## SWANSEA ABERTAWE **Annual Report and Accounts 2019-2020** Contents - 1 Reference and Administrative Details - 2 Chairs Foreward - 3 Structure, Governance & Management - 10 Report of the Trustees For the Year End 31 March 2020 19 Testimonials 20 Awards - 22 Independant Examiners Report 23 Statement of Financial Activities - 24 - 25 Balance Sheet - 26 Cash Flow Statement 27 Notes to the Cash Flow Statement 28 - 44 Notes to the Financial Statements 45 - 46 Detailed Statement of Financial Activities ## **Reference and Administrative Details** ## **Trustees:** Sarah Owens - Chair Phillip Treseder - Trustee Debowale Omale - Trustee Taylor Roberts - Trustee (Retired 27th November 2019) Emma Gilroy - Trustee (Elected 27th November 2019) Graham Smith - Trustee (Elected 27th November 2019) Jayne Brewer - Trustee Debbie Lane - Trustee **Registered Office: Registered Company Number:** 1 The Kingsway, Swansea, SA1 5JQ 8634510 (England and Wales) **Registered Charity Number:** 1154553 **Independent Examiner:** Bevan & Buckland LLP Langdon House Langdon Road SA1 Swansea Waterfront SA1 8QY **1** ## **Chairs Foreward** **“I am privileged and proud to introduce our annual report for 2019/20** **The end of this financial year was one that the world could never have imagined and has beed a transition year for YMCA Swansea where we have taken stock of the increasingly challenging economic and social environment in which we operate.** **This year we have consistently reviewed our business and worked closely with our YMCA Colleagues across Wales to reinfore our impact. It has also been great to establish new collaborations with key partners including Lloyds Foundation to provide support to homeless young people across** **Swansea via our new Y Street Project; BT & Learn My Way Online Centre and Digital Communities Wales to provide accessible digital training in a vibrant community hub open to all; Work with YMCA England and Wales on our new Y Connect Project to promote positive mental health of young people across Swansea.** **We said good bye to some valued colleagues who moved onto pastures new - we would like to thank them for all of their support, drive and enthusiasm that helped us to build a strong, sustainable YMCA Swansea at the heart of the community, committed to creating communities where young people truly do belong contribute and thrive.** **As the Chair, I feel extremely fortunate to work with such talented, dedicated and committed staff and volunteers and this is evidenced through the wonderful work we deliver through our key work with young carers, LGBT young people our employability programmes, health and wellbeing services and so much more. This is clearly shown in the outcomes that we have achieved. I would like to use this opportunity to personally thank everyone from the bottom of my heart - my colleagues on the Board, Staff, Volunteer teams and our young people without whom we couldn’t achieve our very best, for their dedication, expertise and wonderful efforts throughout the year.”** **Sarah Owens Chair YMCA Swansea** **2** ## **Structure, Management & Governance** **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 31 March 2020. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Staatement 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).** ## **Recruitment and appointment of new trustees:** As set out in the Articles of Association, all Trustees and designated officers including the chair is appointed at the AGM. All members are circulated with invitations to nominate Trusteeprior to the AGM. Full lists of those nominated are circulated to members prior to the AGM date for consideration. The term of office for Trustees is three years with the possibility of renewal once. Thereafter there must be a break of two years before being eligible to stand for re-election. In order to implement the new system of continuity within the Trustee Board, a third of Trustees retire each year. Attention of members is drawn to the need to have a balance of representation and diversity including; gender, age, ethnicity, disability, sexuality and geography. The Trustee Board meets no less than four times in each financial year. ## **Fuctions of the Board include:** - To have control of the Charity and its property and funds. -To have responsibility for overall governance and strategic direction. -To develop the aims, objectives and organisational goals in accordance with the legal and regulatory framework of the sector and in line with the organisation’s governing document, continually striving for best practice in governance. - To uphold the fiduciary duty invested in the position, undertaking such duties in a way that adds to public confidence and trust. - Interviewing, appointing and monitoring the work and activities of senior paid staff. ## **The Trustee Board members are required to sign a Code of Conduct Declaration and Register of Interest.** **3** ## **Structure, Management & Governance** ## **Induction and Training of New Trustees:** New Trustees receive an induction pack containing the following: - Declaration to act as a Trustee - Terms of Reference - Code of Conduct - Equal Opportunities monitoring form - Declaration of Interest Form - Skills and Knowledge Audit - Charity Commission CC3 document - Responsibilities of Trustees - Memorandum and Articles of Association - Annual Report and Accounts - Information regarding Trustee Board meetings ## **Organisational Structure** The Board of Trustees administers the Charity. The Board meets quarterly and there are sub-committees that report to the Board on a task and finish basis. A Chief Executive is appointed by the Trustees to manage the day-to-day operations of the Charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the Board, for operational matters including finance, employment and performance related activities within the core services. The Trustee Board has oversight of financial matters through reports to each of the Trustee Board meetings and the Trustee Board may amend these powers from time to time. There are 20 full time staff and 2 part time staff. **4** ## **Structure, Management & Governance** ## **STRUCTURE, GOVERNANCE & MANAGEMENT** ## **Related Parties** We would like to thank all of our partners that have worked with us in the past year to help us deliver our services and develop new approaches to meeting the needs of young people and the wider community. ## **Risk Management** The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustee Board has conducted a review of the major risks to which the organisation has been exposed. A risk register has been established and will be updated annually with an appropriate action plan. When necessary, systems and procedures have been established to mitigate the risks the charity faces. Controls are in place to minimise internal risks by the implementation of procedures for authorisation of all transactions and projects. Health & Safety reviews are carried out regularly. **5** ## **Structure, Governance & Management** ## REPORT OF THE TRUSTEES FOR THE YEAR END MARCH 2020 ## OBJECTIVES AND ACTIVITIES YMCA Swansea was established in 1868, is a charity & limited company and operates as a social business. It is governed by a Board of volunteer Trustees, employs 20 people, and has a strong volunteer base. We are part of a Federation of 120 YMCAs in England & Wales and are part of an international movement with 58 million members worldwide. YMCA Swansea is an independant charity, affiliated to YMCA England & Wales, and is responsible for local services and fundraising. All monies raise are spent locally in Swansea and the surrounding are to support local children, young people and communities in need. ## **Vision:** ## **‘Transforming communities, so that young people can belong, contribute and thrive’.** YMCA Swansea aims to tackle poverty, improve health and well being, promote equality & diversity and improve the quality of life for children, young people & communities in Swansea and surrounding areas. Our core Business Services cover 5 Key Areas: **- Health & Wellbeing** **- Training & Education** **- Support & Advice** **- Family Work** **- Accomodation** Our Ethos: **- We seek out** **- We welcome** **- We inspire** **- We Speak out** **- We Serve others** **6** ## **Report of the Trustees** Our YMCA Hub is based in Swansea, and has a regional focus covering Swansea, Camarthenshire, Pembrokeshire, Neath & Port Talbot. We work in partnership with other like minded organisations across Wales to deliver services in North Wales and South East Wales. YMCA Swansea supports 3,000 Vulnerable young people and adults per annum. Our main beneficiaries are disadvantaged and vulnerable children and young people, adults and communities due to poverty, ill health & discrimination. ## **Our Social Businesses are:** - Fitness @ Swansea YMCA - Dojo & Boxing & Martial Arts Centre - Cafe @ Swansea YMCA - City Centre Childcare - providing 75 full-time childcare places - Arts Centre - Theatre, Dance Studios & Recording Studio - Conference Centre - Managed Office Speace & Enterprise pods - Retail Charity Shop ## **Our Teams:** - Youth and Community - Employment, Skills and Training - Health and Wellbeing - Arts ## **The Core Business Offereings:** - Education, Skills and Training - Youth Work, Community Development & Employment Support - Health, Wellbeing & Fitness - Conferencing, Events & Activities - Managed office Suites & Community Hub - Arts & Creative Industries - Childcare - Cafe, Nutrition & Catering - Social Enterprise development - Retail **7** ## **Structure, Management & Governance** YMCA Swansea Strategic Framework ## YMCA Work Areas **----- Start of picture text -----**
HEALTH & WELLBEING ACCOMMODATION
V I S I O N
An inclusive movement
transforming communities,
so that young people
can belong,
contribute and
thrive.
