**REGISTERED COMPANY NUMBER: 07667261 (England and Wales) REGISTERED CHARITY NUMBER: 1143553**
**Report of the Trustees and Unaudited Financial Statements for the Period 30 November 2021 to 29 November 2022 for Cardiff Central Youth Club Ltd**
BYB Accountancy Ltd 39 Cardiff Road Llandaff Cardiff CF5 2DP
**Cardiff Central Youth Club Ltd**
## **Contents of the Financial Statements For the period 30 November 2021 to 29 November 2022**
||Page|
|---|---|
|Report of the Trustees|3|
|Independent Examiner’s Report|7|
|Statement of Financial Actvites|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10|
Page 2
## **Cardiff Central Youth Club Ltd (Registered number: 07767261)**
## **Report of the Trustees**
## **For the period 30 November 2021 to 29 November 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 29[th] November 2022. The Trustees have adopted the provision of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1[st] January 2019).
## **Objectives and Activities**
## **Objectives and aims**
The charity is governed by its Articles of Association.
The charity’s purpose is to:
-Provide facilities for the local community to participate in amateur sports and leisure activities.
-Provide sports activities in a safe, clean and supervised environment.
## **How our activities deliver public benefit**
We follow Charities Commission guidance on public benefit and the charging of fees with our objects.
The charity provides gymnastics and other physical recreation facilities for the benefit of young people in Cardiff and the surrounding areas. The charity is situated in a socially deprived area of the city (the area of Splott, where the charity is based, is in the 10% most deprived areas of Wales as declared in the 2014 Welsh Index of Multiple deprivation).
Gymnastics requires specialist equipment and high ratios of qualified coaches to gymnasts to meet requirements of the Governing Body. The charity will always need to charge fees for the use of the facilities. However, we constantly review our fee structures and spending to ensure that activities are as affordable as possible.
The charity provides gymnastics training with British Gymnastics and Welsh Gymnastics qualified coaches. We offer opportunities for young people to participate at all levels of gymnastics. We also host competitions.
The gymnastics facilities are open seven days a week, offering a variety of activities to suit all ages and abilities. These include but are not exclusive of;
Parent and toddler play gymnastics sessions Structured tiny tumblers gymnastics session Pay as you go recreational gymnastics sessions Recreation gymnastics courses Girls Novice Squad Girls Advanced Squad Girls Elite Squad Boys Novice Squad Boys Advanced Squad Boys Elite Squad Teen Gym Adult recreation sessions
We aim to introduce young people to the rewards of living a healthy, physical lifestyle. We teach the importance of regular exercise, healthy food choices and aspire to inspire young people to enjoy a healthy lifestyle.
Page 3
**Cardiff Central Youth Club Ltd (Registered number: 07767261)**
## **Report of the Trustees**
## **For the period 30 November 2021 to 29 November 2022**
## **Achievements and Performance**
## **Achievements and performance summary**
The Covid pandemic as it did for most organisations across the UK presented deep challenges to the club. These considerable challenges have made the club more resilient and have shown that there is a continuing deep vein of passion and commitment within the membership of the club. The Trustees, staff, and volunteers at CCYC are determined to continue to support and develop the charity to provide gymnastic opportunities for all in the community it serves.
Improved management in the year has focussed on developing the Club’s financial performance which was seriously undermined by the pandemic. The newly recruited Centre Manager has worked closely with the Board to ensure improved financial systems and general financial health and a reserve fund has been enhanced with the aim of improving resilience should there be any future threats to business continuity. £31000.00 has been allocated in year as a first step to achieving an optimal reserve for the club moving forwards.
The cost of running a large gymnastic facility, ensuring that it is staffed and equipped to the national governing standards to meet safety and welfare needs is always high. Staffing is the main cost, and this has been stabilised following previous year’s staffing review although ensuring sufficient coaching resources at scale remains a significant challenge. There has been an increased focus on staff development with investment in further training so more staff can coach at a higher level.
There has also been further investment in health and safety and external consultants have been engaged to support best practice in health and safety as well as improved staff management.
