Regwtered Clwlty Nullther 1122532 Company Rw3tered Number 06141902 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CATHAYS & CENfiL4L YoirrH AND COMMUNITY PROJECT TRUSTEES REPORT YEAR ENDED 31 MARCH 2024 The trustees present their report and the unaudited financial statements of the charity ft*r the year ended 31 March 2024. LAL STATUS Cathays & Centr21 Youth And Community Project was fornied in March 2007. The is a registered charity limited by guarantee. Re8iSter¢d Charity Number 1122532 Company Registered Number 06141902 OBJEcfwES OFTHE CHARrrY The company is 8ov¢rned by a memorandum and articles of aswciation. The principal object of the company is to promote the benefits of the inhabitants pRdominately of the adminislrative wards known as Cathays and Cenknl in th¢ City of Cardiff and the neighbourhood without distinction of sex or of political, rnligious or other Opinio by associating the local authorities, voluntsry or8anlsation and inhabitants in a common effort to advan education and to provide fa¢ilities in the interest of social welfar¢ for recreation and l•isur¢ tinw 0upatIon with the obje¢t of improvin8 the lives of the said inhabitants. The charity is or8anised so that th¢ Board meet regularly to manage its ti1r5. There are fvll time employe4 who mana8e the day to day adminislration of the charity and fvrther its objective& REWEWOF DEVELOPMENTS AcTrIs ANDAcHIEVEMENrs The growth of the charlty has contlnued wlth Income recorded at the end of the flnanclal year AprH Ilt 2024 of £966,792 and expendlture of £895,007. Thts left us wlth a surplus of £70,995 over the year and £291,920 In the bank. We contlnue to re-lnvest unrestrftted surplus Into Improvlng the bulldln& rfrenfordng the staff team and Identlfyln8 where we can support the needs of the communlty through Investment In servlces. The staff team accordlngly contlnues to 8row too wlth approxlmatsty 117 actlve employees now on the payroll and an Increase of our charfty membershlp up to 210 re8lstered supporters. As we get towards the tall end of 2024 It has been another year of new arrfvals and sad departures both wlthln the staff team, trustees and re8ular customers. We were shocked and saddened at two sudden deaths, Dan BaBgot who was a popular day provlslon member {who had only Just played a starrlng role in thelr fantssttc produrtlon of Under Mllk W¢)od), and Ruth Watmal who had been a promlnent mernber of our re8ular Loveworld church bookln8 who attend the Centre every Sunday and Wednesdav. It always &id to see staff leave too and thls year we have seen a few, most notabty Abdulmujlb Yahaya who stepped down from hls role of Covordlnatlng our Monday, Thursday and Outreach evenln8 Youth provlslons. Thls Is on the back of managlng another successful Maltland Park festival (our fourth) In the Summer and after his first vear of runnin8 an after-school club In conjunctlon with St Monlca's Prlmary. The Festlval thls year featured a new costumed parade and perforniance together wlth the usual stslls, football match v the pollce, bounty castle, food and drlnk and musk. Our longest 5ervlng employee- Debble Davies- also rdn her last Summer Holldays Inclusfve Youth Project as she set her retlrement date for June 2025. The provision was a roarlng success a8aln over three sltss as we used the old Dalton Street Day Centre and Maltland Park as additional bases. The project now runs Pretty much 13 weeks of the year outside of school term time and hosts up to 40/50 youn8 people a day with over 30 staff.
