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 2024 FOR SWANSEA YMCA Bevan Buckland LLP CharterE¥fj Aeu)un13nts Ground Fk)or CardwJan House eas￿• Court Swansea Enterprise Park Sswdnsea SA7 9LA SWANSEA YMCA CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pag8 Reference and Admlnlstrative Dotslls R•port of th• Trust••s 2 to 6 Independent Examlnees Report 8ta*ment of Flnanclal Acllvttles Balance sheet Cash Fl•)w Statsment 10 Notes to the Cash Fl(M Statempnt 11 Notes to the Flnancial Statements 12 to 24 Detslled Statemant of Financial Acll¥ftles 25 to 26 SWANSEA YMCA REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Mrs S L Cknns {Chair) Mrs V J Rees (ap￿inted 6.6.23) P R Treseder Mrs D Lane Ms E F e?Flroy R Williams (resMJned 6.6.23) Ms R Sheen de Jesus1gppoint*J 27.3.24) Mrs R E F KusLthr (appK*inled 29.11.23) REGISTERED OFFICE 1 T1￿ Kin95 Swansea SAI 5JQ REGISTERED COMPANY NUMBER 08634510 (England and Wales) REGISTERED CHARrrY NUMBER 1154553 INDEPENDENT EXAMINER Bev8n Buckland LLP Chartered Accountants Ground FlcK¥r Cardigan HOL Castle Court Swansea Enterprise Partt SA7 P&3e 1 SWANSEA YMCA (REGISTERED NUMBER: 08634510) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Irustees who a￿ alw direGt¢)rs of the (*arity for the purposes of the Companies Act 2C￿6, present thorr report ￿•￿th the finan￿81 stalements of the chanty for the year end&J 31 March 2024. The trustees have adopted Ihe provis￿ns of Ac(x)untsng and Rewrting by Charities.. Statement of Re(L)mmended Prac￿￿ applicable to charities preparing their sunts in accordance Yoth the Financial RewtirKJ Standwd appli(able in the UK and Republic of Ireland (FRS 102) (effective 1 January 2E119). Recruitment and appoinlm•nt ol trustaes: As sel out in the Artides of Association. all trustees and ¢Jesignated officers induding the Chair is appointed at the AGM. All member5 are (irculat&J wth invitations lo nominate Trustees prior to AGM. Full lists of those nominated are arculated to members pfwJr lo the AGM date for I￿)nSIder*i0n. Attention of members is dravm lo the need to have a of representakn aThJ diver5ty induding". gender, a3e, ¢thnicAty. disability, sexvelty end geography. Thc Trustec Board meets no less than four limas in gach finanaal year. FunGtlon5 ofthp include: -To have rjjntrol of Ihe Chaty and tts propety funtts. -To have resFMJnsibility for overall wveman(* and strat￿J1C diwtK)n. -To develop the aims, objectives and organisational 9Jals in ￿(￿rdanCe with the legal and wulatory framework of the sector and in line wih the organisation's governing document. 0)ntinual￿ strivirYJ for best practice in goveman(t. -To uphold the fiduoary duty investgj in the wsition. urKlertakiru su(* duties in a way that adds to public confidence and trust. -InterVi￿ing. ap￿inting and mcthntloring the work and xtivities of senior paid staff. The Trustee Board members are required to 5P3n a Code of C(mdud and RwJister of Inter￿t. Inductlon and training of new Trustees: New Trustees receive an irKlu(Aion path ￿ntaining the folknmng: - Declarallon to act a5 a Truslee - Temis of Reference - Code of Con(Juct - Equal Opportunth'es monitoring fon - Declaration of Inlerest Fom) - Chanty Commission CC3 d(M￿ment- Re5r￿￿lI￿1ltles of Trustees - Memorandum and Artides ofAsscciation - Annual Report and Acoxjunts - Infonnalion regar(ling Trustee Psjard meétings A Skills and Knowfedge Audit. alory with an EDI suNey. 15 sent out as ofthe pft)cess. Organisational structure The Board of Truslees administers the Charity. The Boar(1 meets r￿nthlY and there a￿ sutrpcommittees that report to Ihe Board on a task and finish b&8is. A Ch￿f Executive Ks apwinled by the Trustees to manage the day-tcpday operations of the Charity. To faolitate effe(*ve operations, the Chief Executive has delegated authority. within temis of delegation approve(J by Ihe ￿jarrI. for opera￿￿ matters Ind￿li￿J finance, empwn8nt and perforrnar￿ related activi*"es within the Core servi￿. The Twstee Board has oversight of finanual matters thr(MJgh rewrts to e￿ of the TnBtee Board meetings and the TTr￿te8 Board may amend these powers from time to time. There are approximatdy 13 fv11 time staff and 12 part tirne stsff. R•lat•d partl•8 We would like to thank all of our partrws that have Its￿rked V*ith us in tho pa6t year to hBlp us deliver our serv￿$ and develop new approaches to meeting the needs of young people and the wider community. Risk management The Trustee5 have a duty to idenlfy and revw Ihe risks to vknich the tharity is exFX)sed and lo ensure appropriate ntrols are in plats lo provide wsonable assurance againsi fraud and error. The Twstee Board has LL)nducted a review of the major risks to whith Ihe organisabon has been expw)sed. A risk register has been established and will be updated annually with an appropriate actK)n plan. lthen ngxssary, systems and procedures have been established to mitigate the risks the Charity faces. Controls are in pl￿ to minimise intemal risks by the IMp￿entatIon of Prc￿edureS for authorisation of all transadions and projects. Heatth & Safety reviews are carried out oJularty. Page 2 SWANSEA YMCA (REGISTERED NUMBER: 08634510) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTivmES Objectives and alms Swansea YMCA was established in 1868. It became a company limited by guarantee on 1st August 2013 and adopted a new articles of association. It is govemed by a Board of volunteer Tnjslees, employs 25 people, and has a small volunteer base. WÈ are a member of The CA)uncal of VNCAS in Eroland & Wal•g. whth r8pr8Bents 101 member organisotions of which approximately 10 remain in Wales. Through this membership. we are part of the global YMCA mvement which rep￿entS over 64 million m8mbg15. Swansea YMCA (trading as YMCA Swansea) ts an independerrt charity and is responsible for its own governan￿. poIic4es. reputat￿n. local service provision. fctus and fundraisirrfJ. All monies raised benefit young wple and their mmunilies wiihin Swansea and surroundlng areas. YMCA Vlslon: For Young People. For Communities. For You. Swansea YMCA aims to tackle povety. improve healih and V￿11 bwrKJ, promole equalfy & diversity and improve the quality of lrfe for children. youro p&)pl8 & coMmunit￿S in Swansea and surrounding areas. The