REGISTERED CHARITY NUMBER.. 1009238 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2025 for Llandove 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 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activitles Balance Sheet Notes to the Financlal Statements 9 to 21 Detailed Statement of Financial Activities 22 to 23
Llandover Youth and Communit Centre Re ort of the Trustees for the Year Ended 31st March 2025 The trustees present their report with the financial statements of the charity for the year ended 31st March 2025. 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 Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective l Ja n uary 20191. OBJECTIVES AND ACTIVITIES Objectives and activities for the publlc benefit. Llandovery Youth and Community Centre continues to serve members of the community uslng the fac51ities for groups, clubs, activities, job-searching, advice and guidance, IT support, photo-copying, volunteering and undertaklng online courses. In recent times, a foodbank has been added to the servSces offered. Its role as a real hub came into its own during the Coronavirus Lockdowns which demonstrated what an essential role the Centre plays in the town. A number of organisations use the LYCC as their polnt of contact and support. The charity is funded from a number of sources including rental of premises and charitable grants and donations, The trustees confirm that they have complied with thelr duty in section 1715) of the 2011 Charltles Act wlth regard to the Charity Commission's general guidance on public benefit when reviewing the Charity's and objectlves and in planning of future activities. Page I
Llandover Youth and Communit Centre ort of the Trustees for the Year Ended 31st March 2025 OBJECTIVES AND ACTIVITIES Significant activities The LYCC was awarded a National Lottery Community Fund grant of £355,350 over 3 years for a project entitled Into the Future with the LYCC, This much needed funding has enabled the LYCC to provide new services, add additional courses and better serve the local community, We were also grateful for funding received from the Co-operative Members, Fund during the year and a micro-commissioning grant via NACRO. The Hybu project also obtained funding from Ffilm Cymru. Funding in the sum of £61,348 was received from the UK Prosperity Fund and this enabled the Centre to undertake refurbishment of all the rooms in the building and also to add new furniture and equipment. This gave the Centre a much-needed enhancement of its facilities. Activities progressed as follows: Willow weaving continues and is enthusiastically well attended. Jam sessions have been held in the Muslc Room and a Young Parent Project undertaken at the Centre by Plant Dewi. Collaborative working with other agencles is a major part of our work. NACRO run a monthly drop in at the Centre which includes up to 8 different organisations, covering a wide range of needs, who provide help and assistance to communlty members, The After School Club continued to be busy and active, obtaining maximum benefit from new computer equipment provided under the UK Prosperity Fund. There is always a great deal of creative activity, games and tending of the LYCC garden Local day trlps have been organlsed to various local venues and places of interest, includlng a monthly shopplng trip to Brecon. These are particularly helpful for those who do not have their own transport and enjoy the companionship of going out together. A meet up group for senior citizens was introduced and this has met with enthusiasm by the participants. They meet regularly, have visiting speakers, undertake crafts, games and enjoy a relaxed and encouraging environment. Outings were arranged during the year including a trip to the Brecon Chrlstmas Market, Community members have appreciated a new Tai Chi Shibashl Eroup in the LYCC. This has been of great advantage to those who need a relaxing environment and those recovering from physical disabilities have spoken of improvements to their condition. Apart from our usual workshops, additional sessions were run during the year; enamelling workshops being a particular favourite. The Youth Club continues to be a safe and happy environment for young people to get together and includes cooking, games, quizzes, music, fashion, IT and more besides. Outings, such as ten pin bowlin& visiting places of interest, beach trips etc was also a feature of the club. This is particularly important for young people who live in Llandovery because of rural transport problems which often exclude them from these sorts of activities. Page 2
