COMPANY REGISTRATION NUMBER: 04284605 CHARITY REGISTRATION NUMBER: 1091052 

# Fishguard and Goodwick Young Person's Trust Ltd Company Limited by Guarantee Unaudited Financial Statements 31 May 2025 

PRITCHARD & CO Chartered Certified Accountants Ffynnonddofn 74 High Street Fishguard Pembrokeshire SA65 9AU 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Financial Statements 

## Year ended 31 May 2025 

||Page|
|---|---|
|Trustees’ annual report (incorporating the director's report)|1|
|Independent examiner's report to the trustees|3|
|Statement offinancial activities (including income and||
|expenditure account)|5|
|Statement offinancial position|6|
|Notes to the financial statements|8|
|The following pages do notform partofthe financial statements||
|Detailed statement of financial activities|20|
|Notes to the detailed statement offinancial activities|20 - 24|
|Appendix 1||
|DetailedTrusteesReport|1-12|



## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Trustees’ Annual Report (Incorporating the Director's Report) 

## Year ended 31 May 2025 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 May 2025. 

## Reference and administrative details 

|Registered charity name|Fishguard and Goodwick Young Person's Trust Ltd|
|---|---|
|Charity registration number|1091052|
|Company registration number|04284605|
|Principal office and registered|Popworks|
|office|Parc-y-Shwt|
||Fishguard|
||Pembrokeshire|
||SA65 9AP|
||Wales|
|Thetrustees||



||M P Worth|
|---|---|
||N P Thomas|
||P L Morgan|
||AD<br>Care|
||K Davies|
||E R Evans|
||R Kedward|
||DV D Harries|
|Company secretary|N P Thomas|
|Independent examiner|lan Williams Chartered Certified Accountant|
||Ffynnonddofn|
||74 High Street|
||Fishguard|
||Pembrokeshire|
||SA659AU|



## Structure, governance and management 

See detailed trustees report (Appendix 1). 

## Objectives and activities 

See detailed trustees report (Appendix 1). 

1 

## Fishguard and Goodwick Young Person's Trust Ltd 

Company Limited by Guarantee 

Trustees’ Annual Report (Incorporating the Director's Report) (continuea) Year ended 31 May 2025 

## Strategic report 

See detailed trustees report (Appendix 1). Achievements and performance 

See detailed trustees report (Appendix 1). 

## Financial review 

See detailed trustees report (Appendix 1). The trustees’ annual report and the strategic report were approved on JG [rz las and signed on behalf of the board of trustees by: 

M P Worth Trustee 

2 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Independent Examiner's Report to the Trustees of Fishguard and Goodwick Young Person's Trust Ltd 

## Year ended 31 May 2025 

| report to the trustees on my examination of the financial statements of Fishguard and Goodwick Young Person's Trust Ltd (‘the charity’) for the year ended 31 May 2025. 

## Responsibilities and basis of report 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## Independent examiner's statement 

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

3 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

Independent Examiner's Report to the Trustees of Fishguard and Goodwick Young Person's Trust Ltd (continued) 

## Year ended 31 May 2025 

| 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. 

Tae tf lan Williams 

Chartered Certified Accountant Independent Examiner 

Ffynnonddofn 74 High Street Fishguard Pembrokeshire SA65 9AU 

4 

. 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Statement of Financial Activities (including income and expenditure account) 

## Year ended 31 May 2025 

||||2025||2024|
|---|---|---|---|---|---|
|||Unrestricted<br>funds|Restricted<br>funds|Totalfunds|Total funds|
||Note|£|£|£|E|
|Income and endowments||||||
|Donations and legacies|5|15,595|224,953|240,548|252,724|
|Charitable activities|6|5,742|-|5,742|10,122|
|Othertrading activities|7|6,444|1,107|7,551|7,385|
|Investment income|8|2,589|-|2,589|2,307|
|Total income||30,370|226,060|256,430|272,538|
|Expenditure||||||
|Expenditure on raising funds:||||||
|Costs ofother trading activities|9|-|245|245|~|
|Expenditure on charitable activities|10,11|4,691|229,975|234,666|252,356|
|Total expenditure||4,691|230,220|234,911|252,356|
|Net income and netmovement in|funds|25,679|(4,160)|21,519|20,182|
|Reconciliation offunds||||||
|Total funds brought forward||155,059|61,068|216,127|195,945|
|Totalfundscarriedforward||180,738|56,908|237,646|216,127|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

The notes on pages 8 to 18 form part of these financial statements. 

5 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Statement of Financial Position 

## 31 May 2025 


**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|7|
|Fixed|assets|
|Tangible|fixed|assets|17|162|1,041|
|Current|assets|
|Debtors|18|2,935|21,284|
|Cash|at|bank|and|in|hand|238,708|198,297|
|241,643|219,581|
|Creditors:|amounts|falling|due|within|one|year|19|4,159|4,495|
|Net|current|assets|237,484|215,086|
|Total|assets|less|current|liabilities|237,646|216,127|
|Net|assets|237,646|216,127|
|Funds|of the|charity|
|Restricted|funds|56,908|61,068|
|Unrestricted|funds|180,738|155,059|
|Total|charity funds|21|237,646|216,127|

**----- End of picture text -----**<br>


For the year ending 31 May 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- e | The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

The statement of financial position continues on the following page. The notes on pages 8 to 18 form part of these financial statements. 

6 

. 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Statement of Financial Position (continuea) 

## 31 May 2025 

These financial statements were approved by the board of trustees and authorised for issue on .... January 2025, and are signed on behalf of the board by: 

M P Worth N P Thomas Pyp4~cr Trustee Trustee LPF P L Morgan Trustee 

The notes on pages 8 to 18 form part of these financial statements. 

7 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Notes to the Financial Statements 

## Year ended 31 May 2025 

## 1. General information 

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Popworks, Parc-y-Shwt, Fishguard, Pembrokeshire, SA65 9AP, Wales. 2. Statement of compliance 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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 (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## 3. Accounting policies 

## Basis of preparation 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## Going concern 

There are no material uncertainties about the charity's ability to continue. 

## Disclosure exemptions 

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: 

(a) No cash flow statement has been presented for the company.(b) Disclosures in respect of financial instruments have not been presented. 

## Judgements and key sources of estimation uncertainty 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

8 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 May 2025 

3. Accounting policies (continued) 

## Fund accounting 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

## Incoming resources 

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:- 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## Resources expended 

Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- e expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- e other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

9 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continueq) 

## Year ended 31 May 2025 

3. Accounting policies (continued) 

## Tangible assets 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

## Depreciation 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Plant and machinery - 20% straight line Fixtures and fittings - 20% straight line Equipment - 25% straight line 

## Impairment of fixed assets 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

## Financial instruments 

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

## Defined contribution plans 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

10 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee Notes to the Financial Statements (continuea) 

## Year ended 31 May 2025 

4. Limited by guarantee 

Fishguard and Goodwick Young Persons Trust Ltd is a company limited by guarantee and accordingly does not have a share capital. 

Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member. 

5. Donations and legacies 

|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2025|
|||£|£|£|
|Donations|||||
|General donations||15,095|5,500|20,595|
|Grants|||||
|BBC Children In Need||~|27,042|27,042|
|Postcode Lottery||-|24,493|24,493|
|Asda Foundation||-|400|400|
|Helen Robertson Trust||_|1,000|1,000|
|Pembrokeshire Youth Bank||~|1,516|1,516|
|Stronger Starts||-|500|500|
|Belron Ronnie Lubner Charitable Foundation||500|-|500|
|National Lottery||-|-|-|
|Pembrokeshire County Council||-|6,645|6,645|
|Moondance Foundation||-|-|-|
|Families First||~|25,500|25,500|
|Families First Saturdays||-|=|-|
|The Waterloo Foundation||-|30,000|30,000|
|Co-op Community|Fund|-|-|-|
|Lions Club||-|-|-|
|Shared Prosperity|Fund|-|48,561|48,561|
|Trusthouse||-|27,379|27,379|
|Children & Communities Additional||-|4,000|4,000|
|Fishguard & GoodwickTown Council||~|-|-|
|CWYVS Support Scheme||-|-|-|
|PAVS Living Well|& Welcoming Community Spaces|-|3,000|3,000|
|Enhancing Pembrokeshire||-|19,417|19,417|
|||15,595|224,953|240,548|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2024|
|||£|a|£|
|Donations|||||
|Generaldonations||11,611|-|11,611|



11 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continueg) 

## Year ended 31 May 2025 

## 5. Donations and legacies (continued) 

||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2024|
||||2|£|£|
||Grants|||||
||BBC Children In Need||-|22,428|22,428|
||Postcode Lottery||-|-|-|
||Asda Foundation||-|-|-|
||Helen Robertson Trust||-|-|-|
||Pembrokeshire Youth Bank||-|—|-|
||Stronger Starts||-|-|-|
||Belron Ronnie Lubner Charitable Foundation||~|-|-|
||National Lottery||-|36,362|36,362|
||Pembrokeshire County Council||_|13,879|13,879|
||Moondance Foundation||-|28,839|28,839|
||Families First||-|21,500|21,500|
||Families First Saturdays||-|11,250|11,250|
||The Waterloo Foundation||-|25,000|25,000|
||Co-op Community Fund||-|4,353|4,353|
||Lions Club||-|300|300|
||Shared Prosperity Fund||-|33,854|33,854|
||Trusthouse||-|30,482|30,482|
||Children<br>& Communities Additional||~|4,000|4,000|
||Fishguard & GoodwickTown Council||-|1,100|41,100|
||CWYVS Support Scheme||-|2,766|2,766|
||PAVS Living Well<br>& Welcoming Community Spaces||-|5,000|5,000|
||Enhancing Pembrokeshire||-|~|-|
||||11,611|241,113|252,724|
|6.|Charitable activities|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2025|Funds|2024|
|||£|£|£|£|
||Sale ofgoods/services as part of|||||
||direct charitable activities|-|_|1,585|1,585|
||Payments from governments or public|||||
||authorities in the normal course of|||||
||trading|5,742|5,742|8,537|8,537|
|||5,742|5,742|10,122|10,122|
|7.|Othertrading activities|||||
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2025|
||||£|£|£|
||Sundryreceiptsandrefunds||6,444|1,107|7,551|



12 

. 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continuea) 

## Year ended 31 May 2025 

## 7. Other trading activities (continued) 

||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2024|
||||£|£|£|
||Sundry receipts and refunds||7,199|186|7,385|
|8.|Investment income|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2025|Funds|2024|
|||2|£|£|£|
||Bank interest receivable|2,589|2,589|2,307|2,307|
|9.|Costs ofothertrading activities|||||
|||Restricted|Total Funds|Restricted|Total Funds|
|||Funds|2025|Funds|2024|
|||£|£|e|£|
||Fundraising and raffle|245|245|-|-|
|10.|Expenditure on charitable activities|by fund type||||
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2025|
||||£|£|£|
||Core Costs||285|54,173|54,458|
||Popworks Drop In||4,226|153,549|167,775|
||Printworks||-|20,147|20,147|
||Support costs||180|2,106|2,286|
||||4,691|229,975|234,666|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2024|
||||£|£|£|
||Core Costs||104|52,392|52,496|
||Popworks Drop In||6,575|137,130|143,705|
||Printworks||6,759|47 338|54,097|
||Support costs||1,279|779|2,058|
||||14,717|237,639|252,356|



13 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continuea) 

## Year ended 31 May 2025 

## 11. Expenditure on charitable activities by activity type 

|||Activities|Activities|||||
|---|---|---|---|---|---|---|---|
|||undertaken<br>directly||Support<br>costs||Total funds<br>2025|Total fund<br>2024|
||||£|£||£|=|
||Core Costs|54,458|||-|54,458|52,496|
||Popworks Drop In|157,775||1,143||158,918|144,734|
||Printworks|20,147||1,143||21,290|55,126|
|||232,380||2,286||234,666|252,356|
|12.|Analysis ofsupport costs|||||||
|||Analysis of||| Analysis|of|||
||support||costs|support costs||||
|||activity 2||activity 3||Total2025|Total 2024|
||||rz|£||£|-|
||Staff costs||1,046|1,046||2,092|1,434|
||Communications and IT||97||97|194|624|
||||1,143|1,143||2,286|2,058|
|13.|Net income|||||||
||Net income is stated after charging/(crediting):|||||||
|||||||2025|2024|
|||||||£|£|
||Depreciation oftangible fixed assets|||||879|1,055|
|14.|Independentexamination fees|||||||
|||||||2025|2024|
|||||||£|£|
||Fees payable to the independent examiner for:|||||||
||Independent examination ofthe financial|statements||||300|250|
|15.|Staff costs|||||||
||The total staffcosts and employee benefits for||the reporting period are analysed as||||follows:|
|||||||2025|2024|
|||||||3|£|
||Wages and salaries|||||166,305|171,749|
||Employer contributions to pension plans|||||10,560|11,632|
|||||||176,865|183,381|



## 12. Analysis of support costs 

14 

## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continueg) 

## Year ended 31 May 2025 rc 

## a ee 

## 15. Staff costs (continued) 

The average head count of employees during the year was 6 (2024: 8). The average number of full-time equivalent employees during the year is analysed as follows: 

|The average head count of employees during <br>full-time equivalent employeesemployees during the yearyear|the year waswas 6 (2024: 8). The average<br> is analysed as follows:|average number of|
|---|---|---|
||2025|2024|
||No.|No.|
|General manager|1|1|
|Popworks Drop In|4|5|
|Printworks<br>Administration|=<br>1|1<br>1|
||6|8|



No employee received employee benefits of more than £60,000 during the year (2024: Nil). 

