2022-03-31-accounts - Swansea YMCA

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	6
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement			10
Notes to the Cash Flow	Statement
Notes to the Financial	Statements	12	to	25

		FO	R THE YEAR E	NDED 31 MARCH	2022
						2022	2021
				Unrestricted	Restricted	Total	Total
			Notes	funds	funds F	funds	fundsf
INCOME AND ENDOWMENTS		FROM
Donations and legacies				11,792		11,792	24,641
Charitable activities
Fitness Centre				28,618		28,618	10,600
Room/Office Hire				135,769		135,769	86,481
Projects, Activities &Adrnin				8,324	808,885	817,209	637,563
Other trading activities							717
Total				184,503	808,885	993,388	760,002
EXPENDITURE ON
Raising funds				2,059		2,059	13,363
Charitable activities
Fitness Centre							2,526
Projects, Activities 8	Adrnin			153,097	808,885	961,982	669,864
Total				155,156	808,885	964,041	685,753
NET INCOME				29,347		29,347	74,249
RECONCILIATION	OF FUNDS
Total funds brought	forward			668,496		668,496	594,247
TOTAL FUNDS CARRIED FORWARD				697843		697843	668 496

			31	MARCH 2022
						2022	2021
				Unrestricted	Restricted	Total	Total
			Notes	funds f	funds f	fundsf	fundsf
FIXEDASSETS
Tangible	assets		12	1,388,129		1,388,129	1,415,763
CURRENT ASSETS
Debtors			13	120,558		120,558	78,217
Cash at	bank and	in hand		144,559		144,559	105,146
				265,117		265,117	183,363
CREDITORS
Amounts	falling due within one year		14	(424,002)		(424,002)	(372,777)
NET CURRENT ASSETS				~158,885)		~158,885)	~188,414)
TOTAL	ASSETS	LESSCURRENT LIABILITIES		1,229,244		1,229,244	1,226,349
CREDITORS
Amounts	falling due after more than one year		15	(531,401)		(531,401)	(557,853)
NET ASSETS				697,843		697,843	668,496
FUNDS			19
Unrestricted funds						697,843	668,496
TOTAL	FUNDS					697,843	668,496

		FOR THE YEAR ENDE	D 31 MARCH 2022
			2022	2021
		Notes		E
Cash flows from operating	activities
Cash generated from operations Interest paid			136,944 ~31,839	225,371 ~27.354)
Net cash provided by operating activities			105,105	204,017
Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities			13,153 13,153	~17,885) ~17,885)
Cash flows from financing	activities
New loans in year Loan repayments in year			4,427 ~56,966	35,207 ~29,889)
Net cash (used in)/provided	by financing	activities	52,539	14,318
Change in cash and cash	equivalents	in
the reporting period			39,413	200,450
Cash and cash equivalents	at the
beginning ofthe reporting	period		105,146	(95,304)
Cash and cash equivalents	at the end	of
the reporting period			144,559	105,146

								2022f	2021 f
Net income	for the	reporting			period (as per the Statement	of Financial
Activities)								29,347	74,249
Adjustments	for:
Depreciation	charges							40,788	38,166
Interest paid								31,839	21,354
(Increase)/decrease		in debtors						(42,341)	29,994
Increase in creditors								77,3 I 'I	61,608
Net cash provided		by	operations					136944	225,371
ANALYSIS OF CHANGES				IN	NET DEBT
							At 1.421f	Cash flowf	At 31.3.22f
Net cash
Cash at bank and in		hand					105,146	39,413	144,559
							105,146	39,413	144,559
Debt
Finance leases							(377)		(377)
Debts falling Debts falling	due within 1 year due after 1 year						(150,947) ~557,353)	26,086 26,452	(124,861) ~531,401)
Total							~709,177) ~604,03))	52,538 91,951	~655,539) ~512,060)

						2022f	2021
Donations						7,563	21,041
Sundry income						4,229	3,600
						11,792	24,641
OTHER TRADING ACTIVITIES
						2022f	2021
Shop income							717
INCOME FROM	CHARITABLE		ACTIVITIES
						2022	2021
			Activity
Fitness centre income			Fitness Centre			28,618	10,600
Room hire			Room/Offic	Hire		135,769	86,481
Grants			Projects, Activities		8 Admin	817,209	637,563
						981,596	734,644
Grants received,	included	in the	above, are as	follows:
						2022	2021
						E
CIN LGBT Grant						10,000	10,000
Youth Cymru						2,000
Kickstart						12,618
CIN Young Carers Grant						39,742	19,871
Swansea Council	Young	Carers	Provision			49,834	39,000
Crossing Borders						450
Streetgarnes Grant							400
Carried forward						114,644	69,271