Llandover Youth and Communit Centre Re ort of the Trustees for the Year Ended 31st March 2025 OBJECTIVES AND ACTIVITIES 28 young people enjoyed the summer camp in Somer5et and Cornwall wlth adventures In wall climbing, Surfing, kayaking, boating, swimming and lots of craft and music activities and workshops at the youth camp at Creationfest in the Royal Cornwall Showground. Much fundralsing was engaged in to make the camp a success and the young people all returned with lots of stories of all they had done during the week. It is a great opportunity to build confidence and self worth in these camps. '1 have never known him to be so excited about anything and he has not stopped talk about it" was a quote from one parent. The After School Club continues to be an excellent facility for children aged 9 to 11 where they can meet their friends, undertake all sorts of crafts, games, activities and have use of the Digilab facilities. The club, attendance at which is at a very low cost for each child, is a real asset to working parents who would otherwise struggle with childcare for the last two hours of the day. A series of Sign Language courses were held, Participants included staff, those who attend other workshops in the LYCC and the general public. It Ss intended that further courses will be held In thls subject as the demand was great. The Frlday Woodland Ecotherapy continues in Llansteffan with participants being involved in forestry maintenance, building with wood, carving, fire-making, tool making and creating a social/eating place for people to gather, talk together and share their life experiences - an invaluable resource for many who need a time apart from their day to day life, The LYCC was the base for the Llandovery Sheep Festival, providing refreshments and practice space for muslclanslactors etc. The festival was a great success with thousands of people visiting the town. Funding was awarded under the Big Carmarthenshire Food Conversation Project but received during 2025-26 financlal year. This was to provide a series of workshops to include the challenges faced around food and explore solutions. The LYCC was to commence this in April 2025. The core work of the LYCC continued with a Drop In facility for all community members from 9.00 am tlll 5,30 pm Monday to Friday. With connections with a number of organisations in the area we are able to provide information, assistance, a listening ear and help with IT which is proving to be invaluable for the older generation, The office is always busy with community members seeking advice and help. We partner with Citizens Advice and have 2 digital facility to connect enquirers to their advisors. The Centre also operates a "warm hub for people who find it difficult to heat their homes. Tea/Coffee/Biscuits are provided in a warm environment. The LYCC minibu5 continues to be used by local community groups, including Scouts, Junior Football, Rotary Club, Llandovery College, Tennis Club, local churches and chapels. The Lottery-funded purchase of the bus ten years ago ha5 proved a real asset to the LYCC and the local community. Weekly worl<shops continued at the Centre including: IT/computer Support Group GardeninE Group Knitter Natter Group Creative Writing Course Art Psychotherapy Sessions Page 3
Llandover Youth and Communit Centre ort of the Trustees for the Year Ended 31st March 2025 OBJECTIVES AND ACTIVITIES Pyrography Art for Fun and Relaxation Sewing/craft Group An art exhibition entitled Yma o Hyd" was held and included pieces of work from the craft/art/sewing workshops undertaken at the Centre. This proved to be a real showcase for what could be achieved and also encouraged the concept of Welsh culture in the work undertaken. Wreath Workshops held at the LYCC are seen as the beginning of Christmas" by many communlty member5. With as many workshops as could be fitted in, the workshops were Still over-subscr5bed, A number of organisations continue to rent rooms for meetings/workshops, including English for Ukrainians, Carmarthenshire Carers, Manor Road Day Centre (who have a weekly outinE to Llandovervl, West Wales Adoption Society and many others on an ad hoc basis. ACHIEVEMENTS AND PERFORMANCE The LYCC has continued to thrive during the year, bringing joy and pleasure to many and has further enhanced its role in the local community, being referred to often as "Llandovery's 4th Emergency Service" FINANCIAL REVIEW Financlal position During the reportlng period the Charity has mainly been funded by the grants received from the Lottery which were the Big lottery Fund and the Llandovery Coordinators Project. Income for the year rose to £267,714 12024,. £199,971) mainly as a result of the funding received by the Llandovery Co-ordinators project, Net incoming resources for the year amounted to £46,228 in 2024/25 compared to £38,903 in 2023124. Total net funds as at 31 March 2025 amounted to £258,646, comprising of £172,469 (2024: £159,691) of unrestricted funds and £86,17712024: £52,727) of restricted funds. Reserves pollcy It is noted that as at 31 March 2025 Llandovery Youth & Community Centre had free reserve5 of £25,269 {2024.. Nill. 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 months. It is anticipated that with the increased use of the LYCC this target will be met in the future. This policy will be reviewed annually by the Management Committee. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng 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 with the Charities Commission. The Management Committee has ultimate responsibility for the management and financial matters of Llandovery YCC. Responsibility for the day to day running of the organisation is delegated as appropriate to the Chairman and the Centre Manager. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1009238 Page 4
Llandove Youth and Communit Centre ort of the Trustees for the Year Ended 31st March 2025 Principal address Gerwyn House Market Square Llandovery Carmarthenshlre SA20 OAB Trustees A P Barl<er W Thomas Mrs H Touch Mrs P Tyler Independent Examiner Miss C H Llwyd FCA FCCA Ashmole & Co 9 Broad Street Llandovery Carmarthenshlre SA20 OAR Bankers Barclays Bank PIC Leicester Leicestershlre LE87 2BB Approved by order of the board of trustees on . 29 diYAts£Y 20 2L and signed on its behalf by., A P Barker- Trus ee Page 5