TRAINING & EDUCATION FAMILY WORK
SUPPORT & ADVICE
**----- End of picture text -----**
**8** ## **Structure, Management & Governance** **Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the Trustees have considered the Charity Commission’s general guidance on public benefit.** YMCA work is guided by our core values as follows: ## **Quality** We have clearly defined services that reflect our overall vision and strategic purpose developed in consultation with service users. ## **Equality** We are committed to equality & diversity and ensuring services are accessible and inclusive. ## **Participation** We ensure that young people are involved in the design and delivery of services and that they are involved in the decision-making processes at all levels. ## **Responsive** Holistic services which reflect individual needs. ## **Accountable** Effective and accountable governance, which reflects the ethos of the YMCA. **----- Start of picture text -----**
YMCA YMCA
SWANSEA ABERTAWE SWANSEA ABERTAWE
Josh Lewis
Senior Volunteer
The Y-Engage Young Peoples Project
supports young people aged 16-24 to
find employment training and education.
You’ll have FUN, learn new skils, meet
people and support others to discover
their aspirations whilst achieving yours.
**----- End of picture text -----**
**9** ## **Report of the Trustees** ## **OBJECTIVES AND ACTIVITIES** ## **Strategic Aims** Management & Governance - The management and governance of the YMCA will create value by being efficient, effective and accountable. **Human Resources** - YMCA Staff will have the skills to enable our objectives to be met within a framework that ensure they are supported, appraised, valued and developed. **Finance & Funding** - The YMCA will generate sufficient income to meet it’s objec tives and have appropriate systems to ensure resources are managed efficiently and accountably. **Physical Resources** - The YMCA will have the physical resources required to meet its objectives. **Communication** - The YMCA will effectively communicate both internally and externally with stakeholders. **Training** - The YMCA will provide training and development opportunities to im prove the quality and effectiveness of service delivery. **Education, Skills & Training** - The YMCA provides services for young people and adults to gain access to services to improve educational attainment, skills and employment opportunities. **Youth Work** - The YMCA promoted opportunities for children and young people to gain the knowledge, skills and experience to reach their full potential. Childrens rights are at the heart of our service. **Health, Wellbeing & Fitness** - The YMCA will provide services and support to en able children, young people and adults to lead healthy lives and tackle health inequalities. **10** ## **Report of the Trustees** **Arts -** The YMCA will provide arts services and support to enable children, young people and adults to gain access to arts and music to learn new skills, improve their lives and promote the creative industries. **Community Development -** The YMCA enable local people to decide, plan and take action to meet their own needs and supports the development of local ser vices to become more effective and accessible, directly impacting upon quality of life, economically, socially and improving their health and well-being. **International Work -** The YMCA international education programme, focuses on practical action that raises awareness of our own issues and issues of global re sponsibility. By encouraging this activity in local YMCAs we enhance our work and create experiences that lead to young people having a greater understanding of the world and their own community. **Equality & Diversity -** The YMCA promotes equal rights & diversity in communi ties accross Wales. **Volunteers -** Volunteers are a valued and important resource for the YMCA and are core to the delivery of our services. **11** ## **Report of the Trustees** ## **ACHIEVEMENT AND PERFORMANCE** ## **People:** People are at the ‘heart’ of what we do and are involved in planning, delivery and evaluating our services to ensure that they are relevant, meet need and are fit for purpose. Working in partnership to improve the quality of life for people across Swansea Bay, we provide a diverse range of services to 1,500 people per week and support over 3,000 people per annum. We deliver a wide range of services and provide a supportive environment that cares for the most vulnerable and disadvantaged members of our community. YMCA Swansea has a long standing track record of successful community engagement offering diverse, accessible services and has a dynamic entrepreneurial approach & commitment to social justice. **12** ## **Report of the Trustees** ## **YMCA Projects & Serivces:** YMCA Swansea has extensive experience of delivering services supporting the most vulnerable children, young people and adults in our communities to be come active citizens and gain the skills to live safe, fulfilled, independant lives. ## **Youth Work, Community Development & Employment Support Key Pro grammes:** ## **Young Carers Programme** Supporting young carers aged 8-18 years in Swansea & Neath Port Talbot via the YMCA Schools Programme, Family Programme & Young Carers Club. ## **Good Vibes LGBT+ Youth Forum** Supporting LGBT+ Young People in West Wales aged 11-24 years. Delivering PSE Programmes in schools including peer led Trans Awareness Sessions. ## **YHUB** Supporting NEET young people age 11-25 years old. ## **Llanelli Seaside Youth Project** Providing detached Street Based Youth Work and Youth Club for children aged 8-16 years in Seaside, Llanelli. ## **Y Connect** Providing Mental Health support in schools and communities for children and young people aged 5-25 years. ## **BT Skills For Tomorrow** Providing digital online training courses for children, young people and adults - promoting Digital Inclusion. ## **Y Street** Providing intensive support to homeless people in Swansea. **13** ## **Report of the Trustees** ## **Y Engage & Yes Employability Youth Programme** Upskilling, mentoring & building the confidence of NEET young people, providing paid work placements, helping unemployed young people to move closer to employment. ## **Y Training** Training Centre specialising in Youth & Participant, Health & Well-being, PSE & Employability. ## **Y Volunteer** YMCA Volunteers Programme - Supporting Adults & Young People to volunteer in West Wales. ## **#I AM WHOLE** YMCA Mental Health Anti-Stigma Programme supporting young people and key care givers as part of a YMCA & NHS UK Campaign. ## **BE Real Positive Body Image Campaign** YMCA England & Wales partnership with NHS & Dove. ## **Y Talent & Big Music Programme** Supporting participation in music & the creative industries for vulnerable children & young people. ## **Personal, Social & Educational Programmes with local schools.