INCOME FROM CHARI	TABL	E ACTIV	ITIES - continued
				2022	2021
				F	E
Brought forward				114,644	69,271
SDFTransport to Gower				5,000	5,000
Cwmtawe Transformation					5,000
Youth Cymru —Creative	Minds				2,600
Seaside Youth Club				500	7,500
Winter pressures					5,000
GIN YTalent				25,727	24,407
LLoyds Bank Foundation				33,791	33,212
Changing Futures					5,000
Young Carers ID Card Services				10,000	9,750
CADW					26,043
ICF We Care				55,748	27,092
1910Fund					4,900
Communities Fund Wales					8,450
Waterloo Foundation				18,750	22,500
WCVA - VSEF					59,316
VPU					31,150
GIN Booster Grant					5,000
BT - Good Things Foundation					5,000
City Cluster - YWellbeing					15,000
WCVA Corona Grant					52,500
Swansea Council RHL Grant					30,000
YMCA E8 W Corona Grant				8,000	14,500
Period Poverty Grant					600
ERF3					15,850
CRJS grants				8,324	53,576
Douglas Woods Fund					13,589
Welsh Government				21,000
SCC LGBT + Wellbeing				19,991
LGBTWinter ofWellbeing				3,400
YHUB Youth Bank				24,866
Swansea Council Young	Carers Respit		e Grant	14,300
Swansea Council Young	Carers Week		end Provision	12,240
Y Legacy —National Museum		Wales		4,686
ICF We are Young Carers				22,119
RDP Y Solutions				13,382
Neath Port Talbot				500
Swansea Council Young	Carers Winter		ofWellbeing	6,000
WCVA Active Inclusion				204,208	85,757
Peer Action Collective				25,139
Charities Aid Foundation				80,988
WCVA S.I.D. Grant				52,904
World Wildlife Fund				900
Moondance Foundation				12,102
Swansea Council LGBT	Grant			5,000
West Glamorgan Partnership				13,000
				817209	637 563

Other trading	activities
				2022	2021
				F
Bad debts				2 959	13,363
CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 7)	Totals
			F.	E
Projects, Activities 8 Admin			954,795	7 187	981 982
SUPPORT COSTS
				Support
			Finance	costs	Totals
Projects, Activities 8 Admin			2,788	4 399	7 187
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2022	2021
				F	E
Depreciation	—owned assets			40 787	38,170

STAFF COSTS
				2022	2021
Wages and salaries				622,260	344,110
Other pension costs				9,562	5,797
				631,822	349,907
The average monthly	number ofemployees	during	the year was as follows:
				2022	2021
Administration				24	12
Fitness Centre				2	3
Maintenance				3	3
WCVA Placements				10
				39	18

	NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH	NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH	NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH	NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH	- continued 2022
COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
					Unrestricted	Restricted	Total
					funds	funds	funds
							E
INCOME AND ENDOWMENTS			FROM
Donations and legacies					24,641		24,641
Charitable activities
Fitness Centre					10,600		10,600
Room~Office Hire					86,481		86,481
Projects, Activities	8 Admin				53,576	583,987	637,563
Other trading activities					717		717
Total					176,015	583,987	760,002
EXPENDITURE ON
Raising funds					13,363		13,363
Charitable activities
Fitness Centre					2,526		2,526
Projects, Activities	& Admin				85,877	583,987	669,864
Total					101,766	583,987	685,753
NET INCOME					74,249		74,249
RECONCILIATION	OF FUNDS
Total funds brought		forward			594,247		594,247
TOTAL FUNDS CARRIED FORWARD					668,496		668,496
TANGIBLE FIXED	ASSETS
				Improvements		Fixtures
			Freehold	to	Plant and	and
			property	property	machinery	fittings	Totals
			F		F
COST
At 1 April 2021			470,000	1,296,674	85,766	339,325	2,191,765
Additions					7,297	5,856	13,153
At 31 March 2022			470,000	1,296,674	93,063	345,181	2,204,918
DEPRECIATION
At 1 April 2021			126,000	242,534	74,778	332,690	776,002
Charge for year			7,000	25,932	4,707	3,148	40,787
At 31 March 2022			133,000	268,466	79,485	335,838	816,789
NET BOOK VALUE
At 31 March 2022			337,000	1 028208	13,578	9 343	1,388,129
At 31 March 2021			344,000	1 054 140	10,988	6635	1,415,763