Inde endent Examlner's Re ort to the Trustees of Llandover Youth and Communlt Centre Independent examlner's report to the trustees of Llandovery Youth and Community Centre I I'eport to the charity trustees on my exarniriatlon of the accounts of Llandovery Youth and Communlty Centre (the Trust) for the year ended 31st March 2025. Responsibil itles and basls of report As the cliarlty trustees of the Trust you are responsible for the preparatlon of the account.s In accorda nce wilh the requlroments of the Charlties Act 20111'the Act'l. I report in respoct of my examlnatlon of tlie Tru5t'5 accounts carried out under SeLtion 145 of the Act and In carrylng out my examlnatlon I have followed all appllc¢ible Dlrectloris given by the Charlty Coinmission under Section 145151{kJ} of the Act. Indèpendent examiner's statement Since your charlty's gross income exceeded £250,000 yOLJr examlner must be a member of a Ilsted body, I can confirm that l am quallfied to undertake the examlnat5on becausp l am a member of the As50ciatlon of Chartered Certlfied Accountants, whlch Is one of the Ilsted bodles. I have completed my oxairlnatlon. I conflrm that no materlal matters have come lu Iny alLentlon iri connectlon wlth the Lxamination glving ML, L(IU5e Lo belleve that In a ny material respect,. accounting reLords were not kept Iii respect of tlie Trust as reqLilred by 5ectlon 130 of the Act,. or tl)e accounts do not accord wllh those records,, or the accounls do not comply willi the applicable reqliirements concp.rnlng the forin and conteiit of accounts set out in the Charities IAccoiJnt.s and Reportsl Regiilatlons 2008 other than anv requirement that thL' <]ccoiints glvp a truo and fair vlew whlch Ss not a matter conslderp.d as part o)f an independent examliiatlon. I have no concerns and have come aLru55 no other matters In coiinectlon wlth the examlnation to whlch attontSon should be drawn iri tl)Is re.pnrt I n order to eriable a proper understandlng of the accouiits to be reachpd. Mlss C H Llwyd FCA FCCA Ashmole & Co Y Broad Street Llandovery Carmfirthenshlre SA20 OAR Date.. Page 6
Llandover Youth and Communit Centre statement of Financial Activities for the Year Ended 31st March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donation5 a nd legacies 6,851 6,851 2,039 Charitable 3Ctlvitles Activitie5 and Events 27.305 217,725 245,030 188,699 Other trading activities 15,833 15,833 9,233 Tota I 49,989 217,725 267,714 199,971 EXPENDITURE ON Raising funds 1,859 7,836 9,695 9,820 Charitable activities Activities and Events Governance Costs 30,040 1,819 167,715 2,945 197,755 4,764 141,850 1,681 other 3,493 5,779 9,272 7,717 Total 37,211 184,275 221,486 161,068 NET INCOME 12,778 33,450 46,228 38,903 RECONCILIATION OF FUNDS Total funds brought forward 159,691 52,727 212,418 173,515 TOTAL FUNDS CARRIED FORWARD 172,469 86,177 258,646 212,418 The notes form part of these financial statements Page 7
Llandover Youth and Communit Centre Balance Sheet 31st March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restrlcted funds funds Notes FIXED ASSETS Tangible assets 12 147,200 47,784 194,984 188,712 CURRENT ASSETS Debtors Cash at bank 13 150 27,876 150 66,269 27,100 1,064 38,393 28,026 38,393 66,419 28,164 CREDITORS Amounts falling due within one year 14 (2,757) (2,757} 14,4581 NET CURRENT ASSETS 25,269 38,393 63,662 23,706 . TOTAL ASSETS LESS CURRENT LIABILITIES 172,469 86,177 258,646 212,418 N ET ASSETS 172,469 86,177 258,646 212,418 FUNDS U nrestricted funds Restricted funds 15 172,469 86,177 159,691 52,727 TOTAL FUNDS 258,646 212,418 The financi31 statements were approved by the Board of Trustees and authorised for issue on £9..J.ryv..wy...2). 2 and were signed on its behalf by: 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 2025 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 IFRS 102) '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 Republic of Ireland IFRS 102} (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financlal statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entltlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Llabilities are recognlsed as expenditure as soon as there is a legal or construct5ve obllgation om mitting the charity to that expenditure, it is probable that a transfer of econom ic benef its wlll be required in settlement and the amount of the obligation can be measured reliably. Expenditure 15 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 actlvities on a basis consistent with the use of resources. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its esti m ated usefu I life. Freehold property Improvements to property Property fixtures & equipment Motor vehicles Computer equipment 2% on cost of building IO% on cost 15% on cost 20% on cost 33% on cost Taxatlon The charity Is exempt from tax on its charitable activities. Fund accountlng Unrestricted 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 charitv. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further expla nation of the nature and purpose of e3ch fund is included in the notes to the financial statements. Page 9 continued.
