2023-03-31-accounts - Cwmbran Centre For Young People

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Contents ofthe Financial Statements	Contents ofthe Financial Statements
for the Year Ended 31March 2023
			Page
Report ofthe Trustees		1	to	6
Report ofthe Independent Auditors		7	to	10
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement			13
Notes to the Cash Flow Statement
Notes to the Financial Statements		15	to	24
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		fo	r the Year	Ended 31March	2023
						31.3.23	31.3.22
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies				16,124		16,124	24,454
Charitable activities
Centre activities				248,275	396,029	644,304	670,635
Other income				1,927		1,927	17,689
Total				266,326	396,029	662,355	712,778
EXPENDITURE ON
Charitable activities
Centre activities Staffcosts				19,243 199,564	63,251 303,744	82,494 503,308	158,776 493,137
Insurance Light, heat and water				3,097 11,155		3,097 11,155	2,757 7,477
Cleaning				766		766	788
Repairs and maintenance				10,761		10,761	5
Printing, postage and	stationery			2,424		2,424	919
Telephone Travelling and expenses				1,776 4,209		1,776 4,209	4,238 1,727
General activities				24,151		24,151
Depreciation				7,688	9,592	17,280	14,334
Training							3,195
Accountancy fees				1,200		1,200	1,200
Audit fees				3,516		3,516	2,533
Professional fees				11,137		11,137	111
Computer costs				4,097		4,097	3,210
Total				304,784	376,587	681,371	694,407
NET INCOME/(EXPENDITURE) Transfers between funds			16	(38,458) 140,494	19,442 (140,494)	(19,016)	18,371
Net movement in funds				102,036	(121,052)	(19,016)	18,371
RECONCILIATION	OF FUNDS
Total funds brought forward				337,780	191,165	528,945	510,575
TOTAL FUNDS CARRIED FORWARD				439,816	70,113	509,929	528,946

					31.3.23	31.3.22
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	f
FIXEDASSETS
Tangible assets		10	118,001	40,605	158,606	28,344
CURRENT ASSETS Debtors Cash at bank and in hand			16,948 404,843	58,328	16,948 463,171	20,150 546,134
			421,791	58,328	480,119	566,284
CREDITORS
Amounts falling	due within one year	12	(51,016)	(28,820)	(79,836)	(65,683)
NET CURRENT ASSETS			370,775	29,508	400,283	500,601
TOTAL ASSETS LESSCURRENT LIABILITIES			488,776	70,113	558,889	528,945
CREDITORS
Ansounts lhlllng	due niter uiore titan uoe year		(48,960)		(48,960)
NET ASSETS			439,816	70,113	509,929	528,945
FUNDS		16
Unrestricted funds					439,816	337,780
Restricted funds					70,113	191,165
TOTALFUNDS					509,929	528,945

					Cash Flow Statement
				for the	Year Ended 31March	2023
						31.3.23	31.3.22
				Notes			f.
Cash llows from operating	activities
Cash generated from operations						64,579	(22,257)
Net cash provided by/(used	in) operating		activities			64,579	(22,257)
Cash llows from investing	activities
Purchase oftangible fixed assets						(147,542)
Net cash (used in)/provided	by investing		activities			(147,542)
Change in cash and cash equivalents		in	the
reporting period						(82,963)	(22,257)
Cash and cash equivalents	at the beginning			of
the reporting period						546,134	568,391
Cash and cash equivalents	at the end	ofthe
reporting period						463,171	546,134

	RECONCILIATION OF ACTIVITIES	NET (EXPENDI	TURE)/INCOME TO NET CASH FLO	W FROM OPERATI	NG
				31.3.23	31.3.22
	Net (expenditure)/income	for the reporting	period (as per the Statement of
	Financial Activities)			(19,016)	18,371
	Adjustments for:
	Depreciation charges			17,280	14,334
	Decrease in debtors			3,202	19,767
	Increase/(decrease) in creditors			63,113	(74,729)
	Net cash provided by/(used	in) operations		64,579	(22,257)
Z.	ANALYSIS OF CHANGES IN 1)IETFUNDS

ANALYSIS OF CHAN		GES IN 1)IETFUNDS
			At 1.4.22	Cash flow	At 31.3.23
				8
Net cash
Cash at bank and in hand			546,134	(82,963)	463,171
			546,134	(82,963)	463,171
Debt
Debts falling due within		1 year	(16,158)	(3,844)	(20,002)
Debts falling due after	1	year		(48,960)	(48,9(0)
			(lhi, 158)	(52,804)	(68,962)
Total			529,976	(135,767)	394,209

