REGISTERED COMPANY NUMI BER: 06247822 (England and Il'ales) REGISTERED CHARITY NUMBER: 1123339 REPORT OF THE TRUSTEES AND UNAUDI'fED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR KPC YOUTH & CONIMUNITY Bakcr loY1e Chartercd Accouiilanls Oi'bit Busincss Ccnlr¢ Mcnhyr Tydfil CF48 1 DL
KPC YOUTH & CONIMUNITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JI MARCH 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial A¢tivities Balance Sheet Notes to the Financial Statements 8 to 20 Detalled Statement of Flnanclal Actlvltles 21 10 22
KPC YOL'TH & CONIMUNITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The tISteeS ivho are also directors of tlic cl)arily for th¢ purposcs of tli¢ Con)P<ini¢s Act 2006, prcsL'iil IliLir r¢port with tlie fiiiaiicial stalemcnts of Ihc charity for Ihc ycar cndcd 31 M<1rcli 2024. The Iruslccs havc adoplcd tlie pi'ovisions of Accouiiling aiid Reporliiig by Cl)ai'ilics'. Statement of Recommended Practice applicable lo charities prepariiig their accounts iii accordance willi th¢ Financii?l Reportiiig Standard applic£1ble in thc UK and Repiiblic of li'eland {FRS 102) (effective I January 2019). The Irusiee rcpoit iiicliidcs tlie directors, report as required by company law. OBJF.CTIVES AND ACTIVITIES Objectives and aims KPC Yoiitli Wcls scl lip iii 1998 in answer to the lack ot" tacilities for young people withiii tlie socially disadvantaged Cyiiffig Conununity of South Wales. KPC'S objectives are: lo help aiid cducatc young pcople throii&h leisure time activities so th141 they may develop their physical. nieiital and spiritual CaPi2Clties. tliclt they may grow lo fvll mattirily as individuals and mcnibcrs of socicly and so thai thcir conditions of life may be iniprovcd. to advaiice thc cducc11ioii of young, people within Ihe Cynffig aiid wid¢r arca of tlic Boi'oiigh of Bridgeiid aiid surrounds, in partlLular but iiol excllisively, Ihrougli th¢ provisioii of Ir<lllllllg to pronioie, prcserve ¢liid pi'otcct Ihc hcalih and r¢li¢ve thc nccds of yoiing people by tlic provision of such support as tlie dii'eclors ni¢iy fi'om lime to linie deicrn)iiie. the prevei)lioii ot. youth crime, drug aiid alcohol niisiisc, witliiii Ilic Cynffig arca aiid widcr arca of Ilic boroiigh of BridgFcnd aiid Slirrounds, by Ihc provisioii of a widc range of diversionary activities, advice, information and support for youiig people. lo dLvclop Ihc capclLlty and skills of thc members of the socially aiid economically disadvantaged commiiiiily of Cyiiffig aiid wider are<2 of the Borough of Bridgciid llnd surroiinds, in siich a Wily Ihcy arc bctlcr ablc lo identify. and help meet, their nccds aiid to PiTrrlicipat¢ morc fiilly society tliough ti'aining and support. Public beneflt Thc TIiL51LCS arc awarc tli<lt Ihc Cliarity has a rcsponsibilily uiider the Chiirities Act to demoiislrate that il has cliaritable aims thLI1 m¢cl th¢ piiblic bciicfil I'cqiiii'c'mciil and al'c Ihci'cforc chcll'ili( blc. Tlic Tiiislccs confirni that they havc h(1d regy(ii'd lo Ilie Chc1rily Coininis5l()n's gyiiid<incc 011 piiblic beiietit and comply with s17 Clicll'ilies Act 201 l in i-espccl of liaving duc rLgard lo piibli¢ b¢ii¢fil wlicn coi)sidcriii&', pliini)ingy aiid iniplen)eiiliiig Ilie ciclivities ot tlie cliarity. Fl)iANCIAL REVIEW Financial posltion Diiringy th¢ yLar, KPC siiff¢red a dcfiLiI of £24,739 (2023.. Surplus L9,502). The Iruslccs and slaif are aware of this situation aiid every altetnpl will be made lo reverse the position iii fiitiii'¢ y¢ars tlirough SOL2rcii)g ncw incomc aiid cai'cful cost control. A]1 expenditure has however supported the orgaiiisalions k¢y obj¢¢tivcs. Total iiicoming resources for thc year wcrc £69,355 (2D23.. £107,681 }. A5 2024125 bc&7jl)s, Ihc charity still faces Ihe challenge of sourcing income lo enable the continued delivery of open access youth work and to cover overheads. This remaiiis a significant t¢sl for thc charity. Investment policy and objectives The Board regards secure investment of Ihe reservcs as bciiig of primary importance rallier thali tlie levcl of the income generated from Ihcm. No oiie facility holds more thai) £85,000 which is wiihin Ihe guarantcLd banking sccurcd valucs. Page I
