R•gl•tswd nUMr.. 07491038 Charlty numbor: 1140505 THE PANT & DOWLAIS BOYS & GIRLS CLUB IA company Ilmltsd by guaranteo) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
THE PAMT & OOWLAIS BOYS & GIRLS CLUB IA comwny limlted by guarants•) CONTENTS Page R•f•r•nc• nd admlnl#tratlv• d•tll• of th• Ch•rlty, Its Tn*tMs •nd •dvl••r• Tru•tsM' r•port Tru•tsM' r••pon•lbllltlM •tst•mont Ind•p•ndont •umln•f¥ r•port St•t•m•nt of fln•nGl•l •ctlvlth¥ 2-13 14 16 16 Balanc• •hMt 17-18 Not•• to th• Iln•ncl•l •tat•m•nt• 19-36
THE PANT & DOWLAIS BOYS & GIRLS CLUB (A company Ilmltsd by guarnntso) REFEREt4CE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES ANO ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trnt•• Palricla Weaver Gareth Davies Gerald Brian 8•attl• Kenneth Davieg Clive 8arsi M.8.E Louise Davies C¢)mpany rnglit•rnd numb•r 07491038 Ch•rlty r•glBt•r•d numb•r 1140505 R•ght•r•d offlc• Pant & Do81$ Boy8 & Glrli Club Englne Hou8• High Street DovAais M•rthyr Tydfil CF48 3HA Ch•lrp•r•on G1 Brian 8eatb'• Pr••ld•nt The President of the Charity laj sel out in 8b of the ConuonI 18 8fiAn Beattie. Ind•p•nd•nt •x•mln•r• MHA MHA Hou18 Charter Court Phoenlx Way Swan8ea Ent•rpns• Park Swan8ea SA7 gFS Page 1
harit istration num istration number 0749103 Com any re la owlaie Annual Report 2024 -2025 THE PANT & DOWLAIS BOYS & GIRLS CLUB A'NNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025.
THE PANT & DOWLAIS BOYS & GIRLS CLUB TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) HE YEAR ENDED 31 st MARCH 2025 owlai& The trustees present their annual report and Financial statements for the year ended 31 March 2025 ilu The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK and Republic of Ireland (FRS 102) (effective l January 2019) Dowl18 HOUSQ The objectives of the organisation are to educate all ages of people resident in the area of Merthyr through their leisure time, Our aim Is to adapt a more positive attitude to young peoples, lives, raise their aspirations , reallse their full potential and be inclusive to all to support development of their physical, mental capabilities thatthey may grow to full maturity as individuals and members of society. Pant & Dowlai5 Bo s & Gir15 Club The Boys and Girls Club is a charity-run youth organisation that is open five days a week 4pm-8pm during school term and 9am- 4pm during school holidays. (i)
Daily Entry Fee5 C05t £3 which enable young people to use the facilities which include:_ Arts , Crafts Arts and Crafts, Orienteering, environmental projects, communlty work, litter picking and movle club, orts and Games Football, dodgeball, tsble tennis, darts, archery, mountaln biking, mixed marshal arts, tag rugby, and pool competitions. Durlng the summer months we offer a range of activities for young people to experience such as trips out to local parks, attractions and beaches, including visits to cultural and listening centres, IlbrarSes, museums, sporting stadiums, and attending theatre performances. In the past visits have been arranged for Big Pit, St Fagan's Museum, Cyfarthfa Museum, Dowlals Library, Gnoll Park, Community nature trails, Merthyr Fire Station, Bryn Bach Park, local football matches, Pumpkin picking, Wales Millenium Centre, Aberavon Beach, Deri Park, J( li ,ljiJiii,' (2)
Public Benefit. We have complied wlth the duty in the 2011 Charities Act to have due regard to guidance publlshed by the Commission in respect of our duty to provide public benefit. Pant and Dowlais Boys and Girls Club is a registered charity and was established in 1987 and was orlginally a youth organisation supporting children 8-11 years old. It is in a large Industrial building known locally as 'The Engine House, which is a Grade I listed building and has a large Sports Hall, Dance Studlo, Café as well as a number of break out and activity rooms to support a wide range of activities. The 1401iye' Overview In 2019 Cllr Davld Hughes was appointed as manager to develop an Intergenerational Communlty Hub, David had previously been a volunteer and Trustee and had an integral understanding of the operatlng of the centre. The declslon was also made to change the constitution to widen the Involvement of the centre beyond young chlldren to include teenagers and adults. The Youth Club Is managed by David Hughes and 3 Level 3 Youth Workers and supported by a team of 6 Level 2 Youth Workers alon9 wlth a core of volunteers. We also have 3 youth workers that have completed their work level 3 qualification. Most of the staff also have thelr Flrst Aid and Food Hyglene certificate (3)
The funding for these staff comes from the Legacy Trust Funding grant. This grant pays for staff salaries and trainlng for three members of staff, This grant provides the core funding to SUPPOrt the Youth Club and without this the charity would find it difficult to attract qualified salaried staff. This grant was and still is fundamental to the success of Pant and Dowlais Boys and Girls Club. www.auctioneers.co.uk MERTHYR MOTOR AUCTIONS www.auctioneers.co.uk 14ULTIPLY MER THYR TYDFIL Cyngor 8wrdelStf Slrol MERTHYR TUDFUL MERTHYR TYDFIL Merthyr Housing Tai Merthyr Wheie P Come Lle Dow Pobl yn Gynityl County Borou Councll The charity is now supporting a wide range of community groups and Sport clubs five days week 8am -8pm and several special events on weekends. As time has progressed, we have developed robust relationships with local groups such as Merthyr Tydfil County Borough Councll,. Voluntary Actlon Merthyr Tydfil, Gwernllwyn School. Bishop Hedley Comprehensive School. Merthyr Houslng Association. Merthyr Motor Auctions. Progieet Gw41iau Gwaith Chwarae Pla4work8 Holida4 Projeet (4)
