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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 08634510 (England and Wales) REGISTERED CHARITY NUMBER: 1154553

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

SWANSEA YMCA

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

SWANSEA YMCA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 32
Detailed Statement of Financial Activities 33 to 34

SWANSEA YMCA

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

TRUSTEES Mrs S L Owens P R Treseder Mrs D Lane A O Omole (resigned 14.6.21) Mrs J Brewer G Smith Ms E F Gilroy REGISTERED OFFICE 1 The Kingsway Swansea SA1 5JQ REGISTERED COMPANY 08634510 (England and Wales) NUMBER REGISTERED CHARITY 1154553 NUMBER INDEPENDENT EXAMINER Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Page 1

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

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 2021. 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).

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 Trustees prior 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.

Functions 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.

Induction and training of new Trustees:

New Trustees receive an induction pack containing the following:

Organisational structure

The Board of Trustees administers the Charity. The Board meets monthly 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.

Page 2

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

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.

Page 3

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Objectives and aims

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 22 people, and has a strong volunteer base.

We are part of a Federation of 101 YMCAs in England & Wales, and are part of an international movement with 64 million members worldwide. YMCA Swansea is an independent charity, affiliated to YMCA England and Wales, and is responsible for local services and fundraising. All monies raised are spent locally in Swansea and the surrounding area 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:

Our Ethos:

Our YMCA Hub is based in Swansea, and has a regional focus covering Swansea, Carmarthenshire, 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 -Arts Centre - Theatre, dance studios & recording studios -Conference Centre -Managed Office Spaces

Our Teams:

-Youth & Community -Employment, Skills & Training -Health & Wellbeing -Arts

The Core Business Offerings:

-Education, Skills & Training. -Youth Work, Community Development & Employment Support -Health Wellbeing & Fitness -Conferencing, Events & Activities -Managed Office Suites & Community Hub

-Arts & Creative Industries

Page 4

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

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.

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 ensures they are supported, appraised, valued and developed.

Finance & Funding - The YMCA will generate sufficient income to meet its objectives 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 improve 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 promotes opportunities for children and young people to gain the knowledge, skills and experience to reach their full potential. Children's rights are at the heart of our service.

Health Wellbeing & Fitness - The YMCA will provide services and support to enable children, young people and adults to lead healthy lives and tackle health inequalities.

Arts - The YMCA will provide arts services and support to enable children, young people and adults gain access to arts and music to learn new skills, improve their lives and promote the creative industries.

Community Development - The YMCA enables local people to decide, plan and take action to meet their own needs and supports the development of local services to become more effective and accessible, directly impacting upon quality of life, economically, socially and improving 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 responsibility. 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.

Page 5

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Equality & Diversity - The YMCA promotes equal rights & diversity in communities across Wales.

Volunteers - Volunteers are a valued and important resource for the YMCA and are core to the delivery of our services.

Page 6

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

People:

People are at the 'heart' of what we do, and are involved in planning, developing 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.

YMCA Projects & Services:

YMCA Swansea has extensive experience of delivering services supporting the most vulnerable children, young people and adults in our communities to become active citizens and gain the skills to live safe, fulfilled, independent lives.

Youth Work, Community Development & Employment Support Key Programmes :

Young Carers Supporting young carers aged 8-18years in Swansea & Neath Port Talbot via the
Programme YMCA Schools Programme, Family Programme & Young Carers Club.
Good Vibes
LGBT Youth Supporting LGBT young people in West Wales aged 11-24 years. Delivering PSE
Forum Programmes in schools including peer led Transgender Awareness.
YHUB Supporting NEET young people aged 11-25 years old.
Llanelli Seaside Providing detached Street Based Youth Work and Youth Club for children aged 8-16
Youth Project years in Seaside.
Providing Mental Health support in schools and communities for children and young
Y Connect people aged 5-25 years
BT Skills For Providing digital online training courses for children, young people and adults -
Tomorrow promoting Digital Inclusion.
Y Street Providing intensive support for sofa surfing homeless young people aged 16-24years.
Y Engage &
YES
Employability
Youth Upskilling, mentoring & building the confidence of NEET young people, providing paid
Programme work placements, helping unemployed young people to move closer to employment.
Training Centre specialising in Youth & Participation, Health & Well-Being, PSE &
Y Training Employability
YMCA Mental Health Anti-Stigma Programme supporting young people and key care
I AM WHOLE givers as part of a YMCA & NHS UK Campaign.
Be Real
Positive Body
Image
Campaign YMCA England & Wales Partnership with NHS.
Children in Need programme supporting participation in music & the creative industries
Y Talent for vulnerable children & young people.

