 and was completed withln a few months. The Trustees have appreciated the funding received from a number of organisations Includlng Llandoverv Rotary Club, Co-operative Supermarket, Carmarthenshire County Council and indlviduals withln the communlty who have made generous donations to the Charity for various projects. We have been particularly grateful to those members who have grown plants, knltted and sewed, bal<ed and made jam/chutney/marmalade for the Charity to sell towards running costs. The Foodbank continues to be a welcome addition to the work of the LYCC with many families In the area benefitting from it. There have been a number of grants, particularly from the Household Poverty Fund administered by Carmarthenshire County Council. In addition, more than 10 churches in the area regula rly provide items, as do schools/colleges in relation to their Ha rvest Festivals. We are also grateful for many private regular donations of funding and food/household items. The LYCC is a member of the Carmarthenshire Food Network which brings together all the groups and clubs in the county who are operating foodbanks, food kitchens etc to share contacts, advice and Information. The Centre has regular contact with Citizens Advice, a member of the LYCC staff is a Clt12ens Advice Trustee. A new system has been adopted in order that community members are able to mal(e contact with this organisation, via a "hot line" system between the LYCC and this arganisation. Rev Simon Bowkett has continued as the Centre's Honorary Chaplain and he continues to visit the Centre on a regular basis and, as the Rural Chaplain, undertakes visits to any farmers who need help. Working with the Rural Futures Project, the LYCC are the lead partner in a successful Lottery application in the sum of £157,404 over two years. Two coordinators were appointed at the beginning of 2024,. their roles being to support local groups in developing their activities and also to be a support and create a network for events in the town. Local residential homes for people with learning difficulties etc continue to bring residents to attend the worl<shops and activities which the LYCC provide. This partnership has been extended during 2023/24. Our various workshops continue with additional people attending: Page 2
Llandover Youth and Communit Centre ort of the Trustees for the Year Ended 31st March 2024 OBJECTIVES AND ACTIVITIES Art for Fun and Relaxation Three sessions a week continue with enthusiastic attendance by all. An exhibition is planned for November 2024 on the theme of Dragons. Art Psychotherapy service has continued to help many people during the year and frequent referrals are made to it including those suffering with anxiety, bereavement, PTSD, abuse etc. Pyrography/Woodland Ecotherapy a group which enjoys each others companles and enjoys the creativity of work with wood meet once a week at the Centre and the Woodland Ecotherapy project provide a much-need therapeutic environment once a week in Llansteffan. The work of these groups will also be displayed at the exhibition In November 2024. Computer ¢lasses/support continues to meet the needs of those who struggle with technology including computers, mobile phones, tablets etc. Willow Weavlng - Is an extremely popular group wlth all the particlpants who have created some beautiful willow woven items for home and garden this year. Gardening projects have continued and with extra funding it has been posslble to extend an modify the a rea to ma ke it more accessible to all. Music Jam Sesslons are available in the well-equipped music room where young people also learn to play instruments and perform. Youth Club continues on two nights a week. A very hectic and enjoyable summer camp was held in Devon and Cornwall for the Creationfest event. After School Club has been busy and productive during the year with the children enjoying lots of craft activities, cooking, sports, competitions, gardenlng etc. The Drop In Advice services run by the LYCC has been, as usual, much used throughout the year, especially for those who are not au fait with technology and need to access various organisations through this medium. A Wrlters, Workshop, which commenced in May 2023, has a growing number of budding writers attending a weekly session. Initially funded by the Lottery on a one year basis, these workshops will continue for 3 more years under the new Lottery funding. ACHIEVEMENT AND PERFORMANCE The Centre Manager has been asked to speak at a number of meetings of organisations throughout the year and has received overwhelming support from all. The view is that the Centre is a vital 'hub" for the town with opportunities for all age groups and an excellent support system which 15 available to all. Page 3
