REGJSTERED COMPANV NUMBER: 05163501 (England and Wale5) REGISTF.RF.D CHARITY NUMBER.. 1110726 Report of thc Trustees and Flnarhclal Statements for the Year Ended 31 Marcli 2024 for Cwmbran Centre for Young Pcople Xeinadin Audit Liniited Cliartered Accountants & St3thtory Auditors Highdale House 7 Centre Court Treforcst IndLlStrial Estate Pontypridd ]lthondda Cynon Taff CF37 SYR
Cwmbran Centre for Young People Cont¢nts of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Report of the Independent Audltors 7 to 10 Slalemenl of Flnanclal Activltles BRlance Sheet 12 Cash Flow Statement Notes to the Cash Flow Statement Note$ to the Finnncial Statements 15 10 24 Delalled Statement of Flnanclal ActItIeS 25
Cjvmbran Centre for Young People Report of the Trustees for the Year Ended 31 March 2024 The ttwstees who are also directors of the chatiry for the PUTposes of the Companies Act 2006, preseiit tkneir report with the finaDcial 5t&temell(s of the charity foi tbe y£ar ended 31 March 2024, Tlie trust¢cs hav¢ adopted th2 provisions of Accounting and Reporting by Chaiities.. Statement of Rccommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standai'd applicable in the UK and Republic of Ireland (FRS 102) leffectivc l January 20191. OBJEcfIvEs AND ACTIVITIES Objective5 and aiDIS Cwmbran Centre for Young People is a voluntary drop in centre for young people. Tbe coinpaiiy's objects and principal activities aTe to.. 'Educate young pcople so as to d¢velop thtir pliy5ical, Incnlal. social and spiritual welfare capaci¢i¢s t]ial they may grow to 1] ill8rity as individuals and menibers of society and that theii. conditions of life niay be in)proved" 'To provide young people with the support and assistance they need to achicve their goals. In furtherance of the above.. Establisli a Youth CeiJtre and to iiiaiiage and iiiaintain it Collaborate and ¢o-op¢rat¢ with local regulatory bodies Raisc funds by n)cans of subscriptions, douotions, grants and ally Other lawful means i])cluding a rangc of Social ci)t¢rprise Do all such other lawful things wliicb are necessary for the attainineni of the objeclives. The main obje¢live5 and aclivitics for tl)e year were-. To incrcase the range and quality of services for young people To increase tlie Centre's usage To raise funding lo make changes to the Centie'5 building To improvc the image of tlie Centre tlirougliout the local convnunity To iiivolve and consult young people in all aspects of the centre To be aware of the healtb and welfare of all staff and young people using the Centre To achieve its objectives, the Centre has four main project &reas.' Aclniinistration and finance Traii)ing Suppoi'l and guidance Social Entetprise The Centre also has as one of its main objectives to deliver a range of social entcrprises through e8eh of these project ai'eas. Each team lias its own objectives whickn link into tl)e Centre's ainll and objectives, whickn are reviewed on 2 regul. basis when progranunes of activity and largels are set. The n)oin activities whicli tbe centre provides to achieve these objectives are listed under the following achievement and performance section. Publle benefit The trustees have i'eviewed the guidaDce published by the Charity Commission with r¢gaTds to public bencfit. They arc sati5fi¢d tbat the cbarity meets the two kcy principles of PLiblic bciiefit in that.. l) The charity provides an identifiable benefit in its key aim to provide, maintain, improve and advance education lo young people, to develop tlieir physical, mcntal, social and Spiritual welfare capacities tliai ihey tnay grow to fvll niaturity as individuals and members of so¢iety and that their conditions of life may be improved. 2) This benefit is made available to the general public. Page I
Cwmbran Centre for Young People Report of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT Achievement and pcrforman¢e Charitable activities 2023-2024 bas seen a ¢ontiuuation in the Oub¢r of significant developments iti tbe ccntre'5 progress. Ti'ainlng Training includcd NVQIQCF, Traineeships, essential skills and Apprentic¢ships in arcas 5ucb as youth work, cmployability aT)d business administration. The project was very successful, and As there l)as been a higli demalld for NVQIQCF qualifications and ot]JCT training that the project had to offer, we have been fortunate to continu¢ tTaining young people in NVQIQCF in Youth WoTk and Business Administration. Employability Sk]"Ils, H¢altl) alld Social care aDd Progression. A number of Centr¢ staff are trained as ass¢ssors, vcrifiers and basic skill tulors for NVQIQCF and we
i'e Continuing with this process. We have iegislered wilh City and Guilds to d¢liv¢r and asses5 young people ID Bll$ltJCSs AdminislTation, Esscntial
s.11$, Health, Social care and ABC awaTding bodies to d¢liv¢r Youth Work and Employability Skn'lls Progrcssion.The Celltre is reStered as a suL)-conlraclor to B-WBL consorliuin for the apprenliLcship contract5 and ACT training for thc new JGW programrnc Its deliver work-based training contracts. We have delivered training for a raiige of agencies itJ¢luding schools, community police, pupil refeiTal units. other work-bascd ag¢nci¢s. youtli off¢nding tearns and other voluntary organisations, Torfaen Young People's Coun5elling Serldce Our Counselling SeTviee began in Scptember 2005 with (>iie ¢ounsellor woi.king on a Thur5d&y cv¢niii&' now we have a ieam of 14 counsellor5 offering al least two days 8 weck in cach secoudary s¢hool, providing counselling acr055 Primary schools, and offerinE scs5ions al the Cwmbran Centre for Young Pcople for those who would like to be seen after s¢hool. Tlie age rar]ge that we work with is from 7 to 19 years Dld. We COAtinuc to receive ovcrwhclmingly positive feedback froni the young people, most of whom refer themselves dire¢ily foT counselliDg, and dernand for the seNice continues to grow. Young People come to see a counscllor for many different reasons, with Ihc most frequently occurring bein8.' anxiety, anger, family issues, low esteem, depression, bereavemeDI ld bullyiiig. We can be contacted via our Facebook Pagc, our confidential aDswer phone service. Instagram or via email. Our aim 15 to be as accessible as possibl¢ lo tlje young people of Torfaen who might benefit from Iiaving counselling. Witl) additional ndS from WG we have been able lo offer more days sn both Primary and Secondary scboo15. The service also offered Collsultative supe1$10 s¢ssiotts for school staff in Torfa¢n Youth actlvitie5 - include the following.. The Centre will continue to supporl and provides a friendly and safe environment for young people. These drop-in sessions providcd youth activilics and 5UPPOrt froni trained 51aEf when required in several differeut areas sucb as trkinillgl bomelesslless, relationship issue5, drugs and alcohol issues and oibers in relation lo th¢ young person's need5. Tl)c Cenlrc will continue lo provide several difftrei)t youth activities For a rangc of agcs during the