eor• YMCA sèrvi￿ ar•a8 3r•". - Family & Youth Work - Health & Wellbein9 - Support & Advice - Training 8 EducatK Our Ethos". - We seek out - We welcome - We inspi - We speak out - We serve others YMCA Swansea intensively supwrts over 500 vulnerable yourrfJ people and their families per annum a¢ross all of our services. In addition we have engaged wtth peopFe whom we do rK)t have a dIr￿t relationship on up to 10000 occasions- in schools, events and OLrt￿ach V•Dth. Our main beneficiaries are disadvantsged and vulnerable chitdren and young ptsjple and o)mmunities due to FM)vety. ill health andlor disuimination. Our Social Businesses arn: -Filriv•b @ Swansea YMCA -community HublRcK)m Hire induding third sector partners -Arts Centre- Theatre. dan￿ studios & recording studios -Training Provider Our Teams: -youth & Community -Facilities and fith The Core BusIn￿$ OFF•ring$: -youth Work. Education. Sknlls & Training. -Heallh Wellbeing & Fttness -conferencing. Events & AclNrties -managed communty space rentals-Vn)rknng other third s*ir and rnn￿r0fft partners -managed office space -managed short iemi room rentals -Mana3ed faulilies for tccal SME Each year our Trustees activities lo ensu￿ they continue to ￿ect our ams. In Cary1￿ oul this review the Trustees have (y)nsidered the Charity Commtsss￿n's general guidance on public benefft. YMCA work is guided by our o)re values as follo￿. Qualty We have dearly defined servtces that rgflact our ovgrall vision and strategic purFQSe ijeveloped in c*)nsultation andlor coproduciion with Servi￿ users. P￿Je 3 SWANSEA YMCA (REGISTERED NUMBER: 08634510) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Equallty We are LX)mmitted to equalty & diversity and ensuring all of our wvic8s are ￿ible and inclusive. Participation We ensure that yourvJ p￿pIe are invow in the design and delivery of services and that they are involv￿1 in the decisionthmakino prcresse5 at all levels. Responsive Holistic services vh)ich reflect indiwdual needs. Accountable Effective and aGcounlable govemance. vthith refie(#s the etho8 of the YMCA Svransea. Str•glc Alms Management & Governancè - Thè manwJwnent ano s*w￿nCe of trft YMCA Swansea wll ueate value by belng efficienl, effe(aive an d accountable. Human Resources - YMCA Svransea staff wkll have the skilLs to enab￿ our obi&*ive5 to be met ¥￿thIn a framework that ensures they are supwrted. apprais&J. valu￿1 and developed. Finance & Fundlng - YMCA Swansea will generate Suffic￿ ino)me to meel its ob￿JJ.Ves and have appropriate systcms lo cnsure resources are managed effiuenwy and acthuntsbky. PhyslGal ResovrGeS - YMCA Swansea wll have the ph￿ICal re80ur¢es required to meet its obje(Aives. Communication- YMCA Swansea wll effeciively wmmunicats both intemalty arKI extemally th stakeholders. Training - YMCA Swansea ￿11 provide training and devdopmwt opportunilies to improve the quality and effectivenes5 of servilxq delivery, along with the devewment of ts staff. Educatlon, Skllls & Training - YMCA Swansea i% o)mmittgJ to improving the oualty of Youth Work trainino and its delivery in Wales and is active at a number of levels of course u)ntent creation. accredilabon, professiinal ne￿orkIng and practical delivery to achi eve this. Youth Work . YMCA Swar6ea operates servThs on behalf (rf slatutory arKI Th￿luntary sed(Y to ￿th SUprM￿l and promote children arKI young p￿pIe experienc4ng disadvantaJe or discrimination due to aroJmslances, gender or identity. Our goal bs to equip young people to feel empowered and for them to reach their full potential. The Future Generations Act {2015) The rights of Child￿ and young people are at the heart of our servi￿. Health Wellboing & Fitness . YMCA Sbwdnsea will PfOVKJe services and 5upF￿ to wsable thildren, yourwJ p&)￿8 and adults to lead healthy liv es and tac￿￿ health inequalities. Art8 - YMCA Swansea p￿￿deS arts seM¢es and supwl to enab￿ thildr￿, young peO￿e to gain ￿ lo and music to leam new skills. improve their lives and pronKrte the creative industries. Community Devolopment - YMCA Swansea Ènables kK31 ￿)p￿. tn dÉYidÈ. plAn and take acbon to meet their own needs and supwrts the devebpment of hxal services to become more effective and x£essibte, directty impacting upon qualty of lrfe, econ omi￿tty. SocAal￿ and impp)ving hoath and Equality & DiverJity . YMCA Swansea promotes equal rwjhts & dNersity in ￿nMunItieS ac*oss Wales. Page 4 SWANSEA YMCA (REGISTERED NUMBER: 08634510) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Achlevemont and pertom)ance People: Young p￿pIe are at Ihe 'heart' of what we do, arKI are involv&J in planning, developir¥J and evaluating our Servi￿ to ensure that they are rdevant. meet need and are fft fr)r purrA￿. Wg. in partnership to improve the quality of lrfe for people across Swansea, South Wales and beyond. We deliver a wide range of servus and pmvide a supportive environment that cares for the most vulnerable and disadvantaged membefs ofour (tgmmunty. YMCA Swansea has a long-stsndiro track record of successful ￿MMunity erKJagement offering diverse, acLessible serwices and has a dynamic entrepreneurial approach & commitment to SOC4al justlce. YMCA Projects & Services: YMCA Swansea has extensive experien￿ of delrvering semces supporting the most vulnerable thIldr￿ and young people in our communrties to beo)me active ciiizens and ga'n the skilLs to INe safe. fulfilW, independent lives. Young Carers Service Supporting young carers aged &18yeats in SI￿ansea via a range of funded projects 2nd in assoaation a number of partners- indudiro events, activities. edu(3liond supFort. PSE ddivery. a4vareness raising and empowennent. It is led by the Young Carers forum also fogd into hxal authorrty deasion making. LGBTQ+ Provislon Our funded LGBTa+ provision {for those aged 11-25) IndUd￿ G(K)d Vibes and supwrt to kxal schools and educational Settings. It supports LGBTQ+ young 9￿PIe in ￿ SwanseÉ* and 5UTrDunding area (and Olhers as required) who are aged 11-24 years. As well as The dub night. wellness and drop in sessions and actiwties. it also offers peer led Transgender awareness and support. traiTr￿9. insKJhl to other organisationslsedors and has been v￿rkIr0 extensively within Swansea's schools. YHUB YHUB (for t￿ aged 11.25. The open acc￿ youth dub. drop in and outreach facilitates access to soft empbyment skills. further training and wder engagemènt opportunrtip% through the use of adv￿cY. trust. peer group and 1..1 support. Both Y-Hub and our LGBTQ+ pro1￿ have been involved wilh supporting on diversity issues wilhin a contextual safeguarding project being run by the Local Authority. Y-Talont Y Talent is our musicjarts progrdmme for vulnerable children & young p￿pIe whith supports participation in music & the creative industries Locatlon: Over the latter hair of 23124 YMCA Swansea moved many of rfs youth wDrk programmes into the premises which previousty housed the Day Care Cent￿ to create a Un￿Ue dedicated Youth Work facility in the [￿tre of Swansea. YMCA Health & Well-8eing: Our Health & Well Being Programme Y•Drks wlh 1500+ per annum to imFxove fitness. V￿rkb￿.ng. mental & physical health. nutrition, aid rttovery from illness & injury. Our business modd one that is ￿MmUnty based and priced to enix)urage th￿￿. frnm stable b￿grOund$ to attend. Additionally we ￿rk wth othar third saclor partners to increase indusivity and opwrtunty." Ihereby ensuriro that finanlial barriers to better physical heath are removed for all. Y Training Training Centre speaalising Youth Wort( training. We are ￿ amdited ￿red Cymw (wtre and are running both level 2 and 3 qualffjications. YMCA Communlty Hub proiAdes ty Cent￿ Offi￿ Spa￿ in Swansea to: - Terren￿ Hugins Tru - PSALT- substan￿ misuse support - Welsh Refugee Council - LGBT Cymru Helpline - Bamado's Over the course of this year we have aso Wek￿ed a number of training providew5 and the Probation Service to our premises for the medium term. In addition we have a numbor of bng standing wmmunty msnded uws of the building on a short tem7 ￿tal basis and those from the cxjmmunty th￿"ng to utilise our spac*. Page 5 SWANSEA YMCA {REGISTERED NUMBER: 08634510) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2024 We also have the foll0v￿ng bUs1r￿sseS Op￿￿1n9 from ¥wthin the buildiNJ: -Desi Swag restaurant -Saru Jui-Jitsu Financial review During the year the company raised income princ4pally from service level agreements, ikniations and grants, office and room hire and membership of our fftness facilty. This has been a transitK)nal year for the Ch*ity as ￿ seek to focus on. arKJ develop in. our areas of strength in youth I￿rk and training.Rises in Bank rates have lod to inc¥gas•J k>an intwest o)sts. ￿lch tts3ether a thanging funding landscape where mre charities are Lx)mpebng for less nTh)ney. has le(1 to the trustees reporting a loss for the year of {£19,4741. STRUCTURE, GOVERNANGE AND MANAGEMEtrir Govemlng document Swansea YMCA registered as a Company Llrnrt￿ by GuaraNee on 1st Augusi 2013. The o)mpany vfis estab115hed under a Memorandum of Association which established the obj"* and powots of the tharitablè company and is govemed under its Art￿jeS of Asscoation. In the event of the ￿MpanY ￿1r￿j VK)und up. the membets are required to contribute an amount not exceediro £10. Induction and trainlng of new trustees During the year, the board wekom8d three trustees.These are as folloKs: Ms Rhiannon Sheen de Jesus, Mrs Rebecca Emma Forbes Kusu-orker Mrs Vicloria Jane Rees Report of the trustees. ino)rporalirKJ a stratgJic rerrt approved by (Kder of the board of truslees, as the ￿rnPany directors. on .....I.*.l.k..(.&￿.k.￿............ ￿ s￿Jn￿ on the boanss behalf by: P R Treseder- Truslee Page 6 INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF SWANSEA YMCA Independent exarninerfs report to the trustees of Swansea YMCA Compan￿> I report lo Ihe charity tnjslees on my examinats.on of Ihe acLy)unts of the CJ)mpany for the year ended 31 March 2024. Responslbilltios and basis of report As the chanty's trustees of the Company {and also ils directors for the purr￿e$ of company law) you are reswnsible for the preparation of the aeA)unls in a(tordance V￿th the requirements of the Companies Act 20￿ ('Ihe 2006 ACV). Having satisfied myself that the ￿lUnts of the Company are nol required lo be audited under Part 16 of the 2006 Acl 2nd arg. 9.ligiblp fnr independent examinat￿n. I rewrt in respect of my oxamination of your charity's accounts as carricd out under Section 145 of the Charities Act 2011 (Ihe 2011 Act,). In caryir¥J out my examinatK)n I have followed the Directions given by the Charity Commission undor Se(*on 145(5) (b) of thc 2011 Ad. Independent examinerfs statement Since your charity's gross inwme exceed￿ £250,(X￿ your examiner must be a member of a listed t#)dy. I can (x)nfimi Ih NET ASSETS 681.173 681.173 71x1,647 FUNDS Unrestricted funds 681.173 700,647 TOTAL FUNDS 681.173 700,647 The charitable company is entl￿e￿ to exemptton from ￿di1 under ￿K)n 477 of the Companies Act 2(iJ6 for the year ended 31 March 2024. The members have Tr)t required the company to obtan an audr( of its financial stalwnents for the year ended 31 March 2024 in accorOan(t wth Secbon 476 of the Companies Act 2006. The trustees acknowledge their resF*Msibilities for (a) ensuring that the charitable company keeps ￿cOun￿r￿j r￿d5 that comply vrith SeCt￿ns 386 and 387 of the Companies Act 21J)6 and preparing finanoal slalwnents whith give a true far of the state of affair5 of the tharitsble wmpany as al the end of each finanaal year and of its surplus or defi(il for each finanoal year in accordanc£ the rtwiJ1￿rnÈnts of SectK)ns 394 and 395 and which othewse compty the requirements of tho Companies Act 21K)6 re18ting to financial slatements, so far as applicabfe to the charitable (*)mpany. (b) The finan al statements were approved by the knrd of Trustees authorised for i55ue and were stgned on its L*half by: on P R Treseder- Trustee The r¥)tes fomi part of these financlal statements SWANSEA YMCA CASH FLOW STATEMEMr FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating advilles Cash generaled from otErati(Y Interest paid 30,205 (43.820) 177.094 (30,255) Net cash {used inyprovided by operating ￿1vibeS (13,615) 146,839 Cash flows from investing activlllos Purchase of tangible fixed assets Sale of fixed asset invesknents {7,￿5) (12,041) <74.895) Net cash used in inve5Liry a(*wlies {7.