No employee was paid over £60,000. 

## 16. Trustee remuneration and expenses 

There were no trustees’ remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024. 

There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024. 

17. Tangible fixed assets 

|||Plant and|Fixtures and|||
|---|---|---|---|---|---|
|||machinery|fittings|| Equipment|Total|
|||£|£|£|£|
||Cost|||||
||At 1 June 2024and 31 May 2025|19,604|15,686|25,648|60,938|
||Depreciation|||||
||At 1 June 2024|18,945|15,686|25,266|59,897|
||Charge for the year|497|-|382|879|
||At 31 May 2025|19,442|15,686|25,648|60,776|
||Carrying amount|||||
||At 31 May 2025|162|-|-|162|
||At 31 May 2024|659|-|382|1,041|
|18.|Debtors|||||
|||||2025|2024|
|||||£|£|
||Tradedebtors|||2,935|21,284|



## Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continueg) 

## Year ended 31 May 2025 

## 19. Creditors: amounts falling due within one year 

||2025|2024|
|---|---|---|
||£|a|
|Accruals and deferred income|2,040|1,650|
|Social security and othertaxes|723|-|
|Other creditors|1,396|2,845|
||4,159|4,495|



## 20. Pensions and other post retirement benefits 

## Defined contribution plans 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £10,560 (2024: £11,632). 

## 21. Analysis of charitable funds 

## Unrestricted funds 

|Unrestricted funds|||||
|---|---|---|---|---|
||At|||At|
||1 June 2024|Income|Expenditure 31 May 2025||
||7|£|£|£|
|General funds|155,059|30,370|(4,691)|180,738|
||At|||At|
||1 June 2023|Income|Expenditure 31 May 2024||
||£|£|£|£|
|General funds|138,537|31,239|(14,717)|155,059|
|Restricted funds|||||
||At|||At|
||1 June 2024|Income|Expenditure 31 May 2025||
||ru|£|£|£|
|BBC Children In Need|4,562|27,042|(38,664)|(7,060)|
|National Lottery|221|-|(221)|-|
|Pembrokeshire County Council|10,265|6,651|(10,569)|6,347|
|Moondance Foundation|9,918|-|-|9,918|
|Families First|4,561|25,500|(30,093)|(32)|
|Families First Saturdays|-|-|-|-|
|The Waterloo Foundation|7,350|30,000|(18,237)|19,113|
|Co-op Community Fund|1,481|20|(1,596)|(95)|
|Job Centre Plus|3,393|-|-|3,393|
|Kickstart<br>LionsClub<br>Principality|-<br>300<br>-|-<br>-<br>-|-<br>(300)<br>-|-<br>-<br>-|
|Shared Prosperity Fund|(560)|48,561|(48,001)|-|
|Trusthouse|17,058|27,565|(28,918)|15,705|



16 

## Fishguard and Goodwick Young Person's Trust Ltd Company Limited by Guarantee 

## Notes to the Financial Statements (continueq) 

## Year ended 31 May 2025 

## 21. Analysis of charitable funds (continued) 

|Children<br>& Communities Additional|1,419|4,000|(3,419)|2,000|
|---|---|---|---|---|
|Fishguard & GoodwickTown Council|1,100|395|(1,495)|-|
|CWYVS Support Scheme|-|-|-|-|
|PAVS Living Well & Welcomong|||||
|Community Spaces|-|3,500|(3,500)|-|
|Enhancing Pembrokeshire|-|19,417|(31,751)|(12,334)|
|Postcode Lottery|-|24,493|(8,682)|15,811|
|Asda Foundation|-|400|-|400|
|Helen Robertson Trust|-|1,500|(1,419)|81|
|Pembrokeshire Youth Bank|-|1,516|(1,375)|141|
|South HookLNG|-|5,000|(1,980)|3,020|
|Stronger Starts|-|500|-|500|
||61,068|226,060|(230,220)|56,908|
||At|||At|
||1 June 2023|Income|Expenditure 31 May 2024||
||£|£|£|£|
|BBC Children In Need<br>National Lottery<br>Pembrokeshire County Council<br>Moondance Foundation<br>Families First<br>Families First Saturdays|13,165<br>17,293<br>6,645<br>-<br>1,221<br>6,363|22,428<br>36,362<br>14,004<br>28,839<br>21,500<br>11,250|(31,031)<br>(53,434)<br>(10,384)<br>(18,921)<br>(18,161)<br>(17,612)|4,562<br>221<br>10,265<br>9,918<br>4,560<br>1|
|The Waterloo Foundation|2,234|25,000|(19,884)|7,350|
|Co-op Community Fund|3,939|4,407|(6,865)|1,481|
|Job Centre Plus|3,836|-|(443)|3,393|
|Kickstart<br>Lions Club|3<br>-|-<br>300|(3)<br>—|-<br>300|
|Principality<br>Shared Prosperity Fund|2,709<br>-|-<br>33,854|(2,709)<br>(34,414)|-<br>(560)|
|Trusthouse|-|30,489|(13,431)|17,058|
|Children<br>& Communities Additional|-|4,000|(2,581)|1,419|
|Fishguard & GoodwickTown Council|-|1,100|-|1,100|
|CWYVS SupportScheme|-|2,766|(2,766)|-|
|PAVS Living Well & Welcomong<br>Community Spaces|-|5,000|(5,000)|-|
|Enhancing Pembrokeshire|-|-|-|-|
|Postcode Lottery|-|-|-|-|
|Asda Foundation|-|-|-|-|
|Helen Robertson Trust|-|-|-|-|
|Pembrokeshire Youth Bank|-|-|-|-|
|South Hook LNG|-|-|-|-|
|Stronger Starts|-|-|-|-|
||57,408|241,299|(237,639)|61,068|



17 

Fishguard and Goodwick Young Person's Trust Ltd 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continuea) 

## Year ended 31 May 2025 

## 22. Analysis of net assets between funds 

||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2025|
||e|a|£|
|Tangible fixed assets|-|162|162|
|Current assets|180,738|60,906|241,644|
|Creditors less than 1 year|-|(4,160)|(4,160)|
|Netassets|180,738|56,908|237,646|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2024|
||£|£|£|
|Tangible fixed assets|-|1,041|1,041|
|Current assets|155,059|64,522|219,581|
|Creditors less than 1 year|-|(4,495)|(4,495)|
|Netassets|155,059|61,068|216,127|



18 

) Fishguard and Goodwick Young Person's Trust Ltd 

Company Limited by Guarantee 

## Management Information 

Year ended 31 May 2025 

The following pages do not form part of the financial statements. 