YMCA Community Hub provides city centre office space & hot desks in Swansea. Tenants:

Page 7

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

YMCA Health & Well-Being:

Our Health & Well Being Programme works with 1,500 people per annum to improve fitness, wellbeing, mental & physical health, nutrition, aid recovery from illness & injury and support people with disabilities.

We deliver training and volunteering across our Health & Wellbeing services for children, young people and adults. The training especially supports those who would struggle in a mainstream environment, and offers additional support to children and 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 confidence and gain skills, overcoming barriers and work limiting health conditions.

Services Include:

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:

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.

FINANCIAL REVIEW

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 way the Trustees wish.

Principal funding sources

During the year the Charity raised income principally from service level agreements, fitness membership, facility and office rentals, donations and grants.

Investment policy and objectives

Under the Constitution, the Charity has the power to invest in any way 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.

Page 8

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Swansea YMCA is a registered charity governed by its Model YMCA Constitution dated 25 January 1967 and amended on 21 October 1991.

Swansea YMCA 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 30 December 2021 and signed on its behalf by:

................................................................. Mrs S L Owens - Trustee

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SWANSEA YMCA

Independent examiner's report to the trustees of Swansea YMCA ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

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 registered member of ACA 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

  3. 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

  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 (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.

Henry Lloyd Davies ACA Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

30 December 2021 Date: .............................................

Page 10

SWANSEA YMCA

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
21,041
Charitable activities
4
Fitness Centre
10,600
Room/Office Hire
86,481
Projects, Activities & Admin
53,576
Other trading activities
3
717
Total
172,415
EXPENDITURE ON
Raising funds
5
13,363
Charitable activities
6
Fitness Centre
2,526
Projects, Activities & Admin
82,277
Total
98,166
NET INCOME/(EXPENDITURE)
74,249
RECONCILIATION OF FUNDS
Total funds brought forward
594,247
TOTAL FUNDS CARRIED FORWARD
668,496		 Restricted
funds
£
-
-
-
587,587
-
587,587
-
-
587,587
587,587
-
-
-		 2021
Total
funds
£
21,041
10,600
86,481
641,163
717
760,002
13,363
2,526
669,864
685,753
74,249
594,247
668,496		 2020
Total
funds
£
7,876
32,867
153,565
608,680
8,000
810,988
-
7,281
889,830
897,111
(86,123)
680,370
594,247

The notes form part of these financial statements

Page 11

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

BALANCE SHEET 31 MARCH 2021

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
19
Unrestricted funds
TOTAL FUNDS		 Unrestricted
funds
£
1,415,763
78,217
105,146
183,363
(372,777)
(189,414)
1,226,349
(557,853)
668,496		 Restricted
funds
£
-
-
-
-
-
-
-
-
-		 2021
Total
funds
£
1,415,763
78,217
105,146
183,363
(372,777)
(189,414)
1,226,349
(557,853)
668,496
668,496
668,496		 2020
Total
funds
£
1,436,048
108,211
(95,304)
12,907
(280,977)
(268,070)
1,167,978
(573,731)
594,247
594,247
594,247

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 12

continued...

SWANSEA YMCA (REGISTERED NUMBER: 08634510)

BALANCE SHEET - continued 31 MARCH 2021

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 30 December 2021 and were signed on its behalf by:

............................................. S L Owens - Trustee

The notes form part of these financial statements

Page 13

SWANSEA YMCA

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Interest element of finance lease
payments paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Capital repayments in year
Net cash provided by financing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2021
£
225,371
(21,354)
-
204,017
(17,885)
(17,885)
35,207
(20,889)
-
14,318
200,450
(95,304)
105,146		 2020
£
38,304
(27,518)
(3,760)
7,026
(1,426)
(1,426)
60,000
(32,921)
(3,185)
23,894
29,494
(124,798)
(95,304)

The notes form part of these financial statements

Page 14

SWANSEA YMCA

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

2.

