REGISTERED COMPANY NUMBER: 05290895 (England and Wales) REGISTERED CHARITY NUMBER: 1111138
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
SENGHENYDD YOUTH DROP IN CENTRE
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
SENGHENYDD YOUTH DROP IN CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
SENGHENYDD YOUTH DROP IN CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Introduction
The past year has been financially challenging for SYDIC. Rising core costs, increased employer tax contributions, and mandatory staff retraining requirements have placed significant pressure on our budget. Despite these obstacles, SYDIC has continued to deliver vital youth services in the Aber Valley through careful financial management and diversified funding efforts.
Financial Overview
SYDIC successfully obtained grants and contributions from the Gwent Crime Commissioner's Community Fund, which was extended for one year, as well as from the Heritage Lottery Fund, Children in Need, Comic Relief, GAVO/ABUHB Well-being Fund, Awards for All, Nisa, Co-op, and Aber Valley Community Council. These funds enabled SYDIC to maintain operations, deliver youth engagement programs, and support community safety initiatives.
Key Financial Pressures
Welsh Government legislation requiring youth workers to achieve degree-level qualifications has created significant cost implications. SYDIC estimates that 1,500 hours of paid training will be required over the next year for five staff members, alongside additional costs for backfilling roles during training periods. No funding has been allocated for retraining under current grants. Rising employer tax contributions and compliance with employment law have further increased core operating costs, while the administrative burden associated with professionalisation requirements continues to grow.
Impact on Sustainability
Current funding streams do not cover retraining or structural costs. The lack of long-term, sustainable funding threatens SYDIC's ability to maintain face-to-face youth work. Continued reliance on short-term grants creates uncertainty for staffing and service continuity.
Community Engagement and Outcomes
Despite financial challenges, SYDIC has supported 91 individual young people in need and recorded 477 youth engagements across 41 activity sessions. The organisation delivered workshops on anti-social behaviour, hate crime, and domestic abuse, facilitated heritage and cultural projects including oral history podcasts, and organised summer activities such as visits to Race Cave, escape rooms, ten-pin bowling, and St Fagans Welsh Cultural Museum. Young people also participated in refurbishing the Games Room and Coffee Bar area, strengthening their sense of ownership and community involvement.
Partnership Working
SYDIC has invested heavily in partnership and networking over the past year. This includes chairing the Aber Valley Communities Partnership, attending Aber Valley Community Planning meetings, and playing an instrumental role in establishing the new Caerphilly Youth Services Hub. The organisation has worked alongside CCBC Caerphilly Basin Youth Services in planning and training sessions and remains an active member of the Caerphilly Youth Engagement and Participation Forum, collaborating with schools, statutory, and voluntary services to improve access and quality of youth provision.
SYDIC is also a member of voluntary sector umbrella organisations including the Gwent Association for Voluntary Organisations, the Council of Wales Youth Voluntary Services, and the Wales Council for Voluntary Services. Cross-sector partnerships have been developed with business partners such as Bute Energy, Prichard's Holdings, KGJ Price Railway Contractors Ltd, ASDA, Tesco, Bond Demolitions Ltd, and GE Aerospace. These alliances provide funding opportunities, in-kind support, and strengthen SYDIC's role in community development.
Over the last twelve months, SYDIC has re-established links with local schools, churches, and community groups to build the Aber Valley Community Plan. The organisation has also helped develop the Twyn Hywel Five Communities Liaison Group in preparation for distributing Bute Energy's Community Benefit Fund, expected within two years, to create sustainable income sources for the valley.
The Future
SYDIC continues to face uncertainty in securing funds for day-to-day youth support. Current funding remains fragmented, short-term, and lacks strategic sustainability. While Welsh Government has announced plans for a new lead body for youth work, the focus appears to remain on statutory provision, raising concerns that community-based services like SYDIC may be overlooked in favor of larger regional projects.
Despite these challenges, SYDIC's strong reputation and community relationships provide hope for resilience and continuity. Our priority remains ensuring that young people in the Aber Valley have access to quality support and opportunities.
Page 1
SENGHENYDD YOUTH DROP IN CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
External Scrutiny Costs
he fee payable to the independent examiner for the year was £1,200 (2024: £400).
FINANCIAL REVIEW
Reserves policy
The reserves policy adopted by the charity is to allow total costs for one year to be kept in reserve.