** ## **Emploment Placements & Apprenticeships.** ## **Crime Prevention Programme.** ## **YMCA Retail** Recycling and enterprise programme. **14** ## **Report of the Trustees** ## **YMCA Community HUB** Our YMCA provides city centre office space and hot desks in Swansea. ## **Tenants:** ## **Crisis Wales** **Terrance Higgins Trust PSALT - Substance misuse support** **British Training Board Welsh Refugee Council Swansea MAD** **Gower Capital Housing Saru Ju Jitsu** **Two Dragon Martial Arts** **Schoolhouse City Day Care Cafe - Thai Taste** **15** ## **Report of the Trustees** ## **YMCA Health & Well-Being:** Our Health & Well-Being Programme works with 1,500 people per annum to improve fitness, well-being, mental & physical health, nutrition, aid recovery from illness & injury and support people with disabilities. We deliver training and volunteering across our Health & Well-being services for children, young people and adults. The training especially supports those who struggle in a mainstream environment, and offer additional support to children, young people excluded from school, adults with disabilities, ex-offenders & people with protected characteristics etc. The aim is to support people into employment and further training, to develop confindence and gain skills, overcoming barriers and work limiting health conditions. ## **Services Include:** - Fitness Centre - Fitness Studio & Wellbeing Programme - Y Well-Being GP Referral & Social Prescribing - Yoga Facility - Nutritional & Fitness Training - YES Employability Health Programme - Be Real - Body Confidence - I AM WHOLE - Mental Health Programme **16** ## **Report of the Trustees** Y Training is a recognised Agored Centre and offers a targeted community training portfolio which includes delivery of national YMCA signature Programmes that are tailored to create engagement in education, training, volunteering and employment opportunities. ## **The Training Services and facilities include:** - Employability & Skills Programmes - sector specific - Youth Work & Participation - Health & Well-Being - Personal Social Education - Family building and Parenting Programmes **Aim -** to support & upskill young people and adults to reduce the number of people not in work and move people closer to the labour market & provide specialised programmes to improve life chances for children, young people, adults and families. **17** ## **Report of the Trustees** ## **FINANCIAL REVIEW** During the year the Charity raised income principally from service level agreements, fitness membership, facility and office rentals, donations and grants. ## **INVESTMENT POWER AND POLICY** Under the Constitution, the charity has the power to invest in any ways the Trustees wish. ## **RESERVES POLICY** Restricted funds will be used during the year for the purposes for which they are received. The Trustees have reviewed the Charity’s need for reserves in line with guidance by the Charity Commission and intend to hold unrestricted, general-purpose funds at a reasonable level in line with running costs. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT** The YMCA Swansea is a registered charity governed by its Model YMCA Constitution dated 25 January 1967and amended on 21 October 1991. YMCA Swansea registered as a Company Limited by Guarantee on 1st August 2013. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, the members are required to contribute an amount not exceeding £10. Approved by order of the board of trustees on ....10 December 2020....... and signed on its ## behalf by: ............................................................................................................. Sarah Owens - Chair **18** ## **Testimonials** “Very friendly, helpful, working with us like a family. Provide the services we need. Provide opportunity for everyone. I am happy with YMCA.” ## **Amran Miah - Y-Engage Employability Participant** “The YMCA staff are awesome, diverse and eclectic signposting wider community connections like an extended family. “Opens doors and conquers barriers.” All round support.” ## **Calvin Smith - Y-Engage Employability Participant** “I would like to say a big thank you to YMCA Swansea for the help and support they have given me over the past 4-5 years. I would also like to say thank you to Gergo, he’s helped me so much with my vocal skills and has made me more comfortable singing. I suffer with anxiety and I feel music is my coping mechanism to help me have a release. I am so thankful that I have the YMCA to go to so I can get a release from my anxiety. Thank you so much for everything you guys do.” ## **Jessica Deacon - Recording Studio Member** “We love coming to YMCA Swansea Young carers group. It is a chance for us to have fun. Our message for all carers is that any kind of help, even the smallest good word can help someone and change someone’s life. Let’s be stronger together.” ## **Naomi & Brooklyn - Young Carers** “YMCA Swansea offers me an opportunity to meet people like me in a safe space, finding my feet with amazing people and exploring the world side by side. I have made some wonderful and close friends through the YMCA that I hope will now be life long friends and I have developed myself and my skills through the YMCA’s help.” ## **G Williams - Good Vibes LGBT+ Youth Group Member (age 17)** **19** ## **Awards** - Bronze Youth Work Quality Mark - Welsh Government 2018 - Winner Equality & Diversity Award England & Wales - YMCA Youth Matters Awards 2018 - Winner - YMCA of the Year England & Wales - YMCA Youth Matters Awards 2017 - Winner - Young Volunteer of the Year - YMCA Youth Matters Awards 2017 - Winner - Young Worker of the Year - YMCA Youth Matters Awards 2017 - Winner - Young Achiever of the Year - YMCA Youth Matters Awards 2017 - Winner - Best Family Work Project - YMCA Youth Matters Awards 2017 - Winner - Wales Volunteer of the Year 2017 - Trustee Award - Winner - Governance Award Third Sector Wales Awards 2017 - Winner - Youth Work Excellence Award - Welsh Government 2017 - UK Youth Young Person of the Year Award - High 5 Award - Young Carers Project - Swansea Council - International Volunteer of the Year Award 2016 Wales - Volunteering In International Matters Award Winner 2015 **20** Il 21 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SWANSEA YMCA Inl•p•nd•ni •xamin•r's r•porttO th• irust••s of Swans•• YMCAfth• Company I iep(Mt to Ihe chatty tsustees my examination of the &counls