Overview A number of activities that are run from the Hub including Football, Karate, Judo, Archery, basketball, table-tennis, mixed martial arts, tag rugby, darts, mountain biking and pool competitions. These are for adults, children, able bodied, disabled and those with learning difficulties. N O R T H ARCHERS IIIWfllY Hope for th• '.r&00.', -°@OFJ. . Gobalth I'r Cymoedd I KUGB• SHOTOKAN KARATE WALES (5)
Recently the Engine House has been approved and registered with the Care Inspectorate Wales (CIW) thereby becomlng the first open access play forum in Merthyr Tydfil and giving children a safe environment to be for out of School care. Arolyglaeth Gofal Cymru Care Inspectorbte Wales Post the Covid 19 pandemic, through our community contacts we Identified that loneliness and Isolatlon amongst the elderly was evident, and we now support three separate groups to support those affected by this issue. (6)
We are committed to equal opportunities and provide a wide range of support and activities to a wide range of groups. We provide facilities for the elderly, disabled adults group Ymlaen, Barnardo's young carers, Autistic Support Diversity Dragons, Probation Services, Gwernllwyn + + Primary School, Bishop Hedley Comprehensive School, MTCBC Education Department Inter Schools Soccer Tournaments, MTCBC Literacy support and Only the Lonely. J,Illf (7)
During the festive season a number of these partnerships arrange additional events with a strong community focus. Barnardo's, Diversity Dragon5, Only the Lonely Group and Good Friendship Group arrange their own Christmas party at our venue. The team working for PDBCG also arrange a Breakfast with Santa; Santas Grotto for young children and a community Christmas Carol Service for all ages with guest stars Dowlais Male Voice Choir performing. milllll'iiiillwiifiillll, r, 11111 (8)
Gardening In 2023 the Engine House along with the'Good Friendship Group, was awarded a Level 4 for our gardens by the Royal Horticultural Society. We obtained finance from'Levelling Up fund 'which allowed us to purchase and erect a Polytunnel. This structure 6 now being utilised by the Cyfarthfa Garclening Group who have recently located themselves in the large park adjacent to our building. This area now being used by the group and also by members of the community to not only enhance the biodiversity and ecology of the land surrounding the Dowlais Engine House but also provide a potential income stream for the charity (e.g, Community growing courses, educational school sessions etc,) It will trErEfore advance the knowledge of gardening and wider environmental issues. The group wlll encourage volunteers and local schools to visit the venue and provide training and instruction. A key aspect would be encouraging actlve hands-on experlence on planting and cultivating and how they can work towards a better environment and reducing the carbon footprint. From a business perspective this grant could open new markets for DEH and has the potentlal to create new opportunities including seasonal produce cooking sesslons, 5pecialised pollinator planting and posslbly on-site bee keeping G51 (9)
Fit and Fed Previouslyi during all school holidays twice a week we provided free healthy meals and snacks to promote a healthier way of living. To do this we worked with Merthyr Housing Association who run a scheme'Fit & Fed, that supply us with a budget that covers the cost of our Staff to promote healthy eating and physlca l activities. Irate5 1 EITEV, I,k4 (10)
Financial review Regerv•s Pollc As in the previous period we have adopted the policy of trying to maintain one year's unrestricted reserve5 to cover running costs, this requirement becoming even more relevant as traditional streams of funding become less available and we aim to create more sustainability withln the organisation. Brf•l R•vlew ol the Charl 1$ flnanclal osltlon The fe reserves of the charity are in defic by £18,430 (2024: £10,341) against a target value of approximately £132,000, Pb)wever, the forecast for the next 12 months shows that we have sufflclent antlclpated Incomes and thus overall funds to operate through securing new sources of funding as well as our primary funding sources (see the next paragraph). Prlncl al Fundln We have several conslstent and loyal supporters who have enabled us to contlnue to deliver our programmes from year to year (see note 3 to the accounts). We have also secured funding from the Merthyr Tydfil Borough via the Legacy Trust Fund, and we also obtained new sources of funding during 202412025 which should enable us to continue until 2026 (see Plans for future perlods paragraph below), Our Income generation is made up of admission fees and hire and hire of our rooms, Plans lor luture erfods Attracting grant funding to