The financial statements disclose a surplus of £1,112 (2024: £-4,334), the surplus on unrestricted funds was £19,245 2024:£-53,939). At the year end the charity had restricted funds of £31,472 (2024: £49,605) and unrestricted funds of £30,707 (2024: £11,462).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05290895 (England and Wales)
Registered Charity number
1111138
Registered office
The Old Caretakers House Gwern Avenue Senghenydd Caerphilly CF83 4HA
Trustees
Mrs L F Brunton Mrs J J Manship D Berry Mrs M Catterson Ms C J Bishop Ms M Chamberlain M Stretch (appointed 25.2.25)
Company Secretary
Ms A Cavanna
Independent Examiner
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Approved by order of the board of trustees on 22 December 2025 and signed on its behalf by:
Mrs L F Brunton - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SENGHENYDD YOUTH DROP IN CENTRE
Independent examiner's report to the trustees of Senghenydd Youth Drop In Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Johnathan Dight The Association of Chartered Certified Accountants
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Date: 22 December 2025
Page 3
SENGHENYDD YOUTH DROP IN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities 3 Charitable Activities 59,536 Other trading activities 2 14,096 Total 73,632 EXPENDITURE ON Raising funds 4,467 Charitable activities Charitable Activities 49,920 Total 54,387 NET INCOME/(EXPENDITURE) 19,245 RECONCILIATION OF FUNDS Total funds brought forward 11,462 TOTAL FUNDS CARRIED FORWARD 30,707 |
Restricted funds £ 107,267 - 107,267 - 125,400 125,400 (18,133) 49,605 31,472 |
2025 Total funds £ 166,803 14,096 180,899 4,467 175,320 179,787 1,112 61,067 62,179 |
2024 Total funds £ 128,156 13,155 141,311 10,212 135,433 145,645 (4,334) 65,401 61,067 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
SENGHENYDD YOUTH DROP IN CENTRE
BALANCE SHEET 31 MARCH 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Cash at bank | 31,907 | 31,472 | 63,379 | 61,467 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | Amounts falling due within one year 9 |
(1,200) | - | (1,200) | (400) | |
| NET CURRENT ASSETS | 30,707 | 31,472 | 62,179 | 61,067 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | TOTAL ASSETS LESS CURRENT LIABILITIES | 30,707 | 31,472 | 62,179 | 61,067 | |
| NET ASSETS | 30,707 | 31,472 | 62,179 | 61,067 | ||
| FUNDS | 10 | |||||
| Unrestricted funds | 30,707 | 11,462 | ||||
| Restricted funds | 31,472 | 49,605 | ||||
| TOTAL FUNDS | 62,179 | 61,067 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
-
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2025 and were signed on its behalf by:
L F Brunton - Trustee
The notes form part of these financial statements
Page 5
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether capital grants or revenue grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.Income from commissions, or fees, is recognised when earned and is deferred when received in advance.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life.
The depreciation rates in use are as follows: Fixtures and equipment - 10% on a straight line basis Computer equipment - 33.3% on a straight line basis.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Basic Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
Creditors & Accruals
Page 6
continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2. OTHER TRADING ACTIVITIES
| Sale of food Provision of services 3. INCOME FROM CHARITABLE ACTIVITIES Activity Donations Charitable Activities Grants Charitable Activities Grants received, included in the above, are as follows: PCC for Gwent GAV2 BBC Children In Need Moondance Community Council Summer Scheme Paul Hamlyn Herritage Lottery 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Independent examiners remuneration |
2025 £ 1,484 12,612 14,096 2025 £ 59,536 107,267 166,803 2025 £ 39,930 1,500 24,648 38,683 2,506 - - 107,267 2025 £ 1,200 |
2024 £ 790 12,365 13,155 2024 £ 15,414 112,742 128,156 2024 £ 29,040 10,238 - - - 33,000 40,464 112,742 2024 £ 400 |
|---|---|---|
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continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. STAFF COSTS
7.
| Wages and salaries Social security costs The average monthly number of employees during the year was as follows: Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities 128,156 Other trading activities 13,155 Total 141,311 EXPENDITURE ON Raising funds 10,212 Charitable activities Charitable Activities 185,038 Total 195,250 NET INCOME/(EXPENDITURE) (53,939) RECONCILIATION OF FUNDS Total funds brought forward 65,401 TOTAL FUNDS CARRIED FORWARD 11,462 |
2025 £ 152,136 13,071 165,207 2025 9 Restricted funds £ - - - - (49,605) (49,605) 49,605 - 49,605 |
2024 £ 122,045 5,656 127,701 2024 8 Total funds £ 128,156 13,155 141,311 10,212 135,433 145,645 (4,334) 65,401 61,067 |
||
|---|---|---|---|---|
Page 8
continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 8. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2024 and 31 March 2025 | 22,708 | 42,533 | 65,241 | |
| DEPRECIATION | ||||
| At 1 April 2024 and 31 March 2025 | 22,708 | 42,533 | 65,241 | |
| NET BOOK VALUE | ||||
| At 31 March 2025 | - | - | - | |
| At 31 March 2024 | - | - | - | |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Accrued expenses | 2025 £ 1,200 |
2024 £ 400 |
||
| 10. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.24 £ |
Net movement in funds £ |
At 31.3.25 £ |
|
| General fund | 11,462 | 19,245 | 30,707 | |
| Restricted funds | ||||
| PCC for Gwent | 2 | 2,358 | 2,360 | |
| Paul Hamlyn Foundation | 15,584 | (15,584) | - | |
| Energy Saving Trust | 1,012 | - | 1,012 | |
| Heritage Lottery | 32,208 | (32,208) | - | |
| GAV2 | 208 | - | 208 | |
| Caerphilly County Borough Council | 591 | (591) | - | |
| BBC Children in Need | - | 1,186 | 1,186 | |
| Moondance Foundation | - | 26,706 | 26,706 | |
| 49,605 | (18,133) | 31,472 | ||
| TOTAL FUNDS | 61,067 | 1,112 | 62,179 | |
