| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 8 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 20 |
| Detailed Statement ofFinancial Activities | 21 |
| maturity as individuals and members ofsociety and that their conditions |
oflife may be improve | oflife may be improve | d". |
|---|---|---|---|
| "Toprovide young people with the support and assistance they need to | achieve their goals." | ||
| In furtherance ofthe above: | |||
| -Establish aYouth Centre and to manage and maintain it |
|||
| -Collaborate and co-operate with local regulatory bodies |
|||
| -Raise funds by means ofsubscriptions, donations, grants and any other lawful means |
including | arange ofsocial enterprise | |
| -Do all such other lawful things which are necessary for the attainment | ofthe objectives. | ||
| The main objectives and activities for the year were: | |||
| -Toincrease the range and quality ofservices for young people | |||
| -Toincrease the centre's usage | |||
| -Toraise funding to make changes to the centre's building |
|||
| -To improve the image ofthe centre throughout the local community |
|||
| -To involve and consult young people in all aspects ofthe centre | |||
| -Tobe aware ofthe health and welfare ofall staff and young people using the centre | |||
| To achieve its objectives, the centre has four main project areas: | |||
| -Administration and finance |
|||
| —Training | |||
| -Support and guidance | |||
| - Social Enterprise | |||
| The centre also has as one ofits main objectives to deliver arange ofsocial enterprises | through | each ofthese project areas. |
| 31.3.21 | 31.3.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | . Total | |||
| fund | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
35,735 | 35,735 | 10,923 | |||
| Charitable activities |
||||||
| Centre activities | 347,812 | 471,405 | 819,217 | 500,875 | ||
| Other income | 52,419 | 52,419 | ||||
| Total | 435,966 | 471,405 | 907,371 | 511,798 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Centre activities Staffcosts |
60,422 160,054 |
91,898 208,459 |
152,320 368,513 |
89,977 384,415 |
||
| Insurance Light, heat and water Cleaning |
2,616 4,748 111 |
2,616 4,748 111 |
2,426 8,445 921 |
|||
| Repairs and maintenance | 2,752 | |||||
| Printing, postage and stationery Telephone Travelling and expenses General activities |
3,018 1,366 406 |
3,018 1,366 406 |
1,237 3,309 3,229 |
|||
| Depreciation | 2,770 | 12,459 | 15,229 | 16,292 | ||
| Training | 15,223 | |||||
| Accountancy fees Audit fees |
2,533 1,200 |
2,533 1,200 |
3,769 | |||
| Professional fees Computer costs |
44 3,052 |
44 3,052 |
9,800 3,303 |
|||
| Total | 242,340 | 312,816 | 555,156 | 545,098 | ||
| NET INCOME/(EXPENDITURE) | 193,626 | 158,589 | 352,215 | (33,300) | ||
| Transfers between funds |
14 | (2,923) | 2,923 | |||
| Net movement in funds |
190,703 | 161,512 | 352,215 | (33,300) | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 123,211 | 35,149 | 158,360 | 191,660 | |
| TOTAL FUNDS CARRIED FORWARD | 313,914 | 196,661 | 510,575 | 158,360 |
| 31M | arch 2021 | ||||
|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 10 | 16,345 | 26,333 | 42,678 | 57,907 |
| CURRENT ASSETS | |||||
| Debtors | 39,917 | 39,917 | 15,462 | ||
| Cash at bank and in hand | 341,103 | 227,288 | 568,391 | 149,148 | |
| 381,020 | 227,288 | 608,308 | 164,610 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
12 | (83,452) | (56,959) | (140,411) | (64,157) |
| NET CURRENT ASSETS | 297,568 | 170,329 | 467,897 | 100,453 | |
| TOTAL ASSETSLESSCURRENT LIABILITIES | 313,913 | 196,662 | 510,575 | 158,360 | |
| NET ASSETS | 313,913 | 196,662 | 510,575 | 158,360 | |
| FUNDS | 14 | ||||