Llandover Youth and Communit Centre ort of the Trustees for the Year Ended 31st March 2024 FINANCIAL REVIEW Reserves policy It is noted that as at 31 March 2024 Llandovery Youth & Community Centre had no unrestricted funds which are free reserves. It is the target of the Management Committee to be able to reach the stage where the organisation holds reserves at a minimum level to continue activities for at least 3 month5. antici pated that with the increased use of the LYCC this target will be met in the f uture. This policy will be reviewed annually by the Management Committee. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by Its Constitution which was agreed by the Management Committee on 2nd April 1990 and amended on April 2023. It is registered as a Charity wlth the Charities Commisslon. The Management Committee has ultimate responsibility for the management and financlal matters of Llandovery YCC. Responsibility for the day to day running of the organisation is delegated as appropriate to the Chairrnan and the Centre Manager. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1009238 Principal address Gerwyn House Marl<et Square Llandovery Carmarthenshire SA20 OAB Trustees A P Barker W Thomas Mrs H Touch Mrs P Tyler Independent Examlner Miss C H Llwyd FCA FCCA Ashmole & Co 9 Broad Street Llandoverv Carmarthenshire SA20 OAR Bankers Barclays Bank PIC Leicester Leicestersh ire LE87 2BB Page 4
Llandover Youth and Communit Centre Re ort of the Trustees for the Year Ended 31st March 2024 Approved by order of the board of trustees on and signed on its behalf bv., A P Barker- Trustee Page 5
Inde endent Examiner's Re ort to the Trustees of Llandover Youth and Communit Centre Independent examiner's report to the trustees of Llandovery Youth and Community Centre I report to the charity trustees on my examination of the accounts of Llandovery Youth and Communitv Centre Ithe Trust) for the year ended 31st March 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Oirections given by the Charity Commission under Section 145{5llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no materlal matters have come to my attentlon in connection with the examination glving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act,, or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Miss C H Llwyd FCA FCCA Ashmole & Co 9 Broad Street L13ndovery Carmarthenshire SA20 OAR Date: 31/0112025 Page 6
Llandover Youth and Communit Centre Statement of Financial Activities for the Year Ended 31st March 2024 31,3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 8,492 173,398 181,890 133,195 Charitable activities Actlvities a nd Events 8,848 8,848 9,364 other trading activities 9,233 9,233 6,971 Total 26,573 173,398 199,971 149,530 EXPENDITURE ON Raising funds 9,820 9,820 8,620 Charltable activities Activities and Eve nts Governance Costs 6,868 1,681 134,982 141,850 1,681 131,427 1,424 other 3,493 4,224 7,717 3,999 Total 21,862 139,206 161,068 145,470 NET INCOME 4,711 34,192 38,903 4,060 RECONCILIATION OF FUNDS Total funds brought forward 154,980 18,535 173,515 169,455 TOTAL FUNDS CARRIED FORWARD 159,691 52,727 212,418 173,515 The notes form part of these financial statements Page 7
Llandover Youth and Communit Centre Balance Sheet 31st March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangi ble a55ets 12 188,712 154,186 CURRENT ASSETS Debtors Cash at bank 13 27,100 1,064 150 20,420 28,164 20,570 CREDITORS Amounts falling due within one year 14 14,458) (1,2411 NET CURRENT ASSETS 23,706 19,329 TOTAL ASSETS LESS CURRENT LIABILITIES 212,418 173,515 NET ASSETS 212,418 173,515 FUNDS U n restricted funds Restricted funds 16 159,691 52,727 154,980 18,535 TOTAL FUNDS 212,418 173,515 The financial statements were approved by the Board of Trustees and authorlsed for Issue on ..ai.Jw.¥kk(.J.;2oi£...,,. and were signed on its behalf by: T_ LJL H Touch - Trustee The notes form part of these financial statements Page 8
Llandover Youth and Communit Centre Notes to the Financial Statements for the Year Ended 31st March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charitles: Statement of Recommended Practice applicable to charities preparing their accounts in 3ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard appllcable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recogni5ed in the Statement of Financial Activities once the charity has entltlement to the funds, it is probable that the income will be recelved and the amount can be measured reliably, Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benef its will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over Its estimated useful life, Freehold property Improvements to property Property fixtures & equipment Motor vehicles Computer equipment 2% on cost of building IOQA on cost 15% on cost 20% on cost 330A on cost Taxatlon The cha rity is exempt from tax on its charitable activities. Fund accounting U n restricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 9 continued...
Llandover Youth and Communi Centre Note5 to the Financial Statements- continued for the Year Ended 31st March 2024 ACCOUNTING POLICIES- continued Pension costs and other post-retirement benefits The ch3rity operates a defined contribution pension scheme. Contribution5 payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. The charity also makes direct contributions to the personal pension scheme of J Tatman. Total contribution5 for the year amount to £3,500 and is included within Staff Costs in note 10. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Grants 2,039 179,851 5,060 128,135 181,890 133,195 Grants received, included in the above, are as follows: 31.3,24 31.3.23 Big Lottery Fund Carmarthenshire County Council Small Grants Fund SWEA- Rural Futures Lottery - Cost of Livi ng Grant Lottery - Writers workshops Lottery - Llandovery Coordinators Project Carmarthenshire County Council - UK Social Properity Fund co-op 98,659 4,781 99,034 10,503 1,940 14,758 1,900 19,545 50,412 6,454 179,851 128,135 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Fundraising events Room hire 3,086 6,147 2,421 4,550 9,233 6,971 Page 10 continued...