The club has continued to benefit from the support of the Cardiff City Council and has remained in dialogue with respect to the negotiation of the lease on a peppercorn rent. Heads of terms are agreed. It is hoped that the lease will be resolved shortly, and the Club has appointed solicitors to help with the completion of this.
## **Investment performance**
This year the Charity has consolidated its costs to provide its purpose.
Gymnastics equipment to the value of £1,682 was purchased during the year.
## **Trustees**
We remain in the process of formalising new Trustee appointments to ensure we are in line with Charities Commission guidelines. The cooperation and hard work of the club committee has been essential in retaining the club this year. However, finding enough suitable persons willing to consistently undertake the duties of trustees remains a challenge and it is anticipated the club will undertake a wider recruitment drive to improve trustee numbers.
## **Financial Review**
## **Financial position**
The charity made a surplus of £13,834 (2020/21: surplus of £12,198). The total unrestricted net assets stand at £49,480 (2020/21: £35,646).
Income increased to £311,826 (2020/21: £233,213), with the easing of covid restrictions across England and Wales.
The average monthly number of staff employed by the club remained at 18 (2020/21: 18).
Page 4
**Cardiff Central Youth Club Ltd (Registered number: 07767261)**
## **Report of the Trustees**
## **For the period 30 November 2021 to 29 November 2022**
## **Reserves Policy**
The Trustees have recognised an amount should be retained in unrestricted reserves to continue with the current activities of the charity in the event of a decrease in income. This amount is not committed or invested in tangible fixed assets (‘the free reserves’). Reserves are needed to bridge the gap between the spending and receiving of resources to cover unplanned emergency repair and other expenditure.
The Trustees consider the ideal level of free reserves should be £160,000. This is calculated as the amount needed for 3 to 6 months budgeted expenditure.
However, as of 29 November 2022, the level of free reserves stood at £31,035 (2020/21: £12,915). Our aim over the longer term is to increase the amount held in reserves.
## **Structure, Governance and Management**
## **Governing document**
The organisation is a charitable company limited by guarantee. It was incorporated on the 13[th] June 2011 and registered as a charity on the 1[st] December 2012. The company was formed under a memorandum of association. The memorandum of association sets out the objectives, governance and powers of the charitable company.
## **Corporate Governance**
The Trustees make a valuable contribution to the strategy, management and day to day running of the Charity. They carry out the Charity’s strategy and policy framework. The Board of Trustees meets regularly to discuss the charity’s financial performance and strategic planning. Minutes are kept of all meetings. The Board of Trustees makes decisions that affect the strategic direction and approve substantial financial commitments. Each Trustee has one vote and decisions are made when there is a majority.
There have been no significant changes in policy during the year.
## **Organisational structure**
The club has a volunteer committee led by a Trustee chair. Other key positions are Club Secretary and Treasurer. The committee has sub committees as needed. It meets monthly with minutes kept and reported to the Trustees. The coaches are led by 2 head coaches and have representatives on the committee.
## **Wider network**
The club is affiliated to Welsh Gymnastics and British gymnastics and follows the policies of these governing bodies with regards to health and safety, safeguarding, anti-doping, conduct and equality.
## **Risk management**
The trustees have reviewed the major risks the charity might be exposed to. The trustees monitor and respond to risk on a monthly basis or when needed.
## **Reference and Administrative Details**
## **Registered Company Number**
07667261 (England and Wales)
## **Registered Charity Number**
1143553
Page 5
## **Cardiff Central Youth Club Ltd (Registered number: 07767261)**
## **Report of the Trustees**
## **For the period 30 November 2021 to 29 November 2022**
## **Registered Office**
Cardiff Central Youth club Ocean Park Ocean Way Cardiff CF24 5EF
## **Trustees**
P Bryan G L Wilsher M Higgins
## **Independent Examiner**
Gary Butt BYB Accountancy ltd 39 Cardiff Road Llandaff Cardiff CF5 2DP
This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on and signed on its behalf by
P Byron – Trustee
Page 6
**Independent Examiners Report to the Trustees of Cardiff Central Youth Club Ltd (Registered number: 07667261)**
## **Independent examiners report to the trustees of Cardiff Central Youth Club Ltd (‘the Company’)**
I report to the charity trustees on my examination of the accounts of the Company for the period 30 November 2021 to 29 November 2022.