KPC YOUTH & COI¥IMUNITY REPORT or THE TRUSTEES FOR THE YEAR EfsDED 31 NCARCH 2024 FINANCIAL REVIEW Reserves policv Thc iiivcstniuiils and n¢1 cuttenl assets of £157,352 {2023: £184,569) currciitly cov¢i' Ihc runniiig ¢xpeiis¢s of £94,094 (2023.. L98,179} by approxinialely 19.7 moiiilis12023.. 22.6 nioiithsl. With Ilie currcnl levcl of rcservcs, il 18 not anlicipalcd that the clicirily will brcach Ihc charity's rescrve policy of holdiii&y al leclst 6 moiiihs expciiditlire iii cash oi. C<qsh eqiiivlqlenls iii th¢ shoit lerrn biit inconic <2nd cxpciiditure will h<lVC lo be closely moiiitored. The trustees are addressing the ch£illcnges that face Ilie charity and are working lo delermii)e th¢ fuftir¢ srr49legic dii'ection. Du2'ing 2024, 6 monihs expenditure equates to £47,047. Free Reserves as at 31st March 2024 were £155,29CI. Cash and cash cquival¢nls as at 31 st Mai'ch 20?4 ar¢ £25,199. FUTURE PLANS ThL laiidsLape of ftindiiig has chaiiged considei'cibly, witli Icss fiiiiding availLible and n)ore competition in applications. As Ilie cosl-ot'_liviiig clialleiigie coiitinues, we C<qll see thl&t tliis coiilii)ues lo impact our tiiiidr1& iSlI)g <qCtivitics. KPC board is coiiliiiiiing to explore options sucli as Ihc Sliai'cd Prospcrily Fund aiid opportuiiilies for bcller collaboratioii with othci. partii¢rs or orgaiiisalioiis. Oiice agaiii, Ilie boai'd has aiioiher challenging year ahead. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Th¢ cliarity is controllcd by its g7ovcrniiig) docum¢iit, a d¢¢d of tiust, and constitutes a liniited conipany, limitcd by guaraiite¢, as dcfincd by the Conipaiiies Act 200C). Thc compllliy is govcrn¢d by its niLmor<lndiim and articlcs od associ¢ilion dalcd 13th March 2007 as amciidcd on 14tli Janiiary 2008 and 2nd Dcccmbcr 2014. Reerultment and appolntment of new trustees Thrce nicmbers ot. the boic rd ot. direcloi's shall be siibject lo election or re-electioii al tlie Aiiiiual Gcn¢ral Mceling of tlie charity. Traiiiiiig is provided lo cacli dircctor as part of ali initial iiiduclioii and, if fcll ncccssary. on an ad Iioc basis dui'iiig thcir lirn¢ as directors of the charity, Declslon making The charity is organised and policy irnplemeiited Ilirough the board of directors who meeti clt least, qll<irlcrly. The pi'ojecl m<inagcr aiid senior youth workL'rs altcnd Ihc c.xcculivc m<ill<igcnicnl nicctiiigs to reprcseLlt Ilie eniployees, views, in relation to Ilic cliai'ity's progress, to the boai'd. Election of The Board Thre¢ Members of the board of directors sliall be subjccl lo eleclioii or re-eleclioii al the Aiiiiual General Meetiiig of the cli£irity. Tr4liniiig is providcd to CclLlI director as pait of ali iiiitliil iiiductioii and, if f¥lt Iicccssary, on an ad hoc basis during th¢ir tinie as directors of the charity. Risk manAgemenl Thc trustLcs Iiav¢ a dlily lo id¢211ify aiid rcvicw Ihc risks to which Ihc charity is exposcd aiid to ensure appropriate controls are in pl<lce to provide reasonable assuraiice agaiiist fraud aiid eiTOr. Th¢ charity has designed a series of policies in order to ensiire all risks are addressed and operations managed in an efficieiit m<iIiiier. Ther¢ is a rolliiig probyrunune of review ot. these policies lo eiisiii'c that th¢y ar¢ all maintaiii¢d iii-liiie with Current opcratioiis and regularly rcvicwcd in light of Ihc changing opcralional and slatulory ciivironmcnt. Environment The board of diri¢lors Riid cniployccs of KPC Youth, endeavour to reducc th¢ impa¢l of Ihc opcration upon the ¢nvironmcnt and polLCLes have been drawn up to achieve tliis. Page 2
KPC YOUTH & colmuNITy RF.PORT OF THE TRUSTF.ES FOR THE YEAR ENDED 31 IMARCH 2024 REFERENCE AND ADMINISTRA TIVE DETAILS Registered Colnpany number 06247822 (England aiid Wales) Registered Charity number 1123339 Registered offiee Off Pyle liui Way Pylc Bridgei)d CF33 C)AB Trustees P E Liinnoii Chair R G W¢glleii E P Wklliams A Hiighes Sharon Palmcr- D4y to day operatlons manager Company Secretary E P Willianis Independent ExAminer RJCHARD IAN KNOYLE ACA FCCA Bi¢ kcr K]ioyle Cliartered Accounl<2nls Orbit BiisiiiLss Ccntr¢ Mcrthyr Tydlil CF48 IDL Approvcd by ordcr of the board of Inislees 011 aiid sigiied oli its behalf by.. P E Luiiiioii - Trustee Page 3