of the Company sEar erNled 31 Maich 2020. Responsibilitses and basis of report As the charWs trustees of CAxnpany land aLg) its directors Ihe putposes of compary knvl syxj ate teswnslAe Ihe ptepaiabon of Ihe account5 in accordan￿ ¥rith rv4uirements of the compan￿ Act 2006 Ilhe 2[￿ Adl. H￿ing satsfEYl myselflhat the accounts of C(xnpary ate rKrt req￿r￿ to tE a￿Jited undei Part 16 of the 2006 Act and are eligib￿ for indepervknl examinat￿￿, I rekx)rt ￿ [￿pect of my exJninakn ofwur chantys accounts as carrEd out u[￿[ sedion 145 of Ihe Chaiibes Act 2011 Ilhe 2011 Act'l In Carr￿ng out my examination I have follo￿ed Ihe Directi(xB gwen try the Chatty undet section 145151 Ibl of the 2011 Act Independent examiner's ststement sin￿ sY)ui chatrtls g105s Income eXce￿d £250,(MJO wur exaniEr must be a memtEI of a W. I can tonfirm thal l am to undertske ts examirthn because l am a registered member of ACA Ich Is one ￿the listed tX)d￿S. I have completed myexamlnatiL￿. I CL¥ffiTTn Ihat ￿ rnatter5 have c(￿et0 tny atte￿rt￿ il CL¥WEcIi￿ wrth the examinknn gi¥ing me Ca￿t0 belEve". a£counb"ng tecords ￿tte TN)t kept wi respect of the Company as requited ty Secti￿ 386 af Ihe ZK16 Ad., or the accountsdo rM)t accord those iec(Kds," ( the accwnt5do t￿c¢M￿p￿￿th the accountw requremerts of Secti￿ 396 oftrE 20(￿ Actithei than any requirement that the accoun15 give a true aT¥J fairw￿ whith Is ty)t a mattw conswjeted as part of an Indeperxlenl examinat￿n, or the ￿OUnts have n(A been piepaid in acc¢Kda￿ Ihe methods and prinuples of Statement of Recommetvkl P[￿IKe foi accwnting and remng by charibes (appI￿al￿e to charibes Fyeparing IhÈyr aCt￿ntS in atcordance the Financial RerA)rting St¥K13rd appl￿trAe n UK and Republic of Irdand IFRS 10211. l the Th) ¢￿￿m$ arkj ha* tome across no otr*r mattets in connectim wth the examinalK)n to whKh attenbM sh(xJld be drdwn In Ihts rerrtxt In order to en￿e a under5tandiro of Ihe accounts to be Herry LI￿1 Darie5 ACA Bevan Buc￿and LLP Laroth) House La￿d(￿ Road SA1 Swansvawatertront Swansea SA18oY 10 De￿mber 2020 22 SWANSEA YMCA STATEMENT OF FINANCIAL Acnv￿rES IINCORPORATING AN INCOME AND EXPENDThURE ACCOUNn FOR THE YEAR ENDED 31 M￿CH 2020 2020 Total fiJtK15 2079 Total funds Un[eStr￿d Reslncted futK15 futK15 Noks IIKQME AND ENDOWMENTS FROM Donabons and legaues 7,876 7,876 2,65S Charitable a¢tivitits Filness Centre Room1Offi￿ Hre PtDJects. Acts￿1￿5 & Admin 32,867 153.565 32,È67 153.565 608.680 42,024 145,259 520,845 608.680 0lhertr3ding &tnribes 5,742 Total 202.￿8 608.680 810.988 716.525 EXPENDITURE ON Raisng fund5 1.233 Charitablo a¢tivré1•5 Fthess Cetrtre Projeus. ActiviiEs & Admin 7.281 266.218 7281 889.830 9.119 842,340 623.612 Total 273.499 623.612 897.111 852.692 MET INCOMEIIEXPENDThUREI 114.9321 186.1231 1136.1671 RECONCILLATION OF FUNDS Total fvnds broughtf4)rnard 665.438 14.932 6BO.370 816.531 TOTAL FUNDS CARRIED FORWARD 594.247 594247 680.370 The notes fotm partof It￿ ￿￿￿la1 statements 23 SWANSEAVMCA IREOISTERED NUMBER.. 086345101 B￿LANcE SHEET 31 MARCH 2020 2020 Total funds 2019 Total UnreSthCt￿ Resthcted furKIs furKIs Notes FIXED ASSET5 Tar¥Jib￿ assets 12 1.436.048 1,436.048 1.472.(￿5 CURRETrIT ASSETS Debtors Cash at bank in harKI 13 108,211 108,211 195.3041 131,410 1124.7981 12,9J7 12.9J7 6.612 CRED￿oR5 Amounts fallirvj due ¥wthin year 14 (280,9Tn 1280.9TII 1195.1421 NET CURRENT ASSETS (268,0701 1268.0701 I188.5￿} TOTAL ASSETS LESS CURRENT LIABILrriES 1,167,978 1,167.978 1,283.535 CRED￿oRs Amounis lalliNJ due after MO￿ ihan 15 1513,7311 1573.7311 1603.1651 NET ASSErs 594,247 594.247 680.370 FUNDS Unreslncted fund5 Rearicted funds 19 594.247 665.438 14,932 TOTAL FUNDS 594.247 680.370 The Charitab￿ Compary is enblled to eXer￿pt￿￿ from audit under Sec1￿ 477 the CoMpan￿S Act 2006 for ￿ar eThJed 31 March 20%). The memttrs have Tr)t required the Company ￿ cé)tsin an aLhJii of its financKal statements the year ended 31 March 2020 in accordan￿ with Seckn 476 ofthe COrnpan￿ Act 2th)6. The twslee5 aCk[K￿¥￿dge Iheyr te5wnsiL¥1th5 for ensuring th* the Chanlable company keeps *counlhig rec￿￿$ that crffiptywth Sectvts 386 and 387 of the Companies Act and preparing financial statements Ythich gwe a true and fa1T wew of the state of affa1rs of the charitab company as ai the end of each fjnanckol year and of its surplus or deficit for each finantkil *) accordance ￿th the requiremen& of Se£tKJns 394 and 395 and *thich OtherW￿e c(Nnpty ￿1h requirements of the COmpan￿S Act 2m6 rektiry to financ￿1 statements. so far as aptA￿￿ to tr charrtable company. The mte5fotrn part ofthese financA staternents cont#)ued... 24 SWAJ4SEA YMCA (REGISTERED NUMBER.. 086345101 BALANCE sHE￿- continued 31 MARCH 2020 These finanual statsnents have been prepared in acco￿￿ with the ￿￿￿75K￿S appl￿ to chat11a￿e companEs subiect10ihe smal ccmpants regime. nanc￿1 sta ecembor s were atvov&l by Ihe B(wd of Ttustees arKI aut1Kx￿I for ￿￿le on .. and were signed on it5 behaf by. S L Trustee The mtesforfft partof these fnancK41 staternents 25 SWAMSEA YMCA CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2020 2020 2019 Notes Cash Ilowsfrom operating acti¥itie5 Cash generated from opernli)ns Interest paid Inlerestelementof firHKe lease 38,304 127,51BI 159,9831 (a0,￿2) 13.7601 11.9201 Nel cash prO￿ded byllused inl Opera￿ actmbes 7,026 (92,8651 asb Il¢wsfrom Investing a¢fjv61fj•s Purchase 0ftangIb￿ thxed assets 11,4261 14,0821 Nel cash used In ac￿V￿e5 11.4261 14.0821 Cash Ilowsfrom financing activities New In year Loan repayments In year CaFxtal repaytnents In year e4J.o 132,9211 13,1851 35.0 (26,5861 16,D331 Nel cash provided by fina￿1ng aaivities 23,894 2,381 Chat)ge In cash at)d Cash equlvaleiits in th• r•porting poriod Cash and cash equivalents at th lllnthlnu of the reportlng ptrfod 29,494 1124.7981 130,2321 Cash and cash *4￿valentS at the end of the reportlng perlod 195.3041 1124.7981 The notes form partof these fnanck?I stateJnentS 26 TM NOTESTO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2020 RECONCILIATION OF NEf EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTNITIES 20 2019 Netexwnditure forthe reporting period las perthe Statement ol Flnan¢Sal A¢tfjv61fjesl Adjustynonts for.. Depr￿ation charges Intere* pavj Interest 4emenl of tt1￿ purchase arKI the rentsl payrents DeC￿asellInC[easeI in debto Increase in creditors 186,1231 1136.1671 37.441 2T.518 3,760 23,199 43.1(M) 30.962 1,920 122.8791 23.081 N•t cash provid4d byllus•d Inl opgratlons 42, 158,0631 4ALYSIS OF CHANGES IN NET DEBT Al 1.4.19 Cash Ikm At31.3.a) N•t cash Cash at bar* atxl in haNI 1124.7981 29.494 195.3041 1124,7981 29,494 195,3041 Debt Finan￿ I￿aseS Debts falhrvJ due ￿￿thIn 1 ￿ar Debb falhng due after 1 Sfar 13,5621 164.2441 1603.1651 