ACTIVITIES
2021 2020
£ £
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 74,249 (86,123)
Adjustments for:
Depreciation charges 38,166 37,441
Interest paid 21,354 27,518
Interest element of hire purchase and finance lease rental payments - 3,760
Decrease in debtors 29,994 23,199
Increase in creditors 61,608 32,509
Net cash provided by operations 225,371 38,304
ANALYSIS OF CHANGES IN NET DEBT
At 1.4.20 Cash flow At 31.3.21
£ £ £
Net cash
Cash at bank and in hand (95,304) 200,450 105,146
(95,304) 200,450 105,146
Debt
Finance leases (377) - (377)
Debts falling due within 1 year (120,755) (30,192) (150,947)
Debts falling due after 1 year (573,731) 15,878 (557,853)
(694,863) (14,314) (709,177)
Total (790,167) 186,136 (604,031)

The notes form part of these financial statements

Page 15

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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, as modified by the revaluation of certain assets.

Income

All incoming resources are included on the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Income from room hire is recognised when the hire takes place.

Office hire is recognised by reference to the period to which it relates. Rent is charged in accordance with the terms of the rental agreement.

Fitness centre income is recognised when paid. When a payment is made for an extended period it is credited evenly over the period to the SOFA.

Donations and similar incoming resources represent monies received by the charity from charitable donations and gifts. These are recognised in the Statement of Financial Activities upon receipt.

Grant income is accounted for on an accruals basis and is shown in the financial statements when the Charity earns the unconditional right to the funds. Grants received for a specific purpose are treated as restricted funds. Revenue grants are credited directly to the Statement of Financial Activities and Capital grants are released over the life of the asset in line with the depreciation policy.

Interest Receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

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.

The cost of generating funds comprises those costs associated with attracting grant income. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities, both costs directly attributable and indirect support costs. Governance costs include those costs associated with meeting constitutional and statutory requirements of the Charity.

All costs allocated between expenditure categories are on a basis designed to reflect their resource usage. For some costs this means direct allocation to activities, other costs are apportioned, e.g. by staff time spent on the activity, or another equitable usage measure.

Joint delivery costs are recognised in the period which they are awarded to the extent that they have been expended in accordance with the funding terms and conditions.

The Charity initially identifies the costs of its support functions. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charities programmes and activities. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between the three key charitable activities undertaken) in the year.

Page 16

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Allocation and apportionment of costs

Costs have been allocated as far as possible between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. Others have been apportioned based on the estimated usage of the resource.

Tangible fixed assets

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

Freehold Property - 2% on cost

Fixtures and Fittings - 20% on cost

Improvements to Property - 2% on cost

Plant and Machinery - 20% on cost

Included in freehold property is a land element which has a nil depreciation rate.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes falling in future time periods.

Restricted funds are funds subject to specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their useful lives. Those held under finance leases are depreciated over their estimated useful lives.

The interest element of these obligations are charged to the SOFA over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the SOFA on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charity operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

Page 17

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their useful lives. Those held under finance leases are depreciated over their estimated useful lives.

The interest element of these obligations are charged to the SOFA over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the SOFA on a straight line basis over the period of the lease.