19 

## FISHGUARD AND GOODWICK YOUNG PERSONS TRUST LTD 

## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025 

|||||Total||||
|---|---|---|---|---|---|---|---|
|||Unrestricted||Restricted|Total 2025|Total2024||
||Notes||Funds|Funds|Funds|Funds||
||||£|£|£||£|
|Income||||||||
|Charitable Activities||||||||
|Service LevelAgreements|||5,742||5,742||8,537|
|Training<br>Total Charitable Activities||0<br>4,585<br>ee.<br>ee<br>A<br>5,742<br>0<br>5,742<br>10,122||||||
|Donations and Legacies|||9,553||9,553||i|
|Gifts and Donations Income|||§,542|5,500|11,042||11,911|
|Grants<br>Total Donationsand Legacies|‘|500<br>219,453<br>219,953<br>240,813<br>(operon<br>ac<br>15,595<br>224,953<br>240,548<br>252,724||||||
|Bank Interest Received|||2,589|0|2,589||2,307|
|OtherTrading||||||||
|OtherTrading|||960|1,107|2,067||2,573|
|Services|||5,484||5,484||4,812|
|Fund Raising Events|||||||x|
|Total OtherTrading|||6,444|1,107|7,551||7,385|
|Total Income||Pe|30,370|226,060|256,430|272,538||
|Expenditures||||||||
|Charitable Activities Expense||||||||
|AccountCoreCosts|4||285|54,173|54,458||52,496|
|Popworks - Drop in|2||4,226|153,549|167,775|143,705||
|Printworks|3|||20,147|20,147||54,097|
|Support costs|4||180|2,106|2,286||2,058|
|Total Charitable Activities Expense|||4,691|229,975|234,666|252,356||
|Raising funds||||245|245||=|
|Total Expenditures|||4,691|230,220|234,911|252,356||
|NetOperating Income|||25,679|4,160|21,519||20,182|
|Balance bif|||185,059|61,068|216,127|495,945||
|Balancec/f|||180,738|56,908|237,646||216,127|



20 

FISHGUARD AND GOODWICK YOUNG PERSONS TRUST LTD 

1 

2 

## NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 MAY 2025 

## Core Costs 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Total|Restricted|Total|2025|Total|2024|
|Funds|Funds|Funds|Funds|
|£|£|£|£|
|Advertising|eg|
|Dues and|Subscriptions|770|770|849|
|Governance|
|Accounts|2,379|2,379|2,015|
|Bank Charges|99|99|107|
|Training|319|
|Insurance|Expense|1,238|1,238|1,358|
|Total Governance|—.”~“<~SRSBSS:*“‘aO:S*«|RS|
|Monitoring|and|Evaluation|-|384|
|Office|Expenses|285|-|285|=|
|Pension|10,560|10,560|11,632|
|Salary|Costs|39,127|39,127|35,832|
|Total Account Core Costs|285|$4,173|54,458|52,496|
|Popworks|Drop|In|
|Unrestricted|Total|Restricted|Total|2025|Total|2024|
|Funds|Funds|Funds|Funds|
|£|£|E|€|
|Activities|3.567|5,992|9,559|14,064|
|Advertising|125|125|185|
|Equipment|3.211|3,211|1,514|
|Food|5,170|5,170|
|Travel|Expenses|671|671|259|
|Office Expense|5,047|5,047|5,080|
|Monitoring|and|Evaluation|280|280|240|
|Professional|Fees|1,654|1,654|2,398|
|Recruitment|Costs|181|184|
|Repairs|and|Maintenance|9,137|9,137|2,574|
|Depreciation|659|221|880|1,055|
|Salary|Costs|116,745|116,745|109,987|
|Training|1,342|1,342|2,038|
|Telephone|734|734|754|
|Utilities|3,039|3,039|3,557|
|Total Popworks|- Drop|in|4226|~=~—St*«<C«CSSKS*«~*«sSSTSS*SC«|QSOS|

**----- End of picture text -----**<br>


21 

3 Printworks 

## FISHGUARD AND GOODWICK YOUNG PERSONS TRUST LTD 

## NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Total|Restricted|Total|2025|Total|2024|
|Funds|Funds|Funds|Funds|
|£|£|£|£|
|Activities|-|37|
|Equipment|221|221|20|
|Expenses|-|including|Travel|358|358|345|
|Office|Expenses|2,370|2,370|3,301|
|Professional|Fees|275|275|11,968|
|Rents|and|Rates|3,626|3,626|3,790|
|Repairs|and|Maintenance|207|207|956|
|Salary|Costs|10,433|10,433|25,930|
|Telephone|and|Internet|730|730|839|
|Training|292|292|525|
|Training|fees|=|1,822|
|Utilities|1,635|1,635|4,564|
|Total|Printworks|0|20,147|20,147|54,097|

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4 Support Costs 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Total|Restricted|Total|2025|Total|2024|
|Funds|Funds|Funds|Funds|
|£|z|£|£|
|Finance|699|699|4,065|
|HR|180|1,213|1,393|369|
|IT|194|194|624|
|Total|Support Costs|180|2,106|2,286|2,058|

**----- End of picture text -----**<br>


22 


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Fishguard & Goodwick Young Persons’ Trust Ltd<br>Financial Activities - Restricted Funds<br>For The Year Ended 31 May 2025<br>**----- End of picture text -----**<br>