| Unrestricted funds |
313,913 | 123,211 | |||
| Restricted funds |
196,662 | 35,149 | |||
| TOTALFUNDS | 510,575 | 158,360 |
| Cash Flow Statement | |||||||
|---|---|---|---|---|---|---|---|
| for the | Year Ended 31March | 2021 | |||||
| 31.3.21 | 31.3.20 | ||||||
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
403,085 | 98,691 | |||||
| Net cash provided by operating | activities | 403,085 | 98,691 | ||||
| Cash flows from financing | activities | ||||||
| New loans in year | 16,158 | ||||||
| Net cash provided by financing | activities | 16,158 | |||||
| Change in cash and cash equivalents | in the | ||||||
| reporting period |
419,243 | 98,691 | |||||
| Cash and cash equivalents | at | the beginning | of | ||||
| the reporting period |
149,148 | 50,457 | |||||
| Cash and cash equivalents | at | the end | ofthe | ||||
| reporting period |
568,391 | 149,148 |
| ACTIVITIES | ||||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| Net income/(expenditure) | for the reporting | period (as per the Statement of | ||
| Financial Activities) | 352,215 | (33,300) | ||
| Adjustments for: |
||||
| Depreciation charges |
15,229 | 16,292 | ||
| (Increase)/decrease in debtors |
(24,455) | 111,389 | ||
| Increase in creditors | 60,096 | 4,310 | ||
| Net cash provided by operations |
403,085 | 98,691 |
| At 1.4.20 | Cash flow | At 31.3.21 | ||
|---|---|---|---|---|
| Net cash | ||||
| Cash at bank and in hand | 149,148 | 419,243 | 568,391 | |
| 149,148 | 419,243 | 568,391 | ||
| Debt | ||||
| Debts falling due within | 1year | (16,158) | (16,158) | |
| (16,158) | (16,158) | |||
| Total | 149,148 | 403,085 | 552,233 |
| Short leasehold | 10%on cost |
|---|---|
| Fixtures and fittings | 15%on cost |
| Motor vehicles | 25%on reducing balance |
| DONATIONS AND LE |
GA | CIES | ||||
|---|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||||
| Donations | 35,735 | 10,923 | ||||
| INCOME FROM CHARITABLE | ACTIVITIES | |||||
| 31.3.21 | 31.3.20 | |||||
| Activity | ||||||
| Room hire | Centre activities | 740 | ||||
| Grants | Centre activities | 768,021 | 457,468 | |||
| Other incoming resources | Centre activities | 51,196 | 42,667 | |||
| 819,217 | 500,875 | |||||
| Grants received, included | in the above, are as follows: | |||||
| 31.3.21 | 31.3.20 | |||||
| Local council and community Comic Relief |
grants | 68,001 | 65,499 50,000 |
|||
| BigLottery Fund Welsh Council for Voluntary |
Action | 87,976 | 9,630 35,596 |
|||
| Children In Need Torfaen County Borough |
Council | 48,432 345,610 |
12,500 262,386 |
|||
| Other grants | 11,281 | 11,780 | ||||
| Gwent Police Fund | 50,393 | 10,079 | ||||
| Capital Grant | 186,956 | |||||
| 798,649 | 457,470 | |||||
| CHARITABLE ACTIVITIES COSTS | ||||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 5) | Totals | ||||
| Centre activities | 152,320 | 152,320 | ||||
| Staffcosts | 364,588 | 3,925 | 368,513 | |||
| Insurance | 2,616 | 2,616 | ||||
| Light, heat and water Cleaning |
4,748 111 |
4,748 111 |
||||
| Printing, postage and stationery | 3,018 | 3,018 | ||||
| Telephone | 1,366 | 1,366 | ||||
| General achvities | 406 | 406 | ||||
| Depreciation | 15,229 | 15,229 | ||||
| Accountancy fees |
2,533 | 2,533 | ||||
| Audit fees | 1,200 | 1,200 | ||||
| Professional fees |
44 | 44 | ||||
| Computer costs |
3,052 | 3,052 | ||||
| 544,402 | 10,754 | 555,156 |
| SUPPORT | COSTS | |||
|---|---|---|---|---|
| Governance | ||||
| costs | ||||
| Staffcosts | 3,925 | |||
| Accountancy | fees | 2,533 | ||
| Audit fees | 1,200 | |||
| Professional | fees | 44 | ||
| Computer costs |
3,052 | |||
| 10,754 | ||||
| NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 31.3.21 | 31.3.20 | |||