Going Concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Legal status of the charity

The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

2. DONATIONS AND LEGACIES

Donations
Sundry income		 2021
£
21,041
-
21,041		 2020
£
7,625
251
7,876

Page 18

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

3. OTHER TRADING ACTIVITIES

Shop income
INCOME FROM CHARITABLE ACTIVITIES
Activity
Fitness centre income
Fitness Centre
Room hire
Room/Office Hire
Grants
Projects, Activities & Admin
Grants received, included in the above, are as follows:
LGBT Grant
Active Inclusion Grants
Young Carers Grant
Young Carers
ICF 2018/19
Streetgames Grant
SDF Transport to Gower
Cwmtawe Transformation
Youth Cymru - Creative Minds
CFAP Grant
Alternate MX
Seaside Youth Club
Winter pressures
CIN Y Talent
LLoyds Bank Foundation
Changing Futures
Accreditation
Swansea Youth Bank
GoodVibes
Dyfed Powys Police Crime Commissioner
South Wales Police Crime Commissioner
Young Carers Card Services
CADW
ICF I Care 2020/21
1910 Fund
Communities Fund Wales
Waterloo
Active Inclusion 024872
Active Inclusion 024923
WCVA - VSEF
VPU
CIN Booster Grant
BT - Good Things Foundation
City Cluster - Y Wellbeing
WCVA Corona Grant
Active Inclusion 024871
Active Inclusion 024924
Swansea Council RHL Grant
Carried forward		 2021
£
717
2021
£
10,600
86,481
641,163
738,244
2021
£
10,000
-
19,871
48,750
-
400
5,000
5,000
2,600
-
-
7,500
5,000
24,407
33,212
5,000
3,600
-
-
-
-
-
26,043
27,092
4,900
8,450
22,500
22,001
19,251
59,316
31,150
5,000
5,000
15,000
52,500
26,240
18,265
30,000
543,048		 2020
£
8,000
2020
£
32,867
153,565
608,680		 2020
£
8,000
795,112
2020
£
-
153,689
-
39,000
9,955
1,600
10,000
5,000
1,300
250,000
1,750
-
44,440
20,401
22,583
5,000
5,125
1,037
2,800
17,000
10,000
8,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
608,680

4. INCOME FROM CHARITABLE ACTIVITIES

Page 19

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

4.
INCOME FROM CHARITABLE ACTIVITIES - continued
Brought forward
YMCA E & W Corona Grant
Period Poverty Grant
ERF3
CRJS grants
Douglas Woods Fund
5.
RAISING FUNDS
Other trading activities
Bad debts
6.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Fitness Centre
2,526
Projects, Activities & Admin
663,230
665,756
7.
SUPPORT COSTS
Finance
£
Projects, Activities & Admin
1,820
8.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Depreciation - assets on hire purchase contracts and finance leases		 2021
£
543,048
14,500
600
15,850
53,576
13,589
641,163
2021
£
13,363
Support
costs (see
note 7)
£
-
6,634
6,634
Support
costs
£
4,814
2021
£
38,170
-		 2020
£
608,680
-
-
-
-
-		 2020
£
608,680
-
-
-
-
-		 2020
£
608,680
-
-
-
-
-
608,680
2020
£
-
Totals
£
2,526
669,864		 2020
£
-
672,390
Totals
£
6,634
2020
£
35,423
2,020		 Totals
£
6,634

Page 20

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Other pension costs		 2021
£
344,110
5,797
349,907		 2020
£
369,248
6,162
375,410

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

Administration
Fitness Centre
Maintenance		 2021
12
3
3
18		 2020
12
4
1
17

The Key Management Personnel of the Charity received remuneration of £71,216 (31/03/2020: £71,543), this includes gross salary paid, employers national insurance contributions and employers pension contributions.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,876
Charitable activities
Fitness Centre
32,867
Room/Office Hire
153,565
Projects, Activities & Admin
-
Other trading activities
8,000
Total
202,308
EXPENDITURE ON
Charitable activities
Fitness Centre
7,281
Projects, Activities & Admin
266,218
Total
273,499
NET INCOME/(EXPENDITURE)
(71,191)		 Restricted
funds
£
-
-
-
608,680
-
608,680
-
623,612
623,612
(14,932)		 Total
funds
£
7,876
32,867
153,565
608,680
8,000
810,988
7,281
889,830
897,111
(86,123)