||BBC|||||||Shared||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Children in<br>Neod|Enhancing<br>Pembrokeshire|Families<br> —— First|Moondance<br>Foundation|National<br>Lottery|Pembrokeshire<br>CountyCouncil|Postcode<br>Lottery|Prosperity<br>Fund|TheWaterloo<br>Foundation|Smail Grants<br>Trusthouse<br>(page25)||Total||
|Income||||||||||||||
|Donationsand Legacies||||||||||||||
|GiftsandDonanbons income<br>Grants<br>TotalDonationsandLegacies|§,500<br>§,500<br>27,042<br>19,417<br>25,500<br>0)<br>6.645<br>24.493<br>48,561<br>30,000<br>27,378<br>10,416<br>219,453<br>~~ q7az—~*~<“t*‘NS<br>ATSCOC*‘a<SSOONO!2€!€!~C~~C~*~*~*~<“C*~*«~<br>S:*C*C“‘i ~*~<br>C~*~C~CSOoOO~C~C~ave~*~*~« riSee|||||||||||||
|OtherTrading<br>TotalOtherTrading|°|0|°|°|°|6<br>6|°|°|°|186<br>188|915<br>16,831||1,107<br>17,023|
|TotalIncome|°<br>__tom~=*=~«aAAT’~—=«‘éasSOOSC*~“‘CO™#C#”#*#~<éSC~‘“‘“‘C‘NO“NO;CO(NSSS]~=C«wwS.~=~*~‘<br>RSST~=~*~*~“*«“ OGOOS*~*~«seen<br>CSC oO<br>A<br>dS<br>A<br>2|||||||||||||
|Expenditures||||||||||||||
|Charitable Activities Expense||||||||||||||
|AccountCore Costs||||||||||||||
|DuesandSubscriptons,<br>Governance|||||||||325|445|||770<br>o|
|Accounts||||||||||2344|35||2,579|
|BankCharges||||||||||Es]|||8|
|Insurance Expense<br>TotalGovernance|[)|°|°|f)|0|f)|°|°|325|588<br>3,034|650<br>68s||1,238<br>4,041|
|Mondoring and Evaiuadon||||||||||||||
|Pension|2.001|1.476|2.491|2|||364|2.377|305|1,234|||10,560|
|SalaryCosts<br>TotalAccountCoreCosts|12.395<br>“jase|2.583<br>2.744<br> —~=*~=<“C*‘a S:C~«~SC*~CiSSCSC*C“<=<~||||0<br>645<br>7,306<br>686<br> *SC<“~*“‘“ *‘saNSC*C*~‘ésSSCs||||12.767<br>39,127<br> CeCe||||
|Popworks -Drop in||||||||||||||
|Actuities<br>Advertsing<br>Equipment<br>Food<br>TravelExpenses<br>Monitoringand Evaluabon<br>Office Expense||58<br>1.935||||2858<br>7<br>1,625<br>4|439<br>14<br>252|1,002|35<br>3<br>176<br>173|9<br>653<br>45<br>208<br>1,964|3.134<br>2,082<br>3.542<br>0<br>i}<br>37||5,092<br>125<br>3,211<br>5,170<br>671<br>280<br>5,047|
|Professional Feos|||||||||1.654||||1,654|
|Recrutment Costs|||||||||181||||181|
|RepairsandMaintenance<br>Depreciaton<br>SalaryCosts<br>TelephoneandInternet<br>Training|10,791|23.058<br>231<br>110|23,684|9,606|221|4374|$,830<br>37<br>a|32.878<br>ait|3.128<br>10,898|1,329<br>5<br>7|6<br>30<br>1,198|9,137<br>221<br>116,745<br>74<br>1,342||
|Ublites:<br>TotalPopworks-Dropin|239<br>976<br>60<br>219<br>1,545<br>3,039<br>“qo7e1——=*«*«‘ TC<br>ORSSC*=“‘(_OOC*C*CSSC*“*‘CSCSR:SC*UwTSC*~«é<br>Aaéi~=~*~«wewe?~=~*~<<br>SS*~*~*~« A<br>SCSC«|||||||||||||
|Printworks||||||||||||||
|Equement<br>TravelExpences<br>OfficeExponcos||630||||10|221<br>264|332|202<br>12|156<br>805|t)<br>217||zt<br>358<br>2,370|
|Professional Fees<br>RentsandRates<br>RopairsandMaintenance<br>SalaryCosts<br>Telephone and internet<br>Traming|3.483<br>%|1,221<br>479<br>2|1.174||||305<br>120<br>58|1,600<br>1,624<br>4|sO|100<br>76<br>3.573<br>Ks]<br>132|125<br>500<br>131<br>f+)<br>6||275<br>3,626<br>207<br>10,433<br>73<br>292|
|Utines:<br>TotalPrintworks|100<br>——yeo~”~*~“~*‘a SSC‘ ||.!C!C™~;||||FUC™~<|695<br>2<br>10<br>605<br>1,635<br> CO!*~<CS~S*«SSS*~«waSS*~«~S SS*S*~*~SaRSC*~“‘“‘“aR RSCSCSC*~*~«eS||||||||
|Supportcosts -Finance||||||°||a||483|156||99|
|SupportCosts -iT||||||||||S7|137||194|
|SupportCosts -HR||||||oO||||4,213|||1,213|
|TotalCharitableActivitiesExpense|28,748|3,754|30,003|9,918|224|10,560|8,682|48,001|18,087|28,853|16,084|220,975||
|RalsingFunds|||||||||180|65|||245|
|NetOperating income|+1,704|93,334|4,593|9.918|221|3.913|15,811|560|11,763|-4,353|1,747||4,160|
|Balance bit|4,562|°|4,561|9,918|221|10,265||560|7,380|17,088|7,693||61,068|
|Balance cif|a<br>1 ea|<br>aa aaa<br>a<br>ea<br>7 aaa<br>|eae<br>ee | | ee<br>|6<br>emma<br>OT||||||||||7.aaa|aaa a||
|||||23||||||||||




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Fishguard & Goodwick Young Persons’ Trust Ltd<br>Financial Activities - Small Restricted Funds<br>For The Year Ended 31 May 2024<br>Fishguard PAVS Living<br>a wens<br>Asda Children & CoOp Goodwick Helen Job Welcoming<br>Foundation CommunitiesAdditions! CommuFu n dity CouncilTown RobertsonTrust CentrePlus LionsClub SpacesCommunity Fund PembrokeshireYouth Bank South HookNG Stronger(Groundwork) Starts TotalGrants Small<br>income ee<br>Donationsand Legacies<br>OM and Donations Income m= ‘$000 $500<br>Oramts 400 4900 1,900 3,000 156 “so Ate<br>‘Tota! Donations and Legecles aO!UCtC~S”*~<“<~:*~té‘iwOSC*‘“CNC#C‘*NSSIOSCOC*#*~*~&$#fGO!!~!~«GO*~*~*«oS~”*~“‘ wC~te”*~< Ol<br>Oder Trading 2 By vod os<br>Total Income ee ee ae ee S| ee Ge a ee ee Gem ve<br>Tout a a aa a a” a ama a aes aera Td<br>Eapendaares<br>(Charttable Actretties Expense<br>‘AccountCore Costs:<br>Governance 6 s<br>insurance Expente on 650<br>Total Governance a Can i i Sal a an Se a:<br>Total Account Core Costs a. io cs °»«& 0 © 4M io oo oom<br>Popworks- Drop ta<br>Aeterna 0 va wo 1375 aM<br>Equipment ™ 4,387 2092<br>hood 1,962 1989 3842<br>Office Expense 0 ” ww<br>Repaws and Maintenance bd “<br>Telephone and internet » »<br>Taming 168 1108<br>Utiaes 1945 145<br>Total Popworks - Drop in 238 ery 3427 va ° wo 1S 4.375 1960 ° 12.164<br>Printworks<br>Office Expenses 0 vv “7<br>‘Protessionsl Fees ws ms<br>Rents and Rates: Es] 0<br>Repairs and Martenance mt m<br>Treiming “ “<br>‘Uniates 005 “us<br>TotalSupportPrintworksCosts - Finance aee“ s a | oy<br>‘Support Corts - HR: Ww 7<br>Total Charttable ActivitiesExpense amma” Tame 7 Soma cae | am amas Ca ae a aaa hoa<br>Net Operating come saa a a 8 a a a a a aa a aa <2<br>Dotance bt ° an 1 1.100 ° 3393 we ° ° ° ° 7<br>Bolance ef || | a<br>SSS SSS<br>™<br>**----- End of picture text -----**<br>



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# FISHGUARD AND GOODWICK YOUNG PERSON’S TRUST LTD 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31% MAY 2025 

## INTRODUCTION 

The Trustees are delighted to share our vibrant annual report and consolidated financial statements for the year ending 31st May 2025. Prepared in line with Companies Act requirements and the SORP (FRS 102) standards, this report celebrates a year of resilience, and community impact. 