DONATIONS AND LE	GA	CIES
			31.3.23	31.3.22
				E
Donations			16,124	24,454
INCOME FROM CHARITABLE ACTIVITIES
			31.3.23	31.3.22
		Activity
Grants		Centre activities	588,875	621,683
Other incoming resources		Centre activities	55,429	48,952
			644,304	670,635
Grants received, included	in	the above, are as follows:
			31.3.23	31.3.22
Local council and community		grants	98,448	78,001
Welsh Council for Voluntary		Action	52,501	74,023
Children In Need			32,575	39,433
Torfaen County Borough	Council		269,278	356,813
Other grants			45,561	44,480
Gwent Police Fund			40,315	20,157
Capital Grant			50,197	8,776
			588;875	621,683

				Support
			Direct	costs (see
			Costs	note 5)	Totals
			f	f.
	Centre activities		82,494		82,494
	Statf costs		487,742	15,566	503,308
	Insurance		3,097		3,097
	Light, heat and water		11,155		11,155
	Cleaning		766		766
	Repairs and	maintenance	10,761		10,761
	Printing, postage and stationery		2,424		2,424
	Telephone		1,776		1,776
	Travelling and expenses		4,209		4,209
	General activities		24,151		24,151
	Depreciation		17,280		17,280
	Accountancy	fees		1,200	1,200
	Audit fees			3,516	3,516
	Professional	fees		11,137	11,137
	Computer costs			4,097	4,097
			645,855	35,516	681,371 Governance
5.	SUPPORT	COSTS
					coals
	Staff costs				15,566
	Accountancy	fees			1,200
	Audit fees				3,516
	Professional	fees			11,137
	Computer costs				4,097
					35,516

Net income/(expenditure)	is stated atter charging/(crediting):
		31.3.23	31.3.22
Auditors' remuneration		3,516	2,533
Auditors' remuneration	for non audit work	1,200	1,200
Depreciation —owned assets		17,280	14,334

		31.3.23	31.3.22
Wages	and salaries	467,450	455,746
Social	security costs	25,756	23,878
Other	pension costs	10,102	9,513
		503,308	489,137

			31.3.23	31.3.22
Employees			30	22
Administration and governance			I	1
			31	23
No employees received emoluments	in excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL		ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fundsf	funds
INCOME AND ENDOWMENTS	FROM
Donations and legacies		24,454		24,454
Charitable activities
Centre activities		274,211	396,424	670,635
Other income		17,689		17,689
Total		316,354	396,424	712,778
EXPENDITURE ON
Charitable activities
Centre activities		38,553	120,223	158,776
Staff costs		220,337	272,800	493,137
Insurance		2,757		2,757
Light, heat and water		7,477		7,477
Cleaning		788		788
Repairs and maintenance		5		5
Printing, postage and stationery		919		919
Telephone		4,238		4,238
Travelling and expenses		1,705	22	1,727
Depreciation		1,875	12,459	14,334
Training		3,095	100	3,195
Accountancy fees		1,200		1,200
Audit fees		2,533		2,533
Professional fees		111		111
Computer costs		3,210		3,210
Total		288,803	405,604	694,407
NET INCOME/(EXPENDITURE)		27,551	(9,180)	18,371

			Notes to the Financial Statements - continued for the Year Ended 31March 2023	Notes to the Financial Statements - continued for the Year Ended 31March 2023	Notes to the Financial Statements - continued for the Year Ended 31March 2023
	COM PARATIVES		FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
					Unrestricted	Restricted	Total
					fund	funds	funds
					(3,683)	3,683
	Net movement in funds				23,868	(5,497)	18,371
	RECONCILIATION			OF FUNDS
	Total funds brought		forward		313,913	196,662	510,575
	TOTAL FUNDS CARRIED FORWARD				337,781	191,165	528,946
10.	TANGIBLE	FIXED		ASSETS
					Fixtures
				Short	and	Motor
				leasehold	fittings	vehicles	Totals
	COST
	At 1 April 2022			124,588	107,420	16,800	248,808
	Additions			147,542			147,542
	ar 31 Marrh	7073		272 130	107.420	16.800	396.350
	DEPRECIATION
	At 1 April 2022			99,464	106,754	14,246	220,464
	Charge for year			16,147	494	639	17,280
	At 31 March	2023		115,611	107,248	14,885	237,744
	NET BOOK	VALUE
	At 31 March	2023		156,519	172	1,915	158,606
	At 31 March	2022		25,124	666	2,554	28,344
11.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
						31.3.23	31.3.22
							f
	Trade debtors					13,087	17,406
	Prepayments	and accrued income				3,861	2,744
							20,150


12.	CREDITORS: AMOUNTS		FALLING DUE WITHIN		ONE YEAR
						31.3.23	31.3.22
							6
	Other loans (see note 14)					20,002	16,158
	Social security and other	taxes				8,042
	Accruals and deferred income					51,792	31,967
	Deferred government grants						17,557
						79,836	65,682
13.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
						31.3.23	31.3.22
	Otherloans(see note 14)					48,960
14.	LOANS
	An analysis ofthe maturity	ofloans is given below:
						31.3.23	31.3.22
						f,
	Amounts falling due within one year on demand:
	Other loans					20,002	16,158
	Amounts falling due between		two and five years:
	Other loans —2-5 years					33,456
	Amounts falling due in more than five years:
	Repayable by instalments:
	Other loans more 5yrs instal					15,504
15.	LEASING AGREEMENTS
	Minimum lease payments	under non-cancellable		operating	leases fall due as follows:
						31.3.23	31.3.22
	Within one year					5,448	5,448