Page 21

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11.
COMPARATIVES FOR THE STATEMENT
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
12.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2020
470,000
Additions
-
At 31 March 2021
470,000
DEPRECIATION
At 1 April 2020
119,000
Charge for year
7,000
At 31 March 2021
126,000
NET BOOK VALUE
At 31 March 2021
344,000
At 31 March 2020
351,000		 OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
665,438
14,932
594,247
-
Improvements
Fixtures
to
Plant and
and
property
machinery
fittings
£
£
£
1,296,674
74,181
333,025
-
11,585
6,300
1,296,674
85,766
339,325
216,601
71,485
330,746
25,933
3,293
1,944
242,534
74,778
332,690
1,054,140
10,988
6,635
1,080,073
2,696
2,279		 Total
funds
£
680,370
594,247
Totals
£
2,173,880
17,885
2,191,765
737,832
38,170
776,002
1,415,763
1,436,048		 Total
funds
£
680,370
594,247

The Board of Trustees have reviewed the market value and feel that the value in use of the property is greater than the market value due to the subsidised rents they offer clients and that the NBV of £1,398,140 reflects this (2019: £1,431,073). As a result the Board of Trustees have decided not to impair the asset. The Board of Trustees will review the position annually.

Included within Freehold Property is land, to the value of £120,000 that is not depreciated.

The freehold property is not considered to be a mixed use property by the trustees as the property is used to establish a third sector hub to benefit the community rather than to earn rentals.

Page 22

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

COST
At 1 April 2020 and 31 March 2021
DEPRECIATION
At 1 April 2020 and 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Finance leases (see note 17)
Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses		 2021
£
24,537
52,896
784
78,217
2021
£
150,947
377
35,547
53,213
9,384
102,228
21,081
372,777		 Fixtures
and
fittings
£
30,760
30,760
-
-
2020
£
91,706
15,721
784
108,211
2020
£
120,755
377
44,271
48,782
37,301
13,864
15,627
280,977

Page 23

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 16)
The finance lease was used to purchase equipment for the gymnasium.
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
17.
LEASING AGREEMENTS
Minimum lease payments under finance leases fall due as follows:
Net obligations repayable:
Within one year
18.
SECURED DEBTS
The following secured debts are included within creditors:
Bank loans
Finance leases
The bank loans and overdrafts are secured by:
2021
2020
£
£
557,853
573,731
2021
2020
£
£
150,947
120,755
25,876
31,653
90,045
106,950
441,932
435,128
Finance leases
2021
2020
£
£
377
377
2021
2020
£
£
708,800
694,486
377
377
709,177
694,863		 2020
£
573,731
2020
£
120,755
31,653
106,950
694,863

Finance leases are secured against the assets they relate.

Page 24

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
LGBT Grant
Young Carers Grant
Streetgames Grants
SDF Transport to Gower
Cwmtawe Transforrmation
Youth Cymru - Creative Minds
Seaside Youth Club
Winter pressures
CIN Y Talent
Lloyds Bank Foundation Grant
Changing Futures
Accreditation
CADW Grant
ICF I Care 2020/21
Period Poverty Grant
1910 Fund
Communities Fund Wales
Douglas Woods Fund
Waterloo
Active Inclusion 024871
Active Inclusion 024872
Active Inclusion 024923
Active Inclusion 024924
WCVA - VSEF
ERF3
VPU
CIN Booster Grant
BT - Good Things Foundation
City Cluster - Y Wellbeing
WCVA Corona Grant
Swansea Council RHL Grant
YMCA E & W Corona Grant
TOTAL FUNDS		 At 1.4.20
£
594,247
594,247
Incoming
resources
£
172,415
10,000
68,621
400
5,000
5,000
2,600
7,500
5,000
24,407
33,212
5,000
3,600
26,043
27,092
600
4,900
8,450
13,589
22,500
26,240
22,001
19,251
18,265
59,316
15,850
31,150
5,000
5,000
15,000
52,500
30,000
14,500
587,587
760,002		 Net
movement
At
in funds
31.3.21
£
£
74,249
668,496
74,249
668,496
Resources
Movement
expended
in funds
£
£
(98,166)
74,249
(10,000)
-
(68,621)
-
(400)
-
(5,000)
-
(5,000)
-
(2,600)
-
(7,500)
-
(5,000)
-
(24,407)
-
(33,212)
-
(5,000)
-
(3,600)
-
(26,043)
-
(27,092)
-
(600)
-
(4,900)
-
(8,450)
-
(13,589)
-
(22,500)
-
(26,240)
-
(22,001)
-
(19,251)
-
(18,265)
-
(59,316)
-
(15,850)
-
(31,150)
-
(5,000)
-
(5,000)
-
(15,000)
-
(52,500)
-
(30,000)
-
(14,500)
-
(587,587)
-
(685,753)
74,249