## OUR MISSION & PURPOSE 

“Empowering the Future of North Pembrokeshire” 

## Objectives and Aims 

As set out in the Articles, the purposes of the charity are the advancement of young persons, aged 11-25 who are resident in the stated areas of North Pembrokeshire, through the promotion of their spiritual, social, moral, cultural and physical development. The charity’s mission statement is (updated in July 2024): 

“We provide a bespoke provision which meets the ever-changing wants and needs of young people aged 10 — 25. We support their emotional and physical wellbeing and provide access to opportunities that they carry through into adulthood, setting the envirs:iment to thrive and to develop pride in themselves and as part of their community.” 

Affordability and universal access for all young people aged 10-25 from the North Pembrokeshire area is extremely important to us. The majority of young people we support are from families who are marginalised due to living in a highly rural location with very limited access to services and good quality public transport. Many also experience economic deprivation; therefore, affordability is essential to ensure that all young people have equal access to services. Engaging young people positively in their local community forms a large part of our work and is reflected in the aims and objectives. 

1 


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## FISHGUARD AND GOODWICK YOUNG PERSON’S TRUST LTD 

## STRATEGIES TO ACHIEVE OUR GOALS 

1. Drop-in Services: A safe, welcoming space for socializing, learning, and enjoying nutritious meals. 

2. To enhance, develop and build upon the attributes young people already possess. To develop life and personal skills, belief and confidence in themselves to become an asset to themselves, their families and their communities. 

3. To provide a drop-in service where young people can access non-discriminatory, nonjudgmental, high quality support and information in a warm, safe and welcoming environment. Where they can enhance their life skills, develop their interests and socialise with their peers and positive role models. 

4. Youth Empowerment: Platforms for young people to influence their communities and POINT’s operations. 

5. Customized Support: Tailored programs meeting the unique needs of every individual. 

6. Training & Education: Informal, accredited, young person led training for those struggling in conventional settings. 

7. Adventure & Inclusion: Activities to build confidence, resilience, and teamwork. 

8. Community Leadership: Cementing POINT’s role as Pembrokeshire’s leading youth services provider. 

## KEY PROGRAM HIGHLIGHTS 

## 1. Drop-in Provision 

- e 5-Day Weekly Service: Creative pursuits, physical activities, and community projects. 

- e Healthy Meals: Nutritious, free hot, healthy meals, ensuring no young person goes hungry. 

- e Adventure Activities: Coasteering, kayaking, and many other outward-bound challenges and residentials to build life skills. 

2 


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## FISHGUARD AND GOODWICK YOUNG PERSON’S TRUST LTD 2. Lifelong Learning & Community Engagement 

## “POINT to a Better Future” Project 

- e 12 Community events including an intergenerational Bingo fundraiser and a Pop up Pizzeria event as part of the Fishguard Sustainable Food Festival and a feedback focus event with Pembrokeshire Association of Community Transport. 

- e 11 Volunteer Opportunities: Roles as Senior Members, gardening and enterprise coaching. 


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e 46 Formal Agored Cymru Accreditations in life long skills: a large range of skills ranging<br>from cooking to digital literacy. . Se ae eee ep<br>e vbaplamiaiggeia conducted over 2024: F i e — ee ohnEA 4 1<br>e Physical Activity — 1120 aa gira ‘= w. oe<br>Health— 29 5 ‘ary ( , ag AGORED<br>e FREE Meals — 3443 yf £ Presentation<br>¢ Welfare -15 ae: eiese nian to alteutcne saat neieest<br>e Emotional — 167 AGOREDParaQualifications. These included, Senior<br>e Education, Employment and Training - 242 sense af pridccid Sone er eT<br>e . when young people told staff that “it [made] me<br>World, UK, Europe, Wales, Community — 186 feel good ond It made me proud”. Another young<br>person said “it made me feel hoppy as i achieved<br>e Sexual Health - 70 TRG TresesearRom ee a SoneGe<br>e Substance Misuse — 69 SESE cniyaneseaalie<br>enhancing theirseds e lf-bg p e lief,stisself-esteemMALS IRESGSand<br>e Confidence Building - 402 confidence as<br>**----- End of picture text -----**<br>


## 3. Employability Support (16-25 Years) 

25 young people aged 16-25 have engaged with our Tea and Toastie 16-25s provision throughout the year 

- e Personalized Drop-In Support: CV building, skill development, and tailored guidance. 

- e Holistic Assistance: Signposting to Tenancy advice and homelessness prevention services who are working in partnership with POINT attending the 16-25 drop in sessions 

- e Life Skills Accreditations: Enhancing employability through practical learning. 

## & SIGNIFICANT ACTIVITIES AT THE POPWORKS CENTRE & 

- © % Sports & Fitness: Weekly sessions like "Fit Fridays®and team challenges. Adventure activities such as coasteering, high ropes etc provided for free. 

3 


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## FISHGUARD AND GOODWICK YOUNG PERSON’S TRUST LTD 

- e Workshops: Addressing critical topics from mental health to substance misuse. 

- e Youth Forums: Regular feedback sessions to amplify youth voices. 

- e Healthy Living: Cooking classes, gardening, and sexual health education. 

- e Creative Initiatives: Art, crafts, and entrepreneurial projects. 

## ¥ Children in Need Youth Drop-in Project 

- e 299 Young People Engaged in year 2 of the project. 

- e 31 young people reported Increased Pride: Activities fostered self-confidence and community spirit. 

- e 139 young people: Reported that they had more fun attending POINT 

## # | YOUTH & COMMUNITY FEEDBACK ® | a: Youth Voices Matter 

## e 

- e 37 reported increased confidence and positive attitudes to learning 

- e 40 Young People reported increased independence and responsibility 

- e Your View 2025 results: 

100% reported that attending POINT meant they had more fun 

83% reported they had done something at POINT this year that made them feel proud 

77% reported that coming to POINSxincreased:their-resilience 

86% reported coming to POINT helped you feel better about themselves 

## @3 Parent Perspectives (survey Oct 2024) 

96% said that their child/ren have benefited from accessing the free meals and in-house or external activities and trips 

87% agreed that their children attending POINT had positive Family Impact: POINT’s support extended beyond the young people themselves. 