| Auditors' remuneration |
2,533 | 2,569 | ||
| Auditors' remuneration |
for non audit work | 1,200 | 1,200 | |
| Depreciation | - owned assets | 15,229 | 16,291 |
| 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| Wages and salaries | 341,795 | 356,459 | |||
| Social security | costs | 18,600 | 19,833 | ||
| Other pension | costs | 8,117 | 8,123 | ||
| 368,512 | 384,415 | ||||
| The average monthly | number ofemployees | during the year was as follows: | |||
| 31.3.21 | 31.3.20 | ||||
| Employees | 21 | 29 | |||
| Administration | and governance | 1 | 2 | ||
| 22 | 31 |
| Notes to the Financial Statements -continued for the Year Ended 31March 2021 |
Notes to the Financial Statements -continued for the Year Ended 31March 2021 |
||
|---|---|---|---|
| COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | |
| fund | funds | funds | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies |
10,923 | 10,923 | |
| Charitable activities |
|||
| Centre activities | 213,240 | 287,635 | 500,875 |
| Total | 224,163 | 287,635 | 511,798 |
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Centre activities Staffcosts |
45,739 114,125 |
44,238 270,290 |
89,977 384,415 |
| Insurance Light, heat and water |
2,426 8,445 |
2,426 8,445 |
|
| Cleaning | 921 | 921 | |
| Repairs and maintenance | 2,752 | 2,752 | |
| Printing, postage and stationery | 1,237 | 1,237 | |
| Telephone | 3,309 | 3,309 | |
| Travelling and expenses Depreciation |
2,058 3,833 |
1,171 12,459 |
3,229 16,292 |
| Training | 2,327 | 12,896 | 15,223 |
| Accountancy fees Professional fees |
3,769 456 |
9,344 | 3,769 9,800 |
| Computer costs | 3,303 | 3,303 | |
| Total | 194,700 | 350,398 | 545,098 |
| NET INCOME/(EXPENDITURE) | 29,463 | (62,763) | (33,300) |
| Transfers between funds | (41,247) | 41,247 | |
| Net movement in funds |
(11,784) | (21,516) | (33,300) |
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward | 134,995 | 56,665 | 191,660 |
| TOTAL FUNDS CARRIED FORWARD | 123,211 | 35,149 | 158,360 |
| TANGIBLE | FIXED | ASSETS | ||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| Short | and | Motor | ||||
| leasehold | fittings | vehicles | Totals | |||
| COST | ||||||
| At 1 April 2020 and 31March 2021 | 124,588 | 107,420 | 16,800 | 248,808 | ||
| DEPRECIATION | ||||||
| At 1 April 2020 | 74,546 | 104,095 | 12,260 | 190,901 | ||
| Charge for year | 12,459 | 1,635 | 1,135 | 15,229 | ||
| At 31March | 2021 | 87,005 | 105,730 | 13,395 | 206,130 | |
| NET BOOK | VALUE | |||||
| At 31March | 2021 | 37,583 | 1,690 | 3,405 | 42,678 | |
| At 31March | 2020 | 50,042 | 3,325 | 4,540 | 57,907 | |
| DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.3.21 | 31.3.20 | |||||
| Trade debtors | 37,753 | 13,298 | ||||
| Prepayments | and accrued income | 2,164 | 2,164 | |||
| 39,917 | 15,462 | |||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 31.3.21 | 31.3.20 | |||||
| Other loans (see note | 13) | 16,158 | ||||
| Trade creditors | 61,993 | |||||
| Accruals and | deferred | income | 35,927 | 29,048 | ||
| Deferred government | grants | 26,333 | 35,109 | |||
| 140,411 | 64,157 | |||||
| LOANS | ||||||
| An analysis ofthe maturity ofloans is given below: | ||||||
| 31.3.21 | 31.3.20 | |||||
| Amounts falling due within one year on demand: |
||||||
| Other loans | 16,158 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.4.20 | in funds | funds | 31.3.21 | |
| Unrestricted funds |
||||
| General fund | 123,211 | 193,625 | (2,923) | 313,913 |
| Restricted funds | ||||
| Counselling Grant |
12,086 | 6,207 | 18,293 | |
| BigLotteries | 9,630 | 9,630 | ||
| Queens Award | 8,000 | 8,000 | ||
| Capital Grant | (3,683) | 3,683 | ||
| Children In Need | 5,433 | 33,299 | 38,732 | |