CATHAYS & CENfRAL YOUTh AND COMMUN PROJECT TRusfEES REPORT (coKfiNUED) YEAR ENDED 31 MARCH 2024 We have seen plenty of additions thls year though wlth new leaders in the follow1- Comrnunlty Support, Outreath and Thursday Youth aubs wlth Ean Kershaw. Flnance- Gaurdv Pandey. Music Projects and Monday Youth aub - Tyrone Warner. Health & 5afety- Paul Cross ma1nteftan- Mal Warren, Volunteering- Gemma Davles The have been a host of other new staff with some of these roles comlng as a result of our biggest grant award to date- from the 818 Lottery whkh Is provid[ fvndl of £233.OIXI over three years for staffing as we have looked to develop 0urgovernan. publlclty, networking and Internal InfrastnKture. Our Day Provision and Community Support prograrnmes continue to thrive wlth an increase in members and actfvities. se are now fimly estsbli5Fpd as our core 52 weeks a year service for youre people and adults wlth addltlonal need& Other projects suth as Impact LG8T Youthdub. Monday ALN Youthclub. Memory Lane Dementla Group, and our Coffee morni keep providing support for their members. We also saw some new projects In Summer Gardening club arKI a Communlty thchen project where young people made food for our ongoing Cornmunity Fridge. We contlnue to host a raft of regular groups. rangtng from the splrltual. to the pofitical, together with student societies, language dasses. yoga, dan, martial arts. gaming eta One of our new additlons thls year are weekly rehearsals for the Cardlff Vldeo Game Orthth. We 5tlll continue to host events on the weekends too, ranging from Chlldren's birthday partles, hen party activit religious events. muslc performances arKI wrestling etc. A blg shout out to all our Cleankng team. Duty Managers HR, finan. Health and Safety, Publlcity. IT tsams and ather admin for keeplng the wAle machine ticking ak>ngl Thi5 year we have seen the continued development of the bulkllng with WO contlnuing upgrading the men's tollets, which should be completed by the end of the Autumn. We received a grant that enabled us to purchase and Instsll Improved windows and insulated lling tsks. We atso completed work on renovating Studio 2 Into a more a(SSIble. comfortable and multi-furthnir spa. More recently we received fvndlng to renovate the space in the entrance area to the Bingo Hall, to put on a new roof on the bln store. and to Irthii slgnage and Ilghtlng on the front of the building and garden. Together with our Maitland Park Festival we continued to host regular events Including our AGM In December and Community open days In Spring and September. The Sprlng event also acted as a fundraiser for supportlng the recovery of We saw performances from our Maintenance Manager- Mal's wlfe Sharon who was seriousty injured In a hlt and run trdfflc Inddent. Miraculousty she has shown an Incredible recovery. Our Day Provlslon group Includlng their now annual cabaret showcase In late November. The IMPAcf group took part in the Pride Event procession and hosted an Info stall over the weekend. We also saw the SucsSfUl return of the Cathays Fair based on the school sites at the top of Cathays Terrace in whith we ran two perforniance Stsges as part of a really enjoyable dav. Following on from last year. where we were fortunate eno) to be beqUeatTrd a house owned by our long-time manager Jon Wilson. We are now in the process of selling the house with all eventual prOedS being eamiarked towards developln8 our Youth Music programme. All in all, st has been another sucossful ar a5 we continue to work hard to deliver a vibrant happy Cornmunity Centre here in Cathays. Another year of growth and development as we strfve towards a sustainable future and community. A big thank you to all our trustees. staff. volunteer5, members and service users ft)r making the Centre such a special place.
CATHAYS & CENniAL YOUTH AND COMMUNTTY PROJECT TRUSTEES REPORT YEAR ENDED 31 MARCH 2024 Isobel Sweet (Treasurer) leuan Bater (Chalrl 8ethan Wllllams (Vlce Chalr) Rhlannon Mc Namarn (Safe8uardln8) Khalld Awad-Khan Slmon Murray Joe Semmens appolnted 1316124 and reslgned IV9n4 All Ahmed resl8ned 1719124 Nomia Mackle appolnted 1719124
CATHAYS & CENnlAL YoirrH AND COMhfUMTh PROJEcr REPORT to the members ofCATHAYS & CENTRAL YoirrH & COMMIJNT PROJEcr ON Accouwfs FOR ThE YEAR ENDED 31 hlARCH 2024 I report on the accounts of the charity for the year ended 31 Mar¢h 2024 set out on pages 5 to l O Regpeelfve Rwon81bllllk8 of Tru•tees and EMIner The charity's trustee8 (who are also directors of CATHAYS & CENTRAL YoirrH AND COMMLfNrrY PROJECT for the purpose of company law) are responsible for the prerArntion of the accounts. The charity's trustees con5id¢r that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act) (as amended by section 28 of the Clwities Act 2006) ond that an independent examination is needed. Havin8 satisfied myself that the Cknity is not subject to a[t undff wmpany law and 1$ eliBible for independent examinatio it is my responsibilty to: examine the a¢¢ounts (under section 43(3Xa) of the 1993 ACL as amendfj: to follow the procedures laid down in the