REGISTERED coflPAIYY NUMBER: 05163501 (England 8Dd Wales) REGISTERED CHARITY NUVJBER: 1110726 Report ol the Truste¢5 and Finantlal Statements for the Yesr Ended JI MAr¢h 2025 Cwmbran C.enlre ltsr YOYDE People Xeinadin Audti Limid Chartered Accountants & Ststutory Auditors Su?le 2d Building l Eamem Business Pa Si Mellon$ Cardiff South Glamorgan CF3 SEA
c.bran Centre for Young People Content5 of the FlnanclAI Statements for the Year Ended 31 Trlarch 2025 Page Report ofthe Trustees Report Df tht Independent Audltors 7 10 10 Slalement of FlnaJ)cial Actlvffities Bglnnce Sheet Flow Statement 13 Notts to the Co$b FIOJT StAtement 14 Notes to the FlngncIAI Statements 15 to 23 Det*lled Statement of Flnincljl Activitles 24
Cwmbran Centre for Young People Report of the Trustees for the Year Ended 31 March 2025 The trustees who are also diTcclors of the eharity for Ihe purpos¢s of the CDmpanie& Act 2006, presenl their repon wilh ihe fjrtancial $tslcmcnts of tht chllrity for lh¢ ¢#del 31 MarLh ?n25. The iru3rcc% hyi'c athTrpitd the Prol.ltt5 1)f Acc4)uniing ttnd RepDTlinJi by Chariiics: Sitem£nl ul Recon]end¢d PractlLe applicabl¢ 10 chariti¢s pieprring their accounig in accordance with tiic Finan¢iol Reponi]]s Standatd applicable in th¢ UK 2nd Republic of Ireland {fRS 102) {effe¢tiv¢ l January 20191, OBJECTIVES ANJ) ACTIVITIES Oblecllves ftnd alms C.wmbi&n C.enire for Yoiing Peoplc is a volunrary drop in ecntre for voung ptopl¢. Tlie compan$ obj¢cts and principal actil[leS 8r¢ io., 'Educatc yOUJ)8 peuple 80 to d¢velop ihciT physical, i¢nIal, bocial and spiriNRI wclfarc tapacilies rhat th¢y grow to full malurjty as individuals and mernbers of socielv and ihal their condiliolls vfiife tnay be irnprnvEd" "To provide young peoplc wiib Ihe 5UPPOrt and 8SSiStan¢e they need to achieve their goals. In thtthcrance orihe abov¢.' Esiablish a Youth C.¢nlr¢ and to 111gJia8e and mainiain IT ColloboTai¢ 2nd coPerate witli local Tegulalory bodies Raise tUDd5 bv tan$ of subscriptions. don3tii)ns, ¥ranrs and ally Othw Iuwful ine8Js ll)cluding7 g range of soeial enierprise Do all such other lawfvl IhinKS whTth are neccssary for the altainiL¢ni of thE ob)#clives. The n3ain obj&ciives and aciiviti¢s for the year were.. To increase ihe rangie 2nd quality of scrvicey for young p¢vplc 'ro in¢Teasc the Centre'% age ro raise fundin¥ iu mak.e chanb?es to Ihc C¢'nlre's building TLI iinprove ih¢ in)a8e of lh¢ Centre Ihroughoul the loctsl convlliiniP)' To involvt and eoiisuli yDun¥ people in all asp¢ci.% of the cenirc lo he 8wr&TL of 1¢ healih ¥md welfare of all 5toff 8nd young peopl¢ usin¥ the CenlTe To a¢hii'v¢ 1¢> objtLtive8, the C¢nlre has fouT main proj¢LI ar¢as'. Administration and finance Training Supp4)rt Lnd guidanc SocTal Ent¥rpris¢ The Cen¥ also has as onc of li rnain objecliv¢s to deliver i range of so¢i01 enleJFrises tIiTough each ofilièse projecl areas. EaLh leani has ILS uwn objeciives which link inio Ihe C¢nlre's aims and obj¢¢tiY¢$, whi¥h 4re reviewcd on a regulai b8$is when pr(>graIne5 of lletivi, llrtd targcts ar¢ sct. The main oclivilieb which Ihe centre piovid¢s Io aLhiev¢ th¢se objecliv¢s are listed und¢r1h¢ following aLlii¢v¢ment and p¢rfornian¢e section. Publlc beneilt Til¢ Inislecs ho¢ T¢ViLlh'ed ihc guidance Pilblished by th¢ Charity CollJJni$sion with regards ro piiblic benelil. The! ar¢ $biisfied ihot the cliarity ro¢clb Ili¢ Iwo key priii¢ipl¢s of publie benefii in ihal.. l) The Éhat:ry pios?d¢> idrnlifiat*le beoefii in its ke). Jim lo pro¥ide, mDlnlairt. iinprovo Jdi'Jnre ll¢all0 lo vvunF peoplL. IQ devclop iheir physÉcal, men131, social 8nd spintunl iirelltirc capacities Ihiil Ihe)w n)ay grgw t() full miiiurity a5 individuJla 2nd mLmbLf5 of society 2nd that Ibeir Conditions of life niay be improved. 21 This benefit ig illadc available to the gaieral public. Page I
Ci? mbran Centre for Young People Report of the Trustees for the Year Ended 3J Trlarch 2025 STRATECIC REPORT AchievemtJls and perforn]ance Chirltable act5vities 2024 2025 hus seen a continuation in Ihe number of significant development8 in th¢ centre's progress. Trai12 Training included NVQIQCF, Traineeships, essential skills and Apprenticeships in ar¢25 such a$ youth work, employabiliry an bwine$i •dminislrAtson. The projtti w i'ery S(CefUi. #nd ai ihere has been M hixh d¥irond for NVQIQCF qualtfications Ind uih¢T tr4ininB Ihji th¢ prujttl hB4 10 orrti. w¢ h•ve been fornm•ie 10 continye irnining >Y)uni people In NV(>'QCF in Yi)uih Work
nd BLL%iticss AdminisTraffion. Entylolhty Skn115. Hrjlib aDd SDci21 ¢t and Probryt%sioD A nurrthr of Ltre 8r¢ Irjilled 1$
•Ssessor4 VerLf>c und bas)¥ Jkjll ful0f¥ fow N%-'Q,.'QCF and w¢ CUnlinuJn£ *iih IhtS PToeeJi. W¥ TeKiyieYed wjih Ciiy •nd Guilds to delivet and a8£ess you7yg peopl¢ in Busin¢$5 AdMilStrAtIOD. F.sseniial 5kill4 Ileattb, So¢ibl ¢Are and A8L •vAnling bodi¢s ro deliver Yauth Work and Employability Ski115 Progression.The Centre is rebnster¢d os 8 sub-¢onlTacior to B-WBL consoTtium for the appreniiceship Lonlratts and ACT training for the new JGW progranunc 10 deliver work-based iraiT)ing coillracls. We hav¢ d¢liveT¢d trainin8 for a rdnge of agcnci25 including Schools, CDmmunily policc> pupil ref¢rr&l units, oih¢r work-based agencies, youth offending ieam$ And other voluntary organisaliony, Torfaen Young People's CoMDselllng Serrf¢e Our Counselling S¢rvi¢¢ began in September 2(M)5 wich on¥ Luvnsellor workn'rt8 on a Thurbdiy evening,. now we have a tT of 14 eouns¢llors offering At least two days a weck irt eacli secondary s¢hool, providing ¢ounselling ucross Primary s¢bools, and off¢rin8 $e8SiLins Jl Cwmbran Crntre for Yvunb7 Peoplc foT Ihose who would like io b¢ seen after School. The age ran8E ihai we wgrk wtih Is from 7 10 19 ytors old. We continue lo rec¢ive vverwhelmiD8ly positiv¢ feedback from Ihv young p¢oplc. rnosl of whom refer th¢mselves directly for counselling, and demand for the seNi¢¢ eoniinues io grow. Y()ung Ptople come io sec y counsellor fDT many different reasons, wth the most freqvently 0¢cu]ng being.. ?nxicty. anger, family