3,185 156.5111 29.434 13771 1120.7551 1573.7311 1670,9711 123,8921 1694,8631 Total 1795.7691 IT90.1671 The notesfom partofllEse finarKial statements 27 SWANSEA YMCA NOTES TO THE FINANCi4L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 ACCOUNTINC POLICIES Basi5 of pr•paring tho financial stat•m•nts The finanaal statements of the charitable company. which is a putAic benefft ￿ urKler FRS 102. have been prepared in accoTdance wilh the Charth5 SORP IFRS 1021'AcEounbw and by Charibes Statement of Recrmmended Pwtice ¥prA￿le lo Charits￿ prepanng their a¢¢￿Trts In accordan￿ vAth Ihe Fnancial Rep(Kbw Standard applicab￿ In the UK and Republic & Ireland IFRS i(r21 leffective 1 January 20191,. Finanoal Rewtting standa￿ 102 The Financial Reporbtvj Slandard arpltsble in UK and Repu￿1¢ of I￿arrf the Compants Ad 2006 The financk31 staements have been prepared under Ihe hL£tontal cost convention, as rnixlffEd ty the revaluation of ￿rt￿n assets. In¢ome I Incoming resources are induded ￿ the Statement of FnancHI Acbwties ISOFAlTrJJhen the charty gauy entrt￿d tothe Income a[￿the am(xJnt can be quantthed th rea5￿ab￿ accwacy. Inwme fi￿ ro)m hire is re¢oJnised when the hi￿ lakes rdace. OffKe hire is recogni￿1 ty refuence to the io which it reLate5. Rent is Cha￿ In acc(xd ilh lerrfts oftrt ￿nI81 ayreem#)t Fthess centre ncome Is recognEed when pa￿. When a pawnent ￿ madeftx an extend￿1 peti(xl credrted eventy overlhe pen￿1 to Ihe SOFA. Donabons and synikr ncoming resources rewesent reC￿ved ty the chanty from char*aNe donthns &KI grf&. These are recognised In the Statementof Finanaa AcME5 uwn r￿1p1. Grant Income Is accounted Tor th) an atcnjals basis and is in financkil S￿leMen1$ when the Chantyearns the uncondthnal nghtto the funds. Grants reC￿Ved fr￿3 swfic wrtxsse are treated as [eSthCt￿ funds Revenue grants are cre(kted directy to the Staternent of Financd ktmbes atKI Capital grants are rekned over the lrfe of the assei In lineV￿th depre￿atiOn p(Aicy. Int•r•st R4c•ivablo Interest on funds hekl ￿ (*wsit LS induded ¥h￿n arml the can be measured re&ab￿bY the charty, this LS fK)[rna1￿ UPDn n01th￿1￿J￿ of the intere51 paKJ (Jr paYa￿e bythe Bank Expondiwr• ablities ate recogThsed as expendthre a5 a5 there ￿ a W ur c(xthcbve commilling the ¢harty lo Ihal expendi￿re. il ts ￿0babIe that a transfw of ecwmic benefjts wll te required In sethment and the amount (A the Obl￿a￿On can be measured reliatAy ExFEndrture is accounted on an accruaLs ba51s and has b￿n claSsrf￿d under headiw5 that aJgregale all cost reL3ted tolhe calegory whe￿ cos15 cantNrt bedirethattntmrtedto patticular Ihry have 1￿c￿ allrKaled to ￿ts¥￿es0n a basi8 consBtenl Wnh the use of reswrces. The cost of generating funds Corn￿￿ those costs asSOc￿ted with attracbng grant Incorne. CharitaNe expenditure compri3e3 ItrK)5e costs incutred by the Chatity in the ddwery of its acbvthes. both costs di￿dIY attnbutsue ar￿ indirett suptN)rt £osis. GovemaD¢e cosis in£lthJe those costs as￿ated *￿th ffteebng constitutK)nal and staknrt(xy requrements of the Chatty. AI costs alkKaled beiween ex￿nditUtE calegorie5 are on a bays de￿g[Ed lo reftht ￿sOUrce usage. F(Y some costs Ihis means dired alb¢al￿n lo a¢tswlEs, otrtr costs are apport￿￿e0, e g. by staff bme spenton Ihe actiwty, or another equitab￿ usage measure. Jthnl delivery costs a￿ recogntsed in the perxyj vthich thty are awarded to Ihe extent thai have been exp￿ed In ￿C1]rdanCe %Mlh the fundiry lerrns and The Charty inthaty Kkntifies the costs of its slJPWtfutKtK)ns. Supp(xt costs Ir￿UdE back offKe rinance. p￿So￿n￿. payrdl and g0veMan￿ costs vthi¢h support the pr¢grammes and actswbes. Haviry Identsfied Its governan￿ costs, the remainw suptxKt costs t(Wher ¥Mth Ihe vern￿￿ costs are apFXjrtKy￿d bet￿n Ihe three key ch*bk athvths utthlakenl n the wr. continued... 28 SWANSEA YMCA NOTESTOTHE FINANCIAL 5TATEMENT5-C0n￿Thu•d FOR THE YEAR ENDED 31 MARCH 2020 ACCOUNTING POLICIE5- eontlnugd loution and apportionmentof c05t5 c￿ts have been albcaied as far as rN)ssble befy¥een Ihe expendrture categories of the SOFA basis deS￿ned to reflect the use of Ihe resour￿ Costs relaliry to a pa￿C￿L￿r activty are alkjcated directy. Others have been al￿￿on￿ based on Ihe esbmated usage oflhe resou￿. Tanglble flxed assets Depreciation E promded atlhe folk￿ng rates in orderto Mite off each asset over ts estifflated Lseful life. Fre￿d Piopety . Cost Fithte5 and Frttws . 2)% cost IwroVam￿ts to Prcperty . Ylo on cost ant arNI Machirw . 21% on cost Induded n freehohj propertyLg a ￿ement￿l¢b has a nil depreckqts)n rate. Taxation The charity ts txemrtfrom cowrntion taxts) its tharits￿e a¢iMbes Fund acmunting UnrestrKted fur￿5 are awa1￿￿￿e for use al the di￿re1￿ of the Ttustee5 in furtherance of Ihe general obJ"eciives of the CharityaDd have ml teen deswJnaled f¢Y ￿tEr purposes. Des￿a￿l fuKls are unresthcted fuKls eatrnatked by the T[￿ for [thcU￿r putFx)5es fallYvJ n fuiuretme petKMIs. Resthcted fijnds are furK15 s￿leCt to specth reslnthns imptsed ty do￿r5 or whth have been ra￿ed by Ihe Chatity for parbcular purTK>ses. The ain and use of each restricted fund 15 set (xrt in the notes to￿ finanaal statements. A fulure explanation of the nalure and purpose of each fund Is in(*Mled In rmrtes to the fnanaal statements. Forelgt) ¢urreth¢fjes Assets and Ikibilthes in forewJn cu[renc￿5 aret[￿ated into sterfiry at Ihe rates of exchange ruliw at the balan￿ sheet date. Transactions in forevjn cu[renc￿S are trans&ted Into sterfrvJ at Ihe rate of exthange tulirwJ at Ihe date of transacbon. Exchange difference5 are laken inlo account in atnving at the operatiw resu Hire purchase and leasing comrnitrnents Assets obiained Ljnder hire purchase c(mirncts or finantr caprtaltsed in balance sheel Those held under hire purchase contrads are depreciated over their useful Ives. TIM)se ￿￿er fnance ￿aseS are deprecHted over t￿restimated useful hves. The intete5t elefft￿t of these o￿lgatKj￿5 are charged kn Ihe SOFA over the rdevanl perKxI. capita element of the future paymen& is treated as a Iiabilty Rentas paKI under operatirvJ leases &e charged to the SOFA a straW kne over the petKxI ofthe lea* P•nsion ¢osts and oth•r post-r•tirom•ni b•n•fft5 The chatity opetates a defined conlnbubon scheme for the I￿nefft of its emthes. C(thtxAKK are reccontsed n the kYornaThJ h)ss ￿¢tyJnt when due. Continued... 