CKn¢rnl DIrtionS given by the Charity Commission (under section 43(7Xb) of the 1993 Ac( &8 amended) and My examination was Carri out in xe0rdat with the CAwal Direclions given by the Charity Commission. An examination includ¢8 a review of the accounting reIdS kept by the charity and a Comparison of the accounts presented with those record& It also Includ ¢onsiderntion of any unuwal items or disclosures in the aount4 and seeking explanations from you as trustees concernin8 any matter& The procedures undertaken do not provide all the evidence that would be r4uired in an audic and consequently I do not express an audit opinion on wheth Indep¢nd¢nt Examlnthy SIAtement In Connection with my examinAtio no matter has come to my attention: (i) which gives me reasonable v8¢ to believe that in any Materi res• the tnutees have not met the requInents to ensure that: proper acCoUA8 records are kept (in x¢ordance with section 221 of the Companies Act 1985): and accounts are prepared which with the accounting re¢ord& Comply with the acwuntin8 requiremertts of section 226(A) of the Compani&s Act 1985 and with the methods and principles of the Statenmt of Recommended Practice: A¢¢ountin8 and R¢portin8 by Charitie4' (2) to whi¢K in my Opinio attention shId be drawn in order to enable a proper understanding of th¢ accounts to b¢ reached. LS.Coben FCA lodependent Examiner Cordoo Down & Company Accountsuts Temple COU 138 Cathedral Road Cgrdiff CFS IJB
The trustees (who are al80 the dire¢thrn of CCYCP fty the of Qompmy law) rewMibl¢ for weprln8 Stats whth applicable UK Standards hrn b¢¢0 folloThrf bjt to any material d¢portsw The trust are responsible f keepin8 pn)pff accouutins rewrds that di8¢108e with r¢axMMblo ¢UrY at aDy comply wlth the Con)pani¢s Act 1985. The trUstS are also r¢sponsible for ill8 the assets of the fNDEPENDENr ExAhllNER A resolution to rwpoint Gordon tknwn & Compw Umitsl as Inthprthrt examiner for the enSull year will b• on behalf of the charity's ttwrtees..
CATHAYS & c£KfRAL YOUTH AND COMMUNrrY PROJECT srATEMEiYf OF FIPIANCIAL ACTivrriLS (itteorpornting the Ineome alld expertdlttyr¢ aecollnl) FOR THE YEAR ENDED 31sr MARCH 2024 Total Tot•1 Not Funds Funds 2024 2023 IRcomth8 R¢ree1 Volunlary In¢ome Chritsble Activities Totsl Ineomlng Resourc 7,984 699.792 707.776 258226 266.210 699.792 966.002 219,032 540202 759235 258226 Raoureeg Expended Governance Costs Charitable Aciivities Total Rwwr¢¢s Expended 4.145 705.736 709.881 4.145 890.862 895.007 3,209 r26281 729.490 185.125 185.125 Net (Qutgolnwe0Q8 re*)urets for the year and o¢t In¢omd(expeDditure) for the year Fund$ br•oght forward Funds canled forward -1106 233.873 231,767 73,101 17.582 90.683 70.995 251.455 322,450 233A73 17.582 25 1.455 The Slatement of FiMn¢thl Artivities includes atl ganL% and tosses recogniseA in tt¢ yw.
CATHAYS & CENfRAL YoirrH AND COMMUNrrY PROJECT BALANCE SHEZT AS AT 31ST MARCH 2024 43.957 292338 336.193 13.745 89.854 179.851 269.705 18250 Cr¢dltors: Amoonts fAUlas du• wlthln ooe > Nel Curr•nt Alxts 321450 322.450 251.455 251.455 Totsl Awts14M Currnit UbHItI N•t Anets 321450 251.455 231.767 90,683 321450 233,873 17.582 251.455 ¥e¢ti¢n 477 of th• Companies Act 2000 and th8t the hv¢ not IV4uir¢d ts cOMpY to obtsin th ludit in a¢¢ordth¢¢ with sectl¢)n 476 of the ACL The dirKtors acknowledy th•ir rw0nsl ilities for complyin8 with the rwuirements of the CompJmi¢s Act 2006 with Aa 2006 re4Ject to appli1 reeords the prnpwatTh of eoun The financi hav4 be prywed in 8c¢ordrn wlth the pmvtsl¢)ns in Part I S of the CompAnies Act 2006 Applible to MpAnieS subix% to the Im1 ¢ompfynies' re8iffl 14lio/.z And ue Sied ¢)n their behalf by. Mr l¢uan Bthr Trustee The no¢e5 oa pages 9 to IJ forn an inteerl p*rt Dr those Ilnancial statements
AS AT31 IIIARCH 2024 ZLfrI.lo/.4......................... The Dot¢8 on pa841 9 to 13 form QD IDtrgrnl part of the* knnelal ¥tatsme
CATIIAYS & CEThAL YOUTh AND COmhftrry PR¢JIEcr FOR ThE YEAR ENDED 31 MARCH 2024 l. AceollRtl pollckg Basts ofac¢Ol8- The financi ststem¢nts have be prepared under the historical cost eonventioN and in lerd&e with the Financial Repffiin8 Stsndard for Smalkr Compwnies (effective Janw 2007). the Cthnpani¢s Act 1985 and follow the rt¢omm¢ndationJ in 'Ac¢ountin8 and Reportin8 by Ch4ritia': Statement of Recommended fkom IludIng a ¢osh tlow staternt ¢)n the ndS the compmy is snalL IN¢omth8 rao4rces- All in¢¢)min8 resou Irt recwll refv and when all ¢onditions for rteeipt IMv¢ bean No wxndlture hu been netted off Inc118 rexxr¢ts In the Stsment of Financiil Actlvitiu. RuoMr¢es wd4d- costs of ¥tlvities in fithe of the Chty's objects represent th05¢ sts IUrr dirrfrfy in conne¢tion with charitable activities. Mt and adrninistration costs ¢omprlse cosrs a$80¢iat¢d with mana8lng Ind adrninistwin8 the chuity and includ¢ an appropri apwtionmt of 0elds. Str&dre- unrestri fun& are Ihose available for 8eDu81 by the (•rity. Du[81ed fvnds uftrestricted fid$ which hive b¢¢n s¢t uide by the Tnoes for specitk purpLW. Restrlcted fijnds are those where th¢ donor h•s Imposed restrial on tltr ux. The natsre Purp of is Mt in Iiot¢ 9.
