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2025-11-30-accounts

REGISTERED COMPANY NUMBER: 07667261 (England and Wales) REGISTERED CHARITY NUMBER: 1143553

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 29 November 2025

for

Cardiff Central Youth Club Ltd

BYB Accountancy Ltd Incorporated Financial Accountants 39 Cardiff Road Llandaff Cardiff South Glamorgan CF5 2DP

Cardiff Central Youth Club Ltd

Contents of the Financial Statements for the Year Ended 29 November 2025

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 14
Detailed Statement of Financial Activities 15 to 16

Cardiff Central Youth Club Ltd

Report of the Trustees for the Year Ended 29 November 2025

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 November 2025. The trustees have adopted the provisions 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 January 2019).

Objectives and activities Objectives and aims

The charity is governed by its Articles of Association.

Significant activities

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.

Public benefit

We follow the 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.

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 1

Cardiff Central Youth Club Ltd

Report of the Trustees for the Year Ended 29 November 2025

Achievements and performance

Charitable activities

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. This is reflected in the accounts again this year. Staffing is the main cost, although continually 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 are to be engaged to support best practice in health and safety as well as improved staff management. This is a primary concern to trustees who recognise the particular risks attached to the sport of gymnastics in relation to safeguarding and wellbeing which is high profile especially in relation to women's gymnastics. Finding and retaining enough trustees to robustly govern the club is challenging

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.

Reserves have increased this year and will be a continuing focus going forward.

Investment performance

This year the Charity has consolidated its costs to provide its purpose.

Financial review

Financial position

The charity made a surplus of £33,309 (2023/24: deficit of £13,964). The total unrestricted net assets stand at £60,703 (2023/24: £27,394).

Income increased to £447,165 (2023/24: £406,378).

Income has increased this year and costs have been controlled well. This is reflected in the increase in the surplus. The strategies that were put in place in the previous year have paid off and the club continues to work hard to build on this going forward.

The average monthly number of staff employed by the club were 25 (2024/25: 25).

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 2025, the level of free reserves stood at £54,175 (2023/24: £16,483). 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 13th June 2011 and registered as a charity on the 1st 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.

Recruitment and appointment of new trustees

Currently there are three trustees, and the club is always looking for suitable additional trustees for the Board. However, recruiting trustees with the right blend of skills and objectivity as well as willingness to accept the risks of a gymnastics club is difficult. Recruitment is ongoing.

Page 2

Cardiff Central Youth Club Ltd

Report of the Trustees for the Year Ended 29 November 2025

Structure, governance and management

Organisational structure

The Club Manager who as the Club's senior officer reports to the Board and takes direction and supervision. The Manager is assisted by key staff who also provide coaching.

Decision making

The Trustees are responsible for the strategy, management and day to day running of the Charity. They formulate the Charity's strategy and policy framework and oversee the smooth running of the club. 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.

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 a duty to identify and review the risks to which the Club is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Reference and administrative details

Registered Company number

07667261 (England and Wales)

Registered Charity number

1143553

Registered office

Cardiff Central Youth Club Ocean Park Ocean Way Cardiff CF24 5EF

Trustees

P W Bryon Director (resigned 17.10.25) M J Higgins Trustee Ms G L Wilsher Trustee (resigned 7.5.25) Ms L Harvey (appointed 7.5.25) Mrs S George (appointed 17.10.25)

Independent Examiner

BYB Accountancy Ltd Incorporated Financial Accountants 39 Cardiff Road Llandaff Cardiff South Glamorgan CF5 2DP

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................

Page 3

Cardiff Central Youth Club Ltd

Report of the Trustees for the Year Ended 29 November 2025

Ms L Harvey - Trustee

Page 4

Independent Examiner's Report to the Trustees of Cardiff Central Youth Club Ltd

Independent examiner's 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 year ended 29 November 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible 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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  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

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. 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 (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Gary Butt FMAAT The Association of Accounting Technicians

BYB Accountancy Ltd Incorporated Financial Accountants 39 Cardiff Road Llandaff Cardiff South Glamorgan CF5 2DP

Date: .............................................