issues, low esteem, depTe$sion, bereavement and bulljryng. W¢ can be contacted via our Facebook Page. our confidential answcT phone scrviee, Inbtsgram or viu email. OUT ain) is to be as accessibl¢ as pussible 10 the yourtg p¢ople of Torfaen who might ben¢fit frvm havin8 ¢ounsellins. With addiiional fvnds from WG we have abl¢ io utfeT more d3ys in boih Primary 2nd Se¢ondory schoo14. The scrvi¢¢ olso offer¢d CQDsultoiive %up¢rviyion ses5iOI)s for school staff in Torfa¢u Youth Attlvldes- Includ¢ the follfjwlng.. The C.entre will conlinue to 5UPPUrt and provides a friendly and saf¢ environment for youn8 peopl¢. These drop-in session$ provided uth thivi17es gnd Fupwrt from trained starr when required ill s¢verai differeiit are85 6uch as Irainin& homelessJ]e5s, relationship issues. dru8s and alcohol issues and oihtrs in relation io the young person's n¢¢ds. The C¢lllr¢ will Lontinue Io PTovid¢ s¢veral diff¢r¢DI youih aciivi(ies for a T¥nge of ag¢s during Ihe financial year. Th¢ ociivilies will include going to diff¢rent venues iftcluding locol swimming pools, tr)mpoline PBrk ete. In the centrt w¢ have had s¢veral thern¢d nixhis and day5 wbich includtd Hdlloween pthirs, V¢nifc PTOM, band nights. qutz ftights, games nights and also cbarily events io raise money for Coniic Rclief, Children In Neeé Bnd Macmllllan. Volunte¢rs have been an inlegral p8rt Dr ihe youth AClivitie$ provided for Ihc yuung p¢opl¢ and the centre has been Jble li) providc opportlinities for them to grow &% individuals and learn and d¢velop ih¢ir individual skills. Bullding Ivork The Ceutre securcd nding from the WCV A Community A5%¢t Development ProgramTre to colnplete major renovation work to repla¢¢ its n)ain kitchLn attd toilcls. This a150 included tbc creation of a neu, universal toil¢l. QuAllty Mark in Youth Work The ¢¢ntre was the firsl youtb OT8anisalion in Wolts to a¢hievc the c1Ys qualily mark in Youth Work. The ¢entT¢ &lso plans to continue. to involv¢ volunl¢eTS mnre in the activiiics of the tentrc. The Welsh A55¢rnbly GovcTn]ncnl tnlroduccd a quality mark for youth wo. This had thite levels.. Bronze, Sil%'¢r fyn4 Gol& The Centre wlls sel¢¢¢ed io ptsrt ill th¢ pilot ftsr the bronze ow¥r(l was one of thc first Ilir¢e youth organi%arion$ to a¢hi¢v¢ thc bronz¢ award. The C¢ntTe also acbieved the Silvei and Gold award. Rec¢ntly the ¢¢ntre re-achieved the broDz¢ quality m3Tk. FinAncial yee Fin$fi¢lal positi We have a d¢fJcil for the year in unr¢slricted fullds of £45,003 aT)d a defJeit r¢slricied fvnds of £11,543. Unresvictrd resery¢s carried forward at the year end arnounted to £345.869 of which £35,590 was designated, while restricted reserves after trJnsfers carried fDn¥ard amounted 10 £56,864. Page 2
Cii'mbraJ] Centre foT Young P¢ople R¢port of the Trustees for the Year Ended 31 March 2095 STRA TEGIC REPORT Fin9Trclal reely Principal fundiMg stsurces The prii)cipal fvndin¥ 50ufLes tor rli¢ chanly ar¢ Currently by V¢Jy of grant alld LOfttra¢l incoiiie from our Core fundcrs. Our mail) cor¢ funder ib Ci4ryJibr.In Communily Council. wilh C.iues)?ceiliog and Llanyrafon C.onmiunitv Coujicil and Turfaen CoiiDly Bornugh Council being t7ur other core funders. Ini'estment pollcy #fjd objectli'es The Mai)agemcni Comrniiiee have tile power ¢0 irivest in such ass¢ls as thcy s¢e fit, monies Jjot immedial¢ly riquired for th¢ furtherance of its objccts. Reserves poliey Th¢ rcbcrvts are nLeded lo mtEI ihe workino eapiial Teq11iremenls of the charity, Thv Managernenl Con]rnillEe have CSlablish¢d a PClicv wherebv Ihe unresrrictcd funds not coiiuiiitied ot invested in tangible fixcd gss¢ls held by the chariry shoiil(I be ilie ¢quival¢nt 10 Ihrtre rnonths tunning ¢0sts, which based on the accounts for Ihc vLut ¢nded 31 March 2025, equ4ies io appTOXiTnately £17CI,000. ThL unresirictcd rcbtrves of Ihc ch&rily (ex¥ludin8 iangible fixed assels and desigiitti¢d Ajnds) &$ JI 31 Nlarch 2025 aniouniLO Io £212,420.Th¢ M8tta¥emeni Loinmitl¢e are Iheretorc 521isfied with the l¢vel of resetveb held at present. Tr"In?nclal And rlsk minagemeni objectiv¢s ènd poSlcl¢$ The Centrc has Conducted 8 revie. of th¢ major risk5 10 which The ¢hority is exposed. A risk fil¢ is kpt and ypdJl¢d on an ongoillg basis. IVh¢r¢ oppropriale, syslenis or pruLcdures h)ve becn ¢stablislied lo miligate Ihe risks tlie charily faces. FToc¢dur¥s are in pl)Lc to ensure eoriipliancc wilh health safe ol. s18ff, voluntecTS, clienis god vi%ilors t(> the centre. The cenire is conirnill¢d lo ihe Principles of Lnvesiors in Peopl¢ ha'ing completed somc VEry 8u¢ce$stul inspections. Future plans li lia$ btcii ¥ tup priority projcet 011 th¢ r()ntinucd development ol- social ¢ntCTpriies which iioi only develop skills employobiliry skilli Ivith th¢ p¢opk bui i¥ •lso # weniijl wurre vf in¢om¢ by hleving contrJ¢ts Mn£l ¥rdnts- The Cèntr¢ is in the process of e%ttsblishing a LOTnmunirs fe prDject Dnd an inkrgeneralional skn115 shgro project. Tli¥ charity pla iu ¢oniinue ihe oclivillcs uuilined above in iliL lortlicoming yegrb subject ¢0 salisfaLiOry (undin8 arran¥¢Jnenis. In Hddilion, li ha$ ¢onliDILed 10 d¢vel(Jp its Inforn])rion Support and tiuidunec includins seiiin8 up unJ ¢.4lablishing effeLti%¢ link% witb ComTnuDlti&4 for o¢tion. The ¢l?anry iy with telev1 bDJie¥ to deliv¢1 mDd is¥ess b£sentsJl Skill.% and NV(yJ In BtsSInS Adniin, YouTh Work, Ernploykbiliry pnd H¢alil) &, Social C'dTe. It has irnined 2 staff w¢rifier5 and 4 as tssse4&ors. Thi5 ¢ttables US io fijifil our fraining ¢onlracls.Trie Centrc ifvill trdin I mnrc v¥rifi¢r and 2 Inor¢ a55c&%orli in lh¢ y¢ar lo corne in order to build the capi¢iry required to incre¥se its Welsh Govcrnmenl training ¢OT)tr#cL¢. A ll¢W Iraining room in rhe upsiairs urca hay b¢en creaied as vlCe %PJie and addiliondl couniclliny facililies iv¢II 35 contrucls and the Centre now ensure.s Ibis aT¢ll 1% ]lY Iiiilise(I io generate more incnme and PToviil¢ services. A n¢w hIne*s plan h¥$ been coiiiplel¥d. Thi¥ ouilincs huw Ihe Cenirc Th'ill l(iok lo build on subcontrac15 to dcliver the We15h Oovurnn)¢nl Appr¥nlTc¢ship ProBranimc and Ji)b Gro1 W81es 4 prugian)me. Tile Entrance porch and a mor¥ effieieiii healing 5y51em for the m11 in hall will also bc a prii)rity. STRUCTURb, GORATrIcE AND ,IfANACITr.MET¥T Governlng dorumenl Thc IJ J charitablt ¢vinpuny Ilmsled by ttr¥n ltscorporaird ?5 Jun¢ 2004 r¢bpisltrtd lls a ¥hariiy 4 Auguji 2Q05. The company wa8 esiablislicd under a MemoTandum of .48.qociation which eslablishcd ihc ubject5 and powers Df Ilie chJrii#ble conipany and is governed under Its ArtiLle¥ of Associaiion. In the el'cnt of the ¥ompony being wuund up nienibcr5 are required lo oninbute 911 amount nol ¢xceediii8 £1 O lo Ihe charl$ assei.