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continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds PCC for Gwent Paul Hamlyn Foundation Heritage Lottery GAV2 Caerphilly County Borough Council BBC Children in Need Moondance Foundation Community Council Summer Scheme TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds PCC for Gwent Paul Hamlyn Foundation Energy Saving Trust Heritage Lottery GAV2 Caerphilly County Borough Council TOTAL FUNDS |
Incoming resources £ 73,632 39,930 - - 1,500 - 24,648 38,683 2,506 107,267 180,899 At 1.4.23 £ 65,401 - - - - - - - 65,401 |
Resources Movement expended in funds £ £ (54,387) 19,245 (37,572) 2,358 (15,584) (15,584) (32,208) (32,208) (1,500) - (591) (591) (23,462) 1,186 (11,977) 26,706 (2,506) - (125,400) (18,133) (179,787) 1,112 Net movement At in funds 31.3.24 £ £ (53,939) 11,462 2 2 15,584 15,584 1,012 1,012 32,208 32,208 208 208 591 591 49,605 49,605 (4,334) 61,067 |
|---|---|---|
Page 10
continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds PCC for Gwent Paul Hamlyn Foundation Energy Saving Trust Heritage Lottery GAV2 Caerphilly County Borough Council TOTAL FUNDS |
Incoming resources £ 141,311 - - - - - - - 141,311 |
Resources Movement expended in funds £ £ (195,250) (53,939) 2 2 15,584 15,584 1,012 1,012 32,208 32,208 208 208 591 591 49,605 49,605 (145,645) (4,334) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | Net movement At At 1.4.23 in funds 31.3.25 £ £ £ |
|---|---|
| General fund | 65,401 (34,694) 30,707 |
| Restricted funds | |
| PCC for Gwent | - 2,360 2,360 |
| Energy Saving Trust | - 1,012 1,012 |
| GAV2 | - 208 208 |
| BBC Children in Need | - 1,186 1,186 |
| Moondance Foundation | - 26,706 26,706 |
| - 31,472 31,472 |
|
| TOTAL FUNDS | 65,401 (3,222) 62,179 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds PCC for Gwent Energy Saving Trust GAV2 BBC Children in Need Moondance Foundation Community Council Summer Scheme TOTAL FUNDS |
Incoming resources £ 214,943 39,930 - 1,500 24,648 38,683 2,506 107,267 322,210 |
Resources Movement expended in funds £ £ (249,637) (34,694) (37,570) 2,360 1,012 1,012 (1,292) 208 (23,462) 1,186 (11,977) 26,706 (2,506) - (75,795) 31,472 (325,432) (3,222) |
|---|---|---|
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continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
National Lottery Heritage Fund
Funding was received to deliver the Young People’s Oral History and Heritage Project. This initiative engaged young people in interviewing older generations about their memories and the history of the valley. The project included heritage trips and activities designed to promote youth engagement and intergenerational learning.
Pembrokeshire County Council (PCC)
Support was provided to fund youth work aimed at preventing anti-social behaviour. The funding focused on creating positive opportunities for young people and encouraging active engagement within their communities.
Paul Hamlyn Foundation
The charity received funding to strengthen youth engagement and support organisational development. This investment helped improve the charity’s capacity to deliver high-quality services and expand its reach to young people.
SYDIC (Salaries)
Funding was allocated to cover salaries directly associated with youth engagement activities. This ensured continuity of service and the ability to maintain dedicated staff for programme delivery.
BBC Children in Need
Core funding was provided to support youth engagement initiatives, as well as management and administrative functions. This funding contributed to the overall sustainability of the charity’s operations.
Moondance Foundation
Funding was received to promote youth engagement with a particular emphasis on wellbeing. This supported activities aimed at improving mental health and resilience among young people.
11. RELATED PARTY DISCLOSURES
Two of the employees of the charity are related to the Treasurer, Lesley Brunton, & recieve a salary. These relationships have been declared and managed in line with the charity’s conflict of interest policy. No additional benefits were provided.
Page 12
REGISTERED COMPANY NUMBER: 05290895 (England and Wales) REGISTERED CHARITY NUMBER: 1111138
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
SENGHENYDD YOUTH DROP IN CENTRE
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
SENGHENYDD YOUTH DROP IN CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
SENGHENYDD YOUTH DROP IN CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Introduction
The past year has been financially challenging for SYDIC. Rising core costs, increased employer tax contributions, and mandatory staff retraining requirements have placed significant pressure on our budget. Despite these obstacles, SYDIC has continued to deliver vital youth services in the Aber Valley through careful financial management and diversified funding efforts.
Financial Overview
SYDIC successfully obtained grants and contributions from the Gwent Crime Commissioner's Community Fund, which was extended for one year, as well as from the Heritage Lottery Fund, Children in Need, Comic Relief, GAVO/ABUHB Well-being Fund, Awards for All, Nisa, Co-op, and Aber Valley Community Council. These funds enabled SYDIC to maintain operations, deliver youth engagement programs, and support community safety initiatives.
Key Financial Pressures
Welsh Government legislation requiring youth workers to achieve degree-level qualifications has created significant cost implications. SYDIC estimates that 1,500 hours of paid training will be required over the next year for five staff members, alongside additional costs for backfilling roles during training periods. No funding has been allocated for retraining under current grants. Rising employer tax contributions and compliance with employment law have further increased core operating costs, while the administrative burden associated with professionalisation requirements continues to grow.
Impact on Sustainability
Current funding streams do not cover retraining or structural costs. The lack of long-term, sustainable funding threatens SYDIC's ability to maintain face-to-face youth work. Continued reliance on short-term grants creates uncertainty for staffing and service continuity.