Page 5

Cardiff Central Youth Club Ltd

Statement of Financial Activities for the Year Ended 29 November 2025

2025
Unrestricted
fund
Notes
£
Income and endowments from
Recreation and other leisure facilites
280,516
Other trading activities
2
166,333
Investment income
3
316
Total
447,165
Expenditure on
Raising funds
17,754
Charitable activities
Direct wage costs
279,805
Other
116,297
Total
413,856
NET INCOME/(EXPENDITURE)
33,309
Reconciliation of funds
Total funds brought forward
27,394
Total funds carried forward
60,703		 2024
Total
funds
£
228,414
175,418
2,545
406,377
21,947
285,545
112,849
420,341
(13,964)
41,358
27,394

The notes form part of these financial statements

Page 6

Cardiff Central Youth Club Ltd

Balance Sheet 29 November 2025

2025
Unrestricted
fund
Notes
£
Fixed assets
Tangible assets
8
6,528
Current assets
Stocks
9
1,846
Debtors
10
16,447
Cash at bank and in hand
77,205
95,498
Creditors
Amounts falling due within one year
11
(41,323)
Net current assets
54,175
Total assets less current liabilities
60,703
Creditors
Amounts falling due after more than one year
-
NET ASSETS
60,703
Funds
13
Unrestricted funds
60,703
Total funds
60,703		 2024
Total
funds
£
10,910
1,824
10,468
55,983
68,275
(42,151)
26,124
37,034
(9,640)
27,394
27,394
27,394

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

Cardiff Central Youth Club Ltd

Balance Sheet - continued 29 November 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. L Harvey - Trustee

The notes form part of these financial statements

Page 8

Cardiff Central Youth Club Ltd

Notes to the Financial Statements for the Year Ended 29 November 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have 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 102) (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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost Fixtures and fittings - 25% on cost Computer equipment - 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance 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.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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.

continued...

Page 9

Cardiff Central Youth Club Ltd

Notes to the Financial Statements - continued for the Year Ended 29 November 2025

2. OTHER TRADING ACTIVITIES

Parent & toddler drop in
Facilities hire
Café income
In house competition fees
3.
INVESTMENT INCOME
Bank interest received
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration for non audit work
Depreciation - owned assets
5.
TRUSTEES' REMUNERATION AND BENEFITS		 2025
£
54,538
48,103
49,186
14,506
166,333
2025
£
316
2025
£
2,400
4,382		 2024
£
62,192
43,571
55,531
14,124		 2024
£
62,192
43,571
55,531
14,124
175,418
2024
£
2,545
2024
£
4,180
7,378

The remuneration benefits paid during the year to trustees, who were also directors, totals £32,527 (2024: £10,444)

The remuneration was for Michael Higgins who is employed as the head boys coach for charity, and Lisa Harvey. They were not paid to be trustees of the charity.

This remuneration is made by way of provision in the Charity's governing documents.

Trustees' expenses

There were no trustees' expenses paid for the year ended 29 November 2025 nor for the year ended 29 November 2024.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2025 2024
Management and coaching staff 25 25

No employees received emoluments in excess of £60,000.

continued...

Page 10

Cardiff Central Youth Club Ltd

Notes to the Financial Statements - continued for the Year Ended 29 November 2025

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Income and endowments from
Recreation and other leisure facilites
Other trading activities
Investment income
Total
Expenditure on
Raising funds
Charitable activities
Direct wage costs
Other
Total
NET INCOME/(EXPENDITURE)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
8.
TANGIBLE FIXED ASSETS
Improvements
to
property
£
Cost
At 30 November 2024 and
29 November 2025
33,796
Depreciation
At 30 November 2024
25,894
Charge for year
3,379
At 29 November 2025
29,273
Net book value
At 29 November 2025
4,523
At 29 November 2024
7,902		 Unrestricted
fund
£
228,414
175,418
2,545
406,377
21,947
285,545
112,849
420,341
(13,964)
41,358
27,394
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
70,158
2,348
106,302
67,150
2,348
95,392
1,003
-
4,382
68,153
2,348
99,774
2,005
-
6,528
3,008
-
10,910

continued...