INDEPEYI DENT EXAIWIINER'S REPORT TO THE TRUSTEES OF KPC YOUTH & CONIMUNITY Independent eyaminer's report to the trustees of KPC Youth & Communitv ('the Company,) l i'cport lo Ihc charity trustees oil my exaniination ot Ilie accounts ot. the Conipi111y for tlie year elided 31 March 20?4. Responsibilities and basis of report As Ilic charity's Irustccs of Ilic Compaiiy l(ind also its directors for the purposcs of conipany laiv) yoii are responsible for the preparation of tlie accoiiiits iii accordaiicc with the i'eqiiiremeiits of the Conipaiiies Act ?OOC) I'thc 2006 Acl'l. Having satisfied my%clf that thc accoiints of tlie Conipany are iiol required to be audited under Part 16 of the 9006 Act and are eligible for independeiit examii)Iilion, l i'¢port in rcspcct of niy CXaTnination of yoiir cl)arity'S accoiiiils as cari'icd oiit und¢r Scctioii 145 of tliL Ch<l1'itics Act 2011 ('tlie ?01 l Act,). III carryiiig out niy exanllnalion I have followed tlie Dii'ections giveii by the Charily Comniission under Seclioii 14515) (b) of 111¢ 201 l Act. Independent e¥anilner's statement I hilV¢ conipl¢l¢d niy examinaiion. I confirm thai no matlcrs liave comc to my aitentioii in conncclion with the exaniination giving nic causc to bclicvc.. accoiinliiig i'c'cords wcrc not kcpl ii) respect of Ilie Company as required by Section 386 of the 2006 Act; or the accouiits do iiol accord willi thos¢ rc¢ords', or thc accoiints do iiol coniply willi Ilic accouiiting requiremcnls of Section .396 of tlic 2006 Act oiher tliaii aiiy rcquiremcnl tlial thc accolinls givc a tnt¢ and fair view ivhich is not a n)atter considei'ed as part of an iiidepeiident examiii<21ioii; or Ilie accoiiiils 11¢1ve not been prepÉired iii accordiince witli th¢ n)¢tliods and pi'iiiciples of tlie Stal¢meiit of Reconimeiided Practice for accoiiiilii)g aiid rcpot1ii)g by cl)arilics lapplicciblc lo cl)ariliLs prcparii)g thcir <lCCOllllts in ccoi'dance with Ilic, Finaiicial Rcpoitiiig Standard applicable iii Ihc UK aiid Rcpiiblic of Irc11( lid (FRS I O?)}. I hclvc no con¢¢ims ai)d hilvc comc 11 cross no oilicr m¢111crs in coniicction with the CXi< n)iiiation lo which altci)tion should be di'¢1Wli in tliis I'eport iii oi'dcr to Cll<1blL a pi-opcr uiidcrsli2ndiiig ol. Ihc accoiints lo bc ri<qcI)cd. RICHARD N KNOYLE ACA FCCA Bi( ker lOyIe Chai'tered Accouiitaiits Oi-bil Biisiiicss Cciitrc Mcitliyr Tydfil CF48 1 DL Date: KC Page 4
KPC YOUTH & COIIMUNITY STA TEII'IEINT OF FINANCI.AL ACTtVlTIES INCORPORATING AN II%COIqF. AND F.XPF.NDITURF. ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 20?4 Tol<11 fiinds 2023 Total flinds Unrcslrictcd funds Rcslriclcd fiinds Notes INCOME AND E.NDOIVNL IENTS FROM Doiialions and l¢ga¢i¢s 15,617 17,148 32,765 77.337 Oihcr trading aclivilics liivcslment iiicome Other income 17,0.39 2,961 16,590 14.417 1,321 14.606 2,961 16,590 Total 52,207 17,148 69,355 107,Ci81 EXPENDITURE ON Ric isin&? fuiids 5.399 3.300 8,699 6.049 Charitable activities Youtli & Conuniit)ily Activilics 60,756 24,639 85,395 92,130 Total 66,155 27,939 94,094 98,179 NET INCOMEI(EXPENDITURE) Transfers between funds (13,948) 14,-367 {10,7911 (14,3C)71 (24,7391 9.502 16 Net movement In funds 419 (25, L 58) 124,739) 9,502 RECONCILIATION OF FUNDS Total funds brought forward 258,496 48,756 307.252 297,750 TOTAL FUNDS CARRIED FORWARD 258,915 23,598 282,513 307,252 The notes fom) part of Ihcse financial st&lcmcnts Pag¢ 5
KPC YOUTH & COIIMUNITY BALANCE SHEET 31 IVIARCH 2024 2024 2023 Notes FIXED ASSETS T¢ingiblc assclq 10 125,161 122,683 CURRENT ASSETS Stocks Dcbiors Cash al baiik and in hand 506 5,977 155.895 12 7,084 192,164 162,378 199,248 CREDITORS Amounts falling duc withiii oiic ycar (5,026) (14.C)79) INET CURRENT ASSETS 157,352 184,569 TOTAL ASSETS LESS CURRENT LIABILITIES 282,513 307,252 NET ASSETS 282,513 307,252 FUNDS Uni'estricled tuiids Rcsti'ictcd fuiids 16 258,915 23,598 258,496 48,756 TOTAL FUNDS 282,513 307,252 Thc cliarit7blc conipany is entillcd to cxemplion froni aiidit uiidcr Scclion 477 of Ihc Conip<lliiCS Act 2006 for Ihc ycar endcd 31 March ?n24. Thc niLnibei's have not requircd the compl¢ Iiy lo obtain 11 li aiidil of ils fiii<incial staiemeiils for the year elided 31 March 2024 ill ¢iciordaii¢c willi SLclioii 476 of Ili¢ Compaiiies Act 200CI. Th¢ lrnst¢cs acknowlcdgc their responsibilities for (a) eiisuriii& 111ic I thc ch<iritable compaiiy keeps accounting records Ih<il coniply with Scctions 386 and 387 of tlie Comp&l1iies Act 2006 iiiid prepiiriiigy lin<2iicial slatemeiits whicli give a Irue and fair view of the stlr te of affairs of tlie cliaril<ible company as at the eiid of each financial year and of its surplus or dcficit for cach financial ye<lr in accordaiice with the requircmcnts of Seciions 394 and 395 aiid whicli otherwise coniply with the reqiiiremeiits of the Companies Act 2006 relating to financial stalcrnents, so far as applicable lo thc charilablc company. (b) The notes fonn part ot'these financial statements Page 6 continued...