29 SWANSEA YMCA TESTOTHE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2020 ACCOUNTING POLICIES- continued D•btors Trade and 0lhwdebtor5 are recognL5ed atthe sett￿[ne￿l amount due afteranytrade d￿c{x￿ offered. Prepayments are ¥alL￿d al the atn(xJnt wep￿d net ofany trade dw)unis due. eash at bank and in hand Cash at bar* cash In hand Inclth cash ￿ slK>rt tetm highty liquid Inveslments a sk maturity of Ihree monlh5 iJr kss from dale of acw&bon or ￿ThIn0 of deposrt or simikr account. Creditor5 and provisions crtd1￿ts and pm¥￿on$ a￿ ￿tag￿sed where the tharity has a present otlwJ*its) resuhw frc*n past event Ihal ¥AII probaNy resutt in the Iransfer of furmlg to a Ihir(I party WKI the amount due lo settle the obluatson can be ￿eaSured orestsmaled reliabty. Credrtors and prO￿SK)nS are mtTnalty recognised al theirsettkrnenl arn(xrt after alkn¥ing for anytrthdi￿ts due. Flnanclal Instrum•nts The charty onty has finanaal assets and financHI lialxlths of a kind Ihat qualrfy as ba51c fin￿£1 instrutnents. Basic financial Ir￿1￿Ments are inthafy recogni%aJ al tr￿￿CtiDll value and subwuenty measu￿4 al trtir seiuemeni val* Ihe extrpiK*) ofbank loans whKh a￿ subsequemty measured al amorbsed cost usiry the effectswe Interest method. Hirt pur¢hthst and Itasing ¢ammitmtrbts sets obtained under hire purthase contracts or fina￿e *ases are captalBed in the balance slEel Those held under hire purchase contracts are depreciated (r4er Iheir useful lives. Those he￿ under finance ￿Se5 are deprecHted over thartsbmated useful INes. The inte￿1 elemwtt of Ihese oNwalws are charged lo the SQFA Ihe rekth ttrK*Y The caprtal elefftenl of the fuiure payments Is treaed a5 a habihty Rentals paKJ under operatiw lea5e5 are ch￿￿ed to the SOFA a Stsa￿ht line ba5i% over the p ¢fthe lease. Going Concern The INsiees consk1er that there are no maleiial wwtainu"esabtyJi Ihe charivs lo ¢c￿tin￿ as g¢xng concern. Legal Status of the charity The charrty is a ctynpany limiied by guaraniee. In Ihe evern ol ihe chanty teir#J wound up, ihe labilty In respect of the guarantee Is Iimrted to £10 per memberof the charty DONATIONS AND LEGACIES 2020 2019 Donabons Sundry In[￿ne 7.625 251 7,876 2,655 Cor￿￿￿1... 30 SWANSEA YMCA NOTE5 TO THE FINANCIAL STATEMENTS-¢oniit)ued FOR THE YEAR ENDED 31 MARCH 2020 OTHER TRADING AcTIV￿lEs 2020 2019 Sh(p vKiJrne 5.742 INCOME FROM CHARITABLE AcTIV￿lEs 2020 2019 Activty Fitness Centre R{￿MI0ffice Hite ProFcis. Actwibe5 & Adtnin Fitness ￿ntre inc(xne Rix)rn hire Gtants 32,867 153.565 8.680 42,024 145259 520.845 795,112 70B,128 Grants retrwed. induded in trE ab)ve, are as fc4thts." 2020 2019 Chik1ren in Need 6.125 WCVA Grant Acbye InclusK)n I*￿ts Gw Wild ABMU- Youry Carers LK4ison 0[fi￿r Grant Tatvjent. YourvJ Caret5 Y(xJth Cumnk M(xwfor Lrfe YWWJ ca￿r$ 13.598 314.329 153.689 440 6.135 23,972 12.7751 35.558 2.OLKI GLP ICF 2018119 Crossiw Bcrfders Gran Y(xth ChThru Loneliness Project Streetgames Grant SDF Tran5p(Klto GO￿￿[ Cwmta￿£ Transfomaic Swansea WoTking Y(xJth Cyrnru. We are 1(M) Y(xJth Cyrnru- Ctealwe Mind5 BLF. Awards F¢Y Al CFAP Grant Altetnate MX Wwiter pre55ures CIN Y Ta￿nI LLoyd5 Bank Foundknn CharvJing Futures Accredita Swansea Youlh Bank 4.6eO 16.eAM) 5.0 21,( 10.1 9,7 250,(KK) 1.750 44.440 20,401 22,583 5.125 1,037 tmed Powys P(Aice Crime Commission S(xrth Wales Police CnTne Com[ni￿(￿r[ y￿ Carers Card Serrices 17.(MK) 10.(MM) 520.845 Continu￿1... 31 sW￿lSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- ¢oniit)ued FOR THE YEAR ENDED 31 MARCH 2020 R￿SING FUNDS Oth•rtrading a¢tivrt1•5 2020 2019 Bad debts 1,233 CHARITABLE ACTtvrriES COSTS Supwrt costs (see tK>te 71 Direct Totds Fthess Centre Proie(ts. AdDribes & A(knin 7,281 878244 7,281 889. 11.586 885,525 11,586 897,111 SUPPORT COSTS Support (xBts Finan Tota Projects. AtIMi￿ & Athnin 7.673 3.913 11.586 INCOMEIIEXPENOITUREI Net Inc¢JmellexpendtwEI Isstaled after chargWI(Te(*tingl." 2020 2019 DewecHkn. (A*ned assets Dewecthon. assets on hire purchase conlracts f￿a[￿e ￿Se5 35,423 36,948 6.152 TRUSTEES. REMUNEIIATION AND 8ENEFITS There were no trustee5' remuneTatK)ll other year aNled 31 March 2020 tKJr for the year 31 M¥ch 2019 Tru5tee5' experbse5 There were nr> tsustees. expenses paid Ihe yw ended 31 March 2￿￿ rnr for Ihe year wyjed 31 March 2019. continued.. 32 SWANSEA YMCA NOTES TOTHE FINANCIAL 5TATEMENT5-contlnugd FOR THE YEAR ENDED 31 MARCH 2020 10. STAFF COSTS 20XJ 2019 W* and salarts other￿ns￿)n costs 369.248 6,162 502.014 5,757 375.410 507.T11 The average monlNy nunberofemptyes (ljnng theyea[Y￿S a&frAkr￿.. 2020 12 2019 Administrat Frfness Centre Maintenan The i(tsl remuneration of keyman&)emefflamtyJnts to £ 63.607 in t￿year COMPARATIVES FOR THE STATEMENT OF FIN￿le1AL ACTIVITIES Unre5trKled Resiricled fun(ts funrt5 Total funds INCOME h14D ENDOWMENTS FROM DonatKJns kyatts 2.655 Charrtabl• activiti•s Frfne￿ Centre Roomloffice Hi Prgects, Acknvthes % Adfftin 42.024 145,259 42.024 145,259 520,845 520,845 Othertradit¥J acbwbe5 5.742 5.742 Total 19s,680 520,845 716,525 EXPEND￿uRE ON RaNng fund5 1,233 1.233 Charitable a¢¢fj¥llles Fthess Centre Prg"eds, Acbwbes 8 Admin 9,119 333.652 508.688 842.340 Total 344,(X)4 5D8,688 B52,692 NET INeOMEqexpeNDITURel 1148,3241 12,157 1136,1671 Transfers between fund5 10.378 110.3781 N•t mov•m•nt in funds 1137,9461 1.779 1136,1671 RECONCIUATION OF FUNDS Total fund5 brought fovyiard 803.384 13.153 816.537 Contin￿... 33 Sw￿sE￿ YMCA NOTES TO THE FINANCIAL STATEMENTS- ￿ntInUed FOR THE YE￿￿ ENDED 31 MARCH 202 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNITIES- ¢ontlnued Unrestncted Restncted fu￿lS To funds TOTAL FUNDS CARRIED FORWARD 665,438 14,932 ,37D 11 TANGIBLE FIXED ASSETS ImwovefflenL Fixiures and f*brvJs FtEelKld P￿nI and rnachinery Totals COST At 1 2019 Addtions 470.(XM) 1.￿.614 73.421 332.359 666 2.172.454 1,426 At 31 March 2W20 470,(A]O 1,296,674 74,181 333.025 2,173.880 DEPRECNTION At 1 2019 Chatge foryear 112,( 7.0(X) 1￿,668 25.933 70,539 327,182 3.564 T￿,389 37.443 At 31 March 2020 119,LN)D 216,601 71,485 330,746 737,832 NETBOOKVALUE Al 31 Marth 2020 351.L 1.080.073 2.696 2.279 1.436,048 At 31 March 2019 358,( 1,106,006 2.882 5,177 1,472.065 The FA)ard of Trusteeg hawe reweKed the market value and feel tha the va￿e In use of the tKopty Is greater than the market v￿ue due to the Su￿diSed rents IW offef cl￿nIS and Ihat Ihe NBV of £1.431.073 reflects jh￿ 12019". £1.464.(X)61. As a tE5uh Ihe Board of Trustee5 have decKled tK* t impairtrt assei. The Bwd ofTmstees wll [H￿l10n annual Induded %thin FreekKAd Pr(yerty ￿ hnd, tothe of£120.OOOthat is mt dep￿ated. The fteehdd is tK>t COn5KJered lo be a mixed use property try the trustee5 as wc¢trty 1$ used tt> eslablEh alhird sedor hub to benefrtlhe communty rather than to earn ren￿s. continued... 