Page 11

Cardiff Central Youth Club Ltd

Notes to the Financial Statements - continued for the Year Ended 29 November 2025

9.
STOCKS
2025
2024
£
£
Stocks
1,846
1,824
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade debtors
10,374
3,993
Other debtors
4,669
2,983
Prepayments
1,404
3,492
16,447
10,468
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Bank loans and overdrafts (see note 12)
9,640
10,268
Trade creditors
8,458
6,141
Social security and other taxes
3,912
3,238
Other creditors
16,313
22,504
Accrued expenses
3,000
-
41,323
42,151
12.
LOANS
An analysis of the maturity of loans is given below:
2025
2024
£
£
Amounts falling due within one year on demand:
Bank loans
9,640
10,268
Amounts falling between one and two years:
Bank loans - 1-2 years
-
9,640
13.
MOVEMENT IN FUNDS
Net
At
movement
At
30.11.24
in funds
29.11.25
£
£
£
Unrestricted funds
General fund
27,394
33,309
60,703
TOTAL FUNDS
27,394
33,309
60,703		 2024
£
1,824
2024
£
3,993
2,983
3,492
10,468
2024
£
10,268
6,141
3,238
22,504
-
42,151
2024
£
10,268
9,640
60,703

continued...

Page 12

Cardiff Central Youth Club Ltd

Notes to the Financial Statements - continued for the Year Ended 29 November 2025

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
447,165
447,165		 Resources
Movement
expended
in funds
£
£
(413,856)
33,309
(413,856)
33,309		 Resources
Movement
expended
in funds
£
£
(413,856)
33,309
(413,856)
33,309
33,309

Comparatives for movement in funds

Net
At movement At
30.11.23 in funds 29.11.24
£ £ £
Unrestricted fund 41,358 (13,964) 27,394
TOTAL FUNDS 41,358 (13,964) 27,394

Comparative net movement in funds included in the above are as follows:

Incoming
resources
£
Unrestricted fund
406,377
TOTAL FUNDS
406,377
A current year 12 months and prior year 12 months combined position is as follows:
At
30.11.23
£
Unrestricted fund
41,358
TOTAL FUNDS
41,358		 Resources
Movement
expended
in funds
£
£
(420,341)
(13,964)
(420,341)
(13,964)
Net
movement
At
in funds
29.11.25
£
£
19,345
60,703
19,345
60,703		 Resources
Movement
expended
in funds
£
£
(420,341)
(13,964)
(420,341)
(13,964)
Net
movement
At
in funds
29.11.25
£
£
19,345
60,703
19,345
60,703		 Resources
Movement
expended
in funds
£
£
(420,341)
(13,964)
(420,341)
(13,964)
Net
movement
At
in funds
29.11.25
£
£
19,345
60,703
19,345
60,703
(13,964)
At
29.11.25
£
60,703
60,703
60,703

continued...

Page 13

Cardiff Central Youth Club Ltd

Notes to the Financial Statements - continued for the Year Ended 29 November 2025

13. MOVEMENT IN FUNDS - continued

Net movement in funds included in the above are as follows:

Unrestricted fund
TOTAL FUNDS		 Incoming
resources
£
853,542
853,542		 Resources
Movement
expended
in funds
£
£
(834,197)
19,345
(834,197)
19,345		 Resources
Movement
expended
in funds
£
£
(834,197)
19,345
(834,197)
19,345
19,345

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 29 November 2025.

Page 14

Cardiff Central Youth Club Ltd

Detailed Statement of Financial Activities for the Year Ended 29 November 2025

Income and endowments
Recreation and other leisure facilites
Donations
Gymnastics fees
Other trading activities
Parent & toddler drop in
Facilities hire
Café income
In house competition fees
Investment income
Bank interest received
Total incoming resources
Expenditure
Other trading activities
Purchases
Charitable activities
Wages
Social security
Pensions
Support costs
Management
Management
Finance
Bank charges
Bank interest
Information technology
Repairs and renewals
Sundries
Other
Depreciation of tangible fixed assets		 2025
£
7,386
273,130
280,516
54,538
48,103
49,186
14,506
166,333
316
447,165
17,754
267,348
9,026
3,431
279,805
99,211
4,062
457
4,519
3,959
1,826
5,785
4,382		 2024
£
-
228,414
228,414
62,192
43,571
55,531
14,124
175,418
2,545
406,377
21,947
267,451
13,940
4,154
285,545
85,341
6,196
786
6,982
6,212
2,756
8,968
7,378

This page does not form part of the statutory financial statements

Page 15

Cardiff Central Youth Club Ltd

Detailed Statement of Financial Activities for the Year Ended 29 November 2025

Other
Governance costs
Auditors' remuneration for non audit work
Total resources expended
Net income/(expenditure)		 2025
£
2,400
413,856
33,309		 2024
£
4,180
420,341
(13,964)

This page does not form part of the statutory financial statements

Page 16