| Savy Project | 760 | (760) | ||
| Al Engagement Gateway |
3,091 | 3,091 | ||
| Community Facilities Programme |
118,916 | 118,916 | ||
| 35,149 | 158,590 | 2,923 | 196,662 | |
| TOTAL FUNDS | 158,360 | 352,215 | 510,575 | |
| Net movement in funds, included in the above are as follows: |
||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General fund | 435,965 | (242,340) | 193,625 | |
| Restricted funds | ||||
| Counselling Grant |
187,741 | (181,534) | 6,207 | |
| Capital Grant | 8,776 | (12,459) | (3,683) | |
| Children In Need | 48,431 | (15,132) | 33,299 | |
| Savy Project | 760 | 760 | ||
| Al Engagement Gateway |
39,502 | (36,411) | 3,091 | |
| Community Facilities Programme |
186,956 | (68,040) | 118,916 | |
| 471,406 | (312,816) | 158,590 | ||
| TOTAL FUNDS | 907,371 | (555,156) | 352,215 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.4.19 | in funds | funds | 31.3.20 | ||
| Unrestricted funds |
|||||
| General fund | 134,995 | 29,463 | (41,247) | 123,211 | |
| Restricted funds | |||||
| Counselling Grant |
18,053 | (5,967) | 12,086 | ||
| BigLotteries | 9,630 | 9,630 | |||
| Queens Award | 34,132 | (27,919) | 1,787 | 8,000 | |
| Active Inclusion | (3,132) | 3,132 | |||
| Other Projects | (50) | 50 | |||
| Capital Grant | (3,683) | 3,683 | |||
| Children In Need |
1,377 | 4,056 | 5,433 | ||
| The Aspire Project | (14,603) | 14,603 | |||
| Savy Project | 3,103 | (21,095) | 17,992 | ||
| 56,665 | (62,763) | 41,247 | 35,149 | ||
| TOTAL FUNDS | 191,660 | (33,300) | 158,360 | ||
| Comparative net movement |
in funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 224,163 | (194,700) | 29,463 | ||
| Restricted funds | |||||
| Counselling Grant |
170,633 | (176,600) | (5,967) | ||
| BigLotteries | 9,630 | 9,630 | |||
| Queens Award | 50,000 | (77,919) | (27,919) | ||
| Active Inclusion | (3,132) | (3,132) | |||
| Other Projects | 500 | (550) | (50) | ||
| Capital Grant | 8,776 | (12,459) | (3,683) | ||
| Children In Need |
12,500 | (8,444) | 4,056 | ||
| The Aspire Project | (14,603) | (14,603) | |||
| Savy Project | 35,596 | (56,691) | (21,095) | ||
| 287,635 | (350,398) | (62,763) | |||
| TOTAL FUNDS | 511,798 | (545,098) | (33,300) |
| Detailed Statement ofFinancial Activities | ||||
|---|---|---|---|---|
| for the Year Ended 31March 2021 | ||||
| 31.3.21 | 31.3.20 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 35,735 | 10,923 | ||
| Charitable activities |
||||
| Room hire | 740 | |||
| Grants | 768,021 | 457,468 | ||
| Other incoming resources |
51,196 | 42,667 | ||
| 819,217 | 500,875 | |||
| Other income | ||||
| Furlough claim |
52,419 | |||
| Total incoming resources |
907,371 | 511,798 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 337,870 | 343,646 | ||
| Social security | 18,600 | 19,833 | ||
| Pensions | 8,117 | 8,123 | ||
| Insurance | 2,616 | 2,426 | ||
| Light and heat | 4,748 | 8,445 | ||
| Telephone | 1,366 | 1,527 | ||
| Postage and stationery | 3,424 | 3,830 | ||
| Cleaning and caretaking |
111 | 921 | ||
| Repairs and maintenance | 1,941 | |||
| Centre activities | 125,600 | 101,156 | ||
| Travelling and expenses |
52 | 3,590 | ||
| Training | 1,366 | 12,712 | ||
| Depreciation oftangible | fixed assets | 15,229 | 16,292 | |
| Exceptional items | 25,303 | |||
| 544,402 | 524,442 | |||
| Support costs | ||||
| Governance costs |
||||
| Wages | 3,925 | 12,813 | ||
| Auditors' remuneration |
2,533 | 2,569 | ||
| Auditors' remuneration |
for non audit | work | 1,200 | 1,200 |
| Professional fees |
44 | 771 | ||
| Computer costs |
3,052 | 3,303 | ||
| 10,754 | 20,656 | |||
| Total resources expended | 555,156 | 545,098 | ||
| Net income/(expenditure) | 352,215 | (33,300) |