Community Engagement and Outcomes
Despite financial challenges, SYDIC has supported 91 individual young people in need and recorded 477 youth engagements across 41 activity sessions. The organisation delivered workshops on anti-social behaviour, hate crime, and domestic abuse, facilitated heritage and cultural projects including oral history podcasts, and organised summer activities such as visits to Race Cave, escape rooms, ten-pin bowling, and St Fagans Welsh Cultural Museum. Young people also participated in refurbishing the Games Room and Coffee Bar area, strengthening their sense of ownership and community involvement.
Partnership Working
SYDIC has invested heavily in partnership and networking over the past year. This includes chairing the Aber Valley Communities Partnership, attending Aber Valley Community Planning meetings, and playing an instrumental role in establishing the new Caerphilly Youth Services Hub. The organisation has worked alongside CCBC Caerphilly Basin Youth Services in planning and training sessions and remains an active member of the Caerphilly Youth Engagement and Participation Forum, collaborating with schools, statutory, and voluntary services to improve access and quality of youth provision.
SYDIC is also a member of voluntary sector umbrella organisations including the Gwent Association for Voluntary Organisations, the Council of Wales Youth Voluntary Services, and the Wales Council for Voluntary Services. Cross-sector partnerships have been developed with business partners such as Bute Energy, Prichard's Holdings, KGJ Price Railway Contractors Ltd, ASDA, Tesco, Bond Demolitions Ltd, and GE Aerospace. These alliances provide funding opportunities, in-kind support, and strengthen SYDIC's role in community development.
Over the last twelve months, SYDIC has re-established links with local schools, churches, and community groups to build the Aber Valley Community Plan. The organisation has also helped develop the Twyn Hywel Five Communities Liaison Group in preparation for distributing Bute Energy's Community Benefit Fund, expected within two years, to create sustainable income sources for the valley.
The Future
SYDIC continues to face uncertainty in securing funds for day-to-day youth support. Current funding remains fragmented, short-term, and lacks strategic sustainability. While Welsh Government has announced plans for a new lead body for youth work, the focus appears to remain on statutory provision, raising concerns that community-based services like SYDIC may be overlooked in favor of larger regional projects.
Despite these challenges, SYDIC's strong reputation and community relationships provide hope for resilience and continuity. Our priority remains ensuring that young people in the Aber Valley have access to quality support and opportunities.
Page 1
SENGHENYDD YOUTH DROP IN CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
External Scrutiny Costs
he fee payable to the independent examiner for the year was £1,200 (2024: £400).
FINANCIAL REVIEW
Reserves policy
The reserves policy adopted by the charity is to allow total costs for one year to be kept in reserve.
The financial statements disclose a surplus of £1,112 (2024: £-4,334), the surplus on unrestricted funds was £19,245 2024:£-53,939). At the year end the charity had restricted funds of £31,472 (2024: £49,605) and unrestricted funds of £30,707 (2024: £11,462).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05290895 (England and Wales)
Registered Charity number
1111138
Registered office
The Old Caretakers House Gwern Avenue Senghenydd Caerphilly CF83 4HA
Trustees
Mrs L F Brunton Mrs J J Manship D Berry Mrs M Catterson Ms C J Bishop Ms M Chamberlain M Stretch (appointed 25.2.25)
Company Secretary
Ms A Cavanna
Independent Examiner
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Approved by order of the board of trustees on 22 December 2025 and signed on its behalf by:
Mrs L F Brunton - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SENGHENYDD YOUTH DROP IN CENTRE
Independent examiner's report to the trustees of Senghenydd Youth Drop In Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Johnathan Dight The Association of Chartered Certified Accountants
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Date: 22 December 2025
Page 3
SENGHENYDD YOUTH DROP IN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities 3 Charitable Activities 59,536 Other trading activities 2 14,096 Total 73,632 EXPENDITURE ON Raising funds 4,467 Charitable activities Charitable Activities 49,920 Total 54,387 NET INCOME/(EXPENDITURE) 19,245 RECONCILIATION OF FUNDS Total funds brought forward 11,462 TOTAL FUNDS CARRIED FORWARD 30,707 |
Restricted funds £ 107,267 - 107,267 - 125,400 125,400 (18,133) 49,605 31,472 |
2025 Total funds £ 166,803 14,096 180,899 4,467 175,320 179,787 1,112 61,067 62,179 |
2024 Total funds £ 128,156 13,155 141,311 10,212 135,433 145,645 (4,334) 65,401 61,067 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
SENGHENYDD YOUTH DROP IN CENTRE
BALANCE SHEET 31 MARCH 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Cash at bank | 31,907 | 31,472 | 63,379 | 61,467 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | Amounts falling due within one year 9 |
(1,200) | - | (1,200) | (400) | |
| NET CURRENT ASSETS | 30,707 | 31,472 | 62,179 | 61,067 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | TOTAL ASSETS LESS CURRENT LIABILITIES | 30,707 | 31,472 | 62,179 | 61,067 | |
| NET ASSETS | 30,707 | 31,472 | 62,179 | 61,067 | ||
| FUNDS | 10 | |||||
| Unrestricted funds | 30,707 | 11,462 | ||||
| Restricted funds | 31,472 | 49,605 | ||||
| TOTAL FUNDS | 62,179 | 61,067 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
-
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2025 and were signed on its behalf by:
L F Brunton - Trustee
The notes form part of these financial statements
Page 5
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether capital grants or revenue grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.Income from commissions, or fees, is recognised when earned and is deferred when received in advance.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life.