%. RecruStnKnt and 4ppoinlmL'nt of new trustees lthe fvlaiiagcnienl Cominitte¢ will eleit from i¥ithin themselves the number of tnistee5, which ¥hllll bc not less IhJn thr¢e bul is noi subject to •ny muximum. The ch3riiv's work fotuseb upon youn8 PEople,' IhcTcfoie, the Managcmcnl Conllnittc¢ 5c¢k5 to ensure 1112t the ne¢iJs Qltliis gTOUP ar¢ approprialely Tettc¢led Ihrough thc ijiversity of the trusleg body. Page 3
Cwmbran Celltre for I'oung People Report of the Trustees for the Year EDded 31 Mirch 2025 STRUCTURE, GOVERf*ANCE AND fvIANAGEMENT OrgAnisational struethre CwThhran CenlTe for Young People has * M4na8¢nJ¢ni Commilt¢e of noi l¢>$ Ih#n three Inert¢15 who etrery hvo month% aDd ar¥ r¢sponsible for the 5ITaiegic di¢t10n atkd policy of th¢ Fh41rily. Al pr¢1 the Commiltec hes nine In¢mbS from a vari¢ty of prof¢ssiona] backgtounds relevant to the WOTk of Ihe ch2riry. A scheme of delegation is in place and day io day re5poTrsibility lor the provision of the 5crviccs rest wth ihe Cenire Manager along ith the FIante and Adrninisiraiion Mang8eT. The Centr¢ Manager is respoD5ible for ensuring thal the chariiy delii'ers Ihe servi¢¢s speeificd and that k¢y performancc indicoiors arc met. The Centre M)nager has r¢sponsibil?ty for the day to day operational rnllnagemenl of the Cenlio individual sup¢Th75ion of Ihe staff¢eam and also en5urix)8 that the teani coniinue to deN'¢lop their skills 2nd working practices in line with good praeticc. Induetlon tralniThg of new Irustees Most trusl¢¢s ar¢ already fan)iliBI with th¢ prn¢lical work of Ihg charity having worked on Ihe C.enlr¢ Management Comrnillce. N¢w trusites ar¢ ini'ited lo attend a series of shori truilling scssions lo fiMnili3ri5e Ihemselves with th¢ charity and the coutext within hich it opeTal¢s. Thes¢ are organiscd by th¢ Ccntre Maii&ger and the Traiiiing Manag¢r and tovcr.. . The obligations of Man3gcmenl Cot]unitiee metllbers. - The inain dvcumonrs which.%el out the op¢r8tion81 framework for the chaTity including the Memorandum 8nd Am'¢les. Resource5 and ihe currcnl finaneiol p05ilion as s¢t out in the latest publish¢d accounts. Fuiure plans and tsbjettiv¢s. Relalfd parlles Thc Cenlre follows nalionol and local policy re88rdin8 yOUti8 people, The Centre has close links with Tvrfaen Volunlary Allian¢¢ tsnd th¢ Cenlre has lirjks thryth other a¥cncie% working Wlth youn8 people wih sttsff bein¥ members of a nurnber of loc?] partnerships. lThe Centre also affiliate5 tu ihe Wal¢$ Council for Voluntary Actioll, Boy5 and Girls Cliibs ol Wales, and the Council fvT Wale¥ Voluntary Youth S¢rviee. These links IidV¢ proved invaluable to the ¢hariry in &$iublislJin8 imprnved littks within the community and Identifn8 rcleTr'ant poli¢y developrnenis and pTospe¢iive nding. Page 4
Cwmbran Centre for Young People Report of the Trustees for the Year Ended 31 March 2025 REFERLNCE AND ADMINISTRAI'IVE DETAILS 05163$01 te 1110726 aldT Rodd CwmbT8n 1"orfaen NP44 IQS Stuart Ashley Kebba Nlanneh NigLI DaLs (Vice C.hairnianl Rhiartnun Bcnneil (ChaiThYoii)aii) Colin Crick Julilln Dai¢nne StssJn Mor¥an Leai)ne Llnyd-Tolnifin Ri¢hard c.lark Stan WTranon r¢si¥ned 03.07.24 appoinied 03 07,24 aproinlcd 03.07.24 uppoini¢d 03.07.24 llppoinrcd (J3.Q7.24 appoint¢d 16.12 74 appoinied 16.12.24 XcirAadin Avdii Limited Chaner¢d AccounlJrtl & SiaNtory AudiioTS Suile 2d Building l Eastern Bu%in¢bS Par St Mellviig dTdiff Soulh Olumorgan CF3 SEA STATEMENT Ob. TRUSTEES, RESPONSIBILI'I'IES Thc tTU51eea {M,Iio arc also Ihe direciors of c.Mbra[7 C¢nlrc for Young People for th¢ purposes of ¢¢mpany law) llre r¢sponslble for prcparing the Repon of ihc'l'rnstees dnd Ihe finuncial biatemenrs in acioTdunLe wi¢l) npplicabl¢ law and Unitid Kingdom Aecounlin¥ Si&ndaFds (United Kingdotn Gener811y Accepted Accounling Pr&ciic¢). Compthny law lh¢ In¢& Ig prtp¥c finan¢ial sthn1115 tgr cKh fmunLi)l y¢ir UtMleT ihat IAW. IlJ¢ have eleer¢d io prcpare th¢ financial statements in ac¢ordan¢e wilh Uniied Kingdom Gvn¢r4111v Accepl¢d Acrounlin8 Practic¢ (Uniied Kingdo]n A¢countsi)g StJndJirds nnd applicJble luwl. UxJd¢r CVmPttEly the Inule¢ •hiiA noi thc financilll slnTernenlS milesy ihry 4re Iihlixfied tisthl t1, Iw• i Iwe (Dir View of Ihe state of affaTlS of the £hnriiable compan), and of thc incoming resources and upplicaiion of TcsourL¢b, including th¢ income and xpendilure. of the charitable company for Lhai period. In prep3fiD¥ those financial stalern¢iils. Ihe Irusiec& arc rc4uired to sele¢1 wiiable ac¥ounting policics and then apply Ih¢m con5i5tently, obscTVL the illcihods and principles ih the Charities SORP,. mak¢ JydBemehiJ ond es1nrI& rhat ru%i)nDble and ststt theilier ipplicablL LrouniJn8 Jind)ids hllvE beots follvw¢d, ¥ubJ'e¢t io any nteti41 d¢p•rnires thKlos¢d ¢xpL¥kaed In Ibe financial blateents.' Ppare the findncial st)temcnls on the going coneern blS UDkss il is inappropriatc lo presume that thc cli8ritabl¢ conJpany C4Jnlinue in busine The tNsiets are Te5ptsnsible for keeping proper a¢¢ountiTJg record) which disLlose ii'iih ie8oonable acciiracy at any tirnc the financial po¥ition of the ¢haritable company and to en)bl¢ Ihem to En5UTe that tlic fin4ncial 51alemcnls coniply lih the Colpani$ Aei 2006. They ore also IG%poniible for safeguirding the asset5 of the charitable compan> 2nd l)encc foT faking reasoJ13bl¢ bteps for Ilie pr¢venlioii and detection of fraLid and oihEr irregulaiili¢%.