4 


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## Case Studies: 

*NB All names have been changed to protect identity 

## Sally 

When Sally first began attending Point, she was very quiet and lacked confidence in both herself and her footballing abilities. She often chose to stand back rather than get involved, which was especially noticeable during our Point football sessions. Sally found it difficult to showcase her skills in front of others. 

To support her and other girls in a similar position, we introduced a girls-only football session. This created a more comfortable and supportive environment, allowing Sally to feel relaxed and free from pressure. In this setting, she began to express herself more openly and started to enjoy playing football. 

Since then, Sally has made remarkable progress. She now shows a great deal of confidence during both Point football and our drop-in sessions. Her self-belief has grown, and she engages far more in group activities, particularly football. 

## Jack 

Jack’s attendance at POINT is sporadic, but he has built strong relationships with staff and accesses support when needed. He engages most when trips or activities are involved, using these as motivation to connect positively. 

After a Hip Hop event, Jack faced temporary-restrictions from summer trips due to previous behaviour. He responded maturely, apologising to staff and demonstrating accountability. This positive approach earned him an invitation to a fishing trip, which he missed due to family commitments. 

Jack has also had challenges outside POINT, including involvement in anti-social behaviour. Staff facilitated his first meeting with the ASB team at the youth centre, providing support and helping him recognise the consequences of his actions. 

POINT has offered Jack additional constructive opportunities, including volunteering with a National Park Ranger and completing an Agored Cymru cooking unit. On both occasions, he demonstrated commitment, focus, and work ethic, even when peers did not participate. 

Recently, Jack’s improved behaviour has been recognised with an invitation to the Gareth Bale Street Games event. His progress highlights how strong relationships, targeted support, and 

5 


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## FISHGUARD AND GOODWICK YOUNG PERSON’S TRUST LTD 

positive reinforcement can help young people overcome challenges and engage meaningfully with their community. 

## LOOKING AHEAD 

Our journey continues with unwavering dedication. By fostering an inclusive, supportive environment, we empower North Pembrokeshire’s youth to build brighter futures and strengthen their communities. Together, we look forward to another year of growth, inspiration, and achieve. 

## Promotion of Services 

POINT actively promotes its programs and initiatives through various channels to engage and inform the community. Local newspapers frequently feature articles showcasing our impactful work with young people and intergenerational activities, highlighting the positive contributions we make in North Pembrokeshire. These stories play a crucial role in raising awareness and enhancing our reputation within the community. 

Our robust social media presence, including a dedicated Facebook and Instagram page, serves as a dynamic platform for communication which connects people to our dedicated website. Via social media and out website, we share upcoming opportunities, events, and success stories, fostering direct engagement with young people, community members and our funders. 

Fundraising efforts are a vital part of our outreach. Through our Local Giving page, we involve the community in various appeals. For example, the recent “Mayors 621K Cycling FundraiserPenicuik, Scotland to Fishguard Pembs” which generated £1,082 for POINT. Also the “Swansea Half Marathon Fundraiser for POINT” completed by local man Connor Aylward in June 2025 generated nearly £500. 

## PUBLIC BENEFIT STATEMENT 

POINT Charity is dedicated to fulfilling its commitment to public benefit in alignment with the Charity Commission’s guidance. When reviewing our aims, objectives, and planning future initiatives, we ensure that all activities contribute meaningfully to our core mission: supporting the holistic development of young people aged 10-25 in North Pembrokeshire. 

Our programs focus on providing accessible, affordable, and tailored services designed to engage and uplift youth, particularly those facing financial hardship, social exclusion, or other 

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## FISHGUARD AND GOODWICK YOUNG PERSON’S TRUST LTD 

disadvantages. By fostering emotional and physical wellbeing, empowering individual potential, and promoting community involvement, we create lasting positive impact. 

Through initiatives such as free meals, accredited training, personalized support, and adventure programs, POINT ensures that every young person has the opportunity to thrive, overcome challenges, and build a brighter future—benefiting both individuals and the wider community. 

## Financial Review 

This year marked significant milestones and exciting new opportunities for POINT’s mission to support the young people of North Pembrokeshire. Here's a vibrant snapshot of our financial achievements and future plans: 

## "= Successful Project Completions: 

## In December 2024, we concluded two impactful initiatives: 

Shared Prosperity Uk Government Funding (Jan-Dec 2024) and Pembrokeshire County Council’s Enhancing Pembrokeshire funding (Jan-Dec 2025) for POINT to a Better Future: providing increased opportunities for young people to develop their skills, confidence, selfesteem, a sense of direction, expanding their life and career horizons with opportunities for informal accreditation in Life Skills, whilst participating in challenging fun activities 

## New Funding Adventures: 

## Shared Prosperity Capital Funding 

In June 2025, we secured funding for a new commercial standard kitchen to be installed which will not only enhance our free hot healthy 4 day per week food provision, but also create _ culturalOpportunitieshub for young entrepreneurs and local community initiatives, making POINT a vibrant 

## POINT to a Better Future part 2 

In 2026, we will continue POINT to a Better Future, creating more informal learning opportunities and reaching more home-educated young people. The project will empower young people to have a voice at the centre and their community, while supporting them to build skills, confidence, and reach their full potential. 

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## = Core Funding Achievements: 

We’re thrilled to have secured funding from the Garfield Weston, the Moondance Foundation and the Waterloo Foundation for 2026. This will help us to continue to fund our POINT toa Better Future project 

The Trusthouse Charitable Foundation (now known as the Forte Trust) and our Children in Need Core Grant will continue to provide funding for core “back office” operations during 2026. 

We are hoping to receive funding from the Local Authority’s Enhancing Pembrokeshire scheme again in 2026 (outcome of application in Jan 2026) 

We also have other funding applications awaiting a decision for project costs towards POINT to a Better Future with Global’s Make Some Noise 

## Local Authority Support: 

Our long-standing partnership with the local authority remains strong! We receive £36,000/year from Children and Families Funding (formerly Families First). This supports staffing and activities for our Drop-In services, including our popular Saturday evening sessions. This funding, in place since 2012, continues into 2026 and is expected to continue until 2028 . 

## @ Looking Ahead: 

The Board of Trustees and our General Manager are laser-focused on sustainability! Regular committee meetings ensure we stay ahead of funding needs, submitting applications well in advance to maintain smooth operations. 

## RESERVES POLICY AND GOING CONCERN 

The Trustees regularly review the charity’s financial position and contingency plans to ensure that POINT can continue to meet its commitments and deliver its charitable objectives, even in the event of fluctuations in income. This includes modelling scenarios in which funding may reduce and, in the most severe circumstances, where services may need to be scaled back or closed. In such circumstances, the Trustees have planned for potential redundancy costs to ensure that staff are treated fairly and legally. 