Llandover Youth and Communit Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2024 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Camping trip Activities and Events Youth clubs and tuck shop Activities and Events 5,918 2,930 6,623 2,741 8,848 9,364 RAISING FUNDS Raising donations and legacles 31.3.24 31,3.23 Support costs 9,820 8,620 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 7) Support costs (see note 81 Totals Activities and Events Governance Costs 69,931 71,919 1,681 141,850 1,681 69,931 73,600 143,531 DIRECT COSTS OF CHARITABLE ACTIVITIES 31,3.24 31.3.23 Travel Camping trip expenses Training and workshops Tuck shop expenses Donations 2,837 6,779 57,436 1,606 1,273 2,983 5,389 48,075 4,672 958 69,931 62,077 Page 11 continued...
Llandover Youth and Communit Centre Note5 to the Financial Statements - continued for the Year Ended 31st March 2024 SUPPORT COSTS Governance costs Management Other Tota Is Raising donations and legacies other resource5 expended Activities a nd Events Governance Costs 9,820 9,820 7,717 71,919 1,681 7,717 69,134 2,785 1,681 78,954 7,717 4,466 91,137 Support costs have been apportioned to raising donatlons and legacies at the following percentages,, 25Yo of J Tatman's salary. IO°A of administrative expenses. IOQA of J Tatman'5 salary has also been apportioned to governance costs. Support costs, included in the above, are as follows: Management 31.3.24 31,3,23 Raising donatlons and legacies Activities and Events Total activitles Total activities Wages Pensions Rates and water Insurance Light and heat Telephone and internet Postage and stationery Sundries Repairs and maintenance Bank charges and interest 6,962 39,463 3,954 506 1,741 2,919 808 2,128 187 17,236 192 46,425 3,954 562 1,934 3,243 898 2,365 208 19,152 213 51,551 3,869 475 1,524 2,466 800 2,364 232 11,887 150 56 193 324 90 237 21 1,916 21 9,820 69,134 78,954 75,318 Page 12 continued...
Llandover Youth and Communit Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2024 SUPPORT COSTS- continued Other 31.3.24 Other 31.3.23 resources expended Total activities Depreciatlon of tangible fixed assets 7,717 3,999 Governance costs 31.3,24 31.3.23 Activities and Events Govern3nceTotal Costs activities Total activitles Wages Accountancy fees 2,785 2,785 1,681 2,652 1,424 1,681 2,785 1,681 4,466 4,076 TRLISTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023. 10. STAFF COSTS 31.3.24 31.3.23 Wages and salaries other pension costs 54,203 3,869 48,546 3,877 58,072 52,423 The average monthly number of employees during the year was a5 follows: 31.3.24 31.3.23 ManaEement and administration No employees received emoluments in excess of £60,000. Page 13 continued...
Llandove Youth and Communi Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 5,059 128,136 133,195 Charitable activities Activities and Events 9,364 9,364 Other trading activities 6,971 6,971 Total 21,394 128,136 149,530 EXPENDITURE ON Raising funds 1,990 6,630 8,620 Charltable activlties Activities and Eve nts Governance Costs 22,148 1,424 109,279 131,427 1,424 Other 3,816 183 3,999 Total 29,378 116,092 145,470 NET INCOME/IEXPENDITURE Transfers between funds 17,984) 7,456 12,044 17,456) 4,060 Net movement In funds <5281 4,588 4,060 RECONCILIATION OF FUNDS Total funds brought forward 155,507 13,948 169,455 TOTAL FUNDS CARRIED FORWARD 154,979 18,536 173,515 Page 14 continued...
Llandover Youth and Communit Centre Note5 to the Financial Statement5 - continued for the Year Ended 31st March 2024 12. TANGIBLE FIXED ASSETS Improvements to propertv Property f ixtures & equipme Freehold property COST At 1st April 2023 Additions 160,000 71,748 42,243 14,029 42,243 At 315t March 2024 160,000 113,991 56,272 DEPRECIATION At 1st April 2023 CharEe for year 6,400 3,200 71,748 4,224 14,029 42,243 At 31st March 2024 9,600 75,972 56,272 NET BOOKVALUE At 31st March 2024 150,400 38,019 At 31st March 2023 153,600 Motor vehicles Computer equipment Totals C05T At 1st Aprll 2023 Additions 36,722 24,394 306,893 84,486 At 31st March 2024 36,722 24,394 391,379 DEPRECIATION At 1st April 2023 Charge for year 36,722 23,808 293 152,707 49,960 At 31st March 2024 36,722 24,101 202,667 NET BOOKVALUE At 31st March 2024 293 188,712 At 31st March 2023 586 154,186 Page 15 continued...