34 SWANSEA YMCA NOTES TO THE FINAMCIAL STATEMENTS- continu•d FOR THE YEAR ENDED 31 MARCH 2020 11 TANGIBLE FIXED ASSETS. continu•d Fixed assels. indL*1ed attht. whKh are hdd underri￿tr kases are as folb*¥'. FLxiures and fknrwJs COST At 1 2019 *KI 31 March 2020 ).7 DEPREC￿TIoN At 1 Awil 2019 Charge foryear 28.740 2,020 At 31 March 2020 30.7 NET BOOK VALUE At 31 March 2020 At 31 Marth 2019 2.020 13. DEBTORS.. AMOUNTS FALUNO DUE W￿NIN ONE YEAR 2020 2019 Trade debt(￿S Otherdebtors Prepayments and accDRd income 91.706 15.721 ).733 1(r2.9F2 7.715 108211 131,410 14. CREDITORS.. AKIOUNTS FALUNG DUE wifHIN ONE YEAR 2020 2019 Bank k)ans and overdrafts (see note 161 Finan￿ leases (see note 171 Trade creditors Sockil secunty and ¢1￿1&￿e$ Olher creditors Defetred Income Accrued expenses 120,755 377 44.271 48.782 37,301 13,864 15.627 64244 3,562 36,498 42,937 12,380 17,684 17.837 2BD,977 1￿,142 35 sW￿lSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- ¢Ollllnued FOA THE YEAR ENDED 31 MARCH 2020 15. CREDThORS= AMOUNTS FALLING DUE A￿ER MORE THAN ONE YEAR 2D20 2019 Bank k)￿￿(3ee 161 573.731 3.165 Thef￿nce lease Yrd5 used to purchase e(vtMnentforthe g￿lnasium. 16. LQAN5 An anaW ofthe matuttyofloans is gNen bekm". 2D20 a119 Amounlsfalhw due within oneyear(m dematKI". Bank kw 120.755 64.244 Amountsfalliw between one ￿K1 ￿ ￿ar5. Bank k￿￿. I.2￿at5 31.653 )278 Amountsfalliry due beh4Een arn1 fi¥e btar5 Bank k>￿ts. ?.s￿d[S 106,9 98,740 Amountsfallw due in more fNeyeats'. RepayatAe by Instafflents." Bank103ns more 5 y by Inskl 435,128 474,147 17. LEA51NG AGREEMENTS Mirytnum lease payTnen15 uNler fal due a5 fdkMS.' Finan￿ 2020 2019 Net obltyK)ns ￿payab￿. Within One￿ar 377 18. SECURED DEBTS Thefolknng secured del)ts ate included ￿1th1￿ cre(Stct5. 2D20 Z)19 Bank k> Fnantr kases 694,486 ￿7.409 3TT 670,971 The bank and i>¥er(trafts are secured by. - A fixed arKI fknabtvj charge over 14 The King5Wdy daled 14A)112014 *ith Wdes CAxrril lor Vdix)WActsoD', and - Afixed charge over 1A The knngsw dated 14101r2014 wrth Unty Ttust Bank ￿c. - Afixed and floated chargeovei all assets of the charty dated 9111r2017 th Unty Trust ￿. Fnantr leases a￿ secured agwnsi the assets IW rekle. conbnued... 36 SWANSEA YMCA NOTESTOTHE FINANCIAL STATEMENTS. ¢ontlnued FOR THE YEAR ENDED 31 M￿RcH 2020 19. MOVEMENT IN FUNDS Nel movement in fiJtK*5 At 31.3.20 At 1.4.19 Unr•styi¢f•d fun415 Generalfund Capital grants 128,3391 693.TTI 199,5301 693.771 665,438 594247 R•strict•d funds Waledoo BLF- Awa￿$ ForAI 6.807 8.125 16.8071 18.1251 14,932 114.9321 TOTAL FUNDS 680.370 186.1231 594.241 Net ￿0￿r[￿ in fuKJs, inckHled in Ihe above are as fdkms." Incijmi Resources Movement resour￿S expended In funds Unrestricted fut)ds General fund 202,308 (273,4991 Re5tri¢ted fund5 12,8LKII 139,OODI 129.9761 17.7421 131.7881 184,1B31 16.8011 19.9551 11.60DI 110,OODI (S,0￿) 11.3(M)I Young Carers Grant AI 24010 Swansea Aduhs 3 AI 024027 Swansea Youth 3 AI 024037-YES Adull Prge AI 02405& YES Y(Mrth Prqed Wated ICF 2018119 sireeigames Gr￿)ts SDF Transwrt lo G¢A¥er Cwffttawe Transfotmat Youth fynnj. Crethe MirKIs BLF- Awards For Al CFAP Grants Aternate MX Winter pressures CIN Y Taknl Lloyds Bank Foundatiw Grant Changiw Fu￿reS 29.976 7.742 31.788 84.183 16.8071 1.600 10,00 18.1251 250,0 1,7 44.440 20.401 22,583 1250,OODI 11.7501 144.4401 120.4011 122,5B31 (S,0￿) 15.1251 11.0371 5.125 1.037 Swansea Youth Bank Dyted Pcws POl￿e Crvne Cofftrnissioner South Wa￿5 PrAI￿ Ctvne Cotnmissioner Young Carers Card ServKes 17,(A)) 117,0(KJl 10.(XM) 110.0(M)I IB,OODI 608.680 1623.6121 114.9321 TQTAL FUNDS 810.988 186,1231 Cortin￿1... 37 SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS.contlnugd FOR THE YEAR ENDED 31 MARCH 2020 MOVEMENT IN PUND5- Comparatives for movement in funds Net Yetnent in funth Transfers At 31.3.19 Al 1.4.18 Unr•stri¢tod funds General fuTKJ ca￿ts1 grants 109.eM)7 693,TTI 1148.3241 10.378 128.3391 693.Tri 803,384 1148.3241 10,378 665,438 Re5trithd funds GLP Chiklren In Ne&k CutK>sty 3.DJ1 12,TT51 12261 19.3331 819 6.807 8.125 6.807 8.125 BLF- Award5 For Al 13,153 12,157 110,3781 14,932 TOTAL FUNDS 818,537 1136.1671 680.370 CLMIin￿d.. 38 SWANSE4 YMCA NOTES TOTHE FINANCIAL STATEMENTS. ¢QMfjnued FOR THE YEAR ENDED 31 MARCH 2020 19. MOVEMENT IN FUNDS- ComparaknE net rnovemenl Infunds, Ir￿UdeA1 n the a￿￿e are asfolknws". Incomir resources ex￿nded in funds General fund 195,680 1344,(XMI 1148,3241 Restricted fund5 Gc*Jdvibes Young Carers Grant ABMU- Yourvj Carers LK4i%on Officer Grant Taryeni- Youry Carers Yoth Cwntu. For Lrfe DvJital ￿fe project WCVA AI 24010 Aduls 3 GLP Al 024(r27 SvRnsea Youth 3 AI ￿24037- YES Adutt Prqecl AI 0240￿ YES Ywth Prqect 023972.AI.SWANSEA YOUTH 2 Watert(x) Chi￿ren In Nee& Curv)srty ICF 201W19 Crossing Borders ￿ant Yoth Cwntu L(￿elineSS Pr(iect Stree￿ameS Gra)ts SDF Transrx)rt lo Gower CvAntaYe Transformknn Svfansea Workirvj Youth Cymru- We we 100 15.60DI I44,￿)9) 14.4441 14401 16,1J51 13.5521 113.5981 151,1521 6,135 3.552 13.598 12,7751 37.284 95.191 127,g)D 12,7761 137.2841 I127,￿DI 12,8021 20.420 6.125 35,558 2.0(KJ 750 4.660 16,6 6.807 16.1251 135,5581 12.(Kh)I 501 14.6601 116,60DI 1S,(ml 121.(XM)I 21.(XM) 12.2(h)I 11.3(M)I 11.6251 15,8501 Youth c￿￿[U. Creative Mirxls BLF- Awwds For￿1 Gr(AvWikl 9.T50 8.125 520.845 1508.6881 12.157 TOTAL FUMDS 716.525 1852,6W21 1136,1671 Contin￿1... 39 SWANSEA YMCA NOTES TO THE FINNJICIAL STATEMENTS-continued FOR THE YEAR ENDED 31 MARCH 2020 19. MOVEMENT IN FUNDS- ccntinu A currw*5ear 12 m¢￿th$ arKI prKJryear 12 mwlhs combined wsrtK)n B as Net rfK)vement In funds Transfers berween funds At 1.4.18 31 3.20 Unrestricted funds General fund Capital grants 109,elJ7 693,777 (219,5151 10.378 199.5301 693,7n 3,384 1219.5151 10.378 594.247 Restricted fut)ds GLP Chiktren In Nee& Waledou 3,DJ1 12,7751 12261 19.3331 18191 819 13,153 12,7751 110,3781 TOTAL FUNDS 816,537 12T2 594.247 continued... 40 SWANSEA YMCA NOTES TO THE FINANCI￿ STATEMENTS. continu•d FOR THE YEAR ENDED 31 MNRCH 2tr20 9. MOVEMENT IN FUNDS. continu4d A turrenl ￿8[ 12 rnonths and wThyear 12 montrts cOmb￿*d ￿ moven*ni in fuThts. irtkAed in the above are * folh)ws" Incomi Resour￿ Movetnetrt restyjrees exKtnded in funds Llnr•5tsict•d funds General fijnd 397.988 1617.6031 1219.5151 R•strict•d funds G(xthbes Young CareT5 Grant ABMU- YourvJ ca￿r5 0￿cer Grant Taryent. Carets Yoth Cwntu. m(￿ For Li D¥itsl Life tKoiect WCVA AI 24010 swa￿ Aduhs 3 GLP AI 024027 Swansea Youth 3 AI ￿24037. YES Adutt Prqect AI 0240W YES Y(xJth Prqect 023972-Al-SWANSEA YOUTH 2 WaterfcN) Chiklren In Nee(k CurK)sty 8.4(A) 18.4(KJl 183.3091 4,444 440 6.135 3,552 13,598 81.128 12.7751 45.026 126,g79 212.083 2.8￿1 20.420 6,125 45.513 2.0(M) 750 6260 26.6(M) 10.0(M) 21,0 14,4441 14401 16.1351 13,5521 113,59BI 181.1281 117151 145.0261 1126,9791 1212.0831 12.8021 120.4201 16,1251 145.5131 12.0(M)I [1501 16,2601 126.6(KJl 110.0(M)I 121,OWI ICF 2018119 Crossing BDrdet5 ryant Youth Cymru Loreliness Prciecl 5treetgames G￿ts SDF Transwjrt to Go¥￿[ cyrnt￿e Transfortnthn Swansea VVorkiTrJ Yoth Cwnru- We ¥e 100 2.2(M) 2.600 9,750 5.8 2￿).0(M) 1.7 44,440 20.401 12.2(M)I 12.6LKII 19,7501 15.8501 1250.0(M)I 11.7501 144,4401 120.4011 122.5831 15.OODI 15,1251 Youth Cwnru. CreaiNe MiThts DLF_ Aw¥ds For￿1 Growwikl CFAP Gran15 iemate MX Winter pre&sures CIN Y Talent Lloyds Bank Foundatiun Grant Changing Futures Accredabon Svrdnsea Youth Bar* Dyfed PO￿ PolKe CtThe CommBSh)n South wa￿ POl￿e Crth￿e ComMiss￿ner Young Caret5 Cad knre5 5.OLKI 5,125 1,037 17.OOD 117,OLKII 10.0(KJ 8.