KPC YOUTH & CONIIMUNITY BALANCE SHEET- continued 31 NI.4RCH 2024 Thcsc financial slal¢mcnls have been prepared in accordance with the provision5 applicable to charitable companies subject to the small compaiiies regime. The financial statenients werc approvcd by thc Board of Trustees aiid authorised for issue on aiid were signed on its behalf by.. P E Lunnon- Ttijslee E P Willian]s - Tiuslee The notes forni part of thesc financial statements Page 7
KPC YOUTH & CONIMUINITY NOTF.S TO THF. FINANCIAL STATF.IIF.NTS FOR THE YEAR Ef*DED 31 TrIARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financi¢11 slalcniLiils of IliL charilablc conipany, which is a public bcnefil eiilily uiidei. FRS 10? have beLn prcparcd in accordaiicc with the Charities SORP (FRS 102} 'Accouiitingy <1nd Reporting by Charitics.. Sialcnicnt of RecOn]ended PriL Cticc applicablc to cliai'ilics preparing their accounts iii accordiL nce with thc FiiianciiL l Reporting Stcindard applicablc in Ihe UK c111d Repiiblic of Ireland (FRS 1021 {effeclive l Jaiiii¢1ry ?019)', Fiiicillci£il Reportii)g Stai)dai'd 102 'Th¢ Fiiiancial Repo)rtiiig Si<indai'd applic,2blv iii Ihc UK aiid Rcpublic of li'¢laiid' and th¢ Compaiiics Act ?006. The fiii¢incial slalemen15 liave beeii prepai'ed iiiider the historic1( I cost coiiveiitioii. Going concern Th¢re are no mLqlerial uncertainties Liboiit Ihe ch<?rity's ability to coiilinue. The trustees have considered the aiitiLipaled iiiconic aiid IhLir cxpcLtcd costs for thc forthcoming Iwclvc nioiillis and are coiifidenl Ihcy h<lVC siifficicnl cashflow reserves to meet all liabilities as they fall di1¢. For this re¢1SOlI, tlie Iruslees continue to adopt the going coiicem basis foi. prepariiig the finaiicial st¢lt¢m¥iils. Th¢ Ch7 I'il<qbl¢ ¢on)paiiy h42S takcn advaiilage of the tollowing disclosiii'e exeniplioii in pi-eparing Ihcse tincqllci<ql sl¢ileniciiis, as perniiiied by FRS 102 'The FiiianLial Rcporling Staiidard applicable in tlie UK aiid Republic of Li-elil11d': the reqiiirenieiils of Section 7 SiatemLI)l of Cash Flows. Ineome All iiicomc is recognised in the S11¢ lenieiil of Fiiiancial Acliviiies once tlie ch<irity has cntiilcmeiit lo Ihc tiiiids, il is probable that tlic inconic will bc rcccivcd and the amount Can bc mcasurcd rcliably. Eipendlture Liabilili¥s are rccogiiiscd as CXPLiiditurc ¢lS sooii as Ihcrc is a Icgyal oi. Lonsliiiclivc oblig<ilioii conlmilling Ihc clii2rily to Iliiil CXPLndiliirc, il is probcible Iliat a transfer of econoniic beiiefils will be reqiiircd iii sciilLmcnl ciiid Ilic amount of Ihc obligalioii Ciqli b¢ mL.qSLlI'ud r¢1 iiibly, Expciidiliir¢ is ALcouiiicd for on ali <qc¢ruals basis aiid11<1S bLeii classified uiidcr hciL dingys Ilicit ¢igg7reg¢ile i(11 cost relic led to Ilie C¢ilegioiy. Where costs caiuiol be dii'cctly aitribiited lo parliculiir h¢cqdiii&?s IIILy112< VL bccii allocillcd to IK Ltivilics on <7 basis coiisisl¢nl with Ili¢ lis¢ of rcsoiirLLs. TaIigible lixed a55ets DcprcLi£ilioii is providL'd at thc following anniial rates in ordcr to writc off cach asscl ovcr ils cstimatcd iiscful li fL. BuildingTS Outdoor eqiiipmenl Con)puters. rnitu1'e & equipnieiit l OQ/o on cost and 20/0 on cost SO/0 on cost 20 % 011 cost and l O % on cost Tangibl¢ fixed assets arc includLd iii Ilic balaiicc shcct al historic cost Icss accumulal¢d depreciation. Grant receipts whicl) fund fixcd asset acquisitions are taken to reslricled funds and the appropriatc dcprecialion chargc is madc agillllst thos¢ fuiids ovcr the cxpcctcd uscful lifc of thc assct. Stocks Stocks al'e valued at 11)c lowcr of cost ai)d ncl rcalisablc valuc, aftcr making duc allowaiice for obsolete and slow moving ilcms. Ta¥ation The charity is exempt from corporalion tax on ils charitable actLVLlies. Page 8 continucd...