Llandover Youth and Communit Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2024 13, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3,24 31.3.23 Trade debtors Prepayments 26,950 150 150 27,100 150 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3,24 31.3.23 Trade creditors Social security and other taxes Other cred itors Accrued expenses 1,164 1,927 88 1,279 76 1,165 4,458 1,241 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3,24 Total funds 31.3.23 Tota I funds Unrestricted Restricted fund fund Flxed assets Current assets Cu rrent liabilities 150,693 13,456 14,4581 38,019 14,708 188,712 28,164 14,458) 154,186 20,570 11,241) 159,691 52,727 212,418 173,515 Page 16 continued...
Llandover Youth and Communit Centre Note5 to the Financial Statements- continued for the Year Ended 31st March 2024 16. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrbcted funds General fund 154,980 4,711 159,691 Restrlcted funds Big Lottery Grant SWEA- Rur31 Futures Fund Big Lottery Grant - Cost of Living Lottery - Writers Workshops Lottery - Llandovery Coordinators Project Carmarthenshire County Council - UK Socia5 Prosperity Fund 3,799 300 12,536 1,900 13,799) (300) 19,158) 11,5921 3,378 308 11,023 11,023 38,018 38,018 18,535 34,192 52,727 TOTAL FUNDS 173,515 38,903 212,418 Net movement in funds, included in the above are as follow5: Incoming resources Resources expended Movement in funds Unrestricted funds Gcneral fund co-op 20,118 6,454 (15,4071 16,4541 4,711 26,572 121,861) 4,711 Restricted funds Carmarthenshire County Council Big Lottery Grant SWEA- Rural Futures Fund Big Lottery Grant - Cost of Living Lottery- Writers Workshops Lottery - Llandovery Coordinators Project Carmarthenshire County Council - UK Social Prosperity Fund 4,781 98,660 14,7811 1102,4591 13001 {9,1581 {1,5921 {3,7991 13001 19, 158} 11,592) 19,546 18,5231 11,023 50,412 112,3941 38,018 173,399 1139,2071 34,192 TOTAL FUNDS 199,971 1161,068) 38,903 Page 17 continued...
Llandover Youth and Communit Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2024 16. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers between funds At 3L.3.23 At 1.4.22 Unrestricted funds General fund 155,507 17,9831 7,456 154,980 Restrlcted funds Big Lottery Grant Rural Community Inclusion project WCVA Voluntary Services Recovery Fund SWEA- Rural Futures FLsnd Big Lottery Grant - Cost of Living Lottery - Writers Workshops 1,000 185 2,799 {185) 3,799 12,763 (5,307) 300 12,536 1,900 17,4S6J 300 12,536 1,900 13,948 12,043 17,456) 18,535 TOTAL FUNDS 169,455 4,060 173,515 Comparative net movement In funds, included in the above are as follows: Incoming resources Resources expended Movement in funds U nrestricted funds General fund 21,394 129,3771 17,9831 Restrlcted funds Carmarthenshire County Council Big Lottery Grant Rural Community Inclusion project WCVA Voluntary Services Recovery Fund SWEA- Rural Futures Fund Big Lottery Grant - Cost of Living Lottery- Writers Workshops 10,504 99,033 110,504} (96,234} 1185) 2,799 11851 (5,3071 {1,6401 {2,2231 {5,3071 300 12,536 1,900 1,940 14,759 1,900 128,136 (116,0931 12,043 TOTAL FUNDS 149,530 1145,4701 4,060 Page 18 continued...
Llandover Youth and Communit Centre Note5 to the Financial Statements- continued for the Year Ended 31st March 2024 16. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31,3.24 At 1.4.22 Unrestricted funds General fund 155,507 (3,2721 7,456 159,691 Restrlcted funds Big Lottery Gra nt Rural Community Inclusion project WCVA Voluntary Servlces Recovery Fund Big Lottery Grant - Cost of Living Lottery- Wrlters Workshops Lottery - Llandovery Coordinators Project Carmarthenshire County Council - UK Social Prosperity Fund 1,000 185 11,0001 (1851 12,763 (5,3071 3,378 308 17,4561 3,378 308 11,023 11,023 38,018 38,018 13,948 46,235 17,4561 52,727 TOTAL FUNDS 169,455 42,963 212,418 Page 19 continued...