## **Responsibilities and basis of the report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement – matters of concern identified**
I have completed my examination.
I draw attention to note 2 in the financial statement which indicates that the charity holds free reserves of £31,035 at the period end which is significantly lower than the aspired levels noted within the reserves policy in the Trustees Report. However, this figure is improving significantly year on year and should this trend continue the aspired level of reserves could be reached within the next 7 years.
I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
1. 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
3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement the accounts give a true and fair view which is not a matter considered as part of an independent examination; and
4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
## **The impact of uncertainties due to the current economic climate on our independent examination**
The charity is recovering well from the Covid 19 crisis. However, the current cost of living crisis is creating a large amount of economic uncertainty. This uncertainty is relevant to the independent examination and the appropriateness of the going concern basis of preparation of the financial statements and associated disclosures. All of these depend upon assessments of the future economic environment and the Charity’s future prospects and performance. We have applied a standardised approach in response to the above uncertainty when assessing the Company’s future prospects and performance.
Gary Butt FMAAT Independent Examiner BYB Accountancy Ltd 39 Cardiff Road Llandaff CF5 2DP
Page 7
**Cardiff Central Youth Club Ltd**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the period 30 November 2021 to 29 November 2022**
|**Notes**
**Income and Endowments from**
**Charitable Actvites**
Recreaton and other leisure
facilites
**4**
Other trading actvites
**3**
Other income
**5**
**Total**
**Expenditure on**
Raising funds
**6**
**Charitable actvites**
Recreaton and other leisure
facilites
**7**
**Total**
**NET INCOME/(EXPENDITURE)**
**Reconciliaton of Funds**
**Total funds brought forward**
**Total funds carried forward**|**Period**
**30.11.21**
**to**
**29.11.22**
**Unrestricted**
**fund**
**£**
171,552
139,715
559
**311,826**
8,674
289,318
297,992
**13,834**
35,646
49,480|**Period**
**30.11.20**
**to**
**29.11.21**
**Unrestricted**
**fund**
**£**
110,873
57,715
64,625|
|---|---|---|
|||**233,213**
3,840
217,175|
|||221,015|
|||**12,198**|
|||23,448|
|||35,646|
The notes form part of these financial statements
Page 8
**Cardiff Central Youth Club Ltd**
## **Balance Sheet**
## **29 November 2022**
|**Notes**
**Fixed Assets**
Tangible assets
**13**
**Current Assets**
Stocks
**14**
Debtors
**15**
Cash at bank
**Creditors**
Amounts falling due within one year
**16**
**Net current assets**
**Total assets less current liabilites**
**Creditors**
Amounts falling due afer more than
one year
**17**
**NET ASSETS**
**Funds**
Unrestricted funds
**20**
**Total funds**|**Period**
**30.11.21**
**to**
**29.11.22**
**Unrestricted**
**fund**
**£**
18,445
500
6.012
77,130
83,642
(22,684)
60,958
79,403
(29,923)
49,480
49,480|**Period**
**30.11.20**
**to**
**29.11.21**
**Unrestricted**
**fund**
**£**
22,731
500
8,404
66,910|
|---|---|---|
|||75,814|
|||(23,209)|
|||52,605|
|||75,336
(39,690)
35,646|
|||35,646|
The charitable company is entitled to exemption from audit under Section 477 of the companies Act 2006 for the period ended 29 November 2022. The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2022 in accordance with Section 476 of the companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with sections 386 and 387 of the Companies Act 2006
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small financial companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by:
P Byron – Trustee
The notes form part of these financial statements
Page 9
## **Cardiff Central Youth Club Ltd**
## **Notes to the Financial Statements**
## **For the period 30 November 2021 to 29 November 2022**
## **1. Statutory Information**
Cardiff Central Youth Club Limited is a registered charity and private company limited by guarantee having no share capital. The company is incorporated in Wales in the United Kingdom. The registered office is Cardiff Central Youth club, Ocean Park, Ocean Way, Cardiff, C24 5EF. The nature of the company’s operations and principal activities is disclosed within the Report of the Trustees.