The depreciation rates in use are as follows: Fixtures and equipment - 10% on a straight line basis Computer equipment - 33.3% on a straight line basis.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Basic Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
Creditors & Accruals
Page 6
continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2. OTHER TRADING ACTIVITIES
| Sale of food Provision of services 3. INCOME FROM CHARITABLE ACTIVITIES Activity Donations Charitable Activities Grants Charitable Activities Grants received, included in the above, are as follows: PCC for Gwent GAV2 BBC Children In Need Moondance Community Council Summer Scheme Paul Hamlyn Herritage Lottery 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Independent examiners remuneration |
2025 £ 1,484 12,612 14,096 2025 £ 59,536 107,267 166,803 2025 £ 39,930 1,500 24,648 38,683 2,506 - - 107,267 2025 £ 1,200 |
2024 £ 790 12,365 13,155 2024 £ 15,414 112,742 128,156 2024 £ 29,040 10,238 - - - 33,000 40,464 112,742 2024 £ 400 |
|---|---|---|
Page 7
continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. STAFF COSTS
7.
| Wages and salaries Social security costs The average monthly number of employees during the year was as follows: Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities 128,156 Other trading activities 13,155 Total 141,311 EXPENDITURE ON Raising funds 10,212 Charitable activities Charitable Activities 185,038 Total 195,250 NET INCOME/(EXPENDITURE) (53,939) RECONCILIATION OF FUNDS Total funds brought forward 65,401 TOTAL FUNDS CARRIED FORWARD 11,462 |
2025 £ 152,136 13,071 165,207 2025 9 Restricted funds £ - - - - (49,605) (49,605) 49,605 - 49,605 |
2024 £ 122,045 5,656 127,701 2024 8 Total funds £ 128,156 13,155 141,311 10,212 135,433 145,645 (4,334) 65,401 61,067 |
||
|---|---|---|---|---|
Page 8
continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 8. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2024 and 31 March 2025 | 22,708 | 42,533 | 65,241 | |
| DEPRECIATION | ||||
| At 1 April 2024 and 31 March 2025 | 22,708 | 42,533 | 65,241 | |
| NET BOOK VALUE | ||||
| At 31 March 2025 | - | - | - | |
| At 31 March 2024 | - | - | - | |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Accrued expenses | 2025 £ 1,200 |
2024 £ 400 |
||
| 10. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.24 £ |
Net movement in funds £ |
At 31.3.25 £ |
|
| General fund | 11,462 | 19,245 | 30,707 | |
| Restricted funds | ||||
| PCC for Gwent | 2 | 2,358 | 2,360 | |
| Paul Hamlyn Foundation | 15,584 | (15,584) | - | |
| Energy Saving Trust | 1,012 | - | 1,012 | |
| Heritage Lottery | 32,208 | (32,208) | - | |
| GAV2 | 208 | - | 208 | |
| Caerphilly County Borough Council | 591 | (591) | - | |
| BBC Children in Need | - | 1,186 | 1,186 | |
| Moondance Foundation | - | 26,706 | 26,706 | |
| 49,605 | (18,133) | 31,472 | ||
| TOTAL FUNDS | 61,067 | 1,112 | 62,179 | |
Page 9
continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds PCC for Gwent Paul Hamlyn Foundation Heritage Lottery GAV2 Caerphilly County Borough Council BBC Children in Need Moondance Foundation Community Council Summer Scheme TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds PCC for Gwent Paul Hamlyn Foundation Energy Saving Trust Heritage Lottery GAV2 Caerphilly County Borough Council TOTAL FUNDS |
Incoming resources £ 73,632 39,930 - - 1,500 - 24,648 38,683 2,506 107,267 180,899 At 1.4.23 £ 65,401 - - - - - - - 65,401 |
Resources Movement expended in funds £ £ (54,387) 19,245 (37,572) 2,358 (15,584) (15,584) (32,208) (32,208) (1,500) - (591) (591) (23,462) 1,186 (11,977) 26,706 (2,506) - (125,400) (18,133) (179,787) 1,112 Net movement At in funds 31.3.24 £ £ (53,939) 11,462 2 2 15,584 15,584 1,012 1,012 32,208 32,208 208 208 591 591 49,605 49,605 (4,334) 61,067 |
|---|---|---|
Page 10
continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds PCC for Gwent Paul Hamlyn Foundation Energy Saving Trust Heritage Lottery GAV2 Caerphilly County Borough Council TOTAL FUNDS |
Incoming resources £ 141,311 - - - - - - - 141,311 |
Resources Movement expended in funds £ £ (195,250) (53,939) 2 2 15,584 15,584 1,012 1,012 32,208 32,208 208 208 591 591 49,605 49,605 (145,645) (4,334) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | Net movement At At 1.4.23 in funds 31.3.25 £ £ £ |
|---|---|
| General fund | 65,401 (34,694) 30,707 |
| Restricted funds | |
| PCC for Gwent | - 2,360 2,360 |
| Energy Saving Trust | - 1,012 1,012 |
| GAV2 | - 208 208 |
| BBC Children in Need | - 1,186 1,186 |
| Moondance Foundation | - 26,706 26,706 |
| - 31,472 31,472 |
|
| TOTAL FUNDS | 65,401 (3,222) 62,179 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds PCC for Gwent Energy Saving Trust GAV2 BBC Children in Need Moondance Foundation Community Council Summer Scheme TOTAL FUNDS |
Incoming resources £ 214,943 39,930 - 1,500 24,648 38,683 2,506 107,267 322,210 |
Resources Movement expended in funds £ £ (249,637) (34,694) (37,570) 2,360 1,012 1,012 (1,292) 208 (23,462) 1,186 (11,977) 26,706 (2,506) - (75,795) 31,472 (325,432) (3,222) |
|---|---|---|
Page 11
continued...