Llandover Youth and Communit Centre Notes to the Financi21 Statements- continued for the Year Ended 31st March 2025 ACCOUNTING POLICIES- continued Penslon costs and other post-retirement benefit5 The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the perlod to whlch they relate. The charity also makes direct Gontributions to the personal pension scheme of J Tatman, Total contributions for the year amount to £3,504 {2024: £3,500) and is included within Staff Costs in note io. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 6,851 2,039 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Fundra islng events Room hire 2,435 13,398 3,086 6,147 15,833 9,233 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Camping trip Activities and Events Youth clubs and tuck shop Activities and Events Hybu Project Activities and Events Grants Activities and Events 11,140 2,535 5,624 225,731 5,918 2,930 179,851 245,030 188,699 Grants received, included in the above, are as follows: 31.3.25 31.3.24 Big Lottery Fund Carmarthenshire County Council Small Grants Fund Lottery - Llandovery Coordinators Project Carmarthenshire County Council - UK Social Properity Fund co-op NACRO 113,502 98,659 4,781 19,545 50,412 6,454 77,190 18,159 8,630 5,000 Carried forward 222,481 179,851 Page 10 continued...
Llandover Youth and Communit Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2025 INCOME FROM CHARITABLE ACTIVITIES - continued 31.3.25 31.3.24 Brought forward Ffilm Cymru Wales 222,481 3,250 179,851 225,731 179,851 RAISING FUNDS Raising donations and legacies 31.3.25 31.3.24 Support costs 9,695 9,820 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 71 Support costs (see note 81 Totals Activities and Events Governance Costs 131,138 66,617 4,764 197,755 4,764 131,138 71,381 202,519 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.25 31.3.24 Travel Camping trip expenses Training and workshops Tuck shop expenses Donations 4,080 6,885 113,930 3,495 2,748 2,837 6,779 57,436 1,606 1,273 131,138 69,931 Page 11 continued...
Llandover Youth and Communit Centre Notes to the Financial Statement5 - continued for the Year Ended 31st Marth 2025 SUPPORT COSTS Governance Management Other costs Tota Is Raising donatlons and legacies Other resources expended Activities and Events Governance Costs 9,695 9,695 9,272 66,617 4,764 9,272 66,617 4,764 76,312 9,272 4,764 90,348 Support costs have been apportioned to raising donations and legacies at the following percentages: 25% of J Tatman's salary. IO% of administr3tive expenses. IO% of J Tatman's salary has also been apportioned to governance costs. Support costs, included in the above, are as follows., Management 31.3.25 31.3.24 Raising donations and legacies Activities and Events Total activities 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 7,363 41,753 3,895 751 1,683 4,254 2,012 3,579 54 8,431 205 49,116 3,895 835 1,870 4,727 2,236 3,977 60 9,368 228 46,425 3,954 562 1,934 3,243 898 2,365 208 19,152 213 84 187 473 224 398 937 23 9,695 66,617 76,312 78,954 Page 12 continued...
Llandover Youth and Communit Centre Notes to the Financial Statements- continued for the Year Ended 31st March 2025 SUPPORT COSTS- continued Other 31.3.25 Other 31.3.24 resources expended Total activities Depreciation of tangible fixed assets 9,272 7,717 Governance costs 31.3.25 Governance Costs 31.3.24 Total activitles Wages Accountancy fees 2,945 1,819 2,785 1,681 4,764 4,466 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. 10. STAFF COSTS 31.3,25 31.3.24 Wages and salaries Employer pension 52,061 3,895 49,210 3,954 55,956 53,164 The average monthly number of employees during the year was as follows: 31.3.25 31.3.24 Management and administration No employees received emoluments in excess of £60,000. Page 13 continued...