The financial statements are presented in Sterling (£), the company’s functional currency and rounded to the nearest pound.
## **2. Accounting policies**
Basis for preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 120) (effective 1 January 2019)’, financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Cardiff Central Youth Club Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction values unless otherwise stated in the relevant accounting policy, detailed below.
These financial statements have been prepared in compliance with the Charities SORP FRS 102.
## **Going concern**
The financial statements have been prepared on a going concern basis despite a degree of material uncertainty as a result of the Charity holding free reserves at the period end of £31,035 which is significantly below the aspired reserves policy set in the Trustees Report.
The charitable company has implemented policies which will ensure that current liabilities continue to be met for the foreseeable future and that surpluses will be reported in future reporting periods. In particular, in response to the COVID-19 pandemic, the Trustees have tested their cash flow analysis to take in to account the impact on the charity of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.
## **Income**
All income is recognised in the statement of Financial Activities once the charity has entitlement to the fund, it is probable that the income will be received, and the amount can be measured reliably.
## **Other trading activities income**
Income from other trading activities includes income from facilities hire, café, shop and other sources. This income is recognised as the related services are provided and there is entitlement, probability of receipt and the amount can be measured with sufficient reliability.
It is not the policy of the charity to show incoming resources net of expenditure.
Page 10
**Cardiff Central Youth Club Ltd**
## **Notes to the Financial Statements**
## **For the period 30 November 2021 to 29 November 2022**
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Expenditure on costs of raising funds include purchases of stocks.
## **Expenditure**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee’s meetings, and the cost of any legal advice to trustees on governance or constitutional matters.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% straight line Improvement to property - 10% straight line
Fixed assets are initially recorded at cost. Only assets which cost £500 or more are capitalised.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.
## **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. Given that incoming resources for the charity have no further specified purpose, the trustees deem them to be unrestricted and available as general funds.
Restricted funds can only be used for a particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular or restricted purposes.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 11
## **Cardiff Central Youth Club Ltd**
## **Notes to the Financial Statements For the period 30 November 2021 to 29 November 2022**
## **Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **Government grants**
Government grants represent income receivable in relation to the UK government COVID-19 job retention scheme and business support grants. This is recognised in the period in which it becomes receivable.
## **3. Other trading activities**
|Sponsorship
Facilites hire
Café Income
Mother & toddler drop in
In house competton fees
4.
**Income from charitable actvites**
**Actvity**
Gymnastc fees
Recreaton and other leisure facilites
Sports Council Wales
Recreaton and other leisure facilites
Welsh Gymnastcs
Recreaton and other leisure facilites
5.