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
National Lottery Heritage Fund
Funding was received to deliver the Young People’s Oral History and Heritage Project. This initiative engaged young people in interviewing older generations about their memories and the history of the valley. The project included heritage trips and activities designed to promote youth engagement and intergenerational learning.
Pembrokeshire County Council (PCC)
Support was provided to fund youth work aimed at preventing anti-social behaviour. The funding focused on creating positive opportunities for young people and encouraging active engagement within their communities.
Paul Hamlyn Foundation
The charity received funding to strengthen youth engagement and support organisational development. This investment helped improve the charity’s capacity to deliver high-quality services and expand its reach to young people.
SYDIC (Salaries)
Funding was allocated to cover salaries directly associated with youth engagement activities. This ensured continuity of service and the ability to maintain dedicated staff for programme delivery.
BBC Children in Need
Core funding was provided to support youth engagement initiatives, as well as management and administrative functions. This funding contributed to the overall sustainability of the charity’s operations.
Moondance Foundation
Funding was received to promote youth engagement with a particular emphasis on wellbeing. This supported activities aimed at improving mental health and resilience among young people.
11. RELATED PARTY DISCLOSURES
Two of the employees of the charity are related to the Treasurer, Lesley Brunton, & recieve a salary. These relationships have been declared and managed in line with the charity’s conflict of interest policy. No additional benefits were provided.
Page 12
REGISTERED COMPANY NUMBER: 05290895 (England and Wales) REGISTERED CHARITY NUMBER: 1111138
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
SENGHENYDD YOUTH DROP IN CENTRE
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
SENGHENYDD YOUTH DROP IN CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
SENGHENYDD YOUTH DROP IN CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Introduction
The past year has been financially challenging for SYDIC. Rising core costs, increased employer tax contributions, and mandatory staff retraining requirements have placed significant pressure on our budget. Despite these obstacles, SYDIC has continued to deliver vital youth services in the Aber Valley through careful financial management and diversified funding efforts.
Financial Overview
SYDIC successfully obtained grants and contributions from the Gwent Crime Commissioner's Community Fund, which was extended for one year, as well as from the Heritage Lottery Fund, Children in Need, Comic Relief, GAVO/ABUHB Well-being Fund, Awards for All, Nisa, Co-op, and Aber Valley Community Council. These funds enabled SYDIC to maintain operations, deliver youth engagement programs, and support community safety initiatives.
Key Financial Pressures
Welsh Government legislation requiring youth workers to achieve degree-level qualifications has created significant cost implications. SYDIC estimates that 1,500 hours of paid training will be required over the next year for five staff members, alongside additional costs for backfilling roles during training periods. No funding has been allocated for retraining under current grants. Rising employer tax contributions and compliance with employment law have further increased core operating costs, while the administrative burden associated with professionalisation requirements continues to grow.
Impact on Sustainability
Current funding streams do not cover retraining or structural costs. The lack of long-term, sustainable funding threatens SYDIC's ability to maintain face-to-face youth work. Continued reliance on short-term grants creates uncertainty for staffing and service continuity.
Community Engagement and Outcomes
Despite financial challenges, SYDIC has supported 91 individual young people in need and recorded 477 youth engagements across 41 activity sessions. The organisation delivered workshops on anti-social behaviour, hate crime, and domestic abuse, facilitated heritage and cultural projects including oral history podcasts, and organised summer activities such as visits to Race Cave, escape rooms, ten-pin bowling, and St Fagans Welsh Cultural Museum. Young people also participated in refurbishing the Games Room and Coffee Bar area, strengthening their sense of ownership and community involvement.
Partnership Working
SYDIC has invested heavily in partnership and networking over the past year. This includes chairing the Aber Valley Communities Partnership, attending Aber Valley Community Planning meetings, and playing an instrumental role in establishing the new Caerphilly Youth Services Hub. The organisation has worked alongside CCBC Caerphilly Basin Youth Services in planning and training sessions and remains an active member of the Caerphilly Youth Engagement and Participation Forum, collaborating with schools, statutory, and voluntary services to improve access and quality of youth provision.
SYDIC is also a member of voluntary sector umbrella organisations including the Gwent Association for Voluntary Organisations, the Council of Wales Youth Voluntary Services, and the Wales Council for Voluntary Services. Cross-sector partnerships have been developed with business partners such as Bute Energy, Prichard's Holdings, KGJ Price Railway Contractors Ltd, ASDA, Tesco, Bond Demolitions Ltd, and GE Aerospace. These alliances provide funding opportunities, in-kind support, and strengthen SYDIC's role in community development.
Over the last twelve months, SYDIC has re-established links with local schools, churches, and community groups to build the Aber Valley Community Plan. The organisation has also helped develop the Twyn Hywel Five Communities Liaison Group in preparation for distributing Bute Energy's Community Benefit Fund, expected within two years, to create sustainable income sources for the valley.