￿5) (86,936) Cash flows from financing actfvfties Loan repayments in year (59.670) (71,255) Net ￿$h used in financirKJ actiwtses {59,670) (71,255) Change In cash and cash •qulvalents In the reporting perlod Cash and Cash èquivalents at the l*ginnlng of the reporting perlod (81.1￿) (11.352) 133.207 144.559 Cash and cash equivalents al the end of the rnportlng period 52,017 133,207 The Tr)tes form Of1￿ finarKaaS statements PwJe 10 SWANSEA YMCA NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NEf {EXPENDITUREVINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net (expendItUre￿incQn* for the reporting perlod (as per thè Statement of Flnancial Actlvltles Adjustments for. Deprecialion charggs Losses on investments Interest paid Revaluation of tangible fixed {Increaseydecre&se in debtors De¢￿se in creditors {19.474) 2,804 41,377 41.14G 74.895 30.255 74.895 56,392 (103,293) (22.020) (13.498> Net cash provlded by operations 177,094 ANALYSIS OF CHANGES IN NEf DEBT At 1.4.23 Cash flcw Al 31.3.24 Net cash Cash at bank and in hand 133.207 (81.1￿J) 52.017 133.207 (81.190) 52.017 Debt Finance leases Debts falling due within 1 year Debts falling due after 1 year (377) (62,560) {522.542) {377) {50,624} {478,335) 11.936 44.207 {585,479) 66,143 (520.336) (452,272) (25.047) {477,319} The rw)tes fom part of these financad statema Page11 SWANSEA YMCA NOTES TO ThE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES Basis of prnparing the financial statements The finan￿31 statements of the tharitable ￿rnpany. which is a public benefit entty under FRS 1 ￿. have been prepared in accnrdanc* v*th the Chartbes SORP (FRS 102) 'Accounting and Rep)rtFrwJ by Charities: Ststement of Re(y)mmended Praciice applicable to chartiÈs preparirKJ their accounts in accordan(£ with the Finanaal Rep)rting Stsndard applicable in Ihe UK and Regublic of Ireland (FRS 102} (effective 1 January 2019),, Financial Rewrting Standard 102 'The Financial Rep)rting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2rM)6. The finanaal statements have been prepare(l uryler the historical cosl convention. modffied by Ihe revalUa￿n of certain assets. Going Concem As a largely grant fvnded organi8ation. thert is elways a degree of finonoal uncertainty ¥Mthin the figkl that Wg wort(. The current economic dimate ￿m81￿ urtstable and exlemal funding priorikn'es are beyond our control. The Iruslee5, as part (rf their due dilvJerKt. have carefully 855e55ed the impaGi of the year end net current liability )srtion and considered the m*erial risks that would affect the organisab'on's abiltty to cnntinue operating as a going concem In the nex ￿1Ve months, starting from the ihe accL)unts are signed. They are as folk)ws,' Renewal offvnding fflay not occur kthich wwkl affect the ability to meet Over￿S. The loan covenant has tttn breached the last ffive years. Creditors of kMgStandirKJ debts may requi￿ immedi?te repayment ProFety values rnay f811 due lo eCorKYn￿ and inllatix)8ry pressu￿. Key building tenants may themsefves kjse ftmdI￿ln0Yne C￿ cease TJaUry. The tTUStees are ults"malety responsible for nsk rnanW￿. an(J are $8ilsfEd ttw approprlate (x)ntrDls and safeguards are in place to mrtjgate the risks outlined a￿Ve. We have assessed Ihe operational fore(2sts for the coming year. along wth Ihe necessary strategies, and are Satisfi￿ thal there are suffiuenl resources available lo continue as a going ￿ncern. However, should one or more of the issues atK)ve arise over the coming 12 months Ihis could lead to a matwial uncHlainty on goiro ￿ncern. As a￿aYs. this will be carefulty I￿nitor￿ so thal appropriate adb)n can be taken at any FKNnt shoukl no k)nger have that LX)nfiden(2. We are gratefvl that our bank. Unty Tfust plc. continue to SUPF(rt us with the proVis￿n of #n overdraft and havÈ recenuy ren￿￿d our loan faeilty for the next years. IncoTh l in￿ming resour￿ are indu￿￿ on the Statement of Finanoal AL*VI￿eS (SOFA) ￿eTr ¢harity is legally ent￿ed to the inwme and the amount (2n be quantffjied wtth reasonable ao)Jracy. Incomé from rcrf)m hire is rec¥)gniwJ vthén the hire tskes pl￿. Offi(£ hire is recognised by referen(% to the to whith it relales. Rent ts thargaj in wjrdance the terms of the rentsl agreement. Fitness centre incfjme is rec¥Jgnised V￿￿1 paid. When a payrrwt is m&Je for an extended per￿ it is c￿lIted evenly over Ihe period to the SOFA. DonatKJns and similar incoming resources r8present rr#)nw received by the charity fmm tharrtabkt donations and grfts. These a￿ ￿cogniSed in the s￿tem￿￿ of Finanaal Activities upon re￿Pt. Grant in￿rre accounted for on an acuuals basis axl is Sr￿ in the financial statements vthen the Chaiity eams the unconditK)nal right to the funds. Grants received for a spectfic purpose are treated as reslricted fvnds. Revenue grnnts are credited diwtly to the Statement of Finanual A¢livilies and Capital grants are rdeased over the lrfe of Ihe asset in line th the depwiatKJn EKIIIGY. Intèrest Recèivable Interest on funds hdd on d8rthit is IndUd￿ vhw receivable th the affw)unt be measurwj reliably by the charity: IhKs is nomialty UFTh ￿tifi￿tIOn of the interest paid or payable by the Bank. Expenditure Liabilrties are re￿)gnised as expenditure as s(K)n as there is a *al or u)nstnJthve obligation ￿mMItting the charity to that expenditu￿. bt is probable that a transfer of ecorffiiic beneffts V￿11 be required in settlement and the amount of the obligat￿n c4n be measured rdiabty. Expenditure is a¢o)unted for on an acrnials basis and has been dassified under headings that aggregate all (fjsl relataj to the category. Where LX)sts cannot b8 directty attributed lo particular headirrfJs they have been allocated to activities on a besK8 (x)nsislent with the use of PwJe 12 nlinued... SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- conts.nued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES- continued Expenditure The cost of generaliry funds comprises cosls associat￿ wth attrarAiThJ grdnl incs)me. Charitable expenditur8 Cnmpri%￿ those cf)sts inajrred by the Chajity in tha dolivery of its activrties, both ￿$ts directy attributable and indirect SUPFL)rt tosts. I>)Veman￿ (ijsts indude those LX)sts associated wth meeting constitution21 and statutory rèquirements of the Chanty. All costs allocated between expenditu￿ c¥tegort&s are on a basis de5pJngJ lo refif%t their resour￿ usa9e. For some costs this mean5 diwt albcalion to activlties, other o)sts are appofb'oned. e.g. by staff time spenl on the acb'mty, or ar￿her equitable usaJe measure. Jolnt ijdlvery costs are rectsJnised In the per￿ whth they are awarded to the extent that they have be expended in ac¥>)rdan￿ with the fun(lirKJ tenns and (xjnditions. The Charity initially idents'fies the ojsts of its sut>g0rt fvn(Xions. Supwrt LX)sts 1ndL￿e back offirA o)qts. finance. personnel, payroll and govemance costs which suP￿rt the thairlies programmes and activities. Having identified its govemance tt)sts. the remainirrfJ supwrt (￿sts together ￿ the gnvemgnc£ ￿Sts are apportioned be￿￿eeft the three key charitsbl8 activities undertaken} in the year. Allocation and apporttonmont of costs Costs hava b8on allocated as for as possible be￿ the expenditure rAtegories of the SOFA ￿ £1 ba515 designed to refi￿t the use of the resource. Costs relab'ng to a p&￿'Cular activity are allocated direlaly. Others heve been apportioned based on the estimated usage of Ihe rebuUr￿e. Tangib￿ fixed asxts Depwation is provrded at the folk)wirvJ annual rates in order to ￿lte off exh wet over ts estimated useful lrfe. Freehold Propety - 2% on (￿st Fixtures and Fittinos - 2011A on (x)sl Improvements lo Property - PA on (J)st Flanl and Machinery - on cost Included in freehold propety is a tand etemert vthich has a nil dewe(iath)n rate. Taxation The charity is exempt from (trporat￿n tax on its charitable *ivÉbes. Fund accounling Unrestricted funds are available for use at the disuetion of the Trustees in furtheranr* of the genwal objecaives of Ihe Charity and which have not been d￿ff￿nated for other purp)ses. Designated funds are unrestricl&J funds eannarked by the Trustees for parbwlar purwses falling in futu￿ time Restricted funds are fijnds subject to spe(afic reslrictions imrM)sed by donor5 or whK* have been raised by the Charity for particular purpos8s. Tha am arKJ use of each restrided fund is aet out in the notes to the financial statements. A future explanation of the nature arKI purp*)se of e&h fund is induded in the notes to trte finanual statements. Foreign currencies A55ets and Ilabllllles in fown currencies are translalexl inlo sterling at the rates of exchange njling al the balance sheet date. TransactK)ns in fo￿gn ￿TrenCieS are translated into sterliro al the rate of exchange ruling at the date ot transadion. Excharvje drfferen￿ are taken into ac%x)unt in arriving at the operating result. Ponslon costs and other post-retiroment beneffts The charrty operates a defined ￿ntribU￿n scheme for the benefft of its empk)yees. Contrtbutions payable are rwnised in Ihe profit and bss account when due. Debtors Tfade and other debtors are recr)3nised at the settlement amount due after any trade discx)unt offered. Prepayments a￿ vaiued at the amount prepaid net of any traje dwjuntb due. Page13 (x>nlinued... SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- ¢on¥nu•d FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES- continued Cash at bank and in hand Cash at bank and cash in hand indudes cash and short twm highly liquKI investrnents with a short maturity of three months or less from the dat8 of acquisi￿n or opening ofthe deposit or &milar acLy)unL Credltors and provision$ Creditors and provisK>ns are recogniseAJ where the chafity has a present oblKJalion ￿ultIng from a past evént that will probably rosLrlt in tho transfer of funds to a third party and the amount due to settle the obligation can be measured or eslimaled reliably. Crgjitors and provi8wJns are rK)Thally reLxNJnistiJ at their settlement arN)unt after alkm'ng for any trade disojunts due. Financial Instrunxnts The chanty only has finanaal assets and financial liabilities of a kind that qualify as basic financ4al instruments. Basic finarrial instruments are inrtialty re(J)gnised at trdnsathion value and subsequently medbure(J al Uieir settlement value with the ex¢eptK)n of bank bans vknich are subsequenlly measured at amrtised cfjst usiThJ the effective interest method. Hiro purchase and leasing commitments Assets obtained under hire purchase LX)nlracts or finarte leases are caprtalised in the balance sheet. Those held under hire purchase ￿ntr￿ts a￿ deprecialgj over their usefvl live5. TPK)se held under finar￿ lease5 are depreciatèd ovèr their estimatod Ltsefvl INes. The intere¥t element of these 01￿￿jatIonS arc Charged to the SOFA ovw tho rolovant por￿. The capital element of the fijture payments ts treated as a liabilty. Rentals paid urKief operaing leases are tharged to the SOFA on a strdKJht line basis over the pwKrfJ of the lease. Legal slatus of the Charity The charity is a (x)mpany limf(ed by guarantee. In the event ￿ the charity being wound up, the liabilty in respect of the guarantee is limtted to £10 per member ofts chartty. DONATIONS AND LEGACIES 2024 2023 Donat￿nS Sundry in￿rne 48,052 31.677 OTHER TRADING ACTivrriES 2024 2023 Training ino)me 12,839 1,21XJ INCOME FROM CHARITABLE ACTivmES 2024 2023 Fitness centre ￿n￿me Room hire Grants Fitness Centre Room1Offi￿ Hire Projects, Acbvities & Admin 24,0]7 168,456 597.352 22.689 153,667 863.774 789,815 1,040,130 Grdnts r￿1ved, indUd￿j in the abfft. a￿ as folkMs: 2024 2023 Swansea Counol Summer of Fun- GcK¥Jvibes CIN LGBT Grant Ktckstart 10.WK¢ 1.085 Carried forward 17,585 Page 14 )ntinued... SWANSEA YMCA NOTES TO THE FINANCIAL STATEMEpifs- contlnued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARifABLE ACTMTIES- conllnued 24 2023 Brought forward Children in Need Swansea Counul YourvJ Carers Provision Garfield Weston SDF Youth SOlu￿r CIN Y Talent LLoyds Bank Foundation Swansea Council Youro ca￿r$ ID Cards Regional Integrated Fund- We Care Waterfoo Foundation CIN Booster Grant Welsh Govement ERF3 Regional Integrated Fund- Y Hub Regional Integrate(J Fund- Young Carer5 RDP Youth Solubons "Y-Future' WCVA Active Indusion Peer Action Collective Charities Aid Foundalion Moondanc£ Foundation Period Povety Grant Gower Riders Regional Integrated FurKI- Young Carers Grant Swansea Carors Centre WG Sw￿0 Grant WCVA- Third Sector Resilience FurKi C F in Wales Grant Arts Counul Wales CWVYS Film Sth Swansea Counal Summer of Fun- Ytyjng ca￿15 Swansea Counal Summer of Fun- Y Hub