￿0 110.0(KJI 18.0(M)I 1,129,525 11,132,2th1 12,7751 TOTAL FUNDS 1,527.513 11.749.803) 12222901 Page 30 Contin￿1... 41 SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS. contlnu•d FOR THE YEAR ENDED 31 MARCH 2020 19. MOVEMENT IN FUNDS- con￿n￿ Re51ricled Fux15 The pwof the rE5trcted funds are (letaI￿ beknw Chiwren in Need- Art5 pwramtne fur chikJTh and y)ung ￿p￿fun￿￿d bychikjten In Need LGBT Grant- A ￿antt0 support w)ung LesbHn, G￿, Bisexual & Trans twAe In Swansea try iding a LGBT Y(xth F(xum. SvRtisea Councl. YourrfJ Carers grarn - Sup[￿1￿) wung carers by provhling a holslic famity approach to reduciTrJ barners to aC￿sSIng suptxNt arml ￿CreasIng their reslIen￿ lo rrAe. Er￿A￿￿- K4ovKlirvJ traininy ¢Jpwrtunit￿s 10 staff in Eur(wi countsies. mus￿1 R(xrtes. M￿C ￿ artsto hdp *um seekLY5 ￿ ￿eeSte11 a st￿atxXrtI￿r Iwrtage Big Music PtDiect - A proFcl Ihat helps y)ung peO￿e to W invdyed n Ihe mu5K indu5ty. meet ofes$w)n￿$ and tske part In festivals, volunleww and live perform￿￿. ABMU. Young Carers LIa￿n offi￿[ grdnl . RaisTrJ awareness of YourvJ Carers Issues In Primary Taryent. Y(xJry carers. DOnatK￿ recenfed by Tangent groupfor Young Carer5 activthes Y Engaje Swansea ILM - Sup￿￿ted e￿￿O￿￿ent ￿aC&￿entS pThided by Actwe Inc￿(￿ IESF Fundedl ￿je Y ErvJasE Swansea aduhs 2 . &Jpportw alJN5 n swar￿ to swyKt th￿r ernpwxlty oppotbJnitEs Young carers equiryTrent. Donation fnjm k)tsl athh(tyfor Cookiw equit￿ Yoth Cwntu- Money For Lrfe- Increasing 5ourvJ ￿￿e'S txHJgeting skills DvJital ￿fe waiect- incr&wngyxJry literacy skils GLP LatKJ5we Patht5hipl . Engaging pewAe frorn the commutmty with acbvthe5 arml organisati￿$ in G￿Ver Garfiekl . Prow(lry opp￿￿1r￿tses yow carer5 to a￿￿esS a weekty group, familE5 to access a onthty group and actmbes dunrvj sctrKd ￿lKJaY5. Chiklren n Need- LGBT- ProMding a safe SpaCefor5w￿ LGBT+111-1BI people lo meetand ￿{esS workshops In a peer led group. Chiwren in music - ProvNling WUNJ peopk 111-181 V+ith oprortunities to access music workshops, IrJinhig and qualificalons VokJnteervvJ Wthsgrant 17. SuwtthJ ¥￿ntee[st0 ervJwJe in meanrufijl atKJ bTAunleer opportunths Ftuitful C(xnmunrt￿ . Transtotrniry Ihe garden in Quaker into a comfftunty g¥den for al to acce55 W*erlw - ProwrfJTrJ optrt)rtunilies for wung carers to actrss a weekty group, farn1￿$ lo access a onthty group and actmbes dunrvJ Sth[￿ ￿lKjayS conbnued... 42 SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- Mndnued FOR THE YEAR ENDED 31 MARCH 2020 19. MOVEMENT IN FUNDS- ¢OMlnued Chiklren in cutio￿ty . Using Sc￿￿ to engwJe chiklren, lo kn thut utban farming techriques SeasKle Yixrth Club- Engage Ihe In [x5s￿ve acbwties Indudiw fcx)Ibai coaching athvrties Cn Y Ta￿trt . SupwKbng youvj people 14.20 10 imwo¥E th￿[ rnental health Ihmugh free bitson.sMg byntino and music pr¢du¢tion Winter Presswes- pr(wide welb2YvJ setvKts arml swwrt to caTet4 and careAI for, of West GL4m(xgan. YC ID Card- rwsvwj awdrwEss and K*ntfyiry carers need5 and reswnsblrtEs LW5 Bank FourKJation - Y Street pThide5 ntuN¥e SUP￿1 for ￿pIe at homdessnesycurrertty sofa surfing aged 16 pl￿. CIN_ Y T3￿nI forJYxJry people 5 10 18 use m￿C and a5 an engagernentt(xA to IM[￿o¥e merrtal heahh and welbervJ. Soth V¥a￿S Poli￿ Cnme Comm￿sK)r￿S - prowding holsbc youth sennces arml enwment aCtsWt￿s to pe(¥￿ aged 11 pkJ5 to pr￿ent them fall￿ prey to C(xJnty Lines ath￿es In the Swansea area. D￿ed P(wrys p￿1￿ Cnme CommissKJners - p￿￿dIng holsbc youth seN£es and e[VJa￿ment aCtsWt￿s to pelv￿ aged 11 pkJ5 to pr￿ent them falli￿ prey to County Lines ath￿es in the L￿￿￿11 area. Y Connect support LGBT ￿ng peop￿ lo I￿p[Ove menlal he￿th and wdlQ)eing Ihr(wh provNon coun5elliry 5eMce5 and provide opporhnthes for wurvJ peop￿ to develop a& peer mentor5 to ddwer training ptDgramtne5. Alternate MX - txDwde supFx)rt LGBT peop￿ wth a pktfonn lo express th￿r ueativty in c[afbngth￿r o%*n art pr(4ects. Wetsh G)vernmenl CFAP Prcoram- repar iefurbtsfwl ofwThJo*s. Transfer5 bet￿n fiJtKIs Duriry Ihe star the tharity has transferred unrestrKted to vwh)us res¢ncted funds malcftd fu￿Ing. The truslees have t[ansf￿ futvjs vi reL4b(n to ca￿la1 grant5 tecLyved in pnor stats k> un￿str￿ted flmds. The trusiees this to be mcfe appropriate as all r￿nIeS have ¥enl rdaling lo the g￿ts and there a￿ no resththons c(rtinued... 43 SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- Mntinu FOR THE YEAR ENDED 31 MARCH 2Q20 RELATED PARTY DISCLOSURES There Y￿re no rdaled p￿t￿Sath￿S forlhe ￿rermIed 31 March 2020. 44 SWNNSEA YMCA DETAILED STATEMENT OF FINANeiALAeTIWTIES FOR THE YEAR ENDED 31 MARCH 2020 2020 2019 INCOME AND ENDOWMENTS Donatlons and l•gachs DonalK)ns Sundry Income 7.625 251 1655 7,876 2,655 Oth?rtrading a¢tivities Shq) inc¢me 5,742 Charitable activities Fiiness trntre incc*ne Rix)m hire Grant5 32.867 153,565 608.680 42,024 145,259 520,845 795.112 708,128 Total incoming r￿￿￿re•S 810.988 116.525 EXpEND￿LlRE Othertradltho a¢tlvhles Bad debts 1,233 Charitablt a¢Uvities Wages PensK)ns Tekphone Postsge and Stslthery Sundries Prefflises costs Travel costs Training costs Marketing costs Prgecl costs SubscriptK￿S & membet51yps Refte5htnents IT costs Legal % prOfesS￿n￿ fees ESF ditect cost5 F￿ho￿l property Improvements to proFety PL4nl machinery FixLures ￿K1 fftbrvJ5 Bank h)an interest Hye purchase 369,248 6,162 11.S55 502,014 5,757 10.668 4,562 1,444 120,924 26,067 16,992 4,251 32.192 8.3 1.434 7,53T 18,213 4.0 7.OLKI 25,933 1,574 8.593 30.962 1,920 209 322.646 25.753 7.219 2,180 40,083 6.1 1.427 11.384 25,933 3.563 27.518 3,760 885.525 840.4TI Support costs Thi8 p•)e ths not form part oftr* $18tutoryfmanck81 statrienls 44 SWANSEA YMCA DEr￿JLED STATEhlENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2020 2020 2019 Support costs Finan¢e Bank charges 7,fj73 6,562 Support cost5 A¢cwntan¢y legal fees 3,913 4.420 Tota rts(xJrce5 expended 897,111 852.692 W&t4xp•ndittir• 186,1231 1136,164 This payedoes mt fum partofthe 5tatttbryfinanua staiements 46 Follow us on Social Media for regular Updates: Facebook: /YMCASwansea & /YMCASwanseaFitness Instagram: @ymcaswansea & @ymcaswanseafitnesscentre Twitter: @YMCASwansea For more information please contact us on (01792) 652032 or email info@ymcaswansea.org.uk. www.ymcaswansea.org.uk