pay for the salaries of qualified youth workers remains the bSggest challenge. We are continulng to work with grant funders to attract funding without which we cannot continue to operate. Now havlng security of tenure of the premises, the charity is flnding that funder5 are now more readily amenable to our requests and have obtained addltlonal grants in eXsS of £IOOk since the March 2024 year end, which we have utilised in 2024125 or are carrying forward to projetts tsknng place in 2025126 and 202612027. We continue to rent room and facility space during the days and nights to local businesses and groups but want to cate more use out of the building structure so that Can generate more of its, own income. Consequently, we have received funding to extensively develop the rear of the sports hall into a first floor 'Wellness Suite,, which will be completed by the middle of 2026. The aim is that hopefully this, and other projects will lead to a reduction in the need for grant funding to run the Pant & Dowlais Boys & Girls Club and create wider community benefits and diversify what we can offer. (11)
structurei sovernance and mana ement Nature ol the Charftles Governing Document The Charity is governed by its Constitution and, as a limited company, its, Articles of Association having been incorporated on 10 May 2012. The Constitution was adopted from the old constitution of the Pant & Dowlais Boys & Girls Club, an unincorporated charity number 1099325. The Articles of Association was modified in March 2022 to extend the objects To service all ages in the borough, including the elderly and those with a disabil ity. M•mbers and th• l>oard ol trust••g The Pant & Dowlais Boys & Girls Club are a local charity and are non-profit making. It is currently run by a Board of 6 Trustees. M•thod of Rocniiting and Appointing N•w Truste•• The existing trustees constantly re-evaluate the need of the skllls of the charity, they then search for individuals with their appropriate skill sets and invite them to join the committee. They also consider applications from individuals who have an interest and are willing to make a contribution to the overall development of the charity. Decisions are made at regular Board meetlng where minutes are kept as a record. As stated, the governing document is the Constitution and Articles of Association. Trustees are selected in accordance with these documents. Procedur• for th• Inductlon and Trnlnlng of Trusteos New Trustees a given a full tour of the organisation and the full extent of the charity's activities explained. They are taken through the business plan and aims and aspirations of the charity and their role in it explained. Or9anis•tion Structur• Since re-opening in the summer of 2021, following the easing of Covid 19 restrictions, the Board of Trustees are again being reported to by the Youth Project Manager who manages the day-to- day operations through other senior youth support officers. These in turn manage the junior staff and any volunteers. (12)
Interests of the TNstees No trustees have any children attending as Junior Members. Key Management Personn The trustees consider that key management personnel is the Youth Project Manager, Mr David Hughes. R•lat•d Partles The Pant and Dowlais Communlty Englne House and Merthyr Tydfil Car Auction Limited are related parties. The Tr s, report was approved by the Board of Trustees. Mr G Davl•s Trustee Mr• P W••v•r Trustee Dated {13)
THE PANT & DOWLAIS BOYS & GIRL3 CLUB IA company Ilmltsd by guarantee} STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees Ivtho are also the directors of the Charity for the purpo8e8 of company 18w) are responsible for preparing the Trustees, report and the finanrjal s13lemen18 in accordance wlh applicable law and United Klngdom Accounting Standards {Unlted Kingdom Generalty Accepted Accounting Practice). Company law requires the Truslees to prepare financAal statements for each financial . Under company law. the Trusleeg musl not approve the financial Statements unless they are 8ali$fled that they give a true and fair view of the stale of affair¥ of the Chanty and of ils Incombng re$tsurce6 and applicab'on of resources, including Ils Income and expenditure, for that period. In preparing these financial L4tatements, the Trustees are required lo.. select suitable accounting policies and then apply them ¢on819lenlly,' observe the methods and Principles of the Charilieg SORP {FRS 1021.. make judgments and accounting estimates that are reasongble and PTudenl'. slate whelher applicable UK Accounting Standards IFRS 1021 have been followed, subject to any malerlal departures disclosed and explained In the financial stalemenls., prepare the financial statements on the going concem basis unless il 18 Inappropriate lo presume that the Charlty will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explaln the CharTty's transactions and digclose wlh reasonable accuracy al any lime the flnanclal position of the Ch8rfty and enable them to ensure that the finandal 8lalemenls comply wlh the Companles Act 2006. They are also responsible for s8feguarding the assets of the Charity and hgnce for taking rnasonable slep$ for the prevenbon and detection of fraud and other irregularities. Approved by order ol the members of the board of Tru8lee8 and slgned on 118 behalf by.. G*r•th Davlo• Trustee Page 14