**Other income**
Government grants|**Period**
**30.11.21**
**to**
**29.11.22**
**£**
1,451
50,123
45,598
39,701
2,843
**139,716**
**Period**
**30.11.21**
**to**
**29.11.22**
171,552
-
-
171,552
**Period**
**30.11.21**
**to**
**29.11.22**
**£**
559|**Period**
**01.12.20**
**To**
**29.11.21**
**£**
19,705
26,761
6,670
4,144
434|
|---|---|---|
|||**57,714**|
|||**Period**
**01.12.20**
**To**
**29.11.21**
109,146
-
1,727|
|||110,873|
|||**Period**
**01.12.20**
**To**
**29.11.21**
**£**
64,625|
Page 12
## **Cardiff Central Youth Club Ltd**
## **Notes to the Financial Statements**
## **For the period 30 November 2021 to 29 November 2022**
## 6. **Raising funds** Other trading activities
|Opening stock
Purchases
Closing stock|**Period**
**30.11.21**
**to**
**29.11.22**
**£**
500
8,674
(500)
**8,674**|**Period**
**01.12.20**
**To**
**29.11.21**
**£**
500
3,840
(500)|
|---|---|---|
|||**3,840**|
## **7. Charitable activities costs**
|**haritable actvites costs**||||
|---|---|---|---|
||**Direct Costs**|**Support**|**Totals**|
|||**costs (see**||
|||**note 8)**||
||**£**|**£**|**£**|
|Recreaton and other leisure facilites|204,172|85,146|289,318|
## **8. Support costs**
|**upport costs**|||||||
|---|---|---|---|---|---|---|
||**Management**|**Finance**|**Informaton**|**Other**|**Governanc**|**Totals**|
||||**Technology**||**e Costs**||
||**£**|**£**|**£**|**£**|**£**|**£**|
|Recreaton and other|||||||
|leisure facilites|46,946|2,849|9,903|21,668|3,780|85,146|
## **9. Net income/(expenditure)**
|**et income/(expenditure)**|||
|---|---|---|
||**Period**|**Period**|
||**30.11.21**|**01.12.20**|
||**to**|**To**|
||**29.11.22**|**29.11.21**|
||**£**|**£**|
|Depreciaton – owned assets|5,962|10,175|
|Hire of plant and machinery|15,707|5,851|
|Other operatng leases|-|-|
|Surplus on disposal of fxed assets|-|-|
|Independent examiners fees|1,800|1,800|
## **10. Trustees’ remuneration and benefits**
The remuneration benefits paid during the year to trustees, who were also directors, totals £7,863 (2021: £8,512)
|The following individuals received remuneraton for the period in which they were trustees during|The following individuals received remuneraton for the period in which they were trustees during|The following individuals received remuneraton for the period in which they were trustees during|the fnancial year:|
|---|---|---|---|
|Michael Higgins|**2022**|**2021**||
||**£**|**£**||
|Salary|7,813|8,512||
|Benefts in Kind|-||-|
|Pension benefts|50||-|
|Total remuneraton package|**7,863**|**8,512**||
Michael Higgins is employed as the head boys coach for the charity. He was not paid to be a trustee of the charity.
This remuneration is made by way of provision in the Charity’s governing documents.
Page 13
## **Cardiff Central Youth Club Ltd**
## **Notes to the Financial Statements For the period 30 November 2021 to 29 November 2022**
## **11. Staff costs**
|Wages and salaries
Social security costs
Other pension costs
The average number of employees during the period was as follows:
Management
Support
There were no redundancies during the year (2021: 1).
**12. Comparatves for the Statement of Financial Actvites**
**Income and endowments from charitable actvites**
Recreaton and other leisure facilites
Other trading actvites
Other income
**Total**
**Expenditure on**
Raising funds
**Charitable actvites**
Recreaton and other leisure facilites
**Total**
**NET INCOME/(EXPENDITURE)**
**Reconciliaton of funds**
Total funds brought forward
Total funds carried forward|**Period**
**30.11.21**
**to**
**29.11.22**
**£**
196,940
3,256
2,217
**202,413**
**Period**
**30.11.21**
**to**
**29.11.22**
1
17
**18**|**Period**
**01.12.20**
**To**
**29.11.21**
**£**
132,902
315
1,686
**134,903**
**Period**
**01.12.20**
**To**
**29.11.21**
1
17
**18**
**Unrestricted**
**fund**
**£**
110,873
57,715
64,625|**Period**
**01.12.20**
**To**
**29.11.21**
**£**
132,902
315
1,686|
|---|---|---|---|
||||**134,903**|
||||**Period**