	Fixed assets, included in t	he above, whic	h are held	under finance leases are as follow	s:
						Fixtures
						and
						fittings
	COST
	At 1 April 2021 and 31 March 2022					30,760
	DEPRECIATION
	At 1 April 2021 and 31 March 2022					30,760
	NET BOOK VALUE
	At 31 March 2022
	At 31 March 2021
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					2022	2021
					E	E
	Trade debtors				15,156	24,537
	Other debtors				85,755	52,896
	Prepayments and accrued	income			19,647	784
					120555	78,217
14.	CREDITORS: AMOUNTS	FALLING DUE WITHIN		ONE YEAR
					2022	2021
					E
	Bank loans and overdrafls	(see note 16)			124,861	150,947
	Finance leases (see note	17)			377	377
	Trade creditors				8,403	35,547
	Social security and other taxes				60,036	53,213
	Other creditors				46,071	9,364
	Deferred income				154,721	102,228
	Accrued expenses				29,533	21,081
					424 002	372,777
15.	CREDITORS: AMOUNTS	FALLING DUE AFTER		MORE THAN ONE YEAR
					2022	2021
					F
	Bank loans (see note 16)				531 401	557,853
	The finance lease was used to purchase		equipment	for the gymnasium.

An analysis	of t	he maturity	of	loans is given belo	w:
						2022	2021
						E	E
Amounts falling		due within	one year on demand:
Bank loans						124661	150,947
Amounts falling		between	one	and two years:
Bank loans	—1-2years					32 352	25 575
Amounts falling		due between		two and five years:
Bank loans	—2-5 years					109422	90 045
Amounts falling		due in more than five years:
Repayable	by instalments:
Bank loans	more 5 yr by		instal			389,627	441,932
LEASING	AGREEMENTS
Minimum lease		payments	under finance leases fall due as follows:
						Finance	leases
						2022	2021
						E	E
Net obligations		repayable:
Within one	year					377	377
SECURED	DEBTS
The following secured debts are included within					creditors:
						2022	2021
						F
Bank loans						656,262	708,800
Finance leases						377	377
						656 639	709,177

MOVEM	ENT	IN FUNDS
				Net
				movement	At
			At 1.4.21	in funds	31.3.22
				F
Unrestricted		funds
General	fund		668,496	29,347	697,843
TOTAL	FUNDS		668,496	29,347	697,843

Net movement in funds, i	nclud	ed	in the above are as follow	s:
				Incoming	Resources	Movement
				resources	expended	in funds
					E		E
Unrestricted funds
General fund				184,503	(155,156)	29,347
Restricted funds
CIN LGBT Grant				10,000	(10,000)
Youth Cymru				2,000	(2,000)
YHLIB Youth Bank				24,866	(24,866)
Kickstart				12,618	(12,618)
Swansea Council Young	Carers		Provision	89,576	(89,576)
Crossing Borders				450	(450)
SDF Transport to Gower				5,000	(5,000)
Seaside Youth Club				500	(500)
CIN YTalent				25,727	(25,727)
Lloyds Bank Foundation	Grant			33,791	(33,791)
Young Carers I~ Card Services				10,000	(10,000)
ICF We Care				55,748	(55,748)
Waterloo Foundation				18,750	(18,750)
YMCA E 8 W Corona Grant				8,000	(8,000)
Welsh Government				21,000	(21,000)
SCC LGBT + Wellbeing				19,991	(19,991)
LGBTWinter ofWellbeing				3,400	(3,400)
Swansea Council Young	Carers		Respite
Grant				14,300	(14,300)
Swansea Council Young	Carers		Weekend
Provision				12,240	(12,240)
Y Legacy —National Museum		Wa	les	4,686	(4,686)
ICF We are Young Carers				22,119	(22,119)
RDP Y Solutions				13,382	(13,382)
Neath Port Talbot				500	(500)
Swansea Council Young	Carers		Winter of
Wellbeing				6,000	(6,000)
WCVA Active Inclusion				204,208	(204,208)
Peer Action Collective				25,139	(25,139)
Charities Aid Foundation				80,988	(80,988)
WCVA S.I.D. Grant				52,904	(52,904)
World Wildlife Fund				900	(900)
Moondance Foundation				12,102	(12,102)
Swansea Council LGBT Grant West Glamorgan Partnership				5,000 13,000 808,885	(5,000) ~13,000) ~808,885)
TOTAL FUNDS				993,388	~864,044)	29,347
Comparatives for movement		in	funds
					Net
					movement	At
				At 1,4,20	in funds	31.3.21
					E
Unrestricted funds
General fund				594,247	74,249	668,496
TOTAL FUNDS				594,247	74,249	668,496