Llandover Youth and Communit Centre Note5 to the Financial Statement5 - continued for the Year Ended 31st March 2025 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES U nrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donatio ns and legacies 2,037 2,039 Charita ble activitles Activities and Events 15,302 173,397 188,699 Other trading activities 9,233 9,233 Total 26,572 173,399 199,971 EXPENDITURE ON Raising funds 9,820 9,820 Cha rltable actlvlties Activities and Events Governance Costs 6,868 1,681 134,982 141,850 1,681 Other 3,493 4,224 7,717 Total 21,862 139,206 161,068 NET INCOME 4,710 34,193 38,903 RECONCILIATION OF FUNDS Total funds brought forward 154,980 18,535 173,515 TOTAL FUNDS CARRIED FORWARD 159,690 52,728 212,418 Page 14 continued...
Llandove Youth and Communit Centre Notes to the Ftnancial Statements- continued for the Year Ended 31st March 202S 12. TANGIBLE FIXED ASSETS Improvements to property Property fixtu res & equipme Freehold property COST At 1st April 2024 Additions 160,000 113,991 15,545 56,272 At 31st March 2025 160,000 129,536 56,272 DEPRECIATION At 1st April 2024 Charge for year 9,600 3,200 75,972 5,780 56,272 At 31st March 2025 12,800 81,752 56,272 NET BOOK VALUE At 31st March 2025 147,200 47,784 At 31st March 2024 150,400 38,019 Motor vehicles Computer equipment Totals COST At 1st April 2024 Addition5 36,722 24,394 391,379 15,545 At 31st March 2025 36,722 24,394 406,924 DEPRECIATION At 1st April 2024 Charge for year 36,722 24,101 293 202,667 9,273 At 31st March 2025 36,722 24,394 211,940 NET BOOK VALUE At 31st March 2025 194,984 At 315t March 2024 293 188,712 Page 15 continued.
Llandover Youth and Communit Centre Notes to the Financial Statements- continued for the Year Ended 31st March 2025 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31,3.25 31.3.24 Trade debtors Prepayments 26,950 150 150 150 27,100 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3,25 31.3.24 Trade credltors Social security and other taxes Other cred itors Accrued expenses 1,164 1,927 88 1,279 1,390 1,367 2,757 4,458 15, MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestrlcted funds General fund 159,691 12,778 172,469 Restricted funds Big Lottery Grant- Cost of Living Lottery - Writers Workshops Lottery- Llandovery Coordinators Project Carmarthenshire County Council- UK Social Prosperity Fund 3,378 308 {3,3781 13081 11,023 26,523 37,546 38,018 10,613 48,631 52,727 33,450 86,177 TOTAL FUNDS 212,418 46,228 258,646 Page 16 continued...
Llandover Youth and Communit Centre Notes to the Financial Statements- continued for the Year Ended 31st March 2025 15. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 49,989 137,211) 12,778 Restricted funds Blg Lottery Grant Big Lottery Grant- Cost of Living Lottery - Writers Workshops Lottery - Llandovery Coordinators Project Carmarthenshlre County Council - UK Social Prosperity Fund FFILM CYMRU WALES 113,502 1113,502) (3,3781 {308) 13,378) (308} 82,814 {56,291) 26,523 18,159 3,250 17,546) 13,250) 10,613 217,725 1184,275) 33,450 TOTAL FUNDS 267,714 1221,486) 46,228 Comparatlves for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 154,980 4,711 159,691 Restrlcted funds 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 3,799 300 12,536 1,900 (3,799} (300) {9,158) {1,592} 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 Page 17 continued...
Uandover Youth and Communit Centre Notes to the Financial Statements - continued for the Year Ended 31st Marth 2025 15. MOVEMENT IN FUNDS- contlnued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund co-op 20,118 6,454 115,4071 16,4541 4,711 26,572 {21,861) 4,711 Restrlcted 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 Soci al Prosperity Fund 4,781 98,660 (4,7811 1102,4591 (3001 19,158} 11,592) (3,799} 1300) (9,158) 11,5921 19,546 18,5231 11,023 50,412 (12,394} 38,018 173,399 (139,2071 34,192 TOTAL FUNDS 199,971 1161,068) 38,903 Page 18 continued..
