REGISTERED CHARITY NUMBER: 1123339
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR
KPC YOUTH & COMMUNITY
Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
KPC YOUTH & COMMUNITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
Page
Chairman's Report 1 Report of the Trustees 2 to 4 Independent Examiner's Report 5 Statement
of Financial Activities 6 Balance Sheet 7 to 8 Notes to the Financial Statements 9 to 20 Detailed
Statement of Financial Activities 21 to 22
KPC YOUTH & COMMUNITY
CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
This past year has seen KPC re-open activities to pre-COVID operations. Unfortunately, for a third year running theopportunities of raising income through external fundraising such as our Golf Day have not taken place. However, wewere successful in wining some small grants from BCBC under their Youth Support Grant Fund (YSG) which has meant that we have been able to put towards the opening of one evening per week. However, we have started to work withBCBC's Youth Offending Team and YBC on some room rental and staff hours for daytime delivery, which has helpedwith our income. Our dedicated staff team are working tirelessly to assist young people and we as a board are continuingto explore options for the long-term future of the charity.
The numbers attending our sessions in all ages groups has remained stable and there has been a range of activitiesoffered via other small grants/funding. However, we have still yet to secure a longer grant awards (e.g. Childrenin Needwas a 3 year award), which places the charity at risk with their opening sessions we can deliver. Funding for staff andoverheads remains the key challenge for the charity. Identifying opportunities to raise income and secure successful grant awards will remain a key priority for the Board and staff in the year ahead.
Our Impact Report provides greater details of the work we have been undertaking throughout the year. In addition, ourstaff team were successful in securing funding for a range of new items and grants e.g. outdoor gym equipment, refurbishment of skittle alley, outdoor play equipment. We were grateful to receive funding fromthe Pyle CommunityCouncil which has enabled us to open one evening for week and an award from the Moondance Foundation which hassupported operations for two evenings per week. Again, without this funding, we would not have been able to open forthe children and young people.
Page 1
KPC YOUTH & COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report withthe financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions ofAccounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing theiraccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective 1 January 2019).
The trustee report includes the directors' report as required by company law.
OBJECTIVES AND ACTIVITIES
Objectives and aims
KPC Youth was set up in 1998 in answer to the lack of facilities for young people within the socially disadvantagedCynffig Community of South Wales.
KPC's objectives are:
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to help and educate young people through leisure time activities so that they may develop their physical, mental andspiritual capacities, that they may grow to full maturity as individuals and members of society and so that theirconditions of life may be improved.
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to advance the education of young people within the Cynffig and wider area of the Borough of Bridgend andsurrounds, in particular but not exclusively, through the provision of training
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to promote, preserve and protect the health and relieve the needs of young people by the provision of such support asthe directors may from time to time determine.
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the prevention of youth crime, drug and alcohol misuse, within the Cynffig area and wider area of the borough ofBridgend and surrounds, by the provision of a wide range of diversionary activities, advice, information and support foryoung people.
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to develop the capacity and skills of the members of the socially and economically disadvantaged community ofCynffig and wider area of the Borough of Bridgend and surrounds, in such a way they are better able to identify, andhelp meet, their needs and to participate more fully society though training and support.
Public benefit
The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitableaims that meet the public benefit requirement and are therefore charitable. The Trustees confirmthat they have hadregard to the Charity Commission's guidance on public benefit and comply with s17 Charities Act 2011 in respect ofhaving due regard to public benefit when considering, planning and implementing the activities of the charity.
FINANCIAL REVIEW
Financial position
During the year, KPC suffered a deficit of £20,751 (2022: Deficit £2,761). The trustees and staff are aware of thissituation and every attempt will be made to reverse the position in future years through sourcing new income and careful cost control.
All expenditure has however supported the organisations key objectives.
Total incoming resources for the year were £107,681 (2022: £119,684).
As 2022/23 begins, the charity has been able to restart all aspects of operations, but with the challenge of sourcingincome to deliver our open access youth work and cover our overheads. This is a significant test for the charity. The lossof long serving senior staff, has naturally created an added pressure and also tested the trustees.
Investment policy and objectives
The Board regards secure investment of the reserves as being of primary importance rather than the level of the incomegenerated from them. No one facility holds more than £85,000 which is within the guaranteed banking secured values.