financial yeaT. The aLtivitics will include going to different vcnues including local swiinming pools, trampoline park etc. In the ¢entrc w¢ have had several themed nights and days which included Hallowccn parties, Ventre prom, balld ni8hts, quiz nights, games niglits and also charity cvents lo raise money for Comit Rclief, Children In Need and Macmilllatt. Volunteers have been an integral pari of Lhe youtl) a¢livities Provided for ihe young people and the centre bas been abl¢ lo provide opportunities for tl)em to grow as individuals And learn and develop their individual skill5. Butlding Work Tli¢ Centre secured lunding from the WCVA Comrnunity Asset Development Programme to complete major r¢novation work to replace ils main kitcben and toilets. This also included the creation of a new universal toil¢l. Quality Mark in Youth Ivork The centre was the first youll) organisation in Wales to achieve Ibe CWVYS qualsty Tnark in Youth Work. The centre also plans to continue to Involve volunteers more itt the activities of tbe c¢ntre. fbe Welsh Assembly GovernmcDt iDtroduced a quality tnatk for youtli work. This had iknree lev¢ls.' Bronze, Silver and Gold. The Cenlre was selcclcd to take part in the pilot for Ihe bronze award and wa5 one of the firsl Iliree youth organisalions lo aclll'eve tlie bronze award. The CcDtrc also achieved the Silver and Gold award. ReceDLly the c¢iJtre -aCbIeVed Ihe bronze quality mark. Page 2
Cwmbrall Centre for Young People Report of the Trustees (or the Year Ended 31 March 2024 STRATEGIC REPORT Flnancial revieiy Financial position We have a deficit f(Jr Il)e year Ttj unrcslriclcd funds of £48,944 and a deficit on restricted funds of £1,706. Unr¢stTlCted rc5¢rvcs carried fonvard at the year end 2moui)ted to £390,872 of which £35,590 was desiated, wlule Tcstrictcd re5crves aftcr tTai)sfers CrIed fonvard amounted to £68.407.. Principal funding sources Tl)e principal fvnding Sources for Ihe charity are CuentlY by way of grant and Contract income from our core fijnders. Our main core nder is Cwmbran CoinmuDity Council. witl) Croesyceiliog alld L12nyrafoii Commu]iiry Coullcil and Torfacii County Borougli Council bein8 our oth¢r ¢or¢ rund¢TS. Investment policy and objectives The Management Con]mittee have the power to invest in su¢l) assct5 as they sec fit, mtsnics not imn]cdialely requiTed foi. tl)e fiutherance of ils objccts. Re5eiwe5 policy The rcserv¢s ar¢ n¢¢d¢d lo mcct th¢ working capital requii'einents of the charily. The Management Committee have establishcd 2 policy whereby Ilie uiir¢stricled fuuds iiot con]Jiutted or invested iii tangible red SetS h¢ld by the charity should be the equivaleiit to three niot)ths running costs, whieb bas¢d on tlie accoullts for ilie year ended 31 March 2024, equales to approximately £16S,000. The unrestricted resetves of the charity (excluding taneible fixed us5ets and designated funds) as at 31 March 2024 amounted to £253,035.Tl)¢ Manageni¢nt Commillee al'e therefore satisfied with th¢ lev¢1 ofrc5erve5 held at present. Flnttnclal and risk management objectives and policTes The Centre has condii¢led a review of th¢ major risks to which the charity is exposed. A risk fil¢ is kept 2nd upd)t¢d on #n ongoing basis. Where appropriate, systems or PToceduTes have been eslablisl)ed to mitigate the risks the charity faces. Pro¢cdures ar¢ in placc lo ¢n5ur¢ complian¢¢ wilh Iiealtli and safety of staff, volunt¢¢TS, clicnts and vi5ilors lo ihe centre. Tbe centre 15 committed lo the Principles of Investors in People having conipleted sonic vcry succcssful insp¢ction5. Futur¢ plans It has been a lop priority project on the continued developnient of so¢ial enteTprises which not only develop skills and employability skills with the young people bui is also a poteIitial source of inconit by acliieving contracts and grants. The Centre is in Ilie Ihe process of establishing a community cafe projecl and an in(ei'g¢neTational skills sliare project. The charity plans to continue the activzties outliiied abov¢ in Il)¢ fortli¢omiiig y¢ars subject to satisfactory fijndillg arr)gementS. In addition, it l)&s ¢oiituiucd to dcv¢lop it5 Inforn)atlOll Support and Guidance including settillg up and establishing effective links with Communities for action. The cbarity is r¢gisler¢d will) the relevanl awaTding bodies lo deliver and a85e55 Essential Ski115 and NVQ'S in BLisine$s Admin, Youtl) Work, Employability and Healtli & Social Care. It bas trained 2 staff as vcrifiers aud 4 as as5essor5. This enablcs us to fulfil our Training contracts.The Celllie will train I more verifier and 2 tnore ass¢ssors in Ihc y¢ar lo comc in OTd¢T lo build Ilie capacity required to increase its Welsh Govcrnmcnl trainiiig Colltracts. A new traiiiing ro(Trm in tl)e up5taii's area ha5 been created as office space and additional counselling facilities as well as coiiti.acts and the Centre now cn5urcs this arca is fvlly utilised to generate more incoine ènd provide services. A new bu$incss plan Ilas bten coinple(cd. Tl)t5 OUtliIics liow the CenlTe will look to bLiild oli siibcoIilra¢ts to delivei. the Welsli Government Apprenticeship Pro&FI'amme and Job Growth Wales + programme. The Entrai)c2 por¢lJ and a ii)ore efficient heallng systein for the main hall area will also be a priority. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The orgai)isation is a charitable company liinitcd by guarantee, Incoor81ed on 25 June 2004 and registered as a charity 01) 4 Au1st 2005. Mie cornpany was established undei. a Memorandum of Association wliich established tbe objects 2nd powers of the cliaritablc company and 1$ governed under its Articles of Association. In the event of the coinpany being wound up mei))beTS are required to contribute an ainount not exceeding £1 O to the cl?aiitys a55ets. Page 3
Cwmbran Centre for Young People Report of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND F+iANAGEMENT Recruitment and appointment of new trustees The Management Committee wiu ele£t from within themselves tbe number of tstee$. which sh211 be nor less Ihallj three but is not subject to any maximutn. Tl)e charitys work focuses upon young people. therefore, the Management Committee seeks to ensur¢ that Il)c nccds of this group are appropriately reflected througb the diversity of the trustee body. Org4nisational structure Cwinbran Centre for Young Peopl¢ lias a Manr4gement Coinmittee of not less than three members wbo meet every two Inonihs and arc responsible for thc sti'at¢gic direction and policy of the chariLy. At presetjt Ihe con1ce has nine members from a variety of professional ba¢kgTounds relevant to the WOTk of tl)c charity. A scb¢Jne of delegation is in place and day to day r¢sponsibility for the provision of the services rest with the Centre Manager along ivith the Finance and Adniinistrilion Manager. The Centre Manager is responsible for ensuring Ilial the cliarity delivers the servi¢¢s spe¢ifi¢d and Ihat key peTfonnance indicators are met. The CentTe Manager lias