## |||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)|