MOVEMENT	IN FUNDS
				Net	Transfers
				movement	between	At
		AI	1.4.22	in funds	funds	31.3.23
				8
Unrestricted funds
General fund		337,780		(38,458)	140,494	439,816
Restricted funds
Counselling Grant		56,452		(16,1 16)	(22,525)	17,811
1318Lotteries			8,205		(8,205)
Queens Award			7,900		(7,900)
Active Inclusion			7,106	(96)	(7,010)
Other Projects			3,816	(134)	(3,682)
Capital Grant				40,605		40,605
Children In Need		42,170		(8,254)	(25,772)	8,144
AI Engagement	Gateway			7,978	(7,978)
Community Facilities Programme		29,926		(16,756)	(13,170)
Youth Support	Strategy	35,590			(35,590)
OPCC				3,553		3,553
Safer Street				8,662	(8,662)
		191,165		19,442	(140,494)	70,113
TOTAL FUNDS		528,945		(19,016)		509,929
Net movement	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
						f.
Unrestricted funds
General fund				266,326	(304,784)	(38,458)
Restricted funds
Counselling Grant				221,576	(237,692)	(16,116)
Active Inclusion					(96)	(96)
Other Projects				11,734	(11,868)	(134)
Capital Grant				50,197	(9,592)	40,605
Children In Need				32,575	(40,829)	(8,254)
A I Engagement	Gateway			7,978		7,978
Community Facilities Programme					(16,756)	(16,756)
OPCC				40,315	(36,762)	3,553
Safer Street				31,654	(22,992)	8,662
				396,029	(376,587)	19,442
TOTAL FUNDS				662,355	(681,371)	(19,016)

					Net	Transfers
					movement	between	At
				At 1.4.21	in funds	fundsf	31.3.22
Unrestricted funds
General fund				313,913	27,551	(3,683)	337,781
Restricted funds
Counselling Grant				18,293	38,159		56,452
Big Lotteries				9,630	(1,425)		8,205
Queens Award				8,000	(100)		7,900
Other Projects					3,397		3,397
Capital Grant					(3,683)	3,683
Children In Need				38,732	3,438		42,170
Al Engagement Gateway				3,091	4,015		7,106
Community Facilities Programme				118,916	(88,990)		29,926
Youth Support Strategy					35,590		35,590
WG Winter Wellbeing		Fund			419		419
				196,662	(9,180)	3,683	191,165
TOTAL FUNDS				510,575	18,371		528.946
Comparative net movement			in funds, included	in the above are as follows:
					Incoming	Resources	Movement
					fesollfces f	expended	in funds f.
Unrestricted funds
General fund					316,353	(288,802)	27,551
Restricted funds
Counselling Grant					237,851	(199,692)	38,159
Big Lotteries						(1,425)	(1,425)
Queens Award						(100)	(100)
Other Projects					10,027	(6,630)	3,397
Capital Grant					8,776	(12,459)	(3,683)
Children In Need					39,432	(35,994)	3,438
AI Engagement Gateway					57,865	(53,850)	4,015
Community Facilities Programme						(88,990)	(88,990)
Youth Support Strategy					36,250	(660)	35,590
WG Winter Wellbeing		Fund			6,224	(5,805)	419
					396,425	(405,605)	(9,180)
TOTAL FUNDS					712,778	(694,407)	18,371
Transfers between	funds

		Detailed Statement ofFinancial Activities
		for the Year Ended 31March 2023
			31.3.23	31.3.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations			16,124	24,454
Charitable activities
Grants			588,875	621,683
Other incoming resources			55,429	48,952
			644,304	670,635
Other income
Furlough claim				17,614
Room hire			1,927	75
			1,927	17,689
Total incoming resources			662,355	712,778
EXPENDITURE
Charitable activities
Wages			451,884	444,510
Social security			25,756	23,878
Pensions			10,102	9,513
Insurance			3,097	2,757
Light and heat			11,155	7,477
Telephone			1,776	1,814
Postage and stationery			2,424	3,343
Cleaning and caretaking			1,052	788
Centre activities			117,120	162,781
Travelling and expenses			4,209	1,727
Training				3,195
Depreciation oftangible	fixed assets		17,280	14,334
			645,855	676,117
Support costs
Governance costs
Wages			15,566	11,236
Auditors' remuneration			3,516	2,533
Auditors' remuneration	for non audit	work	1,200	1,200
Professional fees			11,137	111
Computer costs			4,097	3,210
			35,516	18,290
Total resources expended			681,371	694,407
Net (expenditure)/Income			(19,016)	18,371