Civjnbran Centre for Young People Report of the Trustees for the Year Endtd 31 March 2025 STATEMENT OF TRUSTEES, RESPONSIBIUTIES- Lontinu¢d so far a5 the Irus(ces are aware., theic is no relevant audil informaiion of iijhich th¥ bharitabl¢ ¢omp3ny's audirof5 are ndware., and the Irusle¢s have tuken all slepb thai rhcy oughi lo have taken lo make Ihymselves èwaye of any relevanl audit iDfvT]T)ation tsnd to establish that th¢ auditors are aware of that infom]ation. AUDITuR.S The aditorl. Xtimdm A11 Limltcd, wlt I Ix pmpofr¢d ftht Yeth•PPDintmel ai ihe forthc4)rninbv Arffjl G¢n¢r41 Me¢tin¥. Repon of tht ¢n151¢¢B, incorporaling tt itrAie8ic irport. 4yrov¢d by order of the knrd of mthltta. ihe <ornpany dir¢ctors. On and si¥n¥d th¢ board's b¢hf by.. Ms L Uoyd- . 'rrum¢¢ Page 6
Report of the Independent Auditors to the Menibers of Cwmbran Centre lor Y•llng People Opinion We have oudiled the financial ststcments of Cwmbran Ceniie for Y()unb People (Ihc '¢hari(able company'l for the ycar ended 31 Matth 2025 which compris¢ thc Staiemenl of Financial Aclivilics, th¢ Balance Sh¢¢t, the Cash Flow Stat¢ent and notes to the rinancial statements, Including a summary of significant accounling policies. The financial reporting frumeivork th31 has been 4pplied in their preparation is applicable law attd United Kingdorn Accounting St4ndards {United Kingdotn GeD¢ra51y Acccpled Actoun¢ing Proclice). In our opinion th¢ financial st.Itemenl.%'. give a trn¢ and f#ir view of th¢ ststt ol the charitable compJnys affairs ds a131 M8rch 2025 JT)d of ils IDcDniinB T¢sour¢es and application of resources, ineluding ils inconie arLd expenditure. for the ycar thcn ellded. have b¢en properly prepared in acctrrdancc with United Kingdorn Generally Accepted Accounting Pracii¢e'. and bove been prepared in accordance with the rcquiretnenis of th¢ Companies Act 2006. B$ls f(br oplnlon We conducted our audit in aGcurdance witb llllemalional Sianil?rds on Auditing (UK) IISAS (UK)) and applicable law. Our respon.$ibililies under those standard5 Ère furthcT Oescribtd in Ihe Auditurs, responsibilitie5 for the audit of the fjnancial slalcrnents secfion of our report. Wc ar¢ independ¢ ot the charitabl¢ company in JccordAnc¢ wsth the ethi¢al r¢quiTeTDents that ar¢ relevant I(b OUT uudil of the finapciul staiemen15 in Ihe UK, includiDg Ihe FRC'S Ethical Standard, and w¢ have fiJlfilled OUT Other ethical resportÈibilEli¢s in fr)c¢ordance with lhc.ie r¢quiFements. We believe that the audit evidence wc hav¢ obtained li 8uffJcicnt and ?ppropriate lo providc x basis for OUT opinion. Concluslons rellrfng to golng concer auditing the financial biatemenls, we have ¢oncluded that the tNstecs' usc of Ihe yoin8 con¢¢Tn basis of &CLounting in th¢ prrparation of the finan¢i21 $tatemenr$ is 8ppropriate. Bas¢d on the work .¢ have perlornied, w¢ have noi ideniifi¢d any rnalerial uJc¢t1ainlie$ relating lo eveni$ or condiiions that, individually or ¢vlleclively. n)4y casl significant doubi on the eknrilabl¢ company's &bilily lo continue as B going ¢oncern foT a period of ai l¢asl twelve months from when the linancial sl4i¢ments are authorised for issue. Our r¢sponsibilities the responsibilities of rhe rNst¢es with respc¢r to going conceni ore described in ilic r¢lev8nl sections of this report. Oiher Informatlon The Irusices are resportsibl¢ for the other infoNnaiion. The other infonnation comprijes Ihe infomiation inclU¢d in thc Anrtual R¢port, other than ih¢ fingncial Malem¢nl$ and our Reporf of the Independ¢ni Auditrfvrs Ihereon. Our opinion on Ihc financial slalenKnts Iloes noi cover the oihcr infomiation Und, except io ihe exlcfti oiheTwise explicitly stai¢d in OUT r¢pD¢ we do not cxpr¢ss &ny forn] of assurance ton¢lusio thereon. In conneclion witli our audit of ihe fmin¢ial slacemenis, our responsibility is 10 read ihe uihtr ij)fornialiun ond, in doin8 SL), ¢onsidcr whdher th¢ other iAfom]RuoJJ 1$ miltAally uicon%isi¢ni with the fin4nLi&I lI¢M¢ts OT knowledie ubihintd in the •udil or oih¢rwi5e &ppcaT% 10 be InGtcrially misstELted. If wc idcnlify such material inconsistencies or aPPJTent Inaicrial misslaiements, wc Arc required to detcmine wheili¢r ihi.I giv&i rise to a material missrat¢meni in thE finaiicial ytst¢menls ih¢rn8¢1v¢s. If, based 011 the work wc hiLve perfomied, the ¢oncludc thal Ihere is a material misstatetneni of this olh¢T infomation, we are required io repori Ihai fa¥L We have nothin8 lo report in thi$ r¢rd. OplnliJt)$ (Jn oiher mitter$ pre5crlbed by the CompiTrles Ad ZOOO In our opinii>n, bdged on the work undertaken in ih¢ Course of the audii.. the iDforni?tion given in the Report of Ihc TTusle¢8 for tb¢ fiDanGial year tor whi¢b the finan¢ial ststen)ents Ore prepaied 1$ nsi$lent with the finlncial slal¢menlS', and the Report of the Trustees has been prepsrcd in a¢eoTdan¢¢ with applicable legal requirements. latteTS on whlrh w¢ are rtqulr¢d to report by eJceptlon In the light of the knowlcdge and undersrandirkg of the charitable eompany and its enviTonmtnr obi)incd in the coursc of Ihe audit, we have Jot id¢nlified nJal¢ri41 rniS$iatements ill Ihe Report of the Trust¢es. We hav¢ noihing to report in r¢spec¢ of th¢ following maM¢r5 where rh¢ Compan1¢$ Act 2006 require5 US to report to you if, in our L)pinion'. dequaic accountin8 records have no¢ been kcpt or reNrns adequalE for our audit have not been reteived from branches not visited by us. OT Ihe finkncial staiemenl$ tsre noi in ayeerneni wilh the accountittg record¥ and retUrn6', or certain disclosure5 of InJst¢¢s' rcrnunErntion 5p¢cified b}, law 2r¢ not made- Dr we have IlDr received all the infonna¢ion explanation5 we require for our audiL Page 7
Report of the IndepeDdent Auditors to the Members of Cwrabrall Centre for Young People Respon$ibllltl¢s oftrustees As cxplained nior¢ fully in the Staleinet)t of Trustees, R¢sponsibili11¢s, the Irustees (who aTe also the director5 of Ihe charitable COIIIP8Try for the purposes 0[prtY I&") ar¢ r¢5ponsible for the prepArnUQn of the finoneyjl styi¢mtuts and for tisfi¢d that th¢y give a tnje and flir vieiv, and for Such internal control as ibe trusl¢¢s detennine is nece55ary to enable lh¢ preparation or financial stalerncnts that are free from mgterial Iiiisstat¢ment. whether due to fraud DT etTQr. In pr¢p4rinB the fin•neial sii¢nftty, lh¢ ate T¢¥ponsJknl¢ for w5¢S*n8 the cknriiable ¢vmp•ns'5 xbilEty io ¢oniinve as 1 80ini concern, disclosing. 85 applic&bl¢, mailer5 related to going concern and using thc going concern basis of accounlin8 unl¢ss the trusrees either itltend to liquidat¢ the charitable compHny or lo cease op¢r2tions, OT have no Teajislic aliernativ¢ but lo do so. Page g