THE PANT & DOWLAIS BOYS & GIRLS CLUB IA company Ilmltsd by guarants•l INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Ind•p•nd*nt Examln•r'¥ R•port to the Tnmtees of Tho P•nt & Do%118 8oys & Glrlg Club I'th• Chorfty'l I report to the charlly Trustees on my examlnalion of the accounts of the Charty for the year ended 31 March 2025. ResponBlbllltlo• and Ba•lg ¢1 Rfjport A8 the Tru81ees of the Charity18nd ils directors for the purpoges of company lawl you are responsible for the preparation of the accounts in accordance wlh the requirements of the Companies Act 20061'lhe 2006 Aci'l. Having satisfied myself that the accounts of the Chority are not roquired lo be audlled under Part 18 of the 2006 Act and are ellgible for Independent examlnalion, I report in respect of my examination of the Charitls accounts Caled out under section 145 of the Charities Act 2011 Ilhe 2011 Acl'l. In carrying out my examination I have followed Ihe Dlrections given by the Charity Commission under Section 14515llbl of the 2011 Act. Ind•p•nd•nt Ex•mln•r'• 8lat•m•nt Since Ihg Charity's gros8 income exceeded £250,000 your examiner must be a member of a body listed in 8eclSon 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am 8 member ol ICAEW, which is one ol the Ilsted bodie8. I have completed my examination. I confirm that no mallern have Comè lo my attenllon In connection wf¢h th examination giwng me cau8• to bdleve.. gccounting record¥ were not kept in respect of the Charity a8 reqLslred by section 380 of the 2006 Act., or the accounts do not accord with those ocords,. or the accounts do not comply th the accounting qUIreMentS of section 396 01 the 2006 Act other than any requirement that the accounts give a Iru? 8nd view which 18 not a matter considered as part of an independent examin3b"on', or the accountj have not been prepared in accordance with the melhcdg 4nd principlej of th• Slalemenl of Recommended Practice for accounting and reporting by charities lappllc8bl• lo charilies preparing their accounts In accordance with the Finanryal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}1. I have no concems and come acro55 no other matteryJ in connection Y[h the examin4tlon lo whlch 8tt•nlion Should be drawn in thig rèport In order lo enable a proper understanding of the accounts lo be re8¢h•d. Signed.. Doled. 18112125 Rachel Doe ACA DChA MHA Chartereil Accountants MHA House Charter Court Swansea Enterprlse Park Swansea SA7 9HS MHA is the trading name of MHA Audit SeNices LLP, o limited liability partnership in England and Wales (registered number OC4555421 Page 15
THE PANT & DOWLAIS BOYS & GIRLS CLUB {A company Ilmlted by guar•nt¢o1 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE AGCOUNTI FOR THE YEAR ENDED 31 MARCH 202$ RMtrlct•d Unr•strict•d fund• lund• 2025 2025 Tot•1 fund• 2025 Tot81 runds 2024 Note Incomo from.. Dvnations and legacies Charitable activibes Other trading aclivitl08 Other income 165.237 70,708 27,929 772 165,237 168.406 27.929 772 134,686 202,249 27,005 261 97,700 Total Incom• 97,700 264,644 362,344 364,201 ExpondSturn on: Raising funds Charilablt activleS 18,374 254,359 18,374 365.011 19,391 417,315 111,509 Totsl •xp•ndltur• 111.509 272,733 384.242 436, 706 N•t mov•m•nt In fund• 113,8091 18,0891 121.49Jl (72,505? R•conclllallon of fund•: Total funds brought forward Net movement in funds 18,230 (13,8091 110,3411 18.0891 57.¥•9 121,8981 130,394 (72,505) Total fundj cirrl•d fonyard $4,421 118,4301 35,991 57,889 The Statement of Financial ActivilieB includes all gains and1098e8 recognlsed In the year. The notes on pag•5 1910 36 forn part of these flnancl81 slatementg. Page 16
THE PANT & DOINLAIS 80YS & GIRLS CLUB IA company limitod by gu•ranleel REGISTERED NUMBER: 07491038 BALANCE SHEET AS AT 31 MARCH 2025 2026 2024 Flx•d as••ts Tanglble ayJet8 14 62,791 69.587 82,791 69,587 Cwv•nt •sMt• Stocks Debtors Ca•h at bank and in hand 3,015 9.193 16,796 3,803 7, 155 12, 761 15 29,054 23. 719 Curr•nt Il•bllltl•¥ Creditorn.. mounl8 falling due vathin one year 16 (55.154) f35,41TJ N•1 curr•nt Il•bllltl 121,8001 (11,698) Total n•t a••t• 35,991 57,889 Ch•rlty fvnd• Re8trfcle(I fund¥ Unr•striGt•d funds 84,421 118N301 68,230 (10,341) Tot•1 fund• 35,991 57.889 Page 17
THE PANT & DOWLAIS 80YS & GIRLS CLUB {A company limited by guarantee) REGISTERED NUMBER: 07491038 BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2025 The Charity way enlilled lo exemplien from 8udil under 8ecb.on 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the year in question in accordance wlh section 476 of Companies Aet 2006. The Tru8lee8 acknoedge their respon%bililleg for complwng wth the requirements of the Act vAth respect lo accounlng records and preparatlon of flnancbal statements. The financial staternenls have been prepared in accordance wlh th& provisions applicable lo enlltie8 sublecl lo the small companleB regirne. The financi ments were approved and authorised for issue by the Trustees and slgned on their behalf by.. Q&r•th Davi•• Tru$lee Date.. The notes cffl pages 19 to 36 fom psrt of these flnancial statements. Page 18