Llandover Youth and Communit Centre Notes to the Financial Statements- continued for the Year Ended 31st March 2025 15, MOVEMENT IN FUNDS- continued A current year 12 months and prlor year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 154,980 17,489 172,469 Restricted funds 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 3,799 300 12,536 1,900 13,7991 {3001 (12,5361 11,9001 37,546 37,546 48,631 48,631 18,535 67,642 86,177 TOTAL FUNDS 173,515 85,131 258,646 Page 19 continued..
Llandover Youth and Communit Centre Notes to the Financial Statements- continued for the Year Ended 31st March 2025 15. 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 Genera5 fund co-op 70,107 6,454 152,6181 (6,4541 17,489 76,561 159,0721 17,489 Restricted funds Carmarthenshire County Council Big Lottery Grant SWEA- Rural Futures Fund Big Lottery Grant - Cost of Living Lottery- Wrlter5 Workshops Lottery- Llandovery Coordinators Project Carmarthenshire County Council - UK Socia I Prosperity Fund FFILM CYMRU WALES 4,781 212,162 (4,7811 {215,9611 13001 (12,S361 11,9001 {3,7991 (3001 112,5361 11,9001 102,360 (64,814} 37,546 68,571 3,250 {19,940} 13,250) 48,631 391,124 1323,482) 67,642 TOTAL FUNDS 467,685 1382,554) 85,131 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. 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. 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 programme, its remit Is to improve access to services and build community capacity in Llandovery by appointing two coordinators to help with local events, small groups in the town and to promote new activities. Page 20 continued...
Llandover Youth and Communit Centre Notes to the Financial Statements - continued for the Year Ended 31st March 2025 15. MOVEMENT IN FUNDS- continued Carmarthenshire County Council UK Social Prosperity Fund This funding is to provide the necessary support to help strengthen the social fabric of communities, building pride In place whilst also delivering dlrect and/or indirect economic benefit. Funding received by LYCC entailed refurbishment of the building and purchase of fumiture and computer equipment. Co-op - Funding received from the local Co-op in relation to the Co-op members who support the LYCC. C2rmarthenshire 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. NACRO The Micro-commissloning grant provided by NACRO was awarded to the LYCC as a community based support group which provides activities within the parameters of being a preventative service. Ffilm Cymru Wales The Ffilm Cymru grant to the Hybu project was awarded to bring Welsh Language films into the community-run cinema in Llandovery. 16. RELATED PARTY DISCLOSURES Mr A Barker, a trustee of the charity has received fees and expenses invoiced from his self-employment for computer courses held at the LYCC totalling £2,856 in the year to 31 March 2025 (2024: £2,400). These fees relate to services outside the responsibility of a trustee and are charged at arm's length. Page 21
Llandove Youth and Communit Centre Detailed Statement of Financial Activities for the Year Ended 31st March 2025 31,3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations 6,851 2,039 Other trading activlties Fu nd raising events Room hire 2,435 13,398 3,086 6,147 15,833 9,233 Charitable artivities Camping trip Youth clubs and tuck shop Hybu Prolect Grants 11,140 2,535 5,624 225,731 5,918 2,930 179,851 245,030 188,699 Total incoming resources 267,714 199,971 EXPENDITURE Charitable actlvlties Travel Camping trip expenses Training and workshops Tuck shop expenses Donations 4,080 6,885 113,930 3,495 2,748 2,837 6,779 57,436 1,606 1,273 131,138 69,931 Support Costs Management Wages Pensions Rates and water Insurance Light and heat Telephone and internet Carried forward 49,116 3,895 835 1,870 4,727 2,236 62,679 46,425 3,954 562 1,934 3,243 898 57,016 This page does not form part of the statutory financial statements Page 22
Llandover Youth and Communit Centre Detailed Statement of Financial Activities for the Year Ended 31st March 2025 31.3.25 31.3.24 Management Brought forward Postage and stationery Sundries Repairs and maintenance Bank charges and interest 62,679 3,977 60 9,368 228 57,016 2,365 208 19,152 213 76,312 78,954 Other Freehold property Improvements to property Computer equipment 3,200 5,779 293 3,200 4,224 293 9,272 7,717 Governance costs Wages Accountancy fees 2,945 1,819 2,785 1,681 4,764 4,466 Total resources expended 221,486 161,068 Net income 46,228 38,903 This page does not form part of the statutory financial statements Page 23