responsibility for tlie day lo day operatioiial IDanagem¢nt of thc Ccnlrc, individual supcrvision of the staff team aad also ensuring tliai the team continue lo develop their skills and working praclice5 in linc witli good praclicc. Induction and training of neiv trustee5 Most irnstees are aLr¢ady fawiliar with thc practical work of the charity l)aving worked on the Centr¢ Managcment Committee. New trust¢e5 invited to attend a serie5 of short trainitig sessions to fAmiliarise themselves with the charity and tbe context within which it operates. Tlie5e are Organised by the Centre Manager and the Training Manager and cover= The obligaliorts of Mau8gemenl Committee members. The main documents which Set oui the opertsiional franjework for the charity including the Memorandutll and Arti¢l¢s. Resources and the current financial position k)s set out in the lalesl published accounts. Future plai)s and obj¢ctiv¢s. Related parties The Centre follows national and local policy regarding young people, The Centre has Close links with Torfaen Voluntary Alliance and the Centre has lijiks with other abTencies working wilh young pcople with slalf being members of a number of local partnerships. The C¢ntr¢ a150 affiliatcs to lh¢ Wales Council for Voluiitary A¢iion, Boy5 and Girls Clubs of Wales, and the Council for Wales Voluntary Youth Service. These links have proved invaluable to ilic cli74rity in establishing inipiov¢d links within thc Gommunity and idgntifying relevant policy developmcttts and prospective fi)nding. Page 4
Cwmbran Centre for Young People Report of the Trustees for the Year Ended 31 March 2024 REFEREINCE AND ADIIINJSTRA Tr1 DETAILS istered Co
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nUber 05163501 Istered Chari 1110726 number slercd Office GlyndwT Road Cwmbran Torfaen NP44 IQS Directors Stuart Ashley Kebba Manneh Nigel Davies (Vic¢ Chainnan} Rhiannon Benn¢lt Ichainvoman) Colin Crick Julian Davenne Susan Morgan Leann¢ Lloyd-Tolman resigned 03.07.24 appointed 03.07.24 appointcd 03.07.24 appointed 03.07,24 appoinred 03.07.24 Mana ement Commlttee Mcmber5 & Trustees ut not directors Scan Wharton Audltor5 Xeinadin Audit Limited Chthered Ac¢ouiilants & Siattjlory Auditor5 Higbdale House 7 Centr¢ Court Treforest Industrial Esta1¢ Pontypridd Rhoiidda clon Taff CF37 SYR STATEMENT OF TRUSTEESI RESPONSIBILITIES Thc trustees (who also th¢ directors of Cwmbran Centre for Young People for the PUTpose$ of company lawl ale r¢sponsible for pi'cparing the Report of the TTUStc¢s and the financial statements in accordance witli applicablc law and United lthngdom Accounting Standard5 (Unilcd Kingdoin Generally Accepted Accounting Practice), Page 5
Cwmbran Centre for Young People Report of the Trustees for the Year Ended 31 March 2024 SI'ATEIVILN'f OTr 'i'RUSTEES' RESPONSIBILITIES - continued Company law requires the Iruslees to prepare financial statements for each financial year whicli give a true Ènd fair vitw of the state of 2tTairs of the charitabl¢ COpanY and of the incoming resourccs and application of I'csources, IncludirjI the income and expendiDJre, of the cbaritable company for that period. In preparing those financial statements, tbe trustees are required lo 5clect suilablc accounting policies and tl)en apply them consistcnily; observe the metl)ods and PTinciples in the Charity SO]iP., tnake judgements alld estimates tliat are reasonable and prudent: state wliether applicable accounting siandards have been followed, subjecl lo any n)atcrial dcpartuffs dis¢losed and explained in the financial stateinents. prepar¢ the financial statenients on the going concern basi$ unless it is inappropriate to presume that the charitable company will continue in busincss. The trnstees are rcsponsible for keeping proper accounting records which disclose widi rcksonabl¢ a¢¢uracy at any lime the fmaDcial position of thc chariiable coii)PSLlly and to enable theTn to ensure Ilial Ilie financial slaternents comply with the Companies Act 2006. They are also responsible for Safeguarding the assets of tlie cbaritable company and hence for takL'ng reasouable steps foi the prevention and deteclir)n of fraud ajjd otlier irtcgularitics. In so far as the trnstees are awai'e.. ¢her¢ is no relevant audit infonnaiion of whi¢h Ihe ¢13ariiabl¢ company's auditors are unaware; and the trustees have taken all sleps Ihal they ought lo have taken lo make ihernselves aware ol any r¢l¢vanl audit informaiion and to eslablish that the auditors are aware of dial infomiation. AUDITORS The auditors, Xeinadin AvdiL Lirnited, will be PToposed for re-appointixent al the forthcoming Annual General Meeting. Report f th I slees, incorporating a slralegic report, approved by Order of the board of tist¢£$. as the company directors, on i.i..l.1..15.1¥............. id signed on the board's bel)31f by.. Councillorc-frick - Tiustce Page 6
Report of the Independent Audfitors to the Member5 or Civmbran Centre for Young People Oplnffton We liave audited tbe financial stateinents of Cwmbran Centre for Young People (the 'cl)atitable company) for tl)e year endcd 31 Nlarch 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow Stalerncnt and not¢5 to thc financial statcmcnls, including a sUn)ary of significant accounting policies. The financial rcporting framcwork that lias been applied in tbeir preparation is applicable law and United Kingdom Accounting Standards {United Kingdoin Gcncrally Accepted Accounting Practice). In our opinion the financial statements., givc a truc and fair vicw of tlie slate of tbe tharitable compally's affairs As at 31 Marcli 2024 and of its ll)comii)g resource5 alld applicauon of IEsources. including its income and expEnditure, for the year llien ended., liave been properly prepared ill accordance wilh ullid Kmgdom Generally Accepted Accowiling Pra¢tice,' aod h1£ VE be2n prepared it] accordance witli the requirements of the Companies Act 2006. Basls for opinion Ive coiiducted our audit in accordance with Intematioi)al Standards oll Auditlng IUKI (ISAS (UK)) and applicable law. Our responsibilities undei. tliose siandard5 are further des¢iibed in thc Auditors, responsibilities for the audit of thc finanfjial 51alcn)cnls 5cclion of our TCPOI't. We are indcpendeilt of the cliaritable company in accordance with die ethical rcquireni¢iits that aTe I'elevaut lo our audit of tl)e fiiiaucial statenients in the UK, including Ilic FRC'S Ethical StandJTd. and we have fulfilled our otl)er ethical responsibilities in accord2tice with these rcquir¢iiients. We believe tliat Ihc audit evidence we have obtained is suffici¢nt and appr(>prial¢ lo provide # basis for our opiiiion. Concluslons relatlng to going concern In auditing the financial silltcmcnls, we Iiave concluded Iliat the trustees, use of tl)e going concern basis of accounting in tl)e preparation of tlie rinancial S¢a(ementS 15 appropriate. Based ort the woJ.k we liave p¢rforni¢d, we havc not identified any niaterial Uncertainties relating to events or