In line with this prudent approach, POINT holds unrestricted (free) reserves of £104,589 equivalent to 5-7 months of operating costs. This level of reserves provides a buffer against unforeseen financial pressures, delays in funding, or unexpected expenditure. 

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In addition, the charity has set aside a ringfenced reserve of £21,300 to cover potential redundancy liabilities should there be significant changes to future funding. The Trustees also maintain designated reserves of approximately £30,000 to cover essential building maintenance and associated costs, ensuring that the charity's premises remain safe, functional, and fully operational. 

## STRUCTURE, GOVERNANACE AND MANAGEMENT 

## Governing Document 

The Charity is a charitable company limited by guarantee as defined by the Companies Act 2006, governed by its Memorandum and Articles of Association. It was incorporated on 10 September 2001 and is governed by its articles as amended by special resolution on 31 May 2010. It is registered as a charity with the Charity Commission. 

## Wider Network 

Over the past year, POINT has been dedicated to building strong, lasting relationships within the community to secure the long-term sustainability of our projects. By raising awareness of our work and the impact we have made, we aim to foster greater support and engagement from the public. We recognize the importance of maintaining positive, collaborative partnerships with the public sector and continuously seek feedback from the community on our performance and future plans. 

POINT works closely with a range of like-minded organizations, including the Pembrokeshire Youth Service and other charity youth providers across both North and South Pembrokeshire. We are proud members of the Council for Wales Voluntary Youth Services (CWVYS) and the Pembrokeshire Association of Voluntary Services (PAVS), which enable us to stay connected with the broader youth services network. 

Additionally, we have established strong partnerships with local agencies and community groups, including the Fishguard & Goodwick Town Council, Area 43 Youth Drop-In, PLANED, Pembrokeshire Coast National Park, Transition Bro Gwaun, the Pembrokeshire County Council Youth Outreach Team, Pembrokeshire Care Society (PATH), Drugaid (substance misuse services), Workways, Futureworks, and the local Community Safety Police. We also collaborate with a variety of local organizations, such as St Mary’s Church, The Friendship Circle, The Lions, The Sea Trust, and other community groups, ensuring a united approach to supporting and empowering young people in our area. 

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## Appointment of Trustees 

The Trustees, who serve as directors under the Companies Act 2006 and trustees under the ‘Charities Act 2006, adhere to all relevant regulations and Charity Commission guidance. Their appointment and reappointment processes are governed by POINT's Articles of Association, ensuring transparency and accountability. 

## Key points include: 

- e Trustees can be appointed or reappointed at a general meeting if recommended by the board or proposed by members within the stipulated notice period. 

- e Only individuals aged 18 or older, meeting all eligibility criteria, can serve as trustees. 

- e Vacancies or new appointments must be communicated to members in advance, and trustees appointed mid-term hold office until the next annual general meeting, at which point they may seek reappointment. 

This structured approach ensures a robust governance framework, maintaining the charity's integrity and operational excellence. 

## Trustee Induction and Training 

POINT is committed to ensuring that the Board of Trustees reflects the diversity and needs of the Fishguard and Goodwick community while maintaining high standards of governance. We prioritize transparency and integrity, ensuring no conflicts of interest among trustees or senior staff, including related party transactions. 

New trustees are carefully selected through personal contact and formally appointed by the Board. Currently, eight trustees serve on the Board, each contributing their expertise and local insights. 

Upon appointment, trustees undergo a comprehensive induction program covering: 

- e Legal responsibilities under charity and company law 

- e POINT’s Memorandum and Articles of Association 

- e Governance structures, decision-making processes, and strategic plans 

- e An overview of the charity’s business plan and financial performance 

Induction sessions also provide opportunities to meet key staff and fellow trustees, fostering collaboration and shared vision. Trustees are encouraged to participate in external training to enhance their knowledge and effectiveness, ensuring the charity remains well-governed and responsive to community needs. 

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## ORGANISATION 

The Board of Trustees consists of no fewer than three members, with no upper limit unless otherwise determined by an ordinary resolution. The Board convenes every eight weeks, complemented by a dedicated subcommittee focusing on funding and finance, which meets regularly. To ensure efficient operations, the Trustees appoint a General Manager responsible for overseeing the charity’s day-to-day activities. The General Manager holds delegated authority for operational matters, including financial management and the coordination of youth projects and activities. 

## RELATED PARTIES AND CO-OPERATION WITH OTHER ORGANISATIONS 

None of the Trustees receive remuneration or other financial benefits for their contributions to the charity. Any potential conflicts of interest or connections between a Trustee or senior manager and a related organisation must be disclosed to the full Board, consistent with the policy for all contractual relationships involving related parties. Over the past year, no such disclosures were reported. 

## PAY POLICY FOR SENIOR STAFF 

The Board of Trustees, along with the General Manager, constitute the key management personnel responsible for the strategic direction and daily operations of the charity. All Trustees volunteer their time without receiving any remuneration. According to the charity’s Articles of Association: 

“The trustees may be reimbursed for reasonable expenses incurred during their official duties, including travel and aevonmrodadtivunvases,-vat'tio voter remuneration is provided.” 

The General Manager’s salary is reviewed annually, with adjustments reflecting the prevailing senior management earnings in the region. The Trustees benchmark compensation levels against comparable Pembrokeshire-based charity youth centres to ensure fair and competitive remuneration. 

## RISK MANAGEMENT 

The Trustees conduct regular assessments to identify and address potential risks to the charity. In line with best practices, comprehensive systems and procedures are in place to mitigate 

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these risks and safeguard the organisation against fraud and errors. The Trustees are confident that these measures provide reasonable assurance of operational integrity and security. 

## RESPONSIBILITIES OF THE TRUSTEES 

Under company law, the Trustees are responsible for preparing financial statements that provide a true and fair view of the charity’s financial position at the end of each fiscal year. This includes detailing the charity's incoming resources and their application. To meet these obligations, the Trustees must: 

- e Select and consistently apply suitable accounting policies in accordance with best practices. 

- e Follow the principles outlined in the Charities Statement of Recommended Practice (SORP). 

- e Make well-reasoned and prudent judgments and estimates. 

- e Prepare financial statements on a going concern basis unless it is inappropriate to assume the charity will continue operations. 

Additionally, the Trustees are tasked with maintaining accurate accounting records that reflect the charity’s financial status. These records must comply with the Companies Act 2006 and facilitate the safeguarding of the charity's assets. Trustees take reasonable steps to prevent and detect fraud or other irregularities. 

This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 

a Approved by the Executive Committee on AO De combo 2 o2.hae 

Signed on its behalf by: Whreniklaste... Chairperson 

## Ms. Perys Worth. 

Chairperson of the Board of Trustees 

ON BEHALF OF THE BOARD 

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