Report of tbe Indep¢Ddent Auditon to the Members or CThmbran Centre for Young Pcopl¢ OT respoDsibilitits lor the audit of the fRDancial 5taiemenls (IL2r objcclii'¢s ale In tsbiain reasonable assurance about whether the fmancial statem11$ as a whole are free from material J7Jis&iat¢thcnl. wh¢thcr due to fraud or error, and Èo issue ? Reporf of the Indcpendent Auditors that includes OUT opinion. Reasonabl¢ assurance Is a hiBh l¢vel Df assurance, but 15 nol ¥ guaTarJiee that an ?udil conducted in accurdance Miirh ISAS IUKI will always detect a material missiatcment w,hcn it CX15ts. Misstoiemenls ¢8n arise from froud or error and arc considered materigl if. individually or sn the awegate, they could reasonAbly be expe¢i¢d tQ IDtluence the ecoiioJDiC decisions of iisers lakeD on the basis of these financial slatemenls. The extenl to which our procedures are Capable of dete¢ling 1cgUI8T1t7¢s, including frjud 15 delailed below.. In identifying and aiKssiiig risks of material missratcrnenl in respect of iTT¢gulorities including hud and non-compliance wilh laws and regulations Vb'¢ hai'e considercd the following.. The xature of th¢ industry 4Lnd sector. control environment and business perftsrniance including ihc ¢Lirnpany's pcrfomTrwr lar8cls and lenders for new ¢ontr8ct5', Resulis of the enqiiiTTes ofTn#na8einent about their own Idcntificaiion ind assessment of the risks of Irr¢1]aritie3. Any matters we have idetjiified haviT)g obtained atsd reviewed the ¢ompany& doturncntation of th¢ir poIILies and procedures relating to". identifying, cvalua(ing and complyin8 Wlih luws and regulations and wheiher they wer¢ awire of any insiattces of noncomplitsn¢¢'. detecting and resportding to the riJks of fraud and whether thcy have knowledLTe of 8ny aciual, suspected or allcgcd fraud, the intrnul controls established 10 mitigate risks of fraud or non*ompliance Mryth I¥w5 ond r¢gulaiioiis; lh¢ inatlers discussed among ihe audit engaEein¢nl 1¢8rn regardin8 how ond where fraud mighi oceur in the financial slulements and Atty potential indi¢ator¥ of fr¥ud. As a rcsult vf these procedure¥, we considered Iht OPPOTtunili¢s and incenlivcs that exist wiihin thc organis&tion for fraud tsnd id¢ntificd the greatest potCDtilll fnr traud in rh¢ following are05'. liming of reColI10n of income, provisions for foieseeabl¢ losses on coniracts and value of stocks. In Con wilh all audit& undcr ISAS GiKI, we arc Ilsu required lo perfonr spetific proccdure8 to r44pond io the risk of manag¢ment override. Wc also obtained an understanding of the legal and re8ulatvry frameworks that th¢ ¢ompa5Jy Op41¢¥ in, focusin8 on provibirjns or tho%¢ law% and regu131ion% thai Iiad a direcl effecr on th& detttrminariott of material amounts and di$elosure$ in the financiol $tat¢nients. The key law5 and rebyulalions wc consid¢Ted in this Lontgxl included UK Companies Act, ¢mploynient law, h¢illh and safcty. pcnAions legislation and rgx l¢gisl$tion. As explaiiied ab¢)ve, there is Bn un8voidabl¢ risk thal rnaieriul nilsslotemenL$ may noi be dcle¢led, even ihou¥h the audit hAS b¢en plJnn¢d and perfollned in accordance wilh ISAS {UK). In addiiion, ¥onsidered provisiuns of oiher ljws and reb?ulalion$ thai do noi have a diT¢¢t ctre¢l on the financial sialemenis but coryjpliance wilh which may be fvndpmcnlul lo the compa1)$ abilitv to operate nr lo avoid a m8leri81 penJliy. Audlt respoDS¢ to rlskf Identitled Our procedur¢s to respond to ri5k.4 identificd include(T the foll(>wing.' reviewing the finoncihl slaiemcni disclosures ond ¢¢sling to supporting doeumenlarion io Hss¢$8 compllanc¢ with provisions ofrelevani laws and re8ulaiions ¢Jescribed as ha%ryn8 a direct eft¢£t on thr financial slatern¢nt&' tnquiring of managem¢ni concerning actual #nd potential liiigation and claims,. p¢rfomiing anglwical procedures lo id¢nlify ttny tsnusual ur unexpc¢ied relaiionshipb Iliat miy indi¢gle risks of materiol Jnisstalemenl due to fraud: r¢viewing ¢off¢spondence with HMRC; and in addressing thc risk ofiraud ihrou¥h rnanagemenl override olcoDlrols, tcsling the appropriateness of journal entrics gnd oler 8djuglmenis- fjsses5in¥ wheih¢r the judgements n)ade making accounting estimate8 are indicative of a poiential bias; and evaluatin8 the business rationale nf iiny significant transaciions that arc unusual or outside the norn)al course of bu5in¢ss, We ulso communicated relewdnt identified laws and rcgulations alld potentiAI fraud risks to #ll ¢ngagern¢lli ieam members in¢Juding iT]iernal specialists, and remained alert lo any indi¢ations (If fraud or non.cornpliance with laws reglll4iion$ throughout the judit. No inslances of nialctial non-compliance were identified. HowieveT, the likelihvod of deierlillg itregulariti¢s, including fraud, i5 limited by tlie inh¢r¢nt difficulry in d¢l¢cting inegularities, the effectiveness of tht entity's controls, and the na[¢, I2miJJg and extent of the 8udit pro¢eduTes perfornied. Irregularsties that ie5ulI from &aiid might bc inheren11v moT¢ difficvlt io deteci than IegUlaritieS that rtsuli from error. In idujtifyryng and assessing risk5 of maierial misstatemerlt in respect of irregu18rities inchiding fraud and non-complian¢e wth lall and r¢gulations we hatrc considercd the followino.. Page 9
Report of the IDdependcnt Auditors to tbe Members of CiTrmbran Centre for Young People The nature of ihe indv51ry and seclor, roniml environnienl and business p¢rfDrniance including Ihe company8 perforniaKcc tsrgets and Icnders for new contracts.. Results of (he enquiries of mtnagen)eJ]i abL)Ut Lheir own id¢ntification and )ss¢8$ment of ibe risks of irregularitlC5" Any matters wc have Identified havinbj obtsiD¢d and reIewel the con)pany's documentation of Iheir policies and procedur¢s relating to-. identifying. evaluating and coThplyin8 wjih laws 8nd regulations and whether they were aw¥Te ofany in51ancrs of Doncompliancc., detectTng und respondillg lo the risks of fraud and wh¢ther Ih¢y have knowledge of &ny acttjal, 5U5prcled or allcg¢d fruud., the int¢rn&l conlTols established to rniiigal¢ offraud or non-tompli2nce with laws and regulatlQll5' Ihe IiiJilcr5 discussed aiiiong the audil ¢nglseMent LeaTn regarding homf and where frhud miBhi occur in Ihe financial slaiemcnts And any poieniial indicators of fraud. A& • Mull VT Ih¢d pro¢¢duru. we tomidcred Ih¢ opporNmili¢s Attd inceniivu t1 tmy ¢xiil wiibin Ihe ory&nisJiion for fraud identified the greatest poteiiti81 for fraud in the following 8T¢RS'. timing of Te¢OWlition of income, provisions for foTesee8ble losses on contracts and valuL of 5toeks. In ¢omrnon wilh all audiis under JSA5 (UK), we are glso rL'qsJired ti) pcrfonn speLific procLduTCS to r¢spond lo ihe risk of mayA8ement overryde. Wc also obiained an undeislanding of th¢ legol and T¢gulalary from¢works thai th¢ company opernies iii, focusing on provisiohs of thos¢ laws re8wliiorJi th#1 h•d • direci ¢lTtti th¢ dtternthutson of miirylttl amounts and dikloiur¢i in the finJnei*l ststemcnl¥. The ke), laws and re&wlaiivns we considered in this coniext in¢lud¥d UK Companies Acl, employm¢nt law, health safety, pcn5ion$ le81&tIon 8nd lax le8islali(Trp. A further d¢5¢riplion of our respiinsibilitics for the audil of the financial stalemenis is located on thc Finan¢ial Reporting Council'$ w¢bsit¢ at Mwv.frt.org,uWauditor5TeSponsibilili¢S. This descriprion follns purt of our Report of the Independ¢nt Auditoys. Use of our report This r¢port TS made solely to the charitabl¢ Company's m¢mbers, as A htsdy> in accordance with Chapter 3 ofpart 16 of ihe Lomponie5 A¢1 2006. Our audif work hab been undertaken so that wc rnight &lale to the eharilahl¢ company's [neberS iliose rnallers we Ar¢ requircd to 5ts1e t() them in in ¥iJdilurs' report and fi)r no oiher pury)nst. To tlie fi111¢5t cxieni PeTmitted by law. we do n4)t accept OT u.%sume responsibility to anyone oiher Ihan tbe charil¥bl¢ Company and the Lharii#bl¢ company's maiiber5 as & body, for our audit wvrk, for this repon, QT fvr the opiniony we have fonned. 7ania Cregg FCCA (Senivr Sialuiory Aiidilur) foT and on behalf of X¢illadiD Audir Limited Chanered Acc(Truntanis & StDftJtory Auditors Sulie 2d Building l Ea.8¢em Business Park St Mcllons Ckrdiff Souih Glan)org&n CF3 SEA J)ate.' ql(I125 Pa(T¢ 10