conditions that, individually or ollectively, may cast significant doubt on the cliaritable company's ability lo ntinUe as a going concern for a period of at least twelve nionths from wlien tlie financial stalenienls are aiiiliorised foi. is5U¢. Our Tesponsibilities and the responsibilities of Lh¢ 1rnslE¥S wjih Tcsp¢cI (0 going conceiij are described in the relevanl Sections of t]iis report. Other Informatlon Th¢ trustccs arc responsible for the other information. nie otlier information comprises tbe infonnalion included in the AnIiual Report. other tl)an Ilie rinancial statements and our Report of the Independent Auditoi"s thereon. Our opinion on the financial sialtmenls does not cover Ilie other infomialion and, except lo Ilie extent othcrnvise explicitly stated in our report, we do not cxpress any forni of assuraiice conclusion tbereon. In coiinectioi) with our audit of rbe fill1claI stalen)enls, our i'esponsibiLity is to read the other infornialioll and. in doiiig so, coiisidcr whetlier tlie other inforniation is inalerially irtcoosisl¢nt with Ilic financial stalcmcnls or our knowledge obtained in Ilie audit or oihenvise appears to be materially misstated. If we identify such nialerial inconsistencies oi apparent material misstatements, we are i'equired lo delemiit]e whether this gives rise to a material misstatement in the financial slalenients Ili¢in5¢1v¢s. If, based on Ihc work wc l)ave pcrformcd. wc conclude that there is a Inatcrial misstalem¢nL of this oth¢T information, wc are qUired to report that fact. We have nothing to repoi'l in this regard. Opinion5 on other matter5 prc5cl.ibed by the Companies Act 2006 In our opinion, based on the work undertaken in thc course of the audit.. Ihe infOratiOn given in the Report of the TNslees for the fiDancial year for which the financial slalements are prepared is consistent witb the financial statemenls,. and Il)e Reporl of the Trust¢es has been pi'epaTed in accordance will) applicable legal requireinents. Matters on Ivhich we are required lo report by exceprfon Ill the light of the knowledge and understanding of tlie charitable conipany and its cnvironinent obtained in tlic course of tlie audit, we l)av2 not identifIEd niat¢J'ial misstatcni¢n15 in the Report of the Trustees. We have nothing to report in rcspccl of the following matters where the Companie5 Act 2006 require5 us lo report to you if. in our opinion.. adequatc accoullting records bave not been kept or returns adequate for our audit have not beeJJ received from branches not V15iied by us. or the financial statenients are iiol in agreernent wiib the accounting iecords and retums., or Certain disc105UTes of trLEslces' remuneration specified by law are not made., or we have not received all ihe information and cxplanations we rcquiTC for our audit. Page 7
Report of the Llldependent Auditors to the Members of Cwmbran Centre for Young People Re5ponslblllttes of trustees As explained more fully in the StatCTn¢nl of TTUStees' Responsibilities. the tTuslees (who are also Ihc directors of the ¢haritable company for the purposes of COTnpany law) arc rcsponsible for the preparation of the financial statements and for being satisfied that they give a tnje and fair view, and for such int¢rnal control as the trustees deleTtnin¢ is neSsary to enable the preparation of financial statements that are fre¢ from Fnatetial Inisstatement, wlieiher due lo fraud or error. ID preparing the financial statements, the Lrustees are responsible for assessing the charitable compally's abiliry to continue as a going concern. disclosing, as applicable, matters r¢lat¢d to going concern and using the going concern basis of accounting unlc55 the trustees either intcnd lo liquidate the charitable coinpany OT to cease operations, or have no realistic alteruative bul lo do so. Page 8
Report of the llldependent Auditors to the Members of Cwmbran Centre for Young People Our responsibillties for the audit of the financial statements Our objectives are to obtain reasonabl¢ assurance about whether the financial statements as a whole are frce from material misstatement, whether due to fraud or ¢rror, aT)d to issuc a Report of thc llldependent Auditors tbat includ¢s our opinion. Reasonable assuTAnce is a high levcl of Assurance. but is not a guarantcc that an audit conducted in accordance with ISAS (UK) will always detect a niaterial n]isstal¢incnt whcn it exists. Mi5Statcmcnts can arisc from fraud or error aiid are CODsidered Inaterial if, IDdividually or in tlie aggiegate, Ihcy could reasonably be expected lo influence the economic decision5 of uscrs taken on the basis of ihese financial statements. Tlic extent to which our procedures are capable of detecting irregularities, including fTaud is dclailed below.. Jdentifying and assessing potential risks related lo irregularilics ID idenlifying and assessing risks of malcrial niisslalcment irt TeSP¢Ct of irregularities including fraud and non-compliance with laws and regulations we Iiave considered the following.. la) The nature of the industry and se¢tor, control eiivironment and biisiness perfom]ance', (b) Resiilts of Ilic enqiiiries of Inanagement about their own identification 2nd lls.%essinent of the risks of irregularities. {cl Any iiiatters we liave identified haviDg obtained aiid reviewed the conipany's (d) Docuinenlation of tlieir policies and procedures relating lo.. li) identifying, ¢valuating and coniplying with laws and regulations and wlieth¢r they were aware of any inslanc¢s of non-coniplianc¢,' {ii) detecting and responding to ihe risk8 of fraud and whcthcr tliey have kiiowledge of any actrjal, suspeGl¢d or alleged fraud., {iiil Ihe inlttrnal conlj'ols e51abli5hed to Initigaie risks of fTaud or non-compliance with laws and regulations,. (iv) ilie maltcr5 discussed among ihc audit engagement team regarding how aiid whei'e fraud Inight occur iu tbc fthaucial statem¢ttts alld ally poleutial indicalors of fraud. As a result of these procedures, we considered ilie opportunities and inc¢nliv¢s that may exist witbin the organisation for fraud 2nd identified the greates¢ poteutial for fraud in the following areas.. (a) Timing of recognition of incorne (bl Foreign Curreiicy translation. (cl Value of stocks Ill con)nJon with ail audils under ISAS {UK), we are also required to perfomi specifie procedures to respond to the risk of mlllagemcnt override. We also obtained an und¢istandii)g of thc legal ai)d regulatory fram¢work5 that Il)e company operat¢s in, focusing on provisions of tliose IAWS and regulations Ihdt had a direct cffcct on the delerniination of material amounts and disclosures in tlie financial statements. The key laws and regulations we consideied in this context included UK Companies Act, einploym¢nt law, licaltli and Safety, pensions legislation and tax legislation. Ill addition, we Considered provisioiis of other laws and regulations Ihal do not liave a direct effect on the financial statemeiits bui compliance wliich Imay be