##
||||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|
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|||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)||
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