Page 25

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Capital grants
Restricted funds
Waterloo
BLF - Awards For All
TOTAL FUNDS		 At 1.4.19
£
(28,339)
693,777
665,438
6,807
8,125
14,932
680,370		 Net
movement
in funds
£
(71,191)
-
(71,191)
(6,807)
(8,125)
(14,932)
(86,123)		 At
31.3.20
£
(99,530)
693,777
594,247
-
-
-
594,247

Page 26

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Goodvibes
Young Carers Grant
AI 24010 Swansea Adults 3
AI 024027 Swansea Youth 3
AI 024037- YES Adult Project
AI 024056- YES Youth Project
Waterloo
ICF 2018/19
Streetgames Grants
SDF Transport to Gower
Cwmtawe Transforrmation
Youth Cymru - Creative Minds
BLF - Awards For All
CFAP Grants
Alternate MX
Winter pressures
CIN Y Talent
Lloyds Bank Foundation Grant
Changing Futures
Accreditation
Swansea Youth Bank
Dyfed Powys Police Crime
Commissioner
South Wales Police Crime
Commissioner
Young Carers Card Services
TOTAL FUNDS		 Incoming
resources
£
202,308
2,800
39,000
29,976
7,742
31,788
84,183
-
9,955
1,600
10,000
5,000
1,300
-
250,000
1,750
44,440
20,401
22,583
5,000
5,125
1,037
17,000
10,000
8,000
608,680
810,988		 Resources
Movement
expended
in funds
£
£
(273,499)
(71,191)
(2,800)
-
(39,000)
-
(29,976)
-
(7,742)
-
(31,788)
-
(84,183)
-
(6,807)
(6,807)
(9,955)
-
(1,600)
-
(10,000)
-
(5,000)
-
(1,300)
-
(8,125)
(8,125)
(250,000)
-
(1,750)
-
(44,440)
-
(20,401)
-
(22,583)
-
(5,000)
-
(5,125)
-
(1,037)
-
(17,000)
-
(10,000)
-
(8,000)
-
(623,612)
(14,932)
(897,111)
(86,123)

Page 27

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Capital grants
Restricted funds
Waterloo
BLF - Awards For All
TOTAL FUNDS		 At 1.4.19
£
(28,339)
693,777
665,438
6,807
8,125
14,932
680,370		 Net
movement
in funds
£
3,058
-
3,058
(6,807)
(8,125)
(14,932)
(11,874)		 At
31.3.21
£
(25,281)
693,777
668,496
-
-
-
668,496