fundamental to the conipany's ability to operate or to avoid a mal¢rial p¢nalty. Audit response to risks identified Our pi'oceduie5 to respond 10 risks identified included tlle following., {a) RevicwiDg Ibc flljancial statement disclogure% and testing to supportiiig documeiilatioi) to assess compliance provisions of relevant laws and rcgulations described as having a dirccl effect on the financial 51llteJnenl$', (b) Ei)quiring of nianag¢mci)t concerning actual and potelltial litigation and clain]5' Icl Performing analjtical procedurc5 to identify any unusiial or unexpected rclationships Iliat may indicate risks of malcrial Inisstalcmcnt du¢ to fiaiid; and (d) lin addressing the risk of fraud throiigli management override of controls, le5ting thc appropriateness of journal eiitrits and other ttdjuslmeDIs', assessino whetbEr the judgemei)Is made in makin8 accollnting cstimatcs are indicative of a potential bias. and evalualiiig Ihe busines5 rationale of any significant tiansaetions that are unusual or outside the norrnal course of business. We also communieat¢d rclcvant identified laws and regulatlOD5 and pottntial fraud risks to all engtLgement t¢am members and remained alert to any indication5 of fraud or non-complianc¢ with laws and regulalions throughout tbc audit. Page 9
Report of the llldependent Auditors to the Members of Cwmbran Centre for Young People No instanccs of rnat¢rial non-compliance were identified. However. the likelihood of detecting irregularities, including fraud, is limited by thc inl)eTcn( diffLcuIty in detecting irregularities, the effectiveness of the entity's COTltrols, and the nabjre, timing and extent of the audit procedures perfomied. IrregulariLies that result from fraud nght be inherently more difficult lo detect than irregularitie5 that result frorn error. As explained above, there is an iavoidable risk that l]J2terial niisststements may not be detected, even thougli the audit has been pl&nntd and perfomied in accordance with ISAS A furtliei. description of our responsibilities for (he audit of the financial stateinents is located on the Financial Reporting Council's website at www.frc.org.uklauditorsTesponsibilities. This des¢tiptioll for9 part of our Report of the Auditois, A further d¢s¢ription of OUT re5poDsibilitie5 for the audit of the finJncial slaten]ents is located Oll the Finallcial Reporting CouD¢il'5 website at www.frc.org.uklauditorsTesponsibilities. This descriplioll fonns part of our Report of the Independent Auditors. Use of Dur report This report 15 u]adc sol¢ly to the charitable compwils rnernbers, as a body. in accordance with Cbapter 3 of Part 16 of the Conipanies Aci 2006. Our at2dit woi"k bas been undeilaken so that we tnighi stale to the charitable company's mcnibeTS Lliose rn(IILers we are required lo stale to them irt an auditors, report and for no other purp05¢. To the fullest extent permitted by law, we do nol accept or a55wne respoiisibility to anyon¢ other than lh¢ charitable company and tlie cbaritable company's meinbers as a body, for our audit work, for this reporl, or for the opinions we hove fomied. Tania Cregg FCCA (Senior Siatulory Audilor) for and on behalf of Xeinadin Audit Limited Chartcred Accounlanls & Siatutory Auditors Highdale House 7 Centr¢ Court Treforest Industrial Estute Pontypridd Wiondda Cynon Taff CF37 SYR Date.. Page 10
Cwmbran Centre for YouDg People Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 3 1.3.23 Total funds Unreslricled fund Rcstricted fuiids Notes JNCOIME AND ENDOWMENTS FROM Donalions aiid Icgacies 211 11,020 11,231 16,124 Chdi'itable activities Cculre activilies 248,402 351.740 600,142 644,304 Other income 242 242 1,927 Total 248,855 362,76Q 611,615 662,355 EXPENDITURE ON Chai'itable activities Centre aciiviiies Staff ¢os15 Insurance Light, heat and water Cleaning R¢paiTS and nJaintenan¢e Printing, postsgc and stationery Tel¢phonc Travelling and expenses General activities Depreciation Accountancy fees Audit fees Professional fee5 Coinput¢r costs 13,772 191,155 3,145 16,346 2,603 9,943 214 4,867 2,693 34.902 15,753 1,200 2,684 2,314 1,580 42.855 304,199 56,627 495,354 3,145 16,346 2,603 9,943 214 4,867 2,693 34,902 27,793 1,200 2,684 2,314 1,580 82,494 503.308 3,097 11,155 766 10.761 2,424 1,776 4,209 24,151 17.280 1.200 3,516 11.137 4,097 12,040 Total 303,171 359,094 662,265 681,371 NET INCOMEI(EXPENDITURE) Ti-ansfers between fund5 154,316) 5,372 3,666 15,372) {50,6SO) {I9,0161 16 Net movement in funds (48,944} (1,7061 150,650) {19,0161 RECONCILtA TION OF FUNDS Total ndS brought fonvard 439.816 70,113 509.929 528,945 TofAL FUNDS CARIUED FORWARD 390,872 68.407 459,279 509,929 The notes fonn part of these financial statements Pagell
Cwmbran Centre for Young People Balauce Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted nd Reslricled funds Notes FIXED ASSETS Tangible assets 10 102.247 28,565 130,812 158,606 CURRENT ASSETS Debtors Cash at bank and in hand 54,239 311.912 43,701 25,053 97,940 336,965 16.948 463,111 366,151 68,754 434,905 480.119 CREDITORS Amowils falliug due witbin one year 12 (12,744) 128,912) 141,656) (79,836) NEIT CURRENT ASSETS 353,407 39,842 393,249 400,283 TOTAL ASSETS LESS CURRENT LLiBILITIES 455,654 08,407 524,061 558,889 CREDITORS Amounts falling due after more than one year 13 {64,7821 (64.782) (48,960) NET ASSETS 390,872 68,407 459,279 509,929 FUNDS UnrestTlCted fund5 Restricted lld5 16 390,872 68.407 439.816 70.113 TOTAL FUNDS 459,279 509.929 The financial statements were approved by the Board of Trustees and authorised for issue on belialf by.. I I l !i(24............... and wcrc signed ou ils ounciuor C Crick- Trustee The notes forni parl of these financial statements Page 12
Civmbran Centre for Young People Cash Floiv Statement for the Year Ended 31 March 2024 31.3.24 31.3.23 Notes Cash fl0sw5 fi'om opei4Lting aetivities Cash gcncidted froiD opeialioiis Inleiest paid (123,867) (576) 64,579 Net cash {lls¢d inl/provided by operating activities 1124,443) 64,579 Cash floiv5 from investlng actlties Purchase of iat]giblc fixed assets {147,542) Nct cash provided byllused inl investing activities (147,542) Cash tlows from financTEJ2 a¢tSvtties Loan repayments iii year (1,7631 Net cash (used in)/provided by financing activities (1,763) Change In cash and cash equlvalents In the reporting perlod Cash and cash equivalents at the beglnnlng ofthe reporting period 1126,206) (82,963) 463,171 546,134 Cash and Cash equivalents at the end of the reporting period 336,965 463,171 The notes fonn part of these financial statements Page 13