Household SuppKJrt Fund Direcl Food Support Fund Cheshire Comrnunty Fund Pathways to W Swansea Counol LG8TQ+ Tend Y Bartneriau Bamados Voice & Influen( Regional Integrated Fund YC Winter SPk)rt Brc The Austin Bailey Foundation Music4AII SWP Youth Trust Ty Cerdd SCVS Youth Bank Posto)de L¢)ttery CMET National Lottery Summer Holiday Activrty Program Coast Winter 2023124 17.585 23.962 52,326 50,OC#) 12.5CI) 52,326 12.500 25,873 11,349 6.818 77,868 17.537 27,124 15.L 24,416 39,986 26.074 174.629 29.009 171,976 55.838 23.968 734 714 22,000 1,113 21.953 21,953 2.975 34,678 23,051 18,181 2,21)0 5,000 1,200 2.430 1.771 39,751 8.750 4,215 2,479 19,715 285 6,185 35.SS9 2.135 1.261 850 19.238 3.066 40,885 5.363 5.800 597.352 863,774 Page 15 (xintinued... SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- contlnuod FOR THE YEAR ENDED 31 MARCH 2024 RAISING FUNDS Other trading activities 2024 2023 Bad debts 4,637 6.168 CHARITABLE ACTMTIES COSTS sUp￿rt costs (see note 71 Dired TotaL8 Projects. ActNities & Admin 857.789 7,784 865.573 SUPPORT COSTS Supwrt Finance Tota Projects, A(aivities & Admin 6.200 7,784 NET INCOMEI{EXPENDITURE) Net incon￿1(9xp￿dtiur9> is statad aft•r char9irW(cr4dibng)-' 21Y24 2023 41,377 41.051 TRUSTEES. REMUNERATION AND BENEFrrs The￿ were r￿ trustees, remunwation ￿ other b￿efftS for the year endgj 31 Marth 2024 nor for the year ended 31 March 2023. Trustees, expenses There were m tn￿tee5. expenses paid for the year ended 31 March 2024 nor for the year ￿ded 31 March 2023. 10. STAFF COSTS 2024 2023 w￿e$ and salaries Other pension costs 541,313 7.975 637.231 8,058 549,288 645,289 The average monthty nUM￿r of empbyees dLKirKJ the yearvras as folk)ws.' 2024 2023 Facilities Fitness Proje Management Pla￿￿¥[its 17 18 28 39 The Key Manryement PeTSonnd of the Charity ￿1V￿j remunerat*)n of £150.013 (3110312023: £143.304). this indudes gross salary paid. ern￿OyerS national insurance contributions and employers pension wntributions. PaJe 16 conlinued... SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnuod FOR THE YEAR ENDED 31 MARCH 2024 11. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES Vn￿tnCt&j funds Restnct8J funds Total funds INCOME AND ENDOWMENTS FROM tk)natK)ns and legaaes Charitable activities Fitnegy Centr Roomloffice Hire Proj￿, Activrties & Admin 22.689 153.667 22,689 153.667 863,774 863.774 Other trading aGlivittes 1,200 1.2 Total 271,￿7 863,774 1,075,675 EXPENDITURE ON Raising funts 6,168 6.168 Charitablo activilies Projects, Activities & Admin 128,034 863.774 J1,808 Tolal 134.202 8G3.774 997.976 Net gainsl{losses) on investments {74,895) {74,895) NET INCOME 2.804 RECONCILIATION OF FUNDS Tolal funds brought fornard 697.843 697,843 TOTAL FUNDS CARRIED FORWARD 7(KJ,647 700,647 12. TANGIBLE FIXED ASSETS Fixtu and frttings Freehold property Plant and machinery Totals COST Al 1 April 2023 Additions 1.694.429 98.361 4,316 349.274 3,589 2,142.064 At 31 Marth 2024 1,694,429 102.677 352.863 2,149,969 DEPRECIATION At 1 April 2023 Charge for year 434.429 Y2,987 339.457 857,840 41.377 At 31 March 2024 467.416 342,401 899.217 NET BOOK VALUE Al 31 March 2024 1,227.013 13.277 10,462 1.250.752 Al 31 March 2023 1.260.0 14.407 9,817 1.284,224 Included within F￿ehOld Property is land. to the value of £120,OQ) that 1$ not depreciated. The freehold propety is rK>t o)nsidered lo be a mixed usc property by the tru8tees es the propety 18 Used to establish a third sector hub to benefft ￿mrnunty rather than to eam rentals. PwJe 17 ntinued... SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- eontlnuad FOR THE YEAR ENDED 31 MARCH 2024 12. TANGIBLE FIXED ASSETS- continu Fixed assets, induded in the aLw)ve. vthith are hdd under firkgr￿1&7seS are as folh)ws'. Fixtures ano ffttings COST At 1 April 2023 and 31 Marth 2024 30,760 DEPRECIATION Al 1 April 2023 and 31 March 2024 30,760 NET BOOK VALUE At 31 March 2024 At 31 Marth 2023 13. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade de.htnr Other debtor5 Prepayments and accru￿ into 62,570 2.438 21.178 38.152 3.418 22.596 86,186 64.166 14. CREDITORS." AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2Q23 Bank loans and overdraft5 (see rN)le 16) Finance leases (see note 17) Trade creditors Social secunty and other taxes Other creditors Deferred ino)mo Accnjed expens&s 50.624 377 17.342 44,178 3.615 77.264 26.047 377 1.722 59,438 2,470 73.022 33,819 219,447 233.408 15. CREDrroRS: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank h)ans (see note 16) 478.335 522,542 The finance lease was used to purc￿￿ equipment for the gymnasium. LOANS An analysis of the mabjrity of loans is given bel(M.' 2024 2023 Amounts falling due wiihin one year on d￿and. Bank thn5 50.624 Amounts falling betsI￿n one and years: Bank k)ans- 1-2 years 53,161 50.149 Amounts fallino due bthyeen t%w) and fve years: Bank loans- 2-5 yeafs 134.950 129,419 Page 18 nlinued... SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 16. LOANS- eontinued 2024 2023 Amounts falling due in rn0￿ than fwe years: Repayable by instalments: Rank loans more 5 yr by instsl 2￿,224 342.974 17. LEASING AGREEMENTS Minimum lease payments urKlerfinance fall due as f01b￿. Finance leases 2024 2023 Nel obligations repayable.. Within one year 377 377 18. SECURED DEBTS The lollowing sècur￿ dgbts ara includwl vAthin uedlt0￿.' 2024 2023 Bank loans Finance leases 528,959 377 585.102 377 529.336 585.479 The bank loans and ovwdrafts are secured by: - A fix&1 and floating charge over 14 The lQngsway dated 1410112014 wth Wales Coun(al for Voluntary ActKJn,' and. - A fixed charge over 14 The Kingsway dated 1410112014 with Unity Trust Bank plc. - A fixed and floated charge over all assets of the tharity dated 9111r2017 with Unity Trust Bank pk. Finance Icases arc sccurcd against the assets they relate. 19. PROVISIONS FOR UABILrriE8 2024 2023 ProvisK)ns 10.LK(I 25.