**01.12.20**
**To**
**29.11.21**
1
17|
||||**18**|
|||**233,213**||
|||3,840
217,175||
|||**221,015**||
|||**12,198**
23,448
35,646||
Page 14
## **Cardiff Central Youth Club Ltd**
## **Notes to the Financial Statements For the period 30 November 2021 to 29 November 2022**
|**13. Tangible fxed assets**
**Improvements**
**to Property**
**£**
**Cost**
At 30 November 2021
33,796
Additons
-
Disposals
-
At 29 November 2022
33,796
**Depreciaton**
At 30 November 2021
15,755
Charge for the year
3,380
Eliminated on disposal
-
At 29 November 2022
19,135
**Net book value**
At 29 November 2022
14,661
At 29 November 2021
18,043
**14. Stocks**
Stocks
**15. Debtors: Amounts falling due within one year**
Trade debtors
Prepayments
**16. Creditors: Amounts falling due within one year**
Bank loans and overdrafs (see note 18)
Other loans (see note 18)
Trade creditors
Social Security and other taxes
Other creditors
**17. Creditors: Amounts falling due afer more than one year**
Bank loans (see note 18)
Other loans (see note 18)|**Plant and**
**Machinery**
**£**
65,244
1,682
-
66,926
60,556
3,002
-
63,558
3,368
4,688
**2022**
**£**
500
**2022**
**£**
5,954
58
**6,012**
**2022**
**£**
9,767
-
1,366
8,550
3,001
**22,684**
**2022**
**£**
29,923
-
**29,923**|**Totals**
**£**
99,040
1,682
-
100,722
76,311
6,382
-
82,693
18,029
22,731
**2021**
**£**
500
**2021**
**£**
8,101
341|
|---|---|---|
|||**8,442**|
|||**2021**
**£**
9,527
3,742
5,226
1,704
3,010|
|||**23,209**|
|||**2021**
**£**
36,690
-|
|||**39,690**|
Page 15
## **Cardiff Central Youth Club Ltd**
## **Notes to the Financial Statements**
## **For the period 30 November 2021 to 29 November 2022**
## **18. Loans**
An analysis of the maturity of loans is given below:
|**2022**
**£**
Amounts falling due within one year on demand
Bank loans
9,768
Other loans
-
**9,768**
Amounts falling due between one and two years
Bank loans - 1-2 years
20,282
Other loans - 1-2 years
-
**20,282**
Amounts falling due between two and fve years
Bank loans – 2-5years
9,640
Other loans – 2-5 years
-
**9,640**
**19. Leasing agreements**
Minimum lease payments under non-cancellable operatng leases fall due as follows:
**2022**
**£**
Within one year
2,513
Between one and fve years
-
**2,513**|**2021**
**£**
9,527
3,742|
|---|---|
||**13,269**|
||19,782
-|
||**19,782**|
||19,908
-|
||**19,908**|
||**2021**
**£**
15,619
-|
||**15,619**|
Page 16
## **Cardiff Central Youth Club Ltd**
## **Notes to the Financial Statements For the period 30 November 2021 to 29 November 2022**
## **20. Movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatve movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|**At**
**30.11.21**
**£**
35,646
35,646
as follows
**Incoming**
**Resources**
**£**
311,826
**311,826**
**At**
**01.12.20**
**£**
23,448
**23,448**|**Net**
**Movement in**
**Funds**
**£**
13,837
13,837
**Resources**
**Expended**
**£**
(297,989)
**(297,989)**
**Net**
**Movement**
**in Funds**
**£**
12,198
**12,198**||**At**
**29.11.22**
**£**
49,483|
|---|---|---|---|---|
|||||49,483|
|||||**Movement**
**in Funds**
**£**
13,837|
|||||**13,837**|
|||||**At**
**29.11.21**
**£**
35,646|
|||||**35,646**|
Comparative net movement in funds, included in the above are as follows
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**Resources**
**£**
233,213
**233,213**|**Resources**
**Expended**
**£**
(221,015)
**(221,015)**|**Movement**
**in Funds**
**£**
12,198|
|---|---|---|---|
||||**12,198**|
Page 17
**Cardiff Central Youth Club Ltd**
## **Notes to the Financial Statements**
## **For the period 30 November 2021 to 29 November 2022**
## **21. Related party disclosures**
There were no other related party transactions for the period ended 29 November 2022 nor the year ended 29 November 2021 except for those disclosed in note 10.
## **22. Company limited by guarantee**
The charity is a company limited by guarantee. Members have agreed to contribute £1 in the event of winding up.
Page 18