Cwmbran Centre for Young People Notes to tbe Cash Flow Statement for the Year Ended 31 March 2024 RECONCtLIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERA TING ACTlVtTtES 31.3.24 31.3.23 Net expenditure for the reporting perlod (As per the Statement of Financial ActItIes) Adjustments for: Depreciation ¢haTg¢s InteTest paid IIn¢rease)Idecrease in debtors IDccrcascllin¢rc2se in creditors 150,6501 119,056) 27,793 576 180,992) 120,5941 17,280 3,202 63,113 Nel c35h (used In)Iprovided by operations 1123,867) 64,579 ANALYSIS or CHANGES IN NET fuNDS Ai 1.4.23 Cash flow At 31.3.24 Nel ¢&sh Cash at bank and in hand 463,171 (126,2061 336,965 463,571 (126,206) 336,965 Debt Debts falling due witbin l year Debts falling due after l year (20,002) (48,960) 17,586 {15,8221 (2,416) (64,782) {68,962) 1,764 (67,1981 TotAI 394,209 {124,4421 269,767 The notes form parl of these financial statements Page 14
Cwmbrall Centre for Young People Notes to the Finanei21 Statement5 for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The fina]icial statements of the charitablc conipany, Ivhicb is a public benefit cntity under FRS 102. have been prepared iti accordance witb thc Cliarities SORP (FRS 102) 'Accounling aiid R¢porting by Charilics.. Staleiment of Rccoinjncnded Piactite applicablE to cliarities preparing tbeir accounts in accoi'dallce with the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporling Standard 102 'The Financial Reporting Siandard applicable in tbe UK and Republic of Ireland, and thc Compallies A¢1 2006. The rdnclal statenittllts havc beel) prepared under the histoi'ical cost convention. The chariLy's funGtional aiid presci)tational currency is the pound sterling (£), and balances ar2 rounded to the n¢arcsl £1. CritiLal accountlng judgement5 and key sources of cslimAtton uncertainty Estimates and judgements are continually evaluated and are based on hisioTical experience and other factors, incliiding expectations of fijwre eveilts that arc believed to bc rcasonable under the circuinstances. Tlic Charity niakes estimates and assuinplions concerning tlie futur¢. T]ie resulting ac¥ounting estiniates and assumptions will, by definition, seldom equal tl)e related aGtual result No judgement5 (apaTI from those involving e5timatesl h2v¢ been iiiade in tli¢ proccs5 of applying the above accounting policies. Income Ii)come is recogmised when Il)e clJarity has entitlement to the nds, any perfomiance conditiolis lo the item of 2n¢om¢ hav¢ be¢1) mel, it is yi'obable Ilial il)e income will be received, and the amount can be measured reliably. Donations and voluulary income are accounted for gross whcn received. Grants are recognised in full in ih¢ Stal¢menl of Financi21 Activities in the year in which they are rcc¢ivable. CAPltal grants relating lo Il)e purchase of major fixed assets are defen'ed and released over the life of tbe assets to which they relate. Grants, where entitlement is noi conditional on tli¢ delivery of a specific perfoiinan¢¢ by the charity, are recognised wben the Charity beconies unconditionally enliilcd to the grant. Incoiiie froin inv¢strnents 1$ included in the year in wliich it is receivable. Expendlture Liabilities are recognised a5 expendibJr¢ as soon as there is 2 leg81 or constructive obligation commillirtg Ihc charity to that expenditure, it is probable that a transfer of econoimic benefits will be required in settlemeiit and th¢ ainounl of Ilie obligation can be measured reliably. Cos15 of charitable aclivities include thc direct costs of rnnning the Charity, and Y4re attributed to th¢ rc5PCCtive fijnding on an acc21 basis. Liabilities are recognis¢d a5 resources expended as soon as tl)ere is a legal 01. couslrurlivc obligation CQT2unittin8 th¢ chai'ity to Il)e exp¢nditure alld is shown inclusive of any VAT. Governancc costs are the costs associated wiib tlie govemauc¢ arrangements of the ¢h8rity, which relat¢ to t]ie general running of the charity as opposed io ihc costs associated witli fundraising or ¢liaritable activities. Such costs nornially include aLidit lees, legal advice for the Manag¢rllcnt Con]mittee and costs associatcd with coJJslitutional and statutory requiremcnts. Allocatioll aDd apportionment of costs Expendittirc is accounted for on an accruals basis and has been classified under headings (hat aggregate all eosl related to tlie category. Where costs cannot bc directly attributed to particular beidiiigs they have beell allocatcd to activities on a basis consistent with the use of resources. Tangible fixed a55ets Dcprcciation is provided at the following 2JJnual rates iu ordcr to Write off each ass¢t over its estimated use1 life. Short leasehold Fixtures and fittings Motor vehicles I OD/o on cost 15G/¢ Oll Cost 250/0 on Teducing balance Page 15 continued...
Cwmbran Centre for Young People Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Tgxatlon The charity is ex¢ttJpt from corporation tax on its Cliaritable activities. Fund 2ccountlDg Unrestricted funds can be used ill accordance with the charitable objective5 at th¢ d5scretion of the trustees. Restricted fijnds can only be used for particul&T rcslricled purposes within the objects of the chaTity, Rcstrictions arise when 5pecificd by the donor or whei) fijnds are rY¢iSed foT Particular restricted purposes. Restricted funds include Ilie following'.- Counselliii Grant5 These grants related to the ongoing provision of qualified counsellors PToviding counselling in respect of issues such as anxiety, anger, low esteem and depression acTQSS schools and at the cenlre. Lotteries Thesc fijnds part of the National Lottery fiJndiDg and are specifically granlcd for the development of skills for youths. Children io N¢ed T]iese fvnd5 relat¢ lo Ihe provision of facilities lo children and young people to build on their cxislin8 skills and empower them lo create ¢hoic¢s and opporiunilies for later in life Colljmuni Fa¢ilitie Pro anune These funds Telate lo Ilie development of essential skills of young people th¢ view to them gainin8 employment. Youth Su trate These funds Telale to the development of young people to enable them to reach their fijll potential, Winter Wellbein Fund Thes¢ fijnds relate lo activities to enhance the wellbeing of young people wth emitional and mental health issues. ital Grants These funds relate to grants ¢xpend¢d on fjxed asset expenditure. The fund is Teduced each year equivalent to aTmuil d¢pr¢¢iation charge. AIEn ement Gatewa These funds relate to the provision of skills for young people to assisi gaining employi)]ent oPpornitIes. ffice of tbe Police & Crime Co These rtd$ are used to contribute (oward5 th¢ Op¢n A¢ce55 Drop In project currently by th¢ C¢nlre afer Streets These fidS are used Lo ¢r¢at¢ a dedicated outreach team ehich focus¢s on adih.essitig ASB types in the rEntr¢ alld to provide 5UPPOrt to young people io meet tl)eir indivsdual needs. Active Inclusion These fvnds are used for projccts in the local community lo help di5advanlaged pcople gei back into employin¢nt. U¢¢lls Awards These funds w¢re awarded dllring the year of the Queen's Diamond Jubile¢ to help a partnership proj¢¢t rccognising oiie organisation in cach CoTnmonweath counlry for a project wliich CElebrated young leaders they supported and worked witb Other Pro ects These frdS comprisc 5fDaller fi]ndtDg specific to projects all with the aim to dcvclop the skills of young peopl¢. Page 16 continued..