(KJO 20. MOVEMENT IN FUNDS Net rrK>vement in funds At 31.3.24 At 1.4_23 Unrestrictod funds General fund 7(Ki,647 (19.474) &81.173 TOTAL FUNDS Tr￿.647 (19,474) 681.173 Page 19 continued... SWANSEA YMCA NOTES TO THÉ FINANCIAL STATEMENTS- eontlnu•d FOR THE YEAR ENDED 31 MARCH 2024 20. MOVEMENT IN FUNDS. conlinuad Net movement in funds. indudéd in the aLThie we as foll￿5. Incoming Resour expended Movement in funds Unrestricted funds General fund {272.858) (19.474) Restricted funds Regional Integrated Fund- Y Hub Swansea Counol Youn9 Carers Prowsh)n Garfield Weston Children In Need SDF Youth Solutions CIN Y Talent Regional Inkgrated FurKI- INe Care Watefloo Foundation Welsh Govern￿nI ERF3 Regional Integrated Fund- Young Carers RDP Youth Solutions 'Y-Futur@' MOOndan￿ Foundalion Period Poverty Grant WG SWYVO Grant C F in Wales Grant Arts Counol Wal&s rect Food Suport Fund Cheshire Communty Fund Swansea Counal LGBTQ+ Tender Y Bartneriau Bamados VoirE a Inlluen( Regional Integrated Fund YC Winter Short Breaks The Austin Bailey Foundation Mvsic4AII SWP Youth Trusl Ty Cerdd SCVS Youth Bank Poslcode Lottery CMET National Lottwy Summer Holiday Activity Prcgram Coast Winter 2023r24 {48,833) {52.326} {s0.C￿l {23.962} {12,5CIJ} 16.468) {77.868) (27.124) (15.Crf)O) (55,838) (6.982) (23.968) (734) (23,051) {1,488) (18.181) (4.215) (2.479) (19.715) (285) (6.185) 52.326 23.962 12.500 77.868 27.124 15.(K)O 55.838 23. 734 23.051 18.181 4.215 2,479 19.715 285 6,185 (35,559) {l,c￿l (2.135) {4.993} {1,261 } {&fjo} {19,238) (3.066} {40,885) (5,363) (5,8(M)) 1.0 2,135 4,993 1,261 19.238 597.352 (597,352) TOTAL FUNDS 850,736 (870.210) (19.474) Comparatiws for movomfrnt In funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 697,843 7￿,647 TOTAL FUNDS 697.843 700.647 PwJe 20 Jnttnued... SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 20. MOVEMENT IN FUNDS- continued Comparative net movement in funds. induded in the atx)ve are as folk￿s.. Incoming G￿nS end Movemenl in funds expended Unrestricted funds General fund 211.￿1 (134.202) (74.895) Restrlcted funds Swansea C￿JnU1 Summer of Fun- Goodvibes CIN LGBT Grant Regional Integrated Fund- Y HL Kickstart Swansea Counal Young Carers ProvisK SDF Youth Solutions CIN YTalenl Lloyds Bank Foundation Grant Swansea Council Young Carers ID Cards Rcgional Integrated Fund- We Care Watedoo FOundat￿n CIN Booster Grant Regional Integrated Fund- Yourrfj Carers RDP Youth Solutlons Y-Fuiure- WCVA Active Indusion Peer ActKsn Coll￿1Ve Charits'es Aid Foundation Period Povety Grant Gower Riders Regional Integrated Fund- Y￿1Vj Carers Grant Swansea Carers Centre WG SWO Grant WCVA- Third Sector Resilience Fund C F in Wales Grant Arts Council Wales CWVYS Film School Swansea Counal Summer of Fun- YourKJ Carer5 Swansea Counc¢l Summer of Fun- Y Hub Household Support Fund Direct F(KKI Suport Fund Cheshire Communty Fund Pathways to Wo Swansea Council LGBTQ+ Tender 6,51 10,CKK) 24.416 1.OK5 (6.5(Kl) (10.CIXI) {24,4161 (1.085) (52.326) (12.5LN)) (25,873) (11,349) {6,8181 (77,8681 (17.537) (500) (39,986) (2b,074) (174.629) (29,009) (171,976) (1.848) (714) 12,5 25.873 11,349 6,818 17,537 26.014 174,629 171.976 714 (22,C4)0> {1.113) {21.953) (21.953) (2.975) (34.678} (6.992) 1,113 21.953 21.953 2.975 34,678 6.992 .2UQ {2,200) (5.(J)O) {1,2CX)) (2,430) (1.771) (39.751) (8.750) 1.200 2.430 1,771 39,751 8,750 863,774 (863,774) TOTAL FUNDS 1.075.675 (997.976) {74,895) A current year 12 months and p￿r year 12 months combin￿1 position as follows: Net At 31.3.24 At 1.4.22 in funds Unrestrictsd funds General fund 697,843 (16.670) 681.173 TOTAL FUNDS 697.843 (16.670) 681.173 e21 SWANSEA YMCA NOTES TO THE FINANCIAL STATEMENTS- continu FOR THE YEAR ENDED 31 MARCH 2024 20. MOVEMENT IN FUNDS- contlnued A current year 12 nN)nths &xl prN)r year 12 combined net movement in funds, induded in ts above are as follows.. IncomirKJ Gains and losses Movement in funds expended Unr•¥tri¢tod fund$ General fund 465.285 (407,C60) (74,895) (16.670) Rèstricted funds Swansea Coundl Summer of Fun- Goodvibes CIN LGBT Grant Regional Integrated Fund- Y Hub Kickstart Swansea Council Young Carws F>rovisK)n Garfield Westortr Children In Need SDF Youth SOlut￿s CIN Y Talent Lloyds Bank Foundation Grant Sw8nse8 Coun￿1 Young Carcrs ID Cards Regional Integraled Fund- Care Watetl00 FoundalN?n Wdsh Govemient ERF3 CIN Booster Grant Regional Integrated Fund- YourKJ Carers RDP Youth Solutions 'Y-Fulure" WCVA Actsve Indusion Peer ActK)n Collective Charities Aid FOundat￿n MOOndan￿ FoundatM)n Penc#J Poverty Grdnl Gower Riders Regional Integrated Fund- Young ca￿T$ Grant Swansea care￿ Centre WG SWYVO Grant WCVA- ThTrr(J Sector Resilience Fund C F in Wales Grant Arts Council Wales CWVYS Film Sctrwjol Swansea Council Summer of Fun- Your Carers Swansea Counul Summer of Fun- Y Hub Household Support Fund Direcl Food Suport Fund Ch8shire Community Fund Pathways to Work Swansea Coun(>l LGBTQ+ Tender Y Bartneriau Bamados vol￿ & Influence Regional Intg3r*ed Fund YC Winter S￿rt Breaks The Austin Bailey FoundatK)n Muslc4AII SWP Youth Trust Ty Cer(JiJ SCVS Youth Bank Post(x)de Lottery CMEr National Lottery SUMM￿ Holiday Aciivtiy Prooran Coasl Winter 2023r24 6.5tJ) 10,r 73,249 1.085 104,652 {6.￿xI) (10.CW) {73,249) {1,085} (104,652) (50.C(N)) {23.W2) (25.0(Kl) [￿..341) (11.349) (6.818) (155.736) (44.661) (15,IM)) (500) (95,824) (33.0561 (174.629) {29.CQ9) {171.976) {23.￿) (2.582) {714) 23, 25,( 32.341 11.349 6,818 155,736 44,661 15.IXX) 95.824 174.629 29.¢JJ9 171.976 23,968 2.582 714 (22.￿0) {1,1131 (45,(MJ41 (21,953} (4.463} (52,859) {6.992) 1,113 21.953 4.463 52.859 2.21x1 {2,2¢XI) (5.OCrf)) (1.2C(I) {6,645) (4.250) (39.751) (28.465) {285} {&185) 1,2(M) 4.250 39.751 28,465 285 6.185 35,559 135.559) (1,(KKI) (2.135) (4,993> (1.261) (850) (19.238) {3,IA6) {40.885) (5.363) (5.8CM)I 2.135 1,261 19.238 1.461,126 (1.461,126) PwJe 22 ¢))ntinued... SWANSEA YMCA NOTES TO TrIE FINANCIAL STATEMENTS- ¢ontinu¢d FOR THE YEAR ENDED 31 MARCH 2024 20. MOVEMENT IN FUNDS- continued TOTAL FUNDS 1.926,411 (1.W.186) {74.895) (16,670) Restricted Funds The pur[x￿ of the restricted funds are detaled bekyK. Swansea Council Summer of Fun grants prowded fun activities for yourvJ people and families across Swansea during the sdKX)I holidays. Children In Nee(1 LGBT Grant - prov￿Ing a safe SP￿ for wurKJ LGBT+ (11 - 18) p￿pIe to meet and access workshops in a peer led group. Region81 Integrated Fund - Y Hub provides a safe environment to supwrt young p￿PIe in our (t)mmunity and neighbourlx)od who are at risk of exptoitalKJn". il provides not only a safe SP￿ to allow in4eplh work young people bit offers a Sour￿ of hope. empowerment. and