Llandover Youth and Communit Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2024 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund co-op 41,512 6,454 (44,7841 (6,4541 13,2721 47,966 (51,2381 13,2721 Restricted funds Carmarthenshire County Council Big Lottery Grant Rural Community Incluslon project WCVA Voluntary Services Recovery Fund SWEA- Rural Futures Fund Big Lottery Grant - Cost of Living Lottery - Writers Workshops Lottery - Llandovery Coordinators Project Carmarthenshire County Council UK Soci31 Prosperity Fund 15,285 197,693 115,2851 1198,6931 (185) 11,0001 11851 {5,307) 11,940) 111,381) 11,592) 15,3071 1,940 14,759 1,900 3,378 308 19,546 18,5231 11,023 50,412 {12,3941 38,018 301,535 {255,300) 46,23S TOTAL FUNDS 349,501 {306,538} 42,963 The Big Lottery Grant - £499,795 has been provided over 5 years Starting in 2020 for a project entitled The Well/Y Ffynnon to expand existing services by developing a health & wellbeing hub. Rural Community Incluslon Project Carmarthenshire County Council. This is a rural development fund administered by WCVA Voluntary Services Recovery Fund - This funding was additional funding from the national lottery for cost of living increases and help for the communitv. SWEA - Rural Futures Fund This funding was for a project to create a website for Llandovery to encourage tourism, add to economic growth in the area and be a source of information for the local community. The Big Lottery Cost of Living Grant This grant is intended to cover the increasing costs for the centre regarding heating & lighting costs, refreshments, materials, fuel costs and a reduction in income from donations/sales.This funding covers the 24 month period September 2022 to August 2024. Page 20 continued..
Llandover Youth and Communit Centre Notes to the Financial Statements- continued for the Year Ended 31st March 2024 16. MOVEMENT IN FUNDS- continued The Big Lottery - Writers, Workshop Grant This is a £1,900 grant received in the current financial year with classes due to start in May 2023. The Big Lottery - Llandovery Coordinators Project - This is funded by the Rural futures proEramme, its remit is to improve access to services and build communlty capacity in Llandovery by appointlng two coordinators to help with local events, small groups in the town and to promote new activities, Carmarthenshire County Council UK Social Prosperity Fund This funding 15 to provide the necessary 5UPPOrt to help strengthen the social fabric of communities, building pride in place wh ilst also delivering direct and/or indirect economic benefit. Funding received by LYCC entailed refurbishment of tho building and purchase of furniture and computer equipment, Co-op - Funding received from the local Co-op in relation to the Co-op member5 who support the LYCC. Carmarthenshire County Council This funding was a 'hot Spot, grant for the provision of a 'warm hub and refreshments, in the LYCC for the local community. 17. RELATED PARTY DISCLOSURES Mr A Barker has received fees and expenses invoiced from his self-employment for computer courses held at the LYCC totalling £2,400 in the year to 31 March 2024. Page 21
Llandover Youth and Communit Centre Detailed Statement of Financial Activities for the Year Ended 31st March 2024 31,3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations Grants 2,039 179,851 5,060 128,135 181,890 133,195 other trading activities Fundraising events Room hire 3,086 6,147 2,421 4,550 9,233 6,971 Charltable activities Camping trip Youth clubs and tuck shop 5,918 2,930 6,623 2,741 8,848 9,364 Total incomlng resources 199,971 149,530 EXPENDITURE Charltable activities Travel Camping trip expenses Training and workshops Tuck shop expenses Donations 2,837 6,779 57,436 1,606 1,273 2,983 5,389 48,075 4,672 958 69,931 62,077 Support costs Management Wages Pensions Rates and water Insurance Light and heat Carried forward 46,425 3,954 562 1,934 3,243 56,118 51,551 3,869 475 1,524 2,466 59,885 This page does not form p3rt of the statutory financial statement5 Page 22
Llandover Youth and Communit Centre Detailed Statement of Financial Activities for the Year Ended 31st March 2024 31.3.24 31.3.23 Management Brought forward Telephone and internet Postage and stationery Sundries Repairs and maintenance Bank charges and interest 56,118 898 2,365 208 19,152 213 59,885 800 2,364 232 11,887 150 78,954 75,318 Other Freehold property Improvements to property Computer equipment 3,200 4,224 293 3,200 184 615 7,717 3,999 Governance costs Wages Accountancy fees 2,785 1,681 2,652 1,424 4,466 4,076 Total resources expended 161,068 145,470 Net Income 38,903 4,060 This page does not form part of the statutory financial statements Page 23