Page 2
KPC YOUTH & COMMUNITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
FINANCIAL REVIEW
Reserves policy
The investments and net current assets of £184,569 (2022: £175,297) currently cover the running expenses of £98,179(2022: £122,445) by approximately 22.6 months (2022: 17.2 months).
With the current level of reserves, it is not anticipated that the charity will breach the charity's reserve policy of holdingat least 6 months expenditure in cash or cash equivalents in the short term but income and expenditure will haveto beclosely monitored. The trustees are addressing the challenges that face the charity and are working to determine thefuture strategic direction.
During 2023, 6 months expenditure equates to £49,090. Free Reserves as at 31st March 2023 were £149,717. Cash andcash equivalents as at 31st March 2023 are £64,266.
FUTURE PLANS
The landscape of funding has changed considerably, with less funding available and more competition in applications. As the cost-ofliving challenge continues, we can see that this continues to impact our fundraising activities. KPC boardis continuing to explore options such as the Shared Prosperity Fund and opportunities for better collaboration with otherpartners or organisations. Once again, the board has another challenging year ahead.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited byguarantee, as defined by the Companies Act 2006.
The company is governed by its memorandum and articles od association dated 13th March 2007 as amendedon 14thJanuary 2008 and 2nd December 2014.
Recruitment and appointment of new trustees
Three members of the board of directors shall be subject to election or re-election at the Annual General Meetingof thecharity. Training is provided to each director as part of an initial induction and, if felt necessary, on an ad hoc basisduring their time as directors of the charity.
Decision making
The charity is organised and policy implemented through the board of directors who meet, at least, quarterly. The project manager and senior youth workers attend the executive management meetings to represent the employees' views, inrelation to the charity's progress, to the board.
Election of The Board
Three members of the board of directors shall be subject to election or re-election at the Annual General Meetingof thecharity. Training is provided to each director as part of an initial induction and, if felt necessary, on an ad hoc basisduring their time as directors of the charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriatecontrols are in place to provide reasonable assurance against fraud and error.
The charity has designed a series of policies in order to ensure all risks are addressed and operations managedin anefficient manner. There is a rolling programme of review of these policies to ensure that they are all maintained in-linewith current operations and regularly reviewed in light of the changing operational and statutory environment.
Environment
The board of directors and employees of KPC Youth, endeavour to reduce the impact of the operation upon theenvironment and policies have been drawn up to achieve this.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06247822 (England and Wales)
Page 3
KPC YOUTH & COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Registered Charity number
1123339
Registered office
Off Pyle Inn Way Pyle Bridgend CF33 6AB
Trustees
P E Lunnon - Chair C J Best (resigned 1.11.22) S J Cook (resigned 6.7.22) R G Wallen E P Williams A Hughes (appointed 6.7.22)
Sharon Palmer - Day to day operations manager
Company Secretary
E P Williams
Independent Examiner
RICHARD IAN KNOYLE ACA FCCA Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
Approved by order of the board of trustees on 31 August 2023 and signed on its behalf by: P E Lunnon
- Trustee
Page 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KPC YOUTH &
COMMUNITY
Independent examiner's report to the trustees of KPC Youth & Community ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
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 forthe 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 carriedout under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed theDirections 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 theexamination giving me cause to believe:
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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
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than anyrequirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement ofRecommended Practice for accounting and reporting by charities (applicable to charities preparing their accountsin 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 shouldbe drawn in this report in order to enable a proper understanding of the accounts to be reached.
RICHARD IAN KNOYLE ACA FCCA
Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
31 August 2023
Page 5
KPC YOUTH & COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
2023 2022 Unrestricted Restricted Total Total
funds funds funds funds Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 8,533 68,804 77,337 86,855
Other trading activities 3 14,417 - 14,417 13,971Investment income 4 1,321 - 1,321 1,951Other income 14,026 580 14,606 16,907
Total 38,297 69,384 107,681 119,684
EXPENDITURE ON
Raising funds 6,049 - 6,049 3,808
Charitable activities
Youth & Community Activities 53,397 38,733 92,130 118,637 Total 59,446 38,733 98,179 122,445
NET INCOME/(EXPENDITURE) (21,149) 30,651 9,502 (2,761) Transfers between funds 15 398 (398) - -
Net movement in funds (20,751) 30,253 9,502 (2,761)
RECONCILIATION OF FUNDS
Total funds brought forward 279,247 18,503 297,750 300,511 TOTAL FUNDS CARRIED FORWARD 258,496 48,756 307,252
297,750
The notes form part of these financial statements
Page 6
KPC YOUTH & COMMUNITY
BALANCE SHEET
31 MARCH 2023
2023 2022 Notes £ £
FIXED ASSETS
Tangible assets 10 122,683 122,453
Debtors 11 7,084 3,032Cash at bank and in hand 192,164 178,510
199,248 181,542
CURRENT ASSETS
CREDITORS
Amounts falling due within one year 12 (14,679) (6,245) NET CURRENT ASSETS 184,569 175,297
TOTAL ASSETS LESS CURRENT
LIABILITIES 307,252 297,750
NET ASSETS 307,252 297,750
FUNDS 15
Unrestricted funds 258,496 279,247Restricted funds 48,756 18,503
TOTAL FUNDS 307,252 297,750
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yearended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387of theCompanies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company asat the end of each financial year and of its surplus or deficit for each financial year in accordance with therequirements 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.