THE PANT & DOWLAIS BOYS & GIRLS CLUB (A company Ilmltsd by guar4nteel NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 MARCH 202fj G•n•ral Infomiatlon The Pant & Do81$ Boys & Girls Club is a charitsble company limited by gvaranlee incorporated in England and Wales. The registered office is.. Pant & DoYAais Boys & Girls Club, Engine House, High Street, Dowlais, Merthyr Tydfil, CF48 3PtA. Accountlng pollclo$ 2.1 Basls of pr•p•r•tion ol financial Statoments The financial 8talemenls have been prepared in accordance wlh the Charitie8 SORP IFRS 102) Accounting and Reportlng by Gharilies. Statement of Recommended Practice applicable to charille9 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Companles Act 2006. The Pant & DovAai$ Boys & Girls Club meets the definition of a public benefit enlty under FRS 102. A83el8 and liabilitie5 are inilialty recognised al hiylorical co81 or ITEngaclion value unless otheThse st8led in the rel•v8nl accounting policy. The financial statements are prepared in pounds sterling vthich is both the functional and presenlalional currency of the Foundation and are rounded to the negr¢¥l pound 8leding. 1.2 Golng concem The Trujlees have considered they are reliant on the 3upport from Merthyy Motor Auction$ Limlled. There Is no Indicath'on of thi8 8UPPOrt glopping within the next 12 months. The tru8lee3 8180 note that unreslricled funds are in deficrt, however they believe once future prolecls have been completed they 11 relum to generating g 8urplu8. Therefore the Iruslees prepare the 4ccounts on a going concem basis. 2.3 Incom• All income.is recognised once the Charity has entillemenl to the income. il is probable that the income wll be received and the amount of income receivable can be me88ured reliably. Oiher income IS recognised in the period Sn v*hSch il is recebvable and lo tho exlent the goods have been prowded or on completion of the service. Cash donations are recognised on receipt. Other donations are recognised once the Charty has been notified of the donation, unless performance condlb"¢Jns require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Page 19
THE PANT & DOWLAIS BOYS & GIRLS CLUB IA company limited by gu•rants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollclès l¢ontlnu•dl 2.4 Expondltur• Expenditure 15 recognised once there18 8 legal or constructive obligation lo Iransler economlc benefit to a third party, it 15 probable that a transfer of economic benefrt$ wll be required In settlement and the amount of the obllgation can be measured reliably. Expenditure 15 classified by activity. The costs of each activity are made up ol the total ol direct costs and shared cost5, including support costs Involved In undertaking each activity. Direct costs aitribulable lo a single activity are allocated directly lo that activity. Shared costs thich ccntribule lo more than one aclivty and support costs which are not attnbutable to 8 Single activity are apportloned beeen those advili89 on a basis con8lStenl th the use of resources. Central staff costs are allocated on the basis of lime spent, and deprecialltsn charges allocated on the portion of the assel'i use. Expenditure on chaTStable aclivrties18 incurred on dlreclly undertaking the ath"vitiei which further th8 ChariV¥ obleth'ves, as well aB any a880daled support costs. All expenditure 18 inclujlve of Irrecoverable VAT. Oonated co8t8 and 8•Nices are recogni89d In the $latements al a falr market value. Where these cost8 occur Ihere is a corresponding income Shown on the financial 8lat•menls equal lo the deemed value of the donated cost8. 2.5 Taxatlon The Charity 15 con51dered to pa55 the le515 sel out In Paragraph 1 Sthedule 6 of the Flnance Act 2010 and Iherelore bt meets the definition of 8 chari18ble company for UK Corporation lax purposes. Accordingly, the Charity is polenllally exempt from taxats'on in respect of income or caprtal galn8 received wlhin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Secbon 256 of the Taxation of Ch8rge8ble G8inJ Act 1992, to th? extent that such Inccme or g81n5 are applied exclusively lo charitable purposes. 2.6 Tanglblè flxed a$•ot8 and dopr•¢l•tlon Tangible fixed as$ets are initially recognised al cost. After recognition, under the cost rnodel, tangible fixed aysels are measured 01 cost les3 accumulated depreciats.on and any accumulale¢J Impaimient losses. All costs incurred lo bring a tsngible fixed assèt into ils intended wcrking condition should be Included in the mea8uremenl of cost. Depreciation is charged Jo as to allocate the coyt of tangible fixed agsels less IheSr residual value over their eglimaled useful lives, using the straight4ine method. Depreclatlon is provided on the follovmng bas18'. Freehold propety Plant and machinery 25% 2.7 Slock$ Slocks are valued at the lower of cost and nel re81isable value after making due allowance for obsolete and slow•moving stocks. Cost indudes all direct costs and an appropriate proports.on of fixed and variable overheads. Page 20