KPC YOUTH & COfvlIVIUNITY NOTES TO THE FJNAf44CIAL STATF.NIEYTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTIING POLICIES- continued Fund accounting Uni'eslricled tui)ds C<ln be iised iii accordance with tlie charitable objectives at the discretioii of the Irustccs. Rcslricled funds cali oiily be uscd for particul1( i. rcstrictcd piiiyoscs within the objects of the charity. Resti'iclions arise wlien spccified by the donor or when fuiids arc raised for particular rcstriclcd putyoses. Fiirther explanation of the nature and purpose of each fuiid is included in tlic notcs to thc fiiiancial slalenienls. Pension costs and otlier post-retirement benefits Thc ch¢irilablL c()IllP4lliy opcl-alcs Ic dcfiiiLd coiilribulion pensioii schcmc. Coiilribiili()i)S yable to Ihc ch<?rilablc conip<llly'S pLiision sclicniL' <ll-c charged lo Ihc Sialcmciil of Fiii4lllCl<il Aclivilies iii thc pcriod lo wliich Ilicy rcl<ile. Legal form Thc oi'g1< 1)isalion is a ¢on)paiiy, registered iii Eiiglcliid & Wales, limited by giiaraiitee aiid a registered charity. Debtors and creditors receSvllblelpay#ble Ivlthin one year Dcbtoi's aiid creditors with no stalcd iiitcrcst I'atc <11)d rccciv<1blL' oi- P<iyable within one year are i'ecorded at traiisaclion pricc. DOLYATIONS AND LEGACIES 2024 2023 D021¢ilioiis 8.292 24,473 8,533 68,804 32,765 77,337 Gi'aiils received, included in the above, are as follows.. 20?4 2023 Strccl Ganies Brid&y¢iid Couiily Boroligh Council Coriiclly Coniniuiiily CoLiiILiI Couiicil foi. W4?l¢s of Voliiiilary Youth Services BAVO Boys & Girls Club Moondc111ce Foiind¢ltioii Ncighbourly - Warni Hub Pyle Comniunity Council 10,000 22,398 7,0?3 4,151 1,100 500 23,632 4,039 5,714 600 8,060 6,060 24,473 68,804 Page 9 continued...
KPC YOUTH & COIllMULIITY NOTES TO THE fiNANCIAL STATEIIIENTS - continued FOR THE YEAR EIYDED 31 INIARCH 2024 OTHER TRADIliG ACTIVITIES 2024 2023 Fundraising events Cafc & charity sliop iiicomc Menibersliips 1,542 8.547 6,950 1,034 6,520 6,863 17,039 14,417 INVESTIIIENT INCOINIE 2024 2023 Dcposit accoui)l intcrcst 2.961 1,321 SUPPORT COSTS Gov¢ni<2nc¢ costs Financc Otlicr Toicils Yoiith & Con]miiiiity Activities 261 5,400 4,500 10,161 Support costs, iiicliidcd iii Ilic abovc, are as follows,. 2024 Yoiith & Coniniiii)ity Activities 2023 Total activities 261 4,97CI 424 1,500 3,000 273 4,119 498 1,300 1,040 Iiisur<1nce Softwc2fi cqnd printing Costs IiidcpL'iidciil ex<1miiiers fecs Bookkccpii)g? fccs 10,161 7,230 NET IIYCOMEI(EXPENDITURE) Nel inconie/(expeiiditure) is slated after charging/{crediiiiig)'. 2024 2023 Dcpr¢ci<ilioii - owiicd Iiss¢Is Iiidepeiidenl examiiiers fee 6,512 1,500 12,163 1,300 Page 10 continucd...
KPC YOUTH & CONIMUNITY NOTES TO THE FINANCIAL STATENIF.NTS - continued FOR THE YEAR EENDED 31 ARCH 2024 TRUSTEES, RE.NIUNERATION AND BENEFITS There were iio truslc¢s' rcmuiicr¢?lion or oilicr beiielits for Ihc ycar ciidcd 31 March 2024 nor for the year ended 31 Maicl) 2023. Trustees, eypenses Thcre were no Iruslccs, cxpcnscs paid for the year ended 31 March 2024 nor for the year ciidcd 31 March 2023. STAFF COSTS 2024 2023 Wagcs and salaries Other peiision costs 47,272 387 53,790 514 47,659 54,304 The av¢i'1c g¢ nioiiilily Iiiiniber of eniployees during the year was as follows.. 2024 2023 Coiiductiiig activities Support staff Managcmci)i & adniinislralion No employees rcccivcd cnioluniciits in cxccss of £6Q,QOO. Thc kcy maiiagcmLiit PL'rsoi)nLI of Ihc chi¢ rily coniprise thc Cei)trc MaiiagFcr, Chair aiid Conipill)y Sccrclary.The lolal employcc bcncfits of the key persoiinel of tlie ch<ll-ity were £14,516 (2023.. £12,494). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Uiii'estricied lids Restricted fuiids Total tuiids INCOIME AND ENDOWMENTS FRONI Donalioiis cind Icgaci¢s 8,533 68,804 77.337 Oihcr Iradiiig ii clivilies Iijvestmeiil iiicome Othcr incomc 14.417 1,321 14,026 14.417 1,321 14,606 580 Total 38,297 69,384 107,681 EXPENDITURE ON Raising ndS 6,049 6.049 Charitable activities Youth & Con]munity AclÉvities 53,397 38,733 92,130 Total 59,446 38,733 98,179 Page 11 continued...
KPC YoirrH & COIIMUNITY NOTES TO THE FIIYATr4CIAL STATEINIENTS - continued FOR THE YEAR ENDED 31 IIIARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted fuiids fiiiids Tol411 funds NF.T [NCOIqEI(EXPFD1TuRE) Transfers betw'een funds {21,149} 398 30,C)51 (3981 9,502 Net n)ovement in funds (20,751) 30,253 9,502 RECO)CILIATION OF FUNDS Total fliiids broiiglil forward 279,247 18,503 297,750 TOTAL FUNDS CARRIED FORWARD 258,496 48,756 307,252 io. TANGIBLE FIXED ASSETS Compiitcrs, fiiniittire & cquipmcnt Outdoor ¢quipni¢iit Buildii)gs Totals COST Ai l April 2023 Addilioi]5 128,749 122,2f)5 8,990 16.664 267,678 8,990 Ai 31 M£irch 2024 128,749 131,255 I C),C)64 27C),6C)8 DEPRECIATION Al l April 2023 Charge for year 35,192 2,575 102,663 1,895 7,140 2.042 144,995 6,512 Ai 31 M(1rch 2024 37,767 104,558 9.182 151,507 NET BOOK VALUE Ai 31 Mai'cli 2024 90,982 26,697 7,482 125,161 Ai 31 March 2023 93,557 19,602 9,524 122,683 In addiiioii lo the assets disclosed above, KPC Youth owji land via a reslricled Covcnanl witli Bridg¢iid County Boroiigh Coiincil. Tlic covciiai)I rcqiiircs any procccds rcccivcd frorn the future sale of tliis laiid to be paid back lo Brid&yLiid County Borougli Couiilil or rciiivcslcd in a ncw premiscs al Ilie discretion of Bridgend County Borough council. This land was purchased at a nominal value of £ l. Page 12 continucd...