Page 28

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 374,723 (371,665) 3,058
Restricted funds
Goodvibes 2,800 (2,800) -
LGBT Grant 10,000 (10,000) -
Young Carers Grant 107,621 (107,621) -
AI 24010 Swansea Adults 3 29,976 (29,976) -
AI 024027 Swansea Youth 3 7,742 (7,742) -
AI 024037- YES Adult Project 31,788 (31,788) -
AI 024056- YES Youth Project 84,183 (84,183) -
Waterloo - (6,807) (6,807)
ICF 2018/19 9,955 (9,955) -
Streetgames Grants 2,000 (2,000) -
SDF Transport to Gower 15,000 (15,000) -
Cwmtawe Transforrmation 10,000 (10,000) -
Youth Cymru - Creative Minds 3,900 (3,900) -
BLF - Awards For All - (8,125) (8,125)
CFAP Grants 250,000 (250,000) -
Alternate MX 1,750 (1,750) -
Seaside Youth Club 7,500 (7,500) -
Winter pressures 49,440 (49,440) -
CIN Y Talent 44,808 (44,808) -
Lloyds Bank Foundation Grant 55,795 (55,795) -
Changing Futures 10,000 (10,000) -
Accreditation 8,725 (8,725) -
Swansea Youth Bank 1,037 (1,037) -
Dyfed Powys Police Crime
Commissioner 17,000 (17,000) -
South Wales Police Crime
Commissioner 10,000 (10,000) -
Young Carers Card Services 8,000 (8,000) -
CADW Grant 26,043 (26,043) -
ICF I Care 2020/21 27,092 (27,092) -
Period Poverty Grant 600 (600) -
1910 Fund 4,900 (4,900) -
Communities Fund Wales 8,450 (8,450) -
Douglas Woods Fund 13,589 (13,589) -
Waterloo 22,500 (22,500) -
Active Inclusion 024871 26,240 (26,240) -
Active Inclusion 024872 22,001 (22,001) -
Active Inclusion 024923 19,251 (19,251) -
Active Inclusion 024924 18,265 (18,265) -
WCVA - VSEF 59,316 (59,316) -
ERF3 15,850 (15,850) -
VPU 31,150 (31,150) -
CIN Booster Grant 5,000 (5,000) -
BT - Good Things Foundation 5,000 (5,000) -
City Cluster - Y Wellbeing 15,000 (15,000) -
WCVA Corona Grant 52,500 (52,500) -
Swansea Council RHL Grant 30,000 (30,000) -
YMCA E & W Corona Grant 14,500 (14,500) -

Page 29

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS - continued

1,196,267
(1,211,199)
TOTAL FUNDS
1,570,990
(1,582,864)		 (14,932)
(11,874)

Restricted Funds

The purpose of the restricted funds are detailed below:

Children in Need - Arts programme for children and young people funded by Children In Need.

LGBT Grant - A grant to support young Lesbian, Gay, Bisexual & Trans young people in Swansea by providing a LGBT Youth Forum - Swansea Council.

Young Carers grant - Supporting young carers by providing a holistic family approach to reducing barriers to accessing support and increasing their resilience to their caring role.

Erasmus - providing training opportunities to staff in European countries.

Musical Routes - Music and arts to help asylum seekers and refugees tell a story about their heritage

Big Music Project - A project that helps young people to get involved in the music industry, meet professionals and take part in festivals, volunteering and live performances.

ABMU- Young Carers Liaison Officer grant - Raising awareness of Young Carers Issues in Primary schools

Tangent- Young carers - Donation received by Tangent group for Young Carers activities

Y Engage Swansea ILM - Supported employment placements provided by Active Inclusion (ESF Funded) project

Y Engage Swansea adults 2 - Supporting adults in Swansea to support their employability opportunities

Young carers equipment - Donation from local authority for Cooking equipment

Youth Cymru- Money For Life - Increasing young people's budgeting skills

Digital Life project - increasing young people's digital literacy skills

GLP (Gower Landscape Partnership) - Engaging people from the community with activities and organisations in Gower

Garfield - Providing opportunities for young carers to access a weekly group, families to access a monthly group and activities during school holidays.

Children in Need- LGBT - Providing a safe space for young LGBT+ (11-18) people to meet and access workshops in a peer led group.

Children in Need- music - Providing young people (11-18) with opportunities to access music workshops, training and qualifications

Volunteering Wales grant 17 - Supporting volunteers to engage in meaningful and supportive volunteer opportunities

Fruitful communities - Transforming the garden in Quaker house into a community garden for all to access

Waterloo - Providing opportunities for young carers to access a weekly group, families to access a monthly group and activities during school holidays

Page 30

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS - continued

Children in Need- Curiosity - Using science to engage children, to learn about urban farming techniques

Seaside Youth Club - Engage the youth in positive activities including football coaching activities

Cin Y Talent - Supporting young people 14-20 to improve their mental health through free music tuition,song writing and music production.

Winter Pressures – provide wellbeing services and support to carers, and cared for, people of West Glamorgan.