Cwmbran Centre for Young People Statement of Finanrial Acthities for the Year Ended 31 Mxrch 2025 31.3.25 Total funds 11.3.24 Tola funds Unreslricled fund Reslri¢ied fi]nds Notes INCOME Af4D ENDowlEiTS FROM Donations and Icg8cies 12,870 12.870 11,231 CharltHble attlvlt1¢5 Centre aeiivkties 228,372 402.876 631.248 600.142 Investtrent incon)e Othcr income 2.374 1,781 2.374 1,781 242 Total 245,397 4(J2,876 648,273 611,615 EXPLNDITUHE OIS, Charllable aclivi¢Re$ Centre activilies Svdff costs lJJsur)nc¢ Li8ht, htat and iv3i¢r c.leaning R¢pJirs and Enaini¢n8nce Frinlin¥* POSts8e and statlODery Tclcphone Travelling and cxp¢nsCS Generdl activitlC5 DepTecialion Ate(Juntancy f¢¢ Audii fee¥ PTvf¢bbional fees ComputeT £OSIS L(>art attd other interest 42,442 181,104 5,051 17.689 3.734 10,309 4,203 3,132 376 135,792 490.391 5,051 17,6S9 3,734 10.309 4,203 3,132 376 56,627 495,354 3,145 16,346 2.603 9.943 214 4,867 2,693 34,90? 27,793 1,200 2,684 2,314 1,58 3Q9.287 3,239 3,000 5,741 7,665 12.010 15,279 3,UUO 5,741 7,665 1,809 1.809 Oth¢r 641 648 Tol¥l 290,142 414.677 704,819 662,265 NET INCOMEI(EXPENDJTURE) Trgnsftrs between funds 144.74.5) {2581 (56,546) 150,650) 17 25S Net mabenient ID fudS 145.003) {11,543) 156,546) 150.650) RECONCILIATION OF FIINDS Toial fiJnd8 brought fonTrTrrd 390.872 68,407 459,279 509.929 TOTAL FUINDS CARRIED FORIA'ARD 345.869 56,864 402.733 459,279 The iioles form part of these finan¢io1 stslements Pagell
CiTrmbran Centre for Youllg People Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total fitnds Ujireslricted fund Rcstricled fuiids Note5 FIXED ASSETS Tangible assets 97,860 16,525 114,3%S 130,812 CURRENT ASSETS DcbtOTS Cash at bank and in hand 12 12.705 320,437 41.241 39,890 53.946 360.127 97,94Q 3.16,965 333,142 414,273 434,905 CREDITORS Amounts fallin duc llqihix on¢ year {23,4171 140,793) (64.2101 141,656) ET CURRENT ASSETS 309,725 40,338 350.063 393.249 TOTAL ASSETS LESS CDRRENT LIABILITIES 407,585 56,803 464.448 324,061 CREDITORS A]nount& f811ing due after niore th&n one year 14 161,7151 161,7151 (64.782) NET ASSETS 345.870 56,863 402,733 459,279 FUNDS Unreslri¢¢¢d funds Restricted fvnds 17 345,870 56,863 390,872 68,407 TOTAI. FUNDS 402.733 459,279 Thr fina.117 lwiements wrre ttpprov¢d by the of Trujieei auihMi¢d for its¥¢ Olb ... sigtied on ils belitslf by., Ms L L1oyd-To matt- TNst¢¢ The notes fnrni part of these financial statements Pdge 12
CivmbTn Centre for Young People Cash Flow StattmeJ)t for the Year Ende(131 March 2025 31.3.25 31.3.24 Noies Csh flows from op¢rating a<vitIeS Cash 8eneraied from operations Intcresl p8id 24,784 {1,809) 1123,867) {576) Nct cash provided by,Iluscd in} opeTalins pclivities 22.975 1124.443) Cash llows from invc5tTng attlvltl Sale of tangible fixed ass¢ts Interest received 429 2,374 Net cash provided by investing activitie5 2,803 Cash flows from fjnanclng ictivltlel Loan repayn]ents iD year 12,4161 (1.763) Net ca&h u$¢d in linancing acliv3ties (2,416) 11.763) Change In c95h nnd cash t41%,alentI In the reporting period Cash an41 ¢A$h equlvalents gl the begJnDln% of the reportiDg perlod 23,362 1126,2061 336,965 46J.171 Cash #Dd cash equfvalents gt tho end of the reporting perlod 360,327 336.965 The notcs fonn part of ih¢se fiTLancial statements Page 13
Cwmbran Centre for Youn% People Notes to tbe Cash Flow StAtement for the Year Ended 31 March 2025 RLCOYI CJLIAI'ION OF ]YET EXPENDITURE TO NET CASH FLOW FROM OPF.RATlh'G AC'fivJi'iES 31.3.25 31.3.24 Net expenditure for the reporting period las per th Statement of Finantlal Activities) Adjvstment$ for: Deprcciation charges Loss on disposal of fixed a5SCt$ Inleresl reL¢ived Interest paid DecreascllinLrea.fe) in d¢blors Incrcthselldecrcasel in creditor {56,5461 150.6501 15,350 648 {2.374} 1.809 43,994 21,903 27.793 576 180,9921 120,5941 ret ¢a$h provlded byl(u$ed In) opergtions 24,784 1123,867) ANALYSIS OF CHANGF.S IP* NET FUNDS Al 1.4.24 Cash flow At 11.3.25 Net Cash c.ash ai bank and in h#nd 336,965 23,362 360,327 336.965 23,3b2 360.327 D¢bi Dcb14 falling du¢ within l ye4r Debts fallin$ due after l yeor (2.416) 164,782) 16511 3,067 (3,067) 161,7151 (67.198) 2,416 (64,7821 269,767 25,778 295,545 The notes form part of these financial staiements Page 14
Cwmbran Centrt for Young People Notes to the Financlal StatemeDts for the Year Endtd 31 March 2025 ACCOU,NTJNG POLICIES Basis of preparing thÈ financial statÈm¢nls The financial sratements rjf th¢ cliaritsblc cornpany. which is a public ben¢fir entity und¢r FRS 102, have been prepad in ¢COrd¢t With Charilits SORP IFRS Ifp21 'Ac¢ouniiTrK Ind Keportthg by ch1t1¢S.. Sta¢ernenl of RtcomJnmde Pro¢tire atryllLablc io ch&riii¢% preparing their ircnunis in acc'dae with the F¢llth¢iil RqM)nins SiandaTd •rli¢able in the UK •Thl Republi¢ vf Ir¢lJnd (FR5 101) l¢lTcclive l JanrÈ2r)' 20191,. Fini11 R¢portin¥ Sitsndlrd 102 'Th¢ FiThJnci•l Reporting Standard applicable in the UK and Rcpublic of Ireland, and the Companies A¢1 2006. The linancial slalements h¥Y¢ been pr¢parrd UDd¢r the historical c05t CQTiveniion. Thc ¢harity's funcliLIDo1 alld prcscnlauonal CUrncY is ilie pound slerlirtg 1£), and balanLes llre rounded to Ihe ntaresi £1. CYlti¢al accountin% judgement5 •nd key sour¢es of estlmxtlon un¢erlaSnty Estimates and judgemcnts 4Lre coniinually cvuluaied and ore bascd on historical cxpcrience and oih¢r f8ctor5, including expcctalions of futUT¢ ev¢ni.% IhdL are believed lo b¢ Teasonablc under Ihe circultanceS. The Charily n]2kc& csliintsies and ossumption5 wncerning the fvtur¢. The Tesulting accounting e$timale5 Und assumptions will, by definilion. 5cldorn equal the related actuxl r¢suli No jud8em¢nls (apart froix rhosc involving eslimAtes) have bt¢Jk made in th¢ ProCS of applwng the 4bov¢ 8¢¢ounting poli¢i¢s. Income Ie is rteognised when the ¢harity has Lnliilemenl to the nds, any perforn)anc¢ ¢vnditions to the itern of intom¢ have been met, it is probable that the ineome will be received, anl the amount can bc Eneasured reliably. Donations &nd volwitary in¢ome are occounlcd for gross when receive GraE)t5 are r¢¢¢bniscd iii full in the Siaiem¢nt of Financial Acliviii¢$ in Ihe y¢ar in which they Jre receivtsbl¢. Capit31 grant$ relating ro the purchu8e of major fJx¢d asbets thre defetT¢d And released OV¢T ih¢ life of the usseis ro whi¢h they relaic. Gnts. where cnlitlcinenl is noi condifion41 on the deltv¢ry of a spe¥ific perfornwic¢ by Ihe charity, aTL' T?CQ8nised when the ¢h8rity be¢om¢s unconditionolly enililed to the grant. Inconic frc)rn irjveslin¢n(s is in¢luded in tbe year IT) which li is receivabl¥. E%pendlture Liabilitie.$ arc r¢¢ts8niyed as expenditure &s soon there 15 1 legal or ¢onstro¢livc obli¥thtion cornmitting Ilie Charity lo ihtst ¢xpeT2dilure. ii is probable ¢hLt a transfer of tconornic ben¢fits will be required in settl¢Thent and the jrnount of the obligation can be me&8ured reliably. Costs of chorilable activitic¥ in¢lud¢ the dirccl costs ofrunning the c.harity. and 2re 2nr?buted io Ihe respe¢liv¢ fundin¥ on an accrual basis. LiJbiliti¢s arc r¢¢o8nised a5 r¢s(Trurccs expended as soon as there is a legal vr ¢onstTrcHve obligntirtrn cunjmitting thc charity to the ¢xpenditUTe and is shown inclusive of 8ny VAT. Govemaiicc cosls RTC rhc costs associaled wilh the governance arrang¢m¢nt5 of the chJTity. which Telaic io iht general running of the Gharily as opposed lo ih¢ costs a55OCi4Ll¥d wilh lundraisin¥ or ¢haritsble activiiies. Such cosls nornially in¢lude oudil fecs. legal advi¢¢ for ih¢ Mano8emenl Lommittee and costs associated willi con$lilulionJl #nd stalulory requirements AllocarfoD And kpp0rrf0met of ¢05ts Exp¢ndiNr¢ is kccountcd for on an accrnals b&%is and hus beell cla55ifs¢d under headings ihat aggryegaie all cost r¢laied to the tegory. WhcTe costs ¢annot be direcily 4Lttributed io particular he,qdings they bave been allocalEd io activities on a bLSiS OnSi51ent wilh the of resources. Tangible tlxed a$5¢ts Depreciation 18 prOd¢d at the folltswing annual rates in order to write off each asset ov¢r its ¢slimaicd uscful life. Short l¢agehold Fixtllres and firtina5 Motor vehifjlts IOQA on c05t 15V/D on cosl 250/0 on r¢ducing bal3nce Tax4tlon The Lharity Is excmpt fronj eorporaiion lax on its charitsblc activiki¢8. Pag¢ 15 conlinued...