The notes form part of these financial statements
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KPC YOUTH & COMMUNITY
BALANCE SHEET - continued 31 MARCH 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companiessubject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31 August 2023 and weresigned on its behalf by:
P E Lunnon - Trustee
E P Williams - Trustee
The notes form part of these financial statements
Page 8
KPC YOUTH & COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 beenprepared 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 UKand Republic ofIreland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern
There are no material uncertainties about the charity's ability to continue. The trustees have considered theanticipated income and their expected costs for the forthcoming twelve months and are confident they havesufficient cashflow reserves to meet all liabilities as they fall due.
For this reason, the trustees continue to adopt the going concern basis for preparing the financial statements.
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UKand Republic ofIreland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing thecharity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement andthe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and hasbeen classified under headings that aggregate all cost related to the category. Where costs cannot be directlyattributed to particular headings they have been allocated to activities on a basis consistent with the use ofresources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 10% on cost and 2% on cost Outdoor equipment - 5% on cost
Computers, furniture & equipment - 20% on cost and 10% on cost
Tangible fixed assets are included in the balance sheet at historic cost less accumulated depreciation. Grant receipts which fund fixed asset acquisitions are taken to restricted funds and the appropriate depreciation chargeis made against those funds over the expected useful life of the asset.
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. Restrictionsarise 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. Page 9
continued...
KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitablecompany's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Legal form
The organisation is a company, registered in England & Wales, limited by guarantee and a registered charity.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
2. DONATIONS AND LEGACIES
2023 2022
£ £
Donations 8,533 10,229Grants 68,804 76,626
77,337 86,855
Grants received, included in the above, are as follows:
2023 2022 £ £
Street Games 10,000 - Bridgend County Borough Council 22,398 35,141Cornelly Community Council 7,023 - Council for Wales of Voluntary Youth Services 4,151 - BAVO 1,100 - Boys & Girls Club 500 - Children in Need - 17,858Miscellaneous Grants - 23,627Moondance Foundation 23,632 -
68,804 76,626
3. OTHER TRADING ACTIVITIES
2023 2022 £ £
Fundraising events 1,034 3,358Café & charity shop income 6,520 4,752Memberships 6,863 5,861
14,417 13,971
Page 10 continued...
KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
4. INVESTMENT INCOME
2023 2022 £ £
Deposit account interest 1,321 1,951
5. SUPPORT COSTS
Governance Finance Other costs Totals £ £ £ £ Youth & Community Activities 273 4,617 2,340 7,230
Support costs, included in the above, are as follows: 2023 2022 Youth & Community Total Activities activities £ £
Bank charges 273 - Insurance 4,119 - Software and printing costs 498 - Independent examiners fees 1,300 1,800 Consultancy fees - 180Bookkeeping fees 1,040 3,890
7,230 5,870
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023 2022 £ £
Depreciation - owned assets 12,163 10,475Independent examiners fee 1,300 1,800Operating lease 1,382 1,382
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. Page 11 continued...
KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
8. STAFF COSTS
2023 2022 £ £ Wages and salaries 53,790 71,009Other pension costs 514 661 54,304 71,670 The average monthly number of employees during the year was as follows: 2023 2022 Conducting activities 6 8Support staff 1 2Management & administration 1 1 8 11 No employees received emoluments in excess of £60,000. The key management personnel of the charity comprise the Centre Manager, Chair and Company Secretary.Thetotal employee benefits of the key personnel of the charity were £12,494. 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total funds funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 33,856 52,999 86,855 Other trading activities 13,971 - 13,971Investment income 1,951 - 1,951Other income 16,907 - 16,907
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Total 66,685 52,999 119,684
EXPENDITURE ON
Raising funds 3,808 - 3,808
Charitable activities
Youth & Community Activities 71,380 47,257 118,637 Total 75,188 47,257 122,445
NET INCOME/(EXPENDITURE) (8,503) 5,742 (2,761) Transfers between funds 466 (466) -
Net movement in funds (8,037) 5,276 (2,761)
RECONCILIATION OF FUNDS
Total funds brought forward 287,284 13,227 300,511 TOTAL FUNDS CARRIED FORWARD 279,247 18,503 297,750
Page 12 continued... KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
10. TANGIBLE FIXED ASSETS
Computers, Outdoor furniture £ £ £ £
COST
At 1 April 2022 128,749 111,771 14,765 255,285Additions - 510 11,883 12,393
At 31 March 2023 128,749 112,281 26,648 267,678
DEPRECIATION
At 1 April 2022 32,617 94,931 5,284 132,832Charge for year 2,575 7,732 1,856 12,163
At 31 March 2023 35,192 102,663 7,140 144,995
NET BOOK VALUE
At 31 March 2023 93,557 9,618 19,508 122,683At 31 March 2022 96,132 16,840 9,481 122,453
In addition to the assets disclosed above, KPC Youth own land via a restricted covenant with Bridgend CountyBorough Council. The covenant requires any proceeds received from the future sale of this land to be paid backto Bridgend County Borough Council or reinvested in a new premises at the discretion of Bridgend CountyBorough council. This land was purchased at a nominal value of £1.
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors 3,500 585Other debtors 3,584 2,447
2023 2022 £ £ 7,084 3,032
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022 £ £
Social security and other taxes 615 656Net pay creditor - 1,462Pension creditor 51 69Accruals and deferred income 14,013 4,058
14,679 6,245
Page 13 continued...
KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
13. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022 £ £
Within one year 2,706 1,382Between one and five years 6,671 3,968
9,377 5,350
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted 2023Total 2022Total Funds Funds Funds Funds £ £ £ £ Fixed Assets 108,779 13,902 122,681 122,453Net Current Assets 149,717 34,854 184,571 175,297
258,496 48,756 307.252 297,750
15. MOVEMENT IN FUNDS
Net Transfers movement between At At 1/4/22 in funds funds 31/3/23 £ £ £ £
Unrestricted funds
General fund 279,247 (21,149) (108,381 ) 149,717Designated Fixed Assets - - 108,779 108,779
279,247 (21,149) 398 258,496
Restricted funds
Winter of Wellbeing 1,244 (931) - 313YSG Day Emotional Wellbeing 2,802 (1,834) - 968YSG Evening Emotional Wellbeing 2,907 (2,716) - 191Capital Grant - Computers & Music 1,489 - (1,489) -
Capital Grant - Cafe 2,811 - (2,811) - Capital Grant - Play Park 7,250 - - 7,250Street Games - Capital Grant (Gym equipment) - 10,000 (10,000) - Bridgend County Borough Council
(Business Finance Support) - 2,500 - 2,500Restricted Fixed Assets - - 13,902 13,902Moondance Foundation - 23,632 - 23,632
18,503 30,651 (398) 48,756
TOTAL FUNDS 297,750 9,502 - 307,252Page 14 continued...
KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming Resources Movement resources expended in funds £ £ £
General fund 38,297 (59,446) (21,149)
Unrestricted funds
Restricted funds
Winter of Wellbeing 1 (932) (931) YSG Day Emotional Wellbeing 580 (2,414) (1,834) YSG Evening Emotional Wellbeing 4,321 (7,037) (2,716) Street Games - Capital Grant (Gym
equipment) 10,000 - 10,000Bridgend County Borough Council
(Service Support) 6,400 (6,400) - Bridgend County Borough Council
(Business Finance Support) 11,028 (8,528) 2,500Bridgend County Borough Council (Third
Sector Support) 3,000 (3,000) - Summer of Fun (CYWVS) 4,151 (4,151) - Summer of Fun (BCBC) 1,970 (1,970) - Summer of Fun (Cornelly Community
Council) 2,701 (2,701) - BAVO - Site trip fund 600 (600) - BAVO - Football Event Fund 500 (500) - Warm Bank Fund 500 (500) - Moondance Foundation 23,632 - 23,632
69,384 (38,733) 30,651
TOTAL FUNDS 107,681 (98,179) 9,502Page 15 continued...
KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net Transfers movement between At At 1/4/21 in funds funds 31/3/22 £ £ £ £
Unrestricted funds
General fund 287,284 (8,503) 466 279,247
Restricted funds
Children in Need - 1,239 (1,239) - Winter of Wellbeing - 1,244 - 1,244YSG Day Emotional Wellbeing - 2,802 - 2,802YSG Evening Emotional Wellbeing - 2,907 - 2,907Capital Grant - Computers & Music - 1,489 - 1,489Capital Grant - Cafe - 2,811 - 2,811Capital Grant - Play Park 6,500 750 - 7,250Buy A Brick 5,227 (6,000) 773 - Street Games - Capital Grant (Gym equipment) 1,500 (1,500) - - 13,227 5,742 (466) 18,503
TOTAL FUNDS 300,511 (2,761) - 297,750
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement resources expended in funds £ £ £
Unrestricted funds
General fund 66,685 (75,188) (8,503)
Restricted funds
Children in Need 17,858 (16,619) 1,239Winter of Wellbeing 4,000 (2,756) 1,244YSG Day Emotional Wellbeing 10,716 (7,914) 2,802YSG Evening Emotional Wellbeing 6,000 (3,093) 2,907Capital Grant - Computers & Music 9,175 (7,686) 1,489Capital Grant - Cafe 4,500 (1,689) 2,811Capital Grant - Play Park 750 - 750Buy A Brick - (6,000) (6,000) Street Games - Capital Grant (Gym equipment) - (1,500) (1,500) 52,999 (47,257) 5,742
TOTAL FUNDS 119,684 (122,445 ) (2,761) Page 16 continued...
KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Net Transfers movement between At At 1/4/21 in funds funds 31/3/23 £ £ £ £
Unrestricted funds
General fund 287,284 (29,652) (107,915 ) 149,717Designated Fixed Assets - - 108,779 108,779
287,284 (29,652) 864 258,496
Restricted funds
Children in Need - 1,239 (1,239) - Winter of Wellbeing - 313 - 313YSG Day Emotional Wellbeing - 968 - 968YSG Evening Emotional Wellbeing - 191 - 191Capital Grant - Computers & Music - 1,489 (1,489) - Capital Grant - Cafe - 2,811 (2,811) - Capital Grant - Play Park 6,500 750 - 7,250Buy A Brick 5,227 (6,000) 773 - Street Games - Capital Grant (Gym equipment) 1,500 8,500 (10,000) - Bridgend County Borough Council (Business Finance Support) - 2,500 - 2,500Restricted Fixed Assets - - 13,902 13,902Moondance Foundation - 23,632 - 23,632
13,227 36,393 (864) 48,756
TOTAL FUNDS 300,511 6,741 - 307,252Page 17 continued...
KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above areas follows:
Incoming Resources Movement resources expended in funds £ £ £
Unrestricted funds
General fund 104,982 (134,634 ) (29,652)
Restricted funds
Children in Need 17,858 (16,619) 1,239Winter of Wellbeing 4,001 (3,688) 313YSG Day Emotional Wellbeing 11,296 (10,328) 968YSG Evening Emotional Wellbeing 10,321 (10,130) 191Capital Grant - Computers & Music 9,175 (7,686) 1,489Capital Grant - Cafe 4,500 (1,689) 2,811Capital Grant - Play Park 750 - 750Buy A Brick - (6,000) (6,000)
Street Games - Capital Grant (Gym
equipment) 10,000 (1,500) 8,500Bridgend County Borough Council (Service Support) 6,400 (6,400) - Bridgend County Borough Council
(Business Finance Support) 11,028 (8,528) 2,500Bridgend County Borough Council (Third
Sector Support) 3,000 (3,000) - Summer of Fun (CYWVS) 4,151 (4,151) - Summer of Fun (BCBC) 1,970 (1,970) - Summer of Fun (Cornelly Community
Council) 2,701 (2,701) - BAVO - Site trip fund 600 (600) - BAVO - Football Event Fund 500 (500) - Warm Bank Fund 500 (500) - Moondance Foundation 23,632 - 23,632
122,383 (85,990) 36,393
TOTAL FUNDS 227,365 (220,624 ) 6,741
Restricted funds
Restricted funds represent balances held to fund future projects where the resources have been receivedand arerequired by the donors to fund a specific project.