KPC YOUTH & COIL IMUNITY NOTES TO THE FINANCIAL STATEIIJEINT.S- continued FOR THE YEAR ENDF.D 31 MARCH 2024 STOCKS 20?4 20?3 Stocks 506 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONI E YEAR 2024 20?3 TradL dcbiors Oth¢r debtors 3,500 3,584 5,977 5,977 7,084 13. CREDITORS: ANIOUNTS FALLING DUE WtTHIN ONE YEAR 2024 2023 Social sccurity and othcr lax¢s Nel Piiy creditor Pc115ioiI crcdilor Suiidry ci'editors Accni<lls and dcfciTed iiicome 221 914 615 749 3,142 14,013 5,026 14,679 14. LEASIIYG AGREEMENTS MiiiiTllLim Icasc paymeiit5 under noii-caiiccllablc opcraliiig Icascs fall dLlC as follows.. 2024 20?3 Within oiie year BLtwecii onc aiid five ycai's 2,706 3.964 2,706 6,671 6,670 9,377 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Fuiids 2024Tolal Funds 2023Tolal Fuiids Fixed Assets Net Cui'rei)l Assets 103,C)19 155,296 21,542 2,056 125,161 157,352 122,681 184,571 258,915 23,598 282,513 307,252 Page 13 continued...
KPC YOUTH & COIITrIiINITY NOTES TO THE FIINANCIAL .STATEIIIENI TS - continued FOR THE YEAR ELNDED 31 MARCH 2024 16. IWIOVELMENT INL FUNDS Net movement in fiinds Tr¢lnsfcrs bclwcen fiiiids At 3113124 Ai 114123 Unrestri¢ted funds General fiind DcsigJn¢ltcd Fixcd Asscls 149,717 108,779 {13,948) 19,527 (5,160) 155,296 103,C)19 258,496 (13,948) 14,367 258,915 Restrlcted funds Wiiil¢i' ot. Wellbeing YSG Day Eiiiolional Wcllbeing YSG Evcniiig Eniolional W¢llbLing Capil(11 Grdiil - Pl<iy P<irk Bridg7ciid Couiily Boroiigh Couiicil (Busiiiess FiiiÉiiiC¢ Siippori) Bridgciid Coiiiily Boi'ough Council {Thii'd Sector Siipporl) Rcsli'iclcd Fixc'd Asscls Mooi)d1¢ lice FoLind<l1ioii Ncig,hboui'ly - W¢irni Hiib Fuiid Voluiitary Youth Siipporl Schcmc 313 968 {313) {9C)8) (191) 7.250 {7,250) 2.500 600 (3,100) 3,439 (3,4391 7,640 (2,3631 {80C)) (5,049) 1.3,9()2 23,632 21,542 (?1,269) 2,862 5,049 2,056 48,756 (10,791) {14,367) 23,598 TOTAL FUNDS 307,252 (24,739) 282,513 N¢1 movcmcnl in funds, in¢liidcd in thc <qbov¢ ar¥ ¢iS follows.. Inconiing resources Rcsourccg expend¢d Movcmcnt Unrestricted funds General fiind 52,207 (66,155) (13,948) Restrlcted funds Wiiiier of Wellbeiiig YSG Day Emotional Wcllbciiig, YSG Evcning Eni()lional Wcllbcing Bridgend Coiiiily Borough Council (Busincss Finaiicc Siipport) Bridgend County Borough Council {Third Sector Siipport) Mooiidaiice Foundation Neighbourly- Wami Hub Fund Voluntary Youth Suppori Scheme (313) (968) (191) {3131 (9681 (191) 600 600 3,439 3,439 {21,269} 2,862 5,049 (21,269) (5,198) 8,060 5,049 17,148 (27,939) (10,791) TOTAL FUNDS 69,355 (94,094} 124,739) Pag¢ 14 continu¢d...
KPC YOUTH & COI¥IMUNITY
NOTF.S TO THE FIPIANCIAL STATENIINTS - continued
FOR THE YEAR EINDED 31 MAIICH 2024
16.
IVIOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in fuiids
TL'aiisfers
betwecn
funds
At
3113123
Al 1141?2
Unrestrlcted funds
General fiind
Designated Fixed Assets
279,247
{21,149)
(108,3811
108,779
149,717
108,779
279,247
(21,149)
398
258,496
Restricted funds
Wiiilci- of WLllbciiig
YSG Dciy Emotional Wellbeing
YSG Evcniiig Eniotional Wellbeing
Capit<11 Gi'aiil Coniputers & Music
Capital Gi'aiil Cafe
Capital Gi'aiit - Play Park
SirLC't G
KPC YOUTH & CONIMUNITY NOTES TO THE fiiNAPyCIAL STATEIllENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 16. IOVEMENT IN FUYDS- continued Coniparative nel movement in tunds. included iii the above are as follows- liiconiing resources Resources expended Movenient in 1]dS Unrestricted funds Gciier1¢ I fiiiid 38,297 (59,446) (21,149) Rtstrlcted funds Wiiil¢i' of W¢llbciiig YSG Day Emoli(Trnal Wellbciiig YSG Evening Eniolional Wellbeing Sii'eel Games- Capital Grant (Gym cquipmciil) Bridgeiid Couiily Boi'ough Couiicil (Service Siipport) Bridgciid Couiily Boi'ough Couiicil (BiisinLss Fiii4?IILC Supp()i'tl Bi'idgTci)d Coiiiity Boroii&yh Couiicil IThii'd Sector Siipporl} SLinimci' ol. Fuii (CYWVS) Siin]ni¢r ot. Fun (BCBC) Siininicr of FLLI) (Coi'iiclly Comniiinity Couiicil) BAVO - SilL trip tund BAVO - Fooib<l11 Event Fuiid Waiin Baiik Fuiid Mooiidaiice Fouiidatioii (932) {2,414) {7,037) {9311 (1,834) (2,716) 580 4,321 10,000 10,000 6,400 16,400) 11,028 {8,528) 2,500 3,000 4,151 1,970 (3,000) (4,1511 (1,970) 2,701 600 500 500 23,632 {2,701) (CIOO) (50n) 1500) 23,C)32 69,384 (38,733) 30,651 TOTAL FUNDS 107,681 (98,179) 9,502 Page 16 continued...
KPC YOUTH & CONIMUNITY NOTES TO THE FlTriANCIAL STATENIF.NTS- continued FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months conibined position is as follows.. N¢1 movcnienl in funds Tralisfers bctween funds Ai 114122 3113124 Unrestricted funds Geiieral tund Dcsignaled Fixcd Ass¢ls 279,247 (35,097) (88,854} 103,619 155,296 10.3,619 279,247 (35,097) 14.765 258,915 Restrlcted I'unds Ivinler of Wellbeiiig YSG D<iy Emoiion¢l1 Wellbeing YSG Evening Eniolional Wellbeing Capital Graiit Con)piilLrs & Music Capil<11 Graiit Cafe Ciipil<il Grliiil - Play Park Sii-ccl G1¢ niL's C<lpil<l1 Graiil (Gym eqliipmciit) Bridgeiid CoLlllty Borough Couiicil (BLisin¢ss Fiii&iiiC¢ Support) Bridgyciid Couiily BoroLIL,h Couiicil (Third Sector Slipporll Rcstricicd Fixcd Asscts Mooi)daiice FoLiiid2( lioii Ncig,hboiirly - W<2rni Fliib Fiiiid Voliiiilciry Youth Slippori Scheme 1,244 2,802 2.907 1,489 2,811 7,250 11,244) 12,802) 12,907) 11,489) (2,811) (7,250) 10,000 I i o,000} 3,100 (3,100) 3,439 {3.439) 21,542 (2,363) (806) (5,049} 21,542 2,3()3 2,8()2 5,049 2,056 18,5n3 19,8CIO (14,765) 23,598 TOTAL FUNDS 297,750 (15,237) 282,513 Page 17 continued...
KPC YOUTH & CONIMUIIITY NOTES TO THE FINANCIAL STATEIIIENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 16. IOVEMENT IN FUNDS- continued A current year 12 nionths and prior year 12 months conibined nct niovcmcnt in fiiiids, included in the above are as follows.. IIicoTning resources Rcsources expended Movcmcnl in fuiids Unrestrlcted (unds General fiind 90,504 1125,601) (35,097} Restricted funds Wiiilci- of Wcllbeiiig YSG Day Emotional Wellbeing YSG Eveiiiiig Eniolion<l1 WcllbLiiig Sirecl Ganics - Capital Graiit {Gym cqiiiptneiill Brid&iend Couiily Borough Couiicil (Service Siippoi'l) BridgF¢iid Coiinly BoroiiL,Ii Coiincil (Biisiiicss Fiii<qliC¢ Siipporll Bridgend Couiily Boi'ough Coiiiicil ITliird Sector Siipportl Siin]mei' ot. Flin ICYWVS) SLininici' of Flin {FJCBC) Siininier of Fun {Cornclly Comniiinity Couiicil) BAVO - Sitc ti'ip fLiiid BAVO - Fooib¢ill Event Fuiid W421'm Bi( lik Fiiiid Mooiidaiice Found<ilioii Ncigliboui'ly - W<irni Hlib Fuiid Voluiilary Youili Support SLhcmc (1,2451 (3,3 $2) (7,228) (1.244) {2,802) (2,907} 580 4,321 10,000 10,000 6,400 (6,4001 Ll,628 (8,528) 3,100 6,439 4,151 1.970 {3,000) {4.1511 (1,970) 3,439 2,701 600 500 500 23,632 8,060 S,049 (2,701) (C)00) (500) (500) (21,269} (5,1981 2,363 5,049 86,532 (66,672) 19,860 TOTAL FUNDS 177.036 (19?.273) 115,2371 Restricted funds Rcsti'icled funds rcpi'cscnl bcllc111CCS hcld lo fuiid futtire projects wliere the resources have been received and are requircd by thc doiiors to tuiid a specific project. Transfers between fund5 Transfers belwe¢ii fiind.s al'is¢ whcrc iinrLslrictcd fiiiids have bccn u5cd lo flind sliortfalls in rcslriclcd projects. The frcL rcsci'vcs <irc availablc to provide fuiids lo cashflow projects fiinded on a retrospective bi£ sis aiid are availablc with the approval of th¢ Irusl¢cs to flind any expenditiire oli projects or expenses wliich fall within the organisalions general aims and objectives. They are accumulated in accordaiice with the reseive policy as stated ii) thc Trustee R¢porl. Activities undertaken within each major restricted fund Thc rcslrictcd thiids of the charity have been applied during the year or are held for future expenditur¢ in Ihc following area.. Page 18 conlinued..