The Future
SYDIC continues to face uncertainty in securing funds for day-to-day youth support. Current funding remains fragmented, short-term, and lacks strategic sustainability. While Welsh Government has announced plans for a new lead body for youth work, the focus appears to remain on statutory provision, raising concerns that community-based services like SYDIC may be overlooked in favor of larger regional projects.
Despite these challenges, SYDIC's strong reputation and community relationships provide hope for resilience and continuity. Our priority remains ensuring that young people in the Aber Valley have access to quality support and opportunities.
Page 1
SENGHENYDD YOUTH DROP IN CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
External Scrutiny Costs
he fee payable to the independent examiner for the year was £1,200 (2024: £400).
FINANCIAL REVIEW
Reserves policy
The reserves policy adopted by the charity is to allow total costs for one year to be kept in reserve.
The financial statements disclose a surplus of £1,112 (2024: £-4,334), the surplus on unrestricted funds was £19,245 2024:£-53,939). At the year end the charity had restricted funds of £31,472 (2024: £49,605) and unrestricted funds of £30,707 (2024: £11,462).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05290895 (England and Wales)
Registered Charity number
1111138
Registered office
The Old Caretakers House Gwern Avenue Senghenydd Caerphilly CF83 4HA
Trustees
Mrs L F Brunton Mrs J J Manship D Berry Mrs M Catterson Ms C J Bishop Ms M Chamberlain M Stretch (appointed 25.2.25)
Company Secretary
Ms A Cavanna
Independent Examiner
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Approved by order of the board of trustees on 22 December 2025 and signed on its behalf by:
Mrs L F Brunton - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SENGHENYDD YOUTH DROP IN CENTRE
Independent examiner's report to the trustees of Senghenydd Youth Drop In Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Johnathan Dight The Association of Chartered Certified Accountants
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Date: 22 December 2025
Page 3
SENGHENYDD YOUTH DROP IN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities 3 Charitable Activities 59,536 Other trading activities 2 14,096 Total 73,632 EXPENDITURE ON Raising funds 4,467 Charitable activities Charitable Activities 49,920 Total 54,387 NET INCOME/(EXPENDITURE) 19,245 RECONCILIATION OF FUNDS Total funds brought forward 11,462 TOTAL FUNDS CARRIED FORWARD 30,707 |
Restricted funds £ 107,267 - 107,267 - 125,400 125,400 (18,133) 49,605 31,472 |
2025 Total funds £ 166,803 14,096 180,899 4,467 175,320 179,787 1,112 61,067 62,179 |
2024 Total funds £ 128,156 13,155 141,311 10,212 135,433 145,645 (4,334) 65,401 61,067 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
SENGHENYDD YOUTH DROP IN CENTRE
BALANCE SHEET 31 MARCH 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Cash at bank | 31,907 | 31,472 | 63,379 | 61,467 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | Amounts falling due within one year 9 |
(1,200) | - | (1,200) | (400) | |
| NET CURRENT ASSETS | 30,707 | 31,472 | 62,179 | 61,067 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | TOTAL ASSETS LESS CURRENT LIABILITIES | 30,707 | 31,472 | 62,179 | 61,067 | |
| NET ASSETS | 30,707 | 31,472 | 62,179 | 61,067 | ||
| FUNDS | 10 | |||||
| Unrestricted funds | 30,707 | 11,462 | ||||
| Restricted funds | 31,472 | 49,605 | ||||
| TOTAL FUNDS | 62,179 | 61,067 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
-
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2025 and were signed on its behalf by:
L F Brunton - Trustee
The notes form part of these financial statements
Page 5
SENGHENYDD YOUTH DROP IN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether capital grants or revenue grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.Income from commissions, or fees, is recognised when earned and is deferred when received in advance.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life.
The depreciation rates in use are as follows: Fixtures and equipment - 10% on a straight line basis Computer equipment - 33.3% on a straight line basis.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Basic Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
Creditors & Accruals
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2. OTHER TRADING ACTIVITIES
| Sale of food Provision of services 3. INCOME FROM CHARITABLE ACTIVITIES Activity Donations Charitable Activities Grants Charitable Activities Grants received, included in the above, are as follows: PCC for Gwent GAV2 BBC Children In Need Moondance Community Council Summer Scheme Paul Hamlyn Herritage Lottery 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Independent examiners remuneration |
2025 £ 1,484 12,612 14,096 2025 £ 59,536 107,267 166,803 2025 £ 39,930 1,500 24,648 38,683 2,506 - - 107,267 2025 £ 1,200 |
2024 £ 790 12,365 13,155 2024 £ 15,414 112,742 128,156 2024 £ 29,040 10,238 - - - 33,000 40,464 112,742 2024 £ 400 |
|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. STAFF COSTS
7.