THE PANT & DOWLAIS BOYS & GIRL8 CLUB IA company Ilrnltsd by guarnnt•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pol1cl {¢ontinu•dl 2.0 D•btors Trade and other doblors are recognised at the sewement amount after any trade discount offered. Prepaymentg are valued at the amount prepoid net of any trade dlseounts due. 2.9 Ca•h at bank •nd In hand Cash at bank and in hand includes cash and short-lemi highly liquid investments wblh a short maturlty of three months or less from the date of 8cqui811ion or opening of the deposrt or simllar account, 2.10 Fln#n¢lal InitNm•nts The Charity only ha8 financial assets and finanual liabllltles of a kind that qualify as ba¥lc finanrAal inslTumenls. Basic financial in8trument¥ are initially recogni8ed at Iran8action value and subsequently me88ured at their 8elUement value with the excepts'on of bank loans which are subsequently measured al amorti8ed cost using the effective inltsresl method. 2.11 P•n•lon• The Gh4rity operate5 a defined conlrfbution pension scheme and the pension charge repre8enl$ the amounts payable by the Charlty lo the fund in respect of the y¢ar. 2.12 Fund •c¢ountlng General fvnd8 are unrestricted funds which art available for use 8t the dis¢relion of th? TTuslee5 in furtherance of the general objgcliv¢¥ of the Charity and have nol been designated for other purposes, Oeslgnalgd funds comprlse unroslthcted funds that have been Bet aside by thè TTUStees for particular purposes. The aim and use of each designated fvnd is sel oul in Ihe notes lo the financial statements. Reslricled funds are lund8 which are lo be used in accordance with specific re8trith'on8 imposed by donors or whith have been raised by the Charity for particular purposes. The cogt9 of raising and administering such funds are eharge¢J against the specthc fund. The aim and use of each restricted fund is set out In the notes lo the financlal st8lem•nts. Page 21
THE PANT & DOWLAIS BOYS & GIRLS CLUB (A company Ilmltsd by gu•rants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates Hnd ofJudgm•nt In the appliealion of the ch8rily'$ accounting poliues, the tru$lee8 are required to make ludgments. e9Mte$ and assumptions about the canwng amount of a88ets and liabilities that are not readily apparent from other sources. The estimates and associated assumptsons are based on hi$tori¢al experience and other factor$ that are nsIdered to be relevant. Actual results may drfer from these ests'mgte8. Critical accountbng esumales and aB8umplions'. The ejllmates and Under'n9 888umplion$ are revIe4d on an ongoing basis. Revlsion8 lo accountyng eg1im8tes are recegnised In the period in which the e8ts.mate 1$ r8vi8ed where the revision affects only that period, or in tha period of the revision and fLrture periods where the rgvi*on affects both curr•nl and fvlure p•rlodg. Incom• frorn donatlonj l•gacl•• Unr••trlcted fund 2025 ToLg1 fund• 2025 Donafjons Donated goods and Servicey 20.300 144.937 20,300 144,937 165,237 166,237 Unreslncted funds 2024 Tot81 lunds 2024 Donations Donated goods and services 6,854 127,832 6,854 127,832 134, 686 134,686 Donated 9ood$ and $eNiceg of £144,937 12024." £127,832) were provided by Merthyr Car Auction Limited. Included vthhln donated goods are u8e of vehicles at the mafket rate and administrative and govemance items. Page 22
THE PANT & DOWLA18 BOYS & GIRLS CLUB IA company limited ty guarantee) NOTES TO THE FINANCIAL STATEPIENTS FOR THE YEAR ENDED 31 MARGH 2026 Incomo from charftabl• acllviti•8 Ro•trfct•d Unrn¥trlct•d nds fund• 2025 2025 Total lund• 2025 Room hire Enty and membershlp fees Trip8 4nd parle8 Grantg Ad¥ertl3lng 50,253 17.975 40 60,263 17,975 97.700 97,700 2NJI 2,438 97,700 70.706 168.408 Restrfcted Unrnstncted runds rund 2024 2024 Tol81 funds 2024 Roorn hlre Entry and membership fees Trlp8 and partles Grant8 35,177 20,521 939 35,177 20.521 939 145,612 145,612 145.612 56,637 202,249 Page 23
THE PANT & DOWLAIS BOYS & GIRLS CLUB IA comp•ny Ilmltsd ty gu•v•nte•l NOTES TO THE FINANCIAL STATEAIENTS FOR THE YEAR ENDED 31 MARCH 2025 202S 2024 P•rfomi•nco rn11t gr4nt• MTCBC Community Fund MTCBC- SETS 78,000 76,500 25,000 20,000 8,600 8,500 MTCBC- SPF Gym Lottery- Isolated and Lonely MTCBC - Warm Hub Se8wons Trecatti Fund 10,000 1.000 2.600 1,500 2,600 30,000 8.194 2.000 6,940 Pl•>rf•s1- Summer 2024 Playle#l- October 2024 Playfe$l- February 2025 VKSPF Social Economy UKSPF Decarboni88tion UKSPF ProfesJion•l Moondance Foundallon Other 7,012 141.834 145,612 Oth•r trndlng •ctlvltl•• Incom• from non ch•rltabl• tradlng actlvltl•• Unr••trlctsd fund• 2025 Totsl lund• 2025 Cafe Income 27,929 27,929 Unrnstrlctad funds 2024 Total funds 2024 Cafe income 27.005 27,005 Page 24
THE PANT & DOWLAIS 80YS & GIRLS CLU8 IA coThwny Ilmltsd by gu•rants•l IIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 oth•r Incomlng r•sourc•• Unmtslctod fund• 2025 Totsl fund• 2025 Raffles Inlere$l receS¥8ble 761 781 11 772 772 Unre51rkled lunds 2024 Total funds 2024 R8ffle• Internsl rec•lvabl• 226 35 226 35 261 261 Page 25
THE PANT & DOWLAIS BOYS & GIRLS CLUB (A comp•ny Ilmlted by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARGH 2025 Expondlture on ralslng fvnds Tradlng oxp•n• Unrvdtrict•d funds 2025 Total fundi 2025 Cale purchase8 18,374 18,374 Unresliycled rund5 2024 Total runds 2024 Cafe purthasei 19.391 19,391 An•ty•l• of •xp•ndltur• on charftabl• actlvltlo• Summary by fund typ• R•strlct•d Unrn•trl¢t•d funds fL4nd• 2025 2025 Total 2025 Charitable Acllvllles 111,509 254,359 365,808 ReStrted Unr881rlcfed runds lunds 2024 2024 Total 2024 Charitable Activities 175. 131 242, 184 417,315 Page 26