KPC YOUTH & COI,IMUNITY INOTES TO THE FINANCIAL STATEI¥IENTS- continued FOR THE YEAR EYDED 31 MARCH 2024 16. IOVEMENT IY FUNDS - continued Winter of Wellbeing Siipport ot wellbeing/nieiital healili of yoiing p¢opl¢. 'SG Day Emotional Wellbein Support ot'wcllbciiiglmenlal hcallh of youiig people. YSG Evening Emotional Wellbelng Support of wcllbeii)glnieiital healtli of young people. Capital Gr&nt- Play Park Impi'oviiig) facililics al KPC Youth & commuiiily ceiiti'e. Bridgend Count}, Borough Council (Business Flnance Support) This was covid suppoit tundiiig to help support the costs ol. the c¢nlr¢ Ihrougli the P<qndemic, Bridgend County Borough Council (Third Sector Grllnt) Support of wcllbciii&F/mLnlal hcalih of'youiiL' people. Moondance Foundation This was to fuiid a sciiior ai)d youth worker salary cost. Nelglibourly - Warin Hub Fund This is P<irt of Ilic N(IIioii£l1 Gi'lds Community Mallers Fuiid, and was lo fuiid warni packs for disii-ibulioii iii Ihe cornmunily. Voluntarv Youth Support Sehem¢ This WLlS to coiilribulc lo tlie core costs of the organisalioii lo eiiable tlie coiitiiiiied provisioii of youth woi'k oppoi1uiiiliLs. 17. RELATED PARTY DISCLOSURES There were no i'elaled party traiisaclions for tlic ycar cndLd 31 March 2024. 18. ULTIIMATE COYTROLLING PARTY Thc iiltin)atc controlling party is the Board of Tnislee5. The liability of the members is liniiled to £1 duriiig niembersliip, oi. wiihiii one year c1fter re5igii¢1tion, as niay be rcqiiircd on the Occiision of a ivinding lip ot. tlie con)plliiy. There were 4 members al 3 Isl Marcli 2024 (2023.. members). Page 19 continued...
KPC YOL'TH & COIl,IINIUNITY OTES TO THE FINANCIAL STATENIEYTS - continued FOR THE YEAR EINDED 31 MARCH 2024 19. GIFTS IN KIND Volunteer tlme The V1( lue of voluntccr tiinc is not qU¢in¢ified iii lernis of rnoiiey biit the lime coiitributed by voluiit¢¢rs is ali iiivaluL1ble i'csoul'ce in lemis of tlie oulstaiidiiig ¢onlribiilion mLldv by thcni. Tli¢ number of hours coiilribuled by volunl¢¢i-s in thc ycar was 1,132 (2023..1,300}. 20. ANALYSIS OF DESIGNATED FUNDS Designated tiinds represeiits thc anioiints set aside to write dowi the remaining net book valiie of fixed assets h¢ld agaiiist iiiwestrictcd fuiids. 2024 2023 Designated fuiids - uiianiortiscd fixed assets 103,619 108,779 Page 20
KPC YOUTH & COlmUNITy DETAILED STATEfvIENT OF FINAINCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOLVIE AND ENDOWNIENTS Donations and legacies Donatioiis Grants 8,292 24,473 8,533 68,804 32,765 77,337 Otlier trading activities FundraisingJ evciits Cafe & charity sliop income Membersliips 1,542 8,547 6,950 1,034 6,520 6,863 17,039 14,417 Investment income Dcposil account interest 2,961 1,321 Other Income R¢i)i & oil)¢i' incom¢ for services providcd liilangiblc incomc 13,590 3,000 13,566 1,040 16,59 14,60C) Total Incomlng resources 69,355 107,681 EXPENDITURE Other tra(ling activities Fiiiidr<llSiII Cafc cxpciises 279 8,420 625 5,424 8,C?99 6,049 Charitable activities Nviigcs Pciisioiis Rclt¢s aiid wat¢r Light and hcal Telephon¢ Postage and stationcry Youth Ii'cqining activities Other operating leases Suiidry cxpenses Carried forward 47,272 387 480 4,837 829 628 1,956 2,706 372 59,467 53,790 514 276 2,363 1.146 417 3,312 3,151 1,016 65,985 This page does not form part of the statutory financial statements Page 21
KPC YOL'TH & CONL IMI UNITY DETAILED STATELMEIIT OF FILNANCIAL ACTIN'ITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Charitable activities Bruiig,ht fonviird Membersliip & licences Siciff rccruiln]cnt & training Cleaning G¢ii¢ral repairs Conipulcr costs Suiidry eqliipmcnt Depreciaiion of laiigiblc fixed assets 59,467 592 92 C)5,985 785 397 1,094 2,704 816 955 12,164 3,662 681 3,007 6,512 75,234 84,900 Support costs Finance Bl¢ lik chai'ges 261 273 Other Iiisui'aiicc Softw¢irc and pi'inting costs 4,97C) 424 4,119 498 5,400 4,617 Governance costs Iiidcpciidciil cxamincrs fccs Bookkccpiii&, fccs 1,500 3,000 1,300 1,040 4,500 2.340 Total r¢sour¢cs expeiided 94,094 98,179 Net (expenditure)Ilncome (24,739) 9,502 This pag¢ docs not form part of the statutory fiiiancial statements Page 22