CwmbrAn Centre for Young People Nptes to the Financlal StAten)ents - continued for the l'ear EDded 31 March 2025 ACCOIINTING POLICIES- continued Fund gctounting Unrestrlcted funds can be used ID actordance with th¢ charitable objectives at the distrtyon of the tNstees. R¢strici¢d fijnds can only be used for pafficular reslrided purposes wiihii) ihe objeLiS of the eharilv. Reitriclinns arise wh¢D spccified by th¢ donoT or when fvTMls arc raised for particular r¢stricied purposes, Restricted funds in¢lude the following'.- The 8rani& rtl)t¢d to the ongoinB provision of qualified Lounxllon provldin¥ coun#lllnB in re¢¢¢ of iyeS nich as anxi¢ty, anger, loiv csteenJ and depression acrvss SLhools and 01 th¢ centre. These fijnds are pjrtof Ihe N•tioNI L4llery fithdin% Ind Qft ipe¢kfic•lly B¥anled for th¢ dttrlopnxDI of sL"ills foT youth These fuDds relai¢ 10 th¢ provision i)f faLililics lo childrcn ond young people io build on ¢h¢ir existing ¥kills empoiver thcm io cre8le choices and oppominilies for laler in life nitv ities P These ndS relare to the d¢velopmeni of esscntial skills of younK people with the view lu iheni gainin¥ emplo)m¢nl. oiirh Su ort Strat Thes¢ relttie to lh¢ developnieni of young peopl¢ lo enable thern Io TeA¢h thcir full poieniial. Fu These hjnds relate to activities 10 enhan¢¢ the wellbeing uf young peopl¢ with emilional and mentol healih issues. Thr funds T¢lk ¥rnnts txptndtd OTh f¢ #Met ry¢nthiut¢. The fund li ttsxod ea¢h Year equinleni fv Allnu•l depr¢ci8tion eharg¢. BnLla Gate These funds relatc io the provision ofskilli for young people to assisi gAinin8 emplo)Thcn¢ oppornJniliL& These fund5 are uscd to conlribuie toward5 Ihe OpEn Acce&% Dri)p In projeLI cuentlY ruli by the Centre Thcsc fuiidj wed 14) cr¢¥l¢ * dedi¢aied outrwh ieom ¢hiLh fo¢uxi on i(IdTwin8 ASB typey In th¢ iowTr ¢¢ntye and lo provide support to young pcople to meet Iheir iDdividu1i I necds. Th¢ fvndJ wed foi PTvjerts in the local commwiiry lo hclp disth'wntsged people 8ei back Into ¢mplownrni. These funds wefo •wurded dwinx the y¢ar of ihc Quecn's DiJNonrJ Jubiltt 10 help # ptyrfnenhip proJt¢i re¢ogni&in8 onc or8ani581ion in each Cornmollwcdih Lountry for u projecl which cclcbrAted young leaders they suppvricd and worked with These fund% tompri5e 5rn•11u fvndinl speeit]c proj¢ct5 with th¢ •im tts develop the ¥kill$ of vouns pe4)ple. Penslon ¢ost5 and othEr post-retiremerbt benents The ¢h?Fii•bl¢ coanpany op¢y¢s ll dtfincil ctsnlnl)ulion p¢nsion Kheme. Contnbulions pA>vbk 10 th¢ ¢huiubl¢ Comp$ pension schenie aFE charged lo the StaienJent ofFirtanciul Activitie5 in Ihe period to which they [&¢¢. Debtor5 nounrs recoverable on contracis are recognised at ihe seÉtlemenl arnounl du£ after any discount offered. PrepaJThenis are valued at the ainount prepaid n¢1 of Any irade discounts due. Cash fjt bank and In hand Patte 16 ¢ontiiiued...
C)brn Centre for Yoyng People otes to the TrinRJ)ci41 Statvments - contiDued for the Y¢ar Endcd 31 March 2025 ACCOUNTING POLICIES- continued Casl) 21 bank and ¢d5h in hand incliides cash and sl0rt l¢tn? highly 2i4uid investments th'iih a sliort maturity of iliree monihb or less fion) thc d8ie of acquisition or opLDinL* nf Ilie deposTI or sirnilar ikccouni. Creditors provisions Creditors and pFovibions ale rccognised where the charity has 8 present obligdliun resuliiiig from a past Eveni that WTII b4bJy rcjuli yn thr ll$re1 of fuNtL$ tQ A Ihira party and ih¢ anwuni due t4) s¢iil¢ the obligniion can b¢ m¢asured or estimated reliably. L'reditQTS and PrvIsIOnS arc nonnallv recognis¢d at thcir seiilemeni an)ount xfier alloiving f(IT any trade discounts due. Financial inslrynients Thc Lharity only hu5 fIntiniial as%et£ aiid fLll8nCi&il lillbilitie5 of a kind ihal quality as basi¢ frndncibl ii)sirumenlq. 8abic. fiDancTal inslruments are inili8lly recogttised al IraDsaLlion value and siib4L4uenlly IneJ&iired 81 Ihtir seiil¢moJii valu¢. Dof4AI'IOIYS AND LEGACIES 31..1.25 Donglions 12,870 11,231 INVESTMEYT INCOME 31.3.25 31.3.24 Deposit accouni interest 2,374 JNCOME FROM CHARITABLE AC'rIvi'riES 31.3.25 31.3,24 A¢livity Centre a¢tivilies Lentre aclivili¢s GrAnts Oiher in¢oniin8 resol1¢$ 569,966 61,282 512.588 87.554 C>31.248 600,142 Grnnis received, included itt the above, are as lollow& 31.3.25 31.3.24 Lo¢Jl touncil and CQT>ununiiy graNts Children In Nccd TorfaeTr County Borough C.guncil Oih¢r 8ranls Gwent Polic¢ kund 9,999 70,499 32,U75 258,227 119.532 32,255 516.336 1.000 42.631 569,966 512.588 Page 17 continued...
Cilmbran Centre for Youllg Peopl¢ Notes to the Financlal StAtenJent5 - continued for the Year Ended 31 March 2025 CHARITABLE ACTIVITIES COSTS Suppon costs {4ee note 6) Direct Cosis Totals Cenlre activilles Staff costs In5uran¢e LighL heat and water Cleaning Repairs and mainlcnance PrintinE, PO.%13ge tsnd staiinT)¢ry Tel¢pliollc Travelling and cxpeThses Depreciation Account¢Y f¢cs Audit lees Professional lees l.oan and uiher inicresl 135,792 490,391 5,051 17,689 3,734 10,309 4,203 3,132 135.792 490,391 5,051 17,689 3,734 10,309 4,203 3,132 376 15,279 3,OQO 5,741 7,665 1,809 376 15.279 3.QLKI 5.741 7.665 1,809 687,389 16,782 704,171 SUPPORT COSTS Governance ¢osls Travelling and expenscs Aceuuntancy fces Audit foes Prufcssii)nal fee$ 376 3.OV 5.741 7,665 16,782 NET INCOMEIIEXPENDITUREI Net in¢otnellexpenditurcl is stated after ¢har8ingllcrediling}.' 31.3.25 31.3.24 AuditOTS' Temutteration AuditDrs' rernuDeratic)n for non audit work D¢preciotion- owmcd ass¢15 Defi¢it on di¥osal of fixed assets 5,741 3,000 15,350 648 2,684 ,200 27,794 TRUSTEES, REMUE*E114TION AND BENTFITS There were no Iruste¢s' rcEnuneration or other benefits lor the y¢ar end¢d 31 Mah 202S nor for th¢ year ¢néed 31 March 2024. Tru5tees' eipÈnye$ Thei¢ WCT¢ no tNslces' expens¢s p¥id for the yeaT ended 31 Marth 2025 nor for the year ended 31 March 2024. Pag¢ 18 conlinued...
CwmbrAn Centre for Young People Notos to the FiD4n¢lal Statements colltlnued for tbc Yeor Ended 3111.larch 2025 STAFF COSTS 31.3.25 31.3.24 WiLgcs and 5alaric5 Social securiry cosls Oihcr pen820n costs 454,224 25,558 10,538 458.538 25.945 10,871 490,320 49i,354 Key Maement personnel Key Inan8g¢nent personnel are considcT¢d to be those personncl who are nol tru5te¢s bul have kLy opeTalional and strategic ro1¢5 Ill the charity. The totsl ¢inploJTrcni cost.4 (>f ihe key manaiemenl p¢rsonnel werc £69,3?0 {2023 - £61,328> which consistcd of 8ross pay and empluyels narional insurance and pension contributiTrn.i. The avtrage monthly number of eTnpl(Fyees during the year ivu5 as follows.. 31.3.25 24 31J.24 26 Employe¢s Adniinislralion and governan¢¢ 24 27 No eniploy¢es rcLeived emolunients in cxce$5 of£60,OQO. COMPAK4TIVES FOR 7'Hk STATEMENT OF FINANCIAL ACTIVITJES UnTesiricted fiind Rcslri¢led fiJnd5 Toial filnds JIYCOMF. AND ENDoWlFITs FROM Donation9 and l¢gaci¢$ 11,020 ChAritable oetivities C.¢nlre activities 248.402 351,740 600.142 Oiher incom¢ 242 242 Total 248,855 362,760 611,615 EXPENDITVRF. ON ChArlt2ble activlil¢s Ccnlre aciivilic5 stsff c05t5 InsuTan¢e Light, hctsi ind wdler Clcansng R¢pair5 and Thaintenancc Printing, postage and stationery Telephone TTavelling alld expensES General activities DepFe¢iation A¢¢outiiancy fccs Audit fees Professional l¢e$ C'trmpurer cosis 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 42.845 304.199 56,627 495,354 3,145 16,346 2.603 9,943 214 4,867 2,693 34,902 27,793 1.20 2,684 2,314 1,5¥0 1104t) Ttstal 303,171 359,094 662,265 NET INCOMEIIEXPENDJTUREI (54,316) 3,666 150,650} Page 19 coDtinued.-.