Civmbr2n Centre for Young People Note5 to the Financial Statements - continued for the Year Ended 31 Lmarch 2024 AccoifNTtNG POLICIES - eontinued Pension costs and other post-retiremenl beJJefits The cliarilable cotnpany operates a defined coiilribution pensiotl sclieme. Contributions payable to Ibe cbaritAble COTnpany'5 pe115ion scheme arc charged to the Sialcinent of Financial Activilies in Ihc Period io wliich Il)¢y rclatc. Debtors Amounts recoverable on contracts are rccognised at Ihe settlein¢Dt ainounl due aftcT any discount offcrcd. Prcpayrnents are valued at the amount prepaid net of any tradc discounts duc. Cosh at bank lo hand Cash at bank and casli iii liand includes cash and shoil Icnn Iiighly liquid inveslm¢n15 Wltli a sl)ort niimrity of three months or less from tl)e dalr of acquisitioii oi. openiDg of ihe deposit ur siniilar account. Creditol-s and provislon5 Creditors and provisions are recogni5ed wliere Il)e charity has a present obligation resulting froii) a past evcnl that will probably resiilt in Ihc transfer of fvnds to a Lhird paty and the aniount due to seitle the obligation can be measurcd or cstiinated reliably. Creditors and Provisions are nonnally recognised al their seltleTn¢nl aTnount after allowing for any tradc discounts due. Financial in$trumenls TlJ¢ chai'ity oiily has financial assets and financial liabilities of a kind that qualify as basi¢ financial instruments. Basic financial instruments are initially recogniscd at (ransaction value and subsequently ni£a5ured at their settlement value. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donatiorts 16,124 INCOME FROM CHAIUTABLE ACTMTIES 31.3.24 31.3.23 Activity Centre activities Centsr activities Gran15 Otber in¢oming resources 512.588 87,554 588,875 55,429 600,142 644,304 Grants received, iDcluded in th¢ abovc, ar¢ as follows.. 31.3.24 31.3.23 Local council and cOnDunIty grants Welsh Council foT Voluntary Action Cliildi'en In Necd Torfacn Counry Borougl) Council Other grant5 Gwctit Police Fund Capital Grant 70.499 98,448 52,501 32,575 269,278 45,561 40,315 50,197 32,075 258,227 119,532 32,255 512,588 588,875 Page 17 continued...
Cwmbran Centre for Young People Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CHARITABLE ACTlVtTIES COSTS Support costs (see note 51 Direct Costs Totals Celltre activities Staff costs Ensurance Light, heat and water Cleaning Ilepairs and maintenance Printing, POSLag¢ and staii()n¢ry Teleplione TTavelling and expens¢s Gciieral activities D¢pr¢GialioD Accountancy fccs Audit fees Professional fees Conipuler costs 56,627 482,383 3,145 16,346 2,603 9,943 214 4.867 2,693 34,902 27,793 56,627 495,354 3,145 16,346 2,603 9,943 214 4,867 2,693 34,902 27,793 1,200 2,684 2,314 1,580 12.971 1,200 2,684 2,314 1,580 641,516 20,749 662,265 SUPPORT COSTS Governance Costs Staff costs A¢¢ouniancy fees Audit fees Professional fees Computer costs 12,971 1,200 2,684 2,314 1,580 20,749 NET INCOMEI{EXPENDITURE) Nel incom¢l{expenditurel is slated after cliargingllcrediling}'. 31.3.24 31.3.23 Auditors, TemuneTalion Auditors. remuDeration for non audit work Depieciation - owned assets 2,684 1,200 27,794 3,516 1,200 17,280 Page 18 continued..
CwmbraD Centre for Young People Notes to the Financial Statements - continued ror the Year Ended 31 March 2024 TRUSTEES, REMUNERA TION AND BENEFITS There were no trnslces, remuneration or oilier b¢n¢fits for tlie year ended 31 March 2024 nor for the yeai. ended 31 March 2023. Trustees, expenses There werB no Iruslees, expenses paid for the year ended 31 Mch 2024 nor for Ihc ycaT cnded 31 March 2023. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security c05t5 Othcr pension costs 458,538 25,945 10.871 467,450 25,756 10,102 495,354 503,308 Key mana%ement personnel Key inanageinent personnel are ¢on5idcr¢d to be those personnel who are nol Irusie¢s but have key operational and stralcgic roles in the ¢haTIty. The total employnicnl costs of the key Inanagemenl personnel were £69,320 {2023 £61,328) whieh ¢onsisied of gross pay and employ¢ls uational insurarLce ai)d pellsioii ¢ontributiolls, The average Jnontl)ly nurnber of employees during tbe year was as follows.. 31.3.24 26 31.3.23 30 Employees Adn]ini5ts'aLioii alld govemance 27 31 No employtes re¢eived einoluinenls in excess of £60,000, COMPARATIVLS FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled fijnd Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 16,124 16,124 Charltable aetlvltles Celltre a¢tivilies 248,275 396,029 644,304 OLher in¢ome 1,927 1,927 Tot21 266,326 396,029 662,355 EXPENDITURE ON Charitablc a¢tlvitie5 Cenlre activities Staff costs Insuran¢c 19,243 199,564 3,097 63,251 303.744 82,494 503,308 3,097 Page 19 continued...
Civmbran Centre for Young People Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPAIL4TtVES FOR THE STATEMENT OF FtNANCIAL ACTtvtTtES - continued Unrestricted fund Restricted nds Total funds Light. heat and walcr Cleaning Repairs and maintenance Printing, postage and staLionEry Telephoiie Travelliiig and expenses General acliviti¢s Depreciation Accountancy f¢¢s Audit fees Professional fees Coinpuler costs 11,155 766 10,761 2,424 1,776 4,209 24,151 7,688 1,200 3,516 11,155 766 10,761 2,424 L,776 4,209 24.151 17,280 1.200 3,516 9,592 4,097 4,097 Total 304,784 376,587 681,371 NET INCOMEI(fi XPEN'DITURE) (38,458) 140.494 19.442 (140,494) {19,016) Transfers between funds Net movement Ill funds 102.036 (121,052) 119,0161 RECONCILIA TION OF FUNDS Totsl funds brought lorwaTd 337,780 191,165 528,945 TOTAL FUNDS CARRIED FORWARD 439,816 70,113 S09,929 10. TANGIBLE FIXED ASSETS Fixttres and fittings Short leasehold Motor vehicles Totsls COST Al l April 2023 and 31 March 2024 272.130 107,420 16,800 396,350 DEPRECIATION Ai i April 2023 CliaTg¢ for year 107,248 14,885 479 237,744 27,794 27,214 Ai 31 March 2024 142,825 107,349 15,364 265,538 NET BOOK VALUE At 31 Marcli 2024 129.305 71 1.436 130,812 Al 31 March 2023 156,519 172 1,915 158,606 Page 20 continued..