| Wages and salaries Social security costs The average monthly number of employees during the year was as follows: Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities 128,156 Other trading activities 13,155 Total 141,311 EXPENDITURE ON Raising funds 10,212 Charitable activities Charitable Activities 185,038 Total 195,250 NET INCOME/(EXPENDITURE) (53,939) RECONCILIATION OF FUNDS Total funds brought forward 65,401 TOTAL FUNDS CARRIED FORWARD 11,462 |
2025 £ 152,136 13,071 165,207 2025 9 Restricted funds £ - - - - (49,605) (49,605) 49,605 - 49,605 |
2024 £ 122,045 5,656 127,701 2024 8 Total funds £ 128,156 13,155 141,311 10,212 135,433 145,645 (4,334) 65,401 61,067 |
||
|---|---|---|---|---|
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| 8. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2024 and 31 March 2025 | 22,708 | 42,533 | 65,241 | |
| DEPRECIATION | ||||
| At 1 April 2024 and 31 March 2025 | 22,708 | 42,533 | 65,241 | |
| NET BOOK VALUE | ||||
| At 31 March 2025 | - | - | - | |
| At 31 March 2024 | - | - | - | |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Accrued expenses | 2025 £ 1,200 |
2024 £ 400 |
||
| 10. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.24 £ |
Net movement in funds £ |
At 31.3.25 £ |
|
| General fund | 11,462 | 19,245 | 30,707 | |
| Restricted funds | ||||
| PCC for Gwent | 2 | 2,358 | 2,360 | |
| Paul Hamlyn Foundation | 15,584 | (15,584) | - | |
| Energy Saving Trust | 1,012 | - | 1,012 | |
| Heritage Lottery | 32,208 | (32,208) | - | |
| GAV2 | 208 | - | 208 | |
| Caerphilly County Borough Council | 591 | (591) | - | |
| BBC Children in Need | - | 1,186 | 1,186 | |
| Moondance Foundation | - | 26,706 | 26,706 | |
| 49,605 | (18,133) | 31,472 | ||
| TOTAL FUNDS | 61,067 | 1,112 | 62,179 | |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds PCC for Gwent Paul Hamlyn Foundation Heritage Lottery GAV2 Caerphilly County Borough Council BBC Children in Need Moondance Foundation Community Council Summer Scheme TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds PCC for Gwent Paul Hamlyn Foundation Energy Saving Trust Heritage Lottery GAV2 Caerphilly County Borough Council TOTAL FUNDS |
Incoming resources £ 73,632 39,930 - - 1,500 - 24,648 38,683 2,506 107,267 180,899 At 1.4.23 £ 65,401 - - - - - - - 65,401 |
Resources Movement expended in funds £ £ (54,387) 19,245 (37,572) 2,358 (15,584) (15,584) (32,208) (32,208) (1,500) - (591) (591) (23,462) 1,186 (11,977) 26,706 (2,506) - (125,400) (18,133) (179,787) 1,112 Net movement At in funds 31.3.24 £ £ (53,939) 11,462 2 2 15,584 15,584 1,012 1,012 32,208 32,208 208 208 591 591 49,605 49,605 (4,334) 61,067 |
|---|---|---|
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10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds PCC for Gwent Paul Hamlyn Foundation Energy Saving Trust Heritage Lottery GAV2 Caerphilly County Borough Council TOTAL FUNDS |
Incoming resources £ 141,311 - - - - - - - 141,311 |
Resources Movement expended in funds £ £ (195,250) (53,939) 2 2 15,584 15,584 1,012 1,012 32,208 32,208 208 208 591 591 49,605 49,605 (145,645) (4,334) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | Net movement At At 1.4.23 in funds 31.3.25 £ £ £ |
|---|---|
| General fund | 65,401 (34,694) 30,707 |
| Restricted funds | |
| PCC for Gwent | - 2,360 2,360 |
| Energy Saving Trust | - 1,012 1,012 |
| GAV2 | - 208 208 |
| BBC Children in Need | - 1,186 1,186 |
| Moondance Foundation | - 26,706 26,706 |
| - 31,472 31,472 |
|
| TOTAL FUNDS | 65,401 (3,222) 62,179 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds PCC for Gwent Energy Saving Trust GAV2 BBC Children in Need Moondance Foundation Community Council Summer Scheme TOTAL FUNDS |
Incoming resources £ 214,943 39,930 - 1,500 24,648 38,683 2,506 107,267 322,210 |
Resources Movement expended in funds £ £ (249,637) (34,694) (37,570) 2,360 1,012 1,012 (1,292) 208 (23,462) 1,186 (11,977) 26,706 (2,506) - (75,795) 31,472 (325,432) (3,222) |
|---|---|---|
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10. MOVEMENT IN FUNDS - continued
National Lottery Heritage Fund
Funding was received to deliver the Young People’s Oral History and Heritage Project. This initiative engaged young people in interviewing older generations about their memories and the history of the valley. The project included heritage trips and activities designed to promote youth engagement and intergenerational learning.
Pembrokeshire County Council (PCC)
Support was provided to fund youth work aimed at preventing anti-social behaviour. The funding focused on creating positive opportunities for young people and encouraging active engagement within their communities.
Paul Hamlyn Foundation
The charity received funding to strengthen youth engagement and support organisational development. This investment helped improve the charity’s capacity to deliver high-quality services and expand its reach to young people.
SYDIC (Salaries)
Funding was allocated to cover salaries directly associated with youth engagement activities. This ensured continuity of service and the ability to maintain dedicated staff for programme delivery.
BBC Children in Need
Core funding was provided to support youth engagement initiatives, as well as management and administrative functions. This funding contributed to the overall sustainability of the charity’s operations.
Moondance Foundation
Funding was received to promote youth engagement with a particular emphasis on wellbeing. This supported activities aimed at improving mental health and resilience among young people.
11. RELATED PARTY DISCLOSURES
Two of the employees of the charity are related to the Treasurer, Lesley Brunton, & recieve a salary. These relationships have been declared and managed in line with the charity’s conflict of interest policy. No additional benefits were provided.
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