Cwmbran Centre for YouDg People Notes to the Financial Statement5 - CODtinued for tbe Year Ended 31 M2rch 2025 io. LONIPARATIVES FOR I'HE STA TEMEN'f OF Flf*ANCIAL AcnvfTikS- cThn¢lntsed UnTCStricl¢d nd Rcstri¢led funds Ti)tal Transfers between fund$ 5,372 15,372) 'et movewent In funds (48.9441 11,7061 150,6.501 RECONCILIA'fioN OF FUNDS Total fi]nd.% broueht fon¥ard 439,816 70,113 509,929 TOTAL FUTrDS CARRIED FORWARD 390,872 68,407 459,279 I'ANCIBLEFIXED ASSETS Fixtures aiid fittings Short l¢a5ehold Motor vehicl¢s Totals COST Al l April 2024 Di$prJsAIs 272,130 107,420 16,800 116,8001 396,-150 116,SOO) At 31 March 2025 272,130 107.420 379,550 DEPRECIATION Al l April 2024 Charbr¢ for year Eliminaied ctn dispoyal 142,82J 14.920 107,349 71 15,364 359 {15,723) 265,53¥ 15,350 115.723} At 31 Mar¢h 2025 I S7,745 107,420 265.165 NEf BOOK VALUE A(31 MJTch 2025 114,385 114,385 Al 31 MaTcb 2024 129.305 71 1,436 130.812 12. DEBTORS.. AfvIOUNT.8 FALLlliG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Prepaynents 8nd accrued incoine 52.001 1.945 96,229 53,946 97.940 Page 20 ¢oDtiJued...
Cwmbran Centre for Young People NotCS to the Flnancial Stat¢n)ents - contRnued for the Year Ended 31 March 2025 13. CREDITORS: .4MOUNTS FALLI,G DUE WlTHIJ¥4 ONE YEAR 31.325 31.3.24 Other loans (sec note 15) Social security and other taxe5 Accru&ls deferred incomc 3.067 9.330 51,813 2,416 39,240 64,210 41.656 14, CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN OI%'E YEAR 31.3.24 Other loaiis (see nolc 15) 61.715 64.782 Is. LOANS An Lnolysis ol'ihe maturity of loans is givcn bclow.. 31.3.25 31.3.24 Amounts falling du¢ within one year on dcmand.. Oiher loans 3.067 2,416 Amounts falling due between two and fivc ye8TS', Other loaTYS- 2-5 yea 11,062 12,617 Amounts falling due in n)ore ihan five years.. Repayable by inslalrn¢nl9'. Other loans rnor¢ 5yr.s ins¢al 50,053 52,165 i& LEASINC AGREEMEf4TS Minimum lease paents undei non.¢ancellable oper31iog leases fall due as follows.. 31.3,25 31.3.24 Within one year 9,086 9,191 Pag¢21 continu¢d...
Cwmbran Centre for Young Ptople Notes to the FlnAncial Statements- continue for the Year Ended 31 March 2025 17. JOVEMENI. IN FufDS Net nwvemenl in funds Transfers between filnds At 1.4.24 31.3.25 Unrestricted fund5 Gtneral fi]nd 390,872 (44.744) 1258) 345,870 Restrlcted funds Counselling GTant Oiher Projects Capitol Grant Children In Necd opcc Saf¢r Sireet TVA YLG Social Enterpris¢ Challertge ProBroTrune Tortaen Community Food Pilnlry 14,789 7.688 28,565 .441 7,605 671 648 11.808 (6.1291 112,040) (8,507) 4.069 1544) {6531 120) 65 149 26,597 1,726 16,525 66 11,674 127 20 65 149 68,4C7 111,802) 251 56,863 TOTAL FUNDS 459,279 (56.S46) 402,733 N¢1 movem?nt in funds. included in the JbDve are Js lollow5'. Incomins resources R¢sour¢cs expended mo¢M¢nI in funds Unre$tricted 0d9 General fvnd 245,398 (290,1421 144,744) R¢5trl¢ttd fundg Counsellin8 Grani Orhcr Projects Capilal Grant Children In Need opcc Safer Strtei TVA YLG Social Ent¢Tpfi5e c.halleng¢ Prok?rainn)¢ Torfaen ComTnuniry Food Pantry 248,070 5.500 (236,262) 111,6291 112,0401 (8.5061 138,5631 19,0571 {6531 150,020) (33,244) 114,703} 11.808 (6,129) 112,040) (8,507) 4,069 (5441 1653) 120) 65 149 42,632 8,513 50,000 33,309 14,852 402,875 {414,6771 (11,802) TOT AL FUNDS 648.273 1704,819) {56.546) Page 22 colltinued...
Cwmbran Centre for Young People to the Financial Stgtenients - CODtinued for tbe Year Ended 31 Mar¢h 2025 17. MOVEMENT IN FUNDS- contiDy¢d CfrmpgratRves for movement in (unds Net movemenl in funds Transfers between nds Ai 31.3.24 Al 1.4.23 linrestricted funds General fuj) 439,816 (54,316) 5.372 390,872 Restricted fund$ Cow)s¢lling CITant Other PToj¢d$ Capital Grant Children Iii Nc¢d opcc Safer Slrtel TVA YLG 17,811 2,778 7,26(> 112,040) 297 4,052 671 648 (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 (5,372) 68,407 TO'I'AL FUNDS 509,929 150,650) 459,279 Comparativ¢ net movemenr in funds, included in the above are as follows., Incoming resources Resources expended MOeme1)I in fijnds Unre$trl¢tcd tsnds Gen¢Tal fvnd 248,855 (303,171} 154.316) R¢strlet¢d funds Counselling Graxl Other Projects Capilal GrAtIl Children In Need opc.c Saf¢r Sireei TVA YLG 230,] 80 24.519 (227,402) 117,259) (12,040) 131,778) (18,579) 131,584) 1452) 2.778 7,260 112,040) 297 4,052 671 648 32.075 42,631 32,255 1,100 362.760 (359,094) 3,666 TOTAL FUNDS 611,615 (662,265) {50,650) 18. RELATED PARTY DISCLOSURES Th¢ charitabl¢ GOpanY is in re¢eipt of granls from Torfaen Counly Borou¥h Council and oth¢r local conununity counci14 whn liave Councillors who sil on the board oltnjsiees. They are, howevcT not eniitled to any spccial privilt8es as o r¢sult of thes¢ Counciillors holding office a5 tnistee.s. Page 23
Cwmbrxn Ctntre for Young People Detalled Staternent of Finanefftal Activities for the Year Ended 31 March 2025 313.25 31.3.24 INCOME AIYD ENDOWMENTS Don#tlon?4 and legacies Donatio* 12,870 11.231 Jnvestment in¢om¢ Deposit arcounl inieresl 2,374 ChaTilgble activitlts Grants Other incoming resourctg 569,966 61.282 S12,588 87,554 631,248 600,142 Other IDconie Rotsm hire 242 Total IrÈcoming re50ur¢es 648,273 611,615 EXPENDITURE CharitAble activitie¥ Wa8e$ Sotial security Pcnsions Insuranc Light and h¢tst 'relephon¢ Postage 8nd $iationery Cleaning and caretakin R¢pairs and mainlenlnce Centre 8ctiviti¢s TTav¢llin8 aDd cxp¥nses Deprc¢iation of tsngible fixed a$etS Loan 454,224 25,558 10,538 5,051 17,689 3,132 4,203 3,734 10,3Q9 135,792 44S,567 25,945 10,871 3,145 2,443 2,638 4,733 7,813 90,953 2,693 27,793 576 15,350 1,809 687.389 641,516 Other Loss on sale tsf tangible tixed assets Support Costs Govcrnancf ¢osts Wa8eb Auditvr5' remuneration Auditors, rcmuneTalion for non audit wotk Professional fees Cornput¢r ¢osts 12,971 2,684 1,200 2,314 1,580 5,741 3.000 8,041 16.782 20,749 Total resources expended 704,819 662,265 Net expenditure (56.546) (50,650) This page do¢s not forni part of the statulory financi81 statements Page 24