cwbraU Centre for Young People Notes to the Financial Slatetnents - continued for the Year Ended 31 March 2024 DEBTORS: AMouTrrrs FALLING DUE IVITHIN ONE YEAR 31.3.24 3l.3.23 Trade debtors PrepayJ]Icnts and accrued income 96,229 13,087 3,861 97,940 16,948 12. CREDITORS: AMOUNTS FALLIIYG DUE WITHIN ONE ITAR 31.3.24 31.3.23 Otlier loans (see note 141 Social security and other laX¢$ Accruals and deferred inconie 2.416 20,002 8,042 51,792 39,240 41,656 79,836 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE TFIAN ONE YEAR 31.3.24 31.3.23 Otber loans (see note 141 64,782 48,960 14. LOANS An analysis of the Inattirity of loans is given below.. 31.3.24 31,3.23 Amounts falling duc within one year on deiy)and: Othcr loans 2.416 20,002 Amounts falling due bettveen ttvo and five years.. Oth¢T loans - 2-5 years 12,617 33,456 A]nounts falling due iii more tknan five years.. Repayable by illstalmeiils.. Other loans more Syrs instal 52,165 15,504 Page21 continued...
Cwmbr8D Centre for Young People Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. LEASING AGREEMENTS Miniinum l¢as¢ payments under non-¢anctllable operating Ica5¢5 fall duc as follows.. 31.3.24 31.3.23 Within one year 9,191 5,448 16. MOVEMENT IN FUNDS Nel n]ovenient in funds Transfers between funds Ai 31.3.24 Ai 1.4.23 Unrestricted funds General fuiid 439,816 (54,316) 5,372 390,872 Restricted funds Counselling Grant Other Projects Capital Grant Cliildren In Need opcc Safer Street TVA YLG 17,81 2,778 7,260 (12,040) 297 4,052 671 048 (5,8001 428 14.789 7,688 28,565 8.441 7,605 671 648 40,605 8,144 3,553 70,113 3,666 15,3721 68,407 TOTAL FUNDS 509,929 (50,650) 459,279 Net movement in funds, included in the above are as follows.. Incoming resources Resources expcndcd Movement in fijnds Unresti'icled funds GeDeral nd 248,855 (303.1711 (54,3161 Restrleted funds Counsclling Grant Oiher Projects Capital Grant Cliildren En Need opcc Safer StTeel TVA YLG 230,180 24,519 1227,4021 (17,2591 (12,0401 (31,7781 (38,5791 (31,5841 (4521 2,778 7,260 (12,0401 297 4,052 671 648 32,075 42,631 32.255 1.100 362,760 (359,0941 3,666 TOTAL FUNDS 611,615 (662,2651 {50.650) Page 22 continued...
CwmbraD Centre for Young People Notes to the Financial St2tements - continued for the Year Ended 31 March 2024 16. MOVEMENT tN FUNDS- ¢orJtinued Compar2tlves for movement in funds Nel movement in funds Transfeis between nds Ai 31.3.23 At 1,4.22 Unresti'lcted funds General fund 337,780 {38,458) 140,494 439,816 Restricted fuud5 Coun5clling Grant Big Lotteries Queens Award Activg Inclusion Other Projec15 Capiial Grant Cliildren In Ne¢d A l Engagenient Gateivay Community Facilitics Prograinrne Youth Support StTat¢gy opcc Safer Street 56,452 8,205 7,900 7,106 3,816 {22,5251 (8,?05) (7,9001 {7,010) (3,682) (961 {134) 40,605 (8,254) 7.978 (16,7561 40,605 8,144 42,170 (25,772) (7,9781 {13,1701 (35,590) 29,926 35,590 3,553 8,662 3,553 {8,662) 191,165 19,442 (140,494) 70,113 TOTAL FUNDS 528,94S 119,016) 509,929 Cotnparative nel mov¢ment ill ]IdS, iii¢ludcd ID the above are as follows.. Incoming resources Resoiir¢es expended Movement in funds Unrestricted funds General fijnd 266,326 (304,784) (38,458) Restricted fund5 Couzisclliiig Grant Aclive Incliigion Other Projects Capital Grant Childrets Iii Need Al Eng&gement Gateway Cotnn)unily Facilities Prooramme opcc Safer Sir¢¢t 221.S76 (237,692) 1961 (11,868) (9,592) (40,8291 (16,1161 1961 (134) 40,605 18,254) 7,978 116,7561 3,553 8,662 11,734 50.197 32,575 7,978 (16,756) {36,762) (22,992) 40,315 31,654 396,029 {376,587) 19,442 TOTAL FUNDS 662,355 1681,371) 119,016) Page 23 continued...
CwmbraD Centre for YouDg People Notes to the Financial Statements - continued for the Year Ended 31 March 2024 RELA TED PARTY DISCLOSURES The cbaritablc coinpany is in receipt of grints from Torf2¢n County Borough Couneil and other local cosnmunity councils, who have Councillors who 51t OD the board of tsustees. They are, however not enlitled to any spccial PTivilcgcs as a result of thcse Counciillors boldiug office as Lrnstees. Page 24
Cwmbran Centre for Youno People Det2iled Statement of Financi81 Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOMI E AND ENDOWMENTS Donations and l¢ga¢le5 Donations 16,124 Charitable activitle5 Graii15 Otlicr incoining resources 512,588 87,554 588,875 55,429 600,142 644,304 Olhei. income Room hir¢ 242 1,927 Total incoming resources 611,615 662,355 EXPEI NDJTURE Chai'itable actlvitles Wages Social security Pensions IDsurance Liglit and l)eal T¢l¢phone Postage and stationery Cleaniiig and caretaking Repairs and n)aint¢hance Celllre activities Travelling and expenses Depi'¢ciation of tangible fixed assets Loan 445,567 25.945 10.871 3,145 16,346 2,443 2,638 4,733 7,813 90.953 2,693 27,793 576 451,884 25,756 10,102 3.097 1.776 2,424 1,052 117,120 4,209 17.280 641,516 645,855 Support costs Governance costs Wages Auditors, remuneration Audi(ors' rcmuncralion for noji iudit woi'k Professional fees Computcr costs 12.971 2,684 1,200 2.314 1,580 15.566 3.516 1,200 4,097 20,749 35,516 Total resouTces expended 662,265 681,371 Not expenditure (50,650) 119,0161 This page does not fonn parl of the statutory financial statements Page 25