Comparative net moveme	nt in fu	nds, included in th	e above ar	e as follo	ws:
					Incoming	Resources	Movement
					resourcesf	expendedf	in funds f
Unrestricted funds
General fund					176,015	(101,766)	74,249
Restricted funds
CIN LGBT Grant					10,000	(10,000)
Swansea Council Young	Carers	Provision			58,871	(58,871)
Streetgames Grants					400	(400)
SDF Transport to Gower					5,000	(5,000)
Cwmtawe Transforrmation					5,000	(5,000)
Youth Cymru - Creative Minds					2,600	(2,600)
Seaside Youth Club					7,500	(7,500)
Winter pressures					5,000	(5,000)
CIN YTalent					24,407	(24,407)
Lloyds Bank Foundation	Grant				33,212	(33,212)
Changing Futures					5,000	(5,000)
Young Carers I~ Card Services					9,750	(9,750)
CADW Grant					26,043	(26,043)
ICF We Care					27,092	(27,092)
Period Poverty Grant					600	(600)
1910Fund					4,900	(4,900)
Communities Fund Wales					8,450	(8,450)
Douglas Woods Fund					13,589	(13,589)
Waterloo Foundation					22,500	(22,500)
WCVA —VSEF					59,316	(59,316)
ERF3					15,850	(15,850)
VPLI					31,150	(31,150)
CIN Booster Grant					5,000	(5,000)
BT —Good Things Foundation					5,000	(5,000)
City Cluster —YWellbeing					15,000	(15,000)
WCVA Corona Grant					52,500	(52,500)
Swansea Council RHL Grant					30,000	(30,000)
YMCA E 8 W Corona Grant WCVA Active Inclusion					14,500 85,757 583,987	(14,500) ~85,757) ~583,987)
TOTAL FUNDS					760,002	~685,753)	74,249
A current year 12 months	and prior year 12months		combined	position	is as follows:
						Net
						movement	At
					At 1.4.20f	in fundsf	31.3.22f
Unrestricted funds
General fund					594,247	103,596	697,843
TOTAL FUNDS					594,247	103,596	697,843

A current year 12 months	and	p	r	ior year 12months combine	d net movement in funds, inc	luded in the above	are as follow
					Incoming	Resources	Movement
					resources	expended	in funds
					E	E	E
Unrestricted funds
General fund					360,518	(256,922)	103,596
Restricted funds
CIN LGBT Grant					20,000	(20,000)
Youth Cymru					2,000	(2,000)
YHUB Youth Bank					24,866	(24,866)
Kickstart					12,618	(12,618)
Swansea Council Young	Carer		s Provision		148,447	(148,447)
Crossing Borders					450	(450)
Streetgames Grants					400	(400)
SDF Transport to Gower					10,000	(10,000)
Cwmtawe Transforrmation					5,000	(5,000)
Youth Cymru - Creative Minds					2,600	(2,600)
Seaside Youth Club					8,000	(8,000)
Winter pressures					5,000	(5,000)
CIN YTalent					50,134	(50,134)
Lloyds Bank Foundation	Grant				67,003	(67,003)
Changing Futures					5,000	(5,000)
Young Carers I~ Card Services					19,750	(19,750)
CADW Grant					26,043	(26,043)
ICF We Care					82,840	(82,840)
Period Poverty Grant					600	(600)
1910Fund					4,900	(4,900)
Communities Fund Wales					8,450	(8,450)
Douglas Woods Fund					13,589	(13,589)
Waterloo Foundation					41,250	(41,250)
WCVA —VSEF					59,316	(59,316)
ERF3					15,850	(15,850)
VPLJ					31,150	(31,150)
CIN Booster Grant					5,000	(5,000)
BT —Good Things Foundation					5,000	(5,000)
City Cluster —YWellbeing					15,000	(15,000)
WCVA Corona Grant					52,500	(52,500)
Swansea Council RHL Grant					30,000	(30,000)
YMCA E 8 W Corona Grant					22,500	(22,500)
Welsh Government					21,000	(21,000)
SCC LGBT + Wellbeing					19,991	(19,991)
LGBTWinter ofWellbeing					3,400	(3,400)
Swansea Council Young	Carer		s Respite
Grant					14,300	(14,300)
Swansea Council Young	Carer		s Weekend
Provision					12,240	(12,240)
Y Legacy —National Museum		W		ales	4,686	(4,686)
ICF We are Young Carers					22,119	(22,119)
RDP Y Solutions					13,382	(13,382)
Neath Port Talbot					500	(500)
Swansea Council Young	Carer		s Winter of
Wellbeing					6,000	(6,000)
WCVA Active Inclusion					289,965	(289,965)
Peer Action Collective					25,139	(25,139)
Charities Aid Foundation WCVA S.I.D. Grant					80,988 52,904	(80,988) (52,904)
World Wildlife Fund					900	(900)
Moondance Foundation					12,102	(12,102)
Swansea Council LGBT Grant West Glamorgan Partnership					5,000 13,000	(5,000) ~13,000)
					1,392,872	~1,392,tl72)