Transfers between funds
Transfers between funds arise where unrestricted funds have been used to fund shortfalls in restricted projects. The free reserves are available to provide funds to cashflow projects funded on a retrospective basis and areavailable with the approval of the trustees to fund any expenditure on projects or expenses which fall within theorganisations general aims and objectives. They are accumulated in accordance with the reserve policy as statedin the Trustee Report.
Activities undertaken within each major restricted fund
The restricted funds of the charity have been applied during the year or are held for future expenditure in thefollowing area:
Children in Need
Supporting child based activities.
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. MOVEMENT IN FUNDS - continued
Winter of Wellbeing
Support of wellbeing/mental health of young people.
YSG Day Emotional Wellbeing
Support of wellbeing/mental health of young people.
YSG Evening Emotional Wellbeing
Support of wellbeing/mental health of young people.
Capital Grant - Computers & Music
Improving facilities at KPC Youth & community centre.
Capital Grant - Café
Improving facilities at KPC Youth & community centre.
Capital Grant - Play Park
Improving facilities at KPC Youth & community centre.
Street Games
Support of wellbeing/mental health of young people.
Buy a Brick
To support wage costs of the centre.
Bridgend County Borough Council (Service Support)
Funding to support the on going costs of the centre.
Bridgend County Borough Council (Business Finance Support)
This was covid support funding to help support the costs of the centre through the pandemic.
Bridgend County Borough Council (Third Sector Grant)
Support of wellbeing/mental health of young people.
Summer of Fun
Support of wellbeing/mental health of young people.
BAVO - Site trip fund
Funding for a youth site trip.
BAVO - Football event
Funding to support a youth football event.
Warm Bank Fund
Funding to help with the energy crsis and heating costs.
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KPC YOUTH & COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
17. ULTIMATE CONTROLLING PARTY
The ultimate controlling party is the Board of Trustees.
The liability of the members is limited to £1 during membership, or within one year after resignation, as may berequired on the occasion of a winding up of the company. There were 4 members at 31st March 2023 (2022: 5members).
18. GIFTS IN KIND
Volunteer time
The value of volunteer time is not quantified in terms of money but the time contributed by volunteers is aninvaluable resource in terms of the outstanding contribution made by them. The number of hours contributed byvolunteers in the year was 1,300.
19. ANALYSIS OF DESIGNATED FUNDS
Designated funds represents the amounts set aside to write down the remaining net book value of fixed assetsheld against unrestricted funds.
2023 £
Designated funds - unamortised fixed assets 108,779Page 20
KPC YOUTH & COMMUNITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 £ £ INCOME AND ENDOWMENTS Donations and legacies Donations 8,533 10,229Grants 68,804 76,626 77,337 86,855 Other trading activities Fundraising events 1,034 3,358Café & charity shop income 6,520 4,752Memberships 6,863 5,861 14,417 13,971 Investment income Deposit account interest 1,321 1,951 Other income
Rent & other income for services provided 13,566 12,782Intangible income 1,040 4,125
14,606 16,907
Total incoming resources 107,681 119,684
EXPENDITURE
Other trading activities
Fundraising 625 255Café expenses 5,424 3,553
6,049 3,808
Charitable activities
Wages 53,790 71,009Pensions 514 661Rates and water 276 1,989Insurance - 4,609 Light and heat 2,363 2,246Telephone 1,146 1,269Postage and stationery 417 642Youth training activities 3,312 2,986Other operating leases 3,151 1,382Sundry expenses 1,016 431Membership & licences 785 1,787Staff recruitment & training 397 60Cleaning 1,094 3,349General repairs 2,704 9,872Carried forward 70,965 102,292
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KPC YOUTH & COMMUNITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
2023 2022 £ £
Charitable activities
Brought forward 70,965 102,292Computer costs 816 - Sundry equipment 955 - Depreciation of tangible fixed assets 12,164 10,475
84,900 112,767
Support costs Finance Other Insurance 4,119 - Software and printing costs 498 -
Governance costs
Independent examiners fees 1,300 1,800Consultancy fees - 180Bookkeeping fees 1,040 3,890
2,340 5,870 Total resources expended 98,179 122,445 Net income/(expenditure) 9,502 (2,761)
This page does not form part of the statutory financial statements
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