e(lucation. Kickstart - a Govemment backed scheme offering six-rrrt)nth placements open to those aged 16 - 24 who are daiming Universal Credit arKI al risk of lortrtem unempbyment. Swansea Counal Young Carers Grant - supwrtiTr3 young carers by providing 8 holistic famity approach to redurAng barriers to accessing support and inueasing their resilience to their caring role. SDF Youth Solutiorts - YQower prDject providirwJ opwrtunibes for yourvj p* to expkne the Gower via trips, visits and a(Aiviti&s. Children In Need Y Talent - for youro p￿pIe aged 5 to 18 lo use music and arts as an enga3ement bol to improve mental health and wellburrfj. Lloyds Bank Foundat Y Street programme provides intensive supF￿ for people at risk of homdessnessl¢u￿ntIY sofa-surfing aged 16plus. Swansea Counul Young ca￿r$ ID Cards. Regional Integrated Fund We Care Young Carer5 Project - Young Carw5 School Work, PSE lessons. professionals trainiThJ. residentials, trips and aciiwties, fonJm and tKMJcast Waterfoo Foundalw)n - providirKJ intwtsive SUPFM)rt arKI "bLKldy sessions" for yourKJ Ca￿rS and organise fami events so that all membeF5 of the young car&s family Gan atteiKI. CIN Booster Grdnl - An extension of our granl for Y-Talent using music and ttsive opportunrties as a catalyst for engagement ar￿ impathil yThJth work for young p&We aged &18. RegK)nal Integrated Fund YMCA YourrfJ Carers - weekend v￿lIbe1r@ prOj￿t for youro carers as well as a school drop in provision arKI home•K)rk dub. As V￿11 as infomiation stslls in the communty aboul young carers and our related services. RDP YoLJth Solutitins Y￿￿ure.. Y-Future- a Y￿ led proied l(x)kiro at the environmÈnt and dimate change. WCVA Active Inclus￿n - supwrting ￿pIe to overo)me barriers to employment by providing pl￿eMents. accredited training and inlensive supwrt. The Peer Action Coll￿1Ve was a research project that eng￿ed. inspired. motivated young p￿pIe into discussions ab)ut SOCAety and the commUn￿e5 in whith they live N*ith a particular focus on issues relating to youth vK)lence and the youth juslice System. Charities Aid Foundation Resilien￿ Fund Grarrt - enables ￿JanISat￿¢nS in o)mmunitbes hardest hit by the cov1￿79 pandemic to adam and thrive.. 10 u)ntsnue to ddiver that supwrt the needs of l)enefia'an"es whilst also buildin9 organrzational resistsn(*. Period Povety Grant- provide free period produds to I￿se ￿ access our building and our seNi Gower Riders- provid&J fundirKJ for a trip for youNJ ￿￿rS from Swansea and surrounding ams. RegK)nal Integrated Fund YouThJ Carers Grants - enabled young carers to appty for grants to hdp them over the Chri￿rn3S ￿riod. This incjuded vouthers and monoy towards individual needs Page 23 continued... SWANSEA YMCA IOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- continued Swansea Carers Cerrtre. fvndirvJ for the D&swJnirKJ YowYJ Carws Charter event. Welsh Govemment S￿V0 Grant - LGBTa+ Ctrordinalor role suptx)rtirKJ LGBTQ+ yourKJ p￿pIe. indudiThJ youth group. school ￿ creating trainirvJ for professionals. WCVA Third Sector Resilien￿ Fund 3 - grdnts wth a k)an dement to hdp third sector organizations build resilieneE following inrx)me r&Yudion due to CoM(k19. Community Fund In Wales Grant - Sessional Workers for Y-Hub proj￿ to supwrt the wlre8ch provision and the youth groups aspects of Ihis project. Arts Coun(il Wales - Salary cx)sts and projec* ry)sts for Y-Talent to Ltse music as a gateway for youth V*Drk induding oulreath se5s￿n$ in Lhe (3)mmunily. CWWYS Film Schwl gave young an Opp(y￿￿ty to leam atK>Lrt filming eUitsrvJ from indus professionals, leam new skills and play a part in devek)ping our Y-Legacy series. Household Supp)rt Fund . lthiie wjs for our kIt￿￿n area uwj in our w)rk young pwle Direct Food Support Fund- provided money to pay for fly￿ for our youth groups. Cheshire Community furKI - SessK)nal Workers for Y-Hub prOj￿t Io SUpK￿ thé outreach provisi)n and the youth grou￿ ag)pcl.q of this prc¥ecl. Pathways to Work - EmpbyaÈNIty proi•X provided suppwjrt for people in education, tryaining or employment to find plarAnents or paid empbyment. Swansea Counul LGBTQ+ Tender - to expand on our LGBTQ+ proviS￿n indLKling our youth group and s(#bxJl w￿rk adV(￿Ing for and SUPFQrttng LG8TQ+ youro pg)ple Tran betsveen f During the year the charty has transferred unrestrided fvnds to vaiious restrithd fvnds for matthed fvnding. The trustees have transferred funds in rd8tion to capital grants recyived in Prior years to unrestricted funds. The trustees (yjnsider Ihis lo be rwre appropriate as all monies have been spent relaling to the grants and the￿ are restrictions. 21. RELATED PARTY DISCLOSURES There were no relat￿ party trans8ctN)ns for the year end￿ 31 2Q4. e24 SWANSEA YMCA DETAILED STATEMEKf OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Sundry income 48.052 31,677 34,345 Other trading activitles Training inu)me 12,839 1,200 Charitsble activities Fitness centre income Room hire Grants 24,CK17 168.456 597.352 153.667 863.774 789,815 1,040,130 Totsl Incomlng resources 850.736 1,075,675 EXPENDITURE Oiher trading a￿1VitIeS Bad debts 4,637 6.168 Charitsble activilies Wages Pensions Telephone Postag0 and slaknonery Sundries Premises costs Travel o)sts Training costs Marketing costs Project costs Subscriptions & memberships Refreshmenls IT (Xjsts Legal & professional Depn of freehold propety Improvements to property Plant and mathinery Depn of fixtures and fittings Other loan interest Bank loan interest 541.313 7.975 9.616 1,531 9.976 81,088 41.751 4.101 2.120 42.lJ)b 6,697 1,235 14.765 8,419 32,987 637.231 8,058 12,593 3,499 s.￿3 99,170 26.127 7,135 1,136 79,043 4,458 612 4,104 15,937 7,091 25.￿7 4.722 12,832 10,204 20.051 857.789 976,407 Support costs Flnance Bank charges 1,535 Supportcosts AC￿untancY and legal f 6.200 13.866 Total resources expended 870,210 997,976 Net (expendhUre￿ln¢ljrne before gains and losses (19.474) 77.699 This page does not fomi part of the statutory financial statements P4e 25 SWA14SEA YMCA DEfAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Reo115ed reGognlsed galn¥ and I￿se3 Realised gainsl{losses} on f￿ed asset investments (74.895) Net (expendltureyincomè (19.474) 2,804 page does r#)t fomi part of the statu1￿ fin￿￿181 statements P&Je 26