YC ID Card – raising awareness and identifying young carers needs and responsibilities.

Lloyds Bank Foundation – Y Street programme provides intensive support for people at risk of homelessness/currently sofa surfing aged 16 plus.

CIN – Y Talent for young people 5 to 18 use music and arts as an engagement tool to improve mental health and wellbeing.

South Wales Police Crime Commissioners – providing holistic youth services and engagement activities to young people aged 11 plus to prevent them falling prey to County Lines activities in the Swansea area.

Dyfed Powys Police Crime Commissioners – providing holistic youth services and engagement activities to young people aged 11 plus to prevent them falling prey to County Lines activities in the Llanelli area.

Y Connect support LGBT young people to improve mental health and well-being through provision of counselling services and provide opportunities for young people to develop as peer mentors to deliver training programmes.

Alternate MX – provide support LGBT young people with a platform to express their creativity in crafting their own art projects.

Welsh Government CFAP Program – repair and refurbishment of windows.

WCVA Third Sector Resilience Fund - loans to help third sector organisations build resilience following income reduction due to Covid - 19

WCVA Voluntary Services Emergency Fund funding to improve/sustain the services that support the well-being of the most vulnerable individuals/communities.

Welsh Government Economic Resilience Fund 3 - financial assistance to develop businesses which will assist with recovery from the effects of the Covid-19 pandemic.

City Cluster Grant Scheme - The Y Wellbeing Project provides a targeted new Mental Health and Wellbeing Support Service for Young People for 8 GP Practices in Swansea

Communities Foundation Wales - Wales Coronavirus Resilience Fund -- towards cost of additional sanitising materials, signage and safety screens plus PPE to ensure the safety of all staff and beneficiaries

Police and Crime Commissioner South Wales - - inter agency work with young people to provide street based preventative and early intervention work where young people are at risk of youth violence, criminal exploitation, carrying weapons, county lines and gang involvement.

Children In Need Booster Grant -- additional support to assist organisations to reach and meet the needs of the children and young people they work with during the Covid-19 situation

Page 31

continued...

SWANSEA YMCA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

19. MOVEMENT IN FUNDS - continued

Good Things Foundation BT - Skills for Tomorrow -- support individuals using Learn My Way to improve their digital skills

Transfers between funds

During the year the charity has transferred unrestricted funds to various restricted funds for matched funding.

The trustees have transferred funds in relation to capital grants received in prior years to unrestricted funds. The trustees consider this to be more appropriate as all monies have been spent relating to the grants and there are no restrictions.

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 32

SWANSEA YMCA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Sundry income
Other trading activities
Shop income
Charitable activities
Fitness centre income
Room hire
Grants
Total incoming resources
EXPENDITURE
Other trading activities
Bad debts
Charitable activities
Wages
Pensions
Telephone
Postage and stationery
Sundries
Premises costs
Travel costs
Training costs
Marketing costs
Project costs
Subscriptions & memberships
Refreshments
IT costs
Legal & professional fees
Freehold property
Improvements to property
Plant and machinery
Fixtures and fittings
Bank loan interest
Hire purchase		 2021
£
21,041
-
21,041
717
10,600
86,481
641,163
738,244
760,002
13,363
344,110
5,797
10,555
1,931
2,510
159,663
9,129
5,293
11,035
33,335
5,550
412
10,038
6,878
7,000
25,933
3,289
1,944
21,354
-
665,756		 2020
£
7,625
251
7,876
8,000
32,867
153,565
608,680
795,112
810,988
-
369,248
6,162
11,355
5,396
209
322,646
25,753
7,219
2,180
40,083
6,162
1,427
7,582
11,384
7,000
25,933
945
3,563
27,518
3,760
885,525

Support costs

This page does not form part of the statutory financial statements

Page 33

SWANSEA YMCA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
Support costs
Finance
Bank charges
Support costs
Accountancy and legal fees
Total resources expended
Net income/(expenditure)		 2021
£
1,820
4,814
685,753
74,249		 2020
£
7,673
3,913
897,111
(86,123)

This page does not form part of the statutory financial statements

Page 34