CATHAYS & CENTKIL YOiryH AND COMMUP4TrrY PROACT r40TSSTOTH£ FINANCIALSTATEMEprrs{corfflNue FOR THE YEAR ENDED JisfMARCH Z Art¥trAtI GKANT 3JO fj46 41957 41957 4A74 BBccfNISo#knlPMk W4#11•211AI low) sLi80 45.0th1 41000 IS.974 15220 13320 7393 9JXI 7.589 7.104 12.420 11420 4.140 iomi 914 914 10.7JO io.rn) 10.000 10.w 10.ffKJ YMCA 1910&MdGwir 35.IXThI 35.000 35m) YSGEqwfjty& Dl*l]AANr 20.ooo zo,ofK) 255.973 255.9n 219.032 Charlthble AeiiTrities 707.756 707.756 540202 707.756 S41J.202 T9th1 In¢omlng Rttottre 707.756 255.91J 759.134
CATHAYS & CENTRAL YoifTH AND COMMUNnTY PROJECT NOTES TO THE FINANCIAL STATEMzKrs (coKnNUED) FOR THE YEAR ENDED 31sr MARCH 2024 3 EXoded T•lal T•ll Funds 2023 Proknlonal F¢es 4,145 4.145 4,145 4.145 3209 T•)tsl Govwuane• Co Cost ofcbarhble Aedv MaJag•mqnt Aod Admlnlthd•n Colts Stafflng Colts PayToII ¢0 576,126 576.126 134,666 134.666 710.793 710.793 580.973 580.973 Rent and wat¢r 3J34 9,013 29J07 41.654 JJ34 16.413 41J88 61.135 3J17 14148 25.172 43J37 H¢4¢ &11 Buildin8 M•int¢nan¢¢ 12.081 19.481 C•Denl Admlnl#rgdv• Exp•n Materlals lJ18 4314 871 Printin& Po* & TtiOnNY Telephon¢ 4J79 856 4J79 856 6JOS 288 6JOS 3.526 635 Bank Chtr8eJ 27J69 39J97 29.166 29,166 J6.735 68,763 91.408 101,971 Total Cort of CbavttAble Ae¢Md 657J77 183J13 840.690 726.281 Totsl Raourca Expqnded 661522 183,313 844,835 n9,490
NOTES TO THE FINANCIAL STATEMENTS (coiYrir4vED) FOR THE YLIR ENDED 31sr MARCH 2024 2023 975 1311 017 Nest pewl•n IJ 1.740 10.093 15J23 18250 S PAym•ttts to Tru¢J 6 stsff Numbws 705J67 580.973 calculad OD the knis of lknll lime quivalenty was 77 7 Analysls of Plet Assets Betwern Fuods Net Current CurTeDt 161.rn 16Q658 321450 233.8T2 17,582 251.454 8 Fund Balaneos t 311t1312023 Movettwtst MovemeAI 2Jl.766 90.684 321450 233.m 17.582 251.454 -1106 73.102 Tolal Clwity F
FOR Th£ YEAR Er4DED31*1ACH 1014 7.LX) 7J0&48 4JA46 787JS 717. 4J7& 45&n 71 IAS 7n27 777 7J89 7J89.IVJ (09Tr.41 91U2 n9 (QSlJ7 35A¥JO 16M83 255.m28 194J7JJ4 ,76zn