THE PANT & DOWLAIS BOYS & GIRLS CLUB IA company limited by guarnnt•81 MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 10. Analysls of oxpénditur• by activiti Actlvltl und•rtaken dir•ctly 2025 support costs 2025 Total fund• 2025 Charttsble Activities 361,414 4.454 365,861 Actlvlltes undertaken direclly 2024 Support costs 2024 To181 funds 2024 Charftsble Acllvitles 411,396 5,979 417,315 An•ly•l• of dlrtct co•t• Total lund• 2025 Actlv+tlo¥ 2026 Staff costs Depreciation Pr8mise5 cos18 Motor vehicle cost Acliwty costs 184,738 6,796 13,147 141,232 15,501 184,738 6.796 13,147 141,232 15,501 361,414 361,414 Page 27
THE PANT & DOWLAIS BOYS & GIRLS CLUB IA company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THe YEAR ENDED 31 MARCH 2025 10. Analys1¥ of frxpondlture by activiti•8 IGontinu•dl Anatysis of direct costs Icontlnuedl Total fund5 2024 Aclwrties 2024 Staff c08ts Depreciab'on Premises costs Motor vehlcle co818 Activty costs 178,626 30, 188 23,022 126,434 53,126 178,626 30,188 23,022 126,434 53,126 411,396 411,396 An•ly•l• of •upport co•ts Tot•1 funds 2025 Actlvltl 202$ Bank charge8 Independenl examination costs Legal and profe88ional Donated governance c08ts 441 240 13 3,760 441 240 13 3,760 4,454 To181 runds 2024 Activit8 2024 Bank charges Independent examinabon costs Legal and profeg3ional Oonaled governance costs 642 1,800 13 3,464 642 1,800 13 3,464 5,919 5,979 Page 28
THE PANT & DOWLAIS BOYS & GIRLS CLUB IA company lirnited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Indendon¢ oxamlnai's r•mun•ration 2025 2024 Fees payable to the Charills Independent examiner for the independent examination of the Charills annual accounts 1,800 12. SLgff co•ts 2025 2024 Wages and 8alari•J 184,738 178,626 184.738 178,626 The average number of pernon$ amployed by the Ch8rity during the year w88 95 follows.. 2023 2024 No. Employe 13 14 No employee recelved remuneration amounting lo more than £60,000 In ellher year. The r•mun•rakn'on of key rnanagemenl personnel durtng the year was £28,82912024 '. £31,519). 13. Tru•t¢e•' rnrnuneralion and •xp•ns•s During the year, no TTUStee5 received any remuneratlon or other b8nefil8 (2024- £NILJ. During th? year ended 31 March 2025, no Tnbslee expenses have been incurred (2024- £NILJ. Page 29
THE PAMT & DOWLAIS BOYS & GIRLS CLUB {A company Ilmltsd by gu•rnnts•l MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARGH 2026 14. T•nglbl• Ilx•d ••••t• Fr••hold Pl•nt •nd prop•rty michln•ry Tot*1 Co•t or v•lu•tlon At 1 April 2024 190,845 239,348 430,193 At 31 March 2025 190.846 239.348 431J,193 D•pr•¢l•tlon At 1 April 2024 Charge for the ye4r 124,801 3,283 235,106 360,600 8,790 At 31 March 2025 128,054 230,348 307,402 N•1 book valu• Al 31 March 2025 82,791 12.791 At 31 2024 66,044 3,543 69,587 Page 30
THE PANT & DOWLAIS BOYS & GIRLS CLUB (A Company Ilmltsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. O•btor• 2025 2024 Trade debtors Prepayments and accrued income 7.329 1,B64 5,460 1,695 9,193 7,155 16. Cr•dltor•'. Amount• f•lllng duo wlthln one yeir 2025 2024 Trade credlt Other credrtors Accru818 ond defe¢d income 2.152 2,766 50,938 20,457 2,624 12,336 55,854 35,417 Included wthin accruals and deferred Income above 18 the followlng deferred income. 2025 2024 Deferred income al stsrt of the year ReBource8 deferred during the year Amounts released from previou$ periods 8.946 44.134 10,9461 355 8,946 f355) 44,134 8,946 Deferred income brought forward repsents grant funding recelved in advance IOT a project seheduled to cornmence in the next fln8ncial year. The deferred Income carried forward Ss consislenl with the brought forwaid balance. Page 31
THE PANT & DOWLAIS BOYS & GIRLS CLUB {A company Ilmltsd by guarnnts8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Statsm•nt of funds statsm•nt of fund¥- current year Balanc• at 31 March 2025 8•linc• at 1 Aprfl 2024 Incom• Expendltur• Unrestrlct•d funds Dfr8lgnatod fund¥ Oesignaled Fund 4,899 1761) 4,138 G•n•r•l fund• General Fund {15,240} 264,644 1271.972) 122.5681 Tot•1 Unr••trlct•d fund¥ 110,341) 2f4.644 1272.733) 118A301 R••trlct•d fund• Capital Asset Fund Merthyr Tydfil CBC Playfesl- Summer 2024 P18yfe$l- October 2024 Plae$1- February 2025 UKSPF Sou81 Economy MTCBC- Wam) Hub Sessions UKSPF Professional Trecatti Fund 04,689 (6.035) 178.000) 12,600) 11,500) 12,6001 1960) 12,833) 12,000 68.654 78.000 2.600 1.500 2,600 19601 2,833 2.000 1,000 1,000 MTCBC- Playfesl Moondance Foundalon Cozy Corner 708 {7081 14,2731 110,0001 14,2731 10,000 68.230 97.700 1111,5091 54,421 Total of funds 67.889 362,344 1384,2421 35,991 Page 32
THE PANT & DOWLAIS BOYS & GIRLS CLUB IA company limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARGH 2025 17. Statoment of funds Icontlnu•dl Caprtal Asset Fund.. Thi¥ represent¥ the nel book value of the fixed as19 bought through re$lricted fiJnd8 and 18 used ID depreciate thoBe as8els over thèir useful livel. Playlest.. The Playfest fiJnd8 are lo a381t the club durlng hallteims to keep children In the communty occupied. Tesctr Breakfast Club.. This money was donated by Te8CQ to cover the costs of a breokfasl club. Merthyr Tydfil CBC Summerfest.. This grant is lo ay51St the club durlng Summer to keep the Ghildren In the ¢ornmunity occupied. Merthyr Tydfil C8C'. Th59 grant was provided lo provid• reimbursement for staff 8al2rie$. Merthyr Tydfil C8C Experience Day., This grant wa• received w45 to lake children from the Community out on an experience day during the Summer. Merthyr Tydfil C8C SETS.. The Social Enterprise Tourism and Sport5 grant fund lo extend lacilitiej Currently av8il4ble In respect of accommodating variou814rye Jcale function8. Merthyr Tydfil CBC UK SPF,, This grant wa8 received lo re8urface floorln9 8nd lighting in the m•ln hall ol the facililie•. Merthyr Tydfll CBC W8rm Hub Se88lon8.' This grant was received lo cover the costs of wami hub sessions that wovided o warrn Space for people durfng the cold month$. UK Lottery- Lonely and18olated'. Thls grant was re¢eived to assi81 In day to day actlvllle8 on 8 hub th81 provlded a safe space for residents lo social with the occasional meal Cozy Corner.. This grant was received lo cover the cost of ts¥o weekly yessions that provide a warm space during the cold months. Trecatti Fund.. This grant was provided to fund new computers for the dub. UKSPF Professional Fund.. This grant was provided lo help towards salarie5 of the day to day Tunning of the club. UKSPF Social Economy.. This grant is for the creation ol a wellness suite for the community. The grant 1$ currently in defiat due lo income expected in the follovlng year. Moondance Foundation.. This grant Is for the creatson of a wellness suite lor the community. The grant is currently in defiat due to income expected in the followng year. Page 33
THE PANT & DOWLA15 BOYS & GIRLS CLUB (A company limited by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Statsmont of fund$ Icontinu•dl Statsmgnt oflund¥ - prlor year 8818nc8 81 31 B818nce at l Apnl 2023 Income Expenditu 2024 Unr•¥trlcl•d funds DeBlgn•tsd fund• Designated Fund 5,660 (761) 4,899 Qen•rnl fvnd• General Fund 26,985 218,589 f260,814) 115,240J Tot•1 Unr••trlcted funds 32,645 218,589 f261,575J 110.341J R••trlct•d fund8 Capital Asset Fund Teyco- Breakfa51 Club MTC8C- Summerfest Merthyr Tydfil C8C MTCBC . Experience Day MTCBC- SETS Grant 202312024 MTCBC- UKSPF Grant MTCBC- Warm Hub Session8 UK Lottery- Lonely & Isolated MTCBC- SETS Grant 202112022 MTCBC - Playfest 94,115 850 f29,426) (850) {2,200) (76.500) (3.396) 125.OQO) (20,000) (5,667) (8,600) (2, 784) (708) 64,689 2,200 76,5QO 3,396 25,000 20,000 8,590 8,600 2,833 2, 784 1,410 708 97,749 145,612 (175.131) 68,230 Total of fun(ls 130,394 364,2Ql (436, 706) 57,889 Page 34
THE PANT & DOWLAIS BOYS & GIRLS CLUB IA company Ilmlt•d by gu•rantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Summary ol fund¥ Summary of fvnd8 - current ymr Bal•nc• at 31 March 2025 8alanc• at 1 Aprll 2024 Incom• Exp•ndltur• Deslgnated fund8 General funds Restricted fund¥ 4,899 115,2401 68,230 17611 {271.972) {111.6091 4,138 122,6681 $4,421 264.644 97.700 $7.889 362,344 1384,2421 35,991 Summary offvnd8- prlory•ar Balance al 31 Mah 2024 Balance at 1 April 2023 Inffle Sxpendilu DeJIgnal funds General funds Reglrfcted fvnds 5,660 26,985 97,749 (761) (260,8141 (175, 131) 4,899 f15,240J 68,230 218,589 145,612 130,394 364,201 (436, 7061 57,889 19. Analy318 of net 888ets botr•Men funds Analy81• of net 4180ts b•*••n fund• . current y•ar R•strlctsd Unr•strlcted funds fund¥ 2025 2025 Tot•1 funds 2025 Tangible fixed assets Current assets 58,654 39,901 (44.1341 4,137 110,8471 (11.7201 62.791 29,054 155,8541 Creditors due within one year Total 54,421 {18.4301 31991 Page 35
THE PANT & DOWLAIS BOYS & GIRLS CLUB IA company Ilmlted by guarantsèl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 MARCH 2025 Analysis of n•t a8S•t8 betOn funds (continu•dl Analysls of net assets betwoen funds- prlor y•ar R8slncted Unreslricl8d funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due vAlhin one year 64,688 3,542 4,899 20,177 (35,417) 69,587 23, 719 (35,417) Total 68,230 fl0,341) 57,889 Oyratlng l•a•• ¢ommltm•nt• At 31 March 2025 the Charity had ¢orTrmitmenl8 lo make future minlmum lea payments under non- cancellable operating leases as follows.. 202S 2024 Not later than 1 year Later than 1 year and nol18ter than 5 years Later than 5 years 30,000 40,000 304,082 20, tA 40, 000 314,082 374,082 374, 982 The charity li cumelly in the process of renegotlaling the l•rm$ of Ihelr loese wth Merthyr Council. 21. R•lat•d party tran•a¢tlt)n¥ Durfng the perfod, the followng transacts'ons took place wlh related parties.. Two of the tru8tee8 ollhe charity gre connected to Merthyr Tydfil Car Auction Limited. During the year goods 9nd services vlere suppl free of charge aj a donation in kind lo the dub by Merthyr Tydfil Car Auction Limited toialing £144,93712024'. £127,832). These transaclions are deemed to have been at values con51Stent wlh those that the charity would have lo pay in the open market and were for Activities related items of £138,889 12024.. £126,434) and Administrative and Governance related items of £6,04812024 . £1,398). Merthyr Tydfil Car Auction Limrted also donated £20,000 during the year as an unre5tn.cted donation. Page 36